Housing Market's "Super Bubble" is Over! Homebuyers Listen-Up

Homebuyers, get ready! Housing market super bubble is over. Sellers missed the top. Real estate news and more with live callers.
#housingmarketnews #realestatenews #hudhomes
Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.
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[@lee-vk]

I live in the Netherlands and had a chat with my old man, they bought the house for 60000 gulden ( old currency) now it is worth 700000 euro. They only pay interest on the debt outstanding debt ( original purchase price) a 300 euro a month. I asked him if he knew what i need to pay a month if i want to buy the house nextdoor... He tought about 1900 euro. But with current rates it is 3900 euro... Then he finally gets it

[@jonathanandrew2909]

Yeah, same in Canada. Both our countries need to deport some people before prices come down.

[@redtiger7268]

My grandparents "know" things are bad but didn't understand until I gave them this scenario. I told them when they bought their home (back in the 60s) my grandmother did not work and their payment was about 1/3 of what my grandfather was making. I said for me to buy the house across the street both me and my girlfriend would have to work and it would take 80% of our current combined income. They then finally understood why it have become near impossible for people of my generation to start a family unless we want to live in poverty.

[@thebodegavaluecoredbusines9684]

​@redtiger7268, unfortunately our generation will live in poverty all along .. no more printing money, no more lower interest rates, even rents mounting to a mortgage with instability and anxiousness from Landlords abuse and tantrums ..

[@that1redhairedguy]

WARNING for anyone looking at HUD home store. "They are scammers" They do "as is bids" you have to take a wild guess on what it's going to need based on pictures when you bid. You get to do inspections when you're in the closing process and then you find out the AC unit is trash, the floor is rotting below the master bath floor and all the other problems.. then you know what they say when you ask for a reduction in price due to all the issues? "It's as is and you bid on it. All bids are final!"MEAN AS HELL HUD LADY her attitude was anyone that purchases from us is trash. I told my lender I couldn't come up with the down payment so they would cancel the loan and I got my security deposit back by jumping through many many hoops but lost a few hundred bucks in the process since you only get to look at the home with no power or water. Yes you have to activate the utilities in your name to look at the house functions then pay to winterize it when it's over. HUD is hell! They are not for the people. Not in South Carolina anyway.

[@user-qb8qm4mp5n]

It's like that everywhere. A real estate pro, I sold foreclosures during the GFC in California and I would never touch a HUD property. Your story is one of many nightmares I've heard of home buyers trying to buy a HUD home. HUD homes are trash and I think that's what Greenspan meant when he said all the houses should be burned to the ground. He meant HUD homes. Don't buy a HUD home. Also, what's with the 3-year string attached? That sounds like scummy HUD is sticking homeowners with a silent second. Don't do it. That will come back to bite you in the you know what.

[@albenfischer]

At 1:20:00 the commenter said median home values in 1940 was $10,000 which when adjusted for inflation is $620,000. This data is very wrong. Median price in 1940 was $3000 which when adjusted for inflation is $67,800. So in real dollars the median price of a home in the U.S. has quadrupled. Obviously the market was different in 1940 but I wanted to point out the flawed data presented.

[@jamesstudy686]

In 1940 most households were single income. Ever since dual incomes started the powers that be have just worked to increase costs so two incomes became a requirement. .Gov makes more money the higher everything is including salaries

[@doctordemento965]

@@jamesstudy686 Bingo.

[@LaVidaLocaHomie]

Not to split hairs but $3,000 in 1940 adjusted for inflation in 2024 is about $45,000 to $48,000. These online inflation calculators that people use are a joke. I'm talking real world seat of the pants numbers not computerized java script fake/false data. That's why a lot of folks paid cash for their home back then. Anyone with half a brain could come up with $3,000 cash for a house in 1940.

[@RootBeerGMT]

Thank you for being a voice of reason

[@kevingil5049]

Love you Todd! You are the Truth! Thanks for your content and let the hater hate! I’m 25 and I’m eagered to buy a home however the market is unsustainable for me to buy. Thank you for being one of the people in the industry who shed light to the truth. Shame on those agents who are acting like everything is fine because it’s not. Keep up the great work Todd!

[@SachsRealty]

Thank you Kevin 💪

[@danieluva2848]

“Everyday is a good day to buy a house!” 🙄. Thanks for bringing that up!

[@therealestake]

I hope buyers understand if you're accepting a higher price because seller is offering a kick back, your new property taxes will be higher based on that higher recorded selling price. This is how you lose money when you buy, that higher recorded price is forever.

[@bpb5541]

Prices matter. Great point !!

[@michaelmurphy2067]

not all states base the property taxes sale price in the north east usa homes are assessed and the assessment does not change after the home is sold it changes every 10 years under reassment

[@DtrainB]

The problem is that working at sears and macys paid the bills. Right now working at them places now you can't pay no bills. Those jobs you could afford a home a living . So people say why work there and yo can't live

[@dougg4633]

Those jobs (retail jobs including fast food) should have never become the main income for a family. Those jobs use to be for teenagers, moms looking for a little extra money for the family, college kids, etc.

[@DtrainB]

@@dougg4633 I'm talking about back in the 70, 80. You could work those jobs and have a living. You ever seen marriage with children. He was a shoe salesman and was able to afford a decent house

[@abiyah3176]

My great uncle received a nice pension from Sears back in the day. He moved up the ranks and lived well. Retired as a district manager. Those pensions are gone.

[@veronicalyday2388]

​@@dougg4633These jobs are disappearing along with everything else if these jobs are for teenagers who can't pay the mortgage where is the logic to follow everyone is out of luck

[@Jason-zh5zt]

@@abiyah3176well you’re uncle did what you have to do in retail is and that is move up in the company he didn’t just keep stocking shelves. Wal Mart store mangers can make $400,000 if they hit their bonuses

[@timeforachange-i3s]

One person commented on the live chat that you should only buy a home that is 2.5x your income. Amen my friend. We bought our house in 1989 at 1.5x our income and never moved up to raise our family and sent the kids to college with no student debt. Using a multiplier of 4.5 - 5.5x your income you become an indentured servant for 30 and dare I say 40 year mortgages.

[@underleft]

Good luck pulling that off.

[@OtisFlint]

Average family income is under $80k. A cheap 2 bedroom starter house in my area, which is desperate need of repair and renovation, is $400k. Good luck with that 2.5x thing, can't even get a trailer on 1/4 acre for 2.5x average family income.

[@leslieanneDC]

these days this is near impossible in most locations

[@TypicalGamerNerd]

Good for you. It’s 2024 by the way. Average income is $59,428 & the average sale price of a home is $420,800. That’s 3.5x for a two income household.

[@amyhudson1016]

People should speak with their wallet and refuse to not overpay, which is what everyone is doing of course. Blind leading the dumb

[@lisalove8526]

I am not buying. #DONE. Until sanity returns to pricing.

[@bpb5541]

I am going to make so much money on the stock market crash, I will be able to buy 3 houses for my kids!! I can't wait.

[@danieluva2848]

Nice to hear sanity for once!

[@iktr109]

Todd, you are a very good educator and you show what it means to be a man with a conscience.

[@Willfully_Ignorant]

You have been saying a housing crash is right around the corner for over 3 years now so how do you square why I should believe what you’re saying about a housing crash?

[@bpb5541]

Well don't then. Why not go out and buy some more properties right now? Put your money where your mouth is. If not stop watching and find something that fits your bias. Things that make you uncomfortable are usually the things we need to pay attention to the most. Fight your personal bias, it can get you into trouble. You will know in about 2 to 3 years and then you should come back on here and apologize.

[@huynguyentoantin]

@@bpb5541not believing in a housing crash does not equal to going buy a house right now

[@jcdebbs]

I think it's mainly due to this type of events taking years to unfold. The signs started back in 2021 or before? And you can never fully predict how far a government is willing to go in order to prop up the economy such as the bank bailouts in March of 2023. Which can lead to an even longer delay of an expected downturn. Either way you can never been too cautious with your finances hence why so many of us find such videos so useful.

[@MohammedShabeeh-oi2kh]

It’s coming, going to take another 2 years. Fred Harrison predicted bubble burst in 2026. His previous 2 predictions come true. Read 18 years property cycles. I believe it willl happen when Can, can not be pushed down the road. First they will de-value currency then market crash!!!!!!!!!!! Been victim of GFC 2008 , learnt hard lesson.

[@Ja56780]

@@jcdebbsNot to mention most forbearances ended not too long ago. If they don’t kick the can down the road any longer we should see sooner than later.

[@jpsmith9452]

What happened to Mellissa?

[@that1redhairedguy]

She got a new job. I liked her too.

[@that1redhairedguy]

She had an episode where she said goodbye.

[@jpsmith9452]

@@that1redhairedguy thanks for clueing me in.

[@briandonoghue1557]

Towards the end of your podcast, you mentioned agents that put in offers without ever having seen the property. As a broker, one of my major pet peeves would be agents/brokers that do not show for the open house and then want to place an offer while having zero clue about the property. That's not repping your clients properly. I look them up in MLS, and typically, they do maybe one or two deals per year. Maybe.

[@jesserodriguez2787]

I think they need to regulate monopolies on investments firms like black rock. How can they be able to own stakes in the farm, farmer, cow, milk, carrier, and store

[@Neighborsteve-e7q]

I don't see much of a price drop. I just see expensive junk on the market . The guy I sold my home to said he has been waiting ten years for prices to drop. I sold my home on Facebook last year . Saved $30,000 in realtor fees. Title co required MLS contract.I downloaded one online. a cocktail napkin is legal. But title co in bed with realtors. Show home sold on MLS,but didn't say by owner. Everything is corrupt these days.

[@blairakana9984]

Exactly. No one person should be able to fiat homes for investments against a person who’s just trying to buy a home for his or her family to live in. Or they should have a limit or cap on how many homes one person can buy.

[@bpb5541]

You are talking about rigging markets. This never works out well. We in America believe in free market capitalism. The real issue is all the money that the government has printed that has benefited the corporations and the rich folks . Rich folks own are politicians until that is fixed we will continue to have issues. At some point we get a "fourth turning" event. I recommend you read that book.

[@jamesstudy686]

You are spot on with everything you say. I renovated a kitchen exactly the way you said for an insurance claim repair after I had to fire the insurance company contractor due to poor workmanship. Everything ordered, inspected and staged before I started work and many items needed reordered. I drove 2hrs round trip to the cabinet shop at least 5 times for contract signing, and picking up replacement parts.

[@RS-we7lx]

You hit the nail on the head. There are a lot of cost that are increasing with home ownership. Insurance and tax. 👏 Thank you for bringing it up.

[@bersig]

The market price of the house my parents bought in the 70s was $48k back then. Now it is older, needs a lot of work, and was just appraised (as-is) at over $1M. There is absolutely no way the house is actually that much more valuable now than back then. It is clearly the value of the dollar that has declined. By my calculation that's an average inflation of about 7% per year compounded yearly for the last 4 decades.

[@olabeaman3383]

Wow!

[@vanderumd11]

It's not the home it's the location

[@karenjensen2345]

My son did 2 bathroom remodels/renovations because he doubled the size in a 1920s craftsman house, and my son in law is gutting and renovating a trailer. Both found contractors who could start immediately and had multiple calls and all could start right away. Mpls market. So do they not have work right now???

[@at-331]

Thanks for the deep dive on the inventor in MLS. The truth is always in the details.

[@bunsguns8222]

The hotel I'm at just got keys to work today. I think it's a test. If things go south, no money, no communication, no travel, makes it easy to keep the surfs in check.

[@nitemoves3157]

Good stuff, man I don’t even look at a property until it’s been on the market for 30 days. No bidding wars there.

[@JohnDaniels]

The price/value of the homes are not going up, the purchasing power of your money is going down thanks to the FED and Government Fiscal Policies

[@cryptopeter1]

Good show mate. Mom and I are here in the Villages Florida and she's wanting to pay cash for a new home. I think the market is going to drop substantially but can't get this through to her. Avg price per square foot is dropping significantly. Any ideas?

[@Gadfly2025]

New construction is cheaper than used houses now . They have power and incentives like lower % mortgages, ability to discount lower profits

[@bpb5541]

I think the builders over built. There is a lot of shadow inventory. Prices got so high that no one is buying now. They are in real trouble right now. Wait until people figure out that shadow inventory is out there. And if they are being sneeky... what do you think Wall Street is doing. In bubbles scams and theft goes up ... classic indication of topping markets. We are getting close now.

[@Ja56780]

Imagine that a new home can’t sell even with very low rates and with no closing costs (around nine months of inventory). I don’t think rates lowering a bit for existing homes will matter.

[@ZazaMarkle]

And the quality sucks!! Believe me as a person who owned multiple old and new ones , after 2007 the quality down on so many new construction, especially soundproofing

[@zunetrucker]

The guy who called in. Wow. 140,000 home …..nothing in phoenix that price

[@TravisPluss]

How do the doors NOT have a physical key backup???

[@bunsguns8222]

They have batteries so the keys still work, at least the master does. I think the issue is with the computer down they can't generate new keys.

[@tunomi36]

Great content Todd. On another note, where's Melissa? 😢

[@Ride-Fly]

Thats disgusting that government leeches get 50% off. They already get a pension and dont have to save for retirement. Dont have to worry about health insurance. Get to retire earlier than the citizens who reluctantly pay for their over priced inadequate services.

[@amyhudson1016]

The rules on that need to change. That is not equitable and makes out non govt workers somehow contribute less to society. Which we know is BS. Govt departments are nothing more than sheltered workshops

[@yepdontcarebud]

50% off what?? Lol we don't even get 1% off of anything lol think someone is taking you for a rage bait ride...

[@Ride-Fly]

@@yepdontcarebud 50% off HUD homes he mentions in the video

[@bpb5541]

If you know how to make a crap ton of money 50% donesn't matter really. But if you only make 50k a year... of course it matters. Depends on where you are at in the food chain. If you are in the bottom part, I would suggest figuring a way to get out of that into a much better income stream. There are lots of books, and ways to do it. But none of them are easy. I think a lot of folks balme their situtaion on anyone but theirselves which means they are doomed to live that existance.

[@cogitoergosum75]

This is why you need to vote Trump.

[@khutzey4149]

ADHD is not serving the human race well; by design. I heee to listen all the way through - every single time. Rule #1 - create a life that is conducive with you soul, hear and spirit. I learned this from my adopted mother when I was in my 20’s. Not always easy. Takes sacrifice AND hard work! Love your podcast Todd. Never once have skipped our early. We cannot learn in 20 second soundbites.

[@timeforachange-i3s]

For the HUD home located at 6012 Clairemont Drive Owings, MD if someone were to buy this property you should have EXPERTS do the home inspection not a home inspector. For example, a HVAC, Plumber, Roofer, Electrician, Mold Remediation, Foundation experts should inspect this property. Too many banks and government agencies will try to mask problems with paint and new carpet and then you will forever regret all of the items that home inspectors fail to report.

[@susannaschnell4147]

Exactly! Happened to us in Colorado. One month after closing and moved in, we all almost died from carbon monoxide. Furnace and hot water heater both leaking . Utilities came in and red tagged both. We should have sued the inspector.

[@alyross2850]

They are absolutely trying to stop “work from home”. Local and federal governments are incentivizing companies to utilize downtown office space. They think it will help their failing cities. And remember….they want you all in the cities…working AND living. I’m am certain there are people out there who work very well from home. But as someone who is self employed, I can tell you that you can’t shop on weekdays anymore like you used to. The area I live in isn’t growing, but cars bumper to bumper 8 am to 7 pm. Are these people unemployed, or are they running errands on company time?

[@veronicalyday2388]

Social media people generate income order online but nothing towards brick ànd mortar

[@vanderumd11]

They understand companies will hire OVERSEAS, what don't you understand. The average person is AVERAGE.

[@garycronin209]

Maybe I'm wrong, but I thought I heard that job gains in 1st 1/4 were 60% government jobs. With layoffs slipping in these past months...do the math.

[@nikogio38]

Last 3 years government jobs 🎈🎈

[@garycronin209]

@@nikogio38 Thank you for the update & He. balloons. Been out of touch with USA & I'm looking for a place there. Trying to decide on AK or maybe ID, living in Norway for 30 yrs...been missing Willow, AK (bet you can't find it on the map)...?

[@Mike_Phoutrides1611]

Love this! Thank you for showing us all this on HUD and the MLS.

[@bethanyw777]

Redundancy is also on every company to have for their own systems. Sadly many smaller companies do not give much attention to Disaster Recovery plans for their systems.

[@tuhingatoha1134]

Really appreciate your honesty and forthrightness Todd.

[@theritaradar]

Thank you for putting out such valuable content. I will continue to listen to you because you are an honorable person. What is wrong with being a 1099 worker? You can still make a good living and work the hours you want to work. You never have a boss telling you when your scheduled. I too am disabled and need to work from home or I cannot work.

[@saiyanveins]

I am in my late twenties and man I just love your content, it's like your speaking directly to me as a first-time home searcher. I am so hesitant to get a house in this market.

[@ricliu4538]

Wells Fargo Las Vegas lending center are Laying off 130 employees this week...You get it?

[@vanderumd11]

Especially when the investment companies are bailed out by our tax dollar. This is the issue

[@judithgarcia6468]

Hopefully we see the change soon.

[@pdotdollarsign]

Houses ain’t coming down ever. The ship has sailed. I’m renting a dumpy apartment til the rent goes to high and then buying a RV to live in hopefully I’ll die before the rest of inflation makes me homeless and starved

[@carllachance3512]

The housing market in Missouri is really messed up. They're not trying to sell the houses by the real square footage of the inside living spaces. They're using the outside square footage measuring from around the building. Some of them are using the extra square footage from people building rooms in the basement without egress windows or closets. All of these homes are post-war houses from the 40s and 50s and the real estate agents and the people are marketing them like they're in a brand new homes. The HVAC systems the roofs the windows are all outdated. And a lot of times you were unable to get insurance on these homes because the roofs are so old and HVAC systems are out of date . And people are backing out of a lot of contracts.

[@scottbonata5145]

If they crash the systems they can't Track us. SO think about it.

[@danobrien155]

Thanks Todd 😊 Great inside on HUD & so much more 🙆

[@pjnewton1014]

I recently had to cut down a huge old pine tree in my backyard. I noticed it looked different, but overall it seemed ok to me. It was not until I pulled up picture of it from 10, 8 and 6 years ago that I was like "oh, wow that thing used to look so much better! Its clearly slowly declining." I got an arborist out who confirmed I should go ahead and remove it before it removes me..... I imagine the housing market is like that. You realize a difference but you will not see the difference right away. Its a slow death like the tree

[@arose1620]

Idk who in my brokerage listens to this podcast but I sure hope it’s not just me

[@amyhudson1016]

These videos are really long but they go by in a flash!! Another great show ❤❤❤

[@thelampstands8181]

The question never asked how can one company have so much control

[@gottasay1157]

because they were allowed to

[@bpb5541]

Well we the people allow companies and rich people to give our politicians money to run for office. That means those rich people own them. Until that is fixed, the rich keep getting richer and the poor and middle class keep getting poorer. At some point there might be civil unrest. I mean if you read the book "the fourth turning" it talks about all of this stuff. I think we are in the middle of a "fourth turning" right now.

[@Socalledelitist]

I'm not sure if I missed it, but where is Melissa???

[@PAW2K]

Incomes have not gone up at the same rate

[@zunetrucker]

Right. Not even close

[@laureeotero2745]

I’m thinking of selling my house that I thought I was going to live in this state for ever. Well I don’t like living here and want to move from this state. I was thinking about waiting until march of next year? The agent keeps saying New Mexico never has that bad of a market drop. I just don’t believe this at all.

[@suemilkbone4868]

Excellent video, Todd. Thank you. I would be interested in your course about selling your home without an agent. I will probably still use an agent, but I will know a lot about what goes into selling a house before I start my real estate agent interviews.

[@SachsRealty]

Thank you.

[@eemapalmer530]

Miss your great reporting❤

[@alyross2850]

I hate the “price cut, bidding war” percentage metric. It tells you absolutely nothing. It has zero to do with value of the property and what you can expect to pay for similar properties.

[@lavoisier2815]

We need more Benevolent People in every aspect of American Society.

[@redarbz6545]

People who keep saying housing collapse, there will be none… you can rent out your house for a lot more than your mortgage, you can just rent it and go move somewhere else

[@MasterRoss-sn7dl]

That’s not feasible for everyone

[@kraxkill4747]

Pull up the m2 if you’re really interested and you’lol see why home prices are where they are and going up again. It’s so simple.

[@bubblyboy78]

I am really waiting to see if prices would drop in Howard county or even Frederick?

[@pnice494]

I loved the solo Todd, missing Melissa to add that soft touch, but great show this week. That was good for the community ti get your long form prospective Todd. You had so much time, you didn't have to rant lol.

[@SachsRealty]

Appreciate you 🙏

[@ThinBlue82]

This was a fantastic video!! Super informative!!

[@Allthebest1010]

I don’t like the thick hot chocolate- they serve that in its and sometimes in France. I had a very memorable hot chocolate at Wimbledon section of London at a place called Aubaine in 2016- yrs I still remember it…

[@SonnetGomes]

Great video. This will soon to be turning out to be a buyers Market. I live in Hunt Valley, Maryland. The inventory is very low, and the prices are ridiculous, but I have seen huge price drops recently. There will be more price drops in the upcoming years. All eyes on the labor market and the layoffs which are already in motion. A few forced sells, and the prices will drop, but it will take time. Everything seems frozen right now. Thank you for another great and informative video. PS: I am planning to move to Shrewsbury, PA. Homes are so much affordable in PA, but they are such high property tax, I am not sure if i would want to pay that much yearly. Any suggestion on PA housing market?

[@user-wq7yc2om3d]

For what it's worth, I live in SW PA and property taxes are out of control and it's not going to get any better

[@jcoverload]

Gotta love the folks that keep the illusion going

[@cryptopeter1]

Crowd strike CEO MUST STEP DOWN.

[@zunetrucker]

When will Home prices go back to 2019 prices ??? I’m in Phoenix 🌵

[@PaulSianRealtor]

Higher interest rates don't automatically mean high inflation. You have had experts on in the past who would refute that.

[@EcceHomo1088]

MH 08 made up that 650,000 dollar number... 10,000 in 1940 calculated with inflation is 226,000...

[@_aNew42]

Thank you so much!

[@tcboes]

I am a registered Architect in several states, and designs included single family homes. I'd be happy to help your subscribers by answering questions or providing technical opinions about home design.

[@ZazaMarkle]

Where i live is prices always pricey 😂😂

[@emilo81]

How many videos have you made predicting a housing crash that has not come true.

[@veronicalyday2388]

We live in State of The Arts of illusion denial our downtowns are full of empty office spaces commercial real estate brick and mortar are in hostile takeover it is Proud Mary we give it to you slow and then ...... It is an Ecosystem how many red flags do you need

[@bunsguns8222]

Just flip a switch right?

[@kenhornbuckle971]

Hey Todd, hope all is well and thank you for the great shows. Wanted to know your thoughts, in the coming months will it be cheaper to build or buy. We sold our house last November and have been waiting on the sidelines trying to figure out what to do.

[@kenhornbuckle971]

To add on to that we got a quote from Lindal homes and they said 300-500sqft, my eyes bulged out.

[@Sedonaranch]

Appreciate your honesty!

[@Garage23]

Its nice hearing from everyday people like Dan

[@stevebernard1666]

Thanks BP

[@thomasvarughese118]

You keep talking and wishing on a crash, but sellers and buyers in Jacksonville, FL missed that memo

[@user-ul5gu2wy6q]

Do we need to pay to see the hud homes?their asking for my credit card!

[@BlueWaterSTAX]

You do amazing work Todd. I wish more American's had your abilities. Thanks and God Bless 👌

[@Peter_Wang]

Im just sitting here waiting to close on 8/16.

[@TereseLeigh]

Congrats!! 🎉 We close on 8/1

[@SirSoylent]

Another great show! Please PLEASE consider an interview with @economicninja / realestateninja. I think that this would be a very interesting discussion between both of you that would benefit your viewers.

[@kristina-oy3zs]

Yes my husband and I were affected by crowdstrike outage. 2 millenials w white collar jobs and Ivy League educations that are broke. Lol. We’re not all bums according to Sachs. I do know a hell of a lot of boomers that have been on disability their whole lives and could afford houses tho ! 😅

[@baabaabathsheba9107]

I had a free ferry ride because of the Microsoft glitch. I always have money on me but the ferries recently switched to card payments and now make a fuss if you try to pay by cash. That day they suddenly wanted cash but I said I didn't have cash on me so they had to let me go for free (as with many others). This was in Cornwall UK. In Cornwall locals tend to carry cash because they know there are lots of signal blackspots and so card machines won't always work. People need to wise up.

[@stephengeorge3507]

Had a very dear friend I grew up with,cabinet maker, was doing a kitchen renovation, him and his helper were getting high,shooting dope,and he didn't do a lot of it,the lady came home,my friend was DOA,EMS revived his helper,I don't think that lady will forget that renovation from hell,my friend had a one yr old,I miss him,I serpose that puts this market collapse in perspective. ✌️🙏

[@bearcreekrealtyholdingsllc3953]

I'm selling a home in Colorado. I've had to lower my price 2X already in 2 months. There a very few viewings, a lot of tire kickers, wasting our time.

[@johnhandley72]

8400 computers down? We had 26000 just at my job

[@laureeotero2745]

Where’s the link

[@scottstankis69]

I did. I sold my house in 2007

[@lolux6577]

Where’s your over qualified secretary

[@sandrajohnson2832]

House in my San Antonio Texas neighborhood sell within 37 days..

[@JohnDaniels]

The FED normallys drops rates going into a recession.

[@chriswb7]

@@JohnDaniels EXACTLY. Higher rates for longer would be much better in shoring up the strength of the dollar. But the Fed doesn’t care about the strength of the dollar…

[@jvick953]

100% Thats how it works for the 27/32 year olds waiting on the sideline. During a recession, they will be jobless. I'm old enough to have gone through the great recession I did construction. I would of bl*wn someone for a job at the donut shop.

[@msingleton]

Raising rates is supposed to be deflationary because it’s supposed to discourage borrowing. Low interest, cheap and easy money is what really causes inflation. The pandemic was a perfect example of that.

[@doctordemento965]

if you're a seller and you didn't downsize.... you gained nothing. If you sold a property at inflated values and moved into a lower end property.... that lower end property is also going to decline in value proportionate meaning your new 'cheaper' home is about to be worth a lot less also. There is no upside to buying in an inflated market unless you are a CORPORATION who made block purchases like blackstone ( complete evil...) or you were an investor who bought up multiple homes and flipped them and are now getting out which is EXACTLY what they are doing.... dumping. Bottom line is... housing prices are going to NORMALIZE. That's not a bad thing at all.

[@austinsmith822]

If anyone in the comments thinks that we are in a housing bubble you all are plain wrong…… there are so many 27/32 year olds that want to buy a house that are simply on the back burner because of interest rates as soon as interest rates go down just watch what happens there just no enough builders to keep up with demand it’s just plain and simple and the only reason people aren’t buying right now is just the simple fact that interest rates are to high and let’s not forget here people 4 years ago you could get a 30 year mortgage for 2.7% with good credit imagine how many people refinanced there home they could simply rent the house out and never sale and be just happy….

[@dolphinsfan19as]

You’re an idiot

[@zunetrucker]

Still waiting on a ReVenture consulting collaboration

[@judithgarcia6468]

I don’t see prices dropping in Vegas.

[@zunetrucker]

Happened. Before

[@susannaschnell4147]

Yes do tell! They, he knows exactly what the issue is! More to come guaranteed. No coincidence, thats fact. Much information available. If you search on who's involved and the years preparation for the big Friday advent.

[@quixomega]

Anyone who thinks the Crowdstrike issue is intentional is wrong. No company is going to do that, the cost is huge, they might even go out of business. Companies don't do things for nefarious purposes that do counter to their primary interests. Conspiracies that don't result in the actors benefiting greatly are just stupid. No one is going to destroy their assets to affect changes that don't benefit them more than their losses.

[@TheInterwebzMan]

Where is Melissa? #melissagate

[@mikemmoon]

Appreciated the info on the housing market but felt content around Crowdstrike were definitely conspiratorial and not relevant.