RE: Most of the Wealth People Think They Have Is Their Home, Especially Baby Boomers
You are viewing a single comment's thread:
We see some of the leading indicators in San Francisco, Austin, and other over valued cities. Lots of price cuts overall.
As another antidotal thing is that I have a couple friends in the LA area and they used to get a lot of Instacart orders. Now they can go almost all day with no orders.
0
0
0.000
I have heard of house sellers having to drop $200,000 off the price to get people to even come look.
The housing market is like an airplane that has stalled, its still sitting in the air, but not for long.
And yeah, people tightening belts. Like, all at once.
That's brutal.... $200K reduction. There seems to be a lot of strikes going on and ultimately it's hard saying when the whole thing will completely fall out. If people dig deep they start to see the holes. Obviously mortgage brokers and real estate agents are destitute at this point.