Money & Economics
- Thread starter bigredfish
- Start date
mat200
IPCT Contributor
- Jan 17, 2017
- 17,764
- 29,923
Who knew, only the rich who are building these Data Centers...
And if that weren’t enough…,
www.thetimes.com
Bank of England must plan for financial crisis sparked by aliens
A former analyst at the central bank has urged governor Andrew Bailey to put contingencies in place to prevent collapse if alien life is confirmed
www.thetimes.com
US, China, Europe all want to want to win at this new AI competion, so they all put super crazy money to it. Sure have bubble, but the AI will change the world big.
This would cause prices to drop. That's not happening in most areas. Something is wrong here.
You can check the numbers yourself.
Actually they are especially in Texas and Florida.
It’s a bit complicated. Current owners sitting on 3% mortgages don't want to let go, and they dont want to sell for 10%+ less than what they were told its worth just a year ago.
Last edited:
But this is nothing new, that is, interest rates were even higher during Biden, I knew of 3 home owners that told us they did not want to get into a higher interest rate on the replacement home, even though they were told you could refinance when rates lowered. What changed? Since the prices continued to climb, more houses went up for sale with Realtors telling them the extra money they would sell their house for would even out for the higher interest rate. What is happening is since there is such a large inventory of houses for sale, people are choosing to sell for less. It is a Buyers market...
There's a 6+ month delay.
By June, you'll see those who have to sell dropping prices by 20%.
Its kinda like the market, prices/valuations are stupid high and can't be supported much longer.
What goes up must come down.
By June, you'll see those who have to sell dropping prices by 20%.
Its kinda like the market, prices/valuations are stupid high and can't be supported much longer.
What goes up must come down.
Our granddaughter just bought her first home, closed a week ago. Katy, Texas, a huge area. Prices were pretty much the same as last year from us checking the subdivision, but what we found strange was the one story houses were selling in less than a month but the 2 story houses were on the market longer. She bought a one story that was only on the market for a week. Did she get a good deal? Hate to say no, she paid more for the same year house as what we had, even a couple of sq. ft. smaller and no pool. But it is her first house, it is close to where she works. We are proud of her, she is in her mid-twenties...I was in my late twenties when I bought my first house.
