Money & Economics

[David L]

You want local isolated stories?

I sold my place in fall of 2022, 3 years ago, at the top. Not a single house on the street has come closer than $50K from my selling price, and I sold in 4 days (over a weekend) and still had people calling in bids from NY days later. Probably left $30-$50K on the table.

I was down there last week, 4 houses for sale, all have been sitting 60-90 days and dropping price by $10-15K every couple of weeks now.

It very much depends on where you are

LOL, no I can get my local stories here

Once again my post is not against you nor what you post. Just commenting on what I see myself, hope that is still ok to do here
Every year I have seen articles/news that the housing industry will explode, like 2008. Time will tell, we may see another 2008 in our lifetime, who knows. So far our property value is still going up, which being paid off only make us pay more taxes

When we were selling our old home we went through, well was eyeing the lawsuit against the NAR, the multi-million $ settlement happened in the middle of our listing. We were hoping it would some how allow us to not have to pay as much to the Buyers Realtor, but the timing didn't work out for us, we still had to pay 6%, our Realtor got her 3% and the Buyers 3%, which in my opinion is too much...now adays Realtors don't work as much as they use to prior to listing now being nationwide on the Internet, or should I say they work differently I guess.

But what do I know, nor do I care much anymore, home ownership isn't cool anymore, if you ask a young person...

We are watching "Justified" where family names meant something and is worth protecting, young people now don't care, they only see the money of the sale of their inheritance not realizing land is solid, money burns...family names mean nothing to them. Out here a family name is proudly welding on entrance gates...this is changing...

 

[tigerwillow1]

It very much depends on where you are

Yes. The sad thing is that the liberals with apparently too much money are leaving the big cities they helped turn into hellholes, going to the smaller places, running up the prices, and continuing their mission to create hellholes. My county was solid red until a few years ago, now heavy blue.

 

[David L]

Yes. The sad thing is that the liberals with apparently too much money are leaving the big cities they helped turn into hellholes, going to the smaller places, running up the prices, and continuing their mission to create hellholes. My county was solid red until a few years ago, now heavy blue.

Met a guy from the city that moved here complaining about coons and hogs. He said hogs knocked down his feeder, lol I asked him why he is feeding deer, they are not starving...he looked at me puzzled, he did not realize that he is also feeding the coons and hogs with what the deer drop from his feeder. It was a good laugh for me...oh he did say he voted for Trump but is a Democrat, lol

 

[David L]

Yes. The sad thing is that the liberals with apparently too much money are leaving the big cities they helped turn into hellholes, going to the smaller places, running up the prices, and continuing their mission to create hellholes. My county was solid red until a few years ago, now heavy blue.

Yeah, these Karens (Libs) like to voice/spew their garbage in POAs/HOAs, town meetings and local Politics.

 

[David L]

Best financial advise you will ever get in your life:



Living Debt Free, other than taxes, is one of the best feelings in the world....to actually own something instead of the banks/mortgage companies owning you...need I say more...

 

[David L]

^^^ lol



Funny, just got this today...

 

[bigredfish]

^^^ lol

View attachment 227345

Funny, just got this today...

Yeah those are hilarious.

Mine goes back n forth 25 points every month with no change in spending, debt, or charges.

Pretty sure they throw a dart at a board

 

[David L]

Yeah those are hilarious.

Mine goes back n forth 25 points every month with no change in spending, debt, or charges.

Pretty sure they throw a dart at a board

Don't get me wrong, as Dave Ramsey states, you can't get into an Apt. without a good credit score. I miss the days before credit scores where the Creditor decided...instead of a Dart, lol

We still have locks on all three of the Credit Bureaus. We had to unlock them when we opened a new account at a new bank a few years back. We don't borrow anymore so keeping them locked is a good thing for us, plus it is free...

I remember locking both of my parents when they passed, trying to stop the crooks preying on the deceased, great world we live in...this was recommended by the Funeral Director...also had us send the death certificates to all 3 Bureaus...

 

[bigredfish]

Yep same on all counts

 

[David L]

From my son-in-law:

Gold just hit an all time high! Lots of talk about Trump re-valuing the gold held by the US. Currently, the gold held in the Treasury is valued at $42 per ounce, which was the value in 1973!
Even at that price, the US holds $11 Billion in gold. If Trump revalues to $3500 an ounce, we would have $917 Billion in gold!!!
That would help wipe out the debt and would cause another surge in gold prices!

 

[bigredfish]

Hope he does.

Wont put a dent in the $37 Trillion debt we already have, while continuing to spend $2 Trillion more than we take in every year. Which I guarantee will go UP!