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7285
AmenCorner_AntiPanican
2025 Dec 19, 3:50pm
AmenCorner_AntiPanican
2025 Dec 19, 3:50pm
MolotovCocktail says
Yep. Eventually life changes and reality will overwhelm the ability of stubborn homeloaners to list and de-list, stomp their feet, try to rent, be disappointed with that, and finally accept reality.
They are in the "I'm entitled to peak pricing! Home prices only go up!" phase.
And no, institutional ownership of homes is not a factor; the big boys have been selling off in slices since 2023 and are mostly concentrated in a handful of metro areas. Their total ownership of about 10% is less than "Mom and Pop" landlords (20-30%) and a tiny proportion to house and houseloan owners (over 60%)
The Houseloan owners are the most important segment, they are making big payments that if they stop, the bank will repo "Their" house. Yes I know about property tax, but the big one is the House Loan.
Yep. Eventually life changes and reality will overwhelm the ability of stubborn homeloaners to list and de-list, stomp their feet, try to rent, be disappointed with that, and finally accept reality.
They are in the "I'm entitled to peak pricing! Home prices only go up!" phase.
And no, institutional ownership of homes is not a factor; the big boys have been selling off in slices since 2023 and are mostly concentrated in a handful of metro areas. Their total ownership of about 10% is less than "Mom and Pop" landlords (20-30%) and a tiny proportion to house and houseloan owners (over 60%)
The Houseloan owners are the most important segment, they are making big payments that if they stop, the bank will repo "Their" house. Yes I know about property tax, but the big one is the House Loan.
7286
HeadSet
2025 Dec 20, 1:56pm
HeadSet
2025 Dec 20, 1:56pm
AmenCorner_AntiPanican says
You may be part of that "habituation" if you think 6.2% is normal. 6% is more like passbook savings while mortgages over the decades averaged more like 7.5 to 8%. And mortgages typically required a down payment.
I like a 6.2% interest rate. Good and normal.
People are too habituated, too addicted, too mentally enslaved to too low interest rates
You may be part of that "habituation" if you think 6.2% is normal. 6% is more like passbook savings while mortgages over the decades averaged more like 7.5 to 8%. And mortgages typically required a down payment.
7287
HeadSet
2025 Dec 20, 2:03pm
HeadSet
2025 Dec 20, 2:03pm
Ceffer says
Well, they would get you as a neighbor.
A place three doors down in Santa Cruz, which is reasonably priced for what it is in California, hasn't sold for six months and it's staged very nicely.
Well, they would get you as a neighbor.
7289
Glock-n-Load
2025 Dec 20, 5:16pm
MolotovCocktail says
What else needs to be known that proves our economy is totally managed? Especially all of the most important parts/industries. The ones EVERYONE needs.
https://x.com/onechancefreedm/status/2002164275041702380
What else needs to be known that proves our economy is totally managed? Especially all of the most important parts/industries. The ones EVERYONE needs.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.