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housing prices peak 2


               
2022 Apr 29, 9:29pm   850,492 views  7,367 comments

by AD   follow (0)  

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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.

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7365   The_Deplorable   2026 Jan 16, 10:03pm  

MolotovCocktail says
"Not enough and not fast enough. Still, some markets will be effected."

In 2025 ICE kicked out close to 2.5 million illegals... My take is that that is fast enough...
7366   MolotovCocktail   2026 Jan 16, 10:16pm  

The_Deplorable says

MolotovCocktail says

"Not enough and not fast enough. Still, some markets will be effected."

In 2025 ICE kicked out close to 2.5 million illegals... My take is that that is fast enough...


So they claim. And no. Impressive as that might be, not enough.

Estimate by Pew in 2023 was 14 million. No way. More like triple that amount, at least.
7367   AD   2026 Jan 18, 12:04am  

This townhome unit sold a couple of days ago for about 18% below its 2023 purchase price of $305,000.

It could have reasonably sold for $325,000 in 2022 when the 30 yr mortgage rate was below 4%.

I noticed sales picking up with the 30 yr conventional mortgage rate at no more than 6% and prices about 20% below 2022 all-time-high levels.

https://www.zillow.com/homedetails/1820-Annabellas-Dr-Panama-City-Beach-FL-32407/246091125_zpid/

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