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D.R. Horton’s stock dives as lower prices for new homes hurt profits
There never was a free market, there won't be one in the future. Everything is rigged and manipulated.
Do you give a damn about your progeny? If I remember correctly, you are an immigrant. Maybe that's why you think the way you do. You aren't a real American. That isn't a knock on you, I'm just making an observation.
The solution is Georgism, the single tax on land values and no tax on anything else, especially not income or sales.
The solution is Georgism, the single tax on land values and no tax on anything else, especially not income or sales.
zzyzzx says
This is true.
House prices, which are mostly land prices, cannot rise forever. Eventually there will be a revolt, or just demographic devastation as young couples find they simply cannot afford to have children because they have nowhere to live.
The solution is Georgism, the single tax on land values and no tax on anything else, especially not income or sales.
homeowners will begin renting out their homes to retain the properties on which they have low mortgage rates
AD says
homeowners will begin renting out their homes to retain the properties on which they have low mortgage rates
Renting out a house financed with a homebuyer mortgage used to trigger a balance due clause on that mortgage. Has that changed?
Renting out a house financed with a homebuyer mortgage used to trigger a balance due clause on that mortgage. Has that changed?
With the National Association of Realtors (NAR) reporting a slump in existing home sales and a surge in median sales prices last week, Schiff, on his The Peter Schiff Show podcast, pointed to a potential trend in the real estate market in which homeowners will begin renting out their homes to retain the properties on which they have low mortgage rates versus selling on the open market, which would cause them to take on a new mortgage with a higher interest rate.
Once the inevitable demographic shift begins - the Boomers becoming infirm or dead due to old age and the need to downsize or have the kids that live several states away inherit - the rental stuff will stop working.
How would they find out?
HeadSet says
Renting out a house financed with a homebuyer mortgage used to trigger a balance due clause on that mortgage. Has that changed?
Veteran Affairs allows renting as long as the owner lived in the home such as for a year.
...
RE stats? Melody’s got’em.
https://wolfstreet.com/2024/01/25/prices-of-new-houses-drop-to-2-year-low/
UkraineIsFucked says
https://wolfstreet.com/2024/01/25/prices-of-new-houses-drop-to-2-year-low/
How can this be true when I keep seeing analysts saying prices are increasing?
D.R. Horton Inc (DHI.N)
debt slave lemmings can get into 30 year shackles again.
You want the RE stats? Melody’s got’em.
https://www.youtube.com/watch?v=3sskye2Nskc
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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.