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housing prices peak 2


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2022 Apr 29, 9:29pm   603,044 views  5,669 comments

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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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5665   AmericanKulak   2024 Dec 5, 10:48am  

Now homeloaners with 50 year old houses need to follow the car dealerships lead. We need 30% more, but 10% will do for the new year.
5668   WookieMan   2024 Dec 9, 1:18pm  

ID is next. Maybe MT. AZ at this point is semi bullet proof even though it keeps going up. CO is in the cross hairs. Nashville area is going to get the shit beat out of it in my opinion.

Vegas/NV I think does okay this time. CA I have no clue with all the Asians and illegals. San Diego seems fine. Everyone is moving out of LA though. I don't get any appeal in the Bay Area outside of a job. The weather is not all that great there. No snow, but foggy and a bad vibe.

Midwest, my area I think has a 10% floor IF it goes down at all. Chicago still has some room to lose and Milwaukee. Indy I'm not super familiar with or Detroit as they're trash cities.

Any correction is going to be minimal. Most people are locked into low interest rates. No point in moving unless you bought small and started a family. Hence why we're building. The new payment is trivial for us although it will be triple. Fucking permits need to come in tomorrow though. I've been a complete ass hole. Turnaround on this stuff is 48 business hours in my world. We're going on 6 weeks now. I want to start punching people and it might start tonight if I can make the village board meeting if I can bail early on mine.
5669   AmericanKulak   2024 Dec 9, 2:50pm  

WookieMan says


Most people are locked into low interest rates

Job Relocation, Divorce, Job Loss, Health & Death, and Retirement...

And the first four are not up to the homeloaner in most cases.

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