patrick.net

DOGEWontAmountToShit says

https://wolfstreet.com/2025/01/12/the-most-splendid-housing-bubbles-in-america-dec-2024-in-21-of-the-33-metros-prices-have-now-dropped-below-2022-peaks/

Cities are going to eat shit. That was always a given. People don't want to live in them. Didn't predict our town, but we've had 10 houses built in the last 18 month. Nothing was built for 20 years prior. Mind you we only have 800 homes so this isn't earth shaking building, but we're getting city folks moving in from Chicago.

How will the LA fires affect Bay Area house prices?

On the one hand, maybe a lot of the displaced people will move up here, pushing prices up.

On the other hand, maybe a lot of people will just give up on California completely because we could have similar fires up here as well. Not to mention the very high tax rate, the utter incompetence of all the diversity hires, and the surge in crime as the flood of criminal aliens makes California merely an extension of Mexico.

Patrick says

How will the LA fires affect Bay Area house prices?

On the one hand, maybe a lot of the displaced people will move up here, pushing prices up.

I think they move out unless they like surfing. You can move to Reno, Phoenix, Vegas area and spend way less and still be within 4 hours drive or a quick flight. The value was in the land anyway.

DOGEWontAmountToShit says

https://wolfstreet.com/2025/01/12/the-most-splendid-housing-bubbles-in-america-dec-2024-in-21-of-the-33-metros-prices-have-now-dropped-below-2022-peaks/

But Inflation locked in duh high prices!

https://www.resiclubanalytics.com/p/housing-market-where-inventory-is-above-pre-pandemic-housing-inventory-levels

9 states are back above pre-pandemic housing inventory levels—these 5 states are getting close

https://finance.yahoo.com/news/ally-end-mortgage-originations-cut-161513045.html

Ally to End Mortgage Originations, Cut Jobs Across Company

zzyzzx says

https://www.resiclubanalytics.com/p/housing-market-where-inventory-is-above-pre-pandemic-housing-inventory-levels

9 states are back above pre-pandemic housing inventory levels—these 5 states are getting close

Some of you cats need to listen to me. This has been obvious for years. Popular spots have been overbuilt around 2018 or so. It's not interest rates. The inventory went up.

Patrick says

The real problem is that DEW effected matter do not quench very quickly and undermine ground to a good depth under the former structures. They create time related deterioration effects that are unpredictable. Might be OK for a home, but not for large, heavy structures for some time afterwards.

The reflecting pool 'memorials' at the previous WTC in NYC aren't there because they wanted a memorial on the valuable real estate. Clean nuke under the foundations as well as non-quenching DEWs with ongoing molecular effects made the footprints unbuildable. Those plots would continue to disintegrate and undermine any large structure built on them.