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^^^^ part of your tune is changing definitions. Once again, you got caught but insist otherwise.
Oklahoma isn't on the coast.
Some are not on the coasts.
https://www.yahoo.com/finance/news/sellers-flooding-home-market-while-175657593.html
The bulk of the loses is in coastal areas
WookieMan says
The bulk of the loses is in coastal areas
More of you twisting things around because you can't admit you were full of shit.
https://finance.yahoo.com/news/falling-rents-could-good-news-145527021.html
Falling Rents Could Be Good News for Inflation
More of those 'coastal states (only)' taking hits in the R/E!
More of those 'coastal states (only)' taking hits in the R/E!
Coastal markets drive the national narrative. It's not even a debate.
Coastal markets drive the national narrative. It's not even a debate.
WookieMan says
Coastal markets drive the national narrative. It's not even a debate.
Keep posting gaslighting bullshit because you can't admit you were wrong in your initial statement.
WookieMan says
Coastal markets drive the national narrative. It's not even a debate.
Keep posting gaslighting bullshit because you can't admit you were wrong in your initial statement.
What props up those regions like in California ?
I don't know of any municipality or agency within California that isn't facing a fiscal crisis. And that's in an up economy.
Looks like the Case/Shiller had another up month (new record high) recovering from a slight downturn from the previous 2 months.
The City of Los Angeles has a $1 billion+ city budget deficit,
EBGuy says
The City of Los Angeles has a $1 billion+ city budget deficit,
Thanks for a very well-written post EBGuy. I wonder if the respective muni bond ratings will suffer.
Don't understand bonds, but they'll just raise property taxes. That's what they did in Chicago when pensions were on the verge of collapse.
WookieMan says
Don't understand bonds, but they'll just raise property taxes. That's what they did in Chicago when pensions were on the verge of collapse.
Can't do that in LA or even the rest of the cities. Prop 13.
The City of Los Angeles has a $1 billion+ city budget deficit,
San Diego is over $300 million in debt.
The City of Sacramento has a $66 million budget deficit.
San Francisco has a $876 million budget deficit.
Oh ffs!
Yeah, but now they'll have to disclose information on their bitcoin and will likely need to keep it in an exchange. Complete opposite of what everyone claims that it is safe and secure. You'll have to give access in my opinion for them to take it as collateral.
Stupid though by Fannie and Freddie,
If bitcoin is used as collateral, will banks have some type of margin calls on the dips
is this scam real? our own government is openly scamming us?
https://www.dailymail.co.uk/real-estate/article-14839107/florida-condo-law-home-values-hoa.html
Condo owners wake up to grim reality that their homes are worthless
In Boynton Beach for example, a two-bedroom, two-bathroom condo at Hunters Run Country Club with access to a resort-style pool and high-end amenities is selling for just $10,000. The owner paid $60,000 for it in 2001. It's now worth $3 per square-foot.
On Marco Island, a one-bedroom, two-bathroom condo complete with water access at Sunrise Bay Resort is listed for $9,000.
I want to know the monthly fee on those units.
https://www.dailymail.co.uk/real-estate/article-14839107/florida-condo-law-home-values-hoa.html
Condo owners wake up to grim reality that their homes are worthless
In Boynton Beach for example, a two-bedroom, two-bathroom condo at Hunters Run Country Club with access to a resort-style pool and high-end amenities is selling for just $10,000. The owner paid $60,000 for it in 2001. It's now worth $3 per square-foot.
On Marco Island, a one-bedroom, two-bathroom condo complete with water access at Sunrise Bay Resort is listed for $9,000.
I want to know the monthly fee on those units.
You do know these are trailer park type communities? I wouldn't touch a condo in FL unless it has a view on the beach. Most are trash.
You do know these are trailer park type communities? I wouldn't touch a condo in FL unless it has a view on the beach. Most are trash.
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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.