patrick.net

https://www.reddit.com/r/FirstTimeHomeBuyer/comments/1m07gu7/just_sold_my_house_lost_about_100k_for_it/
Just sold my house. Lost about 100k for it.

zzyzzx says

https://www.cnbc.com/2025/07/17/homebuilders-slash-prices-at-the-highest-rate-in-3-years.html

Homebuilders are slashing prices at the highest rate in 3 years

zzyzzx says

https://www.reddit.com/r/FirstTimeHomeBuyer/comments/1m07gu7/just_sold_my_house_lost_about_100k_for_it/
Just sold my house. Lost about 100k for it.

But, BUT...https://patrick.net/post/1383080/2025-01-03-housing-prices-will-not-go-down?start=113

https://www.realtor.com/news/trends/delistings-home-seller-june-trends-report/

Delistings Surge Nearly 50% as Sellers Who Can’t Get Their Price Quit the Market in Frustration

zzyzzx says

https://www.realtor.com/news/trends/delistings-home-seller-june-trends-report/

Delistings Surge Nearly 50% as Sellers Who Can’t Get Their Price Quit the Market in Frustration

Yes. Mainly coastal areas and cities. Because of the number of homes that will drag down the national number. 12 new homes in the last 12 months in my town that only has 800 homes. By the end of next year it will be 56 of the remaining lots with new houses.

Cities are dying because of leftist policies. It makes everything look worse than it actually is. The people that can afford to own are moving out. It's the service workers that work in the business district, airport, transit, etc that stay. Non-tourist or business areas turn into shit hole neighborhoods.

From your article:


Work from home has changed a lot of things. Nothing bad, but have a legal proceeding currently. My attorney can zoom into court dates. Times have changed where you have to live. An attorney for example can work in a 100 miles radius and live out in the country and rarely have to visit the courthouse. Lower cost of living and housing. If you're coastal you can still be 2 hours from the beach if you want and live for 1/2 the cost.

If I need to occasionally go to Chicago I can move 50-70 miles out and live for 75% less and in a bigger and nicer house.

zzyzzx says

https://www.cnbc.com/2025/07/17/homebuilders-slash-prices-at-the-highest-rate-in-3-years.html

Homebuilders are slashing prices at the highest rate in 3 years

Prices between New Construction and 20-30 Used Houses are very close over here in Central East Florida.

Homeloaners are deluded; once you factor in the incentives, it's crazy to be used.

There’s something to be said about location too. The patch of ground the property is on is going to matter a lot potentially. A new house on less desirable location will be needing discounts relative to a “used house in good repair” on a desirable location.

zzyzzx says

https://www.realtor.com/news/trends/delistings-home-seller-june-trends-report/

Delistings Surge Nearly 50% as Sellers Who Can’t Get Their Price Quit the Market in Frustration

WookieMan says

Yes. Mainly coastal areas and cities.

Look everyone! Wookie STILL keeps pushing his 'coastal areas' bullshit despite hard evidence proving otherwise. But hey! He's a R/E 'expert' on PatNet!

Half the country is now 'coastal areas' it seems.





https://www.newsweek.com/map-shows-home-values-dropping-half-country-housing-market-shifts-2074904

His state...the State of Dumfuq, IL is one of the few not on that map. And get this: It is technically a defacto coastal state!

MolotovCocktail says

Look everyone! Wookie STILL keeps pushing his 'coastal areas' bullshit despite hard evidence proving otherwise. But hey! He's a R/E 'expert' on PatNet!

Half the country is now 'coastal areas' it seems

Cities dumb ass. Chicago prices are up so not sure where you people get your maps. And most those cities are coastal. Denver over built. Phoenix overbuilt. Montana overbuilt in Missoula and Bozeman. Minneapolis city folks fleeing. Vegas fleeing. SLC UT fleeing. St. Louis, Kansas City, Oklahoma city all fleeing. One city in a state doesn't mean housing prices are going down everywhere. You map proves that though

~15 of the states have direct coastal access.

This is from your article.... lol.

According to Zillow, monthly home values dropped in 27 out of the 50 states this year. While Florida, Colorado, Washington, D.C., California and Washington state experienced the greatest value declines from March to April, the data could foreshadow a larger housing market shift.

Also people close in the summer. These numbers mean shit. You get under contract in the spring and close 45-60 days out. None of these numbers matter until they're reported in October.

You talk a lot of shit. Give me any experience you have in real estate. I'll wait....

WookieMan says

You talk a lot of shit.

I am not talking anything. The data is.

In California, sales volume increased, however
June's statewide median home price was $899,560, down 0.1 percent from May and down 0.1 percent from $900,720 in June 2024.
...
June home sales activity rose 4.0 percent from the 254,190 homes sold in May and was down 0.3 percent from a year ago, when 264,960 homes were sold on an annualized basis. June's rebound reversed three consecutive months of sales declines and was only one of two months of sales increases for the first half of 2025. The year-over-year decline marked the third straight decrease and was the first time since late 2023 that annual sales fell for three consecutive months. Year-to-date sales were barely above a year ago and could fall behind last year's level in July if market activity remains stagnant.
...
California's median home price fell for the second straight month in June, slipping below the $900,000 mark for the first time in three months. The June median price of $899,560 was down 0.1 percent from May and also down 0.1 percent from $900,720 in June 2024. June's 0.1 percent decline was not in line with the historical average gain of 0.8 percent, suggesting non-seasonal factors such as market uncertainty and elevated mortgage rates had a negative lingering effect on housing demand and home prices.

EBGuy says

suggesting non-seasonal factors such as market uncertainty and elevated mortgage rates had a negative lingering effect on housing demand and home prices.

No. It's deluded home sellers thinking they can ask for prices 60% or more of American home buyers can't afford.

MolotovCocktail says

And get this: It is technically a coastal state!

Lake Michigan looks like a fucking sea, man!

Eric Holder says

Lake Michigan looks like a fucking sea, man!

St Lawrence Seaway means I can ship cargo from the Port of LA to Port of Chicago by sea. So, yes. It's coastal.

MolotovCocktail says

Eric Holder says

Lake Michigan looks like a fucking sea, man!

St Lawrence Seaway means I can ship cargo from the Port of LA to Port of Chicago by sea. So, yes. It's coastal.

You guys do know oceans and seas are different than lakes? Rivers? Ponds? I mean some idiot must have come up with Lake Michigan and Lake Superior as an example...

https://www.vocabulary.com/dictionary/coastal#:~:text=The%20coast%20is%20the%20land,or%20relating%20to%20a%20coast

This is elementary school stuff. Also a sea or ocean has salinity. Lake Michigan is a fresh water lake with a shoreline. Never thought I'd see something so stupid. Good day.

WookieMan says

You guys do know oceans and seas are different than lakes? Rivers? Ponds? I mean some idiot must have come up with Lake Michigan and Lake Superior as an example...

Explain how a ship.can go from LA to Chicago w/o leaving the water then?

Also, learn what de facto means:

MolotovCocktail says

His state...the State of Dumfuq, IL is one of the few not on that map. And get this: It is technically a defacto coastal state!

MolotovCocktail says

And get this: It is technically a defacto coastal state!

It's shoreline. Not coastal. It's a lake. Defacto means shit. It's lake shoreline.

WookieMan says

Defacto means shit. It's lake shoreline.

Defacto means you fucked up.

Shore refers to both sea and lakes, too. Another fuck up of yours.



Of course, all this is just you avoiding you are wrong. The RE Expert is WRONG.

MolotovCocktail says

WookieMan says

Defacto means shit. It's lake shoreline.

Defacto means you fucked up.

Shore refers to both sea and lakes, too. Another fuck up of yours.



Of course, all this is just you avoiding you are wrong. The RE Expert is WRONG.

Still no source (link) or data for that map. "according to zillow" is not a source. Link or it's bull shit. Zillow doesn't account for off market sales which is probably 5% in most location.

Enjoy renting though. I enjoyed getting $200k this year tax free.

WookieMan says

Enjoy renting though. I enjoyed getting $200k this year tax free.

Who sez I rent? More bullshit from you.

$200k? Even more bullshit from you. (And who cares?)

Neither of those attempts by you to compensate for...certain shortcomings...proves any of your bullshit posted here.



WookieMan says

Still no source (link) or data for that map. "according to zillow" is not a source. Link or it's bull shit. Zillow doesn't account for off market sales which is probably 5% in most location.

Link was already provided. But you don't have your shit together so...

Nope. You repost your own images and links. Repost it. I never saw it.

WookieMan says

You repost your own images and links. Repost it. I never saw it.

Sorry. You said, "Still no source (link) or data for that map". Which was a lie. Go back and R-E-A-D.

MolotovCocktail says

St Lawrence Seaway means I can ship cargo from the Port of LA to Port of Chicago by sea. So, yes. It's coastal.

From the "Lake Michigan Coast"? That sounds ridiculous and you know it.

Iron ore gets shipped from Duluth (Minnesota) to worldwide destinations. Coal is loaded on the Ohio River on its way to China or whatever. Grain along the Mississippi. Are all those states "Coastal" States also?

In your fruitless effort to win an argument on The World's Expert on Everything, you're starting to sound as ridiculous and over the top as he is. Or maybe the two of you are just sparring in jest for comedic relief.

B.A.C.A.H. says

From the "Lake Michigan Coast"? That sounds ridiculous and you know it.

Nope. B.A.C.A.H. says

Iron ore gets shipped from Duluth (Minnesota) to worldwide destinations. Coal is loaded on the Ohio River on its way to China or whatever. Grain along the Mississippi. Are all those states "Coastal" States also?

According to Wookie, yes. Because their house prices are dropping.

orange slice is asset inflation.

Fortwaye says

orange slice is asset inflation.

Pot-AH-to...pot-TAY-to

Fortwaye says

orange slice is asset inflation.

With a majority helping of that being currency devaluation….

https://finance.yahoo.com/news/us-home-prices-losing-steam-160825776.html

US Home Prices Are Losing Steam With Most Big Markets Below Peak

zzyzzx says

https://finance.yahoo.com/news/us-home-prices-losing-steam-160825776.html

US Home Prices Are Losing Steam With Most Big Markets Below Peak

The weakness was most pronounced in the condo market, where prices fell 1.4% year-on-year compared with a 1.6% rise for single-family homes.

Hmmmm. Cities where condo are prevalent. Most cities are in coastal states. People fleeing cities because they suck and/or are starting families in the suburbs or rural. Condos have higher prices than a house 1 hour outside of a city. So prices drop for some people.

Higher priced cities will make it look somewhat bad nationally. Don't keep hopes up of a crash, unless it's your city. Then go for it as the homelessness and crime skyrocket. Hell Trump left NYC to Mar A Lago. People with families and wealth don't want to be in cities. That's the transition we're seeing right now.

WookieMan says

Most cities are in coastal states.

He keeps doing it.

zzyzzx says

"US Home Prices Are Losing Steam With Most Big Markets Below Peak"

Is the Housing Bubble finally collapsing?

The_Deplorable says

zzyzzx says

"US Home Prices Are Losing Steam With Most Big Markets Below Peak"

Is the Housing Bubble finally collapsing?

Idk but can’t crash as long as gov free printing press around and not controlling gov budgets that would make inflation intact.

Blue says

The_Deplorable says

zzyzzx says

"US Home Prices Are Losing Steam With Most Big Markets Below Peak"

Is the Housing Bubble finally collapsing?

Idk but can’t crash as long as gov free printing press around and not controlling gov budgets that would make inflation intact.

Which totally ignores flat incomes...

https://www.reddit.com/r/FirstTimeHomeBuyer/comments/1m7bzxh/stuck_in_a_house_we_dont_want/

Stuck in a house we don’t want
My husband and myself bought our first home a couple of years ago. We thought we wanted a townhouse but have since discovered we want a yard and no HOA. We bought our town house for way more than it was worth due to lack of knowledge and quite honestly we were shocked we were even able to buy a home. We were overly excited and jumped quickly. We paid 375000 for the thing. We went out! Our mortgage is ridiculous. We have put it on the market and it didn’t move. Lots of people came and looked but it’s priced too high, we are upside down. I feel so defeated and stupid. What can I do? Please can anyone help me?

But wait just a minute here! A local Realtor recently said IT'S A GREAT TIME TO BUY! She wouldn't lie, would she? I mean it's in their Code of Ethics that lying is not a good thing and being a Realtor means that she's ethical, right?

zzyzzx says

We bought our town house for way more than it was worth due to lack of knowledge and quite honestly we were shocked we were even able to buy a home.

Lol. So someone didn't know what they were doing bought a home. At least they admit it. I'm sure it was an FHA loan. You're upside down out the gate with those loans anyway. It's basic math. You're stupid if you didn't know what you were buying. Never buy a townhome either unless elderly and don't want exterior maintenance. When young people buy townhomes I just shake my head.

Get a multiunit so that way if you move you can rent the space you lived in and pay down the mortgage. Or in this case just rent it and wait it out for 4-1/2 years roughly and relist it. Tax free gain as the tenant pays down the principle if you lived in it 2 of the last 5 years. The only other option is a short sale or you could foreclose and live for free for 2 years. You have to show you're insolvent or it's counted as income and you could have a hefty tax bill.

Also the mortgage being ridiculous is bull shit. It was disclosed to you by the lender. You knew what you were getting into. (not you as in zzyzzx in this comment). Don't point the finger at the market, use your thumb and point that at yourself for being an idiot.