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601
ForcedTQ
2025 Dec 6, 12:15am
AD says
That’s because it’s all phantom or unrealized equity/valuation/“gain”…..
from Josh Rincon Facebook page
That’s because it’s all phantom or unrealized equity/valuation/“gain”…..
602
Al_Sharpton_for_President
2025 Dec 6, 3:58am
Al_Sharpton_for_President
2025 Dec 6, 3:58am
MolotovCocktail says
This is a great article, thanks. I don’t know what to make of it, though. I have relatives in their 30’s who are doing very well. One is an engineer. His wife a UPenn law graduate. They just bought a second home. The engineer came from a very low middle class family. Another 30’s something relative has owned a home for several years and has been gainfully employed at a major university. However, both have decided not to have children.
My view is that the post-WW2 lead the US enjoyed has been becoming lost for quite a while as other countries are catching up. The average slug can’t get by with a factory job and pension that allows him to raise 2+ kids with a non-working homemaker wife. This is not news. So the stakes to get ahead are higher but some folks will make it, just less and less folks will.
https://open.substack.com/pub/michaelwgreen/p/part-2-the-door-has-opened
This is a great article, thanks. I don’t know what to make of it, though. I have relatives in their 30’s who are doing very well. One is an engineer. His wife a UPenn law graduate. They just bought a second home. The engineer came from a very low middle class family. Another 30’s something relative has owned a home for several years and has been gainfully employed at a major university. However, both have decided not to have children.
My view is that the post-WW2 lead the US enjoyed has been becoming lost for quite a while as other countries are catching up. The average slug can’t get by with a factory job and pension that allows him to raise 2+ kids with a non-working homemaker wife. This is not news. So the stakes to get ahead are higher but some folks will make it, just less and less folks will.
603
AD
2025 Dec 6, 4:47pm
AD
2025 Dec 6, 4:47pm
The CNBC interview highlights Redfin CEO Glenn Kelman’s view that the U.S. housing market will undergo a “great reset” in 2026, driven by falling mortgage rates, improved affordability, and a shift in buyer–seller dynamics.
https://www.cnbc.com/video/2025/12/03/why-redfin-ceo-glenn-kelman-expects-a-great-housing-reset-in-2026.html
📊 Key Points from the Interview
• Mortgage rates: Kelman expects rates to decline from their 2023–2025 highs, easing affordability pressures.
• Buyer demand: Pent‑up demand from buyers sidelined by high rates and prices could return strongly in 2026.
• Seller behavior: Many homeowners have been “locked in” by low mortgage rates; as rates normalize, more listings should hit the market.
• Affordability reset: Kelman frames 2026 as a turning point where home prices and incomes realign, making ownership more attainable.
• Technology & Redfin’s role: He emphasizes Redfin’s tools for transparency and efficiency, arguing that digital platforms will help buyers and sellers navigate the reset.
• Risks: Kelman acknowledges that economic uncertainty, job markets, and regional disparities could complicate the recovery.
https://www.cnbc.com/video/2025/12/03/why-redfin-ceo-glenn-kelman-expects-a-great-housing-reset-in-2026.html
📊 Key Points from the Interview
• Mortgage rates: Kelman expects rates to decline from their 2023–2025 highs, easing affordability pressures.
• Buyer demand: Pent‑up demand from buyers sidelined by high rates and prices could return strongly in 2026.
• Seller behavior: Many homeowners have been “locked in” by low mortgage rates; as rates normalize, more listings should hit the market.
• Affordability reset: Kelman frames 2026 as a turning point where home prices and incomes realign, making ownership more attainable.
• Technology & Redfin’s role: He emphasizes Redfin’s tools for transparency and efficiency, arguing that digital platforms will help buyers and sellers navigate the reset.
• Risks: Kelman acknowledges that economic uncertainty, job markets, and regional disparities could complicate the recovery.
604
DemoralizerOfPanicans
2025 Dec 6, 6:08pm
DemoralizerOfPanicans
2025 Dec 6, 6:08pm
AD says
That's because too many stubborn sellers refuse to lower their price below COVID peaks.
I'm laughing at people blaming Home Depot declaring Chap 11 because of Tariffs, as if new home builds going up $7-10k are the problem, and not housing costs doubling in 5 years.
from Josh Rincon Facebook page
That's because too many stubborn sellers refuse to lower their price below COVID peaks.
I'm laughing at people blaming Home Depot declaring Chap 11 because of Tariffs, as if new home builds going up $7-10k are the problem, and not housing costs doubling in 5 years.
605
AD
2025 Dec 6, 6:26pm
AD
2025 Dec 6, 6:26pm
DemoralizerOfPanicans says
True, as North American Builder's Supply, a Home Depot and Lowe's rival based in Illinois, has filed for Chapter 11 bankruptcy protection.
I suspect if the 30 year convention mortgage rate settles around 5.5% (and VA and FHA rates at 5.0%) then we will see an improvement in home sales volume IF prices stay near or below COVID peak level.
AD says
from Josh Rincon Facebook page
That's because too many stubborn sellers refuse to lower their price below COVID peaks.
I'm laughing at people blaming Home Depot declaring Chap 11 because of Tariffs, as if new home builds going up $7-10k are the problem, and not housing costs doubling in 5 years.
True, as North American Builder's Supply, a Home Depot and Lowe's rival based in Illinois, has filed for Chapter 11 bankruptcy protection.
I suspect if the 30 year convention mortgage rate settles around 5.5% (and VA and FHA rates at 5.0%) then we will see an improvement in home sales volume IF prices stay near or below COVID peak level.
606
MolotovCocktail
2025 Dec 6, 7:47pm
MolotovCocktail
2025 Dec 6, 7:47pm
AD says
Hahahahahanaba!
Mortgage rates: Kelman expects rates to decline from their 2023–2025 highs, easing affordability pressures.
Hahahahahanaba!
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So the only way to decrease real prices is to decrease demand, and the only way to do that is to kick out all illegal immigrants and anchor babies. Will Trump do this? Almost certainly not. Even with control over all three branches of the government, the Republicans are not going to get rid of all the illegals who are driving up housing prices and social welfare costs. I wish that I was wrong about this, but I'm not.
The United States population reached 200 million on November 20, 1967. If there was no net migration, then the U.S. population have stabilized to about 220 million. Instead, the population is 335 million. This is why housing is so expensive. This is why rent is so damn high. This is why the younger generations cannot afford to have children. This is why the only way to keep the population from falling is to import massive numbers of unskilled, uneducated, and often criminal immigrants. Both parties are responsible for this: democrats for importing voters and republicans for importing farm laborers. Both parties want cheap labor.
When you import massive numbers of low-iq, low-skill workers, your per capital GDP declines relative to where it would have been otherwise. Yes, technological advancements mask this because technology increases GDP faster than low-skill immigration decreases it, but most of those gains don't get seen by the middle class.
Since both parties, and their corporate overlords, are benefiting from the current system, immigration will continue and housing prices will also continue to rise. I suppose I shouldn't care since I own and have a 2.25% mortgage that is being eaten away by inflation, but anyone young enough that they having bought already is fucked.