Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "DON'T BUY A HOME - New Construction Meltdown" video.

  1. It is just amazing how the attitude toward real estate can change once capitulation occurs. Clearly remember the discussions in 09 through 12. Those who have not personally experienced this will be shocked when they see 300 DOMs, 6 figure price reductions, comments of "bring all offers" in listings etc. Doom porn? Some may suggest, but has happened in past. Feel sorry for those who have not experienced. Not there yet and no crystal ball, but human nature does have way of repeating.
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  2. You are a monster! Even working holidays. Dont burn yourself out brother. Easy to watch vids, much more difficult to create. I did RE promotional videos back in the day. Really time consuming with editing, some voice overs, cleanups in color temps etc. Was put out of that enterprise when $3 virtual tours showed up.
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  3. Kind of stunning how many house sales I have seen where short term ownerships were sold at losses, were sold by Offerpad or Opendoor. Not sure if typical, but between lower price and seller closing costs, quite the haircut.
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  4. Seen a trend where many homes under construction are not already contracted by buyer. This is a definite shift.
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