Comments by "worn down" (@worndown8280) on "It's OVER! Housing Market CRASH Has Begun" video.

  1. By fall? I mean you can buy but it wont even be close to the bottom, not by even half. You are seeing biggest pricing drops in new homes coming onto the market. Thats because builders have bills and loans they have to pay off. Servicing debt obligations is huge for them. The ones that dont drop are the current home owners who are the majority of home sellers. They always hold out. And they always lose. That could take several years honestly. It depends on market psychology and on how bad things get economically.
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  2. You arent stupid. But it could take time. The Fed has so much liquidity to soak up that at this rate, with .50 increases its going to takes us a few years of stagflation to get prices back down where they need to be. I am hoping the the next increase will be .75 and the one after that 100. But even then that wont do much.
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  3. New housing is always the first to drop prices. The bad holders are actual home owners who have insane prices like a 1975 ranch home that has never been updated in rural Tennessee for 450k, I am sure you have similar places in Florida. Those people are always the ones to drop their prices last. And they are the ones who get hurt the worst.
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  4.  @videogarage9221  I dont disagree with you on that. I dont think that the markets fully believe powell is serious year about raising rates. I dont know if Powell is either. But he needs to. If they dont keep raising housing will stay high, but stable. They have to squeeze all this excess liquidity out of every market, including housing. Otherwise its all kabuki theater.
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  5.  @888ssss  Yea whats the point of knowing what your single largest annual expenditure is until the day you die. Utterly pointless.
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