Off-Topic Stock Market & Crypto Discussion

[SpikeUM]

Real estate is location, location, location, but I have sold two houses in the last 18 months; I listed both well above what the realtor recommended, got multiple cash offers on both within a few days.

 

[Canefan4life]

We're in the same boat paddling different directions. I see my neighbor's house has an offer at 90% of the original asking price in under 2 months. I'd be happy with that, but over the summer.

One thing I see is the valuations are all over the place like before 2008. The AVM at my credit union has my house at a price I would love to get, but know it will never happen. That just fuels the investors.

sadly I can guess between 2 homes your talking about off the top of my head lol..

So question, if you list and sell.. do you upgrade and stay in the area or move? Just curious

 

[JD08]

sadly I can guess between 2 homes your talking about off the top of my head lol..

So question, if you list and sell.. do you upgrade and stay in the area or move? Just curious

I'll leave the area. Traffic has gotten horrible and they just added another light to Indiantown with talks of another. The cost of living has just gotten too high here. I can have a better life elsewhere for a lot less.

 

[Canefan4life]

I'll leave the area. Traffic has gotten horrible and they just added another light to Indiantown with talks of another. The cost of living has just gotten too high here. I can have a better life elsewhere for a lot less.

First day of that light was a mess. Agreed with everything you said. Good luck, hope you get top dollar when you decide to.

I’m trying to go to palm Beach country estates to avoid that traffic of 95/turnpike and Jupiter in general. I work in boca and can’t justify going further south for how crazy priced everything decent is.

 

[90scane]

And I would like the Cavinder twins to fall in love with me.

You can do better.

 

[90scane]

Real estate is location, location, location, but I have sold two houses in the last 18 months; I listed both well above what the realtor recommended, got multiple cash offers on both within a few days.

My expensive house has been on the market for over a week, and one potential buyer is interested. Of course, two snowstorms on weekends don't help with showings. Much like you, I listed it way over what the realtor recommended and I'm willing to sit on it for months if needed.

The low end of the market appears to have cooled since the fall due to the higher rates. I'll know how cool it has gotten next week as I've only sold one house since September and it went in 2 weeks for $5k over.

 

[mr.h]

Do we melt up or do we see a recession in 2025?

I see a correction, but S&P up 10% by eoy…imo
AI is not the dot.com bubble.

 

[90scane]

And I would like the Cavinder twins to fall in love with me.

Now that Beck is in town, you have another issue for at least one. HA

 

[mr.h]

CNN..A majority of the Supreme Court appeared likely to uphold a controversial ban on TikTok over concerns about its ties to China, with justices lobbing pointed questions at lawyers for the social media app and a group of its content creators.
That helps META and YouTube.

 

[TheEye]

Real estate is location, location, location, but I have sold two houses in the last 18 months; I listed both well above what the realtor recommended, got multiple cash offers on both within a few days.

Markets have cooled significantly since mid 2023.

 

[mr.h]

Inflation numbers

PPI Tuesday
CPI Wednesday

 

[90scane]

Markets have cooled significantly since mid 2023.

Which markets? Most of my real estate has either gone up or stabilized (today vs June 2023). Real estate is also very cyclical so by May, I expectvalues to be well above June 2023 just like June 2024. Then the markets cool some in the fall compared to the spring.

I do think we will see more foreclosures on the commercial side which will hurt banks and the economy.

 

[TheEye]

Which markets? Most of my real estate has either gone up or stabilized (today vs June 2023). Real estate is also very cyclical so by May, I expectvalues to be well above June 2023 just like June 2024. Then the markets cool some in the fall compared to the spring.

I do think we will see more foreclosures on the commercial side which will hurt banks and the economy.

Real estate markets were on a tear between mid 2021 to mid 2023. Today you won’t get the kind of demand you did 18 months ago for rent or selling price. Possibly if you put money into updates but that profit is out the window.

 

[90scane]

Real estate markets were on a tear between mid 2021 to mid 2023. Today you won’t get the kind of demand you did 18 months ago for rent or selling price. Possibly if you put money into updates but that profit is out the window.

Sure, inflation in 21/22 was massive. That said, I'm still seeing 5% on price and rent annually. IF mortgage rates get into the 5s, I have a feeling we see another bull run so long as unemployment isn't crazy high. Rents aren't as likely to have a bull run due to the supply of apartments. That said, multi-family foreclosures could increase due to the high rates leaving some poorly managed or even vacant.

 

[TheEye]

Sure, inflation in 21/22 was massive.

Was responding to someone saying they listed a home for above Realtor recommendations and still got an immediate cash offer. I would not expect that today.

 

[90scane]

Was responding to someone saying they listed a home for above Realtor recommendations and still got an immediate cash offer. I would not expect that today.

2024- I sold 8 houses and only one was below the asking price. 4 of the 8 were above. All under Median home prices in the area so the low in the market is still warm. I have another I'm listing today. Sold my last one in December in 2 weeks and was $5k over.

Florida is a different market. Condos in Florida are a MESS!
LA after these fires will be a very different market.

Those conditions will drive up home prices in other markets as individuals flee those markets.

 

[SpikeUM]

2024- I sold 8 houses and only one was below the asking price. 4 of the 8 were above. All under Median home prices in the area so the low in the market is still warm. I have another I'm listing today. Sold my last one in December in 2 weeks and was $5k over.

Florida is a different market. Condos in Florida are a MESS!
LA after these fires will be a very different market.

Those conditions will drive up home prices in other markets as individuals flee those markets.

@TheEye I agree with @90scane. In addition to what has been written, because there is almost no new construction begun from '23 forward, you will see rents and prices begin to take off again in '26.

As for me, I sold a house in the Keys in late '23 and a house on Miami Beach in late '24.

Lastly, financial deregulation is huge for the future. Because there is so much pressure on banks NOT to lend, private lenders are getting rates in the teens on quality loans.

 

[TheEye]

@TheEye I agree with @90scane. In addition to what has been written, because there is almost no new construction begun from '23 forward, you will see rents and prices begin to take off again in '26.

As for me, I sold a house in the Keys in late '23 and a house on Miami Beach in late '24.

Lastly, financial deregulation is huge for the future. Because there is so much pressure on banks NOT to lend, private lenders are getting rates in the teens on quality loans.

It’s like I live in a different world than you guys. I priced my father’s home in Crystal River, Fl BENEATH realtor recommendations back in June hoping for a bidding war that never came.

 

[SpikeUM]

It’s like I live in a different world than you guys. I priced my father’s home in Crystal River, Fl BENEATH realtor recommendations back in June hoping for a bidding war that never came.

Central and Northern Florida in general are overbuilt (for houses and rentals), but again if you can wait another year or so, I think you will be fine.

 

[Cmuri]

Just an update on DJT.

Supposedly if it closes above $40.47 today, may start a significant squeeze upward.

I’ll end this pump with a quote from the holy book.

Proverbs 23:23

Best of luck to all. This is not financial advice.