Housing market about to tumble in Cali, Tx, and Florida…here is why

[ColonelAngus]

1) Record credit defaults are occurring RIGHT NOW. Over 30% of households are in default on credit card, rent, vehicle, or home loans.
2) 43% of small businesses are late on rent
3) Payday loans are up 40% year over year
4) People are putting their homes on the market to pull out their equity and cover their outstanding non equity debt.
5) The sudden JUMP IN SUPPLY WILL CREATE A DROP IN PRICES.

FLORIDA IS OVERVALUED ABOUT 30%. INVENTORY IS UP 300% IN 2 YEARS.

2H 2024 is going to be a Real Estate bloodbath.

 

[CrusaderFrank]

1) Record credit defaults are occurring RIGHT NOW. Over 30% of households are in default on credit card, rent, vehicle, or home loans.
2) 43% of small businesses are late on rent
3) Payday loans are up 40% year over year
4) People are putting their homes on the market to pull out their equity and cover their outstanding non equity debt.
5) The sudden JUMP IN SUPPLY WILL CREATE A DROP IN PRICES.

FLORIDA IS OVERVALUED ABOUT 30%. INVENTORY IS UP 300% IN 2 YEARS.

2H 2024 is going to be a Real Estate bloodbath.

Plus the overinflated Money supply has tanked like its 1929.

 

[ColonelAngus]

Plus the overinflated Money supply has tanked like its 1929.

Definitely a huge part of why people are so leveraged and now must sell their homes.

 

[marvin martian]

1) Record credit defaults are occurring RIGHT NOW. Over 30% of households are in default on credit card, rent, vehicle, or home loans.
2) 43% of small businesses are late on rent
3) Payday loans are up 40% year over year
4) People are putting their homes on the market to pull out their equity and cover their outstanding non equity debt.
5) The sudden JUMP IN SUPPLY WILL CREATE A DROP IN PRICES.

FLORIDA IS OVERVALUED ABOUT 30%. INVENTORY IS UP 300% IN 2 YEARS.

2H 2024 is going to be a Real Estate bloodbath.

I'm looking forward to the deals. I have my eye on a couple beach houses along the TX gulf coast.

 

[shockedcanadian]

I.R.A and your open southern border. Two of the worst policies on earth and both defended by the "experts".

Pray.

 

[Donald H]

America's housing 'Market' is in Chinese people. America's government, in it's good intentions, has put housing out of reach for the people flipping big macs and other employment.

Wit a unyun der is strengt!

 

[Marener]

Record credit defaults are occurring RIGHT NOW. Over 30% of households are in default on credit card, rent, vehicle, or home loans.

Where is the data for this?

 

[ColonelAngus]

I'm looking forward to the deals. I have my eye on a couple beach houses along the TX gulf coast.

I sold my home in Sept 2022, and have been waiting on the sidelines for this drop and expect to buy early next year. I want the electon dust to settle.

Florida prices are currently about 30% over valued. (It varies by county, for example, Sumter county is 7% over valued, but Hillsborough is 32% over valued.)

The massive jump in inventory is huge.

300% jump in inventory. Lots of people are marking down their homes to beat the market.

My friend put hers on the market in December for $1.3m.

It sold 2 weeks ago for $950k.

She is my canary in a coal mine, and her MICRO situation displays what the MACRO data shows.

 

[Meister]

Just wait and see what happens when Biden gets his tax increase for "the wealthy".
Small businesses will be folding in a big way, not to mention the middle class.

 

[marvin martian]

Just wait and see what happens when Biden gets his tax increase for "the wealthy".
Small businesses will be folding in a big way, not to mention the middle class.

And his "unrealized capital gains" scam, where we'll be pre-taxed on potential earnings without ever realizing the gains. That's straight confiscation...the DemoKKKrats' dream.

 

[justoffal]

1) Record credit defaults are occurring RIGHT NOW. Over 30% of households are in default on credit card, rent, vehicle, or home loans.
2) 43% of small businesses are late on rent
3) Payday loans are up 40% year over year
4) People are putting their homes on the market to pull out their equity and cover their outstanding non equity debt.
5) The sudden JUMP IN SUPPLY WILL CREATE A DROP IN PRICES.

FLORIDA IS OVERVALUED ABOUT 30%. INVENTORY IS UP 300% IN 2 YEARS.

2H 2024 is going to be a Real Estate bloodbath.

OVERVALUED? QUICK TELL ENGORON!

 

[iamwhatiseem]

I'm looking forward to the deals. I have my eye on a couple beach houses along the TX gulf coast.

Hope your paying cash and not 10% interest... which it may hit.

 

[justoffal]

1) Record credit defaults are occurring RIGHT NOW. Over 30% of households are in default on credit card, rent, vehicle, or home loans.
2) 43% of small businesses are late on rent
3) Payday loans are up 40% year over year
4) People are putting their homes on the market to pull out their equity and cover their outstanding non equity debt.
5) The sudden JUMP IN SUPPLY WILL CREATE A DROP IN PRICES.

FLORIDA IS OVERVALUED ABOUT 30%. INVENTORY IS UP 300% IN 2 YEARS.

2H 2024 is going to be a Real Estate bloodbath.

But....great economy! But ....stock market great....! But too stupid to know it! But....uhhhh!

 

[BULLDOG]

I'm looking forward to the deals. I have my eye on a couple beach houses along the TX gulf coast.

If you find a deal around Surfside, let me know.

 

[Rambunctious]

 

[shockedcanadian]

Don't buy in Ontario.

Not if you like money. When the collapse hits us here, it is going to be insanity.

 

[SurferH2O]

I live in Huntington Beach, CA. My house has gone up over 600% in value since I bought it back in 1997. I wish I could get my wife to agree to sell it now, move out of state, wait for the collapse and then return, but she's afraid that we can never come back once we sell out. I'm stuck with just picking up a second home, but I'm not sure where yet. We have the $, just not the location for it.

 

[justoffal]

America's housing 'Market' is in Chinese people. America's government, in it's good intentions, has put housing out of reach for the people flipping big macs and other employment.

Wit a unyun der is strengt!

I like Big Mac's!

 

[d0gbreath]

Definitely a huge part of why people are so leveraged and now must sell their homes.

Some people suck at money management. Outdoing the Jones when you shouldn't be is how they get into this mess.

 

[Vastator]

Black Rock, and Vangard are circling like vultures just waiting for the shoe to drop...