There are signs that the previously red hot US housing market is cooling with the prospect of home prices nearly halving in some parts of the country.
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www.dailymail.co.uk
news/article-10862005/Sellers-slashing-prices-levels-not-seen-pandemic-market-rapidly-cools.html

Sure, now that regular consumers can't afford food or gas, the market drops...and all of the corporate hedge funds that still have cash and liquid assets buy up all the real estate and turn it into rental properties. Sounds a lot like an engineered economy to get us all to "own nothing" - and we're not happy. We know Barry wiretapped Merkel, has anybody wiretapped the bald guy at Davos to see if he's coordinating our collapse? Asking for a friend...


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2022-30-Sa 08:30:23 pm

Sure, now that regular consumers can't afford food or gas, the market drops...and all of the corporate hedge funds that still have cash and liquid assets buy up all the real estate and turn it into rental properties. Sounds a lot like and engineered economy to get us all to "own nothing" - and we're not happy. We know Barry wiretapped Merkel, has anybody wiretapped the bald guy at Davos to see if he's coordinating our collapse? Asking for a friend...

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Gee wasn't that during the Obama debacle?

[...the falling stocks and slowing home sales, remind him of 2008. ]

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This is a good thing. The price for first time homeowners was becoming really absurd. Seeing a small house, made out of trash, sell in 2021for 1.5 million dollars Cash, in western Idaho, was mind blowing.

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In some parts of the country, the price would need to fall over 80% to get back down to normal.

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It's about time for a major correction. If Americans wised up and stopped selling houses and land to Chinese communists in California (and other aliens, foreign nationals), which no other country in the world allows -- and is not reciprocal for American expats abroad -- the market would crash and fast. American working families could find affordable housing again easily.

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Best news all year. Watch Biden somehow destroy this, too.

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there is no real estate available in the south do not waste your time

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