Colleague of mine moving out of Dallas because they can't afford their 3400 sq ft house anymore.
Listed it for RENT for $6500/month 3 months ago.
Zero interest.
Seriously, who is going to pay $6.5k/month when you can buy a new build for $4k/month?
🤡😂🤡😂
— AKM (@akm515) July 20, 2023
Rental market right now:
"Looking for top 10% income family to rent out our basic 3bd 2ba shitbox that's been listed for 6mo priced 3x too high."
— Darth Powell (@VladTheInflator) July 20, 2023
Austin home prices going to zero lol
Already down more than anywhere else in the country
RIP to the people who bought the top https://t.co/ZebZ9MYJLS
— BuccoCapital Bloke (@buccocapital) July 21, 2023
Translation: Please buy an investment property
There just aren't enough first home buyers to absorb all these new properties, as illustrated nicely by this chart from the Financial Times. https://t.co/jNduVNfiz8 pic.twitter.com/JEf3wT26qt
— Tarric Brooker aka Avid Commentator 🇦🇺 (@AvidCommentator) July 20, 2023
Today I learned where Cedar City, Utah is.
I've driven by but I must not have been paying attention.
So I looked up the house. https://t.co/Gk9Y0kXWQc
I particularly liked "It would make a great investment property!"https://t.co/45U8KGmxTP pic.twitter.com/PGGKMBSB9u
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) July 14, 2023
Foreclosures are rising again in NH. But homeowners can apply for financial help.
The echoes of the sub-prime lending mess.
h/t Simian_Stacker