Real estate short sales are repricing neighborhoods, triggering a rush for the exits.

October 5, 2024 11:48 pm by CWR

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Here comes the real estate short sales repricing entire neighborhoods

Race for the exits coming pic.twitter.com/9VzWD5W04L

— Darth Powell (@VladTheInflator) October 5, 2024

There’s also (like California 🙄) a big variance between rent/own monthly costs

It’s roughly $1000/mo cheaper to rent a single family home than to buy and mortgage a similar one with 10% down

— Amy Nixon (@texasrunnerDFW) October 5, 2024

See also Cap rates aren't competitive, making real estate less attractive than bonds.

See also People who make $160,000 can’t buy a house without government assistance. This country is so broken. Without the inflated real estate market masking the truth, Canada’s economic downturn would be clear to everyone.