/biz/ - Business & Finance

Inventory in my area is up 3x from the beginning of the year. Still below normal levels by about 1000 homes. Check this out though, my clients just got into escrow for low 700s on a home that would have been 850k in may.

My associate has a home listed for 699k, and it finally got an offer a bit below asking (28 days). Here is the kicker, the last model match (same builder, same floor plan, same year built same sqftage) sold for low 900s in April.

Here is the best part, this party is JUST GETTING STARTED. It’s gonna crash fucking hard. Ignore realtors, they know nothing except “muh commission” and will tell their closest friends and family anything in order to make a buck. They aren’t to be trusted. And when this shit does wash out, agents will be on the chopping block, the blame is going to go on all these assholes who took out ads saying that we are not in a bubble. There will be regulations against predicting how the market it going to move. Cap this