Home Ownership

[Gatordash]

Yeah its a city built on getting people from all over the world to come and drink and party. Its a tough crowd to enforce Covid rules on. And now that conventions are back it should make for a fun winter.

[unsunghero]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

I asked my doctor what the covid situation was like here and she goes, "idk it seems like everyone gets it from las vegas"

resortWorld sounds like a good time though.

I was there last year too, and I’ve been probably 10+ other times in my life. I’d say even during covid in 2020 they still had like 75% as many people as usual

This year it will probably be back up to its usual amount. I had natural immunity from COVID last year, this year I’ve seemed to still have natural immunity (daily gym with no mask or precautions and I can’t seem to catch it) plus I’m still trying to get the vaccine this Friday because work could fire me if I don’t by November

So with natural immunity + whatever unnecessary garbage is in the vaccine, I’m sure I’ll be ok

[Jibartik]

it's kind of like the plot to The Stand isnt it lol

[Jibartik]

Yea it's all a numbers game too like, if you're going to go to vegas to gamble jus think of entering an elevator the same way.

Id imagine the casino floor is actually pretty safe because of the higher O2 getting pumped in there, as long as some person isnt willin out all next to you and lookn like he sweating around the neck.

[Gatordash]

I think we finally saw the top of the market boys. If you wanted to sell your house, hopefully you did it last month. Mortgage rates and inventory have (albeit slowly) been rising in anticipation of the liquidity taper which isn't even scheduled to start until November/December. Powell doubled down on starting the taper mid November today. I still kinda think there is a chance he doesn't do it in hopes of keeping this Ponzi scheme going until February when he gets re-elected chair of Federal Reserve.

[Gatordash]

Of particular note, our iBuying business, Zillow Offers, continues to accelerate as we offer more customers a fast, fair, flexible and convenient way to move. Zillow Offers is proving attractive to sellers even in this sizzling-hot seller's market. Finally, we expect millennial-buyers, low interest rates, and the increasing adoption of location-flexible work policies, to fuel interest in moving for many years to come. And these movers will increasingly demand e-commerce-like solutions where Zillow excels. -Zillow CEO Rich Barton in August

Zillow put a record number of homes on the market in September, listing properties at the lowest markups since November 2018, according to research from YipitData. It also cut prices on nearly half of its U.S. listings in the third quarter, according to Yipit, signaling that its inventory was commanding prices lower than it expected. -Gizmodo

In mid-October, the company said it would be pausing purchases as it works through a backlog of inventory.

🤔

[Jibartik]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

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how much of that inventory was payed for with covid stimulus? I bet a lot....

[Gatordash]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

how much of that inventory was payed for with covid stimulus? I bet a lot....

Not sure. But I get these 'market reports' from Zillow emailed to me like once a week and they always have a 1-year forecasted value and its always like going up 15-20%. In which case, if you're Zillow and you owned thousands of homes that were going to go up 15-20% next year, why would you be working your ass off right now to sell those homes at a loss? And how is this not market manipulation by Zillow?

[Jibartik]

you increased teh cost of the homes in that area by 13k by using zillow to search it lol

I wonder if there is any large scale housing issues in the us going to happen if prices go down much?

I dont know a lot about the market rn

[Gatordash]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

you increased teh cost of the homes in that area by 13k by using zillow to search it lol

I wonder if there is any large scale housing issues in the us going to happen if prices go down much?

I dont know a lot about the market rn

Interest rates are so low that people aren't going to massively default on their homes like before but with inflation rising and the forbearance nonsense still working its way through courts home prices will continue to drop.

Yeah Zillow still sends me emails saying home prices are going up next year... Yet they got out of the home flipping market and are trying to sell the homes they did buy asap and taking losses on it. Makes sense [You must be logged in to view images. Log in or Register.]