President Donald Trump - J.D. Vance Administration

#34,826
#34,826
ButchPlz said:
Median household. The economy for the city (specifically) is a disaster. Apparently the metro area is closer to $60K median household.

My first work projects were what I'll call economic development-adjacent here and I pointed out that the region's deliberate strategy to run off blue collar jobs in favor of "clean" tech and tourism jobs was just going to create a lot of stagnant wages and unemployed people, and that's about where we are. Nobody cared what a 25-year old had to say though.
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I don't see how your area can sell houses based on those stats. Maybe better-monied folks move in? Or wages increase? Or prices will have to drop.

The folks you're talking about cannot qualify for a loan for those homes.
 
#34,827
#34,827
McDad said:
I don't see how your area can sell houses based on those stats. Maybe better-monied folks move in? Or wages increase? Or prices will have to drop.

The folks you're talking about cannot qualify for a loan for those homes.
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Bingo.

The realtors here keep saying everything is fine, houses are flipping, but from my anecdotal property tracking it's very clearly not. Six or seven months ago houses were sitting on the market for a week at most. The townhouse my wife and I bought here had four or five offers in one day, and another three or four in an identical area with a near identical floorplan built at the same time have been sitting for over a month each (as an aside, we put in an above asking offer on one in that complex a year ago and came in in the middle of the pack on 8-9 offers). I am not sure what the real problem is- perhaps we've actually hit some kind of pricing high point just now, or perhaps things in the economy here are even worse off than the numbers say, or perhaps banks just aren't giving out money anymore, or perhaps the realtors are just misleading people and trying to be greedy. It could be anything.

I think when we see any kind of real estate bubble pop it'll be in places like this.
 
#34,828
#34,828
swampfoxfan said:
I really tire of the TDS crap. Trump never or almost never speaks in public without mentioning Joe Biden multiple times and insulting manner. Followed by the Obama insults and the occasional Kamala or Hillary.

Magas on this board very often mention "puddin head" autopen basement etc.

BB you can do better.

Ps. You have my respect
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You need a good shrink to help you with your TDS?
 
#34,829
#34,829
ButchPlz said:
Bingo.

The realtors here keep saying everything is fine, houses are flipping, but from my anecdotal property tracking it's very clearly not. Six or seven months ago houses were sitting on the market for a week at most. The townhouse my wife and I bought here had four or five offers in one day, and another three or four in an identical area with a near identical floorplan built at the same time have been sitting for over a month each (as an aside, we put in an above asking offer on one in that complex a year ago and came in in the middle of the pack on 8-9 offers). I am not sure what the real problem is- perhaps we've actually hit some kind of pricing high point just now, or perhapsI things in the economy here are even worse off than the numbers say, or perhaps banks just aren't giving out money anymore, or perhaps the realtors are just misleading people and trying to be greedy. It could be anything.

I think when we see any kind of real estate bubble pop it'll be in places like this.
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I don't think the realtors would advise people to price their house outside of what the market will bear. They are commisions based after all.

Maybe, it is like what hog and I are seeing, the buyers are just waiting for interest rates to drop a bit so they can make the numbers work. 🤷‍♂️
 
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#34,830
#34,830
McDad said:
I don't think the realtors would advise people to price their house outside of what the market will bear. They are commisions based after all.

Maybe, it is like what hog and I are seeing, the buyers are just waiting for interest rates to drop a bit so they can make the numbers work. 🤷‍♂️
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Wouldn't doubt that.
 
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#34,831
#34,831
ButchPlz said:
When I pointed out what's going on in my neck of the woods this is it. The prices are way high and sellers aren't really dropping them, seeming content to let stuff sit for months on end. Median income in this area for a family is around $50K, and the median home price for the whole valley is close to $300K right now- and that is significantly drug down by prices in absolutely awful areas or places that are so far out they're hard to justify. To live in a "normal" middle-class neighborhood you're starting at $400K easy for a 2 bedroom that's relatively move-in ready and sellers aren't budging from that. It's hard to afford that starting price and then budget for the maintenance and upgrades you'll need, too.

I don't know or really care what the "solution" is since I'm not really invested in a ton of real estate around here, but something's got to give eventually.
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the issue is society in general has priced themselves out. The sellers want that much because they need that much to buy their next house.

developers and investment companies are still coming in and buying stuff up to flip it as well, which just jacks up the costs even more.

and there is relatively very little actual new construction going on. there is a lot of replacement construction going on, where you buy an old home, tear it down, and build a new bigger home on the lot. that removes a cheaper house from the market while putting a more expensive house back on.
 
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#34,832
#34,832
McDad said:
I don't think the realtors would advise people to price their house outside of what the market will bear. They are commisions based after all.

Maybe, it is like what hog and I are seeing, the buyers are just waiting for interest rates to drop a bit so they can make the numbers work. 🤷‍♂️
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And IMO they are making a mistake. I think if rates drop we’ll see a rush and it will turn into a sellers market again causing prices to increase. So in the end those waiting will be in the same boat if they had bought earlier.

Our mortgage lady once told me “marry the house and date the rate”. It’s worked out well so far.
 
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#34,833
#34,833
hog88 said:
And IMO they are making a mistake. I think if rates drop we’ll see a rush and it will turn into a sellers market again causing prices to increase. So in the end those waiting will be in the same boat if they had bought earlier.

Our mortgage lady once told me “marry the house and date the rate”. It’s worked out well so far.
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why move out of a house you have a 2% rate on when you are moving into a more expensive house with a 7% rate attached to it?
 
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#34,835
#34,835
LouderVol said:
why move out of a house you have a 2% rate on when you are moving into a more expensive house with a 7% rate attached to it?
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You would have to ask the individual. By your reasoning why would anyone sell their house and move to a more expensive one?

I'm talking about people who have made up their minds to buy and are just waiting for the rates to drop. When rates drop and those buyers who've been sitting and waiting rush in prices will go up and what did those that waited gain?
 
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#34,841
#34,841
Trump Is ‘Cooked’ After Seemingly Admitting He Had Young Girls Working At His Mar-a-Lago Spa Who Were Lured Away

He was then asked, “Mr. President, did one of those stolen, you know, persons include Virginia Giuffre?”

“I don’t know. I think she worked at the spa. I think so. I think that was one of the people, yeah. He stole her. And, by the way, she had no complaints about us, as you know, none whatsoever,” Trump continued.

Guiffre was just 16 when Epstein and his associate Ghislaine Maxwell lured her away from Trump’s spa at Mar-a-Lago. She died by suicide in April, years after filing civil and criminal lawsuits against Epstein and Maxwell and accusing Prince Andrew of sexual abuse.

atlantablackstar.com

‘How Is He Going to Distract Us from This One?': Trump Is 'Cooked' After Seemingly Admitting He Had Young Girls Working At His Mar-a-Lago Spa Who Were Lured Away, Critics Say

The mushrooming political scandal over the Jeffrey Epstein file is following President Donald Trump around like an ominous storm cloud on a rainy day,
atlantablackstar.com atlantablackstar.com
 
#34,842
#34,842

Washington Post Editorial Slams Obama Judge For Blocking ‘fair and square’ GOP Defunding Of Planned Parenthood​


The Washington Post editorial board slammed Obama-appointed US District Judge Indira Talwani’s decision to block an “act of Congress” by issuing a preliminary injunction to revoke Congress’ decision to divert Medicaid funds away from abortion providers like Planned Parenthood.

The Post editorial argued on Tuesday that, while some of the Trump administration’s attempts to strip federal funding from disfavored programs rightly face scrutiny for bypassing Congress, the Republican effort to cut Medicaid funding for abortion care was passed “fair and square” through the legislative process.


“Allocating public money is Congress’ core competency. Yet US District Judge Indira Talwani not only countermanded Congress’ spending choice in a preliminary injunction, she also refused to stay her ruling pending appeal,” the editorial board explained, adding, “This is the kind of lower court activism that gives the Trump administration fodder for its attacks on judges.”

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The Washington Post editorial board slammed the decision by Obama-appointed US District Judge Indira Talwani (above) to block an “act of Congress.”

nypost.com

Washington Post editorial slams Obama judge for blocking ‘fair and square’ GOP defunding of Planned Parenthood

The Washington Post editorial board slammed Obama-appointed U.S. District Judge Indira Talwani’s decision to block an “act of Congress” by issuing a preliminary injunction to revo…
nypost.com nypost.com
 
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#34,844
#34,844
VOLLeeann said:
Trump Is ‘Cooked’ After Seemingly Admitting He Had Young Girls Working At His Mar-a-Lago Spa Who Were Lured Away

He was then asked, “Mr. President, did one of those stolen, you know, persons include Virginia Giuffre?”

“I don’t know. I think she worked at the spa. I think so. I think that was one of the people, yeah. He stole her. And, by the way, she had no complaints about us, as you know, none whatsoever,” Trump continued.

Guiffre was just 16 when Epstein and his associate Ghislaine Maxwell lured her away from Trump’s spa at Mar-a-Lago. She died by suicide in April, years after filing civil and criminal lawsuits against Epstein and Maxwell and accusing Prince Andrew of sexual abuse.

atlantablackstar.com

‘How Is He Going to Distract Us from This One?': Trump Is 'Cooked' After Seemingly Admitting He Had Young Girls Working At His Mar-a-Lago Spa Who Were Lured Away, Critics Say

The mushrooming political scandal over the Jeffrey Epstein file is following President Donald Trump around like an ominous storm cloud on a rainy day,
atlantablackstar.com atlantablackstar.com
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A.) You can hire 16 year olds
B.) You do realize that Giuffre is on record saying she was unaware of Trump ever doing anything inappropriate with Epstein. Meaning nothing to her or reported to her.
 
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#34,845
#34,845
Franklin Pierce said:

American Families In Tariff Win As Trump Backs $2,400 Rebate Checks​


American families could see up to $2,400 in rebates from President Donald Trump's tariffs under a new proposal from Republican Senator Josh Hawley.

Hawley, a Republican from Missouri, proposed legislation on Monday to provide tariff rebate checks to families similar to the stimulus checks the government distributed during the COVID pandemic.

The amount received varies by family but typically includes at least $600 per adult and child, totaling $2,400 for a family of four.

Trump has expressed his support for the idea.

'We're thinking about a little rebate,' he told reporters last week. 'But the big thing we want to do is pay down debt. But we're thinking about a rebate.'

Hawley moved forward with his American Worker Rebate Act after Trump's comments.

The proposal comes as the federal government's coffers have risen with the president's tariff deals.

www.dailymail.co.uk

American families in tariff win as Trump backs $2,400 rebate checks

American families could see up to $2,400 in rebates from President Donald Trump's tariffs under a new proposal from Republican Senator Josh Hawley.
www.dailymail.co.uk www.dailymail.co.uk
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I wonder what that might do for inflation.
 
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