Real Estate and foreclosure thread

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This is fiddling around the edges. No one wants to ask, why is it that the average person cannot afford the average house with the average tax-burden.

The answer is twofold: TOO MUCH GOVERNMENT - constantly growing, NEVER contracting, and needing tax monies. AND...FINANCIALIZATION, all this QE-Infinity, the money-printing, the overnight repo markets, money borrowed into existence, given as demand-deposits to the most-toxic of NGOs and Woke corporations.

Currency debasement leads to vast inequalities of wealth. That's demonstrated all throughout history. We're seeing it, now.

Programs for temporary tax relief, don't address the fundamental problems - as we've seen over the years with California property-tax limitations. They help, short-term. Not long-range - the problem is systemic, and no one wants to address the causations.
 

Homeowners NEGLECTING MORTGAGE PAYMENTS AS REALITY SETS IN​

Feb 10, 2025
A rising number of homeowners, particularly first-time home buyers and military members and veterans, are missing their monthly mortgage payments and the number of people who are 90 days delinquent is climbing fast. The housing market is seeing a big uptick in inventory right now as well as a major slowdown in buyer demand. This is the change that we have all been hoping for.


24:00
 

"I Spent $150K TRYING TO FLIP A HOUSE"…BUT IT DIDN'T WORK!​

Feb 13, 2025

TV shows have made it look way too easy to be at home flipper and it gives people a lot of false courage to go out there and try to replicate what they see on TV. Only to find out that being at home flipper is far more challenging than most people realize until they are knee-deep in it, and it is too late. If you don't know what you're doing, you can lose a lot of money attempting to flip the house and some people unfortunately need to learn that lesson the hard way. But here's how you can avoid that.


23:41
 
Watching prices drop in Florida is fun, wonder how much the market will puke...
 
They know what's coming. Fannie Mae has been making a big push for appraisals to make time adjustments. Mandated it start like Feb 4 or some BS. The evidence and graph they put out as an example however, is laughably stupid.
 

Over 60? How to Sell Your Home: Rules Have Changed! (Ultimate Guide)​

Feb 20, 2025

Here is the ultimate guide to selling a house in your 60s or into retirement.


37:33
 
part of that is simple demographics. There are more 56 year olds now than 30 year olds. So median will be skewed by overall age demographics.
 
I have to wonder what those 56-year olds WANT with a home.

Home ownership is, never having to say, I've got nothing to do. Which is great when you're 25 and full of energy. Shoveling the walks when the temperature is below 0, or fighting to start the snowblower...or, if you're really well off, PAYING someone to do those chores...rake the leaves, cut the grass, prune the hedges...it's easy to see why people that age start moving into Senior Communities.

I suspect part of this is, the demand was pulled forward in 2021, with all the Free Money; and also, the rise in interest rates, keeping those closer to the cutoff-line, away from trying to swing it. The poverty of the under-40 cohort, and their failure to start families, also is driving this.
 
Casey Jones said:
I have to wonder what those 56-year olds WANT with a home.

Home ownership is, never having to say, I've got nothing to do. Which is great when you're 25 and full of energy. Shoveling the walks when the temperature is below 0, or fighting to start the snowblower...or, if you're really well off, PAYING someone to do those chores...rake the leaves, cut the grass, prune the hedges...it's easy to see why people that age start moving into Senior Communities.

I suspect part of this is, the demand was pulled forward in 2021, with all the Free Money; and also, the rise in interest rates, keeping those closer to the cutoff-line, away from trying to swing it. The poverty of the under-40 cohort, and their failure to start families, also is driving this.
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I’m older than 56 and have three homes and live on a boat. LOL.
 

Your Biggest Fears About Owning a Home HAVE COME TRUE!​

Feb 27, 2025

Homeowners have been getting hit hard with multiple expenses that have exploded recently. Property taxes, insurance, repair costs, HOA fees, you name it. Many people now feel trapped as the American dream has turned into a nightmare. But it doesn't have to be this way. You can learn from the mistakes of others and make smarter financial decisions that will lead you to a more successful future.


28:29
 

Home Buyers VANISH AS PENDING HOME SALES CRASH TO ALL TIME LOW​

Mar 1, 2025

We are now at a point we're not even mainstream media is denying the shift in the housing market. With inventory up 17% year over year, home sales at 30 years lows, and now pending home sales just crashed to the lowest level on record there is no denying that the housing crash is here and it's just getting started.


21:47
 

Never Say this to a General Contractor! (WARNING!)​

Mar 4, 2025

Here is the top things to know when hiring a contractor for your Real Estate needs!


26:41
 

MAJOR Condo FIRE SALE Happening NOW IN FLORIDA! (79% OFF!)​

Mar 6, 2025
Condos in South Florida that are in poor shape financially and physically are seeing massive discounts right now to the tune of up to 79% off the average selling price in the area. This is a major discount and shows just how much distress the Florida condo market is in right now. And the crazy part is, this is just getting started...


18:44
 
Even so, the scope of it is rather shocking. And that's saying something in these crazy days.
 
Reventure just did a good video on that info. For those who'd rather listen than you know, read.



I'm still a bit confused as to whether money was actually transferring, or just book entries so to speak. I've known they were just extending and pretending a lot of loans. that was all a mess and started with Covid. Just basically ignoring missed payments and putting em back on the end of the loan.
 
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"People Are GOING TO LOSE THEIR PROPERTY OVER THIS.."​

Mar 8, 2025

There are have some recent accounts of alarming increases in property taxes for property owners overnight that are enough to throw anyone into foreclosure over suddenly not being able to pay a much higher bill. The housing market is getting hit with one problem after another lately, but this is actually all good news because this means we are finally entering a stage of correction and hopefully recovery after.


19:52
 
Fatrat said:
Sitting on the sidelines with cash....how low can it go???
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Given as how so many properties, so many jurisdictions, have seen property taxes explode 10x and more, and how there's a REAL danger a homeowner could be bankrupted and lose his property due to the $50k/year tax bill...values are going to have to go a LOT lower, and some sort of protection for buyers recognized, codified, implemented, yes, and tested legally.

It's not just in Florida. Out here in Dead Moose Junction, Montana, there was at least one news report of a retired couple who bought out here 25 years ago...a McRanch, all they needed...put their retirement savings into the purchase. Life was good, especially since the modest property was under $100k to purchase.

It's now valued at several million $$$$. Hoo-raaaay! We're RICH!....

Except the tax collectors got the land re-appraised. It's not hard to find recent comparable sales, when the whole damn state is being bought up by Californians, or Portlandians (often who went to Portland 25 years ago from California). So this couple has taxes PER YEAR that are close to the PURCHASE price.

They can't pay it off an antiSocial inSecurity stipend. Not happening. Unfortunately, in their county, there's no tax abatement for senior citizens and there is no protections similar to California Prop. 13 here. With de-facto hyperinflation, now, land values and taxes WILL go up, and any of us or all of us can and often will be forced off the land, even if it's paid for.
 

Mortgage payments explode on homeowners! (Blindsided!)​

Mar 12, 2025

Here is why you Morgage payments explode. Do not get caught with this!


27:12
 

Before selling your home Sellers must do this FIRST...!​

Mar 12, 2025

Make sure you do this before listing your home for sale !


13:08
 
searcher said:
Before selling your home Sellers must do this FIRST...!
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I watched the whole thing, and it is really basic advice. I agree with almost everything, except that I will not run away from the buyer and just let them assume about any defects. They must have full knowledge and full access of all facts. I would willingly disclose all details and if they miss something, well that is not my fault.

In my two sales two decades ago, I wrote up complete fact sheets and made them available in front of the houses so that buyers could take a copy and contact me if interested. These included ALL known facts and known defects. Each was folded into a ziploc bag and hanging from the For Sale sign.

OF COURSE I included the asking price. Agents who do not prominently state the asking price are ASSHOLES.

I did not want an agent for one of our houses, but one kind of pushed his way in, and I allowed him to list the house. He was worthless. I sold both houses directly. I spent maybe $400 or $500 on a lawyer to get the purchase agreements perfect. And I was able to reuse that text to buy our next house, so the price of legal fees was not bad.

I strongly suspect that any agent who isolates the owner from the buyer is trying to limit the necessary information in the transaction. And that is, I hope, actionable as fraud in a court of law. "Buyer beware" doctrine is a shitty way to live. We can do better than that.
 
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