Are you buying some kind of specialty deodorant? I just bought 3 sticks for $9 total literally last week. Old Spice.
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Bearpitbull said:
But just to clarify, we are all rooting for good economic news right? You know, for our neighbors and all, right?
Ol_Ag_02 said:Logos Stick said:
If energy prices dont affect you, that's great. Please educate us on how to get around that.
Simple don't buy, rent, or consume stuff.
LOl you are claiming that housing prices will DROP in 2024?hph6203 said:
I said the expectation was that housing would go deflationary next year, not on the next report. You said that wasn't possible. I explained how it was possible.
So there are definitely competing narratives. There is a LOT of spec inventory right now that is not even reported in permitting. There is a LOT of off MLS inventory. Particularly focusing on the institutional owners of property spec built for rent - flooding the MLS is counterproductive.LMCane said:LOl you are claiming that housing prices will DROP in 2024?hph6203 said:
I said the expectation was that housing would go deflationary next year, not on the next report. You said that wasn't possible. I explained how it was possible.
at the same time mortgage rates are supposedly going to be lowered?
so there is a massive demand now but no supply of affordable housing -
and in your mind once there is an even greater demand with lower mortgage interest rates the price of housing will then go DOWN?!?
Sims said:So there are definitely competing narratives. There is a LOT of spec inventory right now that is not even reported in permitting. There is a LOT of off MLS inventory. Particularly focusing on the institutional owners of property spec built for rent - flooding the MLS is counterproductive.LMCane said:LOl you are claiming that housing prices will DROP in 2024?hph6203 said:
I said the expectation was that housing would go deflationary next year, not on the next report. You said that wasn't possible. I explained how it was possible.
at the same time mortgage rates are supposedly going to be lowered?
so there is a massive demand now but no supply of affordable housing -
and in your mind once there is an even greater demand with lower mortgage interest rates the price of housing will then go DOWN?!?
Also, since there is very little transaction velocity, the large builders are able to keep the homes on their balance sheet at cost rather than adjust to market. Once we get through an audit cycle...you're going to see a lot of significant home builder stress. They're going to have to start liquidating which will lead to significant market adjustments.
Those price adjustments may be offset or they may not be. It's not unthinkable to think we could see a very large correction in housing prices even in the face of lower rates.
Inflation is their argument, their real reasoning is present leverage and dwindling leverage over time. This is their best opportunity to get as much as possible.evan_aggie said:
UAW asking for 40% increase to cover inflation over the last 4 years. So 8%-9% compounded, but Bidenomics says < 15% in 2 years?