AgsMyDude said:

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YouBet said:

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htxag09 said:

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Has everyone manipulated the meaning or is it just complex?

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Of course it's complex but we have people that know better abjectly claiming things are pretty good and that recession is a not even likely which is flat out gaslighting.

Some of these same people were surprised by the run up in inflation last year despite printing 40% of all money that ever existed in such a short time period.

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How can people claim a recession isn't likely when we're literally in one by definition as I type this?

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I have no idea. Ask Goldman Sachs, for one. They are pollyanna on the economy right now and think we are mostly good to go. Predicting a 35% chance of recession in next year and that we've never entered one all this time.

To emphasize their point they shared this quote from Federal Reserve Bank of St. Louis President James Bullard:

Quote:

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I actually think we will be fine…It is a little early to have this debate about recession probabilities in the US. It would be unusual to go back into recession at this stage.

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A little too early!!!!! The gaslighting is unreal.

Builders are contacting me letting me know they have additional inventory after buyers walked away. Perry Homes offering $100K incentives

YouBet said:

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htxag09 said:

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Slightly above $1mm

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Makes sense. What i meant to type (honestly) is that there seems to be a donut hole where homes $700k-$1M are left out in the cold. Houses above and below that are still moving. Tells me that the middle class has been regulated to below $700k and the rich can still play.

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Well, the house I was talking about has been on the market since Thursday, viewings started Friday. We were just notified they have multiple offers and we have until 6 today to submit our best offer.

Dan Scott said:

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Builders are contacting me letting me know they have additional inventory after buyers walked away. Perry Homes offering $100K incentives

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Wow. Which metro is this?

Last I had saw in Dallas was $60K off the price and $20K in closing costs credit AND 5% to the realtor for any inventory home purchase.

htxag09 said:

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YouBet said:

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htxag09 said:

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Slightly above $1mm

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Makes sense. What i meant to type (honestly) is that there seems to be a donut hole where homes $700k-$1M are left out in the cold. Houses above and below that are still moving. Tells me that the middle class has been regulated to below $700k and the rich can still play.

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Well, the house I was talking about has been on the market since Thursday, viewings started Friday. We were just notified they have multiple offers and we have until 6 today to submit our best offer.

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Sorry to hear that. I do know of a house for sale in Dallas if you are interested.

Houston. Working with Jamie. Tell him to work his magic

6 offers. A couple "significantly over asking" and cash

That price point still seems very active.