holy shit i'm seeing price cuts on a lot of affordable homes in a ruralish city in south carolina that still has a cute moderately-sized downtown :eyes_fast: :eyes_fast: :eyes_fast:
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受不了包 (shibao@misskey.bubbletea.dev)'s status on Friday, 09-Aug-2024 05:45:08 JST 受不了包 - kaia and iced depresso like this.
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iced depresso (icedquinn@blob.cat)'s status on Friday, 09-Aug-2024 05:45:34 JST iced depresso @shibao whats wrong with the houses -
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受不了包 (shibao@misskey.bubbletea.dev)'s status on Friday, 09-Aug-2024 05:46:17 JST 受不了包 @icedquinn@blob.cat i think it's just that right now everyone is waiting for rate cuts to get a house so if it's not selling now it's not going to sell until after september, but maybe this area is actually starting to have some seller capitulation
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iced depresso (icedquinn@blob.cat)'s status on Friday, 09-Aug-2024 05:48:26 JST iced depresso @shibao usually right now if the price dumps its because the house has something they're hiding, or the local government is shit. black rock will snipe it otherwise (they've been buying everything) -
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kaia (kaia@brotka.st)'s status on Friday, 09-Aug-2024 06:01:22 JST kaia @shibao maybe wait a bit. it will get worse (tm) -
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受不了包 (shibao@misskey.bubbletea.dev)'s status on Friday, 09-Aug-2024 06:23:19 JST 受不了包 @icedquinn@blob.cat there's ones that are clearly below market rate where sellers have backed out but that's not what i'm seeing, i'm seeing price cuts across the board
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™️¥ (tomey@shitposter.world)'s status on Friday, 09-Aug-2024 06:24:04 JST ™️¥ @icedquinn @shibao the market just went into a slump a few weeks ago. Houses around me were selling left and right for crazy prices and then all of a sudden everything stopped and prices are now being cut. 受不了包 likes this. -
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受不了包 (shibao@misskey.bubbletea.dev)'s status on Friday, 09-Aug-2024 06:29:59 JST 受不了包 @kaia@brotka.st i think i might do this since it's pretty likely, i am just really excited to see any movement down, i just really hope fed rate cuts don't immediately thanos snap and reverse this trend if there are a lot of people waiting to buy a house with lower rates or something
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