Posted by donkeyface on 1st of Nov 2022 at 03:49 am
Fundamentals are boring, except WHEN ALL OF THEM ARE BAD and
worsening. I work (little remote IT part time job to help a buddy)
in real estate education business (continuing ed, licensing,
mortgage licensing, etc), and real estate is going to get crushed
& how bad it will be hasn’t really kicked in yet, but it’s
coming fast.
Real estate agents are going to go from making more than they
ever have (and it’s not even close) to making almost nothing.
The re market (commercial and residential) are already
basically frozen; these agents were selling homes / buildings
above ask the first day they hit the market just a few months ago
& now….. selling next to nothing.
I don’t know if it’s 2008 bad but wouldn’t be surprised,
based on the things I’m hearing and seeing anecdotally it
could be worse.
This is pretty scary stuff. Like that UoM chart
(attached)
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Fundamentals are boring, except WHEN
Rent delinquency rates among US small businesses increased significantly this ...
Posted by donkeyface on 1st of Nov 2022 at 03:49 am
Fundamentals are boring, except WHEN ALL OF THEM ARE BAD and worsening. I work (little remote IT part time job to help a buddy) in real estate education business (continuing ed, licensing, mortgage licensing, etc), and real estate is going to get crushed & how bad it will be hasn’t really kicked in yet, but it’s coming fast.
Real estate agents are going to go from making more than they ever have (and it’s not even close) to making almost nothing. The re market (commercial and residential) are already basically frozen; these agents were selling homes / buildings above ask the first day they hit the market just a few months ago & now….. selling next to nothing.
I don’t know if it’s 2008 bad but wouldn’t be surprised, based on the things I’m hearing and seeing anecdotally it could be worse.
This is pretty scary stuff. Like that UoM chart (attached)