@JeffWeniger @WClementeIII RE is shouldn’t evaluated on a broad national level. Every market is different. What you are indicating in is not indicative of the state, more particularly the location withon the state, I live in. I live in eastern MA and build for a living. Things are not slowing down here.
@JeffWeniger @WClementeIII People with zero real world RE or building experience getting triggered. In general, when retail thinks something is going to happen it has already happened or doesn’t happen at all. We will see what happens though. Either way its fine with me as my positions are solid. GN.
@Markpar30327092 @JeffWeniger @WClementeIII I am also a builder. 25 years. We are as busy as ever. You have to look at local markets.
@Markpar30327092 @JeffWeniger @WClementeIII It’s about to slow brotha. I hope you’ve prepared for it
@Markpar30327092 @JeffWeniger @WClementeIII Location location location
@Markpar30327092 @JeffWeniger @WClementeIII Facts. Florida market not enough homes on the market. It all depends on the area. I don’t see it slowing down here.
@Markpar30327092 @JeffWeniger @WClementeIII It is actually very important to look at housing at a national level. Many banks and lenders are in fact national. It is great to zero in on your area of course, but there is true merit to looking at things at a national level as well.
@Markpar30327092 @JeffWeniger @WClementeIII I am not seeing a catastrophic slowdown either. At least currently.
@Markpar30327092 @JeffWeniger @WClementeIII White rich folks buying even during an economic downturn? Who would’ve thought!
@Markpar30327092 @JeffWeniger @WClementeIII Stick to building. Please do not become an economist.
@Markpar30327092 @JeffWeniger @WClementeIII I agree. Dumpy starter homes in California for $850k do not compare to the new starter homes in the Midwest at $220k with a good local economy. High end everywhere is going to be pretty bad. Like tract houses in California for $1,750k or rural MW for $850k 3 hrs from an airport.