Housing Market Update (After The Rate Cuts): Here’s What You Can Expect
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About the Author: Patriotman
Patriotman currently ekes out a survivalist lifestyle in a suburban northeastern state as best as he can. He has varied experience in political science, public policy, biological sciences, and higher education. Proudly Catholic and an Eagle Scout, he has no military experience and thus offers a relatable perspective for the average suburban prepper who is preparing for troubled times on the horizon with less than ideal teams and in less than ideal locations.
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GUNS N GEAR
Here in Texas property appraisals continue to go up. Home owners insurance continue to increase. Cutting the FED rate was done for political reason. It was an irresponsible decision. The video over looks that inflation is continuing to go up. Prices have not decreased. Who is $ John Galt?
I think the average vacancy rate for commercial real estate is around 26%. Some major cities are seeing up to 40%. I think one reason the interest rates are being lowered is to prevent banks that have commercial real estate from tanking. Many are over leveraged. Lower interest rates mean that rapacious companies like BlackRock can swallow up residential real estate and keep the median cost of homes up to where most people cannot afford a house. Then BlackRock makes a killing on rentals.