In terms of how the overall housing market has been doing lately, it's recovering but not yet recovered, says William Wheaton, a housing economist at MIT.
"There's a lot of discussion right now about how sales should be more robust and they're not, given where we are in this stage of the economic recovery," he says. Americans are buying the same number of homes they were 18 years ago. And Wheaton says the population has grown since, so sales should be stronger.
 |
| Interesting fireworks photo. |
Housing sales will recover when either the prices come down or median incomes go up. People will move when they can afford to move.
ReplyDeleteRaising minimum wages won't do it:
ReplyDeletehttps://fivethirtyeight.com/features/seattles-minimum-wage-hike-may-have-gone-too-far/
:popcorn:
DeleteAmen
ReplyDeleteminimum wage shouldn't change the median income...unless more than half the people make min wage. Minimum wage is a political hot button, but in reality very few people make the actual minimum. Texas is set to the federal minimum of 7.25 but most box stores pay 9 to 11/hr.
ReplyDeleteWe might be in store for.one.of those blowy things. Not named yet.
ReplyDeleteLiz,
ReplyDelete"Outsider" says hi!
Been a long time since a CAT 3 made landfall.
ReplyDeleteMust be that evil climate change.
NOAA is calling it Tropical Depression Four. Evacuating Florida is a nightmare. I was living in Houston when Katrina came thru and it took us 19 hours to drive to San Antonio (normally 3 hours).
ReplyDeleteDon't panic, but if you do panic, panic first
DeleteHow do you evac in a Tesla?
ReplyDeleteWait for lightning? :rimshot:
ReplyDeleteActually the first 250 miles gets you some superchargers.
Florida
Fort Myers, FL I-75 exit 128
Gulf Coast Town Center
Port Orange, FL I-95 exit 256
The Pavilion at Port Orange
Port St. Lucie, FL I-95 exit 121
Town Center at St. Lucie West
St. Augustine, FL I-95 exit 318
St. Augustine Premium Outlets
so a little planning before the power goes out might work.
Good read on the craziness going on up here in home prices. 90% of sales this Spring ended up in bidding wars (according to Redfin)....median sales price just crossed $700K..
ReplyDeletehttp://www.seattletimes.com/pacific-nw-magazine/money-changes-everything-will-seattle-figure-out-how-to-deal-with-its-new-wealth/
Thanks Mike. Good read.
ReplyDeleteSilver. With the Asia flash crash look at this deal: https://www.jmbullion.com/starter-pack/
Trying to see the "catch."
Damn! I knew I should have made my tomato trellises higher than six feet. Over top already.
ReplyDeleteco-worker of my gf just closed on an older (not updated) 1 bdrm condo with significant road noise from the I-5...$390,000 :<o
ReplyDeletesurprised on the map that NC is now in the blue...prices were moving up pretty steadily last time I looked (about a year ago)..Might have to move Raleigh/Charlotte back into consideration for potential retirement locales..
ReplyDeleteoh..now I see they are measuring since 2000..so hard to discern recent trends from that..
ReplyDeleteYou can toggle to look at "since the peak."
ReplyDeleteRob, range is 250 miles, but what is the idle efficiency while the AC is running in 100 degree heat? Evacuations from Miami can take 30+ hours. Lots of cars run out of gas with much more stored energy in the gas tank than a Tesla can hold in its battery. How do you refill a dead tesla on the side of the road in that kind of gridlock?
ReplyDelete100k rioters in germany over the G20 summit
ReplyDeletehttp://nypost.com/2017/07/07/german-police-call-for-reinforcements-to-quell-violent-g20-riots/
Evacuation KEY WEST is not possible. We evacuated for south Dade took 7 hours, which we could deal with. Florda IS BIG. North Fla was not adefected br Andres, which was like a 3o mile tornado. Depends on how big the storm is, where it is going and where you want to go.
ReplyDeleteAffected. ANDREW.
ReplyDeleteI can see it now. A TESLA with a Home Depot generator with a five gallon gas can bungee corded to the roof. Extended miles by maybe 10. :)
ReplyDeleteA stationary bike with a generator and a wire running to the charging port.
ReplyDeleteTonight's concert:
ReplyDeletehttp://www.hollywoodbowl.com/tickets/harry-potter-and-prisoner-of-azkabantm-concert/2017-07-07
pretty sure Elon will send his personal aircraft to rescue any Tesla owners struggling to evacuate FLA.. ;<)
ReplyDeletespeaking of FLA..."FLA man" strikes again..
A 23-year-old Florida man was charged Friday in an incident that court documents say featured wine bottles being smashed over heads, and forced a China-bound flight to return to Sea-Tac Airport on Thursday night.
http://komonews.com/news/local/tampa-florida-man-joseph-daniel-hudek-iv-charged-in-incident-that-forced-plane-back-to-sea-tac
Floridah PERSON hahAhahahaha
DeleteI've never known a Tesla owner to own -just- a Tesla. In fact one owns a GMC Denali. Another Ford F-350. They aren't going to take the Tesla.
ReplyDeleteyeah..they'll probably be towing the Tesla with their Denali
ReplyDeleteHaha
ReplyDeleteDepression went away.
ReplyDeleteThe Tampa to Beijing itinerary should have been HSA's tip that something was awry..
ReplyDeleteThree full names and followed by "the Fourth" was what pinged my radar.
ReplyDeleteNitey nite. T think the hub would have 3 full names and the forth son would be the 5th, but his fist name is not the same.
ReplyDeleteOkay... Granite steps are in... Starting the retaining wall tomorrow. It won't be done before I return to work, but hopefully the foundation will be in
ReplyDeleteWell done Cinco. Hard work like that is very satisfying to me not to mention I don't have to listen to how hard it is to get the sun, moon and the stars in alignment from some clueless kid.
ReplyDeleteStuff like Granite steps is like sending a message to the future.
ReplyDeleteThey're going to be a focal point in the landscaping of that part of the yard
DeleteHow about a granite exterior, where I've always thought they belong. Well maybe not in Kali with earth quakes but Florida where strength might keep your house up.
DeleteSpent the afternoon assembling my new four burner infrared grill with side burner and griddle. Tomorrow filet and shrimp cocktail to try it out.
ReplyDeleteShortly I will be even older than I am now.
ReplyDeleteCurious... Me too...
DeleteIt happens once a year. :)
ReplyDeleteGood morning!
So the movie/concert was great. The live sync was perfect and amazing Williams score. Far richer than just the movie track.
ReplyDeleteTime to build more trellises. Cannot believe the asking prices at the home improvement stores. They want $18 for a trellis and $13 for a two foot tomato plant and $6 for a medium cage. Expensive hobby for some.
Anyone got anything to say about Maria Isabel Garduno-Martinez? Sad but...?
ReplyDeleteClearly a preventable tragedy. No doubt her immigration status prevented her from seeking out the professional help she needed. It's our fault.
My layer of decent soil is a message to the future tooore
ReplyDeleteNew post. Bragging about an old post actually.
ReplyDelete