"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

It's coming. Unfortunate if one bought a house the last couple years under biden turbo inflation but that's the price of printing a trillion dollars every few months in hopes of winning re-election for the socialist agenda and creating generational wealth for the asset holders.

This project rocks btw.

Classical architecture, courtyard blocks, transit incorporated, family oriented, nothing not to like. https://t.co/nerQLL4fb3

— Alexander Rotmensz (@AlexRotmensz) May 7, 2025

Definitely feels like the sellers market is collapsing in the Houston area. There are SO MANY homes for sale in nice neighborhoods inside the beltway that have seen price reductions recently.

A house in our neighborhood just sold for 70k less than most homes in the area are appraised. I've seen reductions in the 15-20% range.

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

True..... however only the sellers with good equity in their properties can lower their prices to market demands.

The others either stay put or give their property back to the bank.

Then the investors snap them up.

This cycle has happened at least three times in my experiences.

We need to talk about Texas.

Listings just hit 123,000 in April 2025.

53% higher than normal.

And prices are now dropping across the state. pic.twitter.com/DPkgTiO76u

— Nick Gerli (@nickgerli1) May 8, 2025

KaiBear said:

---

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

True..... however only the sellers with good equity in their properties can lower their prices to market demands.

The others either stay put or give their property back to the bank.

Then the investors snap them up.

This cycle has happened at least three times in my experiences.

---

This is going to be a problem. We are really looking hard for a new house and the market is definitely softening. That's a problem for people that bought at the height of the insanity.

We are seeing some people that need to drop the price to sell but they can't because of what they paid. I've seen lots of houses recently that are priced at what the owner paid for it but they aren't going to sell.

Hoping to snatch up a farm here in the next 45 days.

nein51 said:

---

KaiBear said:

---

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

True..... however only the sellers with good equity in their properties can lower their prices to market demands.

The others either stay put or give their property back to the bank.

Then the investors snap them up.

This cycle has happened at least three times in my experiences.

---

This is going to be a problem. We are really looking hard for a new house and the market is definitely softening. That's a problem for people that bought at the height of the insanity.

We are seeing some people that need to drop the price to sell but they can't because of what they paid. I've seen lots of houses recently that are priced at what the owner paid for it but they aren't going to sell.

Hoping to snatch up a farm here in the next 45 days.

---

I saw the banks foreclose on ranches and farmers throughout West Texas .

Saw bankers foreclose home builders in Colorado left and right.

Which is why I paid off all my loans years ago.

Will never be 'rich' but the banks can't take what my wife and have accumulated either.

That's good enough for me.

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

True..... however only the sellers with good equity in their properties can lower their prices to market demands.

The others either stay put or give their property back to the bank.

Then the investors snap them up.

This cycle has happened at least three times in my experiences.

---

This is going to be a problem. We are really looking hard for a new house and the market is definitely softening. That's a problem for people that bought at the height of the insanity.

We are seeing some people that need to drop the price to sell but they can't because of what they paid. I've seen lots of houses recently that are priced at what the owner paid for it but they aren't going to sell.

Hoping to snatch up a farm here in the next 45 days.

---

I saw the banks foreclose on ranches and farmers throughout West Texas .

Saw bankers foreclose home builders in Colorado left and right.

Which is why I paid off all my loans years ago.

Will never be 'rich' but the banks can't take what my wife and have accumulated either.

That's good enough for me.

---

And that's better than most. After the biden inflation years most all Americans are broke despite what their Facebook says.

Fre3dombear said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

True..... however only the sellers with good equity in their properties can lower their prices to market demands.

The others either stay put or give their property back to the bank.

Then the investors snap them up.

This cycle has happened at least three times in my experiences.

---

This is going to be a problem. We are really looking hard for a new house and the market is definitely softening. That's a problem for people that bought at the height of the insanity.

We are seeing some people that need to drop the price to sell but they can't because of what they paid. I've seen lots of houses recently that are priced at what the owner paid for it but they aren't going to sell.

Hoping to snatch up a farm here in the next 45 days.

---

I saw the banks foreclose on ranches and farmers throughout West Texas .

Saw bankers foreclose home builders in Colorado left and right.

Which is why I paid off all my loans years ago.

Will never be 'rich' but the banks can't take what my wife and have accumulated either.

That's good enough for me.

---

And that's better than most. After the biden inflation years most all Americans are broke despite what their Facebook says.

---

The worst was when I saw bankers intentionally cut the legs off some developers. Kept them on the hook for their deveopment loans but then refused to continue with the necesary construction fiancing. The president of the bank ( who was a good friend of mine ) refused to condone such practices ; so the bank directors fired him and hired another president to do their dirty work,

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

True..... however only the sellers with good equity in their properties can lower their prices to market demands.

The others either stay put or give their property back to the bank.

Then the investors snap them up.

This cycle has happened at least three times in my experiences.

---

This is going to be a problem. We are really looking hard for a new house and the market is definitely softening. That's a problem for people that bought at the height of the insanity.

We are seeing some people that need to drop the price to sell but they can't because of what they paid. I've seen lots of houses recently that are priced at what the owner paid for it but they aren't going to sell.

Hoping to snatch up a farm here in the next 45 days.

---

I saw the banks foreclose on ranches and farmers throughout West Texas .

Saw bankers foreclose home builders in Colorado left and right.

Which is why I paid off all my loans years ago.

Will never be 'rich' but the banks can't take what my wife and have accumulated either.

That's good enough for me.

---

We own our own business. We do what I like to call aggressively medium well lol. That can make financing tricky. Banker calls and says "you put $0 for personal debt, that can't be right". So we spent the next 20 mins making polite side bets when she started looking she would find no debt other than whatever we owe on the business (which isn't much).

We went from "these loans can be difficult" to "approved" in about 48 hours. Amazing what taking care of your money can do for you. Don't sell short owning your stuff. That's the actual American dream. Not some home you can't really afford and a car you can't really afford and 5 credit cards you can barely pay minimums on.

I've made 6 figures for probably 20 years. The house we live in cost me $92,000, it's ghetto adjacent and it's never been "nice". Now, because I own it, I'll double up.

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

True..... however only the sellers with good equity in their properties can lower their prices to market demands.

The others either stay put or give their property back to the bank.

Then the investors snap them up.

This cycle has happened at least three times in my experiences.

---

This is going to be a problem. We are really looking hard for a new house and the market is definitely softening. That's a problem for people that bought at the height of the insanity.

We are seeing some people that need to drop the price to sell but they can't because of what they paid. I've seen lots of houses recently that are priced at what the owner paid for it but they aren't going to sell.

Hoping to snatch up a farm here in the next 45 days.

---

I saw the banks foreclose on ranches and farmers throughout West Texas .

Saw bankers foreclose home builders in Colorado left and right.

Which is why I paid off all my loans years ago.

Will never be 'rich' but the banks can't take what my wife and have accumulated either.

That's good enough for me.

---

We own our own business. We do what I like to call aggressively medium well lol. That can make financing tricky. Banker calls and says "you put $0 for personal debt, that can't be right". So we spent the next 20 mins making polite side bets when she started looking she would find no debt other than whatever we owe on the business (which isn't much).

We went from "these loans can be difficult" to "approved" in about 48 hours. Amazing what taking care of your money can do for you. Don't sell short owning your stuff. That's the actual American dream. Not some home you can't really afford and a car you can't really afford and 5 credit cards you can barely pay minimums on.

I've made 6 figures for probably 20 years. The house we live in cost me $92,000, it's ghetto adjacent and it's never been "nice". Now, because I own it, I'll double up.

---

You are much better off than most. Well done sir.

I saw a blurb while in the air yesterday about the Austin market being down over 20%. Is that true? I could not find the X post later.

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

True..... however only the sellers with good equity in their properties can lower their prices to market demands.

The others either stay put or give their property back to the bank.

Then the investors snap them up.

This cycle has happened at least three times in my experiences.

---

This is going to be a problem. We are really looking hard for a new house and the market is definitely softening. That's a problem for people that bought at the height of the insanity.

We are seeing some people that need to drop the price to sell but they can't because of what they paid. I've seen lots of houses recently that are priced at what the owner paid for it but they aren't going to sell.

Hoping to snatch up a farm here in the next 45 days.

---

I saw the banks foreclose on ranches and farmers throughout West Texas .

Saw bankers foreclose home builders in Colorado left and right.

Which is why I paid off all my loans years ago.

Will never be 'rich' but the banks can't take what my wife and have accumulated either.

That's good enough for me.

---

We own our own business. We do what I like to call aggressively medium well lol. That can make financing tricky. Banker calls and says "you put $0 for personal debt, that can't be right". So we spent the next 20 mins making polite side bets when she started looking she would find no debt other than whatever we owe on the business (which isn't much).

We went from "these loans can be difficult" to "approved" in about 48 hours. Amazing what taking care of your money can do for you. Don't sell short owning your stuff. That's the actual American dream. Not some home you can't really afford and a car you can't really afford and 5 credit cards you can barely pay minimums on.

I've made 6 figures for probably 20 years. The house we live in cost me $92,000, it's ghetto adjacent and it's never been "nice". Now, because I own it, I'll double up.

---

You are much better off than most. Well done sir.

---

I am better off than most. I am blessed beyond measure. I have an amazing wife, a great kid and most of the things a person could want.

Hopefully my son will be set up to be in a great place and he can pass that on to his kids.

sombear said:

---

I saw a blurb while in the air yesterday about the Austin market being down over 20%. Is that true? I could not find the X post later.

---

I could see it being down....but that number seems excessive

TEXAS SENATE JUST PASSED A 6-STORY SINGLE-STAIR BILL 29-2!!!! 🤯🤯🤯

Is TEXAS about to legalize single-stair apartment buildings statewide!? Huge doesn’t even begin to describe this. pic.twitter.com/Nrb6JFhqTS

— YIMBYLAND (@YIMBYLAND) May 9, 2025

Redbrickbear said:

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TEXAS SENATE JUST PASSED A 6-STORY SINGLE-STAIR BILL 29-2!!!! 🤯🤯🤯

Is TEXAS about to legalize single-stair apartment buildings statewide!? Huge doesn’t even begin to describe this. pic.twitter.com/Nrb6JFhqTS

— YIMBYLAND (@YIMBYLAND) May 9, 2025

---

Please educate me on why this is significant.

Increases density and decreases construction costs.

This will be project housing in 10 years, in almost every situation that isn't NYC that's what it ends up being.

KaiBear said:

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Redbrickbear said:

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TEXAS SENATE JUST PASSED A 6-STORY SINGLE-STAIR BILL 29-2!!!! 🤯🤯🤯

Is TEXAS about to legalize single-stair apartment buildings statewide!? Huge doesn’t even begin to describe this. pic.twitter.com/Nrb6JFhqTS

— YIMBYLAND (@YIMBYLAND) May 9, 2025

---

Please educate me on why this is significant.

---

You can build Apartments on smaller lots in cities

[ the heart of the issue is the desire to optimize the use of urban space while ensuring safety and promoting the development of more inclusive, vibrant neighborhoods. The study proposes amendments to the National Building Code, allowing for single-egress up to six stories. Such a move would not only expand the housing market by introducing a broader spectrum of housing types but also enhance affordability and accessibility.]


https://www.archpaper.com/2024/04/vancouver-public-architecture-single-stair/

https://www.vox.com/housing/410115/housing-single-stair-building-code-icc-fire-safety-firefighters-research

nein51 said:

---

Increases density and decreases construction costs.

This will be project housing in 10 years, in almost every situation that isn't NYC that's what it ends up being.

---

What does it mean by 'single stair' ?

Only one set of stairs in the entire building ?

KaiBear said:

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nein51 said:

---

Increases density and decreases construction costs.

This will be project housing in 10 years, in almost every situation that isn't NYC that's what it ends up being.

---

What does it mean by 'single stair' ?

Only one set of stairs in the entire building ?

---

Yep


And with only one set of stairs they are often illegal to build in North America

KaiBear said:

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nein51 said:

---

Increases density and decreases construction costs.

This will be project housing in 10 years, in almost every situation that isn't NYC that's what it ends up being.

---

What does it mean by 'single stair' ?

Only one set of stairs in the entire building ?

---

Single entry. One staircase that goes up. Apartment on 2 or 4 sides. Most of Europe is that way. Lots of NYC is that way.

Typically we have shied away from them as the single stair can create a fire hazard.

It's an idea that SEEMS like a good idea but definitely will turn in to the projects in most instances

Totally agree

What works for Europe will be a ghetto within 15 years in the US.

0% chance that building would actually look like the rendering. Go ahead and add fire escapes somewhere on it and maybe you have a shot.

KaiBear said:

---

Totally agree

What works for Europe will be a ghetto within 15 years in the US.

---

https://www.niskanencenter.org/understanding-single-stair-reform-efforts-across-the-united-states/

There's more information there

nein51 said:

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0% chance that building would actually look like the rendering. Go ahead and add fire escapes somewhere on it and maybe you have a shot.

---

Yea I could see many looking more like this….

Higher density on a single lot is the plan

Fre3dombear said:

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boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

It's coming. Unfortunate if one bought a house the last couple years under biden turbo inflation but that's the price of printing a trillion dollars every few months in hopes of winning re-election for the socialist agenda and creating generational wealth for the asset holders.

---

Come on man. This has nothing to do with ole Joe. People make decisions. If you want to buy a house with high interest rates, that is their choice, so they need to live with it. There is a thing called renting. People do it all the time, including me!

J.R. said:

---

Fre3dombear said:

---

boognish_bear said:

---

"Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates," per FORTUNE.

— unusual_whales (@unusual_whales) May 7, 2025

---

It's coming. Unfortunate if one bought a house the last couple years under biden turbo inflation but that's the price of printing a trillion dollars every few months in hopes of winning re-election for the socialist agenda and creating generational wealth for the asset holders.

---

Come on man. This has nothing to do with ole Joe. People make decisions. If you want to buy a house with high interest rates, that is their choice, so they need to live with it. There is a thing called renting. People do it all the time, including me!

---

My renters have given me an amazing life. Joe directly drove interest rates to 8%ish. That's indisputable. Obama didn't help. It's all an attempt to eventually break DXY

DESANTIS: “You should own your home free and clear!

To say someone who’s been in their home 35 years has to keep ponying up money..

You don’t own your home if that’s the case!

If I go to Best Buy and buy a TV I pay sales tax but don’t keep paying taxes on it year after year!” pic.twitter.com/sgv7GIhKbc

— Chris Nelson (@ReOpenChris) May 9, 2025

He's right. You never really own it.

According to Zillow, there are 800 homes for sale in Prosper, TX

Over 100 of them are in one neighborhood, Star Trail

😳 pic.twitter.com/sqcZU3nBAE

— Amy Nixon (@texasrunnerDFW) May 10, 2025

I sure wish this man was our President! Donald Trump is taxing Americans for products not even made in the United States. And if someone wants to buy them, they are also charged a sales tax. Let that sink in. And most of the Proles have no problem with it.

I was clicking through that neighborhood on google maps and I can't imagine why anyone would pay a million+ to live there.

A house across the street from my daughter's house went on the market yesterday.

2000sf finished ranch style with a 75% finished basement .
3 car garage , no one behind them and very nice views.

Asking 1.14 million.

Called my realtor about the house as potentially an executive rental.

Told me they already have six offers.

A Construction Manager whose company focusses 100% on Residential Construction in the DFW Metroplex reached out and told me they just laid off nearly 20% of their employees

— Amy Nixon (@texasrunnerDFW) May 11, 2025