KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

TinFoilHatPreacherBear said:

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FLBear5630 said:

---

KaiBear said:

---

Married A Horn said:

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KaiBear said:

---

We haven't seen anything yet.

Just watch when Musk begins investigating the Pentagon.

---

One of the largest portions of the budget. Probably one of the largest areas for waste.

Not to mention never passing an audit.

---

Exactly

Honestly expecting him to find at least 300 BILLION in waste and grift.

Now the leftists will love these kind of results.

Only to start howling once again when Musk investigates the mother loads of food stamps, disability payments, Medicare and social security.

There I honestly expect him to discover at least a TRILLION in waste and grift.

---

You really think they, including Trump, will want the Pentagon cut AND passing an audit? You guys don't really think the Pentagon can't pass an audit? They, nor anyone else, wants them to pass. Too many agendas being played out and too many weapons systems being researched and developed. I bet there will be some token HR stuff and move on to HHR and other social services.

---

Yeah, I don't think we'll be doing this audit bit for the pentagon, initially anyway. They need time to shuffle stuff around to the right places. But they will eventually pass an audit, as that is one of the priorities from Hegseth.

---

Excellent point. Maybe we will finally be honest with each other that complete transparency is not a good thing, especially in defense, homeland security and intel. Then we can stop seeing the BS $750 hammer. Let's be adults and recognize there is development cost, not everyone can do this stuff and not every program is going to be successful. They have made DoD play games since Clinton. Reagan challenged them to create "Star Wars", it never came about but we got the Patriot, the Iron Dome started with tech from that program and a host of other capabilities. I am sick of people not knowing what they are talking about and forcing those that do to play games. Hopefully, Hegwoth stops that and calls it what it really is.

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Tampa has stabilized, but we are still seeing $550k for a 4/2 with a pool in a good school system. In 2012, was 200k. Know many getting the equity out to pay off other debt with it.

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Without federal jobs coming up the number of buyers in relation to the number of available homes is going to result in a free fall.

Florida is just beginning to enter its crash.

Unless interest rates drop to 5.5% your 4th quarter is going to be ugly.

Trump suggests the U.S. will continue to send "secured" aid to Ukraine in exchange for rare earth. "If we didn't do that, then Putin would say he won. We're the thing that's holding it back. We'll go as long as we have to go." pic.twitter.com/dmXzWR35pP

— unusual_whales (@unusual_whales) February 16, 2025

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Tampa has stabilized, but we are still seeing $550k for a 4/2 with a pool in a good school system. In 2012, was 200k. Know many getting the equity out to pay off other debt with it.

---

Yeah I want a place in the Cuban part of Florida not the meth part of Florida lol (sorry I couldn't resist).

Tampa also has been destroyed a couple times in recent memory which can hurt values.

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Tampa has stabilized, but we are still seeing $550k for a 4/2 with a pool in a good school system. In 2012, was 200k. Know many getting the equity out to pay off other debt with it.

---

Yeah I want a place in the Cuban part of Florida not the meth part of Florida lol (sorry I couldn't resist).

Tampa also has been destroyed a couple times in recent memory which can hurt values.

---

What is the best area of Miami for a max price of 1 million ?

🚨 WATCH: President Trump just did an EPIC flyover at the Daytona 500

The crowd went absolutely WILD! 🔥

It’s like one big MAGA rally!
pic.twitter.com/VujMEBZpZo

— Nick Sortor (@nicksortor) February 16, 2025

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Without federal jobs coming up the number of buyers in relation to the number of available homes is going to result in a free fall.

Florida is just beginning to enter its crash.

Unless interest rates drop to 5.5% your 4th quarter is going to be ugly.

---

Florida is more fixed income dependent. As long as SS and Medicare are ok, we are fine. We do not have a lot of Federal bureaucracy. We have a lot of military and space, both should survive Trump's pen, at least with Elon. Helps Mar Lago is here too...

KaiBear said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Tampa has stabilized, but we are still seeing $550k for a 4/2 with a pool in a good school system. In 2012, was 200k. Know many getting the equity out to pay off other debt with it.

---

Yeah I want a place in the Cuban part of Florida not the meth part of Florida lol (sorry I couldn't resist).

Tampa also has been destroyed a couple times in recent memory which can hurt values.

---

What is the best area of Miami for a max price of 1 million ?

---

So I hate to be "that guy" but that's near impossible to answer. Best depends on what you like and what you want to do. It probably also depends on what you want for your million dollars.

Coral Gables is nice but it would be hard to get there for a million.

Take Old Cutler Rd south from Gables Estates to Cutler there are hundreds of homes that anyone would be proud to own.

Coconut Grove is historic and anything near Viscaya is quite nice.

Brickell is the younger part of Miami but that's downtown living a lot like NYC. Very walkable and there's a lot of stuff there. Would be a sky rise or a condo but a million would go a long way in most buildings.

Miami Shores/Biscayne Park is great money for value. Very suburban but still close to the water, you can be in Surfside really quickly.

Aventura is like DFW- specifically the Plano(ish) area. High end stuff everywhere. Pretty close Sunny Isles. Could easily get a realllly nice condo there for a million.

If money is no object Bal Harbour but you're not getting anything there for a million that's worth owning (in general). You're also across the causeway/intercoastal so if the water comes to you that could be a problem.

Jacques Strap said:

---

She has an interesting take on free speech in Nazi Germany.

How little do you have to know about Nazi Germany to believe that it was a place where free speech was the problem?

The Nazis didn’t weaponize free speech, they abolished it. People were regularly sent to prisons and even concentration camps for speaking out against the regime. https://t.co/PLQkEbkDxc

— AG (@AGHamilton29) February 16, 2025

---

It only adds to the madness of the Liberal Westerner freaked out about the ADF…. that the ADF (and other parties like them in the EU)….are basically socially moderate, economically to the Left with support for strong welfare state and benefits , strong anti-war factions….they are only rightwing on the idea of not bringing in endless millions of Muslim MENA migrants

ADF has its biggest support in the old East Germany….the least religious part of the country and the most likely to support State jobs and State Welfare (old left wing priorities)

I’m sensing a huge political war between the EU and the US concerning the upcoming Germany elections, if the ADf wins, EU would likely want to nullify it as they did in Romania. But the US would reject that decision.
Brace up!

— Samuel Prayer .D (@SammiesDee) February 16, 2025

I love how easy it is to tell the demographics here

SPD getting the post-ww2 boomers from ruhr and east frisia.

CDU getting most of the West German heartlands especially the south.

Greens getting some university cities.

AfD taking East Germany but also breaking into the west. https://t.co/BaiKIrtpco

— Misheru Katorin 🇳🇱 (@MKatorin) February 14, 2025

nein51 said:

---

KaiBear said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Tampa has stabilized, but we are still seeing $550k for a 4/2 with a pool in a good school system. In 2012, was 200k. Know many getting the equity out to pay off other debt with it.

---

Yeah I want a place in the Cuban part of Florida not the meth part of Florida lol (sorry I couldn't resist).

Tampa also has been destroyed a couple times in recent memory which can hurt values.

---

What is the best area of Miami for a max price of 1 million ?

---

So I hate to be "that guy" but that's near impossible to answer. Best depends on what you like and what you want to do. It probably also depends on what you want for your million dollars.

Coral Gables is nice but it would be hard to get there for a million.

Take Old Cutler Rd south from Gables Estates to Cutler there are hundreds of homes that anyone would be proud to own.

Coconut Grove is historic and anything near Viscaya is quite nice.

Brickell is the younger part of Miami but that's downtown living a lot like NYC. Very walkable and there's a lot of stuff there. Would be a sky rise or a condo but a million would go a long way in most buildings.

Miami Shores/Biscayne Park is great money for value. Very suburban but still close to the water, you can be in Surfside really quickly.

Aventura is like DFW- specifically the Plano(ish) area. High end stuff everywhere. Pretty close Sunny Isles. Could easily get a realllly nice condo there for a million.

If money is no object Bal Harbour but you're not getting anything there for a million that's worth owning (in general). You're also across the causeway/intercoastal so if the water comes to you that could be a problem.

---

I like Jupiter, but that is a bit north (north of Palm Beach). If you want south, I like Boca north of Lauderdale. See a trend?

Sunrise is nice, not sure a million will get you there. But, coming from COL you can see the Avs play the Panthers easily. Plantation has a nice small town feel. But these are Lauderdale area. Miami most of us stay away if we can help it!

Yeah. We disagree. Most of them are evil.

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Tampa has stabilized, but we are still seeing $550k for a 4/2 with a pool in a good school system. In 2012, was 200k. Know many getting the equity out to pay off other debt with it.

---

Yeah I want a place in the Cuban part of Florida not the meth part of Florida lol (sorry I couldn't resist).

Tampa also has been destroyed a couple times in recent memory which can hurt values.

---

What is the best area of Miami for a max price of 1 million ?

---

So I hate to be "that guy" but that's near impossible to answer. Best depends on what you like and what you want to do. It probably also depends on what you want for your million dollars.

Coral Gables is nice but it would be hard to get there for a million.

Take Old Cutler Rd south from Gables Estates to Cutler there are hundreds of homes that anyone would be proud to own.

Coconut Grove is historic and anything near Viscaya is quite nice.

Brickell is the younger part of Miami but that's downtown living a lot like NYC. Very walkable and there's a lot of stuff there. Would be a sky rise or a condo but a million would go a long way in most buildings.

Miami Shores/Biscayne Park is great money for value. Very suburban but still close to the water, you can be in Surfside really quickly.

Aventura is like DFW- specifically the Plano(ish) area. High end stuff everywhere. Pretty close Sunny Isles. Could easily get a realllly nice condo there for a million.

If money is no object Bal Harbour but you're not getting anything there for a million that's worth owning (in general). You're also across the causeway/intercoastal so if the water comes to you that could be a problem.

---

I like Jupiter, but that is a bit north (north of Palm Beach). If you want south, I like Boca north of Lauderdale. See a trend?

Sunrise is nice, not sure a million will get you there. But, coming from COL you can see the Avs play the Panthers easily. Plantation has a nice small town feel. But these are Lauderdale area. Miami most of us stay away if we can help it!

---

Palm Beach and Boca aren't south. They are full *OLD* people. Lauderdale is fine but too far north for my tastes. Once you get north of Lauderdale it just gets progressively older. It's nice but…boring? If you like golf it's probably great.

I really want to be South of Lauderdale by a good clip.

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

It's supply and demand at warp speed

If allowed to play out naturally, it will all stabilize.

That's a big "IF"

KaiBear said:

---

Disagree

Trump wants peace and a smaller, less expensive, more efficient military.

Musk is going to have a field day in the pentagon.

---

And cooperation from Hegseth, a no nonsense type. I think they will do some great things.

Yes, there are obvious limits to transparency when it comes to national security and intelligence issues. I feel much more comfortable about those issues today than last year. Now we have adults in charge who don't need to have their diapers changed and who actually know the difference between men & women!

If the population of the beltway area was artificially increased because of the explosion of federal workers under the fascists, then a restoration of normal levels of govt workers and housing is a necessary correction. In time, it should normalize benefitting everyone.

Redbrickbear said:

---

🚨 WATCH: President Trump just did an EPIC flyover at the Daytona 500

The crowd went absolutely WILD! 🔥

It’s like one big MAGA rally!
pic.twitter.com/VujMEBZpZo

— Nick Sortor (@nicksortor) February 16, 2025

---

The ultimate flyover!

boognish_bear said:

---

How can she say that with a straight face?

CBS’s Margaret Brennan tried to scold Rubio for JD Vance’s words about the importance of free speech at the Munich Security Conference.

She claims Nazi Germany used free speech to perpetrate the Holocaust.

Rubio swiftly told her that there was no free speech in Nazi Germany. pic.twitter.com/SXfvhM5o4T

— Visegrád 24 (@visegrad24) February 16, 2025

---

Complete historical ignorance + TDS

boognish_bear said:

---

How can she say that with a straight face?

CBS’s Margaret Brennan tried to scold Rubio for JD Vance’s words about the importance of free speech at the Munich Security Conference.

She claims Nazi Germany used free speech to perpetrate the Holocaust.

Rubio swiftly told her that there was no free speech in Nazi Germany. pic.twitter.com/SXfvhM5o4T

— Visegrád 24 (@visegrad24) February 16, 2025

---

Paid enough money to say whatever?
And in this case, it really is a "whatever" statement.

I now know who flat earthers could pay big money to push their ideas.

Trump on the EU possibly banning food imports from the US: "I don't mind. Let them do it. Let them do it." pic.twitter.com/TeytwZhl8f

— Aaron Rupar (@atrupar) February 16, 2025

The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency's plans, and cuts could happen as soon as next week. https://t.co/CbMRr2ayco

— WFAA (@wfaa) February 16, 2025

BREAKING:

Starmer announces the UK is ready to place troops in Ukraine:

“The UK is ready to play a leading role in accelerating work on security guarantees for Ukraine (…) It also means being ready and willing to contribute to security guarantees to Ukraine by putting our own… pic.twitter.com/jKdpZTsXm3

— Visegrád 24 (@visegrad24) February 16, 2025

historian said:

---

boognish_bear said:

---

How can she say that with a straight face?

CBS’s Margaret Brennan tried to scold Rubio for JD Vance’s words about the importance of free speech at the Munich Security Conference.

She claims Nazi Germany used free speech to perpetrate the Holocaust.

Rubio swiftly told her that there was no free speech in Nazi Germany. pic.twitter.com/SXfvhM5o4T

— Visegrád 24 (@visegrad24) February 16, 2025

---

Complete historical ignorance + TDS

---

Yep

nein51 said:

---

KaiBear said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

Jacques Strap said:

---

I have some sympathy for these folks. I lost money on a house I bought in 1985 or 1986 in Plano and sold in late 1987 when I took a job out of state. No fun to be the seller and have to write a check at the closing table.

This is absolutely insane:

Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000.

In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC.

What is happening? Let us explain.

(a thread) pic.twitter.com/rPyp4fFvzN

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

---

Given how fast the market has moved on housing as long as they have owned for a little while most are probably just fine.

---

Disagree

Market is in a free fall.

Same in parts of Florida.

---

If they bought 18 months ago they are likely fine and the "loss" is the loss of equity position. If they bought pre 2020 they should be really good. RE, in general, is overvalued right now.

And the market in Florida has shifted but it's damned sure not in free fall. If it was I would be posting from my place in Miami with a backyard pool and not from the living room while it's rapidly snowing out lol

---

Tampa has stabilized, but we are still seeing $550k for a 4/2 with a pool in a good school system. In 2012, was 200k. Know many getting the equity out to pay off other debt with it.

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Yeah I want a place in the Cuban part of Florida not the meth part of Florida lol (sorry I couldn't resist).

Tampa also has been destroyed a couple times in recent memory which can hurt values.

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What is the best area of Miami for a max price of 1 million ?

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So I hate to be "that guy" but that's near impossible to answer. Best depends on what you like and what you want to do. It probably also depends on what you want for your million dollars.

Coral Gables is nice but it would be hard to get there for a million.

Take Old Cutler Rd south from Gables Estates to Cutler there are hundreds of homes that anyone would be proud to own.

Coconut Grove is historic and anything near Viscaya is quite nice.

Brickell is the younger part of Miami but that's downtown living a lot like NYC. Very walkable and there's a lot of stuff there. Would be a sky rise or a condo but a million would go a long way in most buildings.

Miami Shores/Biscayne Park is great money for value. Very suburban but still close to the water, you can be in Surfside really quickly.

Aventura is like DFW- specifically the Plano(ish) area. High end stuff everywhere. Pretty close Sunny Isles. Could easily get a realllly nice condo there for a million.

If money is no object Bal Harbour but you're not getting anything there for a million that's worth owning (in general). You're also across the causeway/intercoastal so if the water comes to you that could be a problem.

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OK then.

1.5 million

Condo or townhouse gated


I do appreciate your time and will not ask any more questions.

boognish_bear said:

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How much food do we actually get from Europe? I doubt it's very much compared to Latin America.

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