Who else is dead slow lately?

[glenn walker]

Your so dead you set up a GoFundMe on the AF because your family won't have enough in your business account to bury or cremate you if you die.

 

[Sandra Koutsopoulos]

January "Pending Sales" per Nat'l Assoc of Realtors said yesterday that January pending sales were the lowest (down 4.6%) since they started keeping track in 2001.
Combination of factors, perhaps. Increasing prices combined with stubborn interest rates, combined with low temps, fires, floods & snow?

And also some consumer uncertainty as to what is in store for the next 6 months economically. Previously 'secure' government jobs in particular have suddenly become targeted, with many in very specialized fields abruptly getting their walking papers. I suspect those employees didn't see themselves as potentially jobless, income-less, or losing their homes in foreclosure within the next 6 months (unemployment compensation will be inadequate to support their lifestyles). In the real estate marketplace, does that mean a bunch more houses will hit the market as those execs try to save themselves? Are their potential buyers confident enough in the economy going forward to offer current prices for those houses? or will we see some market value erosion as more exec homes hit the market than are likely to be absorbed? I would think areas around D.C. might have an extra bad time of it.

And beyond the "executive" class of government employees, there is the trickle-down effect in the economy for the still-working who may feel they are also in jeopardy. And if everybody hangs on more tightly to their dollars in anticipation of rough times in near future, will folks put off purchasing furniture and clothing, car repairs and restaurant food, airplane travel and auto purchases? Uh-oh. There is an old saying, "It's not what happened to you that's important; it's what you THINK happened to you that's important." Even if ppl haven't been directly affected by this swarm of firings, they may THINK they WILL be affected, and that affects their behavior.

Making a big, long-term financial decision (like buying a house) may be put aside until folks feel comfortable with the outlook of their financial future.

 

[Fernando]

US economy was kept going by Biden's fiscal spending. Whether you agree or not, government spending helps our economy.
Now with Trump cutting government, the ripple effects are being felt.
Universities have less money thus hiring freeze and higher tuition.
Biden's Inflation Act had billions given to Green, Climate, Semiconductor industries.
And what does Trump do but raise tariffs, raising prices, and cut jobs and let Jan 6 and criminals like NYC mayor off free and screw our allies.

 

[Tim Hicks (Texas)]

I've decided if appraising fails, I'm gonna start selling umbrellas and tissues. God knows we're gonna need a LOT of those over the next 4 years.

Why can't they just be quiet and patient like we were for the past four years?

 

[J Grant]

Why can't they just be quiet and patient like we were for the past four years?

Lol, quiet and patient?
All you guys did was beech and whine and blame Biden for everything and invent smoke trails and imaginary conspiracy theories about Hunter's laptop -

 

[cashcatz]

government spending helps our economy

Until it doesn't. Have you noticed the price of food? Not to mention the enormous wealth transfer that the COVID money printing caused. Asset owners got richer because money poured into real estate and a few other places, "working class" (don't love that term, but whatever), got further behind - in fact, they got shafted big time. 3rd order effects of shutting the economy down and stimulating it with cash to offset it. Money doesn't grow on trees.

 

[TC]

Well, I billed $125 less than last February. Damn that Trump!

Diet Coke costs more than this time last year. Outrage.

 

[Essexfenwick]

US economy was kept going by Biden's fiscal spending. Whether you agree or not, government spending helps our economy.
Now with Trump cutting government, the ripple effects are being felt.
Universities have less money thus hiring freeze and higher tuition.
Biden's Inflation Act had billions given to Green, Climate, Semiconductor industries.
And what does Trump do but raise tariffs, raising prices, and cut jobs and let Jan 6 and criminals like NYC mayor off free and screw our allies.

That got us to 36 trillion in debt.

We caught the can and there’s no more road. Interest payments on the debt have rocketed past the entire defense budget.

These decisions aren’t a choice anymore. Without huge changes there will be decades of stagflation or a currency collapse.

If green energy or semiconductor business is viable it shouldn’t require government training wheels. Universities need to transform. The current bloated and sloppy model is unsustainable. Universities using tech should be a tiny fraction of what they are charging.

The talk of auditing the Fed and Fort Knox… releasing Epstein, JFK, RFK, MLK files is interesting but hard to believe any jaw dropping details haven’t been scrubbed years ago. The government and country can’t afford to expose its damaging lies and corruption.

 

[Zoe]

That got us to 36 trillion in debt.

We caught the can and there’s no more road. Interest payments on the debt have rocketed past the entire defense budget.

These decisions aren’t a choice anymore. Without huge changes there will be decades of stagflation or a currency collapse.

If green energy or semiconductor business is viable it shouldn’t require government training wheels. Universities need to transform. The current bloated and sloppy model is unsustainable. Universities using tech should be a tiny fraction of what they are charging.

The talk of auditing the Fed and Fort Knox… releasing Epstein, JFK, RFK, MLK files is interesting but hard to believe any jaw dropping details haven’t been scrubbed years ago. The government and country can’t afford to expose its damaging lies and corruption.

The pandemic, which started under trump made the debt soar. Trump shut businesses down and gave out billions to people that didn't even need the money. That was taxpayer money Trump gave out.

My brother in law has a business and got like $250K free money they did not have to pay back. His business was booming in the pandemic selling janitorial supplies.

Biden would have gave out more free money when he took office but Congress blocked it thankfully. That helped slow inflation but all those people went back to work under Biden after the pandemic, which fueled inflation back.

 

[Zoe]

These waivers and hybrids have to be slowing the appraisal business down. No way around it unless congress or some federal regulatory authority takes some kind of action.

Commingling of fees between appraisal and appraisal management companies on truth in lending disclosures is still killing the business also. An appraisal management fee should be disclosed to borrowers as such and an appraisal fee should be disclosed to borrowers as such.

It would created intense competition between AMCs.