Stock Market is the bottom in?

[Howboutthemdawgs]

Florida is unique in that the insurance market is driving people out. Condos are seeing a huge jump in dues ! I think the market is definitely down in retirement areas.

My wife sells real estate in lake country in Minnesota and she is so busy, I rarely see her . Maybe busiest ever in her career It’s unreal. Lake homes, cabins, lots are still in solid demand.
Another hot type of property is a home with a shed on 5-20 acres (hobby farm) …Insane demand for that type of property!

Even a modest house that’s listed for $175,000 in a small town of 1500 people with get 2-5 offers on it if it’s priced right .

Guess walz isn’t running that state into the ground?

 

[Mortenson]

Guess walz isn’t running that state into the ground?

Not in primo lakes country. Check other places.

 

[Hoytvectrix]

I'm absolutely feeling the higher interest rates. When I bought my farm with a brother two years ago the rates were and still are the highest they have been in more than a decade. I would love for them to come down to what Trump is talking. Considering Trump's track record with the tariffs, it isn't all that confidence instilling when he pulls a number out of his ass. Especially for something like the Fed Prime rate that is apparently tricky even for experts in macro economics.

 

[Howboutthemdawgs]

Not in primo lakes country. Check other places.

This is where I can’t help play devils advocate. A governor is a governor over a whole state. Sounds like lake country is super desirable with bidding wars in a high interest rate, depressed market. Go try to buy a house in California right now. Good luck. Price farm land in Illinois. All three have certified socialist governors. My state which is extremely red and like bill said, Florida are taking a giant turd in the housing market. So what’s the truth? Do policies a) not matter on a state level b) liberal ideals are not bad for an economy c) people will prioritize their desire to be somewhere all else be damned?
I don’t know but all I hear is how bad California, Illinois and Minnesota politics are but apparently people will still pay a premium to be there

 

[Brian662]

Real estate is still doing well in rural MN as well, fwiw.

 

[Westwind]

From a newsletter I get.

 

[Mortenson]

This is where I can’t help play devils advocate. A governor is a governor over a whole state. Sounds like lake country is super desirable with bidding wars in a high interest rate, depressed market. Go try to buy a house in California right now. Good luck. Price farm land in Illinois. All three have certified socialist governors. My state which is extremely red and like bill said, Florida are taking a giant turd in the housing market. So what’s the truth? Do policies a) not matter on a state level b) liberal ideals are not bad for an economy c) people will prioritize their desire to be somewhere all else be damned?
I don’t know but all I hear is how bad California, Illinois and Minnesota politics are but apparently people will still pay a premium to be there

C mostly, in my opinion.

 

[Foggy47]

This is where I can’t help play devils advocate. A governor is a governor over a whole state. Sounds like lake country is super desirable with bidding wars in a high interest rate, depressed market. Go try to buy a house in California right now. Good luck. Price farm land in Illinois. All three have certified socialist governors. My state which is extremely red and like bill said, Florida are taking a giant turd in the housing market. So what’s the truth? Do policies a) not matter on a state level b) liberal ideals are not bad for an economy c) people will prioritize their desire to be somewhere all else be damned?
I don’t know but all I hear is how bad California, Illinois and Minnesota politics are but apparently people will still pay a premium to be there

It's strange I will grant you that. The thing is.....there is allot of variation from the cities to the countryside in real estate markets.....and politics too. MOST of outstate Minnesota is nothing like the metro areas. Same goes for California. I do not know about Florida....but they have some huge weather and insurance issues that have contributed to their issues.....not to mention the political climate there.

Lots of factors happening everywhere.....and hard to place a "blame" on any one thing. Even small neighborhoods in my community in AZ have different political perspectives ......at least according to lawn signs last fall. The folks that moved to AZ recently are mostly from CA, WA, OR, and CO....and they are far more liberal than those that moved here in prior years. Not sure what to think....as they were moving away from thee issues they had....only to vote in favor of the same chit. Stupid or what???

 

[SD51555]

I don’t think it’s a real estate boom. It’s a bust and people are on the run. Urban cores all over are rapidly turning into hell holes and even the liberals are bailing out. It’s people on the run from collapsing cities and schools.

Crime doesn’t care if you have a rainbow sticker on your suburu. I keep paying higher and higher rents to stay out of apartment buildings that wreak of Indian food, weed, and body odor. But those places inevitably fall and fill up with trash people, and I don’t have the foggiest idea who’s paying the rent, cause these people ain’t working.


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[Westwind]

I can’t post a link, (haven’t figured out how Substack actually works) but if you are on Substack Henrich Zeberg has quite the article about what he seems to describe as an economic bubble. Curious if any of you have heard of him, from his website it looks like he is a macro economist.

I really liked Bob Brinker and a lot of the stuff in the Substack seems to track with stuff Brinker and the Brinker newsletter keep track of.

I have heard this other places but I think his take is that the dangers of interest rate reductions and the feds disregard of consumer sentiment is pointing us toward a bubble that will break and lead us to stagflation. (It’s not that simple and I am not an economist.)

Here is his website. Looks like a newsletter sales situation. https://swissblock.net/products/reports/zeberg-letter

He has appeared on a website called wealthion.com which is currently doom and gloom. Don’t know if that is historically their schtick or what.

I am aware that economic fear is an industry of its own. And a stopped clock is right twice per day. The Substack article seemed pretty good though. Curious what some of you with financial backgrounds think.

 

[bwoods11]

Guess walz isn’t running that state into the ground?

That’s a good point, we mostly ignore him out here. But let me compare non lake country in Minnesota. It’s a different story .

I think the suburbs are doing fine in Mn . Still high demand, that could change.

I don’t post links, but look up Kevin O’Leary comparing Fargo North Dakota to Moorhead, MN. It’s on YouTube. Excellent comparison. Fargo is booming, Moorhead not much .

 

[Foggy47]

I don’t think it’s a real estate boom. It’s a bust and people are on the run. Urban cores all over are rapidly turning into hell holes and even the liberals are bailing out. It’s people on the run from collapsing cities and schools.

Crime doesn’t care if you have a rainbow sticker on your suburu. I keep paying higher and higher rents to stay out of apartment buildings that wreak of Indian food, weed, and body odor. But those places inevitably fall and fill up with trash people, and I don’t have the foggiest idea who’s paying the rent, cause these people ain’t working.


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Well said. I wonder about the rents and incomes to afford some of these things too. So many things don't add up to me.