Howboutthemdawgs
5 year old buck +
Guess walz isn’t running that state into the ground?
Stock Market is the bottom in?
- Thread starter Peplin Creek
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Mortenson
5 year old buck +
Not in primo lakes country. Check other places.
Hoytvectrix
5 year old buck +
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
5 year old buck +
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
Mortenson
5 year old buck +
C mostly, in my opinion.
Foggy47
5 year old buck +
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
5 year old buck +
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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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.
Sent from my iPhone using Tapatalk
Westwind
5 year old buck +
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.
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
5 year old buck +
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
5 year old buck +
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.
Bowsnbucks
5 year old buck +
I agree with Hoytvectrix on all of this. Trust / confidence is the foundation of any & all markets. CFP's lately don't know where to advise their clients to put their money, due to whip-saw, daily, sharp changes in policies - driven by ego-driven whims. We should all be screaming to our U.S. Senators and House Reps to keep an independent Fed, and fully-staffed oversight agencies with non-political, competent personnel. It's our money, gentlemen - and that of our kids & grandkids.
This is exactly what the big players have been saying in articles in the WSJ, Forbes, Fortune, Barrons, Investors' Business Daily, Market Watch, Bloomberg, Reuters, Scripps, Kiplinger - as well as many individual CFP's and venture capitalists. 2 things steer markets - here in the U.S. and globally ....... safety & stability. We have neither now. An autonomous Fed is critical to U.S. - and global market stability. Buffet called Powell "an extremely smart and trusted man." Investor trust in Fed independence = trust in markets. Politicized appointees to the Fed who bow to any president's whims - regardless of party - is a recipe for financial disaster. Investor confidence is shaken when watchdog agencies that oversee financial markets and systems are eliminated or gutted / budgets slashed. Those agencies for decades have provided the stability and confidence to investors of all levels, that no insider info / behind-closed-doors / fraudulent activity costs investors their life savings. Blindly trusting financial institutions and CEO's to be honest, when trillions of investors' dollars are vulnerable to being "harvested" for their greedy fingers - seems insane and financially suicidal to me, and many others. (remember Enron, Bernie Madoff, Michael Milken, Ivan Boesky, and ironically - Trump University???!!! etc. and other fraudsters? Without any Federal agencies to root out and prosecute such crooks, people would not have even known about them, or been able to get any financial settlements.) Do we want to make those same mistakes all over again, and expose our life savings to crooked, criminal fraudsters with no Federal oversight agencies???
Political party affiliation makes no difference - everyone will be vulnerable to fraud and manipulation. Global money is pouring into European markets, and even emerging markets - because trust in U.S. markets is declining, due to recent political moves. We absolutely need well-staffed, competent, financial policing agencies, and an independent Fed ..... period. It's only our money at stake, boys.
hunts_with_stick
5 year old buck +
Ohio is very hot as well....
Foggy 47 said ..."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???
I don't know much about your area ... assume it's a retirement environment; however, I can think of a simple answer to your observation that more recent "transplants" hail from 3 coastal and one western state. The 4 states you mention are 4 of the states with the highest median house prices in the U.S. - each over 400K. Given the median price of a home in Arizona is $434,797, which is well above the national average of $367,711 (as of April 2025), it could be these are simply older folks who can easily afford - and perhaps desire - the retirement culture and lifestyle of sunny AZ.
Not too many poor folks, or those with a net worth or income level equal to the national average, can buy a shack in sunny Scottsdale (median home price above 800K). Something like 1 in 20 residents with net worth 1M+.
I don't know much about your area ... assume it's a retirement environment; however, I can think of a simple answer to your observation that more recent "transplants" hail from 3 coastal and one western state. The 4 states you mention are 4 of the states with the highest median house prices in the U.S. - each over 400K. Given the median price of a home in Arizona is $434,797, which is well above the national average of $367,711 (as of April 2025), it could be these are simply older folks who can easily afford - and perhaps desire - the retirement culture and lifestyle of sunny AZ.
Not too many poor folks, or those with a net worth or income level equal to the national average, can buy a shack in sunny Scottsdale (median home price above 800K). Something like 1 in 20 residents with net worth 1M+.
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