As expected, the latest National Association of Home Builders survey [Data Here] shows the July confidence opinion of industry professionals now reflects the largest single month drop in the history of the survey (removing pandemic impact).
On a macro level, home values peaked in April/May and have been dropping ever since. Mortage rates have increased borrowing costs and inflation is squeezing home buyers out of their savings and/or down payment. Home sales have stalled in multiple regions and the prices of existing homes for sale are dropping, quickly. Many home building contracts are being cancelled and builders are now dropping prices in order to retain prior sales.
(Via Forbes) – […] Builder confidence in the market for new homes posted its seventh consecutive monthly decline in July, falling 12 points to 55 for its second-biggest single-month drop in history, according to the NAHB/Wells Fargo Housing Market Index released Monday.
[…] In emailed comments, Pantheon Macro chief economist Ian Shepherdson said confidence has “further to fall,” noting that Federal Reserve Chair Jerome Powell last month alluded to the housing market’s “complicated situation,” saying potential home buyers “need a bit of a reset” as mortgage rates normalize at higher levels after remaining historically low during the pandemic.
“This is a meltdown,” says Shepherdson, noting home prices should soon start to drop and warning: “Pretty soon, anyone who has bought a home in recent months will be sitting on a loss.” (read more)
Percentage of Buyer Contract Cancellations in last 30 days
It’s as if under Biden we’re combining Jimmy Carter’s malaise era and the Bush-Obama subprime collapse … by design.
I wonder about this…all y’all have heard me say it before…whether building or buying a home/condo/townhouse etc…
There are all sorts of purchases to be made for the home and family at big box stores…plus bigger durable goods. Possibly the durable goods sitting on a container ship 3 miles off shore from the Ports of LA, San Fransisco/Oakland and elsewhere.
The bank never loses. Home prices down? Mortgage rates up? For real families, not those Black Rock purchasers.
Individuals, companies or countries, if you hold the debt, you OWN them.
Soveriegnity is an ILLUSION, if you owe.
I want a world where my children don’t have to work for 30 years to actually own the land they live on.
I wish I could live without a mortgage, and I can, seeing as how I don’t have one and am not dead…but my point is, let’s get back to short debts. God said let people go after 6 if they are in debt, I like that, let’s drop the market to only sub 7 year mortgages!
Blackrock is licking its chops…lobby money well spent.
All real estate is local…
Blues states will get hammered…red states will see positive gains yet on a smaller percentage…
One big problem with the housing collapse in blue urban areas is that those who can are flocking to conservative red areas soon to destroy those areas as well.
We’re not all commies up here. 🙂
Amen brother. I live in the reddest part of NH (Belknap County). We’re fighting the good fight here. Florida attitude in NH 🙂
Reminds me of that Arron Lewis song ” Rednecks north of the Mason Dixon “.
South of Bow it’s another story as you know. My people been there since ’84 and it’s worse by the day. I know – we ourselves ain’t from NH but we’re deep RED.
True!
RINOs and Democrats cheat in elections.
That must be stopped.
We hope not but don’t trust the track record!
An interesting exercise is to look at Uhaul rates for those blue state leavers and compare to those blue state arrivals. As you can imagine, the difference is extraordinary… and I believe there is quite the waiting list for those trying to escape those states.
Gov. JB Pritzker is the #1 UHaul salesman in IL for the third year running!
We just sold our home in Tn and had to wait 4 days to get a trailer.
The taxes are gonna destroy anybody and anything moving.
ya watch what happens to Idaho in a few years
You are exactly correct re Idaho. The same is true in Eastern Washington. Even in the communist state of Washington, people are moving from the left side to the right side. Just this weekend talked to a furniture salesman. Their business is booming from people moving into Eastern Washington from Seattle, Portland, Colorado and California. I can assure you, many of these people are in for a culture shock. People in North Idaho and Eastern Washington don’t take any leftist bs, don’t use phony pronouns and will tell you to piss off and really mean it.
Massholes ruined NH.
Blue locusts.
Still building and selling in SW Missouri
Same in mid-western GA. Not 100% sure selling is completely keeping up with building, but it doesn’t appear to be that far behind. MANY new homes are going up and 99.999% are large $300 – $450 PLUS. They’re being built on both individual lots and in subdivisions.
I agree 100% with “Pretty soon, anyone who has bought a home in recent months will be sitting on a loss.”
Hahahaha … you may believe I am exaggerating … but here in N.CA … $300k won’t build you a 3-car garage. Contractors are still charging $500.00/sq.ft. for construction
I wonder how all the south of the border ‘folks’ seem to afford CA. Rents out of sight. Homes untouchable. How do they manage it K?
Living under the freeway overpasses … in brand new North Face tents paid for by Gavin Newsom
Gavin doesn’t pay for chit, it is the taxpayers.
In fact, this wouldn’t be happening if Gavin had to pay for it.
15 people living in a 2 bedroom home?
When I lived in an apartment complex in SoCal (early ’90s) “Immigration” made a bust across the street-I couldn’t believe the number of mattresses that were hauled out of that smallish unit and stacked in tall columns on the curb!
One way is that they are accustomed to living with several people in a tiny home. They don’t mind being crowded. I have a vacation condo in NC and we recently had an absentee owner rent her 550 sq ft studio condo to (she thought) a single Hispanic woman. Turned out that single woman moved her boyfriend, her adult sister and four kids into that studio. The condo Board got a lot of noise complaints about them, especially because they entertained a lot, so there were Mexicans in pickup trucks in the parking lot, loud music, noise inside the unit all night long, etc. The absentee landlord tried to evict the woman, but that was a nightmare. Finally the lease term ended and the owner put the place up for sale, finally able to kick them all out.
And that’s cheap compared to Silicon Valley.
Not when the globalist firms are gobbling up homes and offering inflated prices for homes.
Look at some of the major online home searches and then look at the property history and you will see how ridiculous things are now.
Frankly, the housing market has been beyond rediculous, for many, many years.
My Dad bought a house, in 1957, nice house, nice area, for under $10,000.
$300,000-$450,000?
Are you fricking KIDDING me?
Its a HOUSE, fer cripes sake.
Just down the way from us in Suffolk VA is a 2004, 2 bed 2 bath, 1870 sq. ft home on Zillow for $677,500. THAT is insane!
I’m in Suffolk, VA. I’d sell my 4385 sq. ft home for about 30k more than that. It’s a 2005 with 4 beds, 3.5 baths, and 2 car garage house with a open floorplan on 0.69 acres with a wooded backyard view.
The inflation multiplier for 1957 to the present is 9.5.
A $10,000 house then is now a $95,000 house.
So, how big was the house and how many bedrooms/bathrooms did it have, and where was it?
My parents paid $4500. for a 3 bedroom 1 bath hiuse with 1 1/2 acres in 1969
I don’t know where you are talking about with the multiplier but in Phoenix the same house was 18000 in 1960, 33000 in 1973, 48000 in 1977, 85000 in 1980 and $1,250,000 in 2022. (Minor cosmetic updating but nothing major.)
Its not so much an increase in “value” of the asset (a ‘shelter’) as it is an indication of DECREASE in the ‘value’ of our currency. Prolonged over-printing of “funny-money” will definitely have consequences.
People get so hung up on inflation being the sole cause that they really, really don’t understand that we are all factually poorer than previous generations. Oh sure, we have A/C, big screen TV’s and cars that are safer, but we’re still poorer.
Don’t get me wrong, I love modern dentistry and without the medical surgery system in my childhood I would be dead. BUT I also don’t have the opportunity my parent’s had. I’m not speaking of school or jobs, I mean, pound for pound, I can’t work a single job while my wife is at home with the kids and still afford two vehicles, a mortgage and vacations…none of which were lavish.
Everyone tells me that I have a better position than my father at this age. And they’re right, but with a wife who works and no kids, I can’t afford to eat as much meat as he could have given the same situation.
We live in Melbourne, Australia. The 4-bedroom single story house in the last suburb before country-side begins we are renting now (from a friend) has a market price of $900K-$1m. Average salary in Australia – around $77K.
There would be live queues for houses that cost $300K-$450K here.
Can we blame Putin?
Sure . . . we can blame Putin, he is not responsible, the real parties to blame are my good friends and colleagues in DC, myself and all the other members of The Globalists United Party. We are all small purple fish in the depths of the swamp, we are the GUPies !!!!
I AM THE GREAT CORNYNHOLIO !!!!
ARE YOU THREATENING TO PRIMARY ME !!!!
Nope!
Think of all of the aspects of the economy that are touched when a family moves to a new home:
Movers (and the fuel they use to get things from point A to point B)
Home Improvement Stores
Furniture Stores
Restaurants (who has time to cook in the middle of a move?)
Just to name a few………. All that is in the dumpster now because of the Biden economy.
BIG. STUPID. GOVERNMENT.
The left ruins everything it touches.
Our move-in tradition was always pizza with packing boxes for tables. Good memory but glad those days are over, the Lord willing!
When we vacate CA … now … I’ll have to wait 10 years for the economy to recover … I will only move family heirlooms. Everything else goes to the curb … and what doesn’t sell, gets ground up in the Waste Management chippers. I’ll move everything in a single, small, UHaul truck … yes, I know I will pay Thru the nose driving one of those out of CA
Go to the place you are moving and rent a local. Drive it to CA and bring it back with your stuff. Works great if you have a car to move as well as you can drive it and not tow it.
Exactly! That’s the way to do it.
Thank you for that suggestion. That’s thinking outside the box.
And then the kids…new schools, new sports equipment, new clothes and new toys. That list is endless.
And it does always seem like the old furniture does not ‘fit’ well in the new place. Yes, I agree, big expenses. Right down to the screws for the new curtain rod fixtures.
BIG< STUPID GOVERNMENT … This time it is NOT stupid… it is BY DESIGN, in purpos,e to destroy this country
Realtor.com pegged that number at $10,600 in 2017. That’s the average spent after the move; furniture, fixtures, minor upgrades, etc.
That economic activity ends when the houses no longer turn over.
Hey, add in the paper companies who make the boxes and packing paper we pack our stuff in, the plastics companies who make bubble wrap, the auto companies who build the moving vans, the trash workers who cart away the empty boxes and bubble wrap, and that doesn’t even factor in the variety of industries and workers who get involved in the construction of a new house.
I used to teach beginning economics classes to adults and we played a game “The House that Jack Built.” The class would break into teams and, in 20 minutes, try to list all of the industries and workers who are involved in the construction of a new house. It was always eye opening for my students and helped them understand why housing starts is such an important economic indicator.
Yeah, we’re screwed. Delaware county in Ohio was a hot market, really hot last fall but we just could not get the house ready and it’s still not ready. I’m worried we lost 50-100K off the sale price, it was a seller’s market last fall, the realtor even said how happy we’d be if we got it by November.
Husband had to go out of town and Covid hit the family and everything else. We live two hours away and we go there every weekend but it’s been so much. 7 dumpsters, numerous Good Will trips and still not done cleaning that place out.
Word to everyone, please don’t leave a mess for your children to clean up, start cleaning out the unimportant stuff and mark what’s important. My parents kept everything and I mean everything and it’s ridiculous how much time it takes, not to mention the 6 acres we’ve been having to take care of every week.
Our family went through that as well. Wonder if it’s a generational thing that was hard to let go of stuff because of depression era thinking (I may need that someday!). I promised myself I would never do that to my kids – it’s exhausting.
I think when my oldest brother died in ’81 she really kept everything and bought more. I am keeping the “family heirlooms” but it’s hard to get past the clutter to get to them.
Thing is, I don’t think my children or my other deceased brother’s child wants any of this stuff I’m trying to salvage.
When I moved in 2018, I offered the dark 4 poster bed that belonged to my grandparents when they got married over 100 years ago. No one wanted it – not my sisters, not my daughter, not my nieces and nephews, not a neighbor who worked with refinishing furniture because the top of one of the posts was damaged. Don’t save it because you think you should. Save just the pieces YOU want. Donate or trash the rest. You have my permission to do so without feeling guilty.
Thank you.
There is this rocking chair, very old, fabric ancient, wood carved, and springs messed up, my son looked at it and asked if that was the chair Lincoln was shot in. Then he looked closer and said, Oh, my, it is!
I emailed my cousins with a pic asking if this was the chair Grandma rocked her babies to sleep with, they don’t remember it all, so must have been my other grandmother.
It was found in the garage among a pile of other things, so I shouldn’t fret so much about tossing it. Mice had attacked the cushion, too. I’d like to just give it to an antique shop to fix it up but they probably wouldn’t want it either.
Give it to Goodwill or Salvation Army,etc.
I am thinking with the current economic situation..that just may become someone’s treasure.
I don’t know if they’ll take a chair that needs work. I’ll find out, my husband has managed to get a few days vacation this week so we’ll spend more than just a weekend there and are loading for Good Will also.
I know people who know antiques and they have been known to dumpster dive for stuff. I would look at it and say, “I don’t want it, let it go.”
Will have to begin that process shortly. My mother passed Saturday and her house is stacked and packed with everything she “collected” for the past 50 years.
Not looking forward to this at all.😖
Sending condolences on the loss of your mother.
I’m so sorry for your loss.
My whole original family is gone and it is a painful process. I wish I had my siblings to have been able to go through this stuff together. One died at age 21, 40 years ago and the other in ’15.
When my father was living, we could only do routine maintenance and yard care because of his dementia and temper of us “taking over”. But I wish we had started then. I was warned by some of his caregivers who saw what I had to deal with and a furnace guy who said it would take 18 months to clear this place out. I am just gobsmacked how much time it takes.
I am very sorry for the loss of your mother, Rami.
You have my sympathy. When my sister died I had to pack up her apartment. It struck me and I still remember the feelings I had doing it. A whole life’s worth of things she loved and treasured ended up in boxes and bags…in the end, all your life’s treasures end up in bags and boxes at Goodwill or charity shop ..for strangers to pick through.
We moved from IL to NC in 2019. I had lived in my home 26 years and was a packrat. I even had notebooks from high school in my attic. It took forever to gift/consign/donate/trash a quarter century worth of stuff. It was surprisingly emotional for me. Very bittersweet.
Many things I’m dealing with now.
I’m just going to have to keep paring down with time that God allows me to with the stuff I’m keeping.
It’s a reality check on the value of “things “.
Or rather, the lack of value
My deepest condolences for your loss Rami.
Try to save a few things. Family tradition and history is so important. Even if its just a favorite teaspoon. Frame it with a photo, and a date.
I hope my granddaughter keeps my cast iron pots and pans, and every Thanksgiving bakes my apple pie recipe in them.
I was happy to come across my grandmother’s vintage cast iron skillets, all smooth, lightweight, and even the Piqua I was eyeballing not long before on eBay. I tried a new Lodge, gave it to a friend of one of my son’s.
Oh, I will for sure. I know there are things I want to pass to my children and grandchildren.
The memories attached to some items cannot be replaced.
Thanks to all for the condolences and remember us when you pray.🙏
God bless you, Rami, in your grief and may He ease the pain of your loss.
It’s a hard process to do this on top as it’s the only thing left except the memories. I have some understanding why my mother kept many of these things after she lost her oldest son.
Rami, very sorry for your loss. Sending prayers your way.
Oh, G-d bless you Rami.
Give it away to someone who truly needs it.
I have three more bags for the National Kidney Service waiting on the front porch for their pick up tomorrow.
With our parents…it’s Depression era thinking…everything is worth something. However today and i don’t want to sound cold but it’s not worth anything.
My folks passed on two years ago and I went to the old house expecting to save pictures, furniture, mementoes etc. When i saw it and the magnitude of everything. i threw everything out and never looked back. To this day, I don’t regret my decision.
Sad…but that’s the way it is.
I think they passed that depression era thinking to me, too, in many ways.
Oh, I know it’s not worth anything. There’s some antiques but not high end stuff.
Another hoarding example, I’ve got boxes of our school work she saved from all three of us kids. She couldn’t get rid of anything, just boxed and boxed and boxed and put in the basement among other things. Boxes of 75 records. All kinds of stuff. Magazines with James Dean and Elvis, etc. She did mark some things, thankfully.
My house is stuffed with things to go through so I don’t get rid of anything important but still a way to go at their house.
Pictures- Some are people I don’t know who they are, very old sepia portraits, but I’m holding onto them and will try to find out later who they are.
Hoping to distribute some of these items to my cousins and their family at a later date also.
We’ve thrown out a lot of things that are just trash they kept for no reason. The barn was ridiculous and that’s still not completed.
All I wanted to do was paint and put the new hardwood flooring down that is waiting in the garage, go over the woodwork, replace some light fixtures, and the bathrooms have been remodeled. But the mess has been overwhelming and the time it takes was underestimated.
When we moved from Missouri to Florida in 2000, our trash man always went thru the trash container before he would put it in the truck. Lots of good stuff went out, including my collection of LP’s from the 70’s. He was a happy man. Now I have moved back to Missouri and cleaned out one more time, then moved into an apartment last fall and another clean out. You can do it.
I bet you could have sold those LPs on eBay or some outlet. But selling takes time and it’s not going to be done now.
I think my brother’s widow probably gave his records to his friends.
My dad had so many nice jackets and suits, many 100% wool sportcoats, none fit my husband and sons due to being too short in the arms. I hope my brother’s widow will sell them. We’ll see. She mentioned early on she has someone who sells on eBay so she can work it out with that person and just keep whatever from the sale.
Those are very valuable LP’s you tossed out. My husband sells vinyl and people are willing to pay a considerable sum for them. Lots of collectors out there.
I have had the same thing happen to me with the photos.
Throw them out. Trying to figure out who they are is a waste of time. Everyone is long gone and your kids have no real interest. Think about it: would you want photographs of your family 8 generations ago? Meh.
I don’t know, maybe someone doing geneology. My father was working on his before the dementia set in.
I’ll tell you what I won’t do, give it to an antique store. When I would go in one before, I would wonder who was giving pictures away. This one had boxes of vintage family snapshots from the 60’s/70’s! I thought, who is going to buy this?
Lot’s of people want old photos. They are great for decorating. Not very personal but still useful.
I don’t get it, it’s like looking at someone else’s vacation photos from my or my brothers’ childhood era. It’s like OUR photos! Creepy and sad.
About 30 years ago while talking to a neighbor, pregnant with her first of three, I commented about that very thing…. All those old photos in junk / antique shops… They were real people, they were somebody’s family!
– I said that I wish I had an enormous room ….that I would love to collect vast amounts and hang them all up.
Well, a few months later she had me over for some decorating opinion (sigh) … and what did I spy??? Oh my, a lovely large oval frame -with the original curved glass with a large Victorian dressed family!!!
While I noted how handsome the people were and fussed over their beautiful clothes and hair… , I asked who they were.
She calmly said they were her family; on her father’s side.
I was so delighted and asked, “Can you imagine someone throwing that away?” She said that no one else wanted it.
About five years later, just before she and her growing family moved to Connecticut, she said she had to tell me something important.
Well, she said that the photo was not her father’s family. Nope.
She said that after she heard about my love of dead people’s family portraits in junk shops …when she saw the beautifully framed beautiful family in a junk shop
– she decided to adopt them and bought it.
Ha! 😂😂😂
Funny story! At least someone cares about that family, even a stranger.
I have told my kids to just burn the photos if you don’t want them.
I feel like in the 90’s, we’ve become such “consumers” nobody is thinking about the past like our ancestors did and held onto those special things and talked about family heritage.
So sweet.
When I started with the digital downloads…I found a picture of my father in elementary school.
What was amazing is that my nephew could have been his double at that age!
If I had not started my “hobby” …no one would have ever known!
When you get everything sorted. I recommend….
Digital scrapbook the pictures.
It’s a cheap and time consuming hobby…but I always think that someone in future generations will appreciate it.
Then the images you favor–print out and make albums.
Cheap hobby. Just time consuming.
I can’t even imagine how anyone can throw their family history away. So many of us are doing genealogy and would love to have photos of our relatives. I was in contact with someone who did as you mentioned to our family photo albums. Now I may never know who my great-grandparents were and certainly will never know what they looked like. I hope people will hold on to their photos as I believe that one day someone will appreciate you sending them this treasure trove. Even when photos are digitized they are not always of the best quality unless you scan in the correct format and resolution. The photos may need to be rescanned at a later date. And, yes, lots of people buy old family photos. I have quite a collection myself because I find them so interesting.
People could also consider having a collector/antique dealer coming to the home and they will often make an offer for unwanted items.
I have collected old family photos and many vintage and antique ones.They are time in a capsule and extremely prized by me. Thanks for great advice to others here who may not realize what they hold in their hands and how much human significance they contain.
Thankfully my mother went through many old photos and wrote the names on the back of them.
Scan the pictures onto thumb drives and dump the originals. That’s what I’m doing this winter. To me, it’s a cold weather project. You can then make copies of the thumb drives for the cousins and anyone else who wants them.
Good idea, or offer the originals for whoever wants them and they can deal with storage.
I scanned a lot for my father’s funeral that I did forward to one of my cousins on his side that he wants. I might ask if he wants the originals.
It’s a cheap,time consuming….but well worthwhile hobby!
I started years ago!
That’s how I started…I downloaded to folders by the person.
Then group photos, etc.
One thing I am looking forward to finding are cassette tapes. My Grandfather was a minister and my Mother had several tapes of him preaching and singing from the 70’s-80’s. He passed in ’86 but Mom would never give them up. I can now have them processed to CD and give them to my children who never met him.
I have a barn full of stuff left over from when my grandparents house and from my brother when he passed away in 2010. I get it. They aren’t coming back for their stuff.
I just went through this with an elderly relative’s home. You may save money by paying a commercial firm to come in and clean it out so you can get it on the market sooner.
At this point you should be holding on whatever you can. If SHTF and we have a major was or major depression one might regret having given things away that might have come in handy or used to barter. But I have the prepper mindset 😀
I was thinking the same thing. My father is 97 and has a houseful of wonderful things. None of my siblings or the grandchildren are the least bit interested in any of it. Most likely because we and our children are the first generations to have lived through an age where if we needed or wanted something we simply went and bought it. However, the times they are a changing and I agree, you might be wiser to hang on to whatever you can to barter or sell in times of possible depression and famine ahead.
They aren’t worth anything much but I am keeping the sturdy stuff.
For instance, I heard Crock Pot does not offer a low temperature anymore for long time cooking due to health issues of using that low of a temperature. So the Crock Pot came home for one of my kids.
I hear ya, there’s some vintage toys I am keeping and might sell later but I am keeping the vintage Fisher Price Little People sets, though!
* major war
With my instruction to the family for “just in case,” there is a number for a local auctioneer. Instructions are to sell anything that the family does not want. I won’t mind.
It’s hard for me because I know my parents and theirs before did care. I came across a handwritten list from my father’s mother of what items for him to take. Both sides were poor so it meant a lot to them to pass on Aunt so and so’s antique English ceramic plates, etc.. I can’t overlook that.
At this point, when in doubt, I am keeping it and going over again later and I will. But many things are given away and one can’t even count it toward taxes so it is truly given away.
On one level I inderstand. On another, Your lucky in ways you may not realize, I have never inherited anything. I have had to work and am still working for everything I have with no help ever. Not complaining but I wish I had your problem.
It’s because my father and mother also worked up from nothing but were given things like pension, stock options, GI bill, etc. My father was an engineer with Western Electric/ AT&T, my mother did clerical work. Things were more affordable back then, they paid 32K for the house they built and land back in ’71.
My husband’s an engineer also and I’m a RN but not working right now in this climate but we can’t seem to get ahead and our health insurance has put us in huge medical debt. We do have a top credit score, though.
Funny thing is, I’m thinking of getting a job at a local grocery store just to off set some of this inflation at the very least but I won’t have to wear a mask or be vaccinated against Covid like I would in a health care setting.
I overheard a person in line ahead of me at Lowe’s who had been a traveling nurse day the money was not worth the COVID policies.
Yeah, and they’re hurting, I’m sure, but I just can’t do it. I was already burnt out helping my father and having to advocate for him to begin with, I can’t tell you how many things they missed or messed up. I was disillusioned then with medicine and even more so with the Covid genocide they performed with bad medicines, useless and harmful vaccines, and refusing early treatment.
May The Good Lord guide and be with you….
Give you inner strength, calm clarity and great fortune, love…, and good health.
Stay strong ❣️
Thank you! I really appreciate everyone’s input. It’s hard enough letting go of this place and I will really be sad when it’s truly gone, but The Democrats and RINOS are really screwing all of us over. And we know it didn’t have to be this way, because we had four years of good times and energy independence with President Trump.
Some make $5000+ a week
That would be nice but I cannot travel and could try a mask for that money but I think the n-95 is what drove a head cold into my chest into bronchitis back in November before Covid.
I’m still on clarithromycin for that per an FLCCC doctor. It’s much better but the mycoplasma levels are still high.
Up here the selection are healthcare conglomerates of Cleveland Clinic, Case Western University.
I wouldn’t mind a doctor’s office or some such at my age.
Yeah, if they don’t change the rules I will let my license go this year. Will not take the shot and hate masks and can’t go along to get along when things are wrong, and they have been in spades. The policies are killing folks, not worth it.
I worked for Western Electric and AT&T also.
On East Broad? If so, wonder if you knew my father.
He finally retired in ’97.
And that’s EXACTLY WHY you should give things away you don’t want, need, or use anymore. SOMEONE ELSE would be delighted to receive them.
This is what I tell my husband with things he tells me to pitch. I give to Good Will if it’s still useful and in good shape.
I’ve been organizing lately and threw out 98% of what was in my memory box. My daughter will never know which boys I liked in high school…
Your parents left you a house? Quit complaining! Jeeze
It’s not just me, but the market has gone down, you wouldn’t be distressed?
Yes, my father was able to live in his house until the last year of his life, and that’s because of my help.
“my father was able to live in his house until the last year of his life”
Yes , grocery shopping, laundry, trips to the doctor, many nites sleeping on his couch.etc.
I feel lucky.
Because sending him to a nursing home would kill him.
His house is a tinkering man’s paradise….. A bachelor’s cave.
And, It’s better than having to visit him in a nursing home and wear a mask.
I’ll miss him when he’s gone….
Oh, wow, you are doing what I did then. When I found out he qualified as a veteran, he got the benefits to stay in his house without losing it. He had a long term care policy with his work but for facilities only.
I had caregivers come in during the week to make him breakfast and dinner twice a day when I wasn’t there and I live almost two hours north, but I did all those things on weekends and doctor’s visits.
He was so lost when he did have to go into a facility.
I wish you the best in taking care of your loved one. His dementia did cushion the blow of the loss of his wife and son, but he was still safe in his house and knew his house and property.
And when a loved one is in a facility, it’s good to check almost daily on them, too.
It was easier taking care of him in his home and I also got to “go home” at the same time.
If he is happy and safe, keep him there as long as possible. Use resources to get outside help if needed. The Delaware Council of Older Adults was very helpful as a resource.
That Phillips Medication Dispenser was the first thing I got him after my mother died, before he needed the aides to get him to eat. It was there until he was gone. It was rental through the Council who contracted it. I kept adding things that were helpful, single serve coffee machine. I think he knew enough about himself not to cook but he also would forget to eat, hence, the subsequent aides. When we found he would forget about leaving his dog outside a couple times the last year in his house, I got cameras inside where the dog would lie when he was in the house so that way if it was freezing out, the dog wouldn’t be out there all night and I’d call my father. I hated to do that but it was the only way and I couldn’t get rid of the dog, he’d be devastated and out looking for him at some point.
That is what I call REAL family. They raised and took care of you, and now its your turn.
That’s is how I felt, my parents did so much for me, I am so grateful for them, if I was sick, they would never leave me. I kept my father in his house for 7 years after my mother passed with slow dementia progression. It was the least I could do for him, and he was content.
People would tell me, but what about you? Again, my mother would never leave me. I hope this was an example to my children. The work never bothered me until I had an episode of a medication reaction issue in ’15, then it was a work around but still accomplished.
We’re not.
“Your parents left you a house? Quit complaining! Jeeze”
I can relate to everything Kaco is saying’ .
Dad, 95, had his pacemaker checked today , DR. Said the batteries are good tell he is 105.
The house will be split 3 ways.
Brother and sister complain about the accumulated mess.
I go up to enjoy spending time repairing things with him.
They think it’s a waste of time , but it is our time together.
My rule of thumb ..if you need it every day or it takes more than 2 hours to repair then buy a new one or hire a repairman.
but,
DAD won’t buy a new one, so, I know what to get him for fathers day,
birthday or xmas.
The time left with dad is too precious to spend harassing him about his mess.
Hmm..
Complaining…..
More like the facts of life about caring for old people …it’s the cycle of life…
Beautiful ❣️❣️❣️
-real priorities
Shameful!
– go to the corner
Facing it
I upvoted his terse remarks. Do you suggest I join him there? What “shame” is there in voicing his truth?
Funny you should say that Kaco. My wife, though not a hoarder, cannot part with anything from our 45 years. I have to be careful when tossing anything. Since we cleaned out our parent’s homes, much of which is with us, I consider that my last major task even though we have six kids. It truly is mind-numbing.
“I have to be careful when tossing anything.”
Perhaps you do not mean it this way, but that is my strategy of throwing her stuff out that I know she is not aware of it existing anymore.
Put the stuff in a box, date it, then a year later get rid of it and she’ll not notice.
Good point.
I just warned my mother in law last week and she is more of a hoarder. I said, her son and daughter will toss it all and if there is anything important, she better mark it.
My mother did want to go over some things passed down back when my kids were small but it was too busy with the kids and I thought we’d do it another day. She did mark some stuff, though, but she wouldn’t stop buying things also after my brother died that was in some kind of remembrance and she was also given things by caring friends and family. God’s sign to her was birds but I have had to get rid of her bird collection among other things.
Around here, people hire an estate sale company to sell the contents, then that company brings in a clean out crew after the sale. Lots less effort for the families.
That being said, our house goes on the market Wednesday and we have made multiple trips to the Veteran’s Thrift stores and we lighten our moving load, but we are still in the house so we can’t really have a sale while it’s on the market. (also, we are not dead, just high-tailing it out of California and hoping we didn’t miss the peak as well.)
Best to you in your move!
I wish I could post the pictures, it was an organized clutter hoarding.
Yeah, I looked into that, it wasn’t going to help since I still have to go through everything.
I don’t know what to do with my oldest brother’s letter jacket with medals. My other brother’s is going to his daughter. But stuff like that, I don’t know if I can toss, really. It’s so sad. He was engaged to a lovely girl when he died so no children for him.
If my niece wants to toss the things of her father’s, that’s up to her.
People need to understand what Swedish Death Cleaning is. GET RID OF IT. Simplify your life by ending your relationship with meaningless things while you are still alive. It’s the very best thing you can do for your children as they grieve over you.
My dad’s father was Swedish. Interesting cultural aspect there.
My parents were born and raised on farms, and store-bought items were rare. Their parents kept simple, tidy homes and tossed old furniture and household items in the gully. My parents moved to town and became serial shoppers and saved everything. My point is that previous generations didn’t seem to have emotional attachments to their stuff.
I am currently doing that with family photos mine and ones I got from when
we cleaned out my mom’s. Kids today don;t save photos..so I have taken to
taking just certain ones and making Shutterfly books for the ones I want
and the rest I throw out. Another idea for photos for crafty types is to make
place mats from them Cut them out in circles. put them on contact paper and put
clear contact on top of them..you can make round or square.
I know a cousin on my father’s side wants the old family photos, doing genealogy. His son is the last to carry the family name, too. I hope he’s still interested.
I appreciate the perspective you are all giving me. It’s really hard to get rid of someone’s life.
But I also think kids today don’t appreciate those who came before them, whereas before, family cared about their past and honored those before.
When my mom died I salvaged my mom’s cookbook from the trash, my sister had thrown it away..
It’s in my book case .
It reminds me of all the potluck dinners and parties we had.
MOM had beautiful penmanship..
It’s good memories for me , but would be trash for anyone else.
I have her cookbooks here to go through. I haven’t had time to sort there. But exactly as you say.
“Word to everyone, please don’t leave a mess for your children to clean up, start cleaning out the unimportant stuff and mark what’s important. My parents kept everything and I mean everything and it’s ridiculous how much time it takes, not to mention the 6 acres we’ve been having to take care of every week.”
Been their done that w/ a Deceased Uncle and then my Parents. Lower back issues at the time and sibling squabbling kept me from the Parents Place. The bottom line is you are correct Kaco, nobody wants your ***t. Tag sales? We were lucky to pull 2K each. So much was thrown out or donated.
The Family attorney said (and no one would listen other than me) that my functional clients do the following: 1.) take the memorabilia that is important per each family member. 2. Paperwork etc declutter, but save what is recommended per top line CPA’s. 3. Throw out the Junk, donate what might be donate-able The rest, auction it, clear the home out and reduce your cycle time sell it.
The ONLY person to talk about that it is not about the Wills and Trust etc but what to do with all the “Stuff” and emotionality of it (and what it can do to sibs etc decluttering it after the loved ones pass) is Clark Howard.
I have even mentioned this to high end Estate Attorneys. They listened intently but said nothing about my suggestion that this should be part of their various planning seminars.
Thanks for the advice. I found Clark Howard on a search but not that particular topic.
Anything that can be sold I am delegating to my brother’s widow and she can keep what she makes of it.
She says she doesn’t want anything. But I will be giving her back her bridal gown, china, etc., that her and my brother dumped on my father’s house when he lost his house. And her daughter is getting my brother’s mementos.
As far as family heirlooms, hoping between her and my boys and some maturity might make them inclined, but I will be asking around the cousins also of our grandparents’ things.
I totally agree!
And it’s surprising the things you find while doing the “purge “…..
Once it is done its —-wonderful!
Hang in there.
It will have to be so and done again later as well as I can’t let go of something in doubt.
I wonder even about my cousins’ grown children. Does anyone care about family heritage anymore?
Oh, dear.
Kaco, the answer is no they don’t. I’ve had this discussion with my cousins and came to that very conclusion. Some things, like books I have that were my parents or grand parents they want but things like hand crocheted doilies,no. Things that mean so much to me and my cousins our children and grandchildren have no interest in at all. They are our memories.
If you are donating large household furniture and building items consider the Habitat for Humanity store off St Rt 23. You might want to consider an auction to dispose of the items. I used to sell real estate in Delaware Co. property prices are still way up.
I was the executor of my parents’ estate and since my mother used to squirrel money away in the strangest places we had to carefully go through EVERYTHING! At first it was fun and nostalgic for my sibs and me to reminisce about stuff we were finding, but before long it just got tedious! One sib insisted we had to sell anything we weren’t taking on eBay (of course HE wasn’t volunteering to do that) so I found out about a junk dealer who came to the house, looked through everything that was left (the estate sale guy said we were keeping the good stuff) and he ended up paying US money for him and his crew to clean everything out of the house.
“pretty soon anyone who purchased a home in recent months will be sitting on a loss”
Ive thrown that out there to a couple of fake news consumers recently. Reply I got was that value will go up again.
Im pretty sure they think gas and food prices will come down again too and 10 months from now when things are much worse, Im sure they will all blame Russia and whatever new variant is manufactured. If only they knew….BIDEN DIDNT WIN
MSM is the key
To make matters much worse for me, Im trying to sell a property in order to get the hell out of California as I watch thousands of dollars go up in smoke everyday. Prayers always welcome.
A friend in Florida was bragging to me in 2004 and 2005 about how much his house was going up in value every month. He refused to talk about it in 2008 and 2009.
At least then there was no inflation and low interest rates to protect Obama as he bailed out Wall Street while pretending to support Occupy Wall Street. Obama has nothing stopping him this time Especially now with the total absence of media sunlight.
At some point during Obama, gas prices hit $4/gallon and today it’s worse.
Yes, I recall $4.34 for a brief time in central IL during Obozo’s regime.
..who?
The defacto President, Obama
His house wasn’t going up in value, the dollar was losing value.
Bought my house in 2007 in Ponte Vedra beach Fla two years later lost 200 thousand now its gone up 600 thousand I just ignore the market because we paid it off 10 years ago, let my kids worry about it.
Husband and I never inherited anything except the funeral bills for our parents, my kids are hard working so I am happy they will each get something.
Exactly. Until you sell it, it doesn’t really matter.
You’re damned right the MSM is the key. We will get out of this filthy mess when they decide to stop being the propaganda wing of the DNC and start telling Americans the damn truth. I’m not holding my breath.
Good people with the means need to invest in it and flip the narrative. Will not happen on its own. Notable examples of efforts to do just that are Truth Social, Elon Musk/Twitter, and Mike Lindell.
Sending you good luck wishes and will do some praying for you.
Thank You
I’m so sorry, it’s sad how politics has ruined many housing markets. Newsome has done further damage to California.
A cousin has left and is living in Texas now with one of her children.
The husband of Las Vegas based ThePrudentHomemaker owns a real estate firm and she said sales have pretty much stopped in the last 3 months. I’m happy I’m not in the housing market to buy or sell.
Well, Vegas is in dire straights because of a water crisis for one thing. I’ve been watching sales in various places since we are looking to buy as soon as our house sells. There are plenty of houses still selling fast. Just depends on location.
Hard to sell a house with no running water…
“Whatever it takes”
https://thenationalpulse.com/2022/07/17/sabotage-dr-birx-admits-to-revising-and-hiding-info-from-trumps-covid-team-while-altering-cdc-guidelines-without-approval/
I wish we could have turned that Kraken on her! She screws us, then tells us about it in a book. She and Dr. Fraud both need to be found guilty of treason or something, then put in jail for the rest of their lives. And stop their retirement payments too. They don’t deserve them.
In a just country, they’d both be on trial. I know God wins, but it sure would be nice and settle things down a little (ie, thwart potential civil war type stuff) if those who have committed crimes against the American citizens these last 3-4 decades would be brought to Justice.
Markets change quickly, obviously there are economic reasons and then psychology kicks in. When prices are going up people want to buy, buy, buy, when prices start falling no one wants to touch it. Whatever the it is, stocks, homes….
Economics is as much a study of mass psychology, as it is #’s and data.
I recall reading a article after 2008. It said there are two groups or ‘schools of thought’ of economists;
One group (the Dominant group) is composed of those who came from mathematics majors,…the other from psychology/sociology.
The first were caught totally by surprise by the meltdown.
The second had been predicting it for over a year.
We considered downsizing by selling our large multigenerational rural home when the market was scorching. But it dawned on us that, the world as it is, two of our kids might never be able to afford their own places. So we’re keeping it and they can continue to enjoy the multiple living spaces and then again gratis when we’re gone. Or, if they chose, they can sell it and split the proceeds if real estate prices ever come back to earth.
This is what the DNC scum wanted and it’s exactly what they got. They hate us.
They are reminding us that we are scum. We got too uppity during 45’s term. They hate us and need us. Quite the dilemma.
My daughter and son-in-law home if behind schedule due to unable to get the HVAC unit purchased due to shortage. This is Elk City, OK
Maybe now I can find some affordable housing in or around down-east Maine and save on my ridiculous commute. Doubt it with the proximity to Portland Maine and with all the people moving into the State from away.
Here in Central Florida, a neighbor sold their farm last summer. $1.2 million, ~2200 sq ft 4 bed 3 ba nice but not spectacular house, large 4 car/truck outbuilding, 12 stall barn and 150×300 arena on 39 acres. Last week it sold again for $1.955 million, with only 13 acres. The former owners subdivided off 26 acres.
RE market smoking hot still here.
Yeah, if you’re rich enough to participate. The rest of us are screwed.
Wait for the pop. This is 07-08 all over again. This time it’s responsible borrowers not Dodd-Frank yoyos with sketchy ARMS.
The builders are pricing themselves out of the market. In my neighborhood a builder is offering 5 identical homes on unmaintained dirt rd, 1100 sq ft, no garage, gravel parking, stained concrete slab floors 2 bd, 1 bath…$350,000
In central Arizona in a very modest community.
The builders in question could actually slash their asking price by $200,000 and still make money.
Have you priced a 2×4? The prices are finally coming down a little, but materials are way up all around.
It should be acknowledged, however, that the “parts and labor cost” of a “brand new home” are about $30,000 per “unit,” at the economies-of-scale that these companies are routinely able to enjoy.
Home-buying typically experiences a phenomenon of “reverse price-sensitivity,” in which a community that advertises itself as “from the mid-$300’s” might be “more desirable” than “the mid-$200’s,” even though the product being offered in each case is exactly the same except for window-dressing.
Either way, the builders are not seriously worried about losing money. They’ve stacked the deck much too well.
Meanwhile … we’re being INVADED by millions upon millions of homeless people who will live … where? What a perfect time for runaway inflation … a deep recession … and critical housing shortage made worse. No … as a matter of fact … not even Jimmy Carter was this fkcuing incompetent!!! err … deliberate. Deliberately 6uilding 6ack NOTHING 6
And artificial home valves now will make things extremely worse.
When a home that has a mortgage of $190.000 is now valued at over $310.000 with many hedge funds and money mangers (Black Rock and Berkshire Hathaway) gobbling them up you know how bad it soon will be.
“You will own nothing and be happy”
Now most real estate firms have become Lap dogs for the globalist
I’m so glad my wife and I scrimped and saved for years to buy a home outright, with plenty of land to raise livestock and vegetables…We put up with the stench of NJ, high taxes, crime, liberal arrogance and got the hell out soon as we could afford to…I’d say we’re lucky to live the American dream these days just owning our home outright…Beholden to no one accept the tax man…I’ve been eating greens from my garden for the last month…God bless America…What’s left of it….But I do feel bad for the younger generation that has to put up with the direction we’re heading.
The Fed has doubled mortgage payments in a matter of months and promises even higher rates.
Of course this is going to put many developers under water.
The Fed will beat down homes and stocks as 40% of population has $1000 in savings
Energy, Food, Housing, Transportation, Water.
They are systematically targeting all the essentials needed for life.
I admit its hard to believe this is accidental.
More than that, they are trying to IMPOSE it.
CHANGING your own behavior is HARD, as anyone who has tried, can attest. It takes commitment and work.
But, it is pretty much impossible to change someone elses behavior, which also is easily confirmed by anyone who has tried.
Contemplate the difference between you deciding to leave your job, and being fired.
And yet THEY are convinced that THEY can impose, on billions of people, major changes in “lifestyle” as both eating bugs, and a “carbon free” energy system, even in the rosiest of scenarios will require major lifestyle changes.
Amazing amount of Hubris, …
Under extreme inflation, people sell a home and land a huge amount of gain. They buy a new car out of the gain and still have a lot for down payments. not with falling prices.
If I lived in a blue state I would take the loss to get the hell out of that state and move to a red state.
Underwater mortgage “crisis”.
Taxpayer bailout in 3…2….1……
I am not wishing for pain on anyone, but if things get really bad I am going to look south for a winter property, maybe in a vacation area. I would be a cash buyer and real estate at the bottom is better investment than cash losing 10%+ a year to inflation.
I’m a mortgage loan officer here in Las Vegas and Henderson. The contracts that the home builders put people into here are horrid. They are written entirely in their favor, with the goal of extracting every possible dollar from homebuyers, regardless of whether or not the builder performs on their end. I don’t mind them having to actually have to compete for their business again.
The whites are the last individuals. We’re the only demografic who lives one family in a home. IE the American Dream. Every other race has lived with multi family in home for generations. And afforded home ownership because of it. The Dream is still possible; the ease of it is not. God Bless America.
I don’t think that there would be a drop if they started to build smarter.
They just don’t want to…because of insurance.
Get rid of insurance…and you will have solid structures…
Red States and Red areas in blue states and coastal real estate will continue to appreciate along with “flyover.” Democratic cities, liberal burbs, NOVA, (northern Virginia,) I 95 corridor, I5 corridor, areas of Colorado and Texas not so much. Just my opinion.
Not to worry, we the tax payers will bail out the builders and the lenders once again so that their C level leaders get their bonuses.
Vegas, Florida and Phoenix… what is it about those markets that makes them so volatile?