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Old 07-13-2018, 11:50 PM
 
8,081 posts, read 6,990,519 times
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Quote:
Originally Posted by MN-Born-n-Raised View Post
See Cromford Report Daily as it shows some of the hard data from the Cromford report.

in it, it shows some zips are hot and some not so much. As an aggregate, Chandler is down 6%. Click on the link and scroll down.
Weird how Avondale sunk 11% yet Goodyear is up 14
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Old 07-14-2018, 04:36 AM
 
Location: Rural Michigan
6,341 posts, read 14,732,723 times
Reputation: 10550
Quote:
Originally Posted by Meme Mann View Post
The only people wishing for a recession and a real estate bubble to burst are Democrats. Need those mid term wins !
Lol, really? Who made money in the last crash?
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Old 07-14-2018, 06:08 AM
 
9,830 posts, read 11,242,307 times
Reputation: 8518
Quote:
Originally Posted by JGMotorsport64 View Post
Weird how Avondale sunk 11% yet Goodyear is up 14
I noticed that is well. Based off of ROI, I should have bought in Goodyear over Surprise. But I never considered Avondale. My perception of Goodyear is that the demographics are to the next level over Avondale. So follow the money. I looked VERY closely at Power Ranch in Gilbert. Again based off of ROI, I should have bought there.

I think part of the reason is that there is a higher mix of upscale homes in Goodyear and especially Gilbert. In Surprise, the "glass RE ceiling" is around $500K.
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Old 07-14-2018, 06:27 AM
 
673 posts, read 468,542 times
Reputation: 1258
Obadno..............spot on.
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Old 07-14-2018, 10:35 AM
 
9,197 posts, read 16,691,607 times
Reputation: 11338
Quote:
Originally Posted by Meme Mann View Post
Definitely partisan. BTW did you pay off your mortgage? You don't really have money to invest if you are still paying a mortgage in a non rental property. I'm sure your husband doesn't want you spending his money all day while he is at work.
Then you believe that only democrats made money during the last recession? Or only democrats want to make money? Which is it?

Of course you do. If you don't understand how to obtain a higher ROI than a low rate mortgage, you're doing something wrong.
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Old 07-14-2018, 10:35 AM
 
2,809 posts, read 3,192,442 times
Reputation: 2709
I'm also in the slowdown camp. The inflation-adjusted M2 money growth is close to zero which typically puts a damper on GDP growth. The RE market will also feel the lack of money growth, probably has already started. Not clear if this will lead to a recession or if we scrape by again like 2011. Right now it's a 50:50 chance either way IMO and I would watch crude oil prices. If they go up in the next 6 months like the past ones, it's going to be a recession. Only then we may see broad declines. Before any regional declines in RE, we will be forewarned by falling activity (new home sales, permits). So we will know ahead of time.
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Old 07-14-2018, 11:09 AM
 
9,197 posts, read 16,691,607 times
Reputation: 11338
Quote:
Originally Posted by Meme Mann View Post
Nope Democrats are hoping for a recession so they can win some votes. Russia = FAIL Immigration=FAIL
.."lets hope the economy goes in the tank so we can win back the house"

Go pay your mortgage.
You’ve already tried to make that point, but what is your response to those that simply say, “let’s see a correction so we can get discounted RE”? How do partisan politics play into that? Do you believe that those are only democrats?
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Old 07-14-2018, 12:58 PM
 
2,809 posts, read 3,192,442 times
Reputation: 2709
Please don't politicize this. It's a detraction. We want to report on the local RE market situation.
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Old 07-14-2018, 02:35 PM
 
18,968 posts, read 11,628,072 times
Reputation: 69906
Quote:
Originally Posted by Potential_Landlord View Post
Please don't politicize this. It's a detraction. We want to report on the local RE market situation.
correct. Politics, such as what’s been introduced in this thread, has no business in a local forum. Please stay on topic and leave Democrat/Republican, etc out of it.
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Old 07-14-2018, 04:05 PM
 
277 posts, read 277,857 times
Reputation: 497
Quote:
Originally Posted by Potential_Landlord View Post
I'm also in the slowdown camp. The inflation-adjusted M2 money growth is close to zero which typically puts a damper on GDP growth. The RE market will also feel the lack of money growth, probably has already started. Not clear if this will lead to a recession or if we scrape by again like 2011. Right now it's a 50:50 chance either way IMO and I would watch crude oil prices. If they go up in the next 6 months like the past ones, it's going to be a recession. Only then we may see broad declines. Before any regional declines in RE, we will be forewarned by falling activity (new home sales, permits). So we will know ahead of time.
We are now net lil exporter increased oil prices only helps the Us now
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