with the Housing Sales Market. Sounding like a lot of Folks who got caught up in the Paper Jam up,just said F-- it.

The tax cuts, the tariffs, the inaction of the administration to do anything good for the country, the corruption, the turn-over. I mean, what have they done in two years? Absolutely nothing...all their efforts are into how can they screw up the country, the people? When you have the orange buffoon playing golf 40% of his time in office, then splitting his days 60% "executive time", 15% on twitter, 15% lying, 10% talking to Putin and faux news "assistants", there is not enough time to legislate, and thank god for that...

People have been predicting a recession in 2020, and I have been saying 2019...It will be 2019...we have to get rid of all these republican cons.

Housing Sales in the South West tends to lag behind the East and Midwest. In the last debacle ,here in the South West the Collapse was almost two years behind what we saw in the Midwest. Noticed the slow down in the Midwest last summer especially what is deemed affordable,which is cover for,we can get you into this Home if we are Creative,tons more inventory that real buyers. And the prices were softening .

Here in the Desert,we saw the market start to swing negative in October and at the same time,everyone listed their homes as well as the Three Big Speculators dumped tons of their Rentals on the market. Shades of 2006 with total collapse in 2009. Our Local Board of Realtors is like most Board's,they will never call it as it is. All about getting that Commiss.

People are realizing now they will lose hundreds of dollars a month from it, they can no longer afford things like they could, and face having to come up with some thousands of dollars to pay their tax bills for last year, so this will only worsen the real estate market even more. Add to that their health care gone or premiums raised from trump and the GOP tactics , rising costs from the tariffs for lots of things , they're getting money taken out of their back pockets from trump and the GOP, and add to that skyrocketing drug costs after trump promised the opposite. The average working person is losing big time under trump and the GOP now, and they know it.

Now, predictably enough, they're sagging again.

The Trump slump.

surely this would not happen when there is such a booming economy as that guy at the top keeps saying!


this must be fake news!

Now that there's no real tax break for owning a house (married filing joint needs over $24K in deductions to justify itemizing) the sales of houses will inevitably fall. I may have missed it but I'd have thought the National Association of Home Builders would be raising hell over this, it's certainly going to dampen demand, cut home values, and hurt homebuilders as well as anyone who wants to sell an existing home.

I can't take much more of this winning.

Giant Tax Cuts
+ no added tax money from "booming business"
= $2.2 trillion budget shortfall/deficit

So an extra $2.2 trillion must be borrowed from China.
Because of that demand for cash, Interest rates go up.
When interest rates go up, mortgages are more expensive.
When mortgages are expensive, housing sales suffer.

Any idiot knows that. But Trump is just not an ordinary idiot, he is a complicit criminal. It wouldn't surprise me if some of his friends are charged with insider trading as well as money-laundering.

Only 39% of Americans have enough savings to cover a $1,000 emergency
Emmie Martin | @emmiemartin 1:20 PM ET Thu, 18 Jan 2018

https://www.cnbc.com/2018/01/18/few-americans-have-enough-savings-to-cover-a-1000-emergency.html

1 in 3 Americans have less than $5,000 saved for retirement—here's why so many people can't save
Kathleen Elkins | @kathleen_elk 9:51 AM ET Mon, 27 Aug 2018

https://www.cnbc.com/2018/08/27/1-in-3-americans-have-less-than-5000-dollars-saved-for-retirement.html

58% of Americans Have Less Than $1,000 in Savings, Survey Finds
Cameron Huddleston December 21, 2018

https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html

Why student debt may be slowing down a generation of homeowners
By Amy Scott, Bennett Purser, and Liz Sanchez February 18, 2019 | 4:31 PM

https://www.marketplace.org/2019/02/18/world/student-loans-and-housing-market


Hey I know what will fix this! Another huge fucking tax break for billionaires and big business!!

Why is Hillary killing Trump's economy?

All we did during the last housing crisis was slap a bandaid on the matter and move forward. What regulations that were put into place were deregulated by Trump, so we're essentially in the same boat as before, if not worse.

Home values are higher than ever, to the point of being unaffordable to pretty much anyone trying to enter into the housing market.

I am an underwriting manager for a larger financial institution, and we've now started to notice declining markets hot pockets of the SW portion of the country. Homeowners are not accepting stagnant or declining values and refuse to pay attention to how the housing trends work.

What goes up must come down and vice versa.