It's just a balloon? Rents are ridiculous? and an oddly worded RE article, Join Me!

Great show tonight! We started off with an update to my refrigerator saga…I don’t know that I’m any closer to buying than I was yesterday

Does buying local matter? What if the seller tries to sell you something where other shops don’t seem to care whether or not you buy anything at all? We discuss.

I showed a house tonight, we go over what I saw

We moved on to the story of the evening: A large Chinese “weather” balloon is roaming across the United States and it seems like no one from the government seems to want to do anything about it.

We get the story that there was an explosion in Billings Montana from a media source and we look to tie that to the weather balloon, but that balloon is reportedly in Missouri, so the explosion story doesn’t seem to gel with the “weather” balloon story.

Who are we to believe? What are we to believe? Odd times.

Our first tweet was about historically low unemployment and what usually happens next after the peak(hint, not good)

The second tweet was about real reasons buyers are staying away from this market..I don’t agree

There were some other tweets and then we went to our real estate articles.

The first article went behind a paywall since I first read it…so I stumbled a bit and went to the next article, which was on buyers coming back to the market.

I didn’t agree with that premise. Also, there was a line in the article that said 30 yr fixed rates are lower due to low demand…which just cannot be the case.

Thank you for watching 😉

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Mortgage Rates came in at 6.19 percent on a 30 year fixed today.

1. The big box stores vs the local appliance store

2. Home showing report….it was a dump.

3. Google Trends has us looking at balloons.
https://www.dailymail.co.uk/news/article-11712125/Explosion-sky-Billings-Montana-Chinese-balloon-spotted-U-S-airspace.html

On the Twitter

Kantro
https://twitter.com/MichaelKantro/status/1621698720302505984

Encore Bubble
https://twitter.com/encorebubble/status/1621696519757004801

Iman Jalali
https://twitter.com/Stealx/status/1621684512127057922

Darth Powell
https://twitter.com/GRomePow/status/1621683197833797632

Car Dealership Guy
https://twitter.com/GuyDealership/status/1621676364238569473

Real Estate News and Commentary

An article that makes little sense
https://unusualwhales.com/news/to-buy-a-median-price-home-in-the-us-an-average-person-would-need-to-make-about-107-000-annually-up-from-about-74-000-a-year-earlier-per-bloomberg

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