Risin' Rates, Cafe Closures, Musk's Stand, and the Debt Ceiling Dance: Real Estate Round-Up Hoedown

"So, another wild ride through real estate news has come to a close. We've navigated the choppy seas of soaring mortgage rates and pondered the possible doom-and-gloom scenario if our friends in Congress don't raise the debt ceiling. Of course, we had to address the 'shocking' closure of Toronto's most infamous anti-capitalist cafe. Then we braced ourselves for a lively discussion on Elon Musk's latest bout with a reporter over free speech - always a treat. Missed the live session? No biggie. Hit play and get your fill of our refreshingly frank discourse - maybe even learn a thing or two for your real estate endeavors

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Mortgage Rates came in at 6.69 percent on a 30 year fixed today.

Showed a house tonight
-house was on a busy street
-bathroom did not have a door
-house was in front of a bus stop
-the agent listing the house had a sign that didn’t include the brokerage with whom she has her license with on the sign(quite a no no)
-wanted more than 500,000, but the building quality and materials were from about a 200k house. Cheap 6 panel doors that did not close and weren’t well painted, the kitchen had a Thermador oven but 80’s white whirlpool refrigerator, dish washer, and trash compactor.
-the square footage listed was dramatically different than the tax records, so look for that to be an issue at tax time.

Anti Capitalist Café in Toronto didn’t work out?
https://nypost.com/2023/05/16/toronto-anti-capitalist-pay-what-you-can-cafe-closes-after-year-in-business/

Elon Musk will say whatever he wants to say….which would you rather, an executive who panders to every group or one who tells you exactly what they are thinking?
https://twitter.com/VigilantFox/status/1658669513129226241

On the Twitter

Steve Harney
https://twitter.com/SteveHarney/status/1658995649143029762

Darth Powell
https://twitter.com/GRomePow/status/1659010309682774016

Darth Powell
https://twitter.com/GRomePow/status/1659003803344175104

Tracy Alloway
https://twitter.com/tracyalloway/status/1658946560737128458

Darth Powell
https://twitter.com/GRomePow/status/1658994224279474176

Steph Reid-Simons
https://twitter.com/REstephRS/status/1658985738678030336

Real Estate News and Commentary

If the debt ceiling isn’t raised, home sales will be hurt? Really?
https://www.forbes.com/sites/kathleenhowley/2023/05/16/if-the-debt-ceiling-isnt-raised-higher-mortgage-rates-will-hurt-home-sales

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