Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
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Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#2There aren’t enough homes or jobs. What do?
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#3Why get out of a 3-4% loan just to get into a 7-8% loan?
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#4Why get out of a 3-4% loan just to get into a 7-8% loan?
I think if you believed 7-8% loans were normal, you might be more likely to bite the bullet and make your move.
But if you believe 3-4% is normal, then you’re probably waiting for rates to return to “normal.”
I think it’s a side effect of years of low interest rates… people are conditioned now to believe low is normal, and they want to hang on until we get back to that.
I was hoping rates would stay “high” for a while which I thought would soften the housing market so I could buy, but that doesn’t seem to have happened. Instead of prices dropping, inventory just dried up.
Shows how silly I am for thinking I could time the market.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#5Why get out of a 3-4% loan just to get into a 7-8% loan?
I think if you believed 7-8% loans were normal, you might be more likely to bite the bullet and make your move. But if you believe 3-4% is normal, then you’re probably waiting for rates to return to “normal.” I think it’s a side effect of years of low interest rates… people are conditioned now to believe low is normal, and they want to hang on until we get back to that. I was hoping rates would stay “high” for a whil…
Real estate market will soften as the economy comes off the rails [1]. 6-12 months from now should have more motivated sellers depending on market (foreclosures in Clark County Las Vegas market are up 32% year over year June 2025, for example [2]). Short sales and foreclosure auctions are also options. If you still want to buy down the road, be in the strongest financial position possible to get financing and make an offer when the market conditions turn more buyer favorable. Seller concessions can be used to buy down the mortgage rate, if that’s useful information.
[1] https://www.cnbc.com/2025/07/14/us-housing-markets-falling-p...
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#6There aren’t enough homes or jobs. What do?
We're heading further into a reality where there just aren't enough jobs. All the money has been hoovered into the stock market. There's just not enough floating around to pay people, it's all going into LLM electricity or graphics cards.
We should be living in a time of ease, where the whole planet is sustained with all of us only working a few hours a week. Instead most people are fighting for scraps barely able to afford rent.
It won't continue like this forever. The line doesn't always go up.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#7Homes are unaffordable to most. Even if you sell your house for a million dollar where will
You move to?
As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase.
It does not take a genius to understand why there is no mobility.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#8Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase. It does not take a genius to understand why there is no mobility.
Because you've all treated housing as a financial instrument,
instead of what it should be: safety for your family.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#9There aren’t enough homes or jobs. What do?
We're heading further into a reality where there just aren't enough jobs. All the money has been hoovered into the stock market. There's just not enough floating around to pay people, it's all going into LLM electricity or graphics cards. We should be living in a time of ease, where the whole planet is sustained with all of us only working a few hours a week. Instead most people are fighting for scraps barely able to…
Tentative book title: The Line Stops.
Re: Nobody’s buying homes, nobody’s switching jobs, America’s mobility is stalling
#10Homes are unaffordable to most. Even if you sell your house for a million dollar where will You move to? As far jobs are concerned the job market is completely fucked up. Their is oversupply and there are no wage increase. It does not take a genius to understand why there is no mobility.
> Even if you sell your house for a million dollar where will You move to?
Literally anywhere in the "bottom" 99% of the country by real estate costs?