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Topic: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes

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Honestbuckeye

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35112 on: July 26, 2024, 12:55:07 PM »
https://www.newsweek.com/florida-housing-market-nightmare-scenarios-deals-collapse-1930532

Thoughts from Floridians? Is this portending a meaningful change in the housing market?
Well, since I am in banking in Florida, and run the Mortgage area, I feel equipped to answer that.

I wouldn’t connect it to any national trend that is going to happen. 

Believe it or not the biggest contributor to the statistics is condominiums. After that collapse sometime back, HOAs Are now being held accountable through the appraisal process for any structural repairs regardless of how material they are.  In their fear to be held accountable financially, they are substantially increasing budgets and assessments.  When people go to calculate their monthly payment, the HOA fees, combined with the already high insurance is shocking people into changing their mind. 
In fact, many people who own condos are being shocked by extremely large and sudden new assessments from their HOA.  Some of them are actually running into Financial or looking to sell altogether.
Get your facts first, then you can distort them as you please.
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Honestbuckeye

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35113 on: July 26, 2024, 01:00:36 PM »
That feels like more urban legend than reality, though part of the issue is "conservative" and "made up hooey" are increasingly becoming one and the same.
Made up hooey.     That’s the Dem playbook.  😂

Kamala was never the border czar. 😂.  Illegal crossings are down under this administration 😂
Kamala is not radical left😂.   Trump staged his assisination attempt😂. Kamala never encouraged the riots😂.  Biden inherited 9% inflation😂

I could go on for days.   The list is endless- And it’s the BS they’re trying to pedal now. 
Get your facts first, then you can distort them as you please.
-Mark Twain

Cincydawg

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35114 on: July 26, 2024, 01:00:43 PM »
So, folks are backing out of a lot of condo contracts because they discovered rather late in the game the HOA was high?

I got hit with an assessment this year, it happens, we have some older infrastructure that needed replacing.  My HOA is based on square footage.

Honestbuckeye

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35115 on: July 26, 2024, 01:02:45 PM »
So, folks are backing out of a lot of condo contracts because they discovered rather late in the game the HOA was high?

I got hit with an assessment this year, it happens, we have some older infrastructure that needed replacing.  My HOA is based on square footage.
Yes.  Or the assessment hasn’t come yet, but they learned that it is on the way     And I mean very, very large assessments
Get your facts first, then you can distort them as you please.
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betarhoalphadelta

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35116 on: July 26, 2024, 01:03:07 PM »
Well, since I am in banking in Florida, and run the Mortgage area, I feel equipped to answer that.

I wouldn’t connect it to any national trend that is going to happen. 

Believe it or not the biggest contributor to the statistics is condominiums. After that collapse sometime back, HOAs Are now being held accountable through the appraisal process for any structural repairs regardless of how material they are.  In their fear to be held accountable financially, they are substantially increasing budgets and assessments.  When people go to calculate their monthly payment, the HOA fees, combined with the already high insurance is shocking people into changing their mind. 
In fact, many people who own condos are being shocked by extremely large and sudden new assessments from their HOA.  Some of them are actually running into Financial or looking to sell altogether.
Interesting. Thank you. 

If so many are trying to sell, where are they going? While these high HOA costs may be narrowing the gap between condos and SFH, I'm sure it's not narrowing it enough that someone who could previously only afford a condo can afford a SFH in the same locale, especially with the big boom in housing prices and high mortgage rates, right? And I doubt they're selling to start renting. 

Any chance that this is going to be the pin popping the balloon? Condos are the bottom of the ladder so it's the place where perhaps affordability will collapse the most and drag down prices... But will that drag down prices of SFH in a cascade? 

Honestbuckeye

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35117 on: July 26, 2024, 01:07:08 PM »
Interesting. Thank you.

If so many are trying to sell, where are they going? While these high HOA costs may be narrowing the gap between condos and SFH, I'm sure it's not narrowing it enough that someone who could previously only afford a condo can afford a SFH in the same locale, especially with the big boom in housing prices and high mortgage rates, right? And I doubt they're selling to start renting.

Any chance that this is going to be the pin popping the balloon? Condos are the bottom of the ladder so it's the place where perhaps affordability will collapse the most and drag down prices... But will that drag down prices of SFH in a cascade?
I don’t think that is a worry.  The SFH and condo markets in Florida tend to be very separate and distinct markets and clientele. 

Get your facts first, then you can distort them as you please.
-Mark Twain

Cincydawg

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35118 on: July 26, 2024, 01:16:57 PM »
Yes.  Or the assessment hasn’t come yet, but they learned that it is on the way    And I mean very, very large assessments
I got it, they sign to buy, and in the interim before closing, a huge assessment hits.  Yeah, I'd back out also.  And then as you note, the current owners would be motivated to try and sell as well generating a glut.

And if I was under contract and became aware that OTHER condos were getting hit, I'd back out even if mine hadn't hit yet.

utee94

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35119 on: July 26, 2024, 01:24:29 PM »
I'm "friends" on FB with a number of Marines, most of whom post a ton of conservative stuff.  Much of it is memes that are misleading or just false, but it comes through, and then they comment on it for a while.  I'm also on with a number of baseball players who do  the same thing, a couple of them are quite conservative.  They light it up, and it goes through.

I also have liberal 'friends" who post stuff, of late it's mostly been about Project 2025.  If I note an inaccuracy in something, that goes through, though expectedly it has no impact on the liberals even if I use liberal sources for the facts. 

I occasionally post a political topic myself, probably half are left leaning and half are right leaning, just to stir pots.  They all go through except the aforementioned pair which weren't in my mind political at all. 

I know they use some algorithms to reject posts, and their programming is really weird and not good.

OK, that's fine.  Whether I'm correct and that conservatives are targeted more than liberals, or you're right and it's random, either way it's obvious Facebook can't be considered a conservative media source.  Nor are TikTok or Insta.

And I've also asserted that Twitter isn't a conservative source either.  It's gone from being extremely left-leaning pre-Musk, to a mixed bag of completely unreliable twattle after Musk purchased it.  But that doesn't make it conservative.

So, so far, we've still only named Fox News as a source of conservative viewpoints being widely distributed to the public.

Cincydawg

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35120 on: July 26, 2024, 01:31:06 PM »
I don't know if OAN and NM are "widely available".  

I look at "The Hill" daily for news, I find it useful.  I don't think it's either L or R.

I find the business channels to lean a bit right, it depends on one's perspective.  Their audience is probably slightly right leaning.  The WSJ editorial page is pretty right these days I think.  I watch CNBC in the gym sometimes and I'd view them as somewhat right leaning.

I think we agree the most insidious kinds of "news" comes in movie that are slanted and in outlets that either don't cover certain news events or suppress it on page 22.

847badgerfan

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35121 on: July 26, 2024, 01:38:00 PM »
The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and Video (wsj.com)
The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and Video (wsj.com)
U RAH RAH! WIS CON SIN!

utee94

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35122 on: July 26, 2024, 01:47:37 PM »
I have no idea what NM is but not even my MAGA parents source anything from OAN.  

WSJ editorializes to the right, I'd agree.


847badgerfan

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35123 on: July 26, 2024, 01:49:22 PM »
Newsmax is pretty far right, which is why I don't pay much attention to them. Is OAN still a thing? For some reason I thought they went away.
U RAH RAH! WIS CON SIN!

betarhoalphadelta

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35124 on: July 26, 2024, 02:47:24 PM »
I look at "The Hill" daily for news, I find it useful.  I don't think it's either L or R.
I see them hitting both sides from time to time. I don't know if there's a "lean" one way or the other, but it's certainly not exclusively one way if there is. 

MaximumSam

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Re: OT-Catch all thread - Personal attacks will result in a time out
« Reply #35125 on: July 26, 2024, 03:16:09 PM »
OK, that's fine.  Whether I'm correct and that conservatives are targeted more than liberals, or you're right and it's random, either way it's obvious Facebook can't be considered a conservative media source.  Nor are TikTok or Insta.

And I've also asserted that Twitter isn't a conservative source either.  It's gone from being extremely left-leaning pre-Musk, to a mixed bag of completely unreliable twattle after Musk purchased it.  But that doesn't make it conservative.

So, so far, we've still only named Fox News as a source of conservative viewpoints being widely distributed to the public.

No, Twitter I think can safely be called conservative, as Elon Musk likes to broadcast Republican talking points into everyone's feed on a regular basis. If that has to be called neutral, then what is the point of this exercise?

 

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