@evan12286@ryancohen One way to look at it. The other one is that the more buying retail does on a vwap adjusted deal. The few amount of shares are used in the deal. Keeping price higher than it would have dropped without retail buying.
@DougReynoldsTSD@TrollyP71@VladTheInflator Lending requirements need to be adjusted. Rate drops increase demand, lower supply. Require 20% down unless a first time home buyer, this drags down demand. There are other lending adjustments that can be made
@JoeMcCarthy1980@jonbrooks Itโs gotta be rates that take the hit. The labor cost will remain high, the cost of materials might drop a little but never back down to levels we were accustomed to. Only way new builds open up again is rate reduction and that has a limit as we canโt allow 3% again.
@JoeMcCarthy1980@jonbrooks Cause no one wants to sell then pay more for a higher price and rate. Keep the price high, you get a buyer or you stay where you are at a lower rate
@thomas90099@jonbrooks They will just file bankruptcy, protect their home and sit. Rates must reduce for action to begin again. Just like they adjust prices of consumer goods and make it the new norm, they dropped rates and people now expect the new norm.
@DougReynoldsTSD@TrollyP71@VladTheInflator Why sell with a low rate. They can either pay the premium price or people will stay where they are. Drop rates back to 4 again and uou will see home prices drop a bit cause they are willing to settle for a little less due to lower rate for their next purchase
@jonbrooks Home prices at the end of the day will always appreciate. Itโs just like the stock market. There a very big swings down in chaotic time but the trend has always been up
@jonbrooks No one gonna sell and move with the current rates. So stick a high price on the house and if you get a seller great if not youโre still good with your lower rate.
@theresa_perrin To get 10-14 there would need to be an event in market and no retail buying auppprt. The debt holder want this completed quick, 35 day window was the company having time for eBay proxy fight set up. Better for company the less shares they have to dilute for thier proxy war.