Housing market not dead? Good Service?….Why so much regulation? 222 -

We went over so much tonight on the stream! We talked about mortgage rates and how they continue to fluctuate. Lower rates would definitely help, but at the same time, inflation is definitely an issue so Fed seems to be in a bad place.

When you hear the doom and gloom in the real estate space, just know that people are always going to be buying and selling homes. The problem is that so many agents are over leveraged and simply cannot take the hit when the economy turns. That’s no way to run a real estate brokerage.

John has a kitchen problem that has taken a turn for the worse. Moldy and wet underlayment and rotten wood. More $$ will be required.

The last time you received good service, did you put in a good word for the worker who gave you that good service? When you know you’ve received that good service, especially in this day and age, try to tell people you value their work.

We talked about the false news out of Poland that continues to drag the United States closer and closer to war. John’s position is that the killing needs to stop.

Some interesting notes on Twitter tonight. We saw that consumer debt continues to rise in the United States, now in the trillions. Some tweets were related to getting the government out of housing, and then finally a tweet that really tells the story of the Venture Capital and Wall Street game: Technology in Real Estate. If you say your brokerage or your mortgage company uses “AI” you will get all sorts of funding. If you run your brokerage well, give legendary service, Wall Street and VC will look the other way

During the news and commentary section we looked at three articles.

Homebuilder confidence is pretty low. Why is that? Is it something to pay close attention to?
Have the combination of high home prices and higher mortgage rates finally priced would be homebuyers out of the market? How is this a good thing? That is sarcasm
Former Keller Williams CEO sues Keller Williams. What an odd story. We discuss.

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Mortgage Rates down to 6.64% on a 30 year fixed today up .03 from yesterday

There are definitely some buyers still out there
Kitchen sewer is now starting to become a debacle….a saga if you will…pictures included
Employees deserve praise for doing a good job
Why does everything have so much regulation? Americans, did you know there are freer countries?

From Google Trends: War Machine….just terrible
https://www.npr.org/2022/11/16/1137085278/polands-president-says-the-missile-strike-appears-to-be-from-ukraine

On the Twitter

Holger Zschaepitz
https://twitter.com/Schuldensuehner/status/1592575028104933376

John Pasallis
https://twitter.com/JohnPasalis/status/1593014898707296256

John Wake
https://twitter.com/JohnWake/status/1592952994345414656

Grooki the monkey
https://twitter.com/Grooki2/status/1593009121665908736

John Pasallis
https://twitter.com/JohnPasalis/status/1593008150776799233

Housing Wire
https://twitter.com/HousingWire/status/1592986362893983745

Real Estate News and Commentary

Homebuilder confidence not so confident
https://www.mortgagenewsdaily.com/news/11162022-nahb-builder-confidence

Housing out of reach for anyone making less than 100k?
https://www.zerohedge.com/markets/housing-affordability-worsens-homeownership-out-reach-anyone-making-under-100k

Keller Williams CEO sues founder of Keller Williams?
https://therealdeal.com/2022/11/15/ex-keller-williams-ceo-sues-brokerage-gary-keller-for-300m/