What's the deal with the tariff war/reversals?

[IUclover]

Sorry, I can't keep up with what tariffs are active and what has been reversed. I wake to some new tariff and by lunch Mr. 5G decided to back down on the tariff. What's the strategy? Is the plan to just manipulate markets? Does 5G just not like Kentucky bourbon?

I have to move in two months and I have no idea what to expect. I'd welcome lower interest rates but that means housing costs will go up again... similar to Trump's first term when housing started going crazy.

Anyway, is there an actual strategy here?

 

[GooglyMooglyWooglyBoogly]

Sorry, I can't keep up with what tariffs are active and what has been reversed. I wake to some new tariff and by lunch Mr. 5G decided to back down on the tariff. What's the strategy? Is the plan to just manipulate markets? Does 5G just not like Kentucky bourbon?

I have to move in two months and I have no idea what to expect. I'd welcome lower interest rates but that means housing costs will go up again... similar to Trump's first term when housing started going crazy.

Anyway, is there an actual strategy here?

You have to move in two months and you haven’t closed on the place yet?

 

[IUclover]

You have to move in two months and you haven’t closed on the place yet?

I wasn't 100% sure until two days ago when I received job offer. No more fully remote work due to new job responsibilities so we're moving to limit commute time and to an area with better schools. Good times.

 

[mcmurtry66]

Sorry, I can't keep up with what tariffs are active and what has been reversed. I wake to some new tariff and by lunch Mr. 5G decided to back down on the tariff. What's the strategy? Is the plan to just manipulate markets? Does 5G just not like Kentucky bourbon?

I have to move in two months and I have no idea what to expect. I'd welcome lower interest rates but that means housing costs will go up again... similar to Trump's first term when housing started going crazy.

Anyway, is there an actual strategy here?

Housing went crazy under Biden. 2021 was the insane spike. Dems draconian lockdown shit

 

[mcmurtry66]

Sorry, I can't keep up with what tariffs are active and what has been reversed. I wake to some new tariff and by lunch Mr. 5G decided to back down on the tariff. What's the strategy? Is the plan to just manipulate markets? Does 5G just not like Kentucky bourbon?

I have to move in two months and I have no idea what to expect. I'd welcome lower interest rates but that means housing costs will go up again... similar to Trump's first term when housing started going crazy.

Anyway, is there an actual strategy here?

The joe Biden spike. Pick an issue and the team of Biden Harris and the squad broke records. 34 year housing spike. 41 year inflation spike. Border spike. Worst president and vp in my lifetime

 

[IUclover]

Housing went crazy under Biden. 2021 was the insane spike. Dems draconian lockdown shit

I was in the market during Trump’s first term. Every offer had to be $10k to $50k over list price and every house in our range had multiple offers. Just going by the buying experience of every middle class buyer.

Also bought for list price in fall 2021.

 

[Marvin the Martian]

I was in the market during Trump’s first term. Every offer had to be $10k to $50k over list price and every house in our range had multiple offers. Just going by the buying experience of every middle class buyer.

Also bought for list price in fall 2021.

The problem has been, and is, 2008. The US REALLY cut back on housing starts. We have clawed our way back up to near 1984 levels, see chart at the site below:

Single-family house starts in the U.S. 2026 | Statista

In the United States, the projected number of single-family housing unit starts in 2026 is estimated to increase.

www.statista.com

Population isn't growing much, but it is growing. Basically 15 years of no new housing leads to a problem.

 

[mcmurtry66]

I was in the market during Trump’s first term. Every offer had to be $10k to $50k over list price and every house in our range had multiple offers. Just going by the buying experience of every middle class buyer.

Also bought for list price in fall 2021.

2021 under Biden was the largest spike in 34 years. Just giving you the facts. And it only got worse finding a house during the Biden spike. Biden made all aspects of life very expensive. Why Dems got throttled

 

[mcmurtry66]

The problem has been, and is, 2008. The US REALLY cut back on housing starts. We have clawed our way back up to near 1984 levels, see chart at the site below:

Single-family house starts in the U.S. 2026 | Statista

In the United States, the projected number of single-family housing unit starts in 2026 is estimated to increase.

www.statista.com

Population isn't growing much, but it is growing. Basically 15 years of no new housing leads to a problem.

Pre Covid Biden homes were fine. We were actively looking in Delray and boca. Cheap. 21 on forget it.

 

[Mark Milton]

Housing went crazy under Biden. 2021 was the insane spike. Dems draconian lockdown shit

Housing Market has increased significantly over the last 15 years:

Year	Median Sales Price of Homes in the U.S.
1980	$63,700
1985	$82,800
1990	$123,900
1995	$130,000
2000	$165,300
2005	$232,500
2010	$222,900
2015	$289,200
2020	$329,000
2024 Q4	$419,200

As a percentage, from 2000 to 2005 the increase was 40.6%.--the prime fraud years. From 2010-2015 it was 29.7%. From 2016-2020 it is 13.7%. From 2015-2024 it is 27.4%

There is overlap in administrations, but hard to argue that costs haven't increased. New homes took a major hit in 2020-2022 with costs. Price of lumber increased to record highs in the pandemic (August 31, 2020 then again May of 2021). Short supply of for a significant period of time when the bridge and tunnel were closed during pandemic and lumber was scarce. We saw the same thing with steel during the pandemic that saw it peak in 2021, then to some all time low in 2024. Copper was another got really expensive during the pandemic and post pandemic phase.

New housing starts plummeted in 2020--picked up again end of 2021 and into 2022 then dropped off and it has become a weird boom bust cycle of ups and downs. It is expensive to build now. For example, Michigan, I took 3 spots, Traverse City, Rochester and then where I live. Material costs are putting the cost of construction here at $450-550 square foot depending upon location.

 

[JamieDimonsBalls]

The problem has been, and is, 2008. The US REALLY cut back on housing starts. We have clawed our way back up to near 1984 levels, see chart at the site below:

Single-family house starts in the U.S. 2026 | Statista

In the United States, the projected number of single-family housing unit starts in 2026 is estimated to increase.

www.statista.com

Population isn't growing much, but it is growing. Basically 15 years of no new housing leads to a problem.

We've discussed the supply and demand imbalance for years. Not sure why people aren't able to keep up. This started at least back in 1990 (divergence between supply and demand) and likely before that.

Make it count: Measuring our housing supply shortage

www.brookings.edu

 

[mcmurtry66]

Housing Market has increased significantly over the last 15 years:

Year	Median Sales Price of Homes in the U.S.
1980	$63,700
1985	$82,800
1990	$123,900
1995	$130,000
2000	$165,300
2005	$232,500
2010	$222,900
2015	$289,200
2020	$329,000
2024 Q4	$419,200

As a percentage, from 2000 to 2005 the increase was 40.6%.--the prime fraud years. From 2010-2015 it was 29.7%. From 2016-2020 it is 13.7%. From 2015-2024 it is 27.4%

There is overlap in administrations, but hard to argue that costs haven't increased. New homes took a major hit in 2020-2022 with costs. Price of lumber increased to record highs in the pandemic (August 31, 2020 then again May of 2021). Short supply of for a significant period of time when the bridge and tunnel were closed during pandemic and lumber was scarce. We saw the same thing with steel during the pandemic that saw it peak in 2021, then to some all time low in 2024. Copper was another got really expensive during the pandemic and post pandemic phase.

New housing starts plummeted in 2020--picked up again end of 2021 and into 2022 then dropped off and it has become a weird boom bust cycle of ups and downs. It is expensive to build now. For example, Michigan, I took 3 spots, Traverse City, Rochester and then where I live. Material costs are putting the cost of construction here at $450-550 square foot depending upon location.

We were looking in 2018 2019 actively in boca and Delray. Cheap. Cheaper than here. Then 2021. Remote work inflation. Forget it. 2021 18 percent. One year. Largest spike on record

Freddie Mac house price index change 1990-2024 | Statista

How much have home values increased in the past year? In 2024, house prices grew slower than the long-term average, according to the Freddie Mac index.

www.statista.com

 

[JamieDimonsBalls]

I was in the market during Trump’s first term. Every offer had to be $10k to $50k over list price and every house in our range had multiple offers. Just going by the buying experience of every middle class buyer.

Also bought for list price in fall 2021.

This is not a domestic phenomenon. Canadians who have experience on both sides of the border have told me it is worse there than here.

 

[mcmurtry66]

Housing Market has increased significantly over the last 15 years:

Year	Median Sales Price of Homes in the U.S.
1980	$63,700
1985	$82,800
1990	$123,900
1995	$130,000
2000	$165,300
2005	$232,500
2010	$222,900
2015	$289,200
2020	$329,000
2024 Q4	$419,200

As a percentage, from 2000 to 2005 the increase was 40.6%.--the prime fraud years. From 2010-2015 it was 29.7%. From 2016-2020 it is 13.7%. From 2015-2024 it is 27.4%

There is overlap in administrations, but hard to argue that costs haven't increased. New homes took a major hit in 2020-2022 with costs. Price of lumber increased to record highs in the pandemic (August 31, 2020 then again May of 2021). Short supply of for a significant period of time when the bridge and tunnel were closed during pandemic and lumber was scarce. We saw the same thing with steel during the pandemic that saw it peak in 2021, then to some all time low in 2024. Copper was another got really expensive during the pandemic and post pandemic phase.

New housing starts plummeted in 2020--picked up again end of 2021 and into 2022 then dropped off and it has become a weird boom bust cycle of ups and downs. It is expensive to build now. For example, Michigan, I took 3 spots, Traverse City, Rochester and then where I live. Material costs are putting the cost of construction here at $450-550 square foot depending upon location.

This is how stupid it is. In 2019 you could get a 4/4 3,000 Sq foot home with a beautiful pool in boca in a gated community for $700k. They’re bldg new condos next to my grocery store here. 2 bed 2 bath 1.5 mil. They share a lot with the grocery store and overlook an office bldg. and we have a 50,000 waitlist for mls season tix bc there’s not a Fing thing worthwhile to do here. It should cost peanuts to live here

 

[Mark Milton]

This is how stupid it is. In 2019 you could get a 4/4 3,000 Sq foot home with a beautiful pool in boca in a gated community for $700k. They’re bldg new condos next to my grocery store here. 2 bed 2 bath 1.5 mil. They share a lot with the grocery store and overlook an office bldg. and we have a 50,000 waitlist for mls season tix bc there’s not a Fing thing worthwhile to do here. It should cost peanuts to live here

$78k to live on the water in Gary Indiana. 3 bedroom, 2 1/2 bath. Fenced in backyard, and right next door to the pawn shop

 

[mcmurtry66]

$78k to live on the water in Gary Indiana. 3 bedroom, 2 1/2 bath. Fenced in backyard, and right next door to the pawn shop

The region baby

 

[Mark Milton]

Or how about this beauty in Flint Michigan:

2516 Wisner St, Flint, MI 48504 | realtor.com®

2516 Wisner St, Flint, MI 48504 is for sale. View 15 photos of this 3 bed, 1.5 bath, 1362 sqft. single family home with a list price of $14900.

www.realtor.com

Built in 1900 and never had the roof replaced!! Just like new!!

Don't worry about the house being sloped to one side--you'll get used to it. It is $14,900--it could easily serve as your secret hideaway when you need to have a top secret love shack

 

[UncleMark]

$78k to live on the water in Gary Indiana. 3 bedroom, 2 1/2 bath. Fenced in backyard, and right next door to the pawn shop

On the water? Calumet river?

 

[Mark Milton]

On the water? Calumet river?

exactly lol

 

[outside shooter]

On the water? Calumet river?

no, a raw sewage collection pond

 

[mcmurtry66]

$78k to live on the water in Gary Indiana. 3 bedroom, 2 1/2 bath. Fenced in backyard, and right next door to the pawn shop

We have an entire north side of homes for $10k or less. Buy it on a tues the city will have your first round of housing code citations ready on Wed. Then you can spend the next five years riding the housing docket. Miss an appearance warrant. Real incentive for gentrification

 

[BradStevens]

This is how stupid it is. In 2019 you could get a 4/4 3,000 Sq foot home with a beautiful pool in boca in a gated community for $700k. They’re bldg new condos next to my grocery store here. 2 bed 2 bath 1.5 mil. They share a lot with the grocery store and overlook an office bldg. and we have a 50,000 waitlist for mls season tix bc there’s not a Fing thing worthwhile to do here. It should cost peanuts to live here

I've heard housing prices in East St. Louis with river views are still reasonable. . .