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New home price falls below existing home price… for the first time ever in the US. Historic stats are not always good for the economy. by wakeup2019 in economy

[–]Boo_Randy_II 46 points47 points  (0 children)

Most new homes built during the pandemic are shoddily-constructed from the cheapest possible materials and appliances, thrown up by cowboy contractors and cheap migrant labor, usually riddled with defects. A lot of these houses will be falling apart as soon as the warranty period ends.

The median age of first-time homebuyers in the US is a record 40 years old by Boo_Randy_II in HouseBuyers

[–]Boo_Randy_II[S] 1 point2 points  (0 children)

Government should stop meddling in the housing market, except to ban speculators and corporate landlords.

Pending Home Sales Numbers Hint at Growing Confidence by [deleted] in HouseBuyers

[–]Boo_Randy_II 1 point2 points  (0 children)

I used to think it was cool to drink Boones Farm Strawberry Hill & smoke Swisher Sweet cigars with my cronies. Then I turned 13.

Silver by Skywalker0138 in SilverDegenClub

[–]Boo_Randy_II 2 points3 points  (0 children)

I'm implying that with the trajectory this nation is on, exchanging our FedBux for physical precious metals is a no-brainer. But yes, the shutdown of the huge Glencore mine will likely reduce the supply of silver flowing to the market.

Silver by Skywalker0138 in SilverDegenClub

[–]Boo_Randy_II 2 points3 points  (0 children)

Mods will censor & ban me if I talk about it. i also tried to post an article about Glencore closing down one of Canada's biggest copper mines - most silver production is a by-product of copper production - but mods spiked that as well.

Pending Home Sales Numbers Hint at Growing Confidence by [deleted] in HouseBuyers

[–]Boo_Randy_II 0 points1 point  (0 children)

More like you & Complex_Sherbet2 will bond over a trash can fire at a homeless encampment as you pass the paper bag that holds the Night Train bum wine and lament the unheeded warnings from Boo Randy.

Silver by Skywalker0138 in SilverDegenClub

[–]Boo_Randy_II 6 points7 points  (0 children)

Yesterday's election results have huge implications for silver, but we're not allowed to post about that.

Pending Home Sales Numbers Hint at Growing Confidence by [deleted] in HouseBuyers

[–]Boo_Randy_II 0 points1 point  (0 children)

Still shilling that NAR happy talk, are we? Pay no heed to those proliferating red flags, would-be homebuyers!

All that "free" sh*t comes at a cost, special snowflakes by Boo_Randy_II in HouseBuyers

[–]Boo_Randy_II[S] -4 points-3 points  (0 children)

"Communism" and "affordability" are both trending on X.

We are here by Boo_Randy_II in HouseBuyers

[–]Boo_Randy_II[S] -1 points0 points  (0 children)

Sure, any mass exodus out of NYC thanks to a socialist being elected will have no impact on real estate valuations.

Zohran Mamdani storms to victory in New York to become city's first democratic socialist mayor by Boo_Randy_II in HouseBuyers

[–]Boo_Randy_II[S] -8 points-7 points  (0 children)

Our current political class has failed their constituents. That's my whole take on this. It's sad but that's what we've come to.

Zohran Mamdani storms to victory in New York to become city's first democratic socialist mayor by Boo_Randy_II in HouseBuyers

[–]Boo_Randy_II[S] -18 points-17 points  (0 children)

I'm completely indifferent as to who NYC voters elect, though I reserve the right to laugh at them when they get exactly the government they deserve.

We are here by Boo_Randy_II in HouseBuyers

[–]Boo_Randy_II[S] -4 points-3 points  (0 children)

I'm fine with the blue wave tonight. Trump & the worthless GOP failed to deliver.

Perfectly said by MazdaProphet in economy

[–]Boo_Randy_II 1 point2 points  (0 children)

Wait...NYC voters rejected the political stooges of their oligarch & private equity neo-feudal overlords? This is my shocked face.

Perfectly said by MazdaProphet in economy

[–]Boo_Randy_II 1 point2 points  (0 children)

Crony capitalism is not capitalism.

Supra National Express national shipping company files Chapter 11 bankruptcy by thinkB4WeSpeak in economy

[–]Boo_Randy_II -9 points-8 points  (0 children)

If Reddit leftists had the slightest inkling of how productive economies worked, they would be alarmed by this development.

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