St. Mary's Homes sales & prices down in Q4 2018

[David]

Despite an increase in home sales in during the third quarter in St. Mary’s County, home sales dipped during the fourth quarter, according to the Southern Maryland Association of REALTORS® (SMAR). With decreases of 16.67, 17.19 and 28.1 percent during the fourth quarter, the average rate of growth in home sales decreased by 20.9 percent. Average and median prices saw decreases by 2.4 and 3.9 percent respectively as compared to the same time in 2017.

Charts on their site: http://www.southernmarylandrealtors.org/2018Q4CharlesStMarys

It just amazes me how the financial world always has to see growth, growth, growth. As if anything can keep growing forever, or even that that is a good thing. Wall Street is the worst in this regard.

 

[transporter]

Yeah...that's kinda the whole freaking point. Christ...what is it that you don't get? If home sales are dropping and continue to do so, the next thing to drop is home prices. This process was the foundation that led to the Great Recession....or did you forget about that already?

Growth is the goal of any and every business (profit growth). Growth is the goal of any and every investor (growth in value). Growth should be the goal of every employee (wage growth).

Yes, things should grow forever....reality doesn't work that way but that is the ideal. Again...that is the whole freaking point of our system.

 

[Auntie Biache']

...rebuilding my iggy list....

 

[Gilligan]

Yeah...that's kinda the whole freaking point. Christ...what is it that you don't get? If home sales are dropping and continue to do so, the next thing to drop is home prices. This process was the foundation that led to the Great Recession....or did you forget about that already?

Growth is the goal of any and every business (profit growth). Growth is the goal of any and every investor (growth in value). Growth should be the goal of every employee (wage growth).

Yes, things should grow forever....reality doesn't work that way but that is the ideal. Again...that is the whole freaking point of our system.

You obviously don't believe in personal growth, however.

 

[LightRoasted]

If I may ...

Yeah...that's kinda the whole freaking point. Christ...what is it that you don't get? If home sales are dropping and continue to do so, the next thing to drop is home prices. This process was the foundation that led to the Great Recession....or did you forget about that already?

Growth is the goal of any and every business (profit growth). Growth is the goal of any and every investor (growth in value). Growth should be the goal of every employee (wage growth).

Yes, things should grow forever....reality doesn't work that way but that is the ideal. Again...that is the whole freaking point of our system.

This type of growth is unnatural. Foisted artificially by monetary inflation. ie. expansion of the money supply. It is not organic growth.

Wage growth, in today's environment, does not keep up with the falling value of the dollar. Hence why people can never seem to get ahead because of everything costing more because of monetary inflation. If wage growth is said to be 5% annually, (a pipe dream), and real inflation, (not the BS government CPI number), is 10-15%, people lose purchasing power relative to consumer goods increases. So even if cutting back on expenditures, people can never keep up.

Home sales are dropping because wage increases have not kept up with the increase in monetary expansion, inflation. They will continue to drop until such a level is achieved where the median wage can support a mortgage relative to a home price.

Try again.