Companies are starting to hire again we’ll soon be back to normal
Seems like the market is cooling down with news of no rate cut. #mortgage #housing #seattle
Sympathy for all folks who is effected with the mass layoffs. Will compensation across the industry go through a correction with mass layoffs and possible realisation at the companies that they can’t roll out massive offers given the supposed market conditions. Any idea what would be the medium and ...Read more
https://www.zillow.com/homedetails/11612-NE-74th-Street-Kirkland-WA-98033/108827687_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare The asking price of this house is down by more than 25%. Maybe Amazon RTO will put a pause on such cases.#housing #seattle
Most houses >2.5 mil in Seattle/Eastside area have missed the offer review date. Looks like a significant correction ahead in housing considering interest rates are set to rise. Also no more money printing by the feds. TC: 300k YOE: 7
https://fortune.com/2022/05/09/housing-bubble-watch-housing-markets-are-beginning-to-look-like-they-did-in-2007/ Above article suggests Seattle/Bellevue/Tacoma etc.. houses are 30% overvalued. Do you anticipate price correction with this turbulent economic journey ahead?
[Blind] Check out this post! Calling it peak of stock market ? (Investments & Money) https://us.teamblind.com/s/zouOQtmD [Blind] Check out this post! One last move for stock market in this bubble? (Investments & Money) https://us.teamblind.com/s/VvaYqUkw Above is the post I posted early feb callin...Read more
Since everything is correcting (Stocks & Crypto), does anyone think housing markets will crash as well
According to All In podcast, Elon may actually prove that software companies can be run super lean. That will prove to other tech companies and PE’s to force a meaningful reduction in tech employment. There will also be massive M&A and many tech companies (below $10B valuation) will go bankrupt. Th...Read more
As a laid-off tech professional struggling to find a new job in the field, is it worth considering a correctional officer role in the prison system? What's it like working in this field, especially as a female? Those with experience in this role, please share your insights and advice.
Is TC heading for a downward correction? I really hope not, I just joined the tech TC party :( TC 📉 https://www.businessinsider.com/chart-shows-most-unsustainable-tech-company-compensation-plans-rsus-equity-2022-5
I cant talk about Seattle urban, but many of my friends who are on H1B and have houses in Kenmore, Bothell and are recently laid off by Amazon and few by Meta. They all are putting their house for sell at a price they wont break even and I am thinking if the scale is large enough that this will cau...Read more
Housing has been slow in the last two months. Now with not-so-good Netflix earning last week, ok Google and terrible Facebook earnings this week, will the correction happen soon? If yes how far is the housing price correction lagging behind bad earnings?
I have seeing house price corrected 10-15%. Some houses are like 100-150K down from last sold price. Just wondering how much time does it takes for the breakeven levels? Normal appreciation itself will take 6-7 years for breakeven. In such cases what would be the timeline?
Seattle home prices are still massively inflated. A correction of another 30% is required for fair market value i.e 2018-2019 prices. The current layoff numbers are laughable. For a meaningful correction, Amazon/Msft will need to Shed around 20k employees each in Seattle alone. This is required to...Read more
My crystal ball tells me 2022 housing market is going to have a correction. Expect 15% down from this year high (perhaps 20%). Similar to the 2019 correction is coming. 1) increased way too fast and too high. People are tired of the market 2) more buyers will give up with coming interest rates. 3...Read more
Is the market heading for a correction? Last time during the standoff with Iran or during China trade tariff war, we shrugged off easily. This time just because someone had bat soup in China, I have lost so much money. Is this the correction the market is waiting for?