Contractor Gunner
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Top States Where Home Prices Could Drop in 2024 and 2025
Even though a collapse of the housing market across the country is not expected, some states and metro areas might see declining home prices due to various economic factors, market forces, and local conditions. The following are the top states and regions where housing prices may come under significant pressure:
California
Regions Affected: San Francisco Bay Area, Los Angeles, and other high-cost areas.
Reasons: High home prices, affordability problems, economic uncertainty, and out-migration are all likely to contribute to declines in these parts. Regions like the San Francisco Bay Area have historically been prone to price corrections due to their high cost of living and rapid price escalations in recent years.
Florida
Regions Affected: Coastal areas like North Port-Sarasota-Bradenton, Cape Coral-Fort Myers, Miami-Fort Lauderdale-West Palm Beach, and Deltona-Daytona Beach-Ormond Beach.
Reasons: These places saw strong increases in pricing during the COVID-19 pandemic and are also suffering from rising disaster insurance costs amid escalating climate risk perception, which has made them less desirable and, hence, should experience price drops.
Texas
Regions Affected: Austin-Round Rock-Georgetown, Dallas-Fort Worth-Arlington, Houston-The Woodlands-Sugar Land.
Reasons: Austin had one of its most expensive years ever for buying houses last year at the very same time when many other cities were seeing their markets cool off significantly. This was mainly because none had grown so fast or became such popular destinations among Americans and foreign migrants. Everything seems overpriced, especially if we consider current interest rates being pushed up by Federal Reserve Board policy responding potentially negatively towards these markets due to their overheating conditions.
Nevada
Regions Affected: Las Vegas-Henderson-Paradise.
Reasons: Las Vegas experienced some of the largest price increases recently. However, high living costs and economic uncertainty mean that prices could fall.
Arizona
Regions Affected: Phoenix-Mesa-Chandler.
Reasons: Like in Vegas, we also notice fast-growing demand followed by excessive supply, leading to price drops within short periods. This is because people can’t afford them any longer. They were given affordability challenges created through previous rapid price escalations driven mainly by low-interest rates coupled with easy access mortgages during this period of economic recovery. This is more characterized than ever before: Americans spent less money on housing. This was primarily because they hadn’t saved much yet. So again, let’s see what happens next here too.
Factors Contributing To Possible Declines
High Mortgage Rates: Elevated mortgage rates reduce affordability, decreasing demand and leading to lower prices in the market.
Economic Uncertainty: Inflation and potential economic slowdowns add volatility to financial markets. Thereby causes fluctuations within them. This holds, especially those related directly or indirectly to real estate investments such as mortgage-backed securities. The performance of these investments may suffer due mostly to such events happening concurrently, i.e.. Inflationary pressures combined with background fears about recessionary tendencies arise out of a widespread belief among investors concerning possible bubble burstings within various sectors associated closely with the housing industry. Globally speaking, time will tell how things turn out exactly, but till then, let us hope everything goes according to plan. So far, so good!
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What is the Defunding the Police Movement. What does Defunding the Police mean? How does defunding the police movement work? What politician support the defunding the police movement? Can you please explain in detail how Kamala Harris supported Los Angeles Mayor Eric Garcetti defunding the Los Angeles Police Department out of $150 million dollars? Is Kamala Harris anti-law enforcement?
https://www.youtube.com/watch?v=Cdd3XQv8LRc&t=396s&ab_channel=CNN
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Depending on the trends and data available up to April 2024, I can give you a brief view of the Utah housing market and related factors. Remember that real estate markets can be volatile and subject to rapid changes.
Forecast for Utah Housing Market:
The Utah housing market has been strong over the last few years, with steady price appreciation. However, an exact forecast would require considering various economic factors and local conditions.
Average Home Price:
In early 2024, the median price of homes in Utah was about $450,000 to $500,000, but this can vary greatly depending on where in the state one looks.
Cities with Best Value and School Districts:
Some cities often mentioned for their good value and strong school districts are:
- Provo
- Orem
- South Jordan
- Bountiful
- Kaysville
These areas tend to have affordable housing options while still providing quality education; however, it’s important to look into current events.
Utah Home Prices Compared to National Average:
Generally speaking, Utah’s home prices have been higher than those across America because of robust economic growth coupled with high levels of inward migration.
Utah Economy:
Utah consistently boasts a healthy economy characterized by its diversity and low unemployment rates, which have always remained below national averages. Key sectors include the technology industry, healthcare, and outdoor recreation.
Cost of Living and Taxes:
Typically, the cost of living tends to be slightly US standards, which may be considered normal. At the same time, state imposes flat rate income tax alongside relatively low property taxes whose rates differ among municipalities depending on sales tax should one opt live here.
Family-Friendly Atmosphere:
People often see Utah as an ideal place to raise children due to its outdoor recreational opportunities and strong communities that embrace family values wholeheartedly.
Relocation to Utah:
Whether moving makes sense largely depends on individual situations, such as job prospects, personal preferences, lifestyle choices, and financial implications.
States People Are Moving From:
Most people who move to Utah come from these states:
- California
- Texas
- Idaho
- Washington
- Arizona
Remember, this is data until early 2024. For the latest information, it’s best to talk with local real estate professionals or consult economic reports issued by official state agencies.
https://gustancho.com/utah-mortgage-calculator/
gustancho.com
Utah Mortgage Calculator | Powered By Gustan Cho Associates
Homebuyers in Utah can calculate PITI, MIP, HOA, and DTI using the Utah Mortgage Calculator Powered By Gustan Cho Associates
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Kamala Harris has a mixed biography, some of which seem good, while other parts of her biography are controversial and questionable. I will cover a detailed biography of Kamala Harris as of July 24th, 2024, from the sources I have researched and have fact-checked:
Birth and Early Life: Kamala Harris was born on October 20th, 1964, in Oakland, California.
Parents of Kamala Harris: The mother of Kamala Harris is Shyamala Gopalan, who is an Indian breast cancer scientist. Kamala Harris’s father is Donald Harris, a Jamaican who works as an economics professor.
Siblings: Kamala has one younger sister, Maya, a lawyer and public policy advocate.
Education History of Kamala Harris
- Elementary School: Thousand Oaks Elementary School in Berkeley.
- High School: Westmount High School in Quebec, Canada (family moved temporarily)
- College: Howard University (B.A. political science & economics’ 86)
- Law School: University of California, Hastings College of the Law (J.D.’ 89).
Early Career of Kamala Harris
Passed the California Bar Exam on her first try in 1990.
Kamala Harris’s first job after law school was as a Deputy District Attorney in Alameda County (1990-1998).
Moved to San Francisco District Attorney’s Office (1998-2004).
Political Career of Kamala Harris:
- San Francisco District Attorney (2004–2011).
- California Attorney General (2011–2017).
- U.S. Senator from California (2017–2021).
- Vice President of the United States (2021-present).
Notable Accomplishments:
- First South Asian-American and African American woman to serve as California’s Attorney General.
- It has implemented programs like “Back On Track” that significantly reduce recidivism rates compared to traditional probation systems.
- Kamala Harris claims she supposedly negotiated a $25 billion settlement for California homeowners affected by the mortgage crisis.
- Kamala Harris claims she defended California’s climate change law and same-sex marriage rights.
Entry into Politics:
Ran for San Francisco District Attorney in 2003. Kamala Harris won against incumbent Terence Hallinan.
Willie Brown, former San Francisco Mayor & Dianne Feinstein, California Senator, were key supporters of Kamala Harris.
Mentors of Kamala Harris:
- Willie Brown – former San Francisco Mayor.
- Though not a direct mentor, Thurgood Marshall – Supreme Court Justice, greatly influenced her.
Personal Life:
- Married Douglas Emhoff in 2014, the first and only marriage for both.
- Stepmother to his two children from a previous marriage, Ella & Cole.
- No biological children.
Path to Vice Presidency:
- Ran for the 2020 Democratic presidential nomination but dropped out before the primaries.
- Joe Biden selected Kamala Harris as his running mate in August 2020.
- Kamala was elected as part of the Biden-Harris ticket in November 2020.
Unique Qualities:
Diverse background and many “firsts” in political roles
Known for tough questioning in Senate hearings.
Balances progressive policies with a pragmatic approach.
Potential Presidential Candidacy:
As the incumbent Vice President, she is considered a potential candidate for the 2024 or future presidential elections. However, after Biden dropped out of the 2024 presidential race and endorsed Kamala Harris, she was not the Democratic presidential candidate against former President Donald Trump.
Strengths include diverse background, executive and legislative experience, and alignment with Democratic Party priorities.
Challenges may include a mixed reception during her presidential primary run and the need to distinguish herself from the Biden administration’s record.
Please keep in mind that political landscapes can change rapidly, and new developments may arise that could impact her prospects. As of July 24th, 2024, the political landscape for the upcoming presidential election is still evolving, so it would be wise to stay current with news sources, as they will have the most up-to-date information on potential candidates and their campaigns.
https://www.youtube.com/watch?v=Wf6BYmlQR_E
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This reply was modified 8 months, 4 weeks ago by Gunner. Reason: Forgot image
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Derrick Grayson should be confirmed as a high level Trump consultant
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Great article
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This is funny 😁 😂 😀 😄
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Trump is rewriting his RNC speech to call on UNITY among Democrats, Socialists, Independents, and Independents. The assassination attempt on Former President Donald Trump will change Americans on how there should be one party of UNITY. The bottom line is we are all Americans and not a particular party. The new MOVEMENT going forward.
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Jill Biden power hunger is out of control. The days of Jill Biden being known as the humble housewife of Joe Biden are long gone. Many people close to Joe and Jill Biden both personally and professionally said that she demanded to be addressed being called Doctor Jill Biden and NOT Just Jill Biden. Jill Biden is not a real Doctor. Only medical doctors (M.D.) are addressed as doctors. Jill Biden is a PhD in education and most PhDs are not addressed as doctors. If the PhD is an instructor ar a college or university, PhDs can be addressed as Professor or many times are just addressed as Mr. or Mrs. Jill Biden is also a person who holds grudges and don’t forgive. Jill Biden cannot stand Kamala Harris and inside personal sources say Jill Biden hates Kamala Harris guts since 2019. In 2019 Kamala Harris accused Joe Biden as being a racist during the campaign trail. Jill Biden needs Joe Biden to run for reelection so she can retain her power hunger for being the first lady and running the white house behind the scenes. Jill Biden is the only person Joe Biden listens to and Biden will do everything Jill Biden says.
https://www.dailymail.co.uk/news/article-13625323/Jill-Biden-grudge-against-Kamala-Harris-deep.html
dailymail.co.uk
Power hungry Jill Biden's grudge against Kamala Harris is deep
Political insiders have exclusively told DailyMail.com that advisors are struggling to get past the role that Jill's loathing of Kamala is playing in Biden's reluctance to step down.