Peak Housing Prices.

Discussion in 'Stocks' started by vanzandt, Aug 29, 2024.




  1. You haven't seen the ad for taking a shower in the sky on your Emirates flight?

    In terms of space allocation, these shower suites aren’t quite as excessive as they may seem at first glance. Due to the curvature of the A380, there couldn’t be seats there, so instead Emirates decided to use this space creatively. Just as a point of comparison,Qantas’ A380shavea small business class lounge in this space.

    These aren’t just dinky showers, but actually shower suites that are probably larger than the average bathroom in a NYC apartment. It’s just unbelievable.

    Reserving the Emirates A380 shower suite
    Emirates first class passengers can shower once per flight. You can typically spend 30 minutes in the shower room (though in theory I suppose you could spend longer if it’s not otherwise booked), though you only get five minutes of running water.

    Typically either before takeoff or immediately after, a flight attendant or the shower attendant will stop by your seat to see if you’d like to reserve a shower.

    Indeed, Emirates has a full-time shower attendant onboard, who isn’t a flight attendant. In terms of uniforms, you can tell the shower attendant apart from the rest of the crew because they wear pants,(bada dum) while the rest of the female crew wear skirts. They also wear red vests during the flight.

    Is it necessary to reserve the shower suite in advance? It depends on a few factors:

    • How full the first class cabin is — availability will be different if there are just two passengers vs. 14 passengers
    • How long the flight is — shower availability will be different on a Los Angeles to Dubai flight than a Dubai to Jeddah flight
    • When you want to shower — the most popular time to shower is within two hours of landing, so that you can freshen up before arrival
    As a general rule of thumb, you’ll want to make an appointment as soon as possible if you’re on a short flight or if you want to shower close to landing. You can always reserve a spot for closer to landing, and then if you later decide you want to shower earlier, it’ll probably be available.
     
    #21     Sep 5, 2024
    Picaso and TrailerParkTed like this.
  2. vanzandt

    vanzandt

    Here's a thought for ya. I think the run in the cyclical's might be over for now. A lot of the financial press is pumping these things as "when rates go down... blah blah blah." That may be true, but I think their recent run has priced that in and then some. You have a stock like TT that is up 40% ytd and nipping at it's 50 day from above. The rate cuts are priced in. Any economic slowdown will tank these things back to their 200 day. Where they belong.
     
    #22     Sep 11, 2024
    Picaso and Zwaen like this.
  3. poopy

    poopy

    Prices are still sticky (mostly housing) but growth is off a cliff. I converted the XHB synthetic at 111. I’ll get back in when I am better situated. I’d like to re-enter 114 but I don’t think it will get there.
     
    #23     Sep 11, 2024
    Zwaen likes this.
  4. nitrene

    nitrene

    I was watching CNBC yesterday & Ivy Zelman basically said there is no solution to the supply problem since land prices keep going higher & the builders are required to pay a mitigation fee for building out infrastructure. The fee is upwards of 10-15%. I'm pretty sure this is the reason that OER in the CPI wont go down.
     
    #24     Sep 11, 2024
  5. Yup, it was OER today
     
    #25     Sep 11, 2024
  6. Nope. I don't even hang with the HNW crowd, believe it or not!
     
    #26     Sep 12, 2024
    TrailerParkTed likes this.
  7. #27     Sep 25, 2024


  8. I fully admit money brings no happiness at all. I have been able to my whole life work from home buying stocks I am lucky that I have the skills innate that they are & refined over many many years. The highs are still high and the lows are still low but in the end I don't hang with the HNW crowd either. I am a man of the people.

    It did feel good though to walk into my wine store and instead of creating a case of $30 bottles I went hog wild with 12 $65-$100 bottles... Someone hit the gravy train...
     
    #28     Sep 25, 2024
  9. vanzandt

    vanzandt

    That was for July you dope.I wrote this post on 8/29. A month before this data (below) came out.
    Once again, your timing, and street smarts... suck.
    "Who would of thunk?"
    :rolleyes:


    ___________________________________________________

    The housing market is seeing its biggest logjam since before the pandemic
    Jennifer Sor

    [​IMG]
    Deliormanli/Getty, Olivier Verriest/Getty, Andrei Akushevich/Getty, Tyler Le/BI
    • The housing market is seeing its biggest slowdown during the month of August in more than five years.
    • 48% of homes on the market took 60 days or longer to be sold, per Redfin data.
    • It's a 43% increase from the year before, a sign demand for homes is still cooling.
    The housing market is in its biggest slowdown since the pandemic, according to Redfin.

    In a report published Wednesday, the real-estate listings firm said 48% of US home listings had been on the market longer than 60 days as of the end of August, the biggest share for any August since 2019.
    ________________________________________________

    https://www.redfin.com/news/sales-speed-stale-listings-august-2024/
    ~case closed
     
    #29     Sep 26, 2024
  10. industry data sources suggest that home-buying activity could pick up very soon. Touring activity, a proxy for home-buying interest, is up 8% from the start of the year, real-estate brokerage Redfin noted in a blog post.

    “Rate cuts have sparked more showings; we’re seeing all of our listings in the area get more traffic,” Andrew Vallejo, an Austin, Texas-based Redfin Premier agent, told the company. “It’s a nice glimmer of hope after a slow year in Austin.”

    What Freddie Mac said:“Given the downward trajectory of rates, refinance activity continues to pick up, creating opportunities for many homeowners to trim their monthly mortgage payment,” said Sam Khater, chief economist at Freddie Mac.

    “Meanwhile, many looking to purchase a home are playing the waiting game to see if rates decrease further as additional economic data is released over the next several weeks,” he said.
     
    #30     Sep 28, 2024