Table of Content
- How Strung-Out Are Households with their Debt Service & Financial Obligations as the Miracle of Free-Money Fades?
- Back Home In Lahaina History
- Fed Tightening Reduces Horrendous Wealth Disparity that QE and Interest Rate Repression Have Wrought: Fed Data
- Combinations
- AUTHENTIC HAWAIIAN FLAVORS STRAIGHT FROM THE ISLANDS
- Chicken marinated in Chinese-style red bbq sauce.
- Marinated Grilled Beef.
If the rate steadies around 5.5% in 2023, and peak prices are based on about a 3% rate, then home prices could drop 25%. Prices really should not only fall to where they were in 2018, but probably much lower, given the much higher interest rates. 50% top to bottom is likely and at the bottom there will be carnage, with tons of foreclosures and short sales, probably in the middle of a really bad recession. Sales of single-family housesplunged by 7.6% in November from October, and by 35% year-over-year, to a seasonally adjusted annual rate of 3.65 million houses.
Price may variesseasoned shredded pork cured in hawaiian salt. Served with macaroni and ramen salad. Price may varies romaine and iceberg lettuce, teriyaki sauce, topped with wonton skins, green onions, and our special chinese chicken dressing. Most grocery items priced around a dollar are now $1.75 to 2 dollars. I don’t see interest rates getting high enough to break the stranglehold the Chinese have on the condo market.
How Strung-Out Are Households with their Debt Service & Financial Obligations as the Miracle of Free-Money Fades?
Ramen cabbage salad - pieces of ramen noodles mixed in a cabbage slaw. Hawaiian barbecue pork - this entree came with a ginormous pile of meat. I enjoyed the marinade and flavoring of the pork. Thank goodness for the huge portion because the three of us mostly ate this as our main entree since the other entree (#7) wasn't very good. "This is my favorite Hawaiian restaurant in Southern California outside of Hawaii. Everything keeps tasting better and better each time I come."
And macaroni salad, I opted for the ramen salad. Everything was delicious but I was only able to eat half; these are huge portions. I really liked that the meat tasted like it had been cooked fresh and not sitting around like some Hawaiian places. I'm sure I'll enjoy the rest of it for lunch another day. I got home and opened my big styrofoam take out box to find the most glorious combination of comfort food.
Back Home In Lahaina History
At the time there was really no risk in buying investment properties. All major assets don’t move in the same manner as RE. Companies can go negative on earnings, their prices drop, they go broke or recover, but historically stock averages have risen. The composition of companies in those averages change, too. So, lumping all assets into the same heap isn’t wise. As the old saying goes, those that sell first sell best.
They purchased 14% of all homes sold, or about 45,640 homes , down by nearly 30,000 homes from November 2021 when they bought 75,450 homes (for a 15% share). The service is always friendly and the bathroom is pretty clean. Parking is a breeze in the large parking lot out back. I brought four of my friends here a few years back, who were visiting from Indonesia. Pork is a rare find and they specifically requested that I take them to places that serve lots of PORK! As a ref, the three of them are Catholics and one is Muslim.
Fed Tightening Reduces Horrendous Wealth Disparity that QE and Interest Rate Repression Have Wrought: Fed Data
Also, if a house is vacant, it’s much easier to get a good deal. I might add, when the FED targets 2% YOY inflation (which we know is more likely 3% because they are always changing how CPI is calculated), real assets will go up over time via troughs and peaks. Over the long term, real estate will go up.
You will notice that their friends are there to support them and have a good time. Macaroni salad - not much flavor...just really creamy. Parking is always easy in the private shared lot in the back. Service on the whole averaged across years has been good. Hit or miss on refill time depending on which server you get, how crowded they are, whether or not there is a 8+ party in the giant table in the back, etc. But overall, I'm gonna give service 4 stars.
Combinations
Unfortunately decades of interest rate repression put up on this crazy RE bubble path. Now we get to explore the other side of real estate – the leverage part, where price declines wipe out the financial assets of owners. Second, the Fed does not want assets to cool to early 2020. They aren’t targeting asset prices at all, anymore. Asset prices are just collateral damage.
Going to dine at Back Home in Lahaina? Check out the full menu for Back Home in Lahaina. When available, we provide pictures, dish ratings, and descriptions of each menu item and its price. Use this menu information as a guideline, but please be aware that over time, prices and menu items may change without being reported to our site.
But there’s still good reason to low ball if you’re out shopping. Writing up a purchase offer is a massive pain in the rear. If you’re working with an RE agent, you can ask them to tell the seller that you’ll come in with an offer at “X”, but don’t want to bother submitting the paperwork if they won’t consider it. It’s worked for me a few times in the past. Once I got a slightly higher verbal counteroffer and accepted it.
Also, for those who are expecting an extra crispy breaded skin, it's not there, but that's because the focus is on the juicy marinaded meat on the inside. It's not for everyone, but I do enjoy eating it. This place is somewhat expensive, but definitely doable for the portion-size and quality.
My reasoning has always been Powell is looking for a 20 percent drop in prices from the peak. If its like last time just don’t pay the mortgage and the bank won’t foreclose for 5 years. They don’t want to admit the loss on paper. There’s a “right price” in any market.
It’s hard to tell how long such a wide disparity can last. The standoff between buyers and sellers that Wolf speaks of, especially in still-hot markets, is indeed alive and well. Sorry, but housing is based on supply and demand. The demand curve is substantially lower than where it was in the past. The supply curve is also pretty weak, but that will pick up speed as prices drop further. It is one of my favorite hawaiian restaurants in Los Angeles.
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