3,141,469
Would appreciate the source of your comment, William before I make a decision on that. Thank you!
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Inna Ivchenko
Encino, CA
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Kris Collis, Associate...
East Stroudsburg, PA
-
Candice A. Donofrio
Fort Mohave, AZ
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
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Bob "RealMan" Timm
Minot, ND
-
Karen Climer
Orlando, FL
1,325,924
Money goes into lots of pockets due to housing sales:
Agent commissions
Staging fees
Professional photo fee
House prep: various contractors and building material suppliers
Lender fees
Mortgage interest
New furniture
New appliances
New flooring, etc.
The list goes on...
Not sure if $50K is a good number but housing does a lot more for the economy than just put a roof over owner's heads.
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Emily Medvec
Santa Fe, NM
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Carla Freund
Raleigh, NC
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Inna Ivchenko
Encino, CA
-
William Piotrowski
Naperville, IL
-
Bob "RealMan" Timm
Minot, ND
-
Jeff Dowler, CRS
Carlsbad, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,785,456
There is enough for everyone providing we don't interfere (greed) with it. America has a living economy meaning it has to keep going no matter what. If it stops, it takes prisoners. Not good
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Richie Alan Naggar
Riverside, CA
-
William Piotrowski
Naperville, IL
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
3,350,589
Says who?
Likely fake news. Misinformation. Disinformation.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
1,847,731
Yes, terribly old information.
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Candice A. Donofrio
Fort Mohave, AZ
-
John Juarez
Fremont, CA
-
Pete Xavier
Pacific Palisades, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
1,057,554
I would like to see the ACTUAL STORY you are quoting, which so far you have not shown. Googling this multiple ways gives me NOTHING. Copying/pasting 'yuh-huh, CNBC' is hardly proof. LMFAOOOOO
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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John Juarez
Fremont, CA
-
Lyn Sims
Schaumburg, IL
-
Wanda Kubat-Nerdin - W...
St. George, UT
5,063,230
I agree with Wanda Kubat-Nerdin - Wanda Can! Please share.
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John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
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Bob "RealMan" Timm
Minot, ND
853,762
I'm not going to worry about the source of that number... I think it's pretty darn safe to say that ANY SOLD home puts $$$ into the economy... I do think that the amounts for insurance and taxes shouldn't count though since it's not "added money". I'd be curious about the amount of NEW money put into the economy w/ each purchase... Let's start w/ a gallon of paint, followed by countless trips back to the home improvement store for more.
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Emily Medvec
Santa Fe, NM
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Bob "RealMan" Timm
Minot, ND
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Candice A. Donofrio
Fort Mohave, AZ
468,263
I am not sure what source would be considered reliable for many of the people on this platform. I expect NAR wouldn't be, but here is their figure from 2019. Every home sale adds more than $88,000 to the economy
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
902,428
I'd like to see those calculations.
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John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
450,182
How is that calculated? Can't be true of all homes. Is that an average?
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John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
637,484
Like "printing new money"? That sounds low.
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John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
766,669
It doesn't make any sense to me.
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John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,402,637
I did not know this William (sorry I couldn't tag you) but I can easily see how it is possible and plausible.
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John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
5,245,401
The devil is in the details. More facts needed!
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Bob "RealMan" Timm
Minot, ND
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Candice A. Donofrio
Fort Mohave, AZ
1,625,253
Yes, as John mentioned a lot of people(agents, title and escrow reps, inspectors, stagers, handymen,etc etc) , a state, city, etc. and IRS funds benefit from a sale of the house.
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Emily Medvec
Santa Fe, NM
907,072
Yes, I've heard something like this and can believe it. Think of all the staging, prep, listing, marketing, closing, and post home expenses. Then you add the buyer side to that. It is easy to see how one house puts a lot of money into the economy. That's why the government often works to get home sales going when the economy is sluggish.
And by the way, NAR says it is $88,000.
4,967,093
Well I think you would be right with a inspection done, insurance purchase, paint and etc.
6,424,817