Jon Brooks
13.4K posts

Jon Brooks
@jonbrooks
Most housing headlines are wrong. I break down what’s actually happening in real time. $3.5B+ sold | 8,500+ units since 2020 60k+ subs on Substack Newsletter
Jacksonville, FL Katılım Ağustos 2015
269 Takip Edilen12.2K Takipçiler
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Based on the comments I'm receiving on this post...the prime borrower has entered the chat
Remember - FHA delinquency (subprime) peaked in 2008; overall delinquency that ravaged the prime portfolio did not peak until 2010
Melody Wright@m3_melody
“Homeowners were comfortable with their monthly costs when they bought their homes, but ‘all of a sudden, a year later or three years later, that mortgage payment jumps beyond that percentage that they had accounted for, when you add in insurance and taxes’” Here comes trouble
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@zerohedge @PeterSchiff No surprise here it’s the K shaped economy
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All-Time High 55% Of Americans Say That Their Financial Situations Are Getting Worse zerohedge.com/personal-finan…
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@thehollylin1 Sellers are out of their minds right now in many areas. They still think it’s 2021.
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@NewsLambert Why do you think Florida is seeing active inventory decline?
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$3,000 rent is NOT $36,000/year.
That’s what the listing says.
That’s not what you pay.
Add it up:
• Deposit
• Application + admin fees
• Utility setup fees
• Parking
• Pest control
• Trash + valet trash
• Package room fees
That’s easily +$200/month.
Now your “$3,000 rent” is $3,200+.
That’s $38K–$40K/year.
And here’s the part no one talks about:
“You can just move somewhere cheaper.”
No you can’t.
Moving costs thousands.
Exit fees. New deposits. New fees.
Time. Friction. Disruption.
Renters aren’t just paying high rent…
They’re trapped in a fee machine.
And we wonder why affordability feels broken.
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@realCarola2Hope do you know how bad it has to be for mammals to stop procreating?
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Sperm counts down 51.6%.
Testosterone down 60%.
Birth rates in total collapse.
By 2030, nearly half of women aged 25–44 will have zero children and stay single.
This is civilizational suicide happening right in front of us.
We are sterilizing ourselves into extinction.
It boggles my mind that there’s no major campaign in the West to reverse this, and importing people from other continents is not the answer.
Wake up and fix it NOW, before it’s too late.
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So basically, if rates aren’t coming down, the real estate market’s looking at a prolonged slump.
unusual_whales@unusual_whales
Ray Dalio on interest rates: "Certainly you wouldn’t cut interest rates now.”
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@DiMartinoBooth it's just a matter of time, the setup is there.
imagine what would happen if mortgage rates went up 1% from here.
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This is literally insane
This bag of chips is from the new Frito-Lay ‘Simply’ Variety 30 Pack at Sam’s Club
This is the amount of chips they put in the bags
This isn’t shrinkflarion anymore, it’s fraud
We are being robbed blind. This box is $16 and look how many chips you get
Americans have to keep speaking out against this
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@HartSlager @packmulejohn728 yep, the market is completely different in different areas.
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@packmulejohn728 @jonbrooks Florida & Texas, with a smattering in Arizona.
Here in Illinois, prices continue to skyrocket. Bidding wars on every property, and new construction everywhere. Whole subdivisions sold before they're finished.
Can't keep a house on the market. Every listing is "Price Increase."
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no one is talking about this, but it's happening. In fact, the opposite is happening, there's economists and analysts out there still tricking buyers into thinking we have a housing shortage and to buy their overpriced slop at the end of the market cycle. they're completely bought and paid for. s
someone has to share what's actually going on. starting sharing whats really happening. consumers deserve to know the real data.
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@jonbrooks Jon - What’s the upside of constantly posting this stuff? I’m not disagreeing with you, but it’s a lot of doom posting. Are you just trying to bring awareness?
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@sweatystartup so many self storage places have been built, it is out of control in florida, they're on every corner.
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@WallStreetApes that is actually crazy. im fairly certain this is not what EBT was intended to be used for.
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We need Donald Trump to close this insane loophole
American shows how she can go through the Jack in the Box drive thru, order anything ahead wants, and it’s free. Paid for by taxpayers with EBT
Paying $16 for a fast food combo should never be allowed on food stamps. It’s insanely over priced, horrible nutritional content and it’s abuse of the system
There are many states that allow hot item fast food purchases with EBT
- Arizona
- California
- Illinois
- Maryland
- Massachusetts
- Michigan
- New York
- Rhode Island
-Virginia
California has the largest and most established program, with thousands of participating restaurants. This includes basically all fast food chains like Jack in the Box, McDonald’s, Subway and more
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@DarrigoMelanie depends on what he does with it.
it also depends on what he did to earn it.
wealth accumulation is often a reflection of value creation.
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This level of wealth hoarding is a mental illness.
Kalshi@Kalshi
JUST IN: Elon Musk says his goal is to reach a $10 trillion net worth
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a lot of this depends on where you live and what you observed. if you live in the sunbelt and see luxury multifamily being built, 5 for sale signs up on certain streets and all around town, and more and more being built, while migration is falling, you tend to take that as a strong signal of what's happening.
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