Yesterday was one of the big days steps wise. I mowed the lawn, edged the grass, and fertilized it with moss control fertilizer.
I used almost a full costco size fertilizer bag. That should really help get rid of moss and get the grass started, so it is nice looking for the spring selling season.
It was a bit sad walking around the property and doing yard maintenance. The trees I planted more than a decade ago now look huge. Things have really changed since the last time I was there.
When you are away, you don't see it, and you don't really realize how time flies. And when you come back, you see it with your own eyes, and it hits you, hits you hard.
It is good to sell this place and move on. Once it was my dream property, I thought that it would be my place to retire, but now I want it gone.
There are too many negative emotions attached to this place, and it is best to sell and move on.
The stock market keeps selling off, another day another three trillion dollars of value burned in US stocks.
We had stock market pricing in the tariffs for weeks, and stocks were going down. Now, the actual plan for tariffs came out two days ago, and the market saw it as much worse than they thought it would be.
So, the market shaved off another six trillion of value in two days. Is it over? I don't know, but it is a good thing it is a weekend. Maybe timeout will help, and selling will stop.
Or it might continue next week as the market will start pricing in the increased chances of a recession. Some think that we have been in a rolling recession since 2022.
After rates increased, existing home sales have really dropped off. They stand at around four million units. That is the lowest rating since the last big housing crash of 2008. During that crash, we had the same four million in existing home sales that we have now.
We all knew that things were bad for home sales in 2008 / 2009. Things started recovering in 2011 / 2012. One difference is that house prices were really dropping during that time, and since 2022, we didn't really have that. Prices have pretty much stayed the same for the most part.
So things could get worse in the housing market, the prices could start falling. And fall for the next three years or so like they did during the last great Recession of 2008.
It is possible that it will get bad, and the FED starts cutting rates aggressively, and the ten year bond rate will drop, and we get low mortgage rates once again.
Both scenarios are on the table. I hope that this tariffs fiasco doesn't impact the spring market in the Seattle area.
Good thing it is the weekend...
