US home sales fell in September to slowest pace in 3 years

[Guppy]

1. I think we are in trouble

I am selling one of my rental houses. I got list price but we did a total gut of the house and knocked down 2 walls. It sold in 3 days. However 5 other houses in the same neighborhood has been languishing. This is close in for Atlanta and a very good neighborhood. Those houses would have flown off the shelf when we sold our primary residence in April.

the republican party did a no no as far as economics with the tax cut. We primed the pump through deficit spending in the middle of a robust economy. One of the worst things you can do.

If you notice interest rates are going up and we left ourselves with no options in case of a downturn.

My financial adviser is also telling me people who he hasn't heard from for years are thinking of coming into the market. Bad stuff. I think I am going to take a cash position.