{"id":76698,"date":"2023-01-14T01:15:27","date_gmt":"2023-01-14T09:15:27","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=76698"},"modified":"2023-05-12T11:33:45","modified_gmt":"2023-05-12T18:33:45","slug":"black-coffee-14-jan-2023","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id76698-black-coffee-14-jan-2023.html","title":{"rendered":"Black Coffee: Walking on Eggs"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

I hope everybody had an enjoyable week. Without further ado, let’s get right to this week’s commentary …<\/p>\n

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No man\u2019s credit is as good as his money.<\/em><\/p>\n<\/blockquote>\n

– EW Howe<\/strong><\/p>\n

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It’s not curiosity that killed the goose that laid the golden egg, but insatiable greed that devoured common sense.<\/em><\/p>\n<\/blockquote>\n

– EA Bucchianeri<\/strong><\/p>\n

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In the long run we shall have to pay our debts at a time that may be very inconvenient for our survival.<\/em><\/p>\n<\/blockquote>\n

– Norbert Wiener<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Credit: <\/strong><\/span>Did you see this? The number of signs pointing to a cooling housing market continue grow. As the latest data reveals that last month 42% of sellers offered at least one concession<\/a> to buyers, typically in the form of cash credit for things like repairs, mortgage rate buy downs, or closing costs. This is the highest rate since the start of the housing market frenzy that began in July 2020. In fact, last year only 31% of sellers were willing to offer any concessions.<\/p>\n

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Debit: <\/strong><\/span>By the way, housing analyst Angela Cherry says the boost in seller concessions helps explain why the advertised list prices haven’t fallen faster<\/a>. Then again, if the market continues to wane, sellers will find themselves on the slippery slope that will come when they’re finally forced to start making the most enticing concession of all: lowering their asking price. The only question is: Will that slope be as steep as this<\/strong><\/em>…<\/p>\n