Quote: @StickyBun said:
@ JimmyinSD said:
@ Skodin said:
When is the collapse coming and why?
I dont have a crystal ball, but it doesnt take an advanced degree in finance to see that there is going to have to be a large correction coming, inflation is taking off, the govt is printing money like it doesnt have consequences, and lending institutions are handing it out unchecked to finance land/homes and other goods at values significantly higher than the market should/would bear in a normal economic climate. I dont know when but I think the next one will make 07 feel like a punch in the arm from your little sister, and I dont think its going to be very far off, the timing I suppose will really depend on when something changes to trigger the collapse.
What happens when somebody realizes all these homes getting built right now with materials that are 200-300% higher than they should be, couple that with the inflation hitting other essentials and people building and buying these over priced homes wont be able to make the payments, and we have a shit ton of homes on the market because banks are suddenly forced to start foreclosing again, those over priced homes will crash in value and people wont be able to sell them. I dont see a real rosy outlook for the next 10 years.
I don't see a lot of what you are saying happening....at all. They've been forecasting for the last 15 years for inflation to go up. It will, it has too....but they'll keep it a low raise. And we are not in a housing bubble: inventory has never been lower in the real estate market. And people are paying cash for a lot of homes that appraise at higher values, this is how its happening. And people are sitting on cash and when inflations starts to go up, that cash will be worth less so the investing will start, which will include the real estate markets. Banks still have the same rigid restrictions for home loans they've had the last 10+ years. As we pull out of COVID, I expect the economy to get VERY rosy.
talking to a few real estate agents in several areas and they are saying the lack of foreclosures in the last year under the covid rules have kept the housing market inventory artificially low. one agent expects there to be as much as 20 to 30% over inventory by the fall if they go ahead and start foreclosures again in August as was predicted.
Quote: @JimmyinSD said:
@ StickyBun said:
@ JimmyinSD said:
@ Skodin said:
When is the collapse coming and why?
I dont have a crystal ball, but it doesnt take an advanced degree in finance to see that there is going to have to be a large correction coming, inflation is taking off, the govt is printing money like it doesnt have consequences, and lending institutions are handing it out unchecked to finance land/homes and other goods at values significantly higher than the market should/would bear in a normal economic climate. I dont know when but I think the next one will make 07 feel like a punch in the arm from your little sister, and I dont think its going to be very far off, the timing I suppose will really depend on when something changes to trigger the collapse.
What happens when somebody realizes all these homes getting built right now with materials that are 200-300% higher than they should be, couple that with the inflation hitting other essentials and people building and buying these over priced homes wont be able to make the payments, and we have a shit ton of homes on the market because banks are suddenly forced to start foreclosing again, those over priced homes will crash in value and people wont be able to sell them. I dont see a real rosy outlook for the next 10 years.
I don't see a lot of what you are saying happening....at all. They've been forecasting for the last 15 years for inflation to go up. It will, it has too....but they'll keep it a low raise. And we are not in a housing bubble: inventory has never been lower in the real estate market. And people are paying cash for a lot of homes that appraise at higher values, this is how its happening. And people are sitting on cash and when inflations starts to go up, that cash will be worth less so the investing will start, which will include the real estate markets. Banks still have the same rigid restrictions for home loans they've had the last 10+ years. As we pull out of COVID, I expect the economy to get VERY rosy.
talking to a few real estate agents in several areas and they are saying the lack of foreclosures in the last year under the covid rules have kept the housing market inventory artificially low. one agent expects there to be as much as 20 to 30% over inventory by the fall if they go ahead and start foreclosures again in August as was predicted.
Foreclosures generally aren't a massive part of the market, but they've looked that way because of the banking/mortgage crises in 2009. At its peak in 2010, it still was only 2.23%:
Those 214,323 properties with foreclosure filings in 2020 represented 0.16 percent of all U.S. housing units, down from 0.36 percent in 2019 and down from a peak of 2.23 percent in 2010.
But yeah, foreclosures are going to go back up, they are rising now. And it'll be the last dying cough of COVID related shit.
and now bezos is suing nasa for givng the commercial space lander contract to Musk... really jeff? you are surprised that the contract didtn go to the space penis that only has 1 successful manned flight and years of well documented failures and is being led by a guy that revolutionized b daltons, vs the guy that has been instrumental in guiding next generation technologies focused on transportation for the last decade plus?
https://theweek.com/jeff-bezos/1003789/j...-to-spacex
Quote: @greediron said:
@ AGRforever said:
@ JimmyinSD said:
@ StickyBun said:
Pffft, you call that a bailout?
https://www.forbes.com/sites/mikecollins...fa7bd32d83
I said back in 07 that bailing out wall street and the banks was a disastrous approach to fixing the financial woes.. we should have let them crumble, we all would have taken the hits on our investments, but the system would have recovered and the black magic financial practitioners that created the collapse would be out on their asses. all that bail out did was kick that proverbial can down the road and will make the next collapse even more catastrophic.
We are set up now for one of the worst collapses on record IMO... and this time we wont even have paper to print more funny money on to try and buy wall street out of it. fucking crooks.
What makes you think we wont have enough paper to print our way out of anything? Trump and pals and now Biden and friends printed the ever loving shit out of currency to pad the pockets of the bankers during the pandemic.
I mean really, whats a few trillion between friends?
paper is going to be worth more than the money they want to print.
Not sure why the whataboutism. Seems not bailing out Bezos should be universally acceptable.
Yeah fuck Bezos getting a bailout!
Quote: @JimmyinSD said:
@ StickyBun said:
@ JimmyinSD said:
@ Skodin said:
When is the collapse coming and why?
I dont have a crystal ball, but it doesnt take an advanced degree in finance to see that there is going to have to be a large correction coming, inflation is taking off, the govt is printing money like it doesnt have consequences, and lending institutions are handing it out unchecked to finance land/homes and other goods at values significantly higher than the market should/would bear in a normal economic climate. I dont know when but I think the next one will make 07 feel like a punch in the arm from your little sister, and I dont think its going to be very far off, the timing I suppose will really depend on when something changes to trigger the collapse.
What happens when somebody realizes all these homes getting built right now with materials that are 200-300% higher than they should be, couple that with the inflation hitting other essentials and people building and buying these over priced homes wont be able to make the payments, and we have a shit ton of homes on the market because banks are suddenly forced to start foreclosing again, those over priced homes will crash in value and people wont be able to sell them. I dont see a real rosy outlook for the next 10 years.
I don't see a lot of what you are saying happening....at all. They've been forecasting for the last 15 years for inflation to go up. It will, it has too....but they'll keep it a low raise. And we are not in a housing bubble: inventory has never been lower in the real estate market. And people are paying cash for a lot of homes that appraise at higher values, this is how its happening. And people are sitting on cash and when inflations starts to go up, that cash will be worth less so the investing will start, which will include the real estate markets. Banks still have the same rigid restrictions for home loans they've had the last 10+ years. As we pull out of COVID, I expect the economy to get VERY rosy.
talking to a few real estate agents in several areas and they are saying the lack of foreclosures in the last year under the covid rules have kept the housing market inventory artificially low. one agent expects there to be as much as 20 to 30% over inventory by the fall if they go ahead and start foreclosures again in August as was predicted.
This coupled with the fact that we have been approaching a bubble burst again for the last 5 years. If I could sell and rent for a year or two I might make that gamble because cashing out now and being ready to pounce when the prices drop would be too easy. I think it starts to happen Q1 2022.
Quote: @Mike Olson said:
@ JimmyinSD said:
@ StickyBun said:
@ JimmyinSD said:
@ Skodin said:
When is the collapse coming and why?
I dont have a crystal ball, but it doesnt take an advanced degree in finance to see that there is going to have to be a large correction coming, inflation is taking off, the govt is printing money like it doesnt have consequences, and lending institutions are handing it out unchecked to finance land/homes and other goods at values significantly higher than the market should/would bear in a normal economic climate. I dont know when but I think the next one will make 07 feel like a punch in the arm from your little sister, and I dont think its going to be very far off, the timing I suppose will really depend on when something changes to trigger the collapse.
What happens when somebody realizes all these homes getting built right now with materials that are 200-300% higher than they should be, couple that with the inflation hitting other essentials and people building and buying these over priced homes wont be able to make the payments, and we have a shit ton of homes on the market because banks are suddenly forced to start foreclosing again, those over priced homes will crash in value and people wont be able to sell them. I dont see a real rosy outlook for the next 10 years.
I don't see a lot of what you are saying happening....at all. They've been forecasting for the last 15 years for inflation to go up. It will, it has too....but they'll keep it a low raise. And we are not in a housing bubble: inventory has never been lower in the real estate market. And people are paying cash for a lot of homes that appraise at higher values, this is how its happening. And people are sitting on cash and when inflations starts to go up, that cash will be worth less so the investing will start, which will include the real estate markets. Banks still have the same rigid restrictions for home loans they've had the last 10+ years. As we pull out of COVID, I expect the economy to get VERY rosy.
talking to a few real estate agents in several areas and they are saying the lack of foreclosures in the last year under the covid rules have kept the housing market inventory artificially low. one agent expects there to be as much as 20 to 30% over inventory by the fall if they go ahead and start foreclosures again in August as was predicted.
This coupled with the fact that we have been approaching a bubble burst again for the last 5 years. If I could sell and rent for a year or two I might make that gamble because cashing out now and being ready to pounce when the prices drop would be too easy. I think it starts to happen Q1 2022.
Sadly I have the same feelings, lots of people going to be hurting when the corrections take place. They should have started pushing up interest rates in 2018 IMO. Not big jumps, but just enough to stem inflation a bit and ward off a lot of cheap speculation in the markets. Plenty here think otherwise and since none of have any control over things about all we can do is sit on our park benches waiting and watching.
Quote: @JimmyinSD said:
@ Mike Olson said:
@ JimmyinSD said:
@ StickyBun said:
@ JimmyinSD said:
@ Skodin said:
When is the collapse coming and why?
I dont have a crystal ball, but it doesnt take an advanced degree in finance to see that there is going to have to be a large correction coming, inflation is taking off, the govt is printing money like it doesnt have consequences, and lending institutions are handing it out unchecked to finance land/homes and other goods at values significantly higher than the market should/would bear in a normal economic climate. I dont know when but I think the next one will make 07 feel like a punch in the arm from your little sister, and I dont think its going to be very far off, the timing I suppose will really depend on when something changes to trigger the collapse.
What happens when somebody realizes all these homes getting built right now with materials that are 200-300% higher than they should be, couple that with the inflation hitting other essentials and people building and buying these over priced homes wont be able to make the payments, and we have a shit ton of homes on the market because banks are suddenly forced to start foreclosing again, those over priced homes will crash in value and people wont be able to sell them. I dont see a real rosy outlook for the next 10 years.
I don't see a lot of what you are saying happening....at all. They've been forecasting for the last 15 years for inflation to go up. It will, it has too....but they'll keep it a low raise. And we are not in a housing bubble: inventory has never been lower in the real estate market. And people are paying cash for a lot of homes that appraise at higher values, this is how its happening. And people are sitting on cash and when inflations starts to go up, that cash will be worth less so the investing will start, which will include the real estate markets. Banks still have the same rigid restrictions for home loans they've had the last 10+ years. As we pull out of COVID, I expect the economy to get VERY rosy.
talking to a few real estate agents in several areas and they are saying the lack of foreclosures in the last year under the covid rules have kept the housing market inventory artificially low. one agent expects there to be as much as 20 to 30% over inventory by the fall if they go ahead and start foreclosures again in August as was predicted.
This coupled with the fact that we have been approaching a bubble burst again for the last 5 years. If I could sell and rent for a year or two I might make that gamble because cashing out now and being ready to pounce when the prices drop would be too easy. I think it starts to happen Q1 2022.
Sadly I have the same feelings, lots of people going to be hurting when the corrections take place. They should have started pushing up interest rates in 2018 IMO. Not big jumps, but just enough to stem inflation a bit and ward off a lot of cheap speculation in the markets. Plenty here think otherwise and since none of have any control over things about all we can do is sit on our park benches waiting and watching.
To be fair…..
They were raising rates in early 18 and they were cooling the economy through quantitative tightening. At one point they were removing $50B a month.
Quote: @AGRforever said:
@ JimmyinSD said:
@ Mike Olson said:
@ JimmyinSD said:
@ StickyBun said:
@ JimmyinSD said:
@ Skodin said:
When is the collapse coming and why?
I dont have a crystal ball, but it doesnt take an advanced degree in finance to see that there is going to have to be a large correction coming, inflation is taking off, the govt is printing money like it doesnt have consequences, and lending institutions are handing it out unchecked to finance land/homes and other goods at values significantly higher than the market should/would bear in a normal economic climate. I dont know when but I think the next one will make 07 feel like a punch in the arm from your little sister, and I dont think its going to be very far off, the timing I suppose will really depend on when something changes to trigger the collapse.
What happens when somebody realizes all these homes getting built right now with materials that are 200-300% higher than they should be, couple that with the inflation hitting other essentials and people building and buying these over priced homes wont be able to make the payments, and we have a shit ton of homes on the market because banks are suddenly forced to start foreclosing again, those over priced homes will crash in value and people wont be able to sell them. I dont see a real rosy outlook for the next 10 years.
I don't see a lot of what you are saying happening....at all. They've been forecasting for the last 15 years for inflation to go up. It will, it has too....but they'll keep it a low raise. And we are not in a housing bubble: inventory has never been lower in the real estate market. And people are paying cash for a lot of homes that appraise at higher values, this is how its happening. And people are sitting on cash and when inflations starts to go up, that cash will be worth less so the investing will start, which will include the real estate markets. Banks still have the same rigid restrictions for home loans they've had the last 10+ years. As we pull out of COVID, I expect the economy to get VERY rosy.
talking to a few real estate agents in several areas and they are saying the lack of foreclosures in the last year under the covid rules have kept the housing market inventory artificially low. one agent expects there to be as much as 20 to 30% over inventory by the fall if they go ahead and start foreclosures again in August as was predicted.
This coupled with the fact that we have been approaching a bubble burst again for the last 5 years. If I could sell and rent for a year or two I might make that gamble because cashing out now and being ready to pounce when the prices drop would be too easy. I think it starts to happen Q1 2022.
Sadly I have the same feelings, lots of people going to be hurting when the corrections take place. They should have started pushing up interest rates in 2018 IMO. Not big jumps, but just enough to stem inflation a bit and ward off a lot of cheap speculation in the markets. Plenty here think otherwise and since none of have any control over things about all we can do is sit on our park benches waiting and watching.
To be fair…..
They were raising rates in early 18 and they were cooling the economy through quantitative tightening. At one point they were removing $50B a month.
Ha, I didn't recall that. I guess we didn't feel it here in the upper plains so I didn't notice it and don't remember hearing about it in the news. Maybe all I could hear was Trump peacocking his economy. :p
|
