05-17-2022, 11:18 AM
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#91
- PaulJerome
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- PaulJerome
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The same irrational exuberance existed in the last housing crash which began April 2007; people were saying 'buy now or be priced out forever!'
There were two primary reasons why housing crashed the last time: 1) borrowers were not properly qualified and lacking capacity, defaulted in droves; but the second reason is more telling: 2) negative equity
The government's response to the housing market crisis was to lower rates and flood the economy with printed money. This is akin to giving an alcoholic more alcohol to stave off the hangover. The 'too big to fail' banks just became bigger. The correct response would have been to let it crash and then after a few years we would have been in an organic recovery.
Rising interest rates will be the reason for the current housing crash. But bear in mind the people who are buying homes with maximum leverage will see a significant drop in home prices and will begin strategically defaulting. When the foreclosures start to increase, rents will fall because people will be able to rent homes in various stages of foreclosure on the cheap. It will be a snowball effect sending housing into a tailspin.
I hope I'm wrong, but I'm a realist. The entire economy is a controlled demolition. When the world moves off of the dollar as the reserve currency (which is already happening) then we will no longer be able to export our inflation. Hyperinflation combined with food shortages will usher in the Great Reset.
There were two primary reasons why housing crashed the last time: 1) borrowers were not properly qualified and lacking capacity, defaulted in droves; but the second reason is more telling: 2) negative equity
The government's response to the housing market crisis was to lower rates and flood the economy with printed money. This is akin to giving an alcoholic more alcohol to stave off the hangover. The 'too big to fail' banks just became bigger. The correct response would have been to let it crash and then after a few years we would have been in an organic recovery.
Rising interest rates will be the reason for the current housing crash. But bear in mind the people who are buying homes with maximum leverage will see a significant drop in home prices and will begin strategically defaulting. When the foreclosures start to increase, rents will fall because people will be able to rent homes in various stages of foreclosure on the cheap. It will be a snowball effect sending housing into a tailspin.
I hope I'm wrong, but I'm a realist. The entire economy is a controlled demolition. When the world moves off of the dollar as the reserve currency (which is already happening) then we will no longer be able to export our inflation. Hyperinflation combined with food shortages will usher in the Great Reset.
6'5" 210 lbs, 10.9% body fat
Disagree with me, fine; but before calling me a fraudster click: https://forum.obnoxiousbrutes.com/showthread.php?t=185252663
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05-17-2022, 11:40 AM
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#92
- W1LLW
- Enlightened Miscer
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- W1LLW
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Originally Posted By PaulJerome⏩
Stronk username title to post content correlation.The same irrational exuberance existed in the last housing crash which began April 2007; people were saying 'buy now or be priced out forever!'
There were two primary reasons why housing crashed the last time: 1) borrowers were not properly qualified and lacking capacity, defaulted in droves; but the second reason is more telling: 2) negative equity
The government's response to the housing market crisis was to lower rates and flood the economy with printed money. This is akin to giving an alcoholic more alcohol to stave off the hangover. The 'too big to fail' banks just became bigger. The correct response would have been to let it crash and then after a few years we would have been in an organic recovery.
Rising interest rates will be the reason for the current housing crash. But bear in mind the people who are buying homes with maximum leverage will see a significant drop in home prices and will begin strategically defaulting. When the foreclosures start to increase, rents will fall because people will be able to rent homes in various stages of foreclosure on the cheap. It will be a snowball effect sending housing into a tailspin.
I hope I'm wrong, but I'm a realist. The entire economy is a controlled demolition. When the world moves off of the dollar as the reserve currency (which is already happening) then we will no longer be able to export our inflation. Hyperinflation combined with food shortages will usher in the Great Reset.
There were two primary reasons why housing crashed the last time: 1) borrowers were not properly qualified and lacking capacity, defaulted in droves; but the second reason is more telling: 2) negative equity
The government's response to the housing market crisis was to lower rates and flood the economy with printed money. This is akin to giving an alcoholic more alcohol to stave off the hangover. The 'too big to fail' banks just became bigger. The correct response would have been to let it crash and then after a few years we would have been in an organic recovery.
Rising interest rates will be the reason for the current housing crash. But bear in mind the people who are buying homes with maximum leverage will see a significant drop in home prices and will begin strategically defaulting. When the foreclosures start to increase, rents will fall because people will be able to rent homes in various stages of foreclosure on the cheap. It will be a snowball effect sending housing into a tailspin.
I hope I'm wrong, but I'm a realist. The entire economy is a controlled demolition. When the world moves off of the dollar as the reserve currency (which is already happening) then we will no longer be able to export our inflation. Hyperinflation combined with food shortages will usher in the Great Reset.
Kobe Forever
Black Crew
Bucks N 6
05-17-2022, 11:42 AM
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#93
Originally Posted By Redundanteater⏩
in·vest·mentYour primary residence is a place to live, not an investment. .
/inˈves(t)mənt/
noun
1.
the action or process of investing money for profit or material result.
lol kden
"It won't get better, just different."
05-17-2022, 11:47 AM
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#94
- 1slo5oh
- Maximum Gainz
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- 1slo5oh
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whew... that was a close one.... Bought our new place late 2019
But seriously we just got lucky AF.... sold one of my rental properties & the home we were currently living when the housing market just started to take off Pre fake a$$ covid... pre $hit stains Joe fkng everything up to line his corrupt demented a$$ pockets..
So we sold for way more than we had originally paid and bought a larger home that at the time that size / price range wasnt real hot... within 2 years comps for similar homes are about $250k-$300k more than we paid in 2019 lulz..
I am no real estate genius by any means I have just been fortunate enough several times now to be in the right place at the right time ready to buy...
But seriously we just got lucky AF.... sold one of my rental properties & the home we were currently living when the housing market just started to take off Pre fake a$$ covid... pre $hit stains Joe fkng everything up to line his corrupt demented a$$ pockets..
So we sold for way more than we had originally paid and bought a larger home that at the time that size / price range wasnt real hot... within 2 years comps for similar homes are about $250k-$300k more than we paid in 2019 lulz..
I am no real estate genius by any means I have just been fortunate enough several times now to be in the right place at the right time ready to buy...
6'2" @ 247lbs
05-17-2022, 11:52 AM
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#95
- GeezersPalace
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- GeezersPalace
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Lol, if people can't buy homes the US economy would collapse, 25 percent of the population would lose their jobs, then houses would drop in prices anyway.
R*tarded theory here.
R*tarded theory here.
05-17-2022, 12:08 PM
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#96
- EasyPassive
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lol at homecels srs
06-26-2022, 08:17 PM
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#97
- PaulJerome
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- PaulJerome
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Just wanted to give everyone an opportunity to double-down on their housing predictions.
30 year fixed mortgage rates today 6.227%
30 year fixed mortgage rates in January 3.22%
And you really believe this will not have a devastating effect on house prices?
30 year fixed mortgage rates today 6.227%
30 year fixed mortgage rates in January 3.22%
And you really believe this will not have a devastating effect on house prices?
6'5" 210 lbs, 10.9% body fat
Disagree with me, fine; but before calling me a fraudster click: https://forum.obnoxiousbrutes.com/showthread.php?t=185252663
Bodily exercise profits a little, but godliness is profitable unto all things.
06-26-2022, 08:28 PM
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#98
- N0stradamus
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- N0stradamus
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Looks like OP gonna get the last laugh.... saluted....
Everything I post is satire.
Tricknology Grand Master.
06-26-2022, 08:30 PM
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#99
06-26-2022, 08:35 PM
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#100
06-26-2022, 08:40 PM
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#101
- r32gojirra
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- r32gojirra
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Lmao
Average price for US homes hits record high in May despite rise in interest rates
https://amp.theguardian.com/society/...ecord-high-may
Average price for US homes hits record high in May despite rise in interest rates
https://amp.theguardian.com/society/...ecord-high-may
06-26-2022, 08:41 PM
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#102
- LinuxJon
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My house went up another $20k since OP made this thread.
480s / 370b / 495d / 235 x 2 SOHP
Trump 2020
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Definitely not a fed crew
06-26-2022, 08:43 PM
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#103
- N0stradamus
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- N0stradamus
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OP got these boyos rustled fo sho.... gonna be lolzy when 60% of people lose their jobs and that property tax bill comes due...
Everything I post is satire.
Tricknology Grand Master.
06-26-2022, 08:45 PM
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#104
- PaulJerome
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- PaulJerome
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This euphoria is hilarious. Will bump thread again next month.
6'5" 210 lbs, 10.9% body fat
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06-26-2022, 08:46 PM
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#105
- r32gojirra
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06-26-2022, 08:53 PM
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#106
- keyboardworkout
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I sold in May of 2021 which was about 6 months early for my area. I probably could have got about 10% more.
However, no one is buying now and prices are taking a dive fast. I'll buy for cash early next year.
However, no one is buying now and prices are taking a dive fast. I'll buy for cash early next year.
▪█─────█▪ Equipment Crew #53 ▪█─────█▪
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06-26-2022, 08:59 PM
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#107
- CanuckGame
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Lmao at all the brahs who are so out of town with what's going on around them.
I'll enjoy buying your homes from the bank when you get foreclosed on.
I'll enjoy buying your homes from the bank when you get foreclosed on.
06-26-2022, 09:00 PM
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#108
- r32gojirra
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- r32gojirra
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Originally Posted By CanuckGame⏩
FR detectedLmao at all the brahs who are so out of town with what's going on around them.
I'll enjoy buying your homes from the bank when you get foreclosed on.
I'll enjoy buying your homes from the bank when you get foreclosed on.
06-26-2022, 09:38 PM
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#109
- PaulJerome
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- PaulJerome
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I bought my first house when I was 19. Flipped over 100 of them. Owned a mortgage company employing 80 people which lent over $1billion.
I do not own any real estate now. Have fun on your slippery slope downhill. Amazed people still can't see this.
I do not own any real estate now. Have fun on your slippery slope downhill. Amazed people still can't see this.
6'5" 210 lbs, 10.9% body fat
Disagree with me, fine; but before calling me a fraudster click: https://forum.obnoxiousbrutes.com/showthread.php?t=185252663
Bodily exercise profits a little, but godliness is profitable unto all things.
06-26-2022, 09:40 PM
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#110
- TheGoldenBull
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- TheGoldenBull
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Originally Posted By PaulJerome⏩
legit mouth breathing retards at this point.I bought my first house when I was 19. Flipped over 100 of them. Owned a mortgage company employing 80 people which lent over $1billion.
I do not own any real estate now. Have fun on your slippery slope downhill. Amazed people still can't see this.
I do not own any real estate now. Have fun on your slippery slope downhill. Amazed people still can't see this.
06-26-2022, 09:41 PM
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#111
- TheGoldenBull
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Originally Posted By esmile⏩
have you seen the tech stocks? have you read about the mass layoffs in the tech sector and real estate industry?Job market crumbling ? Lmao
not to mention all the companies that were operating in red with cheap debt. now that interest rate is up..... all those companies are going to cut costs by laying off people first.
06-26-2022, 09:46 PM
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#112
- PaulJerome
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- PaulJerome
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Originally Posted By TheGoldenBull⏩
No, but they can check Zillow. lolhave you seen the tech stocks? have you read about the mass layoffs in the tech sector and real estate industry?
Zillow got out of the home buying business in 2022. Zillow will not buy your house. If you understand that appraisals look at previous home sales up to 6 months in the past, then you might start to get an idea why Zillow values would be more than you can actually get on a sale.
Have you noticed fewer 'we will buy your home for cash' ads?
6'5" 210 lbs, 10.9% body fat
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Bodily exercise profits a little, but godliness is profitable unto all things.
06-26-2022, 09:56 PM
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#113
- CanuckGame
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- CanuckGame
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Originally Posted By r32gojirra⏩
Try again cuckstralia brah.FR detected
I own many homes.
Look forward to buying more from the brahs who are over extended.
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