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Posted on 1/13/22 at 7:53 pm to SlowFlowPro
quote:
This board also predicted the 2008 crash years ahead of time. Saved me a lot of pain.
Weren’t you still in school in 2008?
Posted on 1/13/22 at 7:54 pm to RealDawg
quote:
Gonna pocket my cash and sit tight for a while
what a decision, voluntarily losing 7% of your purchasing power because of...fear mongerers.
brutal
Posted on 1/13/22 at 7:54 pm to RealDawg
quote:please explain why and be as specific as possible
Some point..this has to crack.
Posted on 1/13/22 at 7:55 pm to jscrims
quote:
Weren’t you still in school in 2008?
I graduated in 2008.
Took a job back home b/c it was a certainty. I had classmates who had no idea what was coming who focused on the bar instead and did not get a real, fulltime legal job for 3-4 years after graduation b/c of that.
Posted on 1/13/22 at 7:56 pm to RealDawg
quote:
Think there was around 13 years of steady increase prior to that
For those that remember or were paying more attention that I was 20 years ago, did the dot.com and tech crash hurt the real estate market much?
Posted on 1/13/22 at 7:58 pm to GreatLakesTiger24
quote:
please explain why and be as specific as possible
Posted on 1/13/22 at 7:58 pm to GreatLakesTiger24
quote:
please explain why and be as specific as possible
The biggest issue is that salaries are not likely to keep up. So if individuals aren't going to be able to afford homes, then, at best, you'll have clonglomorates, IBs, and rich individuals being the only ones who can afford homes in time.
Posted on 1/13/22 at 8:03 pm to RealDawg
Real estate market will appreciate 10% minimum in 2022.
Fed will increase interest rates at least twice this year to slow it down.
Fed will increase interest rates at least twice this year to slow it down.
Posted on 1/13/22 at 8:05 pm to SlowFlowPro
quote:
So if individuals aren't going to be able to afford homes, then, at best, you'll have clonglomorates, IBs, and rich individuals being the only ones who can afford homes in time.
and rich people are not going to hold cash considering inflation print was 7% this month, so they will continue to store their wealth in real estate etc
you think blackrock was out buying up all the housing supply last year for a crash soon later? lol
real estate will continue to go up until there is comfortable alternative for storing wealth
you cant hold cash in this environment, or i guess you could but youd be a clown
Posted on 1/13/22 at 8:06 pm to RealDawg
Sounds like you left money on the table.
If I had numerous offers the day I put it on the market, then I would seriously be questioning how much I’m leaving on the table.
If I had numerous offers the day I put it on the market, then I would seriously be questioning how much I’m leaving on the table.
Posted on 1/13/22 at 8:08 pm to RealDawg
How long until a good interest rate on a 30 year mortgage is 8%+?
Posted on 1/13/22 at 8:11 pm to MyRockstarComplex
not anytime soon
in 2006 the fed owned 0% of residential mortgages, now they own ~24%
you think theyre going to crash real estate and bankrupt themselves? lmao
in 2006 the fed owned 0% of residential mortgages, now they own ~24%
you think theyre going to crash real estate and bankrupt themselves? lmao
Posted on 1/13/22 at 8:13 pm to rocket31
quote:
you think blackrock was out buying up all the housing supply last year for a crash soon later? lol
I mean buying up properties didn't work out for every big company last year.
Zillow may lose $500M
quote:
real estate will continue to go up until there is comfortable alternative for storing wealth
Then it's just a bigger bubble, in that case. A few interest rate hikes or a few ripples in the employment market (like a recession that's on its way) will have major reverberations if these houses are being loaded up like this.
The only way this isn't a bubble is if we're in full on Weimar Republic. So you'll be right, but it won't really matter.
Posted on 1/13/22 at 8:15 pm to MyRockstarComplex
quote:
How long until a good interest rate on a 30 year mortgage is 8%+?
Not possible without destroying the US (which will destroy the world).
Even the super aggressive policies for 2022 have the fed raising rates 1% I think. You'll need another, what? 4% to get 8% mortgage rates?
Posted on 1/13/22 at 8:15 pm to RealDawg
My home value here in Montana has increased more than 200% since purchasing in Oct 2018. Nuts.
Posted on 1/13/22 at 8:19 pm to RealDawg
I got texted about selling my house today. Carpetbaggers abound.
Posted on 1/13/22 at 8:19 pm to RealDawg
If you need another reason to believe the phrase "it's cheaper to keep her," this real estate market subscribes.
Bought my house 2 years ago and it appraised 60k higher than what we paid.
I now owe the soon to be ex wife 30k in equity to buy her out, as opposed to a few grand under the previous appraisal when we purchased.
She was a miserable soul sucking bitch. The cost is worth every penny, but none the less something to consider.
Bought my house 2 years ago and it appraised 60k higher than what we paid.
I now owe the soon to be ex wife 30k in equity to buy her out, as opposed to a few grand under the previous appraisal when we purchased.
She was a miserable soul sucking bitch. The cost is worth every penny, but none the less something to consider.
Posted on 1/13/22 at 8:21 pm to SlowFlowPro
I mean there's no way out of this situation.
a)raise rates and bankrupt millions (including themselves) or b) keep the ponzi alive until the wheels fall off
I don't see why they'd choose a) unless the great reset is an actual future reality
a)raise rates and bankrupt millions (including themselves) or b) keep the ponzi alive until the wheels fall off
I don't see why they'd choose a) unless the great reset is an actual future reality
Posted on 1/13/22 at 8:22 pm to canyon critter
quote:
My home value here in Montana has increased more than 200% since purchasing in Oct 2018. Nuts.
I will be looking at a 260% profit margin on my house but I bought a storm damaged one for cheap with the intent to flip eventually. Bought it literally a few months before the market exploded so needless to say I didn't expect that kind of return.
We have a few rentals in some less desirable areas and a realtor is trying to convince me to cash out but I like the monthly cash flow.
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