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Started By
Message
re: Housing: WTF?
Posted on 3/16/23 at 11:02 am to el Gaucho
Posted on 3/16/23 at 11:02 am to el Gaucho
quote:
Ok millenial rentoid
Not a Millennial and haven't rented since College back in the early 2000's. There isn't enough supply of housing and the housing market has not 'crashed' despite wishcasting from people on here for years now.
Bunch of poors on here that can only afford housing during a 'crash' so its what you folks keep hoping and praying for.
1
Posted on 3/16/23 at 11:04 am to I Love Bama
quote:
Population growth is collapsing in USA
We've added 5 million Illegal Immigrants in only 2 years. These people have to live somewhere. These people multiply like rats. Do the math.
This post was edited on 3/16/23 at 11:06 am
Posted on 3/16/23 at 11:12 am to SlowFlowPro
quote:
I'm shocked he is showing his face
Don't worry the 'crash' you've been predicting and praying for for years will happen eventually.
quote:
I'm shocked he is showing his face after how much housing has been affected by non-0% interest life
Prices are still very high/inflated even with rates doubling
What planet do you live on or should I ask what shithole area do you live in that is struggling?
This post was edited on 3/16/23 at 11:56 am
Posted on 3/16/23 at 11:24 am to Bard
quote:
Add the continued drop in jobless claims and rising job growth numbers, and I think a .5 rate increase has to be back on the table.
Hope he doesn't increase more than a quarter point.
If they can just hold rates roughly steady (and politicians can stop flooding the economy with stimulus) maybe we could have a semi functional economy.
Posted on 3/16/23 at 11:27 am to I Love Bama
quote:
There is a surplus of demand now because we are at an unhealthy unemployment rate. I think we can all agree unemployment rates are going to go back up to normal levels which destroys the excess demand.
That narrative is false, unemployment is artificially low due to the way it is calculated.
Posted on 3/16/23 at 11:45 am to molsusports
quote:
If they can just hold rates roughly steady (and politicians can stop flooding the economy with stimulus) maybe we could have a semi functional economy.
That latter part is the biggest issue. Congress loves to cut the rate of spending growth then say "Look! We cut spending!" but then continue to blame the other side of the aisle for the shitshow continuing.
The real problem is that in order to just balance the budget, we would need to cut ALL spending (both mandatory and discretionary) by ~20% (everything from new missiles to VA benefits to paying electricity bills to office supplies). Such a drastic cut across the board (which would mean even larger cuts if you were to do targeting) would guarantee almost everyone who voted for it would fail in their next re-election bid.
No one goes to DC with the intention of serving only that term then going home.
Posted on 3/16/23 at 12:00 pm to ronricks
quote:
Not a Millennial
quote:
haven't rented since College back in the early 2000's
Did you go to college at 15?
If not, then you're a millennial, bub
Posted on 3/16/23 at 12:03 pm to SlowFlowPro
quote:
If not, then you're a millennial, bub
Born in 1979. Not a Millennial. How do you continue to be so wrong?
Posted on 3/16/23 at 12:08 pm to el Gaucho
You hooked one, use it wisely.
Posted on 3/16/23 at 12:10 pm to ronricks
quote:
Born in 1979. Not a Millennial. How do you continue to be so wrong?
Yep. You’re a boomer
Posted on 3/16/23 at 12:11 pm to el Gaucho
quote:
el Gaucho
Oh, its you. Had I even looked I wouldn't have responded
Posted on 3/16/23 at 12:16 pm to Bard
when a significant percentage has a primary home, and an investment property/ airbnb and corporations were buying up houses to secure have hard assets. it def messes with supply and cost. at least around here. 3br 2 ba being rented to students for 1800-2100 a month
Posted on 3/16/23 at 12:25 pm to Bard
quote:
Who the hell is building right now?
Companies like weekly homes or Sullivan Brothers are still building sizable planned communities around me
They got enough cash and the demand is not going away
Posted on 3/16/23 at 12:26 pm to el Gaucho
quote:
rentoid
quote:
el Gaucho
are you a dramanaught
Posted on 3/16/23 at 12:40 pm to Dire Wolf
Nothing like some market turmoil to bring down the conversations of the money board.
Posted on 3/16/23 at 12:44 pm to Bard
My personal opinion is this is a little misleading. You have alot of migration going on now with people moving out of states with more expensive real estate to states with equal or less expensive real estate (NY to FL, CA to TX). It would be interesting to see new starts per state.
Posted on 3/16/23 at 12:53 pm to TimeOutdoors
I agree.
But the states "losing population" were arguably still overcrowded and undersupplied.
I don't think a statistic would show what you expect.
But the states "losing population" were arguably still overcrowded and undersupplied.
I don't think a statistic would show what you expect.
Posted on 3/16/23 at 12:56 pm to SlowFlowPro
quote:
I'm shocked he is showing his face after how much housing has been affected by non-0% interest life He told us that wouldn't happen b/c of muh inventory
Unable to determine if this is an intended burn or sarcasm? Real estate has been minimally impacted by non-0% interest rates. Real estate is still out of control.
Posted on 3/16/23 at 1:00 pm to Bard
I literally just had my 1st walk through this morning before closing on a new construction next week. There's still quite a lot of new construction happening in the Austin area.
Posted on 3/16/23 at 1:12 pm to Sterling Archer
Chicago to Austin.
Wonder why.
Wonder why.
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