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Started By
Message
How long of a quarantine required for the housing market to crash?
Posted on 3/17/20 at 3:20 pm
Posted on 3/17/20 at 3:20 pm
I figure 4 weeks of this will cause a huge crash.
9
Posted on 3/17/20 at 3:22 pm to Tshiz
Why
Posted on 3/17/20 at 3:24 pm to iAmBatman
quote:
Why
Let’s see.
Layoffs. Mortgage payments aren’t made. Can’t afford the house. Bye
Posted on 3/17/20 at 3:24 pm to Tshiz
Many experts have said that there shouldn’t be a housing crash since this disruption/potential recession isn’t similar to what was going on in 07 and 08. The economy is fundamentally solid. This could be worse than 2001 recession but nowhere near 2007 and 2008.
Not to mention, look at the insanely low interest rates for mortgages.
Not to mention, look at the insanely low interest rates for mortgages.
Posted on 3/17/20 at 3:24 pm to Tshiz
Who’s getting laid off other than the employees at the Golden Nugget?
Posted on 3/17/20 at 3:26 pm to iAmBatman
quote:
Who’s getting laid off other than the employees at the Golden Nugget?
those who work for small businesses that can’t float this situation? Are you blind?
Posted on 3/17/20 at 3:26 pm to iAmBatman
Hopefully someone will jump on these low interest rates and buy my damn house. Been trying to sell for over 18 months. Frustrating as shite.
Posted on 3/17/20 at 3:27 pm to Tshiz
No choice but to defer mortgage payments.
Posted on 3/17/20 at 3:28 pm to jdaute2
If it hasn't sold in 18 months it's overpriced. lower the price... it'll sell
Posted on 3/17/20 at 3:31 pm to jdaute2
quote:
Hopefully someone will jump on these low interest rates and buy my damn house.
Seriously considering selling ours for the same reason.
Posted on 3/17/20 at 3:31 pm to Tshiz
Who shutting down...link some
This post was edited on 3/17/20 at 3:31 pm
Posted on 3/17/20 at 3:31 pm to Tshiz
It most states you have 90 days before someone can remove you from your house for non-payment. It isn’t going to happen, if at all, for at least 6 months
Posted on 3/17/20 at 3:32 pm to Lickitty Split
Right...this guy is pulling shite out of his arse and simply fear mongering.
Posted on 3/17/20 at 3:45 pm to Tshiz
quote:
those who work for small businesses that can’t float this situation? Are you blind?
I have not heard of any layoffs. Where did this happen?
Posted on 3/17/20 at 3:46 pm to Tshiz
I’m going to do whatever Ryan Gosling’s character on the Big Short did before it happens
Posted on 3/17/20 at 3:46 pm to kciDAtaE
Nothing has happened. He trying to use his brain to come up with a theory, unfortunately due to the peanut sized brain that he has, this was all he was able to come up with 
Posted on 3/17/20 at 3:47 pm to Tshiz
A closing for me to sell one of my houses is scheduled for the 31st of March. Luckily the buyer is in the medical/nursing field and is not worried about going without work. I'm optimistic.
That being said, if interest rates drop to the ~2.0% range, I will be refinancing the house I live in.
That being said, if interest rates drop to the ~2.0% range, I will be refinancing the house I live in.
Posted on 3/17/20 at 3:50 pm to kciDAtaE
quote:
I have not heard of any layoffs. Where did this happen?
Most bars, restaurants, companies that do event production etc are laying off employees so they will eligible for unemployment benefits since they don't know when they'll reopen. That's a ton of layoffs right there.
Posted on 3/17/20 at 3:53 pm to Tshiz
We were supposed to close on our house today. The county has been slow to return the required Certificate of Occupancy. Now they've closed up shop to the public for some services because of the coronavirus, don't know if that includes COs. House closing has been pushed to Thursday, we shall see.
This post was edited on 3/17/20 at 3:54 pm
Posted on 3/17/20 at 3:55 pm to Paul Allen
quote:
Many experts have said that there shouldn’t be a housing crash since this disruption/potential recession isn’t similar to what was going on in 07 and 08. The economy is fundamentally solid. This could be worse than 2001 recession but nowhere near 2007 and 2008.
Not to mention, look at the insanely low interest rates for mortgages.
*Until AirBnB gets legitimately regulated.
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