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re: US Home Sales Crashed in October
Posted on 11/26/24 at 2:13 pm to Mid Iowa Tiger
Posted on 11/26/24 at 2:13 pm to Mid Iowa Tiger
quote:
He may never get re-elected if the economy craters
God forbid. He would tie FDR for being elected four times!
0
Posted on 11/26/24 at 2:14 pm to Sailin Tiger
quote:
I think he is saying that homes should not be investment vehicles and you just proved his point.
This is correct. Housing should never be looked at as a speculative investment. You end up will bubbles that distort the market. In 2008 they used the derivatives market to buy up all the bad loans so the banks continued to make bad loans causing the bubble. This time Wall Street and Hedge Funds are outright buying whole subdivisions and SFH to distort the market and now we have a bubble bigger than 2008
Posted on 11/26/24 at 2:18 pm to John Barron
quote:A perfect example of knowing JUST enough to be dangerous.
This is correct. Housing should never be looked at as a speculative investment. You end up will bubbles that distort the market. In 2008 they used the derivatives market to buy up all the bad loans so the banks continued to make bad loans causing the bubble. This time Wall Street and Hedge Funds are outright buying whole subdivisions and SFH to distort the market and now we have a bubble bigger than 2008
But still full of shite.
Posted on 11/26/24 at 2:23 pm to Mid Iowa Tiger
quote:
He may never get re-elected if the economy craters.
Which is why the Democrats sacrificed Kamala and Timmy.
Posted on 11/26/24 at 2:25 pm to John Barron
quote:
This is correct. Housing should never be looked at as a speculative investment. You end up will bubbles that distort the market. In 2008 they used the derivatives market to buy up all the bad loans so the banks continued to make bad loans causing the bubble. This time Wall Street and Hedge Funds are outright buying whole subdivisions and SFH to distort the market and now we have a bubble bigger than 2008
You end up with 2-3 percent YoY since 1971. That’s not a bubble. That’s a 50 year tried and true investment.
Posted on 11/26/24 at 3:10 pm to John Barron
The problem is that builders aren't building smaller starter homes like they did 50 years ago. Back in the day you got married in your mid 20s and wanted a 1400 square foot house big enough for you, the wife and the coming child. After working a while you had the money to get something bigger and you had equity to plow into the newer home.
Today, the younger couples are living in apartments building no equity for the larger more expensive homes that are the only ones available.
Today, the younger couples are living in apartments building no equity for the larger more expensive homes that are the only ones available.
Posted on 11/26/24 at 3:21 pm to Zach
quote:
The problem is that builders aren't building smaller starter homes like they did 50 years ago. Back in the day you got married in your mid 20s and wanted a 1400 square foot house big enough for you, the wife and the coming child. After working a while you had the money to get something bigger and you had equity to plow into the newer home. Today, the younger couples are living in apartments building no equity for the larger more expensive homes that are the only ones available.
Real estate is hyper local. In Nashville, a very desirable market, there are over 500 new construction homes under 350k between 1250 - 1500 square feet within an hour radius to the center of the city.
This post was edited on 11/26/24 at 3:23 pm
Posted on 11/26/24 at 3:25 pm to BBONDS25
quote:
person, especially a politician, who strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups.
So we both agree trump is a populist right?
Posted on 11/26/24 at 3:28 pm to BBONDS25
quote:
a person, especially a politician, who strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups.
Today I learned that I’m a populist!
My life has been severely impacted at least once (2008 crash) by a combo of Wall Street greed and terrible government policy.
It’s also made buying a decent house out of the question, at least for the next few years until my salary increases.
I’ll survive, but I’ll never make up for the lost years, at least financially speaking.
Posted on 11/26/24 at 3:29 pm to Buryl
quote:So both the crash AND the boom were bad for you?
My life has been severely impacted at least once (2008 crash) by a combo of Wall Street greed and terrible government policy.
It’s also made buying a decent house out of the question, at least for the next few years until my salary increases.
Posted on 11/26/24 at 3:35 pm to oklahogjr
Trump is a massive populist
Posted on 11/26/24 at 3:36 pm to oklahogjr
quote:
So we both agree trump is a populist right?
You think Trump isn’t part of the elite, but rather an ordinary person who thinks the elite are keeping him down?
Or are you attempting to frame Trump a certain way to legitimize the lawfare?
We all know the answer. You far left wackos don’t have gray areas.
Posted on 11/26/24 at 3:36 pm to Buryl
quote:
Today I learned that I’m a populist!
At least you’re not a mentally ill libertarian, the dumbest subset of ideological f@ggots in human history.
This post was edited on 11/26/24 at 3:37 pm
Posted on 11/26/24 at 3:40 pm to ItNeverRains
quote:
least you’re not a mentally ill libertarian, the dumbest subset of ideological f@ggots in human history.
. Freedom is so icky ain't it, girl.
Posted on 11/26/24 at 3:41 pm to GoblinGuide
Who let the retard in?
Posted on 11/26/24 at 3:42 pm to ItNeverRains
quote:
Real estate is hyper local. In Nashville, a very desirable market, there are over 500 new construction homes under 350k between 1250 - 1500 square feet within an hour radius to the center of the city.
My nephew lives in Nashville with his wife and kid. He loves it.
Posted on 11/26/24 at 3:45 pm to RogerTheShrubber
Are you trying to pretend to be a libertarian now?
Posted on 11/26/24 at 3:50 pm to BBONDS25
quote:
You think Trump isn’t part of the elite, but rather an ordinary person who thinks the elite are keeping him down?
I think that's how trump positioned his campaign do you not?
Posted on 11/26/24 at 3:55 pm to oklahogjr
quote:
I think that's how trump positioned his campaign do you not?
I think Trump positioned his campaign to focus on immigration, the economy, and foreign policy. Noting the lawfare he was facing was politically motivated is not the same as believing the “elite” are systemically keeping him down. He is part of the elite.
Posted on 11/26/24 at 3:59 pm to Big Scrub TX
quote:
So both the crash AND the boom were bad for you?
Y'all have no idea how bad the crash was in some places out West. Took me years to save enough to move back to Baton Rouge. With basically zero contacts I was starting from the bottom.
Ended up going back to school in 2018, finished in 2022, passed bar same year. So missed out on “the boom.”
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