thunderbird1100

He doesnt

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How do you justify current prices given other inflation adjusted variables such as wages, consumer debt, COL and pretty much whatever else you want to look at?

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Prices have fallen this year, prices will not fall "30-40%" which is a gigantic crash like 2008 all over agian.

Again, what caused 2008 to happen was over 5 million foreclosed homes to hit the market over a couple years in a depressed overall economy. On top of that, we built way more homes back before that happened than we've been building over the last 15+ years. Despite supply being greater than demand right now, it is nowhere close to where we were at back in 2008-9 when you're talking like 400k foreclosures a year in comparison to 2-3 million back then.

It's a very simple equation of supply and demand. Right now the supply exceeds the demand but absolutely nowhere close or in danger to what happened in 2008-9. Mortgage foreclosures are nowhere remotely close to where they were back then. As a result of supply exceeding demand we have seen a pull back on prices if you werent aware, but there's no crash and no crash imminent like you were fear mongering. You simply dont understand the RE market if you believe there's some type of imminent crash. The only way it crashes is if foreclosures go to about 5x what they are right now dumping huge amounts of supply on the market.

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LSU MBB has two top tier players and a really good supporting cast

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Who is the second beyond Dedan?

I hope you're not suggesting Reed, he to me kind of have the same consistency issues he's always had. He's not a dominant player consistently, but occasionally has these huge games vs. nobodies. When the lights came on vs. bigger/athletic/physical opponents he was very hit and miss.

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It’s a 40 year mortgage or we’re going to see a 30-40% real estate crash back to pre-COVID levels because affordability is completely unsustainable

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:lol:

This is panic talk and this definitely wont happen at all

Housing prices are being kept up mostly because of lack of supply, we havent built enough housing for 15+ years now since the 2008 crash. Housing has pulled back some this year with the economy not chugging along as well and interest rates still too high for most but housing is not suddenly crashing 30-40% or anywhere close to 2008ish. Over 2 million homes got foreclosed on in 2008 and 3 million in 2009. We are at like 300k foreclosures this year through Q3. Thats why housing crashed back then, we are nowhere close to that kind of supply suddenly hitting the market right now.

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If we're ok with 84 month truck notes most people won't care about a 50 year mortgage if it allows them to afford their house note and the market loves it (realtors/wall street/blackrock) because it is going to explode real estate prices as we've seen in europe to otherwise unsustainable levels.

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These are really not close to the same if you're trying to conflate the 2 together. Vehicles can and do easily last 7 years with lots of people keeping vehicles for close to or exceeding loan terms in many cases. Practically nobody stays in a house for 50 years. The median length (which is pretty high right now since interest rates went way up) for homeowners staying in 1 place is around 11-12 years. If its a first house (again only talking ownership, not renting) it's more like 5 years.

If you put down like 5% on your first house which a ton of people do and get a 50 year mortgage you better prey that house went up a large amount in value in 5 years if you plan to move again otherwise you basically wont have anything to show for it moving out of there after paying all costs to move/realtors. You might actually lose money.

Example:
50 year mortgage at 7% on $400k with 5% down
Mortgaging $380k
After 5 years your principal is down to only $375k on a $400k house
After 10 years your principal is down to only $368k on that $400k house

You are destroying yourself in interest payments up front on a 50 year and banking on home values going way way up. Which we've lived in a real estate bubble basically after 2020 and is not normal at all with values skyrocketing like that. There's plenty of times in the past few decades prior to that housing appreciating at a pretty slow pace.

50 year mortgages are beyond stupid and make no sense and would only further drive up some housing prices artificially making them more "affordable"

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The life expectancy for an American today is 78.4 years. So he wants Americans to enjoy only 8 years of peace (if you’re lucky) before you die.

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Life expectancy is actually 82 for men and 85 for women if they make it to 62; which means 20-23 years on average of people on the benefit in retirement age if you take at 62.

SS age has needed to be raised for a very long time even if people arent going to like it. It's part of what will help keep it afloat and not in the red ultimately. It was designed with much lower draw times when it was implemented a century ago nearly. The average life expectancy WAS 62 years old when it was implemented in comparison to 79 now.

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I'd lean Duce Chestnut or Denver Harris honestly

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To expand on that. Here's all the secondary transfers we got for the 2023 and 2024 seasons:

CB Jyaire Brown
CB JK Johnson
CB Duce Chestnut
CB Denver Harris
CB Zy Alexander
S Austin Ausberry
S Jardin Gilbert
S Andre Sam

Literally found 2 worthwhile players form that lot of 8.
Chestnut, Brown, Johnson, Harris & Ausberry did nothing or next to nothing here and Gilbert was a disaster all last season. Sam and Alexander were good players but certainly not game changers. In that lot of 8 guys, not a single one ended up drafted.

They did better in the 2022 transfer class in the secondary with Greg Brooks, JBC and Garner...but in 2023 and 2024 talk about some major reaches and whiffs

Florida is going to pay 3 coaches for the next 2 years . Napier's buyout is $10.6M this year; $2.65M/yr 2026-2029 and Mullen's buyout is through 2027 at $1M/yr. Napier was already paid over $6M part of his contract while active this year.

So a little breakdown:

2025
Napier = ~$17M
Mullen = $1M

2026
New Coach = ~$8M-$11M
Napier = $2.65M
Mullen = $1M

2027
New Coach = ~$8M-$11M
Napier = $2.65M
Mullen = $1M

That's their reality the next few years :lol:

All the YT streams are down basically at this point

Sure is nice when you don't miss from 3 :lol: