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xtralettucetomatoe580

USA Contributing Member
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Posts posted by xtralettucetomatoe580

  1. Lol anyone who posts on a "spec ops" forum.... Is not an operator. You can't even have social media accounts in SF, SEALs, MARSOC, SOFD, etc, but somehow you can frequent an unsecured forum talking about the ins and outs of the job and that would be ok... Some people believe everything they read on the inter webs.

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  2. Just now, Biggie Smails said:

    No shit.....you state the obvious and I laugh at you....is this the kind of high level business training you are getting in Madison? :lol:

    You bore me... Good attempt at spinning that you didn't understand what I wrote though... 

     

    1 minute ago, Capt.Storm said:

    the banks had some blame no doubt but the feds under clinton had more to do with it.

    I agree, but the banks don't get to toss the blame at them. They knew what they were doing. 

  3. Just now, Biggie Smails said:

    Higher interest rates means less people buying.....damn you're a regular bearded hipster dufus Warren Buffet! :lol:

    That is what I said... 

    "When they go back up, the housing market will cool off. No big deal, that is what it is supposed to do when rates go up."

    They referring to interest rates... Cooling off meaning less buying...

    Lol can you read guy? I don't expect a guy with a sub 80 IQ to try to keep pace on this, but even a mouth breather like you should have been able to figure this out... 

  4. It all comes down to the interest rates. When they go back up, the housing market will cool off. No big deal, that is what it is supposed to do when rates go up. As long as banks are giving quality loans at that low rate, it is a win win for all. If they are back to shady practices, it will be a big deal. I don't see that this time though. Too many people watching what they are doing for them to start dolling out sub prime loans like crazy. 

  5. Just now, BOHICA said:

    The lack of affordable homes is due to people thinking what they are selling is worth more then it truely is....  Its not a lack of homes available.....  Home ownership are at historic lows, much of this frenzy is investment for rentals.  Its going to go bump.  Money is easy to get, low interest rates, and appraisers putting values on homes for at least what they are selling for to get the sale completed.  Less then a day and bidding again and homes selling for over asking.

     

    look what is happening in the miami area....

    http://www.miamiherald.com/news/business/real-estate-news/article97640357.html

    What are the numbers on those who buy property for rentals? As a percent of homes sold (I ask because I doubt it is that high). As if that is a bad thing. It is still money being exchanged. It is still the loan multiplier being put into effect. It is not some bad thing... Homes are in high demand with millennials who are doing the bulk of the purchasing. Are they paying too much? Hard to say they are if you look at where the demand is, WHICH is very high. It will find equilibrium, but I don't see it as overly above that level. You look at any city, and real-estate around the city center in older "craft" houses is booming. That is bringing the rest of the market with it. That process is improving the local economies, increasing renovations, decreasing crime, updating neighborhoods, and reversing the 40 year exodus from the city. Everyone of those things is a good thing. Are banks playing with appraisals... I would argue they are. But I wouldn't say they are doing so overly dangerously. Is it an increased risk? Yes. But with that comes a big reward for all parties. Again a good thing. This isn't 2008. 

  6. 4 minutes ago, BOHICA said:

    Hopefully it keeps up!  This false housing market needs a major correction.

    http://www.usatoday.com/story/money/business/2016/08/24/existing-home-sales-prices-real-estate-housing-market/89215438/

    Not sure how false it is to be honest. The biggest uptick was seen in places closest to urban/metro areas. A lot of that is due to millennials buying property that was once unpopular due to proximity to those metro areas. Sure a lot of the market came up with that increased demand, but I wouldn't say major correction would be accurate. Cant live in fear of what happened in 08. As long as lending practices stay above board, it will only help the economy. Low interest rates are the culprit. They are not a bad thing as long as they are organic, which we are getting dangerously close to not having. Let the business cycle flow. 

  7. 45 minutes ago, Zambroski said:

    Oh, my bad, maybe you are right.  I guess I wonder why so many generals have presided over that area under Obama?  Isn't it a bit more than usual in that position?

    Not really. ISAF for example was on a year and a half basis for W too. Obama did have two Generals who really fucked up PR wise. McC and Petraeus. When you fuck up like that you deserve the boot. 

  8. 3 minutes ago, Zambroski said:

    No, I don't understand military assignments at all.  It all just seems a bit bewildering to me.

    Well if you plan on slamming Obama for it, maybe you should... He has plenty of worthy things to be upset about with his handling of the military. No need to make up some narrative. It is just normal turnover... 

  9. 6 hours ago, Zambroski said:

    The "new" US Commander....fuck...how many does that make for Obama now?  Tough to get the right one to do his bidding over there I guess.  Eventually he'll find one to tell him EXACTLY what he wants to hear.  Maybe this guy is finally his "huckleberry".  :dunno:

     

    It is a rotational postion... Very rarely do you have anyone in a posting like that for more than a few years. 

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