ActionfigureJoe Posted May 11, 2021 Share Posted May 11, 2021 9 minutes ago, Ez ryder said: I see it weekly . I work with a lot of these people. 1 day of our week is nothing but dealing with inspectors make tge buyer feel warm and fuzzy hit lists for realtors. There is plenty of talk and jokes about what is going on Sounds like republicans. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 11, 2021 Share Posted May 11, 2021 6 minutes ago, ActionfigureJoe said: Sounds like republicans. How so ? Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted May 11, 2021 Gold Member Share Posted May 11, 2021 I remember the last housing crash it was fucking great. Got a brand new house for pennies on the dollar and Obama gave me 8k because I bought it. Made a killing when I sold that place last spring. 1 1 Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted May 11, 2021 Share Posted May 11, 2021 Should be about time for Hummer to make a comeback for the realtors raking in the dough. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 11, 2021 Share Posted May 11, 2021 11 minutes ago, racinfarmer said: Should be about time for Hummer to make a comeback for the realtors raking in the dough. Are there any 3/4 or 1 ton suv any more ? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 11, 2021 Platinum Contributing Member Share Posted May 11, 2021 10 hours ago, Im4snow said: Inventory, or lack thereof, tells much of the story. This. THe inventory isnt there for dead beats to buy. Quote Link to comment Share on other sites More sharing options...
Guest Posted May 11, 2021 Share Posted May 11, 2021 I might regret it, but I'm just gonna' hang in the market for a while, and HOPE as this pandemic ends, the economy picks up. However, I know the market is not necessarily tied to the economy. I got killed in 2008. It took YEARS to re-cover. Real estate dabbling, doesn't interest me................WAY TOO MUCH LEGAL/PAPERWORK involved. Quote Link to comment Share on other sites More sharing options...
BadaBing444 Posted May 11, 2021 Share Posted May 11, 2021 10 hours ago, Ez ryder said: Yeah I am flush and waiting to swoop . In a much better place this time around to take advantage of the situation. Few of my customers made millions on the 08 crash. I spent 60 days in FL with one of them as he was buying enough forclosed units to get controlling votes of the board and make them rentals till the market turned . He was buying 5 or 6 at a time from the banks and litteraly steeling them . Most the people just left all there shit because they were vacation places. He had just sold new York baggel chips and old London foods before the crash and had a few million to play with I hope your right, I’m in the same situation as you! Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted May 11, 2021 Share Posted May 11, 2021 12 hours ago, Im4snow said: Inventory, or lack thereof, tells much of the story. This is true. That will begin to change come mid year as those in forbearance on home loans come due. There’s about 3 million home owners behind in payments and another 2 million in severe delinquency. Some will put their homes up for sale and others will walk away. Regardless, that’s going to create a surge in inventory. It’ll be an interesting year. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 11, 2021 Share Posted May 11, 2021 Wait till many states stop the no foreclosure orders. It’s coming. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 11, 2021 Author Share Posted May 11, 2021 44 minutes ago, ActionfigureJoe said: This is true. That will begin to change come mid year as those in forbearance on home loans come due. There’s about 3 million home owners behind in payments and another 2 million in severe delinquency. Some will put their homes up for sale and others will walk away. Regardless, that’s going to create a surge in inventory. It’ll be an interesting year. Um no there are 10 million home owners behind and 1 in 5 renters. So yeah the banks are writing millions of mortgages to people who ultimately wont be able to afford them. https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/16/fact-sheet-biden-administration-announces-extension-of-covid-19-forbearance-and-foreclosure-protections-for-homeowners/#:~:text=The COVID-19 pandemic has triggered a housing affordability,them at greater risk of eviction and foreclosure. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 11, 2021 Author Share Posted May 11, 2021 Just now, Mainecat said: Wait till many states stop the no foreclosure orders. It’s coming. It needs to stop. People need to get to work and not sit around getting paid while not paying their bills 2 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted May 11, 2021 Share Posted May 11, 2021 (edited) 5 minutes ago, Anler said: Um no there are 10 million home owners behind and 1 in 5 renters. So yeah the banks are writing millions of mortgages to people who ultimately wont be able to afford them. https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/16/fact-sheet-biden-administration-announces-extension-of-covid-19-forbearance-and-foreclosure-protections-for-homeowners/#:~:text=The COVID-19 pandemic has triggered a housing affordability,them at greater risk of eviction and foreclosure. Not sure where that data comes from. Mine comes from the CFPB. It’s possible those numbers include rental properties. Edited May 11, 2021 by ActionfigureJoe Quote Link to comment Share on other sites More sharing options...
Anler Posted May 11, 2021 Author Share Posted May 11, 2021 Just now, ActionfigureJoe said: Not sure where that data comes from. Mine comes from the CFPB. It comes from the Biden administration... Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted May 11, 2021 Share Posted May 11, 2021 3 minutes ago, Anler said: It comes from the Biden administration... It’s wrong. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 11, 2021 Share Posted May 11, 2021 13 hours ago, Ez ryder said: Yeah I am flush and waiting to swoop . In a much better place this time around to take advantage of the situation. Few of my customers made millions on the 08 crash. I spent 60 days in FL with one of them as he was buying enough forclosed units to get controlling votes of the board and make them rentals till the market turned . He was buying 5 or 6 at a time from the banks and litteraly steeling them . Most the people just left all there shit because they were vacation places. He had just sold new York baggel chips and old London foods before the crash and had a few million to play with Yeah, I took it on the nose 08-10 on two premium pieces. Swore I'd never let that happen again. Made great bank with cheap supplies and labor building my last though. Hope it's coming again. I'm ready with checkbook! 12 hours ago, Ez ryder said: How so ? He's just flailing hard throwing shade on his godly administration. It's going to fall apart and that's that. Non liberal run areas will flourish. Cities will become war zones of trash as people flee the idiocy. 12 hours ago, 800renegaderider said: I remember the last housing crash it was fucking great. Got a brand new house for pennies on the dollar and Obama gave me 8k because I bought it. Made a killing when I sold that place last spring. Yep. I doubled my money including my personal labor costs. It's coming again but, it'll be a bit more complicated this time because labor is still sitting at home collecting checks from their Covid employer. It's all gotta come apart at the right time for it to be the perfect storm. Biden admin is spinning plates at this point....it's gonna crash. Quote Link to comment Share on other sites More sharing options...
Gold Member poopooforme Posted May 11, 2021 Gold Member Share Posted May 11, 2021 11 minutes ago, ActionfigureJoe said: It’s wrong. https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/16/fact-sheet-biden-administration-announces-extension-of-covid-19-forbearance-and-foreclosure-protections-for-homeowners/#:~:text=The COVID-19 pandemic has triggered a housing affordability,them at greater risk of eviction and foreclosure. 11 minutes ago, ActionfigureJoe said: It’s wrong. Its right from your fucking whitehouse you toolbag! Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 11, 2021 Share Posted May 11, 2021 1 hour ago, Mainecat said: Wait till many states stop the no foreclosure orders. It’s coming. This will be awesome!!!! 59 minutes ago, poopooforme said: https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/16/fact-sheet-biden-administration-announces-extension-of-covid-19-forbearance-and-foreclosure-protections-for-homeowners/#:~:text=The COVID-19 pandemic has triggered a housing affordability,them at greater risk of eviction and foreclosure. Its right from your fucking whitehouse you toolbag! Jesus. You just fucking Khasshogi'd the fuck out of poor Spintry. JESUS!!!! Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 11, 2021 Share Posted May 11, 2021 2 minutes ago, poopooforme said: https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/16/fact-sheet-biden-administration-announces-extension-of-covid-19-forbearance-and-foreclosure-protections-for-homeowners/#:~:text=The COVID-19 pandemic has triggered a housing affordability,them at greater risk of eviction and foreclosure. Its right from your fucking whitehouse you toolbag! 1 minute ago, Zambroski said: This will be awesome!!!! Jesus. You just fucking Khasshogi'd the fuck out of poor Spintry. JESUS!!!! The 2 board morons are here adding their usual ignorant responses. It never ends. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 11, 2021 Share Posted May 11, 2021 14 hours ago, Anler said: "experts" say no but houses are selling at all time high and lumber prices are adding another $36,000 to the price of a new house. Was just listening to a story about how millennials are buying houses (over priced) they probably can't afford on their salaries with as little money down as possible. This sounds awfully familiar to another movie I saw about 12 years ago. completely different IMO we have a supply issue, that is not what drove 2008 crash There will be markets that do fall for sure but that's normal, 2008 is really the only time in modern history where housing fell across the entire country. Areas where there is an ability to provide more housing stock will prob see softening. The reality is we have a decade where we built way too few houses so even of post covid protections foreclosures rise i believe the market can absorb. Some of the rural markets driven by hoped of working remote may soften if employers pull the reigns on that. I just had the first client we declined when their employer refused to give us a remote work letter. They are going to require 1 day a week in the office starting in July. 1 Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 11, 2021 Share Posted May 11, 2021 1 hour ago, Mainecat said: The 2 board morons are here adding their usual ignorant responses. It never ends. I don't know what makes me laugh harder. The fact that you think you can all others "morons" or the fact that you think you are somehow of intelligent thought. Both are good!!!!!! 1 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 11, 2021 Share Posted May 11, 2021 31 minutes ago, Mainecat said: Wait till many states stop the no foreclosure orders. It’s coming. Plenty of pent up demand to absorb IMO And at least locally with a 3% unemployment rate not a big concern. Quote Link to comment Share on other sites More sharing options...
Gold Member poopooforme Posted May 11, 2021 Gold Member Share Posted May 11, 2021 Ya I don't think I have ever seen anything intelligent that was an original thought from @Mainecat Hes good at copy and paste. But his true passion is deflection. Expert at deflection. Oh and spin. Spin and deflection. Original thought not so much. Perfect lib snowflake. Can't think for itself... 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 11, 2021 Share Posted May 11, 2021 2 minutes ago, poopooforme said: Ya I don't think I have ever seen anything intelligent that was an original thought from @Mainecat Hes good at copy and paste. But his true passion is deflection. Expert at deflection. Oh and spin. Spin and deflection. Original thought not so much. Perfect lib snowflake. Can't think for itself... Nice deflection Spanky Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 11, 2021 Share Posted May 11, 2021 1 hour ago, poopooforme said: Ya I don't think I have ever seen anything intelligent that was an original thought from @Mainecat Hes good at copy and paste. But his true passion is deflection. Expert at deflection. Oh and spin. Spin and deflection. Original thought not so much. Perfect lib snowflake. Can't think for itself... He's a proven squidbrain who get's his talking points downloaded every morning and runs out the door with his orders to distribute. He's completely void of any ability to debate intelligently. There's just nothing there. His life accomplishments are similar. Pretty much lived off everyone and anything he could while claiming he's somehow "earned" his way. Perfect libtwat. 1 1 Quote Link to comment Share on other sites More sharing options...
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