Anler Posted July 9, 2021 Share Posted July 9, 2021 Quote Link to comment Share on other sites More sharing options...
X2700 Posted July 9, 2021 Share Posted July 9, 2021 Hell Wells Fargo just sent me pile of blank checks! said fill in the blank!! I’ll pass! Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 9, 2021 Share Posted July 9, 2021 one was closed because the bottom dropped out of the market to protect security second is not secured by anything Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 9, 2021 Share Posted July 9, 2021 20 minutes ago, X2700 said: Hell Wells Fargo just sent me pile of blank checks! said fill in the blank!! I’ll pass! Close any accounts you have with those crooks. Too many other good options than to deal with a criminal organization. 1 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 9, 2021 Share Posted July 9, 2021 1 hour ago, Angry ginger said: one was closed because the bottom dropped out of the market to protect security second is not secured by anything Banker Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 9, 2021 Share Posted July 9, 2021 1 hour ago, Anler said: We sold our place in a caddy before the sign went in the ground. I’ve been snooping around at lakefronts and finding what’s left Is either garbage or way overpriced. Everything seems overheated right now. I just wonder how much is driven by peoples savings or just credit. Our offer was all cash. Quote Link to comment Share on other sites More sharing options...
Anler Posted July 9, 2021 Author Share Posted July 9, 2021 5 minutes ago, Edmo said: We sold our place in a caddy before the sign went in the ground. I’ve been snooping around at lakefronts and finding what’s left Is either garbage or way overpriced. Everything seems overheated right now. I just wonder how much is driven by peoples savings or just credit. Our offer was all cash. Why did you sell your place? I thought you loved it? Quote Link to comment Share on other sites More sharing options...
Guest Posted July 9, 2021 Share Posted July 9, 2021 This is the same scenario as 2005. The market was hot for years, then all of a sudden in Oct/Nov of 2005, real estate tanked...OVERNIGHT!!! Quote Link to comment Share on other sites More sharing options...
Anler Posted July 9, 2021 Author Share Posted July 9, 2021 1 minute ago, Polaris 550 said: This is the same scenario as 2005. The market was hot for years, then all of a sudden in Oct/Nov of 2005, real estate tanked...OVERNIGHT!!! wrong! Quote Link to comment Share on other sites More sharing options...
Guest Posted July 9, 2021 Share Posted July 9, 2021 2 minutes ago, Anler said: wrong! Whadyya' mean? Quote Link to comment Share on other sites More sharing options...
Anler Posted July 9, 2021 Author Share Posted July 9, 2021 1 hour ago, Polaris 550 said: Whadyya' mean? Housing took a shit in 2007 when interest rates went way up and everyone in those shitty ARM loans started getting fucked. 2005 things were still going up. Sold my house in 2006 and made a killing but I also bought a house in that madness Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 9, 2021 Share Posted July 9, 2021 1 hour ago, Anler said: Why did you sell your place? I thought you loved it? On to the next…was getting bored with caddy and the snow is just not as good there as it used to be. Used to get 150-200 inches consistently and now it’s like 60-80. Looking for a lake front. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 9, 2021 Share Posted July 9, 2021 2 hours ago, f7ben said: Banker facts SBYL Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted July 9, 2021 Share Posted July 9, 2021 Let me put it this way, I'm glad we built our chateau 2 years ago vs. this year. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 10, 2021 Platinum Contributing Member Share Posted July 10, 2021 Next 5-15 years there will be a gluttony of houses as the baby boomers die or go to nursing homes. Quote Link to comment Share on other sites More sharing options...
SSFB Posted July 10, 2021 Share Posted July 10, 2021 Fuck Wells Fargo 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 10, 2021 Share Posted July 10, 2021 7 hours ago, Anler said: Housing took a shit in 2007 when interest rates went way up and everyone in those shitty ARM loans started getting fucked. 2005 things were still going up. Sold my house in 2006 and made a killing but I also bought a house in that madness Here in New England it changed in 2005. Maybe in the mid-west it was different. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 10, 2021 Share Posted July 10, 2021 8 hours ago, Highmark said: Next 5-15 years there will be a gluttony of houses as the baby boomers die or go to nursing homes. depends on the area, so much pent up need for homes in the area i cover that those will be absorbed. but in places where you can build a lot of new houses maybe not so much as who wants a 60's 70's ranch over a newer home. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 10, 2021 Share Posted July 10, 2021 7 hours ago, Polaris 550 said: Here in New England it changed in 2005. Maybe in the mid-west it was different. no it didn't, "crash" was in 08 right along with the stock market with softening starting in 07. and the crash was no where near as bad here as in many other places. Same with the early 90's Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 10, 2021 Platinum Contributing Member Share Posted July 10, 2021 9 minutes ago, Angry ginger said: depends on the area, so much pent up need for homes in the area i cover that those will be absorbed. but in places where you can build a lot of new houses maybe not so much as who wants a 60's 70's ranch over a newer home. These hedgefunds buying up single family homes might also have regional impact. Quote Link to comment Share on other sites More sharing options...
smokin george Posted July 10, 2021 Share Posted July 10, 2021 We are 2 hrs north of Toronto in an area called Kawartha Lakes and it's gone stupid up here. Anything that goes up for sale gets snapped up pretty quick. Quote Link to comment Share on other sites More sharing options...
Woodtick Posted July 11, 2021 Share Posted July 11, 2021 On 7/9/2021 at 2:20 PM, Anler said: Why did you sell your place? I thought you loved it? He fell in love with Sidnaw bro. Quote Link to comment Share on other sites More sharing options...
Woodtick Posted July 11, 2021 Share Posted July 11, 2021 14 hours ago, Angry ginger said: depends on the area, so much pent up need for homes in the area i cover that those will be absorbed. but in places where you can build a lot of new houses maybe not so much as who wants a 60's 70's ranch over a newer home. New houses are built like shit. 60 and 70s all brick ranch sell fast in this area. People are realizing they don’t need a big empty house. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted July 11, 2021 Platinum Contributing Member Share Posted July 11, 2021 (edited) Anything hitting the market here is gone immediately for over asking asking price unless it’s a wreck and even some of those are moving. As for the OP that does sound somewhat ominous. Edited July 11, 2021 by Jimmy Snacks Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 11, 2021 Platinum Contributing Member Share Posted July 11, 2021 2 minutes ago, Jimmy Snacks said: Anything hitting the market here is gone immediately for over asking asking price unless it’s a wreck and even some of those are moving. As for the OP that does sound somewhat ominous. Same here. You dont see " for sale " signs you see either " pending" or " under contract" Quote Link to comment Share on other sites More sharing options...
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