Crnr2Crnr Posted August 27, 2021 Share Posted August 27, 2021 https://www.cnbc.com/2021/08/27/housing-price-bubble-will-wipe-out-wealth-peter-boockvar-warns.html Why just stop the conversation with homes? We're in a FUCKING EVERYTHING bubble. If you have any big ticket items you really don't need or more importantly can't afford if you or your significant other loses their job, sell it. Ok, back to your covid, Afghanistan Biden bashing threads. Quote Link to comment Share on other sites More sharing options...
Sled_Hed Posted August 27, 2021 Share Posted August 27, 2021 3 minutes ago, Crnr2Crnr said: https://www.cnbc.com/2021/08/27/housing-price-bubble-will-wipe-out-wealth-peter-boockvar-warns.html Why just stop the conversation with homes? We're in a FUCKING EVERYTHING bubble. If you have any big ticket items you really don't need or more importantly can't afford if you or your significant other loses their job, sell it. Ok, back to your covid, Afghanistan Biden bashing threads. Get the F out of here with your common sense posts.... But yes, it's definitely a bubble for everything right now Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 27, 2021 Share Posted August 27, 2021 Yep. Without a doubt. Vehicles will start to be returned to banks and dealerships this time too. I’m patiently just biding my time. 4 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 27, 2021 Author Share Posted August 27, 2021 Just now, Zambroski said: Yep. Without a doubt. Vehicles will start to be returned to banks and dealerships this time too. I’m patiently just biding my time. Repossessions are on the rise, but not being discussed much. I for one enjoy a good buyers market, which isn't right now. Need to replace the old Tayhoe and possibly pick up a newer sled. Life is good with no debt. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted August 27, 2021 Platinum Contributing Member Share Posted August 27, 2021 (edited) 17 minutes ago, Crnr2Crnr said: https://www.cnbc.com/2021/08/27/housing-price-bubble-will-wipe-out-wealth-peter-boockvar-warns.html Why just stop the conversation with homes? We're in a FUCKING EVERYTHING bubble. If you have any big ticket items you really don't need or more importantly can't afford if you or your significant other loses their job, sell it. Ok, back to your covid, Afghanistan Biden bashing threads. Wow, that's a fucking brilliant piece of advice. Tell us more Milton! Edited August 27, 2021 by Highmark Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted August 27, 2021 Share Posted August 27, 2021 Last weekend I sold my son's first 50cc quad which is 18 years old. Got $1000 in cash from the first guy who looked at it and had 25 calls/emails in less than 24 hours. Crazy. 1 2 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 27, 2021 Share Posted August 27, 2021 I sold a seadoo Gti 4 stroke...we bought it for 4k ran it for 2 years and sold it for $4500.00. 1 1 Quote Link to comment Share on other sites More sharing options...
Jerry 976 Posted August 27, 2021 Share Posted August 27, 2021 House, car, truck, snowmobile, lumber....etc 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 27, 2021 Author Share Posted August 27, 2021 20 minutes ago, Jerry 976 said: House, car, truck, snowmobile, lumber....etc Credit: When you got to have it RFN Quote Link to comment Share on other sites More sharing options...
CFM Posted August 27, 2021 Share Posted August 27, 2021 (edited) 1 hour ago, SkisNH said: I sold a seadoo Gti 4 stroke...we bought it for 4k ran it for 2 years and sold it for $4500.00. How about your place ? Ours almost doubled. Unfortunately the tax appraisal went up over 2/3’s .Uggghhh Edited August 27, 2021 by CFM Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 27, 2021 Author Share Posted August 27, 2021 47 minutes ago, Highmark said: Wow, that's a fucking brilliant piece of advice. Tell us more Milton! In an overextended society that lives payment to payment and paycheck to paycheck? Go suck on a lemon 🍋 Quote Link to comment Share on other sites More sharing options...
CFM Posted August 27, 2021 Share Posted August 27, 2021 (edited) Look what 1.3mil buys you here now. Nutz ! About 1 mile down the street from me. Yup, dirt rd. Lol https://www.zillow.com/homedetails/5-Fir-Tree-Ln-Moultonboro-NH-03254/92819465_zpid/? Edited August 27, 2021 by CFM Quote Link to comment Share on other sites More sharing options...
BadaBing444 Posted August 27, 2021 Share Posted August 27, 2021 they keep saying it's going to happen, but I keep seeing people buying like crazy! Try to go find a new truck, sled, atv, boat, etc. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 27, 2021 Share Posted August 27, 2021 all are being pushed by lack of inventory. housing inventory in many places can't improve much but certainly cars and toys at some point can but will the manufacturers keep them constrained artificially to keep prices up will be the question. there are still deals to be found in the used market from time to time, i overpaid for my wheeler but IMO not for my sled. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 27, 2021 Share Posted August 27, 2021 (edited) 34 minutes ago, CFM said: How about your place ? Ours almost doubled. Unfortunately the tax appraisal went up over a third. Uggghhh I tried to get my wife to sell...she wasn't having any part of it. We own a Rental on a back lot with dock rights. I told her we could move in there. I see a lot of pain as the OP stated. Houses on my lake went nuts. Edited August 27, 2021 by SkisNH 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 27, 2021 Share Posted August 27, 2021 34 minutes ago, CFM said: How about your place ? Ours almost doubled. Unfortunately the tax appraisal went up over a third. Uggghhh who cares, keep town spending down and appraisal is really meaningless as mill rate should go down by the same. Quote Link to comment Share on other sites More sharing options...
Deephaven Posted August 27, 2021 Share Posted August 27, 2021 28 minutes ago, CFM said: Look what 1.3mil buys you here now. Nutz ! About 1 mile down the street from me. Yup, dirt rd. Lol https://www.zillow.com/homedetails/5-Fir-Tree-Ln-Moultonboro-NH-03254/92819465_zpid/? Only two lake places near me right now are 9.95M and 15M. Shit has gotten nuts. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted August 27, 2021 Platinum Contributing Member Share Posted August 27, 2021 1 hour ago, Crnr2Crnr said: In an overextended society that lives payment to payment and paycheck to paycheck? Go suck on a lemon 🍋 Really.....another brilliant observation. Quote Link to comment Share on other sites More sharing options...
snatchslayer Posted August 27, 2021 Share Posted August 27, 2021 I'm glad I bought everything before this shit Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted August 27, 2021 Share Posted August 27, 2021 So I got rid of the mini Z skidoo snowmobile and the quad for $2500. I am thinking of just buying a new quad as the prices have not changed that much on the new stuff. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted August 27, 2021 Share Posted August 27, 2021 This is a debt bubble. The economy relies on debt for growth. The question is, how long can they maintain this charade, and how hard will it crash when it inevitably falls apart? We're due for another recession... Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 27, 2021 Share Posted August 27, 2021 24 minutes ago, motonoggin said: This is a debt bubble. The economy relies on debt for growth. The question is, how long can they maintain this charade, and how hard will it crash when it inevitably falls apart? We're due for another recession... Then another cycle of prosperity...it's the way of the world since the Federal reserve Bank. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted August 27, 2021 Share Posted August 27, 2021 19 minutes ago, SkisNH said: Then another cycle of prosperity...it's the way of the world since the Federal reserve Bank. Eventually the bust will be big enough that it won't be followed by a boom. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted August 27, 2021 Share Posted August 27, 2021 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 27, 2021 Share Posted August 27, 2021 (edited) Yet people's net worth continues to rise...every time the market goes down, it comes back to a new high...every fucking time. Have you ever thought to try swimming down stream instead of up? Try working hard, showing initiative, getting a raise, by a home, invest 15% of your earnings into the market. Stay out of debt.....if you do those things you will retire a millionaire with dignity. It works, try it. Look at this for a place to start. https://www.ramseysolutions.com/retirement/the-national-study-of-millionaires-research Edited August 27, 2021 by SkisNH 1 Quote Link to comment Share on other sites More sharing options...
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