spin_dry Posted March 30, 2022 Share Posted March 30, 2022 Might we be seeing a popping of the real estate bubble and a real deflationary cycle in housing? Thoughts? Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 30, 2022 Share Posted March 30, 2022 Just now, spin_dry said: Might we be seeing a popping of the real estate bubble and a real deflationary cycle in housing? Thoughts? I hope so Quote Link to comment Share on other sites More sharing options...
snoughnut Posted March 30, 2022 Share Posted March 30, 2022 9 minutes ago, spin_dry said: Might we be seeing a popping of the real estate bubble and a real deflationary cycle in housing? Thoughts? Perhaps but it won’t be anything like 2008 Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted March 30, 2022 Gold Member Share Posted March 30, 2022 It’ll slow down with the rate hikes this year but I doubt it’s crashing anytime soon. Still hardly anything listed in my town or surrounding towns and if it’s decent and “affordable” it’s gone fast. Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted March 30, 2022 Share Posted March 30, 2022 When or if the housing market crashes, I'm sure there will be plenty of cheques sent out to keep people where they are at. Quote Link to comment Share on other sites More sharing options...
Big Crappie Posted March 30, 2022 Share Posted March 30, 2022 I've been wrong about damn near everything economy related the last 3 years so I'm going with......................fuck if I know just to be safe. LOL 3 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 30, 2022 Share Posted March 30, 2022 I think real estate might stay fairly strong for the foreseeable future. Unbelievably, the economy is not really doing that bad. Unemployment is fairly low. The stock market tanked about 17% in the last couple months, but is coming back. I think if and when this UKRAINE situation is resolved, at least the nuclear threat diminished, the economy will keep on truckin'. But who knows what could happen, in this country. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 30, 2022 Platinum Contributing Member Share Posted March 30, 2022 Where does personal debt stand? 3 ingridiants of a recessiopn are an overinflated housing market high energy costs exploding personal debt. That being said , this time around there were far less dead beats buying homes. The inventory just wasnt there. Quote Link to comment Share on other sites More sharing options...
Edmo Posted March 30, 2022 Share Posted March 30, 2022 There’s huge demand right now and low inventory still. Those foreclosures will get scooped right up. 1 Quote Link to comment Share on other sites More sharing options...
Snake Posted March 30, 2022 Share Posted March 30, 2022 My debt involves 1 credit card we use through the month, then paid at the end of the month. And a $335 lease. Bring on the crash and the flood of cheap land! 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted March 30, 2022 Share Posted March 30, 2022 49 minutes ago, steve from amherst said: Where does personal debt stand? 3 ingridiants of a recessiopn are an overinflated housing market high energy costs exploding personal debt. That being said , this time around there were far less dead beats buying homes. The inventory just wasnt there. Well we have a trifecta! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 30, 2022 Platinum Contributing Member Share Posted March 30, 2022 10 minutes ago, Anler said: Well we have a trifecta! we do Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 30, 2022 Share Posted March 30, 2022 Personal debt levels are insane. Chickens eventually come home to roost... always. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 30, 2022 Share Posted March 30, 2022 I heard Bitcoin was the best option…..lol Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted March 30, 2022 Share Posted March 30, 2022 it can do what ever it wants, my mortage is paid in Sept, next time I move I will be covered with a sheet 2 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted March 30, 2022 Share Posted March 30, 2022 9 hours ago, Polaris 550 said: I think real estate might stay fairly strong for the foreseeable future. Unbelievably, the economy is not really doing that bad. Unemployment is fairly low. The stock market tanked about 17% in the last couple months, but is coming back. I think if and when this UKRAINE situation is resolved, at least the nuclear threat diminished, the economy will keep on truckin'. But who knows what could happen, in this country. For such a baller like yourself, I would have figured you would know how much the dow has lost and your 17% figure is almost doubled reality. Go back to your bag of dicks and stay in your lane. 2 Quote Link to comment Share on other sites More sharing options...
dirtybeacher Posted March 30, 2022 Share Posted March 30, 2022 Better not, I’m a private lender Quote Link to comment Share on other sites More sharing options...
Anler Posted March 30, 2022 Share Posted March 30, 2022 57 minutes ago, Mainecat said: I heard Bitcoin was the best option…..lol Bitcoin is going up, dollar is going down! Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted March 30, 2022 Share Posted March 30, 2022 around here the real estate people are sitting around doing nothing. literally not one available home. nothing. we are 100 miles above nyc, and they came in droves. bought every last piece of shit there was. now making them in to mansions. guy from jersey bought a cat shit infested rat on my road for 65k. it was originally at auction, started at 5k and no bids. boy did times change Quote Link to comment Share on other sites More sharing options...
smokin george Posted March 30, 2022 Share Posted March 30, 2022 Real estate in our area doesn't stay long on the market and even the shitholes are selling. A developer bought some waterfront on a nearby lake and sofar 4 out of the 6 homes/cottages have sold for $4.5 +mil each. Seems like there's no shortage of money for some. I'm listing my house with 2.2 acres for $799,900 and testing the market. Quote Link to comment Share on other sites More sharing options...
Anler Posted March 30, 2022 Share Posted March 30, 2022 The housing market has been insane and you can chalk it up to the same things that lead to the last crash. With hyper inflation and food shortages looming alot of things are going to get wrecked. Also the fed wants to raise interest up to 2 points in the next year. If the economy crashes we can blame ourselves. 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted March 30, 2022 Share Posted March 30, 2022 LOL foreclosures are significanly insignificant and anyone being foreclosed on owns a complete POS or is a complete fucktard given most markets selling in minutes and these people having had their homes for over 2 years with a 10+% appreciation per year. Quote Link to comment Share on other sites More sharing options...
USA Contributing Member $poorsledder$ Posted March 30, 2022 USA Contributing Member Share Posted March 30, 2022 Putting up housing around the block from me. Company has trail cams and fencing around all the materials. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted March 30, 2022 Share Posted March 30, 2022 17 minutes ago, sleepybrew said: around here the real estate people are sitting around doing nothing. literally not one available home. nothing. we are 100 miles above nyc, and they came in droves. bought every last piece of shit there was. now making them in to mansions. guy from jersey bought a cat shit infested rat on my road for 65k. it was originally at auction, started at 5k and no bids. boy did times change TBH this is the overall worst market i have ever seen. I do mortgage lending and have done so for 30 years, with rates high there are no refinances, with no inventory no purchases. 1/5 the normal amount of homes for sale in my market right now. March/April is when we start seeing inventory come on and it's trickling but buyers are getting pissed and starting to say fuck it we are not going to bother. now they will change their mind if there is inventory but it's awful. i'll lose money Q1 and looking at pipline Q2 this year. Quote Link to comment Share on other sites More sharing options...
Anler Posted March 30, 2022 Share Posted March 30, 2022 3 minutes ago, Angry ginger said: LOL foreclosures are significanly insignificant and anyone being foreclosed on owns a complete POS or is a complete fucktard given most markets selling in minutes and these people having had their homes for over 2 years with a 10+% appreciation per year. We should quote this swamp banker and circle back in one year... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.