Results 15,076 to 15,100 of 27101
Thread: Real Estate Crash thread
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06-14-2021, 08:38 PM #15076
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06-14-2021, 09:30 PM #15077
musk's Hillsborough house. That is nice area.
https://www.zillow.com/homedetails/8...15534966_zpid/
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06-14-2021, 09:39 PM #15078
https://www.bendbulletin.com/localst...adc980586.html
Lots of Cali peeps moving to Central Oregon."We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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06-14-2021, 09:43 PM #15079
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06-15-2021, 06:33 AM #15080
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06-15-2021, 07:35 AM #15081
12ish percent raise in valuation for me this year, they increased the homeowner exemption 25k which helped a little. I thought it would be more honestly.
Live Free or Die
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06-15-2021, 07:46 AM #15082
Last edited by Benny Profane; 06-15-2021 at 08:32 AM.
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06-15-2021, 08:02 AM #15083
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06-15-2021, 08:06 AM #15084
It's why the Tea Party was formed and Trump was elected President. No way the banks are getting bailed out again for another forty years or more, when that memory finally recedes. And the banks know that, too, so they are hardly going anywhere near the stupid decisions made in 2005.
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06-15-2021, 09:27 AM #15085Registered User
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06-15-2021, 09:29 AM #15086
Never say no way. You never know.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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06-15-2021, 10:03 AM #15087man of ice
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06-15-2021, 10:11 AM #15088Registered User
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06-15-2021, 10:15 AM #15089
We all know the big difference between 05 and now was the 05 loans were all Fraud Doc Loans, whereas now they are all full doc. That is a big difference in the quality of the loans being made. You would need a major unemployment event to sink the real estate market. Clinton did that to Southern CA back in the day when he cut military speeding. For a Nation wide event what are we talking about? Great Depression part II? It could happen, but when?
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06-15-2021, 10:18 AM #15090
Half of America pays no income tax.
They have no clue.
They say tax the landlord not realizing it increases their rent.
You are correct however that shrub Bush split the party. His bailouts and handouts made most conservatives sit on their hands. Then bro bama shows up and does more Goldman Sachs and black rock handouts. The system is corrupt. I doubt it will ever change.
I expect more bailouts when this shit show collapses again. . .
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06-15-2021, 10:21 AM #15091
Oh, it will collapse. But, it ain't no bubble right now. Just the same old, same old, people buying high when they should be buying low, then they'll be selling low when prices drop.
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06-15-2021, 10:44 AM #15092
We just need to get on the same page so we're all buying low and selling high at the same time.
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
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06-15-2021, 10:53 AM #15093
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06-15-2021, 10:57 AM #15094
How do you define a bubble? Whenever prices rise quickly?
For the RE market, I'd define a bubble as when speculation drives prices higher than the intrinsic value of developed property. I'd also define it as when a significant portion of residential RE debt isn't supported by actual money.
What's happening now is resource competition. The largest demographic in this country is 25-35. They want their slice of the American dream: 2.5 kids, backyard fire pit, and ample sprinter parking. But after the financial crisis, new home starts plummeted leaving a massive deficit of supply. Further exacerbated by people buying up houses in destination locations to run STR businesses.
I don't know the specifics of Blackrock's RE acquisitions, but I'm assuming they're bundling them up into REITs or some other securitized products. Why? Because returns on bonds are crap. Why? Because the Fed is keeping interest rates artificially low with quantitative easing. Basically, pouring gas on a fire. If anything is unsustainable, it's that.
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06-15-2021, 11:20 AM #15095
A bubble almost always happen as assets get driven up to abnormally high values by incredibly easy money, i.e., 2005, or the stock market before 1929 with buyers using cheap loans. That is not happening now. You're just watching consumers buy high. They may very well be stuck with underwater mortgages for years when prices go back to a mean, much like many people I knew and worked with in NYC and the burbs when I and they were in their thirties. This has happened before. California, more than once before '08.
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06-15-2021, 11:27 AM #15096
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06-15-2021, 11:32 AM #15097
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06-15-2021, 11:38 AM #15098Banned
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Glad I'm locked in at 2.75% on a 30 year fixed rate mortgage.
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06-15-2021, 11:39 AM #15099
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06-15-2021, 12:06 PM #15100
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