Fundamentals are useful in evaluating real estate markets. In 2008, anyone with a working pulse could tell that a housing market crash was around the corner. This was because lending standards had been a joke for about six years at that point and any retard could get a loan. Many retards were getting adjustable-rate loans with no proof of income - there were stories of college students buying seven houses and "flipping." Absolutely none of this is happening today. The reason housing prices are up is because there is not nearly enough new housing supply built over the past twenty years to accommodate the population. Further, more rural areas were wildly underpriced for years and people figured that out as their desire to flee the urban and liberal zones become more acute. Finally, the ability to work for an urban salary remotely ended the only drawback to moving way from the urban cores.
The only housing markets at risk are the urban ones, which completely collapsed in 2020 and are mostly being propped up through shenanigans. Commercial real estate, retail in particular, is also collapsing in these areas. Residential housing is doing just fine and will continue to do so in most areas.
I think they just rehash this article every 6 months for the last 8 years and hope that it sticks so they can be the one who said...'i told you so'... housing prices will come down if they raise the interest rates because there will be less buyers, .. which is normal... supply and demand
Rather than learn its lesson from the 2008 crash, the Fed doubled down on this failed strategy, and then tripled down during the Covid-19 response. Congress and the White House were all too willing to cheer the Fed on, since lower interest rates have helped them expand government programs without begging foreign governments to finance U.S. debt.
What a garbage article; the author assumes incompetence and completely ignores even the possibility of (((malice))).
This time the crash will turn into class war. Expecting price and wage controls, outlandish tax hikes, moar money printing. The middle class, whats left of it is going to get fucked. The elite already own everything and everyone. The bottom 1/2 are too stupid too easily manipulated into assisting the elite. Weimar collapse on a global scale.
I nearly did this in 2007. Hindsight is 20/20. But, your primary residence isnt an investment, its a roof over your head. In 2007, i instead borrowed my 401k against myself, reduced exposure to USD based stocks and avoided ~25% loss. All while paying myself 8% interest. In 2009, I refunded the 401K and used profits to pay off consumer debts, car, credit card, school loan. Extra profit went into PMs held offshore (offshore was a mistake)
Sounds like about where I am right now; and yeah - this is a pleasant enough house that keeps the weather off my head, and the missus likes this neighborhood mostly...
I think we're stuck here until we're not stuck here anymore. The gals seem to be in agreement over Texas, though. Chicks dig Texas, apparently. For what it's worth, in my research, I have found that Texas marinas look WAY funner than california ones... so there's that.
If you haven't already the play is to refinance the loan at the low interest rate and take cash out if you have a lot of equity. No reason to move if you like living there.
I don't really like it here that much, but she does.
I like how close we are to the marina and the beach... and our garden is very nice... but I'd like to be in less hostile territory. It seems like I just refinanced last year, but maybe it's been two years now.
[ + ] Empire_of_the_Mind
[ - ] Empire_of_the_Mind 1 point 3.3 yearsFeb 16, 2022 18:20:14 ago (+1/-0)
Fundamentals are useful in evaluating real estate markets. In 2008, anyone with a working pulse could tell that a housing market crash was around the corner. This was because lending standards had been a joke for about six years at that point and any retard could get a loan. Many retards were getting adjustable-rate loans with no proof of income - there were stories of college students buying seven houses and "flipping." Absolutely none of this is happening today. The reason housing prices are up is because there is not nearly enough new housing supply built over the past twenty years to accommodate the population. Further, more rural areas were wildly underpriced for years and people figured that out as their desire to flee the urban and liberal zones become more acute. Finally, the ability to work for an urban salary remotely ended the only drawback to moving way from the urban cores.
The only housing markets at risk are the urban ones, which completely collapsed in 2020 and are mostly being propped up through shenanigans. Commercial real estate, retail in particular, is also collapsing in these areas. Residential housing is doing just fine and will continue to do so in most areas.
[ + ] Teefinyomouf
[ - ] Teefinyomouf 0 points 3.3 yearsFeb 16, 2022 18:58:23 ago (+0/-0)
[ + ] fnbs
[ - ] fnbs 7 points 3.3 yearsFeb 16, 2022 13:53:23 ago (+7/-0)
[ + ] Deleted
[ - ] deleted 0 points 3.3 yearsFeb 16, 2022 15:04:30 ago (+0/-0)
[ + ] Splooge
[ - ] Splooge 2 points 3.3 yearsFeb 16, 2022 13:49:22 ago (+2/-0)
What a garbage article; the author assumes incompetence and completely ignores even the possibility of (((malice))).
Oh. Of course. (((Justin Haskin))).
[ + ] Special_Prosecutor
[ - ] Special_Prosecutor 1 point 3.3 yearsFeb 16, 2022 13:42:10 ago (+1/-0)
The middle class, whats left of it is going to get fucked. The elite already own everything and everyone. The bottom 1/2 are too stupid too easily manipulated into assisting the elite.
Weimar collapse on a global scale.
[ + ] mikenigger
[ - ] mikenigger 2 points 3.3 yearsFeb 16, 2022 13:04:33 ago (+2/-0)
[ + ] Spaceman84
[ - ] Spaceman84 1 point 3.3 yearsFeb 16, 2022 13:29:44 ago (+1/-0)
[ + ] lord_nougat
[ - ] lord_nougat 1 point 3.3 yearsFeb 16, 2022 13:01:31 ago (+1/-0)
[ + ] Special_Prosecutor
[ - ] Special_Prosecutor 3 points 3.3 yearsFeb 16, 2022 13:33:56 ago (+3/-0)
In 2007, i instead borrowed my 401k against myself, reduced exposure to USD based stocks and avoided ~25% loss. All while paying myself 8% interest.
In 2009, I refunded the 401K and used profits to pay off consumer debts, car, credit card, school loan.
Extra profit went into PMs held offshore (offshore was a mistake)
[ + ] lord_nougat
[ - ] lord_nougat 1 point 3.3 yearsFeb 16, 2022 13:40:50 ago (+1/-0)
I think we're stuck here until we're not stuck here anymore. The gals seem to be in agreement over Texas, though. Chicks dig Texas, apparently. For what it's worth, in my research, I have found that Texas marinas look WAY funner than california ones... so there's that.
[ + ] Empire_of_the_Mind
[ - ] Empire_of_the_Mind 0 points 3.3 yearsFeb 16, 2022 18:25:08 ago (+0/-0)
[ + ] lord_nougat
[ - ] lord_nougat 0 points 3.3 yearsFeb 16, 2022 21:56:36 ago (+0/-0)
I like how close we are to the marina and the beach... and our garden is very nice... but I'd like to be in less hostile territory. It seems like I just refinanced last year, but maybe it's been two years now.
[ + ] natehiggers
[ - ] natehiggers 0 points 3.3 yearsFeb 16, 2022 12:57:26 ago (+0/-0)