Money & Economics

Its all good.. Golden Age

 
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bigredfish said:
They may be able to artificially keep the markets up through Trumps term, (debt crisis probably won’t hit until he’s gone and he knows it) but I don’t see how the housing bubble lasts that long

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That MFer has my exact name!

Real estate price collapse has only occurred once in a hundred years. Prices tend to be sticky, with low sales volume until inflation finally eats away at the inflated prices. What would cause the bubble to burst, because it would have to be something fundamentally unsound like high-risk loans being bundled in with AAA rated debt. That should have been fixed following the last housing crisis.
 
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redpoint5 said:
That MFer has my exact name!

Real estate price collapse has only occurred once in a hundred years. Prices tend to be sticky, with low sales volume until inflation finally eats away at the inflated prices. What would cause the bubble to burst, because it would have to be something fundamentally unsound like high-risk loans being bundled in with AAA rated debt. That should have been fixed following the last housing crisis.
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Location has a lot to do with it.
In FL we’re already seeing prices drop significantly.

I suppose home prices can keep going up forever, but I kinda doubt it. Between inflation at 4+% (and real inflation closer to 8%) , combined with wage growth bottoming out, you’re seeing the top 1-10% buying generally speaking. They will always be, but the bottom 90% is tapped out
 
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Jobs 1/2 of expected

 
About that unemployment rate :rofl:

The numbers are always fake ..


 
johnfitz said:
That SOB!!! The nerve!!! Seriously, back when they had telephone books in NYC, my name took up 2 pages. :lol:
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There was a kid with my same name in junior college who had the same weight lifting class as me, but at a different time. I grabbed his chart one morning because it had the same sloppy handwriting as me, with my name on it, only the weights weren't right...

I later found out he was the first one arrested from his classroom when they were looking for me. It was like an accidental SWATting on the wrong guy. LOL, I can just hear the conversation now, "are you so-and-so", -"yes", -"you are under arrest". I feel bad for the guy and wonder how long it took for them to realize they had the person?

bigredfish said:
Location has a lot to do with it.
In FL we’re already seeing prices drop significantly.

I suppose home prices can keep going up forever, but I kinda doubt it. Between inflation at 4+% (and real inflation closer to 8%) , combined with wage growth bottoming out, you’re seeing the top 1-10% buying generally speaking. They will always be, but the bottom 90% is tapped out
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Good point. My house value is flat. Lucky for me I bought at the recent low point and carried PMI on the mortgage. Did a refi when rates bottomed out and was able to drop the PMI since equity rose more than 20% of the loan value. I thought prices were absolutely insane then and we were at the top end of what banks would lend us.
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... been messing around asking AI questions about resort property options. Seems those prices are even stickier since as you point out, the top 10% can still spend the money. Was hoping there was some market timing to buy in lower than where prices are now. You can refi the interest rate, but you cannot refi the principal.
 
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