Housing market

[BABMusic]

BTW the bubble you are talking about happened due to predatory lending practices which allowed for non qualified buyers to get access to money they shouldn’t have. Not low rates.

Somewhat true, but that's not totally correct. The temporary low rates and nothing down mortgages were the only reason those people could afford to "buy" the home. If those low rates were not there, there would be no way they could make the monthly payment. No one forced them to buy it, so we should not act like those people have no choice but to sign up for a mortgage that would later jump up to a higher rate.

What also happened was that this created a "shortage" of homes for sale because people were able to afford more home than they normally could. People could get a loan on a $600,000 home because there was a low rate and nothing down. What happens when there's a "shortage" of homes? Prices go up. No one wanted to sell because they assumed their homes would keep rising. It worked until didn't.

Right now, there's lots of people who are stuck because they don't want to give up their 2-3% rate. They couldn't afford their own home with a 7% rate. That's what's driving the shortage right now. It will all correct, eventually.

 

[BABMusic]

but I will do fine either way.

You are well positioned in gold and silver, so yes, you will be fine.

 

[Laputan Machine]

Bailing out these criminal bankers was one of the biggest mistakes our gobernment ever made. And one of the reasons we can't raise rates.

You can't tell me the politicians that made this possible didn't know what the banks would do and the outcome (and bailouts). Biggest looting operation in the history of mankind.

Biggest black pill is payments on the interest for the federal debt is projected to be larger than total tax revenue by 2034. The only thing that can be done is continued hyperinflation (asides from slashing spending and regulations by draconian measures and that'll never happen.)

 

[Geo]

 

[Robostyle]

Surely this is all a big WokeMerican hoax!
Can't these fools see the Dow? The economy has never been better.

How much US real estate do you own?

 

[Robostyle]

Yes, we all know you're a racist. No need to tell us again, POS.

You supported RGX calling Picasso the n-word.
Whatever happened there?

 

[JDs Couch]

You supported RGX calling Picasso the n-word.
Whatever happened there?

I did? When?

 

[VonBonfire]

You supported RGX calling Picasso the n-word.
Whatever happened there?

He's the typical liberal "not-racist" racist when it's just him and his lily white clown makeup friends.

 

[VonBonfire]

I did? When?

Typical selective memory. You fully defended him.

 

[JDs Couch]

Typical selective memory. You fully defended him.

No I didn't, liar.

 

[JDs Couch]

Typical selective memory. You fully defended him.

Lying is a Sin, VB....

 

[VonBonfire]

Lying is a Sin, VB....

So is discriminating against a person based on their race.

 

[JDs Couch]

So is discriminating against a person based on their race.

Agreed, sinner.

 

[VonBonfire]

Agreed, sinner.

You said it was "not cool" then played the "whataboutism" as defense for the one lefty friend you had here even though his behavior continued, and resulted in his ban. If you were a true liberal you would've canceled him yourself.

 

[BABMusic]

woah, this thread took an unexpecte detour.

 

[rsm]

c'mon man, we know whatever libtards believe and feel in the moment is all that matters; not truth, facts or reality.

that's why they want crazy biological men in women's locker rooms, bathrooms, and sports.

 

[JDs Couch]

You said it was "not cool" then played the "whataboutism" as defense for the one lefty friend you had here even though his behavior continued, and resulted in his ban. If you were a true liberal you would've canceled him yourself.

Try that again in English.

 

[VonBonfire]

Try that again in English.

No habla.

 

[rsm]

I've been sitting on cash for the next crash since buying into the last one (April-2025).

Also watching real estate in a few areas, some where the prices are going down fast.

If the next big market correction or crash doesn't happen in or by 2028, I may use some of the cash for real estate if the prices are down; whichever looks good in the next 2 years.

at least I'm earning some interest on cash; though it's down to 3.5% now, from over 4%; I see it as a cost for having cash.

 

[JDs Couch]