Posted on 01/12/2023 8:07:54 AM PST by Kaiser8408a
No one is going to do anything about any of this. Adapt and learn to live with it.
Weeee!…
President Sniffer appointed people who would destroy the country. As long as Democrats run DC the country will be a hellhole. We can’t make Biden’s thugs resign... and if we could he’d replace them with worse.
I have some of that stuff...................
Not true. We don’t know what the future holds but we can take action today to reduce the impact of a bad outcome.
Selling a house now with the goal of getting rid of a mortgage makes the future more certain, or at least less risky.
The guy behind me bought his 15 acres at an auction a few months ago. He’s a logger so I gave him my number to see if he wanted to sell after he logged it. That’s how I got 20 of my acres here. I paid $2k per acre for some nice land with a couple of streams and a perfect spot for a new home.
But this guy seemed to really pay a lot for those 15 acres. I figured I could get it for $1-1.5k per acre because none of it is buildable (not enough flat area). Well, he called me a week ago and as interested in selling with the caveat that he would come in and log specific trees in about a year. I told him I was interested. He said he’d shoot me a price, which he did yesterday.
He wants $5k per acre. I politely declined.
Lay out your analysis. I'd like to hear your viewpoint. Seriously. I may be overlooking something.
That babbling old fool needs to go to prison.
Biden and Congress are litterally destroying the US.
History doesn’t repeat, but it does rhyme.
We aren’t going to see a perfect repeat of 2007 and the mortgage collapse and the recession that followed. But, one way or another, I think we will see a huge collapse. I’m sure some folks grasp the essentials already and are positioned to make money off it (as in “The Big Short” movie) but I’m just trying to sit tight and avoid vulnerabilities while I wait for a tsunami to show up somewhere.
Agreed. Lot’s to consider.
I don’t have some complicated analysis. It’s simple. deleveraging removes risk.
Renting or owning something outright is better than not being able to pay the mortgage when you lose your job.
So if your mtg is $1500 and rent will be $2000 how does that help?
“No one is going to do anything about any of this. Adapt and learn to live with it.”
You missed McCarthy’s morning press conference.
“Biden and Congress are litterally destroying the US.”
The House has a new leader. Not all is lost.
The most obvious but overlooked question by many.
Remember when everyone was screaming the housing prices where unsustainable, way too high, etc.? That’s all coming back down to earth now, which is great news. That’s how inflation gets reduced and interest rates can start coming down sometime later this year without pushing inflation up.
The Black Swan is energy. It can still upset the apple cart due to lack of excess capacity to produce enough oil/gas to keep prices from taking off again. Demand is expected to rise by 5.3mm barrels a day this year and production will have to rise that much to keep prices where they are. I don’t see how production can be raised that fast given the lack of investment required before production can happen.
Also, the number of newly listed homes coming down is a sign that homeowners aren’t pressed to sell, they are happy to wait for the next expansion.
I’ll be looking to buy everything in sight if I see for sale signs everywhere I go. But that’s not happening.
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