Posted on 08/14/2019 10:13:59 AM PDT by SeekAndFind
Search the news for Mortgage debt is back at 2008 levels. I see people getting home loans who should not be getting home loans now.
Example: One person has declared bankruptcy and use his daughter to get his last car loan. He took out two loans to purchase a house this year. Both approve.
Condos are going for extreme high prices 400K to 1M downtown, with people from up north investing in them as rental property. The average income around here is $31K. A lot of the condos are empty.
Friends and I have been wondering if we have a property bubble here. We are comparing this area to the 2008 bubble.
The house has double in value since 2008. To good to be true. Good thing I do not believe in equity loans... Beans and rice here...
New car sales are down, because of the price increases. The car inventory is growing.
Is that in California?
South Carolina
South Carolina, The debate here is the retired people moving here from up north driving home cost up?
RE: Someone is starting those rumors to cause a sell off so they can buy cheap.
Well, if this is true, it is just a temporary downward blip. That is a big IF right there.
Oh no, the sky is falling!
The sky is falling isn’t it. Perhaps AnalPundit has something to say about that right?
Isn’t that self-explanatory? “:^)
Hard assets. I wouldn’t trust a market anymore, that can be so eaisly manipulated.
That’s similar to what’s happened in California. In our case it’s been foreign national buyers driving real estate prices beyond what Americans can afford on their incomes.
But both cases are local and it’s unlikely that the buyers will default. In fact they may not even have mortgages. A lot of Chinese buyers in California have made full cash purchases.
Consult with a professional on a fee only basis. Commission based advisors will sell you you everything under the sun to boost their commission.
Depeneding on the amount you have to invest you might consider a managed acct such as the larger Investment firms have (Fidelity, Vanguard etc) they will tailor an investment portfolio to fit your needs and comfort level.
To explore this option is free and takes only a phone call.
ex-Texan is another that I remember.
here’s part of Hydroshock’s old ping list:
Calpernia; cbkaty; Nervous Tick; ex-Texan; RockinRight; NVDave; Neidermeyer; abbi_normal_2
Agree! I’m believing this to be entirely political to damage this administration and to once again take any success or good news out of the news cycle. Elections are that important to the D’s.
This is a fantastic opportunity to buy some truly solid companies at bargain prices. I went shopping a short time ago. ;-)
Rush talked today about the Dems hoping for a recession. They needed it to kill Trump’s job progress. He played a clip where the word “recession” was repeatedly in the narrative. Why did this subject come up if they were not on to something? A self-fulfilling prophecy?
Not just Buffett, I’ll be looking for bargains too if we can get another 5-10% drop before weeks end. But today is not exactly a “crash” or “plunge” despite the headlines.
This forum is poorer for their absence
“Rush says don’t participate.”
Just repeat that mantra daily and you won’t get laid off during a recession. /s” Then by all means participate. The difference between then and now is now we have a president who will fight for us not think it was not presidential to get involved.
Right. So why hasn’t anyone from the Admin spun it this way (or have they):
“I’d be buying our UST10s too if European bonds are below zero. That’s what you’re seeing here - our rates are stable or going up, and Europe’s are negative.”
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