Liberal Forum

houses on the market for over 30 days sell. after sellers reduced prices by over 20%. this trend will increase in 2024. what went up is starting to go down. in 2024 interest rates will start to accelerate. much faster than 2023. by the end of 2024 home loans will go over 10%. home prices will crash (as much as 50%). some people will get out now. put money in short term money markets and see 9% money market interest by 4th july 2024. which is your choice? massive home value loss vs collecting coming 9% money markets? there will be a massive shortage of rentals. so, expect to pay high rent. land lords will be very picky. so avoid foreclosures. bad credit? you go to slum. on the way, pick up your welfare check.

walkingstick » 25 Sep 2023, 1:31 pm » wrote: ↑

25 Sep 2023, 1:31 pm

houses on the market for over 30 days sell. after sellers reduced prices by over 20%. this trend will increase in 2024. what went up is starting to go down. in 2024 interest rates will start to accelerate. much faster than 2023. by the end of 2024 home loans will go over 10%. home prices will crash (as much as 50%). some people will get out now. put money in short term money markets and see 9% money market interest by 4th july 2024. which is your choice? massive home value loss vs collecting coming 9% money markets? there will be a massive shortage of rentals. so, expect to pay high rent. land lords will be very picky. so avoid foreclosures. bad credit? you go to slum. on the way, pick up your welfare check.

We are renting now. We are just waiting for the crash, then we will buy. It's stupid to buy homes now. 

walkingstick » 25 Sep 2023, 1:31 pm » wrote: ↑

25 Sep 2023, 1:31 pm

houses on the market for over 30 days sell. after sellers reduced prices by over 20%. this trend will increase in 2024. what went up is starting to go down. in 2024 interest rates will start to accelerate. much faster than 2023. by the end of 2024 home loans will go over 10%. home prices will crash (as much as 50%). some people will get out now. put money in short term money markets and see 9% money market interest by 4th july 2024. which is your choice? massive home value loss vs collecting coming 9% money markets? there will be a massive shortage of rentals. so, expect to pay high rent. land lords will be very picky. so avoid foreclosures. bad credit? you go to slum. on the way, pick up your welfare check.

Well, I would choose 9% money market interest.  I don't rightly care if my house value goes all the way down to $23.95.  I ain't moving. So it means nothing to me.  But, if money markets hit 9%, then I can get some decent muni bonds and AAA corporate bonds around 12%.  I might just take that deal and ride that interest rate wave for a few years.

Oh, one other thing, if the housing market crashes, and I mean REALLY crashes, I'm buying up all the 1,500 - 2,000 sf older homes in good neighborhoods I can find.  I'll give one to each of my kids.  I can only imagine being able to pay $82K for a house again!!!
 
 
 

Vegas » 25 Sep 2023, 1:46 pm » wrote: ↑

25 Sep 2023, 1:46 pm

We are renting now. We are just waiting for the crash, then we will buy. It's stupid to buy homes now.

GREAT!  plan on massive interest rate increases. stay short term on cd's. keep rolling over 6 month cd's. as you probably are aware, big chance many banks will fail. and there is not enough money in the gov insurance to cover a fraction of the amount of depositors funds. so look for quality banks. i would recommend us bank. look at their cd's. as for municipal bonds. forget them. cities and states way over their heads in debt. these debts will cause city and states to shut down services. as for the federal gov, they will do anything to keep the checks rolling in for congress.

walkingstick » 25 Sep 2023, 2:02 pm » wrote: ↑

25 Sep 2023, 2:02 pm

GREAT!  plan on massive interest rate increases. stay short term on cd's. keep rolling over 6 month cd's. as you probably are aware, big chance many banks will fail. and there is not enough money in the gov insurance to cover a fraction of the amount of depositors funds. so look for quality banks. i would recommend us bank. look at their cd's. as for municipal bonds. forget them. cities and states way over their heads in debt. these debts will cause city and states to shut down services. as for the federal gov, they will do anything to keep the checks rolling in for congress.

When cities and states shut down services:

• They save lots of tax-payer money
• They fire worthless government workers
• They don't bother productive residence with unnecessary rules and regulations
• People are more free
• Life is better
• Government workers go to work picking tomatoes, and processing corn into sugar and liquor.

Skans » 25 Sep 2023, 1:59 pm » wrote: ↑

25 Sep 2023, 1:59 pm

Well, I would choose 9% money market interest.  I don't rightly care if my house value goes all the way down to $23.95.  I ain't moving. So it means nothing to me.  But, if money markets hit 9%, then I can get some decent muni bonds and AAA corporate bonds around 12%.  I might just take that deal and ride that interest rate wave for a few years.

Oh, one other thing, if the housing market crashes, and I mean REALLY crashes, I'm buying up all the 1,500 - 2,000 sf older homes in good neighborhoods I can find.  I'll give one to each of my kids.  I can only imagine being able to pay $82K for a house again!!!

advice on bonds. avoid for now. when Canadian AA+ government 30 year bonds hit a 50% market discount. and the loonie is at 58 to the usa dollar. buy! down the road they will gain back their issue value. giving you a handsome
gain, and the loonie will climb to par with the usa dollar, giving you more gains. and you get a nice interest checks from the Canadian government as you wait, to get more filthy rich.  as for stocks. they are high. will go down. death of biden could trigger a short term crash. why gamble with stocks when short term debt is out there?

Skans » 25 Sep 2023, 1:59 pm » wrote: ↑

25 Sep 2023, 1:59 pm

Well, I would choose 9% money market interest.  I don't rightly care if my house value goes all the way down to $23.95.  I ain't moving. So it means nothing to me.  But, if money markets hit 9%, then I can get some decent muni bonds and AAA corporate bonds around 12%.  I might just take that deal and ride that interest rate wave for a few years.

Oh, one other thing, if the housing market crashes, and I mean REALLY crashes, I'm buying up all the 1,500 - 2,000 sf older homes in good neighborhoods I can find.  I'll give one to each of my kids.  I can only imagine being able to pay $82K for a house again!!!

well mine went up! I'm furious!
My tax bill went up 600 bucks in a  one year! horrific?
I  opened up the bill and fainted!
This week I have to pay it!
mad!!!!!
I went up and complained  at the town office?
the woman who runs the things.. told me?
the covid arss holes  from Mass- HOLES
bought up homes-  Paid 3 times the home values to HIDE from the covid!
-LOL skairt - out of stators clown!
the town  re evaluates  -----  values and here i am!!
 

walkingstick » 25 Sep 2023, 2:14 pm » wrote: ↑

25 Sep 2023, 2:14 pm

advice on bonds. avoid for now. when Canadian AA+ government 30 year bonds hit a 50% market discount. and the loonie is at 58 to the usa dollar. buy! down the road they will gain back their issue value. giving you a handsome
gain, and the loonie will climb to par with the usa dollar, giving you more gains. and you get a nice interest checks from the Canadian government as you wait, to get more filthy rich.  as for stocks. they are high. will go down. death of biden could trigger a short term crash. why gamble with stocks when short term debt is out there?

That actually makes a lot of sense and deserves looking into!
 

sootedupCyndi » 25 Sep 2023, 2:24 pm » wrote: ↑

25 Sep 2023, 2:24 pm

well mine went up! I'm furious!
My tax bill went up 600 bucks in a  one year! horrific?
I  opened up the bill and fainted!
This week I have to pay it!
mad!!!!!
I went up and complained  at the town office?
the woman who runs the things.. told me?
the covid arss holes  from Mass- HOLES
bought up homes-  Paid 3 times the home values to HIDE from the covid!
-LOL skairt - out of stators clown!
the town  re evaluates  -----  values and here i am!!

Don't y'all have some kind of cap to save the homes for long time residents?
 

sootedupCyndi » 25 Sep 2023, 2:24 pm » wrote: ↑

25 Sep 2023, 2:24 pm

well mine went up! I'm furious!
My tax bill went up 600 bucks in a  one year! horrific?
I  opened up the bill and fainted!
This week I have to pay it!
mad!!!!!
I went up and complained  at the town office?
the woman who runs the things.. told me?
the covid arss holes  from Mass- HOLES
bought up homes-  Paid 3 times the home values to HIDE from the covid!
-LOL skairt - out of stators clown!
the town  re evaluates  -----  values and here i am!!

in the state of washington, when you are a senior citizen, and make under $45,000.00 in 2024, you can apply for a senior property tax reduction, which should amount to +/- $500.00 year in the state of washington. the state has no income tax. but a sales tax. but being a senior, what's to buy, that you no longer need? you have no debt. good car. and low electric cost in the state of washington. this mean you  have no problem holding your "income" to under $45,000.00 a year. and for more money, just reduce your millions in your checking account.  except for seattle and the surrounding area, washington is great place to live. local governments to dumb to cause you any problem. (MOST USA SENIOR COUPLES MADE MORE THAN $45,000.00 FROM SOCIAL SECURITY AND WILL NOT QUALIFY)