Liberal Forum

sootedupCyndi » 02 Oct 2023, 12:53 pm » wrote: ↑

02 Oct 2023, 12:53 pm

you can buy a mansion here- for a low price.
who the hell wants to live here- it's so cold.
 

Too bad Global Warming is a hoax.
 

Skans » 02 Oct 2023, 12:55 pm » wrote: ↑

02 Oct 2023, 12:55 pm

Too bad Global Warming is a hoax.

But with the Biden admin- Are attackin every heat source that exists here affordable? wtf?
 we live in a very cold climate. Last we need is no wood- natural gas... etc etc.
change to electric. 
our other house had that. I had strict orders-  do NOT ever turn it on! so expensive!!!!!
 

sootedupCyndi » 02 Oct 2023, 12:59 pm » wrote: ↑

02 Oct 2023, 12:59 pm

But with the Biden admin- Are attackin every heat source that exists here? wtf?

Subscribe to Junk Mail. Shred it, bundle it - perfectly good fuel.
 

Vegas » 02 Oct 2023, 11:14 am » wrote: ↑

02 Oct 2023, 11:14 am

It's stupid to buy a home now. We rent, but we are waiting to buy. I have a feeling there will be a crash. When that happens, then we will buy.

We are paying $60 to feed a family of four McDonald's. A night out for the same family is routinely over $200. Really think housing is going to tank anytime soon? It's all built on ****, has been since we moved to fiat currency. Real estate will predictably continue to rise in value, they are not making more of it. The more we devalue the dollar, the more wheelbarrows of cash will be asked for property. 
 

Neo » 02 Oct 2023, 1:02 pm » wrote: ↑

02 Oct 2023, 1:02 pm

We are paying $60 to feed a family of four McDonald's. A night out for the same family is routinely over $200. Really think housing is going to tank anytime soon? It's all built on ****, has been since we moved to fiat currency. Real estate will predictably continue to rise in value, they are not making more of it. The more we devalue the dollar, the more wheelbarrows of cash will be asked for property.

Nope. It will tank. End of November or early December. 

Look, I already turned you into my little bitch this morning. Don't make me spank you twice. 

Neo » 02 Oct 2023, 1:02 pm » wrote: ↑

02 Oct 2023, 1:02 pm

We are paying $60 to feed a family of four McDonald's. A night out for the same family is routinely over $200. Really think housing is going to tank anytime soon? It's all built on ****, has been since we moved to fiat currency. Real estate will predictably continue to rise in value, they are not making more of it. The more we devalue the dollar, the more wheelbarrows of cash will be asked for property.

Do not spend your money there- don't feed the piggy!
 

Vegas » 02 Oct 2023, 11:53 am » wrote: ↑

02 Oct 2023, 11:53 am

Depends on what you are willing to sacrifice. We personally don't want to be screwed. If we buy a 450k home now, then the crash happens, and it is worth 200k, then we got screwed. We would prefer to put up with any inconveniences now, so we don't have to endure that kind of anal rape.
 

Not if you don't sell.  Markets rebound.  Now, if this was simply going to be investment for income, you have a point.  An apples to apples comparison would be not buying Gulf Oil stock in the early 1980's when oil prices plummeted (or dumping when the decline started).  You would have missed out of T. Boone Pickens making his run and having Chevron swoop in as a white knight.  That event made my late father-in-law millions.
 

Vegas » 02 Oct 2023, 1:06 pm » wrote: ↑

02 Oct 2023, 1:06 pm

Nope. It will tank. End of November or early December. 

Look, I already turned you into my little bitch this morning. Don't make me spank you twice.

Here is your beer master. Anything else? 



I thought housing prices in our area were inflated. I thought it would crash or level off 5 years ago. Asking prices more than doubled in the last 5 years. I put away my miss cleo hat when I saw most houses being sold for cash above list price. We are seeing Wallstreet buying up main Street and converting property owners into renters. Tell me I'm wrong or by me a beer bitch. 
 
 

Neo » 02 Oct 2023, 1:15 pm » wrote: ↑

02 Oct 2023, 1:15 pm

Tell me I'm wrong or by me a beer bitch.

You are wrong. Ok, there you go. 

ConsRule » 02 Oct 2023, 1:14 pm » wrote: ↑

02 Oct 2023, 1:14 pm

Not if you don't sell.  Markets rebound.  Now, if this was simply going to be investment for income, you have a point.  An apples to apples comparison would be not buying Gulf Oil stock in the early 1980's when oil prices plummeted (or dumping when the decline started).  You would have missed out of T. Boone Pickens making his run and having Chevron swoop in as a white knight.  That event made my late father-in-law millions.

For most people, it's not an investment property. They are homes for families. Most people aren't buying/selling real estate.  Most people just want a permanent place to live and raise their family. 

sootedupCyndi » 02 Oct 2023, 1:07 pm » wrote: ↑

02 Oct 2023, 1:07 pm

Do not spend your money there- don't feed the piggy!

I don't think McDonald's is worth $60 to feed 4 for a single meal. Use to be able to say I could feed a family for a week on less than $100 and they would eat well! That is no longer the case. I could certainly make a meal for 4 at less than $60 but certainly not a week. Prices are up. Recockulasly.
 

Vegas » 02 Oct 2023, 1:20 pm » wrote: ↑

02 Oct 2023, 1:20 pm

For most people, it's not an investment property. They are homes for families. Most people aren't buying/selling real estate.  Most people just want a permanent place to live and raise their family.

Then they aren't screwed like you said they would be.  In fact, if the value drops by more than 50% (and it never will sans another Great Depression) they might get a break on property taxes.
 

Vegas » 02 Oct 2023, 1:06 pm » wrote: ↑

02 Oct 2023, 1:06 pm

Nope. It will tank. End of November or early December. 

Look, I already turned you into my little bitch this morning. Don't make me spank you twice.

You might be right.  Then again, you could be wrong. 

If I were you, and if I had a sound basis (other than just my "gut") for believing the housing market was set up for a crash no later than December, then I would give myself until end of December to see if it happens.  If it doesn't, then I would simply acknowledge that my information was faulty and move forward with buying a house.

Neo » 02 Oct 2023, 1:15 pm » wrote: ↑

02 Oct 2023, 1:15 pm

Here is your beer master. Anything else? 



I thought housing prices in our area were inflated. I thought it would crash or level off 5 years ago. Asking prices more than doubled in the last 5 years. I put away my miss cleo hat when I saw most houses being sold for cash above list price. We are seeing Wallstreet buying up main Street and converting property owners into renters. Tell me I'm wrong or by me a beer bitch.

We had an interesting thing occur in my little town!
It was a liberal  organization- I don't know exactly what it was.
yes i do.
It came in and bought all the homes.... for huge money. It knocked down all the ol  beautiful  old homes! It bought out all the locals.....  to just put up replicas!!! It took a small town and decided it would start a art community! It turned the little town into a looking  like my HO plastic  train set.
but what it didn't understand... all the tourists passing thru.. lived in better homes? no body payed attention!
 

ConsRule » 02 Oct 2023, 1:23 pm » wrote: ↑

02 Oct 2023, 1:23 pm

Then they aren't screwed like you said they would be.  In fact, if the value drops by more than 50% (and it never will sans another Great Depression) they might get a break on property taxes.

They got screwed because their mortgage payments will be almost twice than they could have been. A mortgage for a 450k house will be more than one for a 200k one. 

no brainier. 100% true. housing will crash over 75%. first to go: commuter subdivisions. ouch!!!! $9.97 gas on its way. and commuter house crash. so what. fun while it lasted. move over you homeless bum. yes. city labor needs room for tent. and graham sends tax dollars to ukraine. ukraine comes before usa labor, or any needs in usa.

sootedupCyndi » 02 Oct 2023, 12:53 pm » wrote: ↑

02 Oct 2023, 12:53 pm

you can buy a mansion here- for a low price.
who the hell wants to live here- it's so cold.

Are you stuck there? Buck Naked needs a bed warmer!
if Escher designed a car:

 
 

Neo » 02 Oct 2023, 1:21 pm » wrote: ↑

02 Oct 2023, 1:21 pm

I don't think McDonald's is worth $60 to feed 4 for a single meal. Use to be able to say I could feed a family for a week on less than $100 and they would eat well! That is no longer the case. I could certainly make a meal for 4 at less than $60 but certainly not a week. Prices are up. Recockulasly.

lol- I'm working on the Big Mac special sauce!
IF? I could get that right? I could actually make a burger with some substance ..... and some meat in a burger!  
 

Vegas » 02 Oct 2023, 1:45 pm » wrote: ↑

02 Oct 2023, 1:45 pm

They got screwed because their mortgage payments will be almost twice than they could have been. A mortgage for a 450k house will be more than one for a 200k one.

That will be entirely dependent on the amount financed. And, if property taxes and insurance goes down (and insurance on a home worth 200k is less than that on a home worth 450k) then the house note goes down. In our case...even with a 65% decline in value we would still have equity.

 

walkingstick » 02 Oct 2023, 1:47 pm » wrote: ↑

02 Oct 2023, 1:47 pm

no brainier. 100% true. housing will crash over 75%. first to go: commuter subdivisions. ouch!!!! $9.97 gas on its way. and commuter house crash. so what. fun while it lasted. move over you homeless bum. yes. city labor needs room for tent. and graham sends tax dollars to ukraine. ukraine comes before usa labor, or any needs in usa.

So you're predicting a crash in prices 150% worse than the drop during the subprime crisis.  I seriously doubt that.