Is the housing crash around the corner?

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By Vegas
2 Oct 2023 10:40 am in No Holds Barred Political Forum
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Neo
2 Oct 2023 2:05 pm
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sootedupCyndi » 02 Oct 2023, 1:51 pm » wrote: 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! Image
Struggling with that? Basic mayo, ketchup, chopped pickled gerkins, salt, pepper, onion powder. Add some Sriracha sauce and you have a winner! 

Still going to cost you double or more to make vs prices pre rona. 
 
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Neo
2 Oct 2023 2:11 pm
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When we pay people $15 an hour to make big macs the value of our currency will shift. 15 an hour was once the wage a post college professional could expect to make. Its what we paid licensed emergency medical workers. 15 being the new defacto minimum wage will translate to 500k being the new median home price.

Sorry taxi, the crash you are waiting for won't happen. Not as long as we are paying entry level fast food workers 15 dollars an hour. Where is my beer, bitch?
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sooted up Cyndi
2 Oct 2023 2:13 pm
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Water Cooler Poleece
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Neo » 02 Oct 2023, 2:05 pm » wrote: Struggling with that? Basic mayo, ketchup, chopped pickled gerkins, salt, pepper, onion powder. Add some Sriracha sauce and you have a winner! 

Still going to cost you double or more to make vs prices pre rona.
lol... so funny! i tried all the recipes NO ketchup!!! lol dear!   :wave:  
 
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Neo
2 Oct 2023 3:18 pm
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sootedupCyndi » 02 Oct 2023, 2:13 pm » wrote: lol... so funny! i tried all the recipes NO ketchup!!! lol dear!   Image
You are a smart gal. Ketchup is one of the ingredients the crocks had and ordered in bulk. In the 60s. Think they wouldn't try to use what was available? Mayo, Ketchup, relish... 
 
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Neo
2 Oct 2023 3:22 pm
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sootedupCyndi » 02 Oct 2023, 1:39 pm » wrote: 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!
Welcome to the debit financed fiat currency terrarium.  Government use to have to fight peons for resources to tie to their currency. Now, they hardly bother licking a finger and lubricating us before ****. Where has the romance gone? We deserve a sticky finger!!
 
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Mrkelly
2 Oct 2023 4:57 pm
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sootedupCyndi » 02 Oct 2023, 2:13 pm » wrote: lol... so funny! i tried all the recipes NO ketchup!!! lol dear!   Image
it’s just thousand island dressing 
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Mrkelly
2 Oct 2023 5:13 pm
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Neo » 02 Oct 2023, 2:11 pm » wrote: When we pay people $15 an hour to make big macs the value of our currency will shift. 15 an hour was once the wage a post college professional could expect to make. Its what we paid licensed emergency medical workers. 15 being the new defacto minimum wage will translate to 500k being the new median home price.

Sorry taxi, the crash you are waiting for won't happen. Not as long as we are paying entry level fast food workers 15 dollars an hour. Where is my beer, bitch?
have you looked in the windows of a McDonald’s?

most workers around here are people trying to feed a family 

$15 per hour is $600 a week before taxes

most can’t get by on that

let alone save for kid’s college, plan a family vacation 

I made $1.75 per hour when I started a real job

$3.50 was good money then

not sure what your point was, going down memory lane 

White Castle is paying $18 here

many companies are paying more to start 

funny how companies can afford to do the right thing when competition calls for it

but not until 

yet their record profits seem to be intact 

and before you say “ the price of a big Mac will skyrocket “

competition will take care of that too
 
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Neo
2 Oct 2023 5:40 pm
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Mrkelly » 02 Oct 2023, 5:13 pm » wrote: have you looked in the windows of a McDonald’s?

most workers around here are people trying to feed a family 

$15 per hour is $600 a week before taxes

most can’t get by on that

let alone save for kid’s college, plan a family vacation 

I made $1.75 per hour when I started a real job

$3.50 was good money then

not sure what your point was, going down memory lane 

White Castle is paying $18 here

many companies are paying more to start 

funny how companies can afford to do the right thing when competition calls for it

but not until 

yet their record profits seem to be intact 

and before you say “ the price of a big Mac will skyrocket “

competition will take care of that too
I am not attacking fast food work. Spent years in that industry and it was some of the hardest times I ever spent getting a pay check. Still have friends from that experience and feel they are almost war buddies. The 3.75 an hour i earned seemed low but fair. I had no skills, it wasn't a job I expected to pay for more than gas, videogames, and an occasional date. To expect more from a first job seems unfair to the employer. 

If i am paying someone emergency medical technician wages to flip a burger or unload a truck, they better have commiserate experience to justify that wage. 

 
 
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Zeets2
2 Oct 2023 5:52 pm
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Vegas » 02 Oct 2023, 12:26 pm » wrote: Then maybe there will be a crash across the board. Not just with housing.
I think a recession is imminent, although I don't see a huge crash.
The biggest factor will continue to be the rising cost of gas and diesel fuel, which will continue through this winter and spring, now that the buffoon in the WH can't sell off any of our Strategic Oil Reserves to China, as he'd done for the last year, making his idiot junkie son the benefactor of Chinese millions.  When the price of any commodity is kept artificially low for a significant time period in that manner, the market quickly corrects it and inflation rises along with it.  And the diesel fuel costs affect every product we buy in every retail store. 

We'll be looking at $4.50 a gallon for gas in much of the country, and $7.00 or more in the liberal west coast before very long.
 
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Deezer Shoove
4 Oct 2023 8:32 am
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Fuelman » 02 Oct 2023, 11:27 am » wrote: There won't be a big crash in housing prices like people hope. Inventories are still low and when the Fed backs off on interest rates, property values will continue to go up.

I basically agree.

Sure there will be some areas crunched badly. Whenever I look to move (I check around a couple times each year), there are deals and there are way more non-deals. Everything is overpriced it seems.
I cannot find anything that fits as well as I already have. My area has been building up huge tracts for 20+ years. Golf courses, farms, horse tracks, etc. are disappearing for the new developments.
When I decide to downsize and stick to building birdhouses in a tiny workshop, I can very easily do that. By then a property with acreage will be even more desirable.

Calamitous future can be how others see the world. I have seen these hyperbolic personalities come and go for my entire life. Lots of posters here ride that wave. At worst, I see it as dying with a whimper, not a bang. Which it is. Just have to look around.

"Big crash" is in the eyes of the beholder. ;)  

ps
Are there any actual doomsday preppers that are entrepreneurs?
If so, they are some really conflicted people.  :rofl:  
Please seat yourself.

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I like the very things you hate.
*Vegas
4 Oct 2023 8:33 am
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DeezerShoove » 04 Oct 2023, 8:32 am » wrote: I basically agree.

Sure there will be some areas crunched badly. Whenever I look to move (I check around a couple times each year), there are deals and there are way more non-deals. Everything is overpriced it seems.
I cannot find anything that fits as well as I already have. My area has been building up huge tracts for 20+ years. Golf courses, farms, horse tracks, etc. are disappearing for the new developments.
When I decide to downsize and stick to building birdhouses in a tiny workshop, I can very easily do that. By then a property with acreage will be even more desirable.

Calamitous future can be how others see the world. I have seen these hyperbolic personalities come and go for my entire life. Lots of posters here ride that wave. At worst, I see it as dying with a whimper, not a bang. Which it is. Just have to look around.

"Big crash" is in the eyes of the beholder. Image  

ps
Are there any actual doomsday preppers that are entrepreneurs?
If so, they are some really conflicted people.  Image

Nope. It's going to be a crash. 
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Deezer Shoove
4 Oct 2023 8:42 am
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Vegas » 04 Oct 2023, 8:33 am » wrote: Nope. It's going to be a crash.

The world has ended already too many times.
The depression of 1929 may be coming. Too bad for the kids. They get to enjoy it the longest.
Might do the world some good in the long run.

Calling it "the end" when it's just a correction that's a long time coming seems like exaggeration.
I can't see preparing so hard I can walk fat and happy, stepping over near-skeletons.
That's almost what I see people saying much of the time.

After the Wave of Death, the elites will win. Give up now. :wave:  
Please seat yourself.

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*Vegas
4 Oct 2023 8:47 am
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DeezerShoove » 04 Oct 2023, 8:42 am » wrote: The world has ended already too many times.
The depression of 1929 may be coming. Too bad for the kids. They get to enjoy it the longest.
Might do the world some good in the long run.

Calling it "the end" when it's just a correction that's a long time coming seems like exaggeration.
I can't see preparing so hard I can walk fat and happy, stepping over near-skeletons.
That's almost what I see people saying much of the time.

After the Wave of Death, the elites will win. Give up now. Image

I am not saying it's the end. I am saying it's going to hit rock bottom. It will bounce back, but it will take a long time. I am taking out Puts out on the banks. So far, it's looking good for me. 
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Zeets2
4 Oct 2023 9:03 am
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Neo » 02 Oct 2023, 2:11 pm » wrote: When we pay people $15 an hour to make big macs the value of our currency will shift. 15 an hour was once the wage a post college professional could expect to make. Its what we paid licensed emergency medical workers. 15 being the new defacto minimum wage will translate to 500k being the new median home price.

Sorry taxi, the crash you are waiting for won't happen. Not as long as we are paying entry level fast food workers 15 dollars an hour. Where is my beer, bitch?
It's even worse than that!
Newsom and his fellow idiots in CA have just approved a bill making the minimum wage for fast food workers a staggering $20 an hour!

Is there anyone who doesn't believe this will cost workers millions of jobs as they all go to ordering kiosks instead of having ignorant kids take your order?
Liberals NEVER consider the reactions that business owners will take to avoid their stupidity!  It was no different than gay boy Obama mandated the healthcare that every business owner had to give to their employees.  The result in my company and in thousands of others was that we dropped the employee healthcare coverage altogether, saving my company a fortune.  And liberals got the blame for it, since the plan we had didn't provide coverage for abortion or pregnancy, which was unneeded since I only had one female worker who happened to be 55 years old, and the rest of my crew were men, who were all very happy with the healthcare policy I gave them.  But the cost of those mandates the idiot wanted would have cost me nearly double for a new policy, and keeping the old one would not have been a deductible business cost any longer, so instead I cancelled the whole thing, and it was the workers who suffered, not me!

Image

 
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Zeets2
4 Oct 2023 9:09 am
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Mrkelly » 02 Oct 2023, 5:13 pm » wrote: have you looked in the windows of a McDonald’s?

most workers around here are people trying to feed a family 

$15 per hour is $600 a week before taxes

most can’t get by on that

let alone save for kid’s college, plan a family vacation 

I made $1.75 per hour when I started a real job

$3.50 was good money then

not sure what your point was, going down memory lane 

White Castle is paying $18 here

many companies are paying more to start 

funny how companies can afford to do the right thing when competition calls for it

but not until 

yet their record profits seem to be intact 

and before you say “ the price of a big Mac will skyrocket “

competition will take care of that too
Why is it that you think a business has any obligation to give a fast food worker the pay YOU think they deserve?
Fast food work IS NOT intended to be a lifetime career, but the first step in employment experience for millions.
And if an adult is too unqualified for anything else, it's likely that it was their own choice to limit their education to the point where that's the only job they're capable of handling, again not the problem of the business owner.
 
*Vegas
4 Oct 2023 9:20 am
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Zeets2 » 04 Oct 2023, 9:09 am » wrote: Why is it that you think a business has any obligation to give a fast food worker the pay YOU think they deserve?
Fast food work IS NOT intended to be a lifetime career, but the first step in employment experience for millions.
And if an adult is too unqualified for anything else, it's likely that it was their own choice to limit their education to the point where that's the only job they're capable of handling, again not the problem of the business owner.

This ^^^. It's supposed to be a temporary job until they can invest in themselves to be qualified for something better. 
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Mrkelly
4 Oct 2023 9:46 am
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Zeets2 » 04 Oct 2023, 9:09 am » wrote: Why is it that you think a business has any obligation to give a fast food worker the pay YOU think they deserve?
Fast food work IS NOT intended to be a lifetime career, but the first step in employment experience for millions.
And if an adult is too unqualified for anything else, it's likely that it was their own choice to limit their education to the point where that's the only job they're capable of handling, again not the problem of the business owner.
70s called

they want their talking points back

tell me about trickle down 

I miss that one too

 
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*rippy38
4 Oct 2023 10:14 am
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Vegas » 04 Oct 2023, 9:20 am » wrote: This ^^^. It's supposed to be a temporary job until they can invest in themselves to be qualified for something better.

I'm just gonna leave this right here...

https://youtu.be/d2TETZM0o8o?si=RT3YO4_SQqMBvvL7

:clap:  
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Fuelman
4 Oct 2023 12:27 pm
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DeezerShoove » 04 Oct 2023, 8:32 am » wrote: I basically agree.

Sure there will be some areas crunched badly. Whenever I look to move (I check around a couple times each year), there are deals and there are way more non-deals. Everything is overpriced it seems.
I cannot find anything that fits as well as I already have. My area has been building up huge tracts for 20+ years. Golf courses, farms, horse tracks, etc. are disappearing for the new developments.
When I decide to downsize and stick to building birdhouses in a tiny workshop, I can very easily do that. By then a property with acreage will be even more desirable.

Calamitous future can be how others see the world. I have seen these hyperbolic personalities come and go for my entire life. Lots of posters here ride that wave. At worst, I see it as dying with a whimper, not a bang. Which it is. Just have to look around.

"Big crash" is in the eyes of the beholder. Image  

ps
Are there any actual doomsday preppers that are entrepreneurs?
If so, they are some really conflicted people.  Image
You never really know what is going on behind the computer screen. People make all kinds of financial decisions as best they can in the moment. When Vegas became a member on this forum in 2014, the median home price in Las Vegas was $204k with interest rates just above 4%.  Now that median is closer to $450k.  and 8+%. Add in nine years worth of rent (we paid $28,000 in rent for 2022 while the house was built and live 500 miles from Vegas) and you get quite a large missed opportunity to the tune of several hundred thousand dollars at a minimum. Everyone has a story and no two are the same.

I moved from a town where the median home price hit $800k and the median price almost tripled from 2014 to 2021. There is something to be said about being at the right place at the right time and being in a position to take advantage of such an increase. That is not normally the outcome for most people. I didn't even blink at paying cash in an area where the median is around $400k.

Just blame the Boomers, it's all their fault. Life was handed to them on a silver platter.
*Vegas
4 Oct 2023 3:43 pm
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Fuelman » 04 Oct 2023, 12:27 pm » wrote:

Just blame the Boomers, it's all their fault. Life was handed to them on a silver platter.
I am GenX. We are bad ***. The boomers and mellinials should be blamed for everything. 
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