Could get interesting by 2023 after all the free money dries up. Should be some bargains to be had popping up shortly.
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Yea there is gonna be a new round of foreclosures like in 2008.Could get interesting by 2023 after all the free money dries up. Should be some bargains to be had popping up shortly.
Precisely!Yea there is gonna be a new round of foreclosures like in 2008.
It literally ALWAYS appraises for the sale price. Just another example of added BS fees for bank loans.Precisely!
When we sold our old house in 2018, we were concerned that it may not appraise for the amount we sold it for (It was a nice house, in a great location, with some nice amenities, but no real apples-to-apples "comps" in that price range). I expressed my concern to our RE agent, (who's been in the business for a long time), and she basically said that whatever it needed to appraise for in order for the bank to make the loan, that's what it would appraise for. And sure enough, it did. To me, that's asking for trouble, just like back in '08 as you say. Banks loaning out too much money on houses, and/or to people who wouldn't be able to pay for them got them into big trouble. I can see that trouble coming again - been saying it for years now.
I don’t think so. They’re in rentals heavily and one thing that’s not going down is rent. The goal is to make everyone coming along now lifetime renters and they’re doing a pretty good job of thatFeel sorry for those who did not lock in fixed rate mortgages. What will be interesting to see is what Blackrock and Fidelity do when the real estate market gets dragged down. They hold a boatload of residential real estate now and if interest rates rise to 8-10%+, they'll find better places to park money and will flood the market offloading properties.
Can’t spend what you never had….Could get interesting by 2023 after all the free money dries up. Should be some bargains to be had popping up shortly.
Good stuff!! Sing it brother
Could be - but inflation impacts everyone across the board. Can't pay today's rent tomorrow if your earnings/spending power is getting sliced 8%-15% a month with no end in sight. Currently, the FED has us on a rate hike path until at least the beginning 2024. Inflation will likely continue to run wild.I don’t think so. They’re in rentals heavily and one thing that’s not going down is rent. The goal is to make everyone coming along now lifetime renters and they’re doing a pretty good job of that
Yep the only real correction to this is a recession or maybe even a depression. Once demand starts to cool, prices will fix themselves.Could be - but inflation impacts everyone across the board. Can't pay today's rent tomorrow if your earnings/spending power is getting sliced 8%-15% a month with no end in sight. Currently, the FED has us on a rate hike path until at least the beginning 2024. Inflation will likely continue to run wild.
Sounds like a good assessment you made here. Just basic economics you are stating here. Reasonable logic that all Americans can understand IMO.Yep the only real correction to this is a recession or maybe even a depression. Once demand starts to cool, prices will fix themselves.
But the combination of people being locked in and the government printing a boat load of free money for both people and businesses has led to an overall unhealthy situation for the economy.
Yeah you’re right. Nothing too advanced, but most people don’t want to picture themselves going through it. I hope I’m wrong…and also hoping I can personally dodge it myself.Sounds like a good assessment you made here. Just basic economics you are stating here. Reasonable logic that all Americans can understand IMO.
Ain’t no way this administration will have any decrease in spending. 🤣This time the fix will only make things worse. I think most would agree that the reckless increase in spending and deficits by the federal gov't is one of the basic causes of inflation. In previous inflationary periods raising the interest rate has slowed the economy and corrected the problem. The difference in those times and now though is that previously we've had relatively low debt. Now our debt has exploded to $30 trillion. Currently, at over $350 billion the interest on the national debt is 5th largest line item on the national budget. An increase in interest rates will cause this figure to rise to well over $500 billion, which increases spending and increases the deficit which in turn creates more inflation. It is a vicious cycle. The only way this will work to correct inflation is if we have a corresponding decrease in other government spending. With our political system the way it is I don't look for this to happen.
Just think if Build Back Broke had passed and we had another 3.5 trillion of printed money injected into the economy. Yet with a straight face they were all telling us that it’s what would have fixed inflation. Smdh!Ain’t no way this administration will have any decrease in spending. 🤣
Amen to that brother. I don’t even wanna think about that nightmare scenario.Just think if Build Back Broke had passed and we had another 3.5 trillion of printed money injected into the economy. Yet with a straight face they were all telling us that it’s what would have fixed inflation. Smdh!
The nation owes Manchin and Sinema a big thanks from keeping this spiraling catastrophe from becoming a death spiral.
Yep even liberal Bezos credited Manchin for saving his own party from themselves by voting against those massive spending bills filled with garbage social programs. Manchin got chastised by many dem politicians and liberal media for it too for many months. You don't hear that now that inflation has skyrocketed. .Just think if Build Back Broke had passed and we had another 3.5 trillion of printed money injected into the economy. Yet with a straight face they were all telling us that it’s what would have fixed inflation. Smdh!
The nation owes Manchin and Sinema a big thanks from keeping this spiraling catastrophe from becoming a death spiral.
Nope it’s cricket from those criticizing him except for folks like DeeDave, who probably still has no idea that injecting more money into the economy deflates they purchasing power of a dollar, ergo more inflation. So basic yet they are like parrots repeating the company line!Yep even liberal Bezos credited Manchin for saving his own party from themselves by voting against those massive spending bills filled with garbage social programs. Manchin got chastised by many dem politicians and liberal media for it too for many months. You don't hear that now that inflation has skyrocketed. .
Yep, and remember Deedave has smoking gun proof that young kids in public schools around the country aren't discussing sexual orientation and identity before the third grade-because his wife teaches middle school in South Carolina and it just doesn't happen. (That settles the discussion-end of story). In the meantime, all these publicly funded drag queen show stories at schools keep making the news among other things. Liberal indoctrination of children-just a conspiracy theory. Sure.Nope it’s cricket from those criticizing him except probably for folks like DeeDave, who probably still has no idea that injecting more money into the economy deflates they purchasing power of a dollar, ergo more inflation. So basic yet they are like parrots repeating the company line!
Yep. Lots of fires and bankruptcies coming soon to a home near you!!Yep, the real estate market is about to tank. Buy history is prologue as they Sat. Every spike is followed by a downturn. Going to see a lot of folks that bought houses over the last couple of years have a hard time getting rid of them at anywhere near what they paid for them
Yep, and remember Deedave has smoking gun proof that young kids in public schools around the country aren't discussing sexual orientation and identity before the third grade-because his wife teaches middle school in South Carolina and it just doesn't happen. (That settles the discussion-end of story). In the meantime, all these publicly funded drag queen show stories at schools keep making the news among other things. Liberal indoctrination of children-just a conspiracy theory. Sure.
Nope it’s cricket from those criticizing him except for folks like DeeDave, who probably still has no idea that injecting more money into the economy deflates they purchasing power of a dollar, ergo more inflation. So basic yet they are like parrots repeating the company line!
. Liberal indoctrination of children-just a conspiracy theory. Sure.
Not happening.This time the fix will only make things worse. I think most would agree that the reckless increase in spending and deficits by the federal gov't is one of the basic causes of inflation. In previous inflationary periods raising the interest rate has slowed the economy and corrected the problem. The difference in those times and now though is that previously we've had relatively low debt. Now our debt has exploded to $30 trillion. Currently, at over $350 billion the interest on the national debt is 5th largest line item on the national budget. An increase in interest rates will cause this figure to rise to well over $500 billion, which increases spending and increases the deficit which in turn creates more inflation. It is a vicious cycle. The only way this will work to correct inflation is if we have a corresponding decrease in other government spending. With our political system the way it is I don't look for this to happen.
Yea cause god knows your party is doing such a wonderful job on the economy, the border etc. let me guess, you are one of the useful idiots that fall into the 20% of Americans across this country who thinks Biden is doing good on the economy. It doesn’t surprise me that you would actually believe that though…nah, I just laugh at the hypocrites like you that couldn’t spend fast enough when trump was President all of a sudden being worried about spending too much money,
lol
nah, I just laugh at the hypocrites like you that couldn’t spend fast enough when trump was President all of a sudden being worried about spending too much money,
lol
as I said and you ignored...Yea cause god knows your party is doing such a wonderful job on the economy, the border etc. let me guess, you are one of the useful idiots that fall into the 20% of Americans across this country who thinks Biden is doing good on the economy. It doesn’t surprise me that you would actually believe that though…
Yeah, who wrote all those huge spending bills?
Your memory is bad, I realize
Trump threatens to not sign COVID-19 bill, wants bigger stimulus checks
Trump threatens to not sign COVID-19 bill, wants bigger stimulus checks
President Donald Trump threatened on Tuesday to not sign an $892 billion coronavirus relief bill that includes desperately needed money for individual Americans, saying it should be amended to increase the amount in the stimulus checks.www.reuters.com
Wrong.
Pelosi wrote every one of them and Trump asked them to cut all the Dem shit out of it that has NOTHING to do with COVID and increase the checks to the people. Then Biden came along about used more checks to purchase the Georgia Senate seats.
It's you have can't seem to remember the $3 trillion "heros" act that Republicans had to squash. Another inflation-inducing slush funds for Dems. And build back bullshit that even all the Dems wouldn't sign onto.
The Republicans are the only reason the Dems haven't pushed us to 25%+ inflation with all their insanely stupid spending.
I believe your memory could use a little jogging as well. The bill Trump signed was $900 billion and although a little much IMO, was necessary due to the pandemic and the shut down of the economy. In comparison, Biden's bill of about $2 Trillion was ridiculous and has helped fuel inflation and by incentivizing individuals to not seek employment has contributed to the major shortages of goods and supply chain issues. Bear in mind that Biden reckless spending came AFTER there was a vaccine available and AFTER the economy had opened back up so it was mostly unnecessary wasteful spending that has added unforgiveable amounts of debt to the already Obama induced massive debt that now tops $30 Trillion.Your memory is awful. That's what happens when you worship a President and a political party
President Donald Trump signed a massive coronavirus relief and government funding package into law Sunday, five days he sent Washington into a panic by suggesting he could veto the bill that he considered was a “disgrace.”
The White House had signaled for weeks that Trump would sign whatever pandemic aid bill the divided Congress passed into law. The legislation added to the number of weeks jobless Americans can receive aid.
Along with extending the eviction moratorium, it puts $25 billion into rental assistance. The airline payroll assistance is part of more than $45 billion in transportation relief.
The package also directs $82 billion to K-12 and higher education.
Trump threatened to veto the measure because it didn't contain more money for individuals.
Trump signs Covid relief and government funding bill days after he suggested he would block it
Trump had refused to sign the bill for days, leading an estimated 14 million people to lose a week of unemployment benefits.www.cnbc.com
This has been pointed out many times . She still sticks to the narrative she’s been told to believe and forgets the libs wanted to pass it then find out what was in it. POTUS wasn’t going to let that happen. .Wrong.
Pelosi wrote every one of them and Trump asked them to cut all the Dem shit out of it that has NOTHING to do with COVID and increase the checks to the people. Then Biden came along about used more checks to purchase the Georgia Senate seats.
It's you have can't seem to remember the $3 trillion "heros" act that Republicans had to squash. Another inflation-inducing slush funds for Dems. And build back bullshit that even all the Dems wouldn't sign onto.
The Republicans are the only reason the Dems haven't pushed us to 25%+ inflation with all their insanely stupid spending.
I believe your memory could use a little jogging as well. The bill Trump signed was $900 billion and although a little much IMO, was necessary due to the pandemic and the shut down of the economy. In comparison, Biden's bill of about $2 Trillion was ridiculous and has helped fuel inflation and by incentivizing individuals to not seek employment has contributed to the major shortages of goods and supply chain issues. Bear in mind that Biden reckless spending came AFTER there was a vaccine available and AFTER the economy had opened back up so it was mostly unnecessary wasteful spending that has added unforgiveable amounts of debt to the already Obama induced massive debt that now tops $30 Trillion.
Biden's $1.9 trillion Covid relief plan calls for stimulus checks, unemployment support and more
President-elect Joe Biden on Thursday unveiled his stimulus plan to support households and businesses through the Covid-19 pandemic.www.cnbc.com
It’s not that Trump wanted more overall. He wanted more to go directly to individuals. The original bill, almost all was to special interest groups and politically connected groups. Very little directly to American people.