Real Estate

I sold most of my real estate three years ago, get tired of people in general at the time, half had been owned 30-35 years, though had a good system in place. I believe @KCalhoun is correct of later in year be many houses will hit the market forcing prices to drop. Depending on house reductions, might re-enter. I always had to put down 15% as an investor, cost of having a business. You can always get a loan for the 15% using other collateral, depends on having a history with a company.

Between printing money by government and incredible unemployment, more people will slip into lower income status, widening between higher and lower.

Many think it is unfair, but those in higher income worked harder, smarter and gave up fun for years, decades to achieve. But people want too much free...
 
Handle123 said:
I sold most of my real estate three years ago, get tired of people in general at the time, half had been owned 30-35 years, though had a good system in place. I believe @KCalhoun is correct of later in year be many houses will hit the market forcing prices to drop. Depending on house reductions, might re-enter. I always had to put down 15% as an investor, cost of having a business. You can always get a loan for the 15% using other collateral, depends on having a history with a company.

Between printing money by government and incredible unemployment, more people will slip into lower income status, widening between higher and lower.

Many think it is unfair, but those in higher income worked harder, smarter and gave up fun for years, decades to achieve. But people want too much free...
More...
. Don't you think the Builders, Realtors and Mortgage loan companies will ask for a their own Bailout again? $25,000 First Time home buyers tax credit? The Fed buying debt has caused smashed debt holders to move off lows like MFA, IVR, CMO, COOP, ECT.
 
LS1Z28 said:
The average credit score in the U.S. is 703, so almost half of the population is eliminated by that requirement alone.
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Add in what will be 20 million unemployed in the next week or two and real estate will grind to a halt. Again many many people will disagree and probably bitch but I would enjoy a nice 40-50% decline in housing prices, will it happen? Absolutely not. They won't allow that to happen. Maybe 7 % or will go to an extreme 12% but that's about it. The fed will NOT will NOT will NOT allow equities or housing prices to collapse. There is no such thing as falling values of any such degree when it comes to the fed. Thats why the median cost of a house is inflated by many many many dollars. Just do a simple comparison on prices of a median house from the 1940s to 2020 using an inflation calculator and you will see how out of touch housing prices have been. Anyway even with a credit score of 700 needed im sure some how housing prices will still remain totally overvalued....the fed will keep everything nicely inflated. That's their job .......
 
JesseJamesFinn1 said:
. Don't you think the Builders, Realtors and Mortgage loan companies will ask for a their own Bailout again? $25,000 First Time home buyers tax credit? The Fed buying debt has caused smashed debt holders to move off lows like MFA, IVR, CMO, COOP, ECT.
More...


Of course they will. No company or sector will be left without a fed bailout. Every industry will get free money. That's how capitalism works hahahahahahahahhahahahahahabhahahah.
 
Ladies and Gentlemen, you are witnessing not the United States, but the Broke States of America collapsing, changing it from "Home of the free" to the "Home of the Homeless and unemployed". Many people will live with less then people living in the UDSSR had. So to spek: capitalism has lost against socialism for wast parts of the population.
 
Genevian Speculator said:
Ladies and Gentlemen, you are witnessing not the United States, but the Broke States of America collapsing, changing it from "Home of the free" to the "Home of the Homeless and unemployed"
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Lol. I'm seeing the country coming together to emerge stronger than ever. I call it Capitalism with safety net. Very very different from USSR style socialism.
 
S2007S said:
Add in what will be 20 million unemployed in the next week or two and real estate will grind to a halt. Again many many people will disagree and probably bitch but I would enjoy a nice 40-50% decline in housing prices, will it happen? Absolutely not. They won't allow that to happen. Maybe 7 % or will go to an extreme 12% but that's about it. The fed will NOT will NOT will NOT allow equities or housing prices to collapse. There is no such thing as falling values of any such degree when it comes to the fed. Thats why the median cost of a house is inflated by many many many dollars. Just do a simple comparison on prices of a median house from the 1940s to 2020 using an inflation calculator and you will see how out of touch housing prices have been. Anyway even with a credit score of 700 needed im sure some how housing prices will still remain totally overvalued....the fed will keep everything nicely inflated. That's their job .......
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Loan officers were bragging how they were going to make $500k after Fed move. Banks reply was shooting 30 year to +4 percent.
 
S2007S said:
Of course they will. No company or sector will be left without a fed bailout. Every industry will get free money. That's how capitalism works hahahahahahahahhahahahahahabhahahah.
More...
The Tea Party and No Federal Deficit Republicans stormed into power in 2012 after attacking TARP as "Socialism for Wall Street". How can they support something they were sworn enemies of? I guess we are all Socialist at heart depending on how you label it Bailout or Stimulous?
 
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