01-26-2024, 05:52 PM | #8119 | |
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It took 15 years to get here, 15 years to change it seems within the realm of the possible. |
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01-26-2024, 05:52 PM | #8120 | |
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However, there is the other side of that coin...they sell & have to buy something else. They end up paying more for less than they had in a lot of cases. THAT is why they are not selling. There will be forced defaults once these payments catch up with the people that keep overpaying |
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01-26-2024, 05:55 PM | #8121 | |
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It did not take 15 years to get here, though. Using the 2008 bs as the timeline start is not the right call IMO. We haven't even touched on the crazy cost of rent as well. This entire COL bs we are in right now will not go on for 15 years. It can't. The 99% are being murdered... |
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01-26-2024, 05:56 PM | #8122 | |
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The car market has already started to correct. You think housing etc won't? Stop ignoring history |
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01-26-2024, 05:57 PM | #8123 | |
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01-29-2024, 09:44 AM | #8124 |
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Eh, as soon as rates start to drop you'll see an influx of supply hit the market and lots of hungry buyers will follow. I don't think it'll be like 2021/2022 style but I don't think housing in most markets takes a huge hit in the next few years.
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01-30-2024, 12:25 PM | #8125 | |
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The average person also doesn't know what they need. They will be happy with a little smart car, an apartment, a phone, and beyond meat. |
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01-31-2024, 07:16 PM | #8126 |
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If "house poor" even pops into head when thinking about buying, then don't do it. Stressing over money isn't fun, especially when sitting on an asset you can't move quickly. And why do you need a second house?
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02-04-2024, 07:21 PM | #8128 | |
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The problem is everything is manipulated by the wrong people. |
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02-05-2024, 05:50 AM | #8129 | |
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I can only imagine the costs for those who have to carry any type of natural disaster coverage such as hurricane, flood, fire, etc. |
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02-05-2024, 06:18 AM | #8130 |
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Given that rates are now very close to their historical average, what makes you think that rates are going to drop significantly in the future?
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02-05-2024, 07:24 AM | #8131 |
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I think they will just because we live in a time that is addicted to low rates to keep things going... since the great recession we haven't lived on high rates and I don't think we can in the future... unless we want a consistently contracted economy. I don't think anyone will allow that. I predict 5% within a year and expect that to be the new average. Below 5% is unlikely unless we hit a major recession... and rest assured, if that happens, this will be the first lever to be pulled.
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02-05-2024, 07:57 AM | #8132 | |
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Services inflation is still running wildly hot: medical, insurance, housing, rent, construction, utilities. Add to this some significant local tax increases, and I think we're going to see inflation jump around to different sectors quite a bit. Again, outside of something major, they're going to have to keep rates where they are for quite some time to avoid re-acceleration. The problem is that we have some structural issues that are likely to add to inflationary pressure: 1. Boomer retirements accelerating 2. Re-shoring of manufacturing (Money spent on US based construction of factories has almost tripled in the last 2 years) 3. Accelerating manufacturing costs in Asian and Latin America 4. Green initiatives 5. Mindset shift in productivity for the 18 - 39 segment 6. Taxes will likely increase These are major structural factors that are going to add fuel to inflation. |
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02-05-2024, 08:09 AM | #8133 | |
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02-05-2024, 08:19 AM | #8134 | |
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02-05-2024, 08:21 AM | #8135 | |
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02-05-2024, 08:33 AM | #8136 | |
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productivity is up is only good for the corporation... it means less people are doing more work unemployment is down because people are working numerous part time jobs... there are mass layoffs in higher paying positions... unemployment is up for all sectors outside of services that are low paying housing demand is absolutely crushed which trickles back to all the suppliers as well car demand is pretty much non existent right now after everyone overpurchased during covid consumer debt is at an all time high this a wealthy person's / asset owners economy... this won't drive the market as all sectors are seeing contracted demand... the only way this reverses is if the govt floods us all w more money again which in turn would drive inflation again
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02-05-2024, 04:03 PM | #8137 | |
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If a correction doesn't happen, a revolt of some sort won't surprise me and is a good thing if done right. |
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02-05-2024, 04:05 PM | #8138 | |
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02-05-2024, 04:57 PM | #8139 |
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Didn’t see a gas price thread. Paid $3.69/gallon for top tier 93. Wow seems like gas prices are dropping.
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02-09-2024, 02:23 PM | #8140 |
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Donatello. With markets in record territory do you recommend to sell everything and go all cash?
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