(07-29-2021 09:33 AM)green Wrote:  

(07-29-2021 09:26 AM)VA49er Wrote:  

(07-29-2021 09:24 AM)49RFootballNow Wrote:  

(07-29-2021 09:22 AM)VA49er Wrote:  Keep in mind that both the mortgage foreclosure moratorium and federal eviction moratorium end on July 31st. Will be interesting how that plays out.

Sounds like a great crisis for Dems to exploit to destroy personal property rights.

Given the current housing market, I don't think we'll see a ton of foreclosures. People can simply sell if they can't afford mortgage payments. With regard to evictions for not paying rent, no idea how that is going to play out.

https://twitter.com/bdollabills/status/1...1890881536

https://twitter.com/LizAnnSonders/status...0437731329

TURN THE BEAT AROUND LOVE TO HEAR PERCUSSION

cali/ny $$$ are waiting to pounce to house the subsidized illegals…

IN THE PLAYBOOK

What this is saying is that Bidens* economy is *slightly* better than an economy that has been completely shut down. Kind of like the price of weiners are slightly better under Biden* than when the meat plants were shutdown.

SO............................MUCH.................................LOSING...........................

(07-29-2021 09:19 AM)Eagleaidaholic Wrote:  So. This proves we don't need another "Stimulus", much less $5Trillion worth. The government just needs to get out of the way. What is there to stimulate?

Well artificial growth of course. One needs to remain in power for the short term after all. Let the next guy take the blame…..

(07-29-2021 10:34 AM)maximus Wrote:  

(07-29-2021 09:06 AM)Redwingtom Wrote:  

You do know what he tweeted isnt sustainable.... you do know this right...

Sent from my SM-N975U using Tapatalk

You mean we may at some point in the future we will see job losses, suffer a decline in consumer confidence, see an increase in unemployment and/or see a decline in incomes?

Interesting.

(07-29-2021 12:26 PM)Redwingtom Wrote:  

(07-29-2021 10:34 AM)maximus Wrote:  

(07-29-2021 09:06 AM)Redwingtom Wrote:  

You do know what he tweeted isnt sustainable.... you do know this right...

Sent from my SM-N975U using Tapatalk

You mean we may at some point in the future see job losses,

Weekly unemployment claims are up, despite millions of open jobs

Quote:suffer a decline in consumer confidence,

Consumer confidence has already plateued. The rise in confidence was due to the vax rollout. Now that people are seeing Bidens economy with the sustained inflation, it will drop. SO the rise was not due to Biden, but to the promise of what the vax would do to the economy.

Quote:see an increase in unemployment and/or see a decline in incomes?

if incomes rose, its because small businesses had to pay more to get get employees. Not because the market demanded it. But because Biden* has created an artificial payroll for some not to work. When that completely ends, then you have the collapse. You will also see businesses converting their business model from in-store to delivery. At some point, the delivery model is more easily managed and more profitable, and the instore model goes away. And with it, all of the jobs.

To tell the truth I love this housing market and I also loved it in 2008 and I will love it even more once it falls apart once again...

Timing is everything and being able to read it. All I need is around 6 more months of the inflated home prices and then sit back and wait for the bottom to drop. Once it does I'm right back in it.

Just about anything that hits the market in any price range is selling. If it doesnt rentals are so tight you can get 25 to 40% higher rent than just a year ago.

Bush, Obama, and Biden will turnout to be the best Presidents in my adult lifetime....

when it comes to making a buck

(07-29-2021 07:19 PM)WKUYG Wrote:  To tell the truth I love this housing market and I also loved it in 2008 and I will love it even more once it falls apart once again...

Timing is everything and being able to read it. All I need is around 6 more months of the inflated home prices and then sit back and wait for the bottom to drop. Once it does I'm right back in it.

Just about anything that hits the market in any price range is selling. If it doesnt rentals are so tight you can get 25 to 40% higher rent than just a year ago.

Bush, Obama, and Biden will turnout to be the best Presidents in my adult lifetime....

when it comes to making a buck

completely agree if you understand how to time the cycle and hammer the renters…

(07-29-2021 07:40 PM)stinkfist Wrote:  

(07-29-2021 07:19 PM)WKUYG Wrote:  To tell the truth I love this housing market and I also loved it in 2008 and I will love it even more once it falls apart once again...

Timing is everything and being able to read it. All I need is around 6 more months of the inflated home prices and then sit back and wait for the bottom to drop. Once it does I'm right back in it.

Just about anything that hits the market in any price range is selling. If it doesnt rentals are so tight you can get 25 to 40% higher rent than just a year ago.

Bush, Obama, and Biden will turnout to be the best Presidents in my adult lifetime....

when it comes to making a buck

completely agree if you understand how to time the cycle and hammer the renters…

I dont have the heart to do that most of mine are 50 or over and paid on time and hardly ever break anything. They dont mine someone coming in every 3 months to inspect. Started not to sale because of that and I'm actually under valued on a lot of my rent. Homes next to mine are getting 25% more...I just cant do that. Once you get too high then you have a lot of turnover.

I (my brother and I) bought in 2009-2016 and selling 2/3 of my homes in this high market. Already dumped 25 and closing on one tomorrow and hopefully two others next week. That will leave me with 23 more to dump in the next 6 months. This market has tripled since the 2008 well late 2009 bottom. Hell homes I bought in 2016 I'm getting double for. The homes I'm getting the highest rent on I'm hanging on to.

Going to let most of that cash sit till I see if the bottom is going to drop then easy back in. I literally cashed everything out leading up to the 2008 crash. 401k, stocks, downsized our home (very glad on that) sold my part of our business (wife kept her 49%) to go all cash. My wife was about to have a nervous breakdown. We build houses so I could see people buying more than they needed and could afford and the type of loans that the banks were giving away to anyone.

Best decision I made in my life...on money

(07-29-2021 08:37 PM)WKUYG Wrote:  

(07-29-2021 07:40 PM)stinkfist Wrote:  

(07-29-2021 07:19 PM)WKUYG Wrote:  To tell the truth I love this housing market and I also loved it in 2008 and I will love it even more once it falls apart once again...

Timing is everything and being able to read it. All I need is around 6 more months of the inflated home prices and then sit back and wait for the bottom to drop. Once it does I'm right back in it.

Just about anything that hits the market in any price range is selling. If it doesnt rentals are so tight you can get 25 to 40% higher rent than just a year ago.

Bush, Obama, and Biden will turnout to be the best Presidents in my adult lifetime....

when it comes to making a buck

completely agree if you understand how to time the cycle and hammer the renters…

I dont have the heart to do that most of mine are 50 or over and paid on time and hardly ever break anything. They dont mine someone coming in every 3 months to inspect. Started not to sale because of that and I'm actually under valued on a lot of my rent. Homes next to mine are getting 25% more...I just cant do that. Once you get too high then you have a lot of turnover.

I (my brother and I) bought in 2009-2016 and selling 2/3 of my homes in this high market. Already dumped 25 and closing on one tomorrow and hopefully two others next week. That will leave me with 23 more to dump in the next 6 months. This market has tripled since the 2008 well late 2009 bottom. Hell homes I bought in 2016 I'm getting double for. The homes I'm getting the highest rent on I'm hanging on to.

Going to let most of that cash sit till I see if the bottom is going to drop then easy back in. I literally cashed everything out leading up to the 2008 crash. 401k, stocks, downsized our home (very glad on that) sold my part of our business (wife kept her 49%) to go all cash. My wife was about to have a nervous breakdown. We build houses so I could see people buying more than they needed and could afford and the type of loans that the banks were giving away to anyone.

Best decision I made in my life...on money

I tried to tell my ex and pops the same XACLY! thing…one listened, one didn’t…

the ‘burg (aka hub city), has been a gold mine for decades if you’re on the ‘in’…

kudos, guns!

(07-29-2021 08:37 PM)WKUYG Wrote:  

(07-29-2021 07:40 PM)stinkfist Wrote:  

(07-29-2021 07:19 PM)WKUYG Wrote:  To tell the truth I love this housing market and I also loved it in 2008 and I will love it even more once it falls apart once again...

Timing is everything and being able to read it. All I need is around 6 more months of the inflated home prices and then sit back and wait for the bottom to drop. Once it does I'm right back in it.

Just about anything that hits the market in any price range is selling. If it doesnt rentals are so tight you can get 25 to 40% higher rent than just a year ago.

Bush, Obama, and Biden will turnout to be the best Presidents in my adult lifetime....

when it comes to making a buck

completely agree if you understand how to time the cycle and hammer the renters…

I dont have the heart to do that most of mine are 50 or over and paid on time and hardly ever break anything. They dont mine someone coming in every 3 months to inspect. Started not to sale because of that and I'm actually under valued on a lot of my rent. Homes next to mine are getting 25% more...I just cant do that. Once you get too high then you have a lot of turnover.

I (my brother and I) bought in 2009-2016 and selling 2/3 of my homes in this high market. Already dumped 25 and closing on one tomorrow and hopefully two others next week. That will leave me with 23 more to dump in the next 6 months. This market has tripled since the 2008 well late 2009 bottom. Hell homes I bought in 2016 I'm getting double for. The homes I'm getting the highest rent on I'm hanging on to.

Going to let most of that cash sit till I see if the bottom is going to drop then easy back in. I literally cashed everything out leading up to the 2008 crash. 401k, stocks, downsized our home (very glad on that) sold my part of our business (wife kept her 49%) to go all cash. My wife was about to have a nervous breakdown. We build houses so I could see people buying more than they needed and could afford and the type of loans that the banks were giving away to anyone.

Best decision I made in my life...on money

yea, I can see where its much better to have long term renters who pay less rent and who dont break sh*t than shorter term renters who cause you to have to go in and perform repairs every few months after you have to evict them for non-payment of the higher rent.