(09-20-2021 03:44 PM)umbluegray Wrote:  

(09-20-2021 03:34 PM)CardinalJim Wrote:  

(09-20-2021 03:27 PM)VA49er Wrote:  

(09-20-2021 03:24 PM)CardinalJim Wrote:  

(09-20-2021 03:16 PM)BigTigerMike Wrote:  Chinas economy and especially it’s real estate market is going kaboom. This is what you’re seeing in the sell offs

Exactly…..

I’m watching the real estate market in the States. We’re about to see a commercial real estate crash. Hopefully that will settle the residential market down but I’m not sure it will.

Residential real estate has been booming for over 5 years now. When it drops its gonna be a big boom.

With residential, more supply will help calm prices. With commercial, it will be interesting to see what happens if work from home stays as the new normal. There's a reason lots of CEOs, especially banks, want people back in the office.

That’s true.

Here in Louisville they’re building these big 20K, 30K and 40K big box warehouses, with the prefab walls, that are sitting empty. Some have been empty for 3 or 4 years and they continue to build them.

I don’t know where the capital is coming from but it can’t continue.

They're still building them in the Memphis and surrounding areas, too.

It makes sense. Y’all have FedEx and we’ve got UPS. It must be part of the move toward more online commerce.

(09-20-2021 03:28 PM)TigerBlue4Ever Wrote:  

(09-20-2021 03:14 PM)CardinalJim Wrote:  The stock market tanking makes me smile. I redid my fiancé’s portfolio right after the election. With the government propping up the economy for months with money for nothing it delayed the bear coming.

Since we are both now safe I want to see the market drop faster than Jill Biden’s breasts or Kamala’s panties.

+3

That's DR Jill


Dammit

I weather proofed mine too. Let that shite fall.

Yellen is on records as saying if the Debt ceiling is not raised soon, it will be catastrophic. Also, look for interest rates to start ticking up soon. That alone will kill the housing market. Interest rates are what has blasted the housing market. People would pshit if they had to pay 7.5% interest like my wife and I did when we bought our first house 23 years ago. Seems like forever. If rates get back up to 5% it would be devastating.

(09-20-2021 04:25 PM)Eagleaidaholic Wrote:  Yellen is on records as saying if the Debt ceiling is not raised soon, it will be catastrophic. Also, look for interest rates to start ticking up soon. That alone will kill the housing market. Interest rates are what has blasted the housing market. People would pshit if they had to pay 7.5% interest like my wife and I did when we bought our first house 23 years ago. Seems like forever. If rates get back up to 5% it would be devastating.

That’s a good point about interest rates. That’s exactly what will kill the housing boom.

We bought our first house in November ‘92. Locked in at 6.25% the day after Bill Clinton was elected.

I always laugh when the millennials whine about not being able to buy a house because of college debt. Interest rates today are at 3.26 for a 30 year fixed and low as 2.56 if you go FHA. You paid almost three times what the FHA rate is today and we paid over twice the same FHA rate.

We managed to pay college loans back, raise three kids and put them through undergrad and grad school, save for retirement and still buy multiple homes. Sure it required working multiple jobs sometimes and doing without but we did it. I’m sure y’all did too. Everyone we knew was doing the same thing.

It’s sad young people today won’t do what their parents and grandparents did to give their children a better life.

(09-20-2021 05:32 PM)CardinalJim Wrote:  

(09-20-2021 04:25 PM)Eagleaidaholic Wrote:  Yellen is on records as saying if the Debt ceiling is not raised soon, it will be catastrophic. Also, look for interest rates to start ticking up soon. That alone will kill the housing market. Interest rates are what has blasted the housing market. People would pshit if they had to pay 7.5% interest like my wife and I did when we bought our first house 23 years ago. Seems like forever. If rates get back up to 5% it would be devastating.

That’s a good point about interest rates. That’s exactly what will kill the housing boom.

We bought our first house in November ‘92. Locked in at 6.25% the day after Bill Clinton was elected.

I always laugh when the millennials whine about not being able to buy a house because of college debt. Interest rates today are at 3.26 for a 30 year fixed and low as 2.56 if you go FHA. You paid almost three times what the FHA rate is today and we paid over twice the same FHA rate.

We managed to pay college loans back, raise three kids and put them through undergrad and grad school, save for retirement and still buy multiple homes. Sure it required working multiple jobs sometimes and doing without but we did it. I’m sure y’all did too. Everyone we knew was doing the same thing.

It’s sad young people today won’t do what their parents and grandparents did to give their children a better life.

The "kids" of today think they should start where their parents finished. I see it everyday appraising homes. Fresh out of college spending $1/2mill on a house.

(09-20-2021 06:26 PM)Eagleaidaholic Wrote:  

(09-20-2021 05:32 PM)CardinalJim Wrote:  

(09-20-2021 04:25 PM)Eagleaidaholic Wrote:  Yellen is on records as saying if the Debt ceiling is not raised soon, it will be catastrophic. Also, look for interest rates to start ticking up soon. That alone will kill the housing market. Interest rates are what has blasted the housing market. People would pshit if they had to pay 7.5% interest like my wife and I did when we bought our first house 23 years ago. Seems like forever. If rates get back up to 5% it would be devastating.

That’s a good point about interest rates. That’s exactly what will kill the housing boom.

We bought our first house in November ‘92. Locked in at 6.25% the day after Bill Clinton was elected.

I always laugh when the millennials whine about not being able to buy a house because of college debt. Interest rates today are at 3.26 for a 30 year fixed and low as 2.56 if you go FHA. You paid almost three times what the FHA rate is today and we paid over twice the same FHA rate.

We managed to pay college loans back, raise three kids and put them through undergrad and grad school, save for retirement and still buy multiple homes. Sure it required working multiple jobs sometimes and doing without but we did it. I’m sure y’all did too. Everyone we knew was doing the same thing.

It’s sad young people today won’t do what their parents and grandparents did to give their children a better life.

The "kids" of today think they should start where their parents finished. I see it everyday appraising homes. Fresh out of college spending $1/2mill on a house.

(09-20-2021 02:45 PM)VA49er Wrote:  Basically, it appears that China may have it's own Lehman Brothers on its hands. The question is if Evergrande goes down does it impact other markets. That uncertainty is what is spooking the market.

Biden needs to provide a Bailout load to Evergande.