Major housing crash coming this winter or sooner

[Walrus]

I stop at the same spot because that's where it ended. Where did I "look up his information?" I only looked at the address he voluntarily provided. I remind you, I told him to delete the info.

You can keep lying, but the thread shows what happened.

Here is what actually happened -- not what the feminist is projecting.

viewtopic.php?f=9&t=3232&start=40

[chiknbut]

I stop at the same spot because that's where it ended. Where did I "look up his information?" I only looked at the address he voluntarily provided. I remind you, I told him to delete the info.

You can keep lying, but the thread shows what happened.

Here is what actually happened -- not what the feminist is projecting.

viewtopic.php?f=9&t=3232&start=40

Hey, I get why you're being so defensive. I would be too if I did the same thing.

Just man up and apologize. Then we can all get past what you've done and hopefully someday forget about it.

[Walrus]

Of course I will defend myself when someone is blatantly lying about me.

[chiknbut]

I stop at the same spot because that's where it ended. Where did I "look up his information?" I only looked at the address he voluntarily provided. I remind you, I told him to delete the info.

You can keep lying, but the thread shows what happened.

Here is what actually happened -- not what the feminist is projecting.

viewtopic.php?f=9&t=3232&start=40

The really amazing thing about the link you posted is that you think it exonerates you. YOU asked him for his address. Then YOU looked up and provided the board with a listing history of someone else's property - without that person's consent. My God, that's horrific.

This is worse than I thought. But thanks for providing the proof. That's a bit more manly that I anticipated.

[Walrus]

Look up the word "voluntary."

[PhDhawk]

So plano posted an address, then shortly after deleted it, and Lobster thinks it's ok for him to post the address again weeks later? got it.

So unmanly.

[chiknbut]

And to think I was starting to believe Lobby/Walrus was turning into legitimate poster on here.

[Walrus]

[Walrus]

It's coming.

"FHA Mortgage Delinquencies Reach a Record, Led by New Jersey"

https://www.bloomberg.com/news/articles ... d%20Monday.

[twocoach]

It's coming.

"FHA Mortgage Delinquencies Reach a Record, Led by New Jersey"

https://www.bloomberg.com/news/articles ... d%20Monday.

Is it?

https://www.reuters.com/article/us-usa- ... SKBN25H1TL

"In signs an economic recovery may be picking up speed, U.S. home sales rose at a record rate for a second straight month in July, and purchasing managers in both the manufacturing and services sectors report business activity has accelerated at a brisker-than-expected pace this month.
...
Home prices also shot to a record $304,100, and a shortage of inventory is making competition for houses fierce. The average time on the market fell to 22 days in July, a record low, from 24 in June, and nearly 70% sold in less than a month."

So if I understand the two pieces put together, it appears that low income people are struggling to make their mortgage payments in record rates while high earners are cruising along just fine, buying and selling real estate at record rates.

Gee, kinda sounds like the people who have been knocking the Trump administration for screwing over the lower class in favor of the upper class may have been right.

[japhy]

https://www.denverpost.com/2020/08/21/u ... pike-july/

https://www.marketwatch.com/story/housi ... 2020-08-18

[PhDhawk]

lol

[jhawks99]

The folks are buying houses.

[twocoach]

Lobster, could you please predict that my next PowerBall ticket will not have all of the winning numbers on it?

[TDub]

4 14 45 51 68. 11

[Walrus]

This will be an amusing thread to revisit in the summer of 2021.

[twocoach]

This will be an amusing thread to revisit in the summer of 2021.

Probably no more amusing as it was when last winter came and went with no crash.

[Deleted User 310]

This will be an amusing thread to revisit in the summer of 2021.

Probably no more amusing as it was when last winter came and went with no crash.

Do you feel the housing market is rock solid?

[Walrus]

Any "good" news on housing is on borrowed time. Most of the activity has been with people buying cheap homes in rural areas or places outside the urban cities. People are leaving places like LA, NY, Seattle in high numbers and that is what is giving this false impression that housing is recovering. Almost no one is buying in the expensive cities, and the riots are making it even harder to sell homes in these areas.

There's so many debt bubbles that are likely to burst after the election that this housing crash could end up being worse than what happened in 2009-2012. Student loans, car loans, credit cards, mortgages -- all of these are a ticking time bomb.

[twocoach]

This will be an amusing thread to revisit in the summer of 2021.

Probably no more amusing as it was when last winter came and went with no crash.

Do you feel the housing market is rock solid?

In 2020,it would be foolish to describe anything as "rock solid". But I do feel that many banks are much better equipped to withstand a hit like this after 2009. Banks got smarter about who they gave money to. Frankly, a settling of thw housing prices could be good to get that a little closer to attainable for more people.

I don't think any drawback will be a crash.