Home Ownership

[Patriam1066]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

I met a guy out in the south once who was a waiter and owned a 500k home lol

That's what is going to cause it [You must be logged in to view images. Log in or Register.]

There was a recession 10 years before the depression.

The housing crash was 10 years ago...

It's no big deal, just inevitable [You must be logged in to view images. Log in or Register.]

If we play our cards right during the crash we can have aa civil war 2 and kids of the future will look to history books wondering what that was about it will say "they just really didn't like each other"

Calm down chicken little

[Jibartik]

Hey I said there would be history books.

[Gatordash]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

Ya but what is going to set off the next financial catastrophe?

Will it be just creeping inflation making the whole economy tank?

Combined with workers who don't want to do menial under appreciated work for the same pay they got on vacation?

Or will it be an actual burst bubble of some kind?

I've had concerningly good returns in my 401k in the last 6 years, hopefully that doesn't all disappear.

There in lies the problem with a financial crash. You don't know what is going to cause it or when its going to happen. Could be 3 months from now or 3 years.

[Gatordash]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

Calm down chicken little

Every realtor/loan officer I talk to says a crash like 2008 can never happen again because we have all these restrictions in place so you can't give out bad loans to people. Yet housing prices and inflation is outpacing wages pretty significantly so I don't get where they are finding all these high income earners to keep buying these super expensive homes.

[Gustoo]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

The crash from the depression, among other things, came from people investing too much into a market that seemed to have no ceiling, so the stocks will keep going up and up, oh wait.........

Yeah I've been feeling some yikes.

[Rick Sanchez]

At 16 I had a decent head on my shoulders and started saved up pretty steadily, bought a home at 28. Now at 35 I am mortgage free, for this I am grateful.

[Barik]

Originally Posted by Rick Sanchez [You must be logged in to view images. Log in or Register.]

At 16 I had a decent head on my shoulders and started saved up pretty steadily, bought a home at 28. Now at 35 I am mortgage free, for this I am grateful.

I can tell this dude didn't get caught up in the pussy trap lol.

[HalflingSpergand]

It says he lives in portland, me

[Blingy]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

Every realtor/loan officer I talk to says a crash like 2008 can never happen again because we have all these restrictions in place so you can't give out bad loans to people. Yet housing prices and inflation is outpacing wages pretty significantly so I don't get where they are finding all these high income earners to keep buying these super expensive homes.

One thing I've learned from experts/professionals regarding any industry.....if they talk in absolutes they're typically wrong.

Our house was valued at $260k in 2009, currently we could list it for $850k and get offers over $900k. Knowing what is going on in the greater Seattle area either every major tech company in the area folds/moves or our prices will continue to be nutty.....unless of course we get hit by a GRB then we're fucked.

[Gwaihir]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

Yeah I've been feeling some yikes.

I'm 90% liquid right now after optioning +179% in gains this year. I could sit out for the next year and still be up BIGLY over SPY