Things You Know Will Happen

User avatar
C-Mag
Posts: 28077
Joined: Tue Nov 29, 2016 10:48 pm

Re: Things You Know Will Happen

Post by C-Mag » Fri May 07, 2021 11:15 am

Real estate market crash Q4 FY21

I'm calling it.
PLATA O PLOMO


Image


Don't fear authority, Fear Obedience

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Things You Know Will Happen

Post by Smitty-48 » Fri May 07, 2021 11:23 am

there is really no such thing as a general real estate crash, or even general correction

it's all about location

desirable locations never crash
Nec Aspera Terrent

User avatar
Martin Hash
Posts: 18255
Joined: Wed Jan 20, 2010 2:02 pm

Re: Things You Know Will Happen

Post by Martin Hash » Fri May 07, 2021 11:25 am

Smitty-48 wrote:
Fri May 07, 2021 11:23 am
there is really no such thing as a general real estate crash, or even general correction

it's all about location

desirable locations never crash
You can say that about any bubble except maybe Beanie Babies.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Things You Know Will Happen

Post by Smitty-48 » Fri May 07, 2021 11:26 am

Martin Hash wrote:
Fri May 07, 2021 11:25 am
Smitty-48 wrote:
Fri May 07, 2021 11:23 am
there is really no such thing as a general real estate crash, or even general correction

it's all about location

desirable locations never crash
You can say that about any bubble.
indeed, which is why bubble hysteria doesn't apply unless you are at a bad location relative to it

if you are in a desirable location relative to it, then it is a boon, buy low sell high
Nec Aspera Terrent

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Things You Know Will Happen

Post by Smitty-48 » Fri May 07, 2021 11:29 am

it's like TC"s plan to go the Carolina's

that's a buy if it is a fully detached home within driving distance of the shore

never mind the correction, that will pass, easily ridden out so long as you can cover the mortgage
Nec Aspera Terrent

User avatar
Xenophon
Posts: 2713
Joined: Wed Nov 30, 2016 6:41 am

Re: Things You Know Will Happen

Post by Xenophon » Fri May 07, 2021 12:22 pm

Smitty-48 wrote:
Fri May 07, 2021 11:29 am
it's like TC"s plan to go the Carolina's

that's a buy if it is a fully detached home within driving distance of the shore

never mind the correction, that will pass, easily ridden out so long as you can cover the mortgage
I'm within driving distance to a huge lake. The town I moved to is away from the Urban sprawl, and very quiet, with early 20th century buildings with still operating businesses within. I've replaced the fusebox with a breaker box, added gutters to the roof, and I'm planning to re-do the plumbing with my dad. It was built in 1950, and has some really nice wooden siding.

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Things You Know Will Happen

Post by Smitty-48 » Fri May 07, 2021 12:27 pm

Xenophon wrote:
Fri May 07, 2021 12:22 pm
Smitty-48 wrote:
Fri May 07, 2021 11:29 am
it's like TC"s plan to go the Carolina's

that's a buy if it is a fully detached home within driving distance of the shore

never mind the correction, that will pass, easily ridden out so long as you can cover the mortgage
I'm within driving distance to a huge lake. The town I moved to is away from the Urban sprawl, and very quiet, with early 20th century buildings with still operating businesses within. I've replaced the fusebox with a breaker box, added gutters to the roof, and I'm planning to re-do the plumbing with my dad. It was built in 1950, and has some really nice wooden siding.
I'm not worried about you, God is protecting you, you will be a magnificent dynasty, in the next world to come

things I know will happen
Nec Aspera Terrent

User avatar
SilverEagle
Posts: 2365
Joined: Wed Nov 30, 2016 11:07 am

Re: Things You Know Will Happen

Post by SilverEagle » Fri May 07, 2021 12:56 pm

Smitty-48 wrote:
Fri May 07, 2021 11:23 am
there is really no such thing as a general real estate crash, or even general correction

it's all about location

desirable locations never crash
Corporate real estate crash could be on its way. Companies making positions remote on a permanent basis is very tempting. However that would take two or three years to play out.
There is a time for good men to do bad things.

For fuck sake, 1984 is NOT an instruction manual!

:character-bowser: __________ :character-mario: :character-luigi:

Smitty-48
Posts: 36399
Joined: Wed Nov 30, 2016 3:22 am

Re: Things You Know Will Happen

Post by Smitty-48 » Fri May 07, 2021 1:03 pm

SilverEagle wrote:
Fri May 07, 2021 12:56 pm
Smitty-48 wrote:
Fri May 07, 2021 11:23 am
there is really no such thing as a general real estate crash, or even general correction

it's all about location

desirable locations never crash
Corporate real estate crash could be on its way. Companies making positions remote on a permanent basis is very tempting. However that would take two or three years to play out.
near term covid related, on the longer view the property even without the building on it, is exponentially valuable

at the corporate level they will knock down offices and replace them with condos, ain't no thang
Nec Aspera Terrent

User avatar
The Conservative
Posts: 14719
Joined: Wed Nov 30, 2016 9:43 am

Re: Things You Know Will Happen

Post by The Conservative » Fri May 07, 2021 1:06 pm

C-Mag wrote:
Fri May 07, 2021 11:15 am
Real estate market crash Q4 FY21

I'm calling it.
As long as inflation happens a little bit after, I'm all happy with that... because that is when I'm looking to buy a house...
#NotOneRedCent