What About this Real Estate Market?

Wait until the real estate market corrects, you'll find plenty of deals. Luxury cars and real estate too!

What does your crystal ball tell you?

What does your crystal ball tell you?

I gave up about two years ago predicting the end. It'll happen eventually, but it won't be as bad as 2008.

It's going to be far worse than 08 in my opinion. You will start to see increased foreclosures (already up 39% this year). When inflation hits 7% (probably in June) watch out. Companies will start with employee reduction, those people can't pay their mortgages or rent, then it starts. This economy has been built with a house of cards, REITS, the money comes from the stock market. It is coming, expect major changes. But yes, luxury items are the first to start go.

It's going to be far worse than 08 in my opinion. You will start to see increased foreclosures (already up 39% this year). When inflation hits 7% (probably in June) watch out. Companies will start with employee reduction, those people can't pay their mortgages or rent, then it starts. This economy has been built with a house of cards, REITS, the money comes from the stock market. It is coming, expect major changes. But yes, luxury items are the first to start go.

How would it be like 08? That was the collapse of liars loans and subprime mortgages that aren't being generated anymore. Short sales will be more prevalent.

The current glut of foreclosures is due to people not understanding mortgage forbearance and being unable to make all the back payments owed. It's not really anything to do with inflation, yet.

SoWal is its own bubble. We are on the path of Florida hot spot over development we have seen again and again.

I'm not buying anything right now. Everything is overpriced.

Don’t you love it when real estate agents complain about inflation?

Just my opinion.

Currently the foreclosure rate is historically low when it comes to the 30 and 90 day rates. I do not think you will see a massive foreclosure sell off. I know there have been a lot of cash sales, what I do not know is whether these people are cash out refinacing after the closing date.

Our current Days on Market and absorption rate is really low as well.

I do believe that these higer interest rates will curb a little of the primary home market volume, even though the current rates are historically low comparatively. If you look back at the 80s and 90s rates were much higher. With that being said, home prices are considerably higher as well.

I do not think there will be a crash, a correction or a plateau?

I do know that there are tons of investors, both retail and institutional, picking up parcels in the surrounding areas.

It should be interesting to see though as none of us can see the future yet are all subject to it.

How would it be like 08? That was the collapse of liars loans and subprime mortgages that aren't being generated anymore. Short sales will be more prevalent.

The current glut of foreclosures is due to people not understanding mortgage forbearance and being unable to make all the back payments owed. It's not really anything to do with inflation, yet.

The same situation in that the liars are the investors, REITs are pushing up values and making housing unaffordable, when they can't rent, what do you think will happen? They are overpaying on purpose, these are not safe investments for those thinking REITs are a good investment. It is inflation. The inflation also includes food shortages, coming soon,, increased, and unjustifiable rents, costs of goods, and everything inflation touches. It is here now, not quite sure where you are not seeing the effects, all grocery is up, everything is more expensive. This is really bad politics by the Biden Administration and Gates, Soros, the rest of the criminals. Just a sad place we are in and what is coming is even worse.

The same situation in that the liars are the investors, REITs are pushing up values and making housing unaffordable, when they can't rent, what do you think will happen? They are overpaying on purpose, these are not safe investments for those thinking REITs are a good investment. It is inflation. The inflation also includes food shortages, coming soon,, increased, and unjustifiable rents, costs of goods, and everything inflation touches. It is here now, not quite sure where you are not seeing the effects, all grocery is up, everything is more expensive. This is really bad politics by the Biden Administration and Gates, Soros, the rest of the criminals. Just a sad place we are in and what is coming is even worse.

I'm sorry you lost me at conspiracy theory.

The same situation in that the liars are the investors, REITs are pushing up values and making housing unaffordable, when they can't rent, what do you think will happen? They are overpaying on purpose, these are not safe investments for those thinking REITs are a good investment. It is inflation. The inflation also includes food shortages, coming soon,, increased, and unjustifiable rents, costs of goods, and everything inflation touches. It is here now, not quite sure where you are not seeing the effects, all grocery is up, everything is more expensive. This is really bad politics by the Biden Administration and Gates, Soros, the rest of the criminals. Just a sad place we are in and what is coming is even worse.

Stay in Birmingham.

The same situation in that the liars are the investors, REITs are pushing up values and making housing unaffordable, when they can't rent, what do you think will happen? They are overpaying on purpose, these are not safe investments for those thinking REITs are a good investment. It is inflation. The inflation also includes food shortages, coming soon,, increased, and unjustifiable rents, costs of goods, and everything inflation touches. It is here now, not quite sure where you are not seeing the effects, all grocery is up, everything is more expensive. This is really bad politics by the Biden Administration and Gates, Soros, the rest of the criminals. Just a sad place we are in and what is coming is even worse.

Welcome to free market capitalism. Corporate profits highest in fifty years. Shortage of truckers because wages down 50% adjusted for inflation. Autos up because manufacturers failed to sustain chip orders from suppliers and they moved on. Record income inequality. Texas Governor blocking trucks at border for political theater.
The government does not control supply lines or inventory that is the responsibility of business. Coming back from a negative job gain dead economy doesn’t happen over night.
Conservatives want government to stay out of business until they fuk up then they point fingers and want a quick solution or a bail out.

It's going to be far worse than 08 in my opinion. You will start to see increased foreclosures (already up 39% this year). When inflation hits 7% (probably in June) watch out. Companies will start with employee reduction, those people can't pay their mortgages or rent, then it starts. This economy has been built with a house of cards, REITS, the money comes from the stock market. It is coming, expect major changes. But yes, luxury items are the first to start go.

Well, its started. How does it feel to be right....

Well, its started. How does it feel to be right....

Which part?

When the Realtors start waiting tables and working at the outlets, then it's started.

Well, its started. How does it feel to be right....

Not good, but I will survive.

Not good, but I will survive.

Posting from your Gulf front balcony in Alys Beach? :lol:

The same situation in that the liars are the investors, REITs are pushing up values and making housing unaffordable, when they can't rent, what do you think will happen? They are overpaying on purpose, these are not safe investments for those thinking REITs are a good investment. It is inflation. The inflation also includes food shortages, coming soon,, increased, and unjustifiable rents, costs of goods, and everything inflation touches. It is here now, not quite sure where you are not seeing the effects, all grocery is up, everything is more expensive. This is really bad politics by the Biden Administration and Gates, Soros, the rest of the criminals. Just a sad place we are in and what is coming is even worse.

When the average worker is hurt the most and corporate profits are at record highs it’s not inflation it’s corporate greed.
The costs of pulling oil out of our public lands is no higher now than a year ago, it’s f****ng greed and we are being f****d.
Also the private sector is in charge of supply chains not the government.

Enablers