1 1/2yrs of arguing when it’s going to fall and we’re taking bets on when it’s going to explode.
The cash buyers is interesting. I read a few articles about out of country purchases such as China dropping cash which keeps the pricing high. Also read that after the 08 loan crap the inventory was pretty high and a lot of hedge funds and corporations buying single family homes which is driving the prices and rents. A new bill was just introduced that would require them to liquidate over 10 years or face severe tax penalties. It will be interesting to see how that would affect the market if they started dumping SFH in the inventory.
“History never repeats itself, but it does often rhyme.” - Mark TwainWe are coming up on a decade now.
Hedge funds buying up all the homes is a fake-news scare tactic to hate those “big mean corporations”.
There's nothing better then a paid-off house. It's at that point you realize just how how broke you are.
Lol I did that the first month we owned the house so I’m sure by the time it’s paid off we’ll be about dueThere's nothing better then a paid-off house. It's at that point you realize just how how broke you are.
I had to replace my 20-year-old air conditioner the same month I paid off the house.
It's called generational wealth.
“Buy if you qualify”
It's called generational wealth.
If you don't have it, it’s called Generational trauma.
Blame your parents, don't blame the government.
I had wanted to do it for years... Then this last year my moms house that other family had rented for years was vacant and in rough shape. After a bunch of debates about what to do I ended up taking the project on to upgrade/rehab and get it sold for her. That way she could have a little nest egg. I covered the costs of everything and she just paid me back what I put in nothing else when she sold. Ended up doing almost everything solo or with a couple buddies, I subbed out the roof (complete tear off) and carpet. A ton of work, lots of skim coating, textured the entire house, electrical work, plumbing work, new flooring where carpet didnt go, all new kitchen, all new bathrooms, new windows, paint inside and out. It took about 3 months, lots of evening hours off work, fridays I'd stay until about mid night and then back at all weekend for 12 plus hours each day. I took one day off for the Superbowl. (I have a very understanding wife lol). We had the house sold before I was even done to the neighbors son, No agents involved.
Exactly, i was raised on you are working for the next generation! As long as they are worthy of it.It's called generational wealth.
If you don't have it, it’s called Generational trauma.
Blame your parents, don't blame the government.
There's nothing better then a paid-off house. It's at that point you realize just how how broke you are.
I had to replace my 20-year-old air conditioner the same month I paid off the house.
Lol I did that the first month we owned the house so I’m sure by the time it’s paid off we’ll be about due
I just don’t see it. This country has never been in worse shape. Definitely don’t believe government numbers on inflation and employment. Government and personal debt is thru the roof.
if inflation is hotter than what’s being reported wouldn’t real estate, metals and physical goods be the better investment?
Which has me questioning them leaving the dollar for oil purchases. Are they just taking the L and trying to make it up somewhere else?
But why would China want to use their currency (devaluing the Dollar) for oil purchases while they hold a bunch of our notes? They’ve already “leant” the money, so why would they want to devalue their investment?
You might be right about the Biden admin, but we are at record levels right now when it comes to oil production.
Does anyone have a feel for price cuts on automobiles these days? I'm still not seeing any significant depreciation in the asking prices yet, but perhaps they are dealing in person. It looks like the nice older stuff is moving private party; the more modern dealer stuff seems to be sitting for what I have been looking at.
Depending on what brand of car. Porsche still has markups and popular models, might get MSRP on Escalades. I received about 5% off my BMW X7 m60i on a custom build, but hearing from others getting closer to 10% off on floor units.
Certain stuff is coming back down to reality. Chrysler products seems to be down almost across the board with incentives and special financing.
yep! still better than MSRP though.$10k off the $15K increased MSRPs over the last couple years
Ram,Chrysler, and Dodge have the most inventory currently. I imagine they will be the first to make deals.
1 1/2yrs of arguing when it’s going to fall and we’re taking bets on when it’s going to explode.
Buddy just bought a 2024 Silverado 2500 zr2 for $7k off msrp. Had to go to Indiana to get it.
Now I want to panic lol. I haven’t been told by my Uber driver to buy yet so I think we’re still ok.
