If you are going to sell SELL VERY SOON....

[2Driver]

Heard on one of the news outlets that Goldman Sachs is predicting 11 rate hikes in the next 24 months. I think that will cool things off considerably.

Who knows, those bank predictions are usually off a bit. Even so that would bring the fed funds rate to around 3.5% ish. It was 2.5 in 2019 and over 5% in 2008. This doesn’t even include reducing the US bond holdings the fed has, that reduction starting this summer is predicted to be a 1/4 point increase effect for every Trillion in bonds they let off and there are 9 trillion to get rid of.

Unfortunately for retirees that thought bonds and fixed income were safe places for the past 5 years just had the shit kicked out of their “safe” portfolios and its going to get worse.

 

[gqchris]

They might be right ?

Or it might be like asking a dog if it's hungry.

They might be right ?

Or it might be like asking a dog if it's hungry.

Exactly. What real estate agent in their right mind would say “nope. Dont buy!” Lol

 

[Your ad here]

Exactly. What real estate agent in their right mind would say “nope. Dont buy!” Lol

Only thing I can think of is interest rates. Go put in numbers on Google's mortgage calculator. Mortgages get expensive quick, well actually your income buys you a lot less house.
With $60K as a down payment, an $80K/yr. income will get you a purchase price of $446K with a 3% interest rate.
Same $60K as a down payment, same $80K/yr. income will get you a purchase price of $343K with a 7% interest rate.
About $100K difference in value in what the same income and down payment can get you. $100K extra definitely gets you more house. I see prices leveling off and becoming the new normal. Don't think houses will drop enough in price to offset the interest increase.
Sheesh, just the difference between 5% and 7% is $50K of value. $50K is the tipping point of getting into that next level house.

 

[Orange Juice]

Look at this knuckle fuck. Chill bro you in Apple Valley. Same street as me. View attachment 1108646

$700,000 is the new $70,000.

 

[LargeOrangeFont]

I’m watching that lot as well. Just licking my chops for when they start sitting on units for a while.

Why in TF would you do that when you could buy some “overly leveraged”person’s 18 month old unit for 50% or more off MSRP.

If you believe what you indicate, there will be no reason to set foot on a dealer lot to throw good money away on a rapidly depreciating asset. Buy one that has already depreciated, and has had its build flaws fixed by the original owner.

 

[LargeOrangeFont]

Exactly. What real estate agent in their right mind would say “nope. Dont buy!” Lol

It’s the fucking exact opposite. Probably time to wait and see, unless the deal just makes sense.

 

[Wheeler]

Housing, Cars new and used sales are all slowing down. Instead of 7-10 buyers bidding on houses most professional real estate sites say they have dropped and are averaging 1-2 and rarely 3 offers and less folks trying to outbid others, existing home sales dropped to lowest level since 2020 and slowing even further, used vehicles have dropped on both sales volume and prices, new vehicles to follow soon. If you have a buyer for your house at a great price----SELL SELL SELL before the rates drive the market down down down...then BUY BUY BUY lol lol....
And to those in the housing market that say it will keep going up but facts are facts and facts don't lie.

I'm taking your advise and started listing crap I don't need or use. The power caster is a good example. I have 4 trucks and a tractor what could I possibly need some trailer mover thingy for?

Next on the list is that damn jet Bote' I have no use for!

 

[LazyLavey]

I aint sellin' shit!




But seriously, Sell the truck for 10k more than I paid? Still have to buy another.
Sell the Yukon for some stupid inflated price? Wife wants an Escalade.
Sell the boat for 3 times what I paid? Then I'd want a Tiger for 4 times what I paid.
Sell the house for 2.5 mil? Now need to go move somewhere else and be taxed at new rate etc. etc.


Unless you have a fleet of toys and houses and shit and can sell without needing to replace, meh, it's all relative.

It's all relative....

 

[LazyLavey]

IS it possible??

 

[OldSchoolBoats]

Shocking......haven't you been calling this since 2015?

Nobody cares......work harder and stop your doom and gloom BS.

 

[regor]

IS it possible??

View attachment 1108739

 

[badgas]

Shocking......haven't you been calling this since 2015?

If you keep predicting it eventually you will be right.

Financial analysts and weather forcasters can be wrong all the time and people still listen to them every day.

If you can afford to buy a home then everyday is good day to buy. By "afford" a home I mean you have a solid job and your payment is a small enough part of your income so you can still eat and buy insurance invest in retirement cover emergencies etc.

 

[Wheeler]

Shocking......haven't you been calling this since 2015?

Nobody cares......work harder and stop your doom and gloom BS.

Sell Sell SELL! This thread put me in the sell mode! Everything must go! Joe, what do you need? I bet I've got at least two of whatever it is you need or desire!

Going onto Loopnet and putting the ranch up for sale after that I'll have no need for the tractor and it'll be up on the chopping block! the river house might be the next thing to go ...

 

[beerrun]

The rv dealer in vegas off the 95. Has been full to the brim for months now and don’t see any of them moving.
I’m going to post my boat up on Su

The rv dealer in vegas off the 95. Has been full to the brim for months now and don’t see any of them moving.
I’m going to post my boat up on Sunday

Tell me about your boat we are looking

 

[Done-it-again]

for the guys looking for trailers, do you think you will pick one up on the cheap soon? I don't... maybe in 3yrs

People still want to travel, have you flown lately, stayed in a hotel, rented a car? Those prices have shot through the roof.

IMO trailers will still be moving, maybe not with a super high mark up, but you wont be getting one for pennies on the dollar.

Damn, I tried to get more camping days for our South Dakota and Yellowstone trip coming up and all is full. Still busy out there.

 

[Cdog]

for the guys looking for trailers, do you think you will pick one up on the cheap soon? I don't... maybe in 3yrs

People still want to travel, have you flown lately, stayed in a hotel, rented a car? Those prices have shot through the roof.

IMO trailers will still be moving, maybe not with a super high mark up, but you wont be getting one for pennies on the dollar.

Damn, I tried to get more camping days for our South Dakota and Yellowstone trip coming up and all is full. Still busy out there.

I just bought a 2022 Momentum 398M-R. Gonna leave to get it on May 3rd.

I paid a little more than what you would have paid in 2020 for a loaded unit. But 20k cheaper than local and 10k cheaper than any other deal I could find. 29.5% off msrp. Has everything but solar and exterior paint. I'm 45 with two kids 11 & 14. This is the one thing we all enjoy doing together so YOLO! Plans to do the June sprints next year and then keep going to Virginia then down the eastern seaboard to the Keys. Kids are hooked on OBX show and love Florida. My sister is in Ft. Lauderdale. So what the hell, why not?

This is our 4th trailer. It's got plenty of room for my race car in the 18 ft. garage, 2 Jumping jack beds in the garage, 1/2 bath for the girls. Rear patio set up, outdoor TV. 44ft of big bitch!

I'm seeing some decent deals on higher end trailers though. I have very specific needs because of the size of the garage.

 

[Go-Fly]

As of the first of the year 52% of the working population could not cover a $1000 crisis. 5% inflation will over come that soon and make more households struggle. Money is a funny creature were the poor generate the economy and Wall Street controls the wealth. We are at a tipping point not because if you say it enough it comes true. We are at a tipping point because half the working class is running out of money. Call it what you want, when Joe worker stops going out for dinner and buying bling for their house, it all comes to a stop. The good thing is, The Big Guy has a plan.

 

[Riverryder]

Tell me about your boat we are looking

96 230 eagle

 

[Bowtiepower00]

I just bought a 2022 Momentum 398M-R. Gonna leave to get it on May 3rd.

I paid a little more than what you would have paid in 2020 for a loaded unit. But 20k cheaper than local and 10k cheaper than any other deal I could find. 29.5% off msrp. Has everything but solar and exterior paint. I'm 45 with two kids 11 & 14. This is the one thing we all enjoy doing together so YOLO! Plans to do the June sprints next year and then keep going to Virginia then down the eastern seaboard to the Keys. Kids are hooked on OBX show and love Florida. My sister is in Ft. Lauderdale. So what the hell, why not?

This is our 4th trailer. It's got plenty of room for my race car in the 18 ft. garage, 2 Jumping jack beds in the garage, 1/2 bath for the girls. Rear patio set up, outdoor TV. 44ft of big bitch!

I'm seeing some decent deals on higher end trailers though. I have very specific needs because of the size of the garage. View attachment 1108774

That’s a badass rig, would love to see a post about it in the RV section. Congrats.

 

[Cdog]

That’s a badass rig, would love to see a post about it in the RV section. Congrats.

Thanks! Can’t wait to go pick it up. Will do.

 

[Bowtiepower00]

Are you going to strip the decals? I just did mine, looks way better. See my post in the RV section.

 

[Vib]

I just bought a 2022 Momentum 398M-R. Gonna leave to get it on May 3rd.

I paid a little more than what you would have paid in 2020 for a loaded unit. But 20k cheaper than local and 10k cheaper than any other deal I could find. 29.5% off msrp. Has everything but solar and exterior paint. I'm 45 with two kids 11 & 14. This is the one thing we all enjoy doing together so YOLO! Plans to do the June sprints next year and then keep going to Virginia then down the eastern seaboard to the Keys. Kids are hooked on OBX show and love Florida. My sister is in Ft. Lauderdale. So what the hell, why not?

This is our 4th trailer. It's got plenty of room for my race car in the 18 ft. garage, 2 Jumping jack beds in the garage, 1/2 bath for the girls. Rear patio set up, outdoor TV. 44ft of big bitch!

I'm seeing some decent deals on higher end trailers though. I have very specific needs because of the size of the garage. View attachment 1108774

Nice TH!!

 

[Cdog]

Are you going to strip the decals? I just did mine, looks way better. See my post in the RV section.

I think so. Probably have this one ceramic coated too

 

[Bowtiepower00]

I think so. Probably have this one ceramic coated too

Mine sits in a garage so not committing to the ceramic quite yet. But having the detailer come over early may for a wash and wax. 350 to keep my ass from falling off a ladder is worth it to me.

 

[Cdog]

Mine sits in a garage so not committing to the ceramic quite yet. But having the detailer come over early may for a wash and wax. 350 to keep my ass from falling off a ladder is worth it to me.

Lots of sunburns spending half the day trying to get the bugs off the front cap. At minimum I’d do the cap.

 

[Flying_Lavey]

for the guys looking for trailers, do you think you will pick one up on the cheap soon? I don't... maybe in 3yrs

People still want to travel, have you flown lately, stayed in a hotel, rented a car? Those prices have shot through the roof.

IMO trailers will still be moving, maybe not with a super high mark up, but you wont be getting one for pennies on the dollar.

Damn, I tried to get more camping days for our South Dakota and Yellowstone trip coming up and all is full. Still busy out there.

You're right, they do. But there were MANY families that jumped into a RV with both feet and zero experience. I saw MANY on the lots in 2020 and 21. Those people have almost zero clue how expensive they can be just to own with storage and maintenance. Let alone the massive increase in fuel costs. They are also the ones that can only manage to go to campgrounds with hook-ups. As soon as their reserves get depleted, you know what will be the first thing to go...

 

[BHC Vic]

Some people just like new stuff… I’m one of them. We didn’t want to buy a used boat for less money. We wanted to build a new boat exactly the way we wanted. The process was part of the price.

 

[Bowtiepower00]

Lots of sunburns spending half the day trying to get the bugs off the front cap. At minimum I’d do the cap

You're right, they do. But there were MANY families that jumped into a RV with both feet and zero experience. I saw MANY on the lots in 2020 and 21. Those people have almost zero clue how expensive they can be just to own with storage and maintenance. Let alone the massive increase in fuel costs. They are also the ones that can only manage to go to campgrounds with hook-ups. As soon as their reserves get depleted, you know what will be the first thing to go...

Most people think the RV life is easy, and all roses. It’s not. It’s a PITA. Especially when the misses doesn’t contribute and wants to bring every goddamn comfort from home. I have neighbors with $150k rvs that are 45’ long with heated massage chairs. It Only adds to the complications. I want the simplest rig that I can setup by myself in under 30 minutes. That is not also the biggest most expensive rig on the lot.

 

[Cdog]

Most people think the RV life is easy, and all roses. It’s not. It’s a PITA. Especially when the misses doesn’t contribute and wants to bring every goddamn comfort from home. I have neighbors with $150k rvs that are 45’ long with heated massage chairs. It Only adds to the complications. I want the simplest rig that I can setup by myself in under 30 minutes. That is not also the biggest most expensive rig on the lot.

In 10 minutes I can un hook, hit auto level, open the slide outs and be relaxing in my vibrating heated lounge couch having a cold beer.

Haha!!

 

[Bowtiepower00]

In 10 minutes I can un hook, hit auto level, open the slide outs and be relaxing in my vibrating heated lounge couch having a cold beer.

Haha!!

I agree. But for most, especially those not used to driving or towing large trailers- it’s not that easy. Our first few trips we brought everything including the kitchen sink. That quickly changed. Lol.


And I don’t even have auto level. Full KISS on the new rig. Less to break on the road. No slides, no nothing. Lol.

 

[boatpi]

Well as far as real estate, there’s no house for sale within a half a mile of my house in Huntington Beach and almost the same for my primary house in Las Vegas. Everything is regional and those two places are still smoking hot. there’s a lack of inventory it’s a simple as that.

 

[HB2Havasu]

We might see a slow down but I kind of doubt it.

They’ll just move the goal posts. I bet we see 40 year mortgages become the new standard in 3-5 years.

Car loans will be 9-10 year term.

If spending slows financial institutions will find a way to kickstart it.

Since when have “they” ever played by the rules.

Hope I’m wrong. Can’t wait to buy the mammoth house and new Hallett.

Gotta go, getting into town and boat needs fuel

I kind of use the Dave Ramsey standard for buying vehicles which is: If you have to finance a car, you can’t afford it!!

What people always seem to forget is economies are cyclical. They always goes down after going up. Unfortunately we have an administration is Washington that believes they can spend their way out of every problem. Now your going to see the result with Stagflation. Elections have Consequences. Don’t vote for idiots next time!!!

 

[lbhsbz]

Lots of sunburns spending half the day trying to get the bugs off the front cap. At minimum I’d do the cap.

I thought you had kids?

 

[Cdog]

I thought you had kids?

Daughters are only good for telling you that you missed a spot.

 

[Cdog]

I kind of use the Dave Ramsey standard for buying vehicles which is: If you have to finance a car, you can’t afford it!!

What people always seem to forget is economies are cyclical. They always goes down after going up. Unfortunately we have an administration is Washington that believes they can spend their way out of every problem. Now your going to see the result with Stagflation. Elections have Consequences. Don’t vote for idiots next time!!!

Dave Ramsey is equal to the range master that requires flags in the chamber when the range is cold. He preaches to the lowest common denominator in the financial world because there are sadly that many clueless people out there.

While I agree and teach my children many of his common sense methods as a foundation, there is a certain point where he's so conservative that opportunity not only flys by but it's at 30,000 feet above his methods.

If you need a car/truck and you've got the income, deducting or making money with it than I see no issue with financing it.

All my vehicles are paid for but I just financed 40% of my new Toyhauler. But it will be paid off in 24 months.

The fact that that many people need Dave Ramsey‘s teachings is evidence of why people vote the way they do.

 

[cofooter]

He is all about being debt-free..... he's a fun-hater....

 

[monkeyswrench]

Dave Ramsey is equal to the range master that requires flags in the chamber when the range is cold. He preaches to the lowest common denominator in the financial world because there are sadly that many clueless people out there.

While I agree and teach my children many of his common sense methods as a foundation, there is a certain point where he's so conservative that opportunity not only flys by but it's at 30,000 feet above his methods.

If you need a car/truck and you've got the income, deducting or making money with it than I see no issue with financing it.

All my vehicles are paid for but I just financed 40% of my new Toyhauler. But it will be paid off in 24 months.

The fact that that many people need Dave Ramsey‘s teachings is evidence of why people vote the way they do.

At my current income level, the Ramsey thing makes sense. Previously though, from a dependability standpoint, it was better to be making payments on a truck. Like a mechanic making payments to the "rape van", a good truck was the single most important tool.


Side note: on your new toy hauler, is the gate long enough to get your race car in, or will you need extensions? Seen a bunch of different ways, so curious as to what and how.

 

[Go-Fly]

The only thing that you should be able to finance over 6 months, is your home. Being able to make payments doesn't increase your buying power, just the opposite. What it does is make you spend more money then you have. Marketing tells you that everything you have, from your penis to your house is to small and no good. For low monthly payments you can make it all better.

 

[Nosocks]

If you’re getting a 2% or less financing deal from the manufacturer, this is effectively free money. Finance away.

I even use the amazon pay plans for larger purchases like a mattress or appliance. It’s a 0% interest loan.

As long as you keep the usual 6 months cash reserves for everything that you finance, it’ll generally be fine. This should include typical depreciation if it’s a boat or RV.

That said, I’ll admit that being debt free is a huge relief.

 

[Looking Glass]

If you’re getting a 2% or less financing deal from the manufacturer, this is effectively free money. Finance away.

I even use the amazon pay plans for larger purchases like a mattress or appliance. It’s a 0% interest loan.

As long as you keep the usual 6 months cash reserves for everything that you finance, it’ll generally be fine. This should include typical depreciation if it’s a boat or RV.

That said, I’ll admit that being debt free is a huge relief.

"IF"

 

[COCA COLA COWBOY]

But it's just going to keep going up, up and up!

 

[Cdog]

At my current income level, the Ramsey thing makes sense. Previously though, from a dependability standpoint, it was better to be making payments on a truck. Like a mechanic making payments to the "rape van", a good truck was the single most important tool.


Side note: on your new toy hauler, is the gate long enough to get your race car in, or will you need extensions? Seen a bunch of different ways, so curious as to what and how.

I have a 12 inch tall race ramps to get it up to the gate. Also extend the front landing gear to full lift. The car goes on transport wheels. Those are 33 inch tall motorcycle wheels to give me 3.5 inch of ride height. In race trim I'm about 30mm ride height in the front and about 45mm in the rear.

 

[Cdog]

The only thing that you should be able to finance over 6 months, is your home. Being able to make payments doesn't increase your buying power, just the opposite. What it does is make you spend more money then you have. Marketing tells you that everything you have, from your penis to your house is to small and no good. For low monthly payments you can make it all better.

I get what youre saying based on principles. But our society departed from that mindset when two income households became the norm. Everyone should look at credit & debt as a business decision. The banks, lenders and everyone involved do.

Opportunity lies in-between these bubbles. The smart see them for what they are and take advantage when the time is right. Our version of crony capitalism is a game. Some are better at it than others.

See it for what it is and figure out a way to capitalize on it.

 

[monkeyswrench]

I have a 12 inch tall race ramps to get it up to the gate. Also extend the front landing gear to full lift. The car goes on transport wheels. Those are 33 inch tall motorcycle wheels to give me 3.5 inch of ride height. In race trim I'm about 30mm ride height in the front and about 45mm in the rear.

View attachment 1108896 View attachment 1108897

That's cool! I didn't think about it being open wheel, and being able to put taller rollers on it.

 

[LuauLounge]

I don't subscribe to, he with the most money, when he dies, wins.........
Keep your spending under control, never be upside down on any financing, from day one.

 

[Cdog]

That's cool! I didn't think about it being open wheel, and being able to put taller rollers on it.

It's like how they transport a monster truck. But opposite. HAHA!

 

[monkeyswrench]

It's like how they transport a monster truck. But opposite. HAHA!

That's why I find it funny! I've swapped 66's and put 22.5's on to get a truck on or in a trailer. Advantage you have though, one wheel and tire in each hand loading. "Race" 66's with rim are about 500lbs, farm take offs on rims are around 850! Have to be real careful rolling them off the trailer

 

[2Driver]

In 10 minutes I can un hook, hit auto level, open the slide outs and be relaxing in my vibrating heated lounge couch having a cold beer.

Haha!!

Our elderly neighbors offered us their 36’ Montana with 5 slides and their Ram 3500 dually for free for the summer since they are getting too old to use it. The thing scared the shit out of me - no way.

 

[Cdog]

Our elderly neighbors offered us their 36’ Montana with 5 slides and their Ram 3500 dually for free for the summer since they are getting too old to use it. The thing scared the shit out of me - no way.

Pussy

 

[awesome1]

Houses, cars, rv's blah blah blah. Let me know when Howard deck boats are on sale