Opinion How do you feel about the economy?

[zebby23]

Typical liberal response, talk shit to me for doing the same exact thing you do then ask me to get you fries lol.

I give what I receive.

Which is probably why I always act shitty to you. I’m capable of discussion although I’m not convinced you are

 

[pinger]

Heading for a major recession.

P to E at unsupportable highs backed by easy credit and QE.

 

[Oblivian]

We just closed on a sale of a home to two Walmart employees that bought a home over the median sales price.

Trust me - there are a lot of bad loans going on out there. The good news is that we aren't seeing many pull out money on cash out refis.

 

[ScottE]

And to the running the country like a business crowd.

If you had a business with a modest growth rate and then took on a bunch of debt in order to help grow your business more, but that growth really didn't change much then your business would be considered in a worse position then it previously was pre-debt.

 

[xcvbn]

We just closed on a sale of a home to two Walmart employees that bought a home over the median sales price.

Trust me - there are a lot of bad loans going on out there. The good news is that we aren't seeing many pull out money on cash out refis.

Homes around me are 3x what they were during the 2008 aftermath and 1.5x the highs just before the crash.

I imagine there's a similar trend nationwide?

 

[Oblivian]

Homes around me are 3x what they were during the 2008 aftermath and 1.5x the highs just before the crash.

I imagine there's a similar trend nationwide?

Our market is not as out of whack as it was in 2007-2008. We aren't getting crazy bidding wars though. I know that's happening all over.

 

[xcvbn]

Our market is not as out of whack as it was in 2007-2008. We aren't getting crazy bidding wars though. I know that's happening all over.

Round here in the Bay Area and also LA there have been foreign investors buying residential properties with cash above asking price for years. Read recently that the Chinese have bought $2T+ in residential homes since 2008

 

[brackis1]

Round here in the Bay Area and also LA there have been foreign investors buying residential properties with cash above asking price for years. Read recently that the Chinese have bought $2T+ in residential homes since 2008

Chinese money is going away though both because of rules, but also their slowing economy. Vancouver is about to bubble burst I've heard.

 

[brackis1]

Homes around me are 3x what they were during the 2008 aftermath and 1.5x the highs just before the crash.

I imagine there's a similar trend nationwide?

I think these areas accelerated a bit more than most areas

 

[xcvbn]

I think these areas accelerated a bit more than most areas

What do you suppose the average home increase(from post recession lows) has been?

Also, how do today's highs compare to 2006-7?

Questions for you too @Oblivian

 

[scoopj]

What do you suppose the average home increase(from post recession lows) has been?

Also, how do today's highs compare to 2006-7?

Questions for you too @Oblivian

I don’t think your starting point should be the bottom. I think you should go a lot further back, like to before the market even started going nuts in the late 90s.

 

[brackis1]

What do you suppose the average home increase(from post recession lows) has been?

Also, how do today's highs compare to 2006-7?

Questions for you too @Oblivian

I think about a 100-150% increase. Much of CA has seen 200%+ and in parts of the Bay Area and LA 300%

 

[Don Quixote]

The economy is kind of like a sphere or ball an a table. It may be ok in the center, but with one sudden bump, it could roll off onto the floor.

 

[hillelslovak87]

Round here in the Bay Area and also LA there have been foreign investors buying residential properties with cash above asking price for years. Read recently that the Chinese have bought $2T+ in residential homes since 2008

Here in WA the Chinese are buying shit up like crazy. Vancouver, Taocma and Seattle are hotspots for land and property grabs from Chinese investment.

 

[tehJameson]

Typical liberal response, talk shit to me for doing the same exact thing you do then ask me to get you fries lol.

So you do work at mcds? I'll take a large fry as well.

 

[bushman505]

So you do work at mcds? I'll take a large fry as well.

Imagine typing that and hitting post, you really are pathetic. I guarantee I’m more successful that you are in every aspect of life.

Keep obsessing over me though, it’s cute.

 

[machidafan99]

We're in that part of the cycle where things slow down.

 

[Oblivian]

What do you suppose the average home increase(from post recession lows) has been?

Also, how do today's highs compare to 2006-7?

Questions for you too @Oblivian

My market isn't near as bad as others. It depends on the area within our market. We have some rentals that are selling for over double what they were immediately post recession. We have many single family homes that are only selling at about 125%-150%.

My main concern isn't so much the housing prices. Even without inflated prices, there are still people who aren't going to be able to make their mortgage payment. Lending standards are still an absolute joke.

 

[Andy Capp]

Prvove me wrong troll

I’m against whiny ass little bitches

LOL @ the projection.
The troll whiny ass little bitch ITT is the one sending whiny ass little bitch pm's to people he doesn't know in the hopes of getting a rise. How's that working out for ya?

 

[drstrangelov]

I don’t think the level of growth from the last few years can continue. There’s not a lot of slack left in the workforce. So, even with great ideas and high ambition, it’s going to be harder to grow in the next few years than it’s been coming out of the recession. Talent is getting more and more expensive as the number of jobs wildly exceeds the number of qualified workers.