Economy The great housing market crash of 2022

spacegnome said:
yes that video is talking about the issue through principles... you just haven't thought deeply about it. you are just splitting hairs for no reason because your ego cannot allow you to be agreeable here. these ideas are totally new to you.... you've never heard them before, and you are not humble enough to ask questions that might help you understand them.

pretending i have not posted anything these parents do is realy disingenuous.... first of all you haven't asked and second of all its a lie. ive said they keep their kids off of social media to a very large extent. that is pretty much all you need to know when the subject is the damage social media causes lol.... ill add that if there is any time allowed it is in the living room with a parent sitting with them just like any good parent would do with a pg movie...... and the time spent is very limited. i have already shared that they help kids to frame the toxic and sad addictive pop culture that social media promotes and see through it and not be enamored by it. and ive also already said they educate their kids on the damages that social media does to peoples minds/perspectives and point it out when it is displayed by freinds...

ill add that my daughter has been meditating for 20 to 40 minutes twice a day for years and that in itself has caused her to naturally see through pop culture, pop music, corporate manipulation to get a person brand loyal, social media and many other issues that seem to grow only in an unhealthy and thought addicted mind that has lost touch with its natural compassion and gentleness and stillness. this natural depth causes one to see though empty culture, is progressive, and deepens over time, and is equal to the task at hand i think. but i don't think this is a necessary component as lots of the parents i know who have been successful at this have not taught that skill to their kids.

anyway man..... if you want it to be black and white let it be that for you. that's just not my experience.
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I haven't thought deeply about some dude repeating the same anti-capitalism crap that all of these guys say? Wake me up when he delves into something new, not recycled ideas going back to the 60s. Maybe it's the first time that you've heard it but, trust me, it's not new. People have thought deeply about this subject for decades.

You had not posted what they do or any decisions that they have made. I don't watch tv to a large extent...which means I do watch tv. What am I watching? How often do I watch? What am I actually doing. Use that an example and then fill in the blanks with parenting decisions and the perspectives from the children on their social experiences.

Try not to be obsessed with pop culture since the impacts of social media on children's social world is not about pop culture. It is about peer acceptance. The associated difficulties in peer acceptance can arise in the Robotics club as easily as they arise around the latest pop song. So, while it's great that people can tune out pop culture, pop culture isn't the issue at hand. That's just the surface shit that people focus on when they don't know that they should be looking deeper.

It's nice that your daughter meditates. It's literally part of the school curriculum where my son attends. Everyone is meditating. It doesn't stop the normal biological and social pressures and changes that kids go through. And so it doesn't stop the development of in-groups and out-groups and the complex process of establishing social hierarchies that are a normal part of the development process as kids enter and exit puberty.

Thus it has no effect on how social media impacts and shapes the formation of those social groups and how kids respond to being accepted or rejected by the social groupings that they aspire to.

It's not about pop culture, it's about complex social hierarchies and how kids respond to those changing hierarchies in the context of their self-image.
 
panamaican said:
I haven't thought deeply about some dude repeating the same anti-capitalism crap that all of these guys say? Wake me up when he delves into something new, not recycled ideas going back to the 60s. Maybe it's the first time that you've heard it but, trust me, it's not new. People have thought deeply about this subject for decades.

You had not posted what they do or any decisions that they have made. I don't watch tv to a large extent...which means I do watch tv. What am I watching? How often do I watch? What am I actually doing. Use that an example and then fill in the blanks with parenting decisions and the perspectives from the children on their social experiences.

Try not to be obsessed with pop culture since the impacts of social media on children's social world is not about pop culture. It is about peer acceptance. The associated difficulties in peer acceptance can arise in the Robotics club as easily as they arise around the latest pop song. So, while it's great that people can tune out pop culture, pop culture isn't the issue at hand. That's just the surface shit that people focus on when they don't know that they should be looking deeper.

It's nice that your daughter meditates. It's literally part of the school curriculum where my son attends. Everyone is meditating. It doesn't stop the normal biological and social pressures and changes that kids go through. And so it doesn't stop the development of in-groups and out-groups and the complex process of establishing social hierarchies that are a normal part of the development process as kids enter and exit puberty.

Thus it has no effect on how social media impacts and shapes the formation of those social groups and how kids respond to being accepted or rejected by the social groupings that they aspire to.

It's not about pop culture, it's about complex social hierarchies and how kids respond to those changing hierarchies in the context of their self-image.
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On my phone now so may need editing.


You are broadening the discussion and that's fine but let's stay focused here. My position is that you CAN mitigate the damage social media causes kids to a very large extent and you can raise kids in an environment of meaning that naturally prohibits addiction to social media and the desire to engage in it. I think if you are getting traumatized by social media you have volunteered for that to a very large extend by choosing to engage in it unnecessarily. You disagree. That's the topic being discussed here and I insist on keeping that the topic.

I and others have found a way to successfully navigate that world. You think that's not possible and are trying to force your narrative onto the situation as far as I can tell. I'm honestly not sure exactly what your disagreement is frankly.





off topic but in response to your post-- no kids you know are spending twenty to forty minutes twice a day in meditation friend. Your kids are not and none of their friends are either. Don't pretend a 5 min meditation a couple times a week at school or even once a day is the same thing as a deep dedicated practice. You don't know anything about what that means.

Pop culture is a part of the problem but pretending that's an obsession of mine is just a tactic and I don't accept the framing.

Don't repeat the lie that I haven't posted what those parents do. I did and can expand too. You had not asked either. This is just slight of hand lying tactics and not good faith discussions and it reveals who you are in this discussion.

I've never said peer acceptance is not a thing. It's nice you've brought that into the discussion but let's not pretend it's a new idea for me ok? lol. Dealing with that instinct along with the reproductive instinct and the security instinct is part and parcel to navigating being a human and finding healthy ways to deal with these instincts is one of the many reasons online time and media time ought to be very minimal to non existent.

The issue at hand is can a person navigate social reality with an extremely minimal use of social media and media in general. And the answer is yes they can and many people do and have. You seem to be saying they cannot. If you are not saying that then I don't know why you are arguing with me.
 
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Just noticed I had the Dow Jones high for this year wrong in the OP, it was over 36500 for a few days, almost 37000 on one day. Now it is below 31500, so that is a drop of over 5000, almost 5500 in just a quarter. S&P continues to drop, now down about 1000 in that same time.
 
I bought my home after the recession. It's worth 250k more than what I paid for it. That's just not sustainable. It's a small house and the cheapest home in my neighborhood is 300k. Homes are double the price of what they should be.

It's not competition. There are apartments everywhere and places for everyone to live. It's just greed, flippers and companies up homes and overcharging on top of inflation in general. My friend bought a home not too long ago and is struggling to make payments every month. With property taxes and insurance going up, the mortgage will only get higher.
 
Senzo Tanaka said:
I bought my home after the recession. It's worth 250k more than what I paid for it. That's just not sustainable. It's a small house and the cheapest home in my neighborhood is 300k. Homes are double the price of what they should be.

It's not competition. There are apartments everywhere and places for everyone to live. It's just greed, flippers and companies up homes and overcharging on top of inflation in general. My friend bought a home not too long ago and is struggling to make payments every month. With property taxes and insurance going up, the mortgage will only get higher.
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Shoot a two bedroom apartment in northen NV is 2200.00! No joke. We paid 350k for our home 7 years ago. It's now "worth" 900k. I don't care what it's worth as our payment is 1500 a month. We'll be renting when the crash hits and moving out of state for our forever home on the lake.
 
Homes should be for families. So tired of the greed and these single folks flipping houses just to make profit.

I'm fortunate that I bought a house just before the interest rates went up again, I will keep this place until I'm done working and make sure it goes to a nice lower or middle class family when I'm ready to sell. I'll even take less money just to say no to them. Fuck greedy people.
 
Senzo Tanaka said:
I bought my home after the recession. It's worth 250k more than what I paid for it. That's just not sustainable. It's a small house and the cheapest home in my neighborhood is 300k. Homes are double the price of what they should be.

It's not competition. There are apartments everywhere and places for everyone to live. It's just greed, flippers and companies up homes and overcharging on top of inflation in general. My friend bought a home not too long ago and is struggling to make payments every month. With property taxes and insurance going up, the mortgage will only get higher.
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Zazen said:
Homes should be for families. So tired of the greed and these single folks flipping houses just to make profit.

I'm fortunate that I bought a house just before the interest rates went up again, I will keep this place until I'm done working and make sure it goes to a nice lower or middle class family when I'm ready to sell. I'll even take less money just to say no to them. Fuck greedy people.
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well, it isn't the flippers causing it for the most part. In fact, it is pretty hard to be a flipper right now since price of things needed to renovate a house are sky rocketing, on par, if not higher than housing prices. Not only price, but also shortages also create delays with the flipping, which hurt their business models.

It is the investment firms buying up real estate and out bidding people. Just look at the stock market today, another massive fall after Walmart and Target have god awful reports. Reason is because of inflation and people cannot keep up with the prices. Walmart even said that people are no longer buying gallons of milk, and now getting half gallons.. shows people can't even buy fricken milk, yet housing prices are still increasing. This also indicates average people don't have the capital to be buying houses that are being flipped

Not surprising, both Biden and Harris have people from these firms like Blackrock as their economic advisors and they actively say America should become a rent based housing system, rather than homeowners.

And these investment firms have way more capital than any small time flipper. Blackrock alone has trillions. They can throw whatever they want at houses.

 
cottagecheesefan said:
well, it isn't the flippers causing it for the most part. In fact, it is pretty hard to be a flipper right now since price of things needed to renovate a house are sky rocketing, on par, if not higher than housing prices. Not only price, but also shortages also create delays with the flipping, which hurt their business models.

It is the investment firms buying up real estate and out bidding people. Just look at the stock market today, another massive fall after Walmart and Target have god awful reports. Reason is because of inflation and people cannot keep up with the prices. Walmart even said that people are no longer buying gallons of milk, and now getting half gallons.. shows people can't even buy fricken milk, yet housing prices are still increasing. This also indicates average people don't have the capital to be buying houses that are being flipped

Not surprising, both Biden and Harris have people from these firms like Blackrock as their economic advisors and they actively say America should become a rent based housing system, rather than homeowners.

And these investment firms have way more capital than any small time flipper. Blackrock alone has trillions. They can throw whatever they want at houses.

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I think renting is more than owning a home, problem is people don't have any money in the bank for a down-payment. I pay 1200 a month on mortgage yet apartments nearby are more than that per month. Before I thought, how could I ever afford a home? Now I'm thinking how could I ever afford rent? Home ownership has been cheaper for me so far and it sucks that people won't get to experience that in the future.

I'm surprised about the milk thing. I always thought people should go bigger when things are bad. Yes, it costs a bit more but the value is can't be beat. I always shop at costco for that reason. I spend more at once but I get way more value and my fridge is stocked much longer. It sucks that there is inflation but people should also use their time to educate themselves better. How many people have not even considered eating something like lentils as a meat replacement? I don't eat animal products anymore so I'm always telling people about them. So much protein and they are really cheap. Buy a crock pot, mix in some veggies and you got a nice healthy soup. Rice is a game changer too, not a lot of protein but fills you up and can be eaten with beans and lentils.

People can't control home prices but I think people should be smarter with the things they can control. Hopefully this goes away but I am doubtful.
 
deadon said:
Shoot a two bedroom apartment in northen NV is 2200.00! No joke. We paid 350k for our home 7 years ago. It's now "worth" 900k. I don't care what it's worth as our payment is 1500 a month. We'll be renting when the crash hits and moving out of state for our forever home on the lake.
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The problem is rent isn't cheap either. I told my friend he could always sell his house if things get rough, have 200k in the bank and then get an apartment. The cheapest and oldest apartment in my area is $950 for 1 bedroom. That's only a little below what his mortgage is.

I just don't know how people do it. I could make a killing off my home but then would have nowhere to live. Part of me thinks it would be cool to buy some land and build one of those container homes on it but probably by the time everything and is built and ready, you are going to lose money.
 
Zazen said:
I think renting is more than owning a home, problem is people don't have any money in the bank for a down-payment. I pay 1200 a month on mortgage yet apartments nearby are more than that per month. Before I thought, how could I ever afford a home? Now I'm thinking how could I ever afford rent? Home ownership has been cheaper for me so far and it sucks that people won't get to experience that in the future.

I'm surprised about the milk thing. I always thought people should go bigger when things are bad. Yes, it costs a bit more but the value is can't be beat. I always shop at costco for that reason. I spend more at once but I get way more value and my fridge is stocked much longer. It sucks that there is inflation but people should also use their time to educate themselves better. How many people have not even considered eating something like lentils as a meat replacement? I don't eat animal products anymore so I'm always telling people about them. So much protein and they are really cheap. Buy a crock pot, mix in some veggies and you got a nice healthy soup. Rice is a game changer too, not a lot of protein but fills you up and can be eaten with beans and lentils.

People can't control home prices but I think people should be smarter with the things they can control. Hopefully this goes away but I am doubtful.
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Agree with all of this except the non meat part. I meal prep with rice and chicken or ground turkey. We eat BBQ ribeye twice a week.
 
Yeah we got lucky and bought 7 years ago for cheap and refinanced last year to 2.75% so we're set. We will keep this home and rent it out if the crash comes. We just excepted a offer on the business so if the drop happens we're out and will buy elsewhere. We'll have someone else pay off the home we're in now.
To do this you have to keep your credit up and not many do. You must pay your bills and save instead of buying the newest toys. I had a new c8 on order for 4 months and got my deposit back because I can see what'd coming and gotta think big picture.
 
Zazen said:
I think renting is more than owning a home, problem is people don't have any money in the bank for a down-payment. I pay 1200 a month on mortgage yet apartments nearby are more than that per month. Before I thought, how could I ever afford a home? Now I'm thinking how could I ever afford rent? Home ownership has been cheaper for me so far and it sucks that people won't get to experience that in the future.

I'm surprised about the milk thing. I always thought people should go bigger when things are bad. Yes, it costs a bit more but the value is can't be beat. I always shop at costco for that reason. I spend more at once but I get way more value and my fridge is stocked much longer. It sucks that there is inflation but people should also use their time to educate themselves better. How many people have not even considered eating something like lentils as a meat replacement? I don't eat animal products anymore so I'm always telling people about them. So much protein and they are really cheap. Buy a crock pot, mix in some veggies and you got a nice healthy soup. Rice is a game changer too, not a lot of protein but fills you up and can be eaten with beans and lentils.

People can't control home prices but I think people should be smarter with the things they can control. Hopefully this goes away but I am doubtful.
Click to expand...

good points, I too shop at costco for the same reason. I guess people feel they won't use the entire costco size milk before it spoils and thus would be losing money due to that. But that goes back to people being smart about what they buy. I don't have it the stats on hand, but it pretty crazy how much food people buy but then end up wasting. People in general don't pay close attention to stuff like that long term. I have always been a meal prepper and on top of that type of stuff since I started buying my own groceries and cooking for myself in high school…. Decades ago T_T

And also agreed about the down payment, but hard to even make an offer these days when firms are coming in and offering tens of thousands more above the asking price, cash in hand to buy it all, ready to go. Plus so many people in record debt. All these people who spent a couple hundred thousand in college for a meh degree should have used that money for a down payment for their house.. My parents had saved some money for college for me, but still would have had to go into debt for a normal degree. I decided to do a cheap nursing program and used the college money to get a condo when I got my RN. There are similar programs to get IT degrees and certifications. Been saying that is the way to go for years now.
 
Zazen said:
I think renting is more than owning a home, problem is people don't have any money in the bank for a down-payment. I pay 1200 a month on mortgage yet apartments nearby are more than that per month. Before I thought, how could I ever afford a home? Now I'm thinking how could I ever afford rent? Home ownership has been cheaper for me so far and it sucks that people won't get to experience that in the future.

I'm surprised about the milk thing. I always thought people should go bigger when things are bad. Yes, it costs a bit more but the value is can't be beat. I always shop at costco for that reason. I spend more at once but I get way more value and my fridge is stocked much longer. It sucks that there is inflation but people should also use their time to educate themselves better. How many people have not even considered eating something like lentils as a meat replacement? I don't eat animal products anymore so I'm always telling people about them. So much protein and they are really cheap. Buy a crock pot, mix in some veggies and you got a nice healthy soup. Rice is a game changer too, not a lot of protein but fills you up and can be eaten with beans and lentils.

People can't control home prices but I think people should be smarter with the things they can control. Hopefully this goes away but I am doubtful.
Click to expand...


Biden has us eating lentils and rice so we don't starve. JFC, it didn't take long. What a fucking failure.

And rent is nuts everywhere except where I own a rental. LMAO, I should have sold it and bought in Idaho or Texas.
 
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House 3 away from me (same square footage, similar floor plans, nicer kitchen but unfinished basement whereas mines finished so I think those about cancel out) just sold for 25% more than I bought my home for 16 months ago

I'm not seeing a crash anytime soon. Still way more buyers than sellers out there keeping the costs up high. I'm not even seeing the expected plateau yet. Friends trying to buy were one of 18! offers last week.
 
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