Real estate decline 2020
- Thread starter Roosh
- Start date
grenade001
Robin
Real Estate Agents for the most part are identical to a guy in finance - a suit and a haircut.
Like with most topics, any man of moderate intelligence could garner more knowledge on it by thoroughly reading a few books, than someone who has done a degree in it.
University students rarely retain a lot of the subject matter related to their assignments after it is assessed.
I concur with the point that most homeowners can not be relied upon to ensure maintenance is up to date. Even if they do bring in professionals to undertake the work, standards can be sloppy.
An extreme example of neglect goes to the next door neighbour of a friend of mine. She is in her mid 80s, and constantly complains that my Friend's large tree is affecting her plumbing, and she always has to gets people in to fix it. The tradesmen have spoken to my friend and told him that the house is barely habitable, due to decades of neglect. Where the sunroom at the rear of the house is, it is all boarded up, as the windows were smashed in after an intense hail storm....IN 1985!
As that house is heritage protected, any renovation instantly becomes 100x more complicated. That is another thing to watch out for.
grenade001
Robin
It is quite possible, a lot of folk moved from rural to urban areas without too much adjustment. But for long term viability, you need to integrate with the community, and have roots there.
It is almost identical with the tiny home movement. It isn't a long term solution for most people, and you eventually want some commonalities with mainstream folk.
grenade001
Robin
It is White Flight 2.0. Liberal leaning areas will become more liberal. Conservative leaning areas will become more solidly so. It is the "swing" areas that one would want to avoid.
Also lets be honest. People will pay a hefty premium to avoid being stuck in a shoebox in any reocurring lockdowns. At least in a suburban subdivision one has a yard, and can potter about in the garden, and it is much quieter. Where being stuck in an apartment there isn't the space to separate work, and home life.
I recently bought a house- and overpaid by $15k because the market is insane like everyone here is saying- but I did it for a different reason:
Security
I’m fully employed and haven’t had any income loss this year but the instability of everything due to COVID has me thinking long-term security. Specifically, I can pay for the mortgage and all monthly living expenses with less than half of my investment income.
I don’t need wage income if I were to lose my job.
I went from renting in a major Southern metro for $1,200/mo. to having a mortgage for $750/mo. And locked in a historically low interest rate.
It’s also a conservative small city with excellent schools in a red Midwestern state.
Security
I’m fully employed and haven’t had any income loss this year but the instability of everything due to COVID has me thinking long-term security. Specifically, I can pay for the mortgage and all monthly living expenses with less than half of my investment income.
I don’t need wage income if I were to lose my job.
I went from renting in a major Southern metro for $1,200/mo. to having a mortgage for $750/mo. And locked in a historically low interest rate.
It’s also a conservative small city with excellent schools in a red Midwestern state.
JohnnySmith
Sparrow
Roosh
Cardinal
"...the housing market is now even hotter than it was during the peak of the 2006/7 housing bubble."
www.zerohedge.com
US Housing Enters 2021 In A Massive Bubble | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
westernman
Sparrow
I hope it crashes soon... I need to convert my 30k savings into a life and get the hell out of my parent's house
^ That data compounds my leaning that we may not see a real recession in the ensuing years. Everything they say suggests that they are going to crank up the debt consistently for the next decade to paper over the recession that would otherwise be. The US and the main Western nations still have relativity small government debt burdens and seems The Fed is buying.
By locking cash up in mortgages and debt it will send velocity down and given them more room for printing.
Inflation will be modest and primarily act as a redistribution mechanism from families to the central planners.
I think they are going to ride this system out for ten years and by 2030 they will have more developed technologies and a poorer demoralised population to force us into The Mark system.
By locking cash up in mortgages and debt it will send velocity down and given them more room for printing.
Inflation will be modest and primarily act as a redistribution mechanism from families to the central planners.
I think they are going to ride this system out for ten years and by 2030 they will have more developed technologies and a poorer demoralised population to force us into The Mark system.
Robert High Hawk
Kingfisher
^ That data compounds my leaning that we may not see a real recession in the ensuing years. Everything they say suggests that they are going to crank up the debt consistently for the next decade to paper over the recession that would otherwise be. The US and the main Western nations still have relativity small government debt burdens and seems The Fed is buying.
By locking cash up in mortgages and debt it will send velocity down and given them more room for printing.
Inflation will be modest and primarily act as a redistribution mechanism from families to the central planners.
I think they are going to ride this system out for ten years and by 2030 they will have more developed technologies and a poorer demoralised population to force us into The Mark system.
Excuse my ignorance but what is "The Mark system"?
Revelation 13:17, KJV: "And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name."
Will microchip implants be the next big thing in Europe?
Thousands of Swedes have been pioneering the use of futuristic microchips that are implanted under the skin of the hand. Now the technology could be introduced to other parts of Europe, like Italy.
www.euronews.com
Younger Australians open to implanting payment microchips: FIS Report - Which-50
Nearly one five Australians are interested in using a microchip in their hands to make payments easier, according to research from global fintech FIS,
which-50.com
Payment Methods In Nordic Region: Cashless Future In Sight?
While the use of cash is on the rise all across the world, the experts persist in saying that it mig...
Last edited:
Robert High Hawk
Kingfisher
Revelation 13:17, KJV: "And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name."
Will microchip implants be the next big thing in Europe?
Thousands of Swedes have been pioneering the use of futuristic microchips that are implanted under the skin of the hand. Now the technology could be introduced to other parts of Europe, like Italy.
Younger Australians open to implanting payment microchips: FIS Report - Which-50
Nearly one five Australians are interested in using a microchip in their hands to make payments easier, according to research from global fintech FIS,
Payment Methods In Nordic Region: Cashless Future In Sight?
While the use of cash is on the rise all across the world, the experts persist in saying that it mig...www.finextra.com
Wow. Well thanks for the clarification, even though I may have trouble sleeping tonight.
Source: https://www.mansionglobal.com/artic...avor-with-first-time-buyers-in-the-u-k-222841
One of the few positive trends. It is probably in part driven by rootless leftists, living in cities with no plan to settle.
Cities Falling Out of Favor With First-Time Buyers in the U.K.
Survey finds that just 29% are planning to invest in the city
One of the few positive trends. It is probably in part driven by rootless leftists, living in cities with no plan to settle.
This real estate trend leads to dilution of rural conservative votes by the relocated city people and wider distribution of liberal votes throughout the country. Means they can hold power for a long time. The only hope is that once out of the cities they can start seeing more clearly.
Seeing the opposite. Hordes are moving to rural Kentucky and similar normally conservative places, from big city areas, and while they're not your BLM leftist types, they often can be considered moderately liberal, taxation-loving, restrictions-loving types (which they got used to in FL, NY and CA). Most bare land sold is restricted and only a liberal-at-heart would accept the restrictive garbage written in those covenants. Going to a big grocery store in most places in rural Kentucky is like going to a store in California now in terms of whom you see there, except in parts of California I've seen less masks.
Based upon?
Leads
Robin
Facts (my clients are in high end real estate but it's also common knowledge). Ppl clamoring to outbid others, etc. Not sure about the bottom end of the market though. Commercial is hurting everywhere though
