incredible how fast the liquid capital is snatching up real estate met an old guy that told me over 25% of current purchases are all cash as far as killing doh what's the point? no one is calling out this farce puppet communist government or who's in charge as long as he keeps doing their will he lives
so Johnny Damon is born to a Thai mother and a Croatian dad but nowhas white privilege and we need to hear about daily... don't dare say anything or get doxxed nice world you liberals are creating
It's unbelievable. I've been trying to buy a place in Texas over the last few months. Things list in the morning and are pending in the afternoon. People are only taking all cash offers since the market is moving faster than the appraisers and people can't get loans since properties are selling way above what the appraisers will value them. This isn't like anything I've ever seen.
that's what's scary about it my guess is that big money has bought into currency devaluation and rampant inflation but i agree w rube its a trap for the rest of us i think the all cash deals are closer to 50% and realtors are telling me things are being bought sight unseen all day everyday friend just listed a condo in wood ranch area of simi valley and she already has 3 full price offers at 580k its one of those one story two tiny bedroom cardboard things w a garage and no yard wouldn't pay 400k for it in a hot market both my kids and myself would like to buy but we're keeping our powder dry makes no sense
I think people need to watch deliverance again. I don't think people get it. You don't just walk onto a set and make your joyful noise. When there's a director sitting on his porch calling the shots. Quiet on the set. Or face the wrath of Christian Baal.
Yeah, every time there a "stimulus" package in the trillions, I move more money into things that aren't dollars. I've always liked real estate, and since I can work remote (thx covid) I'm looking to move to a 0% tax state. But this combination of free money, impending inflation, and flight out of high tax/cost states has created a bubble. I think I'll stick to crypto and commodities just a bit longer then buy the dip in real estate after rates go up and people start getting foreclosed.
This is exactly my play for the impending foreclosure market. The new stimulus money will hold off the dip for a little longer but when do you think this starts? End of 2021 into 2022?
If I had to guess, you'll start to see rising rates and other inflationary pressure late this year early next (about 6 months after things get close to normal) and then you'll start to see the market really tank about 6 months after that...so maybe spring/summer next year the market starts to tank, and the buying opportunities are probably late 22 and into 23.
1.9 trillion w a whopping 9% going to the American people and yet its hailed as a real great moment in history by the media i'm sorry but if you think this is necessary or good then you either don't have kids or dgaf and failed basic economics now they're trying to really push the envelope and say this should be a permanent thing to just hand out cash fools and communists have taken over we're being led like rats to a pail of water and no one cares oh and the pentagon going after Tucker are you fucking kidding? whole different level w no end in sight where are those brave defiant liberals that hate government overreach?
Yeah I think the stimulus checks are pushing it out but didn’t think it would take that long. Gives me more time to bank money I guess.