patrick.net
An Antidote to Corporate Media
1,198,006 comments by 14,119 users - RayAmerica, Rdote, UkraineIsTotallyFucked online now
invite response« First « Previous Comments 60 - 66 of 66 Search these comments
61
WookieMan
2021 Jun 3, 11:44am
WookieMan
2021 Jun 3, 11:44am
ThreeBays says
Why wouldn't they? Vacant land values will skyrocket and builders still won't build. They're trying to inflate their way out of the covid mess and by they I mean the left. You'd have figured an NYC real estate mogul would have done that, but no, it's Biden. That's how much they hated Trump. Doing the things they thought he would.
Houses going up 45% then?
Why wouldn't they? Vacant land values will skyrocket and builders still won't build. They're trying to inflate their way out of the covid mess and by they I mean the left. You'd have figured an NYC real estate mogul would have done that, but no, it's Biden. That's how much they hated Trump. Doing the things they thought he would.
62
Bitcoin
2021 Jun 3, 12:07pm
Bitcoin
2021 Jun 3, 12:07pm
WookieMan says
In SoCal they are building everywhere they can and get a permit for.
Vacant land values will skyrocket and builders still won't build.
In SoCal they are building everywhere they can and get a permit for.
63
Bitcoin
2021 Jun 3, 12:11pm
Bitcoin
2021 Jun 3, 12:11pm
ThreeBays says
for black people only?
https://calmatters.org/newsletters/whatmatters/2021/06/california-reparations-task-force/
Eric Holder saysTop? Not so fast!
Houses going up 45% then?
for black people only?
https://calmatters.org/newsletters/whatmatters/2021/06/california-reparations-task-force/
64
Bitcoin
2021 Jun 3, 12:22pm
Bitcoin
2021 Jun 3, 12:22pm
Some people are not meant to own homes. They will never make it work, no matter how much government money you print and throw at them.
Successful people like us just have to play the game...and scoop up the foreclosures.
Successful people like us just have to play the game...and scoop up the foreclosures.
65
WookieMan
2021 Jun 3, 12:31pm
WookieMan
2021 Jun 3, 12:31pm
Bitcoin says
Because of inflation. Land values will trail building for now and that's only temporarily. They'll jump and the spigot will be cut off margin wise for builders. Long term real estate is fine. I'd be cautious in the next 5 years if you're buying peak or at the floor. Location dependent. Won't be a crash, but I wouldn't buy anywhere right now or the next year or so if it's not a forever home or long term investment property.
There's no logic in the market when a fuck ton of people aren't working yet stocks and home values increase at epic levels. I don't know what it is, but something has to give at some point. We've seen this story in the 20's before, just none of us were alive.
WookieMan saysVacant land values will skyrocket and builders still won't build.
In SoCal they are building everywhere they can and get a permit for.
Because of inflation. Land values will trail building for now and that's only temporarily. They'll jump and the spigot will be cut off margin wise for builders. Long term real estate is fine. I'd be cautious in the next 5 years if you're buying peak or at the floor. Location dependent. Won't be a crash, but I wouldn't buy anywhere right now or the next year or so if it's not a forever home or long term investment property.
There's no logic in the market when a fuck ton of people aren't working yet stocks and home values increase at epic levels. I don't know what it is, but something has to give at some point. We've seen this story in the 20's before, just none of us were alive.
66
Bitcoin
2021 Jun 3, 12:42pm
Bitcoin
2021 Jun 3, 12:42pm
WookieMan says
I'd argue that the people sitting at home collecting government money are not the type of people who own stocks or would buy RE. The vast majority of people not working are lazy. Everyone who wants to work can find a job right now. People who are working and getting a good salary buy homes and own stocks. And dying boomers means millennials inherit and buy homes/stocks.
The poor got even more poor and the wealthier people increased their wealth during covid. A stock or RE market can be over extended for years. I agree that long term investors are fine either way and I agree that at some point the bears will be right. And that's exactly how I approach it.....I keep investing in RE, stocks, crypto because i dont know when it crashes. And when it crashes its a massive buying opportunity.
There's no logic in the market when a fuck ton of people aren't working yet stocks and home values increase at epic levels.
I'd argue that the people sitting at home collecting government money are not the type of people who own stocks or would buy RE. The vast majority of people not working are lazy. Everyone who wants to work can find a job right now. People who are working and getting a good salary buy homes and own stocks. And dying boomers means millennials inherit and buy homes/stocks.
The poor got even more poor and the wealthier people increased their wealth during covid. A stock or RE market can be over extended for years. I agree that long term investors are fine either way and I agree that at some point the bears will be right. And that's exactly how I approach it.....I keep investing in RE, stocks, crypto because i dont know when it crashes. And when it crashes its a massive buying opportunity.
« First « Previous Comments 60 - 66 of 66 Search these comments
I also have a few zip codes in Florida that I monitor, and I'm starting to see a lot of price reductions being posted as well.
Have we reached the top?
I think inflation is here for sure, but I'm wondering if we over shot with commodities and real estate and there is a good sized correction coming over the next year or so.