patrick.net

robertoaribas says

seriously you have zero class and manners.

Yes, our friend roberto has much more manners than that. He never insults other people or calls them names.

everything says

When rents went up across the board, that was the end of foreclosures, investors who bailed in 2008 came right on back and are just buying the places outright. Why?, credit is still very loose, and if you have a cash flow and good credit, anyone can get into buying RE. Underwater?, so what, keep holding out for some kind of personal bailout, refinance at lower rates and hope for better days. Property management should be booming going forward. The RE market, in many ways has not changed a bit, flippers are still buying the bottom of the barrel actual foreclosure junk, people are still paying market values. The only thing I'm seeing different is more people living in less house, probably due to rental price increases and wage stagnation. I also see quite a few more campers sitting in driveways, and being used. Two car garages have no room for cars, that's where people store all their crap.

The investors buying and selling now are the same people who sold everything in 2005 to the suckers who read in the paper that they could make money in real estate. These people have cash as there is no easy lending.

I love this guy. A bunch of institutional investors and corrupt china dollars buys the middle class rug out from underneath them dooming them to a lifetime of struggle, and this guy is clicking the champagne glasses celebrating the brutal cost of living brutally increasing.

Seems any and all sense of self preservation - out the window.

And the economy shrunk, so that shrinking and U6 @ 15% means we should pay even MORE for RE and things will get better, right?