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Builders Expecting a Bust


               
2016 Jun 13, 10:27am   4,943 views  15 comments

by deepcgi   follow (0)  

Single Family home inventory at record lows. New single family home building also low. George Soros buys gold and declares China nearing a financial breakdown. Chinese cash buyers at better than 25 percent in nearly every hot real estate market.

Plus the reality that affordability and NOT subprime mortgages drove the last RE crash. Remember the majority of foreclosures in the US post 2007 were 30 year.

Here comes a bond crash, pension fund crash, equities crash, property tax increase, and bailouts for real estate becoming a fourth priority instead of first.

#real estate

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9   anonymous   2016 Jun 13, 10:42pm  

just buy a fucking house dude.

answer me these questions and you will prove my point.
1. what is your gross monthly income?
2. what are your monthly debt obligations?
3. how much liquid assets do you have available? (savings + 70% of your 401k)
4. what is your credit score?

10   deepcgi   2016 Jun 14, 2:30am  

1. I'm 52 years old and gain about 2 gray hairs per month.
2. I live leaner than most, if not all, of you.
3. I've continually had enough in liquid assets to put at least 25 percent down on a nice home for about 30 years.
4. 169.

(oh sorry, that last one is my IQ - not my credit score)

11   deepcgi   2016 Jun 14, 2:45am  

Anyone want to venture a different guess as to why home builders are concentrating on apartments and condos, if the demand is genuinely as high for single family homes as you want to believe?

12   Y   2016 Jun 14, 4:29am  

Immigration. 3rd world cretians grow up knowing nothing else other than being stacked 20 high and 10 foot square.
normal is what normal is...

deepcgi says

Anyone want to venture a different guess as to why home builders are concentrating on apartments and condos,

14   Y   2016 Jun 14, 4:59am  

Millennial Immigrunts...

15   anonymous   2016 Jun 14, 7:15am  

deepcgi says

1. I'm 52 years old and gain about 2 gray hairs per month.

2. I live leaner than most, if not all, of you.

3. I've continually had enough in liquid assets to put at least 25 percent down on a nice home for about 30 years.

4. 169.

so you don't have any income?

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