« prev   random   next »

2
1

Home Depot Drops a Dime

By bill follow bill   2019 Dec 13, 9:08pm 959 views   17 comments   watch   nsfw   quote   share    


Home Depot Drops a Dime on Itself

HOUSING Crash Rev. 2.0 -- Where is Patrick? Never mind UNDERDOG IS HERE

https://www.ccn.com/home-depot-blows-whistle-looming-housing-market-crash/
1   just_adhom_preaching   ignore (3)   2019 Dec 13, 9:20pm     ↓ dislike (0)   quote   flag      

Interesting I got an email yesterday from zillow. The first of it's kind where they are trying to sell me a house that they've owned for 5 weeks. They aren't even trying to make a profit out of it.
3   E-man   ignore (0)   2019 Dec 13, 9:29pm     ↓ dislike (0)   quote   flag      

“the home improvement retailer said it anticipated revenue between $115 billion and $120 billion in 2020. But it now sees only $114.4 billion in revenue, missing the lower end of the original forecast.”

About 3% below the mid range revenue forecast is whistling a housing crash? WOW!

Basically, Home Depot is forecasting flat YoY revenue. That’s enough for the bears to call it a crash. 👍
4   bill   ignore (0)   2019 Dec 14, 12:49am     ↓ dislike (0)   quote   flag      

Have we learned nothing? But the banks don't do subprime?! One realtor I talked with said thing may/will level off for the next 5 yrs. here in the bay area. A friend says, I lost my programming job and can't find another but "my house is worth $2 Million!" They are building "chicken coop" rentals like crazy because lower level Google works can't afford to buy!!!
Bubble (because ppl around here don't sell because of tax break for LONG time homeowners).
6   Booger   ignore (7)   2019 Dec 14, 6:06am     ↓ dislike (0)   quote   flag      

E-man says
“the home improvement retailer said it anticipated revenue between $115 billion and $120 billion in 2020. But it now sees only $114.4 billion in revenue, missing the lower end of the original forecast.”

About 3% below the mid range revenue forecast is whistling a housing crash? WOW!

Basically, Home Depot is forecasting flat YoY revenue. That’s enough for the bears to call it a crash. 👍


Pretty much fake news!

The rest story here is about how overpriced Home Depot stock is
7   bill   ignore (0)   2019 Dec 14, 6:36am     ↓ dislike (0)   quote   flag      

Ummmm, I hope we don't have a housing crash! Anecdotally, I see more HOME people around Mtn. View than I've ever
seen before in my life and I've lived in the Bay Area for it. You price houses by comps and stocks by P/E. I don't have numbers!!! My sample size is
such things as getting a "feeling" for such thing as how many homeless I see. I was in SF recently and it looked kinda dow at the heels except for new stuff built
south of market! In 2019, San Francisco reported 8,011 homeless people met the federal definition of homeless, an increase of 17 percent from 2017. <-- All that
means is that big bucks chase out Artists, etc. Maybe I'm old fashioned, but I'd like to see the FED raise the PRIME! So nobody here thinks Home Depot is a Canary in the
Coal Mine? Whew, that's a relief :)
10   Shaman   ignore (2)   2019 Dec 14, 7:45am     ↓ dislike (0)   quote   flag      

No crash yet. The problems with the market we saw in 2005-2007 aren’t there.
I was a bear during those years.
Not a bull now, but I think the market (here) will hold pretty steady.
11   just_adhom_preaching   ignore (3)   2019 Dec 14, 11:00am     ↓ dislike (0)   quote   flag      

willywonka says
Jumping Jesus! That is out in the boonies. Where does the eastward expansion of "San Diego" end?


I can tell that you sir have never explored any major metropolitan area Texas! (San Antonio, Houston, Dallas/Ft.Worth)

I think that area is about a 20min ride into work and 30min home for folks working in the UTC tech area.
12   Dholliday126   ignore (0)   2019 Dec 14, 11:16am     ↓ dislike (0)   quote   flag      

Crashes are typically 30+ percent. Housing market will not crash until bad loans are back, creating a leveraged imbalance.

Corrections are typically 10-20 percent and occur in all asset classes. Correction, maybe, but will most likely regional if anything.

People overuse crash with housing, happens very infrequently. 2007 was a one time generational hit.
13   Patrick   ignore (1)   2019 Dec 14, 12:16pm     ↓ dislike (0)   quote   flag      

Dholliday126 says
Housing market will not crash until bad loans are back


I agree. I don't see evidence of massive fraud from Wall Street like we had leading up to 2008. Just normal levels of fraud.

Back in the big housing bubble, banks were handing out loans to everyone who could breathe because they could then sell those loans to Wall Street to be packaged as mortgage-backed bonds.

And the resulting shit bonds were sold to pension funds, foreign governments, etc, with AAA ratings from Moody's, S&P, etc.

It ultimately came down to bond rating agencies lying about risk to please their customers, which were the Wall Street banks that created the bonds.

They were never prosecuted for their fraud, so we should assume bond rating agencies are still lying about the real levels of risk.

But here on the ground, I do not see banks handing out loans to illegals and the unemployed without any concern for repayment like they did in 2004-2008.
14   Al_Sharpton_for_President   ignore (6)   2019 Dec 14, 12:36pm     ↓ dislike (0)   quote   flag      

just_dregalicious says
willywonka says
Jumping Jesus! That is out in the boonies. Where does the eastward expansion of "San Diego" end?


I can tell that you sir have never explored any major metropolitan area Texas! (San Antonio, Houston, Dallas/Ft.Worth)

I think that area is about a 20min ride into work and 30min home for folks working in the UTC tech area.
Everyone knows there is not life east of 5.
15   mell   ignore (5)   2019 Dec 14, 1:32pm     ↓ dislike (0)   quote   flag      

House prices are definitely coming under pressure. I see 30% price slashes on many properties that have been on the market for 3-6 months or longer with no buyer. It seems while 2008 we had the real estate bubble this time people prefered to invest into stocks over real estate after house prices reached peak unaffordability / peak unattractiveness. Also laws have been passed in the SF bay area making it harder and more expensive to get permits and be a landlord. Finally the peak poop / hobo / druggie / crime situation is leaving a mark at least in SF, and the recent fires brought prices down in the North Bay.
16   just_adhom_preaching   ignore (3)   2020 Jan 1, 2:42pm     ↓ dislike (0)   quote   flag      

They did it again, sent me a message about a zillow owned condo (I don't want a stinking condo) they bought 2 months ago and are only trying to get a 13K premium on:

https://www.zillow.com/homedetails/12250-Corte-Sabio-UNIT-2203-San-Diego-CA-92128/16745998_zpid
17   just_adhom_preaching   ignore (3)   2020 Jan 1, 2:43pm     ↓ dislike (0)   quote   flag      

Even further in the boonies.

about   best comments   contact   one year ago   suggestions