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It feels like 2008…is the bubble about to burst on housing again?


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2023 Aug 14, 3:15pm   22,001 views  160 comments

by Broadway_Sam   ➕follow (0)   💰tip   ignore  

2023 is showing housing at 40% above 3% inflation rate in some areas and I am wondering if banks shadow inventory or lack of building causing this spike. Either way, a new group of fools are willing to pay 800k for a cottage is hilarious to me seeing how we debated this same on Patrick.net back in 2007-2010.

1. Will the bubble burst?
2. When will the bubble burst?
3. Will we ever see 300k homes again in Mexifornia?

Sam

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155   Maga_Chaos_Monkey   2023 Sep 27, 6:17am  

Schokolade says


Onvacation says

Big_Johnson says

Don’t be ashamed of your age.

I'm not going hold your immaturity and lack of experience against you.

When someone tells you this

“I remember when I could go to the store and buy a can of soda for a nickel. Of course minimum wage was $1.60 and a decent salary was $10,000 a year”

A millennial like me is interested in learning when that was. You must be very old to have experience that. I don’t see anything wrong with asking about your age. The fact that you get so offended tells me you might be a woman. Again, not that there is anything wrong with that. She won’t tell….that’s fine…thinking she must be in her late 80’s, early 90’s.


He's not that old man. The oldest boomers are maybe about to turn 80 and not out on treks and sailing boats. Also, you got Reaganed and didn't appear to even know it.
156   1337irr   2023 Sep 27, 6:20am  

Schokolade says

I remember when people called me crazy for buying bitcoin at 4K. Then they said bitcoin will never be at 20k again and they said I must have bought at 20k (which I never did). Now they are all silent. They really thought bitcoin will never be at 20k again. Of course now they would say you must have bought at 67k. Lol

The haters and perma bears move the goal post every year.

Same with RE. People told me I will lose my equity when I bought my most expensive house in 2020. Now 2020 is dirt cheap and I made over 500k on that house alone.

Some people never learn and will hope for this magic RE crash until their last breath.

Ironically, I'm building duplexes.
157   GNL   2023 Sep 27, 6:44am  

Another name change?
158   BigSky   2023 Sep 27, 8:55am  

Schokolade says

Who doesn’t like Schokolade ?

Schokolade gives some people migraines.
159   PeopleUnited   2023 Nov 16, 7:38am  

Bump, bursting yet?
160   AD   2023 Nov 16, 11:26am  

AmericanKulak says






.

3 bedroom, 2.5 bath townhomes renting for about $2200 a month in Panama City Beach, FL, see below link:

https://www.zillow.com/homedetails/1751-Annabellas-Dr-Panama-City-Beach-FL-32407/125963181_zpid/

average working class pay is around $16 an hour on the beach ... I noticed 3 different people renting these type of townhomes, so that no more than about 32% of monthly salary goes to rent and utilities (water/sewer, electric, and internet)

This townhome unit was sold about 15% below initial asking price (and average "peak sales price" for this style townhome), and could easily rent for $2700 per month :

https://www.zillow.com/homedetails/1786-Annabellas-Dr-Panama-City-Beach-FL-32407/195623083_zpid/

.

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