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******HOUSING CRASH UPDATE*****
| swashbuckling confused chapel roommate | 06/11/18 |
| Electric Clown | 06/11/18 |
| swashbuckling confused chapel roommate | 06/11/18 |
| canary heady theater son of senegal | 06/27/18 |
| Wonderful Piazza | 06/11/18 |
| swashbuckling confused chapel roommate | 06/11/18 |
| Frum Skinny Woman Alpha | 06/11/18 |
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| lascivious coiffed institution | 06/11/18 |
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| Massive nibblets | 06/11/18 |
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| Massive nibblets | 06/11/18 |
| swashbuckling confused chapel roommate | 06/11/18 |
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| godawful lay | 06/11/18 |
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| Electric Clown | 06/11/18 |
| Massive nibblets | 06/11/18 |
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| swashbuckling confused chapel roommate | 06/11/18 |
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| bateful ticket booth love of her life | 06/11/18 |
| Electric Clown | 06/11/18 |
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| swashbuckling confused chapel roommate | 06/11/18 |
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| domesticated spot | 06/11/18 |
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| Mind-boggling goyim athletic conference | 06/11/18 |
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| amethyst balding national | 06/12/18 |
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| navy macaca | 06/12/18 |
Poast new message in this thread
Date: June 11th, 2018 2:03 PM Author: swashbuckling confused chapel roommate Mortgage Bankers Association just reported that independent mortgage banks and mortgage subsidiaries of chartered banks reported a net *loss* of $118 per loan originated in the first quarter of 2018.
CFPB just fired its 25-member advisory panel.
Prices at historic highs. Incomes not keeping up. Global trade wars on horizon. Stock market bubble. Stay tuned . . . |
Date: June 11th, 2018 2:05 PM Author: Electric Clown (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224098) |
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Date: June 11th, 2018 2:38 PM Author: swashbuckling confused chapel roommate (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224310) |
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Date: June 27th, 2018 2:07 PM Author: canary heady theater son of senegal (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36319874) |
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Date: June 11th, 2018 2:08 PM Author: Wonderful Piazza LALALALALA I CAN'T HEAR YOU
*cocks shotgun* |
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Date: June 11th, 2018 2:38 PM Author: swashbuckling confused chapel roommate lol (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224312) |
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Date: June 11th, 2018 4:01 PM Author: Frum Skinny Woman Alpha (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224840) |
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Date: June 11th, 2018 2:40 PM Author: Supple dead lettuce this happened in 2014 also. means very little by itself (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224319) |
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Date: June 11th, 2018 2:55 PM Author: Electric Clown (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224416) |
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Date: June 11th, 2018 3:24 PM Author: lascivious coiffed institution way way (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224613) |
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Date: June 11th, 2018 2:56 PM Author: Obsidian turdskin (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224426) |
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Date: June 11th, 2018 3:04 PM Author: Massive nibblets There are so many regulations around mortgage lending it makes it expensive as fuck (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224485) |
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Date: June 11th, 2018 3:07 PM Author: swashbuckling confused chapel roommate An average of $9,000 to originate a loan through closing. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224507) |
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Date: June 11th, 2018 3:38 PM Author: Massive nibblets Including salespeople or JUST regulatory costs? Source? (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224715) |
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Date: June 11th, 2018 6:31 PM Author: swashbuckling confused chapel roommate Including everything. Source: TheREsource.tv (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225896) |
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Date: June 11th, 2018 6:41 PM Author: Massive nibblets That's not surprising. Salespeople and processors alone are making 2-4K per loan. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225937) |
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Date: June 11th, 2018 3:11 PM Author: godawful lay Need region specific data (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224530) |
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Date: June 11th, 2018 3:11 PM Author: Electric Clown (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224536) |
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Date: June 11th, 2018 3:17 PM Author: Hairraiser yellow bawdyhouse "bucking national trends"
not worried about a bunch of swamp people in FL who are spending their mortgage checks on meth and cigs after Irma ravaged their homes |
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Date: June 11th, 2018 3:31 PM Author: Electric Clown (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224676) |
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Date: June 11th, 2018 3:40 PM Author: Massive nibblets Yup. Poor people default which drives down prices due to foreclosures then the next tranche of shaky borrower can't sell bc his house dropped 15% in value and he’s underwater and it snowballs. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224729) |
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Date: June 11th, 2018 3:56 PM Author: Electric Clown (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224819) |
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Date: June 11th, 2018 6:04 PM Author: flesh box office place of business Thank you for your service (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225778) |
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Date: June 11th, 2018 6:22 PM Author: Zippy tattoo circlehead if you read the article, this is pretty region specific because the mortgage lenders offered anyone in a fema disaster zone (All florida counties) a 3 month grace period of some kind or another. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225862) |
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Date: June 11th, 2018 3:22 PM Author: Brass church building Hope this happens. It would be a historic opportunity to pick up rental properties dirt cheap and follow the BOOMER strategy of "derp derp I bought a brownstone on the Upper West Side for $40,000 in 1974. Guess it was a good idea!" (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224593) |
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Date: June 11th, 2018 3:24 PM Author: swashbuckling confused chapel roommate (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224614) |
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Date: June 11th, 2018 3:26 PM Author: lascivious coiffed institution The fact that you are thinking this way means others are too. Which means there is no crash on the horizon. During an honest-to-God crash most people don't think this way. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224624) |
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Date: June 11th, 2018 3:29 PM Author: swashbuckling confused chapel roommate Most people aren't thinking this way. The general consensus is, "Demand is strong, inventory is low and we have a highly regulated mortgage loan market now, nothing could go wrong." That's like every article.
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Date: June 11th, 2018 3:30 PM Author: bateful ticket booth love of her life a lot more people are waiting for the crash now than in 2006/2007. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224667) |
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Date: June 11th, 2018 3:32 PM Author: Electric Clown (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224687) |
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Date: June 11th, 2018 3:35 PM Author: frozen university Incorrect. There are fewer people expecting a crash right now than there were in 06 and 07. I honestly thought you were right but I think we sometimes live in a a bit of a contrarian/skeptical bubble. By '06 and '07 expectations for rising prices were still high but lower than they are right now. Crazy chart in the middle of the article.
https://www.marketwatch.com/story/americans-havent-been-this-optimistic-about-buying-property-since-just-before-the-housing-crash-2018-05-07 |
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Date: June 11th, 2018 5:46 PM Author: swashbuckling confused chapel roommate (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225671) |
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Date: June 11th, 2018 6:51 PM Author: galvanic lodge striped hyena (CBS Marketwatch) (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226005) |
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Date: June 11th, 2018 9:20 PM Author: frozen university They're quoting the gallup poll. It's a good poll to gauge how the average American sees the current real estate market. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36227071) |
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Date: June 12th, 2018 10:59 AM Author: multi-colored deranged house Interesting, ty. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229999) |
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Date: June 11th, 2018 3:59 PM Author: gold senate An XO poaster with an established legal practice isn't exactly "most people." (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224832) |
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Date: June 11th, 2018 8:32 PM Author: Motley psychic Most people were smart enough to avoid lol school, no doubt. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226685) |
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Date: June 12th, 2018 10:39 AM Author: fishy vibrant location therapy "Most people" aren't buying homes in expensive markets. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229884) |
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Date: June 12th, 2018 10:37 AM Author: fishy vibrant location therapy tcr (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229870) |
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Date: June 11th, 2018 3:37 PM Author: cracking pisswyrm voyeur why is it every time Republicans are in power this happens (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224710) |
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Date: June 11th, 2018 3:53 PM Author: Massive nibblets (very stupid person) (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224807) |
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Date: June 12th, 2018 11:01 AM Author: Soul-stirring temple generalized bond ljl @ this reddit flame (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36230020) |
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Date: June 11th, 2018 6:03 PM Author: Cerebral mad cow disease corn cake Can someone connect the dots for me? Is OP saying banks are losing money on mortgages, they will raise rates more and this will lead to a crash? Or is there some other connection I am missing? (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225773) |
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Date: June 11th, 2018 6:06 PM Author: bateful ticket booth love of her life you are buying at the absolute peak. Just accept it. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225795) |
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Date: June 11th, 2018 6:11 PM Author: pearly sweet tailpipe (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225827) |
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Date: June 11th, 2018 6:29 PM Author: swashbuckling confused chapel roommate (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225889) |
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Date: June 11th, 2018 6:47 PM Author: Cerebral mad cow disease corn cake I'm fine with that as long as I sell at the absolute peak as well. My greatest fear is buying at the absolute peak and getting stuck with a second house because that's when the market crashed. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225982) |
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Date: June 11th, 2018 7:06 PM Author: Brindle Twisted Messiness money is made or LOST at the time of purchase. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226095) |
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Date: June 12th, 2018 10:55 AM Author: fishy vibrant location therapy Not really, no. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229967) |
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Date: June 11th, 2018 6:59 PM Author: Electric Clown (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226052) |
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Date: June 11th, 2018 7:05 PM Author: Stimulating cuckoldry (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226086) |
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Date: June 11th, 2018 7:06 PM Author: Brindle Twisted Messiness (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226096) |
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Date: June 11th, 2018 7:38 PM Author: Massive nibblets (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226299) |
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Date: June 11th, 2018 6:13 PM Author: well-lubricated lime gunner TICK TOCK HOUSEMO’S (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225837) |
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Date: June 11th, 2018 6:29 PM Author: swashbuckling confused chapel roommate lol (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225890) |
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Date: June 11th, 2018 7:06 PM Author: Insane Mediation (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226093) |
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Date: June 11th, 2018 9:31 PM Author: Harsh garrison marketing idea (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36227201) |
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Date: June 12th, 2018 11:00 AM Author: multi-colored deranged house (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36230012) |
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Date: June 11th, 2018 6:53 PM Author: domesticated spot Op plz keep us posted (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226018) |
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Date: June 11th, 2018 7:31 PM Author: Mind-boggling goyim athletic conference Housing crash worthless unless some serious job losses accompany it (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226255) |
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Date: June 11th, 2018 7:32 PM Author: Electric Clown (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226259) |
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Date: June 11th, 2018 7:32 PM Author: Mind-boggling goyim athletic conference Techmos making north of 400k these days. All major cities flooded with millennials with money (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226264) |
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Date: June 11th, 2018 7:43 PM Author: Supple dead lettuce (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226324) |
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Date: June 12th, 2018 3:04 AM Author: domesticated spot SFmo here, can confirm this is true (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36228886) |
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Date: June 11th, 2018 7:39 PM Author: Massive nibblets um those are 100% correlated (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226304) |
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Date: June 11th, 2018 7:42 PM Author: vigorous carmine death wish hell How do you address the historic lack of supply combined with historic levels of employment? The bubble will burst someday, but not before that gets worked out. LOL at citing the fucking CFPB advisory panel without addressing this. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226317) |
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Date: June 11th, 2018 7:43 PM Author: Supple dead lettuce yeah it's very reddit level analysis (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226325) |
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Date: June 11th, 2018 7:46 PM Author: swashbuckling confused chapel roommate Oh shit. Lack of supply? Historic level of employment? You must be right, nothing is going to happen. I guess I better buy now before prices go even higher! Fucking retard. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226340) |
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Date: June 11th, 2018 7:58 PM Author: vigorous carmine death wish hell Did I say nothing would happen you fucking dolt? Everyone knows housing prices work in cycles so only an idiot would contend they’ll just continue rising. The question is *when* they’ll move downward. But it’s hard to say it’ll happen in the near term when there’s an historic lack of supply and a huge number of people willing and able to pay for what little supply exists.
I’ll acknowledge there may be other factors but lol at any analysis that doesn’t address how those factors are so important they trump the obvious current dynamic driving home prices. |
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Date: June 11th, 2018 8:24 PM Author: Supple dead lettuce U r talking to a guy that believes in spontaneous generation (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226614) |
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Date: June 11th, 2018 8:44 PM Author: vigorous carmine death wish hell One of the dumbest lawyers on this bort. He’s a yes man for a TTT bank that didn’t want to hire a real GC who knew what he was doing and after a year or so he thinks he knows all the ins and outs of the housing industry. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226776) |
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Date: June 11th, 2018 8:00 PM Author: cream den any scholarly analysis will at a minimum address this and factor in the increasing concentration of high paying jobs in a few urban centers (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226451) |
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Date: June 12th, 2018 11:07 AM Author: fishy vibrant location therapy This is exactly right. Yes, if everyone loses their jobs then there will be a housing crash and under current conditions that just isn't happening. What is actually happening is that XOers are doing well and pissed that houses are expensive and hoping for a crash because "it is time." It doesn't work like that. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36230083) |
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Date: June 11th, 2018 8:06 PM Author: Smoky kitty CHINESE | ALL-CASH | BUYERS (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226485) |
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Date: June 11th, 2018 9:14 PM Author: Autistic Insecure Station Personal Credit Line I have the worsr luck. Graduate ITE struggle and suck shit for years, try to move back home oh sorry the market is (((hot))) there is no (((inventory))) hehe (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36227030) |
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Date: June 11th, 2018 9:25 PM Author: galvanic lodge striped hyena You and millions of others (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36227135) |
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Date: June 12th, 2018 2:58 AM Author: amethyst balding national "The 'lost generation' of millennials born in the 1980s may never be as rich as their parents"
http://www.businessinsider.com/1980s-millennials-wealth-the-great-recession-2018-5 |
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Date: June 12th, 2018 10:56 AM Author: fishy vibrant location therapy Which is exactly why there won't be a crash anytime soon. Everyone our age that is remotely successful has either bought a house or is looking to buy a house. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229973) |
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Date: June 12th, 2018 11:39 AM Author: frozen university Here's some data that I think cuts against a crash in the near future. Median household income for first time buyers is 72k and the median home purchased by them is $182,500. That's well within the rule of 4x that was continually surpassed right before the last crash (price of purchased home shouldn't be more than 4x income). For all buyers it's $88,500 and median home price was $227,700.
However, the same data shows that despite talk of all-cash buyers, the median downpayment is very low (only about 5%) and the vast majority of buyers purchase with a loan for 75% or more of the purchase price.
https://www.nytimes.com/2017/04/21/realestate/first-time-home-buyers-statistics.html
The Gallup poll I linked to in my posts above is also pretty interesting. The generally public has early-2006 views on the real estate market. The market resembles the vagaries of public opinion.
https://www.marketwatch.com/story/americans-havent-been-this-optimistic-about-buying-property-since-just-before-the-housing-crash-2018-05-07 |
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Date: June 12th, 2018 4:06 PM Author: fishy vibrant location therapy Isn't it 3x income? (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36232174) |
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Date: June 12th, 2018 4:09 PM Author: navy macaca my area didn't really crash all that much during ite (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36232203) |