Brian5671 Posted April 26, 2021 Share Posted April 26, 2021 7 minutes ago, Bostonseminole said: yeah, it has to, I mean putting allot of folks out of the market if it keeps going up I remember back in 2007 agents and builders thought it would never end despite the average house doubling in price in the 7 years prior to that, but incomes only going up 5% in the same period. Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted April 26, 2021 Share Posted April 26, 2021 3 Link to comment Share on other sites More sharing options...
radarman Posted April 26, 2021 Share Posted April 26, 2021 24 minutes ago, DavisStraight said: It will correct, always does, always will While I'd tend to agree, there is some debate on how much of the gains reflect a bubble vs super-secret inflation. The former, sure it pops. The latter seems here to stay a while. Maybe it's some of both. Link to comment Share on other sites More sharing options...
PhineasC Posted April 26, 2021 Share Posted April 26, 2021 11 minutes ago, NW_of_GYX said: Since this is obviously a low-key and unwarranted attack on my comment: I've kept my mouth shut multiple times but you're the most toxic, easily triggered, insecure, thin-skinned poster here. Its crazy how folks like you manage to not only move to our communities in NNE and take up an incredible and outsized amount space in reality but also figure out a way to do it virtually as well. Just go home.....someone else will happily pay the property taxes on your gaudy wannabe Tahoe log cabin. We can only hope they're half the a** you are. Just get it all out, man. Then go back to lurking. 2 Link to comment Share on other sites More sharing options...
Damage In Tolland Posted April 26, 2021 Share Posted April 26, 2021 Beer ? 1 1 Link to comment Share on other sites More sharing options...
ORH_wxman Posted April 26, 2021 Share Posted April 26, 2021 2 minutes ago, radarman said: While I'd tend to agree, there is some debate on how much of the gains reflect a bubble vs super-secret inflation. The former, sure it pops. The latter seems here to stay a while. Maybe it's some of both. There's definitely a chunk of the real estate bubble that is actually real...it's being fueled by inadequate housing supply built. Esp for starter and middle class homes. So much of the construction has been toward the higher income end of the spectrum. They get better margins there and all those middle class developments going belly-up in the 2007-2008 crash spooked a lot of developers so they were slower to come back to building those units. But there's definitely an artificial part of the bubble too. The very low supply isn't all due to lack of construction. A lot of it is due to people just not selling right now which started during the beginning of the pandemic. Once more sellers finally decide to test the waters, there will be a natural correction. Link to comment Share on other sites More sharing options...
Hoosier Posted April 26, 2021 Share Posted April 26, 2021 This is a good headline to scare people. But in the story, it says no causal link has been established. Israel Examines Heart Inflammation Cases After Pfizer Shot https://www.msn.com/en-us/health/medical/israel-examines-heart-inflammation-cases-after-pfizer-covid-shot/ar-BB1g46pq 1 Link to comment Share on other sites More sharing options...
Brian5671 Posted April 26, 2021 Share Posted April 26, 2021 2 minutes ago, ORH_wxman said: There's definitely a chunk of the real estate bubble that is actually real...it's being fueled by inadequate housing supply built. Esp for starter and middle class homes. So much of the construction has been toward the higher income end of the spectrum. They get better margins there and all those middle class developments going belly-up in the 2007-2008 crash spooked a lot of developers so they were slower to come back to building those units. But there's definitely an artificial part of the bubble too. The very low supply isn't all due to lack of construction. A lot of it is due to people just not selling right now which started during the beginning of the pandemic. Once more sellers finally decide to test the waters, there will be a natural correction. another problem (at least around here) is lack of buildable land. Most of the land is developed so there's no new units except for 4-5 story apartment complexes that are sprouting up....but people with young families don't really want those.... Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted April 26, 2021 Share Posted April 26, 2021 21 minutes ago, Brian5671 said: I remember back in 2007 agents and builders thought it would never end despite the average house doubling in price in the 7 years prior to that, but incomes only going up 5% in the same period. Lending standards got so laughable in that period . It was basically unbelievable, when NINJA loans were being written. This time there has been (in my opinion) a Spike in wealthy Cash buyers who would rather have a growing percentage of their nest egg in Hard assets that will reprice upward if fiat currency debasement continues to succeed . At some point , the muting of the Traditional “business cycle “ thru Central bank intervention and a replacement with what has so far boom- bust asset price cycles will find a inability to Keep the reflation going and at that point we will undergo a global financial system reorganization. At that point .. regardless if a basket of digital currencies or digital SDR (Special drawing rights ) currency Becomes the backbone ...* it is highly unlikely the US currency is Sitting atop as the lone Reserve Currency * and we will lose the economic/military benefits of having that luxury . 4 Link to comment Share on other sites More sharing options...
TalcottWx Posted April 26, 2021 Share Posted April 26, 2021 54 minutes ago, STILL N OF PIKE said: The historic relationship between incomes and house values is getting a bit stretched again. Perhaps the Fed is helping the ole household balance sheet and the wealth effect By buying billions of mortgage backed securities every month. (Not a bad thing but maybe send Jerome Powell a Xmas card ) I'm holding tsla into earnings. Thinking Qualcomm, Amazon, Cat, Microsoft as other plays... Link to comment Share on other sites More sharing options...
ORH_wxman Posted April 26, 2021 Share Posted April 26, 2021 5 minutes ago, Brian5671 said: another problem (at least around here) is lack of buildable land. Most of the land is developed so there's no new units except for 4-5 story apartment complexes that are sprouting up.... Yeah, land is definitely a problem in more densely populated areas. There is probably going to be some shifting in the coming decade though with remote work being more feasible than ever for some. You'll see people take advantage of the cheap real estate elsewhere while still maintaining their employment from their former area of residence. A good friend of mine just bought a place in Florida after he got sick of Chicago. He is keeping his Chicago job though and just going to work remotely. Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted April 26, 2021 Share Posted April 26, 2021 8 minutes ago, DotRat_Wx said: I'm holding tsla into earnings. Thinking Qualcomm, Amazon, Cat, Microsoft as other plays... TSLA ... should be a wild ride The last couple days there has been a shift of money back to the Nasdaq (over other indexes) after a 2 month rotation . Who knows if it becomes legit but that would help Tech stocks. If yields are able to stay under 1.6 or fall it seems the market may show appetite to expand valuations again . Crypto was oversold and what a big bounce today Link to comment Share on other sites More sharing options...
TalcottWx Posted April 26, 2021 Share Posted April 26, 2021 Just now, STILL N OF PIKE said: TSLA ... should be a wild ride Gonna sell a few shares to hedge my bets... Could swing 8%. Don't want margin call lol Link to comment Share on other sites More sharing options...
Typhoon Tip Posted April 26, 2021 Share Posted April 26, 2021 Too many people... that's all - stop f'ing and making babies when there are 7.5 billion walking petri-dishes. pathogenicity 101: remove targets ...spread stops, immediately. 1 3 1 Link to comment Share on other sites More sharing options...
Hoth Posted April 26, 2021 Share Posted April 26, 2021 5 minutes ago, DotRat_Wx said: Gonna sell a few shares to hedge my bets... Could swing 8%. Don't want margin call lol Only trading at 1,200x earnings. It's a bargain! 1 Link to comment Share on other sites More sharing options...
Hoth Posted April 26, 2021 Share Posted April 26, 2021 3 minutes ago, Typhoon Tip said: Too many people... that's all - stop f'ing and making babies when there are 7.5 billion walking petri-dishes. pathogenicity 101: remove targets ...spread stops, immediately. Are you doing your part? 1 Link to comment Share on other sites More sharing options...
mreaves Posted April 26, 2021 Share Posted April 26, 2021 2 hours ago, OSUmetstud said: We already do this though. There's still plenty of other viruses and bacteria that we are exposed to and live with on a regular basis. You'd literally have to live in a bubble to not develop proper immunity from exposure. 1 2 Link to comment Share on other sites More sharing options...
Bostonseminole Posted April 26, 2021 Share Posted April 26, 2021 15 minutes ago, ORH_wxman said: Yeah, land is definitely a problem in more densely populated areas. There is probably going to be some shifting in the coming decade though with remote work being more feasible than ever for some. You'll see people take advantage of the cheap real estate elsewhere while still maintaining their employment from their former area of residence. A good friend of mine just bought a place in Florida after he got sick of Chicago. He is keeping his Chicago job though and just going to work remotely. I heard the terms Zoomtown going around, due to all the WFH folks moving to new places Link to comment Share on other sites More sharing options...
Typhoon Tip Posted April 26, 2021 Share Posted April 26, 2021 11 minutes ago, Hoth said: Are you doing your part? Mm hm 1 Link to comment Share on other sites More sharing options...
Hoth Posted April 26, 2021 Share Posted April 26, 2021 1 minute ago, Typhoon Tip said: Mm hm 1 Link to comment Share on other sites More sharing options...
WhitinsvilleWX Posted April 26, 2021 Share Posted April 26, 2021 Just now, Hoth said: I was freaked the eff out that day Link to comment Share on other sites More sharing options...
HoarfrostHubb Posted April 26, 2021 Share Posted April 26, 2021 2 minutes ago, WhitinsvilleWX said: I was freaked the eff out that day I was prescribed valium (I think)... I was pretty mellow until I saw the smoke... Link to comment Share on other sites More sharing options...
Hoth Posted April 26, 2021 Share Posted April 26, 2021 2 minutes ago, WhitinsvilleWX said: I was freaked the eff out that day My goal is to be dangerous well into my nineties. 1 3 Link to comment Share on other sites More sharing options...
WhitinsvilleWX Posted April 26, 2021 Share Posted April 26, 2021 3 minutes ago, HoarfrostHubb said: I was prescribed valium (I think)... I was pretty mellow until I saw the smoke... I had nothing but a little shot of lidocaine. no sedative. I went in full bore sweating bullets. I saw no smoke, white or black. Just scared shytless. Link to comment Share on other sites More sharing options...
HoarfrostHubb Posted April 26, 2021 Share Posted April 26, 2021 Just now, WhitinsvilleWX said: I had nothing but a little shot of lidocaine. no sedative. I went in full bore sweating bullets. I saw no smoke, white or black So no new pope was elected? 1 Link to comment Share on other sites More sharing options...
WhitinsvilleWX Posted April 26, 2021 Share Posted April 26, 2021 Just now, HoarfrostHubb said: So no new pope was elected? Not that day! The irony is, i've done a few when I was an intern on a urology rotation. So I knew what he was doing, but I was still freaked. 1 Link to comment Share on other sites More sharing options...
dendrite Posted April 26, 2021 Share Posted April 26, 2021 46 minutes ago, Hoosier said: This is a good headline to scare people. But in the story, it says no causal link has been established. Israel Examines Heart Inflammation Cases After Pfizer Shot https://www.msn.com/en-us/health/medical/israel-examines-heart-inflammation-cases-after-pfizer-covid-shot/ar-BB1g46pq Most are under 30 y/o. The 2 deaths were a 22 y/o woman and 35 y/o man. Link to comment Share on other sites More sharing options...
Typhoon Tip Posted April 26, 2021 Share Posted April 26, 2021 14 minutes ago, Hoth said: My goal is to be dangerous well into my nineties. well ... mine isn't by choice - heh 1 Link to comment Share on other sites More sharing options...
Hoth Posted April 26, 2021 Share Posted April 26, 2021 1 minute ago, Typhoon Tip said: well ... mine isn't by choice - heh May you find your Castle Anthrax. 1 Link to comment Share on other sites More sharing options...
Lava Rock Posted April 26, 2021 Share Posted April 26, 2021 1 hour ago, NW_of_GYX said: Since this is obviously a low-key and unwarranted attack on my comment: I've kept my mouth shut multiple times but you're the most toxic, easily triggered, insecure, thin-skinned poster here. Its crazy how folks like you manage to not only move to our communities in NNE and take up an incredible and outsized amount space in reality but also figure out a way to do it virtually as well. Just go home.....someone else will happily pay the property taxes on your gaudy wannabe Tahoe log cabin. We can only hope they're half the a** you are. Wondering if we're done here 1 Link to comment Share on other sites More sharing options...
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