Stoopid is as Stoopids Do

[Meandering]

the question is,

how long will the equity last?

 

[Alsie35]

the question is,

how long will the equity last?

"Long enough" is my answer. (But then, I had the benefit of a long-range plan that's rolling out perfectly*. *Disclaimer: My business partner, who is the planner, gets 100% of the credit there. Lucky for me I married her. Her gorgeousness is strictly a fringe benefit. )

 

[gogatah33]

When we bought in Florida, the market price curve had just turned up. Paid $80K for our home In 2014. We are looking at $250K value for our home now. Not planning on selling but equity is nice just in case.

We paid 1/3rd market price for our golf front home. Now we did buy it at auction in estate sale, but hey, we built a lot of equity that day. Helped that I was an appraiser and she was a brilliant negotiator.

 

[Mike Kennedy]

Moral of the story: Be careful who you're calling "stoopid".

Lemmings who buy at the top of any unmistakable Bubble are "stoopid"

 

[Mark K]

I worked on the King Ranch in S. Texas one January...no sun, and a raw wet wind off the ocean...hope for better weather than that

I've been fishing a couple of times in Baffin Bay along the King Ranch in February down in that neck of the woods. Anyone that sits on a beach in Jan-Feb in that area better take along a parka.

But....its still warmer than the Midwest. Good luck in your new home!

 

[Alsie35]

Lemmings who buy at the top of any unmistakable Bubble are "stoopid"

I would be very careful about calling anyone "stoopid" if I was still, by choice, residing in a sewer like NY State.

Congratulations Mike Kennedy - it had been a bit of a drought, but your name was just added to my "Ignore" (read: blocked) list. For rudeness.

 

[Mark K]

Lemmings who buy at the top of any unmistakable Bubble are "stoopid"

What makes you so certain we're at the top? The stoopid ones might be the ones waiting on the sidelines for prices to drop.

Personally, I think the market still has a lot of steam left in it.

 

[Mike Kennedy]

1. arket Bubble Will Pop First in Big Cities - Here ...​

   www.ccn.com › housing-market-bubble-will-pop-first
   Jul 15, 2020 · The Housing Market Bubble Will Pop First in Big Cities – Here’s Why Stephanie Bedard-Chateauneuf in Housing Market Markets Opinion July 15, 2020, 8:09 PM The bursting of the housing bubble will likely begin in big cities as more Americans move to the suburbs.

2. Housing Market Predictions 2021: Will It Crash or Boom?​

   www.noradarealestate.com › blog › housing-market
   May 31, 2021 · Housing starts are forecasted to reach 1.6 million in 2021 and 1.7 million in 2022, providing much-needed relief to the housing inventory deficit. Realtor.com's latest housing market forecast for 2021 shows that the housing boom will continue but the seasonal trends will normalize.

3. Will the Housing Market Crash? Experts See Prices Rising Instead​

   www.businessinsider.com › will-the-housing-market
   Apr 30, 2021 · Housing starts leaped nearly 20% in March to their fastest rate since 2006, signaling the shortage will be alleviated later this year. Still, millennials are unlikely to see a reprieve any time...
4. 
   

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   when will the current housing bubble pop in ohio	when will the current housing bubble pop in indian

 

[ucbruin]

"Congratulations Mike Kennedy-it had been a bit of a drought, but your name was just added to my "ignore"..."

@Mike Kennedy

Some people are so touchy​

 

[Mike Kennedy]

"Congratulations Mike Kennedy-it had been a bit of a drought, but your name was just added to my "ignore"..."

@Mike Kennedy

Some people are so touchy​

That's what happens when they act like their shoe size instead of actual age. Tisk Tisk.

P.S. "50 Housing markets turning ugly"
https://www.yahoo.com/finance/news/50-housing-markets-turning-ugly-160000935.html