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Nighthawk

M

MRL

Sophomore Member
Joined
Dec 19, 2006
Professional Status
Certified Residential Appraiser
State
Minnesota
Anyone else think the name Nighthawk is idiotic? It makes me think I will be up all night trying to complete the order. Anyone know if there is a software called Done-by-3 o'clock-Hawk?
 
MRL said:
Anyone else think the name Nighthawk is idiotic? It makes me think I will be up all night trying to complete the order. Anyone know if there is a software called Done-by-3 o'clock-Hawk?
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What is idiotic is complaining about the name of a software program
 
It should be ready for the next housing crash according to loose prediction I picked up at an AI conference over a year ago, and YouTube loud mouths are saying we will have a housing crash of max 25% drop in prices by next summer. And then it should be fun to play around with.

I've always predicted 2027 for another crash in home prices, - for about the past 15 years. But with Trump and the AI boom, it's hard to say.
 
RCA said:
It should be ready for the next housing crash according to loose prediction I picked up at an AI conference over a year ago, and YouTube loud mouths are saying we will have a housing crash of max 25% drop in prices by next summer. And then it should be fun to play around with.

I've always predicted 2027 for another crash in home prices, - for about the past 15 years. But with Trump and the AI boom, it's hard to say.
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I'm thinking 40% in some markets. The math just does not work in relation to regular people's incomes. And that's totally ignoring interest rates. And we're already starting to see the deflation in some places begin (price reductions, very few offers).
 
The prices are too high, but will DT allow them to fall? He'll pressure for low rates and looser lending. But lower interest rates can only compensate so far because the monthly carrying costs have almost doubled on properties in the past four years. Higher property and insurance companies have doubled or tripled their rates. Add the higher carrying costs to the mortgage payment, and fewer people qualify for a loan.

The market has been propped up by LLC sales and cash sales to investors, but they can not buy all the product, plus some of them might be disappointed taht the Airbnb sits empty half the time or their rental income barely covers expenses. Lower interest rates can only do so much, and they do not remain low forever. It is possible that Trump will pressure to repeal regulations around loans to return the high-risk lending practices of teaser rates, no income doc loans, and 125% LTV.

We can recall that the last housing crash began when investors strarted dumping their properties, and banks shut the equity lines of credit after they saw that. Which really was teh tipping point. OMG I can not use my house as an ATM any longer? It won't repeat in the exact same way, but we will see a version of it - a slow-motion drip of pain, perhaps. I just got the first short sale assignment I have seen in years.
 
Related, is there really that much FHA fraud going on and used for Airbnb purchases?:

 
cashcatz said:
Related, is there really that much FHA fraud going on and used for Airbnb purchases?:

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It’s gonna get really interesting as when the housing market melts down and everybody realizes that their houses didn’t really double in value in five years.

Here’s the kicker: all these local jurisdictions around the entire United States based their city and county budgets off these new inflated valuations, and then used debt (bond) financing on top of that to increase their city budgets and salaries, etc. All of this has a huge potential exploding in a really ugly way.

And of course, appraisers will get the blame.
 
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