Another Housing Crash

[Deleted member 128537]

https://www.forbes.com/sites/ellenp...t-is-a-good-news-bad-news-story/#ff0ff5e2c35c

Not enough inventory.

 

[George Hatch]

The one thing we know about media articles is that those writers are always at least 6 months behind on the trends that we see in real time. And that the market bulls are the ones who always get all the attention. You almost never see a more balanced or nuanced perspective, let alone an actual permabear being quoted.

There are no advertisers on the bear side of the market.

 

[djd09]

 

[gregb]

https://www.forbes.com/sites/ellenp...t-is-a-good-news-bad-news-story/#ff0ff5e2c35c

Not enough inventory.

I have never heard an agent/broker cry that there is too much inventory just like I have never met an AMC/Lender moaning about too many appraisers. Their spiel every day, no matter the market, is that there are never enough properties for sale or appraisers to whittle down.

 

[Deleted member 128537]

I have never heard an agent/broker cry that there is too much inventory just like I have never met an AMC/Lender moaning about too many appraisers. Their spiel every day, no matter the market, is that there are never enough properties for sale or appraisers to whittle down.

Not true. I have. And I can see the diminishing inventory just by doing the 1004MC. That’s why we do it????

 

[djd09]

More Americans may move away from traditional finance and into crypto if the the U.S. Federal Reserve (Fed) relaxes post-2008 financial regulations, according to a study published by Weiss Ratings May 22.

The Fed is set to meet on May 30 to consider watering down the “Volcker Rule,” in what would be a major deregulatory move. The relaxing of the “Volcker Rule” would allow thousands of banks to make high risk profit-seeking trades with less government oversight.

https://cointelegraph.com/news/more...f-fed-relaxes-post-2008-measures-analysts-say

 

[Randolph Kinney]

What could burst a local housing bubble outside of a general recession?

1. excessively high home prices via a price bubble
2. fast rising interest mortgage rates
3. wage growth not keeping up with home prices
4. tax change
5. a severe stock market correction
6. high level of consumer debt affecting debt servicing
7. cost of living rises
8. high oil and gas and energy prices

California has all of these except a serve stock market correction, which will impact income tax revenues the most for the state.

 

[Meandering]

What could burst a local housing bubble outside of a general recession?

1. excessively high home prices via a price bubble
2. fast rising interest mortgage rates
3. wage growth not keeping up with home prices
4. tax change
5. a severe stock market correction
6. high level of consumer debt affecting debt servicing
7. cost of living rises
8. high oil and gas and energy prices

California has all of these except a serve stock market correction, which will impact income tax revenues the most for the state.

Major employer(s) closing up and leaving.

Global terrorist target.

.

 

[djd09]

Kaitlin Cawley finished grad school with $95,000 in student loans, including a $24,000 variable-rate loan that started at 9.4% and now stands at 11%, a loan that the US government lender Sallie Mae brokered for her when she was 20.

Sallie Mae's portal makes it almost impossible to find out how much you've paid into your loans; after a lengthy runaround, Cawley found that she had paid back $18,000 of her $24,000 loan, but that she still owed the full amount, thanks to sky-high interest and stiff penalties the government assessed against her because she opted to save tens of thousands of dollars by going to grad school outside of the USA.

https://boingboing.net/2018/05/17/debt-traps-2.html

 

[Randolph Kinney]

Student debt is just another factor, along with auto loans, that can't be paid back. Plus, the housing market still has a significant amount of distressed dales.