Congratulations to the Dow hitting 40,0000

[RaceBannon]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

 

[HuskyBuck]

Hey Bob, you need a finance lesson. You will not pay a capital gains tax on the first $500,000 if you lived in the house 2 out of the last 5 years. If you did make more than $500,000 then you pay the long term capital gains on what's over that.
Not being a dick, just wanted to inform you in case you wanted to do just that.

Thanks for the finance lesson. My pretend equity has increased well over $1m in 12 years.

Im glad youre informed again, after the fact. So you mean to tell me your house went from something like $600,000 to $1,000,000 and you're lamenting the days you didnt have that extra $400,000? Bob, you are trippin!

Fellas, there's no bubble. In 2006 banks were approving loans to peeps because of their obsession with Mortgage Backed Securities and no problems lending to people who had no business owning a house and predictably, those peeps started to fail making their payments. Tell me in your own words where this crash will happen in 2024. Everybody in 2024 is well above water with a healthy supply of would be buyers on the sideline. Any takers?

Again, using your numbers, what exactly does $400k in equity get you if you have to buy something else in same area or a similarly priced area since all the similar or step up houses have gone up as well? You'd be far worse off cashflow wise. I thought you were a finance expert.

If something catastrophic were to happen to your finance, wouldnt you rather have that extra 400,000 in equity? You didn't answer the question on whether you would take the 2020 price or the 2024 price?

 

[HuskyBuck]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

The mortgage rates WERE NOT low in 2008. I think its finally happened. Race has gone senile on us.

 

[Bob_C]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

The mortgage rates WERE NOT low in 2008. I think its finally happened. Race has gone senile on us.

Relative to the actual risk of default rate leading up to 2008, they were very cheap.

 

[RaceBannon]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

The mortgage rates WERE NOT low in 2008. I think its finally happened. Race has gone senile on us.

Buck can't read. Mortgage rates were low now. Until Biden
Compared to 11 percent when we bought in 87 rates were low in 05. Cash machine on re fi
The adjustable rates kicking in tipped the crash over
Before you were born. Dumbass

 

[pawz]

People forget that the biggest impetus for balancing the housing market after ‘08 was hedge funds stepping in and buying 10’s of thousands of homes. People forget that.

.

 

[pawz]

Hey Bob, you need a finance lesson. You will not pay a capital gains tax on the first $500,000 if you lived in the house 2 out of the last 5 years. If you did make more than $500,000 then you pay the long term capital gains on what's over that.
Not being a dick, just wanted to inform you in case you wanted to do just that.

Somehow I know how all this works. I used to have 8 rental homes around the country. I'm down to the last one. Been selling them off about 1 per year for tax reasons. But hey I did all this while HuskyCuck was in diapers. I like getting to pull the cash out now and I'm just done messing with them. Besides prices are up and I'm taking advantage. But then I am stupid and have no idea what I'm doing. Ask HuskyCuck. That dude needs to get laid. By a chick.

Why did you hate depreciation?

.

 

[HuskyBuck]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

The mortgage rates WERE NOT low in 2008. I think its finally happened. Race has gone senile on us.

Buck can't read. Mortgage rates were low now. Until Biden
Compared to 11 percent when we bought in 87 rates were low in 05. Cash machine on re fi
The adjustable rates kicking in tipped the crash over
Before you were born. Dumbass

Then maybe you should use the words "ARE" low instead of "WERE" low. Most people have at least mortages at 3.5 And if you think, that mortgage rates are biden's fault, you're mistaken. The FED determines mortgage rates and they should have been climbing a decade ago.

 

[RaceBannon]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

The mortgage rates WERE NOT low in 2008. I think its finally happened. Race has gone senile on us.

Buck can't read. Mortgage rates were low now. Until Biden
Compared to 11 percent when we bought in 87 rates were low in 05. Cash machine on re fi
The adjustable rates kicking in tipped the crash over
Before you were born. Dumbass

Then maybe you should use the words "ARE" low instead of "WERE" low. Most people have at least mortages at 3.5 And if you think, that mortgage rates are biden's fault, you're mistaken. The FED determines mortgage rates and they should have been climbing a decade ago.

Maybe you should go fuck yourself

 

[RaceBannon]

Inflation raised the rates and that's on Biden

 

[RaceBannon]

I did point it out

People forget that the biggest impetus for balancing the housing market after ‘08 was hedge funds stepping in and buying 10’s of thousands of homes. People forget that.

.

 

[Bob_C]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

The mortgage rates WERE NOT low in 2008. I think its finally happened. Race has gone senile on us.

Buck can't read. Mortgage rates were low now. Until Biden
Compared to 11 percent when we bought in 87 rates were low in 05. Cash machine on re fi
The adjustable rates kicking in tipped the crash over
Before you were born. Dumbass

Then maybe you should use the words "ARE" low instead of "WERE" low. Most people have at least mortages at 3.5 And if you think, that mortgage rates are biden's fault, you're mistaken. The FED determines mortgage rates and they should have been climbing a decade ago.

Actually the Fed rates don't dictate mortgage rates. The risk free rate of return does, which is widely accepted as the ten year T-bill (for now). We went over the fact a couple of weeks ago that fed rates and T-bill rates aren't always connected, depending on demand. See Obama's term where banks just bought t-bills at 3.5% using ~0% fed funds rates and didn't loan it out to the general economy and we still had ~5.5% mortgage rates. Keep working on this finance thing, you'll get it when you are in your 40's maybe.

 

[thechatch]

You guys are talking about IRs and home equity to a child who rents an apartment in South Lake Union 2 blocks from the bar he plays shuffleboard at.

just FYI

 

[pawz]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

The mortgage rates WERE NOT low in 2008. I think its finally happened. Race has gone senile on us.

Buck can't read. Mortgage rates were low now. Until Biden
Compared to 11 percent when we bought in 87 rates were low in 05. Cash machine on re fi
The adjustable rates kicking in tipped the crash over
Before you were born. Dumbass

Then maybe you should use the words "ARE" low instead of "WERE" low. Most people have at least mortages at 3.5 And if you think, that mortgage rates are biden's fault, you're mistaken. The FED determines mortgage rates and they should have been climbing a decade ago.

The Fed determines mortgage rates.

LOL

.

 

[Sledog]

Inflation raised the rates and that's on Biden

He'd need to I'm betting his love life is nonexistent. With women anyway.

 

[Blueduck]

The government stopped the fight before the 08 crash ran its course
A lot more homes should have gone a lot cheaper. Government local and state stopped it enough to where the hedge funds bought the houses leading to our rental economy. Artificial raising of value
The short sellers in 08 couldn't believe how long it took for mortgage securities to crash because the banks kept trying to rig the game until they couldn't
This is different because rates were low and not a lot of ARMs

The mortgage rates WERE NOT low in 2008. I think its finally happened. Race has gone senile on us.

Buck can't read. Mortgage rates were low now. Until Biden
Compared to 11 percent when we bought in 87 rates were low in 05. Cash machine on re fi
The adjustable rates kicking in tipped the crash over
Before you were born. Dumbass

Then maybe you should use the words "ARE" low instead of "WERE" low. Most people have at least mortages at 3.5 And if you think, that mortgage rates are biden's fault, you're mistaken. The FED determines mortgage rates and they should have been climbing a decade ago.

Actually, it's upon you to read what is written, I didn't have an issue understanding what he said.
Slow down and stop trying to win everything and gotcha everyone and quit being an ass.
It's a discussion not a competition!

 

[UW_Doog_Bot]

Reply @Bob_C
New builds in some states far outstrip demand(Nevada) while others(Cali) still have restricted supply propping prices up.
Then you have weird demographics with boomers snatching up larger and larger empty nests instead of downsizing or buying entry-level rentals and pricing out young couples.
A shrinking population but we just added millions of illegals.
Lotta confounding variables doing weird stuff. When recessions hit everything correlates to -1 though so I'd bet on prices going down. Regional differences will be massive though.

 

[Bob_C]

The indicators are all over the place as you said. Conventional methods of pulling levers won’t clean this up. Central planning gone wrong. Who could have predicted this.

 

[Bob_C]

Sounds like an economy on fire.

https://twitter.com/x/status/1792926319770210586

 

[EverettChris]

You guys are talking about IRs and home equity to a child who rents an apartment in South Lake Union 2 blocks from the bar he plays shuffleboard at.

just FYI

Kid thinks if you bought a house for $600,000 and it’s worth $1,000,000 now on Zillow you have an extra $400,000 in equity.
Fascinating naïveté.