Foreclosure ban end.

[Anonymous]

[quote=an][quote=deadzone]If there is a stock market crash, housing will crash too, guaranteed. The same forces are blowing up both bubbles. And if there is a crash, it will be far worse than 2008. That bubble was purely housing and mortgages, now there is more insane speculative money out there than I’ve ever seen. This makes the dot com bubble look like child’s play. This bubble is everywhere. Look at the insane housing prices, stocks, crypto currencies, even baseball cards. I not kidding, I follow sports collectibles and there are cards auctioning off for 7 figures on a weekly basis. This is insane and unprecedented.[/quote]100% agree. Considering how catastrophic it would be if we see a massive crash of this magnitude when memory is still so raw from 2008. My bet is the fed and government will act BIG if we get any sign of major crash. We might see $20T stimulus before we see repeat of 1929 or 2008. So, I’m betting on inflation.[/quote]

Although personally I want to see a crash, I agree the likely hood is Fed/Gov will stop at nothing to avoid it because they have no choice. Hyperinflation is better alternative than total collapse of the system. Either way, best to get out of cash.

[sdrealtor]

Time…… Time heals all wounds. Many of you are viewing the insanity through a 1-3 year window. Spread it out over 10 as they do and it’s a different story. Keep prices mostly flat for ten years with low interest rates and 4-5% inflation and this goes away quietly. That is until the next quick run up after that

[scaredyclassic]

Is there a scenario where interest rates are not under governmental control?

[Anonymous]

[quote=scaredyclassic]Is there a scenario where interest rates are not under governmental control?[/quote]

Well certainly before the Fed QE programs started there was an actual free market for bonds. This is all a fairly recent phenomenon since 2009 or so. There was no such talk of a Fed balance sheet before then.

https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

[Reality]

[quote=temeculaguy]I will happily call it a bubble right now. Mark my words as I will link this post in the future. The invisible hand has been stymied and nothing good ever comes from that, unless inflation counteracts it. Anecdotal case in point, my son and his wife have lived with me rent free through the pandemic and have a six figure down payment. Yes they are mid to late 20 somethings with degrees and a low six figure combined income and they cannot buy a starter home in Temecula. The last time this happened it was 2006 and we all know how that turned out. Haircuts are coming, the two freshly minted teachers rule is back in play, when two freshly minted teachers cannot buy a condo the bubble bursts, exhurbs get it first and gt it the worst, I smell Deja Vu! I like my house, just signed contracts for solar and tesla powerwalls, already got a fake lawn so I’m staying put but I’ll pick up a rental or two in the next crash, your results may vary. But thee current valuations are not sustainable.

The house I paid 270 for at the bottom in 2008 is worth 700-800, you have got to be kidding me, 500 maybe.[/quote]

Thank you for countering what has become largely a cheerleader blog. I don’t have the energy anymore but liked reading your post.

[Coronita]

Inflation is already here. How much are people people payment for a medium size jamba juice these days? $7-8? Have you folks looked atyour dining bills lately? Or your grocery bills? Then theres all the announcements from a lot of consumer staoles thst.alresdyndaid they will be jacking up prices

https://www.wsj.com/articles/procter-gamble-will-raise-prices-in-september-11618916498

Both China and US have no choice. Print baby print.

Usually, free and clear me like to live debt free. Now, im willing to take a little gamble that the USD will continue to get trashed and borrowed money now will be worth a heck of lot less in the future. The challenge is to not be comoletely foolish and dump.it all back into thr stock market.That, and the reality of this too, at least for now lol:

[img_assist|nid=27358|title=Oops|desc=|link=node|align=left|width=600]

hmmmm. Should I go for that short to mid term CDs with a 0.05% return….or should i go go for that 2 year CD with that awesome large 0.15% return, or shall i go after that 5 year CD with a killer 1% return????

I think my money in a impound account for my cash out loan earns 2% at least, by state law lol.

[The-Shoveler]

[quote=Coronita]
hmmmm. Should I go for that short to mid term CDs with a 0.05% return….or should i go go for that 2 year CD with that awesome large 0.15% return, or shall i go after that 5 year CD with a killer 1% return????

I think my money in a impound account for my cash out loan earns 2% at least, by state law lol.[/quote]

If inflation really starts kicking in I think 4% CD’s are possible. I was getting 6% in a FDIC CD in 2006, Of course the bank went BK but FED made me whole + interest.

[scaredyclassic]

I think everyone can make 5 to 10 perc guaranteed easily.

Just stock up on household supplies. Spend 10 k at Costco, same stuff will be 11k in 2022.

Just make sure you use your garbage bags and toothpaste sparingly to maintain savings.

Problem is storage costs and holding costs. Do I really want to buy 2025s toilet paper this weekend? My return is lower if I have to wait 6 years to use that floss.

This also runs counter to my other investment strategy, the highest yielding trick ever…don’t spend money. I had an available bowl that was 10.29! Seemed high to me.

[The-Shoveler]

[quote=scaredyclassic]I think everyone can make 5 to 10 perc guaranteed easily.

Just stock up on household supplies. Spend 10 k at Costco, same stuff will be 11k in 2022.
[/quote]
Sounds like something My mother would do LOL.

[scaredyclassic]

Smart lady. Stock up on shovels for little shoveler.

[Coronita]

[quote=scaredyclassic]I think everyone can make 5 to 10 perc guaranteed easily.

Just stock up on household supplies. Spend 10 k at Costco, same stuff will be 11k in 2022.

Just make sure you use your garbage bags and toothpaste sparingly to maintain savings.

Problem is storage costs and holding costs. Do I really want to buy 2025s toilet paper this weekend? My return is lower if I have to wait 6 years to use that floss.

This also runs counter to my other investment strategy, the highest yielding trick ever…don’t spend money. I had an available bowl that was 10.29! Seemed high to me.[/quote]

Actually, easier than that. Just buy lots of Sees candies gift certificates. I have some from circa 1990ies i bought for like $5 for 2lbs of chocolate. I think 2lbs of sees candies nuts and chew chocolates are now around $45 now.

[scaredyclassic]

Gift tastes go out of style…but tp is forever. Except, well, I’m liking those baby wipes nowadays.

Also, one major investment strategy that sees candies screws up is investing in your teeth. If you can just keep your own teeth you could save 50k plus in dental implants!!!

Avoid sugar if you can and floss like your life depends on it. Also, try neem powder. Remedy from India. My mouth feels awesome when I use it. Not available anywhere but internet, except for minute quantities in toothpaste. Could be a big item someday. Maybe I should get in the neem game.

[Coronita]

[quote=scaredyclassic]Gift tastes go out of style…but tp is forever. Except, well, I’m liking those baby wipes nowadays.

Also, one major investment strategy that sees candies screws up is investing in your teeth. If you can just keep your own teeth you could save 50k plus in dental implants!!!

Avoid sugar if you can and floss like your life depends on it. Also, try neem powder. Remedy from India. My mouth feels awesome when I use it. Not available anywhere but internet, except for minute quantities in toothpaste. Could be a big item someday. Maybe I should get in the neem game.[/quote]

Sees candies has not gone out of business for over 100 years.

[scaredyclassic]

[quote=Coronita][quote=scaredyclassic]Gift tastes go out of style…but tp is forever. Except, well, I’m liking those baby wipes nowadays.

Also, one major investment strategy that sees candies screws up is investing in your teeth. If you can just keep your own teeth you could save 50k plus in dental implants!!!

Avoid sugar if you can and floss like your life depends on it. Also, try neem powder. Remedy from India. My mouth feels awesome when I use it. Not available anywhere but internet, except for minute quantities in toothpaste. Could be a big item someday. Maybe I should get in the neem game.[/quote]

Sees candies has not gone out of business for over 100 years.[/quote]

Polaroid. 1999.

[sdrealtor]

[quote=Reality][quote=temeculaguy]I will happily call it a bubble right now. Mark my words as I will link this post in the future. The invisible hand has been stymied and nothing good ever comes from that, unless inflation counteracts it. Anecdotal case in point, my son and his wife have lived with me rent free through the pandemic and have a six figure down payment. Yes they are mid to late 20 somethings with degrees and a low six figure combined income and they cannot buy a starter home in Temecula. The last time this happened it was 2006 and we all know how that turned out. Haircuts are coming, the two freshly minted teachers rule is back in play, when two freshly minted teachers cannot buy a condo the bubble bursts, exhurbs get it first and gt it the worst, I smell Deja Vu! I like my house, just signed contracts for solar and tesla powerwalls, already got a fake lawn so I’m staying put but I’ll pick up a rental or two in the next crash, your results may vary. But thee current valuations are not sustainable.

The house I paid 270 for at the bottom in 2008 is worth 700-800, you have got to be kidding me, 500 maybe.[/quote]

Thank you for countering what has become largely a cheerleader blog. I don’t have the energy anymore but liked reading your post.[/quote]

Yes Reality. being a permabull is exhausting.

I disagree vehemently. I do not see cheerleaders, I see pragmatists. People who are willing and able to watch what is going on and exploit it. I think most of us would be happy to see a big decline as we are long term investors and committed to the area. Personally i dislike when prices get high and could care less what my house is worth. I have no plans to ever sell and hope it becomes a generational income producing asset for my family or home for my heirs. I like when prices dip and our neighborhood gets rejuvenated with more young families. The sound of kids playing on the tree swing a few houses away brings me great joy and I hope for more of that.

But here’s the worst part. When and if that correction comes, you permabears that have sat on the sidelines will be competing with us pragmistists that have been enjoying massive gains the last 10 years and have been converting them to long term income generating assests like dividend stocks and bread n butter rentals around town.

I glad you enjoyed reading TG’s posts but what you expect to get out of that is likely fantasy. I see why you are exhausted. Temecula is calling your name

[Author]

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