Homebuilder Stocks

[Anonymous]

[quote=an][quote=deadzone]As I’ve said before, I expect at a minimum prices to correct to pre-Covid levels. Beyond that, really depends on when the Fed decides to pivot and turn the spigot back on.

I have no particular plans regarding RE, other than sitting back, eating my popcorn and enjoying watching the carnage. If Fed turns the spigot back on, my plan will be to buy a lot more gold and bitcoin.[/quote]
So, you railed against me for cheering for crazy inflation like the 70s because a lot of people will be hurt, but then you’re cheering for and enjoy watching people hurt in the carnage?

What’s even worst is, you cheering for a carnage show for nothing more than personal entertainment.[/quote]

Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.

[an]

[quote=deadzone]
Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.[/quote]
LoL, wrong. The wealthy were the one that benefited most during the 2008 crash.

[sdrealtor]

[quote=deadzone][quote=an][quote=deadzone]As I’ve said before, I expect at a minimum prices to correct to pre-Covid levels. Beyond that, really depends on when the Fed decides to pivot and turn the spigot back on.

I have no particular plans regarding RE, other than sitting back, eating my popcorn and enjoying watching the carnage. If Fed turns the spigot back on, my plan will be to buy a lot more gold and bitcoin.[/quote]
So, you railed against me for cheering for crazy inflation like the 70s because a lot of people will be hurt, but then you’re cheering for and enjoy watching people hurt in the carnage?

What’s even worst is, you cheering for a carnage show for nothing more than personal entertainment.[/quote]

Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.[/quote]

I will wager you anything. Literally anything. My life included that we won’t go back. Make the bet. Auto accept up to infinity

Zero chance. Do you have anything I might like?

[sdrealtor]

[quote=an][quote=deadzone]
Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.[/quote]
LoL, wrong. The wealthy were the one that benefited most during the 2008 crash.[/quote]

This is why he’s poor. He doesn’t get it

[Coronita]

[quote=deadzone]
Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.[/quote]

Hate to break the news to you. Neither inflation or a stock market crash really hurts wealthy people. Most wealthy people aren’t speculating on 1-hint wonders and derive all their wealth from 1 specific source. And in many cases, they are hedged against single points of failure.

All jokes aside… You really think that a single correction in 1 stock is going to make a material difference in someone’s finances that they’ve planned 10,15,20+ years? Most of these people are not counting on growing wealth on one hit one shot wonders…Which is why on the other thread, I found it interesting that you took up specific short positions in specific companies it sounds in a sizable manner that materially will impact you financially. That’s a pretty risky move that I wouldn’t personally want to gamble my financial future that way. You need to be right fairly consistent to come out ahead. Me, I can be wrong many times and still come out ok…That’s the difference. I’m guessing that’s why you feel you need to prove you are right most of the time, and not the path I would choose to try to build wealth. The probability of you being consistently right in order for your outcome is pretty low, no offense. If you were that good, you would be working for one of the big i-banks as trader making a shitload of money.

If in doubt, just ask flyer. I’m sure he’s laughing his ass off about this post
[quote]
“Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.”
[/quote]

Wealthy people don’t count on the retail stock market to derive most of their wealth.

[Anonymous]

[quote=sdrealtor][quote=an][quote=deadzone]
Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.[/quote]
LoL, wrong. The wealthy were the one that benefited most during the 2008 crash.[/quote]

This is why he’s poor. He doesn’t get it[/quote]

Yes because the government and FEd bailed them out. Not claiming they won’t do that again, obviously the bankers own Washington regardless of political party.

[Anonymous]

[quote=sdrealtor][quote=deadzone][quote=an][quote=deadzone]As I’ve said before, I expect at a minimum prices to correct to pre-Covid levels. Beyond that, really depends on when the Fed decides to pivot and turn the spigot back on.

I have no particular plans regarding RE, other than sitting back, eating my popcorn and enjoying watching the carnage. If Fed turns the spigot back on, my plan will be to buy a lot more gold and bitcoin.[/quote]
So, you railed against me for cheering for crazy inflation like the 70s because a lot of people will be hurt, but then you’re cheering for and enjoy watching people hurt in the carnage?

What’s even worst is, you cheering for a carnage show for nothing more than personal entertainment.[/quote]

Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.[/quote]

I will wager you anything. Literally anything. My life included that we won’t go back. Make the bet. Auto accept up to infinity

Zero chance. Do you have anything I might like?[/quote]

I don’t need to take your wager. The fact that you (and others like you) will take a 50% haircut in your wealth is all the satisfaction I need.

[an]

You only get a hair cut if you sell. You should know that, since you’ve been harping it.

Why sell if your mortgage is less than the rent of a 2/2 apartment?

[sdrealtor]

[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=an][quote=deadzone]As I’ve said before, I expect at a minimum prices to correct to pre-Covid levels. Beyond that, really depends on when the Fed decides to pivot and turn the spigot back on.

I have no particular plans regarding RE, other than sitting back, eating my popcorn and enjoying watching the carnage. If Fed turns the spigot back on, my plan will be to buy a lot more gold and bitcoin.[/quote]
So, you railed against me for cheering for crazy inflation like the 70s because a lot of people will be hurt, but then you’re cheering for and enjoy watching people hurt in the carnage?

What’s even worst is, you cheering for a carnage show for nothing more than personal entertainment.[/quote]

Difference is crazy inflation hurts mostly poor and working class. Housing/stock crash hurts mostly wealthy, and wannabe wealthy pricks.[/quote]

I will wager you anything. Literally anything. My life included that we won’t go back. Make the bet. Auto accept up to infinity

Zero chance. Do you have anything I might like?[/quote]

I don’t need to take your wager. The fact that you (and others like you) will take a 50% haircut in your wealth is all the satisfaction I need.[/quote]

That will never happen and even if it did it would have zero impact on my life. I knew you wouldn’t take the bet. I’ve made several bets on this blog and every single one of them I won going away. Of course each poster vanished without paying but that was to be expected. I knew you were too much of a p@ssy to put your money where your mouth was. But of course there is zero chance of you winning. When I make a bet I know I have already won the bet. The only question is whether I’ll collect on it

[Coronita]

[quote=deadzone]
I don’t need to take your wager. The fact that you (and others like you) will take a 50% haircut in your wealth is all the satisfaction I need.[/quote]

Wow, I don’t think anyone else wishes you to eat shit. But now it’s pretty obvious where the sour grapes and ax grinding is coming from.

Sorry you feel compelled to base your major financial decisions on your Schadenfreude tendencies and that gets in the way of objectivity. I don’t think the rest of the world feels it’s a zero sum game the way you do. Good luck to you 🙂

[Coronita]

Dz, if the economy is so bad that housing falls back to pre pandemic prices, I’m fairly confident you will unemployed and unable to qualify a loan to buy a house. And, if in the unlikely chance you have cash to buy a home outright, I am pretty certain you would be overcome by fear and buying a discounted house would be the last of your priorieties,versus others who are no longer fully dependent on a regular paycheck. That I’m pretty confident of.

That, and I’d be more concerned s out inflation in daily things such as food and rent which would be slowly eroding one’s wage income which clearly never keeps up with inflation.

[sdrealtor]

There is zero chance. He is drunk on stupidity while suffering a terminal case of envy. That would require prices dropping over 50% here. During the bubble burst they bottomed around 23% down around me not coming closing to my 30% predicted worst case scenario. That was with zero down NINJA loans and no qualifying. Homeowners weren’t sitting on sub 3% mortgages. There was not trillions in newly printed cash sloshing around the economy. Workers at In n Out would be able to buy houses in Mira Mesa. How the heck would we suffer a decline anything close to double what happened during the bubble burst? ZERO chance

[Anonymous]

[quote=Coronita]Dz, if the economy is so bad that housing falls back to pre pandemic prices, I’m fairly confident you will unemployed and unable to qualify a loan to buy a house. And, if in the unlikely chance you have cash to buy a home outright, I am pretty certain you would be overcome by fear and buying a discounted house would be the last of your priorieties,versus others who are no longer fully dependent on a regular paycheck. That I’m pretty confident of.

That, and I’d be more concerned s out inflation in daily things such as food and rent which would be slowly eroding one’s wage income which clearly never keeps up with inflation.[/quote]

So you really believe that housing prices correcting back to where they were just 2 years ago, would be so catastrophic that everyone would lose their jobs? I don’t know anyone who lost their job during the “Great Recession”, did you?

Your attitude makes it clear that you believe, even more than I, that our entire economy is reliant on housing wealth effect.

[Coronita]

[quote=deadzone][quote=Coronita]Dz, if the economy is so bad that housing falls back to pre pandemic prices, I’m fairly confident you will unemployed and unable to qualify a loan to buy a house. And, if in the unlikely chance you have cash to buy a home outright, I am pretty certain you would be overcome by fear and buying a discounted house would be the last of your priorieties,versus others who are no longer fully dependent on a regular paycheck. That I’m pretty confident of.

That, and I’d be more concerned s out inflation in daily things such as food and rent which would be slowly eroding one’s wage income which clearly never keeps up with inflation.[/quote]

So you really believe that housing prices correcting back to where they were just 2 years ago, would be so catastrophic that everyone would lose their jobs? I don’t know anyone who lost their job during the “Great Recession”, did you?

Your attitude makes it clear that you believe, even more than I, that our entire economy is reliant on housing wealth effect.[/quote]

Bookmarked. No, that’s not what I said. I believe the only way that housing would correct back to pre pandemic levels is of the entire economy collapses such that the majority of the population are unemployed and can no longer afford to make their regular mortgage payments and need to prioritize spending spending money on basic necessities….housing collapse would only be a side effect of a larger catastrophic problem….and such a catastrophic economic demise would certainly drastically affect you who still are primarily dependent on wage income on top of increase cost of living and rising cost basic necessities that we have right now from inflation that is slowly eroding what you and everyone else is taking home to save for a house or invest otherwise…and since housing is still a good portion of your expenses and in your case it’s also a variable rate , a sudden catastrophic job loss would still leave you significantly exposed to your larger cost of living expenses that now has to be funded completely from your savings….that’s why I say be careful what you wish for

[sdrealtor]

Zero chance. Just a bitter jealous fool

And how could anyone not know anyone that lost their jobs in the recession. I know more than I can count in dozens of industries. The ones spared were those on the public sector soup line

[Author]

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