[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

[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

[sdrealtor]

I’ve been saying this was gonna happen for a year. Now media is recognizing it also. Higher rates will hurt as much as help

https://finance.yahoo.com/news/mortgage-rate-trap-housing-market-203108693.html

[sdrealtor]

[quote=scaredyclassic]If you can get a natural erection in Boynton beach, probably you feel like top dog.[/quote]

Erections are ancient history in Boynton Beach. If you can drive you are Don Juan

[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

[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]

My favorite uncle used to say they would sit around the pool in Boynton Beach and compare medication lists. That is status when you are in your 80’s

[sdrealtor]

What an unkind person. And who one I personally guarantee is going to be horribly disappointed. ZERO chance prices go pre COVID around here. ZERO

[sdrealtor]

[quote=gzz]“ For a lot of competitive people money is a way of keeping score in life”

I know a lot of wealthy and competitive people, and none are that shallow. I’m sure they exist somewhere, but not too common.

My happiness level is strongly correlated with how well my family is doing and how much free time I have. Money provides the option to help on both these fronts.

Having a competitive personality is good for my litigation clients, and society since most of my work is public interest. I feel basically OK when I am in the zone, and crushing my adversaries, but it objectively is bad for me, and gave me early hypertension (135/85 area at 38 when I began diet changes, weight loss, exercise, and lisinopril)[/quote]

We know very different people and perhaps different levels of rich. Having read your opinions for years they are far from mainstream

[sdrealtor]

[quote=deadzone][quote=Coronita][quote=deadzone]Yea, Nail is up like 1% today. Meanwhile interest rates continue to surge, just not a good scenario for homebuilders and tech stocks.[/quote]

Well, it was up 8%. We just needed you to come back and comment about it going down before market closes. Just like Pfizer…lol…[/quote]

I never commented about Pfizer and the point of this is not betting on stock direction. The point is that the direction of housing stocks (and interest rates) is indicative of an upcoming housing crash unless the Fed decides to pull a 180 on their tapering like they did in late 2018.[/quote]

So if housing crashes what are your plans? How much of a crash are you expecting and would it take to implement those plans?

[sdrealtor]

When I see that word this is all I can think of

[sdrealtor]

[quote=scaredyclassic]I’ve got my solo therapist too. It’s useful! Like meditation. Visit your mind.

Let’s say your net worth is 4 million. Then later it’s 5 million. Nothing will likely change. You’ll just maintain your bigger pile, then later withdraw from it at slightly higher amount. But it won’t change things. You’ll assume it could fade back to 4. Or swell to 6. But what will be different fundamentally? Same thing with chasing more higher paying work. You might spend a bit more but it won’t really impact anything. Your general sense of self and your reality will plod on unchanged, probably.

There’s never enough to feel fully secure.[/quote]

For a lot of competitive people money is a way of keeping score in life

[sdrealtor]

And just like that. Finished green today

[sdrealtor]

Exactly it’s not about being up on any given day, week or even month but rather over time. I’d ask who the winners and losers are here but they’ve already been clearly identified. Gooal!!!!

[sdrealtor]

[quote=oceanbreeze][quote=an]https://www.redfin.com/CA/San-Diego/10484-Flanders-Pl-92126/home/6398700

Closed at $1.51m, $310k above asking.[/quote]

20 days closing. It looks like a cash buyer also.[/quote]

Not necessarily. I’ll have to check. Lenders have gotten very good at closing loans much faster

[Author]

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