[The-Shoveler]

The last recession was an exception IMO,

Mostly recessions do not affect home prices much except in hyper local situations directly affected by the downturn.

Sometimes it even causes housing to go up because interest rates generally are lowered once the downturn is detected and people are looking for anything to put their money into that is not a stock LOL.

[The-Shoveler]

U.S.-China Trade Talks to Take Place in Beijing in Early January.

https://www.yahoo.com/finance/news/u-china-trade-talks-place-205531768.html

[The-Shoveler]

We will see I guess, seems like both sides could benefit from a compromised deal (the sooner the better),

[The-Shoveler]

I am not as sure a recession is coming anytime soon now.

I am thinking if the fed holds here (and communicates such), maybe a deal with China and we could be back in the race.

We will see I guess.

[The-Shoveler]

Well there is still depreciation.

For those buying a low end primary it probably still beats renting.

[The-Shoveler]

[quote=flu]

Also, SALT caps don’t apply to people owning investment properties. they still write off the full property tax as a cost. Plus rent prices are still insanely high. Plus Prop 10 was thankfully defeated. No hurry to exit as a rental.
..[/quote]

Some low end properties will “still” cash flow even at this level and these rates.

[The-Shoveler]

“While this certainly could continue to be the case, at some point I think people collecting 0.25, 1%, etc a year in other countries will decide instead to move their cash here and buy US Bonds. That will lead to… lower mortgage rates”

Looks like gzz was right (well at least for the moment).

Long live King dollar!! LOL

Oh well should keep inflation down.

[The-Shoveler]

Well that should just about kill it (the expansion).
IMO anyway.

[The-Shoveler]

If the Fed is truly data driven they won’t IMO.

More and more analyst are saying they should not.

As long as the debt is in your own currency the National debt is not as big a deal as lot of people make it out to be IMO.

[The-Shoveler]

“How is selling, renting, and waiting for a downturn to re-buy really suppose to work out for the long term?”

Unless you have once in a life time drastic (50% or greater) downturn occur I could never see the logic in selling and renting/waiting for the next downturn, rent + commissions will eat most of the profit not to mention moving costs, hassles and most important time.

Maybe if you start out with “2” LOL.

Other than that I think it would be a lot of work and lost time for not much.

anyway IMO.

[The-Shoveler]

“In a modern society that should not happen”

It was in L.A. 1994 January.

[The-Shoveler]

To me a car is “FREEDOM” (and convenience),

I really could not imagine my life without owning one.

Yes a Backup is backup.

Have you ever been without electricity for 2 or 3 weeks?
I have.

Actually I could image it (it was a PITA),
I lived in Shanghai (inner circle) for several months, it was novel for a week or so but it quickly became a PITA without a car.

I would add that car makers need to sell “BASIC” cars and trucks again.

They are pushing luxury way too much.

[The-Shoveler]

[quote=FlyerInHi]So I was at Costco the other day and people were waiting in line to fill their cars.

Such a waste of time to go to the gas station. With an electric, you don’t need to wait in line for fuel ever.

I love it that’s EV have become a status symbol. That with LED lighting. Makes people who cling to old tech look like imbeciles.[/quote]

Just imagine most current condo/apartment dwellers finding a charging station, then waiting for the batteries to charge LOL.

Don’t get me wrong, but until we get 5-15 minute charging stations, EV is mostly reserved for home owners who can let their car sit and charge for several hours in a garage once a day or so.

Even if you get 15 minute chargers you will need one hell of a lot of them (many many more than current gas pumps), else you could be waiting several hours just to get your chance to charge.

I would definitely want a backup generator (maybe a backup gas ICE car) If I had an EV.

[The-Shoveler]

If GE spins off the Jet engine biz, I may invest some in that.

[The-Shoveler]

IMO 3D printing and AI will overcome any manufacturing capacity advantage china has over USA in the next 20 years.

IMO Their main advantage at that point will be their willingness to pollute their own environment for resource advantage.

If Vietnam is manufacturing stuff for USA why would they not want to manufacture their own stuff for the local consumers?

[Author]

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