U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-10-2018, 11:20 AM
Status: "delete" (set 20 days ago)
 
3,189 posts, read 1,273,221 times
Reputation: 2351

Advertisements

Quote:
Originally Posted by bmw335xi View Post
Difference is buyers are actually qualified this time unlike last time where people could state their income etc.
Lol.

Goldman Sachs' Marcus business is lending to subprime consumers - Business Insider
Reply With Quote Quick reply to this message

 
Old 05-10-2018, 11:22 AM
Status: "delete" (set 20 days ago)
 
3,189 posts, read 1,273,221 times
Reputation: 2351
Do you guys not understand this game yet? Do you not understand how it ends?

Is it still unfolding slowly, like a dream transitioning into a nightmare?

Why, yes it is. Will be years before you figure out it was all a set up.
Reply With Quote Quick reply to this message
 
Old 05-10-2018, 01:16 PM
 
2,768 posts, read 1,494,078 times
Reputation: 2172
You are naive to equate this with what was happening previously.
Reply With Quote Quick reply to this message
 
Old 05-10-2018, 02:05 PM
 
497 posts, read 226,331 times
Reputation: 720
So long as you see mortgage adds on TV touting "Your Home is your BANK!), and offering 100% mortgages to those who really cannot afford it (Like the Veterans mortgage Adds). You KNOW there will be something going down at some point.
Reply With Quote Quick reply to this message
 
Old 05-10-2018, 06:43 PM
 
572 posts, read 448,441 times
Reputation: 890
I think most people are head over heels in debt and housing is insanely expensive compared to wages. The average person is a few missed paychecks from joining the homeless.
Reply With Quote Quick reply to this message
 
Old 05-10-2018, 07:15 PM
 
Location: TX and NM on the border of the Great Southwest.
11,769 posts, read 15,788,877 times
Reputation: 22423
There are places where house prices have not soared since 2008.
Reply With Quote Quick reply to this message
 
Old 05-11-2018, 10:50 AM
 
Location: Sector 001
7,129 posts, read 5,942,160 times
Reputation: 8042
Quote:
Originally Posted by kapie9969 View Post
I think most people are head over heels in debt and housing is insanely expensive compared to wages. The average person is a few missed paychecks from joining the homeless.
I don't think it's fair they offer section 8 in large cities where housing is expensive.. there's lot of people like me who would like to live in Denver but don't want to pay $350,000 for a house that would cost $150,000 in other parts of the country.. why should natives get to pay $50/month while the government gives out these huge rent subsidies? Sometimes I wonder how people afford to pay this much... if they're anything like the people where I work they simply rely on 2 incomes and overtime.
Reply With Quote Quick reply to this message
 
Old 05-11-2018, 12:59 PM
 
2,621 posts, read 2,023,746 times
Reputation: 4761
The market today is nothing like the last bubble. Unless we have some huge event that causes massive layoffs, the market will behave like any other market. It will peak, cool down, slow or maybe even go a little negative and then eventually keep going up for another cycle.

It is funny how we have a once in a life time bubble pop and people now think real estate always does this as a routine.
Reply With Quote Quick reply to this message
 
Old 05-11-2018, 01:24 PM
 
Location: Los Angeles (Native)
24,147 posts, read 13,668,407 times
Reputation: 11358
Quote:
Originally Posted by stockwiz View Post
I don't think it's fair they offer section 8 in large cities where housing is expensive.. there's lot of people like me who would like to live in Denver but don't want to pay $350,000 for a house that would cost $150,000 in other parts of the country.. why should natives get to pay $50/month while the government gives out these huge rent subsidies? Sometimes I wonder how people afford to pay this much... if they're anything like the people where I work they simply rely on 2 incomes and overtime.
$350,000 sounds low for a house in Denver these days .

Median price now a little above 500k

https://www.denverpost.com/2018/03/0...ge-home-price/

Regarding Section 8 a lot of landlords in nicer areas won’t take it . The wait list I heard is like 10 years too . At least I know it’s that way in L.
L.A does have rent control so there are a lot of people paying about half of market rents. Sometimes these people actually make high incomes since rent control is not based on income .

No doubt if you got rid of rent control you’d have lower market rents . This would help newcomers to a city but also younger people too .
Section 8 is different since it’s income based and also I believe you usually need to have kids or disability or elderly to qualify .
Reply With Quote Quick reply to this message
 
Old 05-11-2018, 01:39 PM
 
Location: Los Angeles (Native)
24,147 posts, read 13,668,407 times
Reputation: 11358
Quote:
Originally Posted by High Altitude View Post
The market today is nothing like the last bubble. Unless we have some huge event that causes massive layoffs, the market will behave like any other market. It will peak, cool down, slow or maybe even go a little negative and then eventually keep going up for another cycle.

It is funny how we have a once in a life time bubble pop and people now think real estate always does this as a routine.
It wasnít a once in a lifetime thing for the L.A area .

In about 1990 prices went down and didnít recover until about 2000 .

Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top