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Old 04-26-2013, 03:14 AM
 
3,574 posts, read 4,046,131 times
Reputation: 3051

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Gotta love it when 2 guys start reading Zerohedge and then think they know everything about how the world economy works. LOL!
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Old 04-26-2013, 11:19 AM
 
10,129 posts, read 8,594,486 times
Reputation: 5971
You say this like it's actually true and might actually happen. That's laughable.

Quote:
Originally Posted by Trader Joe99 View Post
Housing market is NOT a stock market. Housing market shouldn't be Las Vegas style Casino game.
Housing can never again become a roulette wheel.

Things can change but WE have to change them.
Americans need to respond to the current crisis by helping to deflate prices: STOP borrowing money; STOP buying things you don't need. Say NO to the government-inspired self-indulgence, to the government- inspired inflation of the undisciplined consumer (and consumptive) mania.
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Old 04-26-2013, 12:12 PM
 
518 posts, read 602,610 times
Reputation: 489
Quote:
Originally Posted by VegasVicsezhowdy View Post
So far your 100% wrong but at least your consistent. Now, back to the topic...

Big problems on the horizon for strike-it-rich investors and speculators who continue to deploy capital in the low to mid-income driven housing arena:

1) The more the market manipulation, the more the distortion and the more the distortion, the more the miss-pricing and the more the miss-pricing, the more the malinvestment piles-up and the more the malinvestment piles-up, the more the risk/reward models become fatally flawed.

2) Renters ability to pay always gets whacked from the bottom up.

Meanwhile the printing at the Fed won't stop until there's a run on the dollar. The stampede into real estate is just one of the hints that people want things with inherent value, no argument there.

But...

When they raise interest rates to save the dollar then what? Interest rates are rock bottom, prices are cheap, where's the cushion to absorb the volatility when rates rise? The future housing market will be very interest rate sensitive.

Stay mobile and debt free my friends!
V V you make some valid points, but how can a family with young children stay MOBILE ? At what point to you give your kids the STABILITY they need to grow up normal. Also debt free and children is an oxymoron. IMHO if you had young kids you might approach home ownership a little different.
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Old 04-26-2013, 12:16 PM
 
Location: Reno
876 posts, read 1,859,868 times
Reputation: 847
Quote:
Originally Posted by Onlyliveonce View Post

Also debt free and children is an oxymoron. IMHO if you had young kids you might approach home ownership a little different.
Bingo!

I wasn't debt-free until my kids were grown and on their own. The poster you referenced is clueless about this.
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Old 04-26-2013, 03:22 PM
 
518 posts, read 602,610 times
Reputation: 489
Quote:
Originally Posted by owelles View Post
Bingo!

I wasn't debt-free until my kids were grown and on their own. The poster you referenced is clueless about this.
It was a rhetorical question. Never expected V V to understand about being a parent. Glad to hear you are debt free. I have a 3 year old and a nine year old and I am 42 . I have a long time to go.
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Old 04-26-2013, 04:17 PM
 
27,193 posts, read 38,436,712 times
Reputation: 35224
Quote:
Originally Posted by observer53 View Post
The above opinion can be stated about ANY number of cities, not just Las Vegas. For the LAST time, take that message to the general forums, where you will have a much wider audience for the message you and VegasVic are both trying to spread.

Do you have this in NotePad so you can copy and paste? If not you should consider it because I don't think the problem is going away.
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Old 04-26-2013, 04:26 PM
 
207 posts, read 425,708 times
Reputation: 229
Debt causes stress. Debt kills. Debt breaks up marriages and relationships. Debt pushes people to do things they shouldn't.

I would rather have less and live a lower lifestyle but be debt free.

People talk about market manipulation. The real manipulation is instigated by people and institutions to keep the general populace in a perpetual state of debt. We are in effect becoming a nation of indentured servants. Hooked up to the treadmill to service our student loans and mortgage payments and credit card bills and Sears charge cards and car payments and...etc. etc.

This is not a conspiracy theory. This is the truth. It is real. We can all see it.

Staying debt free = FREEDOM!
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Old 04-26-2013, 04:38 PM
 
518 posts, read 602,610 times
Reputation: 489
A parent always wants to give their children more than they had growing up .I now ask the question , how do you give your kids a safe and secure future ?
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Old 04-26-2013, 05:50 PM
 
283 posts, read 415,495 times
Reputation: 217
Quote:
Originally Posted by ilovegarlic View Post
Debt causes stress. Debt kills. Debt breaks up marriages and relationships. Debt pushes people to do things they shouldn't.

I would rather have less and live a lower lifestyle but be debt free.

People talk about market manipulation. The real manipulation is instigated by people and institutions to keep the general populace in a perpetual state of debt. We are in effect becoming a nation of indentured servants. Hooked up to the treadmill to service our student loans and mortgage payments and credit card bills and Sears charge cards and car payments and...etc. etc.

This is not a conspiracy theory. This is the truth. It is real. We can all see it.

Staying debt free = FREEDOM!
Isn't paying rent just like paying a mortgage expect with a mortgage at the end of 30 yrs you don't pay anymore but with rent you keep paying like a treadmill that never ends? That sounds like the only way to get off the treadmill unless you move into the mountains and live in a tent with a campfire.
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Old 04-26-2013, 06:25 PM
 
Location: Here and there, you decide.
11,633 posts, read 22,817,232 times
Reputation: 3932
Quote:
Originally Posted by NoMoreRJ View Post
Isn't paying rent just like paying a mortgage except with a mortgage at the end of 30 yrs you don't pay anymore but with rent you keep paying like a treadmill that never ends? That sounds like the only way to get off the treadmill unless you move into the mountains and live in a tent with a campfire.
Bingo... I will never understand the renter mentality....And even if a home goes down in Value, its still worth something in the end...
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