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Old 07-25-2018, 05:59 PM
 
1,203 posts, read 835,948 times
Reputation: 1391

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Quote:
Originally Posted by duke944 View Post
When someone tells you that you are "spewing" when all you are doing is stating facts - beware. Either they are really dumb or they have an agenda.
No agenda here. I was stating facts also. Again, what are you going to do with the information you got from your crystal ball? Besides scream the sky is falling (which really is of no use to anyone).
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Old 07-25-2018, 06:34 PM
 
Location: Riding a rock floating through space
2,660 posts, read 1,556,212 times
Reputation: 6359
Quote:
Originally Posted by JJonesIII View Post
No agenda here. I was stating facts also. Again, what are you going to do with the information you got from your crystal ball? Besides scream the sky is falling (which really is of no use to anyone).
I guess enjoy life all I can now. What else ya gonna do?
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Old 07-25-2018, 11:07 PM
 
1,203 posts, read 835,948 times
Reputation: 1391
Quote:
Originally Posted by duke944 View Post
I guess enjoy life all I can now. What else ya gonna do?
Well there you go. Next time, chant the serenity prayer before you lose your cookies.
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Old 07-26-2018, 12:58 AM
 
426 posts, read 353,232 times
Reputation: 963
Quote:
Originally Posted by JJonesIII View Post
If I had to venture a wild guess, I'd say he's got nothing to sell.
We have a winner!
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Old 07-26-2018, 01:00 AM
 
426 posts, read 353,232 times
Reputation: 963
Quote:
Originally Posted by duke944 View Post
Housing prices can't go up forever
Really? Because over the long term, that most certainly does not seem to be true.
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Old 07-26-2018, 06:36 AM
 
18,172 posts, read 16,395,091 times
Reputation: 9328
[Originally Posted by duke944
Housing prices can't go up forever]

Quote:
Originally Posted by amokk View Post
Really? Because over the long term, that most certainly does not seem to be true.
True


What did a house in CA cost in 1880, 1920, 1950, 2000? Some people simply want their income to go up but everything else to drop.
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Old 07-26-2018, 09:54 AM
 
Location: Riding a rock floating through space
2,660 posts, read 1,556,212 times
Reputation: 6359
Quote:
Originally Posted by expatCA View Post
[Originally Posted by duke944
Housing prices can't go up forever]


True


What did a house in CA cost in 1880, 1920, 1950, 2000? Some people simply want their income to go up but everything else to drop.
The problem with the bottom falling out of the housing market, even though temporary, is getting stuck in a hugely upside down mortgage. In this situation, their choice to move is gone and if their income changes for the worst they are looking at a forclosure rather than selling.
The real problem with these out of control housing prices not stopping is, of course, practically an entire generation is being into life long renting slaves.
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Old 07-26-2018, 10:29 AM
 
4,481 posts, read 2,285,399 times
Reputation: 4092
Quote:
Originally Posted by duke944 View Post
The problem with the bottom falling out of the housing market, even though temporary, is getting stuck in a hugely upside down mortgage. In this situation, their choice to move is gone and if their income changes for the worst they are looking at a forclosure rather than selling.
The real problem with these out of control housing prices not stopping is, of course, practically an entire generation is being into life long renting slaves.
Why is renting a problem? You have to live somewhere.
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Old 07-26-2018, 11:10 AM
 
Location: Riding a rock floating through space
2,660 posts, read 1,556,212 times
Reputation: 6359
Yeah, it's everybody's dream to make income for someone else your entire life on housing, never gaining a dime in equity. If it's not a problem, why don't you just rent a car your whole life too? c'mon, that isn't a serious question was it?
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Old 07-26-2018, 11:27 AM
 
Location: Corona the I.E.
10,137 posts, read 17,479,644 times
Reputation: 9140
Some of the big banks JP Morgan and Goldman Sachs predict a recession in 2020 and I agree based on how overheated everything is getting from housing to job market.

A burst of the bubble no, but that housing balloon is going to deflate by 10-15% IMO by 2020. Beach cities won't.
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