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Bay area housing market

Horse said:
....Run for the hills.....


Fed officials seem ready to deploy negative rates in next crisis.

http://www.marketwatch.com/story/fe...ploy-negative-rates-in-next-crisis-2015-10-10
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Your doom & gloom scenario may be realized at some point but its been predicted by many since 2009 and earlier. Imagine having acted on it 6 yrs ago and missed out on the biggest bull market ever

The article you linked shows the Fed is willing take every option available to save the economy/stock market. Their not out of bullets just yet, not going to bet against them just yet.


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"Guys, guys don't buy! Instead, pay exuberant rents while waiting and waiting for this bubble to pop. Then, hopefully with the pennies you've found underneath your couches because you've been getting ass blasted by your landlords all this time, buy!"
 
Don't do anything because... Eventually... Doom and gloom!

100 year cycle based on what? We've spent the last 100 years on the upswing of Hubbard's oil bell curve. That won't repeat over the next 100 years. If the crash comes, it will be an oil crash. There will be no resetting, no recovery to life as we know it. There will be a mass die off. It is possible, however unlikely, that we avoid this if we can ever upscale an alternative replacement for oil, without relying on oil itself to sustain it.

Short of that devastating oil crash doom and gloom, I'm not too worried about a real estate bubble.
 
Agent Orange said:
"Guys, guys don't buy! Instead, pay exuberant rents while waiting and waiting for this bubble to pop. Then, hopefully with the pennies you've found underneath your couches because you've been getting ass blasted by your landlords all this time, buy!"
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So much this. Spot on.
 
Reli said:
You mean those who aren't smart enough to get a fixed rate?
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I think he means rising interest rates will crater home sales prices. You won't be able to sell at a price near what you would buy one for today in the future.
 
Blankpage said:
Your doom & gloom scenario may be realized at some point but its been predicted by many since 2009 and earlier. Imagine having acted on it 6 yrs ago and missed out on the biggest bull market ever

The article you linked shows the Fed is willing take every option available to save the economy/stock market. Their not out of bullets just yet, not going to bet against them just yet.


:
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Not doom and gloom, just the normal long term cycle. I didn't miss out on anything. I work hard and my business makes good money. No need to gamble on markets. In fact my business is depression proof so I'm in better shape than most.

Already own two homes outright. One rented out, one my daughter and exwife live in. No hurry to buy another. Not at these peak prices.

I worked hard and played it smart my whole life and could retire right now if I wanted to. Buy high, sell low is not smart. Taking on huge debt in these troubled economic times isn't smart.

Make no mistake, economy is in serious trouble and on the edge of imploding. Do you think the fed is holding interest rates at zero for years for no reason? Do you think they are allowing the Chinese to buy up billions in our real estate for no reason? Do you think they are pouring trillions into the stock markets for no reason?

The are kicking the can down the road for as long as they can to stay in power. But what they are doing is making things worse for the middle class and economy, not better. Running housing/rents back up was the dumbest thing they could do. But hey, the rich investors are doing great, and that is all that matters.


Has it helped our economy? Has anything changed since 2007. Nope, we are in even worse shape now as cost of living is higher. Personal and government debt is higher. Middle class wages are lower than they were in 2007. The Chinese are buying up our real estate at an incredible rate, running up rents.

If you have faith in the fed, you have to be crazy at this point.

The drivers of the economy are just about all tapped out. Its all downhill from here, implosion imminent. The only thing they can do to put it off for a tiny bit is something completely crazy like negative interest rates.

Then again, I would love to borrow some money at -5 percent. hahahahaha!
 
Agent Orange said:
"Guys, guys don't buy! Instead, pay exuberant rents while waiting and waiting for this bubble to pop. Then, hopefully with the pennies you've found underneath your couches because you've been getting ass blasted by your Chinese overlords all this time, buy!"
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Fixed!


Hey, if you can only save pennies while working in the bay area, you are doing it wrong. Leave the bay area if you have to. But find a place you can put something away for the future.

Unless you want to wait in line for government cheese when the truly hard times come.

I don't see why anyone is having a hard time in the bay area. Haven't you heard? Our economy is BOOMING! hahahahaha
 
bojangle said:
Don't do anything because... Eventually... Doom and gloom!

100 year cycle based on what? We've spent the last 100 years on the upswing of Hubbard's oil bell curve. That won't repeat over the next 100 years. If the crash comes, it will be an oil crash. There will be no resetting, no recovery to life as we know it. There will be a mass die off. It is possible, however unlikely, that we avoid this if we can ever upscale an alternative replacement for oil, without relying on oil itself to sustain it.

Short of that devastating oil crash doom and gloom, I'm not too worried about a real estate bubble.
Click to expand...


Read up on the prior housing and stock market bubbles of the 1920's, which implosion led to the great depression. It took over 50 years for housing prices and stocks to rebound from that crash.
 
Holeshot said:
Deja Vu!

http://www.bayarearidersforum.com/forums/showthread.php?p=7926417#post7926417

Deja-Deja Vu!

http://www.bayarearidersforum.com/forums/showthread.php?p=7884700#post7884700


Lots-0-greenies made in the last 24 months....
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I made a lot of greenies too. The old fashioned way, through hard work. Didn't risk a dime of my hard earned money.

Lets see... First thread you linked was about investing in gold back in early 2013. In every post I said it was a suckers bet.

Lets look at the chart. Since early 2013, gold has steadily declined. From early 2013 it went from 1700 to 1100 now. Are you trying to prove I was right? lol

As for the second post. Yes the fed managed to kick the can down the road 3 years by putting interest rates to zero and leaving them there. Also by borrowing and pumping trillions into the markets. Now we are trillions more in national debt, and nothing has changed economy wise. Still struggling along, especially the poor and middle class.

Are we in better shape?

Are living costs and housing more affordable?

Are people earning more money?

Yes the fed pumped trillions into the economy and bailed out the investors at the cost of the middle class. But in doing so shot the economy through the heart by pumping back up the bubbles that crushed the economy in 2007.

What happens next? More trillions in bailouts? Negative interest rates? lol

I swear, the way the fed in running this economy, makes me wonder if they know of a giant comet hurtling toward earth.

But then again, its a huge mistake to think the fed is working to help the middle class. We all know who they really are out to help. The class that has benefited most these last few years.
 

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A lot of people made a lot of money in investments in the last 24 months. The economy wasn't crashing again in 2013 and housing/ real estate only continued to increase. That .075% bank rate meant those with funds in cash went about 2.25% backwards.

I suppose I should have been more overt: your chicken little then clucks the same as the paltry poultry shreek now. Except he's got no money for a nicer chicken sedan. I expect activity to pick up again after the new year.
 
Holeshot said:
A lot of people made a lot of money in investments in the last 24 months. The economy wasn't crashing again in 2013 and housing/ real estate only continued to increase. That .075% bank rate meant those with funds in cash went about 2.25% backwards.

I suppose I should have been more overt: your chicken little then clucks the same as the paltry poultry shreek now. Except he's got no money for a nicer chicken sedan. I expect activity to pick up again after the new year.
Click to expand...



The thread you linked was about gold prices and I was 100% right as the gold chart shows. Gold price has fallen hard since 2013.


The majority of people in this country are in too much debt and broke. Letting the Chinese run up housing prices and rents is another nail in the present economy's coffin. Keep investing in this market and you will find out the hard way. Crashes come hard and fast. When the fed pulls out of stocks, or interest rates go up, the all ready weakened camels back will break. Its not chicken little, its common sense.

I'm warning everyone here, because not all see what is coming which is another depression era. It will be a temporary thing, just like the last one. But there will be some hard times when the layoffs start happening.

Many people are going to be super pissed, especially those with retirement funds tied to the stock market. The fed wont have trillions to bail out mrkets this time. Many people are going to be very angry at the government.

The government knows what is coming. They just created a new agency to go after people with guns that are pissed at the government, and disarm them. Calling them potential domestic terrorists. Coincidence, I think not.

http://www.foxnews.com/politics/201...ocus-on-domestic-terror-threat/?intcmp=hplnws

Right now there is a short squeeze happening, that may take markets to new highs. Markets always do this before a major crash. Sometimes it whipsaws several times. Its a guessing game as to when the crash will come. Personally speaking, I don't gamble with my money. I'm patient to wait for good investment opportunities.

As for sedans, I'm waiting on the delivery of my X P90D to replace my Mercedes. So this chicken is set.
 
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