One pin prick is all it would take

[Broken Wind]

It’s been three decades since I took a formal class on macroeconomics, but I haven’t forgotten everything I learned.

Nothing I look at makes sense. Real estate is bubbling again, stocks are through the roof, unemployment numbers are high, and we are printing money at the cyclic rate.

There’s a shit blizzard coming. Has to be.

YouTube (Short URL)

[MadInNc]

Ok....

[ZipZap]

If last night didn't do it, don't know what will... btw TPB's whole catalog is on Netfix now. I'm rewatching the old stuff. Shitstorm's aplenty

[Bill]

Originally Posted by Broken Wind

It’s been three decades since I took a formal class on macroeconomics, but I haven’t forgotten everything I learned.

Nothing I look at makes sense. Real estate is bubbling again, stocks are through the roof, unemployment numbers are high, and we are printing money at the cyclic rate.

There’s a shit blizzard coming. Has to be.

https://youtu.be/56G4c9FEvZQ

I agree. Why is housing in a bubble when tens of millions of mortgages are going to be foreclosed on, probably this year? How many more millions are about to be evicted? I understand people fleeing high tax, high regulation blue states, but even that doesn't fully explain the housing bubble right now.

Unsaid, but how many people are seeing their property taxes going through the roof that will eventually be forced to sell for that reason, even if they are paying their mortgage as agreed?

Something has got to give here, and that's before we talk about the exploding inflation that has already started. Anyone been to the gas pump lately? This is Joe Biden's America. He's putting people out of work, bringing in a new, illegal alien labor force to compete for jobs, causing the price of energy to skyrocket, and basically doing all he can to turn Americans from self sufficient is a great job market under Trump to people who cannot take care of themselves and need to be taken care of by the government plantation, AKA never ending stimulus and bail outs.

[Torqaholic]

Housing bubble eh? Hmmm, maybe that explains the hand written letter I got a few weeks ago from a realtor asking if I wanted to sell my house to a client of hers. WTF? Makes no sense. Paid this place off 25 years ago. I will die here. Check back in another 20 years

[73sbVert]

Well, here in AZ, inventory turns over so fast, REAs are begging for houses to sell.
Seems all the Cally-fornyuns are comng here to escape their oppressive taxes, while voting for the same bullshit here. 😡
And CO, OR, WA. You know, all the liberal havens, but want to come here instead. 😡

[Millenium Vette]

Originally Posted by Broken Wind

Is that Loco Vette?

[snide]

Originally Posted by Millenium Vette

Is that Loco Vette?

[ZipZap]

Originally Posted by Millenium Vette

Is that Loco Vette?

Please, no spoilers. Mr. Lahey just regained his friendship with the Cheeseburger Locker.

[Dan47]

B.A.C.B = Big Ass Credit Bubble. Only two ways out, Deflation or Inflation but we will experience both in different asset classes, going forward IMO. I'd love to see another housing crash. Been wanting to move to a Ranch but prices for new construction are friggin crazy high here, at the moment.

I used to think deflation was a sure thing but the Fed doesn't appear to want that so IMO, probably an Inflationary depression eventually? Time will tell but I expect UBI is coming soon and that should speed things up along with out of control government spending.

[Bill]

Originally Posted by Dan47

B.A.C.B = Big Ass Credit Bubble. Only two ways out, Deflation or Inflation but we will experience both in different asset classes, going forward IMO. I'd love to see another housing crash. Been wanting to move to a Ranch but prices for new construction are friggin crazy high here, at the moment.

I used to think deflation was a sure thing but the Fed doesn't appear to want that so IMO, probably an Inflationary depression eventually? Time will tell but I expect UBI is coming soon and that should speed things up along with out of control government spending.

Deflation benefits savers, and the thrifty who live below their means. Those are not core Democrat constituencies. Inflation punishes people those people. Guess what Biden is actively working towards?

[hint: look at the skyrocketing gasoline prices that will soon make the cost of everything that gets shipped cost more]

[Dan47]

Originally Posted by bill_daniels

Deflation benefits savers, and the thrifty who live below their means. Those are not core Democrat constituencies. Inflation punishes people those people. Guess what Biden is actively working towards?

[hint: look at the skyrocketing gasoline prices that will soon make the cost of everything that gets shipped cost more]

I think it also depends on how and in what you are saving? If deflation takes hold and you're sitting on dollars, you win. If it's inflation, you lose. One of the reasons I'm a fan of precious metals is that in the long run, they should do well in either situation.

I'm also in equities but mostly overseas or in multinational companies. It's sad but our economy has become so dependent on government jobs and traditional welfare, that we stand to lose the worst as the current system degrades and is replaced.

[snide]

Originally Posted by Dan47

B.A.C.B = Big Ass Credit Bubble. Only two ways out, Deflation or Inflation but we will experience both in different asset classes, going forward IMO. I'd love to see another housing crash. Been wanting to move to a Ranch but prices for new construction are friggin crazy high here, at the moment.

Dunno where you're located, but the cost of materials, lumber specifically, has gone up dramatically, due to supply and increased demand. And there is no end is sight.

[ratflinger]

Sister is looking for a house in Tuscon - good luck. They are having to put bids in on rentals to see if they are accepted.

[MadInNc]

Originally Posted by snide

Dunno where you're located, but the cost of materials, lumber specifically, has gone up dramatically, due to supply and increased demand. And there is no end is sight.

Same here... trying to get a screen porch built, then a tikki bar by pool.

For porch the guy figure he has most of wood.

Tikki bar - plastic or metal roofing can't be found

[Dan47]

Originally Posted by snide

Dunno where you're located, but the cost of materials, lumber specifically, has gone up dramatically, due to supply and increased demand. And there is no end is sight.

I'm in Nebraska and it's the same out here. One local builder just increased their prices $15,000.00 across the board and property taxes are nearly as big a nut as a mortgage payment per month.

Government has become a cancer on the private sector. It's insane.

[Rodnok1]

Originally Posted by Dan47

I'm in Nebraska and it's the same out here. One local builder just increased their prices $15,000.00 across the board and property taxes are nearly as big a nut as a mortgage payment per month.

Government has become a cancer on the private sector. It's insane.

Friend lives in a small town in Ohio and it's a crappy little house, pays a fortune in taxes. Gonna start looking outside of any city soon as the taxes for someone on disability is insane. If disability wouldn't be affected by him selling house and just renting he'd do that as house is paid off and the sudden income would fuk everything up.

[Broken Wind]

The home across the road from me just sold for $1.3M. It’s a nice place, but c’mon man.

[VITE1]

Given that the Pricks in the Congress and White house have never seen a dollar they could not piss away on helping them get re elected the house of cards we have allowed them to build up over the past 70 years is going to come down hard. Look at the lessons of the Great Depression to be prepared.

[Rodnok1]

Originally Posted by VITE1

Given that the Pricks in the Congress and White house have never seen a dollar they could not piss away on helping them get re elected the house of cards we have allowed them to build up over the past 70 years is going to come down hard. Look at the lessons of the Great Depression to be prepared.

If something like the GD was to occur now millions may die off as they are so reliant upon others. Back when most had little to begin with so wasn't that far to fall. Now that's a big cliff.
Wouldn't have to be housing crash just unemployment going way up because of the economy. I know way too many people who albeit have money they're living on an edge regardless.