|
Joined: May 2005
Posts: 9,611
Campfire Outfitter
|
Campfire Outfitter
Joined: May 2005
Posts: 9,611 |
If HEB doesn't get in some biscuits and ham. powdr
|
|
|
|
Joined: Jun 2018
Posts: 2,295 Likes: 1
Campfire Regular
|
Campfire Regular
Joined: Jun 2018
Posts: 2,295 Likes: 1 |
Whores, haircuts and hospitality never die, just multiply.
|
|
|
|
Joined: Nov 2015
Posts: 15,174 Likes: 18
Campfire Ranger
|
Campfire Ranger
Joined: Nov 2015
Posts: 15,174 Likes: 18 |
The real estate bubble pop will look like a atomic bomb compared to 2008 This isn’t 2008. If the housing market crashes beyond isolated urban pockets that sane people are fleeing, then the broader economy is fugked. There is no inventory of homes for sale or rentals in our area and city slickers are flooding in. Luxury items will be first. Then the automobile market, then anything that’s not necessary to live. Most peoples budgets are barely going to allow housing, food and fuel by Summer and Fall will be worse. If you’re not prepared or preparing you should be. For sure lots of people from high rent areas and COVID lockdowns moved out the rental industry is booming locally can’t build apartment buildings fast enough but the folks buying the $500k houses worth $200k is where it will pop
|
|
|
|
Joined: Jun 2018
Posts: 2,295 Likes: 1
Campfire Regular
|
Campfire Regular
Joined: Jun 2018
Posts: 2,295 Likes: 1 |
There will always always always be people with enough money or credit, stupid enough, to squander it on eating out. Always has been, always will be.
My restaurant group is EXPANDING right now. As many fold.
|
|
|
|
Joined: Feb 2010
Posts: 16,133 Likes: 2
Campfire Ranger
|
Campfire Ranger
Joined: Feb 2010
Posts: 16,133 Likes: 2 |
Government employees will weather the storm o.k.
|
|
|
|
Joined: Sep 2014
Posts: 21,914 Likes: 7
Campfire Ranger
|
Campfire Ranger
Joined: Sep 2014
Posts: 21,914 Likes: 7 |
Things are a bit different now, but judging historically?
If you have money, get ready to buy real estate in Florida and Arizona. Beech properties, "Mountain Cabins"...
Not sure how "escape plans" will figure in, but folks always buy these properties when they are NXXXXR Rich, and dump/lose them in a bad economy. Big Money to be made during the next boom.
Parents who say they have good kids..Usually don't!
|
|
|
|
Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
|
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
|
|
|
|
Joined: Feb 2019
Posts: 1,250 Likes: 2
Campfire Regular
|
Campfire Regular
Joined: Feb 2019
Posts: 1,250 Likes: 2 |
Things are a bit different now, but judging historically?
If you have money, get ready to buy real estate in Florida and Arizona. Beech properties, "Mountain Cabins"...
Not sure how "escape plans" will figure in, but folks always buy these properties when they are NXXXXR Rich, and dump/lose them in a bad economy. Big Money to be made during the next boom. we bought a Condo on the beach right at the start of Covid. it has more than doubled in Value.
|
|
|
|
Joined: Jun 2012
Posts: 4,612 Likes: 2
Campfire Tracker
|
Campfire Tracker
Joined: Jun 2012
Posts: 4,612 Likes: 2 |
I think restaurants are going to have a rough time. Food inflation is going to be astronomical by this time next year. A happy meal costing $25 is going to cool the appetite of working families. Interest rates are going to crush the housing market. As rates go up house prices go down. Nobody will be able to sell their home because they’re way upside down. On the plus side many families will see their relative housing costs drop. Inflation will eat into the costs of fixed rate existing mortgages.
‘TO LEARN WHO RULES OVER YOU, SIMPLY FIND OUT WHO YOU ARE NOT ALLOWED TO CRITICIZE’
Conspiracy theorists are the ones who see it all coming…
You are the carbon they want to eliminate !
I’m Uber Deplorable Ultra MAGA !
|
|
|
|
Joined: Dec 2017
Posts: 4,576
Campfire Tracker
|
Campfire Tracker
Joined: Dec 2017
Posts: 4,576 |
Seems to be a good time to have your home paid for. Any time is good for that though.
|
|
|
|
Joined: Apr 2011
Posts: 69,373 Likes: 21
Campfire Kahuna
|
Campfire Kahuna
Joined: Apr 2011
Posts: 69,373 Likes: 21 |
Yep. And the Economy. Everything Hiden Biden turns to schitt. 😡
"Allways speak the truth and you will never have to remember what you said before..." Sam Houston Texans, "We say Grace, We Say Mam, If You Don't Like it, We Don't Give a Damn!"
~Molɔ̀ːn Labé Skýla~
|
|
|
|
Joined: May 2004
Posts: 56,194 Likes: 18
Campfire Kahuna
|
Campfire Kahuna
Joined: May 2004
Posts: 56,194 Likes: 18 |
What dies?
.30-30, 7x57, .257 Bob, .250-3000, .45-70 and .22 GTC
It’s a start, YMMV.
I am..........disturbed.
Concerning the difference between man and the jackass: some observers hold that there isn't any. But this wrongs the jackass. -Twain
|
|
|
|
Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
|
Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
The real estate bubble pop will look like a atomic bomb compared to 2008 This isn’t 2008. If the housing market crashes beyond isolated urban pockets that sane people are fleeing, then the broader economy is fugked. There is no inventory of homes for sale or rentals in our area and city slickers are flooding in. Luxury items will be first. Then the automobile market, then anything that’s not necessary to live. Most peoples budgets are barely going to allow housing, food and fuel by Summer and Fall will be worse. If you’re not prepared or preparing you should be. For sure lots of people from high rent areas and COVID lockdowns moved out the rental industry is booming locally can’t build apartment buildings fast enough but the folks buying the $500k houses worth $200k is where it will pop The problem is, those $500k houses aren’t worth $200k anymore. Inflation isn’t transitory. If I had to guess, that $500k is going to look like a bargain by this time next year. Burger flippers making $15/hr can now afford $1000/mo rent instead of the $450 they could afford last year when they were making $8.50/hr. Welcome to the new normal. Low interest debt is the smartest play right now.
|
|
|
|
Joined: Jan 2020
Posts: 5,196 Likes: 5
Campfire Tracker
|
Campfire Tracker
Joined: Jan 2020
Posts: 5,196 Likes: 5 |
I can't imagine the truck and SUV market holding up at these fuel prices. And the housing and banking industry has to get beat down thanks to inflation. Property taxes have to be paid on the inflated home prices and same dollar that home loans were based on the last four years is worth half as much now. All this BS is past my pay grade, but I'm glad I don't owe anyone anything besides taxes.
Life is good live it while you can.
|
|
|
|
Joined: Dec 2013
Posts: 14,833 Likes: 9
Campfire Outfitter
|
Campfire Outfitter
Joined: Dec 2013
Posts: 14,833 Likes: 9 |
I refinanced in June of 20 on a 15 year at 2.1 for a house I bought in 18. I feel pretty good about that now.
|
|
|
|
Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
|
Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
Things are a bit different now, but judging historically?
If you have money, get ready to buy real estate in Florida and Arizona. Beech properties, "Mountain Cabins"...
Not sure how "escape plans" will figure in, but folks always buy these properties when they are NXXXXR Rich, and dump/lose them in a bad economy. Big Money to be made during the next boom. Second homes will take a big hit, good call Dillon. Lots of folks that couldn’t afford them bought them assuming that VRBO would pay the mortgage. Vacation spending will definitely take a hit.
|
|
|
|
Joined: Feb 2001
Posts: 6,013 Likes: 5
Campfire Tracker
|
Campfire Tracker
Joined: Feb 2001
Posts: 6,013 Likes: 5 |
I think restaurants will tank. Luxury item will be a tough sale. I see more stuff needing sold off, than being bought. People who have money will still have money, so some luxury items will still sell. It's the average person being able to buy and over priced vehicle and house and food and gas that's going to be an issue.
Don't just be a survivor, be a competitor.
|
|
|
|
Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
|
Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
I refinanced in June of 20 on a 15 year at 2.1 for a house I bought in 18. I feel pretty good about that now. You should. That’s literally better than having it paid off.
Last edited by jackmountain; 03/06/22.
|
|
|
|
Joined: Jan 2020
Posts: 5,196 Likes: 5
Campfire Tracker
|
Campfire Tracker
Joined: Jan 2020
Posts: 5,196 Likes: 5 |
There will always always always be people with enough money or credit, stupid enough, to squander it on eating out. Always has been, always will be.
My restaurant group is EXPANDING right now. As many fold. I sure hope your right, being shut down for 11 weeks hurt. But thanks to Governor DeSantis every quarter since we reopened has been better than ever.
Life is good live it while you can.
|
|
|
|
Joined: Aug 2003
Posts: 13,949
Campfire Outfitter
|
Campfire Outfitter
Joined: Aug 2003
Posts: 13,949 |
Might could be the final deathblow to big vehicles with fuel guzzling engines. Probably be more repoed than trade-in used vehicles on dealer lots for a good while. Trade-ins on new / newer vehicles will probably be pretty slow due to upside-down loans financed for too long. Same with real-estate / home sales, too. Fully expect personal bankruptcies will probably be climbing, too.
Restaurants and grocery stores are having problems getting normal and necessary stock in, which is especially tough on restaurants and could really hurt their bottom line enough if it continues very much longer to force some to close their doors.
|
|
|
|
574 members (12344mag, 10gaugemag, 160user, 06hunter59, 16gage, 19rabbit52, 62 invisible),
2,800
guests, and
1,259
robots. |
Key:
Admin,
Global Mod,
Mod
|
|
Forums81
Topics1,193,644
Posts18,512,428
Members74,010
|
Most Online11,491 Jul 7th, 2023
|
|
|
|