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Brandon's Realestate market #17233312 05/09/22 Joined: Mar 2010 Posts: 24,136 PNW R ribka OP Campfire Ranger OP ribka Campfire Ranger R Joined: Mar 2010 Posts: 24,136 PNW It's starting to happen. Love to pick up another duplex https://therealdeal.com/2022/04/22/foreclosures-surge-181-to-highest-levels-since-march-2020/

Re: Brandon's Realestate market ribka #17233333 05/09/22 Joined: Aug 2009 Posts: 3,026 B BobMt Campfire Tracker BobMt Campfire Tracker B Joined: Aug 2009 Posts: 3,026 Originally Posted by ribka It's starting to happen. Love to pick up another duplex https://therealdeal.com/2022/04/22/foreclosures-surge-181-to-highest-levels-since-march-2020/ fjb...gets full credit for the gas situation....but I dont think so on the housing ...its been coming for awhile....all the cheap money hasnt just been bidens doing.....bob

Re: Brandon's Realestate market ribka #17233385 05/09/22 Joined: Sep 2018 Posts: 838 Central PA. 57springer Campfire Regular 57springer Campfire Regular Joined: Sep 2018 Posts: 838 Central PA. I predict massive foreclosures in the next year or so .

Re: Brandon's Realestate market BobMt #17233399 05/09/22 Joined: Sep 2004 Posts: 29,383 O Oldelkhunter Campfire Ranger Oldelkhunter Campfire Ranger O Joined: Sep 2004 Posts: 29,383 Originally Posted by BobMt Originally Posted by ribka It's starting to happen. Love to pick up another duplex https://therealdeal.com/2022/04/22/foreclosures-surge-181-to-highest-levels-since-march-2020/ fjb...gets full credit for the gas situation....but I dont think so on the housing ...its been coming for awhile....all the cheap money hasnt just been bidens doing.....bob Oh It's all on him, the Fed should have acted many moons ago.

Re: Brandon's Realestate market BobMt #17233409 05/09/22 Joined: Feb 2010 Posts: 16,076 G gregintenn Campfire Ranger gregintenn Campfire Ranger G Joined: Feb 2010 Posts: 16,076 Originally Posted by BobMt Originally Posted by ribka It's starting to happen. Love to pick up another duplex https://therealdeal.com/2022/04/22/foreclosures-surge-181-to-highest-levels-since-march-2020/ fjb...gets full credit for the gas situation....but I dont think so on the housing ...its been coming for awhile....all the cheap money hasnt just been bidens doing.....bob I agree, but don’t really give a damn if he gets the blame.

Re: Brandon's Realestate market Oldelkhunter #17233411 05/09/22 Joined: Feb 2010 Posts: 16,076 G gregintenn Campfire Ranger gregintenn Campfire Ranger G Joined: Feb 2010 Posts: 16,076 Originally Posted by Oldelkhunter Originally Posted by BobMt Originally Posted by ribka It's starting to happen. Love to pick up another duplex https://therealdeal.com/2022/04/22/foreclosures-surge-181-to-highest-levels-since-march-2020/ fjb...gets full credit for the gas situation....but I dont think so on the housing ...its been coming for awhile....all the cheap money hasnt just been bidens doing.....bob Oh It's all on him, the Fed should have acted many moons ago. Well before he was elected. The Fed rate should have never been at zero.

Re: Brandon's Realestate market ribka #17233434 05/09/22 Joined: Mar 2010 Posts: 24,136 PNW R ribka OP Campfire Ranger OP ribka Campfire Ranger R Joined: Mar 2010 Posts: 24,136 PNW Don't forget the real estate situation in China and now Australia. That will infect our economy too. Why does China have such a strong lockdown now? I think they're preparing for a major collapse.

Re: Brandon's Realestate market ribka #17233441 05/09/22 Joined: Sep 2018 Posts: 838 Central PA. 57springer Campfire Regular 57springer Campfire Regular Joined: Sep 2018 Posts: 838 Central PA. Originally Posted by ribka Don't forget the real estate situation in China and now Australia. That will infect our economy too. Why does China have such a strong lockdown now? I think they're preparing for a major collapse. Hmmm ............... could be ?

Re: Brandon's Realestate market 57springer #17233446 05/09/22 Joined: Sep 2003 Posts: 23,406 C Calvin Campfire Ranger Calvin Campfire Ranger C Joined: Sep 2003 Posts: 23,406 Originally Posted by 57springer I predict massive foreclosures in the next year or so . Just curious, but why? People losing jobs? Everyone is pretty much locked into low payments.

Re: Brandon's Realestate market Calvin #17233456 05/09/22 Joined: Sep 2018 Posts: 838 Central PA. 57springer Campfire Regular 57springer Campfire Regular Joined: Sep 2018 Posts: 838 Central PA. Originally Posted by Calvin Originally Posted by 57springer I predict massive foreclosures in the next year or so . Just curious, but why? People losing jobs? Everyone is pretty much locked into low payments. Energy costs , Food prices , Adjustable rate mortgages , I think big time disaster .

Re: Brandon's Realestate market Calvin #17233457 05/09/22 Joined: Feb 2010 Posts: 16,076 G gregintenn Campfire Ranger gregintenn Campfire Ranger G Joined: Feb 2010 Posts: 16,076 Originally Posted by Calvin Originally Posted by 57springer I predict massive foreclosures in the next year or so . Just curious, but why? People losing jobs? Everyone is pretty much locked into low payments. How do you expect them to eat, drive to work, AND make their mortgage payment? The average American was paycheck to paycheck before all this chit started. Many folks are in a helluva bind right now. I figure it’ll get a lot worse before it improves. What do you think?

Re: Brandon's Realestate market ribka #17233459 05/09/22 Joined: Sep 2004 Posts: 29,383 O Oldelkhunter Campfire Ranger Oldelkhunter Campfire Ranger O Joined: Sep 2004 Posts: 29,383 Fertilizer prices are going to make food prices super soar.

Re: Brandon's Realestate market Oldelkhunter #17233470 05/09/22 Joined: Sep 2018 Posts: 838 Central PA. 57springer Campfire Regular 57springer Campfire Regular Joined: Sep 2018 Posts: 838 Central PA. Originally Posted by Oldelkhunter Fertilizer prices are going to make food prices super soar. I live in a farm area , not seeing the normal spring activity in the fields , will farmers just sit it out ?

Re: Brandon's Realestate market Calvin #17233471 05/09/22 Joined: Mar 2010 Posts: 24,136 PNW R ribka OP Campfire Ranger OP ribka Campfire Ranger R Joined: Mar 2010 Posts: 24,136 PNW Originally Posted by Calvin Originally Posted by 57springer I predict massive foreclosures in the next year or so . Just curious, but why? People losing jobs? Everyone is pretty much locked into low payments. Look at the massive debt most Americans have now. Food and basics easily go up another 20 per cent. And small businesses are starting to go bankrupt due to Covid shutdowns and massive labor shortages. Just my take

Re: Brandon's Realestate market gregintenn #17233472 05/09/22 Joined: Sep 2003 Posts: 23,406 C Calvin Campfire Ranger Calvin Campfire Ranger C Joined: Sep 2003 Posts: 23,406 Originally Posted by gregintenn Originally Posted by Calvin Originally Posted by 57springer I predict massive foreclosures in the next year or so . Just curious, but why? People losing jobs? Everyone is pretty much locked into low payments. How do you expect them to eat, drive to work, AND make their mortgage payment? The average American was paycheck to paycheck before all this chit started. Many folks are in a helluva bind right now. I figure it’ll get a lot worse before it improves. What do you think? Sorry, not seeing it right now. Lots of people have a lot of money and foreclosures will be eaten up instantly. Half of the US is waiting for a housing crash so they can buy investment property

Re: Brandon's Realestate market 57springer #17233475 05/09/22 Joined: Mar 2010 Posts: 24,136 PNW R ribka OP Campfire Ranger OP ribka Campfire Ranger R Joined: Mar 2010 Posts: 24,136 PNW Originally Posted by 57springer Originally Posted by Oldelkhunter Fertilizer prices are going to make food prices super soar. I live in a farm area , not seeing the normal spring activity in the fields , will farmers just sit it out ? The handful of farmers I know are cutting way back and there is a cold and wet spring preventing plantings. Perfect storm

Re: Brandon's Realestate market Calvin #17233478 05/09/22 Joined: Feb 2010 Posts: 16,076 G gregintenn Campfire Ranger gregintenn Campfire Ranger G Joined: Feb 2010 Posts: 16,076 Originally Posted by Calvin Originally Posted by gregintenn Originally Posted by Calvin Originally Posted by 57springer I predict massive foreclosures in the next year or so . Just curious, but why? People losing jobs? Everyone is pretty much locked into low payments. How do you expect them to eat, drive to work, AND make their mortgage payment? The average American was paycheck to paycheck before all this chit started. Many folks are in a helluva bind right now. I figure it’ll get a lot worse before it improves. What do you think? Sorry, not seeing it right now. Lots of people have a lot of money and foreclosures will be eaten up instantly. Half of the US is waiting for a housing crash so they can buy investment property Half of the US? You are delusional. I read an article a while back that claimed the vast majority of US adults could not come up with $1000 for an emergency. Last edited by gregintenn; 05/09/22.

Re: Brandon's Realestate market gregintenn #17233511 05/09/22 Joined: Sep 2003 Posts: 23,406 C Calvin Campfire Ranger Calvin Campfire Ranger C Joined: Sep 2003 Posts: 23,406 How many houses would have to go into foreclosure to eat up the housing shortage, overwhelm the investment banks, and overwhelm the individual investors. Same applies to the job market. I know you read an article. We all read articles.

Re: Brandon's Realestate market Calvin #17233525 05/09/22 Joined: Mar 2010 Posts: 24,136 PNW R ribka OP Campfire Ranger OP ribka Campfire Ranger R Joined: Mar 2010 Posts: 24,136 PNW Originally Posted by Calvin How many houses would have to go into foreclosure to eat up the housing shortage, overwhelm the investment banks, and overwhelm the individual investors. Same applies to the job market. I know you read an article. We all read articles. Why are mortgage companies, banks beginning to lay off people now? Are they projecting more business the next two years?

Re: Brandon's Realestate market Calvin #17233542 05/09/22 Joined: Jun 2003 Posts: 10,594 Wyoming Cheyenne Campfire Outfitter Cheyenne Campfire Outfitter Joined: Jun 2003 Posts: 10,594 Wyoming Originally Posted by Calvin How many houses would have to go into foreclosure to eat up the housing shortage, People who get foreclosed still need places to live. I don't see a net change in overall demand for housing. There may be a downgrading of expectations in terms of home size or amenities, or an increase in the need for multi-family housing. "Don't believe everything you see on the Internet" - Abraham Lincoln