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Originally Posted by ribka


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

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I predict massive foreclosures in the next year or so .

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Originally Posted by BobMt
Originally Posted by ribka


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.


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Originally Posted by BobMt
Originally Posted by ribka


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.

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Originally Posted by Oldelkhunter
Originally Posted by BobMt
Originally Posted by ribka


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.

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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.

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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 ?

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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.

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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 .

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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?

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Fertilizer prices are going to make food prices super soar.


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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 ?

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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

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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

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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

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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.

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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.

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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?

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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.


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