Home Forums Hunting & Shooting Hunter's Campfire Stock Market - Who wants to predict the bottom?

Five acre "lots" up in the woods here (Sandpoint) are at $200k+. Crazy as well is there are at least four new restaurants compared to last summer. A lot of money arrived here over the past few years. Stuff nearby is still selling in days, cash at asking price, at least. One just down the road sold in three days a couple of weeks ago with a cash $1.2M sale.

Do the local kids "born and raised there" have that kind of money?

Or is it the 1/10 of the 1% buying up everything?

i.e. California North?

Chineee.

LOL

Like you know anything about what happens in the west.

You get taken in the ass?

No, though dependent upon the age of the "kid". Yes to the second and yes to the third. Of the latter I have yet to meet a transplant (typically retirees) that was not conservative and left California for that reason. Last summer a family bought those five acres I mention above to get out of California. He is a recently retired corrections officer from Folsom Prison. I kid you not, the first thing he did with his property was install an American flag. Nicest family and a guy I would not want to see angry.

Toot Toot!

BTW...

Speaking of trains... what happened to KSMITH?

Hard copy...

So the average 21 year old in Idaho has $655k to spend on a starter home. Very cool.

It's funny you put it that way. I think about that all the time. Tough being one of the young folks these days. The rats in DC are stealing their futures.

Lots of bullschit here

7+ mortgage rates. And I got beat out on a 23k above asking offer today.

And that's how things will collapse

I do not recall writing that.

The average 21 year old here makes at least $15 an hour but only wants to work 12 hours a week. Crappy rocky ground in Rigby where I live is $100k for a 1 acre lot but only $250k for a 5 acre. Five years ago it was 22k for 1 acre and 50k for 5 but starter jobs were also $8 an hour.

I hear 21 year olds complaining that they'll never be able to afford a home but they'll still vote for Biden. My 22 year old nephew was complaining because he only makes $25 an hour as a pharmacy tech at costco so he can't afford a home. I told him I couldn't afford a home until I was 32 and that was an RN BSN in 2000 I was only making $16.23 an hour and lived in a townhouse with roommates because I couldn't afford my own place. I also worked 2 jobs one full time and one half time and always worked at least 60 hours a week.

I told him you work 60 hours + a week for a few years and see if your finances improved. I then told him how I paid my way through my bachelor's degree making $4.85 an hour driving a semi with double belly dumps hauling sugar beets to the sugar factory in Paul Idaho. I told him how I usually worked 72 hours a week because I didn't want to miss that 7th day because it was time and a half at over $7 an hour.

After that conversation I realized I'm sick of the new generation whining about how they can't afford a home even working 12 hours a week. I couldn't afford one either until I had a masters degree from a first tier MBA program and was working 60+ hours a week.

Bb

Normalcy bias is definitely a thing.

Gets many (most?) in trouble at inflection points.

It is moreover the disparity of the "Haves" and the "Have Nots"... caused by the rats in DC and insider Racketeering.

The "Haves" have 69%+ of the wealth and growing... It will be 90% in short order (couple more years)... see chart previous page.

The "Haves Nots" have 2.4% of the wealth and shrinking... and will represent 66% of the population in short order (couple more years)... see chart previous page.

This is the Socialism that will take over by vote and force in short order (couple more years).

The Trolls on this site argue for their OWN SHACKLES...

I am only a pundit.

----------------------------

Bottomline...

LIFT UP YOUR FELLOW AMERICAN... or watch the entire ship sink.

Right now there is record $ flowing into 5% CDs. Lots of money being parked there. When/if rates drop, that money will be put back into the market which will probably be the boost to get it over 40k.

If it wasn’t for the Fed on a number of Occasions opening up their unique funding mechanism the market would have been considerably Lower..

The Last was saving All those Rich Puss in those 3 Banks in Kommifornia ..

All the Money the Fed Drained during it Unprecedented Hiking Cycle they put back in the system to save the Banking System..

And the Rich Commie Jewelry Store Proprietors .

Oh

The Treasury is Auctioning 1 Trillion in Notes this Quarter ..

Hello Hello is anybody Out There ..

Hahahaha Hahahaha

.....price of a soul these days?