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******HOUSING CRASH UPDATE*****
| primrose temple party of the first part | 06/11/18 |
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| primrose temple party of the first part | 06/11/18 |
| Wonderful house | 06/27/18 |
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| Mind-boggling Crackhouse | 06/11/18 |
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| Sooty Razzle-dazzle Range Regret | 06/11/18 |
| primrose temple party of the first part | 06/11/18 |
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Poast new message in this thread
Date: June 11th, 2018 2:03 PM Author: primrose temple party of the first part Mortgage Bankers Association just reported that independent mortgage banks and mortgage subsidiaries of chartered banks reported a net *loss* of $118 per loan originated in the first quarter of 2018.
CFPB just fired its 25-member advisory panel.
Prices at historic highs. Incomes not keeping up. Global trade wars on horizon. Stock market bubble. Stay tuned . . . |
Date: June 11th, 2018 2:05 PM Author: Charismatic headpube (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224098) |
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Date: June 11th, 2018 2:38 PM Author: primrose temple party of the first part (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224310) |
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Date: June 27th, 2018 2:07 PM Author: Wonderful house (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36319874) |
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Date: June 11th, 2018 2:08 PM Author: Beady-eyed hominid useless brakes LALALALALA I CAN'T HEAR YOU
*cocks shotgun* |
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Date: June 11th, 2018 2:38 PM Author: primrose temple party of the first part lol (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224312) |
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Date: June 11th, 2018 4:01 PM Author: Mind-boggling Crackhouse (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224840) |
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Date: June 11th, 2018 2:40 PM Author: Copper sneaky criminal this happened in 2014 also. means very little by itself (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224319) |
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Date: June 11th, 2018 2:55 PM Author: Charismatic headpube (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224416) |
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Date: June 11th, 2018 3:24 PM Author: trip casino way way (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224613) |
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Date: June 11th, 2018 2:56 PM Author: Opaque heady crotch (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224426) |
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Date: June 11th, 2018 3:04 PM Author: Sooty Razzle-dazzle Range Regret There are so many regulations around mortgage lending it makes it expensive as fuck (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224485) |
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Date: June 11th, 2018 3:07 PM Author: primrose temple party of the first part An average of $9,000 to originate a loan through closing. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224507) |
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Date: June 11th, 2018 3:38 PM Author: Sooty Razzle-dazzle Range Regret Including salespeople or JUST regulatory costs? Source? (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224715) |
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Date: June 11th, 2018 6:31 PM Author: primrose temple party of the first part Including everything. Source: TheREsource.tv (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225896) |
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Date: June 11th, 2018 6:41 PM Author: Sooty Razzle-dazzle Range Regret That's not surprising. Salespeople and processors alone are making 2-4K per loan. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225937) |
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Date: June 11th, 2018 3:11 PM Author: pearl reading party son of senegal Need region specific data (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224530) |
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Date: June 11th, 2018 3:11 PM Author: Charismatic headpube (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224536) |
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Date: June 11th, 2018 3:17 PM Author: Arousing hyperactive trailer park feces "bucking national trends"
not worried about a bunch of swamp people in FL who are spending their mortgage checks on meth and cigs after Irma ravaged their homes |
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Date: June 11th, 2018 3:31 PM Author: Charismatic headpube (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224676) |
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Date: June 11th, 2018 3:40 PM Author: Sooty Razzle-dazzle Range Regret Yup. Poor people default which drives down prices due to foreclosures then the next tranche of shaky borrower can't sell bc his house dropped 15% in value and he’s underwater and it snowballs. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224729) |
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Date: June 11th, 2018 3:56 PM Author: Charismatic headpube (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224819) |
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Date: June 11th, 2018 6:04 PM Author: well-lubricated floppy bawdyhouse Thank you for your service (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225778) |
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Date: June 11th, 2018 6:22 PM Author: Low-t boistinker institution if you read the article, this is pretty region specific because the mortgage lenders offered anyone in a fema disaster zone (All florida counties) a 3 month grace period of some kind or another. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225862) |
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Date: June 11th, 2018 3:22 PM Author: light laughsome gaping Hope this happens. It would be a historic opportunity to pick up rental properties dirt cheap and follow the BOOMER strategy of "derp derp I bought a brownstone on the Upper West Side for $40,000 in 1974. Guess it was a good idea!" (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224593) |
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Date: June 11th, 2018 3:24 PM Author: primrose temple party of the first part (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224614) |
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Date: June 11th, 2018 3:26 PM Author: trip casino The fact that you are thinking this way means others are too. Which means there is no crash on the horizon. During an honest-to-God crash most people don't think this way. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224624) |
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Date: June 11th, 2018 3:29 PM Author: primrose temple party of the first part Most people aren't thinking this way. The general consensus is, "Demand is strong, inventory is low and we have a highly regulated mortgage loan market now, nothing could go wrong." That's like every article.
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Date: June 11th, 2018 3:30 PM Author: emerald yapping property a lot more people are waiting for the crash now than in 2006/2007. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224667) |
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Date: June 11th, 2018 3:32 PM Author: Charismatic headpube (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224687) |
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Date: June 11th, 2018 3:35 PM Author: cerebral crystalline roommate Incorrect. There are fewer people expecting a crash right now than there were in 06 and 07. I honestly thought you were right but I think we sometimes live in a a bit of a contrarian/skeptical bubble. By '06 and '07 expectations for rising prices were still high but lower than they are right now. Crazy chart in the middle of the article.
https://www.marketwatch.com/story/americans-havent-been-this-optimistic-about-buying-property-since-just-before-the-housing-crash-2018-05-07 |
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Date: June 11th, 2018 5:46 PM Author: primrose temple party of the first part (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225671) |
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Date: June 11th, 2018 6:51 PM Author: exciting chrome codepig school (CBS Marketwatch) (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226005) |
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Date: June 11th, 2018 9:20 PM Author: cerebral crystalline roommate They're quoting the gallup poll. It's a good poll to gauge how the average American sees the current real estate market. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36227071) |
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Date: June 12th, 2018 10:59 AM Author: Big-titted fragrant hunting ground coffee pot Interesting, ty. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229999) |
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Date: June 11th, 2018 3:59 PM Author: Aphrodisiac coldplay fan parlor An XO poaster with an established legal practice isn't exactly "most people." (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224832) |
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Date: June 11th, 2018 8:32 PM Author: Rambunctious mentally impaired rigpig indian lodge Most people were smart enough to avoid lol school, no doubt. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226685) |
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Date: June 12th, 2018 10:39 AM Author: Swashbuckling Soggy Gay Wizard Patrolman "Most people" aren't buying homes in expensive markets. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229884) |
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Date: June 12th, 2018 10:37 AM Author: Swashbuckling Soggy Gay Wizard Patrolman tcr (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229870) |
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Date: June 11th, 2018 3:37 PM Author: Vibrant Milk Queen Of The Night why is it every time Republicans are in power this happens (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224710) |
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Date: June 11th, 2018 3:53 PM Author: Sooty Razzle-dazzle Range Regret (very stupid person) (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36224807) |
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Date: June 12th, 2018 11:01 AM Author: vigorous apoplectic locale boltzmann ljl @ this reddit flame (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36230020) |
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Date: June 11th, 2018 6:03 PM Author: underhanded bisexual kitchen Can someone connect the dots for me? Is OP saying banks are losing money on mortgages, they will raise rates more and this will lead to a crash? Or is there some other connection I am missing? (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225773) |
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Date: June 11th, 2018 6:06 PM Author: emerald yapping property you are buying at the absolute peak. Just accept it. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225795) |
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Date: June 11th, 2018 6:11 PM Author: Adventurous Pit (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225827) |
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Date: June 11th, 2018 6:29 PM Author: primrose temple party of the first part (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225889) |
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Date: June 11th, 2018 6:47 PM Author: underhanded bisexual kitchen I'm fine with that as long as I sell at the absolute peak as well. My greatest fear is buying at the absolute peak and getting stuck with a second house because that's when the market crashed. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225982) |
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Date: June 11th, 2018 7:06 PM Author: citrine hilarious community account money is made or LOST at the time of purchase. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226095) |
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Date: June 12th, 2018 10:55 AM Author: Swashbuckling Soggy Gay Wizard Patrolman Not really, no. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229967) |
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Date: June 11th, 2018 6:59 PM Author: Charismatic headpube (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226052) |
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Date: June 11th, 2018 7:05 PM Author: poppy set (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226086) |
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Date: June 11th, 2018 7:06 PM Author: citrine hilarious community account (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226096) |
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Date: June 11th, 2018 7:38 PM Author: Sooty Razzle-dazzle Range Regret (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226299) |
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Date: June 11th, 2018 6:13 PM Author: red domesticated center cuck TICK TOCK HOUSEMO’S (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225837) |
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Date: June 11th, 2018 6:29 PM Author: primrose temple party of the first part lol (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36225890) |
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Date: June 11th, 2018 7:06 PM Author: pink church building (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226093) |
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Date: June 11th, 2018 9:31 PM Author: Pearly excitant volcanic crater (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36227201) |
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Date: June 12th, 2018 11:00 AM Author: Big-titted fragrant hunting ground coffee pot (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36230012) |
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Date: June 11th, 2018 6:53 PM Author: Filthy Blathering Preventive Strike Plaza Op plz keep us posted (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226018) |
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Date: June 11th, 2018 7:31 PM Author: Flushed Mood Housing crash worthless unless some serious job losses accompany it (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226255) |
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Date: June 11th, 2018 7:32 PM Author: Charismatic headpube (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226259) |
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Date: June 11th, 2018 7:32 PM Author: Flushed Mood Techmos making north of 400k these days. All major cities flooded with millennials with money (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226264) |
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Date: June 11th, 2018 7:43 PM Author: Copper sneaky criminal (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226324) |
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Date: June 12th, 2018 3:04 AM Author: Filthy Blathering Preventive Strike Plaza SFmo here, can confirm this is true (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36228886) |
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Date: June 11th, 2018 7:39 PM Author: Sooty Razzle-dazzle Range Regret um those are 100% correlated (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226304) |
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Date: June 11th, 2018 7:42 PM Author: Bateful cuckoldry address How do you address the historic lack of supply combined with historic levels of employment? The bubble will burst someday, but not before that gets worked out. LOL at citing the fucking CFPB advisory panel without addressing this. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226317) |
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Date: June 11th, 2018 7:43 PM Author: Copper sneaky criminal yeah it's very reddit level analysis (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226325) |
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Date: June 11th, 2018 7:46 PM Author: primrose temple party of the first part Oh shit. Lack of supply? Historic level of employment? You must be right, nothing is going to happen. I guess I better buy now before prices go even higher! Fucking retard. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226340) |
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Date: June 11th, 2018 7:58 PM Author: Bateful cuckoldry address Did I say nothing would happen you fucking dolt? Everyone knows housing prices work in cycles so only an idiot would contend they’ll just continue rising. The question is *when* they’ll move downward. But it’s hard to say it’ll happen in the near term when there’s an historic lack of supply and a huge number of people willing and able to pay for what little supply exists.
I’ll acknowledge there may be other factors but lol at any analysis that doesn’t address how those factors are so important they trump the obvious current dynamic driving home prices. |
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Date: June 11th, 2018 8:24 PM Author: Copper sneaky criminal U r talking to a guy that believes in spontaneous generation (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226614) |
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Date: June 11th, 2018 8:44 PM Author: Bateful cuckoldry address One of the dumbest lawyers on this bort. He’s a yes man for a TTT bank that didn’t want to hire a real GC who knew what he was doing and after a year or so he thinks he knows all the ins and outs of the housing industry. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226776) |
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Date: June 11th, 2018 8:00 PM Author: maroon menage persian any scholarly analysis will at a minimum address this and factor in the increasing concentration of high paying jobs in a few urban centers (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226451) |
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Date: June 12th, 2018 11:07 AM Author: Swashbuckling Soggy Gay Wizard Patrolman This is exactly right. Yes, if everyone loses their jobs then there will be a housing crash and under current conditions that just isn't happening. What is actually happening is that XOers are doing well and pissed that houses are expensive and hoping for a crash because "it is time." It doesn't work like that. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36230083) |
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Date: June 11th, 2018 8:06 PM Author: house-broken station CHINESE | ALL-CASH | BUYERS (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36226485) |
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Date: June 11th, 2018 9:14 PM Author: Razzmatazz cruise ship jap I have the worsr luck. Graduate ITE struggle and suck shit for years, try to move back home oh sorry the market is (((hot))) there is no (((inventory))) hehe (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36227030) |
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Date: June 11th, 2018 9:25 PM Author: exciting chrome codepig school You and millions of others (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36227135) |
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Date: June 12th, 2018 2:58 AM Author: Crusty bat shit crazy newt "The 'lost generation' of millennials born in the 1980s may never be as rich as their parents"
http://www.businessinsider.com/1980s-millennials-wealth-the-great-recession-2018-5 |
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Date: June 12th, 2018 10:56 AM Author: Swashbuckling Soggy Gay Wizard Patrolman Which is exactly why there won't be a crash anytime soon. Everyone our age that is remotely successful has either bought a house or is looking to buy a house. (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36229973) |
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Date: June 12th, 2018 11:39 AM Author: cerebral crystalline roommate Here's some data that I think cuts against a crash in the near future. Median household income for first time buyers is 72k and the median home purchased by them is $182,500. That's well within the rule of 4x that was continually surpassed right before the last crash (price of purchased home shouldn't be more than 4x income). For all buyers it's $88,500 and median home price was $227,700.
However, the same data shows that despite talk of all-cash buyers, the median downpayment is very low (only about 5%) and the vast majority of buyers purchase with a loan for 75% or more of the purchase price.
https://www.nytimes.com/2017/04/21/realestate/first-time-home-buyers-statistics.html
The Gallup poll I linked to in my posts above is also pretty interesting. The generally public has early-2006 views on the real estate market. The market resembles the vagaries of public opinion.
https://www.marketwatch.com/story/americans-havent-been-this-optimistic-about-buying-property-since-just-before-the-housing-crash-2018-05-07 |
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Date: June 12th, 2018 4:06 PM Author: Swashbuckling Soggy Gay Wizard Patrolman Isn't it 3x income? (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36232174) |
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Date: June 12th, 2018 4:09 PM Author: erotic cracking chapel my area didn't really crash all that much during ite (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36232203) |