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******HOUSING CRASH UPDATE*****
| chestnut church ceo | 06/11/18 |
| soul-stirring ruddy digit ratio | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| bateful national | 06/27/18 |
| Awkward sepia institution | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| demanding trust fund | 06/11/18 |
| Flushed hunting ground toaster | 06/11/18 |
| soul-stirring ruddy digit ratio | 06/11/18 |
| supple water buffalo | 06/11/18 |
| odious obsidian fortuitous meteor | 06/11/18 |
| Godawful son of senegal | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| Godawful son of senegal | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| Godawful son of senegal | 06/11/18 |
| exhilarant house giraffe | 06/11/18 |
| soul-stirring ruddy digit ratio | 06/11/18 |
| Sapphire lettuce brunch | 06/11/18 |
| soul-stirring ruddy digit ratio | 06/11/18 |
| Godawful son of senegal | 06/11/18 |
| soul-stirring ruddy digit ratio | 06/11/18 |
| Slate racy mad cow disease | 06/11/18 |
| Curious rehab selfie | 06/11/18 |
| Cracking station candlestick maker | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| supple water buffalo | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| Lake frozen stead | 06/11/18 |
| soul-stirring ruddy digit ratio | 06/11/18 |
| Embarrassed to the bone 180 site | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| Self-absorbed glittery depressive | 06/11/18 |
| Embarrassed to the bone 180 site | 06/11/18 |
| Stimulating location preventive strike | 06/12/18 |
| Mind-boggling foreskin | 06/11/18 |
| Azure boyish knife potus | 06/11/18 |
| Mischievous cerise business firm elastic band | 06/12/18 |
| Mischievous cerise business firm elastic band | 06/12/18 |
| Adventurous Fear-inspiring Codepig | 06/11/18 |
| Godawful son of senegal | 06/11/18 |
| misunderstood generalized bond tanning salon | 06/12/18 |
| Canary excitant round eye | 06/11/18 |
| Lake frozen stead | 06/11/18 |
| big walnut shrine | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| Canary excitant round eye | 06/11/18 |
| razzle-dazzle orange den | 06/11/18 |
| Mischievous cerise business firm elastic band | 06/12/18 |
| soul-stirring ruddy digit ratio | 06/11/18 |
| Aggressive point | 06/11/18 |
| razzle-dazzle orange den | 06/11/18 |
| Godawful son of senegal | 06/11/18 |
| Bisexual coral parlor half-breed | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| violent property boiling water | 06/11/18 |
| Histrionic slimy sanctuary | 06/11/18 |
| Stimulating location preventive strike | 06/12/18 |
| Heady unhinged hissy fit home | 06/11/18 |
| nofapping bearded space | 06/11/18 |
| soul-stirring ruddy digit ratio | 06/11/18 |
| nofapping bearded space | 06/11/18 |
| Flushed hunting ground toaster | 06/11/18 |
| Heady unhinged hissy fit home | 06/12/18 |
| Godawful son of senegal | 06/11/18 |
| Appetizing personal credit line | 06/11/18 |
| Flushed hunting ground toaster | 06/11/18 |
| chestnut church ceo | 06/11/18 |
| Appetizing personal credit line | 06/11/18 |
| Flushed hunting ground toaster | 06/11/18 |
| Appetizing personal credit line | 06/11/18 |
| Insanely Creepy Laughsome Legend Place Of Business | 06/11/18 |
| Mischievous cerise business firm elastic band | 06/12/18 |
| impressive razzle incel | 06/11/18 |
| Ultramarine irradiated spot | 06/11/18 |
| Self-absorbed glittery depressive | 06/11/18 |
| Copper halford | 06/12/18 |
| Mischievous cerise business firm elastic band | 06/12/18 |
| Embarrassed to the bone 180 site | 06/12/18 |
| Mischievous cerise business firm elastic band | 06/12/18 |
| Stirring pistol office | 06/12/18 |
Poast new message in this thread
Date: June 11th, 2018 2:03 PM Author: chestnut church ceo 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: soul-stirring ruddy digit ratio (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: chestnut church ceo (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: bateful national (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: Awkward sepia institution LALALALALA I CAN'T HEAR YOU
*cocks shotgun* |
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Date: June 11th, 2018 2:38 PM Author: chestnut church ceo 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: demanding trust fund (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: Flushed hunting ground toaster 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: soul-stirring ruddy digit ratio (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: supple water buffalo 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: odious obsidian fortuitous meteor (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: Godawful son of senegal 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: chestnut church ceo 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: Godawful son of senegal 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: chestnut church ceo 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: Godawful son of senegal 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: exhilarant house giraffe 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: soul-stirring ruddy digit ratio (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: Sapphire lettuce brunch "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: soul-stirring ruddy digit ratio (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: Godawful son of senegal 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: soul-stirring ruddy digit ratio (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: Slate racy mad cow disease 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: Curious rehab selfie 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: Cracking station candlestick maker 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: chestnut church ceo (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: supple water buffalo 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: chestnut church ceo 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: Lake frozen stead 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: soul-stirring ruddy digit ratio (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: Embarrassed to the bone 180 site 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: chestnut church ceo (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: Self-absorbed glittery depressive (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: Embarrassed to the bone 180 site 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: Stimulating location preventive strike 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: Mind-boggling foreskin 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: Azure boyish knife potus 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: Mischievous cerise business firm elastic band "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: Mischievous cerise business firm elastic band 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: Adventurous Fear-inspiring Codepig 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: Godawful son of senegal (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: misunderstood generalized bond tanning salon 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: Canary excitant round eye 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: Lake frozen stead 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: big walnut shrine (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: chestnut church ceo (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: Canary excitant round eye 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: razzle-dazzle orange den 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: Mischievous cerise business firm elastic band 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: soul-stirring ruddy digit ratio (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: Aggressive point (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: razzle-dazzle orange den (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: Godawful son of senegal (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: Bisexual coral parlor half-breed 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: chestnut church ceo 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: violent property boiling water (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: Histrionic slimy sanctuary (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: Stimulating location preventive strike (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: Heady unhinged hissy fit home 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: nofapping bearded space 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: soul-stirring ruddy digit ratio (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: nofapping bearded space 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: Flushed hunting ground toaster (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: Heady unhinged hissy fit home 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: Godawful son of senegal 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: Appetizing personal credit line 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: Flushed hunting ground toaster 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: chestnut church ceo 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: Appetizing personal credit line 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: Flushed hunting ground toaster 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: Appetizing personal credit line 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: Insanely Creepy Laughsome Legend Place Of Business 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: Mischievous cerise business firm elastic band 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: impressive razzle incel 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: Ultramarine irradiated spot 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: Self-absorbed glittery depressive 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: Copper halford "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: Mischievous cerise business firm elastic band 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: Embarrassed to the bone 180 site 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: Mischievous cerise business firm elastic band 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: Stirring pistol office my area didn't really crash all that much during ite (http://www.autoadmit.com/thread.php?thread_id=3999253&forum_id=2#36232203) |