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YOU HEARD IT HERE 1ST: HOUSING CRASH INCOMING

SAVE UP YOUR MONEY, BOYS. CAUSE WE ARE GOING TO SEE SOME HOU...
fuchsia philosopher-king
  05/17/18
Substantiate.
Razzmatazz ruddy chad
  05/17/18
i want to believe you and i think so too...but showing some ...
Crystalline Tattoo
  05/17/18
Why?
mind-boggling brass friendly grandma
  05/17/18
...
fuchsia philosopher-king
  05/17/18
he's right but mostly in coastal cities. overbuilding + m...
Magenta well-lubricated mediation electric furnace
  05/17/18
there is no threat of overbuilding, at least in DC. to the ...
180 sable dragon dog poop
  05/17/18
Where is there overbuilding, though?
gaped temple feces
  05/17/18
I keep on hearing that builders are restraining themselves b...
Razzmatazz ruddy chad
  05/17/18
I'm sure individual builders are worried about that, but I'm...
gaped temple feces
  05/17/18
don't think this is the case in the bay area
At-the-ready range
  05/17/18
What do the purchase-rent ratios look like these days? Are p...
diverse karate psychic
  05/17/18
$4 gas and interest rates being the reason?
Seedy roommate
  05/17/18
Yeah $4 gas crushed the housing market you fuckin idiot
drab effete fanboi kitty cat
  05/17/18
...
fuchsia philosopher-king
  05/17/18
This sounds like a bunch of froth: joe schmoe house flippers...
jet-lagged burgundy really tough guy
  05/17/18
flame
carmine theater legend
  05/17/18
...
White talented international law enforcement agency chapel
  05/17/18
(it is 2016)
Lilac Voyeur Address
  05/17/18
There was a guy who used to buy radio airtime to promote his...
Cracking Soggy Digit Ratio
  05/17/18
180
fuchsia philosopher-king
  05/17/18
Should keep rallying for a bit as buyers scramble to buy to ...
Turquoise beady-eyed box office
  05/17/18
cr
fuchsia philosopher-king
  05/17/18
lol @ listening to anything tedcruz says
sooty cerebral mother
  05/17/18
cr i want this crash to happen but was v disappointing with ...
chocolate insecure organic girlfriend
  05/17/18
...
sooty cerebral mother
  05/18/18
Local govs are going to raise property taxes to soak the ric...
Twisted Flirting Masturbator Whorehouse
  05/17/18
Prop 13 protects boomers
fuchsia philosopher-king
  05/17/18
lol yeah what are all those all-cash chinese buyers who boug...
anal nubile crackhouse mood
  05/17/18
I'll say this, there have been price reductions on listings ...
ivory sanctuary coffee pot
  05/17/18
do you live in california?
fuchsia philosopher-king
  05/17/18
Where? I'm actually maybe, kinda, potentially on the cusp o...
gaped temple feces
  05/17/18
...
fuchsia philosopher-king
  05/17/18
Norcal - between SF and PA. The sellers in my highly desirab...
ivory sanctuary coffee pot
  06/07/18
I've noticed the same in my market starting around January b...
motley newt
  05/17/18
inventory at an all time low in my area, prices continue to ...
adventurous trust fund
  05/17/18
Prices are at record highs and incomes are not keeping pace ...
Tan irradiated love of her life
  05/17/18
plenty of these people bought on 7 year IO loans & won't...
curious sneaky criminal idiot
  05/17/18
...
fuchsia philosopher-king
  05/17/18
There are no fortuitous crashes coming. 2k8 was a media driv...
iridescent deranged heaven
  05/17/18
odd case that it happened in an election year
anal nubile crackhouse mood
  05/17/18
...
crusty glassy foreskin theatre
  05/17/18
Mexican intellectual
sepia razzle native
  05/17/18
Not in the good areas. If prices dropped 5% in any major...
Awkward school cafeteria idea he suggested
  05/17/18
Because so many buyers are on the sidelines? Because so m...
electric tanning salon blood rage
  05/17/18
(guy who will bump this thread three years later and declare...
floppy canary turdskin indian lodge
  05/17/18
3 years goes by quick, faggot
fuchsia philosopher-king
  05/17/18
Yeah except prices will go up 20%+ in the meantime and the “...
lake chest-beating round eye
  05/17/18
lol no way. we are going back to 2001 prices. No one will be...
fuchsia philosopher-king
  05/17/18
I just need it to not crash next 3 to 4 months and im cool.
floppy canary turdskin indian lodge
  05/17/18
I feel like ted cruz is the blind squirrel happening upon a ...
boyish church building headpube
  05/21/18
Pretty sure OP has posted this several times over last year....
french charismatic ticket booth
  05/17/18
First? This month: https://gordcollins.com/real-estate/us-h...
Awkward school cafeteria idea he suggested
  05/17/18
...
fuchsia philosopher-king
  05/18/18
100% concur with the retarded spic OP literally hundreds ...
Milky crawly church
  05/17/18
...
fuchsia philosopher-king
  05/17/18
Peak season is right around when grade schools end. So like...
Sadistic honey-headed doctorate
  05/21/18
...
fuchsia philosopher-king
  05/17/18
ted cruz tp will always be a retard but he's right about thi...
zombie-like primrose mad-dog skullcap twinkling uncleanness
  05/18/18
ty
fuchsia philosopher-king
  05/18/18
Learn to swim, I’ll see you down in Arizona bay
Marvelous peach dopamine
  05/18/18
Maynard just wants his vines to be closer to that sweet ocea...
diverse karate psychic
  05/18/18
...
Sadistic honey-headed doctorate
  05/21/18
Check out this graph of the San Diego Home Valuation Index t...
Tan irradiated love of her life
  05/21/18
buying opportunity
ebony hideous parlor lettuce
  05/21/18
How would this affect crypto generally and zilliqa specifica...
chocolate insecure organic girlfriend
  05/21/18
It is starting. The company I work for originates mortgage l...
Tan irradiated love of her life
  06/07/18
...
narrow-minded pungent cuckoldry locus
  06/07/18
...
amethyst market wagecucks
  06/07/18
...
narrow-minded pungent cuckoldry locus
  06/07/18
...
fuchsia philosopher-king
  06/07/18
Location?
floppy canary turdskin indian lodge
  06/07/18
Early payment defaults in the first month have nothing to do...
obsidian coldplay fan lay
  06/07/18
There was a good article in bloomberg last week about the sh...
Scarlet shrine
  06/07/18
The entire mortgage industry right now is a house of cards. ...
Tan irradiated love of her life
  06/07/18
I don't disagree, especially with regards to incomes not cli...
Scarlet shrine
  06/07/18
I don't think that there is going to be an '08 style meltdow...
Tan irradiated love of her life
  06/07/18
180 fuckin ONE EIGHTY
fuchsia philosopher-king
  06/07/18
this coming crash won't be as singular on real estate as '08...
Milky crawly church
  06/07/18
"something will happen that will cause the market to cr...
sepia razzle native
  06/07/18
It is more insightful than saying we have low inventory and ...
Tan irradiated love of her life
  06/07/18
Link to me saying that ever? If you're so certain of an i...
sepia razzle native
  06/07/18
I'm just broke and know that I can't afford *anything* in th...
Tan irradiated love of her life
  06/07/18
mfcr
fuchsia philosopher-king
  06/07/18
This is especially the case with lenders that do government ...
obsidian coldplay fan lay
  06/07/18
I am personally pre-approved for a $375,000 mortgage through...
Tan irradiated love of her life
  06/07/18
edity
comical purple candlestick maker rigor
  06/07/18
"I know because I watched the Bit Short." - chilma...
sepia razzle native
  06/07/18
180
fuchsia philosopher-king
  06/07/18
Still waiting
Sadistic honey-headed doctorate
  06/07/18
Inventory at 20-year lows in Minneapolis area. Entry level h...
Heady Space
  06/07/18
YEP SOUNDS LIKE A CRASH IS COMING!
lavender dingle berry
  06/07/18
Yep! Market crashing any moment now! I know because I watche...
sepia razzle native
  06/07/18
Sounds like they're underpricing.
diverse karate psychic
  06/07/18
TBF this is pre-bubble behavior patterns
dull base half-breed
  06/07/18
(Michael Burry, Jr.)
Vibrant olive knife new version
  06/07/18
Not seeing it
carmine theater legend
  06/07/18
Keep your head buried.
Tan irradiated love of her life
  06/07/18
https://twitter.com/wolfofwolfst/status/1003716294401712128?...
Exciting stage
  06/07/18
(zerohedge)
sepia razzle native
  06/07/18
...
drab effete fanboi kitty cat
  06/07/18
toronto's market exploded in recent times in part due to all...
violent cruise ship goal in life
  06/07/18
"I'm early but I'm not wrong." "I want my mo...
Vibrant olive knife new version
  06/07/18
Only in certain cities like Denver, Phoenix, Vegas, etc. Old...
offensive factory reset button
  06/07/18
LA got hammered last time.
diverse karate psychic
  06/07/18
Cr Orange County also got hammered and OC has a more stab...
fuchsia philosopher-king
  06/07/18
can't wait, will buy up more homes
Sapphire stock car garrison
  06/07/18
...
narrow-minded pungent cuckoldry locus
  06/11/18
...
fuchsia philosopher-king
  06/11/18
...
Sadistic honey-headed doctorate
  11/23/19


Poast new message in this thread



Reply Favorite

Date: May 17th, 2018 11:58 AM
Author: fuchsia philosopher-king

SAVE UP YOUR MONEY, BOYS. CAUSE WE ARE GOING TO SEE SOME HOUSES DROP IN PRICE.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069186)



Reply Favorite

Date: May 17th, 2018 11:58 AM
Author: Razzmatazz ruddy chad

Substantiate.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069189)



Reply Favorite

Date: May 17th, 2018 11:59 AM
Author: Crystalline Tattoo

i want to believe you and i think so too...but showing some work would be great.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069193)



Reply Favorite

Date: May 17th, 2018 12:00 PM
Author: mind-boggling brass friendly grandma

Why?

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069199)



Reply Favorite

Date: May 17th, 2018 12:17 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069313)



Reply Favorite

Date: May 17th, 2018 12:19 PM
Author: Magenta well-lubricated mediation electric furnace

he's right but mostly in coastal cities.

overbuilding + mortgage rates spiking = housing prices down.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069322)



Reply Favorite

Date: May 17th, 2018 1:46 PM
Author: 180 sable dragon dog poop

there is no threat of overbuilding, at least in DC. to the contrary - there is no inventory. maybe there's too many shitbox condos, but that isn't coupled to single family around here very often

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069932)



Reply Favorite

Date: May 17th, 2018 2:03 PM
Author: gaped temple feces

Where is there overbuilding, though?

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070069)



Reply Favorite

Date: May 17th, 2018 2:24 PM
Author: Razzmatazz ruddy chad

I keep on hearing that builders are restraining themselves because they're afraid they'll overbuild and get anally fucked if the recession hits and they're left again with entire unoccupied communities.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070225)



Reply Favorite

Date: May 17th, 2018 4:09 PM
Author: gaped temple feces

I'm sure individual builders are worried about that, but I'm not sure which regions are actually in danger of a housing surplus.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071007)



Reply Favorite

Date: May 17th, 2018 2:27 PM
Author: At-the-ready range

don't think this is the case in the bay area

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070249)



Reply Favorite

Date: May 17th, 2018 12:23 PM
Author: diverse karate psychic

What do the purchase-rent ratios look like these days? Are purchase prices running away from equivalent-rental prices?

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069364)



Reply Favorite

Date: May 17th, 2018 12:24 PM
Author: Seedy roommate

$4 gas and interest rates being the reason?

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069371)



Reply Favorite

Date: May 17th, 2018 3:59 PM
Author: drab effete fanboi kitty cat

Yeah $4 gas crushed the housing market you fuckin idiot

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070920)



Reply Favorite

Date: May 17th, 2018 4:13 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071046)



Reply Favorite

Date: May 17th, 2018 1:45 PM
Author: jet-lagged burgundy really tough guy

This sounds like a bunch of froth: joe schmoe house flippers about to get pwn3d once demand starts to drop and they get left holding the bag on these loans that are a "lucrative and growing niche of finance."

https://www.wsj.com/articles/wall-street-is-getting-in-on-the-house-flipping-game-1526227200

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069922)



Reply Favorite

Date: May 17th, 2018 1:46 PM
Author: carmine theater legend

flame

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069929)



Reply Favorite

Date: May 17th, 2018 1:47 PM
Author: White talented international law enforcement agency chapel



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069936)



Reply Favorite

Date: May 17th, 2018 1:47 PM
Author: Lilac Voyeur Address

(it is 2016)

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069937)



Reply Favorite

Date: May 17th, 2018 1:49 PM
Author: Cracking Soggy Digit Ratio

There was a guy who used to buy radio airtime to promote his newsletter (The Financial Underground or something like that) and in 2006 or so he kept telling everyone to sell their houses and move into apartments wait for the storm and then pick up new houses on the cheap. We all thought he was crazy...

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36069959)



Reply Favorite

Date: May 17th, 2018 1:57 PM
Author: fuchsia philosopher-king

180

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070029)



Reply Favorite

Date: May 17th, 2018 2:02 PM
Author: Turquoise beady-eyed box office

Should keep rallying for a bit as buyers scramble to buy to lock in rates before they go up even more. Then the crash. But people need to stop buying before we see a crash

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070066)



Reply Favorite

Date: May 17th, 2018 3:54 PM
Author: fuchsia philosopher-king

cr

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070892)



Reply Favorite

Date: May 17th, 2018 2:04 PM
Author: sooty cerebral mother

lol @ listening to anything tedcruz says

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070074)



Reply Favorite

Date: May 17th, 2018 4:15 PM
Author: chocolate insecure organic girlfriend

cr i want this crash to happen but was v disappointing with identity of op

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071063)



Reply Favorite

Date: May 18th, 2018 12:23 PM
Author: sooty cerebral mother



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36077277)



Reply Favorite

Date: May 17th, 2018 2:04 PM
Author: Twisted Flirting Masturbator Whorehouse

Local govs are going to raise property taxes to soak the rich for dem programs and pensions. Real estate is heading down hill for the next decades

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070078)



Reply Favorite

Date: May 17th, 2018 4:11 PM
Author: fuchsia philosopher-king

Prop 13 protects boomers

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071024)



Reply Favorite

Date: May 17th, 2018 2:23 PM
Author: anal nubile crackhouse mood

lol yeah what are all those all-cash chinese buyers who bought up entire neighborhoods going to do

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070207)



Reply Favorite

Date: May 17th, 2018 2:29 PM
Author: ivory sanctuary coffee pot

I'll say this, there have been price reductions on listings in my neighborhood. That hasn't happened in years. Nothing major, and maybe some of the asking prices were stretching it, but the market definitely has less of an edge to it IMO.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070267)



Reply Favorite

Date: May 17th, 2018 3:57 PM
Author: fuchsia philosopher-king

do you live in california?

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070913)



Reply Favorite

Date: May 17th, 2018 4:10 PM
Author: gaped temple feces

Where? I'm actually maybe, kinda, potentially on the cusp of buying a property, and don't want to fuck up.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071016)



Reply Favorite

Date: May 17th, 2018 4:21 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071121)



Reply Favorite

Date: June 7th, 2018 3:27 PM
Author: ivory sanctuary coffee pot

Norcal - between SF and PA. The sellers in my highly desirable neighborhood really stretched their asking prices to the limit, IMO. Seeing some slight reductions, like ~$100-200k and certain homes not selling.

I don't think there will be a crash or a drop, but I don't think the prices will continue to rise at the 5-10% clip they've been; at least in our neighborhood which is established and where people strive to live.

That said, our rental property is a 3/2 in south san jose that is, per zillow and redfin, now worth more than $1mm. That shit I could easily see coming down, homes around that one back in ~2008-10 dropped to the low $400's. I have a hard time believing it's doubled in value in 8-10 years.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201794)



Reply Favorite

Date: May 17th, 2018 4:44 PM
Author: motley newt

I've noticed the same in my market starting around January but most places still selling for essentially asking price -$10k which is a tiny % reduction. Houses not sitting on market too long either

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071270)



Reply Favorite

Date: May 17th, 2018 2:31 PM
Author: adventurous trust fund

inventory at an all time low in my area, prices continue to creep up. Hope you're right though

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070283)



Reply Favorite

Date: May 17th, 2018 2:57 PM
Author: Tan irradiated love of her life

Prices are at record highs and incomes are not keeping pace with the rising housing prices.

There is low inventory with high demand.

People are buying at the outer credit limits, making offers above asking price, leaving themselves with zero disposable income.

Something will happen that will cause all of these people who can *barely* afford their mortgages to default. What will it be?

It will be something that no one is predicting now, but that will lead to sudden unemployment.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070478)



Reply Favorite

Date: May 17th, 2018 2:59 PM
Author: curious sneaky criminal idiot

plenty of these people bought on 7 year IO loans & won't be able to afford the new payment when the term is up if rates keep going up

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070483)



Reply Favorite

Date: May 17th, 2018 3:12 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070566)



Reply Favorite

Date: May 17th, 2018 3:05 PM
Author: iridescent deranged heaven

There are no fortuitous crashes coming. 2k8 was a media driven forced fire sale to gouge assets out of the middle class and cut jobs/restructure hiring. The country is being crammed full of foreigners and foreigners are parking cash in us housing. The dollar is being devalued to twist the knife in workers kneecaps and prop up the capitalist class. It’s all up up up from here until the money is expatted to somewhere livable and the us is left a desolate goblin filled hellhole, albeit one with a litany of fast casual options. No one is even pretending the future of America matters post- boomers.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070522)



Reply Favorite

Date: May 17th, 2018 3:21 PM
Author: anal nubile crackhouse mood

odd case that it happened in an election year

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070631)



Reply Favorite

Date: May 17th, 2018 4:14 PM
Author: crusty glassy foreskin theatre



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071057)



Reply Favorite

Date: May 17th, 2018 3:18 PM
Author: sepia razzle native

Mexican intellectual

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070613)



Reply Favorite

Date: May 17th, 2018 3:56 PM
Author: Awkward school cafeteria idea he suggested

Not in the good areas.

If prices dropped 5% in any major metro areas, properties would be scooped up quick and the "crash" would be over.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070903)



Reply Favorite

Date: May 17th, 2018 4:27 PM
Author: electric tanning salon blood rage

Because so many buyers are on the sidelines?

Because so many people will feel confident about their paychecks with the housing market slumping?

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071171)



Reply Favorite

Date: May 17th, 2018 3:59 PM
Author: floppy canary turdskin indian lodge

(guy who will bump this thread three years later and declare himself winner)

You heard it here first folks, we saw it coming YEARS ago.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36070917)



Reply Favorite

Date: May 17th, 2018 4:10 PM
Author: fuchsia philosopher-king

3 years goes by quick, faggot

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071014)



Reply Favorite

Date: May 17th, 2018 4:13 PM
Author: lake chest-beating round eye

Yeah except prices will go up 20%+ in the meantime and the “crash” will be back to 2018 prices.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071049)



Reply Favorite

Date: May 17th, 2018 4:21 PM
Author: fuchsia philosopher-king

lol no way. we are going back to 2001 prices. No one will be able to afford homes if prices keep going up like this.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071117)



Reply Favorite

Date: May 17th, 2018 4:23 PM
Author: floppy canary turdskin indian lodge

I just need it to not crash next 3 to 4 months and im cool.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071137)



Reply Favorite

Date: May 21st, 2018 2:18 PM
Author: boyish church building headpube

I feel like ted cruz is the blind squirrel happening upon a nut.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36097588)



Reply Favorite

Date: May 17th, 2018 4:19 PM
Author: french charismatic ticket booth

Pretty sure OP has posted this several times over last year. One day he will be "right"

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071102)



Reply Favorite

Date: May 17th, 2018 4:24 PM
Author: Awkward school cafeteria idea he suggested

First?

This month: https://gordcollins.com/real-estate/us-housing-market-crash/

2017: https://nypost.com/2017/09/02/are-we-headed-for-another-housing-collapse/

2016: https://money.usnews.com/money/personal-finance/articles/2016-05-12/are-we-heading-for-another-housing-crisis

2015: http://money.cnn.com/2015/05/04/real_estate/real-estate-housing-bubble/index.html



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071142)



Reply Favorite

Date: May 18th, 2018 12:39 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36077362)



Reply Favorite

Date: May 17th, 2018 4:25 PM
Author: Milky crawly church

100% concur with the retarded spic OP

literally hundreds of houses put on redfin and zillow in my area in just the last week not flame

Landlord i found out is putting my property on the market also through a backdoor channel I have locally and he lied to all the tenants faces.

This one is gonna be big, saddle up seabiscuits

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071154)



Reply Favorite

Date: May 17th, 2018 4:26 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071162)



Reply Favorite

Date: May 21st, 2018 2:13 PM
Author: Sadistic honey-headed doctorate

Peak season is right around when grade schools end. So like, now

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36097552)



Reply Favorite

Date: May 17th, 2018 4:43 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36071262)



Reply Favorite

Date: May 18th, 2018 11:43 AM
Author: zombie-like primrose mad-dog skullcap twinkling uncleanness

ted cruz tp will always be a retard but he's right about this. the median home price in seattle just crossed $750K and there's so much residential construction there that there is a shortage of cranes for the rest of the country. it's not sustainable but people can't wrap their heads around how suddenly shit will topple again, so they cling to the idea that things will gradually slow down. in reality it never happens that way.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36076983)



Reply Favorite

Date: May 18th, 2018 12:23 PM
Author: fuchsia philosopher-king

ty

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36077274)



Reply Favorite

Date: May 18th, 2018 1:12 PM
Author: Marvelous peach dopamine

Learn to swim, I’ll see you down in Arizona bay

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36077599)



Reply Favorite

Date: May 18th, 2018 5:06 PM
Author: diverse karate psychic

Maynard just wants his vines to be closer to that sweet ocean air.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36079553)



Reply Favorite

Date: May 21st, 2018 2:15 PM
Author: Sadistic honey-headed doctorate



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36097564)



Reply Favorite

Date: May 21st, 2018 2:12 PM
Author: Tan irradiated love of her life

Check out this graph of the San Diego Home Valuation Index through 2016.

http://karabrem.com/files/2018/03/housing_update_jun_17-1.png

One, it shows we are due for a crash.

Two, look at how the last crash was preceded by two perfect ten-year cycles. Wondering if those cycles were manipulated.

Anyways, that red line has kept climbing since 2016.

I just put the brakes on our home buying plans. We are now officially waiting for the crash.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36097539)



Reply Favorite

Date: May 21st, 2018 2:13 PM
Author: ebony hideous parlor lettuce

buying opportunity

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36097547)



Reply Favorite

Date: May 21st, 2018 2:14 PM
Author: chocolate insecure organic girlfriend

How would this affect crypto generally and zilliqa specifically

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36097556)



Reply Favorite

Date: June 7th, 2018 1:52 PM
Author: Tan irradiated love of her life

It is starting. The company I work for originates mortgage loans then sells them on the secondary market.

Before we sell them off we will only service the first mortgage payment for the borrowers. The loan is sold before the second payment is due.

Got an email yesterday from accounting. Four borrowers have defaulted on their first payments for April and May. Three in April and one in May.

Accounting was wondering what to do because the borrowers are not returning her calls.

I asked my general manager whether this has happened before and he said no.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201158)



Reply Favorite

Date: June 7th, 2018 1:57 PM
Author: narrow-minded pungent cuckoldry locus



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201218)



Reply Favorite

Date: June 7th, 2018 2:03 PM
Author: amethyst market wagecucks



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201258)



Reply Favorite

Date: June 7th, 2018 4:38 PM
Author: narrow-minded pungent cuckoldry locus



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202202)



Reply Favorite

Date: June 7th, 2018 2:05 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201281)



Reply Favorite

Date: June 7th, 2018 2:10 PM
Author: floppy canary turdskin indian lodge

Location?

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201326)



Reply Favorite

Date: June 7th, 2018 2:11 PM
Author: obsidian coldplay fan lay

Early payment defaults in the first month have nothing to do with the larger housing market. The most likely explanation is your LO's and underwriters are shoving through shit loans.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201328)



Reply Favorite

Date: June 7th, 2018 2:15 PM
Author: Scarlet shrine

There was a good article in bloomberg last week about the shit loan market revival coming from all of these fin-tech companies. They're not well regulated and there isn't much stomach for regulation in the current administration. It's still a very small part of the market for mortgage loans (less than 10%) and much smaller compared to where they were in 2005-07. But they're growing fast and behaving like their counterparts from before the crash.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201356)



Reply Favorite

Date: June 7th, 2018 2:21 PM
Author: Tan irradiated love of her life

The entire mortgage industry right now is a house of cards. Borrowers are stretched incredibly thin.

Home prices keep spiraling up but incomes are not matching it. Proles are putting themselves into homes/mortgages where they have zero disposable income left after their mortgage payment.

What happens when the water heater breaks? When there is a medical emergency?

The second the economy takes a bad turn the house of cards will come tumbling down and that is when my black fiance and I will scoop something up.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201384)



Reply Favorite

Date: June 7th, 2018 2:45 PM
Author: Scarlet shrine

I don't disagree, especially with regards to incomes not climbing fast enough (especially among young households) to meet the higher prices. The counterargument might be that there are a lot more buyers with all cash or mostly-cash in the market now. That, combined with healthy population growth, lack of construction, and a much smaller shit-loan market, especially in metro areas, makes it a lot less likely that there will be an epic '08 style meltdown.

The loan delinquency rate is still ticking down and the median down-payment is near its highest rate. I think the next crash is going to come from somewhere else (maybe political-sovereign debt crisis).

https://fred.stlouisfed.org/series/DRSFRMACBS

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201524)



Reply Favorite

Date: June 7th, 2018 2:55 PM
Author: Tan irradiated love of her life

I don't think that there is going to be an '08 style meltdown again.

The housing market is cyclical and we are long overdue for a correction.

People are panic-buying worried that prices will never come down.

They will come down and I believe they will come down soon.

I know, there is Low Inventory. Got it. But *something* is going to happen and the vast majority of people are not going to predict what that something is.

There are one or two guys out there screaming bloody murder right now and after the crash or correction these dudes will be saying, "Ha! I was right I told you so," while me and my black fiance will be moving into our new single family home that we bought at foreclosure.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201582)



Reply Favorite

Date: June 7th, 2018 3:04 PM
Author: fuchsia philosopher-king

180 fuckin ONE EIGHTY

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201643)



Reply Favorite

Date: June 7th, 2018 3:22 PM
Author: Milky crawly church

this coming crash won't be as singular on real estate as '08

but may be larger considering student debt, fiat USD instability vs China, Social/Security insolvency, pension state issues etc

I think the sum of what is to come could potentially be as bad if not worse - i expect mass defaults on several frontlines, millennials are already not paying back credit cards, if the masses start moving whats left of their money into crypto and not paying things back ljl

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201752)



Reply Favorite

Date: June 7th, 2018 3:49 PM
Author: sepia razzle native

"something will happen that will cause the market to crash"

Wow... You're like a Cassandra

I love listening to this reddit tier talk as if it's insightful in any way

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201953)



Reply Favorite

Date: June 7th, 2018 3:57 PM
Author: Tan irradiated love of her life

It is more insightful than saying we have low inventory and prices are going to keep going up indefinitely. Buy something now then, genius.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201982)



Reply Favorite

Date: June 7th, 2018 4:06 PM
Author: sepia razzle native

Link to me saying that ever?

If you're so certain of an imminent crash, put your money where your mouth is and buy a massive put spread on the indexes and VIX calls. You won't because you're a giant pussy with no skin in the game.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202017)



Reply Favorite

Date: June 7th, 2018 4:13 PM
Author: Tan irradiated love of her life

I'm just broke and know that I can't afford *anything* in this market while I make double the AGI for this area.

I don't pretend to know when the crash is coming exactly or what is going to cause it.

But a crash is coming, it is coming *soon*, and now is NOT the time to buy.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202073)



Reply Favorite

Date: June 7th, 2018 5:19 PM
Author: fuchsia philosopher-king

mfcr

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202504)



Reply Favorite

Date: June 7th, 2018 5:53 PM
Author: obsidian coldplay fan lay

This is especially the case with lenders that do government backed FHA loans, which basically require zero down. By definition FHA borrowers are typically way less credit worthy than normal people that put 20% down on a conventional loan. Most of the big banks left the FHA lending space after the 2008 meltdown because Obama's DOJ kept coming after them with the False Claims Act. They are starting to come back, but in the mean time, little mortgage companies like Chilmata's have filled the FHA void.

I am a little shocked to see Chilmata talking about one month defaults being caused by rising home prices. If the loan is properly underwritten, the appraised home price is compared to the borrower's incoome, to make sure that they can actually afford the mortgage. It makes no sense that one month defaults within a single company would be tied to the larger rise in home prices.

Chilmata: pro tip, if you are suddenly having these problems one month out, start looking into things. The loans sold to investors 2-6 months ago (and/or the GSAs) are likely shit too, and you may have some buybacks or indemnity claims coming your way.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202656)



Reply Favorite

Date: June 7th, 2018 6:03 PM
Author: Tan irradiated love of her life

I am personally pre-approved for a $375,000 mortgage through my company which would be FHA.

I should be qualified for $300K tops. Even at $300K when you factor in HOA fees and Mortgage Insurance, I would be stretched incredibly thin. I would have nothing left over at the end of the month.

I have no idea how lending me $375K for a condo would be considered a QM, but it is, somehow, and that is what I see being the root of the problem.

In 2008, the issue was with ARMs. When rates went up, the monthly mortgage payments went well above what the borrowers could afford and they defaulted en masse.

Today, we are putting all these people into mortgages that have fixed rates, but they are at their absolute max spending limit.

Any little thing could cause any one homeowner to default because they are almost all on super shaky ground.



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202701)



Reply Favorite

Date: June 7th, 2018 6:04 PM
Author: comical purple candlestick maker rigor

edity

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202708)



Reply Favorite

Date: June 7th, 2018 2:17 PM
Author: sepia razzle native

"I know because I watched the Bit Short." - chilmata

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201368)



Reply Favorite

Date: June 7th, 2018 2:21 PM
Author: fuchsia philosopher-king

180

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201386)



Reply Favorite

Date: June 7th, 2018 1:55 PM
Author: Sadistic honey-headed doctorate

Still waiting

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201190)



Reply Favorite

Date: June 7th, 2018 2:01 PM
Author: Heady Space

Inventory at 20-year lows in Minneapolis area. Entry level homes all going in a matter of hours.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201249)



Reply Favorite

Date: June 7th, 2018 2:03 PM
Author: lavender dingle berry

YEP SOUNDS LIKE A CRASH IS COMING!

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201263)



Reply Favorite

Date: June 7th, 2018 2:15 PM
Author: sepia razzle native

Yep! Market crashing any moment now! I know because I watched The Big Short

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201355)



Reply Favorite

Date: June 7th, 2018 3:02 PM
Author: diverse karate psychic

Sounds like they're underpricing.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201624)



Reply Favorite

Date: June 7th, 2018 4:41 PM
Author: dull base half-breed

TBF this is pre-bubble behavior patterns

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202229)



Reply Favorite

Date: June 7th, 2018 2:02 PM
Author: Vibrant olive knife new version

(Michael Burry, Jr.)

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201254)



Reply Favorite

Date: June 7th, 2018 2:20 PM
Author: carmine theater legend

Not seeing it

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201379)



Reply Favorite

Date: June 7th, 2018 3:21 PM
Author: Tan irradiated love of her life

Keep your head buried.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201747)



Reply Favorite

Date: June 7th, 2018 3:05 PM
Author: Exciting stage

https://twitter.com/wolfofwolfst/status/1003716294401712128?s=19

Toronto crashing

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201651)



Reply Favorite

Date: June 7th, 2018 3:51 PM
Author: sepia razzle native

(zerohedge)

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201962)



Reply Favorite

Date: June 7th, 2018 5:22 PM
Author: drab effete fanboi kitty cat



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202527)



Reply Favorite

Date: June 7th, 2018 5:33 PM
Author: violent cruise ship goal in life

toronto's market exploded in recent times in part due to all-cash chinese money laundering schemes. even after this "crash," it is still overheated and is way, way up from just the 00's.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202582)



Reply Favorite

Date: June 7th, 2018 3:32 PM
Author: Vibrant olive knife new version

"I'm early but I'm not wrong."

"I want my money back. Did you hear me Michael? Motherf*cker!"

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201832)



Reply Favorite

Date: June 7th, 2018 3:55 PM
Author: offensive factory reset button

Only in certain cities like Denver, Phoenix, Vegas, etc. Older more established cities like LA, NYC, Chicago, DC, Philly, Boston, etc typically don't have volatile housing markets.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36201978)



Reply Favorite

Date: June 7th, 2018 4:09 PM
Author: diverse karate psychic

LA got hammered last time.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202035)



Reply Favorite

Date: June 7th, 2018 4:10 PM
Author: fuchsia philosopher-king

Cr

Orange County also got hammered and OC has a more stable housing market than LA.

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202042)



Reply Favorite

Date: June 7th, 2018 5:31 PM
Author: Sapphire stock car garrison

can't wait, will buy up more homes

(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36202569)



Reply Favorite

Date: June 11th, 2018 6:40 PM
Author: narrow-minded pungent cuckoldry locus



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36225934)



Reply Favorite

Date: June 11th, 2018 6:37 PM
Author: fuchsia philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#36225922)



Reply Favorite

Date: November 23rd, 2019 2:56 PM
Author: Sadistic honey-headed doctorate



(http://www.autoadmit.com/thread.php?thread_id=3979192&forum_id=2#39161662)