FEDIT POLITICS Thread

Discussion in 'Los Angeles DODGERS' started by CapnTreee, Aug 12, 2016.

  1. THINKBLUE

    THINKBLUE DSP Gigolo

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    Forgot you were moving. I've warned them about you...

    [​IMG]
     
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  2. LAdiablo

    LAdiablo descarado

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    incredible how fast the liquid capital is snatching up real estate
    met an old guy that told me over 25% of current purchases are all cash
    as far as killing doh what's the point?
    no one is calling out this farce puppet communist government or who's in charge
    as long as he keeps doing their will he lives
     
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  3. blazer5

    blazer5 DSP Legend

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    You’re welcome hahahahajajaja
     
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  4. blazer5

    blazer5 DSP Legend

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    Sound of silence... S&G 1965
     
  5. LAdiablo

    LAdiablo descarado

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    so Johnny Damon is born to a Thai mother and a Croatian dad but nowhas white privilege and we need to hear about daily...
    don't dare say anything or get doxxed
    nice world you liberals are creating
     
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  6. TAFNAC

    TAFNAC Cossack Staff Member Administrator

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    It's unbelievable.
    I've been trying to buy a place in Texas over the last few months.
    Things list in the morning and are pending in the afternoon.
    People are only taking all cash offers since the market is moving faster than the appraisers and people can't get loans since properties are selling way above what the appraisers will value them.
    This isn't like anything I've ever seen.
     
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  7. rube

    rube DSP Legend Staff Member Administrator

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    It's a trap.
     
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  8. LAdiablo

    LAdiablo descarado

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    that's what's scary about it
    my guess is that big money has bought into currency devaluation and rampant inflation
    but i agree w rube its a trap for the rest of us
    i think the all cash deals are closer to 50% and realtors are telling me things are being bought sight unseen all day everyday
    friend just listed a condo in wood ranch area of simi valley and she already has 3 full price offers at 580k
    its one of those one story two tiny bedroom cardboard things w a garage and no yard
    wouldn't pay 400k for it in a hot market
    both my kids and myself would like to buy but we're keeping our powder dry
    makes no sense
     
  9. rube

    rube DSP Legend Staff Member Administrator

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    I think people need to watch deliverance again.
    I don't think people get it.

    You don't just walk onto a set and make your joyful noise.
    When there's a director sitting on his porch calling the shots.
    Quiet on the set.
    Or face the wrath of Christian Baal.
     
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  10. THINKBLUE

    THINKBLUE DSP Gigolo

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    27 million for fentanyl floyd's family.
     
  11. Finski

    Finski DSP Legend

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    Deliverance is a romantic comedy.
     
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  12. TAFNAC

    TAFNAC Cossack Staff Member Administrator

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    Yeah, every time there a "stimulus" package in the trillions, I move more money into things that aren't dollars.

    I've always liked real estate, and since I can work remote (thx covid) I'm looking to move to a 0% tax state. But this combination of free money, impending inflation, and flight out of high tax/cost states has created a bubble. I think I'll stick to crypto and commodities just a bit longer then buy the dip in real estate after rates go up and people start getting foreclosed.
     
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  13. rube

    rube DSP Legend Staff Member Administrator

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  14. blazer5

    blazer5 DSP Legend

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    This is exactly my play for the impending foreclosure market.
    The new stimulus money will hold off the dip for a little longer but when do you think this starts? End of 2021 into 2022?
     
  15. TAFNAC

    TAFNAC Cossack Staff Member Administrator

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    If I had to guess, you'll start to see rising rates and other inflationary pressure late this year early next (about 6 months after things get close to normal) and then you'll start to see the market really tank about 6 months after that...so maybe spring/summer next year the market starts to tank, and the buying opportunities are probably late 22 and into 23.
     
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  16. Finski

    Finski DSP Legend

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    ^^^ THIS!

    Our realtor in Kentucky was pleasantly surprised that we are looking for a house that costs LESS than we can afford and that we wish to purchase outright. We picked him from a list of Dave Ramsey approved agents, so his takes carry more weight. He told me that 90% of Californians want the biggest house they can find & they want to put as little down as possible. I gues they think prices there will continue to rise. Perhaps they will ... but if not ...

    Advising buyers to "drive until you can afford to buy" or "buy the most expensive home you can afford to finance" has always been a stupid move in my opinion. We have chosen to live within our means. It has served us very well. We want to own outright in our new place, AND have a chunk leftover to keep as a cushion for the inevitable hard times. If it all goes to shit, no one will foreclose on us because we will not have any debt.

    It is nuts that people are seeing these stimulus checks as a reason to breathe easier. Shit ... it's one last breath for a majority of the soon-to-be-drowned.
     
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  17. LAdiablo

    LAdiablo descarado

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    1.9 trillion w a whopping 9% going to the American people and yet its hailed as a real great moment in history by the media
    i'm sorry but if you think this is necessary or good then you either don't have kids or dgaf and failed basic economics
    now they're trying to really push the envelope and say this should be a permanent thing to just hand out cash
    fools and communists have taken over
    we're being led like rats to a pail of water and no one cares
    oh and the pentagon going after Tucker are you fucking kidding?
    whole different level w no end in sight
    where are those brave defiant liberals that hate government overreach?
     
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  18. irish

    irish DSP Staff Member Administrator

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    you had me at hello
     
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  19. blazer5

    blazer5 DSP Legend

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    Yeah I think the stimulus checks are pushing it out but didn’t think it would take that long. Gives me more time to bank money I guess.
     
  20. fsudog21

    fsudog21 DSP Legend

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    Better dead than Ned.
     
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