Housing is cooling all over the country. Now Denver.

Oct 6, 2018 56 Comments

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TOP 56 Comments
  • Amazon Bdbsbd
    Most of the posts including this one is stupid, you still have to pay equivalent amount in rent if not your mortgage. It’s costs to have a roof, it doesn’t matter if the home prices go up or down for people who want to own homes for the long.. who gives a shit about the bull or bear
    Oct 7, 2018 26
    • Amazon Bdbsbd
      Oct 7, 2018
    • Citibank / Eng TQtT37
      OP
      Lol. Glad you enjoyed that.
      Oct 7, 2018
  • Oath Smugpug
    What is with this citibank guy and housing posts. Fuck off dude. Go spread your agenda somewhere else.
    Oct 6, 2018 4
    • Google alumnius
      Oath so salty
      Oct 6, 2018
    • Apple yEdW78
      Oath just bought seems like
      Oct 6, 2018
  • Oracle / Other alive!
    Well it’s expected. It’s just that some bulls kept day dreaming that the bull run will continue forever.

    Back when the housing market peaked in May, I had called it. Please check back the posts.

    1. Interest rates were going to rise. For people who calculated, its no surprise.

    2. Tax hits are coming when you file 2018 returns. The Bay Area and Seattle will feel the blow in Apr 2019. People who follow news know what’s coming, others will know when they file their taxes.

    3. Investors are first to flee. Simplest example is that nobody in Bay Area is flipping properties now. They know they will end up with a loss.

    For reference look at https://www.redfin.com/CA/Fremont/38822-Le-Count-Way-94536/home/1279456?from_mobile_app=true someone bought it for $970k and tried to flip and after flipping it’s been sitting on market for over 2 months and they keep taking out the listing and relisting it.

    4. I have been calling out the stock market as well. Please check past posts. NASDAQ will most likely end flat for the year. Less money from stocks hits the Bay Area and Seattle big time.
    Oct 7, 2018 2
    • New / Product
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      Amazon
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      Now you are saying the crash will come in Apr 2019? Not Oct 12th this year? Bummer.

      Now you are saying like a typical dumb bear. There are many useless bears talking like that. If you keep saying it, you will be right in a year or two or three or four... That's something my 3 years old cousin can do. Important thing is when and how much. I am sure that you will say "I said so!" even for 10%ish small correction.

      Going back to Bay Area real estate -I don't know why you and Citibank guy keep talking about Dallas or where we don't care-, have you ever looked at what happened before and after the two recent recessions? I am not talking about East Bay like Dublin. Santa Clara County and San Mateo County got back to normal very quickly. Use your short term speculation in stock market. RE is a long game.
      Oct 7, 2018
    • Glu Mobile PQSK63
      Absolutely agree on the tax front. I expect people to be liquidating equity to ensure that have enough cash on hand, especially for the people that owns 2-3 rentals. A correction on stock market will also send shocks in housing in bay area especially when ton of folks use non-veated RSU to show ability to borrow.
      Oct 7, 2018
  • Hey bud- you haven’t posted about housing crash in 4 days now. Are you slacking? Common, post something. And by the, I guess ur liquid networth must also be down now with stock margin going slow.
    Oct 11, 2018 2
    • Amazon Ehdd
      Holding onto his balls before they fall off.. stock can go to zero, housing cannot 😬
      Oct 11, 2018
    • Citibank / Eng TQtT37
      OP
      Reports come out monthly so I’ll update you then. Down about $75k and a lot more to go. Stocks are super overvalued still. Stopped buying outside of maxing 401k and ira a couple of years ago to build cash reserves. 400k and growing ready to jump back in when there’s blood in the streets. Same plan as the last recession.

      People like ehdd are the reason it’s easy to make lots of money in the markets if you’re a long investor. People we’re convinced it would go to zero in the middle of the financial crisis. If the stock maker goes to zero cans of spam will be worth more than their weight in gold.

      Hosing is worse than stock if you have a mortgage. It can go negative, which you geniuses know is less than 0. We can debate if negative integers or the number 0 actually exist in another thread nerds.
      Oct 11, 2018
  • Microsoft Blkman
    Interest rates, the Chinese are buying less, unaffordable prices,
    Oct 6, 2018 0
  • Lockheed Martin / Eng
    zVdH

    Lockheed Martin Eng

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    zVdHmore
    Federal reserve is pulling money out of the system. Big bust by next year. Look up business insider article about turkey’s lira crisis and its relation to the federal reserve. End the fed.
    Oct 7, 2018 6
    • Lockheed Martin / Eng
      zVdH

      Lockheed Martin Eng

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      Lockheed Martin
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      zVdHmore
      Yeah exactly, they create the booms and busts. They also control the mainstream news and the politicians. I’d say the best we have for replacement is some form of crypto, but the fed is able to manipulate that as well. Maybe somehow combine it with the gold standard, and outlaw fractional reserve banking.
      Oct 7, 2018
    • Lockheed Martin / Eng
      zVdH

      Lockheed Martin Eng

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      Lockheed Martin
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      Communications engineer
      zVdHmore
      @product ben bernanke says by 2020
      Oct 7, 2018
  • @OP one day, when you will be a homeowner, and you will realize how stupid you were to not buy. Till then, happy posting. Waiting for your next housing post!
    Oct 8, 2018 3
    • Bullshit. You are just a gossip monger.
      Oct 8, 2018
    • Citibank / Eng TQtT37
      OP
      Liquid net worth screenshot posted above Hater.
      Oct 8, 2018
  • Facebook public
    Returning to normal appreciation levels is crazy?
    Oct 6, 2018 1
    • Citibank / Eng TQtT37
      OP
      That’s not crazy, but the velocity of the change is. We’ll see what happens between now and spring. Manhattan re prices did the same thing earlier this year and prices are now declining.
      Oct 6, 2018
  • New EVlp62
    Maybe due to interest rates being higher?
    Oct 6, 2018 1
    • Citibank / Eng TQtT37
      OP
      True but they’re still low and only really started to pop big time last week. Something else is driving this. Maybe buyer/seller psychology?
      Oct 6, 2018
  • Proofpoint / Eng foodturckj
    Having immigrant friendly policies will allow immigrants to have the stability to make a long term investment such as buying a home.
    Oct 6, 2018 0

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