PILOT SPIN
Spin Zone => Spin Zone => Topic started by: Ron22 on April 06, 2021, 07:11:26 AM
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Any bets on when the house market comes to a crash again? Houses are selling for above asking/market and selling out in minutes. Construction is going crazy and material prices are sky high and hard to get.
Will the economy follow or just housing?
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The crash of 2008 was caused by unqualified people getting loans they were unable to pay back. The coming crash will be caused by steeply rising interest rates and the corresponding fall of house prices. (Always there's a balance: high rates, low cost or low rates and high costs. We're in the low rate high cost end of the cycle.) Interest rates HAVE to increase due to the massive influx of trillions of dollars into the economy. As rates rise, housing prices will fall and suddenly people will be unable to unload the houses they paid WAY too much for. My best guess is that the crash will happen in the next two years and will bring the rest of the economy along with it.
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The crash of 2008 was caused by unqualified people getting loans they were unable to pay back. The coming crash will be caused by steeply rising interest rates and the corresponding fall of house prices. (Always there's a balance: high rates, low cost or low rates and high costs. We're in the low rate high cost end of the cycle.) Interest rates HAVE to increase due to the massive influx of trillions of dollars into the economy. As rates rise, housing prices will fall and suddenly people will be unable to unload the houses they paid WAY too much for. My best guess is that the crash will happen in the next two years and will bring the rest of the economy along with it.
^^^^^^^^This. Spot on. I think we will begin to see the higher interest rates and slowing of the housing market 4th quarter 2021. It won't be pretty.
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The crash of 2008 was caused by unqualified people getting loans they were unable to pay back. The coming crash will be caused by steeply rising interest rates and the corresponding fall of house prices.
I agree with 2008 what else would you expect from giving loans to just about anyone.
In 2008 I don’t remember raw materials prices getting crazy. Look at the cost of lumber now. It is crazy.
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That's $150.00 in lumber. It's crazy.
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That's $150.00 in lumber. It's crazy.
Whatcha building there?
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That's $150.00 in lumber. It's crazy.
A direct result of government giving cash to people who can work.
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That's $150.00 in lumber. It's crazy.
Well you shouldn’t use rare African Blackwood for raised garden beds. Lol
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Whatcha building there?
Garden bed. Wife and wife next door wanted to grow veggies. Now they need to dig out grass to lay beds in and fill with dirt.
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Well you shouldn’t use rare African Blackwood for raised garden beds. Lol
I was lucky to find boards that weren't too warped.
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What happens when the Foreclosure Memorandum expires and foreclosures/evictions start?
I think that is when the storm starts.
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What happens when the Foreclosure Memorandum expires and foreclosures/evictions start?
I think that is when the storm starts.
I did not think of that possibility
Sent from my iPad . Squirrel!!
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Garden bed. Wife and wife next door wanted to grow veggies. Now they need to dig out grass to lay beds in and fill with dirt.
Two wives? :o
I'm impressed. :)
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Two wives? :o
I'm impressed. :)
Yeah...if i was to have a second wife, it would be the girls cross country coach on the far corner.
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That's $150.00 in lumber. It's crazy.
Good price. Here, a single 2x12, 8' long is $35 and you're using 6 of them. Or is the height not 12"?
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Any bets on when the house market comes to a crash again? Houses are selling for above asking/market and selling out in minutes. Construction is going crazy and material prices are sky high and hard to get.
Will the economy follow or just housing?
I'm not betting on a crash unless it's precipitated by something like a massive employment problem, but that's a systemic risk. If nobody is working, mortgage defaults will not be the biggest problem.
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Good price. Here, a single 2x12, 8' long is $35 and you're using 6 of them. Or is the height not 12"?
7-8 foot 2x10
2-6 foot 4×4
3-8 foot 2x4
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I was lucky to find boards that weren't too warped.
Lol. Home Depot boards are horrible.
The wives don’t need to dig out the grass. There is this landscape mesh that you can nail to the inside of the raised beds that will keep the grass from growing through. Nail in the mesh, add good garden soil, and done.
Been there done that. And I used Home Depot cedar boards. Eight 5’x10’ beds.
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Here is why Home Depot lumber is like it is:
https://i.imgflip.com/2lb5h0.jpg
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Lol. Home Depot boards are horrible.
The wives don’t need to dig out the grass. There is this landscape mesh that you can nail to the inside of the raised beds that will keep the grass from growing through. Nail in the mesh, add good garden soil, and done.
Been there done that. And I used Home Depot cedar boards. Eight 5’x10’ beds.
We've done that before, and I didn't like how the vegetables grew. We've had better success removing the grass, tilling the soil, then adding a soil/compost mix on top of that.
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We've done that before, and I didn't like how the vegetables grew. We've had better success removing the grass, tilling the soil, then adding a soil/compost mix on top of that.
Well this is creepy. Look at this ad that popped up on FB this afternoon:
https://edgeright.com/products/raised-bed-kits?variant=37516524585151&fbclid=IwAR0hOeiWBWbPcY_yThxXAOnMdUrmQWeZy-eQIDX-WR4o2OgR4u1e0_Qggwk_aem_Ac8QsmWryXTG-DAXd3zHMBn575BjwyxIQxSoyk__Qa96AiB0EHcq6zwF8AnGvNPv2J-ZK2PWkQvxy7dQ6tQINGB-CHifNHw2D1kJvi76Jz8rLD1qpBPDCbztu9Z5udnsQNw
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Well this is creepy. Look at this ad that popped up on FB this afternoon:
https://edgeright.com/products/raised-bed-kits?variant=37516524585151&fbclid=IwAR0hOeiWBWbPcY_yThxXAOnMdUrmQWeZy-eQIDX-WR4o2OgR4u1e0_Qggwk_aem_Ac8QsmWryXTG-DAXd3zHMBn575BjwyxIQxSoyk__Qa96AiB0EHcq6zwF8AnGvNPv2J-ZK2PWkQvxy7dQ6tQINGB-CHifNHw2D1kJvi76Jz8rLD1qpBPDCbztu9Z5udnsQNw
I'd lose a couple of toes putting that in.
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I'd lose a couple of toes putting that in.
That’s exactly what I thought.
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I can't grow anything. The deer, rabbits, groundhogs, gophers and a plethora of other creatures, sometimes hostile, EAT EVERYTHING.
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Good fences make good neighbors. I’m not growing things for birds and deer, so they can stay out.
The growing part is soil, water, patience, work and time.
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Good fences make good neighbors. I’m not growing things for birds and deer, so they can stay out.
The growing part is soil, water, patience, work and time.
I'm not disturbing the beauty of my little acre and a third with fences or wire mesh. Maybe Claymores. That's it.