Housing Bubble is bursting

I was reminded today that we are about to have an explosion in foreclosures (leftovers from china cootie regulation on NOT foreclosing). Its set to see a 540% increase this year.

This will drop a boatload of inventory into the market while interest rates will prevent people from taking advantage.

Them unintended consequences come a barking at us again.

So real estate is screwed...
Lenders cant lend so they're screwed...
and, of course we the people are screwed most of all by our government.
BOHICA
 
AssHatZombie said:
yes he has....Biden suspends oil and gas leasing in slew of executive actions on climate change
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So not suspending production, or even development, but some leases on future development, and a year after most development ended. With many of the leases unsuspended, not that it makes any difference without investment for development.

One production starts, it is often very difficult to stop production. Biden is reasonable, and has not stopped any production.
 
Walt said:
So not suspending production, or even development, but some leases on future development, and a year after most development ended. With many of the leases unsuspended, not that it makes any difference without investment for development.

One production starts, it is often very difficult to stop production. Biden is reasonable, and has not stopped any production.
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you characterization is off.

Im done with you idioting around with your bullshit.
 
AssHatZombie said:
you characterization is off.
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It is a very simple business model:
1) You get small investment money.
2) You use small investment money to get lease.
3) You get large investment money.
4) You use large investment money to develop.
5) You produce, produce, produce.
6) You run out of oil, and repeat.

No one is interfering with stage 5. Often it is not even technically possible to shutdown production, which was part of the problem during the market failure.

No, the market failure has caused a two year problem in stage 3.
 
Speaking of bubbles!

I think the Trumptard Bubble is about to Pop!

Demonstrators-fly-a-blimp-portraying-US-President-Donald-Trump-in-Parliament-Square-during-the-v.jpg
 
Salty Walty said:
I am 51, which is very old in tech. In finance, it is not very old at all. I want to get out of finance, and move back towards tech. My parents both got PHD's and very much wished I had gotten one too. I still might. My field is very hot./QUOTE]

:coolstorybro:
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Walt said:
There are for-profit PHD programs, and foreign PHD programs that are not real PHD programs... But if you are getting a PHD from a legitimate school, you are usually getting paid a stipend, and not paying money. You first must master a subject completely, and then expand human knowledge in that subject. Getting a PHD is not really a path to greater wealth. It is a path into academia, which is a lot less money. It is a lot of work for less financial rewards.

Jill Biden does not have a PHD. She has a Doctor of Education. It is a different beast.

So if I got a PHD, I would get paid some money to do research. I would take that research, and write a PHD thesis proving that I expanded human knowledge. It is reviewed, and a decision is made whether I have expanded human knowledge. The only money I would pay is to support my family who have grown used to a more expensive lifestyle than that afforded by a graduate stipend. The university would get no money from me, and in fact would be paying me a check.
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I know Jill isn't a real PhD, in fact I'm still trying to figure out how a community college managed to grant her more than an A.A. but...you're wrong. Doctorates are not about devotion and achievement unless you're in a STEM field at a DARPA hub, and in that case you've sold your soul.
 
Celticguy said:
I was reminded today that we are about to have an explosion in foreclosures (leftovers from china cootie regulation on NOT foreclosing). Its set to see a 540% increase this year.

This will drop a boatload of inventory into the market while interest rates will prevent people from taking advantage.

Them unintended consequences come a barking at us again.

So real estate is screwed...
Lenders cant lend so they're screwed...
and, of course we the people are screwed most of all by our government.
BOHICA
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This depends entirely upon where you live or are looking to buy.
 
Guille said:
I know Jill isn't a real PhD, in fact I'm still trying to figure out how a community college managed to grant her more than an A.A.
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Jill Biden got a Doctor of Education from University of Delaware. The University of Delaware is far more than a community college. It is a full on, slightly above average, research university. There is no surprise they are giving out doctorates.

Guille said:
Doctorates are not about devotion and achievement unless you're in a STEM field at a DARPA hub, and in that case you've sold your soul.
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A PHD is the opportunity to drill down into a part of a field, and to expand human knowledge. If you can do it successfully, you have expanded human knowledge. DARPA is only one of the possible funders of a PHD, but they rarely actually do. They usually pick people who already have PHD's.

The research one does for DARPA is usually removed enough from anyone dying that it really is not selling your soul. Was inventing packet exchanging (that makes the internet run) selling your soul?
 
Walt said:
Jill Biden got a Doctor of Education from University of Delaware. The University of Delaware is far more than a community college. It is a full on, slightly above average, research university. There is no surprise they are giving out doctorates.



A PHD is the opportunity to drill down into a part of a field, and to expand human knowledge. If you can do it successfully, you have expanded human knowledge. DARPA is only one of the possible funders of a PHD, but they rarely actually do. They usually pick people who already have PHD's.

The research one does for DARPA is usually removed enough from anyone dying that it really is not selling your soul. Was inventing packet exchanging (that makes the internet run) selling your soul?
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The article I read at the time didn't mention the U of D.
 
Guille said:
The article I read at the time didn't mention the U of D.
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Jill Biden got a bachelors from University of Delaware, Master of Education from West Chester College, A Master of Arts from Villanova University, and finally back to University of Delaware for a Doctor of Education from University of Delaware. All colleges I have heard of, and no obvious red flags in there.

She taught at Delaware Technical and Community College(never heard of it). Usually, she would need a masters degree to teach at a community college. Her bachelors degree was good enough to teach high school. If she wanted to become a professor at a university, she would usually need a doctorate. Getting these degrees are a lot of work for very little financial reward.

Meanwhile, no one cared that Jobs never got a bachelors degree, and he became a billionaire. The only reason Gates or Wozniak got degrees was for themselves, not to become billionaires. Musk spent a few weeks working on a PHD before dropping out.
 
Walt said:
Jill Biden got a bachelors from University of Delaware, Master of Education from West Chester College, A Master of Arts from Villanova University, and finally back to University of Delaware for a Doctor of Education from University of Delaware. All colleges I have heard of, and no obvious red flags in there.

She taught at Delaware Technical and Community College(never heard of it). Usually, she would need a masters degree to teach at a community college. Her bachelors degree was good enough to teach high school. If she wanted to become a professor at a university, she would usually need a doctorate. Getting these degrees are a lot of work for very little financial reward.

Meanwhile, no one cared that Jobs never got a bachelors degree, and he became a billionaire. The only reason Gates or Wozniak got degrees was for themselves, not to become billionaires. Musk spent a few weeks working on a PHD before dropping out.
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Walt, what you read on the Net today isn't what was on the net 2 or 3 years ago.

As for Musk, fuck him. His business model is fucking taxpayers, I have zero respect for that tool.
 
Guille said:
Walt, what you read on the Net today isn't what was on the net 2 or 3 years ago.
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Biden's academic credentials are not based on what some blog says.

Guille said:
As for Musk, fuck him. His business model is fucking taxpayers, I have zero respect for that tool.
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I cannot completely disagree with you... nor completely agree with you.

But, whatever Musk is doing, he does not need a degree to do it. Getting a doctorate opens up academia to a person, which is not the most financially rewarding path.
 
Guille said:
What falling tide? There's plenty of inventory.
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rising interest rates are hurting sales as people finding that they cannot buy as much house as they could at 2-3%.
as foreclosures explode (leftover from covid ban on forclosures) inventory will explode but people wont buy less and will worry about keeping jobs in the recession.
 
Supply and demand



Housing is in demand


Interest rates are still very low by a historical reference


You failed to predict the 2008 crash idiot



I predicted it and the proof is right in the links in my signature



No one needs your failed advice lie filled con
 
danielpalos said:
Upgrading infrastructure will help upgrade housing. We need better infrastructure to help resist inflationary pressures.
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We need infrastructure for a million reasons

Republicans have REFUSED to maintain the house


Just one more aspect of their unAmerica attitude
 
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