The interest rate is still below historical average. Average cost is still above market. Individuals and first time buyers just can't close a deal (and haven't been able to for very long time), but they're still submitting them.
You will own nothing and you will be happy.
- Thread starter Stone
- Start date
The interest rate is still below historical average. Average cost is still above market. Individuals and first time buyers just can't close a deal (and haven't been able to for very long time), but they're still submitting them.
Monad Portal
Was it me?
it's called creating an asset bubble.
this is what modern financiers do. The three card monty bubblecraft gambit.
cawacko
Well-known member
I spoke in the late ‘aughts to the CEO of our firm (we invested in only commercial or multi-family) and he had mentioned looking into the residential market but it just didn’t pencil out (too much inefficiencies). I spoke with him recently and he said with technological advancements there are a lot more efficiencies for these large institutional investors to handle these portfolios of SFH. I don’t think these firms will exit the market but with rates rising and lower appreciation they will reevaluate how aggressively they continue on the same purchasing path.
Edit: FWIW, our firm had $50B in AUM at the time I spoke with our CEO in the late aughts so we were a type of firm that could have gotten into the SFH market if management so desired (doesn’t mean we would have been successful of course but we had the capital to do so.)
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Oh. The drama.
There aren't any churches where you live?
Those are very different things. No one "destroyed" the nuclear family. People just started having few kids because they got smarter; and younger people delayed starting families because they wanted to live their best lives while they still had their teeth. Nothing's wrong with marriage unless you have a problem with gay people doing it. Your comment about women "marrying up" is typically offensive.
Conservatives dismantled public education and don't go to college. Hell, they actually despise people who do go to college.
I'm not a fan of inheritance taxes, but I see a fundamental unfairness to some Americans being able to accumulate, not through effort but by family connections, billions of dollars while others make $30,000 a year.
Because the answer is have more kids.
There aren't any churches where you live?
Those are very different things. No one "destroyed" the nuclear family. People just started having few kids because they got smarter; and younger people delayed starting families because they wanted to live their best lives while they still had their teeth. Nothing's wrong with marriage unless you have a problem with gay people doing it. Your comment about women "marrying up" is typically offensive.
Conservatives dismantled public education and don't go to college. Hell, they actually despise people who do go to college.
I'm not a fan of inheritance taxes, but I see a fundamental unfairness to some Americans being able to accumulate, not through effort but by family connections, billions of dollars while others make $30,000 a year.
Because the answer is have more kids.
No, I'm a White man!
Do you honestly believe White Men are capable of being racists?
1....EVERYONE is capable
2...Not only do I love being a white man,...I am extremely proud of my heritage. We ALL should be regardless of what that heritage may be. I have bigtime love for my people.
Mr.Badguy
Super lefty
Well kudos to you for having at least one correct opinion lol.
You think that liberals eliminated group activities? It couldn't have possibly had anything to do with the internet, right? And I don't know about you, but I attend group activities constantly (except when there's a global pandemic).
Oh, certainly to mostly peaceful protests like many of the BLM events. The attempted coup at the Capitol was an open and hostile attack on the US government, its Capitol, its elected officials, and its voters.
Monad Portal
Was it me?
Yeah, but they make their money.
Monad Portal
Was it me?
yes, out of thin air.
Monad Portal
Was it me?
yeah. I saw you down at the glory hole.
I think the Great Recession helped that situation a lot. Banks and courts weren't in the real estate business and didn't know how to manage real estate ownership and management during all the foreclosures and receiverships. They created all those relationships and now can own properties they didn't know how to or didn't want to in the past.
No, you idiot. They make it by buying property in appreciating markets and then selling it. That's called investing.
I bet you did.
What happens when you refuse to sell? Then you continue to own your property. Just like yesterday. Just like today. Just like tomorrow. This is the dumbest fucking thread I've seen in a long time.
Monad Portal
Was it me?
We're in this thread saying the same shit we've been saying for years.
Real estate has a value attached to it. When you spend one amount of money for a property and then later sell it for more, you've enjoyed the benefit of an appreciating market. All currency is "made out of thin air". You just don't understand a spit about economics.