It has the same feel but worse. I predict by end year it will pop and will lead to more homelessness, business losses, rich getting richer and laws we don’t want or can’t stop. What’s your take? Feel like 2008?
It definitely feels like that in Phoenix. We paid $136K for our 2200 SF two story house in 2003 and although we're not selling the same house in our development is going for about $400KIt has the same feel but worse. I predict by end year it will pop and will lead to more homelessness, business losses, rich getting richer and laws we don’t want or can’t stop. What’s your take? Feel like 2008?
I predict as soon as all the stimulus money runs out it's going to slow waaaay down. I'm booked 4 weeks out now but it won't stay like this much longer.
There’s no reason they couldnt pay the rent. While at the same time they were receiving unemployment plus stimulus. So most of them were bringing in more money during the shut down then when they were while working. The smart ones payed. Or made arrangements with their landlords. The ones who took advantage of this and blew that money on gaming, drugs and tattoos intead of priorities? Well fk em. Out the door on their ass they go. If those who truly were unable to afford to stay. They should seek guidance from their social workers.And later this summer the “eviction moratorium” expires for 40 million people. It’s gonna be a free for all of crime in big cities. Wait...
Stole it from twitt. But from the pic i added it up and they are pretty damn close. Now they are a lumber yard so when osb was 11 at depot they were like 8 for contractors. But they mostly sell entire skids or house packs. So builders get a better price. Vs the convenience price of homerepot or lowes blows.Where'd you get this? It's a powerful visual.
Congrats on the house brotherWatch the movie The Big Short to see what happened in 2008.
This isn't the same thing. I just closed on my house last Wednesday, I even told my wife this isn't going to get better.
Real estate is a hedge against inflation, and inflation is about to get nasty.
I know man I'm right there with you. Zero surprise our generation has very little wealth and yet the boomers up top who (not all) keep looking down on us with zero understanding.Im 36 years old. Graduated HS in 04'. Got dumped into a shitty economy. Dealt with a pandemic. Now whatever happens next. I will say that my generation, 35-45 age range have been hit really hard. Nothing like starting your life in the real world during a depression.