The 2023 Housing Bubble ***Apocalypse***

[TimHauck 1,801]

1 minute ago, RLLD said:

Link? I can go find the ones where I set the % at like 5, you are just mad because I would have been perfectly fine of YOU went to jail, but only because you are an internet tough guy ( pooosay) and should be raped in prison for celebrating what you did in participating. 

Lol holy sh1t

[Strike 3,979]

Just now, RLLD said:

Link? I can go find the ones where I set the % at like 5, you are just mad because I would have been perfectly fine of YOU went to jail, but only because you are an internet tough guy ( pooosay) and should be raped in prison for celebrating what you did in participating. 

Fock off.  I called you out then and I'm doing it again now, and I'll continue doing it.  Don't be a d*ck and accuse people of crimes for doing what people do every day when selling their homes. 

[RLLD 3,455]

Just now, TimHauck said:

What do you propose they should have done instead, intentionally sell for under market value?

Speculators were the main problem, they can burn in hell for how they inflamed the market but as stated earlier, you bought in December and sell in January for 40% more, ok.....but if you think that is normal and fine, when the market crashes and it hits you back, don't cry

[Strike 3,979]

Just now, TimHauck said:

Lol holy sh1t

Don't worry.  Literally not one person on this bored agreed with him then either.  And this bored had a whole lot more people on it then.  He has a holier than thou attitude on this issue.

[RLLD 3,455]

Just now, Strike said:

Fock off.  I called you out then and I'm doing it again now, and I'll continue doing it.  Don't be a d*ck and accuse people of crimes for doing what people do every day when selling their homes. 

Go fock yourself, coward, you got nothing. You hold a indefensible view on it, and won't allow that you may have done something wrong, and if someone dares call you out you come on here and pout like the little b!tch you are. 

[RLLD 3,455]

2 minutes ago, TimHauck said:

Lol holy sh1t

If you look back I offered to him to end it, he wanted to keep going so lets go......

[TimHauck 1,801]

1 minute ago, RLLD said:

Speculators were the main problem, they can burn in hell for how they inflamed the market but as stated earlier, you bought in December and sell in January for 40% more, ok.....but if you think that is normal and fine, when the market crashes and it hits you back, don't cry

No one did that, unless they either renovated the house or bought it for way under market value in the first place.  If you’re talking about people that took advantage of elderly people or something and paid them way less than what it was worth I could maybe get on board with that.

[RLLD 3,455]

1 minute ago, Strike said:

Don't worry.  Literally not one person on this bored agreed with him then either.  And this bored had a whole lot more people on it then.  He has a holier than thou attitude on this issue.

What else you got, little poosay?

[Strike 3,979]

Just now, RLLD said:

Go fock yourself, coward, you got nothing. You hold a indefensible view on it, and won't allow that you may have done something wrong, and if someone dares call you out you come on here and pout like the little b!tch you are. 

Nope.  You're entitled to your opinion, even though it's wrong.  It's when you accuse people of committing crimes that you cross the line.  I'll never apologize for selling my house at market value.  You look foolish for suggesting I should have done anything different.

[RLLD 3,455]

Just now, TimHauck said:

No one did that, unless they either renovated the house or bought it for way under market value in the first place.  If you’re talking about people that took advantage of elderly people or something and paid them way less than what it was worth I could maybe get on board with that.

Oh, it happened in large amounts.  People were buying new homes before they were even built, multiple of them and reselling for huge gains in just months. 

[Strike 3,979]

Just now, RLLD said:

What else you got, little poosay?

What do I have to have?  As before, not one person is agreeing with you here.  You just keep looking foolish.

[RLLD 3,455]

Just now, Strike said:

Nope.  You're entitled to your opinion, even though it's wrong.  It's when you accuse people of committing crimes that you cross the line.  I'll never apologize for selling my house at market value.  You look foolish for suggesting I should have done anything different.

I will accuse as I see fit. You continue to cry like the little poosay you are because you dont want it to apply to you. Then you want to come on here and banter about it, after I suggested we let it drop, then you went tough guy, OK, I am good with that as well.

[RLLD 3,455]

Just now, Strike said:

What do I have to have?  As before, not one person is agreeing with you here.  You just keep looking foolish.

Is that it, come on a little poosay ###### like you must have more he wants to say, use your little d!ck sucking mouth to talk more about it, 

[Strike 3,979]

4 minutes ago, RLLD said:

Speculators were the main problem, they can burn in hell for how they inflamed the market but as stated earlier, you bought in December and sell in January for 40% more, ok.....but if you think that is normal and fine, when the market crashes and it hits you back, don't cry

If speculators were the main problem, why did you have a problem with what I did?  I sold a house in California and bought one in Colorado.   Oh, and this isn't what you said back then by the way.  Now you're pulling a Biden.  Just making sh*t up to cover your idiotic stance.

[Strike 3,979]

1 minute ago, RLLD said:

I will accuse as I see fit. You continue to cry like the little poosay you are because you dont want it to apply to you. Then you want to come on here and banter about it, after I suggested we let it drop, then you went tough guy, OK, I am good with that as well.

Why would it apply to me if speculators were the main problem? 

[RLLD 3,455]

Just now, Strike said:

If speculators were the main problem, why did you have a problem with what I did?  I sold a house in California and bought one in Colorado.   Oh, and this isn't what you said back then by the way.  Now you're pulling a Biden.  Just making sh*t up to cover your idiotic stance.

You said there was nothing wrong with what you did, you sold your place for a big profit, that means you won, you have NOOOOOOO culpability in any of the consequences of participating in that market by gouging a seller....right? None at all.....you are clear...and moral.....

[TimHauck 1,801]

1 minute ago, RLLD said:

You said there was nothing wrong with what you did, you sold your place for a big profit, that means you won, you have NOOOOOOO culpability in any of the consequences of participating in that market by gouging a seller....right? None at all.....you are clear...and moral.....

What should he have done?

[RLLD 3,455]

21 minutes ago, Strike said:

No.  You literally used the word fraud.  You can't pretend you didn't now because it makes you look bad.  Hint:  It made you look bad then too. 

Proof that what I said is true

And More

And more

And More

And this one is gold, because it neatly comprises the mentality that was absolutely integral to ensuring the economic collapse, you have to have this mentality to ensure financial ruin across the economy....people willing to hurt others, because they can

Quote

 disagree with you right there. If you're the seller, either the entire market, or one damned fool dictates that you can sell your property for WAY more than it's really worth. You make that sale and walk away, no second thought, no indecision, no remorse. I will admit that buyers are culpable in this, particularly those getting risky loans, over stating income or not recognizing a pricing bubble that was bound to burst. But using the movie theater popcorn analogy, nobody can fault the movie theater for selling $.50 popcorn for $8, it's the fools willing to pay that who are fault. Nobody forces you to buy the popcorn, it's a choice. If someone knew they couldn't afford the property they were buying, they should have bought cheaper or not bought at all.

 

[Strike 3,979]

3 minutes ago, TimHauck said:

What should he have done?

At the time he told me I should have looked at the traditional rate of increase in home prices and extrapolated the price of my home at that rate over the time I owned it, and sold at that price.  Which would have meant losing out on over 250k.   And, of course, I still would have had to pay market value for the home I purchased.

[RLLD 3,455]

3 minutes ago, TimHauck said:

What should he have done?

It's tough to say, as I have repeatedly stated, the problem was the government and the banks.  I simply asserted that for those who sold for extravagant prices, I did not eliminate them from culpability.  And THAT was the problem.  Because no one wants to hold a moral position when its time to make money. One could have looked at the situation and perhaps decided not to sell or join in on the fraud. But many did, they have no place to complain about facing the consequences, that was my point all along....but some folks think to even suggest that is a horrible thing to say, you see, no one....ever....wants to be culpable, its always because of someone else. 

[Strike 3,979]

7 minutes ago, RLLD said:

You said there was nothing wrong with what you did, you sold your place for a big profit, that means you won, you have NOOOOOOO culpability in any of the consequences of participating in that market by gouging a seller....right? None at all.....you are clear...and moral.....

How did I gouge a seller?  And you are correct.  I have no culpability.  The area I lived in is very desirable.  That guy was lucky to get my house . That's probably why he made an offer as soon as the house was on the market, with no inspection or other conditions.  He wanted the house bad.  If he didn't have a problem with the price, why should you?  Should I consult you the next time I sell a car to make sure you're ok with the price the buyer and I agree upon?

[TimHauck 1,801]

14 minutes ago, RLLD said:

Oh, it happened in large amounts.  People were buying new homes before they were even built, multiple of them and reselling for huge gains in just months. 

Eh, that’s not really “buying in December and selling in January for 40% more,” if they really had to go under contract many months before.

And did home values even go up 40% in a year back then?

[RLLD 3,455]

Just now, TimHauck said:

Eh, that’s not really “buying in December and selling in January for 40% more,” if they really had to go under contract many months before.

And did home values even go up 40% in a year back then?

Not across the nation, but in the more heated areas like Vegas etc, yes.   People were flipping homes as a job.

[TimHauck 1,801]

Just now, RLLD said:

Not across the nation, but in the more heated areas like Vegas etc, yes.   People were flipping homes as a job.

“Flipping” as in renovating and selling, or just buying and selling without doing anything to it?

[Strike 3,979]

1 minute ago, RLLD said:

Not across the nation, but in the more heated areas like Vegas etc, yes.   People were flipping homes as a job.

Hint:  People still flip homes as a job.  Has been done forever. 

[RLLD 3,455]

5 minutes ago, Strike said:

How did I gouge a seller?  And you are correct.  I have no culpability.  The area I lived in is very desirable.  That guy was lucky to get my house . That's probably why he made an offer as soon as the house was on the market, with no inspection or other conditions.  He wanted the house bad.  If he didn't have a problem with the price, why should you?  Should I consult you the next time I sell a car to make sure you're ok with the price the buyer and I agree upon?

You participated.  That is all.  Your defense is akin to the "i was just following orders defense. Your absolute refusal to acknowledge you were involved shows that you see no problem in being a participant in a market that was so destructive. 

I infer you would do it again, without restrain, already knowing today how it unfolded last time....

[Strike 3,979]

Tim,

  One thing RLLD and I do agree on is that it was a problem.  And yes, houses were increasing in price by huge amounts on a yearly basis back then.  It may not have been 40% every year but probably for a year here and there in certain areas it did.  I had my house for 5.5 years and sold it for 150% above what I paid for it.  The government and the banks caused it.  Where we differ is when you start accusing the sellers of fraud. 

[RLLD 3,455]

1 minute ago, TimHauck said:

“Flipping” as in renovating and selling, or just buying and selling without doing anything to it?

Just buying.  There are folks who would buy multiple houses all at the same time, there were instances where they bought like 15 houses, expressly to sell in later (less than a year) and make enormous profits. 

The the footprint of housing is wide, so you do that in xip code ! and it spills over into zip code B, and it goes on and on.  So maybe you are sitting there saying, wow....our home just appreciated 30% in one year, we are so lucky, lets sell it!   Then you buy elsewhere and the market collapses and you are distraught that you are now underwater, and your investments have tanked....and then you scratch your head wondering who to blame.... /metaphorically applied of course. 

[Strike 3,979]

2 minutes ago, RLLD said:

You participated.  That is all.  Your defense is akin to the "i was just following orders defense. Your absolute refusal to acknowledge you were involved shows that you see no problem in being a participant in a market that was so destructive. 

I infer you would do it again, without restrain, already knowing today how it unfolded last time....

Yes, RLLD, I would have no problem in selling my house again.  In fact, I did, just 3 years ago.  I plead guilty to......being a consumer?

[RLLD 3,455]

2 minutes ago, Strike said:

Yes, RLLD, I would have no problem in selling my house again.  In fact, I did, just 3 years ago.  I plead guilty to......being a consumer?

I go back to my original statement. You and I will likely never agree on this one, though we seem to align on many other things. I say we let it be.....

We spent the last few years not getting into it like this, I propose you and I just avoid this one. We don't need this....

I am disgusted with myself for allowing my emotions to get the better of me. 

[edjr 5,567]

 

[Gepetto 988]

Sellers should sell for max price possible.  This is a capitalistic society. 

[TimHauck 1,801]

1 minute ago, RLLD said:

I go back to my original statement. You and I will likely never agree on this one, though we seem to align on many other things. I say we let it be.....

We spent the last few years not getting into it like this, I propose you and I just avoid this one. We don't need this....

Unless someone is going to die soon and has no family to give the money too, there is no reason not to get the maximum amount for their sale (and they’d be particularly stupid if they were planning to buy a different house).  A few people accepting less than market value isn’t going to change anything, and if everyone does it, that sounds like socialism.

[Raven Fan 362]

43 minutes ago, Gepetto said:

Sellers should sell for max price possible.  This is a capitalistic society. 

Of course.  RLLD's position is ridiculous.  And if you buy a house before it's built and then sell it for a gain, that's called, wait for it, A GOOD INVESTMENT.

I'd love to see RLLD meltdown at the folks buying new video game consoles and selling them for 3x what they paid on Ebay.  Cause you know, free market and all that.

My kid has an extra TSwizzle ticket and you bet your ass I'll sell it to whomever will pay the most...you know capitalism. 

[edjr 5,567]

 

And here we go!

[edjr 5,567]

 

  talk about nailing it 

[Hardcore troubadour 12,657]

Trump!

[edjr 5,567]

Opendoor down to 97 cents a share from $14 to start the year.

https://www.google.com/search?q=opendoor+stock&rlz=1C1GCEB_enCA993CA994&ei=vkSsY4iJN5605NoP3oqukA4&oq=opendoor&gs_lcp=Cgxnd3Mtd2l6LXNlcnAQARgDMg0ILhDHARCxAxDRAxBDMgQIABBDMgQIABBDMgoIABCxAxCDARBDMgsIABCABBCxAxCDATIECAAQQzIECAAQQzIGCAAQBxAeMgoILhDHARCvARBDMggIABCABBCxAzoKCAAQRxDWBBCwAzoNCAAQRxDWBBDJAxCwAzoICAAQkgMQsAM6BwgAELADEEM6DQgAEOQCENYEELADGAE6EgguEMcBENEDEMgDELADEEMYAkoECEEYAEoECEYYAVCOBliOBmCVGGgBcAF4AIABb4gBb5IBAzAuMZgBAKABAcgBE8ABAdoBBggBEAEYCdoBBggCEAEYCA&sclient=gws-wiz-serp

 

Quote

Get an instant offer and sell your home directly to Opendoor. No showings, no stress. We'll make you an all-cash offer so you get a stress-free sale without listing. Trusted Offers. Sell Your Home Safely. Sell on Your Schedule. Pick Your...

 

[TimHauck 1,801]

30 minutes ago, edjr said:

Opendoor down to 97 cents a share from $14 to start the year.

https://www.google.com/search?q=opendoor+stock&rlz=1C1GCEB_enCA993CA994&ei=vkSsY4iJN5605NoP3oqukA4&oq=opendoor&gs_lcp=Cgxnd3Mtd2l6LXNlcnAQARgDMg0ILhDHARCxAxDRAxBDMgQIABBDMgQIABBDMgoIABCxAxCDARBDMgsIABCABBCxAxCDATIECAAQQzIECAAQQzIGCAAQBxAeMgoILhDHARCvARBDMggIABCABBCxAzoKCAAQRxDWBBCwAzoNCAAQRxDWBBDJAxCwAzoICAAQkgMQsAM6BwgAELADEEM6DQgAEOQCENYEELADGAE6EgguEMcBENEDEMgDELADEEMYAkoECEEYAEoECEYYAVCOBliOBmCVGGgBcAF4AIABb4gBb5IBAzAuMZgBAKABAcgBE8ABAdoBBggBEAEYCdoBBggCEAEYCA&sclient=gws-wiz-serp

 

 

Opendoor is basically the house version of Carvana.  It’s a good concept that has value, but they way overpay for the houses they buy (then as a result overprice them when they sold and they would sit on the market for 30+ days, even in a hot market).     I’d think they should still be able to survive in a down market, they won’t have to pay as much to get houses.

They were onto something else too IMO when they started allowing people to use their app to tour non-opendoor houses.  It was basically Uber for home buying.  You used the app to say you wanted to tour a house at a certain time, and they would connect you with someone to show you the house.  You didn’t have to sign anything and the people were paid hourly not on commission.  However they then tried to send you to hack RE agents if you wanted to actually make an offer.

[edjr 5,567]

5 minutes ago, TimHauck said:

Opendoor is basically the house version of Carvana.  It’s a good concept that has value, but they way overpay for the houses they buy (then as a result overprice them when they sold and they would sit on the market for 30+ days, even in a hot market).     I’d think they should still be able to survive in a down market, they won’t have to pay as much to get houses.

They were onto something else too IMO when they started allowing people to use their app to tour non-opendoor houses.  It was basically Uber for home buying.  You used the app to say you wanted to tour a house at a certain time, and they would connect you with someone to show you the house.  You didn’t have to sign anything and the people were paid hourly not on commission.  However they then tried to send you to hack RE agents if you wanted to actually make an offer.

RE Agents seem to be the precipice for the inflated prices in housing right now. Scumfucks lying to people and inflating housing