BMW Garage | BMW Meets | Register | Search | Today's Posts | Mark Forums Read |
11-20-2021, 10:19 AM | #89 | |
Major General
10583
Rep 8,881
Posts |
Quote:
There are a ton of people that have used the extra equity in their homes, financed out and invested that money in the stock market lol. The crash could be of spectacular proportions... 2008 no one wanted to stop the party... feels very similar now.
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
|
|
Appreciate
1
vreihen1619138.00 |
11-20-2021, 10:21 AM | #90 | |
Major General
10583
Rep 8,881
Posts |
Quote:
With that being said, the extra equity in people's homes has caused them to do dumb things as I've mentioned above... the only true benefit in inflated housing prices is if you are trying to sell and invest into another asset class or time the market by hoping for a drop and rebuying something nicer or perhaps larger. Outside of that, if you are staying in your own home... or trying to swap for another it's 1 for 1 expensive... there is little to no value in it.
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
|
|
Appreciate
0
|
11-20-2021, 11:23 AM | #91 |
Lieutenant
971
Rep 537
Posts |
Fortunately, there is no similarity between 2008 and now. The current situation has nothing to do with banking problems. Anyone who is moving money around that involves their primary residence is foolish.
__________________
|
Appreciate
1
vreihen1619138.00 |
11-20-2021, 01:51 PM | #92 | |
Major General
10583
Rep 8,881
Posts |
Quote:
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
|
|
Appreciate
1
Tyga113415.00 |
11-20-2021, 02:06 PM | #93 | |
Lieutenant
971
Rep 537
Posts |
Quote:
__________________
|
|
Appreciate
0
|
11-20-2021, 02:10 PM | #94 |
Major
2239
Rep 1,347
Posts |
We are in a bubble but nothing about this even closely resembles 2007-2008. You don't have the secondary derivative market driving it like you did then
It's a combination of free money and rebounding from a literal once in a century event. The latter is going to take time to shake out, the former requires unpopular changes being made. I've been worried about our corporate debt load for a few years now. |
Appreciate
0
|
11-20-2021, 02:23 PM | #95 | |
Lieutenant Colonel
3415
Rep 1,715
Posts |
Quote:
|
|
Appreciate
1
vreihen1619138.00 |
11-20-2021, 02:35 PM | #96 | |
Lieutenant
971
Rep 537
Posts |
Quote:
__________________
|
|
Appreciate
0
|
11-20-2021, 02:38 PM | #97 | |
Major General
10583
Rep 8,881
Posts |
Quote:
This is true... but that is somehow missing that we havent raised rates in the 9 years prior that created an asset bubble. We never had a single downturn in the last 10 years... this doesnt follow economic cycles and we've been feeding it. If Covid never happened, I feel we would be even in a worse spot from a bubble perspective.
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
|
|
Appreciate
0
|
11-22-2021, 12:19 PM | #98 |
Registered
1
Rep 4
Posts |
Personally, inflation not so much. More so the new rules with international covid regulations. I travel frequently internationally and there's definitely more of a "process" to entering countries. Sometimes a pain in the *** depending on where you're going.
Hopefully no monkeypox disease as broadcasted on the news recently. As if people cant travel abroad without making love to some random animals and bringing back a virus. |
Appreciate
0
|
11-22-2021, 02:11 PM | #100 | |
Major
2239
Rep 1,347
Posts |
Quote:
Rates are a problem, I dont deny that. I just dont think they are the key driver to this most current problem. But I stated before Im concerned about the current debt load due to that free money and, of course, there is the impact on the housing markets. |
|
Appreciate
0
|
11-22-2021, 02:12 PM | #101 |
Major
2239
Rep 1,347
Posts |
The hope is we have some time but even Bush and Obama agreed it was going to be a much bigger, and more frequent problem. As we continue to encroach on more environments we get exposed to new pathogens, couple that with considerably increased mobility and pandemics can move much more quickly.
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|