Surviving the crash

[Hueco]

A dark but accurate article?

America Faces a Housing Bust

All the ingredients seemed to be in place at the start of 2022 for a continued housing boom, but now the market has priced itself for a sharp reversal.

www.wsj.com

Possibly. Mine lists today with first open house Saturday. Priced about 10k less than comparable in the same neighborhood because we need out pretty bad. Timing just happens to suck.

Worse comes to worse, Portland's lack of affordable rent means I can rent my place out for over the mortgage and still come in under cost compared to others.

Regarding the market as a whole, I think it'll hold in PDX longer than the rest of the states before the bubble bursts. Demand here is still high, investors still snatching up properties, and rents still ridiculous. Definitely cooling though.

 

[308]

Possibly. Mine lists today with first open house Saturday. Priced about 10k less than comparable in the same neighborhood because we need out pretty bad. Timing just happens to suck.

Worse comes to worse, Portland's lack of affordable rent means I can rent my place out for over the mortgage and still come in under cost compared to others.

Regarding the market as a whole, I think it'll hold in PDX longer than the rest of the states before the bubble bursts. Demand here is still high, investors still snatching up properties, and rents still ridiculous. Definitely cooling though.

You might be surprised what people will pay for a home even in the middle of a dumpster fire. We put our PDX home up for sale and the first couple who walked in the door bought it full price with zero demands.

 

[40man]

View attachment 1223419

Monkeypox is how it starts.

 

[VanceInWA]

Monkeypox is how it starts.

Subtle humor at its best...

 

[Mono1]

Monkeypox is how it starts.

Just keep your clothes on.

 

[monkeybutler]

I am already without pants.

 

[bkroger86]

You might be surprised what people will pay for a home even in the middle of a dumpster fire. We put our PDX home up for sale and the first couple who walked in the door bought it full price with zero demands.

Oregon is going to stay popular for a long time. Watch the exodus from the SW and SE states as the thermostat gets turned up and lakes/rivers dry out. Lake Mead has 100 ft left to drop before it stops flowing through the dam.

The further north you are latitude wise, the better off you'll be over the next 50 years. That's a fact. Any short term fall in real estate value from a recession will be a distant memory when people can't survive 120 degrees and extreme drought and want to relocate somewhere with rainfall.

 

[ATCclears]

A Profit Recession Is Brewing That'll Be The "Worst In 50 Years" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Barefootdog]

Oregon is going to stay popular for a long time. Watch the exodus from the SW and SE states as the thermostat gets turned up and lakes/rivers dry out. Lake Mead has 100 ft left to drop before it stops flowing through the dam.

The further north you are latitude wise, the better off you'll be over the next 50 years. That's a fact. Any short term fall in real estate value from a recession will be a distant memory when people can't survive 120 degrees and extreme drought and want to relocate somewhere with rainfall.

Saw a map of the US yesterday. The map predicted where the best place to live will be as climate change advances. According to "Top Men" the best place in the continental US to survive global warming will be the Great Lakes region (AKA the Rust Belt).

That makes perfect sense.....you need water to make all that rust.

Apparently, the path of the jet stream will shift ever further north. The pacific coast temperate rain forest will be no more.

 

[Bam]

So Biden blames big oil for this crisis, and that we need more refining capacity. Demands gas producers to increase refining capacity yet he blocked the expansion of the Virgin Islands refinery that would have significantly increased us refining capacit!

Biden begged the arabs to produce more oil, however they are at max capacity and yet he just killed a 1 million acre o&g oil lease in alaska!

Even French President Macron told biden to stop fing around and produce more oil, the western world depends on it

https://twitter.com/x/status/1541555413535145988

I thought this was a plot from a James Bond movie?

 

[ATCclears]

Feds may increase the rate by a full 1.0% before end of month.

Hot Inflation Report Puts Pressure on Federal Reserve

Concerns that consumers could begin to expect higher inflation to last longer spur a more aggressive rate-rise path.

www.wsj.com

 

[Xmark1]

"The world has a funny way of not coming to an end." – James Grant

If it did, that quote would not exist. - Xmark1

 

[ATCclears]

Note Mish's comments on stock market at end.

https://mishtalk.com/economics/eliz...d-for-the-recession-her-solution-is-inflation

 

[Mono1]

"The world has a funny way of not coming to an end." – James Grant

Kinda like this Thread Closure is Imminent, right??

 

[Reperio]

Kinda like this Thread Closure is Imminent, right??

Nah, they'll just delete my posts about how silly the "climate change" rhetoric is, and how it has been a story of impending ice age or fiery hellscape in any given decade for over 200 years. They'll try anything, and just about anything works on the plentiful idiots.

 

[VinnieBoomBah]

Nah, they'll just delete my posts about how silly the "climate change" rhetoric is, and how it has been a story of impending ice age or fiery hellscape in any given decade for over 200 years. They'll try anything, and just about anything works on the plentiful idiots.

View attachment 1247681

Ohhhhhh nooooooooooo



Oh, . . . . wait

https://twitter.com/x/status/1550475865330434050

 

[Provincial]

What if we don't do Twitter?

 

[monkeybutler]

What if we don't do Twitter?

That means that you are a rational adult.

 

[Provincial]

"I am NOT a twit!"

 

[Reperio]

Ohhhhhh nooooooooooo



Oh, . . . . wait

https://twitter.com/x/status/1550475865330434050

Fair enough. Point still stands though - temps were higher. I should have vetted the image; I came across it from a reliable source whom I'll let know this instance is debatable at the very least. I tried to reply once already, let's see if this one gets through. Strict mods here, apparently.

I'd love to reply with more substantial data, but those posts get deleted. I am beginning to question the lean of the mods here.