I don’t know everything, I don’t pretend to.
There’s a lot of folks in here that have been in this game a long time, as well.
If there’s any newbs in here that need some questions answered, this would be the post for it. Us oldheads can shoot some links over. If you’re an experienced researcher, but have the desire to discuss a particular topic, I’m also all-ears.
I plan on making a detailed writing sometime in the near-future about my experiences in the conspiracysphere.
The most important conclusion I’ve come to, and early on, is that a vast majority outside these spaces have absolutely no interest in learning how the sausage is made.
Do you think there will be any housing market crash again, like there was in 2008?
Yes. I'm in construction and I see the writing on the wall. Some areas will hold value much better than others, but it's coming
Can you elaborate? I have a couple family friends who are sitting on savings, wanting to buy but a bit worried it might be overheated market. The property values seem crazy. How are people coming up with down payments? 20% of $500k is a $100k. How are people coming up with a hundred stacks? People used to struggle to come up with $20k down payment.
Welcome to the American trap. 20% is for a conventional loan (one typically acquired through a bank or private underwriter). FHA has loans available with as little as 3% down. To qualify for such a loan, you need to provide tax returns for a number of years. Income tax in this country is voluntary by some interpretations and this is a way to get you to comply (volunteer). Mortgage insurance is included (at a price) in an FHA loan and most people refinance to a conventional loan after building up enough equity to qualify. To further drive up housing prices (and state property tax revenue), loans with a term longer than 30 years has been proposed, and may have been implemented already. It also has the benefit of making conventional loans harder to obtain and forcing people to comply with income taxes if they want to own a house. It's a wicked game they play
Markets in California are definitely overheated right now.
Haha literally
Absolutely.
Houses are, perhaps unfortunately, a traded as a commodity.
This has led to semi-tofu drege houses in the US, houses that after a traditional 30 year mortgage is paid off, start to degrade in such a way that it’s best to bulldoze it down and start over.
Planned obsolescence and Jewish usury has pervaded nearly every industry.
Commodities rise and fall. Middle class people get caught up in leveraging massive debts and are forced to liquidate. Bank-owned homes that have been repossessed can be sold off at quite a discount. The challenge is making an offer before blackrock does.
Imho, people that do the “buy and hold” investing strategies in RE are both retarded and evil.
Personally, I enjoy monolithic dome architecture and are pretty simple to build. If you make friends with any Amish or Mexicans in your area, you’ll find a few that actually know what they’re doing and will work on a discount basis if you keep them fed and in the case of the latter, provide cerveza y mota at the end of the workday.
Commercial real estate is dying, but the properties are underwritten several times over with derivatives. In the next few years, we will see thousands perhaps hundreds of thousands of commercial real estate properties re-engineered into apartment and condo housing units.
Here’s some information you may find helpful: https://5minuteeconomist.com/economic-history-of-the-united-states-in-two-charts.html
I listen to Christopher gardeners bio-charisma podcast sometimes and he talks about building domes. Something about how it is the ideal shape, not a box or rectangle with gable roof design prevalent in USA.
Residential housing seems ridiculously overpriced. So I'm just wondering do we tell a young guy to take the 30 year loan and get in now, or wait for another crash because current properties are priced way more than they cost of labor and materials, which is why corporations got so involved, and why importing migrants to fill them was priority over the domestic citizens.
I can't tell young guys to save, because like someone on this forum told me yesterday, the cost of housing increases at a pace faster than anyone can save for it
All by design. You will own nothing and be happy
100%. I think I’ve seen that guy interview with BB a couple times… another guest he’s had on is the uneducated economist, and I love that guy’s perspective.
“Saving” in the traditional sense is now backwards. There’s no interest rates that keep up with inflation, which is targeted at 6% per anuum. Best rate i’ve found is a CD with a minimum of $1,000 over a one year period with 5% interest.
Young people are going YOLO with various blockchain products, meme stocks, or outright casino and sports betting. Sometimes it pays off! Most of the time, you lose. House wins.
If you tell a young person, they should be “investing” instead of “saving,” they’ll be more receptive. Best to push them into sound investments like small denomination precious metals, micro-businesses, (like selling fake weed outside of festivals or on demand screenprint tee shirts) and various licenses. i.e. get your bartending license and do side gigs. There’s apps where you can get 1099 work instantly, like when a bar has the entire staff call in sick on friday morning, they’ll post on these apps crazy pay, like $35/hr + tipshare, tonight only.
I know a construction worker that makes $300-$500 a night bartending, but only works special events
Building domes https://www.bitchute.com/video/0ihTIRWvHWY
Apparently he doesn't need permits. He's using earth bag packing which I guess is loophole in most states.
I agree with your assessments, but it's going to be tough to change office space into rental units due to building code. It might be cheaper to demolish and start over (with a subsided program because what developer doesn't want free money).