Coronovirus Mortgage and Real Estate Crisis of 2020- NOT !

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isisisLover

Guest
We are only in this about 3months. House prices aren't going to drop like that! the last one took years before any drops appeared. The earnings for all the covid19 haven't gone out. Be patient, and just give it a little time.

The stock market is up just like in 1930s, probably until the earnings come out.

So far, life looks great. They need to keep this up. Look outside, watch the news, specially at the beaches. Look at the people protesting. All I see is fat people. Fat beautiful chicks. People are driving new nice cars and faster. Just like on the Autobahn, no speed restriction, but when there is an accident...! Food and tech companies are making a killing. There are homes for the homeless. Free food, free housing, even free money. What does this all tell you? People are living the rich life! So what is all the complaining about?

Stay thirsty my friends. Enjoy the ride.
 

moretrouble

LoanSafe Member
Nov 14, 2009
1,451
246
63
Nothing is free. We as family got $4,000 from the 3 trillion $ stimulus, our share of that debt is $45,000 (3,000,000 / 330 *5) that will be paid by our kids and grand kids in terms of loss of interests, inflation, taxes... and slaving in menial jobs to pay for us. The $41,000 difference went to other people, the sophisticated investors and politicians who know how to take advantage of the situation, just like the old subprime mortgage crisis. Most people don't understand what's going on. Some people win, everybody loses.
 
C

Chasegame two

Guest
Bidding wars in the residential real estate market are back in many cities and states........ and increasing. Historically low interest rates (still trickling downward) and lack of inventory are a couple of the contributing factors.

As always, real estate is very 'area specific' and the jury is still out on places like NYC, but from an overall U.S. macro view, the much ballyhooed predictions of an inevitable real estate crash are so far proving to be wishful thinking, and hot air , by many that perceive they would benefit from such a calamity.
 
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isisisLover

Guest
Moretrouble…. well, well, its all in the mind. Obviously nothing is free, you or someone paid or will be paying for it. But because you got something for nothing, the point in time of receiving it, it is considered free. Yes, its complicated. Its really an indirect loan.

That is right, the sophisticated investors and the politicians are taking advantage. That's why the stock market are up and bidding wars in "residential" real estate are on. The stimulus BS is the tool that made them possible. They are buying them time to get out at the expense others. Once they are all out, they will pull the rug, its all going to collapse.

Here is the reality:

* With stimulus: The richs stay rich. The poors become more poor.
* Without stimulus: The richs become poor. The poors stay poor.
 

isisis

LoanSafe Member
Jun 22, 2010
1,769
243
63
North bay
Moretrouble…. well, well, its all in the mind. Obviously nothing is free, you or someone paid or will be paying for it. But because you got something for nothing, the point in time of receiving it, it is considered free. Yes, its complicated. Its really an indirect loan.

That is right, the sophisticated investors and the politicians are taking advantage. That's why the stock market are up and bidding wars in "residential" real estate are on. The stimulus BS is the tool that made them possible. They are buying them time to get out at the expense others. Once they are all out, they will pull the rug, its all going to collapse.

Here is the reality:

* With stimulus: The richs stay rich. The poors become more poor.
* Without stimulus: The richs become poor. The poors stay poor.
Hey isisislover,

What's with taking part of my name for yours? Any reason for that?
 
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C

Chasegame two

Guest
November crash? Nah, disagree. Will some homeowners have financial challenges that requested forbearance? Of course. Will it be a 'crash' ? No way. Y'all with this thinking, keep missing the fact that inventory (homes available for sale) is at an all time low in most areas. Different than 2008. Not to mention the Feds focus on preventing another real estate crash.
 

Moe Bedard

Call 1-800-779-4547
Staff member
Loan Safe Mortgage
Aug 10, 2007
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This is the stupidest thread I have seen in a long time started by someone who is either ignorant, a shill, or both.
 

Moe Bedard

Call 1-800-779-4547
Staff member
Loan Safe Mortgage
Aug 10, 2007
26,840
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Southern California
www.loansafe.org
Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever
Jessica Menton
USA TODAY

Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills amid a wave of layoffs and lost income from the coronavirus pandemic.

Mortgage delinquencies surged by 1.6 million in April, the largest single-month jump in history, according to a report from Black Knight, a mortgage technology and data provider. The data includes both homeowners past due on mortgage payments who aren’t in forbearance, along with those in forbearance plans and who didn’t make a mortgage payment in April.

At 6.45%, the national delinquency rate nearly doubled from 3.06% in March, the largest single-month increase recorded, and nearly three times the prior record for a single month during the height of the financial crisis in late 2008, Black Knight said.


 
C

Chasegame two

Guest
Really Moe? What's with the personal stuff? How about I just disagree with your predictions and would like to offer a different perspective and different facts?

Or Moe, are your true colors showing through here? Anyone that disagrees with you is stupid, ignorant, a shill?