What is this thread all about?
Just a place for general discussion. A place to unload whats on your mind and talk about anything - personal, health, help needed, achievements, daily highs and daily lows, theories, predictions and what have you.
Does not need to be Q related.
If anyone has suggestions for topics for future General Chats, feel free to put it in comments.
Would like some thoughts from others on this housing bubble. Rates starting to go up, so it will slow some, but what signs to watch for to know when to get out of a property I have (not 'need') to sell, and when to move on stocks. I keep a sell order on my stocks in case of catastrophe but no way to do that on real property.
My opinion: you never, ever sell property except to your own children(so long as they also know not to sell it). Real estate is more valuable than gold. The ONLY exception to this rule is when you can sell it for enough to turn around and buy even more for cash, but only if you are actually going to immediately purchase the property. If you want to turn a profit from real estate just put it up for rent. Never sell. Even in the event you need to sell a property off, consider slicing an acre or ten off it and selling the rest.
My house completely burned to the ground. My family home. Destroyed, total loss, while I was at work. We moved nearly two hours away. Now, we could have sold the property our house was on. But we didn't. Now we are rebuilding, and we've about finished the first wing of our new house.
Do not fucking sell not unless it is your children, perhaps your family, perhaps even a friend of yours. But if you sell to a rando and pocket the cash not only is that catastrophically dumb, you may also have just sold it to someone proxying for Blackrock and taking over this country one property at a time. Just don't do it.
Housing market is a lot more laggy with respect to the actions of the Fed because there is a log time between the Fed pumping money via buying MBS, and that translating into buyers getting more loan than they should, and hence driving the house prices up.
So broadly, I would say that the past 3 years have been pushing house prices artificially high due to the Fed pumping billions every month buying MBS.
Secondly, at the precipice, Fed will lose its power to stabilise the market when inflation spirals uncontrollably, and they have to actually stop pumping the money (not the fake QT they talk about right now). At this point, bad loans will get called, foreclosures happen and housing market will crash.
Thirdly, even without reaching the precipice, just the increasing interest rates will slowly push people out of the market and cause prices to come down. How much? we dont know.
I am not sure what it means to say that you have to sell the property vs you need to sell the property. Question is, you are in the money with this property right? Do you want to be safe or do you want to be greed and pull every dollar you can on this property?
If you want to be safe, put it on the market but with no rush and wait for the best best offer you can get. Take the cash, and keep it ready to pick up properties when the crash happens, whenever it may happen.