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^ seems you like better reading comprehension. He is not houseless. He just wants real estate to crash again like 2009 so he can buy houses for cheap. /not nice
Look at his past post history in the real estate forum. He was all doom and gloom about real estate prior to everything shooting up in price this year. Many of us encouraged him to buy a house before it was too late, but he didn't listen to our advice.
Now that everything has gone up in price due to limited supply, he is whining about how it's unfair for the Fed to prop up real estate prices with stimulus (claims everything is "free" platform).
Look at his past post history in the real estate forum. He was all doom and gloom about real estate prior to everything shooting up in price this year. Many of us encouraged him to buy a house before it was too late, but he didn't listen to our advice.
Now that everything has gone up in price due to limited supply, he is whining about how it's unfair for the Fed to prop up real estate prices with stimulus (claims everything is "free" platform).
How would you know what is or isn’t going to happen?
Come again? How does anyone know what is or isn't going to happen?
Not sure what your point is.
I am also extremely educated and well researched in local / national / global issues and traveled frequently in US / World (pre-Covid) so I keep an eye on key economic factors and drivers to understand what's happening, and what may drive future economic growth.
I don't panic, don't listen to FUD, especially don't listen to uneducated people who seem to focus on short term fears and panic. That is a sure way to financial ruin.
Unlike the other poster, I do not wish for a foreclosure crisis, but if one happens, I am incredibly well positioned to swoop in and pick up tons of deals to become even wealthier. No matter what happens, I am poised to take advantage of the market.
I would like to see everyone prosper and make it through this natural disaster / pandemic and come out better financially on the other side. Wishing / hoping for a massive foreclosure crisis is incredibly short sighted and dumb.
Come again? How does anyone know what is or isn't going to happen?
Not sure what your point is.
I am also extremely educated and well researched in local / national / global issues and traveled frequently in US / World (pre-Covid) so I keep an eye on key economic factors and drivers to understand what's happening, and what may drive future economic growth.
I don't panic, don't listen to FUD, especially don't listen to uneducated people who seem to focus on short term fears and panic. That is a sure way to financial ruin.
Unlike the other poster, I do not wish for a foreclosure crisis, but if one happens, I am incredibly well positioned to swoop in and pick up tons of deals to become even wealthier. No matter what happens, I am poised to take advantage of the market.
I would like to see everyone prosper and make it through this natural disaster / pandemic and come out better financially on the other side. Wishing / hoping for a massive foreclosure crisis is incredibly short sighted and dumb.
No one is coming out of this "better financially" except for Amazon, Walmart, Target, 3M, etc... This is not a natural disaster/pandemic that shut down the economy. Our politicians shut down our economy, financially crippling small business owners and workers in several industries. There is no silver lining for many of those folks. I doubt there will be a "foreclosure crisis" as more people have equity now than the last crisis, but there is no way to avoid fallout from this. The longer they keep artificially propping up the market by holding back evictions and foreclosures, the worse the impact will be once they finally open things up.
It would be nice to think government is "helping" these people, but the fact is the homeowners are still bound by their contractual obligations to the lenders, and when banks step in with forbearances and loan mods, they make a pretty penny in additional fees and loan restructures. The people that accept the loan mods will lose much of their equity in doing so and will be much worse off in the end. But hey at least they got a year off from mortgage payments when the government killed their ability to make a living. Bravo.
No one is coming out of this "better financially" except for Amazon, Walmart, Target, 3M, etc... This is not a natural disaster/pandemic that shut down the economy. Our politicians shut down our economy, financially crippling small business owners and workers in several industries. There is no silver lining for many of those folks. I doubt there will be a "foreclosure crisis" as more people have equity now than the last crisis, but there is no way to avoid fallout from this. The longer they keep artificially propping up the market by holding back evictions and foreclosures, the worse the impact will be once they finally open things up.
It would be nice to think government is "helping" these people, but the fact is the homeowners are still bound by their contractual obligations to the lenders, and when banks step in with forbearances and loan mods, they make a pretty penny in additional fees and loan restructures. The people that accept the loan mods will lose much of their equity in doing so and will be much worse off in the end. But hey at least they got a year off from mortgage payments when the government killed their ability to make a living. Bravo.
So you're a glasses is half empty type of person.
There are tons of people that will come out of this better.
Just like WW2 made America the strongest super power on the planet, how we deal with this will improve our future or lessen it.
Technical / medical innovations are being made at an amazing pace that could really have an impact on many other diseases.
Technological work innovations are being made where vast people are now able to work remotely, than slave away on an awful commute to a laboratory of cubes to do work.
There are huge societal shifts that were underway pre-Covid that has been rapidly increased by Covid.
Speak for yourself, but my financial picture is VASTLY better post-Covid.
I spend far less on material stuff - cars, clothes, eating out, than pre-Covid. My quality of life has shot up because I'm not having to dress to impress all the time. I can eat healthier and with family more often.
I'm sad for you that your life has to be so miserable that everyone else's life has to be miserable too.
There are tons of people that will come out of this better.
Just like WW2 made America the strongest super power on the planet, how we deal with this will improve our future or lessen it.
Technical / medical innovations are being made at an amazing pace that could really have an impact on many other diseases.
Technological work innovations are being made where vast people are now able to work remotely, than slave away on an awful commute to a laboratory of cubes to do work.
There are huge societal shifts that were underway pre-Covid that has been rapidly increased by Covid.
Speak for yourself, but my financial picture is VASTLY better post-Covid.
I spend far less on material stuff - cars, clothes, eating out, than pre-Covid. My quality of life has shot up because I'm not having to dress to impress all the time. I can eat healthier and with family more often.
I'm sad for you that your life has to be so miserable that everyone else's life has to be miserable too.
I am a REALISTIC person, and having specialized in selling real estate in default for over 13 years, I can assure you, the housing market will 100% take a hit from this. When and how bad is still up in the air, as government is currently artificially propping up the market, and all states have had different shutdown responses.
You braggadocio about your improved finances from Covid is a slap in the face to every small business owner that has closed their doors and everyone who is now unemployed or struggling because of the shutdowns. If you truly can't comprehend how shutting down the economy will lead to financial struggles for many, you are a fool and its clearly a waste of anyone's time to respond to your ignorant comments.
No one is coming out of this "better financially" except for Amazon, Walmart, Target, 3M, etc... This is not a natural disaster/pandemic that shut down the economy. Our politicians shut down our economy, financially crippling small business owners and workers in several industries. There is no silver lining for many of those folks. I doubt there will be a "foreclosure crisis" as more people have equity now than the last crisis, but there is no way to avoid fallout from this. The longer they keep artificially propping up the market by holding back evictions and foreclosures, the worse the impact will be once they finally open things up.
It would be nice to think government is "helping" these people, but the fact is the homeowners are still bound by their contractual obligations to the lenders, and when banks step in with forbearances and loan mods, they make a pretty penny in additional fees and loan restructures. The people that accept the loan mods will lose much of their equity in doing so and will be much worse off in the end. But hey at least they got a year off from mortgage payments when the government killed their ability to make a living. Bravo.
My personal guess is many of the Banks - almost certainly those mortgages that are government-guaranteed - will have to tack everything onto the end (including missed interest), and possibly at no fee.
No one is coming out of this "better financially" except for Amazon, Walmart, Target, 3M, etc... This is not a natural disaster/pandemic that shut down the economy. Our politicians shut down our economy, financially crippling small business owners and workers in several industries. There is no silver lining for many of those folks. I doubt there will be a "foreclosure crisis" as more people have equity now than the last crisis, but there is no way to avoid fallout from this. The longer they keep artificially propping up the market by holding back evictions and foreclosures, the worse the impact will be once they finally open things up.
It would be nice to think government is "helping" these people, but the fact is the homeowners are still bound by their contractual obligations to the lenders, and when banks step in with forbearances and loan mods, they make a pretty penny in additional fees and loan restructures. The people that accept the loan mods will lose much of their equity in doing so and will be much worse off in the end. But hey at least they got a year off from mortgage payments when the government killed their ability to make a living. Bravo.
Great post but sorry I can't rep you. I am SO thankful that I am not holding the note on any properties or even have rental property at this time.
I am a REALISTIC person, and having specialized in selling real estate in default for over 13 years, I can assure you, the housing market will 100% take a hit from this. When and how bad is still up in the air, as government is currently artificially propping up the market, and all states have had different shutdown responses.
You braggadocio about your improved finances from Covid is a slap in the face to every small business owner that has closed their doors and everyone who is now unemployed or struggling because of the shutdowns. If you truly can't comprehend how shutting down the economy will lead to financial struggles for many, you are a fool and its clearly a waste of anyone's time to respond to your ignorant comments.
You seem to have missed the boat of what he said, as well as what government has been doing.
There are sectors that have benefited from the acceleration of trends in e-commerce, virtual working, and flexible working lifestyles.
Covid made an slowly dying way of life - commuting in misery to cube farms, slaving away in minimum wage jobs far less palatable. It's causing society to take a serious look at how many menial jobs will disappear due to automation, artificial intelligence.
There are those who think society will never change, and life will remain constant for the foreseeable future. Truth is work and society is constantly changing, now more than ever.
If you can't change with the times, whether it's Covid induced, or tech induced, you will suffer. The new government is trying to help with that.
Yes there were government shut downs, but government provided trillions of dollars of stimulus. There were people getting rich off government stimulus, and people who were being paid more in unemployment than working. That was a temporary situation to ensure the virus didn't get so bad that it crippled our health system.
You seem to focus on the shut downs for small business only, and miss the big picture. What if small businesses had stayed open, and had massive injuries / death due to covid, and the hospitals being inundated with dying people during the periods last year? Do you think small business owners would have fared any better in that case?
You call him a fool, but I think you miss the real picture and might not be thinking clearly yourself. In my experience people who tend to call other people fools tend to be pretty foolish themselves in reality, as they think they are smarter than they really are.
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