The good news is that CDs may soon be a viable retirement vehicle.
Going to be a great time to be cash heavy and ready to buy so long as you haven't already been buying into the dip like H.
I tell my friends looking at retirement to look at where they might want a vacation home.
Personally, I'm looking at land where I want to move my family to.
But yes, CD's are going to hit at least 5%+ which should be good enough for retirement if the FED kills inflation.
Is the theory on second home / land based on a price crash? Can't finance a significant balance right now. I wonder how this will affect new builds. I have the land and was close to pulling the trigger on building before this happened. OTOH, builders will be easier to find and negotiate with. The prevailing attitude to date has been, "why should I build your house?" That will change soon.
Been sitting on cash and didn't buy the dip fortunately.
The good news is that CDs may soon be a viable retirement vehicle.
Going to be a great time to be cash heavy and ready to buy so long as you haven't already been buying into the dip like H.
I tell my friends looking at retirement to look at where they might want a vacation home.
Personally, I'm looking at land where I want to move my family to.
But yes, CD's are going to hit at least 5%+ which should be good enough for retirement if the FED kills inflation.
Is the theory on second home / land based on a price crash? Can't finance a significant balance right now. I wonder how this will affect new builds. I have the land and was close to pulling the trigger on building before this happened. OTOH, builders will be easier to find and negotiate with. The prevailing attitude to date has been, "why should I build your house?" That will change soon.
Been sitting on cash and didn't buy the dip fortunately.
Rates are going to go high and there's going to be a yuge glut of inventory(nationally) with a ton of builds in progress that have no buyers waiting on the other side. That's going to make buyers desperate for liquidity in an environment where credit is tightening. It's also going to crash the speculative land markets quickly(hence I will swoop). Plenty of building commodities are already coming back down to earth as well. In a year or two when builders are hungry I'll probably build.
It will be a regional housing price crash IMO. Places that are easy to build out and have rushed to do so with inter-state migration. Boise, Vegas, Phoenix, Nashville, West Texas etc. The trouble is they thought it would continue that way forever. They always do.
Places like Cali (or Washington) haven't really built since the last crash *overall. Not enough demand, too many restrictions, NIMBY-ism. No one wants to live in LA but the OC market is still relatively hot with sellers still able to take best offer and sell places "as is" etc.
It won't be a good time to finance a yuge new house even if that house is cheap BUT vacation homes are almost always some of the first things to crash in these circumstances and often you don't need financing to purchase or can do so through existing equity.
The fed is going to continue to raise rates to stop inflation and because "employment numbers are great" in a classic delusion of soft landing.
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
Yep. All we need to do is allow domestic energy production and half or more of the inflation problems goes away without jacking rates and forcing people in to poverty.
The fed is going to continue to raise rates to stop inflation and because "employment numbers are great" in a classic delusion of soft landing.
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
Yep. All we need to do is allow domestic energy production and half or more of the inflation problems goes away without jacking rates and forcing people in to poverty.
And quit fighting/funding endless proxy wars in foreign lands in which we have no reason to be involved.
The good news is that CDs may soon be a viable retirement vehicle.
Going to be a great time to be cash heavy and ready to buy so long as you haven't already been buying into the dip like H.
I tell my friends looking at retirement to look at where they might want a vacation home.
Personally, I'm looking at land where I want to move my family to.
But yes, CD's are going to hit at least 5%+ which should be good enough for retirement if the FED kills inflation.
Is the theory on second home / land based on a price crash? Can't finance a significant balance right now. I wonder how this will affect new builds. I have the land and was close to pulling the trigger on building before this happened. OTOH, builders will be easier to find and negotiate with. The prevailing attitude to date has been, "why should I build your house?" That will change soon.
Been sitting on cash and didn't buy the dip fortunately.
Rates are going to go high and there's going to be a yuge glut of inventory(nationally) with a ton of builds in progress that have no buyers waiting on the other side. That's going to make buyers desperate for liquidity in an environment where credit is tightening. It's also going to crash the speculative land markets quickly(hence I will swoop). Plenty of building commodities are already coming back down to earth as well. In a year or two when builders are hungry I'll probably build.
It will be a regional housing price crash IMO. Places that are easy to build out and have rushed to do so with inter-state migration. Boise, Vegas, Phoenix, Nashville, West Texas etc. The trouble is they thought it would continue that way forever. They always do.
Places like Cali (or Washington) haven't really built since the last crash *overall. Not enough demand, too many restrictions, NIMBY-ism. No one wants to live in LA but the OC market is still relatively hot with sellers still able to take best offer and sell places "as is" etc.
It won't be a good time to finance a yuge new house even if that house is cheap BUT vacation homes are almost always some of the first things to crash in these circumstances and often you don't need financing to purchase or can do so through existing equity.
It seems we’ve forgot about ARMS and interest only loans. They are alive and well. Pricing will continue to drop. And it needs to. Almost everything is 20% over valued. But thanks to above, we won’t see that kind of drop in most markets. I think the cap will be 8.5% fixed for A paper. And then a slow reduction from there.
The fed is going to continue to raise rates to stop inflation and because "employment numbers are great" in a classic delusion of soft landing.
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
Call me Mr Conspiracy. but I am half-wondering if the Fed, under duress from the Biden Admin, is trying to crash the market to damage America even further on behalf of the WEF
The fed is going to continue to raise rates to stop inflation and because "employment numbers are great" in a classic delusion of soft landing.
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
Call me Mr Conspiracy. but I am half-wondering if the Fed, under duress from the Biden Admin, is trying to crash the market to damage America even further on behalf of the WEF
The Fed is focused on one thing…inflation. The govt if it was smart would do it’s part by cutting spending and trying to get its accounts in order…instead it’s sending tens of billions a month to “Ukraine” and trying to spend everything it can everywhere else. Not going to end well for anybody.
The Feds original sin in this was the last 10+ years where they kept rates crazy low and enabled the Federal Government to become completely inept at budgeting…
The fed is going to continue to raise rates to stop inflation and because "employment numbers are great" in a classic delusion of soft landing.
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
Call me Mr Conspiracy. but I am half-wondering if the Fed, under duress from the Biden Admin, is trying to crash the market to damage America even further on behalf of the WEF
I think you’re just underestimating the depths of incompetence human beings are capable of reaching.
The fed is going to continue to raise rates to stop inflation and because "employment numbers are great" in a classic delusion of soft landing.
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
Call me Mr Conspiracy. but I am half-wondering if the Fed, under duress from the Biden Admin, is trying to crash the market to damage America even further on behalf of the WEF
The Fed is focused on one thing…inflation. The govt if it was smart would do it’s part by cutting spending and trying to get its accounts in order…instead it’s sending tens of billions a month to “Ukraine” and trying to spend everything it can everywhere else. Not going to end well for anybody.
The Feds original sin in this was the last 10+ years where they kept rates crazy low and enabled the Federal Government to become completely inept at budgeting…
The fed is going to continue to raise rates to stop inflation and because "employment numbers are great" in a classic delusion of soft landing.
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
Yep. All we need to do is allow domestic energy production and half or more of the inflation problems goes away without jacking rates and forcing people in to poverty.
And quit fighting/funding endless proxy wars in foreign lands in which we have no reason to be involved.
I ain't got no quarrel with the Viet Cong.
vietnamese chicks are 100 percent into the butt stuff
The fed is going to continue to raise rates to stop inflation and because "employment numbers are great" in a classic delusion of soft landing.
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
Yep. All we need to do is allow domestic energy production and half or more of the inflation problems goes away without jacking rates and forcing people in to poverty.
And quit fighting/funding endless proxy wars in foreign lands in which we have no reason to be involved.
I ain't got no quarrel with the Viet Cong.
vietnamese chicks are 100 percent into the butt stuff
creepycoug
Member Posts: 22,746
Comments
Then the economy will begin to crash, they will make a surprised pikachu face, and pivot to try to recover.
But it's going to be too late.
Take all the screenshots you need.
@Salemcoogredux
The good news is that CDs may soon be a viable retirement vehicle.
I tell my friends looking at retirement to look at where they might want a vacation home.
Personally, I'm looking at land where I want to move my family to.
But yes, CD's are going to hit at least 5%+ which should be good enough for retirement if the FED kills inflation.
Been sitting on cash and didn't buy the dip fortunately.
It will be a regional housing price crash IMO. Places that are easy to build out and have rushed to do so with inter-state migration. Boise, Vegas, Phoenix, Nashville, West Texas etc. The trouble is they thought it would continue that way forever. They always do.
Places like Cali (or Washington) haven't really built since the last crash *overall. Not enough demand, too many restrictions, NIMBY-ism. No one wants to live in LA but the OC market is still relatively hot with sellers still able to take best offer and sell places "as is" etc.
It won't be a good time to finance a yuge new house even if that house is cheap BUT vacation homes are almost always some of the first things to crash in these circumstances and often you don't need financing to purchase or can do so through existing equity.
I ain't got no quarrel with the Viet Cong.
And nominated.
The Feds original sin in this was the last 10+ years where they kept rates crazy low and enabled the Federal Government to become completely inept at budgeting…