I’m sure it’s nothing

doogie

https://files.consumerfinance.gov/f/documents/cfpb_Housing_insecurity_and_the_COVID-19_pandemic.pdf

AtomicPiss

One thing I've noticed is up until a few months ago, when I'd send in my mortgage payment it would clear the bank in 10-14 days from when I mailed it. Nowadays, it is clearing in about three days from when I mail it.

creepycoug

DerekJohnson said:

One thing I've noticed is up until a few months ago, when I'd send in my mortgage payment it would clear the bank in 10-14 days from when I mailed it. Nowadays, it is clearing in about three days from when I mail it.

This. You can always tell when the bankers get nervous. That industry has a terrible poker face.

RaceBannon

Rent holidays begat landlords not paying the mortgage along with owners who can't pay the mortgage makes for a nervous banker

Just over 10 million homeowners are behind on mortgage payments, according to White House estimates. An estimated 13.2 million adults living in rental housing — nearly 1 in 5 adult renters — were also not caught up on rent, according to the Center on Budget and Policy Priorities.

From the Hill - 23 million and counting. WH extended the moratorium but the chickens are gathering and anxious to come home to roost

creepycoug

RaceBannon said:

Rent holidays begat landlords not paying the mortgage along with owners who can't pay the mortgage makes for a nervous banker

Just over 10 million homeowners are behind on mortgage payments, according to White House estimates. An estimated 13.2 million adults living in rental housing — nearly 1 in 5 adult renters — were also not caught up on rent, according to the Center on Budget and Policy Priorities.

From the Hill - 23 million and counting. WH extended the moratorium but the chickens are gathering and anxious to come home to roost

Yeah. I've been waiting for that particular shoe to drop. I also wonder how many mortgage backed securities are going to blow up. Is this another 2008 coming? H-O-L-Y fuck.

RaceBannon

I just did a quick search for these numbers. I've seen worse. I've seen some things Blanch, Its the Josey Wales

RaceBannon

creepycoug said:

RaceBannon said:

Rent holidays begat landlords not paying the mortgage along with owners who can't pay the mortgage makes for a nervous banker

Just over 10 million homeowners are behind on mortgage payments, according to White House estimates. An estimated 13.2 million adults living in rental housing — nearly 1 in 5 adult renters — were also not caught up on rent, according to the Center on Budget and Policy Priorities.

From the Hill - 23 million and counting. WH extended the moratorium but the chickens are gathering and anxious to come home to roost

Yeah. I've been waiting for that particular shoe to drop. I also wonder how many mortgage backed securities are going to blow up. Is this another 2008 coming? H-O-L-Y fuck.

And there is your next short

creepycoug

RaceBannon said:

I just did a quick search for these numbers. I've seen worse. I've seen some things Blanch, Its the Josey Wales

Blu82

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

1to392831weretaken

Blu82 said:

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

Shit, $5 per gallon gas and maybe I'll start getting a bonus again!...

RaceBannon

1to392831weretaken said:

Blu82 said:

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

Shit, $5 per gallon gas and maybe I'll start getting a bonus again!...

Well look at you

pawz

What I'm hearing....

2.7M homes nationally in forebearance

6% of homes nationally are under water (only 1/3 of 2007)

Places like Chicago have 13% of homes under water

RaceBannon

Auctions are BACK. Or will be

Cash is king just like 08

PurpleThrobber

Blu82 said:

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

I'd toss in that COMMERCIAL real estate is absolutely screwed. It will take a while for Seattle to convert all those high rises into homeless shelters mixed used residential centers.

pawz said:

What I'm hearing....

2.7M homes nationally in forebearance

6% of homes nationally are under water (only 1/3 of 2007)

Places like Chicago have 13% of homes under water

Jewish securities attorney friend of mine - life long Chicagoan in his 70's. Super cool condo downtown near the river. Bailed out for Carolina. Gone, just gone. No warning.

creepycoug

PurpleThrobber said:

Blu82 said:

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

I'd toss in that COMMERCIAL real estate is absolutely screwed. It will take a while for Seattle to convert all those high rises into homeless shelters mixed used residential centers.

pawz said:

What I'm hearing....

2.7M homes nationally in forebearance

6% of homes nationally are under water (only 1/3 of 2007)

Places like Chicago have 13% of homes under water

Jewish securities attorney friend of mine - life long Chicagoan in his 70's. Super cool condo downtown near the river. Bailed out for Carolina. Gone, just gone. No warning.

Fuck I would too. I like Chicago but fuck. Cold is cold. I had this gig at Northwestern's Law School, which is not in Evanston but is in fact downtown Chicago literally on Lake Michigan. It was dry but that is the coldest I can ever remember being in my entire life. I never want to be that cold again.

PurpleThrobber

creepycoug said:

PurpleThrobber said:

Blu82 said:

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

I'd toss in that COMMERCIAL real estate is absolutely screwed. It will take a while for Seattle to convert all those high rises into homeless shelters mixed used residential centers.

pawz said:

What I'm hearing....

2.7M homes nationally in forebearance

6% of homes nationally are under water (only 1/3 of 2007)

Places like Chicago have 13% of homes under water

Jewish securities attorney friend of mine - life long Chicagoan in his 70's. Super cool condo downtown near the river. Bailed out for Carolina. Gone, just gone. No warning.

Fuck I would too. I like Chicago but fuck. Cold is cold. I had this gig at Northwestern's Law School, which is not in Evanston but is in fact downtown Chicago literally on Lake Michigan. It was dry but that is the coldest I can ever remember being in my entire life. I never want to be that cold again.

Three coldest places I've ever been - North Dakota in January, Chicago in November and Toronto in January. All a bone-chilling cold that cannot be replicated in the Inland Northwest. That air blowing off those fucking Great Lakes in Chicago and Toronto -fuck that.

North Dakota was just ball shriveling cold.

FireCohen

creepycoug said:

RaceBannon said:

Rent holidays begat landlords not paying the mortgage along with owners who can't pay the mortgage makes for a nervous banker

Just over 10 million homeowners are behind on mortgage payments, according to White House estimates. An estimated 13.2 million adults living in rental housing — nearly 1 in 5 adult renters — were also not caught up on rent, according to the Center on Budget and Policy Priorities.

From the Hill - 23 million and counting. WH extended the moratorium but the chickens are gathering and anxious to come home to roost

Yeah. I've been waiting for that particular shoe to drop. I also wonder how many mortgage backed securities are going to blow up. Is this another 2008 coming? H-O-L-Y fuck.

No, the RMBS market is significant smaller than it was. The most of the capital is tied up in the stock market now

Sources

RaceBannon said:

Auctions are BACK. Or will be

Cash is king just like 08

If things get dire enough I actually might buy a house in Seattle. Then again, probably not. Miami bottomed out in 08, may have to take a serious look there if it happens again.

creepycoug

PurpleThrobber said:

creepycoug said:

PurpleThrobber said:

Blu82 said:

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

I'd toss in that COMMERCIAL real estate is absolutely screwed. It will take a while for Seattle to convert all those high rises into homeless shelters mixed used residential centers.

pawz said:

What I'm hearing....

2.7M homes nationally in forebearance

6% of homes nationally are under water (only 1/3 of 2007)

Places like Chicago have 13% of homes under water

Jewish securities attorney friend of mine - life long Chicagoan in his 70's. Super cool condo downtown near the river. Bailed out for Carolina. Gone, just gone. No warning.

Fuck I would too. I like Chicago but fuck. Cold is cold. I had this gig at Northwestern's Law School, which is not in Evanston but is in fact downtown Chicago literally on Lake Michigan. It was dry but that is the coldest I can ever remember being in my entire life. I never want to be that cold again.

Three coldest places I've ever been - North Dakota in January, Chicago in November and Toronto in January. All a bone-chilling cold that cannot be replicated in the Inland Northwest. That air blowing off those fucking Great Lakes in Chicago and Toronto -fuck that.

North Dakota was just ball shriveling cold.

The Dakotas are for people who just want to be fucking cold. That's other level cold.

HoustonHusky

PurpleThrobber said:

creepycoug said:

PurpleThrobber said:

Blu82 said:

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

I'd toss in that COMMERCIAL real estate is absolutely screwed. It will take a while for Seattle to convert all those high rises into homeless shelters mixed used residential centers.

pawz said:

What I'm hearing....

2.7M homes nationally in forebearance

6% of homes nationally are under water (only 1/3 of 2007)

Places like Chicago have 13% of homes under water

Jewish securities attorney friend of mine - life long Chicagoan in his 70's. Super cool condo downtown near the river. Bailed out for Carolina. Gone, just gone. No warning.

Fuck I would too. I like Chicago but fuck. Cold is cold. I had this gig at Northwestern's Law School, which is not in Evanston but is in fact downtown Chicago literally on Lake Michigan. It was dry but that is the coldest I can ever remember being in my entire life. I never want to be that cold again.

Three coldest places I've ever been - North Dakota in January, Chicago in November and Toronto in January. All a bone-chilling cold that cannot be replicated in the Inland Northwest. That air blowing off those fucking Great Lakes in Chicago and Toronto -fuck that.

North Dakota was just ball shriveling cold.

A while back in an old job for almost two years I had to spend a week a month up in Chicago...hate that town. One week in Feb I was up there and it was something like -10 at night with wind chills of something crazy like -40. Front desk lady at the Marriott on Miracle Mile warned us not to walk to the bar a couple blocks down because of exposure warnings or something.

Never been colder in my life.

Swaye

creepycoug said:

PurpleThrobber said:

creepycoug said:

PurpleThrobber said:

Blu82 said:

A substantial correction is coming for segments of various business/industries.
Unfortunately, it will drag down the economy as a whole. How much remains to be seen.
Add in $5 gas and there could be a real problem.
About then some brainiacs will begin to wonder who voted for whom.

Real estate in some markets is absolutely screwed.

I'd toss in that COMMERCIAL real estate is absolutely screwed. It will take a while for Seattle to convert all those high rises into homeless shelters mixed used residential centers.

pawz said:

What I'm hearing....

2.7M homes nationally in forebearance

6% of homes nationally are under water (only 1/3 of 2007)

Places like Chicago have 13% of homes under water

Jewish securities attorney friend of mine - life long Chicagoan in his 70's. Super cool condo downtown near the river. Bailed out for Carolina. Gone, just gone. No warning.

Fuck I would too. I like Chicago but fuck. Cold is cold. I had this gig at Northwestern's Law School, which is not in Evanston but is in fact downtown Chicago literally on Lake Michigan. It was dry but that is the coldest I can ever remember being in my entire life. I never want to be that cold again.

Three coldest places I've ever been - North Dakota in January, Chicago in November and Toronto in January. All a bone-chilling cold that cannot be replicated in the Inland Northwest. That air blowing off those fucking Great Lakes in Chicago and Toronto -fuck that.

North Dakota was just ball shriveling cold.

The Dakotas are for people who just want to be fucking cold. That's other level cold.

Odd how the white man picked this place and Oklahoma as "Indian Country." Find a place no sane person wants to live. Give that to the savages. You fuckers.