Posted by E.B. Haymakin' on October 31, 2022 at 12:01:14 from (172.58.248.213):
In Reply to: Home Prices Thoughtd ? posted by whizkidkyus on October 30, 2022 at 21:59:52:
I would wait..the more rates get hiked sales should slow, and prices should come down. Don't know if building materials will fall (don't think so) even if housing falls off a cliff. Cost of production is through the roof. I firmly believe the real estate bubbles prove that our political class use the banking system to "subsidize" the economy. And through the fdic tax payers are actually the ones at risk in default. If you think there's any risk of default buy something you won't get attached to. I don't see how anybody will live long enough to pay off a mortgage. In the 2007/08 debacle the average price of a house around me was 200-250,000. Now there $400,000. Ponzi scheme, pure and simple
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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