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I wonder if we will follow Canada and ban foreign buyers temporarily. They make up most FCBs

If housing hits a decade long peak, will IP still pause and not build… I have to wonder here

2008-2009 was criminal intent (Fraud). This would be people over leveraging. Whether their ignorance is a valid excuse is not relevant to the court. But you are right... people are crazy these days. I'm sure Fed officials and the judges are worried for their safety these days. But I still stand...

Supreme Court would overrule that, granted it would take a year and slow the whole process down again.

Thanks. Just wondering if low balling some short sales that look in terrible shape and will need repair work worth it.

I know the difference between a short sale and a foreclosure, but from the lender perspective, are they willing to negotiate more on one vs the other? Since the lender is already taking a hit on the short sale, would they be willing to negotiate even lower on the price? Just how much do they...

Let's go Volcker 2.0 . I expect Powell to have mutiny like Volcker did and stand his ground. Mortgage rates to 8% and unemployment to 5%.

Thank you. I don't think we'll be seeing foreclosures for at least another year, so this might just end upb eing a lot of nothing happening

Are people actually making good money on renting these? If so then high rates really is the only way to solve this… make bond yields so high that it makes more sense to buy bonds than real estate for cash. From what I’ve seen rents have fallen the last few months on these larger units, but...

I actually like the smaller one, but it’s still too pricey and a bit too noisy for my liking. Edit… wow… they are asking an insane amount of money for that unit

I I’m in the minority camp that mortgage rates have not seen their peak this cycle. 8% 30 year is still my target and I think it comes mid next year.

I think another 15-20%

The excessive reliance on Mainland Chinese buyers does.

I do feel they will go back to below 2019 prices, which means we still have a long way to go.

Correct. They are down from peak but still up year over year… it’s ridiculous

Sorry…. But all young people have been brainwashed to think means testing is everything that ends with ist and phobe. It won’t happen. We will likely just have lower growth for the next decade.

Would the yield curve be inverted if the fed unloaded its balance sheet? I doubt it. The10 year should never be below 3% even during the worst of recessions. We should be over 5% right now and over 4% even if recession hits next year. But we won't be, because the indicator has been tampered...

Yes. And Powell now is worried he will be the next Burns, the opposite of his hero Volcker. He has motivation now to be remembered as the most hawkish chair since Volcker or die trying. I feel he wants to be fired for being too hawkish to salvage his legacy.

The dirty little secret is no serious central banker cares about employment. That’s just a mandate politicians put out there because politicians care about it. Everybody knows that if you take care of inflation, employment will take care of itself (so long as politicians don’t mess it up)...

Wow, somebody more bearish than me. You DO exist!