Discounts on standing inventory of new construction
- Thread starter Irvinehomeseeker
- Start date
usctrojancpa
Well-known member
OCLuvr said:
They are making a prediction, it could be right it could be wrong...just too many variables to really know where we will be in 6-12 months at this point. From what I see today, the market is holding up well (especially in the sub $1m in Irvine) mainly due to low rates and limited good inventory.
zubs
Well-known member
2010 - 2012 was the real estate dip. When people say buy the dip....that was the dip.
Let's compare it to the feds balance sheet.
Is there a correlation between real estate prices and this chart? When eyephone was talking about how 2018-2020 was going to be bad for real estate, how did we know interest rates were going to go down to 0?......we must be nostrafuckingdamus.
Let's compare it to the feds balance sheet.
Is there a correlation between real estate prices and this chart? When eyephone was talking about how 2018-2020 was going to be bad for real estate, how did we know interest rates were going to go down to 0?......we must be nostrafuckingdamus.
zubs
Well-known member
In capitalism, businesses fail and the cycle of recession hurts everyone. We are suppose to have saved for the winter to get through it. But in America, I predict the government will save us by printing...They have done it for the past 10 years.
realestate should be going down.....eyephone is right, but if you dig deeper....you'll realize jerome powell is gonna put that interest rate down to nothing to keep the economy from staying in recession. We're just betting if he succeeds or not.
So far don't fight the fed is still valid. We'll see how it goes in the coming months.
Even before Covid19, we were suppose to be having a recession right now.
If you didn't save, well then you should go out of business, and not ask for handouts.
realestate should be going down.....eyephone is right, but if you dig deeper....you'll realize jerome powell is gonna put that interest rate down to nothing to keep the economy from staying in recession. We're just betting if he succeeds or not.
So far don't fight the fed is still valid. We'll see how it goes in the coming months.
Even before Covid19, we were suppose to be having a recession right now.
If you didn't save, well then you should go out of business, and not ask for handouts.
zubs said:
But that's a moral argument, not a practical one.
Capitalism is all about capital efficiency. It's more capital efficient to hire lobbyist, get cozy with politicians, get bailouts, and pass on the risks to the public than actually having savings for liquidity cushion.
Why would any CEO or company take the harder and less profitable route?
The Trump administration is turning America to a socialist country without free healthcare. It started out with subsidizing farmers big time. (More than ever, because of his China trade policy)
PPP: US government handed out loans/free money to companies that will not survive. (Guess what? Analysts and some congress people say that business needs more money to stay a float.)
When will it stop? If this crisis last for several years or more and we are handing out money like candy. The financial end is coming or something.) Someone said they gave out 10x or more money than TARP. At the end, US taxpayers recovered all the money they lent to banks and financial institutions plus interest.
Okay not to pay rent nationwide. Then the investor/landlord, reit/bank gets screwed.
Next to fall or fail: colleges, commercial RE, and many more?
PPP: US government handed out loans/free money to companies that will not survive. (Guess what? Analysts and some congress people say that business needs more money to stay a float.)
When will it stop? If this crisis last for several years or more and we are handing out money like candy. The financial end is coming or something.) Someone said they gave out 10x or more money than TARP. At the end, US taxpayers recovered all the money they lent to banks and financial institutions plus interest.
Okay not to pay rent nationwide. Then the investor/landlord, reit/bank gets screwed.
Next to fall or fail: colleges, commercial RE, and many more?
irvinebullhousing
Well-known member
zubs said:
Does the FED need to be bail out when the limit hit? Is there a limit to the FED balance sheet ceiling? Why do we even have to pay taxes? Who will bail out the FED?
.Life is wonderful when the FED signs check in trillions every other month. Why even bother going to work and earn an honest living?
Compressed-Village said:zubs said:
Does the FED need to be bail out when the limit hit? Is there a limit to the FED balance sheet ceiling? Why do we even have to pay taxes? Who will bail out the FED?
Life is wonderful when the FED signs check in trillions every other month. Why even bother going to work and earn an honest living?
Not that beautiful. Because I hear if it gets to that point. It will be worst than the financial crisis.
potsticker
Active member
Irvine Pacific raised the prices on most of their standing inventory homes this week. $10k-$20k.