We're Going To Have Another Big Housing Crash

[billt]

This guy has a lot of common sense. No wild predictions.


https://www.youtube.com/watch?v=hJjTcvnzGZE&feature=youtu.be

[TAB]

i am building mine on ag land that is basicly worthless.  not ever planning on moving. 


breaking ground on it at 7 am sharp.

[Rastus]

That guy likes to hear himself talk.  Get to the point already....geez.

The entire economy is a bubble...and if the Chinese or Russians get the upper hand in world currency we're toast.  Luckily, they are worse off than we are...really.  The Chinese are habitual liars...it's what they do so don't believe the stories that say how great they are doing.  http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-red-alert-for-a-banking-crisis-in-china/

Yes there is a bubble.  Not just housing.  The stock market is propped up with money flowing in because with all the 401k's, IRA's, etc.  There isn't a real growing US economy to put money in and no return in the banks because of low interest rate.  US jobs taken by 3rd worlders does not help...low wages are not the panacea MBS's think they have...they come at a terrible cost on a macro basis.  All that quantitative easing is doing is putting money into the stock market and keeping interest rates down on loans....it's not stimulating an economy restrained by heavy handed government. 

Low oil prices should be stimulating the economy but that's not taken hold...wonder why?  oBaMaCaRe is sucking the life out along with all the other money concentrating scams the politicians have created to enrich themselves.  Thank goodness oil prices dropped or we'd be really suffering.

Yes, housing will tank but that may be just another log on the fire. 

Oil prices should be trending up starting...I'm going to predict...January 2017.  The Saudis are not paying their bills for all of the foreign workers from Pakistan, India and the Philippines .  They have not been paid in some time now and are working on the promise of backpay.  It's so bad, the Saudis not paying, that India and Pakistan have had to bring in food for their people...check it out and verify it.  Not only that, Pakistanis make up 75% of the Saudi military and they are not being paid either...not a good scenario.  Saudi Aramco, their oil company, is predicting a shortfall of 1 billion dollars in 2017. 

Why in January...because that is after the 2017 budgets are frozen in December 2016.  They can't allow optimism until after the  budgets are done so that they get to depress the industry another year.  And, I could be really wrong too.

If Hitlery gets in...come stick a fork in us.  And ponder that Saudi thing too...the world sponsors of terrorism along with the Iranians.  The Bin Laden construction company is one of the companies in Saudi not paying workers...by the way.  They have plenty of money to keep ISIS in Syria and they are putting money into their aircraft and bombs falling in Yemen (pilots are Saudi) but not keeping up with their other obligations.  That catches up soon...I'd predict. 

Congrats on the house building Tab. 

[billt]

....The entire economy is a bubble...Yes there is a bubble.....  Not just housing.  The stock market is propped up with money flowing in because with all the 401k's, IRA's, etc.  There isn't a real growing US economy to put money in and no return in the banks because of low interest rate.

The stock market is much more financially sound, because there is literally tons of cash, (some estimate over $2 TRILLION), being held by these companies in offshore accounts. They are quite literally saturated with money more than ever before. There are far worse positions to be in. They don't want to reinvest it, and they don't want to pay Obama's worlds highest corporate tax. So it's parked offshore waiting to see what happens. If Trump gets in, and lowers the corporate tax rate to what it was under Regan, the market could go even higher. Because a lot of that cash will be reinvested. Even with that it's due for an adjustment. Perhaps a large one. But it is nowhere near as doomed as housing.

The housing market is in the same over financed mess it was back in 2008 when it crashed. Some, like this guy, say it's even worse. More government backed loans that are not backed by anyone. More people buying with little to nothing down. And still more drowning in a sea of credit card and car payment debt. They are as financially secure as a sailor on leave in a whore house. Once it starts to collapse, it will be even more fast and furious than the last time. This will continue until both banks and the government realize you can't operate an entire market on paper, and expect it to hold any real value. As always, history has an ugly way of repeating itself. When it comes to borrowing money, people in this country tend to be their own worst enemy.

[crusader rabbit]

Rastus, you sure are an optimistic Pollyanna. 

And that is NOT to say I don't agree with you. 

I've been singing that song for some time now.  Look, our currency is by fiat--and for those of you in Oregon, that means it has value only because the government says it has value; a majority of households are receiving some sort of government aid; huge numbers of employable Americans are either without a job or are working at something way below their skill level for minimum wage; our government has been letting illegals diminish that employment pool to the point of elimination;  the gold market is being manipulated to keep the dollar propped up; we continue to allow terrorists to come into the country without any vetting; and the list goes on...

We are well and truly screwed--and not in a good way.

My heart aches for what we are leaving my grandchildren.  The only thing that keeps me somewhat on the rails is my faith.

Crusader Rabbit

[Sponsor]

[billt]

.....I've been singing that song for some time now.  Look, our currency is by fiat--and for those of you in Oregon, that means it has value only because the government says it has value;......Crusader Rabbit

You bring up a good point. World currency is graded on a Bell Curve. While our dollar may not presently be in the greatest of shape, it still is the best rated currency in the world. Look at the Euro, the Yen, or the Chinese Yuan. All are in far worse shape, and in a much worse state lending them to collapse than our dollar.

The entire European Union is in dire straights. It's why The U.K. got the hell out of it. With the possible exception of Germany, most all of the European economies are far worse than ours, and on the verge of collapse. How many times has Greece been bailed out? And they have all but zero ability to make good on any more loans, without restructuring their entire economy to a much more frugal state. Any they prove they are not willing to do that. Because every time they try, they end up rioting in the streets over it. Greeks, much like the liberal idiots in this country, want their free stuff. And they don't give a damn who has to pay for it, just as long as it's not them.

Then there is France with a far worse Muslim problem than we have. Same with Germany and several other European countries that have let these animals into their nations all but unchecked. While we are not without our problems, we are like a bed of roses compared to a lot of them. Both financially as well as socially.

[crusader rabbit]

Then there is France with a far worse Muslim problem than we have. Same with Germany and several other European countries that have let these animals into their nations all but unchecked. While we are not without our problems, we are like a bed of roses compared to a lot of them. Both financially as well as socially.

France is toast. They will have a mooslum majority within 15 years--maybe sooner.  Similarly, Germany will see the ragheads exceed German population within 20 years or less.  At that point, shariah law becomes the law of the land throughout Europe and freedom becomes an historical memory.

We are headed in exactly the same direction.

It is not a matter of accepting the tired, the weak, the hungry.  America is and has been a generous country.  It IS a matter of cultural suicide.  We are on our way.  We're just a little behind Europe.  But the Dummycraps are doing everything they can to shorten the time frame.

Crusader Rabbit

[Rastus]

If Hillary is elected it will be Putin, or his replacement, that saves Europe...if it is saved.

[Magoo541]

--and for those of you in Oregon...

WHAT have I ever said that would make you think I need you to explain Fiat to me?  We all know it was a cheap little import back in the 70's and some STD riddled Sheen was the pimp for their new models....