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Housing Market #6814131
03/23/20 11:48 AM
03/23/20 11:48 AM
Joined: Feb 2007
Posts: 1,144
Ohio
BuckMink Offline OP
trapper
BuckMink  Offline OP
trapper

Joined: Feb 2007
Posts: 1,144
Ohio
Hey all,

reading reports, supposingly the market is going to take a huge hit. I was just wondering if the interest rates will continue go lower and for a first time home purchase if this will be a good opportunity to take advantage of?

I would like some input from you.

Thanks!

Re: Housing Market [Re: BuckMink] #6814148
03/23/20 11:57 AM
03/23/20 11:57 AM
Joined: Nov 2008
Posts: 4,548
Cleveland IL
muddyriverdogz Offline
trapper
muddyriverdogz  Offline
trapper

Joined: Nov 2008
Posts: 4,548
Cleveland IL
If interest rates go any lower they will be nagative just like Trump wants. I don't know if America will except that though.

Housing prices will take a hit for sure in most places.Specially places like Florida,California and New York.....Some places though it might not or may not be as severe.

Last edited by muddyriverdogz; 03/23/20 11:58 AM.

You only live once, so get over it!

Tactics may change but the goal remains the same.
Re: Housing Market [Re: BuckMink] #6814201
03/23/20 12:06 PM
03/23/20 12:06 PM
Joined: Apr 2014
Posts: 7,081
MO
cfowler Offline
trapper
cfowler  Offline
trapper

Joined: Apr 2014
Posts: 7,081
MO
WAIT! There will be deals. The housing market of 2008 will look like a practice run if this continues. There’s tons of houses that the banks have had since 2008, that still haven’t been placed back on the market. I’d recommend the same on any vehicle purchase also. Both will be greatly reduced in price, IMO. Not saying they couldn’t have a dead-cat bounce, but they will hit bottom. Home equity will fall. I know several in the housing market, and they’re sitting on piles of cash waiting to buy.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Housing Market [Re: BuckMink] #6814211
03/23/20 12:16 PM
03/23/20 12:16 PM
Joined: Jun 2012
Posts: 3,829
KY.usa
rex123 Offline
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rex123  Offline
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Joined: Jun 2012
Posts: 3,829
KY.usa
If this keeps up rates will go down maybe even negative like in some places in Europe. I don't you will ever see a better time to buy a home.

Re: Housing Market [Re: rex123] #6814218
03/23/20 12:22 PM
03/23/20 12:22 PM
Joined: Nov 2008
Posts: 4,548
Cleveland IL
muddyriverdogz Offline
trapper
muddyriverdogz  Offline
trapper

Joined: Nov 2008
Posts: 4,548
Cleveland IL
Originally Posted by rex123
If this keeps up rates will go down maybe even negative like in some places in Europe. I don't you will ever see a better time to buy a home.


there will be a run on the banks if that happens. Negative rates for the world reserve currency may not work out like in other nation's.

Last edited by muddyriverdogz; 03/23/20 12:28 PM.

You only live once, so get over it!

Tactics may change but the goal remains the same.
Re: Housing Market [Re: cfowler] #6814221
03/23/20 12:25 PM
03/23/20 12:25 PM
Joined: Nov 2008
Posts: 4,548
Cleveland IL
muddyriverdogz Offline
trapper
muddyriverdogz  Offline
trapper

Joined: Nov 2008
Posts: 4,548
Cleveland IL
Originally Posted by cfowler
WAIT! There will be deals. The housing market of 2008 will look like a practice run if this continues. There’s tons of houses that the banks have had since 2008, that still haven’t been placed back on the market. I’d recommend the same on any vehicle purchase also. Both will be greatly reduced in price, IMO. Not saying they couldn’t have a dead-cat bounce, but they will hit bottom. Home equity will fall. I know several in the housing market, and they’re sitting on piles of cash waiting to buy.



They just gave the Fed the green light to buy up everything. There balance sheet is going to skyrocket to maintain price levels as they buy up America with a Constitutionally illegal currency. The Revolutionary war has been lost..

Last edited by muddyriverdogz; 03/23/20 12:31 PM.

You only live once, so get over it!

Tactics may change but the goal remains the same.
Re: Housing Market [Re: BuckMink] #6814341
03/23/20 12:47 PM
03/23/20 12:47 PM
Joined: Feb 2007
Posts: 1,144
Ohio
BuckMink Offline OP
trapper
BuckMink  Offline OP
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Joined: Feb 2007
Posts: 1,144
Ohio
So just wait a couple of months from now, is the reccomendation?

Re: Housing Market [Re: BuckMink] #6814342
03/23/20 12:49 PM
03/23/20 12:49 PM
Joined: Nov 2008
Posts: 4,548
Cleveland IL
muddyriverdogz Offline
trapper
muddyriverdogz  Offline
trapper

Joined: Nov 2008
Posts: 4,548
Cleveland IL
Originally Posted by BuckMink
So just wait a couple of months from now, is the reccomendation?


I would and see how things go.

I would however be paying close attention to the buying power of the dollar.

Housing prices will depend on how much the Fed buy's. That's who you will be competing against,your own tax dollars or should i say a loan being taken out against you.

Last edited by muddyriverdogz; 03/23/20 12:58 PM.

You only live once, so get over it!

Tactics may change but the goal remains the same.
Re: Housing Market [Re: BuckMink] #6814407
03/23/20 01:56 PM
03/23/20 01:56 PM
Joined: Aug 2011
Posts: 45,263
james bay frontierOnt.
B
Boco Offline
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Boco  Offline
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B

Joined: Aug 2011
Posts: 45,263
james bay frontierOnt.
Might be a good time to buy a bigger better home.Since you wont be able to sell the old one you could use that one for a skinning shack.


Forget that fear of gravity-get a little savagery in your life.
Re: Housing Market [Re: BuckMink] #6814414
03/23/20 02:04 PM
03/23/20 02:04 PM
Joined: Nov 2008
Posts: 4,548
Cleveland IL
muddyriverdogz Offline
trapper
muddyriverdogz  Offline
trapper

Joined: Nov 2008
Posts: 4,548
Cleveland IL
This isn't going down like 2008. It's going to be much worse and different.The entire financial system is levereged up on debt. I wouldn't be surprised if prices don't rise as the value of the dollar collapses.


You only live once, so get over it!

Tactics may change but the goal remains the same.
Re: Housing Market [Re: BuckMink] #6814520
03/23/20 03:20 PM
03/23/20 03:20 PM
Joined: Jan 2014
Posts: 474
Western pa
F
frank1969 Offline
trapper
frank1969  Offline
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F

Joined: Jan 2014
Posts: 474
Western pa
I'm just scared the city rats will move out in the country after all this

Re: Housing Market [Re: BuckMink] #6814525
03/23/20 03:28 PM
03/23/20 03:28 PM
Joined: Jan 2007
Posts: 321
Eastern Nebraska
Y
yote_trapper20 Offline
trapper
yote_trapper20  Offline
trapper
Y

Joined: Jan 2007
Posts: 321
Eastern Nebraska
I refinanced at 2.875 with 30 year note when this all started. Not sure if it will get much lower than that?

Last edited by yote_trapper20; 03/23/20 03:29 PM.
Re: Housing Market [Re: BuckMink] #6814575
03/23/20 04:18 PM
03/23/20 04:18 PM
Joined: Aug 2012
Posts: 3,972
South Dakota
R
Rat Masterson Offline
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Rat Masterson  Offline
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R

Joined: Aug 2012
Posts: 3,972
South Dakota
If the dollar collapses won't we have runaway inflation? If that is the case won't the Feds have to raise interest rates to slow inflation?

Re: Housing Market [Re: BuckMink] #6814590
03/23/20 04:35 PM
03/23/20 04:35 PM
Joined: Apr 2014
Posts: 7,081
MO
cfowler Offline
trapper
cfowler  Offline
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Joined: Apr 2014
Posts: 7,081
MO
I too think it’ll be worse than 2008 and expand into a lot of sectors. QE will flood some markets with “cash”. The fact is, most of this “cash” will be credit. Only sustainable with an economy moving forward. Currently, the market economy is attempting to continue forward progression without production. This only creates debt. They’re sheering the sheeple.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
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