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Re: My housing prediction [Re: wetdog] #7618423
07/03/22 11:22 AM
07/03/22 11:22 AM
Joined: May 2009
Posts: 12,261
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 12,261
Champaign County, Ohio.
Originally Posted by wetdog
Originally Posted by Gary Benson
Here's one for the pet peeve thread.

Look up Dunning Kruger effect, he fits the definition perfectly


"Dunning-Kruger effect, in psychology, a cognitive bias whereby people with limited knowledge or competence in a given intellectual or social domain greatly overestimate their own knowledge or competence in that domain relative to objective criteria or to the performance of their peers or of people in general."

Keith

Re: My housing prediction [Re: jbyrd63] #7618425
07/03/22 11:27 AM
07/03/22 11:27 AM
Joined: Dec 2006
Posts: 25,074
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 25,074
williamsburg ks
I am selling this place. Sits on the Arkansas River. Less than 100 yards to world class trout fishing. White water rafting. Monarch Ski resort less than an hour away, Royal Gorge a half hour away, Great Sand Dunes National Park a little over an hour away. San Isabel National forest minutes away and tens of thousands of acres of BLM in the area. Big Horn sheep, Elk, Deer, Lion and Bear hunting. General store with gas 1/4 mile away. VERY small community in rural Colorado half way between the cities of Canon city and Salida. Water is from a natural Spring I have a title for. Cotopaxi CO.

https://www.zillow.com/homedetails/231-County-Road-51-Cotopaxi-CO-81223/246138912_zpid/


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: My housing prediction [Re: jbyrd63] #7618428
07/03/22 11:35 AM
07/03/22 11:35 AM
Joined: Mar 2016
Posts: 1,055
PA
CoonsBane Offline
trapper
CoonsBane  Offline
trapper

Joined: Mar 2016
Posts: 1,055
PA
The Kentucky Oracle spouts off again.

Re: My housing prediction [Re: Providence Farm] #7618435
07/03/22 11:49 AM
07/03/22 11:49 AM
Joined: Jan 2014
Posts: 14,887
Central Oregon
AntiGov Offline
trapper
AntiGov  Offline
trapper

Joined: Jan 2014
Posts: 14,887
Central Oregon
Originally Posted by Providence Farm
So how low will building materials go and when will the Lowes point be? I need to build a building .

X2


Report a post club - Non member


Re: My housing prediction [Re: WANNABE-TRAPPER] #7618463
07/03/22 12:51 PM
07/03/22 12:51 PM
Joined: Feb 2014
Posts: 10,212
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 10,212
Ky
Originally Posted by WANNABE-TRAPPER
Did you read this?
The areas you are talking about are the most expensive areas of the country. 50-100k are only a couple% in those areas. And rates are higher so it’s only a couple percentage change. Not exactly buying bitcoin at $1.40


Yes I did . That's why my prediction was September for the rest of the country !!!

Patience grasshopper....

Re: My housing prediction [Re: Providence Farm] #7618466
07/03/22 12:56 PM
07/03/22 12:56 PM
Joined: Feb 2014
Posts: 10,212
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 10,212
Ky
Originally Posted by Providence Farm
So how low will building materials go and when will the Lowes point be? I need to build a building .


The trickle down effect will hit lumber and materials by November. Mark it down !!! Keep doubting .... Just like the bitcoin king that goes by 49.... Hows that looking to date 49 er. Even using percentage it's a LOOOONG way from 100,000 LOl LOL LOL LOL

Re: My housing prediction [Re: jbyrd63] #7618478
07/03/22 01:10 PM
07/03/22 01:10 PM
Joined: Mar 2007
Posts: 33,678
McGrath, AK
W
white17 Online content

"General (Mr.Sunshine) Washington"
white17  Online Content

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,678
McGrath, AK
Lumber is already down by about 40%. Likely to continue dropping IMO. I would be surprised however, to see it below 550 a thousand but it's possible if we get into a significant recession


Mean As Nails
Re: My housing prediction [Re: jbyrd63] #7618501
07/03/22 02:24 PM
07/03/22 02:24 PM
Joined: Feb 2014
Posts: 10,212
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 10,212
Ky
No this prediction was a no brainer. Just look back in history. The big housing market crash was an indirect result of 4 buck a gal gas. This time we have High gas ,high groceries, high EVERYTHING. Average worker that is the backbone of this nation just can't keep paying . I'm amazed at the people and lot on here say "high interest rates" REALLY 5 % is high? How old are you. It was 8 % in 96 when I bought the house I'm in now. In the early 80"s it was 18 % !!!! Yes 5 is higher than 3 but this nation grew with 7- 10 % interest..

Re: My housing prediction [Re: white17] #7618502
07/03/22 02:25 PM
07/03/22 02:25 PM
Joined: Feb 2014
Posts: 10,212
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 10,212
Ky
Originally Posted by white17
Lumber is already down by about 40%. Likely to continue dropping IMO. I would be surprised however, to see it below 550 a thousand but it's possible if we get into a significant recession


See ! LOL

Re: My housing prediction [Re: jbyrd63] #7618518
07/03/22 02:52 PM
07/03/22 02:52 PM
Joined: Dec 2006
Posts: 25,074
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 25,074
williamsburg ks
Last time gas hit 4 bucks nobody was working. Banks had been forced to loan money to people they knew were high risk . They were unable to pay. Today there are more jobs than people to fill them


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: My housing prediction [Re: jbyrd63] #7618525
07/03/22 03:04 PM
07/03/22 03:04 PM
Joined: Oct 2020
Posts: 997
IL
I
ILcooner Offline
trapper
ILcooner  Offline
trapper
I

Joined: Oct 2020
Posts: 997
IL
no mortgage and no worries here!

Re: My housing prediction [Re: CoonsBane] #7618526
07/03/22 03:04 PM
07/03/22 03:04 PM
Joined: Oct 2020
Posts: 997
IL
I
ILcooner Offline
trapper
ILcooner  Offline
trapper
I

Joined: Oct 2020
Posts: 997
IL
Originally Posted by CoonsBane
The Kentucky Oracle spouts off again.


HAHAHAHAHAHA!

Re: My housing prediction [Re: jbyrd63] #7618546
07/03/22 03:28 PM
07/03/22 03:28 PM
Joined: Dec 2006
Posts: 1,052
Sugar Grove, WV
J
JTfromWV Offline
trapper
JTfromWV  Offline
trapper
J

Joined: Dec 2006
Posts: 1,052
Sugar Grove, WV
Originally Posted by jbyrd63
No this prediction was a no brainer.

Most of us are in agreement that a brain was not involved.

Re: My housing prediction [Re: jbyrd63] #7618547
07/03/22 03:31 PM
07/03/22 03:31 PM
Joined: May 2010
Posts: 9,153
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 9,153
mn north of blakely
Jbyrd if you think gas prices caused the housing market crash in 08 you better stay out of the shallow end and go to the kiddie pool. You honestly think the housing crash 8n 08 was an 8ndirect result of higher gas prices?


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: My housing prediction [Re: JTfromWV] #7618548
07/03/22 03:32 PM
07/03/22 03:32 PM
Joined: May 2010
Posts: 9,153
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 9,153
mn north of blakely
Originally Posted by JTfromWV
Originally Posted by jbyrd63
No this prediction was a no brainer.

Most of us are in agreement that a brain was not involved.


Lol.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: My housing prediction [Re: jbyrd63] #7618551
07/03/22 03:35 PM
07/03/22 03:35 PM
Joined: Dec 2006
Posts: 17,974
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 17,974
Sandhills Nebraska
All the little byrdies go tweet tweet tweet....listen to the robyn go cheep cheep cheep.


Life ain't supposed to be easy.
Re: My housing prediction [Re: jbyrd63] #7618552
07/03/22 03:37 PM
07/03/22 03:37 PM
Joined: Jan 2014
Posts: 16,979
North East Kansas
Marty Offline
trapper
Marty  Offline
trapper

Joined: Jan 2014
Posts: 16,979
North East Kansas
everything may crash.



E
Re: My housing prediction [Re: jbyrd63] #7618565
07/03/22 03:51 PM
07/03/22 03:51 PM
Joined: May 2010
Posts: 9,153
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 9,153
mn north of blakely
No doubt


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: My housing prediction [Re: Steven 49er] #7618571
07/03/22 04:00 PM
07/03/22 04:00 PM
Joined: Feb 2014
Posts: 10,212
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 10,212
Ky
Originally Posted by Steven 49er
Jbyrd if you think gas prices caused the housing market crash in 08 you better stay out of the shallow end and go to the kiddie pool. You honestly think the housing crash 8n 08 was an 8ndirect result of higher gas prices?

I said indirectly. Why couldn’t people pay their mortgages? Fuel prices triggered high cost of living plus a slow down in the housing market Prices dropped as a surplus of houses rose. Yes people lost there jobs adding to the perfect storm The job lost was tied to the jump in fuel cost
Anyone notice the story last week about massive lay offs from companies that stocks have dropped? Keep making fun of my comments just revisit them in about 3-4 months ..,

Re: My housing prediction [Re: jbyrd63] #7618587
07/03/22 04:21 PM
07/03/22 04:21 PM
Joined: Oct 2017
Posts: 5,373
perry co.Pa
wetdog Offline
trapper
wetdog  Offline
trapper

Joined: Oct 2017
Posts: 5,373
perry co.Pa
Originally Posted by jbyrd63
Originally Posted by Steven 49er
Jbyrd if you think gas prices caused the housing market crash in 08 you better stay out of the shallow end and go to the kiddie pool. You honestly think the housing crash 8n 08 was an 8ndirect result of higher gas prices?

I said indirectly. Why couldn’t people pay their mortgages? Fuel prices triggered high cost of living plus a slow down in the housing market Prices dropped as a surplus of houses rose. Yes people lost there jobs adding to the perfect storm The job lost was tied to the jump in fuel cost
Anyone notice the story last week about massive lay offs from companies that stocks have dropped? Keep making fun of my comments just revisit them in about 3-4 months ..,

O Great and Powerful OZ
Tell us mere mortals what we must do. Lol Lol Lol

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