study the fed and how they halted then lowered rates in 2007/2008
look at the rate pattern now in 2023/2024
very similar but right now no one is selling their homes.
market is under supplied more then 2007/2008
you have to guess if that will make a difference this time.
I am in your boat as I want to sell and buy in 2025. Kind of nervous.
Topic: It's starting to feel like 2008 all over again... - page 2. (Read 282 times)
2008 I read about it crashing in the March before it had actually been realized by most. After reading I didnt appreciate fully and carried on not recognizing the scenario was true to life and unfolding still.
Someone explained all the details of the bad debt and how some of this debt was being used by banks as core capital or tier 1 which amplified the destruction. I now hopefully would better reconfigure how losses can spread but this isnt a new process, go back and read about LTCM which was in 90's.
Quarter century ago still relates to events now, the main factor in 2008 was probably government and I would state that for the future problems as the majority of housing debt is government backed in USA at least not sure on other countries. The debt market for governments would be the centre of anything as big as 2008, I dont currently have us as in that scenario nor have I read it as a toted 'scenario'.
Someone explained all the details of the bad debt and how some of this debt was being used by banks as core capital or tier 1 which amplified the destruction. I now hopefully would better reconfigure how losses can spread but this isnt a new process, go back and read about LTCM which was in 90's.
Quarter century ago still relates to events now, the main factor in 2008 was probably government and I would state that for the future problems as the majority of housing debt is government backed in USA at least not sure on other countries. The debt market for governments would be the centre of anything as big as 2008, I dont currently have us as in that scenario nor have I read it as a toted 'scenario'.
Do you guys think history will repeat itself?
Or are banks smarter now and won't repeat the same mistake as 2008?
They might be smarter now but no one knows what might happen to them. Lehman brothers seem to be good before the great depression came on 2008. So, no one really knows what's coming for them or they know what's coming but they'll freely just to accept the fate that's going to come.Or are banks smarter now and won't repeat the same mistake as 2008?
Basically, my question is, do you think the housing market is going to pop again?
You mean the housing bubble? I guess so, crazy what the housing market has been nowadays. It's truly expensive to own a house now, mortgage or even do it with cash, that's a lot of bubble where it has came from a decade ago.My wife and I are looking to buy a house one day, and as someone who is renting, this is very intimidating with the way the market is...
I know right, before, even someone who works for a factory or even a fastfood restaurant can avail to pay mortgage and avail a house. Now, even with 3 jobs, you barely can get one. I think this thread suits more in the Economics.
bubble popping? Idunno man.
A good buddy of mine said the exact same thing, in the same way too.
Do you guys think history will repeat itself?
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it turned peoples lives upside down.
It caused my father to lose his business. We lost our house. My parents ended up getting divorced over financial problems. A 25+ year marriage in shambles over something as retarded as fiat currency. I was only a young child that could sit back and watch. Couldn't do anything about the situation.
Fuck banks, and fuck fiat. For real.
Do you guys think history will repeat itself?
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2008 was rough, no doubt and all those foreclosures and short sales - it turned peoples lives upside down. And, whos to say it couldnt happen again? Banks might be playin it safer nowadays but greed finds a way, right?
Still, from where I sit, things feel different this time. Home prices have been inching up for years without some huge jumps. Maybe this climb is the new normal. Regulations got tightened up so banks aint handin out crazy loans no more. So Im cautiously optimistic.
But heck your guess is as good as mine! If you buy and prices keep rising, you did good. But if theres another crash, well... you might end up slammed with a fat mortgage on a house worth squat.
So should you buy or not? Im not gonna fake like I got some magic answer. Maybe itll be the best decision you ever make or maybe itll kick you in the behind. Only time gonna tell and Im just sayin either way, its a gamble!
I'm not really an expert on real estate markets so take what I say with a grain of salt — but it's hard to think of a real estate/housing collapse if the USD(and most currencies) are just inflating and inflating and inflating in supply. Sure we might see market-wide drops at some time, but a bubble popping? Idunno man.
Do you guys think history will repeat itself?
Or are banks smarter now and won't repeat the same mistake as 2008?
Basically, my question is, do you think the housing market is going to pop again?
My wife and I are looking to buy a house one day, and as someone who is renting, this is very intimidating with the way the market is...
Thanks 🧡.
Or are banks smarter now and won't repeat the same mistake as 2008?
Basically, my question is, do you think the housing market is going to pop again?
My wife and I are looking to buy a house one day, and as someone who is renting, this is very intimidating with the way the market is...
Thanks 🧡.
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