Real estate crisis coming soon?

**slapass** · 03-23-2020, 02:16 PM

It was Wall Street last time. I wonder if they wished they had hit the door?

**trevesty** · 03-23-2020, 02:34 PM

I doubt that'll happen. https://www.housingwire.com/articles...avirus-crisis/

**mce** · 03-23-2020, 04:35 PM

Originally posted by slapass

It was Wall Street last time. I wonder if they wished they had hit the door?

You may be on to something. The smart money (hedge funds) are currently liquid-at least the ones who are forced to report are...

They might be splitting their bucks between stocks and other asset classes though

Not sure if there's enough to bail out the possible implosion in inflated real estate markets

Who will be hardest hit?

If 2008 is any indication

Las Vegas
LA
San Fran

**slapass** · 03-23-2020, 05:57 PM

We are not growing with our birth rate. Add in we are shutting down immigration. Then wipe out a bunch of people. Real estate might be ugly for years to come.

**Biggie Smalls Web Writing** · 03-23-2020, 08:53 PM

It's about time

**lock** · 03-23-2020, 11:41 PM

I saw longest line of people lined up for unemployment benefit could see their desperation rather sad. I felt bad as went to pizza shop I crossed road so i didn't look like only ass that can afford take away.

**adultinnovation** · 03-24-2020, 12:30 AM

if you have money to spend then you can buy great properties when the housing market collapses like it did back 2008+

I bought a foreclosed condo during the last collapse than for $28,000.. sold it for $65,000 4 years later.. Foreclosures were everywhere cheap as dirt.

I know a guy who bought a 1500+ sq foot condo for $65,000 and sold it a few years later for $118,000. Real estate is the best industry to make real $ in.. Not porn

**Diomed** · 03-24-2020, 02:20 AM

You've been making these threads for over a year..

**Rochard** · 03-24-2020, 07:52 AM

Originally posted by adultinnovation

if you have money to spend then you can buy great properties when the housing market collapses like it did back 2008+

I bought a foreclosed condo during the last collapse than for $28,000.. sold it for $65,000 4 years later.. Foreclosures were everywhere cheap as dirt.

I know a guy who bought a 1500+ sq foot condo for $65,000 and sold it a few years later for $118,000. Real estate is the best industry to make real $ in.. Not porn

This is what we did... We bought a condo for $50k a few blocks from our house. We rented it out to a friend for a few years, then sold it and made a ton of cash and rolled that into another condo in Hawaii...

**clickconductor** · 03-24-2020, 08:06 AM

2cts coming from someone that experienced 2000 and 2008 crisis:
this is not a financial crisis like 2008, it's a pause button for the entire economy, but fundamentals are healthy, ie it will bounce back without crushing the real estate

**emmasexytime** · 03-29-2020, 03:56 AM

Originally posted by adultinnovation

if you have money to spend then you can buy great properties when the housing market collapses like it did back 2008+

I bought a foreclosed condo during the last collapse than for $28,000.. sold it for $65,000 4 years later.. Foreclosures were everywhere cheap as dirt.

I know a guy who bought a 1500+ sq foot condo for $65,000 and sold it a few years later for $118,000. Real estate is the best industry to make real $ in.. Not porn

your not doing porn right then

**tonyparra** · 03-29-2020, 09:27 AM

I work in a high cash flow market for investors, they are already dropping like flies. Most of these guys were using financing.

**Forest** · 03-29-2020, 09:55 AM

I bought 4 houses in the last crash. I have one left. Wish I had gotten rid of it last year. Not going to be able to off load it for a while now.

**The Porn Nerd** · 03-29-2020, 10:41 AM

Governors are talking about issuing a 3 month break from paying mortgages. This would help millions of Americans (myself included)! Simply put those 3 months at the end of the loan - done!

I am hoping for this big time.

Real estate crisis coming soon?

Real estate crisis coming soon?

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