Is a Recession Looming?

[Captain Crawfish]

The "Bear" will awake from hibernation soon. Every attempted rally will be sold into. Dead cats only bounce so high lol

[racrguy]

I think an increase in rates wouldn't necessarily be a bad thing. Might put a damper on all of these ridiculous housing prices here lately.

[Cooter]

I think after they start raising rates we'll get a mild recession. If the ten year goes to 3.0% it will destroy housing. They are going to have to let housing tank and then give it some time to recover at more sustainable rates.

FML, I want housing to hit hot rock mode

almost pulled the trigger on something, but probably going to sit back and try to hold out til spring or so. I might could wait a year, but I'm fucking itching for something else

[racrguy]

You'll find the market to look better for buying soon.

But will the increase in rates make it actually any cheaper than it is now with high prices and low rates?

[Cooter]

But will the increase in rates make it actually any cheaper than it is now with high prices and low rates?

C.R.E.A.M.

Cowskin Rugs Errday Allday Motherfucker!!!

(it will be a cash-heavy purchase)

[YALE]

Even if you were going to put 10-20% down, payments to principle always knock down the real cost of interest. That's what you should be shooting for, Sean.

[bubbaearl]

rates go up my payment goes down so a hike wont be all that bad . sooner or later they will have to do it . reality is they have fucked up our economy so bad they dont know how to fix it.
i look on these forums to see if there is a glimmer of hope that the younger folks are getting fed up and fired up . i look at our 11 year old godson and wonder how heavy the load will be for him. if he stays on the farm he will survive , if he goes another direction i just dont know. sucks getting old and loosing your perspective on things.
you young guys get this shit figured out and fix it . imho we are going to get a taste of 29 soon .

[Ruffdaddy]

Right. Using this idle time to build that big down payment. I don't think the rate to price ratio will be consistent, though. I believe prices might drop faster than the rates will increase. Maybe not at first, but give it a minute.

Prices will probably surge on the first few increases. Then you will see just how much investment inventory gets dumped into the market, and itll all come falling.

[YALE]

rates go up my payment goes down so a hike wont be all that bad . sooner or later they will have to do it . reality is they have fucked up our economy so bad they dont know how to fix it.
i look on these forums to see if there is a glimmer of hope that the younger folks are getting fed up and fired up . i look at our 11 year old godson and wonder how heavy the load will be for him. if he stays on the farm he will survive , if he goes another direction i just dont know. sucks getting old and loosing your perspective on things.
you young guys get this shit figured out and fix it . imho we are going to get a taste of 29 soon .

How do your rates going up make your payment go down?

[bubbaearl]

land bank . the better their profit the better for me. we pay on average 10 payments a year. on a good year 9 . so if their rates go up my return goes up .
works for me . my rate is locked .

[YALE]

land bank . the better their profit the better for me. we pay on average 10 payments a year. on a good year 9 . so if their rates go up my return goes up .
works for me . my rate is locked .

So you have investment income that relies on interest rates, and a fixed rate mortgage? I still don't understand what you're saying.

[slow99]

I still don't understand what you're saying.

That makes 3 of us.

[bubbaearl]

texas land bank which is a coop. one of the few ways to finance land without improvements . to get a loan you buy shares at closing and each year you get a return . we end up paying 9-10 payments a year. beats the hell out of the fha loans i've had. our best year was 3 1/2 payments .

[YALE]

I see now. Thanks for clarifying.

[bubbaearl]

that's 3 1/2 paid by dividends not total.