Is living in Florida expensive because all the houses and condos keep disappearing down sinkholes?

[Biggie Smiles]

In other news

admin is still sucking cock at least twice a day

 

[Admin.]

In other news

admin is still sucking cock at least twice a day

Hey tell me some more stories about the olden days when Oak did this one thing, and I did some other thing, on that one forum that you hate and don't care about in the least, and have never been a member of?

 

[Biggie Smiles]

In other news

admin is still sucking cock at least twice a day

Hey tell me some more stories about the olden days when Oak did this one thing, and I did some other thing, on that one forum that you hate and don't care about in the least, and have never been a member of?

Is this whole standing by being a coward thing making you feel moist right now?

 

[Joe]

A friend of mine is currently house shopping in the San Carlos to Burlingame area and prices are unreal. He got pre-approved for $3.7 million in a loan yet pickings are slim at that price and we aren't even talking about very nice homes. I told him he could do much better buying in Granite Bay (greater Sacramento area) since he can work from home four days a week but he is a typical bay area snob and claims only losers would live there.

Thing is @Oerdin, how are people gonna be able to afford those mortgages & pay back those loans? Same thing is happening in Canada too. For a while after the 2008 financial crisis the banks here required 25% down. But now that things are hopping in the real estate market it's as low as 4%. And just like California they're plunking down these tiny down payments on million dollar mortgages for 1 br condos in Vancouver.

I kinda think they're setting themselves up for another financial crisis and another crash. Kinda like the Japanese real estate bust of the 1990s. All this speculation is built on debt but it's not in just 1 market. It's everywhere right now. The whole world. And they're throwing good money after bad. Even shitty stuff is going for a tidy sum.

So unless someone intends to hoard it & keep it all to themselves I don't see how this situation can continue. I remember in the 1970s something similar happened but it also resulted in a huge bust around 1982. There was a massive crescendo of activity, double digit inflation/interest rates. There was a lotta house flipping too. But eventually greed got the better of many investors, somebody got holding the bag. And people ened up walking away from their homes with others willing to pick them up for $1 in the 1980s. Foreclosure became common.

What do you think where it's headed?

How long will or can this last?

 

[Oerdin]

My friend works in investment banking and his wife is a legal aid. They make about $500k a year and they already own one home in San Carlos which they plan to turn into a rental. They are fine unless he loses his job. The bay area has a lot of people like that. The main problem is they haven't made enough homes to keep up with demand for the last half century.

Everyone who can't play that game is gone from the bay area except for the lowest class welfare queens. There is no middle class there any more.

 

[Biggie Smiles]

My friend works in investment banking and his wife is a legal aid. They make about $500k a year and they already own one home in San Carlos which they plan to turn into a rental. They are fine unless he loses his job. The bay area has a lot of people like that. The main problem is they haven't made enough homes to keep up with demand for the last half century.

Everyone who can't play that game is gone from the bay area except for the lowest class welfare queens. There is no middle class there any more.

And that’s exactly who liberal vermin want it

 

[Joe]

My friend works in investment banking and his wife is a legal aid. They make about $500k a year and they already own one home in San Carlos which they plan to turn into a rental. They are fine unless he loses his job. The bay area has a lot of people like that. The main problem is they haven't made enough homes to keep up with demand for the last half century.

Everyone who can't play that game is gone from the bay area except for the lowest class welfare queens. There is no middle class there any more.

I think there'll eventually be lot of foreclosures because the ones who can't afford to hang on to those homes will forced to relinquish them when the banks repossess them.

So if you have any spare cash lying around you'll be in a good position to scoop up underwater assets.

Anyways that's what I see comin.

When people buy high at the top of the market it foreshadows a correction & they get burned.

 

[Joe]

My friend works in investment banking and his wife is a legal aid. They make about $500k a year and they already own one home in San Carlos which they plan to turn into a rental. They are fine unless he loses his job. The bay area has a lot of people like that. The main problem is they haven't made enough homes to keep up with demand for the last half century.

Everyone who can't play that game is gone from the bay area except for the lowest class welfare queens. There is no middle class there any more.

And that’s exactly who liberal vermin want it

The banks most of all are encouraging all this manic buying Bigly.

And maybe they don't care if it crashes cuz their plan is to cash in when the going is good & even when the market goes sour.

Either way the banks win. They know a lot of those buyers can't afford to hang on to those homes but they don't care if there's a crash. I wager they are counting on a Lotta foreclosures at some point. Theyll just repossess those homes and resell them at a future date.

For the banks it's just a profit loss scenario. Benefits outweigh the costs for them.

So credit is easy right now so long as the money is comin in the profits are overflowing.

Then they'll tighten the noose around many borrowers necks when times get tough again and then access to credit will also become more difficult

 

[Admin.]

Sometimes a new perspective puts everything into perspective.

Bonus question, What state was host to the largest mass killing at a gay night club?

 

[Oerdin]

You mean the gay Muslim "refugee" that you scum let in?

 

[LotusBud]

A friend of mine is currently house shopping in the San Carlos to Burlingame area and prices are unreal. He got pre-approved for $3.7 million in a loan yet pickings are slim at that price and we aren't even talking about very nice homes. I told him he could do much better buying in Granite Bay (greater Sacramento area) since he can work from home four days a week but he is a typical bay area snob and claims only losers would live there.

Thing is @Oerdin, how are people gonna be able to afford those mortgages & pay back those loans? Same thing is happening in Canada too. For a while after the 2008 financial crisis the banks here required 25% down. But now that things are hopping in the real estate market it's as low as 4%. And just like California they're plunking down these tiny down payments on million dollar mortgages for 1 br condos in Vancouver.

I kinda think they're setting themselves up for another financial crisis and another crash. Kinda like the Japanese real estate bust of the 1990s. All this speculation is built on debt but it's not in just 1 market. It's everywhere right now. The whole world. And they're throwing good money after bad. Even shitty stuff is going for a tidy sum.

So unless someone intends to hoard it & keep it all to themselves I don't see how this situation can continue. I remember in the 1970s something similar happened but it also resulted in a huge bust around 1982. There was a massive crescendo of activity, double digit inflation/interest rates. There was a lotta house flipping too. But eventually greed got the better of many investors, somebody got holding the bag. And people ened up walking away from their homes with others willing to pick them up for $1 in the 1980s. Foreclosure became common.

What do you think where it's headed?

How long will or can this last?

There will definitely be another financial crisis, and this one will be worse. But there will be even more billionaires, and they will all be happy, so they don't give a fuck.

 

[Joe]

A friend of mine is currently house shopping in the San Carlos to Burlingame area and prices are unreal. He got pre-approved for $3.7 million in a loan yet pickings are slim at that price and we aren't even talking about very nice homes. I told him he could do much better buying in Granite Bay (greater Sacramento area) since he can work from home four days a week but he is a typical bay area snob and claims only losers would live there.

Thing is @Oerdin, how are people gonna be able to afford those mortgages & pay back those loans? Same thing is happening in Canada too. For a while after the 2008 financial crisis the banks here required 25% down. But now that things are hopping in the real estate market it's as low as 4%. And just like California they're plunking down these tiny down payments on million dollar mortgages for 1 br condos in Vancouver.

I kinda think they're setting themselves up for another financial crisis and another crash. Kinda like the Japanese real estate bust of the 1990s. All this speculation is built on debt but it's not in just 1 market. It's everywhere right now. The whole world. And they're throwing good money after bad. Even shitty stuff is going for a tidy sum.

So unless someone intends to hoard it & keep it all to themselves I don't see how this situation can continue. I remember in the 1970s something similar happened but it also resulted in a huge bust around 1982. There was a massive crescendo of activity, double digit inflation/interest rates. There was a lotta house flipping too. But eventually greed got the better of many investors, somebody got holding the bag. And people ened up walking away from their homes with others willing to pick them up for $1 in the 1980s. Foreclosure became common.

What do you think where it's headed?

How long will or can this last?

There will definitely be another financial crisis, and this one will be worse. But there will be even more billionaires, and they will all be happy, so they don't give a fuck.

The banks don't seem to care.

They 'chide' consumers for borrowing 'too much', but then turn around with a smirk by lowering borrowing requirements & providing them with more easy credit so they can drive themselves into debt even more. So I think their big prize is real estate cuz the higher the home prices, the more debt consumers will take on which means more business and revenues for the bank. And like you say if it all goes to shit, the banks and wall Street ask the guv to bail them out which they do.

And all those houses are owned by the banks anyway but they let the would be buyer get a taste of 'home ownership' for a while until they can't afford to make the payments at which point the bank will just repossess the assets they owned anyways.

It's all in the plan they know what they're doing. Of course it's the consumer whom the banks claim they have the best interests who get screwed.

 

[LotusBud]

A friend of mine is currently house shopping in the San Carlos to Burlingame area and prices are unreal. He got pre-approved for $3.7 million in a loan yet pickings are slim at that price and we aren't even talking about very nice homes. I told him he could do much better buying in Granite Bay (greater Sacramento area) since he can work from home four days a week but he is a typical bay area snob and claims only losers would live there.

Thing is @Oerdin, how are people gonna be able to afford those mortgages & pay back those loans? Same thing is happening in Canada too. For a while after the 2008 financial crisis the banks here required 25% down. But now that things are hopping in the real estate market it's as low as 4%. And just like California they're plunking down these tiny down payments on million dollar mortgages for 1 br condos in Vancouver.

I kinda think they're setting themselves up for another financial crisis and another crash. Kinda like the Japanese real estate bust of the 1990s. All this speculation is built on debt but it's not in just 1 market. It's everywhere right now. The whole world. And they're throwing good money after bad. Even shitty stuff is going for a tidy sum.

So unless someone intends to hoard it & keep it all to themselves I don't see how this situation can continue. I remember in the 1970s something similar happened but it also resulted in a huge bust around 1982. There was a massive crescendo of activity, double digit inflation/interest rates. There was a lotta house flipping too. But eventually greed got the better of many investors, somebody got holding the bag. And people ened up walking away from their homes with others willing to pick them up for $1 in the 1980s. Foreclosure became common.

What do you think where it's headed?

How long will or can this last?

There will definitely be another financial crisis, and this one will be worse. But there will be even more billionaires, and they will all be happy, so they don't give a fuck.

The banks don't seem to care.

They 'chide' consumers for borrowing 'too much', but then turn around with a smirk by lowering borrowing requirements & providing them with more easy credit so they can drive themselves into debt even more. So I think their big prize is real estate cuz the higher the home prices, the more debt consumers will take on which means more business and revenues for the bank. And like you say if it all goes to shit, the banks and wall Street ask the guv to bail them out which they do.

And all those houses are owned by the banks anyway but they let the would be buyer get a taste of 'home ownership' for a while until they can't afford to make the payments at which point the bank will just repossess the assets they owned anyways.

It's all in the plan they know what they're doing. Of course it's the consumer whom the banks claim they have the best interests who get screwed.

It's a game to them. They do not care about people's lives at all. They care about enriching themselves, and the destruction they cause is meaningless.

 

[Joe]

A friend of mine is currently house shopping in the San Carlos to Burlingame area and prices are unreal. He got pre-approved for $3.7 million in a loan yet pickings are slim at that price and we aren't even talking about very nice homes. I told him he could do much better buying in Granite Bay (greater Sacramento area) since he can work from home four days a week but he is a typical bay area snob and claims only losers would live there.

Thing is @Oerdin, how are people gonna be able to afford those mortgages & pay back those loans? Same thing is happening in Canada too. For a while after the 2008 financial crisis the banks here required 25% down. But now that things are hopping in the real estate market it's as low as 4%. And just like California they're plunking down these tiny down payments on million dollar mortgages for 1 br condos in Vancouver.

I kinda think they're setting themselves up for another financial crisis and another crash. Kinda like the Japanese real estate bust of the 1990s. All this speculation is built on debt but it's not in just 1 market. It's everywhere right now. The whole world. And they're throwing good money after bad. Even shitty stuff is going for a tidy sum.

So unless someone intends to hoard it & keep it all to themselves I don't see how this situation can continue. I remember in the 1970s something similar happened but it also resulted in a huge bust around 1982. There was a massive crescendo of activity, double digit inflation/interest rates. There was a lotta house flipping too. But eventually greed got the better of many investors, somebody got holding the bag. And people ened up walking away from their homes with others willing to pick them up for $1 in the 1980s. Foreclosure became common.

What do you think where it's headed?

How long will or can this last?

There will definitely be another financial crisis, and this one will be worse. But there will be even more billionaires, and they will all be happy, so they don't give a fuck.

The banks don't seem to care.

They 'chide' consumers for borrowing 'too much', but then turn around with a smirk by lowering borrowing requirements & providing them with more easy credit so they can drive themselves into debt even more. So I think their big prize is real estate cuz the higher the home prices, the more debt consumers will take on which means more business and revenues for the bank. And like you say if it all goes to shit, the banks and wall Street ask the guv to bail them out which they do.

And all those houses are owned by the banks anyway but they let the would be buyer get a taste of 'home ownership' for a while until they can't afford to make the payments at which point the bank will just repossess the assets they owned anyways.

It's all in the plan they know what they're doing. Of course it's the consumer whom the banks claim they have the best interests who get screwed.

It's a game to them. They do not care about people's lives at all. They care about enriching themselves, and the destruction they cause is meaningless.

And other thing I notice is when things take a turn for the worse & real estate/stocks tank, the sellers, banks & stock market always say shit like " Don't buy now! Things are really bad! It's terrible out there! Chicken little the sky is falling! It's a really bad time to buy! It will never go back up at this point. OMG - the world is coming to an end!"

And of course the reason they say that when times are bad is because they can't make any money from you if you purchase their assets at depressed fireside prices. That's why they tell you to buy when things look better or they recover so they can make money when prices are higher.

Any event it would be a foolish time to buy real estate if you don't need to right now because home prices are at an all time high/peak which signals a fall sometime in the future.

You know what they say about "Buy low, and sell high."

 

[The Prowler]

I think most people here are lucky enough to be at an age where we own our houses.

You must have bought your house when the market was low, right Liar @Joe? You seem to have a good handle on this stuff...

 

[LotusBud]

I think most people here are lucky enough to be at an age where we own our houses.

You must have bought your house when the market was low, right Liar @Joe? You seem to have a good handle on this stuff...

So as long as you're good, you don't care?

 

[The Prowler]

So as long as you're good, you don't care?

Where did you read that?

 

[LotusBud]

So as long as you're good, you don't care?

Where did you read that?

I posed a question, didn't I?

 

[The Prowler]

I posed a question, didn't I?

You began the question with the word "So". Which indicates that you thought that I implied what follows "So"; which was "as long as you're good, you don't care".

In other words, you formed your question in a way that insinuates that I suggested that "As long as I am good, I don't care."

Definition of "so"

conjunction

1. 1.
   and for this reason; therefore.
   "it was still painful so I went to see a specialist"
   • 
     
2. 2.
   with the aim that; in order that.
   "they whisper to each other so that no one else can hear"

 

[LotusBud]

I posed a question, didn't I?

You began the question with the word "So". Which indicates that you thought that I implied what follows "So"; which was "as long as you're good, you don't care".

In other words, you formed your question in a way that insinuates that I suggested that "As long as I am good, I don't care."

Definition of "so"

conjunction

1. 1.
   and for this reason; therefore.
   "it was still painful so I went to see a specialist"
2. 2.
   with the aim that; in order that.
   "they whisper to each other so that no one else can hear"

Wow. That explains everything.

LMAO

 

[Seamajor]

In other news

admin is still sucking cock at least twice a day

By now, it’s no secret. Stubbys favorite past times, suck and cock.

 

[Biggie Smiles]

And the pedophiles favorite pastime is biting my ankles.

when he’s not too busy raping kids of course

 

[Seamajor]

We told ya 100 times. None of us can get down that low. Try remembering

 

[Biggie Smiles]

Seamajor is 4ft 9” according to the pictures he posted standing in his cheaply constructed bathroom

lol.

maybe that’s why he rapes kids? Cause he’s about as tall as one?

 

[Seamajor]

Can’t you read Stubby? Your smallish reputation has followed you all over the internet

 

[Biggie Smiles]

Sigh. The 4ft 8” pedophile from costa rapeage doesn’t understand.

 

[LotusBud]

Sigh. The 4ft 8” pedophile from costa rapeage doesn’t understand.

You think you're hot shit because you're 5'2"?

 

[Biggie Smiles]

Sigh. The 4ft 8” pedophile from costa rapeage doesn’t understand.

You think you're hot shit because you're 5'2"?

Sigh. The 4ft 8” pedophile from costa rapeage doesn’t understand.

You think you're hot shit because you're 5'2"?

5' 9", idiot

saying.

 

[Lokmar]

Sometimes a new perspective puts everything into perspective.

Bonus question, What state was host to the largest mass killing at a gay night club?

You say that like its a bad thing. Its a bummer tho that the perp was a gay muhzie.

 

[Seamajor]

Sigh. The 4ft 8” pedophile from costa rapeage doesn’t understand.

You think you're hot shit because you're 5'2"?

Sigh. The 4ft 8” pedophile from costa rapeage doesn’t understand.

You think you're hot shit because you're 5'2"?

5' 9", idiot

saying.

Try 4’3” Stubby. Short and filled out.