100% agree. I can see a lot of pain for people who bought cars and homes well

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Jan 24, 2022
10:30:24am

Ycrazy All-American

100% agree. I can see a lot of pain for people who bought cars and homes well

over their market value. I hope I am wrong, but it is a cycle that has repeated itself so many times and should have happened a while ago but govt spending, fed buying up bonds "easing" have delayed this next step. I hope I am wrong but economic history is pretty clear.

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Ycrazy

Bio page: Ycrazy
Joined: Apr 14, 2011
Last login: May 10, 2024
Total posts: 8,617 (6 FO)

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Messages

Author

Time

One thing I'm seeing happen right now, probably precipitated from the market turning, is the labor market is loosening.

CSoul Intervention Needed

1/24/22 10:04am

I think we’re heading into a downturn. Hope it’s not severe, but I could see it

stenso

1/24/22 10:13am

You think!! This has been going on for six months, with no end in site.

delete_king

1/24/22 10:37am

I keep saying “Get your houses in order”. PS- I keep getting mocked and told that this time it’s different. Guess what,

BR549

1/24/22 10:23am

100% agree. I can see a lot of pain for people who bought cars and homes well

Ycrazy

1/24/22 10:30am

No pain IF you paid cash like the smart people.

grandpacoug

1/24/22 10:53am

Smart people pay cash for a house?

Odysseus

1/24/22 10:58am

At my age, yes...& cars.

grandpacoug

1/24/22 11:07am

"It's different because there are no bad loans being given."

crack

1/24/22 10:38am

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