Cringed listening to chatter in an Austin salon of young hairdressers discussing real estate purchases in October. Some had multiple rentals and some were flippers. It reminded me of 2006 and hearing stories of Florida pole dancers owning multiple homes for investment....
One interesting graph is the show hombuilder sentiment index ( bad) vs Homebuiliding stocks relative to spx and note that this is a very strange divergence with the former plunging the the later soaring.
Almost like home price appreciation the last two decades were a function of artificially depressed interest rates
Cringed listening to chatter in an Austin salon of young hairdressers discussing real estate purchases in October. Some had multiple rentals and some were flippers. It reminded me of 2006 and hearing stories of Florida pole dancers owning multiple homes for investment....
Nice having you drop a line here Rudy!
Saddening, frustrating, maddening, angering, enlightening, engaging, thrilling, perplexing but NEVER boring.
Thanks, "Rudy" for your posts. Missed hearing from you! (I don't do Twit, meta or others). Best Always, (WRH, Idaho)
"Better to sell a year too early than a day too late."
Love it... Sage advice!
Time to hunker down and learn to love your home, wherever it is...
Been too long, love these threads
Glad you're still hanging around, keep doing God's work, we are going to win.
Nice update. It’s a shit show our there. Especially in CA.
“In the bubble before this one, but after the other one”
Perfect
My wife and I would kill each other in 1300 sq ft. San Diego used to be one of our favorite destinations, but then Wuflu happened.
One interesting graph is the show hombuilder sentiment index ( bad) vs Homebuiliding stocks relative to spx and note that this is a very strange divergence with the former plunging the the later soaring.
Rudy I am so glad that you are backing posting again. I was going through some serious Haverstonian withdrawal symptoms, man.
I think the emotional panic I remember in 2008 has been muted by the increase in renting