All Forum Posts by: Darius A.
Darius A. has started 4 posts and replied 25 times.
Post: Recession/Correction/Adjustment - Thoughts on the Health of STR
- Posts 25
- Votes 25
@Andrew Street
The bigger question is what happens if gas hits $7+, high inflation persists (food, energy), and unemployment increases (aka all of this = stagflation).
People will most certainly cut back on vacations and if that happens and some STRs will go belly up. Prepare for the worst, hope for the best.
Post: Bitcoin continues to become the most pristine collateral asset
- Posts 25
- Votes 25
Can someone explain to me how a "pristine" collateral asset collapses ~60% in 6 months?
Also folks, please read the fine print on "milo"
Homebuyers don't have full control of their asset. If they wish to sell their property, they'll have to pay off their loan in full — in US dollars — to Milo before the company releases a lien and transfers the bitcoin back. Plus, to qualify for the mortgage, a buyer must own a value of bitcoin equal to the total sale price of the home.
Post: Mortgage Demand Plunges to Lowest Level in 22 years
- Posts 25
- Votes 25
Quote from @Eric Bilderback:
Wow maybe it is legit. Usually when someone even mentions a slowdown they are told that for over a hundred years people morons really have been predicting housing prices going down on the BP forums and overtime they end up with a big pie in their stupid face.
Not surprising, these forums are filled with lackluster agents and all sorts of RE pumpers who are either ignorant, disingenuous, etc. While I believe RE is a great asset class that everyone should have exposure to in some form, that does not mean it cannot go down, have a correction, etc.
Post: Mortgage Demand Plunges to Lowest Level in 22 years
- Posts 25
- Votes 25
Quote from @Mike Dymski:
That's a start to help on the demand side of inflation. Next, we need to get more materials, fuel, and workers for the supply side.
Already seeing lumber prices drop considerably. https://www.bloomberg.com/news...
Post: Mortgage Demand Plunges to Lowest Level in 22 years
- Posts 25
- Votes 25
Quote from @Chase Busick:
@Darius A. an interesting article on what is happening. What are your thoughts on it and your plans moving forward?
I believe the RE market is beginning to shift. A lot of macro headwinds for RE investing. Also we seem to be in a consumer credit bubble which could have major implications for RE.
As far my plans, patience and dry powder.
Quote from @Edward Green:
Quote from @Darius A.:
https://www.wftv.com/news/loca...
In an era of sky high inflation/input costs...
"Give them bread and circuses and they will never revolt"
I think in Florida you're relatively safe. If you were in California though.... I'd sell while the market is hot. Hopefully in November there's a changing of the guard and none of these hairbrained schemes that failed in the 70s (but somehow seem to get recycled) will make it out of committee.
Exactly, if price/rent controls is making the news in what is normally a landlord friendly state like Florida, what does this mean for the rest of the country...?
https://www.wftv.com/news/loca...
In an era of sky high inflation/input costs...
Post: I need recommendation of state/city to move-to from Chicago.
- Posts 25
- Votes 25
@Allen Worley you may want to check your almanac, Florida does not have anywhere near 300 days of rain per year 😂