All Forum Posts by: Account Closed

@Joe Bertolino that’s a great financial opportunity, gaining that much per hour/year by moving to CA. This will probably continue for those finding skilled positions in CA. Very appealing! Plus the weather... hard to beat, however it looks like a lot of the trend is people bailing out of states that steal their freedoms to ones that protect. With the internet information easier to access than ever and YouTube videos of people who have left for something different, it’s more appealing to people than it was before. States like Missouri allow you to build a home without a permit in all rural areas and there’s some other areas that do so too. Something big happened in the last year according to the numbers and it looks like a major shifting to states that don’t threaten small business. I think people looking forward don’t want to lack peace of mind concerning the future of their ability to work free of lockdowns really. There’s no question it’s played a part when we see grand exodus from NY to TX and FL. My point is, I think people are looking beyond finances to a balanced approach right now, and most people don’t move to make more money.

@Joe Bertolino per the population there can’t be that many doctor or software engineer positions in CA to offset the move out rate. There was a decline for the first time in history for CA. The question I believe is whether these trends will continue or accelerate as people try to survive financially the gap between super rich and have nots.

Probably just a lumber dip. I found this : “Mortgage-finance firm Freddie Mac estimated in April that the U.S. is about 3.8 million houses shy of meeting demand, thanks largely to the lack of construction following the 2008 housing crash.” Very significant considering all the buying Blackrock is doing . Checked and OSB is still $45 insanely high. I’ll bet they go up more based on the demand. Lowe’s told me they saw OSB spike to $70 per sheet a few weeks ago. Lumber prices coming down might mean like “only” 4x pre shutdown.

@Brian Ploszay shoot you’re right about lumber I guess! Just saw an article on it falling fast. Hope it does. Game changer. New construction here we come.

@Brian Ploszay Lumber prices are not down. They are way up from even a few months ago. Yesterday OSB at my local Lowe’s was $45 for 7/16 sheathing, while 2x4’s were $8.50. Anyone familiar with these prices knows that’s 3-6x from just over a year ago.

1/4 of the Houston market is huge considering the amount of growth TX is getting right now. Texas is probably the fastest growing state. Charlotte and other big, growing cities are seeing similar. I don’t think this is as small as some are theorizing.

@Joe Splitrock the "theory" isn't that Blackrock will buy all the houses and take over the government. I'm researching how Blackrock is buying all the houses in certain areas as reported by many credible news sources, and how they are being funded by the government (not sure about). Government bailouts and intervention in extreme markets does happen. None of these things should catch you by surprise. The government was trying to pass a bill that would give over 100% debt forgiveness for all people excluding "white" to start a farm and get paid to do it. A Wisconsin federal judge just rejected it as racist bidding of the government. Farmland is a significant part of real estate. How is the government influencing REI right now is an important question, and what kind of funding is being applied. Where does the small investor go, as many here are new to REI and should be learning about the market at large. I think the frustrating thing here for many seasoned investors on this forum, is the scale and level of dramatic change is unprecedented, and they don't have experience with this current market. It's never happened like this with lumber prices 3x-7x, housing prices so high for so long yet still a housing shortage, and people moving in mass away from some of the biggest cities to other states. Places like Idaho, Missouri, Tennessee have seen land prices more than double in the last year or two. Never happened so quick. Where does this lead? It seems we have to look forward and maybe really far back to when something like this happened in some other country. People that didn't have assets or real estate to sell will have to be very creative, lucky or blessed to break into this market from their job savings. Which leads to the question all ask here, will it come down aka crash soon? And most are saying it doesn't look like the trend goes away right now (I think), so how do we figure this thing out?

@Brian Ploszay this seems very true, what happens with new development and price. The huge other thing that plays into the timing of this housing sweep is the building material costs and I think that’s why it’s so interesting what the institutions are doing, and are they getting government aid to do so, while the average guy like me won’t touch a sheet of OSB with a ten foot stick right now. It sounds like there’s a huge opportunity for home builders, that’s for sure, just weird with lumber prices and inflation. Before 2008 the new construction was going crazy. It was about to kick off like crazy, and then these lumber prices hit. Now Blackrock and friends are buying, buying, buying, and who knows if it’s largely just to hedge against inflation. Could this be driving the lumber prices up too for the average guy that needs a room addition, chicken coop or shed? It’s crazy to watch a guy push a $3,000 stack of lumber out the door of HD but what’s not crazy now?

@Ricardo R. WHAT HE SAID.

@Jasmine Hieke thanks again, do you have any sources on how the feds are using BLackrock to buy houses?? I’d like to see proof, quantities and numbers for myself. This all sounds very impactful with large implications on where this leads. Nonetheless I’ll be looking into it further as time permits.

Please don’t make this thread about which news sources you hate or one sided politics. This doesn’t have to be damage control for corporations or government etc. The attacks lead to the thread being deleted and it comes from thinking too small to only allow your views to exist. I would appreciate getting to learn some more about this. So Blackrock is buying heavy in Houston, San Fran, Charlotte... Anybody else seeing anything? I would sure as heck want to know about BLK buying 1/4 of Houston inventory. I believe at some point a corporation gets so big, that people realize, these things could harm us. Is it too late? Anybody have any ideas on how we can beat BLK?? There should be some way for people to compete especially in their hometown right? The article I read ended by saying we’re four letter worded. Not sure about that...