Strange things are afoot.

[TR3B]

First of all, what the fuck is up with the housing market? It's bought before it's even listed for sale 20% over asking. Any available plot of land is being built on even though the cost of materials has doubled or more. Whole world is closed, everyone is tightening their belts - so who the fuck is paying cash for houses like there's a fire sale going on?

The number of used cars or bikes for sale has plummeted to near zero. Sure, there's some flotsam and jetsam about but everything interesting that I'd normally shop for that used to be dime a dozen is now unobtanium. Anything that is for sale is priced through the roof and sells quick - even the rusty fucking junk. And it's not just the bottom feeder stuff - new Vettes, TRXs, 100K Hummers, Teslas, Mustangs (fucking Mustangs) and even 100K Audi station wagons are all being fought over and selling over sticker.

People are buying up $1400 video cards like they're tickle me Elmos at Christmas, PS5s, Nintendos, Xboxes all being scooped up as fast as they can drop them.

Precious metals are being bought up at record pace too.

IDK what is going on but it seems like all of a sudden the population quietly doubled and everyone that moved in is loaded and has no reference point for the value of goods.

 

[Matt Sterbator]

I’ve been on the lookout for a fun car/truck/driver and what the fuck on the prices!

...and I’m selling my house this month so “to the moon” with the prices! lol

 

[luckystrike]

Precious metals are being bought up at record pace too.

Not really

 

[CZLoco]

First of all, what the fuck is up with the housing market? It's bought before it's even listed for sale 20% over asking. Any available plot of land is being built on even though the cost of materials has doubled or more. Whole world is closed, everyone is tightening their belts - so who the fuck is paying cash for houses like there's a fire sale going on?

North Carolina may well have been my second choice before I decided on moving to Austin many years ago.
Back then it was one of the top five destinations for people to move to and I'm sure it's about the same now.

Austin house prices are crazy now also.
People are no longer able to come here for affordable housing.
Gone are the days of Californians cashing out of their houses and moving to Austin to buy mini-mansions.

But yeah, you would think Covid would have caused everyone to lose jobs but the only people out of work are those who couldn't have afforded a house anyways. Like bartenders, theme park workers, general hospitality type jobs. And they are mostly happy with unemployment because many are making more on unemployment than they were working jobs.

 

[Vegas12]

I’ve been on the lookout for a fun car/truck/driver and what the fuck on the prices!

...and I’m selling my house this month so “to the moon” with the prices! lol

All find and dandy.....unless you have to buy another overpriced property.

Being redundant AF, but part of me really wants to sell my house and move into my trailer until this bubble bursts to all hell.....

The % rates are also driving this madness.....$400,000 house payment is 2 bedroom apartment territory.

 

[TR3B]

I also don't understand all the fruit baskets suddenly into cars and bikes. The comments section on Bring a Trailer and just about every forum are straight up lemon parties. It's like soy causes a toxoplasmosis-like brain defect where the victims must pay out the nose for garbage money pit projects they'll never finish, then join a forum and talk about all the time they spend at the track.

 

[C. Dolan]

Been on a selling spree for the last couple of years.
Houses that I have sold in San Berdu have been the subject of multi offer over bid cat fights.
The last house went for 10 % over an optimistic asking price and closed in 25 days.
Have 8 houses left up there and hope to be sold out by the end of the year.
Have been able to score a few bike deals , here and there.
Have a very early production 1936 Harley Knuckle that I bought for $ 65 k , 9 years ago.
A collector / broker has been after it for 3 years.
Back then I gave him a $ 200 k " go away, don't bother me price back then.
It may be going for $ 200 k this Saturday.
In general, moving some of my least favorite RE and will re-fi the keepers.
The high spread between spot and gold for sale has kept me out of it.
May entertain some stock plays.

 

[CZLoco]

Is this how people afford new cars now?!?

Sent from my Pixel 3 XL using Tapatalk

 

[Your Car Is Slow]

the problem with selling your house right now, is finding another one to buy!

multiple realtors all claiming folks from "other states" putting in sight unseen full price asks within hours of houses hitting the market.

with no evictions for the foreseeable future, just live rent free on someone elses dime somewhere! its the new american way!

 

[Matt Sterbator]

I bought a house here in VT 2 years ago. I’m selling my AZ house. I’ve been renting it out since leaving in 2015. The latest tenant just moved out last week. House should hit the market next week.

Friend of mine sold his house last month in that same neighborhood for asking price in 3 hours.

 

[fr0st]

First of all, what the fuck is up with the housing market? It's bought before it's even listed for sale 20% over asking. Any available plot of land is being built on even though the cost of materials has doubled or more. Whole world is closed, everyone is tightening their belts - so who the fuck is paying cash for houses like there's a fire sale going on?

The number of used cars or bikes for sale has plummeted to near zero. Sure, there's some flotsam and jetsam about but everything interesting that I'd normally shop for that used to be dime a dozen is now unobtanium. Anything that is for sale is priced through the roof and sells quick - even the rusty fucking junk. And it's not just the bottom feeder stuff - new Vettes, TRXs, 100K Hummers, Teslas, Mustangs (fucking Mustangs) and even 100K Audi station wagons are all being fought over and selling over sticker.

People are buying up $1400 video cards like they're tickle me Elmos at Christmas, PS5s, Nintendos, Xboxes all being scooped up as fast as they can drop them.

Precious metals are being bought up at record pace too.

IDK what is going on but it seems like all of a sudden the population quietly doubled and everyone that moved in is loaded and has no reference point for the value of goods.

My thouht exactly,

We were just duscussing thais last week.. there's a whole neigbhorhood being built here.. the majoriy here aren't rich and can't afford new houses..

The used houses market is also up by atleast 30%.. i could put mine on sale for 35% and it would sell within a week..( ok maybe the 24x30 garage helps)




My theory is that people with used houses sell to people who can barely afford them thanks to near zero percent bank intrest loans that vary ( not fixed) and with the profit they make , they buy new houses.


But once the near zero percent intrest rates start going up, the whole thing is gonna go sideways

 

[Terry_Schiavo]

the strategy of migration is not just for illegals. You should see the Truman Show neighborhoods being constructed. Pools & screenrooms seem to be blown the eff up and these are sub divisions that have a nice pool to start. Saw one house that was 650k brand new & the buyers spent another 300k on a dream backyard. Someone is Staycationing the rest of their lives or credit limit. Aint no way they are seeing that money ever again.

 

[braindead_organdonor]

If you ask me Indiana isn't worth the prices anymore. Should have been scooping up houses in 2016, could be making fat cash right now, like 30-40% ROI for doing nothing.

But they still move here, and they don't care what anything costs because it's cheaper than where they came from.

 

[WP]

Keep your fancy neighborhoods. Couldn t care less what the market does...
I feel right at home in the middle of the woods.

 

[scottcolbath]

I bought a house here in VT 2 years ago. I’m selling my AZ house. I’ve been renting it out since leaving in 2015. The latest tenant just moved out last week. House should hit the market next week.

Friend of mine sold his house last month in that same neighborhood for asking price in 3 hours.

Location??

S.C.

 

[hedgehog]

Keep your fancy neighborhoods. Couldn t care less what the market does...
I feel right at home in the middle of the woods.

View attachment 61860

 

[Matt Sterbator]

Location??

S.C.

Just up the road from Truth, in Rancho La Migra (Sahuarita).

 

[luckystrike]

Been on a selling spree for the last couple of years.
Houses that I have sold in San Berdu have been the subject of multi offer over bid cat fights.
The last house went for 10 % over an optimistic asking price and closed in 25 days.
Have 8 houses left up there and hope to be sold out by the end of the year.
Have been able to score a few bike deals , here and there.
Have a very early production 1936 Harley Knuckle that I bought for $ 65 k , 9 years ago.
A collector / broker has been after it for 3 years.
Back then I gave him a $ 200 k " go away, don't bother me price back then.
It may be going for $ 200 k this Saturday.
In general, moving some of my least favorite RE and will re-fi the keepers.
The high spread between spot and gold for sale has kept me out of it.
May entertain some stock plays.

I am disappointed that crypto isn't on that list

Good call staying out of gold as bitcoin steals it's luster

 

[Austin_F]

CHINA

 

[Austin_F]

And everytime I see the thread title the words "at the Circle K" come to mine

 

[Wretch]

And everytime I see the thread title the words "at the Circle K" come to mine

...and it's: "Some shit's going down at the Wawa/7-11!"

 

[scottcolbath]

Just up the road from Truth, in Rancho La Migra (Sahuarita).

I haven't been down that way in a long time. I liked the area.

S.C.

 

[scottcolbath]

And everytime I see the thread title the words "at the Circle K" come to mine

I've been meaning to visit that particular Circle K. It's down in Tempe.


S.C.

 

[Vicious_Cycle]

I don't know how strange any of this is, considering money is free, nowadays.
.

 

[Terry_Schiavo]

I don't know how strange any of this is, considering money is free, nowadays.

Right? I mean I had an 11% mortgage on 65k and new home assholds are getting 850k loans for 2% and spending another 1/4 mill on improvements... wtf?

 

[hagrid]

I am disappointed that crypto isn't on that list

Good call staying out of gold as bitcoin steals it's luster

Do you walk around constantly full of crypto currency spooge? It's like you're trying to convince everyone to jump on board to validate your position.

 

[whipit1K]

First of all, what the fuck is up with the housing market? It's bought before it's even listed for sale 20% over asking. Any available plot of land is being built on even though the cost of materials has doubled or more. Whole world is closed, everyone is tightening their belts - so who the fuck is paying cash for houses like there's a fire sale going on?

The number of used cars or bikes for sale has plummeted to near zero. Sure, there's some flotsam and jetsam about but everything interesting that I'd normally shop for that used to be dime a dozen is now unobtanium. Anything that is for sale is priced through the roof and sells quick - even the rusty fucking junk. And it's not just the bottom feeder stuff - new Vettes, TRXs, 100K Hummers, Teslas, Mustangs (fucking Mustangs) and even 100K Audi station wagons are all being fought over and selling over sticker.

People are buying up $1400 video cards like they're tickle me Elmos at Christmas, PS5s, Nintendos, Xboxes all being scooped up as fast as they can drop them.

Precious metals are being bought up at record pace too.

IDK what is going on but it seems like all of a sudden the population quietly doubled and everyone that moved in is loaded and has no reference point for the value of goods.

Totally agree that odd stuff is going on...in NC it has always been the food of people fleeing the frozen communist northeast, but lately it is like nothing I have seen
I have been looking for some more land in NC for a few years...It is now impossible to find. Everything around me that has sat vacant for decades has now been clear cut, has a new driveway cut in, and is in some stage of construction.

Tracts of land that appeared to be unused/unimproved land for sale sitting on the market for as long as I have lived here (NC) are suddenly subdivided, driveways cut in, and construction going on..

I am honestly thinking of moving elsewhere because the area is flooding with people....which has always been happening slowly....well it is speeding along in a hurry now

 

[gsxrian]

Totally agree that odd stuff is going on...in NC it has always been the food of people fleeing the frozen communist northeast, but lately it is like nothing I have seen
I have been looking for some more land in NC for a few years...It is now impossible to find. Everything around me that has sat vacant for decades has now been clear cut, has a new driveway cut in, and is in some stage of construction.

Tracts of land that appeared to be unused/unimproved land for sale sitting on the market for as long as I have lived here (NC) are suddenly subdivided, driveways cut in, and construction going on..

I am honestly thinking of moving elsewhere because the area is flooding with people....which has always been happening slowly....well it is speeding along in a hurry now

The same in Florida, all the New Yorkers have come here!

 

[Bandit Man]

We need another big earthquake in California to scare a bunch of people out, or let it snap off into the ocean and give Az and Nv some beach front property.

 

[tinhead]

China is the first central bank issuing cryptocrap. China communist crypto crap currency. That's assuming that all the other crypto crap isn't chinese too. China gets hard currency the world gets china crypto crap.

 

[CID]

The new mortgage crisis starts in Sept when the Federal "you dont have to pay your house bill but can still stay there" law expires and the market becomes flush with repos.

 

[TR3B]

Totally agree that odd stuff is going on...in NC it has always been the food of people fleeing the frozen communist northeast, but lately it is like nothing I have seen
I have been looking for some more land in NC for a few years...It is now impossible to find. Everything around me that has sat vacant for decades has now been clear cut, has a new driveway cut in, and is in some stage of construction.

Tracts of land that appeared to be unused/unimproved land for sale sitting on the market for as long as I have lived here (NC) are suddenly subdivided, driveways cut in, and construction going on..

I am honestly thinking of moving elsewhere because the area is flooding with people....which has always been happening slowly....well it is speeding along in a hurry now

Dude, SAME exact thing happening here. I'd love to know what the fuck is going on.

 

[Matt Sterbator]

I've been meaning to visit that particular Circle K. It's down in Tempe.


S.C.

Nah that’s definitely the Circle K at I-10 & Congress in Took-son

 

[luckystrike]

Do you walk around constantly full of crypto currency spooge? It's like you're trying to convince everyone to jump on board to validate your position.

Do you walk around constantly sniffing my farts?

 

[wormser77]

The Spokane housing market is nuts, has been for a few years now.
My little 850sq ft rental was worth around 100k 5 years ago, now it's at almost 200! In the last 2 months housing has gone up 20%.
Makes me question selling it but I'd feel bad for my renter, right now there's nothing on the market for rentals. Plus I keep the shop for myself.

 

[Fever500]

Totally agree that odd stuff is going on...in NC it has always been the food of people fleeing the frozen communist northeast, but lately it is like nothing I have seen
I have been looking for some more land in NC for a few years...It is now impossible to find. Everything around me that has sat vacant for decades has now been clear cut, has a new driveway cut in, and is in some stage of construction.

Tracts of land that appeared to be unused/unimproved land for sale sitting on the market for as long as I have lived here (NC) are suddenly subdivided, driveways cut in, and construction going on..

I am honestly thinking of moving elsewhere because the area is flooding with people....which has always been happening slowly....well it is speeding along in a hurry now

Yep .. been looking myself here in NC and SC and amazed at the lack of property .... unless you want "hunting" land near the coast ... read SWAMP!

Was looking at 50 acres up near Elkin ... gone in 2 days! Houses with more than 10 acres ... either gone quickly or still listed with insane prices.

I kick myself everyday for not buying property on Lake Norman and in the mountains when I first moved here in '97.

 

[braindead_organdonor]

I saw someone finally made money on the first vinyl village house I bought in the mid 90s.
I was upside down on that place for years, records show someone bought it for $115k in 2017 and sold it last year for $170k. Looking at the pictures, with the exception of paint, new kitchen floor, and appliances it still has all the same shit it had when I owned it, cheap countertops, brass light fixtures and all.

 

[hagrid]

Do you walk around constantly sniffing my farts?

How did you think I knew you were full of spooge?

 

[scottcolbath]

Nah that’s definitely the Circle K at I-10 & Congress in Took-son

Do some research. The movie was filmed all around the Phoenix area.


S.C.

 

[r1racer]

Invest in tangible assets / commodities... puppet master beijing biden team are DEVALUING the American DOLLAR (Federal Reserve Central Bank aka FIAT) as FAST as they can.....

Biden promises 'once-in-a-generation' investment during pitch for $2 trillion infrastructure and climate plan

President Joe Biden unveiled a roughly $2 trillion jobs proposal focused on infrastructure and the climate crisis in a speech in Pittsburgh on Wednesday, stressing his support of labor unions and his hope the investment would lift the middle class.

www.cnn.com

Biden signs historic $1.9 trillion Covid-19 relief law

President Joe Biden signed his sweeping $1.9 trillion Covid-19 economic relief package into law on Thursday afternoon.

www.cnn.com

BitCoin is NOT a FIAT currency..... I'm not suggesting folks invest in BC..... just understand why it is going up FAST.....

Cryptocurrencies Are Not Fiat Currencies - Solo 401k

If you're just learning about cryptocurrency, you might wonder if it bears any resemblance to a fiat currency. It doesn't. Here's why that matters.

www.solo401k.com

New American currency backed by Gold is coming...... Look no further than Poland who escaped from Communism.....

UPDATE 1-Poland's central bank wants to buy 100 tonnes of gold, governor says

Poland's central bank wants to buy at least 100 tonnes of gold -- worth some $5.5 billion at current prices -- over the coming years, as it continues to expand its bullion reserves, governor Adam Glapinski said in an interview published on Monday.

www.reuters.com

 

[GSXRN99]

My home was 600k last November. It just appraised at 810k last week.

 

[luckystrike]

Invest in tangible assets / commodities... puppet master beijing biden team are DEVALUING the American DOLLAR (Federal Reserve Central Bank aka FIAT) as FAST as they can.....

Biden promises 'once-in-a-generation' investment during pitch for $2 trillion infrastructure and climate plan

President Joe Biden unveiled a roughly $2 trillion jobs proposal focused on infrastructure and the climate crisis in a speech in Pittsburgh on Wednesday, stressing his support of labor unions and his hope the investment would lift the middle class.

www.cnn.com

Biden signs historic $1.9 trillion Covid-19 relief law

President Joe Biden signed his sweeping $1.9 trillion Covid-19 economic relief package into law on Thursday afternoon.

www.cnn.com

BitCoin is NOT a FIAT currency..... I'm not suggesting folks invest in BC..... just understand why it is going up FAST.....

Cryptocurrencies Are Not Fiat Currencies - Solo 401k

If you're just learning about cryptocurrency, you might wonder if it bears any resemblance to a fiat currency. It doesn't. Here's why that matters.

www.solo401k.com

New American currency backed by Gold is coming...... Look no further than Poland who escaped from Communism.....

View attachment 61888

UPDATE 1-Poland's central bank wants to buy 100 tonnes of gold, governor says

Poland's central bank wants to buy at least 100 tonnes of gold -- worth some $5.5 billion at current prices -- over the coming years, as it continues to expand its bullion reserves, governor Adam Glapinski said in an interview published on Monday.

www.reuters.com

Poland is going to get a great deal as governments, institution and individuals see the light and start dumping gold in exchange for BTC

 

[Snail]

Bubbles build, bubbles pop. The key is to be ahead of the curve, not at the apex. At this juncture I believe what CID mentioned is valid.

A lot of speculation buying, flipping for profit , and cheap money are driving the bus.

 

[WARREN]

same shit in Canada.
wife and I have been attempting to buy a place for 3 months now.
80% are the neighborhood misfits that aren't worth my time and the other 20% are bidding wars.

last weekend a spot came up at 12:37 a.m. by 8:00 a.m. it was already conditionally sold.
1.5% interest rates and low inventory are driving a lot of the activity

 

[Austin_F]

What bank gives 1.5%?

I have 840 credit and I'm looking at 2.1 with 2 points

 

[Your Car Is Slow]

still cant believe i was able to refi at 1.85%

credit at that level will always trigger spending....

 

[WARREN]

What bank gives 1.5%?

I have 840 credit and I'm looking at 2.1 with 2 points

Canuck bucks

 

[Terry_Schiavo]

Bubbles build, bubbles pop. The key is to be ahead of the curve, not at the apex. At this juncture I believe what CID mentioned is valid.
A lot of speculation buying, flipping for profit , and cheap money are driving the bus.

I think back and this was an issue in the early 90s as well but w/o the cheep monay. When I was a kid...$250k houses were upper middle class... now its starter home money.

 

[BIggerDanno]

The Chinese are very busy buying up America.
Soon, everyone will be renting from them.

 

[wormser77]

Remember when tulip bulbs were the thing?