There’s a bubble somewhere, and if that bubble pops. WATCH OUT. There are bubbles everywhere and they are extremely dangerous. Housing, stocks, Crypto, Cinnamon Toast Crunch. All bubbles that could pop at any moment and destroy the endless money printing economy.
2021 Stock Market
- Thread starter Mtowncyclone13
- Start date
There’s a bubble somewhere, and if that bubble pops. WATCH OUT. There are bubbles everywhere and they are extremely dangerous. Housing, stocks, Crypto, Cinnamon Toast Crunch. All bubbles that could pop at any moment and destroy the endless money printing economy.
Sure, but the Fed is not going to let the 2008 happen again. Will there be a slight correction, yes. Fed has shown in the last year that they will take big actions and have a proactive approach to avoid another 2008 housing crisis.
If the economy has a hint of going down the fed will come in to pick it back up. Too much at stake and no one wants to make hard decisions, so they'll keep pushing it off "for the next guy".
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What do mean? Housing is way up just like 2008! It’s gotta be a bubble!
Unfortunately most people just look at results and don’t actually compare the factors causing the result.
What do mean? Housing is way up just like 2008! It’s gotta be a bubble!
It’s sad that a bunch of fine capitalists like ourselves here on CF can’t recognize a simple supply and demand situation.
What do mean? Housing is way up just like 2008! It’s gotta be a bubble!
Unfortunately most people just look at results and don’t actually compare the factors causing the result.
Here's where I see a pretty big difference.
In 2005-6-7 I was getting approvals up to $750k using an 80-20 product.
One that stands out is a landscaper who didn't provide income documents. I could use a reference letter to verify employment and "income".
The borrower had ONE trade line for $350. That's it. We put the person into a home with no money down. Pumped up stated income. No credit history.
And looking back the appraisal was inflated.
I asked how this was even remotely responsible and you'd think I took a **** in church.
The 2021 credit box isn't the 2007 credit box.
The article said the average household has 41% of their assets in the stock market. I was certain we were significantly over that so I just calculated it and we're at 52% of our net worth in the market. Much less than I thought.
Agreed. Mortgage lending isn't the wild west like it was in the mid-2000's. Not to say there aren't some issues, but we're talking apples and oranges here.
Capitalism makes a lot of money for a lot of people. There's always going to be an element of greed though. Where there's greed, there's cutting corners, and where people cut corners is where the bubbles usually form. This time it's not real estate lending though.
ATNF stand for Anti-Tumor Necrosis Factor...think Humira, Remicade, etc. They are repurposing the science for other areas of the body. The leader of the team that discovered Remicade (Johnson and Johnsons highest selling drug) is the CEO (Jim Woody) and other team members from the company are also part of the team. They chose Dupuytren's contracture (fingers curl back due to knots in tissue under the skin) as their first trial as it has high chance of success and Jim Woody's wife suffers from the condition. Results of phase 3 trial are in Q4 or sooner.
The next one is Frozen shoulder using Anti-TNF which starts phase 2 trial in Q3 this year. They also have a post operative cognitive decline (POCD) phase 2 starting in Q2 2022 and liver fibrosis (NASH) preclinical studies that started Q2 2020.
It is 3 bio's merged into 1 and that is just 1 of the 3 bio programs they have. The second bio program is a Synthetic CBD program led by the guy that discovered THC, Raphael Mechoulam. This program is aimed at replacing opioids (chronic pain and arthritis). The third bio is a "smoking cessation induced ulcerative colitis" program that I haven't looked much into as it's a long ways off.
Investor presentation:
I didn't say anything about losing their homes. Why would someone lose their home if the value of their house goes down? The value of my house has gone up and down in the last 15 years and my P&I has stayed exactly the same.
One reason I don't buy now is because what I saw in 2008. "Why not just buy a house and flip it, houses only go up in value".
80% Retirement (401k & ESOP)
9% 529 Plans
7% Savings Acct
3% Brokerage Accts
1% loan to family member
When one mentions "I want to go back to 2008", the general consensus is the financial crisis, which a brief wiki search shows this as a summary:
"The crisis sparked a global recession that resulted in increases in unemployment[5] and suicide,[6] decreases in fertility[7] and general trust in institutions,[8] and ultimately contributed to the Eurozone crisis."
There isn't a massive adjustment in prices without economic fallout in other areas.
Cyclonepride
Thought Police
The intent is on never ending growth/inflation, which will work until it doesn't.
We need more housing. I flip homes and there are very few houses available for flippers right now. The ones that are have multiple offers WAY over asking. This is because of low inventory.
There was a house near the fairground, I was able to look at it before listing. Based on the location and amount of work needed to the place on the inside and outside I would have been able to buy it for about $20K in order to make a profit. They listed it for $30K. Within 4 hours there were 15 offers, some sight unseen offers. The house sold for $60K. Might be able to sell it for $120,000 if it is done really well. There's at least $50K in work if you don't want to do everything right. (65K is probably the real number) Now throw in your commissions and closing costs when selling on top of that....how are you going to turn out?
There was a house near the fairground, I was able to look at it before listing. Based on the location and amount of work needed to the place on the inside and outside I would have been able to buy it for about $20K in order to make a profit. They listed it for $30K. Within 4 hours there were 15 offers, some sight unseen offers. The house sold for $60K. Might be able to sell it for $120,000 if it is done really well. There's at least $50K in work if you don't want to do everything right. (65K is probably the real number) Now throw in your commissions and closing costs when selling on top of that....how are you going to turn out?
Housing has been on a tear for the last 5-6 years. What is going to change? Until there is more inventory at affordable price, rates increase, decrease in demand and raw material show sharp declines the housing market is still going to climb.
How so? These are houses that are unlivable.
Do you understand the current housing market? A majority of buyers have been watching HGTV the last decade, everything needs to be turnkey when they move in. Very few want to do anything when they purchase a home.
