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Comments by "" (@tobyk5149) on "Real Estate Mindset" channel.
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@HappyPenguin75034 grow up kiddo
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yup
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grow up, Brian
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holy eggflation Batman!
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if you lose your job yes worse but “100x worse” is an absurd exaggeration. If can manage to stay employed and have cash stacked it will be much better than this ridiculous asset bubble. You likely were too young to have understood it last time 2008-2012
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housing market is so bonkers it is toxic!
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@mnn1265 Prices already coming down in TX and FL realtor. You must be too young to have been a bill-paying adult 2007-2011. Those who fail to learn from history are condemned to repeat it.
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@huynguyentoantin then why are you here? just trolling?
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.. coming to an exurb near you
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yes also Nevada and California last time
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please cite your source
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I have no desire to live in or invest in Florida housing but this was a great discussion guys
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@JKBelle there is a “wrong time” to buy and that is when prices are at or near all time highs and when all indications point to being an asset bubble
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@DoubleOhSilver yup anticipating a correction to historical norms is not a “wish” or even an unreasonable expectation.
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yep she likely was saying same BS in 2007
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you have very low patience richard
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@johnnifly LOL!
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Yup
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governor is exempt I suspect
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he is a goof accountant
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record indebtedness and credit card delinquency may not affect your area on Fantasy Island
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yep
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Texas missed out on the early to mid 2000’s housing price bubble and following downslide/crash but Texas is in the bubble deep this time around so be ready for it yall. We lived thru this before in some other states folks…
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your friend is a fool
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Lawrence Yun of the NAR is a great example
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who cares?
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get a second and third opinion when some “professional” says it is not worth repairing. Typically can be repaired for less than a few hundred dollars unless compressor failed
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bye realtord
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The sheeple, realtors, and investors were saying exactly same in coastal SoCal in 2006-2007. You may not have been old enough to understand the SoCal housing market in 2006-2011 but I sold property in Vegas in 2007, lived in LA and relocated to San Diego in 2012 so I saw this all play out last time. Home prices dropped 50% from 2006 to 2011 and did not recover to 2006 prices more or less until 2017 or 2018 but yeah sure “this time is different”. So was 11 -12 years to break even if bought at peak in 2006
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the higher that mortgage rates get, the lower the asking prices get. Your brother-in-law realtor is a FOMO factory
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those higher unemploymemt and interest rates that you specified are much more likely than any lower rates over the next few years at least
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sarcasm I assume
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Ponzi
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@007_pewpew except that at current home prices can rent an equivalent home for half the cost of a mortgage and NO risk of lost equity or underwater mortgage loan.
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and ammo
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@grQ57gsbZ lol power to the people! (who rent)!!
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go somewhere else
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you bought at the peak of this market cycle and you probably know it already. The 185k perceived equity will be wiped out over next 4 years, I believe, based on this scenario already seen 2007-2011. Same
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do your own research. Be prepared not “scared”.
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Dave Ramsey is a disgrace
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Nobody!
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@rubicon3416 were you saying the same narrative in 2006-2007 or were you not yet a bill-paying adult?
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that is 2 years away from now IMO
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yes they are in TX, FL, LA, AL, MS
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@cdweber4547 F that noise. I would relocate
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@scottcollins141 plenty of older homes with large yards and NO HOA
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yup
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surely you jest
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that is what happened in Vegas 2008-2011
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sarcasm alert
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