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LIQUIDITY CRISIS IN THE MORTAGE MARKET

Cle Da YoungKingPin said:
So what does this mean for someone looking to get a property
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I'm not a mortgage or econ expert. It would surely depend on what you are trying to do? Home, condo, development, commercial, etc.



My advice would be:
  • be careful
  • don't rush into any deals
  • get some expert consultation
  • take a look see approach for now
 
Trust and believe this is happening and this time it's ain't gonna be like 2008, it will be 4 times worse! Imagine the Stock Market, Housing Market, Student Loan, and Sub prime Auto Lending all going bust! It's going to be a shit show!
 
Cle Da YoungKingPin said:
Just saw the fed raised the rates again....
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Thats not good!! This illusion is close to imploding!!

BUMBAY DA DOGG said:
BPEA Conference Drafts, March 8–9, 2018

Liquidity crises in the mortgage market

You Suk Kim, Federal Reserve Board
Steven M. Laufer, Federal Reserve Board
Karen Pence, Federal Reserve Board
Richard Stanton, University of California, Berkeley
Nancy Wallace, University of California, Berkeley



https://www.brookings.edu/wp-content/uploads/2018/03/5_kimetal.pdf
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Good info, bruh!!
 
Timbucktu225 said:
Trust and believe this is happening and this time it's ain't gonna be like 2008, it will be 4 times worse! Imagine the Stock Market, Housing Market, Student Loan, and Sub prime Auto Lending all going bust! It's going to be a shit show!
Click to expand...

Couple that with mass bank failures.

The benefit roles are closed for new enrollment
and

The benefit are not paid to those already enrolled.

Its going to be a really bad scenario.
 
Timbucktu225 said:
Trust and believe this is happening and this time it's ain't gonna be like 2008, it will be 4 times worse! Imagine the Stock Market, Housing Market, Student Loan, and Sub prime Auto Lending all going bust! It's going to be a shit show!
Click to expand...

roots69 said:
Thats not good!! This illusion is close to imploding!!



Good info, bruh!!
Click to expand...


THIS FAILURE HAS BEEN BREWING A LONG TIME AND FRANKLY IM COUNTING ON IT.

A FEW MONTHS AGO, THERE WAS A POST REGARDING FIREARMS AND EMERGENCY PREPAREDNESS THAT CONTAINED ALL THE INFO YOU NEEDED TO KNOW AND BE PREPARED FOR THIS BS. THE DOMINANT MAJORITY ARE GOING TO LOSE THEIR EFFING MINDS.
START NOW SAVING ALL THE MONEY YOU CAN AND BUY REALESTATE AT THE BOTTOM OF THE MARKET. INVEST IN PRECIOUS METALS, GOLD, SILVER, ETC...
MAKE SURE YOU HAVE AT LEAST 6 MONTHS OF LIVING EXPENSES CASH ON HAND WHEN IT HAPPENS BC BANKS ARE GOING TO USE BAIL INS (MEANING LIMITING YOUR ACCES TO YOUR OWN MONEY) TO KEEP THEMSELVES AFLOAT. SEE GREECE AND VENEZUELA. START A GARDEN OR FARMING. THERE ARE LOTS OF BLACK FARMERS GROUPS ON FB.

its going to get ugly but if you stay ready, you dont have to get ready.

also, learn a trade and new skill sets. network with your neighbors and others who have useable skills. join a group like NAAGA, BGOE, or ZERT to learn firearm skills.
keep the basic elements covered: food clothing shelter water security communications.
esp food and water bc you dont want to be one of the people they control with the use of food. think about those food lines in 2008-10.
start stockpiling food...canned goods, rice beans, any long term foods or food sources....my homeboy in suburbs got a above ground pool in his back yards...full of fish...lol. i thought that was smart as hell. he got canned goods stored up...it dont have to cost a lot of money catch them sales at costco, big lots, etc...you CAN eat canned food past its expiration date just make sure it isnt damaged....botulism is deadly.
 
Timbucktu225 said:
Trust and believe this is happening and this time it's ain't gonna be like 2008, it will be 4 times worse! Imagine the Stock Market, Housing Market, Student Loan, and Sub prime Auto Lending all going bust! It's going to be a shit show!
Click to expand...

Agree.

My mailbox is flooded daily with credit card preapprovals, mortgage refinancing, real estate agents wanting me to sell, preapprove car loans.

It’s a repeat of pre-2008.
 
Moving Target said:
THIS FAILURE HAS BEEN BREWING A LONG TIME AND FRANKLY IM COUNTING ON IT.

A FEW MONTHS AGO, THERE WAS A POST REGARDING FIREARMS AND EMERGENCY PREPAREDNESS THAT CONTAINED ALL THE INFO YOU NEEDED TO KNOW AND BE PREPARED FOR THIS BS. THE DOMINANT MAJORITY ARE GOING TO LOSE THEIR EFFING MINDS.
START NOW SAVING ALL THE MONEY YOU CAN AND BUY REALESTATE AT THE BOTTOM OF THE MARKET. INVEST IN PRECIOUS METALS, GOLD, SILVER, ETC...
MAKE SURE YOU HAVE AT LEAST 6 MONTHS OF LIVING EXPENSES CASH ON HAND WHEN IT HAPPENS BC BANKS ARE GOING TO USE BAIL INS (MEANING LIMITING YOUR ACCES TO YOUR OWN MONEY) TO KEEP THEMSELVES AFLOAT. SEE GREECE AND VENEZUELA. START A GARDEN OR FARMING. THERE ARE LOTS OF BLACK FARMERS GROUPS ON FB.

its going to get ugly but if you stay ready, you dont have to get ready.

also, learn a trade and new skill sets. network with your neighbors and others who have useable skills. join a group like NAAGA, BGOE, or ZERT to learn firearm skills.
keep the basic elements covered: food clothing shelter water security communications.
esp food and water bc you dont want to be one of the people they control with the use of food. think about those food lines in 2008-10.
start stockpiling food...canned goods, rice beans, any long term foods or food sources....my homeboy in suburbs got a above ground pool in his back yards...full of fish...lol. i thought that was smart as hell. he got canned goods stored up...it dont have to cost a lot of money catch them sales at costco, big lots, etc...you CAN eat canned food past its expiration date just make sure it isnt damaged....botulism is deadly.
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Right on, bruh... You see whats going on and whats coming down the lane.. Thats good information you replied, we can only blow this whistle so long!!
 
Timbucktu225 said:
Trust and believe this is happening and this time it's ain't gonna be like 2008, it will be 4 times worse! Imagine the Stock Market, Housing Market, Student Loan, and Sub prime Auto Lending all going bust! It's going to be a shit show!
Click to expand...

Good reply!! Brotha you have sum good discernment!! Keep your eyes open and stay alert. If people dont listen to you, just keep moving!!
 
Cle Da YoungKingPin said:
So what does this mean for someone looking to get a property
Click to expand...
Banks are over leveraging again. Pretty much exceeding their capital as to what they have on their balance sheets. In order to compensate, they have to make more loans and they're bottom feeding for more approvals.

Desperate millenials are driving the prices down in order to become first time buyers and banks are capitalizing on the FOMO (Fear of missing out).

For you, the consumer, you can EASILY get approved right now for a loan because the banks, don't care about anything but the short term gain.

But make no mistake, when that interest rate kicks back in or that teaser rate runs out and you default, you will lose that property or pay an exorbitant amount to keep it.

So is the best time to purchase a property? Initially yes but in the long term, absolutely not, unless you can handle the stress that'll come when this bubble pops.

But if you don't have the capital to ride the waves, (which most people don't), i'd cool out for a bit and let it pass.
 
DJCandle said:
Banks are over leveraging again. Pretty much exceeding their capital as to what they have on their balance sheets. In order to compensate, they have to make more loans and they're bottom feeding for more approvals.

Desperate millenials are driving the prices down in order to become first time buyers and banks are capitalizing on the FOMO (Fear of missing out).

For you, the consumer, you can EASILY get approved right now for a loan because the banks, don't care about anything but the short term gain.

But make no mistake, when that interest rate kicks back in or that teaser rate runs out and you default, you will lose that property or pay an exorbitant amount to keep it.

So is the best time to purchase a property? Initially yes but in the long term, absolutely not, unless you can handle the stress that'll come when this bubble pops.

But if you don't have the capital to ride the waves, (which most people don't), i'd cool out for a bit and let it pass.
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Make sense CC companies been extending all my lines. I keep a 0 balance at the end of the month normally. Not in the market for a home, my portfolio is doing pretty well.

How do you capitalize off this info?

I hate to hear sky is falling news because I know usually the corrections will correct and then cycle starts over. To me feels like the middle is just shrinking and the American people to complacent and entertained to really do anything, so my mode of operation is get this paper.
 
BronxBomber said:
Make sense CC companies been extending all my lines. I keep a 0 balance at the end of the month normally. Not in the market for a home, my portfolio is doing pretty well.

How do you capitalize off this info?

I hate to hear sky is falling news because I know usually the corrections will correct and then cycle starts over. To me feels like the middle is just shrinking and the American people to complacent and entertained to really do anything, so my mode of operation is get this paper.
Click to expand...
And that's the right mentale to have absolutely.

The thing is, there aren't any real corrections being made to when these bubbles appear. They're simply opportune moments for people to make their money and cash out before it pops. You think 08 would've taught us lesson but they never do. So getting it while it's hot is the key.

There's a bunch of creative ways to capitalize off this stuff. Just need to find the gaps that need to be filled once the smoke clears. I have my hand in a small remodeling company and business has been good. All these foreclosed homes need refinishing and remodeling so it's not a bad gig.

Banks also need companies to clear out homes before remodelers come in and there are dedicated companies that removes trash, unwanted items, even drywall at the banks expense.
 
blackbull1970 said:
Agree.

My mailbox is flooded daily with credit card preapprovals, mortgage refinancing, real estate agents wanting me to sell, preapprove car loans.

It’s a repeat of pre-2008.
Click to expand...

I've been getting the same. Especially when my credit card is near its limit (I use it to pay my bills so that happens near the end of every month). When I asked for a limit increase to cover the deposit on a car rental I got over $1,000 worth of new offers.

Recently, I got an email from my landlord telling me the steps and income requirements for buying one of the new condos they're building near my unit. Keep in mind that I live in one of the BROKEST communities in SF. Many of my neighbors are in transitional housing, job corps, or the FOTEP program. Yet somehow they're pitching us condos in the hottest, most expensive real estate market in the country.

I also just saw a Mazda commercial that insisted that leasing one of their brand new car was cheaper than using Uber or weekend rentals. SMH
 
Dannyblueyes said:
I've been getting the same. Especially when my credit card is near its limit (I use it to pay my bills so that happens near the end of every month). When I asked for a limit increase to cover the deposit on a car rental I got over $1,000 worth of new offers.

Recently, I got an email from my landlord telling me the steps and income requirements for buying one of the new condos they're building near my unit. Keep in mind that I live in one of the BROKEST communities in SF. Many of my neighbors are in transitional housing, job corps, or the FOTEP program. Yet somehow they're pitching us condos in the hottest, most expensive real estate market in the country.

I also just saw a Mazda commercial that insisted that leasing one of their brand new car was cheaper than using Uber or weekend rentals. SMH
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Im in the midwest and their pushing housing like crazy.. And the prices of the homes are sky high all over the city!! Something aint right!!!:smh::smh::smh:
 
DJCandle said:
And that's the right mentale to have absolutely.

The thing is, there aren't any real corrections being made to when these bubbles appear. They're simply opportune moments for people to make their money and cash out before it pops. You think 08 would've taught us lesson but they never do. So getting it while it's hot is the key.

There's a bunch of creative ways to capitalize off this stuff. Just need to find the gaps that need to be filled once the smoke clears. I have my hand in a small remodeling company and business has been good. All these foreclosed homes need refinishing and remodeling so it's not a bad gig.

Banks also need companies to clear out homes before remodelers come in and there are dedicated companies that removes trash, unwanted items, even drywall at the banks expense.
Click to expand...


So you are saying staying the course now until it burst? Then possible be on the look out foreclosures? Its wild because I just found contractors for one of my friends spot and they are so official and affordable I was thinking man I could use these cats.
 
BronxBomber said:
So you are saying staying the course now until it burst? Then possible be on the look out foreclosures? Its wild because I just found contractors for one of my friends spot and they are so official and affordable I was thinking man I could use these cats.
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Yup and see how that snowballs from there on out? If they do a good job, then you're more inclined to reuse that company or recommend it to a friend and it keeps on going and going.

Advantage said company.

Even if you see a chance to make some money BEFORE the bubble bursts, you can do that too. Some people simply invest in the market and pull out before the bubble bursts but hag takes some skill. Even brokers can't forecast what the the markets gonna do but people have made money off it.

Because housing is so coveted, the fallout and debris from bubbles like this are always a great chance to find a niche. Any niche.

Places like Baltimore and Detroit are great examples.

Row homes in the dilapidated areas of Baltimore are going for literally $100 or less. They're fixer uppers for sure but even if you invest $50,000 into a property, and sit on it for 5 to 10 years, once gentrification makes it's way in, cash out.

The same kinda thing is going on in Cleveland as they're slowly starting to come up.
 
roots69 said:
Im in the midwest and their pushing housing like crazy.. And the prices of the homes are sky high all over the city!! Something aint right!!!:smh::smh::smh:
Click to expand...

This is an article from last year

https://www.google.com/amp/s/sf.cur...doctors-teachers-first-responders-afford-home

It basically says how a doctor earning over $200k per year would only qualify for about 40% of the homes on the market in SF.

Now the city is pitching these same properties to people who make less than $40k. Talking about home buyer classes, government home ownership programs, banks that will finance first time buyers, etc.

If you can tell me about a decent free photo sharing site that works with BGOL I will post screenshots of the email later today
 
Dannyblueyes said:
This is an article from last year

https://www.google.com/amp/s/sf.cur...doctors-teachers-first-responders-afford-home

It basically says how a doctor earning over $200k per year would only qualify for about 40% of the homes on the market in SF.

Now the city is pitching these same properties to people who make less than $40k. Talking about home buyer classes, government home ownership programs, banks that will finance first time buyers, etc.

If you can tell me about a decent free photo sharing site that works with BGOL I will post screenshots of the email later today
Click to expand...
Tinypic.org
 
DJCandle said:
Yup and see how that snowballs from there on out? If they do a good job, then you're more inclined to reuse that company or recommend it to a friend and it keeps on going and going.

Advantage said company.

Even if you see a chance to make some money BEFORE the bubble bursts, you can do that too. Some people simply invest in the market and pull out before the bubble bursts but hag takes some skill. Even brokers can't forecast what the the markets gonna do but people have made money off it.

Because housing is so coveted, the fallout and debris from bubbles like this are always a great chance to find a niche. Any niche.

Places like Baltimore and Detroit are great examples.

Row homes in the dilapidated areas of Baltimore are going for literally $100 or less. They're fixer uppers for sure but even if you invest $50,000 into a property, and sit on it for 5 to 10 years, once gentrification makes it's way in, cash out.

The same kinda thing is going on in Cleveland as they're slowly starting to come up.
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Good looking on the info.

Yea I don't want to pull out the market, I don't have that kind of skill and honestly my time is spent on the grind for later.

So fixing and holding? No flipping? So would have to be able to pay said mortgage, taxes for 5-10 years to really come up.
 
BronxBomber said:
Good looking on the info.

Yea I don't want to pull out the market, I don't have that kind of skill and honestly my time is spent on the grind for later.

So fixing and holding? No flipping? So would have to be able to pay said mortgage, taxes for 5-10 years to really come up.
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Exactly.

That's why I was telling the homey earlier that you're gonna need more than just the initial capital to survive because acquiring a property is easy but maintaining it is a whole another ball game.

That peril is gonna come in waves and you're gonna need finance to weather the storm such as the bubbles bursting, inflation rates, interest rates, taxes, upkeep, and all that jargon that comes with property ownership.

And you can for sure flip it later if you want. Putting $50,000 into a property and watching it appreciate over a decade, could pay dividends in the long run, if you've got the patience and persistence. I've seen it done and it's very lucrativebut requires those two factors and of course capital.

That's why the only people you really see going after these houses are either real estate companies or bankers because they're the only ones that can afford the initial and all the bullshit that comes afterwards.
 
DJCandle said:
Exactly.

That's why I was telling the homey earlier that you're gonna need more than just the initial capital to survive because acquiring a property is easy but maintaining it is a whole another ball game.

That peril is gonna come in waves and you're gonna need finance to weather the storm such as the bubbles bursting, inflation rates, interest rates, taxes, upkeep, and all that jargon that comes with property ownership.

And you can for sure flip it later if you want. Putting $50,000 into a property and watching it appreciate over a decade, could pay dividends in the long run, if you've got the patience and persistence. I've seen it done and it's very lucrativebut requires those two factors and of course capital.

That's why the only people you really see going after these houses are either real estate companies or bankers because they're the only ones that can afford the initial and all the bullshit that comes afterwards.
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Good looking G!

Man I think forgot to shout you for that work too.......

Will def do that soon!
 
:smh:https://www.bloomberg.com/news/features/2018-05-24/small-time-bankers-make-millions-peddling-mortgages-to-the-poor

"A second borrower, a construction worker, has a 578 credit score. He has a tax lien on his house and has filed for bankruptcy. For good measure, he’s late on his current bills. In this case, Christian isn’t giving up. He suggests Howard tell the laborer to open up a secured credit card. It requires borrowers to have money in an account before making purchases. That way they can rebuild their credit. “Let’s try it in six months—always end on a good note,” Christian says. “Most lenders aren’t going to call this guy. But, one day, he will buy a house, and you want him to buy with us.” "
 
Timbucktu225 said:
Trust and believe this is happening and this time it's ain't gonna be like 2008, it will be 4 times worse! Imagine the Stock Market, Housing Market, Student Loan, and Sub prime Auto Lending all going bust! It's going to be a shit show!
Click to expand...
Yep I was telling people this a couple weeks ago that if the housing Market burst again it’s going to take 10 years + to really get out of it
 

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