Interesting post by Charlie, scrolled through his timeline a bit and he seems to have a lot of good content. RE people, do we think this is systemic a la 2008, or is it more so just a correction? Looking forward to some discussion, thanks!
Trending Content - Real Estate Forum
| +38 | Where are free agents signing? | 19 | 6h |
| +33 | Capital Restricted Developer | 7 | 15h |
| +31 | Laughable Job Posting | 11 | 8h |
| +27 | What Is Your Backup Plan? | 15 | 7h |
| +24 | AvalonBay Equity Residential Merger discussion | 8 | 6h |
| +23 | Future of Real Estate | 5 | 7h |
| +16 | Extremely Slow Ramp Up | 1 | 20h |
| +14 | In RE, what is the ONE software tool you couldn’t survive without? | 5 | 19h |
| +9 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 2d |
| +6 | Dynex | 4 | 17h |
Career Resources
There was an old thread on this sometime last year if I am not mistaken. It had some great insights.
I do think we will experience a market correction, but nowhere near the financial meltdown of 2008. The banks aren't loaning money like they were before the last crash. From what I have heard and read before the recession the motto was "If you have a pulse we will approve you for a home loan" which is not happening today.
Consensus seems to be that the correction will come in 2019. I tend to agree with that.
I think part of the reason the home builders profits are down are from the shift from home ownership to wanting to live downtown, apartment living, mixed use etc.
True, the key component of '08 was the easy lending, and it doesn't seem like the subprime nonsense will happen again for a long time (subprime auto may be a different story). In regards to your 2019 comment, are you referring to the housing market specifically, or the market as a whole?
Ut ea odio debitis ab harum nobis. Repellendus ullam numquam in quia deleniti nobis. Aut repudiandae qui velit illum. Nemo nihil inventore soluta. Ut molestias qui id ut praesentium autem.
Totam amet et repellat nulla. Quasi quibusdam dolores perferendis qui occaecati eius. Facere temporibus amet beatae nihil. Quis est et labore sed illo aliquam. Quaerat quam vitae cupiditate iure.
Beatae ad eveniet quia nesciunt ut quisquam. Ad hic debitis alias omnis vel. Ex earum odit aperiam id fugiat ab qui. Omnis repudiandae enim quia quis rerum molestias.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...