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This time it’s not different
I keep seeing people say that this time, it’s different and that just makes me wonder if they were around last time. By last time, I mean the 2008 housing bubble. By this time, I mean the 2022 housing bubble. The general consensus seems to be that in 2008, a bunch of stupid people took… Read More »This time it’s not different
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Fed plans to unwind its balance sheet
Today the Fed laid out a plan to unwind its balance sheet. It’s a lot of complex stuff involving caps and redemptions that I don’t totally understand. But there are a few things I’ve come to understand. Fed pours trillions into the economy The first is that starting in 2008 after the financial crisis, the… Read More »Fed plans to unwind its balance sheet
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Trust no one in Real Estate
Hear me out, It’s not that real estate professionals are all dishonest but they are incentivized to see the best in the their industry.
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Dallas Fed says “a housing bubble is brewing”
This week an interesting article came out. Researchers at the Dallas Fed published a report saying that a housing bubble is brewing. This seems super obvious but it’s important to note when the Federal Reserve, that controls our monetary policy, says such things. Now, this isn’t a “Fed Speech”, these are “researchers at the Dallas… Read More »Dallas Fed says “a housing bubble is brewing”
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The Almighty DTI Ratio
Today I read some crazy stuff online that is pretty worrying. On the real estate forums, it’s a common story for people to share their loan information and more and more, I see people putting themselves in a very tight position. Why is this bad? Well, we like ot remember the GFC as being a… Read More »The Almighty DTI Ratio
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Inventory is not Supply
The first thing I learned when I started looking at buying houses is that there are NO HOUSES! Everyone says there’s a massive supply shortage. There are not enough houses for all the people! It’s an extremely scarce resource that if you miss out now, you may never own a house. I saw this scary… Read More »Inventory is not Supply
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Starting
I’m just a regular first time home buyer that decided to document the housing market as experienced in 2022. A little backstory I started seriously considering buying in Fall of 2021. I contacted a loan officer who gave me some numbers at that point. What I found is that I’m able to qualify for and… Read More »Starting