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Agreed. If an all-cash buyer walks away form their property they walk away from their own money. Seems this increasing would act as a stabilizing force......Out of Bounds wrote:I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.
That's music to my ears, thanks boss, later...KeiZai wrote:Tna can be counted as impulsive and corrective strucutre as well, fail here then it is 3w str.
$LUMBER is the spot futures price for xxx board foot or something (I used to know details but my mind is blank now, sorry)L_T wrote:Does anyone what "Lumber" actually refers to? Are we talking the cost of something like X number of 2 x 4's or is it more complex? Just curious.Al_Dente wrote:Dougie Short charts the LUMBER problem (limit down yesterday; down 25% In The Past 70 Days)
“Lumber is not the ‘Holy Grail’ of stock market indicators, yet often times it has paid to respect it at the top and bottom of this 20-year channel and its message for the stock market.”
http://seekingalpha.com/article/1465941 ... view&ifp=0
Demand and supply. Increased the price and sell before anything goes sour to those borrowing money from banks in order to buy from these cash buyers.Out of Bounds wrote:I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.
....and I'm out. See y'all tomorrow.Out of Bounds wrote:Closing short
So you are saying it is borrowers who might buy in the future at higher prices are the risk if the economy turns down?Tabby wrote:Demand and supply. Increased the price and sell before anything goes sour to those borrowing money from banks in order to buy from these cash buyers.Out of Bounds wrote:I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.
Then QE ends at some point and employers either don't give raise and prices goods go up. People who owns these houses might feel burden, even though at the beginning they were qualified for purchase of these homes. Making money VS. spending will be out of proportion.
My friends putting higher bids to get the house they want it.
Thanks. I know I can always Google something but I also like real peoples' descriptions as well. Sometimes the robo-font-of-all-knowledge that is the Internet gets to be dull.Al_Dente wrote:$LUMBER is the spot futures price for xxx board foot or something (I used to know details but my mind is blank now, sorry)L_T wrote:Does anyone what "Lumber" actually refers to? Are we talking the cost of something like X number of 2 x 4's or is it more complex? Just curious.Al_Dente wrote:Dougie Short charts the LUMBER problem (limit down yesterday; down 25% In The Past 70 Days)
“Lumber is not the ‘Holy Grail’ of stock market indicators, yet often times it has paid to respect it at the top and bottom of this 20-year channel and its message for the stock market.”
http://seekingalpha.com/article/1465941 ... view&ifp=0
Our quote on $LUMBER is eod end-of-day only
It is famous for calling the ’07 housing top, and others
I’ve been complaining (and charting) about it for weeks
i'm sure google has plenty of stuff on it...
hehe np let's see what happens here russell stopped where he/she should have if the structure is this oneBullBear52x wrote:That's music to my ears, thanks boss, later...KeiZai wrote:Tna can be counted as impulsive and corrective strucutre as well, fail here then it is 3w str.
I don't think those cash buyers buying for primary residency. This is part of their investment. They only target specific locations, Florida, California.Out of Bounds wrote:So you are saying it is borrowers who might buy in the future at higher prices are the risk if the economy turns down?Tabby wrote:Demand and supply. Increased the price and sell before anything goes sour to those borrowing money from banks in order to buy from these cash buyers.Out of Bounds wrote:I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.
Then QE ends at some point and employers either don't give raise and prices goods go up. People who owns these houses might feel burden, even though at the beginning they were qualified for purchase of these homes. Making money VS. spending will be out of proportion.
My friends putting higher bids to get the house they want it.