In Summary SVB’s crash and bailout will slow the home price crash, but the Fed will decide. Short Term: Home prices will find support due to a sudden decline in rates Mid-Term: Home prices will keep declining till Fed keeps hiking rates Long Term: Home prices will skyrocket once rates start declining
90098699556lso, I will pledge next week, your market insight is spot on, and I would like to repost it to about 30K or so RE agents across America. Hopefully they will enjoy it and pledge as well. Would you have any problems with me doing that. Additionally, I am getting a startup I invested in some capital next week in NY. We will host professional dashboards and homeowner dashboards, and I would like for your data to be syndicated out to them with your permission and fees.
NIK, we have only spoken once on the phone, but I have read your material and I know that you have tremendous, but I have some questions on your recent call on the future direction of housing prices.
First, what makes you think that all the other regionals are not insolvent if they were forced to take proper marks on their tier one assets. At least 500 banks would be shuttered on Monday afternoon if the current administration let Regulators have access. This is not like the last criminal circus that banks caused, but had the FED not stepped in to start buying the Treasuries off lenders balance sheets at a premium, the S&P would be 9% lower.
Also, when we round out at approximately a 28% decline in housing from peak to trough, is that the support level you are utilizing to gauge this huge burst you expect in long term prices. After building support at much lower levels, why would the housing market have this meteoric rise, versus... moving higher at the same growth rates as household income?
Either way, you are a super-sharp guy, and I would like to discuss an opportunity that may become available in the very near future.
90098699556lso, I will pledge next week, your market insight is spot on, and I would like to repost it to about 30K or so RE agents across America. Hopefully they will enjoy it and pledge as well. Would you have any problems with me doing that. Additionally, I am getting a startup I invested in some capital next week in NY. We will host professional dashboards and homeowner dashboards, and I would like for your data to be syndicated out to them with your permission and fees.
NIK, we have only spoken once on the phone, but I have read your material and I know that you have tremendous, but I have some questions on your recent call on the future direction of housing prices.
First, what makes you think that all the other regionals are not insolvent if they were forced to take proper marks on their tier one assets. At least 500 banks would be shuttered on Monday afternoon if the current administration let Regulators have access. This is not like the last criminal circus that banks caused, but had the FED not stepped in to start buying the Treasuries off lenders balance sheets at a premium, the S&P would be 9% lower.
Also, when we round out at approximately a 28% decline in housing from peak to trough, is that the support level you are utilizing to gauge this huge burst you expect in long term prices. After building support at much lower levels, why would the housing market have this meteoric rise, versus... moving higher at the same growth rates as household income?
Either way, you are a super-sharp guy, and I would like to discuss an opportunity that may become available in the very near future.
Thanks Nik..
Jimmy D.