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03-26-2020, 09:06 AM | #4291 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Hopefully those jobs are still there at the end. |
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Posts: 57,704
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03-26-2020, 09:12 AM | #4292 |
I'll be back.
Join Date: Nov 2002
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IBIO'D UP AT 1.14
LET'S RIDE |
Posts: 286,020
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03-26-2020, 09:51 AM | #4293 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Posts: 52,335
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4 0 |
03-26-2020, 09:56 AM | #4294 |
I'll be back.
Join Date: Nov 2002
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Posts: 286,020
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03-26-2020, 10:44 AM | #4295 |
MVP
Join Date: Jan 2007
Location: Missouri
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Posts: 8,642
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03-26-2020, 01:56 PM | #4296 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
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My Casper stocks are slaying.
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Posts: 14,404
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03-26-2020, 02:32 PM | #4297 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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2008 recession blasted construction, manufacturing and financial / professional sectors employment.
I think an economic depression would mean construction falls off a cliff, if you're bearish then short homebuilders but probably not Lowe's / Home Depot types. Big Finance I could imagine will have layoffs which will ultimately improve their bottom line as IB was already purging entry / early tenured professionals. I think working from home will expose IB and big corp management to the idea that their headcounts are inflated. |
Posts: 43,906
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03-26-2020, 08:25 PM | #4298 |
In Search of a Life
Join Date: Aug 2005
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I like having Green days in my account. I hope it keeps rolling.
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Posts: 43,200
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03-27-2020, 07:58 AM | #4299 |
Veteran
Join Date: Feb 2012
Location: DE
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Posts: 3,816
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03-27-2020, 08:09 AM | #4300 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Not that I think anyone will be buying houses who aren't already in the position where they are immune from the depression, but it's looking likely mortgage rates will go up as lenders raise minimum FICO scores and thus will need higher yields to meet the bottom line.
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Posts: 43,906
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03-27-2020, 08:12 AM | #4301 | |
In Search of a Life
Join Date: Jul 2009
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Quote:
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Posts: 82,341
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03-27-2020, 08:14 AM | #4302 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Posts: 43,906
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03-27-2020, 08:20 AM | #4303 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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My attorney told me he has 15 closing scheduled for next week then crickets. I've been monitoring the list of properties we were interested prior to buying and nearly all are price slashing, one slashed their price twice yesterday.
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Posts: 35,082
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03-27-2020, 08:20 AM | #4304 | |
Veteran
Join Date: Oct 2013
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Quote:
Wife and I are currently building a house. Two months ago I was thinking, "Great...market is doing well and we shouldn't have trouble selling current home AND interest rates are pretty damn low and not expected to rise much if at all." In the past few weeks, rightly or wrongly I've thought that while I'm still not terribly worried about interest rates rising too much by the time our build is complete, I've started being a little less confident in the ease of selling our current home. As it stands, construction hasn't slowed down and builder doesn't foresee much change in original timeline, which is targeted at a late October completion. |
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Posts: 1,231
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03-27-2020, 08:20 AM | #4305 |
In Search of a Life
Join Date: Jul 2009
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Posts: 82,341
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