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Thread: Anyone selling and renting, in anticipation of a crash?

  1. #21
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    Quote Originally Posted by JohnnyHockey13 View Post
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    I just feel a need to point out that oil actually went to negative and there have been mass layoffs the past few years and real estate never crashed.
    The people who survive $20 or lower oil are the ones who manage themselves accordingly during $120 oil. There are some people whose greatest risk is themselves.

  2. #22
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    I knew that solid gold floor was a bad idea.

  3. #23
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    I think people MASSIVELY overestimate the windfall 120 dollar oil would bring them.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  4. #24
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    Quote Originally Posted by killramos View Post
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    I think people MASSIVELY overestimate the windfall 120 dollar oil would bring them.
    They always have.

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    I'm a bit confused by this thread. OP sells land to hold cash and rent...isn't that NOT something one would want to do when inflation is going up, unless you plan on investing that cash to hopefully offset the inflation?

    I actually went the other way, we just bought 4 acres of land, I think the price was fair and wasn't inflated like home prices are, and I think it's safer to hold onto that asset then to have a ton of cash sitting around during an inflation push, no?

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    Seems like not everyone agrees on what's going to happen in the future.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Quote Originally Posted by eblend View Post
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    I'm a bit confused by this thread. OP sells land to hold cash and rent...isn't that NOT something one would want to do when inflation is going up, unless you plan on investing that cash to hopefully offset the inflation?

    I actually went the other way, we just bought 4 acres of land, I think the price was fair and wasn't inflated like home prices are, and I think it's safer to hold onto that asset then to have a ton of cash sitting around during an inflation push, no?
    when people say they are worried about inflation, often what they mean is that they are worried about CB responses to inflation (ie higher rates)

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    Quote Originally Posted by Buster View Post
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    when people say they are worried about inflation, often what they mean is that they are worried about CB responses to inflation (ie higher rates)
    Ah makes sense then. I was fortunate enough to borrow money for my first home from family so never had a mortgage, and my new place I will be building on my acreage will require me to dip my town into HELOC and eventually a mortgage, so guess I will join normal folks and care about higher rates as well, unless I win the lottery

  9. #29
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    Quote Originally Posted by ExtraSlow View Post
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    Seems like not everyone agrees on what's going to happen in the future.
    Seems like something we should be arguing about!
    Ultracrepidarian

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    Quote Originally Posted by msommers View Post
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    Seems like something we should be arguing about!
    No it should not, you peenor licker.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Quote Originally Posted by Buster View Post
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    when people say they are worried about inflation, often what they mean is that they are worried about CB responses to inflation (ie higher rates)
    I've been told that gov'ts can't raise rates because of all the debt they took on.

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    If you hear something in regards to government or monetary policy that seems to make sense, then you misunderstood.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    It's not that they cannot raise rates, it's if they do, we have a lot bigger problems than the values of our homes.

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    Quote Originally Posted by Buster View Post
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    when people say they are worried about inflation, often what they mean is that they are worried about CB responses to inflation (ie higher rates)
    Wouldn't that still mean its better to buy back into the market now when rates are lower? If inflation spikes up and CB raises rates so mortgages are at 3% then you'd lose if you are sitting on the side with cash, no?

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    Quote Originally Posted by Cagare View Post
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    It's not that they cannot raise rates, it's if they do, we have a lot bigger problems than the values of our homes.
    There is this misconception that gov'ts have a choice in the matter.

    Four words: "Arm's length central banks"

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    Quote Originally Posted by pheoxs View Post
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    Wouldn't that still mean its better to buy back into the market now when rates are lower? If inflation spikes up and CB raises rates so mortgages are at 3% then you'd lose if you are sitting on the side with cash, no?
    Check your mortgage agreement.

    Note how one-sided it is. Like, you have to pay on time and shit like that. How annoying.

    Meanwhile, note how there are no conditions like

    "Bank cannot call in the loan"
    "Bank cannot refinance the loan"
    "Bank cannot renegotiate the terms of the loan"

    I guess I sound like a nutter right? Except I know someone whose property loan got called last year. So, um, enjoy those rates.

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    Quote Originally Posted by ExtraSlow View Post
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    No it should not, you peenor licker.
    Ultracrepidarian

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    .
    Last edited by KRyn; 03-11-2022 at 10:46 AM.

  18. #38
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    Quote Originally Posted by suntan View Post
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    There is this misconception that gov'ts have a choice in the matter.

    Four words: "Arm's length central banks"
    Oh, I agree, they are independent. It's still not an easy decision to raise rates to control inflation when you know the impacts it could have on both government and general population.

    At the same time we cannot say that politicians do not have influence over them. I mean they appoint the governors of the banks.

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    Quote Originally Posted by KRyn View Post
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    Haha, I love Garth. Just haven't kept up on his blog in recent years. I really need to go back to that.

  19. #39
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    Quote Originally Posted by Cagare View Post
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    Oh, I agree, they are independent. It's still not an easy decision to raise rates to control inflation when you know the impacts it could have on both government and general population.

    At the same time we cannot say that politicians do not have influence over them. I mean they appoint the governors of the banks..
    The alternative to not raising rates is currency depreciation, which is even worse because it results in a breakdown of trade.

    There seems to be this overriding notion by very ill-informed people that there are no consequences to not raising rates.
    Last edited by suntan; 05-03-2021 at 11:03 AM.

  20. #40
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    OP's strategy has its risks. Calgary real estate is actually very reasonable relative to incomes. Assume conservatively that a couple makes $100K gross between them. Average house is only 5X that. There's probably a bigger risk of prices steadily increasing vs housing crash. Very different from Van/TO situations. Personally I think we live in a location where renting vs buying is fairly balanced and you should do whatever makes sense for your personal situation rather than strictly looking at the financials which are fairly balanced.

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