This could be me
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What are the current vibes at Chiat Day?
Mentor
Conversation Starter
Sooo who’s working on Pfizer’s covid vaccine?
Does AbbVie have a four day work week?
Anyone know about Vista Outdoor?
Interviewing with a few companies and if I do get an offer, I will start in early January 2022. My wife and I are expecting our first child at the end of May. When would it be a good time to bring up that my wife is pregnant once I’m on a team? How long should I take off?
Depending on the company’s policy, I am aware that I may only have a week or two off… Open to taking unpaid leave as well. Deloitte PwC Gartner Boston Consulting Group
Additional Posts in The Real Estate Bowl
Any Property Management recs in Seattle area? :(
Coach
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Mentor
While I understand that negative sentiment towards home prices and interest rates, do people actually understand what a housing market crash would mean? If the housing market crashes, that means home values have deceased by over 30%, which most probably means that the economy is in shambles, people all over the country lost their jobs, homes, and retirement plans. Ultimately, many of those people even die, not to mention that there would be a huge increase in poverty and homelessness.
Coach
I see only one way we get a broad 20+% drop in prices. Really high unemployment. Most people have 3-4k in mortgage payments, credit card debt, 2 cars costing them 2k + a month with all associated expenses. A pretty average life costs 6-10k a month. Unemployment check comes to the rescue at 2k a month. Savings are depleted quickly. Stocks are probably down as well. Houses with negative equity are handed back to the bank. Downturns can last years. Even if you have an emergency fund it’s a bandaid. With 500 people applying for every job wages decrease. It’s all very possible and likely continuing down our current path. When the best moment comes to buy your job will be doing a 10% reduction in staff. There’s never a perfect time to buy.
Coach
It is regional, but those numbers are not unrealistic on the west coast. We’ve got two normal families living in RV’s at my neighbors place. They work blue collar jobs full time, UPS, construction, welding. Homeless people everywhere.
The real kicker, is the housing market will collapse only when all of our parents die.
This is absolutly true. Organic population growth is below the rate to keep increasing the population. There will be a point in the next 10-20 years, when the boomers all pass on, that there will be too many places to live and not enough people. Not many are paying attention to this yet.
Said it in a similar thread, but aside from the “this is totally different than 2008 blah blah blah”, the other two things I consider is that there’s wayyy too many people with the means to both sit out a price downturn (and effectively help wedge the price at current levels) and or start buying up houses once they get a bit discounted. Many of those same people stand to lose money since they’re often invested in multiple real estate properties too.