All Forum Posts by: Jake M.

Craig Anderson: I don't think all of your opinions about the Walla Walla real estate market are correct. I have friends that own hundreds of units in the area, and since housing supply is so limited and demand so high, the prices for both rent and houses has gotten very high for the area. I have been looking extensively for the last 4 months for a property outside of town with land in the area. Everyone is fleeing the cities for the country with no end in sight. Prices still going higher, and availability is going lower. WA state gov does have emergency order for rental evictions during covid with a few exceptions, such as owner selling house 60 day notice, and owner moving in to occupy rental on 60 day notice. A few other emergency exceptions. The word from landlords that I know is that most renters are paying as usual because who will ever rent to them in the future if they don't. People I know who bought rentals back when they were cheap are considering selling high and buying more rentals in a cheaper market.

Leatha L. Luttrell, good to hear it was of some use.

Bob Prisco, PS: You telling me what to I should or shouldn't read. Typical wannabe liberal dictator.

Bob Prisco. Nice narrative you have there, lets not think because it is negative. PS: LOL to you thinking I watch main stream media. Wallow in ignorance and complacency bias. Good luck with that genius.

Sam B. I guess it depends in what way the economy crashes, and how bad it gets. But I agree. Marcus Auerbach. How stock prices effect real estate prices is another worthwhile aspect to consider. Doesn't hurt to look at this report from th Pentagon’s Joint Special Operations University with their prediction for the lawless future of US cities. https://theintercept.com/2016/10/13/pentagon-video-warns-of-unavoidable-dystopian-future-for-worlds-biggest-cities/

I think despite inflated real estate costs in certain markets, it is still a good investment. Even if things turn for the worse, the gov will prop it up and people will still keep making money. If the US economy collapses the world economy will probably follow and we will all have bigger problems to deal with,

https://www.americanbanker.com/articles/shadow-bank-weaknesses-forced-feds-market-rescue-quarles-says https://www.forbes.com/sites/walterloeb/2020/07/06/9274-stores-are-closing-in-2020--its-the-pandemic-and-high-debt--more-will-close/#67303d6d729f https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/ https://www.greenwichtime.com/business/article/A-new-credit-bubble-gets-ready-to-burst-13911193.php https://www.zerohedge.com/economics/real-unemployment-rate-21-and-heading-higher https://www.weforum.org/agenda/2020/06/now-is-the-time-for-a-great-reset/ https://www.zerohedge.com/news/2018-11-22/did-imf-reveal-cryptocurrency-new-world-order-end-game https://www.imf.org/external/pubs/ft/fandd/2018/06/pdf/fd0618.pdf https://www.zerohedge.com/crypto/bank-england-governor-signals-central-bank-digital-currency-coming

Sam B. "Who's going to buy all the real estate if everyone is broke? You're making a case for a down real estate market with this post." Not really. If the dollar crashed, real property becomes more valuable. Unless it gets real bad, then water, food, guns and ammo will be the new big commodity, oh and tp. People will always need properties to live and do business from, so buying, selling, and leasing property will continue. It may be that only investors or investment groups would have the assets to buy or sell real estate. But that doesn't necessarily eliminate the possibility of some form of trading real estate property. Unless we go to a new system, and some state or government took possession of all real property to fund US debt, and private property ownership went away.

I would like to know the difference between how functional and reliable servicing is compared between Movement, Guild, Primary Residential Mortgage, Inc, Paramount Residential Mortgage Group.

I think it is more likely that the dollar, banks and the whole economy will crash rather than the real estate market. Real estate will become even more valuable if that happens. huge business loan credit bubble from CLO's that is threatening the stability of the financial system. With more than 10,000 businesses closing and more on the way, the second covid shutdown coming, over 1 million unemployment claims per week with total claims in the last 17 weeks of 51.3 million, and an official unemployment rate of 11% and real unemployment rate somewhere between 20 and 30%, and 4.1 million loans in forbearance = 8.2% of all mortgages, output is 11% lower than December of 2019, plus pending social unrest from either way the election goes, the whole system is unstable. And what about all of the commercial real estate that is vacant, not being paid for, and being destroyed by protesters, and the business that cant operate due to protests. Or who is going to buy all of those bonds produced from all of that money printing. “We may be seeing significant pricing disconnects between the market and economic fundamentals, which could result in sudden and sharp repricing,” Federal Reserve Vice Chairman Randal Quarles. Such factors left central banks with no option other than intervening, he said, speaking in his capacity as chairman of the global Financial Stability Board.