https://preview.redd.it/805v5j2jqly91.jpg?auto=webp&s=56357df737fab7989ce781b1c4f03f570cd58d0a
Smells like 2008 in here
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Where can I buy those credit default swaps that Ryan Gosling told me about?
Found them on linked in.
…11-50 employees…
I can’t wait to have international superstar Arianna Grande explain this to me from a bathtub in the sequel to The Big Short
Whats the company name? I do residential construction in idaho and everyone works as a subcontractor here lol. No home builders have labor crews anymore. Its all subbed out
Man sure am glad I put my money into Metaverse real estate instead 
Bullish because supports FED pivot. Go opposite world!!
“Biggest home builder in Idaho”
Is what, a family of 4 beavers?
Remember folks, statistics dont apply to small samples.
Where’s Idaho?
Is that for real? I knew someone who just moved to Idaho earlier this year and became a real estate agent. Dude’s fucked. Lol
Idaho has houses?
Oh no! My friends just build a very large custom home in Boise. Because of supply chain issues it’s taken over a year and it isn’t done. I am afraid to ask , but want to know their interest rate and the value of the house now vs when they started.
Mmm, I do love the smell of poverty, economic crises, and Federal Bailouts.
What’s the next catalyst though? RED/RED win? Fed hikes rates Dec? China/Taiwan? Run out of diesel? Which one finally collapses the economy?
Honestly, I’m just surprised they have a real estate market in Idaho.
“Coming to a state near you”!!!
So like 5 people?
In the economic surf, we are still in the swell, the wave has not yet crested. If you know how to surf, it’s time to get paddling. If you dont know how to surf and are already up to your neck, you may well drown. If you’re standing ‘safely’ on the shore, in the words of Maynard, learn to swim.
Things are gonna get rough over the coming months. i don’t wanna put a date on it because I don’t see any of the issues of major concern getting better.
OH GOD NO NOT THE IDAHO HOME BUILDING!
OH JUST OH FUCK OH FU
WAIT
why is this even in CAPS?
200 people in Idaho lose their jobs and it’s 2008
It’s not even about demand and prices of homes, it’s about supply and cost of materials. Anyone who did shit undercooked deals during covid is being rightfully punished.
For the record the Boise and Idaho Falls areas were ranked as two of the hottest real estate markets so don’t underestimate this bit of information. Idaho is actually phenomenal but the locals are trying really hard (and failing to some extent) to keep it a secret.
What’s the builder’s name?
You all fail to remember one thing. And it’s super recent. The Phillies did not win. We’re good to go
This is not 2008, people are not foreclosing on their homes. Over 20% of residential homes in the US are investor owned and those won’t be foreclosed on. Then looking at the other 80% most of them that don’t already have their home paid off have a mortgage below 4% and they are not going to let their house go just because it loses maybe 10-20%.
In fact what we are looking at is a stagnant market and as long as peoples mortgages would be less than the sky high rent it’s not financially smart for them to leave their house. What this could turn into in another 2-5 years is a dip in home prices of 20-40% and investors acquire a large percentage of the market and push home prices even higher and then are able to manipulate the rental market even more than they already do.
Anyone else smelling the Airbnb bull shit that’s affecting the house market
I live in Idaho, this is just a rebound from the insanely overvalued market and amounts to a few dozen employees being laid off. Housing prices are dropping like rocks but still higher than they were in 2019.
4288 Units! ^^(Leveraged.out.my.asshole) Boom!