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<blockquote data-quote="Heavy Package" data-source="post: 4257778" data-attributes="member: 70051"><p>K Tiger is spot on. You must be an ostrich with your head in the sand to not see the next big recession is coming soon. I don't care what side you are on politically - look at either outcome of the 2020 election and my bet is that 2021, if not warning signs next year, is going to be the start of a tough couple of years.</p><p></p><p>In the mid Atlantic area houses are now $500k and up for a 1/4 acre track homes? 2-3 kids all decked out with Vineyard Vines clothes and new cars with a total of another $1500/mo in payments. One job loss, one bonus that is cut and these people who are already in debt up to their ears will be in big trouble. No way you can build 1000 home subdivisions and everyone in the area is asking where these people are coming from and where are they working. Big bubble here in housing alone.</p></blockquote><p></p>
[QUOTE="Heavy Package, post: 4257778, member: 70051"] K Tiger is spot on. You must be an ostrich with your head in the sand to not see the next big recession is coming soon. I don't care what side you are on politically - look at either outcome of the 2020 election and my bet is that 2021, if not warning signs next year, is going to be the start of a tough couple of years. In the mid Atlantic area houses are now $500k and up for a 1/4 acre track homes? 2-3 kids all decked out with Vineyard Vines clothes and new cars with a total of another $1500/mo in payments. One job loss, one bonus that is cut and these people who are already in debt up to their ears will be in big trouble. No way you can build 1000 home subdivisions and everyone in the area is asking where these people are coming from and where are they working. Big bubble here in housing alone. [/QUOTE]
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