Posted by E.B. Haymakin' on October 31, 2022 at 12:01:14 from (172.58.248.213):
In Reply to: Home Prices Thoughtd ? posted by whizkidkyus on October 30, 2022 at 21:59:52:
I would wait..the more rates get hiked sales should slow, and prices should come down. Don't know if building materials will fall (don't think so) even if housing falls off a cliff. Cost of production is through the roof. I firmly believe the real estate bubbles prove that our political class use the banking system to "subsidize" the economy. And through the fdic tax payers are actually the ones at risk in default. If you think there's any risk of default buy something you won't get attached to. I don't see how anybody will live long enough to pay off a mortgage. In the 2007/08 debacle the average price of a house around me was 200-250,000. Now there $400,000. Ponzi scheme, pure and simple
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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