Biden Will Drop Out Of 2024 Race—And This Is What May Happen Next: Steve Forbes

[WyattEarp]

Yup. And the banks are already foreclosing. Its going to cascade.

There's a big difference if its just cyclical versus structural. Once the Fed cuts rates and the business cycle returns to a normal trajectory the housing shortages can come back very quickly.

If a Florida condo building is underfunded for future maintenance and an owner with a small amount of equity walks away that's not a market condition.

I've posted extensively that the business cycle is normal and inevitable. Joe Biden nor Donald Trump can't prevent recessions. The same is true of the real estate cycle. Unfortunately, some will now always think we are heading for a 2008-2009 crash every time the cycle turns.

 

[Butler1000]

There's a big difference if its just cyclical versus structural. Once the Fed cuts rates and the business cycle returns to a normal trajectory the housing shortages can come back very quickly.

If a Florida condo building is underfunded for future maintenance and an owner with a small amount of equity walks away that's not a market condition.

I've posted extensively that the business cycle is normal and inevitable. Joe Biden nor Donald Trump can't prevent recessions. The same is true of the real estate cycle. Unfortunately, some will now always think we are heading for a 2008-2009 crash every time the cycle turns.

Its not just underfunding. They are asking for 100,000+ levies on top of increased monthlies. And the owners can't get loans to pay it. So they have to sell. But the market has flooded and any buyers will have to take it on. Then there is the massive insurance fees now charged. I see craploads of firesclosers and lawsuits coming. And no buyers.

Go look at listings. Its bad and its going to get worse. Once these things start banks will panic. But this time its also large private equity firms on the hook after their buying sprees. Both in commercial and residential across the country. There are fire sales happening now.

Its all fine to say it's cyclical but when people lose homes, lose dreams they will be ugly.

 

[WyattEarp]

Its not just underfunding. They are asking for 100,000+ levies on top of increased monthlies. And the owners can't get loans to pay it. So they have to sell. But the market has flooded and any buyers will have to take it on. Then there is the massive insurance fees now charged. I see craploads of firesclosers and lawsuits coming. And no buyers.

Go look at listings. Its bad and its going to get worse. Once these things start banks will panic. But this time its also large private equity firms on the hook after their buying sprees. Both in commercial and residential across the country. There are fire sales happening now.

Its all fine to say it's cyclical but when people lose homes, lose dreams they will be ugly.

I'm sure many of us have been following the Florida condo market. All of what you said is true. It is however not a systemic failure of the residential real estate market nationally.

These FL high rises were simply overvalued because repair and maintenance liabilities were ignored and kicked down the road. The State put an end to that due to safety concerns. The market will return to an equilibrium when it is sorted out. It might be a great time to buy a FL condo in one of these undercapitalized buildings if you can stomach the uncertainty.

Bad condo association finances is one of the great risks in good real estate markets and bad. I wouldn't get caught up with the doom and gloom articles you can always find. The U.S. didn't go from a big housing shortage two years ago to a big surplus. It wasn't physically possible to build that much housing.

Don't forget the State of Florida was trying to prevent Chinese nationals from buying property. They were fighting the Feds in court on the law. Perhaps they won't be so eager to fight for this law.

 

[mjg1]

This right here is why you can't have a substantive debate with a left wingnut.

I don't want a debate with MAGA cult idiots!

 

[dirtydaveiii]

I'm only reporting what I read from official sources.

There are some areas where the prices are shockingly high. There however is evidence of pullback in grocery and restaurant prices. I'm hearing real estate prices are soft depending on the city.

MAGA fight

 

[dirtydaveiii]

You don't believe that inflation is really 3% do you?

It's more like 300% and will go to - 3000% under Trump right Einstein?

 

[TomFord1980]

Old Joe could be in a coma and I would still vote for him rather than the MAGA cult messiah and his cabal of right-wing fascists & grifters!

A vote for dumb Donald is a vote for MTG, Steve Bannon, Michael Flynn, Jared Kushner, Stephen Miller and so now....fascists, grifters and fools.

Youre nuts my man. Demented old Joe is 95% comatose. Arent you the least bit curious about who his handlers are? The ones that change his diapers

 

[wigglee]

So Biden should step aside but the convicted felon should carry on?? Just asking for your personal opinion.

ps...I would love for Newsom to be running instead of Biden.

Trump is far more mentally compromised than Biden is....the debate will be entertaining.

 

[K Douglas]

I don't want a debate with MAGA cult idiots!

Why because you'd get your ass handed to you in a real debate on issues?

 

[TomFord1980]

Trump is far more mentally compromised than Biden is....the debate will be entertaining.

This has to be sarcasm. Either that or your algorothm is lying to you

 

[silentkisser]

Did any House Committee ask for the tapes of Trump's deposition? I don't recall anyone in Trump's Administration not allowing release of the Mueller deposition tapes.

It's a good point if you can actually source this past event.

I'm sorry, I misspoke. Trump didn't block the tapes release...because he refused to be deposed under oath. Instead, they allowed him to write out his answers....

Would have been interesting how many memory issues he might have developed when questioned about his shady dealings....

 

[silentkisser]

Why would anyone think a 78 year old is firing on all cylinders? That would seem to be unrealistic.

Biden will certainly have his opportunity at the debate. I'm guessing he does okay there. The challenge for Biden is to keep up the pace during the next five months of the campaign. The reduced level of campaigning in 2020 was an anomaly. I'm fairly certain Trump will be traversing the country extensively. The contrast probably won't be helpful for Biden.

You have to allow for some reality into your arguments. As I said, voters can gauge who seems to have vitality and stamina. It's a real issue for Biden, but I don't think it's "thee" issue. Biden needs to get out there. He needs to sell his policies and plans for the future. Simply having Biden and his surrogates attacking Trump probably isn't enough of a strategy.

It's always easier for the Presidential challenger to mount a campaign against the current Administration and its policies when the mood of the country is apprehensive. If you don't believe me, just wait for the next electoral challenge to Trudeau and Liberal party leadership.

I don't disagree with you. Biden is old and he the pace of a campaign is gruelling. However, I think he's a decent campaigner, and can sell his message. Trump is looking more and more decrepit, forgetting names of people or even the place he's in. I think if the media applied the same scrutiny to Trump that they do Biden, there would be a lot more concern. And, you just look at how the right-wing media selectively crops videos of Biden to make him look feeble or no connected. It's a sham and bullshit. Truthful reporting has never been Fox's strong suit, but they are sure as fuck amplifying any issues, even if they are made up.

 

[silentkisser]

Failure is doing nothing and looking bad while doing it. But for the first time in awhile a place holder isn't good enough. People are going to look hard at her and her leadership qualities. Her ability to project American Foreign policy. Her ability to actually use the Military for USA interests.

People forget one of the President's jobs is the kill people. To literally sign the papers authorizing deaths on foreign soil. Its what ages them. And to also, through diplomatic language, threaten other nations to keep the USA as the #1 nation. While simultaneously project empathy(stick and carrots). And as the self proclaimed world's policeman to do the things neccessary.

She doesn't have the charisma, force projection, It factor, to do it. Its that simple. She would be one of the weakest Presidents ever. With the world questioning her decision-making, and her own nation not trusting her.

This can lead to two things. Underperformance which leads to a leadership vacuum, or perhaps worse, a lack of forethought leading to bad decisions that escalate things. On the world stage. And within the nation.

Look at her approvals. People don't trust her.

I think you misunderstand the job of vice president. And, how do you know she isn't charismatic? Right now her job is to support the president, not make a name for herself. That's the job. She isn't supposed to show off her hard or soft power. And, as I said, you and her critics have brought nothing to the table regarding what she's "failed" at.

Instead, they make up controversies, like when she bought expensive cookware while on a trip to Paris...I'm also pretty sure she would have the "guts" to handle those messy parts of the job.

 

[mjg1]

Why because you'd get your ass handed to you in a real debate on issues?

According to who, other MAGA idiots or Fox fake news viewers, the Alex Jones demented fanboys.

 

[dirtydaveiii]

Why because you'd get your ass handed to you in a real debate on issues?

MAGA logic dictates that he who uses more caps and bolder text wins the argument regardless of.context. When proven wrong divert to what about Biden, previously Hillary and previous to that Obama. Deny the facts and question where the facts came from. MAGA Bible 101

 

[dirtydaveiii]

According to who, other MAGA idiots or Fox fake news viewers, the Alex Jones demented fanboys.

Alex Jones fox, Rudy, Donnie, Bannon were all set up by soros so the real TRUTH would nott get exposed. Don't you follow the MAGA Bible sold by DJT along with his sneakers and NFTs ?

 

[The Oracle]

. I think if the media applied the same scrutiny to Trump that they do Biden, there would be a lot more concern made up.

What!!....LOL...What!!

MSNBC, CNN, NY Times, TWP are full time Trump derangement.

 

[TomFord1980]

What!!....LOL...What!!

MSNBC, CNN, NY Times, TWP are full time Trump derangement.

The left wing looney tunes fail to realize this. Its like theyre brainwashed by Don Lemonhead and Joy Reid.

 

[WyattEarp]

I'm sorry, I misspoke. Trump didn't block the tapes release...because he refused to be deposed under oath. Instead, they allowed him to write out his answers....

Would have been interesting how many memory issues he might have developed when questioned about his shady dealings....

Given you first note your own memory lapse, it seems more than odd that you would then move right along in your post attacking Trump's memory.

You're making me and my cognitive senses feel young.

 

[WyattEarp]

MAGA logic dictates that he who uses more caps and bolder text wins the argument regardless of.context. When proven wrong divert to what about Biden, previously Hillary and previous to that Obama. Deny the facts and question where the facts came from. MAGA Bible 101

Do you have any self-awareness? You're like a broken record citing Trump's conviction and twenty-five year old rape suit in response to the most unrelated conversations.