Gene Hacker

Investor, Inspector in Kern County

[Gene Hacker @KernTrends]

@1RentalataTime It looks like sub $300k sales fell because that product is so much more rare.

[Gene Hacker @KernTrends]

@davidpattersonx Desirable land (for ag, timber or residential) cannot be created by robots or AI. Robots may be able to cut down trees cheaper than human labor, but they cannot make forests grow faster. Some scarcity will still exist.

[Gene Hacker @KernTrends]

@1RentalataTime Two and three were hard hitting for me. I still don't really agree with number one, but I get where he is coming from. An owned house may not make you money every month, but it pays a healthy dividend (shelter).

[Gene Hacker @KernTrends]

@dfwaaronlayman Goals

[Gene Hacker @KernTrends]

@1RentalataTime It would drive our job creators overseas

[Gene Hacker @KernTrends]

@shawngorham The location and climate is as good as it gets. Our leadership is the big downside. I with this amazing place had equally good government. It is sad how bad it is getting.

[Gene Hacker @KernTrends]

@1RentalataTime He should look at a historical chart of the median home price in grams of gold.

[Gene Hacker @KernTrends]

@LoganMohtashami So much risk with a mandatory exit date. What if the market is down when you are forced to exit. This makes no sense at all.

[Gene Hacker @KernTrends]

@1RentalataTime There were dozens of other crash predictions over the past 15 years. It is amazing anyone listens to these people with their track records.

[Gene Hacker @KernTrends]

@TannerBuilds You can respond saying your a business owner and the lost revenue would create a financial hardship.

[Gene Hacker @KernTrends]

@loganb @KAErdmann This is absolutely correct. This just deprives renters of the opportunity to choose a SFH over a multifamily property. They should incentivize build to rent. More supply will keep prices down for both renters and buyers.

[Gene Hacker @KernTrends]

@nickgerli1 @RickPalaciosJr Most non-intuitional landlords are not great at keeping up with rental rate increases. Even though they are raising rates, the renewal renal amounts are still below current rental rates in many cases.

[Gene Hacker @KernTrends]

@LoganMohtashami You did a good job not laughing.

[Gene Hacker @KernTrends]

@LoganMohtashami Peter should check out the charts of homes priced in grams of gold. Priced in gold, homes are wildly cheap.

[Gene Hacker @KernTrends]

@grok @LoganMohtashami @PeterSchiff 2023: In an April 2023 X reply, he stated that much of homeowners' equity "will go away" because high mortgage rates would force real estate prices to "drop significantly" to make homes affordable to buyers.

[Gene Hacker @KernTrends]

@grok @LoganMohtashami @PeterSchiff 2022: In a September 2022 X post, he predicted that as pending home sales fell sharply, "prices follow. As prices fall, defaults follow," leading to a financial crisis.
I

[Gene Hacker @KernTrends]

@grok @LoganMohtashami @PeterSchiff 2019: In an August 2019 X post, he noted that even with falling mortgage rates, pending home sales were declining, stating "home prices must fall" and that the collapse would be greater once rates rose.

[Gene Hacker @KernTrends]

@grok @LoganMohtashami @PeterSchiff 2018: In an October 2018 X post, Schiff warned that if the Fed didn't cut rates soon, "real estate prices will collapse," estimating 20-30% drops in most markets and 50%+ in bubble areas, leading to wiped-out home equity.

[Gene Hacker @KernTrends]

@1RentalataTime If you are getting 8 loans, the lenders are going to be really careful when it comes to underwriting and keeping LTVs reasonable. It is pretty hard to become over leveraged considering how lenders handle rental property loans.

[Gene Hacker @KernTrends]

@davidpattersonx I can see public sector unions delaying progress by pushing to keep humans in roles. I can see the teacher unions negotiations turning to keeping human teachers in roles that AI can do better and cheaper. It will not last forever but I can see it delaying the inevitable.