/biz/ - Business & Finance

>tfw my whole IRA is in SQQQ

>>28963050
This. 40yr old boomer here. Don’t give in to the fucking ponzi. Keep investing in crypto and live in a fucking hotel/airBNB (cheaper than renting at the moment) or with mum/dad.
Let the boomers fight it out to the bottom when they haven’t got anyone to sell their one bedroom 1/2million BTL shitboxes to.
The revolution needs to happen. The Covid global recession and forthcoming inflation is your only chance for a catalyst to inflict the pain needed to play the ultimate crypto zoomer hand.
Basic living needs like a home shouldn’t be x8 times the national average earnings, the boomers have made you think this is normal but it’s not. They made you think you’ll get the same returns/pensions/retirement as them.You won’t.
It’s all going down the pan but they’ll make you pay for it whilst they’re still around enjoying your labour after retiring at 50 while the ponzi is in full swing and let your generation deal with the consequences.

>>28447256
M1 finance. Good for 30 yr old boomer...highly recommend.
UI food analogies to communicate with amerilard users

Look you biztards, if the S&P500 shits the bed and crashes hard in the next few months, BTC goes back to $3k and LINK follows simple as. No amount meme lines can stop that happening.

Zoomers have no experience of house price declines.
House prices are anchored to multiple of earnings and the banks willingness to lend.
Banks have already deleveraging risk by removing higher LTV mortgage products. Pensions funds have suspended property funds due to incoming ‘volatility’.
There’s going to be millions of unemployed and defaults yet you zoomers still think house prices goes up in recessions?
The boomers really did dab on you poor souls with ‘bricks and mortar only ever goes up’ meme.
Pro tip: inflation is coming. When that gets out of hand what happens to interest rates? Lots of over leveraged mortgage debt goes pop.

>>20788948
Same. I had the Testarossa and a Countach in framed pictures on my wall in the 80’s. I too shall own it one day. The 80’s was pretty much the best decade for everything.

>>18016840
nope.

Commercial Market =/= Residential Market

The residential market is going to crash again, but not until this summer or fall. I'd be surprised if residential real estate drops more than 50% though. Some areas might, but overall I suspect negative 35-40% will be the national average.

>>17826713
During a recession invest in yourself. Go back to school, learn a trade, get tech certs, just do whatever you can to make yourself more appealing in the job market. In 2008 I was in Uni and using scholarship money to pay my tuition. Literally graduated with $2000 in debt, drove a nice car, went on a nice vacation with my hot GF, and got a job 2-months after graduating.