/biz/ - Business & Finance

>>24651121
Fuck you. Gib addy please sir.

>everyone acting like GME is dead
>bought at 12.49 today
>bought 8.85 earlier in the month
>literally profits out the ass
Pic related is the GME shortsellers/ GME to 4 dollars in a month/ GME late buyers/ GME non believers

>>22864683
I am so sorry for your loss anon.

Don't yank me around, bitches. I want clear and concise answers. Rent here is like $1100 for a basic shitbox apartment meanwhile shitty starter homes go for $300k. I'm preapproved for 2.78% 30yr fixed. I'm bound to this area so long as I have this job, it's mostly remote but there are some things I still need to access my office physically to do.

Everyone keeps REEEEing about all the foreclosures and evictions that are just around the corner which are going to pull the rug on this inflated housing shitmarket. I personally feel like the FED would sooner write off every boomer and airbnb slumlord's mortgage balance in full rather than let the bubble collapse. In light of that, the best day to buy a house is probably always going to be today, because line is just going to go up forever from here on out.

Tell me why I'm right or wrong.

Its fucked we are doomed the global economy is collapsing and crypto is dead we will never make it

>wanted to sell my shitcoin while i was still in profit last night
>waiting on site to transfer eth over
>it dumped while I was asleep
>in red now
>it keeps tanking

AHHHHHHHHHHHHHHHH

So my landlady gave me 2 months notice she's going to kick me out. She's moving into the unit herself which gets around the eviction moratorium, even though I'm a good paypig and always pay rent on time and never cause issues. There's no rentals in my town that aren't shitty overpriced mold dungeons so I was thinking maybe I finally buy a house, not that there's many of those available either.

https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html

This seems like the most detailed calculator out there for this kind of thing. No matter where I set most sliders it seems like buying is probably the smarter move at the moment. Problem is, I'm 100% sure BTC will hit $100K within two years. That means I should set the 'investment rate of return' slider at 500% or so. At which point it makes no sense to buy a house no matter how low mortgage rates are or how much I think the housing market will keep appreciating. Even if it takes BTC 10 years to hit $100k the equation doesn't change.

Am I thinking about this wrong. Basically if I think crypto will go up even +200% in the next decade then it behooves me to keep renting forever and never buy a house. And crypto is not at its ATH whereas houses are, so it seems better intuitively from that angle as well.

>>22151806
>Will home prices fall over the next 4 years or no?
I keep hoping so but I increasingly can't fathom a scenario short of nuclear apocalypse where house prices are allowed to fall at all.

>Boomers die from COVID
There is so much millenial demand it wouldn't even matter
>stonks crash
Flight into 'safe' assets = house prices moon
>hyperinflation
great time to be in cheap debt, house prices moon
>evictions and foreclosures
congress will never let it happen, easier to get the FED to pay mortgages for them, or just make banks eat the loss
>riots and civil war
rural and suburban homes triple in value, urban homes become affordable but only because they are in a fucking warzone

Change my mind, literally nothing will make house prices fall at this point. Ruling interests, boomers, elites, they'll stop at nothing to keep this shit inflated forever. If you can't afford a down payment right now and if you can't swallow your pride to buy a house right now even though it's already 3x overvalued, you'll never be able to afford a home and will become a part of the new permanent rentier-serf underclass.

0.06 BTC
234 KNC
25 LINK
15 XTZ
100 OXT
25 ZRX

0.06 BTC
234 KNC
25 LINK
15 XTZ
100 OXT
25 ZRX

Everyone talks about a housing bubble ready to burst and certainly houses today are overvalued by at least 100% using most available historic indicators. But what actually could happen to crash property valuations?

>Boomers dying
Still 20 years off. Boomers who do die will bequeath their property to their children who won't want to sell any more than the boomers did. They will rent the houses out for passive income.
>More houses being built
Never happening, boomer landlords have zoning committees' collective balls in a vise. Plus construction is by and large shuttered during Corona.
>Money printing and stock market clown antics.
All the more reason for wealth to flee into the safety of real estate, driving up demand and prices. Including foreign money in urban zones.
>COVID will cause mass unemployment leading to mass foreclosures!
Banks would prefer to extend forebearance indefinitely than deal with having to flip a bunch of rotting cardboard boomer boxes.

Most importantly, there is such a glut of blue-balled millennials and now, increasingly, zoomers, who are waiting patiently to buy any conceivable dip in the housing market. If I am wrong on any of the aforementioned points, it doesn't matter because millennial buyers will just pick up the slack. I would love to be wrong on all of this as I am a 29 year old millennial who also wants a piece of the property pie, and refuse to buy at any where near today's valuations. But at the same time, I just cannot think of a reason why housing should ever go down in price. Please convince me otherwise.

>>16369479
matriarchy. All the men are out in the cuck shed.

Does anyone legitimately have their own business they can run from their cuckshed? If so what do you do?

Bros don't let this coin die on me plzzzz

i fomo'd guys go ahead and dump

FUCKING SAW A POST OF THIS LIL MEME IN THE END OF APRIL, DIDN'T BUY.

MADE A POST BEGINNING OF MAY MYSELF, ASKING /biz/LETS WHAT THEY THINK ABOUT THIS COIN, AGAIN DIDN'T BUY

FUCK

How long will you wait before giving up?
Whats your plan B?

Anyone in on U Network (UUU)? Seems like a good team and solid idea plus it is cheap. Thoughts?

is EOS the next ethereum from a sick gains by EOY perspective? why or why not?

That feel when only 5k Linklet. Not gonna make it to lambo land

>>7403931

>bought ETH a couple of weeks ago
>couldn't sell when it mooned to 1200 because muh processing
>it finally cleared during the crash, just as ETH the price I bought in at

Is it over?

>>5788877
nice dub but biz only want to buy high when the announcement comes and there is 100% sure sign, you know.

In a dip they scare to buy but at ath is no problem because they addicted to pink wojack