/biz/ - Business & Finance

The inflation will be preceded by a deflation
Sell your house, buy two-three identical houses on the dip, wait for the inflation

yeah you clearly have no idea how any of this works and youre going to get BTFO'd so fucking hard kek

slowing down economy = deflation

>massive death wave killing a lot of people who own property
>somehow the housing price is going up
how does that work, exactly?

>2x value when dollar inflates
More money in circulation means its easier to acquire mortgage. Easier to acquire mortgage means all those empty forcelosed homes become open to the masses again.
That happens? Your home loses value, buddy. There will be too many options to choose from on the market. It's about to be a buyer's market.
You'd have a point if the past decade wasn't full of massive construction with people watching on the sidelines due to bad credit.

>>18000502
where should I live meanwhile stupid zoomer?

>>18000537
having a house in the right area and not like Midwest boomer land?

>>18000514
thanks for your no info input

>>18000537
J e w s

>>18000537
more dollars in circulation, meaning easier to borrow, meaning more people can afford and bid up things

>>18000556
Well if you bought LINK you would be able to rent a nice house for a few months.
You didn't? Sad!

>>18000620
I am a forever believer in LINK and Sir Gay

>>18000537
>killing a lot of people
NO IT ISN'T. It's just that news is paying attention to these deaths. In the grand scheme of things mortality rate hasn't significantly changed

I'll turn thirty in 2 months. Bought my first house 2 years ago. Already up 50%. Once corona blows over and the financial / currency crisis continues I bet I'll see another 2-3x. RIP rentlets.

>>18000480
boomers are 60+ yrs old and any one calling 30 a boomer is a dumb retard not only memeing wrong but is stupid. 30 is a millenial still yet you dumb retards cant even get that right. are you another stupid zoomy zoom?

>>18000655
30 yo boomer is a mindset

>>18000655

Millennial is 20s, when you turn 30 you become a boomer.

I'm a 30yo boomer, I live modestly and try to save half my income and have never been even close to being in a position to buy a house within 100km of where I work.
Who exactly has the money to buy your house for twice what you paid?

>>18000655
I thought 30 year old boomer meme was just about millenials who aged poorly

>>18001514

With all the money printed in the last 2-3 years people who job hopped or asked for raises doubled or tripped their income to remain competitive, while a lot of laggards are still working for half of what is a competitive salary and asking "how could I every afford a house" while not understanding how you have to up your income 10% every year to keep up with price increases.

>>18001641
You're correct, it's about time for me to jump ship to a new company and a different city. My last request for a raise was denied so I just do way less work every day while I wait until my lease is up.

>>18000480
>millions lose their job
>economy grinds to a dead stop
>my house will go up in value, right?

you really are retarded.

>>18001785

Construction is stopped. No new homes. And people will be loaded with Trump bux out bidding each other, getting infinite term interest only mortgages from fed 0% rates.

>>18001870
>loaded with trump bux
>$1-2k

Do you now know how much houses cost? That's a drop in the bucket.

>>18000480
More like 0.5X
Home owners btfo soon

>>18001913

Another $2k/month would probably qualify you for another $250k in an infinite term 1% mortgage.

>>18000480
Aren't boomers 56 and up?

>>18001954

Boomer: >30
Millennial / unaffiliated: 20-29
Zoomer: <20

>>18001977
That's definitely not how it works.

>>18001785
you think homes close to SF, Chicago or NY or DC will go down in price? no

>>18002018
>paying $1000/sq ft. to live in kike shitties

someone people were born to lose.

>>18002013
Boomer is more a meme now than actually meaning Baby Boomers. Boomer meme is just old fags which can be anywhere over 30-35 stuck wagecuking, supporting a family, shackled with a mortgage, etc.

>>18001785
Where are the millions losing their jobs? Idk anyone who lost their job. Worst case scenario some people will be layed off for a few months and they can still collect EI. This is a nothing burger in 2 months we will recover and get record highs cause everyone will be spending their money

>>18000655
Newfag spotted

>>18002065
if I didn't have my girfriend I wouldn't know anyone who lost a job. I work in tech and everyone thinks it's fine. My gf is a waitress and everyone she knows in restaurant and retail have lost their jobs and filed unemployment. I mean everyone.

>>18002139
Yeah because we are quarantine for a month. They didn't lose their job it's a temporary lay off

>>18000480
I'll buy a house in a couple months when housing prices are half what they are now. Been waiting for this but I'll be honest I thought itd be another 5 years or so.

>>18000620
>renting

>>18000644
Correct but contagion rates are increasing because we are literally retarded. More infection more deaths.

>>18002163
It's not like a switch you can turn off and back on after a month retard. Corona chan is not going to back its bags and go back home to Wuhan. It's going to come in waves. There is still going to be fear, social distancing, businesses that went bust, people who couldn't make mortgage payments, rent, car payments, businesses who couldn't pay wages, leases for buildings, machinery and goberment that is strained giving huge handouts to businesses and people. Are you 10 years old or a fucking moron? Even if you play a game like Civilization or Sim City and ignore things for a short time it has huge consequences. In real life shit gets sucked.

>>18001951
Its not per month.

>>18002271
Guess I should be thankful I have a job that is considered "essential" and make good money so this literally won't affect me at all.

>>18002276

Of course it is. They're starting now and we haven't even felt 1/10th the pain yet. In a month they'll be talking about permanent payments to placate the populate so that rioters don't roam the streets dragging millionaires out of them homes to hang them in the streets..

it's a pretty simple formula
when boomers are underwater you buy

I'll drive around and wreck all these little faggots
big macs and signature sandwiches in the drive thrus sound goooooood

>>18002302
Good luck.

>>18000480
>My $200k starter home drops to $150k
>The $400k house I'm eyeing drops to $300k.
Buy the dip

>>18002065
the federal government has ordered states to withhold unemployment numbers. are you incapable of reading between the lines? yes, a lot of these jobs are worthless service industry jobs that pay $10-15/hour to burnout retards. but these burnout retards still make the broader economy. they will default on loans, they will miss rent payments and cause their landlords to miss their mortgage payment. lending standards will tighten, people will spend less money in aggregate. house prices will go down, even in kike cities.

>>18000593
>he thinks the dollars are going into circulation in the braoder consumer market

Man the trillion pumped every day doesn't go anywhere. It just immediately gets set on fire to cover derivatives.

Youre in a better place than most if you don't have any debt and own your home, but homes are about to take a big cut in price.

>>18000480
So anon, what’s the viable alternative? Renting? You realize more mortgage payments at today’s historically low rates are lower than most rent payments? Couple this with the fact you can apply for an FHA loan, which brings your LTV all the way up to 96%, meaning you only have to put 4% down to secure a loan at historically low rates? The only way renting becomes economically more favorable is if you can somehow earn an outrageous rate of return on your initial contributed equity, the 4%. Come tax season I can write off my mortgage interest as well as any capx on the property, saving me additional money I can reinvest into other properties. By all means, keep believing the renting meme.

>>18000480
When the dollar inflates and your house doubles in value, you will still be able to use that money for the same amount of goods as EVERYTHING will double in price.
>>18000655
>>18001954
shit bait.

>>18002658

Nah the thing is when you buy a house you have typically have 5-10x leverage with a mortgage. So if you put 10% down on a house, and it doubles its value in monopoly bucks, you just 10xed your monopoly dollars, and 5xed the real value.

>>18002324
>my loan increases too so I can now borrow 300k when I could max out at 200k 1 year ago

>>18002403
yes of course, but in the mid term it will affect inlfation and how much banks can give out

>>18002482
sir, I think you should read my post again. I am basically agreeing with you, the coming years will be great for property owners

>>18002658
yeah not everything will be static, but FOR SURE also rents will then 2x. I will not pay more dollarinos for my house, hence getting more purchasing powre in general while paying down equity with free money