/biz/ - Business & Finance

lmfao

*coof

Good, let those idiots default. Airbnb is such a shitty concept.

>>18222651
Time to laugh and wish that these people never have money or property again

It was basically meant to limit Jewish tricks but naturally they've subverted it over the last 80 years

>>18222651
Good

>>18222651
One more month of mortgage payments and the whole thing kicks off

Are we able to short these wanna-be CDO's?

>>18223107
where does it stop?
can this trigger a bank cascade failure and/or credit default swap armageddon?

>>18223135
Praise Jesus

Good. Fuck mortgage renters.

GEORGIST PROGRESSIVE LAND TAX WHEN REEEEEEEEEEEE

kek

>>18223094
I too would like to know.
Also, any canadian $ etf ideas?

>>18223135
YES

>>18223135
it leads to a slight increase in housing availability for sound stable buyers. this will be a benefit on the other side. there's housing shortages across the country has been for a long time

>>18222651
OH
NOOOOOOOO
THAT
SUCKS

>>18222651
>>18223234

LET THE FREE MARKET WORK

DON'T BAIL THEM OUT, LET THEM GO BANKRUPT

If we bail out people when they have 10+ mortages driving up housing prices and if we somehow kick the can down the road yet again by the time the next crisis occurs they will have 100+ mortgages!

I just quit my job for another so in two weeks I'm getting about 3.5k in vacation time paid out, got another 10k not in shitcoins, and 5k in checking. I'm going to keep setting money aside the next couple months and get an FHA on a 3 bed 2 bath or bigger fixer upper next to work for 100k. I did a lot of remodeling as a teen so I'm going to gut the bitch and redo everything just right. Actually nice instead of that horrid boomer shit like wood linoleum vinyl everywhere and beige walls. It gonna be all white, wood, and stone. Finally gonna have a home gym too. Just need a power cage, bench, and treadmill. I'll cancel my useless 24hr gym that's closed 24hrs a day right now and just keep the membership at the athletic club for the pool.
Best part is my new job pays the same but is only two days a week and full benefits.

>>18223071
What's the difference between one person running an AirBNB and companies running hotels?

>>18223327
the companies consist of many niggers, the airbnb is only one

>>18223327
The gig economy is gay. I want a housing crash.

>>18222651
What app/news site is this?

>>18223327
Hotels don't fuck the housing market for me and everybody else.

>>18223050

Stay away sicko

>>18223356
Yeah this, hotels aren't buying 10 local residences with cheap mortgages

>>18223068
Why? It's not a thing in my country, but it seems like a nice concept to rent out a room to tourists visiting. Though I do see some idiots turned this into a business instead of a supplementary income.

>>18222651
YES! POP ALL THE BUBBLES! AHHAHAHAHAHAHHAHHA!

>>18223350
This. I need a source.

>>18223418
It's a good idea. Just like Uber was. But people are fucking stupid and use apps made for convenient extra cash to try to make it their job.

>>18222651
Every bubble is popping all at once. It's fucking over.

>don’t hold your inverse etfs
>it’s not going to crash again just cut your losses
>theta decay bro stop being a doomed you can’t fight the fed
>brrrr haha

>>18223418

Because renting out your home to scumbag tourists is degenerate behavior and ruins community.

Just another reason living in the city is for suckers.

Well it would have worked for the past 20 years

i have no sympathy for retards who take out multiple mortgages to ruin the housing market for their shitbnbs

Every time I coom before opening the markets tank. Guess what I just did?

>dead-bat bounce

>>18223823
On that chart, we've already hit bottom and the stock market should be around the middle of Nov-Dec.

>Hotels don't fuck the housing market for me and everybody else.
They do, actually, since they equally take up land that could've been used to build normal houses

>>18223068
Concept is fine. Their company however is not. There's a running scam with AirBNB where people ring up, cancel SOMEONE ELSES 2PA, and then have access to their account. They make fake bookings from that account, which automatically give out key codes for places, which then get robbed bare.

Any company that can remove two-point authentication over the phone, without any other form of identification, is fucking ridiculous.

Happened to a friend of mine and I removed me account the same day

>>18223862
Dirty dumb anime poster nigger scum

>>18223929
Based coofer

>>18219992
GZ my leverage calls got liquidated. fuck this dumb market.

>>18223848
this

>>18223932
or just make it random

>>18223930
I'm lubed up
I'm ready
let's go

Can someone explain why literally all big movements are after-hours or premarket? Then when market opens we usually just fluctuate roughly around wherever we opened.

>>18223966
>>18223966
>>18223966
>>18223966
new thread

>>18223961
its kikes, its always kikes

Are ((they)) getting worried?

>>18222651
Good fuck those guys

>>18223863
Not nearly as much as someone buying up actual housing to use as hotels

>>18223225
>Housing shortages
lol I love this meme. More like "there are entirely too many overpriced mcmansions that new homebuyers absolutely do not want to buy"

am i infected now?

>>18224080
Everything is local - in some areas theres plenty in others (SF, boston, nyc, london) theres a concerted effort by everyone other than buyers to minimize development for muh property values

>>18222651
That would be great. Cheaper houses and some airbnb wannabe entrepreneurs go bankrupt.

No different than people taking up leverage to pimp their returns

>>18224128
I really hate the fact that alot of these problems are because of restrictions on housing or building codes

>>18223135
As someone working in finance:

No. There are no derived instruments on houses in the market now. Those have become prohibitively expensive from a capital requirement pov, and also the restrictions on selling such instruments to retail have ramped up massively.

So no spillover effects to be expected from airbnb hosts defaulting. Except for the airbnb hosts probably being bankrupt for live now (VERY different than 2008, where people could just walk away from their mortgage)

>>18224128
Yeah okay the most populous cities in the US have the most expensive and most limited housing markets, what a shocker. That simply does not equate to a nationwide "supply problem" that so many people claim is the issue. A real problem is the people moving out of those areas you mentioned and into less populated but growing areas, and then accepting overpriced rents because that's normal for SF or NYC etc etc. Suddenly a town where rent used to be $650 for a two bedroom house has studio apartments going for $2000.

>>18224224
>no derived instruments
care to translate this into english, egghead?

When I stayed in Osaka, my host said he had 28 other airbnb apartments around the city. Can’t imagine what he’s doing

>>18223824
Pretty depressing when a house sells in your neighborhood, you think you have new neighbors but then realize its another AirBnB

>>18224285
He may be lucky and still get enough businessmen staying to stay afloat

Free market would have never let this happen in the first place. Fake interest rates and easy money allowed them to get the mortgages. If the banks thought they wouldn't be bailed out then they would never have loaned these people so much. But here comes to government to bail them out and reinforce the success of risky lending practices. No doubt we'll need 10 more bailouts every 5-10 years whenever there is some minor crisis and blip in people's razor thin cash flow margin.

>>18223318
>He thinks it is time to waste money on inflated assets

>>18224287
Why would you want neighbors

>>18222651
I know an old out of touch boomer bitch who lives off her Airbnb money. She has no savings and is in six figures of debt with no bookings for the next month. The kicker is that she refuses to find any other work (note: my state is not on lock down and she could still find a job). I hope she loses her house.

>>18222651
Its all about cashflow.

>>18223418
Because faggots like in the OP buy up the houses with debt and drive up housing prices for people who, I don't know, actually want to live in the houses

Fuck them I hope they all go bankrupt and become homeless, it's what they deserve

FREE REAL ESTATE
https://twitter.com/IamShaneMorris/status/1241703904154247168

>>18224483
I wonder what's going on with this guy
doesn't he own a lot of properties and is 600 million USD in debt?

>>18224531
He's been doing this shit for so long that I'd imagine he has enough cash stashed away to weather a bad storm. Maybe he's also make money off of his books and scammy courses.

>>18224311
Hope so, great guy but this was his full time job and he opened a bar too. Leveraged I’m sure

>>18224565
Still, he never experienced an economy halt like this

>>18223150
Keep pushing for it

Let the bubble pop

>>18223327
Hotels create jobs, are considered commercial property and therefore don't fuck up the housing market. Anyone who leverages themselves to the point of having 9 or 10 mortgages out just for AirBnB deserves their fate.

>>18223135
THE GOVERNMENT WILL BUY UP MORTGAGE BACKED SECURITIES AND BECOME FASSIST

>>18223050
*coof

>>18223863
You're fucking retarded. Most hotels are in commercial zoned areas and even if zoning didn't apply their footprint isn't much bigger. Hotels go vertical.

>>18222651
I can't wait for the day of the pillow
I am going to buy a house for 150k
I have about 60k to put down and work in public utilities so could give a fuck less about lay offs. haha Die Boomers

>>18224822
* COOF *

>>18222651
I'd love to buy my cabin in Wisconsin 20% cheaper. We'll see.

COOF

COOOOF CKB will get me there anyway.

>>18223318
What's your job?

>>18224836
... you dumb larp nigger you can get any house in the US up to about 500k with 60k down

>>18224345
We cant go on like this. This existence is a fucking joke.
The fact that someone has ten mortgages while over half of America cant afford an unexpected $500 bill should make normies homicidal. Its one thing if someone is wealthy and buys property outright, its something completely fucking different when boomer kikes hoard everything but cant actually fucking AFFORD IT

>>18224887
The bank won't give you the loan unless your income is high. For a 440k loan, they're gonna want at least 110k/yr income.

>>18224836
Can you lift a pillow?

GET FUCKED LEVERED UP AIRBNB HOSTS HAHAHA !
YOU PLAYED, YOU LOST

>>18225077
Not true at all. I'm preapproved for $500k and I made $87k last year.

>>18224887
ya then you're stuck with a 3000 dollars a month payment retard.
Why would you want to buy the top of the market ?
Buy that fucker at a discount and pay 900 a month and get debt free.

>>18223252
>AIDz
you can stay the hell away from me

>>18223068
they got started with craigslist bots lmao

>>18225231
>spending 40-50% of your monthly income on a mortgage payment
That's irresponsible lending.

>>18222651
Source

Landlords deserve to get fucked. Boomers fucked the housing market.

>>18225109
No

>>18224248
why are you on biz?
>>18224224
True that there isn't the same exposure as in 2008. But as "someone working in finance", you should know, your absolute statement "No" is BS. First if they're set up as registered businesses, they don't have the same lending restrictions, and second, there's the case of money destruction and deflation.

>>18225395
I'd never go up that high and it's part of why I haven't bought anything. I don't like the idea of being anchored to a $3k+ payment. Once you start factoring in all the ancillary costs + furniture it really doesn't make sense. Plus even if I had roommates to soften the blow I don't like the idea of depending on them to meet my monthly nut.
I used to be really into the concept of rental properties, did a ton of self-education on it, started looking at places, but it doesn't seem worth it. For now renting makes way more sense.

>>18225395
Or he's going to rent out a room in his house

Or he is on a reliable, recession proof career path where he knows he'll be pulling 6 figures in a couple of years

Or he's in a market with strong expectations of appreciation, determining this is 100x easier than reading the movements of the stock market

Or he has a huge down payment or other assets saved up

The "25% of your income" is boomer tier advice for people who can't plan or budget. It will keep you unnecessarily renting for many years

>>18225715
dis nigga worried about deflation when the fed just printed 2T

>>18225434
No, immigrants did. Immigrants caused rental demand to spike which caused property values to spike which caused investors to be like oh hey there's a lot of money in this stuff, I better buy in. The United States also has no restrictions on who can invest so long as they have a federal tax ID which means tons of Chinks dumping funny money outta china into a more stable investment (US real estate).
One of the collateral effects of immigration is also wage stagnation. So while Pablo and Apu are undercutting you Chang is buying up all the property you can no longer afford.
People who blame boomers have no fucking clue what they're talking about. 20-30 years ago people weren't spending 50% of their income on rent. Most boomers have been cashing out not buying in. The boomer theory is utterly retarded. It's just easier to blame boomer than immigrants because your social circle is far less likely to be made up of them. Weak faggots blame boomers to avoid backlash.

>>18225787
>bro just get a mortgage payment of 50% of your income yolo haha what could happen bro haha

>>18225873
But who allowed the migrant horde? Boomers.

>>18226021
They've been coming in since long before boomers and they're still coming in. The millennial and zoomie generation have a raging fucking boner for muh poor immigrants. Meanwhile these fucking cucks bitch about the price of rent / homes, education costs, and the stagnation of wages. People will put them through the most vigorous of mental gymnastics just to not hurt the feelings of people who shouldn't even be here in the first place.

>>18226226
Themselves*

If you have posted in this thread you already have AIDS

I'm gonna buy some nice Italian vacation home for 10k usd

* coof *

>>18226846
ooo aids? like the gays fucking one other 100 times, in the showers with 20 men fuckin one other. lets make hotdog sanwich boy

>>18224354
Because its better than random out of staters floating in and out every day. Maybe in a shit neighborhood an airbnb is better than neighbors.

>>18222651
stupid greedy wankers

>>18226226
>They've been coming in since long before boomers
Oh please. Yes act like immigration in 1890 actually ruined everything. Lets be real, it all went downhill in 1960's.

https://en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965

>>18224224
>derived
They're called derivatives
t. actually works in finance

>>18225986
>bro never do anything risky bro what if something bad happens bro

>>18227332
Same difference man. Derivatives = derived financial instruments

>>18227034
>Lets be real, it all went downhill in 1960's
if you really want to get to the crux of the issue it went downhill after this went away
https://en.wikipedia.org/wiki/Naturalization_Act_of_1790

>>18223418
Being a neighbor of random Airbnb drunkards is not so nice. It has creates negative externality.

>18227445
>This law limited naturalization to immigrants who were "free white person[s] ... of good character". It thus excluded Native Americans, indentured servants, slaves, free blacks and later Asians
Yeah, I'm pretty certain that was fine. Also, you're retarded to pretending everything was always bad. Durr everything was ruined 14 years after the founding of America!!

>>18224494
You realize that in nearly any major metropolitan area in the US, if it weren't them buying up land, it would be large developers and Chinese billionaires trying to get their money out of China. There is no scenario where you get a house.

Your parents and your grandparents sold your future. You will never have what they had.

>>18224483
https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1

>>18224918
You sound EXTREMELY poor, anon. Why dont you just make more money, my friend?

>>18227688

It's extremely risky to use debt to leverage debt. Yeah you can make money fast through usury or dealing drugs, but at the cost of your soul.

>>18227745
I personally wouldn't do it, but if you cant afford an unexpected $500 emergency then you need to start thinking outside the box

>>18222651

when this housing market starts tanking and the metal markets start charging, finally moving out of mom and dad's basement

>>18223252
This nigga green as fuck having the bat AIDS and shit tellin us what to do.

>>18223234
Whoa

>>18223418
That’s the key. You said “rent out a room.”
Renting out a single unused room in your house for short term purposes is a nice way to generate a little supplemental income without screwing up your community dynamic, as long as you vet your guests properly. You get to get some return on some space that wasn’t being utilized, the guest gets to save money compared to staying in a hotel. Everybody wins.
The issue is parasites don’t rent out an unused room in their house, they buy up several properties on tiny down payment FHA loans and then charge out the ass to rent each entire property.

>>18222651
12 years later and still they haven't learned their lessons. "It's free money!"

>>18222936
Coooooooof

>>18227332
dumb motherfucker

>>18223050
How do I get infected

>>18227870
get coofed

>>18228002
You have to live in the house for 1 year if you use FHA so that doesn't really fit into your theory. Plus between the fact you just put 3.5% down and are financing a ton of house, plus PMI there's hardly any rental markets you can do his and still turn a profit. Every day regular landlords are not the problem. Boomers are not the problem. immigrants and the jews who let them in are the problem.

My immune system too strong faggots

>>18229620
U wot m8?

I put 4% down on our three unit investment property and PMI was a whopping $27 a month. We got it at 3.2% and we clear a 37% profit each month.

With infinite migrants it's literally impossible to lose. Fed bails out mortgages for Boomer savings. Third worlders will pay outrageous sums because they refuse to live outside big cities. You can't lose. I now own a triple decker, a two unit, and our own house. Want to get a condo near downtown and Airbnb that once this clears

>>18229738
What market are you in? You can just say the state. I'm in Mass and a triple decker here is about $1m dollars. There's not really a lot of disparity deals left. It's hard to get into a decent 3/1 single family here for under $450/500.

>>18224887
>500k
>for a house
Nah, thanks. I‘ll wait when it 50k next year.

>>18222651
Should real estate investing be restricted to the common man, like certain securities are? Why the fuck is someone allowed to take out 10 fucking mortgages. Did we learn nothing from 2008?

>>18230003
Theres an "event" every 10-15 years or each generation that wipes out earnings...Its been going on since 1913.

>>18229972
Uh what the fuck

>>18227034
Boomers weren't even 21 when that passed. How you gonna blame them for that?

>>18222651
A super host is nothing more than a landlord with more degeneracy. Live in a HCOL area and any reasonably affordable houses are sucked up instantly by these leeches and turned into rentals. COVID is like a big reset button and we are the ones who will benefit the most

I'm immune. Sorry.

Good. FYCk Airb&b and fuck anyone that uses them.

>>18229620
>>18229738
FHA 3.5% loans require a large upfront payment of the mortgage insurance. Money you aren't getting back when you sell.

>>18222651
imagine trading shitcoins on margin

This makes biz look intelligent

>>18225873
Boomers are to blame for the immigration, though. Boomers own the corporations, boomers are the politicians, and boomers control the majority of the wealth. Boomers are at fault.

>>18226226
>Millenials and Zoomers are the ones who sold the country out to foreigners
Lol, the COOF is coming for you boomer scum

In all seriousness: isn't a lot of this a good thing, ultimately? all of these shitty companies that shouldn't even exist are now, surprise surprise, finding out that they shouldn't exist. they're going under because they shouldn't have existed on the first place and were just running on debt and dreams.

this cycle of good times -> leverage/debt with tiny margins -> one bad thing happens and knocks over the first domino. mark my words, the good times will come again, and when they do, everyone will fucking forget all about how many people got rekt during the crash and will do this all over again. over and over, the boom and bust cycle, it keeps happening i told you bro i told you bout that leverage and stocks only go up mentality i told you bro.

>>18226226
really? how bad was illegal immigration in the 50's compared to today? did they have a lot of H1B IT workers in the 50's?

it's almost like... it's almost as if when the boomers got old enough to take control of everything, they royally fucked everything up. hmmmm....

>>18231288
>In all seriousness: isn't a lot of this a good thing, ultimately?
Yes. But there you go thinking with your head and we can't have none of that while we got this money printer going BRRRRRRRRRRR

>>18231519
im literally just worried about survival. i want to know that i can still go to the grocery store for food, i can still buy supplies i need (even if just from amazon if i can't get it locally), and that medical services and medicine are widely available. i want to know that my savings are safe and still worth anything.

as long as that holds true, let the system burn and restart like a forest fire. burn the old diseased trees taking all of the sunlight and nutrients from the soil.

>Take out 10 mortgages and risk getting skullfucked by debt for life
>Still make a fraction of some thot with an onlyfans
Why bother?

>>18223418
It turns a neighborhood into a shitty hotel

>>18222651
DUDE JUST TAKE 10 MORTGAGES LMAO

>>18225077
t. retard. As long ast dti is under 46% you can get a loan

>>18224224
It doesn't even matter that CDOs on mortgages are mostly gone, there's still a ton of securitisation and speculation on MBSs, and I'd argue that rates being cheaper than 2008 has meant retards like in OPs pic have got even more outstanding mortgage debt than back then.

In 2008 I bet having 2 or 3 mortgages was common. Now I bet greedy brainlets having 10, 20 mortgages is very common, especially with Airbnb and shit like that. This is going to be orders of magnitude worse than 2008.

3 extra reasons
>more baby boomers retired compared to 2008 and they are going to panic sell like crazy once they see their nest egg falling in value
>we will get serious deflation this time which is going to make people liquidate their homes and stocks
>coronavirus obviously has made things even worse as on top of everything the greedy rent seekers now have ZERO income. These investment houses suddenly make no economic sense as they produce zero yield and have large costs

>>18222651
Is there a website that keeps track of current loan/mortgage defaults?

coof coof

>>18223350
>>18223684

fake news

https://www.ccn.com/did-the-fed-just-accidentally-trigger-a-housing-market-crash/

>>18222651
OHHHHH LANDIEEEESSSSSS

>>18223068
and hotels are not? they're at times just as leverages as these idiots

>>18224350
It's the perfect time. I would not be surprised to see houses drop by 25%, anything more than that is a solid buy. Renting was fun for the first ten years but I've got a routine now and want my own shit so I can do what I want with it. Every rental is built for midgets. Raising the counters by 8" alone will be a huge quality of life improvement. That's just one of many things I plan to do.
>>18224886
Nurse. I already had a per diem job so I'll keep working the same amount each week, I'll just be bringing in about 30% more/yr.

>>18230692
didn't read; not paying

>>18234827
A rich guy I know rents. But he’s also old and he’s given his property to his children

>>18223068
Why? I travel a lot and use Airbnb sometimes. In a lot of cities it's significantly cheaper AND more comfy than a hotel room. Also, you can cook (= save money) and there are no retarded chink maids waking you up at 9 am shouting "ROOOOOOM CREANING PREEEEEEASE" despite there being a sign on your door saying no room cleaning.

>>18224128
Build out the suburbs a bit, we shouldn't be cramping people into denser and denser housing like sardines. That's partially why we have this huge Coronavirus in NYC to begin with. This city is way too crowded already

>>18223848
youre the sicket motherfucker on here damn look how green

>>18234974
You're pretty damn green too

>>18227034
>>18227445
I'm pretty sure that non-adults in the US are majority non-white too.

>>18223050
FFFUUUUUUU

>>18222651
My plan is to get a cheap apartment in Amsterdam when the bubble finally pops. Downtown-airbnb-town and houses have been too expensive anyway. Shit is gonna fall down when the crisis hits though it might take a while.

>>18235137
Hello fren, I'm planing to move to Amsterdam as well end of year

>>18235137
>>18235170
fuck off we're full

>>18223068
It's a great concept for travelers, it's a fucking cancer for the housing market.

>>18235187
Alhoewel dat klopt, kneus. Ik woon er al maar huur een kleine kamer.

>>18226226
>The millennial and zoomie generation have a raging fucking boner for muh poor immigrants

Lol most Americans under 18 ARE immigrants

It's over

>>18227034

>https://en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965

When that act passed, the oldest boomers in existence were 20.

>>18227688
Fuck off idiot.

>>18237229
You're next on the chopping block, mumu.
Imagine thinking BTC will reach 10k let alone test ATH as a result of the halving.
Miners are no longer relevant when tether, wash trading and 125x leveraged degenerates are moving the price.

Saying there will be a depression or even a recession again is like saying small pox or polio will ever be a major issue again. We know more about economies and how to manage them than we ever have in history. Trillions have gone into the research. Simulations have been run around the clock for decades. We have conquered the very concept of a downturn. We have slaughtered your black swan and made foie gras out of it. This is hard to accept, because it requires you to both accept that 1. there are people out there FAR more intelligent than you and 2. they have things under control. As a result, your life is not and will likely never be that interesting. You're a component of a controlled system. A recession or depression will not rescue you from the high quality life, the best quality of life currently available quite frankly that can still allow stability to be maintained, that you have been given. You might be feel trapped, but that's a good thing. It means the system is working and it also means NO recessions or depressions. We have "beaten" economics

>>18237167
Surely the memecoins will go the moon while the world is felling apart for the next months?

>>18224177
BOMA and others lobby the lawmakers to lock down real estate laws in favor of landlords. Source: member of BOMA

I'm sure it works for some, but running the numbers I just didn't see how most actually cash flowed. I'm guessing a lot fell for the "paying down my principal" meme

>>18222651
they deserve every single ounce of financial pain and psychological misery. That is the dumbest fucking shit ive ever heard.
>10 mortgages
fucking. die. who is approving the loans of these fucking people

>>18222651
>Time to short?
Hell no. If they crash and lose everything, their losses will be replaced by your tax dollars.

>>18222651
I would like to remind you all that this kind of "investor" is who will ultimately get bailed out, while normal people like you and I get $1200.

>>18222651
NO YOU CAN'T NOT DEFEND THE HECKIN LANDLORDEROS

>>18222651
>Make extremely risky decisions for the possibility of quick cash
>Your plan backfire when a unexpected event topples your project and you can't cushion 3 weeks of inactivity

No sympathy

>>18223068
...right

>>18240097
>US dollar will burn to the ground in your lifetime. Unless you’re in your 60s or older
Lets agree to disagree on that, but if that does happen, assuming I don't just off myself because fuck trying living through that mess, I have enough guns and ammo to keep myself alive, maybe even come out on top. But yeah, I'm just trying to make some extra cash because I saw the opportunity last time silver crashed. Up to 424 now that my corona meme coin got here, wanted a nice memento to remember this clusterfuck.

>>18237410
>who is approving the loans of these fucking people

Banks who know they'll get bailed out

>>18240205
Zombie banks and zombie companies maintained by brrrrrr.

>>18224531
I'm sure he is very well prepared. There are many youtube videos that are years old of him talking about the very crash we're in.

My mom does Airbnb to rent out some extra rooms for a little extra money. But these assholes who have bought up properties specifically for AirBnb have greatly accelerated gentrification in my city. You can't rent a room for less than $1200 because all of these short term rentals are worth more money. Fuck them and I'm glad their greed has backfired against them.

>>18225787
>The "25% of your income" is boomer tier advice for people
life is unpredicatble. bad shit happens to ppl all the time. that's why you dont go through life buying the most expensive things you can afford and hoping for the best

>>1822578
Our income was cut down to a 1/4 of what it was and I can still pay the mortgage. What 50% of my takehome gets me in a house is a finished basement and maybe a driveway. All because some dildo shit down LVT and slapped peel and stick tiles on the wall as the "update". Would rather spend the difference on literally anything than else.

Haha housing market go crash

>>18222651

Nah.

> Corona has given them 6mo of not paying loans
> 6mo of not paying rent
> Ability to negotiate rates down from 5-6% down to 1-2%

Most big hosts - over 10+ properties wit good biz skills will be fine.

The others are gone.

>>18242204
The only way Texas oil is saved is if it becomes part of a new OPEC (but under a different name) with Saudi Arabia or seriously threatens Saudi Arabia. The first is stupid on a lot of levels so probably the one that will be discussed of course.

I can't wait to buy a house for $25,000 cash.

I'm not talking a trailer from 1970 either, I'm talking 2000 sq ft home in a middle class neighborhood.