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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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19300811 No.19300811 [Reply] [Original]

>lever up a shit ton
>homes appreciate in equity
>rent out to AirBNB
>rent out to retards
>if your home value crashes, just leave it who cares lol

Is this shit sustainable?

>> No.19300843

>>19300811
It is not sustainable and they are about to get wrecked

>> No.19301583

>>19300811
be a few pandemics over and done before she starves to death

>> No.19301785

>>19300811
well those people are fucking retards and no that model was not sustainable as 2008 proved. now hurry up jews and repossess some homes and give them to me since I actually have the DP and means to finance now

>> No.19301792

>>19301583
kek

>> No.19301839

>>19300811
No. A lot of these properties are going to be hitting the market soon. Most of the current mortgage forbearance offerings are not available for investment properties like short term rentals - these people are getting killed. On top of that several major lenders (like Chase) are no longer buying mortgages that don't have a minimum of 20% down payment. Could be a pretty ripe buying situation soon, but I would give it another 6 months or so. I'm hoping to scoop up a property or two this winter if things play out well.

>> No.19302191

>>19300811
>new
If by new you mean as old as time itself.

>> No.19302474

>>19300811
>NOOOO YOU CAN'T COME LOOKING FOR THE MONEY I LOST ON A RISKY OVER LEVERAGED POSITION
>Also - PAY UP NOW RENTIE AAAAAAHHH PLEASE I NEED TO FEED MY RABBI YOU CAN'T DO THSI TO ME IT'S ANTI-SEMITISM

>> No.19302526

>>19300811
Good, most of them are parasites anyway. Made my morning better. Thanks anon