Housing market obfuscation

[Anonymous No.21494108]

The 180 day forebearance is halfway over so end of November we should expect a massive crash rippling through all markets...or should we expect more interference to prevent a 2008 crash?

How are you anons preparing for the defaults putting 2008 to shame?

[Anonymous No.21494155]

can an expert please tell us what is going to happen to the housing market

[Anonymous No.21494233]

>>21494108
They'll do everything in their power to avoid a repeat of 2008. Markets and house prices have to go up to hide the massive inflation from Joe Normal Consumer.

[Anonymous No.21494279]

>>21494155
This.
I really need to know

[Anonymous No.21494325]

Oy vey not the 16 million ((home lenders))!!!!

[Anonymous No.21494339]

>>21494108
allowing 15 million to become homeless would devastate the economy and thus the rich are incentivized to not actually allow it

[Anonymous No.21494353]

>>21494108
Time to load my house bags soon

[Anonymous No.21494361]

>>21494233
>house prices have to go up to hide the massive inflation
But house prices are already absurd in most of the country these days. Even worse for our leaf brothers up north.

[Anonymous No.21494373]

We are in a whole new world of monetary policy in 2020, much different than any environment seen in the past. The fed openly calls their policies "printing money," they don't even hide it anymore. Society as a whole has this believe that the government can create wealth through digits. Its politically impossible for the fed or the government not to destroy the dollar at this point. Any mortgage crisis will just be plugged with infinite money printing. And asset crash pumped by up by money printing, until the inflation sky rockets. But its not 1980, and the fed won't be able (or won't want to) to raise rates to control it. In ten years we won't be using the dollar anymore, but people will still need houses. Get your sub 3% 30y fixed mortgages and buy while you can. its literally free money, free houses.

[Anonymous No.21494392]

>>21494233
Well it’s really only a matter of time buying you can’t just kee people in the dark forever hell multiple outlets already did opinion pieces months ago on massive defaults occurring but a lot of people think it’ll never happen still

[Anonymous No.21494473]

>>21494339
These aren't all homes of families. These are mostly assholes that bought up 5 homes that are all over leveraged and put on AirBnB. Thats why regular families can find affordable homes on the market.

[Anonymous No.21494484]

>>21494373
I mean won’t home prices just falll to the floor come December?

[Anonymous No.21494578]

>>21494373
>>21494339
See here’s the insane part to me while the virus still only has a mortality rate of 1% whatever we’re gonna see more death from unemployment and destruction of the market then virus ever could do why the fuck did we even do a lockdown at all?

[Anonymous No.21494606]

>>21494361
Well you're also printing absurd amounts of money and have 0-0.25pc interest rates, so what do you expect? Money will flow toward yield. As it stands, people in the US (nay, The West) without any form of assets are going to be left behind when the real bite of unemployment and inflation kicks in. If that expands out into affecting people WITH assets, then your country has completely failed. Trust me, a housing market collapse is the LAST thing that will be allowed to happen. They'll throw many, many more people under the bus before that comes to pass.

[Anonymous No.21494619]

>>21494108
at the end of november? that's right after US elections right?

[Anonymous No.21494661]

>>21494619
Could be sooner or later depending on when foreberance was embraced

[Anonymous No.21495390]

>>21494606
Oh I agree with your summation, it just seems like the Feds are running out of options at this point and kicking the can down the road. The only way people can stay afloat now is taking on even more debt buying $600k+ homes. Thanks!

[Anonymous No.21495478]

>>21494339
Nah, they'll just import millions of shitskins and chinks to keep the house prices high.

[Anonymous No.21495509]

>>21494108
If there's a crash, everything will dip and no market is safe. And then afterwards we'll have guaranteed BRRRing going even further into overdrive.
Based on the march crash, we know that crypto bounced back quicker than everything else, and on top of that will continue to get more valuable relative to the dollar as hyperinflation sets in. So either way, go balls deep in crypto. Maybe keep an extra bit of cash on the sidelines in case of a crash so you can buy the dip and make a killing, just like last march.

[Anonymous No.21495713]

>>21494155
Dodd Frank made it so poor people with shit-tier credit can’t buy houses. Nothing too dramatic will happen. The media may boost a crisis which may shake out some losers, but for the most part the service workers who already lost their jobs were renting under market price anyways so new tenants came in at a higher rent. Interest rates are also too low for people to give a shit.

TLDR - The media wants a crisis. They won’t actually get one.

>t. Residential Appraiser giving personal opinion

[Anonymous No.21495743]

>>21494108
>>21494155
>>21494279
I’d also like some anon smarter than myself to spoonfeed me what’ll happen with housing.

I’m wondering because I’m about to pull the trigger on buying a tiny home for my gf + little boy. But gf suggested “well with the $15k for that, you could probably just put it on a deposit for a real home...” and I hadn’t even thought about it till she said it, but prices are around like ~$250k here in a pretty damn good location (DC area) and I literally googled housing trend charts and they look remarkably steady over time, even with the big ol’ blip in 2008.

Is there *actually* still house-prices doomsday set to occur, or does that fall under the realm of zerohedge ideas that sound pretty decent but hold no water in the real world?

Fucking hate boomers but I’m just fearing they might have inadvertently been right about the whole “my house is my retirement” shit

[Anonymous No.21495848]

>>21495713
what are the interest rates that you're currently seeing? i was thinking now would be a good time to try and nag a 2.5% interest rate mortgage

[Anonymous No.21495878]

>>21494578
>why the fuck did we even do a lockdown at all?
We would be much better off if we did a real lockdown from the beginning. Not the half ass bullshit that has drawn this out for a year

[Anonymous No.21495883]

I just don't understand why the lenders can't automatically give the home owners that are having trouble a lower interest rate without having to refinance. Bring it down to 2.5% and add 1 year to the end of the loans. They want them to default. Fucking parasites.

[Anonymous No.21495893]

>>21495743
The thing you have to keep in mind is that during a housing crash, house prices go down, but it ALSO becomes much harder to get approved for a mortgage, and mortgage rates increase dramatically. This is because the banks are hurting and they're going to squeeze more out of people and only take on the safest bets.

So the end result is that while a house is cheaper, you either won't be able to buy it anyway because you can't get approved, OR you get approved but you get ass-raped by the interest. That's why people are gobbling up houses right now, because even if its a bubble, mortgages right now are easy and dirt cheap, and if hyperinflation happens, that's then actually another bonus because it inflates your debt away to nothing.

[Anonymous No.21495933]

>>21494361
>But house prices are already absurd in most of the country these days
1000% agree.
I'm waiting for a correction to upgrade from my starter.
But banks did a lot to hide the actual supply by letting homes sit empty for years.
And with a dead commercial real estate market, I wouldn't be surprised if real estate companies - and companies who rented - allocated their funds to residential.
Just observations.

[Anonymous No.21495949]

>>21495878
Thats what I really don't get. The retards that hate all these masks and restrictions. I told them we could all get this over with in 2 weeks. But you have actually made the choice for this to go on for 2 years instead. BUT MUH RIGHTS.

[Anonymous No.21495959]

Here is the crazy thing about the american economy, the top 20% or so of income earners are something like 70% of consumer spending (don't know the exact numbers on the top of my head, but it's something like that), so the average person just doesn't matter. There can be mass evictions and they are just going to let it happen because these people aren't worth anything to the capitalist class. What's left of the middle class is going to get bump down to lower class, and he rich get richer. There won't be a collapse, just a stomping down.

[Anonymous No.21495965]

>>21495713
The difference between 2008 and 2020 though is that 2008 was just a ponzi scheme going up in smoke with no fundamental issue underpinning it. Whereas in 2020 it's been precipitated by the economic lockdowns.

So yes, while people nowadays can't get houses with dogshit credit and no income like they could pre-2008, you're taking into account all the people who have mortgages and had good steady decent-paying jobs, but don't anymore due to the economic collapse.

[Anonymous No.21495966]

>>21495883
They'd rather take the house and the money they paid and do a tax write off/collect via the courts the ones and zeros that never existed.

[Anonymous No.21496002]

>>21495933
Yeah, the banks taking their foreclosure properties off the market to decrease supply was some really scummy shit. Honestly at this point I'd just recommend people to start squatting in bank properties that they refuse to list.

[Anonymous No.21496082]

>>21494373
>Its politically impossible for the fed or the government not to destroy the dollar at this point.
So is this the delusion or denial phase?

[Anonymous No.21496133]

>>21495743
In fact, to add to this I’m actually more concerned about the inherent commitment to a single fixed location more than anything; not even so much the mortgage itself or the total cost still being a fuckton more than a solid tiny home to ride out the next year or 3 and see what happens with the world before I go buying some boomer’s bags and end up getting dumped on by the chinese hacking our grid and EMP’ing us into the stone ages, meanwhile I spent a bunch of my LINK gains on a fucking boomerbox and so feel obligated to stay put as the nukes fall etc. instead of just hitching up the trailer and high tailing it north to Canada or god fuck idk.

Because barring all that bullshit, interest rates look just retardedly low, I’m wondering if it wouldn’t be such a dumb idea to cinch a little bit of that before it potentially “bounces?”

But then that’s the thing....why the fuck would rates have ANY reason to reverse. If anything my realest intuition tells me the most likely thing that’ll happen is rates go deep negative along with every single other asset on earth; not like housing is fundamentally special or something.

[Anonymous No.21496139]

MONEY BRINTER GO BRRRR

[Anonymous No.21496207]

>>21495509
I was gonna liquidate crypto’s and stocks a little before November and buy a dip of chain and btc after for a long hold

But the biggest fear is what if there is no crash and there’s a delay due to obscene federal intervention similar to how the government ignored the housing bubble and people shorting it for 6 months prior to crash were losing their minds

[Anonymous No.21496247]

>>21495743
>they might have inadvertently been right about the whole “my house is my retirement” shit
They are absolutely right. Kids growing up today won't be able to own a house in the future. They will be forced to rent forever. Such is the new paradigm to keep the goyim working. If you can afford your own home you will be among the 0.01% in about 15 years time. Possibly even 10 years.

[Anonymous No.21496262]

>>21496207
Personally I wouldn't recommend liquidating crypto and trying to swing a dip. I'd just be ready to put more cash into crypto if it does dip at some point.

[Anonymous No.21496334]

Cryptocoin minter go ckckckckck

[Anonymous No.21496335]

>>21495713
This right here is the biggest issue we have unemployment at a much higher rate than many might believe with on and off furloughs for some and the stimulus for airline running out soon, my gf got her notice of possible long term furlough for October just now, and others will probably follow due to the ongoing lockdown so with those people in the middle class and the lower class not being able to pay rent or mortgages we should see multi home owner landlords failing to meet payments about right now >>21495965

[Anonymous No.21496383]

>>21495949
Dude even China went back into lockdown after shutting down the original city a full lockdown doesn’t guarantee permanent immunity and its mortality rate is soo god damn low it would’ve been better for the herd to get it and let the old die than do this long term fuck up

[Anonymous No.21496410]

>>21495893
Wow. For real, I didn’t think about that, is this actually what happens? Wouldn’t there be a TON of market inefficiency and bajillions of homeless people while just as many perfectly good houses sit dormant while their jew owners deny mortgages to all but a couple richfags despite the completely fucked opportunity cost of doing so?

The hyperinflation thing makes a lot of sense though, one reason why I’m (probably rationalizing, but) taking on a bit more debt than I’d normally be comfortable with rn...... Assuming it happens, those NEETs sitting on a pile of credit cards and unpaid debt will be laughing the hardest out of everyone

[Anonymous No.21496436]

>>21495713
Is that a patrol?

[Anonymous No.21496451]

I think there's about a year left before the trickle down effect of what's going on now hits housing. Prices rise, boomers will wage war over the retirement homes.

The people that are selling houses now are at crazy high valuations. Maybe some parts of the country will drop others won't. Overall the show must go up and beyond

[Anonymous No.21496546]

>>21496410
>Wouldn’t there be a TON of market inefficiency and bajillions of homeless people while just as many perfectly good houses sit dormant while their jew owners deny mortgages to all but a couple richfags despite the completely fucked opportunity cost of doing so?
Yes. Being a landlord in a Commie state is a stupid fucking idea right now.
>See California

[Anonymous No.21496643]

>>21496247
The population increase and demand for housing has a hard time keeping up. Even if a city decided to continue to expand it's outlying suburbs to infinity, the infrastructure for the town would become overloaded. The streets and highways through towns are already maxed and underfunded. Theres so much land in the US for new towns and cities to be born but it has to be within a short distance to high paying jobs. Everything is fucked.

[Anonymous No.21496669]

>>21496082
Delusional for sure every rich person I know young and old think that the markets perfectly fine and the pandemic isn’t as bad as it’s made to be

Which is some of the dumbest shit I’ve ever heard but they also think masks make a difference

[Anonymous No.21496680]

>>21496546
Wait. What do you mean... if what he was talking about in the post I replied to, actually happened, and mortgages were impossible to get approved for, that’d create a glut of involuntary renters in the entire market wouldn’t it? Then you’d ABSOLUTELY want to be one of the few who owns actual property.....can just rent it out to the serfs

[Anonymous No.21496743]

>>21495713
What a great pic
Saved

[Anonymous No.21496766]

>>21496451
Just to buy a humble 70's built country home on 5 acres is a minimum of 400-500k in my neck of the woods. Anything fancier and we're talking 600-700 and up.

[Anonymous No.21496803]

>>21496643
>Even if a city decided to continue to expand it's outlying suburbs to infinity
outside of /biz/ and /pol/ no one in their right mind wants to live in a suburb
you get shittier everything, but especially shittier internet which for normies is just unacceptable

and how do you realistically see expansion to the suburbs happening?
>oh, just invest in this dessert sir we are planning a 100,000 person community to live here within the next 20 years
or
>oh, we know we're in a 10 trillion dollar deficit but we need more housing so we're going to triple our deficit building in the desert

[Anonymous No.21496808]

>>21496680
Not exactly rich people generally have excellent credit and if everyone can only rent to rich people in places like Cali you’ll still hit a rent pricing ceiling between value of staying in state or leaving to work remote which at my company and many others is becoming a major push to leave the state and get that double pay increase from cost of living Drop

[Anonymous No.21496855]

>>21494339
Thanks to FEMA there's plenty of camps to house them.

[Anonymous No.21496941]

>>21496680
The politicans will cater to the seething masses if things get bad enough. Landlord is a middling tier elite, and will be sacrificed to keep the politicans and king elites safe. California has already instituted a 0.4% wealth tax EVEN IF YOU LEAVE that will follow your for ten years. They will let the poor eat the middle and upper middle class to save their sorry asses. Don't be caught holding the bags.

[Anonymous No.21496950]

>>21496139
I wonder who came up with this shit printer concept.

[Anonymous No.21496989]

>>21496941
How can a state enforce a tax if you live in a different state

[Anonymous No.21496992]

>>21496643
>The population increase

Meme. It's a mass migration.

[Anonymous No.21497010]

>>21496803
3d printed homes and virtual reality wage cage jobs are the future. Imagine working as an Amazon warehouse employee from home sitting in a hot 3d printed box while you slave inside of a VR cage. This is our future. And i'm loving it.

[Anonymous No.21497095]

>>21494155
I can give you a simple answer: We hit a recession and in a recession house prices fall. It's that simple.

[Anonymous No.21497134]

>>21496992
No shit the mexicans here are clearly 50% if I was to sit on the street corner and do my own census. I'd rather have a pajeet invasion.

[Anonymous No.21497142]

>>21496989
I'm not a lawyer or politican, so I don't know. But that's what they're doing.

[Anonymous No.21497152]

>>21494373
>The fed openly calls their policies "printing money," they don't even hide it anymore.
Thats because its a fake-out to avoid deflation at this point. Look at the bond market. Does the global financial elite (central banks) look like they fear inflation? 10yr yields are at record lows. deflation should bring about lower home prices. They will need specific legislation to help housing

[Anonymous No.21497177]

>>21497142
https://www.google.com/amp/s/www.foxbusiness.com/fbntv/neil-cavuto-california-rob-bonta-wealth-tax.amp

[Anonymous No.21497179]

>>21496941
>>21497134
Mexicans don’t poop in the street and pajeets take it jobs from Americans they also still vote blue so they’re not better and arguably worse for American born citizens>>21497134

[Anonymous No.21497181]

>>21497134
Literally all of this is the financial sector realising they can't saddle up the current slave class with any more debt so they need to import more slaves to saddle them with debt as well.

[Anonymous No.21497212]

>>21497142
Read it just now seems only people above 30million get taxed I guess don’t agree with it but I fucking hate this state

[Anonymous No.21497222]

>>21495743
So, i've had this conversation with a friend of mine who's an analyst for a big bank.
The general consensus among big banks is it's not going to crash, it's going to do the opposite, it's going to boom huge. Let me explain the logic.

>housing is becoming ever increasingly unaffordable
>Look at Europe, UK for example. Homes are in the millions in some cases
>100 year mortgages are a thing in some places
>multiple generations live in one household due to high living costs, high rent/home costs
>When multiple generations live in one house, household income goes up the roof, now increasing the ability to pay for the home, thus increasing the housing market
>Look at demographics moving to NA, they're middle-eastern, Indian, Chinese, etc.
>all have no problem with multiple generations living under one household
>what's happening now? People are struggling financially, can't afford homes, housing market is going up still tho
>people will move in with parents, and contribute (yeah you'll get exceptions, but they'll be fucked anyways)
>household income goes up, driving up the market

tl;dr if you don't get a home really soon, you'll be priced tf out of the markets. no joke.

[Anonymous No.21497292]

>>21496410
>just as many perfectly good houses sit dormant
You should look up real estate shadow inventory.
There are millions of houses empty but not for sale because putting them onto the market would crash prices and therefore bankrupt investors.

[Anonymous No.21497296]

>>21497181
Looking at the math I expect they've settled on a figure of around half a million dollars of debt per migrant family, so for every family that gets taken in that's half a million dollars the fed can issue. Calculate how many migrant families that represents at the current rate of money printing.

[Anonymous No.21497375]

>>21497222
Multi gen family home life for pajeets still don’t make massive money and Mexicans definitely don’t and the Chinese are gonna have a massive problem immigrating for some time now so I highly doubt there’s going to be a boom in pricing

[Anonymous No.21497425]

what you guys are musing is all the people who will soon cease to pay rent.

You know all those new jobless? Until now they have got by on stimulus and savings. But government gibs don't last forever (unless you're a bank then the Fed has your back). This means landlords will be in trouble soon as well.

There are landlords with fucking 30 properties. Mine for example. He looks more stressed every day I see him. Why? Because he's probably mortgaged on a ton of them, and is having trouble finding renters to cover that mortgage. And he's not alone.

Soon the landlords will be forced to start selling. I don't care if banks credit checks will go higher during a crash. What it means is that you won't be able to sell your house for as much as you bought it for a long time. Don't buy a fucking house now.

Wait for the crash and then buy. Make sure you have the credit. I've got enough to buy a whole house at once atm (fuck the mortgage jew). But soon I will be able to buy 2 at once.

[Anonymous No.21497453]

>>21497375
sorry, this is a long term projection.
And you're going to see western cultures begin to adopt those practices very soon as things become increasingly unaffordable.

[Anonymous No.21497533]

>>21497010
Do you have the meme that shows this. I've seen it once and I've been looking for it.

[Anonymous No.21497573]

>>21497222
if multiple generations move into one home that also means the demand for houses goes down since the population is less spread over the available houses. Means price goes lower. Your core argument doesn't make sense.

[Anonymous No.21497669]

all this stuff sounds good for buying a cheap house finally but i'm sure there are some (((tricks))) they have that will prop up housing prices despite this, like letting rich chinese gooks buy even more houses here that they will never live in

[Anonymous No.21497702]

>>21495959
It's not crazy, it's Pareto distribution.

[Anonymous No.21497743]

>>21497669
these are the exact signs of a bubble

How the fuck can people be so blind to all the signs when it happened exactly before only 12 years ago

[Anonymous No.21497746]

>>21497425
This is what I’ve been shouting for the last 4 months and all my friends have their heads in the sand

“No anon they’re such a small group of people”
“Redfins data shows it’s a sellers market!”

God dammit how dense do you have to be to believe it’s gonna stay like this in a pandemic with growing unemployment rate and no job return plus forebearance ending

[Anonymous No.21497771]

>>21497010
This is the most retarded and economically illiterate shit out there. It's not the cost of constructing a house that's expensive, it's the land.

Property is a toss up right now. There are a lot of headwinds: mortgage defaults, boomer die offs, property tax hikes to make up shortfalls, millenials who are uncomfortable with home ownserhip, etc. But there is a big tailwind in that if the housing market implodes the entire financial system is done for and they'll literally pay you to buy a house in order to prevent this.

[Anonymous No.21497796]

>>21497743
It's called "the new paradigm", anon. Never underestimate the stupidity of normies.

[Anonymous No.21497808]

>>21497010
Entirely possible. And in that case non-3D printed homes will definitely be un-purchasable by anyone but the top 0.001%

[Anonymous No.21497856]

>>21497771
Yes? Which is why 3D printed homes can be built anywhere even if the land isn't properly zoned

[Anonymous No.21497858]

>>21497573
i've argued with that too. BUT banks won't let houses drop in price. They'll keep them off the market.
Also mass immigration, etc.
at least that's what my friend said.

Think about what happened after the hurricane hit New Orleans? There's entire cities that are full of vacant homes.

[Anonymous No.21497896]

>>21497746
Doesn't matter though, landlords will get bailed out just like they did in 2008. Negative rates will allow them to refinance and get paid to keep holding their inflated bags.

Your logic is sound but the elephant in the room is that they have to choose between letting it fail and watching the illusion of wealth go bye bye, or keeping it propped up. Honestly a toss up at this point for me.

[Anonymous No.21497934]

>>21497095
>future always occurs the same as the past
Not this time boomer

[Anonymous No.21497962]

>>21497858
>keep houses off the market
>insist on highest levels of immigration ever seen
>profit?

[Anonymous No.21497975]

>>21497856
i mean you can park a doublewide anywhere right now
3d prinitng is a reddit meme and will not affect property prices in any way
more technofetishist tesla faggotry if you ask me

[Anonymous No.21497986]

>>21497771
>It's not the cost of constructing a house that's expensive
its both.

[Anonymous No.21498035]

>>21497858
banks won't let houses drop in price eh? Yeah I'm sure they believe that. I'm sure they believed it in 2008 too.

[Anonymous No.21498042]

>>21497975
>and will not affect property prices in any way
Yes I agree with that though no I do not think it's a meme however I also do not know how many years off it is. We will probably see robots take away all minimum-wage service sector jobs by then

[Anonymous No.21498135]

>>21498035
2008 was different. It was literally giving away houses for only people's word that they could afford them. As other anons have mentioned, they've cracked down hard on that and you can't even get a mortgage unless you're in a very secure career path (or bankrolled by foreign interests)

[Anonymous No.21498153]

>>21497858
Well I don’t know anyone who wants to live in New Orleans it’s a low income nigger infested drain pipe and the houses held probably have massive problems from water damage

[Anonymous No.21498180]

>>21494108
Anyone who took advantage of the 180 days will take the next 180 days. You get 12 months of forebearance.

[Anonymous No.21498208]

>>21497896
How can they hold it when they’re tenants haven’t been paying for 6 months now and stimulus over when they’ve still had to
Make mortgage payments since there never was a mortgage freeze?

[Anonymous No.21498235]

>>21494578
Respected masonic boomers needed to unload bags/buy the dip/fleece the goyim

[Anonymous No.21498247]

>>21497896
>landlords will get bailed out just like they did in 2008.
how did they get bailed out in 2008?

[Anonymous No.21498255]

>>21497896
I appreciate the perspective btw

[Anonymous No.21498349]

We'll never be able to afford a home, will we?

[Anonymous No.21498423]

>>21497771
surely then it is better to wait until they do start paying you to buy.

[Anonymous No.21498448]

>>21495965
Still I would only expect a brief bump in listing volume, not a full scale crash. Any foreclosure activity I have seen lately are end of life reverse mortgages.

Even a 25% increase in listings would maybe only flatten the current trend for a quarter. Even people facing foreclosure have equity right now, they’re not going to let the bank just take it given that average Days on Market is less than a week, even less if the seller is facing pressure.

[Anonymous No.21498515]

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https://youtube.com/watch?v=NgSXg-WOEVY
https://fakebullion.com/index.php/resources/fake-bullion-database
https://fakebullion.com/index.php/resources/identifying-fake-bullion

>YouTube/Podcasts
https://youtube.com/user/silverguru David Morgan
https://youtube.com/user/SprottGlobal
https://youtube.com/user/KitcoNews
https://youtube.com/channel/UCqmToXM7x2tD7-2rs0KvObA
https://youtube.com/user/GoldAndSilverClub1
https://youtube.com/user/whygoldandsilver
https://youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g
https://youtube.com/user/belangp

>Additional /pmg/ resources and info
https://pastebin.com/8HW6EdGt

Previous thread: >>21487773

[Anonymous No.21498550]

>>21494108

Is this good or bad for bitcoin?

[Anonymous No.21498565]

>>21498515
I'm retarded, please ignore that.

[Anonymous No.21498582]

>>21497896
>>21498247
Where do people get the impression that most landlords need to be bailed out? Yes, there are some morons who took out multiple mortgages on multiple properties they couldn't afford without rent or especially without AirBnB style rent.

But most landlords, especially corps acting as landlords, are extremely well off and use rent as backup passive income. A bailout or mortgage freeze for them would be a "nice to have" but entirely unnecessary.

[Anonymous No.21498762]

>>21498582
the rental group im going through right now has 26 vacant properties from the exodus from cali that was 4 months ago and its not getting better, 6 months of lost rent on 20+ properties hurts those large groups and is going to hurt regular joe schmo landlords too

[Anonymous No.21498766]

>>21498582
I have a chinese friend and at least in China the situation is very, very bad. They had to made laws against people buying more than 1 mortgage per family, and people actually got divorced and re-married to be able to get more mortgages. You have no idea how bad it is.

And here I know at least the situation of my own landlord. Where's your data to show that most landlords aren't mortgaged, then?

[Anonymous No.21498792]

>>21494108
This thread is disheartening. So is there anything that can happen at this point that would help average working people to be able to afford a home again? Or are most wagies doomed to slave away to rent a $1300/month piece of shit apartment in the ghetto now and forever?

[Anonymous No.21498835]

>>21498792

killing landlords

[Anonymous No.21498905]

>>21498792
Don't despair for the future. Smile as the chaos unfolds (unless you're not a NEET and are actually affected by this)

[Anonymous No.21498924]

>>21495713
How does one get a job as an appraiser? Is it hard?

[Anonymous No.21498945]

Just bought the 100oz bar off of JM for 3k. Will I make it?

[Anonymous No.21498964]

>>21498792
just wait until spring should be good for buying then I presume if the crash occurs 4th quarter 2020 or 1st quarter 2021, this is assuming you have cash to buy outright otherwise right now might be the best with how low interest rates are

[Anonymous No.21498988]

>>21494578

Up to half of SARS-cov2 infected show signs of permanent lung/heart/brain damage. "Muh death rate" isn't half the story, life expectancy and productivity is going to fall hard in coming years from this virus alone; not to mention the fact that it is likely to become seasonally endemic.

[Anonymous No.21499059]

>>21498988
if this is the case why hasnt the world converged on china and put massive tariffs on them?

[Anonymous No.21499099]

>>21499059
They're too pussy, essentially. And plus although China is a health risk to the world they're also too big of an economy to retaliate against

[Anonymous No.21499100]

>>21495743
You should live in the cuck shed. Save the houses for real men. You sound like a pussy

[Anonymous No.21499105]

>>21494373
It’s not printing money though. Bank reserves are not money. The policies are ineffective except as a psychological trick to make people think that the fed can support markets. It’s total bs. They’re absolutely shitting their pants about a deflationary spiral so they’ve become more bold with their wording to trick people into thinking they can cause inflation. Watch euro dollar university.

[Anonymous No.21499111]

>>21498582
This. Any landlord without at least 3 months rent in reserve deserve to fail.

[Anonymous No.21499130]

>>21496803
>outside of /biz/ and /pol/ no one in their right mind wants to live in a suburb

Lmfao what an out of touch hot take. I live in a suburb of NYC, after covid hit, people start leaving the city in droves. Houses in the burbs are up for less than a week at a time before they're bought up. Nobody wants to live in close contact with dirty, coofing savages anymore.

[Anonymous No.21499200]

>>21494155
It won't be allowed to crash again. Elites will be bailed out again, our country will get darker, we'll lose more freedom and our living standards will continue to plummet.

[Anonymous No.21499226]

>>21494233
>prices have to be up to hide inflation

[Anonymous No.21499255]

>>21498988
Meme virus with meme fallout.

[Anonymous No.21499292]

>>21498905
Not a NEET, just a retard wagie out of school living in a high cost area due to job supply.
Interest rates are low and I could take out a mortgage, but I also think real estate values are wildly inflated and I don't want to get burned there if a price crash occurs, but on the other hand the Fed may be doing everything in its power to keep those prices inflated indefinitely.
It's enough to make the head spin.

[Anonymous No.21499305]

>>21499111
people have been unemployed since before march in some places we're going on roughly 4-6 months of no rent and no mortgage freeze

so yeah hindsight sure but that doesnt mean theres not plenty of dumb and smart landlords that are fucked

[Anonymous No.21499344]

>>21498924
Yes. Finding an appraiser to apprentice is nigh impossible. Average age for appraisers is about 65 and tons have bailed because of Corona or they just do desk review work.

Most state requirements are at least 1 year under a certified residential appraiser and 1000 hours of experience hours along with a bachelors. You submit a giant packet of your hours to the state along with your sample work. Then you sit for the exam and it’s absolutely brutal. It’s a 6 hour exam and I took all 6 hours. I scored a near perfect score but I really took my time.

Every time I’ve had an apprentice it’s been a disaster, so I’ll probably not do it until I’m much older. I only ended up in it because a family friend got sick and couldn’t do field work anymore and you only needed an associates degree. That was in 2010.

[Anonymous No.21499358]

>>21499292
Im selling my grandfathers house and our real estate friend of the family has been pushing massively for selling before Nov 3rd which is expected flux and probable crash date

[Anonymous No.21499476]

>>21498766
Just being mortgaged isn't the same as being overleveraged.

And here's a local story of a small-time landlord in my city:
>https://www.reddit.com/r/toronto/comments/iasqna/the_system_is_broken_pandemic_exacerbates/
>Harry Fine, the former adjudicator turned paralegal, said he is currently dealing with a client, a small-time landlord, who is owed $80,000 in rent arrears

Could you imagine being owed that much and not really giving a fuck? That's landlord life.

Maybe a good analogy you guys will understand is this:
>you put a bunch of your savings into crypto
>now you can't afford a new phone or tv
>crypto moons and now you can stake your crypto for passive income
>staking gets halted for a year for whatever reason
Do you care? No, of course not. Similar to what's happening to landlords right now. Yes, there are the occasional "oatmealbros" who put more than their live savings and are getting fucked but they won't put a dent in the overall market all things considered.

[Anonymous No.21499527]

>>21499105
You watch Jeff Snyder right?

[Anonymous No.21499535]

>>21499358
What's the plan afterward? Scoop up discounted property or invest elsewhere?

[Anonymous No.21499581]

>>21498792
>slave away to rent a $1300/month piece of shit apartment in the ghetto
Make that $2,100 in a few years. Just enough to pay for it through gibs.

[Anonymous No.21499622]

>>21494108
So I should be buying REIT puts got it

[Anonymous No.21499689]

>>21494108
>we should expect a massive crash rippling through all markets
hearty kek
>or should we expect more interference to prevent a 2008 crash?
more likely
>How are you anons preparing for the defaults putting 2008 to shame?
not gonna happen
>>21494155
nothing is going to happen to the housing market.
time will pass,
nothing will happen,
and instead of looking back what caused it to be another nothingburger the people will just find another future doomsday to celebrate
>inb4 time will prove any rebuttals wrong

[Anonymous No.21499691]

>>21499130
Same here in Toronto but they will be back once this shit is over with. It's really just covid which is making city life insufferable for normies. They will flock back hard like the sheeple they are.

[Anonymous No.21499709]

>>21494155
There are movies made about this

[Anonymous No.21499731]

>>21499535
honestly trying to use alot of the profits for going long on a few Coins since I need more capital to make my nut

[Anonymous No.21499760]

>>21494373
This anon gets it.

[Anonymous No.21499762]

>>21494108
Based
I have like 2000 in DRV.

[Anonymous No.21499772]

>>21499689
youre speculating with no rationale to it other then its the status quo which is why 2008 happened. please support your theory anon I would like to believe its better to buy a house right now desu

[Anonymous No.21499822]

>>21494155
Wveryone will lose houses and inflation will make it so house prices will be going up this whole time too. Too man houses, no one can afford them, if you thought it was bad before just wait..

[Anonymous No.21499882]

>>21499105
Absolutely this. You can see how much they're spending and it's not brrrr money

[Anonymous No.21499983]

>>21499772
>a faint BRRRR was heard in the distance
we're in a new paradigm with little to no comparison to "2008"

[Anonymous No.21499984]

>>21499772
>youre speculating with no rationale
You're doing the same thing. A lot of people still calling for market crashes are doing so by blaming corona problems when if we look at the numbers corona is already easing up even without vaccination and without more severe lockdowns.

Aside from a few months of worldwide fuckery there's nothing to suggest there's anything newly broken, systemically, with the market's systems in place right now.

[Anonymous No.21500012]

>>21499527
Yes.
>>21499760
No he doesn’t. He claims it’s politically impossible for the government to not destroy the dollar when in fact the exact opposite is true. It’s almost impossible for them to destroy the dollar system through ‘money printing’.

[Anonymous No.21500039]

>>21497573
that's the catch though, isn't it? it's not a simple supply/demand curve when they (big banks, big real estate) have no incentive to sell. it's not fruit, the house won't expire. sure there is maintenance but it is pennies compared to the price tag.
homes will sit vacant just to prop the market up.

[Anonymous No.21500096]

>>21498905
cringy joker larp lmao the chaos is going to fuck your asshole, anon

[Anonymous No.21500115]

>>21499984
while its speculation there is a fucking lot of red flags going up that say its likely to happen if the government doesnt pull a magic trick

>forebearance ending
>unemployment way fucking up
>job return is likely 40%
>stimulus to travel industry is ending and furlough is coming in october for MANY within the airline industry
>mortgage freeze never occurred and 6 months of no rent is hitting air bnb holders, rental groups, and low tier landlords
who the fuck is gonna afford housing at its current rate with this continued lockdown going well into 2021 Q1 at the very least? regular middle class defaults seem almost entirely guaranteed it seems?

[Anonymous No.21500161]

>>21499476
I don't need your silly analogies.
I get it. You think most landlords aren't mortgaged, or at least not over-leveraged in a way that they can't handle a year without rent.

But who says so? Show me data faggot.

And also that year might become longer and longer as no vaccine is found.

[Anonymous No.21500233]

>>21500039
That’s what they did in 2008. So many houses were empty. That’s when there were squatter wars in California because after staying there the banks couldn’t kick out the squatters due to some kind of law. Top that with tons of Mexicans breaking into these vacant houses and stealing all the appliances. Was funny shit. Banks don’t care. They will still sell the house and make tons of profit.

[Anonymous No.21500251]

>>21500115
>>21499984
also unemployments additional money and expediency is ending and no more stimulus checks either

[Anonymous No.21500333]

Guys you know that landlords not getting paid isnt the real problem right? They could not pay anything on their loans for a year and it wouldnt matter. The problem is mortgage CFD's traded by the banks between themselves

[Anonymous No.21500412]

>>21494108

The banks are in bed just as much as these homeowners are. If they sell / are evicted and the prices of homes tanks the banks are just as fucked

[Anonymous No.21500415]

>>21500161
>But who says so? Show me data faggot.
It goes both ways. Show me the data that shows most landlords are overleveraged. We're both speculating but going by what we've already seen this year: that most landlords don't really give much of a fuck if rent isn't been paid for months, is a clear sign that they are doing just fine.

[Anonymous No.21500615]

>>21497702

What I meant is that with the lockdowns happening, consumer spending hasn't really changed much. The economy doesn't reflect the poverty or struggles of the middle class and lower class because the 'real economy' of the united states is largely built around the consumer spending of people who live in gated communities.

If the economy is a house of cars, then the bottom layer has collapsed but the rest of the house is still standing somehow. And so there is no incentive for helping people. If you get evicted or lose your job or small business, your just expected to die in the woods or something and nobody will care and it won't cause the system to fall apart either.

[Anonymous No.21500946]

>>21494108
Reminder that in western europa, the banks can directly take money off individuals bank accounts, in case of a collapse of the banking system. That's what happened in Cyprus. The laws in western europa have been voted in 2015-2016, for the banks to take directly on the individuals saving.

[Anonymous No.21501057]

>>21496410
I got one for you.
PCE inflation for June 2020 was 4.5%. Fed's goal is to get it back to 2% month over month and they got a long ways to go. So we can probably expect each month for the next 10 or so months to be +4%. So if you have a mortgage with 3.5% interest rate, by the time the bank gets their payments + interest it will be worth well less to them.
>deeply_concerned_hebrew.jpg

[Anonymous No.21501466]

>>21498349
Why do you think we're all trying to get rich off cryptos? There won't be a middle class, only the extreme rich & the slaves in crushing poverty forever.

[Anonymous No.21501493]

>>21500415
>that most landlords don't really give much of a fuck if rent isn't been paid for months, is a clear sign that they are doing just fine.
Just more speculation on your part. Landlords are fine because they received their rent (or enough of it) due to Fed stimulus saving their tenants or their tenants not being as adversely affected as was anticipated. You can actually look this up, most of those saying they couldn't or wouldn't pay rent ended up paying it shortly thereafter.

[Anonymous No.21501509]

>>21495878
You think people are going to go out when there's a chance they could be sick for weeks and permanent fucked up? You think people are going to go out when they had bodies overflowing the morgue lol. Shit would have closed anyway

[Anonymous No.21501524]

>>21498945
>JM
Jew metal. They're not even hiding it anymore. You boomer retards are worse than bitcoin maxis.

[Anonymous No.21501562]

>>21498988
Fuck off back to your safe space faggotnigger

[Anonymous No.21501591]

>>21499344
Used to want to do this. After seeing all the hoops I had to jump through I bailed.

[Anonymous No.21501622]

>>21501524
>>21501562
You're trying too hard and you clearly don't fit in here.

[Anonymous No.21501688]

>>21497533
It's back to work tomorrow, wagies! Another day slaving for Mr. Noseberg. Work makes you feel alive!

[Anonymous No.21501729]

>>21494373
Yep. MMT. In either September or November, the Fed will introduce 2 new policy decisions.
>1) Yield Curve Control where they will print dollars and buy as many bonds as necessary to keep rates for various maturities along the yield curve below their targets i.e. QE infinity
>2) the Fed will abandon the inflation target and allow as much inflation as is necessary in order to keepthe bubble inflated and inflate the debt down to a real value that is manageable
The debt to GDP is too high to service, so they will be creating this environment of:
HIGH INFLATION + LOW INTEREST RATES = STEEP NEGATIVE REAL INTEREST RATES
The last time we had significant negative rates was in the 70s and gold did an 8x.
Not financial advice, but here's your play: buy physical gold and silver..not the paper stuff. Buy gold and silver miner ETFs and individual stocks. All assets are going to go up as the dollar is debased, but not all at the same time. It's possible we see Dow at 60,000 but it is worth less in real terms than now. Brent Johnson seems to think the dollar will spike before it falls due to his dollar milkshake theory. It's plausible. But even he agrees that gold is the ultimate winner.

[Anonymous No.21501776]

>>21499822
>inflation will make it so house prices will be going up this whole time too
I worry about this. I had hopes Canada's housing market would cool but it's not. Or not by much, anyway. A 10% discount does not make a house affordable for me.

[Anonymous No.21501838]

>>21497896
>>21501729
They've chosen the latter. YCC is coming. We will steep negative rates to inflate the debt away and assets go higher.

https://www.stlouisfed.org/on-the-economy/2020/august/what-yield-curve-control

https://www.bloomberg.com/opinion/articles/2020-07-08/federal-reserve-to-decide-targeting-bond-yields-makes-sense

[Anonymous No.21501840]

>>21501622
I have 50k link and I've been here since before you were born goofy dancing ass kikelover

[Anonymous No.21501848]

[Anonymous No.21501874]

>>21499822
The majority will be renters of houses owned by large multinationals and sovereign wealth funds. People will be priced out of the prospect of home ownership.

[Anonymous No.21501877]

>>21498042
someone still has to operate the robots. It's not like these things are automatically going out to the properties and printing houses.

[Anonymous No.21501913]

>>21501840
Gratz on making it, fren

[Anonymous No.21501930]

[anon No.21501998]

>>21495713
^This.

Its called Market Noise for a reason. What you gonna do, not invest in anything? That is why investments should be for the long term. I don't buy anything I won't top up in a crash, that why you don't lose out by losing your iron fucking hands nigger.

[Anonymous No.21502040]

[Anonymous No.21502250]

[Anonymous No.21502871]

>>/biz/thread/11023133

[Anonymous No.21503197]

>>21501840
>t. LARP newfag

[Anonymous No.21503246]

You fools Its just supply and demand. Demand is high right now "BUT, MUH BUYERS MARKET". Yeah well, parabolic stocks look like a buy too until you wake up the next day and the asset you purchased was cut in half in value in a single trading session.

Supply of homes on the market will continue to increase. People need cash. Americans were already over leveraged before we ran into this cash crisis. I drove around my city just today and played a "count the for sale signs" game. Each week it becomes worse.

So tell me tards, what happens when supply continues to increase? Sellers compete with each other. Desperation to offload the asset. We're poor, we need the cash, this asset isn't paying anymore, I need to sell it before you. Prices come down LIKE THEY ALWAYS DO

The same people saying that it won't correct probably believe that BTC is going to replace the US dollar.

[Anonymous No.21503379]

>>21496247
Our fate:
>NEW TAX ON PEOPLE WHO OWN MORE THAN 10MIL OF ASSETS
>House prices hyperinflation
>suddenly everyone who owns a house are millionaires
>TAKE_THE_TAX_Or_Else.goyim
>end up destitute and poor in real terms
>they take your house
>:(

[Anonymous No.21503593]

>>21503379
But how do tannerite dogs factor in?

[Anonymous No.21503656]

>>21503593
Simple, we strap tannerite on the dog and then the dog on the Jew and shoot all 3

[Anonymous No.21503771]

>>21494578
Because orange man bad

[Anonymous No.21504007]

>>21503771
I mean fuck trump for no follow-through on taking down hillary, shilling to israel and letting epstein die but Ill still take him over the fucking dems and their new capital gains tax they want

[Anonymous No.21504233]

>>21504007
Trump’s Jews want to rob me and the Dem’s Jews want to kill me off. Yeah, I’m voting for Trump because clearly one of those is worse than the other, but I don’t have to be enthusiastic about it.

[Anonymous No.21504288]

>>21504233

Its a case of learning the Jew game and getting good at it

or letting the Dems take over and having ZERO chance because you aren't the right color or gender.

[Anonymous No.21504556]

>>21494578
Because we fucked it up and didn't lock down properly when this shit was just getting started. We needed a China-tier dystopian lock-them-in-their-apartments response to it, and it would have sucked dick for two weeks in March and then everything would have been fine. Don't fire anyone, just keep them on the payroll for two weeks on paid leave compensated by a one time gov payout, then return them all to work with corona dead and gone.

Instead we farted around dithering until late march and the CDC, tromp administration, state governments, all dragged their feet and gave mixed signals and patchwork responses to the thing. So we got the worst of both worlds, a protracted neverending quasi-lockdown that's put millions out of work permanently and a corona that is still basically uncontrolled and rolling through the population unchecked, especially now that people have lockdown and mask fatigue and wouldn't obey a second hard quarantine order even if they were ordered to (which would never happen because there is no political appetite for another total shutdown)

tldr lards are fucking stupid and incompetent lazy fucking fucks

[Anonymous No.21504614]

>>21497292
Why the fuck is shadow inventory a real thing, then?

Something that started in 2008 or before then? And what (if anything) could cause its demise

>>21501057
Didn’t know what PCE inflation was had to look it up. But what are you saying then, getting a mortgage with interest rate X% < PCE inflation % = good thing?

Sounds more like just a bad thing for the j00s, not necessarily good for me if rates just continued to drop, right?..... Plus, what would that say about the economy as a whole if bankers for some reason couldn’t get returns greater than inflation...

[Anonymous No.21504709]

>>21504556
here >>21496383

herd immunity was the way to go fuck the old and the fat

[Anonymous No.21504889]

>>21495743
Median home price to median income is like 6-7:1 in most parts of the country, historically it has been 3-4:1. The housing market is simply insane at this point. Houses shout not be appreciating assets, period. Houses that rise infinitely in value even as they steadily deteriorate from the inside out makes no sense. Moreover, you are arresting the development of younger generations by putting home ownership, building of equity, building of community, and starting families perpetually out of their grasp.

Let's put it this way, buying a house in a country with a housing market that is 100% more expensive than it historically has ever been is a lose-lose situation. Either it corrects and your house is now worth 50% what you paid for it. Or it keeps going up up up and civilization slowly fucking erodes around you down to the struts and wires, because your country has stopped having children and younger generations have resorted to forming roving, homeless gypsy kill squads just to get by because they can't front the $200k down payment on a $1mil, 500sqft starter home.

[Anonymous No.21505087]

>>21504889
I mean it does make sense, theres more and more people in desirable neighborhoods and areas getting gentrified but still more and more people

and richer people want to keep getting the fuck away from low tier shitters so it keeps those pricey homes desirable

problem is that people wont be able to keep up with this rate and this crisis should be shining a huge spotlight on that

[Anonymous No.21505362]

>>21504709
Serious permanent organ damage to a sizeable number of Covid victims, even those who were asymptomatic. Telling everyone to just get it and get it over with might end up being like telling everyone to shoot out their left lung and kidney.

[Anonymous No.21505472]

The harsh reality no one will accept is the chosen people will never ever let house prices drop because they hate us so much and only want us to suffer as much as possible. The more we suffer the more they prosper.

[Anonymous No.21505731]

>>21505362
again man china is still under mass duress and the virus is out of control in multiple parts of the country, the death toll has never been properly recorded either

now unfortunately theres no easy calculation for death by unemployment but its probably gonna kill more people if you consider not having a job, food supply chain breaking, increased crime, infant mortality, and homelessness spiking

so yeah cure worse than the disease

[Anonymous No.21505869]

>>21496855
wonder why fema ordered all those millions guillotines heh.
you know you just know whats coming will be ugly :-)

[Anonymous No.21505938]

>>21495743
Why the fuck would anyone willing get into a 30 year mortgage? What about the prospect of job loss and losing your home?

[Anonymous No.21505963]

>>21496941
you know poor people are effected by wealth taxes way more than by rich right?
poor people can’t afford tax consultants,or the ability of off shore banking or any number of the legal loopholes put into place by politicians and their cronies right?

[Anonymous No.21506136]

>>21494325
My thoughts exactly lol

[Anonymous No.21506461]

>>21503379
Taxes are just a stupidity test for the wealthy. Once you make it you'll know how to avoid (most of) them

[Anonymous No.21506522]

>>21494108
who cares it's all fake peper money anyway. someone else will become the new debt slave with fake money.

[Anonymous No.21506587]

>>21499822
Its fine if you hold anything that goes up with inflation (Even more if it outpaces inflations growth). Wagies will be screwed tho.

[Anonymous No.21506599]

>>21501729
>>21501838
How to profit out of this, just metal and miners? sorry brainlet here.

[Anonymous No.21506701]

>>21500946
They will never need to do that since they can always print more money.

[Anonymous No.21506734]

>>21506599
>asking that question on a crypto board
NGMI fren

[Anonymous No.21506824]

>>21494339
A few years after the federal reserve was established they allowed the great depression to happen. Over 100 years later they're no more competent.

[Anonymous No.21506893]

>>21498988
My eyes just rolled right out of my head.

[Anonymous No.21506974]

You guys need to take into account that America is getting less white and less productive. Americans are fucking lazy at work and that Obama China documentary on Netflix clearly shows it. It’s because Americans are diseased and getting less white and less monocultural. Multiculturalism is truly a curse and destroys every nation that is infected. On the bright side Americans will be poor but also things will get cheap like in Mexico or Colombia.

[Anonymous No.21507042]

>>21499200
This is the only right answer

[Anonymous No.21507046]

>>21506974
Even in Mexico, the Castizos make the most money and run the shit.

[Anonymous No.21507122]

>>21505731
teh short movie said every 1% rise = 40k deaths or some shit

[Anonymous No.21507220]

>>21507046
The richest Mexicans are unironically Arab jews

[Anonymous No.21507245]

>>21499200
>>21507042
I wonder if this will ever come to a head. Americans are so lame, there wont ever be a meaningful revolution

[Anonymous No.21507389]

>>21507245
lmaooo the government just took away everyones free time and enforced a dress code and the only people talking about revolution are communists (state thugs) and guys on pol who will be sitting on their hands until the inquisition comes to their door step with their internet history printed on a warrant for their arrest.

[Anonymous No.21507466]

>>21505362
>billy the 45 year old chain smoking average american (350 pounds) gets covid and goes to the hospital for the first time since he was born
>wow covid ruined this dudes lungs and gave him chrones and an ulcer.

[Anonymous No.21507518]

>>21505938
to lock in an interest rate, control the amount of money they put into the home, and have the money spend on other things but I doubt most of them are using it for investment. Boomers buy an RV and a boat.

[Anonymous No.21507619]

>>21507122
yeah but it was just a bs number they threw out, tried to find the math behind that quote and there is nothing

but I do believe it is something close to it with longer lasting implications

[Anonymous No.21507868]

>>21503246
they're not saying it wont correct, they're saying that the correction will be mitigated by inflation. The prices wont necessarily go down because fiat will be worth less and people will still not be able to afford a home.

[Anonymous No.21507893]

>>21505938
Do you think your housing expense just doesn’t exist if you rent for the next 30 years instead of own? At least with owning you build equity and your payment won’t increase every year, plus you don’t have to ask a landlord what can and cannot be done to the property.

[Anonymous No.21508003]

>>21507893
Your city ordinance becomes your landlord.

[Anonymous No.21508040]

>>21507893
HOA becomes your landlord sometimes too

[Anonymous No.21508126]

>>21508003
>>21508040
Those aren’t unique to owning, you can be subject to both while renting too. Also if you choose to live in an HOA neighborhood and you end up disliking it whose fault is that?

[Anonymous No.21508177]

>>21501466
>There won't be a middle class, only the extreme rich & the slaves in crushing poverty forever.

Hasn't it always been this way. The middle class isn't much better off than the poor.

[Anonymous No.21508205]

>>21504556
What's it like going through life that stupid?

[Anonymous No.21508386]

>>21504889
If you look at history, thing never stay that bad for that long. Something will give.

[Anonymous No.21508476]

>>21499822
Thats why we all will have to live in apartment complexes to "preserve our freedom"

[Anonymous No.21508493]

>>21505362
>>21505731
Shut the fuck up about your hoax, false-positive, banker distraction, seasonal cold fucking virus already fuck!

[Anonymous No.21508532]

>>21497134
Open defecation ?

[Anonymous No.21508664]

>>21501776
A head of our reserve bank literally announced that we will be keeping interest rates low for the foreseeable future so don't be shy about taking on a mortgage right now.

Canada will force the taxpayer to take on mortgages before they allow a correction and will only stop if immigrants get wise and start turning their nose up at Canada. Immigration and money laundering promises are our only product left and this indirectly means our country will collapse before our housing market does.

[Anonymous No.21508670]

>>21495893
Thanks too BRRRRRRRRRRR and more BRRRRRRRRRRRRRRRR house prices will actually rise on top of what you said.

[Anonymous No.21508783]

>>21508493
>stop talking about the thing thats gonna cause a mass default
how bout you go sit in the TRANQ shilling thread instead faggot I started this thread on my phone

[Anonymous No.21508934]

>>21505938
job loss, foreclosure aren't the end of the world.
keep stepping up to the plate or never hit a homerun.

[Anonymous No.21509093]

>>21498792
kill jew bankers.

[Anonymous No.21509250]

>>21508783
>This chain of events happened totally by chance and shouldn't be questioned ever.

[Anonymous No.21509736]

>>21498988
Shut the fuck up zogbot

[Anonymous No.21510339]

>>21508177
>Hasn't it always been this way
No. Historically a healthy middle class is what predicts good times. Poverty and wealth will always exist, sure, but when either gets too large or owns too much of the pie is when shit really hits the fan quick.

[Anonymous No.21510377]

>>21509250
you do realize im pro herd immunity because of the low mortality rate, you didnt confuse me for the other anon like a retard did you?