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/biz/ - Business & Finance

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50536840 No.50536840 [Reply] [Original]

Its over for me guys. Europe is really shithole

>> No.50536925
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50536925

>>50536840
Act more like a /biz/nessman
>ECB raising rates first time in over a decade
>Euribor on a clear moonride this year after a long time of being limp
>A recession incoming or already here
>Energy prices supposedly to moon this winter
Real estate is going to correct over the next 12 months. Use the time now and position yourself to take advantage of it. Whining doesnt help

>> No.50537081

This needs a bump
OP is a faggot

>> No.50537843

>>50536925
Im from czech republic, we dont have euro And our interest rates are already 7%+ lol

>> No.50538228

>>50536925
normies have no idea how bad their lives are going to get after this winter
the forced liquidations of real estate are going to be glorious and unlike the usa there is no blackstone to prop it all up

>> No.50538777

>>50538228
FUCK NORMIES!! FUCK BOOMERS! FUCK NORMIE BOOMERS!!!! AAAAAAAAARRGGH!

>> No.50538816

>>50538228
Aren't most house loans fixed rate anyways? I mean nobody would be so stupid as to not use a loan with a fixed rate.. right?

>> No.50538890

>>50538816
Nearly 50% are not fixed! and you also have to count people that are having their new flashy houses finished and have to take a mortge now.
Those poor bastards took the worst from both world, high peak prices and high rates….

>> No.50538939

>>50538816
Fixed rate for some amount of years is very common, say first 10 of 30 years are fixed and the other 20 you might get fucked.

>>50536925
Genuinely considering selling my house this winter or next summer. It went +100% in 7 years and basically has to hit the fan soon. That said money is also worth nothing, not really sure where to put it in.

>> No.50538958

>>50537843
don't vote for feminist marxist scum next time, europoor

>> No.50538972
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50538972

>>50538958
>voting matters

>> No.50539046

>>50537843
Contagion will inevitably happen. You are pretty much in the same economic system. Don't even consider buying anything big now. No house, no car. Save up and focus on other stuff for at least half a year, then look at the market and you'll start to see opportunities.

>>50538228
But in turn normies in EU who dont have a house and have some savings are going to be lucky af. Finally some reasonable or even underpriced opportunities to come.

I have millenial frens who have bought apartments on a small down payment and rented these immediately out, pocketing monthly rent-mortgage=profit. This strategy all stops right soon.

>> No.50539056

>>50536840
Well at least that 300 Sq ft commieblock isn't built with lumber or whatever.

>> No.50539099

>>50539056
at least the shitskins and boomer scum in his country have free healthcare, don't forget about that, bigoted american

>> No.50539860

>>50536840
Only 15x? Imagine living in South America, you need 20x your monthly income just to buy a new car.

>> No.50539905

>>50538972
Voting does matter. You want to get the bullshit over sooner than later, go full accelerationist and elect Trump again for 2024. Do everything you can to support a reelection from him and relish in the mass chaos that will follow. Let them burn it all.

>> No.50540427

In Poland, almost every mortgage is with variable rate.

Just imagine still interest rates increasing and unemployment rate skyrocketing

REKT

Normies will finally understand that feeling of getting liquidated

>> No.50540812

>>50538816
fixed rates don't matter and even then like the other anon said its still only half who have a functioning brain
no the problem in europe is that everybody told the younger generation to buy a house at all costs, so millennials bought homes as close to their budget as possible on 30 year loans
this winter when the combined whack of massive layoffs due to energy rationing and hyperinflating heating costs hits so many of them will not make the monthly payments and be forcibly liquidated, they don't have savings and the bennies will not be enough to pay for upkeep this winter
its going to be glorious

>> No.50540857

>>50536840
I worked on an American base in Germany and made $88k that was hardly taxed. Was just security