hooray! let's goooooo
hooray! let's goooooo
My first (prime) mortgage was 6% right before, "subprime was contained." We are in the killbox.
My first (prime) mortgage was 6% right before, "subprime was contained." We are in the killbox.
Bring it on, hopefully 10x worse.
Bring it on, hopefully 10x worse.
Whether it happens or not, in both cases it's going to be for blackrock's best interests
Whether it happens or not, in both cases it's going to be for blackrock's best interests
Oh for sure, Gates and all the wealthy Globalists will buy it up. I'm surrounded by idiots who told me interest rates would never go up again and house prices will only keep rising. Fools buying up every available home at 10 - 20 - 30% over asking price, like a feeding frenzy at the cheap money trough. They never learn from history.
Oh for sure, Gates and all the wealthy Globalists will buy it up.
I'm surrounded by idiots who told me interest rates would never go up again and house prices will only keep rising. Fools buying up every available home at 10 - 20 - 30% over asking price, like a feeding frenzy at the cheap money trough. They never learn from history.
Let's say they've been right for quite some time. Their mistake was to believe that trees can grow to the sky, and that the gov/fed/tptb would never allow a collapse to happen...
Let's say they've been right for quite some time. Their mistake was to believe that trees can grow to the sky, and that the gov/fed/tptb would never allow a collapse to happen...
It depends on the region. Also over time I read the comparison was that rent went up 3 times and housing up 2 times over the same period due to inflation since the 70s to present.
Check this map out https://twitter.com/FortuneMagazine/status/1564690700553392129
It depends on the region. Also over time I read the comparison was that rent went up 3 times and housing up 2 times over the same period due to inflation since the 70s to present.
Check this map out
https://twitter.com/FortuneMagazine/status/1564690700553392129
Most upvoted comment on ZH
>banks learned from the last debacle. they take their fees on mortgage originations and selling them off. in communist ussa, the fed, fannie mae and freddie mac hold the vast majority of mortgages. in fascist ussa, blackrock etc own a huge number of homes outright. all bets are off on how this manipulated market behaves.
Also
>Not a word in the article about Blackrock. Every article about residential real estate should include something about the entire market getting sodomized by Blackrock.
lol
Most upvoted comment on ZH
>>banks learned from the last debacle. they take their fees on mortgage originations and selling them off.
in communist ussa, the fed, fannie mae and freddie mac hold the vast majority of mortgages. in fascist ussa, blackrock etc own a huge number of homes outright.
all bets are off on how this manipulated market behaves.
Also
>>Not a word in the article about Blackrock. Every article about residential real estate should include something about **the entire market getting sodomized by Blackrock.**
lol
it's not the same, but I'm not sure if its positioned better or worse.
lending practices have been much better the last decade. which was the heart of the 2008 problem. too much money being lent to ppl who couldn't afford it.
we do have a housing supply shortage, which serves to hold the market up. so that isn't a total positive, but it means demand for homes is still there, but that demand will wane as prices and especially interest rates increase.
also, this time around the economic conditions arent limited to housing, the issues are much larger. real estate won't be the catalyst, but will get sucked into a recession/depression along with everything else. we've got shipping issues, supply of goods issues, ESG/Green Agenda bullshit, interest rate issues, de-dollarization issues, global war issues, and globalist cocksucker issues (WEF).
i have no idea where to park my investments. cash loses value to inflation, RE doesn't seem like it can go much higher, stocks look shaky as fuck and thus crypto, some specific sector businesses may do well, but i think the ones that'll run will rely heavily on automation which requires a big investment. the future is very unclear. good luck to all.
it's not the same, but I'm not sure if its positioned better or worse.
lending practices have been much better the last decade. which was the heart of the 2008 problem. too much money being lent to ppl who couldn't afford it.
we do have a housing supply shortage, which serves to hold the market up. so that isn't a total positive, but it means demand for homes is still there, but that demand will wane as prices and especially interest rates increase.
also, this time around the economic conditions arent limited to housing, the issues are much larger. real estate won't be the catalyst, but will get sucked into a recession/depression along with everything else. we've got shipping issues, supply of goods issues, ESG/Green Agenda bullshit, interest rate issues, de-dollarization issues, global war issues, and globalist cocksucker issues (WEF).
i have no idea where to park my investments. cash loses value to inflation, RE doesn't seem like it can go much higher, stocks look shaky as fuck and thus crypto, some specific sector businesses may do well, but i think the ones that'll run will rely heavily on automation which requires a big investment. the future is very unclear. good luck to all.
What's for sure is that you can't live in a gold bar, or a stack of cash, just as you can't eat them, or grow food out of them. At least with cash you can wipe your ass, I guess
During zimbabwe's hyperinflation, people were always in a hurry to get rid of their cash, because fiat devalued everyday, so it was always a rush to buy second hand stuffs, from a toaster to a bike or whatever, because while their value degrade overtime, it still didn't degrade faster than the value of the fiat used for transaction https://pic8.co/sh/nhKoCQ.png <- notice the nice little turd, bottom right corner
Now while you might say "yeah but that's what niggers do and I'm not a nigger", which would be a pretty accurate statement in itself, the fact remains that the only game in town is called the cleanest shirt in the dirty laundry basket, and that's not going to change, it's a constant
What's for sure is that you can't live in a gold bar, or a stack of cash, just as you can't eat them, or grow food out of them. At least with cash you can wipe your ass, I guess
During zimbabwe's hyperinflation, people were always in a hurry to get rid of their cash, because fiat devalued everyday, so it was always a rush to buy second hand stuffs, from a toaster to a bike or whatever, because while their value degrade overtime, it still didn't degrade faster than the value of the fiat used for transaction https://pic8.co/sh/nhKoCQ.png <- notice the nice little turd, bottom right corner
Now while you might say "yeah but that's what niggers do and I'm not a nigger", which would be a pretty accurate statement in itself, the fact remains that the only game in town is called the cleanest shirt in the dirty laundry basket, and that's not going to change, it's a constant
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