/biz/ - Business & Finance

>Mfw only now Andy is starting to play with the idea that maybe we're pulling back because of high interest rates.

Well no shit.
It really shows how his strict data dependency can fuck him over and how it makes him a bad short term trader.
Of course housing is pulling back because of high interest rates, the average consumer is getting fucked hard.
The fact that the normies are substituting their daily spending with credit cards should be strong enough of a signal that they're running out of money in the first place.
How can Andy think that Millenials who are the poorest demographic in the recent history, would be able to even qualify for the kinds of loans that the high housing prices call for?
Some guy working as a barista who spends 80% of his income on rent and shares a house with 4 people, sure as fuck won't be buying a home the way his parents did.
I think his thesis is at least partly fundamentally fucked in the current scenario because he ignores many of the finer points about government interference, demographics and people's true consumption power.

In my opinion the only factor that can keep the housing going up radically is institutions running into housing for safety as the markets tank and that's about it. They're the only ones who can afford it.
But if they at any point decide to dump their inventories and run to the safety of the dollar rather than buying more homes, this housing of cards is going to be over even faster than ever before in history.

>Make €1500 a month under the table and live home so no expenses
>Invest about €1100 a month
>Mfw I'm investing more monthly than my friend in Texas who makes 95k a year.

American consumption society was a mistake.
Every single meal he eats has been ordered from somewhere and he constantly buys useless shit. Then complains that he can barely make it due to high living costs.

>Implying manual labor his hard

Only thing you need to do is to lift heavy things and the main thing which makes it hard, is the detrimental drinking culture these knuckleheads have. If you don't wake up with a massive hangover every day it's easy as shit.
But hey you got to drink and be part of the group because that's what real men do. Fucking conformist pussies.
I used to work construction and it was one of the easiest things I've ever done in my life. Shoveling concrete all day is simple as fuck.
Now I draw furry porn for a living and it's infinitely harder on both body and mind than any manual labor I've done.