/biz/ - Business & Finance

>>17359414
It's the leverage.
Government guaranteed loans with 3% down. FHA loans are the issue.
>So my question is: why is the price of everything going up? Is this normal inflation? What in the actual hell is going on?

Just rent stack gold, silver and bitcoin. Then just wait. This whole system is starting to collapse and price will come down.
read this
https://www.armstrongeconomics.com/real-estate/real-estate-cycles-real-value/

>>17359414
1. Meth addicts with 30k a year jobs can still sign their life away into debt slavery to buy a 100k home because the fed safeguards unrealistic debt. More people can "pay" for houses, so offer and demand kick in and prices go up.
2. Bank investors will buy it because they can spend future money through fractional reserve banking, and thus have as much money as inflation is high as long for as they can keep the wheel spinning. This money naturally has to be put into stable assets and real state is exceptionally good at that.

>>17359626
*real estate

>>17359626
*for as long as
fuck i'm too drunk for this shit

>>17359414
median house is more like 700k in Ontario

invest in meth

>>17359732
I AM THE DANGER

>>17359698
Toronto and Vancouver real estate in particular are fucked beyond comprehension.

>>17359414
This is by design anon. YOu are supposed to be a good goy that pays your taxes and keeps a steady job so you don't get behind on your mortgage. Monetary policy basically forces you to be a cog in the wheel.

>>17359414
limited supply of land & houses vs unlimited supply of fiat money that just keeps increasing. this includes low interest rates = more credit available for each dollar someone has as well as literal money printing. This all flows to assets that are scarce.
Also people underestimate how much the government will work to keep prices of everything going up. Everyone with the power to affect prices is heavily invested in these so they have a vested interest in propping this up longer than it should go.
Buy land with cheap credit if you can afford an interest rate correction, pay for it flat out if not, buy stocks, buy bitcoin

>>17359414
>Surely the meth addicts with 30k a year jobs aren't buying these houses. So who the fuck is

>>17359767
Everything here is just absolutely fucked
I hate it here
t. Vancouver

>>17359414
>mortgage rate in 1970: 8.5%
>mortgage rate in 2019: 3.5%
There's your answer.

>>17359414
Prices are going up because businesses are buying the land, not the houses. The goal is to tear most of that shit down and set up apartments so the public can be milked dry on a monthly basis. House prices increasing in random places with no demand for the actual houses themselves a side effect of these larger bidding wars.

>>17359414
>pick a market bottom
look so cheap!
>pick a market top
look so expensive!

We are in a typical range. You faggots just use numbers that are there to manipulate you by people that sell houses and gold.

Stay dumb!

>>17359414
>inflate housing prices for decades using loans issued to niggers who can't pay them back
>banks have no problem issuing these loans because they know their reckless behavior will be subsidized by taxpayers against their will because JEWS
>2008 happens
>instead of banks getting btfo for shit risk management they get a bonus and taxpayers take the hit
>housing prices never allowed find actual bottom or equilibrium because it gets propped up with stolen money

Something like that.

>>17359698
chink pump is real

>>17360772
fucking chinks did it in sydney too

>>17359698
700k CAD is only worth $100 USD though

>>17359414
Only gold is money, nigger brain

>>17359817
This... this is why mortgage literally means "death grip". They say it isn't why but we all know these kikes lie to us.

>>17360458
will this madness end in our lifetime?

>>17360012
"diversity is our strength"

>>17360801
chinks unironically ruin everything

>>17360978
>>17359414
gold ounce 1970: $38.90
gold ounce 2020: $1,511

median house price 1970 in gold oz: 606 oz
median house price 2019in gold oz: 208 oz

wtf houses actually came down in price in terms of real money

>>17359414
It's because there are literally no where else to park your money. I have a pretty diversified portfolio of stocks, gold, bonds, crypto, and the house I live in with acre of land in a city. And every month I've been buying more into all those things for years besides real estate since real estate is a big investment. I've been looking at buying another house though as an investment property because my stock investment alone is now worth about 4x the value of my house. I need to take some profit off the overvalued stock market and put it into safer investment - real estate.

>>17359414
My town is the same, small shit hole, nothing happening, meme jobs only. Tons of new houses being built and all of them getting sold, older houses all still occupied.
Who tf are buying these houses?

>>17359698
I'm renting here and I could afford a shit tier home if I sold all my crypto and my entire life savings and paid 1/2 my income for the next 25 years. Is it worth it?
Bottom tier homes have gone from 300k to 500k in my area the past 4 years and I'm scared of being priced out. It's not like we're slowing down on immigration anytime soon.

>>17361586
immigrants

>>17362355
in small towns? no way lol

>>17361866
If you feel fomo for anything ever it’s a massive red flag to not touch it. Learned this the hard way many times. >>17362395
https://m.dailykos.com/stories/2020/1/25/1913264/--Home-Now-Somali-refugees-forge-new-lives-and-transform-a-dying-Maine-town
Are you 9 years old? This shit is happening everywhere in rural areas.

>>17361372
>>17360801
if you own real estate you love chinks

>>17362435
Maine has been ruined by leftist ideals being brought here by Massachusettsfags. Southern Maine is gone; northern Maine is based. Regardless, every Mainer knows to stay away from Lewiston. It is, quite literally, a shithole.
t. Mainer

>>17362435
I've felt fomo for the past 5 years but I've held off, and I don't see an end in sight to the madness.
Even rural areas in southern Ontario are pricey, all the immigrants move to Toronto and then spreading out from there, I'm a few hours away and we're definitely feeling the effects.
How can there be a bubble pop if demand keeps going up? Pajeets will take a hit to their quality of life by living with a dozen roommates so they can afford rent, but I don't want to live like a pajeet.

>>17359414
It's boomers thinking theyre slick. They hold a monopoly on the entire real estate market and are all telling each other to HODL. Jokes on them cause they're all about to die off lmao

>>17362435
There's no war in Somali, but muh "refugees".
Whole Europe is being flooded with useless Somalis parasites, even rural areas too.
Just have a look at Sweden for example.

>>17362435
When stupid people feel fomo, its usually for something stupid, and vice versa.

Take from that what you will given your past.

>>17359562
What's a good way to buy gold?

>>17359414
>So my question is: why is the price of everything going up? Is this normal inflation? What in the actual hell is going on?
The root cause is jews if I remember correctly.

>>17362604
>What's a good way to buy gold?
depends on how much
PAXG seems good for small amounts.
Then when you've saved enough by physical coins.
What do you hold now? You got some BTC for the bull run coming?

>>17362624
>The root cause is jews if I remember correctly.
couldn't agree more, look I've caught one right here. He was working on gentrifying a neighborhood

>>17359414
Prices go up due to demand or less availability. Availability is growing but demand supports it.

To me it seems that most people are just buying on debt.

>>17360122
Also, this. Money is cheap and should be considered a leveraging tool. Though people get it wrong when they buy houses as a liability and don't use it as an asset.

>>17362569
I think this might be considerable as well. Lots of people are in the market that can't handle money, seemingly. They're trading the long term effects (artificial price support, higher entry barriers) for short term gains.

Realistically people just need to stop buying. But with real estate being sought after as much as it is, and people looking to make passive income by rent outs, I don't think it will stop anytime soon. The same may apply to student loans. So many kids have gone to college they have essentially raised the barriers of entry into the workforce. This proves competition to be inefficient, because now the economy isn't maximizing utility and people are buying or collateralizing memes and things they can't afford.

The questionable part is why banks aren't being called out on the loan note + title. Since they hold the loan note AND the title, they should essentially be putting both values on the books.

It should be that the consumer gets the title for the loan, because you're paying for the title, but the banks being the swindlers they are and the population not knowing basic accounting lets this go on. It's a very unfair trade.

In the case of mortgages, the consumer is the one who shoulders all the liability. Like this. The note is worth 200k, the title is worth 200k. You are made liable for the note, but don't get the title until the bank says so, so you're basically paying the bank on the note while it gets to warehouse your personal property. It's like a pre lein how is that even acceptable?

>>17362642
I sold all my bitcoin when it hit $30 and I want to kms everyday.
I'll definitely be buying some for the big igloo.
Where's a good place to buy physical gold coins?
Is silver or other precious metals worth looking into as well?

https://www.bitchute.com/video/0IanhnOsO1OW/

Viewing material to support the aforementioned issues.

>>17362810
In an econ class I took we did a study of the housing market (as it was 2018, using statistics from 2016-2018) and per every single income group, there were many more housing units priced within their income brackets adverage housing unit cost out in the market, and yet the prices keep going up. Our professor concluded that its either all bullshit and it's gonna crash again or future mass immigration is priced in

>>17363100
Why price in real estate though. That hurts your TVM futures and no real estate agent wants to sit on a property for more than a month. I hear RE sales is competetive enough.

>>17363152
Ya, I'm guessing the point that the market didn't make sense at all is why he had us do a study on it, because it wasn't a real estate class, it was an econ class.

>>17363180
Understandably some offset is reasonable, but by my continued observations of the market, I think your professor is definitely onto something. The next 15 years should be very interesting all things considered.

>>17359414
fiat currency is being inflated into oblivion which means all asset prices are rising in relation to that. property is a special case because there's no real way of shorting it if its over-valued, so price discovery never really happens as people don't tend to sell their homes with the intention of buying them back a bit cheaper

>>17362823
>I sold all my bitcoin when it hit $30 and I want to kms everyday.
yeah I didn't buy at 20 cents and I know the feeling.
>I'll definitely be buying some for the big igloo.
>Where's a good place to buy physical gold coins?
Buy direct from mints and get the standard 1 ounce coins from governments with very little fees over the spot price.
>Is silver or other precious metals worth looking into as well?
yeah its more speculative, goes up faster goes down faster

>>17362810
>Though people get it wrong when they buy houses as a liability and don't use it as an asset.

As in, living in it vs. renting it out?

>>17359414
>Surely the meth addicts with 30k a year jobs aren't buying these houses. So who the fuck is? Makes absolutely no fucking sense whatsoever.
You no longer need US Residency/Citizenship to buy US land. Every single rich person abroad buys western land as their "safe money" bank account, because their asian/south american/african/indian/slavic government can't seize those. It's been happening for 40 years.

>Do you have drugs in your commuity?
>Some of those drug dealers will out compete the others
>They will become rich
>They will buy US land
Repeat for every single town in every single third world country plus any developed country where the government likes seizing your shit (commies, russians, EU). Essentially the whole world.

>>17359414
>central bank tells you the value of the currency it issues will lose 3pa against an index of consumer goods they set and change every year (while consumer goods get exponentially cheaper themselves)
>central bank tells you they do this to maximise the employment rate (make you unable to accumulate wealth to stop working)
>yfw when you can't afford a house

>>17363220
Essentially, yes. When the cashflow is outright negative, that's a liability. A debt. A cost.

On a balance sheet you would need to generate positive cashflow in the asset column to support the liability which is the mortgage note. People get the cash generally from jobs, sm businesses, etc.

But, if the property generates cash flow by itself, it's positive or break even cashflow fills the asset column to be the supporting factor for the mortgage note, and all extra income is flowed to those with equity or interest, usually the house buyer. This eliminates the need for outside cash to be flowed to offset the debt. But I don't know that many people with rental properties that can do it long term.

>>17363294
The central bank realistically should have no interest in it's people not working anymore.

Consider the government. They SPEND money each year because if they don't, their budget is cut. So they are quite literally incentivized to produce waste, which is loss.

As a central bank, you want to keep the profits churning, and less available labor hours is what I think to be less profitable, because now there is less quantitative cumulative taxes, you generate less income for the government, causing it to slow governmental growth, and that's exactly what the government does NOT want. That is to stop growing. So by continually keeping people as parts of the system, thereby exploiting them maximally, the government gets to continually expand.

>>17359414
I have relatives that live in Orange County and they said there are a lot of wealthy Chinese just buying up houses and parking the money there. Nobody loves in them, they don't even rent because they don't want the hassle, it's just an investment that sits there. Not sure how much that relates to your meth town but thought I'd add an anectdote.

>>17363346
>The central bank realistically should have no interest in it's people not working anymore.
Your core foundation is false. The very point of a society is to make sure your working drones don't have enough free time to be a problem.

>>17363439
Perhaps we are both right. Not everything is binary. Think qualitative too.

>>17363346
central banks shouldn't exist in peace time, it's debatable whether we are in a peace time.
Central banks make people poor, it's only around now as people are coming to realize they could save every dollar they could make over their entire lives and still have nothing that they get mad but most people don't understand measurement so they blame race or class and become socialists perpetuating a negative feedback loop of being poor, getting mad, becoming more socialist, voting away their property rights to government or institutions

>>17363439
read the us constitution. The pursuit of happiness

>>17363245
And then they pay property tax on it.
>Now do you see, Neo? Your government is being powered by this. *holds up picture*

>>17363522
Perhaps it can be concluded that the government and/or banks have a monopoly on human resources and capital.

What is a monopoly? "A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity."

A dollar can be a commodity, and it's utility is endless as long as men still use it. Therefore, the government and banks almost have a monopoly on value transactions and exchanges. Theoretically.

Keeping people in debt is a way to control them.

>>17363474
he's completely wrong.
There are tyrannical civilizations and righteous civilizations. The ones that view their citizens as resource are tyrannical whereas the ones that are designed to serve their citizens are righteous

It's feasible the us is completely corrupt and is controlled by entities trying to establish global communism. Alternatively the survival of the cultural and legislative freedom the USA was founded on has be ensured only the forceful containment of National Socialists, USSR and now maybe communist china which was only successful by redistributing the wealth of US citizens to the collective by central banking.

>>17363522
Pursuit of happiness is actually not a protected right. I don't know where people got that. That would create a paradox in law.

>>17363607
The only way it gets turned around is when the commodity that uses said capital, humans, stops using it. Without the humans, the currency has no value. So we can conclude humans have more value than money but people fail to see this and so we are where we are now. Explains the immigration welcomings.

>>17363622
It's so hard when you're having a conversation with somebody, and they go "x is a right dude!", from housing, to water or whatever. They are just so fucking stupid, the only thing that can guarantee rights is the governing body, and if they keep trying to take more of our money to guarantee more rights for themselve,s there isn't going to be a governing body for much longer.

>>17363620
Be honest. Do you think there is a single government on the planet that does not view its citizens as a resource?

>>17363607
They have a monopoly on the reserve currency by extortion of oil producing nations and the unit of measurement of value by consumerism placating poor people.

>>17363622
I didn't say it was, the US constitution is the core of the nation and is not a document that is compatible with
>>17363439
>The very point of a society is to make sure your working drones don't have enough free time to be a problem.

>>17363668
Says who? I don't see anyone stepping up. I only see outliers here and there lashing out.

>>17363620
Good points though I couldn't completely grasp all of your ideas because of the sentence structure.

>>17363669
ancient greece, republic of rome, usa prior to 1913.
There's probably been countless kingdoms throughout the world through history that were righteous

>>17363669
Today we just seem to have ignorant wage slave boomers who are career politicians who will vote in whatever bilderberg, world economic forum, imf, bis, world bank etc want.
The central banks are full of people that did well in economics in education, they're just trying to get a paycheck.

This is why bitcoin is important. It undoes all the corruption and they can't stop it because it's more legal than their own system

The way I see it, there are three soveirn powers in the world at the moment: China, Russia, and the US. The US at this point is starting to resemble Blizzard Entertainment more and more. We just went through our industrial phase and are now plateauing as far as profitability goes, this the need for immigration. China is ready to be the next major economic growth sector. Russia

I have no idea but that man is sexy on a bear.

>>17363724
And how many of them lasted

>>17363724
Don't forget the kingdom of heaven.

>>17363789
God's kingdom is eternal.

>>17363789
no shit, but that is the effort of tyranny. Greece never would've debased itself if the persians weren't already to fight them
rome never would've debased itself if it wasn't for foreign enemies
the federal reserve never would've been established to issue war bonds if it wasn't for germany then the nazis the ussr now china

this is like the fundamental story of history. It doesn't mean you should be an advocate of tyranny.
all eschatology requires a worldwide government for a kingdom of heaven/golden age

>>17363809
God had it easy, he didn't have to fight to defend his kingdom from other Gods

My grandparents bought a house for 60k local currency. Now it's valued at 4m.

I think we should also consider here people's lack of creativity when presented with available options for lodging.
There's renting, mortgaging/buying, but what else is there? Time to get creative boys.

>>17363836
And Rome was tyranny to every province it conquered. Don't you want to be a part of the new Rome?

>>17363868
Nor do we if we live by righteousness.

If everyone followed the righteous option today, things would change real quick.

The problem is people seem to value their short term lives here on earth over long term gain overall.

>>17363901
I'm a long term invester. I'd like to invest in heaven but is it FDIC insured?

>>17363896
I didn't define tyranny as conquest; The ones that view their citizens as resource are tyrannical whereas the ones that are designed to serve their citizens are righteous.

If I was living in china I would want to be conquered by the US

>>17363923
You trust the FDIC?

>>17363923
It's insured by the word of God Himself. Can't be God and a liar.

kek is /biz/ based all of a sudden?

>>17359414
>ok what the FUCK is going on with the fiat currency?
There is simply more of it.
More currency. (by design)
Ever increasing. (by design)
(probably) Never stopping. (by design)
Potentially infinite. (by design)
Welcome to fractional reserve banking (with interest attached)
>So my question is: why is the price of everything going up?
There you have it.
There is simply more medium to buy shit with.
Ever increasing. (by design)
(probably) Never stopping. (by design)
Potentially infinite. (by design)
Again, welcome to fractional reserve banking (with interest attached)

Oh, and btw:
prices do not care in whose hands this money (medium) resides;
prices only care about the amount of medium (money)

Housing prices are artificially propped up and inflated because selling your house for 100x what you paid for it is the boomer retirement plan. But they fucked up when they left younger generations a totally broken economy/job market because now there aren't enough young people to afford the astronomical prices they are demanding. Younger buyers also aren't as infatuated with McMansions and suburbs as boomers are, shrinking the market even more.

Foreign buyers alleviate some of this (the fact that foreigners are allowed to buy American real estate is one way the government is propping up the real estate market to benefit boomers at the expense of younger generations). Over the next decade the housing bubble will burst as more and more boomers are desperate to sell to pay for their retirement but there won't be enough buyers.

>>17363929
So would I. When it comes down to it, you k ow what makes this country great? Yes the petrodollar is very very important but you know what else? It's the schools. People come from all around the world to study here. Because we have top notch schools. But if someone comes here to study to be a doctor, shouldnt they go improve their hospitals back home? That's how we can axtualize real world change.

>>17364071
the petrodollar is evil, but maybe a necessary evil.
The difference is in china the petrodollar is not unconstitutional, the goal of communism is to have every humans life controlled to the goal of the authority. The goal of capitalism is to allow people to live in a system that serves their self determined pursuit of happiness.

school is where they teach you cpi is a reasonable measure of value over time

>>17362502
Mainer here, was thinking about going to visit a girl in auburn which is right across the bridge from Lewiston.

Portland has so many nonwhites in it, I barely see any white people walking the streets.

>>17362435

I'd like to post my blog post here since this thread is ridiculously offtopic anyway.

What is the most precious commodity anyone alive has on this planet? Time. Why is that? You can always work harder, expend more energy. But you can't generate more time. Now time can be combined with energy to become work. Then it can be something that holds value. That's what bitcoin is. So basically we valie things that are rare becaiae it took a certain amount of time and energy to produce it. So O guess what I'm getting at is money is basically a unit of energy.

>>17361447
>gold supply is natural
>houses keep being built
>basic supply and demand
Thank you economics 101, very cool!

>>17364342
>basic supply and demand
Thanks for not reading the thread

>>17361447

>>17364364
How do I profit off this

>>17364452
Housing options contracts. The how I need to figure out yet.

>>17364452
realize housing is a terrible investment. Nearly all of its perceived returns has been due to pricing it in a currency that losses value.
especially in the context of peak population this century and ever decreasing construction technologies.

>>17364469
Or renting to immigrants?

>>17364480
forgot pic

So... What:s a good place to hold money in the event of of a full blown Venezuela? Are CD safe?

>>17364489
Ehhhh. What's the average delinquency rate qualitatively? That'd be my concern. Pair that in with wages going lower and that means you're probably going to see growing loss and lower property values long term due to not enough days being rented and so on. Annual and quarterly rent curve going down over a decade for example.

Immigrants are only good for human capital and to be used as slaves from what I can see (exploitative). That and spreading the gospel.

I don't meet many immigrants or have seen many immigrants with high character/standards. Their countries and living/working circumstances seem to generally be tied in considerably to their character, or lack thereof. So the relationships with them I would say long term may have total accumulated value decay, aka the relationships are worth less as time goes on.

>>17364564
Croiuky mate, I was just joshin ya. We're just talkin about making a profit thaya all. Your right somwthimes I forget , for God and Country.

>>17364641
People with good character can be mutually beneficial long term. It's relevant.

>>17364697
I wish that code of ethics went all the way to the top

>>17359414
>median house price 1970: $23,600
>median income 1970: $9,870
>A house cost ~2.39X yearly income

>median house price 2019: $315,000
>median income 2019: $63,030.00
>A house cost ~5X yearly income

I would say a house cost 10x yearly income in most places if not 15 , maybe 5x in a semi rural area.

As for wha'ts happening here it is:

https://wtfhappenedin1971.com/

>>17364480
Everything with low supply is a good investment in a post gold standard era.
Boomers that invested in housing won every year and multiplied their income.
Ironic this caused low fertility due to high cost of starting a family and now the market will fix it by force.
Gif related.

>>17359414
People like to have houses. There is only limited land. World population is growing, thus property prices go through the fucking roof. It's not rocket science, anon.

>>17365738
Ya only people buy lands & properties ofc.
not banks, not companies, not hedge funds...
Fucking moron go back to plebbit.

>>17365768
Most REITs are commercial real estate, not residential. If you want to blame anyone, blame the new Chinese upper middle class for speculating on western property.

>>17359414
100k haha all houses in the UK start at half a mill

>>17364733
It just might. Keep watch.

>>17359414
>As far as I can tell, incomes just keep going down
get good lmao

>>17364016
/biz has always been based. Doesn’t matter what board it is, if there can be a serious discussion to bash Jews everyone takes part

>>17364306
Yes time does appear to be the most precious commodity. It's man's scarcest resource until Jesus comes back. Explains why some people are trading their children's futures for short term gain. They think this is all there is.

>>17365781
stfu moron. There's no difference in assets between people & corps, only difference are regulations and laws.
Why do you think some banks are buying thousand of homes? To house their employees?

>>17359414
>the price of houses (and other shit, cars, etc) just CONTINUES going UP.
it's not true though, a lot of houses lose value

>>17365837
not only uk houses are expensive but they are 3rd-world tier with no insulation

>>17365837
My friend bought a two bedroom house in Yorkshire for 60k.
UK exists outside of L O N D O N

>>17359414
commodity goods sell at prices relative to money supply (and thus cost to produce/mine/transport/etc) not consumer earnings

>>17359414
Honestly considering all the brown people imported and population growth experienced, that's not as bad as I thought.

Plus rates are at historic lows. If you're not living in something you bought you deserve rape.