/biz/ - Business & Finance

>>18084754
Based

About to finally buy my first home after being withheld from Boomer exorbitant prices

Do you guys think something "gesara like" is real?

What else could the conclusion be, they are decimating all small business and savings.

The only other options are terrible and horrifying.

>>18084754
literally filed for a mortgage today, 75k, fixed rate for at least 15yrs and then variable for the last 15.
payment will be doable with a minimum wage job. my own place to ride out the shit storm that is about to happen and cheaper payment than rent.
>>18085138
if you don't buy now, you may have to wait a year or two

>>18084754
Debt base currency.
Fiat money can be printed in unlimited quantities. I'm not long on any American banks right now. But I did buy long dated calls on HSBC.

>>18085675
>variable for the last 15
Big yikes

>>18085716
>going long on Europe
Lol

>>18085750
I can't get a fixed rate for the entire loan because that isn't how the banks here work, they're not stupid I am lucky enough to have it for the first fifteen if they were smart they wouldn't even give me that. I will do my very best to pay it off within ten to fifteen years.

>>18085675
Why buy now? How can house prices increase if demand is falling? All brrrrrr memes aside the country is still facing huge unemployment spikes coming up.

>>18085716
>Print more money
>Houses go up in price
>People still unemployed

?

>>18085954
>>Print more money
>>Houses go up in price
>>People still unemployed

We are entering stagflation that will make the 1970's look like a fucking joke

>>18085954
real estate prices are not based on supply and demand alone, they are also based on the ability of people to have access to credit. During the 2008 economic recession and the European sovereign debt crisis banks were forced to tighten their lending requirements, on top of that banks are printing more money, the economy is going to shit, people will be unemployed, so prices will lower, but your ability to get credit will also be very low if any and you're left without being able to buy a home. So you wait a year or two, economy picking back up, suddenly all that money printing is coming home to roost, inflation will be a big problem,, housing prices will be going up a lot more than they have till now, and that is if there are any left to buy because someone with a lot of cash on hand may buy everything that becomes available.

I am not saying i am correct and this is the future, but it is a possible future based on past performances.

>>18086073
Credit availability is not detached from demand. Try again.

>>18084754
That actually won't be the initial catalyst for it, it will take a few months before people start dropping on their mortgages. I'd say 3-6 months before that wave starts.

The bigger problem right now is the people who own 10 properties and use them for airBNB.
These people are in tons of debt, leveraged like mad and require a constant cashflow to keep their business running.
They also require large numbers of short-term tourists.
It's extremely common in major cities, and these people will go absolute tits up.

>>18086122
where did I say it was?

>>18086073
I get this. There is a deflationary period followed by inflationary period. How long it lasts is the question. Know a guy that bought a house for 175k in 2011 and now it's worth over 400k.

>>18086179
This. All these over leveraged mortgage have to be either payed or propped up. I am really curious to see what happens during the next 3 months.