/biz/ - Business & Finance

>>18418389
because nobody can think and extrapolate 6 months into the future. few people you know can imagine, much less understand, the chain of cause and effect beyond two or three discrete events. the blackpill here is that the more aware you become, the more unrelatable you will be in your awareness

>>18418389

because most people won't be going back to work because we are going to be in a multi year depression

>>18418389
You realize when the value of the dollar goes up, people spend less, therefore resulting in money being stagnant in banks, resulting in businesses not getting their hands on your money
It’s called deflation, and it can be just as bad as inflation

>>18418416
This blackpill is real. Don't take it unless you are willing to truly apprehend clown world.

she really looks like shit

>>18418429
Those aren't people anymore

>>18418389

I am looking forward to buying my first home.

Thank God our government is so incompetent it decided a rent moratorium without a mortgage moratorium was a good idea.

Soooooo many land lord are overleveraged and rely on rent to make mortgages. This is going to lead to a ridiculous amount of property flooding the market and dumping the price into oblivion.

I'm stoked my generation almost gave up on home ownership.

>>18418389
>Deflation good

>>18418389
Lol your on the verge of war with China. You lost Vietnam because of Chinese involvement and with the country being split in two between left and right and the optics of white people starting another war it dosent look good mate. Live it up. If usa puts up with the take over, you've been infiltrated hard af. Good luck

Because it will be temporarily, really temporarily. Once you get your job back is the same time everyone else gets their job back and prices will soar up again. The only people that win here are those with plenty of cash on hand to buy cheap assets.

Aka, Bernie is right again. Rich getting richer, the poor are staying the same or getting worse off.

>>18418640
>war with China
I hope all these retards saying we should hold China responsible for Coronavirus don't drag us into another fucking domestic war because we've gone to war over dumber shit

>>18418687
*foreign war
Not domestic

>>18418615
Those homes better drop substantially for it to become affordable. A mere 10% or 20% drop is nothing. That just means homes became slightly less overpriced.

anyone else here financially responsible and rubbing their hands over this entire mess?
Im pretty much all in cash and I have a stable income that should be fairly recession proof. should be a great time to snap up some deals. Im looking at buying a used car and private selelrs are already offering "corona discounts" they just want to get rid off their crap. cant wait until housing collapses I might get into RE as well.

>>18418687
As an Australian i really hope you kick the chinks arse. They buy our farm properties and become hostile landowners. Its a travesty, they are getting more aggressive by the hour.

>>18418695

1/3 of America did not pay their rent this month. That doesn't even count corporate sector.

Its going to be worse next month. :)

Assume at least 80% of rental properties will flood the market in foreclosure next year

>>18418785
This. I can't wait to pick up some cheap investments in a few months. Looking at real estate.

>>18418389
Gas is cheap now therefore gas will cheap always.

I honestly hope you're like 4. Because you're definitely 4 intellectually.

>Deflation
Deflation already happened. About $750 billion stimulus dollars, as of this week, is going straight into people's hands as unemployment checks or Trump bucks.
>but velocity is low cuz corona
Don't underestimate the American consoomer. Everyone will buy buy buy. Stock market is going up because people have cash to buy now. Also all it will take is media hype about a vaccine or #curveflattened
>people will use the money to pay their debts and equalize the money supply.
Fuck no. People's debts are being forgiven. Rent waived, mortgages waived, loans defaulted on because no consequences. Defaulting cannot directly reduce the money supply, therefore inflation.

>>18418389
>Boomers

>>18418785
>>18418887
It'll be at least six months but probably more like a year before the real estate market crashes hard. The early "deals" are going to be banks foreclosing on retards who are financially destroyed by one month of income loss. Banks aren't going to drop the prices until the market starts getting completely flooded. They'll lower prices 5k at a time, then 10k, and eventually that 400k 1,300 sq ft 3br 2ba will be 240k like it should always have been. Don't settled for something stupid like a 5% drop.

>>18419088
I got all the time in the world fren Im just sitting here comfy and keep stacking cash waiting for Shit to hit the fan
im gonna take a look at some used cars in the next week though and I will lowball the fuck out of these desperate sellers. gotta love a buyers market

>>18418816
The way the go to the supermarkets, clean the shelves and ship it to China is fucking disgusting. Scomo’s got no fucking balls

>>18418687
yeah, fuck the CCP. I'll sell all of my shit and move to Taiwan and do what I can to help them fight. Just live on the beach with a dragunov, waiting for the fucking menace to come

>>18419277

>>18419196
free market doesn't work huh?

>>18418816
I live you Australia bros but war with China is a death sentence for both of our countries if not the whole world. My guess is at most we'll use protectionism against China and Trump might ask other countries to do the same. That is assuming that talk of holding China responsible is not just all bark and no bite.

it works . Their version of it does not. Why do you think that all bug people dream of is getting their kids into schools in the west, buying real estate here, to gain a foothold away from the all-seeing Eye of Sauron?

>>18419320
>>18419301
at you

>>18418389
Because this entire country is leveraged to their fucking eyeballs with no money in the bank while driving a 75k ram diesel power wagon and they need a garage big enough to park it in. Well, the garage and the rest of the house are gonna be worth 70 cents on the dollar soon and they’re unemployed! Lots of reasons to be scared in USA right now, and the endless consumerism is to blame. Feels good to be this woke. Items have little to no value to me. I can go 3 yrs with no work with what I have saved and it feels pretty good to dab on you poorfags even tho I only make median income level

>>18418816
thats cos we fkn let them. can't blame them for that. purely our fault.

>>18419320
You underestimate the scale of china. Those are only a very small portion of people. And a lot come from hongkong/taiwan

>>18419372
I understand very well the scale of the place. but it's a crumbling ghost shell of what it purports to be. You really think the world is going to accept a trustless society as it's new leaders? seriously...?

>>18419372
hello? rebuttal?

>>18418887
Why the fuck would you or anyone want to invest in real estate ever again when the government can just stick its huge dick up your ass like they're doing RIGHT NOW?

>>18418389
Cheap things are bad, goy. And dare I say it, anti-semitic

>>18419597
because, at least that way you are your own cuck, instead of being a cuck to a landlord. my mortgage is $780. I have renter who pays $500 per month happily, and another room available...

>>18418562
It's amazing how much more attractive white complexion really is. She looks infinitely better filter larping as an Iberian

>>18418389
Gonna need the original on this hoss it looks hilarious

>>18418679
I have $12,000 (CAD) in the bank and by the end of the summer will likely have just under $20,000 saved up. First year on the job doing clerical work at a law office. Am I gonna make it?

>>18418785
Kind of. See >>18420144

>>18420144
buy a house, and yeah

>>18418562
White/non-bug Asian >>>>>>>>>>> everything else

>>18418389
Because the majority of companies have massive debts and will go bankrupt without inflation

>>18418389
Exactly, as long as you aren't brainlet who works in the service industry or some other blue collar job you should be praying for a recession

>>18420163
What nationalities are non-bug Asian?

>>18418389
Once people get to work the prices all go back up. Real estate isn't going to crash the way people think it is. Maybe if you bought at the peak and are incredibly over leveraged and work as a bartender or something but most people who own homes aren't bartenders and are getting unemployment both at the state and federal levels + a $1200 stimulus. So basically this would have to go on for a very long time for some kind of unrecoverable crash to occur.

>>18419372
>Those are only a very small portion of people.


A small portion of 1.5 billion people is still a lot of people.