/biz/ - Business & Finance

>tfw bought a house in December

I'm so pissed

ahh yess. first the OIL, now the REAL ESTATE, post more anon

>>18588444
shoulda been more prepared for a global pandemic lmaooooooooo

>>18588508
Mercury dime double footjobs from a formerly well to do house wife and her questionably aged daughter will be a reality this year.

>>18588444
so i should wait a few months for prices to drop, right?
getting antsy

>>18588444
ALLY indicated in their earnings that so far 25% of their auto loan clients have requested deferred payments or other assistance.

>>18588444

>No one is buying
>Massive unemployment
>Brick and mortar retail and small businesses are going bankrupt.
>1/3 of rent is not being paid
>No one is using airbnb
>Flippers are sitting on empty properties.
>There are more than nine million second homes in the U.S. that may or may not be financially viable given the depth of the current recession.
>About eight million landlords who own between one and 10 properties accounting for half the nation’s rental properties. Financial duress will come swiftly for those carrying multiple mortgages.
>As many as 30% of Americans with home loans, or some 15 million households, could default if the nation’s economy remains closed up through the summer.
>Illigal immigration has been halted from the virus.
>Interest rates are already near 0 and can't really go much lower.
>JPMorgan has bumped its loan requirements to 20% down and 700 credit score.
>The jumbo mortgage market is disappearing.
>list prices are already down 6% in april

>>18588980

25% also have no plans of paying he car loan and just letting Ally take it/repossess

>>18589071
bullish I'm looking to save up and buy a house in a few years

LET THE BODIES HIT THE FLOOR

>>18589071
Why is the system built so heavily on speculation?

It's like every 10 years the gamblers fuck up the game, every one suffers, and the government gives them free money to start gambling again.

>>18589071
My Zillow app is a shitshow, new listings and constant price drops all day. Some really nice homes in the middle of nowhere going for 700-800k but were going for 1.2-3m a few months back.

>>18589214
fucking beautiful

also based

>>18588444
>nearly $1 trillion

They're being optimistic, conservative or whatever.

>>18589195
Somehow it's legal for primary dealers to let hedge funds lever 15-20x

>>18589214
god please be true
i wanna watch it all burn

>>18588846
>footfags
napalm yourself

>>18588980
>ALLY indicated in their earnings that so far 25% of their auto loan clients have requested deferred payments or other assistance

The other 75% don't know they can call and request a deferment, they just plan on not paying.

>>18589071
also forgetting
>1 trillion dollars in student loan debt among ages 25-35

>>18588444
jerome and munichin wont let it happen

>>18589071

you know what I say? Fuck em. Fuck all these greedy property owners sitting on houses, while the average American family cant get jackshit but a 30 year slavery debt (mortgage) for some overpriced hunk of shit. Never before in recorded human history have so many gotten so rich doing so little, that "so little" would merely be buying a piece of land then inflating the shit out of the value for years through a coerced marketing campaign and advocating the local, state, and federal governments into trillions of dollars worth of free subsidies to encourage "home ownership" (really just to inflate the value of their piece of shit property).

My small little town has been devastated by these greedy fuck speculators and realtors who brag about the closing price. Not one house sold in the past 5 years has been to a small family. EVERY SINGLE ONE has been sold to an "investor" to build condos/renovate. Some of these houses are remarkably beautiful - no matter, they were gutted all the same to make room for more overpriced shit. Massive, mostly empty apartment buildings have also sprung up, charging obscene rates for soulless living arrangements. They don't DARE lower the price on the apartments, because if they did the overall value of their other properties would decrease. So they lie and manipulate to make it look occupied. If you ever walk in a small town and wonder "hmm, where have all the families gone?" They were pushed out by greedy fucking RE developers and "investors," trying to starve the American people so they can make another dollar doing NOTHING.

fuck them. This is what they get for being greedy fucks and forcing the modern American family to be forever indebted to a bank just to afford a 1br hunk of shit. They hogged up all the properties, refusing to sell and let other people live because "the housing market will go up!!!" tough shit. Now that it isn't going up they want another subsidy. They will probably get it too

>>18589195
Because fiat keeps getting infinitely printed so we are all in a race to make dem infinite gainz on a planet where resources are finite and streched because theres almost 8,000,000,000,000 people living on it.

>>18589195
>Why is the system built so heavily on speculation?

Because when times are good and you're the first one diving into speculatory bullshit then you make a shit ton of money and everyone sees you and hates you, but no one is stopping you so they might as well take part too. Eventually you're flying along and shit doesn't fall apart overnight so you learn to like it. The crash you know should come doesn't, they're able to print money and pull some psychological bullshit to get the masses back in line, but in the back of your mind you know it can't last forever and when it all comes crashing down it will crash hard.

Fucking Jews, man. Jews and the people who adopted the Jew mindset led us here.

>>18589252
Based and Vietnam pilled

>>18589345
BASED

>>18589345
basao rojopillao, this system is stinky!!!

>>18589345
Based and don't pay your debts pilled

>>18589345

Been waiting for this shit for 15 years. I knew it would happen in my lifetime. Told friends and family that it would, they said it would be long after we died, but I knew it had to happen to us. The large population, the rapid pollution and deforestation, the acceleration of money-printing and speculation. I didn't put my life on hold or live in fear. I bought a house and had kids, but here it is. Just as I feared. Knowing what's ahead I almost wish I didn't have kids. I love them. I don't want them to experience this event as mere babes.

>>18588456
I closed February 1. I feel ya man

>>18589350
this desu

>>18589455
every generation goes through hardships, that's life

>>18589252
The ironic thing is that later this year I will be able to napalm you while getting a footjob for a single Kennedy half dollar

>>18589656
I have enough kennedys to have you deleted, bitch. They really are the best silver coin to collect.

As i seen, everyone is trying to buy real estate, so maybe you wont get that FREE REALSTATE you want

>>18589345
Based I was walking though Portland at night 2 years ago and in the newly constructed high rises there would only be 1 or 2 lights on. The rest of the units were owned by rich foreigners parking their money in the american real estate market

I have no faith in real estate going down. People have turned American life into a big casino. Everything people need is fucked with and speculated and inflated and gambled and manipulated. Nothing is really worth what it is.

Not in NH where I live, housing market is crazy.

>>18589515
Client of ours closed March 21. They've invisibility GUH'd themselves.

>>18588456
>>18589515

People have said real estate has been in a bubble for a while. And the stock market has been propped by the Feds via repo operations since September. You boys weren't paying attention.

>>18589828
If we had a gold standard then determining asset prices would be much simpler because the value of money wouldn't constantly be fucked with. Imagine trying to build a house and the length of one metre keeps changing every day, the house ends up fucked because you can't accurately judge the length of what you're trying to build.

>>18589871
pretty good analogy anon

>>18589757
DEPORT ALL FOREIGNERS
REPOSSESS ALL THEIR US ASSETS

>>18589871
I'm 100% in Gold right now but what a lot of gold standard people fail to understand is that gold is also susceptible to artificial price manipulation.

>>18589345
Fucking based, let these boomers living off rental properties as sole income burn. These fucks believe they are entitled to a return on their investment. Guess what? They’re not.

>>18589938
Haha you are homeless

>>18589757
THEY RUINED PORTLAND.
Whole block of delicious food carts there for 20 years? GONE. replaced by $1900 """"luxury"""" studio apartments, that nobody on earth wants OR can afford.
Entire Pearl District? Replaced by $2500 one bedroom apartments NOBODY LIVES IN.
Cool restaurant? GONE. Replaced by a Chipotle when commercial real estate rent decided to quadruple over night.
Any apartment along the transit lines? GONE. Nice historic building replaced with a glass cube with FUCKIGN CONCRETE FLOORS. WHO WANTS AN APARTMENT WITH A CONCRETE FLOOR. ITS NOT A FUCKIGN GARAGE!!!!

ALL BECAUSE OF SOME CHINKS WITH SOME "VISION" FOR THE DEVELOPMENT OF THE CITY THAT WAS WAY COOLER TO BEGIN WITH. FUCK CHINA. FUUUUUUCK CHINA. GLASS THEM NOW.

>>18589276
The accelerationist in me wishes they hadn't frozen payments and interest

>>18588444
1 trillion is like nothing

>>18589992
They did the same thing to Sydney, now there are entire towers of apartments called 'ghost towers' by the locals nobody is living in and killed the city.

>>18589992
They did the same thing Venice California and large swathes of LA. Fuck I'm only 28 and the city is so much more bland than it used to be. I hate all of this gay ass 'luxury' housing built in the last ten years.

>>18589900
If you hold gold and dont understand its manipulated right to fuck you're a god damn dumbass

>>18589992
And Seattle, and LA, and Denver and every city in this country. Every city in this country is the same sterile bullshit. Same buildings, same owners.

Except New Orleans.

>>18590012
What was the mortgage debt when the GFC happened in 08?

>>18590049
THERE'S NOTHING LEFT OF WHAT WAS ONCE PORTLAND. QUEERS CAME AND MADE A STUPID SHOW ABOUT THE CITY, CHINKS SAW IT AND DECIDED TO BUY IT ALL AND DESTROY IT, AND CALIFORNIANS CAME AND PAID THE CHINKS RENT TO KEEP DOING IT. GLASS ALL OF THE ABOVE. GLASS THEM.

>>18590116
total mortgage debt was $10-14 trillion I think with delinquencies reaching 25%. And that's in 2008 dollars

>>18590116
1.4 trillion default

>>18588444
This falls in line with a bill introduced friday. Essentially landlords will be given lines of credit but they have to sign a 5 year contract where if they would sell the property the Govt. gets right of first refusal on the property.

>>18589455
It's ok man, we'll pull through. At best we'll all just be underwater on our houses. At worst, we'll be pic related. I hope you planted that garden!

>>18590157
Oh, 1 trillion is nothing compared to that then. Are we still doing CDO's but with a different name? Also, this time we have other loan bubbles (student, auto, credit cards) along with unemployment the likes we have never seen in the modern era. Won't these factors make housing prices plunge?

>>18590213
Last I knew millions of auto loans were over 90 days due, and this was months ago when I heard this.

>>18588456
>>18589515
>>18589864
unless you overpaid, you made the right call by buying now.

>>18589992
>>18590124
Fuck portland
S

>>18589992
Exactly this is happening in Toronto as well, down to the glass condo towers with concrete floors that bill themselves as luxury but are quite literally falling apart as soon as they're finished.

>>18588444
Priced in.

>>18590213
No we're still doing CDOs and synthetic CDOs, the name didn't change

I am debtless and have a small amount of extra cash.
Is cash good during a depression?

>>18589345

Agreed. Been doing nothing but saving $ for the last 5 years waiting for this house of cards to crash.

>>18589071
>>>JPMorgan has bumped its loan requirements to 20% down and 700 credit score.

My score is 760 have 30k in cash and i can add about 10k more every year while things are good. . Will be looking for some real good deals at 100k eventually.. i hope..

>>18590788
Every dollar in value down means more competition from national scale detached housing rental you will face.
Everyone you hear about complaining that they were outbid on their dream home by Californians paying 110% list price in cash was actually outbid by big, big companies.
You are actively being priced out of ever owning property. Don't say nobody told ya.

>>18589195
>Why is the system built so heavily on speculation?
Inflationary currency. If you do the safe thing and save money you are punished by slowly losing it over time. So unless you take risks and speculate you get fucked over.

This is by design, by the way. I mean, if we didn't print money, then people would sit on their money and save it. Imagine how terrible that would be!

>>18589195
I honestly wonder how long this financing cycle can go on for, especially with every crash siphoning more and more money from the 99% up top and wages continue to stagnate. How long before the economy of selling people shit they don't actually need stops working because they can't afford it? We need a debt jubilee soon, or else what is the endgame?
>>18589345
And to add to that almost all new apartments and condos being built now are 'luxury.' Fucking no one builds low income housing anymore, which is one of the biggest reasons in Miami, Seattle, LA, etc you have giant ass slum neighborhoods *everywhere* while all these new developments are vacant most of the time. Anyone with a brain realizes California needs low income highrises for all these people, how do you think so many people live in Japan? But California NIMBYs absolutely dominate zoning and development and won't allow it cause they make moneh off their inefficent single occupany homes and disgusting highrises would drive property values down. It's downright parasitic and the Cali Democrats are so corrupt they can't possibly do anything about it other than try and act as woke as possible instead of taking on these greedy fucks and actually develop some dam housing.

>>18588456

If there is hyperinflation you will be thankful you did..

>>18588444

>Year 2020
>GPS and bluetooth doesn't come standard in cars.


GOOD

>>18588456
at least you're not a virgin

>>18589071
Good.

>>18590340
>buying the top
>right call
What did he mean by this?

capitalism-imperialism is the reason all this is happening. you can say Jews and they are many of the current people sitting on top ruling over us and using this system as their mechanism to suppress working class serfs. This system must be overthrown and ruling class guillotined. Then we seize and redistribute all this luxury housing

>>18590124

>>18592104
Communism isn't the solution. Nor is socialism. They are failed ideologies that haven't died because people are fucking stupid.

>>18589871
Why can't we pull a page out of Rick and Morty and make $1 worth $1?

>>18590198
Why does the govt want to pay asking price? Am I missing something?

>>18589900
If I'm not mistaken doesn't the Gold Standard also functionally limit the US Economy and the value of the dollar to the amount of Gold the Federal Government has, thereby stunting economic growth?

>>18589071
i hope housing will go down in the netherlands

>>18588456
How is it possible for people to be this stupid? What the fuck were you thinking?

>>18592588
You are mistaken

>>18589195
Interest rates are extremely low, so debt is cheap and you're behind the curve if you're not levered up to your eyeballs. Then you just cross your fingers and hope nothing bad happens.

>>18592829
t. ancap

>>18589345
Dangerously based and redpilled.

brainlet here. when will we hit the bottom

>>18592104
AnCaps predicted this too, so who's correct?

The irony: chinks turning american luxury into concrete floors and glass windows. They were sending us a message.

>>18589071
>Illegal immigration halted
Ethnically bullish

>>18589938
This is probably the most pathetic and absurd thing about these “investors”, people are so far detached from reality that the most basic concept of risk doesn’t even exist to these people anymore. When you can’t even engage with these morons on the idea that their “investment” carries certain risk they just can’t comprehend it. For them real estate literally only goes up. The problem is the entire system is in on the scam so I’m confident that governments and banks will do whatever they can to make sure the numbers for real estate don’t drop.

Priced in.

>>18589071
Priced in.

>>18591622
If.

>>18591622
what is floating interest

being europoor i feel like euribor would fuck me hard

>bought last summer
>usually pay over double my payment per month to own it faster
>can reduce to normal payment of $674 if an emergency happens
Glad I bought before hyperinflation desu

>>18588846
Not only is this not going to happen but you should literally be gassed for fantasizing about this kind of shit, fucking sicko heeb

>>18589357
Not just that but because our economy is inherently competitive you actually start losing by not being into speculation as your buying power goes down and companies appeal to the ultra rich more and more.

>>18589071
>Illigal immigration has been halted from the virus.
Trump's checkmate in 64 dimensional chess right here.

>>18589345
There’s this boomer AM radio station I listen to and a few months ago they gave an hour slot in the middle of the day to this guy as basically a big infomercial for his little club of real estate investors. Boomers call in and talk about their rental properties and their always talking about making the jump to apartment complexes. Lmao they’re all gonna be in deep shit real soon.

I’m a real estate investor in Los Angeles.
Every old shitty neighborhood has gotten nice and no longer affordable to its inhibitors. I’ve been working San Gabriel valley but these chinks thin they are special and very entitled . I’m gonna neck myself if I gotta work with chinks for the next 3 months. It’s such a bad look these days.

Not much left here to “develop “ too.
Where the next hot spot so cal biz bro’s

>>18594554
I've been hearing Oceanside was the next hotness for the past 3 or 4 years, but I've managed to convince my family to stay out of it. They were about to invest in a mall in that area off the 15.
>t. (island) chink

P.S. I don't have any traditional rope, but I have 25' extension cords on hand

>>18589350
He's right you know. The problem with Corono is that it doesn't kill enough people and only causes economic damage.
Standard of living in the west would increase massively if china and india depopulated by 80%

>>18594389
People say gold and silver are boomer rocks but the truth is none of the boomers own any. The true boomer rock is real estate and they are all indebted up to their eye balls with dreams of being savvy land lords

>>18590213
They are calling them CLO's now and include non-mortgage debt such as credit cards. It is more diverse so its safe you see.

>>18589345
B a s e d

>>18590157
Source on this out of your ass figure

>>18594617
>(island) chink
At least you're a human being, then

>>18588444
I almost feel like I should just stop paying my mortgage eventhough I can. Everybody is doing it

>>18592104
Socialism simply does not work if you're nation is not homogeneous and neighbors do not trust one another. Diversity prevents successful socialism.

>>18589345
>Fuck all these greedy property owners sitting on houses
Stopped reading there

>>18593741
Stupid question but I have never owned a house. Do you just send a check for 2x your monthly mortgage and they automatically use it on the principal? Do you have to specify this? Is there a penalty for paying off a mortgage early?

>>18593692
when rates are this low, always pick fixed

>>18595121
I pay via the chase app, and basically have it set up to automatically withdraw from my account once per month. Within the payment section, they have a check box that says “pay additional to principal” in which you can enter however much you want to pay extra. There is no penalty to paying your mortgage off early, and you’ll probably save tens to hundreds of thousands (depending on your loan amount) on interest.

>>18589350
The "resources are finite" meme needs to die. Yes it's ultimately true over a millions of year perspective, but meaningless in implying that we don't have enough resources. Humanity utilize a tiny fraction of a percentage of the total solar, nuclear and geological energy available on the earth. The only thing limiting is available technology, and if your politicians allow you to use the relevant technology.

tl;dr we could run a thousand times our current industrial output with no new technology, or some new technology if we continue to ban nuclear power

>>18589195
https://youtu.be/PHe0bXAIuk0

Almost as if credit makes your expenditure greater than your income and then your outgoings higher than your incomings

>>18591861
enough people are dependent overleveraged retards now that they can pass communism and our money is going to be toilet paper. the only winning move is to convert your wealth to crypto and gold and leave the country. you wont be able to buy a house cheaper, but the country is also going to be worse than a brazilian favela in 5-10 years

>>18588456
>he actually wanted to stay in cash during a global economic collapse
Sad

>>18588456
You overpaid, say if you bought a house for 250k right now, that same house is going to be worth 100-120k. I bought a house in 2010 after the crash and that's how much I bought my house for, Now it's work over 280k because it's 3bed2ba on an acre of land, with the backyard being half of that acre.

>>18590340
>unless you overpaid, you made the right call by buying now.
whatever the prices will be after the collapse, he definetly didn't make the "right call" lol wtf. This is literally one of the worst times to buy anything right now.

>>18596728
>This is literally one of the worst times to buy anything right now.
and when I mean anything, I'm referring to stocks, properties and bonds. Right now everyone should either be in crypto, gold, silver or you will lose money

>>18596751
>crypto
Lmao
>gold, silver
Real smart, buy that shit while it's expensive and you'll sell it later when it's cheap. And don't forget that you lose about 15% on the spot. That is if you country doesn't also tax physical metals, in which case you're losing even more

right now everyone thinks this is a holiday because they're sitting at home consuming
wait until a couple of banks go under and all their savings vanish
not like oh no my imaginary stock money went down but your online savings account that you use to pay for food and shit
that is when the full mind raping grandeur of how really and totally fucked we are will set in and the apocalyptic violence will begin

>>18596784
>crypto
Only the ones that count, and there's two
>gold, silver
It will be worth more in the future, especially after everything is crashed, you cannot lose last recession I made a bunch of money off gold even though I did buy at a premium, so your point is invalid. Granted I had kilo bars.

>>18592588
yes, when your currency is tied to a finite value you tend to not be able to spend money you don't have

>>18589195
It's an intentional harvest cycle.

>>18589864
>say real estate is a bubble for half a decade
>keep saying it til depression finally happens
>wow wat an idiot
In all seriousness, so long as you didn't vastly overpay on the house this is just a nice time to refinance.

>>18588444
>mfw my good credit will suddenly look like very good credit

>>18596728
>You overpaid, say if you bought a house for 250k right now, that same house is going to be worth 100-120k. I bought a house in 2010 after the crash and that's how much I bought my house for, Now it's work over 280k because it's 3bed2ba on an acre of land, with the backyard being half of that acre.
You realize it's entirely market dependent as to how much equity someone gains or loses right? Your property value won't vary as much as a townhouse in SoHo. Blanket saying someone lost money when the real-estate market hasn't even begun to collapse yet because there's no comps in most markets to indicate property value loss because there's been no sales. We can only know what the market looks like post-quarantine.

I'm hoping to bang some normie 18 year old for $50 so she can afford food

>>18595480
Only if you pay off very quickly. Amortized loans front load the vast majority of the interest payments in the first 10 years, the tail end of the mortgage is mostly principle. If you pay off or refinance within the first 3-5 years you are saving real money on intrest, otherwise not so much. If you think there is going to be serious inflation, its far better to stretch the loan out as long as possible, as that allows you to make your future principle payments in future worthless monopoly money instead of real dollars today.

>>18597168
>refinance 700K city or suburban home that is set to be worth 350K
>neighborhood gets bought out and turned into section 8 housing rentals
>will never see a return
>"at least you refinanced, bro!"

>>18597323
Will never happen unless you're dealing with a druggie or we are in a full blown apocalyptic scenario where the grid gets knocked down. For the forseeable future, it makes infinitely more sense for normie chicks to go the ethot route instead of actually having sex for money. More clients, more profit, less work, no inherent danger and need for a pimp, etc.

This was going to happen even without Corona fucking things up.
Everyone is absolutely saturated with debt and can't cope with it.
We're going to see some real fireworks once rates start going up. Already at record low rates delinquencies were hitting record highs among with personal debt.
Real estate will plunge 50-70% at the end of this slow moving shitstorm and it's going to kill off every boomer who has refinanced their shit. It's going to be a tsunami of auctioned homes for peanuts and it's going to be glorious.

>>18597527
>look at all that chipboard, honey!
>wow! we haven't even finished building the house yet, but I'm already getting wet at the thought of selling at a profit and moving into an upgraded chipboard shack!

>>18598700
I'm thinking q4 2020 going into 2021 after the election period is when real estate gets hit.

Now is a good time still to lock in a 30yr mortgage at a fixed rate since its at an all time low if you can find a cheap home.

>>18598838
Real estate drop will be a very slow one. Takes a while for it to start and might take even 3 or 4 years for things to really bottom.
And yeah it's a very good time to lock in the rates if you manage to find a good place. Once rates start going up there's no stopping that train and we won't see these kinds of low rates for ages to come.

>>18592588
>N-n-n-nNOOOO
>NoT MUH HECKIN' GROWTH FOR THE SAKE OF GROWTHERINOS!!!!

>>18598757
It will be really interesting to see the condition of these houses in 40 years. Stuff in wealthy neighborhoods will be properly maintained, but i expect that in less well to do developments, it will take only a matter of a few short years of no maintenance or abandonment for those houses to deteriorate beyond salvation. Ive rehabbed a couple old victorians that where absolutely trashed far beyond that, yet were still recoverable because they built shit with stone and brick and massive lumber back in the day.

>>18592588
gold standard is shit. You have to literally use gold coins or the government will just lie and cheat

>>18599152
Back in 2010 a few friends moved into a pretty big apartment development that had been thrown up within the last 2 years (college town). The foudations were already shifting and some doors wouldn't close properly. I can only imagine the state of the place now.

>>18588456
It has been /biz/ knowledge for a while that buying a house within the last two years was buying high. Looks like you bagholding now son.

>>18589071
Awww yeah, time to get me a mcmansion

>>18592104
>karl marx

SHUT THE FUCK UP BRAINLET

if you consider the value of any property not in terms of dollars but in terms of gold, you'll know if you're getting a good deal and learn to spot the actual real estate boom & bust cycles.

>>18596811
Fdic retard

>>18597202
does this mean my shitty credit will go up higher as I pay bills?

>>18598599
>as long as you didn't vastly overpay
Dumb frogposter

>>18591589
fuck low income housing, how about just not retarded income housing? low income means gibs to blacks and mex. Seal up the border and stop driving wages down with cheap illegal labor that only profits elite class by fucking everyone else over. Zomg get a stem degree, oh ya? Anyone ever worked at an IT company, its filled with HB1 visa tards which were in theory supposed to just be for jobs of highly qualified foreigners that americans weren't qualified for. Ya thats a huge fucking joke and they left a huge loop hole. They make a job post claim it cant be filled because they post ridiculous requirements they know pajeet is lying about creds. Americans that happen to be hispanic dont want this either if they arent complete idiots. Mexicans are just strangers to them and they drive down their wages too. My step brother gets it, but gets caught up in the "racism" omg alt right murdering mexicans at a walmart. They use this shit tier tribalism as a distraction while they continue to flood the market with single moms, and illegals.

>>18600122
there is about 2 bil in the FDIC insurance fund

...covering 10 trillion in liabilities

>>18589345
>fuck them. This is what they get for being greedy fucks and forcing the modern American family to be forever indebted to a bank just to afford a 1br hunk of shit
the problem anon is all those are going to be fine if a collapse happen, sure they won't make more money but they already loaded in cash and properties, the one who suffers are the poors

>>18594716
underrated.

>>18596614
this anon gets it. nothing is even CLOSE to as energy dense as atomic fission or fusion.

Was just about to put in an offer on a house in MD. Should I just hodl for another couple months?

It's a VA loan but my agent still keeps saying how homes are going to dry up. This is all so tiring.

>>18601979
Hold for the next year, preferably after the holidays. If you're on a time crunch because AD you have my condolences.

>>18589345
OH CAPTAIN, MY CAPTAIN

>>18588456
Trying to buy as we speak, just waiting on the appraisal and setting a date to close the deal hopefully some to me in May.

>>18588456
at least you get to enjoy your hous while on lockdown

>>18588456
fpbp

>>18588938
Prices are correlated with credit availability. Banks aren’t in the habit of giving out mortgages as the real estate market is collapsing and they’re accruing defaults

>>18589900
(((((((spot))))))) price does not fucking matter. Wait until people in the manipulated gold/silver ETFs or future contracts try to actually take physical delivery lol

The "custodian" for the GLD is fucking HSBC. The "custodian" and primary authorized dealer for the SLV is JP Morgan. Do the math

>>18602936
What gold people fail to understand is that they are suckers because they’re not holding on to wealth, when the time comes to cash out who you sell to is the smartest person in the world and you may have 10000 bucks in gold he’s only giving you 500 bucks

>>18589214
California?

>>18593882
You have to go back.

>>18588444
I fap to this, I have my cash and my BTC ready to buy when the housing market burns to ashes

>>18590072
Seattle checking in. Can confirm.

>>18603095
>selling gold
I have enough ammo and food to last decades. Ill trade gold/silver for services at my leisure. I think ill take a group blowjob from your wife, mother, daughter, and sister

>>18588456
Could be worse. My girlfriend's mom officially sold and moved out of her house on March 9th, right before business closings and lockdowns started. The guy who bought was trying to flip it, so I can't imagine the pressure he's under right now.

>>18603095
What dumbfuck zoomers fail to understand is that the real way to play things is to just swap your gold / silver / other pms back and forth every decade or so as the ratios swing up and down. Compound your ounces without dealing in fiat at all

>>18595185
thing is in eastern europe no one really gives average person a fixed interest mortgage.

Guys I need to refinance to remove PMA, do I lock in now or wait for lower rates potentially?

>>18602143
Nah I'm a reservist chilling with a 93k job not counting gi bill and 80% Disability. Still single and I'm just trying to find the best way to work my shekels in this crisis.

>>18599573
I know of people with same experience.
>College town, USA
>Dick and Jane buy new apartment
>glass, stainless steel, and other yuppies as neighbors
>3 months in
>mold, mold everywhere. its in the vents, walls, window frames
>water must be leaking somewhere, but nobody knows where
>better get a few dehumidifiers

>>18603771
Still doesn't really matter with hyperinflation. Even if they increased your interest to 2000% it wouldn't make a difference if people are paying for things with 100 trillion dollar bills.

>>18589195
If it didn’t work like this the world would return to how it was before this madness, where growth that didn’t come from war was slow if not entirely stagnant

>>18590124

>>18603970
Interest rates are only going down even if everyone goes back to work tomorrow, which isn't happening. The answer to your question is talk to your broker/adviser and see what they say. If your rate isn't dropping by more than a full point it's probably not worth it unless you need that $100ish to $200ish for your budget, at which point your fucked anyway and need to cut expenses.

>>18590009
That only applied to student loans owed to the government, of course they didn't stop payments to the kiked private debt lenders who still "need" our money.

existing home sales were up according to the report released today. everyone here is stupid.

>>18604600
The real crash wont start to happen for another 5 months, guy.

>>18604600
Are you denying the bubble?

>>18590124
Go ahead and move away then fuckface. I don't want you near my town.

>>18588456

>>18603980
High IQ then. Well notice how housing prices take a while to feel the effects of a recession, similar to how it can take upwards of a year for the average joe to really feel the effects of economic contraction. Be patient and wait for a bottom because even if you miss it, things wont spike overnight, without fed funny money that is but even then there are signs.
Don't be the redditor who is eager to buy the dip and blows is load before he's even got his dick in.

>>18603425
>pms hold no real value when the time comes to trade them back into cash
>real way to play things is to just trade your pms every ten years despite the fact youll lose money
nigger what?

>>18604600
housing market moves really slow my dude

>>18588456
Get fucked

>>18602633
That looks comfy. I love small bedrooms

>>18596721
>he wants to baghold all the way down
Stay biz

>>18589195
its an inherent property of the economy, it's a game with many players and it's size and complexity make it impossible for any player to do anything but speculate