/biz/ - Business & Finance

Seems like 2008 was a test run, now will be round 2, with not just foreclosed houses getting snatched up, but assets from all classes going to those who have been stacking cash these past few years.

>The housing boom was merely the effect of lending subprime
Very similar to today's "GET YOUR LOW RATES NOW GOY!" commercial that normies seem to be falling for. FOMO panic that I witness is just wild

>>28827334

I've been saying this the past 6 months. Every single failed policy of the 90s is coming back. The subprime mortgages, the castration of credit reporting, the rampant outsourcing to China, as well as all the other policies I can't mention here because they aren't economic.

We'll even get to experience the media sucking off a silver haired sexual predator. Doesn't that sound totally tubular?

So realistically does this make it a good time to hold cash? Ive been looking at homes and you must offer 10-15percent OVER asking price to even have a chance. House get listed, you have 2 days to put your offer in, on the third day they chose the highest offer from 20-40offers. Its ridiculous.

>>28828516

To kikes, a house is an (((investment))). To a normal person, a house is a home. Things have gotten so bad with the housing market that I flat out have refused to participate. I don't rent. I don't own a home. I live in a van. When will you all realize that vandwelling is the only way out of this mess? Preferably on land that you own. It is cozy, especially with solar.

>>28829050

No, this is a time bomb. It mortgages the futures to benefit the present. Hopefully when it happens you can blame the opposing party for it.

They know better than to implement something that will have impact or blow up immediately. It's the same reason that they are hesitant to jam through the stimmies even though they have total control of federal government.

>>28829050
Consider the comparisons you have ITT to the 90s and 2008, and also see the Japan scenario (similar to contemporary US macro policies). If you bought in japan in 1991 your house would lose value for 20 years and still not break even after 30.

Can you give a rational case for why prices will continue to rise in the US?

When do we start shorting?

>>28829421
based vananon.

Will you show us your set up?

>>28827334
>>Communities of color are disproportionately impacted by the failures in our housing markets.

Just say blacks & mexicans

>>28829461
Not sure if this matters but in Glorious Nippon they like to tear down houses every generation and build new ones. Unlike America where we live in homes built in the 1800s.

Interesting read:
https://archive.is/ZeGdc

>>28829421

This was my plan as a high schooler some 15 years ago. Typical autist that had resigned to never getting married and finding most women insufferable. Then I found a good one and have stuck with her since 06.

It's just simply not an option for me and most others. The demands of women move the market. It's why Victoria's Secret didn't go under in 08, it's why diamonds are a thing, and it's why the cruise lines will never die.

>>28829467
Once the trend is confirmed. Please don't go broke trying to call tops.

You think the market is bad in America? Look at Australia. I have no idea how much longer they can keep propping it up, as long as the chinks keep coming in? Idk.

>>28829461

The exodus of California money to other states. Cheap debt allowing the California bag holders to double down on their shit investment. The unwillingness of local communities to reduce appraised values and therefore their property tax revenue.

Biden's policy also includes a straight up pump the the market. It's a promised 640 billion over 10 years. That means they don't expect the time bomb to explode until after that point. These policies never
build new supply and are always just cash subsidy scaled to local cost of living. This means blue urban areas get outsized benefit. Shouldn't surprise you if the leadership starts using guild funds to pay off their favorites.

>bought in fall
>getting paper hands for my own fugging house
In this buying frenzy i could probably move it without even needing another termite inspection, etc.
And the short term capital gains would even out against the appreciation

...i just don't know. The talk of inflationary spiral feels like the price could boom

>>28827334
People keep spouting off that we're transitioning to either fascism or socialism depending on which side you ask, and that's why everything is so fucked right now, but the real answer is that we're transitioning from capitalism back to feudalism. They will let the bubble ride until they're out of office, and then it will pop on the next guy, the global elite swoop up even more land, and the cuffs around the average persons hands gets tighter and tighter. I don't think it will be fully complete by the next decade or anything, but give it another 50 years with these cycles of boom and bust and it will.

>>28829896
Same in Canada. I knew things were fucked when I found out million dollar mortgages are common place for regular working people.

>>28829421
>It's just simply not an option for me and most others. The demands of women move the market. It's why Victoria's Secret didn't go under in 08, it's why diamonds are a thing, and it's why the cruise lines will never die.

Literally someone who fucking understands. Look here retards, as Dave Chappelle once said, men would live in a cardboard box if they could still fuck women in it. But women don't want men who live in cardboard houses. They want men with nice homes (or apartments if you're young).

Anyways, point is that like it or not, WOMEN dominate the way the market moves. Stop being incels. Get to know women and invest in any dumb fad they show interest in. You'll win every time.

>>28828516
>just wild
go back

>>28829658
That is an interesting read, thanks
>This approach can be explained variously by low-quality construction to quickly meet demand

hmmm, doesn't THAT sound familiar?

Also, with regards to the US, especially where I'm living, the value is 90% in the land itself. I otherwise can't explain pic related, or seeing similar listings for $700k+ in the middle of nowhere Wyoming, or in useless cringeworthy Maryland suburbs.

>>28829050
if the market crashes, your landlord isn't going to voluntarily lower rent. if you can get a decent feel for the market and lock into a suitable place, i don't see why you wouldn't. we're heading into who knows what, i'd rather know what it costs for the next few years at least.
>20-40 offers
how close to the city are you looking?

>>28829421
you can't raise a family in a van. i get the mindset, but checking out doesn't help either.

>>28830365

I still get IOIs while van dwelling. I'm in the southwest right now for the winter. I needed a package, so I opened up a UPS box at the UPS store and I'm currently seeing one of the female clerks. I'm from NY originally and she is from NJ. When she found out what I was doing, and I would only be in town temporarily, she said "that's cool" and kept going out of her way in the store every time I visited until I finally got the message and asked for her number.

Another time a van with 2 girls came up to me in the middle of the desert. The first time, I was taking a shower in my shower tent so they went away. The second time they walked up, I was in a Zoom meeting (stupid fucking job interview). They lingered around with their dogs for a little bit and kept looking at me but they finally left once they saw I was talking on my laptop. Missed a huge opportunity there, but I know there will be more.

>>28830555
>mmm, doesn't THAT sound familiar?

Indeed. Except we pay a premium for shoddy quality whereas the Japanese pay a fairer price.

>>28830726
I've been thinking about doing this once I get my portfolio large enough and can basically live from 10% gains every year. What kind of setup do you have? Thinking about getting a f-250 and a 30 ft trailer

>>28831088

It is still a work in progress but I have a Chevy Express 3500 cargo van. I’ve installed some Thule racks on top of it to hold 720 Watts of solar panels that I've ordered from a place in Flagstaff called Northern Arizona Wind & Sun. They’ve been doing solar since 1979 and are highly regarded in the van dwelling and RV communities. I also have a 4800 Watt-hour battery bank which means it can basically power anything I want like my gaming PC, MaxxAir Fan or Dometic fridge. My fridge stores about 2 weeks worth of refrigerated food. I also keep about 25 gallons of water, half of it is for drinking and the other half for other showering or doing dishes. My goal is to not have to go back into town very often for supplies.

>f-250 and a 30 ft trailer

That's basically my "make it" rig, but with an Airstream instead of a trailer.

>>28828516
Yep, I think you are right. Low rates are good for SELLERS NOT BUYERS

>>28830641
In my current situation im living rent free, i will stay in my situation untill i can buy something and i already have a decent chunk of cash thats growing. Im hoping the situation improves as interest rates get higher, but at this rate that wont happen untill 2021.

Kind of feels like a screwed either way situation.

>>28831430
Are you scared of your battery bank exploding?

arent they trying to bring government housing into neighborhoods in order to "diversify" it

>>28831605

Not really. I have Lead Acid which is much safer than Lithium Ion. Thick gauge wire, etc.

>>28831555
Meant to say 2025.

This is about 30min away from the "downtown" area, you have to see the house within hours of it being posted and be ready to make an offer the same day.

>>28831430
Sounds like a solid setup. Appreciate the reply. I'd definitely want some solar panels for when I don't have hookups. While you're travelling do you often run into other people travelling and doing the same thing as you? I'm 26 right now and am curious to the average age of the people you usually meet on the road that are caravaning around as well. Are they usually older people?

These threads depress the hell out of me, a 32 year old boomer trying to save for a down payment in the Washington DC area

>>28830260
>>28831555
>>28829770
Just imagine if the post bust world is jointly owned by elites and NEETs who were simply too hesitant to cash out crypto gains and didn't have a gf to pressure them into buying real estate at the ATH.

>>28830251
>In this buying frenzy i could probably move it without even needing another termite inspection, etc.
You could, people are currently buying without even doing inspections, everyone just wants land

>>28830555
The land is worth (presumably) the offering price. Hawaii aint that big anon. Theres not a lot of it to go around.

>>28829050
The hoeing market is going to pump hard for 3-10 years after these programs are implemented. Honestly your best bet is to try to get into the first round of free down payment money assuming it isn't some dumb program only allowing the absolute poorest.

tldr if you want a house in the next decade just buy now.

>>28830271
Commonwealth nations are meant to be the cool ones except we keep getting fucked =(

>>28831555
nice trips. so you live at home? nothing wrong with that.
>>28831702
>30 minutes from downtown
do you own a car?
if you're serious about owning some land with a house on it, you should be looking farther out. everything within an hour of any major metro area is for buttgoys and niggers. buy farther out and you'll see your property value go up without losing it to property tax.
see: >>28831850
where are you looking? montgomery and pg?
everyone's so scared of a commute they rent until they die.

>>28830236
>their favorites.

why are their favorites always genetically defunct riff-raff?

>>28832315
Idk if or when we’ll be expected back in the office, so I’m looking in the nova area. Springfield, Alexandria, Vienna, Woodbridge, etc

>>28831805

Lots of boomers but sometimes you'll find people your age. Lots of people from all over the US and Canada come here to escape the weather. I ran into a young couple from Quebec driving a schoolbus the other day. They named it "L'Octobus" because it had a mural on it of an octopus.

I'm not retired or anything. I do mostly remote work (software) but my goal is to eventually live off portfolio gains like you mentioned. There are also odd jobs everywhere. I found a job this summer working in the national forest part time $20+/hour plus free hookups and a place to park.

>>28831850
If you want to gauge DC metro economic health. Then this institution tracks it http://sfullerinstitute.gmu.edu/economy-watch/#current

>The Economic Recovery Stalled in November 2020. In November 2020, the Coincident Index decreased 11.5 percent from November 2019 after declining 11.4 percent in October on a monthly over-the-year basis. Similarly, the Leading Index decreased 0.5 percent between November 2019 and November 2020, bringing the Index to its lowest level since September. The recent stagnation of the economic recovery was primarily driven by the emergence of the second local wave of COVID-19 and the colder weather, which affected indoor and outdoor activities, respectively. In December, the employment data weakened and, in December and January, consumer sentiment softened. Consumer confidence in present conditions decreased sharply in December and did not recover in January, even with the positive news about the vaccines. Consumer expectations had double-digit monthly over-the-year decreases in November, December, and January. These declines were the sharpest and most prolonged of the pandemic so far and indicate that pandemic fatigue may alter the upcoming rate of recovery. Altogether, the data indicate that the recovery stalled in November, that it has not resumed as of January, and that it is unlikely to do so until this spring.

>>28828843
What non exconomic policies?

Simple solution
>live in the southern states
>live away from big cities
>work remote
> fuck your wife and have 3 dogs

>>28828516
LMAO what the fuck they deserve to lose everything

>>28832315
Yup, living with the folks, travel a lot for work too so maintaining a house would be difficult. Trying to find something near where i currently am so i can be close to family. im not going to travel heavy for work forever and i may eventually start looking towards starting my own family.

i want .5-1acre with no HOA and a large 2 car garage for my hobbies. Sitting on 120k and seems like 300-400k will get me what i want. In 2018 same houses were 200-300k. I figure waiting another year or two the worse case is i pay another 20-50k for the same thing, which would partially be offset by money i save from having a larger down payment then.

>>28830260
the people doing this will be dead in 50 years anon.

>>28832703
anon you're house hunting in one of the most expensive areas in the country. you work in DC? get creative. realize the majority of your commute is that last 10 or 20 miles. there are tons of guys who commute from west virginia every day. not saying you have to do that, but look around.
>springfield
>vienna
dude that's richfag shit. get what you can and figure it out from there. normal people aren't buying their first house a half hour from the city.

>>28827334
Wait wait wait, won't that just mean more people buying houses? or will rules be so relaxed they'll literally sell houses to people who can't afford it just so they get repo'd and get fucked by the jewry again?

>>28827334
Why on earth would I buy an overpriced house just because the mortgage rates are better this year than they were 4 years ago?

>>28833648
yeah, but it's like a positive feedback loop. more people buying houses means more demand, ergo higher prices. meanwhile FOMO low rates and ATH prices means these loans will get harder and harder for some of these people to pay back.

>>28833515
>i want .5-1acre with no HOA and a large 2 car garage
so does everyone. like i said, if that's what you really want, look farther out. not trying to be a salesman here, but 3% interest on a currency that is losing value every day... you'll gain more in equity than you pay in interest. you'll be better off in the long run.

>>28828843
/pol/ is over there 8===D

>>28833648
if you buy a house you can't afford it's just as much your fault as it is the jews.
>>28833963
kys

>>28828087
so qrd hold cash?

>>28827334
fuck me for wanting a house before i get old i guess. if i can afford one now should i just go for it ASAP before the bubble inflates even more from the shit dollar and subprime loan jewery or is the big collapse coming that soon?

So when it collapses will house prices be affordable again for that brief period like they were in ~2010 when people needed to get out of their underwater situations? Or will the market just forever fuck people looking for homes?

Who would have thought signing something which roughly translates to DEATH PLEDGE in Latin was a bad idea? Don't buy a house unless you can afford it all cash.

>>28831850
>DC
fucking why. Don't tell me you are somehow intersted in ploitics or journalism.

>>28827334
good

>>28832887

That's against board rules, but yolo I guess.

Clinton signed the assault weapons ban 1994, portions expired in 04, Biden is looking to bring it back. Brady act put background checks on handguns, we will get more of that. We'll likely be heading back to the middle east. Health care reform was on Clinton's docket, but that's not a fair one since they are always doing something for health care. Money for education was shunted over to low income (black) schools, and equality of racial treatment/result became a major talking point.

The important stuff is economic. He opened our asshole for China, neutered credit reporting, and set up the conditions for 08. A big one that people don't know is that the Equal Opportunity Credit Act made it so lenders couldn't discriminate against people on public assistance. Not only was that clearly stupid at face value, but part of welfare reform was supposed to be limiting the number of years you could get it. Public assistance by definition could not be a guarantee of future income.

>>28828516

lol.

Housing market to the moon!

>>28831850
I'm from DC (I was born there). I don't want you to take this the wrong way but you are already priced out.

>>28829770
this guy gets it. its why propaganda, market makers, politicians, everyone targets women specifically because they know everything follows the pussy

>>28827334
>Subprime mortgages are returning and again it is the federal government doing
Much like student loans. Get the government to take charge, so that the taxpayer is on the hook once it goes bad.

>>28834371

Not that anon but did you know that credit scores weren't a thing until 1989? It is quite dystopian if you think about it. Soon we will have a "social credit" scoring system as China does, but as of right now we don't thankfully. Ours is "just" economic. I guess my point on that matter is we are already kiked to the core, and we don't even know it.

>>28833963

I specifically left out the non-economic policies, and this thread is about political actions.

It's the Clinton economic playbook. You can expect the rest to match.

>>28834371
I'm interested to see where the gun stuff goes in the next 10 years ((because I'm buying stocks on gun companies)) and also because I think some serious supreme court cases are winding their way up the appeals courts. I really hope this conservative court is based and doesn't cuck us.

>>28827334
I don't give a fuck just explain how I profit off of this

>>28834308
Mortgage is the particular schedule by which you kill the debt anon. And there's no reason to pay cash when the currency inflates faster than the interest rate on the loan.

>>28834371
>We'll likely be heading back to the middle east
that's overblown. they've achieved cultural and economic dominance. war is fought on tictok now.

>>28834691
at least chinas system gives you credit for things that are actually beneficial to the chinese people.

>>28834308
>a thirty year loan at 3% is a death pledge
dude get your finances in order and get your shit together. paying the bill is the easy part.

>>28834723
by buying a large piece of land with a small house on it and never letting it leave your family

>>28834717
Jan 6th was a test run for gun control measures. Had a single shot been fired by the mob we would be turning in our guns about now.
They let people in to learn how to defend against it the next time it inevitably happens and it was a major boon to the powers that be. They no longer need to take guns away, they have all the ammunition they need for several years in that one day.

And if it happens again (it probably will, and there will probably be shots fired) they will take the guns away and the whole country will cheer.

>>28833963
Holy fuck you're retarded.

>>28834747
With all due respect fren, please shut the fuck up. This is /biz. There is no room here for logical, well reasoned posts. Please let me post schizo FUD in peace.

Also the statement about the currency inflating faster has 0 impact on wage slaves and is Jewish propaganda. That statement would be valid if wage slaves were paid proper wages that kept up with inflation, but that hasn't happened since the 1950s. Here's a fun fact, I work as a senior level engineer. Do you know how much Apple paid their software engineer interns back in 2005? $40 an hour. Guess how much their interns make now?.. 40 an hour. Want to know how much a senior engineer made back in 2005? 120k. Want to know how much a senior engineer makes now? 120k.

>>28835143
My gf has a nice piece of land and house. I'd love to buy a small vacation cabin too.

>>28834723
Extremely based and tothepoint pilled

>>28835070
You... see >>28835339. Also I'm not complaining about the costs of homes / real estate, I already own real estate..

>>28834691

The credit scores are rather tame here. There was good that came out of the regulation that restricted discriminatory practice. There are plenty of valid credit risk indicators (arrest record and such). Cigarette smoking, casino trips, and all sorts of little pieces of meta data can paint a descriptive picture, but they can't. be used. It makes credit scores pretty worthless, and is setting up a future crisis.

Imagine if big tech established a credit score based on web activity and all sorts of esoteric meta data. Now THAT would be a nightmare.

>>28834779

MIC gotta get get a return on their campaign contributions, but I hope you are right.

>>28834723
make the big short 2

>>28828516
>>28833382
That is a flipped (or tear down+rebuild) home. Would be interested to see what sold for 500k.

>>28835339
We get a yearly cost of living increase to our wages where I work, separate from raises. Several years they've not given it to us. One year we didn't get it or raises and I got in trouble in a meeting when I referred to it as a pay cut, even though that's essentially what it was. All the big bosses gave me this look of pure anger and frustration like I'd just told everybody how a magic trick was done.

>>28835070

He is talking about the etymology of the word mortgage. Mort like mortician.

The term referees to the death of the obligation once paid. It's not like the obligation goes away when you die, so there's no reason to assume the name is connected to the death of the signor.

>>28834310
I do software consulting for the govt

>>28834502
Yeah, most definitely. A realtor suggested looking in the Winchester area so I’m thinking about that. DC ain’t gonna happen

>>28831850
yo get yourself out of that shithole dude

>>28827334
nothing to debate. it's really sad.
my mom's exact words: "well...if you're renting...you really are pissing away money."

have no problem with boomers but a lot of kids are taking their advice without any grain of salt. financing cars, student loans, home ownership, etc. just because they don't know anything else.


unless you're willing to buy a house cash and rent it out, a mortgage is quicksand if you don't buy at rock bottom. 2008 will keep happening over and over again if people keep viewing their shitty fucking condo in Bumfuck, Arizona as an investment rather than a levered-to-the-tits roulette game.

>>28835339
>fixing your housing cost has no impact on wageslaves
you're ignoring every other cost. if i can afford my mortgage right now, unless i lose my job i'll still be affording it in ten years.
>>28835582
MIC makes money by selling new equipment to governments. just like how they sell us new shit to replace the shit we've been using and isn't broken, they continue to sell "upgraded" shit to the government. the next war will be started by our new overlords.
>>28835857
i know the etymology. i've also heard about where "buying the farm" comes from. using that as a reason to not borrow at a fixed rate is retarded. on /biz/ of all places. fucking make some money you whining faggots.

>>28835750
Yep. This happened to me once earlier in my career, thankfully I was already red-pilled and broke free from the wage cage mentality. After that review period, I immediately applied for new jobs and ended up finding a new position at a competitor across the street for a 50% pay raise. I was working in the finance industry, where people jump ship all the time.
>>28835857
Exactly, you got the joke.

>>28828516
thats a shitty area of honolulu fyi. thats where people get stabbed and drugs are sold

>>28832315
I am renting in Montgomery and just started looking for houses. I see townhouses starting at 800s. I feel like I should just wait another year

>>28831431
Never thought of that before. Definitely good for sellers, but isn't it just a wash for buyers especially if they do the whole 30 years?

>>28835627
You can go back into the properties history and look at the $500k listing pics. Its literally the same house but with old paint. Knowing Hawaii, this is how "flipping" works:
>Hire da braddaz for a 1 day paint job
>paint over old peeling paint
>paint extra thick over termite damage
>fill in the huge termite damage with puddy
>don't even sand it or let it dry, just paint over it

>>28835339

It's valid for the bottom rung workers, otherwise yeah you are right.

The ladders was a job search site from 2003 that offered only 100k+ jobs. Today those would have to pay 142k. 100k+ now would have been 70k+ then. Through that lens their value proposition is fucked. They really aren't offering exceptional jobs if exceptional talent. They have been been caught scraping job postings that don't list a salary because they think it MIGHT pay 100k+

>>28835339
I agree wages do not track inflation, but I assume everyone here is a neet or at least makes the majority of their income from something other than wages. Buying in cash doesn't solve this problem though, it makes it worse because it's an opportunity cost on other investment, and investment is the only way you'll be able to afford the infinitely inflating property taxes in the world where your wages are worthless.

We can apply mortgage style financing to anything and it would still be better than paying cash, so long as inflation, or at least ones personal discount rate, outpaces the interest rate on the loan. The only exception I can see is if a persons personal discount rate is negative (that is, they actually enjoy buying high and selling low).

>>28836367
>first time home buyer in montgomery county
never gonna happen m8

>>28836162

I can accept that premise. I hope I am wrong. At this point getting out and staying out bucks the trend too much for my biases.

>>28836162
>you're ignoring every other cost. if i can afford my mortgage right now, unless i lose my job i'll still be affording it in ten years
I'm not ignoring other costs, that is why I made that statement in the first place. Losing your job is a probable event in todays economy. Even though your mortgage stays the same, your purchasing power is dropping every single year, on a long enough time horizon (30 years is quite long) in todays world, assuming you even get a standard 2% 'raise' every year (which you won't because eventually you will hit a salary cap and HR will fuck you), you will get priced out of your mortgage by virtue of (((inflation))) and (((taxes))).

It's over anon, just take the blackpill

>>28836219
The ridge is actually pretty nice. You're probably thinking of Palolo valley. Pic is what a million dollars will get you there so you can live with no privacy, surrounded by section 8 and public housing.

>>28829467
I first thought you said “shooting” and the answer to that is now. Wrong board though

>>28836572
Where the hell am I supposed to live if I work in tysons

>>28829770
>>28834529
very hard to swallow but true.

if guys all of a sudden didn't want to get laid, you would see nothing but used hondas and toyotas on the road.

>>28836899
Manassas?

>>28836630
>you will get priced out of your mortgage by virtue of (((inflation))) and (((taxes))).
you will get priced out of renting much faster. the only way to play it is to buy as soon as you can and save on the side. you're paying inflation and property taxes regardless. if i had 500k cash i'd rather take out a mortgage than buy outright. what would you have me do? fuck off in an RV? move to thailand? the costs will catch up to you either way. do it my way and at the very least you have a deed in your name.
>muh blackpill
i mean, the future looks like shit, but there's no way you can be worse off than paying some other guys mortgage. how is it so bad to be paying your own? and again, at 3%.

>>28836518
I never fully understood this thought process and I'd argue that buying 100% cash now is better. With an all cash purchase you have full equity on whatever real estate that you purchased that can be leveraged immediately.
With mortgages, as you mentioned other assumptions and factors (such as the ones you mentioned) come into play that have an impact on whether or not they are better. I follow a no usury mindset and refuse to take out loans on things, I'd rather just buy them out right. Additionally all cash purchases may open the door to additional discounts and incentives that may not be available to you because you're financing. I should probably caveat that I've taken the land pill and instead of purchasing already built homes, I buy raw vacant land, rehab it, drop single/double wide trailers on it, and resell for a massive ROI.

>>28836630

I remember growing up and hearing about "cushy government jobs", and now people are realizing that not even the federal government was paying the $15 minimum wage that they thought every small business should have to pay.

My first job out of college was a federal GS-5 in 2010. It was heartbreaking to learn I would only be making 15.84/hr and needed 10 weeks of training before I could do the job, but I was so happy to finally have a job in the shit economy. That same job pays just 11% more a decade later.

This is a union job too.

>>28828843
For anyone interested in what led Michael Burry to finally short housing, it was when banks started offering payment free loans, entirely for speculative home investing. That's when he knew the top was in. I don't think the kikes will go that far again in just a decade after the last time it obliterated them, but near interest free loans is pretty close to what happened last time, and is a close signal to the top as well.

>>28836899
ask the janitor or the secretary. ask a coworker. ask the happiest boomer in the office. i bet he drives two hours one way.

>>28836177
I wish I could go somewhere else but I'm borderline literally retarded and have no degree so my superiors know I'm there forever.
One day I will break out of this cage. I don't know how but I will do it. Just looking for that one opportunity.

>>28834691
What is dystopian about it? It pretty much just mathematically says how likely you are to pay them back. It was bound to happen.

>>28837194
>what should I do if I have 500k?
See >>28837344. Take the raw land pill and stop falling for jewish tricks. Property taxes on land are nil and can be afford on a Neet "salary". I pay $100 a year for 40 acres of land near major metropolitan in the Southwest. The tax on the land hasn't moved in over 25 years, despite the land increasing in value YoY.

>>28829467
pretty soon, see here >>28837449

>>28836912
>if guys didn't want to get laid, they would only ever own the cars that women expect them to transport families in

What?

>>28833761
>because the mortgage rates are better this year than they were 4 years ago?
Because you get the low fixed rate then when rates go up, they will, you laugh all the way to the bank as your payments stay the same and even if house prices go down new buyers are still paying more per month then you are.

So should we short the NAIL ETF? There are still building a bunch of neighborhoods around Dallas but that might be an anomaly

>>28831667
absolutely not.

at least not in affluent areas. they can run with the "gov. housing residents don't pay property taxes which fund the schools" argument until the end of time. which is totally valid but is a cover-up for saying "we don't want your fucked up, single mom raised kids destroying the calm social environment we've built for our kids" which is totally valid too

so i guess the real question is whether or not the fed will rugpull or else pump this for the rest of time
on the one hand the schizo in me says these inflated asset prices are ripe for a controlled demolition, on other hand isnt th fed the largest owner of mortgages now?

>>28837474
Lots of people drive insane distances. Just in my office, well pre covid, one guy had a 1 hour drive on good days in the morning, then the same in the evening. It would go to 1.5 each way in the winter if there was any weather. I want land, but I don't want to work 11 hours a day for it. (8 hours + 1 hour lunch + 2 hours drive) Throw in 10 hours for sleep and morning prep, breakfast, supper, etc and there isn't enough time in the day.

>>28837394
>I remember growing up and hearing about "cushy government jobs"
it seems you didn't/don't understand what cushy means. it means pillow soft. like for soft people. not something to aspire to. government jobs are literally second layer welfare.
>>28837344
>With an all cash purchase you have full equity on whatever real estate that you purchased that can be leveraged immediately.
>leveraged
why leverage?
>I follow a no usury mindset and refuse to take out loans on things, I'd rather just buy them out right
how do these two things fit together?

how am i at any more risk than a cash buyer if i can pay off my mortgage tomorrow? and how do i lose any gains in property value that a cash buyer would see? i have a loan for a fixed amount at a fixed rate. if my property doubles in value i still owe the same amount. if this is a pure taxes argument i write off my interest each year and the moment you put a permanent structure on your land your taxes go up too. well not immediately, but they will.
i'm all for buying 100 acres and putting a 1000sqft house on it, but most people can't do that. most people can buy an acre with a 1000sqft house on it for zero down and a lower monthly payment than rent. and with that combo of savings and equity gains they can then buy a bunch of land and fuck off if need be.
i seriously don't understand. savings accounts were paying 3% like two years ago.

>>28835182
They can try but man I’ve talked to a lot of boomers with a lot of firepower and they all say they’re going out with a bang as opposed to just handing them over, it won’t be pretty if they attempt a gun grab. You’ll see white taliban type of groups popping up left and right in the states if they pull that.

>>28827334
Your country is so fucked up beyond any salvation that is incredible how any stimulus, welfare check, major social movement gets immediately snatched up and butchered by the parties involved because ‘muh right’. You as a country have no more cohesion, that’s the inly reason USA will never make it anymore. The dream is ended and you are in the hands of what you created: a greedy system with no remorse or social unity. Italian fag.

>>28829896
CGT+Negative gearing is what is keeping it up at the moment, investors buy and hold (don't rent) at alarmingly high rates, causing artificial scarcity.
Wait for Labor to get in with a policy of fixing those 2 things and then it's fucked immediately.

Yeah in ausfag land you can get mortgage rates of under 1% if you sweet talk your bank. This will end in many tears.

>>28837344
I mean if you're doing it for a moral reason that's another thing entirely. But take a few seconds to see what your ending net worth is, 30 years later, on a property you purchased in cash or with a 3% (or less) mortgage and just put the rest of the cash in stablecoin lending at a conservative double digit APY.

Paying in cash vs taking out a mortgage and investing the money you didn't have to burn upfront will literally be the difference between getting sterilized living on bugs in a pod farm and being able to escape the planet. If you understand the implications of wages not keeping up with inflation then you understand there is no way to just buy real estate outright and call it a strategy when states demand increasing property taxes in inflating currencies from wagies whose fucking nominal wages don't even increase.

>>28838313
>i want land
>but it has to be in one of the most desirable areas on the planet
not gonna happen unless you broaden your search or make your way into a seven figure portfolio, cash it out, pay taxes, and then dump it all into some shitty parcel that'll get eminent domained.

>>28827334
In order of comfyness.

>>28838467
redpill me on moving to italy

>>28838467
damn bro hot take. never heard that before.

>>28838467
things aren't the best in Italy especially with COVID but please be grateful that you have a country which views you as citizens rather than customers.

it is frustrating to hear nonstop propaganda about how great and prosperous our country is but in reality, numerous US citizens aspire just to live like the below-average EU citizen and not worry about health emergencies.

>>28838492
They're all variable though. No fixed-rate 30-yr mortgages here.

bearish 2022-2023

>>28838491
Labor in the last few days has been rumoured to drop this policy. They know it's suicide to fuck with boomer's funds. Both major parties now support negative gearing. This shit is only going to get worse.

>>28830260
Based analysis anon.

>>28832949
>live in southern states
>fuck your dogs and have your wife
Fixed it for you

>>28839056
Fucking with negative gearing would be amazing, I hope they do it.

>>28839190
Not until the boomers are dead. At least another decade before real housing reform comes.

>>28839015
That's the point, you get a low as fuck variable rate mortgage and they bank all the risk on you re-financing at a higher value
Variable rates rise, defaults start, values plummet, everyone's fucked.

>>28839056
They flip flop every day on fuckin everything, states aren't even on the same page, there's a chance they will try to avoid a housing crash if it's during a recession, but like everything with them it's waiting until they're comfortable.

>>28839015
>No fixed-rate 30-yr mortgages here
like, at all?

>>28838364

That's not what it meant in the 90s. The bureaucrats were always overpaid do nothings.

In 1990 per capita gdp was 23,923 and my gs-5 would have been 19,337. About 80% Minimum wage was $3.80 or $7,904. It paid 2.45x minimum wage plus benefits

Today per capita is 65,297 and the gs-5 pays 35,888. That's 55% of per capita and 2.37x minimum wage.

Cushy meant easy and paying a comfortable wage. Since tax revenue scales with GDP it should have always been at parity.

>>28837660
cheap, reliable cars instead of a 3 series that needs to be in the shop all the time.

>>28837791
If you think rates are going back up you must also assume prices are going down bigly. Think about how MBS trade and figure out why they would go down in price.

I think my ID changed for some reason but anyway..
>>28838364
All loans to me are usury. Federal rates are near 0% but yet banks are still charge 2% on loans. Anyone who thinks this is ok should re-examine their life choices. You should take the Bible -pill if you haven't. As for your remaining questions.
>What if I can pay off my mortgage tomorrow?
Most mortgage holders cannot pay off their mortgages immediately. You fall into a special bucket if that's the case. There is a limitation to how much can write off and I can tell you from personal experience that it takes a long time for your taxes to go up after you build on your property if you are not building in a pozzed area with tons of bureaucratic overhead that does absolutely nothing but waste tax payer dollars. And even then, the increase is almost negligible. Land is dirt cheap (pun not intended). I'd argue that more people are capable of buying land and dropping a trailer on it than they think.

>>28838563
We have different mindsets. Everyone here is chasing "net worth". Yes, sure maybe at the end of the day your number might be higher than mine, but does it really matter? You cannot put a price on freedom. What more do you really need besides a warm bed and food in your belly. As you mentioned, you may have made 5Mil more than me over 30 years, but you will be stuck eating bugs because you instead decided to use your money to consume rather than become independent and buy your freedom from the consumeristic hedonistic society that we live in. As long as you owe money to someone else you will never be free. You are tied to a 30 year leash and are forced to wage or flip shit coins in order keep your head above water, less you drown in financial currents. I, however, have no master. So no argument there, your strategy is better than mine if you choose to remain blue pilled and remain inside of the gilded cage with fading paint that is known as capitalism and consumerism. Reject capitalism or you are NGMI

>>28839003
Yes Anon, you get it. Even if things might not work good in belpaese (unemployed former Export Sales - ANSEAN markets) i know for sure I am a citizen and part of something bigger, older, pretty much shared. It is embedded in the people here. That’s also the reason they are racist (real racists not the /pol larper type). The European is always part of 1.the community of his neighborhood 2.the citizen of his province 3. A national of his country. A give and take. As bad as it might get I’m not a product.

>>28839379
Yeah just had a look now to check. At most you'll find 5 year fixed rate, then back to variable. It's weird.

>>28838947
Think about it. What makes a nation and what makes an enterprise? As much as they try to educate you differently they ARE two different things. And AMERICA INC not doing well.

>>28839385
nah dude if anyone ever had you aspiring to work for the government they steered you wrong. or you're black. likely both.

>>28839379
Oh and also, we have early repayment penalties. You can pay the loan off early, but they charge you all the interest you would have paid over the fixed term. Since that's only a few years here it's not so bad maybe. I have no idea of the details, I've never had a mortgage.

>>28839513
>I, however, have no master
So you're just not gonna pay the infinitely climbing property taxes then? That's based and I fully support you, but that's a rejection of statism rather than capitalism.

>>28829896
They ride won’t ends when they are adding zeros to a computer screen

>>28839513
>You cannot put a price on freedom.
Damn, I need to take this redpill more often. Here I am chasing fiat, chasing stocks, both pieces of fucking paper technically not even owned by me.

>>28838807
No redpills. Southern EU country. North of country nice infrastructure and some jobs to be had here and there, shitty climate. South more akin to Greece + crime-based economy and services here and there. A lot of unprofitable agriculture down there. Workplace is just like anywhere else in EU, you come for the shekels you stay for the nice contracts and the headache of searching a new job is. I don’t think amerifags could ever really get acclimated here. I’m from Slavistan and it took us one full generation to switch and make a living.

>>28833535
>people doing this
You mean demonic spirits. AKA, destructive memes.

>>28839852
>He doesn't know about 12USC411

>>28839569
holy shit.
>>28839633
america is an occupied economic zone. it exists to be the financial and military center of the world. most anons know this already.
>>28839513
yeah i was asking what's the point of leverage if you don't take loans.

>>28839852
The property tax on my land hasn't moved in years. Additionally I receive immediate benefit from my property taxes because my city is more of a community. The $10 I pay a year covers snow removal, trash services, road maintenance, among other things.

Good for the hedgies but how do we short housing as tiny little retail investors?

>>28839692
>switching to a variable rate
are you pulling my leg, bruce?

>>28834219
Prices won’t go down because of massive immigration. We are looking at over 400 million US population by the end of the decade consuming housing.

>>28839962
>yeah i was asking what's the point of leverage if you don't take loans.
Gotcha, and you're assumption is correct, it doesn't benefit me but it would benefit others who do utilize loans. >>28839569
That doesn't sound right. Are you sure you are not looking at the wrong thing?
>>28839692
Just saw this post. Do you live in Leafland or something? What in the fuck is this FUD? This is exactly why I do not fuck with loans.
>>28839860
You are beginning to understand.

>>28839513
Kek mortgages are 2% but cc cards are on average 16%. People using cc get fucked living using them to survive

>tfw looking in cuckbullshit Northern VA where house prices are fucked up the ass on a good year
>what was going for 700K (that would be 300-400K elsewhere in the state) just 3-4 years ago is now literally $1,000,000
>sellers and new developers jacked up prices 20%+ in just the past 6 months
>every new development is a 5000+ sq ft mcmansion
>houses getting 50k+ earnest offer sight-unseen offers within hours of listing
>every listing contingent within 1-2 days regardless of price
>99% of sales are to chinks and indians
it's all so tiresome

>>28840325
>>99% of sales are to chinks and indians
Why can they afford it and you, white man, can not?

>>28840325
>99% of sales are to chinks and indians
China is slowly taking over our country and pricing us out of our own land. America would be a better nation if we followed what asians countries do and prevent foreign buyers from buying our real estate. Asians can price us out of our land but yet we cannot purchase their land.

>>28840325
>houses getting 50k+ earnest offer sight-unseen offers within hours of listing
Its the same everywhere I ask fren. I am thinking about attending some open house viewings, dressed in my best suits and sunglasses, just to walk around and casually amongst the panicked normies and talking loudly about maybe thinking about putting in a bid 30% above asking price. Gotta accelerate the FOMO.

>>28840243
>it doesn't benefit me but it would benefit others who do utilize loans
right. and that's me. utilizing a loan. using leverage. shorting the dollar.
i absolutely get where you're coming from and i generally agree with your outlook, but i think you're only persuading people who think balancing their checkbook is the same as being a CPA.

>>28840662
how else is ur boomer's dad going to afford his yacht?

>>28840662
>America would be a better nation if we followed what asians countries do and prevent foreign buyers from buying our real estate
i feel like this would get 90% in favor if put to a popular vote. which means we'll never get asked.

>>28827334
Oh but there's a kicker this time! Last time there wasn't a color revolution going on, so when it caved it was greedy Banks and investors but fuck all the people who lost their homes anyway, don't take a loan if you can't pay it niggers!! But this time it's going to be 'banking is racist and has to end, all minorities who defaulted get to keep the property after the bailout'. It's so fucking predictable.

>>28840743
>thinking about putting in a bid 30% above asking price
absolutely based, but at the end of the day this has 0 impact on chinks who have infinitely more money than you. They would rather pay +60% on a house than leave their money in their country which is subject to confiscation by the CCP

>>28827334
>15,000 to hold the bag

QRD on buying a house and then renting it out to pay for it?

>>28840662
Don't you have investor visas or something.

>rich chink "invests" $1m in real estate
>gets a fucking visa for it

Lel

>>28841269
it's illegal to not rent to niggers

>>28830555
>shacks in rural hawaii
>600k

>>28841074
It's pretty fucking awful for any regular american in my area. It's all infinite money chinks and H1B indians who somehow also have infinite money.
Houses are getting sold literally over the phone within a day of listing, and buyers dont even want to see the house. And every time I look up county property sales info its to some shit like "Li Xiang Qi" or "Rasajah Suramandaramusheresh" + 5 other indian names

>>28841332
I was thinking more along the lines of female sorority students

>get a house
>can dab on poorfags
>occasionally I might let them pay the rent in pussy instead of cash

>>28830260
>the real answer is that we're transitioning from capitalism back to feudalism.

Most blackpilled thing I've read all month

>>28840014
Didn't you say you didn't have a master? Or is it okay because your master doesn't compel you to pay some arbitrary amount?

All the property I own is being taxed higher after appreciation. What county do you live in? I can demonstrate, but a particular example actually doesn't matter. It's literally a deductive certainty that mortgages are preferable to cash purchases given the truth of certain very conservative assumptions (inflation rate>mortgage interest AND/OR personal discount rate>mortgage interest rate). It's also certain that there exists some time t in the future where waging alone cannot service taxes (or any set rate of interest paid) on some asset where the assets nominal value perpetually appreciates faster than wages do, nevermind any mention of inflation. Given that you agree with these premises I don't see how our views differ.

So what're the current credit score reductions and DTI ratios, like 600 and 50/75%?

>>28830251
>termite inspection
Thank God I live in the country where houses are made of steel and concrete, not cardboard.

>>28841420
https://www.youtube.com/watch?v=Ebq0iMcVpf0&

>wife's friend and her husband buy a house in north Denver on some kind of jumbo loan.
>They paid only $15k down on a roughly $500k loan.
>If her husband loses the job it's actually fucking over for them.
>wife and I joke about how stupid and financially illiterate they are.
Good old jewish usury in action.

>>28839911
checked.

>>28841472
Hidalgo, and before you or anyone else asks, fuck off we are full. Things are handled differently out here..As I mentioned, the minor sum I pay yearly benefits me immediately, the interest you pay to a random jew yearly does not offer you any additional benefits. Your premise makes sense but this is easily negated by simply living in a simple structure in a state with a homestead exemption. Idaho and Florida are good states for this.

Here is a make it scenario for High Level Neets to game the system (After they have already gotten their financial situation setup): Buy 1 acre of land in Idaho, drop a single wide on it (Will run you about 50-60k) all in. Property tax in Idaho is around 0.93%? You can deduct about 50% of your homes value and land up to 1 acre for a max total of 100k. So now the value of your property is 25k. So now your property tax bill is around $230 a year. Take your crypto and sell just barely enough of it for the year (Do not sell anymore) so you stay under the federal income level for taxes which is 9.8k. Use that $ to pay your bills and your property tax as well as put money into a IRA (more on this in a second). Come filing time, you are so poor (because despite having high net worth your income is still poverty tier), that your refund check from the government will replenish any expenses you paid during the year. You also get additional credit ($538 if you are single) because you were under the poverty line and you put money into a 401k.

>>28842238
Typo: Not 401k but any retirement fund.

>>28838491
its a shortage not scarcity

>>28841943
I'll do one better with my wife and I
>30 year VA loan
>$0 down on a literally $1 million loan cause it's nothern faggot virginia and that's how much a "starter home" costs
>mortgage will be in excess of $5K/mo
>get to live in a neighborhood of all pakis and chinks cause they're the only other ones buying 99% of the houses here
>she's a govt employee so at least we have that, but I dont have that kind of security
>it's just going to take literally 1 month of job loss for me, or any unforeseen medical expense to cause us to go underwater
living the american dream..

>>28843010
This was depressing to read. Our country is fucked fren. I hope you make it one day from crypto, I truly do.

>>28837449
they'll definitely do it, the biggest lie is that kikes are smart, they aren't smart, they are just greedy and manipulative

>>28843211
just look what happened with gamestop for example, although I think somehow they mostly got out unscathed

>>28829421
I lean toward this more and more every day
t. renter in LA

>>28841417
You would have to put a lot of money down to get a house by a uni my friends parents got one in 2015 and the price more than doubled in 3 years.
This was a shitty university too

To be fair the market is about to crash so you are running the risk investing a lot of money into a house that will actually drop in value once the crash happens which is likely soon due to all the inflation going on.
The housing market is a bitch near a crash because there is soo much money to be made in those last few weeks but fixing a house up or renting it without backup money already in place is setting you up for failure.
Its like buying a stock at its ATH and trying to time the market to get above that price.
You can potentially get double what you paid for or you might lose money with bad timing
Id wait until the end of the crash and do research during the crash

>>28844255
I think I'll just keep my parents house, fuck buying a house in this clown world. Although I think they intend to sell it

>>28840243
>Do you live in Leafland or something?
Ausfalia.

>>28839513
Unbelievably based last paragraph

>>28842238
>The interest paid does not benefit you
You didn't actually do the math on my example did you?

Let's take some 100K of property to be mortgaged:
Situation 1: Pay 100K. Get asset worth 100K. Your property appreciates say 5% a year, your property is worth 100000*(1.05)^30 = 432K at the end. You are dumb and happy.
Situation 2: Pay 25K. Get house worth 100K. Take on 75K debt at 2.5%. Now you pay $3600 a year as mortgage. Open a new account an invest your 75K in the S&P500 and get 12% boomer gains. If you're scared, put it in noncustodial stablecoin lending instead. You finish your 30 years having paid 32K more than you should have due to interest payments. But your investment account balance has 10X'd and you have a net worth of over a million dollars just because you chose this path. You are smart and happy

Let this be a warning to anons - either invest or eat the bugs. If you don't understand the math behind investment and financing, you both you and your family will suffer greatly this century. You may be the last generation that can ascend through investing wages. Whoever has, more will be given and they will have abundance. Whoever does not have, even what they have will be taken from them.

>>28839513
capatalism is just the unstoppable growth known as life
buying a politician/law to make sure you grow and the other guy doesn't have the knife to slit your throat in the night is just the same evolution as always

>>28844410
Tell them to not sell unless they live in SoCal in which case tell them to sell my dad

>>28844851
and what's your position on the JQ, anon?

>>28829770
>it's why diamonds are a thing
I told my gf all about the (((diamond market))) and now she would rather have a sapphire or emerald ring, kek.

>>28844851
>Whoever does not have, even what they have will be taken from them.
I have no need to do Goy equations. The idea is to take back from the system not to further contribute to it .

They cannot take what you do not have, Stop your consumption and your numbers do not matter. Reject modernity, the jewish finance system, and capitalism.

>>28845080
Maybe if they would stop their subversion there wouldn't need to be a JQ. If you mean some actual final solution, I don't know what it would look like in current year.

>>28845175
>They can't take what you don't have
They can demand whatever taxes they want on your property and can literally eminent domain it if you're a burger. How is being poor a solution? Why are you on this board?

>>28845175
>They cannot take what you do not have
this is america, goy. Watch the govt do just that while you have no power to stop them.

>>28845243
just wanted to confirm that opposing the game doesn't mean you can't learn the rules or call your own plays.
ok one last one. this is probably where we part ways. how about credit cards?

>>28845175
>They cannot take what you do not have
imagine my kek. do you know what a lien is? do you know what happens when the court says you owe and you don't pay? what shithole did you say you live in?

>>28845668
The interest on credit cards is too high to justify using them unless you're trying to game the system some way. I actually don't see credit cards discussed on this board much except as a way to commit bankruptcy fraud or making fun of normalfags that use them.

>>28845873
on your post for buying land in idaho, does it have to be specifically that state?

>>28845873
>trying to game the system some way
yeah that's what i was getting at.

>>28846111
Wasn't my post, I don't own any land in Idaho. Many states have homestead and other property tax credits though.

>>28846111
checked and i think you mean to reply to the dave ramsey taconigger >>28842238

>>28846234
Ultimately if you never carry a balance on them it doesn't really matter if you use them or not. I have never had a credit card myself, crypto debit cards give too much cashback and perks for me to bother.

If you're trying to do the ol' Debtmaxx -> Cryptomax -> tumble/tornado/monero -> file bankruptcy trick I am not an authority I'm afraid.

>>28846427
>it doesn't really matter if you use them or not
yeah that's where i stand alone. but that's for a different thread, for me to get berated by a thousand people all saying variations of the same thing.
agreed on the crypto cards though.

>>28846297
my mistake.
im still a bit confused on buying land and putting a small house on it. it is good to sell homes now if you havent paid off your mortgage? or just keep it and pay it off after the crash?

>>28834502
Imagine how I feel growing up in the richest part of the Bay Area. I never get to go back to my childhood home.

>>28846661
If you have a home now and you think its value is going to crash, you should sell. Or don't I heard biz likes to sell low.

If you want to sell a house you have a mortgage on, talk to your bank about it. If you sell for more than you owe you will just get paid.

>>28829896
Aussie anon, take a look at this article
https://www.abc.net.au/news/2021-02-15/why-australian-property-prices-will-continue-to-soar/13154220
They acknowledge that they are making the bubble worse and that many people won't be able to pay back when rates are raised, but they are avoiding having econoimic trouble during the pandemic. They will try hard to postpone the recession until the pandemic is officially over

Is it possible though?

>>28846868
but you are stuck with depreciating cash. and who knows what the dollar will be like if 2008 pt.2 happens.
is it possible to 'make it' by homesteading? i want to buy land and build a smallish house/cabin and only pay property tax. i just dont get whens the right time to begin.
i dont know if i should take out student loans or just pay them in full.
theres a lot i dont know and honestly i was too young to understand 08.

>Joe Biden seeks to reduce standards and also give $15,000 towards a purchase of a new home for first time homebuyers
So basically just take the current value of my house and add $15,000? Fucking based Biden, holy shit, why did I vote for the orange retard again?

>>28836219
>thats a shitty area of honolulu fyi
it looks like paradise desu

>>28827334
Biz, i need some advice. Recently had to deal with an estate involving two houses in a failing state. Yet prices have +25% in the past year. Id easily stand to gain +40% off what was owed if i sold now.
>should I sell or keep as high value rental
>I want to relocate to a hanger home

>>28829556
that is fucking beautiful. i want

https://www.idealista.pt/en/news/property-sale-portugal/

Check portugal, millions of houses for sale. 500k-700k eur, probably all empty.

I ain't buying your bags boomers when I can buy a 50k eur brand new mobile home with all modern amenities.

>>28847968
Fuck, no where is spared these property prices. I assumed a lot of Portugal would still be pretty reasonable.

>>28828087

Bullshit
The Fed as an Infinite amount of Cash to save the economy whenever its needed.
See balance sheet of fed which more than doubled since covid crisis.

>>28829421

lmao
good luck in impressing any female being into vandwelling you pathetic cuck
grow up and earn your right to own a house
fking faggot

>>28842238
>the interest you pay to a random jew yearly does not offer you any additional benefits
what is opportunity cost

>>28829050

Cash devalues in a crisis since the gov got a nice fat taste of central bank moneys.

You have to react quick before your cash in a crisis devalues.
For example, last march asset prices dropped to at least 1$ : 1.4 ratio.
Then the fed came with Jpow printing nearly double the circulating $ and the same ratio for assets turned out like this 1$ : 0.7 to 0.4 ratio (for every dollar invested in assets you get 0.7 in return of asset)
What im trying to say is, dont stack cash braindeadly but react fast in a crash before big money comes in

>>28839513
>thinks he's redpilled
>reject capitalism
Lawd

>>28827334
>systemic housing discrimination
hahah how could this even be executed

>>28829050
Why dont they have an auction/bidding instead? They would sell their homes for more money that way.