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/biz/ - Business & Finance


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49456613 No.49456613 [Reply] [Original]

baggies kek

>> No.49456796

>>49456613
My friend bought a 570k home with less than 20% down 2 months ago and just lost his job. His mortgage/taxes are 3.2k a month. (Long Island)

>> No.49457067
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49457067

>>49456796
>Long Island

>> No.49457111

>>49456613
whats his reaction lmao

>> No.49457267

>>49456613

Housing market won't crash anon. It just won't. You will be outpriced forever.

>> No.49457392

>>49456796
>Long Island
Eastern Suffolk county LI here. My property taxes are FOURTEEN THOUSAND DOLLARS ($14,000.00} every year. It is insane

>> No.49457469

>>49457267
Literally this. This isn't neo liberal Capitalism anymore lads. In the new neofeudal-techno Capitalism property will never crash.

>> No.49457564

>>49457469
don't call it capitalism anymore
capitalism doesn't have market distortion from an infinite printer

>> No.49457928

>>49457469
Central planning always ends in a massive train wreck.

>> No.49458072

>>49457267
I think there will definitely be price decreases, at least regionally. Probably not a big crash but in my area homes for sale are staying up for much longer and I'm seeing a lot more price decreases.

>> No.49458091

>>49457392
That's terrible, man. I left but miss it. Even though it's so expensive, it's such a great place to live and grow up.

>> No.49458140

>>49457111
I assume this was meant for me.. he's rightfully freaking out and frantically applying for jobs. I feel bad but am in no position to help unfortunately.

>> No.49458953

>>49457067
This.

>t. Long islander

>> No.49459770

>>49458140
Yeah thats unfortunate. We joke on here but debt maxing really dose come with huge risk.