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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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50779496 No.50779496 [Reply] [Original]

Can someone please explain to me why hoomers are complaining about the cost of living as interest rates go up?

Clearly it was inevitable that rates WOULD go up and the seemingly ever increasing unrealist price of a house price would fall (funny enough the same hoomers who called out BTC's price up spike also saw nothing wrong with house prices). Did people who bought a home during covid with record low rates really think that that would continue forever? Are they just as retarded as btc bulls?

(In Australia) people (including financial advisor whom I was even personally told by one) ACTUALLY believed that the RBA wouldn't lift rates until 2023/24. I straight up told my FA that it was bullshit and they would raise rates sooner in 2022.

Is all this complaining now just a Murdoch media strategy to shill discontent that the value of the elites 100 investment properties aren't worth as much now as they did during the covid bubble?

You reap what your sow.

Inb4 Reddit spacing,
Inb4 "I took out a fixed lifetime loan' - dascool for you but not for countries where that's not an option.

>> No.50779512
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50779512

>>50779496
The countries with the most natural resources have fewest homes, because they were afforded tremendous credit and used the debt to finance consumption.
Almost over though

>> No.50779522

>>50779496
Hey motherfucker, rent is due. Stop shittin' up /biz/ with your retardation. Get to work wagie.

>> No.50779549

>>50779496
Doesn't the dwindling supply in your pic actually imply further price increases may happen?

>> No.50779558

>>50779549
They're saying that there's not enough demand now

>> No.50781069

>>50779549
Underrated post

>> No.50781216

>>50779558
if true that headline is some advanced pilpul

>> No.50781305

>>50779496
>Can someone please explain to me why hoomers are complaining about the cost of living as interest rates go up?

Because they really did think rates would stay at zero for ever, or at least long enough for them to pay down the mortgage. Yes, the average person really is this retarded.

I hope they get rekt and I hope there is a housing collapse this time. I would like an investment property or two.