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/biz/ - Business & Finance


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53474724 No.53474724 [Reply] [Original]

https://youtu.be/S11f25TvFyw

how completely fucked are real estate fags? Fed has no intention of pivoting and these retards are still borrowing money thinking they can get high rents for their shitty flips.

how long until the party is completely over and retards like this are so far underwater that they kill themselves?

>> No.53474754

>>53474724
Saw it all the time in 08. Dude kills his family and himself. Many such cases. Especially in Florida. You hate to see it.

>> No.53474803

>>53474754
the sad part is he is still holding on despite taking half a mil in losses

https://youtu.be/St7mRbfHVCk

the recession is going to absolutely gut these guys

>> No.53474820

>>53474724
that guy is an expert? i'm not even a homeowner yet and i would have expected to budget for the entire HVAC system (not just the air conditioning unit) and probably some plumbing shit as well. the place was clearly neglected to hell and back and the people living in it were fucking animals.

>> No.53474948

>>53474820
I've been watching these guys for about two years now, they think they are experts for taking on a fuckload of leverage. Whenever they are also trying to sell some kind of "program" you know they aren't experts- real experts are focusing on trying to survive right now and aren't in the market of selling anything but real estate.

This guy in particular blew up on TikTok so I have a feeling that once a handful of people call him out on his bullshit and his courses no longer have revenue he will disappear off all social media. He's never shared the NAV of his portfolio on paper from what I can tell, and there's probably thousands of guys out there doing the exact same shit.

https://www.youtube.com/shorts/FAoSwrlO00E

I'm starting to wonder that these guys might just be money laundering for rich people, nobody is dumb enough to give these retards hard cash.

>> No.53475104

>>53474724
Housing-as-investment needs to end permanently.

>> No.53475177

https://youtu.be/st8GntIN6sU

why do they have so many LLCs?

>> No.53475216

>>53474803
>>53474724
Fuck these guys. I hope they all go down. It’s a giant house of cards and they swallow up all the housing so they can play their game forcing people to sign leases they don’t want to sign and raising costs due to bottle necking supply.
Genuinely hope he gets rekt

>> No.53475270
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53475270

>>53475104
>>53475216
Yes. This strategy of buy with leverage, paint everything light gray, and demand obscene rents is doomed. Rents have already reached the point of diminishing returns where any further price hikes just drive out customers. Their is no more blood to drink from renters, they are consolidating households and moving back home already. The landlords are parasites that are killing their hosts. We are at the top for rents, there is nowhere to go but down from here unless incomes rise substantial which will all know is not going to happen.

>> No.53475356

Is there an easy way to find all these guys so I can follow their demise? Like a lolcow site for brrtards. I would pay a subscription for that.

>> No.53475359

>>53475270
>they are consolidating households and moving back home already
This is literally what’s happening.
These retarded wannabe landlords that need to charge the high end of the market price to make their numbers are counting on their rent cattle to magically keep paying higher and higher prices for rent went everything costs 50% more and wages are mostly flat.
We are so close to people just flat out refusing to pay landlords and stealing groceries and so many people still don’t see it coming because they live in a different world

>> No.53475368

>>53475356
Id start with his YouTube and you can also check the nigger pockets website and r/real estate

>> No.53475592

>>53474724
>>53474803
Classic case of the greater fool theory. These investors are playing a game more like musical chairs. Except the man without a chair is the one left holding the bags.

>> No.53475648

So why don’t they make money?

>> No.53475667

>>53475177
Falling for the "um excuse me, I'm a intrapreneur" meme.

>> No.53475674

>>53474724
I wish that high interest rates kill the real estate market in Germany as well but I doubt it...

>> No.53475687

>>53475648
They missed the boat. Just like people that bought bitcoin at the top. The people flipping houses around 2011-2018 were making bank. These people were working with the scaps the early people didn't want to touch.

>> No.53475766

>>53475356
I am following a handful of channels....the problem is that they will just delete everything once they know they're insolvent

https://www.youtube.com/@AustinRutherford
https://www.youtube.com/@SamFasterFreedom
https://www.youtube.com/@ThachNguyen
https://www.youtube.com/@JacobBlank/videos
https://www.youtube.com/@MGTheMortgageGuy
https://www.youtube.com/@BellaSloanEnterprises

there are more on TikTok but I fucking hate that platform so much I'm not linking shit here

thinking about making a super simple aggregator site or something and pinning fed rate hike decisions against specific videos like that one where the retard took the $500k loss, these guys are absolutely delusional when it comes to tail-risk management, they should have sold everything in 2022 and fucking chilled out but something is compelling them to continue failing in the current market

one thing I've noticed is how desperate they are to maintain an "audience", I have a major feeling that they are relying on social media as a source of revenue to continue their charade and that they'd be way further under without it. very interesting turn of events.

I realize a lot of people here are going to just kind of disregard these dumbasses immediately but I think there's something to learn from their hubris, personally.

>> No.53475818

>>53475687
Thanks

>> No.53475838

>>53475687
I noticed that most of these channels only have history going back 2-3 years so you are definitely correct

>> No.53475908

>>53475766
>I realize a lot of people here are going to just kind of disregard these dumbasses immediately but I think there's something to learn from their hubris, personally.
objectively, there is something to learn
even if only that an absurd amount of people can make money talking about making money nevermind the possibility that this is what keeps them from going under
when real shit goes down, no-one is telling people how to MAKE money but how to SAVE money
a complete flip of the current situ

>> No.53475927

>>53475766
Based and thank you. Its very educational. If you are going to make investment decisions you need to know the type of people that are out there. These degenerates are very important variables and had I not seen them for myself I would not have believed.

>> No.53476176

>>53475104
>>53475270
Housing threads always bring out the trannies

>> No.53476250
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53476250

is anyone old enough to remember what happened to HGTV, the home improvement channel during the 2008 recession? Its a curiosity that comes up since both these youtube channels and all of the programs they host on tv share the same exact thing. They all involve rich and upper middle class people that have never touched a hammer in their lives, being overleveraged and buying run down houses and throwing stupid shit at it to upsell for a profit.

>> No.53476264

>>53476250
It works until it crashes jew

>> No.53476313

>>53475838
Back 2-3 years was also when these peoples home/investment equity started to balloon. That's where a lot of these 'cash' buying investors were coming from. These BRRRR investors were effectively buying on margin with their existing properties though cash out refinance and HELOC. But unlike with stocks that can be quickly liquidated and don't require upkeep cost. Homes are hard assets that can take weeks if not months to relies gains on. The whole time that house is sitting there the maintenance needs to be kept up on, property tax needs to be paid, and the utilities need to be kept on.

>> No.53476357

>>53476250
Was it even around then? I don't think it was, or else it was an entirely different format without so many of the "throwing millions of dollars that I borrowed at a shithouse shack and trying to flip a profit" shows

>> No.53476428

>>53476250
The housing crash and ensuing decades long fire sell of homes was the best thing that ever happened to HGTV. They had never ending supply of fixer-upers till covid happened.

>> No.53476447

>>53475270
>Their is no more blood to drink from renters,
Thank you, holy fuck, I dont even fucking care about renting but this is gay.

>> No.53477177

>>53475270
I moved back in with my parents about 3 months after COVID started. I work remotely now, so there was no need to stay in the city. Now I get free hot meals from my mom and sister-in-law, and instead of paying rent I just help my parents pay their bills (which is substantially less than what I was paying for rent).

Fuck this housing market. I ain't buying or renting SHIT unless I can get it dirt cheap at this point.

>> No.53477262

>>53477177
Agree completely, apartments in the building I had move out of 11 months ago because they tried to hike the rent by 600 a month is already listing apartments again for less then i was paying a year ago. No way I would leave home and go back for even 2/3rds of what I was paying back then. All of my friends are of the same mind lately, everyone I know under 30. Every single person has moved back with family or friends who own, or are living in RVs now. It is over for the landlords.

>> No.53477341

>>53475766
Literally join Kiwifarms and make a thread

>> No.53477381

Housing is a completely fucked up market in so many ways. Feels best to just stay away from it until it explodes

>> No.53477535

My rent is $1600 for a town of 7000 people. Is that bad?

>> No.53477576

>>53477262
>Every single person has moved back with family or friends who own, or are living in RVs now
kek same, most didnt even move out and the most "independent"(lol) live with roommates like broke college students

>> No.53477733

>>53477576
It’s hard for me to justify spending an extra $1,000/mo just to not have a roommate but I’m getting to the point where saving money is having diminishing returns relative to my quality of life and I’m just going to have to earn more money to keep my budget %s the same but improve my QOL.
This is definitely my last year with a roommate I can’t do this shit anymore man.

>> No.53477890

>>53476313
What do you base this on retard? Show me where there’s any evidence that most homeowners took out help s go buy new houses. What is it? .00001% at most? Dumbass

>> No.53477934
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53477934

>>53477890
Open wide for the spoon

>> No.53477956

>>53477890
>Homeowners are sitting on an estimated $20 trillion worth of home equity, boosting the demand for home equity lines of credit and home equity loans.

HELOC activity grew to the highest level since the first half of 2007 in the first two quarters of 2022, according to CoreLogic.

During that period, lenders originated more than 807,000 new HELOCs, totaling almost $131 billion. Both HELOC counts and amounts have increased by 30% year-over-year in 2022.

https://www.usatoday.com/story/money/2022/11/10/home-equity-line-credit-applications-surged/7999537001/

here you go retard, HELOCs are the new subprime.

>As mentioned above, your HELOC credit limit is tied to your home’s value, among other numbers. While your lender considers the value of your home when you apply for a HELOC, it evaluates your credit line and ability to make payments over the entire loan term. If something has changed dramatically since you secured the loan, your lender can reduce or freeze your HELOC.

when your HELOC is frozen you are fucked, it is effectively a margin call and you can no longer borrow against the equity in your house.
IF housing values decline, and rent values go down, then you will see retards like in the video OP posted get ass fucked to oblivion. He has $40M in equity on rental properties and probably $100k in cash at any given time.

>> No.53478133
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53478133

>>53477381
>>53477576
>>53477956
Things might be bad for DebtMaxed Landlord. But they are about to get a lot worse lol. The average consumers pockets are near empty. Downsizing is next, we are already seeing it.

>> No.53478515

>>53478133
Damn that's really bad.

>> No.53478644

>>53477341
Based.
>>53475766
Like anon said above, make a thread and archive everything. Theres a few good threads on kf about how to archive. I think a brrr imvestor general would go in either the community watch or the bidness subforum.

>> No.53478698

>>53478133
>The average consumers pockets are near empty
Thanking about it now, I wonder how much of this was people rushing to buy houses. If you look at where it peeked and then fell off a cliff when the house buying frenzy started. There's basically fewer people now left with down payments saved.

>> No.53478785

>>53474724

Everyone still thinks that they can "just rent" their shitty property they overpaid for.

I once overpaid for a car. Thank god it was a car and not a house. A bad car purchase would set you back 2, maybe 3 years, and you still get to drive it (usually). A bad house purchase will set you back a decade at minimum and you never own it (taxes).

Every house on the market where I live now is a flip. EVERY SINGLE ONE. The homes I wanted 2-3 years ago were bought over asking by "investors" who immediately turned them into "rentals" some of them have been sitting on the rental market for many months now. I saw more than a few properties that were bought, flipped, no buyers, so then these idiots try to rent them for obscene amounts. I hope every flipper rots in hell.

The RE delusion has reached a new peak, eclipsing 2008. Now RE agents are advising customers to make serious concessions or "hold onto the property until the market improves in the summer!" I've seen lots of properties taken off the market, probably at the behest of RE conglomerates to fudge the availability numbers.

We are oversupplied in America with homes. There is no shortage of homes, at all. There are enough homes for everyone to live cheaply. RE companies and people are holding these properties like De Beers holds diamonds.

>> No.53478801

He owns 40 million of rental properties he bought without using his own money. So he's 40 million in debt? What's the point of going in debt that hard to own some houses that make next to no money renting them out? might as well spend that 40m on a huge apartment complex if you want renties.

>> No.53478833

>>53476313

dont forget that almost every jurisdiction in america raised property taxes this year or last year. What we are seeing is apocalyptic. The end of the RE market for at least 10 years. Even if the fed lowers rates this year, if 2008 is a guide, the housing market won't bottom until 2025/2026

>> No.53478867

>>53478785
Just ready a story about that. Landlords are holding back units from the market to keep rent prices afloat now. If all the actual inventory was listed the market prices would fall dramatically.

https://apple.news/AT_9uEETJQ--KL5ZA2-I4Lw

>> No.53478888

>>53478833
Two more really good data driven analyses that debunk the millennials are driving the housing boom, and the idea that RE is a good inflation hedge. These really tell the story of a Bubble on the verge of collapsing like a shitcoin.

https://reventureconsulting.com/how-hgtv-and-alan-greenspan-created-a-perpetual-housing-bubble/

https://reventureconsulting.com/millennials-boycott-the-2022-us-housing-market/

>> No.53478978

>>53474724
>Fed has no intention of pivoting
Next week will be the final rate hike and they will start to cut rates again before the end of this year. Wall Street knows this which is why everything is pumping again.

>> No.53479000

>>53478978
Wall st didn't predict the original hikes

>> No.53479004

>>53478978
they setting up their shorts bro

>> No.53479012

>>53478978
Retarded gorilla nigger

>> No.53479073

>>53477535
very

>> No.53479082

Anyone got the YT/tiktok video of the 30y/o dudebros bragging about how many units they "own"?

>> No.53479230

>>53478978
Pretty sure there are two 25bps hikes and holding rates until inflation is 2% then cuts
I am pretty sure Powell has said this many times

>> No.53479231
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53479231

>>53479082
sorry no i do not, but i know the exact video you are talking about lmao.

>> No.53479249

>>53478867
People can consolidate, get room mates, and move back in with parents longer than they can stay solvent I bet. I mean Landlords are basically waiting for wages to catch up, but I doubt they can wait that long.

>> No.53479266

>>53475104
Yes, owning nothing and liking it is your future. Maybe the government will euthanize you at 60 if you're lucky.

>> No.53479275
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53479275

>>53479230
You only listened to the part you wanted to hear I think. I could turn out to be a quarter point hike but that is 100% dependent on the incoming data and their outlook at the time of the meeting. Fed "Guidance" is just that guidance, not a hard commitment. If conditions change expect changing rate conditions.

My best guess is the presidents will be disappointed in the markets easing, and more hawkish as food, fuel, and services are still red hot.

>> No.53479330

>>53479266
Nice false dilemma, but not buying an overpriced house with high cost debt does not = owning nothing. Housing is not the only investment vehicle available.

The post you referenced and I are simply arguing that housing given it is a basic human need, illiquid, and comes it high holding costs think it should not be treated as an investment vehicle but rather as a commodity. To be traded, but not to be speculated with or to be collected using leverage for rent-seeking activities.

>> No.53479389

>>53479275
I think you hearing what you want to hear.
Powell has not said anything about rate cuts at all. Inflation gain has slowed, inflation is still here. All hikes so far have only slowed inflation growth, now they need to actually reel in inflation from “7%”to 2%.
There won’t be any cuts until q4 23 at the earliest. Which will make sense because they want 24 to be a bull year anyway for elections.

I believe 1 year at 7-7.5% mortgage rates will be enough to skullfuck every BRRR faggot. With real estate being a pretty illiquid market (in normal markets), and with a current drought of buyers, these stupid faggots might be what causes valuations to actually torpedo

>> No.53479643

>>53479389
Think I actually agree. I am with you 100% on high rates through end of 23 and the need to break the back of the housing market to get shelter inflation under control.

I however expect further hikes and a longer pause will be needed then they have put out as current guidance. I am fingers crossed for for a half point hike in Feb. based on inflation still being strong in services and food and based on the bond markets starting to ease on their own which works cross purpose to their policy rate.

>> No.53480173

>>53479230
Powell has been incredibly clear and even going as far as to say “we’re not even thinking about thinking about pivoting yet”.
It’s funny how the mantra went from “don’t fight the fed” to “this time it’s different” and none of them see the irony with it. There’s people who’ve never stopped being bullish since 2020 and they’re all bagholding + desperate

>> No.53480193

>>53474724
In spain you can occupy empty real estate and the owner cannot do anything about it. Coming for germany, too. God i love europe.

>> No.53480208

>>53475359
>We are so close to people just flat out refusing to pay landlords and stealing groceries and so many people still don’t see it coming
These things are already happening. The moritorium on evictions during covid had plenty of people not paying rent for 9 months or a year or more then fucking off and never paying it back. I personally know someone who did this and it didnt even affect their credit. Why wouldnt you? Also basically every city of a certain size in america has had riots and looting in some form or another in the past 2 years, while places like nyc and sf have all but stopped enforcing petty crime laws.

>> No.53480247

>>53478833
The longer the better I need time to save money for the cheapies

>> No.53480307

>>53477177
How often do you bang your sister in law?

>> No.53480348

>>53478978
out of touch moron
>>53479230
fed rate is going up to 5% this year
it will take four more .25% hikes to get there

>> No.53480362

>>53479389
there isn't going to be any rate cuts this year
powell has flat out said the fed rate is going to 5% and holding into 2024 indefientley

>> No.53480982

>>53480362
moving up to 7% real rate in 2024 isn't off the table. how quickly we get there, I have no idea.

retards like the ones I posted are still solvent. somehow.
Powell wants to clear out all the dead wood and knows it's going to take a lot and they are absolutely fucking committed.

so the real question is where do the cracks start showing first? supposedly a lot of the most overpriced markets are starting to dump back to 2019 levels (Austin, Vegas, etc.)

Mortgage applications are literally lower than 08 right now according to this guy:
https://youtu.be/sOB4qpdwaUU?t=334

so IMO that's a leading indicator for building cancellations which will come next. after that construction layoffs, BRRRfags go completely bankrupt and then we buy in late '24 to middle '25 assuming Powell doesn't get assassinated or replaced with a keynesian evil clone.

>> No.53481332

>>53480982
just in time for the halving, god willing

>> No.53481381

>>53475766
Some months ago an anon posted a link to forum posts from 2006-2008 full of retarded real estate advisors saying the same copes they use now.
It was gold but I didn't save it

>> No.53481925

>>53475270
I need to see at least ONE good graph indicating this. I have a hard time believing any of this when people around me happily pay a third of their salary on rent like baboons

>> No.53482262

>>53480982
>BRRRfags go completely bankrupt and then we buy in late '24 to middle '25
Then you woke up for your dream, schizo bobo retard. In reality we had a recession in 2022, the S&P 500 crashed 25% BTC crashed 75% and (You) refused to buy in because you're a poor greedy loser like every other bobo. You'll FOMO in later this year when the S&P hits 5000 and BTC is over 90k. A severe real estate crash would be around 20% down from the peak, and since the market crash is behind us we know that isn't happening.

>> No.53482464

>>53474820
>that guy is an expert?

Lol no. By his own admission he's been in the real estate biz since only 2018-19 or so.

>> No.53482740
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53482740

Bumping this. So is there a greater lesson to be learned from the perspective of those who use leverage to get wealthy rapidly? Surely there is something revealed about the nature or money/capital through the BRRR method?

>> No.53482802

>>53482740
To be fair, I think SamStar makes some valid points about how debt can be used to create money, but like every other greedy fuck he doesn't know when to quit. I mean really, 40 million in debt in a field you have less than 5 years of experience in? Why do such a thing? It wasn't good enough for the guy to cash out at maybe 2-5 million and just live a simple life?

>> No.53482969

>>53482740
There’s lots of examples of this throughout history. I’m reading a book right now called When Genius Failed. It’s about a group of highly esteemed academics turned traders on Wall St call Long Term Capital Management and how they gamed the bond markets with massive leverage. They kept their trades and methodologies incredibly secret but they’re not the only smart people so eventually the rest of the market caught in and bond arbitrage became a relatively crowded trade. With that market drying up LTCM took riskier and riskier trades while still using their massive leverage style to maximize earnings. Long story short the fund blew up and had massive contagion effects because of how many lenders were giving them crazy amounts of leverage.
People, even seemingly intelligent and calculated people still get greedy and have egos.
Average people, while not as fast, can’t help themselves but to get a seat at the table where they see everyone else eating and taking a piece for themselves. Eventually there’s no meat on the bone and people are fighting for scraps.
This is what’s been going on in real estate for a solid decade.
Everyone and their mother wants to be a landlord and a real estate investor and get that passive income bro.
Everyone is bidding up properties to give less and less of a return.
First it was all about cash flow and someone paying off the loan for you.
Then it was well the property is negative cash flow but the appreciation is so good it’s a huge return on the down payment invested.
Then it was interest rates are so low you have to lock in those rates for 30 years because it’s free money.
Now that it’s fucking obvious to everyone except people who bought the top, delusional sellers, and agents, that the market peaked the copium is flowing
>inventory is low
>no forced selling
>buy now before rates go up / 2% rates are never coming back so just buy
>the economy is actually strong
>you’ll be priced out forever/new paradigm

>> No.53483030

>>53475674
lol no way. they target 90 mio inhabitants for germany in 2030. do you know what this means?

>> No.53483057

>>53482262
>S&P 500 crashed 35% BTC crashed 85%

Except these didn't happen and you're still coping. Bitcoin to 10k and S&P to 2900 isn't even that unreasonable; it's literally the historic trend

>> No.53483092

>>53482262
Markets crash at different times at different velocities retard. Are you some retarded hoomer?

>> No.53483102

>>53475359
>and stealing groceries
that will last for a about 3 days and all the storesw ill close permanently
then we are about 3 days form all out anarchy/civil war

this is what the lunatic left fueled the fires of and ignited by pushing so hard on promoting LGBTQBLMs2+

>> No.53483124
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53483124

>>53478133
>already in a recession and we're about to moon warning

>> No.53483139

>>53483102
I am ok with this

>> No.53483214

>>53483057
10k BTC is laughable and delusional, 2900 SPX is so delusional it isn't even worth addressing. You will be lucky to ever see SPX under 4000 again, and you will NEVER see the 3500 low again.

>> No.53483322

>>53483214
I literally remember people on Twitter a year ago making it sound like $13k BTC was considered outrageous and no real analyst would suggest prices that low. Now people are saying it's not low enough. Same thing with $20k being unbreakable support. How did that work out? Maybe don't try to be so sure of what price can and can't do because you don't have a fucking clue.

>> No.53483638
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53483638

>>53482802
>>53482969
Thanks for replying. More to the point is there some way to use leverage without actually using it? It sounds like a dumb question but I remember someone on here saying that "computers/internet" allow for permission less leverage in which you can harness their power/networking effects to rapidly accumulate capital. Seeing the shitcoin/crypto mania that happened on this very site seems to lead some creditability to the idea. Memetic magic via computation?

>> No.53483891

>>53483638
Based on how you’re defining it yeah, that would be called having employees.

>> No.53483908

>>53483891
Not in a brick and mortar sense. For example it's low probability but if you start a shitcoin and make $100 million that's an example of the concept. Such a thing can (and has) been done by one person. I'm asking if there are any other asymmetrical opportunities that we as a group are ignoring?

>> No.53483952

>>53483908
I just gave you an example but as far as ignoring, well idk. That’s kind of the point isn’t it? Finding asymmetric bets or capitalizing on something no one else is doing / has figured out yet. You probably won’t find that info here.

>> No.53484007

>>53483952
Fair enough. The closest I've seen on here is the Midwestern Gen X Wholesaling anon that comes on here and brags sometimes.

>> No.53484205

>>53484007
Wholesaling isn’t new. I don’t really know what you’re asking man.
If you want to leverage time hire employees.
If you want to leverage money use margin.
If you want to leverage your knowledge then learn how to do things / learn about things.
Those are just fundamental concepts that you can apply to anything.
What matters is just finding a general area of a market that interests you. Maybe it’s real estate maybe it’s stocks maybe you want to get into sales or software engineering. Just learn shit and fake action and you’ll keep figuring it out and getting better.
It’s like playing an RPG. You choose your character / class and just start grinding it out. You’ll die a lot and have shitty gear at level 10 but at level 99 you’ll probably be godly. It’s all the same shit man

>> No.53484216

>>53484205
Take action*

>> No.53484228

>>53483322
>20k being unbreakable support
It was unbreakable, it took an extreme black swan with the 3rd largest exchange going underwater to go slightly under 20k for a brief amount of time. Fuck yourself, bobo queer.

>> No.53484252

is there still a good market in giving these retards hard money loans with absolutely ball breaking terms?
>15% interest, 6 month repayment schedule
>lien on personal home as a condition of loan

>> No.53484435

>>53484228
It was under $20k before that you retarded nigger. You missed every opportunity to sell and now you’re a spiteful bag holder who can’t objectively process information and lives in a delusion where he’s right about everything despite being a bag holding faggot. Go get another booster you retard

>> No.53484459

>>53484435
Cope, you missed the generational bottom at 15k. I DCA every 2 weeks regardless of price because I'm not a retarded faggot bear who thinks they can time the market.

>> No.53484479

>>53484459
>I DCA every TWO WEEKS
Hahahahaha
Bro if you actually thought it’s the generational bottom why were you still DCAing? Fucking retards holy shit.

>> No.53484521

>>53481381
I have it bookmarked fren.
https://appraisersforum.com/forums/threads/housing-bubble-bursting.103686/

>> No.53484527

>>53484479
I'm already all in and keep adding more whenever I get money, retard.

>> No.53484566

>>53484527
>I spent all the money I could have used buying at the supposed generational bottom of $15k buying at $60k
Nice job averaging down 70% retard

>> No.53484587

>>53484566
Timing the market over a long period of time is impossible, but you're a bobo so you won't admit this. You'll lose everything failing to time the market.

>> No.53484589

>>53474724
Serious question, how long do these stick and OSB houses even last? What is the actual shelf life? I can't imagine its most than 40 years without having to do massive repairs. At a certain point you should just tear down these neglected shit hole houses and start again, the materials are cheap as fuck anyways.

Having been a construction worker im surprised more houses dont randomly collapse and kill entire families, the fucking workmanship that goes into things is total dogshit.

>> No.53484735

>>53484587
Dude what are you 12 years old? I'm not a 'bobo' or a 'mumu'. I'm a person who over time stopped doing the DCA thing and learned about trading. Yes positional trading is a thing it doesn't have to be live or death on the 15m charts.
I don't give a shit if BTC goes up or down right now.
I don't think the bottom is in.
I don't think this is how a bull market starts in terms of price action.
If I'm wrong, ok cool I'll buy in a little later. You don't have a problem with me not timing the exact pico bottom and waiting for a confirmation do you Mr DCA?

>> No.53484752

>>53475270
>>53475359
>>53477177

there's genuinely no point in living in the cities anymore and barely any point in not just living with your parents. I moved back in with my parents for 8 months while i was waiting to find a new apt in the city, but then when i moved back out i realized all the things that made living in the city worthwhile are gone, i dont even care about finding a woman or getting laid anymore and that was the only real thing that cities provided.

>> No.53484794

>>53475104
It won’t though because many western economies basically depend on this since they outsourced all productive industry to China. As long as you live in le service economy, the housing bubble will be all there is

>> No.53484814

>>53484589
People generally don’t die when the houses collapse because they’re made with light styrofoam

>> No.53484828

>>53484735
You're a bobo and a faggot, trading is a losers game.

>> No.53484844

>>53484814
I honestly can't tell if thats a joke or not. Reminds me of this scene at 3:45

https://www.youtube.com/watch?v=7r2qwx7x5Os

Super Shredder is killed by like 90lbs of wooden planks falling on him lol

>> No.53484978

>>53484844
> the kids name is kino

damn , they knew

>> No.53485981

>>53479230
I feel this is the likely scenario as well.