/biz/ - Business & Finance

I expected this autumn but it might be this summer

>>55395200
Don't forget, people have to start paying their student loans again this fall

>>55395328
People are already struggling. I wonder if they wait so long or if it goes faster this time with the internet and a faster communication with propaganda having less possibility to try to shine another genx turd

>>55395172
House down the street from me just sold for 450k

Instantly listed as a rental for 2400/mo, rented it out in a day

I don't get it, credit isn't cheap anymore, and if you're buying in cash you will do just as well with T-Bills right now

>>55396144
You are experiencing the same social dynamic as during the summer of 2008. Very interesting that despite different reasons the social-economic dynamic is the same

>>55395200
You happening fags are retarded, we won’t have another Great Depression because we are already in it. Living standards are actually worse for the average person now then at time of Great Depression. More people livid with their parents in their advance stages of adulthood then at any time in history

>>55396144
probably a huge cash down payment, if not an outright cash purchase. the property wouldn't cash flow with anything less than like 50% down. but to your point it raises the question: why the fuck would you dump $225k into something that barely cash flows and carries considerably amounts of risk (real estate downturn, fire or other natural disasters, bad tenants, etc.) when you can get 5% risk free on short term t bills.

Section 8 sets the floor of rents the same way Medicare sets the floor of medical treatment. Without massive structural reform that will result in the George Floyd on steroids, rent don't go down.

Even when speculators lose their properties, rents don't go down. They're taken by the bank, and held for a 1-2 year right of redemption period where squatters cut the copper before being sold to a gentrifyer, and it's just one less place available for rent.

>>55395172
>I have 2 options
>but one option is impossible
>im just coomplaining about what I have to do
t. typical redditoor

>>55395172
this seems like slower scale version of crypto staking. Once people start trying to run for the exist the whole thing will collapse. Maybe to a lesser degree

>>55395200
adjusted for inflation stocks are still underpriced

>>55395172
funny. its almost as if you do what everyone else is doing you get slaughtered. is it really that simple? just be a gay contrarian?

>>55396290
I believe lots of properties are being bought up not to turn a profit, but a safe storage of wealth in 'economically safe' countries aka the west. In the case of the USA, if I was a rich chines/Indian/jew. I would buy up lots of property to protect my wealth over seas because they are flooding the west with millions of "refugees" that take on debt and need a place to live that is provided to them with tax payer money. The property value is always going up and demand is still high. However, this is no longer the story as it seems the credit cards are maxed out. Property values as well as rent in my area of the PNW have been getting monthly 2-5% cuts while the properties are not being bought/rented out. Property values are still horribly overpriced, but you can see the sellers/landlords are starting to get desperate. The rent to own advertisements have exploded recently.

>>55395172
>investing money into rent to get 2% back when global stocks pay 2% dividends and the REIT index lays 4-5%
fucking why

>>55395172
Location x3
My rental is returning an average 2.0%/mo because I bought with cash in a resort town back in 21. The property is up 59% since then.

>NOOO I FINANCED A PROPERTY JUST TO RENT IT OUT AND SUCK WEALTH FROM A FAMILY OF 5 AND PRICE 20 YEAR OLDS OUT OF THE MARKET NOOO I CAN'T LOSE MONEY ON THIS
eat shit parasite

>>55396475
Unironically yes

>>55396718
not sustainable.

>>55395328
oh i cannot wait. The neetcucks that owe debt are going to be SEETHING.

>>55396144
sharing walls with people is for subhumans (and yuropoors). People want their own space, even rentoids. This doesn't shock me at all

>>55396475
People have been culturally engineered to be the perfect serfs in an open air usury prison. The market is driven by people, not money. Control the people, you control the market. Student loans that you cannot default on are hilarious and high schoolers taking out these loans when they do not understand compounding interest are even more hilarious.

I'm going to jack my dick raw over the hoomercaust.

>>55396958
>t. Serf

this is exactly why I sold rather than become a landlord

>>55398579
Debt free pure blood, my man.

>>55395172
Most landleeches are complete retards who have no idea what they're doing

There will be mass defaults by overleveraged landleeches soon

>>55399121
>Forced to sell 735k properties
>Exacerbate S&D crisis
lmao

>>55399121
Yea I think in theory the idea is "Waittt a minute. You're telling me I can get a 1% interest rate mortgage on a house, rent it out to cover all the expenses and the equity on the home will double in 10 years???? Sign me up!"

>>55396718
Do the math on 59% increase every two years.

>>55396793
>>55399149
You're right it can't keep going up unless it does. I hope so, I'm positioned to buy more property if the correction happens.

>>55396234
Not a Zoomer, I was alive in 2008. 2022 felt more like 2008.

This feels like 2009, where the only people who could buy homes were cash buyers because banks held the properties and wanted cash.

You also have inventory suppression like in 2009-11, where banks were reluctant to dump their foreclosures and crash the market further.

>>55395328
>it's now illegal to prevent student loan payments any further due to most recent budget
lmao you took the loan pay up wagies!

i thought blackrock and chinese were buying up everything

>>55396328
What happens when all speculators start selling at once ?

>>55395172
Literally nothing. Wake me up when we're in a big boy recession.

>>55396290
You would not believe how much of the real estate market are 100 IQ normies who somehow have 6 figures to slosh around without really knowing wtf they're doing

>>55396144
That seems like a terrible investment even if they paid in cash it would take 16 years to break even and thats not accounting for property tax, insurance, maintenance, and assuming the tenant never moves out

>>55395172
Nuke the markets Jpowell

>>55395172
>>55395172

Assuming he would still be profitable or at least nearly break even on the properties he could just eat the insurance increase and take less profit in order to ensure no turnover. No turnover is probably more important than squeezing out as much profit as possible because if he can at least maintain then he is likely building some equity and can wait for more appreciation. If you are barely making it losing a tenant will suck you dry

>>55396480
>The rent to own advertisements have exploded recently.

I've noticed this in my area as well

>>55396250
Only difference is shantytowns are illegal because of (((zoning laws)))

So anybody unemployed that can’t live with parents or roommates goes homeless

>>55396250
>Living standards are actually worse for the average person now then at time of Great Depression
I don't believe it. Weird food traditions haven't been developed yet.

>>55399133
The saddest part of all is that still wouldn’t solve the crisis. We’re around 2m units short still

>>55399934
Most people eat 2 goyslop meals a day. Wtf are you talking about?

>>55396382
>official rates are real

>>55399963
Goyslop ain't onions and ketchup.

>>55400031
>>55399963
>>55399934
I live a basic life and do my wagie, come home, play vidya, and save money.
I earn $30k a year, and my expenses are $40/mo bus pass, $40/mo cell phone, $500/mo rent, and $10/day food (that's my budget for consumables in general, averaged out. I don't actually eat $10 worth of food a day). I save everything else, and manage to set approximately $10k a year aside in various well-diversified assets.

Most of my coworkers live pay to pay and either have families, bills, or buy red bulls every day. My lunch consists of 2 hot pockets and soda. At home I cook a proper meal and never go hungry. I am not fat.

Anyways, I feel like I cannot get ahead, nor can I fuck up either. I'm a stable entity in my own and others' lives. They'll need it.

>>55396144
people think housing will go up, the rent pays the mortgage, they collect on the appreciation.
people are stupid.

>>55396144
People don’t know how to invest in T bills. Imagine a normie retard navigating treasurydirect. They’d rather mortgage a new property

>>55396475
>>55396775
Unironically no

>>55400055
Sounds comfy

>>55400092
This is what I'm getting when trying to itemize it.

If you use the property as a rental, you get to deduct depreciation (3.6%) and you gain equity (minimum 2% inflation). On a 450k home the 2% inflation is $9,000, and if interest rates fall it's going to be even more than that.

Depreciation is more difficult, only the property is deduct-able. Homes are roughly $150/sqft to build, so a 1750 square foot home has a 262,500 value. At 3.6%, that's a $9,450 deduction.

They also get to deduct their property taxes (varies, $4,000/year) Their deductions in total are $13,450, people paying 450k cash in investments probably have at least a 35% tax rate, so they're saving 35% on 13,450 or $4700.

They will have to carry home insurance (varies, $1500/year), pay someone to manage it for them ($1500/year), pay property taxes (varies, $4000/year), and whatever maintenance/repairs come up (varies, $1500/year). So they have carrying costs of roughly $8500/year, even with an all cash purchase.

Rental receipts: $28,800
Taxes on rental income (35%): -$10,080
Tax savings + 2% inflation on 450k: $13,700
Carrying costs (insurance, prop tax, maintenance): -$8500
Net profit: $23,920

So they're getting 5.3% on their 450k cash.

If they went with T-Bills they would earn 5% but they would have to pay 35% on that interest income without any deductions. That brings T-Bills down to 3.25%.

>>55400096
For me, I'm >a fucking leaf, so I just log into my TD broker account and choose a category from picrel and then it lists all the market orders for fixed income with bid/ask yield, YTM, etc. Do normalfags seriously have problems with that?

>>55400187
It's okay. If nothing else, I'm the funny guy that makes everyone's day a little better while they grind away and be miserable.

>>55399934
Modern era they refer to it as struggle meals, and it's getting worse. Some people are literally living off cup noodles in the usa at this point while working. Anyway back on main topic, rentals are going to fall using overbought data in most locations, the only reason prices didn't drop as hard is even if a house sits at 200k for 2 years and then sells for that amount, you have lost value due to inflation devaluing the money that could have went towards a inflation positive investment. In addition there is the property itself losing value due to wear and tear without counting what a tenant screws up. P.S. >>55395172 you forgot all the shitty airbnb places that are underwater, pull up what happened to hotel chains during financial hiccups and now graph that onto those vacation house properties.

>>55399121
Then the banks foreclose, get all the properties, and get bailed out. Just like last time.

>>55400199
Fucking nice post. Thank you anon

>>55400199
Thanks for bothering to post here, high iq anon

rent can't get any higher, because they can't kick us all out.

>>55400199
Thanks, much appreciated. Saved.

>>55400396
There wont be a bailout this time. GenX got 4 bailout and fucked them all up. Last gift by Boomers before going out, bankrupt GenX

>>55400199
>Their deductions in total are $13,450
the standard deduction is $13,850 for single filers. are you really coming out ahead in this scenario?

>>55396947
The shocking part is that someone would spend that much just to rent it out for such a low amount. Obviously if you don't expect the house to majorly majorly appreciate it's a bad deal.

>>55399789
That says commercial you ninny, we're talking about housing not business rentals.

>>55401759
Both are going to suffer.

>>55401783
>>55401783
Very true but the last few years will look very different on non commercial real estate which has already started to crash in some areas.

>>55395172
Yes, pretty much all amateur land lords are idiots

>>55396745
You sound poor. And mad

>>55401799
Commercial is declining not yet crashing, private is currently in the retard dip buyer phase, women taking huge mortgages to "rent" out for "passive" income. It's going to be a giant shitshow

>>55395172
>leverage
you get what you fucking deserve

>>55401867
They are all betting on a bail out by the public, and if they try it's going to be bloody, very bloody with bankers and politicians hanging

>>55401952
nothing will happen
everyone i know is ready to kill
but the rage isnt there

>>55402040
Nostradamus predicted how it ends. The copies of gold and silver in the lake of fire. What do you think happens when all those with nothing but shitcoins btc included or paper gold get rugged on top of home owners, parliaments are going to burn, banks are going to be blown up and the good part of town is going to be erases

>>55402065
The 'fire has been rising' for a decade now (or more) and the only interesting civil unrest we've seen was niggers burning their own cities and Q tards taking a tour of the capitol building

>>55402097
It has to start somewhere. And remember Niggers and other minorities are very invested in shitcoins. Together with women and millennials getting rugged on housing and stock market gambling the barrel is going to explode; and GenX the ones that profited the most from 30 years of failures, hanged from lamp posts

>>55396935
why would a neet have student loans? A neet didnt go to college. Its retail cucks that are going to be seething.

>>55402294
What. A neet wasn't always a neet retardo. A neet decided or was forced into neetdome for different reasons

>>55400199
Blessed content

>>55395172
Yea the system is cannibalizing itself.

>>55402122
Based gen x hater.

>>55400199
>house
>have to do all the maintenance and upkeep or spend some of your profit on hiring a company to do it for you
>t bills
>do absolutely nothing for 6 months then repeat
I know which one sounds way easier for a lazy shit like me

>>55400641
>>55400683
you 2 are retarded. the math >>55400199 posted didn't make any sense, it just sounds smart.
@ $2400/mo, at most they're making $10k after everything on their 450k CASH investment, which is around ~2.2% anyways.
if they're on a mortgage, it's obviously going to be terrible.

>>55399922
Homeless camps ARE Hoovervilles.
>>55399934
>Just eat less avocado toast
Started years ago. Chicken thighs have replaced breasts as the big family pack stock at stores. I save grease/fat and I've had to eat out of the trash more than a few times - Boomer parent throwing away perfectly good food while I'm trying to subsist on $20-$30 a week. I think that's the crux; poverty and plenty are happening in the same communities and even households these days. Boomer parent "accessorizes" with their food, random shit staying in the fridge or cupboard for months, uneaten. Every crumb I buy, I eat.

>>55399947
I think this is a lie. Prices haven't dropped because it would be catastrophic if they did, not because the fundamentals of the housing market support them. They're lying bigger to cover for earlier lies.

>>55403218
450k property at 20% down for an investment property is around 100k cash investment after fees.

>>55400396
The bailout thing is extremely complicated now because of the inflation dynamic. They went too crazy in the runup and aftermath of the 2020 election, both candidates essentially campaigned on giving out free money and ruined it.

are these politicians stupid and short-sighted enough to bailout again to avoid being on the hook for the downturn? maybe. the problem is it won't accomplish anything at some point. the bailouts effectively works exponentially less each time it is applied.

the 08 bailouts? well those did the trick for more than ten years. the 2020 and 2021 bailouts? its late-June 2023 and they already seem to have run out of steam. expect the next round to only last a few months, if that.

still I don't think this will be a 2008-level happening.

>>55399733
No, I don't think I will

>>55400259
>Some people are literally living off cup noodles in the usa at this point while working
How much is one of those? How much is a 10kg bag of rice? Pasta? Beans? Bulgur? Lentils? Making a big batch of stews, curry and similar cost fuck all.

>>55403721
Ya that's what I do. Buy ground pork and beef on sale. Freeze and use when needed. Large pots of bolognes in a 7 qt dutch oven I got a long time ago for $40 CAD. Carrots, celery, mushrooms and pretty much anything else that's good price at a time. Freeze packets of the meat sauce and use when needed. 10 lb bags of potatoes routinely go on sale for like $3 CAD. Rice @ $13 CAD for lb bags. I'll make large batches of mash potatoes with garlic and bacon (stockpiled when on sale at $3.49 CAD for 500g bags of bacon). Freeze portions use when needed. The rice I'll do stir fries and fried rice with meat that's on sale. Pork goes on sale. Cube it and light batter/seasoning fried then goes in with stir fry. Whole chickens go on sale. So I'll roast the whole thing and shred it for parts to split up in to portions. Will just roast potatoes carrots etc in the roasting pan with chicken (after stuffing it with lemon onions and garlic ofc). Leftover chicken carcass gets made in to a stock and soup.

People really don't know how cheap it is to cook since they have absolutely no clue how to make meals themselves. Or make meals out of food available.

>>55403846
10 lb bagged rice*

>>55403846
>just spend half of your waking hours cooking bro

>>55401853
Antagonizing poor & mad people usually works out for property owners

>>55403906
its an hour or two of prep at max, and then the crock pot or oven takes care of the rest.

>>55403906
>he doesn't know how to slow cook and do other things while it's cooking on it's own

Also. You ever wonder how when you go to a restaurant. They're capable of feeding 100-200 people a night. Yet when you order food it comes to the table in like 10-20 minutes. Well it's all the prep they do. But I'm one person. So by prepping I can quickly make meals. And make a lot of meals once. And using my chest freezer and vaccuum sealer I can stretch meals out over months...

>>55396935
I feel like a Boomer because I went to an online college and, whether you think that is a waste or not, I finished so quickly that I paid off the entire program with like my first four paychecks and have no debt

>>55399733
Ain't paying shit

>>55403562

Thinking it won't happen means its gonna happen but in worse level than 2008. We are heading towards ww3 either way.

>>55403950
This

Also, doing the same as >>55403846 but taking it a step further planting my own veggies (I live in the city but got about 80sq meters of garden). Gf and I use raised beds, containers, pots etc. to have a variety of veggies, herbs and fruits all year round. Saves up a ton on money. We buy our meat directly from a farmer a few miles out and it's a lot cheaper than the supermarket.

>>55403562
The solution has always been to let corporations collapse, raid their IP and braintrust and give it to non-Boomers who will actually do something with it, and backstop actual humans with food and shelter. Helicopter money for normal people is inconsequential other than to their morale and ability to survive; it's the big business giveaways that make it so that the institutions that actually caused the trouble never have to face any consequences that are the back-breakers.

>>55404898
>Non boomers
You mean GenX. Boomers have been out of private sector for about 5 years. But agree. Kill the zombies, let the vultures pick em clean

>>55404945
>Boomers have been out of private sector for about 5 years.
Oh, if only. I know multiple who closely guarded their institutional knowledge and positions right up until the second before "retirement." And since they didn't prepare anyone to take over their roles, the company has to call them in as "consultants" constantly, at a multiple of their old pay. This has happened to so many companies that there's basically a sub-job market floating above the main one, only open to Boomers with decades of experience.

>>55400055
I live just like you and I'm top 5% earner in this 3rd world shithole
Your standard is still too high for united globohomo

>>55403846
basically the same
came up with some meat onion sauce that I cook for a 5-6 days of food ahead, then when I want to eat I combine that sauce with a bunch of asian shit and do something similar to sesame noodles with spinach and other stuff that can be blanched for that good fiber
have a healthy meal ready in 10 minutes that I enjoy

>>55399934
People are street shitting in the wealthiest cities in the "state with the biggest economy." Technology improved, but gullible women and niggers of all types poisoned the economy for decades

>>55405674
>>55400259
>>55399934
Look at when women entered the workforce and the Hart-Cellar act opened up immigration to include every loser parasite nigger that didn't share the values of the country they fled to. Every White man has been stolen from and should want vengeance, making our lives shittier doesn't make your life better

>>55405674
>but gullible women and niggers of all types poisoned the economy for decades
That's a weird way to say "banks."

>>55405752
Forgot pic

>>55405754
Banks existed, the federal reserve existed, usury existed when wages were reasonable

>>55395328
Yup. The number of defaults that are going to come from this are going to be legendary. Gonna be fucking wild this fall.

>>55405508
Sounds like typical GenX. Blaming boomers, blaming millennials, whe having received one bail out after the other for his failed zombie software and "finance" as real estate companies and fucked it up by now 4 times

speculating with a roof is absolute kike shit so no sympathy from me to anyone who does it and faces issues
not my problem
no refunds

>>55405916
No. It's GenX. They are scammers that never created anything. White jew generation

>>55405775
Their behavior has changed. If you'd like to know why, without retreating to the comfortable ignorance of bigotry, see here:

https://www.strongtowns.org/journal/2020/8/28/the-growth-ponzi-scheme-a-crash-course

and look up the Nixon Shock. We wasted a literal golden opportunity on roads and wooden shacks and set ourselves up for insolvency. Everything that's happened since has been about pushing the date that that insolvency becomes real further out (and making the inevitable collapse worse in the process).

>>55405906
Nah.

>>55396947
It's for subhumans in the US because you guys can't behave. Dog eat dog, you are just too busy trying to take advantage of each others

>>55402294
lots of stupid neets failed out of school and owe monies :)

>>55395172
its retarded to buy rentals you don't also plan on living in one of the rooms. Make your retard roomates pay most of your mortgage while you're also living there and can keep an eye on them so they don't trash the place.

>>55406211
Yah. What did genx do first? Software, scammed with pets.com. crash, bail out. Then they went on to real estate, 2008, crash, bail out, then they dabbled in finance, 2019/20 crash, bail out, then they tried everything at the same time, 23, this time, no bail out

>>55400199
All 18 of us left to post on this site didn't deserve your post.
Have a vintage Hannah for your work.
Czeched too.

>>55403218
>>55400199
buying property only makes sense if you're

a) living at it to save money on rent
b) anticipate rising prices
I think housing costs are way too high right now, and some new zoning laws will come into play crashing or stalling price appreciation. But if you bought any time in the 20 years prior you'd be rich as hell

>>55406278
That was Boomers, calling shots or funding. Gen X were the dummy dub shock troops.

>>55402341
You're describing a hikikomori. A neet, once receiving education, experience, or training can never go back to being a neet. It's the literal definition of the acronym you tard.

>>55406372
No. Software companies in the 00s was GenX scamming boomers, real estate was GenX, scamming niggers and other Genx, finance was GenX scamming everyone, tech/real estate/finance now is again GenX trying to scam everyone. It's over, GenX won't get bail outs anymore

>>55406392
No, a neet means currently not in NOT in education, employment, or training. Currently. If they were working or going to school before they can still be a neet. I neeted for 10 years after I got my bachelors in geoscience. Decided to Walden Pond larp for 10 years. Wish I had been working any job and throwing it into any investment but altogether no painful regrets.

>>55396475
Not really no
>>55396480
That’s been happening for a long time with Chinese money

>>55396483
>gaining 100% control over an asset for 20% while someone else pays off the debt
>why

>>55406733
I implicated them for a reason. Had a family friends house get some serious fire damage and they went to rent the house across from. Said the land lord was some sketchy Chines dude who hardly spoke English.

>>55400055
There’s no way you’re doing this in the US

>>55406197
Lol, typical. Can't get over being wrong about immigration. Sorry evolution is real, deal with it.

>>55403721
Most poor people are too stupid to do that

when the market falls, just get another HELOC to make up the difference. simple as.

>>55395172
Lol this redditor is just a retard. Rentoids are rentoids because they are dumb, weak and spineless. They will not leave because of a rent increase, on the off chance one of them actually decides to rebel against the LandLord and leave find or create some damages in the apartment and take that deposit, should give you more then enough time to get a new rentoid

>>55395172
remember all the line ups.

>>55406952
Nice try jew, do you have something to offload? Good luck, try nitter

>>55399121
So me and my father have bought several units in cash from businesses that were doing the 5/1 ARM strategy.
Basically they were debt maxxing and charging just enough to cover the payments, then would refinance every 5 years and pull out equity, thus paying near 0 taxes.
Anyways, they got heem'd w/ the rate hikes and between me and my dad we had like 500k in cash and wound up with like 8 units significantly below market value. Raised rates by 30% and have been enjoying 8k/month in cash payments.

>>55399900
Depends on the property type. If its premium and high demand, then the renter can foot the bill. Otherwise, you can just boil the frog. No one is going to move out over $50/month.

>>55406952
*on a long enough timescale

>>55406887
okay chud

>>55406404
The investors and the people who owned the companies were Boomers, Boomer shill. The day is coming.

>>55406793
>Can't get over being wrong about immigration.
The invasion of the German horde has been disastrous for American society, sure. But that mostly predates the Bretton Woods era of prosperity, so they had the tools to do things right despite immigration. Squandered.

>>55407529
Post hand

>>55407512
>t.GenX
Typical, complaining about how Boomers had it easy and shitting on Millennials for being lazy after robbing them 3 times. A shame they didn't all eat shotguns in the 90s

Full Mao on landlords fr fr
No commie.

>>55407562
I have nothing against landlords, I have an issue with the traitors that gave landlords credits

At some point people simply aren't going to be able to pay the rent that landlords are asking and it feels like we are getting very close to that point simply based on the amount of people who are moving back home.

>>55407708
Fuck back off vpn chink and spread your commie shit somewhere else

>>55407723
Suck my dick nigger

>>55401653
>There wont be a bailout this time

>>55400055
Where do you live that rent is $500? It’s 2100 for a 1 bedroom here

>>55403037
>have to do all the maintenance and upkeep or spend some of your profit on hiring a company to do it for you
Anon for goodness sake don't trust those cretins they will leave things till they become a huge problem and only then call you about it they are not at all proactive I encourage you to look up land lords experience with management companies before you JUST yourself.

>>55395172

Financially this all makes sense though. Just considering average housing cost, even with ar roughly 7% interest rate, monthly costs are pretty effectively covered by monthly TC. Everyone right now has a CS degree and makes STARTING salary that is worth a TC of MINIMUM 240k. Everyone has that basically. 4 year degree and projections of upwards of 350k STARTING. Its incredible common now a days since AVERAGE salaries are roughly 240k STARTING. Middle class living.

>>55405674
Strong buy signal for SPLC. This stonk will moon for sure. Super Positive Lunar Colony.

>>55408519
junior devs out of bootcamps make maybe $80k.

>>55400199
Explain how you claim depreciation on an asset that you say appreciated by 2%.

>>55408369
Stop being a communist

>>55396745
This. I've only slightly made it. Anyone who has made it more is my enemy and it feels good to see them lose their wealth.

>>55399922
Well that's a really weird one because slums are illegal in America and will be actively destroyed but an entire swath of a city can be full of tents garbage and yes dead bodies a dead body can be found every single day in certain areas but if the poor people who aren't simply directionless transient Junkies put some plywood and corrugated steel together that will be immediately bulldozed by the city and they will be dispersed America is a weird place like that. It's a mechanism in the system.

>>55399934
I'm not normal but most people I know are eating like a bag of goldfish per day or taking food from their shitty service job we have to redefine home cooking scraps as the mark of poverty to being more really sparse low quality goyslop you'll still eat out it'll just be cardboard garbage with little nutritional value and you'll eat that like once a day.

>>55409367
>>55409379
>>55409403
You need to go back or learn to read a thread before replying like a discord spastic in "memes" like a reddit normal faggot

>>55407708
This might be less felt in certain societies but here for instance the state will push forward with its Wars with its exploitation what have you if you can no longer serve then you'll Simply Be cast by the wayside into that Tent City I posted about a moment ago and another population that they see is more viable broad end to replace you this place is a plantation it always has been the nigger is whoever is here at the time.

>>55406744
> illiquid asset
> leveraged 10x
> pays 2x value in property in interest
> inflation makes property taxes and insurance rise
> in control

>>55409417
>t. over-leveraged Superhost

>>55409428
I will agree woth the other poster that discord spastics legit just communicate in gifs and images

>>55409439
What don't you like? You're might as well just post a sniggering anime Girl and call me a schizo.

>>55409439
If you're upset about the tent city thing I'm saying homelessness is visible by design and population movement is a weapon. I'm not saying let's hand out blankets and clean needles in front of your over-leveraged Airbnb.

>>55396480
>if I was a rich chines/Indian/jew. I would buy up lots of property to protect my wealth over seas
I frequently have to travel to Asia for my work and a lot of my Asian business associates are doing precisely that.
These are not the 1% either, they are just normal guys in engineering. One of them has like 7 properties in the US. He told me he intentionally targets lower income areas for cheap properties and then turns around and rents them out for as much as he can get. The guy is a fucking slum lord and he has never stepped food in the United States. Just completely bizarre. I don't know how a country is supposed to operate like this.

>>55410199
And those are the ones getting rugged on their loans and will make the contagion of the real estate crash in the west a global depression, that kills china and puts India under pressure.

>>55396745
Agreed. Rentiers get the rope before anyone else.

>>55409379
If they started setting up shacks it would be a massive symbol of the permanence of the problem.
If they are just sleeping in the middle of the sidewalk it's easier to pretend that it's just a temporary issue that will get fixed as soon as we give Gavin Newsom more power.

>>55406766
Yep you just have to live somewhere where that is possible. Nope not sharing. Hidden gem.

>>55402122
>Niggers and other minorities are very invested in shitcoins
>Niggers
>Minorities
This post is very offensive

>>55410494
>red bull
>hot pockets
you are amerilard or live among them.

>>55409417
Nigger

>>55410561
Yes. I'm fat and live in a hidden gem. This is true.

>>55409242
Stop being a kike. I'm not advocating that the state owns housing I'm advocating that single family homes aren't vehicles of speculation. Apartment buildings etc are fair game.

>>55409425
>illiquid
Go see how long homes take to sell in your local market retard.
>leveraged 10x
Conventional is 80% so if you put $100k down you are borrowing $400k. That isn't a 10x, retard.
>pays 2x value in property in interest
of*
It depends on the rate. The rate doesn't matter if the rest of the math still works out while considering it or put more money down.
>inflation makes property taxes and insurance rise
It also makes rent and appraisal rise.
>in control
Yes. You can borrow against it. You can sell it. You are in control of the asset you mongoloid nigger.
I argue in favor of renting vs owning all the time but you are absolutely God awful at it and probably <25 and living at home or adult day-care. Get better logic faggot.

>>55410695
>You can borrow against it
And here comes the issue. That needs to be prohibited. Fucking scam

>>55402097

this. happeningfags are the preppers of the internet.

the destruction of the west is simply a slow and gradual slide to be played out over the rest of your life now, not an explosive and capitulative drop. sorry that we ended up living in the boring timeline, but it makes perfect sense after all: we're here because of a period of explosive population growth, not because of anything significant.

>>55410785
Why, and how? I'm not even saying I'm against it or not just wanna see your take on this because I think just limiting the capacity in which one could use such a loan would take a lot of the wind out of the sales of housing speculation and it's consequences.

>>55410867
Would take out a lot of speculation that's the point. Prohibition of using real estate as collateral would end the GenX club of rome jews grift and the chink jews get rugged, making housing more affordable and maybe help to fight demographic decline and close an attack lane for foreign powers to wage assymetric warfare.

>>55395172
homeless cope

12% increase in mom house sales. Enjoy the next rate hikes, this is going to be hardcore. We are going back to 75 bepis. Stupid speculators and "dip" buyers

>>55402097
The social and economic climates are much worse than they were a decade ago. Personally, I think this is as about as bad as people are willing to let it get while standing idly by. The problem is that from lets call it 2013 until now most people just kinda of went with it because it wasn't a big enough deal for most people to interrupt their lives over.
Now there are so many factors and pain points all being felt at once that the water has boiled over and people are pushing back.
Everyone has become more and more aware of and in opposition to niggers, faggots, trannies, kikes, browns, the government, bankers, landlords, military, and police.
While it's not that cut and dry those are the groups I've personally and anecdotally observed getting more and more disliked.
Obviously my POV is going to be skewed but I think it's fairly accurate nonetheless.

>>55410943
All this but youre not opposed to chinks or gooks? What the fuck of course you're skewed. TCD. TGD.

>>55395172
> is it really different this time?
FED Isnt waiting for a crash before bailing out.
>>55395328
If people dont pay the FED will
>>55396250
Agree. The 'disaster' is inflation. People already got rugpulled and are waiting for another rugpull.

>>55411135
>Hoping for a bail out
You pivot fags have been fucked in the head wishing for more inflation because numba go up. Enjoy the july fomc. If you get unlucky on friday and Pace comes in again hot, like housing today, 7% is the reality next year

>>55410987
Who said I'm not? Banning speculation on SHFs would eliminate the flood of Chinese funny money into the US housing market.
I don't believe there should be any foreign investment into the US housing market.
There are a lot of changes that I believe should made in this country and when we talk about housing and speculation that's just one small segment of it.
I'm not a commie a national socialist that participates in investing and speculation because working a regular job leaves me destitute.

>>55395200
Checked. It'll happen this autumn because it starts this summer.

>>55411583
Disgusting. Not a communist, but still a socialist. Too far gone. Total socialist death.

>>55411583
Double post. But still agree with you on this desu even though you're a filthy socialist

>>55411173
what is even worse is people like you trying to save the fiat system as if we should suffer to save an ever inflating piece of fucking PAPER. let the system implode, don’t make people suffer to save this jewish nigger hellhole.

>>55412028
And you want what? Buttcorns as currency? Or 100% over currency in the hand of politicians? Or do you want every dog and his private sector master be able to create their own little currency? Don't say gold, we saw where that went with jews

>>55395328
IT WILL HAPPEN WHEN THE WEATHER COOLS

>>55396745
HOLY

>>55396745
get fucked renty

I just got a cold call on my personal cell phone from some employee asking if I have a house for sale and that their company is looking to buy houses.
What the fuck is going on?

>>55412598
The dip buyers that bet on Powell abandoning his momentary data driven approach to interest rate hikes and expect pivots and refinancing at a lower rate in 6 months

>>55396745
Based. People need to get real jobs and stop larping as landlords (they aren't if they have mortgages)

>>55395200
its over

>>55408768
https://www.irs.gov/publications/p527#en_US_2022_publink1000219022

>>55401862
commercial is heading there swiftly. i travel around commercial sites in the northeast and by my eyeball daily drive estimation we're at roughly 30-40% vacancy. including some buildings i've never seen vacant for long stretches. some for almost a year or more. don't be caught unaware

>>55411969
>>55411952
Yeah taking care of each other is such a scummy political ideology isn't it?

>>55395172
>creeeeaaaaccckkkkk

>>55415210
I know exactly what you're talking about. All along the highways, especially Route 1 where I live, there's lots of spaces for lease but they're always either standalone spots or like part of a strip mall type of deal.
I wonder if it's just because businesses are moving to this whole new design plan system where it's like apartment buildings + grocery store + a bunch of bullshit restaurants and like a J Crew outlet.

>>55409379
Huge parts of appalachia are slums, as in, properties with 20 sheds, 30 trailers, 15 RVs..

Places that look like actual junkyards could unironically have 80 people staring at you.

>>55395172
I have seen endless articles churned it this week about how buying now is a great idea and how the housing market is not going to go down. It set off immediate alarms on my head that the big players are probably trying to dump their bags on retail yet again and are trying to drum up one last bit of FOMO.

>>55415582
Ask that again to people that lived in actual socialist counties.

>>55403946
None of the dishes you have listed have an hour prep unless you are cutting with a spoon. Or using a knife with your feet.

>>55404945
Zoomers think their parents are boomers. Don't be too hard on them. They were raised by Gen x so don't expect much.

>>55400199

standard deduction in 2023 is 13,000+ lmao. your 'deductions' are made up magic numbers. they don't matter

>>55395172
rentoids are never tapped out, they just need to add roommates to cover the rent doubling every 7 years

>>55400199
all of that assuming you are actually renting the place... what if you don't? you get absolutely FUCKED.

>>55410942
dip buyers will be the ones that benefit the most, dumbass lmao

>>55403846
Yeah I got absolutely exhausted just starting to read that. Fuck that

>>55395328
but Biden was going to gibs me

>>55395350
>struggling
Boomoids are half-right with their netflix and avocado memes though. People "struggle" when they finance a car they can't afford, rent a place they can't afford, soibscribe and consoom beyond their means.
Reminder that "cost of living" is actually "cost of lifestyle".

>>55403582
>No, I don't think I will
Unfathomably Based

>>55409428
>>t. over-leveraged Superhost
Top Kek

>>55417021
That is only half true. Reminder that boomer's had crazy lifestyles that involved getting married thrice, 13 kids, 2 family homes, and 3 muscle cars off a job that involved nothing more than pulling a fucking lever all day.

>TLDR; tie a banana to your foot to fuck yourself in the asshole with, faggot

>>55417049
With all due respect, a high quality of life is not a right or an expectation. Some people were born when the Theodosian walls were raised, and some were born when the city was raped and burned.

Seething and pointing fingers doesn't change the fact that people should live within their means. Nobody on /biz/ can honestly say they would live a frugal life during the boomer golden age as some kind of cautious generosity to future generations. Yes boomers can be selfish, stupid, and stubborn, but boomers can't fix the absolute state of the world right now. It's on us to take the L we were dealt and do what we can to build our own futures.

>>55417079
We have no futures, faggot, and we ensure richfags don't have any either, simple as. It really is unironically over this time.

>>55396250
>Living standards are actually worse for the average person now then at time of Great Depression
Drugs have really wrecked the poor and bum life significantly. Not to romanticize Hoovervilles, but even poor homeless people back then had much more support among each other than what we see today. Being homeless is much more perilous now thanks to rampant violence and hard drugs.

>>55396144
If you buy a house that yields 5% that's 5% forever basically. People don't believe interest rates will stay this high for long, this is why we are inverted

>>55417108
> this is why we are inverted
Correct - the inversion will be remediated by the long-end rising.

>>55400055
you should massively increase your quality of life and get an instant pot. you will never regret it.

>>55416833
isnt standard vacancy rate 30%

>>55412328
>Don't say gold
Hacksilver and barter.

>>55417049
You are a gay nigger with a foot fetish. You will burn in hell

>>55415582
You are also a gay nigger.
National Socialism is for losers that would be culled by their genes in nature anyway.
National Socialism is for losers that would be culled by their genes in nature anyway.
National Socialism is for losers that would be culled by their genes in nature anyway.

>>55396250
Dumbest take I've ever read in my life. Words mean things and we've checked off zero boxes of a depression you retarded top buying zoomer. This is the Weimar, the depression comes next

>>55417021
>Reminder that "cost of living" is actually "cost of lifestyle".
>just accept radical deterioration from the WEF who are open about you not wanting to own anything bro
>just abandon areas that multiple generations of your ancestors lived in while marxist leaders house them in $4k/mo rooms bro
>just consoom carcinogenic seed oils and eat bugs to save on groceries bro
Can't tell if you're being deliberately insufferable to confirm the anti-frogposter meme.

Either way, the kikes were clever with their usage of "avocado toast". Thre avocado itself being one of the most incredibly healthy food items on the planet. You make me sick on a wavelength that the english language is incapable of articulating

>>55399934
I see people feed their fucking fatass kids McDonald's every fucking day there are people who even door dash McDonald's every god damn day how tf is that not weird to u

>>55416148
The people in German seemed pretty happy with it. Only kikes are upset by it. Curious.
>>55417896
Cope

>>55410942
Jerome off the top rope.

>>55418954
Jerome is currently in Portugal doing his speech again. And confirms higher for longer

>>55419062
Yeah I'm watching my portfolio lmao.

>>55419104
https://www.youtube.com/live/FeK-DMLnGVs?feature=share
Here is the all star horseman of the apocalypse for your portfolio

>>55419126
Japan gets their revenge after all this time. Kino.

>>55408417
My guess is Bumfuckistan in the middle of nowhere working as a manager of the only non residential building in town, a gas station.

>>55399785
They won't. Likely diversify and put the loses down to counter profits in another gig.

This is why so many skyrises sit empty in big cities. They would rather they go unrented and become tax write offs than dropping rent or anything like that.

>>55396947
Sharing side walls is perfect. Independence and community are wrapped into one.

>>55419250
They have to take loses one or another way. The hope of the over invested is that they are the first out the door, it's going to be ugly, it's already ugly. Nothing to diversify into

>>55395200
sorry the s&p is back in a bull market rn. momentum is up

>>55421300
Lol. Jews jews jews; always allying with those that are going to fuck you up. Marixts don't have money, they removed bourgeois, middle class and anarchists from the economy and public life, for their brain dead ideology, financed by jews. The outcome was clear, you go bankrupt, the marxists get hanged

>>55416933
Thank republicans and their ability to pack the court and/or do fucking anything at all.

>>55421863
Wuahhhhhh wuahhhhhhh
lmfao you marxists are the most retarded bunch that ever walked the earth; and the outcome over 100 years has always been the same, you hang

>>55418022
>avocado itself being one of the most incredibly healthy food items on the planet.
No that's garlic

>>55396935
>owe debt
lol what? I didn't even go to high school you nigger

>>55395200
Looks realistic. Where do they think growth is suppose to come from? machine learning? Crypto? Two unproductive fields that produce nothing

>>55395172
God I hope it crashes and the assholes who did this to the market kill themselves

>>55424847
They are not going to kill themselves, they hope that you all are going to be in on bail ins to let them seize the assets of boomers and give political control to neo marxist International organizations. You should kill them for it and kill their children as well, they all live in nations have addresses and their children go to international schools

>>55395172
>Is it different?
No

>>55410220
based graeberposter

>>55421300
What's even pushing it forward? Because Russel 2000, for example seems to just crab forever.

>>55426607
Scared capital that flees into mega caps and as soon as they realize that those mega caps are just scams that were kept alive with QE and subsidies, that shit comes crashing down harder than the WTC on 9/11

>>55396250
>Living standards are actually worse for the average person now then at time of Great Depression.
No.
>More people livid with their parents in their advance stages of adulthood then at any time in history
A poor metric.

>>55426669
Worse than shorty before the Great depression, except if you are some neo marxist fuck up, with bullshit public financed job, like an ngo member, a journalist, a university lecturer, a banker, a software developer or a politician
>poor metric
good metric, those people are very open for the bourgeois revolution, but not like Gramscians thought it to be. Its them going to be hanged, after they filled their pockets for 50 years financed by the ebin capitalists

>>55396290
Reinvestment risk. You can get 5% on t bills now but the bond market doesn't think that's going to last for much longer, real estate is locking in for a longer duration.

>>55400199
yes but you are missing the point of negative gearing, the biggest ponzi aspect of real estate. you cant negative gear t bills.

>>55427074
You have to buy tbills, most people getting a house are borrowing. That's the biggest driver of house prices

>>55427126
right and the ultimate problem is boomers want to live the best life for themselves, live in the places they want to live, fuck the women they want to fuck, do the things they want to do. this was fine when people were dying in a war but now nobody is dying in a war so everybody is trying to live their best life and it is just simply not sustainable. at some point someone is going to have to foot the bill it just happens to be us this time around

>>55395328
Yes, but we need billions for ukraine, so they have to pay it

>>55396745
Gigabased, landlords get the wall

>>55428023
>t. Marxist that got his gibs for 10 years financed those that gave land lords credits

>>55396745
This + foreign buyers who should have their property simply confiscated

>>55429061
why not bankrupt them, make them default on their loans and wage asymmetric warfare on them, legally, without having to use retard communist tactics

>>55395172
bump