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/biz/ - Business & Finance

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11451591 No.11451591 [Reply] [Original]

Uh guys...

>> No.11451598

>>11451591
We saw the recession coming for years.
Don't know why everyone is so shocked.

>> No.11451616
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11451616

>>11451591

>> No.11451622

>>11451591
Buy gold and silver before it moons hard

>> No.11451625

>>11451598
been saving my house fund for a couple years now - wife is getting inpatient but i keep telling here cheap properties inc

>> No.11451764
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11451764

There’s a reason why so many foreign China buyers have been fucking up the housing economy here in Vancouver, BC. The wealthy want to move their assets into a illiquid appreciating asset out of country for shit like this happening. Got so bad that actual Canadian citizens were having a tough time finding a home let alone resorting to renting/leasing. This isn’t the least bit surprising and I expected it. Remember having a conversation with a real estate agent about how WallStreet is better than that of trying to sell houses when I went into options and using cash only leveraged buying on SPY. Dude mentioned that these foreign investors are buying houses and literally just leaving them empty. They drive the price up so high that it sets a standard that others follow - the result fucks up the actual citizens needing shit as the government let them buy it. That “foreign tax” isn’t even a debt to the wealthy probably.

Had this convo a few months ago - so things may have shifted. I’ve been focused on crypto lately as an experiment yolo play - so I’ve had Bloomberg on mute.

>> No.11451876

>>11451764
Foreigners shouldn't be allowed to own land period.

>> No.11451886

>>11451616
DELET

>> No.11451911

>>11451622
Silver 1k eoy

>> No.11451941

>>11451625
housing bubble/crisis was the last cycle, the incoming crisis will drop real estate prices as well, but not nearly the same amount as last time


China is fucked though. Their shadow banking loans are out of control and pretty much propping up their entire economy at this point. "Muh Chyna taking over the world" meme that has been spreading around the last 2 years is over. Will be interesting to see if the commies stay on top or not after all this "excellent financial planning".

>> No.11451963
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11451963

>>11451591

Very nice; thank you for the news.

>> No.11451975

>>11451591

Why is this relevant? Chinese stock market is surging atm.

>> No.11452076

but orange man good,the liberals are triggered!!!