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/biz/ - Business & Finance

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49373442 No.49373442 [Reply] [Original]

How bad is it going to be?

>> No.49373482

>>49373442
why do you think there will be mass home foreclosures?

>> No.49373493

>>49373482
(((Fed)))

>> No.49373521

>>49373493
How will the fed affect people who already own homes and have fixed rate mortgages?

>> No.49373542

>>49373521
no job = unable to pay mortgage

>> No.49373565

>>49373442
I live in a very desirable neighborhood area, it's been 3 weeks and the house he was selling still hasnt sold.

>> No.49373593

>>49373542
.....most home owners are retired baby boomers who don't work anyway.

>> No.49373630

>>49373542
that will depend on how many people get laid off. I think the fed raising interest rates isn't going to directly affect people who already have mortgages. It will cause an economic downturn but there isn't something special about the housing market that would cause it to be affected more than everything else, unlike in 2008.

>> No.49373704

>>49373442
some of guys are alright, dont buy a house in austin tomorrow. https://www.youtube.com/watch?v=wEvSwuac7ig&ab_channel=ReventureConsulting

>> No.49373746

Leaf here (ontario/toronto). My street has about 45 houses on it. Two have always been vacant investment properties, suspect its more like 5-6. Of the 45, 5 are currently for sale for at least one week and havent sold/very little foot traffic.

On my dogs usual walk of a mile or so, we are up to about 25 for sale. Anyone else thing shit will hit the fan here?

>> No.49373752

>>49373593
Pensions and social security don't go up with inflation, stocks and bonds are both crashing, you thought there would be survivors?

>> No.49374396
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49374396

>>49373442
For me, it's good. I live in the south near the gulf coast and my house is pretty much paid for. Rent and housing prices are causing all the poorfag trash around me to move. Northern folk from wealthier cities who are really conservatives are coming down around my block in droves buying up houses nearing a million each. My city will only allow upscale condos and apartments to be built near me now. Life is breddy gud on my block

>> No.49374481

>>49373746
God I hope canadian landlords get rekt in a way they never forget.