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/biz/ - Business & Finance

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49791273 No.49791273 [Reply] [Original]

How the fuck is this sustainable?

>> No.49791391

Who said anything about sustainability? We are in the process of the great collapse. Strap in.

>> No.49791426

>>49791391
buy GME to become part of the new financial elite

>> No.49791434

>>49791273
6% mortgage rates are low historically. Markets are addicted to the low rates we've had over the past few decades.

>> No.49791469

>>49791273
They're trying to eliminate the middle class and usher in a technocratic feudalism. Empty buzzwords like "sustainable" has nothing to do with any of it.

>> No.49791534

>>49791469
basically this

>> No.49791588

>>49791434
Houses used to cost 3x the median wage instead of 8x. A 6% rate would make the median mortgage 2500 a month

>> No.49791742

>>49791273
They're trying kill demand, the fed can only raise its interest rates so high to much debt

>> No.49792248

>>49791273
It isn't. Global recession time.

>> No.49792305

>>49791588
So houses are unsustainably high relative to wages
i dont know what comes next

>> No.49792449

>>49791273

its not but we are like a fool who drunk a whole vodka bottle alone the night before. so gotta get through the hangover. this wont be easy. but debt hast imploded the last two years. everyone was rich. everyone had money.

>> No.49792463

>>49791588
This will force inflated prices down, the feds goal

>> No.49792484

>>49791273
what part of "prices are too high" didn't you understand?

>> No.49792577

>>49791588
house prices will come down because of that

>> No.49792579

>>49791273
> rates this high with houses at this price isn't sustainable!
let me square the circle for you: housing will drop in price

>> No.49792593

>>49791588
houses can only cost so much because interest rates are so low. Institutional investors are about to get burned hard on real estate in general too. Something's gotta give. People who think that land is always guaranteed money don't understand history.

>> No.49792640

>>49792305
gee I can't even imagine

>> No.49792653
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49792653

>>49791469
>NOOOOOO THEY ARE ELIMINATING THE MIDDLE CLASS BY UPLIFTING THE POOR!!! EQUALITY IS LE HECKIN BAD BECAUSE IT JUST IS OKAY!!!

>> No.49792699

>>49791273
Middle classis dead but hey at there's 800 different pronouns and niggers being overly represented in media.

>> No.49792697

>>49791273
You idiots, what is really unsustainable is 0% rates and is what brought us into this situation in the first place.
Rising the rates is good and should continue. Having the printer at 0% rates causes an unbelievable amount of inflation that is finally catching up to the U.S.

>> No.49792712

>>49791434
yeah HISTORICALLY it doesn't matter when houses are literally double or more than what they cost historically when the rates were that high. mortgages are exponentially more expensive when the base loan is so high

>> No.49792737
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49792737

>>49792653
>they're uplifting the poor

>> No.49792759

>>49792697
Based and printerpilled

>> No.49792770

>>49792653
Not a single Fed policy or Biden administration policy is uplifting the poor though, you schizophrenic retard.

Meds. Now.

>> No.49792782

>>49791273
oh bucko it's over

>> No.49792847

>>49791273
Third world shithole anon here. Credit Cards are at 30% and mortgages close to 15%. You have no idea how good you have it

>> No.49792854

>>49792712
Yes, and this will push house prices down. This is all working as intended idk what people were expecting.

>> No.49792859

>>49791273
6% is historically low. Even 20% for credit cards is historically low.

>> No.49792861
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49792861

>>49792737
Educate yourself
https://www.weforum.org/agenda/2021/06/hunger-poverty-improve-health-survey/

>> No.49792880

>>49792653
>uplifting the poor
Lol. Lmao even. Everybody is getting poorer and this fucking bunkertranny still comes here to work for free for his masters.

>> No.49792906

>>49791273
It isn't.

>>49791391
This. I hope you fucking stacked tuna and beans and gunz, because we're about to enter mad max territory.

>> No.49792939
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49792939

who gives a fuck about fucking over people who take up money they cannot afford
i have 6 credit cards and have NEVER had a balance

>> No.49793018
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49793018

>>49792861
>we say it's for you own good

>> No.49793032
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49793032

They aren't

https://www.youtube.com/watch?v=FhHeGZoWl0g

>> No.49793033

>>49792653
every single measure they have put in place affects the poor 1000x worse than anyone else, brah

none of the current measures have any effect whatsoever on the day-to-day of anyone above middle class. quite incredible really how people like you can't even see that they are completely fucking over middle class and poor for the benefit of the rich. this is the main goal of the dems

>> No.49793072

>set rates at 0%
>force market competitors to take on unsustainable debt or risk being outcompeted
>debt goes up, money supply goes up, prices go up
>inflation bad!
>hike rates, rugpulling all the people who went into debt because of conditions you created
>destroy the supply chain, causing prices to spiral further out of control
>dollar crashes anyway
>pat self on back for saving the economy

>> No.49793105

>>49791391
where my raiderbros at?? we finna dab on boomers and take all their shit at gunpoint once the collapse comes

>> No.49793184

>>49792305
>So houses are unsustainably high relative to wages
>i dont know what comes next
Nothing. They've been too high in some places for decades.

>> No.49793269

>>49791273
Who the fuck does this affect? Do you faggots have debt you can't pay off right now? Are you retarded?

>> No.49793380

>>49792653
I wish I had a 1972 Cadillac that only ran on the emulsified processed remains of poor people (poor niggers and spics preferably).

>> No.49793412

>>49793269
Yes? 90% of burgers live paycheck to paycheck and use credit card debts for daily basic necessaties, fucking retard

>> No.49793451

>>49792653
Great bait

>> No.49793467
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49793467

>>49792861
>WEF

>> No.49793513

>>49792697
Exactly, this needs to happen. We've seen all the money flowing into idiotic investments and housing explode. A correction is needed or we get 30% inflation like a 3rd world country.

>> No.49793553
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49793553

>>49793269

>> No.49793581

>>49791273
This is such a retarded headline. The Fed doesn’t set the real interest rate - it sets the Fed funds rate *in response to the real interest rate*. If Fed kept rates at 25 bps it’s not like real rates would be lower… they’d be the same AND inflation would be higher.

>> No.49794081

>>49791273
>credit cards at 20%
Wait are you telling me that americans got credit cards that are like 10%? America really is tutorial nation

>> No.49794314

>>49791588
The house isnt supposed to cost 700k. 10% on a mortgage SHOULD be the norm.

>> No.49794332

>>49791434
Wages are inflated. All the productivity gains since the 80s have been due to technology invented by a tiny minority of geniuses rather than by wage workers putting in more effort. The average salaries need to get corrected back down first before housing prices should begin following suit.

>> No.49794354

>>49791273

Paying cash for stuff ought to help. Lol

>> No.49794489

>>49793553
>All those covid bucks have all been spent
>Massive amounts of money still circulating everywhere which will continue to inflate prices
>People are now in a worse position than during the 2020 pandemic

Fuck things can only go downhill from here

>> No.49794653

>>49791273
It isn't sustainable it is a correction. Oh and there will be food shirtages. And they will be reak. And you will own nothing. And you WILL be happy.
Have you not paid attention?

>> No.49794876

>>49791273
stop incurring debt, it's not hard

>> No.49794987

>>49791273
YOU
WILL
OWN
NOTHING

>> No.49795041
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49795041

>>49794876
>just pay $500,000 cash for a house bro

>> No.49795131
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49795131

>buying shit with money you don't have

>> No.49795202

>>49791273
The raping will stop when you step back into the wage cage. My employer is seething everyday they need to hand out raises and bend over backwards to get people to work. 2009-2019 was corporate America’s dream. They told the Fed that labor was getting too strong. Here we are.

>> No.49795225

>>49795041
t. real estate agent

houses are 500k because low interest rate made it possible for any dumb fuck to take 500k out of the bank with a pinky promise that at the end of his life the house will be theirs, driving up the demand.

>> No.49795433

>>49791434
In the past the government wasn’t propping up housing prices by backing mortgages. The federal government enables every housing bubble. If mortgages were privately insured then rates would naturally reflected the risk of inflation/deflation/recession/outsourcing etc.

The knowledge you seek is here:

https://www.fanniemae.com/

>> No.49795628

>>49792861
This is bait

>> No.49795690

>>49793105
If you come to this 30 y/o boomer’s house to raid I will kill you and take your guns and I will not call the police.

>> No.49795793

>>49792305
I often feel like it can't get worse, but then I look at Hong Kong etc where mid 30s guys who work full time share a small cage the size of a cabinet.

>> No.49795825

>>49791273
mortgage at 6 is not bad. its for people who are refinancing and 6% isnt going to rattle anyone.
i dont care about credit card rates. people who pay interest for credit cards should go bankrupt.

>> No.49795853

>>49791273
Take ur savings and buy a nice big boat, live in it for the next couple of years, if shit goes down u can sail away, if housing markey goes to shit which is imminent, u ll have the opportunity to buy a couple of properties and sit on them for a while, thr market always recovers and rents never go down

>> No.49795996

The only thing that drives up the demand for housing is corporate niggers trying to buy it up so they can rent it out, and so people who want to actually buy something to live in it have to compete with them.

>> No.49796781

>>49791426
>2 more years.
Seriously though, should shit or get off the pot at this point.

>> No.49796862

>>49791434
Historically houses were like $50k not $1,000,000

>> No.49797027

>>49791469
>He fell for the "middleclass" meme
You are just poor+, poor premium or poor gold at best

>> No.49798193

>>49797027
I'll accept poor premium, thank you very much

>> No.49799003

>>49792653
>uplifting the poor
As if