/biz/ - Business & Finance

[Anonymous No.50473703]

>Mortgage demand is falling
>Majority of population priced out due to high mortgage and home prices
>People who already own a home have to keep up with higher prices on the cost of living (gas, food, renovations)
>Don't want to sell because rent is still increasing and would be completely fucked if they're foreclosed on.

This feels a little more ominous than 2008, it feels like a wider economic shitstorm is about to hit.

[Anonymous No.50473719]

>>50473703
checked

[Anonymous No.50473733]

Zestimate sisters....everyone is making $300k/year now working from home 1 hour per month. Why aren't they buying houses?

[Anonymous No.50473775]

The quantity of mortgages don't matter because black rock is buying all housing 20% above asking price

[Anonymous No.50473795]

>>50473733
Literally the kind of shit “the experts” say lmao

[Anonymous No.50474764]

just two weeks dude

[Anonymous No.50474870]

People will reference this crash instead of 2008.

[Anonymous No.50474986]

>>50473719

[Anonymous No.50475065]

>>50473775
They stopped. Ask any realtor. There have been no cash offers at or above asking since May.

[Anonymous No.50477951]

>>50473775
Blackcock isn't doing shit. They have lost 1.7 billion dollars this year already. They are literally bleeding wealth right now.

[Anonymous No.50477980]

>>50473775 #
Blackcock isn't doing shit. They have lost 1.7 trillion dollars this year already. They are literally bleeding wealth right now.

[Anonymous No.50478062]

>>50477980
>They have lost 1.7 trillion dollars this year already
Based Blackrock solving inflation.

[Anonymous No.50478176]

>>50473703
similar story in china. if people in china are refusing to get mortgages you know shit is fucked.

[Anonymous No.50478246]

>>50473703
Nothing ever happens

Also fuck you janny

[Anonymous No.50478273]

>>50478246
biz jannies are an abomination

[Anonymous No.50478664]

>>50478246
jannies are dating massive disgusting obese nigga girls confirmed HAHAHAAHAHAHAHA

[Anonymous No.50478700]

>>50478176
The China real estate situation is a huge reason why I’m bearish as fuck overall. It seems like it could pop at any moment. I saw some YouTube video talking about how some crazy high number of Chinese normies (like 80% or something) have all their retirement/investment money wrapped up in real estate, and a lot of them are those literal ghost town unfinished apartments. It’s fucking nuts when you actually start looking into it. Whenever that pops we are going to be hurting hard too.

[Anonymous No.50478779]

>>50478700
I saw that video 2 years ago anon

[Anonymous No.50478962]

>>50473703
Oh no no no
House sisters....

[Anonymous No.50479241]

>>50473703
Cope and seethe, my Zestimate is still rising

[Anonymous No.50479511]

so the purpose of covid QE is to create asset inflation (NOT consumer inflation)
asset inflation is a bubble, this happened in stocks and real estates
stocks are banks lending to hedge funds and clients to pump the market, real estates? blackrock
they're both working in tandem to create these so called everything bubble
then they use the excuse of consumer inflation (which is caused by supply disruption not printing) to raise interest rates and to pop the bubble
>the purpose of central bank monetary policy is to create a crisis in order to usher in change in economic structure - Richard Werner
tl;dr it's crashing with no survivors

[Anonymous No.50480626]

>>50473703
reminder than all ownership costs are factored in rent, and if you can't find a property for which mortgege payments are lower than rent would be, you are retarded and don't deserve to make.
pay rent rent for 2-3 decades and you'll have spend enough for a house, but for nothing, and you'll have been paying maintenance and property taxto, except for your landlords. renting is serfdom

[Anonymous No.50480929]

>>50478246
Jannies deleted a thread about actual job experience and how to negotiate pay.

[Anonymous No.50480939]

>>50474870
Lmao I can't wait to see all the boomers finally off themselves

[Anonymous No.50480948]

>>50480939
>boomers finally offing themselves

[Anonymous No.50480966]

>>50473703
this is bullish you fucking retard. The "because of inflation" bit is clickbait. When the most overheated sectors of the market come down amidst general stabilization, its GOOD. Ditto people freaking out about jobless claims going up 1-3%. This is literally how the economy works you dullards

[Anonymous No.50480981]

So how does this line up with last year of the Shemita which September 2022? I always get confused, is the last year of Shemita the shitty part and after that it's smooth sailing until the next Shemita end year?

[Anonymous No.50481193]

>>50480626
What you're basically saying is that the gross rental yield of investment properties is larger than housing mortgage interest rates plus ownership costs (taxes/maintenance). Interest rates are 5%. Property Taxes and maintenance are easily another 1% at least. Show me some properties (that aren't in the boonies or ghetto) that have rental yields higher than 6%. You can't. Until prices come down, renting a given property will much cheaper than buying it... not withstanding if you want to live 50 miles from a grocery store or in a place where you risk getting stabbed and robbed every day.

[Anonymous No.50481229]

>>50473775
Retard

[Anonymous No.50481332]

>>50480981
I want to lick her pussy all day!

[Anonymous No.50481628]

>>50473703
>Don't want to sell
That's correct, nobody who already owns a home is selling. Everyone's got a historically low interest rate locked in too. Inventory is very low.
Guess what happens to prices when nobody is selling, genius?

[Anonymous No.50482638]

>pretty much nobody buys BRK.A stock, volume is super low
>price $430K per stock
what the fuck Bobo? Prices are supposed to go down when demand drops, right? And volume is demand, right?! Where are we going wrong?!?!??!

[Anonymous No.50484740]

The real redpill is that covid was an excuse to pump trillions into the globak economy to avert the 2019 financial crisis. They were successful in buying time, but covid got out of hand and all they did was buy time.

[Anonymous No.50484784]

>>50473703
Feels like you’re….p r i c e d o u t

[Anonymous No.50484791]

>>50473703
>Fixed VA rate at 0.05%
>grow most of my own food
Kek baggies

[Anonymous No.50484895]

>>50477980
>They have lost 1.7 trillion dollars this year already

they literally don't care. They're only goal is to replace white men in Netflix tv shows

[Anonymous No.50484938]

>>50473703
I'm looking for a house right now in burgerland, the problem was that there is no inventory currently since nobody was building houses during the recession. As for the housing craze the last few years, I had a realtor send me 10-20 houses a week when they hit the market in the area and price range where I was looking. Now she MIGHT send me one house a week.

Demand is simply meeting supply right now whereas before demand greatly exceeded supply, prices are simply leveling off instead of dropping.

[Anonymous No.50485003]

>>50484740
>but covid got out
no it didn't, they vented people over a flu and said it was an emergency.

[Anonymous No.50485008]

>>50473703
>it feels like a wider economic shitstorm is about to hit.
Bring it on

[Anonymous No.50485097]

>>50477980
they own everything, what does it matter how much it costs

[Anonymous No.50485130]

>>50473775
>quantity of mortgages don’t matter
>fi’s make a lot of their income from originations

[Anonymous No.50486078]

>>50484938
>had a realtor send me 10-20 houses a week when they hit the market in the area and price range where I was looking
what would happen if you send counter offers for 80% of the prices?

[Anonymous No.50486125]

>>50480929
>Jannies deleted a thread about actual job experience and how to negotiate pay.
seriously, what the fuck is going on in this board? retarded, off-topic shit doesn't get deleted.

[Anonymous No.50486652]

>>50478700
>bugs about to get exterminated
back to the rice paddy, chang

[Anonymous No.50486874]

>>50479511
>then they use the excuse of consumer inflation (which is caused by supply disruption not printing) to raise interest rates and to pop the bubble
they are doing this now
For how long?

[Anonymous No.50486934]

>>50480626
>reminder than all ownership costs are factored in rent
You can repeat this all you want but it's not true. If it were, rent would cost a shit ton more

[Anonymous No.50486957]

>>50480981
The end of Shemita is when all debts are supposed to be released. Rather than forgiving debts, the Synagogue of Satan twists this as an excuse to force defaults. After all, technically the debt is released if the debtor defaults.

[Anonymous No.50486983]

>>50484938
>no inventory
I can go on any fucking real estate site and see a gluttony of houses for sale, many of which have reduced their price recently

[Anonymous No.50487233]

>>50486983
How you can go on a real estate site and see real estate offers. Well that settles it then, inventory is actually high

[Anonymous No.50487244]

>>50486125
only threads about pajeet shitcoin memes are allowed here apparently. thread about gaining income? offends tranny jannies (who do not have an income.)

[Anonymous No.50487281]

>>50487233
Yes, i have thousands of houses to choose from. I'm not buying any right now though because they are obviously overpriced.

[Anonymous No.50487283]

>>50486983
Wow you can go on a real estate site and see real estate offers. Well that settles it then, inventory is actually high

[Anonymous No.50488616]

>>50486957
Absolutely evil.

[Anonymous No.50488742]

>>50478664
Porch_Pirate_inspecting_loot_for_first_time.png

[Anonymous No.50488873]

>>50473703
Wow, who would’ve thought that forcing couples to be a dual-income household, flood the country with untrained cheap labor, artificially lower wages, and strangle housing construction would lead to a shortage of homes and population that is exponentially getting larger and needs a roof over their heads?

[Anonymous No.50488999]

>>50473775
Even if Blackrock calmed down, how was it ever legal in the first place? Why does the government allow this to happen? Even if price and mortgage rates go back down, Blackrock will start slurping again.

[Anonymous No.50489015]

>>50485003
>workforce shrinkage
>riots
>vaccine hysteria (altogether)
>2020 election
>hue bats
I imagine some amount of these have been cannibalized to suit agendas and may be "under control," but I'm still waiting for alpha 2.0 and the leap from BR bats.

[Anonymous No.50489611]

>>50484791
>>50484791
:<

[Anonymous No.50489692]

>>50488999
Blackrock will "slurp" the bottom
Not a 20% dip

[Anonymous No.50489847]

>>50479241
It depends on the location. I have a property that is down 3% this month, and another property that is up 2% this month.

[Anonymous No.50490799]

>>50488999
It's a free market. If you don't like it move to North Korea

[Anonymous No.50490905]

>>50490799
Fuck off, schlomo

[Anonymous No.50491010]

>>50488999
>Why does the government allow this to happen?
you mean the save government that's run by corrupt 60-80 year old jews and jewslave boomers?

[Anonymous No.50491069]

>>50490799
unregulated market is not a free market.

[Anonymous No.50491295]

>>50490799
it's not a free market at all. zoning laws place heavy restrictions on what developers can build, mainly in mandating only single family detached homes on about 80% of residential land, which is shite and low density so it doesn't alleviate demand before it causes horrific sprawl. then you have government interference like section ape and houses for jarheads from the welfare queen brown bombing corps. you also have boomershit like subsidized mortgage interest (income tax deduction, something that benefits current homeowners at the ultimate expense of people still trying to buy their first home), rent grandfathering (which benefits, yet again, boomers and other oldfucks who have lived in the same rental forever, meaning landlords have to overcharge everyone else (youngfags and other new residents) to make up for some geezer who has been paying $300 a month since 1972.

there is literally nothign "free" about the housing market. that's why it's screwed to hell.

[Anonymous No.50491482]

>>50486934
Yes, landlords are renting to you at a loss. You are the retard. Also you’re all over this thread with your midwit takes. Just stop.

[Anonymous No.50491628]

>>50473703
sounds like a burger problem.

[Anonymous No.50492399]

>>50491482
Sadly, he's right these days. RE prices have skyrocketed while rent hasn't been keeping up (not even talking about rent control which is a whole other bag of horror). Naturally it heavily depends on your location, but if you get into the game right now in my city, you're looking at 40-45 years of amortization. I totally have properties (even unmortgaged ones) that struggle to create positive cashflow. If everything runs smoothly (no major repairs, no vacancies, tenants who do basic maintenance themselves) landlording will turn a profit. But it barely ever runs smoothly.

You have to make a distinction between cashflow and profit. The investment as a whole is still highly profitable, but most of the profits come from appreciation. They're paper gains, which you'll never realize if you're serious about landlording. In good times renting adds a little profit on top, in bad times it just minimizes the loss and in terrible times (if you get real shithead tenants) you add a bunch of loss. A single bad tenant (default, eviction, maybe trashes the place, up to tearing the copper pipes out of the walls) can eat up a decade of profits. So yes, most landlords rent to you roughly at cost. Many at a little bit of a profit, but plenty at a little bit of a loss.

Case in point, I own several rental properties, but I'm still renting my own home, because my landlord is a non-profit and buying can't really compete. Renting is a service to the tenant and wealth management to the landlord. Tenants can very much benefit and profit from it. The real profit from landlording only happens for the children of the generation who bought.

[Anonymous No.50492548]

>>50474870
god i hope so

[Anonymous No.50492610]

>>50473775
Those corporations don’t just buy houses for cash and sit that way. They use cash buying to win the bidding for the house, and take a mortgage out afterward. So they keep having cash to deploy. Raising interest rates affects their operation directly, not just at the opportunity cost.

[Anonymous No.50492819]

>>50491482
>Yes, landlords are renting to you at a loss.
No amount of shilling will ever convince me of this. I don't fucking buy that they aren't swimming in profit renting a paid-off townhome for $2800/month while it appreciates $100k/year. If they aren't, they need to be euthanized for retardation.

And even in the edge case that they did *JUST* get a mortgage on the property and are using the rent to cover the payments, they are still reaping the rewards of the appreciation for just the cost of the "risk" of having to keep doing what they are already planning on doing for 5 years until the price recovers from a crash.

[Anonymous No.50492909]

>>50491482
Property taxes alone on any decent property are 5 figures, kiddo

[Anonymous No.50492993]

>>50473703
>This feels a little more ominous than 2008
it isn't. 2008 happened because people did NOT properly fear the prevailing interest rates or inflation, and mortgage demand did NOT get pressured downward by economic conditions -- and then suddenly a huge majority of borrowers could not afford to make their next payment.
this is totally different. this is what should have happened back in 2003 or so, instead of "ownership society," bush's greatest mistake. he should have told congress to go fly a kite, and accuse them of race-baiting, instead of supporting the idea that low- and no-income minorities should just be given home loans with absolutely no recourse when they absolutely, positively, unequivocally, could not afford it and would stiff the lenders, guaranteed.

[Anonymous No.50493044]

>>50473733
>working from home
>buy a house???
terminal brain damage

[Anonymous No.50493077]

>>50492993
Yeah cuz if there's one thing that defines Americans in 2022, it is financial responsibility:^)

[Anonymous No.50493092]

>>50478700
Who gives a fuck about chinks? They are disgusting dog eaters and deserve the shit storm they created for themselves.

[Anonymous No.50493138]

>>50493077
the ones locked into mortgages have financial responsibility, by definition, because the lending standards were returned to their original stringent guidelines. so, yes. literally where it counts, that is true.

[Anonymous No.50493422]

[Anonymous No.50493450]

>>50493422
Nature is healing

[Anonymous No.50493568]

>>50478700
>Whenever that pops we are going to be hurting hard too
It real won't. It will help us because China doesn't buy shit from the US, however we buy a shit ton from them.

Now Canada's market could affect the US. Both Canada and the US does trade between each other.

[Anonymous No.50493681]

Stop letting chinks buy our houses as their retirement portfolio

[Anonymous No.50493779]

>>50478700
Not sure why you think it hasn't popped. The situation is so bad that they're literally boycotting mortgage payments
https://archive(dot)ph/z5dXP

[Anonymous No.50493821]

Looking forward to the Phase 2 of the NEVM where Syscon will introduce zkrollups to the platform. And this will not only bring NEVM speeds up to over 200,000 transactions per second; far beyond what is theorized for ethereum 2.0, but will also allow projects built atop the syscon platform to institute zero fees within their applications.

[Anonymous No.50493831]

>>50480929
Would you want to see others negotiate for pay when you work for free?

[Anonymous No.50493845]

>>50478700
have you ever heard of a bail out? all this money is imaginary, you just delete some zeros on a computer and youre good. keep up grandpa LOL.

[Anonymous No.50493848]

>>50473775
BlackRock is taking trillion dollar hits every month

Literally they can only print their way out of this

[Anonymous No.50493894]

>>50493848
Now there's something to be remembered for. "I lost more money than any other CEO in history." Imagine.

[Anonymous No.50493955]

>>50492819
>5 years until the price recovers
Could be 15 years. I’ve got a vacation home that was built in 2007. It’s not until this year that it could supposedly be sold for more than what the original buyer paid.
People already forgot how ridiculous the last bubble was. They had triple-zero loans — bull trap — nothing down, no interest, no docs.

[Anonymous No.50493991]

>>50493894
That's natural. Every monetary metric measured nominally will constantly find new records just by virtue of inflation/devaluation. It's the same idiocy when media jumps on "the biggest points loss EVER for Dow Jones". Yeah, no shit, that's going to happen a lot and is completely irrelevant if you don't mention the percentage loss.

[Anonymous No.50494019]

>>50493848
Invitation Homes is the company blackrock uses to buy homes.
In their 2021 investor report.
>In 2021, we acquired more than $1.9 billion of homes greatly surpassing original targets
They did no say they bought 10,000 new homes. They said they bought 1.9 billion dollars homes. Where did they get that money? Will they have to pay that money back? What did they over pay for homes in 2021? What if they over paid and shit hit the fan. Now they are on the hook for 1.9 billion dollars.

[Anonymous No.50494035]

>>50493894
All blackrock lost a shit ton in China's housing crisis

[Anonymous No.50494083]

>>50473703
There will be no crash, housing will just stop appreciating for a while. Eventually wage inflation will catch-up to housing.

[Anonymous No.50494155]

>>50494083
>Eventually wage inflation will catch-up to housing.
Lol
Lmao even

[Anonymous No.50494185]

>>50494019
Went through the report some more. They have 1.95 billion in debt

[Anonymous No.50494243]

>>50473703
None of the prices on any properties I'm watching have dropped a penny and the ones I'm putting in a bid on I'm barely even in the running, so I don't know what sort of FUD they're trying, but they need to try a lot harder.

[Anonymous No.50494318]

>>50494185
No cap?

[Anonymous No.50494531]

>>50494155

[Anonymous No.50494658]

>price change (-3%)
>price change (-8%)
>price creeping back towards its 2020 panic buy price
Not buying your bags, dirt is not real money.

[Anonymous No.50494977]

>>50494531
>DUDE EVERYONE IS GETTING PAID SUCH A HIGH WAGE
>Please ignore the fact that barely anyone even has a job anymore

You heavily adjust the data to only mention HR consultants that get paid 200k for nothing doesn't make everyone a millionaire

[Anonymous No.50495006]

>>50494531
Now normalize by inflation

[Anonymous No.50495037]

>>50494977
U-6 is literally at it's lowest rate since the stat began. It's bizarre to claim that no one has a job

[Anonymous No.50495087]

>>50493092
so why should blackrock jews care about you and the well being of your family?

[Anonymous No.50495104]

>>50473703
>This feels a little more ominous than 2008, it feels like a wider economic shitstorm is about to hit.
It is. Even the banks are saying its a hurricane on the horizon. But no one knows how bad it will be.

[Anonymous No.50495117]

>>50495037
>If we don't count people who are out of work, we are actually the best that it's ever been
>Please ignore all the help wanted signs and increasingly alarming media coverage

[Anonymous No.50495135]

>>50477980
You can't lose unlimited money.

[Anonymous No.50495145]

Even if prices of homes continue to drop it'll still be priced in....

[Anonymous No.50495160]

>>50473703
>work as warehouse manager
>have like 30 20-somethings working under me
>all but like 2 or 3 of them still live at home

[Anonymous No.50495175]

>>50473703
Should we sell my deceased fathers house? We are renting it but I also kinda wanna keep it but I think he would call me a retard if I didn’t do what’s best for me(us)

[Anonymous No.50495179]

>>50494531
Ok now adjust for inflation.

[Anonymous No.50495193]

>>50491295
>rent grandfathering (which benefits, yet again, boomers and other oldfucks who have lived in the same rental forever, meaning landlords have to overcharge everyone else (youngfags and other new residents) to make up for some geezer who has been paying $300 a month since 1972
You clearly have no idea how renting works. Contracts typically last for about two years tops, after that you have to renegotiate, at which point your landlord increases your rent.

[Anonymous No.50495211]

>>50495175
This is a great time to sell a house you don’t plan to use.

[Anonymous No.50495232]

>>50495193
He’s talking about cities with rent control.

[Anonymous No.50495365]

you will never be a home owner

[Anonymous No.50495520]

>>50493138
>if you have a mortgage(s) you are by definition financially responsible
Cute, anon

[Anonymous No.50495566]

>>50495117
Nigger, I literally used U-6 to avoid that issue, it counts all the people who gave up looking or are only part time. Do you know anything real about unemployment numbers?

[Anonymous No.50495611]

>>50495566
> Do you know anything real about unemployment numbers?
That they're fake and gay?
Yeah I know

If your source is the U.S. Bureau of Labor Statistics chances are that the numbers don't reflect reality
The data conflicts with itself at every point

[Anonymous No.50495665]

>>50495611
Please enlighten me on the best way to find out the real unemployment number

[Anonymous No.50495697]

>>50495665
Touch grass

[Anonymous No.50495743]

>>50495193
You must be over the age of 18 to post on this board

[Anonymous No.50495790]

all this dooming is only further convincing me real estate is going to spike again

[Anonymous No.50495791]

>>50477980
Uh oh, Mr Schwarzstein isnt gonna be happu

[Anonymous No.50495930]

>>50490799
I dont understand why retards parrot this. Its clearly not a free market. You just like dabbing on losers and wouldnt care either way

[Anonymous No.50496304]

>>50481332
That's a man

[Anonymous No.50496629]

>>50480626
"Owning" a house is also serfdom, just with more perks.

[Anonymous No.50496639]

>>50487244
Why won't you buy my virtual reality tell-all confessional about my new vagina?

[Anonymous No.50496656]

>>50488873
It cannot be Jews!

[Anonymous No.50496673]

>>50475065
What about my house bought by Indians who immediately rented it out in early June?

[Anonymous No.50496711]

>>50479241
>t. Bought his first house in May

[Anonymous No.50496770]

>>50481628
You honestly think nobody is selling? Are you retarded?

[Anonymous No.50496780]

>>50473703
No
It's mild compared to 2008
I'll never understand why you guys like scaremongering so much

[Anonymous No.50496807]

>>50484938
It’s just beginning. Foreclosures take a minute to process

[Anonymous No.50496841]

>>50473703
Guys do you really think I'll be able to slurp something? Seems to good to be true

[Anonymous No.50496928]

>>50492399
Honestly, if real ppl like you don’t own properties to rent then shit jew owned banks would.

[Anonymous No.50496969]

>>50492610
How is switching from a cash offer to a mortgage possible ?

[Anonymous No.50497042]

>>50496969
You take out a mortgage on a property you already own

[Anonymous No.50497051]

>>50496969
You take out a mortgage to cash out the equity after the cash deal closes.

[Anonymous No.50497179]

>>50495697
Chad response

[Anonymous No.50497338]

>>50495160
Yeah, the aging population is going to send our economy into decline. Demand for large housing is going to get crushed. All these single childless young people are going to want small luxury condos and apartments in metro areas.

[Anonymous No.50498435]

>>50491295
Not to mention the government imports millions of immigrants to artificially grow demand for housing. It is completely bullshit. However, there is two things that gives me hope. Remote working and expats. We can move to another country and leave America with all the dead beats.

[Anonymous No.50498712]

>>50493848
glad i was too poor to buy, kek. pretty sure it's a scam to bleed money out of china into america, while also reducing US inflation by setting money on fire. or just incompetence.

[Anonymous No.50498762]

>>50498435
can't move. skin too pale. no country will accept me unless i'm approximately dark chocolate or browner and have a voracious appetite for rape.

who is going to let me in, france? bangladesh might want me but I don't want them. the minute switzerland opens the door i will be walking in, but for now, it's impossible to move to a decent country as a white person.

[Anonymous No.50499353]

>>50498435
>he doesn't know they tax you no matter where you live
>he doesn't know to renounce you have to take a 20% haircut on your NW

[Anonymous No.50499395]

>>50488999
Legality only applies to those without the power of law

[Anonymous No.50499414]

>>50499353
You only pay US taxes if you make more than 108k usd.

[Anonymous No.50499426]

>>50493044
Yes, renting is a thing.
Multiple home ownership is another thing.

[Anonymous No.50499439]

>>50498762
Not true. All of south east Asia will accept you. Portugal and Spain as well.

[Anonymous No.50499485]

>>50493422
>Las Vegas
>133.9%
Same as it ever was

[Anonymous No.50499502]

Every day the same thread, that's how you know it's not going to crash lol

[Anonymous No.50499514]

>>50477980
>lose money
>you own all the central banks anyways so just print yourself some more

[Anonymous No.50499520]

>>50477980
Blackjuden is literally the private arm of the Fed.
It’s over for you goys.

[Anonymous No.50499526]

>>50480929
>negotiate pay
heresy. Jannies know all work is done for absolutely free