/biz/ - Business & Finance

[Death2hoomers No.53858804]

Kek it started. It's finally started!

This type of cope is akin to a all the dead shitcoin telegram leftovers telling themselves and others to 'bUy thE DiP!!!!'.

This post will absolutely 100% attracted said people too. Strap in lads! It's going to be an amusing ride!

[Anonymous No.53858821]

Wasn't this mf saying that buying a house is bad investment and you should only rent!! I pary for these ppl to burn in life not in hell, and see their inflated estates crush before their eyes

[Anonymous No.53858841]

>>53858804
This is like the always sunny episode where Mac and Dennis invent paddy's pub dollars and give them out to hobos in an attempt to create a self sustaining economy for the bar. Except instead of fake monopoly money it's million dollar mcmansions and instead of hobos its a bunch of deranged boomers.

[Anonymous No.53858869]

>>53858804
imagine all of these faggots losing all of their money while trying to fight inevitable market forces, how big of an orgasm could be for me

[Anonymous No.53858958]

It's 10x worse in china. They have a declining population and too much supply, the only thing keeping prices up there is pure speculation. The crash will be glorious.

[Anonymous No.53858967]

>>53858958
The government has propped it up, but it hurts them on a national level far more than just letting it collapse and burn.

[Anonymous No.53858969]

>>53858967
They can't prop it up forever, it's inevitable

[Anonymous No.53858980]

>>53858804
>undercover billionaire

lol

[Anonymous No.53858990]

>>53858969
They can't but they can fuck up their monetary policy further to lessen the impact. Which is probably the reason why they're hoarding gold and grains.

[Anonymous No.53858995]

>>53858958
>>53858967
The CCP is intentionally crashing the housing market in China.

[Anonymous No.53858997]

>>53858804
The govt has been trying for years to make housing more affordable. Now that the price is coming down people are panicking. What do you want? Affordable housing or protect the boomers investments?

[Anonymous No.53859004]

>>53858804
Their will be a slight price spike due to retards like this buying up land and trying to resell it immediately. Once they realize that they only push more people away, they will be forced to take heavy losses as everything crashes down in price even faster. I hope this is the final solution to the house flipper menace

[Anonymous No.53859011]

>>53858995
They've basically forced bondholders to forestall bankruptcy proceedings against all the developers. All their three red lines did was prevent an unsolvable mess from getting worse.

[Anonymous No.53859018]

>>53859004
He's already got land bags, the message is probably trying to entice flippers to buy them before the value collapses.

[Anonymous No.53859020]

>>53858995
Yes chang everything just as planned.

[Anonymous No.53859037]

>>53858958
Declining birth rates != declining population.

[Anonymous No.53859049]

>>53859037
Because who's going to immigrate to China?

[Anonymous No.53859057]

>>53858804
>>53858869
>>53859004
Kek poorfag mentality detected, and inb4 you calling me a property baggie. I've made it many times over and yes property is a part of my portfolio

[Anonymous No.53859122]

>>53859037
>i get fucked in the ass != i'm not gay
Possible, but it could be false as well.

[Sage No.53859132]

>>53859057

Eyyy we found one lads! Kys or I'll do it for you (in Minecraft) when we're in total anarchy

[Anonymous No.53859134]

>>53859057
Selling at the top is nothing special anon. NFTfags that sold well before that market died would say the same thing

[Anonymous No.53859156]

>>53858804
They were already planning on buying up all the houses, now they frame it as saving the housing market. They are still trying to realize their goal of home ownership not being attainable for the middle class.

[Anonymous No.53859165]

>>53858804
even if the housing market crashes houses aren't gonna get much cheaper i dont see any big crash happening because the homes are still in demand

[Anonymous No.53859182]

they're going to time this collapse with AI taking half the jobs. considering the AI buzz just started getting pumped by the media, I'd say give it a few months yet. then we will see what they really meant by the term 'great reset'.

[Anonymous No.53859293]

>>53859037
In China's case, it's both.

Nice yellow ID btw

[Anonymous No.53859308]

>>53858804
>''We'll provide exit liquidity for you!''
ebin, certain richfags are just doomed to be poor

[Anonymous No.53859315]

I work in construction how will this affect me?

[Anonymous No.53859597]

>>53858804
protip: banks tend to sell houses of people who were liquidated for cheaper on average than the market price

[Anonymous No.53859610]

>>53858804
>I'll buy all the houses
Isn't that charitable of him. I assume he and his friends will hold the few trillion in perpetuity too?

[Anonymous No.53859618]

>>53858958
The real estate (in many cases, just IOUs for future real estate) is held by the population, so it'll be they who get totally wiped out, and after having put their entire extended families' savings into it.

[Anonymous No.53859629]

>>53859037
No, but they have both.

[Anonymous No.53859689]

I do wonder sometimes if there will ever be any change in this nonstop chaos of speculation, debt, credit, and all out "money" throwing pandemonium that doesn't even involve real money based on anything concrete and tangible. Will there ever be a housing crash or any other type of economic bubble pop, that will cause people to think, "maybe we should keep a check on all this speculation and corruption by huge funds and firms that causes the whole country to sink and flood, losing and gaining money like a rollercoaster?" but probably not. There will be a huge crash or bust or whatever you want to call it and then yet again people will buy more crap and invest in more nonsense that has no real source behind it. At least as a poor sack of shit I can rest assured that I don't have to worry about it because I don't own anything

[Anonymous No.53859712]

>>53859610
We need them up there to fleece us, and we are very fortunate they are up to the task

[Anonymous No.53860144]

>>53859689
The people who run those huge funds are the people who run the country. Not votere.
So no, it won't stop any time soon.

[Anonymous No.53860489]

>>53859134
I've made it thru two bull markets, each time massively multiplying my networth, don't put me in the same sentence as useless nft cunts kek, absolutely disgusting, only creators of NFTs actually make money, everyone else speculating on them are literally just being taken for a ride

[Anonymous No.53860499]

>>53859132
Kek just look at this poorfag mentality, it's sad to see. Get back to waging at Wendy's, and don't fuck up my shake

[Anonymous No.53860517]

>>53858804
why is a "price crash" bad for me as a consumer and why do I need to be "saved" from it?

[Anonymous No.53860535]

>>53858804
Grant Cardone is 85 IQ on a good day.

[Anonymous No.53861496]

>>53858967
The government actually made it worse when they put a cap on how much debt a company could hold. This is what caused the Evergrande crisis

[Anonymous No.53861502]

>>53859037
They’ve had declining birth rates for 50 years and declining population for 15 years retard

[Anonymous No.53861533]

>>53858804
still waiting on that crash you fags have been calling since 2020 lmao

[Anonymous No.53861568]

>>53859689
the only golden hope i see is that going off-grid is becoming cheaper and easier every year. Smart anons will get their living expenses down to a trifle and stay afloat no matter what, creating new communities outside of whatever shit the fed and central bank is doing. a "collapse" wouldn't effect these people very much. so long as there is a local militia to shoot brown people.

[Anonymous No.53861579]

>>53858841
Very sad what happened to this show. Was extremely based before the internet got ahold of it

[Anonymous No.53861788]

>>53861568
The feds would call such groups racist white supremacists (even if they lack based militias), bury them under specifically written property taxes, and arrest them all.
Can't have people being largely independent and self-sufficient. They might give the masses some ideas.

[Anonymous No.53862236]

>>53861568
>>53861788
Such a "community" needs get destroyed as quickly as possible by the CIA, DEA and FBI. I'll infiltrate and report you immediately

[Anonymous No.53862260]

>>53861579
>before reddit got a hold of it
Fixed

[Anonymous No.53862293]

>>53858804
Grant is calling for organized market manipulation, we need to remove the "buy" button on real estate temporarily to ensure fair and orderly markets.

[Anonymous No.53862309]

>>53858804
The definition of buying bags and catching knives.

>>53858997
Millennials are the next big generation so politicians are going to start pandering to them next. Bommers have about 10 years of representation left.

[Anonymous No.53862319]

>>53858821
He made all his money off of rentoids so of course he says that.

[Anonymous No.53862469]

>>53858804
What would we all do without kind billionaires like Grant Cardone?

[Anonymous No.53862492]

>>53858958
How much is a home in China like 50 bucks? Kek

[Anonymous No.53862532]

>>53858804
Investors are the first to dump property at the signs of decreasing values.

Families that live in a house typically stay there even if they are upside down in mortgage value because the alternative is uprooting their entire lives, moving/renting elsewhere and paying all of the closing and moving expenses.

Investors are only binded by a 2 month notice or lease period. Or nothing if it isn't currently rented. And they'll dump to buy back a year later at lower prices.

[Anonymous No.53862551]

>>53862492
This
>>53859618
poster is the most correct. China has an insane level of wealth difference between its largest cities (Shenzhen, Shanghai, Beijing, Chongqing) versus more provincial cities. Any metric of home affordability that's bad here is 5x worse over there. Demand for housing in hot markets and real estate speculation are so high that it's not uncommon for people to prepay for apartments in full before ground is even broken on the development. This all began with Deng, but greatly accelerated post-2008

>t. someone who lived in Shanghai during the GFC

[Anonymous No.53862736]

>>53859057
Your financial future is determined by whether or not someone else, who is likely going through a lot of financial hardship right now, is willing and able to pay your debt obligations. Yeah fuck that.

[Anonymous No.53862831]

>>53862551
>China has an insane level of wealth difference
aren't you guys supposed to be a communist country

[Anonymous No.53862871]

>>53862532
Most investors don’t sell shit unless they need to. They pretty much exclusively adhere to the buy and hold forever strategy.
I also very much doubt anyone doing it now has ever experienced one let alone many market crashes.
Ironically enough the best time to sell is when the market is doing the best but when markets are doing the best people have so much paper (unrealized) gains that they use it to reaffirm their savvy and hold on for more.
What ends up happening is the same as every market. It’s good until it’s not then it’s a rush to exit. When rates inevitably jump again and buyer demand dries up the light will finally go on in everyone’s head who hasn’t figured it out yet that people have run out of money and can’t buy. Then everyone wants to list to sell the top except it’s not the top anymore the top was last year and this is a dead cat bounce at best

[Anonymous No.53862886]

>>53858804
don't care never selling

[Anonymous No.53862900]

>HERE IT IS IT'S HABBEDIN
>IN TWO WEEKS TIME EVERYONE WHO IS RICH WILL BE POOR AND I WHO AM POOR WILL BE RICH
>THAT'LL SHOW EM
>THAT'LL SHOW EM ALL

[Anonymous No.53862905]

>>53862831
>China
>Communist
lmao

[Anonymous No.53862912]

>>53858997
>The govt has been trying for years to make housing more affordable.
u wot

[Anonymous No.53862923]

>>53858804
Grant Cardone is a pedophile. He has close ties to Epstein

[Anonymous No.53862934]

>>53862831
I'm not Chinese, I was an expat. China's wealth difference mostly comes from the fact that the incredible economic growth has come through the exploitation of cheap labor at scales that other countries can't surpass. China needs an internally stateless population of migrant workers to serve as a pool of transient, fungible labor, so life in the countryside is stagnant

[Anonymous No.53863367]

>>53858997
>protect the boomers investments
lol fuck em.

[Anonymous No.53863523]

>>53858804
>billionaires will buy houses for cash after it crashes
Yeah this happens every time lol

[Anonymous No.53863559]

>>53858958
>western housing may decline
YES, IT'S GOING TO ZERO CHUD
>China's housing bubble is also going to pop
WHAT, NO, IT'S DIFFERENT THIS TIME!!!!

[Anonymous No.53863576]

>>53858804
If only land and concrete doesn't get a tax

[Anonymous No.53863885]

>>53859689
you think this is bad? this? this chicanery? read the creature from jekyll island. speculation will never go away, from tulips to stock in the south sea company, you can even invest in pirates in somalia kek

[Anonymous No.53863903]

I bought a BIG HOUSE for 250k and SOLD for 4m so good night.

[Anonymous No.53863937]

>>53862492
A squate feet of real estate in Beijing is about $2k. The average pay is $1.5k.

[Anonymous No.53863982]

>>53858841
>why should millennial filth own houses? You're only 36, plenty of time. You fucking loser, when I was your age I had 3 kids and was making 100k a year, why do you think you need 30 dollars an hour be grateful and get that wendy's job you loser that's what you get for going to college
Everything they say is backwards and contradictory lamo.

[Anonymous No.53864086]

>Local realtor just put up 5+ lots ranging from 9-40 acres in town all on the same day
They know shit's going to go down soon

[Anonymous No.53864116]

>>53858958
They’ll just import like half of Vietnam before the demographic crisis hits.

[Anonymous No.53864129]

>>53862309
According to other anons(!) that image is useless because most of that credit card debt is regularly paid off in full.

[Anonymous No.53864181]

>>53863982
Lol I know,
>You have to pull up your boot straps and find a way to afford these new prices! I know what I got now pay!
>Wait not like that! Why have you stopped buying houses!?

The only people suffering right now are the "RE is easy money" boomer investors and I'm loving it.

[Anonymous No.53864232]

>>53864129
>According to some random niggerfaggots on a chinese cartoon forum, your data is debonked!

[Anonymous No.53864241]

>>53864129
Then they're missing the point of the chart.

[Anonymous No.53864450]

>>53864129
Could be true... until their car needs new brakes