>Go to silver>Go to weekly>Look at the three major tops, look at the dates.>1980>Google search:>"The housing crash of 1980">2011>Google search:>"The subprime mortgage crisis of 2008">2026>Google search:>"Can't sell house"This time is different though, right?
can't wait to buy a mansion with 500oz of silverhoomers are gonna get so rekt kek
>>61911771I can't imagine it'll be that bad for most hoomers. The average will only be -50%.
Houses are just NFTs for boomers
>>61911742It’s like homes will be men’s wivesAnd they will be forced to sell them for me to enter through their front door and back doors for cheapTheir entire home will have me inside
>>61911742Im not as smart as you, anon. Explain it to me so I understand what youre saying.
>>61911917Silver (and gold) hitting record highs is a top signal for the housing market and the housing market hitting the top is a signal for (the market) hitting the top.If you go outside and look around, (they) are spam dumping new construction houses everywhere. It's a sign. They are selling.
>>61912197>If you go outside and look around, (they) are spam dumping new construction houses everywhereBut thats a good thing?
>>61912548>(((they))) are making record profits by building cheap prefab houses and dumping them onto the market at highly inflated prices, and people are buying over prices assets which will lose half their value>And the government is subsidizing those companies to build those houses>And that's good.Sure, it's good if you're the construction company dumping the houses. But it's not good for everyone else. Housing tops are an indicator of 4+ years bear markets. Then if you take into consideration that housing tops combined with bear markets are also an indicator of massive job layoffs and high unemployment records and THEN take into consideration that consumer debt is at all time record highs AND THEN take into account that housing debt is ALSO at an all time high.Your average person is over leveraged holding assets that are about to depreciate by a considerable amount with the very real threat of being fired from their job and the job market also crashing.AND THEN take into consideration that the cause of the great depression was exactly that.Over leveraging. AKA being in too much debt. And if the AI bubble pops at the same time and copros start defaulting, you've got a recipe for disaster where banks start failing (like they have been) while their biggest debt holders (corpos) are defaulting on their credit and going under while firing all their employees and selling their assets at severely depreciated values to the next biggest corpo making the monopoly even worse.Yeah. That's good.
>>61912658>Housing tops are an indicator of 4+ years bear markets.>Then if you take into consideration that housing tops combined with bear markets are also an indicator of massive job layoffs and high unemployment records and THEN take into consideration that consumer debt is at all time record highs AND THEN take into account that housing debt is ALSO at an all time high.How did you kearn all this anon, got any books to recommend?
>>61912688I didn't get it from books. Just from looking at what's been happening and thinking about it. Honestly, mostly just looking at graphs. You can also look up the housing boom of the early 2000s where the average price of a house nearly doubled. Which is exactly the same circumstance we're in now. It started in roughly 2000 and ended in roughly 2006, where the housing bubble started to pop.And the same thing happened from 2020 to 2026. Housing bubble.https://fred.stlouisfed.org/series/MSPUS
>>61911742oh no, the house I paid $70k for is only worth $500k, not the $1.2MM it used to be!
>>61912832Zoomoid spotted. Most people alive now did not buy their houses in 1980. And the people who were lucky enough to buy a house in 1980 for 70k surely won't be able to sell them for 1m or 500k because those houses are worth roughly 300k, depending on location. But again, those are the absolute minority of people. For someone to buy a house in 1980, they'd have to be at least 20 years old. Which means they were born in 1960 roughly and that population of people makes up about 25% of the population. Not only that, that population of people didn't buy houses and hold them. They were very prone to moving around a lot. Most people bought their houses within the past 5-10 years, the lucky people bought after 2009 and sold for an easy double to some younger generation kid for their first house. Which means the people losing on their houses are the people born in 1990-2000. The people buying their first houses. The people who are debtmaxxing and over leveraged.
>>61912965>he doesn't know what houses were selling for 26 years agoin the 80's my house sold for $10kin the 90's it was $40k
>>61912978In 1980 the median house was 70k and average was around 50k. In 1990 the median house was 120k and the average was around 95k.What'd you buy, a fucking 70 year old single wide with 3 feet of grass on either side?
>>61913021no I bought a house in a mining town at a time when mining was dead and everyone was moving awaythen it became a tourist town near several major resorts.Now it's worth millions on paper, but I don't plan on selling it any time soon because I like living here. >a fucking 70 year oldMy house is almost 150 years old
>>61913021also you seem blissfully unaware of locationMedian is heavily influenced by the entire east costing 10 times what rural areas doin 2000 the usual house in the panhandle of texas or oklahoma was selling for less than $10k. I paid 70k for my house, I could have bought ten houses in texas for the same price
If house prices crash I'll lose a big chunk of my inheritance, but my entire plan for the inheritance was to use it as a down payment for a condo, so maybe it's a wash?
My dad bought our house in 1988 for 675k. If got up to 2.9 mil before the crash and he sold for 1.8 mil after the crash.
>>61912197Silver has more industrial uses than ever. Samsung just unveiled plans for a stable battery that requires kilos of silver per unit. The ramifications are quick charging EVs that go 1000 miles on one charge, drone cars that can go even further...Tech has changed and so has the demand for silver. Couple that with low rates of production around the world and you have a perfect storm. It isn't even a store of value anymore, it's a highly necessary commodity in short supply.
>>61913083Flying car drones*
>>61913058Wildly irrelevant boomer. My parent's small shitty house near D.C. cost them $95k in 1994 and now it's worth $500k.
>>61913076Holy shit you're rich as fuck. It's hard to even imagine what a $675k house in 1988 was like. Some kind of literal 12,000 square foot mansion on 6 acres in a prime location.
>>61913037My point was that you're nowhere near the average person. MOST PEOPLE did not happen into the situation you did. They bought houses for significantly more. Not only that, they bought them in residential areas where the prices did not skyrocket, they just gradually increased. Your situation is not indicative of the average. That's why I'm bringing up averages and means. Because that's what most people will encounter. But also, there's a very real chance that your situation is significantly worse than you realize, depending on how bad things get. Especially because you're living in a place that experienced a boom and if the nearby land upon which the houses are built is owned by people who are severely in debt default on that land and the prices plummet and the tourist attractions go out of business because everyone loses their fucking houses and their jobs and all their money.There's a non-zero chance your little antique house goes back to $10k and you lose your cushy job.
>>61913156>MOST PEOPLEyou don't understand that the median house doesn't represent most people? Right? The median price doesn't mean the median population?Back in my day kids had to learn math in school. You kids seem retarded by comparison.
>>61913083The same thing happened in the early 80s with gold and the PC revolution. The amount of gold that was used in old computers was crazy and it got more efficient as time went on.And I bet you the same thing will be happening with the advances with the current tech. And also the increased demand for silver will increase the supply. The market will react and start producing more silver mines and more silver factories to fill the demand. But then as the tech gets more advanced and more efficient, requiring less silver, the demand will decrease and the once booming silver mines will go out of business because the operation cost is too high. And if you take into consideration, the mines which are are currently expanding to fill the demand are taking on debt to do it...What I'm saying becomes even more apparent. It could be similar to the oil bust of the 80s.
>>61913241If production increases there will assuredly be a boom then crash. I am under no illusions that this is part of a cycle. Currently there isn't enough production but there will be in the next 5-10 years. In the meantime silver will go up in value relative to the dollar.
>>61913289There's one thing that is certain, production will increase, simply because the demand is so high.But, it will probably take a few years for the bubble to burst, unless it turns out that silver is even more necessary.
>>61912197oh noes, such crashhow will I ever recovermeanwhile, enjoy being a paypig for a landGOD or living at your mom's house
>>61913426your day of reckoning is coming, hoomer
>>61913241you're comparing computers in the 80s to now? lol. i can assure you they are already using as little silver as they possibly can.
>>61911871Kek
>>61912658This guy’s a doomer retard that’s been wrong for years but he’s at least right about thishttps://www.youtube.com/watch?v=R2wzImT84sQ
>>61912832Alot of people bought at the peak 3 years ago and many of those who already owned a house took out a HELOC to buy more houses or gambling. There's a cbc story floating around of a nigger that bought a house and immediately took a loan against it to give to a private credit company who then obviously gave it to another nigger that stopped paying and now she's fucked.At the end of the day it's going to be the people who saved cash that gets screwed over, they won't let the trash get cleaned out of the economy.
You're fucking wrong cause you read some stupid dumb shit Google search. I wish it was true. I have stacks of cash waiting to buy but it does not drop and its not gonna drop anytime soon. Stop the lame pipe dream faggot.
>>61914120>it won't drop cuz it can't ok it just can'tcope
>>61913580>it's going to be the people who saved cash that gets screwed overNot sure what they taught you in school but what they taught boomers and gen x is that cash loses value to inflation constantly and you should never save it. At the very least you want your money in the stock market so it's keeping ahead of inflation. Houses are another decent place to save money. Businesses are even better if you're smart enough to run one.It's weird to me to come on 4chan and see kids complaining about how saving cash screws them over. No shit. You should have learned that in elementary school and then had it hammered into your head every year of school after that.
>>61914233>dude just invest in whatever cuz inflationthat's a fantastic way to lose moneythese days they have these things called high yield savings accounts, grampa
>>61914243yes, the other stupid thing you guys seem to think is when we say "stock market" we mean pick some stocksno.we learned you put your money in an index fund because you're not smart enough to beat the market as a wholeyou guys are financially illiterate. We used to teach children better than this
