We officially in 2008 now.
>>62574576Interesting, there is a crash in Aus happening too. People blame new housing policy but as more evidence comes out worldwide it seems a shifting of the tides. Would be wonderful to see a world wide collapse just as all these new immigrants loaded up with debt out their tits.
>>62574576>"Its largest drop in history">History is 5 years*yawn*
>>62574597>>62574576No we aren't. Nothing close
>>62574576you should buy the dip if you want free money btw. 2008 was a one in a million asteroid event probability wise, mortgages are the safest investment there is.
>>62574576we are in 1998
>>62574648>2008 was a one in a million asteroid event probability wiseit had a probability of 100%, since it happened, you fucking retard
>>62574704and AI is going to turn out to be a giant nothing burger just like the y2k bug
>>62574648There doesn't need to be some epic implosion in the mortgage prices for brokers to take a hit. Its a volume business, the more mortgages that get created the more money these people make. If people take out fewer mortgages and smaller ones at that, the brokers see drops in their earnings which is reflected in their stock price.
