How do you reply to this without sounding like a doomsayer?
>>62598824You think you should care but you shouldn't
America is a land of opportunity.
>>62598824It all makes sense on paper, housing, we live in housing, so it MUST be important, it's not
>>62598824>replywhy?
>>62598824listen to me, why are you afraid of homelessness?well i'll tell you, people around you are evil that's why you need a literal bunker to hide in while people walk around and do their stuff ignorant of the evil, more people are becoming aware of evil
Housing will not crash because goys arent giving up their 2% mortgages The only thing you can hope for is a massive unemployment spike followed by defaults
>>62598824You don't need to buy a house. Renting was always fine and arguably the smarter choice. Renting gives you freedom and mobility which is key in the global AI technological future. You will want to hop between countries as western democracies start collapsing under their debt loads. This is actually a good thing that people are starting to rent more.
>>62598850You don't need to do any of this, just live in a pod
>>62598835maybe if you live in a niggerhood and everyone is in a perpetual state of keeping to themselves lest they become prey
>>62598824Chainlink solves this
>>62598856Im glad you mentioned it because I do live in a niggerhood of britain, im doing everything in my power to achieve escape velocity, godspeed
>>62598864good luck anon, those places are not nicepeople always say male spaces are much more loyal and honorable than female spaces but if you grew up in the hood you'll know it's not even remotely true
>>62598861It doesn't, but keep on HODLing baggie
>>62598835Replace evil with brown and youre correct, maybe that was intentionally
I'm not concerned, my boy Larry at Blackrock will help make up the difference B)
>>62598875Brown yeah I agree, absolutely zero social cohesion where I am
>>62598824I drive around Canada and I see tons of “SOLD” signs by properties. It fills me with dread because the market is still hot and prices will just keep going up, home ownership will be a thing of the past soon
>>62598843Which would cause a crash. '08 was triggered by a lapse of confidence in the potential payout of the subprime mortgage bundles. Who's the spark to pull the cash?
>>62598867Expecting animals to behave like humans is obviously going to lead to some confusion.
>>62598884I work at blackstone and im sick and tired you goylems are mixing us up
A war in the middle east solves this. Trust the plan.
>>62598824>muh economy crash soon this time for realIm hearing this since 6 years now.
>>62598824Millennials have experienced two recessions, one of which was the housing crash. They don’t believe houses can store wealth, so they try Bitcoin, or ETFs, which have looked safer than individual stocks in the last 10 to 20 years
>>62598824I voted for this
>>62598976The ugly truth is that people only want houses when prices go up, and no one even wants to mention real estate when it goes down like bitcoin
>>62598953And non-farm payroll shows a current unemployment of 4.1% which is very healthyYawwwwnYou dont have to buy anon, the indians and spics are doing it for you.
>>62598824Too many poors. Back in my day anyone could afford to buy a house so the only reason there aren't many homebuyers now must be because people are too lazy to work and waste all their money on avocado tacos
housing market is going to crash. it's inevitable at this point. go look into how many americans can afford a $1000 emergency without borrowing. look into how many americans over 50 have nothing in their retirement accounts. then go look into how many of those people own their own home. millions of americans are house poor and one missed paycheck away from foreclosure. that's not even accounting for all the boomer real estate moguls leveraged to their ass on helocs. the only thing that will save them is a bailout, which is likely considering how many of these house poor grifters vote for trump.
>>62598843>Housing will not crash because goys arent giving up their 2% mortgagesPretty much this. Everyone else will have to choose between overpaying for a boomer shack, overpaying for a luxury cuckdo, or living on the street
>>62598976homo ners would happily destroy the world if it would protect their zestimate
>>62598824Even despite this, homeowners trying to sell are still asking ridiculous amounts for their 100 year old shit boxes.
>>62598835Someone lit a homeless guys tent on fire with him in it where I live. Just pulled over, torched his tent, and drove off.
>>62598850Pods are not ideal for raising children in. Don’t hit me with that doomer faggot “hurr durr why would you ever have kids?” Not all of us are childless faggots.
>>62598825I dont care because IVe given up on US. If I hadnt I would.
>>62599046It's alright. AI boom produced A LOT of Americans who can buy all of those houses now. Just wait, they'll retire early in 3-5 years, and will buy out everything.
>>62598976>work hard So can boomer niggers show any point in time where the average house costs 1-1.5 decade worth of salaries?
>>62598824>Oh no, think of the poor real stateSaid nobody ever.
Excuse me, Mrs White?The number of homebuyers is at its lowest level ever recorded. Can you please drop the price from $1M for the 1960's house with lead pipes, no AC, and a garage that wont fit a modern vehicle? Please it was only $200K in 2004...
>>62599070I'm evil, nigga.
>>62598850this anon knows whats up. you must BECOME liquidity to survive the coming collapse.
>>62599136anon you ever think the value of your money just isnt worth what it was 25 years ago? >he still believes the government's inflation statisticLolLMAO even
>>62599205ok i guess a million is a fair price. sorry
>>62599215You can ask whatever you like, the probability that you receive what you want is close to 0
>>62598824That number doesn't matter to me. Number of people unable to pay their mortgage would be interesting
>>62599230Residential 2%, commercial 6%. Up 100% over 2 years
>>62599245Yeah I'm sure if up over the literal housing collapse in 2008 kek. RETARD
>>62599248Those are the numbers by the FED
>>62598824We just have a quagmire situation where boomers don't *really* want to sell they just want to get rich. A lot of mortgages are too low to refinance, suicidal to refi. You now see the worst mortgage signups in many decades. There needs to be extra taxes on homes to offset the mortgages from 2020. pied-a-terre or something else that makes having more than one distasteful. This hopefully gets lots of 2020 homes out of the possession of boomers and to millennials and also hopefully reduces the home prices since it becomes a buyers market again. The tax could be used to pay for lower income middle class buyers who get incentives to help them buy the stuff that gets dumped.
>>62599378>>62599378*tax revenueAlso yes I do expected 20000 death threats by my desk by Monday morning and to be called Wealth Redistribution President by FOX News. My presidency is going to be many peoples version of Trump.
>>62599051I have $900k liquid, an ancestral land and home I am expanding in southeast asia through my gfAlready fully owned abd operational kek. Total cost was probably $30k so far with a bball court because I'm a wigger in that way. Her mom covered 3/4.
>>62599378That would instantly crash banks and pension funds that rely on an at least stable collateral value, which is by a large margin same-asset-collaterized real estate ponzis
>>62599413Should i be going more in on the east soon? I still have a $250k cash plus equity role in USA, but would prefer to drop the tech career for almost anything else palatable
>>62599215also anon you don't need to live in a suburb 10 minutes from a large citypic related, looking to upgrade from my 3000sq ft house to something like this.
>>62599450why would you bother upgrading for 25% more room?
>>62598824how is that bad?on an unrelated topic: I love this bot campaign of blaming brown people for everything >>62598875. as if americans weren't the most evil nation on earth.like, when you see videos of homeless people in cali, or fent addicts, you see a lot of white people. why aren't "whites" helping them if you are such good people? because you are extremely individualistic and don't actually give a shit about your race, country or anything
>>62599452its more for the acreage, my current house is on 1/4th an acre.living in a large city is a complete meme. just vacation once a month if you can't stand not being down the street to a goyslopperia
>>62599450i've lived in FL my whole life and never heard of brooksville. sounds like one of those places where the water smells like rotten eggs.
>>62599489its an hour north of tampa.
>>62599460>because you are extremely individualistic and don't actually give a shit about your race, country or anything
>>62598824>How do you reply to this without sounding like a doomsayer?You can afford a home.Yes, (You) the chef at Wendy's
>>62599536>The per capita income for the city was $21,878. About 24.6% of families and 39.6% of the population were below the poverty lineLol. Looked it up for fun - there's exactly 1 (one) Wendy's in that shithole. And 2 McDonald's. Lmao.
>>62599536is the best you can do literally over 100 years old?
>>62599555there's nothing wrong with old houses as long as their well maintained.
>>62598850>Renting gives you freedom and mobilityThis is what people don't get.Almost all "high end" jobs these days come with a real estate agent whose job it is to get you in the most expensive house you can "afford."COMMISERATE WITH YOUR PAY AMIRIGHT?This means you can't leave. They have tens of millions of people over the barrel this way.It's very clearly orchestrated. Every MD job, every high end engineer job, they hand you real estate options in the area.t. knows and it's every time
>>62599536>built in 1888lmao enjoy arsenic poisoning and copper toxicity
>>62599561outside of being insanely overvalued and going to lose their value over the next optimistic 30-80 years, sure.
>>62599561there is A LOT wrong with old houses that will poison you if you live there
>>62599578idk anon. 80 years ago housing was a lot cheaper. I don't think waiting another 80 years is a good strategy.
>>62599583any house you buy will require maintenance and renovation. if you can't accept that you are better off renting.
>>62599555>>62599571I thought you niggers liked old architecture.
>>62599588>>62599589>buy my 150 yr old house goyno thanks. stop trying to pass this off as the american dream
>>62599630Kike I'm as averse to the retards sucking off old, rotting buildings as the next guy.
>>62599584The best strategy for the next 80 years regarding shelter is not buying at the literal century top, but to be a rent nomad exploiting desperate owners
>>62599646Lmao the government is printing 400B a quarter and you think housing is gonna go down in price?
>>62599554Illinois minimum wage is $15/hr. The estimated mortage payment is $792. Do the math. You can afford it.>>62599555It's not better because it's old, it's old because it's better.>>62599571Ate you even trying? The key FUD words are lead and asbestos anon. What kind of retarded qwen bot are you?
>>62599653>Illinois minimum wage is $15/hr. The estimated mortage payment is $792. Do the math. You can afford it.I can't afford to live in a 28k population shithole with 1 Wendy's. It's a luxury reserved for the retired old people with nothing going on in their lives.
>>62599670Carbondale has SIUThey have an Amtrak station with 3 round trips a day to Chicago, 1 to New OrleansThey have busses that will take you anywhere in Carbondale every hourOne bus goes out to Marion and another to MurphysboroThey even have an airportIf you can't find a single job in Carbondale, that's a you problem
>>62599649Yes actual sales prices and the rent to have the on paper 5M asset somehow produce cashflow instead of being a pure cost, which is going to be an extremely competitive market with demand for shelter pointing down with a deflationary demographic.>B-But re-mortaging and increasing paper valuationHow willing do you think are loan providers going to be accepting real estate as collateral when they are perfectly aware how illiquid the market is?
>>62598968it did crash in 2020, 2023, 2026 isnt going well at all
$125,000 and you can have the house you see herehttps://www.zillow.com/homedetails/7486-Stewarts-Wharf-Rd-Exmore-VA-23350/194783932_zpid/?
>I want cheaper housing>NOT LIKE THIS THOUGH
>>62599679I don't know what schitzobabble you are talking about but yes, banks will always be willing to prop up the real estate market because that's how they make their money. if prices go down then future principle on borrowed money goes down.
>>62599136That's now how you ask her anon. You say,>Why would I want to live in that brick shack when I could live in picrel for $360,000? Seriously, sell me on it. Why should I pay a million bucks to live in Golden, CO?Then give her the link.https://www.patrice-besse.com/annonces/appartements-a-vendre-Dans-la-Drome-des-collines--pb644439
>>62599781
>>62599763That is not how they make their money that is how they have collaterized their awful books to appear healthy for the short period of 40 years, only that in a market where some boomers heirs are trying to get cash quick and fall over each other to get cash from an illiquid market each unit on a banks book is turning into a lliability that could quickly make the books really unhealthy. The last thing that a creditor wants to do in such an environment is load more toxic collateral and liabilities into their books
>>62599781*not how you ask
>>62599794your argument makes no sense. you say the creditors don't want real estate but you also say they're already collateralized by real estate. if they are deeply invested in the market then they have an incentive to not let it fall apart.
>>62598824InterestingAnyways, time to raise ze rates again
>>62599804They have an incentive to scale their exposure to the liabilities down, which admittely was a nice scam for the past 40 years, but the chairs are quickly disappearing and the music stopped. the last things the creditors want to do is increase their exposure to an illiquid market
>>62599816bankrupt is bankrupt no matter how much they hedge their exposure, which none of them are doing.
>>62599756Thats tiny, no way i fit in there
>>62599819>bankrupt is bankrupttrue, though fooling share holders that only read marketing material that are derived from awful books that go shined with accountancy magick has been surprisingly easy for the past half century>None of them are doing who are you trying to convince, yourself? Please tell me you are one of those boomer minds in their late 60s that are using phrases like>I don't care if you don't give me what I ask for>The bank is going to buy my house
>>62599450>built in 2023yikes
>>62599829your arguing both directions again. either the books are terrible or they are hedging their exposure. it can't be both ways. sounds like you are just coping.
>>62599074I love seeing you kidcucks seethe at free childless men. You got what you wanted: your keeds, and you're still not happy. Sleep in the bed you've made, bitch.
>>62598973>safer>hasn't made a profit im 5 yearsYeeshI'm a millennial and thank God you don't speak for all of us. Like zoomers saying Gen Z was sold college more than any other generation like bitch that is literally millennials. Zoomers already know the job market is fucked so they don't have the same incentive to do school. Millennials had false hope.
>>62599837source?
>>62598824>FUCKING BOOMERS I CANT AFFORD A HOUSE!!>THERES LESS BUYERS. THAT MEANS THE HOUSING MARKET WILL COLLAPSE!! AND THATS BAD!!!zoomers want cheaper houses and they'll get them soon. Why are they complaining about it?
>>62599070they would do that to you if they could get away with it
>>62599833The books are terrible, if looking under the hood and applying realistic marketable value to the collateral, instead of fantasy valuations. And currently the paper valuation of the more and more illiquid real estate market is still shining the turd, while the exposure, knowing about the increase of supply on an illiquid market over the next decades, is quietly being reduced.
>>62599841Overlay the stock market with crypto market, it diverged three years ago. Dow went up while crypto plummeted and grabbed. There's your fucking source. Or if you're asking a source for millenials and zoomers I can't help you zoomer.
>>62599860thanks, I can safely ignore all your posts from now on
>>62599872And I can filter you forever too, dumbass.
>>62599756Bruh the roof is caving in
