You need to know what a home equity investment contract is. Don't sign one or let anybody you know sign one.https://youtu.be/fhXx7wWQ1_A
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>>536229157>>536229294>>536229349>>536229357>>536229389>>536229421Nice.
Is this like the subprime stuff?
Good job everyone
>>536229120And there are people in the US who defend jews.Fucking Stockholm syndrome.
If your boomer parents do this to your inheritance, I don't really know that the Jews are responsible.
>>536229588Worse.It's a cash advance on your house with no payback model until the term is up.
>>536229961Go look up the CEO of blue own capital.
>>536229962Yikes! This... cannot be sustainable.
>>536229962Ill let a few people know about this kinda new tactics, and by know about it I mean I will recommend it to them.
>>536229157>>536229294>>536229349>>536229357>>536229389>>536229421witnessed, I love when this board works together for the greater good
>>536229120This used to be illegal not long ago, and I bet a bipartisan effort made it a thing again. This government exists solely to fuck everyone. >>536229157>>536229294>>536229349>>536229357>>536229389>>536229421Bravo
>>536229120Let me guess, this is some new way for niggers to spend money they don't have on shit they don't need to impress people they don't like? And this is going to impact me or my white friends and family how?
>>536229120America sucks
>>536230488Shoddy practices like this drag down the economy for all of us.
>>536229157>>536229294>>536229349>>536229357>>536229389>>536229421Well done boys
>>536229120I'm not watching a 17 minute video. Post timestamp.
>>536229157>>536229294>>536229349>>536229357>>536229389>>536229421witnessed
>>536229962ok im goin from mormon lego cartels to credit card house shit, getting a coffee
>>536229157>>536229294>>536229349>>536229357>>536229389>>536229421>>536229423>>536229456nigger, plus a bonus
>>536230488>scammers aren't scamming me so who cares?I don't want scammers to be rich in my society.
>>536229120Just read an article explaining them here:https://www.cnbc.com/select/what-is-home-equity-sharing/#what-is-a-home-equity-agreement-and-how-does-it-workYou're right; but it's too late at night for me to fully detail the many ways it's a fucked up system. But you can include:> It counts on the hyperinflated housing market to continue to be hyperinflated> it scams the person by making them pay for their own losses. So it's not 'they give you money, you give them back money later'; it's 'you give them money, then you give them back what they gave you, plus about 3x that amount'. In other words, you don't GET anything of value because you're having to give it back later.> it will be aimed at the vast number of people who don't have anywhere near enough to survive on once their age and health prevent them from working> Like all cons, it also works because it's wrapped in a system which appears on the surface to be a free money situation
>>536229120Nothing will happen because our economy can't even fall apart, it barely even exists
Goyims dont deserve to own real estate so this is just a return to serfdom
>>536229120Not buying anything unless home prices return to pre 2020 levels. >paying 350K for a literal molded box in some decaying shit hole town No thanks.
>>536229157>>536229294>>536229349>>536229357>>536229389>>536229421Bravo
>>536229962>>536230108It's such a wonderful life to own your home and have zero debt. My required monthly expenses are less than $400, everything else is disposable income. I work part time do-nothing job, do whatever I want, completely stress free, no problems, no drama, comfortable and happy, fully funded roth, truly an awesome life. I watch my "successful" friends spending 2/3 of their income on a mortgage and interest on student loans, car payments, heloc. They are a quarter million in debt and the reward is they work 60 to 70 hours. Insanity.
>>536229582
>>536229157>>536229294>>536229349>>536229357>>536229389>>536229421Finally. Excellent job, frens
>>536229157>>536229294>>536229349>>536229357>>536229389>>536229421
Don’t think of it as the bank owning your home, think of it as me, Tom Selleck owning your home. ‘Hey honey, put out an extra plate, Magnum PI might be stopping by to check on his investment!’ Hahaha. No, but seriously, put the fucking title in the bag and walk away. Just walk away. You want a trip to St. Lucia, I want to liquidate your children’s inheritance into gold coins, put them in a swimming pool, and swim around in it like Scrooge McDuck while I puff a fat stogie and chug scotch. Let’s work something out here.
>>536238769DAY OF THE PILLOW Complete boomer expropriation can't come soon enough
>>536238769Last week my grandpa killed my grandma because she thought she was communicating with Tom Selleck. Then he killed himself. Everyone in the family was embarrassed when this was going on and we knew the arguments got heated. My mom just kinda shut down since it's been a couple days..
>>536240364A tale as old as time.
>>536229582WE DID IT REDDIT
>>536233326its a ponderous video that is hard to follow even when it tries to explain it because it cant help but continuously insert sensationalist filler every second, third, and fourth sentence.The gist is that you sign a contract to be given a percentage of the value of your house when you sign. Then at the end of a specified time period, like 10 years, you have to pay that same percentage back based on the value of your house at that point. So if your house doubles in value you wind up paying back twice of what you were given, etc.If your house becomes worth less you have to pay back less.The video throws out a bunch of percentages (20%, 22%) based on single calculations or averages they have worked out and tries to compare this to an interest rate deceptively as to insinuate that that is in fact a locked in amount of extra that people will be paying.Overall its a scummy practice because by and large it does seem like it will probably be ripping most people off, but the video is also a scummy practice for not explaining the whole thing in a 5 minute video with out trying to dazzle people with fearmongering over unspecified dangers and stating things in a way that make averages or likelihoods come across as absolutes.If i was conspiratorial minded id say this video is evidence that there is about to be a housing collapse and its trying to keep people from taking out these contracts.
>>536229120Does this mean new home crash on the horizon? Boomer holocaust?
