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Forum » Are coincels the only ones dumber than mortgagecels?
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Thread: Are coincels the only ones dumber than mortgagecels?

post 1670874373 11-08-2022, 12:40 PM
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Are coincels the only ones dumber than mortgagecels?

Bitcoin might be the only “asset” tanking in value faster than real estate right now
post 1670874393 11-08-2022, 12:41 PM
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I bought BTC when it was at $40K...... I regret doing that.....
Everything I post is satire.
Tricknology Grand Master.
post 1670874403 11-08-2022, 12:41 PM
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  1. bemyguest
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Hey!!! But it may be profitable in 50 years!!!! I may be rich!!!!
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post 1670874453 11-08-2022, 12:42 PM
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Fake internet money
Just lol


But you just don't understand the technology bro
-germ theory is 100% fake
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post 1670874543 11-08-2022, 12:43 PM
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Meh this happened in 2018 when Mt Gox collapsed, it's just FTX's turn
post 1670874553 11-08-2022, 12:43 PM
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I dropped 5k on BC right before it crashed. Worst part is I had the opportunity to sell it for a little profit when it dipped back up but I held on like a cuck now I feel super stupid.
Worth about 2k now. Shyyyyyyyte.
post 1670874573 11-08-2022, 12:44 PM
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Originally Posted By N0stradamus⏩
I bought BTC when it was at $40K...... I regret doing that.....
Lemme guess...you're just gonna hold onto it until the next fed pivot and then cash out once it hits 40k again.
post 1670874693 11-08-2022, 12:46 PM
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Greatest ponzi scheme
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post 1670874803 11-08-2022, 12:48 PM
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Who was that guy who was constantly going on about how bitcoin was going to be worth 6-7 figures each in the near future? I can't recall his name (not s0mmi), but boy was he so confident.
post 1670875103 11-08-2022, 12:54 PM
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NFTcels probably win this contest.
post 1670875183 11-08-2022, 12:56 PM
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Originally Posted By JoeDelts⏩
NFTcels probably win this contest.
Are NFTs still a thing? I haven't heard con-artist youtube influencers talk about NFTs for like a year now...
Everything I post is satire.
Tricknology Grand Master.
post 1670876443 11-08-2022, 01:16 PM
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2015 - coincels are so dumb
2018 - coincels are so dumb
2022 - coincels are so dumb

jflmao... When will these nocoincels learn?
post 1670877253 11-08-2022, 01:27 PM
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#13
  1. Jacobcapra
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is real estate tanking?

My house peaked in July, and I've lost 4% since then.


Still up 33% since purchasing less than two years ago.
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post 1670878523 11-08-2022, 01:43 PM
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Originally Posted By Jacobcapra⏩
is real estate tanking?

My house peaked in July, and I've lost 4% since then.


Still up 33% since purchasing less than two years ago.
This is why the housing market will crash hard. People believing their zestimates. Make no mistake if you bought early this year and now officially sell within a month or so. You wiukdnlost possibly up 50%
post 1670878853 11-08-2022, 01:49 PM
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Originally Posted By GeezersPalace⏩
This is why the housing market will crash hard. People believing their zestimates. Make no mistake if you bought early this year and now officially sell within a month or so. You wiukdnlost possibly up 50%
Meh.

If you're a homebuilder and you're sitting on a bunch of unsold projects, you're probably fukked.

Same as if you bought a house in Austin, Las Vegas, etc where there were irrational bidding wars taking place...good night, sweet prince.

Existing homes, especially more modest homes in steady-paced growing areas will probably just stagnate for a couple years.

"If you like your house, you can keep your house".

- not Barack Obama
post 1670879053 11-08-2022, 01:52 PM
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Originally Posted By GeezersPalace⏩
This is why the housing market will crash hard. People believing their zestimates. Make no mistake if you bought early this year and now officially sell within a month or so. You wiukdnlost possibly up 50%
When I bought and sold my first house, zestimates were within bang on within 0.2%. When I bought my current house, zestimate was within 3% (it was an underestimate, it appraised for 10K over zestimate). Across the nation, zestimate has about 4-5% average error. In established and steady markets, like where I live, it's much less.


Keep coping lol if you would just take 2 minutes to read how zestimates are created you would know that there is very little chance that zesimates are far off, and if they are, Zillow tells you as much.
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post 1670879213 11-08-2022, 01:54 PM
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Name one thing that has made thousands of teenage/20 something year old millionaires besides crypto?

There's a massive fire sale today.

Perfect time to start dollar cost averaging yourself to generational wealth.

Not financial advice btw
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post 1670879273 11-08-2022, 01:55 PM
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Originally Posted By CodeMajic⏩
Name one thing that has made thousands of teenage/20 something year old millionaires besides crypto?
The stock market
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post 1670879393 11-08-2022, 01:57 PM
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Originally Posted By CodeMajic⏩
Name one thing that has made thousands of teenage/20 something year old millionaires besides crypto?

There's a massive fire sale today.

Perfect time to start dollar cost averaging yourself to generational wealth.

Not financial advice btw
An almost 10T dollar fed balance sheet is what drove the speculation in crypto...not some future potential utility.

Not sure if srs or retarded.
post 1670879623 11-08-2022, 02:01 PM
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if you're not in crypto, i literally don't value your opinion. I don't care who you are, ded fuken srs.
post 1670879793 11-08-2022, 02:03 PM
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Originally Posted By Jacobcapra⏩
When I bought and sold my first house, zestimates were within bang on within 0.2%. When I bought my current house, zestimate was within 3% (it was an underestimate, it appraised for 10K over zestimate). Across the nation, zestimate has about 4-5% average error. In established and steady markets, like where I live, it's much less.


Keep coping lol if you would just take 2 minutes to read how zestimates are created you would know that there is very little chance that zesimates are far off, and if they are, Zillow tells you as much.
You are the one whose coping. Your house is not zellow things it’s worth. It’s worth what someone is willing to pay. They demand in the space of a couple months has collapsed. This woll dontnn in he told collapse for the next few years, and with true continue dropping l, people will Ben forced to sell just like 2008 to 2018. It’sjust the cycle man.
post 1670880203 11-08-2022, 02:08 PM
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Originally Posted By GeezersPalace⏩
You are the one whose coping. Your house is not zellow things it’s worth. It’s worth what someone is willing to pay. They demand in the space of a couple months has collapsed. This woll dontnn in he told collapse for the next few years, and with true continue dropping l, people will Ben forced to sell just like 2008 to 2018. It’sjust the cycle man.
first of all are you having a stroke.


I know how supply and demand works. What I'm telling you is that your doom and gloom outlook is inaccurate, and that while demand is going down, it hasn't tanked so badly that I am magically upside down in my house. The drop in my zestimate is the reflection of the lower demand. If demand continues to drop, so will my zestimate. But it's not like real estate is suddenly worthless.

A great example, open door offers site-unseen cash offers on houses. They are usually rip offs. Mine is something like $330K. I bought the house for 275K and my zestimate is 368K.

In other words, there are companies willing to buy my house for 20% over what I paid knowing they could immediately flip it for a profit.
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post 1670880613 11-08-2022, 02:15 PM
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Originally Posted By Jacobcapra⏩
first of all are you having a stroke.


I know how supply and demand works. What I'm telling you is that your doom and gloom outlook is inaccurate, and that while demand is going down, it hasn't tanked so badly that I am magically upside down in my house. The drop in my zestimate is the reflection of the lower demand. If demand continues to drop, so will my zestimate. But it's not like real estate is suddenly worthless.

A great example, open door offers site-unseen cash offers on houses. They are usually rip offs. Mine is something like $330K. I bought the house for 275K and my zestimate is 368K.

In other words, there are companies willing to buy my house for 20% over what I paid knowing they could immediately flip it for a profit.
What companies are buying your house? You mean those private investment vehicles. That were only set up to launder money from Hong Kong out of china in 2021, thst have now been stopped by FINCEN? Plucking tard.

Sub prime loans were back. The quality of new builds are dogchit and designed to be knocked down. Anyone could get a loan. That’s sub prime brother.

If you paid anymore more than 300k outside of NY or Cali? you overpaid.
post 1670880743 11-08-2022, 02:17 PM
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Originally Posted By Jacobcapra⏩
The stock market
On average it takes 7.2 years to double your money in the stock market. What teenager/20 something year old has 500k to throw at the market then sit there and wait 7 years?

Stock market is an extremely slow way to accumulate wealth for the average person
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post 1670880803 11-08-2022, 02:18 PM
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The pain of paying rent runs deep in the rentcels blood.

He knows every month he pays a toll that he will never get a return on. Fuark.
post 1670880843 11-08-2022, 02:20 PM
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Originally Posted By CodeMajic⏩
On average it takes 7.2 years to double your money in the stock market. What teenager/20 something year old has 500k to throw at the market then sit there and wait 7 years?

Stock market is an extremely slow way to accumulate wealth for the average person
And crypto is an extremely fast way to lose all of your wealth for the average person
post 1670880883 11-08-2022, 02:20 PM
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Originally Posted By GeezersPalace⏩
What companies are buying your house? You mean those private investment vehicles. That were only set up to launder money from Hong Kong out of china in 2021, thst have now been stopped by FINCEN? Plucking tard.

Sub prime loans were back. The quality of new builds are dogchit and designed to be knocked down. Anyone could get a loan. That’s sub prime brother.

If you paid anymore more than 300k outside of NY or Cali? you overpaid.
I can't say who's providing the funding from these large realty apps that have started buying homes, but my point is that you would never get an instant cash offer that isn't below market value. Meaning the cash offer on my house provides a good estimate of what a BAD deal would be for me.

Anyway, the two big ones I know of are zillow and opendoor that are offering to buy homes cash from their own market estimates. Haven't seen zillow asking to buy my house lately so maybe they stopped.
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post 1670880923 11-08-2022, 02:21 PM
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Originally Posted By CodeMajic⏩
On average it takes 7.2 years to double your money in the stock market. What teenager/20 something year old has 500k to throw at the market then sit there and wait 7 years?

Stock market is an extremely slow way to accumulate wealth for the average person
You're comparing the entire stock market to only a select basket of cryptos (out of 20k+ tradeable cryptos).

Ask me how I know you're retarded.
post 1670880993 11-08-2022, 02:22 PM
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#29
  1. Jacobcapra
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Originally Posted By CodeMajic⏩
On average it takes 7.2 years to double your money in the stock market. What teenager/20 something year old has 500k to throw at the market then sit there and wait 7 years?

Stock market is an extremely slow way to accumulate wealth for the average person
Yeah it's not supposed to be a get-rich quick scheme. You simply asked of any other investment vehicle that has made thousands of young people rich. Well, considering that like 200M people in America alone are invested in the stock market, I'm willing to bet that there are tens of thousands who became rich extremely quickly from trading stocks or investing in the right thing.

If you're not considering the time frame, the stock market getsmostof the people that use it pretty wealthy. a big difference to crypto.
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post 1670881073 11-08-2022, 02:23 PM
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Originally Posted By JonMillsJr⏩
And crypto is an extremely fast way to lose all of your wealth for the average person
If you're retarded and buy deep into a bull market, then maybe. Not cryptos fault. Those retards would lose everything in ANY market with that strategy
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