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Forum » LOL @ the absolute chit show that is the HOUSING BUBBLE
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Thread: LOL @ the absolute chit show that is the HOUSING BUBBLE

post 1650078753 11-02-2021, 02:10 PM
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#31
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More money is printed because to account for immigration

why do you think money gets put into circulation in the first place numbskull

moscers i swear
post 1650078843 11-02-2021, 02:11 PM
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#32
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Originally Posted By rectifryer⏩
but it will also screw banks who loan to businesses

we HAVE to raise interest rates

we were ALREADY at 0 before this happened

we were ALREADY in a bubble.
In b4 negative interest rates.
post 1650078963 11-02-2021, 02:13 PM
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#33
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Originally Posted By buwbs⏩
More money is printed because to account for immigration

why do you think money gets put into circulation in the first place numbskull

moscers i swear
No lol.

More money is created to prevent GDP from cratering, because there is no demand.

We're @ sub 2% right now.

Want to try again?
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post 1650078983 11-02-2021, 02:13 PM
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#34
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Originally Posted By OPGenesis⏩
All I have to say is the markets were coming down in 2019, due to riasing rates just a little, and then luckily Covid just magically happened, saving investors.

Rates dropped back down to zero.

It's game over.

When this does finally reach it's breaking point the culling is going to be biblical.
Basically there is no safe place for one to park their money. Inflation kills savings accounts. Housing crashes, so value lost. If housing crashes and we have inflation (stagflation more likely), the stock market goes down.

Gold, silver, lead, and booze may be the best options lol.
post 1650079023 11-02-2021, 02:13 PM
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Originally Posted By rectifryer⏩
but it will also screw banks who loan to businesses

we HAVE to raise interest rates

we were ALREADY at 0 before this happened

we were ALREADY in a bubble.
The banks are doing fine. Wells Fargo's earnings per share now are better than they were before the pandemic.
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post 1650079113 11-02-2021, 02:15 PM
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#36
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I can see the similarities to 2008 in Australia

High fuel cost
Runaway house prices
Cranes everywhere
Being able to charge $150aud/hour doing landscaping
post 1650079173 11-02-2021, 02:15 PM
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#37
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Originally Posted By MuscleXtreme⏩
Basically there is no safe place for one to park their money. Inflation kills savings accounts. Housing crashes, so value lost. If housing crashes and we have inflation (stagflation more likely), the stock market goes down.

Gold, silver, lead, and booze may be the best options lol.
Pretty much.

Everybody is pushing shytcoins, but that is just another Ponzi, based off of printing money.

Everything is distorted, even metals, since the Fed has to do whatever they can to protect the dollar.
"I am a rational animal who occupies the intermediary position between angel and beast"

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post 1650079283 11-02-2021, 02:17 PM
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#38
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Good thing I’m about to buy a home!…
See you tomorrow
post 1650079413 11-02-2021, 02:18 PM
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Originally Posted By FA*******⏩
The banks are doing fine. Wells Fargo's earnings per share now are better than they were before the pandemic.
That's all artificial, based on market manipulation and monetary policy.

It's criminal really.

Have you seen all the Fed resignations lately due to corruption?

Trading based off the policies they have foreknowledge of.
"I am a rational animal who occupies the intermediary position between angel and beast"

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post 1650079643 11-02-2021, 02:21 PM
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#40
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Originally Posted By OPGenesis⏩
That's all artificial, based on market manipulation and monetary policy.

It's criminal really.

Have to seen all the Fred resignations lately due to corruption?

Trading based of the policies they have foreknowledge of.
BRB JPow making calls to Black Rock during the early days of Rona shutdown rather than the President.

It's rigged for sure, and that's why I know banks aren't gonna get fukked. BRB making plenty of profit, BRB got trillions in cash ready to cover any cashouts, BRB too big to fail and backed by the govt even if something does go wrong. They're in a very strong position.
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post 1650079783 11-02-2021, 02:23 PM
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#41
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Hoping it crashes and burns around 2023 so I can scoop up some real estate from the ashes. That’d be about when I project I’ll be able to afford it. Late 2022 at the earliest. Gotta keep hustling cuz.
post 1650080103 11-02-2021, 02:26 PM
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Originally Posted By GuineaDago585⏩
Hoping it crashes and burns around 2023 so I can scoop up some real estate from the ashes. That’d be about when I project I’ll be able to afford it. Late 2022 at the earliest. Gotta keep hustling cuz.
I can't wait for it to crash tbh.

Gonna get something realllllll noice.

Got a shyt ton of money saved, and have my timing of getting out of other markets down to a T.
"I am a rational animal who occupies the intermediary position between angel and beast"

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post 1650080373 11-02-2021, 02:29 PM
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#43
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Originally Posted By TurkBrah⏩
New house already gained 25k value since august. feels good man
its funny when morons say this. The value of your dollar just decreased by over 5% also if you do sell and bank that "equity" the cost of a different house equals just as much LOLLLLL
post 1650080433 11-02-2021, 02:30 PM
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#44
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The only reason houses are going up in value is inflation...just like everything else. People are going to get absolutely wrecked when the ball falls from the air. You thought 2008 was bad. LMAO
This fool's running a Honda 2000
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post 1650080443 11-02-2021, 02:30 PM
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Originally Posted By OPGenesis⏩
You on that just bought a house cope lol.

Oh lawddddddd.
What's there to cope? I am happy with all of my mortgage amounts. Even if the market pulls back, my mortgage stays the same. What don't you rentcels understand about that?
Originally Posted By BrianDaMan⏩
"Housing market is in a bubble. I'm gonna wait to buy."

* house prices proceed to go up another 50% *


* house prices 'crash' 15% *

"Perfect time to buy in! Good thing I waited!"

wait wut
not to mention interest rates have gone up LMAO
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post 1650080503 11-02-2021, 02:31 PM
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#46
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Originally Posted By chino3⏩
what's there to cope? I am happy with all of my mortgage amounts. Even if the market pulls back, my mortgage stays the same. What don't you rentcels understand about that?
cope!!!
"I am a rational animal who occupies the intermediary position between angel and beast"

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post 1650080523 11-02-2021, 02:32 PM
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#47
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Originally Posted By chino3⏩
What's there to cope? I am happy with all of my mortgage amounts. Even if the market pulls back, my mortgage stays the same. What don't you rentcels understand about that?


not to mention interest rates have gone up LMAO
exactly. everyone thinks they're gonna get an amazing deal timing the next 'crash', when 99% of the time they would have been better off just buying earlier because the 'crash' is a tiny correction compared to the massive run up.


time in the market > timing the market
post 1650080713 11-02-2021, 02:35 PM
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#48
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Originally Posted By BrianDaMan⏩
exactly. everyone thinks they're gonna get an amazing deal timing the next 'crash', when 99% of the time they would have been better off just buying earlier because the 'crash' is a tiny correction compared to the massive run up.


time in the market > timing the market
How'd you conclude the market will stop at a 15% drop, shorty?

You also realize this isn't just a housing bubble issue, right?

I'm just highlighting one.
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post 1650081013 11-02-2021, 02:39 PM
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#49
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Originally Posted By FA*******⏩
BRB JPow making calls to Black Rock during the early days of Rona shutdown rather than the President.

It's rigged for sure, and that's why I know banks aren't gonna get fukked. BRB making plenty of profit, BRB got trillions in cash ready to cover any cashouts, BRB too big to fail and backed by the govt even if something does go wrong. They're in a very strong position.
So lets describe the mechanism in which such an agreement would benefit both of those parties.

Bank agrees to the loan losses incurred because they simultaneously have a vested interest in the performance of the lendee.

Fair observation. It eliminates the impact from the loan losses. However, if the bank turns around and asks the fed to raise interest, then the money they're owed is worth more. They just have to do it in such a way to avoid the lendee's collapse.

except

in this case the lendee's assets are also backed by mortgage backed securities

that's the collateral and the balance to the bank lending to bubble entities. The bank will have time to pull out while the MBS hold the bag. Its not that the market can't collapse...

Its that the federal gov't gave banks a reason to keep funding real estate entities and blackrock saw a way to exploit that.

THEY'RE DESIGNED TO FAIL because the gov't will do whatever they can to stop it.
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post 1650081823 11-02-2021, 02:51 PM
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#50
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Originally Posted By rectifryer⏩
So lets describe the mechanism in which such an agreement would benefit both of those parties.

Bank agrees to the loan losses incurred because they simultaneously have a vested interest in the performance of the lendee.

Fair observation. It eliminates the impact from the loan losses. However, if the bank turns around and asks the fed to raise interest, then the money they're owed is worth more. They just have to do it in such a way to avoid the lendee's collapse.

except

in this case the lendee's assets are also backed by mortgage backed securities

that's the collateral and the balance to the bank lending to bubble entities. The bank will have time to pull out while the MBS hold the bag. Its not that the market can't collapse...

Its that the federal gov't gave banks a reason to keep funding real estate entities and blackrock saw a way to exploit that.

THEY'RE DESIGNED TO FAIL because the gov't will do whatever they can to stop it.
Sure, if housing crashes the govt will end up taking the banks' bags for them. It's basically risk-free profit and total moral hazard on the bank's end.

But the govt's #1 reason for the firehose of liquidity at this point isn't banks' profit on mortgages, it's their own deficit. They need $3T to Build Back Better on top of the $28T they already owe, and they can't afford to pay any interest on it. They'll continue to suppress rates because they'd fuqqin default making any kind of nonzero interest payments on $31 trillion.
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post 1650082283 11-02-2021, 02:57 PM
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#51
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Originally Posted By FA*******⏩
Sure, if housing crashes the govt will end up taking the banks' bags for them. It's basically risk-free profit and total moral hazard on the bank's end.

But the govt's #1 interest for the firehose of liquidity at this point isn't banks' profit on mortgages, it's their own deficit. They need $3T to Build Back Better on top of the $28T they already owe, and they can't afford to pay any interest on it. They'll continue to suppress rates because they'd fuqqin default making any kind of nonzero interest payments on $31 trillion.
Exactly why rates can't rise.

The majority of the governments debt is short term. 1/3 of the budget goes to interest payments.

The Fed knows this, and that is why they refuse to raise rates. They can't.

But how else will inflation die down.

With lying to people saying it's transitory lol.

People also don't see how incredibly fuk'd supply chains are.

The current admin believes it's an easy fix, but there is noway this problem has any chance of resolving itself in the short term.

Prices are outpacing wages.

Earnings are going to slow.

GDP is cratering.

Let's see how innovative the Fed can get outside of lying.
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post 1650082823 11-02-2021, 03:06 PM
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#52
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Originally Posted By FA*******⏩
Sure, if housing crashes the govt will end up taking the banks' bags for them. It's basically risk-free profit and total moral hazard on the bank's end.

But the govt's #1 interest for the firehose of liquidity at this point isn't banks' profit on mortgages, it's their own deficit. They need $3T to Build Back Better on top of the $28T they already owe, and they can't afford to pay any interest on it. They'll continue to suppress rates because they'd fuqqin default making any kind of nonzero interest payments on $31 trillion.
I see your point, but I interpret this article as communicating a different intention:

https://www.forbes.com/sites/billcon...h=112879fcf2fd

It certainly looks like the fed wants to raise interest soon.
Boycott foodservice industry crew
post 1650083013 11-02-2021, 03:10 PM
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#53
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For anyone wondering why people aren't having kids and family like they used to, insane housing prices and lack of enough rooms is one factor. When kids finally manage to buy a house, they don't have many years left to make kids (dabbs strongly off from age 35)



Lol @ letting old ass scheckelbergs play with your housing as investments. They will never make another nuclear family again in their lifetime


Originally Posted By coast2coastam⏩
Interesting take on what zillow is doing:

-Zillow buy 30 homes in whatever area for $300.000 ($9.000.000)
-The 31st house they buy for $340.000
-Houses in that area now go for $340.000, and their holding are worth $10.540.000
post 1650083113 11-02-2021, 03:12 PM
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#54
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Originally Posted By rectifryer⏩
I see your point, but I interpret this article as communicating a different intention:

https://www.forbes.com/sites/billcon...h=112879fcf2fd

It certainly looks like the fed wants to raise interest soon.
They're not gonna stick to it. The last 2 times they've tried raise interest rates they've bitched out of it, and we are wayyyy more leveraged now than we were in 2014 or 2018.

If the stock market drops 10% and JPow sticks to his interest rate increase, I will respect the fuk out of him for it. But more than likely he's just going to cut rates to 0 and turn the QE spigot back on. He's already made every excuse in the book to delay turning it off.
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post 1650083133 11-02-2021, 03:12 PM
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Originally Posted By N0stradamus⏩
Been saying for a while now: Crash scheduled to happen March 2022....

I honestly can't comprehend how anyone can think the housing market can keep going up and up and up and up and up and up and up and up with no possibility of correction.....
hopefully 2009/2010 prices to come back
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post 1650083243 11-02-2021, 03:14 PM
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#56
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The high IQ real estate brahs are amassing all the real estate they can and will use it to protect against inflation / provide inflation-adjusted cash flow / tax break to fuark on the mortgage interest.


Not that fukken flipping autism chit.
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post 1650084683 11-02-2021, 03:39 PM
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Originally Posted By OPGenesis⏩
Exactly why rates can't rise.
marking for tomorrow's fed meeting
"It won't get better, just different."
post 1650086023 11-02-2021, 04:01 PM
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Originally Posted By AlwaysFocus⏩
It should be against the law what they did.

Housing is something everyone needs, we should srsly regulate it. No foriegn buyers. Limits on how many you can own.

Inb4 "free market ****s"

Its fukked srs. My house is like worth 150k imo. Its worth over 1 million now and I thought I over paid at 600k. Chits not right.
100% correct

Try living in australia where houses in small country towns costs the same as paris, London and tokyo
Plant the trees in whose shade your grandchildren will play
post 1650088213 11-02-2021, 04:33 PM
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#59
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Originally Posted By FA*******⏩
Absolutely. Love how based China does it, foreigners can't hold stock and foreigners can't hold property.
I find it ironic that these nationalist posts are made by people entirely unaware of just how incredibly encroaching government regulation on the market would have to be.

Which is it? Do you hate Communism or Socialism and agree with a free market structure except when it comes to certain nationalistic ideals about who can own what within a country?
post 1650088623 11-02-2021, 04:40 PM
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Originally Posted By Jaroctor⏩
I find it ironic that these nationalist posts are made by people entirely unaware of just how incredibly encroaching government regulation on the market would have to be.

Which is it? Do you hate Communism or Socialism and agree with a free market structure except when it comes to certain nationalistic ideals about who can own what within a country?
You do realize that regulation doesn't imply socialism, right?

You do realize Adam Smith didn't believe in totally unregulated markets?

You continuously expose yourself as an idiot.

Do you read about things before posting about them?

Can you define socialism for me?
"I am a rational animal who occupies the intermediary position between angel and beast"

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