Housing crisis incoming, best move to stack cash?

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Thread: Housing crisis incoming, best move to stack cash?

09-22-2020, 01:22 PM

#61

suave2000

suave2000

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Originally Posted By lockdev⏩

The chad landlord is getting fuarked right now.

I don't think people realize how fuarked this country really is, and what kinds of things are going on.

The wealthy are legit fuarking over everyone.

brb corporate socialism since 2008
lol@people who save money, we'll hold on to long-term low interest rates
lol@stock prices, government buying up the market
lol@house prices, let's introduce infinite QE and lend to investors for nothing
lol@landlords, we'll make laws so they can't evict people
lol@service workercels, stay at home and get used to the government teet
lol@citizencels, we'll let foreigners take your jobs and let foreign investors buy homes for 2x their worth
lol@familycels, we'll let social marxism run rampant

Just in case you haven't figured it out, the government is letting our country rot from the inside out, and a certain subset of people is watching it go up in flames and making extreme amounts of money along the way.

This guy is woke as phuck. LMAO @ trumpcels believing he was going to drain the swamp, he's the swamplord.

Atomic truthbomb of peace

09-22-2020, 01:32 PM

#62

TBO1313
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TBO1313
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Originally Posted By lockdev⏩

I agree with all this but if your tenants aren't paying just apply for forbearance. They are giving it to everyone at this point

6'2"

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09-22-2020, 01:33 PM

#63

ReyDelMundo
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ReyDelMundo
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Lol, this spiraled out of control.

By housing crisis, I didn’t mean housing price crash, low interest rates will bolster housing prices.

I’m just not sure if I should bank on the significant appreciation that’s occurred recently if I plan to sell in a year or two. Prices have increased 25% over past two years in my area.

I do think some mom and pop/small time real estate investors will get squeezed as a result of evictions/non-paying tenants, and choose to get out of the game so there may be some decent opportunities to pick up multi family housing in the next few years.

I already own a gym that’s been successful even through covid, career earning a bit over $100k, retirement and personal equity investments, bought my current X5 cash and only has 40k miles on it, just considering whether to start saving significantly in a savings account in case the real estate market has some weakness and I can’t bank on the current equity in my place being as high as it is now.

09-22-2020, 01:44 PM

#64

katya422

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Originally Posted By lockdev⏩

Just LOL if you think the US government is going to help its people in this situation.

They're 100% bought and paid for by those investors, corporations, and foreigners.

True.

Originally Posted By Trapstar4.4⏩

im studying until the eventual fall. right now there is a lot of propping up of the system, but those props wont hold forever. and truth be told i dont think the feds plan to hold it up forever.

right now just learning as much as i can so that when the markets head south, im fully armed to dive in intelligently

Good luck, srs.

Originally Posted By FA*******⏩

Now this is what gets me. The roots of home overpricing are limitless QE (leads to housing inflation) and foreign investment. People have been saying that QE will endsomeday ever since like 2012 - but will it?

Japan invented QE in the early 90s and has been printing money for literally 30 years since. Their central bank has pumped trillions of dollars (equivalent) into the economy, bought trillions of stocks, they're top-10 stakeholders in literally half the corporations in Japan now, and they are still printing with no end in sight. They're onto multiple generations of QE.

So when the US govt keeps printing through good times and bad alike for 12 years, and JPow says he'll keep printing for the foreseeable future, I think it's more likely that they move onto decades of QE rather than pulling the rug.

Aware. However the yen isn't the world reserve currency or the currency in which most petroleum is sold.

Also if the fed.gov can find a way to shaft retirees harder than they are already I expect that they will go for it. They already play games with calculating CPI to minimize SS payments and push inflation/aka lost purchasing power for savers. SS is a lot of money. If they can they will kill off the poorest boomers (via insufficient SS/Medicare) and suck dry the rest.

Originally Posted By lockdev⏩

It was happening even earlier in the Bush admin- legislation getting passed that was made to screw us over.

Originally Posted By ByAssociation⏩

]it isnt really their fault or fair to call them over leveraged. most of them made very safe and smart financial decisions to own other properties and rent them, most of them likely do well with upkeep and repairs etc. even if they are safe, their assets are taking a hit for absolutely no reason. sure, everyone forced out of work is taking a hit, but keep in mind even the worst of the laid off people can still collect weeks of unemployment - some landlords are literally getting NOTHING. people need a place to live though so courts at least in my state are very tenant friendly and tenants can be real pains in the necks and thats before this whole covid bull****. i honestly dont understand the eviction moratorium at all,what the states that are locking down should be doing is covering the cost of living for people theyre forcing not to workand reimbursing those landlords. i dont think its going to get better for any future generation. theres a very good chance the stocks crash depleting anyone who isnt in a money market, lots of people have lost income, incomes are still down assets are down, its a ****ing mess. state overheads are at all time highs. near me there is a massive suburban bubble of everyone fleeing the city but it wont last. its a real **** show.

During the so-called mortgage crisis of 07/08 it was pointed out that fed.gov could pay all the outstanding mortgages for less than what was spent on the bailouts. Moral hazard! Not fair! 'Cause regular people with mortgages would have turned up sweet AND lenders would have been made whole; can't have that.

What, you want to see money actually paid directly to property owners so that they can pay their lenders/expenses? But then the banks couldn't squeeze those owners like ripe oranges and scoop up distressed properties. What fun would that be?