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Forum » 35% of American adults are not current on payments with foreclosure/eviction likely
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Thread: 35% of American adults are not current on payments with foreclosure/eviction likely

post 1643827893 07-28-2021, 09:46 PM
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35% of American adults are not current on payments with foreclosure/eviction likely

https://www.census.gov/data-tools/de...sures=EVICTFOR

THIRTY. FIVE. PERCENT.

of American adults live in households not current on rent or mortgage where eviction or foreclosure in the next two months is either very likely or somewhat likely.

Just phuckking LOL at anyone who purchased a house in the past 6 months.

post 1643827973 07-28-2021, 09:47 PM
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Must be nice for people like you. What did your dad do with the extra money he had from not paying rent like a scumbag?
Entire NYPD should go on strike. You'll see then how quickly the mayor changes his tone.

"Dig with your hands, not with your mouths"

Entire NYPD should go on strike. You'll see then how quickly the mayor changes his tone.
post 1643828123 07-28-2021, 09:51 PM
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Seems too high…how reliable is this data?

I’d have guessed 10-20% but 35% sounds like an absolute collapse
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post 1643829043 07-28-2021, 10:14 PM
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Originally Posted By bov188⏩
35%? Seems fake and gay
It’s a survey with a wide margin or error.

But nonetheless if you took a haircut from the lowest error margin of 50% it’s still approaching 20% foreclosure/eviction rate
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The right of the people to keep and bear arms, shall not be infringed.
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Never relax around joggers
post 1643829463 07-28-2021, 10:19 PM
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Originally Posted By backinbusiness⏩
It’s a survey with a wide margin or error.

But nonetheless if you took a haircut from the lowest error margin of 50% it’s still approaching 20% foreclosure/eviction rate
Lol @ copecels aka rentcels

Being overly optimistic as usual

Real estate isn’t gonna collapse , if it does your dollar will be so useless it won’t matter and 90% probably won’t be working with a recession of that magnitude

Lol if you think the banks aren’t gonna keep bleeding people dry for their money and manipulate the markets to keep interest low

Collapse is good for corporations to come in and buy all the property but not for the banks lmao

They want their 900k for that shack not 300k after a collapse
post 1643830053 07-28-2021, 10:33 PM
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The number doesn't surprise me. Most renters probably are staying home and getting guvment money still. They believe that Biden won't let them get evicted so they figure "why pay?" and have just blown the money not realizing that eventually it will run out. Good luck as a landlord at getting a year plus of back rent from poor people.

Not moral, but I could almost understand if someone put that rent money aside this whole time to save a down payment on a house. But more likely it was spend on junk food, weed, OnlyFans, Alcohol, expensive clothes, etc.
post 1643830113 07-28-2021, 10:34 PM
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Own a house and earn my keep feels good mane


We gonna profit bros.
post 1643830473 07-28-2021, 10:43 PM
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Originally Posted By AlwaysFocus⏩
Own a house and earn my keep feels good mane


We gonna profit bros.
Lol @ thinking you ever truly own your house

Not defending rentcels who cope and say renting is better but real estate is the biggest scam in this country
post 1643831733 07-28-2021, 11:26 PM
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So, the extra unemployment, stimuluses, all that money shelled out, what is the result/ Obviously a failure. Most people were spending the money on other things. They spent it on booze, weed, and door dash.

If anyone thinks that UBI (Universal basic income) was a good idea, this last year has proven what would happen. People would just up their spending on wants and further ignore their needs.
post 1643832363 07-28-2021, 11:48 PM
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Originally Posted By imbored205⏩
P H U C K Y E S

Stocked up on 9mm.

We be eating good son
9mm jfl bro, jfl.

Come back when you got something real
post 1643832483 07-28-2021, 11:52 PM
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New supply of houses going on the market is already starting to affect prices and we've yet to scratch the surface.
Your schtick sucks and it screams insecurity.
post 1643832583 07-28-2021, 11:58 PM
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Originally Posted By digital022⏩
New supply of houses going on the market is already starting to affect prices and we've yet to scratch the surface.
It takes months for foreclosures to finalize.

It's going to be a VERY slow process, and even then a 10% inventory increase may not be enough to affect prices initially. I'd say in about a year we'll see some bigger shifts.
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post 1643832743 07-29-2021, 12:05 AM
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Just fukken lol @ Americans living beyond their means on the world’s dime…..the day of reckoning is coming brahs……..insulate yourself financially because the rampant degeneracy signals the end is near…
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post 1643832783 07-29-2021, 12:07 AM
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I’m glad that’s one thing I don’t have to be worried or depressed about.
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post 1643833113 07-29-2021, 12:20 AM
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Originally Posted By xMetalocalypse⏩
It takes months for foreclosures to finalize.

It's going to be a VERY slow process, and even then a 10% inventory increase may not be enough to affect prices initially. I'd say in about a year we'll see some bigger shifts.
Lumber prices popped too though, many artificial shortages are over and builders can build new homes, at least for now until joe and xi decide to fuk it up again and shut down the economy much to the joy of the soyos

Doesn’t matter Which way it goes in a lot of respects, the common folk will always be left holding the bags, most likely in the form of bailouts to blackrock and similar friend of the regime
Coincel
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post 1643833133 07-29-2021, 12:22 AM
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Will I be able to get a $1M home for $700k or less within a couple years? Hold me brahs
post 1643833173 07-29-2021, 12:24 AM
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Why pay smud if you're not getting penalized? A friend of mine threw his smud balance into crypto and 5xed it. Now he's putting it back in because smud said they won't shut off power or late fee anyone until January. Lol
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post 1643833223 07-29-2021, 12:26 AM
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Originally Posted By TomPaine⏩
The number doesn't surprise me. Most renters probably are staying home and getting guvment money still. They believe that Biden won't let them get evicted so they figure "why pay?" and have just blown the money not realizing that eventually it will run out. Good luck as a landlord at getting a year plus of back rent from poor people.

Not moral, but I could almost understand if someone put that rent money aside this whole time to save a down payment on a house. But more likely it was spend on junk food, weed, OnlyFans, Alcohol, expensive clothes, etc.
Can't forget them spending that money on getting tattoos, having more babies, and buying guns
post 1643833253 07-29-2021, 12:27 AM
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I bet a large amount of that percentage is in commiefornia where it’s illegal to evict someone
post 1643833613 07-29-2021, 12:40 AM
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Ernie pls
Losers let it happen, winners make it happen.

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post 1643834023 07-29-2021, 01:02 AM
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Originally Posted By NextPound⏩
LOL. Jakes on you. A mortgage is a hedge against inflation.
Not if you have no income. FKN LOL.






Enjoy owning nothing you slack jawed *******s.
In the first quarter of 2021, 15% of U.S. homes sold were purchased by corporate investors — not families looking to achieve their American dream.
https://strangesounds.org/2021/07/bl...t-housing.html
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post 1643834113 07-29-2021, 01:06 AM
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1) Improving mortality of 85-9x-year-olds by 10% across 9 years
2) 20 trillion dollars to subsidize housing like other civilized nations
3) Not contracting the global economy by 1/3 with effects for 10-20 years for every actual participant in civilization


In that order.

Flatten the curve to save every single 97-year-old before you ask for government policy to solve 70% of relevant features for quality of life.
post 1643834583 07-29-2021, 01:27 AM
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Originally Posted By ThatGuy950⏩
Lumber prices popped too though, many artificial shortages are over and builders can build new homes, at least for now until joe and xi decide to fuk it up again and shut down the economy much to the joy of the soyos

Doesn’t matter Which way it goes in a lot of respects, the common folk will always be left holding the bags, most likely in the form of bailouts to blackrock and similar friend of the regime
New home sales are crashing. Market about to be flooded. Do the math.
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post 1643834663 07-29-2021, 01:29 AM
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The California homeless problem is about to get 10x worse.
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