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Forum ยป Housing market in USA in death spiral
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Thread: Housing market in USA in death spiral

post 1667092483 08-31-2022, 04:43 PM
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  1. GeezersPalace
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Housing market in USA in death spiral

First time admitted by one of their cartel members.

Back to 2008 levels adjusted for inflation so less basically. Not telling nyc or cali. But if your bought anywhere else in past 2 to 3 years RIP
post 1667092493 08-31-2022, 04:44 PM
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Ok pal
post 1667092573 08-31-2022, 04:45 PM
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Keep doing the Lord's work, OP... now that you've taken up the housing crash meme, you've freed up my time to pursue other schticks....

I salute, kind sir...
Everything I post is satire.
Tricknology Grand Master.
post 1667092593 08-31-2022, 04:45 PM
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  1. LogicalLifts
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Originally Posted By GeezersPalace⏩
First time admitted by one of their cartel members.

Back to 2008 levels adjusted for inflation so less basically. Not telling nyc or cali. But if your bought anywhere else in past 2 to 3 years RIP
Can someone please translate this into educated speak?

Newsflash: even if someone bought dozens of properties in the past few years, as long as he didn't overextend he can just...rent them out. To rentcels. And have the luxury of selling whenever the landlordpleases.
post 1667092733 08-31-2022, 04:49 PM
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Rents due, lol
I loe e.
post 1667092903 08-31-2022, 04:53 PM
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  1. GeezersPalace
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Originally Posted By LogicalLifts⏩
Can someone please translate this into educated speak?

Newsflash: even if someone bought dozens of properties in the past few years, as long as he didn't overextend he can just...rent them out. To rentcels. And have the luxury of selling whenever the landlordpleases.
Just lol.

Maybe in NY or Cali but not anywhere else. Bank will call in margin loans on all these housing gurus when value drops
post 1667093073 08-31-2022, 04:57 PM
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#7
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Originally Posted By GeezersPalace⏩
Just lol.

Maybe in NY or Cali but not anywhere else. Bank will call in margin loans on all these housing gurus when value drops
Imagine taking a loan to purchase a rental property and not having the rental income (after any taxation) be more than the monthly mortgage payment. Folks who can't understand this simple premise do not have the makings of a true landlord.
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