Brutal recession coming

01-04-2023, 09:42 PM

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#1

GeezersPalace
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Brutal recession coming

And you clowns think property prices won’t collapse? You absolute clowns!

01-04-2023, 09:43 PM

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#2

HateLiberals
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You're 3 days late on rent not going to remind you again

01-04-2023, 09:43 PM

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#3

mr.left hook
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Go on...?

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01-04-2023, 09:50 PM

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#4

ThatGuy950
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Already here boyo, the recession is just the opening act and we’re headed to the main event, Great Depression 2.0

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01-04-2023, 09:52 PM

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#5

conics
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What’s gonna happen

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01-04-2023, 09:54 PM

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#6

SaviorSelfJT
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Coming? It’s already here brah

One hour of my labor buys me about half as much chit as it did two years ago.

You can prepare for a layoff by saving money, but when your savings have been made worthless you can’t prepare for that

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01-04-2023, 09:54 PM

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#7

Miscbob
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In before R32gojirra with a conflicting argument

01-04-2023, 10:05 PM

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#8

kneeonbelly
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so if depression 2.0 shows up, will house prices drop and percentage rates get lowered to make a deal?

01-04-2023, 10:07 PM

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#9

MajorTendonitis

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Crazy part is Simps still have money for OF . Sloots are probably doing better than ever , practically a recession proof gig these sloots have going

Back with my Fam

01-04-2023, 10:17 PM

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#10

Pterodactyl314
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See you tomorrow

01-04-2023, 10:21 PM

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#11

Vhagar
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Op must have been hit by a rent increase on the first

Sorry about your poverty op

01-04-2023, 10:44 PM

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#12

orangetide
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Originally Posted By SaviorSelfJT⏩

You can prepare for a layoff by saving money, but when your savings have been made worthless you can’t prepare for that

Someone didn't invest in brass

01-04-2023, 10:51 PM

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#13

ErnieMccracken

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Property is now mostly owned by MOGGERS and they can weather a recession easily. There is a whole ocean of private capital forming, getting ready to buy up massive amounts of residential housing in the next few years (not a conspiracy). Their plan is to buy up as much as possible, collude to keep prices as high as possible, and make sure no zoomer can ever afford to own property. Think about the potential profits over the next 50+ years if they succeed.

MOGGERS have no problem letting their properties sit empty while millions of americans are newly homeless lol. They'll just wait it out.

01-04-2023, 11:00 PM

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#14

ErnieMccracken

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Originally Posted By elterrible987⏩

not true at all, a lot of people own nearly nothing of their house, just bought in a bidding war and will owe more than its worth in a year. Then if they get laid off they have to PAY THE BANK in order to move, where as rentcels can just pack up and move.

There's so much pent up demand, people who want to buy but have been waiting, that'll all get swallowed up like nothing. You'll see a SMALL dip and then it will level off, most likely. There's such a shortage of residential housing in almost every major city, there would have to be a million+ people out in the streets before a 20% housing dip could happen.

Look at california right now. Everyone broke as fukk, people fleeing in record numbers, crime everywhere, hundreds of thousands of drugged out zombies walking the streets, broken government -800 SQ FT CRACK SHACK 40 MILES FROM LA, BIDDING STARTS AT $1.2M.

01-04-2023, 11:07 PM

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#15

engj
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I worked through the 2000 recession, the 2008 Great Recession, and the 1997 and 2015 commodity price collapses.

There is no secret, just use common sense. Most important is do what you can keeping a steady income, as many streams as you can manage.

After that keep your monthly nut low and really think about how you spend what’s left.

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01-04-2023, 11:12 PM

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#16

Kewbrah
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Originally Posted By engj⏩

After that keep your monthly nut low and really think about how you spend what’s left.

Is this a nofap thing?

01-04-2023, 11:35 PM

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#17

Ramoneb87
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Housing prices will collapse right after employment and the stock market

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01-04-2023, 11:45 PM

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#18

iloveus
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We've been in a recession since the 1970's or at least people keep saying "a recession is coming" since the 70's

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01-04-2023, 11:47 PM

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#19

Omnivium

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Originally Posted By engj⏩

I worked through the 2000 recession, the 2008 Great Recession, and the 1997 and 2015 commodity price collapses.

There is no secret, just use common sense. Most important is do what you can keeping a steady income, as many streams as you can manage.

After that keep your monthly nut low

Alright you lost me

01-04-2023, 11:54 PM

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#20

Kiop

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maybe, the delay in media
is way way far than reality
media just circle and magnify things

if the recssions hits, it wont have any real warnings
just like the s&p slipped on the rona lockdowns
no warnings,just a nice slip