Where are the faggots that used to daily post about their amazing real estate investments? They must be homeless or bankrupt by now! LMAO. Falling for the real estate meme only a decade after the bubble burst, but at much higher prices!
How will mortgage cucks ever recover?!
Buahahaha!
Hope it crashes here in the UK although don't see it happening
homeowner bailouts in 3..2..1
Oh it fucking will m8.
2009+ didnt solve anything. This crisis is just making it harder for central banks to keep it going.
>NOOOOO YOU HAVE TO INJECT MORE FUNNY MONEY AND BAILOUT SCHLOMO TOO KEEP THE BUBBLE GOING
BUYING THE TOP OF A BUBBLE IS A GOOD IDEA, THE BOOMER/NPC/NORMIE HANDBOOK SAYS IT RIGHT HERE
With what tax base? No one's working. There's more money going out than in. China isn't buying bonds. Oil rich countries are all limiting expenditures. there can't be a bailout if no one buys the bonds.
seriously though how much longer till prices crater and I can use my clownmarket earnings to buy property?
Bailouts only effect asset prices. There's no cash flow for the landlords to make payments! They are fuckeroni. Stock market is spiking because at least stocks can be inflated more. Housing and commercial property prices are fuckkkkeddd. Lmao.
>DUDE JUST PAY OFF A HOUSE IN 40 YEARS LMAO
fed will buy it
If any of you have any money, time to take out loans. Start businesses, buy liquid or performing assets. Buy stocks. Hell, even shit coins are smarter than RE right now. Hyper-inflation of assets and deflation of RE is the only likely result of this market.
buy what? The house you lost to the bank when you got foreclosed? Normal non institutional investors are fucked! Home owners are fucked!
If the money printer continues, the prices for everything (yes that includes houses) will be inflated to beyond reach of the normies.
What is the point of a $5m house if you cant afford the mortgage when it was $800k? Unless the fed does negative rates, house prices are already past the point of affordability for most buyers. If rates do go negative, people who buy with negative rates actually benefit to buy houses! People who own now are fucked either way!
They get what they fucking deserve
>With what tax base?
the future tax base.
do you think we need to take in money before we can print money? Have you not been paying attention?
We have to pay interest on debts. Again, money printers only inflate asset prices. Incapacity to pay your mortgage is not impacted by bailouts.
So when can I take my crypto gains and buy a cheap house? These low interest rates seem to be delaying the inevitable.
>money printers only inflate asset prices.
yes, the price of the house goes up, your equity goes up, your mortgage payment drops in value, you can borrow more easily, etc.
> Incapacity to pay your mortgage is not impacted by bailouts.
yet the last bailout paid my mortgage for 3 months. So weird.
Either when rates go negative, in which case you are being paid to own a house by lenders/gov. Or when 2008 2.0 happens when all the jobless and under-employed have to sell their homes or declare bk due to record high debts.
>2008 2.0
More like 1930 2.0, this downtrun is already at Great Depression levels
mortgage payments are fixed. Dont larp.
Equity increases aren't instant and most likely will not do anything put borrowers in a worse position, especially since bailouts are used to counter deflationary pressures in the market. A bailout wont magically make your house double in value so you can refi at 90% and live happily ever after.
Your $1200 check paid for 3 months mortgage? You're already broke.
Won't happen, there a lot more bids then asks. Same here for in The Netherlands. The only thing that could happen is that people with simple jobs lose their jobs and become homeless
>mortgage payments are fixed. Dont larp.
the value of the dollar isn't fixed. Don't be dense
>Your $1200 check paid for 3 months mortgage? You're already broke.
that's $1200 per adult and more for kids, retard.
homeowners aren't usually sexless virgins like you guys.
Don't forget that massive bid on tulips that won't randomly disappear.
Markets have 3 trends. Panic buy, panic sell and stagnation. Do not mistake a current buy as a long-term trend.
>hoping inflation drastic enough to significantly lower the "real" cost of my mortgage saves my ass.
You do know you are facing unprecedented DEFLATIONARY pressure on home values right? Your house is an illiquid liability bomb waiting to explode(or implode). You have to pray the average income increases enough for you to sell your bags to a bigger retard. Which it isn't. Or that your house is elite enough for the 1% to buy. It isn't. If asset prices are bolstered, you wont see a dime of it without a refi, unlike stocks or bonds. And that would not save you since your mortgage goes up to counter inflationary movements, which counters your original statement. Then you can count on daddy government to increase property taxes to pay the new loans it took to increase the price of your house. Dont forget household expenses also increasing. Top it off with lower real income due to a financial recession leading to the bailout you are counting on in the first place, likely impacting your income, and you are fucked. Unless you are retired and have enough investments to cover lost income. A general bailout of all tax payers doesn't save you because we all get that bailout, and people not locked to a boomerbomb aren't held back buy a giant home-shaped financial anchor.
>Owns a boomer box with a husband and adopted children
You and your husband are even more fucked than i thought. Cope harder.
>Unless you are retired and have enough investments to cover lost income.
homeowners tend to be much wealthier than you as well.
as you probably already know.
this disagree, maybe u
>homeowners tend to be much wealthier than you as well.
seems like a retarded statement to me
I know a lot of rich people and none of them pay rent on primary residences. A few pay marina fees for yachts they live on but that not really the same thing