>By the end of 2020, several million borrowers who have received mortgage forbearance will have gone nine months without making a mortgage payment.
>boomers own 5 homes
>they have no income
>service workers pay boomers mortgages
>service workers aren't working
>unemployment paused in california
>boomers need $ to pay mortgages
>all boomers go to sell stock
>I just need $10,000-$20,000 to pay for my 3 homes
>hasn't paid mortgage in 4 months
>its_going_to_fucking_burn.jpeg
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I fucking hope. Fuck boomers. Boomer genocide when?
How soon?
>tells his boomer neighbor he sold his stock
>you're right, Ed/Tom/Frank/Bob/Joe, that sounds like a good idea
>institutional investors beat them to it
>holy fuck its crashing i should get out now
>HERD MENTALITY
>in survival mode from covid
>has been stuck inside for 4 months
>literally losing their minds
Yeah.. unironically I don't see how it won't happen. Gonna be a dark few years. Thankfully china's political shit storm will hopefully motivate residents to take their net worth off the government monitor and store their value in crypto if they can which will booster it against the american fallout a little. Idk guys no real safe option. The buy gold meme is the truest it's ever been as much as I hate it.
Shut up
Its really hard to tell, lots of things are happening behind the scenes, let me explain
>banks are giving boomers months and months of time not to pay
>FED is literally printing money and buying stocks
>govt giving boomers incentives not to foreclose
>retail traders buying every dip, have no idea whats happening
>unemployment extensions + more welfare than usual
The dam is breaking, and they are plugging every hole with their finger. Its only a matter of time but who knows the timeline. It all depends on when a critical mass of people understand what is happening
commerical real estate will fall first
Just a word of advice for young people like me, don't start buying a home until you see boomers committing suicide in the street casually. Then, buy their home at dirt price, knock his daughter up. This won't destroy us, but this is the end for boomers. Good riddance, fucking kike loving lawn mowing worthless mother fuckers.
>Shut up
B_G
K____R
M_____S
>jim cramer saying buy the dip
>kikes on MSNBC begging people to buy the dip
>"this is healthy"
>back in my day in 99'
>talk for 30 minutes, don't mention real estate once
>sell.jpg
kek
Big Short 2.0
>posting a marketwatch opinion article
>be boomer
>have two houses with mortgages and tenants
>one house paid off I live in
>retired
>COVID hits, call bank
>sorry bros, I can't pay, 12 months no payments plz
>mfw tenants still paying rent and COVID made me richer
This fags right, boomers wont suffer as people still need to pay rent, it will be first home families that get rekt
>reads the first 2 words
>ignores all the references to cold hard statistics and data
>posts an angry boomer pic
You're going to be financially ruined and then die of covid.
Life would be easy being born a girl that looks like that. She doesn't care if there's a recession or a bubble. Never gotta work a day in her life.
You have 1 extra house and you paid it off. You're not who we are talking about, my source says there are several million not paying mortgages. Not paying bills is all fun and games until its not.
of fucking course they would. right as i get my shit together and starting to get attention from girls, this shit comes out and they will gobble this shit up.
Nothing ever happens. Stop being a queer
*ahem*
As a smart user like yourself, what should we do to safe guard our wealth, or better, to what should we to increase our wealth
Hello sirs. How am I be able to the profit of america colapse?
>Anybody that owns houses that they rent are gonna want to sell as soon as they can
> people fleeing the larger cities are having trouble selling their homes and are lowering prices
> landlords are gonna rethink renting/ Airbnb as investment options and increase the market with homes
They have enough equity to loan themselves payments for a decade and are old enough to defer property taxes until the sale of their places. Worst case, these pieces of shit just rent their properties out while they wait for inflation to wash away their debts.
>lawn mowing
God I am sick of this shit. Every fucking day.
>MRGHhhHHHH MRHHHHh MRHHHGHhhhhhhhhh MRGHHhhhhhh MRGHHHHhhjhhh
Just fucking stop. You don't even need a fucking lawn. Fuck off.
short uni
The Lawn Moooooover
> wakes you up at 8 AM
> MRGHHhhhhhh MRGHHHHhhjhhh
> sprews fire ants everywhere
The photo shop in that photo is so bad lol!!! Look how giant her feet are!!!
So boomers ruined everything for like the tenth time. Kek.
>letting your parents/grandparents ruin your life because they can't stop being greedy fucks that hate you for being young
>A great depression is coming
I'm dreaming about this day since I was born, imagine all the great tech stocks opportunities sold by beefy discounts, I hope we'll collapse to pre 2010 prices. Oh boy!
I am going to short the housing market