Their end game has been stated. Their shadow corporations have made plenty of moves. The whole "you'll own nothing and be happy" ties into it.
Easy short timeline to follow, but realize it's been building before this...
COVID-Huge Bailouts-Insider Corporations Incoming Cash Boon-Use free monies to buy up as much real estate as possible prices don't matter so offer way more and get the deal done. Oh, extra credit.... Buy up every large farm available and own every damn acre possible.
Eventually people will have to sell their house. This inflation is making it hard for everyone. Sell your house and make nice profit. Now you gotta rent, cannot afford to buy because the houses are way too much
The inflation will also water down debt, so these big companies can take out huge, low-interest loans to buy property and the relative amount they have to pay back will negligible. They're already seen it drop by around 8% and there's no reason for it to stop.
In order to screw homeowners, they need the housing market to crash one more time. Like last time, it should crash right alongside the labor market. Bailouts for the banks and hedge funds, foreclosures for everyone else.
Then the land market can go up again to ensure that those who lose their homes never own land. Rents will go up until nobody can afford it, and Jews will present the Great Reset as the solution. They'll claim that UBI will make rent affordable. There will be strings attached to that, of course.
It's acting as a sponge for inflation caused by ZIRP and QE. I think they will minister relative to these activities. They've inflated a lot more than this in other areas....
The bailouts are, of course, only good for investment firms. Individual home owners can't wait for the money to trickle down and go bankrupt.
Bailouts are really good for anyone who can survive the crash because the government's broke and would have to print more money, causing more inflation, and diluting the relative amount required to pay back.
"No way that loaf of bread will cost a wheel barrel full of cash"
Kinda right, because eventually that cash was blowing around the city because it was worthless. Any central bank currency that is fiat will fall. Period.
They cannot afford us to be right because we have all of the answers. It's a cat and mouse game. We're the unfunded mouse, that everyone hates. Soon enough though we will have the cheese and all of the answers.
If that happened though, they should be prepared to retreat to their bunkers.
If they did retreat to their bunkers, there's plenty of mind to uproot them out.
No, I don't. TBTF found us bailing out the banks, even auto manufacturers. I'd say the Nation pulls more weight, meaning another to big to fail bailout.
I see piece of shit houses selling for a million all the time in the Bay Area. It’s not the house, it’s the location. The dirt is worth a million. More in many places.
Houses in my are just reach the peak they were at 15 years ago. I have a lot of neighbors looking to sell because they are just finally going to break even.
Some different dynamics from 2008. Back then mortgages were being given out to anyone without any regard to their income or expectation of ability to pay back the loan. Ninja loans; no income, no job, no assets. Teaser rate mortgages given out on the assumption that always increasing property values would make it possible to refinance forever.
Inflation is not a huge concern for me. Nor is falling property values. I've got a job so I can expect my salary to somewhat offset inflation. Money getting cheaper means it's easier for me to pay off my mortgage. I've got a fixed rate mortgage so my monthly housing costs aren't inflating. It doesn't really matter if I'm underwater on the loan unless I'm forced to sell the property due to unemployment.
The price of property will keep increasing as long as there is demand and money to support the prices. And there's a lot of money sloshing around. I saw estimates of up to $500 billion just in covid related stimulus fraud. All those billions thrown away on stupid college degrees. That's a lot of faggoty college professors sporting $300k salaries. They can afford a lot of house. That street shitter censorship corporate lawyer of twitter making $17 million per year. She ain't worried about paying a million for a house.
It very well could go up until the average house costs a billion.
My parents bought a very nice 3bed/3bath house in a suburb near Seattle in 1970 for around $17k. That house sold ten years ago for $800k and is valued at $1.8M today. In the 1980s they bought a house for $160k that was nicer, bigger lot, but further out. That house just sold for $1.6M.
In the last fifty years, homes have gone from five figures, to six, to seven. In another ten to twenty years or so we’ll be talking about $10M homes being the suburban dream. This is the magic of inflation. The houses are the same. The dollars are worth… less.
The 30 year mortgage is already a fiction, few people live in the same home 30 years. You might see 40 year mortgages, stretching the payments out and making it more affordable. It's like seeing the 5 year car loans you do now, instead of the usual 3.
A Russian man goes to the official agency, puts down his money and is told that he can obtain delivery of his automobile in exactly 10 years. “Morning or afternoon,” the purchaser asks. “Ten years from now, what difference does it make?” replies the clerk. “Well,” says the car-buyer, “the plumber’s coming in the morning.” -Ronald Reagan
Their end game has been stated. Their shadow corporations have made plenty of moves. The whole "you'll own nothing and be happy" ties into it.
Easy short timeline to follow, but realize it's been building before this...
COVID-Huge Bailouts-Insider Corporations Incoming Cash Boon-Use free monies to buy up as much real estate as possible prices don't matter so offer way more and get the deal done. Oh, extra credit.... Buy up every large farm available and own every damn acre possible.
Eventually people will have to sell their house. This inflation is making it hard for everyone. Sell your house and make nice profit. Now you gotta rent, cannot afford to buy because the houses are way too much
Their long game is ramping up....
Carry On!!
The inflation will also water down debt, so these big companies can take out huge, low-interest loans to buy property and the relative amount they have to pay back will negligible. They're already seen it drop by around 8% and there's no reason for it to stop.
In order to screw homeowners, they need the housing market to crash one more time. Like last time, it should crash right alongside the labor market. Bailouts for the banks and hedge funds, foreclosures for everyone else.
Then the land market can go up again to ensure that those who lose their homes never own land. Rents will go up until nobody can afford it, and Jews will present the Great Reset as the solution. They'll claim that UBI will make rent affordable. There will be strings attached to that, of course.
Simple, giant hedge-funds that get direct cash inflow from the banks themselves will just keep buying housing as they are right now.
How are you supposed to compete with people who literally cheat?
It'll only stop when the criminals pay for their actions.
It's acting as a sponge for inflation caused by ZIRP and QE. I think they will minister relative to these activities. They've inflated a lot more than this in other areas....
The bailouts are, of course, only good for investment firms. Individual home owners can't wait for the money to trickle down and go bankrupt.
Bailouts are really good for anyone who can survive the crash because the government's broke and would have to print more money, causing more inflation, and diluting the relative amount required to pay back.
People of Venezuela....
"No way that loaf of bread will cost a wheel barrel full of cash"
Kinda right, because eventually that cash was blowing around the city because it was worthless. Any central bank currency that is fiat will fall. Period.
Carry On!!
They cannot afford us to be right because we have all of the answers. It's a cat and mouse game. We're the unfunded mouse, that everyone hates. Soon enough though we will have the cheese and all of the answers.
If that happened though, they should be prepared to retreat to their bunkers.
If they did retreat to their bunkers, there's plenty of mind to uproot them out.
If they go in their bunkers we should seal them in with concrete.
No, I don't. TBTF found us bailing out the banks, even auto manufacturers. I'd say the Nation pulls more weight, meaning another to big to fail bailout.
I see piece of shit houses selling for a million all the time in the Bay Area. It’s not the house, it’s the location. The dirt is worth a million. More in many places.
I just paid cash for a house kit to build on my land. Bought the land last year cash.
No way am I going into debt to buy someone else's junk house. Screw what the market says they are worth, the average american house is junk.
relevant: https://www.reddit.com/r/Superstonk/comments/uflzht/the_2022_real_estate_collapse_is_going_to_be/
don't know how accurate but worth a read
That was a good read. I'll place my bet on October 4, right after end of quarter.
Houses in my are just reach the peak they were at 15 years ago. I have a lot of neighbors looking to sell because they are just finally going to break even.
Some different dynamics from 2008. Back then mortgages were being given out to anyone without any regard to their income or expectation of ability to pay back the loan. Ninja loans; no income, no job, no assets. Teaser rate mortgages given out on the assumption that always increasing property values would make it possible to refinance forever.
Inflation is not a huge concern for me. Nor is falling property values. I've got a job so I can expect my salary to somewhat offset inflation. Money getting cheaper means it's easier for me to pay off my mortgage. I've got a fixed rate mortgage so my monthly housing costs aren't inflating. It doesn't really matter if I'm underwater on the loan unless I'm forced to sell the property due to unemployment.
The price of property will keep increasing as long as there is demand and money to support the prices. And there's a lot of money sloshing around. I saw estimates of up to $500 billion just in covid related stimulus fraud. All those billions thrown away on stupid college degrees. That's a lot of faggoty college professors sporting $300k salaries. They can afford a lot of house. That street shitter censorship corporate lawyer of twitter making $17 million per year. She ain't worried about paying a million for a house.
It very well could go up until the average house costs a billion.
My parents bought a very nice 3bed/3bath house in a suburb near Seattle in 1970 for around $17k. That house sold ten years ago for $800k and is valued at $1.8M today. In the 1980s they bought a house for $160k that was nicer, bigger lot, but further out. That house just sold for $1.6M.
In the last fifty years, homes have gone from five figures, to six, to seven. In another ten to twenty years or so we’ll be talking about $10M homes being the suburban dream. This is the magic of inflation. The houses are the same. The dollars are worth… less.
You will. You will be earning $200 million per year. Same shit job, same shit pay, just bigger numbers and exposure to millionaire taxes.
The 30 year mortgage is already a fiction, few people live in the same home 30 years. You might see 40 year mortgages, stretching the payments out and making it more affordable. It's like seeing the 5 year car loans you do now, instead of the usual 3.
Houses will simply no longer be sold. Everyone rents from UmbrellaCorp.
A Russian man goes to the official agency, puts down his money and is told that he can obtain delivery of his automobile in exactly 10 years. “Morning or afternoon,” the purchaser asks. “Ten years from now, what difference does it make?” replies the clerk. “Well,” says the car-buyer, “the plumber’s coming in the morning.” -Ronald Reagan