/biz/ - Business & Finance

>>25956060
>Unemployed renters were spending virtually all of their unemployment insurance on housing costs before the latest stimulus

>recession is expected to cause chronic homelessness to increase some 49% nationwide

>An additional 603,000 adults will be homeless by 2023 because of the pandemic, researchers estimate

https://www.marketwatch.com/story/covid-19-will-cause-twice-as-much-homelessness-as-great-recession-study-finds-11610482333

how do we profit from
that?

>>25956179
Start hostels for the virtuous homeless?

>>25956275
Then start a cult for them to join.

>>25956294
Then buy a farm in a third world country for them to live in.

>>25956179
Buy up foreclosed homes for pennies? And become a generational rentkike.

>>25956060
im i retarded or is that title doenst make any sense?

>>25956742
Multiple stories in the same heading.

>>25956179
if you have a house sell now, before all prices go down. then rebuy when market tanks.

>>25956324
I want to do this but i didnt make it yet fuck

>>25956060
>"""investing""" in real estate right before the year of the rope

ngmi

>>25956179
Rent them apartments that they'll never be able to move out of.

>>25956842
But I said you do it after, not before.
No one is telling you to buy real estate at ATH.

>californians vote against orange man
>dementia man keeps everything shut down
>calicucks lose everything
>probably blame orange man again

Nothing of value lost.

>>25957194
From the article

>The situation will be even worse in California, which was already the epicenter for the country’s homelessness problem before the pandemic. Chronic homelessness is expected to increase 68% in the Golden State, with an additional 131,400 homeless adults. Of these people, over a third will be located in Los Angeles County alone.

>To produce these figures, Economic Roundtable looked back at what occurred following the 2008 recession. During that time period, roughly 10% of people who lost their jobs in Los Angeles subsequently experienced homelessness.

>>25957227
The average leftist califzg will flee to texas, pretending nothing happened and vote for democrats again. Literally a locust species.

>>25956060
I've literally been talking about this since March.
>>25956804
I've been telling all my friends who are moving lately. Only one listened. Absolute Chad making his wife and kids live in a rental waiting to scoop up a mansion on the cheap in 6-12 months. Everyone bitching at him, he's going to look like an absolute genius after the dust settles.

>>25957288
>vote

Leftists got arrested today in texas for committing fraud months ago. It's all fraud. The only reason Texas didn't go blue is because they got rid of Dominion after 2018. You are dealing with fat mtf trannies who rig elections because they're mentally ill.

>>25957227
>most prosperous state in the union
>turned into a thirdworld shitsty in just 20 years

Can't say I care.

>>25957427
>>turned into a thirdworld shitsty in just 20 years
Reminds me of the shkreli rent vs own video. Investing on a prime property means you're betting on the future outcome of the area something you have no control over. He gave an example of Detroit which was prosperous before and turned into a shithole.

Its always the little guys that get fucked over by this

>>25956804
>more homeless people will create reduced demand for housing.
It’s like you are retarded or something.

>>25957484
And then they get memed into voting for the people who fucked them over because they promise more welfare lmao. Society going straight into the gutter because people are so easily manipulated. Though I guess it's because the 'other side' is clearly controlled opposition to herd people into voting for increased state control.

>>25956060
Thank god i'm not american or any of these white pigs lmao

>everyone loses their job
>great recession
>stock market and crypto at all time high

real estate prices aren't actually going down despite economy down the shitter and boomers dying, when is this scam going to implode, fuck I just want to have a home

>>25956060
>pennies
lmao.

If they were worth pennies they wouldnt get foreclosed, and if they did the bank would just make a deal rather than going through the effort of selling it for pennies.

If theyre cheap enough then anyone can buy them, meaning there isnt a housing crisis which you are predicting. If no one can afford them, then obviously they wont be cheap. Unless you think somehow everyone will only have a $100 in savings and no physical property they can trade with,

Those that peddle usury debt systems need to be expelled into the sun

>>25957783
>fuck I just want to have a home
Lmao you think have a right to that? You think you have the right to live freely on the planet you were born on in this vast universe? To have somewhere, something you can call yours, to have the right to access and utilise land?

You were born to serve your betters, the food on your plate belongs to the state. You dont have the right to be selfish and not contribute to society™. You'll own nothing and you'll like it. The great reset is coming and you will stay put and work to support your betters. Travel and "seeing the world" will be banned, the resources allocated to you will be far more efficient than giving you a sense of "freedom" just to be selfish and consume everything in your path. The dwindling natural resources need to be reserved and divvied up among your betters, not for common serfs.

>>25957784
>Unless you think somehow everyone will only have a $100 in savings and no physical property they can trade with

This is literally the vast majority of wagies and welfare surfers.

>>25956060
I started a Corp just to goggle these up, rent for a year and resell.

>>25957784

Man I bought like 5000 dollar worth of bronze statues I liked and people treated me like I'm super rich. Normies have no idea how money works. They invest nothing.