/biz/ - Business & Finance

>>53916867
Stop saying "hey niggers of -insert here-, -insert here- -insert here- -insert-here-?". Do that shit yourself, dumbass. And to answer, we are on the cusp of a controlled demolition. Most will lose everything. SS benefits are a farce, and they are scrounging for cash. Be aware of bail-ins, and beware of civil forefeiture. Your property can be seized and stolen if you are jailed under an 'alien law' as they did to the Germans after World War 1 and 2.

Read this.

https://www.unz.com/lromanoff/the-richest-man-in-the-world/

>>53916914
So keep paying goldberg to rent?
That's a waste too fucker.

>>53916971
Fuck no. Just do not be tied down to false assets that cannot be transported with you in the inevitable event of collapse. Hunker down, or flee. Family above all. If you do not have that, make one.

>>53916989
Well here's my problem. I live in a very high col state. My family got here before it blew up. I got about 5 months left in my lease. I make decent cash and can WFH but it's way to expensive to live here. Like 2500$ month mortgage for shit type of expenses.
So I've been trying to figure out just take a huge mortgage because it's all going to hyper inflate anyway or move somewhere cheaper in the Midwest and get some farm land but leave family.

>>53916867
save in bitcoin, homes get cheaper when pirced in bitcoin

>>53917112
Stick with your family. You can change those around you by becoming a beacon of power through semen retention and prayer. Are you vaxxed?

>>53916867
Imagine being in your 30s and still blaming things on 'the boomers'. Millennials are so fucking pathetic

>>53917112
>move somewhere cheaper in the Midwest and get some farm
This and enjoy ur life

>we'll invest in blue chip dividend paying aristocrats
>yolo bbby gme doge

>>53917112
>just take a huge mortgage because it's all going to hyper inflate anyway
yeah definitely do this

>>53917307
should be blaming the central banks

>>53917183
No vax.
How do I afford something though unless using on way more debt.

>>53917307
You prefer the Jews then,?

>>53916914
Thanks for link anon.
Basicly sounds like this shit is crashing soon. But...I'm trapped ina. Fucking apartment in the city.

>>53916867
Sell your house in a high CoL, buy a house in a M/LCoL in cash, be comfy and ride out the storm for the next few years.

>>53918324
you're right. better FOMO into a shitbox for $300k at 6.5% interest bro. you HAVE to do this immediately or else you will be a "rentoid"

>>53918433
uhhh, yes?

>>53916867

These meme are starting to really exaggerate boomers' quality of life.

>>53919038
t. boomer or gen x grifter

>>53919038
https://www.imdb.com/title/tt0092400/
The guy supported an entire useless fucking family on a minimum wage income. This was totally normal at the time. If you're older than a boomer, you've been fucked over your entire life.

>>53917307
https://www.focus.de/finanzen/steuern/grundsteuer-hans-joachim-lehmann-dieser-mann-kippte-die-grundsteuer_id_8760622.html

Literal boomer who per the highest court forces the parliament to make new taxlaws in regard to property.

>>53920132
>posts fake TV show as source of his info

Damn millennials really are a generation of retards

>>53916914
I actually read it for 1h30 straight and it was awesome.

Thanks buddy

OP you are such a cuck.

1. That meme is bullshit. Houses were smaller in our parents generation, not as nice, and families were less likely to own multiple cars - especially so with our grandparents

2. You cant afford a single family home in 2023 because you are a basement dwelling virgin instead of, you know, a 'single family'. Get a wife who has even a modest income and if you cant afford a house then maybe it's time to stop flipping burgers

If you want sympathy for how hard it is to buy a home (it isn't) then go to Reddit

>>53922622
Lolz at being this much of a Jew dick sucker.
Just don't have a family, just make your wife work too, you too can have a shitbox for 30 years!

>>53922622
id spit in your fucking face if i ever met you nigger

No, it's a horrible time to buy. Lrn2illiquidshitcoin. Boomerbox is THE illiquid shitcoin, YEARLY volume is 1% compare this to something like SPY where the yearly volume is over 3000%. It takes ages for SFH to find it's price level as it's completely illiquid, do not buy now, you will unironically never financially recover.

>>53923873
Note this chart only goes to Mar'22, when mortgage rates were still only 4% or so, buying premium has only increased since. Don't FOMO, wait for the market it find it's level

>>53916867
IF you have the money to do it, buy a house, ffs. Stop putting Goldberg's kids through university, you have NOTHING to show for years of renting.

If you don't, unfortunately the system is hell bent on you not owning a house (or anything). If you can't get help from family/friends, things look bleak for you, ngl.

>>53925082
There are financial benefits to renting vs owning. Typically, what you rent isnt as nice as what you buy. For ex: renting a 1BR in a nice neighborhood is much cheaper than buying a smaller home in the same neighborhood. In addition, you dont have to pay for repais and maintenance, which is an additional 2-5k a year if not more

Then you can just cram those excess savings in the market which historically outperforms house as an asset and really come out better than homeownercels

>>53923777
we both know that will never happen because that would require you to leave mommys basement

>>53925139
Never thought I'd witness these levels of copium

>>53916867
>find a place to live
>check what it would cost to rent a similar place
>if it's cheaper to buy than rent, do it

It's not fucking rocket science.

>>53925781
This anon gets it
>>53925581
This anon is desperate for you to pump his bags

>>53916867
>uses almond milk
>buys organic bread from bakery
NGMI

>>53922622
>Houses were smaller in our parents generation, not as nice
t. hasn't had the displeasure of living in a new build

>>53922622
Lolz

>>53917153
>fiat bad
>virtual fiat good
ok goy.

>>53917112
People who buy property often want to start where they want to end up.
You can't buy a lovely house in a great area near your family.
You buy what you can afford. Then in a year or 2 you trade up. Eventually you get good at it and get what you really want.

>>53928817
>You buy what you can afford
HAHAHA lol lmao heeheh lol

>>53928817
you have to hold for like 5-7 years just to break even on selling costs, assuming 1% annual appreciation. you have no idea what you're talking about.

>>53928817
>trade up
Actually sweetie you get rentoids to pay your mortgage, then buy a second home and repeat.

>>53922622
>>53922622
>instead of, you know, a 'single family'. Get a wife who has even a modest income

holy shit the abject faggotry. Dual incomes should not be a requirement for a fucking small modest starter house. Sure if you want a bigger house and the 3 car garage, by all means yeah 2 incomes might be necessary if you aren't a baller. But just accepting that you need a secondary income to afford a fucking home is cucked to the brim

>>53929074
Indeed, the amount of Just World koolaid drinking slavemind anons is truly sickening

>>53922622
Just get your wife working her child years away it's ok.msrxp

I just went to buy milk and bread.
I also bought 3 apples, 2 bananas, 1 lemon, 125g of ham and toilet paper.
It cost me $40.

>>53922622
>Houses were smaller in our parents generation
i'd rather live in an old bungalow with structural brick and a huge yard, than in a mcmansion made out of plywood and brick veneer

>>53916867
Just stay in the house you bought back in 2017 bro

>>53929419
Are you in Canada?

>>53922622
quality bait

>>53917183
2 more heckin weeks

>>53917112
If your parents don’t want to live with you and create a wealthy healthy multigenerational household then they’re not worth living near. I still live with my parents and brother. We have a total household income of about $340k

>>53916867
Both my grandad's raised families of six on a single salary and both had second homes.

>>53930431
I have a family so would be too tight in one house

>>53917112
>>53917359
>just take a huge mortgage because it's all going to hyper inflate
lmao falling for the hyperinflation meme. Interest rates were 0% and they couldn't get people to take loans (create new money). It's over. How do idiots expect hyperinflation to happen? You thought it was happening already? Because the news said so? Fucking idiot. There is going to be less money now. Interest rates are rising. People will be loaning less and paying back more. DEFLATION. You idiots people will be dying and rioting because they are so poor. Once enough people kill themselves THEN the government willl "do something" to "solve" the "crisis" and THEN there will be hyperinflation. Imagine buying a house now hahahaha you will kill yourself.

There isn't going to be a crash is there?

Thinking about it your average guy got in a 3-4percent and a house worth like 250k, now sitting at 400k. He has a huge way to fall, and can't find anything similar that isn't going to cost way more each month. So there just won't be a big supply short of a full econ wipe out.

Am I missing a reason it WOULD crash?

>implying

>>53931417
>Am I missing a reason it WOULD crash?
Yes. Interest rates will keep going up and lots of people will be forced to give up. In Australia at least, most people are on variable interest rate loans or fixed for 3-5 years. There are people whose rates will triple or more in the coming years. Less than a year from now, people who signed a 3 year fixed loan at the beginning of 2021 will go from owing the bank 1/3 of their salary to 3/3. They are fucked. At the same time people will be getting layed off because high interest rates putting people out of business.

Not to mention the factors that have made it a seller's market can be switched off like a tap. All western populations would be shrinking if not for immigration. Also boomer's boosters will continue to do their job.

It is unequivocally over for house baggies.

>Captcha: GG

>>53920132
>https://www.imdb.com/title/tt0092400/
He OWNED the fucking shoe store in the first season. At some point in the series they thought it would be funny to have him sell his business and come back as an employee.

>>53931521
>rates are going to go to a place they'll never be able to afford!
>not only is their income not going to go up in that time, but they're going to lose their jobs!

Lmfao what cope, real estate equivalent of "2 more weeks"

people from shit countries(fucked up infrastructure and city planing) - buy a land on the outskirts and try building house yourself. Half of the construction work doesn't require you to know much. Other half (roof, foundation) - hire contractors.

It feels like you can't bend your back for 10 years and get nowhere. Someone(maybe yourself) is screwing you over. Save->buy land->do it yourself.

>>53931588
>>rates are going to go to a place they'll never be able to afford!
Yeah, they've already gone there lmao. It's simply a matter of waiting for the new rate periods for those on fixed loans. Don't expect them to stop going up either.

>"2 more weeks"
Literally except it's 2 more years in real estate since it's so slow. Seriously you don't even have to make prescient predictions, it's so slow you just make your trades once it's already locked in what's about to happen.

if you're poor, high interest rates (short term) are good, because they force you to buy a cheaper house, which you have a greater likelihood of paying off, just refinance when rates go down

>>53931521
Rates will be going down 2024 so rates wont be tripling. Cope harder dude

>>53931310
So your argument against hyperinflation is the big banks are going to slow credit, dry up liquidity, and allow their largest financial instrument to collapse? Sounds pretty honest. Glad the banks are going to do the right thing.

>>53931789
I'll give you some real numbers from Australia so maybe you can understand. 3 year fixed loan interest rates are 2.25x from 3 years ago today. People who took out those loans are just feeling that pain today. Rates didn't bottom until 1 year after that in 2021 (2 years prior to today). All this year more people are going to hit year 3 of their loan and feel even more pain than that. You are hoping they stop raising rates in 2024 and maybe they will but I bet they will not be lowering them for some time. All the time they're not bringing rates back to 0% is time that people's mortgages are squeezing them for >2x what they signed up for and probably >3x. Banks approve loans of up to 35% of pre-tax income and 28% of pre-tax income is common. (this is considered conservative since they were ok with 45% before 2008) . So it's basically already locked in that some people will be fucked. They will have to work like literal slaves spending money on basic food and their mortgage only. Or default. (they might not have a choice at some point)

>>53931902
My argument is for hyperinflation but only after everyone gets destroyed.

You are taking a conspiracy theorist view and so am I. I am better at guessing the conspiracies than your are though. They are actually going to kill everything this time. That's my opinion.

>>53916914
I am reading this essay and some informations seem to me questionable at best.
>There are international companies worth in total many trillions of dollars that are entirely Jewish; Nestle, Sanofi, Monsanto, being a few among hundreds such.
Nestle is a publicly traded company, according to the information I could found online, retail investors own approximately 68% of the company, while institutional investors own the other 32%.
What does the author mean when he says Nestle is "entirely Jewish"?

>>53931949
>australia
rents and house prices have stopped going down and are actually vastly more expensive in real terms now that interest rates have increased

It's amazing what importing over 300,000 chinks and pajeets (over 1% of our current population) in a year will do hey? This cunt is fucked.

>>53932469
Yes, house prices are really only 2 things. Population growth and lending. As long as more people want to buy houses than are available because the population is growing then it is a sellers market. In that case people bid against each other to the maximum amount the bank will lend them.

I find it hilarious watching the news and the explanations they feed everyone. "House crisis", "rent crisis", "stagnant wages crisis". Literally all >90% caused/solvable by migration policies but they come up with more stupid shit to talk about everyday. Everything except the obvious. And it's something that's entirely within the control of the government. They can't really control how much competition there is between companies and they certainly can't control prices of building materials but they have 100% control of the border.