Consume home equity.
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Sounds like a HELOC.. They know foreclosures are coming.
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13 comments:
I'm in the market for a house to flip... The foreclosures are already here but no major deals yet. Tons of listings directing you to auction.com and assessor sales for the foreclosure auctions but most get canceled for now, I'm sure it's coming though.
I’m just waiting for prices to crash so i can buy a new house.
Inflation is too high for home prices to go back to 2019. Homes aren’t worth more, money is worth less
They're either crashing or there will be hyperinflation. The reason they haven't yet is purely inflation. Nobody is making more money at their 9-5 to afford a house right now.
A year ago I would've said hyperinflation and dollar collapse is most likely, but currently new home builders are sitting on a huge inventory of houses they can't sell and they've put new building on hold. So at this point, I'd expect a price crash of maybe 25%, a stimulus and rate cuts to cause hyperinflation and then a collosal crash of the dollar.
A year ago I would've said hyperinflation and dollar collapse is most likely, but currently new home builders are sitting on a huge inventory of houses they can't sell and they've put new building on hold. So at this point, I'd expect a price crash of maybe 25%, a stimulus and rate cuts to cause hyperinflation and then a collosal crash of the dollar.
investment groups are buying up the free inventory. zoning laws are restricting new builds. everyone is going to be a 50 year debt slave (your entire useful life) or rent forever.
we're going to kick the can down the road at least another 10 years, probably more. then one day, hyperinflation and chaos.
we're going to kick the can down the road at least another 10 years, probably more. then one day, hyperinflation and chaos.
The whole idea of a mortgage is to untangle the liquidity of your house so you can participate in the economy and still own property. We're completely screwed.
Every time I peek back in on the direction of the housing market, I become increasingly uncertain whether or not it's even worth eventually abandoning vanlife.
Shack up in a coastal region with an Econoline and a few dozen k in savings, and you're basically retired as long as you make a bit on the side. I'd say that's a hell of a lot better way to live than playing a never ending game of Monopoly for the privilege of living in one of Mr. Shekelberg's goyshacks (niggers included!)
I've structured my entire life around keeping the jew's spindly talons out of me as much as I'm able. No debt, no contractual enslavement. Short of needing to provide a roof for a wife and children, I can't think of anything that could be worth giving that up for.
Shack up in a coastal region with an Econoline and a few dozen k in savings, and you're basically retired as long as you make a bit on the side. I'd say that's a hell of a lot better way to live than playing a never ending game of Monopoly for the privilege of living in one of Mr. Shekelberg's goyshacks (niggers included!)
I've structured my entire life around keeping the jew's spindly talons out of me as much as I'm able. No debt, no contractual enslavement. Short of needing to provide a roof for a wife and children, I can't think of anything that could be worth giving that up for.
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What was their economic model and how fast can we repeat it?