Housing market

[BABMusic]

I am just wondering how they are going to give anyone over 30 years old a 50 year mortgage.

Someone will come into the bank and say, "I take my vitamins, probiotics, I meditate and work out -- I'll be around."

 

[Wizard of Ozz]

I don't see the problem with this. If a person can't afford $1500 for rent, they may be able to afford $800 for a mortgage. And yeah it benefits the banks but it can be used to get more people into homes. And if the people are responsible, they can pay the mortgage earlier by adding to the principle. It's just another tool.

Yeah... but they won't do that.

If they start giving mortgages to people that can't pay them off in 15-30 years... have a DTI higher than 40%... CS less than 600... this will only make things worse.

The trash will get a house... invite their 32 family members or sublet it to the first 17 Section 8 recipients that show up on their front porch for the "room for rent"... destroy the house... let it go in to foreclosure... walk away and let the bank try to sell it at 30% of the new price... while the surrounding home values and neighbors all suffer.

 

[Geo]

Yeah... but they won't do that.

If they start giving mortgages to people that can't pay them off in 15-30 years... have a DTI higher than 40%... CS less than 600... this will only make things worse.

The trash will get a house... invite their 32 family members or sublet it to the first 17 Section 8 recipients that show up on their front porch for the "room for rent"... destroy the house... let it go in to foreclosure... walk away and let the bank try to sell it at 30% of the new price... while the surrounding home values and neighbors all suffer.

The American people morally bankrupt, banks monetarily bankrupt.

Gotta keep feeding the machine or it stops.

 

[JDs Couch]

Guys, wait, I have an idea...

 

[Geo]

Guys, wait, I have an idea...

View attachment 423196

Someone who still lives in his parents basement should have no opinion on mortgages.

 

[Findthetone1]

Someone who still lives in his parents basement should have no opinion on mortgages.

But he has 2 businesses and VASSSSTTT farmland

 

[Wizard of Ozz]

Case in point:

 

[Laputan Machine]

Gee....you think the zoning board got bribed?

 

[Laputan Machine]

Yeah... but they won't do that.

If they start giving mortgages to people that can't pay them off in 15-30 years... have a DTI higher than 40%... CS less than 600... this will only make things worse.

The trash will get a house... invite their 32 family members or sublet it to the first 17 Section 8 recipients that show up on their front porch for the "room for rent"... destroy the house... let it go in to foreclosure... walk away and let the bank try to sell it at 30% of the new price... while the surrounding home values and neighbors all suffer.

It's almost like we went through something like this in the recent past which led to such amazing outcomes...
Just another scheme by the banks to loot the next time they decide to crash the economy.

 

[Robostyle]

Bwaney Fwank is a piece of shit

 

[Floyd Eye]

Bwaney Fwank is a piece of shit

Should have been indicted for sure.

 

[Wizard of Ozz]

Gee....you think the zoning board got bribed?

Hopefully a typhoon comes along and knocks it down... and the illegals swim home to Mumbai.

Love the solid construction of overlapping plywood... and no masonry block construction.

My treehouse when I was 5 was built better than than tinder-shitbox.

 

[BABMusic]

 

[Geo]

Yeah, only if you are an idiot.

15 year mortgages are still available.

 

[Robostyle]

Once the 20 million illegals are gone, i bet the home prices come down.

 

[BABMusic]

First time I've seen this in a mainstream publication. If it seems impossible, please know that China has already seen prices drop 50% in the last two years.

Price Correction ‘Worse Than 2008’ Coming To US Housing Market—Analyst​

https://www.newsweek.com/price-correction-worse-2008-housing-market-analyst-11103703

 

[Geo]

First time I've seen this in a mainstream publication. If it seems impossible, please know that China has already seen prices drop 50% in the last two years.

Price Correction ‘Worse Than 2008’ Coming To US Housing Market—Analyst​

https://www.newsweek.com/price-correction-worse-2008-housing-market-analyst-11103703

Is that because of the removal of illegal migrants or because Blackrock/Vangaurd buying up all the housing?

 

[Floyd Eye]

Never in a million years will I trust what some bitch, ANY bitch, named Melody says. Not again anyway.

 

[BABMusic]

Is that because of the removal of illegal migrants or because Blackrock/Vangaurd buying up all the housing?

I think it's more fundamental than even that -- prices were too high, and people do not have jobs with wages to buy them. Blackrock has sold a lot of their homes over the last 2 years because contrary to what people think, they only care about yield.

 

[Geo]

I think it's more fundamental than even that -- prices were too high, and people do not have jobs with wages to buy them. Blackrock has sold a lot of their homes over the last 2 years because contrary to what people think, they only care about yield.

They can also afford to weather the storm and own more.