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Geo
Well-known member
Derka derka, your mom was a pedo, derka derka baklava
Floyd Eye
Well-known member
It seems like this may be photoshopped.
JDs Couch
Well-known member
It's entirely possible...
JDs Couch
Well-known member
This is why many people would be happy if the housing market went down...
It's far more difficult these days for a young person to get a foothold in the market. The benefits of house prices rising are extremely uneven.
Even as a homeowner, I would be happy if my home value went down by half, to benefit the next generation.
It's far more difficult these days for a young person to get a foothold in the market. The benefits of house prices rising are extremely uneven.
Even as a homeowner, I would be happy if my home value went down by half, to benefit the next generation.
Geo
Well-known member
Yes, derka derka sacrifice baklava mashed potato.
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Robostyle
Well-known member
BABMusic
Well-known member
I'm in a very similar position with cash and holding out, like Warren Buffet is also doing right now. However, I can't help but wonder if they will just print into oblivion to avoid a recession / deflation. "This time is different" is the message, but is it really going to be different? They always say that right before a crash. I do admit that the level of how screwed up everything is, it does feel different this time.
As far as housing, I'm not saying anyone is entitled to owning a home. I am saying that ridiculously high real estate prices does not benefit most people and causes a lot of harm for those left holding the bag.
JDs Couch
Well-known member
Both.
BABMusic
Well-known member
Even though rates were really high in the early 80s, it was still a much better deal than what you get today. You will have high property taxes as well because of the appraisals (which mean jack shit a lot of the time).
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Robostyle
Well-known member
You never post up anything about new zealand though.
Why is that, i wonder?
Laputan Machine
Well-known member
There are 630,000 more sellers on the market than buyers, the fed is just going to keep printing fake money and doling it out to crypto-government entities like BlackRock so they keep buying shit up to keep the scam going. Who cares that no one can afford houses and home ownership is falling drastically? Just print more fake money, everything will be ok.
BABMusic
Well-known member
Well, true, but Blackrock were selling a lot of their homes last year. All they care about is profit and if homes are not profitable, they let them go.
BABMusic
Well-known member
Off topic, but I am convinced that there will be a stock market crash before 2028 and the main reason will be a sell off of AI stocks.
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VonBonfire
Well-known member
You could be right. News out of FL today shows a lot of open rural areas telling the data center builders to go screw themselves and Desantis is not making it easy for them either. News out of my nearby city last week is they told the data center builder to go screw themselves. Makes zero sense when a whole bunch of regions in the country are in a drought.
BABMusic
Well-known member
This might be false, but I heard that the real reason for those data centers is that they are trying to tap into people's subconscious minds. Maybe this is not true, but I just don't think they are building them for our benefit. There's no need for them and no one asked for them.
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VonBonfire
Well-known member
It's irrelevant to me the reason for them but I suspect it's just storage for mass surveillance. They require a huge concrete slab, which means a lot of water usage just for the build. Then you have all the stories from Georgia and Alabama....in Georgia using eminent domain to secure sites, then the other story was they told people to conserve water meanwhile the nearby data center had tapped in to the line, paid nothing, and was guzzling it. In Alabama convenient forest fires near proposed data center build sites. Tahoe, telling people after '27 they won't be able to provide electrical power to residents cuz data center. I was watching a guy in Pennsylvania...data center moved into his neighborhood, runs big diesel gensets all day, did stuff they weren't supposed to and basically told residents nearby to screw themselves never mind the damn eyesore that center is....
They claim they can build air cooled and also closed loop systems that don't hog the water but a holding pond empties very fast in the hot TX sun so closed loop seems like bs to me. My kid is a computer guy and had a large server rack. During cold portions of the winter when my house wasn't fully insulated I would have him fire up all his servers as auxiliary heat. They put off an amazing amount of heat to the point I told him he had to shut them down in the summer. Ain't no way you're gonna cool a data center with air during a southern summer, you'll just fry the equipment. So you know they are all gunning for water supplies.
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