Total economic collapse imminent (wealthiest, salary, work, investor)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Your original thing was you were rejoicing in the suffering of others now it seems limited to the working class getting shafted so you can buy.
You do realize that a 26% drop is someone else's loss - I would not count on those type of drops - sellers will likely pull the sale rather than take a steep drop. Realistically, the increases in interest will likely whipe out any gain in prices.
The working class, and all of us, are getting shafted by terrible policy.
The working class, and all of us, are getting shafted by terrible policy.
You realize inflation and depression....while having the most pronounced fiscal loss for the rich....tend to kill a lot of poor people. Everyone loses...and then they lose hope. They then turn to dictators or socialism to save them. From there the country is destroyed and it only then can democracy attempt to again attempt to rise out of the ash of destruction.
Freedom is a messy, unfair and unknown beast....but it is the best thing we've got.
Two issues - you got to know what is the bottom - that is very difficult and you got to have money to afford to buy. It would be a fools game to buy stock on margin so better have the dough. The bottom of the RE market is likely to coincide with the highs in interest rates wiping out much of the gain in price but adding to capital gains you will have when go to sell.
I think most people should try to set aside at least $1,000 every month from their paycheck for the purpose of buying assets or investments. It is a good habit to get into in any case.
You don’t even need to predict the exact bottom of the market. It is always a good time to buy when markets are down, as they have been for months now. As far as real estate goes, you have to see how much of a mortgage it is profitable to take on based on the current interest rate.
Two issues - you got to know what is the bottom - that is very difficult and you got to have money to afford to buy. It would be a fools game to buy stock on margin so better have the dough. The bottom of the RE market is likely to coincide with the highs in interest rates wiping out much of the gain in price but adding to capital gains you will have when go to sell.
With the Fed constantly lying and falsifying the inflation report and using it as an excuse to destroy the economy. Only the 1% will have the liquidity to buy. Don’t think the bottom is here, they’re just getting started. They never cared about inflation it’s just an excuse. They don’t call this a great reset for no reason.
Your original thing was you were rejoicing in the suffering of others now it seems limited to the working class getting shafted so you can buy.
You do realize that a 26% drop is someone else's loss - I would not count on those type of drops - sellers will likely pull the sale rather than take a steep drop. Realistically, the increases in interest will likely whipe out any gain in prices.
Anyone who owned prior to 2020 will be fine. Better than fine. People who bought in this ridiculous pandemic run up might have some trouble.
There are some fixers on the market now, almost within my target range. I think next 6-9 months they will come into range.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
