I haven’t read it in awhile, but I don’t believe that covers the loss of value and the sudden massive increase in housing supply, that will certainly slash our housing market.
Why you think the market is closed on christmas eve? I wouldn’t worry about being foreclosed if your mortgage goes underwater due to the value dropping. There would be an overall system wide positive change to the financial system if he does this
I don't think they're going to crash the housing market. Perhaps you will end up with a house worth less than you paid for it, but quality of life would not be affected. For example a plate at your favorite restaurant is 100$ and your house is worth 100k. CCP property is seized and now your house is worth 80k but the plate is not $60, because workers can afford to live for less and the rent for the restaurant is low. Also your taxes would be relative to the drop in value, but it's all relative. Unless you speculated on a house to sell it at a profit in the short term, you'll befine
One way the Fed can hold that crash back is to seize the assets, but hold them on the books and dribble them out to the market.
Real estate, especially CA and NYC, needed to pop - and would under this scenario, but it will come back.
There's no way we can prop the market up past January - either Biden gets in, and it crashes, or Trump stays in, but the turmoil from that crashes - maybe not as hard. And, I would not put it past Soros and his gang to deliberately trying to crash it.
Basically, hold your ass. Shitstorm is coming, either way.
Sold a house in Indiana, two weeks on the market and once we got a low offer, 20 mins before the deadline some Chinese guy swooped in with an offer 10k above asking. He's now renting it to God knows who.
I will finally be able to afford a home? That would be a good start. I survived the last crash cause i am widely employable. Sorry to those it hurt. Dont keep all your eggs (monies) in one basket (investment).
Because of their tight currency controls, they print as much money as they want for external use. They use this external money to buy up foreign assets. When the money is remitted back to China, the currency is taken off the market, so as not to hurt their domestic economy. They literally acquired trillions of dollar of assets worldwide for $0.
The only reason they would drop it would be if it falls out of their hands while we're punching them. A lot of that property was purchased by Chinese smuggling money out of China, so it's not like the Chinese government can just "dump" it. It was purchased precisely because the Chinese don't trust their government.
Severing the money flow will deflate the property market, though.
People have to stop worrying about the price of their house. You agreed to buy it for that price and pay the mortgage. If you can’t afford it then fuck you for being an idiot
Do you understand how capital investments work? It's not about affording it, it's about retaining value in a non-depreciating asset. Learn more about economics before you run your mouth pede.
I dont know any investment where the investor is 100% guaranteed from a loss, yet homeowners think they somehow they should be, and if they are not then the government should somehow bail them out. Like seriously fuck them. Anybody with a brain can see how ridiculously unsustainable, pricing in the housing market is.
If you really think house prices are going to crash, because the Chicoms will be forced to pull out, THEN YOU SHOULD SELL just like any good investor would. But instead you are looking to government like crying to mommy
I haven’t read it in awhile, but I don’t believe that covers the loss of value and the sudden massive increase in housing supply, that will certainly slash our housing market.
Why you think the market is closed on christmas eve? I wouldn’t worry about being foreclosed if your mortgage goes underwater due to the value dropping. There would be an overall system wide positive change to the financial system if he does this
I'm not worried about losing my place to stay, I'm worried about loosing the 6 figure value that I've been investing in for a decade......
I don't think they're going to crash the housing market. Perhaps you will end up with a house worth less than you paid for it, but quality of life would not be affected. For example a plate at your favorite restaurant is 100$ and your house is worth 100k. CCP property is seized and now your house is worth 80k but the plate is not $60, because workers can afford to live for less and the rent for the restaurant is low. Also your taxes would be relative to the drop in value, but it's all relative. Unless you speculated on a house to sell it at a profit in the short term, you'll befine
One way the Fed can hold that crash back is to seize the assets, but hold them on the books and dribble them out to the market.
Real estate, especially CA and NYC, needed to pop - and would under this scenario, but it will come back.
There's no way we can prop the market up past January - either Biden gets in, and it crashes, or Trump stays in, but the turmoil from that crashes - maybe not as hard. And, I would not put it past Soros and his gang to deliberately trying to crash it.
Basically, hold your ass. Shitstorm is coming, either way.
Shit storm coming either way desperately needs to be understood. There are very hard times coming no matter who occupies the WH come 20 jan
Realtors I’ve dealt with have joked calling it the Asian invasion
Sold a house in Indiana, two weeks on the market and once we got a low offer, 20 mins before the deadline some Chinese guy swooped in with an offer 10k above asking. He's now renting it to God knows who.
Remember the government forced Bank of America to absorb bad home loans back in the Great Recession. More can happen here too.
It’s even worse here in Canada.
I will finally be able to afford a home? That would be a good start. I survived the last crash cause i am widely employable. Sorry to those it hurt. Dont keep all your eggs (monies) in one basket (investment).
We buy it up let’s get ready
They lose their asses, and we get a glut of cheap housing.
Because of their tight currency controls, they print as much money as they want for external use. They use this external money to buy up foreign assets. When the money is remitted back to China, the currency is taken off the market, so as not to hurt their domestic economy. They literally acquired trillions of dollar of assets worldwide for $0.
The only reason they would drop it would be if it falls out of their hands while we're punching them. A lot of that property was purchased by Chinese smuggling money out of China, so it's not like the Chinese government can just "dump" it. It was purchased precisely because the Chinese don't trust their government.
Severing the money flow will deflate the property market, though.
Monterey Park.
yes i just purchased 2 months ago same shit going on.
Is there some sort of list or database of the properties they own?
People have to stop worrying about the price of their house. You agreed to buy it for that price and pay the mortgage. If you can’t afford it then fuck you for being an idiot
Do you understand how capital investments work? It's not about affording it, it's about retaining value in a non-depreciating asset. Learn more about economics before you run your mouth pede.
I dont know any investment where the investor is 100% guaranteed from a loss, yet homeowners think they somehow they should be, and if they are not then the government should somehow bail them out. Like seriously fuck them. Anybody with a brain can see how ridiculously unsustainable, pricing in the housing market is.
If you really think house prices are going to crash, because the Chicoms will be forced to pull out, THEN YOU SHOULD SELL just like any good investor would. But instead you are looking to government like crying to mommy