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 $60, because workers can afford to live for less and the rent for the restaurant is low. Also your taxes would be relative to the drop in value, but it's all relative. Unless you speculated on a house to sell it at a profit in the short term, you'll befine
One way the Fed can hold that crash back is to seize the assets, but hold them on the books and dribble them out to the market.
Real estate, especially CA and NYC, needed to pop - and would under this scenario, but it will come back.
There's no way we can prop the market up past January - either Biden gets in, and it crashes, or Trump stays in, but the turmoil from that crashes - maybe not as hard. And, I would not put it past Soros and his gang to deliberately trying to crash it.
Basically, hold your ass. Shitstorm is coming, either way.
I haven’t read it in awhile, but I don’t believe that covers the loss of value and the sudden massive increase in housing supply, that will certainly slash our housing market.
Why you think the market is closed on christmas eve? I wouldn’t worry about being foreclosed if your mortgage goes underwater due to the value dropping. There would be an overall system wide positive change to the financial system if he does this
I'm not worried about losing my place to stay, I'm worried about loosing the 6 figure value that I've been investing in for a decade......
I don't think they're going to crash the housing market. Perhaps you will end up with a house worth less than you paid for it, but quality of life would not be affected. For example a plate at your favorite restaurant is 100$ 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