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225
Error404LifeNotFound [S] 225 points ago +225 / -0

"You'll have a recession like we've never seen" - TIME TRAVELLER TRUMP

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bidensmissingbrain 133 points ago +133 / -0

Something tells me we aren't looking at just a recession.

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Error404LifeNotFound [S] 96 points ago +96 / -0

bigger drops than the dot com crash and more structural than the 2008 real estate crash.

unprecedented . back to great depression era incoming.

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based_trekkie 69 points ago +69 / -0

This is the time to circle wagons and kick the savage democrats OUT of the circle...

They want a Depression, fine, but WE get to choose WHO SURVIVES IT!

15
CoyoteTan 15 points ago +16 / -1

Easier to feed a populace that shrinks by a few million.

We're reducing their carbon.

5
Serulin 5 points ago +6 / -1

Reducing them to carbon would be better.

3
Wallypip3 3 points ago +3 / -0

Technically speaking they're already carbon...

2
BuSpocky 2 points ago +2 / -0

So is shit.

3
trumpwon1233 3 points ago +3 / -0

can anyone give me the exact numbers of trump's stock market when he left?

2
Necrovoter 2 points ago +2 / -0

can anyone give me the exact numbers of trump's stock market when he left?

For the same period of time (first 15 months in office)

Under Resident Puppet Biden Jan 20,2021 to May 9 2022
Dow Jones went from 30,930 to - 32,245 only a 4% gain
Nasdaq went from 13,197 to 11,700 an 11% LOSS

For President Trump Jan 20 2017 - May 9 2018
Dow Jones went from 19,732 to - 24,360 a 23% gain
Nasdaq went from 5,540 to 7,266 a 31% gain

That's a 19%/42% difference between Trump. Add in 40% plus inflation and you can see our economy has been blasted with a flame thrower by the DNC.

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K-Harbour 30 points ago +30 / -0

We crossed the TRUMP LINE a while back, after adjusting for "inflation".

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resoluteAction 33 points ago +33 / -0

Yeah. They doubled the money supply and markets only went up like 20%. Adjusted for inflation we are already in a deep bear market/ entering a depression. Hence the calls for ww3 to save the 1% who think they can hide in their Montana/Wyoming bunkers.

8
CNNdotWin 8 points ago +8 / -0

Hence the calls for ww3 to save the 1% who think they can hide in their Montana/Wyoming bunkers

WWII went well for the 1% so they assume same will be true for WWIII

17
grenades_and_ham 17 points ago +18 / -1

2nd ass reaming incoming. I got rekt in 2008.

9
GEOTUSMAGA 9 points ago +9 / -0

Lead is the best metal to go heavy in

4
grenades_and_ham 4 points ago +4 / -0

Bruh, I can only carry so much.

My whole basic load out in the military weighed ~ 120 lbs.

I have the MRI's to prove it!

3
GEOTUSMAGA 3 points ago +3 / -0

It's time to stop running, find a decent area to bunker, and fortify.

There's a lot to be said for those who can successfully roam, but that time is not now. Now we find a place worth defending, and remember the Alamo.

2
RealTXPatriot 2 points ago +2 / -0

Aye, goddamn base plate for mortars... fuck em

3
grenades_and_ham 3 points ago +3 / -0

I always was glad I wasn't an 11C.

Poor bastards got rekt.

Climb to Glory!

8
Assault-Covfefe 8 points ago +8 / -0

I didn't get hit too bad in 2008, but I'm 14 years closer to retirement this time around. Fuck Joe Biden

2
grenades_and_ham 2 points ago +2 / -0

Hey, can I still be a door greeter at 80?

Asking for, MYSELF!

2
bangbus 2 points ago +2 / -0

If you can speak Spanish and Mandarin, can lift 200 pounds, are trans, and can run the 40 in under five seconds your application will be considered.

1
Necrovoter 1 point ago +1 / -0

and can run the 40 in under five seconds

Can operate the electric scooter...

FTFY

12
Cyer6 12 points ago +12 / -0

And if that happens, it was artificially created. I do believe there are some corrections that would've inevitably happened even if Trump was still in but Mean Tweets had this economy running on all 8 cylinders and energy independent. That stuff just creates massive, sustainable growth.

16
Roadrash 16 points ago +16 / -0

A lot easier to remain patient and calm in a market downturn/correction when gas, groceries, finance rates and inflation aren’t costing a family of 4 an additional $1,000/mo. .

1
bangbus 1 point ago +1 / -0

Agreed but it’s utterly hilarious the Dems put sooooo much in rigging the election and may have a generational party destroying president to show for it.

12
TommyJarvis 12 points ago +13 / -1

I really hope nobody here fell for it and sold their house recently and bought into a new, bigger mortgage.

There's no win in that scenario. You sell your house for a crazy amount of money, then where ya gonna go? You can rent and hold cash, which is hemorrhaging value, or invest, which is tanking, or buy a new place (getting less for MUCH more) and then watch that value crash while you have a massive new mortgage hanging over your head.

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Salacious_B_Trump 13 points ago +13 / -0

Taking on debt is good in a high inflation environment. Having a massive mortgage won't seem so massive when hyperinflation kicks in. At least you will have a nice house to live in.

12
TakingBackCA 12 points ago +13 / -1

Correct. Your $3,000 a month mortgage in 10 years will effectively be $1,500 a month to future you because of the nature of inflation.

Renting is how you stay under the thumb of the elite, globalist class. You throw away wealth that your children could have had, in a home they could raise their children in.

3
Coolgenner 3 points ago +4 / -1

Or the house drops 50% in value and you are underwater forever.

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BlackPillBot 4 points ago +4 / -0

you are underwater forever.

Too late for most born after 2001 IMHO. 😞

2
TakingBackCA 2 points ago +2 / -0

Virtually impossible. Even in the 2008 crash, the worst since the Great Depression, housing prices dropped 30%.

1
PocketPosse 1 point ago +1 / -0

Stagflation is the risk. Your cost of living goes up, so even though your payment is a lower percentage of your total costs, your total costs themselves exceed your non rising income and destabilize your leverage tolerance and force you to sell.

6
HyperCarbs 6 points ago +6 / -0

That's the problem with treating a home like an investment.

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utfanx2 4 points ago +4 / -0

The problem is investors and not legitimate home buyers treating single family homes as an investment.

1
RealTXPatriot 1 point ago +1 / -0

bought in 2015 in Central Texas, stayed, lived, grew lovely future MAGA children and swam in our pool...

2021.. refinanced 240k to 490k, pocketed $180k, got new tits for wife (yesssssss, they're nice bigly), remodeled house to be the #1 house in the neighborhood. gourmet kitch, new flooring, outdoor living areas and outdoor kitchen. Got a retired ol military container for muh "office" with an AC hooked into it. Only raised my mortgage $400, completely debt free (except the house, which is worth more than what we refi'd)

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laredditarmy 8 points ago +8 / -0

Got a pic of the new tits?

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RealTXPatriot 2 points ago +2 / -0

Hadn't taken a photo yet... since they're cleared for use I've been two-handing, no time to photo.

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bangbus 3 points ago +3 / -0

I’ve got them on video.

1
BoughtByBloomberg2 1 point ago +1 / -0

It's actually the best choice. Long as the rate is low. The money is being printed like crazy. Inflation is only counteracted by assets that are physically scarce.

A literal pile of lumber bought in 2019 is an investment.

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based_trekkie 9 points ago +9 / -0

BIG D

DEPRESSION!

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Bax101 5 points ago +5 / -0

Garland Celente says we are in Dragflation. https://rumble.com/v12u7gt-its-official-dragflation-hit-america..html

4
daty_dato 4 points ago +4 / -0

Just about the only hope is that they force that fucker in the oval office to open all drilling. It's one of the root causes of this bullshit. And stop giving people that can work free benefits. Force then to work.

3
TheRealJaredHolt 3 points ago +3 / -0

We are already in a recession. A new depression is coming, and within the next 2 years. Possibly within the next 6 months.

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BunnyPicnic 20 points ago +23 / -3

We'd all take a recession, because what's coming is worse. I just got gas for $3.99 in Kansas. As far as I know, that's the highest I've ever seen. Two years ago, before the steal, I was filling up in the ballpark of $2.00 a gallon, and with gas points, I could easily get 10 gallons of gas for $15. I average 50-80 miles a day, with a car that gets 32mpg. $15 used to get me an entire week of fuel. Now it's barely enough for two days.

The worst part? We're not in a war. The shit going on in Ukraine is far from a war. Food has gone up ridiculously there last two years as well. And some very strange fires and planes crashing into food distribution and processing plants. What happens when gas gets to $5 or $6 and bacon is $12 a pound? Maybe then we can start shooting.

8
RootinTootin 8 points ago +8 / -0

Yeah. A lot of people are saying that what we are seeing now market-wise is just from the 2020 shutdown. We still have yet to see corrections for 2021 and whatever else happens this year

6
BlackPillBot 6 points ago +6 / -0

Yup. I’ve read quite a few opinion pieces on this very subject recently. If they’re right, we are in for something that may very well rival, if not surpass the Great Depression in many ways. It’s gonna make 2008 “crash” look like an absolute joke for sure.

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Inquisitor_Corvus 6 points ago +7 / -1

Next year is going to be painful. Especially for those on fixed income. Friends, help your neighbors (not the lefty’s though! I’m a bad man.)

2
deleted 2 points ago +2 / -0
2
canada_is_communist 2 points ago +2 / -0

lOL i wieh i paid $3.99 per gallon... try $9.99 per gallon

1
KernalMustard 1 point ago +1 / -0

A crisis is too good to waste.

1
BidenLikesMiners 1 point ago +1 / -0

only 4/gal? some midwest states are hitting 5.50. lmao

l g b

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unspecified_user 19 points ago +19 / -0

Damn you, Putin!

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SutopSutolf 9 points ago +9 / -0

Ha!

6
fac1 6 points ago +7 / -1

bang!

"Why would Putin do this?"

/meme

3
unspecified_user 3 points ago +3 / -0

Biden just needs to ask Paul Krugman how to turn things around and BAM Roaring Twenties 2: Electric Boogaloo

1
bangbus 1 point ago +1 / -0

The same Paul Krugman who put out a sell order on stocks on election night 2020? The same Paul Krugman who got a spam email about kiddie porn who then blasted out on the twitter how he is not involved in kiddie porn? The same Paul Krugman who warned everyone in 2003 that Bush was going to create hyperinflation because of a deficit and then lamented that Obama’s porkulous bill needed more deficit spending?

1
unspecified_user 1 point ago +1 / -0

How many people were awarded sham Nobel prizes and quasi Nobel economic prizes solely based on their criticism of and opposition to George W ?

Kofi Anan

Jimmy Carter (the closest on this list to have actually deserved one)

AlGore

Baracko

Harold Pinter

Paul Krugman

and I'm sure there are more

2
HockeyMom4Trump 2 points ago +2 / -0

Muh Putin price hikes!!!!!!!

2
peltast 2 points ago +2 / -0

And Trump! You left out Trump!

2
unspecified_user 2 points ago +2 / -0

NOw that you mention it, GWB probably had a hand in this as well.

2
iamherefortheluls 2 points ago +2 / -0

Don't worry, US is on track to maintain a hot war there for decades to come.

These quiet announcements about new shipments to Ukraine have been coming almost daily now, 20 mil here, 30 mil there. Now that Biden signed the lend lease, it will probably stop even making the news.

Fighting a constant war overseas is sure to help local economy.

7
Tune-A-Fish 7 points ago +7 / -0

The UniParty wants to destroy America as fast as they can and our fucking weak Republicans are all compromised and just stand around and let all this shit happen. Rigged elections have consequences you fools.

1
deleted 1 point ago +3 / -2
2
Tune-A-Fish 2 points ago +2 / -0

Congress should just be called the UniParty, the DOJ the Gestapo, and the country the Banana Republic of North America. Republicans don't give a shit and will do nothing about the stolen election, the January 6th FBI coup, and the covid scam. They hate us as much as the Democrats do. Traitors, cowards, and criminals run this country.

6
Valiazaner 6 points ago +6 / -0

Yup, a spike in inflation and a corresponding inflation based spike in asset prices is a sure sign of a recession. No one ever asked simple questions like "does the increase in this stock make sense using the models of supply and demand?" Some stocks, such as Amazon, Walmart, and Netflix made sense given people were stranded at home during the pandemic and governments were picking winners and losers based on size for shopping. Other companies, such as Intel rose sharply despite a chip shortage and sharply decreasing demand. The only reason it rose was because of a decline in the value of the asset Intel stock was priced relative to, in this case the US Dollar.

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juttup42 76 points ago +77 / -1

I'm surprised it took 18 months..

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Error404LifeNotFound [S] 62 points ago +62 / -0

yea well he had to wind down trump's recovery ... too powerful to stop overnight.

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Direwolf 11 points ago +13 / -2

some would call it Yuggee

2
BoughtByBloomberg2 2 points ago +2 / -0

Tremendous some might say.

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GA_Logic 8 points ago +8 / -0

Yes the Trump train had a lot of momentum.

3
labiator 3 points ago +3 / -0

Just a pity the railroad sabotaged the track.

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0v3rKill 3 points ago +3 / -0

The fraudulent "election" derailed everything really fast.

2
BlackPillBot 2 points ago +2 / -0

On top of that, they’ve been artificially masking how bad it actually is. The storm is coming.

1
bangbus 1 point ago +1 / -0

Hey pal, you’ll own nothing and be happy.

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IncredibleMrE1 45 points ago +45 / -0

The recession started last year. They dumped trillions into the system to cover it up, but the problems have become so large that they cannot be hidden any more.

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WokeYoke 9 points ago +9 / -0

Welcome to the land of "Diminishing Marginal Returns" we were waiting for you.

2
julianleroux 2 points ago +2 / -0

Even when Trump was in office, the fundamentals were poor due to decades of Uniparty theft and fraud.

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The_Litehaus_Abides 22 points ago +22 / -0

Just more proof of how great the economy was under Trump. I figured it would take a bit of time to wreck it.

Now here we are and it's going to get worse.

2
LetsG0Brandon 2 points ago +2 / -0

"it had to be this way?" What other way do you show people other then affecting their "retirement assets" lots of red in the stock market...

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talltellmanson 18 points ago +18 / -0

Unending printing can do wonders temporarily .

Until the time comes where it destroys everything.

Republicans will win in 2024 and be the ones holding the bag when it all comes crashing down.

And they'll mark it as Republicans who destroyed the US in their history books once we separate societies.

3
SomeGuyOnTheInternet 3 points ago +3 / -0

You had inflation artificially pumping the numbers up.

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thisguy883 70 points ago +71 / -1

I'm just pissed that a house I'm looking at was worth 225k back in 2020 and now is being sold for 340k.

Fucking sucks.

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stratocaster_patriot 28 points ago +29 / -1

That's going to change soon too is my guess. My real worry is that they somehow manipulate supply to keep the price high and keep most of priced out of the market. I'm prices out in my state and I've worked for a fortune 500 for the last 15 years. It's insane. The other thing they could do is make taxes and green regulations expensive enough that even current homeowners lose their homes. Part of me thinks that us renters may have had it right in that if we have cash in reserve we might be getting in on some cheap housing in the future.

5
FLYWHEEL_PRIME 5 points ago +5 / -0

Not gonna change. Commodities might tank, economy will go in the shitter, but real estate is here to stay.

Way too convoluted for a quick comment like this, but looking at the financials from my side, investments are too widespread for real estate to crash. We are headed for the same situation as Canada.

2
Newuser99 2 points ago +2 / -0

I like my house, but I also want to move eventually. All of my neighbors are in their 60s and up. How is anyone young going to afford a piece of shit 700k home now?

1
FLYWHEEL_PRIME 1 point ago +1 / -0

They aren't, there are too many fucking people on the planet

1
BoomShtick 1 point ago +1 / -0

The credit/lending market tightened up exponentially after the sub prime fuckery at the turn of the century.

A crash will come from the middle class being completely gutted from mass unemployment/collapse of the economy. But at that point, most would be worrying where the next meal is coming.

1
LetsG0Brandon 1 point ago +1 / -0

Real estate is the biggest racket... Sleazeballs buy up affordable fixer uppers, slap lipstick on a shit-pig and retards pay double...

3
julianleroux 3 points ago +4 / -1

The fundamentals of current home prices are terrible IMHO. Housing shouldn't technically cost so much ... especially with the new possibilities opened up by remote work, home-schooling, solar power and satellite internet. PLus the highest-price housing is in Democrat areas that have decades of decay baked in.

How much does it cost to build a decent three-bedroom house in a rural area? Anything above that, the long-term economic / technological forces are against you.

1
stratocaster_patriot 1 point ago +1 / -0

That's always been my thinking. Even if it seems like a good idea at any given time how can anybody go pay $1000 for a one dollar bill? Of course it could cost $2000 tomorrow but it's still a stinking dollar bill. Every house of cards must fall at some point is my thinking.

Problem is, how much is a 3 bedroom RURAL house in my state? $550k and above if you actually want to live there without gutting it first. I'm seeing new houses in the foothills about an hour drive out of the city going for $1.2M. There is nothing sane about it.

3
julianleroux 3 points ago +3 / -0

My goodness, that bad?

Well then, it's going to be a supernova clusterfuck, however it pops.

2
lolpaladins 2 points ago +2 / -0

There is a reason that blackrock and the chinese bought trillians of dollars worth of real-estate.. they needed to hide their corrupt CCP money and ALSO to prop up the value of the u.s. housing market.

2
BidenLikesMiners 2 points ago +2 / -0

Thats the beauty of bidenflation, pretty soon we'll all have to be sudden millionaires or homeless.

2
4more 2 points ago +2 / -0

Except they are jacking rents up. My rent went up 50% in one year! Guess someone has to pay for all the people that didn’t the past 2 years.

22
Error404LifeNotFound [S] 22 points ago +22 / -0

Rate increases from 3.5% to 5.25% have knocked 22 percent off of my affordability limit already.

9
Cyer6 9 points ago +9 / -0

National average is 5.48%

1
Newuser99 1 point ago +1 / -0

Where is the ceiling?

4
bangbus 4 points ago +4 / -0

19%, just like in ‘81.

13
AlphaOverBetaReturns 13 points ago +14 / -1

It won't be for long. Mortgage rates are going to turn the housing market down in short order unless you are a cash buyer.

16
IRScansuckmyanus 16 points ago +16 / -0

It might not. We are in stagflation and with the stock market continuing to fall many people are going to go into real estate. Real estate historically keeps rising with inflation, even if rates are high. I can buy a rental property with a high rate and still cash flow by passing the cost of the higher interest rates onto the tenants.

16
TakingBackCA 16 points ago +17 / -1

The only correct take in this thread. Real estate is not going to go anywhere. In fact, it’s going to the moon.

Because of overregulation, no one is building anymore. We have a massive housing shortage. We also have insanely low inventory because no one is going to sell their 3% rate locked in mortgage from 2 years ago for a 6% in a smaller home.

11
deleted 11 points ago +11 / -0
15
TakingBackCA 15 points ago +15 / -0

Correct. There is a supply-side crunch coming. You need to buy in now, or every property is going to be gone and owned outright by Blackrock and State Street.

The goal is not to crash the housing market; it’s to make it impossible for you to own because the prices are going to be unobtainable.

They want you and your progeny to rent from them for eternity.

3
ZacPetkanas 3 points ago +3 / -0

They want you and your progeny to rent from them for eternity.

Potter's Field

2
TakingBackCA 2 points ago +2 / -0

“And they took counsel, and bought with them the potter’s field, to bury strangers in. Wherefore that field was called, The field of blood, unto this day. Then was fulfilled that which was spoken by Jeremy the prophet, saying, And they took the thirty pieces of silver, the price of him that was valued, whom they of the children of Israel did value; And gave them for the potter’s field, as the Lord appointed me.”

4
BoatingAccident 4 points ago +4 / -0

Until they increase your property value by five times and drive you out because you can’t pay your taxes which is basically what I’m looking at where I live but I live in a shitty blue state with extremely high property taxes but I wouldn’t be surprised to see something like that come to every state at some point maybe not Florida

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deleted 8 points ago +8 / -0
4
Montsta 4 points ago +5 / -1

California has Prop 17 which means your property tax is locked by the price you paid for it. My dad bought his house in 1978 for like less than $80K and it is now worth $2MM. He pays something like $1000 a year in property taxes. I bought my house for $553K back in 2013 and put $8200/year in property taxes. The only thing that makes it go up is bonds and school measures and shit like that but that’s pretty marginal. The Dems tried to kill prop 17 a few years back and make it go off current value and the bill was voted down by like 75%.

Prop 17 might legit be the only good thing California has ever done. That and Avocado Toast.

3
BoatingAccident 3 points ago +3 / -0

Where I live my taxes are actually a little higher than my mortgage even after my home is paid off I’ll be paying roughly $12,000 a year in taxes and that’s just right now based on what my home was worth not what it is worth or will be in a couple years.

2
American-Patriot 2 points ago +2 / -0

Just proves how evil property taxes are.

8
Santa_Liqueur 8 points ago +8 / -0

This is exactly where I am. I bought in July 2020, at 2.65%. There's no fucking way I'm selling now not with the market like it is. I'd get all the money back out and more, but it wouldn't buy half the home now. My only regret is not buying in the real country.

4
Robsantosid 4 points ago +4 / -0

I think the housing shortage is artificial. They're building everywhere, and have been for some time. The one metric that can't accurately be counted is the occupancy rate of homes, particularly those sold in the past 24 months. Whether its tech workers buying second homes, black rock et al, there's definitely a large amount of "empty" homes artificially shrinking supply.

Real estate is in for a reckoning.

2
IRScansuckmyanus 2 points ago +2 / -0

Yup if you have a 30 year fixed mortgage and the rate is lower than the rate of inflation it's actually a great hedge against inflation.

4
Icepck 4 points ago +4 / -0

It comes down to supply and demand. There is a lack of supply of homes, plenty of demand. In 2008 the first thing people stopped paying for was their home when fuel prices made them panic about their budgets. That flooded the supply side and reduced the demand for homes simultaneously. Prices dropped after.

This looks a lot like the fuel prices we saw back then. Except it is also food prices.

1
IRScansuckmyanus 1 point ago +1 / -0

I live in NJ and the prices are hyper inflated. Small states with not much available land to build new houses are hit the worst because the supply of homes is even more limited.

4
Bandanna1 4 points ago +4 / -0

Yeah until the mortgage rates with pmi and taxes greatly surpass median income for that area then you are going to have people fleeing to other affordable housing somewhere else. This is going to impact property owners and employers until the rates decrease and can bring in new pop. That can afford it.

Their is a soft ceiling on what you can realistically charge before your occupancy dips and it generally doesn't just dip when you hit that ceiling it tanks pretty quickly in waves every quarter or so.

The faucet won't turn back on until wages inflate as well.

I don't know, Things could be different since remote work is an increasingly popular thing with high income earners. But especially if you deal in residential with a price point targeted to middle lower earners its going to be choppy waters.

Tldr real estate has a soft ceiling related to the earning potential of median wages for the area. If prices surpass what that is able to support, people will find alternatives lowering residential occupancy. If you are stuck holding the bag with a financed property, get ready.

1
LetsG0Brandon 1 point ago +1 / -0

Rental property on residential homes should be illegal. Why? Corporate firms easily outbid single families budgets - see: blackrock! They have the capital to buy up entire neighborhoods at well over asking, then pimp out the properties to renters...

1
IRScansuckmyanus 1 point ago +1 / -0

I own two rental properties. You are saying private citizens shouldn't be allowed to own rental properties or corporations? So who do you want to rent the homes out to people? Do you want the government to buy them and rent them out?

1
LetsG0Brandon 1 point ago +1 / -0

Private ownership is far different than corpo-globohomos... But still an odd cog of the same wheel. Should be able to own as many properties as you want, but should at least spend a portion of time living at said residence... Pimping property for profit is not a moral obligation ie: selling out and exploiting the American dream

1
IRScansuckmyanus 1 point ago +1 / -0

I agree with you that corporations shouldn't be able to buy them. I see nothing wrong with normal people buying a few rental properties. That's capitalism.

2
LetsG0Brandon 2 points ago +2 / -0

But even that effects those prospecting to start off their families. Child rearing is expensive AF as is, lest being a gov teat-leach. Small modest families cannot compete in bidding wars where houses consistently close at several percent above asking price

6
thisguy883 6 points ago +6 / -0

I'm looking at the history and it just keeps going up. I don't know much longer I'm going to be able to live where I'm at now and I really want to buy a new house. I just don't want to jump into something and have it crash on me 5 years in.

4
TommyJarvis 4 points ago +4 / -0

Now's the worst time to buy, clearly.

2
deleted 2 points ago +3 / -1
2
TommyJarvis 2 points ago +2 / -0

Except all this inflation is heading us for a price collapse.

2
BoatingAccident 2 points ago +2 / -0

Not if supply stays low. And what people are forgetting is is these home prices increase so do their taxes and if home prices keep going up people won’t even be able to afford the taxes let alone mortgage

4
Diotima 4 points ago +4 / -0

Glad I bought a home and locked in my rate earlier this year… this is horrible

2
Ex-libtard 2 points ago +2 / -0

Nah home values will not slip too much

2
AlphaOverBetaReturns 2 points ago +2 / -0

Most people are living paycheck to paycheck. If all else is equal rates go up, prices must come down. In this propped up economy, it is anyone's guess, though. Let's bookmark this post and see what happens in a year. 👌

2
Ex-libtard 2 points ago +2 / -0

Im interested to see how it plays out -- i expect homes to drop to be clear. Just not by much.

7
fluffykitten 7 points ago +7 / -0

Might be a blessing in disguise. Owners could be selling it because they are getting fucked in the ass with the property tax based on the new Biden economy value.

6
talltellmanson 6 points ago +6 / -0

Yeah I got lucky .

Purchased before covid and I can't believe how much it sucks for you guys.

You'll have to wait to buy until the decimation of the housing market comes.

6
Diotima 6 points ago +6 / -0

I bought in 2019 when things were looking good before deep state unleashed COVID on the world and fucked the economy

33
ERguy87 33 points ago +33 / -0

Fact Checkers "False....Here's why standard measures of economical factors are inaccurate in measuring post-Covid markets."

18
Error404LifeNotFound [S] 18 points ago +18 / -0

Also Fact Checkers: 3.5" is totally fine and not inadequate at all whatsoever.

14
Aoikaze2000 14 points ago +14 / -0

... floppy disks?

Computers have that drive these days?

1
mytummyhurts 1 point ago +1 / -0

I don't mean to brag, but I'm packin' an m.2

4
Aoikaze2000 4 points ago +4 / -0

8" floppy.

Go big, or go home.

1
BidenLikesMiners 1 point ago +1 / -0

8 in floppies in raid. come at me brah

1
Aoikaze2000 1 point ago +1 / -0

If it's Raid 0... Sure... live for a bit until you get a bad sector or a disk goes bad and then you're toast =P

1
Shayhawk 1 point ago +1 / -0

Also Fact Checkers

"72.5% of all statistics are made up"

4
IlhanOmarsFagBrother 4 points ago +4 / -0

"we have so much more trans acceptance now that we have actually moved past the need for money and entered Star Trek"

2
jealousminarchist 2 points ago +2 / -0

Just call it "long COVID".

After NPCs gleefully believed that a heart attack is now a flu symptom, I don't doubt anything.

26
FakeNametag 26 points ago +26 / -0

It's much worse when you consider the value of money. Market would have to be up 20% or more just to be even.

13
borntacticool 13 points ago +13 / -0

Correct. People are ignoring the fact that inflation affects stock prices too. This is much worse than when Trump left office.

22
CounterStrike 22 points ago +23 / -1

Oh, it's just getting started...

21
knnbccb 21 points ago +21 / -0

Biden is on a mission, you're witnessing it now.

If you wait till 2024, there might not even be an America anymore.

21
TommyJarvis 21 points ago +21 / -0

Imagine printing money non stop for almost 1.5 years to cause deliberate inflation and then seeing the stock market FALL, even when the dollar is rapidly losing value?

Fucking imbeciles at the wheel being directed by Satan.

10
TheThreeSeashells 10 points ago +10 / -0

Fucking imbeciles at the wheel

Not if it's being done on purpose. The imbeciles aren't at the wheel. They're crammed in the way back seat of the station wagon in the seat that faces backward, so they're oblivious to seeing what's coming. Instead, their faces are glued to their electronic devices absorbing propaganda and brain cell-destroying "entertainment" programming.

20
GodKingHarambe 20 points ago +20 / -0

"tHe sT0cKmARkeT iSN't tEh eC0n0My!!11!!!"

23
BlackHorse 23 points ago +23 / -0

"How the stock market crash is a good thing, for the fully vaccinated." - CNN

3
liveinliberty 3 points ago +3 / -0

Would have been worse without the booster.

1
Newuser99 1 point ago +1 / -0

The winter of death, rmeber that?

1
BidenLikesMiners 1 point ago +1 / -0

boost to save the economy - acoonper

20
IncredibleMrE1 20 points ago +21 / -1

Wait till it gets back down to pre-2016 election levels. We're in for a hell of a recession, folks.

14
45ForEver2024 14 points ago +16 / -2

Woot perfect time to buy!

18
Error404LifeNotFound [S] 18 points ago +18 / -0

Taper in those buys. haven't seen the worst of it.

11
Chelsea_hubbell 11 points ago +11 / -0

Time to max the 401k contributions if you haven’t already!

Throw more money in the Roth if you’re able to!

7
IRScansuckmyanus 7 points ago +7 / -0

Roth IRAs are a cheat code. You can become a millionaire over 30 years with just investing $6k per year and buying an index fund like VOO. Even the financially illiterate can handle buying an index fund.

11
logan34 11 points ago +11 / -0

Give it time the demoncrats will soon be taxing unrealized gains

2
IRScansuckmyanus 2 points ago +2 / -0

Then we're all fucked. These faggots already rape us with taxes.

1
4more 1 point ago +1 / -0

Bet they confiscate all retirement when pension funds collapse.

3
Heracles 3 points ago +3 / -0

Any pointers on where we can find honest info/research on VOO index?

Gonna do a deep dive on Google but always a little skeptical on the bias or misinfo that mainstream sources online might provide. Perhaps the financial sector isn't as compromised on an info level as general news coverage, but a bit out of my element here.

We'd appreciate any quick advice or suggestions that anyone here may have to get us started in the right direction!

1
Tyrone_biggums 1 point ago +1 / -0

It’s an exchange traded fund that is comprised of a basket of different blue chip stocks in varying proportions. These include Apple, nvidia, Tesla, Microsoft, and others, you can see the whole breakdown with a search “VOO holdings”

1
IRScansuckmyanus 1 point ago +1 / -0

I like seekingalpha.com You have to pay monthly after viewing a certain number of articles per month, but it's well worth the money. Tons of amazing contributors on there. Fuck reddit, but stocks reddit and investing reddit are both good resources.

2
chris82tk 2 points ago +2 / -0

Except the gay rule where you aren’t allowed to contribute to a Roth IRA once you hit like $125k income per year, though there is a backdoor that exists to circumvent that…for now

1
IRScansuckmyanus 1 point ago +1 / -0

Yeah that rule is fucking retarded. We're being raped with taxes and inflation and they are worried about rich people putting away $6k per year tax free? Fucking absurd.

1
chris82tk 1 point ago +1 / -0

I am extremely grateful for what I have, but the government takes a mile when they should take an inch. I discovered the Roth rule when I hit $140k salary this year. Between federal and state taxes I actually only take home about $100k, and in the blue shithole where I dwell, the rent is an ounce of gold per month. Add in the Bidenflation for groceries, gas, and utilities, and I think if I have it hard, how hard is it for people who have less?

2
IRScansuckmyanus 2 points ago +2 / -0

I make a similar amount of money living in NJ and it doesn't feel like that much after taxes, state income taxes, property taxes etc. It's disgusting, which is why I'm probably gonna move to FL. I can't deal with being raped by my state anymore.

2
Chelsea_hubbell 2 points ago +2 / -0

Yep! And since you already paid your taxes going in, the IRS can suck your balls

1
deleted 1 point ago +1 / -0
4
Thep1mp 4 points ago +4 / -0

You pay with after tax dollars and don’t have to pay on the gains. There are yearly limits on contributions. Should be the first thing you do, maybe after taking advantage of an employer match.

2
Diotima 2 points ago +2 / -0

Compounding interest you won’t owe money on gains

2
Dave___Smith 2 points ago +2 / -0

Dollar cost average.

2
IRScansuckmyanus 2 points ago +2 / -0

Yup, DCA slowly.

1
TheDoppelgamer 1 point ago +1 / -0

...wait til November Dems still have damage to do here.

1
localhost 1 point ago +1 / -0

Yeah, I'm watching the crypto markets closely.

0
deleted 0 points ago +5 / -5
11
SomeGuyOnTheInternet 11 points ago +11 / -0

It's much much worse when you adjust for inflation.

10
Herrokittys 10 points ago +10 / -0

Joe must have had the NASDAQ chart upside down when he promised he would bring back America.

10
Bullet3250 10 points ago +11 / -1

Crude is dropping - from here on out there will likely be massive storage problems as demand dries up due to recessions etc....

I think it could go negative again.... and that is the precise time for the GOV to fill up the reserves with every barrel available.

8
Error404LifeNotFound [S] 8 points ago +8 / -0

Crude dropping cause Saudi cartel is dropping prices. Good thing we just sent all our strategic oil reserves overseas .........

3
Bullet3250 3 points ago +4 / -1

And Russia storage is filling up fast too.... they will be in trouble as half their income is gas and oil sales.... and now they have lost many customers. Prepare to see railroad oil tankers just sitting in fields again....

:(

8
Dave___Smith 8 points ago +8 / -0

Accounting for inflation, it’s even worse. If your stock was worth $100 then and it’s worth $100 now, you’ve lost.. because $100 won’t buy 80% of what $100 used to buy you.

7
Bullet3250 7 points ago +7 / -0

Oh - huge win for TEAM BIDEN!!!

6
here2red 6 points ago +6 / -0

Economy's great everyone!

6
ThouShallNotSteal 6 points ago +6 / -0

🔥🔥🔥🔥ThIs🔥🔥🔥🔥iS🔥🔥🔥🔥FiNe!!🔥🔥🔥🔥

6
based_trekkie 6 points ago +6 / -0

Trump Bump is over....

Now it's the "Biden Bear" Market

5
WokeYoke 5 points ago +5 / -0

LETS GO BRANDON!!!!!!!

5
Pepedom 5 points ago +5 / -0

Told my European friend this would happen. He stopped talking to me bc Trump bad... well....WELL!?!??

2
Diotima 2 points ago +2 / -0

Orange man surely isn’t as bad as they purport

2
Pepedom 2 points ago +2 / -0

No! Orange man BAAAAAAD!! 🐑🐑🐑😡

2
BoatingAccident 2 points ago +2 / -0

Spaceman also bad

4
TrumpIsMyyPresident 4 points ago +4 / -0

I mean technically he left on 1/20/21 so we actually already past that point (~13,000) a while ago.

4
Cop-Morty 4 points ago +4 / -0

That's Nasdaq. The Russle is well below where Trump left it. The S and P is still about 2.4K away. But it's on pace to get there by the end of the month.

4
oilybohunkofshit 4 points ago +4 / -0

Still Trump's economy!!!1!

4
MythArcana 4 points ago +4 / -0

Plenty more room below that to go yet.

4
Tune-A-Fish 4 points ago +4 / -0

This is the start of the Great Depression and it will be the entire Western World. Stolen elections have dire consequences and now comes Biden's Dark Winter. The UniParty wants us down on our knees begging for food and energy. Rigged elections have dire consequences

4
PKShadilay 4 points ago +4 / -0

We're days away from $4 gas in TX. Diesel is approaching $6.

3
RoosterHeadBad 3 points ago +3 / -0

I haven’t seen gas less than $4 in over 2 months in Illinois.

1
Montsta 1 point ago +1 / -0

$5.50 pretty steadily where I live in California for the last couple months. $6+ for my wife’s bimmer cuz it uses 91. My F150 is still 87 but the 35 gallon tank is a bitch to fill up.

3
Underestimated_Defic 3 points ago +3 / -0

Nah bro, the economy is strong. Haven't you heard?

3
GA_Logic 3 points ago +3 / -0

Buckle up because it can drop even lower.

5
Error404LifeNotFound [S] 5 points ago +5 / -0

*will drop

3
deleted 3 points ago +3 / -0
3
ravioli_king 3 points ago +3 / -0

My day trader friends have always said stock markets go down when one party controls everything.

3
AmericaFirstMAGA88 3 points ago +3 / -0

Depression, here we come.

Trump had just started to overcome the plandemic hit when he left... imagine how much better off we'd be right now if the election wasn't rigged by mail-in votes and the media

3
pokeman 3 points ago +3 / -0

“I did that”

3
OrganicPINEAPPLES 3 points ago +3 / -0

Awww, was the biden market all fake and gay this whole time?

3
Injustice 3 points ago +3 / -0

Back to normal our politicians goal of destroying america can continue after the blip of Trump's presidency

3
deletedandreacted 3 points ago +3 / -0

Looks like Bitcoin’s performance lately.

3
Cyer6 3 points ago +3 / -0

I've been watching BTC and ETH closely and they've been on a continuous downhill slide. Since they're not stocks, not sure what to make of that.

3
KonyHawk_ProSlaver 3 points ago +3 / -0

Speculative investments that act like casinos for people with extra cash are the first to have a selloff when fear takes over from greed in the investment world. People are sensing a recession is coming, and they're scrambling to stake their gains before they're not worth anything.

BTC has almost no inherent value, along with most of those shitcoins that are pump and dump schemes. We are watching the "dump" phase lol.

4
Tyrone_biggums 4 points ago +4 / -0

The “inherent value” in bitcoin is it exists as a decentralized, borderless and permissionless payment system secured by the most powerful coordinated network of computational power on earth

-2
PraiseBeToScience -2 points ago +1 / -3

And all those polysyllabic buzzwords mean absolutely fucking nothing because of KYC locking down every single possible means of getting any wealth out of the system.

1
Tyrone_biggums 1 point ago +1 / -0

I don’t follow. Also not buzzwords.

3
Diotima 3 points ago +3 / -0

Bitcoin dips because of whales who are buying low and selling at a fixed number usually around 60k or wherever they’ve coordinated to sell at. Buy at around 35kish and sell at 40k or higher if the market looks hot.

-1
PraiseBeToScience -1 points ago +2 / -3

Because lolcoins are a joke and nothing more than a digital lottery. They have zero value, they will never be currency, the entire thing was a fucking joke and a complete sham.

Literally the ONLY people who talk about 'putting money into crypto' are those who are trying to get people to raise the value of some coin they have so they can cash in and leave everyone holding the bag. Go look up literally every single 'crypto investor'. They talk about how "I made $50,000 on $Empire!".

What they do is buy these coins when they're worth nothing, then tell their followers that soon it'll go TO THE MOOOOON, their followers buy it, they immediately sell their huge stock of coin, all their followers are left with a huge crash and hope it will someday recover (it never has, it never does, it never will), then they talk about how smart and good they are at crypto because they made all this money, and their follower count rises.

Crypto should be fucking illegal and everyone should have their shitcoin assets seized. It is and always was a massive pyramid scheme.

-2
PraiseBeToScience -2 points ago +1 / -3

"invest in crypto bro it's inflation proof bro your money is safe bro"

3
RealTXPatriot 3 points ago +3 / -0

Yeh, pulling tomorrow.... ALL of my stocks... every penny. Buying a quad apartment building. Itll be full non stop and the revenue stream is going to be better than stocks for the foreseeable future with captain dumbfuck! running the country into the goddamn ditch.

3
Siteless_Vagrant 3 points ago +3 / -0

Has the pedo blamed it on Russia yet?

2
dr_gonzo 2 points ago +2 / -0

Ya tell me about it. I'm getting my ass kicked lately.

The combination of Biden and J Pow is too much to handle. One is busily creating the opposite of the economic policy we should be pursuing while the other is doing the same with monetary policy.

It's almost like Marxism doesn't work or something.

(End the fed and oust the Democrats)

2
Thep1mp 2 points ago +2 / -0

bUiLd bAck beTtEr!!!!!!!!!!

2
cyberwar 2 points ago +2 / -0

fuck the FED

2
xboosh 2 points ago +2 / -0

only took a few trillion dollars to get here...

2
f_bastiat 2 points ago +2 / -0

I cashed out all my stocks at near peak to have cash flow for the business I started, which is booming. Pretty much complete coincidence, had I not started my business this early it would still be sitting in there.

2
Jemmy 2 points ago +2 / -0

Ouch, my stonks...

2
Patriotarchy 2 points ago +2 / -0

Now do the graph again factoring in inflation. The market has already crashed in real terms.

2
Diotima 2 points ago +2 / -0

Good time to buy tbh

2
EagleOverTriumph 2 points ago +2 / -0

"I don't get it, which one is FJB? Has the stock on that dropped a ton? I don't know if I'm invested in that one. Hey Nancy Pelosi, have you heard anything about this FJB stock?"

2
buckiemohawk 2 points ago +2 / -0

we are looking at a depression of a huge magnitude

2
Salacious_B_Trump 2 points ago +2 / -0

I don't watch fake news MSM, I assume they are blaming Trump for this?

2
Siteless_Vagrant 2 points ago +2 / -0

I heard them try the other day, kind of a half hearted attempt.

2
Lowersidecustoms 2 points ago +2 / -0

Now how many of these corrupt fucks do you think pump and dumped stock in that time frame? We already know stock shark Pelosi did without question

2
RedditStillSucks 2 points ago +2 / -0

I will tell you the problem with America -

  • Midwits.

Midwits get jobs in the government after getting degrees in useless fields like "political science" or "international relations"....these are degrees designed to specifically for low intelligent people in order for the university to get their money.

They then get jobs from other midwits in the state department - they then fuck everything up - because they were never smart enough to see that they were being lied to in college.