Fuck this gay earth. I just want to buy a house and have a family, not another recession. Please lizard overlords don’t let this happen. Just make it quick at least. Thank you.
AHEM! I have an announcement
James Sanders
Eli Cruz
I think they raise interest rates next month which apparently will cause a lot of foreclosures? Idk how it works.
Hopefully that's true tho
James Reyes
recession? we have been technically in a recession for 12 years. depression is next
Andrew Taylor
A recession will greatly lower real estate prices.
Adrian Jenkins
Either way the fed is fucked. Either money printer go brrrr and funny money economy go up, OR raise rates and have funny money economy shrink and people working at shartmarts won’t have jobs because truckers can’t get paid because companies can’t ship goods because since they’re over leveraged, and now the well is getting a little dry, the whole shit goes caboom.
They don’t exist anymore. Money printer go brrr. When it does happen it’ll be horrendous.
Thanks but I won’t have a job.
Hudson Sanders
All debt with a term longer than 5 years should be outlawed.
Yes, I'd prefer all usury outright banned, but baby steps.
Home prices are drastically inflated by spreading the sale pricex2 across a 30 year paent plan.
Isaiah Brown
>they’re over leveraged
fiscally irresponsible businesses should fail
Owen Cox
They do not want them to fail.
They print the currency to devalue them in real terms and not in nominal terms.
This way, they won't be the only ones who'll suffer, they're sharing the losses so everyone suffers from this.
Thomas Reed
>foreclosures
Probably not but it will make the real estate market go down as interest rates increase house prices have to decrease in order for them to be affordable and in demand
Oliver Gutierrez
Banks first.