Boomers priced you out of home ownership so they could have cheap lawn care. How does that make you feel?

>t. doesnt understand how anything works

you think people that own real estate own the real estate in cash? they have mortgages. they wont be able to pay them soon. they will have to sell.

Then they will rent rooms and pay the mortgages with rents, the keynsian welfarestatists have been fucking around for 50 years now there is scarcity of everything because they supported buying over savings for decades.

Yes because FUCK THOSE KIDS, RIGHT? It's alllllll about you

I fucking hate the rent economy btw, and i also hate what the boomers have done with the world.

But coping that it will crash is that pure cope, there is a massive scarcity of everything in the western world, housing being the most scarce good.

It won't crash as sad as it is, worse most retards will support socialist policies to fix this which will increase taxes on labor and keep giving gibs to assets.

They are about to watch their children lose their lawns.
Prediction from 2007 about to come in right on cue housepricecrash.co.uk/forum/index.php?/topic/63233-repost-bubble-bursts-first-snows-of-k-winter/

Its here business.inquirer.net/320459/keep-calm-winter-has-arrived

Affordability will be sacrificed to curb inflation mymortgageinsider.com/1-percent-rate-increase-11-percent-price-reduction/

MBS doing its thing again youtube.com/watch?v=Z7pqgjAB63I

One small rate rise and bad lending practices starts to be exposed housepricecrash.co.uk/forum/index.php?/topic/244046-btl-lenders-landlords-in-trouble/

God help anybody who fell for the "Inflation erodes debt" narrative and loaded up on mortgage debt at the time house prices are the highest they have ever been. It took 13 years of emergency interest rates and stupid amounts of QE to put house prices where they are at now, a few percent rise in rates and the crash will be the biggest the planet has ever seen.

The crash that started in 2008 is about to finally complete!

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Yes because boomers love renting rooms..........

>T. Mom has 4bdrms avail, doesn't rent. Dad has 3, doesn't rent. They need room for useless shit. Fuck those kids

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It's not cope when en masse we're agreeing upon not buying. We're gonna crash it

No, because you are renting, only way it would crash is if people went into bitcoin in mass numbers forcing governments to stop deficit spending, which would casue supply to increase faster than the monetary supply reducing prices.

Not buying would not reduce price because companies would just build to rent because the interest gained on rents would increase.

>buy the top

The FED branches themselves are issuing reports saying it's going to happen. Anyone with a brain knows it's coming.

Real-Time Market Monitoring Finds Signs of Brewing U.S. Housing Bubble
dallasfed.org/research/economics/2022/0329

Boomers already paid their mortgages and have excess money all the bullshit on the old being the most vulnerable of society is just that bullshit.

They built an intergenenerational ponzi scheme and boomers and pensioners are the richest group in western society.

GenX and milennials have mortgages and they would rather rent rooms on airbnb or some other shit than go broke.

Maybe you should not be working at mcdonalds. Im 24 y/o and already own my house. All it took was a few years of saving up. As soon as my aunt landed me a cushy 180k salary job out of college all I had to do was save up for a couple years and then my parents chipped in 50k for the down payment and I was set. So it's not that hard, no different than the boomers had it.

And everyone clapped user?

Most mortgages are fixed rates now, the dumbasses with ARMs got wiped out years ago. Unless you mean the economy will take a shit and they lose their jobs.

The fed also destroyed the world monetary system in 2008 and told in 2020 that inflation would never happen due to brrrrrrrrrrr.

Keynsians are clueless, they are operating as if the west had 1970 industrial and demographic base.

Kek nice bait.

Big bait

Over 2 million mortgages in the UK are not fixed rate and around another 1.5 million per year have to refinance onto the best rate they can get. UK Normies have also been borrowing 20% house deposits from the Government for a decade now, interest free for the first 5 years then its 1.75%=RPI. UK market is toast!

Bullshit millenials could buy home as well. I went to debt when i was 18y old and it was easy to get money from bank. Now 9 years later i paid my home since i make x2,5 than 9 years ago. Price of my home is at least x3 since i bought it. Now i have enough money to buy second house and become landlord of ukrainian mother with two kids and my gov will pay for her so she can live in my house. Life is good. I pity zoomers since they are fucked as hell and they are the first generation which is unironically priced out. Only learning some really special skill which makes you good money can save zoomer user.

kek

Lumber prices are already crashing in anticipation of more FED hikes. Less people taking out loans to buy houses. New home starts are plummeting. I was building houses in the last crash. I have seen this before. Commodities like copper, which is in romex wire, will likely dip in price. I would short copper. BTW, the fed is not clueless, they know exactly what they are doing.
markets.businessinsider.com/news/commodities/lumber-prices-today-no-relief-fed-interest-rate-hikes-housing-2022-6

The fed can't rise rates above 2% or the us government defaults due to interest on the debt.

Also oil and food will cause a massive price shock eoy, all assets, crypto and probably stonks will moon.

Volcker did not had such levels of debt to gdp in the 80s.

As for new home starts yea of course it's going down, it's hard to do long term investments while the governments larp there is no inflation as everything moons.