Housing bubble?

>1/2 the population took depopulation injections. houses are about to be free. they will cost $0.
two more weeks I hear

What are you like 16? You think we're in a Jewish economy with kiked rules up the ass but also believe (((they))) will let you just build your own house?

You should seriously see how much paperwork and bureaucracy is involved in building a fucking shack in the middle of no where on YOUR land let alone something that is connected to utilities and within a 50 miles radius of any established city.

The fact that interest rates hit 0 and stayed at 0 for 10 years is evidence enough we were in a depression that they tried to hide from boomers.

Are you fucking retarded? The cost to buy land if you want it to be anywhere near a town or have electricity alone is tens of thousands of dollars. Then you need to take into account the cost for tools, transport, fuel... probably another 20k.

So you're already at like 50k and you haven't even finished the cabin, and you also then need to run septic, electric, probably internet...

This. When interest start going up in masse people are fucked. But hey, it is all part of the plan.

>Do asset management companies like Blackrock really intend to purchase property en masse to create a nation of renters
Asset managers were not purchasing housing outright
BlackStone was purchasing housing, however BlackRock owns mortgage-backed securities

Here's my best assessment of what has, is currently, and will be happening:
Why is it impossible to default on student loans? Well, because student loans can be packaged as EXTREMELY secure financial instruments (zero liability) because they categorically continue to generate revenue and cannot be defaulted on!
So, before we go on, let's talk about how the financial industry REALLY works, and what "financialization" is:
Banks are no longer required to keep cash on hand, AKA there is a 0% reserve requirement. They lend money at X interest rate, and the debt that they issue, is backed by the FDIC. Essentially what this means is that banks now have the ability to a priori lend money into existence with zero risk because their books are backed by the government.
Well, when you issue debt, you are creating a bond. The bank lends you money, then sells the contract to your debt as a bond or a security to someone else, who is using the security as a promise of "more money tomorrow."

Now, the reason 2008 happened was because people were taking out ridiculous loans that they should not have been approved for, at a very slim DTI ratio. These hazardous loans were packaged into securities and floated around the economy as AAA bonds and securities, meaning that these instruments were advertised as having an almost null risk.
When people started defaulting in 2008, institutions and individuals who had bought these AAA securities suddenly noticed that for some reason they had grossly miscalculated their risk and exposure to the market, and not only were investors taking it up the ass on their home value, but were taking it up the ass in their retirement accounts because of the banks' retarded decision to put peoples' IRA's and 401k's in these fake financial instruments

So where we are here, is in a bubble 5X the size, with extreme exposure and overleveraging at every segment of the market.
Most people are now being forced to take out loans for things like cars, in addition to housing and school. The banks are shitting themselves panicking because there are MBS floating around the market, and no one knows which ones are time-bombs. These securities are bought and sold many times, so it's impossible to trace who is safe, and who is holding a bag of Section Ape $1.2M 24%APR trash loans.

So when 2019 hits, the banks almost got margin-called. The only thing that saved everyone's ass was the Fed printing close to $16T to catch the falling knife. They did this both by simply paying everyone everywhere, and instructing BlackStone and BlackRock to purchase distressed assets like housing and MBS, because if they didn't, it would have blown up the debt bubble.

The only problem now is that, because $16T was printed, the government is on the hook for a fuckton of debt that cannot be paid because the magnitude of the debt+interest is literally more than the money that can categorically be in existence. Why this is a problem, is that the GOVERNMENT is approaching a wall where they will have a sub-1.0 DSCR or Debt Service Coverage Ratio.
To pay the interest would require printing money at a rate which would constantly inflate the interest owed, leading to a positive feedback loop.

Not only this, but the $16T printed cratered the money velocity. The reason why we didn't see inflation until now was because until the "end" of the pandemic, the money velocity still hovered around zero. As money velocity continues to increase, so will inflation.

Now where we are, is that the Fed will try to slowly close out its balance sheets, putting assets on the market and selling them, which will increase inflation, so they will raise interest rates, which will increase the interest on all of the loans in circulation, which will kill asset prices, which means that they will need to sell more assets.... you get the picture.

Additionally, consumer and private investor behavior has been fucking insane and never more divorced from reality. People are taking out HELOC's at a variable rate against their current mortgage, which means that increases of the interest rate will push them against a wall since they were offered HELOC's at stupid DTI ratios.

So how do you solve this problem? Debtors' prisons return. The government will turn debt un-defaultable the same way they did with student loan debt. BlackCock and BlackStone will sell off all of their assets, torpedoing everyone's retirement accounts, and producing a wash of defaults that put people into eye-watering amounts of debt. But all of that debt will be AAA, because no one can ever default.

And the government will come through and "save everyone" with some form of guaranteed income with a new-ish currency. They will start out in slavery, but the financial system survives to limp through another day.

The only other two options are a crack-up boom, or a deflationary crisis, either of which still may happen because I'm not convinced that the government has either the competence or coordination to pull off a global currency bail-in at this scale without blowing everything up from the bottom.

It's not a bubble. Home prices are now higher forever.
This is a hard supply constraint. The median US worker cannot do their job 100% remotely, so they still need to live within driving distance of their work.
Look at the loan data. It's not 2008. The vast majority of borrowers have credit scores over 750, unlike back then, when more than half of them were to people with low credit scores.
Couple the fact that people are scrambling to park their money in a hard asset because there are literally trillions of dollars of newly-printed stacked up against the dam and they're terrified of inflation, and there is literally no scenario in which this bubble pops.

Nobody would ever vote for that.