Home Ownership

[Reiwa]

I guess I just think that we are really under this false idea that government protection offers us something that we wouldn’t have conjured up for ourselves on our own.

The libertarian side of me has a hard time believing the government is capable of doing anything good. The libertarian side of me seems to have the most common sense.

All government or this government?

[Topgunben]

All government or this government?

All government. Including local conservative governments.

They aren’t as bad as liberals, but government seems to serve only itself.

[Reiwa]

All government. Including local conservative governments.

They aren’t as bad as liberals, but government seems to serve only itself.

anarchist :p

[Jibartik]

They do put wood in the food with our current goverment so brainato tomato.

[Topgunben]

I will say this. Even though I despise all government, our current president is a complete retard, incapable of wiping his ass with both hands. Pelosi is completely corrupt and somehow democrats keep voting her in.

Retards.

[Jibartik]

https://i.imgur.com/ulpVsLn.gif

https://i.imgur.com/ICHsyCb.gif

[Reiwa]

They do put wood in the food with our current goverment so brainato tomato.

cellulose isn't wood, it's the fiber or protein or other thing in plant cells.

but yes wood does have it.

[Jibartik]

it is wood cellulose is what you're brainwashed think is "probably some awesome superfood plant" no sorry its a tree trunk.

https://i.imgur.com/EitDA6K.png

You wont find a picture of it before its in this form because spoiler: it's a tree.

[Reiwa]

it is wood cellulose is what you're brainwashed think is "probably some awesome superfood plant" no sorry its a tree trunk.

https://i.imgur.com/EitDA6K.png

edible plants are made of cellulose too, that's all.

I grant you permission to continue calling it wood, shapeshifter.

[Jibartik]

me my whole life, and still because it's easy to find parmesan without wood in it:

"it's not stuck together!"

https://i.imgur.com/GM96VGB.png

theyre filling it with wood so they have to buy less cheese.

[Reiwa]

noun

1. an insoluble substance which is the main constituent of plant cell walls and of vegetable fibers

[Jibartik]

2.
a corperate catchphrase backed by enough "yeah that makes sense" to make even the most casual of progressives think eating wood is ok so they parrot this line to sound smarter than the libertarian.

[Jibartik]

3. sawdust

[Reiwa]

3. sawdust

it's wood in the same way vaccines are deadly. like 0.00000001% true.

[Jibartik]

picture of powdered cellulous before it is in its powdered form:

https://i.imgur.com/ZAsSsRY.png

[Reiwa]

picture of powdered cellulous before it is in its powdered form:

https://i.imgur.com/ZAsSsRY.png

'corperate' (https://www.youtube.com/watch?v=AFDU_R6ShmI) :D

[Jibartik]

there is no spellcheck in paint! :o boycott wood as food.

https://www.sciencedirect.com/science/article/pii/S0032591019310253

https://i.imgur.com/ssIssG9.png

[robayon]

I guess I just think that we are really under this false idea that government protection offers us something that we wouldn’t have conjured up for ourselves on our own.

The libertarian side of me has a hard time believing the government is capable of doing anything good. The libertarian side of me seems to have the most common sense.I am sure this is how you will feel as the plane plummets to the ground because the manufacturers cut a few corners and made some of the bolts out of plywood

Or a bus crash kills 35 children because the brakepads were made out of toothpaste

[Jibartik]

I am sure this is how you will feel as the plane plummets to the ground because the manufacturers cut a few corners and made some of the bolts out of plywood

Or a bus crash kills 35 children because the brakepads were made out of toothpaste

You're describing the world you live in regulation:

vt-IJkUbAxY

[Jibartik]

Personally, I feel the justice system is what makes this baby (ameica) work.

The laws & gov should facilitate people performing lawsuits (which it mostly does) and that's why there is no wood in our food and shit, because people sue.

Americans joke about "Touch me and I'll sue" but literally it's what separates us from any other country in the history of mankind.

Rome = America - Lawsuits

Lawsuits = a safe, functioning society.

Thank god for the 3 branches of government

NOTHING this country does besides that hasn't been done and failed time and time again before.

[Homesteaded]

Hey so guys I landed my house roughly 15% under market and sold 30% above market.

More land. More equity. Lower payment. Worked a private sale. Get out there and work it.

Fruits of my labor to come. Only 40MBs out here.

[Gatordash]

Hey so guys I landed my house roughly 15% under market and sold 30% above market.

More land. More equity. Lower payment. Worked a private sale. Get out there and work it.

Fruits of my labor to come. Only 40MBs out here.

Homestead psyched he can finally start his own cult fucking his cousins in backwater Arkansas. You do you bud.

Also, congratulations.

[Gustoo]

Woah you discovered flipping houses, taking small part in the mega corps buying 100s of thousands of single family homes all to rent them, and then telling themselves they're doing people a favor letting them pay their mortgages?

Good stuff.

[Jibartik]

Woah you discovered flipping houses

idk bout you guys but I remember in the 80s all the tv commercials about joining a reale state class, or buying videos, to learn the secret trick to making money in real estate!

all these testimonials of like, poor people with big fat checks in their hands. "In the first year after my program, I made $150,000." "I made 50,000 after 1 year of this amazing course."

And then I remember over time people sharing the secret, and it becoming a non secret, and realizing the secret was: buy a shity house paint it then sell it!

Then we had the next 20 years of huge growth and then the housing market collapsed.

Now we're here. Wonder what happens next!

[Gustoo]

The new tech is large corps buying all available single family homes with like 3 trillion dollar market cap powers and renting them indefinitely forever.

So maybe get all their renters to stop paying rent at the same time and force a company to foreclose on 80k houses or take massive losses while they can't get enough cops to evict the 260k people at the exact same time over the course of several months.

So how this scheme collapses is anyones guess.

[Jibartik]

The new tech is large corps

"buy a small town and repaint it"

The people wont realize there is no economy there until you're long (elected into politics)

[Reiwa]

The new tech is large corps buying all available single family homes with like 3 trillion dollar market cap powers and renting them indefinitely forever.


is that a lot?

[Patriam1066]

The new tech is large corps buying all available single family homes with like 3 trillion dollar market cap powers and renting them indefinitely forever.

So maybe get all their renters to stop paying rent at the same time and force a company to foreclose on 80k houses or take massive losses while they can't get enough cops to evict the 260k people at the exact same time over the course of several months.

So how this scheme collapses is anyones guess.

Ban the Chinese from owning property

It’s a start (not even joking, no foreigner from a non-democracy should be allowed to own American property while maintaining citizenship / residence overseas)

Also, Airbnb should be banned

[Patriam1066]

is that a lot?

We should not bail out either the stock or real estate market the next time malfeasance causes a financial crisis. Let’s do to our finance sector what Iceland did

[Homesteaded]

Woah you discovered flipping houses, taking small part in the mega corps buying 100s of thousands of single family homes all to rent them, and then telling themselves they're doing people a favor letting them pay their mortgages?

Good stuff.

Try again, sorry bud. Savvy investing and being open to moving is more accurate. We put less than 5k into our house and made mega bucks. Don't be so bitter.

[Homesteaded]

Homestead psyched he can finally start his own cult fucking his cousins in backwater Arkansas. You do you bud.

Also, congratulations.

I live in Minnesota, not some backwater dump like Arkansas.

[Trexller]

Homestead psyched he can finally start his own cult fucking his cousins in backwater Arkansas. You do you bud.

Also, congratulations.

no one mentioned whether or not his cousins are hot

facts do matter

[Reiwa]

I live in Minnesota, not some backwater dump like Arkansas.

Lotta people marrying their cousins or worse up there these days.

[starkind]

Missouri is terrifying.

Tennessee and Arkansaw both look way more appealing. My one remaining alive male cousin lived in Missouri. And they literally have pedo judges who are on meth running that state.

[Gatordash]

I live in Minnesota, not some backwater dump like Arkansas.
I'm just not sure I can see Homesteaded with a Minnesota accent.

[Gatordash]

I sold my old home on Open Door. Closes next Friday. So far everything has been exactly like Open Door said it would be. I'll update if it actually works. What Open Door offered me seems too good to be true so I will be skeptical until the money actually hits my bank account.

Pretty interesting business model. I originally thought they were in the business of flipping homes on a large scale to make money but essentially Open Door's business model is to fuck realtors out of their commissions. Which I'm kinda all for. My realtor was pretty pissed when I told her I'm trying out an I-buyer.

[Homesteaded]

I'm just not sure I can see Homesteaded with a Minnesota accent.

What accent did you think I had?

[Gatordash]

What accent did you think I had?

Whatever the accent sounds like in Arkansas.

Housing 2022: Here's the best way to win a bidding war — if you can afford it (https://money.yahoo.com/housing-win-a-bidding-war-201535123.html?ncid=twitter_yfsocialtw_l1gbd0noiom )

Hey remember when covid happened and the Federal Reserve bought another trillion in Mortgage Backed Securities to make sure home prices went up? Thats going pretty well. Apparently they are putting an end to it this month! (https://www.cnbc.com/video/2022/03/11/fed-to-announce-final-purchase-of-mortgage-backed-securities.html) Because spending a trillion dollars to make it harder to buy a home for the past two years was a great idea. Somehow even better than the eviction moratorium. What can't Joe Biden fuck up?

[Patriam1066]

Biden controls the fed? He started the purchasing program that began in 2020when trump was prez?

Interesting perspective guys, I’d suggest you take a high school government class though because clearly the Alabama education system didn’t serve you well

[Patriam1066]

(SAD BIGLY)

(YUUUUUGELY OBESE)

[Gatordash]

Biden controls the fed? He started the purchasing program that began in 2020when trump was prez?

Interesting perspective guys, I’d suggest you take a high school government class though because clearly the Alabama education system didn’t serve you well

Yes, absolutely, Jay Powell was up for re-election two months ago and Biden had total control over him last year because Powell wants to keep his position as chair of the Federal Reserve.

Your sarcastic comment makes you look pretty dumb so I'll help you out on this one:

The goal of the Federal Reserve is to stabilize the dollar by keeping inflation low and steady and to keep employment at maximum. They commonly call this the dual mandate (https://www.federalreserve.gov/monetarypolicy/monetary-policy-what-are-its-goals-how-does-it-work.htm).

The dual mandate of the Federal Reserve was put in place because the US wants an economy where people are employed and prices of things are about the same. The money people at the Federal Reserve are supposed to handle that.

BUT WAIT! Joe Biden gets elected president and low and behold in the year 2021 the Federal Reserve comes up with a new mandate! Goodbye dual mandate.

What could the money people at the Federal Reserve possibly be tackling now you ask? CLIMATE CHANGE! So now the Federal Reserve's responsibilities are stabilize the dollar, keep employment up, and solve climate change (https://www.federalreserve.gov/newsevents/pressreleases/other20211103a.htm).

Two weeks after the Federal Reserve announced they were going to help climate change Biden nominated Powell for a second term as chair of the Federal Reserve. He fucked with him a bit before that with Brainard but Brainard is vice chair. And two months ago Jay Powell's nomination got confirmed by the Senate and he is once again chair of the Federal Reserve. Feel free to write another post about how Joe Biden has zero control over the Federal Reserve you dumbass.

[Jibartik]

I love how biden supporters insist that biden cant possibly be the reason anything happens.

And then they literally devote their lives to arguing about making sure he wins the elections!

If president cant be at fault for any of this, why the heck do you care who is president?

[Patriam1066]

I voted against trump for many reasons, but one was dumping 1/5th if the money supply into the bond market in 2020

This inflation was obvious, Biden isn’t great but trump was really REALLY stupendously moronic

[Patriam1066]

He looked at an eclipse guys cmon

[Patriam1066]

Btw, trump didn’t control the fed. Before you respond, I wasn’t being serious. Just throwing your own dumb ass misunderstanding of the federal gov back at you. It’s very easy to play the team sport Blame game

[Jibartik]

I get it you dont like trump, but you cant deny that he ran a better country. And as far as foreign policy goes do I have to say it again that BDE politics is the way america works, not this NATO shit that got half of ukraine killed.

Aside from trumps V shape recovery, we've done nothing but slip further and further towards a recession and Im certain it wont stop there.

[Gatordash]

I voted against trump for many reasons, but one was dumping 1/5th if the money supply into the bond market in 2020

This inflation was obvious, Biden isn’t great but trump was really REALLY stupendously moronic

Yeah Trump did it too (https://www.npr.org/2019/10/30/774700678/fed-cuts-rates-again-to-boost-a-slowing-economy) after S&P500 was down like 6% or whatever in 2018.

You want to find the root cause, its Obama/Bernanke after 2008. Powell literally did the same thing. Its the only reason I can think of why he is buying MBS when housing prices are so high, cause that's what Obama/Bernanke did ten years ago.

[Reiwa]

Snip snip 🍇

Two weeks after the Federal Reserve announced they were going to help climate change Biden nominated Powell for a second term as chair of the Federal Reserve. He fucked with him a bit before that with Brainard but Brainard is vice chair. And two months ago Jay Powell's nomination got confirmed by the Senate and he is once again chair of the Federal Reserve. Feel free to write another post about how Joe Biden has zero control over the Federal Reserve you dumbass.

Same way Pelosi has total control of the Capitol Police, right? 😹

[Reiwa]

Love this reality where nominating someone ensorcells a geas over them forevermore.

[robayon]

I get it you dont like trump, but you cant deny that he ran a better country.I will deny this, it was shit then and it's shit now

[Patriam1066]

Yeah Trump did it too (https://www.npr.org/2019/10/30/774700678/fed-cuts-rates-again-to-boost-a-slowing-economy) after S&P500 was down like 6% or whatever in 2018.

You want to find the root cause, its Obama/Bernanke after 2008. Powell literally did the same thing. Its the only reason I can think of why he is buying MBS when housing prices are so high, cause that's what Obama/Bernanke did ten years ago.

The root cause is we have national debt and can’t really raise interest rates

It’s going to take decades of higher taxes on people like me and austerity on multiple priorities, including a defense budget topped at 3% GDP

I don’t think any of these guys running central banks know what to do in a climate of increasing labor shortages. No “modern” democracy except for Israel has positive population growth due to natural births. That’s gonna be a tough one to solve.

[Gatordash]

The root cause is we have national debt and can’t really raise interest rates

It’s going to take decades of higher taxes on people like me and austerity on multiple priorities, including a defense budget topped at 3% GDP

I don’t think any of these guys running central banks know what to do in a climate of increasing labor shortages. No “modern” democracy except for Israel has positive population growth due to natural births. That’s gonna be a tough one to solve.

Pretty sure Obama started the continuing resolution bullshit too.

[Patriam1066]

Yes we’ve definitely had terrible leadership for a while now, I agree. Didn’t vote for Obama either time, though I probably would now given who is running against him

I just don’t think you guys acknowledge Biden was dealt a shitty hand. Some degree of inflation was imminent based on fed decisions in 2020. Pandemic closed borders and delayed trade, regardless of your feeling on our response (the effects were global). Biden is also a moderate senate democrat with a 50/50 senate and with the smallest house majority in history. Him acting as if he has a mandate is dumb, but the response to him as if he’s ramming through communist policies makes no sense. He’s a placeholder until someone better comes along. Sadly, there isn’t really an inspiring or intelligent candidate from either party that I see. Mitt Romney is another placeholder

[Rethalis]

I just don’t think you guys acknowledge Biden was dealt a shitty hand.


Booming economy
"vaccines" starting to roll out
some real progress on the southern boarder
some real steps to peace in the middle east regarding israel and iran
more oil and cheaper energy production at home

all of this was tanked within less than a year. Wasn't 100 percent his fault but he sure cheered on the lockdowns while trying to help get trillions spent that wasn't needed.

The best policy would have been just hands off.

"Don't underestimate Joe's ability to fuck things up," - Obama

[Jibartik]

I just don’t think you guys acknowledge Biden was dealt a shitty hand.

Not even! He was given a loaded hand! He could have done anything. The democrats steve job elon worshiping type infatuation cultish hysteria would have let him sign their lives away.

Easiest presidency ever, walking into covid lock downs, unprecedented goverment spending, mysterious economic boom... He was given candyland.

Guy just walked around trying to talk to shadows and has failed again and again and again and we're still looking down the barrel of world war 3 *leans and whispers to the mic* he said it yesterday.

[Patriam1066]

Booming economy
"vaccines" starting to roll out
some real progress on the southern boarder
some real steps to peace in the middle east regarding israel and iran
more oil and cheaper energy production at home

all of this was tanked within less than a year. Wasn't 100 percent his fault but he sure cheered on the lockdowns while trying to help get trillions spent that wasn't needed.

The best policy would have been just hands off.

"Don't underestimate Joe's ability to fuck things up," - Obama

The fact that you put “vaccines” in quotations like that makes me think perhaps you’re seeing this with the rose colored glasses of a partisan. I agree with most of that, definitely not about Iran. Iran has been amping up cocaine smuggling in South America. They will never make peace, best you can hope for is them not to get a nuke. Trust me my man, I am a relatively peaceable persian and I spent most of high school beating the shit out of every redneck and black who looked at my sister or talked shit about my brother. You’d have to kill us to a man to get us to submit

Trump left office with 1/5th of our money supply being added in one year, the employment rate was historically low, housing prices shooting up

Biden has been bad on the border (all Dems are, thoufh we’re still to the right of Bush era policies), and bad on energy. Agree with those 100%. I also agree democrats are going to lose BIGLY in midterms this year

Still, you guys give trump a lot of credit for doing a poor job in the latter half of his presidency, hence why he lost the election in places like georgia and Arizona. Everyone with something to lose didn’t like him at the helm of the country. He lost people like me who vote Republican more often than not because he genuinely handled BLM protests, Covid, Iran, to name a few about as poorly as one could. Great job on the border and oil though from my perspective

[Patriam1066]

Not even! He was given a loaded hand! He could have done anything. The democrats steve job elon worshiping type infatuation cultish hysteria would have let him sign their lives away.

Easiest presidency ever, walking into covid lock downs, unprecedented goverment spending, mysterious economic boom... He was given candyland.

Guy just walked around trying to talk to shadows and has failed again and again and again and we're still looking down the barrel of world war 3 *leans and whispers to the mic* he said it yesterday.

Yes once in a century pandemic with people out of work and historically bad relations with China, the #2 global power = candyland. Craziness

Biden has sucked but he was given a bad hand by someone who sucked at least as bad if not worse.

[Reiwa]

Booming economy


Booming is right. Economy exploded in 2020 before Joey B was even President-elect.

No reason to read the rest of what you said, sorry dude. :(

[Rethalis]

The fact that you put “vaccines” in quotations like that makes me think perhaps you’re seeing this with the rose colored glasses of a partisan. I agree with most of that, definitely not about Iran. Iran has been amping up cocaine smuggling in South America. They will never make peace, best you can hope for is them not to get a nuke. Trust me my man, I am a relatively peaceable persian and I spent most of high school beating the shit out of every redneck and black who looked at my sister or talked shit about my brother. You’d have to kill us to a man to get us to submit

Trump left office with 1/5th of our money supply being added in one year, the employment rate was historically low, housing prices shooting up

Biden has been bad on the border (all Dems are, thoufh we’re still to the right of Bush era policies), and bad on energy. Agree with those 100%. I also agree democrats are going to lose BIGLY in midterms this year

Still, you guys give trump a lot of credit for doing a poor job in the latter half of his presidency, hence why he lost the election in places like georgia and Arizona. Everyone with something to lose didn’t like him at the helm of the country. He lost people like me who vote Republican more often than not because he genuinely handled BLM protests, Covid, Iran, to name a few about as poorly as one could. Great job on the border and oil though from my perspective

Vaccines in quotes are more related to the fact it looks alot less like a vaccine now and will become something more like the yearly flu shot for the elderly and vulnerable.

there will be no peace with iran I meant it as it relates to foreign policy to just not recognize them and not deal with them at all. UEA and Israel deal was a pretty big step in the right direction in regards to iran. United states has a long history of funding terrorists. No amount of money given to iran that fundamentally hates the west will guarantee that the nuclear program will only be "peaceable"

[Rethalis]

Booming is right. Economy exploded in 2020 before Joey B was even President-elect.

No reason to read the rest of what you said, sorry dude. :(

It was merely on pause with the vaccines rolling out all Biden and the fear mongers had to do was keep hands off. But instead we spent trillions we don't have on nothing once again.

[Homesteaded]

Look Patriam thinks he's smart but says nothing with a lot of words. Grats to you. Have fun being a fence riding bitch.

[Reiwa]

It was merely on pause.

Ok Comical Ali 🙄

[Patriam1066]

Look Patriam thinks he's smart but says nothing with a lot of words. Grats to you. Have fun being a fence riding bitch.

Have fun being on a team against your own countrymen. What a true patriot

[Patriam1066]

Vaccines in quotes are more related to the fact it looks alot less like a vaccine now and will become something more like the yearly flu shot for the elderly and vulnerable.

there will be no peace with iran I meant it as it relates to foreign policy to just not recognize them and not deal with them at all. UEA and Israel deal was a pretty big step in the right direction in regards to iran. United states has a long history of funding terrorists. No amount of money given to iran that fundamentally hates the west will guarantee that the nuclear program will only be "peaceable"

Meh, I don’t disagree with this

I also think the Saudis and Emiratis are as bad as Iran’s govt. they just pretend to be on our team on occasion, though they are actually shitheads

[Gatordash]

Look Patriam thinks he's smart but says nothing with a lot of words. Grats to you. Have fun being a fence riding bitch.

Patriam is the guy who actually pays money for something like a CNBC Pro subscription and thinks he has a leg up on everyone. Bro, way til you here this exclusive stock Jim Cramer recommended - Gotta subscribe to CNBC+ to get it man!

[Patriam1066]

Index funds are the way to go, anyone giving you stock advice is full of shit

Hope this helps!!!

[Gatordash]

Index funds are the way to go, anyone giving you stock advice is full of shit

Hope this helps!!!

Index funds- where you go to learn the global economy actually relies on Apple's stock price.

[Jibartik]

lol

[Jibartik]

Yes once in a century pandemic with people out of work and historically bad relations with China, the #2 global power = candyland. Craziness

Biden has sucked but he was given a bad hand by someone who sucked at least as bad if not worse.

saying the president was given a bad hand is the biggest cop out in history.

First of all nobody says their favorite president was given a good hand, nobody.

Second of all, trust me, 81 million people who love you like a cult loves apple products, is a great hand.

Gimi a break.

The guy spent the first year trying to push a 20 TRILLION dollar bill, and failed. He spent so much time doing that he let everything else fall apart, because he spent the entire year trying to push that through when nobody wanted it.

Hastfully pulling out of Afghanistan, was that his choice or trumps?

His best threats against russia buildups were met with "if its minor, we'll have to think about what to do"

then russia does a "special military operation" and wont call it a war, invading ukraine.

Economy on this trend, first he ignroes it says its transitory, then he ignores it says its inflation, now they say its going to be a recession. This guy is just sleeping on the job.

Ports shut down for a year, could he have done something? national guard? anything? No? bad hand? His play was: dont do anything.

He wasn't dealt a band hand that is absolute trash talk. He tried to do something and failed, and in the meantime everything else he should have been taking care of fell apart.

Gimi a break, bad hand.

[Jibartik]

Biden can still get literally shit on during a speech on live tv about world war 3 and the media will still not make fun of him.

A bad hand that is absolute bull honkey.

[Gustoo]

He got a good hand in the sense that his predecessor was a famously well known scum bag so people are willing to give Biden a bit of a pass. That’s what’s happening.

Sorry you’ve never been to a random lake in Arizona where men literally wear t shirts with the nazi SS logo and are openly pro nazi white supremacists.

The above community is one I am familiar with and it’s turned a corner since the trump presidency. Not to say the race war aspect of Trump is his invention, his dumb ass just made it worse.

(Race politics in USA is just to keep us internally divided enough to support with vehemence whoever democrat or republican to fight the bad one on the other side) the real result though is racist weirdos come out of the wood work. Future is grim there’s a lot of nice (geographically) places I no longer consider viable living places in America.

[MrSparkle001]

Biden can still get literally shit on during a speech on live tv about world war 3 and the media will still not make fun of him.

A bad hand that is absolute bull honkey.

Saudi Arabia is making fun of him. Make of that what you will.

WOhcCPqc4pk

[Jibartik]

He got a good hand in the sense that his predecessor was a famously well known scum bag so people are willing to give Biden a bit of a pass. That’s what’s happening.

This is a full house. It's about as good a hand as you can get in politics.

Sorry you’ve never been to a random lake in Arizona where men literally wear t shirts with the nazi SS logo and are openly pro nazi white supremacists.

If this is what people encounter in their lives then I live a deeply privliaged one.

[Reiwa]

a good hand dot png

https://i.imgur.com/JTIrjNq.png

is there a word for when the economy recedes like this?

[Rethalis]

a good hand dot png

https://i.imgur.com/JTIrjNq.png

is there a word for when the economy recedes like this?

Fear mongering, virtue signaling lockdowns.

[Reiwa]

Fear mongering, virtue signaling lockdowns.

Take it up with Tromp

[Jibartik]

a good hand dot png

https://i.imgur.com/JTIrjNq.png

is there a word for when the economy recedes like this?

yeah "the guy I voted for got a bad hand"

[Patriam1066]

Index funds- where you go to learn the global economy actually relies on Apple's stock price.

I’m more worried about Tesla’s portion of the stock market tbh

[Gatordash]

I sold my old home on Open Door. Closes next Friday. So far everything has been exactly like Open Door said it would be. I'll update if it actually works. What Open Door offered me seems too good to be true so I will be skeptical until the money actually hits my bank account.

Pretty interesting business model. I originally thought they were in the business of flipping homes on a large scale to make money but essentially Open Door's business model is to fuck realtors out of their commissions. Which I'm kinda all for. My realtor was pretty pissed when I told her I'm trying out an I-buyer.

OPENDOOR UPDATE: You should all try Opendoor when selling your home. I got an extra $70k and didn't have to fix or show my home at all.

Selling your home to Opendoor is legit. Just starting there because I was skeptical of it. If you've ever bought or sold a home, you know you will be signing a ton of paperwork that you only read small portions of and never know what's in there. Opendoor explained the entire process to me and everything happened exactly like they said. There was no "fine print" to the process.

How it works is you fill out some basic home info online and they give you a range of what they will offer. You then have a Zoom call where you walk around your home showing everything to them. Lastly, they have an inspector come out to look at your backyard and the foundation of the home. That is it. It took a week from when I submitted my home info to get a finalized offer price. I closed the home in two weeks. No one ever even went inside. After that you basically pack up your house and take some pictures showing that its empty. They have an escrow company contact you (you can pick your own but I just went with Opendoor's suggestion) to fill out all the paperwork. They contract with some online notary where I signed everything on my phone while I was at work.

I live in Las Vegas where everything is a master planned development with HOA's and all that. I only say that because MY EXACT HOUSE sold 3 weeks before my finalized price from Opendoor for 70k less than their offer and 30k less than Offerpad's offer. That being said, I happened to have the exact home Opendoor is looking for. They want single family starter homes in nice neighborhoods because they re-do the carpeting, paint it, and can sell it right away.

To my understanding, they way Opendoor makes money buying homes is from cutting out the realtor. They charge a 5% 'service fee' on the sale of your home in place of the typical 6% 'commission' your realtor would charge. So if they buy your house for $500,000, they take 25k of that. But even still, from your perspective as a seller, you are saving $5k because your realtor would have taken 30k instead of the 25k. Opendoor will also take out money for repairs. You can probably negotiate this but I didn't. They wanted $7k in repairs for my house which seemed reasonable.

All of this info, including the fees and closing costs, was given to me up front in the "finalized offer" they gave me a week after I contacted them. Its a free offer and they ended up paying me more than what I would have got on the open market unless my home value went up 70k in 3 weeks. You should all try it.

[unsunghero]

My realtor I saw at a family gathering over Easter weekend since he’s a family friend. He asked how I was liking the house and I joked that it was going up $1000/day

I was totally kidding, but I just looked it up and it did indeed go up in value $30k in the last month, which comes out to $1000/day

House makes way more money than I could…

[Jibartik]

My realtor I saw at a family gathering over Easter weekend since he’s a family friend. He asked how I was liking the house and I joked that it was going up $1000/day

I was totally kidding, but I just looked it up and it did indeed go up in value $30k in the last month, which comes out to $1000/day

House makes way more money than I could…

totally makes sense with the social economic climate out there.

https://i.imgur.com/UFJ1jij.png

[Gatordash]

My realtor I saw at a family gathering over Easter weekend since he’s a family friend. He asked how I was liking the house and I joked that it was going up $1000/day

I was totally kidding, but I just looked it up and it did indeed go up in value $30k in the last month, which comes out to $1000/day

House makes way more money than I could…

Yeah I have no idea when this is going to end. You'd think it would start to slow with mortgage rates going up but in an already low inventory market with companies like OpenDoor coming in and buying your shitty home straight cash to flip it I bet it keeps going for another year or two. You should ask your friend what percent of homes are getting sold to companies instead of families. I'm kinda curious. I heard its like 30% nowadays but no idea if thats true or not.

[unsunghero]

BTW, the ultra-powerful investing firm Blackrock, that’s buying up all the homes and driving up home prices, is Liberal

“BlackRock, the world's largest investment manager, has become an increasingly influential Wall Street player in Washington, DC. The firm has hired notable policy-makers over the years, and at least three leaders with the New York-based asset manager on their resumes now hold prominent roles in President Joe Biden's cabinet”

…

“By the time Deese and Adeyemo got to BlackRock, they already had experience working in government. Deese was previously a senior advisor to President Barack Obama and served as deputy director of the National Economic Council, which he is now set to lead under Biden.

Adeyemo, who was appointed as deputy Treasury secretary in the Biden administration, had previously worked as Obama's senior international economics advisor. While at BlackRock, one of his roles was Fink's interim chief of staff.

Pyle, who has worked as BlackRock's global chief investment strategist, had also previously worked in Obama's administration by the time he started at the asset manager”

https://www.businessinsider.com/what-to-know-about-blackrock-larry-fink-biden-cabinet-facts-2020-12?amp

[Jibartik]

BTW, the ultra-powerful investing firm Blackrock, that’s buying up all the homes and driving up home prices, is Liberal

https://www.weforum.org/organizations/blackrock-inc

Z0GFRcFm-aY

[starkind]

Good song.

[Homesteaded]

Buy privately. That takes some work though, you know like talking to people and being willing to negotiate and work with other people.

Easier to just pay some ex-high school athlete who grew up in your area to get 5% of your sale for paying a photographer to take photos and then upload them into Redfin. It helps if they can read a contract, not required though.

[nilzark]

My home value has doubled since I bought it. I would buy another house but the cost has doubled.

[Jibartik]

Makes sense because of the booming economy and amazing prospects everyone has.

[Jibartik]

https://i.imgur.com/01pyMwY.png

rQ6N-sb7SVQ

[unsunghero]

Not home but this is apparently another reason why you don’t want to buy a newer year car (+ car’s inflated price)

Registering it now costs *3* times as much as it used to!

[unsunghero]

^
I’m emailing this to the DMV in response. Almost $1k for a 2 year registration is a rip off!

[Reiwa]

Not home but this is apparently another reason why you don’t want to buy a newer year car (+ car’s inflated price)

Registering it now costs *3* times as much as it used to!

https://www.project1999.com/forums/attachment.php?attachmentid=17588&stc=1&thumb=1&d=1651354256

WA has passed $30 car tab law like 5 times.

And boy oh boy, it has each time been declared to violate the state Consitution and strucked down.

Makes me like that we the governed youtube man.

[Jibartik]

Wow this is the positive thing Ive seen happen in politics in a long time, this seems like a great idea https://www.mercurynews.com/2022/05/01/new-california-program-could-help-first-time-home-buyers/

[Reiwa]

0.5% is a big hike for the fed?

[Jibartik]

Raisng the interest rates to combat inflation is a hilarious idea IMO. It's like literally saying this in my opinion:

"We're going to make it impossible for you to afford to do anything anymore and that should lower prices."

The banks and the wealthy are robbing the people of this country blind and it is a ticking time bomb.

While the market prices drop, they will buy everything in cash, and their lives wont change a bit while they make HUGE profits and the vast majority of americans, from the upper middle class and below, will all be paying the price for it.

It's fucking insane to me I cant believe people live in this wacko world.

https://i.imgur.com/aCBfr29.png

[Reiwa]

Raisng the interest rates to combat inflation is a hilarious idea IMO. It's like literally saying this in my opinion:

"We're going to make it impossible for you to afford to do anything anymore and that should lower prices."

The banks and the wealthy are robbing the people of this country blind and it is a ticking time bomb.

While the market prices drop, they will buy everything in cash, and their lives wont change a bit while they make HUGE profits and the vast majority of americans, from the upper middle class and below, will all be paying the price for it.

It's fucking insane to me I cant believe people live in this wacko world.

https://i.imgur.com/aCBfr29.png

Right now zoning ordinances and regulations have more impact on housing supply than the government loan interest rate.

[Jibartik]

raising the interest rates really hits more than just the home market, the stock market, everything the little guy is able to invest in, basically suffers, and then the cash owners just buy it all from the desperate poor, and then it goes back up.

I swear to god this is like the greatest heist going on right now.

[Reiwa]

raising the interest rates really hits more than just the home market, the stock market, everything the little guy is able to invest in, basically suffers, and then the cash owners just buy it all from the desperate poor, and then it goes back up.

I swear to god this is like the greatest heist going on right now.

How?

[Jibartik]

I just said!

They raise the interest rates, this lowers investments and stock market goes down (as it is doing) and housing prices go down as mortgage rates go up. yada yada.

The poor, unable to buy homes, unable to invest in a collapsing market, sell their stocks, stop investing, and the cost of thigns go down.

And all while that missery is happening, the wealthy swoop in and buy all that shit at super low low prices from desperate sellers, and, then over time the economy gets stronger and the wealth has been transferred from the 99%, to the 1%

the raelly fucked up thing is during all of this, none of it is driven by the market, all of it, is driven by dials controlled inside the FED.

They turned us into the matrix machine, where they can squeeze more energy out of us but it burns us out more... its crazy.

[Reiwa]

I just said!

They raise the interest rates, this lowers investments and stock market goes down (as it is doing) and housing prices go down as mortgage rates go up. yada yada.

The poor, unable to buy homes, unable to invest in a collapsing market, sell their stocks, stop investing, and the cost of thigns go down.

And all while that missery is happening, the wealthy swoop in and buy all that shit at super low low prices from desperate sellers, and, then over time the economy gets stronger and the wealth has been transferred from the 99%, to the 1%

the raelly fucked up thing is during all of this, none of it is driven by the market, all of it, is driven by dials controlled inside the FED.

They turned us into the matrix machine, where they can squeeze more energy out of us but it burns us out more... its crazy.

What's that got to do with government interest?

[Jibartik]

idk what goverment interset is, im talking about interest rates set by the fed whats wrong?

[Reiwa]

idk what goverment interset is, im talking about interest rates set by the fed whats wrong?

Isnt it only for government bonds and stuff? :confused:

[Jibartik]

No just turn on CNBC for like just a day. They’ll explain it.

[Reiwa]

No just turn on CNBC for like just a day. They’ll explain it.

What is the gubmint doing telling lenders what to do? :mad:

[Jibartik]

ask the guys who assasinated JFK

[Gatordash]

Isnt it only for government bonds and stuff? :confused:

Credit card rates, car loans, mortgage rates, that sort of stuff is what is actually getting affected by the rate hikes. But the Federal Reserve pretty much controls market sentiment even though they don't have a direct effect on it. Anytime they do QE, market goes through the roof. They start doing QT, recession incoming.

[Reiwa]

But the Federal Reserve pretty much controls market sentiment even though they don't have a direct effect on it.

https://i.imgur.com/aea6oBx.jpg

[Jibartik]

I bet you could attribute every problem in the world today to the petrodollar which is funny because that's what qanon and steve bannon believe.

[Gatordash]

https://www.redfin.com/news/housing-market-update-sellers-rush-to-find-buyers/


The monthly mortgage payment on the median asking price home rose to a record high of $2,447 at the current 5.25% mortgage rate. This was up 43%—from $1,706 a year earlier, when mortgage rates were 3%.

41% of homes that went under contract had an accepted offer within one week of hitting the market, up from 40% a year earlier........ 55% of homes that went under contract had an accepted offer within the first two weeks

A record 57% of homes sold above list price, up from 49% a year earlier.

The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, rose to an all-time high of 102.9%. In other words, the average home sold for 2.9% above its asking price. This was up from 101.5% a year earlier.

17793

I definitely helped move up those mortgage payments.

[Jibartik]

yeah, the economy was exploding because of all the hard work and new things people were building and making those years wait what the fuck?!

[Bardp1999]

My house is worth a lot more but so are my taxes now. The double-edged sword

[Gatordash]

To Atlanta Fed President Raphael Bostic, (https://www.reuters.com/article/usa-fed-bostic-rates/feds-bostic-suggests-pausing-rate-hikes-in-september-to-assess-impact-idUSKCN2N91QN) once the Federal Reserve has delivered half-of-a-percentage point rate hikes as Chair Jerome Powell has signaled, “a pause in September might make sense.”

“I think a lot of it will depend on the ground dynamics that we are starting to see” both of the inflation the Fed is trying to contain and the impact of higher interest rates on the economy, he told the Rotary Club of Atlanta on Monday.

Whew, that was a rough couple months. Glad that's over.

[Jibartik]

What % of people own homes in the USA? (65%)

Ok so all it takes to run a pyramid scheme is to convince 65% of the country to invest in one.

[Jibartik]

Since this is the rational economic thread or as rational as it gets, I have a serious question..

If the "petro dollar" is so important to making our economy work... why would we try to even make this transition off of fossil fuels that Biden is talking about here?

But on that note, as we do move to reenables, doesn't that mean that the petro dollar, and our economy will surely collapse for sure? Does anyone know? I am confused about this one bigly.

pC-iRtLZz3I

[Reiwa]

Since this is the rational economic thread or as rational as it gets, I have a serious question..

If the "petro dollar" is so important to making our economy work... why would we try to even make this transition off of fossil fuels that Biden is talking about here?

But on that note, as we do move to reenables, doesn't that mean that the petro dollar, and our economy will surely collapse for sure? Does anyone know? I am confused about this one bigly.

pC-iRtLZz3I

Haha, petrodollar make car go vroom vroom.

[Gustoo]

Jib the 0 percent interest rate from the fed goes directly to the banks. In other words banks were getting money printed for free and their only job was to make it more than 0% profit by spending that money. If they get a billion dollars and make .5% profit they still make 5 million dollars. If you made half a percent profit you would be out of business because inflation is greater than half a percentage and you don't have enough VOLUME of money for half a percent to keep the wheels turning, boat floating, whatever your favorite analogy is.

That free money in the market means inflation for you and I who are on fixed incomes, whos incomes do not adjust for inflation.

The expected inflation is impacting market prices on hard assets and "real estate" because those things will maintain value relative to the actual value of the dollar. The price increase in a home can be used as a more effective gauge of actual inflation today than whatever nonsense rates the government provides people.

A healthy food item I like to buy just went from 9.99 to 10.99 that is about 10% inflation overnight for me. I don't make 10% more money but that food now costs 10% more.

The robbery is in the form of inflation. You don't get to take part in making the inflation (billions of dollars of hand outs don't deliver do your desk or your favorite industry who's profit you share in) but the negative impact you do feel.

It is also something that could be done intentionally to drive people INTO "the markets" as in countries where hyperinflation is real they don't get paid in actual money, they get paid in stocks so that the value of their pay can fluctuate with the markets and they don't get their paycheck cut in half over night.

This is also a sham because investing in "the markets" essentially means you are giving your money BACK to the same scumlords who have squandered the value of your labor and the dollar, to their gain. Essentially they make money on both sides. They spend money before inflation hits, then they get all the leftover money from you back in the form of "investments" in their organizations. Before societal collapse this all serves to bolster the strength of the "Status quo" as these guys get infinite money from the government in form of 0 percent interest, plus with the inflation they create they have provided incentive for you to invest in their organizations or "the market" in general.

Sounds fucked right?

Might be time to start raising some chickens or something? Maybe.

This all has the effect that a person who works on their car now saves even more money. All of your real life skills have more value than they used to especially when they have survival value.

Spend some time in kelelthin and get your fletching skills up.



Furthermore - a 30 year mortgage at the highest possible dollar value a person can afford also does very much to support the status quo. Everyone with a mortgage has massive incentive to STFU and keep having a job that lets them pay the bills. Because they are "earning" their "wealth" meaning when they have finished spending their entire life paying off a mortgage they now have enough value in that home that they can retire and have BBQ's on sundays until they die 10 years later or whatever. God forbid anyone thinks about what they should actually be doing with the 30 years of their life they spend paying off a mortgage.

So the implicit threat of total poverty and massive inflation drives people to dive further and further into status quo support, which means supporting the evil powers that be who are bamboozling everyone at all times. Maybe you manage to get a LEG UP on all the other victims, so despite being a victim of this at least you're one of the more prosperous victiim who's entire lifes work means you can be sort of comfortable for a handful of years before you die, as long as you don't spend too much time thinking about all of the very very unfortunate victims of this system you just barely scratch out a "benefit" from.

[MrSparkle001]

We have to transition off of fossil fuels. Best to do it gradually though and not basically punish people still driving gasoline-fueled vehicles, which includes every single hauling truck on the road.

Some of us knew the left would use this gas price surge as a tool to promote their green energy initiative through their puppet Biden, as if electric vehicles are the practical solution we need vs high gas prices.

[Jibartik]

I just dont unerstand the gas price petro dollar thing, if we're not using gas then doesnt the us dollar collapse?

also ty gustoo seems to check out w. me

[Jibartik]

This is the home ownership I respect:

4syUHmEi8jw

prob go down like this though anyway when the sky is ignited in raging nuclear fire.

cOW38zFHHpY

[Jibartik]

lol

https://twitter.com/SUNDAYPHILLIPS_/status/1532748247353245697?s=20&t=as0vpcJVJRZNc5yZOqnurw

god damn party of Davos knows millennials best lmao

"if you asked a lot of millennials, they'd tell you they dont desire to own a home, or a car, they grew up with the sharing economy and if they can move into a turnkey ready home, that's very compelling for them."

https://i.imgur.com/owSdvjx.png

lol raise your hand if that's you.

[alphys]

Cashed out, zeroed debt, bought a beach condo, zero upkeep and direct ocean view. Keep holding those bags.

1. upkeep is a bitch, roof was falling apart and I used cardboard to fix the walls with spackle
2. Codes? wtf? I had power company disconnect power for one day then redid electrical box and told them I did nothing $0 cost
3. Buyers were immoral sodomites who waived inspection.
4. No insulation in house at all, stuffed with free blankets and construction debris

Now I am broke again, but I also qualify for food stamps, free medical, ect.

Only suckers are working in this world. Be a parasite and suckle off the ZOG blood

[Gustoo]

Scary post above.

GL with your mental health.

[starkind]

I want to live in a Salt mine with dry goods and algae paste and filtered rain water. And a starkink connection until it goes out from the nukes.

Not to survive. Just to be somewhere isolated and quiet.

[Jibartik]

I want to live in a Salt mine

See you there!

https://i.imgur.com/vgC1tj4.png

What's with this thread, is this a calling? Are we being blessed with the grace of god, informing us where to go when the sky darkens?

The cross, the giant cathedral like cave... is this our destination?

Can we get a pin? I will see you there when the time is nigh!


kHdECwvWuJc

[starkind]

See you there!




kHdECwvWuJc

Whoopi. 🤩

[GinnasP99]

Be a parasite

I'm good.

[starkind]

Or a bedbug!

[Reiwa]

Or a bedbug!

Bedbugs swum ashore, poor boatman nearly got drowned. (https://www.youtube.com/watch?v=Vsw_X0-t06Y)

[Vormotus]

You kniow ... my familys home in Venezuela recently got broken into, everything stolen: ACs, Copper Wiring, pipes ... heck they even removed somehow the damn Security Doors, which can literally take small arms fire off their hinges and broke through the wall to uproot it from the frame.

They literally ripped the window vanes, glass, sliding rails ... they stole everything in there because my family was visiting some other family in the USA.

After a while I began to ponder and then I decided to surf around and found this thread here on this weird old game I keep playing in bursts fro the past years

I dont know if I am currently in a philosophical mood, as now my family is literally destitute on a poor country , as there is no way for them to go back and live there as it was then filled with crackheads and random crazy people off the streets and we had to remotely hire thugs to clean it out and then brick and mortar it everywhere in hopes of someone buying it for mere pittance for the terrain alone ...

I believe, as I have travelled through this strange planet, having fled my own country almost 12 years ago as a political refugee and getting polytical asylum for humanitarian reasons that life is extremely weird to grasp when everything you take for granted today can be ripped off from you by governments, thugs, criminals, illness, riots, political upheavals and or sheer happenstance.

I see you all talking about homes and this reminded me a bit of a line in a movie I saw a long time ago but that struck me deeply at the time, as I was literally homeless myself living off the goodwill of other people in their homes while I managed to get something for myself and my wife.

Its from 99 Homes, a movie that has a character who is a greedy "landlord" type of man that made money requisitioning and evicting people from homes due to foreclosures.

Houses are ... lies . Homes and the need to own them are lies. They are just ... boxes.

I dont know. I dont feel strongly on the issue in this thread, but wanted to tell you all this, random people as I have no one else nearby to talk about it .

I love you all and if you can watch that movie, its .. .quite ... interesting. It has some neat revelations regarding the topic here (https://youtu.be/Vh0piQN1_LY)

[starkind]

Bedbugs swum ashore, poor boatman nearly got drowned. (https://www.youtube.com/watch?v=Vsw_X0-t06Y)

🎶👏

[starkind]

You kniow ... my familys home in Venezuela recently got broken into, everything stolen: ACs, Copper Wiring, pipes ... heck they even removed somehow the damn Security Doors, which can literally take small arms fire off their hinges and broke through the wall to uproot it from the frame.

They literally ripped the window vanes, glass, sliding rails ... they stole everything in there because my family was visiting some other family in the USA.

After a while I began to ponder and then I decided to surf around and found this thread here on this weird old game I keep playing in bursts fro the past years

I dont know if I am currently in a philosophical mood, as now my family is literally destitute on a poor country , as there is no way for them to go back and live there as it was then filled with crackheads and random crazy people off the streets and we had to remotely hire thugs to clean it out and then brick and mortar it everywhere in hopes of someone buying it for mere pittance for the terrain alone ...

I believe, as I have travelled through this strange planet, having fled my own country almost 12 years ago as a political refugee and getting polytical asylum for humanitarian reasons that life is extremely weird to grasp when everything you take for granted today can be ripped off from you by governments, thugs, criminals, illness, riots, political upheavals and or sheer happenstance.

I see you all talking about homes and this reminded me a bit of a line in a movie I saw a long time ago but that struck me deeply at the time, as I was literally homeless myself living off the goodwill of other people in their homes while I managed to get something for myself and my wife.

Its from 99 Homes, a movie that has a character who is a greedy "landlord" type of man that made money requisitioning and evicting people from homes due to foreclosures.

Houses are ... lies . Homes and the need to own them are lies. They are just ... boxes.

I dont know. I dont feel strongly on the issue in this thread, but wanted to tell you all this, random people as I have no one else nearby to talk about it .

I love you all and if you can watch that movie, its .. .quite ... interesting. It has some neat revelations regarding the topic here (https://youtu.be/Vh0piQN1_LY)
That is quite the journey.

I look back and try to find the good... sleeping in my pickup in a thunderstorm in a TX truckstop between postings. Interesting and sad times. Also good... because I was strong and brave. And free in a way. I hope everyone had some relief on their journey and your family is doing ok.

For some stability and peace is a blessing. Others it's stifling. I was mulling over what happened in Venezuela a few years ago. I remember your posts. I'm glad you've made it through to share your wisdom on the other side.

[starkind]

lSt96KFFHxA

[Vormotus]

I remember your posts. I'm glad you've made it through to share your wisdom on the other side.

Thank you friend!

Those words fall on a willing heart and mind. Big hugs to you :)

[Vormotus]

lSt96KFFHxA

Oh man, love these videos!!!

Added to my list in yt :D

[starkind]

sINoSihbpS0

[alphys]

Scary post above.

GL with your mental health.

https://i.ibb.co/7N9KWg0/IMG-3948.jpg (https://imgbb.com/)

[Reiwa]

https://i.ibb.co/7N9KWg0/IMG-3948.jpg (https://imgbb.com/)

You put blankets in the walls?

[starkind]

It is nice to be understood.

It never was mandatory.

Hinging my happiness and wellbeing on being understood is the dumbest thing I ever did.

Understanding is a tool. Nothing more. For those that don't understand. Sorry buddies.

[alphys]

You put blankets in the walls?

In the industry we call it " Insulation " There was just empty space originally. This was out in Seattle so its probably intentional so the air can circulate and remove excess humidity since it rains 10 months a year. I had a ton of old construction material and garbage so filled the wall cavities when I was redoing the old burned 1960s wiring before covering it up with drywall. (No vapor barrier installed)

That place will probably be one giant mold spore in a few years.

The chimney was also broken and leaking so I went on the roof, put some electrical tape and JB weld over the obvious cracks and used a coat hanger to secure the assembly. I spray painted over that to match the color of the chimney. Very good obfuscation.

Glad they waived inspection because I really did not want to go under the house because of the rats/spiders and live electrical wire I forgot to secure. (Its on a 10 amp breaker so wont kill anyone that quickly)

They paid $320,000 for this hot piece of shit. Bag holder incarnate.

So this guy has some flawed perception of reality and is projecting his flawed world view onto me. Its almost like a rape really.

[Reiwa]

In the industry we call it " Insulation " There was just empty space originally. This was out in Seattle so its probably intentional so the air can circulate and remove excess humidity since it rains 10 months a year. I had a ton of old construction material and garbage so filled the wall cavities when I was redoing the old burned 1960s wiring before covering it up with drywall. (No vapor barrier installed)

That place will probably be one giant mold spore in a few years.

The chimney was also broken and leaking so I went on the roof, put some electrical tape and JB weld over the obvious cracks and used a coat hanger to secure the assembly. I spray painted over that to match the color of the chimney. Very good obfuscation.

Glad they waived inspection because I really did not want to go under the house because of the rats/spiders and live electrical wire I forgot to secure. (Its on a 10 amp breaker so wont kill anyone that quickly)

They paid $320,000 for this hot piece of shit. Bag holder incarnate.

So this guy has some flawed perception of reality and is projecting his flawed world view onto me. Its almost like a rape really.

Pretty sheisty, sis.

[starkind]

You're selling happiness and wokeness to those that will survive the crucible. That's one way to look at it.

[alphys]

Pretty sheisty, sis.

Projecting societal mannerisms on others is a hate crime

[Reiwa]

Projecting societal mannerisms on others is a hate crime

The call is coming from inside the house, sire.

[Jibartik]

our entire economy is a psyop (I just like the intro song to this video)

BffrKEWN6pc

[Jibartik]

U.S. Federal Reserve says its goal is ‘to get wages down’ (https://mronline.org/2022/05/26/u-s-federal-reserve-says-its-goal-is-to-get-wages-down/#:~:text=“The%20present%20Federal%20Reserve%20chai rman,materially'%2C”%20Hudson%20continued.)

[Kaveh]

I just dont unerstand the gas price petro dollar thing, if we're not using gas then doesnt the us dollar collapse?

also ty gustoo seems to check out w. me

No because there still isn’t another game in town. The Chinese adjust their rates based on BS, the Japanese have deflation mostly. Our main competitors are the Euro, Swiss Franc, and pound sterling. All of those are similarly based on the strength of their respective financial systems

Our currency strength is based as much on the location of the global financial centers as anything else. That could change of course

As for 0% interest rates, if you guys want that to end, vote for people who care about the national debt. Federal govt’s interest payments in 2020 were $350 billion. This year they will top $1 trillion, simply because of the increased interest rate (that has way more of an affect than the $4 trillion ish added debt). We have to do BS at a central bank level (and so do the Europeans) because we keep telling ourselves national debt doesn’t matter. It absolutely does

[Kaveh]

Cashed out, zeroed debt, bought a beach condo, zero upkeep and direct ocean view. Keep holding those bags.

1. upkeep is a bitch, roof was falling apart and I used cardboard to fix the walls with spackle
2. Codes? wtf? I had power company disconnect power for one day then redid electrical box and told them I did nothing $0 cost
3. Buyers were immoral sodomites who waived inspection.
4. No insulation in house at all, stuffed with free blankets and construction debris

Now I am broke again, but I also qualify for food stamps, free medical, ect.

Only suckers are working in this world. Be a parasite and suckle off the ZOG blood

You’re too fat to get on a roof

[Jibartik]

As for 0% interest rates, if you guys want that to end, vote for people who care about the national debt

RPEu3B8eglA

[Reiwa]

RPEu3B8eglA

Orange monke wanted more inflation? He's complaining about the interest rate.

[Jibartik]

Orange monke wanted more inflation? He's complaining about the interest rate.

the sides in the civil war will be the fed globalists and the anti fed nationalists it's that siple.

[Reiwa]

the sides in the civil war will be the fed globalists and the anti fed nationalists it's that siple.

Ok well the fed just raised it to stymie inflation.

Guess it's Tromp fault I win again!

[Jibartik]

Ok well the fed just raised it to stymie inflation.

Guess it's Tromp fault I win again!

U.S. Federal Reserve says its goal is ‘to get wages down’ (https://mronline.org/2022/05/26/u-s-federal-reserve-says-its-goal-is-to-get-wages-down/#:~:text=“The%20present%20Federal%20Reserve%20chai rman,materially'%2C”%20Hudson%20continued.)

LE... sigh.

“The present Federal Reserve chairman, Jay Powell, came right out and announced that the Biden administration, Democratic Party policy is quote, to get wages down and then get inflation down without having to slow the economy and have a recession and have unemployment rise materially’,” Hudson continued.

The PPP loans are what did it, and now they want the workers to pay for it.

[Reiwa]

LE... sigh.

Turns out the years of cheap money under Tromp created the current crisis.

Who'd have guessed he was an incompetent boob?

[Jibartik]

Wrong but I know you want to blame one president, but I just dont understand why.

Was Trump right about the Fed and the need for higher interest rates all along? (https://www.cnbc.com/2019/08/07/the-trump-economy-once-drove-interest-rates-rapidly-higher-now-theyre-collapsing.html)

https://i.imgur.com/lzrKIkK.png

He tried to stop it, but the dems took it right back to where they want it (print money level interest rates)

under obama and biden, the amount of bailouts are astronomical. They just print and print and print and print. And cut the rates down to 0 so they can buy byu buy buy buybuybuybuybuy

[Reiwa]

Wrong but I know you want to blame one president, but I just dont understand why.

I'm wrong but you don't know why? How can that be?

[Jibartik]

Idk.

But if we took everything we've said before, the most right thing is that it's not 1 persons doing. Im not gonna sit here and say that I think trump is the messiah for any other reason than to hope that starts a global collapse.

But I will say that if you think it was trump that caused the inflation we didnt see at all until 2 years after he was president then cmon man.

[Reiwa]

Wrong but I know you want to blame one president, but I just dont understand why.

He tried to stop it, but the dems took it right back to where they want it (print money level interest rates)

under obama and biden, the amount of bailouts are astronomical. They just print and print and print and print. And cut the rates down to 0 so they can buy byu buy buy buybuybuybuybuy

The video showed him opposing rate hikes.

The chief executive spent nearly a year insisting that the Fed was getting it wrong, first urging officials to cut interest rates

Quite the pickle he's gotten us into.

[Jibartik]

Why did trumps opinion on the fed have a ripple effect on our economy 3 years later?

Why is that related to the price of oil, or the complete lack of relief the 2 year broken supply chain hasn't gotten?

Why are we unable to move goods around the country 2 years after trump was president, because of trumps policy?

Why are people not going to work today, because of trump 2 years ago? Why?

WHY?

[Reiwa]

Why did trumps opinion on the fed have a ripple effect on our economy 3 years later?

Time is linear.

Why is that related to the price of oil, or the complete lack of relief the 2 year broken supply chain hasn't gotten?

He allowed our refineries to close in the pandemic.

Why are we unable to move goods around the country 2 years after trump was president, because of trumps policy?

Cuz China mad trade war. They send empty container chassis back instead of loaded with goods.

Why are people not going to work today, because of trump 2 years ago? Why?

He oversaw the rise of the gig economy (Door dash, only fans, etc)

[Jibartik]

Time is linear.


why only his time? why is time = to trump and nothing else? Are you trying to suggest that trump is the alpha and the omega?

He allowed our refineries to close in the pandemic.

yes we were scared. He was against the virus and and insisted it wasn't dangerous at all and wanted to see if we could shoot light into the body to cure it so we wouldnt have to but YOU were scared, I was scared WE ALL were scared, so WE made that happen while he kicked and screamed the whole way.

Cuz China mad trade war. They send empty container chassis back instead of loaded with goods.


This is funny but you cant possibly believe that this is real. Trumps trade war pre-pandemic (that lowered costs drastically because he was winning) has nothing to do with a post pandemic/post trump presidency.

The ports that are uanble to remain open that Im talking about are in the USA anyway, not china. The infrastructure breakdown is because they tried to spend 22 trillion to fix 2 trillion worth of infrastructure and failed and spent 0.

He oversaw the rise of the gig economy (Door dash, only fans, etc)

The tech boom was 2008-2016 it was on a decline after trumps election when silicon valley went full politics.

[Jibartik]

Q: why is canadas inflation trumps fault? A: Because the WEF bankers that run the western goverments and worlds economy that printed trillions in all these countries wants you to think that.

Ng3n9jnS6NA

[Reiwa]

why is canadas inflation trumps fault

Ng3n9jnS6NA

reserve currency

[Jibartik]

Why is reserve currency trumps fault?

[Reiwa]

Why is reserve currency trumps fault?

Cuz the bad stuff he did here affects the whole world, because we're the reserve currency.

[Jibartik]

reiwa explaining why all economic downturns are trumps fault

https://i.imgur.com/Y9wvfF8.gif

[Reiwa]

reiwa explaining why all economic downturns are trumps fault

https://i.imgur.com/Y9wvfF8.gif

Do you need to take it that far to interrupt my very correct and handsome critique of his poor fiscal policy?

You can draw a straight line from his pressuring the fed to lower interest rates to now.

[Jibartik]

You basically are saying that the reason we have inflation today is because King Henry the 8th.

[Reiwa]

You basically are saying that the reason we have inflation today is because King Henry the 8th.

No you are.

the reason we have inflation today is because King Henry the 8th.

[Jibartik]

Well he was part of a secret cult that dates back all the way to 16 thousand yea--

--waitaminuet no I didnt!

[Reiwa]

Well he was part of a secret cult that dates back all the way to 16 thousand yea--

--waitaminuet no I didnt!

https://i.imgur.com/Q3Cn8CD.gif

[Kaveh]

Way more Jerome Powell’s fault than trump’s

But PPP and the $3 trillion spending wasn’t a good idea. We should actually double taxes on the obese. Two birds one stone

[Jibartik]

JP actually says we gotta get wages down to lower inflation last week lol the guy is a madlad

[robayon]

how do you interpret trump and biden agreeing on jerome powell, in a sense

[Jibartik]

16 thousand year old cult

[robayon]

16 thousand year old cultif that's the case why do you support one 16k candidate more so than the other. or why do you dismiss their similarities by saying 16k cult.

what are the differences between their regimes under the auspices of the 16k cult?

also no, i don't know what cult you're referring to and would welcome more information

[Kaveh]

how do you interpret trump and biden agreeing on jerome powell, in a sense

Low confidence in democracy at a tenuous moment and no one wanting to admit the emperor has no clothes

Also, neither Biden nor trump are very intelligent. I’m sure we have better leaders somewhere in this country

But it’s quite obvious that lobbyists and corporate profiteers have too much influence in the US. The moneyed class who don’t do honest work love the policies of Jerome Powell. He’s helped my portfolio, though if I had his job I wouldn’t make decisions based on helping Wall Street over main street

[robayon]

Low confidence in democracy at a tenuous moment and no one wanting to admit the emperor has no clothes

Also, neither Biden nor trump are very intelligent. I’m sure we have better leaders somewhere in this country

But it’s quite obvious that lobbyists and corporate profiteers have too much influence in the US. The moneyed class who don’t do honest work love the policies of Jerome Powell. He’s helped my portfolio, though if I had his job I wouldn’t make decisions based on helping Wall Street over main streetconnect the dots, comrade

[Jibartik]

The way trump was trying to get rates down to like 0 or less interest rates in 2019 during early covid made me feel like he was showing his hand a little too much that the powers that actually control the presidents chair were having a bit of a panic because of covid and were trying to have a fire sale basically to get Americans investing heavily and quickly so the ultra rich could hoard all the peoples wealth-- then when covid went full swing (which they knew about because it was planned) and the world had its financial reset that the WEF is trying to get us all to buy into, the people Trump worked for would have huge amounts of the wealth to re-position themselves with under the new world order.

[Kaveh]

connect the dots, comrade

Rich people are usually immoral. Doesn’t mean giving up freedom to a state that would just make others rich. Marxism is impossible and dumb (+ evil and gay)

Just need to ban lobbying and have a better electoral method than two parties that promote retards

[robayon]

Rich people are usually immoral. Doesn’t mean giving up freedom to a state that would just make others rich. Marxism is impossible and dumb (+ evil and gay)

Just need to ban lobbying and have a better electoral method than two parties that promote retardsWhy does addressing this mean giving up freedom to the state? I may use words like comrade but I am not a "pure" Marxist.

Also, how do you want to get lobbying banned within the two party system? How do you give third parties more power in this system?

[starkind]

Rich people are usually immoral. Doesn’t mean giving up freedom to a state that would just make others rich. Marxism is impossible and dumb (+ evil and gay)

Just need to ban lobbying and have a better electoral method than two parties that promote retards

I agree with Kaveh. The answer isn't more rules and the state just being the rich ppl instead. Gotta go the other direction totally.

[Reiwa]

Why does addressing this mean giving up freedom to the state? I may use words like comrade but I am not a "pure" Marxist.

Also, how do you want to get lobbying banned within the two party system? How do you give third parties more power in this system?

You might do something like banning party tickets and the runnerup becomes VP like they used to.

[robayon]

You might do something like banning party tickets and the runnerup becomes VP like they used to.I could get down with that. If we're forced with a two party system then I guess that'd force some kind of cooperation. Maybe. I feel like they'd find a way to shuffle that somehow.

I asked because I don't know either. I'd love to see lobbying go, especially. Or at least a whole hell of a lot more transparency.

[Reiwa]

Way more Jerome Powell’s fault than trump’s

But PPP and the $3 trillion spending wasn’t a good idea. We should actually double taxes on the obese. Two birds one stone

Tromp's 2.3tn tax giveaway probably added more money to the economy at present, due to primacy.

[Jibartik]

Tromp's 2.3tn tax giveaway probably added more money to the economy at present, due to primacy.

Actually no, it was most likelly bidens 9.12 trillion that did it, thanks to vanariabililty.

[Reiwa]

Actually no, it was most likelly bidens 9.12 trillion that did it, thanks to vanariabililty.

8IKSGFCn9vI

[hobart]

Way more Jerome Powell’s fault than trump’s

But PPP and the $3 trillion spending wasn’t a good idea. We should actually double taxes on the obese. Two birds one stone

PPP was a terrible idea.

I received $28K in PPP towards the end of the program for doing slightly worse than two years prior. Yet I was an "essential worker" and theoretically was allowed to work through COVID. So granted COVID presented challenges to my personal business, but was I not rewarded for underachieving? I don't even employ anyone but myself and only 50% of my income comes from my job...

Even if you do PPP, it should have been limited to paying rent and equipment/service leases for businesses that actually employ people.

[Jibartik]

6 Trillion is a lot, and trump is part of the conspiracy, but I assume that went to the initial coronavirus shit show and stimulus and us generally freaking out at the onset of Covid. Buying masks ahead of other countries and shit, all the wacko shit we were doing.

But id still like to see a detailed spreadsheet that says where the money went.

But aside from that 2.25 trillion...

What the f did we do with that 4 trillion?

What have we invested in, built, improved, refurbished, in the last 2 years, that would explain where that 4 trillion went?

https://i.imgur.com/IkX20zO.png

[Jibartik]

Damn if the 6.5 Trillion the richest 1% in america made in 2021 wasnt enough..

https://i.imgur.com/jkoRIek.png

Thanks Obama (for picking biden in 2008)

[Jibartik]

Wage inequality continued to increase in 2020
Top 1.0% of earners see wages up 179% since 1979 while share of wages for bottom 90% hits new low.

[Shourty]

I'm old, there was talk in the 50s about, "we need to get rid of the two party system".
We have to main parties, but there are others that aren't as popular. Green and Libertarian are two that just can't get enough followers to make a difference.
How are you going to mandate more than two?

[Jibartik]

Idk ban political organizations or something.

Make organizing a campaign illegal.

Make it so you cant spend more than 10$ on campaigns or something idk just make politics basically illegal and foster a small goverment.

[Jibartik]

Aslo this is the current state of things if you think my idea is crazy:

https://i.imgur.com/n17ZdKQ.png

[Reiwa]

Aslo this is the current state of things if you think my idea is crazy:

https://i.imgur.com/n17ZdKQ.png

Cuz those are smaller parts of the economy than the picture with words implies.

[Jibartik]

Show me the things that balance it out, i dare you.

[Homesteaded]

Eggs are very indicative of current state of affairs.

[magnetaress]

I'm with Jibartik on this one.

[Kaveh]

It’s 9.62% based on what my I-bonds are paying

Only calculated Q6 months though

[magnetaress]

I'm going to tell G-d I never owned a home. Or piece of land on this green earth. Let's see where that lands me. Probably with a lot less sin than most of ya'll.

The government is the beast.

[Jibartik]

https://wtfhappenedin1971.com/ we're still using the economic system the team with the 1 guy we actually impeached came up with.

Because he made the 1% the 1%

https://i.imgur.com/okYMVnn.png

[Reiwa]

https://wtfhappenedin1971.com/ we're still using the economic system the team with the 1 guy we actually impeached came up with.

Because he made the 1% the 1%

https://i.imgur.com/okYMVnn.png

Nixon goes to China?

[Jibartik]

yep, and gold standard swap.

Some of the first major steps towards a 1 world global economy.

Funny how once Americans started carrying the guilt and burden of the world on their backs, they no longer could live happy lives here.

[magnetaress]

sold out to the commies overseas

[Jibartik]

Damn dude, anyone who thinks the bildabergs are not running your life is just a guppy.

https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/

BANK OF AMERICA MEMO, REVEALED: “WE HOPE” CONDITIONS FOR AMERICAN WORKERS WILL GET WORSE
The financial behemoth privately fears that regular people have too much leverage.

A BANK OF AMERICA executive stated that “we hope” working Americans will lose leverage in the labor market in a recent private memo obtained by The Intercept. Making predictions for clients about the U.S. economy over the next several years, the memo also noted that changes in the percentage of Americans seeking jobs “should help push up the unemployment rate.”

The memo comes amid a push by the Federal Reserve to “cool down” the economy, informed by much of the same rationale — that high wages are driving inflation. This year, the Fed has increased interest rates for the first time since 2018. Historically, this has often caused recessions, and that is exactly what appears to be happening now.

It makes sense from their perspective because they make their money when people don't have enough money to pay for things outright.

If folks were paid enough and bought a house in cash, the bank is nowhere to be found in that deal.

If they're not paid enough, they have to put a down payment and get a loan. Now they're am paying the bank more than double what that property was worth over 30 years. You have effectively become an asset for the bank. The loan can also be bought and sold to other banks/investors as a security.

[Kaveh]

yep, and gold standard swap.

Some of the first major steps towards a 1 world global economy.

Funny how once Americans started carrying the guilt and burden of the world on their backs, they no longer could live happy lives here.

Lots of people are happy here man

You should check out Sri Lanka. It gets a lot worse

Plus, throwing out the baby with the bath water isn’t constructive. America is imminently salvageable. Carrying the burden of the world is what Christ did. It’s the burden of being the best. When you’re atop the City on a Hill, you look down at all the plebs scurrying around like dumb fucks and try how to decide best to keep them from killing one another. It worked pretty well for 80 years now. If it breaks down because everyone embraced spite and resentment, well, a century of Pax America is pretty damn good

God bless! Watched the blue angels in anchorage today, with an appearance of F-22s. Got a boner

[Reiwa]

Plus, throwing out the baby with the bath water isn’t constructive. America is imminently salvageable

Eminently.

[Kaveh]

Eminently.

You are correct sir

[Jibartik]

You are correct sir

Do you know what he means?

[Reiwa]

Do you know what he means?

Grammar (https://www.dictionary.com/browse/immanently)

[Jibartik]

Anyway: Government spending, while raising the interest rates is about as hostile of a move as management can take.

Loans for the but not for me!

[Jibartik]

The chairman of the U.S. Federal Reserve, Jerome Powell, said his goal is “to get wages down.”

91piDvVb8Y0

[Shourty]

Ya know.......back when I was a kid, well, maybe a young man I guess, I remember when we would.....ummmm. No, I don't remember that anymore.

[Jibartik]

House prices are so much more inflated than groceries right now.

Sometimes I wonder if that means the actual inflation rate is like 500x what they think/say it is.

Like we just have such huge wage gaps in this country, and instead of that causing a revolution, they've figured out how to just like, slowly make the shit peasants buy increase in price, while the stuff rich people buy (homes) are totally unattainable with current salaries thanks to the actual (wage gaped) inflation rate.

It's all a giant scam.

[Duik]

SYDG house.

Also
Letting corps buy (thousands of) houses does nothing except filter more money from (us) to (them).

[Ciderpress]

I miss Jib :(

[Reiwa]

SYDG house.

Also
Letting corps buy (thousands of) houses does nothing except filter more money from (us) to (them).

Google is free (https://www.whatisyour1more.com/blog/ep-94-wall-street-will-own-40-of-all-single-family-homes-debunked)

[Ekco]

BWo0HvPpEtw

I'm waiting for this to happen unironically. nobody brings up this Greenspan gaft (aka getting caught telling the true) anymore.

check out homeboys reaction when he says the quiet part outloud

[Reiwa]

BWo0HvPpEtw

I'm waiting for this to happen unironically. nobody brings up this Greenspan gaft (aka getting caught telling the true) anymore.

check out homeboys reaction when he says the quiet part outloud

You probably already know this, but the idea that a sovereign that issues its own currency cannot go bankrupt is called modern monetary theory(MMT).

It is, of course, bullpucky.

e: nice

[Ekco]

it literally isn't.

if we were still on the gold standard, how many 1929 crashes you think we would have had by now?

i used to be a Ron Paul/Rick Rule/Peter Schiff guy thinking sound money was the answer. it's literally just boomer cope, the debt doesn't matter and never did.

[Reiwa]

it literally isn't.

if we were still on the gold standard, how many 1929 crashes you think we would have had by now?

i used to be a Ron Paul/Rick Rule/Peter Schiff guy thinking sound money was the answer. it's literally just boomer cope, the debt doesn't matter and never did.

Are goldbuggery and MMT the only two choices? You might be on something here.

[Reiwa]

I happened across a datapoint (https://en.wikipedia.org/wiki/Concord_Coalition)

"I'm not trying to play Santa Claus." (https://en.wikipedia.org/wiki/Paul_Tsongas)

[BigChief]

Make Airbnb illegal, that would help. My house in Utah is $800 a night during ski season

My maid charges $1,200 a night for her place.

[NopeNopeNopeNope]

My maid charges $1,200 a night for her place.

Pfft I can find a maid-outfit in-call for cheaper than that. Blonde, and told her name is Christie and to respond only to Christie

Now let’s see Paul Allen’s place

[maddysinko]

It’s definitely frustrating trying to make sense of the housing market right now. The supply-and-demand explanation makes sense at a basic level, but there are so many other factors that complicate things, zoning laws, material costs, labor shortages, and investors buying up properties for short-term rentals. It’s not just about being able to build more homes; it’s about where, what kind, and who’s actually able to buy them.

For people investing in real estate, tax strategies can make a big difference in profitability. Using cost segregation tax strategies (https://costsegregationguys.com/cost-segregation-tax-strategies/), for example, can help property owners free up cash flow by accelerating depreciation, which makes reinvesting in properties a lot easier.

[Duik]

Ohh i see bottysinko. Please link more shit websites for me to ignore. Please. You are so engaging. Tell your Botasaurus your mission is accomplished.

Good fucken grief.

[Reiwa]

Is that sinko the important elf?

[Knuckle]

I am having a hard time understanding the housing market.

I often hear this one response when someone points out that millennials can't afford to buy one:



But.. Am I the only one that is like, wait we're at maximum occupancy here? There are more people than homes can be built? :confused:

Like...

Are we at a lack of supply because we could have many more houses than we have, but we just wont build them?

Or are we at a lack of supply because we're reaching maximum occupancy and no mater how you shake it, we're screwed?

I just seem to think that if we have more demand than we have supply of homes, that it's not a solvable solution.

Do we think that new towns are going to open up in Nebraska and that will solve the housing issue?

I just dont see how supply of homes being a problem can just be fixed. :confused:

Housing Market issue is a combination of:

1.) Way less buying power compared to prior generations.
a.) Inflation
b.) Wages not matching inflation.

2.) Rise of homes to rent.
a.) Companies/Frat bros buying houses as investments to rent.
b.) Air BNB from middle class taking homes off the market.

Other factors of course, now interest is higher than 4 years ago.

Never just one thing, but if we want to get political, we could talk about making rent-control a nationwide mandate. There is one class of humans I don't care to see hurt by financial losses, and that is landlords. I am my own homeowner and using other peoples need for shelter as a means to profit has been a source of untold misery in this world. Apartments in my city have increased like 40% in 4 years? It's insane. Also, if you own more than one home, you should pick up....90% of property tax in your state. Homesteaders should cover 10%. Have a nice day.

[Duik]

What Knuckle mostly said.
We have negative geqring here. May be called something else elsewhere. It rewards multiple homeowners unfairly. Allows fastwr growth than would be otherwise possible.

[shovelquest]

So immigration is the cause of the rising housing prices. Got it.

[Trexller]

So immigration is the cause of the rising housing prices. Got it.

50% immigration, 50% private equity investment has fucked the real estate markets in the entire developed world

we need laws that if you own more than 2 houses, the public is allowed to set the third or more on fire

legally, corporations are people

[Reiwa]

50% immigration, 50% private equity investment has fucked the real estate markets in the entire developed world

we need laws that if you own more than 2 houses, the public is allowed to set the third or more on fire

legally, corporations are people

This the blackrock thing? It ain't true in the way you probably think.

[shovelquest]

This the blackrock thing? It ain't true in the way you probably think.

Propaganda. It is true that speculators are causing the rise in housing prices, and it's not true that they are not. The studies that say otherwise are lies and internet slop articles.

[Reiwa]

Propaganda. It is true that speculators are causing the rise in housing prices, and it's not true that they are not. The studies that say otherwise are lies and internet slop articles.

Not every home is purchased every year.

https://yarn.co/yarn-clip/46fdd6fc-0815-4d0a-86d1-ec9b273ff43c

[shovelquest]

Not every home is purchased every year.

https://yarn.co/yarn-clip/46fdd6fc-0815-4d0a-86d1-ec9b273ff43c

Any link you give about this is propaganda. Written by people who make money off buying and selling homes.

I could show you a link that says inflation is transitory for every one of the links you gave me about how the rich are not fucking the poor over by buying and selling homes like they're shares in the stock market.

When it comes to home ownership. I am a (national) socialist.

[Reiwa]

Any link you give about this is propaganda. Written by people who make money off buying and selling homes.

I could show you a link that says inflation is transitory for every one of the links you gave me about how the rich are not fucking the poor over by buying and selling homes like they're shares in the stock market.

The claim about Blackrock isn't supported by it's own presented evidence. It's just statistical innumeracy.

[shovelquest]

The claim about Blackrock isn't supported by it's own presented evidence. It's just statistical innumeracy.

It’s a red herring or strawman. It’s not black rocks fault. It’s the thousands and thousands of 2+ person investment groups that are doing the same thing, that the studies leave out of their math.

[Reiwa]

It’s a red herring or strawman. It’s not black rocks fault. It’s the thousands and thousands of 2+ person investment groups that are doing the same thing, that the studies leave out of their math.

So you agree the claim about Blackrock is not true.

Thanks! That helped!

[shovelquest]

So you agree the claim about Blackrock is not true.

Thanks! That helped!

I agree that it's a red herring strawman, yes.

Elon musk also is not the 1 source of all of the problems in the universe either.

[Trexller]

This the blackrock thing? It ain't true in the way you probably think.

blackrock is just a part of it all. alot of private interests are turning to real estate for reliable investments

even retirees are holding onto their homes and buying a vacation property because why not there is no financial incentive to downsize anymore

[atomicpaul]

the structural flaw is capitalism, and deregulation ain't gonna help. orange man has a long history with real estate interests. the fact that he's one of the few people to bankrupt a casino is (probably) not a blunder, it's (probably) how he launders money for the mega-rich that he works for.

but high housing prices does serve the goals of those who are waging the class war on us, as it helps maintain a sizable population in poverty on the brink of homelessness. if the threat of homelessness and the violence that comes with it wasn't there, the american system of capitalism would not have as much leverage as it does.

add in the leverage employers have with healthcare plans and you can see what i mean about class war.

unless you're trained not to see it, of course.

[Reiwa]

and deregulation ain't gonna help.

Many local regulations are tantamount to bribes to the planners office!

In WA they also make you pay for gopher impact studies and mitigation.

Home rule is a pox on these lands.

I hope this has been helpful.

[Reiwa]

Housing Market issue is a combination of:

1.) Way less buying power compared to prior generations.
a.) Inflation
b.) Wages not matching inflation.

2.) Rise of homes to rent.
a.) Companies/Frat bros buying houses as investments to rent.
b.) Air BNB from middle class taking homes off the market.

Other factors of course, now interest is higher than 4 years ago.

Never just one thing, but if we want to get political, we could talk about making rent-control a nationwide mandate. There is one class of humans I don't care to see hurt by financial losses, and that is landlords. I am my own homeowner and using other peoples need for shelter as a means to profit has been a source of untold misery in this world. Apartments in my city have increased like 40% in 4 years? It's insane. Also, if you own more than one home, you should pick up....90% of property tax in your state. Homesteaders should cover 10%. Have a nice day.

Fairness doesn't come into it. Less housing will be built if you introduce price controls.

[atomicpaul]

if that was an admission that you aren't on board with dumbass, short-sighted libertarian housing policy, heard.

i got family in japan. it's even stupider there. they have now what the rest of us will have in ten years: 50% abandoned structures.

homeless problems really chap my ass when i see all these abandoned strip malls doing absolutely nothing around my area, and yes, there's entire camps within less than a mile from where i live, as we're near big-network train tracks in the exurbs. where are these deregulation folks, then? republican policy seems incomplete in the actual counties it controls.

admittedly, no, the neoliberal right-wing democrats don't have a plan for this sorta crap, either. i can see why the orange man is appealing if you're a low-information consumer. our closest cook-out has been closed for months, you have to go one entire mile to get a burger for three bucks

[Reiwa]

homeless problems really chap my ass

a large number of them are military veterans

fuck them troops (https://thehill.com/opinion/national-security/4304058-how-runaway-disability-compensation-is-straining-veterans-affairs/)

[shovelquest]

the structural flaw is capitalism,

No the structural flaw is anarchy, the housing market is not regulated properly like a capitalist market is.

tariffs??? capitalism requires regulation.

Regulating home ownership would not hurt our industry one bit, and that's all that matters in a country.

Stop blaming the wrong thing. The alternative to capitalism is 50,000 unit cement apartment blocks.

Or RPGs at eachother's temples.

[NopeNopeNopeNope]

Free houses are great but it’s a small % of the homeless who have the capacity to make a free house work

Section 8/HUD housing will kick you out if they find out you are doing hard drugs in there. Problem is they almost never find out

You would need to screen for particular homeless to give the house to, starting from the top working down for ones without a crippling substance abuse problem, without crippling mental illness, and ideally without a cripplingly low IQ, which a lot have. I mean, you could give the houses to anyone of course, but if the goal is for the house to be a road to self-sufficiency, those at the top of that hierarchy I described are the most likely to have that happen for them. The rest are likely to either leave the house or destroy it

So do we do the kinda mean thing and help out starting at the top of the bottom of the barrel first, or do we waste houses? (Making them super hard to destroy could help but the lowest functioning homeless are likely to leave them eventually anyway)

[shovelquest]

Homeless people are not struggling

that narrative is such a genx melinial day dream.

They're the ultimate libertarians and proud of it.

[maddysinko]

Yeah, the housing market has gotten bizarre, especially if you're looking for something decent that's not a luxury build or tucked far outside of town. I've been trying to move closer to work, but the only things I can even come close to affording are an hour out with no real neighborhood structure. Most newer builds are too big, too flashy, and definitely not priced for a single person or even young couples just starting out. It's frustrating when even basic starter homes now seem to require two solid incomes and low debt.

When my cousin relocated recently, she didn't even attempt to buy—just used movers and committed to renting for now until things cool off. She used Three Movers (https://threemovers.com/) for her long-distance move and said the process was surprisingly smooth and quick, which helped ease the stress a bit.

[Skyking]

—

should prolly vibe code the em dash out of your bot spam

[NopeNopeNopeNope]

Does it count as touching if it steps on my face