Thread 60719345

>>60719345 (OP)
You told me I was buying a bubble in 2020

>pumps 40% in 2 years
>-3.7%

Its over

>>60719345 (OP)
Eastern Europe level towns nobody lives in have 2022 prices?
That's not news

>>60719353
This ain't like your crypto stories, mate.

whatever crash you fantasize about happening:
>1. it will be nowhere nearly as big as you need it to be and recovery will be quick
>2. it probably won't even happen since trump is gearing to indulge in inflationary policy

because it's all about the money supply
it's not blackrock, not the greedy boomer landlords, not speculation, nor any other conspiracy you ever come up with
but if you tell the masses what is going on and what needs to be done, they will just dismiss you as an austerity psychopath

>>60719444
What does need to be done, generally?

>>60719467
A 0% inflation upper ceiling
Inflationary policy never guarantees that the increase in productivity will counteract the decrease in buying power, though politicians who push for it universally claim it will to justify it
>"If all prices go up 5% but your wage goes up 20%, you will be better off!"
It's almost certainly no longer politically possible even if the goodwill existed (it doesn't)

Thats the contango of real estate. Who the fuck wants to live in those places. They're called fly over states for that very reason.

>>60719365
How is Denver Eastern Europen level?

>>60719353
In the Denver metropolitan area, where inventory is now 88.1 percent higher than pre-pandemic levels, the median list price of a home was $609,950 last month, down 3.6 percent from a year earlier, according to Realtor.com.
88% more inventory nigga
https://www.newsweek.com/map-shows-cities-where-house-prices-being-cut-most-2098988#:~:text=In%20the%20Denver%20metropolitan%20area,%2C%20according%20to%20Realtor.com.

>>60719527
What specifically happened in the 70s that allowed this increasing disparity?

>>60719658
go back to pmg retard

>>60719664
I don't see how that answers my question anon. What could have caused this clear and obvious departure from the previous trend? I really don't know.

>>60719684
Whatever you do don't say it was Nixon defaulting on the US debt in 1971.

>sanctuary city, infinity illegals and homeless
:D
>remove all that, must prove citizenship
;(

>>60719345 (OP)
>3.7%
Fucking nothing burger
We need it to go down 50% in the whole country

>>60719812
Blackstone and Black Rock have done more to fuck the prices than any undocumented migrants, chudfag

>>60719833
This. Highest cost of living places in the US are not because of illegals lmao.

>>60719833
It's even simpler than that. It's just boomers and roasties taking their homes off the market when the offers don't match the fucking zestimate instead of just reducing the fucking price

>>60719853
>It's just boomers and roasties taking their homes off the market when the offers don't match the fucking zestimate instead of just reducing the fucking price
If that's the case, the only way to force the issue is that they just don't pay their bills.

>>60719702
Kek, ooooh home owneeeeeeeeers

>>60719702
So... where'd all that money go?

Funny, same thing has happened in Helsinki here in finland. Maybe the eternal boomer bubble of housing is finally bursting.

>>60719444
>be chud
> rant about le hecking masses to feel superior on the internet
> still be chud who knows nothing and owes nothing
What exactly is the point of posting shit like you do and screaming into the void?

>>60719812
How can someone born in the US prove their citizenship before getting deported?

>>60721985
I have a birth certificate, formally notarized from the hospital where I was born, as well as a social security number and card which was issued to me, and a passport. All of these verify my status as a US citizen. My fingerprints are in federal databases, as well as my facial recognition data which is now used any time I reenter the country. It would be very easy to validate my status as a US citizen.

>>60719345 (OP)
They say this but I bet not a single renter's rent went down, and only new listing's did.

>>60723611
Do you have your birth certificate and passport on you at all times? No?

Well, too late. You already got deported because no trial, no chance to present that info.

>>60723659
I have my SSN memorized and my passport card and REALID on me at all times.

Nice try. Also I'm white.

>>60720737
Israel is in a really tough spot, bro. We had to help.

>>60719444
okay now do one that is prevailing monthly mortgage $ vs. m2 money supply.

>>60723666
>Implying they'll give enough of a shit to listen and not just discard your passport

>>60723666
When the time comes I hope that's enough.
People have gotten deported with all those things on them.

>>60719580
>Thats the contango of real estate. Who the fuck wants to live in those places. They're called fly over states for that very reason.
When people say flyover, it's technically Colorado, but I think they mean more like Kansas, Iowa, ohio, southern Illinois.


Denver was already expensive in 2020. Going back to 2022 pricing is barely a concession off of that pressure cooker. Denver incomes suck vs the cost. I would only do it with a 200k remote tech job.

Pretty much every couple from actual flyover country fantasizes moving to Denver for at least a year, so it's crowded as fuck

>>60723687
>>60723715
Literally as soon as they point the ICE camera at my face, the system will show the amount of taxes I've paid over my life so far. They'll hand me a cup of coffee and a donut and pay for my Uber home.

I hope they deport every single illegal and moron who was such a piece of shit they couldn't be positively identified in 2025

>>60723777
ICE stands for israeli anti-criticism enforcement . illegals need to stay because who else would work the fields o algo. we found antisemitic comments from an IP address linked to your Real ID™. please report to alligator alcatraz within the next 48 hours or a warrant will be issued for your execution.

>>60719345 (OP)
WOW! Wake me when we are back at 1990s levels and not 2.5 years ago.

>>60723799
>Wake me when we are back at 1990s levels and not 2.5 years ago.
Exactly.
Denver housing is like a tier 2 or 3 bubble. 1 step back is not a reset of the board to sanity. Not even close

>>60723686\
>monthly mortgage $ vs. m2
that wouldn't provide very useful information because the interest rate would be hidden

include interest rate data, then realize that interest on mortgages is artificially reduced to a massive extent through government programs as a treat for the poor, then the situation becomes clear

denial is easier though

>>60724334
>that wouldn't provide very useful information because the interest rate would be hidden
are you an actual retard?

>>60719345 (OP)
But internet communists told me rents always go up because le landlords are greedy and control rents with an iron fist?

>>60719467
>What does need to be done, generally?
Abolish central banking/fractional reserve banking.
Abolish zoning laws like Japan.

That's literally it.
Ignore leftist retards saying insane shit like "decommodify housing".

>>60724366
>Abolish central banking/fractional reserve banking.
most commercial banks are nowhere near 0% reserve requirements. enforcing reserving requirements won't making housing more affordable.
>Abolish zoning laws like Japan.
won't fix anything as prices will be bid up with borrowed money.

>>60724356
I can't communicate with the brainwashed, sorry

>>60724381
>most commercial banks are nowhere near 0% reserve requirements. enforcing reserving requirements won't making housing more affordable.
Yes it will. Most mortages come from new money printed out of thin air. That's what creates these speculative bubbles, money printing.
Housing happens to be extremely sensitive to it because mortgages are a popular form of debt.

>won't fix anything as prices will be bid up with borrowed money.
Putting new units on the market will lower prices.
and that newly borrowed money mostly comes from newly printed money. Take away the punchbowl.

>>60724398
>tranime image
>functionally retarded
let's take a step back. i asked for a chart of monthly mortgage payments because i'm too lazy to calc it myself. you mentioned that providing monthly payments would "hide" interest rates. are you really too retarded to back calc the principal given a prevailing rate, an average down payment, and an average mortgage term?

never mind that monthly cash flow is the only pertinent concern for the average american.

>>60724415
>Most mortages come from new money printed out of thin air.
go look up the balance sheet of fannie mae and freddie mac right now.

>>60724421
>anti-anime tourist
>random seething at america
again, emotional like all brainwashed people

but it is very simple: a loan is principal + interest
juxtaposing m2 supply with just average monthly payments wouldn't be useful data because you would be missing out on interest info, which is a massive decisive component of mortgage payments

interest rates on mortgages has been steadily declining for a long time by absurd amounts to keep prices under control
but you can't go below 0 so now the joke is about to end

>>60724433
>go look up the balance sheet of fannie mae and freddie mac right now.
what does that have to do with anything?
Also private banks print money out of thin air

>>60719527
do u have a discord or tg handle OP?

>>60724433
explain sir

>>60719345 (OP)
nice link faggot here's a real discussion.
https://www.thebignewsletter.com/p/messing-with-texas-how-big-homebuilders