Is There A Housing Market Collapse Coming?

[jjgold]

That would be great if interest rate for 15% can you imagine the money you could make in the bank?

 

[djefferis]

That would be great if interest rate for 15% can you imagine the money you could make in the bank?

Only does you any good if you:

- have a large amount of savings and no other debt
- Don’t rely on that interest as an income stream - if your for example a pensioner and take the interest to live off of - maintaining the principle and cost of goods is going up 20% - making 15% doesn’t do you a lot of good.

Overall - we have depressed interest on cars/houses as historically those have been “safe” loans for banks to make. Problem is way too many people stretch themselves thin with unsecured loans and when shit goes down - no one ever imagined owners would just walk away and start over.

Now we know that will happen and banks are more cautious building in a layer of protection (higher rate) to ensure a profit. Eventually 1 of 2 things happen - someone gets greedy and tries to undercut everyone else pushing rates artificially low again and we repeat a housing market crash in the next mild depression or banks make obscene profits for an extended period of time. 2 guarantees that 1 will happen - greed will always see someone seeking to take advantage of 1.

I’d seriously be happy just tossing a mobile home or cabin on a large plot of land and living there. No need for this “fancy” house and all the new cars. Self reliance is where it’s at.

 

[KingKolzig]

A lot of those weird looking child molesters sitting in $18,000 knicks seats today will find a way to profit from this misery

Lightbulb.com

 

[KingKolzig]

Good luck with killing Christianity even more!

 

[aikman.tr]

Good luck with killing Christianity even more!

The quran and full burkas coming to a 7-11 near you

 

[phillyflyers]

The quran and full burkas coming to a 7-11 near you

Between them and the spooks I don't know who I would eliminate first.

 

[edawg]

Market is hard thought I had a deal for a small house with 10 acres from a Native American shook hands and told him we had a deal if it comes with "running waters" he told me to go to hell and get my own damn wife.

 

[jjgold]

Stocks are going to boom

Trump policies are outstanding for a great American economy