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Property prolapse begins in the West.
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2022-06-12 at 11:52 PM UTC
Sales of luxury homes tumbled 17.8% year over year during the three months ending April 30, the largest drop since the onset of the pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%.
https://www.forbes.com/sites/brendarichardson/2022/06/10/luxury-home-sales-sink-18-in-biggest-drop-since-start-of-the-pandemic/?sh=134e7fad9895
It starts at the upper end due to all the population increase driving up the raw demand.
"The MBA Mortgage Market Index in the United States decreased 6.5% to 288.40 points in the week ended June 3rd 2022. It is the lowest level in 22 years as applications to refinance a home dropped 5.6% and those to purchase a single family home went down 7.1%."
https://mishtalk.com/economics/sellers-have-lost-control-of-the-housing-market-but-what-about-rent -
2022-06-13 at 12:24 AM UTCThe boomer dream of owning your own home fresh out of highschool is DEAD and I hope they all choke on their spittle.
Everyone was wrong. Houses, Stocks, cash, gold, investments is all a boomer kike bubble. None of this shit is needed.
Instead of working for a company pension and buying a house we should have been learning skills and building our own value instead of buying someone else's value and calling it our own. We should value owning industry and living in tents over commuting 1 hour to work in your car you bought on loan from the bank and coming home to your mortgage and family of immigrant renters living in the basement.
Buying a house is investing into society and right now if a boomer tried to panic sell me their 4 bedroom house in a nice neighborhood with a garage for $100k I would tell them to go fuck themselves I would rather go live in the woods and build rockets and a cocaine based smart money.
We already own nothing so WHAT MORE IS THERE TO LOSE
I'll be happy when i'm dead! -
2022-06-13 at 4:34 AM UTCBut work is so much fun and without debts and bank accounts how would you know what your FICO score will ever be n stuff.
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2022-06-16 at 12:10 PM UTC
Canadians are going to get fucked up. -
2022-06-16 at 12:17 PM UTC
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2022-06-16 at 6:05 PM UTC
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2022-06-16 at 6:06 PM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2022-06-16 at 8:28 PM UTCLOL That question was probably real.
