Home Ownership

[Reiwa]

Originally Posted by Kaveh [You must be logged in to view images. Log in or Register.]

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

Eminently.

[Kaveh]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

Eminently.

You are correct sir

[Jibartik]

Originally Posted by Kaveh [You must be logged in to view images. Log in or Register.]

You are correct sir

Do you know what he means?

[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/...ditions-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.

[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.”

[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).