If the housing market collapses, is it smart to default on your overpriced loan?
Bamp
It is almost never a good idea to do this
HARP refinances were invented so you wouldn't have to do this. google that shit. gayyyyyyyybuh.
Didn't know about this. Thanks gaybuh
Do you guys think a crash is coming?
i got about 60k saved up, would be great for me
If the house sells during foreclosure for less than you still owe it's called a deficiency and in every state but Alaska and Oregon they can come after you for the rest. Then you would have to file bankruptcy to get out of that.
I'd like to hear of a way around this, as I'm sure there is one, but I haven't found anything yet.
>i got about 60k saved up, would be great for me
I said screw it and took my down payment savings and put them into vangaurd health funds. I'm too scared to buy a house now, and if house prices keep rising so will stocks so who cares. It's not like I'll miss out of because of that.
So when the housing market collapses you’ll have 30k to buy a house?
guys whats the best way to finance a new house?
is there any kind of 1% mortgage for new home buyers or shit like that?
how are rates these days? and do you think theyre going to get better?
>when the housing market collapses
>implying I should sit around with cash waiting for the collapse
That's not happening with Trump in charge. And I stand to lose more by not participating in the market than by not timing it perfectly.
Yes but first rent it out immediately and get first month last month and one month security deposit
are you kidding, do you actually think trump knows what hes doing, come on guy.
the stock market bubble will pop eventually
Yeah, well just file fucking bankruptcy then. Store all of your financial assets in monero until your bankruptcy is released.
The POTUS has very little control over the upcoming housing market crash. Plus, don’t you think his people could be poised to start buying up a ton of cheap real estate if it did?
> stating that trump isn’t the perfect fall guy to dump the market crash on
why do you think a crash is coming guys?
I was about to fap to this but then I realized she has a fucking mullet lmao
Yeah debt is higher than 2008
Yes. I stopped paying my mortgage on my condo and lived rent free for 1.5 years. They finally sold it to a Chinese investor. I talked to him and rented it right back for 70% of what I was paying.
Didn't have to move and the bank gave me 10K to cover "moving costs"
Fuck the banks
I also figure people are more poor now, less and less people can afford to buy a house.. I have to imagine prices have to drop.
>That's not happening with Trump in charge.
He's already fucking the agriculture industry and everything else he touches goes bankrupt. washingtonexaminer.com
I love how people analyze his policies like he knows what hes doing or has a plan.
This "give everyone tax cuts for a few years, and try to give millionaires a tax cut forever so everyone likes me while I throw everything on the American Deficit credit card" economy cant sustain
USA is full of con-artists and uneducated, impressional people. Unlike other industrialized nations, USA values emotional reactions over critical thinking and evaluating facts. Trump and his constituents, and the far-left are a perfect representation of this.
You said it pahtnah.
Still want to get more views on the housing market though all.
Fuck those welfare shits
because were not inbred retards
Ur fucking retard
In 2007 when the housing market starting dropping fast, I stopped paying the mortgage on my condo. I lived there for 8 years until the end of 2015 without paying the mortgage. At the end of 2015 when they finally wanted to come take it, i went to court against them by myself twice and stalled them using legal terms i found on google. Then after there no more stalling i could do, i walked away from it. Not a single fuck was given that day, or even that 8 years.
I stuck it to the man, and it felt so fucking good for that whole time.
no no, im asking for specific trends and shit, what are the signs, and what are your predictions?
so stock market specific, you believe will cause a housing market crash
The jews (aka the Federal Reserve) are rapidly raising interest rates to cause an economic crisis. Follow the jew
Yeah but now you rent from a dirty Asian man like a peasant in your homeland.
any guess on timeline?
My guess would be that financial markets take a turn for the worse right around the next presidential election season. TPTB do shit like this all the time to manipulate voters while also passing BS legislation that serves them best at a rapid pace while the publics’ eyes are fixated on the small picture “tragedy”. Sleight of hand.
kek you actually think this would work
Why wouldn’t it?