can someone explain to me about the 2008 housing market crisis? how did it happen and do you see something to the same degree, or even worse, happen again in the next 5 years?
Can someone explain to me about the 2008 housing market crisis...
Jack Ross
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Zachary Anderson
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Caleb Nguyen
The short answer is no. I see a lot of people on here pretend there's going to be another housing crash. No, there isn't.
The future is more and more mass immigration. What is the one thing people need? A place to live. What is finite? Land. What gets built slower than demand? Housing.
Due to mass immigraiton, housing prices will INCREASE. Just look at California, it is the land of the new "Landed Gentry." There are people there who are making 6 and even 7 figures just renting our their grandmas old houses she bought in the 50s.
Relatively soon, this Californian-esque real estate market will spread throughout the rest of the states and western world. It's no longer going to be a city problem, it's going to be everywhere.
In a nutshell, stop saying the housing market is going to crash, because smart money is buying up land in the midwest and non-coastal states as we speak to rent out to the future goblin population. I am not going to cast too many pearls before swine, but anybody with an IQ greater than 110 should be able to figure out where the next boom markets are going to be.
Easton Davis
Housing market = Crypto market
Now you know.
Jace Bennett
>Jews accept anyone and everyone for a mortgage, including lots of people who clearly couldn't manage it
>package these loans into what is called collaterized debt obligations
>fraudulently rate packages higher than they should be
>sell them off to other banks
>no one cares because everyone is making money
>everyone wants to buy a house, prices skyrocket
>all is fine until people start defaulting on their mortgages en masse
>house of cards comes falling down
Aiden Price
Wasn't the last housing crash at least in part due to banks being incentivized to offer loans to risky customers such as the immigrants you mention? Land may be finite, but qualified buyers are finite as well. Mass immigration in your model would only cause another bubble.
Chase White
Housing market won't crash similarly to 2008 but if we see a financial market crash the housing market will take a hit simply due to demand dropping and prices lowering in response. Won't be anything like 2008. Some markets which are hot now will likely only drag their feet a little.
Angel Baker
housing crash was due to lowered standards in mortgage lending and rampant mortgage fraud as a result, as well as mismanagement of loan documentation. without the government stepping in and 5xing the monetary base for the next 10 years basically giving the banks a bunch of free money the entire entire global system would have come to a standstill and there likely would have been the breakdown of society as the vast majority of banks would have failed, although they could have taken that route and then literally printed dollars with the FDIC to make all depositors whole, but that would have been bad for the bankers so they just made a bunch of fake money. the next crisis won't be similar because lending standards have been kept strict for the most part. The crisis in play is a monetary crisis bigger than ever seen in history, it's uncertain how it will play out as far as I can tell, but it's the biggest reason I like bitcoin
Jackson Roberts
And thats exactly why you buy now meaby? To sell at the top of the bubble?
Dont be a pussy
Charles Turner
You're making the argument for long term bullishness on housing. This says nothing of the short term outlook. The 2008 housing crash only lasted a couple years.
No matter how fast beaners reproduce, you're going to be waiting centuries before they fill up vacant land in flyover states.