HAPPENING: HOUSING PRICES DOWN EVERYWHERE!!!
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Good. Housing is retardedly expensive in the entire western US
Mine is up 100k
>everywhere
... in California
Seriously though, housing prices are stable in most of the non-liberal areas including metropolitan areas. Just not in California or other extraordinarily high house pricing areas. Seriously did these liberal leftist progressive idiots think that their property and home was worth multiple times of what it was in 2005 prior to the huge recession? The rest of us are lucky to be at or above that level finally but these fucking jewish retards thought it was okay to pretend the past 12 years never happened and jump right to the trajectory they thought they would have been at
The fraudsters who run the banking system were all too happy to inflate the housing bubble that has devastated this country with neutron bomb style efficiency.
the Fed's inflationist policies as the source of asset bubbles and mal-investment.
the Fed's low interest policies and mass migration have created asset bubbles by funding speculation at low rates, and how the US financial system has become increasingly dependent on the expansion of debt.
Unfortunately, the role of the US central bank goes beyond benign neglect. Over the past several years, the Fed actually has been quite aggressive in arguing why excesses are not bad. That was the case when it repeatedly justified the equity bubble on the basis of the so-called productivity renaissance of the New Economy. It has also been the case when the Fed has argued that America is not suffering from a debt problem, nor a twin deficit financing constraint. By serving as a cheerleader when financial markets are going to excess, the Fed is losing its credibility as an objective observer. It is no longer the tough guy that relishes the role of "taking away the punchbowl just when the party gets going" — to paraphrase the legendary mantra of former Fed Chairman William McChesney Martin. By condoning excesses, the Fed, in effect, has become a stakeholder in the carry trades it spawns.
the asset bubbles inflated by central banks have enriched the top 10% of households, which own over 75% of all assets and take home over 50% of all household income.
Private Equity firms are on track to own the entire housing market, thanks to Fed-induced crashes
boomers just sell their shit to wealthy chinese
the globalists send our indistries and jobs to shitskins in asia and the tropics
The fed controls inflation by importing millions of shitskins to lower wages and increase unemployment
The fed props up the gutted economy by creating and inflating asset bubbles
Just point out the numbers. It doesn't even have to be due to immigration.
More people = lower wages
More people = higher housing prices
And who do you think is lobbying for politicians to bring those cheap brown migrants? The bourgeoisie who hire them... This IS a warfare situation
Federal Reserve created hyperinflation and asset bubbles that benefit the globalists over the goyim.
The globalists own a disproportionate amount of assets such as stocks, bonds, and housing, the middle class are often house-rich and asset-poor, while the poor typically rent their housing and have few asset to speak of. When the Federal Reserve creates an asset price bubble or inflates the value of household wealth, the globalists see most of the gains (even if they are just on paper) while the middle class and goyim see very little
>Housing bubble is finally popping again
It begins
It seems like the Chinese stopped buying...
Depressions are intentional, engineered economic events by globalists.
1. Inflate asset prices to lure suckers via increased demand thru mass migration
2. Suckers over-extend themselves
3. Crash market to bankrupt suckers
4. Buy suckers' assets for pennies
It's just like cheating at cards and luring someone into going all in against your unbeatable cheating hand.
The last stage of the cheating at cards is where the scammer does the table flip and runs.
In the context of a depression this getaway distraction is accomplished by creating a war.
From the early 1990s, Wall Street banksters repackaged toxic shitskins as skilled migrants and flooded the West with toxic invaders. Synergistically, the banksters manufactured quasi-money toxic derivatives and succeeded in ensuring that the market price of toxic shitskins and derivatives was rising fast, which would hyperinflate the housing bubble. Europe and Australia was dying to import shitskins and buy these lucrative derivatives and did so with dollars that they were borrowing from… Wall Street. In August 2007, Wall Street entered its annus horribilis (which culminated in September 2008 with Lehman’s collapse) when, as it was inevitable, the price of these toxic derivatives began to fall, but the toxic shitskins continued to flood the Western system without notice....
California fag here in real estate. Seeing prices soften but its been run up so hard it's probably a pause before it continues. Insatiable appetite for high taxes, rapist mexicans, and homeless.
home sales are going in the toilet. That's why the Fed has kept raising interest rates, to put a damper on home sales, drive down prices, erode net worth of average americans, and end the trump boom.
>only 6% YOY appreciation
crash imminent
I should care why?
>Seeing prices soften but its been run up so hard it's probably a pause before it continues
doubt it. Generally housing doesn't start heading back upwards until there's been a market correction, and the more unqualified the buyers are and cheap the credit it, the more of a bubble that needs to be deflated.
it's not the buying season
Although there are still a lot of unsold homes on my street that were listed this year. I don't think it makes sense to slap an outlandish sticker price on your house then claim prices are dropping when it doesn't sell
>I should care why?
where homes sales go the economy follows.
the end is near
Dammit, I'm almost out of debt, can this not wait a year so I can get a down payment ready?
An economy dependent on shelter for wealth creation/extraction is reminiscent of feudalism.
Since globalists transferred our industries to Asia, our economy is no longer focused on production, but on extracting wealth from shelter assets.
The Fed based our entire economy on the illusion that hyperinflated home prices increase personal wealth thru the "wealth effect". Goyim can now borrow more debt against their homes by importing millions of shitskins. The more migrants you pack into a house, the more it costs, the more value you can extract from the house, thus enriching the (((landlord))
Since 2013, the Fed’s intervention has restored prices to mania levels.
the massive intervention in 2009, had largely stabilized housing by early 2010. People did not truly learn from the housing crash because only the really greedy and stupid ended up “loosing”their houses. Yes many were seriously underwater for years but the intervention made it work out for them. Now housing owners are sitting on record equity. Housing continues to be the way that the PTB get people to go massively in debt to fuel the World wide Keynesian economy. Ironically I think even Keynes would be appalled, such measures were to fight down turns not to create bubbles
>housing in California is dropping
>mean while Oregon and South Washington is seeing ridiculous housing hicks almost daily
>record Nigger homeless roam the streets in a silent hill alike manner
Build the fucking wall at eureka, send them back, at this point I pray for nothing but rain year round to see if this Cali cucks star killing themselves from depression
people keep promising happenings and each time im disapointed.
>it's not the buying season
no, but the crash in home values began during buying season. from july-august home sales declined by 30-60% depending on your area. This is how the market works- a business cycle in one period of economic expansion followed by recession. The only people thye constant, cyclical crash surprises are the working class. The wealthy understand this is just how it works so they plan for it- they sell during the boom and buy during the crash.
It's coming down 20% at least.
Next time the economy collapses is the best chance to scoop up all the best deals.
Five properties in great locations for the price of one, stocks for great companies far below what they're worth, your bonds returns now worth more, etc.
Can relate...own a beach side mansion given to me as an inheritance. Sold it before the bubble imploded...asshole who purchased it trying to burn me now that he can't recuperate purchase price.
>>mean while Oregon and South Washington is seeing ridiculous housing hicks almost daily
bullshit. oregon and washington are experiencing the exact same conditions as california.
>millenials might be able to afford homes and start families at the expense of the boomer
sounds like pottery if true
The destruction of the West is a result of globalists sending our industries to locusts in Asia and the tropics.
Once a nation no longer produce essential goods and services, it becomes vulnerable to collapse.
US has been effectively de-industrialized.
US is imploding not because of hyper-inflation, but as a result of de-industrialization policies that led to hyper-inflation: policies that generate perverse incentives, disincentives to produce goods and services and incentives to depend on cheap money government subsidies.
But a funny thing happens when a nation loses its capacity to produce real goods in the real world: when the currency and trade policies that made importing everything financially sensible blow up, there's nobody left to actually make essential goods, grow food or maintain critical infrastructure. Productive Whites get genocided and replaced with billions of parasitical leeches from Asia and the tropics.
De-industrialization is a gradual and genocidal process. The loss of key industries is gradual; the loss of supply chains is gradual; the loss of local suppliers and jobbers is gradual; the loss of skilled workers is gradual; the decline of local capital is gradual; the loss of the willingness to get out there and take risks to make real goods in the real world is gradual. The loss of industries results in the loss of lives and replacement of Whites with millions of migrants.
Once a nation no longer produces essential goods and services, and depends on financial games or commodities to pay for industrial goods and food produced elsewhere, it becomes vulnerable to a collapse in the financial games and the commodity markets that made it all too easy to succumb to de-industrialization
agreed.
Trump needs to take control of the Fed if they keep raising rates based on some hysteria about inflation. CPI is 2.7% over last year and it's probably a bullshit number anyway
Fuck off we are full
>California
Into the trash it goes
(((Greenspan))) and (((Bernanke))) started the neofeudal era. now serfs are living under wall street bankster mega-landlords-- the ones who started the ponzi scheme and then came in to steal the assets from the goyim.
Ever since 2011, banksters, thru their private-equity hedge fund firms, are buying up all houses and monopolizing the housing resources.
This big business of buying massive numbers of single-family homes and financializing dwellings got started in late 2011, initiated and supported by the Federal Reserve as part of its efforts to monopolize the housing market. Bernanke pitched this scheme inorder to monopolize housing resources.
The Federal Reserve directed private equity firms (controlled by banksters) to steal millions of homes for cents on the dollar.
tl;dr (((they))) created a collapse to enslave goyim and usher in feudalism ruled by the Master Yid
Its a bank scam......the Fed creates a bubble crash which their cronies rush in to steal the houses from the goyim
once they foreclose on all those taxpayer backed homes, they sell them to rich investors (cronies such as REITs, Private Equity firms, Institutional investors), who in turn open huge rental businesses that charge exorbitant rent......
And if you dont think its a scam, then splain why mortgages charge most of the interest up front on the loan.....
People don`t realize in a fiat money system, their taxes and costs of living keep rising, while their incomes go down do to the intentional depreciation of their currency........scam.
>posting a comment on some shitty social network
You're as bad as the MSM.
Also the ground will be forozen by mid next week here. That is 2 months early.
Actually I view this as a positive. Wages are growing yet housing prices are falling. That means they are less people demanding house. Thus immigration has slowed. As the people obviously have the money atm.
oregon here, can confirm please nuke the west coast and never look back k thanks
don't buy until at least 50% fall
>Wages are growing
>Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department reported Friday, an inflation rate that outstripped a 2.7 percent increase in wages over the same period.
Real inflation rate is higher than the Feds say, too. Look up the factors that go into it. Shit's massaged so the politicians don't crucified.
Seasonal slowdown coupled with more inventory and higher interest rates = flatish market. Expect a minor correction, if any before we hopefully see slow reasonable yearly increases < 5%.
I have noticed a few houses being sold for less than they would a few months ago, but the prices are still very high
Oh shit, I was hoping we broke out the neofuedalism since the 70s.
i am better than the MSM
>set bubbles that be
High rent and home prices are not an unintended consequence. Asset inflation was the explicit Fed goal during QE and ZIRP. Immigration, h1bs props up the hyperinflated prices. The globalists get richer, the goyim become homeless opioid-suicided
US Fed must put floor under home prices
Housing prices in the US must not be permitted to continue falling, says the chief investment officer, Bill Gross
The economy is financial asset-based, which is reliant on consumption-- not production-based
this finance asset-based economy is totally dependent on rising asset prices
the Federal Reserve through fiscal policy measures must halt the decline and put a floor under housing prices in order to stop the deterioration in this asset-based economy
This is something that truly cannot be permitted to continue
The Federal Reserve responded to the bubble collapse with unprecedented intervention to prop up housing values: the Fed dropped short-term interest rates to near-zero (i.e. ZIRP, zero-interest rate policy) and bought roughly $2 trillion of mortgage-backed securities in two waves. (That's about 20% of the entire U.S. mortgage market.)
i'm waiting for the god damn crash to buy a god damn house god damn it. crash, already! i'm not paying $400k+ for a piece of shit that needs me to rebuild it you dumb boomer fucks. once the first few boomers blink and undercut the others the game is on
I'm look ik ng to buy a house in roughly a year. This works out perfectly should things dip. Good thing about alabama is the cheap cost of living.
jews are lowering them to bait goyim to take out loans.
dont fall for it.
I live in Cupertino and it used to be houses were gobbled up the second they went on the market. Now I see houses that have had open house for almost a month now.
According to zillow.com the value of my house has gone down almost $200,000 in the last 30 days.
Something strange is going on.
>Build the fucking wall at eureka, send them back, at this point I pray for nothing but rain year round to see if this Cali cucks star killing themselves from depression
AHAHAHAHAHAHAHAHAHAHAHAHAHA
>alabama
some of the smaller coastal towns in bama/miss are the best kept secret in the US in my opinion. i've done some growing up around those areas and they're fucking great
People are realizing how fucking shitty the bay area is
Keep waiting and get priced out faggot. $400k is poverty tier housing.
My landlord just gave me notice that rent is going buy by $850 a month. So I call bullshit.
I'm moving back with my dad to save cash so when it really does crash I will be able to afford one.
Me too before April. The fed just increased interest rates, and plan on doing it three more times in 2019.
I can't stand it. Traffic everywhere and the worst drivers imaginable and I don't see it getting any better.
>this finance asset-based economy is totally dependent on rising asset prices
consumption needs to grow every year forever because every dollar is owed with interest to a private bank
hmm yeah I can't see how that could ever go wrong
eat shit boomer nigger
Yea man. I live in Baldwin county. 30 minutes from pensacola and gulf shores. It's great, but the local population is starting to pick up unfortunately.
the Fed printed 20 trillion in QE to reflate prices. the unfortunate reality is that the Federal Reserve has DESTROYED asset price discovery and any concept of “markets” in general.
More than anything else that has raised housing is speculation founded on infinite migration, from cronies with ACCESS to money that 90% of Americans have NO access to. (((Banks))), (((hedge funds)), REITs, those 1%ers and the like drove housing to this level as if they were collecting free Fed bux.
Rinse and repeat, until the globalists ends up owning everything is measured in angstroms
unfortunately rents are surging just like home prices, thanks to politicians doing everything they can to drive rents even higher-- by importing millions of migrants, subsidizing Wallstreet Landlords (REITs)
With MBSs behind them, Wall Street players have found new ways to capitalize on housing. Private equity firms bought millions of foreclosed single-family homes in bulk after the crisis and formed companies like Invitation Homes and American Homes 4 Rent to rent them out. These companies have eyes on expansion by buying entire neighborhoods and even cities.
Having a single-family home with a white picket fence has been the image of American success since the GI bill sought to increase homeownership in the aftermath of World War II. But tight mortgage credit, skyrocketing student loan debt, and a housing shortage have caused a fundamental shift toward renting. Homeownership, once deemed a requirement for economic mobility in the US, may no longer be an attainable part of the American dream
Fed has doled out low-interest money to Wall Street and home builders in an effort to kick-start the economy by building new housing to generate the illusion of growth and rising price
The federal government ia subsidizing these corporations, since they also receive substantial tax breaks due to their status as REITs
Oh shit nigga is fucking happening, housing bubble 2 electric boogaloo
Uh oh. This is how the savings and loan crisis/bailout in the 1980's and the Great Recession/bank bailout (Obama paying his donors back) in 2008 started. It's time to shear the sheeple.
>Except LA, Salt Lake, Portland, Seattle, Phoenix, Dallas...
>SF market
>Everywhere
Kys sage
You are so spot on. And so utterly depressing me, user.
Seems a hard crash is inevitable at this point then
But it’s about to get worse. Since the mid-90s the country has accumulated an enormous housing bubble, as house prices nationally have risen nearly 700 percent after adjusting for inflation. In some bubble areas, mostly the east and west coast, the real increase has been over 1000 percent. Since house prices have historically increased at about the same rate as inflation, this means that more than $5 trillion of excess paper wealth – similar to the stock market bubble of the late 1990s – has been created. Just as bursting of the stock market bubble caused a recession in 2001, the collapse of the housing bubble will almost certainly do so
Central banks have painted themselves into a corner by not allowing asset price corrections since 2000 and 2008. They have caused the rise of populism as the masses are impoverished by a cost of living that rises faster than wages and the rich hold ever more (unearned) wealth.
There's been enormous inflation. Greenspan/Bernanke/Yellen walks around saying there's no inflation, but that is based on the Consumer Price Index. They've taken all the assets out -- housing has gone through the roof, my steak has gone through the roof, oil has gone through the roof. In 1997, the price of oil was $10 per barrel -- now it's $57. If that's not inflation, I don't know what is.
The currencies have already collapsed in relationship to asset prices. That’s what asset price inflation mean
Central banks will let their currencies collapse long before they let assets collapse. Rich people don’t care because they own everything – they will be fine when central banks try to start all over again with new currencies (and why not, it seems to work for Argentina).The currencies have already collapsed in relationship to asset prices. That’s what asset price inflation mean
Central banks will let their currencies collapse long before they let assets collapse. Rich people don’t care because they own everything – they will be fine when central banks try to start all over again with new currencies (and why not, it seems to work for Argentina).
Central bankers should hang just for saying that their stable money mandate really means at least 2% inflation by a measure that purposefully understates inflation
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs
Globalists send our industries overseases, and prop up our non-existentent economy by hyperinflating assets such as housing and stocks to create the illusion of wealth-- aka "the wealth effect"
The key point here is that in our strange, manipulated world, as long as the Fed is on the side of a strong market there is considerable hope for the bulls. In the Greenspan/ Bernanke/Yellen Era, the Fed historically did not stop its asset price pushing until fully-fledged bubbles had occurred, as they did in US growth stocks in 2000 and in US housing in 2006. Both of these were in fact stunning three-sigma events, by far the biggest equity bubble and housing bubble in US history. Yellen, like both of her predecessors, has bragged about the Fed's role in pushing up asset prices in order to get a wealth effect. Thus far, she seems to also share their view on feeling no responsibility to interfere with any asset bubble that may form. For me, recognizing the power of the Fed to move assets (although desperately limited power to boost the economy), it seems logical to assume that absent a major international economic accident, the current Fed is bound and determined to continue stimulating asset prices until we once again have a fully-fledged bubble
The most outrageous thing is that the politicians ooh and aah about how out of control housing prices are when they are the ones inflating their value at the behest of the banks by bringing in countless immigrants.
Thats by design buddy.
The majority of the banks assets are in mortgages and properties, if the value dips just a bit you get a recession which happened last time.
Next time they wont be able to bale them out so they have to bring in countless immigrants to artificially inflate the value of housing.
Western economies are literally a ponzi scheme which rely on exponential growth with no end
FUCK MAN how do we FIX it?? Is there any fix? What is the point of life if you are white
>What is the point of life if you are white
thank you quality redpill realty poster
>But it’s about to get worse
Stap I can only get so moist, imagine snatching a house from a boomer at penny's on the dollar while you unplug his life support device.
Listening as he flat lines while you star moving your shit in the bedroom
Shit be cash
before the shitskin invasion, ALL houses in US were pennies on the dollar.
in 1998, you could buy a home in San Fran, NYC, LA for $160k and in Boston for $100k.
oftwominds.com
by destroying the globalists and their assets (mansions, investments, businesses)...
a population crash would be the best thing to happen to humanity
What's the smart move for a regular worker with a decent salary? Decent meaning, 100k plus, + stock. I have another 70k in stock and 35k in cash right now.
I just wanna raise kids with my wife desu.
>What is the point of life if you are white
Defeatism is always the greatest weapon of the hegemonic elite.
It takes only roughly 10% of the population to change the view of the remainder.
just personally, I have friends who bought homes in the S.F. Bay Area in 1996-97 for $145,000 to $165,000--perhaps 12-13 times annual rent or 120 times monthly rent. These homes were in a highly-sought after small city with excellent schools, and they shot up to $600,000 by 2006 and $3 million in 2018.
FUCK CHINA
ERADICATE GLOBALISTS
According to Fannie Mae’s report, as baby boomers exit their owner-occupied homes there could be a glut of new homes and steep decline in price-- returning to historic, pre-globalization levels.
Government Solutions to prevent a return to home affordability includes Mass Immigration, which spurred the dramatic price surge in housing booms 1 and 2.
Adjust immigration policy to create more potential homeowners, to keep hyperinflated prices afloat.
Advocates for this tactic suggest that creating more legal households would increase the number of potential owner-occupants in the market.
thinkrealty.com
The Fed wants us to pay 1.2 millions for a house boomers paid 80K. Fuck that. Housing is a scam, there's no reason for property to gain any value at all, theft it is
The boomers are dying, housing costs should be plumetting but its not. You know why?
IMMIGRATION.
You have no birthright, you are a slave to the landlords who flood you with competition to fight.
Its about keeping the mouse on the wheel
I'll stick with my van thanks.
>What's the smart move for a regular worker with a decent salary? Decent meaning, 100k plus, + stock. I have another 70k in stock and 35k in cash right now.
>I just wanna raise kids with my wife desu.
how old is you user?
just curious
I have been looking at houses for sale around Texas for like 10 months and haven’t noticed like that
Also, fed raising rates makes this happen. And guess what the fed just did?
>by destroying the globalists and their assets (mansions, investments, businesses)...
Are you talking an actual revolution against the globalist upperclass? Or the slow decoupling of them from their assets, driving them to sell collapsing housing prices and investments?
Or are you talking actual conflict?
28. I'm originally from a Euro country where college is free. I arrived to America (God Bless America) after being head hunted.
So in a way I'm part of the problem you guys talk about it. I much prefer it here and am not leaving though, sorry.
Just checked mine. It's up 20k since like 3 months ago.
the globalists have been suffocating the goyim to the point of genocide. waiting for a correction isnt dependable, as the Fed intervenes so the prices wont return to historical levels of 2X the income.
the globalists are determined to hyperinflate housing and will continue to flood the market with migrants and subsidize the Wall Street landlords to buy up the properties
Historically, a house in any metro area in US cost 2X median income. That all changed in 2000, with the Fed’s “wealth effect” infinite migration h1b ponzi scheme
>What's the smart move for a regular worker with a decent salary
aside, from eradication of globalists, you can try to relocate to a flyover state far from the deadly grip of globalists
>fight or flight
>28. I'm originally from a Euro country where college is free. I arrived to America (God Bless America) after being head hunted.
>So in a way I'm part of the problem you guys talk about it. I much prefer it here and am not leaving though, sorry.
you in one of the coasts?
Smart move is to wait for the next bubble to pop on the housing market and snag a home. As this smart user is saying - housing is 5-10x values. No reason to buy right now, every reason to wait.
I have a shit ton in the markets but I'm waiting for that to correct as well. It will have to at some point soon.
So long story- just wait it out a bit and hold onto your cash.
>aside, from eradication of globalists, you can try to relocate to a flyover state far from the deadly grip of globalists
or that. get away from the coasts.
that's my next move.
My house just hit 700k up 2.3k zestimate.So get fucked.
Is this article acting like visas being restricted is bad?
>you in one of the coasts?
But of course.
Your plan of action is reasonable. Best of luck, user.
which ever is more feasible for the current situation (maybe both)
the Fed flooded the financial markets with absurd levels of fabricated money. This had the intended effect of hyperinflating housing and making the economy appear as if it had revived thru the "wealth effect" ponzi scam.
The Federal Reserve handed over an estimated $29 trillion of this fabricated money to American banks, according to researchers at the University of Missouri. Twenty-nine trillion dollars!
During the financial crisis of 2008, the world’s central banks, including the Federal Reserve, injected trillions of dollars of fabricated money into the global financial system. This fabricated money has created a worldwide debt of $325 trillion, more than three times global GDP. The fabricated money was hoarded by banks and corporations, loaned by banks at predatory interest rates, used to service interest on unpayable debt or spent buying back stock, providing millions in compensation for elites. The fabricated money was not invested in the real economy. Products were not manufactured and sold. Workers were not reinstated into the middle class with sustainable incomes, benefits and pensions. Infrastructure projects were not undertaken. The fabricated money reinflated massive financial bubbles built on debt and papered over a fatally diseased financial system destined for collapse.
The globalist infinite immigration ponzi scam forces rising demand to hyperinflate the cost of housing, products, utilities, education... but this artificial demand is very difficult to produce. So globalists increase demand by smuggling billions of shitskins and adding increasing amounts of debt, at ever-lower interest rates. At some point, the debt/shitskin bubble created to force the artificial demand becomes overstretched. Now, we seem to be reaching a situation where the debt/shitskin bubble may pop. This is a very concerning situation.
Boomers on suicide watch
first thing you need to be able to answer, is your job secure? can you quickly find another one?
Oh no, what ever will the boomers do? God, what a tragedy, houses will be affordable again? The horror!
Good so when I move to the us I will have a cheap house
Cascadia Subduction Zone. There's a reason why that land is going to be cheap, b/c it's gonna be gone by 2030...
Globalists sent our industries and wealth to Asia...
So who's buying all the shit Asia makes? Broke Amerigoys, of course
OK, so how can China encourage the Amerigoy to buy its junk and keep its insects employed? Well, it can keep the yuan cheap versus the dollar, so Chinese goods remain cheap, and it can keep US interest rates low so Americans can borrow money to keep buying more useless shit that Americans once made
How does China do this? By buying US Treasury bonds-- with the same money it receives from US and the Fed
Like everything else, currencies and bonds are ruled by supply and demand: lots of supply and no demand, the price drops. So if China started selling dollars, the dollar would drop, and if they didn't keep buying bonds, the interest rate would rise until enough buyers were tempted to invest in US Treasury debt
To keep propping up US consumer spending, China and other exporters have been pouring the money-- they recieved from the US-- back into US bonds. Reserve accumulation by the exporting nations went from $116 billion in 2001 to $517 billion in 2004 and $600 billion in 2005, while the US 2005 trade deficit went from $390 billion to $1 trillion
In other words, as the US trade deficit grows to unprecedented levels, the exporting nations are "in for a nickel, in for a dime"--they keep funneling hundreds of billions of dollars into US bonds to keep US interest rates cheap, enabling US consumers to buy more of the goods we once made, that they now make
But the entire edifice is a house of cards
where has all this unprecedented flow of US-derived foreign money into the US ended up? In real estate, which has experienced an unprecedented bubble valuation. All the US-derived savings of Asia and oil-exporting nations have flowed into what is the ultimate non-productive asset: US housing
How do you hyperinflate housing? By smuggling millions of shitskin leeches
Now the US goy must spend money he does not have or all else is DEATH
Fake loans, fake citizens, fake houses...when will it ever stop?
I live in Sf Bay Area and personally know lots of poojeets/chinks buying up White property. Mostly Indian where husband is H1B visa holder and in certain cases wife has H1B too or qualified H4 EAD.
Lots of these people have mortgages; just take a trip to East Bay and South Bay – mostly Indian; Peninsula has Asian population
ALL OF AMERICA USED TO BE CHEAP!!
houses were always 2X median income in ALL METRO CITIES
a friend had a house located in a bedroom community suburb in the San Francisco Bay Area metro area. The home was built in 1916 and has 914 square feet, no garage and a small lot.
It sold in 1996 for $135,000. This was a bit under neighborhood prices due to the lack of garage and small size, but nearby larger homes sold in the $145,000 to $160,000 range.
The house was sold in 2004 for $542,000, and again in 2008 for $575,000. It is currently valued at $720,000. The neighborhood average is $900,000.
FUCK IMMIGRATION
FUCK GLOBALISM