A reminder about HSBC

Bad for retards who treat houses like an investment rather than a home you mean.

Can anyone translate this

The too big to fail banks are trying to get everybody spooked and trigger a financial crisis so that they retain power over politicians.

So everyone with a house, considering your credit depends heavily on how much your mortgage burdens you, and if the market goes upside down you're basically fucked if you bought in the last 3 years?

>the housing bubble will burst any day now!!11
>t. 5 years ago and still screaming in panic

Yawn.

Every woman I met who says she likes "dad bods" was dating some lanklet with a sharp jawline

>mortgage
lol
I bet you take out 10 year loans to lease cars

Everyone buys a house with a mortgage, bud. Unless you're talking about buying one way out in Kansas and even then they're inflated as fuck.

>holding cash

Fiat currencies have no value, go pan for gold in the streams by your home. I do. Buy a shitty sluice box and start making actual money.

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All of you pretending the value of your home doesn’t matter, remember that this hurts labor mobility. If people are under water, they can’t sell, which means they can’t move, which means they cannot go to where the jobs are. This increases unemployment.

No, not at all true. Most people all over the world and throughout history have put very little leverage into buying a house, and often would rather fall on the family or the community. They also pogromed the Jews, made it illegal for Jews to own property, and outlawed usury.

you gotta live near gold deposits for that

What's the value of labor mobility? The Jewish satanic school-to-work program? Total quality management? Basically automation but with golems? How stupid can you be? I bet you believe in UBI.

That’s why I’m telling you all to save your cash. I’ve been on Pol since /I used to call Tom Green.

Pol somehow red pulled me over the years into getting a couple of degrees and working with the Kikes to make my life easier, but I still fucking hate them all.

Good luck and do a barrel roll motherfucker.

Stop being retarded. If you’re forced to remain in a given area, the pool of jobs you have access to is limited. Unless you’re arguing 2-3 hour commutes should be the norm.

Anywhere glaciers once were, so that's most of America and all of Canada. Where do you live? I live 60 miles north of NYC, but fuck Kings Doctrine, I never turn in the gold I pull out of the glacial fed aquifers and streams I pan in. Fuck the government.

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My most favorite cash is 90% silver. FOUR CHAAAAAAAAAAAAN

>he doesn't know about UN Agenda 21 or any of the other keywords I just dropped for him
You must be an SEO expert.

>UN Agenda 21
Yeah I’ve heard of that bullshit before. I don’t know why you expect the UN to be such an effective organization it’s going to herd everyone in the world into megacities. Whatever man.

kek last time you said it was Idaho. But gg suggesting possibilities rather than maintaining a consistent story.

Idaho was a better story considering you stated an amount that isn't going to last very long as a retirement fund in NY.

They already have, everyone left is a boomer or has a boomer mentality and will leave the rest of their money in their IRAs, 401(k), 503(b), personal brokerage accounts etc until it is gone.

Correct

Yes and if you own your house outright DO NOT take out a line of credit or refinuntil 2021

Wow, so you didn't correct me that it more recently called Agenda 2030, nor did you speak to the substance of any of the others. It must be like kryptonite to you.

Le reddit

No, I just think you’re an idiot, and I’m busier cooking lunch.

Ridiculous amount of Gold for panning...fucking asteroid land in your river or something?

What are you cooking that you could reply so quickly? Waiting for a frozen pizza in the microwave?

People attached to land = great. They care about it.

I’m steaming some broccoli and onions to eat with some leftover burger patties I made yesterday.

>getting this defensive
You've had more than enough time to look up the Jewish subversion of the educational system.

Caring doesn’t pay the bills. When you lose your job and default on mortgage, you’re not going to be so attached to that land.

It's almost like you're saying mortgages are a scam.

My defensive lunch? Yeah you’re a retard.

Why are you attacking me personally instead of attacking the root of the problem, which is kike usury and the federal reserve?

>half trillion dollars in loans that China defaulted on last week

BULLSHIT METER OFF THE CHARTS

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Scams are when you’re tricked into thinking you’re getting one thing, but you’re actually getting another. Do people not understand the house their buying is collateral on the mortgage they agreed to? I hope they’re not that stupid. So no, I don’t think they’re scams.
Okay, time to eat.

The problem is people like you who will sit here and not prepare, then when it happens you’ll be so ducking happy to spout off about how you knew about kike plans, then you’ll go an cash in your ebt because you knew what was going to happen but didn’t plan.

You’re white trash.

k

How long will it take to eat? You haven't so much as explained pedophile kike Barney Frank or Glass-Steagall, let alone redlining nigger districts.

infograph

suck it Eurasian Soviet (Rothschilds, Russia China, Natbol DUGIN alt-right Yangang Tulsi siege SHILLS

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chinese people now have to pay 30% more for their houses in cali, ny, and the entirety of canada

I'm prepared to hold out sheltering in place for about a month, though I'd probably get robbed and killed, maybe not in that order. That's my decision and that's where I've been since the last crash. I'd be more useful alive then dead, but you can't expect people to act rationally in a real breakdown situation and I don't much care to keep taking up the slack ad infinitum.

*for a year
oops thinking faster than typing #YOLO

If houses are cheaper, then labor can move freely and buy housing where they work. Housing can not simultaneously be affordable and an investment vehicle and low housing prices provides better utility.

Who the fuck wants to move all the time? Some people are OTR truckers. Other people have families.

It's an obvious attack on the family and having the goyim hang off circumcised jewish dick to drink semen and shekels.

>Damn, he can't jog .5km
FTFY

Socialists.

If you don't want to move than low housing prices wouldn't affect you. If you want to pursue opportunity elsewhere or return to your roots, low housing prices facilitate that.

How is affordable housing an attack on the family? It facilitates stable shelter and stronger familial bonds.

COPE

wait, this is so exciting.

Let's say the housing market falls....ok by what percentage would you say?

That would be the perfect time to buy a home, right?

cope with not being fat? sure

>affordable housing
Yeah, I really want more section 8 apes and a flood of H1B yellow & brown

>implying they would ever save up to even buy affordable homes
Most of the H1B visas take people into cities where they will rent anyway. You seem oddly emotional about the capital value of a utilitarian commodity.

Yes, I’m trying to help you young Niggers out. Don’t buy a house until 2021 or 2022. Housing should drop between 50-80% depending where you live. If you live in a cheap shithole nowhere city probably 50%, if you live in SoCal or Texas or some other place that is full of Spics and expensive for no reason then 1 bed condos and stupid utility less shit like that will drop by 75%.

>affordable housing
>labor value
Are all Marxist morons so devoid of self-awareness that they don't even realise how they're just reissuing a jumble of codewords without knowing what they mean?

>yeah just trust us goyim
>we know what we're talking about

the only reason housing can be used as an investment vehicle is because houses retain a basic utilitarian value - everybody needs a place to live. people don't need marble walls, granite counter tops, hardwood flooring, vaulted ceilings, etc. These things add negligible utilitarian value but are added in an expectation that they will increase the value of the home as an investment vehicle

HEY DON'T WORRY WE'VE ALREADY PRICED IN THE CITIES WE FORGOT ABOUT LAST TIME WE'LL JUST PILE ON THE DERIVATIVES AND EVERYTHING WILL BE KOSHER

>labor value
I... never even said that.

An investment vehicle is expected to grow with time. Why would an aging house with purely utilitarian value be expected to go up when land is cheap and population growth in Canada and America is declining? The answer is, because there is a valuation bubble perpetuated by a commonly held belief that housing is an appropriate and expected investment that SHOULD go up. This belief does not match economic realities for the foreseeable future, and that's why the bubble will eventually pop again.

>I... never even said that.
When the Marxist can't explain what he hasn't been programmed for in communist indoctrination summer camp.

Why would a marxist give two shits about housing prices or the market valuation of them? They would just ignore theory and rent control or provide government housing you stupid shit.

Why would communist kikes fund the lolbertarians? They're all about making up large scale imaginary stories like the old testament or macroeconomics. Did you not learn that during your time at school?

It's kind of funny watching you try to construct a worldview devoid of theory or understanding, but substituting it with namecalling and perseverance.

Godspeed you! Ignorant mongoloid

That's not how the housing market works. That's not how it works at all. Unless it's a complete economic collapse like 08, then at most housing will flatline until inflation catches up. Why? Because people won't typically sell their houses for less than mortgage (unless they lose their job), so no one will sell and no one will build as liquidity and therefore buying is dried up. It will just bring in stagnation in housing prices (or inflation adjusted loss). Dumbshit.

You haven't elaborated a single theory yet, especially not a proven one. You still haven't decried Marxism in any of its forms as a rampant mistake, nor have you testified about what a fraud universities are. Whom do you think you're kidding?

I think I'm wasting my time with some asshat on pol asking for credentials like it's some interview or something.

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a house is a solid asset that doesn't devalue over time (given maintenance and an unmanipulated economy). that makes it a worthwhile basis for credit, the real engine of this would-be investment vehicle
it isn't the house itself that's supposed to grow in value. that's fucking jew nonsense kek

you forget about lines of credit and refinancing, as well as 'equity properties'

I don't care about your credentials. I decided early on I didn't want to be swear an oath ot a frat or get a graduate degree or a security clearance. I just think you can't explain anything because you went through a brainwashing camp. Are you afraid I might get to do your technical interview?

Lol okay pal.

>dallas white people neighborhood

I'm not sure what you are getting at. Few people currently have home equity lines, and even if they do, it's basically just a bigger mortgage, so my original analysis holds. Basically the bet in OPs scenario is short or buy puts on finance sector stocks and consumer discretionary stocks while investing in bonds now and holding cash until the finance/cd sectors bottom and buy in there.

Although I don't foresee a liquidity trap in the US more likely a jump in inflation. I think Germany will push the EU into this problem and Asia will be hit or miss... Korea and Japan are high odds for liquidity problems, but China has clearly chosen inflation.

Does anyone have a source for these loan defaults? I'm not getting anything in search engines.

Probably zerohedge

>when a banker is scared of zerohedge
lol

>busting your ass all fucking day for ~$50 in gold flake
Its a decent hobby, but no way to live. At least it'll keep you in decent shape.