Comments (32)
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Kaputtmacher 17 points ago +17 / -0

Just sell some houses you don't own.

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redpill4yourass 15 points ago +15 / -0

Sell your home before the crash and buy another house after the crash. If you own.

OrangeCatBad 12 points ago +12 / -0

My current home is paid off, looking for a 2nd one but the prices are absolutely crazy right now. Realtor getting upset at me saying I'm asking too litte and I keep telling her I'm not going to over pay because the market is 'hot'.

ManyDirt 6 points ago +6 / -0

Don't get tricked by the low interest rates. Monthly payments might be lower but when you go to sell is real dollars that you borrowed. I sold my house in December, it had doubled in value since 2015. It's fucky.

muppeton 14 points ago +14 / -0

Selling my Carnival and Disney stocks tomorrow.

Canada just announced a one year extension on cruise bans and I imagine the U.S. will soon follow suit.

Also f Disney. Company is going downhill and their stock is ridiculously overvalued. Made a good profit on both and bailing before shit hits the fan.

HighFrequency 5 points ago +5 / -0

Disney is also deep in pedowood. Dont support them!

1776pill 3 points ago +3 / -0

I sold royal Caribbean yesterday for this same reason

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Belleoffreedom 9 points ago +9 / -0

Interesting blame-placing by this article. George W. Bush warned about the weakness in the housing market in January, when he took office, to the jeers of Democrats. This went on right up to the month the bubble burst.

The issue was more than skin color: "liar's loans" were being given out to all manner of people who plainly did not have the ability to pay.

The devil is always in the details.

GreyGooseDown 3 points ago +3 / -0

I believe it was brought up to the floor of the house...17 times.

rockettails 2 points ago +2 / -0

I wonder what losses Congressmembers took during 2008...

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muppeton 2 points ago +2 / -0

Welp, thanks to the Great Reset, you'll probably be out of a job soon.

Blazin 4 points ago +4 / -0

It didn't take long for sub-prime market to take-off after the last crash in 2008. What's your DD and data to support your hypothesis of a 2008-style housing crash?

deleted 3 points ago +3 / -0
RightIsMight 2 points ago +2 / -0

Bought a house 18 months ago for full ask at 250k was 2nd full price offer at 3rd day on market the previous owners received, first offer fell thru, I could sell it for 300k now. Housing bubble is real.

Edit: midwest suburb

ftdtfh21 3 points ago +3 / -0

Maybe short some REITs or buy some LEAP puts on the companies that own a lot of real estate—maybe building products companies too. Just think about all the shit that is needed for housing

DogesGoneWild 1 point ago +1 / -0

Been buying the calls on faz

Crash is coming

zoangelic 1 point ago +1 / -0

ive always bought o and nymt. ppl fled ny cuz of covid gay mayor. it will bounce back twice as gay. o is cheap for what it normally is. probably hasnt hit rock bottom but both will crash then do the thing in time. i have downs and eat crayons. my advice is retarded.

doodaddy 1 point ago +1 / -0

I haven't read the article yet but this quote from a fellow post reminds me of the housing bubble, which I use to read about thoroughly back then...

"If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades. A hedge fund that is short a stock can write call options on a stock — meaning they are now “short” the call options, having sold the call options to someone else (typically a market maker) — and simultaneously buy shares against the call options."

So they can sort of pass on their gambling addiction to a bigger sucker. In the case of housing, the 3 bond rating services that you are supposed to trust, marked a bunch of worthless housing mortage "tranches" as AAA or the highest possible. Thus suckering mom and pop into buying them.

Justice101pt2 1 point ago +1 / -0

NLY and CIM are MBS REITs. They already take a beating. Puts on them would work, but would need to market time well with raising interest rates and the market collapse. They have already taken a beating though so not sure how to best invest.

Realistically save cash and other assets not tied to the market. When interest rates rise again prices will crash. Everyone buying crazy prices because they can afford the payments.

Hit a good recession with raising interest rates at some point and you have house poor selling becAuse they can’t afford payments and prices down because people buy based on payments not absolute price anymore.

Im waiting for that scenario personally while i work remote from my parent’s beach house paying no remt ?

OrangeManNotBad 1 point ago +2 / -1

What not many, if any, talk about is that the game play of the housing bubble which was a set up from the get go. Called the turn around.

Buyer A buys a home from seller Z. Buyer A mows the lawn and sells it back to Z. Z vacuums the carpets and puts new numbers on the home. Sells it back to B. Each time the home sold, they raised the price anywhere from 12% to 20%.

This is what cause the hyper inflation of the housing markets.

cyberwar -6 points ago +1 / -7

who is we?

redpill4yourass 4 points ago +5 / -1

Everyone minus cyberwar.

O__Q 2 points ago +2 / -0

Barely light outside and already have the best comment of the day.