From the comments,.. a reply to a comment saying market going to crash
The Housing Market Is Broken
https://www.youtube.com/watch?v=w_mRcfBsbmk
(he's 34 this uploader, wants his next move to be his 'last move' ... hmmmm)
I don't envy what they're going through this generation 30 yrs younger than me, although I do envy their health and vitality. Ah the joys of leaping out the bed in the morning and saying, where are those Everest Double Glazed window sales brochures, I've got cold call doors to knock.
@yxcdeb
19 hours ago
@chrislewis5603 Its not. You live in a supply/demand economy. Land is finite, construction is slow, materials are expensive, mass migration, however, is rapid and uncontrolled. Prices are going up and up while QoL is goes down and down, until millions leave or society collapses under the human DDOS attack that is western "refugee" policy. There is no housing market crash on the horizon. Its everything or nothing now, and it sure as %&!*@ isn't going to be nothing.
.>>>>>>>>>>>> full thread ...
@lewismartin4306
2 days ago
House prices ain’t gona crash. The system doesn’t want people buying homes. This is the trend
Reply @chrislewis5603 ... 2 days ago
It's coming.
Reply @yxcdeb.. 19 hours ago
@chrislewis5603 Its not. You live in a supply/demand economy. Land is finite, construction is slow, materials are expensive, mass migration, however, is rapid and uncontrolled. Prices are going up and up while QoL is goes down and down, until millions leave or society collapses under the human DDOS attack that is western "refugee" policy. There is no housing market crash on the horizon. Its everything or nothing now, and it sure as %&!*@ isn't going to be nothing.
Reply @chrislewis5603 13 hours ago
@yxcdeb I made millions shorting Alt-A in 2008. The entire Aussie economy is subprime, Australia is not immune from crisis and one is baked in now.
Reply @yxcdeb 1 hour ago
@chrislewis5603 First off, this is a video about the UK, so Aus isnt what I was referring to. You have your own things going on over there.
Secondly, I didnt say a crisis wasn't coming. Quite the opposite. Im saying the almost inevitable crisis in the UK, and the west in general (meaning UK and continental europe, not the wider anglosphere), is going to be an irrecoverable full system failure caused almost exclusively by our head-in-the-sand approach to uncontrolled mass migration.
This is not 2008, and it will not be a temporary dip in a single sector that can be used as a profit opportunity before a correction makes you a billionaire. Things are bad, getting worse, and when it finally snaps Europe will stop being globally relevant for a century or two, if it recovers at all. Its going to be a continent sized version of Johannesburg.
Reply @billysmith6284 1 day ago
I agree.. you will own nothing and not be happy is a law now.. the evil overlords will have their way. I suppose if home prices crash it won’t matter because nobody will have a job and they will raise property taxes, insurance, utilities x10.
@jamesbyerly766 2 days ago
Exactly
Reply @TheFinalDose-4U 22 hours ago
You have too much faith in the system maintaining its current trajectory.
Here in Canada they are due to collapse, and are doing so at this moment (with no break in sight)
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