- Lindsey O. Graham
- Dec 31, 2016
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"We're not generating enough angry white guys to stay in business for the long term."
- The Chief
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Bubbles are unpredictable by their nature, as soon as 'enough' people think it will pop, and act accordingly, then it pops, but you can't predict that ahead of time.
But my guess is: it'll start with the public failing of some high profile tech companies. That starts a run, some tech bros have to sell up or whatever, and it spreads from there.
But a pop isn't going to necessarily mean its a buyers market, far from it. The nature of econonic crises is that everyone is affected. In other words, don't think you'll get a home on the cheap, because you'll be finding yourself in money trouble as well. Millenials are, more than likely, never ever ever ever reaching the same level of home ownership as boomers. They and the next generation are going to be in poo poo, their entire life.
you are repeating what happened in 2000, and 2008- is this an intentional observation?
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May 31, 2017 21:06
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May 9, 2024 01:38
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- Lindsey O. Graham
- Dec 31, 2016
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"We're not generating enough angry white guys to stay in business for the long term."
- The Chief
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a bubble bursts in the country every ten years when there is limited regulation
we have limited regulation, so hold on to you skivvies, kids
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May 31, 2017 21:30
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- Lindsey O. Graham
- Dec 31, 2016
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"We're not generating enough angry white guys to stay in business for the long term."
- The Chief
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hey guys there is a housing bubble rn in us again because rofl we don't actually learn any lessons and/or don't care about poor people getting hosed when our greed tanks the economy
spot on
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May 31, 2017 21:36
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- Lindsey O. Graham
- Dec 31, 2016
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"We're not generating enough angry white guys to stay in business for the long term."
- The Chief
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just in time for the 2018 midterms (maybe)
nah who am I kidding 2nd (3rd) great depression in 2021 after trump loses in 2020, democrats take the blame and the GOP nominates trump but competent in 2024
you are gettin' the hang o' this!
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Jun 1, 2017 02:47
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- Lindsey O. Graham
- Dec 31, 2016
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"We're not generating enough angry white guys to stay in business for the long term."
- The Chief
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if there isn't a full on bubble with the housing market yet, there will be soon-ish. tromp / his administration decided not to renew the federal HAMP program that gave assorted protections to low-income homeowners and first-time home buyers, and they're working their asses off to repeal Dodd-Frank too. if fewer people are able to participate in home buying again, it'll either crash things when:
a. there's too much back-stock on existing homes and prices drop accordingly when it becomes a buyer's market, thereby catastrophically lowering the value of the average home well below the outstanding mortgage balance
b. or it'll crash when the banks realize a. is looming on the horizon, so they start offering mortgages to anyone that can fog a mirror, and the market gets flooded with bullshit loans that inflate the prices of the existing homes, and we'll literally get to watch 2007-08 happen again in real-time
i'm gonna go with b for 500, because lol if we think the business class has to learn from or pay for it's mistakes, just lol
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Jun 2, 2017 20:43
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May 9, 2024 01:38
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- Lindsey O. Graham
- Dec 31, 2016
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"We're not generating enough angry white guys to stay in business for the long term."
- The Chief
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and I just saw that the House (led by the illustrious Paul Ryan) is set to vote to repeal Dodd-Frank next Friday. just watch the dominoes fall
yep
so true
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Jun 3, 2017 00:15
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May 31, 2017 21:06
