http://www.cnbc.com/2016/05/26/wells-fargo-launches-3-down-payment-mortgage.html
http://seekingalpha.com/article/3979785-grantham-sees-another-u-s-housing-bubble-forming-avoid-equity-residential
Wells Fargo and Fanny Mae start offering subprime mortgage loans with only 3% down.
US housing market hasn't seen any growth despite demand for housing rising.
WHAT THE FUCK DID OBAMA DO?
>>78050820
BUMPPPPPPP!!!!!!!!!!!!!!!!!111!!!!!!!!!!!
>>78050820
BUMPPPP AGAINNN
COME ONNNN
>>78051211
Hnnnnnng
>tfw you see exgf look-alikes everywhere
I don't care about the subject but the pic deserves a bump
Soon
>>78051615
>Romania
>Having a girlfriend
This is no time for jokes, this shit is serious!
>>78050820
Total crash of the world economy in
3
2
1
>>78051615
How did you manage to break up with your hand?
>>78050820
Again?
>>78051947
Jesus FUCK
How are you not in full panic mode?
http://thefederalist.com/2016/04/04/why-the-auto-loan-bubble-is-as-important-as-the-student-loan-bubble/
http://www.breitbart.com/big-government/2016/04/07/student-loan-bubble-update-some-40-percent-of-borrowers-arent-making-payments/
The student debt and Auto debt are at an all time high and are looking to burst soon as well.
ITS A TRIFECTA OF CHAOS. WE'RE FUCKED,
AND WITH US
>GOES
THE
>WHOLE
FUCKING
>WORLD
this is all obama
>>78050820
>Obama's legacy
LMAO
>>78052552
>Let's just make it easier for foreign investors to buy up a lot of real estate
>And then drop interest rates down to 0%
>That totally doesn't encourage dangerous amounts of migration
>Especially when we've got one of the largest housing bubbles in history
>This will N E V E R backfire.
>>78052552
How do we help Trump overcome this bullshit?
IT ALL COMES TUMBLING DOWN
Literally no one but foreigners (mostly the chinese) buy real estate.
>>78053016
Assuming it doesn't pop before he gets in, he'd have to start city development programs to resettle a lot of the urban population and give the Housing Jews the finger. Less demand means greater supply for those who have to live in cities (big tech companies, scientists, bureaucrats)
Essentially, 1800's American Resettlement Programs. Help build up border cities along our southern border, beef up some cities in Montana, Idaho, Wyoming, North Dakota, and South Dakota, and boost the economy in West Virginia to make it a more attractive state.
the 3 percent was as low as it was right before the first housing bubble.
Honestly, you should have 20 percent in cash downpayment before even considering buying a house
if you cant buy a house in full you should stop being so poor
>>78053739
This is why the majority of under 30's live with their parents. Housing prices are fucking insane compared to the average wage.
Real estate investors are the biggest, Jewiest kikes of all.
>>78053739
any idea on how to get 120k without living with your parents?
the average income is 50k a year, and even that number is off put by baby boomers.
>>78053890
>any idea on how to get 120k without living with your parents?
get a job that makes more money
getting rid of rent control in cities will help create affordable housing.
millenials, if you're smart, buy up distressed real estate in "minority" areas of cities. raze the house, but becareful about asbestos abatement, if the house was used as commercial property even if it's just one room that was a barber shop or something for a year... if you don't do asbestos abatement properly, the epa will get involved and you can be thrown into federal prison for endangering the health of the community around the house for improper asbestos abatement. so houses that weren't used as commercial is the best bet, raze the house, but people pay good money for old wood so you can recover some money from that, build a new house and now you have a house you can live in or flip
>>78053978
>Lt. Genius
Lets elaborate a bit more.
>>78053978
Like what? If you hadn't noticed, our job market is a barren wasteland. The only people employing are super markets that need part time labor. You can't get 120k without living with your parents for years.
>>78054131
Are you saying you expect to make 120k out of high school/college?
>>78054079
>If you're smart, just build a fucking house
Okay wiseguy, explain to me how any person is going to be able to do that? How are you going to get the plumbing? The electricity? The gas?
>>78054093
>elaborate a bit more.
if you are in a job that pays 30k a year get one that pays 800k a year
>>78050820
>FED goes for a hike
>F
>>78054327
out of their asses
>>78054368
>Lt.Genius got promoted to Cpt. Smartass
care to walk us through a process that would get you there?
>>78054521
>care to walk us through a process that would get you there?
Obtain skills that contribute more than that value in the free market to the company that employs you.
They will then pay you slightly less than what you contribute.
>>78054327
Prefabs are cheapo.
>>78053016
There's two major forces at play fucking housing up:
- Cheap credit and low cost of property ownership. People can afford more. For a while. This accelerates price inflation. A reasonable policy would make property ownership expensive both through credit and property tax which would deflate prices and improve liquidity.
- Supply-demand mismatch. Regulation makes it most difficult to provide the most desired types of development. Meanwhile it's regulatorily easy to build suburban tracts that there's no shortage of. Nothing short of undoing large sections of general building code and removing most local government zoning privileges will help.
>>78054325
You should be at least able to make 120k over a couple of years while living on your own. As of now, it'd take a decade to do so, and housing prices are only going to balloon from there.
>2016
>not getting a USDA rural loan
30 year fixed @ 2.875% with no down payment when I got mine
>>78055589
!!!!!!!!!!
thanks
Never let your neighbors know that you have an electric sheep
So basically here we go again?
>>78050820
>Wells Fargo and Fanny Mae start offering subprime mortgage loans with only 3% down.
kek, the merchant doing his usual routine, throwing out the line and baiting the last idiot goys into his scheme before he hikes interest rates and start reeling in the profits. And people are falling for it.
Like pottery.
What will trigger the crash this time? Which bank will go down first? DB? This gunna be gud.
>banks can literally create fake money
>give money to everybody buy a house
>houses get really expensive
>it's another bubble
>the last one was 8 years ago
Now you see who is controlling the world, the bankers and the jewish bankers. They almost destroyed the world economy in 2008 and now they're doing again.
I pray to God that the politicians and the bankers who are trying push the same thing here are burned alive or I'll see an one room house in the favela costing 900.000 reais.
>>78056612
>Now you see who is controlling the world
>the bankers and the jewish bankers.
What are you getting at Pablo? Are you implying that they are planning to do this shit?
They wouldn't crash the world economy and burn the USD on purpose... would they?
>>78050820
I WARNED YOU YESTERDAY FAGGOTS
YOU DIDN'T LISTEN
PREPARE FOR A MASSIVE HAPPENING IN LATE SUMMER OR AUTUMN (same time as the predicted last year happening, shemitah lasts for a full year)
>>78050820
People aren't buying houses because they cannot afford to.
Wages have been stagnate for 40 years, in many cases decreasing due to inflation.
Most of america is getting dangerously poor.
Then again with most of our jobs paying less than 12 bucks an hour how can you expect people to be buying houses?
Most people rent, which is basically just throwing money away because they have no other options.
>>78050820
>blaming Obama for what private market does
Only thing Obama can do is save them with tax payer money(again) if they screw up again.
Used my VA loan to get a home near the beach at 3.5% fixed with no down payment. Feels good man.
Also - I work in foreclosure and can tell you guys with certainty that it was not solely sub prime lending that crashed the market in 2008, but was ARM and Balloon mortgages sold to low income households that contributed the most. Blacks and poor whites did not understand the terms of the lending agreement and after the 3 year mark down period, they defaulted after not being able to afford 10-12% interest rates.
When the loans went into FC, less than scrupulous banks (Citi, Chase, mostly) bundled good mortgages with defaulting ones and sold the packages to the highest bidder (other banks) without notifying them of the bad loans. This in turn tanked the whole package, bankrupting many smaller financial institutions.
This is a VERY abbreviated version of the story mind you
>>78057467
Congress created subprime through "housing ownership access". POTUS can protect market/people from Congress.
>>78057624
>When the loans went into FC, less than scrupulous banks (Citi, Chase, mostly) bundled good mortgages with defaulting ones and sold the packages to the highest bidder (other banks) without notifying them of the bad loans. This in turn tanked the whole package, bankrupting many smaller financial institutions.
So you're saying that it was the derivatives that was the problem? Well then i guess its going to be ok, because they totally fixed that.
>>78054414
are you fucking stupid? what do you think the IDs are for, no one needs to point out samefagging idiot
>>78057806
American government is controlled by market, not other way around, you even have AIPAC that directly Jew invests into decisions of politicians. As matter of fact American candidates and their promotion on television is all prepared beforehand by private market billionaires. Government only says what billionaires already decided.
I have some savings, but I still need a crash if I wanna buy where I actually wanna live.
So cmon, burn it down.
dont they have to buy mortgage insurance for like $200/mo? if i recall, mortgage insurance is required for less than 10% down payment
>>78058045
Yes and no, Euro bro. Mostly, it was the adjustable rate mortgages pushed on the poor. The banks made it seem like a great deal -Jews jewing- and unethically did not explain the terms to these people.
Keep in mind that the people taking out these loans (thanks to Bills "halp da blacks live free!!1" lending policies") were making minimum wage many times and the banks were lending egregious amounts to them under usury terms. Because what they were doing was not "technically illegal" we got a huge bailout and America got buttfucked. Sorry I'm mobile and wish I could explain in more depth but typing on this thing sucks
>>78057031
No but their greed is causing it.
In Canada they have measures in place to prevent this shit. Which is why Canadian bankers make less money.
Unfortunately our economy is heavily influenced by the us.
I hope there are no bailouts and let the.greedy bastards crash and burn.
.t banker
>>78058584
>.t banker
Better start making an exit plan, the goys are going to want blood after this one.
>>78058579
So basically the same shit they are doing now then.
>>78057281
Jubilee is this year and every Jubilee something big happens. I also expect the third temple to be completed and the antichrist to show himself amidst the chaos.
>>78057031
Remember an article about a meeting with rabbis from Israel and USA where they discussed if they should "support" the USA or China?
Don't be surprised with a new crises destroying the world economy and all the gold from the US going to Israel and China.
The parasite needs a new host.
>>78054327
>YFW your Twitter feed is full of man children who pay 10s of thousands of dollars of their money flying to Muh Ibizea or Muh Cochella...
>YFW these faggots are either un-employed or just smoke weed all day
>YFW four of these guys can go in together on one house, renovate it and sell it to make about 20-30 K profit each splitting the work themselves... Learning how to pick up a hammer... Learning how to fucking paint a wall...
>YFW because of the lack of these types of activities from or youth, the Asians are coming in and stealing our Realestate and doing this shit while profiting on it ON TOP OF killing us on trade to the tune of $500 Billion per year.
>>78060073
No one knows the year of Jubilee. The Jews stopped celebrating, and tracking it, years ago. It has no memetic effect anymore, because know one cares about it, or even remembers what it is.
>>78060470
>The parasite needs a new host.
Yeah, the old one is dying. Time to move on.
>>78050820
Ginne Mae already offers 3.5% down mortgages, they're called FHA loans. Fannie Mae already offers 0% down through Homepath. Also these loans are not sub prime. The sky is not falling retard.
t. loan officer
>>78058418
Less than 20% except on VA loans, and yes they do.
>>78055271
>You should be at least able to make 120k over a couple of years while living on your own.
trust fund baby with jobs from family friends?
>>78060494
Profiting? Maybe not. My Korean neighbor tried this. Ended up selling for 50 k less than they paid and this is after putting 25 k plus in renovation and letting the water line burst 2 winters in a row which requires expensive repairs.
>>78060494
so the asians are picking up hammers and painting walls?
>>78062041
>letting the water line burst... twice.
I cant figure out why this Korean guy is losing money flipping houses.
>>78050820
>WHAT THE FUCK DID OBAMA DO?
he let in rapefungies
they all need a home right?
that means the prices will go up
and they need a big home for all their jihad babys
>>78050820
Oh, nice. That puts me ahead a year for buying.
>>78054072
How?
Watch as nothing happens
Like fucking always
Saged and filtered
>>78056211
>before he hikes interest rates
that's true, fixed rate mortgages are as much as thing of the past as gold nuggets in California streams
>sell house
>raise interest rates
>rinse out bankrupt homeowners
>repeat
>>78056211
That's why I locked in a 15-year mortgage at 2.75% fixed. Oh, and 20% down, of course.
People I know are getting variable-rate mortgages with very little down, which is insane.
>>78051887
romani btfo!
>>78058579
>(thanks to Bills "halp da blacks live free!!1" lending policies")
I almost thought some truth was actually going to be discussed in this thread.
http://www.nytimes.com/2008/12/21/business/worldbusiness/21iht-admin.4.18853088.html
>Bush drive for home ownership fueled housing bubble
>>78052985
Sauce? Background?
I wonder if this has anything to do with our recent loss of the 4th amendment.
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.supremecourt.gov/opinions/15pdf/14-1373_83i7.pdf&ved=0ahUKEwjXjYOY77nNAhWGgj4KHSYuCX4QFgghMAM&usg=AFQjCNFKAHXaUafrPVb3bfpIJI2XSNNxGQ&sig2=TXOkwqc3v0vPMqE0F9TQGg
Tl;dr cops can do any illegal activity with no repercussions.
They can stop and search you just for not liking your face.
fucking relax guys, theres a new happening every fucking week on this forum. a crash like in 2008 only happens like once a lifetime
>>78065818
"What's the problem officer?"
"I saw a Trump sticker on your truck. License and registration."
Thought crime begins, only it's subject to what the individual cop believes.
>tfw living with your parents and don't care
>>78054093
Move to Silicon Valley, shit out awful code and get paid 120k a month to do so, move to Texas and chill
>>78066168
>>78066585
no im not a fucking jew, im just tired of the fucking
>oh shit habbening guise! defcon 3!!! defcon 3!!!
>>78067459
>>78059151
Yea man but in Canada. It's totally different here. Road blocks by the government for the smallest shit. It gets frustrating but pretty safe. They're laying off all the low level shits now though as machines are taking over.
>>78066168
>a crash like in 2008 only happens like once a lifetime
Yeah, you're right. This one is going to be a lot worse.
basically we are in a bad time for the economy.
See under normal recovery periods, interest rates drop when a recession happens then climb back up.
But the economy is so fucked up, with little to no wage increases and a shrinking labor pool. The federal reserve is having issues bringing interest rates up.
This causes people to spend money like crazy with such low interest rates. Thus propping up things like auto loans ( average loan now ~30k ) and housing markets.
In fact a lot of economist are worried about millennial generation as rent prices are sky rocketing making it hard for them to build up a savings to afford a down payment on a new home. While old people are snapping up homes with their amazing credit and savings turning them into high priced rentals.
So the next crash will happen soon and it will be just as brutal as the 2008/09 crash. Just this time I hope it forces older people to retire. instead of firing all the entry level workers
>>78067774
ok i admit i am a jew, and we will collapse the housing market and theres nothing you can do about it because we control all your means of fighting back >:^)
>>78052107
who cares about your cardboard shithouses
>>78053345
Thanks for mentioning WV. we really are a based state, just kinda poor. Fuck the EPA for killing coal.
>>78068158
Have fun with the mudslimes, Kraut.
>>78068757
Fuck coal. Long live the atom.
>>78068030
>>78054131
you aren't looking hard enough. I made $6k last month with a community college education.
If any of you daft cunts live in a major city and complain about housing prices you need to be castrated. You can buy a nice house with land for 25k and fix it up for another 15k and be living better than any stupid fuck who spends 400k in Toronto or Austin. Not like you can't find a job flipping burgers in the middle of nowhere since you're all autistic faggot NEETs currently anyway.
>>78070598
>citation needed
>>78071243
Just look at any site that sells houses, he is not wrong.
>>78072363
I'm looking in my area.
Tons of crack house in bad neighborhoods.
>>78072464
What city do you live in? Is it a major or large city? Did I really need to explain that I'm talking about a rural estate? I just purchased a house in cash in my early twenties no worries.
>>78072894
I live in Arkansas.
Doesn't get much more rural than that.
No major cities except maybe Little Rock.
>>78050820
>WHAT THE FUCK DID OBAMA DO?
He put all the fixer-uppers under Section 8.
Stupid white people now look forward to renting to niggers, not knowing that said niggers are the lowest of the low [along with anyone else kicked out of the projects or DQ'd because of felonies], and will likely trash the property.
Source? LIFE EXPERIENCE, BITCHES.
Former homeless guy here... found a transitional housing program in PA. Only non-hardcore drinker [and non-felon] of the lot, they put me in one of the nicest housing projects in the mid-Atlantic. The rest got roach-infested Section 8 apts., and they were so damn drunk all the time, they were just happy to live indoors.
>>78053345
The cities where demand is highest to live in usually have retarded zoning laws which cripple the ability of developers to deliver affordable market rate housing.
>>78072464
>bad neighborhoods.
So don't live in neighborhoods.
>>78074437
It's like talking to the fucking riddler
>>78064873
>15-year mortgage at 2.75% fixed. Oh, and 20% down,
Nice terms.
>Brexit
>Nexit
>this
HABBENING
The last time it crashed they didn't really fix the issue
It was a band-aid that was bound to fall off
>houses aren't worth anything when they're surrounded by niggers and Mexicans
>US is 61% white and 4% asian
>35% of housing becomes worthless due to white neighborhoods becoming culturally enriched
>>78074632
I am saying buy a house in the middle of nowhere. Who cares about if its it cheap as shit or the neighbors are retarded if they live 1 mile away?
Necessary correction to bullshit marketeering tactics employed by a rabid housing/taxation complex.
Have you seen the prices they charge for a 2bed/1bath home in a city? It's outrageous. Nobody can afford to live there, but HGTV is constantly telling people they need to bid ABOVE asking price or they might not get the home of their dreams! Real estate companies encourage this bullshit because realtors get a cut of what the house sells for and the cities themselves don't give a shit because if a house sells for way more than what it's worth they just shrug and rake in all that extra property tax. A sub-1000sqft apartment is not worth over $1000 bucks a month. People who shout "you're paying for location!" are either liars or fools.
It's a downfall of capitalism. People will tell me "It's worth that much if someone is willing to pay that much!" and then they act surprised when these artificial bubbles burst. You reap what you sow you bastards.
>>78070598
>400k in Toronto Lad. The average house in Toronto is like 1.2 million. I live 25 minutes outside the city in a piece of shit near the highway that cost 160 grand 10 years ago and is now worth 950. The market is fucked. Best thing to do now is move to rural New Brunswick or Nova Scotia and build your own place.
>>78051615
Know dat feel. Ugh.
>keep interest rates at basically 0% for decades
>surprised when another bubble forms
Anyone with half a brain would have seen this coming. The goal in Washington was never to let housing prices naturally correct. It was to continue to prop them up so the bank and other people who bought in at inflated prices wouldn't lose their shirts, real estate agents would continue to be employed, etc.
>>78077541
DING DING DING
Also known as kicking the can down the road.
>>78077727
Also known as quantitative easing.
>>78077541
Oh yeah, my dad works in real estate and talks about this once in a while.
It's crazy shit. He always told me about how he hates how his generation's problems are going to be mine when I grow up.
Fucking boomer scum.
>>78052358
So what the fuck happens when the student loan bubble pops?
Am I fucked?
>>78077873
Liberals like to decry the wealth disparity, but the fact that Obama's economic policies have continued to increase disparity is a non sequitur to them.
>>78077995
2008 all over again.
You lose half of your life savings and retirement investments. The money all goes to jews.
>>78077995
>what happens when a 1.2 trillion dollar higher education bubble pops
>what happens when the 1 trillion dollar auto loan bubble pops
>what happens when 2008 happens at half the scale all over again... 8 years later
Idk. You tell me. Instead of us owing 19 trillion eventually,
we'd owe 2+ trillion right the fuck now.
Want to really hate the red pill. Look up who we owe it to.
>not owning or renting
kek
>>78078592
That is if you don't invest in agriculture and water wells.
>>78050820
This is Brexit's fault!
>Houses are more affordable and more plentiful meaning more people can buy a house
>This is somehow a bad thing in any way
Fuck off retards.
>>78078488
Yeah, and then they blame capitalism.
To big to fail in capitalism? lol.
Banks should have crashed, bankers should have been jailed and people with shit loans should have been thrown out onto the streets. That's what should have happened. Now it didn't happen then so it will happen now instead, only this time its worse. Its like trying to drink your way out of a hangover.
>>78078945
>>Houses are more affordable
No they aren't you fucking retarded anglo. They are less affordable then ever because of unprecedented credit expansion and millions of retarded indebted goys overbidding each other for overvalued real estate.
can it happen tomorrow, i dont wanna go to work
>>78077879
why not just kill the boomer(s) and take their money
>>78050820
Buy gold or gold miner stock faggots. Seriously, your cuck wages might be worth borderline nothing soon.
>>78054131
Join the army?
>>78080722
military is decent if you're married or have a kid because they basically pay your mortgage.
>>78078869
>they are waiting till brexit happens to crash the plane so British politicians will come crawling back to the EU
Well looks like I won't be buying a house any time soon. Time to wait for the housing market to collapse again.
>being a NEET and not moving out payed off
