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Housing Crash Now IMMINENT. Worse Recession Than 2008 Incoming?
Jun 21, 2022
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Vincent James

"What is freedom of expression? Without the freedom to offend, it ceases to exist." - Salman...

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  • hey, too bad blackrock is buying them all, the thought of being able to buy a house for $100k again sounded great..

  • A good overview of next housing bubble ... Let me show you some safe numbers:

    • $100k House Price -> $500/mo mortgage payment @ 6% -> $2k/mo. gross income @25% qualification -> $24k/yr Gross Income (Wage ~ 1/4 Price)
    • $40k/yr (Median Wage) -> $3,333/mo gross income @25% qualification -> $833/mo mortgage payment @6% -> $166k House Price (Price ~4X Wage)

    I suspect that the House Median National Price is more like $300k than $166k (almost 2X the qualification limit) versus $40k/yr Median National Wage, so HOUSES ARE EXPENSIVE !!!

    • Double-Up: 2 Families/People in each House that formerly held only 1 to save 50% on cost of housing
    • Short-Sell: avoid foreclosure while still extracting buyer from over-priced house

    Policy Changes are also needed:

    • CUT IMMIGRATION TO EITHER NET ZERO OR ZERO TO REDUCE EXCESS DEMAND AND FREE UP SUPPLY
    • NO AMNESTY FOR ILLEGALS, WHOM WE DON'T NEED AND DON'T WANT
    • SEND ILLEGALS BACK HOME AS FAST AS WE CATCH THEM !!!

    When we do the above things, we will be sure to MAGA AGAIN !!!

  • Pretty sure that Klaus Schwab and the Global Zionist Jews are going to dump the world economies in the crapper . We will have a world wide failure of Society, Culture, Civilization. In the bible in Revelations 17 verse 15 And he saith unto me, the waterswhich thou sawest where the whore sitteth, are peoples , and multitudes ,and nations and tongues . 16 the ten horns which thou sawest upon the beast, these shall hate the whore and shall make her dessolate and naked and shall eat her flesh and burn her with fire. Now you may hate it but this is where you are now! Pretribbers be aware that there is no great escape and you were not left behind . Dont fall for the Strong Delusion.

  • We did not learn from 2008. We continued to give out mortgages at really low interest rates and with almost nothing down.

  • Google pay 97$ per hour my last pay check was $8500 working 1o hours a week online. My younger brother friend has been averaging 12k for months now and he works about 22 hours a week. I cant believe how easy it was once I tried it outit.. :) AND GOOD LUCK.:) HERE====)> https://www.Salaryto.com

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