Housing bubble.

[Alitis]

Why do you need to post this in a game forum ? Stop posting irrelevant things please

He's posting in the right place for this kind of discussion. There is a reason these forums have a place for non-game discussion. You're in the wrong, not him. If it annoys you, happily go fuck off to a part of the forum that's not listed as "General discussion and socializing".

At least the rest of the posters used humour or disagreed in a polite manner, but you seem to need a psychological relief through anonymously cursing in the first chance you get !
I wish you good luck in handling yourself mate. It must be really hard

[Trappin]

Horrified fascination? Do you require the services of a fainting couch, m'lady? Perhaps a soothing herbal chai tea and soft non-gmo organic soy biscuit?


WE NEED A SCAPEGOAT! PRONTO!!

[jordancoles]

What's the deeeal with the housing market?

Am I right?

Crazy times we live in ... with this current economic situation

and how it effects the price of housing

and in turn

how it effects our debt, loan and banking situations

crazy times ...

It's unbelievable Jerry! All this housing coming out of the market's wazoo, Ho ho! The housing prices are going nuts on that debt and loan! Who do those realtors think they are! Heh, now let me tell you Jerry, if I was in charge of them they'd all be living with their parents!

It reads better with this

[Jalpha]

But Jerry, there has to be a way to make money from this!

Consumer spending is down, our dollar is dropping, we're in the middle of a drought which has gone for eight years and which still has another two to six years left in it, one of the banks here has just hiked interest rates despite everyone telling them they shouldn't (the other banks will soon follow), wages haven't been keeping up with inflation... I could go on. It looks as though our economy is about to spiral into decline. The only spark of hope for most of us is some whispers that China may be gearing up for another economic expansion and they buy a lot of their raw materials from us.

We haven't been getting along well with China lately though. Accusations of spying have seen them locked out of big contracts here and they have censored at least one of our main news websites.

Personally I'm just like;


I mean people could just default their loans but... That's only going to make things worse for everyone.

[MagicManICT]

You're starting to sound like you live in the US, except we're still in that same position from 10 years ago.

[Jalpha]

People are greedy I guess. There was a lot of tax revenue made from this situation and I'm sure savvy investors will have bailed and moved onto other things well before they have lost much wealth. So even the government was encouraging this situation by reducing planning approvals and driving up demand. Spring here has been a period of high rates of property turnover but for the first time in ages supply exceeds demand. It's a little disturbing that this trend was initiated so close to the housing collapse in the USA. China put laws in place preventing their investors from continuing to invest in the property market here some years ago now. It's on the same tier as the bitcoin fiasco. Lots of small minded people buying up at inflated prices.

Personally I'm well insulated financially and may actually profit from this as investors move out of property and into shares instead. I've been waiting ten years for this. I just feel bad for all the mindless little people. It will be interesting to watch in any case. There will be a lot of opportunities and money will be made and lost as market volatility increases. I suspect this is housing bubble 2.0, building upon what was learnt from the collapse in the USA. Undoubtedly the effects will be much softer.

[NOOBY93]

People are greedy I guess. There was a lot of tax revenue made from this situation and I'm sure savvy investors will have bailed and moved onto other things well before they have lost much wealth. So even the government was encouraging this situation by reducing planning approvals and driving up demand. Spring here has been a period of high rates of property turnover but for the first time in ages supply exceeds demand. It's a little disturbing that this trend was initiated so close to the housing collapse in the USA. China put laws in place preventing their investors from continuing to invest in the property market here some years ago now. It's on the same tier as the bitcoin fiasco. Lots of small minded people buying up at inflated prices.

Personally I'm well insulated financially and may actually profit from this as investors move out of property and into shares instead. I've been waiting ten years for this. I just feel bad for all the mindless little people. It will be interesting to watch in any case. There will be a lot of opportunities and money will be made and lost as market volatility increases. I suspect this is housing bubble 2.0, building upon what was learnt from the collapse in the USA. Undoubtedly the effects will be much softer.

Those damn fools with their silly economy degrees and their stupid trading experience, wasting their money on real estate while I snicker and smile from my '98 Ford Fiesta and slyly sponge my body just waiting for the opportunity to give those smallminded worms a big "i told you so" as i get rich and rent my own living quarters.

[Jalpha]

They don't have degrees in economics man they are ordinary people like your mum and dad.

[NOOBY93]

They don't have degrees in economics man they are ordinary people like your mum and dad.

My mum and dad prob learned nothing from their masters and careers except how to be stupid conformist sheeple

You should have a sit-down with them in your house and teach them some economics, me and u will sit in the front seats

[Jalpha]

So your advice is to buy into bubbles?