"Deal Killer - Powered by Focus" (dealkiller-ii)
05/16/2020 at 23:51 • Filed to: None
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"Deal Killer - Powered by Focus" (dealkiller-ii)
05/16/2020 at 23:51 • Filed to: None | 0
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Just because I’m not depressed enough about today’s economic outlook, I’ll look back to the time when the housing market took it’s biggest shit in the last 70 years.
Available for free on Tubi.com
gmporschenut also a fan of hondas
> Deal Killer - Powered by Focus
05/17/2020 at 00:35 |
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Its fas cinating how people still get stuck on the mortgages (7tril) and skip the default swaps (45 tril) .
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Deal Killer - Powered by Focus
> gmporschenut also a fan of hondas
05/17/2020 at 00:45 |
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I lived through this in the real estate world. This is where my user name came from. Killing real estate deals left & right during the housing crash. I was really, really popular 10-12 years ago. Realtors hated me.
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gmporschenut also a fan of hondas
> Deal Killer - Powered by Focus
05/17/2020 at 01:41 |
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My cousin was just getting into the industry. Her main job was staging homes and it was nuts. Bidding wars the second stuff was listed. Funny part was because the company was only focusing on high end stuff after, she got even busier.
LastFirstMI is my name
> Deal Killer - Powered by Focus
05/17/2020 at 03:22 |
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Great movie. Just when you think people learn from history- yesterday a realtor friend of ours tried to convince us that the housing market is fine....
DipodomysDeserti
> Deal Killer - Powered by Focus
05/17/2020 at 05:08 |
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I bought my house in 2009 as a 22 y/o college grad . My neighbors just paid 3x what I did and they’re fifteen years older than me right now and were just furloughed.
The housing market is fucked. I’m saving up to buy their property, which I’m guessing I’ll get at a discount on in a year or so. Trying to save up cash, because fuck dealing with a bank. Bigger assholes than real estate agents.
TorqueToYield
> Deal Killer - Powered by Focus
05/17/2020 at 07:13 |
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My favorite part is where the bankers realized housing prices had never gone down in modern history and then hedged insane amounts of leveraged debt on top of that theory (housing prices can never go down).
And then they blamed the whole house of cards on the rubes they conned into taking crap balloon mortgages and everybody believed them.
I’m really bothered by the loss and total disinformation rewrite of a what happened in modern history (since 2000).
JeffCronin
> gmporschenut also a fan of hondas
05/17/2020 at 10:59 |
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Yeah, people have a hard time understanding swaps though and everyone knows how to think about mortgages. All of the bond market shenanigans deserve more attention than they get.
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gmporschenut also a fan of hondas
> LastFirstMI is my name
05/18/2020 at 10:27 |
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a coworker and their wife bought house last summer in a trendy little city, and in self justifying “prices for the last 10 years have only gone up” and I think, yeah after they took a 30% dive the year before.
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gmporschenut also a fan of hondas
> TorqueToYield
05/18/2020 at 10:37 |
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In grif topia, Matt Taibbi points out while this guy is ranting about bailing out mortgages, hes inside the Chicago commodities market, the same assholes that ran up the price of oil, with no change in use or demand.