HOLY FUCKING SHIT IT’S HAPPENING

HOLY FUCKING SHIT IT’S HAPPENING

THE MORTGAGE INDUSTRY PONZI SCAM IS FINALLY COLLAPSING

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Lol like deflation has already started

LMFAOOOOOOOOOOOO

20%.... few will be able to own. But many will be able to live

what are general requirements for home loans in the US currently? what sort of credit do you normally need?

t. not from the US

Mortgage industry collapsing. Rentals properties are kaput. I'm sure auto loans will flop in droves. Cable subscriptions gonna tank even harder. Bankruptcies going through the roof. Makes me wonder if the government will make credit agencies wipe bankruptcies that are considered "Covid-induced" when all this is over. And of course this will only apply to certain people, not the people who are fleeced on a daily basis in our modern system.

>average home is 200k
>20% is 40k
>average american savings is 20k
LMAO ITS FUCKING OVER

>20k

i thought it was lucky to be 1k. i might be thinking about the median and not average

you can work with independent lenders that will give you the 200k loan for 1% down but the interest rate will be much much higher. many niggers do this.

It varies depending on the study. Any number is well below the ability to afford a 20% deposit, and with the lockdowns people will blow all whatever savings they have left on essentials. It's fucking OVER.

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>20k
Its sub 1k iirc

>average american savings is 20k
Majority have no savings or very little.

This sounds more accurate as "average" is easily proped up by rich people. Eg "average houshold income" is like 60 to 70k. There's two big things wrong with that.
>average (pumped by millionaires)
>household (combining multiple people while the average person gets told the average* income is 65k causing them to think they make very little [* = average household])

What I want to see is
Median individual income

Last I saw that was like 31k in the usa.

how is that new, i thought 700 credit score + 20% down were always the requirements

You've been able to get a mortgage with mediocre credit and 3% down for years as long as you pay into the private mortgage insurance scam and take a retarded interest rate. The only real requirement is you're not super high risk and you have the income to realistically make your payments. Hundreds of thousands of families are living week to week under a $300k mortgage which has only been paid off 3-10%.

>at LEAST 20%
this is basically just saying, NO ONE qualifies for a mortgage anymore. Which exacerbates the 'pay Landlord, then cant afford to save for deposit' Catch 22 problem. tldr, the kikes are driving us into extinction. Enough of this shit already.

Here comes Panictard McTrenchbrain with his own hot take.

LMAO BURGERINOS BTFO OUT!!!!

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factual argument r us
oh and fuck landlords again
enjoy extinction

What is it with commies and this fixation on landlords.

Again...lol

'the white race is becoming extinct because it has (literally) no room left to breed'
>fucking commie
fuck off already Moshe

Last time they did this was 2008. And then housing boomed To a whole new ATH.

>cities are the only places worthwhile to live in goyim; watch our Hollywood movies telling you so
Fuck off city kike.

I’m sure Airbnb has contributed to this and will cause a much more rapid fall. Subletting in general has become huge since 2008, but Airbnb made it on another’s scale with people subletting Multiple to dozens Of properties many of which they had mortgages on themselves.

Around 2 years ago in the UK i started seeing shilling for it everywhere, normies always talking about doing it, and the moment i knew this shit had peaked was when crowd funding houses to sublet became a thing and i saw adverts for it everywhere. I thought this shit was gonna pip and crash within a dew years after seeing that...

>we've Jewed the cities, next, we Jew the suburbs
your fucking day of reckoning is coming. and don't fucking 'kike' me, ever, don't you fucking dare

kike

rope

I swear to fucking god if the market is green tomorrow I’m going to lose my god damned shit

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>Cable subscriptions
WHAT KIND OF MINDLESS ZOMBIE STILL PAYS TO HAVE THE KIKE OVERLORDS BRAINWASHING PROPAGANDA BEAMED INTO THEIR BRAINS THROUGH THE TELEVISION?
THIS SHOULD HAVE DIED DECADES AGO

THE FED ARE ALREADY BUYING CORPORATE DEBT I WONT SAY IT AGAIN THEY ARE BUYING THE DEBT AAALLLRRREEEAAADDDYYYYYYYY

starts with B and drives a Ford GT.

FHA let’s you in with