This was in 2008, when the economy hadn't shut down, its coming again, soon

10 million filed for unemployment in the US alone in one month
>nothings going to happen

This guy fundamentally misunderstands technology. Stop sharing his videos like he has any relevant information that people can use.

whats the house valued at and how much did you have to put down?

Only 65k?

Either you had a really strong starting net worth/huge down payment or you're living in the ghetto

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appraisal came back at 76500
cost is 75000
putting down 10000
mortgage of 65000
3.9% fixed at 30 years
payment and insurance of less than $300 a month

I plan on building a 12 month cushion for payments and on making at a minimum bulk payments of a $1000 every year if not $2500 or higher depending on how things go

wait 6 months

suburb in poor euro country in great condition and in a great location

apply extra principal payments once a month in case you need that bulk payment sometime during the year. life happens...

the banks are finicky and wont allow you to do that, if you want to make principal payments they must be done in bulk, she didnt tell me a minimum amount but she said it has to be "something like a 1000". They charge you 2% on top of that as a fee, which means they really don't like it for you to pay your mortgage down lol, sucks for them.

Like I said I will save through out the year and if things go well I will make that bulk payment every year and I should have a cushion in my account to last at a very minimum six months although id like for that to be a years worth desu

>10 million filed for unemployment in the US alone in one month
Governament can support them thanks to the liquidity excess of money printing

this videoe came up youtube.com/watch?v=waNLk5LOfY8
>the Boatengs saw a nice neighborhood
>wow i want to live here!
>bought a 617k house on a subprime loan
>were able to pay for 2.5 years
>have not made payments in 6 years
>owe $1.4 million now
wtf

Where? Just tell me country. Pls.

pretty based if you ask me. Fuck the banks

we already have to many americans, and french and germans and everything, over 90% of all real estate buys were for foreigners, please kindly fuck off and allow me the privilege of home ownership

Ah yes of course, the "liquidity excess of money printing," can you go into more detail about how that feeds people or creates housing?

I'm Irish. C'mon don't hate.
My country is overrun with south Americans. I just want a nice hot Slavic wife.

we dont have hot slavic women except for the ones that come from bulgaria and old brit milfs who put their kids asleep with surgical sedatives when they go play cards or swing, oh fuck oh shit i gave it away

How the fuck do they still live there - six years of nonpayment good God

Hahaha oh shit, yeah ok I'll let you keep it. I feel solidarity for anywhere that gets overrun with Brits.

$76k are you serious? where the fuck is this at?

Bought a house for $300k two years go. Scared I was buying the peak. Zillow says its worth $600k now. Jpow and Trump are going to hell and back to bail out my profits now too. Might even vote for Trump out of gratitude for printing that much money to save my massive gains, probably even make me more money.

It's not going to happen. Housing market went to shit in 2008 because the whole crisis revolved around subprime mortgages. Homes and homebuilding will be fine, but commercial real estate will probably take a hit, what with all the companies declaring bankruptcy. But I wouldn't expect the same kind of opportunities you'd see a decade ago.