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  • LAVA Moderator: Shinji Ikari

the market: stocks, bonds, options, whatever

The Global Housing Market is Heading for a Brutal Downturn

A pandemic-induced property boom peaked at the end of 2021 but the sector is now braced for the broadest slowdown since the financial crash


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Hurry up and crash already! How long does it take these days?
 
What a fucking backwards inside out world we live in. Of course, it won't get any better for those with mortgages, young people looking to buy (get a mortgage), those who are renting. So where's the fucking downtown? Oh that's right, housing is now commodity to be speculated and traded against, and a lifelong debt trap, instead of being places to ensure people are secure and have good wellbeing.

Fuck housing. This problem is global (cost, debt trap, design, etc). I hope the market crashes, people lose their homes, fall into negative equity, and all that jazz. Then maybe we can start a conversation about what housing should be, and what it shouldn't be. Oh who am I kidding. We'll all be in 'liveable cities' and fucking pods within a decade.
 
thujone said:
let us know how you like it, i've been thinking of setting up an IB account for non-registered trading. i mostly just care how good (open) the API is and whether they let normal account holders use it instead of locking it away behind some "professional" tier.
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I can't comment on the API, but I decided to close the account.* The bond trading is not really viable for the relatively small sums I was hoping to invest. It's actually a lot easier to invest in individual bonds via my Canadian bank broker, although in that case the fees are prohibitively high for low-value or low-duration transactions. I guess retail bond trading is still in the dark ages.

*I'll probably leave a couple dollars sitting there in case I decide to do something else with it later on.
 
yeah, fees are far too high on average. I have my registered accounts with Questrade mainly because of the almost-nothing fee for ETF trades. It's a pretty decent platform, all things considered.

-=SS=- said:
Oh that's right, housing is now commodity to be speculated and traded against, and a lifelong debt trap, instead of being places to ensure people are secure and have good wellbeing.
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I believe that real estate investment has become the shame of our society. Every time government gets involved, they just fuck things up more. We're on our own in looking for solutions.
 
A lot of these platforms were moving money around from platform to platform and counting it on their balance sheets to appear more liquid

 
Establishment backed ponzi schemes, designed to soak up as much wealth as possible from the plebs, before rinsing it out. All across the board we're being rinsed, from food to petrol to various taxes.

Transfer as much wealth as possible, upwards, to leave the plebs as vulnerable as possible. Then pull the plug, and offer the new shiny digital currency solution (and UBI, etc).

Just prior to 2008 there was incredible ease of access to loans of all shapes and sizes. Credit was everywhere. Got people on the hook. Then shat on everyone. Same old same old.
 
Electrum1 said:
Great

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heath ledger joker GIF
 
Most traders (not investors) are emotional and lose money. So I wonder if this is a sign we're at or near a bottom?

FhpNWtyUAAAVGSn
 
My shit's so slow. It took me over two minutes to post in here. And another two or more to react !?!
 
i was for certain that the bottom was in when we went down in June when LUNA tanked...and that still is the bottom so far - we've come back up from there and mostly just been sideways - even FTX didn't bring it that low and i was hoping it would happen because i'd love to be able to catch that again

it's an interesting time tho that's for sure - they're saying that the collateral damage hasn't come in yet, but it's coming.....
 
kiely said:
Crypto is a currency. Don't invest too much in it. Have some other assets. And investments. 👍
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Invest in yourself. If 'they' don't take it all in the near future, which they probably will, then death will take it all anyway.
 
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