I was trying to explain to DH what I think is going to happen with housing, owne

[CC27]

chowmama (629 posts)

I was trying to explain to DH what I think is going to happen with housing, owned and rental, in this current insanity.

I think he’s finally listening.

First, we’re deporting a lot of people. They all lived somewhere. Then there’s the number of people who are losing their jobs due to Douche. The tariffs are also going to force a lot of workplaces to close or cut way back because they can’t afford or simply can’t get the tools, parts or supplies they need to operate. We can't make them here without building the facilities that will need the imported machinery and supplies to get started and that process takes years anyway. More jobs lost.

People who aren’t working won’t be spending, so there goes retail. People who depend on Social Security and the other safety nets also won’t be spending. As retail fails, more jobs will be lost. People who lose their jobs often lose their homes. Go figure.

So, with a lot, and I mean a lot, of empty units, housing and real estate values are going to eventually plunge. Now the banks get involved. I remember this from the last recession. Your property goes underwater and you owe more than it’s actually worth. Often a lot more. They’ll start calling in the loans to be paid in full and when you can’t do that, they’ll foreclose.

And who can pay their loans in full at a moment’s notice? Our economic experts and entire economic structure insist that you be mortgaged to the hilt. You were supposed to buy or build the biggest house that anybody would loan you money to afford. (Hello, McMansion!) Same with cars. No debt, no credit rating. And I’ve personally sat through 401k investment meetings where the speaker told us it was crazy to spend money paying down debt when you should be investing it instead. One stopped me personally after the meeting because I’d stopped paying in and I pleasantly told him that none of his funds were paying anywhere near the interest on my loans. I was actually money ahead paying off my debt. He smiled and walked on. Research is a bitch.

Of course, now the stock market is tanking. Goodbye, 401k. At least it wasn’t a lot of money.

All of these foreclosed homes? Now empty. And we take another circle around the drain. Rinse, repeat.

I think we’re headed for a full-fledged depression, lasting a number of years. I hope I’m wrong.

https://www.democraticunderground.com/111699790

More DUmmie stupid.

[FunkyZero]

No different that arguing that if we shut down the illegal drug smuggling, it will put a bunch of people out of work and negatively affect the economy.
They fail to acknowledge the flawed foundation on which all of this is built. Government is not a welfare system for providing jobs. Illegals consuming both jobs and housing have raised the costs for all of us while suppressing wages for legitimate citizens. We will never get jobs back here without eliminating incentives to produce overseas. DUmmies are partisan idiots, nothing else matters to them, it is all about power and propaganda as a means to achieve it.
They are Ok with taking 19 vaccines that make you a little sick, all in the name of the bigger picture of avoiding contracting a deadly disease, but for some reason, this economic vaccination is unacceptable because it will be a bit painful.
Every day they prove more and more that they do not have the best interests of our nation in mind.

[SSG Snuggle Bunny]

If housing is being vacated by the millions, housing supply goes up. As inventory goes up, prices come down.

[67 Rover]

No different that arguing that if we shut down the illegal drug smuggling, it will put a bunch of people out of work and negatively affect the economy.
They fail to acknowledge the flawed foundation on which all of this is built. Government is not a welfare system for providing jobs. Illegals consuming both jobs and housing have raised the costs for all of us while suppressing wages for legitimate citizens. We will never get jobs back here without eliminating incentives to produce overseas. DUmmies are partisan idiots, nothing else matters to them, it is all about power and propaganda as a means to achieve it.
They are Ok with taking 19 vaccines that make you a little sick, all in the name of the bigger picture of avoiding contracting a deadly disease, but for some reason, this economic vaccination is unacceptable because it will be a bit painful.
Every day they prove more and more that they do not have the best interests of our nation in mind.

So much for the myth of the pro union party.

[Carl]

Nothing is funnier or wronger than a DUmbass trying to talk about economics. 

[BannedFromDU]

     No, you g-d stupid meathead liberal a-hole, let me remind you of what one would learn in an economics course:

     Y = C + I + G + (X-M).

     C is you and me. I is businesses. G is the government. The rest is exports and imports.

     Now then: Trump is finally shutting down C to some extent, and is also creating incentives for C and I via tax policy. As a result, there will be some impact to Y, but to the degree that G shouldn't be a big part of GNP, that's a GOOD thing. G is "crowding out" I, which is a BAD thing.

     There will be short term "pain" as the government shrinks to a more appropriate size. Unemployment will increase for two reasons: first, the government should never have employed that many people in the first place, and second, the lying-assed Biden admin was cooking the numbers anyway.

     Now shut up and go take your drugs.

[CC27]

     No, you g-d stupid meathead liberal a-hole, let me remind you of what one would learn in an economics course:

     Y = C + I + G + (X-M).

     C is you and me. I is businesses. G is the government. The rest is exports and imports.

     Now then: Trump is finally shutting down C to some extent, and is also creating incentives for C and I via tax policy. As a result, there will be some impact to Y, but to the degree that G shouldn't be a big part of GNP, that's a GOOD thing. G is "crowding out" I, which is a BAD thing.

     There will be short term "pain" as the government shrinks to a more appropriate size. Unemployment will increase for two reasons: first, the government should never have employed that many people in the first place, and second, the lying-assed Biden admin was cooking the numbers anyway.

     Now shut up and go take your drugs.

High five

[CollectivismMustDie]

DH?

The DUmmy has a Designated Hitter?

You know what, nevermind, I really don't want to know.

 

[SVPete]

Of course, now the stock market is tanking. ...

In the real world, as of 2/4/25, the DJIA is up a bit from 1/2/25, https://www.statmuse.com/money/ask/dow-jones-performance-in-2025 , with a rise having begun the week before Trump was inaugurated.

The rest of LPC Noob chowmama's doom-saying is similarly based on her fantasy-perceptions of what is currently happening. The self-deportations and lay-offs of bureaucrats will prove to be a