GoFuckYourself.com - Adult Webmaster Forum - View Single Post - The housing market looks about done here.

onwebcam · 07-02-2017, 07:49 PM

The shit will hit the fan before long. It's ridiculous in my town. People are grossly overpaying due to low interest rates. The problem this time around rather than the last is the bankers took it on the chin by reducing interest rates and shaving interest off loans to reduce peoples payments instead of further reducing home values. This time around the people will be taking a huge beating. It will all be equity loss. There's no interest to shave. No doubt whatsoever many will be 50% upside down when it does go down.

07-02-2017, 07:49 PM
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,653	The shit will hit the fan before long. It's ridiculous in my town. People are grossly overpaying due to low interest rates. The problem this time around rather than the last is the bankers took it on the chin by reducing interest rates and shaving interest off loans to reduce peoples payments instead of further reducing home values. This time around the people will be taking a huge beating. It will all be equity loss. There's no interest to shave. No doubt whatsoever many will be 50% upside down when it does go down. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.