Yeah shyt is crazy. Where I live in Philly there are houses that were bought earlier this year already on the market with a 150%+ markup only to be reduced repeatedly... I'm like who tf are buying these overpriced houses 
Spooooooky!!! Anyone else feel like we're in eerily similar times today as we were in 2007-2008. Only top 20% have more savings than pre Covid
- Thread starter GnauzBookOfRhymes
- Start date
People are just tapped out. Between mortgages, student loans, car loans and general cc debt, American consumers are just tight on cash.
TheDarceKnight
Veteran
Yep. The student loan shyt just can’t continue as it is. Something has got to give. Just saw a study where I wanna say 49% of respondents says they’d take a month in jail if it would forgive their student loan debt. I’m
Surprised the number isn’t Higher honestly.
I don't think it'll be this recession or correction where student loans will come to head. I think it'll be the next one. That one will be ugly.
Red Shield
Global Domination
I dunno man. I think once one bubble pops this time, all of them will be.
DonFrancisco
Your Favorite Tio!
I have REITs and I don't think I that's happening yet. Of course my earnings have eroded
REITs are and will continue to be a good investment. Your dividends should be protecting you from any temporary losses.
Just make sure that your REITs aren’t holding a bunch of failed high maintenance properties like malls.
Red Shield
Global Domination
streaming services
lyft/uber/door dash/subscription services of random bullshyt
Don't think I would include streaming services in this
bruh, people are being nickle and dimed out here on FRIVOLOUS shyt.
I'd venture that people are spending more money now than they EVER did.
New phones every year, more money on flexing on the gram, etc.
Red Shield
Global Domination
All I'm saying is.. is I think most folk only have 2-3 streaming services. I could understand including that if people were getting every streaming service under the sun
Json
Superstar
Except for the streaming service, those are all random indulgences.streaming services
lyft/uber/door dash/subscription services of random bullshyt
You could do all those in one weekend on vacation and never use it again for the rest of the year.
it’s the emergency stuff like car breakdown that piles up either by zapping funds or piling on debt to monthly expenses.
DonFrancisco
Your Favorite Tio!
DonFrancisco
Your Favorite Tio!
I did sell some commercial REITs too early
DrBanneker
Space is the Place
Yeah shyt is crazy. Where I live in Philly there are houses that were bought earlier this year already on the market with a 150%+ markup only to be reduced repeatedly... I'm like who tf are buying these overpriced houses
Yeah man, the city isn't the only nutty place here. I was browsing the listings the other day looking at Bucks County and some of those places like in Yardley, Newtown, Richboro, New Hope, Upper Makefield...$700k+ for 3k sq. ft.
You'd think cats were on Long Island. This can't be sustainable.