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The current housing bubble is so big, that the movie The Big Short (2015) is feeling dated

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  • registered

    Shtcoins day in & day out

    Member since 04/28/2022.

    25 posts. Last post 3 years ago.
    4 years ago 06/04/2022 1:04am EDT
    re: jamin

    Jamin, I like Peter Schiff but this was 2006. Now listen to his views on crypto in 2021-2022.

    YouTube.com
    PETER SCHIFF CLAIMS BITCOIN HAS NO REAL VALUE
    IMPAULSIVE Clips
    Video from Ep. 301 Why Bitcoin Will Die (w/ Peter Schiff) https://www.youtube.com/watch?v=LDElyHjGc-o&t=1493sWear Maverick Clothing ► https://maverickclothin...
    Watch on YouTube

  • Professional hobby jogger

    MatthewXCountry

    Member since 04/02/2011.

    1,508 posts. Last post 5 days ago.
    4 years ago 06/05/2022 6:54am EDT
    re: Shtcoins day in & day out

    Shtcoins day in & day out wrote:

    Ex L wrote:

    You know, in the movie they did not short housing prices.

    They shorted the banks.

    So what should be shorted now?

    Coinbase stock (COIN)

    Grayscale Bitcoin Trust (GBTC)

    Microstrategy (MSTR)

    all of crypto, except in an unregulated market too dangerous

    Sure they might short crypto, but that wouldn't cause a housing crash. Almost no one is paying their mortgage by selling bitcoin for a living.

  • registered

    subfour359

    Member since 03/16/2020.

    103 posts. Last post 1 year ago.
    4 years ago 06/05/2022 9:40am EDT
    re: RE: Ality

    Bush and the Republicans could'nt get out DC fast enough. Economy was near depression.

    They handed Obama a bag of doo-doo to clean up.

  • registered

    Bad Wigins

    Member since 03/22/2013.

    25,050 posts. Last post 1 year ago.
    4 years ago 06/05/2022 11:39am EDT
    re: jamin

    Real estate, not housing. The people who drove the bubble aren't living in their properties. When it crashes, they'll deserve their losses.

  • registered

    smallberriesjon

    Member since 03/22/2020.

    14 posts. Last post 4 years ago.
    4 years ago 06/05/2022 2:15pm EDT
    re: jamin

    There was trend of people moving away from the city to the suburbs or out of state in hopes of remote work being a permanent mainstay. But if employers are enforcing office hours, which they are now, that could be quite a predicament for the newer home owner.

  • NYT reader

    Anonymous Poster

    3 years ago 06/29/2022 6:02pm EDT
    re: smallberriesjon
    The article jamin was waiting for:

    nytimes.com
    Cost of Owning a Home Surges Above the Cost of Renting One
    By Gregory Schmidt
    A new report shows that having a mortgage is far more expensive than having a lease, a disparity that is helping to cool a red-hot housing market.
    Open link
  • registered

    Bio Dome

    Member since 05/11/2020.

    149 posts. Last post 2 years ago.
    3 years ago 06/29/2022 11:12pm EDT
    re: jamin

    Jamin - Maybe pick up Liars Poker. Still my favorite Michael Lewis book.

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