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comment by ButterflyEffect
ButterflyEffect  ·  248 days ago  ·  link  ·    ·  parent  ·  post: Schroedinger's Housing Market, May Edition

There’s two options, right?

1. The bottom falls out which I’m assuming means lots of foreclosures, evictions, and upheaval of people and housing security.

2. Some sort of federal bailout or extension of renter and homeowner protection. I have no idea what that could look like.





kleinbl00  ·  248 days ago  ·  link  ·  

We're in that place where Steve Mnuchin is cutting Treasury checks to Blackrock. Have been lo these many months.

I've been using my GMA to prune my reading list. If I listen to what you say because I think you know something about money? And suddenly you start talking about flying fucking cars because you don't know what's going on with money? I no longer care what you have to say about money.

b_b  ·  248 days ago  ·  link  ·  

    I have no idea what that could look like.

Me neither but it sure as fuck better not look like a giant bank bailout without any restrictions on foreclosures like the last time. I think given the tensions we're living under already, that that would be a tipping point.