Bitcoin nuking, got sell signals on 1 hour and 4 hour, soon to be a sell on the daily. Is the run over? I hope so.
ES1! looks like complete garbage but it is bouncing at 4060 as some buyers are stepping in at that level. NQ1! might go down to 12500.
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I don't think we'll see housing prices have anything other than a small correction unless political action is taken, such as preventing purchasing of housing as an investment by hedge funds or wealthy foreigners for example. Too much money is already invested in it.
I don't know, you could be right. Plus MBS is backed by the Fed, so it's different than in 2008. But it is really? If everyone is moving now and going to where they want to be, then all the boomers die off and their kids don't care about their expensive houses, what happens? I wish I had all the answers and could time it all out, because selling a house at the top of the market would be amazing.
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I was trying to buy a place around the 250 range. 2 bedroom rowhome usually. Offers were going in for 300k and all cash. I pulled out, no fucking way that’s worth it
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Also, I think the main reason housing prices is so retarded is because people aren’t moving due to the pandemic and supply is super low while demand is picking up
It's possible, but then again many could be moving because they're working remotely. So they're going to move where they want to while they can.
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Living space costs 9k€/m² here (excluding land) and if you move out of the city it's 6k€/m² in a village. My boss just paid 600k€ for a modest house that is so far away from infrastructure that it's basically a cabin in the woods. 7 figures for the cheapest house in the city.
Fuck them. Not buying boomer bags. I am patient. At some point the boomers die and their kids are gonna need money for OF subscriptions.
Yup, they really are boomer bags in a way. I'm fortunate enough to have a house which I like, but selling it for a ridiculous amount of money is tempting...
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BTC
ES1! sitting on the 50 day MA...
NQ1! buyer at 12500
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Elon just rug pulled Crypto