• werefreeatlast@lemmy.world
    21·
    7 days ago

    Maybe this is it?

    Like I bought into my current house mortgage at $500k. Now I’ve seen a few houses down the road finish building… Mid city in Kenmore WA, for 2.4million. Okay great! I can barely afford my place, how can anyone dream of getting into a 2.4 million dollar house if they’re not the CEO of something or another? My neighborhood has a mechanic, a teacher, a juice maker, a nurse. Like that’s the people here and they don’t have 2.4million. Their kid’s kid’s might one day buy a school book for 2.4 million and look at how cheap houses were today. But not us, now.

    So is this it? Does the market caput and the government just pays off all our loans in a big reset moment? Then everyone starts selling their house back to reasonable money like 200k or 300k?

    • stetech@lemmy.world
      12·
      6 days ago

      Then everyone starts selling their house back to reasonable money like 200k or 300k?

      You misspelled “then giant companies buy up all the housing on the cheap and everyone continues to be miserable”

    • kiagam@lemmy.world
      4·
      6 days ago

      You will not own anything and you will like it.

      No wonder everything is a subscription.

  • Pyr@lemmy.ca
    3·
    6 days ago

    So it sort of opened to a +3% roughly this morning. Is that just a dead cat bounce as people try and catch the falling knife?

    • Baguette@lemm.ee
      2·
      6 days ago

      Give it a month or so until tariffs are fully incorporated into daily costs

      Then we’re in for a ride

    • RepleteLocum@lemmy.blahaj.zoneEnglish
      11·
      5 days ago

      You bet against them going up. If they go down then your money goes up. (Idk if it’s a good idea currently tho, as it’s quite unpredictable if they’ll keep going down(depends on trumps actions))

  • Shardikprime@lemmy.world
    25·
    6 days ago

    Wait so you guys spend years complaining about companies having unrealized gains

    And when these start to reduce, you freak out?

    Weren’t you the eat the rich croud?

    You should be happy about this

  • lost_screwdriver@thelemmy.clubEnglish
    120·
    6 days ago

    To be fair: companies should not focus on maximizing their stock value or work for some investors. They should focus on delivering the best product for the best price. For quite some time, especially in the US, the product of the most companis were just their shares. The best one just made the most money for it’s investors. Trump finally fixes that. Also he really does some for the small people: Stocks are not a way to got rich, but a way to stay riwh - if the stock market outperforms the economic growth rich people get even more rich, poor people get more poor! Only rich people have money to spare to invest

    • Aermis@lemmy.world
      8·
      6 days ago

      I’m sorry trump fixed what? There is 0 incentive for any company at all to make a better product. There’s no money in making good products. If you can only sell something once you go out of business. Look up that pan company that made some of the best pots and pans but then had to file for bankruptcy. Second of all stocks are the ONLY thing that matters in our current version of capitalism. Making money for the investors is the sole goal for corporations. If the incentive isn’t to make a good product, but to monopolize the market so there’s no one that can make a product better than yours then the end goal is to own the law that will can prevent you from owning everything. Which is where trump comes in, dismantling laws and regulations that hold corporations accountable. Not only is Trump not fixing anything, he’s actively the guy inside politics changing the rules to benifit corporations and stocks. And the fact that he’s failing this hard is comical.

    • gnutrino@programming.devEnglish
      47·
      7 days ago

      I believe that would be MarketAxess (MKTX) which largely deals in bonds AFAIK. Given that bonds are the traditional safe haven asset when traders see the market shitting the bed, them doing well isn’t necessarily the best sign for overall market health…