“OMG We’re about to lose EVERYTHING!
-or- “Leverage Bites Rookie noobs in the Ass”
https://www.zerohedge.com/personal-finance/holy-god-were-about-lose-everything-pandemic-crushes-overleveraged-airbnb
Comments
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They should stop being so self centered and quit putting profits over people
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Was all this homeless bullshit just the walk up song for running the big con?MikeDamone said:They should stop being so self centered and quit putting profits over people
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Pelosi just said a guaranteed minimum wage is the answer to the VidMikeDamone said:They should stop being so self centered and quit putting profits over people
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AirBBbailoutbrah, true?
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I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality. -
When the flippers over leveraged in the 05 to 07 era they brought the world down with them. Mortgage securities. Toxic waste.creepycoug said:I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.
I'm sure that couldn't happen again and if it does the banks will be made whole and Airbnb dude will get bad credit for 7 years.
Experts say -
There actually is a curve of foreclosures that will overwhelm the system
We've been there. Cash will be king for the fire sale of assets that is coming
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creepycoug said:
I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.
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Yes please.RaceBannon said:There actually is a curve of foreclosures that will overwhelm the system
We've been there. Cash will be king for the fire sale of assets that is coming -
And there it is. What a humanitarianHHusky said:
Yes please.RaceBannon said:There actually is a curve of foreclosures that will overwhelm the system
We've been there. Cash will be king for the fire sale of assets that is coming
