This is fine, nothing to see here...

We're getting to the point where people just stop paying their debts. The banks are incapable of doing anything about it. I would bet 10% of people don't even file taxes.

I'm sure this is fine... 😑 View quoted note →

2008 was the preview, 2025 is the main feature. The fiat treadmill broke, the hamster’s dead, and the banks are still charging rent on the wheel. Time to exit the debt spiral—opt out with Bitcoin.

1933 was the preview. The rest are the main feature and a bunch of sequels.

One thing I know about sequels is, they are always shit 🤣

Yeah they get worse over time as a rule. I haven't seen a decent Marvel movie since... The Matrix? 🤷‍♂️😉

Lots of renters?

I guess the renters falling behind are causing the issues for the developers to fall behind on these loans? That would check out with the high credit card deloquencies. And the single family mortgages are on the upper income and assets side, and they are largely unfazed. // The DLQAFREM index is a metric published by the Federal Reserve Economic Data (FRED) that tracks the serious delinquency rate of multifamily mortgages backed by Freddie Mac. Specifically, it measures the percentage of multifamily mortgage loans that are 90 days or more past due or in the process of foreclosure. //

6M Americans are fake AF.

Would love to have Bloom term— but not for whatever the license is ($20k or whatever it is).

That's multifamily. Single family numbers aren't historically bad. I don't look at these sorts of numbers a lot, so I'm not sure what that means. Rental units are doing poorly? I believe that. Affordability slowly getting out of reach for people that already lost the ability to afford a home.

No idea but sounds right. Thankful for the sats

Seen a few peeps doom posting this. It’s a weird niche thing - in general americans are still at historically low serious delinquency rates on mortgages. Economy still potentially fukt tho. View quoted note →

A solid summarization