Possible 32% unemployment and 47 million could be out of work- The Fed

[null]

Jesus, that's scary, only positive I can see from this is real estate crashing and rent prices going down to what they're really worth.

Those carrying the debt for those properties would be in big trouble though.

 

[BigMoneyGrip]

My apologies if this is off topic.

You think so, breh? I've been interested in buying a 4Runner or a Durango. I got two perfectly good vehicles now, but I'd want a three row vehicle because of my third child on the way. I've been holding off because I really do not want a high ass car note. 730 credit score, and my career is "essential".

Is that how it usually works? Say the economy tanks, and no one is going to dealerships to buy new vehicles. Would they really drop a sticker price/MSRP of $45k down to $35k or less? I never bought a brand new vehicle from a dealership, that's why I'm asking. If that's the case, I'm going to hold off until the market drops a bit more.

Fam I’m dead ass, no one is buying anything now.. wait until the first quarter numbers come out and you will see how the auto industry sales in the tank.. at the end of this year dealers going to be scrambling to get rid of that inventory.. Dealers need you more than you need them now..

 

[Calmye]

More bullshyt models

 

[Just like bruddas]

This kinda misleading tho, until we know how this Corona stuff plays out. There will be another bailout, possible student loan cancellation etc

A good ton of people will be rehired once we’re outta lockdown.

And all the money we are saving up will be spent soon as shyt gets open.

Once again the job market is just vacant.

People here are talking about the end of society.
nikka please

 

[bigdaddy88]

"conspiracy" nikkas knew this was coming, economic collapse, from physical cash to digital, universal basic incomes, Definitely a war, etc......like we said this Corona virus is a game changer and many things are gonna change......am calm because most all of this i've been knowing for several years now.....

I might eventually lose my jobs further down the line since i deal with mortgages, tenants and credit reporting but i aint shock sadly.....just prepare spiritually and what not


trust me things aint going back to normal anytime soon, by the time we get back we will have a new normal

 

[King Poetic]

Democrats agreeing with the republicans that a one time $1200 check is good enough

congrats white women and c00ns in Ohio, Michigan, Wisconsin, Pennsylvania and Florida for voting trump into office 4 years ago,, all because he told you dumb asses that manufacturing jobs, Coal mining jobs and auto jobs will be coming back....

 

[TallMan_J]

Fam I’m dead ass, no one is buying anything now.. wait until the first quarter numbers come out and you will see how the auto industry sales in the tank.. at the end of this year dealers going to be scrambling to get rid of that inventory.. Dealers need you more than you need them now..

Thanks for the response, breh. May we all come up during these dire times.

 

[010101]

2020 vision & it's clear to see everything is lit

lit.........on fire

ha



*

 

[Shoog Shatmi]

A lot of companies will prolly be going BK in the next few months. You can make a fortune with put options if you time it right.

Like Capital One, for example. They do a lot of lending to people with poor credit and low incomes, which might have made sense with historically low unemployment. But now they are prolly doomed.

 

[TallMan_J]

Those carrying the debt for those properties would be in big trouble though.

I returned the favor.


Neg, fakkit.

 

[null]

 

[TallMan_J]

Breh I'm going to ignore you and then I'm going to drag you negative all by my lonesome .

Enjoy

p.s. I un-ignore everyone each X-mas so I'll catch up on your missives then .

Peace !

See ya next Christmas, then.

 

[Ezekiel 25:17]

Guess I better hurry up and sell my house.

You'd be a fool, unless you don't outright own it. In times like these owning a house and land will always trump imaginary numbers

 

[JQ Legend]

Jesus, that's scary, only positive I can see from this is real estate crashing and rent prices going down to what they're really worth.

Yal really think the real estate market bout to crash?

 

[Ezekiel 25:17]

Elect trump brehs

I know one thing there will be plenty opportunity in the stock market, housing, auto loans you name it...

You want that nice car? Dealers going to be starving for that sale to the point you can run off with 10-15k off Msrp on a car even on a decent credit score (640-680)

shyt bout to get real but I will say an easy way to get a couple mill back to work immediately is if the gov start making and manufacturing all medical supplies here in the US.. and I’m talking about raw materials as well.. A whole entire industry from the movement of those goods to making and packaging etc will give you at least 2 mill jobs out the gate

2020 widebody Scat Pack here I come


That's if I still have my construction office job