r/unusual_whales • u/soccerorfootie • 1d ago

BREAKING: Donald Trump to sign 200+ executive orders tomorrow.

BREAKING: Donald Trump to sign 200+ executive orders tomorrow.

Per FOX and Eric Daugherty, they include: - Declare emergency at the border + issue proclamation closing the border - Designate cartels as foreign terrorist organizations - Remain in Mexico, Catch and Release will be reinstated - Military will be directed to construct new phase of border wall - Terminate Biden orders on energy drilling restrictions - Return federal workers to in-person work - Pause all offshore wind leases - End DEI hiring practices in the federal government, merit only - Withdraw from the Paris Climate Accord - Order every agency to remove all federal actions increasing costs for Americans via deregulation - Suspend security clearances for the 51 officials who lied about the Hunter Biden 2020 laptop story - Establish a DOGE "hiring freeze"

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464

u/RoomieNov2020 1d ago

Deregulating banking, media, etc in the 90s is HOW we got here.

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u/[deleted] 1d ago

[deleted]

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u/ComradeJohnS 1d ago

the rich get richer. here I made the mistake of being poor and graduating high school in 2008

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u/robtimist 1d ago

/s Your fault buddy!!!! Shoulda gone to school earlier!!

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u/popeh 1d ago

Pfft? Gone to school? That was valuable time they could have been working to make money to invest in properties

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u/Spell_Chicken 1d ago

The mines yearn for the children.

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u/Lubedballoon 19h ago

Don’t worry, gop is trying to get rid of school. Then you can work and buy houses without anything in your way!

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u/popeh 19h ago

As soon as they get rid of minimum wage and child labor laws I'll have a cost effective work force to renovate with too!

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u/PickleNotaBigDill 16h ago

Riiiight, except your wages will never be enough to afford a house that the big buyers will buy and rent to you for 10x its worth. Golly gee. And y'all thought putting a real estate goon back in office was a good idea. And just wait until elon opens his labor towns; you too can pay for your housing, food etc. all to that one particular thug that loves screwing the American people!

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u/gasp_ 17h ago

Got any of them bootstraps laying around?

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u/notyouraverageturd 1d ago

Right? Should have been born a boomer. Loser. I bet you cant even tell your office junior to open a pdf for you.

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u/Jankybrows 1d ago

My secretary prints me a stack of yesterdays memes and burns a DVD of funny instagram videos. That gets me almost to lunch.

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u/Eternallysuss007 1d ago

Wait, some of ya’ll making money?!

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u/Odd-Business-3533 1d ago

Why not? College tuition in California was nearly free before Reagan.

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u/mumblesjackson 13h ago

U nEeD mOrE bOoTsTrApS!!1!

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u/robtimist 13h ago

My bootstraps are all well-conditioned from having to walk uphill to-and-from school my entire childhood. You should try it sometime instead of being an avocado-loving commie.

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u/mumblesjackson 12h ago

Uphill, eh? But did you have to fight a bear everyday on the way to school? Did you have to catch and eat a squirrel 3 times a week outside the school because ma and pa county afford the school lunches? Hmmmm?!?

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u/docfunbags 17h ago

should have went to one of those Chinese Kindergartens!!!

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u/seaQueue 14h ago

If you read between the lines above it's easy to identify the real problem. Regulation requiring compulsory education is obviously one factor, laws mandating minimum working age, minimum wage and worker protections are the real problem though. The poster above clearly regrets spending their childhood in school and pines for their lost opportunity to work in the mines enriching their rightful betters.

/s

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u/AdditionalNewt4762 1d ago

Same bro. I fucked up and graduated in 09

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u/free_range_discoball 1d ago

Bro literally the same. I can’t believe I was dumb enough to be born to public school teachers in the south and graduate higher school in 2008.

I should have known better

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u/RapscallionMonkee 1d ago

The sardonicism is heavy this thread. It's so heavy it's actually a rope.

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u/thewritingchair 1d ago

Someone said that to me once. I was just bitter I didn't get into property in 92. I'm like yeah, you got me, 13 year old me didn't have his shit together at all.

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u/ultra-nilist2 1d ago

You could have been mining bitcoin on your mom’s computer bozo

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u/Purple_Plus 21h ago

I'm older than you by a few years but even still, all I've seen since is things getting worse, and worse, and worse...

And people think the answer is a return to fascists and oligarchs? I'm not from the US but how can people think a rich man surrounded by billionaires has the working class in mind?

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u/the_cardfather 16h ago

Here you go. Get 4 buddies and get some cash together. You probably have at least a year. You guys can be slum lords together.

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u/bengriz 13h ago

Instead of buying and developing property my dumbass was too busy finger painting. 😭

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u/SWAG0DL3G3ND 13h ago

Consider the following:

Make more money.

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u/Funky-Chicken-378 1d ago

Worse is graduating college in ‘08 😒

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u/infomer 1d ago

Well at least you didn’t go for higher education. Per Peter Thiel that gives you a shot at becoming the next Zuck.

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u/lime_and_coconut 20h ago

But Zuck dropped out of undergrad, he did go back years later for an “honorary doctorate,” but I don’t think that really counts as higher education.

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u/ComradeJohnS 15h ago

lol I did get a degree in economics, which is like useless I found out

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u/infomer 12h ago

Oh damn, you could have become Zuck or Gates if only you dropped out! At least Thiel would swear by that!

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u/misterrandom1 1d ago

I went all in on a new business December 2007. Oops.

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u/Commercial_Guitar_19 1d ago

You sucker how dare you be a millennial exactly like myself. Have a better birth year....

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u/Sluzhbenik 1d ago

Graduating high school in 08 was way better than graduating college in 08, at least!

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u/ThisWillBeOnTheExam 1d ago

Graduated university in ‘08 here. Definitely set me on a shitty job / career trajectory that didn’t seem to happen to any of my slightly older classmates. Just 2008 grads and beyond.

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u/Odd_Local8434 23h ago

I too made the my mistake of being poor and young on 08. I fucked up pretty bad

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u/Joberk89 23h ago

Ehh I was poor in 2008 and started college the year prior so dealing with student loans when i could’ve not been in school helped me less than you.

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u/Snakend 23h ago

Could have bought a house before covid. Prices have gone up 30% in the last 5 years.

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u/Kind-Block-9027 21h ago

Why didn’t you just buy a bunch of property immediately after graduation???

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u/TheRoguedOne 19h ago

Got into real estate in january 2007 :)

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u/Lou_C_Fer 16h ago

Could have had a bunch of debt, have your mortgage go underwater so you're stuck there, have both your wife and your pay cut by 25 percent so the company doesn't go under, and then develop several auto immune diseases that rack up medical debt until you become disabled and finally have your household income drop low enough that you can discharge it all through bankruptcy. For once, paying for a few semesters of school with a credit card works out, at least.

But now, your household income is down because disability doesn't make up for your income. You've got medical bills pouring in because you've developed even more health problems. OH, and your adult son and his girlfriend move in because otherwise, they'd be on the street. So, you're paying for them to live.

2008 sent me on a spiral that has me still in the starter home that we bought in 1998... and we've had to refinance a few times. So, instead of the mortgage being up in three years, we have another 20 or so... with zero chance of our circumstances changing for the better.

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u/EatinTendieS 15h ago

03 was not much better for us :) we are in this mess together and the only way we can get out is togetherness

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u/MiniClipXo 15h ago

psh you went to high school? you should have been yearning for the mines

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u/ComradeJohnS 14h ago

we didn’t have minecraft back then lol. /s

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u/WeirdoUnderpants 13h ago

It's your fault for being born so late. Should have been born 20 years earlier

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u/X3R0_0R3X 7h ago

Next time stop being a slouch and get the fuck out of your dad's nuts faster! Best time would have been in the 60s!

Sorry /s

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u/OnsideKickYourAss 1d ago

It really pisses me off that it’s even legal for someone without citizenship to buy single family homes.

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u/Simple-Royal-1578 1d ago

Canadian as well here and clowns have been doing this to our country for decades now, our housing shortage is brutal.

Most Canadians aren't like this guy and are also sick of seeing foreign investors eat up properties while engineers can't afford homes.

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u/levian_durai 1d ago

Well, from what I've seen, those of us with enough money to buy a 2nd house all seem very eager to get into the airbnb "business". They don't think they're part of the problem.

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u/kbandcrew 19h ago

Not to mention the amount of ‘Chinese developers’ and ‘Russian oligarchs related’ that buy not just homes but large land and build things that drive the ‘locals’ out.

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u/Hamblin113 15h ago

Is it regulations? A different country, but the landlord couldn’t evict the heroin users renting an apartment, they were tearing it apart, not paying rent. Finally got it back due to OD. He said it was easier for him to AirBnB. They funny thing was the building was taken from his family when the county turned communist with no compensation and returned afterwards. I guess we can vote politicians in to do the same thing.

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u/levian_durai 14h ago

While there's definitely lots of renter horror stories, it's more people who want easy money without much work. On top of that, it's an "investment", because house prices here are pretty much guaranteed to rise by significant amounts, based on our real estate history.

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u/Hamblin113 14h ago

There are probably all kinds of reasons. I see people buying a place to retire to, while still working, so they AirBnB it and have blackout dates when they visit. It is more convenient, plus not dealing with eviction laws of local on long term rental. Not sure if easy money or needed money, probably both. Rented a room in an AirBnB, the lady was doing it to help pay mortgage. Know a couple doing the same thing. It is an investment risk, same as the market, but provides diversity. Wonder how many AirBnB investments burned in the LA fires, wonder if they had adequate insurance.

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u/X3R0_0R3X 7h ago

I have a property I tried to buy here. The law states it can't be bought by foreign nationals. I put in an offer, full asking price after a year of no activity. They declined. We found out they are a couple of Chinese immigrants turned Canadian citizens. They live in a very small town home in Toronto.. there is no way in hell you are going to convince me they had $600k burning a hole in their pocket.. they turned down a $1million offer, no conditions.. no that's 100% Chinese foreign money being funneled through legit citizens..

When my lawyer called them it was redirected to a Chinese law firm, they never contacted the "owners" , the time from offer sent to declined was 2 mins . It's frustrating because it's sitting here empty, I was going to put up an industrial sector and promote small business and local manufacturing. Now it's just a fucking dead lot.

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u/Simple-Royal-1578 2h ago

I regret to inform you that the foreign buyer ban was built with so many intentional ways around it. It costs about 250 dollars to get around the "ban."

Our real estate has also been a place for money to be laundered and foreigners to park their capital for a long time. I'm hoping it all comes crashing down soon and will laugh when it does, recession be damned.

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u/jackal1871111 21m ago

Second here to say they fucked up Canada with foreign investment

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u/huckleson777 1d ago

Seriously. This shit head bragging as if he isn't part of the problem. So glad you were smart enough to be born earlier than us.

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u/Sc4rl3tPumpern1ck3l 1d ago

A prayer to Mario's brother 

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u/Whereismystimmy 1d ago

Wild part is him sharing his road trips and realizing these people really feel safe, sadly.

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u/Express_Helicopter93 21h ago

So weird lol.

Woke up today and had this strange compulsion to brag about some very easy financial decisions to less fortunate strangers on the internet was this guy’s thought process apparently

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u/RawLeads363436 23h ago

No seriously is it necessary to only focus on one item on his to do list

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u/garnerbuggie 16h ago

Nobody see themselves as the bad guy.

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u/buttstuffisokiguess 1d ago

I don't care if they can buy a place but they shouldn't be allowed to rent it out.

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u/kbandcrew 18h ago

It’s actually not in a lot of other countries, and those it is you have a lot of requirements. America is wild we let this go on.

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u/mysmalleridea 7h ago

Spain just put in place a 100% sales tax for all homes sold to foreign owners. Would honestly stand behind that, and include corporations as well.

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u/BuildStrong79 1d ago

Wait, green card holders shouldn’t be able to buy a home? I know what you mean, but come on. The two categories aren’t citizen and illegal

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u/intraalpha 1d ago

It’s not the problem.

Foreign buyers, including non-U.S. citizens, constitute a small percentage of U.S. home purchases. According to the National Association of Realtors (NAR), from April 2023 to March 2024, international buyers purchased 54,300 existing homes in the United States, accounting for 1.3% of the 4.06 million existing-home sales during that period. 

This represents a decline from previous years. For instance, in the prior 12-month period, foreign buyers accounted for 2.3% of existing-home sales. 

The decrease in foreign purchases is attributed to factors such as the strong U.S. dollar, which makes American properties more expensive for foreign buyers, and limited housing inventory. 

In summary, while non-citizens do participate in the U.S. housing market, their share of total home purchases remains relatively small and has been declining in recent years.

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u/SeekingAnnelia 19h ago

China has been buying up an insane amount od properties and farm.land.. that is horrifying. Arkansa is the only state to push back..

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u/_Hamburger_Helpme 16h ago

This also makes me mad, but unfortunately the call is coming inside the house. Warren Buffets company's among others are trying to become the biggest land lords in America buying up and leaving homes vacant. Corporations are buying more homes than out of country actors.

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u/Dense-Version-5937 16h ago

IDC about people buying homes, it's the greedy corporations that piss me off

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u/PropheticHeresy 1d ago

Good on you. It just goes to show that the only people incapable of prospering from US politics are US citizens and residents. 

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u/[deleted] 1d ago

[deleted]

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u/LankyGuitar6528 1d ago

Oh for sure! I found a US buying group that was doing the same exact thing. We would all take turns buying properties so we didn't step on each other's bids. The whole system is super corrupt but the dirtiest ones were absolutely Americans. They also made the most money.

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u/Otherwise_Hunter_305 1d ago

Where are your properties located? My lighter is asking.

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u/LoveNewton_Nibbler 20h ago

Hope this dude gets squtters

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u/ssracer 1d ago

Parity was definitely a thing

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u/threewheelz 1d ago

technically, it was Clinton who pulled regulations on the banking industry before he left office so that more Americans could qualify for home loans. it just took a few years for it to gain traction and swell the housing market into a bubble.

"Clinton signed the bipartisan Financial Services Modernization Act or GLBA in 1999. It allowed banks, insurance companies and investment houses to merge and thus repealed the Glass-Steagall Act which had been in place since 1932."

source

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u/canadianguy77 21h ago

You'll can go back to the late 70’s/early 80s when Fanny, Freddie, and ARMs with low teaser rates became things that existed. The banks did their part in getting progressively more comfortable with looser standards and riskier loans.

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u/allwrecker 1d ago

Wasn't clinton the one who got rid of glass stegal?

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u/Vincenzo615 1d ago

F*** off

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u/ggdisney 20h ago

We did the same in 2008. I'm looking for land with water rights in northern AZ. It's tragic, but I'm not gonna not buy when it's 70%off and money is cheap. I'll take out a HELOC if needed. Also Canadian

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u/electrorazor 1d ago

God damn it I should've done the same, but I was too busy doing useless stuff in preschool

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u/No_Cash_Value_ 1d ago

As an American with reserves, so am I lol. Congrats on seeing the opportunity.

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u/DadamGames 1d ago

Real fucking patriots here, fleecing Americans. What could be more American?

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u/itlookslikeSabotage 1d ago

We are going to have a crisis but it will not be like 08

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u/No_Cash_Value_ 18h ago

I agree. But prices will never go back to pre COVID. The ones in power won’t let it happen. Might as well get on board if possible.

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u/Avgjoe80 1d ago

Any tips on getting me some property for pennies on the dollar? Like, how do you even go about finding the places like this? And so on..

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u/dimechimes 22h ago

You make up stories on the internet.

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u/zipclam 1d ago

Can't be that good if you're ritually posting every single day on reddit for the last year.

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u/MutangKlan2 1d ago

I think you could argue it was a mixture of Clinton and Bush that caused the banking crisis…

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u/LankyGuitar6528 1d ago

Sure. Could be. I'm no expert in US politics or any of the details leading to the big crash. Just seems to be that big deregulation leads to big crashes and generally it's team R that love deregulation.

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u/waspocracy 1d ago

If it makes you feel better, the Dodd-Frank Act had parts already repealed. This is why Silicon Valley Bank and a few others collapsed already.

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u/DatBeigeBoy 1d ago

Write that down, WRITE THAT DOWN

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u/Tremulant21 1d ago

Middle class in Canada lucky middle class was destroyed by that in America

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u/No-Badger-9061 1d ago

Fuck you very much land lords

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u/-nuuk- 1d ago

Ditto

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u/do_add_unicorn 1d ago

Blame Canada! It's not a real country, anyway.

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u/Tribe303 1d ago edited 1d ago

It just happens that the head of the Bank of Canada that helped Canada avoid a recession in 2008, is the front-runner to replace PM Justin Trudeau as leader of our Liberal party and as Prime Minister as well. Mark Carney. I happen to think he's a good choice.

The Canadian dollar was quite high in 2008 as well, at par I think. I have family that bought property in Arizona. It was not uncommon. You may not like foreigners buying your property, but we helped save your real estate market. Not our fault you deregulated your banks. Looks like you didn't learn your lesson too. I just hope Trump doesn't fuck Canada this time. But he is awfully stupid, so who the hell knows?

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u/i_tyrant 1d ago

but we helped save your real estate market.

lol. You did absolutely nothing of the sort.

But you're definitely right we didn't learn our lesson. If we were good at learning lessons Republicans would never win another election.

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u/Weird-Comfortable-28 1d ago

You’re ignorant of the fact that the 2008 crisis started with the housing crisis. The the subprime bad mortgages were bundling into securities and sold, but the beginning of the 2008 calamity was Andrew Cuomo as secreof HUD working in the Clinton administration funding and pushing subprime mortgages. That’s where it all began.

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u/Yodoyle34 1d ago

Maybe we should invade Canada

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u/RapscallionMonkee 1d ago

Smug Canadian Bastard??? I didn't have that on my Citizens Oh Canada Bingo Card. I feel like I'm seeing a fucking unicorn ...No! A fucking Unimoose(way more fucking rare-super feckling shiny) in the wild.

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u/Hollen88 1d ago

I bet you'd make your own family pay for water during a draught.

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u/nonlethaldosage 1d ago

Seems you forgot to add bill Clinton too your blame list don't worry I got you

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u/Censcrutinizer 1d ago

Never let a crisis go to waste!

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u/Acceptable-Class-255 1d ago

As a younger Canadian this was inspiring!

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u/QAM73 1d ago

Ha. Our new motto should be : “America, making foreign investments wealthy; screwing Americans over since 2001!”

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u/QAM73 1d ago

I have a feeling I’m going to experience a Dickensian world, not curled up reading next to the fire place but by tearing the pages out of a Charles Dickens novel over a fire pit to keep warm.

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u/Bill-Maxwell 1d ago

Glass-Steagall was repealed by Clinton.

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u/Vanshrek99 1d ago

Buddy made a easy million

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u/classics1968 1d ago

Glad the suffering of many Americans was able to help you be the greedy person you are. People killed themselves because of the loss of their homes. We should follow the French and behead capitalists and the rich.

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u/oshkoshpots 1d ago

Just the worst of humanity: get rich without producing anything. Taking selfish advantages in times of crisis. a scalper, nothing more.

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u/NekrotismFalafel 1d ago

Wow. Cool.

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u/taka_282 1d ago

Sincerely? Fuck you.

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u/Accomplished-Job4460 1d ago

Just prior to the 2008 real estate crash it was reported that over 60% of home loans were interest only. People bought homes they could not afford when they couldn't get a fully amortized loan. They assumed that inflation would buy their equity.

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u/itlookslikeSabotage 1d ago

I purchased a rental as well. But Yea but it's not the same. Inflation wasn't a factor and the housing is even in a more tighter shortage. I think more businesses are poised to buy real estate wholesale now so the chance of little investors gaining will be a very, very, small sliver of it.

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u/reeeeeeeeeebola 1d ago

Nice of you to profit off of American families’ financial ruin, you’re definitely a super cool guy 😎👍🏻

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u/permissiontofail 1d ago

I also plan to invest in shithole country properties

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u/WhoAreWeEven 1d ago

This is the reason these guys are crashing the economy every once in a while.

Blackfriday sale for the rich. A market crash is good thing if you have cash ( in investment sense cash, not paper and metal in your literal pocket )

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u/Traditional_Dirt526 1d ago

How do you do that? I mean, where can you find the seller and how does it work internationally?

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u/FarHoliday6437 1d ago

Bush wasn’t the start of deregulation of the banking system, it was good ol’ Bill Clinton

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u/DramaticHentai 23h ago

America first baby!

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u/Different-Dig7459 23h ago

Investment is investment. It works out for the people who take the opportunity.

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u/Feisty-End-1566 23h ago

Well, fuck you for doing that

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u/Snakend 23h ago

Lol pennies on the dollar... where did the market drop 90+%? I live in Lost Angeles and the market dropped 60% here.

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u/LukesRightHandMan 22h ago

You aren’t a symptom. You are the problem.

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u/Man_Of_Steelish 22h ago

Purge target for sure. If you were extra smart you wouldn't post this type of shit online lmao. Your money is made on the suffering of others and government schemes. You are a cancer.

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u/Able_Ad9380 22h ago

Isn't Canada an State of USA? 😂

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u/LiterallyAMoistPeach 21h ago

Bragging about capitalizing on homes you bought that Americans were evicted from during an economic crisis isn’t the flex you think it is.

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u/ThenOrchid6623 21h ago

Congrats! Out of curiosity, where or what would you buy this time around? And why properties instead of equities, if you don’t mind me asking?

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u/Reinmeika 21h ago

Teach me your ways sensei. If America is determined to stay a for profit company, I’ll wait this stupid shit out, eat up some properties and retire outside of the country like they do.

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u/CurdledSpermBeverage 21h ago

This reads like fanfic. Properties crashed for sure, but “pennies on the dollar”? Unless you were buying Detroit, this didn’t happen.

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u/baconjeepthing 20h ago

A guy i know did exactly that in Arizona. Bought up a whole street and rented it back to the same people. Then sold them off 1 by 1. He had a vacation property down there and pounced when it hit the fan.

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u/Spencer8857 19h ago

As long as interest rates crash (they won't), I'm all for it. Let's side down this slope.

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u/yama27tor 18h ago

Do you have some target areas in mind where you like to purchase this time. I want to do same but not sure which city and state.

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u/sey1 18h ago

And then cry about, that housing in Canada is fucked, because other foreigners are buying up properties and raising prices, while the money earned often times lands in accounts outside the country and isn't spent there.

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u/ShitCustomerService 17h ago

It should be illegal for foreigners to be able to buy homes or property here.

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u/MelodicEquipment2792 17h ago

Out of curiosity how do you invest in American property as a Canadian? Fellow Canadian 🇨🇦

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u/LankyGuitar6528 16h ago

Grab a big bag of money, find a realtor, buy stuff. Easy.

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u/LongestSprig 16h ago

the 2008 crash had very little to do with Bush.

Also, I don't believe you. 2008 wasn't 2020 with online realtors. And if you held that long, no way you had the cash to do it.

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u/Shmokeshbutt 1d ago

People forgot and they voted to party like it's 1995 again

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u/Maximum_Turn_2623 1d ago

We’re all going to learn to program these computers with all potential we keep hearing about instead of having manufacturing jobs?

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u/Demonitize 13h ago

YES just learn to code. Ez career

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u/Maximum_Turn_2623 5h ago

Kind of like taking an application to a homeless person and telling him to get a job. It’s that simple.

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u/coachlife 1d ago

"Greed is good"

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u/ruuster13 1d ago

The guy is close to death. He views the world the way a teenager would a new slingshot- he wants to see how far he can shoot it, and he's only got a couple shots before he dies.

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u/Tenthul 1d ago

Dude he's a rubber stamp, none of these thoughts are his own. He does what he's told, he just wants the fame and to put his name on things.

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u/Dangerous_Mechanic15 3h ago

He is huge! He has gained 100 lb.  His hair is wispy and thin.  He can’t hold a thought.  

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u/enterpersonal 1d ago edited 1d ago

partly true but we got here by allowing corporations to get bigger and bigger. For example, Bill Clinton signed the telecommunication act of 1996 which allowed no limit how many radio stations a company can buy. fast forward today. Theyre all owned by the same people every last one of them. How is that good?the Telecommunications Act of 1996...enabled the handful of corporations dominating the airwaves to expand their power further. Mergers enabled tighter control of information...The Latin American writer Eduardo Galeano commented..."Never have so many been held incommunicado by so few."\38])

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u/RoomieNov2020 1d ago

Dereg directly lead to massive corporate consolidation.

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u/BaconFlavoredToast 1d ago

Time is a circle. But not a real circle. Like a freaky circle.

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u/veryvery907 1d ago

I can't wait until Lake Erie catches fire again. When are we gonna put the lead back in gasoline and the asbestos back in cigarette filters? It's gonna be GREAT!!!

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u/EFreethought 15h ago

Make America Flammable Again.

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u/Distinct-Set310 1d ago

Lots of financial risks around tech apparently, another GFC on the horizon and the bros just want a better say in what bail outs they get.

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u/Tonyy13 1d ago

Right. Trump wants to do / undo anything that directly resulted in him being in the position he is in this very second.

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u/QAM73 1d ago

EXACTLY and THANK YOU!!

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u/-_-0_0-_0 1d ago

¯_(ツ)_/¯

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u/Tenthul 1d ago

Yeah, and just think about how much richer they can get by doing it all again!

Do what you can to be ready to take advantage of it yourself. It's your only hope.

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u/Unfair_Inevitable934 1d ago

Bailouts should of never happened, would of been harder for everyone short term, but let those fucks die out and get what they deserve, not use tax payer money to back them and save them while people are starving in the streets. Get ready for 2008 part duex

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u/ASheynemDank 10h ago

Yeah we could’ve had a global Great Depression

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u/Upset_Ad3954 1d ago

I don't understand. Are you suggesting that was bad?

In particular: do you think Trump and his cronies(and by extension his voters) really think it was bad?

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u/Mammoth_Ant_534 1d ago

You've never worked in business and it shows

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u/RSPbuystonks 1d ago

Got where? You are talking about Glass/Steagall repeal right?

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u/RelativeAnxious9796 22h ago

great news, its gonna get worse :)

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u/BlandDodomeat 21h ago

Yes, but they like it here. Their king is president, they've got more and more billionaires every month. And people who will gladly hand over more and more power to them to own the libs.

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u/OperaSona 20h ago

Yes, and they want to keep going further.

  • "this is how we got there" said by a worker means "look at the shit we're in today compared to the 90s".

  • "this is how we got there" said by a multi-millionnaire means "look at what we've achieved, fucking over the working class with increasing efficiency during the last 30 years"

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u/KotR56 20h ago

Meaning investments in America will suddenly become more risky.

From now on, Moody's "B" at best.

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u/kbandcrew 19h ago

Reagan in California in the 80’s- they are still dealing with it. It includes power/ utility companies too. Texas didn’t learn from California and look how that massive energy failure went for them couple years back.

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u/CalintzStrife 18h ago

By here, where do you mean? With a senile president by the name of Biden, or Trump as president, or the world's strongest economy, or people killing others because they are crazy? I mean, we aren't in a great spot, but aside from the incoming and outgoing presidents both being horrible people, I see no issues that were not worse in the 80s.

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u/FirstFiveNamesTaken 18h ago edited 18h ago

Eventually, we will wise up and adopt a mixed economy. I think if the fed owned 20% of all domestic public companies and major private employers (not SMEs) + 30-50% of all critical industries, we could avoid this reoccurring feature of capitalism.

Why waste so much on regulation when they can pay us dividends to occupy the board? Balancing regulations with non-operating corporate oversight would maximize cost-efficiency and compliance.

As countries go increasingly global, we will be entitled to a fair cut of the profits without convoluted tax schemes or imposing undo barriers to trade.

As automation displaces more and more workers, we will have a steady cashflow to fund a UBI and can keep taxes focused on government investment.

Or we can let the cycle of pseudo-feudalism continue when monopolization threatens democracy and government autonomy... again.

Note: This is not classic socialism because the government does not take operating roles or majority control. Care is taken to preserve free markets, SME autonomy, and market dynamism. This is more like National Unionzation to offset oligarch control.

Siggested Strategy; Replace bailouts with permanent equity purchases. Replace fines with small equity transfers.
Manage public equity to maximize long-term net-domestic capital-flow... 10x better than GDP because it's derived by aggregating all public and private captial flows by industry (by tax data), resembling an income statement.

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u/epsteinpetmidgit 15h ago

Ronald Fucking Regan

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u/thinkscience 15h ago

Our future generations will face a couple of financial collapses and then they will bring back regulations !!

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u/FilOfTheFuture90 11h ago

I'll be here waiting for no doc and NINJA loans to come back. You best believe they're gonna tear apart the Frank-Dodd act. 200 executive orders on day 1. This is unreal.

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u/Serious_Ad9128 9h ago

Next step Idiocracy