Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮
@GRomePow
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Following
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You cannot wish for strong character and an easy life. The price of each is the other. Backup: @gromepowburner
Pickin yo wallet wit inflation
Joined March 2021
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Last Seen Profiles
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To celebrate my 20,000 follower, I'd like to shout out a couple Fuck Yous.
Fuck all the politicians who supported the greatest theft and wealth transfer from the poor to the rich in world history PPP and ERC.
Special fuck yous the sponsor Sen. Mitch McConnell and all his…
To celebrate my soon to be 10,000 follow, I'd like to shout out a couple Fuck Yous.
Fuck the World Economic Forum who's sole purpose is mass economic enslavement
Fuck the Federal Reserve for stealing the American Dream from 2 generations through interest rate/price manipulation…
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Everyone is going to figure out their homes are 40% overpriced all at once again aren't they.
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When I worked at Amex:
"India wants you do jump on a meeting at 11pm."
Me: "No"
"They can't meet during the day"
Me: "So hire Americans"
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The dating scene in the US is so fucked.
100 men 100 women
5 men who have rich parents and don't work dating almost all 100 women. Women get taken to poundtown and think that's who they're going to marry.
The 5 men have no reason to get married since they're getting the milk…
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Imagine you're an average moron.
You make $25/hr and bought a brand new BMW for $50,000.
A catastrophic financial decision that should leave you bankrupt/homeless or both.
Then the US Government decides it's going to offer 15yr 1% interest rate loans on all BMWs.
Your BMW is…
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Imagine you're a dumbass who makes $50,000/yr and buys a $40,000 Kia Sorento.
You can't afford it and begin to fall behind on payments and the repo man is chasing you around.
During this time, some old white guy who bought 400 Kia Sorentos decides to bribe some…
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.04% of Bitcoin addresses own 62% of all BTC
But its totally decentralized and for the people LOL
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We're going to need maps of what is NOT for sale in Cape Coral soon
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The housing market is still PRICED at 3% mortgage rates.
Either people get 40% real increases to their wages or
Housing market prices fall 40%
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Here home sellers, I'm going to explain how math works.
You paid $925,000 at 3% mortgage rates
It's worth $605,000 at 8% mortgage rates
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HOLY FUCK, the Covid forbearance ENDS end of THIS month? What the actual fuck is going on.
People haven't paid a mortgage for 3 fucking years.
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The fact that this isn't being sold in the US is a crime against humanity
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If any one of you make a billion dollars and date this, I will personally fly out and kick you in the balls.
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IRS auditor says PPP loans went to buy real estate, not pay to keep employees
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My old coworker drives a $70k Audi, lives along in a $500k house, hasn't been making payment on her Student Loans which are well over $100k.
Thanks to taxpayers for letting her live in luxury for the last 3 years
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This is BEFORE a trillion dollars in student loan debt is turned back on. Before people.....before
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@nope_its_lily
Now imagine you're a 70yr old American who cash-out refid 20 times in 40 years retiring with a full pension blaming young people for not working hard enough
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Simple math says your house is worth 35% less at 6.5% mortgage rates than it was at 3%.
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Not your enemy:
Gay people
Trans people
Blue haired people
Brown people
Male people
White People
Female People
Religious People
Athiest People
Who are your enemy:
Anyone telling you wages need to come down
Anyone pointing to people different than you as the enemy
Anyone trying…
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One of the most hilarious dynamics is currently playing out in diamonds.
A former monopoly (de beers) is watching as the entire world just prints their product.
Even funnier are all the people who paid $10k, $20k, $200k for stones that are now being mass produced
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OpenDoor, a company that never made a dime of profit, who's stock is down 81%. This is where the former CEO lives now
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TRILLIONS of dollars in occupancy mortgage fraud discovered by the Federal Reserve.
Accounting for fraud INCREASES the number of investment properties by 50% and those loans default at a 75% HIGHER rate to the cost of taxpayers
Nothing from the
@FBI
@FHFA
@SenateBanking
…
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PPP cost US taxpayers $169,000 to $258,000 per preserved position even though the median annual salary saved was only $58k.
Where did all that money go? Into second homes, boats, Rolls Royce (they literally sold out).
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401k hardship withdrawals spike 300%
- Fidelity Investments
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Tesla announces new sub $20,000 Tesla Model!
A 1 year old $60,000 Tesla!
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Uhhhh so like everyone knows what collapsing treasuries rates and metals going up means right
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AirBnBust incoming.
What, you thought the world needed 2m hotel rooms minus all the economies of scale of a hotel?
The only reason this worked was ZIRP, $16t in debt and nobody working.
Good luck out there you lazy fucks.
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I'm literally starting to thing the Boomer generation was the most failed generation in US history and their failures were just hidden by "house price go up."
Was talking to a relative, literally never saved a fucking dime in their life. Always had credit card balances,…
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Imagine if the US government offered 30yr loans on cars backed by US taxpayers.
All of a sudden your 2007 Honda is worth $378,000.
Then telling everyone how smart you are and that young people can't afford it because they're lazy.
That's housing for 40 years.
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@unusual_whales
So people who never owned slaves will pay people who were never slaves.....is that right?
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Reminder a $400 HOA is the equivalent of paying $60,000 MORE for a house......with no principal.
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Lexus is going to sell the absolute shit out of this thing
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Just a reminder, your house that was worth $462,107.54 at 2.7% mortgage rates.
Is worth $280,898.82 at 7% mortgage rates.
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Subprime auto loan delinquencies are surpassing 2008 without a dip in employment.
A complete disaster is on the horizon.
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Stanley Druckenmiller, one of the greatest investors of all time said to prepare for a hard landing, but Mercedes, an Applebees hostess turned AirBnB Course Instructor said the economy is fine and that Stan is just being a doomer.
I just don't know who to believe anymore :(
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1930 Depression:
Inflation adjusted income: $87,744
Inflation adjusted taxes paid: $2,308
NEW inflation adjusted home prices $79,000
2023 Depression:
Income: $56,000
Taxes paid: $16,615
New home price: $437,000
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I think "passport bros" are going to be the new norm as men abandon the American dumpster fire dating scene.
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Salary of a Federal employee over time. WOW
We're are so fucking fucked
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@jasonfurman
As long as you don't eat food, use transportation, or rent shelter. Inflation is no big deal
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BREAKING NEWS
Just got a call:
Non-Conforming Mortgage Lender bank lines have just been FROZEN.
No funding. This is what happened to us at New Century Mortgage before we BK'd
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If you're ever feeling stupid, remember someone bought Peloton at $171/sh
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A company can write off a private jet to get to a meeting, on a tropical island, but a single mom can't write off her car to get to her serving job.
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@TechEmails
All companies have to do is fill the 1970s wage to productivity gap and I'll return to 1970s logic
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America is a fucking scam, bought and paid for by the rich.
The Short-Term Rental Bonus Depreciation scam they rushed through congress is wild.
High income people can avoid paying ANY taxes by simply buying an AirBnB and writing it off in a single fucking year.
What's worse…
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If your median house is "worth" $410,000, but the median buyer can only afford payments on $275,000.
What is your house really worth?
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Imagine a home seller doesn't have to pay a 6% commission to some Applebee's waitress turned housing guru to do 12 hours worth of work.
That's the world I want to live in.
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If we would have let banks and hedge funds fail in 2008, you might be able to afford a home today.
Instead, they used your tax dollars to bail them out so they could outbid you on a home for you and your family.
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Deflation is to rich people, what inflation is to everyone else.
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You guys ready for the used car price collapse?
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Yields are telling you a market collapse is coming
Gold is telling you they will print to resolve
Housing is telling you that morons don't understand the first two until its too late
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BREAKING: New Single Family homes listed for sale hits highest level since 2008
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"We pumped prices so high we all lost our jobs."
- Real Estate Industry
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Seriously, what the actual fuck is wrong with Canada.
Those poor citizens
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Stanley Druckenmiller and Dr. Lacy Hunt, two of the most successful financial minds in history say to prepare for a deep recession, but Mercedes, who quit her job at Starbucks to buy 12 AirBnBs in 2021 said the market is fine and that I'm a doomer.
I just don't know who to…
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Best Jobs in America:
1. Firefighter - Unlimited overtime, retire at 40 with a groteque defined benefit plan pension, "work" 3 days a week, amazing benefits, hero worship, paid to eat, workout, sleep
2. Lineman - No college, starting salary is $100,000+, completely paid…
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GenZ only chance at a decent life is a 50% asset price collapse.
Nothing else solves this.
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Just a reminder, your home that was worth $462,107.54 at 2.7% mortgage rates
Is worth $280,898.82 at 7% mortgage rates
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Vivek Ramaswamy is a "billionaire" from founding a company with $61m in annual revenue that loses $1b+ per year.
LOL
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Purchase Price: $450,000
Mortgage Payment: $3,000/mo
Rent collected: $2400/mo.....maybe
Going to be common soon
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Boomers be like:
"Welp, I retired at 55 with a full pension, my house is 11 bedrooms on 25 acres, we paid 12 squirrels for it in 1972 after I got my first job out of high school. Bought two cars, a boat and decided to get married at 20. Had 5 kids, 4 still live at home, one…
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So let me get this straight....
We have MILLIONS of discretionary spend reliant mini-hotels (AirBnBs) run by broke amateurs who have never experienced a recession.
And people think these won't absolutely FLOOD the market when bankruptcies and unemployment explode?
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The entire system was a ponzi scheme the whole time.
The never taught me this in business school.
Fucking worthless. I could have saved years of my life if someone just pulled me aside and said "buy stuff with debt and the government will make you a winner. You don't need…
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Just a reminder, your home that was worth $456,117.07 at 2.7% mortgage rates.
Is worth $252,124.46 at 8% mortgage rates.
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Just a reminder, your house that was worth $462,107.54 at 2.7% mortgage rates.
Is worth $267,194.39 at 7.5% mortgage rates.
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Lonely old men who hate their wives and need an excuse to interact with young women:
"We need to return to office for the culture."
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I don't think they make a bottle of tequila expensive enough to celebrate the National Association of Realtors declaring bankruptcy
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I want a correction so large that rich people have to actually produce goods and services again.
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My brother is a millionaire, but he tries to out poor everyone, example:
Hot and humid AF in Costa Rica, I tell him let's take a cab to the beach instead of walking for 25 minutes, its only $5.
Him: "You guys can take it, I'm not rich, I can just walk."
Dumb weird shit like…
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Holy fucking shit, did you know the Canadian Real Estate Association Index started excluding expensive homes to hide price collapse?
HOLY FUCK
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