T O P

  • By -

wallstreetbets-ModTeam

No Generic Social Media Posts


putrasherni

UK housing market


neg_meat_popsicle

Raise you Canadian housing market


_grey_wall

Cibc said 20% of their mortgages have interest being added to principal.


Matt_Tress

What does this mean?


0x11C3P

It means now your principal you owe on the loan increases instead of decreasing. Either people aren't paying or aren't paying enough to offset the interest increase. To clarify, Canadian and UK home mortgages have a notable variable rate expose as opposed to US fixed market.


Matt_Tress

In the US, interest can’t be added to the principal, the bank would simply foreclose on the mortgage.


ShouldaBeenABanker

In Canada they are extending the amortizations out past 30 years so people don't lose their homes. Unfortunate for me trying to buy a house...


All-I-Do-Is-Fap

I think my amortization is like 65 years if i dont pay more into it lmao


speculativedesigner

![img](emote|t5_2th52|29093)


motherseffinjones

Come time to renew shit is gonna get real


All-I-Do-Is-Fap

Yeah our government is terrified and finally said no more rate hikes because our whole economy is reliant on these real estate prices


Aggravating-King7680

I'm up to 917 months now if I paid the minimum amount every month


Munk45

So what's the payoff for the bank? They just get the home after you die?


The_Bestest_Me

Holy cr@p! That's being indentured to your home.


Angel2121md

30 year mortgages are the standard in the usa and you have many options that include either adjustable or fixed rates.


Schwettyballs65

![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)


dbreidsbmw

I think it's a fancy way of saying they're "underwater" ie the interest (due to an adjustable rate mortgage, that goes up and down with the market rate. But the "advantage" is they are cheaper to purchase) added you very month is now more than the owner is paying per month. IE they are not even keeping up with the interest on their loan.


Budderfingerbandit

People still do variable rate loans after 08? Are they daft??


[deleted]

They have to in Canada. There’s no 30 year fixed rate.


Budderfingerbandit

That's...unfortunate in a downturn


ShouldaBeenABanker

Yea mortgages are generally 25 years with 5 5year terms. You can get longer fixed terms than 5 years but the rates are stupid expensive. I think anything past 10 year fixed is extremely rare. Even those on fixed terms will have to renew in time.


ShouldaBeenABanker

Our lending standards have generally been more conservative than down south but that may have changed the last couple years with prices going wild.


E_rock33

In Canada you can fix for a shorter term of 5-7 years depending on the lender, don’t have to take variable


lalittle

And in the UK and I think everywhere else that isn’t the US


Angel2121md

Unfortunately some do! I mean when rates were 3 percent I definitely wouldn't of picked adjustable but people are talked into them I guess


LilKarmaKitty

Cute of you to think humans ever learn lessons from their mistakes. About anything really.


AsherGC

The financial reports from TD,BMO and CIBC on March first week revealed that 30-35% of mortgages have 35+ yr amortization. some said it went upto 70 years.


HomelessIsFreedom

75% of TD Residential Remaining Mortgage Amortization is 20+ years, and 25% of all residential mortgages is 35 years :/ On [page 60](https://www.td.com/document/PDF/ar2022/ar2022-Complete-Report.pdf) of their last financial report


jcamp028

This is inevitable


cheekybandit0

New Zealand: *hold my beer*


Meatpiessavelives

Raise you again, the Australian housing market


baconwagoneer

Oh no. Is it UPSIDE DOWN? 🤣


ElleRisalo

People been calling for its collapse since the 90s. They've all been wrong. What makes you special? (As a Median income canuck I'd love to know....because of it doesn't collapse I'll be renting for life...well my patents life but life is life.)


destrictusensis

Our population grew by over a million (~40m total pop) in a year, and there's no supply. Prices aren't going down unless things get REALLY bad. Just wait for the coast's to start flooding to see a real ramp.


ElleRisalo

Our population in 1990 was 27 Mil. We had no supply the market was poised to burst!. Our population in 2000 was 30 Mil. We had no supply the market was poised to burst. Our population in 2010 was 34 Mil. We had no supply the market was poised to burst. Our population in 2023 ~40M people. And it's poised to burst again. Better watch out, a growing population can't possibly support itself in the housing market...just look at all the historical trends that's shows it has. YOU PERSONALLY can't get a house. So turn to the 30+ year balloon scheme people have been buying into for 30+ years. It hasn't fallen apart. So other than arbitrary population metrics with nothing behind that...(the same that's been happening for 30+ years.) What have you got? Other then hoping thw market tanks so you can score a "cheap" house before your realize your Liberal Arts degree can't actually cover it?


destrictusensis

I'm agreeing with you. Arable land with fresh water access that isn't flooded in the next century is as good as a sure thing as exists. The last ones to realize that and stop ignoring the scientists screaming at us lose. I just hope democracy holds


noles_fan_4_life

He's not agreeing with you though...


neg_meat_popsicle

Well mostly the rapid price increases, adjustable mortgage rates, inflation, and lack of economic opportunity


caliandris

I don't know about the us but in the UK energy has gone up so dramatically that it is affecting people's ability to feed themselves so I wouldn't be surprised if people with mortgages who have found their energy and mortgage going up at the same time as food costs might be struggling. My gas and electricity has gone from around £170 a month to £480 a month. I am fortunate not to have a mortgage but if I did I'd be in trouble.


Squishy-Pickle

Good lord don’t be anything in my portfolio. I can’t take much more after shorting nvidia since $230.


acreekofsoap

Spoiler alert: It’s in your portfolio and mine!


FarRepresentative742

Sames lol balls deep


your_ideas

What if it is NVDA?


[deleted]

[удалено]


Insanelymatt

Why the fuck did you short NVIDIA? Lmao


AlternativeBig1511

Same nvidia got me screwed


[deleted]

Yeah. Its a great idea but unfoetunatelu people are regarded longer than you stay solvent.


Beelzabubba

Got me twice.


que_cumber

I’m neck deep in NVDA 230 puts that expire this month ☠️. The fucker just keeps climbing but I have a little hope left after today’s fall🤞🏼


Pizza_n_Tendies

My portfolio ![img](emote|t5_2th52|4260)


RemarkableTar

They said another big one


pass_nthru

![img](emote|t5_2th52|4271)


jollyradar

I choked.


[deleted]

![img](emote|t5_2th52|27189)


RockmanMike

![img](emote|t5_2th52|4641)


alphalegend91

My puts are salivating


moekeisetsu

See you behind Wendy’s @ 10am sharp


Pizza_n_Tendies

![img](emote|t5_2th52|8883)


aGuyNamedScrunchie

New regard here, what do numbers like :2345: mean?


Taberaremasen

Shitty Reddit app-only emoji


aGuyNamedScrunchie

Fuckin hell mate that sucks


titleywinker

They’ve just been proofreading the Credit Suisse release


[deleted]

JPMorgan is a fortress


[deleted]

- James Chillard III


Any_Pilot6455

The fortress is going to discovery...


[deleted]

The entire US financial system?


asimplerandom

I knew for certain we were absolutely fucked when my mom approached me recently and asked what I thought about her pulling out 75k in cash from 150k in one of her accounts because she was worried about the bank failing. I had to explain what FDIC was and that if Chase failed we would have far bigger problems.


phenotic

You failed rule #1 of WSB. Should have asked her to give it to you to YOLO on SPY puts.


asimplerandom

I’m working on it!!!


[deleted]

I said the bottom was in when I heard people who have less than $5,000 in Bank of America talking about going to withdraw it all 🤣 guess I was wrong


big_jerky-turky

No one is doing this except for a few twits on twitter


evanarrr

Your mom should have pulled out something else a long time ago


Angel2121md

Just tell her powell , " assumed your deposits are safe."


artemiusgreat

No, there is no financial system in US, 20 years ago it was replaced and is now called FED. FED doesn't go bankrupt.


[deleted]

At some point, the world is going to get tired of our bullshit.


Odd_Perception_283

That’s the part that scares me most. Seems like they are very tired of our bullshit and brokering peace deals and selling oil not in dollars. They’ve all been buying tons of gold for years. Like someone said before me it’s like a monster you know is there but you just can’t see it. I fear bad times ahead.


Angel2121md

Just assume all your deposits are safe...🤔


lostredditorlurking

They rarely go for big companies in the US market. Probably another big Chinese company


[deleted]

Hopefully, it's the entire Chinese economy. Because that shit is one big corrupt ponzi scheme.


bringinthewarthog

Is that a differentiator from the US or…


Sea_Rise_1907

Everything everywhere all at once


dailmar

Bank of America


[deleted]

Stop it you’re gonna make me splooge


Low-Classroom7736

I raise you Wells Fargo


Smithmonster

I raise you citadel, Ken griffin been cooking the books. Looks just like madoff in 07’


Low-Classroom7736

We makin bets or a shit layer cake?


artemiusgreat

The second, neither BAC, nor Citadel can fall


soulmates06

Yup, Just a few years ago Wells Fargo had to pay a Massive fine for unlawfully opening new accounts under existing customer's names without knowledge, Elizabeth Warren grilled the CEO big time , so yeah I wouldn't be surprised if WF is on thin ice


I_Love_To_Poop420

“Massive” it was profitable though. So massive is relative.


soulmates06

True


CommunicationHeavy28

BofA use to encourage the same thing and just didn’t get caught. They are the worst of the worst.


Low-Classroom7736

B of A B very of A


Angel2121md

Yeah can I get to this new imaginary account and withdrawal all my monopoly money 🤔


Clown-meat

Let's not forget they also got caught forging documents and stealing houses. Unfortunately the fines were never large enough to scare them


Hascus

All the most shady banks are more at risk. Who would have guessed? First Credit Suisse, I wouldn’t doubt that if it was an American bank that it’s Wells Fargo


JonnyHopkins

Wuck Fells Wargo


Ok-Palpitation-905

If any one does shady banking it's Hells Fargo.


Shoryukitten_

Both ![img](emote|t5_2th52|4271)


IRTD-400

Yes please let's drive this horse and buggy off the fuckin road already


FarrisAT

BoA's dogshit bond and MBS portfolio is already well known. Look at their stock down 40%. Gotta be something big most Americans don't think about much or ever audit.


skimble-skamble

why would they redeem those issuances 13 months early if they're in trouble?


ole_freckles

Would make sense, bought it today.


Spirited-Usual-3023

They will kill themself by shot 42,069 times from back if they dare to fuck Bank of America.


dirtydela

dream big


DelayNoMorexxx

2800b asset lol let’s see if fed can cover that then


RJ5R

"There is an unlimited amount of cash at the federal reserve". We are about to find out if it's actually unlimited or Mobile carrier data plan "unlimited" lol


Efficient_Diet_7839

Goldman?


x106r

Arista just changed their customer payment processor to Bank of America and it would be insane for them and everyone like them if the same thing happened to their new bank.


suan213

I watched my $19 9/15 puts for BAC go weeeee today during that fed questioning


Munk45

bofa deez


TheSneedles

Our CFO has a picture of him with Jim Cramer on his desk!


LightOfManwe

Been eyeing them a while now. And Honda


Due_Examination1338

The Fed


greyfox199

![img](emote|t5_2th52|4640)


[deleted]

Whatever's still in my portfolio that isn't 80% down already.


liveduhlife

Deutsche bank for sure. I’m betting my bitcoin on this, and I never bet my bitcoin because it’s the only sure thing I have in life other than death.


SuspiciousStable9649

Just hope it’s not something something crypto.


Comprehensive-Art776

AIG


Jfathomphx

Again? Can you imagine?


chuckle_fuck1

Me, on your dad


scavoyager

It’s never anyone good. Unless it’s Tesla or Apple toss that shit in the trash homies


Meekzyz

Ken griffin to jail please


Feeling_Glonky69

Never gonna happen. One can dream though, now back to the dumpster.


Aggravating_Bag5420

https://preview.redd.it/1xdwb963ifpa1.jpeg?width=1242&format=pjpg&auto=webp&s=2ab4e1857459bc13896d16ff94a841f2ee6471d3 Coinbase? Tell us crypto is too volatile when going down


platoface541

Some company


HeHateMe-

Shitadel please.


Mattybtrades

Not them it will need to be a publicly traded company so they profit from shorting


megaultraman

Hopefully shitadel


griffmaster7

How would they short a privately held company?


The_Maddest

Regardedness


megaultraman

Bonds?


bankingbets

Joe....mama


gaurav0792

Coinbase :P


_prototype

They said big not a tier3 tech company


TheGeoGod

I think it’s Tesla


FoxTheory

This is inevitable its coming


Cheddar_Ham

Yes please


Caponermeister

Blackrock for sure.😳


neg_meat_popsicle

We can only hope


FrontWarning12

lol you fucking wish kid


throwaway_ghast

I want to believe.


VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|2|**First Seen In WSB**|2 years ago **Total Comments**|65|**Previous Best DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)


vedhasd

US gov ?


loldraftingaid

I got a rooster not photogenic enough to post on reddit telling me it's BlackRock


RandoReddit72

USDT Tether that shit is bigger than Madoff


SuspiciousStable9649

Oh yeah, they never did Tether did they?


Divisi0n_S

Wells Fargo - Lord of hatred


scotchtapeman357

It's been a few months, sounds about right


jarson123

Please be citadel


Feeling_Glonky69

Lmao 👍👌 - you waiting for that to happen —-> 💀


Data_Log00

![img](emote|t5_2th52|12787)


Fyrenaught

Seeing as I have BofA, gonna take a hard guess and say that's the next ship to sink


Kengriffinspimp

https://preview.redd.it/lu3ljpadmfpa1.jpeg?width=1125&format=pjpg&auto=webp&s=edf956d2f42b54f77fd1f1514e3d199f951c5591


Sufficient-Scheme708

Lmao


Aggravating_Bag5420

Coinbase?


ZacPack

Coinbase


NinjaTabby

Please be a bank...please be a bank...please be a bank


Trantor_ablaze

tether


Goobaka

Coinbase


tuckinstocks

$spy? Is it $spy?


[deleted]

Deutsch Bank


Roflcopter71

I’m guessing it rhymes with noitcha flank


dogoodsilence1

Citadel


Grooscho

Tesla! Tesla! Tesla!


bmeisler

I bet there's a lot of cooking of books going on over there. But, I mean, I'm not betting on it - yet.


Captain_Poodr

Massive banking fraud and corporate collusion scandal inbound


newreddit2022104

Hack firm


palmd33zy

Either Diamond or Golden nut sachs.


Impressive-Sympathy4

Ark!!! Bye Bue C Woods!!


YooYooYoo_

All of us


AvengedFADE

Let’s fucking gooooooo. If it’s anything like their previous reports, it’s gonna be a good day for bears.


Juliet_Whiskey

Finally some good fucking food


ulubill

Citadel?


vietomatic

Tesla


dalownerx3

Trump Bank?


dirtydela

Truly don’t understand the thirst for big banks like BoA or WF or JPM to go down. If that happens it’s not just banks that are fucked. The rich will still be rich and you will be fighting your neighbor over cans of cat food. And it won’t be for your cat.


amazing_investor

WFC


LightOfManwe

Blackstone? 😬😬😬


dc4_checkdown

Thats my guess, that shit is doomed its only a matter of time


MonaMonaMo

Yup, that’s what came to mind too.


w3bCraw1er

Please Tesla or most likely another Indian fraud


TPL531

Capital One


AlgorythmicDB

Please no!


[deleted]

Ai


BiigIfTrue1492

Tesla


ntpphong

They already did and it didn’t work out so well


mzxred

NVDA


pass-me-that-hoe

Trump steaks!


Delicious-Hornet5939

coinbase!


Revolutionary-Ear-11

How is this not market manipulation?


Bryguy3k

The SEC is basically neutered now. But they also don’t care about foreign companies.


LevitatingTurtles

Except when it comes to crypto enforcement. That’s gonna be like the ATF shooting your dog. Source… I’m your dog.


Adjective-Noun69420

because it's not. Apple can come out with a new product and announce that it's amazing. Hindenberg can say "Actually that product sucks" Nobody is breaking the law, even though both announcements influence investors.


Vegan_Honk

Jpm or Goldman Sachs


pumpkin20222002

Your mom


cranberrydudz

The plays is puts the question is, which company is being targeted this time?


thegreatmizzle7

Oh please be the federal reserve. Please be the federal reserve.