big short

Alfreda 2022-04-23 07:01:13

It's about the guys who bought the vacant city with a betting deal before house prices collapsed. It gives people a sense of crisis about the current housing price situation and begins to measure the housing prices around them and people's ability to pay. For example, I have come to the conclusion that the house price is too high. There are some people around me who will not be able to repay the mortgage after a little accident at work or after retirement. Almost all the money on their body will have to pay off the 30-year mortgage. Two days ago, his daughter She also came to ask her dad what kind of mobile phone should he buy, but her dad thought it was too expensive and didn't want it. Another friend bought two houses with a down payment loan when the policy was relaxed some time ago, that is, he bought two houses with zero down payment, plus his own set of 200 square meters has three houses. Now start using the pos machine to cash out, and all the cash is going to pay the mortgage. So there are risks.
But looking at the deeper reasons, this is a policy reason. In the United States, capitalists make rules and participate in the game to profit from it. The government is controlled by capitalists without supervision, which led to the outbreak of the crisis. In our country, the government has a strong independent control ability. It is the game rule maker and stakeholder. It sells land and hopes to sell it at a good price to make money, but at the same time, it does not want too high housing prices to affect the economy or even the governance. There is a strong character in the United States and elsewhere that is the vampire. But anyway, our vampires are very sane.

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Extended Reading

The Big Short quotes

  • Lawrence Fields: [barging in] We have no confidence in your ability to identify macro-economic trends.

    Michael Burry: You flew here to tell me that? Why? Every, e-e-anyone can see there's a real-estate bubble.

    Lawrence Fields: Actually, no one can see a bubble, that's what makes it a bubble.

    Michael Burry: That's dumb, Lawrence. There's always markers.

  • Jared Vennett: Now their foot's on fire and they think their steak is done, and you're surprised?

    Mark Baum: That's not stupidity, that's fraud.

    Jared Vennett: Tell me the difference between stupid and illegal, and I'll have my wife's brother arrested.