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/biz/ - Business & Finance

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17067960 No.17067960 [Reply] [Original]

Is the housing market going to crash soon? I really want to be the new "boomer generation" for people to hate in the future

>> No.17067976

>>17067960
just shorted 100k

>> No.17067990
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17067990

>>17067960

>> No.17068007

>>17067960
Soon? Doubt it. Within 5 years or less? Probably.

>> No.17068023
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17068023

>>17067960
>MFW I bought a 105m2 apartment in a EU capital in 2012 for $355k and today its worth $625k

People want to live in the city. Get property with a good location and you will ride out the storm. Get a house in a shitty rural area and you will never make profit on a sale.

>> No.17068052

>>17068023
How exactly did you buy the apartment? You just had 355K saved up? Or mortgage?

>> No.17068176

>>17068052
Mortgage. I had 10% saved up. In denmark you can get very low interest mortgages on the "inner" 80%. Right now I have a loan with 1 year fixed interest rate. Interest rate + all other costs = 0,48% interest a year.

You can get a 30 year fixed rate @1,5%.