/biz/ - Business & Finance

>>18764333
Pump
>and
Dump

they managed to trick people in believing of the fake 19 common cold, i dont see why cant they do this?

Desperate they are, don’t let any of your people fall for this nonsense

stupid panicking boomers think they can still sell their houses at the top. you can list a house at any price you want doesn't mean someone is going to buy it in quarantine

>>18764333
Housing prices went falling in my area at all.
I live in the nicest area of Tacoma WA.
Homes are still going for $700k+
With purchases still going through.
I doubt Chrona Chan will kill the housing market.

>>18764333

They can list for whatever price they want, doesnt mean it will sell

>>18765471
Folk are still paying 5% over asking for homes in good ares.

>>18764333
I do media work for a real estate company and they wanted me to use the same fucking stock photo in a video this week

>>18765350
>Housing prices went falling in my area at all.

Realanon here and I will enlighten you, since I have plenty of fucking free time because nobody's sold shit in weeks:

Real estate asks aren't like stock prices. They take months, even years to adjust to market conditions.

Unlike the stock bubble victim, who is informed of his unfortunate status by website or at the latest by quarterly statement, a guy who's holding a $500,000 house that is now worth $200,000 doesn't learn this until he lists the thing and gets no offers. And he won't figure that out for weeks or even months. Then he might trim $25,000 off his asking price, and wait another 3 months, and maybe then another $25,000, etc.

So, when you see listed prices stable, it doesn't mean the housing market's fine. It's a fucking apocalypse right now, but owners don't know and nobody can tell them. Nobody's expecting to sell right now anyway.

>>18766046
We aren't seeing corrections like that yet.
House down the street from me sold for $50K ABOVE asking just last week.
A whopping 750K for a kinda shitty house in an amazing area .

Anyone who claims 2008 levels for housing prices are coping people who can't buy a house.
Usually people who are age 20-30 who make bad choices with money and think a crash is their only hope to get into a house.

>>18766046
Very, very professional viewpoint. Can tell you know what the fuck you're talking about.

>>18766135
Clearly you didn't't read or understand what was posted. Try grasping the concept you might be wrong about what you think.

>>18766174
You faggots have been saying a housing market correction was coming for over 2 years .
Yet it never happened.
Maybe you don't seem to understand.

>>18766135

Whoever got that deal done earned his commission. I'd like to see the volume in that area -- total sales, new listings and the all imporant sales/listings ratio.

Because we're down about 75% since mid-March here.

>>18766174

gets it.

>>18766225
It's North Tacoma.
Look up the data if ya went.
Prices are still crazy high and climbing.
My home's appraised value went up $150K in a year alone.

>>18766211
Buy a house then you dumb faggot. Seems like a great time, according to your own analysis, right? Hmmm lets see brainless, you're speaking of homes selling for above asking price, in affluent neighborhoods? Hmmm I wonder if that's the average American making that home purchase? The one with <$1k in their bank account? Or is it more likely its someone with money already? Most likely a millionaire to afford a home like that?

Hmmmmm who do you think has a greater effect on the average price of homes in America? Millionaires or the average-income 99% of the country?
What a trench brain retard you are, stomping your feet around here like you're saying something intelligent based on your own dumbs evidence.

>>18766265
>North Tacoma
>This is indicative of the United States housing market
Eat a bullet retard

>>18766281
>Buy a house
I did, in 2017 at age 24yrs old.
Best decision I've made, cheaper than renting, actually owning an investment.
He'll, I'm even taxed less now.
Have a roommate to further decrease monthly costs. I save like $700 a month VS renting.

>>18766306
>That response
Top kek
Stay poor bro

>>18766390
owning a house is not an investment.

>>18766265
>My home's appraised value went up $150K in a year alone.

Yes, that's exactly what I'm talking about. Now say there's a housing crash, and your house is actually worth $150k less than it was. You list for the assessed value and get no bites in 6 weeks, so you drop the ask $25k, wait another 60 days, etc etc -- it takes months for the list price to come down to actual real honest-to-god market value.

That said, I had a look and I must say I'm jealous of the market out there though. >1 month inventory and 75% selling under 30 days = what a place to be a realtor. Hope it stays that way for you Anon

>>18766390
You live with another man like a faggot to afford your retarded COL in that area. You're a financial retard and there is no reason I should have wasted my time explaining how markets work to you. I'm glad to know that YOUR faggot ass, thanks to not being an affluent millionaire (as we spoke about) is going to get decimated in the coming year or two. In fact, I am now going to actively gorge myself on the pain I already know you are going to feel in the coming months. Fuck man, I love it. You're so fucked and you deserve it, for being a Twink faggot that lives with other dudes in the same house. What a pussy.

>>18766390
>actually owning an investment

A dirty secret is that a house isn't technically an investment -- houses are a liability. The hope is that you're in a desirable enough area that land appreciation overtakes inflation, the criminal amortization schedule and home maintenance costs.

We don't tell you that though, and fuck it, life is not a bank account balance. Living somewhere nice is worth money to me, and I'm willing to forego financial opportunity to have the view out my window each morning.

>>18766472

DAMN SON

>>18766460
.t seething failure who doesn't own his own house despite being over 25yrs old.

>>18766472
It's my Twin brother, chill out bro.

>>18766544
That fucking cope
Fucking hell Anon.
Ya I better pay MORE money for a house I don't own and will never make any money every from it.
Sure, you can lose a house
You can burn down the house by accident
But I'm not every paying for something I won't own again.

>>18765826
Elaborate on this. Large national or regional company? Did the photo come down from the top? Did some big boss tell you to use it?

>>18766632

Hey, I'm happy for you. Of course, if you've got a mortgage, you don't actually own the place -- try skipping a few payments and see what happens.

And a house with an encumbrance such as a mortgage is by definition a liability, just wait until it needs a new roof. You will almost always come out ahead, in the long run, renting a place and investing in financial assets than buying detached with a mortgage.

What I was saying is that in my opinion having a house is worth the lost financial opportunity, especially if it's in a desirable area that might appreciate enough to overcome the losses of home ownership, but even if it ends up costing you more.

>>18766265
>My home's appraised value went up $150K in a year alone
how much did your property tax increase by?

>>18766755
>Don't get forclosed on XD
That's the same argument an 80iq retard I work with said.
He's a 30yr old looser with shit pay and has like 3 kids with some ugly Asian lady.
Turns out he's just ass mad because he's been laying rent for 10 years with nothing to show for it.
He also told me he used a witch doctor to help his wife get pregnant.
Therefore anyone with your opinion is retarded

>>18766788
That's not how property taxes work.
The county estimates values on their own.
My house may be valued at $450K from 300K in 2018, but the county taxes me based off their 323K estimate.
I did a refinance last year and that required a private appraisal.
Took off $400 off my mortgage so it was worth it.

>Housing market about to crash
>Reality businesses panicking
>Boomer business model already on the edge
>Getting beat out by Zillow, Redfin, Airbnb
>This is the last gasp of a dying industry
>Gotta sell over valued houses NOW

>>18765350
Wanna know how i know you're a spic?

>>18767078

I wish you best of luck, Anon, and I hope it works out for you.

>>18767321
Swing and a miss
I'm over 90% Dutch.
Family moved to the USA after WW2.
Everyone is over 6ft all I'm my family, even the women.
Pic related


>>18767387
I have 2 years living expenses saved at all times. I doubt I'd be jobless for 2 years straight.
Even then I have safeties like my parents and brother.
Hope for the best, plan for the worst.

>>18764333
I'm sure there's a technical name for this, but let's call it "the ebay effect". On ebay, prices for things get inflated because sellers will keep shilling their wares at overpriced numbers. Then some retard does a google search and sees these list prices and buy-it-nows on ebay and thinks that's what something is REALLY going for. So now he thinks that's the value, and lists his thing at that same price as well. And someone else sees, and the cycle repeats. Next thing you know you have everyone listing their old crusty Nintendos for 200 dollarydoos each.

>>18766046
Real redpilled anon here. The truth is that prices will never fall and owning a home will just become harder and harder until the majority of the population can not afford to live in crowded favelas that will be owned by Jewish slum lords.

The main reason why things will always be out of reach for the majority is because Jews do not under any circumstances want white people to buy homes and start families. They want the white race to go extinct and having houses always at a very high price suits their agenda.

>>18765471
Most people buying are retards that think their "buyers agent" is actually on their side. They'll pay what they told to pay and be happy about it.

>>18765350
>>18765776
>>18766135
This faggot is sweating bullets that hes about to be underwater with his mortgage.