/biz/ - Business & Finance

>>30004523
Unironically never. If you don't own now, you will be priced out forever. It's new paradigm, the new normal.

>>30004752
This, as boomers die out their properties will just be held by overseas foreigners, banks, speculators, etc.

>>30005078
Is real estate the crypto of hard assets?
Desirable houses already built in nice locations are BTC, everything else is an altcoin

>>30005078
>>30004752
This OP you're fucked
>bought a house in September
>neighboring COMPS have gone up 30%
i am LAFFIN

>>30004523
not before a financial system reset so maybe never. All the institutional money and also retail money is dumping there because the bond yields are zero and banks lend for anyone

I dunno man. Shit is insane and blowing past 2007 craziness. I hope it fucking plummets soon.

>>30004523
Foreclosure and eviction ban ends. Then houses will flood the market one way or another.
but
Chinese investment firms will buy them sight unseen for cash. You wont get anything remotely affordable.

>>30004523

Fiat currency is to blame.
Modern monetary theory is to blame
(((Tribalism) is to blame

>>30004523
When the CDC stops market intervention, all the three letters for that matter

>>30005342
>Chinese investment
Blackstone mostly, like in 08. They buy the bottom and make the bottom

>>30004523
Never, rates are <3% for 2 more years, expect max tendies until 2023

GOD, the more users shilling a crypto the worse it dumps. Stop being an idiot, don’t follow this trash
I don’t believe in this shill. My assets are on liquidity pools with YVS Finance model. I can withdraw whenever I want and any number with no stupid taxes

>>30004523
Population Growth

Just imagine in a few thousand years when plebs will only be able to afford real estate on shitholes like mars and venus where you can get outside max 30min without asphixiation because they're not fully terraformed yet

Just imagine what people will pay for earth real estate

>>30005355
>CDC
OK what the FUCK was that about? The center for disease control had a say in this shit? What the fuck. I forgot abotu that and now I'm mad.

>>30004523
Unironically flee cities and normie suburbs.
Take the rural pill.

>>30005858
>Your critical thinking you were taught isn't helping matters

>>30004523
freeze on evictions/foreclosures and the fact that it's too expensive to build new houses right now are making it worse, it might become a bit easier to buy after that's fixed but after that it's just gonna get crazier and crazier. don't wait much longer than a year if you can help it

>>30005974
AAAHHHH FUCK YOU FAUCI I CAN'T EVEN GO TO A BASEBALL GAME AND YOUR DUMB ASS CAN.

>>30004523
When the goyim have been moved to their pods

fuck this gay earth, im going to carve a house out of a rock hill and they wont be able to do shit.

>>30005991
I don't believe any boomer number go up delusion.

I've met landlords I'm tears literally who are hopeless at getting a tentant out. The policies are sucking dry the mom and pop landlords in order to force a wave of selling at a time the three letters decide.

The big property mangers get to ride on PPP shit.

>>30005184
Yep. Take a good look at the Washington DC housing market. You cant even buy a house in the ghetto for no less than $400k. To make matters worse, fleeing to the suburbs wont save you because they are even more expensive in certain areas.

Its bad everywhere because people are selling houses in those expensive cities and moving to lower COL areas and cash buying houses which is causing distortion in smaller markets.

>>30006209
Uh you forgot your electrical and sewer hookups. That will be $40,0000 please.

Its literally the inflation indicator

>>30005854
This is dumb. There's tons of empty land for cheap here on earth

>>30005206
>TFW bought a house at the very beginning of the pandemic that has gone up 20% in value since
I still remember the RE agent saying "it's perfectly understandable if you want to back out because of the pandemic"

Australia, likely never. I thought for ten years the crash was just 'round the corner'. Then prices went up during a pandemic, and I finally realized I was wrong. I was thinking in old terms, viz supply and demand. I should have been thinking in new terms, viz silver manipulation. They'll just keep it going until they can't, or they benefit from a crash.

Shrug. None can tell the future, and even the PTB are subject to events. But I expect another 20 years of this ridiculousness.

I really want to know the answer to this. How much of the pump is due to the moratoriums and how much is due to calinigger buyers flooding the markets in other states?

>>30006934
The data is available for free

>>30006396
Yeah, because poorfags are too stupid and poor to leave their megacities. I honestly hope America just implodes and has 80% of the population live in four giant dystopian mega cities while everyone else just lives in giant ranch houses with miles of free land. Cityfags deserve nothing less.

>>30007037
Link

>>30007037
Where?

>>30006934
nigger our housing prices are only getting higher

>>30000000
?

>>30007323
Right and your $900k shit shack in San Bernardino can get you a lot of house in Boise.
>Golden State intellectuals

All they need to do is say "if you dont physically live here, you cant own property here". A mind boggling amount of property is held by chinks as a hedge against their godawful government

Of course that would make prices go down so it'll never happen. To quote from a local economist "I've spoken to so many politicians and they all agree, yes, houses must be made more affordable. So then I say "great, how much should the prices come down by?" Never get an answer to that "

>>30007037
Stop lying. That type of in depth data you have to pay for.

>>30007411
>idaho
nobody willingly chooses to live in places like these. people end up there after getting priced out of the coast.

stay poor :^)

>>30007521
Idaho is very nice, thank you.

>>30007278
>>30007282
Literally do a bit of creative common sense.

>usage bls to get an idea of the California average income
>find net amount of people leaving
>deduce a rough amount of capital that flew out that could go towards housing

>find average annual evictions before covid
>find the amount of mom and pop landlords
>deduce ongoing amount of lost rent
>deduce the percentage of mom and pops who'll want to dump their rentals, especially if they're near retirement and see the govvy has the deadbeats backs

>>30006270
>Its bad everywhere because people are selling houses in those expensive cities and moving to lower COL areas
Can confirm. Cityfags everywhere are evacuating their citadels for the suburbs still within the metro area at insane rates and regularly getting into bidding wars here in the Northeast.

>>30007571
k flyoverfag

>>30007571
It is a poor man's Iowa, which is saying something

>>30004752
>>30005078
These, I'm biting the bullet. Owning land in a 90+% white area away from cities is worth it at any price, in 10 years most people wont even be able to afford a 3% down payment.

>>30007625
Did you already do this?

>>30007457
that's the thing, houses don't need to go down, wages need to go up. I should be making $500k a year not $50

>>30004523
Most anons are saying that it's not ever going to happen, as are the press.

It's gonna to happen sooner than you think.

>>30008082
That's why I'm asking. I don't believe the "valuation line go up forever" shit people are saying. I also have a feeling it will be way faster than 08 took to onset.

>>30006057
> Put your health in the hands of this guy!

Why are all politicians such fucking losers?

If the press is saying prices will keep going up, it's time to start selling to the highest bidder anons.

Realistically the economy is so badly fucked right now.

Fundamentals make no sense whatsoever.

VERY few developers can even afford to build a house right now.

Costs damn near 100k+ just to build a house, and then 50k for the land, they try to sell these houses for 300k in locations WITH NO ECONOMY.

What the fuck did they think was going to happen?

If you live in an area with no economy, like upstate NY and try selling houses up there for 300k, the only buyers are going to be people from NYC trying to escape and work remotely.

This is such a fucking retarded market.

Retarded markets correct.

>>30008230
idk, and not that I liked the guy, but Dubya could at least hit the zone.

>>30006492
Same here. I've been saying for years that by all mathematical and economic models this should all crash any day now, but then you remember we live in clown world where nothing matters.

I mean it has to stop EVENTUALLY but I think the end will be pushed down the road until it gets gruesome.

>>30008300
True. G dubs was a loser in his own way but he was way cooler than Fauci. Trump was cool in some ways too, at least he wasn't the generic spineless bureaucrat that most politicians are.

>>30008283
show me all these houses going unsold. oh right, you can't.

>>30005991
>it's too expensive to build new houses right now
Can confirm. My family actually run a construction company. Last two homes they built they just barely broke even on. Even doing minor shit like fixing a fucked up pipe or something stings. Had to pick them up from bars/parties an awful lot while they were under construction. My dad even needed to fix the buyer's washing machine just to not get (potentially) sued. Granted, they did pick up a lot of capital goods in the process (tractors, tools, SUV, etc.,) that were tacked onto the expenses of said homes. Factoring that out, it's still only turning about a 75% profit. When the bubble pops, it's going to sting them hard. Fortunately construction is a very diverse field, so money can be made doing other shit, like pool enclosures.

>>30006250
Odds are pretty good landlords are going to be the ones who end up popping the bubble if stimmie-tenant protection continues. Def lurk landlord social media and gauge that.

>>30007457
This is actually how we outsource labour and get the proceeds of that labour back. It's absolute shit but this is how it's working. China gets stuck with the misery and pollution while we make ourselves pretty and they throw most of it back at us because they want to be part of something less ugly than home. The CCP has to wage a continuous war against capital flight.

>>30008849
>he doesn't know how a bubble works
You're ngmi.

>>30008283
>Retarded markets correct.
Not if the people in power benefit greatly from the retardation. They'll resort to giving people free money to buy houses and prop the market up if they have to.

>>30008894
>Only a 75% profit.
These are pretty good margins. I'm sure it's very sad for them to only be raking in low 7 figures.

>>30008894
Why has it become too expensive to build houses? Is it any specific laws or is it just inflation in general?

>>30004523
all of you are wrong houses will be printed (3D) and market will lower when these generic pieces of shit are spit out in a day you fucking faggots

>>30009213
Shill me your white paper then my dude.

>>30009257
fag
https://spectrum.ieee.org/tech-talk/green-tech/buildings/3d-printed-homes

Lol reality? That doesn't exist anymore. How many trillions have been printed? What even is a dollar? The answer is NEVER. You either bought real estate before 2020 or you'll never own real estate unless you are the upper class. I am sorry for those that missed out.

>>30008894
I already know. The landlords like you parents are in complete despair whom I spoke with, but the Soros funded nonprofits go to eviction hearings and hollar about renter's rights who haven't paid in months.

Another asset that is surprisingly expensive are cars and its worse in the truck and SUV market.

>>30009302
>Pajeet proof of concept
Pretty neat, but when could this hit the market? They also brought up interesting points about the environmental control the concrete needs.

>>30009473
not sure how soon but its coming as 3D printing and materials science evolve

>>30009417
Yeah I've noticed car prices have gone up in the last few years even for used shitboxes on craigslist. I'm trying to sell mine now and have it listed at like 18k when the kellybluebook value says 13k and i'm still getting lots of interest

>>30004523
Tbh hoping this GME business actually does cause a market implosion. That'd do it.

>>30009124
I probably undercut it, but compared to their net worth, it's not much. Consider that those margins will eventually have to go back into another house. Not looking so good famalam.

>>30009134
>Is it any specific laws or is it just inflation in general?
Both. The houses would have been done half a year before when they actually were completed if it wasn't for the fucking codes. In one of the homes they had to install the very first septic system of its type to ever exist in our state, and that mother fucker was in the suburbs. Inflation also adds onto this because now contractors jack up their prices, and when you factor in delays, those prices rack up. There's a reason why "time is money."

>>30009366
My parents aren't landlords. They build homes. They plan on becoming landlords soon once the market tanks though.

>>30004523

Yall forget how high interest rates used to be.

Back in 2000 it was like 8%. 8 fucking percent. So do the math...

If you have a $100K house, you're paying $8000 a year in interest.

Now. You can buy a house for 3%. So a $300k house and you're only paying $9K a year in interest... much less than paying $8K in 2000.

Housing prices are based off of what people can afford monthly. Therefore, as long as I can refinance to a 15 year for 2.64%, than house prices are gonna be crazy high.

>>30008894
>Def lurk landlord social media and gauge that.
I do and it's a laugh riot.

this entire thread reads like capitulation phase.

which means the blow off top is near.

and by near i mean 10 - 15 years from now.

>>30007521
I really don't get this snooty perspective on the bulk of the country.
Imagine living in relatively white areas where you don't have to worry about the modern clown world quite so much.
Imagine having the ability to make Manhattan wages while paying Mississippi prices.
Imagine living much closer to nature, farming, and raising animals.
Imagine rarely ever having to see a nigger unless you go into town.
What's the fucking downside? You only see a Starbucks once a day rather than on every block? Boo-fucking-hoo.

>>30009688
lol I bought my house 4 years ago at 3.2%, it's now worth double what I paid but interest rates haven't halved

>>30004752
This

>>30010013

Nope. Market fluctuates and still has to catch up some. Same thing happened on 2005

>>30009961
You don't understand, anon. It's a fulcrum to feeling superiority.

>>30007323
Wait until they repeal that initiative that keeps property taxes down. They're gonna do it, they need the money.

>>30009961
I grew up on the coast I an believed until my mid 20s that every flyover state was a boring shithole because that's what the media taught me.

Probably not until society falls apart, in which case you can just occupy whatever house you wish to own.
Really though if you want to buy just buy rural property.

>>30009820
>and by near i mean 10 - 15 years from now.
we are SO early!

>>30004523
The govt will come save you lol

I'm thinking about buying a bunch of $4k lots in Citrus County FL and just HODLing for a decade. I think people will be fleeing to FL and will want to build there. The roads are all already paved and everything but the lots are mostly empty. Any thoughts?

>>30011063
what are the taxes like? If it's in a development does it have a HOA that you need to pay fees for? What about building restrictions?

>>30011063
Fantastic idea, do it immediately. After spring-break, you will start seeing your hodls get pumped in the Summer. Don't sell then, but definitely use that as a signal that you're about to make serious cash.

>>30004752
Uncle H will make a comeback and fix this whole mess. Then you'll see.

>>30011296
Idk haven't looked that deep into it yet but this is helpful to know what I should be looking for. I don't think there is HOA but no idea about building restrictions. What kind of restrictions should I look out for?

>>30011510
>After spring-break, you will start seeing your hodls get pumped in the Summer.
What are you basing this on?

>>30009961
>Imagine having the ability to make Manhattan wages while paying Mississippi prices.
If you can tell me where I can make $400k a year as a software developer in Mississippi I'll move there tomorrow

t. makes 400k in manhattan

>>30008917
This is why the west wins until it becomes a shithole like China. It's why the illusion of allowing foreigners into your country is important, but needs to be revocable at a second's notice

>>30011758
During spring break, normies tired of lockdown will come down here. There is zero lockdown bullshit here, so they will think this place is a paradise. Even better is that moving here will be stupid cheap. Long-term this is fucking awful for the state, but short-term it will earn you massive stacks.

>>30004752
>new paradimg!!!1!

>>30004523
when bombs start raining!

>>30011961
Have fun getting all 400k robbed by niggers in times Square

>>30004523
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 20-30% yearly price appreciation.

Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the previous and other asset bubbles - it will never slow down, or pop. The gains are permanent.

>>30012955
just look at Europe for the future where they have multi generational loans, that's where the US is headed.

it's worse in europe, to me the usa are a lot cheaper than here

>>30012006
>>30011510
>>30011296
is this bearish? is low-income housing being built there bad for lot prices? i guess it's better than the lots remaining empty but idk


https://www.chronicleonline.com/news/local/habitat-eyes--home-development-in-citrus-springs/article_5329c09e-7b2c-11e9-a57b-8781ed83a9a4.html

>>30004752
I had to sell my house in my divorce last year and I’ll probably be a rentfag the rest of my life

>>30004523
Just stack silver like the rest of us poorfags. We dont need these boomerass prices. Us pirateniggas will make our own country with our booty when we become trillionaires while shitty crapshacks go to shit. Fuck the FED we will become the reserve ourselves.

>>30007957
>90% white área

Haha just wait until Biden’s HUD policies start going through they’re going to build section 8 housing across your street. The white man can’t run anymore.

>>30011961
Can you not work remotely?

>>30011063
Lol...if there are actually real lots for $4k and they're not next to a nuclear waste dump or something, then yes fucking buy them. Don't plan on getting rich in 2 years but I don't think you can lose on that one

"Land is the only thing they're not making more of" - my gramps every time we drove by a piece of land for sale

>>30004523
As population increases, price will go up - and they honestly plan to import 1 billion 'refugees' due to climate change by 2030.

>>30004752
>If you don't own now, you will be priced out forever
Then who's going to buy the houses in the future?

>>30015952
Who do you think?

>>30015952
the chinese government

>>30015952
privately owned houses will become super rare as all the big corporations buy them up to rent out to the serfs, welcome to neo feudalism

>>30015952
idk a script probably.

anyone who pays hundreds of k for a particle board drywall heap on a suburb lot is an unironic retard

>>30008894
>>30009752
>landlord social media
lank?

>>30016072
or what? rent? lol I will never be a rentcuck, I have owned two houses over the past 10 years and made money on both, I actually ended up being paid every year to live in my second house, even after taking all the expenses out of my profits.

>>30008917
this is such a load of bullshit
have you ever been to china?

>>30009005
they have, behold. the government is backing subprime mortgages on overpriced homes.

Forbearance ends in September, foreclosures take up to two years for some states. But I think there will start to be lots of short sales and foreclosures within the next few years. I've been a realtor for seven years, and even before Covid I was saying Fall 2021. I feel like nostradomus sometimes.

>>30005342
Why arent their laws to tell foreigners to gtfo? We live in a whore state. Anyone can stick their dick in this country and we just have to take it. This country gay. We should ban all non-citizens from owning property here. That would be a massive start.

>>30004523
You have a deflationary mindset
With perma forbearance then government money for down payments coming down the pipe and perma Fed money printing nominal prices will continue to increase.
If you want to see what YCC and structurally higher inflation looks like Google financial repression

>>30004523
30 mins
>>30004752
This post confirms

>>30005854
Id just move to siberia at that point. That land will always be cheap and available.

>>30004523
buy the smallest mortgage for the most land you can manage as soon as you can. and dave ramsey is right, don't buy without having a decent amount of fairly liquid cash. put as little down as possible and keep a cash or short term fund with at least 2% of the home value and add to it every month.

>>30004523
When the bombs start dropping.

>>30006057
NIGER WHAT!??!? why do we honor these stupid faggots. OHOHOHOH so majestic. He is going to play baseball. HE DESERVES IT.

>>30016068
this. once home ownership is on an NFT you'll have bots frontrunning you when you go to buy a new home

>>30015609
The thing is i've been looking at them on zillow and it looks like their prices have just gone down over the last decade. i wonder if they will continue to do so or if new development will finally kick in
https://www.zillow.com/homes/for_sale/land_type/?searchQueryState=%7B%22mapBounds%22%3A%7B%22west%22%3A-82.60154460406913%2C%22east%22%3A-82.35225108767911%2C%22south%22%3A28.937836401397757%2C%22north%22%3A29.038170518252063%7D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22price%22%3A%7B%22min%22%3A300%2C%22max%22%3A5555%7D%2C%22mp%22%3A%7B%22min%22%3A1%2C%22max%22%3A19%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%2C%22con%22%3A%7B%22value%22%3Afalse%7D%2C%22apa%22%3A%7B%22value%22%3Afalse%7D%2C%22manu%22%3A%7B%22value%22%3Afalse%7D%2C%22mf%22%3A%7B%22value%22%3Afalse%7D%2C%22hoa%22%3A%7B%22max%22%3A0%7D%2C%22lot%22%3A%7B%22min%22%3A10890%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A13%7D

>>30016360
So you are predicting a crash in the Fall still?

>>30004523
pareto principle. only the top 20% of income earners will be able to afford a home. the bottom 80% will be perpetual rentcucks. you think this is absurd but it's not. look at how people in europe live. they born and die as rentcucks, and only the top 20% can ever hope to afford a home.

>>30006934
show nose.
>calinigger
Yes, blame Californians and not the fact that we literally have foreigners spilling in here at massive rates. Our population would actually decline if we stopped immigration, but its predicted to double by 2100 because kikes havent had enough cheap labor.

Honestly most whites here in California are way more based than whites in states like Texas. We have real whites not nigger lovers like youll find these days in "red" states.

>>30015952
Chinese, bill gates, elon.

>>30008283
There's literally 4000 houses going up this year in my small electric companies territory. You're retarded.

>>30010639
Jewish media 101. Ever watched Borat? whole point is to shit on whites that live anywhere but the coastal cities. They love when money lusted goys shit on fellow goys for living in more human places.

>>30007521
Califags really are faggots

>>30004523
>Stocks are too high
>Real estate is too high

Where do you think all of that BBBRRRRRRR money floods into OP?

>>30005206
Will you be laughing during the next world recession when every sand nigger and chink is in a rush to sell and the only ones with capital are Europe and the US?

>>30004523
Tbh OP if you are a minimalist you could just invest money in stocks which will grow faster than reaal estate and less cheaper to maintain. Or you could buy real estate in another country which is cheaper and has less tax than the US. It's not the best investment other wise. Owning one could be stressful and expensive.

>>30007869
This is so inaccurate it hurts. Learn geography faggot, I think you have it mixed up. Idaho has mountains and nature and is a beautiful state. Iowa is cornfields, opiates, and large private owned farms. Plus its a flat shit hole. I would never live in flat land.

I'm in upstate NY. Prices here are inflated but still retard cheap relative to the rest of the cunt. I am talking LITERALLY 50+ acres for like $40k

Should I start buying?

>>30016282
Hi chang.

>>30009332
This is literally why we created the United States. We wanted land and there was none as it had all been bought up in Europe. We are going to have to lead another revolution someday to put land in the hands of the plebs again.

>>30008382
i think the most important thing to realize, which is why the math is typically always "wrong", and an example of which redpilled millions of redditards and normies, is that they own the game. which means they break the rules, bend them, selectively apply them, fucking create new ones if they have to. all to keep the house of cards propped up. i do however think that the fed has doomed us all.

Housing costs will be the reason I inevitably kill myself

>>30013371
Are you sure? maybe relative to Europoor's wages, but in general its cheaper. I was looking at rent in Southern Italy and its dirt cheap. Its also cheap as hell all over southern Europe in general.

>>30004523
I really hate the housing market. In my area, shit shack 2 bedroom ranch style Boomer homes are selling for 350k minimum. If you want a house that doesn't look like shit, the minimum is 450k.

>>30017867
lad, the dream of buying a 2000 sq ft 2 car garage home in your 20s in a good neighborhood isn't just dead, it's totally decomposed

your only hope is 10xing some volatile asset or roping

I'm trying to find a piece of shit in a decent area to fix up and live in. At least it's tangible instead of staring at a number on a screen.

>>30017781
>Southern Italy
it's very rural for the most part.
>muh southern europe
Rome, Madrid et surprisingly even Lisbon aren't cheap. Paris and London are very expensive, more than most US cities except perhaps LA and NY. and you don't get good value for your buck, they only offer tiny apartments.

>>30017966
I’ve literally already done this and know a bunch of people my age who have done the same

>>30017867
this is gonna compound from bad to worse this year and in the near future due to the FED's printer. 40% of USD in circulation was printed last year, if you were trying to """save""" for a downpayment your savings have lost 40% of their value.

>>30017966
That's pretty much my only hope. I make enough that I can be house poor on a million dollar house but considering that housing is so inflated, fuck that.
I've made 100k on crypto. The goal is to earn a house and retirement.

>>30008082
>le foreboding prediction

Why is biz full of these retards

>>30007521
Yeah living in a shack to be around niggers sounds amazing. I live in a rural area and am within a day trip range of several major cities. If I want to go to a sporting event, concert, museum, whatever, I can do it. Then I fucking go home to my comfy private land with trees and open spaces. I lived in the NYC metro for a few years, it is absolutely not worth the massively higher CoL. Plus I enjoy outdoors activities in general, which you literally can't do as a cityfag.

>>30006396
He said "a few thousand years".

Won’t property have a ceiling based off of affordability for the majority of the population to live? What’s the point in owning if you can’t rent it out cause the population can’t afford it?

Never zoom out on the realesate graph.

Infinite non white to immigrate and money to print you only way out is crypto because that's even harder to get a hold of than real estate.

We are going back to the most of human history where the few at the top had all the reaslestate and rest own nothing.

that recent history was an aberration.

We are into NEO.slavery 2.0 now where FIAT = your new chains.

>>30019309
you can extract all usable labour and gibs given to the population as rent.

Ask yourself when the government will stop bringing new people in. That's your answer.

I just won a big against 10 others on a really nice house. I offered 20% over listing, and the boomers can live there for 2 months after closing. Pretty fucking absurd, I probably overpaid a bit but I've been living in my moms home for way too long.
Also need to cook the boomers breakfast in bed twice a month.

>>30019848
Damn do you have to give the old man a reach-around too?

>>30019671
Lol then just make them stop then

>>30007411
Fellow Boise Bro. Noice

>>30019907
Yeah you do actually. One rimming by the end of closing. House was 645k I offered 777,777 for the memes

>>30019848
I am slowly recycling, tossing or donating large amount of items so that I can move 95% of what is left to a storage unit.
Sell the house 10k under zillow price with as is clause. Let the bidding war begin. First to offer easiest cash and everything signed and done will result in me moving out that day.

>>30006492
yep this

the denyers were say 20% correction or crash, if it was going to crash it would have been when the mass immigration stopped due to covid, everyone lost their job and economy screeched to a halt.

Perfect market crash.

Rather the gov ensured a market pump by zero interest.

at this point the houseing market will never crash.

However the apartment market is interesting,

It might be a good time to get in as they have kinda crashed in the CBD, and it may be that once priced out houses that will be the next market to appreciate massively.

>>30008230
>politician
fraudci is another unelected lifer who can't be gotten rid of

>>30009134
lumber prices are 2x and growing. similar for other building materials.

>>30005184
>Is real estate the crypto of hard assets?
you figured it out

>>30004523

When supply rises or the government starts making poverty towers/underground complexes for affordable housing

>>30020211
So you are going to live in the storage unit?

>>30008575
>at least he wasn't the generic spineless bureaucrat that most politicians are
Wasn't he a draft dodger?

THE NONWEALTHY WILL BE FOREVER PRICED OUT THIS IS THE END

>>30016455
It's not in the interest of those with money

$90,000 for a patch of raw land in socal are you fucking kidding me ALL I WANT TO DO IS PARK A TRAVEL TRAILER ON IT AND CHILL REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>30021207
Of course not, got a place to crash for a week while I figure out my full finances.

>>30004523
>When

No time soon. Biden will be replaced soon with Kamala who will fuel years of violent Chimp Outs. The White Flight from cities is only just begun.

>>30021490
So then what's the plan? Buy another place or rent?

>>30005206
Will you be laughing when the revolution starts and the lynch mob guillotines you in the streets?

>>30004752
came here to say this. the money printer is fucking overheating from running nonstop. people still looking at everything else like its a bubble....
if land isn't a safe haven in this new paradigm, I don't know what tf fuck is.

>>30004523
Never.
The banks can afford to hold repos on their balance sheet forever due to 0% government loans.
The big question is when will ((they)) start to tell us 50year loans are normal.

>>30014209
I'm buying in the sticks, the cuckburbs are a dead meme.

>>30021644
Rent until proper housing market crash. Then I move in on some deals in the rural area. Maybe homestead.

>>30021719
I would be laughing, because wouldn't a lynch mob be lynching? Or is it a guillotine mob?

>>30004523
It won’t, instead the prices of everything else will go up. The money printer has been going brrrrrr and it will soon be time to pay the piper.

>>30021719
This is America.
My president is old and my lambo is blue.
Come to my house and I'll put a .38 thru you.

>>30022163
Hope you like eating 5.56 rounds when the bandits come around

>>30021290
He was indeed anon, you're replying to a faggot

>>30006934
a couple things will happen
>forclosures will resume
>rate will go up

they're going to have to raise rates to prevent inflation because with USD as a global reserve currency, they can't to anything to risk losing that status. when they finally start to unwind everything to prevent inflation, all markets will suffer and people will not be able to get these easy credit loans enabling them to buy overpriced houses, and there will be suddenly no buyers except cash buyers

>>30004523
US real estate is exposed to the whole world, it's never coming down and it's still the best investment out of almost anything

>>30021473
likely not allowed to do that with a lot of land has min Sq foot conditions

>>30007723

>>30006270
lmao i'm about to buy a 1br condo in dc for $500k

>>30021829
This right here. Sadly shit will never pop. The housing market is THE crowning jewel for the kikes and there is no way in hell you're ever winning against them in that arena.
You either buy at inflated shit prices now with 2.25% rate and just suck the dick, or... BEST CASE if we get another 2008 cause of the moratorium expiration, banks will let some housing prices down ~10% max just to incentivize goys to buy, BUT the rates will be 5% or more at that time to counteract it.

You are witnessing in real-time the point where the line is drawn and the very last part of the very last generation (older millennials) to ever be able to own a house is set.

>>30021810
so why aren't the lots i'm looking at pumping?
>>30016759
>>30011063

>>30022752
fify

>>30006270
>>30022842
we're shopping for ((($800,000+ "starter homes"))) in Northern VA right now.
It's fucking nightmarish. Every single property you have to fight 30+ chinks, arabs, and indians who somehow have the cash to make like $50K earnest offers -- and literally everything is sold within 2-3 days of listing.
My only consolation is this ricidulous like $500/sqft I'm paying will be worth 20% more in less than 5 years at which point I can sell it as-is to one of 50 chinks bidding on it.

>>30022420
So when will the peak be? I need to know when I should sell by

>>30004523
Buy now, buy later. Get 2 houses. Flip them for Jigstack at launch, buy 5 houses. Start a noise band.

>>30023176
impossible to know, probably when risk of inflation is the greatest, i have no idea

Man, you own 3k USD, it would be nice for you to pour everything into one coin, and not be fooled minor stuff

> Take into account to this shillers on / biz / and get fuckcoin
> lose everything in a moment

And now way to make a real PROFIT:
> buy GSX and hold
10x is available soon. EZ!

>>30021829
Would 50 year loans change rent prices? I feel like at that point owning a house just seems like a bad investment

>>30023135
No thought to rent?
Any possibility your/both your jobs will allow you to work totally remote?
I am concerned about cities generally, including DC, property values dropped if more people can work remote and/or come in 1-3 days per week.
I would not be buying in SFO or NYC but think DC will be a little less impacted based on some research from Green Street Advisors

>>30017241
>>30021719
Lol lmao yes I definitely will

>>30008283
you're also forgetting the insane property taxes attached to a $300k house in upstate NY.

In that price range, you're paying $5k for county and $5k for school, for a total of $10k-$11k on average for homes in that price range.

Who's making that much money in upstate ny is beyond me to be paying rent prices just for property and school taxes.

I say reassess homes in the $300k+ range and increase their property taxes by 50% flat for foreign owned property, and 25% more for current owners. Use those tax dollars to build more homes.

Bill Gates is buying up all the land and rural farms at insane prices.

>>30016759
Well that's not a great sign honestly. But dig deeper there might be a reason. Is there any development or growth in prices in the general area?

>>30024197
syracuse fag here, this guy gets it
you can buy a literal mansion here for 350 but you're paying a retarded amount in taxes until the day you sell or die

>>30023888
Renting is our fallback option, but I'm tired of fucking renting and not owning anything, and there's not going to be a better time than now to buy I guess.
One of us has a government job that requires being up there, but it's high-paying shit so we'll be fine.
I'm just not thrilled about having to get pre-approved for literally a million fucking dollars and NOT be buying a mansion

>>30021290
>implying that was a bad thing

>>30007957
Mhm, just did the same in the UK. Town is something like 95% white and like travelling back in time, house is more than 100% bigger inside and out and cost £200k less leaving me mortgage free with a decent lump sum in the bank.

Fuck cities.

>>30024340
Well I found this
>>30013755

>>30024365
Try to have your bitch get a job where she only has to go in every other week and just live way out west in like eastern WV and commute

>>30024365
gotcha. I am kind of indifferent renting vs buying but figure I'm worried about inflation so rather borrow at these rates and rent out condo later if need be.
i'm trying to move to Asia ASAP so realistically 1-2 years so I often wonder if it makes sense to buy a home at all. only looking at places that can be rented out without restrictions (no Co-op) which are pretty common in DC.
How much are you putting down? ima do the least possible to still get conventional loan (no FHA) so 3-5%. In DC conventional limit is higher, like $800k before you have to go jumbo.
Reading about real estate conditions across the USA and looking at commodity prices in USD makes me wonder if we are experiencing the true "crack up boom" of Mises.
https://mises.org/library/hyperinflation-money-demand-and-crack-boom

>>30022358
>being drafted to fight wars for Jewish profit.
Ngmi.

>>30024269
I should have listened to all the oldfags in the 90s who said he sucks.

>>30024655
VA loan. It's the only way we're able to afford literally anything up there.

>>30012952
I've only ever been robbed in conservative-run cities backed by conservative-run states that have done fuck-all for me because they can't feed their poor so they have to steal my shit to do more drugs or whatever.

>>30016282
Yes. There's a reason they're desperate to flee. They have the same issues soviet russia had. Lots of growth and STILL no one fucking wants them or their stupid shit. the US takes their cut and leaves you the fuck alone as long as you don't rock the boat. China can't do that, has to be Stronk because people made fun of it before. Doesn't matter how badly you bitch about it, it's true.

>>30007411
Idaho fucking sucks and you're only making it worse by LARPing in the few nice places it has.

>>30017322
Only if you plan to rent to NYC trust fund kids looking for a nice summer/winter rental. You can make bank making getaway houses with good luxuries like internet and shit.

>>30024849
best of all worlds. nice
i take solace in the idea that capital of all declining empires became increasingly wealthy as the broader nation deteriorated
hopefully a bit longer on that train to run
good luck to you

>>30025100
>internet
>luxury
anon i...

>>30004523
not until the nukes wipe it all clean.

>>30006441
BASED pirate chad

>>30022842
oh no no no no

>>30025328
why bad?

>>30004752
yep. This is why you are seeing all the good press about Zillow’s new “cash offer” feature. This is why Bill Gates bought up a shitload of acreage.

I finally saved around 50k cash to buy a shithole house in the woods and make it my own. Now i have this crazy chink landlord threatening to break onto my apartment when im not home let my cats out, and i told her im not paying her anymore cuz there's an eviction freeze and she raised my rent 20% to try and kick me out which is landlord's retaliation. Also she had the guy downstairs spying on me. She thinks she can sue me cuz "you descriminate us and you have guns so i will bring police to your house they are watching you for drugs!" and she has recordings from the previous tenant downstairs of me saying god knows what but im pretty sure she can't sue me for calling her a commie chink bitch and saying im not paying her another dime because this is America and i have freedom of speech. Fuck this is annoying i can't even leave to look at houses without fearing for my cats lives. Im afraid she might eat them and they're my only friends

>>30007521
>nobody willingly chooses to live in places like these. people end up there after getting priced out of the coast.

>>30025848
sorry to hear friend. best to gtfo there asap
hurry and buy before she puts a mark / collections on your credit

>>30022842
>>30025616
Do not buy a condo in DC. The fees will murder you and it will be a pure bitch to sell later on down the line. I would rather take that $500k and buy a house east of the river because at least you get a fucking yard and multiple bedrooms.

>>30025848
just bring your cats in the car when you leave

>>30005854
Half the population will be wiped out before that. Unless you think COVID-19 was the last COVID

Never. Just bought a house for 675k 50% down with rich girlfriend. We had 15 fucking competing offers and we won because we didnt have a house to sell

>>30026222
Um, guys? Checked. We are fucked.

>>30009332
Joke's on you faggot, I bought a house last week

my only question is who the FUCK is buying all of these fucking homes EVERYWHERE for 15-30% above asking?

>>30021290
>>30022358
Fuck off, my mildly positive statement wasn't an endorsement of everything the guys ever done. He didn't speak and behave like a typical bureaucrat which I found refreshing.

Also I'm not a fag who needs to inject npc partisan politics into everything. I can like or respect things about people I completely disagree with and despise because I'm not a child.

>>30004523

Just work and get one house, why you digital natives always want something gifted?
You have to earn it before

When all the eviction and foreclosure protections from our NEET savior with dementia expire. It will be glorious, niggers and faggots will roam the streets like zombies in the walking dead

>>30004523
Lumber at ATH, copper at ATH, $15 min wage around the corner. You really think the price to construct new homes is going to go down and not up? Bunch of retards.

So I got lucky at 25 last year. Boomer dad sold me his rental under market value and covering the down payment. 400k house which the loan I have is for 220k.

Mortgage is 1250 and I round to 1400 as a curtailment. 2 friends paying rent at 750 a piece.

My question is if I should stop doing the extra 150 curtailment and invest that in the market instead. It would save me 25k over the course of the loan to keep paying extra

>>30004523
>house down the street sells for $550k at start of 2020
>now for sale again at $660k with literally no renovations or work down
the government is made up of boomers, they're never going to sell out other boomers.

>>30004523
It all depends on rates going up, if they keep going up no poorfags will be able to afford to buy so the market will start to go down in value

>>30016455
THIS. We should not allow foreigners to buy our land. Chinese are displacing American citizens by being allowed to buy property. It is treasonous to allow them to own property here.

>>30004523
When you buy anon
The second you buy, the second the entire market crashes

>>30027708
How many years can boomers stay on life support?

40% of real estate is owned by foreigners, most of the rest by financial instutions and "investment" properties, I'm not commie faggot, but there was a time when the chinese killed every single land owner in the country

look at the housing market like a shitcoin
all the people that want you to think it will only go up got stuck with someone elses bag and wont admit they got tricked

you cant want the current jewish financial system to fall apart AND your property to stay at its "value"

>>30004523
it's not going to. real estate cannot hide from inflation. real estate is in constant increasing demand. real estate is of fixed and/or slowly increasing supply in areas of high demand. those things combine to mean prices go up, fren.

>>30007411
Im so glad I wasn't born poor.
Id rather deal with the faggots than white trash and endless miles of farmland.
I like being with people so a place like this would be terrible and if I'm moving to Idaho I do not want house spacing like California I would want at least like 50 acres so I can have a small ranch

>>30027771
infinitely if it means they can continue to fuck with us

>>30005184
No. I can't realistically see my ??? XMR going down 90%

june 1 i believe, i think may 31 is when the moratorium expires. i know it's either may 31 or june 30, one of those. then of course, add two months for the market to catch up with court delays and paperwork and whanot

>>30023054
kek

the thing that really needs to be understood is real property is entirely based on localities. as a vegasfag, i know we're fucked with unemployment (highest in nation for cities, above detroit!) and labor participation rate (people have just given up looking for jobs, so they're no longer "unemployed"), plus we have almost the exact same number of mortgages in default as 2009-2012.

i doubt similar scenarios exist in like des moine or lynchburg, but i dont really care about other places right now. if you know your town is hurting, it's gonna get worse before better. if you haven't really noticed much change in your area, well, it likely won't crash.

>>30012047
Unironically this. We have so many people worldwide who are trying to move to the States and are paying any price even if it means they are broke in the end. The US is just that much better

>>30028980
We're in decline. They want to get on a sinking ship?

>>30028531
pay your taxes, white boy.

>>30017609
actually the united states was created by a wealthy trading-class that was mad britain raised taxes on the rich (them) lol.

>>30027106
Chinese fleeing the Bay Area. A Chinese woman sold her $3m condo and bought my parents' decently sized good-neighborhood house in Phoenix for $600k, along with four other homes.

>>30028652
this is why i'm strongly considering selling in june

>>30029653
we should have been seeing evictions and foreclosures by now, but fuckin biden extended this shit from march to like may or june now. this bottling up is ridiculous.

>>30030033
what do you think about all this "new paradigm" shit people are talking about? seems dumb to me. i think there will be another crash it's just a matter of when

>>30030089
the simply fact is this: there are less people available to buy houses than previously, there's less savings, less jobs, less income. there absolutely will be a housing market crash, however just as 2008, certain areas will be devastated and certain areas will barely react.

>>30009688
>yall
Fucking cringe

>>30004523
It isn't even close to reality yet. These prices aren't high. Real estate is the ultimate gold/BTC. Overpopulation, and a few other factors... only will go up moar.

Should I buy in NYC? High taxes and hoa fees, but fuck do I hate rent. If you walk around nice areas there are a TON of young families with babies. That is a healthy sign that this city is not fucked like the doomers say it is but I’m still not convinced.

>>30030202
then why are there so many buyers right now? it can't all be because of the moratoriums. a lot of it is also people fleeing the coasts. which areas do you think will be most affected?

>>30004523
The prices will rise until people can't pay the property tax.

>>30030490
>so many buyers right now
proof? here i was seeing that the number of real estate agents has plummeted over the past year and the sale of previously-owned homes has dropped by more than 50%. there's not an excessive amount of buyers, it's that there are fewer homes for sale than previously.

>>30020110
bro if ur still here lets hang out

>>30004523

Listen folks as a landlord myself we are all people just like you. We all have financial struggles just like you. If you stay in our properties and you don’t pay rent or don’t leave where is the magic money stimulus that’s going to allow me to pay for your water, taxes, mortgage and upkeep? The profit margins on landlording can be almost nothing on high cost of living areas. So where do you propose we get the money to upkeep the house you live in? We can’t do our part of you don’t do yours. If you are impacted by covid we will work with you and help you get caught up. If you take advantage of covid and decide to not pay that’s a whole different animal. Be an honorable person, Times are tough and they are going to get tougher. Do what’s right, if you can’t pay to move in with a friend or family and do the right thing. Else you just might end up in a rundown bank owned property someday in the future and evicted anyways. The result will be the same, the only difference will be how long it takes to get there and who else you negatively impact other thank yourself. It might just be the whole building and all the other tenants who live there. Landlords aren’t the enemy we are trying to run a business. We want you to be happy and enjoy living in our properties. What people are doing is wrong just like walking into the apple store and demanding the newest iPhone and if they say no you take it anyways. It’s stealing, it’s dishonorable and is not moving yourself or anywhere forward in this world. Think to yourself what is the right thing to do if you made a commitment to pay someone for a service or product.

>>30031315
get a job faggot

>>30031315
Literally just don't invest in residentials you leech. Whole different animal investing in property for business.

>>30029148
You be surprised how many people bought into the Hollywood meme.
There are people today even in Straya & Yurop that unironically believe that America today is the same dudebro sunshine & rainbows America they'd seen in the 80s/90s/00s movies.

>>30031315
>a literal gatekeeper begging the people he's keeping out for compassion so he can keep the gates shut

>>30031453
Bagholders of the American dream.

>>30007869
sounds like something a cuck from iowa would say

>>30031453
it is. its called have money smoke weed and live in the big city

>>30025895
> all those shitholes surrounding Colorado
Fuck off were full.

>>30030490
I live in the cheapest part of Portland that is still Portland. The home prices just keep going up and people keep buying the houses. Some people from Washington just move in down the street and paid above asking price which was already about 50k too expensive.

>>30032304
>literally working on a syndication deal in Vancouver
>get deal closed and begin work on rehabbing 10 door building
>New siding, roof, and paint
>Chink company approaches us about selling for 35% above purchase price 2 months after signing.
>TFW
At the market rate for the area the building is in they are getting sub 4%

>>30032304
>>30032536
zillow estimate for my place is 230k. should i list it at like 300k and just see if it works? can't hurt right?

>>30005355
>When friends and family stopped helping each other out
So never ever.

>>30032562
How big is your loan?
How old is the building?
what kind of unit is it?
for 230k I am assuming like 1b1b.

>>30004523
Why chase a pump and dump ponzi scam when you're better off moving to a decent country?

>>30032811
Because we are faggots that like screwing over others like how others screw over us.
Any sense of morality have been beaten out of us after school and college life.

>>30032896
>decent country
What country would you suggest anon?

>>30032735
I bought for 191k in 2019, now zillow says 230k estimate
2004
condo
1b1b

>>30032735
>>30033042
oh and i still owe 130k

>>30033065
Can you find a comparable place in an area you want to live for 170k? Selling and wiping away your debt sounds like a good deal, but if it means you have to take on more debt to get another place, it might not be.

>>30033065
>>30033042
Ehh, hold it, not enough equity to really get out far ahead right now where would you buy.
It could probably easily go for at least 1000 a month as long as it is not having a murder every night.
If you want to move find a place to live cheaper than your apartment have it pay for itself and build equity.

>>30033134
I would probably just rent somewhere cheap. I'm planning to leave this city in 2 years anyway so if the market crashed before then i'd either have to take a loss or be stuck with it and rent it out. plus i'd rather have the equity liquefied for other investments

>>30008230
Pretty sure Fauci isn't a politician. He's an infectious disease specialist.

>>30032935
Any country that offers a citizenship by investment program and doesn't fuck you over with taxes.

>>30033218
If you're planning on leaving in two years, now isn't a bad time to sell. Just remember that absolutely everything is overpriced at the moment, not just housing. Be careful if you're planning on reinvesting.

>>30033134
>wiping debt
Unless you are planning on retiring in the next decade debt is great, Especially at current interest rates.
Did a cash out refi on my "main residence"( quadplex), pulled out 350k and am getting 10% cash on cash . interest is 3.1
Debt is your friend as long as you manage it. I try to keep all my buildings 40/60 LTV.

>>30029148
California is one of the best states if you are poor right now. To them its a ship sinking while docked and all they have to do is step onto the harbor

>>30029267
>paying taxes
>being white in Commiefornia
I can't wait until we take the whole state back from the US gringo

>>30033329
> any country
LOL, most citizenship via investment is a straight up scam as they want you investing in gov back stuff with a low yield.
Also USA is shit, but at least this pile of shit will still exist in 30 years.

>>30033355
>Be careful if you're planning on reinvesting.
Do you include stocks and crypto in this? I've been buying crypto, hope i'm not fucking up.

>>30007521
>>30007723
Ahh simply based my Cali brother. These uncultured swine play in the mud and walk bare foot. Disgusting fucking degenerates. They don’t understand the Cali vibe, the purple/orange sunset that blesses our eyes, the nice calm weather we have, the strengthening lung power we get from the fires, but most of all. The delicious art hoes and northern ca trade women we have. Everyone secretly wants to be us. Also, remember, Fuck Flyover fags.

Ps God loves us more because he doesn’t bring down tornados or hurricanes or killer snow blizzards.
Inb4 San Francisco earthquakes
Lmao, those individuals only temp the lord, but God loves them too much to actually do damage. Stay mad, faggots.

>>30033549
>the strengthening lung power we get from the fires
your post was really gay but this line was good

>>30031315
Didn’t read.
You know damn well why you’re trying to ask for compassion, when the collapse begins they’re coming for you first.
I have to pay 1 5 0 0 a month to live in my shithole apartment.
I’m no commie but if they ever come for you niggas in Minecraft, landlords are going to be in the PVP enabled zone.
>1 5 0 0

Hey anon have you checked $MCM aka Mochimo.org I am seeing it and thinking of getting in looks like the right time.

it's so fucking hard to find a home with a decent place to live that actually has stuff to do
all i want is no state income tax, warm weather, 20-30 minutes from a city with stuff to do, and not to be wading through a sea of minorities

>>30033479
>crypto when btc is above 20k
Yeah you've been fucking up, depending on where your DCA is. Bitcoin will definitely be lower than current prices in a year or two and nobody can time the tops.

Most stocks are extremely overpriced. Some value stocks are still cheap, and if bond yields get forced back down by the Fed there'll probably be some more cheapies. Just don't buy memestocks and crypto at this point. It's a very long way down. I'd invest about 60-70% and keep the rest in cash. Only by dividend paying stocks, and only ones which produce tangible products. Look for oil, metals, agriculture, etc. When a dip comes (it will) then spend some more of your fiat. Always be saving and on the lookout for discounts due to short term news.

Crypto will be a good buy in a few years, but not now. Most of the shitcoins in the top 200 are worth 0, and regardless of what NBC tells you, the price of bitcoin won't go up alongside consumer inflation. People will sell and secure their gains in real purchasing power while it still exists.

>>30033381
Wiping away debt is a good thing and being overleveraged at this point is extremely dangerous. The entire market is overleveraged and the bond market just proved interest rates can snap back to 5% in a month if investors see more signs of inflation. The risks of being on margin right now are much higher than most realize.

>>30033549
>Ps God loves us more because he doesn’t bring down tornados or hurricanes or killer snow blizzards.
he says as his state burned down last summer

>>30004523
>Realestate prices drop when?
When they raise interest rates.

>>30006492
>Then prices went up during a pandemic
Depends. This shit is going to come down after job keeper ends..provided that occurs before general border opening we should see downturn. It is currently up because supply is so low

>>30033666
>bond market
Nigga we're talkin real estate.
Lock in low interest rates on your property while you can, don't over leverage, that is true, but if your above 50% ownership on a rental property you are fine,
Especially if you have tenants, I just signed a 3 year contract on one of my units above market rate.

>>30004752
nah just wait till nigs stop nogging
or this>>30005078

>>30033666
Based digits, bless you satan.
>Yeah you've been fucking up, depending on where your DCA is. Bitcoin will definitely be lower than current prices in a year or two and nobody can time the tops.
Yeah I've just got like 12k worth of crypto, mostly LINK, BTC, ALGO in that order. Bought over the last couple months. Should I just stop buying and hold what I have?

>Only by dividend paying stocks, and only ones which produce tangible products. Look for oil, metals, agriculture, etc.
Thanks, this sounds good. I was thinking CocaCola and ExxonMobile, and maybe some of the airlines while they are still down.

>When a dip comes (it will) then spend some more of your fiat. Always be saving and on the lookout for discounts due to short term news.
Will do.

>Crypto will be a good buy in a few years, but not now. Most of the shitcoins in the top 200 are worth 0, and regardless of what NBC tells you, the price of bitcoin won't go up alongside consumer inflation. People will sell and secure their gains in real purchasing power while it still exists.
Ah ok I guess I should stop buying. I just FOMO'd in hard this year.

>>30005184
No. You’re just a fucking idiot

>>30033451
LOL all you want, fact is almost nobody wants to deal with americans anymore.

>>30005206
You should be crying. Sell now or be underwater in 6 months. We bought our home in 2016 for $295k. sold last year for $409k. That’s a ~30% increase after 5 years. Really solid and not expected. That same house has gone up even more. Not good for the new owner

>>30005342
>Chinese investment firms will buy them sight unseen for cash.

This is not based in reality

>>30006441
You can’t do shit with that 20% tho faggot. Sell now and you get hit with cap gains and other taxes. Wait and you’ll be under water. Sure go ahead and refi. That’s the only way you get that 20%. But then you own them more for it. You’re an absolute fucking idiot

>>30006934
It’s low interest rates dude. That’s it

>>30033829
The bond market is the only market that matters for real estate. Even if you have cheap repayments, not everyong is locked in on their rates, and it's the value of OTHER people's houses that determines the price of yours. Locking in 3% rates on an $800k house isn't better than 6% rates on the exact same $400k house when the market collapses from other people being overleveraged (everyone is) and forced to sell. This deal gets even better if you have a lot of the purchase price and don't have to take out a huge loan to pay large rates on.

>>30033883
>LINK and ALGO
Absolute garbage which you should sell when you're in a profit. BTC is good but like I said, it will probably go up from here but will definitely go lower than current prices in the future. BTC and ETH, along with one or two extremely niche alts, are the only ones with real value. Even if you don't want to sell your alts, don't buy more.
Your stock picks sound fine but be more diversified. Metals, agriculture, industrials. People still need things when everything goes to shit. Find companies with low amounts of debt, decent dividend yields which pay every year, and companies which most importantly, sound really fucking boring. You want boomer management, people who are too risk-averse to take on leverage, and solid fundamentals.

>>30008283
>Costs damn near 100k+ just to build a house, and then 50k for the land

You’re delusional dude. Those are rookie numbers.

>>30008894
>My family actually run a construction company. Last two homes they built they just barely broke even on.

Ok well they sound like shitty businessmen

>>30009124
Hes a fucking idiot dude. And so are you for believing him.

>>30004523
The number of dollars is irrelevant if the purchasing power is the same or declines. My house is worth more, but if i sold my house i could only buy houses in the same class as my house. I gained nothing.

>>30034118
>Absolute garbage which you should sell when you're in a profit. BTC is good but like I said, it will probably go up from here but will definitely go lower than current prices in the future. BTC and ETH, along with one or two extremely niche alts, are the only ones with real value. Even if you don't want to sell your alts, don't buy more.
Thanks, I think I'll just keep them but won't buy more. I guess I'm too new/dumb to know what I'm doing with crypto and bought into /biz/ hype or something. Can you tell me why LINK and ALGO are bad?

>Your stock picks sound fine but be more diversified. Metals, agriculture, industrials. People still need things when everything goes to shit. Find companies with low amounts of debt, decent dividend yields which pay every year, and companies which most importantly, sound really fucking boring. You want boomer management, people who are too risk-averse to take on leverage, and solid fundamentals.
Thanks man, will do. What about index funds, mutual funds, ETFs?

>>30034118
Holy fuck dude, there are certainly areas that are going to drop 50% but that is going to be far outside the norm. realistically we are looking at a ~25% drop, If you bought this year your fucked, but if you have a 30 year mortgage on a house that you have owned for 5 years get rates as low as possible and keep a stack of dry powder for when the drop does come.

>>30034460
Real drop (including taxes and fees) will more be like 80%.
Also see
>>30034287

>>30034288
LINK is a very successful memecoin. The idea behind it is fine, as in getting prices from multiple sources and averaging them out to get a new price, but the reality is this isn't a complicated idea and it isn't worth the $50-60 billion dollars that the fully circulating supply implies. Hundreds of other crypto services do this for free. LINK is the GME of /biz/ - if you can convince enough people to buy a memestock, you can get it very very high even though the fundamental business is almost worthless.

Index funds are great. Even warren buffet keeps like 10-20% of his net worth in them just in case he has a bad year. You should strongly consider doing the same. ETFs are good depending on what you're interested in. Maybe do 15% index funds and 5% ETFs depending on your interests, like tech stocks or PMs.

>>30034460
Rates at 2% would precipitate a 25% drop. I think rates are eventually going to go a lot higher than that. Even 5% would be a 40-50% drop. The mania in real estate is beginning to resemble Japan, and those houses are still 50% of their 1990 price, 30 years later. Real estate bubbles pop hard and 2008 wasn't a real crash. Regardless, in real terms, it will go at least 50% lower from here. Houses and stocks are overvalued on pretty much every historical metric available. Look at the 70s and 80s as an example of what you should be expecting if inflation picks up again.

>>30034566
>80%
Dude, stop doom scrolling, Go take a walk with your dog, We are not going to see a drop of 80% .
Even the great depression saw a real value decrease of 70% . Property is safer than just about any other market,(excepting if you are buying this year) as a store of value because even if home prices drop you still have a roof over your head.
We are not going to even approach a 50% drop in home prices, the markets on the other hand could very well face a drop exceeding 50%

>>30034609
What about ALGO?

>>30034749
I agree, it will certainly look like a drop of 25%. But real purchasing power will be crushed by taxes. You know, they always tax homeowners first ? Maybe you have to pay a "community fee" or a fee for being "privileged" for owning a home ? Or maybe you have to rent out at a certain price the government dictates ?