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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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24787509 No.24787509 [Reply] [Original]

>be me
>already own property, healthy portfolio balance
>but pandemic has me bored out of my mind, cannot travel
>attend open houses as an excuse to do some local travelling
>every open house is chock full of panic frenzied buyers
>they all give me and each other the stink eye
>i also act panicked, even though i absolutely have no skin in the game
>im also dressed up, looking legit, driving in my tesla s
>push potential home buyers to fomo and exacerbate the housing bubble even more
>this helps to increase my property value
>mfw

>> No.24787549

>>24787509
You should turn this into a business.

>> No.24787572

>>24787509
b-based?

>> No.24787827

>>24787549
It's fun, just for the lulz.

>> No.24787865

>tesla
kys

>> No.24787881

This is the larps I come on biz for.

>> No.24787902

>>24787509
larp. post mortgage.

>> No.24787915

>>24787881
Probably, but house hunting really is at that absurd level.

>> No.24788123
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24788123

>>24787865
I essentially get free "gas" since the electricity rate in Washington state is so low.

>>24787881
Not larping. You have no idea the rage looks I get from pajeets and pajeetas trying to move out of their apartments. Try it yourself this weekend, fire up Redfin and pick a few homes that interest you, it'll give you an excuse to get out of your house.

>>24787902
I live in the Seattle-metro area, bought last year with 4% interest but am in the process of refi down to 2.5%.

>>24787915
Yep, where do you live?

>> No.24788134

>>24788123
post mortgage or larp

>> No.24788242
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24788242

>>24788134
What difference does it make? You can still troll potential home buyers even if you don't have a mortgage yourself and it'll give you a feel for the market.

>> No.24788340
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24788340

>>24787509
based

>> No.24788426

>>24788123

This market is fucked anon. I'm in process of looking and honestly willing to pay up if I need to bc of good job and low rates, but other part of me wants to just be patient and let these frantic cali retards buy the top and wait for a pull back.

>> No.24788946
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24788946

>>24787509
>mfw this is a LARP conjured by some broke 20 year old
nice fantasy kiddo

>> No.24788978

>>24787509
kek well played

>> No.24789954

>>24788946
Even if you were a broke 20-year old, you could still play the game and get some experience in the process.

>> No.24790371

Are people still doing the virtual tours?

>> No.24790488

>>24788242
dumb larper

>> No.24790523
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24790523

>>24790371
You can request a virtual tour, but buyers are still showing up in person with their brokers. It seems they only allow a single group in at a time. The crowd is outside.

>> No.24790540

>>24790523
oh interesting
Do they let you in without an agent?

>> No.24790542

>>24790523
proof or larp

>> No.24790547
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24790547

>>24790488 (checked)
Face it, you're just jealous of me flexing. But the only reason why I flex in this situation is to make (((them))) FOMO even harder. It's part of the act, chill breh.

>> No.24790588
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24790588

>>24790547
>>24790523
>>24789954
>>24788242
>>24788123
>>24787827
Excellent LARP. 8/10.

>> No.24790595
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24790595

>>24790540
Yes, if it's an open house which means the seller's broker is present on-site during the posted hours, then you can proceed in without your own broker. If it's locked (i.e. not an open house, simply listed), then you'll need an agent to schedule a tour. Even then, I still see potential buyers on-site while the others wait outside yelling at their brokers.

>> No.24790597

be me at the start of the pandemic. see all the crazy ass panic buying at grocery stores, pet stores, gun stores etc.

go to wallgreen check out the scene for shits and giggles. about 50 women in there. the entire store smelled like pussy. not sure if fear makes women wet or something.

>> No.24790632

>>24787509
Fucking based

>> No.24790722
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24790722

>>24787915
I hear you brother. At least if you're from the Seattle area, I'm concerned with Beijing Biden getting in, the floodgates of Chinese money will coming pouring into the Seattle metro area and ruin it like they did with Vancouver. You need to think long and hard about a "pull back," there's plenty of renters that would scoop up a house if it came down to an "affordable" level, so realistically any "pull back" will most likely never materialize unless something catastrophic happens to our economy or to our nation.

>> No.24790767

>>24788123
How much are you expecting to pay for the refinance? I've got a 3 year old 4.5% mortgage that I should refinance now if I can get 3% or less.

>> No.24790774

>>24787509
I'd dump your house now.

I did, for Bitcoin, at $6K, and EPIC. Gains are about equal, but look into the ECR Q1 catalyst. gonna get wild.

Few understand these times, but they will be written about for decades to come.

https://www.reddit.com/r/epiccash/comments/jr53me/recent_talking_points_on_epicenterecr/

>> No.24790905
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24790905

>>24790767
Well there's two options. First option is pay $2,500 up front for the refinance fee and but a slightly higher interest rate (i.e. 2.65%). Second option is to include the fee into the mortgage itself but the interest rate will be lower at 2.5%. I've opted for the second option. You also need to keep in mind that the life on the mortgage will be reset to 30 years but I'm sure you already know that.

But yeah, I think it's good to refinance now. If you think about it, you paid for the price of the house during higher interest rates so it depressed the prices and now you get to refinance with a much lower interest rate. It makes a huge world of a difference. I would save about $200 off my monthly mortgage payments. Also, keep in mind that all the mortgage banks are flooded with applications due to the pandemic and such so applications will take twice as long (i.e. 60-days up from 30-days) so factor that into your equation.

>> No.24791180
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24791180

Kek what a fucking great idea.
I will start doing this too. Maybe take with me a bunch of military friends who will casually mention "muh VA loans" or whatever they get.

Any other ideas to fuel the FOMO?

>> No.24791316

>>24788426
it's not going down, bro.

fed printed trillions and handed it out to banks and financiers. credit is incredibly cheap right now. good debt for appreciating assets like property is literally the best available safe harbor investment for many investors who would otherwise have invested in bonds but don't see it as a decent hedge due to the low interest rates and significant potential for inflation.

>> No.24791935

>>24791316
By your argument, banks would also be rejecting MBS because of the low interest rates (also caused by the Fed binge-buying thru QE). But the data from pic shows banks buying more and more of both MBS and Bonds month after month. MBS prices are what drive the actual interest rates, but property prices are a result of nothing but FOMO
>banks buying property outright
can't do it as per OCC, National Bank Act, etc.
>financiers
not recipients of QE

>> No.24791951
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24791951

>>24787572
>Trolls normies
>Makes wagies ragie
>Profits
Hold on. Yeah, this is for you, OP.