This reddit board, where wagie rentcucks gaslight each other into thinking a housing crash is near

[Anonymous No.53256854]

https://old.reddit.com/r/REBubble/
It's basically a bunch of broke 30yo boomers and 20yo zoomers who can't afford houses, telling each other there's going to be a housing bubble burst Real Soon Now, not recognizing the irony of their obvious desperation for such a crash being a clear sign of massive pent-up demand, which prevents such a crash to begin with.
I've recently gone long housing REITs and trailer parks, since I'm convinced that housing (especially SFH) will be structurally affordable for decades to come. I don't like this, but I'd rather accept reality as it is and prepare accordingly than live in fantasy land.

[Anonymous No.53256905]

>>53256854
>REIT
concentrated risk, propped up entire by credit availability. you're going to get wrecked. housing will go down, just look at volume on existing home sales.

t. inherited my house, couldn't care less about what it's actually worth.

[Anonymous No.53256910]

>>53256854
>I've recently gone long housing REITs and trailer parks, since I'm convinced that housing (especially SFH) will be structurally affordable for decades to come. I don't like this, but I'd rather accept reality as it is and prepare accordingly than live in fantasy land.
ib4
>the prices are UNSUSTAINABLE and have to-
the occupancy rate of my REITs is north of 95%.
I don't care whether they can afford to buy or not; they have to live somewhere, and that means either buying or renting, and if they can't afford the former, than they'll have to do the latter.
Also the properties are in metros that are growing in population and income, which means wagies' increases in wages can be soaked up by increases in rents.

[Anonymous No.53256951]

>>53256905
>concentrated risk, propped up entire by credit availability. you're going to get wrecked. housing will go down, just look at volume on existing home sales.
I think interest rates have peaked, and will gradually decline.

[Anonymous No.53258603]

>>53256854
Last time I looked at reddit the top meme was about being in your 30’s, a virgin, and never tried alcohol or smoking.
They’re all losers

[Anonymous No.53258642]

>>53256905
Housing has been going down, in another year or two will be way passed all time highs
Real estate markets only crash once every 30 years on average
It’s much harder to crash the market every 10 years like the banks do to stocks
Real estate and other equities aren’t highly correlated
I know that’s hard for zoomers to understand because they grew up when a housing crash happened but you have to look at the charts

Also real estate is a mostly local market. Certain states and cities will continue going up even when the national average goes down

[Anonymous No.53258649]

>>53256854
Housing prices has been the one topic that voters from all over the spectrum have been screaming at their Congressmen to do something about.
I'd expect that institutional investors are going to be severely restricted from buying single family homes in the near future.
But I hope that works for you, OP.

[Anonymous No.53258691]

>>53256951
>I think interest rates have peaked, and will gradually decline.

[Anonymous No.53258700]

>>53258642
The issue is that housing prices are going up and up while wages aren't. Seems to me theres a saturation point where you simply can't afford a house.

[Anonymous No.53258710]

>>53258642
this is FOMO/ATH buyer cope

[Anonymous No.53258784]

>>53256854
Nigger, that sub is constantly brigaded by the rest of reddit, and now that housing is actually coming down, salty ass realtor fags and hoomers like you comment on every post saying the exact same shit you put in your OP. So by inversing reddit you would have once again called the top because that sub was ultra confident until prices started coming down and now every other post is wow brio its such an echo chamber in here. Now go back ro r/realestate you trailer flipping nigger.

[Anonymous No.53258839]

>>53258642
>Also real estate is a mostly local market

Yes so why say all that other shit that just contradicts you.

[Anonymous No.53258865]

>>53258649
>I'd expect that institutional investors are going to be severely restricted from buying single family homes in the near future.
>But I hope that works for you, OP.
That's legitimately the only headwind I see: laws restricting large corporate landlords or taxing them (especially in ways that can't just be passed on to rentcucks, like pairing it with rent control).
But as far as an actual housing crash, I'm honestly not concerned.
Maybe the wagie rentcucks are right, but I doubt it.

[Anonymous No.53258882]

Eventually enough of the Boomers will get old and sick and will have no option but to sell. That puts the real housing crash around 2030 to 2040.

[Anonymous No.53258897]

>>53258642
>Real estate markets only crash once every 30 years on average

on average? Bro what's your sample size, 2?

[Anonymous No.53258960]

>>53258642
it's an illiquid market that's slow to react. look at the "crash" of 2008, it took about 2 years to bottom out from a nationwide perspective. volume is down considerably, prices will continue to go down. (national association of realtors has a better graphic, i'm too lazy to find it.)

[Anonymous No.53258976]

>>53258700
>The issue is that housing prices are going up and up while wages aren't. Seems to me theres a saturation point where you simply can't afford a house.
Yeah, in which case they have to rent, and my investments prosper.
Also these firms target metros with wage (and population) growth, which they can soak up through higher rents, meaning increased revenue even if they can't (or don't want) to acquire more properties.

[Anonymous No.53258987]

>buying real estate
lmao, its not mobile, its not liquid, you wont find anybody to buy it off you, the only thing its good for are kike schemes and having a roof above your head in old age but at that point you might as well just invest in stocks and use those assets in your old age.

[Anonymous No.53259003]

>>53258976
rent growth is stalling or even declining in certain areas.

[Anonymous No.53259068]

House prices are already down 20-30% where I live and rents are dropping as well, because Boomers who can't sell their houses or won't accept current market value put them on the rental market to "wait for the market to recover". This pushes down rental yields making property an even worse investment which pushes down house prices even further. It's a downward spiral from here and anybody who bought the top has committed financial suicide.

[Anonymous No.53259114]

>>53258976
you're a dumb bitch trying to get reassurance on your investments, since your original post was about reddit, why not try fucking off to there?

[Anonymous No.53259250]

>>53258987
I've been telling anyone who will listen that a house is not an investment, but it is a lifestyle choice. Imagine I was your stock broker and I approached you with the following investment idea:
>massively expensive, will end up representing approx 50% of your net worth
>tied to a single zip code
>actually a single street in that zip code
>you will likely live on this street for a minimum of 5, 10, or 20 years
>this will affect what jobs are available to you, who you can date, your recreational activities, and your income taxes
>highly illiquid
>you are 100% liable for any accidents or mishaps that involve this asset
>you are 100% responsible for the maintenance of the asset
>natural disasters such as flood, fire, and hurricane could eliminate the entire investment, so you'll need to pay a monthly fee to insure a portion of it
>your insurance company may still deny your claim or drop you at any time for any reason
>depending on the zip code this asset could be highly regulated
>the government can confiscate it at any time and build a highway on top of it
>you may not even have full rights to the profits if you sell if you're asset is managed by an HOA

[Anonymous No.53259777]

>>53256854

[Anonymous No.53260020]

>>53258987
This.

I’m a real estate fag, it’s how I made my money.
The truth is there are other things that will crash before property will, a currency crash for example, which will in turn make real estate a sitting duck for governments to target in desperation.
Zoomers need to realise real estate won’t crash because it is indirectly one of the biggest employment generators after government itself, and governments themselves will do everything it takes to make sure crashes in real estate values do not happen, because they in a sense use it as a piggy bank.

[Anonymous No.53260617]

> New York State Joins the YIMBY Fray As Governor Kathy Hochul pledges to ramp up housing production statewide
> Mayor Eric Adams plans a homebuilding spree in NYC.
> Pro-housing advocates are exulting.
They are beyond saving. Who the fuck are these "people". yass Bernie Sanders is going to save us and give us free houses 15 dollars minium wage and sheit if we tax the rich (middle class)

[Anonymous No.53260792]

>>53260020
>Zoomers need to realise real estate won’t crash

Ironic for you to say "zoomer" when you're clearly too young to remember 2008

[Anonymous No.53261001]

>>53260792
He is unironically correct about other things crashing first, currency or shares for example.

[Anonymous No.53261341]

>>53259114
>get reassurance on your investments
No, I'm quite comfy with my investments.
I just think it's pathetic that those people are deluding themselves instead of taking proactive measures, like settling and buying something in some place cheaper and less desirable, or buying something smaller, besides just coping with wishful thinking.
At least I'm positioning myself to ensure that even if housing remains perpetually unaffordable, I'll make money.

[Anonymous No.53261409]

>>53259250
Normalfags just buy it because "its what you do", I mean its one thing if you can pay at least 50% yourself, but why even bother when you will finance 80% of it with a mortage. Its not yours, you carry not just the rights but also the risks, you are a wage serf bound to his land and at the mercy of interest rates. A lot of top buying normalfags are being fucked by their mortage now, they might lose "their" house because near zero or even negative interest rates are what kept them affordable to them.
Putting the money into stocks is a better idea imho, the stock market has never been as accessible as it is today and while it has its own downsides it sure beats being a banks bitch.

[Anonymous No.53261436]

I'm putting an offer on a house today for 6% less than asking. It's been sitting for almost half a year. I'm sick of renting and living in apartments and shit.

[Anonymous No.53261449]

>>53261341
>bro just live in the middle of nowhere

[Anonymous No.53261737]

>>53259250
I agree. What do suggest when buying a house. Should I just put as little down and use the rest of my money in the market, stocks ,bonds ,index...?

[Anonymous No.53262000]

>>53261737
I mean there are a lot of personal factors but I would aim to be stuck with a mortage for as little as possible.
So no, pay up front as much as possible.

[Anonymous No.53262178]

>>53261341
Hey look a faggot narcissist who thinks he should make money and everyone else should live in squalor. McNeck yourself.

[Anonymous No.53262229]

>Hey look a faggot narcissist who thinks he should make money and everyone else should live in squalor. McNeck yourself.

[Anonymous No.53262238]

>>53256951
God you sound like my coworkers who all have variable rate mortgages.
Are you not buying eggs at triple the price of last year? Interest rates will continue to go up and they will stay up after they’ve peaked for a long time. Because to beat inflation you have to make people believe that it won’t return. Could literally take a decade or more before they lower rates.

[Anonymous No.53262308]

>>53262229

[Anonymous No.53262341]

>>53262308
Thanks

[Anonymous No.53262414]

>>53262341
No problem, we're gonna make it 110 soon btw

[Anonymous No.53262549]

>>53262000
>>53261409
shut your mouth whore. you don't know know shit about investing/owning a home.

[Anonymous No.53262603]

>shut your mouth whore. you don't know know shit about investing/owning a home.

[Anonymous No.53262804]

>>53262603

[Anonymous No.53263179]

>>53256905
Housing will go down, but until the boomers die, and their is a huge inflow of supply into the market, from millenials and zoomers selling their dead parents' shitboxes, not wanting to live in the suburbs, and desperate for cash wealth. Boomers now are in there mid 60's. Once they enter their 70's, that's when we'll see the start of supply inflow, but until then buying a house is a fool's act. Instead, why not buy the stock market or crypto dump? AMZN dipped 56%, APPL -32%, and not even to mention cheapie growth stocks, like Digital Ocean (-83%), Zillow (-87%), or Etsy (-78%). With stock so low, I don't know why anyone would buy a pumped as fuck market like housing. This is even more so, when housing typically bottoms well after stocks. Too soon for housing.

[Anonymous No.53263213]

>>53263179
Boomers won’t leave their housing as to their offspring as they die though. Nursing homes often take everything from you as you need continual care. And that will leave the kids with nothing.
Unless they die in their sleep at home.

[Anonymous No.53263232]

>>53258603
> 30s
> Khhv
That just sounds like 4chan kek. No other place in the internet has as high a concentration of virgins and losers like 4chan

[Anonymous No.53263283]

>>53263213
Only 2% of seniors live in nursing homes in America. This is an idiodic statement.

[Anonymous No.53263310]

>>53258897
she’s oddly wholesome.
source?

[Anonymous No.53263427]

>>53258897
Look how white her teeth are despite living the in the jungle, with presumably not dentist ever. Western diet really is poison.