/biz/ - Business & Finance

[Anonymous No.56165853]

Are you guys waiting for rates to drop before buying a house? Or do you think there'll be a crash? How long are you willing to wait?

[Anonymous No.56165862]

>>56165853
Only retards rent.

[Anonymous No.56165864]

>>56165853
Fuck you

[Anonymous No.56165867]

>>56165862
>buying at the top
good move.

[Anonymous No.56165889]

>>56165853
Wait for the crash. It's starting right now so hang tight

[Anonymous No.56165891]

Hoomers will baghold until their Zestimates return to pre-Covid levels the same way Bitcoin baggies held from 60k ATH. However RE is slow moving and it will take years to play out.

[Anonymous No.56165896]

I'm saving until I have the cash. I pay more in taxes then most make here

[Anonymous No.56165909]

Someone please explain the real estate situation

[Anonymous No.56165927]

>>56165909
Prices are high as fuck, interest rates are high as fuck. They can't stay high forever right?

[Anonymous No.56165960]

>>56165853
So as long as migrants keep getting pumped into the country and having 4 kids, there will be no housing crash. Buy now or forever be a renter or living in the parents basement

[Anonymous No.56165983]

>>56165853
LE EPIC ZILLOW SCREENSHOT THREAD!!!

[Anonymous No.56165987]

>>56165909
>>56165927
>prices high
>interest rates high

but also

>flood of immigrants willing to live 12 people per house and split the costs
>everyone who bought before last year saying they will never give up their 2% mortgages


it's basically at a stalemate at this point with low volume, but no price decreases because anything that does go on sale sells quickly, but there's no inventory.

[Anonymous No.56166009]

>>56165853
I'll never buy a house I'm priced out forever and I'm an engineer lol.
I realized how poor I am when I started listening to Dave Ramsay and realized like 80% of the people calling in make $120k+ a year.

[Anonymous No.56166015]

>>56165896
>Paying taxes
Ask me how I know you'll be poor always

[Anonymous No.56166035]

>>56165853
It's just going to rise with inflation for the rest of the decade.

Fed has another hike in them before the end of the year and has shown no desire to cut rates anytime soon.

If rates come back down to the 4% range, you will see more buyers entering the market, but you will also see sellers who are holding off right now list their properties, which should balance the demand for a bit.

[Anonymous No.56166074]

Prices may go up or down.
But rates WILL go down eventually. I can just keep saving until then. The more I save, the bigger my deposit, the lower my jewgage.

It's a win-win-win.

[Anonymous No.56166121]

>>56166074
>>56165927
Is it worth buying and trying to refinance later?

[Anonymous No.56166282]

>>56166121
It doesn't matter. You can buy or rent, it's the same. You need somewhere to live. A 1000 sq ft apartment is going to cost you the same a 1000 sq ft house.

[Anonymous No.56166307]

>>56165853
I hope the rates stay high. Got to shake out all those weak bitches and then find some good slurpies

[Anonymous No.56166317]

>>56166035
Damn, I wanna move to North Dakota. Mostly white and only gotta give lank kikes $400

[Anonymous No.56166320]

>>56166307
how long until people start getting shook out?

[Anonymous No.56166341]

WW3 is coming = the mass importation of the brown hordes will get disrupted. Housing will crater -87% without the supply getting artificially slurped from an open border policy.

Best case scenario for housing fags is Biden wins 2024 by locking up orange vaxx man and the geopolitical situation around the world somehow remains stable

[Anonymous No.56166349]

>>56166320
Never.
Prices are high but everyone has shit loans of money.
Every 80 IQ incompetent negress baboon is pulling $80k in some bullshit HR job these days and that's the low end.

[Anonymous No.56166371]

>>56165909
Line goes up. Always up. Never down. Line can never go down. Ever.

[Anonymous No.56166376]

>>56166320
People are always getting shook. It's just when you show up to slurp you find other slurpers. You know you've slurped well when Berkshire Hathaway and Blackrock try to slurp your slurps with automated postal mail offers for your slurpity.

[Anonymous No.56166394]

>>56165909
few people are buying
few people are selling
I'd like to sell but can't find a decent place to buy
looks like a multi-year crab is in the cards until something breaks

[Anonymous No.56166399]

>>56165909

[Anonymous No.56166433]

>>56165853
i tell people i'm waiting, but in reality i have no money to buy a house, so when or if rates drop, it won't matter much to me. owning zero assets and maintaining a negative net worth are how i survived the last few financial bubbles.
>market drops
no problem
>housing drops
not my problem
>commercial real estate drops
oh well
>crypto drops
again, not my problem

get good, faggits.

[Anonymous No.56166454]

>>56166433
Checked and based nothing owner

[Anonymous No.56166475]

>>56166317
You will live on the reservation anon

[Anonymous No.56166518]

>>56166341
Wouldn’t more people enter America in a WW3 event?

That’s what happened in WW1 and WW2 and is the reason why America has more Jewish people than any country besides Israel

[Anonymous No.56166849]

>>56165909

[Anonymous No.56166963]

>>56166341
Lmao. You really think that enough Mexicans are sneaking in to prevent house prices from going down? This board is dead.

[Anonymous No.56167140]

>>56165853
don't know don't care
I will probably be living in mums basement so it doesn't affect me
hahahahahahaha

[Anonymous No.56167165]

>>56165867
You can get a cheap place for 100k "at the top" instead of renting. You’ll unironically pay half price and even if the value goes down it’ll go back up soon enough and you can sell and upsize whenever you want because if your plaxe is down, so are the others. Even a tax benefit for selling a "loss". You dont need to live in the city, an hour away does wonders.

[Anonymous No.56167170]

>>56167140
What if you're mom starts charging rent? Is she a boomer?

[Anonymous No.56167423]

Good Luck,

Mike

[Anonymous No.56167430]

>>56167165

This troll is getting so fucking old.

[Anonymous No.56167441]

>>56165909
The situation is you bend over and present your ass and, if you're lucky, a developer will give you a good fucking

[Anonymous No.56167459]

>>56167430
I’m not wrong.

[Anonymous No.56167482]

>>56167459

>hurrdurr housing is affordable lemme post another 80k house that is a meth lab in niggerville hyuck hyuck

It's way past the point of funny man just fuck off.

[Anonymous No.56167491]

>>56167482
I only said its better to buy the top of the meth town than to rent literally anywhere.
Anyways, you are the bait. Not all small towns are meth addicted retards or 90% black. Find a better state.

[Anonymous No.56167494]

>>56167491
Furthermore, its temporary you fucking idiot, lets you acquire wealth and enter the market elsewhere. Or go ahead, pay 4k in rent to some city fag because brainwashed to be a slave.

[Anonymous No.56167501]

>>56167491

>won't say nigger

Yep it's a tourist

[Anonymous No.56167506]

>>56165960
and they just approved work visa's for something like 30,000 Venezuelan monkeys. it will never go back down.

[Anonymous No.56167508]

>>56167501
>hurr durr do i fit in yet
Imagine not even being an originalfag and talking about election tourists, pathetic cancer probably.

[Anonymous No.56167509]

>>56166121
i've always heard you can't refinance until you've built up equity in your home which wont happen for a couple years.

[Anonymous No.56167513]

>>56167508

What if I told you that there were people here before 2016?

[Anonymous No.56167519]

>>56167513
Clearly not you, not even knowing what originalfag or cancer is. Maybe people stopped talking about this after the newfag era when /b/ had truly died.

[Anonymous No.56167529]

>>56167519

I guess I can find out what ID's are chat bots when are when they refuse to type "nigger"

[Anonymous No.56167535]

>>56167529
I’m too old for this shit. If you think 4chan is just saying nigger to prove you are "in" you are very late and seriously retarded.

[Anonymous No.56167541]

>>56165862
>sinking a million bux into a depreciating asset
>calling others retarded

[Anonymous No.56167544]

>>56167535

Ok so this bot can type "nigger." But it still has suggested that you can find any place for 100k and to buy the peak of a generational top. Such a post is either deliberate misinformation of the ravings of a madman. Or a broken chat bot.

[Anonymous No.56167550]

>>56167423
Hope it's that violent

[Anonymous No.56167556]

>>56167544
Inflation will stagnate. Lumber wont get cheaper. Labor wont get cheaper. A 100k house will not go to 50k. It’s like a one time renting fee that gets refunded. I am smarter than you and wasted less money on rent while saving and investing. You are incapable of research and rely on memes to program you (brainwashing).
Enjoy your shitty life, slave!

[Anonymous No.56167558]

>>56165909
Touching the real estate market right now is a bad financial move altogether unless you already have generational wealth, so no one wants to buy and no one wants to sell, which is why prices are currently stuck in their unaffordable state.

Something will eventually give, but we don't know what that will be. Either everyone starts making more money or real estate prices drop.

[Anonymous No.56167563]

>>56167556
>I am smarter than you
You are obviously a boomer and huffed too much leaded exhaust.

[Anonymous No.56167571]

It's actually funny because the same thing is happening here.
Velocity pretty much dropped to 0, because boomers are calling insance prices, even higher than in 0% days, because they don't want to realize that the market crashed and no one can afford to be the greater idiot who buys their "investment" anymore.

[Anonymous No.56167578]

>>56167563

It's truly bizarre posting I can't figure out if it's a bot or grandpa forgot to take his pills again. I guess thinking that 100k for a house is evidence that he's old and has zero idea of what the current market looks like.

[Anonymous No.56167584]

>>56167563
>>56167578
I bought a place for 100k last year at the peak. Prices aren’t changing. I have no debt and I don’t have to rent. It’s a safe neighbourhood and I can upsize somewhere else if I wanted to, but I’m pretty cheap. No family so no need.
If I want to move in 5 years the price will likely still be 100k unless inflation goes haywire again. There is literally no downside and I’m not paying rent to some slaveowner.

[Anonymous No.56167604]

>>56167584
For what its worth, the place I bought also cost 100k five years ago. Some rural towns are just completely stagnant in price. Not far from a city either, quick trip.

[Anonymous No.56167750]

>>56166009
NGL Ramsay set me straight 10 years ago.

[Anonymous No.56167763]

>>56166009
>>56167750
>80% of the people calling in make $120k+ a year
that's gotta be their household income right?

[Anonymous No.56168069]

>>56167604
>>56167584
You bought a trailer. Redpill us on trailers and trailer park living

[Anonymous No.56168101]

>>56168069
There are zero trailers in my neighbourhood. Shit like that is not permitted in the whole town. You just need to research a lot and stop thinking like a retard. People just look at one place, not happy, and immediately give up because they’re morons who need instant gratification which a loan in a city that rapes them will do.

[Anonymous No.56168298]

is a crash happening or not? People have been saying this for years now

[Anonymous No.56168301]

>>56165853
>living on the mainline as a poorfag
i don't understand the appeal. for me, it's white trash heroin exurbs like prestigious SPRING CITY, PA.

[Anonymous No.56168322]

>>56168298
There will be no crash. Only increasing costs and stagnating wages. Housing goes sidesways. At most it almost never goes down more than 30% even in a black swan market wide crash. People are too hopeful. Just buy something lower end in a cheap area and stop renting and start investing for upsizing later.

[Anonymous No.56168398]

>>56165909
Prices are absolutely retarded in most areas, rates are even worse, and perhaps the worst part of it all is that no new housing is being built anywhere. That latter thing is IMO the biggest reason why this shit is happenining, NIMBYfags shut down any and all new developments which means that real estate naturally explodes in price since there’s only so much to get. Which wouldn’t be so bad if 21st century slave labor wasn’t constantly being shipped in by the fucking hundreds of thousands.
>also HGTV making every retard on the planet think they can “fix up” their cardboard shithouse with some cheap granite counter top and sell it for an extra $400,000 didn’t help anything either

[Anonymous No.56168417]

>>56168398
>no new housing is being built anywhere
i disagree, i see a lot of new construction. unfortunately it's $600-800k "luxury" townhomes with absolutely grotesque landscaping, and the only people buying is DINK pajeets/chinks with absolutely no sense of style or value. pic related.

[Anonymous No.56168431]

>>56168417
Guess I should have clarified that there’s really no new housing that isn’t full on tasteless grossly overpriced boomer McMansions. Either way for any young adults or 30 somethings established in a career, we’re pretty much shat out of luck on the housing front. The entire concept of the “starter home” is practically dead in the water from a development standpoint now.

[Anonymous No.56168460]

>>56168431
>The entire concept of the “starter home” is practically dead in the water from a development standpoint now.

the jews will tell you that it's not feasible to build traditional starter homes because muh margin. meanwhile companies like lennar homes are seeing net margins (per their financials) of nearly 13%, and operating margins of nearly 20%. really makes you think -- sounds like they have a lot of wiggle room.

anyways, i think mortgages need to be reformed. price inflation is enabled by credit availability. you give a normgroid access to credit, whether it's a personal credit card or a $600k mortgage, and they immediately max it out like the drooling nigger retards they are. we need to dramatically lower DTI allowances and lower terms. punish debtniggers and reward savers.

[Anonymous No.56168480]

>>56168431
>>56168460
also raise down payment requirements. 25% minimum. paycheck to paycheck nigger retards who can barely scrape up 3% will be relegated to a lifetime of rentcuck slavery, as they should be.

[Anonymous No.56168539]

>>56168460
Even in regards to muh margins, the average American home is made out of cheap plywood and papier mache, the style was purposely created to be fast and cheap to build to shit out a ton of them in tandem with the automobile. There is no reason why any developer should truly struggle with costs for such a thing to make inexpensive starter/single unit homes without blind greed stepping into play.
>>56168480
Personally I think 20% is a good spot. Say you have a $150,000 home, nothing too fancy but perfect for a first time buyer, all new construction, that’d just be $30,000 to get going on a mortgage. Which likely means you have at least something thats not fast food/retail minimum wage shit. Its not a perfect solution but hell if it isn’t any better than whats going on now, and kind of reflects the historic trends of it before everything got absolutely retarded.

[Schwab No.56168553]

>>56166433
>owning zero assets
On a scale of happy to happy, how happy are you?

[Anonymous No.56168576]

>>56166518
>he doesn’t know America is going to be the next Nazi germany

[Anonymous No.56168591]

>>56167506
you're off by an order of magnitude

[Anonymous No.56168893]

>>56168298
In my desired neighborhood in a midwest town prices on homes sold between 200k and 400k dropped 3% in August and nearly 9% if you exclude 3 outliers that went for $200/sqft. Homes are seasonal August just seems a little early to start the winter price reduction.

[Anonymous No.56168974]

>>56165853
It's already dumping where I live but I lost my job so I'm just going to move into my car.

[Anonymous No.56169026]

>>56168539
>There is no reason why any developer should truly struggle with costs
On top of the fact that they're paying illegals to do the construction for an insane discount.
>>56168460
The thing you're not getting is that they make more with the largest houses people can afford. One family needs one housing unit which has a fixed cost in terms of permiting, hookup etc but if they make it as big and expensive as possible they can maximize their economies of scale. Obviously there's a limit but the mcmansions they build are something like 3-4x the typical size they were building in the 60s for just this reason. It's not that they can't make money they just don't want to leave any on the table.

[Anonymous No.56169068]

>>56167535
Only a not oldfag would say originalfag what the fuck you nigger.

[Anonymous No.56169112]

>>56165909
i've worked in the industry for the past fifteen years. let me break it down for you real quick. note this is a simplified explanation and may not cover everything, but it'll get the gist across to retards.

>since forever, median home prices have been correlated with median household incomes in any given area. commercial developments or other amenities around these neighborhoods would be constructed with the median incomes of the households in mind. for example, it would be stupid to build a high-end exotic car dealership in an area with low median incomes, so developers wouldn't do that.
>work from home shattered this paradigm. you had people from the coasts making $300k a year moving to flyover states and it changed how developers analyzed those places. these high earners moved into economies that aren't able to support them. developers attempted to chase that money and gentrify around this migration. that's great for the people who moved there, but the people who have lived in these places for a while are now paying out of their ears for all the things which used to be affordable. and their property taxes began to go up, because real estate is valued using the principle of conformity, e.g. if values around my house all rise my house value will rise too, even if i do nothing to improve the asset itself.
>around the same time, covid hits, the fed prints trillions in free money and this was the impetus for the rate hikes we've been seeing consistently for the past few years. they will continue until they manage to give the dollar some semblance of value again. this doesn't just make it hard for people to afford mortgages - it also hits commercial development in the same way. if you're saying to yourself 'oh i don't give a fuck about commercial real estate because i only own one house and it doesn't affect me', then you're stupid. these values are all intrinsically linked and, to use a popular turn of phrase, where we go one we go all.
cont

[Anonymous No.56169149]

>>56169112
anon finish your post im edging and precum is dribbling all over

[Anonymous No.56169159]

Why can't we just let the prices go down?

[Anonymous No.56169168]

>>56169112
>now, put yourself in the shoes of joe homeowner who has been living in the same place for the past 5-10 years. his neighborhood skyrocketed in price because a bunch of wealthy people moved there. his property taxes ballooned, his living costs all took off, and now he can't afford to stay where he is anymore, even if he wants to. so he's going to try to move somewhere more affordable.
>he becomes the same driving force which is effectively kicking him out of a house he bought - he's going to look for a cheaper spot and hopefully move in with a bunch of equity from his house. however, this can only happen so many times before values just go up everywhere. the covid migrations were this exact scenario, happening over and over again, in a type of long daisy chain whose eventual effect was single family houses in buttfuck-topeka-kansas costing far, far more than they are worth. the buck stops when no affordable places exist anymore. and they don't, now.
>so people are in a pickle. they can't afford to stay where they're at. but mortgage interest rates are so high that their purchasing power to find a new place is severely limited. when rates jump from 3% to 6%, retards assume that this is a novel increase. it's actually a 100% increase on their effective interest. they're doubling the non-principal portion of their mortgage payments. that's not just substantial, it's insane. we've been in high rate environments before. typically the response is that real estate values lower to accommodate buyers' decreased purchasing power.
>except they aren't. why is that? it has to do with personal debt as much as real estate being valued via the principle of conformity. remember reading about americans setting a new record for credit card debt? people financing tens of thousands of dollars on used cars that are beginning to break down, leaving them with a loan they can't repay?
cont

[Anonymous No.56169191]

>>56169068
Oldfag and originalfag are different things, newfag.

[Anonymous No.56169212]

>>56169168
>if you're stuck in a house you can no longer afford, you need to sell it at a high enough price to cover your debts and put enough cash in your pocket that you can move somewhere else. but buyers can't afford to do that, because their loans are costing them too much. and sellers can't take less, because if they do, they'll sell their house and still be under a mountain of debt. if your two choices are broke and living in a home, or broke and homeless, you choose the former. always. so sure, people will put their homes up for sale, but they'll list them at prices they can't fetch and the homeowner can't actually drop the price or they'll short-sell the property, which they can't do.
>housing markets are hitting a stalemate status because of this. people want to move, but they can't afford it. even if they're trying to downgrade, they can't afford it. so homeowners will stay put, keep racking up debt, and eventually file for bankruptcy. it'll be a slow, painful process, because debt accumulation doesn't progress in a linear manner across large populations. it's like a slow flood, rather than a tidal wave.
>now you're probably saying to yourself oh, well that just means there will be a market correction in housing, and we'll get lower prices eventually, it'll just take some time. you're right, partially, because you're looking at one half of the equation with clear eyes and you can see the eventual future there.
>you're ignoring commercial. again. because you're so focused on having a roof over your head you neglect to understand that your house is part of a larger ecosystem, and these various types of property inform the value of one another
>commercial is a ticking time bomb. so many developers went on these hugely expensive gentrification campaigns in all of these flyover cities, and they leveraged themselves to the tits to do so because, for a while, the returns were fucking amazing.
cont

[Anonymous No.56169215]

>>56165862

About 10% of my income goes to rent. How will I manage?!

But yeah congrats on FOMOing the majority of your net-worth into a boomer ponzi, kek.

[Anonymous No.56169268]

>>56169212
>why were the returns amazing? if a strip-mall developer is used to paying los angeles prices for vacant land to build on, and are introduced to the idea of going to flyovers and paying significantly lessened prices for building a similar asset which will attract similar tenants, their profit margin just exploded and they don't need to do anything different than they normally do, other than change their development location. it's free fucking money, essentially.
>except, now, these neighborhoods that they were relying on to spend their money in these commercial developments are all stuck under piles of debt. they can't move, they can barely cover essentials, and their lines of credit are all running dry. so the tenants who make these commercial properties profitable are all leaving. they're breaking leases and landlords can't find fresh blood. after all, what tenant wants to be in a high-end development in an area where people have no purchasing power? we're back to the concept of WHY no one builds high-end car dealerships in areas with lower median incomes. except all those things have been built, financed, and committed to.
>commercial mortgages are going to detonate because of this. people like to groan about office assets, and yeah, those are suffering, too, but i'm of the opinion that they'll bounce back with some repurposing. these overpriced, heavily-leveraged commercial assets in low-income cities throughout the american interior are a debt bomb which can crash the entire economy, not just the housing market. the only hope is that there's enough dry powder on the sidelines to come and scoop these loans up once they enter special servicing. but i don't think that's going to happen for a long time, until the prices bottom out and the financial institutions agree to take a loss on them - which will require another bailout, which will require higher interest rates on loans, which makes it harder for people to move...
>it's going to get worse.

[Anonymous No.56169279]

>>56169168
>he's going to look for a cheaper spot
Unless you're doing a cuckshed or boutpill type of thing the only cheaper spots are in fucking Mexico.
The driving force will be Paul Gram calling all his Indian H1Bs back to California not the people fleeing the rural US for... more rural US.

[Anonymous No.56169361]

>>56169279
see
>>56169168
the buck stops when no affordable places exist anymore. and they don't, now.

i addressed this fact. these trends aren't limited to single groups. everybody needs to eat, so everyone is affected by rising food prices. everyone needs shelter, so everyone is affected by rising housing costs, or mortgage interest rates. the only people who get bona fide rate forgiveness in america are veterans using VA lending programs.

[Anonymous No.56169410]

in case of a crash you'll get -15% max with high interests

[Anonymous No.56169477]

>>56169410
Structures are way overpriced, especially new ones.
It's housing *units* not square feet that matter right now and mcmansions are currently priced by square feet. The bottom (70 year old houses that are at $200-300k or so right now) might move by only -15% but most things are going to move hard.

[Anonymous No.56169522]

I’m living with my mom saving money. If a deal pops up I will buy with either a large down payment or cash. If a deal doesn’t pop up I will live here until I’m 35 and reevaluate. I’m certainly not going to struggle so either price’s go down or I live here forever

[Anonymous No.56169600]

>>56169522
I wish so much that I had done this. I could have saved almost as much as I have in my whole retirement account.
But I bought into the retarded propaganda that sleeping around is a good idea and they hated that I was taking girls home and getting drunk etc.
If I had literally just listened to my parents and stayed with them I'd be twice as wealthy and probably have an actual family by now.

[Anonymous No.56169689]

>>56169600
>If I had literally just listened to my parents and stayed with them I'd be twice as wealthy and probably have an actual family by now.
living at home with your parents doesn't help you become a better man or a better spouse. it may be financially sound, but you're going to have a hard time entering into a domestic relationship with someone when you're used to being taken care of for much of your adult life.

[Anonymous No.56169699]

>>56165853
Just buy land worth million bucks, set up a cheap home for starters and start growing some cash crops

[Anonymous No.56169742]

>>56169689
>ut you're going to have a hard time entering into a domestic relationship with someone when you're used to being taken care of for much of your adult life.
Meh. I had a live in girlfriend for a couple years (I should have married her) and she pretty much cooked and cleaned the way my mom did. The whole "guys need to learn to live on their own" thing is kind of BS. Maybe some women care but i don't think it matters. You're meant to live with either your parents or a spouse not by yourself.

[Anonymous No.56169970]

>>56165909
Rentoids and hoomers are both BTFO

[Anonymous No.56170002]

I am unironically moving to Tijuana and giving up on the USA at this point.

Going to be a degenerate sexpat. I make 80k a year remote job and cannot even afford a house and my boomer parents think I am a retarded lazy fuck.

I have had women make fun of me in the USA when I bring them back to my small 1 bedroom apartment.

[Anonymous No.56170064]

>>56167423
if that turns out to be true then fomoing in on low rates right after the coof was the best move

[Anonymous No.56170171]

>didn't buy b4 hyperinflation and rate hikes

I'm sorry, op. At this point you're asking questions above your caste.

[Anonymous No.56170187]

>>56166518
not if it happens in America instead of Europe this time

[Anonymous No.56170374]

>>56170002
Based.
Make sure your employer is ok with it (or you can live off savings in your destination after they fire you for not telling them you moved) because that kind of thing usually fucks with their taxes.

[Anonymous No.56170387]

>>56170187
Other than civil wars there will be no total war in any Western or East Asian country
>muh Ukraine
Ukraine has really always been part of Russia. That's a civil war that the US has amplified into a genocide of the Ukrainians.

[Anonymous No.56170491]

>>56169742
>The whole "guys need to learn to live on their own" thing is kind of BS.
it genuinely isn't. i lived with my parents until i was 23, and that entire time, i was a child. i did a poor job of taking care of myself, had no ambition, and didn't want to change my situation very much. they told me to move out, i did, and ten years later i have a good career, a nice house, a wife, and three kids. if i had stayed at my parents' place for the past decade instead of moving out and being forced, through that action, to address my shortcomings as a person and improve myself, then i'd have done none of those things and been a miserable live-in neet.

that opinion has the benefit of hindsight, i get the feeling your contending opinion does not.

[Anonymous No.56170527]

>>56166282
But you build no equity while renting.

[Anonymous No.56170555]

>>56169215
Once you leave mommies house it will cost you more.

[Anonymous No.56170597]

>>56170527
the vast majority of these goons go and get amortized loans that frontload interest for 4-5 years from the start of the payback period. then when the idiots realize that they need to move they find out they've paid mostly interest since they bought the place and have nowhere near the equity they thought they'd have.

[Anonymous No.56170652]

1 of 3 things will happen

1. housing crashes 30-60%
2. median wages grow 30-60%
3. some combo of the above two

Prices are not determined by what people are willing to sell something for, but rather by what someone is willing to pay for it. the real chads bought before hyperinflation started.

[Anonymous No.56170740]

>>56170652
>2. median wages grow 30-60%
lol. I think we know which one it's gonna be. Greed in, greed out.

[Anonymous No.56170762]

>>56165853
You absolutely need to ignore the noise and buy a house yesterday if you don't own one.

you are basically nothing without it

[Anonymous No.56171292]

>>56170762

Hey So basically I'm just gonna not buy an overpriced boomer box at a bubble peak. I Know..... UGH I know... It's just that I'm not gonna do it is all

[Anonymous No.56171300]

>>56165853
Guys. I'm thinking about renting for few more years and buy a home somewhere in some small city in Kansas for 40K cash. I won't have to pay any mortgage and can get by with some easy 1K a month job and foodstamps.

[Anonymous No.56171668]

>>56170762
Ohhhh baggieeeeeeee

[Anonymous No.56171771]

>>56165891
>it will take years to play out
In that time, renters will be paying 20-35k/year - every penny of which will go to the landlord.
How long do you think it will take? 3 years? 5 years? How much do you think RE will drop? At what point do you think that you will have thrown so much of your money into the rent void that even a 1929+2008 double turbo event wouldn't put you ahead of hoomers?

[Anonymous No.56171866]

>>56171771
Let’s say you buy the top right now and it takes 5 years for the housing market to bottom out. Over those 5 years most of your mortgage payments are going to interest so you aren’t building equity. Your home is also decreasing in value in this hypothetical. You do get a tax break but you’re also responsible for maintenance/repairs.

Alternatively, you could rent and save for 5 years then slurp the dipperino.

If hoomers are right and line only goes up, then yes of course you should buy now. But if this really is a bubble, there is no reason to buy now. Again you are not building equity for the first years of a mortgage because of the interest.

[Anonymous No.56172123]

>>56171866
>saving
How much do you think you'll be saving with rent?
Keep in mind also that rent will probably never go down, but a mortgage will always stay the same. So if your salary goes up, the increase will largely go to rent, if the hoomer's goes up they can put it towards equity since HOA and taxes don't usually go up much. And if taxes go up it probably means their property value increase, though I understand that's a bit of cope.
There are also less tangible benefits that I think need to be considered. I can buy a pretty nice townhouse with a garage and driveway right now in a gated community in front of a nice lake surrounded by acres of trees (e.g. it's quiet) and have the same monthly payment for 5 years of my life that I would have in my current "luxury" apartment that shares 5 surfaces (instead of 1-2) with niggers/brownoids, and a shared hallway where I have to occasionally brush shoulders with an ape that's probably a misfired neuron away from randomly trying to kick my shit in, and I have to drag groceries from a hundred yards away, can't modify/improve the place, etc.
Also, in 5 years for a 260k loan at 7.2% you will have paid $15k towards equity. How much do you really think you will have saved while paying rent? You can probably save more by renting cheaper places, but is that worth the experience? Keep in mind 5 years is about 6% of your time on this mortal flesh prison, not only that but it's probably 20%+ of your best years. Is that worth it?
I starting to think /dicks/ might be the wrong place for me to air my though on rent/buy the top though. I place too much value on the less tangible comforts.

[Anonymous No.56172140]

>>56171866
>If hoomers are right and line only goes up, then yes of course you should buy now.
Shouldn't you wait for rates to fall either way?

[Anonymous No.56172210]

Would it be wise to purchase mortgage points to lower the interest rate anons?

[Anonymous No.56172231]

>>56165853
The insurance correction is coming.

[Anonymous No.56172257]

>>56165909
Mortgage payments are so high that no one can afford to buy. Due to that reason no one is willing to sell either.
The housing market is a low volume shitcoin and a recession is about to cause the equivalent of an AAVE loan liquidation sending homes to zero

[Anonymous No.56172330]

>>56169068
You are def an actual oldfag
t.2009
>>56169268
You are a knower and I hope the pavement apes don't get you in the Happening

[Anonymous No.56172331]

>>56172123
That's if you are able to keep your comfy good paying job for another 30 years. Most likely they will fire you by the time you are 40.
>15K in 5 years
Lol do you know how much it costs to replace the roof or to repipe the house? My friends recently remodeled 2 bathrooms and paid 50k. Gjvmj

[Anonymous No.56172395]

>>56171771

2008 hoomers were underwater for a decade if they didn't default

[Anonymous No.56172445]

>>56165853
It makes zero sense to buy at current prices and interest rates

You're flushing money down the drain paying a mortgage when you could rent for far less and invest the difference in better assets

[Anonymous No.56172530]

>>56172231
>nsurance correction
?

[Anonymous No.56172640]

>>56169522
Unless you get laid off.

[Anonymous No.56172705]

You can get a brand new home down here for 230k. 128 bucks a square foot. There's endless land and the place is booming.

RGV 78504

[Anonymous No.56172733]

>>56165909
Jews

[Anonymous No.56172834]

Is 1200sfqt the new 2000’?

[Anonymous No.56172842]

>>56167506
Retard, these same apes build the shitboxes where all of you and them are living in. Prices will fall sooner or later.

[Anonymous No.56172851]

>>56172842
>he doesn't realize that prices are set by credit availability
let's just bus in all 5 billion turd worlders. houses will be FREE!

[Anonymous No.56173167]

>>56172834
>Copeland

[Anonymous No.56173188]

>>56165853
Im saving cash.
>>56166074
>refinance later?
You should buy under the assumption you will never be able to refinance later. You should buy something you can afford in a recession. Banks are under no obligation to refinance your loan.

[Anonymous No.56173201]

Should I buy in Ireland >>56172981
Looks comfy and I have dual citizenship. Where the best Value in the EU?

[Anonymous No.56173382]

>>56172445

The real intelligent play here-owning is so expensive that unless you're at 300k income levels you can't afford a median home. You can take the $2000 per month you are saving by paying rent and get a 5% return on it in fucking t bills.

When housing declines you are servicing huge interest payments on a home that you can only sell at a loss and are stuck being underwater for god knows how long. Expect hoomer delusion to get more hysterical as we go into this trough.

[Anonymous No.56173638]

>>56166282
>1000sq ft will be yours in 30 years
>you will stop paying rent in the apartment until…

[Anonymous No.56173661]

>>56169268
I haven’t seen such an intelligent and concise series of posts on this dead basket weaving forum since the last bull run..

So what do you mean by
>it’s going to get worse
As in—buy a house now, or wait for the crash when shit hits the fan with commercial real estate? I’m assuming it’s the latter..

[Anonymous No.56173846]

>>56169268
>it's going to get worse.
Its about the only thing I have confidence in in this world is that phrase.
>heavily-leveraged commercial assets in low-income cities throughout the american interior are a debt bomb which can crash the entire economy, not just the housing market.
My big concern is that not happening, the market seems wayyyy too controlled for that to happen.
Feel like the government will just freeze the markets and then shit it's pants trying to fix it, instead of letting the chips fail as they will

[Anonymous No.56173931]

>>56165853

Germanfag here,
our real estate market is basically dead af. Now with the government pushing green globo-homo stuff they gonna force you to make your house environmental friendly.
So whats happening is old building lose tremendous value no one here to fix it up since everyone is busy with woke studying in universities and also energy prices sky high.
Middle class is already dying 5x the speed before the urine war started...rents rising at faster speed since no one can afford housing.
Wages losing value against inflation, average germanfag still happy owning nothing and also be poor.
I consider myself lucky because i have a 220k$ stock portfolio and 130k$ in cash on a high savings account, im just waiting for the housing to go in panic mode.
Also our rates are most likely to stay high since our energy politics is fucked up with these green-socialists in charge.
So yea, if you plan to come to germany fuck off and try it in 5 years maybe

[Anonymous No.56173978]

>>56170491
you still post on this shitty website

[Anonymous No.56174109]

>>56173661
>So what do you mean by
>>it’s going to get worse
Let me try:
>There are no good options. We don't know what's going to happen and in what order and how long from now, which are all crucial to making the "correct" decision. Fundamentals probably apply: keep your job, keep monthly outlays low, pay in cash. Anything more specific can set you up for a reaming a la all the entities that got caught up this time.

[Anonymous No.56174158]

>>56166963
>sneaking
Pouring

[Anonymous No.56174165]

>>56170762
>America is collapsing
>China is collapsing
At least 1 of these, probably both is true. America collapsing is an obvious total homer death. China collapsing is an obvious invasion of Taiwan, which will downspiral into ww3. America can perhaps play jew games and export debt to Europe and our vassal slaves, but China has no such luxury.

[Anonymous No.56174190]

>>56174109

>There are no good options

For me I'm just sticking to historical fundamentals. The general personal finance rule is a home that is more than 4x yearly salary is considered risky, and that's especially true in a high interest environment.

I make 65k per year and the MEDIAN home in America's mortgage payment is greater than 100% of my take home pay. Let me repeat that. THE MORTGAGE PAYMENT ON A MEDIAN HOME IS GREATER THAN 100% OF MY SALARY. In a sane world the median home price would be closer to 250k and not 450k. Housing prices are double what salaries can support.

In what fucking universe is this not a bubble? We are so detached from fundamentals and meanwhile inflation is ripping through and wages are actually going DOWN. No one has made a case for getting into the market now besides cliche and boomer platitudes. That's because there is no case. We have reached a precarious height and there's nowhere to go but down.

[Anonymous No.56174241]

>>56174190
It's not a bubble if this becomes the new normal, somehow. We accept higher levels of homelessness or an altered housing paradigm, Fed shenanigans keep things from blowing, w/e. I don't think they can manage it, I don't think Americans will accept it, but who knows?

[Anonymous No.56174257]

>new paradigm

Nigger are you listening to yourself?

[Anonymous No.56174317]

>>56174165
>China collapsing is an obvious invasion of Taiwan
>A shrinking population base of young people
>Better get them all killed in war

The whole " shits fucked lets fight" protocol of failing countries does not work with an inverted population pyramid.
And yes Russia is an exception, because it's ruled by a retard

[Anonymous No.56174329]

>>56165853
waiting for a crash. if it doesn't happen then I'll just inherit property from my parents and live there

[Anonymous No.56174445]

>>56174257
>I don't think they can manage it.
But sometimes people just say fuck it and go full autocrat.

[Anonymous No.56174473]

>>56174317
what if it every other country has a shrinking pyramid as well? what if every country knows that pretty soon it will be their last chance to fight for a piece of the pie because pretty soon there will be no young people left to fight?

[Anonymous No.56174500]

>>56174473

In the west mass immigration is the attempt to support the pyramid but it turned out that importing 70 IQ niggers just made the situation worse.

[Anonymous No.56174535]

>>56165853
I don't give a fuck lil nigga, I'm starting a gay onlyfans. Money will rain on me and I'll buy that shit eazy

[Anonymous No.56174548]

Did your grandparents not leave you their house?

I'm from a low working class family and have owned my house since I was 22. My brother didn't want it anyway(too far from the city away from his work) so it was pretty easy to keep it for myself. Is it a garbage piece of shit property? Yes. Could I raise a family here? No, but it beats paying rent or living with my parents.

[Anonymous No.56174558]

>>56167541
That’s how you reduce your taxes; depreciation.

[Anonymous No.56174563]

>>56174548

No one cares about your trailer, Cleetus. We're talking about macroeconomics here.

[Anonymous No.56174628]

>>56166074
>falling for the refinance meme
Anon you’ll never get a rate as low as what’s on the market. The refinancing bank will always give you a higher rate. RE shills will never tell you that.

[Anonymous No.56174705]

>>56174317
Doesn't make sense until you realize boomers despising the young isn't some unique cultural phenomena of the west
>we need a draft ta get them yung 'uns beat with somma that good 'ol work ethic!

Translate that to mandarin and you have some 80yr old saying the exact same shit in chinese government. They know nobody is gonna buy their real estate bags and the death spiral is in, and they will happily pull the rug on you via a massive conflict out of spite

[Anonymous No.56174716]

>>56172123
I'm saving more than 2k a month by renting.

[Anonymous No.56174803]

>>56171771
My Zestimate just hit a new ATH & my neighbors hoom just went under contract last week with a a ask $75k above my Zestimate.
>>56165891
You'll always be a rentoid.

[Anonymous No.56174901]

>>56165853
I'm on my own schedule. Basically I plan to buy as soon as a house in the area I want to live in is available at a price I can afford. A house is not an investment. It's a place where you can fuck your wife and your kids can play with their toys.

[Anonymous No.56174944]

>>56174500
The actual issue is that people believe what you said is true and don't even try to fix the actual problem (rich people have too much money, take some of it and burn it).

[Anonymous No.56174958]

>>56174705
That might work in China where you still have nationalism and cohesion but the US is essentially an international economic zone now. If they tried a draft they'd just get a civil war.

[Anonymous No.56175013]

>>56169215
>10% of my income goes to rent
Average rent nowadays is $2k/month, that's $24k/yr. Are you saying you make around $240k/yr? Fucking clown.

[Anonymous No.56175154]

I'm waiting for the boomers to die. Then I'll move into an abandoned house for free.
Already happening in parts of Europe, Japan, etc.

Wasting your entire post-tax, post-food income on rent/mortgage is retarded. Functional slavery.

[Anonymous No.56175159]

DO I RENT OR BUY

[Anonymous No.56175179]

>>56167423
hopefully the shaded part never goes away this time

[Anonymous No.56175194]

>>56165853
>How long are you willing to wait?
forever

[Anonymous No.56175198]

>>56175159
yes and no

[Anonymous No.56175227]

>>56175159
Depends on location.

[Anonymous No.56175299]

>>56174803

This troll is so tiresome

[Anonymous No.56175317]

>>56175159

Complex answer specific to your current situation and the deal you're getting. On a macro scale housing is the most unaffordable it has ever been. Read a book on personal finance to understand how much home you can afford but as a general rule you should only purchase a place that is 2-4 times your annual salary and ideally your mortgage payment isn't over 25% of your take home pay. If you can find that deal you should buy.

However if you are making good money and homes are 8X your salary you are better off renting instead of buying the peak of a bubble and being underwater and house poor for the next decade until you wither get foreclosed on or the market recovers.

[Anonymous No.56175520]

>>56175317
>make good money
Code monkeys are so delusional that they think any high tech corporation will still hire them when they are in their 40's.
>get a place 4 times the salary
But let's say I make like 2k a month and find a place for 80-100k and put maybe 30k down payment?

[Anonymous No.56175541]

>>56165853
There will be no housing crash as our elite will continue to import immigrants to artificially inflate GDP, housing markets and velocity of money, even if there is a city wide housing crisis.
What I don't understand is why these elites don't invest in small towns if they are pro immigration. It's almost as if they want this housing crisis while simultaneously reducing quality of life.

[Anonymous No.56175543]

>>56175520
>a place for 80-100k

[Anonymous No.56175557]

>>56175520
Where the hell are you seeing places you actually want to live in for 100k?

[Anonymous No.56175572]

>>56175557
Kansas is one of them. There are 2 bedroom 1 bathroom homes almost in this price range out there.

[Anonymous No.56175580]

>>56175572
Guess I'm off to see the fucking wizard then. I want off this ride.

[Anonymous No.56175590]

>>56175520

Yes if you have a steady income that's how much house you actually can afford. There's a lot of people that are completely overleveraged that are getting eaten up by inflation.

[Anonymous No.56175650]

I'm paying down the mortgage on my land and putting together a deposit to build a little house on it. Gonna be exxy because it's a sloping block but I'm determined to get a fucking house built before I die.

t. poorfag non-investor here to try to learn investing

[Anonymous No.56175668]

>>56172257
Banks will just slurp the sells before sidelined people can get in. You are stupid if you think you will get a cheap home. Price goes sideways until you capitulate and buy, then and only then will price move. Slightly up until the next line of people capitulate and buy. It’s a controlled market owned by the banks.

[Anonymous No.56175767]

>>56175668
I don't care what you think. The top is in and this market is going to zero.
https://x.com/NipseyHoussle/status/1705352681294827831

[Anonymous No.56175769]

>>56175668

Are you seriously claiming that no one will find a deal in the market trough? How utterly fucking retarded. You seem to be late for your shift at McDonalds.

[Anonymous No.56175821]

>>56165867
Jokes on you, I'm homeless. Imagine paying money to live.

[Anonymous No.56175907]

>>56167491
https://www.usatoday.com/story/news/investigations/2023/09/22/cvs-pharmacy-walkout-unsafe-working-conditions/70933188007/

[Anonymous No.56175972]

>>56165853
I own 3 airbnbs locked at 3%. Why would I sell?
Travel boom still doesn’t seem like slowing down. My mortgage on those are paid off within 4 months. Even if my apartment goes empty for 8 months I’m still break even, but that’s never happening because I’m at an average of 80% occupancy. I’ve also started hiking prices on one property to test and retards are still paying it, at this rate it’ll probably take 3 months to pay off yearly mortgage.
Again, why tf would I sell?

[Anonymous No.56175999]

>>56175972

No one mentioned selling. Is baggie getting a little nervous?

[Anonymous No.56176015]

>>56175999
How are you retards gonna buy if no one’s willing to sell.
Most home owners are locked in to their mortgages even if they wish to downgrade their house to get some cash they can’t.
Both supply and demand are at a standstill. Suppose a few capitulate, who is currently gonna afford a 7+% interest mortgage to buy a house?

[Anonymous No.56176028]

>>56167535
oldfag here. I remember nignog

[Anonymous No.56176029]

>>56176015
They'll be forced to sell. If you don't think we're at the beginning of a recession, you're completely retarded.
We'll see unemployment go over 10% within the next 2 years

[Anonymous No.56176041]

>>56176015

Nigger take a look at how weak economic data is right now.

[Anonymous No.56176050]

>>56176041
roody-poo

[Anonymous No.56176053]

>>56176050
newt gingrich

[Anonymous No.56176055]

>>56167494
I'm paying 800 a month for rent....

[Anonymous No.56176212]

>>56176029
>>56176041
Sell and do what? You’re expecting those banking cartels to put everyone in streets and destroy the status wuo they build for decades?

[Anonymous No.56176245]

>>56165853
I already botted, bout a year ago.
Had to spend 8-9 years renting prior to that.
Bought a fixer up gem in the comfy countryside for £48k; they sell for double that just redecorated.
No mortgage. No rent.
Feels good maaaaang.

Enjoy the circular saws at 8.01am, riots, spending the rest of your life trying to pay it off, shouting outside at 2am, police sirens, getting randomly stabbed in a park because..... you know.... ciddy lyfe. Oh, and nukes.

DO NOT FUCKING DARE TOUCH MY WALL OR DOOR WITHOUT MY EXPLICIT PERMISSION.

>t. actual freehold owner

[Anonymous No.56176258]

>>56172530
US Property insurance is (depending on the region and type, e.g. for flood protection this applies on the federal level) strongly subsidized and heavily underfunded. You don't need to believe in climate change to see that a correction is due with the many wildfires, floods and hurricans in recent years coupled with an rising deficit and actual interest rates existing once again.
Some of it is already happening with insurers going insolvent and the insurer of last resort stepping in (making all taxpayers pay for it) or rising rates (flood protection will rise over time to over 400 % in some places).

[Anonymous No.56176297]

>>56175541
>There will be no housing crash as our elite will continue to import immigrants to artificially inflate GDP, housing markets and velocity of money, even if there is a city wide housing crisis.
This isn't what's happening. Blaming immigrants played right into their hands.

[Anonymous No.56176319]

>>56175907
Good for them. CVS is a shitshow. It's a Boomer relic that shouldn't even exist anymore, preying on their memories of corner stores.

[Anonymous No.56176321]

>>56173846
>Feel like the government will just freeze the markets and then shit it's pants trying to fix it, instead of letting the chips fail as they will
I'm sure they'll try, but look at the collapse of China.

[Anonymous No.56176350]

>>56165891
Doesn't make any sense. I own my home (outright). If I sell high I will have to buy high for my next property. If I "baghold" and sell low I get to move into a cheap property. Once you're on the ladder, you're on the ladder. The more important factor are rates, it's stupid to take out a new mortgage while rates are high regardless of property values. So it's not just that people can't afford to buy, there's little incentive to sell either.

https://www.statista.com/statistics/290623/uk-housing-market-monthly-sales-volumes/

In the UK the only times the housing market was this dead was during the peak of the "pandemic" and during the 2008 crisis. Expecting some sort of housing crash is pure cope. We didn't see a crash after those previous events in fact prices have tripled in that timeframe, regardless of market activity.

The reality is that home ownership is a thing of the past, more and more people are renting, and that's the way it will be in the future. There's no reason to think we will ever return to the boomer era of easy mortgages. You will rent from Moshe and Avi and you will be happy.

[Anonymous No.56176406]

>>56170002
As long as your internet is good, Telmex is a fucking scam
>say hi to the paraditas for me

[Anonymous No.56176416]

>>56170387
>genocide of bug Russian boys
FTFY

[Anonymous No.56176426]

>>56176245
>fell for the ruraltard meme
Rural living people in Ukraine are more fucked than city slickers.

[Anonymous No.56176429]

>>56172395
Those were ARM stripper meme loans, not Covid 2%/30yr fixed. Big difference

[Anonymous No.56176463]

>>56176029
Wait I thought it was 2 weeks??

[Anonymous No.56176483]

>>56167763
No their household income is like 200+
The reality is that there are a ton of people out there making an absolute shitload of money

[Anonymous No.56176555]

>>56174190
It's not a bubble because blackrock will buy all the homes regardless of price, private equities will buy and delist all the businesses, you will own nothing, you will slave for the government, the businesses and the banks and you will be happy.

[Anonymous No.56176612]

>>56176426
>>fell for the ruraltard meme
>Rural living people in Ukraine are more fucked than city slickers.
BUW HA HA HA HAAAAAA

You got any other thigh slapping humdingers?

[Anonymous No.56176624]

>304
Kek

[Anonymous No.56176656]

booooooooooom

[Anonymous No.56176712]

>>56170652
> Prices are not determined by what people are willing to sell something for, but rather by what someone is willing to pay for it.
Not homes. Normos will hold and die in it rather than sell it for the price they want. The whole neighborhood is doing it. In every neighborhood.

[Anonymous No.56176715]

>>56176712
i too enjoy making up complete bullshit

[Anonymous No.56176911]

>>56165909
Interest rates spiked by like 250% and home prices didnt even go down, it's not looking good for renters.

[Anonymous No.56176975]

>>56165853
not even 10k link can get you this sh1tty house, ye I am not buying a house until this shit gets cheaper

[Anonymous No.56177321]

>>56175972
You sure sound terrified

[Anonymous No.56177345]

>>56165867
>thinking this is the top
enjoy your $1,000,000+ starter homes in 20 years where that down payment you've been saving up has been far outpaced by inflation

[Anonymous No.56177361]

>>56167165
> just buy house in any circumstance and you'll still win.

post orange fake tan and real estate license

[Anonymous No.56177722]

>>56167423
so if I understand this right, really we'll be luck if we get back to 2019 level home prices sometime in the next four years? I'm gonna have to wait until fkin 2026-2028 to be able to even have a reasonable price on a home? And it will still be at a higher mortgage rate?

[Anonymous No.56177756]

>>56177722
SO NO ONE TOLD YOU
LIFE WAS GONNA BE THIS WAY

[Anonymous No.56177770]

We are not in a housing bubble.

We are in a dollar crash. This is nothing like 2006-08. Money was actually money back then.

[Anonymous No.56178576]

>>56175317
>posted chart leaves out the drop of 2023
Calling you a nigger faggot would be generous.

[Anonymous No.56178623]

>>56177722
>2019
>reasonable
What are you faggots smoking?

[Anonymous No.56179398]

>>56177770
dollars have more relative purchasing power than at any point since 2001
the us can’t strengthen the dollar more because every other country is rugging their own citizens with 50% inflation

[Anonymous No.56179594]

>>56169112
>work from home shattered this paradigm. you had people from the coasts making $300k a year moving to flyover states and it changed how developers analyzed those places. these high earners moved into economies that aren't able to support them. developers attempted to chase that money and gentrify around this migration
The whole work from home shit wasn't nearly as widespread as you're making it out to be, there isn't nearly enough people doing it to completely shift development on such a scale, especially when its a very recent phenomenon, industry doesn't shift that quickly for such a small and temporary blip. Hardly anyone moved away from their work to save money because there was always the threat of being called back to the office, which is exactly what we saw happen. Very few people are going to uplift their life and risk losing their high paying job by moving to the middle of nowhere. Most of these sorts of people love big cities too, they don't want to live in rural areas that "have nothing to do".

[Anonymous No.56179637]

>>56165987
>flood of immigrants willing to live 12 people per house and split the costs
this has been a constant for years.
>everyone who bought before last year saying they will never give up their 2% mortgages
plenty of people bought with the new rates, and as the interest rate climbs, demand will fall. but, i'm sure a lot of people have low interest, so maybe it'll take a spike in unemployment for housing to fall. recession is on the horizon (yes, an actual recession, not a fake covid recession).

[Anonymous No.56179808]

>>56176555
institutional investors own a very small percentage of single family homes. black stone holds like much less than 1%, but then again a lot of homes sold in the past couple years were bought by institutional investors, so this could change.

[Anonymous No.56179827]

>>56165853
I've been a hoomer since 2016. No need to wait for shit.

[Anonymous No.56179840]

>>56165909
Nobody is building, and nobody is selling. No supply+increasing demand=higher prices.

[Anonymous No.56180930]

>>56179840
>Nobody is building
not true, 4chan meme.
>nobody is selling
true, but not a huge margin.
>No supply
wrong
>increasing demand
decreasing demand. higher interest rates do not increase demand. housing prices are indeed falling, and it does take awhile for non-liquid assets be affected by market conditions. never fall for the
>this time it's different
meme.

[Anonymous No.56180943]

>>56165927
>>56165909
>>56165987
>prices are high in desirable areas where everyone wants to live including retards on this board
>repeat demoralization about how expensive prices are year after year ad nauseum
SSDD.
Also homes are not an investment, it doesn't matter how much you pay right now. You shouldn't be making the same amount money after 30 years of working. If you are, you are a fucking moron.

Low time preference zoomer thread. Option field

[Anonymous No.56182341]

>>56176029
>>56176041
I’m literally 47. The amount of times I’ve heard this…
You know the people who say this are the ones who seethe later correct?
How in the world can someone logically justify the value of hard asset like Real estate can go down in an environment where the dollar is programmed to debase perpetually?
I don’t get you real estate doomers.

[Anonymous No.56182367]

>>56182341

You would think that in 47 years you would learn to fucking read. But you sound vaxxed up.

[Anonymous No.56182388]

>>56182367
Read what? At any given point in time you could cherry pick data that suggest we’re doomed, its gonna be a recession and YET the dollar gets debased and hard assets appreciates relatively.

[Anonymous No.56182662]

>>56166433
based, same

[Anonymous No.56182924]

>>56179594
This. At most wfh people moved an hour or two away form where they used to live in the city, not 6 hours away rural

[Anonymous No.56182926]

>>56165853
Houses are gonna fall 10%

[Anonymous No.56182950]

>>56165853
Mfw I want to move out of my condo but I don't have any cash and I need to save a real down payment
>>56165896
We are like buddies. I pay more taxes in a month than I used to make per year

[Anonymous No.56183309]

>>56166341
<20% of young people think the US is a good country worth contributing to. If there were a serious war the US would immediately implode.

[Anonymous No.56183315]

>>56176975
WTF is this? An option chart but super gay?

[Anonymous No.56185003]

>>56177722
No, because the prior ebbs and flows were during a population increase. In 20 years the American population shall decrease for the next 50 years at least. Most of the world shall see population decrease, so do not even @ me on immigration. You cannot import enough foreigners to displace the loss of Boomers without complete collapse. The only way out of this conundrum is if millenials have 5 kids per household ASAP.

[Anonymous No.56185488]

>>56180930
>4chan meme.
Multifamily units aren't homes dumbass.

[Anonymous No.56185515]

>>56165853
just wait for inflation to make that $1m worth $400k today

[Anonymous No.56185540]

>>56182388

You can't teach someone something they think they know. I can't waste more time on people like you.

[Anonymous No.56185568]

>>56173201
Are you insane anon? No you don't want to pay a fortune to live in a mould riddled house in the middle of nowhere. You will never belong in small town communities as they don't welcome outsiders even if they're actual Irish people, you don't stand a chance as someone who has no clue about the culture.
Half of the country doesn't even have drinkable water in a lot of places and are on constant boil water notices because all the pipes are rusted due to lack of maintenance for the past 50 odd years.
Stop romanticizing living in a country you know nothing about and at least do bare minimum research on it first.
>Where the best Value in the EU?
Ireland quite literally is the most expensive place to live in the entire EU.
https://irishbusinessnews.ie/ireland-takes-the-crown-for-most-expensive-eu-country/

https://www.independent.ie/irish-news/analysis-ireland-already-has-highest-prices-in-the-eu-and-its-going-to-get-worse-not-better/a38970142.html

[Anonymous No.56185624]

>>56174241
you do understand that this ends in calls for federalization of the housing market, right?

[Anonymous No.56185628]

>>56165862
I’m not buying the top

[Anonymous No.56185781]

>>56168398
>>also HGTV making every retard on the planet think they can “fix up” their cardboard shithouse with some cheap granite counter top and sell it for an extra $400,000 didn’t help anything either
holy fuck i ran into this exact situation last month while touring a "condominium".
it was a first floor apartment with one bedroom and decayed wooden balcony railings.
$890,000 "i know what i got" attitude owner wouldn't shut up about the kitchen renovation and the new AC unit (dangling from the master bedroom window).
sellers are fucking delusional.

[Anonymous No.56186102]

>>56168460
You realize they’re going in the opposite direction, right? 0% down loans for browns and people with good credit have to pay a subsidy to those with pay credit. Lol.

[Anonymous No.56186140]

>>56165891
The difference is you need to live somewhere. You don't need a bitcoin to live. You can live inside a home. You can't live inside a bitcoin, faggot.

[Anonymous No.56186236]

>>56169268
I wasn’t aware of the commercial real estate problem as you described it. I thought the issue was that their loans are going to roll over into much higher rates (CRE loans usually readjust every five years) and that offices were having high vacancy due to wfh. So you’re saying developers were following the money of people moving to flyovers and building commercial there but now those areas have less money coming in? The people left or stopped coming or lost their jobs or what? I’ve heard of Commiefornians moving to Idaho and shit after Covid and driving up the prices, and then many of them having to move back to CA because their jobs decided they can’t work from anywhere anymore, but it doesn’t seem like home prices went down in Idaho or that anyone is really selling.