/biz/ - Business & Finance

>>18850933
>No one is buying
>Massive unemployment
>Brick and mortar retail and small businesses are going bankrupt.
>1/3 of rent is not being paid
>No one is using airbnb
>Flippers are sitting on empty properties.
>There are more than nine million second homes in the U.S. that may or may not be financially viable given the depth of the current recession.
>The next generation of new home buyers can't afford starter homes, due to the 1 trillion dollars in student loan debt among ages 25-35
>About eight million landlords, who own between one and 10 properties, account for half the nation’s rental properties. Financial duress will come swiftly for those carrying multiple mortgages.
>As many as 30% of Americans with home loans, or some 15 million households, could default if the nation’s economy remains closed up through the summer.
>Immigration has been halted due to the virus.
>Interest rates are already near 0 and can't really go much lower.
>JPMorgan has bumped its loan requirements to 20% down and 700 credit score.
>The jumbo mortgage market is disappearing.
>List prices are already down 6% in april according to redfin.

>>18808190
10 years, because that is how long it will take for you to get your money back after the market crashes.

>No one is buying
>Massive unemployment
>Brick and mortar retail and small businesses are going bankrupt.
>1/3 of rent is not being paid
>No one is using airbnb
>Flippers are sitting on empty properties.
>There are more than nine million second homes in the U.S. that may or may not be financially viable given the depth of the current recession.
>The next generation of new home buyers can't afford starter homes, due to the 1 trillion dollars in student loan debt among ages 25-35
>About eight million landlords who own between one and 10 properties accounting for half the nation’s rental properties. Financial duress will come swiftly for those carrying multiple mortgages.
>As many as 30% of Americans with home loans, or some 15 million households, could default if the nation’s economy remains closed up through the summer.
>Immigration has been halted due to the virus.
>Interest rates are already near 0 and can't really go much lower.
>JPMorgan has bumped its loan requirements to 20% down and 700 credit score.
>The jumbo mortgage market is disappearing.
>List prices are already down 6% in april according to redfin.

>>18649337
Well its not going to crash today, because there is 0 market activity right now.
You need to wait a few months.
>No one is buying
>Massive unemployment
>Brick and mortar retail and small businesses are going bankrupt.
>1/3 of rent is not being paid
>No one is using airbnb
>Flippers are sitting on empty properties.
>There are more than nine million second homes in the U.S. that may or may not be financially viable given the depth of the current recession.
>1 trillion dollars in student loan debt among ages 25-35
>About eight million landlords who own between one and 10 properties accounting for half the nation’s rental properties. Financial duress will come swiftly for those carrying multiple mortgages.
>As many as 30% of Americans with home loans, or some 15 million households, could default if the nation’s economy remains closed up through the summer.
>Immigration has been halted due to the virus.
>Interest rates are already near 0 and can't really go much lower.
>JPMorgan has bumped its loan requirements to 20% down and 700 credit score.
>The jumbo mortgage market is disappearing.
>list prices are already down 6% in april

>>18604636
No one is buying or selling right now. So there are no indicators to show that the prices are going down. Real estate agents, and brokers, and anyone else who has a bested interest in keeping prices high, will keep writing fluff piece articles about how real estate is immune to the downturn we are in. You wont see any real news until the economy opens back up. The market will tank 20% to 40% by the end of the year.

>No one is buying
>Massive unemployment
>Brick and mortar retail and small businesses are going bankrupt.
>1/3 of rent is not being paid
>No one is using airbnb
>Flippers are sitting on empty properties.
>There are more than nine million second homes in the U.S. that may or may not be financially viable given the depth of the current recession.
>Next generation of potential buyers can't buy, due to 1 trillion dollars in student loan debt among ages 25-35.
>About eight million landlords who own between one and 10 properties accounting for half the nation’s rental properties. Financial duress will come swiftly for those carrying multiple mortgages.
>As many as 30% of Americans with home loans, or some 15 million households, could default if the nation’s economy remains closed up through the summer.
>Immigration has been halted due to the virus.
>Interest rates are already near 0 and can't really go much lower.
>JPMorgan has bumped its loan requirements to 20% down and 700 credit score.
>The jumbo mortgage market is disappearing.
>list prices are already down 6% in april

>>18588444

>No one is buying
>Massive unemployment
>Brick and mortar retail and small businesses are going bankrupt.
>1/3 of rent is not being paid
>No one is using airbnb
>Flippers are sitting on empty properties.
>There are more than nine million second homes in the U.S. that may or may not be financially viable given the depth of the current recession.
>About eight million landlords who own between one and 10 properties accounting for half the nation’s rental properties. Financial duress will come swiftly for those carrying multiple mortgages.
>As many as 30% of Americans with home loans, or some 15 million households, could default if the nation’s economy remains closed up through the summer.
>Illigal immigration has been halted from the virus.
>Interest rates are already near 0 and can't really go much lower.
>JPMorgan has bumped its loan requirements to 20% down and 700 credit score.
>The jumbo mortgage market is disappearing.
>list prices are already down 6% in april

>>18413597

1)Covid-19 is causing immigration to grind to a halt.
2)Fed rates are already at near 0. They are running out of bullets. How much lower can the rates really go?
3)There will be inflation from the bailouts, but will it be enough to counter everything else going on?
4) Companies eant to buy low. Now that the crash is happening, they will let prices drop before reinvesting.
5) china has stopped buying in the US. All the foreign countries are experiancing the same depression / recession. No one is buying right now.

Does anyone know what's going on?

There are shills on one side that claim the whole market is collapsing. Then, there are shills on the otherside saying that home values are still going up.

>California home values are a "bubble", and about to pop:
https://www.ocregister.com/bubble-watch-california-home-prices-cant-dodge-coronavirus-job-cuts

>California is "Sustainable":
https://www.ocregister.com/bubble-watch-coronavirus-may-clobber-overvalued-housing-markets

The entire Unites States housing market is a huge bubble. Except for California. Only California home values are priced correctly. If you live outside of California, you need to sell your home and immediately move to California. If you don't, then you risk losing ALL of your equity.

https://www.ocregister.com/bubble-watch-coronavirus-may-clobber-overvalued-housing-markets