/biz/ - Business & Finance

>>51612532
it does

> paid $45K over asking for house in 2011 ($240K) and house is now valued at $670K. Mortgage is $1,650 and house is now rented out at $3,200K per month
> paid $70K over asking for a house in April 2021 ($410K) and house is now valued at $540K. Mortgage is $1,600 per month
> BOTH mortgages are paid from my rental income
>>51514048
>>51514081
RETARDS still not grasping the concept of money supply, inflation and housing market that has only had a -20% drop in the last 93 years will continue to remain RENTKEKS or BASEMENT DWELLERS until they eventually pay way more than the prices they are laughing at.

>>51134828
>>51137257
there is always a shortage of houses in areas in safe areas with jobs and good schools. you get a house in those areas and housing only goes up because money supply inflates like crazy. high incomes go up higher. even overall, housing has only gone up because money supply only goes up

House prices went up for 20 fucking years during 1970 to 1990 and it was only a slight dip. 20 fucking years during a high inflation period while interest rate sky rocketed to 18%. If you ignore the slight dip in 1990-1991 it actually pretty much kept going up until 2006/07 and even that 20% dip recovered in a few years and 2006/07 prices looked dirt cheap in a few years. In the past 90 years we have had 20% crash once.

> Year |Increase| Interest Rate
> 1971 | 6.69% | 7.54%
> 1972 | 14.51% | 7.38%
> 1973 | 16.44% | 8.04
> 1974 | 9.41% | 9.19%
> 1975 | 10.75% | 9.05%
> 1976 | 10.44% | 8.87%
> 1977 | 13.41% | 8.85%
> 1978 | 14.34% | 9.64%
> 1979 | 6.10% | 11.20%
> 1980 | 6.07% | 13.74%
> 1981 | 6.02% | 16.64%
> 1982 | 1.70% | 16.04%
> 1983 | 6.01% | 13.24%
> 1984 | 5.27% | 13.88%
> 1985 | 8.64% | 12.43%
> 1986 | 9.45% | 10.19%
> 1987 |17.37% | 10.21%
> 1988 | 2.15% | 10.34%
> 1989 | 9.57% | 10.32%

>>50801009
>>50801363
>>50801389
>>50801819
Housing only goes up. House prices went up for 20 fucking years during 1970 to 1990 and it was only a slight dip. 20 fucking years during a high inflation period while interest rate sky rocketed to 18%. If you ignore the slight dip in 1990-1991 it actually pretty much kept going up until 2006/07 and even that 20% dip recovered in a few years and 2006/07 prices looked dirt cheap in a few years. In the past EIGHTY years we have had 20% crash ONCE.
> Year |Increase| Interest Rate
> 1971 | 6.69% | 7.54%
> 1972 | 14.51% | 7.38%
> 1973 | 16.44% | 8.04
> 1974 | 9.41% | 9.19%
> 1975 | 10.75% | 9.05%
> 1976 | 10.44% | 8.87%
> 1977 | 13.41% | 8.85%
> 1978 | 14.34% | 9.64%
> 1979 | 6.10% | 11.20%
> 1980 | 6.07% | 13.74%
> 1981 | 6.02% | 16.64%
> 1982 | 1.70% | 16.04%
> 1983 | 6.01% | 13.24%
> 1984 | 5.27% | 13.88%
> 1985 | 8.64% | 12.43%
> 1986 | 9.45% | 10.19%
> 1987 |17.37% | 10.21%
> 1988 | 2.15% | 10.34%
> 1989 | 9.57% | 10.32%

>>50113272
>>50112866
> 2008
ONE -20% Housing Market "CRASH" in 90 years. Just pay more for rent every year anon, housing is going to crash. Inflation is going to crash housing, interest rates are going to crash housing.
> Year |Increase| Interest Rate
> 1971 | 6.69% | 7.54%
> 1972 | 14.51% | 7.38%
> 1973 | 16.44% | 8.04
> 1974 | 9.41% | 9.19%
> 1975 | 10.75% | 9.05%
> 1976 | 10.44% | 8.87%
> 1977 | 13.41% | 8.85%
> 1978 | 14.34% | 9.64%
> 1979 | 6.10% | 11.20%
> 1980 | 6.07% | 13.74%
> 1981 | 6.02% | 16.64%
> 1982 | 1.70% | 16.04%
> 1983 | 6.01% | 13.24%
> 1984 | 5.27% | 13.88%
> 1985 | 8.64% | 12.43%
> 1986 | 9.45% | 10.19%
> 1987 |17.37% | 10.21%
> 1988 | 2.15% | 10.34%
> 1989 | 9.57% | 10.32%