/biz/ - Business & Finance

>>10001936
YEAH NO SHIT FUCK U

>buying at the ATH in the housing market

never change /biz/

>>10001971

"Houses will cra a sh any day now"

said the increasingly nervous renter as his land lord increases his rent for the 5th year

>>10002019
>"Houses will cra a sh any day now"

>said the increasingly nervous renter as his land lord increases his rent for the 5th year

said the increasingly nervous boomer as the fed increases the interest rate for the first time in a decade with 2 more coming before EOY

>>10002350
my boomr father is selling his house because he thinks its selling high

>>10002350
But this time the market is crashing for real!!!

>>10001936
>>10000970

Lol no thanks boomer, not retarded. Enjoy your mortgage bags.

>>10001936
why do you need land in an urban area? are you a wagecuck who enjoys paying off a mortgage for the rest of your usefull life?

>>10001936
imagine being op where you legitimately come to an anonymous website to brag about financing a 1.5mil house

op prob is a bureaucrat too. Fucking lel

>>10002350
You dont know how interest rates work, stop posting

>>10001936

wtf i clicked this link and now my links are gone?

>>10002548

large backyard for kids/dogs. Sorry you wouldn't understand as you won't breed

>>10002555

nope work in tech

>>10002596
check em

lmfao you work in tech and you can only afford a 1.5mil house? holy shit

>houseprices rise 5% a year
>loan interest is 2%
>wow free money!!!
>...
guess what happens next motherfucker

https://www.zillow.com/homedetails/6541-Placid-St-Falls-Church-VA-22043/51781585_zpid/

hope this isn't your house OP. Pending makes sense, but the price doesn't match to the 1.5 mil. Either way, I'm going to find your house with the info you posted

>>10002642

I make more money and you fags are priced out?

>>10002721
Hah
now go watch "the big short"

>>10002737

heh, i bet you think you are so smart for watching a movie

>>10002762
said movie happens to attempt to recreate reality

>>10002590
I was under the impression when interest rates rise it increases the monthly payment on potential mortgages, which typically are used for around 80% of the purchase price of a property, often times more. When interest rates rise, all else equal, the monthly payment at a given price for a piece of property will be larger. Either people can come up with the extra money from somewhere to support the price levels seen in the market under the previous rate environment, or they will be able to afford it only at a lower entry price. I think I understand interest rates quite well actually, it's people like yourself that are going to get fucked hard, you fucking brainlet.

>>10002762
op you didnt confirm if this is your house or not? ?
https://www.zillow.com/homedetails/6541-Placid-St-Falls-Church-VA-22043/51781585_zpid/
https://www.zillow.com/homedetails/6541-Placid-St-Falls-Church-VA-22043/51781585_zpid/
https://www.zillow.com/homedetails/6541-Placid-St-Falls-Church-VA-22043/51781585_zpid/

>>10002819

that only matters in a normal housing market, but extreme markets with low inventories like the bay area and soon to be the suburbs of DC and amazon and apple both move in

>>10002820
lol

>>10002820
OP BTFO

>>10002888
checked

lol Nova

>>10002820
kek

>>10002820
>>10002897
>>10002906

because I am totally going to post my own home on here, you dumb autists

>>10002968
>location matches
>using same pics without watermarks from zillow
>house is pending being sold
>only difference is it says 1.6mil on zillow not 1.5mil

OP getting nervous

>>10003006

keep believe in what you want to believe. What are you going to do if i do live there?

>>10002820

>>10003026

>>10003026
ahhh capitulation
I live about an hour away, I might drive over and take a taco bell shit on your driveway

>>10003041
>house has appreciated 137% in four years

T-this is totally sustainable guys

Buy high sell low, never change biz

>>10003082

just stop your retardation is showing

>>10003026

For being in tech you sure aren’t good at browsing the internet lel better watch what you say now mr braggart

>>10003121

ohhh i am so scared.

>>10003082
I mean, you don't know if there was substantial rehab on the property which I am assuming there was.

>>10003096
I-I swear my bags aren't heavy at all ...

>>10003146
>built in 2015
>is a cookie cutter house

https://www.zillow.com/homedetails/6541-Placid-St-Falls-Church-VA-22043/51781585_zpid/

>>10003137

>daring strangers on 4chan to not fuck with you

>>10003153

being this retarded he can't even understand how to look at property transactions. Still defending his retardation. Typical crytotard

>>10003170
guys guys I swear theres no housing bubble please buy my bags

>>10001936
>near a big urban center
Enjoy being enriched by niggers who will target you because of your apparent wealth (although in reality you'll be living paycheck to paycheck carrying that mortgage for your wife and spawn). Urban - work apartments. Rural - thats where you get a big house and truly make it your castle.

>>10003237
we should just frame op as being a racist kkk guy and post his shit all over worldstar or something

@op once the transaction goes through I'll have your full dox and go from there. email/call your work. say you were posting on /pol/ racist stuff

easy

>>10003274
Inb4 op ends up on cnn

>>10003274

>He thinks I work for others
Top fucking kek, no wonder you are all so poor

>>10003137
The left rifle seems to miss stn

>>10003237

>rural
Hundreds of miles from wholefoods, Michelin star restaurants. No thanks

Enjoy your "land" before the 3rd world war deletes your rights to own anything.

>>10003315
>he think's he'll get clients by being a racist

>>10003137
>>/biz/thread/9952593#p9952687
OP is a faggot confirmed

>>10003383
>>>/biz/thread/9952593#p9952687
HAHA IT IS HIS HOUSE

>>10001936
ACKCUHALLY

i did at the bottom of the market in 2011.

own a 2500 sqft home in washington on .5 acres with a detached 2 car garage.

right on the edge of town on a dead end street. walking distance from downtown.

Bought for 150k TOPKEK

feels good to be sitting on 200k in equity

>>10001936
>https://imgur.com/a/OOFwTkE
>Falls church Virgina
>wanting to live around nothing but Ethiopians

yeah no thanks

>>10003137
>>10003443
>>10003383
can you be any more of a boomer?
I'm going to stop by tomorrow

you will be able to tell somebody visited, trust me

>>10003274

Lets rek him for being arrogant on our lithuanian onion peeling forum

>>10003369

right because we are totally going to get a 3rd world war, and not just further wealth concentration so the poor is moved off into reservations while the rich are guarded by robots.

>>10003482
this. I can't find his dox yet though, once the purchase goes through that'll be public. Might have to call the county to find out but it should be easy enough information to gather

Or we could call this person, ask whose buying, explain to them that they're a racist posting on a lithuanian onion forum

>>10003164
yeah that 670k was for the land before the actual house was built Id guess

>>10003535

>wow gee I wouldn't want to sell my home to a RACIST...I should reconsider our deal...

we might be able to actually ruin OP's entire real estate venture

>>10003535

Hahahaha omg OP you are buying boomer bags and then coming on here to brag to us about it? Get ur head checked m8

>>10002548
The same reason people buy iPhones as a status symbol.

>>10002590
Yes, I'm sure fewer buyers on the market will drive those prices right up.

we could send a screenshot of him threatening people on the internet with his assault rifle, to the realtors

>>10001936
>>>>/biz/thread/9952593#p9952687
I will be sending pizza's, already made an appointment in my calendar.

You know its me, because I order them under the name F. Boomer

>>10001936
>>10002019
>>10002596
>>10002721
>>10002762
>>10002887
>>10002968
>>10003026
>>10003096
>>10003137
>>10003170
>>10003513
wtf I love being an insecure retard now?

op was a big boy until everyone called him out ?? what happened OP?

>>10003690
he probably fled to reddit so everyone else buying houses for 2-3x more than they are actually worth will stroke his dick

>>10003690

i don't really give a shit about you internet autists. I am on K looking into what optics to buy for my KAC

>>10001936
The writing style of this OP seems to match that of the OP of this thread: >>10000970

>>10003724
>i don't really give a shit about you internet autists
>opened the thread
>13 posts by this id

>>10003738
>is also being passive aggressive by mentioning he's looking for attachments for his guns

>>10001936
i recently bought 4000 acres in the oregon backlands that, according to my research, lies on top of the 5th largest aquifer in the northern hemisphere

now all I have to do is wait

I'm trying to find the info for the home owners association in the area. I will forward the information to them about an unhinged guy who posts on the racist 4chan.org website moving into their neighborhood with his guns.

>>10003767
based and this new fags is why u never post personal information or anything remotely close

>>10003738
not only that, he's made multiple threads about the same purchase already

>>10003830
imagine being an insecure tsundere attentionwhore looking for validation on a indonesian basket weaving outpost

>>10003767

previous owner was a big gun ownership as well in fact i bought his gun safe to save him having to move it. In fact we are going shooting at the NRA range next weekend.

>>10003855
irrelevant due to you being unhinged and posting how you want to "shoot niggers"

>>10003875

when did i say that?

>>10003912

>>10003937
kek

>>10003937
how deep does the rabbit hole really go

>>10003796

go ahead, hassle the guy who bought that house. I don't give a fuck, because its not me :)

>>10003999
> :)
the absolute state

>>10004003

do it you faggot

>>10004030
>bought a 1.6mil house in the other thread
>getting this defensive

There was some doubt with the disparity between 1.5 and 1.6 but you confirmed that it's the correct house in the other thread.

Fucking retarded "tech" boomer

>>10004030
>he's still replying to posts after he's been called out on a taiwanese skateboarding image forum

>>10004030

>>10003999
yeah but he knows who you are, and now he knows you post on racist hate speech spewing 4chan

now your future HOA does too after the email I sent

good luck buddy, I don't usually fuck with people like this but you were asking for it

>>10004048

of course, there is no way I could lead some 4chan autists to the address of someone relative senior in the FBI/NSA/CIA. :)

>>10004075
>that 30 years old boomer who nervously keeps backpedaling

>>10004075

>>10002518
This kek

>>10004075
I-I was just playing 4-4d c-chest

HAHA YOU'RE THIS DEFENSIVE

We can look up the current owner on social media/facebook. It's not a bureaucrat you retard

>>10004101

implying I am playing 4d, when I am on 5d. Not the seller, the buyer you dumbass

>>10004130

@(ID: 0+pX8C+M)

You millennials are so blind the housing market will go up forever as the population is rapidly increasing

>>10004130
Kek we know it's your house, just be a man and take it.

We will find out that you (boomer) bought it, we will know what your profession is.

We will find out who your GF is

You better start explaining to her already

bump

>>10004130
nigga just stop feeding the autists

>>10004191
I totally didn't pick the crypto board to find the most naive and low IQ demographic for a reason

>>10004225
>I don't give a shit about this thread! I swear!

>>10004225

>>10002820

OP what do you do in tech that pays the ~400k salary required to responsibly afford a property like this, or did you make this money from crypto investing I presume? Or maybe you’re married to someone who makes a decent salary and combine incomes? I’m baffled at how normal working people except for high powered doctors and lawyers can afford shit like this without at least one stroke of dumb luck in their lives, ie they 100x in crypto or boomer parents leave them a large inheritance.

>>10004322

Nevermind you would actually need a 500k+ income assuming we follow 3x your annual income rule. OP must have hit the jackpot or have rich boomer parents as most DC area tech jobs top out at 200k

>>10001936
>https://imgur.com/a/OOFwTkE

>dropping $10k a month on a house.

just lol @ you debt cucks.

>>10004322
or maybe he's not >responsibly affording it and going all in just before the market crashes
just like normalfags with BTC anyway

Fucking lol @ OP doxxing himself

>>10004225
Kek then you don't mind we send messages to your neighbourhood through nextdoor.com

>>10004414

go for it

>>10004440
once the purchase goes through and the info is public we'll dox you op

>>10004453

absolutely quivering right now.

somebody fucking screencap this thread

>>10004506
he did buy at a 137% increase

buy high, foreclosed on low

>>10004261
sums up the thread pretty well

>>10003345
Oh I remember you. You were that faggot who bragged in the past week or so about buying a mcmansion in NOVA to sell when Amazon made a new HQ in the vicinity. You should really try and be less predictable in your sentence structure and vocabulary. You also used the same picture twice.

>implying there are any houses or land to buy

>>10004373

implying i give a shit once you all off yourself next week when bitcoin hits 4k

>>10002819
Your initial impression is correct. When interest rates rise people will have to pay more per month for borrowing the amount owing on their new mortgage. However, it is incorrect that you assume people cannot easily come up with the money to maintain the same monthly payments with the new interest rates. Homeowners can simply increase the amortization term on their mortgage to cover any increase of mortgage payments due to interest rates thereby effectively covering the increased cost. The chance of foreclosing due to interest rate rises is minimal.

>>10003345
>Hundreds of miles from wholefoods

>>10004630
>boomer cope

>>10004751
coping for what? having money, a house , cars, wife/kids and not falling for internet monopoly money?

>>10004772

>>10004772

>"Buy" a house
>Have to pay property taxes for life or it gets taken from you
>Government can raise your property taxes at any time

Whether you buy or rent, you never really own it anyway.

>>10004772
>that boomer who doxxes himself bragging about his 1.5mil cuckshed

>>10004637
It's not about people who already have mortgages not being able to pay, many of them have very low fixed rates locked in. It's a matter of new sales happening with higher interest rates in place. All else equal a rate rise will make these have lower prices than if rates were not increased. Wage growth counteracts this, but compared to 10 years of low rates with no movement it's hard to tell how much. Even small increases could have a big effect at this level. This is not an issue if you already have a fixed rate mortgage you can afford and want to stay where you are, but the market value of your home is based off the current market.

>>10004772
cope

>>10005326
Hahahaha you can't make this shit up! I'm proud of you guys... Draining the biz swamp!

>hmm this thread could seem mildly interesting
>sees OP has 24 posts
>nevermind, proceeds to hide thread after posting once

>>10003026
Lmaoooooo

look at the screenshot I just took
I mean really, fucking look at it
you have the dot com bubble pop in there
you have the housing bubble pop in there
look where we are now
he bought right fucking now
lmfao

>>10006053
>he bought?

>>10002381
I also have a few friends who are looking into remodeling their kitchens, bathrooms, and other small areas. Then selling it because its "almost double to when i bought it."

>>10003026

HAHAHHAA

Fuck, how do dumb asses like this have more money than me?

>>10003137

No one's going to fuck with you. We're too lazy, and most channers are nice people. Don't post real pics again, dumb ass.

>>10003345

I take it back. I hope you get a few visits.

>>10003752
>>10003738
>>10003830

Fuck, boys. It sure sounds like OP is a faggot.

>>10003661
I vote for chad Norman.

>>10003999
Bahahaha

You scared bitch. I was part of the team that fixed this cunt. Let’s go boys

>I’ll ill shoot you...just kidding I don’t live here.

You fool you endangered your family. Well take that very sincere apology now.

>>10001936
god bless this bear market, I hope more idiots like OP come to biz. so much better than pajeets shilling

Holy fuck this thread is gold. OP just stop posting you fucked up big time.

>>10006873
He already called the cops and shut his lap top with a mighty clap.

He’s peeking through his blinds and having a fucking anxiety attack.

>don’t swat a beehive nigger