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/biz/ - Business & Finance

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10848385 No.10848385 [Reply] [Original]

YOU WILL NEVER BUY A HOUSE. https://www.thebalance.com/is-the-real-estate-market-going-to-crash-4153139

>> No.10848389

I already bought a house

>> No.10848390

>>10848385
>Wanting a house full of empty rooms gathering dust

>> No.10848416
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10848416

>>10848385
Press f to spit on zoomer's grave

>> No.10848426

>>10848385
Why would the real estate market crash when the population is trending upwards? Demand far outpaces supply.

>> No.10848451
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10848451

>>10848426
Simple. The "supply" cannot afford the current inflated price of a home. Thus leading to a huge crash about 2 decades from now. Full of depreciation and desperate buyers

>> No.10848454

>>10848426
People arent just put into houses. It costs money to pay off rents and mortgages you know.

>> No.10848462

>>10848451
>The "supply" cannot afford the current inflated price of a home.

Evidently that's not the case when shacks are being sold for millions in California m8.

>> No.10848497

>>10848462
This. What is actually the demand can get the money through cheap leverage, affordability has literally nothing to do with it given that real estate is a sure thing, it is actually the reverse where you cannot afford to not invest in property or (((they))) will merely price you out of the market entirely by spending more and more money on all of the homes.

>> No.10848510
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10848510

>>10848497
Ok. So in other words you will not be able to afford a house ever. K thanks.

>> No.10848522
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10848522

>>10848385

>sleeping in a room of a house I bought

>> No.10848540
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10848540

>>10848497
Do not worry, this is not a bubble.
Just a 5% down payment and the house is yours white man! insolvency rate rising? NO NO NO DON'T LISTEN
BUY WITH 0% DOWN GOY

>> No.10848855
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10848855

>>10848540
Thanks Mr. Shekelstien... I knew you'd help us out ..

>> No.10848876

Wait for crash it's sub 3 years most residential 60-80% off for 2-3mo. You WILL NEED either cash cash or Bitcoin. Be ready.

>> No.10848878

The housing market will dip.

There will be a million articles how real estate can only go up, etc because there is a fucking shitload of money invested in real estate and minimal "shorts". Realtors, construction, and every home owner on earth is incentive to pump up the market.

A month before housing crash in 2007 started there was endless talk how the bubble would never pop and only up was possible. It was all from the same interests in selling homes/making money off it.

Home sales and prices will come down.

>> No.10849024

>>10848878
they might go down by 20-30% from their high (which they haven't reached yet)... down 80% means that you could pick up a half million dollar home for 100K. Not happening, sorry!

unless you have 200K-300K liquid in the next 5 years, don't hold your breath. if your down payment is forever out of reach because you don't save money at an appropriate rate, the housing market shouldn't matter to you

>> No.10849089
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10849089

>>10848385
you say we will never buy a house
article says price will crash making it easier to buy house

which one is it op?

>> No.10849633

>>10848385
>YOU WILL NEVER BUY A HOUSE
I unironically followed that articles advice.
i got the cheapest house in an excellent neighborhood.
house was listed at 450K, got it for 315k.
have 4 roommates to offset mortgage

>> No.10850282

>>10848385
The value of physical things is falling....... what ever will we turn too

>> No.10850923

>>10848462
>california as a model for the rest of the country
cmon man.

>> No.10851794

>>10850282
Yoga

>> No.10851968

>>10849633
This is unironically my 5 year financial plan while i go to grad school. I'll rent out this house when i graduate and use it as leverage to buy another wherever my newly minted PhD leads me.