/biz/ - Business & Finance

Rent with roommates, allocate a reasonable percentage of your net worth into REITs.

>>13255259
not living with other people, it's out of the question. i realistically want to know when the damn housing market is going to crash

>>13255312
Well retiring/dying Boomers (~3.5m/yr) are mostly canceled out by mass immigration (1m/yr legal, 1 m/yr illegal) and the next recession will cause the Fed to restart QE and slash interest rates. Boomers also vote and housing constitutes a large fraction of their net worth, so they're second in line for bailouts after banks.

Which means a first pass answer is "never". The housing market will never crash. Sorry.

>>13255312
Don't you have friends? A sibling, perhaps? I've been renting with my younger brother for a year now and it's worked well.

can't be predicted. just make more money and save more money and if you're LUCKY the housing market will crash and you can buy low.

>>13255105
be thankful you live in a part of the country where you can find decent 125k houses. burned out crack dens in my part of the world cost more then that due to inflated value of land. housing isn't an investment despite what boomers say. it's a quality of life upgrade and the freedom that comes from owning the space you live in. I am sick of boomies and financial advisors from the 1970s-80s like richdadpoordad chink talking about buying property as a means to early retirement.

>>13255355
yes to both but i prefer to live alone, and that's that. maybe i'll rent a room out to people after awhile

>>13255363
fuck

>>13255447
>i am sick of boomies and financial advisors from the 1970s-80s like richdadpoordad chink talking about buying property as a means to early retirement.
i hear that all the time. all of detroit (where i live) is like this. the nice areas are greatly inflated due to investors and the shit areas are quite literally dilapidated shacks with any valuable infrastructure such as copper wiring/pipes looted by niggers

>>13255105
the bottom. did you even look at your pic? give it 18 months

>>13255105
You aren't
Wake up

Few years after the next recession has started. Don't put any money down on one yet, this is literally the worst fucking time to buy a home no matter what country you live in.
Just wait till we're at the bottom and then get one for half the price of what they're now. This market doesn't exactly move that fast so there's plenty of time to jump in at the right time.

>>13255259
What kind of normie rents with roommates, disgusting

>>13256319
>wake up sheeple!
cute. I remember this phase

>>13256243
my fear is that it just keeps rising and establishes a new bottom for some reason. idk

>>13256423
probably what i'll do

>>13256423
how much time do i have to scrape 100k together by then?

>>13256423
>few years
>wait until you're 30 to move out of your parents house

>>13256423
>Few years after the next recession has started
>Few years until the recession kicks in
>Few years
>Waiting since 2010
>Few more years
>Soon the recession will kick in and then a few years left
Ok