/biz/ - Business & Finance

>>13770344
Hell no, it's going to crash hard within two years.

only buy real estate if you plan to hold for 10+ years, then you dont have to worry about if its gonna crash soon

>>13770555
This
>>13770344
Just be sure that its an income generating
property (no shit i know) but just buying real estate to hold and hope the price goes up is an absolute waste and you will get burned as we are getting to the top of the market. Its worth to buy even right now if you can be revenue positive on it. all depends on credit and down payment which discern your monthly payment and as long as you're cash flow positive then you are building equity over the 10 years while the market is down with a bit on the side for yourself. Then you can refinance into more cash flow generating properties.

>>13770368
What market signs indicate this?

>>13770627
Do you believe we'll experience another market crash soon like the above anon said?

>>13770344
A lot of people will tell you no because we haven't seen a crash in a very long time, but the truth is no one knows. Iy's difficult to say how much of the FUD already is priced in.

I just bought a cheap af house that I can pay off within 10 years (I'll have to budget). It needs some work, mostly cosmetic and I'm making it look nice. So by the time I need something bigger, I'll have upgraded the every living piss out of it and should fetch a much better price than what I paid for it.

>>13770344
It depends on where you want to buy.
Basically anything in the English speaking parts of the world is a big no.
New Zealand or Ireland might be okay.

>>13770344
last time real estate was a decent investment was like 2002

>>13770344
A lot of people will tell you no because we haven't seen a crash in a very long time, but the truth is no one knows. The problem is that everyone "knows" that a correction/crash is due. The risk might already have been priced in.

>>13770344

land is a safe way to store value long term because> money, because >economy, whatever currency takes over, you will be able to exchange your land for it

>>13770649
>signs
https://wolfstreet.com/2019/05/21/us-home-sales-drop-drop-drop-despite-lower-mortgage-rates-but-mortgage-applications-jump-what-gives/

And by English speaking, I mean anything where it's the primary language.
Parts of South America might be worth it. Chile maybe. Nordic countries are looking good too.

>>13770344
Not in California or Newyork. They are due for a crash

the coastal areas are in a bit of a bubble but pretty much the whole area inbetween the coastal areas besides maybe colorado is still cheap and definitely not in a bubble. all depends where you're looking

>>13770681
> ireland
Currently mutting itself with a passion. You haven't seen the definition of '99% white progressive anti-racists' until you visit ireland.

It's so sad seeing them act like they have no culture or unique character. I've visited just about every year for 2 decades and it's a beautiful place. It's going to be any old globohomo zogpit soon.

>>13771036
>1 agey poo id
fucking kek the ancient pajeet has spoken

>>13771036
that id

>>13771103
> micks
> white

For the next crash how much will the average home price deflate?

>>13771120
In fairness i mostly visit the north where the genes are an irish, scottish, english mix. I mostly don't interact with southern "black irish".

>>13771105
my sides

>>13771144
Fair enough

>>13771036
Lmfao that's the best ID I've ever seen
>>13771105
KEK

>>13770344
Real estate is a generational market, moves and money are made in over a period of years.

That said, every boomer couple who worked since 1960 has multiple families and they plan on selling them for retirement OR gifting them to their children as inheritance (more common).

The likelihood of millions of millennials suddenly becoming cash rich enough to afford $120k+ down payments is slim. Also factor in that children (age 49 average today) who inherit these homes will not be living in them, they already are way into middle age and have bought homes. So that leaves two scenarios

A massive dump of 1960s - 2000s homes so the children can get a nice $400k lump sum (avg)

Or these children will rent out or otherwise contract a company to rent out these properties.

>>13770368
you wish zoomer retard

>>13771229
>That said, every boomer couple who worked since 1960 has multiple properties
..

>>13770649
The thing about real estate crashes is that they are localized, even in 2007 the westcoast only took a small burp in the bubble without popping and the prices have only continued to rise for a number of reasons. The market is cyclical and crashes every 10-20 years, but housing can be pretty unaffected if the area in question is not inflated and even where it is the bubbles can be sustained depending on if there is demand. This demand can also be artificially created by banks who do not want homes in certain neighborhoods to devalue and will actually buy properties from homeowners above already inflated prices in order to avoid foreclosure and the rest of the houses in the area dropping in value. It honestly dosent matter when the crash is as long as the property is generating more income then the monthly payment.

Long way of saying it dosent really mater when the general crash is as long as you can pull rent at a high enough rate and the area is in demand.

>>13771091
The sad part is my dad bought in at "bargain cheap" at 350k a decade ago in the shithole 909.

Now its worth low 500's...but that doesn't even cover the property taxes. I'm sure that boomer retard has re-fi'ed by now, as he always does every 5 years for trips and shit.

It's going to be a bloodbath, and they're not even that much overinflated technically. Although I still dont get the HOUSE IS AN APPRECIATING ASSET meme. GD Js.

>>13771229
Both scenarios are happening simultaneously and mutually effect each other in the market. If you cant get a decent rent, the place is sold. If you can get a decent rent it is kept until you cannot and the place is sold, but the more places that are sold makes rent higher and the more places that are rented in a neighborhood makes the price increase, and makes selling outright more favorable.

The magic of self regulating markets ensure that real estate never dumps unless the location itself becomes unfavorable and vice versa.

>>13771312
As long as the local economy is robust a house will always go up in price over time. thats why its an appreciating asset. but they key is, as always, location location location.

>>13771322
> unless the location itself becomes unfavorable
Never been to Newer Mexico?

>>13771362
and with any luck i never will

>>13771340
The first world's job market is tanking as a whole, wages have been stagnant since the 70's. You either have no real world experience because you dont go outside, or you're one of the kikes behind this.

Physical buildings dont age well. hurr durr >the land...but you dont, and wont, ever own the land

>>13771403
>mfw my house has already appreciated 200% in 15 years.
good luck in new shitico tho

>>13771403

My folks bought their 2000sq ft townhome in 2000 for $180, just sold for $350.

Homes definitely appreciate if you aren't buying in a run down nig area or an area that is likely to be invaded by people from there. It's just a matter of how bad the town/county property tax is regarding how much money you can actually make.

>>13771430
When will i know to buy, and how much should i have saved up for a down payment? Washington here.

>>13770692
>Priced in
How can you price in the everything bubble exactly?
Shits hitting the fan and we’ve already seen the big fuck off warning red arrow that is the yield curve inversion in treasuries that has magically foretold all previous recessions. Boomer QE money will desperately hold on however until it all goes pop.
Real estate will be one of the major casualties that has been a favourite of the boomer excess money. The Fed has backed itself in a corner, it can’t raise rates any higher because all other countries will struggle to repay national debt and people have been maxed out at ‘emergency’ low levels with loans and mortgages. They can’t lower the rates because of inflation going out of control and they’ve already used that trick in the toolbox. A global recession is coming, buy PMs, crypto and reflation stocks now and enjoy the ride.

>>13771549
The day those stock fiends start hanging themselves and the crypto skyrockets. WAshington is a bitch because of the massive property taxes but if you can get a decent house on the west side it should be cash money. A lot of peole in washington, namely the amazon bois are going for the zero money down craze with 3000 a month payments and that scares me. I would try to get multi family housing just because it scales well with rents but they are rare and usually gobbled up quickly. In terms of down payments it all depends on your credit and if its a rental or primary housing.

either way western washington is in a bubble, and the traffic is horrendous but if you dont need to commute to big tech i would get something further south along the 405 corridor if you can find work there but that commune is hell.

I wouldnt buy in washington imho

>>13771430
My house has gone from 190k to 250k in 3 years.

>>13771312
as long as they keep flodding the US with immigrants house prices will keep going up. supply and demand brah.

>>13771628
Based and very helpful, thank you anon.

>>13771645
> the browns will be buying your house
Nah. They just devalue and buy it for cheap when the district has become a ghetto.

If you want increasing house value consider demographics. My house has skyrocketed in value because mass amounts of chinese and their investment have been coming to the city.

>>13771633
Good stuff my dude
>>13771652
Good speed anon, its a crazy state but if you got the cash its a great place

>>13771430
>>13771483
I'm not confused as to why houses "appreciate", i'm saying in a completely logical sense that a 1960's asbestos and lead 3/1 SHOULDN'T be worth 5x, after inflation.

>>13771483
If they paid anything under 2.6k a year in taxes they broke even. Congrats them.

>>13771681
wtf i love based chinks now

>>13771710
They're not a bad metric to consider. They unashamedly avoid highly brown areas, they throw cash about on property and they only lower crime and unfavourable business rates. A highly Chinese area might become a bit soulless but it won't be full on betting shops, drug addicts (Chinese don't give them a cent), and none white crime.

>>13771769
>betting shops
Have you actually met a Chinese person?

>>13771707
What should be and what is are sometimes fucked. If you can even sell it with asbestos I would try to get out ASAP before the hordes come and it worth nothing like >>13771681 said. On the bright side when that happens you could probably rent for 30 pesos and a chicken a month.

>>13771726
This is when fortunes are made and lost, i, not a big coin guy but i hope everyone has at least a little crypto so we all turn out at least ok.

>>13770344

>>13771769
*I'll add that any community work comes down entirely to you though. We have two problems: a student house nearby and a car of black drug dealers who blast music cruising at 4am. I'm the sole person on the block who ever goes out to shout at either despite being the furthest away.

I'll always walk past houses of the chinese staring out the windows helplessly, even next door but it comes down to me to walk 3 minutes down the block to get people to shut up.

>>13771809
Ok maybe they love betting but as far as I've seen it's not in your sports bet shops or depressing slot machine arcades. It must be contained in casinos or their own subtle businesses.

>>13771825
I have some Chinese friends and I've noticed that too, very non-confrontational, passive aggressive too.

>>13771838
I did some work at a place where they play Go and have multi million dollar bets placed multiple times every day. Second story of a print shop, dinky little building, never would have guessed that millions were changing hands every few hours. but i guess someone did because it got shot up and robbed one day.

>>13771851
It's a shame. I appreciate them as neighbours so hate to see arabs or blacks pushing them around.