/biz/ - Business & Finance

>>18292885
Are you crazy? No one is buying right now.

>>18292894
They will in a month when quarantine is over.

>>18292921
>He thinks quarantine is ending in a month

>>18292921
>Quarantine over
>In a month
You poor naive faggot

>>18292921
You'd be surprised, people are still touring homes. See pending sales in your area, although it has slowed down because people are afraid of stepping outside.

>>18292921
A MONTH

>>18292885
Capitol gains tax is too high.
Real estate fees are too high.
The market would have to tank so much for it to be worth it.
Most people end up losing when they try and time the market like that. And its a lot of work and stress for something that might not be worth it.
I think the best thing to do is just hold, and keep renting. Use the rental income to save up for a down payment on another rental, our start investing in the market now that its at the bottom.

>>18292885
are they going to convert all our dollars into digital billgatesbucks

Well prices sure aren’t going up.

>>18293170
>The market would have to tank so much for it to be worth it.
You think it won't?

>>18293170
>just keep renting bro
>literally everyone is one step away from lynching landlords
yeah ok

>>18292885
In all likelyhood it will drop 80% in the coming year. At least put it up for sale and check how much you can get for it. Otherwise just keep it, it should regain its 2019 value around 2029

>>18293679
>drop 80%
No fucking way it'd drop this much. 60% max

>>18293693
Real estate value fluctuations are 100% correlated with employment number fluctuations. An incoming 20% unemployment will cause such lack of demand for goods and services that it will cascade into additional 10% unemployment, falling real estate causes yet another additional unemployment and bank failures, etc, etc.

>>18293660
>literally everyone
your internet echo chamber is not real life

>>18293728
Unemployment is temporary right now, companies are going to hire back the same people, they didn't let people go because they couldn't afford them but because of state mandated closures.

>>18293775
>Unemployment is temporary right now, companies are going to hire back the same people
>>18292921
>They will in a month when quarantine is over.

You're under the age of 25 aren't you?

>>18293775
The intent is to have it temporary, and hopefully it becomes true, however, the government with it's intent doesn't have the capability to catch every juggling ball, and enough balls will fall through the cracks and trigger the shit show as if nothing had been saved in the first place.

Realtor fees, moving expenses, massive hassle. Your nuts.

>>18292885

Depends. Do you own the property outright? If you can find a sucker to buy at current market valuations then yes, fucking sell, but only to someone who needs to take a loan. In several montha they'll be hueting and you'll be in the perfect position to buy it back at a loss.
Do you have a loan, and need to get this off your books lest you get foreclosed on? Then sell to anyone you can.

Anyway, there's a lot of factors at play and you haven't provided all the information so fuck you.

>>18293775
The damage has been done. We didn’t have a healthy economy before all this. It was running on a razor’s edge with everybody leveraged up the ass to survive. The debt is blowing up, corporate interest rates are rising, the bankruptcies already in motion. Lots of businesses you’re accustomed to won’t be opening up again.

>>18292885
Sell now. Real estate is going to tank once the economic stimulus wears off.

>>18292921
> a month

>>18293764
This. My complex sent out a mass email letting people know that they're willing to work deals out with people who couldn't pay their rent on time this month. They had never had any slack before.

>>18292921
>month

oh sweet child

>>18292885
Is this what the American dream looks like? 60% of that house is a fucking parking space. Who needs a triple garage for a house that size. Absolute degenerates.

Let's say I sell it. Isn't it risky holding USD when they keep printing nonstop. Would buying gold not be a better idea?

>>18292885
That’s retarded

>>18293775
They'll hire less for less. Desperate people cant complain

>>18292885
terrible idea, the transaction costs are ASTRONOMICAL for buying and selling a house, so unless you can buy it for 15-20% less than you sold it for its a waste of time and you will lose thousands

>>18293679
It depends on location. 80% drop? no. 50% drop? possible. 20%-30% most likely, but it is possible to get that discount now if you negotiate well.

>>18292885
No. You will lose to much in fees etc. If you see amazing deals in the coming months, use your equity to help purchase them.

>>18292921
So many morons come out to mock your prediction of a month means it's probably true.

>>18295496
Garages are comfy af workshops

>>18295496
Imagine parking on the street like a pleb.
Mexicans are going to fuck with whatever you leave outside, bud.

>>18295496
>Seething yuropoor

A tail as old as time

>>18297422
>NOOOOOOOOOO I CAN'T BE SEEN BY THE SPICERINOOOOOOS
>THEY GONNA SALSA DANCE AND RAPE MEE TRUMP SAVE MEEEEEEEE

>>18297834
Looooool
Based

>>18293660
Fuck off you retard commie

>>18292885
You should, but good luck finding a buyer

>>18294668
debt literally doesn't matter, it's all fake anyways

>>18293045
I suspect this happened so fast that normalcy bias will allow anyone not laid off currently to keep purchasing homes for a bit.

>>18297207
No shit it is true, the projected peak is april 9th, by the 15th a soft quarantine lift will be made where anyone over 40 will be asked to stay inside

>>18292894
no one is selling either, nobody wants strangers walking through their homes

>>18295496
my ideal house would be a large garage with a hotel room in the corner

>>18297834
t. wetback

If I will ever flip investments in this manner definitely would be a low-risk profile investment, with a buyback guarantee or stable investments like ICTO models

>>18293660
Literally never going to happen

>>18295496
>he doesn't have a hobby requiring a workshop
Why are euros so gay?

>tfw live in the Bay Area
>tfw housing market never becomes a buyer's market no matter how fucked the economy becomes
>tfw stuck living with parents forever unless I move to another state

>>18292921
>They will in a month when quarantine is over.