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/biz/ - Business & Finance

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18511828 No.18511828 [Reply] [Original]

is there going to be a crash in the housing market?

>> No.18511859

yes

>> No.18511870

>>18511828
no

>> No.18511873

>>18511828
in about a year, 2 max

>> No.18512772

>>18511828

no, it literally only goes up. boomers win.

>> No.18512785

>>18511828
No.

>> No.18512793

>>18511828
Can millennials afford to buy boomer houses for the prices they want?

>> No.18512808

>>18511873
Q4 2020 - Q2 2021
Everything, absolutely everything will lose insane amounts of value stocks gold housing oil whatever. Have cash

>> No.18512819

>>18511828
God I hope so. I’m gonna finally buy a ranch house and marry my girlfriend and have a happy family away from all the faggots in this country. God please.

>> No.18512825

>>18511828
yes, but a crash doesn't mean houses drop significantly in price. It means they go down 5-10% because of foreclosure auctions and nobody will sell

>> No.18512855
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18512855

>>18512808
>>>18511873
>Q4 2020 - Q2 2021
>Everything, absolutely everything will lose insane amounts of value stocks gold housing oil whatever. Have cash

Bullshit. People will hang on to their homes before they dump them in that time frame. Also the banks can't kick people out in that time frame either.

>> No.18512871

One can hope, else we all just become American Nomads living in tiny-house caravans

>> No.18513828

>>18511828
It's housing, what could go wrong?

>> No.18513991

>>18512772
>>18512855
>>18513828

And what happens when everyone who's lost their jobs stops being able to pay their mortgages? Mass wave of foreclosures, the market gets flooded with supply, prices begin to drop. Also banks are starting to tighten up meaning there's less cash flowing around to bid up prices.

Also the high number of baby boomers that will pass away in the next 5-10 years will flood the market with yet more supply

>> No.18514054

>>18513991
It depends on how fast jobs come back, if they do. The banks have the money to buy up houses if prices fall too low. Unfortunately the boomers will be around for a while due to heavy medicine.

>> No.18514700

>>18511828
it costs half a mil to buy a house in spic land, once credit gets rained in housing will drop. Jp morgan raised credit requirements and 20% down for a house. No one has 20% down for anything