/biz/ - Business & Finance

>>19257829
3, maybe 4 months down the line. Total shot in the dark, but If Wells fargo is willing to forgo 3 months of credit card payments, banks will probably allow a small period to forgive mortgage payments up until a certain point.

There's still too much upward pressure from real estate knife-catchers, though.

>>19257875
Lets assume im a low IQ renter that is soon to be in the market for buying his first house, when would be a good time to buy?

I'm not American but the mall of America looks like a cool place to visit no?

>>19257829
Won't be allowed to.

>>19257829
Commercial or residential?

>>19257923
It used to be, now you have to worry about Muslims throwing you kids off the 4th level

>>19257900
December.

I honestly have no idea whats happening, most msm websites are exalting the real estate market and saying bidding wars are happening again for pent up demand. I think its total bs but we'll see. I hope it crashes hard.

>>19257958
Lmao muslims have a different culture that's all

>>19257969
Checked

Try to hold on to your ass till then.

>>19258031
Its tradition in Muslimia to throw someone off a 4 story building because if they survive you marry your daughter to them and have a strong son in law

>>19257923
It's fine. There's a lot of repeat stores and the wow factor wears off pretty quick. Unless you're already in Minnesota, it's not worth traveling to by any means.

>>19257829
It won't
Sry poor fag, you won't buy that house at 1/4 price.
Ur gonna have to work your ass off and buy a house yourself.
There are no shortcuts

Friendly reminder that the owners of Mall of America are (((our greatest ally))). Seriously, look them up.

>>19257923
It used to be an amazing place

>>19258338
>BREAKING NEWS: Mall of America receives federal bailout.

>>19258294
heres a shortcut, a second wave kills off a majority of niggs, spics, and boomers.

The mall where I live just did a fat fucking remodel and extension into an outdoor area and I got to see a little bit of it before everything got locked down

Absolutely P u n i s h e d Valley Fair

>>19258385
>0.1% kill rate.
That's a hard no bro.
As much as I'd like all boomers to die, it just ain't happening

>>19257829
It won't. If it comes down to it they'll just do a false flag and send you off to die in another banker war.

>>19257900
I cannot predict the future however I can give you these tips
1] Get prequalified, or have your cash ready
2] you will have to do alot of your own home work, as in analyzing average cost of the homes you want, area cost, features, year built etc.
3] Currently I see alot of homes being for sale, I would say if you wait for a crash or later when people get even more desperate you can probably get a better price considering right now real estate is near its peak possibly, and depends how economy holds up.
4]Might want to wait till fall/winter there has to be confirmation that shit will get fucked first then you can act on people panicking.
5] examine how long the house has been listed for longer periods of time might consider a low ball offer.

>>1925782
malls will be torn down and made into residential.

amazon+drones etc is the new mall.

>>19257829
Very soon my friend. If you don't have your house sold by Late June/July it's going to be really bad. Right now people are trying to move out of cities and buying whatever they can.

>>19257923
https://www.youtube.com/watch?v=u6fQI_qB1JE

>>19257829
Tomorrow. Source: my dad works for Real State Inc.

>>19258562
This guy knows how to landlord.
Listen to him faggots!

>>19258674
im praying the predicted migration out of the cities comes true. hopefully the combination of remote work and plague fears pushes it. im tired of every coastal city becoming a massive shithole. i just want an affordable studio apartment

>>19257923
eh, maybe if you have a few hours before the airport. it's literally just a big mall

>>19257900
Wait until you start hearing news headlines every day about the "housing crash", then wait another 3-6 months, then buy.

>>19258338
>checked
holy fuck (((they're))) everywhere

>>19258385
>second wave
Where tf was the first wave ?

>>19259238
>>19258338
You fucking G L O W

lmao

>>19258674
>right now people are moving out of cities and buying up whatever they can
Yeah that’s not happening

>>19257900
>buying a house in the new world.

>not buying inverse etf's tickers: DRV, DRN, and SPXS.

literally money printing etf's.

>>19258385
There was no wave, is no wave, and will never be a wave. Coronavirus is one giant meme.
Food for thought: If western societies are shitting the bed this hard at a virtually nonexistent threat, what will happen when a real one comes around?

>>19259533
>what will happen when a real one comes around?
The strong will rally together and buttfuck whomever is trying to fuck with us.
The weak will die.
Post ww1 America is very similar to our current situation.

>>19257829
It won’t crash until Californians have all completely moved out of California. They’re making Texas property values skyrocket, while also prepping Texas to become uninhabitable

how have they not paid off their mortgage yet

>>19259533
>non-existent threat
>330,000 dead
ok

>>19258856
>Minnesota
>America

>>19259877
Not him, but that's a drop in the hat compared to other virus and diseases.
That and the average age of death is over 45

>>19259340
>glow niggers hate Jews
Wtf I love feds now???

>>19257829
Who accepts bets on a plane crashing into it?

>>19258562
>>>19257900
>1] Get prequalified, or have your cash ready

Duh.

>2] you will have to do alot of your own home work, as in analyzing average cost of the homes you want, area cost, features, year built etc.

Duh.
>3] Currently I see alot of homes being for sale, I would say if you wait for a crash or later when people get even more desperate you can probably get a better price considering right now real estate is near its peak possibly, and depends how economy holds up.

Inventory is shrinking as people are not listing due to uncertainty keeping prices up.

>4]Might want to wait till fall/winter there has to be confirmation that shit will get fucked first then you can act on people panicking.

Market will go down 3-4% at most.

>5] examine how long the house has been listed for longer periods of time might consider a low ball offer.

They have already seen all the low ball offers if it has been listed for a while. Go ahead though and put that Jew offer in.

>>19257923
its entirely lost to the muslim infestation in Minnesota. for some reason islam faggots are all going to that state. so the mall of america is literally just 70% full of 3rd worlder muslims would will honor kill u if u look at them the wrong way. etc. if youre a white guy, stay away from this kinda shit.

>>19257923
Little Baghdad.

>>19260828
Why don't you faggots grab a mall cop's segway and ram them in minecraft

Just remember that the house always wins. Even when the real estate market crashes, it won't mean we get to finally buy homes for reasonable prices. For one, TPTB will do everything they can to prevent the actual for-sale house value from dropping as much as possible. Banks with foreclosure properties will take them off the market and only offload a little at a time in order to keep scarcity up. Boomers will stubbornly HODL their "investment" properties and refuse to sell until some ridiculous and arbitrary value that will never happen.

And most importantly, in a housing crash, the banks will basically refuse to give anyone/everyone mortgage loans ANYWAY. So even though the property will finally be more towards a reasonable price, you won't ever be able to get a fucking loan to buy one in the first place. Not unless you have a massive down payment and perfect credit, and even then they'll give you a completely kiked interest rate. That's what happens during recessions, it's a lose-lose anyway.

>>19258856
OH NO NO NO NO
that's unironically worse than Paris and London together

>>19260828
That's not even specific to MoA. Literally ALL malls now are filled with nothing but mystery meat goblinos. You can be in the most lily-white part of the country, and you go to the local mall, and it will still be nothing but nigs, spics, and arabs. Americans all white-flight'd away from malls and stick to online shopping as a cope for avoiding the muds.

>>19261031
It is. If you blindfolded someone and dropped them off in Minneapolis (during the summer), they'd probably think they were in the middle east

>>19257958
>Emmanuel Deshawn Aranda
Muslim? Nah.

>>19258856
Damn dude.
I thought they didnt like the cold.

>>19257829

Almost 9% of homes in the US are in forbearance and a shitload of commercial tenants aren't paying, so soon I think. I imagine car notes, credit cards, medical bills and pretty much every other line of credit is gonna get hit as well.

>>19258008
No my neighbor's house closed in 3 days on the market and I checked on a house closer to my work and it was already in a bidding war. I'm in the Dallas/Fort Worth part of Texas if that helps.

>>19258856
KEK. Haven't lived in the US for 9 years. What. The. Fuck. Happened.

>>19257829
Never.

>>19261028
This anon gets it.

>>19261028
I’m gonna kill myself, there is no other escape from this hell.

>>19261028
I smell a renter (aka poor fag).

>>19258856
>in the first 10 seconds theres a basketball American dribbling a ball
LMAO

So that’s it? Boomers win again? Real estate/housing is just an immovable object in the unstoppable force that is the ever-changing market? It’s the only truly no risk/high reward investment out there? The housing market has become too big to fail?

>>19263936
Yes.

>>19263936
i dont know anymore

fuck this clownworld. its all fucking rigged

Real Estate Prices were propped up by the widely available credit. As we move into a recession and possibly depression credit will not be widely available. Especially in locations where a starter home requires a jumbo loan. The pool of buyers in these locations will get dramatically smaller. There won't be hyperinflation because banks and financial institutions will hoard the money in order to shore up their own balance sheets and regain profitability.
Banks and financial institutions will start hoarding money in order to shore up their own balance sheets and regain profitability. Meaning banks strict lending on jumbo qualification are here to stay.

Only the top 5% making 250k annually with 500k+ in savings will be able to take advantage of the low interest rates with jumbo loans.

On top of that people who went on forbearance with jumbo loans do not qualify for the cares act. Meaning the banks can do whatever they please once the forbearance period comes to an end.

>>19257829
https://www.youtube.com/watch?v=nTg5cw1YeAs&t=2s
Commercial real estate is fucked

>>19264007
Nuh-uh

>>19257875
Spreads are huge in CRE. As soon as the sellers capitulate, and they are starting to from the financial pain, there will be fire sales and not enough buyers to absorb the inventory.

>>19258118
I've been in MSP a dozen times and driven right past it every time. Not even the slightest inclination to visit it. If you've been in an American mall you've seen every American mall.

>>19257829
S O O N
O
O
N

>>19262327
But they love the welfare.