/biz/ - Business & Finance

>>49730620
Up

>>49730620
same as tent prices and sleeping bags. skyrockets.

>>49730620
down

>>49730620
Goes up.

You pay me and I’m not about to start losing money

>>49730620
Go lower at first (as leveraged landlords compete among themselves to increase their money flow) then goes up (as more and more people are looking to rent due to being unwilling or unable to pay a mortgage/house)

>>49730692
>>49730863
Retards
>>49730620
If rates go up causing prices to go down but the mortgage payment stays the same then rent will stay the same or go down in extreme cases. This is because the same amount or more people are buying instead of renting and the supply/demand is the same or more weighted in favor of renters.

This being said being a landlord is based.

>>49730873
If mortgage payments go down then you're going to get fucked though.

>>49730620
They rise.

>>49730620
Good question. I live in an overpriced east coast city, and my rent has doubled in the past few moths, so I can't afford to renew my lease.

>>49730692
>>49730863
>>49730944
Explain to me why you guys think rent will go up when home prices go down.

>>49730832
thought this pic was bull and bear touching tips

>>49730620
i have rent control so fuck yall fags kikes and niggers

>>49730972
This type of shit was never sustainable. All coastal shit is overpriced and going to crash. If you are paying more than 1% of what it costs to buy the place per month then you're overpaying on rent.

>>49730974
>cuz der homeowners gonna raise rent to cover their mortgages

>>49730974
Big companies buy everything for cheap. Raise rents for more profit with even more gusto since they own just about everything for even more profits.

>>49731020
I live in a high rise in a nice part of town, so owning isn't an option. I'm basically stuck here for work for now.

>>49730974
More demand, and desperate renters. Are you retarded, or just blind? Why would greedy landleeches miss out on a prime opportunity to wring money out of suckers who the bottom just fell out on and are staring potential homelessness in the face? If you’re foreclosed on a $2500k/mo mortgage, that doesn’t mean some merchant can’t get $1950/mo out of you even if the unit is worth half the price. You’re completing against all the other desperate skittering rats trying to tread water.

>>49730620
They certainly don't go down.

>>49730974
there is charts for historical rents...

go look and see when they drop. spoiler:they dont

>>49730974
>when home prices go down.
Home prices don't go down, retard.
Rates increase, sales slow, but the price isn't going down. Worst case scenario is that it stays the same for years and years. But it's not going "down". Cope with the rest of the "im waiting for the housing market to crash :)" retards.

>>49730996
>thought this pic was bull and bear touching tips
hmm fascinating

>>49731035
People who are renting something out that they don't own outright are going to get fucked and will be liquidated.
>>49731051
If this happens the 4th reich will soon be upon us. Do it fgt.
>>49731094
You're overpaying.
>>49731103
Why would your mortgage rate go up if you were smart and didn't get an ARM?
>>49731133
That may well be true, they stay flat sometimes though.
>>49731154
Retard.

>>49731154
Also
>HAHAHAH YOU'RE JUST LE COPING CAUSE YOU ARE LE NOT A HOMEOWNER
I own 4 apartment complexes and 2 single family homes.

>>49731197
>You're overpaying.
Well, no shit, everyone everywhere is overpaying. Even my wagie friends who live in rural states are getting overcharged for rent by stingy Boomer landlords, and also they can't afford to own a house to due BlackRock kikery and home flippers.

>>49730620
With mortgage rates rising, there'll be upwards pressure on rent prices even if house prices drop. In a neutral market, rent will relate to the cost of paying off an equivalent mortgage. That cost is a combo of house price plus interest payments.

Relief will only come if prices full on crash, or if the Fed reverses course on rates while prices hold flat like in 2020.

>>49731254
>rural states
There are rural cities anon, not rural states. Just because you live in Wyoming doesn't mean it's rural. There's a big difference between Kansas City and Coffeyville.
Move to smalltown.

>>49731298
Wait a minute... I'm not OP!

>>49730996
they are touching tips... of their clipboards

Hold steady or down

why would I want to pay doctor Shekel Gurbenstein or Pranjit Lipnar more money when they often charge me enough to make mortgage payments on a house myself to begin with?

>>49731298
I mean, they do live in small towns: it's really depressing, because the nature and scenery has been replaced with countless strip malls, and the demographics have made the once-quaint towns look like Brazil.
The remaining white people in my hometown have forked into two distinct groups: effeminate progressive soi bugman hippie types, and fat dumb MAGAtards who drive loud pickup trucks and smoke cigarettes at gas stations.
I hate the big city I moved to, and I don't want to go back to my hometown due to how trashy it's become. Many such cases.

landlords NEVER decrease rent unless there are issues with the rental (like a hurricane ripped the roof off, that might be -100 off next months rent)

>>49731412
>who smoke cigarettes at gas stations
https://youtu.be/DsZOE1nvlhI?t=105
certified retard
>I don't wanna it's le trashy
live within your means

>>49731516
>https://youtu.be/DsZOE1nvlhI?t=105 [Embed]
Well, I'm definitely convinced by this single YouTube video that has its comments disabled. Thanks Bill Nye the Science Guy.

>>49731197
Reading comprehension isn’t your strong suit is it, you drooling ape? I spoke entirely in hypotheticals and you know I’m right. I don’t have an ARM because my brain works properly. I don’t have a HELOC or any other over-leveraged/to-be-underwater albatrosses either. Stick to lurking.

>>49731625
You're right a bunch of people get ARMs and are about to get fucked. I made the mistake of assuming most people are smart.
>>49731613
Go back

>>49731727
https://www.financialsamurai.com/adjustable-rate-mortgages-as-a-percentage-of-total-loans/
forgot link

>>49730974
Generally they go up as former homeowners have to enter the rental market. That being said it's usually rents at the lower end which come up. Rents which were high before the crash tend to come down as those renters had the money, but waited out the crash to buy a home.

>>49731802
>Generally they go up as former homeowners have to enter the rental market. That being said it's usually rents at the lower end which come up. Rents which were high before the crash tend to come down as those renters had the money, but waited out the crash to buy a home.
That's all I needed to know. I live in an expensive city, and even the cheapest (see: smallest) apartments are well over $2,500. I need this crash if it means snagging up a cheaper place.

>>49730620
Since variable rates exist and at least some homes will be under variable rate mortgages, the rates go up, so to cover the mortgage the rent will have to go up as well, bringing the whole rental market up by proxy.

>>49730620
They decline in accordance to mortgage prices, however high interest rates for home loans means that mortgage payments won't decline as much as people will hope.

>>49731902
Just because one apartment in town is overpriced doesn't mean all apartments in town will all the sudden be overpriced.

>>49731969
It brings the average up so you can say that it makes rent higher.

>>49732043
Even if it sits empty til the owner forecloses?

>>49732103
Historically they didn't go down though during the last crash.

>>49732170
I'm not saying they will I'm saying it's more likely they stagnate and shit that's overpriced either forecloses or goes down.

>>49731783
damn lol it's climbing back... youre right people are fucking stupid. the masses never learn lessons that stick

>>49731845
It's all relative to your location anon. If the cheapest rents in your area are $2500, they will go up but the $4-5k rentals will come down

>>49731179
kek