/biz/ - Business & Finance

>>49848907
SHITS GONNA FLY EVRYWHERE SOON

>>49848907
Why are housing prices still rising?

>>49848907
>see numerous price drops for the last few weeks

article written by greedy real estate owners.

>>49848907

It’s not helping the supply, since now many potential home sellers are reluctant to sell and take on a new loan for a new home.

Supply continues to suffer, keeping prices high. High interest rates will hurt volume of sales, but prices may remain high for some time.

>>49849756
They’re not.

Banks are about get LIQUIDATED DOT COM and this time the federal guberment is priced out of saving their asses.

>>49850111

what happens next anon?

Will housing market crash? Or will it go the moon?

>>49849756
construction costs rising

>>49850111
wrong

>>49849975
you may be on to something, there doesn't appear to be such a strong correlation between housing price and mortgage rate.

It just seems really weird that interest rate on your loans shouldn't be the primary thing that affect your price range for a house - interest rate goes up, everyone price range drops i.e. demand drops for current prices.

>>49848907
There's only one man who could stop JP

>>49850144
>Or will it go the moon?
With what money? Real estate permabulls are delusional. People already can't afford the sale/rent prices as-in, and people think there's gonna be price support even higher. Lmao.

>>49848907
Can anyone here give a reasonable explanation of how home prices can keep going up despite the Fed's best efforts at demand destruction and (mortgage) interest rate increases? Every single person I know who I've talked to recently about buying a home is putting it off until the market cools down--- either because of home prices themselves or because of mortgage costs. Who is still buying and driving up all the prices?

Is it because of large companies like blackrock scooping up as much real estate as possible at opportune times like Covid lockdowns, in order to drive prices up?

Every single player in the current housing market is suffering from mass delusion
I hope this shit ends in financial armageddon and breadlines

post yfw when she was right

>>49850180
>wrong
t. increasingly nervous bricks hodler

>>49850249
Inflation devalues the currency, so people move into tangible assets, is what I would say. During Weimar hyperinflation, housing prices mooned for that reason.

>>49850252
>I hope this shit ends in financial armageddon and breadlines
Oh it's going to end. But not in a price crash.

>>49850371
>But not in a price crash.
That's fine. So long as Americans suffer

>>49850249
They're not going up anymore. The market is slowing down - when normally come Summertime it kicks into gear. The top is in.

>>49850249
Housing market is retail dominated and the sale process is sloooow, we're in the blow off top phase of the market cycle, instead of thinking "rates are rising so I should decrease my offer" retail retards think "if rates keep rising and prices don't fall I'll be priced out 5evar!" and scramble to buy (higher DTI ratio, variable rate etc etc), we'll start seeing demand destruction as people lose their jobs and/or feel less secure in their future income, and as HELOC money dries up, we'll start seeing inventory rise as houses stay on market longer (already seeing this) and as flippers start unloading before they're underwater (also seeing this start)

>>49848907
Do not doubt the wisdom of JP

>>49848923
LIKE A MOTORCYCLE STUCK IN THE MUD

>>49850568

>>49849756
They're not all the houses around me are starting to come down 5k-20k I get emails everyday about a new price drop

>>49850441
The US will be hit the least and last comparatively speaking.

>>49848907
How long will you take this shit americans?
When will you do something?

>>49850216
Lmao

>>49849940
Yeah they are just trying to trick people into FOMOing in at the top. Prices are coming down by me.

How do I short my mom’s house?

>>49850872
>the absolute state of boomers

>>49849756
they’re shilling and coping
1 million new homes coming online by end of year, rising rates are putting pressure on investors and second hoomers, also stock market meltdown. They’re entire industry just like stocks has for 40 years been sustained by the Fed’s easy money and policies. Now the fed is saying they won’t be captain save a hoe this time. They will eventually, but Jerome needs houses to come down, it’s the one thing that was his fault, unlike grain or energy.

>>49848907
Maybe they should have done something 2 years ago when prices suddenly jumped 30% despite the whole world being shut down over a flu

>>49850191
In periods of very high rates sellers would buy points for buyers to move the deal forward. So you sell for “100k” but offer 9 grand in concessions in the form of points on the loan so you’re really selling for 10% less than the price on paper.

>>49850540
People who buy houses are convinced that renting is for retarded poors only.
Which is funny cause a lot of rich people I know own several properties but rent their primary residence because the kinds of houses you want to live in don’t necessarily make the best investments in any given market.

>>49851624
How it always works. So based being an American. Literally no matter how bad things get they will always be worse for the rest of the world and that’s by design.

Boomers don’t understand that the pivot is shifting towards needing a roommate to sustain life. This will put such deflationary pressure on real estate that we will see a 10 year long decrease in prices

>>49851853
Homes or cuckpod condos?

>GF is trying to pressure me into buying a house
>give her charts and data proving everything the fed has been saying is a lie
>Has to admit I was right when shit is crashing down
>Still wants me to buy a house
Why are so many people short sighted and easily hit by FOMO?
Most of these homeowners are going to become bag holders after the Fed fixes the housing crisis they created.

>>49852105
Ya this is not a pivot it’s called being 3rd world

>>49852179
She wants to flex on her friends or family members.

>>49848907
good. good.
accelerate.

A house on my street in bongland recently dropped by £11,000

>may keep on rising
this article is fud

>>49849756
TINA.
you either buy the boomer trash stock, you rent like a cuck or worse, move back in with your parents.

>>49852179
I mean let's be honest, your gf was right and you should have bought six months ago.
A 400k home at 2.5% is still cheaper than the same home at 7% and 300k.
Unless you've made enough from crypto to buy in cash then you should wait a bit.
>B-but prices will drop 50%+
delusion

>>49849756
Cause there's nothing good to invest in long term except land.

Neofeudalism.

The real firesale is commercial real estate but you need fat stacks and would have to put up with the local government cartel to profit off it. If I had fuck you tier cash I would be scooping distressed commercial real estate to convert to housing. Sucks to be cucked by Chad and Stacy that will buy it and flip it into some "luxury" cuckshed block and have Somalians/Mexicans/Africans pump your real estate bags. But atleast I have my darknet edgeboy internet coins sigh...

>>49852298
I can drop 120k+
The problem is most of these properties are in areas where there is no prospect in careers and the average income is under 50k.
Why the fuck would I invest in something I will rent at a loss?
Also most of these houses are at insane prices and are in such shit condition it makes my head spin.
Oh did I mention in my area getting a fixer upper is often more expensive than buying new?

>>49850216
Did ai write this?

>>49848907
a mortgage rate increase just flew above my house

>>49850224
>people think there's gonna be price support even higher.
I still can't believe people think we're not at the start of runaway inflation
How much more obvious could it be?

>>49852179
If you had to summarize female psychology in a phrase it would be FOMO

>>49850775
>the AI types in leddit

>>49850568
Based Kermit-voiced Canuck.

>>49851649
MSM jingo-ism is a soft-power flex against your own citizens. as long as zog can point to le ebil rus and ze bug chink, npcfags we be like "at least we live in a zog-mocracy"

>>49852179
>after the Fed fixes the housing crisis they created
lmao

>>49849756
They're not. They've been dropping over the last 90 days.

>>49848907
> cost of carry up
> borrowing up
bullshit

>>49848907
this is cope. Recession = foreclosures nationwide

>>49852936
Runaway inflation isn't good for the housing market, and hyperinflation kills regimes, the Fed will crash the markets to save the System

>>49853379
The only 2 options left are default or hyperinflate
That's why they're panicking

>>49850146
lumber is falling in price...

>>49848907
When does the foreclosure moratorium stop? tons of people can't even afford their $2000/month mortgage, or they're HELOC to the max.

>>49850815
>starting to come down 5k-20k
This... My market is STARTING to come down too. lots of sellers are testing the market but having to pull back to reality. It is not much but sellers want to say "See it is not over priced it I removed $5k off the price".

Give the market 6 more months and there will be large price cuts.

120k loan was at $600 a month, but now the new rates put that loan to 850 a month.

I'm not looking into 120k homes anymore.

>>49850111
no they aren't. why do you think they printed all that money?

>>49853408
There's always a way out.

>>49854584
This mentality is why we're doomed

>>49850267
>People have to accept the prices will always go up
>And market crash would be very bad for everyone

YOU VILL BUY OVERPRICED HOUSE GOY, UND YOU VILL BE HAPPY

>>49854621
Shut up incel.

>>49850815
>>49853574

Daily reminder that mortgage rates increased the monthly payment 70% for the same priced home so unless they drop 70% they're still more expensive in terms of how much you pay over the course of the loan. And this was already an overheated insane market where people were over extended.

You could cut the price of every property in half and still not be there.

>JP
im literally about to start working there in august. Am i fucked?

>>49852816
yes

>>49854674

Depends on what you're doing. But anyone selling mortgages/refinances is going to get shit on and probably laid off.

>>49854808
software development

>>49854830
Salary? And the OP is referencing Jerome Powell you low IQ codemonkey fucking nigger

>>49852298
>t.brickbag holder

>>49852368
>I will rent
Kys parasite

>>49850111
>Banks are about to lose
Somehow I don't think so

>>49853613
There are 120k homes?

>>49854930

Only in rural Alabama kek. Median in the US jumped to 400k in the recent hysteria. And if you live anywhere that is desirable you're looking at 1 million dollar starter homes.

Shit went completely off the rails.

>>49854674
>working at JP Morgan
>codemonkey
lol, lmao

>>49850249
Nobody wants to hold dollars.
Credit still cheap, wealthier people own all the businesses and assets at this point, and can afford to keep buying.

>parents own three paid off properties
>one house each for me and my two siblings
>instead if buying my own house I will live in inherited property and buy homes for my future children, and they will do the same
It's all so simple

>>49854999

>>49855051
its a living

>>49849756
there is no excessive leverage so any dip will be slowmo and slurped

>>49855178
Nice a 430% increase in price over 11 years. That is 39% increase every year.

>>49853408
crash assets and fuck the boomers ultra hard

>>49854853
unironically israel at 92k

>>49855178

That's my point exactly. Real wages didn't go up with those price increases. So we have another massive amount of people that are incredibly house poor that are getting crushed with inflation and fuel prices.

Housing won't crash overnight but as these house poor people and speculators have to sit on properties for months unable to move them expect inventory to increase.

>>49854664
also budgets are more constrained by inflation, so even tighter

>>49855561

So they priced 70% of people out of home ownership and inflation is out of control and people who weren't saving a significant portion of their income are either going into debt to make ends meet or they are downsizing their lifestyles. The longer the pain continues the worse it will get.

>>49852179
Dump that gold digging bitch.
Shell divorce and steal all your shit

>>49854621
We're not hyper inflating or defaulting. The federal government has full control. The only thing they did was be TOO successful in raising gas prices to transition. That's because there's no resistance. There's a plethora of options.

>>49855690

>The federal government has full control.

Full control of what? Drag Queen Story Hour?

What's up with all the antisemitism in this thread?

>>49854621
>>49855690
One of them is a change from Republic to Empire ala Rome. This was supposed to occur under Trump but he never crossed. What you are seeing now is the terror of Cato had Caesar lost. Totally new and interesting stuff historically speaking.
Another option since we are far along on the entropy line is a change into communism or full communism.
We also could get a full techno control.

>>49855621
>The longer the pain continues the worse it will get.
great I hope landlords are guillotined.

>>49854896
This. The jews don't lose. Only goycattle does.

>>49849756
Fed rate doesn't affect commodity prices.

>>49848907
Mortgages are for cucks
https://youtu.be/lJyl2BZugeM

>>49849756
its probably false pressure from fomo/institutional buying and gatekeeping. Demographically speaking there's more houses than people and more old people than young. Its destined burst but god knows when it will be allowed to, but looking at debts worldwide probably soon within a 5 year timeframe or alot less.

>>49850144
Demand is falling but supply is also falling. People forget that given the money printing there is still a metric fuck load of cash that needs to find a home. It's just the masses that are struggling, not the elites.

>>49854714
Fucking based AI

>>49855864
He's not wrong in the first half. If you rent you should be using that freedom to chase the next zero in your bank account.

>>49850267
She right though. It’s mostly retatrded millenials praying for the market to crash. This shits nothing like 2008 my son got approved for a house last year got in on a 300k @3.00% 30 year fixed rate pretty sure a rep from Fanny Mae called his boss to make sure he worked on top of the checks and tax statements he had to send in. I did none of that back in 05. And even when 08 happened all my friends that had the cash got outbid by corps/ foreign investors paying cash. Most got stuck with homes that, after looking at their other choices, left a lot to be desired. They are almost done paying off their homes though so there is that in about 15 years they own their home may not be the one they wanted but they own it.

>>49855110
Why would you buy something that is either about to lose a huge chunk of its value or become so valuable that no one could possibly afford it? Either way, you're now illiquid in a "need food money" environment. If you're about to enter hyperinflation you 1) buy a ticket out of the country, 2) buy ONLY things you, personally, need or expect to be able to barter with. Because money is about to be useless.

>>49856463
You're underestimating how bad it might get. High housing values have been maintained by highly-paid tech professionals siphoning money from the elite who dumped money in any company they could find, hoping to find a unicorn that could make returns that cover everything else. STEMtards made fun of art majors et al., because anyone who looked at FAANG-adjacent balance sheets understood that the vast majority of those jobs were useless make-work placements that didn't actually do anything productive (in fact, many of them lost money). All of those articles about "imposter syndrome"? About web dev dumbasses. They were projecting.

Who are the first people seeing mass layoffs?

"supply and demand"

>>49850216
Can you still make these? I saw its the gpt3 AI but I don't see how to tell it stuff.

>>49856714
I remember reading articles about businesses hiring people (mostly woman and minorities) to fill the office out to make it look successful for visitors. Lots of zombie businesses out there living on loans.

>>49850144

It MUST crash.

Current prices have been driven up by speculators that wanted to lock low interest loans before the fed rised the rates and entities like blackrock that have been using it as an hedge to inflation until the treasury bonds begin to pay a % that is reasonable compared to the inflation at hand.

The demand was simply not organic.

Now foreclosures are up a lot due to variable rates mortgages going up so much that people can't make payments.
Even many "fixed" rate mortgages have often fine prints which allows them to increase your rate in case of extreme market conditions and some banks are likely to excercise that prerogative.

Also as soon as the big guys like blackrock decide that the stock market has approximated the bottom they will dump houses and buy stocks (or bonds) as the ROI from rent is quite awful and the capital gains upsides for houses are looking more and more negative.

The ultimate result will be:

High foreclosure rate = more houses for sale
Blackrock & Co. dumping = more houses for sale
High mortgage rates = less demand
Likely a small depression = less demand

High supply + low demand = housing crash

100% Inevitable after years when houses grew at 10% a month in some areas!

>>49856837
https://beta.openai.com/playground

>>49856882
That's the example everyone jumps to, but it's deeper than that. Whole engineering, marketing, product teams are useless or redundant. Features that people don't want or need and that don't pay for themselves, entire businesses that are completely non-viable. But, look, Hunter graduated from YALE. His deck was mind-blowing. Product-market fit will come. We just need to keep funding his 50-person team to the tune of $120k each. Meanwhile these guys are, like, adding a live group audio and self-destructing story feature.

No one wants to admit that an entire sector of our economy is built on subsidizing urban yuppie bullshit so that the government doesn't go "Uh you gotta lot of capital there while college grads are out of work, mind if we uuuuh tax it and New Deal that shit?" (of course, only for the "right kind" of Millennial, of course). But you know what they hate even more? Losing all of their fucking money. Your codemonkey gig will disappear well, well, WELL before VC money is truly in jeopardy.

>>49848907
>housing
>no cash flows
>an investment

They really suckered those boomers into believing some real bullshit, huh?

>>49857249
The amount of make-work should have been instantly apparent when they shut the economy down and everything went up

>>49853408
Hyperinflation isn't an option, the Fed system doesn't allow the debt to be inflated away as printing requires more debt, the only way out is an increase in real (nominal - debt spending) gdp, and the only way we'll see real growth is if they rug the boomers, crash the markets, and kill off all the zombie corps.

>>49857437
>rug the boomers
But anon, they are the boomers

>“Higher mortgage rates will lead to moderation from the blistering pace of housing activity that we have experienced coming out of the pandemic, ultimately resulting in a more balanced housing market.”
>Yet the market remains remarkably tight. If you’re shopping for a house, you probably haven’t seen prices come down much — if at all.
>“Prices might keep going up for a while, even in a world when rates are up,” Federal Reserve Chair Jerome Powell said this week after announcing a three-quarter-percentage-point hike to the federal funds rate.
>Buyers, he said, need the market to “reset.”
>“We need to get back to a place where supply and demand are back together and where inflation’s down low again and mortgage rates are low again,” Powell said.
JP wants rates low again

>>49857511
The boomers in power are safe. The boomers that where going to get rugged are the ones told to buy a house and get that company pension was the best retirement plane.

>>49857511
Only generationally, do you really think Jerome cares about boomers in general more than the Oligarchs? Reminder, Jay has a net worth of >$50m (probably more like $100-$200m).

>>49855750
The people, US, foreign.

>>49850267
Lickay muh nuts, Karen

>>49850872
keep going...

>>49855767
wort wort wort

I always thought that the prices went up because of population growth and immigration. More people means increased cost of the physical space to reside in. People will always need a place to live, that's what makes it a good investment. As long as there's millions of people who do not own a place to live, property will countinue to be expensive.

The only way I can imagine a price crash would be if there's a massive economy crash. In which case, the common worker would be equally fucked as it is now.

>>49850872
>that 1% price drop

boomer delusion and refusal to believe its over and their house is worthless.

>>49857938
that theory makes no sense because housing supply isn't fixed, and you could easily be diluted at some point. not to mention houses aren't portable and the specific area where you own could become less populated for one reason or another

>>49849756
rates aren't rising fast enough. but they will. the fed has made a policy error, and they will revert to QE soon.

>>49852179
idiot friend of mine just bought a house in the hood of philadelphia, one of those millenial zombie homes that look like shit. He paid something like $600k for it. All because his gf (who cheated on him once) wanted it.

>>49848907
>"Yes goy, the houses will only go up, forever. Now buy our bags!"
lol, no

>>49851853
>1 million new homes coming online by end of year
construction is frozen. no one is working. drive around and look.

>property valuation goes up
>fed gets more taxes
>people think the fed will let that go away
Lmao line goes up forever

>>49858099
wonder what the cap gains tax revenue forecast is looking like this year

>>49857070
>It MUST crash.
cope harder
that's like saying "Lambo prices MUST crash" because you can't afford one

>>49858117
Theyre getting the "stimulus" money back in record time.

>>49850111
>Federal government is priced out of saving their asses.

But they will still print their way out of another recession.

Federal Reserve should just print another 30 trillion, increase rates to 10%. get the inflation to about 40-50%.

Then they can say we don't know what to do and still just keep printing away.

The whole world has to do the same thing to keep currency rates the same.

Take the whole world down with them.

>>49858010
Housing supply lags behind population growth massively. I don't think you're aware of Americas restrictive zoning laws.

>>49857379
Everyone was panicking. If you don't know what people are even good for, you don't want to to get rid of anyone. The people who lost jobs were people whose duties and cost/profit potential were known. So wagies, not salaried "professionals". Contrarily, it probably took a while to unravel, but companies have now had almost two years to really assess what each portion of their workforce is really worth to their bottom line.

>>49858617
laws can be changed

>>49858458
this sounds retarded, so it's almost definitely what they'll do

>>49858064
No one works on Sundays

>>49858040
Don’t worry. They’ll get murdered within a year.

>>49858064
This. I have been building a house since October of last year. It was supposed to be 7-8 months to close. I am being told it’s at minimum 3 more months to finish because of supply and worker issues. They can’t get the shit needed to finish houses

>>49858040
>once...
Kek

>>49858040
>retarded friend
Sad

>>49857070
That's exactly what happened during 2008.

The 3,000,000 people that Joe Biden invaded the US with this year, and didnt have the military shut the border down, had nothing to do with the shortage of housing at all. 30 million illegals live down by the river and under the bridges

>>49858099
No federal property tax dumb fuck

>>49848907
>prices are still rising

Do these retards really think this will continue?

Reeks of the statement that stocks "have reached a permanently high plateau" just before the 1929 crash.

>>49852179
>woman acting irrational
>”why is my woman acting irrational????”

>>49854664
Not exactly, the percentage increase is prorated based on the interest/principal mix of your mortgage. If your mortgage is interest only, then yes, but hopefully you aren't nigger enough to do this type of financing.

>>49852067
People with zero properties to their name renting vs ppl with multiple properties to their name and rent for their primary residence is not the same lmao. Worlds apart

>>49850216
Based!

>>49852179
She wants kids before her ovaries dry up and can only produce retards, and doesn't want to bring them up in a sardine can. She doesn't know that's what she wants, but her brain does.

>>49858157
your $300k house (that used to be $150k three years ago) in a backwater shithole isn't a lambo, faggot. get used to that idea

>>49848907
mass immigration neuters all other arguments.
prices will keep rising because jews will keep the borders open.

>>49848907
I was posting about this on all “housing is gonna crash” threads. I am a realtor and I see zero demand destruction even after the interest rate hikes.
My uncle was a realtor in 2008 and he mentioned how 6 months before the crash he was seeing layoffs left and right and realtors going crazy to land one client. Nothing like it so far. Open houses getting jam packed still. And 3/5 open houses have to be cancelled because the clients get upfront cash ovvers 25% above asking price.

>>49861488
In what market? Thats the only thing that matters.

>>49861514
I operate in Atalanta, but I have friends ni Texas reporting the same. My Uncle operates in Cali and said the same.

>>49861488
You are delusional and your entire world is about to come crashing down. You've been set up for a rug pull for the last 6 years by mega rich jews. You're done for. You won't be missed.

>>49850111
Jews never lose. Banks will be bailed out again. The left will not even complain this time.

>>49861726
Lmao I am literally aware of all of it. Also the buyers who bought the houses post 08 aren’t the leveraged poorniggers, they’re people who already own at least 3 homes fully paid.
A fuckton of people got rich in the easy money mania, and don’t get me started on PPP loans nouveau rich fags.
Personally I’m out of the markets and desperately waiting for a crash, but from what I see at ground level, it ain’t happening and ofcourse I’m seething just like you.

>>49853451
Wages, energy and the other components are rising

>>49858064
>construction is frozen
wrong. My nephew works in building homes in Minnesota. He can't make them fast enough.

what if people stopped buying houses?
what if we all lived with room mates or family to divide the mortage/rent

>>49857249
Take your meds schizo. The tech bubble isn’t bursting anytime soon. There’s still an absurd demand for basically every position in tech, and there still will be when all the shit startups get cleaned out. In fact, I’d bet the tech ecosystem will be even stronger without all the grifters selling dumbass addons like Fast checkout with a company value of 100s of millions. Those people are fucked yes. The businesses actually working on solid tech and products for their planned markets will be just fine.
I do enjoy a good out of touch, biased rant about tech though.

>>49856714
This is really not talked about enough. America doesn’t manufacture anything and the “wealth” of the middle class is only propped up as long as tech businesses get huge infusions of cash, running on dreams of finally becoming profitable.

It’s all just selling ads and subscription services. When the popes run out of tenders money the middle class run out of made up jobs to do.

>>49857938
This is a brain dead take. Look at Japan, Italy, Greece, any country that used to have a strong economy and large working population that no longer does. Their property values have not continued to rise, property in those countries leveled off and has been sinking in value. The same imo will happen here in the US when the boomers finally die off. They’re our largest cohort, when they all die and dump their homes on the market, there will be no demand for all of those houses. Millenials are barely having children, Zoomers probably won’t be much different when they get to our age. Unless we keep allowing absurd amounts of immigration, which is less and less popular by the day.

>>49862053
Japan's housing costs are going down because they have way stricter immigration laws that us
We will maintain an unrelenting stream of immigration from the third world for the foreseeable future, and they've gotta live somewhere
Think of the upside
If you have a house, it'll be like owning slaves

>>49861303
If we get the red bloodbath it looks like 2024 is shaping up to be, I wouldn’t bet on immigration continuing the way it has been.

>>49862091
>>49862093
I don’t think immigration is going to continue the way it is if the country is painted red in two years, but I guess we’ll see. I think a lot of people are fucking sick of immigrants getting in so easily and having to compete with them for housing, jobs, etc.

>>49861488
>I am a realtor and I see zero demand destruction even after the interest rate hikes.

Depends on the part of the country. I'm bidding on homes in the Midwest around 400k and everything that is move-in ready goes for way over asking with multiple offers.

Meanwhile my house in the Southwest priced under comps/estimates isn't selling. There's definitely been a pause in demand out there as people aren't jumping at the opportunity to buy a 500k+ home at 6% interest.

>>49862091
it’s not just their strict immigration laws, they had a population boom/bust just like we’re about to, which from what to understand directly led to their crash in the 90s as there wasn’t enough young people to run the economy or take care of the elderly.

>>49855171
>parents own 8 or 9 houses, I honestly can’t keep track anymore.
>stepmom is a deranged psychopath fueled entirely by narcissism and spite
>i will never see the benefits of wealthy parents because she will work to her dying breath to make sure I get fuck all
It’s all so dreary bros

>>49850111
checked. I fucking hope so. Let this shit show end. Any bandages thrown on only makes the problem worse down the road.

>>49862232
40 year mortgages are coming mark my words.
Never underestimate the control structures power to kick can down the road.

>>49850111
Currency reset with digital coin

>>49861681
Austin anon here. Decidedly false, here in the most inflated housing metro in the country. Prices coming down fast and weekly reductions. No one showing up to open houses.

>>49862258
> 40 year mortgages
This is the plan. They are already creating one for FHA bc the prices will not come down bc cities will not tolerate losing tax money from lower property taxes

>>49862224
Literally just make your dad guarantee you 1-3 of the properties in his will? How hard is that?

>>49852179
>buying house with gf

ngmi

>>49852179

Buy a house before you marry. If you do it with a woman she's going to fuck you over and leave you so she can keep the house.

>>49857070
I fucking hate yuropoors and their stupid ass variable rate mimes. I have a 2.2% FIXED for 30 years. I DO NOT and WILL NOT sell at less than 100% gain. I DONT CARE about inflation, gas, rising rates, and whatever poorfag problems are going on. Make your best and final competitive offer and I'll get back to you lmao
>or you can remain a rentoid for the next 30 years I really don't care

>>49849756
it's a fucking lie. since april I started seeing price cuts and now it's everyday. 50-100k price cuts are becoming common in my area and even with large price cuts those homes aren't selling. real estate agents are panicking because no one is going to open houses anymore and they have several listings with 0 offers. by the end of summer the market will have fully transitioned into a cold market.

I can't wait to make low ball offers and see which desperate fuck takes it. House flippers are getting fucked very hard right now.

>>49850252
I feel bad for whoever is representing that retard. Imagine having your client tell you to relist with a price increase even though no one is interested in buying lmao.

>>49856463
what's funny is even if prices went down by 50% in my area, most people would still be priced out. I really hope those millennial yuppie faggots leave and buy a home elsewhere if the market does crash.

>t. LA fag

>>49852287
>or worse, move back in with your parents
lol that's not the worst outcome. certainly better than renting. if you can negotiate with your parents you can avoid paying them altogether and save some money/assets to buy a place to live in the future when everything crashes.

>>49862258
40yr mortgages barely move the needle, you dumb nigger faggot, literally a few percent more in purchasing power

>>49852179
tell her to stfu

>>49861488
I'm in LA and it's has been continually slowing down every week since April. Plenty of homes have been listed for at least a month and bids above asking price is almost nonexistent now. Large price cuts still aren't moving some of these homes.

>>49858010
>that theory makes no sense because housing supply isn't fixed
It more or less is in large cities with good economies