/biz/ - Business & Finance

>>49882951
S N E E D
I've cashed out a good portion of my crypto and am stacking cash right now to slurp up the property price dip that is inevitably coming by end of 22-23

>>49882951
I heard him say real estate buyers would freeze at 6%. You're gonna be eating rice and beans for a long time for a 50% down payment.

>>49882951
housing market confirmed for crash. start saving your fiat money now, cheapies will be everywhere

I havent even seen the video but I am sure it says some retarded shit that even if it crashes it doesnt matter because you have a home and no debt and it will eventually go up and stupid motherfucking boomer advice

>>49882991

>>49883104
boomers never learn

>see 540k property on the market drop the price by 2k
>literally 2k

fuck greedy boomers.

>>49882951
The housing market won't crash because institutional investors don't have anywhere else to park their capital.

>>49883291
I know what I got you zoomer bitch

>>49883349
it's obvious that they're paying for the land, not the building. I hate these stupid articles

>>49882951
Dave Ramsey is going to have egg on his face when the housing market crashes.

>>49883586
No supply = no crash. Demand shrinking has no impact on prices!

What are peoples opinions on my situation renting my own apartment in nyc for $800/mo, no niggers on the block and 40min door to door to Manhattan, 2nd floor in a three story, have left packages on my doorstep for days at a time no theft.. am I doing something wrong here? I make +$100k so rent in about 3 days of work give or take. Is there any reason to take the house pill?

>>49882951
You're forgetting that the people buying homes aren't doing it via loans. They sold their expensive homes in California for a profit and bought 3 new homes in Texas all cash. That or it's multi billion dollar hedge funds that see real estate as the safest hedge against the market right now. They won't even rent them out because that's too much effort. They're buying homes and holding them.
Point is, supply is extremely constricted, the population is every increasing with immigration, new homes aren't being built because of zoning laws and supply chain issues. If you didn't buy a house already, you probably never will afford one. And even if housing prices "crash" you'll still never afford it because it will only crash like 20% but be paired with a 12% 30 year fixed rate. Unironicly the more expensive home at a lower rate was the better deal.
Further, stop thinking like a fucking boomer. Houses are meant to be lived in. I own my home and I couldn't give a single fuck how much it's worth. I want it as a place to live in so I can get away from being a rent cuck. Mission accomplished.

>>49884036

So my choices are a Ted Shed or violent revolution?

>>49883945
whens your lease up? your landlord boutta moon your shit unless it's rent controlled

>>49884036
>Houses are meant to be lived in. I own my home and I couldn't give a single fuck how much it's worth. I want it as a place to live in so I can get away from being a rent cuck. Mission accomplished.
This + based.

>>49884036
many boomers and really old people (80-100) own homes that are vacant, need work, and have no interest/ability to sell them. When they do want to sell them, they want to sell their shitbox rental in nigger infested neighborhood for twice the value, so it just sits

>>49884092
You missed your chance at even a cuck shed. You're all sitting around waiting for housing to drop like they did in 2008 not realizing prices only fell 12%. Meanwhile interest rates have gone from 2% up to 5.6%.
>Buy a home last year
>500k at 2.5% 30 year fixed with 20% down (100k)
>Monthly payment $2000
>Total cost over the term $770k

>Wait for muh collapse
>500k home is now selling at 440k
>Interest rate 8% (historic average) 30 year fixed
>Down payment only 88k
>Monthly payment $2900
>Total cost over the term $1 million
You're fucking yourself. You'll end up paying the difference of the two down payments in a single year of that 30 year loan and the home will be twice as expensive as the listing price.

>>49883802
Because the supply is still infinitely smaller than the demand. Demand shrinking still won't save you from the fact that there simply aren't enough homes on the market or new homes being built.

>>49882951
Why do you do this shit? I don't care what delusional boomer #863 says, I don't care what Musk said on Twatter, can't you just fuck off?

>>49884092
It simply means it’s unsustainable in every way but on paper. An influx of the third world, along with the consequential-trade middle-class being priced out: infrastructure, homelessness, and crime will take a turn for the worst. Boomers are just both simultaneously retarded and expert machiavellian manipulators when it comes to upholding buyer confidence: When it’s up, it soars. When it crashes, it’s black swan catastrophic.
Show me someone who will pay $1.2 Mill for an 1100 sq ft shanty right in downtown New Juarez and I’ll upsell them some coastal beachfront property in NE Arizona.

>>49883802
>demand has no impact on prices
The absolute state of /biz/

>>49883945
Seems like a good deal all things considered

>>49882951
Keep that slurp up gentleman. In 4 years we might be able to afford homes

>>49884661

>>49882951
Who the fuck keep buying these overpriced homes? can you imagine having a GF that absolutely wants a house NOW no matter the price so you can start slaving for the next 30 years raising a kid that might turn autistic then you will have to care for that kid for another 20 years until you literally die?

>>49884196
we in a really bad rut of old homes being in disrepair from americans losing all their skills in trades and new homes being dry wall shitboxes

>>49884373
>implying interests rates won't drop in the second senario allowing for refinancing
>implying the loan cost in the second senario can't be brought down with a high down payment

>>49884690
Then she divorce-rapes you in 2030 america where they seize all of your assets then just straight up kill you and harvest your consciousness to slave as a battery to generate energy for the rest of time and your whore bitch collects the dividends as perma-child support.

>>49884690
See
>>49884036
Not all buyers are created equally. They're buying all cash so they don't give a fuck what the rate is and they're either loaded firms pulling money out of stocks to be held safe in housing, or wealthy California refugees that sold their home there to buy 3 new ones in a cheaper state, again all cash.

>>49884798
Stick homes have been in production for over one hundred years. Every one of them that was properly maintained is still in good condition. The same goes for brick houses. An unmaintained brick house will go to shit same as a stick built one.

>>49884836
In the time it takes you to refinance you'll have spent several times scenario 1's down payment. And that's if rates ever go low again. We might be in for a decade or more of relatively high rates. People got too used to free money. That ship has sailed.
And if you have the money for a higher down payment then you should have just bought the more expensive home at the lower rate. You're coping.

>>49884798
theirs a difference between a home being vacant for a year and ten years. eventually someone figures it out and loots the wires or squats there, you can buy a huge house in Detroit for five grand because you got one nigger smoking crack inside and another nigger stripped all the wiring

>>49882951
thanks for finding a man who can't stop eating to tell me what to think about housing.

>>49884913
>yah but more whataboutisms
Seethe cope poster. All of this can be written off too. You're arguments are invalid as they are only backed up by your imagination. Things are no where near as bad as you wish they were.

>>49883945
How old are you

>>49882951
There's still a massive demand for houses and there are still plenty of libcuck fleeing their hellhole blue states and they have alot of cash from selling their homes to blackrock.

>>49885056
I'm using basic math and calculation. You're here waiting on lowered home prices but the only thing that will lower prices are higher interest rates. Higher interest rates mean those cheaper homes are more expensive. You're gonna get fucked. But it's not my problem. Continue to be a rent cuck.

>>49885190
This

>>49884499
>>49884373

So Ted Shed it is. Weird how this nigga was right about everything.