/biz/ - Business & Finance

>Quoting Lendingtree

Stopped reading there.

>>50029116

I live rent free in your head and in real life

>>50029116
>here's why
>not understanding title word capitalization
and you will nnneeeeeeeever get a job at the new york times HA HA HA HA HA HA HA HA

>>50029116
why is it slowing down?
because rates are up.
how to square lower affordability? prices go lower.
that's how prices are set, grow up.

>>50029116
You bought the top didn't you.

>buying the only asset that hasn't crashed
one has to be particularly retarded

>>50029153
>>50029155
>>50029187
>>50029197
>>50029222
>>50029257
God it's so delicious. I'm gonna get a second serving of rentcuck cope and tears after they told me I was going to be hung from a lamp post in the revolution of 2020. You can do nothing but lash out online.

>>50029116
>rates go up
>prices don't instantly go down due to relatively low churn rate of real estate
>niggerbrains think price will NEVER go down
many such cases

>>50029116
>Housing market is healthy, says increasingly nervous man for the tenth time this year.

>>50029257
when it "Crashes" (it won't) rates will be over 8% and rentcucks won't be affording the monthly payments

>>50029116
I raised my rentoid's rent substantially the other week. I told him that it's because I'm on a variable mortgage and interest rates are going up which is completely false. I'm on a fixed 2.1% and I'm using his money + other rentoids to save for a down-payment for the next house that I'll purchase and rent.

It's just that easy. KEK. Any other landlords want to share their rentcuck stories?

>>50029116
>Home Sales Decline to 70-Year Low, but Prices Continue to Reach New Highs
>By Stella Goldberg
>0 Comments

>>50029301
>"ohhh i-i-ityll crash alright!!...y-y-you guys can just w-wait and see!!"

Says the increasingly nervous 23 year old wagecuck still living at his mothers house in his childhood bedroom

>>50029297
Joke's on you I own a house and it's currently worth more than double what I paid. Doesn't change the fact that you aren't a real reporter and never will be.

>>50029343
Wow, stunning and brave.

>>50029343
Checked and Based. Keep milking those cucks for every spare dime that they might have. Fuck em. I raise rent every month I get the chance

If I won't have the chance to own a home in my life I will literally start killing people and simply take one, that's a quote

>>50029362
>Says the increasingly nervous 23 year old wagecuck still living at his mothers house in his childhood bedroom

Based. Keep stacking.

>>50029116
People generally don't sell their house unless they either have to or want to. So a cooling housing market usually just means less transaction volume rather than lower prices. The exception is when a significant portion of the market bought houses they couldn't afford via ARMs and lax lending standards, as in 2004-2007.

>>50029446
yea with houses I only buy and never sell. Still own my first apartment I bought for 190k in 2012. Now its worth $600,000 and I rent it to some wagecuck pussy millennial and his cunt girlfriend. $3500 a month goes into my pocket kek

>>50029116
>"houses" built out of plywood
do americucks really?

>>50029116
Renting is undoubtedly getting more difficult and there are less places available to rent than just a few years ago. I'm about to rent a place and the agent who showed me around was telling me he's never seen the market this busy and he has no idea how/when it's gonna end. I went to view a place a few weeks ago and by the next morning someone had already made an offer to by it. Landlords want impeccable tenants and you've got no chance of trying to lowball them. I'm paying 12 months up front to secure it. Until I have enough money to buy a house outright I won't even bother going the mortgage route. Until then a few years of renting won't hurt me.

>>50029343
based
>>50029381
seethe

>>50029116
Calm down you shylock maniac.

>>50029116
>That'd be 2 million +tip +taxes

all the "landlords" in this thread are larping. you can tell because they say stupid stuff like "one day i just raised by tenants rent cuz i can heh"

>>50029116
Yep, because even though it going down, interest rates are going up and banks are not as willing to lend. Unless you are a chad who sold the top and have enough cash to 100% buy properties up with then you are fucked

>>50029222
Buying a home isn't like buying a shitcoin, you can actually use and live in it. If the payment is reasonable compared to rent it doesn't matter if you buy at the top because eventually you will own it. I bought during the last peak and was underwater by 60% and I gave zero fucks because I doubled my payments and now basically live "rent free" only paying about 15% of market rents in taxes and insurance.

>>50030251
don't forget HOA fees and utilites, Rentcuck

>>50029222
Unless a person takes a ridiculously big risky loan most house buyers end up ok because the market as a whole tends to stabilize, goes down and after that it all begins again. And also as some anon said, you can ACTUALLY use a house to do stuff in the real world, like, living lmao.

>>50030310
yes you're gonna need this cope for when you're underwater

>>50029116
I tried to warn these fucking idiots. Supply is low because of zoning laws, immigration, supply chain issues, and mega corporations buying up residential real estate. It doesn't matter what the interest rates are when Blackrock can buy your entire neighborhood cash and it's looking like the safest place to plant your cash.
The worst part? They're not even going to make those homes into rental properties because the management end maintenance isn't worth it. They're just going to sit on it and watch supply constrict even harder. In 10 years maybe you'll be able to afford one between you and 5 friends.

>>50030369
Not a rent cuck, but burger construction standards are just pathetic.

>>50029298
>Two more months bro

>>50030428
prices and volume have already peaked in most areas, sweetie.

>>50029343
Unfathomably based

>>50030251
This is just some prop house like in disneyland with nobody actually living in it right?

>>50029354
>Inventory has never been this low
Even if demand is low, supply is even lower.

>>50030464
inventory being low can switch on a dime when people start selling because they realize the top is in. in other words, "low inventory" is the sign of a bubble.
kind of obvious

>>50030518
If prices are lowering why would people sell? You understand that not everyone buys a house as speculation right? Some people do this weird thing where they actually live in their home so the value doesn't matter.
>Home value through the roof
>Sell at 200% profit
>All other homes are also up in value
>Even if you can afford a new home you'll be outbid immediately by a mega firm with cash on hand willing to buy without inspection
Yeah no thanks.

>>50030428
>banking reducing mortgage qualification amounts due to higher rates
>number of buyers who can afford a house with an inflated volume is decreasing

yeah bro you're right, real estate found a way to outsmart supply and demand economics. if prices didn't go down over the past few months they will LITERALLY never go down.

>>50029343
Good.
>crying_navy_seal_man.jpg

>>50029116
My zestimate will only rise forever and ever

>>50029116
>Here's why
Who the FUCK thinks this is ok to write? Like no shit you cocksuckers are going to write why in the article. Goddamn it.

so, realistically speaking, for those who think the housing market is going to crash, how much is it going to crash by? when? is it going to be in obviously overvalued areas like big cities or will it be everywhere?

>>50029343
Dangerously based

>>50029297
Funny, it seems that all you can do is lash out online as well. Why do you lie?

>>50030591
Keep coping. You understand that if prices go down due to high interest rates that your "cheaper home" is actually more expensive right? No matter the equation you'll be a rent cuck for life.

>>50030648
It's not. Anyone who is over 30 and doesn't have a zestimate is fucked. And I mean royally and irrecoverably fucked. You missed your window and will be a rentoid slave for life.

>>50030585
you are underestimating how many homes are bought on pure speculation / rent seeking.

>>50030701
>jet black gorilla nigger thinks he's a genius because he barely understands the relationship between interest rates and repayment obligations
thanks but i'll keep stacking cash on my six figure wfh salary while i wait for prices to come down over the next few years.

>>50030728
Rents are going up through they are making a killing no reason to sell

>>50030701
at least you are admitting that a real estate crash is inevitable

Test

>>50030648
>so, realistically speaking, for those who think the housing market is going to crash, how much is it going to crash by? when? is it going to be in obviously overvalued areas like big cities or will it be everywhere?
Nobody is predicting this accurately, we're just drawing parallels with the last crash. Housing is like a shitcoin, it relies on liquidity and flows. If actual buying slows the price dumps uncontrollably on everything until buying resumes.

>>50030648
Prices crashed on average 16% in 2008. Meanwhile people are seeing something like 20% yoy increases in their value. People are waiting around on a MAYBE 16% crash while interest rates make that discounted mortgage more expensive. Inability to do math is a feature of this board.

>>50030728
also this. pic related. and ARMs are making a comeback, slowly but surely. https://www.attomdata.com/news/market-trends/flipping/attom-q1-2022-u-s-home-flipping-report/

>>50029116
>here's why
that's how you know it's clickbait, also I just moved in with my parents. enjoy wasting your money.

>>50030751
No. I'm saying that even if your cope crash happens, you'll still never afford a home.

>>50030756
>20% yoy increases in their value
you forgot to factor in the impact of a doubling of rates, nigger retard. value is irrelevant -- monthly repayment and DTI is what matters.

>>50030738
You'll wait forever. And I've got the six figure wfh salary which is why I secured a mortgage rate at a criminally low 30 year fixed. Senile Joe is inflating my debts away as we speak.

>>50030794
If those people bought the home before the spike or crash then none of that is relevant. It's only an issue for you sitting on the sidelines waiting for a fucking rocket to crash 15% before rocketing again.

>>50030701
What if you pay cash

>>50029116
It's called buying land and building a home. Why would I want to buy an inflated in price and used home?

>>50030881
Land prices are way up too as are construction costs.

>>50029297
Leftists are too fat and too busy watching television to revolt against actual areas of authority. Worst they do is burn down an Arby’s.

>>50030838

i have no idea what you're trying to say. rates going from 3% to 6.5% have increased monthly repayment obligations by about 50%. prices need to come down considerably just to reach parity with monthly repayment obligations that we saw back in january of this year. wage inflation isn't so extreme as to support a 50% increase in repayment. the amount of qualified buyers has shrank considerably, the amount of 95th percentile household incomes or whatnot for a given geographic area is relatively fixed. due to the slow churn rate of real estate, prices take time to go down. we're just now seeing a slowdown. places staying on the market longer, the beginning of weak price cuts. as on-market aging increases price cuts will increase. this is basic supply and demand economics.

>>50030756
>because a bigger crash could NEVER happen

>>50030954
he's one of those morons who thinks the house will pay for itself via hyperinflation

>>50030908
Then I will just move into a mausoleum.

>>50030954
But there is no supply and investors pay cash. Housing in undergoing a fundamental shift where most people living in homes will be renting them. This will neuter their ability to build wealth and probably keep them a part of the working poor their entire lives.

If you own then the story is quite different. Just maintain your home and then downsize to your dream house once the kids leave.

>>50029116
>>50029303
>>50029362
>>50029390
>>50029722
>>50030369
yo retard, those aren't houses, those are slave shacks

>>50030428

Unironically so. Houses aren't cryptocurrency you idiot. The sales cycle is obviously longer and I can't believe I even have to say this. The housing market takes months to actualize a new trend. A transaction needs to take place as it's all based on SALES not ZESTIMATES.

Tell me, OP.. do you prefer to yourself as a "girl boss"?

>>50030756
20% can still mean hundreds of thousands of dollars. That’s pretty huge even if you’re rich enough to buy 2.5 million dollar properties like my parents have. All the houses in their rich gated community aren’t selling at all now though even being down 5-10% their ath. Now they’re afraid they won’t be able to flip it after buying it last fall for half of that cost and putting 150-250k in it for a nice pool and other stuff. People got too greedy and I think this recession will go much deeper than the 08 one.

>>50031060
nah see if i say "two more [units of time]" then that means i win the argument bro

>>50031082
>People got too greedy and I think this recession will go much deeper than the 08 one.
definitely

>>50029590
Arms are coming back.
https://www.cnbc.com/2022/06/22/demand-for-adjustable-rate-mortgages-surges-as-interest-rates-jump.html

>>50031039

> Having kids

Also, over the next 20 years we will see innovation in the housing market due to technological advancements in the construction process. They're already got proof of concept 3d printing prototypes which build houses in 3 days rather than 6 months.

> But muh land!!!

Sure, but land on its own isn't the expensive part of housing. Imagine reducing costs by almost 50% by just purchasing a land and 3d house package

>50029116
>Company that makes the most money when people lock in high prices at high interests rates says prices will be high forever buy now or be priced out forever!!!!
Sneed. Inventory swamps the market by 2026.

>>50030399
>They'll just keep restricting supply and suppressing wages
Enjoy your deflationary crash when average consumers tap out.

>>50031039
>investors pay cash

they use HELOC or cash out refinance. this will dry up as banks adjust their risk models. if there's ever a rapid downturn in real estate then HELOC will be shut off completely, like what happened back in 2008.

other more serious investors use hard money loans but i doubt many are doing this right now due to how precarious the market is. you don't want to be bagholding with a 15% rate.

all of this was brought about by nigger cattle and their love of cheap debt. cheap debt is coming to an end. prices will come down.

>50029343
>save for a down-payment
No one tell him.

>>50031126
You're forgetting the most important 3 rules in real estate: location, location, location

All the good spots will be taken

I take home 2800-3200 biweekly and have enough saved up for a downpayment. Live with my parents now but is 250k house reasonable for a single person. Rates arent an issue if I can pay it off within 2-3 years

>>50029116
this is cope and you fell for it. Retard. What part of foreclosures don't you understand? People are getting poorer and poorer. That's not good for you, brianlet.

>>50031126
>>50031039
honestly what is the point of having children when they will be forced to spend most of their lives looking at a souless screen or be some code monkey slave

>>50031186
The only people getting poorer are the people with no real tangible assets such as real estate. If you don't own anything buy fake internet coins you are literally fucked

>>50031171
America's existing transit infrastructure is crumbling and whatever comes next is completely up in the air. So what matters isn't where you build, but whether you'll have a politician in your pocket to get rail out to your area in 2035.

>>50031161
It amazes me that people think investors use 100% hard cash. Most of the market, even the big investors, use leverage. Also investors don't qualify for homestead exceptions to property tax hikes. They get hit with 100% of the tax adjustment.

>>50031171

That's one rule but you've just repeated the same word three times. It's okay though because hoomers are usually this stupid considering the massive loans they're willing to take out ironically provide them the illusion of freedom whilst simultaneously deadlocking them into careers they hate, kids they didn't want, consooomer goods they don't need.

>>50031261
Ive never taken out a loan son. I don't even have a credit card. And im a real estate mogul

Unironically whats wrong with renting?

>flexibility to move around for better jobs
>fixed monthly costs (no repairs, HOA etc.)

feels like a lifestyle decision just as much as a financial decision

>>50031210
You stupid fuck. Foreclosures = will crash prices. That and blackrock is going to rug eventually by selling high. Use your head. This is how I know the average real estate "investor" is an idiot

>>50031288
>We'll I didn't do that why would you say that?
Boomers everyone. You circumstances aren't the center of the universe.

>>50031288
even if true (you're obviously larping), you would represent a teeny tiny minority of the market

>>50030950
I thought they malnutrition vegans that only eat söy ?

>>50031307
If you do the math in some circumstances it can actually put you ahead of home buyers for a particular area.

>>50031178
Anyone

>>50031405
Only temporarily in the long run buying beats renting

Owning estate is subject to the same economies of scale other businesses are.
Less than 5 properties poorfags need not apply.

>>50031405

Yep thats what I've heard too

went back and forth on the decision for a couple years while living at my parents and ultimately decided renting is the best choice for me tho that was a combination of housing prices going parabolic and my crypto portfolio doing the opposite kek

>>50031307
You don't build equity. Homeownership is better as long as the house stays the same value or appreciates, and you're able to make your payments. Also, because even a single eviction judgment can ruin your ability to rent anytime in the near future, one major ostensible benefit of renting (not facing total financial failure if you fail to make a payment) no longer applies in the US.

It's the difference between buying with credit and using your own money. You buy the thing you want and then after paying a portion back can top off your access to capital to the tune of thousands, vs the money just disappearing into the ether. Or, in other words, by paying a mortgage, you're paying into access to future leverage for other things.

>>50031178
mortgaging a $250k home if you're a single male is retarded

>>50030031
>Until I have enough money to buy a house outright I won't even bother going the mortgage route
I was like you up until a year ago when I realized that my paycheck wasn't outpacing the growth of the housing market, despite multiple fairly large raises along the way
after 5 years of condo rentcuckoldry I finally bit the bullet and bought a house

turns out the amount of credit / maximum size of my loan is what outpaced the housing market instead
at the cost of 50% of my savings and a 30 year slavery contract, I now own a house and piece of land that the majority in my age bracket can only dream of

>Another Zilcuck thread

You guys are really being paid to post, huh?

>>50031217
>wanting an express route into your wife’s bed for inner city ”future doctors”
ishygddt

>>50031178
go for it, bought mine for $300k and I'm building a self-sustainable homestead out of it
single male, no romantic commitments

assuming nothing else changes, I'll be able to pay it all off in 7 years time and escape the rat race altogether

Aren't landlords renting out property worried about tenants not being able to afford the rent? Or is demand in the US for housing so great you'll be able to fill it no matter what? In London where I am it seems to me the shitty properties have increased in costs loads but the high end ones haven't matched that increase just yet.

>>50032009
>Aren't landlords renting out property worried about tenants not being able to afford the rent
Yeah, in the UK even if you offer 12 months rent up front woth proof of funds they still run full credit checks on you

>>50029116
>Enjoy renting forever because home prices are not coming down.
I can just buy land, cheaper too.

>>50029297
>God it's so delicious. I'm gonna get a second serving of rentcuck cope and tears after they told me I was going to be hung from a lamp post in the revolution of 2020
No we just think you're a fucking faggot and egging on people with nothing to lose isnt really smart, You ego driven faggot.

>>50029445
>that's a quote
Who are you quoting?
>>50031046
I also dont believe a word I read on here.

>>50029116
Remember when you were spamming about how housing *only* goes up and there's no crash coming?

>>50031039
>part of the working poor their entire lives.
I have crypto though.
>>50031065
OP is a faggot.

>>50031171
>All the good spots will be taken
Have your driven around America or Canada at all?
Lmao, go outside you fucking fruit loop.
Why are 4chan users such retards?

>>50031288
>Ive never taken out a loan son. I don't even have a credit card. And im a real estate mogul
>Anecdotes and internet lying.
Oh you!

>>50030310
>. If the payment is reasonable compared to rent it doesn't matter if you buy at the top because eventually you will own it.
>it doesn't matter if you waste hundreds of thousands of dollars

>>50031701
>You guys are really being paid to post, huh?
Nah, it's just the same dozen Jews from the IDF complaining and arguing with like two or three other anons.

>>50029155
the only time i think about rentcucks is when its the first of the month.

>>50031325
Foreclosures won't be sold, they will be turned into rentals.

>>50032388
Retard cope is typical of low IQ "investors". Enjoy getting rekt.

>>50029116
Getting a house isn’t easier because the housing market JUST started slowing down.

heys there rentcucks

>>50031788
I'm secure enough in the size of my penis to be more desirous of easy access to goods and services than I am afraid of having to shoot the guy who thinks he's going to make a cuck of me.

>>50032597
(is something I imagine most men will say. I don't care I'm gay and I just want lightrail)

Christ has prepared an eternal home for me, I've already won.

>There are STILL people who think "IT WILL NEVER GO DOWN" articles are anything other than a sell signal

>>50029116
>STAY RENTING
based

>>50029298
It's best to avoid those who say globohomo/rentcuck their moronic blithering stubboness cannot be reasoned with.

At this point it's simply not worth buying housing in the west.

Why pay half a mil for a house when for 30,000 I could buy a house in Russia?

What is there to even hold someone to the states? The hustle and bustle of the big city?

>>50029116
> t. mortgagecuck in seven figures of debt who will get assreamed once (((his boss))) gives him the axe

>>50033651
True, and its not like things in the west are gonna get better anytime soon. Let's be realistic its only gonna get worse.

>>50029343
It works as long as there's enough stupid people to put up with your bullshit. Turns out in a free market you have competitors to deal with, and if people are paying what you're charging you're either the cheapest or your tenant is an idiot.

>>50030648

No crash because there's no inventory. Supply is extremely constricted. The only way a crash can occur is if a whole lot of inventory starts freeing up due to the average person tapping out because they are fucked by cost of living increases. The recession will really have to hurt for that to happen. But we won't see how bad it hurts for around 2 years.

So in the short term I see no reason at all for housing to crash.

>>50033801
>It works as long as there's enough stupid people to put up with your bullshit.
And if there isn't, just import them from 3rd world countries and leverage the government :^)

What happens during the end game of monopoly?

>>50033868
>I see no reason at all for housing to crash.
I see one reason
A literal crash.

>>50033651
funny enough you can easily buy a house in italy for 50k
shits getting weird in the US of A

>>50030990
On what basis would it happen?

That reminds me how's the ol' Zestimate doing. Well would you look at that up 2.8% in the past 30 days, up 64% since when I bought 14 months ago. Not bad.
Not bad at all.

>>50032378
Why would you be thinking about them? I can't imagine even knowing my landlords name.

>>50034056
The rent cucks will laugh at you if the price ever goes down and you lose a 2008 20%. Please ignore the fact that you're still up 30% in such a scenario and the higher rates means they still can't afford shit.
Also rent will go up as a result.

>>50029116
Jokes on you I rent but I will just inherit my parents property portfolio when they pass God bless them

>>50034155
For your sake I hope your parents haven't been reverse mortgaging it. The boomer mindset has forever been "can't take it with you" and "not my problem".

>>50030648
I feel like I overpaid for my house, but I'm glad I finally got in one.
Just last month:
>home gets listed for high price
>sits 30 days, no interest
>listing removed
I figured they removed it and would stay put, holding their house. Instead, more bullshit:
>relisted for over $4,000+ rent
>rented out in 4 days

I don't think the market will return to normal. At the current interest rates, I couldn't afford my house.

>>50031178
Yes, do it. That's double my income when I got my first place at about the same price. You'll be living comfy.

>>50034269
Hell no. Imagine getting cucked by such a jewish scheme

>>50030648
it wont crash, even in 2008, a Bonafide housing bubble crash, the banks just held on to empty houses long enough to see a profit.

>>50032587
These uniform commieblock apartments always remind me of 'The Raid'. I just imagine an entire ecosystem of shitty people living their entire lives encapsulated in these buildings. How horrifying.

>According to Lendingtree

>>50030648
Crashes ~30% unless the government comes up with a scheme to get poor people into homes like in austistalia

>>50029116
Hoomers keep changing the narrative, clinging to hope. Redin crashed because their internal estimates for housing demand was 17% below May's actual demand. Their chief economist was touting how strong and vibrant the housing market was in blogs and on 60 minutes. Now, they've announced there's a significant risk housing prices will decline. This "article" is trash RE PR because they're in full damage control. A recession will crater housing. Properties are already seeing price cuts and are sitting longer on the market.

>>50036455
Redfin's stock crashed**

No one is factoring in 8-12+ % unemployment in their calculations. Once you lose your job, selling your house becomes far more likely.

>>50031082
It's funny how you could basically watch this in real time on HGTV. It used to be a big deal to put $40-60k into a reno, suddenly everyone was dropping $100k+ and Hilary wasn't even making them give up their nice kitchens to deal with the fucked-up foundation or whatever.

>>50035979
GooMErs are saying banks will cease to exist.

>>50032009
>Or is demand in the US for housing so great you'll be able to fill it no matter what?

People cant pay what they cant pay. Apparently rent payment delinquency is up for some of the biggest rental companies. This should be a big red flag for investors. Some areas rent has already surpassed 50% of the average income for a given area. Wages are not keeping up at around 5% year over year growth. Some people are already starting to wonder if we are heading towards a deflationary crash when demand drops off a cliff thanks to dwindling deposable income.

We could see a correction if there's another pandemic, this time actually lethal.

>>50031171
>All the good spots will be taken
The only "good spots" in the U.S. are the spots where no one lives

>>50029116
You will never be Truman Capote

>>50033801
>or your tenant is an idiot
>implying rentcucks aren't all idiots

>>50031191
you will see when you hit your late 50s early 60s/ youll be in the ego integrity vs despair stage of Eriksons psychosocial stages of development. This is the final stage. you will either look back at your life with integrity or despair.
why do you think all these old celebrities or billionaires have kids at a much older age? their life is incomplete and missing a deeper purpose. you will die alone and unloved.

>>50029298
If you think they won’t turn the printers back on before the illiquid RE markets show signs of downturn, you don’t know the fed.

>>50033868
>No crash because there's no inventory. Supply is extremely constricted.

meme. plenty of inventory.

>>50031178

Depends on your area, if you can buy a decent size plot of land, just buy the land and build the house yourself with trips to the hardware store.

Building a house is not hard and normally done by the dumbest people in society. You just need to be willing to invest a large amount of time

>>50029343
isnt 4chan where people complain about jews milking wealth/power from the goyim?

>>50040059

proofs?

>>50040197
No that’s /pol/
We here learn from them.
When you go deep into the wealth creation rabbithole, you will realize most people are indeed cattle, like they said.

>>50030881
>>50030908
Here in rooland, the house I wanted to build has gone up 43k (more than half my year wage) in two years. The price of land has also shot up, especially an hour out from the City.
My savings are literally getting fucked/inflated to nothing

>>50030399
>immigration
All those faggot Texans moving here made Colorado expensive

Any basic 2 bedroom,1 bathroom house is over 400k in a "decent" area

100k down-payment

5 or 6 years back you could get a mansion level house with a couple of acres for less than 500k
Now all you get its a basic ass 1950s house

>>50040477
Fuck off blame California

>>50040333
redfin. go to ca and check any city. some areas are probably competitive, but lots of real estate available to purchase.

>>50040487
I dont see any california plates
All i see are faggot texas pates everywhere
I dont blame these cunts from moving out of a shithole third world country level state, but fuck off Tejas!!!

>>50029116
>this thread again
Its all so tiresome. I'm getting sleepy. Aren't you sleepy anon? I'm so sleepy.

>>50040197
/biz/ is torn between hating Jews for being evil, conniving, parasites and being jealous of them because they're better at the games we want to play. It's a mixed feel.

>>50040551
The Californians started colonizing Colorado in the 80s and 90s. They're already among you. Now you're getting the Californians that tried out Texas and realized they can't go from the most geologically interesting state to a desert parking lot like Texas. So they settle for the middle ground a la Colorado. Your state will never be affordable again.

>>50030251
American houses are the biggest piles of shit and builders knowingly cut corners with everything
>quality of labor
>materials
There is planned obsolescence with housing and most people don't know it

Not 1 mention in here the REALISTIC PROBABILITY that mRNA vaccines will kill huge numbers of people in the next ten years.

>>50031126
>3d printed houses
This is an absolutely terrible idea and whoever came up with it should be lobotomized.

>>50029343
Im actually selling my three rental units (im just a small scale landlord) cause I have something better Im getting into .... storage lockers. but one of the tricks I used to do with my rentoids, was once I got them into the spot where they are going to sign the lease (so they've already jumped throught the hoops of background checks, reference checks, etc), I always increase the rent, usually by 100$. the ol' bait and switch routine. suck them in with a low rental price, get them to jump through the hoops, so now they really think "I've found a place" ... then start charging, and see what you cna get away with. 50$ for parking, 20$ deposit for laundry room key, 80$ for storage, ... one of my favourites, is the "oh you dont have renters insurance, well my insurance can cover you, but thats 60$/month" , 40$ deposit for "spare key", 40$ for key replacement, 50$ lock out fee, .... just start billing and see how high you can go.

>>50029116
>Supply is low and demand is going to continue to outpace supply
Inflation => lowered corporate profits/increased losses => layoffs => lowered demand
Interest rates => higher payments => foreclosure => increased supply
It's all relative.

>bought home with 2.5% interest rate
>home is up 29% in last year since purchased
>idiots on this board been throwing away money towards rent over last year waiting for a 'crash'
>these retards actually think if the market crashes 25% they will get a better deal than I did with their 6% - 9% interest rate

Cope and seeth

>>50040975
Not all of us have to take out a mortgage from a Jew. And lmao you’re about to get wrecked. Hope you didn’t buy in an overpriced shitholle

House owners shouldnt be smug to think that suitable living is worth a damn in less of an acre of land. We will see prices FALL when you live in a place that cant offer you self suficiency. When your vaxed and gay for living in a rathole you call the city/suburbia. What we are seeing is what has been planned so long ago a transition to the masterwork. Not by the hundreds, by the millions of people. Yes I am worried, the economy feels like yhe tip of a blade, a house of cards where everything is upside down, finally we will see in truth what these sick fucks cant stop jacking off, a new type of SERVANT

>>50040461
Well Australia sucks. I visited Australia about ten years ago with my wife and her son. I was absolutely sweltering hot, 29C, I was perspiring profusely. At the beach some red haired australian trying to catch a frisbee kicked sand all over me, my wife thought it was quite funny, but i was not amused. I told him to apologize. He was a huge brute of a man, hairy and bulging all over. He laughed and said something in Australian, "Apologize, its a bit o sand mate". He even invited my wife to play frisbee with him and his friends. When our rental car wouldnt start he offered to "drive her home" and left me in the snake infested desert to walk miles back to the hotel. When i got to the hotel he was gone, my wife seemed quite tired, and all sweaty, she said "it must be the heat. " I was so glad to leave that infernal snake and spider infested the land the next day.

It wasnt all bad though. Nine months later our miracle baby boy arrived, which is really a miracle since I had a vasectomy. My wife thinks perhaps the southern hemisphere reveresed the polarity of my vasectomy. He's a big strapping lad, with bright red hair (which is odd since it doesnt run in my family, must be the wife's side). Anyhow Australia is a horrible place, filled with rogues, cutpurses and pirates. Not the sort of place a civilized man would live.

>>50041083
The salt is delicious. Your cockroach apartment is lovely I'm sure.

>>50029116
>>50029153
The thing is that, you can actually make a fine argument following their premises, they'd just rather sell clickbait than real news/economics, that's what makes them a shithole that nobody respects
I can literally get better financial tips from my asshole than from that page
>>50041083
i unironically sold my vinu nft to pay mine, good thing that there are enough retards buying those still. Pic related is, was, mine

>>50040882
absolutely based.

I just want to ask some stupid questions specially to the landlords. What if someone took his/her own life at your apartment, are you going to evict his/her relative or family?

>>50041515
as long as the rentoids pay the rent on time, i dont really care.

>>50041112
great meme

>>50029303
>won't be affording
tell me you are black without telling me your black

>>50029116
Enjoy those bags.

There's a doublewide trailer near me going for nearly 400k.

>>50029116
It will crash and you won't be happy

>>50042199
i bought my home last year for 600k and it has appreciated all the way to 820k. i will still be in the green even if it crashed ala 2008 lmao. cope and seethe rentcuck.

>>50042239
unrealized gains. dumb boomer.

>>50029343
Wow you are extremely Jewish

>Enjoy renting forever because home prices are not coming down

But I already own my own. In fact, I have leveraged it to buy multiple investment properties which all have happy little rentcucks in them funding my comfy life.

I'm set for life.

>>50041112
Top kek m8

>>50043195
Houses aren't shit stocks. They can be lived in or rented out. It's not unrealized gain if you're getting utility from it before you sell.

>>50033572
>their moronic blithering stubboness cannot be reasoned with.
Says a disgusting blitheringly stubborn and moronic leftist creature.

>>50040544

So you're an idiot.

>>50029116
They will fall, it just won't be dramatic.
It'll be a combination of inflation and crabbing that will eventually decrease the value

>>50045014
you are an idiot if you want to deny the amount of inventory.

>>50043644
line go up means nothing if you don't sell. besides, means all real estate is expensive.

>>50040882
What happens when you get called out?
I've done so with landlords in the past, but I used to try to maintain a good relationship and remind them that these terms must remain mutually beneficial. I had always pressed for discounts to re-up on the lease.

Also, if you're charging under the false pretense of insurance, that can be considered fraud, so you need to be careful. Some "fees" could be considered lease breaking as well.

>>50045126
>line go up means nothing if you don't sell
Line go up means the home is worth more means you can charge rent chattel even more money.

>>50029116
This is correct but rentoids here will never listen. It is what it is.

the best zesties can hope for is a ten year crab market if not a capitulation

>>50029197
>how to square lower affordability? prices go lower.
Why do gas prices still go up while everyone complains about affordability?

>my waystimate went up another 5% this month

>>50031116
Problem for bobos is that ARMs are just starting to come back now in response to rate hikes. Which means we have a lot higher to go before a 2007 style crash could be baked in on the back of ARMs. You'd be waiting on the fabled 25% crash until around 2027-28, and by that time the average home price could be $800K if the supply:demand ratio trend persists.

>>50029116
>Market is slowing down and price drops of 10% already happened in many areas, but drops of 40% haven't happened yet because it's only been a couple months and people haven't capitulated yet so that means they never will.
okay

>>50042239
No you dumb fuck. Your house price inflated to that value and that's not a good thing. Jesus christ people are dumb as rocks. You'll pay more taxes and more insurance for the same goddamned property, and when you sell? You have no additional home buying power. You pay 5% just in agent fees which is now 41 thousand fucking dollars. Rising real estate markets are only good for degen leverage players and other jews.
And there's another massive problem, which is that pricing out budding families is a sure fire way to guarantee you're completely fucked in 20-30 years regardless of how much monopoly money you have. Being happy for home prices going up this much just because you own is like being happy about getting molten gold poured down your throat.

Heh bet you homeowners wish you had your freedom. Checkmate mortgagecucks

>>50029362
Will be fun gassing people like you in Minecraft

>>50029298
Prices are literally already coming down slightly, it’s just a bunch of retards that spent more than they could afford and are fear mongering now

Why is /biz/ so in denial when it comes to housing prices. You can literally smell the cope.

SOMEONE PLEASE ANSWER ME WILL INTEREST RATES AT LEAST GO BACK DOWN IN A YEAR?

I'M FINALLY SAVING ENOUGH MONEY I CAN ACTUALLY AFFORD A DOWNPAYMENT BUT I CAN'T STAND TO PAY 6% INTEREST ON AN OVERPRICED HOUSE.

>>50029116
Wait for the foreclosures and layoffs, then we'll see who is laughing. Reminder that we haven't even started the recession yet.

>>50047269
No, retard.

>>50047269
What about taking a term deposit instead? 10% interest rate yearly means if you save 1M you get 100k in return guaranteed. It's literally free money.

>>50029116
We will have a recession in 2023, that is when prices will come down.

>>50030881
Building materials are overpriced as well. Building costs the same as buying. I plan to build after I pay off my current mortgage and property but I will still need a loan to afford the construction costs that will have a higher interest rate.

>>50043644
It literally is unrealized unless you sell you fucking mouth breather. God home owners are some of the biggest insecure fags in the world
>someone please validate this absurd amount of money I spent on a piece of shit house in suburbia

>>50045909
Hey retard, what if I told you people are already not making payments? It’s not going to be 2029 when people are finally evicted from their covid mansions they thought they could afford. I don’t get why people here have this crabs in a bucket
Mentality regarding housing.
>you’re already priced out but I’m not cuz I’m le superior and smart and bought at the height of the recent housing boom
Like can’t you see how absolutely retarded you sound?

>>50047454
it's amusing when they brag about unrealized gains while being too stupid to understand that it's meaningless because their only option, if they sold, would be to buy another overpriced home.

also the entire time they're being taxed on unrealized gains (property taxes) which also yields an increase in their homeowners insurance premiums.

>>50047454
The gain is unrealized but you're ignoring the utility and investment value of a home outside of "number go up and I sell".

>>50047507
Or you could check the numbers re: inventory, rates, mortgage applications, rental applications, immigration, zoning law, etc. instead of relying on feelings.
Waiting two more weeks for the big thing to happen can last years...

>>50047177
>too scared to type an actual threat on an anonymous imageboard
>expect us to believe you're capable of actual violence

You won't do shit, cuck.

>>50029116
Yeah, theres also no signs of a recession, carry on citizens.

>>50047269
>SOMEONE PLEASE ANSWER ME WILL INTEREST RATES AT LEAST GO BACK DOWN IN A YEAR?

I'm pretty sure there's historical precedent for rate drops after large rate hikes.

joke's on you i inherit
as a rentchad i can move wherever i want whenever i want rather than being like the male equivalent of a housewife
then by the time i need to settle down i just take over one of the houses of my parents
seethe harder, landfag

>>50030464
Supply will be low until housing cucks start listing their 2nd, and 3rd properties on the market once they realize they won't go up 10-20% a year forever and start declining.

Then, the economy will be forced into a slowdown to cool off inflation and all the marginal first-time homebuyers of the past few years will be unable to make their mortgage payments. Refinancing won't be an option given prevailing interest rates and home equity vanishing.

More people will be willing to rentcuck and home ownership will drop to all-time lows. The banks will own a large supply of housing as well as people smart enough to figure out the short-sale market -- aka investment funds & wealthy people who aren't currently leveraged up -- mostly Jews.

>>50047790
>it’s not unrealized
>yes it is
>okay it is but here’s why you’re wrong even though I just admitted you’re right
K

>>50048088
I’m not relying on feelings, I don’t plan on buying a house for 4/5 years and I make enough there’s no way I’ll be “priced out”. I’m just saying it’s fucking pathetic that everyone on this board that has a 200k shit shack in Iowa thinks they’re part of some master race because their piece of shit house appreciated $50-100k in a couple years. Meanwhile I’m going to be buying a house for over a million on the lake when I finally do. And I plan to purchase a home to actually live in, not as a “starter home” or rental property morons tell themselves when they overpay for shit houses.

My whole point is it’s literally not a competition, no one gives a fuck if you own a house, but that doesn’t mean you need to jerk yourself off on 4chan to sound big and tough cuz you managed to purchase a home when they were literally giving them to anyone that wanted one.

>>50048481
Still not addressing that a home has real tangible value before ever being sold that is a direct result of increased value.
Rent is due Friday btw cuck. And it's increasing next month. Have it ready.

>>50048691
two separate concepts. the real value is independent of the "line goes up" value. moot argument.

>>50048742
>Real value
However you need to cope. Just don't forget rent is due plus tip

>>50029222
>closed april 2022
i did. and it fucking sucks to have overpaid so much. BUT i did lock in a 30yr fixed at 3.5%.

Hi bros, do not let those spamers fool ya. Invest only the trusted platforms! Like BeaRex.

> NEW Instagram mask game with an ability to earn some rewards and win 5K$+ NFT

>>50048595
Ok

>>50048808
>Le rent is due!

>>50032328
Waste compared to what exactly? A theoretical maximum profit point based on alternate timelines?

Whatever. Enjoy the rent. I'll take my fixed rate mortgage at 2.37% instead.

A low IQ faggot wrote this post. Demand plummets when rates keep rising. Demoralization post or, just a faggot keyboard warrior.

>>50041112
Well done.

>>50047321
We are already in a recession

starter homes and airbnb homes are flying on the market near me. everyone is trying to dump their small house for +100k profit and no one is buying. I'm seeing -5k to -25k on these over priced 2-3br homes that are cheapo. The average priced homes are not selling anymor ebecause everything is 500k+ with 14k a year property taxes, with 6% interest no one here can buy a house. The last 3 months I've seen 100+ pages of homes added to zillow.

>>50029116
>FUCKING KEK. RENTKEKS BLOWN THE FUCK OUT!
Imma just grow pot and sell pot and buy cheap land far away from humans.
Enjoy your housing next to niggers.

>>50029343
No jewish tricks here. Have decent tenants and competitive rent rates. Increase rent by a few percent after a couple of years, still competitive, so it's win-win. No need to jew-max

>>50029343
they should say "no" and move out

but not before doing damage to the place

>>50049030
>Le le cope

>>50048808
>>50048691
>haha rent is due amirite guys??
>Reddit tier regurgitating of jokes is funny
Can you have a single original thought of your own or is that asking too much of you?

>>50049829
Why would I need original thoughts when I'm not a rent cuck?

Why do we let childless parasites buy SFHs to fill with anime statues and electronics, again? Simple fix.

>>50034155
Same, my parents did the smart thing. They did most of the work themselves and only got a mortgage at a time.
>see in the news that a guy got like 10 mortages by going to different banks, lost a lot of renters, utterly fucked.
>"remember son, debt is a deal with the devil. If you want to beat the devil don't be greedy."
>not even religious
They probably will not try to get another property, so I will continue with the plan when I finish studying (without debt). If possible I try to get an apartment out of the country big enough for me and my sibling, just in case.

>>50029116
>>50034155

Although the whole "rentcucks btfo" is pretty stupid. Ignoring the obvious immorality of it, it's shortsighted. We've had the same renters in one propriety for a decade, no late payments, no damage, they take good care of the place. They even made a bunch of upgrades to the house after consulting with us.
I'm pretty sure they'll have a job even in a big economic downturn.
The trick? We are reasonable with the original rent and rent increases. You've to be moron beat the shit out of the golden goose.