/biz/ - Business & Finance

crashes in real estate are memes, you spend 5 years waiting, prices jump 70%, then "crash" 20%

houses are like NFTs in terms of liquidity

I would anon, but I'm waiting for the same thing.

>>50105094
This, markets aren't even liquid enough for a proper crash to happen. It can go down a bit over the course of a few years

>>50105058
your rent will stay the same

>>50105058
I own a house, as I'm not a poorfag like you. It's up 100% since I bought it, so a "crash" won't mean shit to me. Try not being poor.

>>50105058
>entitled
It's simple, no house or pussy, no entitlement to my taxes or labor

>>50105058
>how dare our kids dream about stuff that was just handed to us
Boomer hall of cost when

>ultra limited supply
>no effort whatsoever to dramatically increase supply to meet demand
>he thinks a crash will ever come

>>50105058
>You have 20 seconds to explain to me why a housing market crash would be a bad thing
It isn't.
The point of that article isn't about the necessity of housing or even about entitlement.
It's to show the masses that society cannot continue to progress until journalists are executed en mass.

>>50105058
Millennials are more spoiled and entitled than Boomers.

>>50105058
It will crash, depending on the country that you inhabit, housing will surely crumble. If you think about it, its a destructipn of the family unit, only the rich and owerfull will be alowed to procreate and survive this great filter because they are the subordinates and slaves to the ponsi, all the other ones are just filler in their eyes, a number in some ledger to extract wealth from. In due time the society that much of the elite prospered over will take a drastic turn to keep up with their appetite of wealth and power, creating a genetically modified human that is not only submissive but without comprehension, only then will we be able to step into the next step of "advancement" with them not passing one repercusion. These people will isolate themselvesfrom the parasitic and festering stench that subsist their lives, for every man there will be thousands toiling away, wasting their lives on the insipit poorreality that they fail to see. We should be mass genociding these people

>>50105058
>Entitled Millennials
>are cheering for a crash in something that has more than double in price in the last 2 years
>entitled

>>50105058

More like the "millennials" know your shit 650sq ft. home in which nothing has been done to it since it was built in 1955 is not worth 1.35 million

On zillow for 265 days

>>50105058
NOOOOO MY ZESTIMATE
FIX THIS IMMEDIATELY OR I'LL GO BACK TO DESHAUN

>>50105058
When democrats win back the senate, owning a house will be a crime, you will be forced to share what you have with immigrants and will pay a federal rent rate instead of a mortgage (whites to pay 50% more than blacks)

>>50105094
What if there is an economic depresion and housing is the least of your concerns? Fuel, food, water and energy based economy, not the cushy gay liberal arts-retail banker homosexual economy that we live today that changes in the same mood that a woman has a period every month, face it, men are week, their leaders even worse, we deserve this.

THESE SNOWFLAKES DONT KNOW HOW GOOD THEY HAVE IT!!!!!!!!!!!!!!!!! WHEN I WAS THEIR AGE I WAS WORKING DOUBLE SHIFTS AS A FORKLIFT OPERATOR AND THAT IS I COULD AFFORD A 4 BEDROOM!!!!!!!!!!!!!! MAYBE IF THEY STOPPED SMOKING DOOBIES AND STARTED PUSHING A BROOM THEY WOULD BE HOMEOWNERS BY NOW!!!!!!!!!!!!!!!!!!

- MIKE

Sent from my Samsung Galaxy Smartphone
-----------------------------------------------------------------
I STAND WITH ISRAEL
PHILIPPIANS 4:6
IF YOU DONT LOVE IT LEAVE IT
STOP THE STEAL
CHEVY BOY
69 CAMARO SS
12 SILVERADO SUPER CRUISE

>>50105110
bullshit

you can sell any major NFT within a minute

>>50105058
The crash already happened anon when a lot of people sold after losing jobs during the fake pandemic. Businesses brought those houses so you'll own nothing and they will be happy.

>>50105205
Such a tiny group of people are actually buying homes right now. Its literally rich people parking their money someplace and their trust fund baby kids. When your pool of buyers is that small, you eventually run out of buyers.

>>50105286
FUCK OFF DAD THIS ISNT THE 70'S

>>50105293
Just 3 months ago homes would sell over a weekend. There is a whole company that will sell your home over a weekend or buy it.
https://29days.haguepartners.com/72-hours/

>>50105058
If you don't own a house, you shouldn't care. But if you buy a house when it crashes, then the next time it inevitably crashes, you'll be annoyed when some whiny little faggot on the internet asks "wHy ShOuLd I CaRe?"

>>50105306
They wont when I bring their Zestimate down whenever they leave investment property unatended.

>>50105286
The most common saying among boomers that pisses me off is when they say to "do what you love" for work. I'd rather do something that actually pays fucking money and be a miserable alcoholic thanks.

>>50105328
WATCH YOU LANGUAGE YOUNG MAN!!!!!!!!!!!!!! I DONT WANT TO HEAR ANY WHINING FROM SOMEONE WITH A COLLEGE DEGREE!!!!!!!!!! NEVER IN MY WILDEST DREAMS DID I THINK I WOULD EVER HAVE A $200 SMARTPHONE IN MY 20S!!!!!!!!!!!!!!

- MIKE

Sent from my Samsung Galaxy Smartphone
-----------------------------------------------------------------
I STAND WITH ISRAEL
PHILIPPIANS 4:6
IF YOU DONT LOVE IT LEAVE IT
STOP THE STEAL
CHEVY BOY
69 CAMARO SS
12 SILVERADO SUPER CRUISE

>>50105360
I wonder how fast one could build pre-fabricated bat houses.

>>50105058
>a crash would enable me to actually afford one
doubt

>>50105358
Its the opposide. Why would i care for a house market crash when i have already one? Dont get these whiny boomer shits here at all.

>>50105491
It is almost like the enjoy paying high taxes.

>>50105094
your perspective is entirely informed by the last twenty years which aren't typical. historical low rates pumping up historically high inflation-adjusted prices combined with historically high inflation means we're going somewhere for the history books (back to the mean)

>>50105140
This. The government and boomers are the entitled ones.
>*cracks open an ice cold bang's rootbeer*
>*starts mower*
>you WILL fund my social security
>you WILL fund my medical insurance
>you WILL prop up this low-trust society my generation built
>you WILL NOT receive ANYTHING in return
>and you WILL LIKE IT you entitled little shit
>and you will die blue-balled and homeless with some imported shitskin twerking on your grave

>>50105523

yea idk about that fren, great depression was still only 35% drop

>>50105094
Depends on location. I live in an upscale condo building in the very near south side of Chicago that went up around 2006 and people who bought then are still bagholding

>FUCKING 39 YEAR OLD SPOILED BRATS WHO WANT TO OWN A HOUSE, WHO THE FUCK DO THEY THINK THEY ARE?

>>50105440

>>50105150
Is it even a real article tho

>>50105058
Not gonna happen

>>50105580
they were down 35% from the historical inflation-adjusted average. we're like 250% above this average right now

>>50105094
Yes my parent's home they bought in 1991 was around $110K. But I'm currently make more at 30 than my dad did when he was 40. (on paper inflation fucks with everything)

it would be a terrific thing. people who own homes to live in don't care because they're enough in the green and have a lower interest rate.

>>50105615
>with no nuclear weapons
LMAO, I wonder who they stole it from
https://www.politico.com/magazine/story/2016/12/1979-vela-incident-nuclear-test-israel-south-africa-214507/

>>50105140
>no house or pussy, no entitlement to my taxes or labor
ah yes, the battle cry of the revolution:

NO TAXATION WITHOUT FORNICATION!

only way there will be a crash is if owners cannot afford their mortgages and are forced to sell. this would only happen if unemployment goes up significantly. it is currently at historical lows and there are no signs of that changing. stay mad poorfags

>>50105058
You shouldn't give a shit. It's the cycle of life. All ponzi schemes collapse eventually.
The real question that should be asked is what makes the owner entitled to earning a profit off thier home ownership?

Owning a home should be an expense. If housing is ballooning in value, its because there are too many zoning regulations or the government isn't taxing hard enough.
Housing should decline in value (in real terms) and at best should hold neutral over time relative to local fiat currency.

>>50105058
Over leveraged air bnb boomers are going to get rekt

>>50105634
I don't care. Hang all journalists.

>>50105705
>it is currently at historical lows and there are no signs of that changing. stay mad poorfags
lol
>Fast forward to today when it appears that we are about to hit the motherlode of mass layoffs, after none other than Zuck sounded the alarm. According to Reuters, Facebook-owner Meta Platforms (which will likely be undoing its name change just as bitcoin bottoms) has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.
>“If I had to bet, I'd say that this might be one of the worst downturns that we've seen in recent history," Zuckerberg told workers in a weekly employee Q&A session, audio of which was heard by Reuters.
>And while Zuck emphasized the lack of hiring - noting that it has reduced its target for hiring engineers in 2022 to around 6,000-7,000, down from an initial plan to hire about 10,000 new engineers, which comes amid a hiring paused announced month - he confirmed that layoffs are also coming saying the company was "turning up the heat" on performance management to weed out staffers unable to meet more aggressive goals.
>“Realistically, there are probably a bunch of people at the company who shouldn't be here," Zuckerberg said, adding that "part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might decide that this place isn't for you, and that self-selection is OK with me."
it's only just beginning you fucking retard

>>50105726
That's only a problem if they aren't making any income off the houses

>>50105058
I'm a landlord and own 23 properties which have me mortgaged up to my eyeballs. Any crash and I'm ruined.

>>50105440
I don't care if this is bait or you really believe that just go back /pol/ please

>>50105735 see >>50105094
any "crash" will just make a small dent in the recent price surge resulting in returning to 'normal' where prices continue to increase at pace with inflation as they literally always have. and that's probably a worst case scenario. more than likely, the price growth will level off before it picks up again

>>50105726
>airbnb
I want to fill their AC units up with spray form

Real estate never crashes unless there is a war (like, a real war with explosions) where the government cannot guarantee property rights. Or South Africa where niggers just steal your property from you.

>>50105560
The libertarian spirit in me is screaming at this post. REEEEEEE

>>50105058
>NOOOOO HOUSES ARE SUPPOSED TO JUST KEEP PUMPING FOREVER INTO INFINITY DOLLARS! THEY SHOULD NEVER GO DOWN, ONLY UP! IT DOESN'T MATTER IF NO HUMAN BEING CAN AFFORD TO PAY IT, NUMBER CAN ONLY GO UP! HOUSING PRICES GOING DOWN WILL MEAN MY RETIREMENT PLANS WILL BE PUT ON HOLD!

God I hate boomers so much it's UNREAL

>>50105813
?
how does a housing crash impact the rent you get or the money you pay to the bank?

sure if interest rates rise, that might also lower housing prices, but if your loan rate is fixed for a certain nuber of years, it shouldn't affect you in the short term

>>50105731
I can respect that

>>50105813
I hope you lose everything and hit absolute rock bottom.

>>50105058
It's wild to me that bloomberg and cnn put out these kinds of headlines. I guess it drives traffic but don't they ever think it could blow up on them someday?

>>50105697

as if that's unreasonable. Without the prospect of the pussy straight men have no reason to live.

>>50105871
Whats the defference, its AMERICA niggers steal lip balm and lays chips, wait until there retarded brain cant function on the government payroll, they just steal it from whittey because papa biden cant support DA COMUNITY

>>50105705
>there are no signs of that changing
Give it a year or two

>>50105829
nice shifting of the ol' goalposts after you were shown definitive proof that layoffs are starting at even the richest of companies

>>50105756
If only there was some relation between economic recession and vacation spending

>>50106019
A housing crash is unironically a bad thing. When housing prices crash, generational wealth gets evaporated. The vast majority of people only have wealth in their home's value. When the housing market crashes, those people (poor people) get wiped out.

The real problem is that the older generation has basically fucked the younger generation by selling their homes for their own retirement leaving their children nothing.

>>50106543
Net worth being tied up in a house is irrelevant if you live there for an extended period. It's a fictional value. Poor people don't have the means to pack up and move somewhere else, so having the value of their house collapse means nothing to them.
"generational wealth" is only lost if you're a landlord or a house flipper or a "real estate is an investment" nigger with 5 empty houses.

>>50106432
>“Realistically, there are probably a bunch of people at the company who shouldn't be here,"
how is this an indicator of widespread unemployment? also, how is laying off silicone valley workers an argument for affecting home prices since they're most likely renters or remote consultants in india?

>>50105450
Dare one man say THE BATMAN

>>50106602
>Net worth being tied up in a house is irrelevant if you live there for an extended period. It's a fictional value.
The problem is it goes hand in hand with the recession we're entering. 65% of homes in the US are under mortgage, a volatile economy means either arrears or foreclosures on a significant amount of the population, to say nothing of the people who shouldn't have been given mortgages in the first place. For the vast majority of people they can't actually plan that their 'forever' home is actually forever.

>>50106722
It doesn't matter what happens to housing prices if people were gonna default on their mortgages during a recession.

>>50106747
Ah, yes it does? Just because the entire economy goes to shit doesn't mean some markets can't crash harder than the overall.

>>50105813
Are you trying to get us to believe you aren't collecting any rent?

>>50106762
If someone can still pay their mortgage then the home value doesn't matter because they probably aren't selling any time soon.
If someone loses their job and goes bankrupt the home value doesn't matter because they are bankrupt.

>>50105973
housing prices go down->rent is forced down with mortgages
rent goes down enough->this overleveraged faggot gets wiped out

>>50105244
>cushy gay liberal arts-retail banker homosexual economy that we live today that changes in the same mood that a woman has a period every month,
rent free
>>50105244
>men are week
No. (you) are the one who is weak.
Toughen up and learn to spell faggot.

>>50106769
home value does matter if you lose your job.
you'd inevitably have to sell to pull out equity and downsize to reduce expenses.

>>50105813
Don't worry, Blackrock will buy your bags.

>>50106852
yeah you sell and then either mortgage again or rent into a crashed or crashing housing market, which saves you money

>>50105293
as long as you sell it at a massive loss

>>50105813
LARP

>>50106833
Whatch out anon, with the monekypox going around sucking dick for food might not get you that far

>>50105756
I know, air bnb is the biggest boomer scheme going, I have a house but it drives me insane when who I have friends who are priced out and pay outrageous rent because they are competing with boomers converting homes into hotels and our hotels are being turned into refugee camps and homeless shelters

>>50105058
damn right we are...

>why a housing market crash would be a bad thing.
If the market actually crashes the only ones who have capitol to pay are billionaire hedgefunds. Do you really want jews owning MORE real estate?

>>50105450
Based morbhead.

>>50105135
>it won’t apply to me

Then why comment about your situation? Nobody cares retard

>>50105135
Property tax tho

>>50105058
I'm praying the bubble holds and I can get out with at least 700k. Fuck nohomers.

>>50105058
>You have 20 seconds to explain to me why a housing market crash would be a bad thing.
its not.
even homeowners benefit because a market crash reduces home value which in turn reduces property taxes. the only people who fear a housing crash are the people who have mortgages. thats the thing, you need to actually OWN the home, which few people actually do.

>>50107186
They already do anon

>most extreme estimate is 15% over 5 years
>most likely is growth "slowing down"
gonna kms

inventory is not increasing, therefore no crash.

>>50106967
r e n t f r e e

>>50105705
Nah we just need to see a higher cost of living.

>>50107391
inventory has doubled in a bunch of huge markets in just the last two months. do any of you niggers actually pay attention?

>>50107440
no because choosing ignorance to be bitter is ironically more satisfying.

>>50105164
Kramer: I tell you, these entitled millenials are ruining the housing market!

Jerry: What do you mean?

Kramer: They're always expecting things to be handed to them on a silver platter. They think they deserve to live in the best neighborhoods and have the best houses, but they don't want to work for it.

Jerry: Well, I can see why they would want that. Who wouldn't want to live in a nice house in a good neighborhood?

Kramer: But it's not fair to the people who have been working hard their whole lives and saved up their money to buy a house. Now all of a sudden, the prices are skyrocketing because these entitled millenials are bidding against each other.

Jerry: I see your point, but I don't know if there's anything we can do about it.

Kramer: We could start a movement! Get all the entitled millenials to move out of the city and into the suburbs.

Jerry: I don't know, Kramer. I don't think that would go over too well.

Kramer: Well, we have to do something! We can't just sit back and let them ruin the housing market!

>>50107186
If that's what it takes to see property return to reasonable levels

>>50105227
You need the face but I like this meme

>>50105610
>spoiled and entitled 39 year old brats don't want to pay what my Zestimate says my house is worth

>>50105094
this

>>50105127
>t. zoomer that wasn't around for 2008

all this dooming has to be blackrock, etc trying to keep people from buying houses

>>50105450
It's all fun and games until a confirmed rabies bite case causes mass domestic pet quarantine in your neighborhood and pisses everyone off

>>50105058
You could just as easily make a title be "These entitled boomers are cheering for housing to become completely unaffordable"

NOOOOO YOU CAN'T JUST BUY A HOUSE WHEN IT'S CHEAP YOU HAVE TO BOOTSTRAPS AND HARD WORK FOR 75 YEARS LIKE WE DID

>>50108037
nah, they just bought so they park their money someplace till it’s time to buy the dip. they starting to sell now.

>>50106886
Wouldn't a low liquidity environment potentially mean more premium on volatility?

>>50105094
>unironically "number go up forever" posting
Nah, housing relies on importing 18 quintillion brown people to the west to keep the demand artificially high. All it will take is a global recession and food shortage to make the brown people stop flooding in, and we'll without exaggeration see -85% drops on many real estate values.

You know how liquidations in crypto cause stupid red dildos to form on the way down? Yeah, the same thing happens with people defaulting on their overleveraged $800k mortgages from people who earn $40k/yr. The banks won't be able to sell their repo'd houses fast enough and it will be a race to the bottom. A good time to sit on cash though

>>50105058
Literally everyone is cheering for a real estate crash and thinks its around the corner.
That is why it isnt going to happen. Instead inflation is going to make prices pump hard.

>accepted my fate as being forever single
>oh well, at least I can buy a small place, I don't need much without a wife and kids
>hmm, only big family homes for sale, how about I look at condos?
>They all have $500+ HOA fees
What the fuck is the point of buying a condo if even after you own it you're paying a huge HOA fee that could go up even more whenever they feel like it?

>>50105058
>seems the very image of entitlement
Get fucked, I want a house and I'm not ashamed of it

>>50108900
>Literally everyone
Touch grass, normies are all locked into their 40+ year mortgages and car financing they locked in with 0% rates. The people cheering on here do not represent the consensus. You think boomers are cheering for a crash?

>>50105094
Sure

>>50108998
you will own nothing
and you will be happy

We just had a housing crash in 2007-2008. The next such one wont come for decades

I am going to build my own house, fuck those overpriced boxes with a million that look the same down the street, and especially fuck HOAs and nosy neighbors.

>>50108998
>I must live in the city
Faggot, houses are cheap as fuck if you go full innawoods.

>>50105058
Jesus Christ boomers are truly the worst generation.

something tells me there's a lot of oblivious overleveraged people involved in real estate right now. it's a house of cards waiting to collapse at any second.

>>50109185
you're a retard

>>50105058
>WAH THE NEXT GENERATION WANTS TO BE ABLE TO AFFORD HOMES
I cannot imagine being this selfish

>>50105440
thank you very much for these posts, I forgot all about this joke and you executed it perfectly

>Wanting homes to become cheaper so you can have a shot at acquiring one for the first time in your life is entitlement
>Wanting others to be priced out of them so that you don't need to feel like you "lost" something on the house you already own isn't
Day of the pillow when?

>>50108853
>All it will take is a global recession and food shortage to make the brown people stop flooding in, and we'll without exaggeration see -85% drops on many real estate values.
Those brown people are the "economic stimulus" of Government. Number and line only ever go up!
> t. Australian

>>50105058
Then grandma can’t borrow against her house to pay her mortgage.

>>50106543
The truth of your statement is a matter of perspective. For millennials who are renting and trying to save up down payments right now, it would clearly be desirable for the price of housing to drop by half. My point was that someday these articles are going to result in another OkC incident.

It would be a great thing, doesn't mean it's going to happen. Wishful thinking won't change inflation, zoning laws, or stop BlackRock and friends from buying up homes. The entitled boomer who wrote that article has more political influence than the millennials getting fucked over.

>>50106543
Even that logic only works if you own as many homes as you have kids. Housing as an investment is a cancerous and plainly unsustainable idea that means future generations will be poorer and homeless.

>>50105813
> Severely overheated housing market
> Accept variable rates

You deserve to fail bro, ngl.

>>50105058
>destroy national identity
>reduce everything down to individualism
>promote a 'fuck you, I've got mine'-mentality
>people wish for a crash because it would optimize their individual outcomes
>NOOOOOO!!!!!! NOT LIKE THAT!!!!!!!!

>>50108900
I know an Uncle who works in one of these vulture SFH buying companies. Their entire job is speculation and they’ve been in business for 59 years running at a massive profit.
Their thesis is the same, but they also think a 40 year mortgage is coming. You think these boomers taking the decisions would resist their natural inclination to kick the can down the road?
Think rationally. Would they ever let the goylems afford a home or would they keep squeezing them until their pod dreams are fullfilled.

>>50105110
Wowwww. Someone accidentally figured out the that the entire purpose of NFTs are a digital record to provide proof of ownership of an asset. Like real estate for instance. Not some gay ms paint gif of a monkey. Congratulations. I see big things for you, anon. You’re going places.

>>50107186
Banks already effectively own every single house and property that is mortgaged.
>i..i..it will be mine in 30 years!
Yeah, and then you die and your shitheaded cunt of a son will sell it to a schmuck who will take a mortgage.

>>50105184
This. I'm a homeowner and even I think a housing crash would be good. OP pic is written by by some asshole journo and is trying to ragebait greedy homeowner types who either just bought or are wanting to sell

>>50105058
>want something super bad
>doesn’t happen
Law of magnetism Anon.
All you had to do was work hard. Millennials had yeeeeaaars to buy a house. We came of age at the fucking bottom. But instead of busting your ass, you decided to go into debt for a worthless degree and waste your time instead of learning to weld and buying a house.
>but boomers had it easy!
We had BTC, ETH, LINK, SHIB, TSLA, SHOP, AMZN, GOOGL. You could have made it waiting tables. You whiney fucking brats.
God I hate my generation.

>>50110595
why would anyone need this
the only record-keeping that matters in this instance is whatever record-keeping system the state chooses to use

>>50110623
>sure, boomers could support a family, a house and a retirement on one blue-collar income, but look at all the ponzi schemes you millennials could've speculated on!

boomers won't let the housing market crash until 90% of themselves are dead.

They will continue to use their political authority to drain other markets, lawyers to block new markets, and suck dry the economy while increasing the housing bubble.

they have no plan for progression in an upwards lift of the economy, literally anything that grows is a threat to their one big investment, their house.

>>50105692
Israel helped Apartheid South Africa develop their nuclear weapons programme not the other way round. Jewish American scientists who worked on the Manhattan Project in WW2 left for Isreal to become citizens where they started the Isreali Nuclear Weapons Program .

>>50105871
>Or South Africa where niggers just steal your property from you.
/Pol myth.

>>50106722
I move a shitload. Like I’ve lived in 7 states and I’m only in my 20s. I do not understand at all the concept of a “forever” home or this weird infatuation with buying.

Move around, get raises, buy a home at 45 and pay it off in 20 yrs so payments are over as you get ready to retire. Do motherfuckers really want to live in the same place age 25 til death?

But I am entitled... entitled to own a house you cunts, give me land, it's my birthright. BTW all shitskins should leave my country.

>>50105731
yep, skinned alive, live streamed on jew tube

>>50105058
>1 million dollars for a shack
>why are these millennials so fucking entitled godungit

>>50110623
you're a fucking idiot

>>50110623
>We came of age at the fucking bottom.
Must be nice to have had affordable housing ever in your life

>>50105450
>federal government protecting rats with wings
I guess rats gotta look out for each other

>>50105615
is this an actual game?

>>50105094
inventory is already up in my area, and prices are being slashed. them cash offer days are over. no one is buying right now. wait till unemployment hits 10% and all the email job roasties can't make their payments.

>>50107721
>buy now or be priced out forever!
Unironically you will never own a home

>>50111944
Yup. It's the same here. Ireland has a much worse problem because there's so little inventory (artificially of course, there are lots but they're purposefully not on the market to drive prices up) you literally cannot even find a place to rent, but over the past 2 years I see housing going up everywhere. Even in the smallest areas possible new builds are squished in like sardines. Building has huge demand right now and it's where most of the jobs are due to it, people are crying out for tradespeople.
We don't get long term fixed mortgages like the US, it only lasts about 5 years and a lot of people don't take it because they want the option to pay off lump sums without penalty. This is the case for many EU countries. Once those interest rates go up shit is going to hit the fan.
It is but a matter of time for most places in the west where we're all going through a similar situation. I remember the 00's crash and all the people convinced it would never crash, the things being said are literally identical cope to what people were saying then too. Anyone who doesn't see the writing on the wall is deluded because they don't want it to be true. The public is starting to be warned over here about proceeding with extreme caution for buying housing due to incoming interest rates, once the fear becomes too high and there are no buyers anymore due to being priced out (that is already happening here) it will crumble. My grandfather is a landlord with many rental properties and even he knows it's coming.
I didn't even mention China and the utter shitshow it's in atm. It's best to not even think about China's housing situation and the ripple effects it's going to have.

>>50105580
the great depression happened in a time when money was backed with gold, which means any economical problem was way worse and harder to recover from, since you couldn't just print money to stimulate the economy, then perform quantitative tightening to reduce the fiat amount back down. those were some stupid times lol.

>>50111738

>>50105058
collapse will only decrease median house price by 20% as seen during the 2008 recession

cope harder. Housing prices will never be as cheap 20 years ago let alone whatever they were during 1960

you will be in 3 generations of debt. (thats if you ever breed) get over it

>>50106062
>living for some pussy
kek. its just pussy. and its not hard to get either. casual or something long term. stop being an unwashed, fat incel and women will start noticing you.

>>50111478
start pulling up your bootstraps

>>50108853
>global recession and food shortage to make the brown people stop flooding in
the opposite. hungry unemployed 3rd world masses will flood into the developed world more than ever.

>>50108280
who's gonna buy all that shit at an apparent market top? lol.

>>50110623
>We came of age at the fucking bottom
There were literally no jobs, highly skilled and educated people were so desperate for any job at all they were applying to flip burgers in mcdonalds and getting rejected, how do you get housing if there's no way to build capital and banks won't give you a mortgage?
The only people who benefited then were vulture funds and wealthy boomers/gen x who could afford to snap up properties.

>>50105094
Lol, cool cope. I also like making up facts.

>>50107261
This. Nobody actually owns. They're just renting another asset that "appreciates" in a devaluing currency. The pen and the sword both have their place. You won't take any of this with you.

>>50109025
Problem is, m2 supply also grew over 40%. Demand is up too now that the dollar is devaluing.

>>50105731
This.

>>50105058
here's why:

clueless rentcuck: "house prices finna drop fr fr no cap n i finna buy a place real cheap"

*prices drop 30%*

clueless rentcuck: "gimme a loan"

bank: "too risky, you now need twice the collateral as before and we're gonna charge you twice the interest rate"

clueless rentcuck: "ayo shheeeeiiiiit"

>>50110258
Its bankers, Jews, and crypto banker Jews writing this stuff. They're trying to get people to disagree with their asset pricing going down. It's a social agenda with valuation hedging in place. Same reason you don't tell people to steal. It's so you don't lose your money to a theif. Only difference is they're not voicing this on any moral grounds.

>>50105829
we will NEVER escape the rat race to own a home, money will literally never be enough...
sweet...

>>50112436

>>50110258
anon, do you have a pic of the rant of some guy from /b/ whose parents spent their life making sure more immigrants go in the US? he put them in an abusive retirement home full of immigrants and black people and the boomers begged him the next day to let them go back lol. it was hilarious but i could never find the pic

>>50105094
highly location dependent. my parents bought a home for €230,000 in 2006. it's now worth about €240,000. when you consider real inflation, they lost money
yeah in burgerland hot zones houses go up and up. because your salaries have also exploded, with every software engineer cuckold getting paid $300k for copypasting google searches

>>50112423
*no one can take out a mortgage to buy a house*

*prices drop 30%*

*boomers forced into nursing homes in mass*

*price drops another 30%*

>>50105058
>millennials wanting to buy a home is normal not entitlement
>a housing crash would devastate the economy since housing purchases lead to purchases of large durables which drive economic growth. a crash would create a severe overall recession
>there currently is a shortage of housing both to buy and rent so a crash is very unlikely
>construction costs are below pandemic highs but still well above pre-pandemic levels
>much of the materials used to construct a home come from china and are in short supply
>housing costs are high for legitimate reasons listed above and will remain so for the foreseeable future
It honestly sucks for rentoids right now but just because you can't afford a house in your preferred location doesn't mean the housing market is going to crash

>>50112318
> Brisbane and Adelaide prices out of control out of control because of The Stairman's lockdown spectacular
Fucking kek. All of those people laughing at Melbourne sure arent laughing now.

>>50105058
the article is right, you millenial and zoomer fags are entitled as fuck, thinking you can own everything without working a single day. I wonder if the upcoming 20-30% "crash" will help you buy a house kek

>>50105058
This "article" is from April 2020

>>50111408
I'd rather pick a good place and live in it for decades than have to move around every two years and keep working until 65 before I could retire.

>t. retired at 32

>>50108853
Except birth rates around the world are plummeting, SEA, Asia , Latin America, except for Africa.

>>50111340
Isreal stole their nukes from the USA. Mossad caused a massive ecological disaster in Pennsylvania where nuclear fuel is made.

>>50112689
I'd rather be homeless than live under Stairman Dan

>>50105094
This one will be worse than 2008

>>50105094
fpbp

>>50111408
>Why not be a rootless Jew like me!

>>50105058
crash ffs

>>50113103
Even Africa is starting to come down (even tho the average is still way above anywhere else)

>>50112568
literally me, don't understand why you guys didn't go Software Engineer maxing.
invalid answers:
>it's hard!
no it's not if u can solve these captchas you can do it
>it's boring
ok enjoy being poor

>>50113179
Because I don't want to be stuck working around autistic trannies.

Seriously, codecels are the most insufferable people.

>>50105058
lmao these stupid "elites" took advantage of crashes to make their fortune are now concerned about what others do

>>50113153
It's not that bad, we just need to salute him each morning at 10am.
Also picrel, peice of "entry level" volume builder home.

Blows my mind how low boomers can go.
Is like, they know no shame.

>>50108853
One of the more retarded things i’ve ever read on /biz/ lmfao and I was in the Bingus thread

Put stink bids in on high value property then pull out last minute. Make them suffer

>>50105232
Sounds progressive, and full of progress.

>>50105731
voted with yes
>>50105697
>entitled roastie slut
bitch nigger kike ill chop you into minced meat

Why don't you learn to code? Pays well

>>50105058
FUCKING MILLENNIALS!

Municipality’s would have to raise tax rates instead of just passing policies that increase house prices to increase tax revenue.

>>50105286
>!!!!!!!!!!!!!!!!!!
top kek

>>50114697
when do we start executing every blackrock employee and seize the houses they're buying?

>>50107258
You care, you butthurt faggot

>>50112582
True, boomers will eventually sell their homes as they are dying off at a faster rate due to all of the fatty foods and cancer.

>>50105708
Not as population and demand increase, dumbass.

>>50105871
They steal it only if you let them.

>>50114697
>oy gevalt these entitled millennials never even sacrificed a baby

>>50112311

kind of why i dont consider the data that valuable. i understand there is chance we experience record breaking crash but this chance is not something I would bet 20$ on, let alone the tens of thousands of equity in some property

>>50105058
Wtf should I do? I want to move badly and can afford it easily, but I don't want to miss any opportunities with the stock market whittling down. My gut feeling is to just keep waiting.

>>50105058
They waited too long to raise interest rates. They never established any rules to help first time or primary home buyers, such as a 30 day window where investors would be locked out of buying a house.

At this point, there is nothing, but investor parasites who are primarily responsible for this problem. They have mortgages for $1,300, but force the renters to pay $2,400 and then they have the audacity to say they are performing a vital service.

There isn't anything that can be done. It will only get worse.

>>50110623
kys, retard.

Millennials are starting to hit their 40s now. If you're in your 30s and still can't afford a house, it's your own fault for being shitty at managing your finances. Take some responsibility and stop blaming other people. You should be renamed 'the whiny generation'

>>50110623
>We [were just getting out of school and had no money] at the fucking bottom. [And then real estate went on a ten-year bullrun, outpacing inflation even as said inflation outpaced wage growth.]
That's the problem you windowlicking goon, not a reason why it's okay and we should've just pulled our bootstraps harder. 2008 was not a chance for us to buy. Our chance to buy is coming up in the next crash if it's ever coming at all and, unsurprisingly, the usual suspects are making their every intention to prevent that from happening clear.

>>50105058
This journalist is going on the list.

>>50105058
Why should it crash? Why shouldn't you just keep renting for the rest of your life?

>>50111790
>t. mosquito

>>50111172
The record keeping system could become a standard which supercedes the existence of the state.
Kind of like the metric system. Or bullets.

>>50111822
yes
https://en.wikipedia.org/wiki/Shadow_President

>>50117334
>The record keeping system could become a standard which supercedes the existence *of the state's monopoly on a practice.*

>>50114964
Kek.

>>50110595
People figured that shit out ages ago anon but NFT's don't provide that technology that's already been around for awhile
All NFT's do is provide from of ownership of some gay ms paint gif of a monkey

>>50105705
You should really look into how unemployment numbers are calculated. It means absolutely nothing.

>>50105094
>>the only events capabale of happening in the markets are repeats of the last 100 years

>>50110595
>a digital record to provide proof of ownership
Literally impossible, retard.

>>50110623
>we came of age at the fucking bottom
nigger how was I supposed to get a mortgage in 2008 when I couldn't even get a job? I agree on the crypto part though. One of the very few chances to genuinely make it waging.

>>50105058
The Fed is literally trying to crash asset prices.

>>50117913
they are not "trying", they are succeeding.
asset prices are set by available credit.
available credit is set by interest rates.
they will keep raising until there is a crash.
if the next raise doesn't do it, they will raise again.
until it's done.

>>50117731
It already happened and works tho

>>50105871
I find that South Africa scenario fascinating. You can bet 10k that I'd have an enormous amount of nigger kills. It would be almost glorious, full rights to just mag dump niggers when they trespass. Seriously, I'd be the white nightmare that haunts them in their faggot nigger dreams.

Mag dump a nigger if they're threatening your life. Dump the whole god damn mag

>>50105058
>price going down...LE BAD!

>>50115392
Shut the fuck up faggot. I'm 41 live in the bay area and would NEVER buy a 1500 sq foot shoebox for 1.5m. I make 200k/year

I want the entire system to burn to the ground. Fast.

>>50117985
Mathematically impossible.

>>50106476
some people just live in them since you can pay month to month

>>50106790
This is not what has happened any time over the past 50 years. Everg time there is a recession, people get wiped out and MORE people have to rent, driving rent demand up.

Not my problem :^)

>>50113202

holy cope if you cant compartmentalize yourself enough that you miss out on getting paid 150k-300k/yr then you deserve whatever low wage dulltard job that will employ you

>>50105589
>south side
Yea that's because it's in the ghetto

>>50105375
i love cybersecurity and it pays a lot. I make $170k

>>50105094
Perhaps, but there are people who couldnt afford it 5 years ago that could use a discount now

>>50113202
>>50118432
there's a bunch of trannies at my company and it just keeps going up. It's actually concerning me because my spider senses are telling me I'm going to get fired at some point for not being antiracist or pro trans enough

>>50112311
>those were some stupid times lol.
yeah the government creating value out of thin air is so much fucking better lmao
kill yourself fiatcuck

>>50118405
I would love to know why people come to a thread and say "I don't care"
like we are all wondering how it effects you?

>>50111958
wrong. stay mad about your small-time investments, pussy nigga

>>50118961
He's offering an alternative that is actually constructive but you don't want to put in the effort.

>>50118202
based destructive tech wagie bro. i too want it all to burn even if it takes me and my family with it. every time i see some faggot in a brand new Tesla i feel like it would be worth being in the poorhouse if the person driving it is forced to move back to Wisconsin or whatever as they file for bankruptcy when they can't get another nodejs job

>>50105058
It's retarded that boomers even care about the "value" of their house. Their mortgage payments are fixed, not indexed to the value of the collateral. It only matters if they want to continually refinance to take on more debt for spending money using their inflated home price as more collateral.

>>50119723
>It only matters if they want to continually refinance to take on more debt for spending money using their inflated home price as more collateral.
And they do. They unironically believe that you are selfish for wanting to be able to own a home if it means they won't be able to take out as many loans to buy more shit.

>>50118298
I did this for a few years. Lived all over the world and worked remote. Deep discounts on many airbnbs if you rent them for a month or more, then you can bail, do recommend if you can swing the remote thing.

>>50105058
Yeah, why wouldn't anyone want to pay $200k or $300k for a shitbox 800 Sq ft condo?

What entitlement!

>>50119723
Yes I care because I want to make sure niggers and other undesireables (you) remain priced out of my quiet, white and crime free neighborhood.

>>50107493
Where's the funny?
kek. I hit my funny elbow right after writing that.

>>50106769
It matters because in a good housing market you can sell your home when you run I to trouble. If housing crashes you end up under water and have no other choice but foreclosure

>just dont be fat
Thin attractive white male with a good job, stil no gf, dating is absolutely fucked right now. 60+% of men arent having sex at all

>>50118202
Sucks to suck

Oh yeah oh yeah
Kill all the boomers

The boomer calls himself civilized
Cuz he knows how to take ocer
The boomer comes to pillage my village
Now he tells I have to bend over

Oh yeah oh yeah
Kill all the boomers

>>50119279
>even if it takes me and my family with it.
lol lmao
thats some quality brainworm they got you hooked on

>>50105058
https://www.ccn.com/these-entitled-millennials-are-cheering-for-a-housing-market-crash/

Authored by W. E. Messamore, "Markets Contributor for CCN living in Nashville, Tennessee"

aka Wesley Messamore https://www.ccn.com/author/wesley-messamore/

And HE HIMSELF IS A MILLENNIAL

And, apparently, also a RAPIST

https://sci.ccc.nashville.gov/Search/CriminalHistory?P_CASE_IDENTIFIER=WESLEY%5EMESSAMORE%5E02191987%5E409386
>although it looks like he was found guilty of Assault, not Rape. Not sure if that was a plea down or what.

>>50120556
Spam this shit back to his faggot followers on twitter

>>50105058
please can it just wait for my flip to sell I just put it on the market please I cashed out crypto in feb and put all my money into this flip please I just listed please please please

>>50111790
Rats are cute and smart. Fuck off jew.

>>50105142
this. we wont see another 2008 style crash.

>2008 crash happens
>massive numbers of home building contractors go out of business.
>building capacity dries up
>economy recovers
>building capacity lags behind and still hasnt recovered fully since
>Joe Biden has entered the chat
>economy shits on itself again
>capacity and inventory still strained

>>50105094
>what are black swan events

>>50107291
>What is a fixed interest rate?

>>50110215
Can someone explain what happens to these guys during a market downturn? The series of events I imagine is something like
>>real estate goes down 10-40%
>>have to rent our place for less rent
>>can’t sell rental property due to losing 10-40%
>>can’t make mortgages on multiple rental properties due to less rent coming in
>>foreclose on properties

It’s that last part that’s fucking with me. What does foreclosing on $3300M even look like? Does he have to pay it back? If he files for bankruptcy is it all forgiven after the banks take the property back?
I’ve looked into what these guys do, and realistically this guy built all this wealth off of $100k max. Can he just do all this again in 7 years after it falls off his credit? Do the banks send out goons to break his kneecaps?

>>50108145
that's the point

>>50120556
Why..why did you already know this?

>>50120907
forclosure means the bank auctions it off for whatever it can get to pay the outstanding debt or the bank takes ownership and sits on it until market goes up again

>>50105058
damn right I am, eat shit boomers work another 10 years if you want to retire

>>50105094
seems pretty likely that we are in between the "jump" part and the "crash" part though

>>50105286
Should be they're* age

>>50110595
Proof of ownership ain't worth shit unless there's government enforcement, retard.

>>50118202
200k in the bay are is like minimum wage everywhere else.

Not going to happen. Treasury yields are already tumbling down. Mortgage rates will soon follow. The markets are calling Jerome's bluff -- there will be QE and sub 75bps FF rate by late this year or early next year. Housing will continue to rise because of it.

>>50118202
200k in the Bay Area is nothing to brag about

I unironically cannot see housing ever crashing. It's not like 2008 where everyone was over leveraged with mortgages they can't pay. The system got more robust so that there is far less risk to lenders and gate kept poor fags from buying. This one point alone destroys the over leveraged narrative. I doubt a mass supply of housing would hit the market when normal people try to sell at at once, unlikely to happen. The only way a housing market crash would occur is if the big companies that over bought like Zillow goes bankrupt but that is highly unlikely. I can't hypothesize any reason a large amount of supply would hit the housing market and demand is still growing as millennials are getting more and more desperate and zoomers are becoming of age. The only way I can see housing go down is if there is some fundamental change in the system or someone innovates the industry to increase supply.

>>50105375
Confirmed for will never have enough to be happy

>>50105058
fucking millenial scum thinking they're entitled to owning a home.

>>50105058
>entitled
How very selfish of me to want to buy a house for a reasonable price that isn't bubbled up by mass immigration, hedge funds buying them up on speculation, and boomers thinking +300% is a reasonable profit on the sale of theirs.

>>50105286
you forgot
>Army Reserves 1971-1972

>>50123902
> why did it go up?
interest rates went down
> are interest rates going up?
yes
I'll let you extrapolate the rest

Boomers have ruined this planet

>>50120907
I don't have any personal experience but Kevin O'leary has talked about it a few times. 2008 was enough to spook him into diversifying into every market and never leveraging more than he could pay off fast.

If I remember he has mentioned he knows people that were at his level before 2008 and after 2008 lost it all. To this day they still haven't recovered. Pic related is a good example. Investment is a whole other ball game and the contracts with the banks are different.

>>50120907
>and realistically this guy built all this wealth off of $100k max.
Also just to add, someone saying "$335M owner" doesn't mean shit. There is so much more that goes into investment properties. I read a figure somewhere that big rental operations usually only get around a 4% return. I would like to see what this guys cash flow is. Not the hypothetical un realized value of the property.

If you want to be a real-estate investor you really need to lean the numbers, the math, and how to see through the bull shit. Plenty of investment castles built on sand if it were and you need to know how to spot them.

>>50113406
If you're an unironic American baby boomer that's just as awful as 4chinz says you are why would you stahp at this point? Most of the unironic shit boomers are beyond redemption. With how fat and unhealthy they are they have only about a decade or so left before they're ded. What could they even do at this point to redeem themselves? The best thing they could probably do at this point is just admit they fucked up and step aside to let somebody else clean it up. Especially the federal reserve. They're not running into gunfire to save the west.

>>50105058
How can it not crash, within 10 years most boomers will be too geriatric to go up stairs let alone live and own homes.

>>50105094
natural housing price inflation is 4-5% yoy anything over that is overvalue (ie debt based speculation).

>>50105142
>ultra limited supply
false, there is literally no supply issues ever
>he thinks a crash will ever come
crashes occur because people cannot afford the payments not because of supply/demand issues.

>>50120791
building capacity is never really an issue, not in 2008, not today. There is no shortage of homes. There is a shortage of affordable homes.

>>50123902
high iq post

>>50105058
I just want boomers to suffer. Simple as.

>>50107493
Have you ever watched a second of Seinfeld or have any clue who these characters are

>>50105735
yeah. suckerberg is predicting the economic crash of his shit website. the rest of the world doesnt gaf