/biz/ - Business & Finance

>>50557374
What fantasy land are you living in? The amount to rent is probably like double it is to buy.

>>50557374
its either going to drop 40% or just keep going up from here, no inbetween. imo we are going to get more QT and rates falling when the rich/gov realize tightening is really going to end the world. look at japan. look at europe.

>>50557400
where I live for a small 1 bedroom 1 bath apartment thats not in the ghetto is about $1,900/m which is close to what a monthly mortgage would cost for a townhouse like pic

>>50557374
>10%
is that really going to make a big difference?

>>50557408
Yeah, you say all of that; but look a Canada.
No bubble lasts forever, eventually it will pop.
>proof
Like a said, just look at Canada.

>>50557408
>its either going to drop 40%
that would be great
> imo we are going to get more QT
how do I get one? Are realtors qt 3.14s? or will the qts come when I own a house?

Against all better judgement I am looking to buy right now.

Honestly I think if you don't have to, just wait.

>>50557374
Holy fuck imagine having to go well into 6 figures of debt to share walls with neighbors. Condo gang, we are NOT cool.

>>50557474
If i can save somewhere like $50k by waiting for housing costs and interest rates to drop for 6 months, 'm gonna do it.

>>50557483
its a townhouse. nobody lives above you in a townhouse

>>50557507
But they do on 2, possibly 3 sides. Fuck that noise.

>>50557626
a condo is not the same as a townhouse.. If you own a townhouse you own everything from the ground to the roof. You just have 2 other houses connected to you on the sides. Not above.

>>50557400
Not true after factoring in all costs of ownership
You people who think landlords are making like 50% profit margins are retarded

>>50557374
I'll give you a hint, plot housing indexes against M2 or SPX and see for yourself. What you're seeing is simply how much they printed since '08, which is a lot. We're in the takeoff phase of the bubble. Next is bear trap, the markets will go down a bit because of some oopsie because of money printing or whatever, will resume as normal and people think the crash is coming. Next enthusiasm and so on. Once normalfags like wsb are discussing real estate and loans you know it's getting close. Right now we are near the bottom which was two years ago.

>>50557374
looks like a complex in east windsor new jersey

>>50557852
The only way prices go up from here is if they go back to QE, which would be disastrous for everyone, including home owners. i.e., hyperinflation

>>50557879
it would be distrastraous..but would it really?
you can get some serfs... bitches to fuck you just to let you use a spare bedroom...yes....

>>50557483

Exactly, I'm a rentoid and I'd consider buying a townhome, but I live in south Florida so my greatest fear is having loud, stupid non-White neighbors and not being able to get out. Even if the neighbors are good when you move in, at any moment there could be a wild pack of Hispanics moving in next to you a month later. You'd be totally and completely fucked. That's the closest thing to hell on earth, holy shit, could you imagine?

>>50557879
No significant QE compared to now before '08 and prices went up. Prices went up all the way until the 80s in increasing interest rates. Prices will go down if there's a problem in the system regarding liquidity which happens if people can't pay their loans. It can happen, I'm not saying it won't, I don't know, it will be the bear trap. Liquidity can't end long term because there are no houses, therefore you take loans, always more people to buy, long term of course. Impossible to crash in a long horizon, but even short term I find it unlikely since companies have record profits, I simply think people cut off on those things first in case interest rates rise but hard to tell

>>50557869
no. Fairfax, Virginia

>>50557734
>You just have 2 other houses connected to you on the sides.
Connected wall living is bullshit and fuck your semantics.

>>50557490
>housing costs drop
>interest rates drop
Pick one and only one.

>>50557374
Give it a few months, i don' t think we're gonna go full 2008 tho

next housing crash is scheduled for November 2046

>>50557827
You forget that most are leveraged a fuckton. So while on appearance he’s making 8% he’s actually making 40% if using standard 20% down.

>>50557374
Buy land and a trailer.

>>50557446
No one wants to live in Canada besides poor, uneducated people.

>>50557998
You live in America, you already have millions of non white neighbors.

>>50557374
All of us need to shill that RE is falling

>>50558452
no

>>50558312
>land ownership is semantics

>>50557374
wait a year or two. It'll stop as soon as Fed starts QE again

>>50557374
Never

Guys I'm gonna need to pull the trigger soon

>>50557400
I rent a house that i could never afford to buy. My landlord is like 22year old female woke trust fund kid and just keeps renewing my lease at same price. She is an absantee landlord and i dont think she needs the money short term. I probably pay 110% of what her payment is and 60% of what my payment would be if i bought it from her. My houae probably only crosses her mind when i renew lease. Its probably tripled in value since her dad bought it for her.

>>50557374
A nice tent is like 70 dollars bro

>>50557374
>>50562405
>>50562481
i thank god everyday i'm not a subhuman cityroach and live in an actual house surrounded by grass on all four sides, dirt below me and the sky above me

>>50557374
Not sure what "wait for 10% drop" means.
Our house was listed privately, we saw it same day it was listed. Owner said he was having an open home that weekend, please stay away until then because people live in the house.
We went straight to the house and asked the tenants if we could look around. Then rang owner and said we wanted to come and speak to him. Brought a sale and purchase agreement and negotiated a price below his asking.
If we had waited for the open home we would have lots of competition and he would have got 100k more.

>>50562532
>i thank god everyday i'm not a subhuman cityroach and live in an actual house surrounded by grass on all four sides, dirt below me and the sky above me
Wood houses in the middle of nowhere are always a poor investment. In business and raising a family

>>50557374
>when is this going to fall?
It's not not dream on rentoid
>I refuse to get a rental because the monthly cost to rent is nearly the same as it would to pay a monthly mortgage for ownership. Absolutely retarded.
Yes you are absolutely retarded hope you enjoy homelessness because that is your futures
>I need the market to drop another 10% bros.
HA HA HA get in the pod rentslave

>>50557374
The boomer generation and its consequences have been a disaster for the human race.

-Ted Kaczynski

Reminder that every boomer who has been paying a mortgage for 20 years only pays $500-$1000 a month on their mortgage :)

>>50562687
Hell, my parent bought their home 6 years ago and pay a mortgage of $1700, if I bought the exact same house now, my monthly payment would be $3200.

>>50562405
$565k to share walls with moolies

>bitch and moan about houses being too expensive
>years pass
>houses still expensive
>studied and got my real estate license
>now I don’t want houses to crash

If you can’t beat the Jew join them

>>50562602
Even the shittiest looking rural truck stop in the us beats the suburban strip mall hell’s that surrounds me for miles

>>50557374
In the frothiest markets it definitely already is showing up in aggregate data, meaning it started crashing two months ago. see phoenix, boise, new zealand, or canada. lots of inventory and price cuts.
in my area there's starting to be more nice houses with price reductions and inventory is way up, so it's beginning. here, i can get a nice ass place on land and near a lake that all the rich fags hang out at, all for 550k.
I would say give it a year and we'll have an idea of whether we will proceed with a "new normal" or if free market forces (buyers' purchasing power) will rule the day again.

housing prices can only go up forever

>>50562602
because i'm sure this is better for your family than getting some time in nature.

>>50557374
it has dropped like crazy in areas that should have always been cheap while dropping modestly in places like LA

>>50564544
The poor people like that that
My house has about the space as 9 houses with a nice big fence and trees giving extra privacy

>>50557400
You do realise rent has a ceiling right? Rent can only go so high before renters cannot pay and once that happens landlords will start defaulting on the loans they've taken and the rate of defaulting will crash prices faster than when luna crashed.

Rent can only go up another 80% before they wont be able to find tenets.

>They'll need to be able to raise it over 400% by eoy to survive but they won't find tenants able to pay for it since wages haven't gone up. Unless landlords start lobbying for massive wage growth like 10 years ago they're fucked

>>50557374
It's not going to crash anon, there are not enough houses for everyone

>>50558441
this is an absolutely crazy thing to say. So misinformed and downright delusional.

>>50558424
That's not how it works u fucking retard lmao. If it was 8% growth in price for capital gains sure, definitely not for rentals lmao. By the time they pay their mortgage and other related rates the actual profit leftover is closer to 1 to 1.5%. With rate rises this is probably closer to 0%

No propertiers need not try and refute with your salty ass arguments. Do some proper calculations before shitting up this board more

this is a demoralization thread

Pic related. It's been on the market for awhile so the seller is desperate to sell. So you offer 10k under and get this for $55k. Finance with an FHA loan at 5% down and your all in for only $2750. Assuming a 7% interest rate your monthly debt service would be $350 plus say $125 for taxes + insurance. So you're looking at $475 per month. But it's actually less because we're not including the principle pay down and tax benefits that you get. There's literally zero reason to still be wasting your money on rent.

>>50566460
>investor "special"

>>50557408
Japan is fucked because they had loose credit

>>50557446
Canadians are unable to think. Their bubble is hard to pop because they truly believe in it.

>>50557852
Midwit rambling

>>50558035
Credit issuance increased massively 1997 to 2008, culminating in a crash which qe backfilled

>>50567584
>>
>>50567584
keep buying the narritive

reality
crime near zero
wages up
house price down and won
population down
robots up
environment improveing
an [NOT] hero ex president moon with actual cyber punk gun
age of consent 13

>>50562539
You just bought at above fair value from a seller who knew he had no other interested parties, you tard.

>>50564455
Bury your own kin in shit. Good mutt.

>>50565642
Biz doesn't understand how prices are set at all.
They think like children. Prices are set by what landlords need to clear a profit, in their tiny minds.

>>50557374
Never. Any drop in demand will not offset the fact there is zero supply.

>>50567711
Supply is down: the supply of credit

>>50565642
>Rent can only go so high before renters cannot pay and once that happens landlords will start defaulting on the loans they've taken
I hate midwits like you
Rent doesn't fucking matter, they are like dividends for stock, a nice bonus, nothing more
The reason why real estate goes against all economic and historic trends right now is that it's being used as a money storage vechicle, aslong as you can use the value of real estate as a collateral for other investment it simply can't go down

>>50565681
There's room on the street

>>50562405
>watch children
Don’t mind if I do hehe

>>50557852
>>50558035
Educated retard
>There are no houses
Kek what?
>>50565681
Shut up eurofag this is a mutt thread

>>50568011
>Rent doesn't fucking matter

Fucking spastic

>>50565642
>Rent can only go up another 80%
What kind of bait is this? Tone it down a little. This is way too obvious.

My house cost 400k sterling and looks like that and its not in London either just a town in the south east .

Uk incomes are also 25/30% lower than in the us from what I've seen online .

>>50569528
And the only way anyone (including me) is able to buy anywhere is that their parents have lots of excess wealth due to the gains they made from the housing market increases over the last 30 years .

My parents house was bought for 260k in 2000 and sold for over a million this year

>>50557374

Just fucking buy if you can.

Even if you are right and housing prices drop, unless you are buying in cash you may not even be saving any more because of interest rates, instead just paying more to the bank/government instead of the seller.

Ideally yeah, you could buy a cheap shit house in cash, then if prices drop you can buy a better house in cash. That is the only way to really benefit from housing prices dropping but interest rates going up.

If you don't have a few hundred thousand lying around, unless you want to be homeless, you need a house. So you can borrow the house by renting, or you can borrow the money at ridiculously low, government subsidized rates. Obvious choice for the non-retarded.

>>50569784
I felt deep secondhand embarrassment reading this

>>50557374
its never falling in canada. the country's real estate/economy is propped up by gouging desperate brown people into enrolling as students at diploma mills just so they can get citizenship and work as a $15/hr ups driver.

>>50565642
they can replace those newly homeless renters with immigrants and financial assistance if the renters cant pay anymore

>>50565642
>if you are still paying for internet access you can pay more rent
>if you have Netflix you can pay more rent
>if you have a cell phone you can pay more rent
>if you have a car you can pay more rent
>if you buy clothes at stores besides goodwill you can pay more rent
>if you ever go out to eat you can pay more rent
>if you eat food that didn't come from a food bank you can pay more rent
Shelter is a NECESSITY which means rents can go to extremes before they stop being paid

>>50557998
oye acere, don't you want to live next big booty latinas?

I think that when my lease expires I'm buying something. Fucking sick of being a rentoid brehs.

>>50569587
a pyramid scheme that is going to collapse now the fed are raising rates

>>50568642
>cant read a chart
Yeah you re clearly a mutt

>>50565642
You do realize that most landlords have a job too right?
The ones who done have landlord as their job like this one guy in san Bernardino with 3k properties
He gets so much money that he has his own maintenance company to service it all
its easy money and a good amount of it is section 8
Most of these landlords bought at a 5th of current day prices so there will be no issue for them

>>50569784
If the interest rates go up, you can get subsidized low income loans or subsidized state loans which will make it cheaper for you overall, compared to high rates, not to mention the possibility of refinancing to lower rates when the Fed re-loosens.

>>50572336
I can read dumb ass that chart is a joke. comparing housing between Europe and USA is laughable cope.

>>50566460
Where is that house located and what's the racial demographics? Tell us Anon...

Because a lot of boomers bought second houses and use the rent to pay the mortgage.

>>50557408
This is actually a correct analysis. But if I had to get, I would bet on the drop. The dip won't last long though. Have your bags ready.

>>50568011
>Rent doesn't fucking matter, they are like dividends for stock, a nice bonus, nothing more
>what is maintenance
>what are taxes
>what is insurance
>what is interest on your mortgage
unless you are a big black rock which you are not it does matter. if you don't have someone living there and paying you for doing so you're in the red.
>>50572525
even if they do and they are well paid there is a limit on how many properties they can maintain when nobody's living in them.

>>50557374
It's falling right now. A lot of you are going to get burned by waiting for a 60-80% crash.

>>50569784
>what is refinancing
Retard take. Can never renegotiate what you agreed the value was, but you can always refinance your interest rate. I'm glad theres tons of people like you because your stupidity enables me to thrive.

>>50557374
Get a job.

>>50565642
>tenets

>>50564375
>>50562687

>>50557374
would rather buy a condo in thailand

>>50565715
hes right wealthy canadians are fleeing en mass to places like dubai right now

if i got a 30 year mortgage rn, i would pay double the house's value

>>50572525
>>50570183
>>50570043
>>50569292
You lot are either children or women in either case I won't bother explaining why you're wrong because you clearly lack the faculties to reason.

>>50557374
industry insider here. It won't. If you do not own a house within the next 3 years you will be a renter for life. Heed the warning.

>>50565642
you do realize renting just to rent is going away retard? the new incoming scam is rent to own. landlords are finished. only a small handful of big banks will control the entire housing market. when all the student debt riddled retards hear "rent to own" they will flock in hoards out of major cities.. If you are a landlord it would be wise to sell and buy land near cities with high volume building permits. big cities are going to be dystopian ghost towns in 10 years simply because the infrastructure needs a complete overhaul and tearing down existing buildings would likely cause health issues considering old building practices.

>t. top 100 builder NA

>>50578137
>I got btfo so I'm going to pretend I'm right.
>>50570043
This

>>50564455
There are more real estate agents than houses for sale. How do you even manage to find a client

>>50578267
This is a literal top indicator.

Decreasing demand.
Increasing supply.
Increasing interest rates.
Increasing unemployment.
Stagnating/decreasing population.
Immigrants not eligible to buy.
Increasing # of workers “dropping out” of workforce, becoming ineligible to rent/own.

Buyers are nearly exhausted.
See price reductions all over.

>>50578267
Lawyers living under bridges!
You cock sucker, think before you type.

>>50567635
they changed the age of consent to like 18 in the whole country a year or two ago anon... sorry to break it to you like this

>>50557998
Anon, buy a townhome in central Florida. I promise you south Florida is doomed socially and environmentally. Good luck and fuck NY.

>>50557374

Fuck suburbs and american urban planning in general, rent shouldn't be 1k+, make a ton of commieblocks and be done with it, this is fucking ridiculous, i don't want to spend my whole life working for a cardboard box

>>50567590
bubble burst 5 months ago here
prices already fell 25% around toronto suburbs
>we're halfway there

>>50578267
lol thats what retards like my uncle were saying he bid 120k over asking for a shitty house in canada in feb

Why would housing go down? America imported over a million beaners this year alone. Those guys gotta live somewhere

>>50584067
America already built a ton of commie blocks back in the 1960s and they’re all filled with niggers.

>>50557374
Rental companies are hiding the fact that nobody is living in half of these apartments and they are PISSING themselves.

>>50562602
>Oh no a gas station near the exit of a highway!

>>50557879
No

>>50557994
I love shooting the poop in that level

>>50584067
>rent shouldn't be 1k+
kys commie retard
the market decides, not your dumb ideas about what the price "should" be

>>50584627
That would be true if there were any true market forces on rentals. Instead its controlled by banks who set floors on rental prices and corporate borrowers will recoup their investment from the entirety of their fleet driving the entire market up.
Landlords do not give a single fuck if they're 60% (or higher) over the median income mark, for them higher rents mean they just price out (or squeeze) their risk factor of people who should be renting but might cause problems.
That isn't a good thing.

>>50564455
or you can do things in the metaverse and wait for people to come and pay for it.

you know, like the first rentoid, hopefully there will be memes if you bring vinu

>>50557374
Sorry to break it to you, but housing isn't going to fall anytime soon. Real estate is actually undervalued right now in the US and is projected to only rise
>>50557446
Canada is an entirely different situation, same with Aus/Nz they'e clearly inflated

>>50586379
the issue with Canada and Australia is they are desirable destinations for immigration, don't build enough housing, and also both have strong natural resource economies which make them easy long term to bet on.
Canada isn't going to experience huge drout like Australia will soon either.
Huge bubbles, but really hard to pop because people fundamentally want the homes/live there.

>>50586379
Alternative interpretation: while disposable income may have increased in aggregate, wages have not, so there must be something else influencing home prices. I would propose the idea that wealth is increasingly being concentrated in the hands of the upper classes.

>>50586641
Russia has great natural resources, as does kazakhstan , you going to bet on kazakhstan ?

>>50566460
>doesn't post address

nigger

https://www.zillow.com/homedetails/320-Crosby-St-Akron-OH-44303/35422610_zpid/