/biz/ - Business & Finance

>hur durr le market crash
rentoid cope is so sad lmao

>>50713032
Abundance of homes as the vaxxed slowly die off.

oh look the meme chart
first rally, bear trap, euphoria and now double top forming

>>50713032
Nope

>>50713047
DON'T WORRY STACY
I MIGHT PUT AN OFFER ON YOUR HOUSE AT HALF THE PRICE YOU PAID

will I finally be able to afford a hoam?

>>50713103
>>50713032
fred wouldn't lie to us..would he?

>>50713032
>WHAT NOW
The FED money printer goes BRRR, BlackRock borrows the money and buys out all the real estate.
(You) will own nothing.

>>50713135
If you have to ask then the answer is no. You are doomed to be a retour for life and will never know the joy of a zestimate. Now get in the pod.

>>50713032
rent chads our time has come

>>50713032
Are these little bottles of water fucked up?

>>50713152
If the FED does that, my crypto moons
If the FED doesn't, I get to buy a cheap house

Win Win

>>50713176
>If the FED does that, my crypto moons
Cool. Too bad that your crypto will be worthless because you will not be able to spend it in the New World Order.
Literally the plot of the old Soviet book "The Little Golden Calf".

>>50713193
> literally
kek, there's no resemblance at all

>>50713149
>>50713103
>/biz/ doesn't know the difference between average and median

>>50713193
>Sells crypto for fiat then spends it
Nothing personal

>>50713250
>>50713103
no you cretins, it's because one is updated monthly and your chart is updated quarterly so it doesn't show the drop yet since it happened this month

>>50713248
>There is no resemblance at all
The resemblance is uncanny, you just can't see it before CBDC and the financial restrictions are implemented.
>>50713269
FYI: In the book the guy had the equivalent of $1B in cash and was completely powerless.

>>50713312
it's about the USSR and how you can't spend your money at all there, there's nothing equivalent to crypto in the book and the guy can definitely spend his money he just spends it on jewelry only to get robbed

>>50713103
that chart updates every 3 months moron, the drop just happened.

>>50713152
Blackstone is the designated real estate bogeyman, not BlackRock, you dumb mongoloid. Why should you be allowed to own anything when you can't even properly sort out your stupid conspiracies in your head? Maybe we should return to a neo-feudal age where born serfs like you plow the fields for their master all day long.

>>50713336
>it's about the USSR and how you can't spend your money at all there
Yeah, and where do you think WEF is leading (the controlled by them part of) the world? They want complete state/corporate control over all assets and finances, it's the same as what the communistic government of USSR did.

>own appreciating asset paid for with low interest long term borrowing below rhe rate of inflation
Or
>give Moshe sheckelberg half your pay cheque to squat in a money pit
HmMMMMmmmmMmMm

>>50713193
Oh you'll be able to spend it.
The entire thing is contrived by big money. It will just be controlled as planned since day 1.

>>50713437
you pay your interest on that mortgage to that same Moshe sheckelberg
everybody tries to buy a house, the point is that those who did in the past year or two should be in for a pickle and rentoids should be able to buy cheapies

>>50713383
idk but not communism, that's a russian thing
westerners wouldn't let it happen
ironically WEF talks crypto a lot and sees it as promising tech

is there a chart ticker to monitor house prices?

>>50713479
Rentoids have no money, they can't even afford a deposit, they're permafucked unless they get gifted 30k
Anyone who bought a house pre covid and got a nice long locked rate mortgage at <2% is absolutely laughing
The most important part of home ownership is that you have a stable platform to raise a family
Only subhuman shit spunk kids out in rented accomodation, especially apartments
<inb4 whining citycucks
No one gives a shit about you, go and enjoy the culture you keep trying to ram down ruralchads necks
I'll be in my garden with my 2 boys picking rasberries

>>50713032
>Not using a log scale to compare moves % wise

>>50713381
Like Blackstone the company that makes the griddle grills?

>>50713534
>ironically WEF talks crypto a lot and sees it as promising tech
Programmable, blockable, expirable, controllable money. Of course they like the idea of crypto, they just want it to be centralized under them.

>>50713554
sigh yes it's better if you have a family, yes you don't pay rent, no you're not 'absolutely laughing' while paying off your mortgage since you're stuck with your shit for 25 years, and no you're not special for having a mortgage since everyone and their grandmother can get one unless they're retarded

>>50713608
so is that why they like chainlink and ethereum and all that

>>50713644
I assume they want to make it like it is usually goes in authoritarian countries.
First private companies explore the market and drive innovations, then government overtakes/destroys these companies and replace them with their analogue.

Zestimatesisters...

My lil Zestimate doin sum

despite inflation your house depreciated by 20% on average
you were unable to sell it in time during a flash crash since it's totally illiquid
idk about fellow rentoids but if it drops to 2014-2017 prices i'm buying

>>50713058
In some more months/years, certainly.
Right now is more because rentoids simply cannot afford current prices and realtoids can't afford to miss the top

>>50713032
DROP MORE

IT'S TIME FOR ME TO GET A HOUSE

>>50713731
LESSSS
GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>50713291
Updated: July 26, 2022 retard. The OP chart is only new home sales the other is all home sales. EAT A BAG OF DICKS!!

>>50713368
Nope read the chart it's updated July 26, 2022

>>50713747
>>50713758
can you learn to fucking read?
turns out the mortgage fags were the retards all along

>>50713758
>>50713747

>tfw bought the top
I'm going to be one of those retards with a $500k mortgage and a house worth $400k, aren't I?

>>50713813
>>50713827
Rentoids are so retarded

>>50713849
it's cool you only have to baghold for a decade

>>50713864
>>50713849

>>50713849
Don't let the rentoids get you down. Prices only have one direction to go. Particularly in high inflation environments.

>>50713032
CRASH FASTER PLS

>>50713863
do you know what the Q stands for?
it is the median price for a quarter
the other is the average price by month
average prices were up in april and may
and then sharply dropped in june

>>50713894
>Particularly in high inflation environments.
kek
so like crypto, but you get +5% instead of +1000%?

>>50713904
New home prices fell from extraordinary highs for one month. Overall home prices are up for the quarter. Stop cherry picking numbers you larping faggot

>>50713919
Crypto -70% you mean

>>50713725
>vaxxed dying in months from vax
>rentoids
>realtoids
holy checked and based

>>50713944
Is that you in the shirt anon? I like your glasses.

>>50713926
maybe look again, this time with your glasses on
ask your mom how to interpret the chart if you have trouble reading it

>>50713941
i'm up x30 on my total crypto since 2020

>>50713941
luckily crypto makes it piss easy to short even while holding the underlying asset

>>50713978
It says quite clearly its new home sales. This doesn't include resales moron.

>>50714009
my fucking god this must be the dumbest fucking cunt i've met in the past month at least
your quarter includes 3 months
3
not 1
3
three
trois
you get that
THREE
NOT ONE
THREE
HENCE IT INCLUDES THE PRICES OF APRIL AND MAY WHERE IN APRIL THEY WERE VERY HIGH

>>50714029
Doesn't change the fact all your charts do not include resale numbers which is the majority of housing sales and the what matters most to homeowners. You are a cherry picking faggot larper who can't into finance.

>>50713103
You know that’s a quarterly chart right?

>>50714029
>>50714074
just stop talking to the clown, in a month more or so his charts will reflect the same thing

>>50714074
you have data for resales for the past month?

>>50714284
yeah

>>50713250
/biz/ doesn’t know the difference between June and July

>>50713894
>quantitative easing caused the housing market to accelerate in price
>quantitative tightening will do the same thing
Wow real estate is so cool with its magical properties that make it only go up no matter what. I guess that’s why real estate has never crashed and only the most financially savvy acquire it without getting over leveraged

>>50714009
>>50714074
New homes tend to be very expensive. In my area the average home is ~$425k however whenever they build new homes they're all at least 480k and often well over 500k.

>>50714342
>QT
The Fed isn't doing QT, they are still easing. Ironically, you bobos are still the ones trying to trade against the Fed, while constantly projecting and accusing bulls of what you are doing.

>>50714490
>reducing balance sheet
>raising rates
>they are easing
You’re a retard, unironically

>>50714562
they were "reducing" harder in fucking 2020
the only thing tightening will be your ass once the massive green dildo hits

>>50713103
>Hoomer boomer at it again
Good to see you haven't roped yet bro. Now post the Fred supply chart and your green Zestimate girl.

>>50714608
You niggers have been playing the same tune since November. I guess you’ll eventually be right. Enjoy

>>50714562
>retard bobo that listens to the words Powell says rather than observing the data
>>50714608
Based

>>50713032
I own 4 properties in Dublin outright, and I won't even let a rentoid tech worker into them.
They're all on AirBnB and have made me my purchase prices back within 6 years, and have been pure profit since then.

Comfy landchads always win

>>50713894
>implying it won’t get harder to get a loan
>implying interest rates are not skyrocketing
>implying demand isn’t cratering
>he doesn’t know mass foreclosures are being suppressed to maintain his crumbling illusion of home value
>he doesn’t know about the bond market
>he doesn’t see realtors desperate for business

>>50714700
I have never watched an FOMC meeting and all the charts look like shit

>>50714741
Based knower.

>>50713135
Oh goyim

>>50714775
>I have never watched an FOMC meeting and all the charts look like shit
Obviously you haven't, Powell essentially pivoted and was extremely dovish at the last meeting. Every chart looks good, the obvious bottom was 17k for BTC and 10650 for the NASDAQ.

>>50713849
same boat fren. closed this past april.
>530k
>20% down
>3.85% fixed for 30yr
im going to lose all my equity and be turbo fucked if i lose my job.

>>50714264
>>50714284
>>50714292
>>50714313
>>50714342
>>50714394
>>50714677
>>50714741
Better luck next time rentoids. Nothing can stop my Zestimate.

https://fortune.com/2022/08/02/housing-market-correction-mortgage-rates/amp/

>>50715032
>LOWER THE MORTGAGE RATE THE MARKET IS IN FREEFALL

>>50715032
Kek based troll

>>50715098
My zestimate up less than 2% in the last month.
Lower rates now!

>>50713032
>have 30-year fixed mortgage, couldn't care less about price movement on even a 5-year timescale
vs.
>facing 30 years of just paying rent and still owning nothing
guess you'll be happy lmao

>>50713437
Paying half the interest rate on an asset that is overvalued by 2x doesn't mean you're winning.

>>50713032
House prices will slowly bleed but they won't become affordable again.
They only look overvalued compared to previous times with lower population and greater supply.

>>50715203
>have 30-year fixed mortgage, couldn't care less about price movement on even a 5-year timescale
i do care about that
nobody said you should rent for 30 years

>>50715246
they're already affordable

>>50713678
Do you have a townhouse in Iowa or something? $145k is cheap af

>>50713381
Based knower put the peasants in their place.

>get a cuckwage
>in 10 years your house is within a no-go zone
>property tax gets raised
>cuckwages get raised including fixed rate ones in order to avoid systemic risk from overleveraged tards that think they are lifehacking
>your country becomes a chinese tier clusterfuck
>can't escape because tied to a property that you cannot liquidate
nice "investment"

>>50715519
Define affordable in concrete numbers.

>>50715780
about 10x median wage
if you're two, it's easy as fuck to buy something decent

I'm selling a house right now, inventory is like 2x what it was this time last summer and price cuts are common to see on Zillow now. Take it how you will

>>50713032
keyword is "new home"

cope harder rentoid

>>50715884
no more insta sale no-contingency $50k over asking?

That is average sales price not median. don't mean shit faggot. get wrecked rentiond

>>50715845
Unfortunately, that's a retarded definition. Affordable would be around 5x.

>>50713863
>>50713904
>housing
Priced out
>Rent
Due
>Volume on speakers
turned way way down lmao
Yeah, it's rentcuck time!

Everyone in this thread thus far is a total moron who can't read a chart.

>>50716112
AVERAGE NEW HOMES. NOT MEDIAN.

To get a housing crash you need median house prices to crash.

>>50713032
just came here to say fuck realtors. Those disgusting swine only work with each other to keep some pseudo monopoly because they know they are fucking useless. If you don't believe me try and view a house without a realtor and notice how the first question they ask is "do you have a realtor" and if you say no and you don't need one they get all pissy. It's even worse if you try and sell your house without a realtor

>>50713032
Mortgage fags and rentoid fags are both subhuman scum.

uh wow down to a measly $450k, surely affordable for americans now

>>50713678
>$33000 - $290000

Price drops are happening everywhere

>>50716173
Homelessbros stay winning

>>50715921
What actually happened is sales volume for new homes on the high end (>$750k) has dropped off a cliff:

https://fred.stlouisfed.org/series/NHSUSSP75O

Guess why.

>>50714872
Ok anon. Just like when the bottom was in at 32k

>rise 400%
>drop 20%
OMG WE WON REDDIT

>>50713250
mean and median
they're both types of average, retard

but you're also just wrong anyway

>>50716072
seethe hoomer

>>50716346
It might blow your mind to learn there are ways to get a home without a mortgage or renting. It's called not being poor as fuck.

>>50716076
you're talking to the wrong guy
just pay off your mortgage, property tax and please do stick in that one place and nowhere else, thanks
ah you want to move?
sorry, can't do

>>50713032
>NEW Home Price
Does not reflect all homes sold, of course new construction slows down and prices fall during a recession. New construction homes are always the most expensive

>>50716480
but it didn't rise 400%
meanwhile my crypto portfolio rose by x30
oh no no no what now

>>50716602
i'm sure it's very different for resales
1% sure

don't care. pay your rent, poorfag

>>50716790
i'm richer than you are
my father has multiple houses
i'm a CS grad
cope

>>50715221
Imagine thinking your home is an asset lmao. Perhaps better than a car, but these fuckers still lose value unless you maintain them
Captcha : JK84V. Sorta joking, but only so much

>>50716799
cringe

where do you think demand for housing goes if it isn't going towards new homes being bought?
all these people will be looking for places to rent. landlords win.

>>50713135
2008 was a housing crash and it only dumped by an average of 30%. So probably not.

>>50713919
You're right. You should just rent instead. I'm sure your rent is fixed for the next 10 years.

>>50713156
>Implying that bullets bounce off your landlord’s skin
Just wait for the first SHTF moment and cap him three times in the back and toss him into the nearest burning building, in Minecraft.

>>50714342
net worth flowing into non-productive assets, mostly real estate, is unfortunately one of the basic truths of our economic system. see https://www.mckinsey.com/industries/financial-services/our-insights/the-rise-and-rise-of-the-global-balance-sheet-how-productively-are-we-using-our-wealth
housing will dip, but it will most likely also recover unless we fix some of the core structural issues of our economic system.

t. rentoid myself with no illusions

>>50713135
You vil own nozzing goyim

>>50713678
Bought this nigger for $575 in 2018
How do I cash in my bubblegains while not moving out?

>>50717594
Rent a room
Get a HELOC or something and use it as leverage

>>50713698
It won't drop to 2014-17 prices. Due to inflation and the number of people placing a house as a priority we will be lucky to get 2018 prices. Honestly I wouldn't expect anything more than a drop to January 2020 prices.

>>50714741
>he doesn’t know mass foreclosures are being suppressed to maintain his crumbling illusion of home value
This is actual schizo cope, give me a single shred of evidence to back that up

>>50717626
So if I get a HELOC
and the rate is low enough
and inflation stays high

Then I could make money by borrowing money on a secured asset. The only real risk is to the creditor because he gave me terms based an interest in equity that is about to evaporate.

The only problem is I'm locked into this house for the duration of the dip... which I would have been anyway.... right?

>>50717649
>drop to January 2020 prices
Cope

>>50713047
I will buy your house for a tenth of what you paid.

>>50717460
i don't know if you read the thread
i'm buying soon, while you just saw that value of your cardboard box drop by 20%

>>50717594
>How do I cash in my bubblegains while not moving out?
>>50717749
>The only problem is I'm locked into this house
Which is it retard

>>50713135
nigga you probably cant afford a ham, much less a home.

>>50716408
why?

>>50713678
My Zestimate has gone down $35,000 in the last couple months. I am completely devastated.

I have no problems with getting a house, I just think mortgages as a concept are a jew scam. House maintenance sounds like a huge pain in the ass too.

>>50716515
how stupid are you? The average can decrease while the median stays the same.

(1, 1, 1, 5, 7, 7, 7) has a median of 5 and an average of 4.14.

(1, 1, 1, 5, 5, 5, 5) has a median of 5 but an average of 3.28.

So if the vastly overpriced houses lose value more quickly than the lower ones the median stays about the same and the average goes way down.

Please guys don't take advice from jeets on biz they're some of the most retarded yet self-confident "people" in existance.

>>50713437
>Pay the jew or pay the jew in hopes that he MIGHT give you a fraction of his shekels
There is no winning.

>>50717809
You can't have your cake and eat it too friend. Remember, your home isn't meant to be an investment first. I'd just say you could use it to get a second home to rent out but don't take a roof over your head for granted

>>50717799
Oh no -- the place I live and enjoy life at and continue to do so is dropping in price. If only I kept renting from mr shekelstein!!! Fuck maybe I could have waited longer and got an even juicier dip!

I'm not even convinced the market is gonna dump too much further but even if it did I'm not buying a home for my financial gain you stupid fucking nigger I would buy one so I can live my life with significantly less Jewish pressure. If I wanted to make money then I'd just keep buying index funds and avoid the fucking mess entirely.

>>50713152
>>50713193
Seething hoomer.

soon bros :^)

>>50713135
Interest rates are nearly 6% for a 30 year fixed rate mortgage. You tell me.
Think about how much interest you would be paying on even a 250k house.
You're going to be paying OVER what the loan cost in interest alone now, something like 280k on just the interest PLUS 250k for a loan.

So think about it this way, a 350k house is really going to cost you 500k if you cannot pay in cash.

Unless interest rates go down with inflation and a recovering economy in the next year, or unless you have cash to pay for a house or at least pay a good amount of it off with a large down payment, you're fucked in the real estate market right now. Housing prices are still over-inflated to hell and things really need to crash to the bottom for it to be worth taking out a mortgage in this environment.

>>50718663
my landlord is a white lady
i don't contest renting is inferior to taking out a mortgage in most cases but it's hardly a big deal, most mortgage fags are no better off, they're typically poorfags who had trouble putting in a 50-100k initial

>>50718720
>900k for a 2/1 condo
what kind of dumbass buys this shit?

>>50718468
Correct- the value / "starter homes" segment protects against downturns much more effectively than the luxury segment where yes the $5M and up homes are getting prices slashed. And obviously the price change of the luxury segment will show outweighed impact on dollar weighted averages. median is a much better metric here
>>50718663
Agree w this take. Homes can continue to appreciate while inflation runs wild which will show "decreasing real value" but the number continues to go up. Not to mention the lack of understanding the relationship between home prices and rent rates which is like stupid easy to get if you take 10 min to google the market dynamics in play here.
>>50718739
Retard tier take here. Yes debt works by you paying back more than you borrow duh- why else would anyone ever lend money?
>Implying refi isn't an option
>Not understanding opportunity cost
>Not being able to do the quick maths on real value of a dollar 30 years from now
>Implying that you're not paying someone's mortgage by renting
>Muh housing crash
Just keep saving up for the big real crash that's totally coming like 2008 except ten times worse.

>>50713135
Wait for the bottom and the fed to lower interest rates. Then get a fixed rate morgage.

OP is posting a picture from one of the most delusional permabears on Twitter. Housing will never go down again and the Fed has already pivoted to markets.

>>50714741
>he doesn't know they overturned roe v wade because population growth is about to hit 0% for the first time ever

>>50713135
Yes just start small (less than 400K) and put 5-10% down. You effectively have fixed rent now.
Find a roommate to rent out a room if possible
Re evaluate the market and your options in 2 years and go from there. You will probably have over 20% equity at that point and can refi as well

>>50713135
>market crashes
>banks stop lending

Crashing house prices will be great if you happen to have enough money saved to buy homes outright. And we all know will have the cash to hand for such a scenario ,;^)&

>>50713103
Yes surely that trend is sustainable

>>50713126
why would I sell my house?
If I sell it I'm going to be homeless

>>50713032
I've been thinking about this a bit recently. I don't own a house, never have. Obviously I'd like the market to crash so I can slurp it but there are quite serious societal issues with a crashed housing market. If all the home owners go sub prime then they literally can't sell. The market won't be flooded with cheap property as they won't be able to afford to sell their houses for less than their mortgages are worth. All it does is hinder social mobility. Those who own become trapped in their houses. They can't move they can't accept jobs or promotions that require them to move. They are just stuck. Trapped at the mercy of whatever jobs they are in at the time. Fighting over opportunities in their failing communities. This happened to the mining towns in the UK under thatcher and it was horrible. Om not gping to celebrate that like some tory right wing cock sucker. Is there a solution that doesn't involve fucking up the lives of all those people?

>>50716576
?I have to travel to a new city ever month!!!!
>They got a new dog bar!!!
I live on a 100 acres and work remotely. Enjoy your hustle and bustle!

>>50719169
but it's in beautiful newport beach :)

I don't even know where I want to live.
Even if housing crashed dramatically idk where I would buy.
Anyone else know this feel?

>>50713047
Can't wait to snatch up your underwater property faggot. Playing you normies like a fiddle. Remember you can always kys instead of filing for bankruptcy .

>>50713103
This dude is an idiot
>>50713032
Another link that matches op chart:
https://www.tradingview.com/symbols/FRED-ASPNHSUS/

>>50713047
Oh sweetie..... Check the Zestimate....

>>50713678
Peak Jewery

>>50713032
You'll never own a house.

>>50713135
I'm curious what the pain threshold is for millennials and zoomers being priced out of literally everything before people start grabbing rifles and initiate the day of the pillow.

Like if the markets just say "fuck it" and make a leg up to a new ATH, sending housing even further into retard mode, there will be virtually nothing to lose for the average young person to just revolt and start targeting bankers, politicians, hedge funds, etc...

Fake news. Zestimate only goes up.

>>50713058
>as the vaxxed slowly die off.
2 more wee-....mo-.....years!!

>>50719722
Over long periods of time, sure
That doesn't mean we can't see a massive crash in the short term. And we will

>>50719722
> +50% in 2007
gee what a terrific investment
break even with your mortgage after 25 years, considering interests, property taxes and reparations
do mortgage fags really?
idk about you guys but i think i'm going to park my money in something else!

>>50715579
1400 square foot house in Arkansas. Nicest house on the block desu

>>50719243
Another rentoid that doesn't know new house statistics are only a small part of the picture

My zestimate is still zesty on this house I bought in 2020 for $1.025m imagine not living in Socal.

I'm not paying more than $90K for a house. I'll wait until half the population dies.

>>50720373

>>50720373
Based bottom buyer

>>50713032
>price doubles
>drops 10%
>IT'S OVER
LOL you rentoids are seething cattle headed to the slaughterhouse

>>50717472
>t. impotent
You won't do shit. You WILL submit on time and include a tip, paypig rentoid.

>>50720621
>just a minor dip bro
>it'll recover and surpass ATH in 2 more weeks

>>50719701
pain threshold will be no internet and no electricity.

>>50720688
If it drops, I will buy more real estate and rent it all out. I am never selling.
Meanwhile, you can't buy anything :^)

>>50713047
lol, enjoying you cuck shed you fucking slave? Fucking pathetic and cringe, maybe I'll throw you a few bucks and take it off your hands for you after I'm done with your wife.

>>50713032
You didn't buy in the hottest area post pandemic right? Those are the places most at risks of a downturn. Mainly suburbs outside of major city, where work from homefags went.

>>50720863
Nice cope bro
i can buy right now but choose not to. Not all of us are dummies who don't mind overpaying

https://www.cnbc.com/amp/2022/08/03/mortgage-applications-inch-up-for-the-first-time-in-five-weeks.html

HOW ABOUT THOU SUCKETH MINE COCKETH RENTOID LOWLIFE SCUMFUCKS. BAHAHAHAHAHAHAHAHA

>>50720621
you sound overleveraged
are you ok?

>>50720934
POSTING FROM COMFY BLUE AREA WITH 2.25% RATE WAGIES

>>50720989
YOU'RE NOT EVEN TALKING TO ME BUT FUCK YOU MAN.

I found myself in a similar situation recently. A few weeks ago, when one of my employees suddenly completed all of his work in half the time, I admit it raised my suspicions a little bit.

Of course it also helped tip me off that he was singing “that candy white, that nose nasty, make my work go real fasty” while he was doing it.

After the drug testing, we found out he’d been on a steady diet of cocaine and amphetamines for the last 18 hours. Man had enough uppers in him to beat Secretariat in a five furlong footrace.

When Linda from HR told me all of this, I complimented her on her excellent rack. She reminded me I wasn’t allowed to do that anymore after the company-wide meeting, then informed me that we had a choice to make with our drug bunny.

Naturally, I did what any company would do and fired half of his deparment and put the remaining workers on the same drug cocktail. We’ve tripled productivity and have never been more profitable.

Merry Christmas everyone.

>>50713032
if the average moves so much and the median
>>50713103
barely moves then that means the rich are getting hit with big drops in value, perhaps a property tax thing?

>>50721027
is this a badly trained GPT-3 model or just an average Mexican?

>>50721004
That means your house didn't appreciate very much, doofus.
The whole housing market boom has been overblown. It really only happened in select areas. Basically a blow off top. And now comes the crash

>>50721120
Damn, I'm a spaniard.

>>50721065
The 2nd chart just hasn't updated yet.

>>50721129
yeah, the irony of housing is that the only reason it's a good investment is that you can buy it with mortgages and that it prevents you from having to pay for rent
really this thread is about timing the bottom and getting a mortgage at the right time, and the drop of the past month is making it look more interesting

>>50721129
IDGAF I CAN AFFORD MY MORTGAGE FOREVER. I LOVE MY ABODE. This isn't an investment vehicle for me you chucklefuck. It's a dope pad to build a sex dungeon and enjoy my doctor prescribed amphetamines while I contribute to a neighborhood and stack retirement investments.

>>50721129
Work from homefag getting dumped on by boomers.

>>50721027
kek based meth tripper pretending to own a company

>>50721161
when will it update?
most recent update was only a week ago that i can find

>>50721141
>When Linda from HR told me all of this, I complimented her on her excellent rack.

>>50721197
Copypasta != Own a company.
I wfh in finance IT. It's comfy af.

>>50721129
The blue and red are mostly desirable areas and if it's not red I'm celebrating

I feel bad derailing and samefagging when I just love mortgage life and calling people rentoids. I just really think supply and demand issues aren't gonna be overcome anytime soon and the rates are historic lows even with recent increases. But I understand those waiting. I'll stop with the dopamine posting. If you find a home you love, can meet the mortgage, feel good about the job security, and especially have a serious gf/fiancée, then no bad time to buy a house. Anyone who bought in 07/08 peak and waited long enough ended up in the green. Timing a clown market is impossible.
Adieu

>>50720956
>i can buy right now but choose not to

>>50721171
>not an investment vehicle
Ah, we've started this cope already, have we. Thought it would take much longer, kek

>>50718720
Oooh and once summer ends all those buyers will dry up and and his zestie will get testy!!

>>50721434
the more i see you mortgage fags talk about your 'investment' the more i get the feeling you're actually not happy at all about that debt

>>50721434
Not an investment as in I'm not expecting these 50-400% returns. Building equity is nice and long term it'll always go up a reasonable amount.

>>50720987
Mortgagefags buying the first of the dips trying to catch the falling knife

>>50721434
But keep flushing that rent money down the toilet to your landchad slavemaster. I'll enjoy the bank getting paid at a rate less than inflation most years.

My retard feminist Aunt just bought a shitbox in WA near a major airport with airplanes buzzing over every 30 seconds for 750k.

This is how I know we've reached peak retardation.

>>50721652
You are a fucking retard legitimately

>>50714313
Funny how this women cares so deeply for the western world and it's beauty. Yet shitheads like you probably make fun of her for it. You fucking third world brained retards.

>>50713032
Jokes on you, I bought my house for cash.

>>50722285
> paris
> beauty
you must be some jeet simping hard

>>50722667
but then it's just a shit investment since you have to pay for reparations and property taxes while just sticking that cash in even an all-world ETF would perform much better

>>50713032
The biggest cope. If you're looking at property as a short term wealth grower then you're an absolute room temp IQ mongoloid. Everyone with brains knows that over a 10 to 15 great horizon it'll likely double in value or more, especially the ones at the lower end of prices in good upcoming areas. Accumulating property is literally as low risk as you get as long as you can sustain the cashflow required.

> t. Self made 18 property owner at 29

>>50722947
> self made
> 18 property owner
oh ok
self made huh

>>50716408
>Guess why.
>No more cheap and easy money.
>No more PPP loans.
>Wages stayed mostly flat.

There was never a house shortage, there was a demand problem because of all of the above. Droves were trying to buy second and third homes to flip, AirBB, or rent.

>>50713032
Biggest drop in dollar amount but not biggest percentage drop

B-but paying rent is an asset

>>50723018
Kek have been running my own business and been in the property game for 10 years. While 18 properties is a fairly high number, due to the boom in Australia over the last 10 years and successful business growth, it's been possible

>>50723704
Technically he is correct, in his situation. But this guy has the money to enjoy the convenience of making the house he lives in someone else's problem. I would bet he owns REIT's or other had assets though like gold.

>>50719561
Nukes aren't real, so we'll have to firebomb that place.

>>50724568
based

>>50723704
>rent is an asset
That's some next level gaslighting there

>>50713058
Based and truth-pilled. This was the gambit all along.

>>50724889
you VILL own your depreciating, dilapidated tear down shit house and be tied to it for years and be happy.

>>50713381
Based

>>50714313
>i talk to my psychiatrist, he says he can't help me because my fear of Paris being under water due to climate change is reasonable

I'm scared of islamic terrorism in Paris, that one that it might be a city in their caliphat.
>anti-social
>narcistic
>schizo
>cuckoo cuckoo
>danger for society
>take meds
>locked up in mental health asylums
Kek

Imagine spending money every month for years on end, and then having nothing to show for it.

Rents are just brainless paypigs.

>>50713551
aspnhsus
mspus
uscshpi

My taxes go down
Your rent goes up
You can't explain that

>>50713032
*Laughs in DC area housing market*

>>50713047
Lmao this

>>50713152
This, BlackRock inflates house prices with loans from printed(our) money.
They already did this when the FED started printing in 2020 at 0%.

>>50713103
>quarterly chart
>3-month chart
>0.25-year chart
zoom in

>>50718739
If you pay extra on top of your monthly payment it will take years and hundreds of thousands off of your mortgage.

>>50713032
this is obviously bullish
stock market go up

>>50713032
>35 posts by this ID
The only fag is you wasting time on this Indian poop board.

>>50714741
That chart referenced canada as well, which has 5 year fixed mortgages. Which means we now have an at maximum, 5 year clock for interest rates to come down before people are literally priced out of their mortgages and forced to sell. We also have all the boomers who have been taking out home equity loans and using their houses to go on trips, buy a new car, buy a new boat etc. I cant speak for USA but Canada is literally going to collapse and/or everyone will be a renter when they get foreclosed and the chinks buy up their property.

I'm bearish on the U.S altogether. Long term the U.S has nowhere to go but down.

>>50713554
Based garden enjoyer

>>50718739
I am not a home owner, and I have a stupid question. How does interest work on a loan like that?
I thought a 6% loan would just add 6% of 350k to what you have to pay back. so 371k. or is it 6% of 350k annually?
I know you have to pay the interest before the principal.

>>50719701
They’ll literally have to be starving if they haven’t chimped out by now it’s not gonna happen short of nationwide blackouts/food shortages to the point people have to go days with no food. The goyim are such good little cattle they will unironically eat the bugs and live in the pod and be happy about it as long as they have wagie job, nigger ball and goy slop.

Your rents will still go up, kek

>>50727539

It's 6% of the remaining principal every year. The total interest on a 6% loan of $350,000 will come out to over $320,000.

>>50727656

That's assuming it's a 25 year mortgage.

>>50727539
It is 6% annually, for 30 years, with interest precalculated, then amortized so that the first few years of your mortgage payment, it is almost all interest parents, so the bank make their money first.

There is no winning move in a market like this, unless you're paying all cash. Whatever you save in principal is gonna be eaten up by interests. When interest rate is low, house price is inversely higher. Refinancing after a few years mean you start the amortization schedule all over again, so you're back to paying interest mostly.

>>50727656
wow. okay, I understand. Thank you for spelling that out for me.

>>50727676
Interest payment*

Pardon my phone posting.

>>50727676
>>50727687
Thank you as well, anon. Very enlightening, and kind of scary to think about for longer than a few seconds.

>>50717594
Make a shell corporation.
Sell your house to the shell corp.
Rent your house from your shell corporation.
You are now a rentoid.
Have the shell corporation sell the house as an investment property - force the new landlord to keep you as a tenant.

>>50717215
an asset is something you own that has value. A house is by definition an asset. The equity you have in that house is the asset value minus any liabilities you have like a mortgage.

>>50727655
The cost to maintain your home will go up
Your equity will crash

>>50713032
> winning
your rent will go down any minute now!

>>50713554
Fuck off retarded cuck, imagine having actual Money to do shit

>>50728286
>rent going up every year means housing will suffer no short term crashes
Are you people retarded or zillow bots or what

>>50713032
BIZ SAID PRICES ONLY GO UP, A NEW PARADIGM NOOOOOOOOOOO

>>50728103
You’re using words to try and justify feeling good about sitting on a property you paid 6 figures for only to then spend more on property taxes and upkeep for the duration of your life. Maybe if you’re renting it is an asset, but to define an asset simply as something you own that you claim is valuable without it generating any income seems foolish. By the way it doesn’t matter what other people say it’s worth. All that matters is the cash it generates or the cash you have on hand. This should be common sense.

Read Rich Dad Poor Dad.

>>50728400
Housing can crash 30% and I'll still be up. You re the bot thinking we all bought the "top". And btw real estate is still very hot in my area

>>50719701
Look at Canada and Australia. No pitchforks in sight, except among anti-vax boomers, and even then rarely.

Only food scarcity can upend society.