/biz/ - Business & Finance

I inherited all my money from my family and let me tell you that you are lazy and you need to eat rice and beans!

You shushed me when I talk about the black neighbors, hon.

>>52822680

KEK

Literally only affects retards who bought at the very tippy top, my place I bought 4 years ago is still up nearly 2x.

>>52822680
lmao

>>52822633
> Median Home Price 1-year ago = $360K
> Median Home Price today = $390K
RENT KEKS WINNING

>>52822633
> Monthly Mortgage Payments 1-year ago: $1,200
> Monthly Mortgage Payments today: $1,900
RENT CUKS WINNING

>>52823215
Renters are the dumbest people. Celebrating interest rate hikes that have priced them out forever

I told my wife I wanted to sell at the literal peak and she was like "well we have to stay through the kids' school year" and I was like ummm fine but we can still sell the house and she was like "well where will we live? I don't want to deal with it"

Estimate is now -$100,000 from that point.

Don't get married, bros.

>>52823570
>Listening to wife
WNMI

The people crying have literally gold fish level iqs. Did they thing that interest rates will be at 0.5% forever? That is just the market cleaning itself.

>>52823613
she's part owner I literally can't sell without her, anon. I don't need you to dunk on me for it, I know it's fucked.

>>52822633
NOT MY HECKIN

Z E S T I M A T E
E
S
T
I
M
A
T
E

>>52823570
>she was like "well where will we live?
It's hardly an unreasonable question tbf
'Living in them' remains the primary purpose of housing. You can't demand the senpai move into a downtown hourly-rate motel because your Zillow dropped a few points.

>>52823209
>>52823215
>>52823306
Home trannies SEETHING

>>52823570
>Estimate is now -$100,000 from that point.
So is everybody else's. You didn't lose shit unless you weren't planning on buying a different property.

>>52823570
don't worry i will never get married, i'm not a cuck
you seem like a massive one tho
good riddance

>having a daughter
kek

>>52822633
Is Zestimate even accurate?

>>52824632
Zaccurate is what you're looking for then

>>52822633
>Honey, what did you do to our driveway!?

>>52824901
>we needed a 1m tall ledge to sit on

>>52824901
>mutt house
>2 garages and a bathroom

yes that's it mister architect, this is my dream home

>>52824901
>not driving a General Lee

>>52823113
>only affects those who bought 4 years ago

for now; this ride is just getting started

>>52823113
>Make RE thread
>Immediately hoomers come in coping
>Bu- but it hasn't effected me yet!
You do realize the retards who bought at the tippy top are effected first? It wont stop there.

>>52823570
Your wife was right and you’re the roastie here, if you’re a single home owner, the price of housing does not matter because you’re swapping one asset for another
It’s actually in your interest for home prices to fall, because that reduces your tax load and it makes upgrading homes cheaper (yes, your house has declined in value, but so has the more expensive homes and more likely more steeply)

>>52822680
spbp

>>52823113
> Up 2x in 4 years for no reason
Yeah that should be fine dickhead

>>52822633
Prices are still increasing dumbass rentcuck

Source: Actual reliable government data

>>52825185
Clearly he intended to sell and rent.
Agree with the rest of your points.

There's a big waterfall out my back window. Dark gold and red sunsets. £40-50K. Last year.

>>52825796
Ok retard

>>52826004
>There's a big waterfall out my back window.
unblock your gutters

>>52822680
kek spbp

>>52823570
>what is negotiating a very late move out date
shiggydiggy

>>52823876
>>52825185
No I was not planning on buying another property. The plan was to go stay with her parents (they’re in a much lower COL area and have enough space to support our whole family) and start dumping cash into blue chip stocks. Buy back into real estate after the market recovers fully in a year or two.

>>52824901
>>52824941
>>52824969
>>52825009
The driveway narrows, there's not 1m drop, brainlets

>>52827297
>The plan was to go stay with her parents (they’re in a much lower COL area and have enough space to support our whole family) and start dumping cash into blue chip stocks
A single man could get away with doing that. A family man shouldn't take so much risk with his home.

>>52827424
meh

>>52825079
Two more weeks, rentoid

>>52823113
This post reminds me of all the stupid fucks who bought btc at $19k in 2018 and bragging about still being up on the mega dump down from $69k

People who bought 1yr ago are now down, then it will be 2yrs, then (you) at 4yrs who will be at break-even. In a few years, it will only be those who bought in 2008 who are in profits lmao

>>52824839
kek

>>52822653
https://www.youtube.com/watch?v=T0xoKiH8JJM

>>52823113
Guess who's next in line at the chopping block?

There's a shitload of these in the same area. I work in residential construction and don't even give a shit that I'll probably lose my job. This bloodbath will be glorious.

>>52829607
That's new construction, the $3.4M was the price for the land before it was subdivided and built on
Holy fuck this board is fucking stupid

>>52829607
this brings me joy beyond measure

>>52822633
ok i'm getting tired of the cope so i will be posting this in every thread from now on

>>52822633
Stick a fork in it. Corporate Realtors are doing mass layoffs. Construction tradies are next.

remember the baggies told us we'd be priced out

>>52825796
>Updated:Oct 26, 2022
k thx?

>>52823306
They'll be down within two years, along with house prices.

>>52829750
the dump has only begun

>>52822680
Lel'd

>>52829646
These are Poor folk talking about things they don’t understand

>>52829646
>>52829858
cope

>>52829750
Seems like someone just got nervous :)

>>52829776
You are more priced out today than one year ago, unless you are sitting on hundreds of thousands in cash, in which case you were never priced out to begin with. More than double rates at less than halved prices means you’re looking at higher payments per month for the same house, compared to a year ago.

>>52829897
wow cuz it definitely won't dump more am i rite
nows the part where you say tons of third worlders moving in will support the price of million dollar mcmansions

>>52829907

They'll just go up forever anon. Not enough land for new houses. Too many people. So prices go up.

>>52827297
>The plan was to go stay with her parents
dumbass. your wife was correct

>>52829866
>cope
with what? kys brainlet

>>52823306
Yep that's how markets work. Everyone just holds what they have and nothing changes hands because nobody can afford it (sarcasm for the retards)

>>52827297
>Just move across the country in the middle of the school year just to move back in with your parents and swing trade real estate
Gee I wonder why she said no

Buy high sell low psychology in full effect. People fomo'd in at 8 on the fucking case shiller and will hold onto it until the bitter end when it returns to around 4-5 as the historical average.

>>52827297
>swing trading a house
Lol
Lmao

>>52822680
holy based

>>52830239
>the once in a lifetime generational bottom happens in 1997
>tfw six years old
Fuck you fuck you fuck you!!!!!!!

>>52829646
This seems to be the case
>>52829750
Do you think that real estate is magic and will benefit from monetary expansion and not suffer from monetary tightening?
>>52829934
>not enough land
Yeah, it's not like buildings can be built taller or people can live further away from their employer via remote work.
>>52823570
>buy a house
>live in it
Yeah she seems pretty unreasonable

>>52822680
/biz/railes never disappoint.

>wait another year
>interest keeps going up
>prices keep decreasing to compensate
>I keep saving money in the meantime, and can buy more of house based on % down if not outright own it
>this is coping?
Currently locked in an old lease where my rent is less than the median mortgage. I can wait while I load up on cash. Who else comfy saver?
>>52830239
Every time maybe there are more boomers on /biz/ than I thought. Kind of sad really.

>>52831843
I'm pm-maxxing right now, I'm staying with parents and I've been converting wage-cuck-goy-bux directly into shinies.

>>52831808
what do medieval german letters have to do with niggers?

>>52831872
Notice the price anon.

>>52822633
its fud zillows trynna buy our house on the cheap

>>52831885
yes it's a double joke about we wuz shit being on sale and the statistics
can you answer my question though?

>>52831898
Oh, ok. I thought you were having trouble understanding the joke, I don't have an answer for your question.

>>52822680
Winner

my zestimate is still literally not down, chuds

>sister married a guy from a fairly well off family
>they already know the parents are gonna leave them a house as well as a rental property behind
>tfw she’s a million steps ahead of me in life just because she married
feels weird man
Also feels weird to be feeling these jealous feelings because both she’s great, not a gold digger or anything at all (in fact she earns much more than him)

>>52822680
Hahahhaha

>>52829776
> Monthly Mortgage Payments 1-year ago: $1,200
> Monthly Mortgage Payments today: $1,900
you are more priced out today than a year ago, even more priced out than 3 years ago, much more priced out than 5 years ago...
>>52829934
yes housing only goes up, check the charts
>>52831743
you can build them shit shack apartments to the sky, build them in the middle of nowhere, built them in ghettos but people want nice single family homes, close to amenities, jobs, in areas with low crime and good schools.......and for those there is always more demand than supply

>>52832026
Should have been a girl anon

>>52822633
>real estate always appreciates
Can someone explain to me how this is sustainable if it doesn't just compensate for monetary inflation? With a view towards wage-earning people wanting to buy houses to live in. Thank you and God bless.

>>52822680

>>52831867
If you have a good relatipnship with your parents and are single there is no reason not to this. Youre gonna make it.

>>52833416
Thanks anon, god bless.

>>52824901
i like it, plenty of room for my shitboxes to leak oil on

>>52832088
>...close to amenities, jobs, in areas with low crime and good schools
And this isnt achievable with building new homes....because?
All the crime and shitty schools are in urban areas and many jobs are remote.
Housing going up in value over time is likely to keep happening, save for wars, plagues, whatever, but that also doesn't mean it can't have cycles and I hate to break it to you but the bust cycle is what comes after the boom cycle which we just had over a decade of.

>>52824901
>live in trailer under carport
>wrench on shit boxes
>rent out main house on airbnb

I'm thinking based.

>>52832026
Don't be there for her when she eventually divorces her husband - best way to get back in the most petty way possible
It WILL happen

>>52833863
I don’t think that’s likely. She stuck with him after he flunked out of his law degree.
Also that’s a terrible thing to be aiming for, I want them to be happy.

>>52823625
do men really go in50/50 on a house with a female? For fucks sake have men learned nothing? Buy your own fucking house and make sure the Deed is in your name before marriage. Its almost like you cuks want to lose everything

>>52834225
It’s his wife, how do you think it works exactly

>>52834377
If I were to get married it would not be unless I owned my own home first. Im not about to cosign with some roastie

>>52823570
>Why won't my wife let me sell our house and move ourselves and our kids into a niggerpod apartment and invest the gains in peecumdodgerocket

>>52831808
>pic
fucking kek

>>52829607
>Vancouver, WA
The funny thing is that this would actually be a $3,000,000 home in Vancouver, BC.

>>52823570
>my home is an investment
You played yourself

>>52829750
this would be a much more effective graph if you placed the bars where the rise and falls actually happened and use a brighter red. i give you 3/10 for effort

>>52834410
Homes typically are shit investments anyway relative to other asset classes especially if we are going to apply the same level of effort to those assets as people do to becoming a professional real estate investor.
The reason a lot of guys buy is because a woman wants them to.

>>52831898
That font style is associated with street gangs in Burgerland. The fact they chose a criminal-inspired look (their designer probably called it “urban”) for Black History Month is just another example of clown world.

>>52829607
Maybe check the sqft you fucking brainlet

>>52822633
even my practice gf keeps asking me about my zestimate, when will this end..

>>52824901
Did NPCs in this thread actually see this and think it was a drop-off? My mind is boggled

>>52822653
Rice and beans are fucking based.
>onions and garlic in the beans
>frozen mixed veggies (peas, carrots, lima and green beans) in the rice
If I was a millionaire I'd still eat this shit damn near every day. Get the beans and rice at Fart and Sminal (or similar wholesale) and you're paying less than a dollar a pound. 20 pounds of beans lasts six months. Fuck you.

>>52829607
to be fair the house shrank from 1056sqft to 308sqft

>>52831743
they've already been tightening it. the counterweights of inflation and living in south florida almost outweigh that, as you can see from the halt in rising prices and slight dip. they would have to raise interest rates to 20% to crash prices, not going to happen
>>52835017
no i wanted the bars to be next to each other to be easily comparable and to fit the text

In the UK house prices went down by about 5% but realistically how can they fall more as we import 500,000 people a year onto a small island where everyone wants a detached home?

>>52823113
4 years ago prices were "ok", I bought mine for 137k, it's 1 acre of terrain, never did any repairs since 2019, roof is perfect and so is the house, and I am planting fruit trees and gardening like half of the acre.
I did it its over, the payments i do are ridiculously low, I could have a 15% ok nterrste rate I still wouldn't notice it even if I only have a simple manual job salary of 20$ trudeau bucks per hour for 25 hours a week and my work is 25min from home (I take the highway).
The defeatism is high in this board, but it's normal for city fags to be desperate I guess.

>>52832026
That's great for your sister. You should be happy she got someone. But the female psyche is that women are never happy with what they have because they always want something more. I hate women, but I hope your sister isn't too much of a dumb cunt.

>>52832026

> Women have it easy and only have to be a sex object who isn't too annoying

You've... only just realised this now?

>>52833416
Not wrong. Especially you guys under 30. Makes getting pussy annoying tho, no getting around that

>>52838987
Even if I was that blackpilled, it’s different when it’s happening right in front of your eyes.

>>52839052
>>52839214
Also I might add, the more depressing blackpill isn’t that women have it easy, but more how little hard work really matters compared to stuff like family or inherited wealth.
I know, another obvious fact of life, but again it really different when reality barges into your personal life like that and forces you to acknowledge it.

>>52823113
lol

>>52838639
It's a tough cycle to break from and no thanks in part to HGTV. That shit was just a blip on the radar in the 90s, now it's boomed to a point where the home makeovers are entertainment and status all in one, reinforced by a zillion DIYer Insta/TikTok accounts.

I live in a modest duplex, paying well under average rent prices in the market within 5 minutes to great schools, low crime, in-town, several parks/play-grounds, and every single person asks when we're moving because a 3bd/1bth house w/a yard for 2 adults and a baby is apparently just "not enough space". Never mind the fact we can finish the basement, add a full bath and add a functional living space. Because it's not 4bd/2.5bth in the suburbs where it takes 2 hours to do simple errands, I'm not really live laugh loving life!

>>52839447
Don't waste energy coping. Your sister "got lucky" but it sounds like she was already building her wealth. Inheritance doesn't stop death or disease. It doesn't prevent divorce or loss. Your baseline may jump higher but you're not escaping reality. Everyone who acclimates to the money is still just as likely to be miserable as the rest of us.

>>52839472
That place would be cool if it wasn't
>in san francisco
>$1.25 mil

>>52833863
You're a faggot who is just jealous it's her instead of you getting everything for absolutely nothing, hence why you're trying to make it by gambling on shit coins. You don't want to work for anything yet ironically you hate on other people who don't either. You're a crab in the bucket.