/biz/ - Business & Finance

>>52849544
was the media always this full of daily demoralization propaganda

>>52849544
lmao i literally am seeing people who bought in 2019 foreclosing right now. cope hoomers, you will lose equity and be unable to rent out your hoom due to the mass creation of apartment units which took place since 2020.

>>52849712
>foreclosing right now.
what city?

>>52849712
I bought one of my houses in 2020 and I'm still up 100k. It really depends where you bought. Huge white flight out of urban areas to suburbs and a few high growth areas. Ever since BLM anarchy. If you bought into a place whites were leaving you could be hurting.

>>52849764
90% white town.

Homeowner and inheritor here. Will inherit a generational ski-in ski-out vacation condo, suburban home, and beach house on top of the condo I already own. Who else here /upper class/?

Kek anyone who bought in 2018-2019 in a hot market like NYC office space has dropped AT LEAST 65% of what they paid.

>>52849649
>president blowjob
>911
>president wmd
>2008 housing crash
Yes, zoomie

>>52849800
your parents will die in 2050 loser
you will make it at the age of 65

>>52849649
>>52849712
>>52849817
Well I do declare. It seem the negroes are getting uppity again. I Think it's time for Jedediah to remind them what manners are.

>>52849544
>real estate is a store of val-
>it will never lose val-
>populations never mov-

>>52849939
Fine by me. It'll come eventually and I'll continue to use the properties until that point on their dime.

>>52849544
No
Enjoy your houses, take them with you to hell

>the zestimate always go up
>I cant baghold real estate
>the neigborhood cant collapse within 10 ye-

>>52850016
>-ACK

>>52849800
Have a couple of homes, will inherit part of grandfather's estate worth around ~12m. Have a pretty nice stock and dividend portfolio on top of that. Just got another raise at my WFH job. Life is good I do say.

>>52850053
looking comfy af
mutts are such pussies

>>52849544
Stupid journalist. Rates are peaking as we speak with inflation ending and the housing market is still due for a serious collapse.

>>52850100
>t. wagie
>thinks he made it

wew

>>52849544
there will be no demand to buy overvalued boomer bags when they can just rent for pennies on the dollar.

Is the ideal situation for everyone under 30 that housing and stocks and everything else plummet in price whilst crypto goes up?
How do we make that happen?

>I rent out properties I will never baghold and dave ramsey is gen-
>government please buy my ba-
>why is no one living he-

>>52850135
>jerk off and play vidya all day
>get paid 6 figures
works for me

>>52849544
>literally just graduated college and got a job, how is this my fault? Now im 60k in debt too lol wtf is this bs

>>52850224
yeah yeah we know that song

doing nothing just playing vydia for 6 figures

with RLC digital oil I am oil barron on block chain

>>52850016
>>52850053
>adds exposed brick and hip coffee shop
>950% zestimate increase

>>52850160
>gary, indiana
>implying any white man would ever live or invest there
Why do rentoids trot out these pathetic examples? Literally just go where people are moving to, lmao.

>>52850253
Should've learned to code.

>>52850281
>bro just fix it up, theres always a buyer just wait a few decad-

>>52850307
Is that the place in Naperville that just got torn down?

>build extremely expensive home in the middle of nowhere in a state with sky high property taxes
>get in nasty divorce and stop construction
>let it rot for 10 years
>shocked when no one will buy it
Yeah no wonder

>>52850286
>just go to where people are moving to
>like this big city I love big city life
>peaceful quiet neighborhood airbnb ACK

>>52850403
Yes, you see there are lots of people willing to pay high rent to enjoy the vibrant culture of that sidewalk, even if you or I would not.

>>52850389
>he felt for the marriage meme

he deserved it desu

>>52849544
This is unironically why I bought in 2021. The writing was on the wall that were becoming like Europe where everyone rents except descendants of feudal lords. Besides a house that is
>rural
>in a homogeneous community
>has good water access
>room for gardening and light animal husbandry
>in a state with good gun laws
Is literally priceless at this point.
The current situation is not good for potential buyers no matter how they may cope. They are still priced out because they have to borrow at 10%, meanwhile my savings account pays more in interest than my mortgage charges

RLC coin make you landed oil king, this token many moonies

>>52849800
Bong here, best I’m getting is a couple apartments by the seaside.

>>52850564
you bought the top fucking loser

>>52850148
>25% income restricted low income but still your neighbors somehow
>remaining units 1 bedroom with gray vinyl plank floors starting at $2500 ($7500 due at signing). No kids, but fur babies under 10 lbs welcome (with pet deposit)
Still going to be pretty rough...

>>52850649
Not bad. maybe you'll get lucky and your parents will retire somewhere nice (e.g. australia or cape town) and you'll get that too.

>>52850668
Cope subhuman. YOU are paying my mortgage through inflation

>>52850564
what state?

>>52850711
I inherited but okay, i pay your mortgage somehow

you bought the fucking top you are the last sucker

>>52850753
To be fair, I bought the top too, but the numbers work for me. It's a 2 family. Tenant pays for just about everything and I run my business from home, which I couldn't do at my old apartment, so I'm saving a fortune on commercial space.

I'd be a bit nervous if I was a zestimate enthusiast. I just needed a free place to live and work, so I bought a house.

>>52850815
ok sucker

until now everything is okay...until now everything is okay...until now everything is okay...until now everything is okay...until now everything is okay...

it's not the fall that kills you, it's the landing

>>52849800
Sounds comfy and aristocracy pilled

>>52850815
Why are you trying to reason with this seething poorfag who doesn't even understand that his purchasing power has been obliterated to pay for out houses lol

>>52850016
What is that, Albany or something?

>>52850863
Looks like Detroit. The sunbelt doesn't have this sort of problem.

>>52850135
>he doesn’t have a comfy wagie job doing absolutely nothing and getting paid for it

>>52850853
you sound like a top buyer

>>52850389
That one was in Barrington, and it's original owners died in 2001/2003. Someone else bought it at some point, but apparently they either got rid of it or it hit some legal battles elsewise. It was on 400 acres of land too.

>>52849712
>buy home for $220k in 2015
>pay it off
>zestimate just fell from $480k to $425k
ohhh noooo. it's a bubble lmao

>>52849649
>demoralization

no but it's in fever pitch now. what they don't mention is the bubble bursting. huge opportunies for those who didn't buy with crashed prices. Those who did are stuck 5+ years or way longer while market regains.

>>52849544
i wont buy the real estate baggie.

>>52849544
Top signal.

>>52850892
>the sunbelt doesn't have this pro-ACK

>haha housing always go up goyim boomer!
>fomo I mean buy my bags I mean safe and effective investment fellow millenials!
LMAO dump your bags on bugs and pops you subhuman landie baggie

>>52849649
>demoralization
Imagine being this much of a feeble-minded faggot.

>>52850815
>2 family
Based. This is my next move. I own a condo in a 3-unit building and my two neighbors are planning on leaving the city I live in for the suburbs in the next few years - they've already agreed to let me have first right of refusal when they sell. Then I can consolidate the property taxes which will drastically increase the rental yield.

>>52850957
>400 acres in barrington
Jesus. That's a great school district too, someone could make serious money redeveloping into a subdivision.

>>52850842
Sometimes the best time to buy is the worst time to buy. Not everyone is out there living the same life. Amazon bought more commercial property during the multi-generational zenith of commercial property values. It's just part of doing business occasionally.

My prime investment is my small business, not my house, but my house shaved $2500/mo off my business expenses, and as an added bonus, I'm living in an apartment twice the size of my previous place for just about free.

Sure, the floor may fall out, but you can't live your life that way. Well... I can't anyways. Ever onward!

>>52851511
Way to be my brother. Then you can dissolve the articles of condominium and actually manage the property expenses/ maintenence appropriately. Which never seems to happen when things are done by committee.

The article is stupid. Housing prices are falling. The best time to buy a house is when interest rates are high. The high rates reduce house prices and you will be able to refinance a couple of years later at a low rate.

>>52850892
>We'll just import another 50 million Mexicans in the next 2 decades, it's fine
Fat southerners are going to lose everything

>>52850649
Hope they're submersible appartments

>>52849800
Apparently I have two wealthy close relatives with virtually no one else to leave their inheritance to apart from myself and my siblings, one is worth high seven figures and the other mid nine figures, yes as in hundreds of millions but it's all going to (((charity))) and I may end up with a couple hundred K if I'm lucky.

>>52849544
yes

>>52852384
dam we got a long way down

>>52849544
Yep. 7 years into my mortgage, so basically halfway there. Stay mad, poorfag zoomees.

>>52849544
As a 21 year old zoomer yeah I can't express how much it makes me seethe. I'll be forced to live with my parents forever at this rate, and at the end I'll inherit their house, just to die in it. Our generation was a mistake no wonder so many of us are depressed and want to die. It's almost like we know we are Earth's bastard generation and that we don't deserve to exist.

No point in renting either, my friends moved into a place and the landlord is literally such a faggot he's basically taken all their money and threatened to sue them over the weirdest shit like "causing damage the front stairs to the porch"
I saw someone mention that they used their money and turned their parents basement into an actual apartment with real privacy. I'll probably end up doing that once I graduate from school with my apparently most recently made useless CS degree.

>>52849649
Its CBC, shes paid to be a whore for our government....

Any Leaf not on biz with the incentive to gtfo of Northern Venezuela deserves the pod