/biz/ - Business & Finance

>>53322569
>I JUST WANT A NEW BUILD 5000 sq/ft 8 BEDROOM 4 BATH MCMANSION FOR $100K
kys

>>53322594
Bro I live in Atlanta and you can't get a shitty ranch below 325K

There will be a massive 5% crash this year. Good deals on the way anon!

Little to nobody is buying however people aren't selling since rates are now at 20 years highs.

People have to now be forced to sell their home which won't happen until there are massive layoffs across the sector

>>53322569
You better have enough to buy it cash because banks will not be lending out money to people to buy property

>>53322752
How does that help when only tech sector people are getting the axe and by all accounts A. have tons of cash to weather the storm and B. are finding jobs near instantly.

unemployment rate in GA is 3%.

>>53322569
i see a condo in NJ, good location and reviews for 140k, 200-300 HOA. its a 1bd 1ba. am i stupid for considering this? Rent for a studio is like 1800 min in this area. I have ~300k in cash and single 26m. currently paying 600/mo to an aunt for a room. have a 6 figure job.

Mostly considering it because would be my own place. close to lot train to nyc.

>>53322569
>>53322618
I am also considering buying a house ATL bro.
I have my eyes on one. should I go for it or wait

>>53322569
Nobody tell him

>>53322569
already happened dude. got hold of a flat right now that my banking jew puts up for 240k. he told me pre covid it would have been 300k + sell within a week.

I finally got a fairly well paying job and refuse to pay anything for a 2020+ hyperinflated house. Rates have gone up and houses have barely moved down, meaning we no get the worst of both worlds (inflated prices + interest)

I'm staying in mom's basement and just collecting cash. I'm a stubborn motherfucker and don't care if I have to wait here until I'm 47 years old, I'm not participating in the housing ponzi scheme

>>53322569
What’s the point in waiting around for it to crash?

>>53322820
Meaning we now**

>>53322569
give it a few more rate pumps. say 6 months.

>>53322759
True.
What you can do is an option to buy and take over the vendors finance.

>>53322569
banks won't stop buying until they own it all. Global hyperinflation will price 99% of people out of living

>>53322569
I am a right wing turbo hitler but I will participate in any political movement including actual commies that buttfucks the jewish landlord boomer real estate cabal we have currently.

>>53322594
I just want the land, the house can come later

>>53323938
why so eager to pay property tax?

>>53322569
Didn't it kind of sort of drop ? At least in the USA ?
From what I hear UK and Bulgaria are the ones where prices haven't dropped at all.

>>53325020
He wants his money to go to Israel.

>>53322569
it's already crashed, correct for M2 and prices have probably gone down like 50% since ATH

>>53325020
We don't have tax perse, we have rates in this country. It covers water access and rubbish etc

>>53322569
Already down 20% in some markets is that not crashy enough?

>>53322793
If it's a house you actually like in an area you actually like instead of a "good enough" deal, go for it. Odds that you'll find a house that checks all your boxes in a place you won't get shot are low depending on what you're looking for.

The real redpill is that they ARE crashing in real terms as they stay flat in nominal terms. Everything else is just catching up.

>>53322569
have sex

>>53322569
Yeah, I don't want to be some cocksucker landlord; I just don't want to hear my goblino neighbor blast EDM and my other fat, gay, afrolatinx neighbor singing Gloria Estefan.

>>53327205
poors sure do love noise. i have a puerto rican neighbor who loves redlining his subaru brz every day. guy looks to be in his 30s but is still rentcucking with roommates. at least he looks cool driving his blue car!

>>53327257
>poors sure do love noise.
WHY. FOR WHAT PURPOSE. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>53322569
Retard hoomers took their homes off the markets so the listings dont go "stale". Spring will be brutal.

>>53327306
>Sold ($137,000) (24 months ago)
>Listed for sale ($250,000)
>Listing removed
>Price change ($249,999)
>Price change ($248,499)
>Listing removed
>Listed for sale ($260,000)
>Contingent
>Listing removed
>Listed for sale ($253,000)
>Pending sale
>Listing removed
>Listed for sale ($247,000)

>>53322569
They won't allow it, sadly. At least not until mass boomer die off.

>>53322782
As a 3300 sqft 4/2 homeowner on 20 acres, I find the idea of paying half my home cost for a 1/1 condo in an HOA a bad idea; but not everyone wants to or can live out in the country. However, if rent for a studio is that much of course it's a no brainer to own your own place where a mortgage would probably be less than $1000. Just do it anon, you can always sell when you're ready to expand, odds are you will at least get your money back; instead of watching your money vaporize paying rent.

>>53327376
Kek I am already seeing this shit

>>53327376
>>53327552
this is a real phenomenon yes, and we should all laugh at flippers, but it's not an argument against home ownership as not everyone who buys a house intends to sell it; I bought a house to live in it and I don't plan on moving

>>53327609
i'm not arguing against home ownership. and i think homes were fairly priced back in 2020.

>>53327257
>>53327283

So a thing about primate cultures is they will make loud noises to assert dominance or display desire to mate. A lot of zoos have to be careful not to give their monkeys toys that will bang loudly or make big noises because it will mess up their social hierarchy. I had a friend who worked in a zoo and one day just to entertain the monkeys they gave them this big rubber ball. One took it up to the top of their playpen and jumped off with it, causing it to pop very loudly. This startled a janitor who knocked over a ladder and broke a glass window. All the other monkeys looked at "ball monkey" like he was some kind of a God after that and none of the other monkeys would bully him and he got better picks of the females.

>>53322618
So move somewhere more affordable you whiny bitch.

It’s cyclical, no one buys or sells during Jan

>>53328024
Fascinating.

>>53328042
Yes if only we could all live in Bay City, MI and Crookston, MN.

>>53322782
HOAs are deathtraps

>>53325180
Not after doubling the last couple years

>>53327609
Home ownership is based. Home investing is retarded and they deserve whats coming.

>>53328024
So much winning for BallMonkey

I want to move out so bad but I can't afford it (nyc area and job)
Every day I weigh the costs vs benefits. On one hand I save a shitload of money living at home, on the other my commute is 3hrs+ everyday and when I get home I have to deal with shitty food and raging alcoholic dad.

Never

>>53327104
Except your salary :)

House market prices are not dropping. A lot of anons here and even attention starved e-celebs like Nick are starting to understand.

>>53328631
>The elephant in the room on inflation in the short term is housing, which represents the largest component of core inflation. Housing costs in the CPI data are lagged: home price and rental increases of the last couple of years are showing up now in the CPI data. However, current measures such as apartment asking rents are slowing significantly.
>This makes sense given the sharp rise in mortgage rates and the largest percentage increase in multifamily units coming online since the 1970’s. In other words, the collapse in housing (whose speed now rivals the housing decline during the double dip recession of the 1980’s) should dampen inflation substantially in 2023.
https://privatebank.jpmorgan.com/content/dam/jpm-wm-aem/global/cwm/en/insights/eye-on-the-market/2023-outlook-jpmwm.pdf?jp_cmp=pw/ContentSharedViaAdvisorChannel/ema/OFTtemplate01012023/NA

>>53325020
Property tax is rentoid cope lmao. Imagine thinking your rent doesnt cover the landlords property tax

>>53328024
This is one of the funniest stories I have ever read.

>>53328417
Move out, money is not more important than the time you waste commuting and the emotional toll of an uncomfortable living situation. But you're saying you can't afford it so why are you even weighing the cost/benefit?

>>53325020
I pay $1100 in property tax A YEAR on my home and acres because since it has agricultural use I can apply for greenbelt status, I pay $105 a year for another 10 acre plot of land I own; I assure you property tax is a cope argument when you are paying more than that on a months rent alone.

>>53328827
Because I like to dream that one day I will

>>53323883
no one is stopping you from building as many houses as you want. The issue is overlay high salaries across the board + normies suddenly obsessed with using residential properties as an investment vehicle. Eventually buyers on margin will be unable to meet their mortgage payments and in most areas the market will crash 20%. Not in tier one cities though, those have virtually infinite demand. Something people also tend to underestimate is just how many people are leaving mid-sized cities to move to top cities. Already you are able to buy as many houses as you want in pop. 50k OH for nothing.
The move is to buy in NYC LA etc no matter the price and to rent anywhere else for a year or two. If you live in flyover housing costs are already negligible compared to national salaries.

>>53329522
Is Atlanta in that bracket or am I fucked?

>>53322569
blackrock jews will buy it all before you can even make an offer

>>53322569
Lmao I bought a 4,000 Sq ft 5 bd 5.5 bath house for 600k in North Houston... recently valued at 825k. Life is good

>29
>almost 30
>mom trying to force me out to buy a house so she can have more sex with her new boyfriend
Bros I don't want to buy at the peak of the market.

>>53331539
>watch mom get blacked daily
>buy at the top of the market

Tough call anon

>>53328663
As long as Financial Institutes such as BlackRock continue to buy up properties and outbid families then we have nothing to worry about.

>he doesn't know they're beginning to up land as well

>>53331572
Why are you celebrating depopulation measures anon?

>>53331675
BlackRock is a popular midwit meme. Most of the time I'm too polite to point out it's BlackSTONE with real estate.

>>53322569
idk my Zestimate went down a lot

>>53331725
its still like 100K+ more than where it was in 2020....my parents house went from 390 to 560 and is only down to 520. Is this just the new normal?

>>53331695
It's why I said "financial Institutes" you pretentious idiot

>>53331808
Well say Blackstone Capital time so people don't assume you're a midwit, midwit.

>>53328663
>he thinks the Jew landlord is not going to raise his rent payment this year
Anon I-

>>53328024
This is the hood on an average night

>>53322618
>I live in Atlanta
N

>>53331252
Atlanta is tier 2

In leaf land houses have dropped at least by $200K since last year at the same time, and they are still going down.

By the end of this year there will be a bloodbath.

>>53322594
I wouldn't even give you $100k for one.

I AINT BUYING UNTIL SHE CRASHES

I'm in LA area and my zestimate has gone down 100k from the peak 650k to 550k, but I bought in 2018 for 380k and don't plan on moving for a few years.

>>53322569
Dropping almost 40% here. Nice but typical new houses that were listing for over a million are now listing between 600 to 700k.

>>53322569
You wont be able to buy shit, even whe the housing market collapses you wont be able to buy anything in a hyperinflated currency.

In order to buy anything in the next monetary system you'll need real money.

bought 35 acres and a house for 600k
Adios rentfags, I'll be paying my own mortgage from now on

>>53332080
i work remotely and am moving to a lower COL area not too far away when my lease ends. i also plan on causing considerable damage to the property (invasive species seeds) when i move out.

>>53331808
Hey anon, I couldn't help but notice you dodged my question. >>53331675

Why do you think internationalist hedge fund manipulation of real estate is a good thing? Are you perchance a 2020+ home buyer who bought a +300% inflated home, and have major emotional interests in the market staying in extremely overbought conditions?

>>53322569
It's crashing right now.

Where I live is down 5% last MONTH. And that's after already going down 20% in 12 months. The falls are accelerating.

>>53322569
It is crashing.

>>53328383
There should be some investors and flippers buying up condemned homes and making them livable. But taking a livable house and re-painting it and re-doing the landscaping then asking for another 100k is not flipping a house.

>>53322724
There already was a 5% crash.

>>53322569
>WHEN WILL IT FUCKING CRASH
A 5% price drop is a crash, buy now

>>53333787
>>53333648
I meant when are we getting 2018 or even 2020 prices

>>53328207
Hey, Bay City is a nice place. Hush up.

>>53333648
Then it happened already. Thread over. Enjoy your new homes anons

>>53328078
Two more weeks?

is an 30 year interest rate at 5.5% the best ideal rate nowdays?

>>53328024
fuck jannies

>>53325020

Property tax on my paid-off home on 1.2 acres is $500 a year. Seethe.

>>53322569
I'm here to tell you with *full confidence* that it will *never* crash because I don't understand credit creation or how prices are set.

>>53322618
>in
hope u mean near unless ur rich enough to live in VA highlands or some other nice neighborhood

otherwise though, in north OTP, I've been seeing a lot of houses sell for a bit under listing, might be better to check already sold houses for their offers. I've seen some single families selling for around 350k in Duluth/Roswell for example, feel like 300-325k could be possible in fall or next winter if the trend keeps up and prices correct for the recently barren sales volume

>>53334728
Kek rent poors just don’t get it

>>53333648
> -20% "crash" ONCE in 80 years
> rentcucks think they are going to get 2018 prices
> mortgage that costs $1,400 in 2021, now costs $2,300

>>53332356
Fuck yeah. Put off my studies this year and deferred my acceptance because student accommodation was so fucked for finding a place to live. By the fall I'm hoping for some serious financial collapses across leafland.

Recessions are the comfiest time to study and build skills

>>53332768
>TWO WEEKS
So you will be renting for life than. Good luck with that.
>tranime.jpg
ywnbarw

>>53337337
The fed got too cocky. Its cardboard that grows on trees. I can sit with roommates as long as i need to.
you need to zoom out because all of that is fueled by boomers and they're dying out soon
millenials will legalize concrete printed homes.

>>53322569
Real estate crashed for the first and only time ever in 2008-2011


It will literally never happen again.

Prices may go down slightly this year as rates go up but all things considered the price is still going up you are just paying the difference to the (((banks))).

A 2000+ sqft house with 3br 2ba in a white area is and always will be worth 500k. Sure a few years ago that house was 175k. Gold was also 1100$. Markets move. Inflation is a thing. Money is what it is; they have doubled the supply in the last few years. the USD is going to zero. You can buy that house for 500k now @6% or pay 3mil in a couple years @ 3.5% it’s up to you.

Either way you’ll pay 2.5-5% the value per year in taxes to the state for the privilege of “””owning””” the the place.

>>53322793
Build one

>>53327425
>However, if rent for a studio is that much of course it's a no brainer to own your own place where a mortgage would probably be less than $1000.

yeah thats what im mostly thinking. and yeah i would never live in the country. i would rather live overseas in the third world. visited midwest for business trips and it got too boring for me. i need lots of people. maybe when im 40 ill feel different

>>53322618
>atlanta
why do people choose to live in a state with income tax? are you a cuck?

>>53339560
To add, a decent normal house in a white area is worth half a million dollars in current dollars. In ten years that may be two or five million. The real issue with housing is will the arena stay white? White areas will outperform as obviously they are more desirable. If the area is browned and the school district is comprised of mullatos and blacks the vale will be less of course. Still a 500k house will be worth 1mil in ten years but in an area that is still white it will be 2.5mil. Maybe 5.

Niggers ruin everything.

>>53327376
I got fucked over buying a house over this. The appraisal came 30 grand short and had to come out of my pocket. So the deal fell through. But its ridiculous how many shitty houses in my area have inflated by 100 grand over the past year. None of them are worth that much especially in the ass end of texas

>>53339616
I was thinking about buying a townhome for 180k, ended up going the extra step and just bought a nice 3br 2br for $280k. worth every penny spending that extra money. Almost similar boat as you but only had $80k saved up and could pay it off in 6+ years if i wanted to. Its not that stressful owning a home alone, just make sure you get a good inspector and the house is good

>>53328207
>Noooo I can't live in the Midwest I deserve to live in...a 50% black city in the south instead that's somehow more expensive?

>>53339449
anime website