/biz/ - Business & Finance

>>53334488
im sitting on $100k cash. looking forward to fistfucking some boomer faggot to death this summer with obscenely low offers and personal insults.

>>53334488
checked

>>53334582
And you will still be renting and living in another mans home. Kek.

>>53334604
Somehow AI food is creepier than AI people.

>>53334620
i can buy your plywood shitbox in cash, chudnigger.

>>53334679
Not even close poorboy.

>>53334679
>I am gonna buy your $500k house for $100k and few childish insults because uh... BECAUSE I WILL THATS WHY
Grow up you manchild.

>>53334488
>Old and Busted - Austin, San Francisco
>New Hotness - Charlotte, Kansas City

>>53334995
>Kansas City
Really?

I will hew down trees with my axe in the forest, I will create my own lumber mill and mine/foundry.
I will build a house like squatting jews in west bank
When atf shows up I will stick their decommission up their ass like ira
My sons and I will build a ship with trees and sail to Caribbean islands where they will repeat the process

>>53334979
>In a key sign that the tide is turning in favor of home buyers, sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any three-month period in Redfin’s records, according to a new report from the technology-powered real estate brokerage.

you will cope. and you will seethe.

Stacy sisters...I don't think I'm going to make it...

its going DWON

Once all the vaxxed are gone house prices are going to be basically zero. It will just be whoever squats there first gets the house.

Thread has boomers mad

>>53334857
>>53334979
Stare into this man's eyes. He's coming for your zestimate. I know he keeps you awake at night. I know you awaken to night sweats and shivers of terror at the prospect of him remaining hawkish.
>"th... th.. the ff....f.... fed will p... pivot
>"pr...p. .... p... priced i... in."
>The 2021 top buying new mortgage home "owner" whispers to himself, as his sleeping meds finally kick in

>>53335079
Yeah bro just two more weeks and we will see le crash. This is the new standard for house prices. Sure it might drop a little bit but not even remotely close to a crash. You have gotten priced out. On the bright side you have enough cash to pay rent to live in another mans home for a few years.

>>53334857
>>53334620
>I'm using your property
>>haha you're paying me for my property
>I'm using your wife
>>haha you're paying me to use my wife
your wife is about to take a huge nosedive in value
>>but you paid me to use her, YOU are the cuck
>Verification not required

>>53335256
>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

i imagine it's tough, knowing that 90% of your sub 6 figure net worth is locked up in a plywood shitbox with another 275 months of payments on the hook. but its value is gonna drop through the fucking floor and there's absolutely nothing you can do about it. kill yourself, if you must. i'll be there to buy it for pennies on the dollar at the post-suicide estate auction.

>>53334995
>Kansas City, MO
LMAO
LOL even
Here's the only thing worth visiting there and Pakis have overrun this frozen shithole

>>53335320
Gigacope

>>53335256
Nervous hands typed this

>>53335292
What is this rentoid babble? Rents due soon make sure to pick up some overtime.

>>53335403
Nervous about what? I'm not selling my home. I have no mortgage living the good life. Keep renting though bro you are le smart one.

>>53335202
Just two more weeks. Wwg1wga. Shadilay my brother. Praise kek.

>>53335437
>keep renting
this is a thread about looking to buy, niggerbrain false dichotomy retard.

>>53335437
>Nervous about what bro? I just bought my second whole bitcoin for 69k.

>>53335419
rents are trending downward sorry dude most i can give you is $600/month. oh, you're gonna evict me? okay, i'll just wait here rent free for the next 2 years while the courts work through the case logs. oh, you're gonna try to force me out? well you should know that i keep a loaded ar15 under my bed and its a stand your ground state. dont force me into a self defense situation.

>>53335480
Nah I bought in 2015 for a price so low I don't want to tell you because you will probably commit suicide.

>>53335461
No it isn't you stinky jew. It's a retard thread saying how housing is collapsing when it clearly isn't because you are still a rentoid.

>>53335494
>i can buy your plywood shitbox in cash, chudnigger.
flyover chud bragging about his 1230 square foot plywood box in the outskirts of kansas city, missouri spotted!

>>53335461
they're used to npc echo chamber arguments. they have the skills and mentality of a child. its dumb of you to even respond imo

>>53335494
Then why are you such an insecure faggot at the prospect of housing losing steam? You got to enjoy a 13 year bull market. Number went up, now number will likely go down. Or are you perhaps the equivalent of dog coin holders who could have sold for 100x gains, but just HODLED xD to the bottom?

Kinda strange for someone apparently this in profit to get so upset about a housing correction

>>53335507
its a gay brainwash shill thread and you're an insufferable absolute faggot

>>53335513
Ah yes the flyover state of NJ. Kys dumbass.

>>53335577
Zoom out.

>>53334679
with 100k? seek help

>>53335579
You angry because Mr. Noseburg just took another $2300 from you this month?

>>53335614
You had 13 years

>>53335320
>i imagine it's tough, knowing that 90% of your sub 6 figure net worth is locked up in a plywood shitbox with another 275 months of payments on the hook. but its value is gonna drop through the fucking floor and there's absolutely nothing you can do about it. kill yourself, if you must. i'll be there to buy it for pennies on the dollar at the post-suicide estate auction.
who hurt you

>>53335632
i'm not angry you're cringe bro. stfu already

>>53335666
Home owner cringe is much better than rentoid retard.

/r/rebuble schizos are some of my favorite schizos. they're like completely normal people but have qanon-tier beliefs as a cope for being poor

>>53335641
Never selling

>>53335703
>/r/
Stopped reading. You need to go back.
>>53335709
We don't want you to sell, just like whales don't want $60k+ bitcoin holders to sell. Bagholders are important exit liquidity during -85% capitulation drops.

>>53335755
>Stopped reading. You need to go back.
that subreddit is literally full of lolcows like you

Hoomers truly are all vaxxcattle redditors

>>53335755
We could have a 2008 style collapse and I would still be far into the green. Keep coping. My suggestion would be to get off 4chins and go to work so you can purchase a house before you are even more priced out.

>>53335320
>i imagine
RENTOID PAYS MONEY TO RENT ANOTHER MAN'S HOUSE IN THE REAL WORLD WHILE RENTING AN IMAGINARY SPACE IN HIS HEAD TO HOMEOWNERS RENT FREE
THE ABSOLUTE STATE OF RENTOIDS
LOL!
LMAO EVEN!!
HAHAHAHAHAHAHAHAHAHA!!!

>>53335810
Not buying your bags. Begging is illegal on /biz, but an ad.

>>53335810

Not buying let it explode to the millions.

>>53335817
>eat the rich
>trans lives matter
>two more weeks until le collapse
>I love big cities
>avid funko pop collector
>38 different subscriptions to media
>doordash enjoyer
>need my starbucks

>>53335842
Giving it to my children. I know it's a hard concept for you to grasp but people actually ejaculate in women and raise children.

>>53335911
I'll CONSIDER throwing a $50k bid on your house after the collapse if your kids ask nicely enough. That'll probably be overpriced though, and one should be very careful catching falling knives

>>53335601
we both know you're a north NJ poorfag. watch your mouth when you're talking to a southeast PA chad.

>>53335817
my rent is <10% of my monthly income.

>>53336003
North east PA is for chads. South east is for homosexuals.

>>53336593
guess where I'm from, nigger. i SPEAK and people like you LISTEN.

>>53336617
Probably Kensington.

>2015 These high real estate prices are unsustainable. I will wait for the incoming crash
>2016 These high real estate prices are unsustainable. I will wait for the incoming crash
>2017 These high real estate prices are unsustainable. I will wait for the incoming crash
>2018 These high real estate prices are unsustainable. I will wait for the incoming crash
>2019 These high real estate prices are unsustainable. I will wait for the incoming crash
>2020 These high real estate prices are unsustainable. I will wait for the incoming crash
>2021 These high real estate prices are unsustainable. I will wait for the incoming crash
>2022 These high real estate prices are unsustainable. I will wait for the incoming crash
You are here: 2023 These high real estate prices are unsustainable. I will wait for the incoming crash
Everything has gone up in cost and so will housing. Cost to construct is crazy expensive. Minor correction now adjusting for retarded boomer over valuation. Bigger issue is for consumers to get used to the new higher interest rates (which are more of historic norms). Cheap money is gone and if you didn't buy, you missed out. You will never own a home.

>>53337072
This was me until 2020. Then I said fuck it and bought a house. Even with recent adjustments I'm up over 130K. My ex who lived with me was seething when she came over saying she would never be able to get a house this nice and her dumb fuck boyfriend doesn't make any money.

>>53334488
> checked
> only ONE -20% drop in 80 fucking years
> housing only goes up
> $1,400 mortgage in 2021, now costs $2,300

>>53337206
Kind of like after 2008 crash. Lot more factors involved these days. There will be no crash.
>People won't sell homes because they won't give up 3% APR.
>Cost to construct is too high.
Muh boomers/vax die off. Their wife, kids, or bank will own the house when they crap out. 20% of boomers are actually rich. The rest are mortgaged to the hilt. Their children will own nothing.

>>53337288

>>53337262
>2023 graph of major bubble pop/crash. Pic rel
OMG. Sell all your real estate immediately!

>>53337321
just wait faggot, what comes up must come down. i have over 100k cash sitting on the sidelines. im ready to slurp

Riddle me this renters.

If the issue is we have supply problems, and inflation has made the cost of supplies and labor sky high, how do you BUILD the affordable house you think is coming?

>>53335450
It’s happening now. You and your trans girlfriend should go get your boosters

>>53337363
>2023: i have over 100k cash sitting
Inflation on your purchasing power
>2023 You now have 90k
>2024 You now have 80k
>2025 You now have 70k
Also the cost of housing/mortgage:
>2023: Up 10%
>2024: Up 10%
>2025: Up 10%

You will have nothing because the bank jews steal from you non stop.

>>53337448
anyone with white skin and a brain is putting $25k a year or more into savings and investments and capturing 7% inflation adjusted growth while homes long run average earn 2-3%. cope and seethe, nigger chud.

>>53337367
They won't build shit.
>No knowledge to build
>No money to build

Could buy an old bus and park it on an empty lot (pending city ordinances). Or far out in the bush. But most people want to live in the big city or a big farm. Not so feasible these days.

They say the same things commies say. They don't want a house, they want YOUR house. For free or near free.

Cost of shit is expensive and these niggers can't do shit. Replaced my ragged roof last week. Estimate 56k. Actual cost, me and 2 guys, 10k all in. 250k in just material house will never sell for 50k.

>>53337473
Good luck with with your Buttcorn crypto bro . Stocks are over valued and have no actual value (it's all debt). Real estate, tangible assets (even small businesses i.e. farms, etc) will always hold value.

>>53334620
*Another banks home. You still have to wait until 2050 anon

>>53334488
Just burn down wall st owned housing or leave America ffs

>>53336048
OMG WTF YOU MUST BE RETARDED THE SPACE IN YOUR HEAD IS RENT FREE AND YOU PAY FOR SPACE IN THE REAL WORLD LMAFO BRO HERE IS A PRO TIP: CHARGE FOR THAT SPACE IN YOUR HEAD BRO LOLOLOLOLOLOL

>>53337812
POV: meth

Hey so basically I'm just not gonna lower the price of my second house... I know UGH I know... I'm sorry!!!!!!!!! It's just that I'm not gonna lower it is all HAHAHAHAHAHAHAHAHAHAHAHA

>>53337363
You and everyone else. You vil pay ze asking price.

>>53337714
Lol, nice cope. Nothing more gay then paying a man to live in one of his rooms hahahaha

>>53337288
>>53337072
>>53337978
>muh boomers die off
>muh not going to sell
>muh 3% fixed
More like,
>lay offs
>cost of living
>AirBB bubble market saturation
>new construction
>Largest ever share of investor owned homes
>more speculative home buyers/investors
>forced sellers
>Rents cooling off
>property taxes
>boomer die off is actually a problem that immigration wont stop
>energy prices set to go back up
>big businesses forcing employees to go back to the office
>covid funny money drying up
>consumer debt through the roof

Sorry, the price is set in the margins. Simple as. Hope you all live in your forever home and have recession resistant income. Not saying its going to crash but there are strong signs the party is over in the RE market.

>>53338041
Imagine being so stuck on this analogy while you pay daddy government to not take your house away and put you in prison
You're renting too, just at a lower rate now that you've dumped what was likely decades of your nearly worthless life into as well

Everytime I see this thread I check. Still going up. Try living somewhere desirable.

>>53338155
No thanks, desirable places attract hippies and I like my guns.

>>53335486
Haha sheriff will drag you out of the house in a couple months and your shit will be so tainted that no lNdlrd will rent to you except the kikiest of kikes. Enjoy your cardboard box

>>53337849
FRESH OFF THE BOAT, FROM REDDIT, KID? HEH I REMEMBER WHEN I WAS JUST LIKE YOU. BRAINDEAD. LEMME GIVE YOU A TIP SO YOU CAN MAKE IT IN THIS CYBER SANCTUARY: NEVER MAKE JOKES LIKE THAT. YOU GOT NO REPUTATION HERE, YOU GOT NO NAME, YOU GOT JACKSHIT HERE. IT’S SURVIVAL OF THE FITTEST AND YOU AIN’T GONNA SURVIVE LONG ON 4CHAN BY SAYING STUPID LITTLE JOKES THAT YOU’RE LITTLE HUGBOX CUNTSUCKING REDDIT FRIENDS WOULD UPVOTE. NONE OF THAT HERE. YOU DON’T UPVOTE. YOU DON’T DOWNVOTE. THIS AIN’T REDDIT, KID. THIS IS 4CHAN. WE HAVE REAL INTELLECTUAL CONVERSATION HERE, SOMETHING I DON’T THINK YOU’RE ALL THAT FAMILIAR WITH. YOU DON’T LIKE IT, YOU CAN HIT THE BRICKS ON OVER TO IMGUR, YOU DAILY SHOW WATCHING SON OF A BITCH. I HOPE YOU DON’T THO. I HOPE YOU STAY HERE AND LEARN OUR WAYS. THINGS ARE DIFFERENT HERE, UNLIKE ANY OTHER PLACE THAT THE LIGHT OF INTERNET POP CULTURE REACHES. YOU CAN BE ANYTHING HERE. ME? HEH, I’M A JUDGE... THIS PLACE... THIS PLACE HAS A LOT TO OFFER... HEH YOU’LL SEE, KID. . . THAT IS IF YOU CAN HANDLE IT...

I admit, there is hardly a better, more satisfying feeling than owning your own home. Even though my house has done a 500x since I bought it, I don't care. I don't care if it goes up or down as much as it's my home, my yard, my trees. I love pissing in my front yard. I was stuck as a rentoid forever. Totally kino that I escaped.

>>53337072

Demonstrably not true. Case Shiller at 8 is truly not sustainable.

>>53338143
the party is definitely over, but renters still have the wrong approach. so do zestiboys.

everyone argues in the most elementary, simplified ways here, showing no real awareness of the larger factors at play.

the people with homes in desirable places are just as on the margins as the renters living in the outskirts of those areas. they're all interdependent which is risky. everyone's quaking in their boots, the public is very insecure at this current time.

i will NOT rent the pod

>>53337978
Lmao is this a Sam hyde meme?

it's... still up 10% from when I closed in 2021

>>53335370
??? I live in KC and had to look up what campus that was

>>53335810
delusion

OHNONONO
https://forums.reiclub.com/forums/index.php?topic=12540.msg58185#msg58185

>>53338788
Sorry, wrong photo

>>53338801
>Just wait another 5 years to move out of your moms place

>>53337518
no one wants to buy YOUR house at these prices because we know exactly what you're saying. you paid $10k for that roof + a day of labor and you're trying to sell it for 56k
we haven't forgotten the price history either

>>53338405
What most people don't understand is even if the Fed pivots and injects more money, demand is still going to crater. because home prices will go up and no one can even afford these prices. it'll be a shitty slow market where rich people continue to fleece the system to buy up everything.

>>53338801
Post made in 2006

>>53339376
yeah but nobody wants to actually work, everybody wants to pretend to work in a giant bullshit economy while printing money and attempting to enslave and debt trap immigrants. This is going to end with inflation and the collapse of the bullshit economy and the return to a fundamentally sound one.
Owning nothing is not a solution to house prices going up (which everybody is finally learning is the result of real wages crashing).

>>53339595
Owning nothing is absoultely a solution that most millenials are opting for now. if the kikes ever decide to give up on the game, I could buy a small plot land and put a small house on it or buy an existing.
I looked into doing it myself, its just not worth pretending I can learn how to be a good enough plumber, electrician, and roofer and do the work myself.
I'll pay someone to do it in a more cost effective way while I wage at a higher salary doing what I specialized in.
Roping is a better alternative than wage slaving 15 years for a shitty cardboard box.

>>53339357
Yes
>5 years place cash into even the most normalfag safe investment like VOO or even, allah forgive me for this, Bonds
>buy a houseniggers asset for 40% off with your asset that has now appreciated 20%

>>53339401
If demand plummets and supply stays the same why would the price continue to rise?

>>53339761
Because it will ok.
Stop asking questions

>>53339644
They will expand credit next in order to prop up real estate. This is what happened in Japan with 100 year mortgages for example. We are in for seriously fucked up period with inflation starting soon.

>>53334604
> Pastetto dealership
Mamma mia

>>53339761
>>53339779
artificial demand is infinite if the fed prints. but in that scenario we're returning to 15%, possibly higher inflation. and I'm betting the government isn't ready for that.

>>53339799
if we hold the rates here the Federal Government will print massively for the interest payments on debt. They will drop the rates, perhaps not to 0.00 nominal but in real terms we are still negative as i type this and we will be negative until FED is gone. I believe they will drop the rates because of the interest ballooning on balance sheet in Washington.
Either way, once people understand that the inflation is not going to end they will attempt to borrow, credit will attempt to tighten, causing the Fed to buy more bonds to suppress price etc etc etc.
There's less time than people think.

>>53339822
I think it's going to cause a bigger fight in congress than people are used to. Yeah they fight over it every year but if they don't curb spending growth the USD is going to collapse and cause bigger problems.
the interest on debt is relatively small if we're just talking until the end of this year. but by the time it becomes a bigger problem we'll already be in a recession and a housing bust.
just like in 2008 when they lowered rates to zero it's not going to magically repair all the damage that's been done.

>>53339537
And he nailed the GFC and time for markets to recover to pre crash levels. Pretty fucking impressive

>>53339870
Yes he did. My mouth dropped when I saw "it will start to peak in 2020"

Just bought a caravan. Shit is ridiculous at this point and I'd rather live in a cave and wipe my arse with a rock than spend a single cent pumping boomer bags. Lick my taint

>>53334488
Selling my house and will be sitting on nearly $300k in cash. What do.

>>53340162
>Just bought a caravan
>I'd rather live in a cave and wipe my arse with a rock than spend a single cent pumping boomer bags.

>>53335052
Gotta build the axe from stone too

>>53339376
Commercial building and desirable. Will sell it because I hate rentfag poorfags. They make me sick.

You may not have any real skills, but the real cost of building labor + material is high and people have to pay them or nothing gets done.

Didn't read; not selling.
Verification not required

>>53339851
Why not run the govt like a poorfag looking at bankruptcy?:
>Print/borrow more to cover interest
>Ignore repercussions
>Ignore plebs
>Live large until you can't
Don't see inflation going down. Any prediction of future economy is pure speculation. Uncharted waters in a fake and gay economy not tied to reality.

>>53334582
You're losing like 1k a month on just inflation right now holding that much cash lmao, housing market isn't crashing either. Housing market might revert to 2020 prices at best and then go back up

>>53334488
It's going down

>>53334488
My house just went up $100k oh yaaa BABAY

>>53338801
Based Mike

>>53338748
That's Mizzou. It's in Columbia, Missouri.

>>53338801
Go go that fucking form. Retards saying the same shit hoomers have been saying here for months. One guy named brad ended up killing himself.
https://appraisersforum.com/forums/threads/housing-bubble-bursting.103686/

>>53334488
They need your home for your replacement population, so pack your shit and move into that apartment tower.

>>53341112
no....

>>53334620
Niggers really take out an 80% LTV loan for 30 years and start waiting for their call to get on the Bigger Pockets podcast.

>>53344421
I'm waiting for my mixtape to blow up.

*knuckle pop*
*clears voice*
>is this thing on? Testing testing 1, 2, 3

Proud rentcucks are by far THE most retarded, coping, POORFAG, soiboi faggots to exist on earth

You are LITERALLY throwing away money on rent. Then you're so retarded you try to cope like "wahh, you're paying property taxes tee hee" *eats own shit*. Hey dumbfuck, your landlord gets charged property tax and you know what he does? HE FACTORS IT INTO YOUR RENT hahahaha, yeah that's right. You're paying property tax on property you don't even own you stupid faggot

Then they talk about "muh ability to travel" (as if selling a home is some foreign, impossible concept) but literally sign 6-12 month leases completely thwarting any travel options unless they buy out their lease... what a massively stupid thing to do. "Yeah I want the ability to travel but yeah I'm signing this doc that literally straps me down in one place unless I pay $10,000 to get out of it"

>I don't have a lease
This post isn't about just you, you stupid fuck. Just because YOU don't have a lease doesn't mean the vast majority of rentcucks also don't.

I could go on and on. About how after 10 years a MortgageChad™ will have tens of thousands of dollars in equity. How their mortgage will be basically the same but rentcucks will be paying on average 30% more then than they are now. How rentcucks literally live 6 inches away from their neighbors. How they have no yard. No attached garage. The crime rates. The stairs and walking 100+ feet to your car (don't even act like this isn't annoying) then the stress of finding a close parking spot and constantly parking near the dregs of society who will smash your car with their door and other belongings.

Being a rentcuck is so impeccably retarded it's unreal and only surpassed on the retard spectrum by their pride in being such lowly peasants

"Zestimate" "Rentoid vs Housecuck" "Landlord" threads are almost always complete shit trash threads. Only fighting, no substance (I learned nothing about the housing market in these threads).

Renters and homeowners ITT insulting each other to make their own mediocre financial situation feel not as bad. Look at this pic, anons. Renters and homeowners: suffering together.

>>53344492
Renting has a purpose.
>Poorfag that would otherwise be homeless
>You moved to a new city
>Temporary work
>Ability to stay mobile. (Good for young workers).
If you're 40 and happy to rent cuck with your 4 cats and blow up doll. Not so much.

>>53344492
if substantially all of your net worth is tied up in your home then you are incredibly poor and the envy of no one.

>>53344667
Wow, cool irrelevant opinion.

Meds

>>53344474
Speaking of real estate and mixtapes I remember Grant Cardone dropped this image that looked like a Trapaholics mixtape or some shit from Cash Money Records in 1998

>>53344492
>you're throwing money away on rent
Over the course of a 30 year loan @ current rates, you will 100% of the purchase price in interest alone.

>After 10 years you will have tens of thousands of dollars in equity
Tell that to the people who bought the peak of the market in 07.
>it's different this time
lmao
Alternatively, if you are getting tens of thousands of dollars in equity that probably means that the currency the value is being denoted in is losing power which also means that your real estate is likely getting outperformed.
Do you niggers want a place to live or are you speculating? Fucking pick one.
>if speculating
Fuck you, I make more trading shitcoins because they it's a smaller market cap which means more volatility and I can execute a trade in a gigasecond.
>If living
Fuck you, I don't need to come out of pocket $100k to be on the hook for 30 years of debt service just to have the same 4 walls and roof that you do.
At the end of the day there are times where it makes sense to do one over the other but I'm so sick of this retarded nigger shit that homecels keep spewing. If your home is equal or less than 20% of net worth then fine, I can see an argument but a lot of people are going all in + leverage just to be house poor and committed to servicing 30 years of debt they can barely afford. It makes no sense I'll keep saying this in every single one of these threads.

>>53335202

Wrong. The gubment will give houses to african immigrants and $10k a month tax free income. While natural born white Americans get raped.

>>53345379
>Over the course of a 30 year loan @ current rates
>current rates
Yeah, you missed the train. Sorry bud LOL you have been

P R I C E D O U T
R
I
C
E
D
O
U
T

Over the course of 30 years, you will have paid literally ∞ times what your apartment is worth - considering you don't own shit LOL
>Tell that to the people who bought the peak of the market in 07
If they held onto their home, that home bought in '07 is literally worth almost double what it was worth back then, on average. Pic related
>Alternatively, if you are getting tens of thousands of dollars in equity that probably means that the currency the value is being denoted in is losing power
Today, anon learns about inflation and demonstrates his complete lack of knowledge that property is literally a hedge against inflation. Congrats retard! Post more! Every time you do, you'll further expose your idiocy!
>I make more trading shitcoins
Stopped reading here LMAO. Post key fob right now. I don't give a fuck about your gay opinion because it's obvious you're retarded. Now I want to shit on you personally. Post key fob right now, you gay LARPing poorfag.

>>53334582
>this summer
Unironically wait till 2026, this crash has barely begun.

>>53341009
It is crashing, housing market moves in slow motion, home prices are down 5% since the high in 2022.

>>53345529
TWO
MORE
WEEKS!

>>53345663
more like 2 more years. >>53335320

>>53345504
>you missed the train you're priced out forever
Literally the last words of every top buyer of every market ever.
>Anon learns inflation
Yeah anon, I know inflation. I am also aware of the relationship between interest rates and asset prices. I'm sure as the recession continues and more people lose their jobs and people are forced to sell into a market with far less buyers everything will just keep going up because housing is somehow the one market that defies the laws of economics, and market theory and allows every retard to get rich.

>>53345663
>TWO
>MORE
>WEEKS!
It's literally right now faggot, home prices have been coming down every month for the past 6 months.

Look at the damn graph, last time it came down at all was 2012. This is literally the beginning of it.

>>53345698
>no key fob
DID NOT READ LOL

As I already said, you have already conveyed you're retarded, no I want to prove you're a LARPing poorfag which is currently underway and will be confirmed the next time you reply with no key fob attached

>>53345775
how much money do you make a year? every post you've made so far reeks of lower middle class desperation, an hourly worker whose only hope of retirement is a $100k plywood box. kek.

>>53334582
100K will still only buy you a cardboard box in niggerville . Seethe.

>>53345831
i work remotely in a non-tech career. i'm sorry you are low IQ.

>>53345713
>home prices increase 20% on average in a single year
>"LOOK LOOK!!! THEY ARENT PERPETUALLY INCREASING AD INFINITUM!!
>THIS TIME THEYLL GO DOWN AND NEVER RECOVER!
>THIS THING THAT HAS NEVER HAPPENED BEFORE IS DEFINITELY GOING TO HAPPEN THIS TIME!
>Q SAID SO!

>>53345805
>Heh, unfortunately for you kiddo, I can SENSE your income from your 4chan posts.
>a wojak post? Heh yeah, you DEFINITELY don't make very much money. I can literally sense it

rentcuck vs zestimate tranny is the best debate on the internet

>>53337473
>anyone with white skin and a brain is putting $25k a year or more into savings and investments and capturing 7% inflation adjusted growth while homes long run average earn 2-3%.
Anyone with half a brain got a $500K got a leveraged asset for a mere 2.5-3.5% rate for 30 years which is lower than the rate of inflation. It was free money AND it provided you with a necessity, a place to live. You cannot get a $500K loan at 3% interest to dump into the stock market you fucking retard. Even a lot of people without white skin and a brain realized this.

>>53345909
you didn't answer my question. i made $143k on my 2022 w-2, which i just received. and in about 10 weeks i will have a $20k pre-tax, pre-401k bonus sitting in my checking account.

I get that hoomers are not gonna sell, but some people are gonna get seriously burned. I mean I was a member of an AirBNB group on Kikebook and there were people actually taking out ARMs on a 2nd property during the craze. Added to the fact it seems like every 4th person I meet in my normie life has a realtors license, I knew the jig was gonna be up sooner or later.

>>53345931
i was making shit money back then. things can change. we're all geniuses in a bull market / in an era of cheap credit -- just another case of right price and right time.

>>53345775
>car is a sign of wealth
Let me guess you drive a used Audi A5 and your parents come from a country that was occupied by Turkey.
Post your tax returns + hand

>>53345959
I work in tech and noticed on LinkedIn that one of my ex colleagues quit his software engineer job to become a real estate agent...that was when I knew the top was in.

>house is listed 6% over zestimate but I like it
>talk to agent
>he calls back same day to say price is now 15% higher
bro wtf

>>53345949
Whoa that's cool. i made $193k on my 2022 w-2, which i received last week. and in about 5 weeks i will have a $40k pre-tax, pre-401k bonus sitting in my Platinum™ checking account.

>>53345989
>no key fob
>still seething
>"no I no do thing, YOU do thing!"

>>53346007
I too am a chef at Wendy's

>>53346007
i'm guessing $23/hour -- but you get at least 10 hours a week of mandatory overtime at time and a half, which you love doing.

>>53345994
Kek, like I said, when I’d say I’m looking to buy a house soon (recently moved) EVERYONE has a friend with a realtors license that’ll “hook me up”.
Unironically massive top signal to me. Like that old saying “When your barber is talking about stocks, it’s time to sell.”

>>53346032
>now for my special trick. I will perform MENTAL GYMNASTICS to imagine you as this arbitrary character in order to cope with getting owned. Checkmate. Heh, my reality, my rules

>>53346046
>When your barber is talking about stocks, it’s time to sell
Modern housing isn't unlike dog tokens when btc was at 69k. Everyone is trying to desperately pull you in before you're "PRICE OUT FOREVER!". Insinuations that the party is over, and housing will in fact let off steam is met with vitriolic emotion, not unlike many of the top-buying anons ITT.

>>53346118
i make considerably more money than you. my rent payment to shekelberg is <10% of my income. i have more cash than you. i can wait people like you out. i don't NEED to buy a home to retire (and retire early, at that.)

you really should just quit while you're ahead. and i haven't even touched on your speech patterns which remind me of an unmedicated schizophrenic in the midst of a europhoric episode.

>>53346169
Didn't you read my post? I make considerable more money than YOU and my mortgage payment is less than 5% of my income because it's paid off and all I'm paying is property tax and insurance.

you really should just quit while you're ahead. and i haven't even touched on your speech patterns which remind me of an unmedicated schizophrenic in the midst of a europhoric episode

>>53346024
Seething about what? I pay less than someone would pay to ‘own’ the same home and I didn’t have to come out of $100k and sign a 30 year debt obligation at the peak of the market to do it.

>>53346130
Housing does not look like the BTC chart to me anon >>53337262
I should have bought a few years ago, I listened to people who let it cool off. Even if we have a big drop my mortgage is going to be much higher than a few years ago.

>>53346286
>no key fob
>still seething
>now trying to convince himself he made a good decision

Yeah just checked mine.
>Up another 10k in the past week.

I really think I should sell.

>>53334488
I did, it's up 60k in 8 months; seethe more

>>53346292
That quite literally looks like the absolute generational top of a shitcoin anon.
>Median house sale approaching $500k
Kek. Retards will look at that and think it's organic and sustainable with our apocalyptic consumer debt and stagnated income in the west. A bunch of guys can get together and throw up a modern mutt wet cardboard shack then slap a $500k for sale sign in front.

Ask yourself - Is technology getting WORSE? Is it HARDER for humans to build houses, which is naturally reflected in the market price? Or are multinational hedge funds just banking in on mass third world migration artificially keeping demand high, supply low, and everything is entirely speculation? We'll find out which of these scenarios holds true in the coming years.

>>53343957
>One guy named brad ended up killing himself.

Do the people in the thread address that?

The guy was coping hard in 2006/early 2007.

Then he just stop talking right around the time the bubble started popping.

>>53338232
>see you around the chans kid

>>53346118
>>53346240
>>53346367
Low IQ replies try again but this time in english.

>>53340723
He's right. New homes have been shit since at least the 1980's and the quality is only going down due to cutting corners on material quality and lack of good workers (Most are from the third world). IT'S OVER.

Quick reminder that boomers are starting to die in droves 5 years from now. This plus the rising rates, it's probably a once-in-a-generation event.

>>53345931
>$500K
a house that is worth $250k, tops. you waived inspection, and paid for white and gray paint. maybe some staged Target trash furniture thrown in. you're fucked.

>>53334488
If you are looking everyday for a house to move into, you can already see what is happening. Every couple days a house needing renovations is put on the market well below average becuase the corp who bought to flip it is now getting squeezed by interest rate hikes and low future demand, and is being forced to sell. Just passed on land on the 18th green of my local club during a court ordered auction.

>>53335079
>sellers gave concessions
Um yeah, you can have the garden hose.

>>53344550
That's true. So I think most people should be looking at buying a house mid 30s. They will be much better positioned, likely get the benefits of long term ownership, and be wiser in purchasing.

It's this buying at all costs with extreme leverage at age 25 that we criticize.

>>53344288
>worthless
>3/4s regret their purchase
Certainly RE isn't overpriced though

>>53335202
Do you have the source excel doc or Google sheet? I have numbers for the US I downloaded from the CDC but I never even thought to build it as legible as this

>>53335216
>gen z and millenials seething over being priced out cope by shitposting means boomers are mad
lol no

>>53344288
If I remember correctly the GFC was kicked off by only a 5% move in foreclosures.

>>53343957

this is fascinating

>>53337448
>inflation is 10%/year

>>53343957
holy shit

time is really just a flat circle, man

>>53338143
>>Largest ever share of investor owned homes
it's like 0.001% of homes, retard

>>53343957

It's just proof that at any given time there's a million absolute fucking mongoloids acting like they know everything and being proven completely wrong every time.

>>53334582
A lot of people are. Mathematically there is more cash in the world than ever before.
Hence prices will not crash nearly as hard as anyone expects, and you'll all miss the entire dip.

>>53353573
These people will keep waiting for the "big one". I've noticed that a lot of people growing up through the GFC as their only bear market has warped their perspective. Now they think real estate pump and dump like their shitcoins. A 10% dump is a major move. A 20% dump is historic.

>>53335052
Based settler.
>>53334488
Checked.

>>53353624

8 on case shiller is sustainable to you?

>>53353709
Is 31tril in national debt sustainable? Is pic related sustainable? Housing hasn't outperformed other equity market. Look at the S&P they all look damn near identical. So what is inflated?

>>53353066
Uh, I have some news for you, Mr. President

>>53345504
based boomer destroying zoomer rent cucks

>>53334488
Bought a property last year and the value already went up by $50k. The mortgage company is pestering me to refinance. LOL

>>53334488

Yoo vill EET ze Zestimate!!!!!

>>53353180
Learn to use google you faggot
>Investors comprised 18% of purchases at the end of 2021

>>53353573
>A lot of people are.
absolute delusion. the average down payment for first time home owners was 7% last year. the average down payment for non-first time home owners is irrelevant because they won't be the ones to trade a 3% rate for a 6%+ rate. very few normalniggers are actually sitting on $100k cash.

>>53334488
-2.6% last 30 days. -4.2% from peak.

>>53353839
>>53353624
>home prices double in 5 years
>what is inflated?
You're legit retarded if you can't understand the very simple concept that lower interest rates fuel asset pumps and higher interest rates fuel asset dumps. Interest rates are rising with no sign of slowing but sure the Fed will pivot in 2 more weeks and every mouth breathing retard who could sign a mortgage will ascend into the new home owner aristocracy because that's exactly what happened everytime we've been faced with a similar situation.
Dilapidated housing selling for 7 figures was the real estate market equivalent of monkey jpegs selling for 6 figures.
Real estate moves in cycles like all other asset classes and it just had 10+ years of up only with the biggest increase of money supply this country has ever seen. You are fucking delusional if you think you're only going to see a 10-20% drop from the highs especially when the Fed is so committed to dealing blows to housing and labor markets which are strongly correlated.

>>53341009
You’re losing money in any market right now, with cash you’re losing less

>>53357068
i have my cash parked in a high yield savings account with an APY that exceeds the annualized inflation rate, if you believe the jewish lies of the government.

>>53345379
>gigasecond
= 1,902 years

>>53357068
You’re not losing money in short term TIPS, except after taxes depending on your bracket.

>>53357051

They're not even planning a pivot this year and have said so multiple times.

>>53338748
You must be a stupid nigger if you live in KC

>>53335769
>Reddit
Kill yourself nigger

>>53345999
But I thought hooms were crashing?

>>53357834

So you're the type of person that can't look at data.

>>53357861
You've been coping and seething the whole thread. Don't worry prices will go down another 5% this year. Maybe then you will be able to afford one and avoid cucking every month on rent?

>>53357903

>still can't provide data

I could tie you to a chair and force you to look at data and you still wouldn't get it.

>>53357931
>TWO MORE WEEKS

all this fud can only mean it's going to poomp again and the best move is to hold your nose and buy in now

>>53357939

>>53335398
>gigacope
Oh the irony

>>53357960
>illiquid markets with 30 day sales cycles which almost always require financing and 3-6 months of looking on average will see short terms moves in pricing based on sentiment
That's not how it works.

>>53358076
>TH... THAT'S.... YOU'RE WRONG!!!!!!

>>53335419
Rents have declined and rental vacancies are up nearly double digits in some markets, up 3% over all.

Don't tell me the real estate developer wannabees didn't pay attention to price to rent ratio - again

>>53358076
I think you meant to reply to someone else with that phonepost word salad, anon

>>53358076
Personally I think that we will see the lagging indicators reflect this new reality in roughly March or April

>>53345775
Ive been lurking this thread and you honestly sound like a seething retard to me.

>>53358261
I typed it on my laptop. I’m phone posting now though
Sorry u r 2 retard to read
Housing doesn’t have the same inherit volatility as equities due to the constraints of the market place.

>>53345831
What is a down payment?

>>53359123
Yeah. It’s 100k down payment on a 500k property that some weeping boomer whinges used to be worth 600k (although it was 300k a few years ago).

>>53335202
It’s almost as if inflation can directly caused poverty related illnesses like using the heating or power.
>muh vax
Though I understand the anti globalist corporate pharma sentiment, this is Retarded.

>>53359167
>Y-YOU CAN'T DO THIS TO ME!!!!!
>THAT $100K IS ALREADY SPENT!!!!!
>I HAVE A 1967 STRINGRAY RESTORATION TO PAY FOR!!!!!!

>>53344288
>1 in 5 chose to live in a worse location
Fuck that, save for an extra year or two and then buy yourself a nice hooom in a decent (white) neighborhood, or settle for 3 bed vs 4 bed, anything at all to avoid living in the ghetto or ghetto-adjacent. I figured idk 10% of new home buyers compromised on location, 20% is insane. Depends on what they define as "good neighborhood" or "worse location" of course, but I think there's been a huge trend in late-20s single white women buying homes in shitty spots, wonder what the eventual impact of this will be. Used to casually date a nurse that made great money, she bought a remodeled home like 3 blocks from the hood in Houston, really pretty house (on the inside, exterior was ok) but fuck I hated going over there

>>53359206
>>53352280
Plz post the US because England is way too small a sample size and US would be better as it's both more people and a more diverse climate with lower costs of heating as well which would resolve what this anon is saying: >>53359206

>>53359811
>save for an extra year or two
Anon, don't you know? YOU'LL BE PRICED OUT FOREVER IF YOU WAIT. THESE ARE RATES ARE LITERALLY FREE MONEY ANON YOU CAN'T WAIT IT'S A ONCE IN A LIFETIME OPPORTUNITY

>>53334488
Can't ignore these numbers. Checking the zestimate now

>>53359256
>Home equity loans
That $100k might actually already be spent kek

>>53335292
>I can't afford a house or wife
We know this man

>>53335486
Why larp. You will never shoot anyone and will pay your rent early

>>53357051
Let me posit the question in a different way. How do you keep a 31 trillion national debt manageable. Raising taxes is no go, it is too direct and will piss off the populace. Then how do you service even just the interest on such an astronomical sum? You increase the money supply in the economy, and therefore increasing the cost of everything, which as a byproduct you get more tax revenue and keep the music going. Which as also mean stealing from the savings and from people with fixed income.

Do you think the feds will decrease the money supply by any significant amount? Interest rate is only part of the equation. And the feds is never gonna allow deflation happen, we can't sustain the economy in a deflationary environment. They're just gonna keep it at a manageable level.

If they're serious about controlling inflation, the interest rate should be twice of what they are, and they're already slowly down rate hikes to miniscule .25, bps next hike.

>>53359206
>be commie
>simp for big pharma
sad.

>>53359944

Yeah it's a balancing act where you inflate away debt perpetually without letting it go into hyperinflation.

Austerity is never on the table.

>>53335494
>I bought BTC for $300 therefore it will reach a permanently high plateau at $69000
homobaggies are unironically going to rope

>>53338041
lol, you aren't mortgage free if you bought in 2015, not in any house worth selling.
I'm actually rescinding my offer. Personally I think 100k buys the land, your shack, your meth head "wife" and you'd still be paying me $250 a month for the $50k you owe me

JUST

>>53335810
>buy my bags at $69k or you'll be priced out f-forever!
'no'

>>53359944
Erm, you inflate the money to stupid high levels. use the QE to service the debts until having enough inflation to pay them outright or extend them 10x and then cause another 910 the day after a hearing that would cause the economy to crater.

im sure youll muddle through it guys.

>>53337262
> $1,400 mortgage in 2021, now costs $2,300
and you retarded baggies ACTUALLY think this is BULLISH? RE is a slow market, it will take years to bottom

>>53360253

Exactly. Wages haven't kept up to the price explosion. It's a slow bleed and a fast one if we get a black swan.

>>53335202
Phew so I'll probably be safe with only 2 jabs

>>53360284
once all this bullshit cant be contained by media anymore, there are gonna be hundreds of people on street corners telling all the vengeful lemmings to go get another booster. vaxxies will never have a moment free of worry again

>>53335202
>For deaths where the underlying cause of death was not coronavirus (COVID-19), excess deaths were 7,360 below the five-year average; deaths were 7,406 above the five-year average for males and 14,766 below the five-year average for females.

thats a funny looking on switch

>>53360277
It's more sinister than that. The bottom 50% wage earners don't pay much taxes to begin with, and get hit hardest by inflation, as cost of living expenses make up a significant portion of their expenses and they have next to no breathing room. The higher earners do get wage increases but a lot get pushed into higher tax brackets due to the way our income tax is structured and they end up paying more taxes on their raise. It's why rich people want a fixed tax rate.

Just keep your expectation in check if you're looking for entry opportunity. RE is slowing, but I won't expect a "crash".

>>53360356
https://pubmed.ncbi.nlm.nih.gov/33937408/

https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths/articles/excessdeathsinenglandandwalesmarch2020tojune2022/2022-09-20

>ctrl-f disorder of fluids

guys, you left this one on the back of the shelf. it's too dark to see it back there

>>53360439
>Diseases of the respiratory system with 36,700 fewer deaths (a 21.8% decrease)
last one

>>53334488
everything in my city losses like 2-5 percent a month.
This is the house next door.

Its happening.

>>53360763

>>53360855
I told him.

>>53360763
>>53360855
Trendline blown the fuck out.

>>53359944
>You increase the money supply in the economy, and therefore increasing the cost of everything, which as a byproduct you get more tax revenue and keep the music going. Which as also mean stealing from saving
Yes. Note that nobody saves in cash, they save in assets, follow that thought to the logical conclusion.
>protip: over 80% of tax revenue comes from wagies
The Fed is forcing a real terms asset crash via a labor market short squeeze to jack tax revenues to balance the books. Boomers getting rugged hard

>>53360389
>The bottom 50% wage earners don't pay much taxes to begin
Peak midwit. 35% of federal revenue is payroll tax which everyone pays and caps out in the low-6figs, wages are also suppressed in no small part to supply side labor subsidies (SNAP, low income housing, Medicare etc etc) funded via deficit spending, which bolster asset prices.

>>53339751
White people in America have been brain washed into thinking nepotism is bad. So they wont stay with their parents

>>53335320
>i imagine it's tough, knowing that 90% of your sub 6 figure net worth is locked up in a plywood shitbox with another 275 months of payments on the hook. but its value is gonna drop through the fucking floor and there's absolutely nothing you can do about it. kill yourself, if you must. i'll be there to buy it for pennies on the dollar at the post-suicide estate auction.
thanks for the JP link my dude it's gud stuff.

>>53363437
they arent zog's favourite little golem for nothing.
when i learned that mutt boomers usually sell their children's childhood home for extra retirement fun and leave them hardly any inheritance i couldnt believe it honestly.
an entire country of 300M people completely stripped of having functional families that look out for each other.

>>53364264
>DUDE JUST MAKE EACH GENERATION START OVER FROM SCRATCH LMAO

>>53344288
Bagholder phase

>>53347094
>Is technology getting WORSE?
The bullshit that you have to deal with permit/regulations, and contractors is getting worse.
>Is it HARDER for humans to build houses
It's more expensive (materials and labor). Also, average person doesn't have the IQ to hang a picture frame.

>>53349753
New construction is atrocious. Cheapest possible. Sealants won't last 6 mo. Workers are paid to make it look 'normal'. But behind, it's all fucked up.

>>53357730
cope

>>53364333
checked
wagmi fren

hi there coping rentoids

>>53358234
>Rents have declined and rental vacancies are up nearly double digits in some markets,
>Some
Maybe in shit locations. For us niggers that own real estate in desirable areas, asset value and rental rates have increased. I leased some of my rentals in 48 hours during the worst time of the year. At an inflated rate. Will raise rent next year.

Also have a house in an established gentrified white neighbourhood. 1MIL a year ago. 1MIL today. Value is not going anywhere because you're paying to get away from niggers. No shortage of East Coast transplants with money.

>>53344667

>>53344492
based
>>53345379
cope

There's so little inventory in my rural area that the Zestimate changes dramatically with each individual house sale.

>>53364809

>>53362774
Bottom 50% earner are the people making below 60k. They contribute a tiny portion of total tax revenue after rebate and deduction.
https://taxfoundation.org/publications/latest-federal-income-tax-data/

>>53338801
>until the next boom which should be about 2020
How did he know?

>>53364857
a sign of a delusional Zestimate

>>53364857
and zillow give preferential treatment to new sales.
So baggies don't panic.

>>53362673
>Note that nobody saves in cash, they save in assets, follow that thought to the logical conclusion.

That is part of the problem. Everyone knows about the inflation problem, so it's a bad idea to put your money in cash. But where do you put it? Now we have a situation where all the equity market are so intertwined that they move in lockstep. It has become truly difficult to actually hedge your investments.

>>53365341
>income tax data
Like I said, peak midwit. Income tax is not payroll tax, everywagie is a tax slave

>>53366711
Follow It Through. If you are the State and want to steal from savers what do you do if savers save only in assets?
>w-well they can't deflate!
They can, in real terms. Higher for Longer. Crash asset prices in real terms by forcing up wages. Steals from savers, keepings the State solvent, keeps companies solvent, doesn't cause social strife.

>>53334488
I have people I work with who are insisting that the prices will go back up and some of them are buying second homes. I don't know what to tell them any advice?

Like I know now is the absolute most retarded time to buy but I don't have the words to put it into normie speak

>>53366952
Giving other people financial advice is a lose lose situation. They'll blame you if it goes wrong and you don't really benefit if you were right. Unless their asking for your opinion you shouldn't weigh in too heavily, only say how you see things in broad terms.

>>53366810
I was speaking of earnings, not specifically those who are on the payroll of another.

>>53366924
They already have a system in place for that. Capital gains tax. Although there are loop holes, such as first time deductions on real estate and like kind exchange tax deferment. Runaway wage hike is a can of worm not even the fed want to open. Hence why they are forcing up unemployment to cool down the labor market.

Sorry, not paying the rent jew.
Sorry, not paying the mortgage jew.
Sorry, not paying the boomer jew.
Sorry, you will have to maintain and pay taxes for your shitboxes.
Yes, I will live with my parents and I won't give a single cent to jews. Cope, seethe and dilate boomers - who is gonna live in your house with current population crash?

>>53367053
They would hate me if I even mentioned the broad terms too then. Even saying "the housing market is in a bubble three times bigger than 08" would probably kill my relationship with them. It really sucks

>>53334488
I am up another $10k this month. Mortgage payment is only $600. Owning a home is so sweet bros.

>>53367498
Until it crashes and you can't sell my dude

>>53366952
A wagie and his lifeblood are easily parted, you can fix stupid, just smile and avoid them as best you can

>>53334582
based haha, FUCK BOOMERS!