/biz/ - Business & Finance

>>53845936
SSSSNNNNNIIIIIIIIIIIFFFFFFFFFFFFF

>>53845936
>Dirty feet
Fucking gross

>>53845936
because selling your house is an absolute last resort and unemployment is still at all time lows. nobody will sell their house until they lose their job. in 2008 GFC the housing market didn't bottom until 2011.

>feet out
What a SLUT

>>53845968
ding ding winner. the housing market always lags the rest

>>53845936
Because retards continue to buy the dip

>>53845936
baby Lambos went from 80k back up to 110k for a gallardo

the housing market isnt going anywhere as long as the car market is still inflated.
people sell cars before their homes

>>53845936
Most homeowners are locked in at low rates. The speculators who are highly leveraged are able to raise rents because there is such a limited supply and there is low unemployment. Plus, there aren't many variable rate loans, in comparison to the "great recession."

>>53845968
>unemployment is still at all time lows
How does Biden do it bros? He's getting 4 more year isn't he?

>>53846022
Nobody gives a fuck about these stupid part-time retail jobs, especially when these employment numbers contribute to further inflation and more aggressive interest rate hikes.

>>53845936
All roastie whores deserve the rope

>>53845936
Black Cock

>>53845936
Cuz the people alive can still afford them which is more than the houses available.

>>53846022
Lol it’s easy to keep unemployment low when nobody makes a living wage

>>53846040
>>53846106
enough to keep housing prices up apparently

>>53845936
>6%

anon I.......

>>53845936
>.why hasn't housing market crashed yet
Not enough people have to sell yet.

>>53846129
>Yay, more inflation and unaffordable homes! Thanks Biden!

Your vote should not count the same as mine.

>>53845936
what is it with white people and their love for women who are shaped like prepubescent boys.

>>53846189
>unaffordable homes!
apparently these homes are affordable because people aren't selling

>>53846207
Chick literally has a perfect body.
Shut the fuck up nigger. Go fuck your fat stinky pigs instead and leave the tight petite heart shaped ass girls for me

>>53846129
sure until all the wfh tech bros turned neets run out of severance

>>53846106
>a living wage
quit making up terms

You're not entitled to shit

>>53845936
BBBBBBBBBRRRRRRRRRRRAAAAAAAAAAAAAAAAAAAAAAAAAAAPPPPPPPPPPPPPPPPPPPPPPPPPP

>>53846207
White people are better than you, and slender women are the best. Enjoy your fatass obese future wife.

>>53846252
agreed. that's why we are in the midst of a massive housing correction. these covid rich entitled 2% mortgage normies buying houses above listing price at all time highs are about to get fucking REKT. They are already down 20%+ and the pain hasn't even started

>>53846286
>that's why we are in the midst of a massive housing correction
I bought a house December 2019 and am still up significantly, how massive is this correction really

>>53845936
How much for her to paint my walls?

>>53846305
good, and sounds like you think it's gonna keep goin up so good investment buddy

>>53846325
>two more weeks

>>53846130
What's going on

>>53845936
2 year is at 4.8
10 at 3.9 same as 30

>>53846015
>Most homeowners are locked in at low rates

depends where you live
In Australia, 800k+ home loans come off 0 interest rates this year. I believe NZ is facing this also.
Our banks are preparing for the worst
Id bet the US has something similar

>>53846486
If they did that in the states there'd be blood in the streets.

>>53845936
Because inflation is out of control and interest rates are going to go a Hell of a lot higher. Powell missed his chance to really shock inflation and get it to start dropping. Now? You better get used to the idea of interest rates going to 10% just to start and maybe up as high as 15%.

>>53845936
mommy

>>53845936
it is crashing. it just goes in slowmotion. not like crypto ofcourse because it's so illiquid

>>53846062
that your mouth is built for

>>53845936
Because 10Y yeild hasn't hit 4%

>>53846207
What is it with black people and their love for women who look like Terry Crews?

>>53845936
>>53846130
You are both wrong.
Current average rate on a fixed 30 year is 6.5%
https://fred.stlouisfed.org/series/MORTGAGE30US

>>53846015
Housing market has novolume, "most" of the market bought before 1990, repeat after me "low volume scam pump"

low volume scam pump

>>53847607
That's fucking ridiculous. I could only afford my house because I had the "luxury" of a fixed 2% interest rate for 20 years.

Thoughts on land following housing prices or leading/lagging after the pullback?

>>53845968
In 2008, the housing market bottomed in 2009. It just stayed there for a few years afterward, mostly because liquidity dried up as bank tightened on lending.

>>53847740
What do you think the situation will look like a year from now? Decent time to buy?

>>53846305
-25% prolly

>>53846486
Nope, our Fed guarantees mortgages forever

>>53845936
I want to hurt women

>>53845936
Is the interest rate actually 6% or is that a jew lie? I assume Wall St. still has access to cheap financing, but dont have any evidence

>>53846106
Slavery had near 100% employment

no ass, no hips

>I-i-its gonna crash, r-r-right boys?

Keep coping guys. Its never going to crash and you will never own property. You will remain slaves to the cabal for the rest of your lives while waiting for muhhh crashh. You aren't entitled to anything.

>>53846207
Maybe I don’t want a disgusting nigger ass that is just a chore to fuck.

>>53846851
they can't raise the rates that high without crashing everything

>>53846022
Unemployment is low because workers are now net aging and retiring.
Plus shit tons of people started side hustles or just stopped working 60 hour weeks so the market has had to adapt to the fact that there aren't as many workers to well work.
t. 72 hours a week longshoreman pre covid on an employee payroll roster that had decreased 40% from my start in 2010. from 25 employees to 16.
post covid its 40 for the man then 25 for me.
but that 25 doesn't exist if you're the taxman
Why do you think Biden wanted a literal army of 80k IRS agents. They need the manpower to extract money from a diffuse group of "nonpayers".

>>53849104
This. Imagine having to deal with seismic waves because of the nigger ass.

>>53845936
Just going to leave the cutting in up there to dry without bothering to roller it. Most expensive item a person usually buys.

>>53846332
>two more weeks
The exact attention span of a....

>>53846106
>Lol it’s easy to keep unemployment low when nobody makes a living wage
It's even easier when you can classify 12 hours of work per month as meaningful employment.

>>53846634
>If they did that in the states there'd be blood in the streets.
The average hoomer (I.e. woke office worker with a phat mortgage to pay off) isn't your typical riot squad type.

>>53846340
Nice picture anon. If I may.... you should change the colour tone of her hair further down so it doesn't include pink in the background to create more of a contrast between her body and hair

>>53846486
Most of the non-commonwealth world has long term (10-30 years) fixed rate mortgages since the early 00s

>>53847701
>Thoughts on land following housing prices or leading/lagging after the pullback?
It's gaining SUBSTANTIALLY quicker in the UK due to people fleeing London to the countryside. E.g. I've been watch 1-2 acre fields that would previously have been 12k, bought for 20 two years ago, sold for 67k 18 months later.

And.... there's pretty much zero possibility they'll get planning permission (a perm) to do anything whatsoever with it.

Gonna be a lot of land baggies. I almost bought one. Really glad I missed out on that.

>>53846486
It's going to be glorious

>>53845936
Because we had massive immigration in the last few years (despite an alleged pandemic goin on at the same time), artificially driving up demand.

>>53849781
>>53846486
Yes bois!

Bong land is the same. Picrel is the bank of england base rate. 400 year all time low achieved.

>nows achually a good time to 'buy'

but wait..... what's that.....

>>53849801
It's only a little recorrection on the way!

Morgies on sui.

All hail the fixer upper chads should bought'd outright

>>53849789
Call me crazy, but I have a suspicion the rapid transit of millions of ultra low standards round the planet and the increasing waves of infections MAY be connected

We’re going into a new paradigm, interest rates are going to rise further and for longer than anyone expects probably atleast a decade. I’ve no idea why it hasn’t crashed the housing market I honestly thought it couldn’t handle rates this high but it seems to be absorbing it… for now

>>53845936
How do I tell this bitch I can see her ass cheeks without making her embarrassed?

>>53846012
>baby Lambos went from 80k back up to 110k for a gallardo
gallardo is an ancient piece of shit by now.
it's bordering on a humiliation ritual that the thing is still being sold in hid umpteenth "big penger speciale editione."
it's a car for fucking retards; same as the fossil that is the audi r8.

every fucking recent vw golf has a higher level of technology, drivers assistance and creature comforts than ANY dumborghini being sold at the moment. (the fat ass retarded "SUV" doesn't count because it's a audi q8 with a bodykit)

if the fucking aventador successor doesn't even have golf tech standards then they should close shop.

smart people buy the proper golf R for multimillionaires which is the porsche 911 turbo S

>>53846022
>How does Biden do it bros?
There's a very simple explanation to it:
Americans nowadays simply can not afford not to be employed anymore.

>>53849837
>We’re going into a new paradigm, interest rates are going to rise further and for longer than anyone expects probably atleast a decade.
This. We have exited NIRP, ZIRP, LIRP monetary policies globally and people still haven't come to terms with it. Not entirely the peoples fault because these things were "the normal" simply for too long. There are people in finance way past their careers half time point who never saw elevated levels of interest rates let alone a monthly red candle on a chart.
It will take time for people to adjust and in the meantime I guess a lot of capital is going to be misallocated.
>I’ve no idea why it hasn’t crashed the housing market I honestly thought it couldn’t handle rates this high but it seems to be absorbing it… for now
Makes you wonder how much of the 2008+ GFC really was an artificial, mostly orchestrated, inorganic controlled demolition...

>>53845936
OH GOD IM EDDDDDDGGGGINNGGGG SO HARD BROS

Bros I just want a modest 2br home with a garage in the midwest. How much longer do I need to wait?

>>53845936
Jesus that ass is just perfect. Why did I see this today.

>>53845936
Wouldn't mind painting her vaginal walls with my thick white emulsion if you get what I mean.

>>53849928
Maybe you should stick to tesla if you want ”tech” when buying a car lmao. Driver assistance on a sports car?

>>53850079
Why wait?

>>53849064
Why do retards like you even post here, we all know you’re just trying to validate spending too much on an overpriced house. Just stop dude literally no one cares

>>53850139
>built in 1880
Anon please. Redwing is pretty nice though

>>53850126
gfy
you don't even know how to drive stick, burger.

>>53850079
you'll be waiting forever for your real life to begin

>>53850188
Why is that bad? I don't know much about houses from that period

>>53846305
It isn’t. These idiots are the same one a year ago telling you that the US would default if we went to 5% or that LINK was a bear market token. Homes in the Midwest are already price dropping multiple times. Filter the signal from the noise.

>>53849837
Exactly. You like others anons thought… but you idiots have no idea what you are talking about.

In the US homes have decreased (price dropped). Now you are expecting another huge drop? Of what realistically 25-50%? Okay how much does the average fast food wagie make? In the Midwest they are offering $17 an hour. We already know why, but when will that wage be decreased 25-50%? Another anon above hit it on the head, the largest working population is going into retirement there are a huge number of openings for the younger generation to obtain in management, sales, engineering, and tech. Yet you morons sit here thinking you are going to time purchasing a home and pretending to be an investor (you are all probably LINK baggies) when the best times are all ahead of you.

>>53850107
no pls elaborate

>>53850100
picrel

>>53845967
absolutely baseless.

>>53846022
>How does Biden do it bros?
By doing the exact same thing king nigger did : not counting anyone who spent more than 2 month looking for a job.
Those faggots nigger lover don't solve issues, they only change how they count the numbers. See inflation (we are closer to 13%-15% if we use the 2008 counting formula)

>>53845936
its crashing
housing is probably one of the most illiquid markets there is besides niche collectables
illiquid means moves lag and can be erratic
also anyone tracking if blackrock is still buying housing?

>>53846022
>kill 750K working age people
>have baby boomers retire early en mass
>Gen Z is smaller and can’t replace either of the above groups
>a lot of people just said fuck this bullshit and quit during COVID
>immigration is down, and no all of those illegal immigrants aren’t taking jobs to replace that

Powell’s going to have to straight up destroy companies that on the brink to move their workers into more critically needed job sectors

>>53845936
Because housing is a necessary. Unless your monthly is absolutely insane amount compared to rent in your area, it's better to hold on to the house as long as you can because at least you're getting some equity. The people who get hit now are the people who fucked themselves on leverage.

It isn't high yet

>>53845936
>>53850699
>its crashing

>>53850776
>The people who get hit now are the people who fucked themselves on leverage.

>>53850791
>NOOO you HAVE to use so much leverage that a couple months of slightly increased interest fucks you over
>NOOOOOO you HAVE to fuck with margin requirements every day or you'll never make it broooooooo

>>53850852
>a couple months

>>53845936
I could paint that ass for her.

>>53845936
BRAAP. because when you took out your mortgage at 1% they were supposed to have tested to see if you could manage if the interest rates suddenly hit 7%. Then again I am surprised we aren't seeing more repos from idiots that spend every penny they have every month and weren't expecting le giant increase in payments. For me, I fixed for 10 years when it was 1.3% kek. Just had a bad feeling about the economy at the time. But i'd imagine there are tons of people still on very low interest rate fixed mortgages.