/biz/ - Business & Finance

>>54173500
If it's fixed, no
If it's variable, maybe.

>>54173500
He bought the top at high interest rates
You have to be retarded to be a buyer right now

>>54173500
>Did he buy the top?
He wouldn't care if he did, chud.

>>54173500

>buying this chart

there wont be a bubble

>>54173760
I'm in the process of buying my first home right now
I understand that chart, but i also understand the money supply just recently 5x'd

>>54173710
Imagine thinking high interest rate is worse than high purchase price

>>54174006

I can see the logic of you gambling on money printer going brrrrrr again. Best of luck.

>>54174074
isn't it the same result?
> my savings still dead

>>54174148
no, you can always refi

>>54174074
it depends. if you're paying an inflated price only because of recent insanity and it's not reflected in any renovation or work on the house prior to listing, then yeah high purchase price is worse.

>>54174182

Well two scenarios:

>rates go up and you have a lower than current rate
>rates go down and you refi

Price is probably the biggest factor in this market

>>54173500
It literally doesn’t matter unless you’re buying houses to flip and re-sell. Anyone who buys a house and intends to live there for 5+ years can’t lose whether they buy the top or bottom of a market.

The people who makes these threads are at best filthy rentoids paying for their chad landlords mortgage every month, or at worst living in mommy’s basement unironically, seething that there are people with more independence and privacy than them.

>>54173500
like buying in 2007

>>54174480

yeah some niggas were underwater for a decade

>>54173560
rofl
wages are going to drop 90%
doesn't matter if your payments are fixed or variable at that point

>>54174709
wrong. priced in for the goycattle too. see you in July

>>54173760
Does the chart account for the US money supply 3Xing in the last three years?

>>54174248
This Hoovers can't lose

FED raises rates
>Glad I got locked in when I did
FED lowers rates
>Looks like it is time to refi at a lower rate

>>54174074
At this time you have BOTH, the worst possible time

>>54174074
Prices are still at ATH for almost every property on the market. If not at ATH some Boomer is still trying to get atleast 2x what they paid.

>>54175029
In theory the money supply would affect wages and home prices equally, no? Meaning the chart is money supply agnostic

>>54175029
Yes. You see that “income” part? That’s indicative of what the average person can afford.

>>54174363
>no response at all
Seething rentoids and basement dwellers eternally btfo

>>54173560
>If it's fixed, no
Have you seen the IR on 30yr mortgage rates lately?

>>54173760
Exactly this lmfaoo.
Fixed/simple or variable, it doesn't matter. This is literally the top.

>>54175491

kek here's your pity (you)

>>54174363
>Anyone who buys a house and intends to live there for 5+ years can’t lose whether they buy the top or bottom of a market.
Ok. Now explain what happened in 08, incorporating this exact statement of yours.

depends where he bought it, if he keeps a steady income, god there are so many factors it's not worth looking into
who cares?

What happens to mortgages and other outstanding goy debts when the US treasury announces a public debt default later this year?

I'm thinking Argentina-level inflation but banks will rewrite the debt contacts to adjust your payments, because they can.

>>54175587
In 2008 people who bought houses they couldn’t afford (retards) missed mortgage payments and got foreclosed on, because banks were giving 500k loans to people making 30k a year. Do you think that happened in the most recent run-up? If so do you have any proof to back up the claim?

Anyone who bought a house that they could afford in 2008 just kept living there, probably refinanced for an EVEN LOWER PAYMENT, and then proceeded to make a fat stack when they sold their house in 2020 for 3x it’s 2008 value.

Seething rentoids/basement dwellers hate home owners so bad that their pure jealousy makes them blind to logic, facts, and reason. It’s a disease worse than no-coiners

>>54173760
>thinks 50 year mortgages aren't in the near future for US homebuyers
Ha. Haha.

>>54174074
Lower principal is always preferable, but right now principal hasn't budged with like 6% rates. It's the dumbest time of all to buy right now.

>>54175865
>banks will magically rewrite debt contracts and magically avoid the terms of the iron-clad contracts they’ve already signed
Tell me how I know you know absolutely NOTHING about contract law lmfao. “Duh banx will juz chang da roolz!!!!” Drooling retard get absolutely fucked by your lack of equity and net worth. Rentoids stay seething

>>54173500
What’s his IG

>>54175906
Prices have appreciated on average 10% in my area, even with interest rates doubling. There is barely anything available in the market that isn’t a slum house needing a tear down. A house payment for these houses would’ve been almost half if purchased a year ago

>>54175944
Where are you, if I may ask, anon? The ride hasn't even begun.

>>54175975
No self doxx sorry, it’s very common for rural areas with good proximity to a mid size non-pozzed city. Commuters and remote workers are still desperate to get out of the city and own some land but don’t want to be more than a 30 minute drive away from a downtown. These areas are a gold mine because the supply is way too low for it to outpace demand anytime soon.

I’m watching the absolute shittiest houses you can imagine get scooped up above asking, albeit the time on market has increased. Nothing is selling same day or within 3 days anymore unless it’s priced crazy competitive which is very rare

>>54176072
I see. Well, keep in mind that rural areas tend to feel the end of the "wave" in prices last.

>>54173500
Housing is on the way down, he didn't buy the tippy top but still nowhere near the bottom. He'll ragret.

>>54176109
For sure, I think rural areas also tend to experience less extreme swings. So probably no 50% crash in value during a recession but rarely are property prices doubling during a bull run either.

Imo, the wild card here is remote workers. Adding a bunch of people with a lot of money to the pool of potential rural home buyers could have really crazy long term consequences. These types of areas have an average income of 50k and usually not great job prospects historically, which naturally suppressed the housing prices in the past

>>54175878
>Do you think that happened in the most recent run-up? If so do you have any proof to back up the claim?
I'm so fucking glad you said this.

>>54176412

>>54176429

>>54176450

>>54176465

>>54173710
Why? Can't you just lock in the low home price and refinance next year when rates are lower?

>>54176429
poorfags will have to move into homes with friends
actually if you start a harem it's great

>>54176479

>>54176514

>>54176539

>>54176568

>>54176514
>>54176539
>>54176568

Stuff like this makes my dick hard. Thanks for posting it.

>>54176589

>>54176611
>>54176590

>>54176651

>>54176412
This is interesting, the rest of what you posted was sensationalized faggotry and literal anecdotes of poor people being retarded though
>>54176675
1.3T loss was a 2% drop lmao

Damn it feels good to know my mortgage payment to income ratio is 10%. Get fucked rentfags keep seething and coping

>>54176733
You will be underwater soon.

>>54176786

>>54176786
And you will still be a poor, seething, and coping rentoid lmao. Cry more little faggot, I could buy my house for cash outright if I wanted to, but until inflation slows that’s a bad financial calculation

>>54176651

>peak of the mountain clown market
>this nigga talking about positive cash flow

>>54176806

>>54176855
Got a retard just like him. See anon below.
>>54176855

>>54176871

>>54176892
Meant to include retard anon
>>54176819

>>54173500
he should have waited. What a retard

you all need to shut the fuck up and realize that
NORMALCATTLE ONLY CARE ABOUT MONTHLY PAYMENTS
they don't even look at the APY or the total principal on loans
jesus get with the times niggers, it's not 1950 anymore

>>54176907

>>54177014

>>54177091

>>54173710
You are really retarded, buy a cheap home on high rates then refi when rates come down vs buy same home for double the price at a good rate.

>>54177221
>buy a cheap home on high rates
>cheap home
Lol. Where have you been the last 4 years?

>>54174074
But purchase prices are still high, at least in my area. Shit has barely dropped at all while interest rates are almost twice as high.

>>54173736

>>54177221
Fucking idiot. Kek. There are no cheap homes. This is literally the top.

>>54177719
And the fed is turning on the printer again.

>>54174363
>Anyone who buys a house and intends to live there for 5+ years can’t lose whether they buy the top or bottom of a market.
This. I'm buying a house right now, and I don't plan to move until at the earliest 2030. Who the fuck knows what the market will be like in 2030? Who the fuck knows what the COUNTRY will be like in 2030? I've spent the past 3 years preparing for a global crash that just hasn't happened. I'm gonna just live my life, and whatever happens, well I'll deal with it then.

>>54175906
>but right now principal hasn't budged with like 6% rates
It won't budge because the demand is still sky-high. The only thing that will bring house prices down is a disastrous recession and people losing their homes and jobs, that will dramatically change the living quality of the country (bad), or building more homes (good). The latter isn't happening fast enough because this country literally stopped building after 2009 and our population has grown by 10% since. Add to that all the homes destroyed in our never-ending natural disasters, and the exploding house prices are a very simple result of not enough fucking supply. Big corpos buying up existing supply certainly hasn't helped, either.

>>54175516
Still better today than it was historically.
Zoom out if you haven't.

>>54179407
>t. loses everything in coming 2024 financial crisis

>>54179920
So I'll get to enjoy my house for a year and then lose everything in the next crisis, where I was gonna lose everything, anyways. Big whoop.

>>54173560
both wrong

>>54179562
historical interest rates are irrelevant
they didn't have nearly as much debt back then
today, 6-8% is fucking huge