[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 265 KB, 1284x730, 0E71FA8B-5664-442D-B12A-E1080E37F18A.jpg [View same] [iqdb] [saucenao] [google]
54243965 No.54243965 [Reply] [Original]

> The surge in sales reverses 12 months of losses in existing-home sales. The increase of 14.5% is the largest since July 2020, during the pandemic. Back then, sales rose by 22.4%.

>Single-family home sales in particular are at the highest ever since the NAR began tracking the number since 1999.

>Economists had expected existing-home sales to total 4.2 million in February.

Median sale prices dropped less than percent and we get double digit sale increases, so much for all those people I see on here hoping for a housing crash so they can buy.

>> No.54244002
File: 24 KB, 786x407, Capture.png [View same] [iqdb] [saucenao] [google]
54244002

>>54243965
it's barely risen. stop reading jewish headlines and look at the data, assuming you have a 3 digit IQ.

>> No.54244015

too many hoping for a crash with cash on the sidelines, which means that no crash is coming

>> No.54244024

people who think housing will crash are retarded... a lot of people locked in 1-2% mortgage rates so trading that for 6-8% would be suicide on a new home... the new home is going to be half the size of the home they currently own for the same amount of cash

>> No.54244069

>>54243965
It's always seasonal, people move in spring and summer when kids get out of school. I worked in post closing

>> No.54244469

>>54243965
Surging sales doesn't tell you much about market trends. Sales always surge in the spring and, as you pointed out, median sale prices still dropped.
Sales surged because people list in the spring. Sales can surge while simultaneously prices drop and inventory increases, especially when low inventory has been a recurrent issue.

>> No.54244473

>>54243965
From what my mortgage broker said, people are getting used to the higher rates and a lot of people still have money they want to keep out of cash, with the expectation of even more inflation coming.

In other words, 2 more weeks until the crash.

>> No.54244614

>>54244473
Rates have plateaued/dropped recently. There's still 5.5% 30-yr fixed rates available out there if you know where to look. Can even get into the high 4%s with a 15-yr. Those aren't horrible rates in the grand scheme of things if you compare to pre-2008 rates. They're still low enough to be affordable from a strictly cash flow perspective. People are locking in those rates while they still can.

>> No.54245400

rentoids deserve this

>> No.54245463
File: 12 KB, 300x300, 1582652119183.jpg [View same] [iqdb] [saucenao] [google]
54245463

mortgagecucks and boomer homeowners just can't stop winning

>> No.54245509

>>54243965
Who the fuck is taking out mortgages with not only some of the highest prices in history but also super high interest rates that are only getting higher

>> No.54245565

>>54245509
Pay your rent

>> No.54245569

>>54245509
People with money who dgaf. You don’t even know how poor you are.

>> No.54245594

>>54243965
why are RETIS aka real estate stocks down on this news AVB EQR

>> No.54245790

>>54245569
Nah, it's people that HAD money and now locked themselves into absolutely stupid positions on an overblown interest rate home out of panic. They're the statistic that ends up losing everything when a crash happens.

>> No.54245845

>>54245509

There are less mortgage buyers now and more cash buyers now than a year ago. To me this sudden pump in buying feels like we're eating through support.

These are the "buy deals with cash" guys who had their buy orders set to this point. Once we chew through that there is literally nothing to hold this market up, mortgage rates are still much higher than they were at the peak.

t. just sold my last property to hard money flippers

>> No.54245877

>>54243965
75 bepis

>> No.54245919

>>54244473
> what my mortgage broker said
> people are getting used to the higher rates
Used to? Wages are flat you thick sod. It's not a temperature, people either have money or not.

>> No.54245954
File: 609 KB, 921x920, 1676948630194513.png [View same] [iqdb] [saucenao] [google]
54245954

>>54243965

I hate to admit this, but it became clear a while ago that debt max retards were going to win. the fed was never going to beat inflation. Any pain was going to be solved by money printing. I really regret not getting a leveraged asset like a house.

Not taking an economic disaster loan for like 200k is probably the biggest regret of my life. I could have used that money to buy a warehouse. Which, would have been a misuse of funds, but damn near 100% of people mis-used this money. I still had a glimmer of respect for the country that prevented me from taking advantage of the situation. My business was doing really good during COVID. Now I can't expand without taking a loan. Guess how hard it is to get a fucking loan these days?

I have nothing but contempt for our tyrannical jewified country. When they start WWIII I will refuse to fight.

>> No.54245970

>>54245919
His average customer aren't people who need wage increases. But not quite fuck you money rich either. People with low 7 figure networth.

>> No.54245987

>>54243965
Dead cat bounce. Keeping that bubble for just a little longer.

>> No.54246195

>>54245987
Cope harder rentoid

>> No.54246239

>>54246195
everything is fine. inflation doesn't exist.

>> No.54246308

>>54244614
>making shit up on a Vietnamese weaving forum

There is no 4% or 5%. It’s a straight lie.

>> No.54246351
File: 159 KB, 347x298, 1671619588724904.png [View same] [iqdb] [saucenao] [google]
54246351

>>54245954
Imagine not taking the same side of the dollar debt trade as the Whore of Babylon.

>> No.54246363

>>54243965
Zoomer sissies, how do we cope over this? I wanted a house.

>> No.54246373

>>54243965
prices drop for 12 months, buyers dip there toes in again paying high rates for a new mortgage. Here we are in March, home sales are back down again. Why? Inflation and high rates. Government will inject another trillion dollars into the economy hopefully spurring more loans, but it won't. People are hoarding right now. April will continue March's trend and sales will continue to drop. There is no solution. Printing fake money that is weakening by the day is not a solution. The entire economy is being propped up by money printing, which is causing more and more inflation.

>> No.54246386

>>54246195
You're just angry because you know you are stuck in your 60 year old crumbling shack hopping to pay it off some day. Two more door dash deliveries and you can cover this month mortgage lol.

>> No.54246417
File: 5 KB, 225x225, 1663214588557242.jpg [View same] [iqdb] [saucenao] [google]
54246417

>>54246351
>Imagine not taking the same side of the dollar debt trade as the Whore of Babylon.

yeah, I already told you I fucked up. However, pay attention when tyrannical imprisonment occurs of dissidents who mis-used economic disaster loans. It's coming.

I regret not loading up on easy debt. I wasn't at my best during 2021 and 2022, and i'm still not. Facts are not the basis for our reality. it is not something that can have perpetual motion.

>> No.54246432

>>54246373
The dollar's relative strength continues to drop while more countries trade in BRICS denominations. Rally the troops! All US allies, buy dollars now! Oh, you don't want them? I guess those treasury yields will continue to rise. How long can the gov keep this charade up?

>> No.54246483

There are three classes buying homes right now: the institutions/government, the ultra rich, and the upwardly mobile, cash strapped, normies who get their information from mainstream media.

>> No.54246537

>>54246417
Sorry anon, not trying to pile on. You're right about the business loan part, I'd have been cautious about that as well.

>> No.54246543

>>54246386
more likely he's upside down because he bought at the top of the bubble like a retard

>> No.54246601
File: 78 KB, 850x460, 1.jpg [View same] [iqdb] [saucenao] [google]
54246601

>>54243965
For one there is so many parties out there with cash in hand waiting for prices to decline (ready to buy at any moment). 2008 is so fresh in everyone's head that they are ready to buy any dip.

Another hypothesis I have is, this is the result of mass immigration in the US. Lots of foreigners come here well educated and have good jobs ready to buy (Simply need a place to live). This is making it harder for domestic born millennials to attain such assets since foreigners are pushing the market at such an accelerated pace versus the slow pace it should be via millennial generation takes 15-20 years to buy after their own parents buy a home

>> No.54246720

>>54245954
bro if you're young enough to fight in WWIII then you have plenty of time to build a successful company. stop your magawhining

>> No.54246824
File: 1.94 MB, 500x500, 1677893821822884.gif [View same] [iqdb] [saucenao] [google]
54246824

>>54246543
>more likely he's upside down because he bought at the top of the bubble like a retard

let's be real here. You really think the government is going to let people default on their home loans? in 2022 they printed up like 40 billion dollars to pay peoples mortgages.

I am having a hard time seeing the downside of joining the party, loading up on debt, and defaulting and telling banks to fuck off when the crash comes.

we are entering the end game. the vaccines are killing and disabling hundreds of thousands of young people. Did you know there are record amounts of people going on disability? Why do you think the U.S. is letting millions of people pour over the border? An historic event that barely gets news coverage. Even beyond the conspiracies/fringe, are you paying attention?

(((global leaders))) are marching hundreds of thousands of men into a meat grinder in Ukraine. They are literally bragging about "fighting" to the last man. They are creating a faction of axis powers. The same powers that control nearly all the global resources. Then you have the fed talking about how to insure 19 trillion of U.S. deposits.

If you can't see what is right in front of you, and in plain site, your ass ins't going to be prepared for the horror show that is coming.

>> No.54246865

>>54246824
You literally think the streets are piled with dead people from the vaccine, your post is now debunked.

>> No.54246872

>>54246824
>seeing the downside of joining the party, loading up on debt, and defaulting and telling banks to fuck off
that might work for a FHA loan, but us folk with jumbo loans won't be so lucky

>> No.54246939
File: 1.93 MB, 400x280, 1679152910314221.gif [View same] [iqdb] [saucenao] [google]
54246939

>>54246865
>You literally think the streets are piled with dead people from the vaccine, your post is now debunked.

go listen to edward dowd and analyze the excess death numbers faggot. Dowd is working with several insurance industry working stiffs. the numbers don't lie. there are hundreds of thousands of excess death and injury. why do you think there is such a labor shortage?

unfortunately, we live in a world where people not only have no critical thinking, but have to perceive things outside the narrative. even if it is hitting them right in the fucking face.

go get boosted faggot.

>> No.54246941

>>54243965
>marketwatch
mmm yummy Dow Jones & Friends propaganda

>> No.54246966

>>54246939
You're off your rocker, you've lost your marbles and cars are like ants to you.

>> No.54246986
File: 3.89 MB, 200x200, 1663907953576841.gif [View same] [iqdb] [saucenao] [google]
54246986

>>54246966

cope you boosted faggot. don't bother replying unless you have an argument to present.

>> No.54247116

>>54246824
>let's be real here. You really think the government is going to let people default on their home loans? in 2022 they printed up like 40 billion dollars to pay peoples mortgages.
absolutely. it's all about timing. don't forget the ultimate goal: you vill own nothing and be happy. The most recent housing market bubble was due to government purchase millions of homes via institutions like blackrock. when the economy finally collapses, and homes are repo'd, the government will rent homes to the population and fund their accounts with CBDC.

>> No.54247137

>>54246865
no refunds vaxfag

>> No.54247160

>>54246986
he has no argument, only cope

>> No.54247347

>>54247116
>don't forget the ultimate goal:
>you vill eat the bugs

yes, and they are winning. They are raping and pillaging right now and not too many people seem to give a fuck.

>> No.54247369

>>54246824
>happooner incel waiting for societal collapse because he's too much of a chud to assimilate with his fellow man
Two more weeks chudbros! Trust the voices in your head!

>> No.54247389

>>54244015
>>54244024
coping hoomers

>> No.54247636

>>54246939
>why do you think there is such a labor shortage?
Not him, but there really actually isn't. There's a surplus of available bodies, but the companies are just simply not hiring those bodies, and at the same time those bodies aren't feeling it's worth it to actually work what (real) jobs there actually are because the pay is too little. It's a two pronged problem

>1. Companies aren't hiring and all those job postings are ghost postings (there was a thread about this a couple days ago)
>2. For what jobs the companies actually are hiring for, they're paying bullshit, and so the workers say no thanks
Put the two together and wahla - "labor shortage".

The whole vax death thing might be happening, but if it is, it would be an insignificant number compared to the real aforementioned reasons above.

>> No.54247773
File: 12 KB, 480x308, 1679310414120185.jpg [View same] [iqdb] [saucenao] [google]
54247773

>>54245400
Based also checked

>> No.54247963

>>54246986
>>54247137
>>54247160
I have no arguments because I'm already dead in the street :)

>> No.54247993

>>54247636
>but there really actually isn't.

there 100% was. Biden let millions of 3rd worlders pour through the border. now the economy is starting to trend downward.

>> No.54248169

>>54246432
>while more countries trade in BRICS denominations
Surely the entire world is in a frenzy to transact in the famously strong and stable Brazilian favellio, South African gorillio or try the Russian rouble locked behind capital controls or the Indian rupee which countries would buy because they buy what exactly from India? Curry maybe?
Yes, more people use the Chinese yuan, because unlike the other 4 meme economies the Chinese one is relevant.

>> No.54248661

>>54245509
People that want a house to live in and not invest in. It matters less what your current buy in price is if you plan on living in the house for the next 20 years.

>> No.54248715

>>54246720
>just build a company bro

>> No.54248978

>>54245509
Know two people who did.
Reason: Same old, wife/girlfriend who they cant say no to. Indentured slavery for 30 years it is then. God men are simps.

>> No.54249030

>>54247389
>has their own roof
>you living at your parents house
who's the one coping here?

>> No.54249079

>>54243965

This is bearish for the stock market.

>> No.54249236
File: 481 KB, 1284x716, cash.png [View same] [iqdb] [saucenao] [google]
54249236

>>54245509
They're paying cash dumbass.

>> No.54249280

>>54249030
>>has their own roof

rents from the bank and government + tip

>> No.54250042

>>54244002
>assuming you have a 3 digit IQ.
Buddy you're on an anime jackoff site. Should set lower expectations >>54244015

>> No.54250190

>>54244015
>>54244024
>>54245954
>>54246195
>>54250042
>>54248661
Retards

>> No.54250268

>>54244473
Another retard.

>> No.54252756

>>54245594
Real estate bottoms after stocks

>> No.54253361

>>54250268
>>54250190
Mad coping rentoid

>> No.54253681
File: 14 KB, 112x112, 1655430984523.png [View same] [iqdb] [saucenao] [google]
54253681

okay but who the fuck is buying? its got to be institutions right?

>> No.54253708

>>54243965
>canceled
lol
lmao

>> No.54253821
File: 33 KB, 400x400, ToastingPepe.jpg [View same] [iqdb] [saucenao] [google]
54253821

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

>> No.54254055

Laffin
>>54253681
I noticed a lot of 30yos FOMOing into a house because
>theyre at that age
>the rates dropped! Get them while they're low!
>anon my brother works in finance and says the fed will pivot
Etc. Etc.

>> No.54254330

>>54249236
What is happening with Suffolk?

>> No.54254376

>>54248978
It really do be like that. Women are so bad with personal finance it's unreal

>> No.54255482

>>54254055
I'm 35 and feel that FOMO a bit. I know everyone keeps saying that it's a seller's market and things will probably return to sanity in about 5 years, but god dammit I don't want to wait until I'm in my 40s before I can get a house.

>> No.54255771

>>54246601
>Lots of foreigners come here well educated and have good jobs ready to buy (Simply need a place to live). This is making it harder for domestic born millennials to attain such assets since foreigners are pushing the market at such an accelerated pace versus the slow pace it should be via millennial generation takes 15-20 years to buy after their own parents buy a home

This is what's been happening in Canada. they live 4 families in a house.

>> No.54257275

>>54255482
Your patience will be greatly rewarded. Those 5 years will build you decades of wealth compared to those who have capitulated.

>> No.54257333

>>54257275
Not if inflation keeps running wild.

>> No.54257375

>>54257333
Checked but I have faith that the Fed will continue to nuke the economy and make everybody jobless to save our savings i.e. keep doing exactly what it says every meeting
>inb4 The 10 Yr Bull Pivoter
>I'M GONNA PIVOOOOOOOOOOOOOT

>> No.54257437
File: 17 KB, 718x489, mortgage.png [View same] [iqdb] [saucenao] [google]
54257437

>median home payment is greater than my take home pay
>I make 60k

I wonder why people aren't buying

>> No.54257519

>>54244024
This but I believe 80% of people with a mortgage are under 4%

>> No.54257539

>>54243965
I bought a house in November. I'm happy because I'm no longer paying rent.
Sure, some of my money goes towards interest, but most of it is just me paying myself.

>> No.54257592

>>54244024
This is me
2.75% back in late 2021
$1.4m house in Florida
43 yo

Will never sell

If my business expands I would buy a second home or a condo

If my biz REALLY took off I would get another house and we would use this place for family get togethers.

Whoever wanted to chill here could hang out, brother and his family have a week off etc

It would be like a rotating second home for the family.

If my biz stays the same I’ll stay here with my low ass rate for 30 years. This thing is never selling in my lifetime until I am MUCH older

Many such cases

>> No.54257671
File: 59 KB, 1318x466, fredgraph.png [View same] [iqdb] [saucenao] [google]
54257671

>>54243965
saw this on twitter earlier. The housing market is propped up by lower supply of housing relative to the population than at any previously recorded time in American history

https://fred.stlouisfed.org/graph/fredgraph.png?g=11AT0

>> No.54257717

>>54257671

I wonder when the house poor paycheck to paycheck types start getting eaten up by inflation and start defaulting.

>> No.54257839
File: 154 KB, 978x778, FpvVkHiWAAY7gBR.jpg [View same] [iqdb] [saucenao] [google]
54257839

>>54244024
You make the mistake of assuming the first round of selling will be people using property as their primary residence. That won't be the case. The first round of selling will be landlords, speculators, and institutional reits quietly leaving the market. People who actually live in their houses won't even think of selling until the values of their homes have already been tanked, typical bag-holding normie behavior.

>> No.54257895

>>54257717
>I wonder when the house poor paycheck to paycheck types start getting eaten up by inflation and start defaulting.

yeah, but where will they go? That's the thing that makes me think the debt-max people are right. There's less housing than ever before, and we have higher immigration than any time recently, especially illegal immigration. There's constant demand due to the artificially low supply.

It almost seems like what's going on with houses now is like what happened with student loans but on a bigger scale. If things don't slow down the next step will be the normalization of the 40 or 45 year mortgage instead of traditional 30yr loan. Some banks and credit unions are already offering this. Most likely I think that's what would happen. People would default, then agree to a lower payment but for an extra 10-20+ years. Where are they gonna go? How are they gonna get rid of the house and move somewhere cheaper and pay less total than staying in the house at the worse refinance rate but still affordable monthly payment?

Maybe investors will buy up even more houses and most houses will become rentals but I don't know how realistic that is. Many neighorhoods still demand single-senpai ownership and don't permit rental units. Plus eventually boomers will start dying and AI/automation will reduce the need for jobs, and current demographic trends in general will likely lead to population reduction, so it's not necessarily even a long term winning strategy

>> No.54257927

>>54257895
you bought the top, copin hoomer

>> No.54257934

>>54255482
>>54257275
Its all area dependent. There might be large ups and downs of the 'market' but its all matrix bullshit. Price will go up until the collapse. I did the thing year and half a go.When the scare was real... I got foreclosure though for 50 that is easily worth 150 if it were fixed. If I hit a market fever and get the right buyer. Easily 250k. High end Lake side property around here has doubled period. (used to be 200-250 for a decent 4bed 2 bath on water). Used to be a million for the high end richie richie house. 5mill now.

Location
Location
Location
Ask East Palestine how their market is.. LOL sorry, too soon. Or how bout O-Block on ChiRaq. They demoing that ghetto to build million dollar white people housing.

>> No.54257941

>>54244015
Don't underestimate the retardation of boomers selling everything and moving into a tiny shitbox so they can have a few extra bucks in retirement instead of helping their family.

>> No.54257960

>>54257671
Yes

And inflation makes construction expensive so the supply isn’t changing much

Blue states are messing with zoning. Expect to see 4 unit buildings in residential areas. Red states aren’t doing this.

>> No.54258000

>>54257717
Not anytime soon

You can always get a roommate or something to help. Drive Uber or Instacart etc

Peoppe can also cut a lot of shit

- don’t eat out
- no Hulu
- no drinking

That could be like $800 a month or something. Probably can afford the morg now

Peoppe also don’t go

> yeah I’m house poor but I want a cheap apartment so I can spend my extra money on drinking

TLDR the house poor always suck it up until the economy turns

>> No.54258190

>>54246824
Holy fuck you are compromised, I guarantee you look like that fat /pol/ faggot that got v& last week.

>> No.54258255

>>54258190

Please go back to your discord you guys really stick out.

>> No.54258278

>>54258255
Says the /pol/faggot shitting up every other board with schizo nonsense.

>> No.54258283
File: 61 KB, 1756x794, chart.png [View same] [iqdb] [saucenao] [google]
54258283

What's with the endless cope with people thinking the market is roaring back with just two more weeks and a fed pivot? This is the largest bubble in human history that put the prices beyond the reach of like 90% of the population.

There's no possible way it goes up without Weimar hyperinflation. If housing booms at this point it means the US is a failed state.

>> No.54258305

>>54258278

Hey I tried but it looks like you'll be stuck in 2016 for the rest of your life.

>> No.54258662

>>54243965
People are selling because they can't afford to eat

>> No.54260718

Rentoids stay renting forever haha

>> No.54260737

Is this legit hyperinflation? People would seem to be piling back into real estate and stocks simply because they want to own something that won’t depreciate on them.

>> No.54260775

>>54245569
This unironically

>> No.54260795

>>54257839
Source ?

>> No.54260809
File: 30 KB, 250x250, 1576101556236.jpg [View same] [iqdb] [saucenao] [google]
54260809

I have 4 homes up for sale right now.
Should I be taking them off the market?
There's still a ton of interest despite astronomically high prices and if they sell I'd basically be set for life.

>> No.54260968

>>54260809
Yes prices are going only up, massive immigration and inventory shortages will keep pushing up prices, we aren’t even near Canadian levels of housing prices yet.

>> No.54260991

>>54260968
I'm in Europe though.
Should I be investing in US real estate then?
Got quite a lot riding in US stocks atm.

>> No.54261051

>>54260991
Europe is getting the same immigration but housing is worse because of space and regulation constraints are worse, so I would expect prices to continue rising there as well

>> No.54261085

>>54244015
Most people hoping for a crash are spoiled millenials that don't save because they spend all of their money at chipotle and starbucks. meanwhile I'm ACTUALLY saving, and have like 140k ready to go. Fuck this spoiled ass generation.

>> No.54261090

Don’t worry bros, just wait until they convert all of the office spaces into housing for climate refugees. It’s coming.

>> No.54261125
File: 137 KB, 384x453, 08548745185785.png [View same] [iqdb] [saucenao] [google]
54261125

>>54261051
True enough. I'm just being greedy.
This place is just high-density protein for my inner jew and it's killing me.

>> No.54261167

>>54244015
18 year cycles.

>> No.54261182

JUST HURRY UP AND RAISE INTEREST RATES TO 12%. THEN NORMIES WON'T BE ABLE TO AFFORD AND I'LL JUST BUY UPFRONT WITH CASH.

>> No.54261236

>>54261085
> unironic heckin millenials should stop buying avacado toast and starbucks post
You sound like a faggot. Are you not also waiting for the crash if you're holding 140k instead of just buying right now, tard?

>> No.54261238
File: 1.08 MB, 1080x1656, 1678651067242444.png [View same] [iqdb] [saucenao] [google]
54261238

>>54243965
>t. desperate realtoooor

>> No.54261282

>>54261236
There's nothing wrong with waiting for a crash, I'm just saying literally EVERY person I know personally says they want prices to crash, but they aren't even saving for that opportunity. They literally pay 250 dollars a month in unlimited cell phone data, and spotify and netflix and icloud subscription for their pictures, and hbomax and amazon prime all on their iphones which they buy a new one every fucking year

>> No.54261285

>>54247116
Yeah. That's been the modus operandi of the Fed since their inception. Get the plebians overleveraged with years of suppressed interest rates, then jack up rates and bankrupt them.

>> No.54261306

>>54261085
Keep holding. You'll be able to time the market better than everyone else, because you're so smart.

>> No.54261322

>>54245845
>Hard money flippers
Did they drive a 2022 Ram 1500 or 2022 Ford F150? I guess they missed the part about the buyers will need a mortgage. I love seeing this type get rekt.

>> No.54261359
File: 164 KB, 720x1560, Screenshot_20230322-063002.png [View same] [iqdb] [saucenao] [google]
54261359

>>54245954
Sounds like you were Dave Ramsey fan. I wonder how many people missed out on the opportunity of a lifetime with 1%interest by listening to rhis idiot screeching debt is bad while he built his rental empire off of loans mommy and daddy got him.

Pic related because 4chan wont let me post it as text

>> No.54261450

>>54245954
look closely, this is the very essence of a seething chud

>> No.54261483

>>54261359
>Dave Ramsey
This faggot went bankrupt because he was an overleveraged on real estate. His parents got him sweetheart loans, and he built a fortune in the last 14 years of Fed easy money. He now tells broke Millennials to pull up they bootstraps and save money by stealing toilet paper out of the Walmart bathroom.

>> No.54261547

>>54246308
To be fair, I locked at 5.5 a few days ago on a 15 year. If you're willing to pay discount points you can have a rate in the 4's, so it's not that outlandish for him to say that.

>> No.54261582

>>54243965
>>54246483
how is this not obvious? no one else has money, and interest rates are too high for anyone else to buy

>> No.54261654
File: 1.86 MB, 348x498, 1651671342498.gif [View same] [iqdb] [saucenao] [google]
54261654

>>54261359
>Sounds like you were Dave Ramsey fan. I wonder how many people missed out on the opportunity of a lifetime with 1%interest

no. I think Dave Ramsey is a fucking asswipe. I tried to buy a warehouse in the fall of 2021. I was unable to close the deal.

I have been planning to move since 2021. I live in central indiana and it kind of sucks. I could have bought a house in 2021 for like 100k for a nice house. now these pieces of shit are like double the price. But I just want to leave.

>> No.54261673

>>54261306

Lmao what do you mean "time the market?" The median house payment is greater than 100% of my income and I make above the median salary. How do I time something I can't even get a loan for?

>> No.54261853

>>54261673
Houses are prices for dual income, if you are single you are stuck renting

>> No.54261986

>>54254330
city folk who realized the city fucking sucks to live in and can work remote fully or 90%.

>> No.54262202

>>54261673
You have to sacrifice. Go live in a. Iggdr infested neighborhood. Always wear a hood and if you can conceal carry do it. Get a diamond in the rough and fix it up as much as the higher priced houses in the nigger infested neighborhood sell for.after a year of fixing it up, sell it. Next house can be a little further out, but you will be stuck living near noggers for at least 5 years.

>> No.54262672

>>54257671
https://www.federalreserve.gov/econres/notes/feds-notes/housing-market-tightness-during-covid-19-increased-demand-or-reduced-supply-20210708.html


https://www.federalreserve.gov/econres/feds/volatility-in-home-sales-and-prices-supply-or-demand.htm

Tl;dr it's also demand side influenced by rates. Inventory has a marginal impact.

>> No.54262756

>>54261853
>prices for dual income
>Meanwhile the relationship index is crashing

>> No.54263783

>>54255482
>everyone keeps saying that it's a seller's market

No one is saying this. It's been a buyers market for over a year now.

>> No.54263838
File: 893 KB, 1024x791, Income-1024x791.png [View same] [iqdb] [saucenao] [google]
54263838

>>54257437
>makes 60k
>looking at a homes that are 550k

Move, dumbass.

>> No.54263880

>>54243965
Dead cat bounce

>> No.54263910
File: 144 KB, 1080x741, household type.png [View same] [iqdb] [saucenao] [google]
54263910

>>54262756
Incel cope.

>> No.54263938

>>54244024
>boomers that bought in 1980 for $30 and a pack of gum won't sell now because then I'd be underwater!
Cope.

>> No.54264022

>>54263910
Those are married boomers you dumb fuck nigger cuck kike loving ass bitch made motherfucker

>> No.54264245

>>54257539
>most of it is just me paying myself.
Kek. About 80% in the first 10 years will be interest at nov rates

>> No.54264336

>>54257895
Learn the difference between total supply and circulating supply, you should know this from the crypto pits. Second, longer term mortgages don't move the needle, the difference between a 30yr and a hypothetical 40yr mortgage is fuck all, less than 5%, "muh 40 year mortgage" is easily the dullest boomerbox cope

>> No.54265663

>>54263838
2017 numbers are meaningless at this point. Shitbox homes needing major renovations are going for $500k now even in flyover country, and it's impossible for most to maintain a decent income where housing is relatively affordable.

>> No.54265731
File: 98 KB, 736x413, Haeundae.jpg [View same] [iqdb] [saucenao] [google]
54265731

>>54246601
>Another hypothesis I have is, this is the result of mass immigration in the US. Lots of foreigners come here well educated and have good jobs ready to buy

There is a lot of truth to this. I spent several years living in a developing country, and I can tell you that the foreigners coming here are so accustomed to living on top of each other in miserable conditions that they will pay almost anything to escape that kind of life. Millions are coming to Western countries each year, too. Housing isn't going to come down dramatically anytime soon, although a few markets will see some small corrections (Boise, Austin, Phoenix, and SF).

>> No.54265853

>>54261085
Yeah, blame the victims of broken system, cuck
>MUH AVOCADO TOAST
>MUH LATTES
You're just a young boomer, don't relate yourself to my generation
CUNT

>> No.54265856

>>54265663
Truth. All of the grandma houses with sub 2000sqft start at, at least, $350k-400k and have a listing line like "BRING YOUR PAINTBRUSH AND BE READY TO BUILD EQUITY!". No one can afford to put down what they'd need with the current interest rates to make the mortgage affordable, even with two incomes and contractors are looking for big jobs in the recession, quotes are fucking bonkers right now.

>> No.54266005

>>54261282
Homie, scraping together $500 a month is not ever going to be enough to save for a mortgage if you're starting at 0. You'd have to live at home on mommy and daddy's dime and be clearing well at your job to even make a dent in the kind of down payment you need to make an attractive bid. I can't blame my peers for door dashing away their misery when the kind of discipline life now requires to attain the most basic, shitty level of house means basically abandoning youth in the hope of buying someone's unmaintained garbage.

Even if they can afford the mortgage, what are you going to do? Finance their life away in repairs and contractors to fix everything? Every house for cheap is in foreclosure or auction.

So yeah, I'd also just give up and have a $10 toast and coffee twice a week and finance a stupid fucking phone if it makes me happy.
>oh your car broke?
>Oh you need a new one?
>Minimum $350 payment for the next 7 years

>> No.54266134

>>54265663
>Shitbox homes needing major renovations are going for $500k now even in flyover country
once the new swath of dumbass realtors is wiped out, this will become less common.

>> No.54266162

>>54266134
How so?

>> No.54266201

>>54257895
>yeah, but where will they go?
if you're talking about the FTHB HGTV idiots, after they get wiped out by "unexpected" repairs and needed renovations (they weren't unexpected, they just waived inspections) they will go to one of the new shitbox 5-over-1 apartment buildings. they will feel less sad about it because there is a dog park where you can drink at and a cornhole game area where you can also drink at. maybe a gym.

>> No.54266254

>>54266162
these dumbass new realtors don't put any real work into homes to constitute the massive price hikes. they just paint them white and put up Futura font house numbers. once it becomes clear people aren't paying extra money for no work or value added, the realtors will have to lower the price or walk away. the allure of 3% commission will fade once they realize they will actually have invest in real work being done on homes.