/biz/ - Business & Finance

>>54429937

The "crash" is already over. Prices will continue to rise.

>>54429979
Cope. It’s coming.

inflation isnt finished no matter what the politicians tell you

>>54429937
biggest scam in history

>mortgage issuance down -39%
>ITS GOING UP FOREVER BECAUSE…. BECAUSE IT JUST IS OKAY?!

>>54429937
It will be another 10 or 15 years for boomers to start dying off in mass.

>>54429937
Basically I'm just not gonna sell my house
I know.... UGH I know ..... I'm sorry!!!!!!!!!!!!!!!!!!!!
It's just that I'm not gonna sell it is all

>>54430184
jej, things with actual value are the only things standing in this fiat nightmare

>>54429937
Every party I go to, every late 20s/ early 30s person I know is sitting in cash right now, smiling wide and talking about how they are going to finally buy a house once the imminent crash happens.
Yeah, its not going to happen at this rate. Or its just going to be underwhelming

>>54429937
two more weeks, now keep paying my mortgage rentoid

RE market crashes happen in slow motion, over the course of 4-6 years. A lot of regional markets have started correcting, but dont expect it to be sudden; it never is. If you can wait 2-4 years from now, you'll do well. Better than buying at the top of the market and being underwater for 10-15 years. A lot of people who bought in 2006 just broke even in the last few years. Oh, and NEVER get an ARM. Always go fixed. If youre buying now and rates plunge in the future due to bad economy, you can refi and save a lot in the long run.

>t REfag

>>54429937
We’re crashing any day now…

>>54431171
Aren’t we guys??

>>54431174
You can always offer them $350k. People should really start sending offers ignoring the speculative prices. The worst that happens is they reject or ignore your offer.

Not until real pain hits and those sitting on <1% mortgages have to sell to pay their bills. They will not find any buyers.

dont be delusional frens.

>>54432091
Yep. Still like a distant storm on the horizon.

>>54432061
mortgages in the us are fixed
why would somebody with a 1% feel hurt

There =is no crash, hyperinflation will cause prices to increase exponentially as the value of the currency decreases. I would get rid of cash and buy stocks and crypto and ride the wave out

>>54429937
boomers will never let it crash you retard. sorry, but if you didn't take advantage of the low interest rates a couple years ago and get a mortgage, you're basically priced out forever.

>>54431152
If it isn't sudden, will it be dramatic? What's the industry scuttlebutt on how big the correction could be?

>>54432091
Explain this to me like I'm 2.

>>54430407
>ITS GOING UP FOREVER BECAUSE…. BECAUSE IT JUST IS OKAY?!
It's going up forever because the US Dollar (ticker: USD) is becoming toilet paper

If a house cost 400k to build why would it be worth less

>>54433274
housing market is unsustainable. the obvious ceiling has been hit. think about it. people that paid for houses that typically would be worth $300k, some sort of 1100-1500 sq footer, 2 or 3bd and 2ba, this has been flipped and resold at an large markup or 100% or more. i would seriously doubt that house is going to be sold again for close to a million dollars, regardless of inflation, in the next 5-7 years.
there's two options: every shitbox that isnt an apparent heap of rubble is now worth at least $500k forever and that is the baseline for the future, or prices come down. could be either possibility to be honest.

>>54433274
Goo goo gaga

>>54433387
>could be either possibility to be honest.
All else held constant, sure. I think external measures are not impossible. I find even the idea of subsidizing builders attractive personally.

>>54433387
You really need to look at housing prices outside the us. Spoiler: it’s gonna get a lot worse

>>54433405
i think every sector is going to have an artificial price hike across the board for the foreseeable future. that mindset has permeated every transaction. a major shift or event would need to happen to break this.
>>54433422
i have heard. where should i be looking?

>>54431133
it's more likely how they're sitting in cash because they literally cannot afford houses at these prices and interest rates

>>54429937
never. now cope. pic is your future

>>54431152
>If youre buying now and rates plunge in the future due to bad economy, you can refi and save a lot in the long run.
if you buy now and you end up under water on the house, you have to put up the price drop in cash to refi. you can't just magically refi when the collateral value drops below the loan amount

>>54431232
>People should really start sending offers ignoring the speculative prices
How retarded are you to think this doesn’t happen literally every single day on every single house listing? Damn sometimes I forget biz is filled with dipshit 13 year olds who have less than 0 life experience

>>54429937
In my state, houses that are in such a state of disrepair that they need to be demolished and rebuilt are going for $100k-$300k.
I'm not sure who is paying that kind of money for a trash heap, but good luck with that.

>>54433470
What state?

>>54433367
>If a house cost 400k to build why would it be worth less
that's like asking if a car cost $15k to build why would it be worth less

>>54433475
Washington

>>54429979
Boomers will age out in the next 5-15 years. Prices in most markets will decline, it's inevitable.

>>54433494
So I just need to live with my parents for 15 years?

>>54433494
>Boomers
they STILL are the generation with the share of the most home purchases. will be for the last time. however i don't think millennials will be any less selfish, as buyer or seller, as they take over the housing market in time.

>>54433490
In cities with 1 million populations?
Worth it

>>54429937
oooohhhhhh I just checked my house. Housechads keep winning while rentcucks stay seething. Not my problemlol

>>54431171
Lol the minnesota market is so retarded, houses on small town lakes are now $1mil for a shit box from 1980 with 50 ft of lake shore in a 5k population town, the metro is even more retarded like you can see in your pic rel, I have no idea who these sellers are thinking someone is going to pay them $500k for that piece of shit to live in liberal as fuck murderapolis with all the crime especially after the rate hikes. Like who would pay $3500 a month for that piece of shit lmao. This shit needs to crash these boomers are delusional

>>54433532
There are no cities in Washington that big. But regardless, it's not just cities that are that expensive, it's pretty much everywhere.

>>54433422
The US does not have the same space constraints as most other countries do outside of coastal cities and even those are way more spread out. The real issue is building rates being so low since 2008, if congress ever gets off their ass and gets builders to build more supply this shit will crash in price easily. Doubt they will ever do that as it’s pretty obvious at this point boomers that own the builders are just keeping supply low on purpose to inflate their bags

>>54433598
None of this is relevant because people are still constrained to the city. No one is gonna live in bumfuck when all the jobs are in slutsville california or w/e

>>54433598
>space constraints
Yes we do because no one wants to live in Idaho

>>54433613
>people are still constrained to the city
true. while in the 90s and 2000s there was white flight from of cities, primarily making the suburbs the most desirable and inflated housing markets into the bubble/crash in the late 00s, everyone is now hurrying to move back into the cities, even the boomers that abandoned it in the first place. it's hard to feel that the real estate market(s) is still very "regional," everything is more interlinked and every city contains the same development trends, aesthetically and otherwise.

>>54429979

1 post bot thread. Its coming bot. The great reset is here. Get ready for the next crash.

>>54433437

Every sector is gonna get hit hurt anon I agree.

>>54429937
don't know
don't care
got mine
fuck off

>>54429937
why would the housing market crash?

>>54431232
Theres a billboard near me offering people who cant make mortgage payments 'mortgage releif'. If you cant pay the banks the govt. will pay them for you so you dont have to sell.

Do you understand? In a free market the thing wouldve crashed already, but the FED is printing money to keep it afloat. It arguably illegal for housing prices to go down

>>54432061
Theres a billboard near me offering people who cant make mortgage payments 'mortgage releif'. If you cant pay the banks the govt. will pay them for you so you dont have to sell.

Do you understand? In a free market the thing wouldve crashed already, but the FED is printing money to keep it afloat. It arguably illegal for housing prices to go down

>>54433690
That's because income streams outside cities are tough unless you're an engineer or farmer. Remote jobs are fine but they're dying out after 2022

>>54434170
It's going to converge eventually into one central collapse. They'll conjure up a fake "cyber pandemic" and blame it on that. Money will literally disappear from millions of bank accounts. The fed will dump trillions of dollars into large banks to keep them afloat. Congress will establish a central cryptocurrency as a result. The remaining banks will be commanded to roll over into this new fake currency, and people will use that, as the US dollar becomes exceedingly worthless. Regardless of whether you hold bags, you will have to use this currency. Any remaining paper money will be represented by this currency, and they will stop printing and phase it out, forcing everyone to use cryptocurrency to transact. At the same time, the climate agenda will be in full swing. Any dissent will be scrubbed. Standard homes will be phased out (condemned, taken by the government through eminent domain), and the rest will be bought up by BR and designated only for the wealthy elites. They will build superhighways and smart cities connected through them. These superhighways will squeeze out anyone who isn't a part of the system. You will be sectioned off and economically, socially, and agriculturally starved until you comply. Once they are confident that they have full control, everyone else will be arrested for being a "threat" to the climate. This is what they have planned. There will be no going back. Your homes and apartments will be replaced with 20 sq ft pods. Leaving your cities will be illegal. You will be fed modified mutation mush. You will have no guns. You will take every pill and jab they conjure up. You will quite literally be cattle for the elites. The great reset is real. This is what they have planned. Never forget that there isn't anything they won't take from you.

>>54429937
>why no house crash
>boomers still alive
I gave up trying since I know I'll never get to buy a house in the in the city I grew up, also fuck my parents for selling their house to fuck off to Florida.

>>54429937
never

1 house = 1 house

>>54433274
We've already experienced a worse crash than 2008. Buy any property you can.

>>54430407
Decrease in supply is greater than decrease in demand. No one is selling when they're locked in at a 3% mortgage.

>>54431133
>early 30s
>doesn't own

Your friends are losers.

>>54433582
>well acktually the city limits of Seattle are under 1 million so I'm right

You deserve to be poor.

>>54431152
Oh, and NEVER get an ARM. Always go fixed. If youre buying now and rates plunge in the future due to bad economy, you can refi and save a lot in the long run.

You’re an idiot. You get an arm when you expect rates to decline or stay stable. You can always refi out if the arm too. The arm will have a lower interest rate, lower down payment, and many allow you to escape mortgage insurance.

>>54435616
People that hold cash are always hated on by poor faggots. Cope baby brain. Doesn't take a PhD to understand that banks will slow lending down significantly. When this accelerates, your shitty inherited boomer pad will be pennies and you'll be pressured to sell. These same kids will laugh in your face while they take the property off your hands for a huge discount.

You loser low iq faggots are a huge indicator RE is about to be a buyers market entirely

>>54435670
Super low IQ on display here

>>54435755
I’m a banker, you’re the idiot. The bank has a lower spread on the arm, you’re getting a better deal with the arm. Our cost of funds is higher with the fucking arm you dunning Kruger play time RE expert

Why doesn't blackrock or other companies just buy all the houses at 20% above asking price?

>>54435740
Not maxing out a mortgage at 2.5% when treasury bills are 5% shows how low your IQ is.

>>54435659
>getting this butt-blasted because I don't consider the population of 3 separate counties all "Seattle"

>>54433494
Banks will get all the boomer houses when they die. Reverse mortgages, medicaid clawbacks.