/biz/ - Business & Finance

Mass layoffs are approaching.
Have you not been listening to jpow? The rate hikes will continue until morale improves.

>>54957862
>is willing to
wtf are they supposed to do? Live on the streets to show those greedy landlords what's what? Most property is owned by institutions and other people who don't need the money. They rent it, or sell it, partly because they want to see bigger number on their accounts, but mostly because of the sense of superiority they get from keeping other as close to indentured servitude as modern law allows. Most of them would rather own empty properties, and they can very much afford to, than rent it or sell it for an affordable price.

>>54957862
>you vill own nothing
Is slowly taking shape in the form of life long mortgages and property taxes that are essentially the same as rent.
Expect more increases in inheritance taxes as well.

>>54957862

>own a house
>still paying mortgage

why do home fags still peddle this nonsense?

just typical boomer speak, then why did japan's real estate market crash for decades?
yes it will crash, all markets are cyclical, cope and seethe boomer nigger

>>54957862
Why the fuck do people get married if they don't plan on having kids?
>Muh tax benefits
Not even that great if you don't have kids, there are easier ways to cheat the IRS
>It's for le love
Marriage has nothing to do with love. It is a union of a man and a woman under God, the purpose of which is to raise the next generation

>>54957967
>under God
Which God?

>>54957932
Japanese people have a different attitude towards housing. They view buying a used home the same way we might view buying a used mattress: disgusting.
If a Japanese person can't afford to build a new home, they would rather just live in a tiny old apartment that might not even have a private bathroom until they can afford to build.
You can't really compare and eastern and western real estate markets.

>>54957967
Getting married when she's 21 and he's 25 sounds like Mormons to me

women ruined everything once again this time by getting jobs and bidding up the cost of everything while simultaneously bidding down the price of labor

>>54957978
>Which God?
the one with the capital G, like you just typed out

>>54957989

>mormons
>no kids

cmon... he's probably in the closet

>>54957967
I can't imagine wanting to be in a relationship that lasted more than 2 years without kids. It would be so easy just to move on.

>>54957891
When tho? I'm tired of waiting to dab on the new poors.

>>54957967
You've never even kissed a woman

>>54958000
Gay

>>54958043
chud = chad studs

>>54958043
I kissed your mom right before plowing her face and covering her in baby batter

>>54957967
>Why the fuck do people get married if they don't plan on having kids?
It's literally just so women can post pics to their socials about it and make all their forever alone roastie friends seethe. If it weren't for the fact that it cost thousands and screwed over men it would be kinda based ngl.
>t. Married with kids.

>pest control

hey that's anti semitic

>>54957924
Ever heard of renting?

>>54957925
Wut?

Mortgages mean you're part of the elite, if you are given a mortgage then you are part of the globalist ruling class, banks only extend credit to the super rich.

>>54957995
They bid up the price of labor and bid down the price of everything

>>54957862
>121k household income
>middle class

>>54958991
That’s 2013-2016 data I believe

>>54959000
i miss when this board had intelligent posters

>>54959000
Ya updated data is showing 60th percentile in the 120k range

>>54959027
holy shit what? 70k a year is the average? like thats decent for a single person but two people on 35k each? yooo that's rouuughh. how is there even still a housing market with income that low

>>54959089
people that poor live in flyover areas where things are basically free, and yes they also dont buy anything because they are poor and stupid

>>54958991
>>54959027
That shows a 30% increase, 55k median to 70k median LMAO

>>54957862
Thanks just sold 100k

>>54957862
... with zero for kids, like lol why even bother with buying a house when everything ends with you

>>54959089
Lots of people make money off the books.

>>54957978
The one telling you to stop sucking cock because otherwise you're going to Hell

>>54957967
Because it was seen as the next step in adulthood.

No one actually understand the greater purpose of marriage and childbearing, demonstrating why we have high divorce rates and a birth rate signaling the inevitable collapse of 1st world countries..

>>54957862
Remember kids, if you’re still paying a mortgage, you don’t own your house. You’re still a rentoid, your landlord is just the banking jew.

>>54957862
I think another trillion to israeel and then another trillion to africa might fix this

>>54959485
If you are rich enough to qualfiy for a mortgage you are in the global aristocracy and you can basically call yourself an elite.

I'm very rich and the banks have told me i have a 0% chance of getting a down payment.

>>54958000
Lots of different gods get the capital G treatment, be specific

>>54957924
>Most property is owned by institutions
wrong
>and other people who don't need the money
wrong
>Most of them would rather own empty properties
wrong
>and they can very much afford to, than rent it or sell it for an affordable price.
wrong
people who think like you, and invest like you, are going to get fucking annihilated as we head back towards the long-term, inflation-adjusted average for house prices

>>54958991
Middle class isn't median income.

>>54957932
Because Japan's population is collapsing. Meanwhile, look at the Texas border. Land is finite, if there is a constant increase in population, price goes up. Like fucking magic, I know.

>>54959027
donkey

>>54957862
Good Luck,

Mike

>>54957989
> buying a used home the same way we might view buying a used mattress
Well this is exactly like it
Maybe if you strip the house to bare walls, and remodel it..maybe. But it will still be used up, covered in coom, piss and shit and roastie ass grease, boomer diapers and pus or whatever

>>54957862
>no taxes

Sounds legit

>>54957862
>already own a house
>mortage
Lol lmao, are they for real

>>54961320
Also
>700 in "fun" money
Huh

>29 years left on a 30 year mortgage
>We own the house!

Fuck normies who do this. I have a mortgage, I never say I own a house.

>>54960336
Based and I'm tired of pretending that pretty much anyone is middle class. You're not in the club mate. Middle class is 70-85% incomes. Upper class is 85-95%. And everything else is fo far ahead that it'd make a wagies brain blow up

>>54958727
>Mortgages mean you're part of the elite, if you are given a mortgage then you are part of the globalist ruling class, banks only extend credit to the super rich.
When did you pull that idea out of your ass?

>>54957978
Yaldabaoth

>>54957862
>Housing will NEVER collapse
true.
and with biden letting millions of illegal immigrants in detention camps into the country, housing WILL GO UP.

>>54957862
in the 2008 crisis prices dropped only 20%

>>54958109
chud = chuck sneed

>>54958991
Less than 50% of the population is employed, the rest is retired, students, gibs-connoisseur, children, NEETs and so on..
A household consisting of two working adults should be in the 80th percentile of households, otherwise they fucked up.

>>54961755
You're fucking retarded, if you live in America or Canada, 90% of people are RICH. Only the poorest 10% of Americans are middle class because that's how rich our society is.

>>54961730
You're dumb as fuck

>>54962127
You're fucking dumb. It's nearly impossible to get a job that pays more than 50k without political connections.

>>54957989
i'm getting married this year.
>26y. old both
>highschool love
>living together for 4 years(8 years in relationship).
>both lost virginity to each other.

What's wrong in getting married at 20'?

>>54962158
>90% of people are RICH
>everyone around me is well off, so everyone else has to be as well
nigga, if your main diet doesnt consist of ramen, and not by choice, you have no say about who is rich and who is not.

>>54957925
It'll get more extreme. Netherlands will see bail out and agricultural collapse as farmers are forced to shut down because of environmental concerns. They simply designated random area's as nature2000 spots where pollution needs to be reduced and pointed the finger at small-medium businesses agriculture.
Judicial and legally proof. They even got a counter party elected just after they judicially bulletproofed their plans. Now they can shout no, and pretend there's a fighting chance to stop what is coming.

>taking a 30 year mortgage at todays rates
enjoy overpaying 150% of your loan

>>54957989
Why are there so many Mormons/mormon shills on this board? It glows

>>54962246
I'm owning something and being happy. Enjoy owning nothing and not being happy if you choose not to loan. Or commuting 2 hours just to get to Chicago

>housing is going up 4ever into the sky

>>54962259
good for you buddy

>26m and 30f

i have read enough about this cuck

>>54959372
because they're stupid and the average hoom buyer is also stupid

>>54959550
>rich
>no down payment

you are poor

>>54961213

they haven't owned it for a year so they don't know the taxes, thus they don't account for it. Yes most home "owners" are THAT retarded.

>wtf.. people are willing to pay a lot to secure one of the base elements on the hiearchy of needs (shelter)??????


HOW COULD THIS HAVE HAPPENED

>>54961203
>Uuh...what is cleaning

>>54962419

You are correct, I need food. Therefore, I will gladly pay $50 for this slightly used box of ho-hos.

Stay poor rent fags!

>>54957927
Came here to say this. If you pay a mortgage, you’re basically in a “rent to own” contract with the bank kek

TO THE MOOOOOOON

>>54962446
If that's the last box of ho hos and someone's willing to pay more than you.. better start paying up

>>54962450
At least you haven't pissed your money away by being poor and financially irresponsible

Then you can have a home to pass down to your children, also once it's paid off you can save your whole paycheck

>>54962528
>" when you will be 30 years old you will have the privilege to only pay a rent to the state"

>>54962546
>pay a rent to the state
welcome to civilization, please enjoy your stay

>>54962871
>I'm so civilized

>>54962167
>You're fucking dumb. It's nearly impossible to get a job that pays more than 50k without political connections.
You're fucking stupid, fucking Mcdonalds managers make more than 50k.
Thats only 25 an hour, you can drive a fucking cement truck for 30.

>>54962891
>I'm a rebel and sticking it to the "man" by living in poverty

Kek

>>54958727
>Mortgages mean you're part of the elite
The absolute state of hoomies

>>54963617

It's true, it's an investment that is out of reach for the upcoming generation... We're fucked

>>54962528
nah thats when you start paying for maintenance like replacing aging water pipes

I've been saying this for months
it will crab along for the next few years with maybe MAYBE a 20% correction in the most inflated markets

>>54962891

>>54958035
This. Can’t wait to dab on poors. Fucking hate poor people like you wouldn’t believe

>>54957862
Not buying a house. gg Jews you won. Enjoy them

>>54958991
Fuck yeah, 95th percentile.

>>54962521
>If that's the last box of ho hos and someone's willing to pay more than you.. better start paying up
this isn't really a good analogy. it's more like people were reselling boxes of ho-hos at a 100% increase but the last person who bought the box at $200 cant get anyone interested to buy them at $300 or more, so people just go back to eating PBJ sandwiches.
the market must be showing severe signs of collapse soon, or just realization of basic econ. its not sustainable, and it's coming down. so many damage control posts lately, seems like a lot of fairweather idiots who got into REI recently are figuring out they are without a paddle. please do NOT buy now if you do not have to, you will be buying overpriced trash.

>>54957989
>Getting married when she's 21 and he's 25 sounds like Mormons to me
that, or very qualified candidates for divorce. so many moron normie couples rushed into buying houses in 2021-22. millennials are horrible at managing relationships. it's a ticking time bomb.

>>54963641
It’s not an investment nigger. It doesn’t generate income or is a share of a productive firm. It was an investment to a developer. It’s a depreciating PRODUCT sold to you by the actual smart people who built and flipped it as a part of their business.
At best, it’s shelter. Overpriced shelter that costs less than 1/2 the market price to construct. You are paying retail premiums for a basic need and acting like that means it is “an investment”.

>>54963837
Oh no. I'll pay 5k for that. You'll piss away 500k in your lifetime being a rentoid and own nothing

Haha

>>54964955
You'll spend a shit ton more than 5k for new pipes.

>>54964955
you don't get to take anything with you and a house in a good place will cost more than that plus all the expenses you also have to cough up money for. not uncommon for people to take loans for that too

>>54964453
The box of ho hos analogy was rentoid cope in the first place. Houses are limited and everyone wants/needs one. Food is abundant

>>54957862
It's basically impossible to own a house if you're an incel. You need dual income to even dream of it.

I make $80k a year and I still can't afford anything other than condos or beat up houses in gang infested neighborhoods.

>>54964614
T. Can't afford to own shelter

>>54957862
I'm single and make 20k less than their combined income. I could easily "afford" a house too but live in my moms basement because I know that either the housing market will rugpull or whatever shitty corporation I work for will fuck me over to fill a diversity quota.

>>54964970
Oh noo.. I'll pay 10k once in my lifetime whereas you own nothing and I own a 800k house to pass down/sell

>>54964987
Hi rentoid :)

>>54965084
Houses aren't like internet meme funny money. Every human wants to own their shelter so they can pass it down to their offspring and create generational wealth, or at least have a shit ton of money

Population is increasing. Houses aren't

People will pay whatever you ask to not be rent slaves for ever

>>54957862
>You have two college graduates getting married and their combined income is near 170k in their late 20s.
Yeah there are a fair amount of them out there but A.) tech crash and 2.) a lot fewer people are hitching up these days, especially young people. Marriage is becoming less and less common. The future is urban high density housing, not suburbs.

>>54965091
theres better things to own and make gains with than a house

>>54965084
I work remote, single, make 195k base, and live abroad mostly - I can easily afford a $4500/month payment with 200k down payment but what's the point.

I did airbnb in the past, I can do it now but I don't want to *buy* a job. Though with the 800k+ house, the rooms will go for minimum $1200/1300 a month.

Back in 2014-2016, I was renting rooms from a 3BR condo in downtown somewhere, Florida for $60/night. and made double the rent I paid.

Just feels being over leveraged for nothing. I don't need an asset to feel secure. A house isn't portable and it's slow to sell. But being in your 30's, life is tricky because people you work with/know get married, kids and get into that lifestyle.

And maybe they're right. For now I'm still fucking and chucking.

>3.5k mortgage

people keep saying people will never sell their houses because they got 2% rates but this is the reality of it. the % doesn't matter when so many retards are paying this much montly. Techfags are already getting laid off and if the economy gets worse and normies start losing jobs too they're not going to be able to pay these insane mortgage prices

>>54965127
Holy cope rentoid! I'm sure your dogesonicobama coin is going to make you rich enough to buy shelter one day

>>54957862
> Willing
Able?
Layoffs in the post
> t. Mid manager at major US multinational
Unironically 6 more weeks

>>54964614
t. asshurt rentoid

>>54960374
That graph has 2 cycles that have actually happened since the break from the gold standard.
It extrapolates another cycle, 50%! Despite an inverse demographic situation.
This is pattern recognition gone mad. Not everything is a contained cycle.

>>54957927
why do uneducated rentoids think you don't own the house just becuase you have a mortgage on it? Do they not understand that the homeowner still gets the two primary benefits of homeownership by owning a home with a mortgage, namely shelter and capital appreciation?

why do home posts bring out the absolute bottom of the barrel low IQ rentoid monkeys?

>>54957862
>we aren't planning on kids
might as well just suicide right now, what a pointless existence just live to die alone

>>54965025
>Houses are limited
only because people feel they should be listing at insanely high prices for dogshit houses

>>54965333
looks like someone added the graph to the post from 2006, which isn't wrong and applies to today.

>>54962470
shitcoin charting tells me dcb.
>inb4 cope
look at lumber CME contracts 5 yr period

>>54964614

The reality is that if you don't already own, you are priced out for the next ~20 years. There is too big of contingent of millenials that have entered home living age, and will live in SFHs for the next 20 years while they raise families.

In 20 years once the boomers start dying en masse in nursing homes and some millenials become empty nesters, then housing is demographically FUCKED beyond belief.

So just wait until you are about 50 or so and you will be able to pick up some good deals then.

>>54965518
I will also add that multifamily is seriously fucked in the near term. But single family won't see any relief for a long, long time.

>>54965518
you could say the same thing about boomers in the 2000a. doesn't mean shit, doesn't mean they're gonna stay, a lot of them don't even have kids or are married. just because a large generation is becoming middle aged doesn't mean they all make solid life/financial decisions.
if you bought in the last two years and are planning to stay for 20 that's good, the value will most likely dip in the next 5-10 years but be back close to todays value in 20.

>>54962918
Where I live they make 36k. Why would anybody pay them more?

>>54965713

20? What you mean by 20? 2000's prices?

>I will buy a bigger mortgage on margin
>I must tell everyone else to buy!

^you are here
>I am a genius!
>we are all going to be rich!

You know what comes next on the chart don’t you OP? I think it will be generational karma watching the deck of cards collapse as soon as the boomers have entered retirement kek. Watching them shit the bed and have to go get jobs as a wall mart greeter since those “investment properties” didn’t hold their projected growth will be comical.

>>54965815
20 years. from now. cmon your reading comprehension can't be that bad.

>>54959089
>>54959027
This data is so inaccurate that it's not even worth your time. It's skewed so low because 60% of the country is either illegal or makes under 20k, whether it be off the books or they just live on government gibs. Then you have the billionaires and places like SF and NY that skew it the other way. My personal belief is that the average two family household income in the US is closer to $150k-$250k now.

>>54957978
THE JEWISH ONE YOU PAGAN!
>>54957862
retards waste money on dumb shit. Big shock. Not as bad as rentoids
>>54958727
'toid

>>54957862
>This doesn’t end until mass layoffs begin.

Imagine tying yourself to that debt just before large swaths of the workforce are replaced by chatbots. Normies really have their heads in the fucking sand about what is coming.

>>54957862
>Housing will NEVER collapse
>NEVER
Never say never. It is bad now, and will likely remain bad for the next few decades, but global population is predicted to peak in 2050, then there will be fewer immigrants to prop up the West's sham economy, including the housing market.

>>54957862
It will because the generation after boomers are half their size. Cope and seethe.

>>54958000
Godan?

I still don't understand why most people don't just work until they have something like 100k saved and leave the country for greener pastures?

>>54965417
Yet people will out bid each other to own this precious asset

Curious!

>>54957862
the couple is screwed if even one of them loses their job, and they're in better shape than most

i live alone, on half their income, and save 2x what they do

>>54966217
not as much as before, and only on houses that are worth it. very few left are out there offering $50k over asking (which is $200k more than what it sold for a year ago), waiving inspection, and sending a photo of their stupid family and a letter all for a quick and dirty hackjob of a flip

>>54966252
women are money pits

>>54966261
>B-but they're only paying over because of x reason! It doesn't count!!

Lmao why does bitter rentoid cope always sound like pure copium?

>>54966578
not even a rentoid but that doesn't matter, your point of view is completely asinine. you want to discourage renting and encourage ownership - fine, i get that and would agree. but you are just saying that people should become overleveraged for extremely overpriced garbage? and that you need to buy RIGHT NOW. why would you want people to do that??
either you bought the peak, in total denial of what comes next for RE markets, just retarded, or all of the above.

>>54966835
>Not even a rentoid

Doubt.jpg

If you think house prices are dropping and that this is the peak, you are very very wrong. In 10 years 400k starter homes will be 800k. Young families will have to cope with 2 bedroom small homes for their whole lives or rent forever

>>54967956

I agree with you. Housing market goes up forever.

>>54966085
this + all the beaners they imported live 20 deep per house

>>54957891
No they aren't.

>>54967956
Are you posting from 2007

>>54957862
KEK
Just like the founding fathers intended.

>>54958000
Ah Ganesha, obviously.

>>54957932
> just typical boomer speak, then why did japan's real estate market crash for decades?

Japan didn’t import millions of “people” to prop up their housing market like every single western country does

>Because the new generation of middle class
what new generation? millennials basically dont exist outside of burgerstan, and boomers are larger than them by a third, so when they die it's going to be total property price death

>"duhhr anon the banks will own all those houses! reverse mortgage!"
fake anon, you dont understand how bad thats gonna be for the banks. all those houses will be worthless, pennies on the dollar.

>>54957862
>"Own" a home
>Mortgage the biggest hurdle to them being able to save anything

Kek at the mental gymnastics

>>54970220
>all those houses will be worthless, pennies on the dollar.
People can't imagine this because they think of houses as permanent assets but if you've ever driven through those tiny midwest towns you'll see what it means. Unused homes just sitting vacant and falling apart after years of neglect.

>>54957862
Lmao housing will crash when the rest of the economy crashes.

>>54962528
the people in op specifically said they are not looking to have children. people with 150k+ combined income cant imagine affording or taking care of children. If you dont know how fucked we are from that statement alone I dont think anything can reach you

no people will not pay exorbitant prices when this exists, you stupid cityshit, you are mentally ill

>>54970343
cityfags are mentally ill

>>54971247
How many hours do you need to commute to the nearest city from here?

>>54957862
$4k/month isn't even that bad for a house. it's like $400k minimum in most suburbs, and with 20% down that's $2.1k/mo mortgage plus another $1k/mo in taxes, insurance, and utilities. so basically $3.1k/mo plus any incidental maintenance or capital expenditures, for the privilege of living in a plywood box that demands your wageslavery for the next 3 decades.

the cost of living is out of fucking control.

>>54957862

>willing
not
>capable
nice try
Almost everyone is WILLING to pay rent aside from the usual conscientious objectors. The failure point is not whether or not they are willing but whether they are even capable.
I know no-one who can afford rent. Everyone i know is getting help/has a hustle to afford and all of them are at their mental limit. A few have already shut down as much as their responsibilities will allow. Retreating from expenses that are unnecessary, these expenses are someone elses rent.
Now to counter my anecdotal conclusion, you must provide evidence that the middle class(those you purported to be willing to spend x on rent) are capable of doing so and that there are enough of them(the middle class) to keep the housing market at current prices.

>>54971269
depends on what your definition of city is

town like 3 minutes, but "city", is that only defined by number of blacks residing there

>>54965357
lower your tone. once you lose your jobs, lets see if you really "own" your home.

>>54971392
you can always pan for gold to pay the land tax.

>>54971494
given the change, O would

>>54957862
>You have two college graduates getting married
No you don't. Over 90% of college graduates under the age of 50 are expected not to marry.

>>54971353
> there are enough of them(the middle class) to keep the housing market at current prices.

no one can afford these rates (demand is down) but no one is selling (supply is down.) it's a gay and retarded stalemate. our only saving grace will be a recession causing forced sales.

rates dropping won't fix anything, because nigger cattle psychology dictates that prices will rise when the cost of borrowing drops. this does not contradict the observable phenomena of rising cost of borrowing not yielding a proportional decline in price -- the nigger cattle financial paradox, as it's called.

>>54971669
demand will stay the same and supply will increase substantially

that's what the boomers dying means

anything else is fake and gay

also the government is collapsing, so good luck getting taxes out of people

>>54971689
>boomers dying
>1946 to 1964 plus 80ish years
>2026 to 2044
i care about buying a house now, not 5-20 years from now.

>this time it's different

>>54963608
They’ll grow out of their man child shit eventually, or just be stuck forever and have nobody to blame but themselves

>>54971738
cool, just waste your fiat and time trying to buy something that is insanely overpriced and worthless

>>54971353
Yeah but where do you live? It's different here. Many single people can afford an apartment at 500-700/mo with modern amenities in this part of the Northeast

>>54965357
Don't forget the third benefit of not being evicted with swift impunity. In my state it's near impossible to throw out a homeowner within 5 years for failure to pay their mortgage.

>>54966147
Not sure where that greener pastures would be. Lmao. Have you ever lived outside the US? Shit sucks almost everywhere else I've lived in comparison way way more than here.

>>54971247
lmao surely that nice little "stream" never floods the entire fucking place occasionally

>>54971254
For 17K in WV in that condition, it's gotta be in a flood zone or something IDK. There's gotta be a catch

>>54972175
>$500-700/mo
single bedroom apartments in my flyover northeastern pennsylvania hometown are $800-900/month and the amenities are shitty. no idea where you're seeing $500-700/month unless it's truly in the middle of fucking nowhere, and the only jobs in town pay barely above state minimum wage.

>>54965957
>The data is heckin inaccurate!
>My personal belief
>Housecuck rejects reality
Many such cases

>>54972282
Well to be fair it is in the middle of fucking nowhere. however there is still a adequate agricultural and manufacturing sector that provides decent enough jobs for the commoners here to live by themselves. Heating bills get expensive as fuck here though like the rest of the Northeast.

>>54957932
US, some Western Euro countries might not crash for some time if we are talking demographics, due to immigration as we all inner migration from small towns to cities. Although, that would mean some areas might crash, although they are probably cheaper to begin with because no jobs.
But Japan, Korea, other parts of Europe, maybe even China someday? Maybe capitals and some bigger cities will hold up for a while longer, unless there is a population boom again.

If you didn't buy or cash out refi during the pandemic boom years, you missed out on the greatest wealth transfer in history. The Fed gifted $86,000 to 5 million cash out refinancers. This is why we have inflation and why it will take years to drain liquidity from the system.

>>54966500
Why are they like this?

>>54973779
too retarded to make their own fun. my gf is between jobs. we're moving in ~8 weeks. i told her to just relax and worry about finding a new job after we move. she should be in NEET paradise but she's losing her fucking mind because she's too retarded to read a book or do something constructive with her time that doesn't involve relentless consumption.

>>54973887
reading books is relentless consumption

>>54966064
>Every job worth doing is being taken by AI
Still never being a tradie

>>54966064
Did you even read the paper?

>Researchers from Open AI| and the University of Pennsylvania argued in anew research report that 80 percent of the US workforce could have at least 10 percent of their work tasks affected by the introduction of ChatGPT.

10% oh no!

>>54973896
libraries are more than just buildings in which homeless people jack off

>>54962249
based noticer
>>54962871
>pretending anywhere in the world is 'civilized'
imagine even using that word unironically
the egyptians and romans were civilized by all accounts and they had a festival were celibate women could run through the streets and sodomize men without reprecussion (resistance results in execution)
then again, they did both raze the levant so maybe they can be considered civil

>>54965265
This but unironically

I lost my house in 2008 and been homeless since, now that's what I call Obamacare

>>54974635
Do masons really talk about that stuff?

>>54966064
>engineers not listed
Well that's a mistake.

>>54974844
who knows

>>54973896
Selecting from the most engaging works and taking ones time to gain more than a superficial understanding of them requires active participation throughout. We're talking about the average woman here though, who by her nature will turn quickly to either pulp fiction or the most shallow and ego-felating self-help publications.

>>54974844
yes

>>54957891
2 more weeks

>>54961755
Class isn’t about money you fucking stupid ameriobeses. Otherwise a fucking fat redneck who bathes in mud could win the lottery and become ‘upper class’. What is he, a fucking lord? Stupid American retards

>>54973645

This guys. The housing market will never crash again. BUY NOW or cry later.

>>54969744

See >>54973645

This time its different. This is the new paradigm.

>>54977454
aside from people who already had a mortgage to refinance, sounds like a glorified NINJA loan to me. an over-leverage machine. low interest rate loan on an over-inflated amount. i guess we'll see but,
See: >>54960374
everyone always says it's different

>>54965357
why do you pay someone else continually for something that you should, on paper, own? Genuine question.

>>54957862
Housing will collapse when you are no longer capable or no longer desire to purchase a house. This is da wae.

>>54965957
>skewed average
>median

>>54959537
What fucking moron made this pic with $1 billion instead of $10 billion. How fucking stupid do you have to be to fuck up an order of magnitude picture?

It won’t crash when I can buy a house with BITCOIN

I closed my house deal by only using $BITCOIN. The real estate agent was surprised I was so ahead of the curve with this new cryptocurrency technology and that I would buy another property in such a fashion. But i assured him that I rest easy knowing my money is in the hands of the 44th Six Time World WWE Champion President Barack Hussein Obama Sonic 10 Inu. This is the first BidenProof asset to ever exist, we are safe.

>>54960341
Rentoïds can't understand the most basic fundamental of economic, offer and demand. In Canada, pajeets gets up to six family together to buy a house and they keep coming in every months. It will never crash.

>>54957891
2 weeks

>>54957989
there is literally nothing wrong with getting married at that age, or even younger.

getting married old is a terrible idea and leads to higher divorce rates. when you marry young you grow together, but when you marry old you're already two seperate people trying to awkwardly combine.

the best way i can describe it is when talking to a coworker once (who married when she and her husband were both 18) she said she literally cant sleep unless her husband is in bed with her. and i thought to myself "i can't sleep if some one IS in the bed with me"

>>54977558
homeowners without a mortgage will still pay property tax on their property into perpetuity so I don't really understand your point

>>54962186
Nothing, it's good to get married young. This board is full of people who hate love or think you should wait until your balls are shriveled to get married.

>>54980174
>>54980174
That's called services. Clean water and waste disposal.

>>54962259
30 year loan, you’re probably 30-35
Statistically you’ll be dead before you ever fully pay off your loan, or not be able to live long enough to enjoy the benefits of no longer having a mortgage

>>54979033
>immigration slowed during covid lockdowns
>prices increased at the fastes rates they ever had

>>54980380
interest rates are the other fundamental of finance

rates went to generational lows and people realized the value of that and bid up assets with cheap debt

>>54962528
>financially responsible
>married to a 30 year debt contract.
That’s almost half your life bro. You can’t move anywhere now either, your equity is washed away by the massive price increase of any other home

>>54957862

Lol these fucking brainlets make like 75k each and are paying 4000/mo in housing. You're right, we can't stop housing inflation when absolute mouth breathing morons will spend all their income on it just to join the 'i'm a homeowner meme' like paying property taxes in perpetuity is some sort of accomplishment. homers and breeders are the two most self righteous retarded groups in the world. they think owning a home or having a kid are crowning achievements of their life instead of fucking normie ass shit literally ANYONE can do the second they decide to

>>54979210

literal fake news.

>48 percent of those who marry before the age of 18 are likely to divorce within 10 years, compared to 25 percent of those who marry after the age of 25. religious fundie weirdo detected

>>54977270
Nobility from virtue alone

>>54978430
u wot m8
10 x 100,000,000 = 1,000,000,000

>>54980362
If you have a loan at an interest rate lower than the rate of inflation, you are effectively being paid to borrow that money for the term of the loan. Do you think inflation will be below 3% in the next 5 years? 10?

>>54957862
They live under a HOA and still pay monthly for pest control? Who the fuck has to regularly pay for pest control anyway? This a southern thing? I live in the north so we have a free annual pest control called winter.

>>54980581
Hehe. I can imagine hoomers coping with "inflation" as the value of their house falls.

>>54980634
I don't need to imagine renters coping.

>>54957862
Every bubble must pop.

>>54957862
this shit blows my mind. I pay 850 a month in rent. Plus 50 for internet plus renters insurance. My car insurance is 36 dollars per month. I take home about 2800 per month after taxes. So, after paying for essential bills, I basically have 1800 leftover. About 100 a week on food, thats 1400 leftover. I work from home, and spend maybe 60 bucks a month on gas, 100 tops, lets just say 100. 1300 leftover.

Even if I spend 300 a month on booze, drugs, bars I still can save about 1,000 per month. I really don't get why saving is so difficult for people. Why didn't they just buy a cheaper house or rent a cheap apartment? It's only two of them and no kids, they should easily be able to rent a 2 bedroom for like 1200 a month, maybe 1500 if they really wanted to splurge. These people are just retarded

>>54981072
>I pay 850 a month in rent
I'm assuming you're not an urbanite, but rents get up to twice that number in cities. Not to say they aren't retarded with spending but rent there really cuts into your savings.

>>54957891
2 weeks

>>54957891
two more weeks

The fed only cares about reverse hormones. BITCOIN will save us

>>54962127
Most of those demographics live under the same roof as the bread winners, 80% is an exaggeration

>>54966147
There just isn't that much left over anon, and it goes to sudden emergencies like car troubles
Everyone in this thread seems really out of touch

>>54959485
You never truly own your house fuckhole. Try not paying property taxes for a while.

>>54959485
by that logic property tax are just rent payments to the government jew

>>54982156
Pretty much, God, I mean King, I mean State owns it.

>>54959550
Grow up anon, Owning real-world assets through platforms like MNIcorp goes beyond mortgages and brings you closer to the realm of the global aristocracy. By participating in RWA investments, you can position yourself as part of an elite group.

>>54957862
>until mass layoffs begin
Five years

>>54977680
The traditional housing market dynamics can be volatile and subject to collapse when individuals are no longer able or willing to purchase a house. However, there is an alternative path paved by MNIcorp in the realm of RWA land collateralization. DYOR or get lost

>>54972260
you literally get free water and you're mad

>>54982706
>>54982751
I'm not buying your timeshare.

>>54957989
> Getting married when she's 21 and he's 25 sounds like Mormons to me
As opposed to marrying her when she’s 30 and done having fun?

>>54957978
Any God you like, it doesn't even matter. They're all the same entity anyway.

>>54962186
Similar situation as you, anon, but we got married at 21. Still happily married at 36 with two kids. Couldn't imagine it any other way.

>>54957862
housing will collapse because the entire banking sector will get FUCKED. no banks , no loans , no houses. its over. ur an absolute simpleton if u believe otherwise

>>54983749
>all God's are the same
>Venus, Jupiter, Saturn, the Moon, and the Sun are all the same entity
midwit as all fuck lmfao

>>54984605
They all represent the same God, but not the same god necessarily. Don't @ me if you are too small brained to understand.

>>54957862
I am 38 and have zero retirement savings lmao

>>54957891
>Mass layoffs are approaching
They are approaching indeed! In fact, you only need to wait 2 more weeks.

>>54957862
>You can squeeze blood from a stone
>The top 10-15% of household incomes can keep the whole country's market propped up forever
The math of this just doesn't add up.

>>54957862
Lmao! Great b8 m8 but the housing market is fucked.

>>54984654
>They all represent the same God, but not the same god necessarily.
I apologize, I didn't know you were clinically retarded.

>>54984783
>The math of this just doesn't add up.
It adds up perfectly anon. Faces need to change. And the way to do that is not only to add some different ones but remove the
>excess

It's simple. Woke em into the quarter milly a year jobs. Refuse to grant housing permits, zoning, permission for new housing to be built quick enough. Prices rocketing up by comparison with salaries, interest, inflation. All of a sudden.... some people are priced out of home ownership and thereby less likely to reproduce. The UN describes it as
>economic genocide
But that's not the same.

Pottery in motion.

I got mine. I don't think many more will get theirs at the current rate.

>>54985192
That doesn't fix the math. You can't get price support from money that buyers literally don't have, or at prices they can't gain any yield from because commensurate rents are (once again) dependent on money people literally don't have. The money for all of these people to give price support for any more "HOUSING ONLY GO UP" simply is not out there in their hands. It just doesn't fucking add up.

>>54985305
I want to believe you but what do you say to Blackcock et al. filling the void left by priced out families?

>>54957891
>>54958035
One fortnight. Half a lunar cycle.

>>54985717
Okay, so a bank buys a bunch of houses - now what? Where is their ROI supposed to come from? All the priced-out people who (still) don't have enough of it? It still doesn't add up.

>>54985305
>The money for all of these people to give price support for any more "HOUSING ONLY GO UP" simply is not out there in their hands.
Really?

>>54986442
>Posting tiktoks of a tiny minority of pampered Tech employees, that also happen to be from companies that just went through a big round of layoffs to boot
Really.

>>54965058
>It's basically impossible to own a house if you're an incel. You need dual income to even dream of it.
>I make $80k a year and I still can't afford anything other than condos or beat up houses in gang infested neighborhoods.
this. honestly I thought 80k was a lot the average wagie is making half if that, but its still only good enough for outter city condos. seriously doesn't make any sense to me. most other millennials and zoomers I know can't afford houses so who owns all these fucking things? 99 year old boomers?

>>54986521
>still in imagination land where he doesn't realise he's literally being eradicated from the game via universal boosting of picrel into massively overpaid roles for their actual skill / experience level / productivity
Yes. Really.

>>54986574
OP mentioned incomes near 170k. Go look up a chart of American household incomes by percentile and see where that lands you, retard. You cannot create an infinite-growth housing market by burdening the Fortune 500 with a highly-visible cadre of diversity-circuit riders. The math still doesn't add up.

>>54986567
>so who owns all these fucking things? 99 year old boomers?
Yes.
Boomers that by chance had perfect timing during the last 3 real estate cycles and built up large ass portfolios that are levered only like 1:1 or 1:2.

>>54986567
>>54986715
I mean, if your boomers own bunch of real estate, why don't they give one of them to their kids?

>>54958736
No you fucking moron. Women = new labor supply that wasn’t around for centuries. More supply = lower wages (we see this with third world immigrants and third world people in their native lands alike thanks to globalization). More consumers = more demand, more demand = price goes up. You have heard of economics right anon???

>>54965357
>why do uneducated rentoids think you don't own the house just becuase you have a mortgage on it?
Because equity can disappear with the market. A rung on the property ladder is just rent by another name.

Why should I even care about buying a house?
I'll never have a wife, certainly no children. The bank will just take any house I own when I die, I might as well just rent.

>>54957862
>doesn't account for property tax and maintenance costs, just wants to consoom as quickly as possible no matter the price
>budget goes in the red
>lmao default
>?????
>normies lose jews win again

>>54957862
>real-estate doomer thread #9032

>>54986775
boomers are generally speaking psychopathic when it comes to money and they assume that the current generation has the same opportunities afforded to them and that their failure to secure basic life goals (buying home) arise from pure sloth

>>54957891
Your problem is trusting the fed. You have to base your strategy off of them capitulating. I wish Bane Powell was real too but he can't be.

>>54962267
Apartments

>>54985853
The government pays to put refugees in them.

>>54957862
fuck this gay country. I would have a higher net worth if I bought a house in knoxville TN, than I would starting a business.

>>54970072
Its unbelievable how people cant see the government is the primary problem. Income tax should be paid once a year in the tax season rather than on every paycheck. Then people would ask what the government is really providing.

>>54988375
>Then people would ask what the government is really providing.
What people? I have never met a single person bring up the question about where their taxes are going. Not a single person, ever.

>>54986825
Women had been in the labour force before, it was an undesirable position viewed to only be for poor or unmarried women. The expectation of duel income households is what changed.

>>54988375
>people would ask
you mean the ~40% of the country that pays literally $0 in federal income tax due to tax credit gibs?

>>54959110
>stupid

>>54957862

Joke's on you. The real middle class are abandoning legacy countries such as the United States, Canada, and Australia. We are moving to the 3rd world. $200/month rent. Bye.

I go where I am treated best. Enjoy your country when it turns into a PVP server.

>>54988841
Ah yes North Dakota the absolute superpower state of America. We should all kneel to their trillion dollar corporations and massive industry.
Kek what are they doing with their IQ? THEY HAVE NOTHING

>>54989000
>Kek what are they doing with their IQ?

Staying away from Pajeets. Seems like the smart move to me.

>>54989045
It sure sounds smart to run away and do fucking nothing about anything and let everyone else take over the planet while you sit in your shed while tens of trillions flow through new york you are euphoric as you empty your septic tank.

I have never heard of north dakota. Ever.
They're probably no different from a village in russia

>>54957862
Nigger, the amount of people in the world are going down while new engineering inventions are making building shit cheaper.

And you think the fukin prices of houses are going to keep going higher indefinitely?

The poors are going to get pissed off very soon. The haves have been pushing the poors to their limits. Landlords and billionaires are going to be dog food soon.

>>54964614
>Overpriced shelter that costs less than 1/2 the market price to construct.
then construct one, faggot. why are you paying rent?

>>54957862
what about in Canada? I feel the bubble will eventually POP

>>54989045
Lmao I just have to say you faggots really don't get it. You can't run anywhere. Good fucking luck trying to find a place with zero nonwhites. I'm sorry but you do not know anything and how fucking pointless it is to worry about that shit anymore.

housing will never collapse cause once ubi sets in, which is soon land chads will have rent cattle on lock. forever.

>>54957891
Powell is a pussy. The fed will pivot and send housing to 6 gorillion dollars for an amerimutt cardboard McGoy mansion

>>54992793
This. Land chads (Chad = jewish ancestry btw) have everyone by the balls and have zero interest in losing hegemony

>>54992757
There are Eastern and Central Euro countries that are like 99% European.

>>54960267
There is only one capital-G God. You can call him Allah or whatever but it's all referring to the top of the existential totem pole.

>>54994805
That wasn't his point. At onne point, you'll run out of white flight retreats and will need to make a fucking stand somewhere

Who gives a shit honestly

You would have to be a complete fucking asshole sucker to buy these piece of shit cardboard glue houses and pay property tax + take on the risk of your neighborhood getting culturally enriched by the feds

Live in your car, live in homeless shelters, live in a cardboard box, live abroad. (((They))) do not want you to know about these alternatives

>>54980499
Now add the data from women who have married as virgins

>>54962186
You are on the right path bro.
I've met my wife at 15 at schools, we both lost virginity to each other, we are married and now 35 years old boomers with 4 kids. We are happier than ever. Each day is a blessing.
It's all about finding the one when you are young, and never change! The moment you want to move from partner, you are fucked beyond repair for the rest of your life. I have so many examples around me that I've lost count.
Godspeed anon

>>54995105
How much money do you make

>>54994805
What the other anon said. It's over and you want to run to shit hole where the locals will probably hate you? Those places are shit for a reason. You must get over the fact we are living among them. You must live above them. Figure out the rest retard.

>>54995105
Calling bullshit. Fuck off you lying nigger.

>>54996496
I live in Eastern Europe myself anon, lmao. It's not so bad here and in some regards might be even better, besides that we will also get aging population and not even that much immigration to prop pensions ponzi.

>>54996524
You live in a shit hole where nothing matters just to live and to die. Enjoy.

>>54957862
>pet insurance

>>54962186
What's the point of getting married? You can't just live together is some Jew paper going to change your life? Some Jew religion?

>>54957967
Having kids is the main one, there are other minor benefits, like its nice to have someone to depend on.
Its so fucking important not to have oneitus or be desperate, the wrong woman will fuck your life up.
Gotta be willing to say no to almost good enough.

>>54996538
Eastern European cities are much nicer than Western European cities, unless you think brownoids are awesome, which i certainly do not

>>54996538
Could say the same about any country and humanity in general. We are spending energy and resources on useless bullshit when it should be invested into something like fusion reactor research or anti aging technology.

>>54959451
Reproduction being decoupled from sex is the greatest lie of the 20th century which is saying a lot cause the 20th century is a century of lies.
If they can convince you that two dudes touching eachothers dicks is sex, they can convince you of anything

>>54996589
>>54996587
You both are third world brained retards.

>>54996613
I don't think you know what third world means. I also think you're brown.

>>54995858
Why would I lie on the Internet? You are the nigger.
>>54995858
What does it have to do with my point? We are middle class europoor in countryside. It's fine.

>>54996918
of course this was meant to >>54996499
I fucked up.

>>54996613
your neighbors are black

The only way housing will come down is if interest rates get to the point where companies are forced to start laying people off due cheap money being the fuel of a growing economy. Once that cheap or even moderately priced money is gone it's only a matter of time before things seize up.
I don't think I really need to explain how the chain of events will go after that since it's pretty simple to understand

>>54957862
Considering homes duble in value every 10 years its a no brainer to buy a house. Even with 5% down payment and 7% interest.

>>54997461

Demand already froze thanks to surging rates and economic fear. But it wasn't enough as supply is literally just that fucked up. Nobody has built enough houses for the past 15 years and we're now feeling the effects. That can't be fixed overnight.

>>54997564
homes aren't appreciating 7.2% per year, every year, for 10 consecutive years -- not even in clown world markets like NYC.

>>54997610
I dont know man. All the home owners i know are convincing me otherwise. I used to think focusing on just the monthly payment was bad but im starting to think thats really the only thing to look at. Everything else will work itself out if i just keep making the payments.

>>54997653
the average homeowner is a financially unsophisticated nigger retard. DYOC (do your own calculations.)

>>54997669
Well they keep asking me why i haven't bought a house. They tell me im throwing away money and making my landlord rich. I keep telling them im still saving money and i dont want to be trappedin a house. But they say the idea of being trapped in a house is nonsense. I have access to VA loans and they tell me there's nothing wrong with putting 0 down. But yeah the calculations just seem off to me.

OP is somewhat correct. It seems that we are entering a non-stop inflationary period similar to a lot of lower first-world countries, despite what the fed says. I see a few scenarios that could play out:

1. Hyperinflation: For this, buy a home ASAP. Your mortgage price will stay the same, your home will increase in value, and you will be the one who "got in" before being priced out. Banks will likely collapse or debt will be restructured, and you win.
2. Slow drip inflation (most likely): Same as above. This is how boomers made out hard, but it will be faster than their very slow drip inflation wins. Buy a home ASAP.
3. Recession: People will lose jobs, the money stops printing. This is the smart move by the fed, but it's unlikely to happen. That printer needs to run for the sake of growth and saving face. When this happens, as long as you aren't over-leveraged on your mortgage and have a high DTI, you will come out on top. Idiots pay 40% of their take-home in mortgage will lose their job, go into foreclosure, and get fucked. Buy a home ASAP, or just rent.
4. Depression: Same as above, but on a much larger scale. You should still be fine if you have a real job (not middle management, uber, sales, etc.) and a low DTI (maybe 25% max). Buy a home ASAP, or just rent.

Keep in mind that the US is in saving face, attempting to maintain the illusion of world financial power. To do this, they WILL print more. Act accordingly in terms of taking on a mortgage. Ultimately, if you can get in at a 6.5% rate or lower, and keep your mortgage payments under 30% of your gross monthly income, you should be fine to buy. If you don't, there is a good chance you VILL live in ze pod in about 5 years.

>>54998050
And I would like to add, if you suspect there will be a large economic restructure/collapse/recession it will be best to have a home than rent. There are FAR more programs to help you keep your home than stay renting, and your local Sheriff isn't going to kick you out of your home on your own property.

>>54998072
>There are FAR more programs to help you keep your home than stay renting,

The past several years have proven that is changing. Parts of California still have a eviction moratorium.

>>54961213
>>54962412
most mortgages require you pay the bank 1/12 the property tax each month as part of the mortgage so they can pay it to the gov every year, they dont want to take the risk of you falling behind like a retard and have a lien put on the property they may one day repossess. so its included in the mortgage figure

>>54965127
unless your rent is fully paid by dividends, then no

>>54980441
>You can’t move anywhere now either
>rent out house for full cost of mortgage plus tip(which is the going rate in this market)
>live wherever you want

>>54997577
People still have jobs. If/when that changes you will see buyers dry up as inventory rises due to people selling their Nth home, home buyers already cutting it close throwing in the towel, and over-leveraged Bigger Pockets enthusiasts getting their teeth kicked in when they both can't refinance and their tenants are experiencing hard times of their own.
This is less about interest rate hikes and more about how long this economy can weather interest rates at their current level.
With the Fed flat out telling everyone that rates will remain higher for longer if that's what it takes to curb inflation I'm personally of the belief that this economy which was built up on cheap easy money will have to contract.
IMO it's not really about if it's going to happen but rather when and how much.
I picked up a second job just to pile up more cash. I already have loans taken out.
I am living below my means and my plan is to accumulate as much cash as I can and buy the ever loving fuck out of the bottom once its put in.