/biz/ - Business & Finance

>>55414635
>you're too old to really enjoy sex
Wait from what age on?

>>55414685
He means specifically a fantasy world where a 23yo has a house and is donking all the girls from the local university like in some movie.
https://www.youtube.com/watch?v=j9A48PX3lWw

>>55414635
Would suck for mortgagecucks and buy to let but a 90% drop in house prices would remove so much burden from living costs

>>55414759
The Boomers, GenX, and stupid Millenials that went into debt to buy houses didn't buy them to house themselves or others, they are on a level with nft buyers that didnt bought their nfts because they liked the art, but as investement. Do jew things get jewed

>>55414635
Crashed all the way back to 2022 prices

>>55414878

back down to 2008 prices. lol lmfao.

>>55414753
This wasn't suppose to be a Gosling thread...

>>55414635
yawn

>>55414635
>not true of third world countries
not my problem

>>55414956
means nothing you retarded doom poster
prices clearly went up
prices will not be dropping to the 1990s
you are priced out perpetually
you will pay someone else's mortgage as you rent for life

>>55414635
My mom decided to retire and become a real estate agent AND use her retirement money to flip houses at the literal top. I straight up told her it was the worst time in history to do that and she just shrugged it off. Fucking boomers

>>55414773
Fuck em.

>>55414635
Yikes, I need to unpack this. April has prices go up. This post is trying to distract from the fact that April signaled a recovery for many well educated investors. Let the professionals who have spent years in College do the real data analysis. They have said time and time again that this is not like 2008. Also, the seasonally adjusted annual rate of sales of new houses has gone up 20% year over year. That is up more than Bitcoin and the stock market. Listen to the experts and go to college.

>>55414773
very few people would probably pay thousands of dollars for a jpeg just because they liked the art.

>>55415628
>eliciting a variety of onions

>>55415628
it's still regional

people don't have the purchasing power out west to afford the high prices anymore

but midwestern homes in my city aren't lasting a weekend without multiple offers

>>55414635


this thread has some crash copium for you
>>55415613

>>55415558
> Thinks anecdotes cut it
Imagine being a twat

>>55414635
cope

1 house = 1 house

>>55415957
Yeah brah let's do this swap for your house in Malibu for mine in Gary, IN.

>>55415957
> One house at 400k
Property taxes
> Same house at 600k
Higher property taxes
1 =/= 1

>>55415993
>renter doesn't understand property tax increases are capped
>renter doesn't understand that assessed values are a fraction of the home's value

yawn

>>55416059
Where you live, perhaps, not everywhere

>>55414635
Home prices have been fairly affordable, all things considered. The analysis to focus on is at the middleclass /median incomes. At the floor of that median range, a lot of people are within 1/2 to 1/3 the total cost of the house based on their TC. Now a days everyone got a job with a TC of an average STARTING minium of about 240k. That goes up to 350k to 400k within a short matter of time. This is after they went to get their four year CS degree, EVERYONE studied that after 1990, CS basically was the only degree people studied and they got the 240k TC or will be getting it shortly. Some even hit around 600k I think, which is more than enough to purchase a home (averageing around 400k) at a 7-8% interest rate.

>>55414635
IDK my house seems to be gaining value pretty well since I bought it 2 years ago.

>>55414635
looking to buy my first house soon, is this a good time or does it need to hit bottom first? not gonna wait another 5 years since its ultimately better to buy and work against the debt than just burn money renting but curious anyway

Why has nobody mentioned the immense year over year drop in volume sold. Isn't volume down like 20% for single family homes across the nation? That seems like a pretty big deal.

>>55416363
tranny spammer faggot

>>55416396
There will be no bottom.
Bull market already started and there is tons of cash just waiting on the sidelines ready to pounce.

>>55414635
Just look at Japan commercial real estate prices 1991 onwards. This sort of thing destroys balance sheets. Since the final owners are mostly pension funds and insurance companies this means that boomers will have slightly less money for retirement and all insurance premiums will go up over time.

>>55415628
>within just two weeks
Literally two memes within one statement

>>55417284
That's because no one wants to sell, not because no one wants to buy.

dropping today on eth