/biz/ - Business & Finance

>>55723436
so it's only going to drop 15% more to reach fair value

>>55723626
God i hope so

not selling you my bags, zoomie

>>55723626
Well sheeiiittt.

>>55723436
we're goin sub 300, aren't we

>>55723626
based

i hope it all burns to the fucking ground

>>55723436
Means nothing you delusional tard. This is a chart showing the median price of what is currently selling not home values in general.

>>55723626
>another out of context chart is presented
>OMG CRASH HAPPENING TWO WEEKS LMAO
Dumbest board on 4chan I swear.

>>55723626
PLEASE PLEASE PLEASE I'M ALL CASH AND FUCKING READY TO BUY A CHEAP HOUSE

>>55723766
cope

>>55723789
what's the context missing then? Compared to 30 years of data, houses are more expensive than than usual compared to income levels

AHAHAHAHAHAHAHAHAHAHAHAAHAHAHHAHAHAHAHAHAHAHAHAAHAHHA

Just bought a house. Yeah I got it for 15% less than what the seller originally wanted, but interest rates have shot up. So it's a moot point for a normal person forced into a 30 year mortgage. The only people who are able to take advantage of housing drops are richfags who can just drop an assload of cash and buy outright.

All I can hope for is to pay off the mortgage with profits from the next bullrun

>>55724329
AHAHAHAHAHAHAkysHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAH

>>55724308
Looks like the Matterhorn hon hon.

Demand is still high, due to unlimited immigration I’m assuming.

Pricing are cooling more on the high end I’m noticing.

The housing market could crash if oil goes to the moon and the fed has to raise rates even more. Markets are currently pricing rate decreases.

I also think in the Florida market, boomers are fomoing into this real estate market with cash because the stock market indices are strong.

>>55724308

>>55724195
housing will just keep going up indefinitely because magic bro
t. million dollar home owner, but not deluded

>>55723436
What happened in 2020?

>>55724348
hon hon hon

>>55724403
huh huh huh

>>55724329
Anyone who laughs at you is retarded. You bought a home as a home and so long as you can pay the bills, you end up with a house at the end. Crash fags will wait and wait and wait and never own a home, while seething about the price.

>>55724329

lol you actually bought around the top? Come on anon this market was truly heated.

>>55724434
>so long as you can pay the bills
yeah thats kinda the big IF there, bucko
buying a house at these rates is retarded, unless the price dumps a lot, which it has not

>>55724434
I am cash fag chasing yields right now. And don't think I'll own a home for a long time simply because I don't need a home and have a very good setup right now. But this is the correct mentality to have when purchasing a home. If people like that get wiped out it means something very wrong is happening

>>55724434
t. anxious hoomer

Verification not required.

>>55724473
>But this is the correct mentality to have when purchasing a home.
the mentality of just buy a home if you want one despite market conditions and price? that's retarded

>>55724329
Absolute shit for brains.
You bought the absolute top, with a high interest rate to boot.
Dont buy the home depot “husky” brand rope when you decide to an hero, its poorly made and will break.

>>55724461
As long as you aren't overleveraging and buying a house that requires 50-75% of your pay, you will be fine. Obviously don't be a dumbass and buy something you can barely afford.

>>55724476
Canada will always have buyers because we just import a million immigrants a year. The powers that be want homes to be expensive and unaffordable. I'd rather be on the side with a home than the side without.

>>55724519
Who are you trying to convince, except yourself?

Interest rates have never been that high and there is no pivot coming before 2025 my poor lad, you are fucked.

This dip is only temporary. Anyhoo, I'm stay still way up!

>>55724608
nice man what are you gonna spend that extra 200k on?

>>55724608

>>55724641
Holy shit, it looks exactly like that

>>55724641

>>55723626
this is almost as stupid as the "BTC is going to skyrocket after the halving!" morons

Um. Bros... Whatever you do, don't buy a house right now

>>55724810
idk man, the usd is hemorrhaging value, it might be the perfect time to buy for cash holders.

>>55724608
me too

>>55724825
You have been warned

>>55724830
Based. These rentcels on suicide watch rn

>>55724830
>>55724792
You took out an equity loan didnt you nigger?

>>55724810
>doomsday scenario is a 30% loss from here

i would still be up 60%, and my mortgage is financed under 3%

we're getting a sideways market, not a crash, like we did from 1991-94 when rates were 7-9%

>>55724830
how are you spending all that profit? new car?

>>55724871
of course i refinanced, rates were under 3%, im not turning down cheap credit that i can leverage

>>55724890
i bought a second home and turned this one into a rental, rental income pays for both mortgages

im white so i dont waste my money on dumb shit like sports cars, i drive a 10 year old tacoma with 100k miles

>>55724862
Believe me, I hope you're right. I can wait but can the usd.

>>55724412

>>55723558
25% more. Fair value is not one cent higher than 2019... Realistically it needs to drop by like 50%.

>>55725128
50% at least
only the best of the best areas will be spared

>>55723766
LMAO something is only worth what someone is willing to pay. If nobody is buying those overpriced shitboxes then the value is fake.

>>55724792
crypto cycles every 4 years
housing cycles every 16

>>55724945
2051 AHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAH

one day you will own a house.... one day

>>55724056
Good. Anybody holding every dollar in a debit account at the cusp of another crash is a retard.

>>55725177
could pay it all off right now if i wanted to

my money is in crypto/stocks/bonds instead

>>55725410
yeah we believe you ;)

>>55723626
Coping rentoïd.

>>55725518
grey

>>55725526
A fine connoisseur. This is the best choice.

>>55725518
There’s a couple of chudince cringe shit in there but purple, maybe yellow .

>>55723789
the chart shows a slow decline over a 6 year time frame.

>>55725536
Technically speaking, it is the worst one, because it'd lead to massive issues with inbreeding within one generation, thus leading to global human population collapse. I get the appeal of the wish, though.

>>55725617
not my problem i will be dead already

>>55725617
Inbreeding is overrated

>>55725180
what's the issue? plus the money isn't actually in a debit account and not in dollars, it's gaining a lot of interest :^)

>>55725518
Gray would get you murdered but its the best choice.

>>55723789
>ITLL TOTALLY BE DIFFERENT THIS TIME GUYS! YOU JUST WATCH!!

>>55724945
>only 28 years to go, then I can relax

>>55726332
If you pick purple the rest would follow, except aliens and hitler.

It's undeniable that housing is the most expensive in all of history.

>>55723789
>>55724792
>>55725518
Good Luck,

Mike