/biz/ - Business & Finance

>>55948805

No shits its not a bubble. Who says its a bubble? Zoomers? Millennials? Housing market to the moon.

>>55948805
i dont understand your logic, are you saying that pre 2008 GFC married couples didnt go out and check out houses? usually you see vacant listings after the bubble bursts retard

>>55948805
>Look at how big this bubble is
>It could never pop

>>55948805
I bought my house for 320k, with a mortgage rate under 3% for 30yo.

Now this house is valued over 420k - and with these mortgage rates at over 7 now, no way I'm selling.

Glad I got in at peak deal. I feel bad for other young couples. They're fucked for years.

and what happens when their wages stagnate, or worse yet they are laid off, and can't pay the mortgage?

bubble is mania. buying houses at these prices with these rates is mania.

Perma-bear rentcucks are as bad as bitcoin permabears. Your opinions are wrong. You lost. Housing is not a bubbble, its a loaded spring. Keep watching prices... you're about to see some crazy shit.
If you don't believe me, use your cash to short home-builder stocks. You'll lose either way

>>55948871
I don't even own a house but it's not a bubbles. Values keep going up because there is no inventory. Without a recession nobody is giving up their 2% rate.

In a major US city near where I grew up, a starter home was around 700k ten years ago. People thought this was insane and unsustainable.
The price for a starter home now is over 1.5 million. These are 1500 sqft homes that need significant repairs and were built in the 1970s.

People cheering for a housing crash have no idea how much further the average middle class family can be stretched, you think a 400k home is expensive? 400k is affordable for a single person with a decent income.
Prices will continue to go up and people will just have to sacrifice more and bend over backwards to make the mortgage meaning:

saving up for years, most likely needing a dual income.
no kids, or delaying them for a while
relying on money from parents/family
buying a smaller/older home that needs major work

And like the previous anon said, I don't even own any property so it's not like I have a horse in this race.

>>55948805
You know your fiat and world is going to garbage when you have a life size wood doll house go for over 5k, economy plane ticket go over 5dola.. actually still be stuck with planes.. where 1st class seats look like economy. Have to qq and start wars over fuel. Have your mainstream media ran by uneducated warmongers. Where they and the majority of the world hasn’t read the Quran at least once as much fault of their own as their elders for not implementing it in to their primary education. At least to get to understand their maker, ok so you may be too egotistical to believe that(prior to reading and giving it a go) at least to get to know the belief of 1/4 of the population, the pop group that is factually known or unknown to you the most clean(mentally and physically), hospitable and charitable. Why are they that way? why is the Quran packed full of signs/lessons & most agreeable with “science” ONCE documented science catches up to it. Which it probably never will in its entirety. Not even with the power of “quantum ai” Alhamdulillah for Islam & Quran.

>>55948805
how do you actually make such a straight line with a lawn mower though?

>>55949593
You run it up the lot line, then as you keep making passes you make small corrections on previous lines, aligning the wheels with the cut grass.

I'm wondering why they have such a narrow mower for what is at least a 1/2 acre lot, must take them forever.

>>55948805
>buying a particle board/tar paper/vinyl sided home.
>ever

>>55948805
If you zoomers want affordable housing you better try elvis country.

>>55948805
If you get a mortgage you're basically signing your life away to become a slave.

>>55949357
>it’s going to just go up forever no matter what
Ok let’s revisit this thread in a year

>>55949593
it could be a filter the real estate agents use. theres one they use on the sky and windows. it also just ups the saturation a little bit.

its a fucking disgusting practice but no one pulls them up for it.

>>55950354
lol here you go

https://www.zillow.com/homedetails/6594-John-Sams-Ct-La-Vergne-TN-37086/81231304_zpid/

>>55950374

>>55950374
>>55950381
open the images for the listing and flick back and forward between these images.

>>55949442
>i...it's not a bubble
says the increasingly desperate hoomer

>>55948805
This is bullshit lies. The only people buying real estate right now are old single women with divorce or life insurance payouts paying all cash.

>>55948805
Cool story Zillow fag. Keep me posted I know you will.

>>55950420
I just bought a house at 6.5% and my mortgage is $2700 a month ask me anything

>>55950778
That's not bad. My area is completely fucked due to property taxes and high prices. Typical monthly payment on anything decent is 4k/mo minimum

>>55950778
>2700 a month
>>55950822
>anything decent is 4k/mo minimum
ouch.
$1300/mo gang inna decent home/neighborhood reporting in

>>55949800
this. and seeing as its in the rural midwest, enjoy wind and hail fucking that shit up constantly.

Never was a bubble, housing hasn't even kept pace with debasement, don't buy a house tho, DCA into BTC, you need a better short of the fiat shitcoin than housing to make it.

>people are lining up to buy a $400,000 3 bedroom house in a place with no jobs, ugly geography, and no amenities
These buyers are going to be underwater from the moment they buy until the moment they die by rope in 6 years

>>55949357
No. Inventory is a measure of houses for sale, total units/population is fine, housing is not a bubble because the massive debasement over the last 50 years, not because of demand/supply imbalance.

>>55950420
30% expansion of money stock will do that

>>55951093
And people's wages increased by 30% as well didn't they? Fuck off shill.

>>55948805
And then one day, for no reason at all, millions of people got forclosed on in the span of a year.

>>55948805
Those 9 young families can't afford 7% on $429k. they think they can because they're retarded, but they can't. The foreclosures are coming for these people. Then housing will crash.

Americans be like
>omg 400k for a house is so expensive ;(
The fuck is wrong with you people?

>>55951176
No, of course not, but just as wages have lagged for the past 50 years, debasement inflates assets regardless. Debasement is a parasitic transfer of resources from income earners to oligarchs, crying about it won't stop it, as Greenspan correctly states, all we need to do is Short the Shitcoin, with BTC we finally have the technical means for practical grassroots capital flight from fiat, and the State can't do shit as it no longer has the memejuice to pull an FDR and criminalize the new gold.

>>55951199

So you're too retarded to understand median house price and median income? I found what's wrong with you pretty quickly. You are a fucking idiot.

>>55951206
or you are a pathetic poorfag

>>55951093
>30% expansion of money stock will do that
>”that” being a 150% increase in housing prices over 3years
Your math isn’t mathing

>>55951209

So you come online to larp like you're rich? Pathetic lmao.

>>55948805
Marriage is already for rich people
Buying a house requires two incomes
Having a family requires a house
Fuck im not gonna make it bros

>>55951222
MSPUS Q1 2020: $329k
MSPUS Q1 2023: $436k
32.5% increase
M2 Jan 2020: $15.4T
M2 Jan 2023: $21.2T
37.6% increase

Inflation is always and only a monetary phenomenon.

>>55948805
You're 100% lying on the internet. (A rare thing, I know)
Nothing is selling in my town. The supply has been building up non stop too

>>55948805
beautiful

>>55950286
Rentoid alert

>watch Big Short on netflix
>come to /biz/ as a newfag about how the market is crashing
Fag

>>55951196
Coworker is paying the real estate taxes for his granddaughters home. When they reassessed it shot up to ~1k a month and they just couldn’t pay it.

>>55951939
>Rentoid alert

Says the cuck who pays property tax on something he supposedly "owns". LOL

>>55948805
>show up to open house
>9 cars in front of house

It's possible they are actual buyers but it is also likely that the real estate agency has people show up to pretend to be interested just to increase the number of offers and the amounts. It's pretty simple and most people are going to fall for it. It's almost like making multiple accounts on ebay and bidding up your own auctions, or doing the same with amazon, buying your own products and leaving yourself positive reviews.

>>55948805
I got a quote for a house in my childhood neighborhood that I was considering. Taxes, insurance, mortgage, etc comes to like $5000 a month. This is for a house that has a leaking oil tank buried in the yard, the roof is caving in, a tree is growing into the side of the house, and the previous owner punched holes in the walls. Real estate is fake and gay.

>>55949442
That's around 11,000 a month on a 1.5 mil home at 7.53% when you include tax and insurance you need an income of around 300k for those or about 2% of households. A 400k home is around 3500 a month, which is sort of affordable
For incomes around 120k. The only way we see a large housing downturn is if unemployment goes up

>>55951966
This is the most ridiculous cope I have read all month bravo. Yeah a realtor is going to hire fucking actors to visit his listings wtf lmao u absolute monkey

>>55948805
If you are not in the west or east coast, there is no bubble.

>>55951982
>hire actors
Or ask friends or maybe they work in the same company.

With my government bringing in a million immigrants a year while building hardly any new homes, yeah, housing ain't crashing any time soon.

>>55951981
that's my point, it's entirely reasonable for a single person to buy a 400k home. A dual income married couple is not even going to be phased. If you can't save up 20-25% down payment as a married couple, then it's probably not the right decision to get a home yet. But everyone is used to near 0% interest, little money down on a 250k home. That may likely never happen again.

>>55948805
>If you want a house you need to get married and combine incomes.
I'm personally betting on crypto for my housing needs. I made $300K off of crypto last cycle, but ended up holding it for reasons, so now I'm going again. I feel like after the next cycle I'll be able to buy a house anywhere.

>>55952076
Yeah, but the problem is all the 700k homes around large cities are out of reach with current rates. 400k is ok still, but when 5% of the country can afford 33% of the homes there's a problem.
Again this is only sustainable until unemployment goes up, which would cause a moderate downturn of something like 20%

>>55949442
I'm honestly going to try and accumulate 3-4 houses during this period. I really don't think it will crash, I think the price will keep going up. I have a few years of contracting experience, I might just buy the house, do some small TLC (floors, tiles, new applinces) and put that baby up for a decent rent. Only way to make it through

>>55951382
You’re retarded, I got married at the court house when I made $30k a year and now I have three children and make $140k a year

Don’t make excuses because you’re a loser who is projecting

>>55948825
Correct, but they weren't given 24-48 hours to make the most important decision of their lives while also having to forego inspections.

>>55953143
Hope your 50% is enough to help you rebound after, anon

>>55948805
Just stack xmr and chainlink so you have the resources for smart contract hits on the darknet for any normgroids that get in your way with zoning laws when fiat collapses. There housing solved.

>>55953173
Cope

>>55949004
i bought this bitcoin for $9k now it's valued at 69k no way I'm selling. Glad I got in at peak deal. I feel bad for other young people. They're fucked for years

tick tock tick tock tick tock

>>55952026
Canada: the nightmare continues.
This graph doesn't capture Canada having far higher marginal income tax rates. This means even if you get a better job you can't work your way out.
You are trapped.

>>55953661

Canada isn't even a country it's a WEF laboratory to see how badly you can mangle a population for the benefit of elites.

>>55953590
See: >>55951652
$1T is only $727B in Jan 2020 dollars

>>55948805
Just financed a mortgage.
765k home price
100k down
7.5% rate (had to spend 2200 to buy that down from 7.8)
Total payment with pmi insurance and all ((other)) associated costs. $5800
What am I in for bros?
2200 SF, half acre lot. Won't say city but it is a white man's paradise.
I do have a house down in mex that is paid off. Airbnb income should meet or exceed mortgage payment.

>>55953884
>Airbnb income should meet or exceed mortgage payment.

>>55948805
housing is a permabull, there are too many factors and influences with vested interest in prices never falling – it might not be fair but it is what it is, better to try and get in than fight it

>>55953884
>Total payment with pmi insurance and all ((other)) associated costs. $5800

tech guys really live on another planet financially

Yes it's a bubble.
But it's an iron bubble that globohomo exists to protect. The housing bubble will pop only when fate ushers in a new era. We may not live to see it.

>>55950778
Is it a mostly white area?

>>55954120
You can buy mansions in black neighborhoods for like $80,000. It's literally a white housing bubble.

>>55953930
That's renting 12 days on average per month over 12 months. Actually pretty doable.
It is in a very coveted beach town in the most desirable area of town.

>>55954080
I am not a tech bro. Have a very blue collar business. Like bottom of the barrel trade even for tradesman. Just been doing it a long time.

>>55953884
If it’s not in Mountain time zone you’re simply lying to yourself

>>55948805
>Housing Bubble

WE ARE NOT IN A "HOUSING BUBBLE"
PRICES ARE COMPLELET A RESULT OF SUPPLY/DEMAND AND GREEDY "INVESTORS" SLURPING UP EVERYTHING AND ANYTHGIN THAT IS NOT COMPLETE TRASH
COMBINE THAT WITH THE POPLUATION
INFLATION AND HE DEVALUING OF THE DOLLAR AND EVERY OTHER KIKE SHITSHOW SCAMDEMIS RETARD POLICY THE GOVT HAS FOISTED UPON US

THE WORLD IS SICK AND PREVERSE AND ALSO BEING INTENTIONALLY DESTROYED AND THIS IS JUST ONE SIDE EFFECT

>>55954130

>nigger robs you
>shoot him
>jewish media declares you a nazi and jailed for life

People have realized the Jewish system is rigged that the only solution is not being around niggers in the first place.

>>55954210
why does everyone forget that pandemic mortgage assistance never ended. Pandemic mortgage assistance is keeping over 1000 boomer homes off the market in Pennsylvania alone.

>>55954417

Ah so hoomers are nigger welfare leeches?

>>55949442
>400k is affordable for a single person with a decent income.
Mass layoffs have started. The FAGMAN ones from last year were just the start, news media be damned. The WGA strike is essentially a layoff, Bioware just eviscerated their senior staff, so stuff is trickling down from the technical to the creative sector. Just wait for it to services.

>>55954462
not all but enough to keep the inventory issue alive and well. how convenient and totally not socialism because it benefits boomers.

>>55951982
If you think it's farfetched, you've never known realtors.

>>55949442
>400k is affordable for a single person with a decent income.
i'd need to hit $140k/year to afford a $400k home (with 20% down) on my income alone.

>>55953884
You're going to be underwater by 2025.

>>55954130
I live near where black millionaires do, and while their housing values are certainly lower than they would be in white areas, they're still ridiculously expensive and out of the range of the vast majority of Americans.

Nobody wants to pay rent. Seriously, there's a reason people are apeing in on homeownership. The value of house never substantially goes down, your payments return to you in the form of equity, you aren't subject to rent increases, and so on. As long as you can afford the mortgage there is zero downside.

>>55951093
Correct, however the recent inflation for the last ten years or so has been the greatest wealth transfer in history. All of that money went into assets and equities, 90% of which are owned by the elites.
It's literal Zimbabwe style inflation we started getting under Obama kek

immigration and printing make a housing crash a mathematical impossibility

>>55954726
Bush, actually, but yes.

>>55954210
There is no supply imbalance, see: >>55951076, you only view prices as high because you've allowed your income to crater, adjusted for money stock prices are well within historical norms

>>55948805
>If you want a house you need to get married and combine incomes.
You need to stick it to the jew not enslaved another retard

>>55953143
Boomer.

>>55952026
most of texas is farmland

>>55949004
How is this sustainable though? If the winning strategy is just "buy now because the appreciation YOY will eclipse any other investment you could possibly make" then everyone would be buying and prices would approach infinity. Which is already kind of happening. But at some point, you are overpaying.

>>55955026

What truly makes it a bubble is what is happening right now with people saying that "prices will never every decline they will go up forever." That's what allows the bubble to reach such insane heights it eventually collapses. There's no question that it's a bubble the only question is how long it takes to collapse in on itself.

>>55951944
>Namefag cant read and is retarded
Classic

>>55948805
>married and combine incomes

Too bad you did the nwnp, lmao

>>55955075
This. There are multiple “it’s a new paradigm!” posts ITT alone lol

>>55955075

Well currently baby boomers are telling me stock market and housing market always go up forever especially the blue chips stocks. So I guess its goes up forever.

>>55950381
>listed by Andrew Tate

>>55955100

Also towards the end in 2008 they started offering insane financing for overpriced homes like the 1% Zillow is doing now. No bank in the world would do that.

>>55955026
it's not sustainable. look at existing home sales volumes, we're at like 2008 levels of sales.
>T-THAT'S BECAUSE PEOPLE WHO BOUGHT WITH 3% NEVER WANT TO MOVE
>PEOPLE BUYING AND SELLING HOUSES MULTIPLE TIMES A YEAR IN PRIOR PERIODS WAS AN ABNORMALITY!!!!

>>55955128
I will give this hoomers this; I agree the housing market will never truly “crash.” Globohomo ensures the bottom won’t fall out. HOWEVER, anyone thinking housing isn’t getting a healthy correction (<-20%) within the next 5 years is absolutely delusional.

>>55955129

The only thing not completely rugpulling the market is the Soviet style press repeating that we're not in a recession despite layoffs every day. When the economic pain sets in that inventory starts to free up.

>>55953173
Anon. This is just for your help and I will only say it once.

You are sealing your fate as a loser with these comments. You are creating your reality, or more likely, allowing others to bait you into creating this reality.
You can change, and I'm not kidding, it starts by ceasing to post like this and with this attitude.

>>55955176
Based knower of truths

>>55955176

Oh so the 50% of marriages ending in divorce with 80% of them initiated by women didn't "create their reality" well enough?

>>55955199
You were based posting just a moment ago and you had to ruin it with this incel comment. Let me help you, Anon’s point is not about the statistics. It’s about being the type of person who quotes divorce statistics whenever someone mentions they are married.

>>55953884
This is very similar to my situation except I put 20% down. In a nice city in Montana. Fingers crossed it doesn't crash but only goes up when rates drop.

>>55955176
I really depise people like you, who think the answer to life's woes is to lie to yourself

>>55955199
Obviously not.
kek
Thanks for agreeing.

>>55955231
What lie did I tell?
The post here gets it. >>55955225

>>55955225

I'm demonstrating the mathematical impossibility of the platitudes you're shitting out and you're attempting to shame me about it because you expected to be praised for our "deep wisdom" for handing out basic bitch advice from The Secret or some other Oprah book club bullshit.

>>55955253
Dang the bears are gay nerds meme really is true after all…

Hoomers, I kneel. Houses to the moon.

>>55955294

I'm sorry your ego got hurt and you felt the need to try to insult me again. If you're that fragile I'm doubting you maintain the relationship you claim to.

>>55955303
How tall are you kek

>>55948805
That's a really nice house. A lot of people are willing to eat the high interest rate now and refinance in a few years when they go back down.

The appeal of a place like this is way greater now than it was a few years ago. That reflects in the price. People want to GTFO of the cities, badly.

>>55950420
The value of nice houses in nice areas increased dramatically between 2020 and 2023 because of nigger riots and COVID faggotry. Don't underestimate the value of getting away from this stuff. People want out of their shitholes and they are willing to pay whatever it costs to do so.

It would be a bubble if the population (aka house purchasers) was stagnant - its not. It's gone straight up as infinite unwashed hordes invade the country.
The prices aren't going anywhere but up until the population takes a sharp dive

>>55955253
Is it possible you are shitty like the people that get divorced and that you could, with effort, NOT be shitty?

>buy house 5 years ago when everyone on /biz/ was saying real estate is a bubble
>everyone saying just invest down payment and wait for the crash
>house worth 2x what is was, even if housing crashed I'd still be way up
>rents have gone up so much my mortgage+taxes is now less than half of what renting a comparable property would be
Just buy a house. The line is unironically going to go up forever, and even if it dips a bit for a few years, still beats getting your rent jacked up year after year.

>>55956431
My landlord sold my unit and the new landlord jacked rent to double what it was. No where else in town is cheaper though, housing costs are just insane.