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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56293312 No.56293312 [Reply] [Original]

Zoomers will never own a home.

>> No.56293320

>>56293312
Just don't take out a loan bro buy with cash lmao what are you poor

>> No.56293323

Kek anyone buying now is an idiot, this is clearly some new paradigm type territory shit.

>> No.56293335

>>56293312
Shit nigga I thought I was being fucked on my 5.5% mortgage. I will be the last zoomer to own a home.

>> No.56293345

2021 boxies are bragging about paying 205,000 dollars of interest?

>> No.56293378
File: 58 KB, 599x578, F61EA02E-9217-4AF1-A5E9-B1814DB4B0DA.jpg [View same] [iqdb] [saucenao] [google]
56293378

>>56293320
This, or at least make max payments until it's paid off early. If you can't afford to do this, get a better job.
If you can't get a better job, learn to code.
If you can't learb to code, you can live in the pod.

Simple as.

>> No.56293390

>>56293312
not my problem

>> No.56293411

>>56293312
How long will it take for rates to drop into 3-5% range again? Any guesses?

>> No.56293460

>>56293411
Not for at least another year. Powell ain't touching rates no matter how many bank failures or insolvencies happen. The bond and stock market has already accepted this fact

>> No.56293473

>>56293323
I bought a condo for $350000 less than a year ago it's now worth $415000, buy now or cry later

>> No.56293491

>>56293378
I know how to code. Where and how do I make enough money to buy a house?

>> No.56293628

>>56293323
>>56293345
Priced. Out. Cope and dilate.

>> No.56293681

>>56293411
We going to 12%, no one can argue against it without crying and shitting

>> No.56293720

>>56293473
but if you sold it you'd just pay the market price so really its a wash. I could sell my house too, but even if i make money on it, i'll pay that much more + now i have high interest rates if i have to borrow (house paid off).

>> No.56293807

>>56293720
this is what normies don't understand. They see the house they live in as a sound investment. So price go up = more gooder.
Then they sell the house a few years later so they can "upgrade" into a new mortgage.

>> No.56293821

What’s the best way to short american housing nowadays?

>> No.56293834
File: 92 KB, 1224x493, usda rates.png [View same] [iqdb] [saucenao] [google]
56293834

>>56293312
They can get a USDA loan for 0% down and a 4.125% rate.

All you have to do is live outside the major cities and their adjacent suburbs.

>> No.56293871
File: 88 KB, 1558x1100, Homeowner_v_Renter_Income_Quartiles.jpg [View same] [iqdb] [saucenao] [google]
56293871

>>56293323
You're right. All the smart and successful people are renting.

>> No.56293875

>>56293312
Sure feels good buying 6 months ago. Those were the days
*sip* aah a 6.1x% rate feels good. Up nearly 10% on my zestimate to boot!

>> No.56293948

>>56293312
Just refinance when the rate drops.

>> No.56294217

>>56293473
OP on mobile, ID may have changed. It's not my primary home, I'm keeping it vacant. I bought it to take money out of stinky stonks and banks. It's in a high demand, safe area, when I bought it it was actually lagging in price appreciation versus other properties in the region and this specific area.

>> No.56294234

>>56293473
everyone's bitcoins were worth $69k until people tried selling