/biz/ - Business & Finance

>>56794078
You vill own nothing und you VILL be happy.
Seriously, that’s all there is to it.

>>56794137
Jews?

>>56794146
Yep. Make sure prices stay stagnant or even drop to fuck over sellers, raise interest rates to fuck over buyers. The only people who win are the banks

>>56794078
>how monthly payments have essentially doubled
the interest rate doubled

>>56794078

the total cost of a mortgage is only partially the house's market value if you've taken out any kind of loan.

when the fed raises rates, you are charged higher % interest to borrow the money. thus, the total "Real" cost of your mortgage increases since you will pay more and more on interest over the life of the loan

>>56794078
The cost of borrowing money has increased, while the cost of a house has not. You can borrow money for purchasing other stuff, not just houses.

>>56794078
>housing prices have not changed at all
This is a bait and everyone in here fell for it.

>>56794078
The scam of paying double to have it now just got quite a bit worse. But nowadays nobody can get one unless you fall for the scam, so there's very little hope of doing it the right way which is to save up and buy the house. The presence of the scam is why prices have necessitated the scam. So of course the parasites are going to see how much further they can push it. That's what parasites do.

Banks should get their loan back plus 5% and nothing else.
Anyone who argues otherwise should be ran through with a sword.

Whats wrong? Is guaranteed money not good enough? I think your soul needs reckoning.

with ____ you ____

>>56794408
With cute you funny...
I don't get it.

>>56794078
low IQ retards are willing to pay 60% more than it's worth because they're low IQ retards.

>>56794078
Math. Pic related.

>>56794493
Here is one with less numbers because i know that will confuse some.

>>56794493
>>56794527
Honestly if fixed term loans had to advertised as total interest payable as a % of the loan amount people might finally be rightly outraged. Your example:
>loan: $360,000
>interest payable: 140%

>>56794613
This is the 7% annual, it's 52% interest on the 3% annual example.

>>56794078
at this point of stupidity just KYS

>>56794078
Because only the desperate are selling.

Quantity of houses/money supply, money stock does not shrink so nominal house prices don't either

Test

>>56794372
>so there's very little hope of doing it the right way which is to save up and buy the house
Never been easier to do it the right way, just have to save in BTC instead of statist toiletpaper

>>56794078
98% of all mortgages that currently exist in America were signed prior to late 2021.

>>56794078
100 000 loan

payments are
1. 100000*0.03/12+fees+300payment=600
2. 99700*0.03/12+fees+300payment=599.25
loan interestrates go up
3. 99400*0.07/12+fees+300payment=929.83

>>56794078
americans have 30 year fixed rate mortgages so sky high current mortgage prices are not really a problem for anyone except first time homebuyers or those looking to move

you're correctly grasping that no one wants to BUY but forgetting that in this environment, no one wants to SELL either (nor has to, unless they lose their job, since their current income stream still covers the mortgage they signed up for at 3-4%

oh also like 90% of american households w/ mortgages refinanced during the 2020-21 era of record low rates and termed out their debt

>>56795234
based

>>56794078
Higher taxes due to increases in government spending and increases in property value
People falling for the ARM meme loans
Insurance premiums going up

Simple as. I was paying $2100 a month at 2.75% interest a few years back now I’m paying $2500 a month at that same 2.75% interest rate.

>>56795513
>People falling for the ARM meme loans

That was 15 years ago

>>56795513
Bro me too. 2.75% APR on a house I acquired for $550k in 2021. Now do the math as if the interest was 7.5%. Despite the property tax and insurance bullshit, we're winning big time.

>>56794163
>raise interest rates to fuck over buyers
rates are set by the market
>The only people who win are the banks
banks who gorged on 2021 low rate refis would like to have a talk with you

>>56794613
>people might finally be rightly outraged
You get to hold claim on an asset which provides you a service - housing - today, with money you don't have. Would you rather have a fixed payment over that 30yr time horizon, or have your payment compound with inflation (i.e. rent)? Also while your income, while probably not keeping up with inflation entirely, still increases over time. As always the question should be "what's the alternative?".

>>56796940
>what's the alternative?
expulsion of jews

>>56794190
fucking retard you are a fucking absolute retard cunt get the fuck off this board and kill yourself

>>56794391
That’s retarded tho, there’d be no reason for a bank to loan out money only getting a 5% return. Just think logically retard. Would you invest in anything that gives a 5% return in 30 years? No? You’re just losing money at that point.

>>56796929
Papi banki seeing some bad numbers must be feeling like I did first couple of options trades

>>56794190
I take out as many physical loans as I humanely can and transfer the APR onto a crypto loan platform for 5%. This boosted my credit score to roughly by 150 points.