WHAT HAPPENS TO HOUSE PRICES DURING A RECESSION

[Anonymous No.49277607]

[Anonymous No.49277629]

>>49277607
Up only. Always and forever.

[Anonymous No.49277664]

>>49277607
Regression to the mean, which is a long way down from here.

[Anonymous No.49277691]

>>49277629
This. Housing prices only go up forever and always and this is a scientific law of life. It isn't possible for market conditions to change and real estate is ALWAYS a good investment forever and always as a guarantee.

[Anonymous No.49277707]

>>49277629
This. If you think anything will happen in your favor you’re not paying attention to how this works

[Anonymous No.49277760]

Already starting to see housing prices on Zillow come down and houses staying on the market much longer than a few months ago watching HOOOOMERS get rekt will be funny

[Anonymous No.49277905]

>>49277607
it goes up indefinitely

[Anonymous No.49277931]

Prices will dip, stabilize, and then go even higher. If you are asking then you are already priced out.

[Anonymous No.49277995]

At least historically, home prices are usually unaffected. 2008 was a "once in a century" housing crash. That said, it's difficult to say how an entire country locked into 2% rates will impact prices, if no one is willing to sell then prices will go up as supply decreases.

[Anonymous No.49278017]

>>49277995
>willing to sell
many wont have a choice

[Anonymous No.49278032]

Pic related is what awaits you as you save up for a "market crash dip".

[Anonymous No.49278083]

>>49277760
*Laughs in DC area housing prices*
Seriously, the DC area quite literally laughed off 2008.

[Anonymous No.49278133]

>>49278032
This. The interest rates are the important factor unless you live in like 10 places that are insanely overvalued. I locked in a comfy 125k house in the country with fiber internet for 2.3% fixed. There is absolutely no way I get rugged, but I will have this 500 mortgage payment while they lose their asses on inflation

[Anonymous No.49278197]

>>49277607
Up? Buying on mortgage/leverage and then using equity as collateral for further leverage is an infinite money glitch.

You understand this right?

[Anonymous No.49278265]

>>49277607
they stay unaffordable. dont worry.

[Anonymous No.49278283]

>>49277607
assuming you’re not in a blue shit hole; they’ll continue rising in price due to low supply

[Anonymous No.49278295]

>>49277607
We don't have to drive, we can eat whatever crop is cheap that week but everyone needs a place to sleep.

[Anonymous No.49278309]

>>49277607
they receed

[Anonymous No.49278415]

>>49278197
these people are about to get rekt

[Anonymous No.49278713]

>>49277607
recession is nothing compared to the next 50 years of population decline

>>49277691
coomer id

>>49277760
hot 4 u id

>>49277905
pvp id

[Anonymous No.49279226]

>>49278083
my neighbor in virginia commutes 2.5 hours to work, both ways, 5 days a week. of course, the DC sprawl has to mean the population is decreasing somewhere else...right?

[Anonymous No.49279248]

>>49279226
(forgot to say, yes she commutes to dc)

[Anonymous No.49279266]

>>49277629
fpbp

[Anonymous No.49279346]

>>49277607
>U.S. home values jumped 20.6% in March from the year before, according to the S&P CoreLogic Case-Shiller national home price index, up from a 20% increase in February and marking the largest year-over-year gain in the index’s 35-year history.
Biggest issue is lack of supply.

[Anonymous No.49279474]

>>49277607
(((zillow))) deletes the price history of every house listed so you don't know where the bottom is

[Anonymous No.49279582]

>>49278017
Even if they do, that supply will get gobbled up before you can blink. Late millennials with mid-to-high 5-figure salaries have been queueing up for over a year, and on top of that property investors are poised to take advantage of the first dip they see. Prices aren't decreasing until a huge chunk of hedgies and boomers get liquidated, and they'll be the last to go in a recession.

[Anonymous No.49279610]

>>49278032
Do you not see the 2008 crash in your own chart retard? You literally drew your own cope prediction about what the next crash will be like and this is supposed to tell us what exactly? Should I post a hand drawn chart of btc going to 2mil this quarter to own the bobos?

[Anonymous No.49279744]

>>49277995
Except that’s not what’s currently playing out. Inventory is the highest it’s been in 15yrs. People selectively latched on the “muh no one will sell meme” because it fit their narrative of homes only going up. Investors and builders are flooding the market now while mortgages are at a low.
https://fred.stlouisfed.org/series/MSACSR

[Anonymous No.49279777]

>>49279582
No. No one other than retarded redditors are buying now

[Anonymous No.49279793]

>>49277607
House prices have declined in Japan for 30 years. If we get a situation such as has been in Japan with low growth and deflation, which isn't unlikely, the rest of the Western world might experience it too.

[Anonymous No.49279826]

>>49277607
It will depend on the region of the country. Back in 2008, it was the "rim" (kek) of the US: Florida hit very hard, the coasts, Southwest, and so on. It was less an issue in places where, frankly, there are stable people (thus no issues paying on mortgages/debt) and stable weather.

[Anonymous No.49279873]

dont you think the hilarious idea of "house hacking" being a sustainable wealth building practice has been going on for a bit too long?

[Anonymous No.49279898]

Another thing that is happening is work from home jobs are disrupting LCOL real estate markets. You have people from the coasts moving to the south and midwest with 6 figure salaries and $500K to $1.5 million in cash from selling their homes in those expensive states cash buying those 4br 3ba 3500sqft homes down south for 350k-500k in straight cash.

[Anonymous No.49279913]

>>49277607
>high inflation
>everything expensive
>people need cash
>"seems like we'll have to sell the house"
>people start selling their assets for cash
that's when the housing bottom is in

[Anonymous No.49279946]

>>49279898
This was literally one of the main drivers in of 20 and 21. Not so much now since RSUs are in the toilet and tech employers are playing a game of chicken to bring people back into the office. There’s too much risk at the moment for tech workers to buy a mansion in the sticks

[Anonymous No.49280015]

>>49277995
It's been shown time and time again that retail home buyers literally only care about their monthly payment. That's it. Interest could be 20% and as long as the mortgage is the same as what they're paying, they will sell if they want to be somewhere else.

[Anonymous No.49280114]

>>49279226
nope, we are bringing poeple in from all over the world, the population may be decreasing in other counrties but not this one.

[Anonymous No.49280217]

>>49279946
If you didn't buy rural in 2020 and haven't been sucking cock at the truckstop as a means of employment since then until your industry moves in your area so you can begin wagecucking again I'm afraid you're not going to make it. Remember the kneepad shortages of 2020?

[Anonymous No.49280378]

>>49277607
What makes the government the most tax revenue? That's what happens. Now go rent your pod, bug eater wagie

[Anonymous No.49280420]

>>49280217
Currently in the Bay Area WFH but didn’t get into a FAANG till this year. I’m bitter about missing the boat and didn’t have a paycheck for a mortgage at the time. You know what I did though? I’ve been dumping my paychecks and down payment into btc, eth, and link the past month because equities and crypto were in the toilet while real estate was at the top. The farm can wait.

[Anonymous No.49280488]

>>49277607
it will keep going up forever until every goy is priced out of his own place, this is not about markets, this is a (((political))) agenda and they are succeeding with it

[Anonymous No.49280532]

>>49277995
>inflation up
>consumer spending down
>credit card debt up
>companies missing earnings
>interest rates up
>people starting to get laid off
>housing market losing momentum
Best case scenario housing prices just hold current level but most likely they’re going to start falling

[Anonymous No.49281215]

>>49279873
>those HGTV shows are probably another factor keeping housing costs high.

[Anonymous No.49281981]

>>49279913
Considering about half of Americans live paycheck to paycheck without savings, there's most likely going to be a massive housing crash in the US.

[Anonymous No.49282022]

>>49281981
too many people hope for a crash, that's why it won't happen, too many goyim would be able to buy a house and start a family, (((they))) will never allow it, ownership of anything, especially a home, is a thing of the past

[Anonymous No.49282095]

Why would you buy a house in a dying nigger country?

[Anonymous No.49282108]

Some of you fucks just don’t get it. These properties are being cash-bought up by hedge funds as part of a portfolio with no intention on resale, and if resold will be sold to another hedge fund as part of the portfolio. These houses are just being removed from the market because on paper they’re as good as cash or better. They might rent them out to make some easy money on the side but that’s all. The market will adjust but the reality is this has never happened before, where corporations are directly investing in single family homes as a commodity. Prior to this they bought up mortgages but owning debt means you could lose your ass if people don’t pay. This way they can artificially inflate the market almost forever and sell only to eachother, because they can. When the shit hits the fan the next time. That will be the law passed if there is one, to block hedges from buying these kinds of assets. Because the reality is they’re going to force everyone to rent if there isn’t one.

[Anonymous No.49282129]

>>49277607
>WHAT HAPPENS TO HOUSE PRICES DURING A RECESSION
Boomers lose their idle properties, and finally us working class young people can actually afford to own a fucking home.
Hopefully.

[Anonymous No.49282147]

The housing market isn’t going to crash. Likely scenario is very slow growth for the foreseeable but, for a variety of reasons, this shit is bulletproof because the powers-that-be want it to be.

[Anonymous No.49282183]

Houses have doubled in price in the past 5 years. 2008 only crashed by 30% lol.

[Anonymous No.49282205]

>>49282108
We are reaching schizo levels of housie cope

[Anonymous No.49282237]

>>49280420
Real Sr. FAGMAN here, bought a farm in 2019 in Yountville. You are fucking up. If you actually think you are going to survive at your company for 4 years, you need to stop fucking around with your paltry cash reserves and come up with a plan to cover your RSU taxes without selling to cover. You will not "have the paycheck" for acreage until your 5th year at the company, and you need to hope your share price and rural property prices happen to align nicely in the next few years after that.

[Anonymous No.49282565]

The final redpill is noticing that every globohomo policy is done with the aim of protecting and inflating house prices.

Immigration and energy policy are obvious ones. The education system and social engineering are others. But think about the COVID response. You'd think millions of dead boomers would free up housing, but it didn't. And with less immigration that would make it even better, but prices didn't drop. Why? Because globohomo stepped in and bought up property with their own money. In Australia, at the first sign prices were dropping, globohomo elected a left-wing government to start offering first-time buyers deals with government co-ownership of housing to drive up prices at the cost of everything sane.
Fucking globohomo man.

[Anonymous No.49282637]

>people cant take loans to buy
>people stop buying
>prices go down

[Anonymous No.49282665]

>>49277607
nothing, unless rates go up.

[Anonymous No.49282864]

>>49282565
We know that. The fact that boomers reversed fertility and obliterated birth rates means they can outvote every generation before them AND every generation after them. Protecting their only wealth, residential real estate, is the goal of all policy.

[Anonymous No.49282965]

>rates go up = no one selling, low inventory
>prices go down = investment opportunity for landys who can HELOC
>HGTV wannabes slurp the dip, paint the walls grey install vinyl flooring and relist for 100k more

theres just a million different reasons why this shit is never going to go down, even though i hope it does

[Anonymous No.49283452]

>>49277607
during a historical recession? house prices go down
during the one coming with hyperinflation? up they go up

[Anonymous No.49283499]

>>49279793
>deflation
lol

[Anonymous No.49283513]

House prices will just keep going up. Even if everyone else gets priced out, BlackRock and friends will keep buying.

[Anonymous No.49283564]

>>49282022
perhaps everything can and will crash while bread rises...
1929 --> 2029

[Anonymous No.49283593]

>>49277629

a lot of reddit zoomers in here believe this

a lot of people bought homes 9 months ago at ATH and are already down 25%

but don't participate in critical thinking, continue to blindly believe every word AOC/Bernie says

back to your cages, and have my rent payment on time

[Anonymous No.49283790]

literally zero chance housing keeps going up
someone here was bragging about buying a home for 125k, lol
for that price, you must be in a very shitty area
now you can say thats fine, you like your area. good for you
but what's gonna happen when the price of supplying that house with energy and food goes through the roof?
houses in these areas are going to become unlivable. enjoy it while you can

[Anonymous No.49283882]

>>49277995
The entire country isn't locked into 2% rates. Most of them have ARMs if they don't have a HELOC

[Anonymous No.49284020]

>>49277607
Why do brainlets think housing prices can continue outpacing wage growth forever?

This is the same dipshit narrative from 2005/2006 all over again and these faggots are drenched in recency bias yet continue to shitpost from their piece of shit particle board houses.

[Anonymous No.49284035]

>>49283593
Where has housing gone down 25%? Must be a real shithole that even Blackrock doesn't want.

[Anonymous No.49285189]

>>49277607
>normies lose their jobs and are foreclosed on
>Big corps like blackrock swoop in during the foreclosure and purchase the home for pennies on the dollar using money borrowed from the fed at 0.1% interest rates
>these corps buy out entire areas so they can control rental prices

I'm not making this up, this is what they did in the 2008 crash

[Anonymous No.49285594]

>>49277995
>2008 "crash"

Housing markets literally fully recovered within 15 months to their precrash average

[Anonymous No.49285729]

Gonna have 200k in cash for a down payment by next winter. HCOL area.

Am I fucked or in a good spot?

[Anonymous No.49285989]

>>49284020
>recency bias

[Anonymous No.49286022]

>>49285989
nothing about your graph contradicts recency bias
this board is so dumb, why do i come here

[Anonymous No.49286373]

>>49285989
It honestly looks like between 1980s and the 2008 housing crisis the correction was more drastic. Whatever, if anything pumping them to clown world prices might actually be a good thing in the long run.

[Anonymous No.49286470]

>>49285729
Fucked.

200k,

1 million house.

At this point, you should work on your own real estate lciense so you can neg by yourself and discount closing cost points - $300-400 test, will save you 3% (really 2.5% because your brokerage will want .5% )

Yes, sellers pay the cost.
But 3% of a million is 30k. Just to submit an offer on basic rider saying you wavie all contigences w/ earnst money.

Fuck brokers, fuck sales agent and fuck the system.

T. Did this myself, work for FAANG bored as fuck, got my own license and made and won 3 offers on fix and flips and my normal home. Saved 50k over all 3 and when I sell, I list myself via disclouser and don't charge myself to sell, and offer 2% fixed rate - sold one place, no issue.

PNW

[Anonymous No.49286896]

>>49281981
the people living paycheck to paycheck arent the ones that own homes

[Anonymous No.49286954]

>>49286470
I can tell from this post you are super based but where can a brainlet like me start on getting their own real estate license? The only place I know is paying that youtuber meetkevin several hundred dollars for his online course but fuck that shit .

[Anonymous No.49286962]

>>49286896
Not even close to true in America. Debt maxing is the American way. Tbat gose duble for the houses and cars people buy.

[Anonymous No.49287421]

>>49278083
lol who wants to live in that pozzed shitfest where you are either surrounded by faggots that cross-dress to their think tank or nignogs that gunna shut you fo yo jordanz nigga.

[Anonymous No.49287498]

>>49278415
You do realize that it doesn't matter if housing prices crash or not for most investors right?

[Anonymous No.49287507]

>>49287421

the rich people in dc are literally all old white people like every other area of the country

[Anonymous No.49287518]

>>49279346
Those are closings. That's for homes that went into escrow in Jan/Feb. That data isn't up to date. Interest rates were under 4% then.

[Anonymous No.49287533]

>>49286896
lol how fucking dumb and out of touch are you
nobody who owns a home is living paycheck to paycheck?
stop posting, sweetie

[Anonymous No.49287588]

>>49277629
2008 called, not true

[Anonymous No.49287628]

>>49277607
>>>49277629 >>49277664 >>49277905 >>49278197 >>49278265 >>49278283 >>49278295 >>49278309 >>49278713 >>49279346 >>49279474 >>49279793 >>49279826 >>49279913 >>49280378 >>49280488 >>49282129 >>49282665 >>49283452 >>49284020 >>49285189
Blackrock and other hedge funds and publicly traded companies buy up all the "investment properties" while nothing else happens because there's a shortage of housing

[Anonymous No.49287652]

>>49277607
listen to me, faggots. and listen well.

HOUSES ONLY GO DOWN IN VALUE WHEN THE HOMEOWNER DOES NOT TAKE CARE OF IT.
or when niggers move in next door.

[Anonymous No.49287691]

>>49287533
What? You know people have mortgages, right?

[Anonymous No.49287699]

>zoomers high on hopium think they'll get to buy houses at a discount

oh no no no zoomzooms what went wrong LMAO

[Anonymous No.49287702]

>>49286954
it's really easy. I got one in california and all I had to do was take 3 online courses and pass the final exams with at least a 60% lmao. Then I was eligible to take the state test and I passed and got my license. It's so easy to get a real estate license which is why it's a meme license. Almost every uber drive I have spoke to tells me they have a real estate license/works as a realtor lol.

It took me almost 2 months from start to finish to get my real estate license and you could probably do it quicker if you just focus on that (I got mine while I was going to college lmao).

[Anonymous No.49288753]

>>49287518
>california
>lack of supply
>1000+ homes available in 200 mile radius

>mobile homes over 100k
>regular homes with one bedroom 200k+
>regular homes with 2 bedrooms 250k+

thats including condos

not including them they start at 300k for a shit shack to 2 mill for a mc mansion

regular homes are from 500k to 1 million 2+ bedroom or bathrooms
>mfw home searching

[Anonymous No.49288772]

>>49288753
>>49287518
Wrong post my bad

[Anonymous No.49290489]

>>49282637
thank you for the simple answer

[Anonymous No.49290857]

>>49279474
I bought my house for 80k many years ago. Last year someone added a sale price of 400k to the record on Zillow. I assume trying to raise the average price of the whole area.

[Anonymous No.49290907]

I don’t see prices going down whilst supply is still so low, we’d have to see inventory free up which could take years. I think we are going to be waiting until 2025-2030

[Anonymous No.49291939]

>>49277607
Land prices go down high prices go up, apartments go down.

[Anonymous No.49291958]

>>49291939
House*

[Anonymous No.49291960]

>>49277629
kek

[Anonymous No.49292362]

>>49277607
Depends.

Fhb stock in new developments can crash.

But in an established wealthy area prices will stay steady.

The reason being boomer suburbs the mortgages are paid off or mainly paid off so they just hokd cause why sell in a recession?

But new suburbs where there is an oversupply. Buyer have bought with a 1% deposit. As soon as job losses or rates rise they are forced to sell at a loss. This worsens the oversupply issue and prices come down.

Think about it. You dont see houses in SF selling at half price in a recession. Where is it? Some development out in the middle of Arizona desert where they built 10,000 homes in one go.

[Anonymous No.49292399]

>>49277760
What you might be seeing is the median price come down.

This is because the cheaper entry level houses sell more in difficult times than the better properties.

Just be careful to ensure youre comparing apples with apples not with oranged.

I dont know your suburb.>>49278083
See this anon who mentions a high end suburb. Theb see my previous post>>49292362

[Anonymous No.49292537]

>>49279610
damn so like btc going down right now is going to hit 2008 levels too?

[Anonymous No.49292545]

I bought my house for 405K in January. The ZESTIMATE (TM) is now $455K. Hmmmmmmmmm I don't think it's sustainable. I bet it drops down to $320ish in the DUMPening. It doesn't matter because it will be back to over $400K+ within 2 years.

[Anonymous No.49292565]

>>49287588
That was a black swan event and not likely to repeat for a long time.

[Anonymous No.49293245]

>>49287588
House prices are higher now than they were in 2008, even inflation adjusted. Most people do a 30 year loan on their home. People don't trade homes like stocks. Just doesn't work like that.

[Anonymous No.49293314]

>>49277607
Will I finally be able to buy a house for cheapies?

[Anonymous No.49293345]

>>49277629
FPBP.

You'll always be a rentoïd OP.

[Anonymous No.49293365]

>>49278017
They'll sacrifice something else (new car loan, etc...).

[Anonymous No.49293553]

>>49280420
>I'm going to hedge my FAANG employment by dumping my cash into other risky tech
>t. a retard

[Anonymous No.49294110]

>>49287628
Now the houses will be converted to pod housing.

[Anonymous No.49294514]

bought my house at the absolute top for 150k (25%) over asking and never coping. i madeit from link & linkpool, so was able to pay cash.
don't give a fuck if it crashes. don't give a fuck if it goes up. got my 20+ acres and a fully renovated home inna newengland woods and comfy as can be. feel bad for the rentcucks, but don't see a huge crash coming. rooting for you boys, though!

[Anonymous No.49296119]

Home prices go down
Interest rates go up
Net result = same or increased mortgage payment

You win nothing.

[Anonymous No.49296371]

>>49279898

>lower densities increase prices

Its just a scam pump. It doesn't require le epin macro take on it.

[Anonymous No.49296936]

>>49282565
Oi dickhead, 40% equity share is price capped to median property values in metro areas, and only available for 10,000 buyers. They're injecting $120M a year where the value of newly built houses is about $5B a year.

The prev. government was campaigning on allowing zoomers and millenials to use their superannuation to buy houses, which in reality means their 10-30k in super gets used for bullshit 2% deposit variable rate mortgages, keeping the status quo.

[Anonymous No.49297012]

>>49296119
Today anon will learn about refinancing mortgages.

[Anonymous No.49297341]

>>49283882
>most of them have ARMs
Almost nobody has an adjustable rate in the US you foreigner retard

[Anonymous No.49298156]

Here is the Case-Shiller home price index chart. The gray areas of the chart are recessions, so you can see what house prices are doing when the economy sucks.

[Anonymous No.49298354]

>>49287628

>he isn't a large stakeholder in Blackrock

[Anonymous No.49298415]

I bought a house at the top of the bubble but I dont care because I will live here for 10+ years minimum and surely by then it will be more valuable nominally than today.

the amount of people out there 'waiting for the dip' is why there will not be a dip. If you can buy a place to live then do it. Leave your renter mentality behind and set down some roots