[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 91 KB, 683x1024, 88796_002.jpg [View same] [iqdb] [saucenao] [google]
10375135 No.10375135 [Reply] [Original]

Housing crash when?

I have 250k ready for a house but I can't find anything decent in ATL for under 300K.

>> No.10375147

not for awhile, at least not in the US.

>> No.10375157

>>10375135
Within 8 months. Prices won't bottom out for a few years minimum though.

>> No.10375162
File: 28 KB, 355x250, E124ED30-7D85-4858-BE10-3C1F6EEEA4CB.jpg [View same] [iqdb] [saucenao] [google]
10375162

Housing crash when roofing bad

>> No.10375203

2020 per Ben Berneke. Market is held up by institutional buying as a result of tax breaks coupled with he reintroduction of subprime mortgages. Once investments are reduced we will see significant pullback

>> No.10375310

2012: "Crash is coming!"
2013: "Crash is coming!"
2014: "Crash is coming!"
2015: "Crash is coming!"
2016: "Crash is coming!"
2017: "Crash is coming!"
2018: "Crash is coming!"

Maybe one day they'll be right. Until then, I'll keep riding this bull.

>> No.10375419

On a side note I think Australia is heading for a rental crisis sooner than the rest of the world. Huge unreasonable amounts of housing developments in the form of unit blocks that house 100's of people are being built in Sydney over the past two years. These poorly built apartments are sold off the plan years in advance and promise huge rent returns that simply isn't feasible in the long run.
Well within the past three months a lot of these apartments are going vacant with owners slashing rents in hopes of luring some poor sucker in. Our rental websites are beginning to become flooded with these listings. Funny because the bulk of these buildings haven't been completed yet.
In the local shopping centers they are selling 'shares' in apartments "from only $80 a week" to idiots who can't afford a mortgage but want to get in on the $500 a week they promise for this new booming 'luxury living'.

It isn't heavily known that the rents are crashing rapidly as new investors are starting to panic and the mainstream media aren't giving it even the slightest bit of attention.

>> No.10375439

>>10375135
when the government stops artificially propping it up with shit like fannie & freddie, zoning bullshit and muh nimby and beach view.

>> No.10375517
File: 266 KB, 640x628, 1532275753238.jpg [View same] [iqdb] [saucenao] [google]
10375517

>>10375135
>Housing crash when?
Its impossible to predict Anon, so much fraud keeps the fraudulent system workin. I thought 2008 should have been much worse but the reality is ppl don't want to know how it works. The normans simple belief in the system is keeping it running they don't care about the fraud...

The only real answer is when ppl won't buy things as they are to expensive. Just had first round of interest rate hikes supposed end of QE i.e buying stocks to push up the stock market. It all depends on the people buyin the this crap

>> No.10375552

>>10375135
Go figure. Most likely it will be a correction not a crash. Prices seem to be hitting their ceiling atm and can slow down or even slightly pull back but i wouldn’t count on any major crash like 2008. We are entering the new age of a few landlords something like pre WWI

>> No.10375573

She's a porn star, r-right anons? Name for research porpoises?

>> No.10375613

>>10375573
She fucks BBC, do you want to destroy the white race? Stop giving this type of porn your mental energy

>> No.10375651

>>10375573
Angela white. I wanna feel like a patriot by jerking off to aussie women but as >>10375613 says, she burns the coal

>> No.10375666
File: 6 KB, 221x228, 1367362834308.png [View same] [iqdb] [saucenao] [google]
10375666

Am I stupid for renting? Can't afford a house in my euro country in this insane market.

>> No.10375692

>>10375419
not with 500000 extra people a year it wont. that 200000 extra in Sydney so 4k a week. 1/2 from immingration , 1/2 from population increase

>> No.10375742

>>10375666
no for fucks sake. half the shit on this board is larping or lucky faggots.

>> No.10375931

>>10375573
I remember she wanted to do a dogecoin porn back in jan 2014. Not sure if she went through with it or just wanted to market her shitty site.

>> No.10376062

>>10375692
>t. reverse geared boomer

>> No.10376088

>>10375135
I live in alpharetta

>> No.10376169

>>10376088
Marietta. Just finished a job in Alpha. It's alright but for being so far from the city it sure is fucking expensive.

>> No.10376187

Buy outside ATL and drive u cuck

>> No.10376199

>>10376187
see
>>10376169

Unless you live outside the city you are paying 300k+ unless you want to live in a shack.

And living outside the city by an hour means a 2 hours commute to work. Fuck that.

>> No.10376217

>>10376169
I dont think housing will crash in ga kek. So many people flocking here

>> No.10376234
File: 66 KB, 800x600, 1402095274284.jpg [View same] [iqdb] [saucenao] [google]
10376234

>>10375135
You fucked up, the central banks are going to keep pumping western civilization to inflate the massive debt away

By 2020 the average house will be 600k
By 2025 the average house will be 1 million
By 2030 the average house will be 2.5 million

Wages will rise 2% annually while official inflation will be 3% annually, but in reality closer to 6% annually

>> No.10376298

3-4 homes on my block alone popped up for sale within the last few months. they’re still for sale now

>> No.10376311

>>10376298
Where do you live?

>> No.10376370

>>10375666
There's nothing wrong with renting, Satan.
Not everyone can afford a house

>> No.10376397

>>10375419
https://medium.com/@matt_11659/matt-barrie-australias-economy-is-a-house-of-cards-6877adb3fb2f

Australia is completely fucked, Canada too

>> No.10376401

>>10376234
Inflate the pain away.

>> No.10377168
File: 458 KB, 671x485, 1473910190711.png [View same] [iqdb] [saucenao] [google]
10377168

>>10376401

>> No.10377189

>>10375135
When enough boomers die-they are dying at a pretty good clip and make up the biggest demographic. With Trumpy stomping immigration demand will fall.

>> No.10377263

>buying a house in cash
why? that’s a horrible investment. Get it financed pay 50k for the down payment and give the remaining 200k to your finance guy so he can put it into something with a real RoR you fucking imbicile.

>> No.10377446
File: 206 KB, 900x900, 1477476994745.jpg [View same] [iqdb] [saucenao] [google]
10377446

>>10377263
yes goy, pay a "portfolio manager" to take care of your money.

>> No.10377466

>>10377446
yeah dude just let a fucking quarter of a million dollars sit in your fucking checking account for that fat 0.05% annual return you might make five whole dollars!!!!!!!!!!! wow

>> No.10377578

depends on the country doesn't it? the uk and us house markets seem very different.

>> No.10377643

>>10377466

better than "investing" and losing all your money... if investing was easy then everyone would do it

>> No.10377658

>>10377643
everyone DOES fucking do it who has more than 50k in liquid cash and doesn’t buy into retarded fucking /pol/ memes about le kikes you fucking mouthbreathing retard

>> No.10377673

>>10375135
youd be better off buying SQQQ or shorting TESLA(which is going bankrupt)

>> No.10377679

>>10377658

ok nigger, you have $50k right now.. tell me where to invest it all.. ill take note and laugh in a week when i'm down 10%

>> No.10377713

>>10376217
This is true, but only if the boomers in the high taxed north states cannot unload their overpriced homes.

I just moved from Chicago to Columbus, GA and my parents visited over the weekend. They have their home on the market since early June and only had FIVE showings. The market is DEAD in the Chicago suburbs. And this will hit like a stack of dominoes to other places like the south.

>> No.10377732
File: 181 KB, 563x821, 1486723935996.jpg [View same] [iqdb] [saucenao] [google]
10377732

>>10377466
>its black or white guise!

the absolute state

>> No.10377760
File: 33 KB, 480x454, 1475282390508.jpg [View same] [iqdb] [saucenao] [google]
10377760

>>10375135
>tfw she has been in the porn industry for quite a long time now

>> No.10377792
File: 5 KB, 153x223, panic.jpg [View same] [iqdb] [saucenao] [google]
10377792

I'm so scared of buying at the top. Is it really just a dice roll?

I personally know so many people that bought in 07/08 and got absolutely wrecked. Some of them have sworn off real estate altogether.

>> No.10377814

>>10375135
Just go out further to Kennesaw or Acworth. You could buy a 5 bedroom, 3.5 bath house for that much.

>> No.10377824

>>10375135
$250k would get you a nice pile of crap in the denver to fort collins areas

>> No.10377826

Where in Atlanta are you looking OP? Probably you'd have better luck in the burbs

>> No.10377833

>>10375419
a lot of people don't want to move into those new apartments to
they are so fucking poorly built it isn't funny. marketed as luxury but the entire building smells like shit and the car park is flooded with sewage once a week

>> No.10377848

>>10375692
even in sydney
these apartments are being built in the inner west and western suburbs. only pajeets move into them. no one wants to live there and from exoeti3nce I've known several people to cut their lease short without repercussion because of constant problems with plumbing and electricity

>> No.10378310
File: 170 KB, 940x705, House price to income ratio graphic.png [View same] [iqdb] [saucenao] [google]
10378310

justed

>> No.10378381

>>10375666
Better to rent and invest the money you saved.

>> No.10378426

>>10377848
Same view. Walls cracking, constant plumbing leaks, bad odours. The Pajeets that flood them couldn’t care less about keeping the places tidy. Absolute low quality living that is starting to become the norm unfortunately. I’ll post a photo of Hurstville near where I live a little later if this thread is still alive.

>> No.10378462

>>10375666

No, it's important to continue to pay rent and taxes so the government can build new luxury welfare housing for achmed and his 3 wives/14children. To complain about your current state would be racist.

>> No.10378484

>>10378426
hurstville is a perfect example of these shitty buildings. some that have been built this decade look like attack zones in syria. when I moved to Sydney a couple years ago I was looking at places like that, but working in construction and speaking to builders that have ran the projects... nope. still I was skeptical about how bad they could be until my dad moved into one (cheaper than my 60s built apartment) and his car park was constantly fooded with sewage from pipes bursting every single weekend.

>> No.10378503

>>10378426
I feel for you strayans. I spent some time in syd and nz and it was so lovely and perfect, like a tropical, cheekier britain but your boomers have fucked you raw for the chinese dollar. Literally sold your generation down the river for muh house prices, and they won’t be around for when half the population is chink and oz is gone. Y’all have it worse than the states in some regards, our hinterlands are habitable at least.

>> No.10378510

what is the sluts name?

>> No.10378530

I’m renting and saving money, should have about 100k saved up by the end of 2020 hopefully. Come on big crash.

>> No.10378701

>>10378510
>>10375651

>> No.10378726
File: 117 KB, 1830x664, 1501878510216.jpg [View same] [iqdb] [saucenao] [google]
10378726

>>10377466
>>10377263
Just buy an S&P 500 ETF, management fee of 0.04% and average annual profits of over 10%.

>> No.10378812

Hey im in ATL too! OTP

>> No.10378851 [DELETED] 

>>10377792
wait for correction in the next hour

>> No.10378859

>>10378726

What website is this?

>> No.10378865 [DELETED] 

>>10378851
fuck I need to sleep

>> No.10378870

>>10378859
blackrock's australian site.
blackrock.com/au/individual/products/275304/ishares-s-p-500-etf-fund

>> No.10378872

>>10375135
gimmie a quick rundown on milkies. does a taller/larger/biggerbreast woman generate a larger amount of milkies?

>> No.10378933

>>10375135
It won't. Only regional markets will crash while laundered money finds new targets. As long as populations are increasing and urbanizing and debt is being inflated away, real estate will outpace inflation. Western markets that are flush with HAM are in danger though.

>> No.10378991

>>10375135
i'm in ATL too. Just trying to find decent rent without having to deal with a massive commute to the inner city. What a nightmare.

>> No.10378997

is stone mountain a bad place to live? I recently moved here and I'm not sure where to scope out

>> No.10379005

>>10375135
Big fucking tits.

>> No.10379675

>>10376397
when is canada fucked? I got 150k in cash from crypto gains but i dont know if i should buy a house or not

>> No.10379722

>>10375135
why are you looking for a house in the nigger capital of the USA?

>> No.10379770

Born and raised in ATL get out while you still can

>> No.10379796

>>10375135
check out oregon. or montana

>> No.10379980

Thanks for the pic OP, now i need to jerk off to some BLACKED porn.

>> No.10380056

>>10379796
whats the catch in oregon
price for square feet in suburbs between cities and outdoors seems really damn good

>> No.10380074

>>10375419
>>10376397
The chinks are gonna jump on at as soon as it collapses

>> No.10380111

>>10376234
>still thinks dollars will exist by 2030
>doesnt know crypto liberating global landscape of economy by 2020
>still believes central banks will exist

>> No.10380345

People are seriously complaining that a porn star fucked black guys?
Hahahaha.

>> No.10380718

Am i the only one here ITP?

>> No.10380782

>>10380718
you're brave anon. that city is going to total shit and will only get much worse over the next decade. i'm from stone mountain and watched it turn from a nice white area to a shithole from the 90s to the 2000s. i live in athens now and am probably moving to the pac nw sometime before 2020.

>> No.10380822

>>10380782
I live in an ivory tower. I wouldn’t insider living amongst nig nog groundlings if I was gonna be here

>> No.10380836

>>10380822
doesn't matter where you live fren. nigs will totally control atlanta by 2030. they will be all over every neighborhood itp. i would honestly consider buying a bunch of land somewhere else in GA. cities are going to be less and less important over the next decade as automation and AI start dominating our lifestyles.

>> No.10380855

>>10380836
I have about ~1000 acres in south ga. I have no plans of leaving atlanta atm. It’s already majority black. I don’t think things are gonna get Armageddon bad. It’s not like when the Jews ran atl it was much different

>> No.10380873

>>10380855
nice. how much did the 1000 acres run you?

>> No.10380972

>>10377792
Buying a house now is like buying Bitcoin in December.Even in this thread some are talking about how prices aren't going down, it's going to keep going higher and higher for years to come Sound familiar??? Just hold your cash, be patient.

>> No.10381013

>>10380873
About 2 million

>> No.10381043

>>10377792

Yeah, wait because this can't go for long. I am selling my property now and gonna wait for discounts in a few years

>> No.10381476

Dont buy a house if you have the cash retard. Literally the worst investment. You can make 10-20k a year off interest or make 5-7k a year off rent and you get all the shit, taxes idiots who dont pay etc. So you want less money and more trouble? Stop believing the boomer real estate meme. Buying a house is one of the reasons many people die poor.

>> No.10381850

Crash already started in Europe.
It's a slow crash not an implosion. An implosion would mean people live on the streets. Why do you think the UK is ejecting ?

>> No.10381948

>>10381476
>You can make 10-20k a year off interest
how?
considering inflation of course

>> No.10382279

>>10378726
>buying the top

>> No.10382301
File: 606 KB, 1416x1600, 1523010019771.png [View same] [iqdb] [saucenao] [google]
10382301

>>10378462

>> No.10382328

>>10375135
Not this tramp again. All the beautiful women in the world and this mangy trashy cumbag keeps getting posted, not only that put she's a nog-jockey too. Expand your horizons biz

>> No.10382498

>>10375310

they are right in that at some point between now and the heat death of the universe there will be a crash

>> No.10382535

>>10377263

this is the only good advice in this thread.

houses are the only 1 to 5 leverage available to normies. it means that housing's lame 5% gains net you 21% (5% X 5 - 4%) easily outperforming indexes. they are a shit tier investment in every way but leverage is the most powerful tool in getting rich

>> No.10382558

>>10375666
well, it's better than living with your parents sometimes