/biz/ - Business & Finance

[Anonymous No.12530483]

>WHY ARENT THEY BUYING OUR BAGS
>THIS WAS SUPPOSED TO GO UP FOREVER

[Anonymous No.12530501]

>>12530483
WHY IS THE GOVERMENT NOT DOING ANYTHING ABOUT TH-
oh right

[Anonymous No.12530508]

When crash frens? I'm ready to scoop up auctioned forclosures

[Anonymous No.12530520]

>>12530483

>raise interest
>home sale slows, as affordability decreases
>act surprised

???

[Anonymous No.12530529]

>>12530483
My city went up that month :) Don't buy a home now unless you're in a booming city.

[Anonymous No.12530534]

>>12530508
I wish, but even then I can't take advantage of this anyway because I'm still poor. Sucks man

[Anonymous No.12530582]

>>12530483

>t. neet incels get mad at people who made it on crypto or have good jobs and bought houses

Whew

[Anonymous No.12530632]

>>12530483
Thanks Danald !
Fed rised interest.
Honest folks can't afford anymore houses.
The world ia economically rekt.
Thanks Danald !

[Anonymous No.12530658]

>>12530483
>charge 100-500k for homes that rises 10% annually
>pay people the same, or less
>wtf why aren't they buying these homes

[Anonymous No.12530660]

>>12530632

>Danald
>Raise interest

You mean the jews running the Fed.

[Anonymous No.12530742]

>>12530658
Real estateconnnnneeeeeecccctttt

[Anonymous No.12530749]

>>12530632
I hate trump as much as the next guy but this one isnt his fault. This shit was gonna happen regardless of who got in at the top.

[Anonymous No.12530753]

people were just having christmas. I mean who moves in december

[Anonymous No.12530774]

>>12530753
People who want to be in a new home come January.

[Anonymous No.12530779]

Lmfao, and you still see brainlets consistently posting here to buy real estate like it's the alpha investment. Get fucked

[Anonymous No.12530952]

>>12530534
Its a zero sum game. If you had the money to buy, you'd get stuck paying ridiculous property taxes and repair bills on the house. Its easier to rent and learn all the laws to make sure your landlord can never fuck with you. Invest whatever extra cash you have into BTC and the S&P...its borring but you're guaranteed to make it after a few years.

[Anonymous No.12530959]

>>12530658
Post yfw the flipping scheme crumbles because one year the price eventually raises more than people can afford and the boomers finally boom themselves

[Anonymous No.12530991]

>>12530952
I have 0.66 BTC right now and 1500 in pure cash (no bank account at the moment), yeah it's not amazing but I only earn 250 a month so I'd say that's being really well managed desu

[Anonymous No.12531037]

>>12530991
Its better than having 100k in student loan debt, with a car note and rent on top of that. Youre doing well Fren.

[Anonymous No.12531215]

>>12530991
Move to germany for gibs fren

[Anonymous No.12531253]

>>12530779

All investment have potential to make money and risks associated with it, Real Estate is no different.

With this said, despite the slow down in sales, house price are still forecasted to increase, especially entry level houses are expected to increase by upward of 8%. Affordability will continue to decline, which means more renters, so rents should see a slight upward trend too.

[Anonymous No.12531356]

>>12530660
No, I mean Danald, you Meme
>>12530749
It is Danald and you can't change ny mind
Weren't fir the eco omoc war amnd gov't shitdown we weren't in this crysis

[Anonymous No.12531395]

My boomer parents just closed on a house two weeks ago. Jewed the sellers down from $840k to $760k. It had been on the market for a few months at this time. Then the appraiser said it was worth $720k and the sellers tried to challenge him but failed. The sellers ended up selling for $740k mostly because they had to as the guy lost his job after his new one got bought out.

So I think a lot of appraisals are coming in way lower than expected and so people are choosing to not sell.

[Anonymous No.12531409]

Because home prices are around ten times what they should be???

Because nobody can afford them???

[Anonymous No.12531424]

>>12530632
The houses are expensive because of the decade of QE and stupidly low interest rates. You can thank (((Bernanke))) and (((Yellen))) for that. Bernanke called this the "Wealth Effect", pump houses, stock market, etc to make older people FEEL richer and hope they spend more money but at the cost of making younger people ACTUALLY much poorer. Overall net effect has been a massive reduction in disposable income and the sharpest increase in inequality in the developed world, ever.

[Anonymous No.12531427]

>>12531395
"I know what I've got, and I'm not selling for less"

[Anonymous No.12531468]

>>12530483

If easy borrowing and foreign Chinese investment stop then the housing market will collapse. It’s the only reason why prices are so high. Raise rates to 8% and there will be a crash once retards can no longer borrow 6x their annual income.

[Anonymous No.12531469]

Honestly think the Bitcoin crash has destroyed confidence in all overblown assets, like literally everyone heard about it on the news

[Anonymous No.12531473]

>>12530483
good news! in a few months the defaults will stagger, maybe in a year or two its the time to buy real estate for cheap

[Anonymous No.12531509]

>>12531424

This. QE forced younger buyers into indentured servitude to boomers as the asset values of boomer houses skyrocketed and zoomers had to now borrow half their lifetime income to afford a ridiculously overpriced shack.

[Anonymous No.12531569]

>>12531473
Please be true.

t. Leaf

[Anonymous No.12531597]

>>12531424
>>12531509
Why then zoomers don't buy land in bumfuck nowhere and build themselves a cheap house. That's what boomers did. They either bought or built homes in the suburbs, 40 years ago, when they were in a wasteland 20km from the cities. In the meanwhile infrastructure developed, mode houses were built and guess what ? Prices pumped. Boomers didn't become rich during the QE, fren.
My point is zoomers are fucking lazy and entitled.
>Oh noes, this boomer house costs $800k. I will never afford one with muh job at the welfare programmes for niqqers.
You could build a house for $30-40k easily. The land would be $10k for 5k sqf.

[Anonymous No.12531614]

>>12531215
Mfw I am already in Germany lmao.
Apprenticeships a shit (no minimum wage, work 7 days a week sometimes), and I'm not brown enough for gibs. Also I find that food and fuel is expensive as fuck compared to England

>>12531037
When you put it like that I guess it could be a lot worse. I have a 50cc moped that gets VERY good mpg and insurance is like 8 euros a month, definitely glad I sold my car.

[Anonymous No.12531713]

>>12531597

My boomer grandfather bought a single family house in the 60’s right outside the DC city line as a 20 something engineer making 65k in today’s dollars. There was no traffic back then because there just weren’t that many people. Now you have to move literally 60+ miles away from DC to afford a house on a 65k income and you will be commuting 3-4 hours a day which will destroy you physically and mentally. To afford a house in my grandfathers neighborhood now you have to be making 250-300k minimum and traffic is awful even where he lives just outside DC.

You can’t win today. The biggest problem is all the good jobs are concentrated in the top 10-20 cities in North America. If opportunities were spread out more then people would be able to just move far out and still have a sane lifestyle with a good job, but instead EVERYONE has to work in some geographically tiny area which leads to congestion hell and sky high living costs.

[Anonymous No.12531781]

>>12531597

Boomers already commute 1 hour+ in major cities, and you think the new generation should be commuting 2-3 hours so they can afford a home? lol. Nah faggot. Enjoy your crash. Nobody deserves a fat retirement just from mortgaging a house and being a NPC their entire career.

.t - someone whos family is worth 10mil from dumb ass regan letting my dad who made 10 bucks an hour leverage 1 million in loans for rental property in the 80s with an average down payment of 500$

[Anonymous No.12531782]

>>12531424
>>12531509
this
filthy boomers benefited from the kikes printing money because they already have their houses while our generation is forced into rentcuckery to debt slavery for 30+ years

better to buy a property in the woods and build a comfy off grid cabin, there is no point ratracing in this losing game where the kikes and boomers will always fuck oveer the younger generations