Boomer housing market.. what do?

[Anonymous No.14997345]

Are you going to buy a house now so that you don’t have to keep doing shit tier rent or are you going to wait until the boomers start to die and sell their homes, crashing the housing market?

[Anonymous No.14997355]

>>14997345

Retirement funds are broke, so are banks. Soon you can buy houses for almost nothing.

[Anonymous No.14997392]

>>14997355
How long? I want to buy a townhouse with 4 homes in it so I can rent out the other 3 for income till I die

[Anonymous No.14997464]

Right now is akin to buying before the financial crisis. Homes are so overvalued it’s not even funny. Shit box ass homes are going for 200k+ whereas a few years ago the same home was maybe 120-130k, rent anywhere worth living that isn’t nigger infested is 1200/month +. The banks and financial institutions literally own all the homes. Subprime mortgages are being given. It’ll come tumbling down soon enough where the old ass Jews can’t pump their scheme anymore by just printing money and buying each other’s assets with free confetti Jew USD. Minimum wage is like $8.50 and loaves of bread are 3.99, something has to give

[Anonymous No.14997498]

the game were all playing now is a waiting game.

wages are stalled.
debt ALL TIME HIGH - school, car loans, loans
stock market - ALL TIME HIGH
OVER SATURATED JOB MARKETS
OVER PRICED COMMODITIES/ASSETS
CREDIT BUBBLE LIKE NEVER BEFORE SEEN

just waiting anon. its all going to unravel so fucking quick.

[Anonymous No.14997594]

>>14997392
You have to wait 10 years and then the whole bubble will burst.

[Anonymous No.14997620]

>>14997464
I'm in my early 20's, living with me mum. I thought 1200 was a meme. Nope. Even in a small-mid size city like mine, friends paying 1200 for a shitty 3 bedroom in the ghetto. 600 for the cheapest studio/1 bed, no utilities. also in the ghetto.

How the fuck do people pay that kind of rent. Would rather live in my car or a tent.

[Anonymous No.14997933]

>>14997594
Fuck bro. I really don’t want to wait 10 years... I hope something happens in like 6 or 7 years. Every year I wait lowers the lifetime value of renting, but obviously if I buy overvalued property then I’ve made a retard tier mistake

[Anonymous No.14997950]

>>14997345
Housing prices won't go down when boomers die. Their kids will live in them and speculate on them, creating a new elite aristocratic land owner class.

[Anonymous No.14998042]

I'm my area it took like 3-4 years from the "2008 housing bubble" for prices to bottom out. I was looking at the house I eventually bought, a short sale, in 2012 and right before I put in a bid it dropped another 10%+. Bought for $95k and just sold it for $180k. Currently using profits to play with crypto while crashing with mommy and figuring out my next move.

[Anonymous No.14998589]

>>14998042
nice

[Anonymous No.14998698]

>>14997950
Perhaps..

[Anonymous No.14999015]

So some are saying that a bubble is imminent and some are saying that this isn't bubble territory at ALL because the prices of homes havent outpace thier intrinsic value. Who's right? It sounds like boomers talking on the second point but I can see what they mean a bit. People will always need a place to live, however i feel that it's more complicated. Anyone smarter than me have a take?

[Anonymous No.14999774]

>>14999015
I mean I know that the people owning the real estate are trying to ensure their property values maintain, but without sufficient demand it will be impossible.

The question is when will demand become low enough that prices drop? Will people even sell homes if demand goes down enough or will they just hold onto them? I sure as hell wouldn’t sell if I didn’t have to.

[Anonymous No.14999791]

>>14997355
LOL
Keep dreaming you miserable faggot