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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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16863580 No.16863580 [Reply] [Original]

What are you waiting for anon? Prices are going up...

>> No.16863594

>>16863580
Pls gib 2008 again

>> No.16863595

>>16863580
For prices to go down maybe?

>> No.16863618

>>16863595
Not gonna happen...

>> No.16863626

>>16863580
I'll rent till the bubble bursts. If it never bursts it doesn't matter. I don't plan to have children, I might as well rent, it's cheaper and less stressful than being a mortgage slave.

>> No.16863653

>>16863618
Hah I guess you're right. Prices are just going to go up forever.

>> No.16863702

>>16863653
Pretty much, it's called appreciation + inflation

>> No.16863712
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16863712

I'M GETTING HOUSE FOMO, FUCK

I NEED A MORTGAGE APPLICATION

>> No.16863763

My realtor told me I was selling the top in 2017 wtf. Why did he lie to me.

>> No.16863995

The next real estate recession is gonna make 2008 look like a minor speed bump. I am gonna buy up at least 10-15 properties next-time around

>> No.16864002

>>16863763
Because someone wanted your house and they could sell it easily

>> No.16864332
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16864332

>>16863580
closing on my house this Friday. feels good man.

>> No.16864357

>>16864332
>Buying at the top
Why does /biz/ do this

>> No.16864385

Bought one back in October for 3.0%

Feels good

>> No.16864515

>>16864357
Kek, let them...what else are they supposed to do with their money. I’ve never seen so many millennials closing on houses like I have in 2019. The banks are desperate are are really starting to loan again.

>> No.16864828

>>16864357
>>16864515
perpetual doomers will literally never make it. mortgage is cheaper than my current rent for a smaller place plus it's a big enough house that I already have a renter lined up for one of the rooms. get fucked

>> No.16864863

>((((((((((((((((CNBC)))))))))))))))))

>> No.16864876

>>16863702

Thats what they thought in 2006.

>> No.16864877

>>16864828
Won't mean shit when everyone systematically LOSES THIER JOBS

>> No.16864942

>>16863580
So the fomo begins for buying a house. Prices go up to get the highest bidder. But once all of them have a house what happens with the price? What happens when prices fall to pre-fomo prices but there still aren't enough buyers compared to sellers?

Not buying a house at the moment especially when I don't even have rent.

>> No.16865054

>>16863626
>less stressful
I didn't think renting was bad until apartment management didn't renew my lease because they wanted to renovate the unit, so I was forced to move out.

>> No.16865124
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16865124

>>16863626
mortgages aren't really stressful unless you overextend yourself or something. what's stressful is dealing with contractors. where I live (probably everywhere) they are the greediest bunch of lying retards I've ever seen. these mother fuckers charge $200+ per hour for unskilled labor, and they lie through their fucking teeth about what they are even going to do.

boomers whine about electricians and plumbers ripping them off, but that market is regulated enough that you pretty much always know what you're getting. need someone to cut some trees or dig a french drain? prepare to have people look you in the eye and tell you that it's a $10k job.

fuck contractors.

>> No.16865408

>>16864877
lmao I feel terrible for that guy, his renter is going to be broke in 6 months and because laws ALWAYS favor the renter that guy is going to be his new permanent roommate until he moves, and even then the next guy is going to have issues.

>> No.16865581

What will this do to the REIT market? If demand is at an 11 year high, is it too late to ride the wave? How did this compare to 2006 when houses were ridiculously expensive but then when the bubble burst houses were everywhere.

Help a newfag understand. Not looking to invest, just looking to understand.

>> No.16865857

lads

i got about 80k saves up

What will mortgage rates and house prices do next, seriously?

>> No.16865858

>>16865124
I want to renovate a house in nyc how fucked am I? I'm getting quotes of 150k plus with others telling me that they are low balling and then will "find" other things that must be done.

>> No.16865920
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16865920

>>16863580
>MFW in contract right now

>> No.16866144

>>16863653
People are hoping for it to go down, others say it alway appreciates. But really, it's going sideways.

>> No.16866183

>>16863995
I hope you are right.

>> No.16866184

>>16865857
Bump

>> No.16866234

>>16865408
Only if you're a faggot. Amazing1.com has everything you need to get rid of unwanted roommates.