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/biz/ - Business & Finance

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17654396 No.17654396 [Reply] [Original]

Every normalfag bought a house recently. I mean everyone bought at 2x the normal value.

For reference a small 1 person appartment sells for 250K in the Netherlands. This is easily 30-40 years of wageslaving for them.

Its unironically over for them and Ill be buying houses at 40% discount.

>> No.17654423

>>17654396
Me too. Still have $300K in Kleros. Comfy.

>> No.17654439
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17654439

>>17654396
I got <2000 bucks so I'll be able to buy a mansion

>> No.17654548

>>17654396
Fucking true, all my normalfag friends bought houses. Literally all of them(the ones in my industry).

All for 1.5x the price.

>> No.17654731

Brainlet here, why would housing tank, isn’t it a safe haven?

>> No.17654759

>>17654548
Exactly.

>> No.17654776

>>17654396
Yes, houses in the midwest or Texas will go down dramatically.

White-hot, fully built out markets like coastal cities will see minor change.

>> No.17654802
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17654802

>>17654396
what makes you think any of these normalfags will allow their housing prices to go down? real estate will easily be the most unaffected sector in this downturn.

>> No.17654827

>>17654731
Housing is as much an investment as shitcoins.

>> No.17654951

>>17654731
Housing is and has always been tied to the business cycle (which is now going to contract). We've known that equities and credit markets are tied to business cycles but thought real estate wasn't. That's always and has been false but US real estate has been subsidized by the US gov't for decades so no one really realized that. 2008 shattered the belief that real estate is a safe haven. Well since then we now have more renters then owners which hyper ties us to the business cycle. As economic activity comes to a screeching halt there won't be enough productive human beings that generate enough cash to meet the cap rates for all of the multi family/investment properties out there. Well guess what, those investment properties/real estate are all owned by boomers that are levered to the hilt on these assets. Once they see their 401ks in red they'll start selling. Then once people start losing their jobs their rental income also goes away. How are they gonna service the debt on their properties? They won't, time for fire sale on housinng.

>> No.17655757

>>17654731
No

>> No.17655794

>>17654396
Al die kankeramsterdammers kopen huizen bij ons in de buurt op reeeeeee

>> No.17656552

>>17654423
sir can I join your PNK discord sir
I need to know when real estate will be a good buy I also have 50k plus PNK

>> No.17656611

>>17654951
>How are they gonna service the debt on their properties?
Yes, this is happening in my area. People are selling land dirt cheap.

>> No.17656618

>>17654802
>t. Fresh house buyers

>> No.17656632

>>17655794

Het is allemaal de schuld van de Rabobank.

>> No.17656985
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17656985

>>17655794
Ik had een kans twee jaar geleden om een leuk apartament in delft te kopen...Nu is het 50k eur duurder en woon ik nu in Australië en m'n fiat geld is WAARDELOOS

>> No.17657262

>>17656985
Wut

>> No.17657319

>>17656985
I woon naast een groot station op het traject van rotterdam - amsterdam zuid. Hier wonen allemaal pajeet en chink expats. Huizen worden opgekocht voor expatverhuur, wordt veel verdiend. Daarnaast dus ook Amsterdammers die niks kunnen vinden in hun stad en maar verder gaan zoeken.
>>17656632
Is dit vergelijkbaar met de vorige keer toen de huizenmarkt crashte? Met name als je kijkt naar het woningtekort nu.

>> No.17657382

>>17654731
population growth is slowing
cheaper and cheaper materials
supply has been increasing because debt getting cheaper relative to salary by socialist central bank has fueled demand
stocks crash, retirement money disappears, employers make cuts/shrink, people can't afford their mortgage, sell house more supply, lower price.
but if the currency loses value faster than the homes do the price goes up.

>> No.17657539

In california pension crisis is going to hit hard. I bet some municipalities just straight up pass one time emergency tax to all homeowners

these fuckers will reee so hard. I am not making this up, a Republican representative listed as a thing that might happen

>> No.17657599

>>17657539
I live in CA and I really hope this shit bankrupts the state and same people rise from the ashes but I doubt it.

>> No.17657618

>>17657599
*sane

>> No.17657636

200k eur 2br house in small danish town. That was cash price, after 30 years of financing and interest, it’s more(rates are low rn)

Goofed?

>> No.17657832

>>17657636
Time will tell. All I know is the Jews have sold their real estate to [us] normals. Exploited the basic human need of shelter.

We need a ww3