Housing Market Crash!

[Anonymous No.18259561]

What are you going to do when the market crashes 40% next month?

>No one is paying rent.
>No one is using Airbnb
>No one is buying from flippers.
>Real estate investors are overleveraged, and their cashflow has taken a huge dive.
>Unemployment is skyrocketing, and no one will be spending money on real estate anytime soon.

It amazes me how much propaganda there is from the real estate industry. They are tying to convince everyone that the housing market hasn't completely exploded. Prices are about to plummet. This month is going to be brutal for homeowners.

https://www.forbes.com/sites/jessecolombo/2020/03/31/why-us-housing-bubble-20-is-about-to-burst/amp/

[Anonymous No.18259574]

>reads OP
What is this world going to look like in a year

[Anonymous No.18259593]

>>18259574
dude we're flippin fudged :^(

[Anonymous No.18259597]

Buy cheap property to rent to the poors.

[Anonymous No.18259610]

I'm paying rent
and I'm still getting rent on my rental property on the other side of town

[Anonymous No.18259646]

>>18259561
How do I make money on this?

[Anonymous No.18259682]

>>18259597
Pretty much this. I cant fucking wait. I have been buying train-wreck properties that I have to rebuild from ground up myself to make a profitable rental property. With this next crash (and it will probably be at least a 2 year bear market in housing, if not longer), I will be able to round out my portfolio and spend my soon to be ample free time to find a virginal wife (also at a discount, because all fake jobs are the first to go in a depression).

[Anonymous No.18259713]

>>18259561
I been stashing all my cash for the last 3 years just for this moment.

I just want a nice little house with two car garage that i can pay off in like 10 years not 50

[Anonymous No.18259751]

>>18259574
Calls on Christianity.

[Anonymous No.18259759]

>>18259751
LEAPS on oil, defense contractors, and rural construction are actually a great idea

[Anonymous No.18259778]

Around Tampa, houses have been dropping by like 5 to 10k.

[Anonymous No.18259801]

>>18259778
I'm in California. Is that a significant number?

Someone convert for me pls.

[Anonymous No.18259810]

Is it priced in?

[Anonymous No.18259811]

>>18259801
It's like 2% to 5%. I suspect it will drop more in the coming weeks as the situation gets worse.

[Anonymous No.18259828]

Lots of foreclosures coming to glut the market.

[Anonymous No.18259866]

>>18259561
Housing didn't move that fast.

>>18259828
The banks might hold back foreclosures like they did in 2008

[Anonymous No.18259920]

>>18259561
There will be no crash in residential. Commercial on the other hand get the fuck ready to buy the dip

[Anonymous No.18259934]

>>18259866
How do the banks handle the shortfalls?

[Anonymous No.18259978]

>>18259561
>Real estate investors are overleveraged, and their cashflow has taken a huge dive.
Good. Fuck these kikes. I hope the entire mortgage system collapses and the only people able to buy real estate from now on are those who wisely saved their money.

[Anonymous No.18259981]

>>18259934
0% reserve and printer go brrrrr? I'm not entirely sure, but I'm not predicting the future. That's what happened last time. Maybe it happens again, I don't see why not.

[Anonymous No.18260015]

>>18259574
great depression 2020s edition

[Anonymous No.18260035]

>>18259561
god I hope so.

I have tons of cash and would buy a 3 bedroom 1 bath house the second it went under 500k in my HCOL area

[Anonymous No.18260063]

>>18259934
literally just give them a lower rate that they can pay

sucks for the bank but better than having your future predicted interest income be 0 when everyone defaults and stops paying and now you have to sell a bunch of houses in a crash

[Anonymous No.18260104]

>tfw you bought last may
I was two days away from walking and just staying renting too. Fucking kill me

[Anonymous No.18260128]

>>18260015
So I will get cheap whores?

[Anonymous No.18260340]

Housing prices in western countries doesn’t depend on wages anymore. They figured out they can keep housing pumped by letting in massive numbers of immigrants who don’t mind cramming 3 families into a 1000 sqft residence.

[Anonymous No.18260787]

>>18259561
Explain to an idiot how bad this is.
If you rent, this doesn’t effect you as much, but if you own a home you’re about to get shafted?

[Anonymous No.18260799]

>>18260787
>but if you own a home
*That you still pay for

[Anonymous No.18260909]

>>18259561
I think very soon is going to be a wonderful time to buy property.

[Anonymous No.18261017]

>>18259682
i also want to do this but im also afraid that too many people will have this plan after watching how profitable it was after 08 recession

[Anonymous No.18261163]

>>18260787
If you rent you can just walk away no loss. In fact you stand to gain by not paying rent.

If you own a home you will see your property value tank and you will likely be underwater for a while, the whole time paying your mortgage and your taxes.

[Anonymous No.18261209]

>>18261163
Holy shit.
I hope you guys make it through this if it ever happens.

[Anonymous No.18261267]

>>18259561
Are you telling me that living in a nice house is going to be a less attractive thing in the coming years of pandemic? No houses being sold could be because nobody wants to sell the place they shelter in place in. If you actually have to buy a house, it's possible it won't be either easy or cheap.

[Anonymous No.18261274]

I live in a third world shithole, have $700 monthly salary, live with my parents and I will still be in a better position than the average amerimutt when shit hits the fan, hahaha rent free

[Anonymous No.18261275]

>>18261267
had you not gone through puberty before the 08 crash or something?

[Anonymous No.18261289]

>>18261275
There wasn't a pandemic then where those with the best houses were the most vulnerable.

[Anonymous No.18261297]

>not living in a van

[Anonymous No.18261405]

>>18261289
In one year, the damage is done to the finances of people who still need to pay for the house.

Also, everyone who cannot afford to pay the house (living paycheck-to-paycheck) has to make payments for these months.

Basically each and everyone who bought the house with little to no room of surplus after all needed expenditures of the month are paid will have to consider selling the property or face interest on it.

This is the case for many, either because they are overly leveraged (Airbnb - renters as one example) or they bought the property at a too high price or they calculated too low with their money and expected to have a house with a paycheck-to-paycheck-lifestyle.

Either way - some people will consider selling their property, some have to. For those who have to, they will do so faster, the more people have to, driving those considering selling in the same position.

Basically - if the housing market is balanced and not a bubble, most people have no incentive to sell their property, if everyone else does it. But if everyone has to look at their properties' values and go into financial problems if the price tanks a bit, all have an incentive to panic and run for the exit.

[Anonymous No.18261434]

>>18259561
>nobody buying from flippers
China.

[Anonymous No.18261505]

>>18259751
>Wait, be bought?
>Begin operation dirtied cross.