/biz/ - Business & Finance

[Anonymous No.25466240]

>schedule house tour with realtor
>suggests I make an offer 15k over asking price because sellers have been getting 10-12 offers, when it used to be 3-4
>ask if this is normal
>she laughs and says yes

[Anonymous No.25466287]

>>25466240
Is this a buy side or sell side realtor?

[Anonymous No.25466296]

>>25466240
She laughed because your question was stupid. Next time say
>then why havent you accepted the offers?

[Anonymous No.25466299]

>>25466240
should have slapped her right in the cunt

[Anonymous No.25466335]

>>25466240
>putting all your money into boomer real estate

[Anonymous No.25466346]

She's lying to you, you realize that. She's trying to make you FOMO, increasing your bid, and increasing her commission. Just stay with the offer you had in mind, if you lose the house so be it (it's a shit test anyway, you'll get the house).

[Anonymous No.25466375]

>>25466240
>ask if she knows what its like to get a powerdrill up her asshole while waterboarded with piss
>as she says "no" I overpower her and let her know what its like

[Anonymous No.25466384]

>>25466240
you should offer 30k less fuck that scammy bitch

[Anonymous No.25466404]

>>25466346
She’s not lying. This is not uncommon. It also depends on the location.

[Anonymous No.25466410]

>buying the top of a housing bubble

[Anonymous No.25466438]

>>25466240
CCP chinks are also buying up houses in the US. OnlyFans is a money laundering operation for the CCP as well. The houses that these whores are "buying" with their new found wealth are actually single family rentals.

[Anonymous No.25466537]

>>25466240
>Amerifats have to leave a tip when buying a house

[Anonymous No.25466551]

>>25466240
what city?

[Anonymous No.25466571]

>>25466240
>yes goy pay more money its not like i make a comission based on the fee xD

[Anonymous No.25466613]

Any updates on a coming housing market crash? I want to save for like 2 more years then go all in on a house hopefully after the bubble has popped. If not then whatever, I'll just invest in index funds and die in my little shitty house with 2 roommates

[Anonymous No.25466627]

>>25466438
so how does that work if the female buys the house and it is under her name?
Is it all really owned by the chinks?

[Anonymous No.25466648]

dont get emotionally tied to a house you just saw, there will always be others come up. You virgins blame landlords for rising house prices, when really Sally with her 2 kids that 'must' be 5 minutes from her favourite park and nail salon pushed your house prices up by paying 10% over the market price

[Anonymous No.25466696]

>>25466613
Seconding this question. I wanna either buy rental properties or buy auction houses to fix up and sell.

[Anonymous No.25466719]

>>25466404
>t. real estate agent

[Anonymous No.25466795]

>>25466410
How much longer do I have to wait for a correction, it’s been going up since 2008

>>25466551
Near Washington DC

[Anonymous No.25466904]

>>25466795

"they" are saying a crash in 3-5 years.
>it'll take a couple years to really feel the after effects of the current mortgage crisis
>people aren't selling as much now or building as much because of corona
>boomers will start dying in mass numbers

Just be patient. If you buy now you will lose money. Or keep saving and put excess money into other investments.

[Anonymous No.25466946]

>>25466240
yup
ANY property on the market more than 14 days has something wrong with it
t. outbid on 3 properties, bidding at asking value

[Anonymous No.25466952]

>>25466795
>he lives in the DMV

Bro, just move. I actually retract my statement about her lying, she's not lying. Just don't even live here its not worth it.

[Anonymous No.25467791]

>>25466952
I was thinking about TX or Seattle or something but unfortunately my job is kinda niche and keeps me here (govt consulting)

[Anonymous No.25467974]

Just put down the asking price, or if you're feeling really jewish under the asking price.

[Anonymous No.25468005]

>dealing with female realtors
Realtor here, you're NGMI.

[Anonymous No.25468059]

>>25466404
Why wouldn't she lie about this?

[Anonymous No.25468103]

>>25466375
idk if it's just you trying to push this psycho money skelly meme all over the board, but i like your stuff anon

[Anonymous No.25468170]

>>25466240
Someone should go around and burn down every house in overpriced cities like SF

[Anonymous No.25468173]

>>25466904
The problem is when Boomers die, money will flood the market - primarily going straight to Zoomers. Zoomers have no understanding of financial control and as such will pretty much just spend it all immediately not understanding the market is inflated in value.

[Anonymous No.25468179]

>>25468059
Women in business lie about EVERYTHING.

[Anonymous No.25468293]

I red-pilled a realtor recently. Surprisingly, she listened and I remember when the color drained out of her face.

She admitted she'd been looking at the housing market with rose-tinted lenses. There were tears in her eyes when I told her she's going to bankrupt everyone she sells to in the current market.

Weird, but true.

[Anonymous No.25468997]

>>25468293
You're delusional /pol/tard.

[Anonymous No.25469048]

>>25468293
>I red-pilled a realtor recentl
lol, fucking why? what a spectacular waste of time

[Anonymous No.25469162]

>>25468293
Based

[Anonymous No.25469433]

>>25466240
Offer 15k less than asking price in cash. Laugh when it's accepted.

[Anonymous No.25469531]

>>25468293
and then everyone clapped

[Anonymous No.25470028]

>>25466346
>She's trying to make you FOMO, increasing your bid, and increasing her commission.
Not true. Buyers' realtors get paid a commission by the seller of around 5% the price paid. No realtor is going to care about getting you to pay an extra $15K since that'd only be $750 added to their commission and would be at the risk of blowing the entire deal when the lender's appraiser comes back and says the house isn't worth anywhere near that much. Nobody trying to sell or buy wants the appraisal to be way under the offer price since that's a really common way to get very near to closing only to lose all your progress and have ti start over with a new buyer.
Paying over asking price is mostly done because buyers are that desperate to price out their competition. If this actually happened then OP's realtor was probably telling the truth and also probably has good reason based on neighborhood comparables to believe the lender's appraiser will conclude $15K over asking price is around what the house is actually worth.

[Anonymous No.25470085]

I like to go to crowded open houses in my best suit and sunglasses and casually talk about maybe I dunno, putting in an offer 10%-20% over asking price so all the panicked normies get FOMO and accelerate the bubble popping.

[Anonymous No.25470381]

>>25470085
It isn't a bubble believe it or not. Look at Case-Schiller adjusted for mortgage rates and inflation. USD is getting debased so badly and mortgage rates are so low that house prices are relatively low in real value terms.
Also when the dollar is depreciated it attracts foreign buyers like locusts since their own currency will have more purchasing power for real value assets. And for whatever reason you are allowed to buy properties in the US without being a citizen or even a resident, so that's negating the impact of baby boomer homeowners dying out.

[Anonymous No.25470411]

>>25466613
>>25466696
My exwife is a realtor for 20 years here in Philadelphia and my adult son and I do rehabs/rentals for the past 5 years and over the past year we have bid on 8 houses at offer and won NONE of them as they were bid well above ask, so much so that it was ridiculous like a 100k house needing minimum 40k just to get up to rental code and they went for 110-120k and thats before the rehab costs...no way they're profitable at all, but this is free money mania now, and from what I undertand its like that every decent size city. There's always some diamonds out there, but they are tough to find.
As for a bubble popping, NO ONE sees it coming and there doesn't appear to be a major one forming....maybe in some markets but no where near nationally. People are buying all over the place willy nilly. The renters got extensions on rent abatement and most are getting some form of rent grants, Many more are simply winning or getting some relief from landlords directly in sympathetic courts whereby 5 years ago the renter would have been tossed out in a second.
Maybe things will change, but there's no easy housing out there now.

[Anonymous No.25470423]

> believing anything a realtor says

[Anonymous No.25470481]

Sure, do all that and then a little old chinese woman will outbid you 100k over what you can afford and pay cash.

[Anonymous No.25470499]

>>25466613
Housing prices are a function of rental prices.

Housing bulls don't even really understand it. how do you feel about the rental market? Can we just have a record number of people not pay rent? Yeah it's going down

[Anonymous No.25470736]

>>25470499
Are you buying an apartment complex? If you're going for a single family house and not a rental property renters being unable to pay will only make single family homes more valuable since they can be used to undercut professional landlords by renting out a spare room for much cheaper given you would be living there yourself and not dependent on that extra income stream.
If a lot of renters can't afford their current apartment complex that means there's an easy opportunity to take away those landlords' customers. Renters who can't rent at their current apartments aren't going to be buying a house and most aren't going to be homeless either so that really only leaves moving into an even cheaper place for rent as the likely conclusion for them.

[Anonymous No.25470865]

>>25470411
>my adult son and I do rehabs/rentals for the past 5 years
You are the reason the market is the way is it.

I genuinely and honestly hope you eat shit and die, fuckhead. Thanks for pricing out young people with your immoral jewish ways.

Just remember, landlords will be the first to get the rope when the time comes.

[Anonymous No.25471065]

>>25470028
Yeah, don't bother man. This board prefers to be entertained by pretending to be retarded. I'm a realtor and you are exactly correct. Even listing agents don't fucking care about an extra 15k tacked onto a sale... They just want to get the sale over with as quickly as possible and as long as the seller isn't enraged, that's good enough. All about volume of lists.

[Anonymous No.25471445]

>>25470381
Good points and probably a black pill I have to swallow at some point. One thing I don't get though is the "rates low! buy now!" argument; that feels more like a commercial. Why should I not believe that rates would go even lower, with the Fed buying all the MBS? Countries like Denmark already have negative mortgage rates.
If you think rates are going back up, you must think prices in real terms will drop as well.

[Anonymous No.25471618]

>>25466648
if sally pays 10% over market price then that's now the market price

[Anonymous No.25471642]

The market can remain irrational longer than you can stay solvent. I'm sorry for people looking to buy homes but prices will continue to rise.

If it's any comfort the houses aren't getting more expensive, it's the dollar getting weaker.

T. Bought my house in 2010 for 204k, could easily get 300k for it now which normally would be insane

[Anonymous No.25471704]

>>25466240
>normie realtor applies used car salesman tactics
>B-BUY NOW! IT'LL BE GONE TOMORROW!
>ALREADY HAS 5 OFFERS!
>SOMEONE IS COMING IN THIS AFTERNOON TO LOOK AT IT!

just act more autistic than usual and ignore their retarded behavior. it pisses them off to no end.

[Anonymous No.25471784]

>>25467791
All in XRP-XLM so you can escape your miserable existence you filthy animal.

[Anonymous No.25472023]

>>25470865
Take your meds

[Anonymous No.25472384]

it really is like this in a lot of places right now. everyone sane is trying to get the fuck out of shithole cities like NYC and LA and are moving to "safe white communities". everytime a house hits the market in my area, its under contract above asking price within a day or two.

[Anonymous No.25472634]

>>25470411
That can't be a trap! I simply won't believe it!

[Anonymous No.25472704]

>>25466375
B a S E d

[Anonymous No.25473050]

>>25468293
Nice larp