Insane Housing Market

[Anonymous No.26486650]

I had plans to buy a house in the next 3-4 months and had planned this since last year considering the price range and my saving. Since it would be my first home I was planning not to go beyond $600k. I was happy for few of my selected regions I was getting a decent sized semi detached house in my area till Sept 2020. Who knows what happened who got such money in the market that today the prices have gone up by 30 percent for all households. Townhouses are now out of reach they are being sold for $800k plus.

What do you guys think, is the market still going to go up, be stable or crash. I am really scared and skeptical in investing my long time savings.

[Anonymous No.26486814]

>>26486650
I can buy a house in a nice neighborhood for 120k. These posts never make sense to me. Maybe you should stop being a faggot and buy a normal house instead of blowing all your money on a mansion full of useless rooms

[Anonymous No.26486833]

It will obv crash eventually but do not buy right now. I bought in 2019 and am selling this year, netting about a 20k profit with little equity

[Anonymous No.26486872]

>>26486814
not everyone want to live in a third world shitholes

[Anonymous No.26486967]

>>26486872
Rural smalltown, nice neighborhood Right across the street from a museum. Quiet, peaceful. Where the fuck are you looking at houses?

[Anonymous No.26487009]

>want a comfy house in New Jersey
>$200,000 on top of obscene property taxes
AAAAAAAAHHH

[Anonymous No.26487025]

>>26486814
3 bed 2 bath house in most major cities you’re looking at 300k+ for a starter home it’s completely asinine.

But you’re just being a contrarian fuckhead because you’re bored on a Sunday and you already know this

[Bitcoin Canada No.26487108]

>>26486833

It wont magically crash. Governments will do whatever they have too to keep the rich rich. That mean interest rates will stay low until 2023 at least. We will see some small weakness in 2021 as poor fags who lost their jobs default and high end median wages get priced out from servicing a 800k mortgage.

Wealth inequality is going to continue to grow with the help of modern monetary policy. That's why central banks are so concerned about Bitcoin right now. USD reserve dollar status will continue to shrink over the next decade. Bitcoin will not take over but it will be in the basket of currencies used to form new local trade currencies in the future.

TLDR: Rent and buy Bitcoin instead. The rich got too greedy and there will systematic change coming soon.

[Anonymous No.26487120]

>>26486967
are you going to go the museum every day? Rural living is fucking dogshit. That is why a house is 120k

[Anonymous No.26487185]

>>26486650
Why do you want to live among the refuse of humanity? A cozy cabin in the woods is only 50-80k.

[Anonymous No.26487206]

>>26487108
>you’ll never have a half breed gf with big milky titties no matter how much BTC you accumulate

;-;

[Anonymous No.26487254]

>>26487206
Just go on a sugar daddy website

[Anonymous No.26487264]

>>26486650
Biden gonna do some yellen an the market will sure correct.

[Anonymous No.26487290]

>>26487025
>>26487120
Okay have fun living with all the jews and niggers in the city with its filth and noise instead of basking in the serene beauty of nature every day

[Anonymous No.26487397]

>>26487290
you are obviously autistic and are caught up in some fairy tale. Rural regions are filled with retards and drug addicts with nothing to do/ The worst type of people to hang around by far.

[Anonymous No.26487564]

>>26487185
This. Live modest. Live cozy, peaceful and happy. Or live in the city with all the niggers and pollution. Your choice.

[Anonymous No.26487639]

>>26487108
Idk. My area has doubled sin I bought in 2013. It can't sustain this. My area is shit. Bought at 77. Easily 150k now. People are buying sight unseen. Houses are sitting for less than 3 days. It's really crazy. Idk if they are just capitalizing on the "midwest is dirt cheap to live soooo let's make it just like every where else"

[Bitcoin Canada No.26488345]

>>26487639

Your exactly right, people getting priced out of the big markets are trickling into smaller markets. Also people are rolling over their gains from the big markets into smaller markets.

This doesn't continue forever however. All this driven by the quick rate drop and won't go on forever. But I'm serious when I said government will keep this scheme going for as long as they can to the determent of the 99%.

Stock are actually priced correctly to don't right now. It just happens that the correct price for stocks relative to bonds right now is 1-0% return for decades.

Don't lie to yourself and think housing will go up forever it's all based on interest rates, supply and ability to service the debt.

For me nothing is as strong as crypto right now.

[Anonymous No.26488570]

>>26486650
buy in Victorville or Barstow
maybe Fresno or Compton
better yet get off the Chan and earn more money
600k gheto tier
step up the waging

[Anonymous No.26488656]

>>26488345
O I'm not. I've really wanted to sell. But that just means I'll either have to rent orrrrr buy a house in this market. Only owe 60 so it would be nice to net a cool 60-90k and rent for a while