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/biz/ - Business & Finance


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26559466 No.26559466 [Reply] [Original]

Whats everyones thoughts on the real estate market? Is it bound to crash March-April after the moratorium? Need some insight into the market as I want to invest in my first rental soon, thanks in advance.

>> No.26559617

>>26559466
The moratorium will be extended. People are fucking pissed right now, take away their houses and they will go ballistic.

>> No.26559633

>>26559466
Population is going to grow 50-60 million by end of the decade. You should be fine

>> No.26559812

August it begins

>> No.26560564

>>26559466
What I don't understand is how in the same apartment complex the same floor plan can vary by $700. Like I get varying by $300s.
https://www.omnia8thbyavanti.com/floorplans.aspx

>> No.26560988

>>26559633
+60m poorfag

>> No.26561345
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26561345

>>26559466
No matter how many times you repost this thread there still won't be a housing market crash anytime soon.
If the inflation and interest adjusted price of mortgages goes back up to where it was in 2007 then you will get your crash.
Right now it's under baseline, not over.
Try using one of those mortgage payment calculators to see how big of an impact interest has on what you pay.
As an example, a $200,000 mortgage with 10% interest would really cost you around $630,000 after 30 years, compared with a 3% interest loan which would be more like $303,000 after 30 years.
So instead of being shocked at how high prices seem with today's for sale real estate the right way to evaluate how high or low prices are is to compare with past years with inflation adjusted for and the current all time historically low interest rates factored in.

>> No.26561581

>>26559466
Isn't this a good thing for those wanting to buy houses?

>> No.26562313

>>26561581
It depends. It is great if you own a house and want to sell or rent it out. If you are trying to break into the market go fucking luck. Them baby boomers want top dollar for their 40 year old piece of shit.

>> No.26562616
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26562616

>>26559466
Go check London house prices. They pay interest for their entire life in hopes of being able to pay some principal when they die. That is what the banks want to do to you. As long as people have a dream to buy a house prices will continue to increase.