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/biz/ - Business & Finance

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29943697 No.29943697 [Reply] [Original]

Thoughts on if there will be a housing market bubble nationally in the next few years? I think a lot of dollars will exit equities and enter hard assets like real estate to escape inflation and overvalued stocks, largely tech.
But what about cities like Chicago where there is undoubtedly going to be an increase in tax burdens? Chicago's single family housing market didn't get hit relatively hard and recovered relatively fast during the GFC, surprisingly.
I have to live in Chicago for the foreseeable future, unfortunately, and want to own property.
Wat do? Wait it out or buy a SFH now?

>> No.29943945

>>29943697
In your case you are in good shape. Chicongo is a good spot to buy for personal use and rental property. Just be aware that the latter still has COVID eviction problems.

>> No.29943988

>>29943945
what about the niggers

>> No.29944060

>>29943697
great album

>> No.29944181

Also hail Boognish. Grab that scepter of wealth and power.

>> No.29946177

>>29943697
Former Chicago Fag here.

I left that shithole and wouldn't move back for anything.

The city is actually reasonably taxed relative to the value of the property, but why tf would you want to live there. Lightfoot has destroyed all the nightlife and restaurants that were left, the only thing to do down there is get carjacked.

As for the burbs, yeah have fun paying 8k in property taxes on your 300k house. Also not to mention a lot of those houses are 20-35 years old in most suburbs so you'll spend another 30k on a roof, 40k remodeling, 30k for windows, and the best part? Houses to go up in value there because the government confiscates all the equity.

Whenever I go back to my old neighborhood in a good suburb all the new owners are letting their properties go to shit. It's because everyone knows the value isn't going up so they don't bother investing in them. You're essentially going 400k into debt to rent from the state.

>> No.29947415
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29947415

>>29944060
>>29944181
great album. saw them in person
>>29943988
niggers don't live in Bucktown
>>29943945
Good point, I'm worried about eviction moratoriums. I'm actually wondering how many single family homes will be fire-sold when the mortgage eviction mortarium ends.
>>29946177
Fuck the burbs. Fuck the city but at least you're not in fucking Schaumburg or some shit

>> No.29947573

>>29947415
>Fuck the burbs. Fuck the city but at least you're not in fucking Schaumburg or some shit

Wait... Schaumburg isn't the city?

t. McHenryfag

>> No.29947702

>>29943697
there already is one. real estate is going absolutely insane.

>> No.29947775

>>29947573
That's a one hour drive to Chicago vs 30 min for Faggotsburg.
For me, I would rather be in an *actually* cool part of a city or rural, not suburban. Worst of both worlds

>> No.29947821

>>29943697
boognish!

>> No.29948027

>>29947775
Yeah. It's boring around here but I own a home and it doesn't take long to drive somewhere worthwhile. Chicago had an appeal when I was a kid, but nowadays being there for more than 3 days makes me really depressed.

>> No.29948471

>>29947775
>For me, I would rather be in an *actually* cool part of a city or rural, not suburban. Worst of both worlds

Then you're honestly better off in NW Indiana. McHenry, Kane, Dupage and Lake counties' property taxes are just as high as Cook. And you have a shitty commute.

If I still lived there and didn't have to commute to the city I'd live somewhere across the border in Indiana. The housing market is hot there too.

>> No.29948905

push th' little daisies

>> No.29950556
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29950556

will there be another housing bubble and if so, when? dubs and anons answer me

>> No.29951954
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29951954

>>29950556
I think so. Right now, the weak dollar has pushed us into an asset-based economy, which is part of why crypto has been so bullish. Once commodities start to hit clown world prices (look at ammo if you want a preview of what will happen to gas, food, utilites, etc), almost everything that's not a basic necessity will plummet in value. You can bet on this happening within the next few years. Biden's administration is going to drown us in money that won't have enough velocity because the COVID19 scamdemic decimated our businesses. People are speculating right now because they don't know what else to do with their money. Cheap goods from foreign countries won't be so cheap anymore as the dollar weakens. At least Bill Gates will continue to supply us with healthy food from his 250,000 acres of farmland!