Reminder that a shitton of homes are about to enter foreclosure

[Anonymous No.29996763]

Most of the covid relief measure put in place to pretend that people can still afford their overpriced home are going to end soon. When that happens, real-estate prices are going to come crashing down. Can't wait to sell my memecoins and buy the home of a family in crisis at a discount :>)

[Anonymous No.29996864]

>>29996763
>When that happens, real-estate prices are going to come crashing down.

Doubt. The line to buy houses is much longer than the people who stand to lose theirs. Supply will instantly be bought up.

[Anonymous No.29996914]

God I wish. But with the clown market and endless inflation it'll just keep going on up instead.

[Anonymous No.29997352]

>>29996864
There's no one size fits all answer to a country as big as the US.
I'm not 100% sure of the exact pattern, but I think location and density will matter greatly. A typical suburb in PA is going to behave differently to a neighborhood in Staten Island and some quiet country road in West Virginia.

[Anonymous No.29997445]

>>29996763
Chinks will buy them up before a normal person can get one.

[Anonymous No.29997566]

>>29996864

you need to read about shadow inventory anon

the key is they need buyers at these inflated prices

low interest mortgages is one way

but who wants to be a bag holder of a property double in value for no reason, paying 3-4% interest thinking everything's fine despite over leveraging the fuck out of themselves.

[Anonymous No.29997640]

>>29996864
there is no line to buy houses nigger
when you throw bait into water fish dont wait their turn

[Anonymous No.29997792]

>>29997566
For every person who is over leveraged at 3%, there are dozens of people waiting to scoop up cheap property.

Houses barely stay on the market for more than a day or two even in rural areas now. There may be a temporary dip in prices but supply will get bought up faster than you can blink.

[Anonymous No.29997856]

>>29997640
God damn you are extra stupid.

[Anonymous No.29997872]

>>29996763
residential real estate is one of those markets that is propped up by states and the federal government
there is mortgage deferral and bank refinancing schemes because losing your home is a sensitive issue
if anything people can just run a reverse mortgage and live in their until old age without paying anything on their loan

[Anonymous No.29997996]

>>29996763
I want every boomer to be homeless

[Anonymous No.29998003]

This is terrible for sellers. 10 year treasury yield is going up so mortgage rates go up. 3+ million foreclosures to flood the market.

[Anonymous No.29998060]

>>29997856
No, you're stupid for that nigger-tier understanding of the English language, so again, there is no line to buy houses.

[Anonymous No.29998099]

No chance.
1. Mortgage forbearance will be perma extended. Biden already kicked it from March 31 to June. Student loans are already $0 owed until September. Why not keep kicking it until after midterm elections next year?
2. Huge pool of private equity money looking to buy to rent
3. Lower rates and higher inflation expectations are bullish for real assets in nominal terms.
You have too much of a deflationary mindset and are fighting the last war ('08). We are transitioning to structurally higher inflation.

[Anonymous No.29998143]

kek, see this piss on /biz/
these think we will go for this shit
>I’m not a racist but these niggers are rly dumb
>cool that my purse is insuranced on justliquidity with their amazing staking and yield farming

[Anonymous No.29998158]

>>29996763
If it’s a low supply high demand area that has historically low foreclosure rates then this will likely not apply to those areas. Appraisal values are based on a multitude of variables and you’re delusional if you believe otherwise. I live in one of those areas that I bought into last year. If you don’t buy near nigs and you work with a realtor to find upcoming areas (southeast region in US has so many realtors and not enough supply that often 4 or more realtors as well as RE agents are working to sell the same property and that’s as of late 2020), you can find great properties even during this sellers market

[Anonymous No.29998225]

I want to believe this but I've lost all hope and accepted the fact that I'll live in my mom's basement for the rest of my life.

[Anonymous No.29998377]

>>29996763
OP, you are so naive. As a real estate agent, my business has been booming. So many people from California are buying up houses with cash in hand and they pay $20k-50k above asking price.

If you don't buy now, you'll never own a house. All the retards from California are leaving and buying up houses in rural places too.

Bobos always get fucked lmao

[Anonymous No.29998392]

I was a house price bear for a long time. I've changed my mind though. Houses just get bought up by banks and chinks, money printer go brrr. Prices go up. It's all beyond fucked, but nobody will do shit. Basically everyone will kick the can down the road, because they don't know what to do.

Maybe in like 20 years it'll legit crash like the Hindenberg, who knows? For now, pay your rent, wagie.

[Anonymous No.29998418]

>>29998099
Based as fuck. Im shilling the fuck out of the cancel student debt movement lately to get my $28k in loans removed. Havent paid a cent and never will.

[Anonymous No.29998581]

>>29998392
I was bearish too at one point, but housing pricing is controlled by animal spirits. You don't know how many times I've seen a man want a modest house for $150k, but his wife wants to be in the best school district and have a large one and it becomes a $600k house to meet her demands

[Anonymous No.29998642]

yeah sure OP maybe I can move to vancouver and buy a house there

[Anonymous No.29998653]

>>29998377
>retards
>buying a newer property at half the mortgage

[Anonymous No.29998696]

Guys so theres a $32k house near me. Interior is nice, two stories. 4bed 2 bath was a duplex with two front doors can be made back into one easily. Minor roof damage, yards kinda fucked.

The reason its so cheap is because its situated next to a bunch of abbo niggers on every side and traintracks. HOWEVER. Its a few blocks from my cities bustling downtown and some major bed and breakfast plantation houses a block down.

Could this be a good investment? Plz advice. I could buy cash in hand today

[Anonymous No.29998733]

>>29996763
>Can't wait to sell my memecoins
The meme-coins will crash harder

[Anonymous No.29998750]

>>29997792
this. tons of people sitting on cash and saving up to buy a home, hoping for a crash that wont happen.

[Anonymous No.29998787]

>>29998418
Based. This country is a rotting whale carcass might as well get those last strips of meat before it's picked clean.

[Anonymous No.29998808]

>>29998696
probably not, look up the crime map for that area

[Anonymous No.29999034]

>>29998808
Yea its africa tier down there. Currently live with parents a mile away in based white neighborhood. I hear gunshots from that hood all the time and there were pitbulls wandering everywhere when i drove by. Id put in a massive spiked stone fence, cameras, security system, german sheperd, the whole 9 yards. I could totally live there just would have to carry my big iron with me at all times

[Anonymous No.29999055]

>>29998808
Bro he already told you it's surrounded by abbos

[Anonymous No.29999937]

>>29998377
Real estate agents are fucking snakes, propping up prices even further, making it even more impossible for regular people to afford their own home. Status wise it's barely higher than burger flipping and right under those shitty 'recruitment consultants' spamming my inbox on LinkedIn. I hope you all die a painful, miserable and lonely death, but only after you closely witness the same slow death of each and everyone you love.

[Anonymous No.30001275]

>>29996763
Why would I buy a house? I already live with my mom for free.

[Anonymous No.30001355]

>>29999937
They are used car dealers who happened to get a college degree

[Anonymous No.30001399]

>>29996763
I doubt the FED would allow their price to drop drastically.

[Anonymous No.30001412]

>>29996763
I'd rather own crypto and buy a house in a cheap country when I've made it.

[Anonymous No.30001936]

>>29997996
You'll get your wish eventually. No people can sell out their own progeny without serious repercussions. Their own demoralized young will rule over them with an iron fist.

[Anonymous No.30002532]

>>29996763
What's it like to live in a country that allows housing prices to go down?

[Anonymous No.30003889]

>>29999034
That doesn't sound very comfy

[Anonymous No.30004217]

>>29996763
>he thinks the banks are going to sell for a loss
the banks still own the house. they'll retain ownership and sit on them until the wagies buy them out of desperation.

[Anonymous No.30005147]

>>29997996
And yet you sit in front of a screen all day, hoping to get rich for doing virtually nothing. The hypocrisy is quite stunning.

[Anonymous No.30005362]

>>30005147
I have a good job writing software, I don't need crypto, it's just a fun hobby for me