OH NO NO NO

[Anonymous No.49667276]

YOU TOLD ME THE HOUSING MARKET WAS NEVER SLOWING DOWN AND PRICES WERE GOING UP FOREVER HAHAHAHAHA

[Anonymous No.49667303]

>>49667276
I hope black cock goes bankrupt and the CEO commits sodoku.

[Anonymous No.49667346]

>>49667276

[Anonymous No.49667525]

>>49667276
How is this possible. Homes are still going for ridiculous prices in my town. One went 200k over asking

[Anonymous No.49667679]

>>49667525
It takes quite some time for house prices to drop. House prices peaked in 2006 and hit their bottom in 2012.

[Anonymous No.49668014]

>>49667276
>bloated corporations trimming the fat to maximize profits = housing prices dropping
Gr8 B8 M8

[Anonymous No.49668064]

>>49667679
It will be faster this time, all cycles are compressed

[Anonymous No.49668145]

>>49667276
Dave Ramsey is coping massively. Yesterday he said they are doing a yet to be announced segment dedicated to why now is the best time to buy and why houses never decline.

>>49667525
Are you in a hot market like AZ, TX, or FL? People are leaving blue state prisons and relocating to states that were lax during the Wuhan Flu.

[Anonymous No.49668172]

>investing in real estate
NGMI

[Anonymous No.49668202]

>>49667346
This is why I’m not selling my house pretty much ever.

[Anonymous No.49668323]

>>49668145
Isn't Dave Ramsey a "muh 15% index fund" guy? I thought he was just all about paying off your residence, not investing in houses?

[Anonymous No.49668327]

>>49667276
I don't think you faggots understand that houses are way underpriced. Do you have any idea how much money has been printed in the last ten years? Literally zimbabwe levels of printing. Houses and everything else is underpriced and your savings and wages are realistically worth a fraction to what they were years ago.
Yeah plebs got swindled. Again.

[Anonymous No.49668431]

>>49668327
>Do you have any idea how much money has been printed in the last ten years?
The truth is shocking.

M0 and M1 money supply tripled/quadrupled since March 2020. Inflation hasn't even begun to initiate. The FED raising interest rates by 1%/2%/3% etc, all useless theater to 'manage expectations'.

Please explain how 1% - 5% increases in interest rates has any actual effect on the real economy when the money supply has been increased 400% in 2 years?

Enjoy this 180iq post ye street shitters.

[Anonymous No.49668467]

>>49667346
my teacher told me a story about how his grandmother was the only one in her family to forsee that and stole her parents money to buy stuff

[Anonymous No.49668766]

>>49667276
Yay. Now we should at least see a 15% drop in housing prices.

[Anonymous No.49668802]

POO GOES THE WEASEL

[Anonymous No.49668850]

>no one saw this coming

[Anonymous No.49668892]

>>49668327
this anon gets it
>>49667679
if you look at this chart we are just barely above 2008 prices and I doubt that's adjusted for inflation

[Anonymous No.49668989]

>>49668892
>if you look at this chart we are just barely above 2008 prices and I doubt that's adjusted for inflation
>2016-09-01

https://fred.stlouisfed.org/series/CSUSHPINSA

[Anonymous No.49669195]

>>49667276
>prices go down
>interest rate goes up
>affordability stays shit

What did we win?

[Anonymous No.49669208]

>>49667276
Finally

Time for cheap hoyses

[Anonymous No.49669257]

>>49668327
big facts
but I just bought so I'm biased, but even if it goes down I have a place to live and don't have to gamble to survive
win-win

>money supply doubles
>real assets and commodities also double in cost
>everyone scratching their heads wondering why
>they think since stonks went down that it must just be a fluke
I really hate normies

[Anonymous No.49669325]

>>49667276
>slows
Yep that's the best we can hope for. It will NEVER go down.
IT WILL NEVER GO DOWN

[Anonymous No.49669387]

>bought 3 months ago
>20% down on 3b/3b
>530k in nice sw florida area
>3.85% 30y locked
i literally can't sleep at night knowing i bought at a historically bad time

[Anonymous No.49669415]

>>49667679
6 years?! i dont have that long to wait i wanna buy by end of year wtf

[Anonymous No.49670397]

>>49669387
/biz/ as fuck

[Anonymous No.49670492]

>>49669387
I felt the same way when I bought a year ago. A year from now when rates are double digits and the price is flat you will feel a lot better

[Anonymous No.49670518]

>>49669387
never change /biz/

[Anonymous No.49670537]

>>49669195
what if you pay it off early?

[Anonymous No.49670655]

>>49670492
>A year from now when rates are double digits and the price is flat you will feel a lot better
not if i lose my income in this economy and there aren't any buyers

[Anonymous No.49670981]

>>49669387
You bought at probably the last time you would have ever been able to buy. You'll realize that in a few years.

[Anonymous No.49671052]

>>49670981
why? if prices crash, which seems inevitable, i could've bought the same house with cash for much cheaper and not had to worry about a bank owning my ass.

[Anonymous No.49671085]

>>49667276
THE ZESTIMATE
NOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.49671094]

>>49671052
your savings would be equally devalued

[Anonymous No.49671124]

>>49668327

[Anonymous No.49671198]

>>49669387
RIP

[Anonymous No.49671222]

>>49669387
You did the right thing long term. When prices crater, no one can borrow money. The interest rate is already almost double what you locked in.

[Anonymous No.49671255]

>>49671052
Good luck convincing a bank to give you money

[Anonymous No.49671299]

I'm slowly stashing money expecting house prices to cool off a bit over the next few years? Where can I stuff it? Bonds?

[Anonymous No.49671354]

>>49667679
Looks like BTC tops this cycle.
You should know how this ends

[Anonymous No.49671393]

>>49671255
i wouldn't have needed the banks money if the house was 200k cheaper. i would've bought it in cash.

[Anonymous No.49671514]

>>49669387
you'll be just fine as long as you have your job and pay mortgage. worst case is housing prices drop like 50% temporarily. but it does not mean it's easy to buy house then as mortgages for 30 could be like 10-15%.

Only problem if you lose your job and are foced to sell you wont be able to find buyer for underwater price!

Usa uses fixed rate mortgages and are now already 6%. Other parts of tghe world the housing market is in bigger trouble they use floating mortgage rates it's gonna be massice crash if rates rise like 0->5% in europe

[Anonymous No.49671708]

>>49668323
>he doesn’t buy a cheap house for half his max monthly payment
>he doesn’t pay it off in 7 years
>he doesn’t sell it and dump it into a x2 cost house.
>he doesn’t rinse repeat, gradually accumulating wealth
>he doesn’t die a multimillionaire

Stay poor, pleblet

[Anonymous No.49671900]

>>49671708
>also all tax free cuz primary residence

Anon, I….

[Anonymous No.49672059]

Not like this, zestimate bros. Not like this.

[Anonymous No.49672107]

>>49668145

I will take a blue state prison over la criatura sudaquena del mar oscuro.

[Anonymous No.49672398]

I sold 10000 LINK at $42 last year to pay my house off. Two birds...

[RE.agent No.49672425]

It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their home will continue its 30% annual price increase.

Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

[Anonymous No.49672526]

>>49668431

This. Its all theatre to look in control and its their only job. The FED want nothing more than the government to let them pivot so they can say “gov made us” and keep credibility.
Thats whats gonna happen.
They cant stop inflation with interest rates like this and it takes almost 2 years for hikes to do anything outside of equities and bond market. The reality is Americans have too much cash. They need to exhaust it first. They are able to bid up a low supply due to their savings. Once they exhaust them inflation starts winding down. Business will have the money and likely invest in manufacturing and such infrastructure which basically locks up all that cash into productive items which is the only way it gets out of circulation.

[Anonymous No.49672586]

>>49667276
people telling you just to buy wanted your money

[Anonymous No.49672669]

>>49669387
You got in at 3.8% nigger you are fine, as long as you can keep paying the mortgage you will be fine

[Anonymous No.49672745]

>>49668989
that still reads as just about right to me, perhaps ready for a correction

[Anonymous No.49672780]

>>49667276
WE WILL NEVER GO BACK TO THE DAYS WHEN YOU COULD BUY A HOUSE ON MINIMUM WAGE SALARY

READ THAT AGAIN

[Anonymous No.49672792]

>>49672425
>This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

[Anonymous No.49672877]

>>49668327
t. increasingly nervous overpriced home buyer

[Anonymous No.49672909]

>>49667276
I hope the housing market collapses 99% just long enough for me to buy a couple houses, and then I hope it goes back up 10000%.

[Anonymous No.49672979]

>>49667346
>just grandmother
>foresee
>female
>foresee
She was just a whore for Jews and happened to buy silver like the kikes that shat on her

[Anonymous No.49673008]

>>49672979
Meant for this
>>49668467

[Anonymous No.49673227]

>>49668431
the definition of M1 was revised to new criteria in May 2020, the actual jump was about 50%, not 400%
https://www.youtube.com/watch?v=L0pTrNEQ-JU
(skip ahead to 19:47)

[Anonymous No.49673257]

>>49673227
Sure rabbi, they revised it to make it seem more, not the other way round

[Anonymous No.49673742]

>>49672107
>miami
Why don’t you try the other 90% of Florida. Actually no you should stay in your retarded hellhole we don’t want anymore faggot carpetbaggers anyway

[Anonymous No.49673838]

CRASH FFS.

[Anonymous No.49673990]

>>49668064
> It will be faster this time, all cycles are compressed

Yes and no. Housing prices are "sticky". Which means you have to watch both sale price and how many sales are getting done. What will happen at first is prices will not drop - but sales of houses will plummet. Buyers anticipate a decline and will not buy at the inflated prices, but sellers don't want to sell at a loss, and are not compelled to sell immediately so decide to wait it out a few weeks/months.

So if housing prices are stable, look if the amount of sales is like it was in years previous or if the market dried up. If the market dried up it is the prelude to falling housing prices.

[Anonymous No.49674308]

>>49667679
This gets brought up every time and many anons still don't underatand how illiquid housing is. Probably young kids t b h
>>49668064
Pic related. If anything, it'll take longer since we were in a bull market for so damn long
>inb4 covid recession
Muh V shaped recovery
>>49669415
Getting the bottom is best, but as long as you wait a year or two you'll get a good deal depending on how long you plan to stay put. Plus you can always grt a starter home, refinance, then several years later buy ANOTHER home and ride the next bubble. Although they'll prpbably legislate against this because it remains an open avenue for the working class to rise.