will housing market crash too?

[Anonymous No.49789439]

[Anonymous No.49789502]

>>49789439

Hmm its a domino effect. What you expect anon?

[Anonymous No.49789634]

Crash? Hard to judge if it’s gonna justify that label.
Prices are already going down however as demand has plummeted compared to 1-2+ years ago. How useful that’s gonna be in terms of affordability is questionable though as mortgage rates are gonna skyrocket.

[Anonymous No.49789664]

>>49789439
yes, my retard brother-in-law thinks it will go up forever kek

[Anonymous No.49789676]

Nah it will just stall for a little bit. Down payments will be affordable but mortgages will be through the roof.

[Anonymous No.49789693]

Yes, but no one will notice because inflation will make up for it.

[Anonymous No.49789707]

It can't crash. I own 17,246 housing units entirely by loans. If you zoomers refuse to pay my rent I will make sure with my network that you're all fucked and we'll just get another bailout.

[Anonymous No.49789744]

"I'd say if you are homebuyer, somebody or a young person looking to buy a home, you need a bit of a reset."

[Anonymous No.49789803]

>>49789439
Yes but rates will be 7-9% interest for the next several years so have fun paying a premium for your goyshed

[Anonymous No.49789855]

It has begun.

[Anonymous No.49789992]

>>49789439
In areas where nobody actually wants to live, yes it will crash. In cities where all the good jobs are, no.

That's how ghost cities got built in China - as investment properties for the poors who can't afford to buy in a real city. Those will fall the hardest.

[Anonymous No.49790221]

It's just in a bit of a gully

[Anonymous No.49790760]

>>49789439
6 months ago if you asked people if BTC will crash down to 20k they will say it was impossible, now look where it is. Every motherfucker is thinks housing cannot crash, well I got some bad new buck

[Anonymous No.49790939]

>>49790760
>6 months ago if you asked people if BTC will crash down to 20k they will say it was impossible, now look where it is. Every motherfucker is thinks housing cannot crash, well I got some bad new buck


Its not gonna crash anon. Keep wishing it you did. It will never crash again.

[Anonymous No.49790990]

>Majority of people are now priced out and can't even qualify for a mortgage
>Even those who locked in at low rates have to deal with inflating gas, food and maintenance costs
>Interest rates going to their highest level since right before the 08 recession when houses were 1/2 of the price they are today

People will cope about this with muh supply, but they don't realize how people can even afford to continue paying their mortgages when their purchasing power is quickly decreasing

[Anonymous No.49791004]

>>49789439
no, real estate is a tangible asset that is always in demand. people need shelter. a small 10% correction perhaps, but nothing too dramatic. ignore the rentcuck cope. supply is purposefully kept low. building is expensive now. real estate will continue to be the endgame. the best time to buy is always NOW.

[Anonymous No.49791023]

>>49790939
It's mathematically impossible for housing to fall below 20k

[Anonymous No.49791077]

>>49791004
The American education system is absolute shit

[Anonymous No.49791132]

>>49789439
housing will nver crash the politicians will never allow it. can't they just raise interest rate but keep buying MBS? There has to be a way to keep all this going

[Anonymous No.49791182]

>>49789744
>crashing the real-state market with no survivors to give zoomers a chance of owning a house
Powell g-good?

[Anonymous No.49791203]

>>49790221

[Anonymous No.49791213]

>>49789439
Houses are real things that exist in the world, bitcoin is a number on a computer

[Anonymous No.49791230]

a ton of houses in my area are for sale now. I think people are rushing to try and cash in right now. this will increase the amount of houses on the market

however applications for mortgages are at a historic low right now. so with higher supply and lower demand we should at least see a bit off pullback here soon, crash is unlikely

[Anonymous No.49791437]

It already crashed, you just don't know it yet.

[Anonymous No.49791549]

>>49789439
Housing is going to drop 50%, minimum

[Anonymous No.49791769]

>>49790939
It will, I'm opening a short as soon as my retard cousin tells me he's going to buy an investment property. He's the best top signal ever, got me out of crypto at peak

[Anonymous No.49791991]

>>49791213
Bitcoin is manufactured difficultly that shouldn't exist.

They try to sell you it's worth because people assume that the difficulty of mining it gives it value.

Yes, it's expensive and hard to mine, but Nope it doesn't mean shit. Only if you believe it does.

[Anonymous No.49792126]

the villain of the housing market is inflation.

the housing market is currently on the defensive against inflation. once peoples wages stagnate and inflation rises people will not be able to afford houses, which will then make those desperate to sell to lower their house values, thus hurting the sellers who are more patient.

the housing market won't crash like 2008. just like the 1970s didnt crash the housing market even though there was inflation.

we might see some capitulation in housing prices, it's possible we can see a slight discount in housing prices but if wages stagnate nobody is going to afford a house price increase

[Anonymous No.49792219]

yeah bro

just two more weeks

[Anonymous No.49792480]

>>49792126
Wages are increasing quite a bit though. Min wage in my state is $15/hr and will be going up in a few months. Most burger joints pay $21/hr near me. In and Out pays $22/hr for starting wage.

[Anonymous No.49792498]

>>49791769
Hey asshole, this is your cousin. I fucking heard that.

[Anonymous No.49792580]

>>49792480
You can’t buy a house on min wage fren.

[Anonymous No.49792678]

>>49789439
House prices are determined by supply and demand. Prices WILL NOT go down because there's simply no supply. Sure, inflation, higher rates, and depression will move the demand curve left, but prices will defy economic law and not drop. You're priced out, sorry.

[Anonymous No.49792765]

>>49792498
Sorry bud
Go fire up the grill and forget about it

[Anonymous No.49792954]

>>49792126
I got news for you brother, bitcoin collapsing isn't a sign of inflation, it's a sign of deflation. The market dropping 25-30% the last 6 months is a sign of deflation. The Atlanta and Chicago fed printing 0% GDP last week is a sign of deflation. Markets discount the future, not the present. Forget the 8.3% CPI last week. That was discounted months before. You are about to witness the most epic deflationary market collapse in American history. They'll be giving aways TVs, clothing, and cars this summer. Want housing? It's yours - we'll finance you at %0 APR.

[Anonymous No.49793055]

What level of cope is this?
>>49792954

[Anonymous No.49793139]

>will the physical commodity crash
jeez how deep are you in the rabbit hole?

[Anonymous No.49793219]

>>49791182
for you

[Anonymous No.49793241]

Depends where you live. If youre not on a coast then good luck.

[Anonymous No.49793395]

>>49791213
crypto does have uses in that it can do things that fiat can't do, like be transacted anonymously with anyone in the world. The problem with Bitcoin is it actually couldn't do any of these things and just became a meme. XMR is probably going to survive this because it has actual utility for illegal or simply private transactions. Same thing with cryptos that can actually be used for stuff like FileCoin.

But yes, any crypto as an investment is a meme.

[Anonymous No.49793422]

I hunger

[Anonymous No.49793494]

>>49793055
Not cope, probably an underage who read an article about inflation and thinks everything in the economy is a result of it.

[Anonymous No.49793540]

>>49789439
Housing market wont crash. In fact it will get very ugly fast. Why?
1. Price of everything is up and still going up, so new construction will be priced out. Land, materials, labor, basic appliances and fixtures, etc.. Over supply wont be happening anytime soon.
2. More than a few peoples credit has been destroyed over the last 3 years so they are holding on to what they have.
3. Interest rates on loans have and will be sky rocketing so they hold on to what they have locked in.

So no one will want to sell, because they would take a hit buying anything else. House availability will be very few to not even happening.

[Anonymous No.49793567]

>>49792678
lawyers living 5 to a room!
dentists under bridges in tents!
you stupid mutt fuck.

[Anonymous No.49793588]

>>49793055
https://finance.yahoo.com/news/focus-u-retailers-ballooning-inventories-181242309.html

[Anonymous No.49793628]

>>49793540
> no one will want to sell
yeah we fucking know: forced sellers

[Anonymous No.49793643]

>>49793540
People that are forced to sell will settle for -50% crashing the market

[Anonymous No.49793724]

>>49793540
>So no one will want to sell, because they would take a hit buying anything else
Of course they don;t want to sell but a recession is coming which is followed by people losing their jobs. No job means they can't afford to repay their mortgage and their house get reposessed.

[Anonymous No.49793760]

>>49789664
> It's 2030, you have no privacy and own nothing
They have strict dead lines, you didn't get the memo?

[Anonymous No.49793789]

>>49789634
>Crash? Hard to judge if it’s gonna justify that label.
I didn't know somebody reset the forum slider AI chat bots to run interference on the upcoming real estate crash but I can't WAIT honestly

[Anonymous No.49793851]

>>49793540
housing materials are crashing right now, -50% from the peak. You are at least 6 months to a year behind the cycle.

[Anonymous No.49793917]

>>49789439
No, Blackrock will swoop in to buy all the houses at 30% over asking if it starts to go down too much.

[Anonymous No.49794058]

>>49791549
So burned down cuck sheds in SF are still going to cost a million +.

[Anonymous No.49794094]

>>49789439
Its showing the signs finally

[Anonymous No.49794152]

>>49793789
wait is the second price how much they actually own? Do they still have loans to the banks

[Anonymous No.49794182]

>>49793789
lmao bro all I said is it’s gonna be hard to predict the extend of the damage
At the end of the day housing is still in high demand compared to supply, even if it’s relatively less now

[Anonymous No.49794234]

I don't own a house but had about 95k invested in this REIT that I considered my house fund. Sold in 2020 at a loss but it could have been worse. Rising interest rates will gut housing. It will take a little time to get there but it will absolutely happen. This won't be as bad as 2007 though.

[Anonymous No.49794255]

>>49789439
Yes, but it wil take longer and lag behind the rest of the market.
2008 housing market didn't bottom until around 2012.

[Anonymous No.49794276]

it will drop 10% in some shitholes and that's it.a

[Anonymous No.49794300]

>>49793851
>housing materials are crashing right now, -50% from the peak.
oooh 2x4 are reasonable again when checking now, thanks. Plywood pricing is still fucked though. I wanted to redo some subfloor.

[Anonymous No.49794313]

>>49794058
yeah, but they'll never go up again. It'll be a slow burn.

[Anonymous No.49794406]

>>49794152
>Do they still have loans to the banks
it's all leveraged bro
>>49794182
it's okay bruh, you'll be a real sentient machine one day. maybe they'll even let you pick a custom shell to walk around in like a fnaf animatronic or a synth or a human like in Detroit Become Human
top indicator 2/2 should start at 6:27
https://youtu.be/UX4KklvCDmg?t=387

[Anonymous No.49794502]

>>49791230
>crash is unlikely
hello coping soon to be under water home "owner"

[Anonymous No.49794661]

>>49792480
Yet entry level jobs for college grads are still $18/hr kek

[Anonymous No.49795483]

>>49789439
Avrage of 40% price cut.

[Anonymous No.49795777]

>>49794234
It will be worse than 2007. There is a lot of wealthy people who are leaving the united states and buying homes in other countries. You can get a way better house in Portugal, Mexico, Puerto rico, Romania,Thailand, ect.Also, you can live like a king in those countries. Why pay 3 times the amount just to be shot at and eat rice and beans?

[Anonymous No.49795787]

>>49789992
>In cities where all the good jobs are, no.
Those places get hit by layoffs the hardest.

[Anonymous No.49796084]

>>49794661
>Yet entry level jobs for college grads are still $18/hr kek
I was under the impression they on average paid $12. the absolute ceiling for anything I found right before and after graduating was just over $14/hr on average conspicuous standouts paid as little as $11/hr

[Anonymous No.49796554]

>>49792954
>>49793055

Yeah if things went to zero interest the prices will explode again… the payment on a 1m mortgage would be the same as like a 250k mortgage at 6%

[Anonymous No.49796686]

>>49789439
The government needs to use the "booming" housing market to destroy people's wealth by making it impossible for them to own property. Once the middle class has to sell their homes to investors like Blackrock because they can no longer afford the taxes, their cash will quickly be destroyed by hyperinflation. So, no, the housing market bubble won't pop just yet. Probably not for another 5 years. But it depends on what is best for Blackrock and Vanguard and the other investors. If they can rig the tax laws so that they don't have to pay what normies pay then maybe they'll keep things booming for a lot longer.

[Anonymous No.49796740]

raising interest rates = unemployment = sales of assets

[Anonymous No.49796959]

>>49789439
Living in a coastal city in yurop, prices haven't budged one bit.
Nobody's selling, miniscule supply but steady demand.

Being priced out in your own hometown sucks

[Anonymous No.49796987]

>>49796686
Exactly this, and even if they do fuck up and cause a crash early, it won't be people with enough savings for a down payment who get the homes.
It'l be BlackRock swooping in buying over asking price, absolutely destroying people in bidding wars.

[Anonymous No.49797096]

>>49789439
>Thinking (((they))) will ever allow it

[Anonymous No.49797282]

>>49797096
>implying even (((they))) could force people to stay in homes they can't afford the mortgage payments on or rental houses / apartments they can't afford the rent for