/biz/ - Business & Finance

[Anonymous No.50175440]

housing inventory +200% sucked my dick???

[Anonymous No.50175486]

NO NOT MY ZESTIMATE

[Anonymous No.50175528]

>>50175440
Never selling my house so I don't really give a fuck about its price.

[Anonymous No.50175578]

>>50175528
you should post in every thread to tell us when it's not relevant you.
YOU NARCISSISTIC FUCK

[Anonymous No.50175718]

>>50175440
When already near zero any increase will look huge on a percentage basis. We are still far below pre-pandemic levels.

[Anonymous No.50175721]

Why do these youtubers always put their ugly faces with a faggot expression into their thumbnails

[Anonymous No.50175760]

>>50175440
2nd phase hyperinflation.

[Anonymous No.50175792]

>>50175721
Conditioning
>>50175718
It’s going to keep increasing as Fed raises rates and renders HELOC niggers destitute

[Anonymous No.50175812]

>>50175440
here come the copes
>no no no, inventory is still low cuz reason x y z

[Anonymous No.50175836]

>>50175718
this anon gets it
there will be another price surge later this summer

[Anonymous No.50175872]

>money printed every now and then
>somehow even with the money flow, delusional faggots think they will buy a house half its current price
buy now or get priced out forever

[Anonymous No.50175905]

>>50175792
If it doubles all you do is return to a normal level of price appreciation. The listings would need to quadruple at least for prices to start coming back down.

[Anonymous No.50177347]

>>50175905
prices are already coming down in the most overpriced markets. the markets that lagged in price appreciation are next

[Anonymous No.50177363]

kek I was just watching a reventure video

[Anonymous No.50177410]

>>50175721
'suggested videos' algorithm supposedly rewards it. a onions arms race, if you will.

[Anonymous No.50177470]

i bet my left nut mynzestimate go up

[Anonymous No.50177471]

>>50177363
i actually love his shit, he's one of the few data-driven analysts that seem to be consistently on point. some of the people they have on Wealthion are good too

[Anonymous No.50177520]

>>50177471
So do I. I graduated last year and have saved up a decent amount + some help from parents so I have been consistently combing my local market waiting for a place to come up. I have consistently watched my home town, which is one of the fastest appreciating markets in america, go from piping hot, to cooling down a bit, to every single house I've seen getting a price cut. It's nuts and he has been right on the money every time. Holding out for another year or so to buy though.

[Anonymous No.50177534]

Inventory in my area is up 3x from the beginning of the year. Still below normal levels by about 1000 homes. Check this out though, my clients just got into escrow for low 700s on a home that would have been 850k in may.

My associate has a home listed for 699k, and it finally got an offer a bit below asking (28 days). Here is the kicker, the last model match (same builder, same floor plan, same year built same sqftage) sold for low 900s in April.

Here is the best part, this party is JUST GETTING STARTED. It’s gonna crash fucking hard. Ignore realtors, they know nothing except “muh commission” and will tell their closest friends and family anything in order to make a buck. They aren’t to be trusted. And when this shit does wash out, agents will be on the chopping block, the blame is going to go on all these assholes who took out ads saying that we are not in a bubble. There will be regulations against predicting how the market it going to move. Cap this

[Anonymous No.50177570]

>>50177534
>here will be regulations against predicting how the market it going to move. Cap this
this is the dumbest shit i've read in awhile. get real, man

[Anonymous No.50177592]

>>50175836
>there will be another price surge later this summer

This is what we call the denial phase. I remember people taking their home off of the market in 2008 and they were going to “wait a year for the market to come back up”…

[Anonymous No.50177594]

>>50175440
where is source for housing inventory?

+200% sounds alot

[Anonymous No.50177614]

>>50177594
Pretty sure this is just base effect, but if these gains keep going oooohhh baby.

[Anonymous No.50177626]

>>50177570
Agents already can’t talk about the demographic make up of a particular market, if they’re restricted in that regard, what would prevent them from being restricted to telling the world prices only go up?

[Anonymous No.50177650]

>>50177614
sure but wheres the source for this info?

[Anonymous No.50177667]

>>50177650
idk some bald youtube faggot.

[Anonymous No.50177689]

>>50175528
>unvote

[Anonymous No.50177698]

>>50177592
You say that every year and it still pumps. Stay prriced out

[Anonymous No.50177724]

>>50177592
>then they lost their job

[Anonymous No.50177736]

>>50175721
youtube's (((algorithm))) prioritizes videos with so_y expressions

[Anonymous No.50177760]

>>50177698
But this year I just gave examples of 12.5% reduction in prices in the past 30 days. and it’s just getting started. Have fun in la la land.

[Anonymous No.50177770]

>>50177626
because what you're talking about is effectively making it illegal to make predictions, period, because there's no clean way to ever distinguish between someone lying for material gain or just making a bad prediction

[Anonymous No.50177782]

>>50177698
>prriced
stay esl

[Anonymous No.50177818]

>>50177594
https://www.youtube.com/watch?v=djE94ciqjnU

[Anonymous No.50177831]

>>50177770
if you are a realtor, then you're lying for material gain
seems pretty simple

[Anonymous No.50177844]

>>50177770
It may be illegal, it may just become an ethics violation. Either way, it’s my prediction. Realtors have been making terrible predictions in earnest and they will take the blame, the realtor machine has done an incredible job lying to the public and teaching them homes only go up.

[Anonymous No.50177912]

Bottle service girls who just got their licence have made millions of impressions explaining how we’re not in a bubble and that in this recession homes prices won’t go down. They should be regulated because they’re not qualified to make those kinds of claims. They need to shut the fuck up and help people who have made a decision to buy or sell, not convince people to buy homes.

[Anonymous No.50177924]

>>50177844
Homes only go up.

[Anonymous No.50177987]

>>50177924
Doesn't seem like it sweetie
Hope you got a good interest rate because you're gonna need it to cope with being underwater on your mortgage :^)

[Anonymous No.50178028]

>>50177534
retard

[Anonymous No.50178033]

>>50178028
>the mortgage holder lashes out

[Anonymous No.50178072]

>>50177844
stupid idiot

[Anonymous No.50178074]

>>50178033
I hope he REALLY REALLY likes his house.

[Anonymous No.50179159]

>>50175718
Cope

[Anonymous No.50179260]

Excuse me everyone, but what does inventory mean in this context?

[Anonymous No.50179349]

>>50177534
How do you know housing prices aren’t just cooling off to compensate for higher interest rates?

[Anonymous No.50179397]

>>50175718
lol no way man this chart looks totallly natural and legit yup lol just more people buying houses is all, nothing going on here out of the ordinary nope hah

[Anonymous No.50179798]

>>50175440
Inventory in my area (~100k population in 10 square miles) has quadrupled. Last summer there was maybe one home in the sub-500k region on the market at a given time. Today, there are four. Clearly, the market has been flooded.

[Anonymous No.50179833]

who is this youtuber and why is he advertising on 4chan?

[Anonymous No.50180719]

>>50175528
Based

[Anonymous No.50181010]

>>50175440
>>50175792
>>50175812
>>50177347
>>50177471
>>50177520
>>50177534
>>50177592
>>50177614
>>50177760
>>50177987
>>50179159
>>50179349
>>50179397

[Anonymous No.50181363]

Picrelated is monthly supply of houses which is creeping up to 2008 levels.
>The months' supply is the ratio of new houses for sale to new houses sold.

Not sure why monthly supply is so different than housing inventory which is supposed to be direct from the MLS. >>50175718

[Anonymous No.50181536]

>>50181363
listings of all houses vs. new houses. they're pulling more permits across the country than they did in the run-up to the 2008 crash

[Anonymous No.50181562]

>>50175528
Based

[Anonymous No.50181596]

>>50177534
Maximum coping rentoid

[Anonymous No.50181633]

>>50181596
>is presented with facts showing that housing is indeed going down
>respond with 'cope', 'rentoid', 'seethe'
so emotional about your investment

[Anonymous No.50181653]

>>50180719
>>50181562
bagholding an investment is le based

[Anonymous No.50181661]

imagine if all the zoomers that have been coping hard in these housing threads that pop up daily over the last two years had just bought a home in 2020 instead of whining about it?

[Anonymous No.50182034]

>>50179349
That’s part of it, for sure. But there are a ton of factors (high dti/poor credit loans, inflation the list goes on and on). That have me calling a “crash” beyond a rate correction.

[Anonymous No.50182062]

>>50181661
i'm just gonna wait and buy a house for cheaper than you did, whether you like it or not, sweetie

[Anonymous No.50182154]

>>50182062
no you won't, you'll get your 20% home price dip from ATH while paying a 5-6% mortgage rate

you will never again as long as you live see the type of affordability of homes you got in 2020 and early 2021. I'm sorry to break it to you.

[Anonymous No.50182180]

>prices up 200% in a few years
>maybe drop 15% max over next 10 years
OMG WE'RE CROOSHING!!!!
THE HOOSE PROOCES ARE CROOSHING!!!

[Anonymous No.50182279]

>>50182154
I'm half way there, got big block of rural land Jan 2021 and am grateful but no builders are available rn. What I don't understand is stagflation, can wages really stay low and construction costs high? Wouldn't I be able to just go into the construction business if this was the case? If its materials, wouldn't I just be able to go into the forestry business if this was the case? I just want fucking builders to start being reasonable again. Something will have to give in this regard, either construction costs return to mean or construction worker wages leg up to meet them. I am actually qualified to work in construction I just fucking hate it.

[Anonymous No.50183117]

It’s gonna drop like 40 percent

[Anonymous No.50183140]

>>50182154
cope
you have no idea what's coming

[Anonymous No.50183161]

>>50183117
try 60%
and that's if these hoomers are lucky

[Anonymous No.50183208]

>>50175836
are you fucking retarded

[Anonymous No.50183654]

>>50183161
I try to be conservative when making claims, but ya, i agree with you. Close to a decade of appreciation will be wiped out.