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/biz/ - Business & Finance

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50191361 No.50191361 [Reply] [Original]

why is real estate still mooning despite everything other asset class crashing hardcore

>> No.50191443

>>50191361
Third world immigration

>> No.50191468

because immigration and population growth drives up prices
inflation drives up prices directly
inflation drives up prices of materials used to build houses, further driving up prices of existing homes

people need to live somewhere, but they don't need to own silver

>> No.50191497

>>50191361
It isn’t

>> No.50191528

>>50191361
It’s almost like QE hasn’t stopped :)

>> No.50191541

>>50191361
To destroy your quality of life, money doesn't matter.

>> No.50191620

>>50191541
This 10000%

>> No.50191948

rentcucks eternally btfo. we warned you during lockdown to buy in.

>> No.50192003

It's a slow reacting industry. I'm selling one of my houses right now and still getting good interest. But it is cooling, surely.

>> No.50192111

>>50192003
I know a property that was bought for under $200k this year. Now it’s foreclosed, and HUD is trying to get close to $500k for it.
This market, and buyers, don’t make sense.

>> No.50192122

>>50191361
Can't make new land. Rentoids btfo

>> No.50192596

>>50192122
Most land is empty and we can absolutely make more of it by improving unusable land. Back when America was a actually a free country and not a shithole, you could literally just move onto empty federal land and claim it as your own.

>> No.50192785
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50192785

>>50191361
Because nothing can stop my zestimate

>> No.50192810

>>50192596
You can buy undeveloped land in a rural area though. Good luck with employment and utilities.

>> No.50192824
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50192824

>> No.50192839

>>50192596

The pace of development has slowed incredibly. Zoning/regulations/permits are much more tedious and slow. People want utilities now and that means more construction time, effort, and proximity to infrastructure. The restriction isn't supply of land, it's build time + effort.

>> No.50192860

Probably cause no one is building houses, materials cost about 60% more than they did 2 years ago kek

>> No.50192865

>>50191361
to keep undesireables priced out

>> No.50192920
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50192920

>>50191361
This is why. There is too little supply.

>> No.50192997

>>50191361
immigration and government buyouts

>> No.50193019

>>50191361
It is tanking in Canada.

>> No.50193028
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50193028

>>50191361
Real estate is the endgame.
It is the last thing to fall because it is the first thing everyone tries to protect -- their home. The home ties in closely with the average consumer's purpose in life.

It is also the average consumer's largest store of equity/value.

Right now the real estate market, at least in the US, is debt fueled -- there are a lot of speculators in the market as well. We've already seen a hiccup after the Fed bumped IR 75 basis points.

Consumers that bought a home within their means will be fine to ride it out. Consumers who leveraged their property and/or leveraged themselves to carry high-value and/or multiple properties will crash very soon. Institutional investors are already adjusting quietly. Retail has not... yet.

When it goes, it will go quickly, and it will drag the availability of consumer credit with it. Invest accordingly.

>> No.50193054

>>50191361
it isn't. the "estimated price" of a home that isn't for sale doesn't fucking matter.

>> No.50194074

>>50191361
it isn't
look up the data
inventory is through the roof

>> No.50194154

>>50194074
>>50192920
this data?

>> No.50194456

>>50192111
I got my house for 240k, held for 5 years and the house down the street is selling for 700k. Seriously, this market is fucked. It can’t keep rising at this rate forever. Real wages need to double maybe even triple for this shit to make sense.

>> No.50194512
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50194512

>>50192111
I get paid $22/hr to flip burgers.

>> No.50195510

>>50193019
source

>> No.50195529

>>50191361
it isn't. the shittier markets lag the larger markets but the overall picture is still decline

>> No.50195536

>>50191361
Big black rock

>> No.50195543

>>50194154
no, that data is out of date
just google "housing inventory"
it's surging, and prices are declining
now this is the part where you say "it'll just be a minor dip bro"

>> No.50196080

>>50195543
>Updated: Jun 30, 2022

>> No.50196313

>>50195543
>June 30, 2022
Another retard who doesn't know how to zoom out.

>> No.50197942

>>50196080
>>50196313
current date: july 6th