Too bad Rentoids

[Anonymous No.50359719]

The housing market isn't crashing

https://www.deseret.com/2022/7/14/23216552/us-housing-market-slowing-problem-home-supply-historic-low-interest-rates-prices?utm_campaign=katiemckellar1&utm_content=chorus&utm_medium=social&utm_source=twitter

[Anonymous No.50359728]

>>50359719
>utm_source=twitter

[Anonymous No.50359743]

>>50359719
>rent is still increased

It'll be another 20 years until the Boomers finally die off

[Anonymous No.50359746]

>>50359719
Funny they didn't extend this from 2007

[Anonymous No.50359768]

For the first time in years I’m seeing for sale signs in my city staying up for weeks at a time. The past two years I don’t think I’ve even seen a for sale sign, it was sold without needing one

[Anonymous No.50359783]

>>50359746
Here's the homes built since before 1960. The past decade has seen historically low building rates.

[Anonymous No.50360000]

>>50359768
So basically the number is Jones for sale is up from zero to two or infinity percent.

[Anonymous No.50360054]

>>50359783
Why put forth the effort to build when you can buy and flip?

[Anonymous No.50360057]

>>50359719
>historic low

there are over 1M homes coming online by the end of this year

[Anonymous No.50360146]

>>50360057
New homes? No, builders are halting construction

[Anonymous No.50360528]

>>50359743
You're insane if you think property developers will let their investments drop off. Expect even more immigration to offset boomers. The West is literally going to wipe itself out of existence just so a few CEOs can get their bonuses. A fitting end for a shitty society.

[Anonymous No.50360713]

>>50360054
Not anymore lol, yhe only thing house flippers are going to get are fliped fingers. What ever liquidity the government tried to push has exhausted

[Anonymous No.50361192]

>>50359728
fpbp

[Anonymous No.50363045]

>>50361192
>fpbp

[Anonymous No.50363087]

>>50359719
>chart stops at the literal tippity top peak of the bubble
>see guys? the bubble doesn't deflate if we don't continue the graph

[Anonymous No.50363112]

>>50360146
This. They can’t get supplies, or labor, or both.

[Anonymous No.50363234]

>>50363087
Chart stops at June retard

[Anonymous No.50363303]

>>50359719
dont care never buying

rather live in a hole dug on the side of a hill

[Anonymous No.50363333]

>>50363303
Can't do that if you don't buy the land

[Anonymous No.50363361]

>>50363303
Side of hills are valuable property

[Anonymous No.50363510]

>>50363333
Check my quads

[Anonymous No.50363540]

>>50359719
>chart drawn in crayola marker
>starts in 2013
>doesn't show current rise in supply
>boomer phone twitter link
these are the retards telling you housing will never crash.

[Anonymous No.50363562]

>>50363540
It may crash someday it's just not crashing now

[Anonymous No.50365355]

>>50363333
ch-*cough*-checked madame

[Anonymous No.50365409]

>>50363333
Checked, and are you really a grill?

[Anonymous No.50365455]

>>50360528

Yeah it's a clearpill to realize that nothing you do really matters all that much as your nation just becomes Brazil.

[Anonymous No.50365459]

>>50359719
sell now you greedy kike its 10 year slow-bleed for real estate. the bubble will deflate like a tire with a pin needle hole. This is the tippity top for long enough you may forget your own name by the time the market recovers, kys kike

[Anonymous No.50365481]

>it's not a bubble...

[Anonymous No.50365528]

>>50363045
nice selfie

[Anonymous No.50366412]

>>50363510
You had to check your own quads. It's a sad day on boreChan

[Anonymous No.50366430]

definitely not a bubble goy
https://twitter.com/0x_Templar/status/1537633886678573056

[Anonymous No.50366520]

I built and live in a detatched home in my parents yard and rent out my house for $50k a year. I literally go on international holidays every two months on some rentoids dime and when the bubble collapses i'll just evict them and move back in buy some REITs and stocks with my income and do the same thing when rates start dropping.

[Anonymous No.50367311]

>>50366430
>If I, the over-leveraged property "owner" with 50k a month debt payments, go bankrupt, it's totally gonna happen to everybody else
Jesus Christ people are really fucking delusional

[Anonymous No.50367448]

>>50359719
Zoom out. Zoom out to 2005. You might notice a low inventory trend and bidding wars then…and after that it dropped 40% in my area.

Right now in my area prices are down more than 10%, inventory has tripled, sales have slowed, pending a have slowed. More inventory is coming on and less people are buying. Guess what?

I hope you enjoyed that zestimate. Take a picture so you can show people how much your home was worth.

[Anonymous No.50367474]

>>50359719
>10 threads on biz saying housing isn't crashing
uhhh ok bro

[Anonymous No.50367514]

Real estate definitely isn't crashing, at least not here in Austin. The population is skyrocketing and supply can't keep up (especially not close to the city center). People need places to live and the demand will continue to drive the price up. Every real estate forecast is showing the same thing--while value may not increase as dramatically, it's not going to suddenly drop either.

[Anonymous No.50367533]

>>50367514
blah blah blah
same crap was said in 2008

[Anonymous No.50367583]

>>50367533
Not really an argument. You can say "people said the same thing before [some other market crashed]" whenever any market is currently not crashing. What are the economic factors making you think that home values will collapse?

[Anonymous No.50367587]

>>50360000
Wasted em, shame.

[Anonymous No.50367598]

>>50367583
home prices only spiked up because of easy credit
that credit is gone
prices are already going down
that simple
muh immigants with zero dollars are not going to prop up the real estate market

[Anonymous No.50367698]

>>50367598
I get what you're saying, and ordinarily yeah, higher interest rates would reduce demand for housing. But housing demand is very inelastic--people can't just decide to be homeless for a year or two until rates fall again, they need to buy or rent, and rent and home prices are heavily correlated. People will continue to need to pay for a place to live and the number of people who need to do that is only continuing to go up here (exceeding increases in supply).

>prices are already going down
Doesn't look like it to me.
https://fred.stlouisfed.org/series/MSPUS

Worth noting on this graph that prices bounced back from the 2008 recession in about 3-4 years. So even if we were going to see something akin to that, it would be a temporary blip on a graph that continues to go up.

[Anonymous No.50367751]

>>50367698
>posts data that ends in january 2022
opinion discarded
>So even if we were going to see something akin to that
it's going to be far worse
you dummies just don't get it

[Anonymous No.50367757]

>>50359719
yeah I fucking hate the people that rent my house.
Great tenants for 3 years, in a 4 bed room 3000 sf. house

guy has 4 kids

Talked to him a month ago.

THEN HE FUCKING BLOWS HIS BRAIN OUT IN MY GODDAM MASTER BEDROOM CLOSET

i hate rent fags so much

[Anonymous No.50367769]

>>50367757
you shouldn't larp about suicide, fag

[Anonymous No.50367783]

>>50367757
>THEN HE FUCKING BLOWS HIS BRAIN OUT IN MY GODDAM MASTER BEDROOM
fuck, I hate when rentoids do that
you know how long it takes to clean pieces of brain out of wall to wall carpeting?

[Anonymous No.50367810]

i'm long SRS from 14, I will close at 180 but that's probably a low ball target

[Anonymous No.50367948]

>>50367783
yes I hired a company its $6000

insurance does cover it but its 1k deductible

>>50367769
yeah I wish it was a larp.


Also am I a complete Jewish faggot if I go after the family for the 1k deductible and losses on the value of the house.

Guy was military so the wife probably just got 400k

[Anonymous No.50367987]

>>50367948
>doubling down on the larp

[Anonymous No.50368545]

>>50367514
>Real estate definitely isn't crashing, at least not here in Austin. The population is skyrocketing and supply can't keep up (especially not close to the city center). People need places to live and the demand will continue to drive the price up. Every real estate forecast is showing the same thing--while value may not increase as dramatically, it's not going to suddenly drop either
My sweet sweet little Austin yuppie.
Where do you think the money to buy a house is coming from? Do you have $700+k sitting around burning a hole in your pocket? Do your friends from college with your swanky new jobs that migrated from CA?

You weren't around in 05/06 to hear people say the exact same things you're saying. You weren't around in 05/06 to see what "every real estate forecast" was predicting.

The reality is that the real estate market is debt fueled, and the derivatives based on that debt have tendrils that creep into the deep places of our financial system. The residential RE market is entirely dependent on credit, because half of the fucking industry isn't even about the land or the development, it's about trading securitized debt, it doesn't matter where you are. If credit dries up, the real estate market dies. It's really that simple.

Fuck your models. Financial people do not understand the average joe. Realtors do not understand finance. Neither understand employment markets/pressures, and nobody models middle class familial stresses accurately.

There is nowhere you can go to accurately assess the threshold at which a real estate crash becomes a self-feeding loop. You are guessing, just like everyone else.

I'm not saying you're wrong. But what I am saying is that your theory, even if you're right, has a limited upside, and nearly bottomless downside. I would never put my money on it until we've made it through QT in a few years.

[Anonymous No.50368587]

>>50365481
>price cut

[Anonymous No.50368674]

>>50368545
I don't think QT is possible, the balance sheet of the fed hasn't decreased. I think we will get at best deleveraging events such as in march 2020 and then immediate QE reinflation of the system until we get a hyperinflationary scenario or a "black swan" credit collapse and a new CBDC currency

[Anonymous No.50368696]

>>50360057
No dude I work in commercial construction and have for years. Ive seen this before. when fed hikes its rates hard heres what happens:

Any house under construction is finished and put to market .... crew laid off. this process takes about 2 months.
Condos under construction depends --- have they finished the concrete and begun framing ... answer "yes" ... then they race to complete, hiring as many guys as they can, and put new condos to market, then lay everyone off.
concrete is not finished ... project put on hold, crews laid off.

so you will see a whole bunch of crews rushing to complete whatever they have, throwing as many guys and mats at job as possible .... then the layoffs. so you might see a whole lot of units come upfast in next 3-6 months, but by christmas alot of guys will be looking for work.

[Anonymous No.50368767]

>>50367948
Maybe you should have lowered the rent

[Anonymous No.50368774]

Keep smokin that hopium. Stoked to buy your house for pennies on the dollar after you go upside down on it

[Anonymous No.50368822]

>>50368674
Housing is lagging. The Fed already managed to do some damage and that is in the form of unemployment and liquidity loss. The fed does not need to tighten much for the housing markets to start freezing. The main factor for a housing crash is whether the normies can afford the bills when they don't have jerbs and for how long. Once this starts burning, so does growth in the system. This is part of the reason why the FED will pussy out later next year.

[Anonymous No.50368881]

>>50368822
well theres more then just those factors in play. as rates increase for mortage holdrs they also increase for business, which means layoffs (which causes more houses to hit the market), but it also slows down constructions (which provides upward pressure).now I dont know how much the average price drop will be, but here in leaf land the talking heads are saying prices will rise by 5% or more. now of course they are full of shit, cause prices are already dropping by 10%. but how far it will go, who knows.

[Anonymous No.50368989]

>>50368881
Yes true. Consider the following. If they start losing jobs and defaults occur, or for more fun a mortgage jubilee protest happens(china). The banks will be unwilling to give funds to new buyers. New constructions are already outside the ranges of middle or lower classes. Demographics are lower for almost everyone except Latin America and Africa. Roughly 20% on average (US) are owned by investors.
It does not look good the more time it goes on(waiting on FED surprises). Yea who knows ;^), I am just glad I am mostly in cash when I got out in January(thank you corrupt fed chairs).

[Anonymous No.50369236]

>>50367698
Apartments exists. Opportunity zone development is flooding the market with vacant units. Where I live there are 5 huge complexes under development, i cannot imagine the market demands such development.

[Anonymous No.50369312]

>>50359719
Housing is shifting to a buyer's market for the foreseeable future (possibly years)

[Anonymous No.50369561]

>>50360528

City of God is your future if you live in America.

[Anonymous No.50369868]

>>50359719
Market is definitely cooling but at this point a crash is starting to seem unlikely and totally implausible. Maybe that's reminiscent of what people thought in 2007 but the difference is that 2007 was caused by insanely lax mortgage guidelines and retards all over extending. This more or less caused the recession but it's what made the housing crisis so much worse.

Now we're in 2022 and the only people who own homes and were buying were generally people who could afford to do so. But there's a lot of investor types out there as well so it pushed the bubble up. It's unlikely that there is some catalyst that's gonna cause a 2008 tier crisis from my amateur perspective. But, if the fed keeps drunkenly hiking rested than there is a very real possibility that they could cause people to lose their jobs, who will in turn lose their homes. That could definitely trigger a big sell off. But my hypothesis is that this isn't likely to hurt housing prices more than just cool off the buying. Prices will go down but they aren't going to crash. Hell the average home fell like 30% max in 2008 or something like that. So essentially we are all still hosed

And yet my retard mom wants to move into an apartment rather than fix her home and wants to sell it to one of those gay ass cash at closing tv ads. I hate boomers so much.

[Anonymous No.50370267]

>>50369868
You are not accounting for the fact a hell of a lot of investors buy property to rent on debt and it's a constant game of spinning plates to keep it all from falling down which is what happened in China and look how that turned out.
>It's unlikely that there is some catalyst
When the recession happens (it will, it's actually not an if but a when, we are technically already in the beginning of one), jobs will go bust, which means people won't be able to rent or buy, which means there will be no demand. Investors who are massively in debt will panic sell and this will cause a chain reaction.
Anyone who bought a home at this point will enter in to negative equity if they bought above their means, which unfortunately is a thing a lot of people couldn't help due to costs and pressure of FOMO.
In most countries, interest rates are not permanent and change after a few years. Inflation going up means interest rates go up which means people won't be able to afford repayment on their homes, especially if the job market goes south.
Supply is also getting bigger and bigger. I live in a capital city and they are cramming as many houses in any space they can in the past 2 years, they're everywhere now.
Yes the banks were braindead back in 08, but that shit aside, the things I listed above I already watched play out in 08. As much as people don't want to accept it, we are in the same situation again and anyone who lived through that shit can spot it a mile away.
Anyone who believes there won't be a crash is living on wishful thinking. The fact that countries are now throwing around the idea of 40 and 50 year mortgages that transfer to your children should be your warning sign that they are desperate to keep the house of cards from falling because it's at danger of going tits up.

[Anonymous No.50370654]

>>50367448
>Right now in my area prices are down more than 10%, inventory has tripled
Nope see pic
>More inventory is coming on
Nope, builders are halting construction

[Anonymous No.50370668]

>>50367533
>same crap was said in 2008
It's not though. In 2008 everyone knew we were in trouble and prices were crashing.

[Anonymous No.50370701]

>>50368545
You rentoids keep dreaming that this is a repeat of 2008 but the fact is 2008 was the exception and most recessions don't see massive drops in housing prices. We are not anywhere near a perilous situation. The media makes it out to be but that's just their typical sensationalism. The fact is we've been in a recession since the start of the year and housing prices are up.

[Anonymous No.50370732]

>>50370267
Another rentoid praying for a market crash. If an investor bought a property to rent they are going to enjoy collecting the higher than anticipated rents rather than sell at a loss. You rentoid's dreams defy common sense.

[Anonymous No.50370751]

OP is desperate to to sell his property bags

[Anonymous No.50370784]

>>50370751
Trust me I have no interest in selling my zestimate anytime soon

[Anonymous No.50370825]

>>50363333
>>50363510
>>50365355
>>50365409
>>50366412
Yes, it is a real grill. How do I know? Roastina checked her own quads

[Anonymous No.50370849]

I had a friend a few weeks ago who went completely apeshit on me because no one was buying his overpriced shithole he tried to flip then wanted me to buy it. I said no and he tried physically assaulting me and after I beat him up he asked to borrow money. Why are real estate baggies like this?

[Anonymous No.50370966]

>>50370849
real estate baggies operate from the principal that numbers only go up
they can't take any loss

[Anonymous No.50371528]

>>50370849
You sound like a retard with retarded friends or you're just larping. Either way you're retarded

[Anonymous No.50372120]

>>50370849
>>50371528
>Implying this is anything other than a low effort larp
c'mon bro

[Anonymous No.50372208]

>>50359719
Watch this
https://www.youtube.com/watch?v=77g6jRBG1cI
Very nice break down by someone who actually knows what they're talking about, the jeet lady works in construction, nice channel actually if you're into construction

[Anonymous No.50372269]

>>50371528
Is chud out fucking other women? fr

[Anonymous No.50372453]

>11 posts by this ID
Zillow Defense Force is working overtime today. It’s going to crash and there’s nothing you can do about it.

[Anonymous No.50372998]

>>50372208
>Coping rentoid posts video from coping rentoid
Cope

[Anonymous No.50373025]

>>50359719
>THE TITANTIC ISNT CRASHING DOOMERS BTFO LMAOOOOOO

[Anonymous No.50373112]

>>50368545
This is a high iq post

[Anonymous No.50373141]

>>50359728

>what is redfin

[Anonymous No.50373144]

>>50359719
historic low means we go lower right? soon there will be less than 0 houses on the market and everyone will be on the street! that is surely good for the housing market!!!

[Anonymous No.50374241]

>>50367810
>i'm long SRS from 14, I will close at 180 but that's probably a low ball target
180? That's like a 10 year high right?

[fat landchad No.50374382]

>>50359719
Rentoids are fucking disgusting creatures. I'm already itching to evict my rentoid and single mother of 4 when she's not tipping at least 20% on her rent.

[Anonymous No.50375955]

>>50370267
This poster gets it.

[Anonymous No.50376698]

>>50373144
It means even if more houses come on the market we have a very long way to go before prices start dropping

[Anonymous No.50377997]

>>50367598
The immigrants are just there to provide cheap labor while driving up rents for the institutions and wealthy who will own the homes.

[Anonymous No.50378654]

>>50376698
uhuh! sure thing!

[Anonymous No.50378672]

>>50370654
You fucking dolt, I don’t know where you get your dumbass idea that the nation applies to my area. Where I am crashed before the rest of the country in “2008”, we are the canary in the coal mine, and model matches are selling for more than 10% less than they did in may. Inventory is up 3x in my area. There is no new construction in my area because it’s already built out, the inventory we are seeing is existing homes for sale.

There was a central neighborhood where homes wouldn’t last more than a weekend on the market, now there are 14 active homes and 2 pending, its over faggot. You’re zestimate is done. BTW I own my home, I’m just not a blind goblin.

[Anonymous No.50378839]

>>50377997
you realize companies like that buy things so they can dump them later, right

[Anonymous No.50379033]

>>50370267
What you're describing isn't a housing crash, but a global financial crash
It's definitely happening, but to assume it'll make housing more affordable is fucking retarded and an arrogant misunderstanding of how fucked we truly are

[Anonymous No.50379136]

>>50370732
>thinking investors bought property
even if they bought in cash (they didn't), one cannot own what one cannot manage.

[Anonymous No.50379221]

>>50359719
now show me the supply of demand. If there's no marginal demand, it just means homeowners are holding bigger bags than anyone who bought BTC at $65k.

[Anonymous No.50379229]

>>50379033
houses will still cost more than some poor person can afford, but they will lose 50%+ of their value which was only there because of easy credit and speculative gambling

[Anonymous No.50379303]

>>50379229
>lose 50% of their value
>on a fixed rate loan
>when real inflation is 25%+
The only thing I think we disagree on is that we can maintain this system and that it's not going to completely collapse under the weight of itself

[Anonymous No.50379361]

>>50378839
so they're buying high and will sell them low?
Or will they do homes like the diamond extracting industry and only sell some at a time?
the only thing about that is that new homes can be built
and what will they do with these empty homes?
empty homes like these, have a tendency to be lit up and burn to the ground within five minutes by people in the community who have had enough. easy, untraceable crime.

[Anonymous No.50379376]

>>50379303
You can have fun paying your fixed rate loan but your underlying asset will have lost 50%+ value, yes.
I hope you picked a good location that won't have any environmental/demographic troubles in the future

[Anonymous No.50379635]

>>50370784
>>50370732
>>50370701
>>50370654
KEK this guy posts the same images in every thread about housing. Either a seething boomer or paid shill. Literally just make a thread about house prices and wait for him to post FRED inventory chart green Zestimate wojak.