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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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50522605 No.50522605 [Reply] [Original]

People were only selling due to low interest rates and pumped up prices. 90% of people who own a home right now have a good mortgage rate and wont sell during a crash because mortgage rates are currently high again and they still need a place to live.

>t. If you dont own a home by the end of the year, you are unironically going to sleep in the pod and eat the bugs for the rest of your life. COPE AND SEETHE HOOOOMERS, WAGIES AND RENTOIDS

>> No.50522629
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50522629

>>50522605
How are wagies going to pay off a mortgage with no job?

>> No.50522638

>>50522605
we just need it to crash hard. not talking about a measly 20 or 30%. it needs to crash with no survivors. at least 60% lower compared to current prices. that's why noone should rent or buy until it happens. better to live in your car for a year if it means you can buy a nice house in 2024. stop being sheep

>> No.50522640

>>50522629
>"wagies have no job"
>record labor shortage,businesses everywhere desperate to hire anyone they can

please go on

>> No.50522657

>>50522640
I'll take you telling me more about the labor shortage, for starters, and why it is even a thing.

>> No.50522678

>>50522640
That won't last forever. Especially with inflation.

>> No.50522932 [DELETED] 
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50522932

fuck jannies for not letting me reply to my own thread

>> No.50522956

>>50522638
>>50522657
>>50522678

Please explain just exactly who will be willing to sell their house at rock bottom when they have already refinanced with a very low interest rate and still need a place to live?

>> No.50522982

also FUCK JANNIES, get the fuck out of here with the "the system thinks your post is spam. Please reformat and try again" Bulgarian discord faggots are censoring what im trying to post

>> No.50523102

>>50522638
>>50522657
>>50522678

take a wild guess as to why there is a labor shortage right now. how many people have been randomly dropping dead lately?

>> No.50523474

>>50522640
Labor shortage for the shit paying jobs.

>> No.50523511

>>50522640
If that’s the case, why are most of the job listings on indeed pajeet scams to mine peoples names and social security numbers?

>> No.50523741
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50523741

>>50522605
>owning a home is the key to prosperity

>> No.50525384

>>50523474

even tech companies are desperate to hire people, same in healthcare.

>>50523511

just IMAGINE using indeed to find a job. do you not have a career path anon?

this thread is for people who can actually afford to buy a house and are waiting for the "crash", despite the fact nobody is going to be fucking selling except people who legitimately have to move for work etc

>> No.50525566

>>50522605
BREAKING: INCREASINGLY NERVOUS MAN IS CERTAIN THAT IT'S DIFFERENT THIS TIME

>> No.50526202

>>50525566
I own a home in full, im not worried about shit. Just a friendly reminder that you are going to eat the bugs and sleep in the pod if you dont buy a house while there are still good ones to be found