/biz/ - Business & Finance

[Anonymous No.50904943]

>real estate market is already down 50% from its peak in some of the most manipulated markets
B-But it's different this time! Housing prices only go up!

[Anonymous No.50904963]

>>50904943
Cope seethe dilate rentoid faggot.

[Anonymous No.50905007]

>>50904943
needs to go lower

[Anonymous No.50905011]

Fpbp

[Anonymous No.50905018]

>>50904963
>retarded homo that bought the top is already this butthurt and it hasn't even begun
This isn't the time for tears, that comes later

[Anonymous No.50905027]

>>50904943
Still at least three times what it's actually worth desu

[Anonymous No.50905034]

>>50904943
not even worth $500k

[Anonymous No.50905040]

>>50904943
isnt the weather in san francisco like really nice? 70's all year?

[Anonymous No.50905046]

I dont understand America

Here in Australia inner-city suburb = Rich people

But in America inner-city suburb = Poor people

Here in Australia if youre poor, youre forced to live far away from the city, in the outer-suburbs, but apparently in America the outer-suburbs are where the wealthy live.

Why is it the exact opposite?

[Anonymous No.50905050]

>>50904943
>est payment $7,775/mo

[Anonymous No.50905103]

>>50905018
Seethe, real estate will NEVER crash. You will never see BTC under 20k ever again, you will never see SPY under 420 ever again. You're a fucking loser faggot bobo who will be priced out of EVERYTHING.

[Anonymous No.50905123]

>>50905046
It's not the opposite, the rich live in penthouses in the city. Losers and racist /pol/tarded doomer bobos pretend that the city is bad, only losers live outside of the city.

[Anonymous No.50905153]

>>50904943
Still overboughted af!

[Anonymous No.50905188]

>>50904963
>>50905011
>>50905103
Yas queen! Slay! Hooms only go up!

[Anonymous No.50905207]

>>50905034
50k. pure garbage that needs none stop maintenance

[Anonymous No.50905208]

>>50904943

I am a property flipper in LA.
This is a very low price per square foot. There is something wrong with this property to be listed so cheap.

>Inb4 Muh San Fransisco, California

[Anonymous No.50905225]

>>50905046
Psy op.
The rich all live in the cities or way out in the country.
Suburbs are poorfag cope because they're marginally less poor than the poorfags in slums, which keeps them compliant. 401ks are another brilliant invention to make those same poorfags buy in to a system that is actively funneling wealth to the top.

[Anonymous No.50905256]

>>50904963
FPBP

Rentoids keep dreaming of a market crash. I just keep watching my zestimate moon.

[Anonymous No.50905281]

>>50905188
Not an argument, incel.

[Anonymous No.50905367]

>>50904943
OK now what? You're still priced out.

[Anonymous No.50905390]

>>50905046
Niggerhives are needed for slave quarters. Someone is needed to clean the toilets and cook the food. For every 9 niggers in the projects there's some good goy mexislave who will serve the elites.

[Anonymous No.50905432]

>>50905046
actually rich people live in $10M luxury high rises. upper middle class people (doctors, lawyers, codeniggers, middling businessmen, etc.) live in $1-3M cuck townhomes in the suburbs because they can't afford a $10M penthouse that's isolated from homeless niggers.

[Anonymous No.50905527]

>>50905103
Not sure if this is a troll or you're actually this retarded

[Anonymous No.50905529]

>>50904943
That shack isn't worth more than $100,000

[Anonymous No.50905554]

>>50905208
Actually, if you look at alot of the new property listings in SF, they're all massively discounted. Much bigger things are wrong beyond the property

[Anonymous No.50905580]

>>50905046
America intentionally designs ghettos within the cities. This increases and centralizes supply of the slave labor class for government and businesses, which in turn impacts natural wage dynamics and suppresses the cost of hiring employees. Furthermore, the poor people actually WANT to seem to live like this (gotta rep "my city" mang), so its a fucked up little win-win scenario for all parties.

Economically, the American situation works better than allowing the rich to naturally box out the poors, and then scrambling to coordinate subsidized transportation of the poors into the cities for labor purposes (the Australian situation). In America, you even get the added benefit of suburban wagies paying you gas and tax money to commute in to give you labor which >>>>>>>>>>>>>>> the business or govt having to figure out how to transport the wagies themselves.

[Anonymous No.50905911]

>>50904943

Housing market will never crash anon. Housing market to the moon. Buy now or get out priced loser.

[Anonymous No.50905958]

>>50905527
Kek, another midwit bobo faggot who is priced out of everything.

[Anonymous No.50905980]

>>50904943
>Built in 1931

[Anonymous No.50906014]

>>50904943
looked at some houses this morning and fouind some new listings

>2020 160k
>early 2022 240k
>now 170k

YOU LOVE TO SEE IT

[Anonymous No.50906104]

>>50905046
We hate each other and sharing walls/ceilings/floors is a special kind of hell.

[Anonymous No.50906519]

back when we started getting top indicators two months ago somebody mentioned something about banks taking homes from lendees once they end up under water. what was that about? what was it called

[Anonymous No.50906572]

>>50906519
It's called cope. As long as you make your mortgage payments there's nothing they an do.

[Anonymous No.50906574]

>>50906014
Lmao a house on the the corner went up for sale for $500k in April. It's now listing at $395 and there's a good chance it will go lower. Dumbass put it on the market literally a few weeks too late. He could have gotten $520k if he sold just a month earlier. Love it, makes my pee pee hard.

[Anonymous No.50906604]

>>50906572
Lmao yes anon, the tens of thousands of house poor people who will be paying over 50% towards their house that's underwater will magically be able to keep paying, literally nothing bad on a large scale could happen that would effect everyone economically right?

[Anonymous No.50906607]

>>50906519
The lendee has to stop making payments and default.

[Anonymous No.50906708]

>>50904943
The goal was never to sell to other people for 300% over actual price. It was trying to get some giant investment firm to scoop it up and over pay so boomers and real estate kikes could get a fat check.

Anyone who bought a house over the last few years probably bought the top. They got scammed thinking they were about to ride a parabolic run on houses and then sell their house to buy... another house that was marked up 1000% like that makes perfect sense.

[Anonymous No.50906729]

>>50906708
it's pretty funny when you think about the number of drooling nigger retards that are now bagholding 6 figures of debt for the next 30 years. i saw one retard on /biz/ who thought his 3% down FHA loan didn't have lifetime PMI (short of refinancing at 80% LTV... into a 6% loan.)

[Anonymous No.50906781]

>>50905040
We get some really nice weather in early fall(80s, mid 90s) when inland temps settle down then it dips by thanksgiving(40-50s, nights dip below freezing). Rainy and wet until april-may most years(comfy) then great weather until the summer fog rolls in when it's hot as balls inland. More stable temps and marine layer closer to the water obviously.

[Anonymous No.50906816]

>>50905046
black and brown people were forced into our cities in the 1950s-1960s and rioted and white people fled.

[Anonymous No.50906861]

>>50906781
Sounds like shit. I can literally pick out any city that has great temps for a few months of the year. What's all the fuss about?

[Anonymous No.50906879]

>>50905256
> moon

[Anonymous No.50906885]

>>50905256
>stage 1: denial

[Anonymous No.50906906]

>>50905367
>s-so what if my investment is crashing? w-well YOU'RE POOR!!!
lmao

[Anonymous No.50906929]

>>50904943
its okay, you'll still never be able to afford anything worthwhile. Worse yet, you'll wait too long expecting lower and markets will just rebound again and you'll go back to bitching about how prices are manipulated for the next 10 years

rent is due on the first, btw

[Anonymous No.50907330]

>>50905046
niggers
inner cities = niggers, and no one wants to be around niggers
outer suburb = no niggers, and everyone wants to avoid niggers

[Anonymous No.50907361]

>>50906574
>>50906014
larps

[Anonymous No.50907370]

>>50906781
really? thats weird i thought san fran and cali in general have low humidity. i fucking hate my state
t. georgian

[Anonymous No.50907428]

>>50905046
In my city the rich are usually in the city center and a few of the enclave suburbs. Go too far out and it's almost all middle class to lower income whites with a few pockets of the rich.

[Anonymous No.50907477]

>>50904943
I'm not gonna wade into this debate but I got a job in property management recently. Company offers PM services to unit owners. A LOT of people have been trying to sell their condos recently (which would mean ending management with us) but end up re-listing the unit for rent because it didn't sell. I feel like we're over the hill in terms of crazy market-interest. I never wanted to be a realtor or leasing agent but this makes me especially glad I didn't go into that end of the industry.

[Anonymous No.50907496]

>>50905188
Oh god look at her home.

[Anonymous No.50907522]

>>50905256
you posted this same shit 3 weeks ago, image and all, and there is no way your derp shit zestimate went up

[Anonymous No.50907605]

>>50904963
as usual FPBP

[Anonymous No.50907629]

>>50904943
gee I wonder why an apartment right next to the fucking golden gate bridge would be expensive

[Anonymous No.50908295]

>>50906781
It’s the middle of august and 75f you dumb fucking gorilla. I’ve been working in SF 10 months of the year since I was 20 and it has the best weather in the state. It’s 100 today and I live 2 hours away.

[Anonymous No.50908312]

>>50907370
It depends where you are. Obviously coastal niggers have ocean humidity. It’s 100f and 19% humidity where I live and I’m just 2 hours inland.

[Anonymous No.50908435]

>cherrypicked property somali-teir city that people are fleeing en masse

do rentoids really

[Anonymous No.50908452]

>>50905046
Actual rich people control any sort of scenic or useful land in the boonies AND control the apartments and condos in the inner cities. The same level of wealth that owns 1.5 million dollar condos also owns 1.5 million dollar mansions in the middle of nowhere. The suburbs and the majority of rural America are where the "poor people" live.

[Anonymous No.50908460]

>>50905188
I knew the market was going down when I saw this video.

[Anonymous No.50908494]

>>50908460
She's working so fast, her hair can't keep pace. Someone tell her to slow down for safety sake

[Anonymous No.50908519]

Reminder that this is the person calling you "rentoid"
Grey LVP isn't going to save your life savings boomer

[Anonymous No.50908539]

>>50904943
Yet rent hasn't came down at all.

[Anonymous No.50908559]

>>50906906
Is this the bucket you want to die in?

[Anonymous No.50908586]

>>50904943
I bought last year and according to real estate agents it’s now worth about 28% less than I paid for it. JUST

[Anonymous No.50908646]

>>50907330
This is the only actual answer I’ve seen. When did /pol/ get so blue pilled? Pussy ass bitch ass suck ass fuck ass faggot ass bitch niggers

[Anonymous No.50908681]

I would pay at 100k not a single penny more for that shit

[Anonymous No.50908747]

>>50905046
It’s literally because of black people. That’s it.

[Anonymous No.50909306]

>>50906879
>>50906885
>>50907522
When I bought my home 8 years ago there were about 80 homes available for sale in my neighborhood. Now there are only two (up from zero last year). Wow really looks like the market has changed.

[Anonymous No.50909331]

>>50904963
anon doesn't need to cope, what he wants is literally unfolding, retard.
the coping and seething is being done by people larping as landchads in this thread from mummy's basement.

[Anonymous No.50909371]

>>50906014
im looking at a house thats on sale for 400k. was 470k 2 months ago. bought 229k 20 years ago. If you account for interest, maintenance, etc its prob underperforming inflation. on market for 39 days too. i think im going to offer 350 and see if theres a bite.

[Anonymous No.50909396]

>>50909306
>8 years ago
You mean in the aftermath of the biggest financial crisis in modern history? Nice benchmark retard, but we haven't even gotten started

[Anonymous No.50909438]

>>50909371
i'm seeing similar things here.
there's one i have my eye on for 450k on 4 acres in city limits. started at 600k and i'm watching the reductions roll in, it's underperformed inflation now since it was built.
might be time to upgrade pretty soon and rent out my current place.

[Anonymous No.50909817]

>>50909396
Your reading comprehensive, knowledge of history and basic understanding of life is severely wanting.

[Anonymous No.50910535]

>>50904943
>5 bedrooms
>4 bathrooms
I never understood the need to have more than two bathrooms in a house.

[Anonymous No.50910566]

>>50905123
>Rich people live in buildings with private security in neighborhoods where police can be racist and be protected by the media.
>Poor people, along with liberals in denial that probably smoke weed every day, live in the rest of the city where the police cannot even look sideways at a minority without getting a 24/7 media show about their personal lives.
>Middle class lives in the suburbs and prays for public transportation to stay away so they don't get robbed as easily.
This is the truth.

[Anonymous No.50910622]

>>50904943
they are all levered to the tee in something that basically just stagnates since all the home appreciation is coming from newer larger builds