When is the housing market going to crash?

[Anonymous No.51003259]

[Anonymous No.51003274]

>>51003259
thats actually pretty good price desu

[Anonymous No.51003305]

>>51003274
>around 40,000 or more when all is said and done
>have to pay to tear it down because it is collapsing
>now your choice is parking a trailer on the lot or spending hundreds of thousands to build a house
>pretty good

[Anonymous No.51003310]

>>51003259
You are in the middle of it right now

[Anonymous No.51003417]

>>51003259
september 22 2022

[Anonymous No.51003754]

>>51003259
It’s 30k including back taxes and water bill.
Still not bad, for a tear down in Cleveland.
I’d still have to spend a month there to know whether or not it’s worth spending another 200k to build on it to live there.
I’ve never heard anything good about Cleveland.
https://youtu.be/NmFEYMoeSyQ

[Anonymous No.51003765]

>>51003274
Cleveland though.

[Anonymous No.51003766]

>>51003259
Cleveland and Detroit are so cheap
I’m surprised white millennials haven’t gentrified those places yet

[Anonymous No.51003769]

>>51003259

Its starting. Expect a big crash like 2008 but on steroids.

[Anonymous No.51003770]

>>51003259
Now.

[Anonymous No.51003868]

>>51003259
why not buy up these low cost properties and then demolish them? turn them into empty lots.

[Anonymous No.51003886]

>When is the housing market going to crash?
The day Larry Fink dies
So basically never

[Anonymous No.51005435]

>>51003259
https://youtu.be/oZzgAjjuqZM

[Anonymous No.51005724]

>>51003766
>Detroit are so cheap
This isn't 2010 anymore. All the cheap land in Detroit got bought up years ago.

[Anonymous No.51005815]

>>51003305
>18k in back taxes.
>delinquent water bill? I have seen these as high as 10k. They can easily be even higher with a crazy person contriling the house.
>enter at your own risk? What does that mean? Is there some crazy person squating in the house?
>full demo and rebuild?
This house looks like a nightmare.

[Anonymous No.51006572]

>>51005724
>>51003766
who would want to live there its n infested city

[Anonymous No.51006655]

>>51003259
>enter at your own risk
lol

[Anonymous No.51006684]

Literally all of Ohio (and Midwest) looks like this. Not worth you money

[Anonymous No.51006724]

>>51006684
What are Ohio 20-30 yo girls like?

[Anonymous No.51006735]

>>51003259
>>51003274
>>51003305
>>51003310

The current situation with housing is nothing like 08.

I'm 2008 there was an enormous oversupply of homes. Right now there is a gigantic demand for housing but buyers are expecting a crash and waiting for interest rates to drop before piling in again.

Use your brains. No crash is coming.

[Anonymous No.51006930]

>>51006735
hoomer detected. Supply is growing rapidly. Rates are climbing again. Listings are sitting on the market because sellers want what they had 6 months ago (but those days are gone). Some sellers are starting to cut prices, it's the only move they have. The entire market is starting to follow.

[Anonymous No.51007514]

>>51006930
Well, logically the size and length of crash is dependent on how many loaners are insolvent and leveraged with their real estate. Like Japan 1990. Lots of small-scale salarymen owned two apartments but were high in debt.

[Anonymous No.51007653]

>>51003259
When black rock stops buying houses.

[Anonymous No.51007661]

>>51006930
and the prices are going down. that aint a crash mate, that is a cycle.

[Anonymous No.51007681]

>>51006735
>Right now there is a gigantic demand for housing

No, there isn't. Corporations are buying houses to rent them out. They are sitting empty or full of drug addicted squatters.

[Anonymous No.51009035]

>>51003868
The city doesn’t approve demolition, so if you did, you’d have to rebuild it at your expense, or forfeit the land to the city with no compensation

[Anonymous No.51009072]

>>51007681
stfu and take your meds

[Anonymous No.51009156]

>>51006735
OK, Dave Ramsey
Go eat your metamucil cookies and coffee

[Sage No.51009183]

>>51003766
Whites have higher living standards, one of the benefits of discernment.

[Anonymous No.51009198]

>>51006655
What do they mean by that exactly? Is there a ghost haunting the house?

[Anonymous No.51009221]

>>51009198
It is a black neighborhood

[Anonymous No.51009267]

>>51006684
Where's the Manchester united fanclub in that picture?

[Anonymous No.51009570]

Two more weeks

[Anonymous No.51009648]

UM NEVER SWEATIE, PRICES ONLY GO UP!

[Anonymous No.51009675]

>>51006735
you are fucking retarded. you sound like a real estate doucher who believes his own gospel

>NO supply left!!
>baby boomers die off in droves
>dipshits who overpaid for housing cant continue to make astronomical mortgage payments, so they defualt
-continue to build because of artificial housing demand spurned by neet bux and PPP loans from pandemic

its coming

[Anonymous No.51009682]

>>51009648
>market crash would be bad for buyers
jew gotta be kidding me!

[Anonymous No.51009773]

>>51003259
It's not going to crash. Talk of a crash is just rentoid cope. Nothing can stop my Zestimate.

[Anonymous No.51010397]

>>51009648
This but unironically. Inflation is not under control and it's foolish to think that it will be any time soon.

[Anonymous No.51010440]

>>51009675
Two more weeks sweetheart now make sure you get that new light bulb cleared with your landlord so you don't break your lease agreement :)

[Anonymous No.51010452]

>>51003259
Everyone expects a crash so at best we will get a slight pull back and crab and prices will still be too high for average people to buy in

[Anonymous No.51010457]

>>51006735
trillions have flown into housing markets by companies like blackrock who use real estate as investment. there is a huge actual oversupply of houses when it stops being used as an investment

and the prices will crash, hard. especially if interest rates stay high, because they aren't good investments anymore and the big black cocks want to get the off their book asap. they stop buying, only sell, similar to 2008

[Anonymous No.51011863]

>>51006735
>waiting for interest rates to drop

Use your brain faggot

interest rates are gonna climb way higher before it drops

[Anonymous No.51011959]

>>51009675
If supply was actually going to be impacted by boomers dying off then we would have already experienced a housing crash during 2020 when corona was killing them left and right. The blackpill you need to swallow is that the people in charge have already worked out a contingency plan to keep supply limited as the boomers die and its called the "reverse mortgage". There's nothing for you to inherit or buy and the crash you're waiting for is not coming any time soon.

[Anonymous No.51011975]

>the property is be sold as is
you can count the IQ points on the brown hands that typed this

[Anonymous No.51011993]

>>51003766
Millennial yuppies are too busy gentrifying Columbus

[Anonymous No.51012016]

>>51011959

I agree. this time its different.

[Anonymous No.51012054]

>>51009773
umm, zisters?

[Anonymous No.51012534]

>>51006735
I've been getting spammed by realtors on LinkedIn trying to sell me rural homes. To me that's a good indicator buyers are drying up and they're getting desperate.

[Anonymous No.51012571]

>>51006572
>>51009183
You idiots haven’t heard of gentrification or Brooklyn or Philadelphia?

[Anonymous No.51012605]

>>51006735
>Bought the top and now seething

many such cases

[Anonymous No.51012625]

>>51003259
Unironically never. I'm getting my affairs in order to leave the country because it is actually cheaper than renting/buying a home.

[Anonymous No.51012663]

>>51006684
This picture is all angles like an onlyfans whore. If you were to line the camera up looking down the street everything would look organized and normal instead of jumbled. It’s an angular cross section made to look bad. Add the society bad dog whistle and there you have retard bait.

[Anonymous No.51012684]

>>51006930
Hehe why is it so funny to put human clothes on dogs xD

[Anonymous No.51012705]

>>51003259
Next Spring, I think.

[Anonymous No.51012743]

>>51010452
Actually it’s going to look like it’s recovering and then they are going to crash it late q4 2023 to try to get trump in power woooo. This recent correction was just to shake you guys up and get you buying into the crash again.

[Anonymous No.51012788]

>>51003259
>>51003305
surely just a plot of land is worth more than just the $10k + taxes and water bill

[Anonymous No.51012851]

Shaker heights is like one of the nicest neighborhoods in the us visually unforunate the entire area has been generally overran with niggers, there is always a catch to cheap shit hardly if ever a good deal out there. Brooklyn heights on viewside would be the best neighborhood imho too bad its for billionaires only, so u may as well pick cleveland heights area and hope niggers dont rob u

[Anonymous No.51012863]

>>51012605
priced out forever rentoid

[Anonymous No.51012916]

>>51010397
then why was month over month inflation at 0% in July you ignorant faggot?

[Anonymous No.51012954]

>>51003754
I can tell you instantly the answer is no. It's 99.9% niggers, and you will definitely get killed raped and/or robbed you live there if you are not white. Best case is you get a local property manager to rent it for you, and you might make a few couple hundred dollars a month in cash flow, but you will lose it all on the repairs from section 8 porch monkeys.

[Anonymous No.51012964]

>>51012916
Check how the calculation was made and cross reference against what's been recently subsidized through government action. There's a surprise inside :)

[Anonymous No.51013013]

>>51006684
>>51012663

a really long lens and angles squishes everything together. these places always have bros on 4 wheelers enjoying life with their extra income. Also what do you think the demo is compared to cities in muttland?

[Anonymous No.51013036]

>>51003259
soon

[Anonymous No.51013040]

>>51012964
nah I'm good. We're close to peak inflation and the end of the fed hiking cycle.

[vittiñon No.51013067]

Yo, that's wonderful! Everybody understands that crypto is the future, but have ya tried Yopi Network?

>Earn while you spend crypto in daily transactions
>Pay globally with yopicash through NFC
>No team coins
>Few big partnerships coming up

[Anonymous No.51013096]

They probably don't want it crash fast and hard. That's why they are hesitant to call a recession and brag about fake jobs reports. It will dump eventually but unlike 2008 it will take time. Then they will bring more immigrants and it might kind of correct but it might take two weeks. Probably.

[Anonymous No.51013115]

>>51010457
>tfw fire sale on houses all across the states

[Anonymous No.51013193]

>>51012054
Works on my machine

[Anonymous No.51013959]

>>51003766
Lakewood Ohio is one of the top rental flipping locations in the US right now. A little laminate flooring and you can easily turn an 80k home into 300k.

[Anonymous No.51014067]

>>51011993
Haha fellow 614. This place is growing too fast. I don't like it to be honest. Almost 900K here and it's I believe the 15th most populated city in America. My boomer dad always tells me how rush hour wasn't bad back then and the highways like 270 or 70 would be clear. He says he's moving soon.

[Anonymous No.51014095]

the IRONCLAD rule of American property is that if it looks like a bargain, your neighbors names are jamal and sheniqua

[Anonymous No.51014251]

>>51012016
This guy gets it.

[Anonymous No.51014601]

>>51014067
We're already probably closer to 925k unfortunately. 270 is a complete shitshow compared to how it was 20 years ago. I was in the Short North a few months ago and it was a nightmare. Your dad has the right idea in moving. I think I might just move up to Delaware, myself.

[Anonymous No.51014723]

>>51012863
this... housing still going up in my area.. in all seriousness, rentfags need to fucking man up more than ever to get a house before priced out forever, non-sarcastic good luck to you

[Anonymous No.51014803]

>>51014601
Delaware is growing fast. My uncle just bought a brand new house out in Sunbury for almost 500K. A bunch of construction is happening in that area because people want to be far away from Columbus, but close enough for their jobs. Too many pajeets live in the rich suburbs and I don't like it to be honest with you.

[Anonymous No.51014876]

>>51012625
Yeah, I managed to buy a commie block and a Dacha in Russia for 40,000 combined before the war started

Literally one of the my greatest investments ever

[Anonymous No.51014879]

>>51014803
Sunbury is going to see a lot of buyers with that Intel plant for sure. It's the next Powell imo. As for Pajeets, they basically took over Dublin haha. I wouldn't have as much a problem with them if they didn't all drive like retards. Delaware seems like it's still a bit under the radar for people moving here from outside of the 614, but maybe it's growing too fast. Lancaster seems like it's due for a turnaround, and Marysville doesn't seem so bad.

[Anonymous No.51015019]

>>51003274
Yeh you just have to ignore bullets being fired by feral niggers passing through your house every night. Bargain.

[Anonymous No.51015261]

>>51013115
>20% off of houses that have gone up 300% = a fire sale
You are a retarded child that has no idea what is going on. Enjoy being priced out for life rentoid.

[Anonymous No.51015396]

[Anonymous No.51015407]

>>51010457
companies like black rock dont have mortages, they pay cash. so there is no cost to them holding and renting. and the rental market is defintiely not crashing, its rising.

[Anonymous No.51015472]

>>51006930
>sellers want what they had 6 months ago (but those days are gone).
I think this is the answer. Demand is falling because inflation is destroying a lot of people's buying power, WFH is ending so nobody wants to live in a shitty car dependent suburbia like they did during the pandemic, shops have opened causing more people to flood back into cities, and people are going back to prepandemic behaviors. We need to realize, the housing bubble was an effect of pandemic behaviors and real estate investors over speculating on that trend without realizing, it's over.

[Anonymous No.51015516]

>>51015472
>he doesn't know about covid23
Dear sweet child

[Anonymous No.51015517]

>>51015407
yeah they hodl the houses

and the prices are going down. you think they won't be selling at a loss?

[Anonymous No.51015628]

>>51015516
Even if it does happen, a lot of people don't trust the government's narrative, response anymore, and plan of action due to the complete mismanagement and incompetency of the government shown from covid19.

[Anonymous No.51015709]

>>51014876
Which city? Also be careful because ruble may go down in fall. Also comfy.

[Anonymous No.51015717]

>>51015517
They'll be renting it out to serf niggers like you

And if nobody is renting, they'll just import niggers and force 3rd worlders into 10 people per house

[Anonymous No.51015750]

>>51015709
Small city, Called Lipetsk
It's pretty isolated, has like only 1 bus a day going to it.

>Ruble will go down
I can go either way, I have both dollars, Euros, Cryptos, and Rubles

No matter who wins, I'm comfy
The only thing that would fuck me is if Russia balkanizes

[Anonymous No.51016450]

>>51014879
Yea they've been talking about that plant for a while now since construction finally started. Knowing the people who typically get those jobs, it will bring more competition for high priced homes around the area. Kek Dublin and Hilliard are the areas I was basically taking about. Absolutely insane how it's happened in such a short time. Uncle Sam really doesn't care about selling out its own people for more money.

[Anonymous No.51016457]

>>51003259
When GME MOASS

[Anonymous No.51016788]

>>51003754
if you enjoy getting robbed once a month cleveland is the place to be, also called the big dirty, go there and you will see why, hint its dirty asf like india

[Anonymous No.51017496]

>>51015750
I wouldn't mind living in a place like this if it was safe.

[Anonymous No.51017876]

>>51003274
I live in Cleveland you will literally die if you live where that house is.

[Anonymous No.51017890]

>>51006684
This is West Virginia, not Ohio at all.

Cleveland looks like nigger post apocalyptic wasteland.

[Anonymous No.51018030]

>Buyer to assume 18,583.05 in back taxes

What the fuck does that even mean, it means you pay for someone else's unpaid taxes?

[Anonymous No.51018054]

>>51003305
kind of a bullshit post. Does it need work ? For sure. Knowing american houses this is probably an old one, 100 years or so. So the building techniques are fucked. But you can patch up shit and live comfy afterwards.

I genuinly do not know why amerilards are complaining. It isnt that bad.

[Anonymous No.51018083]

>>51018054
It’s in Cleveland Ohio retard

[Anonymous No.51018090]

>>51014876
not anon here.

sweet. Good for you. At least you guys got energy and all of this over the winter.

Strongly considering moving to St. Petersburg one day as the west continues to fall into insane territory

[Anonymous No.51018135]

>>51018083
>Cleveland Ohio
ah okay, sure , point is nigger that you can find decent houses around nicer cities. But most amerilards are too stupid to actually do something intelligent with their money , so they end up buying a vinyl box that some boomer repainted and paying 400K for it.

Many such cases. Got a friend in ATL , whose house has water damage now due to the fact that you retards dont know how to build properly.

OH WELL ....... You tried.

[Anonymous No.51018141]

Where is a good time as a foreigner (Australian) to buy in the US? 200k somewhere near the beach which I'd just stick on AirBnb

[Anonymous No.51018143]

two weeks

[Anonymous No.51018179]

>>51018141
Fuck, I don't know why i wrote time, I meant place

[Anonymous No.51018186]

>>51003417
close, try the 26th

[Anonymous No.51018232]

>>51018141
200k for a beach property to rent on Airbnb? Fuck right off

[Anonymous No.51018280]

>>51009198
I'm assuming it has structural problem and wil collapse

[Anonymous No.51018293]

>>51003259
already collapsed in canada

[Anonymous No.51018316]

>>51018141
200k you have to go to Nicaragua or Honduras lol

[Anonymous No.51018356]

>>51009648
This bitch is actually in my area and i hate seeing her at my listings.

[Anonymous No.51018396]

>>51018141
Heh, that scence from futurama where zoidberg tried to buy the billion dollar artwork with his hundred bucks comes to mind.

Anywhere in the US with even a far away view of the beach starts at a million dollars. And that’s for a tiny 500sqft pod on a lot smaller than most houses

[Anonymous No.51018454]

>>51018232
>>51018316
>>51018396
350k then? I'm trying to compare potential yields across countries, Meds v Britain v USA v Aus to see if there are other alternative markets at a common price point. Australian prices are absolutely fucked and whilst in the US it is going to be expensive I'm looking at the relativity of it all.

[Anonymous No.51018481]

>>51018454
Worthwhile beachfront property is not going to be cheap. Also we're full, so you can stay in AUS

[Anonymous No.51018513]

>>51018293
Post one ad for a legitimately cheap house in Canada. Backing off the extreme inflated prices and returning to where they were 10 months ago is not collapsing.

[Anonymous No.51018691]

>>51003766
mmmmmm
they sell houses on demo lists ticket the previous owner every day and then break into your house paint demo shit everywhere and you finally find who you’re calling and they want half the property value in fees for something you had no way of knowing about

[Anonymous No.51018798]

>>51018396
>Anywhere in the US with even a far away view of the beach starts at a million dollars.
Not true if you're willing to live in the South

[Anonymous No.51018834]

>>51013013
>it's not actually godawful sprawl
>it's godawful sprawl with trees around it

[Anonymous No.51018987]

>>51013096
You were probably in grade school but the 08 crash took two years. In fact the 08 crash was mostly in 09...

[Anonymous No.51019103]

I don't understand how the market will crash when there's so many people like myself waiting for it to happen. Last week I even had a retarded boomer at work telling me to save my cash cause houses are about to get cheap and 2 months before a roastie telling me the same

[Anonymous No.51019147]

>>51003259
Never. When boomers die we'll all be serfs. Those who inherit a house will have them stolen by the government as part of a wealth redistribution tax. The United States is dead

[Anonymous No.51019215]

>>51018798
He's looking for rental property. While North Carolina might be affordable in that budget it's not a great idea for an AirBnB.

[Anonymous No.51019257]

>>51019103
Exactly. Everyone is waiting, the demand is still there. Housing will keep cooling off until mid 2023 when everyone decides to fomo back in. Some news or social media site will likely re ignite it

[Anonymous No.51019261]

Housing in America is too exp-
>Noo!! There are no jobs, you are not allowed to work remotely!!

[Anonymous No.51019277]

>>51006735
>No crash is coming
They said the same thing in 2007

[Anonymous No.51019279]

>>51019261
>Philly

[Anonymous No.51019348]

>>51019261
>Philly
You aren't from America, are you?

[Anonymous No.51019384]

>>51019147
This.

Infinite money printing + open borders + globohomo corpos buying up entire neighborhoods for rent enslavement = infinite asset inflation for lazy rent seeking elites/boomers

Entire world needs a nationalist revolution. Fuck central banks, close the fucking borders, buttfuck these giant corporations.

[Anonymous No.51019499]

15 condo guy here. Buy one at a time.
When market goes up, raise rents. When it goes down, refi lower rate.
Repeat.

[Anonymous No.51019852]

>>51019499
Lower rates don't cause markets to go down.

[Anonymous No.51019978]

why does the water bill being delinquent mean anything to a new buyer. are they trying to say that a water company isnt going to let you have water in a house you moved into just cuz the previous tenants were shit

[Anonymous No.51020198]

>>51019277

This time its different anon. Housing market to the moon!!!

[Anonymous No.51020336]

>>51014876

Why would you buy a commieblock flat unless it is included into "renovation" programm? Government here gives you a new flat instead on an old one in a new freshly built house if your current commieblock is too old. I bought a small flat for 2600k roubles near Moscow and according to the plan I get brand new flat 5 times more expensive than that one in 2024-2025.

Also, for that amount of money you could have bought brand new flat even in Lipetsk.

[Anonymous No.51020355]

>>51019261
>FIlfthadelphia

[Anonymous No.51020734]

>>51003305
>he's not buying homes in cleveland just to tear them down for fun
lmfao ngmi

[Anonymous No.51021354]

>>51019852
Markets go down, gov panics and reduces rates to get the economy going again.

[Anonymous No.51022936]

>>51009198
Side door is open means
>The house is completely unsecured. Multiple people are probably currently living there

[Anonymous No.51022983]

>>51013013
Went to ohio this summer its literally that pic. But its comfy as fuck. If i could bring my wage over there id live like a king, then i thought i'd be just as bad as the commines moviing to florida.

[Anonymous No.51022993]

>>51019261
i live between levittown and trenton. i've driven and ridden SEPTA through northeast philly. you wouldn't want to buy a home in that area.

[Anonymous No.51023037]

>>51009648
>her name is actually karen
i kek

[Anonymous No.51023072]

>>51006684
>>51018834
but that's not sprawl. that's not even a mile long and it's only one lot deep on either side. continue seething.

[Anonymous No.51023106]

>>51003754
Wtf is that? Why would anyone want to live in a soulless Starbucks building?

[Anonymous No.51023267]

>>51009682
its liberal logic

[Anonymous No.51023501]

>>51018141
you could get a condo for $400-$500 thousand in some areas on the gulf coast. you would have to worry about hurricanes and flooding though.

[Anonymous No.51023923]

>>51006684
That's a truck stop off the interstate in the middle of nowhere.

[Anonymous No.51024155]

>>51018030
Obviously

[Anonymous No.51024179]

>>51019261
>north philly
hahahhahahahahaha have fun getting murdered

[Anonymous No.51024191]

>>51018141
its unbearable to be an american sometimes because every faggot on earth thinks they have a god given right to move here

[Anonymous No.51024548]

>>51003259
Why would it crash? Real estate doesn't exist for cashflow from rent or to give people a place to live, it exists as a solid form of collateral for lines of credit with unbeatably low interest rates that grow in value, so the investor is basically paid to buy Bitcoin or stocks or bonds or whatever. Devaluing it by selling it to poor people who "need a place to live" ruins this, especially if it's below what they paid.

[Anonymous No.51024642]

>>51010457
Investment companies aren't going to sell their commercial and rental homes for less than what they paid. They will never lower rent because this isn't about the occupant. Rental cash flow can never replace the ungodly access to untaxed wealth that turning property into a credit card is.

[Anonymous No.51024692]

https://www.zillow.com/homedetails/45528-W-Amsterdam-Rd-Maricopa-AZ-85139/67437594_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

[Anonymous No.51024744]

https://www.zillow.com/homedetails/17820-N-Kari-Ln-Maricopa-AZ-85139/71691333_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

[Anonymous No.51024755]

>>51003305
>he thinks it'll cost 40k flat and not over 100k to fix whatever dmgs that niggers have done to that property
You have to be from outside the US lol

[Anonymous No.51024768]

Why do people keep buying homes then listing them for less?

https://www.zillow.com/homedetails/45967-W-Starlight-Dr-Maricopa-AZ-85139/67437727_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

[Anonymous No.51024793]

I find so many of these in one neighborhood that we might see the end of flipping for a while.

https://www.zillow.com/homedetails/46129-W-Holly-Dr-Maricopa-AZ-85139/67437874_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

[Anonymous No.51024801]

>>51019978
That is correct

[Anonymous No.51024809]

>>51024548
You just answered your own question. It is used as collateral so the market is distorted to have people become hopelessly overleveraged on housing they can't really afford without ridiculously long mortgages. Market participants can not afford housing as wages have not increased to support it. As inflation has come into it's own, more and more people are not able to afford the mortgages and this loss of purchasing power is erroding those on the margin, hence the selling pressure.

[Anonymous No.51024811]

>>51017890
Notice how he said it LOOKS "like this," and did not claim the picture is from OH. Just that it simply RESEMBLES the picture you stupid fuckin shitskin ESL nigger faggot cunt motherfuckin bitch boy

[Anonymous No.51024840]

>>51024642
So long as banks continue to give loans for overleveraged collateral, which is already a well known risky move. Wallstreet, banks and the fed are terrified of a housing collapse because it is a bubble that can wipe out their balance sheets. Given the amount of MBS on the Fed's balance sheet, they risk going insolvent as well.
The simple fact is wages never kept up with housing. It is unaffordable without access to credit and prices actually need to decrease for a healthy economy. Prices are propped up simply for the sake of the banks which is de-facto impoverishing us all.

[Anonymous No.51025015]

https://www.zillow.com/homedetails/19231-N-Miller-Way-Maricopa-AZ-85139/82284757_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

[Anonymous No.51025088]

>>51018396
I live in San Diego. I hope the fucking housing market crashes soon so I can actually afford to buy a place

[Anonymous No.51025102]

>>51019103
you've nailed it anon. the demand is still extremely high, its just prices outpaced people's ability to keep up. that's not a crash, that's a cool. might last five weeks, five months or five years but once incomes catch up to home prices the mania will begin again.

[Anonymous No.51025400]

>>51003274
>28k including back taxes, unknown amount of other utilities bills to be assumed
>exterior is shit
>interior is probably 10x worse, everything worth something has been stolen out of it
>it literally costs twice as much to do the same job as it did 1-2 years ago so renovations will be very expensive
>btw it's in Cleveland OH
>your tenants will be the niggerest of niggers on section 8
I guess if you expect the direction of that particular neighborhood to change for some reason and you have enough money to take a gamble on it then sure but a rookie investor is going to go broke trying to tackle this project.

[Anonymous No.51025530]

>>51006735
There's plenty of supply, especially for new units. No one wants them.
The gigantic demand for housing you speak of is in a price range that's about half of what it is today.

[Anonymous No.51025582]

>>51003259
it took 4 years after 08 so wait a few years

[Anonymous No.51025588]

>>51024642
They will if the need the money to service debt and/or other expenses or opportunities.

[Anonymous No.51025605]

>>51018396
Even your example isn't $1mil you retard

[Anonymous No.51025608]

How can I profit from fuck housetute?

[Anonymous No.51025640]

>>51024840
No matter how much the realistic sale price goes down, as long as they never sell, lower rent, or get foreclosed on nobody has to care.

[Anonymous No.51025652]

>>51025588
They would rather take out more debt to service the debt they're already in.

[Anonymous No.51025661]

>>51006735

they hate you because u speak the truth

it's too late for rentoids

[Anonymous No.51025775]

>>51024642
In what bizarro reality do you live in that you think blackrock doesn't pay property tax?

[Anonymous No.51025780]

>>51025640
On an individual basis, sure. But marginally the situation will crumble as inflation rages, businesses slow down and cut hours/jobs, and people begin to walk away from their debt burdens and prices shrink organically. These disconnects can only last for so long, despite all of the efforts of those in charge trying to maintain a status quo. Prices fluctuate, interest rates are too low, prices are too high. Something has to give, and money is being rapidly destroyed at 15% per year. Your move.

[Anonymous No.51025789]

>>51025775
In the reality where nobody pays tax on lended money

[Anonymous No.51025912]

>>51025780
Oh no, inflation resets the clock on debt. The business class loves it, meanwhile the basic economy folk suffer because they did what they were told.

[Anonymous No.51025998]

>>51025912
That's not true at all. Inflation does not reset anything, it just steals your purchasing power and everyone is getting the squeeze. The more money you have the more you lose. Your costs go up on your business, your customers can buy less, and so on. No one is happy about what is going on right now, ESPECIALLY those outside of the owning class. The worst part for them is the political ramifications and people starting to notice things they shouldn't.

[Anonymous No.51026099]

[Anonymous No.51026124]

>>51025998
Currency isn't special it's a government regulated store of value. The only people who get screwed over in inflation are people who hoard cash because they were told to and people who give loans.

[Anonymous No.51026211]

Live in the shipping container goyim

[Anonymous No.51026290]

>>51026124
Again, that is far too simplistic. The entirety of the economy is teetering on the edge of a deflationary collapse at this very moment because of the monetary and fiscal policy of the last 60 years. Last time I checked, there is a bond market that is twice the size of the U.S. GDP that is hemorrhaging 10% of its value every year. You really mean to tell me that is inconsequential?
All of this MMT bullshit only works when it overlays a functional economy. If that economy starts to fall apart then it doesn't matter what you do. No more than MMT could help you get off of a desert island.

[Anonymous No.51026326]

>>51026124
>The only people who get screwed over in inflation are people who hoard cash because they were told to and people who give loans.
Yeah, and the 99% of the people working 40-80 hours a week for those currency units. I'm waiting for the day to come where people no longer work because the dollar doesn't buy them shit.

[Anonymous No.51026381]

>>51026326
>Yeah, and the 99% of the people working 40-80 hours a week for those currency units. I'm waiting for the day to come where people no longer work because the dollar doesn't buy them shit.
Yup. This is a political time bomb brewing too. But they literally have to do this shit just to keep things from falling apart. No matter how you look at it, things will be coming apart at the seams in a myriad of ways. People need to realize the significance of the Petro Dollar effectively coming to an end earlier this year. It may take a few years, but we have not seen the end ramifications of that event yet.

[Anonymous No.51026455]

>>51026211
Homes are obsolete a concept. It's for superstitious, thus, primitives. One should carry nothing and be fully mobile. Neo nomadism already started by commercial flight but will turn into a new and sustainable living soon. We'll travel and work around the planet and the solar system and beyond, while being created directly into computer code inside of cyberspace. Cybertime will extend consciousness longevity to literal billions of current consensual years and the future descendents of the present population will not even ever entertain themselves with our minute whole history just as virtually nobody become historians, anthropologists or zoologjsts and their variants. Eating bugs is the least if your problems.
>you are bugs

[Anonymous No.51026460]

sorry for being new but there are several decent 2-room flats for like 40K close to my hometown, it's a tourist area. similar airbnbs nearby are for 70e/night, even assuming that i manage to rent them for only 2 months a year, i'll get my investment back in 10 years and then it's free money, no? isn't this a great idea if i have some money laying around? why shouldn't i do it?

i didn't see a general or anything related to this, any advice or links would be appreciated

[Anonymous No.51026465]

>>51026326
Well, no, because the ratio of

hours worked : number of cheeseburgers bought

is still the same. The only thing that changed is the intermediary, and the only consumers getting screwed hard are the retards who hoarded cash in their bank account.

[Anonymous No.51026564]

>>51026211
>has corner posts! great potential for upgrade/expansion; turn this cozy one-story cottage into a corrugated steel 5-story mansion of your dreams!

[Anonymous No.51026612]

>>51026455
Wrong. Again, the financial system is PLAGUED with toxic paper losses that are going to be eaten by everyone but those who own the most shit. It's not a hard concept. You can't just write off debts that amount to literally TWICE the size of the entire U.S. GDP. You also can't have a functional economy without real interest rates. The whole edifice you think you have mobile access to is crumbling as we speak. Business is slowing down, unemployment is rising, inflation is raging etc. The cure is inevitable and that cure is large-scale sweeping BANKRUPTCY. AKA: We all end up drastically poorer as all leveraged assets collapse back down to realistic valuations. Borrowed money will be paid off or defaulted on and what comes next will not just be some magical new "financial bubble". What comes next is hard work, savings, production, net-zero balance of trade. No more free money just floating around for you to snatch up. Go read any boomer investing book from the 1970s, it is PROFOUNDLY different and that is the norm we will be returning to. Don't believe me? These leveraged games can only last so long because borrowed money needs to be paid back. And they also siphon off capital for unproductive purposes in the form of interest. Thereby gutting your economy. We literally cannot have normal interest rates right now because the interest payments could soak up a massive percentage of the GDP. It's impossible. You better wrap your heads around it and get in a defensive position because the unsinkable boat has a hole in it. And all of us, no matter who you are, are headed straight into that frigid water below.

[Anonymous No.51026679]

>>51003259

Part of me thinks the housing collapse wont happen like you think it will for a long time

Another part of me thinks richfags are buying up as much property as they can before property is massively devalued so they can be serflords in this timeline.

I think what will happen as supply lines strengthen things like lumber concrete and steel will be in abundance as well as other industries so we can see some deflation.

[Anonymous No.51026683]

>>51026465
Food and gas are up substantially but my wages and portfolio are not. I make up for this loss of purchasing power by not buying other goods and services and as a result I am much poorer and the rest of the economy is now hurting when I choose to stay home rather than spend that money elsewhere. You don't think this will catch up to us? You pretend that the boat rises just as fast as the water but you are wrong.
Every dollar I made last year buys me much less food at the grocery store so I have effectively been impoverished by the banks.

[Anonymous No.51026701]

>>51026679
I think people buy the bullshit notion that inflation wipes out debts, so they want to be highly leveraged. However, the stagflationary environment will persist and crush the balls of anyone who bites off more than he can chew.

[Anonymous No.51026792]

I could buy that, turn it around and renovate it myself and make it into a really nice place, but it wouldn't matter because within a few days of moving tools and cleaning it up some nogs would come on the property and steal everything of value.

[Anonymous No.51026823]

>>51019261
literally the most crime ridden, shitty part of philly.

[Anonymous No.51026890]

I'm a 33 year old who just graduated college and got my first big boy job in Phoenix. (80K a year)
I guess the housing market is fucked and I don't really want to own property in a fucking desert anyways.
What should I do? Should I buy and then sit on it and sell when I want to move later on? Or should I just never own and rent forever. Looks like the average price for a studio out there is like $1600 a month.

[Anonymous No.51026934]

>>51026890
Buy land around flag or pine where it isn't 120° all summer.

[Anonymous No.51028030]

>>51003766
whites have been trying to gentrify detroit for over 30 years. They keep getting beat back by the HORDE

[Anonymous No.51028035]

>>51026890
No way. Any city that is propped up by a real estate boom is a place that is going to be hit the hardest. Cozy up next to cities with lots of manufacturing, shipping, infrastructure, Fortune 500 companies etc. study the Great Depression, not everyone was impacted the same. If you make smart investments, avoid leverage, you can actually do quite well.

[Anonymous No.51028598]

>>51019384
>Entire world needs a nationalist revolution. Fuck central banks, close the fucking borders, buttfuck these giant corporations.
Isn't it too late for stuff like this?
It isn't 1800 you can't just pass out muskets to the local population and start killing government officials.
Nowadays they have overwhelming technological superiority and can ruthlessly crush you. Like I fail to see how they do not have absolute control over the entire world.

[Anonymous No.51028741]

>>51018030
If the prior owner of a home doesn't pay their property tax, the next buyer must pay any due back taxes. It's why foreclosures are "cheap" to buy, because most people do not have the cash on hand to pay an additional bill on top of the purchase.

[Anonymous No.51028771]

>>51018454
Go to a second world country. We have the same problems here that you have there.

[Anonymous No.51028794]

>>51019147
>>51019384
They won't even have to seize property. The boomers have already begun the process voluntarily with reverse mortgages

[Anonymous No.51028980]

>>51014723
“Priced out forever”

You sound just like the stupid fucking retard lady realtor who was dying for me to buy my max allowed loan in the peak of it all 9 months ago.

“Prices are only going to increase 25-100% for the rest of time forever and if you don’t buy now you will never be able to.”

Hahahahahahaha

[Anonymous No.51029016]

>>51028598
Nope. It’s easier than ever because the system is so leveraged. Through non violent political speech, we can spread awareness of what is going on. A massive strike could bring the system to its knees overnight. The power lies in strength in numbers. A system built for the elite typically balances power between two parties 50/50 or close to it. A system built for the masses will win 95% of the vote if you actually solve problems.

[Anonymous No.51029103]

>>51028980
This. People are clueless about leverage . The only way to keep prices moving up indefinitely ultimately requires you to undermine the value of the cash. This erodes the productive lower and middle classes and will lead to political upheaval long before you can stabilize and pretend the housing market is healthy and not just a ponzu scheme. Americans don’t even have $10000 in the bank, they couldnt afford a cash market. If the banks stop lending the whole thing implodes.

[Anonymous No.51029169]

>>51029103
>This erodes the productive lower and middle classes and will lead to political upheaval long before you can stabilize and pretend the housing market is healthy and not just a ponzu scheme.
>He thinks the lower classes will have time to revolt when they are too busy surviving.
Revolutions are purely inventions of the middle class. If they neuter the middle class effectively they can easily rule over serfs just like the middle ages.

[Anonymous No.51029341]

>>51026455
Space is fake and gay, like you anon

[Anonymous No.51029417]

>>51026612
Anon, disaster or not, excellent writing ;)

[Anonymous No.51029502]

>>51029016
My take is in the middle: the Internet is theoretically a great tool for democratic political movements, just like television was theoretically a great tool to eradicate ignorance. In practice they stupefy and paralyze the population. But this happens, to a lesser degree, to the ruling class as well. So, with the stakes never higher, we have an incompetent and unmotivated public versus a drugged out, syphiltiic ruling class. Meanwhile hard-core separatists of various stripes, if their ambitions are modest, can really dig in and carve out territory.

[Anonymous No.51029639]

>>51026612
How do I invest in the next boat?

[Anonymous No.51030509]

>>51005815
Probably not a full demo. i think the decks would have to be removed and new siding, i assume you'd have to replace a lot of wood in the flooring/beams/joists but not a full demo unless you just had the money and wanted to.. if you look at the walls and roof it's all seemingly level and straight, that's a good sign. the decks are in shit shape presumably because somebody built those on as additions later using the wrong types of wood and not sealing correctly, the rest of the house is harder to fuck up cause it's got siding on it so it's not exposed to elements.

[Anonymous No.51030531]

>>51012054
i know for a fact that the zillow price estimates are BS cause there is no way in fuck my house would sell for what it's saying. it's at least 30k too much. a house up the street that's another 500sqft bigger than mine with a car port sold for as much as it's saying mine could and it took 2 weeks for it to get a sale pending.

[Anonymous No.51030835]

>>51029016
I've never heard of a "party for the masses" in modern history that didn't turn out to be terrible. Are there some you know of that I do not? The ones that come to mind are mostly Communists and Japan around WW2

[Anonymous No.51030855]

>>51028980
I hate pushy female realtors like that, thinking they're being smart trying to manipulate you like that. Worst part is it probably works on a lot of people.

[Anonymous No.51030883]

>>51006930
This
Not this >>51006735

Huge glut of new construction and foreclosures in the pipeline as well, and demand a will drop like someone getting their fourth booster shot

[Anonymous No.51030901]

>>51014067
Intel employee here, we're coming to fuck up absolutely everything you hold dear.

[Anonymous No.51030908]

>>51007661
20% drop YoY is more than a correction. A bubble popping might be cyclical, but how isn’t it a crash?

[Anonymous No.51030923]

>>51009072
Demand comes from qualified buyers, niggerbait

[Anonymous No.51030962]

>>51010457
Smartake

[Anonymous No.51030989]

>>51013040
NPC or bot? Who wants to play?!

[Anonymous No.51031472]

>>51021354
You have the dependent and independent variables mixed up dumbass.

[Anonymous No.51031485]

>>51029417
Thanks bro

[Anonymous No.51031585]

>>51029639
The "next boat" is literally capital. Ownership of hard physical assets that can produce real wealth. Manufacturing, production, farming, mining. Anything you can put to work in rebuilding the dead service economy into one that is sustainable. People make fun of gold bugs, but gold and other metals are useful, productive assets that can help you buy your way back into whatever system comes next. Gold is tier1 banking capital and it is hoarded by all central banks worldwide and will likely be used to settle international trade going forward.
The thing to think about is that we will all be considerably poorer. People can no longer afford things like craft beer.People can no longer afford to eat out. People will be cooking from home. Think about all of the ways that people will begin to save money and anticipate them doing so as inflation takes another big fat chunk out of their monthly budgets in terms of food and energy prices. The trick is that nothing is going to change until the bond market collapses. Bad debts, zombie banks all need to be destroyed via bankruptcy. And that bankruptcy will blow out insurance funds,pensions,social security etc. $50TN dollar bond market means one thing and one thing only for all of the plebs out there. There are not enough resources relative to the paper claims to goods and services. This shortfall will be passed off onto everyone who owns dollars because the only way to pay back these toxic paper claims is to dilute the purchasing power of the dollar. The banks are doing it slowly so as to not kill the victim (the masses), they need you to eat another round of inflation before they give you another rest. And then they will do it again. Count on it.
And the money metals will not reflect this loss of purchasing power until they think the masses can't handle it anymore. This is game theory 101. If the money metals start showing very good rates of return then people will simply pull their money out of the banks.

[Anonymous No.51031965]

https://www.zillow.com/homedetails/43897-W-Juniper-Ave-Maricopa-AZ-85138/67438081_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

This is not a crash. But a cooling off of the market.

[Anonymous No.51032041]

>>51003259
>Buy Cleveland house
>Pay triple the value in back taxes lmao
>Also everything is broken and there are black people outside (and inside) your house.

[Anonymous No.51032071]

https://www.zillow.com/homedetails/42052-W-Sunland-Dr-Maricopa-AZ-85138/82266884_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

[Anonymous No.51032107]

Imagine losing 62 thousand dollars

[Anonymous No.51032113]

>>51032107
https://www.zillow.com/homedetails/40914-W-Hopper-Dr-Maricopa-AZ-85138/92429654_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

[Anonymous No.51032354]

>>51032113
You picked a 30% white area that is a half hour outside the metro area. Of course there's going to be little demand.

[Anonymous No.51032362]

>>51032113
Maricopa seems like a depressing place to live

[Anonymous No.51032371]

>>51032354
Lmao it's Arizona you dipshit, it's full of muds.

[Anonymous No.51032446]

>>51032371
Depends on where you are in the metro area. North Scottsdale is still 75%+ white.

[Anonymous No.51032478]

>>51026211
>trump browser moron posting dumb fuck shit
fuck off back to pol

[Anonymous No.51032482]

>>51003305
you forgot
>it's in cleveland

[Anonymous No.51032582]

>>51019261
EAST PHILADELPHIA
NOT SHOT, JUST GRAZED

[Anonymous No.51032698]

>>51031585
Ok why hasn't the price of gold significantly increased throughout pandemic stimulus?

[Anonymous No.51032780]

>>51003766
Kek we will never be gentrified whiteboi. We own our homes and we will break into and gut your shitty flip attempt

[Anonymous No.51032835]

>>51006572
Nobody does. Big corps like Quicken use it to build office complexes that they rent out for ridiculous money and if no one rents them they claim that as a business loss.

[Anonymous No.51032969]

>>51032780
I checked out a listing in a black area today. Wandering chimps all over the place, the flooring of the house was all fucked up, and all the water/light fixtures were being held together with electrical tape.

It's astonishing how incapable black people are of maintaining anything. You couldn't have paid me to live in that shithole.

[Anonymous No.51032971]

>>51003417
The phoenix will rise

[Anonymous No.51033132]

>>51031472
Whatever you say, tough guy. I'm at about $2.3M. If you're doing better, then good for you.

[Anonymous No.51033441]

>>51026890
you could room with me anon...

[Anonymous No.51033907]

>>51006735
Low rates create artificial demand. The number of houses per capita is higher than it was in '08.