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

/biz/ - Business & Finance

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51016711 No.51016711 [Reply] [Original]

There's going to be a blood bath in the housing market once everyone is underwater on their loan when housing prices go into free fall. I don't think anyone is ready for what's about to transpire in the housing market over the next year or two.

>> No.51016752

Good

>> No.51016758
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51016758

>>51016711
>honey the zestimate is less than what we paid in june. do something reeee

>> No.51016766

Blackrock is prepping to buy a lot more homes.
Normals can't benefit from this crash.

>> No.51016785

Contemplate that in Canada people have fixed rate mortgages and housing prices have dropped 10-30% there in recent months. Imagine being 30% underwater on your mortgage and then getting your interest rate hiked to 9%

>> No.51016790

>>51016711
>when housing prices go into free fall
not holding my breath

>> No.51016796

>>51016785
Nonfixed, fuck phone posting

>> No.51016990

>>51016758
kek

>> No.51016998

>>51016766
>he fell for the black rock is buying all the homes meme

check their balance sheet you fucking schizo, this theory has already been debunked but you spend so much fucking time on /pol/ that you've rotted your fucking brain with psyops.

>> No.51017374

>>51016711
>house value matters when people payments are being made
Nope. Most underwater homeowners after the housing collapse of 2008 simply rode it out. They made payments and literally nothing nothing happened to them or their home.

>> No.51017463

Two more weeks trust the plan

>> No.51017486

>>51017374
Yep. The only good thing out of these kindsnof situations is that higher rates usually translate into lower property prices and thus you can have an easier time buying if you're not a typical wagie addicted to credit and have some money on the side.

>> No.51017514
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51017514

>>51016998

>> No.51017515
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51017515

>>51016758
I get literal sexual pleasure from thinking about panicked boomers and rugged millennials saying that exact shit

>> No.51017556

>>51017515
You have no idea how owning a home works or even what it means. I hope you enjoy being a priced out rentoid paying for someone else's property. You have no choice now.

>> No.51017570

>>51017556
are you ok

>> No.51017590

>>51017570
>le shitpost
cope harder rentoid

>> No.51017635
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51017635

Ghost monkey red.

>> No.51017803

PLEASE PLEASE PLEASE GO DOWN I DON'T WANT TO LIVE WITH MOMMY AND DADDY ANYMORE!!!!!

>> No.51018116

>>51016711
Delay or try to avoid your taxes, it crashes and we (humans) will rise from a cheaper house bubble

>> No.51018153
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51018153

>>51016711
Do it bobo
I have so much slurping stack

>> No.51018443
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51018443

>>51016758
>>51016752
>>51016711
hey guys sorry these are my rentoids. I've raise their rent and (tip) and will be taking away their internet.

Sorry again!