/biz/ - Business & Finance

[Anonymous No.51342466]

Boomers in the denial phase lel.

[Anonymous No.51342510]

lol
lmao
its funny to see it happening in real time. houses used to be gone in a weekend in my town
but suddenly one house stayed unsold
then another and another. and they're staying unsold for a few months now.

[Anonymous No.51342536]

>>51342510
Same here, now it's like this.

[Anonymous No.51342585]

>>51342466
>>51342510
>>51342536
Can someone post the obligatory aus property midwit graph thanks

[Anonymous No.51342656]

>>51342585
I get a sick pleasure looking at that image. my one fear is I won't have the capital to pounce on the market when it hits cheapie zone, being a 21 y'old zoomer trying to get an entry level webdev job. I was able to convince my parents to lock in their interest rate, I'm pretty sure it's roughly 1.5% for the next three years

[Anonymous No.51342669]

>>51342536
>>51342466
post moar boomer tears

[Anonymous No.51342743]

>>51342466
he's right though. prices have dipped but the market is still hot. faggot

[Anonymous No.51342757]

>>51342536
Just hold on to the property and rent it out, stupid boomer roastie

[Anonymous No.51342780]

>>51342743
oh no

[Anonymous No.51342787]

>>51342466
Let
Them
Starve

[Anonymous No.51342815]

>>51342757
Rent is dropping for that reason, people can't sell so eventually they put it up for rent which is flooding the market.

Dropping rents and rising interest rates is not good for landlords.

[Anonymous No.51342837]

>denial
sorry sweetums there will be no crash
after all, it would be bad for everyone

[Anonymous No.51342854]

>>51342757
Hodl the line zestimate sisters

[Anonymous No.51342858]

[Anonymous No.51342923]

>>51342466

Where can I go to farm this content?

[Anonymous No.51342934]

>>51342466
I love it when midwit property holders get fucked in the ass be they Amerimutt or Chink. Fuck them.

[Anonymous No.51342990]

>>51342536
>If we sold now it would be a $150k loss.

[Anonymous No.51343014]

>>51342536
this is how many family's generational wealth was destroyed in 2008

going from rich to poor as a 12 year old... it uh... gives you some hard to address angst for a really long time

[Anonymous No.51343065]

>>51343014
normies will never learn
>lets be super levered to housing, my only asset
>housing market declines
>WE'RE SO POOOOOOOR

[Anonymous No.51343080]

>>51342466
>>51342536
Boomer fags are starting to sound like Celcius LeRedditors.

[Anonymous No.51343093]

>>51342466
If he thinks he can move it he should start high and come down.

No sense in holding through a crash unless you don’t need the money or intend to stay in the house til the market rebounds.

[Anonymous No.51343113]

>>51343065
True.
Normies live in cattle goyim la la land, I understand why they get looked on that way by tribes and gangs who control and prey on them.

[Anonymous No.51343150]

>>51343065
canadians are learning this lesson right now lol
i begged my boomer parents to sell since last november, they were sitting on over 1 million in gains but they were too greedy

[Anonymous No.51343170]

>>51342815
where is the rest of this boomer salt OP quit blueballing

[Anonymous No.51343174]

>>51343150
Baed permabull parents. Line only go up. Sell never ever!

[Anonymous No.51343190]

>>51343174
they already lost 500k since feb
i'm gonna have to support these boomers

[Anonymous No.51343253]

>>51342837
After the market crashes.

[Anonymous No.51343276]

>>51342536
>but it is hard to swallow losing what you've worked so hard for for so many years in just a matter of months.

Thanks for playing!

[Anonymous No.51343510]

>>51342743
COPE FAGGOT LMAO

[Anonymous No.51343604]

>>51343253
kek

[Anonymous No.51343694]

>>51342466
>>51342536
Who are these people suddenly so desperate to sell? To people really get paper hands over their primary residence? It's not like there are mass layoffs (yet)

[Anonymous No.51343713]

>>51343014
How? Were they overleveraged? Then they were probably never rich to begin with.

[Anonymous No.51343755]

>>51342466
You need to look at this from boomer perspective. They are looking into the abyss. Most will not live long enough to capitalize on the next bull run. This was their last chance.

[Anonymous No.51343770]

>>51343694
People bought a new house using leverag and held onto their old one hoping prices were going up forever.

[Anonymous No.51343781]

>>51343694
its not their primary residence, they are speculators and deserve what is coming

[Anonymous No.51343783]

>>51343694
they probably can't realistically afford the payments were stretching into savings to just quickly flip it

[Anonymous No.51343807]

>>51343694
A lot of these sales aren't primary resources. Often times the past few years homeowners with a lot of equity bought new primary homes with the intention of moving out and then selling their old home. The sellers are fucked now as they are in their new home, are floating two mortages and can't sell their old home at stupid prices to cover their new purchase. They are over leveraged and inflation is bighting them in the ass too.

[Anonymous No.51343828]

>>51343807
compounded by the fact that they moved out of areas they ruined with their homosexual politics, so the old residence is in a decaying lawless shithole city that no one wants to live in

[Anonymous No.51343835]

>>51343807
If they ARE primary residences it's often because they're boomers who were trying to sell the family home to pay for retirement facilities rather than be cared for at home and bequeathing it to the kids. These are the absolute worst sort of boomer scum and I hope they take 90% haircuts.

[Anonymous No.51343849]

>>51343755
this is depressing, but justification to play shittokens / 1m chart

[Anonymous No.51343851]

>>51343828
Dont forget all the "value add" garbage that dosen't actually add value while also neglecting needed renovations that inspectors will find and buys will not over look anymore.

[Anonymous No.51343960]

>>51343851
yup, it's a sliver of justice

[Anonymous No.51344351]

>>51343253
'ould

[Anonymous No.51344384]

>>51343190
It is your duty to say I told you so.

[Anonymous No.51344747]

>>51342466
My dad is genuinely convinced he can make it getting into shitty house stuff, I keep looking for shit on dextool and buying bags of everything and I make more than him without even having a job

[Anonymous No.51345032]

>>51342466
>AHHHH THE MARKET THE MONEY THE MONEY, THE MARKET, THE ZESTIMATE

Fuck boomers so much

[Anonymous No.51345111]

>>51343755
Niqqa how many bull runs does one generation need? They've had a nonstop line-go-up since '71. All they had to do was buy something, anything, then live within their means.

[Anonymous No.51345132]

>>51342743
lmao

[Anonymous No.51345167]

>>51342510
This

Whats even more fascinating is that people starting putting more houses on the market after it was clear what shitstorm is coming (europoor), of course they still ask prices of the last year even with the increased rates, you can smell the fear and them wanting to try to exit the market before it crashes, little did they know its already way to late and they missed the top, none of the houses is selling, its very satisfying to watch and even more so when they will decrease prices slowly throughout the next months

[Anonymous No.51345205]

>>51345167
Well yeah the investors or people that planned to dump their house to live in an apartment on the coast in Spain are realizing they missed the top so they're running to the exits. A house near me was listed at $500k in July and it just showed as sold when I checked a few days ago for $400k. Pretty nice house too. The fire rises.

[sager No.51345230]

>>51342466
if you check Chainlinks TRUFLATION dashboard you can see that housing is cooling off but far from crashing

I want it to crash too but you guys are jumping the gun

[Anonymous No.51345252]

>>51343755
arent boomers nearly dead? everything they have goes to the millenials

[Anonymous No.51345270]

>>51345252
a lot of the "boomers" are actually gen x theyve still got 10+ years left and they all pulled out lines of credits on their homes to pay for vacations and motorcycles and campers etc so unless they have a really generous life insurance policy you'll probably get fucked

[Anonymous No.51345314]

>>51345252
>everything they have goes to the millenials
They literally bankrupt themselves on the 'medical'/luxury end of life systems they created. They will reverse mortgage to do so.

[Anonymous No.51345384]

>>51345252
>reverse mortgage

[Anonymous No.51345430]

>>51343755
what's the problem here exactly that you chimped out?

[Anonymous No.51345444]

>>51343835
has it ever occured to you that they still have a mortgage and need the money? that maybe their kids cannot or will not care for them? that they discussed it and decided it was the best option? you dont know what peoples situation is yet you make these dumb grandious proclamations.

[Anonymous No.51345539]

>>51342536
cant wait to buy their homes for $50,000 next year

[Anonymous No.51345577]

>>51343694
these faggots have spent the last 10 years playing homeflipper watching HGTV 24/7. they deserve losing evertyhing for their kikery

[Anonymous No.51345586]

>>51344747
>d buying bags of everything
like what? what was your most recent successful bag

[Anonymous No.51345591]

I just sold my old apartment 10% above estimate.

[Anonymous No.51345852]

>>51345252
millenials arent getting shit dude

[Anonymous No.51345906]

>>51345852
You say that now but your parents are probably pretty young and healthy and/or poor. I am set to inherit a lot of shit.

[Anonymous No.51345916]

>>51342466
>Why no one wants to pay 200 years worth of average wage for our shitty house we bought for 30000$?

[Anonymous No.51345962]

>>51342536
>entire thesis for wealth management is greater's fool theory
>"how could we run out of suckers to flip to?"
normalfags are so childish it's maddening

[Anonymous No.51345986]

>>51345230
>trusting chainlink for truth
it's unironically a meme, man. chainlink is not a serious project

[Anonymous No.51345994]

>>51342466
LMAO

I'M NOT BUYING UNTIL THE MARKET CRASHES

WHICH WILL BE SOON

[Anonymous No.51345995]

>>51345906
sounds like a (You) problem
most people have kids in their 30s at the latest, and live until their 90s
so the average person wouldn't inherit until their 60s. thankfully

[Anonymous No.51346028]

I bought the top

[Anonymous No.51346029]

>>51342510
That's not exactly true though. I put my extra townhouse on the market 3 weeks ago and it got an offer over ask in 2 days

[sager No.51346076]

>>51345986
your mom didn't see you as a serious project either

[Anonymous No.51346097]

>>51342466
The amount of seething in this thread is laughable. I hope the housing market booms significantly this winter just to watch all of you fucking freak out more.

[Anonymous No.51346141]

>>51346097
>this winter
Its just gone autumn. You put about the longest timeframe on that possible. in Australia, where the OP resides, spring is the busiest time of the year for real estate

[Anonymous No.51346241]

>>51346141
>just gone autumn
Spring rather

[Anonymous No.51346262]

>>51346097
It won't. Nobody has any faith in the market right now. Just one little push and it will all crumble.

[Anonymous No.51346276]

>>51346097
This thread is the ultimate buy signal

[Anonymous No.51346288]

>>51343170
it's just getting started. both ecb and fed only recently raised rates. they will probably do so again. more pain incoming.

[Anonymous No.51346312]

>>51345444
>that maybe their kids cannot or will not care for them?
gee i wonder why
they will get what's coming to them one way or another

[Anonymous No.51346370]

Just so you guys know, boomers are not leaving their great wealth to their kids or offspring, instead they're taking lavish vacations, renting out absurd senior living apartments and blowing all of their money before they die.

There will be nothing left and millenials and generation z will be literal slaves in boxes eating bugs.

[Anonymous No.51346405]

>>51346370
based
live for today

[Anonymous No.51346433]

I just bought a 400k house for 295k, there are deals out there right now anon

[Anonymous No.51346453]

>>51346433
>I just bought a 400k house for 295k
so it wasn't a 400k house, it was a 295k house.

[Anonymous No.51346477]

>>51343014
what. if you own a house, the paper price of it going down doesnt really affect you at all.

[Anonymous No.51346478]

>>51346453
You mean 100k house, the rest of the valuation is land / location

[Anonymous No.51346498]

>>51346453
Well in this case there was a boomer elderly couple who lived here, the husband died and the home went into neglect for years. The pool is now a spawning vat for gay frogs. After I clean it up proper the place should be worth more than 400k actually

[Anonymous No.51346595]

>meanwhile in Europe and Latin America housing prices are going up
What's the catch?

[Anonymous No.51346640]

>>51345252
"Boomer" means anyone over 30 these days

[Anonymous No.51346762]

Feels good to be a bear tbqh lads but I've ran into a bit of an issue. Apparently banks won't lend any amount to a professional shitcoiner like myself so looks like it might be back to the wage cage for a year to build up some good goy points. Is it really going to be worth it?

[Anonymous No.51346777]

>>51345906
most boomers/gen x throw away most or all of their accumulated wealth during retirement. the bank takes the house when they die and their kids inherit next to nothing

[Anonymous No.51346780]

>>51345577
I know a boomer whose favorite channel is hgtv, but all she owns is a trailer.

[Anonymous No.51346827]

>>51345252
boomers were born up until 1964. the youngest boomers are in their 50s, not that old

[Anonymous No.51346878]

>>51346595
Cash is tied to currency inflating faster than the US's.

[Anonymous No.51346894]

>>51346498
>contractor's special
>bring your toolbelt!
>great for the handyman!
>diamond in the rough
>has good bones
>needs some "sweat equity"
>desirable neighborhood
>won't last long
>make an offer today
You got fucked. Its worth nothing. Enjoy losing money fixing someone elses problems.
>yah but it was a great deal because of this pool that will need more repairs than its worth
lmao

[Anonymous No.51346932]

>>51344747
Please teach me your ways of dextool. I will pay you. I am going to rope. I can't take it any more living with war trauma dad, in denial push-over mom, and non-responsive brother.

[Anonymous No.51346966]

>>51345444
Boomers grew up without the internet.
That’s all I really need to say.
Looking at my grandparents is like looking at two neanderthals.
They should be considered mentally handicapped and shouldn’t be allowed to make financial decisions.

[Anonymous No.51347090]

>>51342466
still not buying your boomer shack that was built 80+ years ago and has tons of hidden maintence problems, no central air, $500/month utility bills, and a yard that requires $1000s a year in upkeep.

[Anonymous No.51347152]

>>51346932
focus on volume retard

[Anonymous No.51347350]

>>51345252
The very oldest ones are in their mid 70s. According to google it's between 58 and 76.
And not for nothing but it's not just boomers doing this, they get all the hate but there's just as many if not more gen xer/xims and millennials doing this too.
>>51345167
They unironically fell for the 'this time it's different' meme.
A few people who I know and follow on social media work in real estate as agents and it's funny watching them try to spin this as the market is still moving and blah blah so that means it's not a crash. Like yeah, no shit, people still buy/sell in downtrends that market doesn't just freeze. Real estate takes a long time to do things so the unwind will likely last well into next year, at least.
>>51346097
>the housing market will boom as the fed purposely creates a recession to tame inflation
Being a contrarian doesn't make you smart, denying the obvious when it's obvious just makes you a retard.
>>51346498
Oh so you bought a shitbox that you have to put another $100k into.

[Anonymous No.51347381]

>>51346966
>Boomers grew up without the internet.
>That’s all I really need to say.
>Looking at my grandparents is like looking at two neanderthals.
>They should be considered mentally handicapped and shouldn’t be allowed to make financial decisions.
meanwhile, in reality, internet brainwashed generations are the lowest IQ retards in history with their minds mushed by tiktok and instagram

[Anonymous No.51347538]

>>51342757
Im selling my 200k app and buying btc when it drops over the next year

Being a single unit landlord is some real npc bullshit

[Anonymous No.51347644]

>>51342837
She has the hairstyle of an absolutely insane person

[Anonymous No.51347850]

>>51347538
Instead of a rental yield forever you’d rather own 10 digital tokens lmao

[Anonymous No.51348023]

>the fed won’t raise rates
>ok the fed raised rates, but will reverse.
>fed raises rates again and again
>housing prices won’t decrease
>there won’t be mass layoffs
>ok houses prices may decrease slightly
(You are here)
>housing prices won’t crash
>Hoomers won’t default on their loans
>you vill live in ze pod

[Anonymous No.51348039]

>>51346097
>Ha ha look at these retards
>Ha ha they are so retarded
>Noooooooo you are seething
Stop using words you don't know the meaning of

[Anonymous No.51348079]

>>51345430
They dont know. Just acting like a typical redditor

[Anonymous No.51348103]

>>51342466
>be boomer
>sell home for 800k
>spend 800k to buy a different home built in the same era

That 50 year investment really paid off!

[Anonymous No.51348179]

>>51348103
>Finally got my dream house and I'm only in my 60's!
>Now its time to finally start living!
>I'll buy [insert thing here] and finally start enjoying life!

[Anonymous No.51348191]

>>51343755
BASED

[Anonymous No.51348584]

>>51342510
So I keep up with my city's nicer districts. Here during the peak homes were getting offers within hours and over asking. Talking dozens of homes a week.
Now? This same top end area sees premium homes slide 10-20% before a sale, and the amount going up for sale has dwindled to like one a week.

[Anonymous No.51348679]

>>51347152
low volume? high volume?

[Anonymous No.51348716]

>>51342536
Literally biz

[Anonymous No.51348722]

>>51342510
My realtor keeps sending me messages telling me prices won't go much lower and the time to buy is now! Kek, I'm sitting on half a million in cash, I think I'll buy 5 homes

[Anonymous No.51348922]

>>51348722
Not surprised at all, agents are scrambling to get ANY business in this market

[Anonymous No.51348949]

Fuck house flipping boomers. Get a real job, you freeloading scum.

[Anonymous No.51348995]

^

[Anonymous No.51349091]

>>51346966
Worst take against boomers. Boomers are guilty of so much shit. Growing up without internet might be the only based thing about them.

[sager No.51349193]

>>51346762
just buy a house outright and don't pay 20-30% goy tax by getting a mortgage?
if you can't then you haven't made it yet

[Anonymous No.51349240]

>>51342466
Woof. Glad I’m not looking to buy/sell in the near future

[Anonymous No.51349424]

>>51349193
Even if I had the money I'd buy on leverage. With interest rates still way below inflation you'd be fucked in the head not to

[Anonymous No.51349662]

>>51346762
Slavery is worth it, to the owner.

[Anonymous No.51349702]

>>51347538
Yes

[Anonymous No.51349792]

>>51346827
They are nowhere near as healthy or strong as their parent's generation. Lots of boomers are already dropping dead in their 60s and 70s from living unhealthy lifestyles. They won't live as long as their parents, trust me.

[Anonymous No.51350016]

>>51345314
This my fucking retard of a grandfather took a reverse mortgage and lost the home he & his wife lived in for 16 years. They trusted the company bc Tom Selick was the one doing the commercial and I wish I was fucking kidding about that.

[Anonymous No.51350230]

Bros... my house lost 0.8% this month after gaining only 120% in 7 years....
its over

[Anonymous No.51350345]

>>51350230
OMG YOU ARE RICH, QUICK SELL AND MOVE SOMEWHERE ELSE

[Anonymous No.51350503]

>>51350230
Is this Dutch? Looks like German and Welsh fucked then Serbia raised it

[Anonymous No.51350552]

>>51350345
I plan to just sit it out this winter, see what happens. If it really crashes I should have enough to slurp other people's cheap houses. Depends what's going to happen with energy prices and ECB rates, I think one winter should be enough to get an idea of it, real crash in 1 year IMO but who knows.

>>51350503
Yes it is

[Anonymous No.51350559]

Very organic thread, definitely not a Chinese internet brigrade

[Anonymous No.51350621]

>>51350230
>Measuring wealth in nominal value over 7 years period.

[Anonymous No.51350791]

>>51347644
she unironically has a more masculine hairline than I do

[Anonymous No.51350796]

>>51345252
sadly the boomer remover didn't work the way we expected it to

[Anonymous No.51350820]

>>51350621
i love this video. perfect metaphor for boomer behavior in general.

[Anonymous No.51350895]

>>51350559
>t.boomer in denial

[Anonymous No.51350962]

>>51350559
Is this the best the DoD can do with $300m?

[Anonymous No.51351016]

>>51343014
Literally me, my Dad was one of the guys involved with defrauding banks though so it’s not surprise they took our house (probably worth 900k now).

[Anonymous No.51351083]

>>51347381
Boomers literally believe everything the tv has told them all their lives

[Anonymous No.51351132]

>>51343014
>some hard to address angst for a really long time
walk it off, pantywaist

[Anonymous No.51351154]

>>51347644
Anne-Heche-tier nutjob

[Anonymous No.51351216]

>>51343694
>of course I want to pay 8% interest on an asset I am €250k underwater on

[Anonymous No.51351228]

>>51342510
Same here

[Anonymous No.51351236]

Why do people invest in real estate when crypto is a much better investment?

[Anonymous No.51351245]

>>51348722
>my realtor is trying to make me lose money
Why is he still your realtor?

[Anonymous No.51351772]

>>51342466
This looks to be snow mexico.
I am very happy for them. Fuck the investors(Chinks, poos and kiks) who destroyed their market.

[Anonymous No.51351780]

>>51342466
>>51342536
Howdy pardner, mind telling me where the mine you got all them juicy slat nuggets from!? I would like to take a swing at the salt myself!

[Anonymous No.51352042]

>>51345252
Everything they had went to overseas investment lmao millennials won't see a dime of that money.

[Anonymous No.51352088]

>>51342743
>it's just a gulley, that's all. just nerves.

[Anonymous No.51352111]

>>51346276
kek

[Anonymous No.51352140]

>>51346595
uh bro, your image is 50kb ???

[Anonymous No.51352144]

>>51343253
It's FWTDHATQAD time

[Anonymous No.51352187]

New Jersey is still at all time highs. I wish I was born in a better state. I look over at Pennsylvania and see houses twice as nice for half the price.

[Anonymous No.51352236]

>>51342757
>Just hold on to the property and rent it out, stupid boomer roastie
You know what happens when suddenly a lot more of something appears on the market, right?

[Anonymous No.51352272]

>>51343014
>this is how many family's generational wealth was destroyed in 2008
If it was destroyed in 2008 it was never true wealth, idiot. You can't exactly liquidate a part of a house.

[Anonymous No.51352326]

>>51343253
Every single MLM wine aunt suburbanoid is exactly the same. Trying to live the high life without working a real job, "own" everything on credit, constantly looking for a cheap win without building something small but stable that they actually OWN on the side. Every middle-aged woman in my family is the same, and they all have NOTHING put aside for retirement and are up to the gills with hundreds of thousands in debt - in their fucking FIFTIES.
I sure hope they don't expect my generation to support them because we won't. Fuck boomers.

[Anonymous No.51352366]

>>51346780
>but all she owns is a trailer.
Hey if she owns it, that's more than most people have in this country.

[Anonymous No.51352402]

>>51346097
>I hope the housing market booms significantly this winter just to watch all of you fucking freak out more.
Why would we freak out more, things would just stay the same. Are you retarded?
I'm building a mobile home on my land and will have it paid off in under 5 years. I will own everything and will be happy.

[Anonymous No.51352439]

>>51342536
KILLING IN THE NAME OF

[Anonymous No.51352442]

>>51348922
>agents are scrambling to get ANY business in this market
My agent keeps sending me absolute dogshit and pushing me to offer more and more. They know their time is limited and the cash cow is nearly gone. Anybody that thinks realtors being pushier than ever to get a big payday isn't a sign of things to come is coping hard.

[Anonymous No.51352594]

>>51345995
>MOST PEOPLE
>90S

LMFAO

[Anonymous No.51353225]

>>51342466
You want to hear something funny? My friend's parents bought a house in 2004 or 2005 for $350k. Huge house, 5 bedrooms, 5 bathrooms, finished walkout basement with kitchen in basement as well. 3 car garage, all in all somewhere between 5,000 and 6,000 sq ft

My friend's dad just came to him with an offer. He still owes 240k on the house, and will sell it to my friend. He wants to buy a new house, and he'll use the equity from the existing house, once sold to my buddy, to finance the new house, which my friend will live in til his parents decide to move and downside.

These are business owners who always had nice cars and stuff, my friend thinks his dad may have borrowed from his home's equity to prop up his business. These aren't even boomers, they are old GenX in their 50s

[Anonymous No.51354145]

>>51353225
Bro you friend's parents have managed to only pay off ~30% of that loan in ~20 years? Something fucky is definitely happening here.

[Anonymous No.51354328]

>>51345252
Nope
>>51346370
Yep
>>51349091
TV is worse. Except social media.
>>51350820
>>51352326
Interesting you talk like an old man.

[Anonymous No.51354350]

>>51349193
The mortgage is what makes real estate attractive in the first place. You are essentially getting exposure to 100% of the value for 20% upfront. IT doesn't have to be on a SFH either, you can do it on <5 unit deals too. The kind of financing you get in large multi unit real estate is pretty bad. 30 year term, single digit interest rate, 80% LTV on an appreciating asset that is tax deductible, and can cash flow? Real estate is a great asset class and banks love it because it lets them generate tons of loans aka print more money. The problem is that when lending is too good aka low digit interest rates everyone and their mother starts jumping on the bandwagon. After a point there's no where left to go and you have to reload which means bringing the interest rates up, removing the liquidity, basically just making money more expensive which has a ripple effect across all markets, and anyone who thinks otherwise has no clue what they're talking about. It's literally as simple as anything that benefited from massive money printing will suffer from rate hikes. Real estate took off, the stock market took off, crypto took off, the fake and gay economy took off to the point there were so many jobs that you couldn't get quality people because everyone was growing, everyone was killing it. All that has already started to change and will continue to reverse course until we go below equilibrium and then bounce back up to it. It takes more than 10 months of stocks in the shitter. Doesn't matter to me though. I'm chilling in cash and have been since January.

[Anonymous No.51354415]

>>51352088
"They bought it for 680, they'd sell it for that"

[Anonymous No.51354507]

>>51354328
>certified pre-owned
Is this phrase are retarded as it sounds?
>yes folks, we guarantee that someone else owned this car before you!

[Anonymous No.51354588]

>>51354328
Holy fucking shit american cars look like utter garbage. EU really can't challenged

[Anonymous No.51354766]

>>51345252
its going to gen x, retard. its already been happening for a decade.

[Anonymous No.51354785]

>>51342466
Can a first worlder chime in here. Where I live housing is more or less cheap but interest rates have always been relatively high. As a result the insane first world housing greed is less pronounced here.
So how are these people loosing their wealth? do they have multiple homes and mortgages that they suddenly can't pay? What's the deal? Property value going down doesn't mean that you have no property.

[Anonymous No.51354797]

>>51354785
I almost forgot. Pic related

[Anonymous No.51356407]

>>51354785
Low interest rates make for cheap debt. Cheap debt drives up prices because its effectively money printing through fractional reserve banking. Prices going up give people a lot more equity when they get the value of their house re-assessed. This opens up leveraging the equity to get more cheap debt and buy more property. But as with the stock market this also makes you venerable to economic down turns and you can quickly become upside down on you loans.

Basically a lot of Americans speculatively invest in real-estate and that's why it can be more volatile over here. It ends up hurting everyone else too because just like with stocks the price of homes are set in the margins.

[Anonymous No.51356454]

>>51342466
Meh.
Paid for my house with cash last year, regardless of what it's worth it's still my house and I own it outright.
Moving away from the city (London) was the best move I ever made, everyone who is tired of niggers is moving to the coast and the myriad of schools in the local area are a sea of white faces.

[Anonymous No.51356494]

>>51342466
Mfw i might be able to slurp a house in the next bullrun

[Anonymous No.51356526]

>>51356407
Thank you for that explanation. I’m obviously not as financially literate as I ought to be.
How is that allowed though? How can you use an unpaid house as collateral for another home loan? There’s no way that should be allowed

[Anonymous No.51356644]

>>51345252
millennial here, 32yo, my parents would be considered boomers, in their early 60s, still very healthy and alive, and 3 of my grandparents are still alive (1 got hit by a car), all in their 80s, still relatively healthy
by the time i inherit something i will be like 70 years old, so no point in waiting for that

[Anonymous No.51356950]

>>51356526
It just is, for now. You're borrowing on the equity. So if you still have a lean on the house they subtract what you own to the bank and give you a HELC valued at what is leftover. When you take that credit out its effectively cash so you can go and make a down payment or be a cash buyer for a new property. Then you refinance, rinse repeat. But its a risky game. You are making the assumption that a lender will want to refinance the property. I know people that got burned and had to take losses in 2008 because no bank would not refinance their properties.

[Anonymous No.51357075]

>>51345230
>if you check Chainlinks TRUFLATION dashboard you can see that housing is cooling off but far from crashing
this is how it starts you fucking retard. housing markets take 2-3 years MINIMUM from peak to troth

[Anonymous No.51357418]

>>51350016
https://www.youtube.com/watch?v=O4FKPcLnd3Y
god dammit

[Anonymous No.51357456]

>>51342536
Anecdotally, my parents bought a house for 800k in 2008 and sold for 650k in 2011. It only reached 800k again in 2018, a full decade later.
If we do see a crash (which is a big if, I don't expect another 2008), it'll take years to recover from.

[Anonymous No.51357626]

>>51357456
Anecdotally, my parents bought a house for 450k in 2008.
Some neighboring houses have sold for 800, 900, and 1000k in 2020-2022.
Just live in California lmao easy.

[Anonymous No.51357664]

>>51353225
why would someone go on the internet and tell lies?

[Anonymous No.51357927]

>>51346966
They didn't bother to learn anything. That's the real issue.

The internet is the greatest modern tool, but most retards don't even use it for it's intended purpose;
Instant Encyclopedia / how to / learning

Its all ass cracks and titties to be bussin for Likes and Hearts no cappin

[Anonymous No.51357955]

>>51345539
Same literally makes my dick hard

[Anonymous No.51357963]

>>51347381
That's most people dummy. They're called NPC's, and you'd know this with the INTERNET.

Too many bussin to appreciate what we what never had. Fr Fr

[Anonymous No.51357982]

>>51347538
Cryptos worthless Mumu, you're better off learning to sow your own clothes and farm indoors then buying digital money.

Hell you're better off converting it all into Cash and keeping it IRL (cash is the true bitcoin / freedom bux)

[Anonymous No.51358014]

>>51357456
>I don't expect another 2008
You should probably prepare for it anyway.

[Anonymous No.51358103]

>>51343014
Tell me some stories.

t. Was always poor growing up.

[Anonymous No.51358214]

>>51343253
bros is she balding or is my lappy top just garb

[Anonymous No.51358269]

>>51342837
Peak cope from this man

[Anonymous No.51358289]

I just closed on a house

[Anonymous No.51358292]

>>51343755
I treat calls about buying my house with the same level of hostility.

[Anonymous No.51358340]

>>51358289
kek bro, you are buying the pico top of a multi year housing bubble

[Anonymous No.51358399]

>>51342466
Housing will never crash. Boomers will literally import a trillion niggers from Africa and have the federal reserve print each of them a million dollars to prop this shit up. Open borders is just another weapon from rent seeking parasites to prop up asset prices.

[Anonymous No.51358419]

>>51343150
>canadians are learning this lesson right now lol
Are you retarded? Property in Canada has always been expensive since harper left.
The fuck are you spewing?

[Anonymous No.51358457]

>>51354588
im a euro and i like cadillac stylewise

[Anonymous No.51358459]

>>51346640
That's exactly right, old man, now back to Facebook.

[Anonymous No.51358462]

>>51358419
Prices in the GTA are down like 30% from ATH.

[Anonymous No.51358482]

>>51343253
post the one with the scooter

[Anonymous No.51358506]

>>51358399
There will be no immigration if there are no jobs for them which will be the case soon.

There will net emigration and nobody to buy Boomers housing bags, and house prices will look like a shitcoin rugging.

[Anonymous No.51358510]

>>51342815
in my city it seems like housing is cooling but rent is skyrocketing... wierd combo

[Anonymous No.51358530]

>>51358510
Less people buying, more people wanting to rent. Simple supply and demand. Same in my mid-size city on California's Central Coast

[Anonymous No.51358541]

>>51358510
Wait 6 months for sellers to realize there are no buyers and then put their properties on the rental market.

[Anonymous No.51358543]

>>51345252
>everything they have goes to the millenials
oh my sweet summer child

[Anonymous No.51358579]

>>51349091
Boomers grew up without internet and the TV being God and now they're geriatric asses have moved onto the internet where they've replaced the God television with facebook posts and other boomer shit. My mother is so fucking ill equipped to be on the internet but she's just barely managed enough ability to learn how. It's the worst combination because she believes EVERYTHING she reads online.

[Anonymous No.51358592]

>>51358530
>>51358541
my metro also building like crazy for the past few decades, multiple cookie cutter developemnts every year, when i was a kid the population was 60k and now its 250k
it doesnt stop growing but weve been importing TONS of africans to work the low skilled jobs and keep the wheels turning, all debt based of course
EBT FOOD STAMPS and MEDICARE

[Anonymous No.51358774]

>>51354507
Certified pre owned extends factory warranties which makes it worth it IMO especially for european 'luxury' brand cars. My car went through 2 catastrophic mechanical failures that required the car to be towed to the dealer, and I would have had to pay out the ass for repairs if I didnt have certified pre owned coverage

[Anonymous No.51358903]

>>51350796
That’s what we get for buying Chinese

[Anonymous No.51358911]

>>51357418
>comments are turned off
that was the most predatory ad I think I’ve ever seen.

[Anonymous No.51358962]

>>51350503
This is an accurate description of dutch. Portuguese sounds like Russian plus Spanish divided by two to me.

[Anonymous No.51358963]

>>51346827
I 100% believe that boomers will be in full political control for atleast another 30 years.

[Anonymous No.51359008]

>>51354588
> EU really can't challenged
nice ESL there

[Anonymous No.51359037]

>>51342990
>how’s my house flipper momerino going?

[Anonymous No.51359060]

>>51358014
You can still get this loan if you’re not spic or nig, they can’t discriminate based on race so if you’re white (or “white”) you still have access.

[Anonymous No.51359072]

>>51343276
>welcome mom and pops in crypto I 1000% held through a coin I made over 15k on and never sold and now I’m here

[Anonymous No.51359080]

>>51358911
Tom Selleck wouldn't lie to me. He's a cultural icon from my glory years. We've grown old together, we stand together, and now he's here to advise me.

[Anonymous No.51359132]

>>51358774
>My car went through 2 catastrophic mechanical failures
didnt buy japanese eh? deserved.

[Anonymous No.51359265]

>>51346370
You’re wrong though. 80% of the wealth transfer is private business anyway. So maybe the boomers sell their ownership in the business, but everyone has the opportunity to get in on this historic transfer of wealth. This is an opportunity and you’re just mad because your grandad thinks you are a weak chinned dissapointment for an offspring. The world is transitioning. It’s the best time for changes of fortune. Go be a winner and stop feeling bad for yourself.

[Anonymous No.51359290]

>>51343014
I feel you. I grew up dirt poor, then my parents started their own company, did well enough to start buying rental properties, and we were solidly on track for upper middle or even upper class when everything imploded. I think I was 14-15 when we all realized how bad things were about to get.

Back to being poor.

[Anonymous No.51359339]

>>51359290
Oh addendum: We had to move into what became a multi-generational home with my grandparents. Who reverse-mortgaged the now only house we all have to live in. One of them died years ago and the last one is in the hospital as we speak and it's not looking super good.

From a small family empire scratched out of the earth with blood sweat and tears to probably destined to become rentoids.

[Anonymous No.51359356]

>>51359290
>>51359339
You have an obligation to learn from both their successes and their mistakes. You can make it anon

[Anonymous No.51359377]

>>51359356
I have, but I am severely physically disabled with a ton of other health issues and am burning myself down to the bone just to WFH in a literal hospital bed.

I need a crypto moonshot like you wouldn't believe.

[Anonymous No.51359393]

>>51359377
Bro me too, but from my own self inflicted pains. It’s Algo or bust for me (and I wouldn’t recommend this coin to my enemy)

[Anonymous No.51359420]

>>51359393
I feel you. I'm bagholding hard on XRP and related coins. (That big lawsuit is supposed to see a turning point on the 19th so cross your fingers for me.) Best of luck on Algo; I don't really know anything about it.

[Anonymous No.51359439]

>>51359290
This is going to happen to many people this cycle.

14 years of leveraging debt based on property prices. When leverage starts working in reverse poof there goes your net worth.

[Anonymous No.51359440]

>>51359290
>My parents speculated on real estate, trying to larp as petty nobles with landleeching
>They wound up losing everything.

[Anonymous No.51359473]

>>51358506
>There will net emigration and nobody to buy Boomers housing bags, and house prices will look like a shitcoin rugging.
Don't you dare fill me with hope again

[Anonymous No.51359497]

>>51359060
That just makes it worse.

[Anonymous No.51359540]

>>51359440
>mere speculation
We put in a fuckload of backbreaking work to rennovate run down properties for rental. We never had a single contractor lift a finger to fix anything for us. A lot of my teen memories are of being at a strange house at 3am on Saturday night pulling up tile with a steel spade so we could put down new flooring 12 hours later.

I hear a lot of nightmare stories about landlords, but we were always putting in the work ourselves and were glad to let tenants slide on rent when things were tough if they were genuine.

[Anonymous No.51359558]

>>51359497
The bank will only give out those loans to properties in historically black and Hispanic areas, that’s how it’s tailored to minorities. Until white people buy it up and gentrify, like pottery

[Anonymous No.51359560]

>>51342837
I would happily trade 20-40 years of my life to 'fix' this man's haircut if you catch my drift...

[Anonymous No.51359571]

>>51351216
Why would they be paying 8% interest? It's been around 5% or lower for most of the last 10 years.

[Anonymous No.51359621]

>>51358462
Oh so it's only 1.5 mil for a cuckshed instead of 2 mil, wow it's over! 100 mill Canadians by 2100. Where are they gonna live?

[Anonymous No.51359630]

>>51358510
>>51358510
>all the news says "Don't buy, rates are high and will come down in a year"
>everyone sells and rushes into rentals
Guess what happens when rates go down again

[Anonymous No.51359656]

>>51358014
Ah shit here we go again

[Anonymous No.51359665]

>>51359540
>MUH RENNOVATIONS
Oh right, I forgot you folk are God's gift to Earth because you can swing a hammer and pick out bargain bin tiles and floor panels at Home Depot. So grateful that people like you are around to do mediocre fixup jobs and then try to flip your corner-cutting work for a fat markup on rent and resale.

Yeah, thanks but no thanks, nigger. I'll be perfectly content to do my own fixup job after the most recent wave of you HGTV larping parasites get blown the fuck out (again). Play Jewish games, win Jewish prizes.

[Anonymous No.51359719]

>>51359665
Sounds like you aren't our clientele, friendo.

I for one would never rent either if I can afford it, but to say there's no cause for the service to exist is commie shit.

[Anonymous No.51359874]

>>51352326
>because we won't
lol yes we will. they will tax us to death for it.

[Anonymous No.51361407]

>>51359290
>Back to being poor.
You were never not poor. You were owned by your mortgages. What, you were planning on renting for the next 20-30 years to pay them off? That's not almost upper middle class you spastic. Your parents didn't even bother paying off one property over the others so you end up with something. You are just as deluded add they are if you think you had almost made it

[Anonymous No.51361903]

>>51342466
>boomer neighbors list house at $450K
>I tell them to rent it out so their kids get something
>they laugh
>no buyers
>lower price to $425K
>415K
>410K
>400K
>385k
Hopefully those boomer fucks get stuck without a buyer

[Anonymous No.51361924]

>>51356454
>sea of white faces.
that's good to hear anon.
few things make me more happy than being around other white people.

[Anonymous No.51361936]

>>51361903
>>I tell them to rent it out so their kids get something
I mean really the right choice would've been to sell earlier then buy later in this scenario.

[Anonymous No.51362015]

>everyone says they're gonna buy houses and shit to protect their wealth when they make it in every shitcoin pump thread
>never understood the concept of treating residential property as investments
Why do people keep seeing homes as investments? You even read so often about rich fucks who buy multi million dollar mansions or luxury apartments sell them at a loss when shit hits the fan.

[Anonymous No.51362037]

>>51359339
Why on Earth did your Gramps reverse-mortgaged the house?

[Anonymous No.51362460]

>>51352326
>fuck boomers
They do it because they’re females. They literally can’t plan on one hand and think they’re heroes of the story so everything will be alright like in the movies.

[Anonymous No.51362486]

>>51345252
Everything they had went to jews. Why do you think jews were busy setting this system where you’re conned by thousand things at once including your own government?

[Anonymous No.51362496]

>>51345430
>>51348079
>newfags think it’s original post
>act like r*dditor
kek go back

[Anonymous No.51362504]

>>51342656
imagine being this greedy to not lock sub 2% when inflation has been over 2% for ever...thats asking for trouble

[Anonymous No.51362513]

>>51351083
And zoomers literally believe everything they see on social media except it’s 1000x more retarded than what boomers believed
>men are women
>socialism
>flu is pandemic
list goes on and on

[Anonymous No.51362545]

>>51359060
They can and they do

[Anonymous No.51363539]

>>51358543
Friendly reminder

[Anonymous No.51364188]

>>51351236
IMO a lot of people buy a house because they simply don't know what else to do with their money.
>>51358399
Yeah and bitcoin can't mathematically go below $40k either
>>51363539
>people like you refuse to do anything
>look at me I put senile boomers in a nursing home I'm so based
>>51354785
Easy money makes assets go up, rate hikes kill easy money. The fed wants to kill easy money. That's all you really need to know.

[Anonymous No.51364629]

>>51356526
Our country is run by Jews, that's how

[Anonymous No.51364684]

>>51343755
this is not how you do it
if you want to send them seething with rage you need to send them really low bids
it makes them suicidal

[Anonymous No.51364711]

where the fuck are the cheap houses? and no, I don't want to live in stealmyass village or murder city

[Anonymous No.51365226]

>>51358911
Can I get one in my 20's?

[Anonymous No.51365471]

>>51343014
>hard to address angst
lmao aww the poor lil rich kid now has to live like the rest of us and has poor trauma because of it :(

[Anonymous No.51366413]

>>51342510
It’s crazy how people believe this shit like OP posted.
>hey anon I bought this really sweet house way under what it was worth. Got it for 215k
>so if it was worth more why wouldn’t he sell it for more?
>I think he just wanted to sell it faster, it had been on the market for a few months

[Anonymous No.51366464]

>>51343014
My family went through foreclosure in 2004.
I’ve been angry about it for a long time because I seen dumb fucks get rescued when my parents weren’t. But I learned a lot from it. I managed to get the debt resolved last year. And when it came time to buy my place during the corn teen, I made sure my payment was low, the price of my place low and interest rate was fixed. I honestly think regulators ought to outlaw variable rate mortgages for primary home mortgages.

[Anonymous No.51367548]

>>51345252
I've got news for you, they'll be around for the next 40 years

[Anonymous No.51367677]

>>51342536
I came

[Anonymous No.51367686]

>>51343253
I would lickay pussy