>Housing prices have gone up because inflation is high. >Rising interest rates won't bring prices down, they will only stabilize current pricing. >If you haven't bought yet and are unable to buy now then you are priced out indefinitely.

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Anonymous Mon Sep 12 14:25:13 2022 No.51391674 [Reply] [Original]

>Housing prices have gone up because inflation is high.
>Rising interest rates won't bring prices down, they will only stabilize current pricing.
>If you haven't bought yet and are unable to buy now then you are priced out indefinitely.

>>	Anonymous Mon Sep 12 14:27:59 2022 No.51391705 Rentoids will seethe but it's true. Best case scenario they will get to buy at 2021 prices, but with 10% mortgage rates.

Anonymous Mon Sep 12 14:32:14 2022 No.51391782

this is exactly what i explained to coworkers looking to buy their first home. we would see a double whammy of high prices and high rates. if prices did crash they would crash to summer of 2020 prices but no lower because thats the new floor. i got laughed at. i got my home and they're now looking for apartments to rent. who's laughing now?

>>	Anonymous Mon Sep 12 14:39:00 2022 No.51391898 >>51391782 Cope, it will crash miserably in the near term

Anonymous Mon Sep 12 14:39:45 2022 No.51391910

Another issue too for those holding cash thinking prices will fall allowing them to pay more of a down payment to cut monthly cost on high interest rate loans is while housing prices are stabilizing cash value is declining. That big wad of cash will be worth less than now buy the time prices dip 10%. A lot of people really are priced out already it seems. If they aren't priced out already today is as good as it will be to buy anytime the next ten years if not the best time as rates are still low.

>>	Anonymous Mon Sep 12 14:40:46 2022 No.51391921 >>51391898 Do you have a shred of evidence to back up this claim?

>>	Anonymous Mon Sep 12 14:44:32 2022 No.51391972 >>51391921 do you have an example of interest rates and home prices rising together?

Anonymous Mon Sep 12 14:44:40 2022 No.51391974

>>51391782
I understand what you're saying, but currently boomers are either checking into to assistant living facilities or out of reality. Meanwhile Population across the goble has been dramatically slowing down. Even illegal immigrants are leaving because it's current inflation is eating all the money they would send to their families.

What you will see is a short term boom in suburbia, followed by a hard crash when when banks try to unload all the houses they get from grandmas who refinanced their houses before they died.

>>	Anonymous Mon Sep 12 14:46:19 2022 No.51391998 File: 60 KB, 631x658, eef.jpg [View same] [iqdb] [saucenao] [google] >>51391921 No

>>	Anonymous Mon Sep 12 14:47:10 2022 No.51392010 >>51391782 >it will come down to 2020 prices but with higher rates so basically just as expensive as prior to the change in macro backdrop Delusion

Anonymous Mon Sep 12 14:50:59 2022 No.51392057

>>51391898
>>51391974
>>51392010
>prices climb 40%
>Goldman Sachs claims that prices will come down 20%
>hahahahahahahhaa landcucks btfo its over for them
>JP Morgan says home prices set to rise another 60%
>*crickets*

>>51391972
you must be living under a rock. both are rising together and have been rising together this entire year.

>>	Anonymous Mon Sep 12 14:53:12 2022 No.51392078 >>51391782 >Now that cost of living is way up and the money printers aren't directed at individuals during a recession we will only see houses drop to 2020 prices but with quadruple interest rates And who is going to be buying them? Lmao

>>	Anonymous Mon Sep 12 14:53:17 2022 No.51392081 >>51391898 Muh housing crash isn't going to happen. Buy now or be priced out forever.

Anonymous Mon Sep 12 14:57:02 2022 No.51392142

>>51392078
the big financial firms that have been buying them since 2012? i know you're trying to sound smart and all but you really ought to think about these things before you post. so far its been shitty reasons as to why the housing market will tank, yet prices have continued to climb. no doubt its going to crash but its not going to crash as hard as it did in 2008. no point in continuing this discussion, you're not listening.

>>	Anonymous Mon Sep 12 14:58:52 2022 No.51392171 File: 12 KB, 250x210, 1660867065620653s.jpg [View same] [iqdb] [saucenao] [google] >>51391674 > Creating pointless threads because prices are dropping

Anonymous Mon Sep 12 14:59:18 2022 No.51392178

>>51391972
The state of the current real estate market and home prices is proof. Rates have risen and reasonable asking prices have risen. The only sellers getting btfo on pricing are greedy sellers asking way more than their homes are worth, flippers, speculators, ect.

>>	Anonymous Mon Sep 12 15:00:32 2022 No.51392197 >>51392081 lawyers living under bridges! dentists ten to a room! you are a retard

Anonymous Mon Sep 12 15:01:59 2022 No.51392217
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>>51392178

Yes, the chaff go first. The most greedy. But after they topple then the next level of the house of cards feels the pressure. I'm already seeing it in my market, houses are sitting for weeks now where they used to go immediately. It's turning a corner. We're going to see some kind of price haircut at the very least.

>>	Anonymous Mon Sep 12 15:02:52 2022 No.51392232 >>51392142 Black rock is getting rid of a lot of its residential portfolio. You’re not up to date on what they are doing.

>>	Anonymous Mon Sep 12 15:03:13 2022 No.51392241 >>51392197 Lol, ok rentoid. You will see.

Anonymous Mon Sep 12 15:05:29 2022 No.51392271

I want a home but just like our countries infrastructure all the homes are old as shit too. Lots of homes were built in the 1940s, have no central air, and have extremely dated interiors that is hideousor damaged and needs to be ripped out. We should work to bring down the cost of BUILDING so that these homes are cheaper than newer bult homes. And yes, I am aware that new homes can be cheap builder grade garbage too but a lot of these older homes still look like they were built/renovated cheaply anyway.

Anonymous Mon Sep 12 15:11:05 2022 No.51392349

>>51392217
>houses are sitting for weeks now where they used to go immediately therefore crash will happen
This males no sense. What you fail to realize is houses should sit on the market for weeks if not months. This is completely normal. It is very abnormal for houses to go under contract in a few days/weeks. You are basing your argument on abnormal conditions during a historic buying frenzy. Houses taking longer to sell while prices remain should happen in a cooling market. The buying frenzy is over is all.

>>	Anonymous Mon Sep 12 15:11:40 2022 No.51392359 File: 36 KB, 720x732, 1662134682115835.jpg [View same] [iqdb] [saucenao] [google] I just bought a 3 room condo in a completely new building in Eastern (Best) Europe for 150k. Chuds are priced out, stay mald.

>>	Anonymous Mon Sep 12 15:12:05 2022 No.51392364 >>51392349 >males *makes

Anonymous Mon Sep 12 15:13:54 2022 No.51392398

>>51392349

How is this a response? No shit the prior market was abnormal. That's why a return to normal is all but guaranteed. Prices soared to artificial highs in an abnormal context that saw record low mortgage rates and free lunch. That context is now gone. Think about shit before you post, faggot.

When prices sit on the market, sellers get worried and impatient. They drop prices. Then someone else drops prices lower to compete. That's how a slump happens.

>>	Anonymous Mon Sep 12 15:15:09 2022 No.51392415 >>51392359 >eastern europe enjoy the russian invasion and them raping ur wife and kids in the future

>>	Anonymous Mon Sep 12 15:19:18 2022 No.51392482 >>51392359 > Not buying in Western Europe who are daddy US's favorites Unironically NGMI.

Anonymous Mon Sep 12 15:19:59 2022 No.51392494

>>51392398
Anecdotal evidence here but this has already begun. I live in a rural market that exploded during covid (it is “resort adjacent” and was relatively affordable) but we have no amenities and limited career prospects for non-remote employees.

Houses that listed for $750,000 in February are now accepting offers in the low $500s and the sellers are just happy to get out because everyone knows there is further to fall.

Anonymous Mon Sep 12 15:26:09 2022 No.51392572

>>51392398
You are too angry to have a rational discussion. Facts are facts. Stop ignoring them. Houses are sitting longer on the market is not bad thing. Its normal.
>>51392494
>Anecdotal evidence
That's is exactly what this is and therefore of no value. It must be considered that your market is a microcosm disconnected from the average. Also I already stated above greedy idiots are the ones getting btfo on pricing. A 10-15% dip on houses that doubled in price doesn't mean anything. This should happen in a cooling market. There is no crash occurring. Any suggestion otherwise is delusional.

>>	Anonymous Mon Sep 12 15:32:15 2022 No.51392648 >>51392415 We are in NATO. >>51392482 Try finding a 3 room condo for 150k in a real town in Western (Worst) Europe.

>>	Anonymous Mon Sep 12 15:35:46 2022 No.51392697 >>51392171 Yeah because there are 30 threads about the housing market just like ChinLink and LUNA threads.

>>	Anonymous Mon Sep 12 15:39:02 2022 No.51392736 >>51392648 You are right, you can't. So the best thing you could have done is invest that 150K and pray to whatever god you believe in that the value would rise to an amount that would buy you a decent home in western Europe.

>>	Anonymous Mon Sep 12 15:39:03 2022 No.51392737 >>51392482 >daddy US's favorites You mean punished the hardest atm, genocided by low birth rates and replaced by informed citizens ? You are a freak, meds now.

>>	Anonymous Mon Sep 12 15:49:04 2022 No.51392888 >>51391898 hey rentoid, if you buy less funky pops maybe you can afford a house soon!

>>	Anonymous Mon Sep 12 15:51:50 2022 No.51392923 >>51392888 >funky pop Anyone own one still in box should be placed in a camp.

Anonymous Mon Sep 12 16:10:25 2022 No.51393205

So home builders were making money one new builds selling 200k~300k just a few years ago. We are no longer live in the same market. But if lumber and other building supply come down will we see New builds be the ones who pull the market down to some sanity?

>>	Anonymous Mon Sep 12 16:18:03 2022 No.51393319 Can someone explain to me why Opendoor[OPEN] in green over the last 5 days?

Anonymous Mon Sep 12 16:21:38 2022 No.51393387

>>51393205
>if lumber and other building supply come down
>if
Building supply companies will never lower prices. Material and shipping costs are too high and the suppliers themselves are too greedy.
Builders will adapt by building less luxury homes, move away from selling single family homes and/or focus on build to rent properties.
The future is renting for those who got priced out and for zoomers coming up that never had a chance to buy.
https://www.builderonline.com/land/development/coastal-ridge-real-estate-announces-new-build-to-rent-community-in-ohio_o

>>	Anonymous Mon Sep 12 16:24:49 2022 No.51393446 >>51392888 We will see how many people can keep paying their high mortgages when the interest rates keep going up. I'll be buying when house are auctioned off by the bank

>>	Anonymous Mon Sep 12 16:32:43 2022 No.51393573 >>51393387 Really the only new construction I am seeing is large rental complexes and upper class subdivisions. I see no modest homes being built anywhere.

>>	Anonymous Mon Sep 12 16:41:35 2022 No.51393714 File: 134 KB, 660x1224, IMG_20211211_085628_720.jpg [View same] [iqdb] [saucenao] [google] >>51393446 Anyone who subs to an only fans account should be denied home ownership.

>>	Anonymous Mon Sep 12 16:42:11 2022 No.51393726 Banks come first and will just raise interest rates to cover the stagnating prices. Give it two to five years and it'll do another 20% spike. Buying now isn't a bad idea desu, especially with inflation so high.

>>	Anonymous Mon Sep 12 16:52:15 2022 No.51393857 File: 92 KB, 680x573, 1660867065620653.jpg [View same] [iqdb] [saucenao] [google] >>51392572 >There is no crash occurring. >REEEEEEEEE Kek, zillowstacies getting btfo.

Anonymous Mon Sep 12 16:55:11 2022 No.51393892

>>51393387
Honestly I'm not annoyed about apartments being built. Apartment rents have gone up absurd amounts. Seeing more apartments being built is a great thing.

I have heard that there is a lot of funky loans dealing with apartments... High interest gap and prices that don't support the current market all the while new apartment buildings are being built everywhere. Sounds great for a rent re-set.

>>	Anonymous Mon Sep 12 16:57:41 2022 No.51393933 >>51393446 But those people already have 2% mortgages anon! That's why we say, priced out FOREVER :)

>>	Anonymous Mon Sep 12 17:01:24 2022 No.51393987 >>51393714 Yes. Thats why you need Monero. And bitcorn sucks dick

>>	Anonymous Mon Sep 12 17:02:30 2022 No.51394003 File: 82 KB, 720x814, 1662952053590053.jpg [View same] [iqdb] [saucenao] [google] Fun fact, every 1% drop in home prices pushes 29,000 more mortgages underwater in america. this is a cascading effect :)))

>>	Anonymous Mon Sep 12 17:05:03 2022 No.51394048 >>51392057 i see price cuts starting on all the real estate around me, not quite panicking but very sizable cuts. usually -8% to -12% cuts. I am pretty sure that is consistent with rate increases, retard.

>>	Anonymous Mon Sep 12 17:06:03 2022 No.51394071 >>51394003 I want the man to push rates +20% J Powell

>>	Anonymous Mon Sep 12 17:07:34 2022 No.51394105 >>51391974 retard: the post

>>	Anonymous Mon Sep 12 17:07:59 2022 No.51394113 >>51391674 > he thinks home prices won't crash during a world wide depression, disinflation and resource scarcity.

>>	Anonymous Mon Sep 12 17:09:44 2022 No.51394143 >>51393726 >Buying now isn't a bad idea its literally the worst time in history lol

>>	Anonymous Mon Sep 12 17:16:35 2022 No.51394252 >>51392057 >unironically listening to what JPM and Goldman Sachs put out to the press Good goy

Anonymous Mon Sep 12 17:17:25 2022 No.51394269
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>>51391674
>>51391674
Rising rates will bring principles down but the total cost of ownership will be the same. That's what determines the principle after all; the monthly mortgage payments people can afford. Lower overall principle however means that anyone that has saved up a bigger downpayment will be able to get a lower mortgage. I don't know if this is really a big deal. Maybe it slightly changes the demographics of who can afford a home but not drastically.

Basically
>Rents will continue to increase regardless of what home prices do
>New homes will not be built at the rate required to reduce the cost of housing from a supply vs. demand perspective
>The overall cost of housing will continue to increase though the total purchase price of a home may go down for a little bit

People don't get that there are lots of immigrants that are willing to reduce their quality of life substantially when you aren't, and that will keep prices high. Its fine for two families from India to live in a single house with 3 bedrooms which means the western family has to compete with paying additional rent or doing the same thing.

This is the WEF plan -- destroy quality of life, remove all forms of ownership and subsume control. There will always be money to buy homes whether its from overseas or blackrock or whatever. The chances of a housing crash happening -- an actual crash like the 80's, not just "oh no we're back down to last years 'lows' after 10-20% YoY increases for the last decade -- is basically zero. Thank MMT, your central banks and your good friends at politically involved think tanks like the WEF for that.

>>	Anonymous Mon Sep 12 17:18:03 2022 No.51394277 >>51394003 And then come the job losses

Anonymous Mon Sep 12 17:19:28 2022 No.51394298

>>51394143
I agree with you short term
Long term I disagree
>Big corps are still buying single family homes
>Inflation is going to be high over the next 10 years
>Interest rates will come down and you can re-finance
>immigration won't stop
>US is doing great compared to the world

>>	Anonymous Mon Sep 12 17:21:19 2022 No.51394311 >>51394143 >housing prices stabilizing >interest rates continue to sky rocket >HUR DON'T BY NOW WAIT TILL INTEREST RATES ARE 10% BRO Enjoy being forever priced out rentoid.

Anonymous Mon Sep 12 17:22:51 2022 No.51394337

>>51394113
>resource scarcity
this makes prices go up friend. cost of building houses goes up, cost of land goes up. inflation also makes the prices go up. everything you mentioned makes prices skyrocket unless a depression actually causes job losses significant enough to leave large quantities of homes empty.

But even then:
>corporate home owners like blackrock can weather the storm and leave properties vacant
>immigration and foreign money will keep the gravy train going

There will be no 'depression'. There will be a recession and some pullback on exuberant spending. It will not affect house prices in any meaningful way. The people who own will get richer, the people who don't will have to fight harder for the scraps

>>	Anonymous Mon Sep 12 17:24:39 2022 No.51394361 >>51394269 >There will always be money to buy homes whether its from overseas or blackrock or whatever. I want to see cities raise property taxes on investors who buy single family homes.

Anonymous Mon Sep 12 17:31:08 2022 No.51394451

>>51394361
The same investors that vote for or lobby politicians to keep things the way they are? Landlords form voting blocs and (surprise, surprise) basically all politicians are also property investors and landlords. You can't win, there is no solution outside of violent revolution. There's a reason why so many revolutions killed landlords en masse.

But theres no way for revolutions to occur in modern society so enjoy the new permanent system.

>>	Anonymous Mon Sep 12 17:34:54 2022 No.51394508 >>51391674 >Rising interest rates won't bring prices down, they will only stabilize current pricing. ? dude what ?

>>	Anonymous Mon Sep 12 17:35:36 2022 No.51394519 >>51394508 its called delusion

>>	Anonymous Mon Sep 12 17:37:06 2022 No.51394550 >>51394337 Immigration will come to a stop. We're going to get a world wide reduction in population, labor, supplies and more importantly demand. Depression is inevitable. Open your eyes.

Anonymous Mon Sep 12 17:39:59 2022 No.51394600

>>51394508
Its really not that hard to understand.
Prices shot up during a buying frenzy while interest rates were historically low.
Rising interest rates are now cooling the rate of price increases.
Housing prices are only cooling.
There is no eminent housing market collapse.
The market will slowdown and prices will crab with the higher interest rates.

>>51394519
>cope

>>	Anonymous Mon Sep 12 17:45:17 2022 No.51394692 >>51394600 I want to buy sometime early next year. Prices would have crabbed long enough that Sell might start accepting low ball offers. Also it give me more time to save for a larger down payment.

>>	Anonymous Mon Sep 12 17:50:38 2022 No.51394778 >>51394550 >Immigration will come to a stop This will never ever happen.

>>	Anonymous Mon Sep 12 17:52:04 2022 No.51394798 File: 51 KB, 1132x852, houses.jpg [View same] [iqdb] [saucenao] [google] I wish I lived in poormerica where I could buy a house for a measly 600-800k. Anyway, I bought the generational, once in a lifetime dip here too lol

>>	Anonymous Mon Sep 12 17:53:00 2022 No.51394815 >>51394778 I spent a week in Colombia... If lived as the average Colombian I would be learning English and heading North. The immigrates will not stop.

Anonymous Mon Sep 12 17:58:27 2022 No.51394903

>>51394798
Toronto and vancouver are going to be absolute shitshows. Especially if poilievre gets in and makes good on his housing policy plan for municipal infastructure subsidies. I dont know what political sentiment is like right now, but if there is even a chance the liberals lose next election i would be selling anything i own in canada.

Anonymous Mon Sep 12 18:01:22 2022 No.51394950

>>51394903
>i would be selling anything i own in canada.
I feel bad for you guys in Snow Mexico. It was a shit show seeing what the average Snow Mexican makes vs the average cost of a home. I hope ever hard working Snow Mexican gets to buy a house in the coming years.

Anonymous Mon Sep 12 18:03:14 2022 No.51394984

>>51394798
>comparing the second most expensive real estate to the poorest parts of the US
ORRRR... you can just admit you're coping. You could have easily just said
>I wish I lived in poorcanada where a house goes for a measly 200-300k
Because if you're comparing most expensive in Canada to most expensive in the US, I got news for you, little guy....

Anonymous Mon Sep 12 18:04:52 2022 No.51395014

>>51394950
Dont pity them, i can buy a 3 bedroom for 100k leafbucks where i live and every job around me pays at least 35 leafbucks an hour. They CHOOSE to live in these rat hives, taking on 1 million dollar mortgages for 1.5 million dollar homes, in cities where a bachelors degree gets you a sweet 65k/yr salary.

Anonymous Mon Sep 12 18:08:37 2022 No.51395081

>>51392359
It seems so much better there if you have some money. Like when I meet Eastern European people they’re always better than other foreigners and it seems like the people there, generally speaking, are more traditional than in the west. Plus the girls are usually hot and not fat. My friends I met here in the US really want me to go to visit them in Serbia. I should probably take them up on it.

>>	Anonymous Mon Sep 12 19:17:04 2022 No.51396400 >>51395081 Leaning new language is hard. I only want to do it once. What should I learn?

>>	Anonymous Mon Sep 12 19:18:18 2022 No.51396427 File: 115 KB, 1024x768, weekly-report-sale-price-1024x768.png [View same] [iqdb] [saucenao] [google] >>51392057 >both are rising together and have been rising together this entire year. Prices started to drop around July.

>>	Anonymous Mon Sep 12 19:20:25 2022 No.51396472 >>51391972 1970s in america, post war boom etc

>>	Anonymous Mon Sep 12 19:32:43 2022 No.51396681 >>51391674 Post nose

>>	Anonymous Mon Sep 12 19:41:17 2022 No.51396837 >>51396427 >Prices started to cool around July. fify This was expected as markets were overheated. 10-15% downward correction only moves pricing back a couple of months. $10k-20k off a $500k house doesn't really mean much in terms of affordability.

Anonymous Mon Sep 12 19:42:42 2022 No.51396865

>>51391705
Try late 2020 prices with 18-20% mortgage rates + new law quietly introduced stating that mortgage debt cannot be disrupted in bankruptcy following the meme student loan relief. Powell will do the needful and wreck the present and the future.

>>	Anonymous Mon Sep 12 19:49:28 2022 No.51397008 >>51393446 Fixed rate.

>>	Anonymous Mon Sep 12 19:59:50 2022 No.51397188 >>51396837 >10-15% >$10k-20k off a $500k house 10-15% would be $50k-$75k off $500k and then we will see how much tolerance for pain these boomer landlords really have when it comes down to it

>>	Anonymous Mon Sep 12 20:06:28 2022 No.51397285 >>51397188 Man I hope this comes true. Long term property holders will be fine, but there are a lot of people trying to play the real estate game with questionable numbers that will get taken down.

>>	Anonymous Mon Sep 12 20:10:51 2022 No.51397354 >>51391674 Kike economy.

Anonymous Mon Sep 12 20:12:43 2022 No.51397377

>>51397188
Not everything is going down that much. Problem with you housing doomers is you are cherry picking the worst examples of price gouging. Most homes are not plunging that much in price before sale. Even in booming markets aren't moving that much down across the board.
Also those price drop numbers you are chortling about $50k-$75k don't mean shit already. Interest rates have wiped out any gains buyers may have seen.
You cleanly aren't paying any attention to housing costs, mortgage rates and how the two effect monthly costs for home buyers. You are on the outside looking in, not paying attention and haven't realized yet that monthly housing costs for buyers have gone up while buyers have simply moved forward with the purchases anyway. This is why now is as good of time as any to buy. Regardless of prices cooling and mortgage rates changing in the end monthly costs are still lower now than they will be in six months for buyers.

>>	Anonymous Mon Sep 12 20:14:29 2022 No.51397395 >>51391674 As the roller coaster cart teters off the top, the cope increases. See you in a year hoomer boomer.

>>	Anonymous Mon Sep 12 20:21:41 2022 No.51397512 >>51397377 those were your numbers, idgaf what you do - the more i hear (((experts))) and their parrots assuring that the line will only go up so buy now, the more im happy to stack cash and wait for their tone to change

Anonymous Mon Sep 12 20:24:53 2022 No.51397566

>>51397512
>im happy to stack cash
You aren't stacking enough cash to matter. If you had access to as much cash as you claim you wouldn't be sitting on the sidelines. You would either be out right buying a house or putting a huge amount of cash down and financing a small amount.
Whatever. You do you. Enjoy thinking that few hundred you put aside monthly matters.

>>	Anonymous Mon Sep 12 20:38:06 2022 No.51397775 >>51392572 >Anecdotal evidence Nigger housing is a perfectly differentiated product, literally any argument you make about it is anecdotal.

Anonymous Mon Sep 12 20:58:15 2022 No.51398063

>>51397377
I just want to know where the money is coming from to sustain these retarded prices that you niggers think will never come down.
>inflation gets bad
>costs of everything go up
>less discretionary spending
>companies miss earnings
>rates go up to fight the inflation because it's either bring down inflation or Cheerios costs $30/box
>cheap money is gone
>companies can no longer infinitely grow and sustain meme jobs
>hiring freezes
>layoffs
>wages are stagnant for everyone who is still employed
Just tell me, where is the money to buy that 2 bed 1 bath 900 sqft $500k fixer upper is coming from? And if this isn't the top, how is anyone supposed to afford it at an even higher rate when almost everyone is already priced out and the dynamics of money that allowed predatory landlord faggots to scoop everything up under the assumption of infinite appreciation are gone?

>>	Anonymous Mon Sep 12 21:00:17 2022 No.51398097 >>51398063 >Just tell me, where is the money to buy that 2 bed 1 bath 900 sqft $500k fixer upper is coming from? Subprime borrowing. I don't know many people who are putting 20% and a lot out there are putting less than 10% down.

Anonymous Mon Sep 12 21:02:02 2022 No.51398123

>>51397566
Everything in the market is still significantly overpriced for the most part from what I am seeing. You sound like the fags who were telling everyone to buy $40k BTC because it was definitely never going to go any lower because muh game theory muh whales muh institutions and muh on-chain analysis. Get fucked

>>	Anonymous Mon Sep 12 21:02:39 2022 No.51398137 >>51391674 Good thing I bought aeva under 3

Anonymous Mon Sep 12 21:06:47 2022 No.51398188

>>51398097
sub 20% loans aren't sub-prime, you still have to go through the scrutiny of the loan process the only difference is you put down less and that's even if your offer gets accepted because a lot of sellers brush those off because they need to meet standards of the FHA. You also have your per-qualification limit lowered the less you put down. Like if you qualify for a $500k house w/ 20% down you don't qualify for a $500k house w/ 3.5% down because you now have to add in PMI + you have higher monthly costs and your underwriter is going to look at your income and make all his decisions based on that. Sub-prime means the borrower is shit tier and after 2008 the standards for borrowing got a lot more strict.

Anonymous Mon Sep 12 21:15:41 2022 No.51398320

>>51391674
Prices are rising because you guys are willing to spend more money on it. If you insist, you're not paying more, prices will stop rising. Or maybe use crypto since it is deflationary. Utrust has some real estate agents that accept crypto payments

>>	Anonymous Mon Sep 12 21:28:10 2022 No.51398541 lmfao, just wait till all the boomers die and for the chad and stacy couples who signed that ultra high mortgage they can only afford with dual incomes get divorced :)

Anonymous Mon Sep 12 21:29:43 2022 No.51398563

Just tried to buy a duplex. Fucking same day it went up for sale. By the end of the day I was one of 3 offers. It was Friday, I was going to check it out on the weekend. No go, seller decided they wanted to close the sale THAT DAY. Offered 36k above asking and lost to a cash offer. The market is STILL crazy.

>>	Anonymous Mon Sep 12 21:29:59 2022 No.51398570 >>51397775 >your argument is shit because uh... BECAUSE THEIR ARGUMENT IS SHIT Real solid counter argument you have there.

>>	Anonymous Mon Sep 12 21:30:52 2022 No.51398594 >>51398563 >wanted to buy duplex >be buyer in sellers market probably larp but there are plenty of people this retarded out there

>>	Anonymous Mon Sep 12 21:31:54 2022 No.51398608 File: 45 KB, 1007x725, 2008 again.png [View same] [iqdb] [saucenao] [google] >>51398188 >Sub-prime means the borrower is shit tier and after 2008 the standards for borrowing got a lot more strict. Pic related is you talking directly out of your ass.

>>	Anonymous Mon Sep 12 21:34:36 2022 No.51398653 File: 186 KB, 1024x762, 1662141277825149.jpg [View same] [iqdb] [saucenao] [google] >>51398063 >where is the money to buy that 2 bed 1 bath 900 sqft $500k fixer upper is coming from? From people with real jobs.

>>	Anonymous Mon Sep 12 21:36:00 2022 No.51398674 >>51398063 ah geez yeah I know, look I'm sorry, I'm not selling my sub 3% fixed mortgage is all, I KNOW, sorry. I'm just not selling is all HAHAHAHAHAHA

Anonymous Mon Sep 12 21:38:23 2022 No.51398709

Housing crashes in slow motion and you cryptokiddies don't realize that even in 2008 it took 2-3 years for prices to bottom out. The market sentiment has only recently changed and motivated sellers will take possibly years to get the hint that no one is buying at the prices they are selling. Inventory is EXPLODING but we're playing a game of chicken to see who blinks first as sellers don't want to lose money and aren't desperate yet.

Anonymous Mon Sep 12 21:39:14 2022 No.51398722

>>51398608
Thanks for skipping over the entire part of my post where I explained how LTV works retard. Just because you can in theory put 0% down doesn’t mean you’re going to because A) your offer probably won’t get accepted B) you probably can’t afford shit because what you can qualify for goes down the less you put down.
You’re also a double nigger because you think a housing crash will be saved by subprime lending rather than exacerbated by it

>>	Anonymous Mon Sep 12 21:41:28 2022 No.51398760 >>51398674 You don't need to be sorry... I would do the same.

>>	Anonymous Mon Sep 12 21:43:12 2022 No.51398801 >>51398722 Yes this retarded extremely high level of lending will cause 2008 all over again. People need to learn to live within their means, if you cant afford it then don't buy it

>>	Anonymous Mon Sep 12 21:45:25 2022 No.51398835 >>51391898 good thing I’m not selling near term

Anonymous Mon Sep 12 21:45:55 2022 No.51398846

>>51398722

When did I say the housing crash will be prevented. Giving free subprime loans to niggers will both inflate the market and then cause more defaults. I was refuting your claim that the subprime crisis was "solved" in 2008 when we are going directly back to NINJA loans.

Get with the fucking times you fucking boomer.

Anonymous Mon Sep 12 21:47:12 2022 No.51398865

>>51398541
>who signed that ultra high mortgage they can only afford with dual incomes get divorced
That is the thing I don't understand. Divorce is down because marriage is even farther down. The odds of getting divorce has gone down only because the people who do get married are serious about the marriage. But this raises the point.... where are we getting all these married people buying homes that require 2 incomes?

>>	Anonymous Mon Sep 12 21:47:16 2022 No.51398866 >>51398709 this not a crash though, more of a correction in 1-2 years we will start seeing landscape companies and what not start to dry up along with the real estate market

Anonymous Mon Sep 12 21:48:03 2022 No.51398880

>>51398835
Can you afford the interest payments if rates double from here? Together with the cost of living going up? Will people keep their current level of income when the economy tanks? Maybe you have your shit together, but a lot of people don't which will bring a lot of homes for sale

>>	Anonymous Mon Sep 12 21:48:33 2022 No.51398892 File: 145 KB, 1066x1926, Housing Parabola.png [View same] [iqdb] [saucenao] [google] We have so, so much further to fall.

Anonymous Mon Sep 12 21:49:45 2022 No.51398913
File: 80 KB, 474x537, 1658885287762125.jpg [View same] [iqdb] [saucenao] [google]

Its sad my only financial goal in life is to purchase a home in southern california without having to wait until my parents die. The home they bought in 1992 for 200k is now worth a milli. I make 90k a year at 26 and am still not close.

I do have an old, rich but very temperamental great uncle with no kids.... me and my sister have been working that angle for a decade now.

>>	Anonymous Mon Sep 12 21:51:11 2022 No.51398944 >>51398913 >goal in life is to purchase a home in southern california first mistake

Anonymous Mon Sep 12 21:52:10 2022 No.51398964

>>51398846
Here >>51398097 when I asked where all this money to prop up this extremely over bid market would come from. You don’t seem to understand how financing works but it’s probably the most significant aspect of real estate so it would be worth learning

>>	Anonymous Mon Sep 12 21:52:45 2022 No.51398975 >>51398846 Not going to lie... I want to accelerate giving out bad loans. Only issue is buy a house from a nigger.

>>	Anonymous Mon Sep 12 21:53:31 2022 No.51398990 >>51398944 yeah, i'm trapped between my industry, which is massive in socal, and my absolute need to surf as much as possible. I simply refuse to live anywhere else. I'll figure it out I guess.

Anonymous Mon Sep 12 21:55:32 2022 No.51399020

>>51398865
>divorce and marriage is down
really? how much?

but this is anecdotal mind you but i work in the film industry in atlanta and know alot of dual income earners and industry types that bought during covid at the height fo the market. these are people who each earn 100K and still need both incomes to maintain their lifestyle and hit the mortgate

rent and housing has outpaced CPI by over 45%. to put it simply, one week out of a month work could cover rent and utilities, now its about 2.5 weeks to cover rent and utilities......and gas, food, etc. hasnt gotten signficantly cheaper by comparison

>>	Anonymous Mon Sep 12 21:58:20 2022 No.51399068 >>51398964 So you're a boomer with his head directly up his ass. Got it. Enjoy the haircut you're about to take.

Anonymous Mon Sep 12 21:59:25 2022 No.51399090
File: 117 KB, 793x454, jannies.png [View same] [iqdb] [saucenao] [google]

>>51393714
simps btfo
have to keep renting
females repelled by rentlets
simps have no choice but to keep simping on onlyfans
it's a vicious cycle

the only group less worthy of a loan are jannies

>>	Anonymous Mon Sep 12 22:05:43 2022 No.51399212 >>51398880 >Can you afford the interest payments if rates double from here? Most borrowers have fixed rate mortgages. You do know what a fixed rate mortgage is right?

Anonymous Mon Sep 12 22:11:58 2022 No.51399340
File: 145 KB, 1066x1926, 1663019313813368.png [View same] [iqdb] [saucenao] [google]

>>51398892
>so much further to fall.
Not really. Prices are still going up with inflation. Even if the market dips it won't take long to recover. Picrel
Also:
>cherry picking the hottest markets with the most booming economies in the US
Ok sure these rose up pretty high. It doesn't mean they will collapse all that much. There are high paying jobs in all those areas and the demand is not dropping to buy houses. Prices will likely dip a little then crab.

>>	Anonymous Mon Sep 12 22:14:09 2022 No.51399376 >>51399340 all your graphs show a huge bubble, which will likely take 10 years to recover from

>>	Anonymous Mon Sep 12 22:14:27 2022 No.51399380 >>51399068 >I HATE BOOMERS SO MUCH REEEEEEEEEEEEEEE Get a real job, make real money and get good kid.

>>	Anonymous Mon Sep 12 22:15:27 2022 No.51399396 >>51399376 >a huge bubble, which will likely take 10 years to recover from Do you have a shred of evidence to back up your fantasy?

Anonymous Mon Sep 12 22:17:57 2022 No.51399441

>>51399212
More than a third of current applications are ARMs apparently

>nigger tier impulse control
>despite making up only a third or applications, ARMS are responsible for more than 2/3rds of all defaults

https://www.bloomberg.com/news/articles/2022-05-11/adjustable-loans-form-largest-share-of-us-mortgages-since-2008?leadSource=uverify%20wall

>>	Anonymous Mon Sep 12 22:18:43 2022 No.51399456 >>51399396 what fantasy? there's no way for home prices to climb unless borrowers can get 3% rates again. 6% mortgage rates are historically low, but the result is massively higher than what it was last year.

>>	Anonymous Mon Sep 12 22:19:55 2022 No.51399477 >>51399068 Dude I swear you’re mentally challenged. I am arguing in favor that housing will come down. Fucking zoomers go take your Ritalin and learn how to read

Anonymous Mon Sep 12 22:20:07 2022 No.51399482

>>51399441

That's the problem-the prices are so high that people are completely locked out of the market and people are taking increasingly desperate loans (which they are getting from a mortgage industry that still wants to make money off sales) creating another self-perpetuating failure cascade.

Anonymous Mon Sep 12 22:21:46 2022 No.51399499

>>51399340
Highly scientific meme lines you drew.

There is no inherent dollar "value" for housing. A house is not worth its "zestimate." A house is worth whatever agreement a marginal buyer and marginal seller are willing to transact at. Because of high interest rates and a softening economy, marginal buyers are dissapearing. Those who don't need to sell will be fine, but forced marginal sellers (divorces, deaths, job relocation, etc) will have to accept whatever the now weakened marginal buyer will pay.

The marginal buyer is the exit liquidity and right now that exit liquidity is drying up. It's the same thing that happens in financial markets and crypto markets. When buyers dry up, those that need to sell have to "market sell" into whatever the bid is.

Anonymous Mon Sep 12 22:26:46 2022 No.51399562

>>51399499

Also people are aware that the overheated market is over and are much less likely to make a risky purchase as they know they won't be able to sell quickly and may be underwater on anything they purchase.

People seem to have trouble putting themselves in someone else's shoes by simply asking, "What would I do if I was the other side of the deal?"

>>	Anonymous Mon Sep 12 22:27:31 2022 No.51399570 >>51399441 >More than a third of current applications are ARMs post source

>>	Anonymous Mon Sep 12 22:28:32 2022 No.51399586 >>51399456 >https://www.bloomberg.com/news/articles/2022-05-11/adjustable-loans-form-largest-share-of-us-mortgages-since-2008?leadSource=uverify%20wall I never said they were going to climb. I said they will dip then crab.

Anonymous Mon Sep 12 22:30:49 2022 No.51399614

>>51399441
>More than a third of current applications are ARMs
Where are you getting this? Its says right at the top of the article.
>ARMs -- which carry variable interest rates that reset based on the market at predetermined times -- accounted for 10.8% of loan applications

>>	Anonymous Mon Sep 12 22:33:38 2022 No.51399646 >>51398709 Yeah and prices back then actually peaked in 2005. So prices declined for about 6 years.

>>	Anonymous Mon Sep 12 22:41:08 2022 No.51399754 >>51399499 >>51399562 There you crazy doomers go again with your rational thoughts

Anonymous Mon Sep 12 22:49:49 2022 No.51399867

>>51399562
>>51399499
Problem with that line of thought... rent isnt falling in tandem with the rise in interest rates. If you ask what someone on the other side of the deal would do, you might be surprised to find out that people are looking to buy but with a different reasons than they did just one year ago. You might find that someone on "the other side of the deal" is actually someone who you would normally perceive as being on "your side of the deal" who is playing the game in a way that is entirely foreign to how you would normally play it. As the rules change, so should your strategies.

>>	Anonymous Mon Sep 12 22:52:34 2022 No.51399907 >>51399867 If you're priced out of buying and rent is unaffordable then that simply means you have to change jobs or relocate.

>>	Anonymous Mon Sep 12 22:55:34 2022 No.51399951 >>51399614 Yes, I made a mistake its above 10% of applications now, but its increasing. See: https://www.cnbc.com/2022/06/22/demand-for-adjustable-rate-mortgages-surges-as-interest-rates-jump.html

Anonymous Mon Sep 12 23:26:07 2022 No.51400338

>>51399951
I doubt this statistic in regards to average home buyers. The article doesn't say who is taking out the ARMs. I would wager most of these ARMs are being take out by asset managers, corporations, businesses, landlords, ect. This is who normally gets ARMs as they are being used for investments with a specific time frame.

>>	Anonymous Mon Sep 12 23:28:28 2022 No.51400370 >>51400338 >asset managers, corporations, businesses, landlords Oh... I hope they are and I hope J Powell raises rates so damn high.

>>	Anonymous Mon Sep 12 23:43:22 2022 No.51400574 >>51399376 > cites graph where deflation took way less than 10 years what is it like having this IQ? it must be fucking awful. No wonder you went into landlordism, no way can you cut it.

Anonymous Mon Sep 12 23:57:32 2022 No.51400765

>>51400370
It takes 5 years for the average ARM to reach the point of changing interest rate. Its possible rates could peak and be on there way down by then. Alot of times investments made using ARMs are intended to be sold by the time the ARM kicks in so its also possible that the right investment could be bought now, rented out right up to the ARM changing then sold before the ARM rate changes.
Its a risky bet taking on an ARM. It could pay off though. But yah, most fuckers taking ARMs deserve getting fucked.

Anonymous Tue Sep 13 00:22:59 2022 No.51401097
File: 21 KB, 360x332, 20220912_120042.jpg [View same] [iqdb] [saucenao] [google]

>>51399951
If ARMs are still only 10% of apps you realize that means we're only at the 1995ish part of the cycle, right? We've got a long way to go before replicating 2007-08. ARMs made up ~70% of subprime mortgages in 2004. Buckle up because we can get much higher.

>>	Anonymous Tue Sep 13 01:52:23 2022 No.51402196 File: 291 KB, 708x615, 1661832413362535.gif [View same] [iqdb] [saucenao] [google] >>51401097 >Buckle up because we can get much higher.

>>	Anonymous Tue Sep 13 02:03:03 2022 No.51402323 File: 138 KB, 933x1221, 57F217C6-CE64-434A-B10A-D4492FA84ECC.jpg [View same] [iqdb] [saucenao] [google] >>51391705 because it’s different this time right?

>>	Anonymous Tue Sep 13 02:06:04 2022 No.51402359 >>51402323 >it’s different this time right? It actually is different this time. Causes are different, situation is different, ect. Its highly likely it will culminate in a whimper and crab indefinitely.

>>	Anonymous Tue Sep 13 02:06:47 2022 No.51402367 >>51402196 This time next year we're going to be looking at memes of Stacy sporting a zestimate strapon at the top of a mountain while dark fantasy plays in the background. /biz/ will be drowned in these memes rickroll style until 2035.

Anonymous Tue Sep 13 02:15:14 2022 No.51402466

>>51402359
People who expect things to go out on a whimper because of rates or the average person being priced out will spend the next decade confused as home prices continue trending towards rental extraction value. Crab endgame only makes sense if you truly believe that the housing market is still oriented towards selling the average American a chance at home ownership.

>>	Anonymous Tue Sep 13 02:18:49 2022 No.51402500 >>51402359 So housing prices are just going to crab? Is that what your saying? anons have been telling me there not coming down but go up?

>>	Anonymous Tue Sep 13 02:27:01 2022 No.51402605 File: 209 KB, 718x1071, Screenshot_20220912-222510_Chrome.jpg [View same] [iqdb] [saucenao] [google] >>51402359 The fed is about to go full Japan on the housing market and you wont just end up holding the bag, your kids are going to be holding it too.

Anonymous Tue Sep 13 02:36:19 2022 No.51402714

>>51402367
As the lead project manager responsible for >>51393857 and a bunch of other biz memes, I’ll run the idea through my creative team, and see if we can get a proof of concept meme hammered out by next week. But can you clarify the dark fantasy playing?

>>	Anonymous Tue Sep 13 02:37:15 2022 No.51402722 >>51392217 That graph is only relevant in areas with sufficient cheap land to build new homes. If you're smart you bought a low-crime NIMBY home in a great location.

>>	Anonymous Tue Sep 13 03:14:58 2022 No.51403124 >>51402605 I find this outcome hard to believe. To much value would be lost. Banks and wall street would rather see more opportunity to extract value from the housing market.

>>	Anonymous Tue Sep 13 03:19:07 2022 No.51403173 >>51391974 > illegal immigrants are leaving What the fuck are you talking about idiot? We’ve had pretty much record high mass migration numbers this year Why do people just make up shit?

Anonymous Tue Sep 13 03:24:34 2022 No.51403241

>>51403124
I am being a little facetious because obviously they have worse demographics than the US, but the problem the fed is facing now is fundamentally the same as the problen the BoJ was facing back then: they need to decide between 4 million dollar mcmansions and 50 dollar boxes of cheerios or 500k mcmansions and 2 dollar cheerios.

In the end i really do expect them to let housing crash. Its just one of many areas that they can extract wealth from and the process of keeping it pumped would result in too much liquidity spilling over into other asset classes. Better to let it reset and keep the cattle complacent than keep line-go-up and find out what happens when people get hungry and angry.

>>	Anonymous Tue Sep 13 04:23:58 2022 No.51403912 >>51403124 >to much value will be lost Don't forget the largest generation is about to retire or die off very soon!

>>	Anonymous Tue Sep 13 04:31:53 2022 No.51403990 >>51403912 Doesn't matter much. Boomers won't be dead for decades. Imigrants and zoomers will buy shitty houses as X and millenials move up into boomer houses. There are plenty of potential buyers to keep the market up.

>>	Anonymous Tue Sep 13 04:37:00 2022 No.51404039 >>51403990 >it can literally only go up forever

>>	Anonymous Tue Sep 13 04:53:42 2022 No.51404175 >>51404039 You realize the price of everything goes up over time in a capitalist society right? Houses aren't going to go back to $10k same as gas isn't going back to a dime a gallon.

>>	Anonymous Tue Sep 13 04:54:33 2022 No.51404182 >>51391674 Most insufferable thread on the planet plz for the love of Christ stop

>>	Anonymous Tue Sep 13 04:59:39 2022 No.51404221 >>51404175 when the price of something diverts up and away from the income trendline it is an unsustainable leverage fueled price bubble

Anonymous Tue Sep 13 05:07:37 2022 No.51404283

>>51404221
Not relevant with the current housing market. There are plenty of affordable houses outside of the hottest markets. Buyers that want a cheap house can go buy one outside of the hot markets. Within the hot markets prices will stay elevated as their are jobs with incomes to support them. Of course wagies won't be able to buy houses in hot markets as they have shitty low wage jobs. These wagies are priced out and no choices besides rent or move away.

Anonymous Tue Sep 13 05:12:10 2022 No.51404337

>>51402605
Differences are

1. Japan never had a world reserve currency nor tons of foreign real estate investment
2. Japan never had mass immigration
3. Japan doesn't have blacks so they don't need nimbyism to artificially raise prices
4. Japan is efficient and can make homes quickly according to demand
5. Oil was cheap back then

>>	Anonymous Tue Sep 13 05:22:44 2022 No.51404454 feels good escaping rentoid life

Anonymous Tue Sep 13 05:34:12 2022 No.51404560

>have a nice affordable house
>offered new job and have to move
>will rent out current house
>thinking about renting in new area instead of buying second home and getting dunked on by housing market dump

Am I retarded /biz/? Should I just go permabull and snap up a second property despite the market pulling back?

>>	Anonymous Tue Sep 13 05:42:19 2022 No.51404641 >>51404560 Your mistake was getting a job that forced you to move.

>>	Anonymous Tue Sep 13 06:17:32 2022 No.51404947 >>51404560 I would sell and rent for a while then buy back in later. housing crashes arent like stock or crypto crashes, stock bear markets last a max of like 2 years, housing takes like 7 years to find a bottom historically.

>>	Anonymous Tue Sep 13 06:21:00 2022 No.51404981 >>51391910 >prices dip 10% >cash will be worth less Absolutely based 103 IQ poster

>>	Anonymous Tue Sep 13 06:25:23 2022 No.51405012 >>51404175 >thinks inflation is exclusive to capitalism lmao pinko faggot

>>	Anonymous Tue Sep 13 06:27:14 2022 No.51405028 >>51393892 kys faggot

>>	Anonymous Tue Sep 13 06:27:36 2022 No.51405032 Damn, and it only took an hour to go from >>51391674 >>Rising interest rates won't bring prices down, they will only stabilize current pricing to >>51392572 >A 10-15% dip on houses that doubled in price doesn't mean anything.

>>	Anonymous Tue Sep 13 06:29:04 2022 No.51405043 >>51394143 it's the worst time in history so far

>>	Anonymous Tue Sep 13 09:19:03 2022 No.51406311 >>51391674 shut the fuck up pajeet what did you expect when the world is in crisis. I've already bought some UTK, COTI and XPRESS .... I'm fucking sure I'll get a decent return on investment from these in the future.

>>	Anonymous Tue Sep 13 09:22:23 2022 No.51406347 >>51394143 Is actually the worst time. I think Crypto need more adoption. Im glad projects like Xpress COTI and UTK are already frontlining this via payment of utilities and bills with crypto

>>	Anonymous Tue Sep 13 09:22:27 2022 No.51406348 >>51391674 You forgot the best part. Interest rates are below the rate of inflation. The debt is literally eroding faster than the interest. Rentoids seething.

>>	Anonymous Tue Sep 13 09:38:28 2022 No.51406487 >>51406311 The world is in crisis because there are so many neetshit faggots and human dirt lying around. If you fit the mould, I suggest you kys

>>	Anonymous Tue Sep 13 09:40:21 2022 No.51406511 >>51406347 Nothing would save us from the scourge of obese gamers and neets who litter biz. Now they make money from home and can order takeouts. We're doomed

>>	Anonymous Tue Sep 13 10:06:31 2022 No.51406730 >>51391674 Man up and stop being such a loser. There are a lot of crypto projects to choose from now. They're all gonna be explosive. Go for payment related projects. You'd have enough money to buy any fucking house you want

Anonymous Tue Sep 13 10:08:32 2022 No.51406745

>>51404641
>current job is $60k a year
>new job starts at $130k a year

Location is also much better and cost of living is surprisingly lower. There's also other white people everywhere that work in STEM and they don't appear to be batshit insane liberals.

>>	Anonymous Tue Sep 13 10:08:53 2022 No.51406748 File: 9 KB, 225x225, images (17).jpg [View same] [iqdb] [saucenao] [google] >>51406348 This is why rents should be paid in crypto. Heck, everything should be paid in crypto. The financial system has been broken. Thanks Reagan. Stupid motherfucker.

>>	Anonymous Tue Sep 13 10:13:50 2022 No.51406784 File: 6 KB, 249x179, 1658205496205889s.jpg [View same] [iqdb] [saucenao] [google] >>51406487 This is not stopping, literally everything is sinking, this is why I'm not throwing funds into the air I'll rather stick to my DCA and staking

>>	Anonymous Tue Sep 13 10:17:05 2022 No.51406806 File: 5 KB, 250x246, 1656174686246s.jpg [View same] [iqdb] [saucenao] [google] >>51406511 That is the future, my buddy. As innovation takes over the world, it is better to not be left behind.

>>	Anonymous Tue Sep 13 11:33:11 2022 No.51407401 >>51406348 no, that has to be compared to wages or the avg rate of stock inflation, you massive tard

>>	Anonymous Tue Sep 13 11:34:17 2022 No.51407413 >>51404337 we had all these in 2009 yet prices fell

>>	Anonymous Tue Sep 13 11:43:38 2022 No.51407509 >>51398653 >Landlords Dude tried to slip Landlords in there.

>>	Anonymous Tue Sep 13 12:14:13 2022 No.51407789 File: 1.76 MB, 400x206, 1645940194845.gif [View same] [iqdb] [saucenao] [google] >>51404337 >Japan is efficient and can make homes quickly according to demand

>>	Anonymous Tue Sep 13 12:16:08 2022 No.51407808 >>51404947 >dude just throw out seven years of renting the property into the trash instead of building equity what a smoothbrain responce

Anonymous Tue Sep 13 12:17:21 2022 No.51407822

>>51391674
untrue completely, houses in Arizona, Scottsdale, Phoenix have been slashed anywhere from 20% to 30%. When I was there early July looking at some houses the retailers were desperate to sell.

Wait till early 2023 then we'll see some real prices cut.

>>	Anonymous Tue Sep 13 12:19:48 2022 No.51407846 >>51405032 >these two statements taken out of context that I can't comprehend though autistic brainlet

>>	Anonymous Tue Sep 13 12:21:30 2022 No.51407871 >>51406730 >le irrelevant crypto post stfu shill

>>	Anonymous Tue Sep 13 12:25:17 2022 No.51407912 >>51407822 >yah but these cherry picked extreme examples though This has already been discussed up thread. Such examples are irrelevant. They are not representative of the average sales nation wide.

>>	Anonymous Tue Sep 13 12:30:04 2022 No.51407953 >>51407912 Why are you minimizing the data rather than explaining how this will not be the national average? Why does this come off as cope posting?

Anonymous Tue Sep 13 12:30:41 2022 No.51407959

>>51407789
That's not untrue. Here in Japan they make American-style toothpicks-and-cardboard houses and every new owner tears down the old one to build their own. Construction is a constant high-demand high-efficiency business. The houses are shit but they're are definitely quick and according to demand

Anonymous Tue Sep 13 12:56:34 2022 No.51408494

>>51399867
Rents haven't come down yet*, at least not en masse. There's lots ways that it could come down though.
>The dozens of new construction buildings in each city struggles to meet occupancy rates so they lower rents as a result
>The high end luxury buildings lose occupancy as layoffs begin to hit. Luxury pricing starts creeping into mid-tier pricing so mid tier has to lower, and so on
>Houses go for cheaper so new owners who pay in cash are less pressured to keep rents at or above market because they have less overhead.
Regardless of what rents do housing prices will simply do whatever they need to do in terms of pricing to meet some kind of market equilibrium. I don't see how prices can continue to climb when people already can't afford them and now rates are up making them even more expensive to finance, even when slightly discounted. There's no more meme money, there's no economic growth which means companies are cutting. This stuff just kicked off. It takes time but it's on it's way down and not for nothing but the whole sentiment check thing is retarded. Anyone could have told you in the DotCom crash or the Sub-Prime Mortgage crash that it was a recession just like anyone could have told you we were in a bull run the last 10 fucking years.

>>	Anonymous Tue Sep 13 12:57:36 2022 No.51408522 >>51391674 Up rates go again, Stacy, you bitch

Anonymous Tue Sep 13 13:06:12 2022 No.51408708

>>51407953
>yah re-discuss what has already been discussed
Read the thread retard. You made a mountain out of mole hill and got btfo.. Now you afterwards you cry and shitpost. You're the one coping.
Extreme examples from Phoenix are not the norm. Deal with it. Read the thread.

>>	Anonymous Tue Sep 13 13:07:35 2022 No.51408730 >>51408708 *typos

Anonymous Tue Sep 13 13:22:52 2022 No.51409016

>>51407912
>House prices only go up. You are priced out!
>Ok prices might come down a bit, but we are just cooling off and only in super hot areas.
>Ok wow that's a big dump but it's just in hot areas! Much cherry picking! (you) are here.
>We have already coped about this up thread!!

>>	Anonymous Tue Sep 13 13:38:31 2022 No.51409315 >>51392078 Blackrock.

>>	Anonymous Tue Sep 13 13:40:40 2022 No.51409366 >>51396400 Learn Interslavic. It's designed to be more or less intelligible to every Slavic speaker. https://en.wikipedia.org/wiki/Interslavic

>>	Anonymous Tue Sep 13 13:54:42 2022 No.51409628 >>51408708 are you retarded?

>>	Anonymous Tue Sep 13 13:58:13 2022 No.51409702 >>51409628 Not as retarded as (you) apparently.

>>	Anonymous Tue Sep 13 13:59:14 2022 No.51409724 >>51408730 >>51409702 hmmmm

>>	Anonymous Tue Sep 13 13:59:50 2022 No.51409734 >>51407401 It literally doesn't. Interest Rate - Inflation = Real Rate of Interest

Anonymous Tue Sep 13 14:03:53 2022 No.51409822
File: 228 KB, 1080x1202, A24AFF23-2E72-40A3-B4FA-3D4D3E1A81BD.jpg [View same] [iqdb] [saucenao] [google]

>>51409702
>37 posts by this ID
Interest rates will continue to rise, another 75bps is all but guaranteed this month after CPI numbers and Jerome’s statements last week. Nobody can afford these overpriced shitbox McMansions. By every metric it’s expected house prices will drop dramatically these next 6-12 months. You fucked up buying the top and you’re either brainwashed by HGTV or experiencing buyer’s remorse. Interest rates rise .75% and suddenly that $280,000 monthly mortgage rises another $100 each month and Bill who just got laid off during the upcoming (expected) recession has to foreclose.

You’re retarded, there’s zero reason to believe house prices will continue to rise these next few months. Stop shitting up the thread with your retarded opinions that you know absolutely nothing about.

>>	Anonymous Tue Sep 13 14:16:13 2022 No.51410035 >>51409822 Brainlet post, bill isn’t foreclosing, prices will rise or societal collapse will happen.

YOUR COOL FRIEND. Tue Sep 13 14:22:26 2022 No.51410140
File: 2.81 MB, 4032x3024, 8D9EB04B-1A48-4735-AE71-04DA364E6B0E.jpg [View same] [iqdb] [saucenao] [google]

>>51409822
>Interest rates rise .75% and suddenly that $280,000 monthly mortgage rises another $100 each month and Bill who just got laid off during the upcoming (expected) recession has to foreclose.

Feels good to be American in a fixed rate mortgage.
>Bought an 1802 farmhouse on a 43 acre homestead with animal facilities and bodies of water in Feb.

ASHES TO ASHES
> https://youtu.be/Vx4Exjmxe-4

LOXISM
>https://youtu.be/ImyuksXix-g

THE BODY POLITIC
>https://youtu.be/o73vlzSCEAk

>>	YOUR COOL FRIEND. Tue Sep 13 14:24:06 2022 No.51410165 File: 666 KB, 200x168, 9411D905-EA42-4FAB-82C6-95521DD689DE.gif [View same] [iqdb] [saucenao] [google] >>51410140 Oh, and my down payment was thanks to hitting it big on SHIB.

>>	Anonymous Tue Sep 13 14:34:42 2022 No.51410351 >>51407953 all he has is adhom and rapid fire cope posting, this is /biz/ aka pajeet shitcoin shill central, he needs to be a little cooler in his shill approach - everyone here can smell the desperation from a mile out

>>	Anonymous Tue Sep 13 14:36:12 2022 No.51410375 >>51409315 > Back wock will buy all my bwags Up there with the fed put cope

>>	Anonymous Tue Sep 13 14:37:00 2022 No.51410386 File: 124 KB, 680x501, 9031807320832.png [View same] [iqdb] [saucenao] [google] >>51409724 (you)

>>	Anonymous Tue Sep 13 14:39:53 2022 No.51410440 >>51410140 Yes please continue to raise and crush Canadians

>>	YOUR COOL FRIEND. Tue Sep 13 14:41:15 2022 No.51410460 >>51410440 It’s my pleasure, really.

Anonymous Tue Sep 13 14:44:01 2022 No.51410519

>>51409822
>1 post by this ID
>NO THIS THREAD ISN'T VALID
>Multiple posts by this ID
>NO YOU CAN'T JUST CONTRIBUTE TO A DISCUSSION
kys retard
>>51409822
>zero reason to believe house prices will continue to rise these next few months.
I never claimed this. My posts clearly state:
>I doubt housing prices will not collapse to record lows
>Housing prices will dip and crab as rates go up while demand stays high
>the general trend for homes prices is upwards, this is a known historical fact
As for
>all this shit you just implied
Its all living in your head rent free doomer. Outside of extreme cherry picked examples you doomer retards have no idea what is goin on in the housing market. You are blinded by your salivating over a crash that won't happen. Go ahead. Shit the thread up more with your faggotry. It won't change anything.
Finally
>1 post by this ID vX/C/66+ with nothing new added to the conversation
Fuck off shit stirrer.

Anonymous Tue Sep 13 14:45:54 2022 No.51410553

>>51409822
>Interest rates rise .75% and suddenly that $280,000 monthly mortgage rises another $100 each month and Bill who just got laid off during the upcoming (expected) recession has to foreclose.
Almost forgot to address this.
*AHEM*
MOST HOME OWNERS HAVE FIXED RATE MORTGAGES YOU STUPID OUT OF TOUCH RETARDED CHILD

>>	Anonymous Tue Sep 13 14:49:08 2022 No.51410626 >>51410440 Kek canada is so beyond fucked it is sincerely just a clown show. Sit back and enjoy it

>>	Anonymous Tue Sep 13 14:52:10 2022 No.51410680 File: 42 KB, 513x600, ernest.jpg [View same] [iqdb] [saucenao] [google] Why yes, I am going to hoard gold and wait for the boomers to die off

>>	Anonymous Tue Sep 13 14:53:01 2022 No.51410701 >>51409315 >Investment corporations are going to buy high to save my investment

>>	Anonymous Tue Sep 13 14:56:59 2022 No.51410792 >>51410626 Yeah I intend to

>>	Anonymous Tue Sep 13 14:59:16 2022 No.51410841 >>51391674 you promised half off, now drop your prices or else

>>	Anonymous Tue Sep 13 15:02:39 2022 No.51410903 >>51391674 >no one can buy >prices staying high In what clown economic model do you see this as a realistic scenario?

>>	Anonymous Tue Sep 13 15:05:05 2022 No.51410947 >>51410903 >no one can buy Not true. Only wagies are priced out. Real wage earners have no problem buying right now.

>>	Anonymous Tue Sep 13 15:05:26 2022 No.51410953 >>51391674 >doesn’t factor in hiring freeze and lay offs Kys

>>	Anonymous Tue Sep 13 16:24:37 2022 No.51412457 >>51410953 >factoring something in that "might" happen that "could" have a temporary effect of "some kind" retard

>>	Anonymous Tue Sep 13 16:47:44 2022 No.51412930 >>51410553 so? if rates are high no one wil buy. heard of supply and demand, nigger

>>	Anonymous Tue Sep 13 16:51:05 2022 No.51412986 >>51396472 So when America wasn't this fiscally irresponsible nor had as much debt, plus was going through a demographic boom. Interesting.

>>	Anonymous Tue Sep 13 16:52:54 2022 No.51413017 >>51410035 >societal collapse will happen society has been collapsing for the past 2 years,

Anonymous Tue Sep 13 17:36:56 2022 No.51413795

>>51412930
>if rates are high no one will buy
>the market will come to a full stop
False. The fact that sales are still occurring as rates go up while prices remain high is the proof. The only thing that has changed the past few months is the buying frenzy has ended. The market is returning to normal. Greedy sellers are getting btfo. Reasonable sellers are still selling. In short buyers are still there. They are just more picky with the higher rates.

Anonymous Tue Sep 13 18:06:28 2022 No.51414317

I can't believe you retards still have the gall to come talk shit, months after home prices peaked.

Admit that you panicked and FOMO'd into a bubble, now you're stuck with an illiquid asset for the next few years at least. Writing lies online to convince more gullible anons to hold your bags isn't going to work.

>>	Anonymous Tue Sep 13 18:24:30 2022 No.51414654 >>51414317 Prices aren't cratering doom poster. Buyers who need homes are still buying. Sorry to hear you are priced out and bitter over it. Maybe try getting a real job that pays a living wage so you can afford a home.

>>	Anonymous Tue Sep 13 18:28:18 2022 No.51414716 File: 232 KB, 1440x1440, higherrateseffect.jpg [View same] [iqdb] [saucenao] [google] >>51414654 lower rates raise prices higher rates lower prices tards refute this

>>	Anonymous Tue Sep 13 18:30:26 2022 No.51414766 >>51412930 the iq on show in here tells me you won't be able to comprehend anything

Anonymous Tue Sep 13 18:34:03 2022 No.51414837

>>51414716
inflation drives prices up
demand keeps prices steady
a home buying frenzy has subsided
real estate markets are returning to normal
as usual poor people are still priced out of home ownership and thus forced to rent
tards refute this
>Verification not required.

>>	Anonymous Tue Sep 13 18:52:24 2022 No.51415158 >>51414837 Are you a realtor or just a fucktard who bought at the absolute peak of the obvious-bubble?

>>	Anonymous Tue Sep 13 18:52:32 2022 No.51415162 >>51414837 > have inflation > prices down due to increased cost of borrowing have cash for full value of home. not that this matters. you are a vested interest and a tard

Anonymous Tue Sep 13 19:56:49 2022 No.51416726

>>51415158
>>51415162
>single digit IQs
>incapable of non binary thinking
>blinded by seethe over being priced out
READ THESE POSTS AND WEEP RETARDS
>>51392349
>>51394600
>>51413795
>>51414837

GET IT THROUGH YOUR THICK SKULLS

A

RETURN

TO

NORMAL

WITH

A

PRICE

DIP

INTO

A

CRABBING

MARKET

IS

NOT

A

HISTORIC

MARKET

COLLAPSE

OF

BIBLICAL

PROPORTIONS

>>	Anonymous Tue Sep 13 20:14:29 2022 No.51417111 >If you haven't bought yet and are unable to buy now then you are priced out indefinitely. This is categorically incorrect. Have you never heard of Supply/Demand?

Anonymous Tue Sep 13 20:23:24 2022 No.51417290

>>51417111
>housing starts have lagged for decades
>housing starts are declining further now
>it is physically impossible for the construction industry to build fast enough for the demand even if they wanted to, which they won't because they prefer a healthy demand
>currently not enough new or existing homes for everyone that wants to buy
>millions of immigrants pouring over the border ensures the pool of persons wanting to buy is ever increasing
>there will likely never be enough homes to meet demand in our lifetimes due to these conditions
Yes I have heard of Supply/Demand. How about you? Have you ever heard of it?

>>	Anonymous Tue Sep 13 20:23:34 2022 No.51417293 >>51392217 I’m seeing it in Los Angeles.

>>	Anonymous Tue Sep 13 20:23:54 2022 No.51417298 >>51416726 >he doesn't know about the millions of housing starts that builders FOMO'd into that will have to be sold for the next 12-18 months at least

>>	Anonymous Tue Sep 13 20:25:48 2022 No.51417340 >>51417290 Housing shortage is a realtor-driven lie. Per capita housing has been steady. Get fucked.

>>	Anonymous Tue Sep 13 20:33:16 2022 No.51417512 >>51417340 >Per capita housing has been steady Its been steadily not enough homes for decades. Clearly there isn't enough to go around or there wouldn't be such a high demand.

Anonymous Tue Sep 13 20:33:29 2022 No.51417520

>>51391921
Rising rates, people getting poorer in general, inflation not going down decreasing purchasing power, and a surplus of speculative units on the market bought by flipperfags who think they're guaranteed to gain.

The fact that people think they're guaranteed to gain on the housing market is exactly why they will lose. There's money to be squeezed out of the industry, and such it will happen. Why do you think the markets tanked awfully today despite only somewhat bad news? There was too much stupid money from longs which could be taken away, and it happened as such.

>>	Anonymous Tue Sep 13 20:34:42 2022 No.51417547 >>51391674 even my practice gf is pestering me to check my zestimate now wtf

Anonymous Tue Sep 13 20:36:27 2022 No.51417583

>>51417298
>she doesn't know the handful of those houses don't mean dick all things considered
Those are barely enough to to be considered a crop in the bucket. They will mean nothing in 12-18 months when the stoppage of housing starts now slams into the market. Buy now or be ready to get into a bidding war for housing scraps later.

>>	Anonymous Tue Sep 13 20:37:46 2022 No.51417618 >>51417520 Just because poor people are suffering, the market is getting a haircut from exorbitant prices, the buying frenzy is over and some bag holders are stuck with bags doesn't mean the market will collapse kid.

>>	Anonymous Tue Sep 13 20:40:00 2022 No.51417666 >>51417583 bro when you tell /biz/raelis "BUY NOW or else" it does nothing to help your narrative. you need to be more subtle

>>	Anonymous Tue Sep 13 20:40:16 2022 No.51417674 >>51417583 >crop *drop

>>	Anonymous Tue Sep 13 20:41:32 2022 No.51417702 >>51417666 >satan's digits c-checked

>>	Anonymous Tue Sep 13 20:54:57 2022 No.51417962 >>51416726 whatever, im selling my apartment and going all in in crypto in 1,5 years at the bottom of the recession while you baghold

>>	Anonymous Tue Sep 13 20:56:36 2022 No.51417989 >>51417583 >>51417618 >52 posts by this id Take your fucking meds faggot, holy shit.

>>	Anonymous Tue Sep 13 21:36:47 2022 No.51418683 >>51412930 > if rates are high no one wil buy Look I'm sorry, ah geez I know! but I'm not selling. I know, I'm sorry but I'm just not selling is all! HAHAHAHAHAHA

>>	Anonymous Tue Sep 13 21:38:05 2022 No.51418709 File: 229 KB, 3133x2275, zillowrent.png [View same] [iqdb] [saucenao] [google] >>51414837 rents tanking

>>	Anonymous Tue Sep 13 21:39:22 2022 No.51418722 >>51417298 >millions of housing starts opinion discarded. housing starts != housing completions. If a builder cannot sell a finished house at a profit, they will scrap the project.

>>	Anonymous Tue Sep 13 21:40:59 2022 No.51418753 >>51418722 >If a builder cannot sell a finished house at a profit, they will scrap the project. is this the stupidest thing ever written on biz? you hear that guys? home builders never lose money. 2008 never happened.

Anonymous Tue Sep 13 21:47:56 2022 No.51418885
File: 32 KB, 628x354, Capture.png [View same] [iqdb] [saucenao] [google]

>>51418722
inb4 "BUT IF THEY ALREADY STARTED THEY WILL FINISH CUZ MUH"
Just hold the fuck up a second, Einstein.

A "housing start" begins when a zoning permit is issued. No ground broken. No foundations layed. No frames built. A fucking piece of paper (probably electronic nowadays) with a signature on it giving a builder permission to *start* building. A builder can have years of housing inventory planned to be built, and decide on a whim if market conditions worsen (as they have) to revoke the permit. Housing starts are not a reliable indicator of the actual deliverable housing supply. Financial conditions tighten, prospective buyers dry up, housing starts get revoked. simple as

>>	Anonymous Tue Sep 13 21:49:53 2022 No.51418922 File: 119 KB, 1092x1050, 1612744888340.png [View same] [iqdb] [saucenao] [google] >>51418753 >>51418885 >.

>>	Anonymous Tue Sep 13 21:57:06 2022 No.51419065 >>51418922 holding land has a cost and in a situation where the mkt takes years to recover it's better to cut your losses now bet you were a retard who just constantly argues prices won't go down, then they will but will rebound etc

>>	Anonymous Tue Sep 13 21:57:12 2022 No.51419069 File: 73 KB, 1163x562, oh no no no.png [View same] [iqdb] [saucenao] [google] >>51418709 >random chart >could mean anything anywhere Here is the chart you are looking for. The data is obvious. Rents are up.

>>	Anonymous Tue Sep 13 21:58:12 2022 No.51419094 >>51419069 the zillow chart is "ahead" in publishing more recent data, let's see...

>>	Anonymous Tue Sep 13 21:58:56 2022 No.51419108 >>51419065 >everyone is going to hair on fire panic sell during this dip nah

>>	Anonymous Tue Sep 13 22:00:43 2022 No.51419139 >>51391782 >mfw housing market crashes and then recession forces Uncle J to lower rates so I buy cheap house even cheaper you will lose

Anonymous Tue Sep 13 22:03:30 2022 No.51419201 [DELETED]

>>51419069
>yah but this out of context worthless chart though
Your chart is ungrounded worthless data. There is no indication of what market it is relating to or what the fuck is even going on. The fed chart is straight forward, relates to nation wide and is current through August.. Clearly rents did not crater in one month you tard. Post some real data demonstrating otherwise or get the fuck out of here.

Anonymous Tue Sep 13 22:04:30 2022 No.51419216

>>51419094
>yah but this out of context worthless chart though
Your chart is ungrounded worthless data. There is no indication of what market it is relating to or what the fuck is even going on. The fed chart is straight forward, relates to nation wide and is current through August.. Clearly rents did not crater in one month you tard. Post some real data demonstrating otherwise or get the fuck out of here.

Anonymous Tue Sep 13 22:09:04 2022 No.51419288
File: 406 KB, 635x640, 1640933977104.png [View same] [iqdb] [saucenao] [google]

>>51419065
>holding land has a cost
not the builder's problem, he just builds. land is financed by developer (i.e. real estate broker) w/ connections to bank

builder pulls his bid? no houses built. developer pulls the project? no houses built. bank revokes financing? no houses built. Yes, there is obviously a cost to any of these actions, contracts often have penalties to prevent willy-nilly back outs. Yet if the penalty cost of backing out is less than the anticipated loss of continuing, then building will come to a grinding halt.

>bet you were a retard who just constantly argues prices won't go down
I actually think prices will drop upwards of 30% from here at the worst. Rents could fall 30% as well and I would still be in positive equity and profitable on rental income. That would reverse all of the distortion from the covid stimulus and I would be completely unaffected as its squarely in my expectations, profiting all the while renties cope and seethe about mortgage rates pushing into double digit territory

>>	Anonymous Tue Sep 13 22:12:40 2022 No.51419368 File: 956 KB, 1375x773, 1655172819036.png [View same] [iqdb] [saucenao] [google] >>51419069 >rentoid seethe and cope index on an exponential trajectory you love to see it

>>	Anonymous Tue Sep 13 23:07:46 2022 No.51420257 File: 375 KB, 627x1047, 1662187003084.png [View same] [iqdb] [saucenao] [google] >>51407789 Their zoning laws are just better, so yeah they are much better at addressing demand than places that use whitelist-based nimbyism zoning practices.

Anonymous Tue Sep 13 23:08:34 2022 No.51420264
File: 59 KB, 1024x595, evicted.jpg [View same] [iqdb] [saucenao] [google]

>>51419368
Imagine being a renter.
>The median rent in the US eclipsed $2,000 per month in June
>8.5 million people are behind on their rent
>Of those, 3.8 million renters are somewhat or very likely to be evicted within the next two months.
>Nearly half of all renters experienced rent hikes in the past 12 months
>To make ends meet, 57% of renters are turning to credit cards and loans, raiding savings, selling assets, and dipping into retirement funds
https://www.zerohedge.com/personal-finance/millions-americans-face-eviction-coming-months

>>	Anonymous Tue Sep 13 23:10:11 2022 No.51420289 >>51419288 yes both rents and prices are going to tank, and that's before factoring in what might happen this winter with energy prices

>>	Anonymous Tue Sep 13 23:11:11 2022 No.51420302 >>51419288 would love double digit, can buy outright already, appreciate landlords holding the bag while I choose.

>>	Anonymous Tue Sep 13 23:13:27 2022 No.51420334 File: 948 KB, 1036x947, Kisaragi phone.png [View same] [iqdb] [saucenao] [google] >>51398913 >tfw feel the same way about Florida in general this place is too precious for me to just up and leave, this is my homeland

>>	Anonymous Tue Sep 13 23:14:09 2022 No.51420343 >>51420302 >bragging about paying someone else's home mortgage, interest, maintenance, taxes and fees so they can build equity faster

Anonymous Tue Sep 13 23:15:32 2022 No.51420365
File: 495 KB, 960x720, laughing salesman.png [View same] [iqdb] [saucenao] [google]

>>51420264
shit like this is why I will never fucking rent ever
Renting on the long term is just asking for financial ruin unless you are the landlord collecting rent. I can understand renting for half the year or something to find a place to live after moving

>>	Anonymous Tue Sep 13 23:29:01 2022 No.51420544 >>51420343 this is a stupid thing to say, buying one home makes sense since we live in a rentier infested society where sadly they don't get the rope

>>	Anonymous Tue Sep 13 23:32:09 2022 No.51420589 >>51420257 I wish just one US state or even a county would adopt a system like this. Even just to see what impact it would have. I guarantee it would be a major improvement.

>>	Anonymous Tue Sep 13 23:36:34 2022 No.51420658 >>51420589 land value tax is the ultimate improvement but the usa isn't about improvement, it's about appropriation

>>	Anonymous Tue Sep 13 23:39:35 2022 No.51420690 File: 20 KB, 191x217, 1654100025994.jpg [View same] [iqdb] [saucenao] [google] >>51420658 Based Georgist What a world it could be...

>>	Anonymous Tue Sep 13 23:40:34 2022 No.51420706 >>51399020 https://www.cdc.gov/nchs/data/hestat/marriage_rate_2018/marriage_rate_2018.htm who are buying homes with 2 incomes if no one is getting married?

>>	Anonymous Tue Sep 13 23:41:02 2022 No.51420714 >>51420544 >seething rentoid is seething Don't forget to tip your landlord on the 1st rentoid.

>>	Anonymous Tue Sep 13 23:42:28 2022 No.51420737 >>51420714 https://supernuclear.substack.com/p/why-you-should-tip-your-landlord

>>	Anonymous Tue Sep 13 23:42:39 2022 No.51420741 >>51392057 >nobody ever published a bullshit press release to prevent a panic it's like you think everybody is a retard

Anonymous Tue Sep 13 23:44:10 2022 No.51420763

Unless your home is a historical site that is made of stone or something, I don't get why normal wood homes that are 60 years old can sell for >$500k. 60 years of bug ecosystem building up in your walls. There are hundreds of generations of spiders, roaches, etc. living in your walls. Disgusting. Makes me understand why the Japanese tear down and rebuild homes every 30-40 years. Imagine you pay half a mil for your 'dream home' and a crack opens in the wall and a billion cockroaches spill out. Completely possible in America. Can't imagine buying an old wood house.

Anonymous Tue Sep 13 23:44:25 2022 No.51420766

>>51420706
>no one is getting married. i know this because uh... BECAUSE I JUST KNOW IT
What is with you binary thinking retards? People get married every day all day long. Just because you can't get laid doesn't mean the whole world is just sitting around by themselves in dark room seething into a computer monitor.

>>	Anonymous Tue Sep 13 23:46:00 2022 No.51420794 >>51420257 >>51420589 >>51420658 >hyper competent micromanaging is much reduced in japanese planning you mean less jobs!? are you crazy!? the housing market isn't hollow, the whole damn system is a fucking circus tent.

>>	Anonymous Tue Sep 13 23:46:01 2022 No.51420798 >>51420763 >this fantasy i have to help me cope with being a renter You don't know the first thing about houses kid.

Anonymous Tue Sep 13 23:46:53 2022 No.51420809
File: 33 KB, 480x712, 1662926098492057.jpg [View same] [iqdb] [saucenao] [google]

>>51402359
>It actually is different this time. Causes are different, situation is different, ect
Spotted the top buyer. Housing is the biggest ponzi alive on the planet currently. Amerishart cardboard houses are about to be metaphorically as well as physically blown the fuck out

>>	Anonymous Tue Sep 13 23:48:11 2022 No.51420829 >>51420763 because it has zero to do with supply and demand like your instincts and common sense would have you believe. don't worry, you're not crazy.

>>	Anonymous Tue Sep 13 23:49:40 2022 No.51420850 >>51392171 ironic, my zestimate went up today

>>	Anonymous Tue Sep 13 23:50:03 2022 No.51420855 >>51417290 >He fell for the low supply meme

>>	Anonymous Tue Sep 13 23:50:56 2022 No.51420867 >>51420809 I'd ask for proof on this statement but I already know you have none. Several anons posted similar nonsense up thread. No proof was ever given to back up the claims. Enjoy your fantasy.

Anonymous Tue Sep 13 23:51:42 2022 No.51420876

>>51420798
I own a home and it's a new build. It's fresh and I'm the first person to live in it. When I was in college I rented old wooden buildings and saw firsthand the disgusting ecosystems that build up inside the walls. Whatever though, if you wanna pay big bucks for a half century old home that's your choice. I just don't understand why new builds aren't triple the price of old homes, mine was barely 1.3x more than comparable sized ancient builds nearby.

>>	Anonymous Tue Sep 13 23:51:57 2022 No.51420880 >>51420855 >She doesn't know anything about the current market supply of homes for sale >She thinks in terms of memes instead

>>	Anonymous Tue Sep 13 23:54:04 2022 No.51420915 >>51420876 Your silly stories are nonsense. No doubt you are lying. You probably still live in your parent's basement.

Anonymous Tue Sep 13 23:54:43 2022 No.51420928

Imagine a society where a whole system was put in place to make clothing ridiculously expensive.
Even a worn-down rag would cost multiple years of salary to own, with strict laws in place to make sure no one can sew new clothing without a permit.
This is what we've done to real estate.

Anonymous Tue Sep 13 23:56:49 2022 No.51420965
File: 780 KB, 899x879, 1662075314220309.png [View same] [iqdb] [saucenao] [google]

Keep making these threads 2020+ buying sisters. We need to keep the shilling high, because the stupid fucking money printers are slowing down. Hit 4chan, Twitter, discord, etc... to convince people to buy! WHY IS IT SLOWING DOWN?!?

The weimar never happened... theyre just anti Semitic historical fake narratives... r..right guys?

>>	Anonymous Tue Sep 13 23:58:11 2022 No.51420994 >>51420880 reasons people buy homes in order of importance: 1. investment would be ashame if someone came up with an easier way for you retards to store your money.

>>	Anonymous Tue Sep 13 23:58:18 2022 No.51420997 >>51420915 >63 posts by this ID are you okay bro? Go check the price of new builds for yourself, I'm not your mommy. I know what I got and I'm happy with it. You don't sound so secure, though.

>>	Anonymous Tue Sep 13 23:59:00 2022 No.51421008 >>51420997 be nice. these are the type of people that jump out of windows because they drank the kool-aid

Anonymous Wed Sep 14 00:01:17 2022 No.51421039

>>51407401
you may have been able to argue that if inflation was 3%, but even an online bank account currently yields 2% and will soon exceed the rate pretty much any home-owning American refinanced at

$10k forgiveness in student loans doesn't come close to the boon mortgage holders have been and will continue to receive

>>	Anonymous Wed Sep 14 00:04:57 2022 No.51421092 >>51420714 he's spent more in repairs on this place int the last 12 months than he'll get in rent in a decade. he bought without a survey at the top.

>>	Anonymous Wed Sep 14 00:07:17 2022 No.51421122 >>51420763 both the people who replied to you are stupid, the cost is in the location value. two identical duplexes. one in the middle of nowhere, one in the middle of a major city. difference in price? huge. same building, different locations.

>>	Anonymous Wed Sep 14 00:08:20 2022 No.51421133 >>51420809 and right before the boomers have to sell up for 10 minutes medical care > but the immigrants massive lurch to the right, end of globalization > but the boomers fuck the boomers > but blackrock where was the fed put today?

>>	Anonymous Wed Sep 14 00:09:47 2022 No.51421160 File: 236 KB, 3133x2275, subprime.png [View same] [iqdb] [saucenao] [google] >>51420965 zillow rent leads the official stats by 6 months

Anonymous Wed Sep 14 00:12:11 2022 No.51421190

>>51420867
>proof
Open the NASDAQ and see all the proof you need. The laws of inertia with legacy markets means that there is still quite a ways down to go. Global conflict, debt, hyperinflation, etc... there is nothing to suggest that consumer markets want to point up. What happens when consumer markets die off? Unemployment. What happens with unemployment? Foreclosures, sell offs, bankruptcies.

Looking at housing prices without context or nuance of the markets around us is extremely myopic. You're waiting to see the hurricane, when the rest of us are listening to the rustling of leaves and the smell of dampness in the air that comes before a storm.

>>	Anonymous Wed Sep 14 00:12:38 2022 No.51421194 File: 29 KB, 612x219, Screenshot 2022-09-13 at 20-11-58 Alf (@MacroAlf).png [View same] [iqdb] [saucenao] [google] >>51421190 don't fight the fed

>>	Anonymous Wed Sep 14 00:19:18 2022 No.51421270 >>51421194 The only way to irreversibly crash real estate prices would be to hand out building permits like candy. The fed won't and can't do this. Anything they'll do will be a temporary "fix".

Anonymous Wed Sep 14 00:23:49 2022 No.51421331

>>51421270
First they can't. The current issue with housing is not on the supply side. It is the demand side. The number of 2nd homes and investment.
https://www.washingtonpost.com/business/2020/12/10/second-home-market-surges/
Why are people buying 2nd homes. Debt is cheap... was cheap. If the FED keeps raising rates they will prevent boomers from buying 2nd homes to use as AirBnBs.

>>	Anonymous Wed Sep 14 00:30:50 2022 No.51421431 >>51421270 > irreversibly would be nice but nobody is claiming this actually the best way to do this would be land value tax.

Anonymous Wed Sep 14 00:37:16 2022 No.51421543

>>51420997
>NOOOOOO YOU CAN'T JUST PARTICIPATE IN A DISCUSSION YOU STARTED YOU HAVE TO 1 POST BY THIS ID I MEAN UH... NOOOOOOOO YOU CAN'T DO THAT EITHER JUST STOP POSTING OK
stfu kid
>the price of new builds
I know right where they are kid. They hit all time highs recently and are cooling off. They aren't dropping to epic low prices. A small % off a massive gain the past few years doesn't mean shit. If it did all you priced out poorfags would be making threads about buying them. You aren't though because you are still
PRICED
OUT

>>	Anonymous Wed Sep 14 00:38:48 2022 No.51421559 >>51421008 >implying And nothing of value was added to the conversation that was noteworthy besides proof priced out rentoids are still mad.

>>	Anonymous Wed Sep 14 00:40:02 2022 No.51421573 >>51421092 Where do you delusional children come up with these fantasies?

>>	Anonymous Wed Sep 14 00:41:41 2022 No.51421597 >>51421190 >this red line go down therefore every thing is going to crash because uh... BECAUSE I SAID SO THAT'S WHY Impressive argument you have there.

>>	Anonymous Wed Sep 14 00:44:10 2022 No.51421634 >>51421573 it's reality, as sure as you are disgustingly overweight

>>	Anonymous Wed Sep 14 00:52:16 2022 No.51421734 >>51420880 You are retarded but I'll give you a hint. As the crash progresses, the supply of houses will continue to rise.

>>	Anonymous Wed Sep 14 00:53:22 2022 No.51421749 >>51421634 >this fantasy I have about you Are you ok anon? You seem seriously delusional. Did you forget to take your meds today?

Anonymous Wed Sep 14 00:56:46 2022 No.51421787

>>51421734
>housing inventory has been at a record low for years now
>some relief is finally coming as the buying frenzy ends and housing inventory returns to normal
Good. A return to normal is a good thing. Doesn't mean prices will collapse though as you imply. Get ready for the crab market. Its coming.

Anonymous Wed Sep 14 00:57:53 2022 No.51421802
File: 34 KB, 868x394, Screenshot 2022-09-13 at 20-54-55 Historical 5-Year Fixed Mortgage Rates in Canada.png [View same] [iqdb] [saucenao] [google]

>>51421749
Canada five year term, 20% renewing this year
ps you are an absolutely pathetic person, and overweight

>>	Anonymous Wed Sep 14 01:00:03 2022 No.51421843 >>51421802 >in my third world country No one cares leaf. This thread concerns the American real estate market. >seething and insults continue yawn

Anonymous Wed Sep 14 01:02:07 2022 No.51421872

>>51421787
>Believes in something as retarded as "normal" housing inventory
You expose your retardation again. Your concept of the inventory in question is as childish as I though it was, and this you missed my point. The next few years are going to be quite painful for you. I am sorry.

>>	Anonymous Wed Sep 14 01:04:05 2022 No.51421898 >>51421122 >the only thing that determines a properties price is its location financial advice

>>	Anonymous Wed Sep 14 01:05:08 2022 No.51421916 >>51421872 >I am sorry that's more like it. these retards need our compassion more than ever.

>>	Anonymous Wed Sep 14 01:06:19 2022 No.51421930 >>51421872 >my fantasy continues I hope you are collecting rent from these fantasies living in your head.

>>	Anonymous Wed Sep 14 01:08:32 2022 No.51421973 >>51421916 Does this cope posting help you get by living with the fact you allowed yourself to be priced out? It must be tough making that monthly rent payment knowing someone else is building equity from your labor. Your life must be so sad desu.

>>	Anonymous Wed Sep 14 01:08:54 2022 No.51421983 >>51421898 identical properties

>>	Anonymous Wed Sep 14 01:10:35 2022 No.51422011 >>51421983 they aren't identical if they aren't in the same location. sorry for my autism.

>>	Anonymous Wed Sep 14 01:11:46 2022 No.51422031 >>51421973 wasn't even born before i was priced out which really should trouble you if you're invested in property.

>>	Anonymous Wed Sep 14 01:13:39 2022 No.51422052 >>51422011 sorry didn't realise you were a tard, on your way son, no harm

>>	Anonymous Wed Sep 14 01:14:51 2022 No.51422070 >>51422031 My life is good. Nothing troubles me you pathetic seething poorfag. Christ just get a decent job and move up in life. Your screeching about your sorry lot in life is sad. You can work hard and do better if you choose to.

>>	Anonymous Wed Sep 14 01:20:48 2022 No.51422165 >>51422070 reveal yourself /r9k/fag

>>	Anonymous Wed Sep 14 01:30:40 2022 No.51422296 >73 post by this ID this stupid nigga bought at the peak

Anonymous Wed Sep 14 01:42:51 2022 No.51422489
File: 92 KB, 620x411, ShippingBoxes.jpg [View same] [iqdb] [saucenao] [google]

Every housing thread I've ever read on biz has included the following:
>foreigners don't realize that homeowners in the US have forever fixed rates. The rate NEVER changes.
For Americans, believe it or not in third world countries like Egypt and Canada you can't even get a fixed rate. Doesn't exist.

Anonymous Wed Sep 14 01:53:39 2022 No.51422634

>>51422296
>NOOOOOOOOOOOOOOO YOU CAN'T POST A THREAD AND TAKE PART IN THE ACTIVE DISCUSSION WITHOUT FULFILLING THIS FANTASY LIVING RENT FREE IN MY HEAD
Sorry to hear you are priced out anon. Better luck next time I guess. If there is a next time for you anyway.
>Verification not required.

>>	Anonymous Wed Sep 14 01:55:09 2022 No.51422653 >>51422489 Why do citizens of the country allow this? Is it due to complacency? or because the country's money is so volatile banks are afraid of its value five years later?

Anonymous Wed Sep 14 01:59:40 2022 No.51422724

>>51422653
the USA only has 30 year mortgages b/c your "libertarian" paradise has fannie/freddie which is basically the state holding all the risk.
your banks create the risk, pocket the profit then the taxpayer holds the risk. this makes mortgage rates artificially low which means borrowing for real estate is higher than it should be, inflating assets.

Anonymous Wed Sep 14 02:00:40 2022 No.51422736

>>51422724
ultimately the USA can do this b/c their liabilities are in their own ccy, Canada and the rest have to be a bit more circumspect because they can't say "pay up or I'll shoot you in the face". As you can probably see by the USA going to shit, that's not the only cost.

>>	Anonymous Wed Sep 14 02:02:09 2022 No.51422758 >>51422489 rentoids don't know why fannie and freddie exist

>>	Anonymous Wed Sep 14 02:05:32 2022 No.51422795 >>51422758 it exists to hold risk the banks should hold, in the USA corporations and the rich dominate their serfs

>>	Anonymous Wed Sep 14 02:42:19 2022 No.51423242 >>51395014 keep your peaceful place a secret fren. I do the same for my state.

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