/biz/ - Business & Finance

[Anonymous No.51421757]

>high prices
>high rates
No way this is sustainable.

[Anonymous No.51421764]

>>51421757

Housing market to the moon anon.

[Anonymous No.51421776]

>>51421757
don't be fooled by the listing prices. those mf's aint selling kid

[Anonymous No.51421839]

>>51421757
oh canada

[Anonymous No.51421856]

>>51421839
way out over their skis

[Anonymous No.51421870]

>>51421856
rents already collapsing as inflation bites and credit cards are maxed out
wages = rent + energy + food
energy + food up globally
solve the equation for me.

[Anonymous No.51421897]

>>51421757
Just because poor people are priced out doesn't mean real wage earners are too.

[Anonymous No.51421924]

Thought I was lucky to get this shithole for 180k 2.5 years ago. Should have sold it for 250k when I had the chance but whatever. It only cost me 6k down and it was cheaper than rent... In the end, I guess this is my lot.

[Anonymous No.51422007]

>>51421897
landlords are rentiers, not workers

[Anonymous No.51422008]

>>51421924
Sounds like a great deal you got. Post your low interest rate to make rentoids seethe.

[Anonymous No.51422032]

>>51422007
>wagie seething over the real working class
Whatever helps you cope and get by rentoid.

[Anonymous No.51422061]

>>51421757
Isn’t it weird how a corporation called Blackrock is buying the fuck out of all these houses and paying well above market value in order to keep the price up? So weird.

[Anonymous No.51422068]

>>51422032
> disagrees with adam smith
a fat biz tard or the father of economics? I wonder...

[Anonymous No.51422084]

>>51422007
This is true. Try saying no to the yearly government “property tax” rent and see how much of “your” property you truly own.

[Anonymous No.51422085]

>>51422068
Whatever
Helps
You
Cope
Sweatie

[Anonymous No.51422109]

>>51422061
Oh hope the fed raise rates to over 20% and fucks blackrock good.

[Anonymous No.51422112]

>>51422085
weak reply vs citing the father of economics
not well read, just fat.

[Anonymous No.51422320]

>>51422008
3.25% I abuse these people with late payments so badly, they would have long since kicked me out if I was a renter. Heres the extra fun part. 1000sqft 2 bed 2 bath, living room has a vaulted ceiling. Have both bedrooms rented out and that pays the mortgage. All I pay is the 200$ HOA. This thing is just a straight equity pump. Granted I will never EVER be able to bring a girl back here, but id get dropped for being a rentoid just the same.

[Anonymous No.51422329]

>>51421757
>not sustainable
>t. poorfag
people are still buying. just not you (because you are broke)
sucks to suck!

[Anonymous No.51422351]

>>51421757
Trust me, real estate cucks are feeling the burn. Get ready for the giga crash. Probably this year or next year max.

[Anonymous No.51422366]

>>51422329
The rates will catch up to the people who got baited into pandemic property.

[Anonymous No.51422384]

>>51421757
It's going to be ok I fucked jpow last week he owes us one staceybros

[Anonymous No.51422395]

>green stacy thread
>red stacy thread
>Housing market so secure, securest security that ever secured. All priced in. Perfectly natural sellers & buyers interaction with minimal bank involvement kappa
>AHHHH Whyyyy myyyy zesssti go downnnnn

someone needs to make a documentary about peak delusional disinformation in 2022

[Anonymous No.51422453]

>>51422320
Aurora Colorado. 5 min walk to transit for my IT tech job. Dont even have a car, not sure id want one in this neighborhood anyway. If the housing market fails though my job might too because its in the same sector. Although they tell me even a great depression wouldent make me lose my job. Thats really why I'm here, they just handed it to me with a 50% pay bump from what I was doing previously and deep down I know its gotta be too good to be true, mane. Ehole thing felt like out of the 50's where you just give the boss a firm handshake. This was my 3rd time applying for this job here. They said prev employees were internally promoted... Just feels too good to be true.

[Anonymous No.51422457]

>>51421856
Canada is such a liberal faggot shithole I can’t wait to see it self destruct. Too bad they’ll probably run here
t. New Englander

[Anonymous No.51422474]

> just make a 300k downpayment bros, it's that easy

[Anonymous No.51422500]

>>51422457
The United States is an even bigger shithole. Nobody will be fleeing there.

[Anonymous No.51422517]

>>51422320
>willingly letting some random aurora heroin addict rentoid enter your domicile to pay your bills
Enjoy getting stabbed in your sleep anon

[Anonymous No.51422552]

>>51422320
Dude I’ve fucked girls in my car, their college dorm, random motels, and even friends houses when I still lived at home.
Imagine thinking you can’t get laid when you have your own place either it’s rented or not. They’re not trying to marry you, retard

[Anonymous No.51422559]

>>51422351

not in my area. Its still going to the moon anon. Housing market to the moon.

[Anonymous No.51422561]

>>51422552
Whether* not either

[Anonymous No.51422564]

just rent it out

[Anonymous No.51422573]

>>51422500
Shouldn’t you be getting your 200th booster and registering on your digital passport?

[Anonymous No.51422580]

>>51421856
This is even funnier when I tell you that Canadian wages have stagnated for years, even moreso than in the US. Also check their fed bank balance sheet compared to GDP. Those cucks get what they deserve from here.

[Anonymous No.51422614]

>>51421856
Australia is probably close to Canada desu.

[Anonymous No.51422678]

>>51422614
yeah Australia is also retarded.
Every place with a bad housing problem is a former UK colony, because the UK is the rentier HQ. That's why it's about to blow up first.

[Anonymous No.51422725]

>>51422564
Incase anyone was wondering, the most recent rent price listed is a 5.8% cap rate and doesn’t include taxes, maintenance, or vacancy costs. It’s not looking good bruv

[Anonymous No.51422750]

>>51422725
incorporating maintenance costs into your budget is for faggots, it's only going up above wages every year until the heat death of the universe

[Anonymous No.51422881]

>>51422320
2.75% bought for 700k, house is 1m now

[Anonymous No.51422939]

>>51422564
>Asking $6,500 / month for a 3.2k square foot house

Damn, where is this? Just a few years ago in Louisiana we were renting a 4k square foot house for 2k a month.

[Anonymous No.51422981]

>>51422517
Renters are a prev. co-worker I've known for 3+ years and someone I consider to be a good friend, second is my little brother. Sneed.
>>51422552
>I would stick my litteral dick in anything but a long term investment. Double sneed.

[Anonymous No.51422995]

>>51422007
good job falling for the bait, newfag

[Anonymous No.51423010]

>>51422981
It was interesting when I first tried to fill the space. But hell if I was going to do it with someone I couldent trust. They pay 600 and 500/mo, its actually a really good deal for them on purpose because it is a very close space and they are good people.

[Anonymous No.51423020]

>>51422939
las vegas. its over priced and the landlord overpaid. it the same youtuber that lost all his BTC and ETH he had stored on voyager. Andrehi Jihk

[Anonymous No.51423039]

>>51422995
you could say that about anything on this cesspit, including your post. it's endless, the only constancy is poorly educated mutts.

[Anonymous No.51423046]

>>51421856
>tfw live in Canada

[Anonymous No.51423057]

>>51422981
>rentraping your own brother
Say no more anon, I think we understand your background

[Anonymous No.51423058]

>>51423046
yeah not great but in quebec at least and the shit is about to hit the fan, prices already dropping as the last in first out begins

[Anonymous No.51423060]

>>51423020
>1.3mil for a 3k square foot house
>vegas
meaning it's in some shitty suburb with a tiny fucking backyard. What a fucking joke.

Las Vegas is a terrible place to live too, I was looking at a job out there and they were desperate to get me to come interview there but I turned them down because fuck living there. 90% of the housing is shitty suburbs with houses smacked right up against each other.

[Anonymous No.51423080]

>>51423060
a tiny backyard that is 2 days and a stuck sprinkler from being a wasteland

[Anonymous No.51423106]

>>51421856
Had no idea that Germany saw housing prices go down when everyone else was blowing up, crazy, based Merkel

[Anonymous No.51423131]

>>51422559
Can't tell if satire or genuinely delusional

[Anonymous No.51423132]

>>51423057
As hilarious as it sounds, he actually DID have the money to make a down payment and get an even nicer place than me at one point. I am such a specific case you surely wouldent believe how much I begged him not to eat through 100k (he got that from legal medical payout from a bad reaction to over the counter medicine that almost killed him) rather than get a job. He rode GME too, which I still have a few k in bags for myself still actually. Im sure my story would be incredibly difficult to believe desu senpai.

[Anonymous No.51423202]

>>51422981
>the best investment i could come up with is a 2bedroom apartment that I can’t even take girls back to
Lol

[Anonymous No.51423266]

>>51421757
this shit is honestly soul crushing, i grew up in a town that everyone thinks its a white trash dump and you can't even sniff anything under 300k anymore. you can't even opt out of being a careerist faggot and just live somewhere cheap and work part-time. i honestly dont know what to do, i make six figures and i moved back in with my parents 4 months ago - there are no moves that make sense anymore it feels like

[Anonymous No.51423367]

>>51423266
>i honestly dont know what to do, i make six figures and i moved back in with my parents 4 months ago
I feel this. Where I live after living with my parents for 2 years saving up money, the down payment that I'd need to be 20% down has gone up significantly. I don't want to do the "wrong thing" and move out because then I'd be wasting even more money and saving even less but it's killing me living here it's like my life hasn't started but it's definitely ticking forward without me.

[Anonymous No.51423426]

>>51423202
Yeah, should have bought crypto bags like all my co-workers. It would be double lol if the market actually would tank, I'd give you that. But really, look deep into your heart. Do you honestly think things are going to get better for the average person in the 1st world? I've lived nothing but shit my entire adult life, and with this new job I could actually see myself selling this place next year and upgrading to somthing more respectable. Even if it drops a bit, I could still move on up. Its hope I guess. If its all taken away from me and I file for bankruptcy, then I'm back to still having a shit situation like everybody else.

[Anonymous No.51423459]

>>51423367
yep, my feelings as well - felt smart for a month or two but now i just feel like a fucking loser

[Anonymous No.51423486]

>>51421757
Mortagecucks dont own shit

Im currently selling my apartment (that i own) and am gonna rent for the next 2 years while i buy the biggest dip in the last 20 years

Mortagecucks are literal midwits with 9-5s and i pity them because theyre too scared to cancel their 20 year loan for their overpriced shitbox

[Anonymous No.51423898]

>>51422453
>Aurora Colorado
Buddy, you are already blacked.

[Anonymous No.51424222]

>>51421757
It's when you're here from the start, or when you have too much money to waste
idk, I can barely support myself with cheap shit I find with dextools, we are going through hard times OP

[Anonymous No.51424353]

>>51423058
Same in my area in BC. I hope this is just the beginning

[Anonymous No.51424368]

>>51423898
Unless he's in the Korean part they run a tight ship over there and have bomb food

[Anonymous No.51425531]

>>51422366
Rates don't change on fixed rate mortgages.