/biz/ - Business & Finance

[Anonymous No.51503653]

>-$9,758 in the last 30 days

[Anonymous No.51503777]

Shit hit the fan bros

[Anonymous No.51503902]

>>51503653
Thats what you get for investing into housing niggerfaggot. Prices will fall if they rise faster then inflation. Housing should be for people to live in, not for demons to invest in at the expense of general population. You deserve all the housing bubble bursts you get and more.

[Anonymous No.51503939]

GOD NO, MY AIR BNB RETIREMENT FUND!

[Anonymous No.51504042]

>>51503653
Nothing ever happens

[Anonymous No.51504166]

>>51503653
My hope and optimism, gone

[Anonymous No.51504276]

>>51503653
Honey, what do you mean our Zestimate is down? We just did the kitchen, that should add at least 20k to the value!

[Anonymous No.51504508]

>>51503653
>t.

[Anonymous No.51504514]

>>51503653
-60,000 last thirty days
Zillow sisters what happened?!

[Anonymous No.51504576]

>>51503653
i bought a condo in a resort area of Florida and the fucking thing just keeps going up. people around here buy in cash, so mortgage rates dont mean shit

[Anonymous No.51504625]

[Anonymous No.51504684]

I bought my house 3.5 years ago fo 270K.
It peaked at 580K.

I am now "down" to only 540K
Even if the value of my house was cut in half, I am still up vs any rentiod because I am not pissing away money every month.

But the thing is we will never half from here, absolute worst case my house would hit 350k and that is a bear delusion.

To everyone in this thread: im sorry you were not able to buy earlier, but you are delusional if you think the market will do anything greater than a 30% correction in most markets.

[Anonymous No.51504726]

>>51504684
Houses dropped 70% in the 2008 crash in places like Ireland, and this time around looks much worse.

If you don't think house prices can rug then you are in for a big shock.

[Anonymous No.51504749]

>>51504726
bro its a new paradigm. A falling market would be bad for buyers and sellers

[Anonymous No.51504768]

>>51504726
the absolute worst crash in 2008 was 50% in florida, in most places it was around 20%
https://money.cnn.com/2009/02/12/real_estate/Latest_median_prices/

I dont really know or care what goes on in europoor land but for americans even a 50% crash from here is delusional.

[Anonymous No.51504983]

>>51504684
I'm glad you will at least admit we will have a correction.

[Anonymous No.51505061]

>>51504684
house niggers will 2x their investment by total luck and still be the saltiest people in every thread

[Anonymous No.51505075]

>>51503653
> +$5,400 in the last 30 days

[Anonymous No.51505098]

>>51505061
>saltiness people in every thread
Well, not THIS thread... that title belongs to.... YOU

[Anonymous No.51505205]

>>51504983
Of course we will have a correction, that is how markets work. But all of the rentiods in these threads, and its EVERY thread that think they are gonna be "scooping up cheap houses in a few months/years" are genuinely retarded, things WILL get cheaper but we will NEVER see pre 2016 prices again, NEVER. not even for a day.

Yes, in places where things have done 1000% in the last 4-5 years there may be massive corrections, but the majority of the US housing market is not like that, and buyers will be incredibly lucky to see even 30% discounts.

[Anonymous No.51505299]

>$215k for whatever this is
https://www.zillow.com/homedetails/215-E-Isabella-St-Salisbury-MD-21801/208479176_zpid/

[Anonymous No.51505351]

>>51505205
this.
Phoenix, Boise, and Austin have seen 50% YoY increases for 2 straight years, they will have a sharp correction but nowhere near enough to mimic prices before the recent surge. most markets that had an average YoY increase the last 2 years (which is typically just under 20%) may see a 20% correction, but that still puts them up compared to 2019-2020.
What most rentoids don't realize is the US economy was in a mild depression from 2008-2018 and prices simply didn't recover in real dollars. we get a decent presidents policies in place so the colony takes off, prices begin to recover quickly, then a once in a century black swan event causes massive relocation out of matro metros and into smaller metros / suburbs which cause the market to then go to where it is now, which, if historic price increases were seen from 2008-2018, would be about where they should be.
BUT, rates have risen, and affordability has gone down.
So an anon who bought a 500k home at 2.5% is no worse off than that anon that bought that same home at 290k at 7%. Monthly payment for either is 1900.
Difference is, one had a few years of equity, the other doesn't. So if that 500k home dropped to 450k, which can be expected in most markets during the correction we will see, they might only be two years away from breaking even again, assuming prices won't start increasing again.
>tl;Dr fuck jannies, seethe rentioids

[Anonymous No.51505399]

>>51505351
you can refinance your mortgage but you can't rebuy your 500k house for 290k

[Anonymous No.51505493]

>>51504576
based Florida condo bro

[Anonymous No.51505502]

>>51505399
This. Wait till actual prices drop and rates are high, grab a cheapie, then wait till rates drop and refi.
Oldest trick in the book wtf are people freaking out about.
Everyone who’s scared about never owning should be saving for this starting 2 years ago.

[Anonymous No.51505576]

>>51504684
Single home cap rate hovers at 5% before expenses, 6 month treasuries are at 3.69% (compared to 0.05% last year).

What do you think will happen when real estate investors realize they can get the same return holding guaranteed government bonds as they can maintaining and renting a property. Do you think they will all just hold? What about the institutional actors with binding fiduciary responsibility, who are obligated to seek the best return they can for the least risk, do you think they will risk their client's money and potential jail time holding housing bags when bonds pay out better? This time around it goes so much beyond simple affordability metrics and rising mortgage rates pushing people underwater. This time around we are going to have FORCED INSTITUTIONAL SELLERS. You guys have no fucking idea how bad it's about to get.

[Anonymous No.51505637]

>>51503653
>Chads warm dick in my vagina

[Anonymous No.51505662]

-$11,000 past 30 days
-$7500 past 7 days

Home ownership chances DESTROYED.

[Anonymous No.51505731]

>>51505576
>Single home cap rate hovers at 5%
thats really high, in leafland its below 3%
i tried to convince by boomer parents to dump their rental property since November 2021 but they said
>real estate only goes up
even though their cap rate was literally sub 3%
650k house that rents for 2k/month

[Anonymous No.51505920]

Nothing personal kid.

[Anonymous No.51506045]

>>51504684
These threads are designed to take you for a ride, and you houseniggers bite every time like absolute fucking retards. Every fucking time there's some reddit spacing blob of "I'M STILL UP!" text. Why are housefags such insecure faggots

[Anonymous No.51506139]

>>51505075
how do we stop her bros...

[Anonymous No.51506174]

>>51506139
>her
that's a man

[Anonymous No.51506181]

Shit's gonna get mess for RE as rates rise.
The huge gap up over the past 2 years has to fill, the 50% rise in value over that time was an illusion. Anyone who bought this year got fucked, hard. As rates rise, values will crater.

[Anonymous No.51506190]

>>51504166
>posts pure blood valerian queen

[Anonymous No.51506228]

I have been here for 4 years and I've never seen this much grown up real estate posting. This has to be a market signal. I figured there would be some kind of pregnantobamasonic12cumrocket inu in response to eth merge but I am seeing zillow posting. Wtf bros.

[Anonymous No.51506271]

are these housing discussions exclusively referring to single-family homes? And what percentage of these people are living in coastal metros? I live in a major midwestern metro (three guesses which) where the housing market is significantly more conservative, not pooomping the way other markets have but also not poised to face as-steep a decline when the pendulum swings. But still, I work in property management. And the amount of people who have, this year, declared that they would prefer to end management with us because they're selling the unit, then end up renewing their tenants' leases because the unit failed to sell, is certainly indicative of SOMETHING. The bottom hasn't fallen out but something's going on here.

[Anonymous No.51507078]

[Anonymous No.51508035]

>>51505351
Capping this to mock you later.

[Anonymous No.51508132]

>>51505731
>>51507078

THANK YOU for this amazing insight.

>this is going to be a bloodbath

I am no longer depressed about being priced out forever

[Anonymous No.51508445]

>>51503777
Checked.

[Anonymous No.51508638]

>>51507078
Not only that, mayority of retards use 30 year mortgage, they're literally slaves to the banks. They need their house to appreciate at least double the percentage of the interest yearly just to break even. Buying a house with a mortgage is retarded and only works for a small percentage of buyers after insurance, taxes, repairs and interest rates.

[Anonymous No.51508710]

>>51508445
God’s not real, faggot.
You gotta let go of the two thousand year cope.