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/biz/ - Business & Finance

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51641207 No.51641207 [Reply] [Original]

There are still tons of people buying up houses with leverage and renting them out in my area. What the hell is going on?

>> No.51641346

Still too many people that don't want to be homeless, not enough supply of housing. The price of housing doesn't matter. you vill pay 10 million for a house or you vill be homeless

>> No.51642195

>>51641207
>still tons of people buying up houses with leverage and renting them out in my area
Still??? and with leverage???
mortgage on non-owner occupied is higher than a owner occupied. People are still FOMOing about rental property?!? Can we just have a small war with Russia and kill off a third of the population already.

>> No.51642215

>>51641207
someone has to buy the top

>> No.51642274

>>51641207
Why not and people are not spending their money so others will get it some other way it's a game

>> No.51642304

>>51641207
aspirational boomers don't realize the game is over because they've been insulated from the real world for the last decade

>> No.51642400

>>51641207
The real estate market is extremely illiquid and downturns take for fucking ever to play out. 2008 took 2-3 years to play out AFTER 2008. I think market bottom for housing was in 2011-2012.

See you in 2025.

>> No.51642419

>>51641207
Money is a helluva drug.

>> No.51642483

>>51642400
This...
The FED has called out housing and plans on keeping pushing rates higher for longer. The US doesn't have a housing problem it has a investment problem and inflation problem. Too much money chasing to few homes. Luckily most of those investment is in the form of a loans. Guess what happens when loans become very expensive....

>> No.51642510

There's tons of money sloshing around the system still. As it turns out we shouldn't have fallen for the basedjaks spamming
>DONT FIGHT THE FED
Housing market may not even crash either because of this. Will taper off but desu I don't expect any correction remotely as awful as 2008 which was only like 30 percent. Sorry zoom zoom but you will live in the pod

>> No.51642560

>>51641346
This

>> No.51642862

>>51642400
A bottom in 2025 would be perfect for me, I’m just starting to make big boy money and could actually afford something nice

>> No.51643002
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51643002

if it's bought cash with money from waging then it's not a bubble that can be pop, people will just hodl or in this case levi
to make it a bubble, leverage is required so that they can hike the interest of the leverage loan so they all default then the price get a spring effect of getting smacked down to the crater, a crash
you should thank all these leverage retards, they're sacrificing themselves so you can buy cheap in cash after the bubble completely burst

>> No.51643081

>>51642400

So crypto from undervalued to overvalued?

Housing market from overvalued to undervalued?

>> No.51643103

>>51642215
But they told me housing market goes up forever.
There no top. Just goes up forever.

>> No.51643234

>>51642510
>There's tons of money sloshing around the system still
I do agree but there are still massive investment corporations that have massive debt obligations. The number of people who have enough money in the bank to buy a house is not small. But open up zillow and look at how many houses are on the market. What percentage of those houses can be bought up in cash? Once we consider other factors like flippers underwater. Tech-bros turned real estate bros using gag loans getting fucked. Perfect example is Opendoor losing money on 46% of the homes they bought. We are not fully in this housing downturn.
The people with money in the bank will get away like bandits in the next 3~4 years. They will only be a small player. They ones who do well will be make real estate investing courses in 5~7 years from now.
The next 6 months will be ugly as in very few transactions as the sellers come to terms with the massive change in the market.

>> No.51643568

>>51643002
>you should thank all these leverage retards, they're sacrificing themselves so you can buy cheap in cash after the bubble completely burst
But the created the bubble that set millions of people's plans back years as they wait for homes to crash back down to reality.

>> No.51643695

>>51641207
Jewry

>> No.51643728
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51643728

>>51643568
it's to test your patience and principle, will you cower for the fear of never owning a house thus signing a pledge of death joining the army of satan or you wait and believe in your conviction until the bubble burst
>housing will never goes down
anything, ANYTHING that is funded by loan is a bubble
and karma will take care of them since they will lose everything anyway

>> No.51644508

>>51643728
who do you think you impress with 13K watches seriously?

100% sure you are not white

>> No.51644510

>>51642862
Same. Are we gonna make it?

>> No.51644537
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51644537

>>51644508
sneed

>> No.51644582

>>51642862
>>51644510
Same bros. Our generation needs a win. LFG.

>> No.51644592

>>51644537
I think they look nice. I would never waste any money on one until I have billion dollars in the bank. But they look nice.

>> No.51644899

>>51641207
Yeah something doesnt add up. My suspicions is it is the typical normie behavior of just these recent years where rather than just not buying something you can't afford they will instead take out a loan/use credit cards to buy something they can't afford. I mean come on look at all these mega corps raising their prices over "inflation" and somehow still hitting new record setting profits. Yeah it's the typical normie who MUST have the newest and latest products regardless if they still have a function 6 month old product.

>> No.51644931

>>51642510
I win either way, you crash this market and I get rich or you keep the nonsense up and my home will make me rich enough to retire in some rural location.

>> No.51645091
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51645091

>>51641207
bill gates

>> No.51645384
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51645384

>>51644582
Our generation's one and only financial win was crypto, if you missed that boat you will be eating ze bugs and living in ze pod.

>> No.51645427

>>51642400
This
T. Vegasfag who lived through it and shit didn't start getting better until 2015

>> No.51645622

>>51641207
6% rates are still historically low and rental market is hot.

>> No.51645667

>>51645622
FED is going to keep rising rates until prices come down to earth.