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/biz/ - Business & Finance

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52242574 No.52242574 [Reply] [Original]

Get fucked!

>> No.52242594

>>52242574
Oh no no no flipper sisters.

>> No.52242644

Nothing of value was lost.

>> No.52242646

Rest in piss flipper jews

>> No.52242673

I painted and put new carpet and got the cheapest kitchen cabinets at Home Depot. That's worth at least $110,000!

>> No.52242688

flipping houses is not a career, buying houses and renting them en mass instead of people buying them for half the price you bought them up for is not a career either

>> No.52242714

ngl I'm considering flipping. Interest rates increasing are squeezing cheap housing while deflating more expensive housing. My 700sqft condo these last three years has gone from $260k to $340k to $400k. Meanwhile nearby 1000sqft townhouses have gone from $400k to $550k to $475k. I have a feeling once mortgages are back to around 4%, my condo is going back to $350k or so and those townhouses to $600k.

>> No.52242715

>HOW CAN THIS BE HAPPENING? HOME PRICES ONLY GO UP.

>> No.52242720
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52242720

>>52242574
Flipper is getting fucked!

>> No.52242725

>>52242714
>he thinks mortgage rates will go back down

>> No.52242728

>>52242725
Why wouldn't they?

>> No.52242769

>>52242728
Because we have a decade of high inflation ahead us?

>> No.52242786

>>52242769
Inflation is being driven primarily by oil

>> No.52242798

there's no chance that significant number of houses were purchased by prospective flippers, right? The situation is contained?

>> No.52242835

>>52242786
No. Tax receipts are 3 trillion, debt is 30 trillion. Only way out is for the government to massively devalue the currency. Inflation is here to stay obviously.

>> No.52242838

>>52242835
>debt is inflationary

>> No.52242860
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52242860

Just my luck. America closes as soon as I get here.

>> No.52242870

>>52242838
They monetize the debt so of course it is inflationary. See argentina

>> No.52242946

>>52242574
the only lower form of life than a landlord is a flipper

>> No.52242947

>>52242860
You have more opportunity of a quality life in an actual third world country at this point.

>> No.52243014

>>52242947
Best decision I ever made was leaving the US for Vietnam. I make basically the same hourly wage but everything is 1/10 the price outside if electronics and a few other goods.

>> No.52243039

>>52243014
>I make basically the same hourly wage
How?

>> No.52243043

>>52242946
The majority of homebuyers aren't willing to renovate a house that hasn't been updated since the 70's.

>> No.52243056

>>52243039
Come to think of it I make more. I was working retail in the us making like 16 an hour and here I teach English and make around 21

>> No.52243069
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52243069

>>52242574
>OMG THE HECKIN’ ZERO HEDGE

>> No.52243070

>>52243043
but.. they live in the house.. rather than in the car or in a tent like they do now

>> No.52243096

>>52243070
Then they can buy an outdated house. Flippers aren't stopping them.

>> No.52243099

>>52243043
>aren't willing to renovate a house that hasn't been updated since the 70's
Fine then just live in it don't speculate on its value.

>> No.52243315

>>52243043
It's not that hard to paint walls and replace fixtures nigger

>> No.52243335

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
NOT MY HECKIN
Z E S T I M A T E
E
S
T
I
M
A
T
E

>> No.52243349

>>52242714
>Condos and townhouses recovering as quickly as houses
Never
>Rates going back to 4%
Have fun paying 7% for 5 years as sticker prices and demand languish

>> No.52243361

>>52242798
ZERO

>> No.52243672

>>52242574
Anyone who tries to profit from something someone NEEDS gets what they deserve

>> No.52243681
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52243681

>tfw you mortgaged at the bottom