/biz/ - Business & Finance

[Anonymous No.52270120]

>housing only goes up
>buy now or be priced out forever
hey retard, how's being $75k underwater treating you?

[Anonymous No.52270127]

>>52270120

Doing fine with a low fixed rate payment. The price will go up eventually anyways unlike your buttcoins.

[Anonymous No.52270130]

>>52270120
As the last of the boomers die off over the next 20yrs, housing will become a depreciating asset like cars. People don't realize this because housing has gone up for as long as anyone's been alive.

[Anonymous No.52270138]

The homecels in 2021 fomo posting was insanity

[Anonymous No.52270141]

>>52270130
>NO NO NO NO NO!!!!
>YOU'RE WRONG!!!!!
>BLACK ROCK IS GOING TO BUY UP ALL $40 TRILLION OF HOUSING AND RENT IT OUT FOR $10,000 A MONTH!!!!!
>YOU'LL HAVE NO CHOICE BUT TO PAY $10,000 A MONTH RENT!!!!!!!!!!

[Anonymous No.52270154]

>>52270120
what else is there that is classified as a commodity and can be borrowed against?
right, btc

[Anonymous No.52270197]

>>52270138
It’s been replaced by transparent realtor, developer, boomer, flipper, airbnb, mortgage lender damage control. There is no bull case for re.

[Anonymous No.52270228]

>>52270130
this is the most midwit take I have ever seen
>boomers dying off will make housing a depreciating asset
>when there are 6 gorrilion immigrants flooding in every year
>when corporations are buying up entire neighborhoods to rent to the forever middle / lower class

[Anonymous No.52270246]

>>52270120
> Bwackstone
> Immigwation
> Bwoomers
Prices are set by available credit
Higher rates restrict credit
Ergo prices fall

[Anonymous No.52270254]

>>52270197
institutionalized FOMO was the top indicator for anyone with more than 3 functioning brain cells. first zillow losing close to $1 billion with its niggerbrained buy & flip scams, and then, much more recently, opendoor losing about as much money on buy & flip.

[Anonymous No.52270281]

Anyone remember the fomo posting here in 2021?

People saying how from now on because of covid, that house prices would now forever go up 20-30% per year, and that it was the new normal for house prices, and that if you didnt buy now, you'd be locked out of the market forever, and they said it was impossible the rates would rise because the US gov wouldn't be able to service the debt if they raised rates, so therefore house prices will forever now go up 20-30% a year and if you dont buy now you'll be forced to rent forever

Are any of those posters still around today? Id love to hear from you now.... when will you come back here and apologize and acknowledge how wrong you were?

[Anonymous No.52270317]

>>52270281
>LOCKED IN MY RATES AT 2.98%
>SHOULD BE WORTH ABOUT *checks calculations* $1 MILLION BY THE TIME I FINISH PAYING HER OFF
>RENT KEKS ETERNALLY BTFO

[Anonymous No.52270322]

>>52270281
There’s been tons of them here bragging about their 3.5% rates on a 50% overpriced home they’ve closed on over the past 18 months.
There’s also the cope they keep posting about not caring if their home loses value because they can still live in their house.

[Anonymous No.52270392]

>>52270281
those were not real people. Those were bag holders

[Anonymous No.52270423]

>>52270120
Bought at 2.7, 550k, worth 850k, was over 1.2k millon pandemic. rent out 3 rooms at 1500/month airbnb and live in master.

I'm comfy as fuck anon.

[Anonymous No.52270428]

There are STILL realty shills writing opinion pieces about how home values will increase by 3% YoY

[Anonymous No.52270444]

>>52270120
>hey retard, how's being $75k underwater treating you
Nice head cannon, enjoy your 10% rate

[Anonymous No.52270447]

>>52270130
Im short term bearish on real estate and this is one of the dumbest fakes I’ve ever heard

[Anonymous No.52270474]

>>52270281
Tbqh the real estate top was so much more obvious than the crypto top

[Anonymous No.52270493]

>>52270444
hey retard, rates can be refinanced. the principal balance of your loan cannot.

[Anonymous No.52270509]

zestimate's still not down, rentoids

[Anonymous No.52270529]

>>52270428
>There are STILL realty shills writing opinion pieces about how home values will increase by 3% YoY
they will go up that much if the millions required to reach 1 billion people by 2100 are imported

[Anonymous No.52270553]

>>52270509
i'm guessing you live in a midwestern flyover shithole that is perpetually 20 years behind the rest of the country. don't worry, the price of your plywood box will drop.

[Anonymous No.52270578]

>>52270529
i can't even fathom this level of cope.

[Anonymous No.52270721]

>>52270120
Pretty good, how's your property doing?

[Anonymous No.52270746]

>>52270721
>$235k
ask me how i know you live in some frozen midwestern shithole. see also >>52270553
>muh no heckin niggerinos

[Anonymous No.52270830]

>>52270746
Why would I want to live with Californians?

[Anonymous No.52270871]

>MY HOUSE TRIPLED IN VALUE IN FIVE MONTHS

[Anonymous No.52270927]

My plan is just to buy a house with an adjustable rate mortgage when I think yields have topped

[Anonymous No.52270943]

>>52270721
>(((zestimate)))

[Anonymous No.52270974]

>>52270197
I'm fucking erect.

[Anonymous No.52271025]

>>52270746
>Open any housing thread
>There is some seething rentie replying to every post
>As the thread goes on he outs himself as an urban faggot who thinks he's entitled to a single family home in LA or some other shit hole
Every time

[Anonymous No.52271026]

>>52270943
You'll forgive me for not having a screenshot of my appraisal or mortgage paperwork. Again, how is your property doing?

[Anonymous No.52271226]

>>52271025
your heckin baste white children will leave your flyover shithole to ride BBC in the city the second they turn 18.

[Anonymous No.52271239]

>>52270322
>There’s also the cope they keep posting about not caring if their home loses value because they can still live in their house.
this is all well and good until western society turns into Detroit and is no longer a desirable place to live. it will be a long slow process but this is what's happening and homeowners will wake up every day thinking "surely things will start to get better from now on" but they just won't and the brutal, depressing decline will continue. but yes, at least you will have a home in the wasteland kek

[Anonymous No.52271327]

>tfw inherited grandparents house

[Anonymous No.52271486]

If home prices fall, doesn’t that mean the materials it takes to build a house will need to fall as well? Because it’ll never be cheaper to build a house than to buy an existing shitbox, right?

[Anonymous No.52271506]

>>52271486

Nope. Sometimes renovating the shitbox is more expensive, price to value. Blueprints for new homes are fairly copy paste and it's a routine procedure whereas every old house has its unique challenges. Depends on how far you're going with the reno though, superficial shit can be cost worthy, which is why flippers exist slapping flooring and paint and granite on every other shitbox.

[Anonymous No.52271517]

>>52270228
I would call you a midwit but you are actually just retarded. So according to you hoomers, everyone who didn't buy is priced out, but a bunch of spics making minimum wage are going to buy? And lol lmao I don't know how you didn't get the memo but corporations stopped buying houses months ago. So open door won't save you either, sorry.

[Anonymous No.52271555]

>>52270423
>Rents out three of his bedrooms to niggers and roasties
>3/4ths of his house unusable
>has to wait to use the kitchen like a cuck
>basically living in a one bedroom apartment at this point
>comfy
Please be bait.

[Anonymous No.52271572]

>>52271555
the thought of renting out a """$850k"""" home to tourists is so ludicrously retarded that i didn't even bother responding.

[Anonymous No.52271612]

>>52270228
>paco the day laborer will buy my $500k 600sqft cuckshed!!

[Anonymous No.52271634]

>>52271555
Mortgage is 2400/month.
I'm totally separate from them in a split level house. Two kitchens, 3 bathrooms.
No blacks or roasties, it's hcol tech area. Blacks can't get in, or employed, mostly asians and some whites.
It's a boring as fuck area, but it's near downtown (20-30 mins by car), but car is required so no public bus access, uber is okay of course and I do provide parking.
$1500/month,x 3 = $4500 revenue
most of the time not home because I can non rev free flights (currently in jpland)
use taskrabit for people to come clean and turn over house.

I didn't over leverage, I'm paying double mortgage if I want basically - with a great cushion.

have fun paying rent again, make sure it's early :)

[Anonymous No.52271676]

>>52270281
Prices will never fall! Buyers that locked in low rates with just bag hold forevACK

[Anonymous No.52271713]

>>52271634
>hcol tech area
no one tell him

[Anonymous No.52271760]

>>52271634
>There not niggers and I even have my own kitchen!
>I also let unknown niggers over to clean my counters
>I'm. It even home that much so it's whatever
>Haha rents due lmao XD
You have managed to combine the worst aspects of home ownership and apartment living. Holy shit dude I actually feel bad. Almost no one deserves to live like that.

[Anonymous No.52271780]

>>52271486
Most of the value of a house is land, empty lots go for 50% or more of houses in the same area

[Anonymous No.52271810]

>>52271760
yeah, there really are no black people in the area - it's PNW and super in suburbs. The people doing the cleaning are whites or asians, and so are most of the guests with a dash of indians which I don't care.

Mock it all you want, I have a place to live when I want, I have zero liability, I can pay off the loan instantly due to my liquidity and I can sell it for a profit even today. :) get back to work wagie.

[Anonymous No.52271832]

>>52271810
>PNW
>He dances under the sword of Damocles
Ok I don't feel as bad for you now.

[Anonymous No.52271849]

>>52270120
Bought in 2021, house is worth at least 75k more now. 2.625% fixed rate. Cope.

[Anonymous No.52271900]

>>52271849
wrong. it won't sell for $75k more. it'll sit on the market for months. that's the whole point, retard.

[Anonymous No.52271903]

>>52271832
>sword of Damocles
The fuck anon? Speak English. Maybe if you grew up in a good neighborhood you'd wouldn't speak in tongues.

Feel bad, you're the one paying rent, wagie :) Oh yeah, it's 25,000 sqft lot, 2700 sq ft house. I could even split the lot a few times (county minimum is 5000 sq ft, but 7-9000 is better) and build some basic stick frame and sell them for 650-800k+ (2-3 homes max) now or do a town home project for 450-500 (4-6 homes) each and peace out for good.

:)

[Anonymous No.52271907]

>>52270130
>land will become a deprecating asset
Anon I...

[Anonymous No.52271916]

>>52270423
Sounds like a hassle honestly

[Anonymous No.52271922]

>>52270141
>>52270120
Good morning rentoid. Rent and tip are due :)

[Anonymous No.52271961]

>>52271849
What you going to do with that whopping 75k?

[Anonymous No.52272005]

works on my machine

[Anonymous No.52272014]

>>52270130
controversial yet true

[Anonymous No.52272032]

>>52271900

> Be me
> Search for homes sold in the past month that meet the criteria of my house
> Cheapest home within 30 mins sold for 195k more than I bought mine for
> Mfw

[Anonymous No.52272052]

>>52271961
I'm not selling faggot. How much is in your bank account?

[Anonymous No.52272131]

>>52271903
I kek'd, nice bait. the copious use of smiley faces should've been a good giveaway you were screwing around.

[Anonymous No.52272190]

>>52271486
Production builders are slowing but customs are just as busy as ever so yes. Materials are getting cheaper.

[Anonymous No.52272422]

>>52271327
Good move Anon. There's nothing that disgusts me more than morgies referring to themselves as
>"home"
>"owners"

[Anonymous No.52272456]

>>52271506
>Sometimes renovating the shitbox is more expensive, price to value.
Yes.
Intact it can be more difficult to renovate than it can be to just build the fucker from scratch because at least that way you're not trying to patchwork your way through the building working around 3 million prior 'fixes'

If you're using precast concrete panels for the structural work, you can potentially get that done in as little as a weekend.

[Anonymous No.52272461]

>>52272422
>just 359 more consecutive monthly payments and this decaying plywood box will be ALL MINE

[Anonymous No.52272467]

>>52270423
>rent out 3 rooms at 1500/month airbnb and live in master.
So you’re poor? You’re renting out 3/4 of your house to niggers for a couple hundred bucks

[Anonymous No.52272492]

>>52270830
Because my house is unironically 5x your shitty little tornado alley trailer

[Anonymous No.52272523]

>>52272456
>tilt up panels for a sfh
Retard

[Anonymous No.52272547]

>>52271517
>So according to you hoomers, everyone who didn't buy is priced out, but a bunch of [redacted] making minimum wage are going to buy?
It's quite remarkable how much money the supposedly poor migrants have; e.g. I was asking a newsagent how much it costs to set one up and he'd apparently sent about £60k to some guy in Indonesia to buy the stock etc

[Anonymous No.52272653]

>>52271903
Gad dammit fucking got me. In my defence reality has been stranger than fiction for a while now.

[Anonymous No.52272739]

>>52270228
>the housing market will be saved by
>checks notes... line cooks
It's impressive how both of you can be wrong despite arguing opposite each other.

[Anonymous No.52272874]

>>52271900
not in Central TX

[Anonymous No.52273430]

>>52271239
It's not even that serious. If the home value goes down enough, the bank comes calling for collateral, right? So people lose houses that way, it isn't even a matter of society necessarily having to collapse.

[Anonymous No.52273484]

>>52272052
I’m sitting on physical gold and TSLA my friend.

I’m going to be alright.

Also I have enough income to rent anywhere whenever and wherever I please.

[Anonymous No.52273559]

>>52270281
I wasn't one of those posters but I believe I'll never see housing prices decrease again in my lifetime.
Too much inflation for that to happen.

[Anonymous No.52273610]

>>52270120
>hey retard, how's being $75k underwater treating you?
Like $260 a month for my own home.

[Anonymous No.52273617]

>>52272461
https://youtu.be/gH0Y1umUne0

[Anonymous No.52273799]

>>52273484
>I’m sitting on physical gold
How do you know its not full of chocolate inside? Genuine question, also why not silver, since all gold mines are centralized, excluding jewellery which doesn't remove it from the supply its has minimum use in industry, while silver is actually was.ted away . and is a better barter currency.

>>52273484
>TSLA
lmao, litter pys op scam. Made profits by pumping and dumping bitcorn.

[Anonymous No.52273866]

>>52270120
Despite prices being down 20%, it's still more expensive to buy now because interest is 2x as high.

[Anonymous No.52273903]

>>52271612
Yes with 40 of his family members

[Anonymous No.52273988]

The crypto bull run will start before housing has bottomed so there is going to be a lot of opportunity for anons to realize profits and buy a house if they feel like it.

[Anonymous No.52274333]

>>52273988
owning a home is a lifestyle decision. only way that it's a better financial decision than investing in an index is if you rent out rooms or buy a duplex. then you have to deal with that.

[Anonymous No.52274350]

H-How did you know my exact zestimate decrease you fucking CHUD?

[Anonymous No.52274425]

>>52270423
dude living with roomates is the opposite of comfy

[Anonymous No.52274533]

>>52270120
oh no i'm underwat... oh wait, I don't care because half my mortgage is paid by a tenant. I'm literally spending less on housing then when I rented. If/when I decide to move out I'll be earning 1k extra after mortgage costs per month profit. It's a slow moving equity builder. That being said, not everyone is as lucky as me and yes just randomely buying for the sake of owning a home is not necessarily a wise investment.

[Anonymous No.52274616]

>>52271634
lol based land chad, they won't understand but I kek'd

[Anonymous No.52274632]

>>52273799
I buy from pretty official billion exchanges.

I own silver too.

WRT TSLA see you at 4K by 2030