/biz/ - Business & Finance

[Anonymous No.53904885]

The housing market is already cutting house prices in half.

If you didn't sell your house by now, then it's over for you.

[Anonymous No.53904912]

>>53904885
I dont own a house

[Anonymous No.53904929]

I bought mine in 2020 at a 2.8% rate, I’m fine

[Anonymous No.53904933]

>he didnt sell the top because of muh interest rate
oh no no no nono

[Anonymous No.53904942]

>rentoid cope thread no. 819
How about you show us the national housing price statistics. Oh wait, they've barely budged even though we're barreling toward recession.

[Anonymous No.53904948]

>>53904942
house baggie cope

[Anonymous No.53905084]

>>53904948

See
>>53904929

[Anonymous No.53905100]

>>53904929

> paying off a 500k mortgage for something worth 250k
> sees nothing wrong with it

true biz way, never change

[Anonymous No.53905844]

>>53904929
Bought in 2018. Refinanced in 2021. Some morons are renting it out for double my mortgage payment.

[Anonymous No.53905856]

KEEEEEK
This is the house I shit on when it was posted a week or two ago. So glad to see this boomer fucker get destroyed. He’s gonna kill himself

>>/biz/thread/S53770501

[Anonymous No.53906017]

>>53904885
>>53905856
they’ve decided to offer the lots separately, not really reducing the price

[Anonymous No.53906028]

>>53905100
Let me guess. You pay another man to live in one of his houses?

[Anonymous No.53906042]

>>53904885
>Kansas
no one cares about kansas. in markets that actually matter, prices haven't dropped, they've only stopped climbing as fast

[Anonymous No.53906074]

It's a limited resource with huge demand. Every third world monkey dreams about moving to US. And new properties aren't built or are built in a luxury segment.
This is a small drop after decades of non stop pump. It will go up soon enough, next year or end of this one.

Why are people making these threads? Is it to make people believe that everything is alright and that the housing markets world wide are inflated and being bought up by the rich corporations?

[Anonymous No.53906080]

>>53904929
Lol the mortgage rates in my shithole are starting at 11% yearly. On top of being super overpriced for the region.

[Anonymous No.53906093]

>>53904885
Prices haven't dropped in anywhere that matters

Until prices drop in, say, Florida, by more than half, as in, houses currently listed for $1m going back to $500k (where they rightfully belong), then nothing has changed or happened.

I personally don't see anything happening but idk maybe there's more investors over leveraged than I'm thinking

[Anonymous No.53906113]

>>53904942
I sold and rented from September to now and the rental I'm staying in has dropped in value 20% further than my full rent payment so far. The house I sold dropped 50k too, lol. Imagine thinking housing was a good forever hold when the boomer die off is accelerating.

[Anonymous No.53906114]

>>53904885
>Jackson st
>Topeka, KS
I'll give you $2

[Anonymous No.53906135]

>>53904885
That doesn't matter, it's Topeka KS you fucking clown.
Houses near me had price increases still in Jan and Feb, after going up an average of 225% in the last 2.5 years.

[Anonymous No.53906266]

>>53904885
My tenant pays all of the bills though and I live for free. Should I panic sell anyways like a /biz/ shit token tard?
Pls advices

[Anonymous No.53906691]

>>53904885
If I sell my house where am I gonna live?

[Anonymous No.53906753]

>>53904885
Why do these housing market threads only feature houses situated in Liberal Hellscape, Nigger-infested jungle and Bumfuck nowhere

[Anonymous No.53906771]

>>53904948
>structure you can live inside for decades if not centuries and modify however you want that is temporarily worth less than you paid == shitcoins that will never ever pump let alone return to ATH

[Anonymous No.53906780]

>>53906753
cause how else could they cherry pick to argue in their favour?

my city is still going UP despite rate hikes, because other interstate faggots keep moving here

[Anonymous No.53906782]

>>53904885
1pbtid

[Anonymous No.53906814]

That's right faggots, stay out we're full

[Anonymous No.53906821]

>>53904885
The housing market has never actually crashed and never will. 2008 was only a crisis for investors because their precious investments dipped, and here we are 15 years later where the market has only gotten worse for the consumer. The fact that this house goes for $150k in bumfuck Kansas should tell you everything you need to know. In any livable place you can expect to require the cashflow of a millionaire to EVER own your home. Our children are FUCKED.

[Anonymous No.53906905]

>>53906093
Floridabros, will this actually happen? There are literally houses that sold for $300k in 2019 now selling for $900k near me. I need this fucker to burn to the ground.

[Anonymous No.53906924]

>>53906093
>NOOOOOO but then how will we cope with being poors and thirdies and can't afford property? We can't be happy unless you're miserable, I posted a picture of some shit hole where no one wants to live, housing crash nao!

[Anonymous No.53906939]

>>53906074
They do this to make them feel better about not buying a house 6 years ago. That's how they try to cope with the fact that a house is too expensive for them now.

[Anonymous No.53907002]

>>53904885
Americans astound me. Why would anybody buy a rural wooden hut that doubled in price over 2 years? You all deserve financial ruin

[Anonymous No.53907010]

>>53904885
kek I remember this house being posted a week ago

[Anonymous No.53907142]

>>53904885
I hope it all goes to shit and houses go to values lower than 2018 so these idiots who got mortgages from COVID and 2021 get fucked

[Anonymous No.53907158]

>>53904948
> le baggie le cope le seethe le dilate le ngmi
npc retard

[Anonymous No.53907419]

>>53906028
Let me guess you live in your mom's basement

[Anonymous No.53907433]

>>53904929
dude, I sold mine literally 2 months before covid.
I regularly look at the comps and see how I would have made 100 to 120k instead of the 9k I made.
The house was on the market for a YEAR too.
I didn't see what was happening though when cash investors started rolling in nearly daily.

[Anonymous No.53907441]

>>53905100
>2020
the first half had low prices and interest rates

[Anonymous No.53907736]

Why do people always talk about "loanrates" and "mortgages" when it comes to houses? Why don't people just save up enough money to buy a home outright?

[Anonymous No.53907749]

renter cope thread
homes purchased 2015-2020 by people here were paid for with bitcoin
locked in at sub-3% rates -- or simply paid off entirely, like mine
then their prices doubled
then they fell a few %
therefore i restate: the thread is a thread of pure cope, no self-respecting bizraeli has anything to say about this. they are simply waiting for the next opportunity. only salty renters are posting right now. only salty renters will be posting then, too.

[Anonymous No.53907804]

>>53907736
because its quite literally fucking impossible... majority of people dont live in the bumblescum places that are posted by the housing weirdos.

>>53904885
bumblescum

[Anonymous No.53907808]

>>53907736
The median home price is 428k, and average savings are 5k

[Anonymous No.53907877]

>>53907736
>dude just save 300k minimum whilst also paying 50~80% of your paycheck on rent

[Anonymous No.53907889]

>>53907736

Financialization. Before the mortgage meta, houses were a lot cheaper, and you could save up to buy/build one, but it took a good bit of time, and it was limiting. Mortgages are a shortcut. Started off simply enough but with time and inevitability caused serious price inflation due to the sudden access to all of this imaginary capital and resultant imaginary demand.

[Anonymous No.53907938]

>>53907804
If most people can't buy something they need without borrowing a huge amount of money, isn't that thing overpriced?
Taking out loans always seemed to me like a really irresponsible thing to do - spending money you don't have. But people tell me its smart?

[Anonymous No.53907949]

>>53907938
im not going to sit here and explain housing to you. are you 12?

[Anonymous No.53907966]

>>53904948
you will never own a home,you have no property, you will never be a free man, your ancestors are ashamed of you, your parents hope you will finally leave them alone but there is no turning back, you will die as a rentslave and on your tombstone there will be a sign "rentslave noXXXXX rests here"

BigBlackRock will buy it all up whether it's up or down

[Anonymous No.53907968]

We need more fentanyl to accelerate the depopulation to free up housing.

[Anonymous No.53907983]

>>53907949
No, I mean, I get why investors take out loans to buy housing to resell at a higher price.
But I guess I never understood why Joe Shmoe would. If you want to live in a house permanently, I dont get why you'd take out a big loan and pay it off forever

[Anonymous No.53908004]

>>53907983

Because you have to. The entire industry is built around that now, prices have inflated. It's like asking why more college students aren't paying for college out of pocket, same conundrum. Easy financing was introduced to make it more accessible, at first, and had the ironic effect of causing artificial, skyrocketing price inflation of everything associated with it. A new price floor, making financing a necessity rather than an option.

[Anonymous No.53908007]

>>53904885
Im good, i locked in my gains with a low interest cash out refinance.

[Anonymous No.53908085]

>>53906821
Population has grown on an exponential curve until just the last decade, where it wavered. In the next ten years population will trend sideways and the wealth of boomers will have been spent by their wasteful genx kids.
The last two years have been a period of malinvestment in real estate, producing more housing than is actually needed, citing an increase in demand, which was really just speculators pulling property out of the market. The macroeconomics don't support housing growth, and the market is starting to face that reality.

[Anonymous No.53908102]

>>53906080
Who buys the properties?

[Anonymous No.53908129]

>>53904942
>Oh wait, they've barely budged even though we're barreling toward recession.
because literally nobody is buying lol

[Anonymous No.53908211]

>>53908102
Is like to know. I submitted my mortgage application and quickly found out I would not be buying anything more expensive than a Walmart tent.

[Anonymous No.53908266]

>>53904885
Bought my home in 2016. 3 bedroom for 164k 2.8% interest. I can still sell it for 335k+
"If you didn't sell it's over"
>laughs in California housing market

[Anonymous No.53908994]

>>53907968
Competition for home buying isn't white meth heads but cash investors. When I bought in 2017 there was still fear from the now non existant 7 year cycle. There was worry you were buying right before an overdue recession and then the 2021 explosion happened. People who bought then weren't timing anything as things in the market were quietly chugging along. My house was a good price because it was a decent commute to the tech centers. WFH made that a non issue.

The market is creeping back due to the housing market always being strong in spring and people who can't wait another year hoping to time the bottom. Might dip hard again in late summer. Only rent fags and over leveraged investors are seething. Nobody locked in with a fixed rate mortgage cares.

[Anonymous No.53910013]

>>53904885
>Doesn’t know first rule of real estate…
Location…Location…Location…

[Anonymous No.53910070]

>>53904885
>one listing mistakenly fat fingered
>listing is corrected
>LOL SEE HOUSE PRICES ARE FALLING LIKE A TRANNY'S MANGLE DICK IT'S ALL OVER FOR HOOMERS LMAO

[Anonymous No.53910383]

>>53906017
Not many people can buy 4 houses all at once. He is going after a very small part of the market. Why would he ever pigeonhole himself like that?

[Anonymous No.53910435]

>>53904885
topkeka, now i can go around buying them up and renting them out to wagies.

[Anonymous No.53911354]

>>53910070
>I-I-IT WAS J-JUST A FAT FINGER BRO
>IM NOT COPING YOURE COPING

[Anonymous No.53911373]

>>53908994
>The market is creeping back due to the housing market always being strong in spring
spring is the time of most home sales, dummy

[Anonymous No.53911398]

>>53904885
lol, no, it's still as high as evar. Fucking retard

[Anonymous No.53911441]

>>53905084
>>53906771
>>53907158
>>53907966
i wouldn't be getting this much seethe if you were super confident in house prices not collapsing soon

[Anonymous No.53912167]

>>53904885
won't it be over for the people who bought as well?

[Anonymous No.53912796]

boomer here who owns 7 properties in Phoenix Arizona.

Fed will do emergency rate cuts soon and prices will skyrocket once more. You think they will allow a housing crash? Most people have 0 savings and their entire retirement relies on their home value. There will be uprisings if there is a housing crash. I won't fucking stay complacent

[Anonymous No.53912823]

>>53912796
lol good
bring on hyperinflation, that's just as good as a housing crash imo