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/biz/ - Business & Finance

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File: 36 KB, 626x364, Screenshot 2023-05-21 at 5.10.36 PM.png [View same] [iqdb] [saucenao] [google]
55044311 No.55044311 [Reply] [Original]

Ok so when is the housing market ACTUALLY going to crash.

I keep waiting for a crash /biz/ is predicting and I could have made 100K if I bought when I first thought about it last year.

>> No.55044432

Long term it isn't. Short term it will crash a bit.

>> No.55044445

>>55044311
never. boomers never lose. get used to it and get off my lawn.

>> No.55044568

https://fred.stlouisfed.org/series/MSPNHSUS

already crashing

>> No.55044616

it's probably not going to look like a crash OP
only in a sparse/low-demand areas will it actually drop in price number wise
but your house will stay at current value, maybe even increase a little, while inflation strips the value of that number relative to other goods
it WILL crash in number if they don't increase wages though
no way around that
immigration can't solve because you can't let 10,000 wagable migrants in without allowing 100,000 neet migrants
this means you are paying taxes giving it to them to pay the rent you charge them
do you understand>?

>> No.55044623

>>55044616
>but your house will stay at current value,
current price*
you will bleed the value though is my main point

>> No.55045789
File: 146 KB, 1229x719, home prices.png [View same] [iqdb] [saucenao] [google]
55045789

>>55044311
We had the "crash".

It was minimal because people's financial situation didn't change (no mass unemployment) and they have an incentive NOT to sell (half price interest rates).

This creates low inventory which is what is keeping prices up. We're going to sit at these prices until the Fed fucks off and lowers the rates, then we'll be back to the 2011-2021 craziness.

>> No.55046998

>>55044311

It's going to crash in exactly...

... in precisely...

... effectively...

... in...

... two weeks

>> No.55048746

>>55044311
>>55044616
mortgages not real estate is the real bubble. wage growth is so low and inflation is yet still high. homes that people have a mortgage on are going to tank, the world will divide into people who own their home outright (either by rich parents or some other factors like crypto) and those who are wagecucking their home with their mortgage prison becoming the new working poor. needless to say the greatest achievement you can get in this life now is to owning your own home (in a nice area ofc) if you plan on having children. if you dont then just get an apartment like chads and immigrants do and live in that

>> No.55049362
File: 606 KB, 593x580, 1665323993322303.png [View same] [iqdb] [saucenao] [google]
55049362

just two more weeks

>> No.55049409

>>55044311
why do you think banks bought all the houses. it's an inflation hedge for the years to come, the only real asset everybody needs and that generates income

>> No.55049424

>>55048746
this is not going to happen unless mass layoffs happen
wage stagnation does not affect the american mortgage market simply because rates on mortgages are fixed for the lifetime of the loan