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/biz/ - Business & Finance

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55564688 No.55564688 [Reply] [Original]

Why are housing prices still going up while the money supply is going down and mortgage rates are at 15 year highs?

>> No.55564691

Immigrants fit 17 families into a 2 bedroom apartment anon. This is your competition.

>> No.55564702

>>55564688
it's mostly rich boomers shuffling houses around i guess

>> No.55564707

>>55564688
>houses drop 15% yoy
>stock market up 15% yoy

>> No.55564845
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55564845

>>55564691
>this time it's different

>> No.55564866

>>55564688
Boomers continue to dump their entire life savings into their houses and there are still a lot of housepoor retards. Think of the NYC roasties who spend 80% of their income on rent. Now imagine there are literal retards doing the same thing for a house that they “own”. It’s fucking pathetic

>> No.55564896

>>55564688
it's coming

>> No.55564906

>>55564688
>money supply is going down
is this really going on? i thought they were printing LESS money not reducing money

>> No.55565654

>>55564866
We just had to let covid take it's natural course, and house prices would drop...

>> No.55565771

>>55564688
Supply tightened. The market is people who can't afford to sell with low rate mortgages, a few dusty boomers selling fully paid off hooms, and then there's still a few desperate retard hoomers willing to become eternal debt slaves.

>> No.55565853
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55565853

>>55564688
Because homeowners have cheap mortgages. They aren't going to give those up, and people aren't going to sell for less than they could have got 18 months ago.

>> No.55565927

>>55565853
absolutely ridiculous that you can have 30 year fixed mortgages

>> No.55566144

>>55564688
It's formally known as rape. Your government is raping you. You are being raped.

>> No.55566163

>>55564688
Because your country is being pumped with millions of immigrants? Basic supply and demand.

>> No.55566207

>>55564866
/thread

Almost everyone I know who owns a house is housepoor. If they lose a job for a couple months it's over.

>> No.55566309
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55566309

>>55564688
is for the working class to keep working stupid hours chasing a silly dream like "buying a house"
knowing that I think I'll just retire to live in an apartment forever, at least then I can have real expectations or even start gambling on things like VINU

>> No.55566315

Economics are fake

>> No.55566344

>>55565853
You mean the market is experiencing HIGH GREED, I wonder what this could indicate

>> No.55566409
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55566409

>>55564688
because the although demand has dropped due to the high rates, the number of listings on the market has also dropped supply and demand are roughly equal. people are simply not listing their houses and waiting to see what happens. but the question is will people be forced to sell i.e. will there be a recession to force them to sell

>> No.55566442

>>55566163
Why is it happening everywhere though? I've seen it in Chile, Russia, all over Europe, Japan

>> No.55566451

>>55564691
immigrants are just a red herring to distract you from real estate firms and asset managers buying up huge amounts of flats to rent out.

>> No.55566465

>>55564688
Boomers prefer to die holding their property bags than sell without huge profits.

>> No.55566468

>>55565927
I wish we could here
In ausfalia we can't lock in longer than 5
Can't be having the goyim outplay the banks you know

>> No.55567284

>>55564906
It’s actually going up when they bail out banks that are defaulting. And of course, we have bo idea how many foreign central banks are being bailed out as well.

>> No.55567325
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55567325

Just keep renting. A housing crash is coming soon. Paying rent is what smart people are doing, so don't buy a house if you're smart.

>> No.55568048
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
55568048

>>55567284
I locked at 2.625% for 30 years. Going to make minimums the entire length of the loan.

>> No.55568189
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55568189

>>55566344
no, people are being smart and not giving up their great loans. You do have one don't you anon? I think you might be experiencing HIGH COPE

>> No.55568426

>>55564691
These people will all live in 1 house -
https://youtube.com/shorts/f5CUtI2yNv8?feature=share

>> No.55568429

>>55564688
immigration