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/biz/ - Business & Finance

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55573930 No.55573930 [Reply] [Original]

If you don't buy a house within the next 5 years you will be priced out forever. It's gonna be like Australia where the country is divided into Landowners and Renter(who have no chance of ever owning property)

>> No.55573985

Buy high, sell low.
Never change /biz/

>> No.55573993

>>55573985
There's not gonna be a crash anon, did you not notice when the turned the money printer on for years on end? Your dollars a worth less now

>> No.55573996

>>55573930
It’s funny how rekt boomers are gonna be. They think manic FOMO isn’t anything other than a top signal

>> No.55574001

>>55573996
Still waiting for that crash?

>> No.55574012

>>55573993
Notice how your sentiment is similar to some XRP tard thinking his shitcoin ponzi coin is going to 1000 dollars per unit lol. Inflation is slowing, everyone is cutting spending. Hiring freezes up the ass. Remote worktards being forced back into the offices (Oops, looks like you shouldn’t have moved to Kentucky when your employer is in New York State!! Lol) Unemployment is up next - wonder what happens when people can’t afford to speculate on the AirBNB market when their bullshit job is eliminated

>> No.55574016

>>55574001
I'm watching it unfold.
You sound a bit desperate, how's those rate hikes treating you? DW, they promised no more..

>> No.55574018

>>55573993
>>55574001
At an ever increasing decline in birthrates we are rapidly approaching a scenario where there will be twice as many already built homes/apartments for every man alive. Please tell me how there is never gonna be a crash when noone has kids, everyone lives with their parents and new buildings are built every single day

>> No.55574020

>>55574001
I already witnessed a crash in my early 20s. Why do you think this won’t happen again? The Biden admin is even reintroducing subprime lite by charging people who aren’t vagrants - definitely a good sign and not desperation

>> No.55574021

>>55574012
>Thinks real estate is similar to XRP
Okay zoomer, Still waiting on the crash?

>> No.55574027

>>55574016
Housing is still way up since the pandemic kek
>>55574020
>Yeah dude a loaf of bread is $15 but housing prices fell
kek

>> No.55574028

>>55574021
>Thinking real estate isn’t similar to XRP
Okay boomer

>> No.55574032

>>55574027
Yes, we call this ‘stagflation’

A noted phenomenon in clown economics.

>> No.55574040

How much is a tiny house now?

>> No.55574046

>>55574040
Who cares, nobody’s buying them

>> No.55574055

>>55574028
kek I thought as much. Opinion discarded
>>55574032
still waiting on that crash? When's it happening again?

>> No.55574066

>>55574046
Why not?

>> No.55574073

>>55574055
>When's it happening again?
Why? Want to get ahead of the panic selling?

>> No.55574079

>>55574066
Because nobody can afford it nor is anyone retarded enough to pay 3x on a glorified trailer that never really had resale value even in a market bonanza.

>> No.55574084

>>55574073
>this crash is coming anytime now bro...We've been saying for years on end now but it like is soon bro
Kek everytime

>> No.55574092

>>55574084
>we’ve been saying this for years
Who is we? The voices in your head? I haven’t been saying this for years. Take your meds and the voices would have stopped

>> No.55574096

>>55574092
Still waiting on that crash kiddo? When's it happening? give me a time when

>> No.55574102

>>55574096
>waiting on that crash
Not particularly. It will be a very bad time for everyone involved.

>> No.55574123

>>55574079
Who's nobody? Seems like somebody must be afford one. Are you sure?

It seems like 1 bedroom 5000sqft trailers start between $60-$80k brand new. Do tiny homes start at $180k? If they do, is someone buying them at that price?

>> No.55574141

>>55574123
>If they do, is someone buying them at that price?

Just because someone wants 180k for their manufactured home, cuckshed, or camper doesn’t mean they’re actually going to get it. People can be stubborn in price for a long time. What doesn’t matter is the price but in fact how long a property stays on the market, which in many cases is months to a year before they say fuck it and finally slash their asking

>> No.55574154

>>55574141
So nobody is buying new tiny homes? It's just people with existing tiny homes selling (or not selling) them for 3x what they bought them for? Same with trailers you're saying? Just nobody buying at all.

Where are you getting the sales data from? It seems like you have your finger on the pulse.

>> No.55574163

>>55574154
I don’t know any tiny home index that tracks the cost of cucksheds. But the RV market - which appeals to a similar demographic of buyers is not currently experiencing a boom like it was 2 years ago lol

>> No.55574166

>>55574154
https://www.marketplace.org/2023/05/29/after-flooring-it-rv-sales-slow-down/amp/

>> No.55574179

>>55574102
>delects a second time
So you concede. Got it

>> No.55574183

>>55574179
I don’t answer rhetorical bait questions. Sorry.

>> No.55574212

>>55574163
Are trailers, tiny homes, and trucks with living space in the back selling to the same people? I didn't know that.

I've never personally met someone who lived in a recreational camping vehicle, but my personal anecdotal experience is basically worthless. Seems to me that those people are buying those too take road trips and stuff.

So you're saying that both new from factory, and existing trailers in parks, are dead flat zero buyers nationwide because nobody can afford them, and nobody wants them. You're supporting this argument with used recreational vehicle sales data showing a slowdown.

>> No.55574232

>>55574212
>are dead flat zero buyers nationwide because nobody can afford them

Even overly optimistic mainstream media admits that spending is down in basically every avenue of the economy. Why the hell would you think large purchases like recreational vehicles and tiny houses would be the exception? You’re just being willfully ignorant or you’re stupid. I’ll give you the benefit of the doubt and assume it’s the former.

>> No.55574243

>>55574183
>>55574232
Still waiting for that crash?

>> No.55574252

>>55574212
>I've never personally met someone who lived in a recreational camping vehicle

Good for you I guess. Must be nice never having to interact with the poors

>> No.55574258

>>55574243
You might as well just write a script to make these posts for you. Wouldn’t even need complicated AI to reproduce your entire post history. Just a few conditional statements with canned responses and catchphrases.

>> No.55574267

>>55574258
You have given no reason to back up your claims if anything you're the bot kiddo

>> No.55574273

>>55574267
Special ed student doesn’t know how to read. Many such cases

>> No.55574292

>>55574232
Is spending down, or is nobody buying? Are you sure that boomers slowing down buying used rv's to park beside the house, and take to the grand canyon once a year, shows first time buyers aren't exploring more affordable starter home options?

It seems like when a starter home costs $350k that a tiny home at $40k, or a move in ready trailer in a park for $150k, or a new trailer from factory for $60k, might start looking like a better deal.

Is that not the case?

>> No.55574302

>>55574292
>Is spending down, or is nobody buying?
Both. Have any more retarded questions?

>> No.55574352

>>55574302
Sure. Is your data for zero sales of used or new trailers and used or new tiny homes nationwide just used camping vehicles slowing down from a boom a few years ago? I sort of expected a stronger argument for zero sales nationwide than a link to an article about used campers still selling, but not selling as fast.

I'm starting to feel that your arguments are strongly emotional, and probably close to actual market sentiment, but grossly exaggerated and without much support. Can you fix that for me?

>> No.55574404
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55574404

>>55574273
>>55574302
>HOUSING WILL CRASH BECAUSE...IT JUST WILLl!!!1!

>> No.55574525

>>55574404
He might be right. He's just not doing a very convincing job of telling us why?

I think it's going to be hard for housing to crash very hard when the money supply just doubled and a huge preventative of people are on the sidelines just waiting for the monthly math to work out regardless of actual pricing. I feel like we'll probably see 50 year mortgages become standard before we see a 50% crash. A 50% crash would actually would actually put inflation adjusted housing prices back to 90's valuations. Who knows, maybe?

>> No.55574538

>>55574525
>He's just not doing a very convincing job of telling us why?
Because he has nothing. He has his mind made up and is trying to work backwards from his desired outcome

>> No.55574633

They can print money faster than the rate at which anything else happens in the economy.
The clear trend recently is for more and more fiscal irresponsiblity which can only be coped with by more printing, so there's no assurance that anything will ever go down in fiat price significantly again unless the whole system collapses first.

>> No.55575609

>>55573930
Depends what country we are talking about. US is keeping a relative pace with wages.
Canada or Australia are excellent examples of real estate markets that are massively overinflated, and with rates rising and no fixed rates, there will inevitably be sellers in the higher pop areas likely displacement to lower pop cities w/ cheaper pricing (also inflated rn.)

>> No.55575642

It's bureaucratic build up. We already see it in California and the Northeast. Bureaucracy gets progressively more fat and built up until nothing can get done. The velocity of new home building slows to zero. Supply is artificially reduced to nothing. While demand, of course, continues to grow, thanks to population and artificial money supply. This kind of creep will continue to happen until the crisis point.

>> No.55576183

im a 32yo middle earner who got lucky in the market (have no debt). i did some calculations recently
prop#2 for 135k in May 2021 (26 months ago)
prop#1 for 440k in Oct 2020 (32 months ago)

current value estimated
prop#2 220k (appreciated avg 3.2k/mo or 2.4%/mo)
prop#1 695k (appreciated avg 8k/mo, or 1.8%/mo)

total capital accumulation for both properties is 59% (avg 11.2k/mo or 1.8%/mo) over last 32 months

this may seem good but it is extremely not good. civil unrest is inevitable if this continues.

>> No.55576449

>>55573996
It's just not gonna crash
Not a boomer even, actually a zoomer
I can tell, it's not gonna crash
It just isn't
I KNOW I KNOW
But it's just not gonna crash
LOL

>> No.55576503

You don't know shit about oz and houses. Tons of people there bought during the pandemic because they had high savings and interest rates were very low. However interest rates aren't fixed except for maybe the first few years, and they have historically skyrocketed recently. Meaning that people who bought houses during the pandemic are suddenly getting slapped with payments that are vastly higher than what they were previously making because interest rates are now floating around 7-8%. An ass ton of people got suckered into buying houses that they believed that they could afford, and they are literally getting rug-pulled by their banks as we speak.

>> No.55576718

>>55576503
How do the property taxes work in antipodean land?

>> No.55576810

>>55574018
>Please tell me how there is never gonna be a crash when noone has kids,
because they important non whites at record levels.

the managerial class has already stated their goal
>we want 1 billion "americans" to compete with china
this means importing all the lower class from central and south america to be used as slave labor. those slaves will need places to live. they'll crame 5 family into a one bedroom home and they'll still buy up every house available. there is just too many

>> No.55577650

>>55576183
I feel the same way, numbers in paper go up. But I understand everyone is getting poorer ladies and renties alike . I'd be happier with the prices unchanged, but they outpace earnings growth. Rich on paper but still getting priced out of another property purchase

>> No.55577736
File: 1.84 MB, 1075x2141, Screenshot_20230717-103143~3.png [View same] [iqdb] [saucenao] [google]
55577736

>>55574066

Because it's less practical than a motorhome and more expensive than one. Might as well just live in a van.

>> No.55577851
File: 1.11 MB, 522x762, file.png [View same] [iqdb] [saucenao] [google]
55577851

>>55573930
Housing prices are held up by man made laws.

Physical laws overcome man made ones.

>> No.55577952

>OP a one+done
>(12+) kissass faggot defending OP
I don't get you VPNiggers/WUMAO. Just post your OP and defend your points, don't use a sockpuppet.

>> No.55578016

>>55577952
OP is a faggot glowtard, and all his grandchildren will be brown, but we're riding the thread regardless

>> No.55579948

>>55573993
>>55574001
>>55574021
>>55574027
>>55574055
>>55574084
>>55574096
>>55574179
>>55574243
>>55574267
>>55574404
>>55574538
thats a lot of posts to say you bought after march 2022

>> No.55580024

>>55577736
If those windows on top are like a little loft bed area I would absolutely live in this

>> No.55580435

>>55579948
>>55578016
>>55577952
>Seething because they can give a reason for prices to go down

>> No.55581182

>>55574012
>(Oops, looks like you shouldn’t have moved to Kentucky when your employer is in New York State!! Lol)
Did people really do this? Don't you have to pay two state income taxes?

>> No.55582197

>>55573930
>Australia
The can is about to come to a grinding halt and we will enter the madmax timeline.

>> No.55582213

>>55575609
Yes, but in Canada we have a population of 40 million. There are millions of millionaires in China and India and many other countries that are buying real estate in Canada as a way to diversify and keep money safe overseas. And that doesn't even include the people actually immigrating here, which is like 1 million new people per year right now.

>> No.55583537

>>55574018
You realize make a corporations are going to collude with regulators to slurp those houses at ultra low prices and would rather have houses sitting idle in their existing stock lose value by going on the market at Cut Rate prices

Now I need you to type out we live in a command economy 1,000 times

>> No.55583559

>>55573930
this is true because its illegal to build more houses

>> No.55584866

not even close

>> No.55584912

>>55573930
>It's gonna be like Australia where the country is divided into Landowners and Renter(who have no chance of ever owning property)
Is there any benefit to being a landowner in these scenarios though? It just comes with the ability to sell the home for (maybe) profit after a couple decades. But renters could just put their down payment money into other investment vehicles and have it raise at a faster rate than current inflated housing prices likely will.

>> No.55584950

>>55573930
Just join the local council and your planning permission for a bungalow with a half acre drive for two cars on enough space to build five other houses magically goes through

>> No.55585203

>>55584866
Wrong

>> No.55585265

>>55583537
Anon, houses cost a ton just to upkeep and maintainence even if nobody lives in them.

>> No.55585305

>>55573930
This is quite possible, but it varies by country.
In Europe the EU and most countries are looking to declare something like 80-90% of buildings as climate change "unsustainable" due to fossil fuel heatings, and will require homeowners to make adjustments that lead to a soft expropriation for many.
Afterwards, they'll likely tighten the requirements further until hardly and personal home ownership is left.
They have other tools at their disposal as well, e.g. the EU just proposed rewildering 30% of the land, which will also likely result in many expropriations and they probably won't stop at 30% either.
European citizens are at least a bit more likely to accept this without backlash than Americans, but covid showed how weak Americans are as well.

>> No.55585452

>>55585305
>will require homeowners to make adjustments
There are programs for discounts and the state covering costs afaik.
There will also be/is loans available for this specifically.
Depends on the country i suppose.
> EU just proposed rewildering 30% of the land, which will also likely result in many expropriations
You can get paid to participate in this anon. Maybe/probably not enough to cover taxes but idk yet because i'm not an ownoor. In bongland it's called "countryside stewardship" so maybe play with those words and look it up for your language/area and the requirements for being eligible for these kinds of grants.

>> No.55585534

>>55585203
you are totally clueless about land, the amount of buildable and arable land in the united states might be the highest on earth, aside from russia, there will never be a housing boom on that scale, it will be tied to inflation sure, but when the boomers start dying that trend will reverse, there are far more homes and land than what people live on in the united states, there are many ghost towns that just have houses sitting empty, with hyper inflation comes government authority and enforcement capability collapse

literally free real estate if you don't piss off locals, and can defend your claim

https://www.law.cornell.edu/wex/abandoned_property

>> No.55587829

bump

>> No.55587840

Not buying your house bags, cope

>> No.55588337

>>55573930
You know they are actively destroying the population and the economy at the same time huh bozo ? Are you this stupid ? +see what a huge bubble real estate is atm, you must be one of these special people who think bc it went up for the last 30 years it must keep going up but you have no clue what drives the price