Houses are not investments. This time next year average prices will be <200k

[Anonymous No.55955214]

[Anonymous No.55955221]

>please buy my bag
>Pleassssssse
Lol

[Anonymous No.55955224]

>>55955214
No rentoid. They will not. You will still be paying rent to a landlord because you didn't listen and now you're priced out perpetually.

[Anonymous No.55955233]

>>55955224
landlords are really smug until they are killed by their renters, which will happen

[Anonymous No.55955236]

>>55955224
Rents are going down. All the roasties and soicucks that bought the top, are struggling to even find people willing to get them "passive income" while landlord - tenant cases are rising exponentially again. All those roasties are going to be forced to sell after the 3th tenant fucked them over, they have to sell in a depressed bid

[Anonymous No.55955237]

>>55955224
I'm sure plenty of people will be lining up to buy houses for $1 million+ when they're earning $70k

[Anonymous No.55955240]

Is that why Berkshire and Hathaway recently started buying home construction stock?

[Anonymous No.55955262]

>>55955233
It's due on the 1st.

[Anonymous No.55955266]

>>55955240
They expect material cost to crash due to china getting fucked and this leading to a housing construction boom. More supply, still higher rates, lower construction costs doesn't lead to price staying up

[Sean No.55955284]

>>55955240
I have close family ties to people in construction and eventually mass manufacturing homes will become more lucrative than fixer uppers. As an aside it still is cheaper to fix up currently as China basically used all the construction materials in the world to build all those homes and roads and such they don't need. I'm not even kidding the single handedly raised the prices of every construction material globally with their insane levels of demand.

[Anonymous No.55955295]

>>55955240
betting that newly constructed houses can be sold at market for a lot of profit ie overvalued

[Anonymous No.55955299]

>>55955284
>Namefag
>Random western sounding name
Go back chang

[Anonymous No.55955313]

>>55955224
My rent went down recently. $1200/month for a 1br vs 4k/month for a 550k 1960s shitbox @ 7% mortgage is a no-brainer considering I am young and single.

[Sean No.55955315]

>>55955299
Oh you smelly westerners found me this time but I be back ha ha hah. The future is Asian round eyed pigs. Get used to it. European dominance is but a blip on the historical radar. We would have been in charge still if it wasn't for you dumb barbarians and your stupid navy too.

[Anonymous No.55955320]

>>55955315
Go back chang

[Sean No.55955337]

>>55955320
I cant read English good but feel like that basically proves my initial point. Construction materials will become cheaper and more available and therefore mass manufacturing more profitable. Well assuming the base materials industry doesn't collapse.

[Anonymous No.55955343]

>>55955337
Go back chang, winnie needs rice farmers

[Sean No.55955356]

>>55955343
Oooooh you westerners make me so mad. Why don't you eat hamburger. Hshahshhsshhs you eat bread. Dumb fuck smelly bad.

[Anonymous No.55955385]

>>55955356
Go back chang, winnie the pooh needs rice farmers, and nobody cares for you crying about muah bad human rights violation chinkland when your visa is revoked

[Anonymous No.55955610]

>>55955224
>You will still be paying rent to a landlord
Cope and seethe bag holder.

[Anonymous No.55955719]

>>55955266
>More supply
Where? Supply will never keep up with demand, as long as foreigners can buy land and illegals continue multiplying.

[Anonymous No.55955775]

>>55955719
Go be a mouth breathing parrot somewhere else

[Anonymous No.55955846]

>>55955214
I will simply continue to live in my parents home well into my 30s until housing prices go down

[Anonymous No.55955852]

>>55955846
I look like this and also say this

[Anonymous No.55955914]

This is how they solve it. They will roast everyone's fake value on their house.

[Anonymous No.55956358]

>>55955914
You, me, and Andrew Mellon know that they aren't going to do that. They're going to print money and 'grow' their way through the problem.
Keynesians are actually fucking idiots man. It's a philosophy which on a long enough timeline is essentially suicide because you fuck your nation up so badly.

[Anonymous No.55956384]

>>55956358

I think they will print money soon. Turn on the money printer. lol lmfao.

[Anonymous No.55956390]

>>55955914
>This is how they solve it. They will roast everyone's fake value on their house.

They aren't crashing anything anon. Great depression 2.0 my ass. Its all fear mongering. This time its different. Housing market to the moon!!

[Anonymous No.55956394]

>>55956384
>>55956390

.
Who are "they" shill. And why are you so afraid of something that doesn't exist

[Anonymous No.55956398]

>>55956384
They won't do it without needing to. These guys think the only tool they have is crediblity, which is retarded because the only tool they have is a digital money printer. Doesn't take much credibility to have people believe you're going to print money, and yet here we are. They will print when something gets fucked up. They will try to lower the rate sooner than later, but they will find that harder to do than I think they know now. Nobody wants to get hyperinflated into poverty while holding bonds, you'd have to be retarded. The yields might go down at first but then the interest rate will spike. There will never be a positive rate but even a nominally high, negative real rate will fuck this shitshow up good
'

[Anonymous No.55956420]

>>55956398
Who are "they"
Define faggot

[Anonymous No.55956436]

>>55955214
>>55955233
>>55955236
>>55955237
>>55955846
yikes

[Anonymous No.55956455]

I just want my own decent house built to last that isn't in a crime ridden shithole

[Anonymous No.55956531]

>>55956420
The FOMC, the Federal Reserve lmfao.
The Federal Open Market committee is the thing that creates US dollars and then uses them to do thing.... in the OPEN market. So when we say 'they' will do something, we are referring to the FOMC, and Washington DC at this point is considered irrelevant because the deficit will be permanent, it's no longer a question of spending.

[Anonymous No.55956620]

>>55956531
So you have no idea what you are talking about chang
Noted. In 12 hours its over. Your life is going from getting paid pennies to shitpost on 4chan for the ccp to an indefinite time in a deportation center

[Anonymous No.55956722]

>>55956455
lmao good luck with that faggot

[Anonymous No.55956844]

>>55955610
>sinks with all of your belongings
oops

[Anonymous No.55956972]

>>55956844
It costs like $5k to get another one and my used laptop costs ~$70. It takes two to three months for that to break even.
Plus it's only going to sink if you don't take care of it, same sort of thing happens with a house.

[Anonymous No.55957309]

>>55956620
Thats nice sweaty now come out of the basement. Your dinosaur nuggets and fries are ready.

[Anonymous No.55957374]

>>55955214
Bought 2 houses one in 2013 and one in 2015. Rented them both out until winter of 2022. Sold both and made 500k liquid. Will be doing it again in a larger scale once the market crashes but it will be easier with my liquid now. People that don’t u sweat and the market cycles will never make it. Buy at the top dummies I’ll see you at the auctions next year. This was just a side hustle but will be a main hustle come next crash.

[Anonymous No.55957380]

>>55955295
as long as the buyer is too dumb to inspect...i looked at like 20 new construction homes and found multiple code violations in every single one. i'm building my own fucking house now...i dont give a shit if it takes 5 years...these shitholes are engineered to fall apart as soon as liability is gone

[Anonymous No.55957394]

>>55957374
Based. I studied Austrian cycle theory and realized things were never gonna change and trying to warn people just gets you mocked.

[Anonymous No.55957396]

>>55957374
> why are american living standards dropping?
yet another post bragging that they did nothing and got 500k.
america becomes like the UK, which it fought to free itself from.
the founding fathers would want to shit on rentiers, yet they brag without thought

[Anonymous No.55957404]

>>55957374
Tips: buy upper middle class homes so you don’t have to rent to scum. Buy near a military base if possible. Do your own background checks on your renters. If you hire a property manager be involved with the vetting. I never had any issues other than replacing an appliance here and there. Save some cash for the sale process and getting the houses ready for market.

[Anonymous No.55957426]

>>55957380
Cookie cutters are great investments in a good market, seller will fix all issues if no bidding wars. Cookie cutters should be bought in a good growing area within 45 mins to a major city. Cookie cutters should be sold between 10-15 years.

[Anonymous No.55957447]

>>55957426
>Cookie cutters should be sold between 10-15 years.
exactly..right before the roof falls apart

[Anonymous No.55957460]

>>55957396
Did nothing? I wrote the contract for one, vetted all possible renters, ensured to fix everything immediately, I.e. refrigerator broken you have a new one in a day. Water heater, same thing. You are just a lazy fuck. I used my military benefits to help secure loans, didn’t join? That was easily the best decision I made, 5 years of my life for free college, VA home loans, refinance first loan to non VA you get your VA back. I put in my work son. Being a landlord does not mean you just sit and collect, and if you do you’re not increasing your personal value as hustle or a company.

[Anonymous No.55957547]

>>55957460
Just fight for Israel goy and you can become a parasite too!

[Anonymous No.55957619]

>>55957547
I knew I’d see this comment and my bank account and I do not care. You don’t necessarily have to join, you can easily get 3% down loans now or shitty 0% down to refi later and should be able to shortly after the market crashes again. I’m just telling anons what worked for me. Buying your first house and getting it rented is the hardest part. Just have a job for income veri. If you “intend” to occupy the house you’re gravy, people can change their minds the next day or get a new job in another area and rent. Seethe or not I’m basically giving you a basic roadmap on how to do this as an average got and you will have an opportunity sooner than you think.

[Anonymous No.55957677]

>>55957619
>Just have a job for income veri.
That's the problem.
My best bet would be to diversify into good goy dividends to show income because my current portfolio isn't kosher.

[Anonymous No.55957686]

What should I get?

Pfizer, Haliburton, Raytheon, any other ideas?

[Anonymous No.55957715]

>>55957460
wow sounds like 500k worth for sure.
come on your a fucking leech, ruining the country.
the precise reason why you bragged was because it was easy money.
you didn't post
> I worked hard creating value and eventually made a fair gain of 500k
you bragged
> I did next to fucking nothing and got 500k
that's the whole point of the brag

[Anonymous No.55957725]

>>55955236
You okay anon?! -I hate to be 'dad' here, but if you keep hitting the rock like that, your heart is gonna explode!

Maybe slow down a little. -KEK!

[Anonymous No.55957736]

>>55957686

Pfizer obviously. They are going to lock us down again with the variant soon.

[Anonymous No.55957748]

>>55957677
You can provide income verification via multiple routes, however it is ridiculous that they want you waging and that’s the easiest surefire way to secure the loan. Everyone’s goal should be to get a mortgage… not right now obviously but you have plenty of time to be ready. Don’t pay cash for real estate unless you’re a multimillionaire. Hopefully loans won’t be more difficult on the next crash like 2008 but this housing bubble is purely over inflation. I don’t see any difference in blackrock acquiring property either the Chinese and other foreign entities have been doing this for years.

[Anonymous No.55957776]

>>55955914
Everyone loved him as Santa Claus! What a legend!

[Anonymous No.55957789]

>>55957715
So the root of your argument is that everyone should just simply be given a parcel of property to live in harmoniously ever after? Can they rent their property at that point or should we create laws that ban renting? Sounds pretty communist to me.

[Anonymous No.55957819]

>>55957789
Also, one tenant rented for almost the entirety of my ownership for 6 years. I never raised rent on him once because he always paid on time. The other property I raised once when tenants changed and then back down again so I wasn’t making any passive income considering my overhead expenses. All of my gain was pure equity. So I gave a great deal on two homes for multiple years and I’m a leech how?

[Anonymous No.55957862]

>>55957396
>> why are american living standards dropping?

Mmmm... Because we elect idiots to office, play racial and gender politics like a mormon at a high-stakes vegas poker game, let businesses have all the control, shoot our kids in school, and run up credit card debt, living like we all have a trust fund! We fucking asked for it!

But... You can be damned sure though, that if America fails at Monopoly, the rest of the world will land on Boardwalk with 5 hotels, right along with us!

Nothing is insulated from anything else now...

Globalization is gonna snap us all in the ass!

[Anonymous No.55958001]

>>55955236
What's great is the UK is passing a law making it illegal to evict someone without cause except in limited circumstances. This means its much harder to evict rentoid who can squat and build up back rent then allege disrepair so matter has to go to contested hearing and hoomer loses the hoome because can't afford mortgage payments.

[Anonymous No.55958098]

>>55957748
I'm just too ethical to invest in stuff that causes death and destruction.

I will probably end up buying with cash, and at that point I might as well buy in the middle of nowhere so the zogbies can't get me.

[Anonymous No.55958112]

>>55957460
>>55957715
Houses are assets just like crypto. If he bought bitcoin and made a lot of money would you say he did nothing?
Owning real estate is a huge risk. He managed it well.

[Anonymous No.55958122]

>>55955224
You must have missed the J. Pow speech. He's coming for shelter inflation, just like everyone was saying.

[Anonymous No.55958131]

>>55958001
theres a year long backlog in Canada for these sorts of cases lol

[Anonymous No.55958132]

>>55955236
It's honestly all those Air BB roasties that are going to get wiped out.

[Anonymous No.55958140]

>>55958122
What did he say?

[Anonymous No.55958156]

>>55958131
Yep I imagine soon alllll the court systems will be jammed. Rentoids will squat and some will wreck the hoomes. Practically hoomers can't do shit but take the loss, pay legal bills and lose the property.

[Anonymous No.55958164]

>>55958156
And they'll make the hoomer pay the tenant because the tenant brought bugs or mold into the house lol
Fix it landie

[Anonymous No.55958170]

>>55955214
Houses aren't good investments, but notice that housing prices basically never go down unless there is some systemic flaw like in 2008 that forced people to sell at a loss. If you think we are returning to those levels I have some bad news for you.

[Anonymous No.55958191]

>>55957819
> pure equity
Another family paid your fuck money.
Landlords are leeches.

[Anonymous No.55958199]

>>55958170
Circa 30% more money introduced in US system.
Price of everything goes up including value of hoomes, mortgage payments syrocket.
Wages do not increase.
Can't pay for food, heat or the hoome.
>but who was systemic flaw?

[Anonymous No.55958220]

>>55958170
Adjust for inflation. Most peoples homes did not go up that much. Some peoples didn't go up at adjusted for inflation but it still caused a short lived wealth effect.

[Anonymous No.55958246]

>>55955224
>>55955240
>>55955262
>>55956436
>>55956722
>1pbtid

[Anonymous No.55958474]

>>55958191
Based on your posts I believe you’re the leech and you add no value to society. Do you think Home Depot shouldn’t be able rent tools to people over the weekend as well? Did you believe blockbuster video was a leech because they rented videos to people who’d rather not buy them? Do you think Netflix, Amazon. Microsoft, and Apple, are leeches because they rent their services to customers. Renting goods, services, property, even pussy has been around since the old ages and you are really getting that bent over it? Have you ever used Airbnb, Uber, turo, or door dash? Do you complain to them that they own property? Have you ever flown on a commercial airline, do you complain to them that they own the airplane? My god you are a grade A idiot my fren.

[Anonymous No.55958695]

>>55958474
If a house is owned for rental purposes, it is unavailable for purchase.

If a Landlord is charging 'market rates' for rent, he (regardless of how many properties he owns) has been contributing to the recent rent bubble.

I'm not making a moral judgment; merely stating economic realities.

[Anonymous No.55958752]

>>55958695
almost all houses i looked at to rent recently were double the price they would be in 2019. All owned by boomers as an investment. All said the same thing, i would rent it cheaper but im just keeping it inline with current marked conditions. Really becomes clear now why a vaccine was forced on younger healthy people just to keep old boomers alive. We missed our chance, covid was meant to be a great reset not this shitty reality. Boomers shouldve realised that them dying is the greatest thing that can happen to this world. More young people can afford homes and afford to start families. Now populations are going to invert so hard its going to destroy western civilization. No wonder every country is at record levels of immigration.

[Anonymous No.55958777]

>>55955214
>>55955224
This.
Now chop chop rentoid.
Don't forget, RENT IS DUE!

[Anonymous No.55958816]

>>55955224
I hope you haven't been invested in your house instead of the FAANGs, Tesla, Nvidia? Imagine missing out on the tech gold rush because you put everything in real estate (not an index but one risky house) It's financial illiteracy.

[Anonymous No.55958818]

>>55958695
We can go back and forth all day, I can give you as much as I can. My rent prices always barely covered mortgage and in some cases even for over a year didn’t even cover mortgage so I had to personally make that up. This was when the market was great, and interest rates were great and there still wasn’t that much passive income. My reward for being able to keep the property for said amount of time was the equity. All it comes down to is this question, do you believe it’s fair for one person to be able to buy something and have the ability to rent that something out to others? The only people that are making passive income on property are corporations, people that bought outright with cash, or someone that actually paid a mortgage off for 30 years. The enemy you truly seek is your own government, not normal people that want to buy a house or two and rent it out.

[Anonymous No.55958874]

>>55958199
The systemic flaw was that banks were handing out variable interest rate mortgages to buyers who didn't have to prove they could afford them and had no business buying the houses they were buying. Housing prices were blown up by these mortgages and when interest rates went up people couldn't afford to make payments anymore so they were forced to sell.

Banks don't offer those kinds of loans anymore, and basically everyone getting a mortgage these days can afford to make payments because they are required to go through a thorough financial audit to qualify. The risk is very well-managed.

It's possible that an economic meltdown could cause widespread layoffs and force people to sell that way, but that would affect the whole economy and housing would just be a reflection of it.

[Anonymous No.55958934]

> historical return on housing?
> 4%
tick tock RErards

[Anonymous No.55959051]

>>55958246
>1pbtid

[Anonymous No.55959219]

>>55955233
Imagine killing somebody because you don't want to pay them to provide you basic shelter

[Anonymous No.55959255]

>>55959219
Imagine killing your renters because they didn’t pay rent for a few months and they’ve trashed your property and are squatting and won’t leave.

[Anonymous No.55959463]

>>55958934
>buy in 2018
>325k house
>3% down
>10k total investment
>mortgage is cheaper than rent
>COVID
>feds hand out free money
>refinance
>mortgage is now cheaper than studio apartment
>2.75% fixed for 30 years
>property tax capped at 2% per year
>250k in tax-free equity if i sell

I think I did better than 4%.

[Anonymous No.55959899]

>>55955214
>median sale price dropping
That just means quality homes are being withheld from the market and the only thing being sold are cheap houses that no body wants.

[Anonymous No.55960124]

>>55955214
they're going to inflate for the next round of currency printing and that currency will go straight into property and make the prices go up again. It's a scam and guarantee.

[Anonymous No.55960131]

>>55955236
it will go back up because these ownership cunts are going to vote for the currency printer to save them and the federal reserve will do it because it creates a greater wealth gap.

[Anonymous No.55960135]

>>55955610
Still have to pay for a place to lie

[Anonymous No.55960136]

>>55956358
thank you for being financially literate and doing god's works educating these people.

[Anonymous No.55960145]

>>55956531
this right here is the truth, the federal reserve props up the market. Holy shit look at the kikes seething at you posting the truth.

[Anonymous No.55960210]

900 000 students

[Anonymous No.55960227]

>>55960131
There is no currency printer
Stop parroting shit.
For the """"currency printer """" to go on, rates need to go down, inflation needs to be under 2%, capital requirements for banks need to go down and there needs to be expectations of growth that would make it rational to get loans. Non of those conditions are going to be the case with voting, because thankfully the legislator doesn't have any saying when it comes to monetary policy

[Anonymous No.55960241]

If you are bullish on residential home value why don't you buy a REIT of blackrock with 0 leverage instead of paying massive interests and be overleveraged forever for a piece of shit that will grow old eventually and needs massive upkeeping. Can someone explain this to me?

[Anonymous No.55960267]

>>55960227
The fed isn't independent, the government can only afford to pay its debt with money printing, people with debt will have it inflated away because of the government. The federal reserve will not let the economy go into deflation.

[Anonymous No.55960284]

>>55958934

[Anonymous No.55960315]

>>55960267
It is. Just because you repeat a lie over and over and over again doesn't make it true and it won't be able to create (((consensus))), especially not on the internet. All your behaviorism models are based on drooling radio listening, tv watching and trustful societies, that isn't the case anymore. Get fucked, the rope awaits your kind

[Anonymous No.55960361]

>>55960315
Ah yes, people with distrust of central banks and the federal government, they're the real problem.

[Anonymous No.55960373]

>>55960361
Go back. Your amateur behaviorism doesn't work on me loser

[Anonymous No.55960394]

>>55960373
Meds

[Anonymous No.55960406]

>>55958170
Imagine a system where real estate gains value year on year but wages stay stagnant. We've been in that situation for a while but now it's becoming obvious why it doesn't work - eventually shit gets illogically expensive. You can't infinitely condition people to keep paying more for houses. At some point they're going to say 'no' and fuck off to a cheaper city/country. Dunno about murica but I know for a fact that Australia (Melbourne and Sydney specifically) is ticking time bomb and in just 2-3 recession cycles we'll finally have our 2008 moment. People are already selling up from inner-city suburbs and moving further out because they simply can't afford it.

[Anonymous No.55960407]

>>55955233
Dont forget the rent is due this Friday, big man.

[Anonymous No.55960433]

>>55955214
>HOUSES WILL BE $100K ADJUSTED FOR INFLATION SOON
4chan will never stop TRUSTING THE PLAN.

[Anonymous No.55960436]

>>55960394
Rope yourself in two more weeks. Do it yourself liar

[Anonymous No.55960445]

>>55960433
You mean like the international socialist from joke organization like the imf, un, eu, wef... Trust their retarded 10 year plan more like a bunch of qtards? After they failed gloriously for 40 years straight

[Anonymous No.55960623]

>>55959255
But that's legit

[Anonymous No.55960895]

>>55958818
You're fucking stupid.
He made a generic assertion, you replied with an anecdote.
You're a leech, you're thick. A little helper for the banks as part of their distributed rentier activity.
None of this would be possible without pieces of shit like you.

[Anonymous No.55960914]

>>55958816
>telling people to buy the tech bubble instead because the housing bubble is gonna pop
there is no scenario where the NASDAQ continues to go up and housing corrects hard. Are you insane?

[Anonymous No.55960966]

>>55960914
Agreed both need low rates

[Anonymous No.55961024]

>>55955233
Tik tok rentoid, rent is due.

[Anonymous No.55961127]

>PLEASE JUST PLEASE GO BACK TO EARLY 2000'S PRICING
>I DON'T EVEN NEED A HOUSE I JUST NEED TO BE CORRECT ON 4CHAN PLEASE
>I KEPT TELLING THEM TWO MORE WEEKS FOR HUNDREDS OF WEEKS

[Anonymous No.55961165]

>>55955214
IT'S FUCKING OVER YOU IDIOTS WE'RE GETTING BIG SHORTED AGAIN IT'S ACTUALLY OVER

[Anonymous No.55961230]

>>55960284
Next time don't use all green

[Anonymous No.55961317]

Your country is being pumped with hundreds of thousands of immigrants (where their family of 6+ will join shortly after due to (((human rights)))) and you think house prices are going to actually going to crash? LMAO

[Sean No.55961359]

>>55961317
Wow that 0-15% matches perfectly what I consider actual white people. I couldn't find a way to show how we're all a people til now (assuming this chart is accurate). Maybe white people is semantic but you get what I mean. I'm not even trying to be a bigot about it but as a YouTube historian it just seemed kinda obvious even watching libtarded channels.

[Anonymous No.55962113]

>>55960227
lol you Jewish retard. They're doing currency printing right now, they call it "central banks are buying government bonds", I'm actually financially literate you slimey Kike, keep replying to me and we'll both redpill anyone who reads our posts.