/biz/ - Business & Finance

[Anonymous No.55955219]

lol
lmao

[Anonymous No.55955264]

>>55955219
These top signals are just getting more and more outrageous.
I'd be sweating bullets if I was a home owner right now looking to sell.
Gonna be holding the biggest bag of shit for the next decade at least.

[Anonymous No.55955280]

Hi the population in my state is stagnant or slightly decreasing year over year and there's a huge amount of old people that will be downsizing.
Where is the "demand" supposed to come from to continue the eternal parabola?

[Anonymous No.55955324]

>>55955264
we all watched the big short

pre 2008 our money was real.

post 2008 our money hasnt been real since. do you think its coincidence that every single billionare 10x'd their net worth from 2011-2021?

It had nothing to do with providing real value

and everythign to do with beating QE and the degradation of our dollar. BRICS moving to rupee and such is extremely bullish for home prices.

USD is fucked. and homes are a huge indicator of inflation. its never going down. They have already told us they will kick the can with rates forever. a 2% rate drop would cause homes to soar 30%.

Are you dense or just retarded bro. if youre not buying top expensive homes (800k+) youre fine

[Anonymous No.55955334]

>>55955280
the demand comes from Quantative Easing and our Fed Balance Sheet.

USD value is fucked. buy goods and homes. our monetary system has never operated in such ways.

[Anonymous No.55955335]

Isn't the rate likely only going down from here?

[Anonymous No.55955357]

With population increasing and the shitty quality of mid 80s homes onwards....probably best to buy a 70s home with no asbestos and redone plumbing. Did that and I was able to get a house 4br/2ba 30 mins from the beach for $150k and made seller pay closing because they were delerious boomers asking way too much.

[Anonymous No.55955360]

>>55955280
They’ll try to FOMO you by telling you that immigrants will rent them all from Blackrock. Will you feel good about your future property values when it’s surrounded by Jeets?
Don’t take the bait. Nobody wants a mortgage at current prices.

[Anonymous No.55955422]

>>55955335
in due time. they dont want homes selling rihgt now.

your wake up call should have been the re defining of recession, "infinite amount of cash", and an infinity symbol instead of a number for FDIC coverage.

there is a reason BRICS is dissasociating with USD. Im short USD and long on housing

[Anonymous No.55955425]

>>55955335
nah there hasnt been a big enough disaster yet. people are still feeling cute might downsize later

[Anonymous No.55955426]

>>55955335
Most likely it will stay around 7-9% for a while, then go up right before the crash

[Anonymous No.55955431]

>>55955426
crash from where?
From the millions of adjustable rate mortgages? i dont see 20 year olds buying 600k homes or ability to NINJA into a mortgage. nice try

[Anonymous No.55955453]

>>55955426
cope
>>55955335
yes

[Anonymous No.55955460]

>>55955431
Incredibly high rates of mortgage fraud. Airbnb/flippers/landlordistas leveraged to the tits now sweating bullets cause their demand source has dried up with recession/high rates sucking up all the liquidity. Lending standards were also trash just like during GFC

[Anonymous No.55955466]

>>55955422
Unironically going long on MXN peso vs USD at this point, have a look for yourself. It's over.
>Express elevator to hell, going down

[Anonymous No.55955473]

>>55955324
>homes are a huge indicator of interest rates
ftfy
your macroeconomic timescales are off. BRICs new currency wont devalue the dollar that quickly. why are you longing housing 1 year after the end of 14 years low mortgage rates? youre gonna get fucked.

[Anonymous No.55955474]

>>55955460
there is such a wide net cast below, I dont see the real danger behind Airbnb. Every 25-35 yr old is desperate for a home.

having gone through lending myself in 2020, youre bullshitting. It was a pain in the ass to prove assets and deposits.

the difference between 2008 and 2023 is everybody and their dog owned a home and now every youngling is desperate for a chance to buy. I just dont see another GFC playiing out due to mortgages. maybe soemthing else would be the cause

[Anonymous No.55955479]

>>55955474

I guess I should buy now.

[Anonymous No.55955483]

>>55955473
im remaining long, not adding to my folio. i have 2 doors. Im not as much long on housing as i am SHORT on USD. I even bought a 1981 DMC delorean and that gave me a 2x within 3 years. our USD is fucked and everyone with a brain knows it

[Anonymous No.55955488]

>>55955474
> Every 25-35 yr old is desperate for a home.
i make 100k and cant afford the interest on a typical family home. if interest rates dont come down, it doesnt matter if im desperate cause i cant buy. everyones in that situation. if youre betting interest rates will go down soon then it makes sense.

[Anonymous No.55955498]

>>55955479
maybe. if you stick to 400-500k homes youll be fine.

Did everyone forget the Two 1 Trillion platinum coins that were sold to the Federal Reserve? Do you really expect them to let this ship sink when they have the master keys?

[Anonymous No.55955499]

>>55955479
What’s the worst that could happen :^)

[Anonymous No.55955503]

>>55955488
thats my point, the minute mortgages are affordable, there is millions of buyers ready. Either depreciation of price or lower rates will cause it. Unironically rising mortgage rates are bullish. they know what will happen if they lower them.

[Anonymous No.55955515]

>>55955474
Look at any real estate group on social media. You got people owning 100s of properties all leveraged on top of one another plus mortgage fraud re primary residence. Now they can’t pay their mortgages cause rent is plummeting and no one uses Airbnb anymore. They also can’t cash out/refinance cause rates are high. Tech people are getting laid off left and right and can’t afford mortgages. And lending standards fell through the floor in 2021/22 during the high volume blowoff top. Institutions are no longer buying and instead are selling.

tl;dr it’s over

[Anonymous No.55955530]

>>55955219
This is the accumulating stage. I'm going to try and buy as many houses as I can and rent them out to pay as little as possible. In a few months rent is gonna sky rocket because of rising interest rates.

[Anonymous No.55955533]

>>55955515
now ask yourself: Why?

Lending.

Boomers hold the master key. And the can will be kicked in perpetuity. also your stats are very very bad. Its extremely hard to get approved for more than 3 properties unless you make 250k+

[Anonymous No.55955539]

>>55955498
Yea, they will let it sink and will buy the bottom just like what happened 15 years ago. They already sold the top and are finishing selling now

[Anonymous No.55955551]

>>55955539
15 years ago you could NINJA into a loan. money was real. pre-QE"Quantative Easing (Inflation)" you really think the climate is the same huh? they do good to confuse you with buzzwords. losing the USD would be detrimental for north americans. but our lazy pampered asses fucking deserve to feel pain for what we did to the rest of the world.

[Anonymous No.55955562]

>>55955219
are normals really this dumb?

I cant see how 8% interest rates are sustainable without house prices going down. They really cant see over the hill (a really small hill at that)? More real estate licenses are being issued, 1% down for a home (((purchase))), and 30-40% of the money supply printed during covid. Surely, normals are doing this ironically?

[Anonymous No.55955566]

>>55955551
It’s totally different this time bro. There was no fraud, greed or unfettered speculation bro. It’s not gonna crash this time even tho we have the fastest rate hikes EVER, bro

[Anonymous No.55955599]

>>55955324
>New paradigm
>>55955474
>If price go down people will buy so price will go back up

[Anonymous No.55955649]

>>55955474
Most 25 to 35 year olds are sitting on five figures of cc debt and living paycheck to paycheck. Even high earners aren’t saving so they can ball out on social media.

Yeah young people desperately *want* a home, but if you think there is significant amount of fiscally responsible late millennials/early zoomers sitting on the sidelines ready to swoop in and save the housing market you are out of touch.

[Anonymous No.55955666]

>>55955264
I hope you’re right. I’ve been saving for the slurp.

[Anonymous No.55955673]

>>55955649
and also live in dual income households, something we didnt see pre-2008. another reason home prices soared and will keep soaring. we havent even seen the real bubble yet.

[Anonymous No.55955678]

>>55955673

Will it keep mooning forever?

[Anonymous No.55955718]

>>55955673
>dual income households, something we didnt see pre-2008

Based boomer posting from 1970.

>>55955678
Yes goy, it is a new paradigm. Now is the time to get a loan.

[Anonymous No.55955721]

>>55955678
with our new monetary system, everything will go up compared to USD. in perpetuity.

>>55955666
my point exactly. the wide net will prevent any affordable homes. forever. (barring other cataclysmic events, im just saying mortgages will not cause another GFC. something else would)

[Anonymous No.55955730]

>>55955718
found the rentoid.

im right. you have to compete with dual income households now and you fucktwats want to call it a bubble. we didnt do dual income verficiation as much pre 2008. didnt need to. kek kys

[Anonymous No.55955732]

>>55955718
>>55955721

Thanks boomers

I'll buy now.

[Anonymous No.55955758]

>>55955730
>dual income households didnt exist pre 08

Good luck.

[Anonymous No.55955762]

>>55955264
Oh shit it's Michael Burry everyone, yea because once everyone expects houses to crash, you know it won't happen because that implies that there is still demand in people like you waiting for a crash to jump in, you and everyone else.

[Anonymous No.55955790]

>>55955762
OP’s headline is a better representation of what “everyone” thinks housing is going to do (go up forever) than some random post on /biz/.

[Anonymous No.55955816]

>>55955721
Then I’d rather buy gold instead of a construction paper shitbox surrounded by construction paper shot boxes full of Jeets, Spics and niggers that I have to pay the government every year for the privilege of constantly paying for repairs

[Anonymous No.55955825]

>>55955264
>decade
It took 11 years to recover nominally and 14 years in real terms to recover from the last peak. That's IF you believe the CPI numbers. Some folks who bought in 06 may not have recovered at all.

[0x58120E2F2C6AE9f89481C05DA3A749928Dcc7238 No.55955851]

>>55955666
Get robbed

[Anonymous No.55955857]

>>55955851
100 Checkems scheduled for deposit

[Anonymous No.55955916]

>>55955816
Yeah instead you'll just rent surrounded by jeets, spics and niggers for the rest of your life

[Anonymous No.55955924]

>>55955916
That’s where you’re wrong kiddo

[Anonymous No.55955926]

>>55955280
Shut up and buy my bags you fucking entitled zoomer!

[Anonymous No.55955927]

>>55955431
somehow they do

[Anonymous No.55955948]

>>55955474
Most houses are owed by boomers and most boomers will be dead in 10 years

[Anonymous No.55955957]

>>55955948
I'll rent you my parents old place.

[Anonymous No.55955982]

Why do faggots expect a limited resource like land that keeps growing in demand and shrinking un supply to lose value?

>2008
So the economy crashed for a min, and things went back to normal. Crashes are pretty rare in the US and very few people really are able to take advantage of it.

>It will happen in 2 weeks
Only thing that will happen is either the prices will be higher or there eill be less selection to choose from

[Anonymous No.55956000]

>>55955219

literally "buy my bags"

[Anonymous No.55956008]

>>55955264
I've been watching this absolutely beautiful house that's been on the market for a year now. It's in the median price range too.
>Price drop
>Price drop
>Price drop
This person seems eager to sell but can't. I want the house but I'm not a software developer so I can't afford it.

[Anonymous No.55956012]

>>55955280
Everyone will buy second homes for investments so they can have "passive" income through AirBnB. The AirBnB market is the reason why homes are being taken of the market today.

[Anonymous No.55956029]

https://www.reddit.com/r/wallstreetbets/comments/vdokhk/the_big_short_2_trailer_just_dropped/

I wonder what these guys are thinking

[Anonymous No.55956031]

>>55955924
cope

[Anonymous No.55956644]

>>55956029
>oy vey

[Anonymous No.55956719]

>>55955264

[Anonymous No.55956756]

>>55955324
You are an absolute dimwitt. Look at the national median household income.
Compare that to the average home price, and apply current interest rates.
Now look at CC debt, and median savings.
You can CLEARLY see that housing is not affordable for the majority. No one will be able to buy a house, because they CANNOT AFFORD to buy one.
So what happens to those who need to sell? What do you think homeowners, looking to sell, would be forced to do?
Supply has been increasing since 2021 (more houses are available for sale) and buying has slowed down dramatically.
This implies that supply is high, and demand is low. And what do we all know about supply and demand???
You think assets will retain their value due to inflation?? That will not save your assets when NO ONE can buy them.
This is basic economics, and after reading all of your posts, I can only assume you're retarded and have NO idea what you're talking about.
Pic rel

[Anonymous No.55956773]

>>55956756
Pic rel

[Anonymous No.55956788]

>>55956773

[Anonymous No.55956797]

>>55956788

[Anonymous No.55956802]

>>55956797

[Anonymous No.55956815]

>>55955335
>he thinks the rates are going down before the election

[Why? No.55956821]

>>55955926
how about you work until you die? Kek

[Anonymous No.55956895]

>>55956756
The thing is the median income earner doesn’t buy the median house. The bottom 30% of the population are permanent renters or gibs recipients. The the person buying the 50th percentile house really has a 70th percentile income. And because of the increasingly K shaped nature of our society, the 70th percentile earner is actually doing pretty well in this economy.

[Anonymous No.55956929]

>>55956895
Remember, the bottom 30% of the population are genuinely subhuman, dead end, NPC, useless eater, service worker slaves. They are non-economic entities. You are not competing against them for assets and resources, you are competing against the top 70% only, so “median” statistics can be misleading as a measure of how you are doing on a relative basis.

[Anonymous No.55957000]

>>55956756
>That will not save your assets when NO ONE can buy them.

blackrock still can :^) we're going to see the rentoid apocalypse where everyone who was stupid and didn't hodl their house and land will be renting from corporate landlords forever and ever.

[Anonymous No.55957098]

>>55956802
My nigga. You are wasting your time. Let the sheep get slaughtered and laugh at them later.

[Anonymous No.55957137]

>>55956756
>>55956773
>>55956788
>>55956797
>>55956802
I agree. What makes me hesitate is the GDP growth is close to 6% for this quarter. Meaning the economy is doing very well. Maybe they can pull of the soft landing afterall?

[Anonymous No.55957141]

>>55957000
>we're going to see the rentoid apocalypse where everyone who was stupid and didn't hodl their house and land will be renting
They are going to lockdown again and there will br another year and a half rental freeze, cope and seethe

[Anonymous No.55957335]

>>55957141
lol you're probably right

[Anonymous No.55957500]

>>55956773
what the FUCK is that system font

[Anonymous No.55957592]

>>55955503
>millions of buyers ready

Bullshit. These “buyers” all say they want to buy but they didnt when it was cheaper and lower rates and rbey had higher savings. These “buyers” have student loans, massive car payments, credit card debt, and are likely unmarried. If prices crashed 20% overnight, when really itll take a couple years, they would still be on the sidelines.

[Anonymous No.55957919]

>>55955280
Record-shattering amounts of immigration and completely opening up property to foreign investors?
Imagine pretending to be a country when a foreign national/business can literally buy your land. Lol.

[Anonymous No.55958046]

>>55956802
>>55956797
>>55956788
>>55956773
>>55956756
now put all these charts alongside the QE rate and youll realize it was just printed nominal value all along. no real value was gained. they kept food mostly cheap to fool you into thinking money is worth what it was pre2020.

you fuckstains keep forgetting the most important fucking words

QUANTITIVE. EASING. QUANTITIVE. EASING. QUANTITIVE. EASING. QUANTITIVE. EASING. QUANTITIVE. EASING. QUANTITIVE. EASING.

YOUR MONEY HASNT BEEN REAL MONEY IN 15 YEARS

[Anonymous No.55958055]

>>55955673
>we havent even seen the real bubble yet.
We're just cooling off for the next leg up.

[Anonymous No.55958057]

>>55957592
You must associate yourself with the bottom 30% of earners. get off my thread you filthy rat. go try to haggle some business owners for free money like the rest of you fucking pests. you deserve everything that happens to you.

[Anonymous No.55958063]

>>55956929
Nope globally it's circa 75%.

[Anonymous No.55958065]

>>55958055
hey fuckstain, QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING QUANTITIVE EASING

your money is not money anymore.

[Anonymous No.55958083]

>>55958065
>this time it's different

[Anonymous No.55958095]

>>55958083
you are actually blind and/or ignorant. never said a crisis wouldnt happen. but if youre long soon to be useless USD, backed by your woke tranny military hegemony, you have a lot of pain coming your way.

[Anonymous No.55958109]

>>55955483
This dude fucks, they print a bajillion dollars a day and those tbills at 5+% print more. The money printing means the home is gonna hedge how they tank the dollar.
Also, no one is moving without foreclosure because we cant afford the rates. Theres downward pressure but food costs a fucking fortune. The money is inflating bad because they print so much, but they cant print more land

[Anonymous No.55958119]

imagine going long on USD backed by this LOL
USA is the joke of the world and everyone is sick of our games and Globohomo communal subjugation. they know the USD keeps them as indentured slaves. and this is the face of the person extorting them. wont last long.
rentoids go back to your weed GME and vidya. adults are talking

[Anonymous No.55958126]

>>55958119
forgot pic

[Anonymous No.55958148]

>>55955730
>Just shaking out the paper hands

[Anonymous No.55958151]

>>55958119
Theyre just mad they cant buy treasury bonds with higher rates than their mortgage
All things aside with usd becoming fucking worthless, we can clearly see they will print the face value to pay us back, and the more worthless the money becomes the easier the mortgage is with foreign hedges
Called this shitshow years ago, bought on cheap leverage in covid, gonna fucking use shit short term bonds to stay liquid at above the mortgage rate
Wait till the interest deduction limit is repealed and you can earn 5+ on bonds against some shit like a rate that looks around 2% with the deduction.

[Anonymous No.55958167]

>>55958148
enjoy the rate drop. know that sinking feeling every time you check home prices? its coming back.

and LOL @ YOU if you think your job is safe during a GFC. you wont have an income to "scoop cheapies" You better hope im right or you, as a poor rentoid, will suffer the hardest during a housing collapse. go back to DRSing ur strip mall arcade shares

[Anonymous No.55958182]

>>55957919
Hi I'm back

The immigration to my state does not offset the natural deaths or people leaving the state. This is the case in many states now. The average age in my state is almost 50 years old. It's over.

[Anonymous No.55958184]

>>55958151
this is a thick brain right here. ur gonna do alright bud.

[Anonymous No.55958187]

>>55957137
>there is no inflation
>inflation is transitory
>there is no recession
>we will achieve a soft landing
(YOU) are here
>it will be a mild recession
>here are the top 10 reasons why a recession is a good thing

[Anonymous No.55958226]

>>55958167
>See you this time next year!

[Anonymous No.55958227]

>>55958182
The money is fucking worthless dude. The usa does not produce shit and prints enormous amounts to fund stupid bullshit across the world. There will be a shit ton of dollars, interest rates will have to explode to get new debt, and this will all make money worth shit
The real estate is the hedge of value here since its not fundamentally valued in funny money. Any easing supply issues are going to get erased by the zimbabwe dollars the government cant stop fucking printing after covid
Minus just the supply and demand of dollars, the entire world is sick of our shit and looking for alternatives to usd as the prime currency. Thats going to fuck it up even worse

[Anonymous No.55958230]

>>55958226
i stopped listening to your type since 2015 and im so glad i did. weve been on the brink of collapse since 2011. you must be new

[Anonymous No.55958274]

>>55955280
You know some Chinese and rich Arabs can easily invest in properties in muttland, right?

[Anonymous No.55958303]

>>55958274
Not only that they can get easy money from their government to do so considering it's a strategic advantage. You think any mutt can walk into China and buy up property. Fuck no. But any chink can walk into diversity is our strength Muttland and buy up prime farm acreage.

[Anonymous No.55958317]

>>55955280
I'm starting to think there are people property hording and speculating.

[Anonymous No.55958337]

>>55955673
Dual income households have been the norm for like 50 years dude. Wtf are you smoking?

[Anonymous No.55958356]

>>55955334

Cheap debt and government spending spiralled out of control. Western currencies largely maintain their global purchasing power due to their stability comparative to other nations. We're either taking interest rates running to 15-20% and undergoing a major recession or undergoing global economic collapse during which domestic civil unrest and crime will be maintained by entering in war with other nations.

[Anonymous No.55958992]

>>55955219
"c'mon goyim don't you want to pay us 4x your house value? Trust me and buy now otherwise it will only go up even though a depression is going to hit soon"

[Anonymous No.55959019]

>>55955324
>pre 2008 our money was real
*1971

[Anonymous No.55959323]

>>55959019
*1914

[Anonymous No.55961153]

>>55958046
listen to him. money is garbage now.

[Anonymous No.55961983]

>>55959323
*1837

[Anonymous No.55962340]

>>55955324
There's so many boomer air bnb slum lords they'll Crack eventually they're stubborn but it's only a matter of time

[Anonymous No.55962488]

>median income
>median mortgage payment is greater than 100% of your take home pay
>not a bubble

[Anonymous No.55963173]

>>55956756
>What do you think homeowners, looking to sell, would be forced to do?
Did you forget that corporations and foreign investors are still eager to slurp up anything they can?

[Anonymous No.55963214]

>>55955324
>USD is fucked
it has never been stronger retard

[Anonymous No.55963219]

>>55956756
Someone explain how raising interest rates this much would cull inflation? Buying a house is essentially putting your money in the bank for 25 years. Now people can't buy houses anymore, and it looks like they never will, what is making them save dilligently? Why would this not incentivize people to consoom at even higher levels just out of frustration and boredom?

[Anonymous No.55963240]

>>55955335
Why would anyone think this? We've had free money since 2008. Interest rates are going to 21% and you'll be dead before it goes back to the single digits.

[Anonymous No.55963292]

>>55963219
A low interest rate means that there is more credit available i.e. more money. If the interest rate is 2%, I'll take out $500k and make a bunch of additions to my house and buy myself a brand new motorcycle while I'm at it. If it's 7%, maybe I just take out $8,000 and buy a used car. In the first scenario more cash is entering the economy.

[Anonymous No.55963335]

>>55963292
Yes, but you are missing the fact that the situation is so dire now that the housing market is seemingly coming to a halt. Those that don't yet own, are completely priced out. They can't even settle for smaller homes. There are no options. Most young people feel as if owning a home is not even a hope for the future, so what else is there than consume or drop out of the economy?

[Anonymous No.55963351]

>>55963219
>>55963292
Additionally a high interest rate means money exits the economy faster. If I take a small $5k loan at 2% interest to pay it off in 5 years, I'll pay out about $260 in interest towards the loan. At 7% I'd be shelling out over $900 in interest for the same time period.

[Anonymous No.55963677]

>>55963173
>Did you forget that corporations and foreign investors are still eager to slurp up anything they can?
You mean, like these guys?

[Anonymous No.55963757]

>>55963219
>Buying a house is essentially putting your money in the bank for 25 years.
Have you ever heard of this wonderful thing called property taxes?
Do you know any bank that will charge as much to keep an open account, versus paying property taxes?
If you're not a vet, you should really think about what you're stating here.

[Anonymous No.55964021]

>>55955324
>He doesn't know what happened to home prices in hyperinflation germany