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/biz/ - Business & Finance


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56135815 No.56135815 [Reply] [Original]

Don't you see whats happening? Home prices are still rising even with 30 year mortgage rates at 7.5% or 20 year highs. That means when rates get cut next year back to a normal 6% 30 year loan, home prices will keep going up. Just understand, please, that a housing price crash is NOT happening. Its fucking over for renters. Home owner chads, well done locking in those sub 5% rates

>> No.56135874

Here in Australia from the 1950s to 1990s you had average people, even poorfags, buying homes in their 20s, it was just something you did, nothing special, like, there was no status associated with owning a home, it was just expected.

Now buying a home in your 20s makes you some what high status within normie circles.... now dont get me wrong, I didnt mean high status like a celebrity, I mean high status, in that you're defined as being "above" the rapidly growing class of renters.

I'm 35 and nearly every single person I know has had a ton of help from their parents to buy a house, and Im talking people with good careers that pay well, not just random retail workers or something. The kind of people im talking about who had to get help from their parents to buy a house (now in their 30s) are people who work jobs that if they worked those jobs in the 1990s, they would have been able to easily afford living in upper class areas.

So its not just average people impacted, people in "high status" careers can't even afford to buy in the areas they were once able to buy in the 1990s with the same high status career.

Everything is so fucking min-maxed now you really do have to work outside the rules, or get help from your parents (if they can even afford to help you, or want to help)

>> No.56135881

>New paradigm

>> No.56135882

>>56135815
Just raised the rent 10% on my other house. Basically a money printer and it's only going to get more profitable as time goes on.

>> No.56137230

>>56135815
House prices change inline with immigration. Destroy the airports and house prices go down

>> No.56137253

>>56135815

whats with these housing threads popping up lately? Housing market to the moon right? this sounds so bullish.

>> No.56137616
File: 87 KB, 728x745, 1693856642569769.jpg [View same] [iqdb] [saucenao] [google]
56137616

>>56135815
>wages aren't keeping up
>prices will go up forever
>this is the new normal
>it just works, trust me bro

>> No.56137636

>>56137616
Only retards rent.

>> No.56137667
File: 280 KB, 571x526, 1694817454640869.png [View same] [iqdb] [saucenao] [google]
56137667

>fat retard whose net worth is tied up in housing says line go up

>> No.56137761
File: 34 KB, 763x432, psychology-of-asset-bubbles.jpg [View same] [iqdb] [saucenao] [google]
56137761

>>56135881

>> No.56137790
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56137790

Thats okay rentoids you can live in my house for 50 percent of your meager wages per month. Meanwhile I will be living at my moms house for zero dollars per month

>> No.56137809

>>56137636
>Not buying a depreciating asset at the top of the market bubble at 8% interest
I guess I'm retarded, good luck selling though

>> No.56137822

I fucking hate renting...I have some mongoloids coming to install shit in a couple days and I won't be home. Fuck apartments no privacy crazy expensive for garbage I hate this shit

>> No.56137848

>>56135815
My rent is $1500. Why would I want to buy and double my payment? lmao.

Housecucks are retarded

>> No.56138439

>>56137848
My mortgage payment is $750/mo

Half of it goes to equity.

>> No.56138453

>>56135815
this along with everything else is going to cause a wagie uprising akin to the french revolution within the next 10 years

>> No.56138466

>>56135815
I dunno, I'm renting and I'm about to hit the FDIC insurance limits in money in short-duration tbills so I'm pretty sure I'll be able to lowball some boomer in the next 2-3 years when catfood gets too expensive

>> No.56138496

>>56138439
lmao what country? must be piece of dog shit if its in the US

>> No.56139296

>>56138496
House is in US. Worth 420k. Bought in 2013.

>> No.56139498

>>56139296

in an underdeveloped shithole though

>> No.56139607

>>56139498
Where ya goin with those goalposts, son?

>> No.56139631
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56139631

Fucking BASED

my shitbox apartment in city center of Oslo i bought for 400k is now 750k

Kill all renters, and/or behead all renters

>> No.56139769

>>56135815
Have can the housing prices go down, when you keep importing new people who need houses, and supermarkets, and churches and entertainments and schools?
You can’t!
Anyone one who think “diversity” is good, and open border is great deserve to be a rentoid anyway

>> No.56139828
File: 12 KB, 334x151, 1695019736450127.jpg [View same] [iqdb] [saucenao] [google]
56139828

Why would you rent or buy when you can simply live in a tent

You guys are overthinking it. You can buy a Coleman for $50 at Walmart. With a tent, you can live anywhere

>> No.56139937

>>56135881
Correct.
>>56137761
>muh meme chart
Imagine believing some MSPaint bullshit drawn by a retard instead of the actual reality in front of you.

>> No.56139986

>>56135815
Prices are already 10%-30% down from last year. Cope mortgage cuck.

>> No.56140019

>>56139296
Oh I see. Yeah I guess I should’ve bought when I was in 8th grade.. guess I’m the retard huh

It’s almost like boomers and genX are clutching pearls. Us millennials and GenZ that couldn’t afford afford the prices before are stuck in a low rate that we managed to scrap up in 2020 but still have to both work full time to make means or have roommates. Or we received help from parents, which usually doesn’t end well when dealing with older Indian giver generations.

>> No.56140024

>>56139296
So your house was $150k in 2013 and now is worth $420k?

>> No.56140044

>>56135815
Why should I care about what some tv chef says about housing?

>> No.56140045

>>56140024
Lol he probably paid close to 100k in repairs interest taxes and tip for his box by now.

>> No.56140059

>>56135815
sell signal

>> No.56140075

>>56139607
that sounds like a yes lmao

>> No.56140142

>>56135815
I'm not expecting them to go down, I'm just not expecting them to keep going up. BIG DIFFERENCE. Enjoy your stablecoin faggots.

>> No.56140171
File: 287 KB, 800x732, 1678115166647150.png [View same] [iqdb] [saucenao] [google]
56140171

>>56140059
THIS, for real

>> No.56140184

>>56135815
>>56135882
>>56137636
>>56137790
>>56138439
>>56139296
>>56139631
>>56139769
>>56139937
Kek baggies

>> No.56140210

>>56135815
I work remotely and move every single year. To smaller and smaller towns. Still paying < $850 / mo. Which is high for the poor locals in my area. As soon as local rent in these small towns hits $1000 or so, I WILL be going to the 3rd world (on a 150K+ salary) and there's NOTHING you can do to stop me. Meanwhile, your home is going to be devalued over time, as diversity moves in.

>>56139631
Good luck trying to sell it.

>> No.56140223

>>56135815
You are late on the new trend : just accumulate Bitcoin and travel around. Bitcoin is a virtual house that goes up faster than any other asset in the world. Sith Bitcoin, a house is not needed anymore.

>> No.56140340

>>56140223
Orangepilled

>> No.56140372

>>56139631
did you sell for 750?
or are you still holding?
I'll offer 1 eth for your apartment

>> No.56140502
File: 263 KB, 1200x676, hammock pnw.jpg [View same] [iqdb] [saucenao] [google]
56140502

>>56140184
Me and my woman are hammock camping patricians. Lower your tone when speaking to us.

>> No.56140740

>>56140024
Thats close to what it is here, in 2013 a new starter home was about 180k now its around 330k
for a meme glue sawdust plastic siding American house
Mine was built in the late 60s and is much more stout

>> No.56141331

>>56139828
I'm going to actually do this. I'll save money by lowering the property value of the hoomers.

>> No.56141344

>>56139828

Based and Portlandpilled

>> No.56141358

>>56135882
People like you and Dave Ramsey are going to burn in hell for all eternity

>> No.56141361

>>56135815
>1pbtid by some chud who can barely afford the mortgage on his $113k meth shack in sistercreampie, niggerbama
sad!

>> No.56141378

>>56140210
>Good luck trying to sell it.
Part of the problem in my area is homeowners that aren't flippers or landlords are essentially trapped in their properties as anything worth it is sitting >$600K and most of these boomers bought at ~$70K and are sitting on ~$375K

>> No.56141384
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56141384

>>56137253
/biz/ is flooded with agenda posting because it pays

>> No.56141486

>>56135815
Listen, you probably won't understand this but nobody with a mortgage owns a house. So you can laugh at renters like myself, paying $600 a month on a 1 bedroom apartment, but I'm not taking out a variable rate mortgage for a similar place just for a piece of paper that entitles me to paying insurance, property taxes, all expenses, repairs costs, etc. when I will never own the house even after 30 years. Mortgages are for midwits.

>> No.56142129
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56142129

>>56135815
>>56137636
>>56139937
>>56140502
Good Luck,

Mike

>> No.56142318
File: 316 KB, 1106x790, home prices.png [View same] [iqdb] [saucenao] [google]
56142318

>>56139986
Only out west and in shit lib cities

>> No.56142369

>>56135815
>rates
Just bought the freehold for mine at auction instead.

47k upfront. Done. Dusted. Simple. Rustic. Yeah......!?