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/biz/ - Business & Finance

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56313846 No.56313846 [Reply] [Original]

Are home prices ever going to retract in a major way? Every time I go on Zillow I lose a bit more faith. All the affordable homes are either complete unlivable renovations, in the hood, or uncomfy mobile homes. Is this just all part of a real estate cycle, or has muh airbnb fucked homeownership in America for good?

I don't want to live with negroes and want a backyard for my dog. What do?

>> No.56313850

>>56313846
probably or just crab while the real cost versus inflation drops

>> No.56313856
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56313856

Face it anon, if you didn't buy within the past 5 years, you're never going to own a home. Your only hope is that politicians pass some legislation to make things easier (restrictions on rentals, etc) but that will never ever ever happen, so...
Maybe look at South America.

>> No.56313860
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56313860

>>56313856
I said i don't want to live with negroes (Spicy latinos are the same) ...I'm white. I guess I should just go all in on crypto and pray

>> No.56313861

>>56313846
the american dream is to get a passport and move out. this country is fukkk

>> No.56313887

>>56313860
how embarrassing a white guy that is poor. cringe

>> No.56313903
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56313903

>>56313846
I SEE IT

>> No.56313905

>>56313846
No. even if there are massive layoffs and foreclosures, blackrock and the rest of the LIC will just buy everything up.

>> No.56313927

>>56313860
There's absolutely no reason to stay in the US if your parents aren't helping you. Everywhere else is cheaper.

>> No.56314018
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56314018

>>56313887
Show hands nigger

>> No.56314100

>>56313846
There is only one realistic scenario in which home prices significantly contract: A horrible economy where many millions of jobs are lost. This is the only way the fed will drop rates back to pre-2020 QE levels. This will start a frenzy in the housing market, temporarily driving prices up further, until the pent up demand of currently sidelined buyers subsides and the current set of "locked-in" owners have sold and moved. Only then will prices begin to adjust back to more normal price to income ratios.

>> No.56314109

>>56313846
Housing market will not crash. The business market will and the layoffs will make a lot default and black rock will swoop in to buy equity in their houses, saving many from eviction. The equity will be put on the blockchain and packaged in etfs. Eventually people will be able to buy shares of homes to trade on the market. This is what they mean by you will own nothing.

>> No.56315100

>>56313846
I want you to zoom out, and notice that 2008 truly was an anomaly inside a long term trend. Look at housing markets in other countries and consider why they perform differently. Then look at the US market again with fresh eyes and ask yourself: is it really over?

>> No.56315109

>>56314109
Blackrock already said they're selling.

>> No.56315123

>>56313860
Kys loser

>> No.56315346

>>56313846
It's because we are still near the top. Go on Reventure Consulting and look at the average home price/income ratio. Buy a house in 3-5 years and catch the generational bottom.

>> No.56315349

>>56315346
https://www.beta.reventure.app/dashboard

>> No.56315760

>>56313887
this
at this point blame your ancestors not the government you had centuries to make it