There won’t be another housing crash

[Anonymous No.56971423]

The only reason 2008 happened was because of CDOs, credit default swaps, and shitty rating agencies, which led to a bunch of subprime mortgages. All those factors are exclusive to 2008.

Houses and land are a limited commodity (only a limited amount of land and they have to be actually desirable, i.e. near a metro area, living space, etc.) Building a bunch of houses/ghost cities China style would devalue the housing market as a whole due to basic supply and demand as well as; the costs of building real estate (i.e. wages, materials and labour, maintenance), and zoning laws, employment, desirable land. They can just target whales like the super-rich or other speculators who are willing to buy. How m

Housing prices are based on speculation, like stocks, and the utility of people living in them isn’t that important.

The only way this will change if is mass discontent and riots happen, which is unlikely judging by the last 200 years, or the Fed intervenes.

>But the dot-com bubble
Only because of the surrounding hype from being a new industry. Housing isn’t novel.

[Anonymous No.56971433]

>>56971423
there are many rumblings about shady loans taken out for short-term housing aka Airbnb's.

[Anonymous No.56971866]

>>56971423

Haha

Who said there would be
Everything inflated now

[Anonymous No.56971880]

Housing is not going to appreciate nor crash from these levels. We're going to crab and move sideways, but accounting for inflation, will actually decrease in price, for the next 10 years, sorry sweaty

[Anonymous No.56972645]

When inflation kick in harder once BRICS makes USD fiat useless, housing prices will fly and crash. nobody can afford the cost of living and will be forced to sell, it will be a race to the bottom as the hedge funds and big money buy the houses from people who can't afford them. The point is to make everything so expensive, everyone but the few 1,000,000 people on top are rich.

[Anonymous No.56972678]

>>56971433
It's honestly wild what kind of financial Jenga towers people built.

[Anonymous No.56972901]

>...factors are exclusive to 2008

Wonder what's going on with the CMBS market rn...

[Anonymous No.56972943]

>>56972901
They wouldn't pull those old bullshit tricks again and bigger, just in another sector, would they?

[Anonymous No.56973028]

No nominal crash. Housing has been falling in real terms since '71, and continues to freefall against Money (BTC)

[Anonymous No.56973124]

>>56971423

You're an absolute genius OP! Thank you so much for providing us with this information!

[Anonymous No.56973132]

>>56971423
That's why I'm buying a few acres of land and getting a modular home built. Total cost will be about $300k.
Not bad.

[Anonymous No.56973188]

>The only reason 2008 happened was because of CDOs, credit default swaps, and shitty rating agencies, which led to a bunch of subprime mortgages. All those factors are exclusive to 2008.

>Houses and land are a limited commodity (only a limited amount of land and they have to be actually desirable, i.e. near a metro area, living space, etc.) Building a bunch of houses/ghost cities China style would devalue the housing market as a whole due to basic supply and demand as well as; the costs of building real estate (i.e. wages, materials and labour, maintenance), and zoning laws, employment, desirable land. They can just target whales like the super-rich or other speculators who are willing to buy. How m

>Housing prices are based on speculation, like stocks, and the utility of people living in them isn’t that important.

>The only way this will change if is mass discontent and riots happen, which is unlikely judging by the last 200 years, or the Fed intervenes.

>>But the dot-com bubble
>Only because of the surrounding hype from being a new industry. Housing isn’t novel.

[Anonymous No.56973212]

>>56973188
Wasted digits on schizophrenic sloppy copypasta.

[Anonymous No.56973262]

>Wasted digits on schizophrenic sloppy copypasta.

[Anonymous No.56973384]

>>56973028
Not falling against the only REAL term, people's wages.

[Anonymous No.56973713]

>>56971433
There are around 20 fucked up Airbnb's in my zip code alone. Around 12 is the next zip code. All were bought on hard money loans during 2022, so they bought them at the all time high. They've all dropped around 60k in price from the tax assessor's price. A couple of them have recently just gone up as long term rentals; but the issue is that long term rental price can't cover the loans. They're all at least 2 years behind on property taxes. Full real estate blow out is coming soon to a neighborhood near you.

[Anonymous No.56973724]

>>56971880
This is probably what happens

[Anonymous No.56973759]

>>56971423
>Crash
>LOL
Imagine being a landless peasant, even a 1/10 of an acre lot is better the nothing

[Anonymous No.56973786]

>>56973188
average AIposter

[Anonymous No.56973846]

>>56973759
yeah dude having house totally sucks bro, I HATE owning. every single girl wants to date me and if I feel like going into a shit neighborhood, I have to travel there! such a waste of time. And the girls, annoying! I wish they'd leave me alone. I should probably give up this overpowered status symbol, I HATE having options!

NOT to mention it's sooooo lonely! everyone my age is renting!

Jokes aside, my favorite part about owning property is the look on peoples faces when they ask me how much my rent is. It's like a glitch in the in the simulation when I tell them I don't have any rent payment because I own the building.

[Anonymous No.56973911]

Are you broke and have only 10 bucks to invest? Then check this guide

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[Anonymous No.56973973]

Are you broke and have only 10 bucks to invest? Then check this guide

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5

[Anonymous No.56973989]

>>56971423
>The only reason 2008 happened was because of CDOs
it was a dollar shortage, nothing to do with RE specifically

[Anonymous No.56974035]

Anybody have a link to that real estate forum thread from 2007 where they were saying a crash can't possibly happen?

[Anonymous No.56974077]

>>56971423
Houses worth more than the loans during spiraling inflation. Go Figure.

[Anonymous No.56974122]

>>56973384
What a good little slave! You get paid less and less each year but instead of demanding more you cry that things are too expensive. Median household income in 1970 was 235oz of gold, you get what you fucking deserve for accepting currency as money

[Anonymous No.56974738]

>>56973132
Very based. I’m considering doing that myself and building a bunker underneath

[Anonymous No.56975011]

>>56971423
this has "bought a house in 2023" cope written all over it

[Anonymous No.56975091]

>>56971423
>This time it’s different
Famous last words.

Im not saying a crash is coming soon but peoples memories are short term and as time goes on they fall for the same ass raps and mistakes and will do so again on a long enough timeline

[Anonymous No.56975825]

Housing will never crash, why would it? Population is growing. Rent is going up.

I wish it would crash, yeah my 400k home would lose 40k. But that 800k home I would upgrade to would lose 80k

In the meantime If I rented I'd have lost roughly 100k anyway. And gained nothing

You cannot lose

[Anonymous No.56975858]

>>56971880
Kek there's no way we're NOT in a bubble, the RTM will be delicious

[Anonymous No.56977176]

>>56971423
Housing has already crashed, the owners are just too afraid to admit it.
People on a fixed mortgage rate of 3%, their homes are already 2-3 times more expensive than they bought them for because mortgage rates have gone up.
Can they still sell these homes to new buyers at these new prices? Lol, no.
This isn't a good thing if you're on a fixed term 3% mortgage payment either. It means you're in negative equity but with manageable payments. You can't move because your property isn't worth what you bought it for. You're stuck paying it off for the full term unless interest rates fall.

[Anonymous No.56977250]

Are you broke and have only 10 bucks to invest? Then check this guide https://pastebin.com/wAxve1Fu

[Anonymous No.56977277]

>>56971880
We have a currency problem the housing problem is just a symptom, they will keep selling mcmansions and the line vill go up. Fags MUST drop their generational wealth into a megamcmansion sinkhole where they will raise their mixed fag children. The last boomer MUST get their investment back on their deathbeds or they won't be able to pay the barge skipper.
Line go up until then. Then line go down at least 50%

[Anonymous No.56977281]

>>56973846
You pay rent to the bank.

[Anonymous No.56977334]

>>56977281
Oof. Horrible rentoid cope!

[Anonymous No.56977342]

>>56975825
You make good points. I'm a home owner sitting on a 2.9% 30 year fixed from 2018. Inflation is paying my mortgage interest easily.

You forget the biggest pitfall of homeownership that nobody here is talking about.

The coming debt bomb and the massive underfunded public service pension bomb.

Who are the EASIEST people to raise taxes on?
Who are the people who have the hardest time to move to avoid rapacious taxes?
Who are the people who have children who make it even harder to flee to lower tax jurisdictions?

Its us homeowners buddy. All these government cucks are just licking their lips looking our fat nest eggs.

Renters have many problems, but not this one.

[Anonymous No.56978781]

>>56977342
you are a loan-owner
i'm a Homeowner, i paid cash
cucky boy

[Anonymous No.56978834]

>another housing crash can't happen because it's not 2008 anymore
Please tell me you're a highschool student with a poor grasp on how things work and not an adult who's actually this fucking stupid

[Anonymous No.56978870]

>>56978781
Paying off your home loan early is retarded. You're just putting a target on yourself for lawsuits because peeps can run a quick title check and see your hoise is paid off. Four mexicans are going to get in a car and brake really hard in front of you, get rear ended and sue for whiplash. Happens all the time in US.

Also, if your mortgage rate is below the T-bill rate paying cash for a house is double retarded. Ie. Paying $400k for a house cash rather than paying $80k deposit and 30 year fixed at 3% while putting the $320 k into a 5.9% 20 year Treasury is peak /biz/tarded.

Still doesn't address the tax issue coming down the pike at us homeowners.

[Anonymous No.56979422]

>>56978870
That's what I did. My interest rate less than 3% and I put 20% down. It's also a multi unit building so most of the mortgage is paid by other people. I really did get lucky though because I bought from the landlord directly w/out having to compete with other offers. What happened to me was massive luck, I happened to have plenty of cash from crypto profits, interest rate timing, 40 year owner selling to me directly, multi unit home, nice white neighborhood. almost impossible to replicate this....