/biz/ - Business & Finance

[Anonymous No.57127128]

Mortgage rates are 6.61%.. What do you think the spring/summer housing market will look like?

[Anonymous No.57127195]

>>57127128

what do you mean anon? Housing market is strong and crabbing.

[Anonymous No.57127223]

>>57127195
Do you think lower rates will lead to a 2021-esque blood bath? Will we see love letters to sellers, best and highest in 4 hours, and $20k over asking?

[Anonymous No.57127280]

>>57127223
It will only be a bloodbath for those that are short selling housing (renters).

The second most scarce resource on the planet (after attractive 20-something year old pussy), is a single family house in a white town with good schools and low crime. Buying one of these houses is like catching the last chopper out of ‘Nam. Prices will react accordingly.

[Anonymous No.57128117]

>>57127128
If rates drop to low 5%'s some people will be ready to buy, BUT the inventory will double as sellers see this as their chance to unload before rates go up again. Before the end of 2024 the rates will start hiking again and we'll see 11% in 2025.

[Anonymous No.57128184]

>>57127128
No one is selling

Poorfags are priced out

S&P back to ATH

Going to continue to crab

>>57127223
>Will we see love letters to sellers, best and highest in 4 hours, and $20k over asking?

Only poorfags do that and they can't afford anything at 6.5% rates

[Anonymous No.57128201]

>>57128184
The lower rates go, the higher the value of my house rises.
I'm not selling until I can get 2x what I paid in 2021.
/simpel as

[Anonymous No.57128214]

>>57127128
It going to be ungly.

[Anonymous No.57128216]

>>57128201
I'm not selling period, I'm locked at 2.625%

[Anonymous No.57128244]

>>57128184
I'm not a poor fag, mt household income is $200k. Do I stand a chance?

[Anonymous No.57128248]

>>57128216
Based... I got 2.75% for 30 years,
Yes, I could pay it off right now with my investment gains. No, I'm not going to.

[Anonymous No.57128251]

>>57127280
>those that are short selling housing (renters).
Rental demand is a buying pressure on real estate as a whole. This is the dumbest comment I've read all day
> most scarce resource on the planet (after attractive 20-something year old pussy)

Hot young pussy is abundant and everywhere. Not only are you stupid, you're a stupid simp. As expected, not the best and brightest posting on /biz/

[Anonymous No.57128269]

>>57128248
My normie friend was bragging about how he paid his off

Had a 3.25% rate

[Anonymous No.57128295]

>>57128244
My genuine advice is to buy now and refinance later if/when rates go down. The longer you wait, the more fucked the housing market will get.
>>57128269
Who needs simple math when you got "muh peace of mind"

[Anonymous No.57128303]

>>57128295
Fair enough. The aha moment for me was when someone told me to look at Canada...it's been getting worse and worse for as long as I've been alive. And that's America's future.

[Anonymous No.57128318]

>>57128303
Exactly. The vast majority of America housing is still relatively "cheap" when compared to Western Europe, Australia, Canada, etc.

[Anonymous No.57128323]

>>57128269
Literally me. Paid it off in full at just over 3% despite guaranteed returns of 5%+ with Tbills. I don't regret it. Debt is slavery.

[Anonymous No.57128331]

[Anonymous No.57128344]

>>57128323
It's terrifying man. Feel like I've got 2 years left to buy a house before shit boxes turn into 7 figures from coast to coast.
In my town now, there's a few $500k houses that I'm about to jump on and make offers, because I feel like it's going to get worse long term.

[Anonymous No.57128393]

>>57127128
1/3 of us will be dead. Another third will be dying. The remaining 1/3 are drinking cockroach milk and eating cricket powder. We’re more fucked than a white european male at a foam party.

[Anonymous No.57128412]

GFC 2 in 2024.

Everybody claims it's a soft landing which is obvious bullshit. There has never been a soft landing.

[Anonymous No.57128441]

idc my home has been paid off for three generations now
the New Americans can fight over the scraps for my amusement

[Anonymous No.57128471]

>>57128441
You should be broadening your real estate portfolio then

[Anonymous No.57128473]

>>57128251
Renting is literally being short housing. By renting you:
>have no long position in the housing market
>are paying a borrow fee (rent) to the owner of the asset
>Since you need some place to live, you can either continue to rent (short) or buy a house (buy to cover)
>If housing prices go up while you are renting (short) you are fucked
>If housing prices go down while you are renting (short), you come out ahead, particularly if you invested cash that would’ve been used for a down payment on to go long a house earned a real return.

[Anonymous No.57128591]

>>57128251
> Hot young pussy is abundant and everywhere.
It’s extraordinarily scarce *relative to demand.* Just like housing in white towns with low crime and good schools.

[Anonymous No.57128750]

>>57128323
I really wish I was as stupid as you

Life would be much easier knowing that I could not only throw away tens of thousands without regret, but brag about it to others without care

[Anonymous No.57128906]

>>57128591
>white towns with low crime and good schools

This is important, I would also add to buy homes that they don't build anymore, i.e anything other than 2-story homes crammed close together on small lots in HOA communities

Lakefront property is never a bad purchase

[Anonymous No.57128922]

>>57127223
No. The Fed knows this and will only lower rates if they are expecting a recession (which yes it’s coming)

[Anonymous No.57128936]

>>57127223
Yes. Inflation is too broad for it not to. Maybe not all markets like 2021, but valuable homes, absolutely more 10% YoY, at a minimum.