2024

[Anonymous No.57285845]

Should I buy a house this year?

[Anonymous No.57285886]

>>57285845
Not that Florida peice of shit.

[Anonymous No.57285896]

No not this year. Wait until the housing bubble bursts and buy up cheap. You can do this in other countries too at that time

[Anonymous No.57285936]

>>57285896
Why would there be a bubble? More rich Chinese and Indians arrive every year. More Mexicans arrive constantly, forcing working class Whites to buy in more expensive areas. More supply is owned by hedge funds every year and they can stay solvent indefinitely. There's no reason why housing would go down.

[Anonymous No.57286051]

>>57285936
That's why I said do it in other countries, potentially. It doesn't matter so much either about third world immigrants, there is assuredly a massive housing bubble in most western countries.

[Anonymous No.57286385]

>>57285845
you should buy a house when you want one and can afford it, none of us have the statistical edge to reliably tell you when the market is gonna crash

[Anonymous No.57286392]

>>57285845
It took 3 years for 2008 top to bottom. Assuming top was 2023, probably best to look in 2025-6

[Anonymous No.57286402]

https://www.redfin.com/CA/Fresno/2704-N-Burl-Ave-93727/home/176216804

500k, 2000 sq ft, but i actually do like the yard. I'm sending this to my Chinese millionaire friend now, thanks dude

[Anonymous No.57286405]

>>57285845
>Should I buy a house this year?
To rope yourself in when the market crashes? Probably.

[Anonymous No.57286409]

paying 1 million dollars for a house feels like a rip off

[Anonymous No.57286421]

>>57285845
that looks like more of a garage with a lobby than a house

[Anonymous No.57286446]

>>57285845
no, 2025 is THE year

[Anonymous No.57286468]

>>57285896
>Wait until the housing bubble

Yep another 2 weeks guys

Keep renting in the mean time

[Anonymous No.57286506]

>>57285845
>>57286402
literally BUILT for big blackrock

[Anonymous No.57286509]

I’m buying a 400k home here in AZ this year, at least that’s the plan we’re pre approved just gotta set things in motion.

[Anonymous No.57286625]

>>57286509
Which mexican part of the valley are you buying in at 400k

That doesn't get you into Scottsdale/Chandler/Gilbert

[Anonymous No.57286659]

>>57286468
My rent is 600 dollars a month and I pocket 3k, soon to be 10k once my tech job lines up. Meanwhile someone who has a mortgage doesn't really have a net worth that high, and you know that. Don't be so disingenuous you kike. I am 100k net worth (actual) not including 401k and tsp. A home 'owner' doesn't own it until the last cent is paid off on the house. Until then they are debt ridden slaves and I have ZERO debt. Imagine getting a mortgage in the current year

[Anonymous No.57286669]

>>57286659
>I pocket 3k

LMAO

Data doesn't lie

[Anonymous No.57286734]

>>57286669
Yeah boot, it's skewed just like cpi, inflation, covid numbers, jobless rates etc. It is used to fit a narrative. I wouldn't expect a debt slave to understand. You definitely sound like a west coast AZ faggot that's for sure

[Anonymous No.57286737]

>>57286659
Massive cope. I own a home and my net worth even including the debt of the mortgage is still 126k. 391k if you include the equity I hold. Bought a cheap place to lock in 30 years at 4%. Your payment is lower than mine but I'm not complaining at 1500 a month when my net after taxes is 10k a month.

[Anonymous No.57286742]

>>57285845
No. Wait until rates drop. Usually when they do, home prices bleed out.

[Anonymous No.57286748]

>>57286669
3k a month is pretty good for someone who doesn't have debt. Why are you so butt flustered? Also the ratios are way off in what you posted. That data is treating a mortgaged home as collateral but that is not real wealth, it's not really owning anything. A renter can easily save far more money than a mortgage cuck. But it depends on the area.

[Anonymous No.57286752]

>>57286468
>10k median
news to absolutely nobody, the mostly 20-somethings renting tend not to have much money
i had 900k net worth when we bought our house last year, but i guess it's whatever makes you happy

>>57286734
>west coast
>AZ
anon i respect your hustle, you live cheaply and are trying to grow your income, but that is rather braindead

[Anonymous No.57286759]

>>57286659
Based, keep cash flowing. Being young, single, and locking yourself to one location is a bad move.

[Anonymous No.57286765]

>>57286748
>3k a month is pretty good

BAHAHAHAHAHA

[Anonymous No.57286822]

>>57286737
His rent is low because his city doesn't have Intel, Northrop Grumman, General Dynamics, Vanguard or other financial sector jobs

He is a retail wagie at a mall

[Anonymous No.57287094]

>>57285896
> bubble bursts

Such a normie take. Honestly OP if you want to buy a house for cheap then your best route is going to be buying a foreclosed property or scoring one through auction. Buying a house full price these days is pure idiocy, and no you shouldn't be listening to those who go, "but but but but EQUITY BRO!!!!" Yes, EVERY property gains equity if you're in a high demand area, that's just how supply and demand works. If you buy a foreclosed or auctioned property like I mentioned above, then also make sure you aren't paying out the ass for renovating the property either. Learn how to renovate yourself or find some friends to help you save some money. Remember that the money is made at the negotiation table at purchase, not when you sell (if you don't understand, just buy cheap bro and renovate cheap bro).

[Anonymous No.57287350]

>>57287094
You're recommending a first time buyer with zero cash to go to auction and buy a house where homes only sell for cash

[Anonymous No.57287831]

>>57287350
Thank goodness I'm sure this obese goblina has plenty of valuable skills and will definitely not be a net tax drain! Imagine what would happen to housing prices without an endless supply of brown people?

[Anonymous No.57288393]

>>57285845
>buying a house
lol. lmao. It makes zero sense to buy a house today. It made sense 30 years ago, even 25 before the market started to get real distorted. Now with all the negative real economic growth (no, govt debt spending as gdp isn't real economic growth) and the demographics of the country being so completely messed up and so radically changed in such a short time on top of the country being so politically and socially volatile? It makes no sense to buy in cash now. For all anyone knows the country will be completely balkanized in 10 years and where you live will be a battleground in 15 years. No one really knows where this shitshow is going or how it will turn out, if it will have stabilized or devolved into conflict. Mortgaging a property is the only move that makes any real sense the last 50 years, given people need a place to live and with a mortgage you have at least something to your name at the end of it, that and heightened inflation that will go on for many years and is a fixed certainty long term anyways. The only problem is the mortgage apr's are too high on ridiculously inflated housing, and all that takes a back seat to the bigger issue of an unstable economy that has only limped on the last 15 years thanks to zero interest rates, so if you ever lose your job for a prolonged amount of time you're fucked and the bank takes the house and all the money you threw at the mortgage. And all of that is dependent on the before mentioned shitshow remaining completely stable for not just 30 more years, but even beyond, and who the hell seriously thinks that will happen?

[Anonymous No.57288403]

>>57285845
No, wait until you multiply the shit out of your money next bull first so like a year from now

[Anonymous No.57288416]

>>57286402
all these houses loaded with that fake wood look are going out of style in a hurry.
fake wood floor, cabinets, bathroom. even the tiny desk has to be made out of fake wood.

this is a sign of a top in the housing market. the y have to fill the house with cheapest materials possible to break even on the houseflip. and its all being done to build leverage in an account so they can get more loans.

[Anonymous No.57288872]

>>57287350
I try green card lottery every year but never lucky

[Anonymous No.57289712]

>>57285845
Look at these charts of markets. See how they are price to earnings ratio for the typical worker (singular) not workers (plural). The majority of home buyers are dual income which makes these charts deceiving. Would you like to know what price 3bed/2bath homes can go for in your American metropolitan region?
>Go to data.census.gov
>Search for S1901 Income
>Select Metropolitan Area under Geography
For the Washington D.C metro, the median household income is 117k BUT that is also single and dual income. Median income for dual income is 170k BUT 40% of dual income families in that metro have a combined income greater than 200k.

So now let us perform calculations where the typical buyer spends 4x income:
>Median household home price 468k
>Median dual income home price 680k
>largest percent (40% in this metro) of dual income home price 800k
Expect in the D.C metro that 3bed/2bath should not drop lower than 468k unless we get the mac daddy of all crashes, but more typical 680k floor since dual income is the normal buyer.

>>57285896
West of the Mississippi River has gone down already nominally 15%. But East of the Mississippi River has mostly been flat or up 7%.

[Anonymous No.57289717]

>>57285845
yes, buy the top
pump the boomers' bags

[Anonymous No.57290276]

>>57285845
Buy a land and build a house. This is the endgame

[Anonymous No.57290291]

>>57285936
those hedgies will dump when they see the writing on the wall. people thought they were unbreakable before the stock market meltdown in 2022

[Anonymous No.57290326]

>>57286659
Based
>t. mortgage haver
Gonna pay off mine if btc goes 100k+ next year and deny the rat faced parasites their 6 figure intrest.

[Anonymous No.57290333]

>>57285845
>didn’t buy a house 2 years ago before the fed started jacking rates up

Lmao!! LMAO!!!

[Anonymous No.57292119]

>>57285845
I told my parents this year will be the year I move out for the fourth time in a row.

[Anonymous No.57293490]

>>57289712
This. Wife and I have a combined income of nearly 500k which makes buying two homes less than trivial for us. I'll probably rent out one of them and keep the other to live in. Also planning to buy some land way out to build a third home on. Zoomies really forgot to account for married dual income no kids millennials that have way more expendable income than you'd realize.