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/biz/ - Business & Finance


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File: 538 KB, 960x762, home price crash.png [View same] [iqdb] [saucenao] [google]
58173906 No.58173906 [Reply] [Original]

Homeowners have lost 19% of their home's value in the past 14 months.

>> No.58173908

>>58173906
Just needs to crash $100k for me to hit my buying price

>> No.58173910

>>58173906
300k support

>> No.58173919

>>58173906
You lose 100% of your rent when you give it to another man to live in his house.

>> No.58173923

>>58173906
Give me another 30% and I'll start considering it.

>> No.58173930

>>58173906
that's a nice looking healthy correction
you have to imagine it will go parabolic once interest rates come down

>> No.58173949

>>58173930
>once interest rates come down

Just 2 more weeks, right?

>> No.58173959
File: 101 KB, 1164x984, Untitled.jpg [View same] [iqdb] [saucenao] [google]
58173959

>>58173930
for every .1 drop in interest rates, hundreds of thousands of home sales.. prices WILL never drop. unless we have an economic collapse, but then we will have bigger issues at hand.

>> No.58173975

>>58173959
Interest rates were 13% in 1985

>> No.58173982

>>58173975

This time its different. This the new paradigm.

>> No.58174001

>>58173975

Massive immigration by them will cause the housing market to skyrocket to the moon.

>> No.58174005

>>58173975
lol whats your point?

>> No.58174010

>>58173949
There are going to be 3 rate cuts this year, retard. Your le housing crash isn't coming.

>> No.58174027

>>58174010

Plus the massive immigration. Housing market crash isn't happening.

>> No.58174044

shouldve bought bitfuck

>> No.58174250

>>58173906
I live in a White, red state desirable area, prices aren't going down.

>> No.58174274
File: 261 KB, 646x595, 1691522845473999.png [View same] [iqdb] [saucenao] [google]
58174274

>>58173919
>>58173930
guys help i put all my savings ($150k) into stocks and crypto and it's gone up 200% since last year while i wasted 10k in rent (if you subtract property taxes) oh wait and all while houses dropped 15% in value so now everyone who bought in the last 1-2 years are underwater tens of thousands of dollars

>> No.58174287

>>58173919
get fucked landie
my rent is $700 and YOU have to fix it or i withhold rent.
tenant court has a 3 year wait list to btw
how much is your mortgage again?

>> No.58174291

>>58173906
Not in my market. I'm up 7.

>> No.58174425

We’re going a lot lower some buyers over leveraged and bought because of the super low interest rates in hopes of selling for a quick flip
We just have to wait for those to capitulate

>> No.58174446

>>58173906
In real terms, perhaps. In nominal terms, no fucking way.

>> No.58174526

>>58174250
USA is collapsing get out while you still can unless you feel like getting blown to pieces by a swarm of gov operated $1k drones

>> No.58174625

>>58173910
I've been saying this since 2021 but holy shit it's taking a long time...

>> No.58174655

In order to reach parity with Boomer conditions, the median house price needs to drop 44% from 2022 highs to around $263,000, assuming household income doesn't change much

What would it take to make this happen?

>> No.58174724

>>58174274
When you are a flegling small business with zero credit history and few company assets, creditors will often require you to personally cosign loans. I that event you have liability of the company fails. One of the few things they can't go after is your personal residence. So when you are just starting up a new company it makes sense to park a large amount of money in your home as it can shield you from debt obligations if your company fails. >>58174010
I doubt there will be any significant rate cuts as it will cause massive inflation. They'll probably end up crashing and bailing out commercial real estate as most major banks and boomer pensions have huge exposure to the incoming apocalypse

>> No.58174729

>>58174287
$0.00 I paid cash for my house, anon. My taxes are $834yr. Get fucked rentoid. The price of my house will continue to go up while you pay someone to live in their house like a betafag.

>> No.58174818

>>58174729
nice larp
when houses crashes everyone will get one or two!

>> No.58174878

>>58174818
Just because you are poor doesn't mean everyone is. You can cope all you want about house prices but the simple truth is you got priced out because you have a shit job and no money. I hope you make it with jeetscaminu this bullrun.

>> No.58175712

>>58173906
Delayed deathcoaster or Weimar bulltrap?

>> No.58175844
File: 35 KB, 727x422, 1702987526848638.jpg [View same] [iqdb] [saucenao] [google]
58175844

>>58174010
>she thinks rape cups are bullish
HA

>> No.58176153

>>58173906
You retards don't know how to read charts. This shows the median sale price of NEWLY BUILT homes. It has nothing to do with a decline in existing housing prices. Rather it reflects a trend in the home building industry where builders are producing cheaper houses.

>> No.58176374
File: 72 KB, 950x906, 298ADEBD-B418-4741-992C-B18C7BB3FDC5.jpg [View same] [iqdb] [saucenao] [google]
58176374

>real estate never goes do- ACK

>> No.58176375
File: 278 KB, 1096x1258, 1694220831503603.jpg [View same] [iqdb] [saucenao] [google]
58176375

>>58173930
I kinda feel like any liquidity lubricant sets off this earthquake.

>> No.58176501

>>58173959
and household income back then was really a single working man in most cases

>>58173930
boomers are dying off, there is going to be a surplus of homes outside the hottest cities. Will be interesting to see what happens, lots of idiots who bought in 2021 and 2022 are going to be way underwater

>> No.58176731

boomer here. my zestimate is actually up YTD. fuck off. I own 6 houses in Phoenix Arizona. I will keep raising my rents and if I need to sell I will not sell below peak. prices will continue rising due to demographics. population rising. constantly.

>> No.58176759

Just bought a home closing in May, honestly saw this coming but I’m extremely satisfied as our backyard is fucking kino compared to similar properties in the area. We will eventually go back up but yeah this thing may keep dropping this year.

>> No.58176769

>>58176731
Small world I own 2 properties in az as well, just bought the 2nd plan to buy another 1 or 2 with my crypto gains but that’s not for awhile

>> No.58176781

>>58173906
2 more weeks rentoids!

>> No.58176819

>>58176731
The is a reference to The Big Short. This poster is a stripper for her day job and we all know how that movie ended.

>> No.58176890

>>58175844
>casually ignoring the 2021 dump because it doesn't fit the data's narrative
>n=2
anon... really?

>> No.58176981

>>58176501
>boomers are dying off
And being replaced by trillions of shitigrants that the politicians force in. Population correction will NEVER be allowed to happen.

>> No.58176987

>>58173919
Paying 500k + other taxes on top of it every year for basic house
Or paying couple hundred every month for the same result
Not a hard decision

>> No.58177033

>>58173906
its also 14 months closer to needing a new roof

>> No.58177159

>>58175844
but that graph clearly shows the exact opposite of its title
its sell the last hike/first cut and buy the last cut
tho problem is in hindsight its easy to spot the correlation
in real time its very hard to know when its the last/first as the fed is unreliable as can be and regularly goes 180 against its own stated objectives

>> No.58177177

>>58173906
Literal nothingburger.
Still up a 2x from the 2010 bottom.

>> No.58177260 [DELETED] 
File: 26 KB, 298x379, walter.jpg [View same] [iqdb] [saucenao] [google]
58177260

>>58177177
fr, i've seen more exciting charts out of fucking JizzLord
i don't get what all the fuzz is about

or maybe i'm just retarded idk

>> No.58177316

>>58174001
1brown per square meter?

>> No.58177350

>>58173919
and I happily give it to him so I can put more in crypto.

>> No.58177359
File: 49 KB, 597x559, 1701472954234.jpg [View same] [iqdb] [saucenao] [google]
58177359

>>58177177
fr, i've seen more exciting charts out of fucking VINU
i don't get what all the fuzz is about

or maybe i'm just retarded idk

>> No.58177635

>>58173906
>it looks like the meme graph
i'm getting sick of seeing it everywhere

>> No.58177646

>>58173906
Crashed or corrected?

>> No.58177697

>>58175844
>>58177159
This time is different, it's Joe-on with the safe landing imminent