/biz/ - Business & Finance

[Anonymous No.58281770]

Guys should I sell now to buy my dream house? A lot of coins are close to their ATH and I figure there be a dump after the halving to be able to buy again. What do you think?

[Anonymous No.58281830]

>>58281770
What happened to cocksucker, PA?

[Anonymous No.58282133]

>>58281830
What?

[Anonymous No.58282200]

>>58281770
buy only if you have the cash right now
values will go down a bit but not much. plateau for the next 3 years before housing finally goes up.

[Anonymous No.58282216]

>>58281770
This looks like shitty townhouse apartments in ghetto

[Anonymous No.58282239]

>>58282216
No it's a beautiful area

[Anonymous No.58282255]

>>58281830
All the Conshie houses are off the market, sold to bizraelis who made it

[Anonymous No.58282277]

>>58282200
Aren't rates going down soon? Will that make prices rise again?

[Anonymous No.58282480]

>>58282255
Based WAGMI

[Anonymous No.58282543]

>>58281770
MAYBE.... anon. Maybe
whats your stash worth?
I assume that pic its just a placeholder.
according to truflation housing index
today is the best moment to invest in housing...
think about it, if you for whatever reason lose all your crypto later, you can still have a house.

[Anonymous No.58282601]

>>58282543
About 200k, I wouldn't use cash though

[Anonymous No.58282827]

>>58281770
I would check how doable is to get to invest that much and get some left in case any liability appears.
>>58282601
nevermind just checked. I would hold a little bit more, get to 230 or 240 and make sure you have 50k left in any case.

[Anonymous No.58282836]

>>58282827
also that looks worth for 200k. for 3 bed and 2 rrs it must be a good neighborhood, not filled with niggers at least

[Anonymous No.58282837]

>>58281770
>shack in bumfuck PA
kek sweetie how about waiting until you can afford a real house >>58282131

[Anonymous No.58282856]

>>58282837
the absolute retard biznigger need to underestimate what another nigger is getting by themselves.

[Anonymous No.58282875]

>>58282216
you clearly haven't been on a ghetto before then. No house looks like this clean and solid at a ghetto

[Anonymous No.58282891]

>>58282837
It's not in bumfuck it's in one of the most visited small towns

[Anonymous No.58282898]

>>58281770
Jim Thorpe is a really nice town. More of a tourist destination but fun to go to. If you had a wfh job it would be super comfy to live there. I used to go there a lot but moved out of state.

[Anonymous No.58282899]

>>58282875
>only ghetto anon knows
fucking zoomer

[Anonymous No.58282914]

>>58281770
>

[Anonymous No.58282917]

why is every dream house in PA? is this some meme

[Anonymous No.58282926]

>>58282277
rates aren't going anywhere near down soon bruh
not even the housing bubble popping gonna make a good difference for you

[Anonymous No.58282935]

>>58282926
Did the fed say they were looking to lower rates by the end of the year?

[Anonymous No.58282942]

>>58282898
Yeah I can walk or bike down to get coffee or breakfast in the morning

[Anonymous No.58282953]

>>58282926
3 rate cuts this year, anon.

[Anonymous No.58282966]

>>58282942
You live there, anon?

[Anonymous No.58283000]

>>58282966
Haven't closed yet

[Anonymous No.58283087]

>>58283000
Idk if you are the PA LARP guy that posts here all the time but if you are legit congrats. I would live there in a heartbeat.

[Anonymous No.58283121]

>>58283087
Thanks anon, WAGMI

[Anonymous No.58283536]

>>58282914
/biz/ seems split

[Anonymous No.58283917]

Cop or not?

[Anonymous No.58284020]

Historically speaking, lowered rates usually sets off a bleed in prices.
You could refer to the dip in the 70's (like 76 or something) and 08-15.
From what I've been reading, the Feds are looking to lower interest rates within this year and onto the next.
That alone would prevent me from buying in now. Not only this, but the increase in supply and decrease in mortgage applications being filed.
So you have price/demand, on top of a catalyst that's backed by past market action. Both seem bearish.

[Anonymous No.58284025]

>>58284020
supply/demand*

[Anonymous No.58284035]

>>58284025
>>58284020
Demand hasn't dropped and supply hasn't increased

[Anonymous No.58284061]

>>58284035
>Demand hasn't dropped

>https://www.mba.org/news-and-research/newsroom/news/2024/04/03/mortgage-applications-decrease-in-latest-mba-weekly-survey
>https://www.rttnews.com/3436645/u-s-mortgage-applications-show-another-weekly-decrease.aspx

[Anonymous No.58284073]

>>58284035
>supply hasn't increased

>https://fred.stlouisfed.org/series/ACTLISCOUUS

It's been increasing for the last 2 years.

[Anonymous No.58284101]

>>58284073
>>58284061
People are just waiting for rates to drop, that doesn't mean demand has died. When rates drop they will continue buying

[Anonymous No.58284106]

>>58282239
Jim Thorpe is ok. Views are ok at best as far as Appalachian mountains goes. Not bad though I loved going as a kid, still do

[Anonymous No.58284109]

>>58284073
>It's been increasing for the last 2 years
Negligible amount compared to demand. Won't put a dent in prices. Hasn't with these high rates

[Anonymous No.58284247]

>>58284101
>>58284109
You're not grasping the big picture.
Your assumptions are based off of nothing, other than your own knowledge, experience, and intuition.
I go off of data. Current and past data, along with any little indicators which may aide in my deduction.
Everything which I am about to say, can be backed by data. If you disagree, or think the data is bullshit, go on and provide some of your own.
You're asking "What do you think?" in terms of whether to buy a home. I'm telling you what I know, not what I think.

>Median household income has been completely gapped by housing prices
>Credit card debt is at an all time high
>Checking/Savings Accounts reported lower than last year
>Bankruptcies surging over 50% since 2023
>Other related sectors, like commercial real-estate, are also performing negatively in terms of equity

Simply put: The average joe cannot afford to purchase a home.
The Feds are so bad at hiding it, that there are literally multiple reports of them being caught faking payroll data.
All of these indicators, which are backed by data, are bearish for housing. In fact, there's so many bearish indicators that I'm too lazy to even go on about.
In the meantime, I'll back some of the one's I've mentioned thus far.

[Anonymous No.58284268]

>>58284247

[Anonymous No.58284275]

>>58284268
As you can see, the vast majority of Americans LITERALLY can't afford a home.

[Anonymous No.58284282]

>>58284275

[Anonymous No.58284294]

>>58284282
>The Feds are so bad at hiding it, that there are literally multiple reports of them being caught faking payroll data.
It was obvious with the CPI reports, but yeah, this was really no surprise.

[Anonymous No.58284301]

>>58284247
>>58284275
>>58284268
>You're not grasping the big picture
You're the one not grasping the big picture. You see rates being raised significantly and the housing market cooling a bit and thinking that means a dump. Well the market is still up significantly from just a couple years ago and rates are about to fall. Prices don't just drop because you want them too kiddo. People who can afford houses.will continue to buy. You talk if poor people not being able to buy. They don't have to they'll rent from corporations who own hundreds of thousands. Everything you post is naive wishful thinking

[Anonymous No.58284306]

>>58284294

[Anonymous No.58284324]

>>58284306
>>58284294
>>58284282
>>58284275
>>58284268
>>58284247
Posting images you found smarter people post on 4chan isn't an argument. You were probably saying housing would crash in 2020 too. You'll keep saying it

[Anonymous No.58284406]

>>58284301
>You see rates being raised significantly and the housing market cooling a bit and thinking that means a dump.
I did not say that. Please reread >>58284020
>Well the market is still up significantly from just a couple years ago and rates are about to fall.
The market is up from 2020, yes. However, Since 2021-22, things (prices) have slowed down and come to almost a stand still. Prices has slightly dropped, but nothing major. This would be due to interest rates and current prices, along with affordability and salvageable income (see posts above).
>Prices don't just drop because you want them too kiddo.
I don't think I ever said I wanted them to.
>People who can afford houses.will continue to buy.
Can you provide any data? And (hypothetically) what would instigate them to buy, if prices were to begin falling?
Do the people who can afford houses have enough capital to hold the housing market together? Do they have enough to outbuy those who cannot afford to purchase homes at this moment? Can you provide any data to back up your claim?
>You talk if poor people not being able to buy. They don't have to they'll rent from corporations who own hundreds of thousands. Everything you post is naive wishful thinking
Everything I've posted is backed by data. If you don't like it, don't take it out on me. Go to the ones doing the research and polls. Also, as of "they'll rent from corporations who own hundreds of thousands". I see you're a little out of the loop, so I'll fill you in:
>those corporations are currently dumping right now. they've been doing it since Q3 2023.
Not sure why you're being butthurt about what I'm saying. All I'm doing is throwing you the facts.
If you don't like it, then you shouldn't have made a thread in the first place.

[Anonymous No.58284446]

>>58284324
>Posting images you found smarter people post on 4chan isn't an argument. You were probably saying housing would crash in 2020 too. You'll keep saying it
Not even close lol.

[Anonymous No.58284687]

>>58284446
Spot on actually. Again the housing market won't crash just because you want it to. You've said this for years and you'll keep saying it low IQ anon

[Anonymous No.58285101]

>>58284687
Again, if you have any data you'd be willing to share to back anything you've mentioned, please do share it.

[Anonymous No.58285335]

>>58281770
Selling is not an option anon, buy right now that's what smart dude are doing and pajeet are waiting for Peaq which is in the verge of doing crazy pump

[Anonymous No.58285684]

>>58281770
depends, do you NEED that dream house right now or can you wait?
because those are two very different situations and you should adapt to whatever fits the bill at the moment when you do this.
like, i'm still holding to vinu, not only for it's worth and pump but because i don't have the need to sell right now, see?

first get your priorities straight and make your decision based on that.

[Anonymous No.58286982]

>>58281770
>Selling assets that go on exponentially
>For assets that barely track inflation, and will never do better when boomers start dying in droves in the coming decade
If you're too much of a pussy, at least put that money into SPY or something, it still go exponential enough. Housing, lmao.

[Anonymous No.58286990]

>>58281770
>dreamhouse
>literally glued next to other houses
>PA
I'd rather kill myself than pay for this

[Anonymous No.58288259]

>>58285101
The only data you need is the chart for housing and the chart for rates. Not screen caps of random articles midwit

[Anonymous No.58288310]

>>58286990
Looks pretty nice

[Anonymous No.58288464]

>>58288259
>The only data you need is the chart for housing and the chart for rates.
That's a pretty retarded take, but just to humor you, pic rel.
Previous data from this chart backs up what I've said in regards to lowered interest rates and price action.
See for yourself: https://fred.stlouisfed.org/graph/?g=bwOD

[Anonymous No.58288946]

>>58288464
In what would does that back up what you said kek. Sounds like you don't own any property and are trying to cope. Meanwhile housing hast pumped since 2020 with the highest rates in years

[Anonymous No.58289088]

>>58288946
See rate movements from 08-15 and housing prices from 08-15.
You can even take a look at the dip in the 70's.
It seems like to me you're either too dumb to understand what I'm saying, or you're just not looking at the data at all.

[Anonymous No.58289204]

>>58289088
>See rate movements from 08-15 and housing prices from 08-15
Yeah bro nothing weird happened in 2008. That was totally normal and exactly like now!!! Lmao absolute retard

[Anonymous No.58289237]

>>58289204
Alright, I see it's hard for you to keep an intelligent convo going.
So how about the 70's dip? Which extends to the early 80's.
What would you make of that?

[Anonymous No.58290071]

>>58289237
>Alright, I see it's hard for you to keep an intelligent convo going
You have nothing intelligent to say. The market won't just crash because it did decades ago with completely different circumstances. Notice how you don't think anything of insane inflation since 2020 either. Yeah there's gonna be a crash when rates are about to go down when your dollars are worth 80% less. You are low IQ that's why you can't have an intelligent "Convo"

[Anonymous No.58290094]

>>58290071
Nothing you said has anything to do with the 70's dip.
I take it you don't know then?

[Anonymous No.58290132]

>The market won't just crash because it did decades ago with completely different circumstances
Makes sense you can't read low IQ anon