/biz/ - Business & Finance

>>26568976
>>26569017
Having a house, freezing your interest rate for up to 30 years, and not paying rent which increases rather than getting locked in are all part of the return on investment you retard.
You don't compare the rate of appreciation for a house to investing in the stock marker. You compare the cost of rent payments (none of which buys you anything beyond time spent in someone else's building) to the cost of a mortgage.
Also unlike with a house you don't get insurance for your stock market investments and nobody can guarantee you any specific amount of profit from it.
>>26567375
>buying property now without the intention to rent it out is like buying the top
It's not anywhere close to the top in the US anyway when you look at the impact interest rate and inflation has on what people pay for a mortgage taken out today vs. what they would pay over the lifetime of a mortgage taken our in almost any other prior year in recent history.
The fixed interest rates being where they are at historical all time lows make houses that seem more expensive based on price require less money and/or less time to pay off in reality. With a high interest rate like 10% you would pay for the same $200K house more than 3 times after a 30 year fixed mortgage is complete (assuming you waited the until 30 years to pay it off) for over $600K in real price compared to 2 or 3 percent where you would instead pay between an extra 60K to $100K for $260K to $300K in real price.
>>26567139
>plumbing, roofing, yardwork, fencing, foundation shit, and no one fixes it for you
Yard work isn't a real expense. That's just owning a lawnmower and pushing it over your front and back lawns during the warmer seasons every few weeks.
The rest like roofing is something that comes up once or twice before you die (don't fall for the scam mailers after every hail storm telling you your roof could be damaged) and even with redoing the entire roof that's ~$3K for basic asphalt on a typical 2 bedroom house.

>>26559466
No matter how many times you repost this thread there still won't be a housing market crash anytime soon.
If the inflation and interest adjusted price of mortgages goes back up to where it was in 2007 then you will get your crash.
Right now it's under baseline, not over.
Try using one of those mortgage payment calculators to see how big of an impact interest has on what you pay.
As an example, a $200,000 mortgage with 10% interest would really cost you around $630,000 after 30 years, compared with a 3% interest loan which would be more like $303,000 after 30 years.
So instead of being shocked at how high prices seem with today's for sale real estate the right way to evaluate how high or low prices are is to compare with past years with inflation adjusted for and the current all time historically low interest rates factored in.

>>26462388
Now factor in interest rates and inflation.

>>26230029
>>26235284
Note neither of these patterns support your conclusion. In fact based on mortgage rates and inflation we're about as far away from another 2008 as possible.

>>26208480
>exuberant
It's not exuberance if you look at the real price after inflation and mortgage rates are adjusted for. Unless you're that idiot in the last thread who tried to argue that inflation isn't real and we're actually undergoing USD deflation.

>>26190984
>Interest: As low as it's ever been since the beginning of US record keeping
>Inflation: 25% of every dollar ever created was produced last year alone
>Foreign nonresident / noncitizen buyers: Still exist and more likely to spend the more USD depreciates and their own currency's relative buying power increase
>Term extensions: Most lenders haven't even launched mainstream 50 year mortgages yet
>Lending scrutiny: Still high thanks to 2008 with applicants getting shut down left and right for lack of stable job history or not enough cash for down payment
>New construction: Discouraged thanks to exorbitant lumber prices
>Market: Still unequivocally a Seller's with supply below demand and buyers paying at or above asking price
You're going to be reposting this shit thread for at least another 10 years, rentfag.

>>26163884
>Interest: As low as it's ever been since the beginning of US record keeping
>Inflation: 25% of every dollar ever created was produced last year alone
>Foreign nonresident / noncitizen buyers: Still exist and more likely to spend the more USD depreciates and their own currency's relative buying power increase
>Term extensions: Most lenders haven't even launched mainstream 50 year mortgages yet
>Lending scrutiny: Still high thanks to 2008 with applicants getting shut down left and right for lack of stable job history or not enough cash for down payment
>New construction: Discouraged thanks to exorbitant lumber prices
>Market: Still unequivocally a Seller's with supply below demand and buyers paying at or above asking price
You're going to be reposting this shit thread for at least another 10 years, rentfag.

>>26163884
>Interest: As low as they've ever been since the beginning of US record keeping
>Inflation: 25% of every dollar ever created was produced last year alone
>Foreign nonresident / noncitizen buyers: Still exist and more likely to spend the more USD depreciates and their own currency's relative buying power increase
>Term extensions: Most lenders haven't even launched mainstream 50 year mortgages yet
>Lending scrutiny: Still high thanks to 2008 with applicants getting shut down left and right for lack of stable job history or not enough cash for down payment
>New construction: Discouraged thanks to exorbitant lumber prices
>Market: Still unequivocally a Seller's with supply above demand and buyers paying at or above asking price
You're going to be reposting this shit thread for at least another 10 years, rentfag.

>>26153510
>>26155618

>>26002989
>Ridiculous and uninformed.
No, it's objective fact when you look at actual inflation and mortgage rate adjusted cost we're at a low point historically.