/biz/ - Business & Finance

Housing crash?

Sounds good to me. I'm interested in buying but you'd have to be a total idiot to buy right now. Hopefully I can get a steal next year. I'll be living with my parents rent free until then.

>>12315525
Odd past few days. Sudden optimism in the market, like "hey guys, all this recent pessimism makes zero sense. Market indicators are good and fed will stop hiking rates so get the fuck back into your investments"

I dont buy it. Been in cash since march 2018

i'm glad for you americlaps, small starter houses for singles or fresh families should be affordable considering you have so much fucking space around
unless of course you want to live in a cancerhole like SF or LA then you deserve to get fucked
can i buy property in america as a non-american (german)?
i consider moving to north dakota if i make it

I think we're entering, or even in the midst of, a healthy, needed correction, after which things will steam along as before

>>12315525
low interest rates are what caused high housing prices, most people (idiots) while shopping for houses will only care about what the monthly payment is and will largely ignore the final sales price, as rates went down the monthly payment stayed the same even when prices went higher. Now that interest rates are headed up the trend will reverse and with interest rates so low even small moves upwards will see large percentage increases in monthly payments.

Zoomer won't be able to afford (the principal to borrow to buy) these houses at even half the price. Burgers live hand to mouth and zoomers even more so because their wages are shit and they are highly consumerist. They'd rather get a skin in fortnite than save.

Some older millenials were in a position to buy last time. This time, if it all comes tumbling down 2008 style, we're looking at even lower housing prices. In the US anyway.

>>12315525
Yea.. Debt-free Millennials are gonna buy up houses in the suburbs with the outlook of a 20% discount; rather than renting a small flat in a vibrant inner city..

It needs to crash ASAP, houses are overvalued in my market.

>>12315525
>Yes goy, now that interest rates on your mortgage are higher you should buy

>>12315525
based communists built a home for every one in this cunt, so now I don't have to become a debt slave

>>12315626
>unless of course you want to live in a cancerhole like SF or LA then you deserve to get fucked
You sound based Hans, too bad our country is still run by faggots because I'd sponsor you to be my neighbor.

LOL. The overall sentiment on /biz is that housing market is going to correct bigly.

This means that the absolute opposite is true in the near term (2-4 years)

I remember in 2012 listening to all the doom and gloomers like schiff, literally all you had to do was get financed on a 200k home here where i live and by now you gained over 100k in equity.

Don't listen to based boys on here who are stuck holding ICX and NANO from the top.

DYOR

Besides, don't be stupid. Listen to Grant Cardone. Rent where you live, Own what you can rent.

Real Estate is the best investment you can make, just don't be a dumbass buying overpriced single family residence. LOCATION IS KEY.

>>12315925
The coming recession is being kicked ahead purposefully.
>"Hey Boomer if you wait until youre 70 to retire we'll add bonuses to your pension"
You can only kick it so far until Boomers need to start cashing out their retirement investments: Stocks, Houses, 401k, Pensions. When Boomers catch on that their retirement nest eggs are in danger the moment enough of have retired it's economic game over.

>>12315525
Reminder that these fucking people make BILLIONS of dollars every year, just off of shilling shitty investments to desperate poorly-educated aging boomers to destroy their lives so they die in poverty and squalor.

Our entire system is predatory psychopaths eating poor dumb naive goyim alive. It's really fucking depressing and I wish we actually had real political influence in this shitty country.

>>12315975
So stay in cash for now? If what your saying is true, boombers will crash the market soon and put us deep in recession territory. At which point I'll go back in equities

>>12316015
*insert chart here of money printing"

Stupid hodl.

Invest in things that make multiples.

Rule number 1 - Dont lose money
Rule number 2 - dont lose money

Crypto fags think they know everything. They think everything is going to crash because they themselves are not succesful and have no clear rode to financial independence other than investing in litecoin a year ago.

>>12315525
Is this going to be like the crypto crash but for boomers? If only the government wasn't trying so hard to keep housing prices up.

>tfw my dad just sold my grandma's shitty house to a Gen X'er for $400k

He gon get rekkkt

What if I told you that Jordan Peterson, Dave Rubin, Bret Weinstein, and the entire intellectual dark web was quitting patreon? The picture is proof that they are considering a possible move to Alexandria OIP built in FLO blockchain.
And what if I told you SERGEY from LINK is a support of FLO!? LOL. FLO HOLDERS are retiring #2019.

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3:30 - 4:00

These guys have tens of millions of followers across their platforms, speaking engagements and book reviews.

Don’t forget about all of the other projects also being built on FLO.

Blockchain with 500m and 1000M+ valuations don’t even have this many partnerships LOL. Imagine not buying this coin because you listen to someone making up fake lies to call it false.

Suicide insurance on FLO is a bag of 10k. Retirement bag is 300-500k Flo.
It’s already up 3x since I started letting biztards know a month ago.

New readers about Flo should check out the telegram with questions

But first they should STUDY these three articles:

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https://medium.com/@valueprop/flo-tzero-and-how-the-dlr-aims-to-disrupt-5bd34634f928

https://www.coindesk.com/wyoming-county-moves-to-put-land-records-on-blockchain

>>12316053
t. Fag who bought a 200 sq ft shack in San Francisco for $5 million and needs people to buy his bags.

>>12316053
Exactly. 1m+ for a shit shack in the ghetto is a fair price for anyone looking to outright own a house. The plebs should rent till they die so we can squeeze every last shek... I mean dollar out of them.

I thought they it was expected since most boomers near retirement age have most of their equity in their home, they are all gonna start to unload in order to have cash for retirement but none can afford them so the prices will drop

>>12316053
Everything is going to crash because this economy was designed when America had more than 50% of the global gdp and now it's barely 20%. Read about Bretton Woods brainlet, circumstances have changed, the american government and the federal reserve won't have the same grip over the global economy for long

>>12316115
It's a lot harder for prices to fall, especially since rent is still high owners can choose to sit on their house and just rent it out while waiting for higher prices.

>>12316098
Are you a communist?

Like I said, own what you can rent, rent what you live. A lot of areas are going to succumb to a drastic correction, others are going to benefit bigly.

>>12315925
Something something blind squirrel something something nuts

Even though biz is generally retarded, they're correct here. Housing market is nearly guaranteed to dip soon.

Do you even understand how economic cycles work?

>>12316137
I understand not to listen to FUDDERs just because they sound confident.

All that I know is population is increasing at an exponential rate, and migrants are going to be flooding the country after trump gets impeached and a democrat gets elected. This means mass migrations of people cash rich or equity rich from shithole states to ones that have more favorable tax laws and less minorities. kek. Basically where i live.

Yes please give me another two years and I hope to have 50k cash to drop on a nice underpriced condo.

>>12316053

>You don’t like 1000x gains
>to the moon
>biggest transfer of wealth in human history

So many stupid people! Buy a house(or even apartment) in a good location once your debt is low enough do same thing again, one more time now you have a nice place to live in and rental income that you can comfortably live off after you retire.

Well done to everyone that cashed out big profits on crypto but those that are still poor and dreaming move on and do something worthwhile with your money

>>12316158
Bizarre non-sequitur anon.

>>12316158
>after trump gets impeached
lol, this is such a silly meme, someone explain to me how this is supposed to happen when Trump controls the Senate?

>>12316175
Exactly. Most Anons on here have no clue that its possible to leverage debt

>>12315626
yes, move to north dakota. great idea. how dumb are you? move to monatana or something, north dakota is shit.

>>12316240
>north dakota is shit.
>bumfuck nowhere
>quiet
>cheap housing with huge land
>comfy snow
>nobody around you for miles if you pick the right place
fuck your montana, "making it" includes "living off of your cash without having to work"

>>12316158
>Just pay into your 401k, buy your McMansion and trust us™, goyim. Crypto was a nice ride, but it's over now you cannot escape our debt-fiat system. :^)
>After trump gets impeached
I've been in this game a long time and I gotta say it's exactly when the buttcoin/nocoiner boilerplate is being repeated by morons like this that you are around the bottom.

>>12315525
Oh no only a 4.8% rise in a single year? How will they cope?

Meanwhile my wages rose 2% this year, and my savings interest halved from 3% to 1.5% (on the top accounts, that I can't compound. The one that I can gives 1.025%).

Poor, poor homeowners

>>12316128
I'm certainly not a communist, but I'm also not big on the idea of enriching some boomer jew that got lucky with buying property.

>>12316342

So we should all just buy crypto and be slaves to whoever the fuck is controlling the value of it?

Why not just abandon cash and barter

>>12316314
montana and wyoming are better bets if you're looking for cheap land. north dakota is shit, i am from minnesota and have family members that worked in the oil fields in ND. the cost of living is also inflated because of how much money oil workers make. if you really want to live in
>bumfuck nowhere
that is
>quiet
with
>comfy snow
and has
>nobody around you for miles if you pick the right place
then stop being a pussy and move to alaska.

https://www.msn.com/en-us/money/generalmoney/what-us-land-is-really-worth-state-by-state/ar-BBkTfZS#image=BBkGo1K|6

Such a deal I have for you!

You give me the job you have that enabled you to buy the house in the first place, and I'll take the house off your hands! You can have my job, which doesn't pay well enough to buy real estate, so not a problem for you!

>buying property

nah, i'll stay home in my mommy's attic untill she throws me out

>>12316486
>alaska
isnt there a program literally PAYING american citizens to live in alaska?
isnt living cost in alaska even higher than ND?
i picked ND because it looked like it had the cheapest available small properties out of the bumfuck nowhere places since the oil work boom is long gone

>>12315925
And when society collapses real estate goes to 0

>>12315525
I hope to buy in 2020. Wouldn’t mind implosion before then.

t. neet in mum’s basement

>>12315525
Two things the last decade have taught us:
-Stay the fuck away from crypto
-Stay the fuck away from real estate
Now I'll step back and let various anons argue about how they or someone they know was the 0.05% of the market who made money on real estate or crypto. I didn't invest in either, and I did juuuuust fiiiine. My aggressive growth index ETF is looking great, I have a nice silver base, and have some nice international small caps plus zero consumer debt.

>>12315525
>Always do the opposite of what CNBC says

>>12315558

By next year do you mean 2020?

>>12317758
if that happens why would you give a shit

>>12315626
You can buy affordable property in small German towns too

>I can't wait for the market to drop, I want to buy in a couple of years!
The number of people who say this is proof that there's rock-hard support barely below our current level. The only thing which can actually cause a crash at this point is if banks refuse to lend to anybody.

>>12315669
Well said. When rates hit 6% the market will Treblinka. Most people psychologically want to pay <5%.

>>12318318
Yes, but when shit actually hits the fan these retards wont be able to get a loan. If you dont have 100K cash, and a safe job, good luck getting a fucking loan at bargain housing prices.

when was the last time the housing bubble popped in sync with a recession?

the market is usually on a 10 year cycle while housing is usually on a 16 year cycle

>>12315525
>A buyer's market is housing "only" increasing 2.8% above predicted inflation

The absolute state of boomers.

>>12318335
Years from now they will make a movie about it and it will be called
>The Big Shit

Really hope Trump just says fuck it and eliminated tax credits for home ownership. That would end the boomer housing boom overnight.

>>12315558
There is no crash coming. Only slow down in price uptrend urban areas and more downturn in rural areas.

>>12318408
Why do you think this

>>12315986

>Our entire system is predatory psychopaths eating poor dumb naive goyim alive.

its a cold world my dude. i have no sympathy for people who fuck their own money up. Obviously media is putting out complete garbage, but is that really any different from listening to joe schmoe's opinion on a daily basis?

>>12315747
I'll be buying a condo in the city actually, I don't like suburbs

>>12315925

>Besides, don't be stupid. Listen to Grant Cardone

STATE OF BIZ

---

House prices will drop by 40-60%. Heard it here first.

Housing is a sunk cost, you are paying that money on the first no matter what. You can either have a chance of getting some/all that money back or you can have zero chance of seeing that money again. If you aren’t at least trying to get into a cheap condo, you are fucking up.

>>12316579
Sup bro I live in Alaska. Really fucking high cost of living. Gallon of milk is like 12 bucks. Also you're talking the PFD which is a gibs me dat every Alaska citizen gets in October. Anywhere between 1000 to 3000 dollars usually. Doesn't offset the col tho sorry

>>12317886
>was the 0.05% of the market who made money

The vast majority of self made millionaires did it through real estate.

>>12318603
Picks california where everyone is literally selling to escape taxes, go fuick yourself!

>live in Boston
>tired of renting
I hope the market crashes 80% and then I can buy a nice place in Cambridge or maybe even the South End

>>12318725
Fuck Condos.

>Don't own the land
>Don't own the exterior
>Pay at least $100+ in "Condo Fees" so the management can do shit like... mow the strip of grass out-front and regulate the way you build a deck
>Still responsible for all the updating and maintenance inside
>Bonus "Amentities" Fee

It's an apartment. It's Zoomer-level. Have fun when your exterior is dated as fuck in 6 years and your selling your shitty unit against 10 of your neighbor's

>>12318888
Kek has spoken.
Bear market for condos 2019.

>>12315525
>Housing crash
yeah sure and it'll tank the economy again just like 10 years ago because these banking cunts never stopped with the sub-prime mortgages and 'derivatives' shit that fucked everything in the first place.

>>12318888
checked, goddamn

>>12318888
>tfw own a condo
>see those quads
I'm unironically selling this year now. Condos crash more than houses so even if we do get a crash I'll survive.

>>12318888
>Don't own the land
>Don't own the exterior
Good. That’s where all the crippling repairs come from.
>$100+ fees
Sunk cost. Those same fees are balled into your rent.
>maintenance inside
Trivial cosmetics
>it’s an apartment
Yeah, what %90 of you guys are living in now, don’t you want to get some of your money back or even make some money? The only reason to rent is if you don’t have a stable income or you think you are going to move in less than 3 years.

>>12318408
>he thinks millennials and eventual zoomers can afford $1.2mil shacks in coastal areas

>>12316053
I know about more then 3+ IRL friends that made +3 million I mean anon this ain't a joke lmao.

It seems you have knowledge gaps on who actually made crypto and what its going to be for soon.

>>12319155
Why are homes so expensive in the west anyways? All my american friends are pissy over a 20$ fucking video game they can't buy lmao.

Or fucking VBUCKS LMAOAODawinmw

>>12315683
I spend money on dumb shit all the time and work at a supermarket.
I saved 15 grand last year.
Zoomers have money, just not normies zoomers

>>12319172
And do you realize how many people had to lose for that to happen.

>>12319220
housing shortage plus a bunch of high paying tech jobs, started snow balling and and you got greed like the ICO bubble of 2017. if the tech companies start outsource we'll see a massive crash.

>>12315525

>home price is RISING at a rate of 5.1% instead of 5.4%
>because fed raised the interest rate, therefore decreased affordability for the buyers
>REAL ESTATE IS GONNA CRASH

Good luck holding out for that crash.

>>12315986
>Reminder that these fucking people make BILLIONS of dollars every year, just off of shilling shitty investments to desperate poorly-educated aging boomers to destroy their lives so they die in poverty and squalor.
Correct

>Our entire system is predatory psychopaths eating poor dumb naive goyim alive. It's really fucking depressing and I wish we actually had real political influence in this shitty country.

Why? Politics is just a bigger version of what you just described, except instead of convincing the dumb goyim to buy into overpriced equities they are convincing then to elect then into positions of power where they can decide how they are allowed to live their lives.
But also why is it depressing? You should see this as inspiring, now that you understand why don't you take advantage and do something similar?

There's wolves and sheep in this world and wolves will continue to eat. Being sad about sheep not being able to not be sheep is just about equivalent to shooting heroin or cutting yourself; you're just wollowing in yourself and your feelings and contributing nothing to the world, pitiful and worthless.

I am an ausfag, I watched the boomer delusion over the past years as their real estate bags became more and more unaffordable, they watched the paper number go up and rubbed their hands as the jew, they forgot they actually needed to sell those bags to somebody. The downturn has started here and you can easily see the denial, it is exactly like watching the crypto late adopters, the market stages are real.

What is hilarious about real estate vs the crypto is speculators have literally gone all in on leveraged bets, people who bought the top are already starting to lose literally all their money, in this game bagholders don't end up at zero, they can keep going into the negative for years worth of cucking, if they were liquidated they will be paying (((them))) large chunks of their cuckcheck for nothing. The stakes are incredibly high but the meme was so powerful that nobody ever believed they could lose, they still believe it will recover short term but their cope is showing.

Just buy and rent property, hahaha

>>12319276
So like everything else in life, can't be rich without the poor.

>>12318826
No they aren't you fucking boomer faggot.

>>12315626
>North Dakota
Do you like tarsands and endless flats?

>>12316158
France is sneezing, kike

Happened
https://www.zerohedge.com/news/2019-01-02/collapse-one-americas-most-expensive-mansions-sells-73-below-ask

>>12319172
What's your crypto portfolio? Prove that you're not some larping fag.

>>12319617
Spoken like a nigger, but probably just a kike. I don't want to have to fuck anyone over to get ahead. The whole thing is just pathetic, no reason for any of it. Fuck you for perpetuating it. See you on ropeday kike.

>>12321581

You're right anon. It would be nice for the world to be righteous and just, but that's not the way of nature. The world is evil by default, and Men must create, and protect what's good. You can't be surprised then that plebs descend into the dark without a second thought.

>>12315626
Move to Montana or maybe Idaho instead Mr. Kraut. They're better than the Dakotas

>>12319617
sad and edgepilled

kid, we're gunning for utopia. fuck your world. if everyone thought like you, the powerful would get away with far worse than they dare do today.

>>12316126
Nobody rents boomer homes.

>>12316445

>>12316053
>rode

>>12319751

good take, ausfag here, 20yrs old, just starting my adventure into investing. what does this mean for my generation? do we get better more affordable property and housing?

my family own a fair bit of property in sydney, nothing too crazy- am saving up for property investment

Britbong here, Welshman to be specific.

Average house price in my town in £90,000. Considering buying this year, but should I wait?

>>12316015
The other anon is right you want cash working but I would hold for another year or two. Then go for stocks/crypto. The boomers cash out will take a long time. 5-10 years, plus the slow down of investment coming in for millenials and zoomers will drag down the market.

>>12316314
Other anons are correct north Dakota land isnt actually cheap since the oil boom. Montana and wyoming is better for remote comfy nature.

>>12315525
> hurrr housing prices will crash and never recover

how completely retarded do you have to be to look at this chart and think housing prices will crash and stay down long-term? the population is growing faster than the number of available homes. if you are hoping for a 2008 level dip, you might be waiting longer than you think, and by that time the house you'll be buying will be on a lot the size of a fucking stamp. absolute retards. maybe housing prices will dive in bum fuck nowhere, but buying on the outskirts of desirable areas is a sold move... also buying
on the fringes of where the chinks are acquiring (as an investment, not to live with them).

>Boomers actually crashed the housing market this time
All you faggots blaming boomers for "Crashing the housing market" can now say that honestly. No, boomers did not crash it. If they did, you'd be able to afford a house. A crashed market means no one's buying and prices are at rock bottom. Well, this headline looks like that's actually coming true. And you should want boomers to crash the housing market, so you can actually afford a house.

Boomer portfolios are up over 300% in the last 10 years! Guess what... they don't give a FUCK if lazy millennial scum can afford their homes when they die. The same people saying to short the housing market are the ones who bought bitcoin at 20k because it was going to 100k. Now they are doomers, and they will get destroyed again by being priced out of real-estate. Boomers have mcmansions and retirement accounts that have gone 3x+ is the last 10 years, millennials and zoomers have mcjobs and diversity/gender quotas. Stay poor.

-34 year old boomer

>>12325041

What good is all those extra people if none of them can afford a home?

>>12319220
Hmm let's look at California
>be sanctuary state
>take in limitless immigration
>see crimes skyrocket
>decriminalize petty crimes to not make it seem like they are
>keeps skyrocketing anyway
>have 500 usually low-paying jobs available for every 5,000 people
>people still need a shelter to live in and basic necessities
>costs of living: buying, renting, groceries, utilities etc etc skyrocket due to demand
>highly-paid tech engineers live lower-middle class lifestyles due to living costs
>anything below is basically the working poor
It's almost like supply and demand has an effect on quality of life.

A lot of anons in here also fail to realize that as boomers die they will be leaving huge real estate portfolios to their heirs. Lets say that a zoomer inherits $2m in real estate in california, they then sell those properties, use 1031 exchange, and buy up 10-15 doors as rental properties in a better much cheaper growing market. California is probably going to have a bad housing crash considering their tax laws, on the other hand any state that has favorable laws is going to benefit (this helps sellers, who gives a shit about the pleb buyers). The truth is, just because you are a doomer with 100 bucks in your bank account and all your friends are doesn't mean the rest of the population is like you haha.

>>12325269
don't forget all the huge amounts of regulations they have there that prevent new housing from being built, if regulations were relaxed apartment builders would be flooding the areas with cheaper apartments.

>>12325222
Some of them become successful and can afford the homes. Many of them become dual income families making $150k+ a year. Lots of people are doing really well. I used to sit in my cubicle surrounded by other people living mediocre lives and wondered the same thing... how the fuck do people afford these things when I could barely afford the mortgage on my 100% FHA financed shitbox in a bad neighborhood and my 88 buick century limited piece of shit with a plexiglass back window because some nigger smashed it. Then I discovered the income red-pill... which is working for yourself. Honestly it doesn't even matter what you do as a self employed sole proprietor... even just mowing laws or performing a trade would be 1000% more satisfying (and profitable) than slaving for a corporate conglomerate. Start with doing some simple math on paper (a pro forma). Start small. Do the work yourself at first. Acquire clients. When you can no longer keep up w/ client demand, begin hiring and work with your first employee. With your growing customer base, consider adding upsells that are related to your core business. Continue to grow and hire. Eventually you transition from working owner to managing owner. Now you focus on expansion and efficiency. Now you're a businessman, and you will meet other businessmen who are also successful. Success breeds more success. You will find yourself in new social circles (because your old friend will resent your success). Your new social circles will inspire you to keep thinking bigger and finding new ways to grow income. You just need to make a humble and honest plan and stick to it. It will require you to work weekends while still wagecucking to get it off the ground. Eventually you will be passing up $300 in self employment income to make $150 in the cubicle, which will give you the courage and inspiration needed to leave on your lunch break and never come back like I did over 10 years ago. Just do SOMETHING. Anything.

>>12325271
>Boomers leaving houses to their kids instead of cashing out to the highest bidder

I've seen Boomers with legacy businesses not even offer to pass it down to their children because they'd rather get a sum of cash instead. Millennials can't rely on inheritance. There's a ton of Boomers hiding their debt and their estate will pass it over to pay off that debt.

When exactly can the millenials expect their inheritance? When they're 50-60? What good does that money do? Millenials need the cash infusion in their prime, not when it's too late to build a life, but Boomers will literally not trust their kids with anything of THEIR'S!! until they are dead.

>>12325271
>Boomers
>Leaving an inheritance
Anon I...

FUCKING JUST LET ME EXIST SOMEWHERE FOR FREE GODDAMNIT

WHY CAN'T I JUST LIVE IN PEACE

INSTEAD I NEED A MILLION KEK-BUCKS FOR A LEAKY SHACK AND THEN A MONTHLY PAYMENT TO UTILITY-KIKES

>>12325271
Most of these houses will be so old at that point they are nearly worthless, will be more worth to destruct and build new on a land than repair. Also there will be flood of boomer houses, especially in europe where boomer generations were huge and most houses were built by those generations

>>12326071
The street is free
Also, innawoods
But you don't want to right? You feel entitled to heating, treated water and roof over you head, you soft faggot.
If someone else must provide it, it's not a right;

>>12326071
You could always go to that island where the missionary just got culturally enriched.

>>12325041
>Amerifats are literally incapable of imagining a world without tons of free money
Man you are in for a shock when the empire falls.

>>12326116
Considering collecting rainwater on your private property is illegal in America, and so is growing vegetables or fruits in your yard he does have a point.

>>12326116

>projecting
>putting words in my mouth

i'll be fine inawoods you faggot

>>12325271
You know how many boombooms are living on debt? That'll be passed off to their children if selling off everything doesn't pay for it after they die.

The majority of new bizraelis suffers from auto inflicted anxiety. They all live into bubbles that generate anxiety in short, medium and long term, this aint healthy and release bad hormones such as cortisol daily into their blood circulation.
They create that bubbles into their mind to justify somethings and become consumed by then.
Link 1k EOY, bullrun now, some generic project pump and dumps, etc.

Search for treatment before yourselves fuck your own body and life.

this isn't empirical, but I feel like everyone in the country is fucked by rising fees and lower pay.
cable, gym, electric, gas, cars, kids, appliances etc.

I cant imagine anyone I know buying a 300k house any time soon.
it seems its getting harder and harder.

House prices have to drop without as many buyers, no?

>>12326838
The government will never let housing prices collapse.

>>12315525
wait till dems take the house impeach Orange man and cause recession then it'll be time to buy in 2022

>>12326853
Collapse, no.

But I guess the point of the thread is.. where are pirces going.
I personally have 50k saved up that im sitting on.
wondering when to explore buying houses (after the next 2 years)

>>12325041
This is the boomer equivalent of thinking that BTC was going to 50k in 2018. Enjoy getting black swan'd

>>12325271

>Inheritance from boomers.

Yeah no and that applies on a global level.
Their whole generation is greedy as fuck and fucking terrible with money.
>Grandparents used to own multiple homes and have 6 figure income.
>Sold them for quick money.
>Now own no real estate at all and pay far too much rent for their little home.
>They've developed tens of thousands of debt.
>Getting too old and worn out to work. Their 6 figure income is going down and they're soon unable to pay their rents.
>Mfw they're going to leave nothing behind but some cat piss smelling designer furniture.

They could turn it all around at the very moment, but they're unwilling to lower their living standards even one bit.
Only thing they had to do to become multi millionaires was not overspend like retards.

>>12323811
Do you think high dividend-paying stocks are a good idea to buy in 2019?

>>12326905
Also curious to this

>>12326116
>build a shack in the woods that has a fireplace
>the government takes it from you or tears it down

Yeah ok

>>12315925
most millennials rent/ live with parents
tick tock

>>12318408
Last time toronto's bubble popped there were 7 straight years of price declines.

Same story in every major city.

>that homeowner cope

Hope you didn't buy the top anon, that mortgage might end up being 2x/3x intrinsic value.

>>12327430
If you identify as an indigenous person they can't take fuck all.

Just burn all your ID before hand so the onus on them to prove that you're NOT indigenous.

>>12326906
> thinks us population will decline

democrats just took the house and their corrupt "investigations" have only begun - and you think US population will decrease? dems proved they are willing to steal elections and the repubs proved they will do fuck all about it. the usa won't be facing population decline unless trump can actually drain the swamp, and it looks like it would take 5+ back to back terms in order to truly clean house. the fact you think housing prices are just going to magically drop by 50% or more without a sharp rebound inside of 10 years, you're just coping for your lack of skin in the game.

>>12327565
toronto's bubble is directly tied to the number of chinks they let flood their cities each year.