/biz/ - Business & Finance

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>>15455215
it's bullshit, their masters need to exit the real estate market first

>>15455215
Don't listen. Keep your savings and your patience ready. Supply and demand shall rear its head from the greed

this is truly repugnant levels of boomer desperation and cognitive dissonance about what is coming

Because retards who bought into the whole FHA loan scam will have their homes seized by the government and not the bank. Those homes will be distributed to asylum seekers. You're welcome.

>>15455223
https://www.curbed.com/2019/8/29/20837282/millennials-recession-homebuying-prices

>>15455239
they should start praying that "day of the rope" doesnt become a real thing

>>15455274
Based and Turner pilled.

>>15455215
This is Jewish misinformation trying to get you to buy the top

>>15455258
The comment section on that article shows how much TPTB have us divided.
Boomers vs millennials arguing while TPTB laugh their way to the bank.

>>15455358
TPTB?

>>15455215
Because prices are unlikely to change.
People are mostly living in cities nowadays and prices are dictated by apartments.
There's been a super weird price clamping going on, where a studio costs almost the same as a three bedroom apartment. If anything, maybe the cheap apartments will go down in price, but the rest of the market will remain the same.
So, all in all:
>It's a bad time to buy a small apartment.
>It's a bad time to buy a house.
>It's a considerably good time to buy a medium-to-big apartment, but not as an investment, just to live in it.

>>15455364
The penis the butt

Ok thanks for the link. Bought a house in 2018 in a good location. That’s what it’s all about: location location location. Cities will continue to grow and our population is growing at an exponential rate due to import of immigrants. Did I buy at the top? I think I did but my monthly mortgage is rather low with an interest of 1.8% for 20 years. Always a gamble, crypto gave me the means to do it.

>>15455215
I have just accepted that I'm never gonna own a house. I lost about 1.2 million in 2018, I was just short of my target (1.6 million) and I have nothing to show for it. I am fully prepared to rent until I die/become homeless, my salary is only 60k a year. I have put my entire remaining networth (100k) into a handful of altcoins like VIDT/SENT, and if that doesn't hit a high enough price it's gg for me. I am 29, dead end career, no marketable skills etc. In the end everyone dies anyway so it doesn't matter if I'll be living in a mansion or on a pension.

>>15455421
Man up retard, you are on the internet, you are on 4chan, you are on fucking biz of all places, you better start using that piece of shit of a brain you have on the top of your head and create your own job, wtf is that of working for others or WAITING yes YOU ARE WAITING for a shitcoin to moon.

>>15455215
>Sorry goys. We're going to be importing more wealthy Indians and Chinese to buy our overpriced shitboxes.

>>15455421
I hope this is all true. You are a fucking idiot

Bought my home at the bottom of the recession in 2012. It's already went up almost 22% in value.

Suck my millennial cock Boomers.

>>15455364
Too poor, too broke.

>>15455215
>implying interest rates rising (they can't go lower in many places) won't crash the market
lmao'ing at this dude

>>15455440
I keep trying to build myself up again but I feel so spiritually and emotionally devastated by my loss, I feel like a deer in fucking headlights. Every day I try to improve the skills I do have like programming and I think about all the people who are better than I am who are also stuck in shit jobs and I feel the chasm is impossible to breach. I know it's psychological but I don't know where to mentally recover. Do I see a therapist? Do I meditate? People have told me to just 'man the fuck up' but I don't understand what inside my brain I do to make that happen. Maybe I just need more time to recover. Either way I'll keep improving myself but I don't know how to get over the psychological barrier.
>>15455451
If I wasn't a fucking idiot I probably wouldn't have made 1.2 million throwing my life savings on a coin called 'antshares' in the first place so it's a bit of a wash.

>>15455490
http://www.oprah.com/own-super-soul-sunday/elie-wiesel-on-losing-his-life-savings-to-bernie-madoff-video

>>15455421

> Bought in VIDT

Wow, so you might actually make all that money back.

>>15455386
1.8 percent

Totally calling bull shit!

But I don't want a recession, I want the western world to collapse. Eat the rich

Decent discussion.

Housing prices will fall. It's basic game theory. The thing is that one needs to capitalize on is to identify the real estate submarkets that will be prime for buying

DR;NS

>>15456543
>Housing prices will fall. It's basic game theory.
Possibly, but not by much. It's only about 5% above what it should be when you take pay increase and inflation into account.
Small apartments are overpriced by about 30%, medium to big apartments are basically priced just right.

>>15455897
Based and redpilled. Through collapse we can create something better and also boomers get to taste the consequences of their actions.

>>15457708
>Small apartments are overpriced by about 30%,
millenials never move out even when they move out. They like small apartments because it reminds them of their room at their parent's house or their dorm when they were in college for 7 years changing majors vetween women's studies and sociology. Emotionally stunted perpetual children, and forever homo.

>>15455683
nah desu, guy is probably from the Netherlands.

My 10 year fixed mortage is 1,67 % and I even get 50% of the intrest back as tax reduction.

>>15455683
I’m from the Netherlands. Current interest for mortgages lies around 1.6/1.7%

>>15458097
>i'm from the Netherlands
oh you're never buying a house then

>>15455364
Tactical Penises for Traps with Braps

>>15458103

Sad fucking truth. Dutch youth is backstabbed from all sides to stop them from obtaining a house and starting white families

>>15455358
maybe so, still have no love for the boomers. the elite wouldn't have been able to shape the world as they have if the boomers weren't complicit or apathetic towards it during the 20th century.

>>15455366
renting will continue to go up, but house prices WILL fall because financing will dry up - around 40-50% of mortgages are originated by non-banks who don't have customer deposits and stable funding. and lending isn't profitable in a recession. if buyers can't finance 97% of the home values since no one will give them a loan during the recession, then no more bidding wars, and lots of panicking sellers lowering their prices across the board due to lack of buyers with money to spend.

>>15455683
In Denmark, there are negative 10, 5, 3 year loans

20-30 year mortgages with negative interest rates are on the doorstep any second now.

0.5% 30 year fixed interest rate mortgages have recently come out.

>Sorry, millennials: A recession won’t help you buy a house

>What if I’ve been saving for years and just want a chance to buy something (anything)?

>You might actually have a better shot at buying during a recession!

So the titles just straight up lie now?

>>15455215
>buying a depreciating rotting decaying wooden box

>>15455215
Who is spamming these millenial threads?

>>15458678
how does that even work/make sense?

take out a million dollar loan, and the jews pay it themselves? what the fuck I hate nords

>>15455215
>>Recession meme fear peddler
It's not going to happen.
Stop trying to make it happen.

>>15455215
Because being the most educated generation, they know that housing costs are more than just the purchase price. There will never be a time where real estate agents won't tell you to buy a house.

Economy sucks? Time to buy cheap houses! It's an investment!
Economy booming? Time to buy houses before the prices go up! It's an investment!

>>15455366
Well, if the prices won't change they will be left bagholding their houses, because no one has the money to buy one in a recession.
Also, good luck eating your house when your retirement fund is wiped out.

>>15459816
No, they'll just let foreigners buy the houses; both overseas foreigners using American real estate to hide/store their assets and immigrants imported specifically to take up housing space and keep the price up.

>>15455683
a danish bank is even offering -0,5% rates (10 year mortgage).

>>15458678
This. Negative interest rates, more QE, and eventually inflation means housing will only keep going up.

Monetary manipulation is why young people can't afford what their parents did, but they don't care.

>>15455215
HAHA GET FUCKED MILLENNIALS

GUESS YOU'RE JUST GOING TO HAVE TO BAIL OUT THE BANKS BEFORE ANYONE EVEN HAS THE CHANCE TO GET SOME PRIMO REAL ESTATE HAHAHAHAHAHAHAA

GOOD THING YOU'VE BEEN SAVING FOR THE PAST DECADE SO WE CAN INFLATE EVERYTHING YOU SAVED AWAY LMFAO!

JUST PAY YOUR TAXES, GIVE AWAY YOUR GUNS AND SUPPORT MASS IMMIGRATION LOL

>>15455236
>Supply and demand
HAHAHAHAAHAHAAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHA

>>15455236

Truly this. A store without customers goes out of business. In the current business model the housing market will have 0 customers in 5 years.

So either wages will rise or housing prices will fall

>>15455215
p-please buy our housing bags!

NOOOOOOOOOOOOO!

YOU ENTITLES MILLENIALS CAN'T SAVE YOUR MONEY AND LIVE AT HOME SPEND IT ALL AND GO INTO DEBT LIKE US AAAAAAAAAAAA

>>15455683
1,49%/10yr or 0,8%/ 5yr, both fixed here
plus good goy bonus points (tax deduction)

I'm paying 3.25% on a 15 year fixed wtf?

>>15459990
>In the current business model the housing market will have 0 customers in 5 years.
You having a laugh, mate? There are billions more indians, chinese and africans yet to come.

>>15458680
When didn't jewrnalists lie? Really was there ever a time when they were providing accurate information? The thing that changed imo, is that the generations that believed centralized press bullshit are dying out, and that is good thing.

>>15455215
is this the boomer version of 'didn't read; not selling'

>>15455215
This is completely retared. A recession absolutely will help you buy a house. Smart money is selling thier flip houses and extra homes NOW

>>15459934
In addition to this, the Federal Reserve would just invoke emergency authority to stabilize the financial and housing markets like they did in 2008 with all of their purchasing programs. None of which was ever unloaded like they promised, because they know what would happen. If it happened again, they would act much faster this time, because the economy is too dependent on real estate to sustain any significant price declines.

The whole market is completely fake. Nothing is real and you won't see cheaper housing prices again in your lifetime.

>>15459879
>No, they'll just let foreigners buy the houses

>implying foreigners will have any money left during the global recession

>>15459879
they are going to have to washtrade the proprieties this time
lmao

>>15460413
Go to southern california, you'll find 5 families per home.

>>15455490
dude you sound like a little bitch.
you make 60k/year... take a year to save as much money as you can while you pump a couple of moonshots and prepare for the golden bull.
you have no reason to be bitching like this. 60k is a fucking good job.
you sound retarded...

>>15458998
it doesn't matter how you feel about it. Recessions either come or need to be prevented through various means every ten years. History has shown it over and over again and if you don't know something so basic yet then fucking lurk moar.

>>15455215
I have a house built in 1791 with strong wooden beams. Eat your fixed investments, normie journos.

>>15460680
>1791
That's pretty based.
I'm either gonna build my own house or buy an old PA stone farmhouse because nearly anything built after the 1960s - and even that's pushing it - is hot garbage

>>15460719

I buy PA houses built 1850-1900, totally rehab the inside of them and rent them out to wealthy hipster type and other young professionals. I've started to become sexually aroused by rough hewn lumber beams, field stone foundations, and the suffering of my fellow millennials.

Why this article is complete bullshit
>a product that no one can afford depreciates until someone can afford it. Most Millennials and Zoomers, the majority of the population, are unable to afford homes in the current market. Eventually this will result in a) increase in wages, b)decrease in prices, or c) government programs to help people with little money and probably mediocre credit to afford a home....this would essentially be 2007/2008 all over again.

>artificially low Interest rates and money printing has created a massive asset bubble that is unsustainable and will pop someday. Continuing to do both these things will eventually implode the economy to the point where credit will freeze, or significantly be restricted, meaning fewer loans and less money available for a loan, meaning prices crash. Unless there is some serious intervention or a long term plan to bring interest rates back up, this will eventually happen.

>interest rates will have to come up eventually, and when they do demand for housing will decrease due to the higher cost of financing, which will bring the principle amount of houses down.

>people are in the most debt they've ever been in, this includes the haves and the have nots. When you have a society where someone living in a 1-million dollar home is an unexpected medical bill or car repair away from falling behind on all their bills, you live in an unsustainable economic environment.

This article is an attempt to get people to jump into the market just in time for the whole thing to collapse. They don't want to be left holding the bag.

>>15459990
this is poorfag cope. we're obviously in a housing bubble, but it doesn't behave the same way other bubbles do. why? because every fucking day this planet add more and more people and every one of them have to live somewhere. boomers aren't going to crash the housing market when they finally shit the bed. maybe in rural shitholes they will, but the range of desirable real estate around urban areas will just continue to grow and appreciate in value.

>>15455215
How retarded do you have to be to believe that more people not being able to afford their mortgages won't lead to lower housing prices?

>>15460771
Cool. I'm guessing you work in and around Philadelphia.
Tons of old stone houses there and probably the only place in the state where there's young people who can afford to be choosers.

>>15455215
A recession won't help anyone buy anything.

>>15461003
this is like when you see lonely /biz/fags buy at the top and try to shill you in to a dip.

>>15455452
fuck boomers

>>15461046
it's definitely time to sell imo, but I think most of the people bitching about not being able to afford a house, still won't when it's time to buy again.

>>15455215

>YOU THINK I'M GOING TO SELL MY PROPERTY AT REDUCED MARKET PRICES?!?!? BAD GOY! BAD!!!

Everyone was so sure housing was a solid investment that could only accumulate last time too.

>>15457857
Bait

>>15460379
>>15461003
The thing is, even though the market is being artificially pumped up by money printing, it doesn't matter. That's the point.

There will be no unwinding. No collapse and readjustment period. The central bank balance sheets will continue to grow under the pretense of "saving the economy". Eventually, the central banks will own the majority of publically traded companies and, through centralization of rental properties and farms, the majority of land as well.

At that point the banks will literally own everything, and our descendants will be wondering how the fuck we just gave everything of value we had in the world to the central banks so they could save us from their own creations.

>>15455358

This isnt a boomers vs millenials or capitalism vs social justice as some of the comments say, it is america vs the federal reserve banking system. Boomers just tried to follow the rules that were put into place that they really dont understand. Until we end fractional reserve, fiat currency, commodities like housong will have exponentially rising prices.

In lther words: the law of all fiat currencies is the inevitability of hyperinflation on a long enough timeline.

We have to end this banking system in our lifetimes.

>>15455274
Day of the pillow

>>15461219
I agree with a lot of what you're saying, but I honestly don't see how anything within our current economy, the housing market, the fed, or any facet of our society is going to get out of this in one piece. I am 90% sure everything I described will be result in the perfect storm that will tank our economy. I am not a doom and gloomer most of the time, but this is some frightening shit that is going on right now and it blows me away that few see it, or more so choose not to see it.

Essentially it's going to boil down to those with the most debt will pay the most dearly. People who've jumped into mortgages in the last 5-years are going to be upside down unless they put some serious cash down when they bought. But it's not just mortgage debt, it will be all forms of debt. Get paid off as much as you can, save what you can, and invest in crypto or gold/silver, it's going to be a very bumpy ride in the next few years.

>>15455364
Turbo Pterodactyl Thermos Bureau

>>15461219
This is correct.

Boy, this is sure starting to look similar to a certain sickle and hammer system that everyone seems to hate, but hey, this is still...capitalism...r-right guys?

>>15455364
jews

Haha, what a laugh I just had. Housing prices taking a -50% value decline is right around the corner. I for one can’t wait to pick up a few 5+ unit buildings. The trick of the game is to own many doors but not live in them. Always has and always will. MRED is already snowing the declines. The time is close.

most people in California are barely scraping by paying down their mortgage for 30-40 years and if they lose their job they're out of there, what a shit trade

>>15455366
I was planning to move out of the city after I got my money right.

>>15458824
>wooden
muricunt detected

>>15461690
That's what people thought last time, but it turns out we have a lot of ink left in the printer compared to other countries.

How about a mortgage with a negative interest rate? Gotta save those home prices! *Print*

Oh, you're upside down? Here, I'll directly purchase any asset needed and turn this ship around again. *Print*

How about stocks? We can't let price discovery happen, because then people will find out the real values, so it's time to pretend we're the Bank of Japan and start directly purchasing them. *Print*

What about that car loan? How about a cash for flunkers program? *Print*

Tuition? No problem. Wait, sorry, you're fucked.

Neverland is real as long as everyone believes in it.

>>15461824

Well would a recession lower housing prices?

>>15462015
>tightening credit
>higher unemployment
>decreased consumer spending
>fewer jobs
>lower wages

you bet your ass it would.

>>15462015
Well it wouldn't make them increase

>>15461824
It's not even going to have to boil down that way, though you're right that we could if we needed to. Here's how I see the happening happening:

>Italian or German banks take a fat fat shit
>Every single person in Europe with the means to do so, takes every single eurocent they have, buys dollars, and buys US assets with those dollars
>The biggest wealth transfer in human history - some 50 trillion in assets - begins
>It starts with the most liquid assets - Money and anything digitally transferable
>Then it will be physical assets: Commodities and art
>Then land ownership
>Somewhere along the line, Europe will attempt to impose capital controls. Money starts flowing into crypto in very much the same manner that we see with Chinese assets: Scared, panicky money trying desperately to get something for an asset class that could go to zero with one more bad day

>>15461824
Exactly. And people will wonder why a house costs 20X their yearly income, as they squabble for all the liquidity they can suck from the money printer.

>>15461824
So you don't think the American economy will crash anytime soon?

Anthon Kreil said something like when something is discussed in the main stream media, the rich owers of said media already took their positions and you are the mark.
Find better news sources and dyor, discussing these kind of articles has no merit.

>>15462259
We are entering a depression right now. But it won't be a Weimar or Soviet style collapse. They will money print us out of it again, per >>15461824

They can keep the plates spinning for a while longer. Maybe generations. But the asset inflation will mean real assets become increasingly unattainable for the average American. Return to the mean, historically 90% of humans in any given society were dirt poor.

Eventually things will get out of hand, but I suspect by that point the elite will own almost all productive assets and land, and with automation there may be no need to keep 10 billion humans around except as a vanity metric.