/biz/ - Business & Finance

>>18146478
It will be tougher for younger families, retirees likely have very little mortgage on their houses

bumping for interest

>>18146478
Tens of millions of people are refusing to pay rent, far too many to arrest or punish in any way without literally destroying the country. Of course, the banks will not lose, so the landlords are gonna have to foot the bill. Housing prices will drop to nothing and landlords will kill themselves en masses

the house prices will keep going up forever

>>18146478
yes, bu you won't get a loan to buy them poor fag, cash only

Trump bux will turn into UBI eventually, and with negative interest rates and zero reserve rates, interest only mortgages will allow people with low incomes to spend many millions on houses. Housing prices will skyrocket.

>>18146523
thats what many believed all through the bubble leading up to 2008

>>18146507
Why younger families, is that because of borrowing being harder?
I have seen that some mortgage lenders are now only offering mortgages on 40% deposit!
(im in Britbong land). Is that what you mean?

I think an element of this that people aren't accounting for at the moment is the fact that most millennials don't fucking want all these boomer mcmansions. Even when they do get onto the market at a lower-than-optimal price, those numbers will have to get pushed even lower if anyone wants to sell their huge shitbox to someone younger.

Otherwise it's going to probably be like 2008 where the government facilitates the buybacks of all these over leveraged properties and then allows firms to use them as "affordable housing"

>>18146519
It probably should be implemented with banks that mortage payments are halted for 2 months for example, to avoid foreclosures. It will slow down the hit on housing and help banks too. So both rents and mortgage payments are then delayed, not cancelled. There still will be
foreclosures and hit on real estate ofcourse but that would make impact easier

AirBnb and such will likely take
the biggest initial hit, depending how many apartments landlord were renting.

>>18146478
Better! So many landlords will have to fire sale that a 90% drop in prices is coming

>>18146523
for the foreseeable future, yes. As long as western nations continue to import barbarian hordes en mass then population growth will continue to drive up housing prices. Land is the textbook scarce resource. Dead boomers will provide some downward pressue though.

>>18146478
In the cities prices will drop. Rural areas with acreage are going to skyrocket if social distancing becomes the norm and everybody leaves the cities.

>>18146519
>en masses
>>18146944
>en mass
I want burgers to leave

>>18146965
Fuck off city degenerates, we're full. Nobody wants you or your behavioral sink/pollution rotted minds over here to fuck everything up here. Goddamn locusts the lot of ya.

>>18146478
>american cardboard houses
it's about time their price comes down

>unfortunate
Pissing away your fortune and failing to accelerate the success of your offspring is called "overstaying your welcome". Most elderly failed utterly to create generational wealth despite having their most productive years take place during the most prosperous few decades on American history. The equivalent of walking in a field of gold nuggets and being too lazy to bend down and pick up even a couple of them.

To put it bluntly, it's only a good thing that Corona will speed their passing from this gay earth. Not only will it free up an enormous amount of resources that would be better spent on growing white families, but it will ensure a generation of adults no longer have to waste time and money on their dipshit boomer parasite parents on their 30(!!) year retirement.

>>18147017
I'll have my condo paid off in a year and I'm building a house out of CMU and I-beams. Skeleton frame construction was a mistake.

>>18147026

I've seen so many boomers PROUD of kicking out their kids instead of teaching them how to probably manage wealth. "It will be good for them to be on their own!" I've heard so often. The wealth of the boomer and kids ends up going to the BANKS (like rent).

It's social rot.

>>18146998
It's coming and there's nothing you can do to stop it. They will move to the low cost exurbs and rural areas with big city salaries since working from home will become the norm post WuFlu.

>>18146944
wrong though, pop growth is almost nothing compared to the increase in house prices. It's landlords with 500 properties on credit that are driving them up.

>>18147150
>working from home will become the norm post WuFlu
Nope

>>18146530
Sounds about right

>>18146944
Land itself isn't scarce though, not even close. Only political permission to build on it is, but there are enough political incentives within the system that plenty of new buildings get built anyway.

Importing thirdies to increase house prices can only work to an extent. The more thirdies there are in a house, the more it will be trashed and the more skipped rent payments there will be, ultimately lowering the value. Likewise the more thirdies in a neighbourhood, the lower the real value of its properties are.

We're in for the absolutely hugest housing price crash in history over the next decade or two, and it would have happened with or without corona.