/biz/ - Business & Finance

What about land prices out in the middle of nowhere? Will the prices on that also crash?

>>18412696

>>18412780
Depends on the land. Desert? Already worthless. Farmland? Worth infinitely more than a garbage mcmansion in some shitty suburb.

>>18412696
>Danielle Dimartino Booth
who gives a shit about housing, where can I find a former Fed staffer econometrician mommy gf?

>>18412696
>>There are more than nine million second homes in the U.S.

NOOOO not the Boomerinos! Not the heckin vacation homes! NOOOO it's greedy to want a roof over your head while Mr. Kikeberg only has 3 measly vacation homes!!!!

>>18412873
holy SHIT MOMMMMMMMMMMY

LOOK AT THOSE FUCKING TITS AND THOSE THICK FUCKING THIGHS UNNNNNNNNNGGGGGGHHHHHHHHHHHHHHHHHHHHHHHHHHH

I WANNA FUCK AN OLDER WOMAN BROS

>>18412952
Also,
>About eight million landlords, who own between one and 10 properties, account for half the nation’s rental properties. Financial duress will come swiftly for those carrying multiple mortgages

>>18413055
>The rope will come swiftly for those carrying multiple mortgages

>>18412696
so should i wait to buy a house then?

>>18412696
News flash, real estate ain't gonna crash with zero percent interest rates. It will probably cause price to increase

I doubt it's individual americans selling their homes, that doesn't make sense in a situation where you're strapped for cash. What they're most likely talking about is anyone that owns multiple homes. Which is good, people shouldn't be allowed to own multiple homes like its a commodity. 3 Homes, max.

>>18413113
Yep everything will crash once interest rates are high again. If they keep them low then money will just be printed out of existence.

>>18412820
I mean 100 acres of forest in like the upper peninsula of Michigan.
>inb4 we're full

>>18412696
the airbnb thing. i read a news article that a lot of those fuckwits are being decimated by the lack of use. I mean the fuckwits that rent out several properties and airbnb them and skim profit off the top. One such cunt has been left with a $50k monthly rent bill from all his 'properties'. lol

>>18413212
The problem is all the money is going towards the corporations who determine wages, inflation won't happen for the common working man, they'll get left behind as always, while any investment firm becomes the new financial global elite. Housing prices will go up slightly but nobody will have any more money than they do now. The same corporations will buy all the houses/land.

Housing in big markets won’t dip.
Maybe the shit tier adjacent but Los Angeles , Chicago, New York won’t

>>18413310
Thats what they said with the last bailout in 09. And stock markets have more than tripled. DOW 40,000 sometime in late 2021

>>18412696
>boomers getting rekt

I'm... I'm.... gonna.... coooooooom

>>18412696
Forces keeping real estate expensive:

1) infinity immigration
2) low interest rates
3) bailouts of big corporations
4) investment firms buying up houses and renting them
5) foreigners buying houses

Forces causing real estate to go down:

1) If colleges permanently switch to online-only, then you will see house prices fall in college towns.
2) If large corporations permanently switch to a remote workforce, then alot of people will move away from expensive uban centers and buy/rent in cheaper rural areas.
3) If large corporations switch to remote workforces, they will stop buying/renting so much commercial real estate. Some of this excess commercial real estate might be converted to residential.
4) bankruptcies of small businesses

>>18412780
Depends where you are and if the industry of that country area is going to slump but I'm from Queensland, Australia and after 2008 the home prices in my agricultural & power station hometown barely took a hit over the recession years, they haven't really gone up either though. People need food and power.

To become rich Always do the opposite of the biz retards

>>18413597
The issue is the first 5 also destroy the average American's buying power in general. Is enough of America becomes homeless they'll rebel or leave, both of which drive down the price of homes significantly

>>18414277
So I should buy now and sell later?

>>18413218
have fun innawoods

>>18413597

1)Covid-19 is causing immigration to grind to a halt.
2)Fed rates are already at near 0. They are running out of bullets. How much lower can the rates really go?
3)There will be inflation from the bailouts, but will it be enough to counter everything else going on?
4) Companies eant to buy low. Now that the crash is happening, they will let prices drop before reinvesting.
5) china has stopped buying in the US. All the foreign countries are experiancing the same depression / recession. No one is buying right now.

>>18414277
By listening to biz I made enough money from Chainlink to buy a house now if there is a housing crash.

>oh no! The boomer monopoly on real estate is coming to an end! The economy is crashing! Our retirements will be gone!

>laughing_millennials.jpg

>>18414823
Ownership of homes:

Boomers ----------------> Large firms buying everything cheap and outbidding millennials

(You with nothing)

SHORT FINANCE STOCKS!

>>18414854

So basically nothing changes from now?

ok

Why the fuck are American houses so fucking ugly mcmansion cookie cutter neighborhoods? Can someone show me some actually nice houses in America?

>>18413597
>excess commercial real estate might be converted to residential
Hahahaha,,, aaaaahhahhahahaha.

>>18415097

Richer areas of New England have some nice houses

>>18413401
This is complete decoupled from the DOW you fucking moron

>>18412873
dude she's such a fucking frigid cunt tho

>>18415094
ye

>>18412696
Please god, I’m sitting on a $230k cash pile and would love to pick up some cheapies. Poor families, elderly, I don’t care, just give me your home

>>18415338
it's going to keep going down for the rest of your life. there is no rush at all lol

>>18413086

You'll do nothing, like the rest of your life. If you were a person of action, you most likely wouldn't be in a position to want to make those threats in the first place. You occupy the political landscape you do precisely *because* you're not capable of getting up and making things happen, of engaging in behavior that requires discipline, sacrifice or forethought. You think you chose your ideology. It chose you.

Whatever world comes next, you'll be a peasant in that one as well.

>>18413295

It's even worse than that. A lot of people who thought they were renting out apartments were actually renting them to someone who was turning around and putting them on airbnb, so they could pocket the difference. Airbnb is a bigger problem in this crisis than most realize.

>>18415430
>hurrr i used to leverage to buy into a massive bubble and am going to get rekt better pretend like i'm a somebody on 4chan

Ok so house prices will drop but will they outpace inflation? It could be a big wash

>>18413212
You do realize it's now mathematically impossible for rates to ever go up again right?

>>18415455

Dead wrong but keep coping.

Every day you will wake up, do nothing and be forced to deal with the fact that I'm right about you.

>>18415114
They sometimes do it in Manhattan, why wouldn't they do it elsewhere?

this is so good, I want to get my own house for cheap too! I don't have much money, though :/

>>18415493
Why?

Brainlet here. Will this make renting cheaper? I'm planning on moving out soon and being a NEET by myself and want to know if this is a good time.

>>18412977
Been there.
Make sure she is non smoker, cause that makes her vag smell like rotten flesh.
Older women might look nicely but there is always something.

>>18415794
Yes, renting will get cheaper. Especially in college towns since school's closed due to AIDS.

>>18412696
why aren't millennial housings cooming

>>18412696
Wasn't the 2008 recession directly tied to faults within the housing market, hence the dramatic fall in prices? What makes you think houses are going back to those levels? Supply and demand, after all.

Imagine if the Fed tries to pump the housing market, I will COOM so hard if the do. Imagine the price inflation!

JP Morgan Chase just increased their requirements for a loan.
Previously, you only needed 3% down, now you need 20%. Also, you could get away with a credit score of 620. They just raised the requirement to 700. With less buyers qualifying, the decline of housing prices will be further amplified.

Some people here are missing an important point, which is that they can prop up the real-estate market, indefinitely, by money-printing. They are already doing so to the stock market. This is why making a decision is so difficult for me right now. I am holding cash, and I am waiting to buy a house, but I fear that, instead of a crash, my money may simply lose all its value. This is causing me to consider buying gold while I wait; but gold has collapsed in price before as well, and they have a strong power of manipulation over it. So I have no idea what to do.

>>18416056
you can live in a house you can't live in gold

>>18416092

I'd be throwing away half my life-savings if I bought a house and a crash followed. Which isn't much of a consolation for having something to live in.

>>18416056
They are pumping money into the market, but its still down. The same thing will happen with housing. They can only do so much.

>>18416213

If Venezuela can prop up its stock market indefinitely, the U. S. can do it too. Observe that, after the initial crash in Venezuelan stocks, they rise indefinitely. The stock market is not guaranteed to go the way of the Great Depression this time, because, in the 20s and 30s, America was still constrained by a gold standard. Only the real economy is guaranteed to collapse.

>>18415097
I grew up in Sayville, NY. The houses are not cookie cutter. The Northeast US is prettier than Europe.

>>18416030
This will be a repeat of 2008-9 when massive firms bought up literally everything for cheap while regular people didn't/couldn't buy anything.

>>18416092
Well said. A house is where you hang your hat.

>>18416279
>The Northeast US is prettier than Europe.
Objectively false. The NE US has lots of beautiful small towns, but any small town in the US that was built before WWII is pretty as long as that town prohibited the construction of strip malls and retail franchises.

>>18416056
The financial markets are one thing, but housing is another. Money spent in housing eventually reaches consumer goods, not the coffers of institutional investors, and will cause price inflation of consumer goods.

>>18416308

I think I know someone who is getting ready to buy the dip.

https://www.housingwire.com/articles/48987-warren-buffett-is-sitting-on-112-billion-cash-and-wants-to-expand-his-housing-market-footprint/

>>18413113
Possible. It's also possible that so many people will be out of work and won't be able to pay their mortgages leading to many more houses on the market. I'm assuming prices will come down at least a little.

>>18416264
>Only the real economy is guaranteed to collapse.

gold medal post sir

>>18413121
Why are Communists on /biz/? When Chainlink moons you'll say, "Nobody should own more than 10k Link max" Because you don't have any Link.

>>18416328
The Southern US and Southwest CANNOT compete with northeast aesthetics. Towns and villages in the NE were built up around ports and train stations, resulting in dense downtowns with a residential/commercial mixture. In the South and SW you just have big clone developments and retail strip malls a couple miles drive away.

>>18416056
>I am holding cash, and I am waiting to buy a house
I'm also waiting to buy, have been for a while. I refuse to pay outrageous prices for a tiny plot of land. However, sitting in cash is pretty much the worst move with all this money printing.

Personally I have some cash, some physical gold and silver, mining stocks and ETFs and am attempting to do some aggressive crypto trading.

>>18416431
Not true, and this town in the South is more affordable too.

>>18416475
It's cheaper but you will all be paid less and you will have to pay for private school for your kids since public schools in the south are a joke and the teachers are on welfare kek

>>18416451

You obviously don't have any obligation to tell me, but might I ask what stocks you are invested in? I simply bought a little of the GDX and GDXJ gold-mining index funds. I am afraid to touch anything else in case it all crashes down again. I also know nothing about cryptocurrency, so I was simply thinking of buying a bitcoin.

>>18416709
Private schools are pozzed too. Homeschooling is the only rational choice.

>>18416092
Can't you pay for a house with gold in a hyperinflated market?

Do you guys have any locations for a 23 year old recent masters student to affordably live? Stuck with an international relations degree and dont feel like living in NY, DC, or LA as those cities would wreck any money I make.

>>18416475
Most towns in the south, including your pic related were built by English or scotch-irish settlers who preferred boring federal style buildings. Architecture built by German descended settlers in the Northeast + midwest is objectively better.

>>18412780
Rural areas with affordable property are not as volatile as cities which are hyperinflated

>>18417331
If you're white, move to Atlanta suburbs. Whites are replacing niggers there. Low COL still because not many people want to live in the nigger capital. Even niggers won't hire niggers.

>>18412696
Housing crash was the theme of the last recession. Going to be softer this time round

>>18412696
I'm going to buy a house on sale next year with sub 3% mortgage rate.

>>18417844
I'm going to buy that house in foreclosure!

If houses drop even 20% in my area, it will be a godsend for me.

>>18412873
Her feet are proof that its a reptilian

>>18412696
I bought a house in Wisconsin recently. It's comfy and nice and was only $125,000. You think it's going to drop below $100K? KEK. Delusional.

Housing will not crash like you want it to.

Kleros will buy me my Minoqua cabin.

>>18413597
Oh god.
That's the plan.
Thata why fiber is being laid across the country nonstop right now..

>>18415715
It's not impossible for rates to go up but the Federal Reserve knows that if they raise rates or somehow lose control of the yield curve, there will be a massive housing bubble crash, a bond market crash, and very likely a stock market crash. That would be against the interests of Wall Street so the Fed will do whatever it can to prevent that from happening.

The question no one knows is when the Fed will lose control of the yield curve. While it is guaranteed that the printing presses will be taken away, it's unknown if it'll happen in our useful lifetimes. That's an important point. As Keynes said, "In the long run, we're all dead." That's what the Fed is counting on, that people become discouraged and play in their crooked bubble casino.

>>18417987
>Housing will not crash like you want it to.
>Wisconsin
Housing crash occurs in the inflated markets around urban centers. Nobody cares about your cheap house in Wisconsin. No need to be ignorant my dude.

>>18415097
It was created to be like that to be a rickety energy inefficient crap box that needs constant upkeep and energy.

Simply changing how we build homes will save the country billions.

>>18415794
Get sum land
Buy an rv

>>18414277
So do the opposite of what you're saying?

>>18413597
This, add technology like VR/AR, increasingly fast delivery of goods and living in a diverse overpopulated low trust city is increasingly retarded.

>>18412696
I don’t know but it needs to drop at least 70% for houses to be affordable again for the average american.

I want to re-negotiate my rent, feel like offering half my rent price.

I just bought my 2nd house in Melbourne, Australia today at auction with equity from my 1st house I purchased a year ago.

No fears

>>18417777
checked

>>18413597
>2) If large corporations permanently switch to a remote workforce, then alot of people will move away from expensive uban centers and buy/rent in cheaper rural areas.

This will make the lovely countryside insufferably expensive and make the grim cities cheap. No thanks, the liberal city types can stay in their polluted hell holes.

>>18416409
Because you call everyone who does not completely agree with your old-fashioned views on economy a communist.

>>18413113
yeah, no. Unless the banks buy every single empty house/apartment (it's a possibility, they're buying the whole stock market atm) prices will go down.

>>18413597
you're forgetting something. The plan is to hoard people into megacities while the über-rich keep the countryside in their pockets. UN agenda 2030.

I live in one of the first countries that went into forced lockdown. I've been checking out prices and shit is already down by around 10-15%. When the real crisis hit, when things go back to """normal""" and there is a substantial portion of society that's unenmployed and bankrupt, things will drop by at least 40%. The amount of people that had mortgages being paid by rentals on other mortgages is staggering. The domino effect of people not being able to pay rent will be glorious. Well, from a cynical point of view, of course.

>>18412780
Absolutely. Jesus, if my job greenlights permanent telecommuting, I am moving in a week. I'm looking at perfectly livable houses (albeit technically fixer-uppers) in areas with high speed internet going for as much as a new Mercedes-Benz. Once the housing market goes down? I'll probably be able to afford to renovate on top of everything else.

>>18420534
If tech advances that much you won’t have a job because you will be replaced by AI. Your best bet is to learn a useful high skill trade instead of being a “telecomute employee” who can get laid off at the drop of a hat

>>18414973
While the Fed is shoving $ down their throats? You retarded son?

>>18420004
house prices cant go down if nobody can afford them.

Think about it. Prices are calculated from sales, not from "for sale' offers. Housing is like private equity, it cant "crash" unless it changes hands.

Who the fuck wouldn't borrow at 3-4% for 30 years to buy a real asset you can live in while the government is inflating the currency away at >3-4% a year. Literally only brainlets or poorfags continue to rent.

>>18420771
>house prices cant go down if nobody can afford them.

you're not making sense, anon. Of course prices will go down if no one can afford them. There will be many many many cases of people having to sell to cover expenses, failed businesses, etc. Since no one can afford them, they have two options: sell cheap to the banks or sell cheap to people that do have cash lying around. Not everyone will emerge from this as a new homeless bum, some will still have cash available and will definitely use it to scoop bargains such as these.

>Who the fuck wouldn't borrow at 3-4% for 30 years to buy a real asset you can live in while the government is inflating the currency away at >3-4% a year. Literally only brainlets or poorfags continue to rent.

Nothing will stop banks from raising those rates and even 3-5% will be too much for unemployed people. Get real, they have done away with the rights to private property "due to coronavirus" what will stop them from fucking you in the ass with your mortgage? the law? these people don't give a fuck about the law. I personally never """bought""" a house via mortgage since I know banks to be the source of all evil. Not buying until I have enough cash to pay for the 100% of the price. I don't give I fuck if I'm 55 when I make it, I'm not getting into debt with a bank over nothing.

>>18420700
this. stay the fuck away from equities, the market is 100% irrational. this is a new paradigm.

>>18413121
>not allowed multiple homes
kys faggot

>>18417987

wisconsin is filled with naive liberals who worship niggers

>>18420771
>Who the fuck wouldn't borrow at 3-4% for 30 years

no one will be able to come up with a down payment so the rate doesnt matter

>>18416157
>I'd be throwing away half my life-savings if I bought a house and a crash followed.


You'd be throwing away your savings regardless for being dumb enough to buy a house entirely in cash. USE LEVERAGE

>>18412696
https://www.reuters.com/article/us-jp-morgan-mortgages-credit-exclusive/exclusive-jpmorgan-chase-to-raise-mortgage-borrowing-standards-as-economic-outlook-darkens-idUSKCN21T0VU

lenders are already starting to tighten lending requirements. someone tell me what happens when lending requirements tighten and, at the same time, people have less money to spend due to "temporary" salary cuts or layoffs.

>>18421011

May I ask why?

>>18416056
Deals are always out there depending on how much $$$ you have. There are cash only sales and auctions. I got my house for about half of what it's worth in 2018.

>>18415665
commercial real estate outside of new york shitty is typically on a busy main street in town, a light industrial zone, or a strip mall. do you think people are going to spend $1200/month on a Schlomo Real Estate Developers "luxury townhome" that overlooks a strip mall parking lot?

>>18419876
Arguing with communists is impossible because they worm around and avoid definitions and won't explain their views. The only way to deal with you fags is call you communists first. That way if you have any left leaning views that differ from communism you will tell us and if you don't we have a clear view of what you believe.

It doesn't matter which of the above you are you all need to be hung I just refuse to play your word games.

>>18421060
Based.

Fuck commies
Fuck jannies
Fuck non whites
Fuck leftypol faggots

>>18421060
Take ur pills commie

>>18421060
>Arguing with communists is impossible because they worm around and avoid definitions and won't explain their views. The only way to deal with you fags is call you communists first. That way if you have any left leaning views that differ from communism you will tell us and if you don't we have a clear view of what you believe.
you are the reason there are commie bread lines in US

you never listen

>>18419776
While the air quality may be worse in cities, the rural lifestyle is far more taxing on the environment. To receive utilities, to upkeep the miles of empty roads around you, to have goods delivered is far more taxing on your end than in an efficiently positioned resident of a city in dense housing. This is the countryside delusion, that because you live nearby nature you're somehow more in tune with it (you're terrible for it).

>>18421158
argument of a liberal NWO faggot commie cocksucker
you are a fucking cancer but luckily, there is a cure

>>18412873
Gross. She smashed into the wall hard about 15 years ago

>>18421059
On any part of the 118 miles that is Long Island Schlomo would have that placed rented out minutes after listing. That price is a steal.

>>18421191
>little girl anime
You are a pedophile or a tranny, probably both

>>18421033
A whole shit load of bag holding buttmad boomers is what happens

>>18421038
Government statistics and policy target a 2% inflation rate. Private organizations pin real inflation anywhere from 2 to 10% or even higher if you include healthcare, education, taxes, housing, etc. Say the real rate of inflation is 6%, and banks are offering you a federally subsidized loan at 3.5%. That would put your effective borrowing cost at negative 2.5%, you are being paid to borrow, and you are purchasing an asset with inflation-hedging properties. This formula gets even better with small apartment buildings that qualify for residential mortgages.

>>18412696
I own a 6-unit rental property(that I live in myself). I just refinanced and now have 1.5 years of my mortgage in cash. How fucked am I

>>18421330
All of this magic number nonsense sounds good on paper but literally does not have any bearing on how things play out in real life. Is there a single, practical use for what you're talking about or are you just nerd flexing?

>>18421355
*would append to say that it's 100% occupied and all of my tenants are still employed

>>18421367
He's saying make as much money as you can while leaving the country because this is a shitshow.

>>18412696
>any day now

>>18412696
Apologize

>>18421060
You're right about communists, but that particular commie raised a good point. The housing market is inflated because of boomers, chinks, and management companies buying up large lots of residential land and leaving relatively scarce picking for the younger generations who are only just getting their shit together. People aren't going to start selling their primary residence just because of a housing market crash, however people will consider selling their 2nd, 3rd, or 4th homes if they were primarily investment properties. There are tons of livable homes that sit empty waiting for either a renter or buyer to take the bait on ridiculous prices.

If selling pressure is created either by market conditions or the government, it would be a net gain for millennials.

>>18421392
Really hoping this happens. I've been seeing Zillow listings in my area get $5000 or so slashed off the price this week, and that's just the shitty overpriced plots of land and flop houses that have been on there for 6 months already. No one wants the properties for sale at current prices. If you look at the map view of properties for sale, there are massive empty spaces in every single area where I'm 100% sure there are millennials paying out their ass for rent, and homes that should be affordable just sitting vacant in the hopes that some boomer can off it and make a profit.

>>18421385
For what? Central planners and policy makers made everything a wreck and you're going to complain about markets? Aren't you the guy who wrote that when society rids itself of markets the jew is made impossible and then soviet leadership was full of jews? kys you bearded dead failure

>>18421367
I literally just told you how to be paid to be rich. I used artificially low interest rates to buy small apartment buildings, and despite commie propaganda you hear on here, pay has continued far in excess of my low interest residential mortgages. I could sustain a 40-50% drop in rents and property prices and still stay solvent. Every ill advised government intervention creates winners and losers, best make sure you are on the right side of that equation.

>>18416157
What are mortgage payments

Housing will be up 20% this year just to annoy the commies who expect free houses on knob hill

>>18421059
They might not charge $1200/mo but people will rent it if the price is right. Have you seen how many ugly residential cuckboxes and stripmalls have been built all over America in the past 15 years? This country is ugly and has no standards.

>>18413121
t. Poorfag rentcuck Berniebro

>>18421450
I mean congrats and all but that doesn't sound realistic for like 9/10 people on here, or people in general. Sounds like you had several thousand dollars to wave around and decided to take the ultimate jew route and become an apartment landlord. Sure, I'd love to buy some rental properties and start taking in rent money but I'm a fucking poor millennial.

>>18421466

Why is it better to be in debt than not to be in debt?

>>18421527
>the face of absolute flawless victory
how can we even compete?

i've been saving for a house and I have about 120k cash for a down payment, problem is that I got "temporarily" laid off and they aren't going to just give a mortgage to someone on unemployment. my credit score is over 800 too but it won't matter

>>18421579
>$120k in cash
>for down payment

Jesus dude how dumb are you

>>18421590

eh, I didn't just lose half my money in the market crash like most other people I know

>>18421543
Because debt s free money. You aren't going to make it

>>18421579
>they aren't going to just give a mortgage to someone on unemployment.


Just lie about still having a job. Do they actually call your employer?

>>18421579
Buy a $100,000 house moron

>>18421646
Where the fuck are you going to find a 100k house in an area with high paying jobs?

>>18421646

Well, I was looking in the 200-300k range, so hopefully this time next year post collapse I'll be able to buy one in that range for 100k

>>18421579
You could fucking lie.

>>18421718
>>18421638
Yeah definitely, lie on your loan application where they require you to input your employment information, social security number, and bank account information. I'm sure they won't verify employment.

Fucking mongoloids.

>>18421673
I'm pretty much in the same position as you with pretty much the same amount of cash.
Who's gonna get it first? You or me? Will you buy the house but I decide fuck it and leave the country for a while instead while working remote somehow? We're both running parallel, but different lives and neither of us knows the other even exists besides some shitpostings on 4chan.

>>18421330
>>18421450
Based and real estatepilled

Its still a good time for investments, you may invest using DEFI , even though this is still at infancy but there are serious innovations coming to DEFI, example is Finnexus,ICTO model

>>18421673
Dude you are going to be so assblasted when you learn what inflation is and what causes it

>>18421534
I bought my first property with 100% leverage when I was a poorfag. Keep telling yourself you can't do it, less competition for me.

>>18421534
>Sure, I'd love to buy some rental properties and start taking in rent money but I'm a fucking poor millennial.

Not gonna make it with that attitude. Read more into real estate investing, more specifically into finding and financing deals. Google house-hacking. You can find a way to invest. Sell that link for a down payment. Start saving now. Take action.

t. Fellow millenial who just bought a duplex off market a couple months ago with money saved up over a year and a half

>>18421815
>>18421839
I have ~$5k in cash saved and zero debt. I make basically no money but I pay $650 in rent on time every month. Tell me, O Wise Ones, who the fuck is going to lend me enough money to buy real estate??

>>18421638
>Just lie about still having a job. Do they actually call your employer?

Yes.

t. Bankfag

>>18421579
I hate the larping in this board

>>18421867
>I make basically no money

There's your problem. No one's going to lend to you if you're not employed. Get a job.

If I have to spell that out for you, you're prob not gonna make it anyway. Nevermind dude. Just keep bitching about how the odds are stacked against you unfairly.

>>18421812

oh damn you're right i'll just put it all on link today thanks anon

>>18421920
Okay first off, you do realize how mouth-breathingly retarded it is to say "just get a job lol" to someone right now?? Read the room you fucking fag.

Aside from that, I'm employed with a business where I live as well as self employed with regular work when corona shit isn't happening. If I was paying $650/month on a mortgage I'd have a house worth $100k+.

>>18421881
The plain stupidity like buying silver at 100% premium is worse

>>18413218

Please don't come to N.Michigan; we have to deal with hordes of tourists in the summer and hordes of chucklefuck hunters in the fall.
Then it snows for 6 months out of the year.

The last thing we need is even more out-of-state speculators driving up property value.

>>18421971
>Okay first off, you do realize how mouth-breathingly retarded it is to say "just get a job lol" to someone right now?? Read the room you fucking fag.

>Aside from that, I'm employed with a business where I live as well as self employed with regular work when corona shit isn't happening. If I was paying $650/month on a mortgage I'd have a house worth $100k+.

Jesus fucking christ you're retarded. It doesn't matter if you're on unemployment right now you dumb nigger. You're going to have to get a job eventually once this shit blows over. Get financing then. I'm not saying you should be able to buy property RIGHT NOW, I'm saying look into why it's a good investment, the power of leverage, appreciation, how to get deals etc. But like I said, based on your responses, I think it's way over your head. I wouldn't even bother if I were you. Continue your mediocrity.

>>18422134
Wowee super brain detected here, my bad I didn't know who I was talking to

Get the fuck over yourself and provide some actual advice or kick rocks. It's the dumbest shit in the world when fags like you come on here and claim to have some secret financial knowledge, then never actually say anything and just talk shit to anyone that asks questions. If you aren't just another larping assmuncher, it shouldn't be that hard for you to explain. I know why property is a good investment, I know how to find deals. I'm simply asking for someone else's advice and experience but so far you're just being a fucking mongoloid.

>>18415097
this is like saying why do all Euros live in commieblocks?

There are lots of different styles of housing in the US

>>18421971
How do you get a 10/10 gf, how do you start a successful business, how do you find a rental property you can get with 100% financing? The answer is that no matter how you do it, its going to involve a lot of hustling. It will also depend on your location, income, savings and presentation. I spent 3 years looking for a first property. How I ended up with a property was: finding a retiring landlord who had a vacant duplex on a block that was entirely empty from forclosures, was selling at the end of the year and needed it sold by Dec 31st for tax purposes, and was willing to seller finance the rest of what I couldnt finance personally. You have to be bothered to get off the couch and find a deal, which is the hardest part because nobody is going to hold your hand, and many will naysay you.

>>18422172
>Get the fuck over yourself and provide some actual advice or kick rocks.

Spoon feed me

>I know why property is a good investment, I know how to find deals.

I already know everything

>>18422219
This

>>18422219
Finally an actual fucking reply. When I get into deal-finding mode I spend the better part of a day scavenging real estate listings in an attempt to find deals like that. Just the other day I saw a decent house listed for $5000 by a woman whose husband had died and left it to her as a rental property. I would have jumped on that shit immediately if anyone in my family was interested in helping but they just don't see the investment potential. I mean shit, that house was assessed at $38,000 and I could have owned it outright.

Any concrete advice for finding off market deals like the ones that have been mentioned?

>>18422235
Jesus dude you're this very specific personality type that likes to hang around on here.

>I have knowledge of the thing that's being discussed
>What?? You want to know about it??
>LOL figure it out yourself I'm just here to wave my dick around on the internet and insult anyone for being curious

You probably got beat up on the playground. Hope this is good therapy for you.

>>18421770
At least commies have the heart to believe in something, anything at all

>>18417331
Pittsburgh. Dirt cheap houses. Mostly white

>>18412696
I have been thinking about this a lot and it is really going to boil down to what area you live in and what the govt bailout looks like. Here is my reasoning.

>One thing is for certain, a LOT of people are going to be missing mortgage payments both landlords and house owners
>With the rise in remote working, as >>18413597 pointed out more companies and universities will switch to remote operations which I believe will mean that rural real estate will drop less (and may even rise) while high priced city real estate will bear the brunt of the crash
>However, the govt has opened up the money spigot and especially during an election year politicians don't want to be the ones voting against free money for needy people
>With all that said, what's the gibs that they will inevitably approve going to look like?

So should you buy or wait? Well here's some questions to ask

>Look at the price of the home you want over the last 10-20 years, how far up/down is it from 2006-2008
>What kind of mortgage can you get? If you live in a rural area with a good HFA system you can get a 100-200k house with no money down and 2-3% fixed rate for 30 years. If SHTF in housing those rates probably won't last, so you may want to pull the trigger and pay now even if you could theoretically scoop up a house for less later.
>Is the place you want to buy urban (city) or rural? If it's urban, it will probably have a bigger price drop than urban.
>Lastly, are you buying this as a home or as an investment property? If the latter, can you be sure your property will be in high demand as a rental in these times when no one wants to travel?

Personally I'm in rural new england. I'm working to qualify for all my govt loangibs programs right now and going to pull the trigger on a place within the next 6-8 months. If the price drops so much that even with a more expensive mortgage I could get a place cheaper, I will take the hit to my credit rating and walk away and maybe do a cash out refi.

i hope this is the end. i want to roast wild game over an open fire in the overgrown fileds of former gated communities. i want to gaze at the clear unpolluted night sky on the rooftops of abandoned mcmansions. i want it all to end and send us back to the bronze age.

>>18422589
if this is the end then odds are that you are going to be dead and not doing any of those things lol.

>>18422616
speak for yourself city slicker.

>>18422674
doesn't really matter where you are lol, you may have better odds than a city dweller but if the majority of people are going to die like in your scenario then you are probably going to die as well, even if you are super prepared and in a bunker you may just get unlucky and still die, either way you will probably be dead.