/biz/ - Business & Finance

You just need to wait forty years then they will go down and you can buy one when you are dead

>>19327667
im not expecting them to drop significantly. even if this shitshow did cause tremors in the real estate market, it would likely be at least a year from now before the results are seen in properties listings.
Even then, numerous other factors could possibly balance it all out and we wouldn't see a huge net effect

I think the real estate market had already been culled to a certain extent, of over-leveraged buyers/hodler, flippers, slum lords, w/e

over 8% of mortgages are in forbearance

>>19327667
america will eventually be like europe where all jobs are concentrated in urban centers and no one can except multi-generation landlords and rich foreigners can afford to own property, so everyone is forced to spend 50% of their take-home wages on rents until the day they die.

Prices are going up, renters and other houselets btfo

>>19327735

>eventually

>>19327667
They won't go down but you'll be getting $150,000/week welfare checks soon that'll buy you a house or a kg of bacon.

prices will keep going up and FED will be paying banks to loan to fresh somali immigrants $500k mortgages and then the IRS will be giving everyone $10,000 a month in direct deposit checks.

>>19327732
won't really matter. Even when they foreclose, the banks will take them off the market and only offer up a fraction of their foreclosure properties for sale. Like what De Beers does with its diamonds, they'll just withhold the properties in order to keep supply artificially low, so as to get as much ROI out of the properties as possible.

>>19327702
kek

"buy the dip" rentcucks BTFO

>>19327667
Of course not. Trumpbux were a proxy bank bailout, and the forbearances are only happening because the debt owed by mortgagors is orders of magnitude more valuable than the house itself.

>>19327872
The last thing a major bank wants is to own millions of vacant suburban houses. The properties will be bought by investors for half the price that the foreclosed owner paid for the house.

>>19327857

The civil war will start long before that

>>19327667
Let me see OP. You're a millennial, you want a house. You keep saying why not house cheap. Times that times your entire generation. Why demand never go down? Oh right.

>>19327872
Lol, what a retarded imagination. You think all banks act together the same way? Banks are owing the money they give to you themselves. They can't just become housing administrations until prices go up again

>>19327667
6 months to 1 yr for solvency to settle into the housing market

>>19327872
>>19327995
Banks will be selling them in volume discounts to REITs.

I'm just a 29yo boomer who has had enough money for a 20% down on a starter home (60k in my retarded market) for several years now but I've been holding out forever because I know metrics like house price:annual salary ratio are massively decoupled from how they've been for over a century and I figure it can't last. I thought Corona would knock off all the boomers and force all the airbnb slumlords into insolvency and flood the market with cheap houses. Instead the opposite is happening and already artificially low supply is just drying up even further.

If a global boomer-killing plague can't cause property prices to come back to reality, then what the fuck can? Now I feel like a retard for not FOMOing into property like a braindead fuck 2 years ago, I'd already have appreciated +20%.

>>19327969
Can you explain this to me like I'm a brainlet? Are trumpbux a bank bailout because the checks just go straight to peoples' mortgage payments? How can the debt on the house be worth more than the house? What is forebearance?

>>19327667
Housing prices will never fall. There will always be flippers who keep pushing prices up.

>>19327667
coronavirus will kill house prices long term. people are just starting to realize that they don't need to work in a city, travel to a city for work, or be at work for mandtaory 40 hours a week - all thanks to corona. the next great migration will be white people leaving cities and suburbs altogether and buying large amounts of land in fuck all nowhere with good internet connections and unironically probably becoming their own farmers and shit on top of working from home.

coronavirus is bullish for white people in america.

>>19328255
Haha no white people are getting destroyed, losing their businesses and losing their savings to inflation all to bail out the browns and import more

>>19327667
>>19327725

>even if this shitshow did cause tremors in the real estate market, it would likely be at least a year from now before the results are seen in properties listings

In real terms 15-20% of banks loan poetfolios are now in forebearance or only making partial payments. Assume another year of forebearance, 3-6 months forclosure proceedings, 3 months for banks to sort out logistics of returning prooerties to market. There will be a lag period but supply is about to go through the roof in the next 24 months.

>>19328283
long term.

fuck boomers fuck real estate investors i want to buy a fucking house already but faggots inflate the price and hold firm rrrrrRRRREEEEE

>>19327667
melt up just like the stonkmarket. I bet stonks will make new all time highs before the giga crash

>>19328286
Literally nothing

>>19328255

yeah white liberals fleeing the cities and moving to rural america to buy up all the remaining cheap land is definitely bullish for white people in america how could that possibly go wrong

>>19328198
Hes saying banks win more by being forgiving on missed debt and collecting their 500k interest over 30 years than they do by flipping your property onto the market for 300k.

>>19328286
>supply is about to go through the roof in the next 24 months.
God I hope so. I just hope I have the patience to wait that long in my current rentcuck shed. I can imagine property prices dropping 5% and me just flying off the handle and buying something prematurely. I've been waiting so fucking long for the tiniest dip.

>>19328310
white liberals don't have the money to do that, and you're also over-estimating the amount of non-liberals that either take a daily train into the city or are altogether forced to rent downtown. removing this entire population will cripple urban cities. inner-city liberalism only effects retards that have lived their there entire lives and don't know any better, or the room temp normie who moves there and falls for all the 'political-machine' inner-city memes because he/she either had shit parents or a shit life growing up.

fuck boomers

>>19328283
Brown people like this retard love to make up fake theories in their monkey brain and pretend they’re real life.

>>19328385
white liberals AND people of color*
under-estimating*

sorry

/x/tard here
we live in a subjective panoptical Torture Matrix in which boomers never die and the sim-manager archons extract energy from our despair. this is why meditation is hard and why wasting hours on 4chan is easy. they feed on your angst and to a lesser extent, your cummies. to deny them your energy you must be relaxed, go outside, bask in the sun, and never fap or coom.

>>19327667
Land is the most manipulated market, so maybe

>>19328198
fiat death and the end of negative rates

>>19328372
>>19328303
Ill admit im a little out of my element when looking at something as illiquid as real estate so maybe my months are off but just look at the graphs man.

Interestingly enough 15-20% of loans are in firebearance but only 9% of borrowers are, which means A LOT of real estate incestors are going to be fucked at about the same ratio as primary residences will be.

>>19328394
I hope in the afterlife they get to rewatch their lives and then everyone else's so they know how good they had it and how bad they made it for everyone else.

>>19328286
this, we still have some time, and even then they'll dip 10-15% max. The best chance op has is finding a private seller who is desperate to get rid of the property.

>>19328440
Its the jews anon

>>19328198
>Can you explain this to me like I'm a brainlet?
Sure. You're probably not that much of a brainlet. The entire system is pretty complicated.
>Are trumpbux a bank bailout because the checks just go straight to peoples' mortgage payments?
In essence, yes, even though that isn't where the majority of the stimulus checks ended up. Yes, a significant portion of CARES payees used their checks to pay debt, but in a what can only be described as high dramatic irony, a non-trivial portion used their checks to go straight into the equities market. It makes sense from a market perspective, especially if you see the current (highly unstable) recoveries in market indices.
>How can the debt on the house be worth more than the house?
Because home prices change with supply and demand, but predetermined contractual balances are forever - at least, until they are paid or defaulted. If I were a bank with ownership of a house with an inflated list price and I was able to get it sold at the height of a bubble by lowering my down payment requirements, the last thing I want to do is have my mortgagor get out of their obligation with minimal equity while home prices collapse. I'd rather beg the government to "help the little guy" so my basket of home loans I use as collateral for funding doesn't become junk due to having under-performing or non-performing loans within that said basket.
https://www.investopedia.com/terms/s/securitization.asp
https://www.investopedia.com/terms/m/mbs.asp
>What is forbearance?
A flowery real estate exclusive term for a temporary, non-standard payment grace period.
https://www.investopedia.com/terms/f/forbearance.asp

>>19328440
>the sim-manager archons extract energy from our despair
I felt this way during the crypto crash of '18. It feels like all financial bubbles are just instruments that some extraplanar hellbeing invented to extract emotional energy from gullible humans. Not just simply inducing euphoria or agony, but specifically switching between the two as rapidly as possible by yanking the markets around. It's the rapid emotional oscillations that create the energy that they siphon off.

>>19328592
Thanks, that all makes a lot sense.

>>19327872
House, unlike diamonds cannot just be locked away in a safe. It will costs money to sit on empty housing stock.

>>19327732
i know that's not great, but honestly i expected more, since we've been told that the majority of americans don't have a spare thousand dollars for emergencies. assuming things don't immediately recover and all lost jobs return, there's no way that doesn't jump up to 15% next month.

>>19328185
So wouldn't a company that can flip them to buyers for more than fags like blackrock want to buy them for make money? Realestate maintenance is HUGE, not many large companies want to touch it especially with Nasdaq looking like it does, blackrock nearly went broke over it... I'm not expecting a crash I think it will be 10% or less, I still think... and conceit that I hope... there will be a dip.

>>19329147
I would assume most of the people who lost jobs which aren't coming back probably weren't the people owning property in the first place. We're talking service, hospitality, tourism etc grunt workers.

>>19328255
Based, I really hope this happens

>>19327667
Asset price inflation via Cantillon Effect.
Ever since gold standard abandoned in ‘71 it has been inevitable
https://m.youtube.com/watch?v=rv5xl1AEeQs

>>19327667
>never going to go down
yep never happens

>>19329287
incomes on the whole have been wrecked, regardless of status. sure those with more resources are in a better position than those with less, but upper class americans still have higher monthly expenses than those below them. with income prospects bleak, i dont think it's reasonable to assume delinquency rates to stabilize right now.

>>19329329
Yeah while you are waiting in mommy's basement for 40 years another 50 million Mexicans invade raising prices even higher

>>19328394
The problem is that they dont NEED to sell their houses. They can sit on them until the day they die, which given the alarming number of people that are dying in their 60s these days, won't be much longer.

>>19327667
It's almost as if the whole system is built upon debt based upon overvalued real property or something

>>19329432
>People dying without collecting social security
>Alarming

>>19327667
nope

FUCK BOOMERS

>>19327667
the things is, nobody wants to buy and old house. it looks like shit and it may come with high repair cost soon in future. so, all the land areas nearby bigger cities are already in use and have old houses on them => people cannot
build new houses close to city centers => less inventory to new houses that people exclusively want to purchase no drop in price since there is so little good offerings compared to demand

>>19329432
Boomers will outlive most millennials just look at actuarial tables millennials are obese aids infected meth and heroin abusers who guzzle alcohol and weed and monsters

>>19329493
>nobody wants to buy and old house
eh, that's not what the market shows. also, "old" house is fairly inconsistent between cities. old in los angeles is like 150 years, old in vegas is like 40

>>19329493
True... I'm not buying into the whole "just gut it to the foundation and rebuild it, the land bro! The land!" meme

Government will just ship in more 3rd worlders and buy them houses on your tax dollars.

>>19329512
in los angeles mostly only white people buy houses closer to costal, any inner inner city area is a shit hole outside of beverly hills. and in costal area the most demand goes for newer houses. also you have vastly different repair/upkeep in california than in canada or maine where the winter is tough. in california you could in theory purchase very old mansion because of the weather conditions are so gentle

>>19329512
What he was saying is that he doesn't know how to do basic man stuff like change a lightbulb or paint a wall

>>19329570
I think you're wrong. Sure older homes are generally less expensive than newer, but property transactions are still occurring every day. There are buyers for damn near every property valuation.

>>19329493
Where I live, all the housing is 100yo little bungalows on 1/4 acre. They sell like hotcakes for $300k each. I've noticed that there are empty lots nearby, same size, that have sold recently for literally the same price. That means that when/if I buy a house in this area, what I'm really buying is the land with a rotting cardboard shed on it that is so ramshackle and depreciated that it's essentially worth zero.

Just another joy of homeownership to look forward to. Buying a house for 5x my annual salary just to need to rip the whole fucking thing down in 5-10 years and spent another 3-4x my annual salary to build a new one. Allocating 8-10 entire years of my productivity as a worker drone just towards having a modest roof over my head. And there are literally no other purchasing options around unless I want to move 45 minutes out into the country.

in los angeles mostly only white people buy houses closer to costal, any inner inner city area is a shit hole outside of beverly hills. and in costal area the most demand goes for newer houses. also you have vastly different repair/upkeep in california than in canada or maine where the winter is tough. in california you could in theory purchase very old mansion because of the weather conditions are so gentle

for example, in manhattan the demand for newer houses if 100x than for old shitty high priced apartments, as nobody, as always, wants to start repairing things.

>>19328440
based /x/tard

>>19329640
Why does every jobless millennial deserve a brand new home in malibu?

>>19329640
SLC?

>>19329493
I'm unironically am an architect and I'll take a hardwood framed dive over a faggot fibre cement parapet that will UNIRONICALLY fall apart in 5 years. Literally and unironically using fucking timber ibeams under the floor like I want to count on 9mm of plywood to keep up your fat mum when she visits fuck damn dude if only you knew.

>>19329701
Western WA. About an hour commute away from Seattle city limits.

>>19329687
Literally all I want is a modest 800sqft rambler on a quarter acre in a not crime infested part of town that's less than a half hour commute to work, without having to pay 3x what boomers paid (in inflation adjusted dollars) for the same thing 30 years ago.

>>19328592
thats some solid advice anon
What do u generally recommend in terms of buying/waiting on housing market

>>19329500
so the house prices will tank even further because the next generation is not there to buy them

>>19327872
This. They literally did it in 2008. Fucking retards in here I swear to god.

>>19329809
You make 10 times what boomers did but waste all your money on weed and avocado toast and pedo cartoons

>>19329842
banks aren't the only source, mane. check local county auctions. two counties in nevada have had / are having fire sales for all delinquent properties they have. townships are going bankrupt and they have no tax revenue. i guarantee nye county is not unique in this situation.

https://news3lv.com/news/local/nye-county-auction-580-properties-online-support-essential-services-property-coronavirus-covid

>>19329838
Nope you have been replaced by productive people

>>19329882
Your bait's getting stale, go fuck off to a new housing thread with a fresh ID already.

>>19329842
I DONT KNOW DAVEY do you super think that big corps like BLACKROCK are going to buy them up again after they nearly went broke in 2015 or whenever it was coz' they realised housing sucked as an investment and had to get ol' OBOMBER to bail em' out...? I WOULD NOT BE SO SURE

>>19329842
Millennial retards dont remember that housing prices soared after 9/11 and 2008

>>19327667
They're never going down. There's already a huge surplus of empty housing, it doesn't matter. Most people really don't understand the sheer hatred that the rich have for everybody beneath them.

>>19329493
as long as it has good bones and has been updated, there's nothing wrong with an old house. old houses come with many benefits like larger lot sizes and neighborhoods that were developed with walkability in mind instead of large arterial roads. I would live in an old neighborhood in my city if I could afford it.

>>19329529
but it's possible to gut them down to the frame and redo them and they are like new again

>>19329920
*2012, I might of been flapping the lizard peeking over the fence at your sister in 2008 but I know how to read a fucking graph faggot.

>>19327667
imagine not buying a house for what its worth.
get scammed, kiddo.
#boomergang

Can we hope that lots of these boomers WL get desperate to sell for their retirement and end up selling at a big discount?

>>19327667
the home is nothing but an overpriced shelter designed to keep you yolked to the jews monetary system. since the dawn of time man has made his own shelter and did just fine. stop looking at it as anything more than that and you will see the truth. your all being played. also it only costs around $30k in materials to build an average middle class home. LOL.

>>19328612
I could see this, but then why not just pump us full of drugs.... outliers would be more extreme with drugs

>>19328568
They know. They don't care. Just like you don't care about the starving homeless enough to sell your properties for less than you could.

>>19327757
>>19328283
>>19328303
>>19329412
>>19329500
>>19329589
>>19329687
>REEEEEE

>>19329640
Move further away with cheaper housing and so people can hear you whine less.... nothing is giving you little bitch

>>19330069
>he doesn't live in western WA.
stfu

>>19330069
IF NOTHING IS GIVING WHY HAVENT I GOT ANYTHING FROM NOTHING YET?

>>19329914
Truth hurts bitch

>>19330101
Youre ugly, that’s why

>>19327667
You could have been getting equity all these years but you didn't, you couldn't, you had to pay someone else's mortgage. It's not our fault you're retarded. *sip*

>>19328440
Probably true

>>19329994
Has to be real emotion. Think of the difference between eating a pile of sugar vs eating a warm, fresh home-baked cake

>>19330204
If I bought a house 3 years ago I would be paying more on interest than renting, riding a lawn mower sure looks fucking fun though.

>>19330204
how are people homeless they should just buy a house

>>19327667
We will have literally daily mass shootings if things continue like this

>>19330440
i sure hope so. i can't take any more of this bullshit. every thread is salt mining millenials. FUCK YOU ALL

>>19330415
Millennials have this funny idea that a boomer is going to give them a free house because they memorized all the isms

abolish landlords!

just like the boomers propped up zombie companies and the stock market
the boomers will prop up their precious housing market
whether it be enabling policies that force foreign investors to stash wealth by purchasing land in the US i.e. chinese, importing immigrants, or increasing the loan period to 50 years with 1% down payment
they will do whatever it takes

>>19327732
Even your exaggerated stats are underwhelming

>>19328198
just take the clown-pill and fomo

>>19329493
>>19329785
My main issue with older homes (and I mean 90+ years) is that even when the frame is solid, they just accumulate so much shit tier self repairs and nigger-rigging from gypsytier contractors that you often have to tear room down to studs and just start from scratch in portions of the house.

Stuff like floor tile not being laid on mortar properly and cracking, electrical outlets and boxes not being properly set in the wall, cracks running through the wall/cieling in the plaster since the foundations have settled in an uneven way. In general these things are going to be WAY worse in a newer boomer mansion as they age, but it just bothers me to try to fix one thing and have to repair 5 different fuckups from 40 years of work.

>>19330657
Landlords provide a service we should just abolish renters because they are dumb and commit lots of crime while being parasites

Houses provide a guaranteed return unlike any other asset

>>19331433
You really need to switch IDs man, its getting sad and obvious at this point. Also, we're trying to have a discussion about home pricing, if you want to shitpost at zoomies keep it in the 593th thread titled 'why aren't millenials buying houses'.

And not that you're posting in any kind of good faith, but for any underage reading this:
>Houses provide a guaranteed return unlike any other asset
is totally false. It is always possible to end up underwater on a home loan, especially when the contract was made during a bubble like ours.

>>19331565
Just filter him, he has 14 worthless posts in this thread already.

>>19327667
It's a bubble. For profit home owners are degenerates who are chained to their investment, lest they literally become homeless.

>>19331407
Property rentals should be managed by the state with no profit involved, problem solved. Owning land for speculation should be banned.

>>19331565
No you retard renters always brag that you are getting a 6% guaranteed return on the stock market while in fact you lose money on penny stocks and shitcoins. I will take my guaranteed 14% return on my house

>>19328119
Shut up boomer

>>19327667
>population keeps growing
>not enough houses to meet demand
nope

>>19331877
>Times that times your entire generation. Why demand never go down? Oh right.
Hes not a boomer, hes a shitskin.

>>19327735
>europe
>50% of their take-home wages on rents
Did you know that American rents seem astronomically high from a German perspective? (Germany is in Europe)

>>19331894
That's because Germany is a shithole filled with Africans and turks none of whom work so they get free apartments

>>19329882
I pray to God every day to remove boomers like yourself

>>19331767
What part about someone complaining about putting overhauls into old homes makes you think they're renting all those older properties? Are you just running a script little zoomie? Was your dopamine getting low again?

Also, who the fuck is still invested in the stock market at this point? Nothing is paying dividends and all the smart money is divesting. And no one with white skin is investing in Rajeesh's shitcoin dejour. Anyone with brains and money is already in PMs.

I'm posting this mostly because you're a shit tier (you) farmer and you troll like a newfag. You can't just pack a reply with a wad of obvious bait like that and expect it not to stick out. You have a line about the poster being a renter, a line about them being a stock/shitcoin gambler, and a line about your totally guaranteed 14% return. You're just checking boxes man, there's no organic flow between the topics. It comes off as artificial and forced. If you want to learn I can teach you, but right now you're just showing your ass.

>>19327667
its all a scam. the plan is to force people to share together consolidating space and increasing the pressure to not have any kids.

The agenda is depopulation and you are living in it. I believe the only viable alternative for many people is to just pack up your stuff and go live in a part of the world with nice weather, cheap stuff and work on the internet.

>>19330477
explain

>>19332049
Oh look a chart, why dont boomers realize that prices should never change even over decades prices should be the same. As a millennial I want to stand in line for rationed gas and 15% mortgage rates because things must never change

>>19329918
Stick to drawing pictures, investing isnt for you.

>>19332191
Little zoomie, are you going to pursue getting better at trolling or are you going to continue to be mediocre in every aspect of life?
>>19332066

The choice is yours

>>19332529
I'm a boomer just trying to help you millennial retards not become homeless ya know because it's not your fault you didn't have dads, but keep throwing your rent away if that gets you revenge on old people

>>19332562
You're not learning. You just strung a bunch of shit together to try and get a rise again. You claim to be a boomer, call people millenials and retards, take a fake highground, call them fatherless, and accuse them or throwing away money out of spite. All within 1 line of text.

This amount of garbage is too dense, and is immediately read as a bait post. Why do you think you're not getting other replies on these? You're the youngest person here and its obvious. If you lurk moar, and study hard, you'll eventually be able to net more than 2 angry (you)s in 19 posts.

But you're a dopamine chasing zoom-zoom aren't you? So you'll just keep replying, and keep failing, because you're too little to know how to learn.

>>19332066
>PMs
are those Portfolio Management Services?

>>19328119
Hope you weren't planning on being a landlord boomer. Where do you think the mortgages that became toxic mostly came from? People who lost their jobs? No, boomers like you taking out seven to flip using wetback labor dying from a fucking cold, that's where. Banks are now aware that age becomes exponentially more dangerous as it rises; as is typical, lenders learned nothing from 2008, they just found a subprime market that looks good on paper. I already own my home, so no boomer muh dicking about the house you paid a fifth of the cost for in formerly nice neighborhoods being overrun by niggers. Looks like I'll be getting your project houses on the cheap, thanks for renovating them bitch

>>19332761
No, Ag, Au, Pt, Pd.

We never really fixed the underlying issues that allowed 2008 to happen, and we completely blew our load trying to keep it from spiraling into a depression. It worked, in that we patched the hole in the boat with paper, but the FED is basically out of ammo, and all they have left is money printing.

Right now, the dollar is maintaining its value despite all the BRRRR because foreign demand is so high, and its still basically the world reserve currency. This is deflationary, and the last time the dollar got this strong compared to foreign currency was 1929. Once the foreign demand tapers off, they're still going to be doing full bore QE and that's when the inflation hits home and starts taking off. Prepare to see people and wealth fleeing into perceived safehavens.

I honestly hope to rumors about JP Morgan buying all that silver on behalf of the US gov and storing it in military bases, or $600 trillion in gold being seized, and a PM backed federal crypto are real, because if we don't have something to move to when the USD finally goes tits up, a lot of stupid, angry people are going to take to the streets when they wake up and find that not just the housing bubble, but all bubbles, and all economic output is now burning to the ground.

>>19329979
This is false. Homes are investment vehicles as much as shelter, risk free ones at that. Dont worry about the 15k yearly property taxes and the front loaded interest that essentailly makes you pay double your house price over 30 years. those are all tax deductible. When you buy a home you have an opportunity to live a few meters away from the best neighbors in world where youll build a great network for the future of your mulatto bound kids. They definitely wont be spics or niggers that make you regret paying close to half a mil on a cardboard box that has planned obsolecence of a span of 20 years and even if undesirables do start populating your area you could always just sell your house and leave. Its just a 6% fee and its guaranteed that you'll be able to sell it for more than you paid for because, heck, its been that way for as long as your zoomer ass has been alive. Owning a home is literally a no-brainer over renting, and is the best way to get rich essentially risk-free. The best part? It will always be this way.

>>19328198
JUST BUILD A NEW HOUSE ON A LOT YOU FIND

What I don't understand is with all these mortgages in forbearance who is paying the bondholder of the mortgage backed security? I saw recently that Icahn was shorting the Commercial Mortgage Bond market which is a pretty obvious trade, but not MBS.

If you have millions of people not paying their mortgage and the mortgage service provider can't collect payment to pay the bondholder something has got to give. Unless of course the Fed is paying them under the table to keep paying the bondholder and keep everything propped up, which is probably what's going on.

>>19333031
I doubt mortgage interest + property tax goes THAT far in good itemizing, but I mean I'm from poopoo town where property tax is like $500. Idk man, call me brainlet or whatever, but labor costs + material + land seems far more inexpensive and contributes to the state/country better than shilling out already well developed areas. But I mean, gotta make boomer gains rite.

>>19333462
>paying the bondholder of the mortgage backed security
i don't think anyone is. icahn may simply not see that as profitable as shorting commercial real estate, doesnt mean those MBS wont crumble.

>>19333436
Why yes, I'd love to pay $300k for a quarter acre parcel of land so I can build a $150k little house on it. I'd love to pay nearly a half million dollars just to be able to own a roof over my head. Who wouldn't? Especially when boomers paid $100k inflation adjusted for the same thing 30 years ago.

I don't even live anywhere super urban or population-dense, it's a suburb about an hour away from seattle city limits. and I am not talking about a fancy fucking house, I am talking about an 800sqft bungalow. yeah I guess fuck me for being born and raised in the PNW on the outskirts of a property bubble, I should have to move 2000 miles away to flyover country just to afford a house, right?

>>19331894
Did you know that America is a much larger country than Germany, and even Europe as a whole and that rents in one area, like NYC and another like Milwaukee are going to be worlds apart?

>>19327667
No, probably not I mean what's happening now at least in places like where I live is what's a called a condex. So they take a big Victorian era house that had like 8 bedrooms and 12 baths and a bunch of other random rooms and put up some walls and stairways and make it a "condex" which means a condo conversion. Or they do the same thing with a duplex / triplex / quadplex.
Basically the contractor comes in and says fuck it I'm not dealing with rents and I'm not sitting around trying to sell a $1 or 2million dollar property that I'm going to get pushed around on the price with so let me chop it up into pieces and let people outbid each other for a condo and then the contractor has cash in hand for another one, they can also live in it for a year and not pay any capital gains tax lmfao.
Bro the system is so rigged in favor of real estate it's not even funny.
Keep in mind how much Chinese funny money is being pumped in plus the lowest interests rates since ever. Why would it go down?

>>19333749
Well rent then you cuck, lifes a struggle and you have given up

>>19331743
>government ruins yet another market with shitty short-sighted policy
>let's give them control over the entire rental stock as a reward

Why are lefties like this?

>>19333828
You just keep falling into the same ineffective baiting pattern you little zoomie.

You wrote a sentence only 13 words long, and managed to cram it full with calling the poster a renter and a cuck, while throwing in some pull yourself up by your bootstraps line. N body actually talks, or even types like you're doing when they're not deliberately trying to piss someone off. And everyone who's old enough to be on this website can see it from a mile away.

Its clear I'm hurting your ego by pointing out why your paint by numbers baitposting isn't working, which is why you won't reply. Maybe if you make 20 posts in this thread you'll get that dopamine hit. You won't always be an underage zoomer, but you will always be too low IQ to troll decently.

>>19334218
what the fuck did you say to me you little shit you should know i graduated the top of my class etc etc

>>19327872
while getting pumped with government stimulus to help them be able to just hold taxable inventory that bleeds money year to year? if that's what ends up happening owning a house is the least of your concern, everything will be trash at that point.

>>19327667
>prices went down and up

What?

Real estate is the least liquid asset and banks haven't even started the fore closure process yet. Give it time goyim.

>>19328568
>I hope in the afterlife they get to rewatch their lives and then everyone else's so they know how good they had it and how bad they made it for everyone else.
You're giving too much credit, and asking way too much of boomers. As a general rule, boomers are not to be trusted with anything of importance. Instead of treating them with compassion thinking they'll actually care, you need to be treating them for the narcissistic and globalist scum they are.

>>19327667
In Canada mortgages are guaranteed by the government and they wonder why it costs $1,000,000 for a studio in Vancouver

>>19334546
I recall someone posting an article that said some county in TX started evictions again. The ride is only beginning.

>>19328296
The ultimate strong hands

>>19327667
As long as boomers have a say? Never. You either buy their overpriced scam bags or you rent a cuckshed. You want to have a place, don't you? You will wageslave.
There's the third option. You become a bum.

House prices are literally down 20% where I live. The 38 year disinflation cycle is over. The worst investments over the next decade will be bonds and housing.

Single, Chad, Real Estate Appraiser here, been doin it since 2001.
Buying a house (these days) is foolish!

>>19329640
45 minutes sounds like a blessing
I’m Canadá it takes 5 minutes to just get out of the driveway

>>19328440
Read “The Hounds of Tindalos”

>>19329640
Based and TRUE!!!!!!!!!!!!!!!!!!!

Well you guys could always go to trade school. You earn money towards your own home and lower home prices at the same time. If we all pitched in we would fix the problem!

>>19327667
>House prices are literally never going to go down, are they
NO, I CAN'T EVEN GET UP THE STAIRS AND MARTHA ALREADY DIED BUT I'M NOT LOWERING THE PRICE ON THIS 5 BEDROOM YOU NIGGER I'LL JUST GET A REVERSE MORTGAGE TO COVER MY BINGO GAMBLING AND GOLF CLUB FEES BECAUSE TOM SELLECK SAID IT WAS COOL WHICH WILL CUT OFF THE GENERATIONAL WEALTH IN OUR FAMILY SO YOU'LL BE STARTING FROM SCRATCH IN A WORLD WHERE THE MAJORITY OF U.S. REAL ESTATE IS OWNED BY CHINESE BILLIONAIRES THAT HATE YOUR FUCKING GUTS

GET ABSOLUTELY REKT MILLENIALS, HOPE YOU ENJOY YOUR INTERRACIAL ORGIES ON THE STREET YOU GODLESS SODOMITES, NOW GET BACK TO YOUR SLAVE LABOR SO YOU CAN FUND MY SOCIALIZED MEDICARE BECAUSE I'M ONLY A CAPITALIST AS LONG AS ITS CONVENIENT FOR ME

>>19334935
>and lower home prices at the same time.
how does learning a trade kill boomers? are we gonna Fortunato their asses?

Home prices here will be quite stable as long as the top 300 high school is in our neighborhood.

>>19327667
oh no 8%
i was hoping to snatch some mansion in florida on cheap back in 2009. no luck. don't believe the news

>>19331894
>American rents
Oh not again. There is no such thing as THE american rent. Or the german rent. Prices vary depending on the location. From $300 to $50k how is that

>>19329653
>white people
Most of them are Jews, Persians, Armenians, and of course the real white people are yuppie tier.

Home prices seem pretty stable in my market. Even if they went down 10% I wouldn't be able to afford one.
I'm not going to buy in the hood or excuse me a "path of progress" neighborhood just so I can say I own my house and have an even bigger monthly nut to worry about.
I like the idea of owning my own home but not because of FOMO and not if I have to stretch myself too thin and get over leveraged to do it.

Like I've been saying in this thread, housing prices might stutter but they're not going to fall to any meaningful number. Just like you shouldn't buy in for the reasons above, you shouldn't sit on the sidelines because you think some massive crash is imminent.

>>19332562
If i didnt have a dad i wouldnt BE homeless. So fuck him and fuck you.

>>19332974
> FED is basically out of ammo, and all they have left is money printing.

Wait for the tax returns, more helicopter money, more tax returns, and FED buying anything it gets its hands on. You have seen nothing yet. We have a long way to go.

>>19332974
also based af

>>19328394
God I fucking hope so.

A correction needs to happen. I honestly hope the entire housing market crashes to the point where houses become affordable.

>>19329432
HOOOOODL HOUSE CHADS REPORT IN.
No losses unless you sell
Read my lips whippersnappers:
FROM MY
COLD
DEAD
HANDS

>>19333749
Nothing’s given, maybe put forth a little bit more effort at improving yourself.. a million dollars today isn’t really that hard to make. Don’t just sit in you shithole and complain about housing prices

>>19334726
This is probably a larp, but
What is your professional opinion on when is a good time to get in ?

>>19337723
Never, prices are constantly going up. There is no such thing as a "market" in housing.

>>19334965
I hate boomers so fucking much holy shit

>>19328255
cities are fun places to have sex, fuck your countryside