/biz/ - Business & Finance

>>29608044
care to expand?

>>29608270
Houses did a 2x in worth for the most good areas over the last 10years. The bear market for that industrie is near, especially when the chinese stop investing into it.

>>29608541
Time for some investment properties in that case

Holy shit you mean I might be able to afford a house in the near future?

After the "M2 doesn't effect inflation" economists we have, housing prices will soon be worth what they should be with no additional intervention.

>Crypto goes up
>Gold goes down
>Housing goes down
>Stocks goes down
Yeah I’m think we made it.

>>29609072
Yes, the chinese investment money that keeps prices high should also dry up soon enough.

>>29608044
>could of
Stopped reading right there

Average house price where my parents live is 1.2 mill, checked our friends house, they inherited it from their parents, average in the area is 2.3 million. Yeah I’d say I’m never gonna own a house in my area.

>>29608541
>The bear market for that industrie is near
I dont think so
souce: inflation

>>29609713
You know about all the people who dont pay rent and all the landlords that have now debt by the banks because of it? Many objects will flood the market in the near future.

>>29609908
What happens when this happens?

>>29610438
It deepends, either large firms buy all the dip or prices drop.

>>29609908
''you will own nothing'' anon
I cant bbuy an house my ffather could
houses always go up

>>29608044
>"could of"

>>29610652
Not really

>slightly more people than the whole 2009-2012 crisis are in a state of default/delinquincy, meaning evictions and foreclosures are to come just as hard as a decade ago
>except this time, it's over the course of one year rather than three-four
>oh, and it's still illegal to foreclose on people so it's just building up
>and many people are still unemployed and the labor participation rate is skyrocketing

i suppose there *might* be a bit of cause for concern.

>>29611055
>skyrocketing
scratch that, dropping

>>29610792
What is the cause of this? Did suburbs just reach saturation?

>>29608541
Low interest rates plus millions of people still wanting to buy their first home. I don’t see a crash coming for awhile. Maybe a pullback but nothing like 2008.

>>29611792
boomers got access to the internet and subsequently used it to find out how to buy up every last bit of purchasable land in america. if i recall, there were still homesteading opportunities in certain parts through the 90s, but that is since gone. everything is now privately owned, or owned by various military depts or the blm

>>29611792
Globohomos and (((they))), world wide and fast investment made it possible.

>>29612045
>>29612078
The internet? Really? wow

>>29612175
Just think about it, its easy to purchase things all around the world now. You couldnt really purchase land outside of your commune before, at least not without hopping through many loops before. Thats also the same reason why offshore firms are such a rising market since than.

>>29612415
Has this applied to any other geographically constrained assets?

>>29612504
utilities and natural resources like forests and water definitely, a favorite of warren buffett.

>>29612504
>>29612940
Its all hidden in stocks, just look at theire charts.

10 year goes up a few basis points and the housing market collapses overnight lol

>>29608044
two comments
very location dependent: ny, cali and ill are fucked
texas and florida are going to go up, outflows from crapholes into the few good remaining options will distort prices

and second fed prints currency out of thin air, fed gives said currency to their friends in blackrock, blackrock buys up all the real estate for essential no cost
enjoy your feudal living arrangements i guess

Boomers and Chinese have encouraged our society to kick children out at age 18

Take the multigenerational living pill to leave them holding heavy bags on their speculative investments in real estate

>>29613010
well yeah, but stocks have been easily sold/bought via telephone for decades. physical assets like homes were very difficult or risky to purchase without physically being present

>>29611055
So what you're saying is rent is gonna be dirt cheap next year

>>29613630
If only you can tokenized the damn deed and trade it freely. if only there a distributed ledger technology that does that...

>>29613734
eh...bad news hombre. if you recall from the 2008 crisis, rents didnt decrease anywhere near the percentage drops in house prices. whereas rent in an area might have decreased from 800 to 700/mo, a house decreased from 200k to 110k easily

>>29608541
God I wish, but it's the same as bitcoin, millions of people who would pounce as soon as prices start to fall

>>29613809
it would take a complete revolution of recording to allow anything like that. no county recorder will willingly adopt some new contrived way of recording property/liens/activity use limitations. traditional recording also allows for easily splits/joinings of parcels, and parcel IDs change over time as well.

it might be an old system, but it works, and entire industries are established and streamlined now.

>>29614391
Some countries do want tokenized assets, it better for record keeping and it independent.

>>29614574
i get what you're saying, i honestly do. however, there is absolutely no future for such tech outside of a few private ventures. you're arguing that some customers actually want to eat at long john silvers, when the super majority has never heard of it and just wants a big mac.

>>29611792

>>29614777
Some countries are already onboarding it though. Take a look at some developing countries. It a good thing because of the security of the blockchain.

>>29609342
That will never happen. Local governments are too dependent on the high property taxes that provides.

>>29613876
Sure but that was people losing their houses via foreclosures, while this is both that AND a load of tenants getting kicked the fuck out

>>29614931
i'm not going to look into the real property departments of botswana or the marshall islands or madagascar. if your financial future involves those countries, sure, i guess go for it.

as for security, that's what recording is. it's a secure event that gets recorded in a chain. that's why people buy chains of title or whatever. there's never going to be a complete dissolution of real property documents. even prior to digitizations, youd have to burn down every govt building with the records before titles were lost or whatever. there are plenty of physical copies, in addition to multiple digital storage backups. the thing is, tokenization of property is a solution for a non-existent problem.

>>29615159
right, but plenty of renters lost their jobs and were evicted following 2008 as well as homeowners. what i will grant you is that this is 100% unprecedented, particularly with making otherwise-normal procedures like eviction/foreclosure illegal. i dont believe anyone who is certain of the future, but i can at least guess that there will be similarities to 2009-2012.

>>29608044
Housing ain't crashing this year. More loan forbearance, free money from Biden, Californians moving in & paying cash, demand still high, supply still low, homebuilding materials still expensive.

In my opinion, the only thing that can forcefully cause a crash is a full-on stock market crash or Employers forcing their increasingly lazy employees to return to their big city home office or get fired.

>look at zillow listing
>occupants say they all have covid
>home can not be shown at this time