/biz/ - Business & Finance

Prices are coming down

Bringing housing prices down will be the Democrat running platform in 2030

>>49956519
Cope

>>49956519
>After going up over 450k in 2 years it goes down by $3000
Kek

>>49956519
>1k cuts on a 1m property

LMAO what a retard

>>49956405
even though demographics are collapsing!
lawyers under bridges!
dentists five to a room!
gas station clerk Jimmy lording it over all of them because he bought in 2016!
bitcoin is going to 100k!
you rentier fucks have zero clues.

>>49956562
No $1500. It will make a huge difference on a monthly payment... Right?

These houses are bought and sold like trading card...

>>49956684
subtract realtor fees and holding costs and inflation and this retard is going to lose a lot of money lmao

Who would buy a house if they're going to move 3 years later?

This place was sold in March. And it is back on the market

Sold in February
Back on the market in may

Sold in August 2021
Back on the market May 2022 with massive prices increase

Someone had this home for less than 2 years.

Listed in January
Back on the market in April

Sold September of 2021
Back on the market June 2022

Most houses did not double, but they increased 50%.

300k house is now 450k.
150k raise is made up of appreciation, inflation and increased costs. Let us ignore increased costs, because that is harder, leaving us 15% inflation and 85% appreciation.

300k house
30k inflation
120k appreciation
= 450k house

If if we say in the next 2 years housing drops 33% in appreciation and let us say inflation is 5% a year, so the true decrease will be 23%.

450k in 2 years
=$346,500
A reasonable guess for a 450k house today in 2024. .

Sold January
Back on the market in May 25% increase

Sold July 2021
Back on the market May 2022

>>49956684

I wish. Trading cards are way more illiquid.

>>49957037
They are fairly close
Sold July 2021
Back on the market May 2022

>>49957063
Forgot imagine

>>49956743

FOMO in, panic sell out. Some people are just in front of it.

>>49957087
It is insane seeing home being bought and sold so quickly.

Someone else will have to explain this to me????

>>49956405
>You will never own a home, housing prices will never come back to reasonable levels.

Yes I will. Left the west 9 months ago.

Sold November 2021
Back on the market June 2022

>>49956976
Saved it to check in 2 years.

I think that's true in the short term. But by 2050+ depending on the OECD country, populations will be collapsing and there will be plenty of empty houses just sitting around. Some countries will see the population halved without huge immigration

>>49957261
Should I move to Japan for cheap homes?

>>49956405
Yeah the Federal reserve has continued to artificially inflate the demand for mortgage backed securities meaning risky lending has continued and formed a bubble. It's pretty fucked and will harm GDP over the long run.

>>49957293
They're already cheap. The issue with Japan is getting residency.

>>49956405
Prices are definitely coming down. A property I have been watching for a few months, that was listed at $549K in febuary just dropped another 5.4% today, to bring it too $420k.

The listing agent emailed me today, and said make an offer, so I offered $250K, he said that is probably too low, but they might take $300K

I'm gonna wait em out : )

>>49956405
Lmao . Realtors are getting more desperate by the day eh?
A word of advice to "investors" cash out now or be left holding bags.

Kek

>>49957397
See?
>>49957401
This is how baggies are created.

>>49957397
How much longer until the flood gates fully open. 3 or 6 months?

I never sell my houses. I just move to a new one and rent out my last one. Also I don’t carry too much debt so I just paid off each house early. Who fucking cares if prices dip a little when I’m not selling, i just keep buying more. Selling involves fees and taxes

>>49957710
Why do you thing everything is about you?

>>49957710
3 to 6 months for a full opening. People will meme you into real estate being slower based on historical data. But remember the Internet basically acts like an accelerator and back in the day , not every normie was on the internet.

>>49957261
>Without huge immigration

>>49957838
agreed, what must it be like reading a general thread about real estate and thinking it's addressed specifically to you, then replying
> I never sell my houses
Shut up you retard.

>>49958085
isn't this the establishment's real solution to climate change / emissions?
> ramp house prices to prevent family formation and having kids

>>49957339
You sound poor.

>news kikes still trying to induce FOMO

>>49956519

>>49958125
how do you get rich? buy low and sell high
he sounds like he's right and you sound like a bitch

>>49957838
>>49958109
Actually I meant to reply to >>49957397
who was calling out investors. Either way, people get to focused on current prices and panic instead of looking at the larger picture.

>>49958138
Just makes the homeowner cope all that much sweeter when prices drop back to sub 2020 levels and people are over leveraged with 4 properties. It’s already happening.

>>49957261
>just do a little predicting three decades from now and wah lah! I'm in a house

>>49957401
Ty autist anon for posting so many of these. The flipooooors, soon to be the bagholders

>>49958302
>homeowner cope all that much sweeter
It's already pretty delicious imo

>>49956519
>Prices are coming down

>>49956405
>be me
>marry dream qtπ
>buy her family home
>have three kids
>she's a great mom and stay at home wife
>she's frugal so we can save and invest
>she keeps it tight and we frequently have sex
>refinance during pandemic to once in a lifetime low rate of 2.25%
>pay off mortgage and sell family home when kids are grown
>downsize to dream house for two and retire in my 50s
Feels good man

>>49958124
It's an establishment solution but problem is not climate change. Climate change itself is not an issue for the rich. The problem that it solves is you possibly escaping your leash. By reintroducing serfdom you stop this from happening. When you can't own your house and you're in constant inescapable debt you're always just focused on survival. You don't have time to focus on things beyond the rat race. The huge immigration is also a part of it, not least because it causes populations where people are less sympathetic towards each other.

>>49958125
you sound like you are going to be eating my fecal matter

>>49956405
but i bought a house in the 2017 bull run for AU$400k and just sold it for AU$700k and bought another AU$400k house in a cheaper area and put all of my now over 300k savings into crypto, silver and gold

>>49956684
price change doesnt mean different seller
it was listed for sale then they repeatedly changed the price out of greed and then fear

>>49956405
>It's another housie cope thread
Fucking lol

>>49959120
I totally agree it's a tool of control.
It pisses me off on this site to see people celebrating asset price rises.
They are cheering on serfdom.
IMHO the primary uses of immigration are:
1. labour over supply puts downward pressure on wages
2. pressure on housing stock to boost prices
Third is cultural discord, but the above two leave us so fucked already and most aren't educated in what is being done to them, as you say.
Sad to say but I really think ((they)) have it sewn up.

All we need is 3d printed homes to take off and it's over for these hoes

>>49959830
They take up to much land. It would be better to build more Apartments.

>>49959847
This is American, not the Soviet union.

>>49957149
Money laundering?

>>49959868
That still involve tiny house and tiny plot.

>>49959054
I want to fuck your wife

>>49956405
> mutts think $400K is a big deal
lmao, we pay double that in Stockholm, sometimes triple. Mutts need to STFU.