/biz/ - Business & Finance

>>50282980
idk you tell me. pic related is near me.

>>50283050
$315k is very cheap. take it if you have the money

>>50282980
>>50283050
its never going to bust, ever. people who think it will bust are forever stuck being rentoids. its not in the interests of politicians to let it crash for any reason. enjoy being a midwit who thinks a crash will ever come, it wont.

>>50283075
the town is 25% niggers anon.

>>50283083

>>50282980

>>50283050
Seethe rentoid

what a shithole. looks like a rat nest

My house went up over 30% in less than 2 years since I had it. To the moon!! (My property taxes that is)

>>50283115
keep taunting me and i'll abduct you at gunpoint and burn a hole through your skull with an acetylene torch.

Mine is 50 years old and I bought it for 420k. I got a < 3% rate though

>>50282980
Yes. It’s popping right now, live. True activity is down about 50% because we peaked in March when typically the peak is May-early July. Supply is climbing strongly as fewer buyers emerge to take existing listings off market.

It’s going to be a cold winter for housing. Lots of flippers and investors are going to get burned and be under water.

>>50283202
Price drops. These are the basic simple charts.

>>50283050
looks like the foundation is cracked, kek

>>50283050
Looks like a mobile home and the size of one too

>>50282980
The housing market isn't correcting until inventory is higher than it's been for a decade. We are far from that.

Yes

>>50283307
Also new homes are not being built fast enough to increase the inventory

>>50283362
While lumber costs are down they are still about twice pre-pandemic levels

>>50283297
what's funny is some retard will likely buy it. imagine paying $2k/mo for 30 years just to live in a 25% nigger town in a 960 square foot cuckbox with a crumbling foundation.

>>50283418
ut oh someone doesn't know how prices are set.

it's by available credit, which is dooooooown

>>50283418
There's also no slack in the construction employment market

>>50282980
Inflation means housing prices will only go up against the dollar. Maybe not against wages though

>>50283467
Prices are set by supply and demand retard just like everything else. Supply is down and cannot recover go prices go up

>>50283230
>>50283202
based charts, hopefully will keep crashing 20-30% and i can get one

>>50283506
I’m a non-Jew banker who overseas billions in SFR loans and approves them. Mortgage lenders are shutting down. A good portion of inventory was locked up by fraudsters and speculators buying and holding for straight appreciation and it’s coming back to market (I keep a list and check title on my declines for NODs).

I can tell you that you’re wrong. LOTS of people are cash flow negative on rents thinking it was going to be 1970s hyperinflation.

Enjoy the winter if you’re a speculator.

>>50283600
>>50283230
>>50283202
Are we supposed to use our imagination as to what each line means since they're entirely undefined?

>>50283600
No such thing as a non-jew banker. You became jewish by accepting the job.

>>50283600
Price drops Austin

>>50283600
whats your prediction for when any correction will likely end? shorter than 12 months or do you think it'll be a long correction to like 2024?

They'll call this chapter in the history books the great rise and crash of global housing markets (2008 won't even get a mention because it will seem so small in comparison)

>>50283649
They’re different years. 2022 is black. 2021 is orange. 2020 is red. 2019 is blue.

>>50283050
>morrisville

Jesus christ

>>50283702
How do these numbers compare to 2014-2018? Particularly total inventory.

>>50283718
we keep it niggerlicious out here

>>50283307
These inventory charts are the biggest cope housies have come up with. Cart before the horse. As the bubble pops inventory will continue to rise, as will the cope and seethe from housies who bought at the top. Simple as.

>>50283680
The fed would have to suddenly reverse course on rates right now to blunt this.But they can’t while inflation is at 8%. They won’t, so I think late 2024-2025.

The end is years. We’re at 4.8x bachelor degree worker earnings to home prices nationally. Prior bubble peaked at 4.0 and trough was 2.9 in 2011. The 1980s to early 2000s was range bound between 2.7x and 3.0 because wages were rising and housing wasn’t financialized.

Remember. The 1970s and 80s had unions forcing wage hikes. That doesn’t exist now. Prices would have to drop 40% right now to get in line with historical averages. I don’t think it drops that far but that is the floor-ish if they do.

>>50283297
Mobile homes are 200-300k up here in Ontario.

Should i buy 3-5 acres and live in a trailer until i can afford to have a house built?

>>50283742
Don’t have that data at hand but 2019 is a good reference year because it wasn’t a mega boom and economy was good with some mix of rate drops and a bit of panic recovery from SALT tax scare.

>>50283778
So if ten people want something but there's only one of it you think as the price goes up more will magically appear?

>>50283111
nice graphic, thanks

>"Just move to the midwest bros"

>>50283506
supply of *credit* also matters if you are not a total retard. you don't know you are close to subhuman.

>>50283840
It’s the opposite. Demand is dropping faster than the supply “shortage”. Activity as a measure of pending contracts to active listings is down nearly 50% from the peak in March when the typical season peak is May-early July. We should be just barely off the highs right now and we’re 48% off March highs.

>>50283916
>Activity as a measure of pending contracts to active listings is down nearly 50% from the peak in March
How does that compare to 2014-2019?

>>50283813
If the land is in a township/county with zoning, you won't be able to do that. In some parts of the country, zoning is common even in rural areas.

>>50283840
Holy shit you actually think inventory is the amount of houses that exist? I knew people who keep posting this chart didn't understand it but you are actually retarded.

>>50283840
This was a big player in the non-QM world. The supply of mortgage lenders is decreasing significantly. A good portion of buyers were speculators riding appreciation with no ties to the property, fraud, and real estate agents sucking up supply hoping for a flip. Also count the corporates like open door plus some who would buy your house and leaseback while you wait to get another. Also no foreclosures by government decree. There’s supply it’s just locked up and you can see it coming online already.

>>50283903
Credit does impact demand of homes but more homes than ever are being purchased for cash

>>50282980
adjusted for inflation, houses are more expensive than they've ever been in us history. does that sound like a bubble?

>>50283967
>Holy shit you actually think inventory is the amount of houses that exist
Never said or implied it

>>50283954
Don’t have it cause this is Redfin weekly data. 2019 was range bound between 5-8% or so. We peaked at 24%. We’re down to 12% and declining RAPIDLY as you can see. That’s why price drops are rising so fast.

>>50284021
So we are still about twice as high as 2019 which represents normal. Couldn't it be we are just returning to normal levels of activity?

>>50284006
>>50283840
>So if ten people want something but there's only one of it you think as the price goes up more will magically appear?
>there's only one
>magically appear
You are retarded and illiterate

>>50283794
Interesting that houses still appreciated in the 80s despite the homes being so unaffordable

>>50284039
Maybe but the cost to buy has never been more expensive for most home buyers. The 80s is boomer ages born in 1940s to 1960s.

so what happens to housing when everyone is priced out

>>50283975
yes, by people selling their old home and buying a new home "for cash." do you think this game is musical chairs is going to happen forever?

>>50284067
Wages we’re going up. Listen to the fed talk about wages being a problem and stopping inflation expectations from taking hold that demand wage hikes. It would take 10 YEARS of 5% compounded wage hikes and FLAT prices to reach 2.9x income to prices.

>>50284088
That's true worldwide and house are much more expensive in other countries. People all over the world are paying a higher share of their income for housing. Not saying it's fair just staying a fact.

>>50282980

You will neve own a house zoomi

>>50284114
Your chart is indexed for wages so that doesn't explain it

This is entirely rate dependent you autists. Fact is, no one will be taking out a mortgage with rates that are 10-20% at these prices, that would be insane. And no, Blackrock won't be buying overpriced moneypit homes with cash, that's just a bad buy when they know prices will likely be going down. When the whole debt bearing middle class who uses mortgages to buy homes get "APR'd out" by obscenely high silly rates home buying rates will fall through the floor. You have to understand that a lot of these first time home buyers during this bull run were basically subprime. They were putting 3-5% down and they're going to be paying PMI for a long fucking time. Good move or not, I don't care what you think, the fact of the matter is these poorfags could only scratch up 3% for a home, do you think they're financially stable or make good financial decisions? Getting off on a tanget there, but what I am getting at is if you jack the APR up you can't artificially keep the market hot by allowing some illegal immigrants with $10k to their name to buy a home. Lenders will get more stringent and rates will be so bad only people who don't understand English or people who didn't pass second grade math will be buying them. Then the market will be choked and prices may not crash but they will at least return to reasonable levels. At that point it is dependent on of the economy is still alive and there are people with disposable income or if we're all in bread lines.

>>50284099
It's been going on for centuries so...

>>50284114
Can you explain why real earnings are actually down according to BLS?

>>50284133
You’re not understanding the chart. Something can be high interest but cheap. A $2,000 car note at 18% interest is better than a $20,000 car note at 5% interest. Especially when The overall price relative to wages was lower. The multiple in terms of price of cars/houses to how much money you make is way higher now than then. The fed made this happen by ever lower rates increasing asset prices. That’s going in reverse right now.

>>50284170
Inflation higher than wages. You’re getting poorer. Are you going to leave your cushy 2.75% mortgage to pay 5.5% at higher prices? Most likely no. Buyers are fleeing the market. That’s why price drops are up. All the data lines up.

>>50283050
That's barely worth 200k.
The kitchen is done poorly, I can already see the floor panels rising in both kitchen and living room pics, and there's not enough space in this home.
Gutters also need to be replaced, and I'm sure the home as a whole (in terms of quality and build) is about a 3/10. No to mention this is a 3-1, which is already a red flag right out the gate.
Anyone who supports this price, is sucking appraisal glass dick.
It's shit like this that makes be certain we are in a huge bubble, and it's only a matter of time now before it pops.
I give it 2 more years, max. And that's being generous.

>>50283600
How do I get a job in your field anon? Sounds interesting and I have a college degree and unemployed for a long time.

>>50282980
Demand will drop with interest rate increases
But unfortunately for you, supply is dropping even faster with no signs of new production catching up any time soon. The best you can hope for is stagnation or dead cities like San Francisco finally collapsing. But if you think the trend is the country is downward I've got bad news for you.
Also high mortgages means high rents.

>>50284180
>That’s going in reverse right now.
That's quite a leap. Slow down I'd agree with. Correction in some areas sure. But reverse? That's not how people work.

>>50284212
I’m a banker. Get a job as a basic analyst at a real estate company or bank. Learn SQL and tableau at a minimum. I know neither but I’m an old fag with great excel skills.

>>50282980
Buy silver~

>>50284248
>But if you think the trend is the country is downward I've got bad news for you.
The trend over the next 30 years could be upwards, but I don't see it being worthwhile over the next 60 years.

>>50284248
Supply is not dropping. You don’t know what you’re talking about. It’s going up right now while pendings are dropping. Months of supply is based on sales, which lag pendings. Youre clearly new to real estate.

>>50284256
Why are pendings down 37% in prime summer season? Look at phoenix, Austin, or any hot market. It’s in reverse, literally down 50% in San Diego for pendings/active listings compared to March. Why would price drops spike if the market was in balance?

>>50284299
Pic related.
And I'm not even the same anon.

KEK

Without opening it, I said to myself "that house would be 400k in my area"

then it loaded and I saw that was the price

>>50284294

>>50284318
>Why are pendings down 37% in prime summer season?
Because there are so few listings
>Look at phoenix, Austin, or any hot market. It’s in reverse, literally down 50% in San Diego for pendings/active listings compared to March. Why would price drops spike if the market was in balance?
There are some markets that went up too much and need to correct that's far from a crisis just normal market dynamics

>>50283075
You need to kill yourself if you don't see a problem. Fucking jew

>>50284299
Supt is not dropping but it's still clearly off normal historical levels

>>50284372
False. We’re even with 2021 listings in San Diego and pendings are down 37%. Even listings. Lower pendings. You’re wrong.

>>50284325
If you actually read the article they say this problem is 3-5 years off

>>50283050
House flippers are the bane of society

>>50284394
Here's the Fred info while the ratio is down from recently it's still far above historical norms. You are obviously a shill.

>>50284466
Dumb ass he said they are even with 2021 and you post a chart showing that while coping about muh historical levels

>>50284512
The historical is all that matters. Being this far above the historical norms means we are still in a very strong sellers market.

>>50284532
Lmao please tell me you are trolling

>>50284466
>irrelevant image, ultimately arriving to the wrong conclusion
housecoin enthusiasts have to be some of the dumbest niggers to have ever walked this earth. debilitatingly low IQ, consistently wrong, unable to understand the barest essentials of economics, incapable of even applying basic logic to their arguments.

>>50284532
Lol keep lying to yourself. If supply is down 50% but sellers are down 90% is it a sellers market?

>>50284558
Oops meant buyers down 90%

>>50284553
>>50284557
>>50284558
ITT coping rentoids spew out fantasy situations where they can actually buy a home someday. Unfortunately you can't fix stupid so I can't help them. Get in the pod rent slave and eat the bugs.

>>50282980
lol no it isnt some people just paid like $650k in less then a week on a house near me.

>>50284606
I own a home and will buy another when this shit bottoms out you larping redditor zoomer. Your only possessions are cringe wojacks and Fred screenshots you can't even read.

>>50282980
Yea dude...my landlord is selling his single wide trailer on 5 acres of mtn side for 475k federal reserve notes... Some asshole from California in a prius bought it. In the winter you have to chain up in a 4weheel to make it up the driveway lmfao. I cant wait to see the shit show the faggot is gonna be in this winter. He should be shot. Shitted up his home state so now the parasites and their virus spread to a new host. Its cool, im sure he voted for Zion Don who did so much to help the working white man

>>50284606
>23 posts by this id
>coping rentoids
hi cletus. i'm sure you're sweating bullets as your zestimate drops by the day, a sinking realization that you're horribly overleveraged on your $18.37/hour wage in your heckin based rural town. if this keeps up you'll be underwater by $20k by EOY -- a full 20% of your purchase price and nearly 1 year of your post-tax wagie wages!

>>50284674
>real estate
>bottoms out
oh no no noooooo

>>50284623
IKR in my neighborhood there is exactly one home for sale this is of course up infinity% from last year at this time when there were ZERO homes for sale. Of course when I bought 8 years ago there were about 80 homes for sale. It's almost as if the market is cooling off from 1000 degrees to 990 degrees

>>50284691
Cope and seethe. Bought my first house in 2012.

>>50283975
> for cash
I'm sorry but you are not a smart man

>>50283050
According to what index the value can go up like that?

>>50284685
My zestimate has never been higher. I can taste your tears as my zestimate rises and they are delicious

>>50284766
Now put it on the market and see what offers you get.

>>50283997
Canada is much worse, even for adjusting for exchange rates.

>>50284685
I don't see why your salary and house price are related? He owns a loan for the house and the loan never changes. Unless he plans on selling his house, which most non investors don't, then the housing market literally doesn't matter. Even if he did plan on selling in the future, the current market is still irrelevant.

>>50284766
>Housie gets btfo by his own charts
>resorts to embarrassing I was only pretending to be retarded wojak posting
sad

>>50282980
It's localized to major cities which just happen to be where the majority of people live. You can find real reasonably priced houses in "flyover" locations, and the price of rural land isn't at all keeping up with the price of houses. But then you go to Toronto or New York and people still want $1mil minimum for anything with 4 walls

>>50284835
many, many people FOMOed into houses they didn't really like because they viewed it as a starter house that they could trade out in several years. you think this is an exaggeration but it's really not. you're correct that being underwater shouldn't really mean anything -- except in cases like i describe.

>be me
>buy house in suburban Denver in 2015
>”Haha you’re a moron the housing market will crash this year!”
2016
>”Haha you’re a moron the housing market will crash this year!”
2017
>”Haha you’re a moron the housing market will crash this year!”
2018
>”Haha you’re a moron the housing market will crash this year!”
2019
>”Haha you’re a moron the housing market will crash this year!”
2020
>”Haha you’re a moron the housing market will crash this year!”
2021
>”Haha you’re a moron the housing market will crash this year!”
2022
>”Haha you’re a moron the housing market will crash this year!”

I’m going to keep holding through mid 2023 and sell for $800k after buying at $350k. Always do the opposite of what /biz/ says

>>50282980
>>50283050
>>50283086
>>50283889
I'm not saying all American houses look like shacks or cabins but these ones certainly do. As in, they look like dachas from the 80s that poor commies had as a second vacation home in the countryside. They don't look like primary residences in a developed country.

>>50284835
because on 4chan you can say anything you want without logic

>>50284835
It matters in job loss or forced move scenarios or if you get boiled out by inflation for other goods/services. How are your property taxes, insurance, food, gas, etc. doing?

>>50284893
are people willing to pay 800k to live in denver?

>>50284973
Denver is white.

>>50284973
>all home prices go up considerably, far outpacing wage growth
>proportion of buyers who can afford these prices stays relatively fixed
this is a lot like new traders coming to the realization that you can't just sell a stock unless there's someone on the other side who wants to buy it.

>>50285016
And yet houses still go from for sale to pending within 3 days around here, far more expensive ones than mine. Denver won’t see a price correction for probably 5 more years at a minimum.

>>50283050
As a European this looks fine to me. Very reasonable even. I don't know the location though.

>>50285042
which industry, by far, employs the proportion of home buyers who can afford these prices in denver? which industry is being impacted the hardest by the stock market downturn and the pending recession?

>>50284405
Yes I actually read the article, and this is early indications of what is to come.
Remember in 2006 when Burry kept ringing the alarms and bells, yet no one bothered to look his way until the end of 2007?
He pointed out the shit 2 years in advance, and no one bothered to pay any mind and even thought he was crazy.
Look what happened. Yeah, he was a few years early, but he wasn't wrong.

>>50285127
Burry has been ringing alarm bells non stop for years. He is the meme permabear. Everybody sensible can see the looming house price collapse the current market is just speculation and it's pricing out normal retail.

>>50285088
I know you’re referring to tech, but it’s not getting hit hard here at all. Maybe it is in California, but that’s not my problem. In fact, it helps even more because tons of Cali yuppies move to Denver when they can no longer afford to be in the Bay Area, and most of the tech jobs in Denver are sticking around (in fact, the total amount of tech jobs is growing in both Denver and CO Springs, as is the average salary). Doompost all you want, this city is in a much healthier financial place than others. That’s why I did my research back in 2014/2015.

>>50282980
All these posts from retards when the truth is obvious. Sunbelt and shit tier markets ARE correcting but wealthy and upper middle class white suburbs are still making new price highs monthly. My 95% white CT suburb on the Metro North commuter line is selling 1100 sqft ranch houses with zero updates for 350K plus, if you can get one. Last year they were 300 to 325K, pre covid 225 to 250K.

Unless you outright own a home without debt or credit you are destined to become a part of the serf class. There will be no escape from that for you or your theoretical children. House prices will continue to rise and will only fall, maybe, in about 50 years.

>>50285229
You’re looking backwards.

>>50284278
>analyst
Seriously? Right off the bat? Ive analyst jobs before and they usually require experience....of being an analyst already

>>50284893
rates have dropped during all those periods and the west is on its knees now.
thanks for being the little banker helper, the distributed debt collector.

>>50284888
That's the thing about starter houses. You don't HAVE to upgrade in the future. They aren't underwater just because they won't be able to upgrade in a couple years.

>>50285382
also rents in "hot markets" are far below the monthly mortgage obligation of buying a home right now.

>>50285382
This
Normies don’t realize that prices are directly tied to interest rates which have basically dropped to zero during that time.

>>50285263
>You’re looking backwards.
Thats how you spot a trend you fucking mong. Demand is still growing because nobody wants to live in shitty nigger infested cities and white collar people are transitioning to hybrid WFH, they dont need to live in or within a 1 hour commute of an urban center. There is a new floor, and prices are never going back down, there are too many fucking millenials aging out of apartment living.

>>50285481
Interest rates for Mortgages are still lower than historical averaged unless youre a low income scumbag with shit credit.

>>50285550
> I only think in absolute change not relative change
please try to think

>>50283889
>Move to Ohio
Disgusting

>>50285578
Youre a low income retard, you cant afford a used car loan and you suck cock by choice, think about that.

>>50283312
Lel. Buy high sell low. At least he wants to get out now and now like retard /biz/fucks when the price is 75% down from ATH.

>>50285610
> insults
confirmed that you are stupid as per earlier replies

>>50285703
Youve said nothing substantive to reply to jizz slurper

>>50285181
>none of the doom posters reply to this, they just continue to pretend national movements are the same as individual markets
Classic biz

>>50283975
Do you know what "cash" means ? Cash is literally just liquidity in the form of cheap borrowed money. When people say "cash" they more often than not are referring to a loan they borrowed for a few percentage points that are negligible in the grand scheme of things if you're expecting your investment to return a yield that includes interest rate amount and then some. When interbank lending rates (the Fed funds rate here in America) was at 0 you could get cheap "cash" in the form of a highly liquid lump sum of money via revolving line of credit at less than 3% since that 3% was all that was part of spread the lender needed to profit. Now that interest rates are higher (1.50% Fed funds rate on the low end today) you have to tack that on to the cost of the loan and since all the lender hypothetically needed to profit was 3% the cost of his loan to you is now that same 3% PLUS the 1.50% interbank borrowing rate bringing the total expense of your loan to 4.50%. Since the Fed funds rate is going to keep rising (realistically to 3-4% by the end of the year) you can start to see how much that "cash" is going to continue to cost you. Since the total cost of money is now 2x greater than it was this time last year (and rising) you'd be remiss not to see how that elevated barrier to entry would negatively affect the demand for credit and therefore the existing supply and therefore the purchases of homes and pretty much anything else that requires credit for growth and expansion. In short where we're headed is a massive recession that is going to bring everything to a screeching stop.

>>50285737
You can tell theyre all retards because whats obvious to everyone exvrpt low IQ faggots is that you cant have a bubble without rampant speculation. There are no speculators at all in hot markets, they are priced out, no cash offers, no shitty variable APR mortgages, they are mostly late 20s and 30s millenials looking foe a first home or first single family. You cannot have a bubble without spec buyers, its part of the definition of a bubble.

>>50285360
You’d be a junior analyst

>>50283916
By the way, there are still about 1 million new build starts that took place over the last 18 months that have yet to come online. There is no supply shortage. That was the biggest baggie cope. Something like 50% of the homes that went on the market in the last 3 months have already seen some form of a price reduction. I unloaded a few of my detached single family houses last year when retards from the Northeast and California were moving down here to Florida and were willing to pay 100k over the asking price. I'm in the process of consolidating down to just a couple of multiplexes and 2 parking lots I own. If you're looking for a single family home in Pinellas County Florida I am your man.

>>50285959
Wow. This has to be a joke.

>>50285737
i disagree with his belief that the colorado tech industry is somehow insulated from the current and impending downturn of the broader tech industry, but there's no real point in arguing the point. sit and wait. homes are slow to sell and the market is slow to react. prices will come down in time. we're seeing it now in san francisco and other expensive markets, and this trend will extend to other hot markets and then to the broader US market. it's the same pattern that we saw play out in the 2008 crash: the regions that went up the hardest and fastest were the first to come down.

>>50285959
You're retarded. Literally everything you claim that didn't happen happened and is happening. Every new construction start that took place between 2020 and 6 months ago was a spec build that builders are now bag holding. All of the retarded bidding up of houses that took place took place for no other reason than the fact that money was literally free. Even adjustable rate mortgages are going up in terms of the total percentage of new mortgages being underwritten SIMPLY because the cost of borrowing has now gone up. I just KNOW you bought a house and are shitting your pants now that your neighborhood is seeing price cuts. But what the hell do I know. I'm just some small time boomer land lord that lived through 2008 and made it out the otherside with a nice retirement portfolio. LMAO.

>>50285504
>Muh niggers will prop up my house prices
Kek

>>50286070
i don't understand how people can maintain that prices are sustainable. rates jumping from ~3% to ~6% have driven up monthly mortgage payments by about 43%. that's a massive increase in cost of ownership and comparatively few can afford it. without buyers, prices must come down.

>>50286070
>Every new construction start that took place between 2020 and 6 months ago was a spec build
Im sure youre a southern nigger in FL or SC or some other Sunbelt shithole. I already said those markets are correcting, see
>>50285229
You stupid hick landleech. I already own my home, I paid it off over 5 years ago. You dont know what the fuck youre talking about, the "hot" markets have little to no new single family construction. I wish poorfags from the flyover shit states would go back to pitching Florida timeshares, thats about the level youre on.

>>50286140
>i don't understand
I know you dont fucktard. Average income in your neck of the woods is probably around 25K. In decent markets its more than 3x that. And uf you dont "understand" why there are still buyers its because its still cheaper than renting, and high income earners dont need to take out a high rate mortgage because the housing prices in the hot markets are stable and lenders know thet will keep their value. Just basic underwriting for the NE area rube.

>>50284375
Stop being poor.

>>50284210
>It's shit like this that makes be certain we are in a huge bubble, and it's only a matter of time now before it pops.
cope. you are just priced out. the world doesn't owe you an affordable house on a mcdonalds wage

>>50283202
To add to this anecdotally I'm literally seeing people put up signs on street corners and shit. "Home for sale. Price 250k REAL value 375k."

>>50286458
Pics and location or it didn't happen

>>50286292
you've completely missed the point. let's try this again, slowly and more explicitly so even your retarded niggerbrain can keep up. prices have gone up 42% over the past 6 months following rates increasing from ~3% in january to ~6% today. the distribution of income earners has remained relatively fixed. the population has remained relatively fixed. in effect, each strata of income earners now has to take a massive step down in what they can afford to buy to offset this 42% increase in price. will they do this? are they doing this? hmm, i wonder. listings are spending more time on the market. the number of sales are going down. prices are slowly going down. what is the trend here? are the conclusions ive drawn consistent with these observations? how do we expect this trend to carry out over time?

>>50286292
>>50286544
some pretty pictures for your retarded nigger brain -- this might make it a bit clearer. NATIONAL TREND. realize that certain LOCAL MARKETS may be even worse.

>>50285973
Yep Ive seen those two. Things may have changed between you got in and now. Most of them require even a years experience. Lol if Im already an analyst why would I be hopping ship for yet another analyst job paying exactly the same but requiring experience? Never understood those types of jobs.

>>50286292
>>50286544
>>50286686
and because i know retarded low IQ niggerbrains so well, i'm going to cut off your retarded rebuttal right here and now -- this chart does not reflect a return to normal. this is a rapid run-up. the economy and the costs of daily life today vs the mid 2000s were fundamentally different. there is no a surplus of disposable income to sustain this unprecedented increase in price. BIG THINK time, you drooling nigger retard.

>>50286426
I make a quarter million to $300k and I can tell you you’re wrong. You’re likely poorer than me.

>>50286719
So get more years and don’t go junior to junior. The only difference between analyst jobs is knowing the product and market and it only takes an inquisitive mind to learn the lingo and data nuances.

>>50286820
>I make a quarter million to $300k
In your video games or your dreams kid

OH NOOOOOO

>>50286987
Does it make you mad that successful early millennials browse 4chan and make money? Must suck to be you.

>>50287048
You are a broke fat loser who plays video games all day. Nice try though !
Get a job kid

>>50286987
Stupid zoomer I make 200k at 27

>>50287073
r u a boomer

>>50285410
Only if you decide you don't want to have kids

>>50287026
It's just returning to the rate it was pre-pandemic. The media is just sensationalizing the housing market moving back to normal.

>>50287081
Put down the Mario and Fort Knight. Go outside and play in the sun , maybe it will fix your sick head !

>>50287073
Keep crying

if only you knew how bad things really are

>>50287229
see >>50283570

>>50283128
>Tfw I'm priced out of Rat Nests

>>50287205
Wow a whole $10k for retirement! Good job, kiddo keep it up

>>50287355
Literally investing the max 401k and you’re still grasping at straws. It must suck to be you. How’s your mom’s basement going? That musky smell is her vagina

>>50287371
>Literally investing the max 401k
Good job kid ! It will pay off eventually
A lot of poor people don't do this sort of thing. Keep up the good work

>>50282980
>>50283050
>>50283086
I don't have any data to back this up, but my first reaction is thinking these shacks likely are driven by land value in a high demand area with ridiculous zoning laws.

i.e. the land is more valuable than the house sitting on top of it.

>>50287205
lol anon, I--

you're bragging?

Really?

About 130k?

I had that back in 2013. I'm sorry anon, ngmi.

Meanwhile in Europe...

>>50284903
Bro, don't shit on my Dacha, It's way better than American housing and they're practically free.
My fucking Dacha is made of actual Brick, not cardboard and gum

Not to mention I have a full garden and acres of land ontop of that

Dacha's are waaaaaaay better than this shit.

>>50283471
>that periodicity
How do I buy/sell that chart?

>>50283050
geez morrissville is a shithole

>>50287619
>87619▶
>File: Dacha .png (1.22 MB, 1183x892)
More pics, anon? I don't know east european dacha houses but would like to learn.

I can tell you about shit modular housing/stick built and concrete cmu masonry built homes.

basically, south east = real house, concrete is required for code, NE/NW stick frame for easily assembly and no real issues outside of tornados so they last. If properly insulated in a temprate climate they arent' bad

Houses were meant to be built up and destroyed and rebuilt as your family changed, the land was valuable, but in the USA time is $$$ so this stopped happening and then NIMBY and increased building code and labor makes this pricy now.

This is why Japan is pretty cool, negative interst rate mortgages, old houses are encouraged to be torn down, and new "panasonic" homes can be built in less than a month with very very cheap labor rates.

>>50287664
For the literal same amount of money you would pay for a mobile home in the united states, you buy a 3 story house with all of the furnishings of a palace

>>50287591
It’s six months yrs loser.

>>50283307
No one is buying the limited inventory on the market because 5.5% rates increased monthly mortgage payments 40% from the 3% rates available this time last year.

>>50287775
how's the neighborhood and school? Can you get a zestimate?

God, I wrote that ironically, but fuck that is too true in usa. :(

>>50287948
Dacha's are country homes/vacation homes

They're usually built to be isolated away from other people so there's not really
>A neighborhood

They were created for the purpose of getting groups of people out to farm in more rural parts of Russia under the communist system

>>50284782
Offerpad will buy any home on the market for the zEstimate - 5% fee. Sold my home to them last month.

>>50283997
More spics, more people, more scarcity. It's not just inflation, standard of living is down. You will live like a eurofaggot in the next 10 yrs. No more f150s bing the number one vehicle. You will rent, you will own no movies, video games or housing, and you will be "happy" niggercattle.

Real estate needs to correct, or stonks and Buttcoin need to go up. But my money is on real estate correcting before we see stonks and Buttcoinz go to da moon

>>50284278
Might I ask how much you make and what city? I’d imagine overseeing billions would necessitate some hige responsibility

>>50288072
Wow I may do this.

>>50288218
I make $275k or so per year in coastal. I’ll be asking for a 25% bump or so because of inflation and how well my book has performed.

>>50284973
People are now willing to pay 500k to live in Colorado Springs...

>>50288697
Colorado Springs >>>> Denver

>>50282980
It's bad. A lot of big companies went 10x leverage on housing and are now trying to cover their margin by publishing 100,000 articles about how this time is different and the market will "merely go up 5% over the next year rather than 20%" to scam people into buying the absolute top. The reality is it's going down 10% to 25% and they're fucked.

>>50286426
You will be bag holding very soon, a bag that'll be way to big for your back to carry alone.
Good luck in a few years, you're gonna need it.

>>50288839
zillow itself losing $880M on a failed house flipping venture tells you all you need to know about the state of the market.

>>50283962
>cant live on own property how you see fit

i love being free

>>50288896
WTF is the zestimate and why did it become legitimate? It's like if a company made an algorithm to predict stock growth but the algorithm is secretly just "n2 go up so you better buy" and wall street traders literally took it as fact and used it as rationale for purchases.

>>50289471
It's just an automatic comp estimation which is trivially gamed. Flippers and rental hoarders have been doing so for a few years now. All you have to do is buy every sale on a street for a few months, skin level reno them for bottom dollar, and do a couple wash trades to pump up the zestimate. Buyers are absolutely fucking stupid and agents get a percentage cut, so nobody stops the insanity until shit is way beyond anyone's ability to control.

>>50284294
Won't help you.

>>50283307

zesties are coping hard rn

>>50287636
Count the amount of spikes between 2010 and 2020.
Now think how retarded you are for not realizing construction slows down during the winter.

>>50284094
Ask Switzerland.

>>50283600
Tips for someone looking to buy? I'm waiting til autumn but maybe I should wait til spring?

My main concern is not getting approved if shit really goes south but have 20% down.

>>50284992
Funniest thing I've read all day.

t. Denver

>>50283138
Try getting a job first.

>>50282980
Worse.

>>50291624
With that much down you’ll get approved.

>>50291624
Autumn is too early if the fed holds rates. People are still arguing whether the market is even declining.

>>50291959
180k to have 2 black neighbors less than a foot away from you walls.

>>50288868
I own multiple homes. Good luck with your "rental bag" and pray your landlord is a kind and righteous man.

>>50291722

>>50291959
>MD
There's your problem

>>50291959
>Glen Burnie
Shit, that's commuting distance to DC. No wonder.

>>50282980
>>50283050
Do Americans really live like this?

>>50287449
It really is. Ever see those high-price listings for burned-out houses, or houses in such disrepair that the only solution is to tear them down? Those homes are worthless, if anything they're a liability rather than an asset. And yet people are willing to pay a premium for them, because once the lot is cleared, the land has potential as an investment.

>>50283256
How can you tell from those pics?

>>50284006
You most certainly did.

>>50284973
>>50284992
True story. In San Antonio there's a white enclave called Thousand Oaks. Ugly ass 1970s built boomer style neighborhoods. People will still pay $400k for a 50 year old shitbox as long as they can live with old white boomers. I get not wanting to live in the hood, but paying that premium to live a whites only larp is ridiculous

the boner supreme signal is in

>>50287775
It looks built to be only good for pictures. I see that shit crumbling as soon as you move in and put some actual stress on it, much like Russia in general.

>>50288072
>5%
>$16k on a $325k sale
>charging more than realtor and closing costs combined
Fuck those jew fucks

>>50291959
Holy hell I haven't downloaded roms from Vimms in over a decade. I didn't even know it still existed.

>>50283083
Yasssss queen!

>>50284210
Why is a 3-1 a red flag?

>>50294669
She isn't wrong you fucking retard

>>50294855
realtors all said the same thing in 2008.
realtors are undeniably stupid.
it's a shit job for people who have no qualifications.

>>50294906
>>50294855
>person who literally directly has huge incentives to sell overpriced housing says housing prices will continue to go up

i mean just use your common sense. a salesperson is never trustworthy

>>50282980
Housing construction costs aren't coming down. They can't build affordable homes anymore so the cost of the existing homes will just keep going up.

>>50283083
They laugh at you but it's true. Boomers and Politicians will move heaven and earth before allowed another housing bubble burst. Enjoy the 20 year recession.

>>50294906
I highly doubt you were even around during the 2008 housing crash or even know why it was caused. The situation now is much different you fucking faggot.
>>50294937
You can see for yourself without even reading her shit.
>>50295149
This is more believable then 2008 HOUSING CRISIS AHHH shit

>>50283086
>add a coat of grey semi-gloss paint
>install small light fixtures all around
>Increase price by over 500%

Boomer greed is beyond imagination

>>50295170
what a pathetic thing to say. I was around.
it was more than a housing crash, the UK had a bank run, all sorts of shit went down, it wasn't just subprime.

>>50295202
and yet in 15 years time most will be dead and when you are outside in a group and say
> boomers were all cunts
there will be none of them above ground to argue

People will die in the upcoming wars. Then I'll get a cheap house.

>>50283083
We're in a bear market, it doesn't need to crash for prices to decline

>>50295149
Most of the cost of SFH is land, 5000 sqft plots sell for 75%+ of a starter home here

>>50283600
So you're a banker but can't spell oversee correctly? Get this shitty larp out of here. Probably one of those fuckers sitting on the sidelines praying for a crash

>>50295893
if anything it adds to the authenticity, many US bankers are poorly read

just saw a ranch house today in southern nh for 450k
a fucking ranch for 450k

Learn to screenshot boomer

>>50295297
Lol 15yrs they'll be dead? I don't think so m8

>>50295713
Why do you doomer faggots always say shit like this. Why can't you be realistic it's why most of old/lol/ and /new/ was right about everything for the most part but when zoomer nigger shithead newfags came in they think literally everything is over they try to blend in but end up going overboard and sounding like utter fucking retards. Just like how qanon shit happen faggot boomers saw how /pol/ was right all the time then just believe everything

>>50295283
Lol there were more the one occasion where a bank run happened you moronic fucking doomer

>>50284893
>Hoomer euphoria

>>50296075
This is an extremely emotional post. There's nothing doomer about pointing out how bubbles, as a rule, get popped over time. The only unrealistic one is you for thinking a modern mutt's garbage plastic house should roll for $500k.

The housing market is made out of paper and relies on western nations importing 18 quintillion brown people every year. It is quite literally the largest pyramid scheme humanity has ever produced, and the pop will be harder than anything we can fathom. You can learn simple economics and play accordingly, or get fucked by the long hard schlong of the upcoming great depression 2.0

>>50286544
>listings are spending more time on the market. the number of sales are going down. prices are slowly going down.
>>50286686
>>50286752
>there is no a surplus of disposable income to sustain this
Holy shit what a fucking retard, none of this is true in the Northeast and Mortgages are barely 5.5% and headed down ladt month. Fucking dumbshit get a jumbo prices arent going down except for losers in shit tier states with no jobs

>>50295775
In high cost areas yes but most of America the land is pretty cheap. These lower cost areas aren't going to see price decreases since the house prices are so far below new homes.

just relax and focus on cash flowing hard
you will beat all the high time preference "investors"

>>50293704
I got an aunt living in one of those urban sprawl shitboxes.
Even though the neighborhood is degrading with a couple of spics and a couple of niggers, they’re still getting 400k to 500k. I don’t want to imagine how awful it will be in another decade.

>>50282980
It's on the verge of popping. The MBS and CDS are shitting the bed. Gonna be worse than 2008.

>>50283889
Looks like shit

>>50295914
By ranch you mean single story, or it came with sheep?
I remember in the 80’s seeing some Vermont chunk of farmland going for almost a million, maybe almost 20 acres with an old house iirc.
I remember in the 2000’s an undeveloped tract (no sewer or anything yet) in a Boston suburb, the per house cost of just the raw land was going to be nearly half a mil.

Boomers here are flooding the rental market with houses they can't sell.

House prices and rental prices are both going down while mortgage payments are going up.

So many people are going to be underwater soon.

>>50283889
that is alot for a shitty old house in ohio. Especially since you can buy a decent place in florida for that price.

>>50283075
how many years do you have to work for 300k after taxes and after living costs ?

>>50284893

if you're patient and not in a hurry to self
>set your price to what you want
>wait
>eventually a buyer will make an offer
>profit

even if you price it 20% higher than it's "worth" now it will sell eventually

>>50282980
it isn't really a bubble

>>50284147
Good take.

>>50296633
only people underwater will be the ones who bought POS houses amd overpaid initially. Boomers are cheap, old, patient, crusty fucks who would rather die than lose a nickel.

Tens of millions of US boomers will still be around in 20+ years.

>>50296730
>only people underwater will be the ones who bought POS houses amd overpaid initially.
so literally everyone who bought in the past 2 years

>>50284294
how do you buy silver without being jewed on fees?

>>50296730
Boomers are dumb as hell from leaded gasoline and have spent the 30 year bull run leveraging up and buying for higher prices. Here they get interest only loans and never pay down the principal. They're going to get rekt along with new entrants.

>>50296807
Only people who are fucked are those with non fixed mortgages, variable rate retards get the rope. Being underwater won't matter if you don't intend to sell.

>>50284147

By my hand over 200 purchase mortgages were closed in the last two years. You’re a fucking retard, the credit ratings and qualifications are higher than ever. You’re just jealous because the house prices would have to fall like 50% with a 6% mortgage with 20%+ down to match the payment of the idiot who put 3% down.

>>50297092
>Studio

>>50296207
Ya ya emotional post suck me you fuckin faggot. Showing an emotional outrage over some zoomer shithead like yourself shitting /biz/ up constantly with /pol/ garbage give me a fucking break. Your entire post drips with faggot zoomer retard brain. Extremely online derenagment syndrome DOOOMER. Shit is like reading some faggot who hasn't been alive for more then ten years and read some retarded shit off zerohedges constant doomer posting that has never been right at fucking all. ECONOMICS BRO! fuck off man I'm tired of your gay shit already and I think most people are ready to go out into the streets and start smashing zoomer skulls and boomer skulls in. Millennials and gen x are all sick of your fucking shit MAN. Boomers and zoomers have liter5 been the one two punch for destroying literally.everything. HEHEHE IM JUST BEIN IRONIC MAN IM JUST JOKIN. Fucking do us all a favor and kill yourself. Are you Canadian by any chance?

>>50296807
what I meant was if you overpaid for a house but it was a new contruction or less than 20 years old you have nothing to worry about.

>BUT...

If you bought some old ass POS house in a niggerfied area or some shithole city year you're prob gonna die in it if you're an old boomer but most of those purchases were from retard Millenials.

I see Austin and Nashville being two of the largest mistakes that will be most underwater these avocado toast eating motherfuckers made.

Also San Francisco once the recession 2.0 hits

>>50297164
lot at the lot sizes you retards plus they have electric and water already out there

>people aren't buying that for the shacks dumbass

>>50297123
This is the most delectable seethe I've read all month. Seriously, congrats on this. Did you buy within the last 3 years anon? Ohnononono please tell me you didn't cuck yourself with a mortgage right before the big drop comes?

>>50283570
Deceptive, likely a lot of acreage

>>50282980
Pig and farm boobl

>>50297231
also will add it's in California (for some faggots that's important)

>AND

it's close to Palm Springs

>AND

these types of listings are highly negotiable

>>50297240
Oh look another faggot basedjak! How predictable! What more are you.gonna say? Gonna call me a fucking tranny gonna post tranny faggot surgery or some shit next? Holy fuck man I am tired of you and tired of how SHIT my favorite website has become because of YOU. That /q/ shit the attitude that is always present is fucking zoomer brain damage it's like baby boomer brain dialed up to 1000000%. I don't even have a hand in the market I'm just tired.of your unoriginal phone posting faggot zoomer shitheads that deserve NOTHING.but your skull cracked open. I'm a fucking neet too I just hate you normie lol faggots so much.oH NOwes Basedjak ahhh oooo ehhhh AHHHHHHHHHHHH fuckin ahhhhh OkoooooKoK ahhhh unoriginal piece of shit without single unique thought in your fucking brain. I'm glad as fuck I was here before you shitheads I hope you get scammed outta your gay apes

>>50297240
Also answer my question zoomer nigger you a Canadian?

>>50297355
Why trying to suck my dick troon?

>>50297396
On time as predict check mark based response based and red pilled ssoyjack 0osted ready to move on to the next post! You are Canadian then lmao fuck. Fuck Canadians fake people fuckin faggots.

Would it be a bad idea to buy a house now

>>50296842
Garage sales or rare deals in antique shops. Otherwise, you're getting jewed. I have actually bought gold for less than spot though so if you shop carefully you may be able to do the same for silver.

>>50297475
I'm a Eurochad. I do find it funny how the leafs live rent free in mutt minds though. kek

>>50296250
In low col areas prices have still jumped 30% based on increased borrowing capacity from ZIRP/QEi, prices will continue to fall as the market prices in lower borrowing capacity

>>50297164
for 5 acres that seems like a pretty good deal ngl

>>50298625
>anywhere in california
>good deal
lmao

>>50297092
>>50297164
>CA
I've watched a bunch of youtube videos of people trying to build cheap homes on blocks like this. Things like shipping container houses.
My understanding is the fucking red tape in CA is batshit insane. Like you would spend more on trying to get approval and permits for every.single.process when trying to build.

>>50284606
>he only buys the top
Top lel niggg

>>50298625
You could get the same shack and emaciated land in Nevada for $20k and no income tax

>>50284147
As soon as real estate becomes less profitable because people can no longer afford increasing rents and homebuyers are priced out by increasing inflation Blackrock will move on to a higher yielding asset class. There are a lot of homes in the US but only a small percentage of them are on the market black rock owns enough that they could effect prices. Still think buying a house at 3% interest with 3% down payment was a good move in 2020 though prices would have to drop 60% in my area to go back to purchasing price

>>50283889
Marblehead is a lakefront / beach town, it's next door to cedar point. That would probably be a vacation rental not a primary residence and is likely propped up by the land value underneath it

>>50284356
>During World War 1, the Weimar Republic
How fucking stupid are you?

>>50287615
damn thats comfy as hell

>>50282980
Depends where you live. In Finland it's not really even a thing other than a select few places where the houses are brand new and millionaire tier anyways. But that's not even a bubble, just high quality expensive homes in the most sought out neighbourhoods in the capital.

In other big cities prices have stayed the same or even decreased.

>>50283111
Quality HOPIUM for us rentoids

>>50300640
I live in Dubai and I think the prices here aren't coming down.
I recently paid for an apartment (with crypto) and it was super expensive. Had I not used Utrust platform, I'm pretty sure the fees from banks would be like a thousand dollars.

>>50294051
Are you retarded?
Russian architecture has to be solid as shit or it won't even survive one winter.

Stop coping

>>50287615
Need German schlosschen at this very instant

>>50283471
Builders in Oz are going bankrupt because they can’t financially complete homes within the signed upon amount.
They include wages rise among the excuses but that’s just the Jews lying. Material and fuel costs are going to fuck us all.

>>50283574
>hopefully will keep crashing 20-30% and i can get one
that's why it won't crash, there are so many people on the fence ready to buy at -5% -10% and so on while some are like you hodling out till -30% and never getting in

>>50283115
Kill yourself
Leeches get the rope

>>50283256
bruh its the trees not cracks

Is it this bad outside of America?

>>50284766
A house is worthless if you can't raze it and replace it with "luxury" apartments or condos.

>>50295202
kek there is an entire subgenre of united states television shows running 24/7 that shill this as a good use of your time.

I think that's why every single fucking house from the 1920s-1960s you see on the market looks like the same airbnb on the inside

>>50282980
It is. Bad enough that I will wait for the crash and buy afterwards.

>>50297946
even that is such a mutt saying
> rent free
always with the money

>>50299632
> bwak wock will bwuy up all my pwopety
the new fed put for tards

>>50300740
or more accurately: maths>>50301512
>that's why it won't crash, there are so many people on the fence ready to buy at -5% -10%
are we on a thread about Bitcoin

>>50301512
>that's why it won't crash, there are so many people on the fence ready to buy at -5% -10% and so on while some are like you hodling out till -30% and never getting in
are we on a thread about bitcoin with you incoherent tards or housing?

>>50303096
I guess I wasn’t clear I meant the exact opposite they are about to sell the houses they own and buy something else as soon as it’s convenient like treasuries

>>50287615
Looks like a money pit.

>>50283657

LEL

>>50296207
>The housing market is made out of paper
no but the money is

>>50297946
Whatever you say zoomer nigger

>>50297164

you could easily run that box on solar. if you are an isolated incel why not?