/biz/ - Business & Finance

>>51302684
Good luck anon
I hope you get it

>>51302684
NOOOOO NOT MUH HECKIN ZESTIMATE

>>51302684
That was 500k? KEK

>>51302684
WHY HAVE YOU FORSAKEN ME

1k sq ft? still too expensive

>>51302684
>11/18/2021 Sold $376,000

LMAO!!!!

>>51302684
This is only the beginning, expect shitshacks like this to sell for well below $100k by the time we reach the bottom.

>tfw born in Hudson Valley
I basically need to leave my whole life behind here if I want to own my own house, as it’s so fucking expensive.
I look at houses in other states and get furious at how cheap they are. I want to stay on the east coast, and I want to be under an hour away from somewhere I can go skiing. Is that too much to ask?

CUT MY LIFE INTO PIECES

THIS IS MY LAST RESORT

>>51302684
BURN BABY BURN
FUCK YOUR ZESTIMATE I WANT A HOME NOT AN INVESTMENT

>>51302684
>oh fuck oh fuck
> -5%
> -6%
> -7%
>AAAAAAAAAAAAAAAAA

>>51302684

>>51303706
Why'd you block out the street name retard.

>>51303779
maybe i know them

>>51303706
Euro here, that's now a house that's some sort of temporary shed in a small garden. Look at the roof. Its some sort of sheet metal or plastic. The walls are made out of some sort of wood scrap, not even brick, not even cement just some old planks.

>>51302684
I can buy it right now but I don’t want to live in AZ

>>51303451
Wtf? Why did she wipe her tears with her hamster? I hate women so much.

>>51302684

the best part is how the last guy bought at 375k for a flip and thought he struck gold on the meme pump to 500k only to get rugged and forced to sell at 265k or lower

>>51303371
It will never get that low.

>>51302684
>Arizona

Chandler is a nice area too

>>51303891
no one cares faggot. the house is probably going to cross $1m in a few years anyway because az is turning into the next florida for retirement boomers

>>51303371
Nah, the stones in the walls gives it a modern look and it’s a 3 bedroom in AZ. That’s worth at least around 250k, even if the space is on the smaller side.z

>>51303864
nope that's a highly prestigious trad house (built in the 50s!) close to downtown in one of the most prestigious tech cities in the USA only a sucker would pass up the rare chance to buy it for a 150% mark up from 2018

YOU GUYS SAID IT WAS DIFFERENT THIS TIME
YOU SAID HOUSING WOULD NEVER GO DOWN
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>51303924

>>51303706
Jesus Christ house prices are getting ridiculous in Austin. Someone needs to kick all the Cali expats out.

>>51302684
>yfw that's actually OP's house he's selling

>>51303706
I could build that by myself in two weeks

Anyone remember the flood of "buy now or be priced out forever" shills?

>>51304253
yea and you still wont buy a house even at discount so why do you care about real estate at all boy

>>51304253
I BOUGHT THE TOP BECAUSE OF THEM

>>51303924
The same boomers who got themselves AIDS via vaxmaxxing?
I wouldn't count on them to buy a house. Or anything, for that matter.
We are just a year after the (((injections))) and the culling is already kicking in full gear kek.

>>51303920
The parts that aren't the ghetto. But a lot of parts are the ghetto.

>>51302684
How many black families just moved into the street?

>>51304253
They were right and you're going to be very upset when you try to buy the bottom at $400K but the interest rate is jacked up to 12%, netting you a $3600/Mo mortgage payment despite your 20% downpayment of $80K.

Being "priced out" is not just in terms of raw costs. Powell is working some magic on the other end too. That said, you'll obviously be fine if you've got enough liquid cash to buy outright, but most people never seem to have it for some reason.

>>51303706
>the sq/ft keeps going down

>>51307395
Common side effect of shrinkflation, it doesn't only affect groceries.

>>51307395
The price per sq ft dude

>>51302684
>buying a house in spic territory
cringe

>>51302684
le hecking barterino its over boomers prices on paved desert cucksheds have collapsed to levels unseen since 1.5 years ago

>>51303928
az is a waterless, spic rat infested shit hole

>>51307395
its the drought. Its shrinking because its not getting any water.

>>51307337
cope

>>51303928
>the stones in the walls gives it a modern look
I always wanted to live at an olive garden

>>51303451
everywhere else is a shithole not worth living in. that’s why the price is so expensive.

>>51303903
You wish. People can't afford groceries or gas, especially with what Biden has done to the reserve. It's going to be a house fire sale and I can't fuckin wait!

>>51303706
Is this what really passes for a house in muttland?

>>51307337
right, they didn't mean just the cost of the house itself

>>51307337
>Not paying cash for houses because you don't have a comfy stem job and missed out on chainlink.

The absolute state of /biz/ in 2022.

>>51302684
I live in Appalachia and have a median home in one of our suburban cities. Paid $180k for it in 2015. Zestimate has it at $360k right now, but if I put it on the market, I’d be in the same boat of overpaying for a comparable home.

I’m thinking of buying a $200k lot and just holding it indefinitely

>>51307337
I would rather have a $3600/month payment on a $200,000 mortgage than a $3600/month payment on a $1,000,000 mortgage. I'll let you figure out why.

>>51307337
>>51304293
The cope rises

>>51304369
TWO MORE WEEKS

>>51307550
In muttland you're supposed to not live in a city.

>>51303924
It's turning into Niggistan from all the Commiefornians coming here.

>>51308259
>Holly Springs, Mississippi
>Racial demographics: 80% black
Lol.

>>51307395
>the square per foot
/biz/ the home of the intelligent investor

>>51307395
Houses don gro like they used to no more.

>>51307519
There's so much more you could hate them for though.

>>51303371
I will be slurping so much estates if this happens which is reason it won’t

Why do Americans want to live in the desert?

>>51307395
Its the jews and their shrink ray, they use to devalue your properties.

>>51312319
Why do Americans want to live among niggers?

>asshole politicians shouldn’t actively promote their interests with ultralow interest rates
It will never end. The dwellings per-person is not terrible in the US. Just when you throw in divorce, boomers not downsizing, 2nd homes, AirBnBs, empty investments properties and decrepit houses... all of those combined create a large housing shortage.
>What is mainly fueling these issues?
Inflation and speculation. The rich are trying to find somewhere to put their money during a high inflation environment. The number of homes that can be built in a year is small and everyone needs somewhere to live. That makes homes a safe place to store wealth. To top it off just 6 months ago there were 3% interest loan and 9% inflation. You would be stupid not to buy as many homes as possible.
>how will this get fixed?
The FED would need to raise their rates to 9% or higher for a long time(3 years). This will make speculation using loans expensive.
Local governments needs to allow for more homes to be created and to be fixed up. The also need to make cheaper and faster permits for home improvement projects.
The last thing that needs to happen is evictions and foreclosures need to be streamlined. If someone is not paying their rent/mortgage everyone else is. Kicking out parasites makes homes cheaper

>>51302684
>living in arizona
no thanks I'd rather never own a home
Good thing my father started real estate investing young and now has several houses in Major cities(and more calm areas as well) along the west coast and even a 10x drop in price wouldn't match his buy price.
Thanks dad I love you.

>>51312319
>>51312754
only the retarded ones. i get to live comfy near the forest amongst aryans

>>51308259
but the trees give the illusion you're a feudal lord in 8th century england, just never go past the driveway

>>51303451
>tfw just closed on a house in columbia county
bro it's really not that expensive when you consider how close from nyc it is where real estate is like x5, x10. if you can bag 50 or 100k from crypto you'll be able to get a mortgage EASY

>>51303779
>>51303706
Heres the house, learn to image search.

https://www.zillow.com/homedetails/602-E-47th-St-Austin-TX-78751/29403657_zpid/