/biz/ - Business & Finance

>>51451440
yet prices remain as high as ever, so does this even matter?

>>51451556
sales have slowed way down and people are already starting to slash prices. Another year of this and sellers will be in a world of hurt

>>51451440
good

>>51451621
>Another year of this
what's a good entry point?
I don't wanna wait that much... wat do?

>surged
WEN MOON 30Y?
SHOULD I APE IN?
MY BUDDY SAID 30Y RATES ABOUT TO EXPLODE WHATS THE SUICIDE STACK?
100% EOY????

>>51451621
This. I was looking to dump a property but now I am going to wait it out to see if interest rates will start declining to sell. a lot of home market Prices are starting to get cut in some areas as evident on zillow. If rates exceed 7% prices are going to get crushed. But new home buyers will still be screwed because who wants to pay 7% interest on a 300-500k loan?

>>51451676
wait for prices to come down, the fed just started tightening and it looks like they will continue to hike rates this year. If the fed pivots and starts lowering rates, home prices could start increasing again.

>>51451440
>AS OF TODAY SEPTEMBER 15TH, THE NATIONAL AVERAGE 30 YEAR MORTGAGE RATE HAS SURPASSED 6%. ITS UNIRONICALLY OVER FOR HOME SELLERS AND BUYERS

hopefully we can crash the market so i can buy these deadbeats' properties while they are thrown onto the streets

In 2009, I bought my first home for $200,000. I bought it on a short sale from a lady who had bought if for $515,000 in 2005. She could no longer make her mortgage payment. I sold the same house in 2019 for $460,000. Zillow says today it's now worth $630,000, which seems insane to me for a 1,400 square-foot, three-bedroom home in commuterville.
Back in 2005, the Fed's Fund rate was lowered to 2.5 percent. Housing prices began to shoot upward. Then the Fed began raising rates until they hit a high of 5.25 percent in June 2006. Home sales began falling in September 2006. Then they collapsed nationwide and were dirt cheap 2008-2010, before slowly climbing upward again, then shooting into the stratosphere in 2020.
The housing bubble today is larger than back in 2005. We are beginning to see price cuts on homes for sale. The collapse comes next. All you people who want to buy a home, keep your powder dry. History might not repeat, but it rhymes. Inflation, deflation, confiscation. That's the Fed's game. It's why the rich get richer and the poor stay poor. Buy low, sell high.

i should have invested in physical interest rates. i missed the boat

>>51451556
The math is quite complicated..
your monthly interest payment for borrowing $200K at 3%, would be the same as borrowing $100K at 6%.

This is obviously gonna affect housing, a lot of people don't have the income to support these high loans.

trouble is that most buyers already locked in their 3% mortgages in 2020-2021. so unless there is mass layoffs I don't know how low prices can really drop.

>>51452922
>interest rates skyrocket
>severe decrease in the amount of property transactions
>title companies, inspectors, appraisers, agents get laid off
>those people no longer have disposable income
>restaurants, hardware stores, piano lesson teachers, vehicle sales subsequently suffer business losses
>repeat until every industry is affected
all because some video game chick just had to go and fuck five guys

>>51451440
They really are shamelessly doing the same things they did in 08'

>>51453527
>gib minorities a ton of loans to buy houses out of nowhere
>shortly after exorbitantly raise interest rates

SHE'S A MANEATER

>>51451440
It doesn't matter. They can import refugees faster then new houses can be built. Perhaps you should try to start mass murdering mechanical engineers until we cant figure out how to get energy for modern transport.

>>51453470
This guy knows.

>>51451556
Some brrrr LLC run by instathot Mexicans just listed a house for half a mil in a neighborhood with an average home price of 400k like 2 days ago. There are thousands of retards still in denial. The crash will be legendary.

>>51453470
Thus also affects companies takes out loans to build new buildings or opening a new restaurant or buy new equipment.

>>51452104
The dry powder you're talking about might be great to have when everybody is defaulting, but the solution to the default is to print money.
There is no escape from this thing. Society demands, politically, that we print money. People today hoping they stop printing money have no fucking clue how bad things would get if that happened.

>>51451556
>prices
ASKING prices, not necessarily sale prices.

>>51453648
Best part is they will only lower the price 5k every week. That would take them 20 weeks to get down to 400k. They are fucked.

>>51453648
The crash won't happen unironically until all the boomers die 20 years

>>51451440
kino

>>51451721
Exactly. It’s just a question of the nature of how the buyer gets fucked. Do you pay it in the overpriced house or the overpriced loan. Will things get real fun and we’ll have overpriced homes and overpriced loans? Maybe! We’re already in Hell, it’s just a question of how deep in Hell we actually are.

>>51451721
>new home buyers will still be screwed because who wants to pay 7% interest on a 300-500k loan?

can always refinance down the road, this will be good for buyers who arent absolute retards, i hope they hit 10%

>>51453758
that would be a big risk / big gain move. right now, it cant be justified because prices arent moving relative to the massive increase in costs of money. people are still paying absurd prices, combined with absurd interest. one of those has to give

>>51453792
if you sell, you know you will regret it.
You think you want more dollars, but you don't.
You want everything the dollars buy. Hold anon, especially if it's food or housing.
Things are going to get really fucekd up

>>51453792
for sure, theres no way id be buying right now, just saying trading much high interest at lower prices is better for the avg person looking to buy

>>51453708
Boomer retirement wave is already hitting, as far as the economy is concerned it's actually better if they die. Retirees are a drag on the economy, non-productive and they take more resources up too.

>>51453900
If only there was a virus that largely kill sick and old people.

>>51453674

The way I understand it, they don't actually print money. The money supply increases when banks issue loans, whether as mortgages to homebuyers, treasury bills to the government, car loans, etc. Low interest rates stimulate more lending, expanding the money supply and causing inflation. Increasing interest rates leads to less lending, which contracts the money supply and causes deflation. Inflation, deflation, confiscation. We appear to be at the beginning of the deflation stage of the cycle. In my area, Zillow is finally showing price cuts on houses for sale after a huge runup last year. Tons of new homes are in construction, just like before the last housing bubble burst. So prices are coming down and new construction is coming onto the market. Perfect conditions for another housing collapse. Confiscation of assets at basement rate prices might be here in a year or two, maybe sooner. Although, no one can predict the future, except insiders.

>>51451440
Imagine being a renter priced out forever. Sad. Many such cases.

>>51452922
This, people with 2% loans are not moving. Rentoids are still priced out

>>51451440
Twice in 1 generation? Golly gee that's crazy! Everyone is coke-fueled gold fish.

>>51453470
>all because some video game chick just had to go and fuck five guys
based oldfag

>>51454297
What's her referring to? Sam and tolki?

>>51454222
>The way I understand it, they don't actually print money. The money supply increases when banks issue loans, whether as mortgages to homebuyers, treasury bills to the government, car loans, etc. Low interest rates stimulate more lending, expanding the money supply and causing inflation. Increasing interest rates leads to less lending, which contracts the money supply and causes deflation. Inflation, deflation, confiscation. We appear to be at the beginning of the deflation stage of the cycle. In my area, Zillow is finally showing price cuts on houses for sale after a huge runup last year. Tons of new homes are in construction, just like before the last housing bubble burst. So prices are coming down and new construction is coming onto the market. Perfect conditions for another housing collapse. Confiscation of assets at basement rate prices might be here in a year or two, maybe sooner. Although, no one can predict the future, except insiders.
Checked and you are correct except for one minor point: the Fed does print money and supplies it to the commercial banks as reserves. The commercial banks then loan out money which people spend, backed (partially, fractionally) by their reserves. If the Fed didn't backup the banks reserves, then the banks wouldn't loan so much and the debt bubble wouldn't be as big. That's how I see it anyway.

>>51454347
DON'T TELL HIM

>>51451556
Rate locks and just the industry in general causes things to go at a glacial pace.

>>51454347
>What's her referring to?
Zoe Quinn, the gaming journalist slut who sucked off men for personal gain. Triggered the Gamergate saga which redpilled many /v/irgins and contributed to /pol/'s rise to relevance.
>if only they had let me enjoy my video games

>>51454347
go back

>>51454444
>>51454492
Haha
He told me

>>51454297
>if you were here for GG you're an old fag

>>51454492
>was not a misogynist
was sucking off both men and women

>>51454548
this, holy fuck go back you newfags
t. 2009 cancer

>>51454574
I still remember /l/ :)

>>51454603
everybody walk the dinosaur

>>51451440
People like me who locked in rates below 3% these last few years are not selling even if we want to. This is a lose lose situation for all involved

>>51454430

Yes. I suppose the printing of money is mainly a metaphor because what we are talking about is numbers on a computer screen. The printing of cash by the U.S. Mint is not much of a factor in the scheme of things.

>>51454492
where can I find info on GG. I really didnt give a shit at the time because I wasnt really gaming (stuck to the same game last 20 years). Any source I look for has these hos depicted as heroes/martyrs.

>>51451721
why wouldn't you put it on sale anyway? if you ask for $X and someone buys it for that price, why would you even care about interests rates and shit? that's not your problem...

>>51454887
https://youtube.com/watch?v=VKKzFeMBJiQ

>finally have a good job and 100k to put towards a house
>this is the state of the market
give it to me straight bros, should i just buy the 400k house or rent for another X years

>>51454732
What I meant to address was the supposition that the Fed doesn't "print" money (i.e. make currency). I remember back when inflation was ramping up in 2021 that liberals were trying to argue that the Fed causing inflation was conspiracy theory, and their argument was
>the Fed doesn't print money, the banks do
but this is flawed, because the fractional reserve system is in place which maintains that the banks need backing by the Fed in order to do their "printing"/loans.
>the Fed makes currency
>currency is loaned to the commercial banks at the Fed funds rate
>commercial banks loan out currency to their clients at interest greater than the Fed rate
>banks need to maintain the reserve requirement (historically they can lend out 10x their reserves IIRC)
>therefore, if the Fed does not lend to a bank, they have low reserves, which implies that that bank cannot lend out, i.e. create, more currency
>therefore the Fed still is a cause of inflation
Not that that was what you were implying; I just remember being annoyed at Fed apologists.

>>51452922
You can find this exact quote in articles from 2006 holy shit I don't even blame the Jews anymore the game is too easy.

>>51451721
>I was looking to dump a property but now I am going to wait it out to see if interest rates will start declining to sell.
Interest rates arent declining any time soon...

>>51451440
ONE HOUSE

I DON'T KNOW WHY

>>51455166
The quality of the loans now is much better than it was then. Just now we’re getting BOA proudly announcing no down no qual needed diversity loans, but that started 2003 last time.

>>51453721
You learn from the Boomers: Buy a cheap house on high rates, refinance when interest rates drop, dump on Gen Alpha to enjoy ur retirement. So easy that even a Boomer can do it.

>>51455401
Lmao imagine thinking these buyers are actually able to pay their mortgages when they start having to repay all their student loans.

Their biggest debt isn't factored into their DTI because of a temporary pause in repaying. They went out and speculated into housing they can't afford with normal debt obligations. Let's see if these credit scores actually predict the borrower's ability to repay their loans.

>>51455135
It’s a stalemate, sellers are too stubborn to drop their price and buyers are too stubborn to not pay higher interest rates leading to no home sales. Housing market is financially illiquid with 0 volume

>>51451440
I hope anons are able to purchase homes cheaper in the near future.
t. Homeowner

>>51451440
so can someone fucking answer the question on all our minds already? when is the best time to buy a house? next year? 2024? are home values supposed to drop? is the bond yield expected to drop too (which also tends to corresponds with mortgage rates)? i dont want to currently settle for a 300k home located in nigger central

>>51455467
Prices are barely dropping true, but it seems like interest rates are going to be rising all the way through next year. What impact dose that have? Even less volume meaning sellers start capitulating and lowering prices?
I could probably stomach renting for another year if that's a legitimate scenario

>>51452922
>most buyers
lmao ya the majority of buyers got in at the lowest interest rate.
captcha:80J888

>>51455139
Yes, good explanation.

>>51455496
Inflation will not subside until rates go higher than the inflation rate, if done suddenly it will induce a Volcker Shock. Rising rates will mean that the amount paid before principal is paid back is higher, so the payments will become more and more unbearable until a tipping point is reached. However, falling prices will offset the higher interest rate payments so ultimately it will end up being just as shifty buying a 300k property at 10% as it was buying a 550k property at 3%. The only way to fix it is simply produce much more supply to bring down prices or lower demand, but that will only happen if material costs significantly decrease or a large amount of population declines. Either scenario will not be feasible for years and it will be a rough few years for any first time entrants. In other words, buy the dip but don’t be hopeful for a giga crash.

>>51453678
People won’t and don’t want to get it.
Things are worth what someone is willing to pay.
Literal roastie wanted to have this talk over her house.
>but the appraisal says it’s worth 200k you saying appraisals don’t matter?
>yes appraisals don’t matter. you can only sell your place for what someone is willing to buy, if they can’t get the money to buy it for 200k and you can’t find a buyer for 200k then it isn’t worth 200k no matter what hundreds of appraisals say
She acted like I had murdered Santa Claus in front of her and then she comes out with
>it won’t matter if I can’t sell it I’ll just ice it to the bank and I’m done with it
>no youd still have to pay the outstanding loan on it
>you don’t keep the house and you have to pay anyways??
People are retarded and this is how we will have 2008 and worse all over again

>>51455466
I think these people 22-37 years old aren’t driving the house buying market.

>>51455071
Funny how a lot of the headmates shit on tumblr manifested itself into troons cutting their dicks off today lmao

>>51451440
Already own my home mortgage free. Good luck faggots, kek.

>COVID kills off lots of home owners
>the old (and their families) still want to charge young people exorbitant prices to live in a home vs cramming them all together in cheap apartments
>the same old people continue to wonder why young people don't value family and marriages anymore despite pushing them out
>new homes being built are ugly as sin and samey as fuck compared to older neighborhoods, completely devoid of soul just like how fancy restaurants are turning into ugly, dystopian rectangles
The bubble cannot pop any faster. Fuck the current housing market and fuck modern architects with their minecraft cube turboautism.

>>51455576
Thanks for your input

>>51454430
There is no fractional reserve system, and this got empirically proved.
https://www.researchgate.net/publication/265909749_Can_Banks_Individually_Create_Money_Out_of_Nothing_-_The_Theories_and_the_Empirical_Evidence

https://youtu.be/3N7oD5zrBnc

>>51453470
>five guys
lmfao

>>51451621
what if i never sell goy? what if hold it forever and make you rent it from me for ever increasing prices??

>>51455704
fuck off with this cumrag

>>51453527
>"man, fuck my heritage and adjacent heritages, I will be a good samaritan and donate my home to the needy! :)"
>crime rates go up in those neighborhoods
>dindus destroy and devalue old houses with their pea brains
>ne'erdowells continue the cycle by claiming that not wanting to be neighbors with them is bigoted
>they also continue to give birth for muh gibs despite how bad it is for their kids
But hey, those kids will buy a house one day, right?

>>51455747
This is now a thread about obese diseased bisexual artiste daughters of Daddy Warbucks.

>>51453708
This. I only give boomers another 10 years or so. They're unhealthy as shit & so fucking stupid.

>>51453527
Houses will go down in price but not below the historical mean.

>>51453933
No virus unfortunately but the vaccine works very well for that

This are the times when I think americans do not know how lucky they are. My realtor let me know that I did not get a 320000 1 BR condo in 2006 I was going to rent forever. I bought my first property in 2008 for 160000. The previous seller bought for 350000. Moved to the ghetto with my wife a couple more times and on 2018 we had $800,000 in cash after taxes. My friends that bought around the same time than us are on million Dollar properties. We moved to a 1000 sqft condo with no backyard and bought a TH cash just to rent. We have more properties to rent and my wife just quit working. Me working for insurance only. Salivating at the cheap real estate that will be available on the next 6 months. Mortgage brokers and real estate agent are going crazy offering me great deals, but here waiting again. I still not sure how I became a landlord. This might be the start for a young guy to net millions of dollars. Good luck

>>51453853
>hold
>especially if it’s foood
Thanks for the advice Anon, I was gonna sell the moldy fruit in my pantry

>>51455493
Definitely not last year 2021. And not 2022 obviously. Maybe 2024

>>51455611
This. All of this

>>51456106
so current asking home prices are going to remain stagnant for now until 2024? what would be the catalyst for lower home prices like we seen the years following 2008?

>>51456106
Come spring we will know where the market is going.

>>51453527
based
blacks always first, whites second

>>51456186
I wish I won't need to buy a forclosed home from a nigger.

>>51451721
you should just list it anyways - you might find a cash buyer who doesn't care about rates

>>51451556
>yet prices remain as high as ever, so does this even matter?
sellers will start slashing prices to get buyers, it's only a matter of time, the end of free money is more than welcome, as a saver i have been ripped off for a decade now, finally will be able to get some return on my savings

Never selling.
I will just continue to buy shitty houses in the ghetto for 20,000 cash from nogs, then turn around and rent it to other nogs for 1200 a month and provide absolute lowest legally possible living conditions
Pro tip:most nogs get part/most of their housing subsidized by your tax dollaridoos
Thanks for playing

>>51454887
You know how Trump feasted on all attention, including negative press?

Basically that's the playbook the whores ran along with the standard victim complex. And of course the media sided with the whore

>>51456362
You're a scumbag slumlord for doing this. People like you are the reason the ghetto continues to remain the way it is.

>>51454257
Nothing is forever.

>>51456444
I have little sympathy for lipstick flippers

>>51455493
Prices are dropping already. But after massive layoffs it's when you will see a significant price drop. Layoffs will happen eventually because recessions happen all the time. But you will be out of work too most likely and no one will give you a loan, so you are screwed either way.

>>51456646
im collecting 100% va disability P&T so income isnt an issue on that for a home around 300k

>>51456702
You can only buy a Garage
>>51455436

>>51453708
The cull will be safe and effective

>>51456455
No, In fact the reason is the nogs who sold their only valuable asset for a quick payday in, get this.. US dollars.
Crazy right?
I’m not the cause of the ghetto dude nogs are and will probably continue to be.
They’re not all retarded, but 75% of them are.

>>51455401
>>51453527
The quality of our big beautiful loans is great like never before

>>51451440

>>51453470
covid lockdowns made it glaringly apparent that even with only a quarter of human input the system keeps chugging along nicely.
two thirds of the (now working) population could be out of work and nothing would change

>>51451721
srs question
how do peoplr even afford 5% on 300k loans? thats like 1.25k of straight up interest payments a month without even closing on the loan
with 7% that shit becomes 1.7k of just interest payments
jesus

>>51456362
>Gets killed by a nigger while checking the AC

>>51451621
As it should be. Higher interest lower prices. Hmmmmm its almost like poorfags benefit from higher interest

>>51457316
Yes. it is easier to put down 20% if the house is 100k vs 400k

>>51454222
>which contracts the money supply
HOW.
DOES.
IT.
CONTRACT.
THE.
MONEY.
SUPPLY?
WHERE.
DOES.
THE.
PREVIOUSLY.
ISSUED.
DEBT/CURRENCY.
GO?
ANSWER.
THIS.
QUESTION.
SERIOUSLY.
IF.
YOU.
CAN.

>>51457368
isn't less money going out if rates go up, thus contracts the money supply overall?

>>51457423
Where does the already existing money go in your scenario?
How does it get less?

>>51456465
Being priced out is.

>>51457184
Almost as if that is the chart of how much the currency was devalued by increasing supply

>>51455823
>ne'erdowells

Thats the wrong word for this context. It implies that they are just people causing a bit of mischief, just having a laugh.

The left is unabashedly evil, and they hate you. Don't use kid gloves when calling them out.

>>51457445
Back into the pockets of the bank jew, where else?

>>51457568
>>51457617
You're clueless about fractional reserve banking.

>>51457655
Could you explain where the money goes then? If not back to the bank, then where else?

>>51451440
does this mean landlords will go broke and housing will become affordable?

>>51457445
The money didn't already exist. It was created by the bank through fractional reserve. This means you deposit $100 at the bank, it can now loan out $1000, secured by your $100, thereby "creating" $900. Interest rates go up, less people take loans, less "money" supply.

>>51451721
hodl my tard!

>>51455290
haven't you heard from the tards about the pivot?

>>51457744
It goes nowhere.
The money does not disappear.
The debt is ever increasing.
Debt is issued with interest attached.
If you pay back a debt, where did the money come from to pay it back with?
Also debt.
Where did the the money come from for the interest payments?
Also debt.
At every step of the way debt is being issued and never destroyed to less than the principal on a loan.
DEBT IS EVER INCREASING.

Debt can only be forgiven and that is by relinquishment of ownership. And we're not in this stage yet.
>>51457783
Your $100 deposit already is a existing $100 debt with interest attached. Your money is owned by and owed back to the issuing central bank.
Keep that in mind.
You're confusing "money supply" with the rate at which new debt is being issued.

>>51457835
>muh fed pivot
is low level q-anon tier nonsense
on par with this gesara nesara bullshit

>>51455481
Based uplifter

>>51455692
Thanks for the video and paper, it makes sense that the creation of credit is an accounting trick, however there is a fractional reserve system as there are reserve requirements on banks:
https://www.investopedia.com/terms/f/fractionalreservebanking.asp
See also how quantitative easing works:
https://www.investopedia.com/terms/q/quantitative-easing.asp
I skimmed Werner's paper and he writes
>Between approximately the 1930s and the late 1960s, the dominant view was that the banking system is ‘unique’, since banks, unlike other financial intermediaries, can collectively create money, based on the fractional reserve or ‘money multiplier’ model of banking. Despite their collective power, however, each individual bank is in this view considered to be a mere financial intermediary, gathering deposits and lending these out, without the ability to create money. This view shall be called the fractional reserve theory of banking.
I think the disconnect here is semantic; perhaps "fractional reserve theory" is not the most correct theory of banking per se, but there is a reserve system in place that requires banks to hold a certain proportion of reserves, and if they do not have those reserves, then they cannot lend out or create credit.
Now that said, it may very well be that the reserve rate is 0%, in which case commercial banks lend out as much credit as they want.
https://www.investopedia.com/terms/r/requiredreserves.asp

>>51457655
Are you being clueless on purpose about the value of money?
Incomes in the US have not increased in value since the 70s. Yet you see a chart with the property values increasing.
Since no one buys a home with cash, they require a mortgage. So the prices are dependent on a persons ability to be financed.
The lower the interest rate the more money is out there in the economy and the less valuable money is. And in turn the prices of peppery go up.

>>51455720
I live on a boat

>>51457368

Money enters the economy when banks make loans. When interest rates are low, banks issue more loans and the money supply expands. But all loans have interest attached. You have to pay back more than you borrowed. This means total debt is always greater than the money supply. For there to be enough money in the economy pay interest on existing loans, you need a constantly expanding money supply through the issuance of new loans. An expanding money supply leads to price inflation. Eventually, once the total debt load grows too burdensome, you run out of borrowers able to take on more debt. The money supply stops expanding. But people must continue paying back existing loans. If banks are not issuing new loans, money starts accumulating in the banks instead of circulating in the economy. You get to a point when there isn't enough money circulating to pay interest on existing loans. The money supply tightens and people start defaulting on their debts. Then the lenders seize the physical assets of borrowers. Inflation. Deflation. Confiscation.

>>51451556
I monitor nice areas in my city and they have posted 2 houses for sale in the last month. Other houses have sat for months and have come down 15-24% of original asking price. I log in every day to see new notifications of price reductions.

>>51455501
Refinancing is a thing

>>51459190
You have to survive to refinance.
Americans buy "the most house that they can afford".
ARM loans? Good night.
>home drops in value 100k
Now you have negative equity and can't refinance.
Tough.

>>51452922
this. i knew these things were coming and i knew it was time to get a mortgage if ever there was a "right time"
i waited a little too long and had to settle for 4%. but hey wtf that better than 6%

>>51455493
Late next year or the year after. It’s still a gamble though. Assumes interest will ever go back to 2-3%.

>>51459300
Ackchuuualy, the best buyer scenario (rapidly approaching) is as follows:
-Homes drop 15%-20%
-Buy at 6% interest
-Positive equity
-Refinance later
Here is (you):
-Lock in 3%
-Home drops 15%-20%
-Negative equity for many years
-Stuck in place

>>51452922
>I'm a financial genius because I've locked in 3% on a 800k loan for a property and city worth maybe 300k in a bearish market.
Those on higher rates won't be making an appreciable difference getting in later but still.

>>51459390
yeah, i have considered this. but i decided i wasn't going to wait on anymore "what ifs".

im not deluded enough to think house prices will stay the same or that they will continue to rise.
but what does seem certain is demand for housing will not go away. and their is more than enough jobs for people willing to work, so employment potential is there.

i know its seems grim and crazy and looks like it could be the end of the world. but then again. it could very well work out fine. at least, fine enough to not really be a depression like some are saying is possible

>>51459441
Even worse.
800k loan is underwater. Homeowner is stuck in place. Can't sell for a long ass time.
Game over.

>>51459260
Any one who had a house before COVID had over a year to get a loan at rock bottom rates. Most people have low interest rate loans.

>>51459492
This isn't about rates.
It's all about the price that you bought the home for: >>51459390
The fucking entry price matters for your future financial prosperity and flexibility.

>>51458419
Banks are constrained by capitalization requirements set by the Fed according to g-sib rating:
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220804a.htm

>>51456081
>My realtor let me know that I did not get a 320000 1 BR condo in 2006 I was going to rent forever. I bought my first property in 2008 for 160000.
Based realtor ignorer.

Seriously though, there was so many realtors in 2020-2021 spreading FUD by telling people they'd be priced out of owning homes forever. You are a great case study that it's not the case. Hopefully I will be able to have my own properties soon too. Any tips for someone who'd want to own properties like you? How did you know to buy in 08?

>>51458533 (Checked)
Uh based?

>>51459155
>For there to be enough money in the economy pay interest on existing loans, you need a constantly expanding money supply through the issuance of new loans.
mixing stocks with flows. you pay interest on debt, it become income for lenders, who then spend it into the economy and ideally have it circle back to them as further interest payments. the money supply doesn't need to expand to pay debts, debt payments are just a part of the network of monetary flows.

>>51451621
>sales have slowed way down and people are already starting to slash prices. Another year of this and sellers will be in a world of hurt

No?
What if they just don't sell. Most people aren't selling their home because they need the money, lol. They are selling to upgrade or to move to another area. If they don't get the price they want they just won't sell the house. How would a seller be in a "world of hurt?" lmao. It's not like it costs them anything.

>>51453527
This is based on area. So a white person in a majority black area would get the same advantage. Still fucking stupid to base rates on skin color.

>>51459698
Realtor scum are probably worse than Jews, total lowest form of scum of the earth. I blame them, not Wall St. Jews, for 2008.

>>51453470
>all because some video game chick just had to go and fuck five guys
oy vey delete this post right now

>>51456124
>so current asking home prices are going to remain stagnant for now until 2024?

not him but i think the price is crabing at the top because home owners,specially those who bought recently, are in denial thinking it will keep going up. Sooner or later,with rates going up, people will start defaulting on their payments,specially the variable rate ones.

So in sumary, Housing is crabing and then it will bart simpson.

>>51454261
im gonna sell my house cause theres too many black peopl around here. my rate is 2.9%

my plan is to put like 80% down on my next house and only borrow a little bit
is that dumb?

>>51456428
thanks. There's too much blackpilling going on and a lot of this shit gets memoryholed because keeping this in your head can really do a number on you. Between the BLM "peaceful riots" summer and covid "14 days" I've stopped following any of it because it's too much.

all else being equal, house prices are inversely related to tax assessment and interest.

Felt very lucky buying in early 2020 and refinancing early 2021. Sitting at 2.675%. We "gained" 100k of unrealized meme magic equity. Don't really care if we lose that now; it is a modest 1300sq ft house, low cost of ownership, no mello-roos or HOA. We will never sell lmao.

We also made it a point to buy something that either of us (not both of us) could afford on our own.

Anyone looking to buy now is going to get fucked on interest. Real winners will be people able to snag good homes all-cash. I'm just happy I'm not rent slumming anymore and have room to run server equipment and not share walls with tweakers.

if mortgagees are not the lowest of the low of the human scum
they sold their freedom and sign a death pledge because of their paranoia of not owning a house, by buying the house at inflated price they also help to further inflate the price, they're the one fuelling this housing bubble, they're the golems that the kike use to keep the bubble
these subhumans truly deserve to die cold and starving on the street, they deserve what's coming

>>51453470
one could argue the five guys was a result of twilight princess getting an 8.8, so this entire thing is nintendo's fault

>>51459300
>i knew these things were coming and i knew it was time to get a mortgage if ever there was a "right time"
>i waited a little too long and had to settle for 4%.
Good for you.
I'm in the same boat - throughout the second half of 2019 I was preparing (credit, down payment, etc.) for a 2020 purchase of my first home.
As I started working with a lender in March of 2020, the world went to shit.
I decided to go through with it anyway, and I closed on July 1st of 2020. I figured it was either the stupidest decision I'd ever made, or a pretty smart one.

Turns out it was a good one - it was before values started to really pump in 2021, and I got in at 3.125%

>>51453527

>>51455401
these home loans will be "forgiven"

>>51457316
Think of the poor people that are selling and the real estate agents!

>>51451556
Canada is down 20% in my area since Feb 2022. We are ahead of you, but the collapse is coming.

>>51451556
Lmao this, boomers still delusional as ever

There needs to be a correction but keep in mind ARM's aren't making up as many of the mortgages today as they were in 2008. A quick search says 10% of today's loans vs 35% back then are adjustable and today's also have some protections in place like caps on how much they can increase and several years required between increases.

Or is the speculation that there are that many house flippers? If it is banks/foreign investors isn't in their best interest's to hold the house and rent it?

>>51451556
>yet prices remain as high as ever
Yeah that's what retards said in early 07

>>51461977

When is the USA housing market gonna crash. Its still damn high here. BS.

>>51452922
>The entire market turns over every year
You are a retard

Law of maximum pain dictates that we will see house prices remain inflated on average AND high interest rates to boot. Boomers and residential property investors simply will not budge significantly on prices, even if it takes longer to sell. They've acoomulated enough over the last decade that they don't have to worry, they can just wait it out.

>>51451440

How can it be over for both sellers and buyers at the same time

>>51459698
After seeing people crash and burn in 2007, I had a budget of no payments over 23% of my gross salary. Also I knew not to trust my realtor too much. I did a lot of the work myself ( saw about 60 homes just to get a feel of what the areas had to offer) Once a 3br 2.5bh was available on my range. I waived the inspection and never saw the house. I went to 2 open houses on the same complex so I knew what to expect. I changed the floor to hardwood, kitchen, and master BH. After selling it I moved to the ghetto in. Then I got a feeling of what the market wants. So to add value u always have to upgrade the kitchen and the master bathroom. I also change all my properties to hardwood. Trash/dirty places only help me when I ask for a better price. Read books and youtube advice is great, but always do the work yourself.

>>51451440
And yet savings rates are only 0.01%, funny how that works.

>51462554
Also kitchen upgrades are expensive, around 40000, br 7000. On my first property I did all the work myself. Going forward I started hiring people. But a house with a close kitchen is not a good value. Unless u want to just rent it.

>>51455501
Low iq

>>51462484
Because sellers lose money and buyers are literally not allowed to buy/have all their wealth consumed by actual usury.

>>51455611
checked

>>51462595
lmao you must have a shit bank. I am getting 2% back on my emergency fund in my Ally account

>>51462622
the previous owners of our house had the kitchen redone as part of an insurance claim; probably a flood or some shit. I think it was intentional/fraud since the previous owners seemed like real idiots but who am I to judge; Kitchen is nice as hell, huge contributing factor to our buying, and only part of the house we've made no changes to. For it being a small house we can host thanksgiving and shit and have like 30 people over no problem.

>>51452922
You’d be surprised by how many people didn’t lock in. There have been articles popping up in my Robinhood feed recently about how screwed many homebuyers are between rising rates, mass layoffs and rising prices for everything else essentially.

>>51455493
>located in nigger central
no matter when you buy, where you buy is always going to be more important, try to forecast neighborhood demographics for the entirety of the loan

>>51455493
Looking at the 2008 crash, the housing market actually reached its low point 2 yesrs later. I'm personally saving up as much money and possible and will look for an entry in 2024

Why would I sell even after a massive crash? Rent for my home is 2000 a month, my mortage is 500 a month. Meanwhile I get tax breaks and build equity. Market bubble will not crash that hard, and if it does people will start scooping them up fast.

>>51454222
What is Reverse Repo for 500, Alex!

>>51457368
here

https://fred.stlouisfed.org/series/RRPONTSYD

>>51453527
WE ARE IN A BUBBLE

SHORT THE HOUSING MARKET

>>51463209
One of my places has niggers trickling into the neighborhood. Sure, they’re middle class niggers, but anyone can see the trend. I’m not selling anyway. But the days of heavy market valuation pressure are over. Now it’s a time period where property taxes will stop increasing. I’d be really pissed if I were somehow forced to sell in a few years, but not if it’s timed with a good entry point into stonks.

>>51451440
Uniquely 1st world problem.

Many such cases

>>51453470
Kek, the schizo was right

>>51456362
where is the deal in renting to niggers?

>>51456362
A NYC jew ended up rotting in a dumpster because of that same stunt you pull.

>>51456081
i always tell people and they often get offended by this.
realtors and bankers are not your friends, they're sales people. They will say and do whatever it takes for you to buy what they're selling.

>>51454492

>>51466195
also realtors are fucking stupid.
they don't have a view on macro.
they don't understand credit creation.
they got shit grades and became a realtor.
whatever they tell you isn't based on real understanding.

>>51463786
this "can't lose" mentality of the innumerate is why we are in a bubble.

>>51461480
nice. yeah, ya did good there.

I locked in a rate of 5.8% yesterday >:3

>>51455139
>banks need to maintain the reserve requirement (historically they can lend out 10x their reserves IIRC)
this is precisely why it no longer works the way you are describing
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
> As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.

51466195
If u listen to your real estate agent and mortgage brokers they will tell you of all the gimmicks and trickery they are working on the side, they are the ponzi scheme masters. I do not know how people trust them that much, is like believing a car salesman. But they have resources, just need to shut your mouth about ur dream house and ask questions. Side note, My boss really wanted me to try his realtor, I called her. She showed up on a porsche looking like a 10. Asked my contractor whats the deal with this no brain realtor showing her ass at construction sites, and he told me he worked with her before and she bags a lot of old men and contractors. Yeah pretty much an escort, but I bet she can bring the clients. If u get involved with that lady u will be in the shit just like the other 20 men trying to impress her. Be a duper no a dupee

>>51451556
Prices have been coming down in most places, some really hard some not so much. Each local market with have some unique factors.
>does it matter
Well yeah
>>51451721
What was your motivation for selling in the first place?
>>51451856
>I can't wait for the housing crash teehee
>what do you mean it's going to be just as expensive because interest rates are higher?
Do people genuinely not understand how this works? Unless you are coming in with a lot of cash you aren't saving any money. Yeah maybe you can re-fi down the line but you still have to make that nut every month until you do.
>>51452104
A lot of people fall back on the 'but they have a fixed rate mortgage sweatie' defense but fail to understand that they don't have a fixed income, meaning that if they get laid off they lose their ability to make payments.
>Ok but why would someone get laid off?
Because companies rely on constant growth and borrow money (debt) to fund that growth.
When money (debt) becomes more expensive it makes growth more challenging and slows it down. Long story short when growth is stagnant or negative you have to flip into defense mode which means hiring freezes, lay offs, dissolution. Businesses like consulting, and marketing are add on services for other businesses that actually produce something and I feel like those will be the first industries to get hit.
I was speaking to a woman the other day who works as a financial planner for a small marketing business and she was telling how payroll is met through debt. I told her that was pretty sketchy and asked if it was at least fixed rate rather than variable and she got really uncomfortable which tells me that it's variable which tells me that they're fucked and it also tells me there's probably a lot of other smaller-sized companies doing this same thing, just aggressively funding growth with debt because it worked for so long and not changing strategies once the rules of the game have changed.

>>51466602
>Do people genuinely not understand how this works?
it's far easier to pay off a small principle vs way higher one when at ZIRP
yes layoffs are coming to suppress labour power.
yes housing is going to be the price to pay.
yes the fed don't give a shit about housing vs labour power.

>>51452922
>unless there are mass layoffs coming
Anon, I..
.>>51454257
>be a renter
>0 down payment
>have a lower nut than if you had a mortgage
>0 maintenance cost
>0 property tax
>0 insurance
>Take the money you have used for a down payment on a house
>Put it in crypto
>get an ez 10x
>buy whatever house you want
gg no re

>>51461250
>not looking at demographic data
>buying in an area less than 95% white
ngmi

>>51466720
> get an ez 10x
down 50% in 6 months

>>51462706
That's not how it works. If nobody can afford a house but sellers still want to sell then prices come down, no matter what the terms of the loans are.

>>51462453
Sometimes people have to move. Also sometimes people get their house repossessed.

>>51453470
I fucking hate e-whores.

>>51455057
>if you ask for $X and someone buys it for that price,
>if
no one is buying at 7%

>>51461455
How would one argue that? Now I'm intrigued

>>51454887
This is the best i can give you from /pol/ before getting cucked in 2016.

>>51466602
>but i have fixed rate durr
Well the trick with this is don’t get unmanageable debt. I can pay my mortgage with a minimum wage job.

>>51466931
my bad, it's after 2016

>>51466825
this isn't how prices are set, the "law of max pain" is normally applied to the stock market and short/long positions.
prices will fall, they are set by available credit, that has fallen.
they are already falling due to this, proving it out.

>>51463786
>If price go down people will buy so price will go up again
Why do you retards keep saying this? Is it it not obvious that if this was the case nothing would ever drop in price??

>>51466962
sorry replied to the wrong post meant this one
>>51462706

>>51467002
it just shows the average IQ on biz.
this particular trope you point out is *so fucking stupid*. They also apply it to blackrock as though they are going to buy stuff that just dropped like a stone, after buying in high before.

>>51462706
Lol arguing that banks should provide a service for free is pretty rich coming from a landlord wannabe. If people could only buy houses through cash savings the value of housing with plummet like a rock.

>>51466774
Sorry this strategy requires you not be a complete n00b and hold all the way down
>>51466941
https://www.longtermtrends.net/home-price-median-annual-income-ratio/

>>51467065
I net 1200 euros a month. My debt+insurances+utilities is 350 euros a month.
If others choose to be in debt up to their eyeballs that is literally their problem.

>>51453470
Gamergate was just the first time there was a mass backlash against neomarxist subversion. No other industry had so many natural antimarxists as gaming.

>>51466947
Is it this hard for americans to understand? Spend %23 of you r gross and u will have money to invest and add value. If that happen to be in the ghetto, so be it. Is the same with college, I went to state school in the midwest because I had no money and got a scholarship, graduated with no debt. Nowadays, see old ass people getting post grad online degrees from top schools by putting 250k on a loan. Wtf, I am worth over 7 million and still drive a 7 year old kia. U rather have a new kitchen in your property that u could use to laverage the bank to buy more real estate or a shiny tesla. This is too easy

>>51460017
Name one place where whites want to live with niggers

>>51467150
New York City

>>51467065
>Sorry this strategy requires you not be a complete n00b and hold all the way down
it made 3 big drops, anyone could have gotten swept up in at least one 16% drop.

>>51467175
Literally everybody is leaving that shithole. I get that gentrification is a thing but there’s no way wealthy people move in to gang hoods, they just go after better black majority areas with black boomers

>>51451750
Funny because Powell gave a speech about forcefully using their tools to balance supply and demand and bring inflation down to the 2%. And yet, look. Kek

>>51467336
jesus christ, that's dumb.
it takes time to feed through.

you couldn't pay me to live with niggers especially in a predominately black neighborhood. i have seen first hand how they destroy neighborhoods. these were strong white working middle class neighborhoods that increasingly became crime ridden nigger cesspools when section 8 housing became available. all in a matter of 20 years.

>>51459933
checked, and, there is no response to this post in this thread because there is no answer.
builders and investors aren't overextended. there's no crash coming. sellers will just leave and come back in a couple years. homeowners will not stop paying their mortgages. there are fewer ARMs than during the GFC and few if any flippers who are stuck needing to either refi or foreclose.
no happening.

>>51454492
Fuck off nigger. Gamer gays shit all over pol and false flagged joot selling 4chan to gawker and tricked polocks into leaving for cripplekike chan then spent months raiding pretending to be an influx of leftists from the sale of the site to gawker. All to trick pollocks into leaving and going to their faggot chan. You're why poor has IDs. They was so much shilling and same fagging it was unreal. I hope you gamers gays fucking die.

>>51454654
2.7% here I really want to sell for an upgrade. Cannot at all afford the increased rates and prices. Wtf do I do? Pay a contractor $100k for another bedroom?

>>51459933
>Most people aren't selling because they need the money
Do you live under a rock retard? You think most people are buying these homes to LIVE in??

So when is the best time to buy now?

>>51451440
My zestimate is up $100k from February.

>>51467471
The thing is everyone decided to a become landlord. And they need to receive certain levels of rents.
With layoffs and a downturn in the economy people won’t afford those rents and either quit paying or damage the property. And then landlords won’t be able to pay and will be foreclosed on.

>>51467098
You live in Eastern Europe. Typically these threads are about the North American housing markets

>>51467837
I live in Western Europe my friend. Currently considering going north to Ireland and starting over. Not sure what I’m gonna do yet. But North American markets are fucked beyond belief because now it’s not concentrated on major cities because everyone who could during covid decided it would be a good idea to move out to bfe and they overpaid for shit property out in the boonies that they have no buyer for. Specially not at what they paid for. So you have negative equity distributed all over the nation. Shits going to get rough in the usa

>>51467965
Did they flood Northern Ireland with niggers and Pakis yet?

>>51451440
anyone who takes 30 years to pay of their mortgage is NGMI.

>>51467666
Job layoffs will be what starts the crash. High interest rates on high price homes is causing a small crash in home prices. Buying power has decreased by something like 10-20% to match home price decreasing by 10-20%. However renting prices are sky high and only getting higher.

Once the lay-offs happen and people can't afford rent/mortgage that is when the real crash begins.

>>51467546
You sit tight in your low cost (or paid off) house and deal with it.
Your great-great-grandparents raise 13 kids in a 2 bedroom log cabin with an outhouse. You'll be fine.

>>51468099
Aren't companies already doing mass layoffs?

>>51468011
Funny story. I got lost in Belfast looking for my hotel. Walked in it and they say “this is for refugees only”
So I guess the answer is yes.

>>51467336
It eventually will work out but not overnight. At this rate even Latin Americans are opting for stablecoins over fiat

>>51455454
>dump on Gen Alpha to enjoy ur retirement.

>consooming your children's inheritance
NGMI

>>51467390
That is true but raising rates proves otherwise, retard

>>51468150
Because they are. USDT, USDC, BUSD are a safe haven right now

>>51468036
Why the fuck would I bust my ass to pay off my mortgage early when the same dollars will be worth less in the future?

>>51468264
You cant just hold stables and expect a good return, newfag

>>51468264
> takes time to feed through
raising rates *has* led to price drops and more will come

>>51457287
>People
>Black rock/vanguard

I wonder how... We tolerate these companies employing humans that are treasonous and guilty of crimes against humanity?

>>51468099
yes for a crash it requires forced sellers which requires layoffs.
luckily jerome is hell bent on crushing labour bargaining power, which requires forcing the number of jobs down.

>>51468375
I didn't say just hold them. Everyone has a mind of their fucking own. Stake them if you feel the need to

>>51468383
I see

>>51468364
>he would rather world 30 years instead of 15

Kys Retard

>>51451440
Uh oh bobros... We might be right

>>51468411
careful there, a lot of hacks and exploits. Curve Fi, Binance doesnt support USDC, Celsius.

>>51468406
Seeing a lot of mixed feelings for Powell, kek.

>>51468461
Middlewares are less risky and more diverse. Spool Fi, or BEarn Fi.

>>51468486
If you absolutely must, stick to the audited ones then. Dont fuck up using a single yield generator. I think the former is, not sure about the latter.

>>51455166
People bought based on their ability to afford a short term teaser rate then. They hopefully have fixed rates now.

Unironically a good thing. White collar $100k+ workers will continue to buy homes in desirable areas. Black and other poors will be stuck renting in the ghetto. The safety and security of my ruralish town has been bolstered.

>>51468406
It is funny seeing people complain about housing prices without knowing what actually drives housing prices. It's a monkey paw situation where housing prices will go down, but the only winners will be the already wealthy who can weather the coming lay-offs (due to savings or otherwise). Housing prices will go down, but their affordability will not.

>>51453562
nice

>>51467666
This. We need to track the largest percentage owners of rentable properties and damage their property until they realize a war isn't worth it and sell... If they are a large company, they will sell alot for the area.

>>51468119
Why can't I legally do a log house and outhouse? I'd happily raise 13 kids

>>51469324
Most rented property is in the city. If landlords didn't exist, than most people would no longer be able to live in the city. There is a reason rural areas do not see nearly as much of their real estate as rental property.

Renting would not be profitable if people did not want to live in the city or big towns. Landlords are just capitalizing on lazy individuals who want the comfort of the city and the lack of responsibility that comes with renting.

>>51461403
I did this too. Perfect house, but its not the huge house my wife wants. God help me

>>51454603
My name is Boxxy.

>>51469410
>If landlords didn't exist, than most people would no longer be able to live in the city.
they will eat the houses and destroy the land beneath!

>>51469385
Rightist slumlords want you to rent

>>51454574
jesus wtf just happened to 11 years of my life
>t. 2011 newfag

>>51468406
If u have property on an area that has never seen over 6% unemployment in 40 years and only rent to people with over 750 credit score u have very good chances nothing will happen

>>51462554
>. I also change all my properties to hardwood
why? actual hardwood, or engineered or laminate?

>>51452922
This. Locked in at 3.25 and living in a palace in mid Missouri. Life is comfy and the chans keep me entertained

>>51468123
Seems like mostly freezes and some layoffs in select fields but the 08 level of layoffs and business closures hasn't started, not saying it necessarily has to either but it certainly could.

>>51468898
>Drooling retards with 100k cc and student loan debt and 5 plus subscriptions a month won't be able to afford a house even if prices go down!
Literally who gives a shit

>>51452922
How many will keep their mortgages when they get used down?

>>51455579
i'm just a dumb zoomer but i'm well aware that most people are like this. how do i take advantage of that?

>1st place:
XMP/jJhN with 14 posts:
>>51457813 >>51457835 >>51466339 >>51466361 >>51466706 >>51466774 >>51466962 >>51467004 >>51467028 >>51467200 >>51467390 >>51468383 >>51468406 >>51469530

>2nd place:
dSuSTNqq with 11 posts:
>>51455579 >>51457568 >>51458477 >>51466195 >>51466941 >>51467056 >>51467098 >>51467175 >>51467666 >>51467965 >>51468148

>3rd place:
qye7GKBl with 8 posts:
>>51453648 >>51455166 >>51457301 >>51466927 >>51467002 >>51467559 >>51468364 >>51470587

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>>51469469
does your wife work? if she wants a larger house she can pay the mortgage and do the landscaping lmao

>>51467200
>be up 900%
>lose 16%
Seems like an elite tier trade to me.

>>51455071
It's all so quaint now.

>>51467230
Gentrification is just whites reclaiming neighborhoods that used to be their own before the 1950's and 60's.

>>51471019
Thanks Sir. I shall cherish this medal as a token of the time I told a landlord he was going to get killed by a nigger while checking the air ducts.

>>51451556
Horseshit. I lowered the price of my condo by 10% and there are still no takers

>>51471109
that's not the story for the majority and in general btc is a zero sum game so for the population at large it's a shit idea

>>51467666
https://seekingalpha.com/news/3883490-us-homebuyers-buy-the-dip-as-prices-cool-in-august-vs-july-report-shows
>August's median sales price was $410K, down 2.4% from the prior month but up 7% year-over-year, according to Re/Max's report, which surveyed 51 U.S. metro areas. For inventory, months' supply slipped to 1.6 from 1.7 in July, though increased from 1.2 a year before.
wow weird even with out collecting "a certain level of rents" there's still more "landlords" coming to the table
i love seeing faggot ass reddit "the thing is" prefixes, it immediately tells me you have no idea what you're talking about

>>51451721
>now I am going to wait it out to see if interest rates will start declining
This is what hoomers actually believe
100 BP THIS MONTH
10% EOY

tick tock, baggies

>>51471109
>the average person gets average results
Thanks, didn't know that

>>51473416
>>51474367
Meant to reply to (You)

>>51470071
>>51470071
Engineered, raises the rent and is easy to say no to pet. I do not rent to people with pets. Paint the ceiling white and the wall light grey/silver. Retouch the boards, install fake recesses light. All u need to convince is the lady.

This gets interesting when real estate as an investment becomes less profitable than putting your money into a commercial bank. This point is quickly approaching. And this is based on the simplest possible numbers while in reality real estate is a deteriorating asset by nature. Of course your savings account isn't 100% safe either. Anyway this apparently is an event that might be considers as a major flippening in the boomer world

NO
BIG
DEAL

>>51451440
Everything is cyclical. The subprime 100% financing no doc nigger loans are gonna make their way back into the economy

>>51455611
Those places aren't well built either. They might meet regulations but corners are cut everywhere else for profit. Wouldn't be surprised if a few of those shitboxes fall apart in the next decade or two.

>>51474820
Boomer flippening is a great way of thinking about it. It will profoundly change Western nations if money pulls out of property en masse

>>51474367
the average result is *nothing*
that's the bit that makes "investing" in bitcoin shit
you're a rentier and you see yourself as a smart arse who can leech off the plebs

>>51453721
>buy house at lowered price due to very high rates
>refinance when rates drop
>now you have a lowered price and low rates
Wow that was hard.

>he thought it was gonna last forever

>>51475344
see also
> buy a house for 200k instead of 300k
> same mortgage payment and I save 20k salary a year
> pay off house faster as lower principal
biz posters claiming lower prices are not helping b/c the mortgage payment is the same are tards

>>51475272
Ok and?

>>51451556
Housing takes forever to crash.
It's not like your fucking LINK or whatever 1's and 0's on a hard drive you have convinced yourself are worth something.

People are reluctant to sell if they can't get what they think their property is worth.
So they just sit on it.
Then a year passes.
And the market is even shittier.
So they sit on it for another year.
And the market gets even worse.
But they've run out of savings, and they lost their job because they were replaced by a robot.
So finally, they capitulate, and they sell for $250k less than they could have got if they just took the best offer 2 years ago, before everything went to shit.

>>51475485
and all rentier leeches whether landlords, bitcoin zero sum game fuckers or IP squatters are dicks
Fantastic to see bitcoin in the gutter, hope it drops more.

>>51475570
economic cycles are becoming more compressed as leverage goes up in the system and as technology enables the propagation of signals (bad in this case) more rapidly.
I think this drop will play out faster.
Also the fed are raising fast vs prior times and into a recession.

>>51475607
>economic cycles are becoming more compressed as leverage goes up in the system
Yeah anon, you are definitely right on that point.
Most people are familiar with the concept of the 'boom-bust' cycle.
When the FED was implemented those cycles were what? A decade?
Now…

>2019: Boom
>2020: Bust
>2021: Boom
>2022: Bust
>2023: ?

At this rate, by 2025 we will have a great depression on wednesday morning, and by friday the gov will have handed out so much stimmies that the market hits an all time high.

>Queen dies at 97

Is this the implosion signal? The beginning of the end for boomer finances?

>>51475224
It's an interesting dynamic for sure. In Europe it's even more likely to happen because of old demographics and the changes in certain kind of lifestyle preferences. In many countries the richer part of the original population has started moving out of the big cities. Combine that with deteriorating buildings and things will get interesting. Many European countries are pretty socialist and only about top ten percent are economic net contributors. If a large part of this population, of whom many are remote workers and/or investors, move to the country side it will be difficult to make them pay for the deteriorating infrastructure in a city where there's no real estate business and no original population.

This is my thesis of the Great European Boomer Flippening. I believe many trends point to this happening

>>51468728
Fuck you I am an engineer and cannot afford a house with 100k savings and no debt. I have a read family and we are living in the ghetto in an apartment. Piece of shit, “I’m so glad other people don’t have the same opportunity I did to have a house! Even better for me and my net worth whoopee!” From the bottom of my soul, FUCK YOU.

>>51453470
Why do people always forget about Anita?

>>51452922
locked in 2%, 15 year... comfy besides the fact that my area is being swarmed by niggers and mexocans at an alarming rate

>>51467484
???
Unironically take your meds

>>51476720
>my area is being swarmed by niggers and mexocans at an alarming rate
you're fucked, that's a death sentence for property

>>51475589
I’ve been all cash since January. I hope it drops more too. Stay salty about it though

>>51474820
I sold a home 100 years old for 500k profit. Also easily tranferable to kids. This never ends.

>>51477054
oh I will. Final point just before we go: fuck rentiers

>>51476720
So even with a low interest rate you've dedicated yourself to overpaying for a property that's going to crash in value irrespective of what rates do?

>>51455611
Checked, based and modern architecture is an abomination pilled.

>>51468898
This is what I've been saying. There's no winning when you're trying to afford a home. When prices go up, you're fucked because shit is too expensive. When prices go down, you're still fucked because mortgage rates shoot up and you still end up paying more anyway. There's no winning.

>>51477294
See you tomorrow

>>51451721
cope. I guess this is what happens when hooomers learn prices don't always go up.

>>51466339
Imagine not making 2.5%-3% of the sales price every time someone decides they want to sell their house. Dumbass

>>51457287
>a wild poor appears