/biz/ - Business & Finance

>>54449043
>0.16%

>>54449066
>up isn't up because uh... BECAUSE ITS NOT
seething

>muh house price
Who?

>8 months down
>1 month slightly up

ok boomer

>>54450328
>house prices have been dropping for the past 8 months
Stop lying rentoid.

>>54450535
completely organic perfectly flat line

>>54449066
>>54449108
>when seasonally adjusted
It’s literally not up though lmao. This is a piece put out by real estate agencies trying to convince illiterate Mexicans that the bottom is in

>>54449043
you seem pretty upset and worked up about it, kek

I'm about to sell/buy my second home and houses right now are moving fucking fast bros. At least in bong land.

>>54449043
>+0.16%
OOOOOOOOOOOOOOOOOOOH

>Seasonally adjusted
Fuckin a taking stats was such a blackpill.

>>54449108
>destroying your entire country just to pump your bags 0.16%
This is why people hate America.

>>54449043
People see the writing on the walls. The home prices are not dropping hard enough while rates increase bringing the monthly higher and higher. Buyers are capitulating. The other issue is that inventory is still historically low.
Rentoids are forever priced out. Eviction notices in 5 days, wagie.

>>54449043
The world population increases exponentially. The houses are limited. What kind of extreme mental retardation makes you think houses are going to crash?

>>54450880
Moving fast up or down?

doesn't this happen every spring
I'm pretty sure winter is simply the worst time for home sales

>>54449043
>tenths of a percent gain
>"when seasonally adjusted"
sounds like cope

>>54449043
Havnt you heard? The dollar is finished. Houses are free now

you don't need shelter when you have a force field. a plasmid-electric barrier which can be tuned to block light from escaping and regulate temperature so you have privacy and protection from the elements in a simple handheld device called the housing bubble. in the future everything will be force fields. if you don't like it you can turn off all your force fields and go live fieldless in the woods but you won't.

my zestim-ACK!

>>54451061
>If you don't rent the country is destroyed
Rentoids everyone

>>54449043
Ah,, take your old shitboxes and run them up to a million dollars per square foot. I don't care. I'll just rent a beach house in Thailand while you watch over your old shitboxes.

>>54451713
Ḩ̴̻͖̪̜̙͖͚̿͆̌̾͐͆̈́̋̒͗͌̂̈́͒́̚Ò̸̢͎͇͗͗͛̓̿̑̃̈̉̚͘͝͝ͅN̵̢̠̤͔͙̬̤͕̠̐̃̏͛̚E̸̛̖̥͋̈́̈́͂͐̿́̆̈̄́̕̕͝Ỳ̸̢̢͙́̈́̽̈͊̔̆̍͗͊̓̚͝
̴̧̢̞̯͑̐̉̈́̉̂̐̍̍̈́̈́͗̄̍́͘C̵̡̨̼̘͇͎̼͙̼͇͚̥͍̾͆̀̐Ḧ̷͍͔̟̘̞̫͎͕̺̳́͘E̶̱͚̭̤͔̼͇̫̰͐́̐̈́̉͂̈́̿́̊̕͜͝Ĉ̵͖͖̙͍͔̰̪͔̹̭̻̩̬̣̫̂͑̎̚Ķ̷̛̻͚̱̪͕̹̼̱̓̋̈́̔̽͊́̏̓ͅ ̴̛̞̹̼̺̩̿̄͊̔̆̒̏̊̾̃͛̚T̸͍̣̟̭̼̪̆̏̈́̽͌̃H̶̳͉͋͆̓͋Ę̵̧̡͕̹̣͖̰͖̐̈͆̄̔̓̐̒̇͋̚͝ ̴̠͚͌͑̚Ẕ̴̨̧̢̡̳͚̖̼̯̰̼͔̜̜̀̏̃̆Ẹ̶̛̹͇̩̔̀̀̒̌̎͛̉͘͝Ṩ̵̡̳͇̝̻͚͂T̴̨̨̛͓̫̮̼̠͓̭̟͂͜I̴̺̱͉͈͚̜͘M̵̛̛̛̮̬͕͕̬̘̺̼̼̰̓̃͑̑̂̆͗̋͒̏͝ͅÁ̶̱̬̞͖́ͅT̴̡̖͇̣̜̣͔͔̭͈̺̜̙̪͔́̐́̀̾̀̊̔͝ͅË̵̡͎̣̝́̈́̌̽͒̋̈̇͑̽̀̈́̏̐̕̕͠ ̵̺͚͉̘̼͍̳̹̘́̇́̏͂̾͠ͅA̶̻͔̳̜͍̭̟̗̝̭̽ͅA̵̢̛̳̮̘̞̬͉̰̞̻͕̼̤̭̺̒͊̓̌̿̂̀̈́̈́̉̀̾̉͘͜͝Ǟ̶̫̻̹͓̫̹̦͚͍̹̘̝̣̟͕̱̿̀̒͐̎̉̔̒͂̇̄̋̚̚̚͜A̴̡̛͓̦̪͚̎̀̔̍͗̈́̈́̕͜Á̸̛̮̤̭̄̓͒͛̿͝Ą̵̡̧͇̯̫̼͔̰̓͛̉̿͛̔̒̃̂̂̒̔͘͝!̸̆̇͑͝ͅA̵̧̢͚͍̣̞̪̺̤͉͔̳̳̬̽̆̌̀͗̉͐͊̍͂̈̚͜͜͠͝À̸̧͙̗̦̮̱͙̹̘̻̮̘̭̠̖̭̌͐̀͝A̸̩̗̤͓͙̙͓̪̘͋̽̇͠A̶̯̥͚̟͙͉̋̏Á̷̛̪̟͐̔̓̉́̈́̎͗̿A̶̻̽̀͌̀͗̎̈̾̔͌̊̒̈́́͘͠Ä̷͍́

>>54451785
>If I keep posting Stacy memes it will help me cope with rising rents

trees genetically engineered to grow rapidly into housing within weeks. complete with rooms and doors and windows of a transparent chitin derived from insect dna. simply plant a housing seed in fertile soil and spray it with the nanotech fertilizers.

>>54451802
>yfw

>>54451864
>Bought a home last year at 4% apr
>Paid 350k
>Currently valued at 402
>Paid down to 270k on the principle
>Going to recast in a few months
>Got married
>My wife has a house as well
>Bought at 300k
>Valued at about 450k
Yeah I sure am seething.

a swarm of autonomous drones deconstructing the asteroid belt to assemble a rotating ring of apartments orbiting the earth. all the poor people will be shoved into the ring and only the wealthiest dogcoin investors will walk the earth and touch the grass.

>>54449066

>>54450535
>posts a quarterly number last updated for Q4-22
good evening, retard.

>>54450535
>>54452043

no worries about land prices once we have everyone living in the sky in their own personal airship homes. computer controlled microfusion powered ionic propulsion fins can safely anchor your pressurized home at any altitude.

>>54449043
The fact that some many "professionals" and investors are so eager for good news tells me they're dangerously over leveraged. It means if prices do start going back up they'll just go deeper into debt.

>>54452095
>my rentoids think i'm going to pay to maintain their microfusion reactor
think again rentpig, should have bought airspace years ago

>>54452058
Woah. Wtf happened back in 2020?

>>54449043
none of that is true

>>54452374
Money printer bailed everyone out. We were going into a recession if they didn't do it.

>>54452143

I'm waiting for places like offpad and opendoor to ACK and unload. They aren't selling shit.

>>54452478
I find it interesting that no one is paying attention to commercial real-estate. Swaths of land and big buildings may go on fire sale soon. Most of these Commercial Real Estate loans are supposed to mature in 2023 too. These are all variable rate loans and occupancy is down and corps are laying people off.

>>54452594

I've just been watching opendoor in particular and their projected revenue vs the total home sales aren't lining up. Home sales are falling off a fucking cliff.

>>54452612
it's funnier if you look at longer term data.
https://tradingeconomics.com/united-states/existing-home-sales

>>54449043
this will be the high for the year you dumb retard. It's peak buying season as people get ready to move over the summer. We've already had more layoffs this year than 21/22 combined, the ride never ends and it just got started

>>54452642

Prices have to come down to meet buying demand and they will eventually. The X factor is how long and severe the recession becomes. If the commercial investors capitulate and dump inventory combined with normies getting foreclosed on it will be a shitshow.

Savings rates are down and credit card usage is up showing that at least a portion of the population is using credit cards to pay bills.

>>54452778
>Home values supposedly down
>Interest rates highest it's been in decades
>Low buy rates
>People will sell their homes for some reason
Why would anyone sell when buying a new home is basically impossible unless you have more equity in your current then your new? The only people selling own multiple properties and good luck to them finding a buyer that isn't also all cash. Housing will crab until rates drop.

>>54452843

Correct we're looking at a dead market in the short term as people would have to be insane to sell only to get stupid high interest rates and prices for a monthly payment that is 3X what it was a few years ago.

Prices have to come down to meet buyer demand, people have to make more money, or the entire market has to shit itself and correct. Until any of those happen it's a dead market.

>>54452956
I don't think prices necessarily need to come down. We just need lower fed rates.

>>54452994
>We just need lower fed rates.
Yeah, lets just print more money. That will be a lasting fix.

>>54453076
Not at all what I said. The Fed isn't going to pivot for a couple of years until we're back at 2% annualized. When that happens, rates will come down and then housing goes back to. Until then, rent is due on the first of the month.

>>54452994

I'm considering the possibility that rates stay high for years. There's no guarantee of a fed pivot.

>>54453118
Same. See
>>54453102

>>54453144

Will places like Opendoor and people who leveraged to the tits in the bubble survive that long?

>+0.16%
The cope intensifies. Tick tock baggies

>>54452994
anon homes prices have almost doubled since 2020 thats awful, and they only way homes we're buyable in 20-21 were because of low interest rates

>>54451451
You're more than right. I'm getting evicted from my apartment, and I don't qualify for another apartment anywhere near me. You need to pass a credit check to get a small apartment around here. Life sucks for the poor.

(Luckily their are other states not just richfagland)

>>54453231
BUT ANON - SIXTEEN TENTHS!!!! SIXTEEN!!!!

>>54453194
There's an ever growing amount of rentoids that legit think the crash is any day now. Yes, they'll be fine.

>>54453256
Inflation is 8% officially. Just get better wages.

>>54453294
employers are lowering wages rn what reality are you living in

>>54453333
I got a raise. Works on my machine.

>>54453102
>Until then, rent is due on the first of the month.
Not in California.

>>54453289

So the biggest bubble in human history keeps going up?

>>54452843
>Why would anyone sell when buying a new home is basically impossible unless you have more equity in your current then your new?
Losing their job or being forced to move for work. Both are foreseeably going to happen en masse.

>>54453859

There's a new wave of layoffs every week.

>>54449043
>Deadcat bounce
House prices are going to zero in 8 months so check em'

>>54453333
quads of wrongness
everyone on my team got 7-10% raises in january
even the lowest paid IT wagie is now making 79k

>>54452026
>posted at the absolute bottom

Lmao kys

>>54453945
Last 2 digits decide percentage drop by october

>>54449066
IT's over though, the economy's not going to crash, stocks are going to keep going up and home prices will never hit past lowes

>>54453959
did you get one of those raises each year since 2020? Actual inflation since 2020 is closer to 20% hombre

>>54453802
Yes

>>54454038
20%? It's more than that mucacho

>>54453959
Oh shit a whole $79k?!? With 2 or 3 of those incomes you could almost afford a studio goypod!

>>54451895
this thought I bought earlier for cheaper with no wife

>>54449043
>rentoids priced out forever

Rentoids are the ones who raise the price by being able to buy. Anon, I…

Buying my first house soon. Feels good lads

>>54454456
At these rates? I hope you're buying cash.

>>54453983
Aye I'll roll to that

>>54454442
Biz doesn't know how prices are set

>>54449043
A bubble is a bubble anon, eventually it must pop.

>>54452594
I work for a company that has eleven massive office buildings in metropolitan cities we operate in. Every single one of them we're locked into a 5-10 year contract for the space and middle managers are gunning for return to office despite our record profits and productivity. I'm the only one in these meetings saying let's rip the bandage off, use these spaces for storage exclusively and continue fully remote.

I might lose that battle but there is not a single person there wishing to operate within a commercial space once those leases are up.

>>54454456
Housing didn't hit ATL until 2011-2012, 4 years after the bubble officially popped.

>>54450328
You hate him because he tells the truth.

>>54450328
>Dave Ramsey
I take great pleasure in the thought of Dave Ramsey getting raped by the devil for all eternity. Boomers are evil incarnate.

>>54455693
>real estate market crabs in your path while sales stabilize to post boom normality
There is no bubble anon. These prices are the new normal. There is no point in waiting for you le epic crash pipe dream. Its not happening.

>>54455875
Take your meds.

>>54456074
>it's not a bubble
Cope desu. The economy is built on ephemeral things that don't provide a good foundation. Mega depression will happen eventually, I'm young enough to stay comfy living with my parents while I wait, making money and buying PMs. I live in Canada so when the bubble pops, it's likely to wipe out a lot of our economy because of how proportionally significant it is.

>>54451475
>The world population increases exponentially.
that's not true anymore boomer

>>54451475
Explain and justify the lack of housing development in a country that's overwhelmingly unsettled. Drive 20 minutes from the center of pretty much any city and it's barren.

>>54452374
>>54452445 and also the fact that a lot of people decided to move out of their place and away from cities at whatever cost. they will probably pay the real cost now...

>>54454456
Same. Looking forward to closing on the 15th. If you ain't buying now, you ain't buying for another 5 years.

>>54457037
Stolen from Reddit
Now you'll get less than the shack at top dollar
enjoy anon

>>54457064
Cheers mate, going to enjoy my 2600sqft shack regardless of the fact it listed 33% less 7y ago

>>54457087
doubt.jpg unless it's infested with mold and a cracked foundation. I'm observing markets all over the country and unless you're living in the middle of nowhere, I don't see it happening anywhere I look at.

>>54449043
Lol good. Accelerate. Make the entire united states homeless. Only the top 10% can have a roof over their head lmfao. Go to war everywhere, and fund all wars with property taxes. Double (wait, no) TRIPLE down on property taxes. Lmao anyone who isnt debt maxxing to buy XRP right now is a fucking idiot. Short the fuck out of the United States asap. Im not a financial advisor, but this is the best financial advice youre going to get anywhere. Dont hitch your wagon to a dying horse

>>54457093
Nope, actually great condition. Home inspection came back with the most egregious complaints being a missing gfci outlet & a loose toilet. Sellers were "motivated" by moving out of state.

I guess only a few million people can tolerate living in the KC metro, so you can consider it the middle of nowhere, but I don't mind it. I just fly over to Denver or San Diego when I want something fun. Cheers, though.

>>54457100
>KC Metro
Actually nice but that's 2.3 million people. I haven't visited but everywhere I have that has similar numbers struggles with overpopulation and you're one migration crisis away from your comfortable city being overwhelmed and quite miserable to live in while the city tries to catch up. Look at Boise. Look at Austin. Look at Phoenix. Best of luck, genuinely.

>>54452994
>just hyperinflate so I'm not underwater on my mortgage anymore
Why are mortgage slaves so entitled?

>>54451475
So there isn’t an incel problem or fertility problem? World population will be decreasing once boomers die off. There goes your Zillow estimate once they do in another 5-10 years.

I would honestly rather rent for the rest of my life than go half a million in debt for some shitbox house built in the 1930s. It’s just not a good deal anymore, even if I can technically afford it.

>>54456215
>grown adult
>lives with parents
>delusional
>likely social outcast
>doom posts life away on 4chan
Sad. Many such cases.

>>54457302
>spends time screeching about desire for a housing crash so they can take advantage of their countrymen
>berates persons for building wealth through hard work and wise invesrment
>calls others entitled because???
Rentoids are the worst scum of the earth.

>>54457341
>so much hatred and rage
Who hurt you anon?

>>54449043
Okay but if everyone is priced out how do you profit? Doesn't that mean your uncle Sam rent just goes up? Wouldn't you want prices to go down like people aren't happy about gas going up. I feel like this is the most Jewish scam ever

>>54450843
"
>>54451475
Not all can afford a house so apartments
it is

>>54449043
Seething realtor who finally accepted the deflation to come. The guy who invented the Case-Schiller index said to wait to buy. Blackstone's BREIT had to cap redemptions for the third month in a row in March 670 million cashed out. CMBX-15 will eat your lunch if you let it..

>>54451475
Population is going down boomer

>>54457467
>half a million in debt
it's far worse than that when you consider that a 30 year loan at 7% yields interest repayments that are more than the principal balance.

of course understanding this is far beyond the mental capabilities of the average plywood box dweller.

I own property in Newport Beach overlooking the Pacific. You think it's going to crash?

Home owner here. Houses have been selling fast with like 10+ people trying to outbid each other for the house since 2020. Hasn't changed. Low supply = increasing price. Anyone who tells you housing prices will drop is probably trying to prevent others from investing in real estate.

>>54459384

For the median home at 7% you pay over a million dollars over the course of the loan.

>>54459303
>I feel like running my uniformed mouth.
You are a retarded child still living under your parent's roof. Good luck getting your life sorted out.

>>54459370
Oh look its another seething priced out renter grasping at straws attempting to cope with their sad life. Why are you like this?

>>54459384
>rentoid projects onto others a lack of finacial understanding of investment
Your landlord appreciates your willingness to cover their investment costs. Keep paying the rent instead of investing the money yourself. Surely your wise choice will out pay home owner gains.

>>54459384
>Taking 30 years to pay down
I got a 30 year fixed rate but I'll likely pay it down in 5. I just like the security of knowing if anything happens I can always make my payments even on a mcwagie salary.

>>54459303
I profit by having a place to live in that only gets cheaper with time making payments and with inflation making the tax trivial.

>>54461704
that's not how it works unless your property taxes are also fixed. what do you think is going to happen in a hyperinflationary environment? when your property taxes are the original price of the house per year and you can't get a job?

>>54460365
i work remotely and make $140k a year. in all likelihood i could outright buy whatever triple digit square foot, midwestern plywood box you live in. cope and seethe.

>>54453802
Woah wtf happened in 2020

>>54461898
>poorfag copes by lying on the internet
HAHAHAHAHA!

>>54461889
Property taxes are based on 40% of the property value. On top of that I get a homestead exemption. The taxes are trivial in comparison to the mortgage which is also decreasing.
You're also forgetting the fact that property tax increases increase rent cost. Or do you think your landlord just eats that cost? My home is in a popular area in my city. I'll likely rent my place out in a couple of years to some dumb rentoid for several times my monthly mortgage payment if I'm not already paid off. Taxes are not a concern.

>>54449043
I bought my house in 2016 and refied in 2020 for 2.25%, I literally beat the jews.

>>54461898
And yet you throw money into the rent hole and missed the lowest interest rates will ever be in your lifetime. Sad.

>>54459303
This. What the fuck is the point of having an industry no one can afford to use? Like the medical industry. They made it unaffordable for the vast majority of Americans so they come up with insurance and medicaid and bla bla bla as a fucking pyramid scheme for boomers to hoard the medical industry all the themselves. Its all older fucks who only care about themselves that destroyed this country.

>>54462118
>he thinks $140k is a lot
ask me how i know you're a broke flyover nigger.

>>54462761
>What's the point
Homes are to be lived in, not to be profited off of. At least that's how it would be ideally. However boomers took up the practice of buying multiple homes when money was free and they were in their peak earning years. The result is constrained supply in a time when money is more expensive than ever. The goal should have been to snatch up a home that you can live in. You missed that and now you're going to live in ze pod and eat ze bugs.
The new point is that if you have nothing you're going to be happy renting forever. Try to understand.

>>54462617
3 years ago i was making $70k. not nearly enough to buy a house.

>>54462812
The greatest sin of all. Being born too late
>Be 10 years ago
>My mom's neighbor gets institutionalized as senile by her fuck off children (she's fine)
>Put the home up for sale for 100k
>3 bed, 2 bath, basement they rent to a tenant, huge yard
>They offer me to buy it
>Too early in my career to have the down payment
>Banks refuse me the loan
>Cunt daughter decides to move in instead
>(((Allegedly))) poisons her husband and vanishes
>Sells the home to a Guatemalan family
>They work construction and revamped the fuck out of the house
>Now worth over 300k despite the neighborhood having gone to shit on account of all the Mexicans
Yeah. Moral of the story is be born sooner next time, champ.

>>54462812
>3 years ago i was making $70k. not nearly enough to buy a *mansion
fify
Starter homes were under $100k 3 years ago. No excuse for not buying. Oh well. Your loss.

>>54461889
>whataboutism
cope
seethe
mald
you will never be a home owner

>>54463891
>Starter homes were under $100k 3 years ago
what kind of festering opioid-addicted midwestern shithole do you live in for that to be even remotely true?

>>54451475
>The world population increases exponentially.
Aha, it appears I've gone all the way back to 1960

> They can't keep getting away with it.
Sorry sweetie.

>>54465037
He's not wrong. The world's population is still growing and we're doing our best to import them into the first world. Those people buy up all of the low income housing forcing the middle and lower class into higher cost home.

>>54451895
She’s going to divorce rape you like she did her ex husband. Force a sale on yours and take all of your equity.

>>54449043
Cope. Faggot.

>>54466800
>Ex husband
Imagine being that cucked. No woman has ever broken up with me because I've got a huge cock. Maybe if your dick wasn't small, you wouldn't fear women.

>>54466809
>rentoid projecting their despair
What is there to cope with as a comfy home owner with low fixed monthly cost of living? Oh yah. That's right. Nothing. Nothing at all. feels_good.jpg

>>54458460
>>grown adult
I'm 19 and in uni debt free you nigger.

>>54456477
yes rural folks were smart enough to create zoning laws to keep niggers out.

>>54467489
n-word used

>>54467726
>Zoning laws
>Effective
They're not. Ask LA how that's working.

>>54461704
With a huge upfront cost and front loaded interest. If you aren't growing food who cares? I can make a bigger profit with a roommate and investing that money anywhere else. Like I bought a car with profit, can someone do that with their house? I don't get it, it only makes you money if you don't need it and you always need it

>>54468187
It makes me money by never going up in cost. My first apartment out of college 10 years ago was $1200 a month. That same place is now $2000 a month. The last apartment I rented was also that much. My mortgage is $1600 a month and dropping. That's another $400 I get to invest. My wife's house has a huge backyard that we grow food in. Our two properties combined have a value of nearly a million dollars. I'll probably rent my place out eventually for about $3000 a month pocketing an extra $1500 a month off some rentoid that missed the boat. With that money my wife and I will pay off the second house and both of our incomes will be pure investment capital. Renting is a bottomless pit.
>Muh roommate
Going to assume you're young. When you get to a certain age having others live with you besides a spouse becomes really annoying. That being said, if we really wanted to, we could rent out our basement for $1500 easily. Not gonna though.
Home are a store of value that reduce your overall cost of living. It's a win on both ends.

>>54449043
The new trend is moving to Mexico so fuck you guys. Keep your overpriced shit.

>>54468299
>Gets beheaded

>>54468309
Seems more likely to happen in USA

>>54451510
Correct.

>>54468125
>not effective
>priced blacks out of LA, San fran, Portland
>less blacks in those places then 2000

seemed like the policy worked

>>54449043
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>>54468332
Good luck with that.

>>54468588
>Instead you have millions of Mexicans killing each other in the streets
So effective

>>54467489
That's what I said when I was in uni 10 years ago. The government can keep importing Indians well past the time you should have had a life already.

>>54469091
Fuck you

>>54449043
>Now its too late.
Still got a few months. There's plenty of time for those who are still on the hunt.
OP quit being a faggot and get back to work Juan

>>54450843
This guy gets it.

>>54453802
Fed permanently fucked everything in 2020 dumbass

>>54452058
That peak is going to come down hard Lmao. Real estate investors are SWEATING. Oh, and coping with threads like this trying to desperately convince people that prices will only rise in a desperate attempt to turn a last second profit before it all comes crashing down.

>>54468283
Nigger, this hasn't been true for YEARS in any real market, you're giving advice that was outdated in YOUR podunk shithole market 2 years ago and has been outdated in the first world for fucking ten years
>jus pay 2x rent for a mortgage, at least it's fixed
Fuck off boomer

>>54470910
>monthly mortgage paymenst are double the cost a monthly rent payment
Nope.

>>54449043
The bull run is close. I am planning to move to Lugano for real and settle in there where I can pay taxes and purchase online with crypto. Life will be more simple and peace in Switzerland enjoying weather and freedom for my funds.

>>54454003
>the economy's not going to crash, stocks are going to keep going up
I wouldn't mistake this zombie abomination for anything other than what it is. The people with money are moving their cash out of the system and maximising their holdings, when and only when they are satisfied that they're safe will they allow the system to collapse.

>>54471454
Kek. $500k house with 7% down (average for a first time home buyer) @ 7% is over $4k/m with PMI and tax, same house would rent for $2.5 TOPS. Kill yourself boomer, we aren't buying your bags

>>54449043
Now put it inflation-adjusted

>>54473311
I live in the nicest part of town. Rent here for a place this size is easily 2500. Cry about it if you like but I'll easily find a tenant to be my rentoid.

It's not the market going up. It's the dollar going down. Plebs.

>>54473311
You aren't buying houses because of a choice. You aren't buying houses because you are priced out. You and your roomates will rent the house. Worse case senarui even if the landlord rents at a slight loss per month they still profit in the end when the house sells. Sadly you don't understand this because you are arrogant and dumb. You will always be poor until you make the choice not to be.

>>54475571
>priced out
see >>54465017. you are a poor white nigger living in some midwestern shithole with a non-existent barrier to entry.

>>54475690
>REEEEEEEE STARTER MANISIONS WERE $500K AND UP THOUGH
Both of you are wrong in your understanding of starter homes. Every state in the nation had starter homes in decent livable neighborhoods. You were simply focused on McMansions in affluent areas you couldn't afford while working to come up with any excuse not to buy an afdordable home. Again, its your loss. You are farther now from the mansion you wanted then than you were at the time. You had your shot. You blew it. Enjoy paying someone else's mortgage rentoid. You have no choice now.

>>54475571
>Worse case senarui even if the landlord rents at a slight loss per month they still profit in the end when the house sells.
that is what people typically did until about 5 years ago. no one does this anymore and new/younger RE investors refuse to do this.

>>54476872
>>54475571
it's obvious that people posting/trolling with these threads are either underage incels who literally do not own anything or are chink/russhit glownigger trolls

>Up 4% year-over-year in January
>Down 5% from the June peak

‘08 skrewed with Americans’ brain. «Muh crash» is never coming. Buy while you can still afford to.

t. Europe

>>54451895
make a post when you actually sell one.

>>54478136
>Selling my homes
Probably never. One property is in the center of the city that's seeing massive growth. That's a rental property until the day I die. The second is still city adjacent but in a quiet suburb so it's a place we could see ourselves retiring in. If anything we're probably going to buy a third property somewhere out in the country in front of a comfy lake and use the rental payments from the other two to fund it.

>>54478114
People refuse to zoom out. Zoomies I guess. The housing crash was a once in a lifetime opportunity to buy. COVID free money was your last chance.

>>54453267
>you load sixteen tenths, what do you get?
>another day older and deeper in debt
>retirement don't call me cause i can't go
>i owe my deed to the ESG score

It's already decline -10% or so from highs. Not a crash yet but it's been bleeding out. A slight bump on the way down is to be expected.

Americans are losing jobs/salary at a time when the avg monthly mortgage payment surged by like 30-40%, not a good combo at all. There's simply no money to sustain current price levels. According to data there's been more investor/cash purchases and less mortgage based purchases this past month compared to the same month last year, these are people with cash and alternate financing catching the knife. Mortgagees are still priced out.

>>54478239
yep 2008 2.0 is coming fast. no one will be getting mortgages again. demand was pulled forward massively due to low interest rates as well.

>>54478939
Zoom out. Also look at the interior inventory charts zoomed out. The best you can hope for is a crab market while the fed raises rates to get inflation in check. At the end of that we moon. If you have cash buy what you can because once the money faucet goes back on you'll never afford a house again. Even with cash.

>>54479057

It always looks like a crab/bleed out before the first big leg down. There is simply no money lol. I sold my two rentals already.

>>54479067
If you zoomed out you'd see that 08 was an anomaly. Not happening again. But be my guest. Sell your properties and become a permanent renter.

>>54478197
Anon.... there's a threading about being a baggie, hope you have a war chest to last

>>54462118
Why would someone lie about making such a miniscule income?

>>54479091

Right anon, base your moves now on 1980's economics. Great idea!

>>54479142
I've got $130k in investments, $40k in cash, 0 debt outside of my mortgage, and I work a high six figure job for a company so closely tied to the United States government that you'd have to kill every American for us to post a loss. I'm the opposite of worried.

>>54479188
>Right Anon, base all future market behavior on an event that only ever happened once in over 100 years

>>54458497
>Who hurt you anon?
A woman, you are. Tits or gtfo

>>54458497
pointless trannycope

>>54479201

I'm not talking about 2008. I'm talking about now. Prices were already absurd and then mortgage interest rates went from 2.8% to 7%, an effective 40% jump in monthly payment. Millions of people insta priced out.

I decided to sell because rents are slowing now too. I posted for what I thought was a really great rate and got slow interest for the first time I can remember. There are lots of people overleveraged out there and they simply can't afford to take a loss.

I still own my own home. I'm not scared of that, sure it all eventually goes back up, that isn't useful information to someone who might be wanting to buy now.

>>54479190
>0 debt
>outside of my biggest debt in my lifetime
lmao

>>54479250
who the fuck is buying today unless its cash? is it all 30y now?

>>54479474
The point being that I've got enough savings to pay off what remains of my mortgage today. The economic future does not scare me. I have no other obligations but to pay off my home which I'll do in the next few years.

>>54451475
People who are not fucked by zoning laws live in huts or tents or favela ghettos

>>54473311
Or get a USDA loan at 4% interest and put no money down.

I don't even know why I recommend shit like this. It's better for me when morons like (you) rent from me.

>>54479250
>sells home when rates are 7%

Kek. Fucking braindead.

>>54479512
>pays off mortgage financed at 3%
>treasury bills are 5%

Are there any intelligent posters left on this board?

>>54480767
>Keep the mortgage instead of investing the money into securities that are at all time lows
The Fed is going to turn the money printer back on in a couple of years. When that happens I'd like to be completely debt free to buy the rocket ride. Make your own choices. I've made mine.

>>54476872
inflation adjusted appreciation is ~1% long run average over the past hundred years. you need to hold for 6-8 years to recover selling and moving costs. the fact that i have to explain why "starter homes" are a meme really betrays your painfully low IQ.

>>54480680
>DUDE JUST BE A POOR NIGGER WHO MEETS THE WELFARE INCOME CRITERIA SO YOU CAN SAVE $300/MONTH ON INTEREST PAYMENTS LMAO
https://www.rd.usda.gov/sites/default/files/RD-DirectLimitMap.pdf

this board really gets dumber and browner by the day.

>>54449043
>tfw got in before the price out

>>54480939
By that metric housing isn't over priced and might be too cheap. Are you ok?

>>54449043
Kek realie cope

>>54480983
>unintelligent post from an uninformed idiot
>she doesn't know about first time home buyer assistance available to everyone
kek typical rentoid

>>54480861
>literally proud of not understanding money management and investment
Wealth is wasted on the poor.

>>54480983
Did you even read what you posted dumb fuck?

"Low Income" in several areas is 88k. 100k+ if you're in places like California.

>>54480861
>wants to be free of cheap credit during periods high inflation

This is why you're poor.

>Priced out forever

The funniest thing is all you bitter gorilla niggers ARE going to be priced out forever. "LOLOLOL rising rates mean property goes down" And it also means your already minuscule chance of qualifying for a mortgage with your paltry sums just disappeared like cheeto dust off your turtle beach headphones when you log into cuçk-simulator 2022. Nobody that bought recently is going to sell out of a once in a life time low rate mortgage just to try to qualify for a bigger payment for a shittier home. You dumb apes are going to watch as you go from *priced out* to *hyperbolic priced out*

I'll say it again-NOT AS MANY PEOPLE AS YOU DUMB BLACK GORILLA NIGGERS THINK ARE GOING TO BE SALIVATING AT SELLING THEIR NICER HOMES, FOR A LOSS, TO ONLY QUALIFY FOR A MORE EXPENSIVE LOAN FOR A SHITTIER PLACE. PROPERTY IS UNIRONICALLY THE NEXT BITCOIN YOU FUCKING APES

>>54451895
You're an illiterate retard

>>54459575
>>54459400
>1ppid
holy shit it's actually botted.
There's fucking real life sentiment alteration bots in the real estate threads, COINTELPRO was real.

>>54485476
>Nobody that bought recently is going to sell out of a once in a life time low rate mortgage just to try to qualify for a bigger payment for a shittier home
>he doesn't know about adjustable rate mortgages making up a solid 40% of the total housing market
Anon, it doesn't matter. They don't have a choice but to eat the loss and live somewhere else, because their salaries haven't increased.
It doesn't, fucking, matter. They will sell, because they can't afford the mortgage they've already bought.

I'm sure house price will continue to go up while no one can afford to buy, historically speaking

>>54485611
that index is useless, things were not much more affordable in 2020.
2014 wasn't so bad, but I had no money because I just graduated, so couldn't even do a down payment.

>>54449043
>.16%
LMFAO you're an idiot. You remind me of notmies that lack the attention span to zoom out with charts.

>>54485527
>They will sell, because they can't afford the mortgage they've already bought.
and they'll still be tens of thousands of dollars in debt for nothing. Time to buy stocks in rope manufacturers I think.

>>54485611

That's the counter I have for people who say there won't be another 2008. They say it's a once in a lifetime event, but this affordability is also a once in a lifetime event. Housing was more affordable in the great depression in the 20's.

Prices have never been this bad, ever. You can't say 2008 was an anomaly without admitting that this is also an anomaly. I won't claim I'm clairvoyant and know the future but I do know that this market is not sustainable and the longer it goes on the greater chance we have of something breaking.

>>54478230
nice reference, anon. ernie ford owns

>Prices nationally rose 0.16%

Is this what hoomers think is a good return?

My $340k condo is now worth $400k after just less than 24 months. Only $1m+ properties are dipping right now, everything else is up and up.

>>54486905
This, there is a split in the market. Every will cry the housing market is crashing but only the luxury market is. Start homes are still relatively high priced.

Also want to point out that condemned houses will crash in price too.

>>54451802
Rent?

>>54486928
lol these stages of hoomer grief are comical to watch unfold.