/biz/ - Business & Finance

we do have price cuts and increasing inventory

I work for a large electrical contractor in Florida and our new rough-in starts have decreased by 80% since February.

>>55170799
another retard milking youtube for views >eventually he'll be right one day

It will never go down. Pic related, found it today.

>House misses the 2020 pump for some reason
>Owner jacks up the price to MILLIONS in May

Boomers "know what they got"

>>55170799
He's gonna be wrong, delete his YouTube channel from death threats, then housing will -90% the moment he calls it quits

>>55170799
It's been declining for 6 months. It's going to be a slow burn to the bottom. The 08 crash took 5 years to bottom out with a 27% drop over that time span.

>>55170997
>>55171047
A 10-20% decline is nothing when housing prices have doubled since 2019

It's just classic rentoid bait, he lies to keep them waiting for a crash while collecting their rent

>(it still hasn’t started)

>>55171081
>>55171107
>>55173527
Good Luck,

Mike

>>55174261
Is Mike still posting anywhere?
Reiclub forums seem ded

He was too early but he isn't wrong, the fundamentals now are even worse than 08 (more leverage, shittier demographics,...)

Housing recession starts when he flips bullish, unironically.

>>55174261
Lol this some premium cope, extrapolating literally half a cycle

The average time between re crashes is almost 40 years

>>55174497
>t. anxious baggie

>>55170799
the fed holds trillions in mbs. the commercial real estate market is currently valued and leveraged at pre-covid prices and empty buildings are still valued and leveraged against rental values as if covid never happened. Just wait it out.

>>55170799
Imagine missing out on the deal of a lifetime because you listen to this fag. Youtube is filled with charlatans.

>>55170799
Housing market crash predictors are a bunch of clowns. Aslong as infinite immigration and money printing continues we're not going to see a crash

but it has started, I've seen house prices drop like 20% in my area

>>55175117
As was stated before, a 20% decline is absolutely nothing when priced have doubled or even tripled in many areas since 2018

>>55175117
>my area
You a 1% earner? Those are the only houses that budged. Median class housing is at ATH or higher

>>55175230
Some places ballooned from 400k to 1.5 million. The bears have no legs

>>55175116
This is retarded. Minsky says otherwise.

> Bought in 2008 for 174k
> Sold for 383k in 2021 (83k over zestimate)
> Bought for 521k
> zestimate at 680k now

WTF Is happening?

>>55177126
people have jobs still, powell needs to destroy consumers, but he's too much of a pussy ass nigga.

>>55174854
anon, you're not supposed to make informative posts
you're supposed to recycle everyone else's posts into your own so that every thread is uniform and uninformative

>>55174854
please explain like the retards like myself.

>>55171107
Go back to elementary school.

>Have 10 dollars
>go up 50% to 15 dollars
>Drop 50%
>Now have 7.5 dollars

>>55171105
>It's been declining for 6 months.

Cope.

Why are people saying housing prices haven't gone down when they clearly have? The last time housing crashed it took years to bottom. Why would it be any different this time? It hasn't even been a year since the peak. Same thing goes for the stock market.

>>55170799
real estate has been cashing here for like two years.

>>55171070
>eventually he'll be right one day
doubt it

>>55175116
/thread

id like to know where these idiot fucking clowns think the demand is going to go.
we are literally in an overpopulation stage.
demand has far outpaced supply in anyplace that isnt fly-over tier or hellscape unlivable collapsed vacant cities such as Detroit

>>55180519
You're so fucking stupid.

Demand will go down as interest rates rise.

you don't know economics or finance, youu're a dummy.

>>55179977
>When your getting multiple offers you do not have time to go and update realtor.com/Zillow
that's not how an MLS works

>>55170997
inventory is not yet going up enough. It will only pick up adequately when unemployment goes up

>>55170799
he doesn't actually believe a house market will crash. he's selling a product: copium to low IQ, low income normalfags. i realized that housing wouldn't crash. that's why i concentrated my efforts on getting a stable, fully remote job. i plan on buying a house with cash in my shithole flyover town. will this plan have major drawbacks? of course -- no pussy, no infrastructure, no hustle™ and™ bustle™. but it's better than paying a jewish landlord $1700/month for one bedroom, or paying a jewish bank a $2000/month mortgage for the next 30 years while also paying $8/year in property taxes for increasingly nigged/beaned/mullatoefied schools.

>>55175021
thanks, just bought 3 more apartments for rent in downtown LA because of your advice

>>55181994
>housing won't crash

I can't even believe how fucking stupid and low IQ someone has to be to think housing won't crash. You literally have to be insanely stupid to not think another 2008 isn't around the corner.

>>55177831
stop it, you know these kids can't do math. You'll make them feel bad.

>>55182037
i want it to crash but it likely wont. normalfags are barely sentient retards who will gladly sign away an ever growing chunk of their post tax earnings for the next three decades if it means having a shiny new 83 year old plywood box over their head.

>>55180164
it depends on the market you look at. Florida for example was extremely overheated and has already dropped in prices in places like Tampa for example. Charlotte, NC is also an example of an overheated market that has dropped off hard.
Others are still holding up. We'll see how things go, but a lot of it depends on how big Powell's balls are.

>>55181577
interest rates have leveled off because there is still a need for MBSs. So long as MBSs are needed the need for low cost morgages that make them up exists. If interest rates on mortgages go up too high then the impact on martages is too negative and there won't be enough mortgages to generate enough MBSs for corporate investors (vanguard, fidelity, etc.). So you see the interest rates on mortgages are a manifestation of supply-demand dynamics that are NOT only driven by the FED funds rate. If corp investors demands MBSs then there MUST be low cost mortgages. For there to be low cost mortgages interest rates can't go up too high or there wont be enough mortgages to generate MBSs.

>>55182067
>Charlotte, NC is also an example of an overheated market that has dropped off hard.
u wot m8

>>55182126
room

>>55182126
temperature>>55182126

>>55182126
IQ

typical biz poster

>>55182381
>>55182391
>>55182399
rofl these charts show prices are still increasing
that's not "dropping off hard"

imagine being so fucking stupid you can't figure out it takes years for this shit to go down
Total home values fell to $45.3 trillion at the end of 2022, down 4.9% from the same period a year earlier, Redfin found. By comparison, home values dropped 5.8% from June to December during the 2008 housing market crash, according to Bloomberg.

>>55182430
>these charts show prices are still increasing
none of those charts show "prices"
low iq bait or AI shill detected

>>55182775
Home value is literally the price, methinks you are a troll

>>55181994
this. i left dallas for my rural roots. working from home and if I am lucky I make enough to kill the rest of this 180k and then buy the land next to me. and more land around here. my rent in dallas was going from 1100 to 1600. got lucky getting this place. mortgage is 1200

anyone who tries to predict this shit gets humiliated. just set yourself up for it without all the sensationalism