/biz/ - Business & Finance

>>58332014
Boomers must have bigger numbers in their accounts than the young so when they die blackrock can have those numbers simple as

too many people with 2-3% that are trapped

Because everyone is too broke to afford these insane principals at these insane rates. Once rates go down is when the fun starts.

>>58332014
>"RATES ARE 7%. WHY WON'T HOUSING CRASH?"
>picrel, is you

Because mortgages are harder to get and people are able to pay it, very easily.

>>58332082
You're predicting a housing crash when rates go down?

>>58332171
Yes. There may be an initial bounce in value, but the lack of liquidity is why nothing is moving.

>>58332081
yeah I'm at 2.25% and I'm pretty much just going to ride this out without even putting in annual extra payments

>>58332014
I've been following Truflation for a long time now and nothing scares me
Nor inflation rate nor housing prices

>>58332014
lowest supply on record, says right in the screen shot

my house is at 2.6% and I am never selling, at that rate it would be better to rent if I ever have to move.

many such cases

>>58332014
Everyone is tipping the government 20% so they don't spit in their homes.

>>58332171
>>58332188
You guys are both going to love what happens when they lower rates and the bond market sells off and immediately gives us higher interest rates and people panic.
t. Fixed income securities virgin

>>58332014
If you are a truflation devotee this is not news to us, all is going according to predictions, we been warning you for a while now.

>>58334815
>all is going according to predictions

>>58332014
biden´s holding it
he's out, everything is out
mark my words

>>58332875
sell and live in cruisers
way better to do it, have some vacation and dedicate fully to crapto

>>58332171
how do vial accidents work?
crashes happen even at 20mph

>>58334990
>>58334815
based anon quote

>>58335021
>how do vial accidents work?

due to ppl being stupid, that the only reason

>>58334990

My body is ready for the future

>>58335032
It was rethorical, you fucking piece of shit

>>58335046
>>58335045
>>58335032
>>58335026
>>58335021
>>58335015
>>58335010
>>58334990
>>58334815
>>58333170
>>58333096
>>58332875
>>58332863
>>58332288
>>58332199
>>58332188
>>58332171
>>58332128
>>58332082
>>58332081
>>58332050
>>58332014
Housing won't crash just because you want it to, little boys

Rates won't do anything about the 18 quintrillion brown people your overlords flood the west with. Idk why people even look at economic data when such an obvious supply/demand inventory problem is staring you in the face. Boomers will literally go insane if their houses don't go up 15% annually

>>58335046
I think that anon was Monkey see question monkey answers stupid.


that or autistic.

>>58332128
>Because mortgages are harder to get
My cousin working min wage with a husband with terrible credit got one for a 200k trailer. What the fuck are you smoking?

>>58335061
gtfu jew

>>58335069
>jews are anti immigration and pro cheap housing
Yeah the sky is green and the grass is blue.

>>58332014
Because God is on her side. She is blessed

I'm about to buy a $450 fixer upper in CT shoreline. I'll probably since $20k in the next 5 years. I'll be laying $3600/mo
>Mfw

>>58335129
At least it's on the shore

>>58335148
Yes, fair point. I will be able to dump my bags on city faggots from NY and MA when they flee the cities in 19 years.

>>58332188
>I'm priced out
Okay.

>>58335067
>Me: Talk about reality of todays housing market conditions
>You: "LOL BUT WHAT ABOUT MY ANECDOTE ON THIS LOW VALUE MOBILE HOME! HUH WHAT ABOUT THAT IDIOT?!"
Oh you got me there. You must be so smart out of all your inbred cousins/brothers.

>>58335205
Dude my family was like "bro just move". My brother in Christ, homes in the ghetto are going for $300k+.

>>58332014
Most of those buying the houses don't care about the interest rate.

>>58332082
>everyone is too broke
No they aren't. If nobody were buying prices would have already dropped. The prices are where they're at exactly because people are buying, to the point where demand is outpacing supply. That's the fundamental explanation why prices are still high: There aren't enough houses. The people who want houses have to compete against each other and bid a high enough amount to come out on top and secure one of the limited number of houses available.

>>58332014
>Rates go down
>Border goes up

Simple as.

House prices are going to heat up all year.

>>58335055
>Housing won't crash just because you want it to, little boys
Yes it will
All those mcmansions are sitting empty
When the masses wake up to it there will be something worse than the French revolution

>>58335420
>Yes it will
No it won't grow up

>>58335539
Oh it will
Do you think 2008 was just once?

>>58335067
Banks don't issue mortgages for manufactured homes

>>58332014
>bidenomics

Having a job is risk mitigation, chud!

>>58335055
my crypto and stocks all mooned 2-10x while your 10x over leveraged loan dropped 15%

>>58335350
>The prices are where they're at exactly because people are buying, to the point where demand is outpacing supply
Sure thing pal. "Demand" isn't actually just deliberate supply destruction via 10k illegals flooding in daily, zoning restrictions, and tightened building permits.

Man, the liberal-progressive journalists that are even now admitting the economy is dogshit should come to 4chan and stop spreading misinformation. Literally every economic indicator and 2 functioning eyeballs suggest that everyone is in fact broke, but these so called financial experts should just come to 4channel dot org to get a superior news source.

There wouldn't be a crash. Population will keep growing. Its supply and demand.

>>58335568
>Its supply and demand.
>Its not like the supply is being manipulated or something silly like that so people can be held hostage to banks for the next eternity

>>58335294
>homes in the ghetto are going for $300k+.

>average homes are ghetto based on this anon

>>58332014

>>58335387
These beautiful people are only searching for a better life.

>>58335543
Completely different low IQ anon

>>58335616
Do you realize how shitty the average American town is? Maybe you accept mediocrity but I want more for my family. I'd rather spend every weekend with a drill in my hand fixing something in my house instead of buying turnkey in a place where my kids need to mingle with shit heads.

>>58335350
Prices are high even with rates being 7%

Imagine if rates were still 3-4%

>>58335727
I don't know why you're getting overly emotional and upset. All I am pointing to you is facts.
You said ghetto houses are for over 300k, I showed that's not true an median house is around 380k is around that range. You can cry your standards are much higher, that's fine, but let's not pretend you weren't implying that housing is so unafforable, you couldn't even get a ghetto house which was around 300k+.

>>58332014
every homeowner in america termed out their debt and refinanced at 2.5% for 30 years and will never sell if it means breaking that mortgage and trading into a new place at 7%. So despite demand obviously falling as affordability slips away, supply has fallen even harder such that prices are moving higher

thats why homebuilders are crushing it too despite the rate environment - they're the only game in town if you're looking for a home today

>>58335350
The rich and the stupid are buying
The rich are buying so they can rent to the unwashed masses
The stupid are buying because the banks are desperate to keep the ball rolling

The cost to build that house is far more. How can it go down then?
t.construction fag

>>58332014
>>58332050
>>58332081
>>58332082
>>58332128
>>58332171
>>58332288
>>58332863
>>58332875
>>58333096
>>58333170
>>58334815
>>58334990
>>58335010
>>58335015
>/biz/let niggers don't know assumable mortgages.
>/biz/ crypto kikes don't know how much all cash deals are carrying this gay nigger clown world housing disaster.
Stop crying little boy.
t. 66 yr old slumlord with a new 24 yr old wife from flyover county.

>>58335559
How would immigrants being part of the competing demand disagree with what I said? Yeah, if you have many extra people trying to buy a house then demand will outpace supply. Which is what I already said. Plenty of people are buying, even now, to the point where prices are still increasing.

>>58336584
Because you're denying that young Americans are broke and painting an image that omits the reasons why supply/demand is so fucked. It's not so much that "people" are buying, but select few asset management hedge funds like Blackrock that are slurping up every unit that gets listed, paying way above asking price. Said hedgies also place their useful idiot green policy leftists with their DEI programs who all create laws and policies that restrict new land developments. If it were some supply/demand thing, housing will deflate bigly from the free market finding efficiency.

>>58335550
Bullshit you uninformed retard.

>>58337021
Really no incentive for asset managers not to. They can turn around and dump any risk onto the fed balance sheet. 30% of mortgages are now held directly by the fed. No reason not to write risky loans with a guaranteed government backstop.

I think we know how this all resolves, everyone will be made poor. Bitcoin will perform probably better than RE in this environment

>>58336580
>cash deals
Kys
Cash doesn't do shit except a bunch of boomer brainwashed retards shit eating grins as they get fleeced for 600k of their capital they could have held onto and lived homeless instead of buying a "home"

>>58335350
You get like 10 Indians all chipping in to rent a tiny basement in canada

>>58332014
Everyone who wants to sell is just renting out their place until rates drop. They know central banks are lying about trying to beat inflation, and the third worlders being imported keep the rent market afloat.

>>58335550
You are dumb!

>>58332081
>trapped
who, the bank? I have my payments for the next 10 years stacked in a 5% interest account

>>58332082
>Once rates go down is when the fun starts.
Correct. Rates to price ratio has shown time and time again that as rates begin to go lower, prices follow suit (they drop).
It happens every time.

>>58335350
>If nobody were buying prices would have already dropped.
Oh you sweet summer child. You have lots to learn.

>>58332014
Cause no one is selling, they're renting until rates go down again, and the migrants are making this huge boost in rental properties possible.

>>58341664
That's because rate cuts have typically been due to crisis that prevents people from buying things. When the crisis doesn't impact people's ability to buy houses (covid) and rates drop, prices spike.

>>58341664
>>58341894
Could it be that markets have just become way too future-looking? The market has been pricig in the fed lowering rates since last year. The fed doesn't want to lower them with the markets this pumped, they prefer to start printing once the market has crashed.

These are the scenarios that could happen this year

>The FED lowers rates 3 times as they promised and timulates the markets even more
This would stop the lowering of inflation but would give consumers the liquidity they need to start spending and hopefully saving
>The FED doesn't lower rates and lets the market crash on the news
This would lower inflation but would stop the economy and unemployment would rise. The government would have to spend more with expensive debt to control unemployment. This is unlikely to happen in my opinion.
>The FED goes ultra-hawkish and raises rates as a prostate exam middle finger
Unemployment skyrockets and markets crash like crazy. I think this has less than 1% chance of happening.

For now, the FED just wants to lower rates at a slow pace for a soft landing. The issue is that markets have low trust on the dollar it seems. People and companies prefer to have their dollars on equity to protect them against the defacing of the dollar and other currencies around the world. Have the central banks lost the battle to consumers? Only time will show.

>>58342113
The fed will do everything in their power to prevent house prices from dropping. It will take a miscalculation, likely from an external source to cause this. Their rate decisions will not be what moves the needle down, and they would prefer to error on the side of inflation.

>>58342290
>they would prefer to error on the side of inflation
Lately they've prioritized inflation. This is why they have pushed back the rate lowering.

>>58335129
I can save her

You don't get crashes without forced sellers

>>58335061
This is the answer right here. They can’t print endless money anymore so they opened the borders