Is the US housing market starting to collapse?

[Anonymous No.13832111]

>Existing home sales were down again nationally (4.4%) in April (fourteenth month in a row of declining sales year on year). That is the longest stretch without a single positive month since the housing-market collapse that brought on the Great Recession.

Any comments on this?

[Anonymous No.13832148]

>>13832111
Nobody can afford the cost of living / nobody wants to pay the government tax on something they "own"

If you CAN afford a house, you probably already own 3-5 and rent them out to poorfags who will move out in a year because their van is cheaper and doesn't incur property tax

[Anonymous No.13832162]

are the rates of fraud rising?

[Anonymous No.13832172]

Rich are getting richer and poor stay in tents

Theres only so many houses a richfag has time to live in

[Anonymous No.13832202]

>>13832111
I am not suprised, the Fed has made it abubdantly clear wage stagnation is going to start affecting the economy in negative ways. If you're not in the top 25 percent of incomes in the vast majority of states you cannot afford a house unless you save for 20 years, you got inheritance or got federal housing assistance gibs. You cannot buy housing making 12 dollars an hour at Wal Mart. You cannot buy housing at 15 dollars an hour unless you live in rural Florida or a handful of other low tax states.

[Anonymous No.13832225]

>>13832111
could you zoom out to 2006

[Anonymous No.13832244]

inverted yield curve formed couple of months ago. first red flag to btfo usa

[Anonymous No.13832258]

>>13832202
You can do all those things easily if you're not a nigger living on debt. Most overpriced houses are built on high debt.

You shouldn't pay more than 10% of your income for mortgage expenses.

[Anonymous No.13832273]

Housing is starting to slip. Down 7% last month. Believe me get your BTC ready, boomers will sell their McMansions for Bitcoins when they realize there are nobody to buy their house bags anymore. This is exactly what is being set up.

[Anonymous No.13832296]

What about leaf land?

[Anonymous No.13832298]

>>13832258
>You shouldn't pay more than 10% of your income for mortgage expenses.

What fairy land do you live in. I make $35 an hour and housing costs me 40% of my income.

[Anonymous No.13832324]

>>13832298
Stop beign a retard then

You can drop your housing costs to 5% of income with little brains

[Anonymous No.13832344]

>>13832324
only jews, rich daddy boys are able to do that. be realistic. if you'd look up charts, you'd know that 5% housing costs are rather an exception than a rule. 1/3 is more realistic. 40% is a bit high.

[Anonymous No.13832366]

>>13832324
No

[Anonymous No.13832368]

chart is misleading.

Houses arnt "selling" because there is a lack of inventory.

Low supply, high price.

How do you sell something that does not exist? The inventory of homes are at their lowest in the history of US.

Fucking cock mongrels stopped building homes so the alreay rich can swoop in and rebuy all of them at tire sale prices in 2012 after "they" got their bailouts.

Now single family home rentals is a wallstreet thing.

I am very suprised domestic terrorists dont exist at this point. Which leads me to believe americans are so submissive that theyre so comfortable enough to be slaves.

[Anonymous No.13832382]

>>13832368
Flouride

[Anonymous No.13832398]

>>13832324
>>13832258
You are not living in reality. Yeah you can spend 10 percent on housing making 15 an hour if you have 2 or 3 roomates. Unless you live in a very low tax red state you are not going to be able to afford housing on 10 percent of 15 an hour. I don't think you understand how fucked housing prices are in New Jersey/New York/California etc.

[Anonymous No.13832423]

>>13832273
>trading BTC for a shitty plywood meme shack that is taxed by government

Only a FOOL would do that

[Anonymous No.13832433]

>>13832398
Nah you just need to find ways to not pay for overpriced boomerboxes. Like making your employee to pay for you living or moving into low cost area to work remotely

[Anonymous No.13832453]

Doomers are such annoying little fags

[Anonymous No.13832489]

>>13832324
>lol just pay your parents 5% of your salary to live with them

A 200 Sq ft micro studio here is $900. And moving to a job desolate area with cheap rent doesn't solve the problem when I won't be making as much money

[Anonymous No.13832496]

>>13832423
Only a fool wouldn't. The government is coming to tax your BTC, this is the fucking reality. Get real estate if you can. Land will ALWAYS have value.

[Anonymous No.13832510]

>>13832111
OP could you please post sauce for the graphic?

[Anonymous No.13832521]

>>13832496
>he thinks government can tax BTC

kek, BTC was literally created to destroy government. Read game theory

[Anonymous No.13832536]

>>13832496

[Anonymous No.13832549]

>>13832111
I don't know but it's weird. In europoor if you want a €100000 house you need €20k so people with no savings from poor parents which there are a lot have to save for 10 years.

This is nothing new but the prices keep rising, funds are all over investment properties and the minimum wages and most skilled workers don't keep increasing. It may be the sign of a bubble but who knows in the end

[Anonymous No.13832552]

>>13832521
If you don’t pay taxes on your Bitcoin when you DO buy a house with BTC they will seize your house. You need to play by the rules a little bit, unless all you ever want to do is stare at your account balance without ever cashing out. The Gov is baking on idiots NOT paying their taxes to seize all the sweet cars, houses, and luxury items that the future billionaire neets will buy. I WILL buy a mansion at 250K+ BTC and be able to sleep well at night. This is being set up, open your eyes. Pension is slipping and real estate is on a spiral downwards. No liquidty- where will it be found? In Bitcoin. There’s a reason the new buying generation isint purchasing houses yet. It’s a terrible time to do so.

[Anonymous No.13832583]

>>13832496
>real estate is REAL

[Anonymous No.13832591]

>>13832552
Trading BTC for land/mcmansion is retarded

Read this blog by based anonymint(170 IQ)

https://steemit.com/cryptocurrency/@anonymint/bitcoin-rises-because-land-is-becoming-worthless

[Anonymous No.13832605]

>>13832521
>>13832536
>>13832583
I was gonna answer you guys but please read >>13832552
The time will come to buy real estate with BTC and it's coming sooner than we all expect. The fucking boomers are all starting to fall like flies and with them will their hyper inflated fiat. You will need to find a way to cash out without ((((them)))) and the feds eyeing you all like fat salmons to tax the fuck out off. Also what part of LAND IS VALUABLE don't you stupid zoomer fuckers understand? I OWN Bitcoin you stupid fucks.

[Anonymous No.13832672]

>>13832162
credit guidelines are loosening and there's rumors stated income is back

[Anonymous No.13832699]

>>13832605
See
>>13832591

The west is heading for demographic abyss and leftist totalitarian democide your land is worthless unless it is being physically protected by the military of the white ethnostate, I don't expect this to happen until at least 2050 though once american whites hit rock bottom and finally start to organize

If you reveal to the government you have BTC minority(now a majority) ZOG militias WILL find you with the help of NSA hyper-surveillance and torture you/your family for the keys. Once whites lose democratic control of their countries all land in those countries will immediately become worthless just like the land in Rhodesia did. The land will regain value once whites reassume military control over it

[Anonymous No.13832757]

>>13832699
HAHAHAHAHA ABSOLUTELY BASED YOU SURE OWNED THOSE LEFTIST SJW KEKS WITH YOUR ARGUMENTS BASED XD HEIL HITLER BASED

[Anonymous No.13832847]

>>13832757
cope

[Anonymous No.13832870]

>>13832699
This actually makes alot of sense

[Anonymous No.13832975]

>>13832591
It’s too early for black pills you asshole but thank you for the link

[Anonymous No.13833007]

>>13832699
this might be the most buzzword filled post on 4chan

[Anonymous No.13833065]

>>13832111
Can we get this chart starting from 2006?

[Anonymous No.13833080]

>>13832433
If the job means remote working is possible they can give it to a pajeet

[Anonymous No.13833084]

>>13832258
>t. lives with parents and doesn't pay his own bills

[Anonymous No.13833091]

>>13833065

[Anonymous No.13833103]

>>13832699
>If you reveal to the government you have BTC minority(now a majority) ZOG militias WILL find you with the help of NSA hyper-surveillance and torture you/your family for the keys.
This would only happen after another bull market makes a bunch of anons rich (much more so than last bull) and then radical leftists take over the government (worse than now). If you're the sort of person they'd come after, you'd have already made it and retired to Thailand or some shit.

[Anonymous No.13833125]

>>13833091
thank you
no reason for panic

[Anonymous No.13833152]

>>13832148
I own 4 houses and rent three of them, you sound like one of the whiny tenants who I constantly raise rent on just to get rid of.

[Anonymous No.13833172]

>>13832258

What fantasy do you live in cunt. Before you start calling working people niggers you should think before you speak. 10% of 15$ = 1.50/hr = 240$ a month full time pre tax. My rent is 950$ in a shitty suburb outside a minor American city. In the city it is easily 1350$-2000$. That rent is only slightly higher than what a mortgage would be. There are no jobs in the country. So even though a house is only 30k there, it's not worth commuting 3-4 hours for work because not only is that depressing as helk but it will eat half your paycheck in gas. You're a fucking nigger you fucking nigger.

[Anonymous No.13833195]

>>13832699
Checked. Bitcoin is not increasing in value as much as fiat is losing value. Why do you think housing and things you can´t import have increased in value massively? Once btc reaches lower levels of inflation than fiat next year it will enter the same category of things like housing or gold and will be unstoppable.

[Anonymous No.13833304]

>>13833091

[Anonymous No.13833331]

>>13832258
> on minimum wage, anon says i can buy a house!
> make $24k/yr
> mortgage is 10%, 2.4k/yr
> your mortgage is $200/mo

100% realistic. are you 12 or 112 because that's just not happening anywhere. even a 100k mortgage right now is $600/mo~ (just did the math, considering a refinance)

>>13832368
if wallst is the one propping up housing then it can crash when they take profits... though from what i understand REITs aren't structured that way. they'll HODL and let the property turn into a slum and rent it as long as possible.