/biz/ - Business & Finance

[Anonymous No.15712233]

are we in a real estate bubble or is this just normal

[Anonymous No.15712274]

this is the new normal.
people won't just suddenly start moving to boomerville (pop. 304), iowa.

[Anonymous No.15712804]

>>15712233
Maybe, what have you been watching? Is it recommendations for you?

Anyways...Algorand have just partnered with AssetBlock to enable the tokenization of real estate assets.

This is very forward-thinking IMO. First mover advantage to get ahead of the game!

[Anonymous No.15712922]

>>15712804
Begone

[Anonymous No.15713464]

>>15712233
We're in a general bubble and you actually make a great point by posting this, because the key indicator of a bubble is inefficient spreads from which you can make profit that you shouldn't be otherwise able to. A market where its agents have lost the fear of losing their capital and have therefor stopped caring about paying extra premiums for services is an overconfident market about to overextend far beyond its capacity of management, which leads to a structural collapse - a crash. The exact same thing happened during the subprime mortgages and people simply stopped giving a fuck about premiums with real estate agents all becoming millionaires from the fattest commissions to ever exist.

In fact, crypto to an extent was the market testing its bounds - a type of investment appeared which could only appear in an environment capable of tolerating massive risks and after having its test run, it turned out that the modern society was still not ready for such a high level of risk and simply crashed with most people walking away and refusing to come back. Here's the problem - everything else in our society right now is built around such high risk tolerance of perpetual growth with the thought that albeit the huge complexity things will somehow sort themselves out, from globalist interconnection to the welfare states, yet nothing else is actually crashing when the signal that we're not yet ready for this stage of overextension was clearly sent by crypto. This can only mean one thing, and it's coming soon enough.

[Anonymous No.15713561]

>>15713464
You mean the singularity, r-right?

[Anonymous No.15713583]

>>15713561
Hahaha, yeah, the singularity

[Anonymous No.15713607]

>>15713464
Based and smart anon. How do I profit off this?

[Professor Zoom No.15713821]

>>15713607
Buy btc and btc only...dollar cost average into it and never buy btc with debt.

[Anonymous No.15713964]

>>15712274
If they did, they wouldn't have to cry every year why red states have blue cities or "majority vote" bullshit.

[Anonymous No.15713995]

>>15712233
These shows are about increasing home value by improving the home itself, not buying and passively waiting for the price to go up after a year. Unironically, it's healthy for the economy that so many folks get involved with this (actually flipping, not sitting on the couch watching shows about flipping all day). The people who rent won't do it themselves, but they will pay 50% of their income to live in a fixed-up foreclosure house instead of living with their parents. If someone else doesn't do it for them though, they stay with their parents, and the empty house falls into disrepair

t. $300k in rentals, adding two new homes every year til I hit 20

[Anonymous No.15714099]

>>15713995
have you gone to any foreclosure auctions? I'm thinking about trying it out ever since I saw a house down my street sell for 30k at auction and then get resold two months later for 200k. My only concern is that the auctions require cash on the spot, how do you even carry that much cash around safely? I have done my own remodel of my house so I know how to fix houses up and I think this would be a good side income type of thing for me.

[Anonymous No.15714137]

>>15713464
Ayys?

[Anonymous No.15714161]

>>15714099
>What is a check

[Anonymous No.15714173]

>>15714137
never seen this gif, thanks bro.

[Anonymous No.15714185]

>>15714161
>check
>requires cash

they don't take checks at these auctions, it's cash only

[Anonymous No.15714249]

>>15714185
Thats not an auction, thats someone not psying their taxes

[Anonymous No.15714260]

>>15714099
All of mine are from foreclosure auctions desu. And "cash on the spot" just means within a short amount of time; you'll have time to run to the bank and get a cashier's check

I've never seen or heard of anything like going from $30k to $200k in two months, but I live in a town with a low five-figure population. I got to this point by starting with one $20k property and renting it out--you can generally recoup everything within 5-6 years at the going rental rate in my town. Now that I've been doing this a while I feel comfortable taking out a loan if I don't have liquidity and see a good deal.

It takes time but you get to be a part of a good community; people will approach you with new finds or prospective renters, you get to know the electricians, plumbers, carpenters etc. in your area well, etc

[Anonymous No.15714286]

>>15712274
>people won't just suddenly start moving to boomerville (pop. 304), iowa.
Why not? They do everything online anyway.

[Anonymous No.15714290]

>>15714260
have you ever had to kick out deadbeats after buying a property? Are there companies you can hire that do this for you? I am a little worried about buying a foreclosure and then getting caught up in a legal mess trying evict the people squatting there.

[Anonymous No.15714439]

>>15713583
Lol that image is good.

[Anonymous No.15714455]

>>15714290
It's relatively cheap to get a law firm to do it for you. I've had to do it once for a renter who stopped paying, but I generally avoid properties where the occupant is the one being foreclosed on. Sometimes you'll have a landlord being foreclosed on who still has tenants, but there's no need to boot them. It saves you the hassle of finding someone to rent to, plus they're going to be happy to have a landlord who actually gives a shit

[Anonymous No.15714882]

>>15712233
Bubble but not for the reason you described. Those shows mostly operate from Atlanta, Carolinas, but especially Canada which has a raging bubble far worse than America. The exception is fixer upper, Texas show with very strong operators, and Flip or Flop but Christina fucked every contractor in the Orange County until Tarik found out and that show is ruined

[Anonymous No.15715320]

>>15714882
1 - cohost fucks all the talent
2 - move the show to HBO
3 - ???
4 - profit!

[Anonymous No.15715436]

>>15712233
Its repo bubble.

[Anonymous No.15715984]

>>15713561
> >>15713583

>>15713607
Stockpile on oil and efficient generators. The collapse will most likely follow this order:
>the market finally reacts to peak oil and no international entity is capable of keeping the prices low anymore, starting with Russia finally playing the hand they had been building up so far and invading the Middle East which the USA will abandon because of isolationism and full focus against China/internal issues
>environmentalists overextend and the entire west capitulates on their environmental policies, going full exploitatory mode (mostly because not going full fossil fuel will mean a civil war, think yellow vests but on hardcore steroids)
>cost of living skyrockets to barely manageable levels where mediocre employment can no longer afford you a mediocre life
Now here's when the very fun part begins:
>transportation cost of food from rural regions to cities explodes, transferring that cost to the food itself, making it impossible to live in the large cities unless you can afford to outbid most people on food by paying the retarded prices they will charge
>amazon, walmart and every company dependent on huge supply chains collapses because people simply cease using them
>chaos and mass looting ensues, leading to martial law and possible military junta in the USA (at best, civil war at worst)
>Hitler 2.0 and Lenin 2.0 appear in Europe
>The UK collapses into communism
>Scandinavia becomes the most capitalist region on Earth
>Brazil becomes a relevant regional power, providing most of the cheap food for multiple regional powers, namely the USA and Canada (which is quasi-communist following the UK's collapse)
>The libertarians flee from both of these nations to Australia, turning it into a hardcore capitalist nation
>Japan invades Korea to restart their economy, actually greenlit by the USA in turn for an alliance
>If the world doesn't get nuked by now, someone invents profitable fusion and the new era begins.

[Anonymous No.15716046]

>>15715984
Sounds reasonable, except Scandinavia will be a socialist dystopia. Also, Germany will invent profitable fusion and you know what that means to the rest of the world

[Anonymous No.15716153]

>>15716046
The reason Scandinavia will become very capitalist is because:

>they need to heat up their houses more than the rest of the world
>they need to eat something that's not just fish

Both of these will force them to excel at trade regardless if they believe in it or not. The parties who're not entirely focused on trade and ensuring food and oil through international trade will be the ones doomed to irrelevancy. The proximity of geography, culture, climate and supply issues will force them to enter a common trade alliance anyway which will ensure that they never deviate from capitalism.

>Also, Germany will invent profitable fusion and you know what that means to the rest of the world
It is true that Germany is currently leading in that area, however you're forgetting Japan, a nation capable of rapid technological mobilization, which by the way is quite distant from the oil suppliers of the world and will very likely be denied access to them by China. How does Japan feed their energy hunger, if not making it the main goal to invent fusion? Germany remains the potential leader of fusion research but there are nations out there who'll need it far more than Germany will, Japan+Korea being one of them, UK being another, Scandinavia coming shortly after.

[Anonymous No.15716175]

>>15712233
Median house cost ($236,100) to median household income ($61,372) is 3.8:1. Once it gets over 4:1 we're in trouble.

[Anonymous No.15716206]

>>15716153
>>15715984

I personally think google will create an ai before any of that happens, and then we either get a singularity or all die to our robot overlords.

[Anonymous No.15716323]

>>15716206
AI is actually not as close as you think it is. The neural networks are still stuck on bruteforcing and specializing over a specific problem without the ability of transfer learning and applying models they've learned to different areas. As an example, this one https://openai.com/blog/emergent-tool-use/ - unless you run hundreds of millions (6 billion to do what they did) of iterations on a supercomputer to iron out and bruteforce every detail of this specific game, you will fail to even reach human performance. Now suddenly, the price of energy multiplies and companies can no longer run stuff like this for shit n giggles and a minor cost. In parallel to this, some incel creates MakeApp on steroids or the nudifying app but actually legitimately working, and at that point all it takes is for a single /tv/ shitposter to apply it on a minor and society will be out with the torches demanding the government ban the evil incels from using neural networks ever again, permanently turning against them and forcing google to defund their projects. Just imagine a world where every underage actress' nudes have flooded the internet, its virtually impossible for neural networks to survive at that point. This alternative universe will be our reality in 5 years.

[Anonymous No.15716376]

>>15713464
Nice fud faggot alt season any minute now

[Anonymous No.15716409]

>>15716323
>without the ability of transfer learning
Transfer learning is literally a thing though....

[Anonymous No.15716458]

>>15716376
cope

>>15716409
it is but nowhere near what it actually must be
The transfer learning that you refer to is basic shared patterns between both activities. The transfer learning that we need to achieve is having an AI that dominates chess worldwide also become the best hedge fund manager in the world, or at the very least outperform most hedge funds. Until research into AI develops a technique to transfer learning as efficiently as that, we will never have a true AI because the key component of human conscious is specifically that transfer learning.

[Anonymous No.15716843]

>>15715320
It was his wife bro

[Anonymous No.15716950]

>>15715984
>peak oil
You had me til you said this.

[Anonymous No.15717237]

>>15715984
I literally cringed reading this.

[Anonymous No.15717258]

There is still a lot of organic demand. The problem is that less affordable housing is being built now, so people turn to flips.

[Anonymous No.15717264]

>>15713607
Short S&P 500.

[Anonymous No.15717876]

>>15716175
You’re like a little baby

[Anonymous No.15717936]

>>15715984
This is all just absurd. Peak oil?

How many years now have people been shilling this. The decline will be gradual, not like this /k/ innawoods scenario.

[Anonymous No.15717957]

>>15713464
Go on...

[Anonymous No.15718017]

My parents bought two “investment” houses at $600k each at 6% interest Adjustable rate mortgage. When I told them this is probably not a good idea they looked at me like I’m retarded and said real estate only goes up.

How badly are they ganna get rekt?