/biz/ - Business & Finance

[Anonymous No.18265848]

WHY ISNT REAL ESTATE CRASHING!!!

[Anonymous No.18265889]

>>18265848
Market is not real.

[Anonymous No.18265913]

Scam, just like diamonds

[Anonymous No.18265932]

>>18265848
Because the only faggots losing their jobs are the bartenders and people that fold clothes at Abercrombie who lived with 5 other people in an apartment. Most people living in houses still have their job.

[Anonymous No.18265966]

>>18265848
Be patient young padawan, even in '08 (being a RE related crash) didn't crash the market as quick as you think.

[Anonymous No.18266027]

Real estate is an illiquid asset. It takes months/years for a housing crash just because the process of missing mortgage payments/losing your home/etc takes a long time.

[Anonymous No.18266080]

>>18265848
It will.
1) Real estate lags the stock market and unemployment #s <- which is currently ramping up at the highest historical rate.
2) The gov has multiple bailout programs in play for homeowners but all of the money is due back at the end of forebearance period <- this is when the defaults and foreclosures will occur.
3) A 40% decrease in real estate prices is in the cards for multiple municipalities within the next 6-12 months.

[Anonymous No.18266186]

>>18265848
Already seeing 20% to 30% reductions on asking prices in my area. Nobody can buy. Only takes a few desperate sellers. If you refuse to lower your price then you have no influence over the market, only actual sellers do.

[Anonymous No.18266264]

>>18266080
Timing the halving perfect

[Anonymous No.18266278]

it takes a while but the signs are all there

[Anonymous No.18266310]

>>18265848
just wait for unemployment to skip rent payment and see the house of card with leveraged debts coming down

[Anonymous No.18266389]

>>18265848
>>18266080
To drive the point home.

[Anonymous No.18266445]

>>18265848
because if the market acted according to fundamentals all the time, everyone with an iq above 140 would be multi billionaire using extreme high leverages

in markets where leverage trading is an option, the pricing acts irrationally long enough to liquidate most margin traders, even if their fundamentals are correct.


just wait and the crash will come. it'll make '08 look like a minor dip.

[Anonymous No.18266459]

>>18265848
You stupid? You ever have to pay a mortgage?
Wait at least few more months retard. Real estate will be fucked by this time next year.

[Anonymous No.18266508]

>>18265848
Because it is?

[Anonymous No.18266525]

>>18265848
Give it a quarter or two will ya

[Anonymous No.18266632]

>>18266445

[Anonymous No.18266710]

>>18265848
I want the housing market to go up, honestly my boomer parents have a number of houses and if they can break even or close to what they paid, that would possibly mean more money for me.

[Dave No.18266733]

>>18265848
It simply never will.
There is a seemingly endless creation of new credit/money ongoing, the FED (and other central banks) are going to buy and hoard all mortgage debt eventually which they will buy from the institution at ludicrous valuations, interest rates on mortgaged will go into the negatives which will keep prices up as well.
Money does not vanish, so prices will never come down.
Not even if Deagel is correct and the population in the USA halves till 2025. Prices won't crater even then.
Real estate is never going to be affordable again.
Buy now or be priced out forever.
>inb4 time proves any of your rebuttals wrong (as it has done for more than a decade already)

[Dave No.18266760]

>>18266186
Show zillow link.

[Anonymous No.18266796]

>>18266632
HAHAHA noob
19K next week, u buy u rich

easy u dipshit

[Anonymous No.18266834]

>>18266733
Well, Dave, your dogma is clearly speculation and ignores the record high loss of jobs. The USA has never lost more jobs than last month in American history. Ever.
Stocks have deleveraged.
Cryptocurrencies have deleveraged.
Fed has forebearance programs in place for homeowners BUT the money is still due at the end AND many folks don't have income.
The real estate market will also deleverage.

[Anonymous No.18266851]

>>18265848
>no one is paying rent
>no one is using Airbnb
>no one is buying from flippers
>real estate investors are over-leveraged, and their cash flow has taken a huge dive
>unemployment is skyrocketing and no one will be spending any money on real estate any time soon

God tier play is to buy link now, and sell the moon, to buy bottom of the barrel real estate prices in a year or two.

Who else ready to buy up some cheap ass real estate from the kike faggot landlords who sell the bottom??

[Anonymous No.18267063]

>>18266851
Pretty much this. Real estate crashing will take time. We’ve had the stock market crash. The impacts on business are really starting to ramp up where people are losing their jobs. Once enough people lose their jobs give them about 6 months until things start to collapse for people who have up to their eyeballs in debt.

[Anonymous No.18267127]

about to get a new mortgage. should I get fixed rate or nah?

[Anonymous No.18267153]

>>18267127
100%
Prices go down, rates go up

[Anonymous No.18267413]

>>18266632
well the difference is that the market may not crash in USD, it may be the time to crash in uninflatable assets like gold or bitcoin, if the FED prints enough dollars it's physically impossible for anything to crash compared to USD, the crash will manifest in the market value going down when measured in gold or bitcoin

[Anonymous No.18267484]

I’m so ready to buy some boomers house or some kikes air bnb

[Anonymous No.18267561]

>>18265848
Real estate prices move in the summer, almost always flat otherwise. Expect a fucking bloodbath this summer because originators don't want to be stuck with mortgages on their books, and mortgage origination is basically frozen right now. Some banks don't even want to originate FHA loans.

Nobody will be able to get financing in a terrible summer season. Home prices will fall off a cliff, probably much faster than 2006-2011 period. The question is the degree to which they fall.

[Anonymous No.18267568]

>>18266834
>Well, Dave, your dogma is clearly speculation and ignores the record high loss of jobs.
This will not affect prices. The credit/debt/money already created and in circulation will not be reduced through this.
Real estate is not affected by job losses.
The credit is still there, the real estate market can be literally frozen in time if the FED is holding all the debt, which they will eventually. Then the big firms and the FED can steer supply and demand through reducing and increasing supply regionally.
It worked before, albeit on a smaller and less sophisticated scale as the big firms and banks were simply sitting on their real estate assets and held them off market.
It will happen again, just on a more larger scale.
There will be no losses for any institution and the rights to ownership will be held be the issuer of credit/debt whic his the FED.
Also "deleveraging" means nothing.

[Anonymous No.18267637]

>>18267127
Yes. If we have inflation, you have a free house. With a floating/adjustable rate, you will get cucked by inflation and probably go into bankruptcy.

[Anonymous No.18267676]

>>18267568
Pretty good take desu.
The Fed has to keep RE prices high; if they fail, the whole financial system implodes.

I'm less sure that it's going to work this time.

[Anonymous No.18267734]

>>18265848
Wait until the virus lockdown goes away.

[Anonymous No.18267755]

>>18265848
give it between 6-18 months

[Anonymous No.18267766]

When is the best time to buy a house

[Anonymous No.18267827]

>>18267766
When I am done buying all of the good deals

[Anonymous No.18267846]

>>18266733
Oh, no no no no HAHAHAHAH

[Anonymous No.18267854]

>>18267568
>the real estate market can be literally frozen in time if the government is holding all the debt, which they will eventually. Then the big firms and the government can steer supply and demand through reducing and increasing supply regionally
Literally socialism

[Anonymous No.18267864]

>>18265848

Because in a world of infinite money only real things have value.

We are going DeFi bro dollars are fucked.

They just printed 6 trillion and all the banks in the USA only hold 16 trillion. We are lucky the housing market has not gone up desu

[Anonymous No.18267869]

>>18267846
Just wait. The dip will melt faces. The whole "real estate" is the best investment mantra will leave many absolutely JUSTd

[Anonymous No.18267874]

>>18265848
Just wait 12 to 18 months and you'll see some shit.

[Anonymous No.18267907]

Commercial real estate will be the first domino to fall when companies start going fully remote. Housing will fall next when people start realizing cities are a meme and spread out.

[Anonymous No.18267908]

>>18267846
Except we're supposedly halfway down that contraction...?? Housing prices aren't at 90's levels

[Anonymous No.18267944]

>>18267568
>Real estate is not affected by job losses.
What? The problem, Dave, is that you act like the law of supply and demand does not exist AND you also incorrectly assume that OP is referring to the "housing assets" that banks hold in their banking book.
You need a refresher on how the law of supply and demand directly affects the transactional real estate market:
https://www.investopedia.com/ask/answers/040215/how-does-law-supply-and-demand-affect-housing-market.asp

[Anonymous No.18267966]

>>18266710
> if they can break even or close to what they paid
They won't.

[Anonymous No.18267997]

>home values in my town are still steadily increasing
>/biz/ keeps shrieking that home values will spiral out of control everywhere without exception
Damn it feels good to live in an affluent white town.
>NOOOOOOO YOURE DELUDED ITS GOING TO HAPPEN
My town home values dipped less than 5% in 2008-2009. Seethe and cope that you all live in niggerdens

[Anonymous No.18268031]

>>18267846
2015 prices were higher than 2007 prices in good areas though.

[Anonymous No.18268047]

>>18267997
>My town home values dipped less than 5% in 2008-2009
Me, me, me. Grow up.
You miss the forest for the trees.
A 40% decrease in real estate prices is in the cards for multiple municipalities within the next 6-12 months.

[Anonymous No.18268094]

>>18268047
It's his forest you retard, his trees.

MUH AMERICAN PRICES
fuck off housing market is local

[Anonymous No.18268098]

>>18268047
>Me, me, me. Grow up.
says the NEET
>A 40% decrease in real estate prices is in the cards for multiple municipalities within the next 6-12 months.
Probably but mine won’t be one of them, thus I do not care. My family, loved ones, and neighbors will be fine. I don’t care what happens to Queso Gonzalez in Chicago or wherever the fuck. Urbanites deserve everything bad that happens to them.

[Anonymous No.18268119]

>>18268047
>Me, me, me. Grow up.
>You miss the forest for the trees.

[Anonymous No.18268160]

>>18268094
This except I am American. So your point is even more correct about prices being local: the housing correction is going to happen on the coasts and in a handful of major inland cities, probably Chicago, Minneapolis, and Atlanta. Maybe Denver but I doubt it.
If you don’t live in those places you’re fine.

[Anonymous No.18268172]

>>18268098
>Probably but mine won’t be one of them, thus I do not care.
Nailed it. Reading between the lines, you won't be where the $$$ is made either when real estate plummets.

[Anonymous No.18268184]

>>18267854
>the government
No, this is where you are mistaken and bigly so.
It is not the government! It is the central bank, the issuer of debt and credit.
Governments are indebted in products which are issued by and owed back (with interest attached) to central banks.
Central banks (in terms of pyramid hierarchy) reside LEVELS ABOVE governments and nations.
It has nothing to do with any of the *isms.

[Anonymous No.18268269]

>>18268172
>you won't be where the $$$ is made either when real estate plummets.
Au contraire. Since my home value won’t plummet while others do, I will be able to be one of those despicable out of state investors that buys up properties in the new cheap areas and screws over the locals.
Californians and Chicagoans did it to my state for years. I can’t wait to return the favor.

[Anonymous No.18268277]

>>18267063
>mr shekelberg goes bankrupt
>he sells his properties for pennies on the dollar
>please anon, the asking price is $40k, I-I can't go any lower, please I have a family
>20k take it or leave it
>b-but I paid $400k
>time is money schlomo, do we have a deal or not?
>y-yes sir

it's gonna feel good anons, it's gonna feel very good

[Anonymous No.18268294]

>>18265848
nobody is selling

[Anonymous No.18268338]

>>18268098
>Probably but mine won’t be one of them
Which makes you so sure? I could care less for my house, as my job is essential and I have no debt, but I would not be so sure that the price is stable.

[Anonymous No.18268357]

>>18267846
>>18267908
>>18268031
look in terms of gold

[Anonymous No.18268379]

>>18267944
>The problem, Dave, is that you act like the law of supply and demand does not exist
There is no "law" of supply and demand. There are only preferred patterns of human behaviour enforced by the ruling class.
Laws are man made constructs that can be modified, scrapped and ignored on a whim.

Supply and demand is a man made theory and it's certainly not what you might call a "natural law" as well.
Natural law: a seemingly un-influenceable (by human behaviour or action) outcome to an observable pattern or occurence.
And "supply and gemand" certainly isn't that as well.

[Anonymous No.18268384]

>>18268269
>buying distressed assets that were purchased using leverage
>despicable out of state investors screwing over the locals
Ahh, not into Capitalism. I see now.
Good luck out there.

[Anonymous No.18268389]

>>18267907
>>18267997
CITIES are going to take the biggest hit. Malls, department stores, and retail will be useless, offices will be wasteful for companies to maintain, and millennials have a serious issue living near each other because they're all loud and obnoxious. Cities are going to empty out, especially NYC and SF/LA. The computer scientists that have been holding cities up have been arguing can all work from home and recently gained serious evidence for their case. Many will return to their home towns when they inherit houses or land but keep the job, effectively removing the industry from the population centers.

Small towns in nice geographical areas with low housing prices currently compared to the cities they're around will be 5% plus or minus across the board, being near a nice national park is going to be the best safe haven for real estate.

This is what happens when we let people eat bats.

[Anonymous No.18268408]

>get a flu
>sell your house on -70% off

Uhhhhh

[Anonymous No.18268418]

>>18268379
>Supply and demand does not exist.
This is where I say:
let's agree to disagree.

[Anonymous No.18268439]

>>18267846
Martin Armstrong and you viciously BTFOd with one simple chart.

[Anonymous No.18268452]

>>18265848

It takes around 6 months for a foreclosure. So you have to wait.

[Anonymous No.18268518]

It takes months for people to fully default. We wont see a crash until mid summer at the earliest. Save save save until then.

[Anonymous No.18268540]

>>18265848
Can't see it crashing. Infinite immigration will prop it up, Republicans love that cheap labor, Democrats love imported voters and boomers love their 500k shack by the river. Fundamentals be damned

[Anonymous No.18268566]

>>18268384
I can smell the takeout Chinese food and severed foreskins in this post

[Anonymous No.18268647]

>>18268540

Yeah boomers are all about cannibalizing the next generation for their own prosperity. It's sickening.

[Anonymous No.18268878]

>>18265848
Because it's been priced in

[Anonymous No.18268910]

people who lost their jobs couldn't afford houses anyway

[Anonymous No.18268959]

>>18268910
literally everybody with a job can afford a house

[Anonymous No.18269398]

>>18265932
Wrong, most of my devbro's are losing their positions. I went from making 130k to 0 over a friday evening and am now applying for unemployment. It's hitting tech as well.

[Anonymous No.18269503]

>>18269398
Large, Internet based companies are fine. I work at Amazon and we are still hiring like mad

[Anonymous No.18269569]

>>18265932
My mom's a small business owner and had to shut down, she now has no income and is without a job.

[Anonymous No.18269654]

>>18268910
You can "afford" a house with $0 and an approved mortgage application, dude.

[Anonymous No.18269661]

Human population can go up infinitely, while land is a limited resource. Mega apartment skyscrapers will be wanted on every plot of land in a few centuries from now.

[Anonymous No.18269733]

>>18269654
>You can "afford" a house with $0 and an approved mortgage application, dude.
what a dumb comment. you are so dumb

[Anonymous No.18270548]

>>18265932
Wrong restaurant and small retail owners too

[Anonymous No.18270636]

>>18265932
youre so dumb it hurts

[Anonymous No.18270670]

>>18269733

>tfw bought my first house with zero down and zero cash to close

cope junk credit fag

[Anonymous No.18270703]

>>18268647
You pretend like you wouldn't do it too if you had the chance to make a profit

[Anonymous No.18270725]

>>18270670
its like you don't understand what "afford" means. even if you pay with zero down, you still need to afford the mortgage. ppl need jobs to have houses. you fucking dunce

[Anonymous No.18270771]

>>18267907
>Commercial real estate will be the first domino to fall
No. There won't be no dominos falling. There won't even be any dominos in the first place.
Commercial real estate (through REITs, MBS, etc., etc.) will be bought up entirely by the FED (and other central banks ins their respective countries) and the properties - albeit empty en masse - will simply be held off market.
There will be no market impact because there won't be a market anymore. Supply & demand is a meme.
Time will prove most rebuttals wrong.

[Anonymous No.18270812]

>>18270670
Zero down and zero closing is an amazing deal. I'll take a hundred such houses. Rent them, pay myself a huge salary, until my company declares bankruptcy. Repeat. Win presidency.

[Anonymous No.18270856]

If 240 breaks 228 is next support

[Anonymous No.18270880]

>>18265848
We're a month in give it time

[Anonymous No.18270911]

>>18265848
https://www.youtube.com/watch?v=kcGqkvjKCvA&list=PLvcA1yhKlLslW_iRIgOJm7Q2xTb11fN5M
I'm giving you the real answer OP if you bother the watch the first 2 videos.

[Anonymous No.18270948]

>>18265848
Real estate is the only REAL TRUE asset. Gold, stocks, crypto, fine and now finer than ever. But LAND, BUILDINGS, for people to live in. Priceless.
Even if that market fluctuates, and has crashed before. Real estate will and can never be wrong.

[Anonymous No.18271117]

>>18266733
This anon is right. Prices will go up because the dollar will become more worthless. Real estate is a hedge against inflation. However, it'll get to the point where a mobile home in bumfuck Alabama will be worth 5 million dollars but the owner won't even want the dollars because they're that worthless.

[Anonymous No.18271164]

>>18265848
According to some guy on Bloomberg, the mortgage finance industry will collapse this month along with real estate prices.

[Anonymous No.18271196]

>>18265848
No buyers on the market. How long do you think it will last before it implodes?
>NOT LONG

[Anonymous No.18271231]

>>18271117
True dat.

[Anonymous No.18271292]

>>18265848
Too early, it will take a few months to fully start crashing. The average mortgage foreclosure doesn't even begin until 3 months of missed payments.

[Anonymous No.18271316]

>>18271117
Can't wait for the dollar to become worthless so I can pay off the home

[Anonymous No.18271340]

Jobs? You guys still do those? I have enough liquid cash to float for 10 years. This is just reminding me I shouldn't have this much in cash.

[Anonymous No.18271436]

Let's play a game.

House one month ago was selling for 330k, 3 bed 1 bath, one integral garage, tiny lawn.

Now you can't buy or sell a house because it is non essential.

What is the house worth?

[Anonymous No.18271456]

>>18271436
gay game; not playing

[Anonymous No.18271470]

>>18271436
The answer is you can't divide by zero because it is undefined.

Seller wants their 330k but there is no buyer. So you can't determine a price.

[Anonymous No.18271599]

>>18270948
Yeah I've come to the conclusion that having land is more important than holding whatever other assets. Ensuring you own at least one parcel is foundational.

[Anonymous No.18271619]

>>18271470
The longer this lasts the more desperation for liquidity drives people to make deals that devalue their investments so even when the market isn't posting prices the prices are falling.

[Anonymous No.18271643]

I have money saved up. Now is my time to shine bros.

Fuck getting a new car. I can put down 35k for a house in my state with my gf. We're all gonna make it bros

[Anonymous No.18271668]

>>18271599
Land and real estate is the ultimate store of value as it itself is value and utility. It's even closer to physical tangible value than Gold.

It's like holding food, water and other necessities but it never expires and can be worth a lot of currency.

[Anonymous No.18271676]

>>18265932
>Lifelong NEET talking about jobs

[Anonymous No.18271699]

>>18271619
That smells like an option.
The price is degrading over time also!

So what is the call option to buy a house a 330k worth a month ago?
I don't know, but I know that call us worth jack snot right now!

[Anonymous No.18271717]

>>18271668
why are you posting your dildos on a worksafe board?

[Anonymous No.18271720]

>>18271643
It's just going to be a repeat of 2008. Big firms will buy up everything and will instantly outbid the individual small buyers. If you bid $100,000 for a home, they will bid $130,000 instant CASH.

Real estate tycoons will eat everything up and you won't get any piece of the pie.

[Anonymous No.18271755]

>>18271720
Why you gotta say that? All I want to do is own a home with my qt gf/soon to be waifu. Her and I don't make much money but we've been very good about saving.

[Anonymous No.18271772]

>>18271699
Man I need to proof read my phone posts.

[Anonymous No.18271778]

>>18271720
You're misremembering 2008. Ordinary people got houses cheaper. In fact, housing prices got lower, despite what you believe.

[Anonymous No.18271789]

>>18265848
Because it takes by far the longest to react. Wait for the prices the start dropping. People will be underwater and jobless and the defaults start. That's when the fun begin. This can take a while though but when it starts it could happen rather fast (for the real estate market).

[Anonymous No.18271850]

>>18271778
Well most of my heard anecdotes were similar to my story. I guess it's different by region.

[Anonymous No.18271852]

>>18271668
Land hypothetically has the most tangible value out of all possible assets

[Anonymous No.18271887]

>>18265848
Real estate doesn't crash this fast, it takes months. Step 1 is people can't pay rent and landlords lower the rent. We're still going through this step

[Anonymous No.18271893]

>>18265848
Boomers have to die first

[Anonymous No.18271896]

>>18271789
This.
The stock market bottomed in 2009 but housing didn't bottom until at least 2012

[Anonymous No.18271905]

>>18271852
Land has zero value. Improvements on land do.

[Anonymous No.18271931]

>>18271720
Tycoons will become Onions for the Millennials

[Anonymous No.18271944]

>>18271720
There was plenty of deals to go around. Big companies usually don't want to try and catch falling knives. But if you are looking at cash flow you could have made deals while the market was still crashing but not yet bottomed.

[Anonymous No.18271998]

>>18271931
can you explain your memespeak I do not understand

[Anonymous No.18272013]

>>18271599
Absolutely.

[Anonymous No.18272033]

>>18271905
wow this is one of the most retarded things I've seen on this board

congrats!

[Anonymous No.18272050]

>>18271998
Onions green, newfag.

[Anonymous No.18272074]

>>18272033
Think about it. People buy land to farm, to build a house, for extra space to put something or because you don't want to deal with neighbors. A purpose. Yes land is an asset, but land isn't worth much in the ghetto because the houses aren't.

[Anonymous No.18272093]

>>18272050
Unfortunately I'm not a newfag. I just missed the entire onions/onions arc bullshit because of business.

Also I still don't know what you're talking about

[Anonymous No.18272149]

>>18272093
Well if you been here long enough you know the mods do those fag things like replace a common word being used with another one. The boxxy bans still annoy me.

[Anonymous No.18272197]

>>18272149
The rules are different per board so I don't know. I am not a /biz/ regular. In /ck/ and other boards s o y is not autoreplaced w/ "onions" so I was like "why is this guy saying onions to me"

[Anonymous No.18272461]

>>18272197
For a time it was every board.

[Anonymous No.18272732]

>>18272461
Well I didn't really get to type s o y so I never knew/bothered

Maybe I was naive as fuck. I promise I'm not a newfag. I browsed this place since the Zimmerman case. 2012 isn't too newfag, right?

[Anonymous No.18272764]

>>18266027
this. literally no one is dealing with evictions or sales right now. everyone is staying put

[Anonymous No.18273073]

The rules are simple. Have real estate, have at least some gold, and have at least some BTC, then you will survive this

[Anonymous No.18273230]

>>18272732
Apparently it is.

>>18272764
Just found out the restrictions mean I can't move to my new house. Good thing the eviction courts are closed I guess.

[Anonymous No.18273233]

>>18265848
Give it time. Lots of people losing their jobs are renters so they cant pay their rent, which in turn means landlords cant pay their mortgage.

[Anonymous No.18273246]

>>18268098
Don't worry, you'll still pay plenty in taxes to subsidize the cities you hate

[Anonymous No.18273263]

>>18265848
uhh because you need to stay at home during the quarantine?

[Anonymous No.18273389]

>>18266080
Which ETFs do I buy puts on?

[Anonymous No.18273407]

>>18266264
So you expect masssive halving dump??????

[Anonymous No.18273413]

>>18265848
It takes a couple months for a loan to go delinquent then some more time before it’s in default.

[Anonymous No.18273538]

>>18273073
if we hit the point where the dollar truly collapses, a warlord will take your real estate and gold. if youre really that pessimistic, you should be investing in guns and ammo, and moving to rural northern Washington

[Anonymous No.18273566]

>>18271887
How do renters force landlords to lower down the rent:

I’m thinking: hey instead of X can we enter into a new lease where I pay half of X... half of X is literally my unemployment.

Tada new rent at half the price.

[Anonymous No.18273602]

>>18265848
there was a delay the last time it crashed.

[Anonymous No.18273651]

>>18268418
No this is where you call him a faggot nigger

[Anonymous No.18273677]

>>18265848
Because mortgage payments only happen once a month. Have patients. Every month, as more and more investors default on their mortgages, you will see the prices come down. Right now, everyone is holding on for dear life. Next month, you will see things start to go down. This is the first month where people will start to have negative cashflow.

[Anonymous No.18273722]

>>18266080
housing prices will never go down again. instead the dollar will devalue and everyone will get paid the same amount. really housing prices will just go up faster. sucks to be a houselet

[Anonymous No.18273739]

>>18273538
>warlords
>caring for real estate in a post-modern society

Nigga, houses are fucking EVERYWHERE

[Anonymous No.18273745]

I work in real estate(kinda) and I have no slowed down one bit. Rates are low and people want homes. This ill actually INCREASE pricing in my area(NJ) due to people holding back more inventory. Buyers will still be there, but the homes wont.
Hate to burst anyones bubble but this might have a negative effect on real estate. Most current owners refinanced and will hunker down for a year or two. Unless it gets absolutely ridiculous, expect no decrease in price.

[Anonymous No.18273793]

>>18265848
it is. people are panic selling. one of the investors we manage is trying to sell everything she bought in the last 2 years asap. we mostly sell to retarded foreigners from india and china who believe they get good real estate cheap but the prices are stagnating and the outlook is negative.

[Anonymous No.18273819]

>>18273677
>Have patients.
I'M NOT GONNA GO TO MED SCHOOL FOR THIS SHIT

[Anonymous No.18273872]

>>18273538
who says I don't have it all?

[Anonymous No.18274040]

>>18273538
You are the part of this that I would rather avoid, because you are insane. Yes I do own guns myself. Yes I would defend myself. But you are part of a group of people that always wait for it... it will never fucking happen. Get yourself fucking straight in the brain. Try to make the best of this situation!! There is money to be made now

[Anonymous No.18274141]

>>18269398
that sounds like a shit company then, most good software dev companies have the infrastructure to let their employees work from home at times like these, the only people I've seen that lost their jobs so far are ones that work for companies stuck in the 90's

[Anonymous No.18274167]

>>18274141
they may have the infrastructure, but no longer any clients to use it for

[Anonymous No.18274174]

Awww yeah, daddy is gonna get that rental property he always wanted. Crash baby crash

[Anonymous No.18274376]

>>18273566
in my appt building, that's essentially happened. the majority of the renters weren't able to pay full rent. at first, the landlord took a hard stance and wouldn't negotiate. then when he realized ppl just weren't going to pay, he spontaneously had a change of heart and lowered rent.
im assuming similar developments will happen across the US

[Anonymous No.18274386]

>>18265848
Because people have mortgage freezes and aren't being evicted

[Anonymous No.18274421]

>>18269569
My family owns a small chain of dry cleaners. We were actually losing money staying open and had to lay off any employees we had except for the people who does the cleaning, who we only have come in once a week instead of every day.
We're barely "making money" by being open, and even then it's nowhere near enough to pay our obligations, so we ended up having to sign up for the 7a and PPP loans, but after researching it the past few days, it looks like the mom & pop sized businesses aren't getting shit other than a lot interest loan where all the bigger "small businesses" will be getting all the grant money.

[Anonymous No.18274458]

>>18274376
Of course it will happen accord the US, people don't want to lose renters at this time and a good renter is someone you want to negotiate with so you cam keep them. This is going to happen across the world as well.

[Anonymous No.18274513]

>>18266027
This

[Anonymous No.18274584]

>>18267766
When you can afford to buy it 100% cash.

[Anonymous No.18274702]

>>18270771
This. Anyone thinking the Fed won't provide banks liquidity when 99% of a bank's outstanding mortgages go into default is mistaken. They can drag out the foreclosure process for years and let people stay rent free for awhile. 5 million homeowners haven't made a mortgage payment in 7 years.

[Anonymous No.18274795]

>>18268098
Unless your town has some sort of mini fed, your house is going down. Totally larp, seethe more tranny landy.

[Anonymous No.18274822]

>>18265932
how are you wrong ? the real neets on this board are suggesting that homeowner boomers work at restaurants and aren't chilling working from home

[Anonymous No.18274847]

>>18267997
>Damn it feels good to live in an affluent white town
Those towns are the most leveraged of all. Wages have been frozen for 50 years. All those shitty boats and Harley Davidsons are paid for with HELOCs

[Anonymous No.18274889]

Infinite QE, negative interest rates, and zero reserve rate != real estate crash

[Anonymous No.18275042]

>>18269398
>techie start-up wework neets don't have money coming in
>actual professionals and government workers will lose theur homes even though they work from home with no interruption to their income

[Anonymous No.18275161]

>>18274889
All that does is keep the nominal housing price up. Your $300k house isn’t nearly as valuable in an economy with $5 onions, and $8 tomatoes.

[Anonymous No.18275262]

>>18275161
$8 for a whole truck of tomatoes is pretty cheap

[Anonymous No.18275308]

>>18274376
Man that’s great to hear. I hope these LL take off their dunce hat. Any money is good news at this point.

[Anonymous No.18275326]

>>18265848
SOON™

[Anonymous No.18275333]

How many linkies for a Texas mansion in 2022 ?

[Anonymous No.18275518]

>>18266027
This. Wait a 6 months - 1 year and then buy.

[Anonymous No.18275542]

>>18275161

Except the government will subsidize food to keep costs down, and on the other hand the government will prop up housing prices at all costs.

[Anonymous No.18275654]

>>18271436
The answer os relative.
From the buyers perspective, the house is worth infinity $s.
From the sellers perspective, its worth $0.00.

[Anonymous No.18275768]

>>18275333
only 6,521,739

[Anonymous No.18275774]

>>18275161

MFW I can buy CCL, or a tomato

[Anonymous No.18275957]

>>18268184
This

[Anonymous No.18275967]

>>18268389
>This is what happens when we let people eat bats.

Topkek

[Anonymous No.18276246]

Stats for my town:
Feb: 79 houses sold
March: 4 houses sold

[Anonymous No.18276366]

>>18265848
Credit to debt ratio will fuck millennials, zoomers make a better wage so they might have a chance.
$70k per year and $50k down gets you a $200k house

[Anonymous No.18276456]

>>18275333
Ha, did they order that thing direct from Wal-Mart? I've seen motels that looked classier. You got this off McMansion hell?

[Anonymous No.18276489]

>>18265848

Because it's just the first. A lot of banks got ZILLIONS from the government, so they were able to grant an extension to their homeowners, some of several months. I'm expecting a big real estate downturn but that money printer, damn it go BRRR!

I honestly want every real estate speculator and AirBnB superhost to get BLOWN THE FUCK OUT but I'm thinking the government will bail most of them out.

[Anonymous No.18276496]

>>18269398
>everyone is stuck at home and tech usage has never been higher
>it's hitting tech as well.
is this high IQ bait?

[Anonymous No.18276503]

>>18266834
Ok,
But these companies forced to close will reopen and these folks on unemployment will be working again.
The Gov. will create a stimulus plan or something to bail out the lenders fees accrued

[Anonymous No.18276504]

>>18265848
It takes a few months for companies and mortgages to default

[Anonymous No.18276540]

>>18268277
>implying Shlomo isn't going to be the one offering $20k cash to the bank which is ran by his 2nd cousin

[Anonymous No.18276574]

>>18272033
> these arid salt flats in the middle of fucking nowhere have huuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuge value bro.

[Anonymous No.18276588]

>>18268389
>Cities are going to empty out

I dunno. During previous times of immense poverty people flocked to cities for opportunities. I can imagine the cities attempting to impose their will on the countryside, because they'll need resources like food and raw materials to maintain themselves and prevent civil unrest. Of course we have firearm ownership and rural America (read: right-wing America) hates the city folk (read: left-wing America), so there could be some opposition and migration.

Either way, there's going to be an enormous amount of unrest, crime and suffering in the coming months/years.

[Anonymous No.18276658]

>>18273538
>dollar devalues
>doctors start cannibalising their patients
>engineers start beating people to death with wrenches
>lawyers construct trebuchets out of burnt out cars
>geologist beat preschoolers to death with rocks
>preists strap dynamite to themselves and kill in the name of their one true god
go back to buying out toilet paper you delusional schitzo fuck.

[Anonymous No.18277086]

>>18269398
dev here, our company employees like 25k people. we were told that there's no chance of anyone getting laid off, and they gave every employee at the company a bonus for morale

[Anonymous No.18277540]

>>18267568

>the real estate market can be literally frozen in time
>the big firms and banks were simply sitting on their real estate assets and held them off market
There will be no losses for any institution and the rights to ownership will be held be the issuer of credit/debt whic his the FED

This is an excellent take. Essentially, Banks will evict people and hold their properties to create scarcity on the market and avoid a price crash. However, that can only be true if people don't destroy the properties or squat - creating an expensive liability.

[Anonymous No.18277607]

>>18273722
how do you work that out with a demographic cliff edge? Unless you just accept millions of migrants year on year

[Anonymous No.18278423]

>>18271905
I'll tell you what, you take your house and crops and shit with you and I'll take your land off your hands for free.

[Anonymous No.18278429]

>>18265848
Bailouts and mortgage freezes across the entire planet. AFAIK the latest to expire are approx 6 months from now.

[Anonymous No.18278430]

>>18273538
One of my mates will be the warlord and I'll go join him if things get that bad.

[Anonymous No.18278458]

Give it time. Price cuts and foreclosure proceedings are up across the board.

[Anonymous No.18278469]

>>18267869
>he whole "real estate" is the best investment mantra will leave many absolutely JUSTd
Real estate is the best investment though. Land and the means to defend it are the only real assets in the world. Buying land you can't afford isn't a good investment though.

[Anonymous No.18278523]

>>18266760
Lewd Dave.

[cunt No.18278574]

>>18265848
there is a lag tome for foreclosures, give it a mouth or two

[Anonymous No.18278812]

we've only had 1 rent payment since rona started. just wait a bit, people will start missing payments

[Anonymous No.18279825]

>>18266027
another this. real estate isnt bitcoin or the dow. its not just going to go poof and make every $1 million san fran cuckshed now $40,000 overnight. monitor any local listing site, and the signs of a recession in real estate are there. there are more and more new listings, older listing arent selling, and the prices are being dropped. be patient niggers

[Anonymous No.18280048]

>>18277540
Squatters kill this theory.
At least in California. These motherfuckers have renters rights if they went about squatting the “right way”.
Utility companies will provide services without a lease. Establish a utility service (cable, internet, gas, etc) move in a couch , dresser, tv, pots and pans.
In the static California, you’ve just secured yourself a year of 100% free living. Keep in mind folks who do this are mentally unstable. Basically now your squatting neighbor is a strung out vato and brings the essays to practice the crip walk .
Scary shit homie

[Anonymous No.18280249]

>>18279825
Holy kek. You’re right. Literally houses in the area I was interested in are going for 400k, now i see one at 175k.

[Anonymous No.18280380]

>>18265848
It is. 1.4% down in norway in march. Feb was good. April will be worse. And then it will continue that way for a long ass time.

[Anonymous No.18280455]

Sucks this is the summer I'm finally ready to buy a house.
I can't renew my lease again, so I have to move in a few months no matter what.
I don't want to move into another rental to try to time the crash (which who knows what's going to happen) ... thinking about just buying anyway and crossing my fingers.
No I can't pay cash, but I can make a 20% downpayment. Frankly I'm more worried about all the money I currently have in USD, and that crashing before I spend it.

[Anonymous No.18280483]

What's the biggest mortgage I can get with a $3000 downpayment

[Anonymous No.18280498]

>>18269569
Thats sad

[Anonymous No.18280507]

>>18276496
This
My mini tech biz is making 3x usual profits since coronachan. It's amazing

[Anonymous No.18280579]

>>18280455
Listen asshole. Put that 20% into gold and silver... wait for the reset and the. You’ll be able to buy 20 homes.

[Anonymous No.18280587]

>>18280483
You people are literally retarded. We are going back to pre 1913 cost of homes. It’s all inflationary and will collapse. The only play is gold and silver and then buy assets for literally a penny on the dollar for what it cost you to buy that gold in silver in the currency fiat paradigm which is rapidly closing

[Anonymous No.18280595]

>>18280249
Deflationary collapse of all asset prices on the way. Get Gold and silver and you’ll be a king soon

[Anonymous No.18280653]

>>18268379

Trying to signal your smartness, faggot?

Competition for survival and limited resources is the natural law, out of which supply and demand springs out.

Economics is as real as physics once you look at energy "tradeoffs" in all life forms, niches, ecosystems.

Just that the supply is by the environment and the demand is by all life forms.

And yes, abstract bullshit is indeed bullshit, so there is no laws for real estate or fucking hipster's smoothly delivery services.

[Anonymous No.18280693]

>>18280653
You're a fucking retard, lmao. You're definitely either under 21 or have at most a 5 figure bank account.

[Anonymous No.18280705]

>>18280579
>>18280587
>>18280595
get help bro

[Anonymous No.18280711]

>>18280653
Can someone explain money printer go brrr in regards to transfer of energy

[Anonymous No.18280719]

>>18280579
Sure, but where do I wait for the reset? I have to move, so rent for another couple years just to (hopefully) save some money?
Housing crash isn't really the 'sure thing' you're making it out to be. But it is possible - and certainly more likely now than it was a year ago.

[Anonymous No.18280729]

>>18280693

Only the third assumption is correct.

Now fuck off

[Anonymous No.18280768]

>>18280711

Why, that brrrr is a desperate attempt to keep the status quo in a situation which brings inevitable change to whole human society.

Brrr is obviously useless compared to what would happen once infection rates would reach 30%.

Brrrr is a meme. Biology is real.

[Anonymous No.18280781]

>>18280729
seething poorfag, opinion discarded
kys tranner

[Anonymous No.18281007]

>>18280719
Just rent. You’d be better off taking all that money to a roulette table than plopping it down for a down payment on a house. At least you have a chance to not lose it in roulette

[Anonymous No.18281197]

>>18265848
It is now. Zillow predicts the price of everything everywhere is going to drop at a 30° angle at least until next month (I don't think they predict further than that). And yes, I said "everything". If you don't give a fuck about location and you're fine with a fixer-upper, you'll be able to get a crack shoebox in the middle of nowhere for the price of a grocery run soon.

[Anonymous No.18281212]

>>18271470
>actually a real stamp
https://shop.royalmail.com/special-stamp-issues/video-games/video-games-stamp-set

[Anonymous No.18281622]

>>18278469
That is true, real estate and land is the best investment, however it was overleveraged in the recent times and people are in the market that cant keep up with the prices of credit payments.
Now that will crash for the normies, but houses and especially land will always remain being worth something.

My grandfather bought land in 1875, not a lot as it was never cheap but my family owns it to this day. We got paid 20x the amount of money my grandfather invested, which results in a modest 3,7% interest rate per year.

[Anonymous No.18281707]

>>18265848

It is, very slowly at first and then very fast

[Anonymous No.18281714]

>>18266080

Personal debt should not be bailed out, that's a slap in the face for anyone who does save

[Anonymous No.18281743]

>>18269654

Hownis that any different from renting, you don't own the place

[Anonymous No.18281749]

>>18270703

People like you are why we have nonwhites everywhere now

[Anonymous No.18281890]

>>18270812
Spotted the socialist lmao

[Anonymous No.18282075]

WAIT WAIT WAIT ONE MOMENT

WHAT DOES THIS MEAN FOR WHITE PEOPLE RENOVATING HOUSES AND SELL THEM JEWISHLY EXPENSIVE WITH LOW EFFORT AND LOW SKILL?????

I WANT MY SERIES TO CONTINUE

[Anonymous No.18282528]

>>18265889
/thread

[Anonymous No.18282542]

>>18265932
You never heard about the domino effect?
Everyone will feel it.

[Anonymous No.18282641]

>>18269503
A fellow AmazonChad, well met friend.

[Anonymous No.18283131]

>>18266389

[Anonymous No.18283172]

>>18283131
When the real panic sets in, how cheap do you think ill be able to buy a house for in silver coins?

[Anonymous No.18283185]

>>18265848
>people still need homes to live in
>interest rates are lower
>mortgage freezes

Im guessing nobody wants to sell their primary residence right now. Shit could crash if landlords are forced to liquidate, there will be no buyers knowing they can't reliably charge rent to tenants.

[Anonymous No.18283326]

>>18280653
Seethe much?
>Economics is as real as physics
These thought and behavioural patterns are what have brought us into this mess in the first place.
Economics are man made doctrines of preferred human behaviour perpetuated and inherited through memetics.

[Anonymous No.18283460]

>>18271164
Post link

[Anonymous No.18283642]

>>18281622
>Selling the family farm for a slight profit.
t.boomer

Was that even adjusted for inflation? Which averages 3%/year. Did you just sell your family's heritage for 0.7%? Wait, that's a comma. Oh no, I thought euros knew better.

>>18281890
I don't see how? Oh, did you think I was joking? Just about the president part.

[Anonymous No.18283670]

>>18267676
>>18268379
>Laws are man made constructs that can be modified, scrapped and ignored on a whim.
>>18271720
>>18273538
To everyone saying the FED is going to buy everything to keep the system going is forgetting the physical world exists. If a bank tries to evict an entire neighborhood there will be riots. If people see empty city blocks and full supermarkets while they're starving and homeless there will be riots. If these fucking celebrities keep making feel good videos while hospitals are overwhelmed there will be riots. Rioting destroys all land value if done properly.

>>18276588
If they start handing out food sure people will flock to the soup kitchens, or if they let people squat in empty huge buildings together, but transportation costs for food are huge. If farms are producing all of it while cities are just violent crime infested concrete hell-holes I can't imagine many young people staying.

[Anonymous No.18283679]

>>18282075
Person of African heritage, that shit is speculation with huge losses barely better than gambling even when the housing market is good. It's just a show.

[Anonymous No.18283716]

>>18281622
>your grandfather
>1875
The scary part is this is actually possible

[Anonymous No.18283745]

>>18283716
>tfw If you were born in 1840 and had a kid at 70 in 1910 and then your kid had a kid at 70 in 1980, you would have a 40 year old grandson.

[Anonymous No.18284321]

>>18269398
Larpiest larp ever. Devs already usually have wfh arrangements even in normal times (but usually limited to 1 day a week) because it makes 0 difference. Tech companies are the only ones truly immune to this, which is why they're not good recovery buys (they won't soar as high as other things) but are good choices for 'survival' (they'll go back to normal levels before anything else does).

[Anonymous No.18284332]

>>18265848
>>18265932
Crisis hasn't even begun yet

[Anonymous No.18284421]

>>18265848
>everyone wants houses for cheap
>why isn't the house price crashing

[Anonymous No.18285394]

>>18284421
depending on geography, the house price is over 2x what people would like to pay, if people saw the price fall they are willing to wait a long time before buying in the current market (of course, not true everywhere). The demand therefore does not truly exist; not to mention people losing jobs = less demand than even usual.

[Anonymous No.18285652]

>>18281622
I wish Anon would come back to explain these contradictory statements:
>my family owns it to this day
>we got paid 20x the amount of money my grandfather invested
So does your family own the land or did your family sell the land?

[Anonymous No.18286524]

Patience (patients) Daniel san