/biz/ - Business & Finance

[Anonymous No.18540016]

Real estate value crash when? I want to buy a house while the non-essentials are suffering

[Anonymous No.18540076]

Where should I move? Mississippi or West Virginia? WV has mountains and less blacks and MS has warm weather and more job opportunities (I think)

[Anonymous No.18540130]

>>18540016
it'll crash again with this next recession we're heading towards. I plan on buying rental property from landlords who can't afford mortgage because renters unable to pay rent. Then I get to relax and live off of wagies for the rest of my life.

[Anonymous No.18540134]

>>18540016
Why are houses so expensive bros

[Anonymous No.18540146]

>>18540130
How do you actually get tenants that aren't retarded niggers that put holes in the walls?

[Anonymous No.18540261]

bump

[Anonymous No.18540282]

>>18540146
vet them, don't rent out to wild college kids, and check up on the apartment once every few months for a wellness check.

[Anonymous No.18540303]

>>18540282
>check up on the apartment once every few months
How do you do that? You're not legally entitled to enter the premises

[Anonymous No.18540312]

>>18540134
HOAs fucking with local zoning laws
landlords stretching their credit to buy up properties
the absolutely rigged and flawed system that funds public education off of property taxes
NIMBY boomerfaggots chimping out at the slightest possibility of new construction happening within 10 mile radius of their cardboard mansions

[Anonymous No.18540374]

>>18540134
They aren't. Millennials expect the best of everything for free

[Anonymous No.18540390]

>>18540374
kys

[Anonymous No.18540413]

>>18540312
Nimbys are based

[Anonymous No.18540414]

>>18540146
judge them by the content of their skin color

[Anonymous No.18540415]

>>18540374
>Millennials expect the best of everything for free

$250,000 for an entry level 2br/1bath in a nice city with decent earning opportunity is not "the best of everything" and it's certainly unreasonable, kike.

[Anonymous No.18540428]

>>18540374
spotted the (((landlord)))

[Anonymous No.18540454]

>>18540374
Based boomerfag

[Anonymous No.18540465]

>>18540390
You seem angry . Get a job save your paycheck buy a house for cash in 2 years

<bbbut boomers got 17 mcmansions for free

Fine be a wage slave and rent faggot

[Anonymous No.18540484]

>>18540374
You could buy a home in the 50s with 1 paycheck, if you don't think people want to go back to that type of market you're just being retarded
>>18540413
This

[Anonymous No.18540505]

>>18540484
By one paycheck I mean a person with a job could own a home, not literally one paycheck.

[Anonymous No.18540545]

>>18540484
You can do that now if you give up your weed, avocado toast, dragon dildoes, anime figurines, iPhones etc. Grow up

[Anonymous No.18540550]

>>18540303
I mean driving by once in awhile, not stalking but just to see if they have some nigger party going on. If so call them and be like
>"hey just wanted to check up and see if everything is ok, I got a noise complaint submitted to by office"
>>18540374
Wages have stagnated and barely moved in decades. Productivity is way up and people are working longer hours and harder than ever before, and getting paid less for it

[Anonymous No.18540557]

>>18540545
Confirmed bait

[Anonymous No.18540572]

>>18540374
>>18540550
(cont.)
Not to mention that the cost of living, from the prices of homes to what things cost at the grocery store, have quintupled in recent years.

in short, kill yourself you boomer fuck

[Anonymous No.18540592]

>>18540550
For some reason millennials think if they complain enough they will go back in time 75 years not to a real place but to one of their imaginations when everyone got everything for free

[Anonymous No.18540609]

>>18540545
damn,....freaking based here

[Anonymous No.18540624]

>>18540572
Things are cheaper now than they ever were compared to salaries. Even houses. Even niggers are making $75,000 a year. Do yall even have jobs? Grow up

[Anonymous No.18540650]

Why dont you losers buy a house and have your friends pay your rent? That's how gen x did it

[Anonymous No.18540659]

>>18540624
Nice (You) farm you got here. Keep up the good bait.

[Anonymous No.18540702]

>>18540303
>How do you do that? You're not legally entitled to enter the premises
The owner of a property is not allowed to enter the property?

[Anonymous No.18540726]

>>18540016
There will never be a real estate crash. Non-essentials were never going to buy real estate anyway.

[Anonymous No.18540769]

>>18540016
Home values will be down 40% by EOY in all markets.
>No one is buying
>Massive unemployment
>Brick and mortar retail and small businesses are going bankrupt.
>1/3 of rent is not being paid
>No one is using airbnb
>Flippers are sitting on empty properties.
>There are more than nine million second homes in the U.S. that may or may not be financially viable given the depth of the current recession.
>About eight million landlords who own between one and 10 properties accounting for half the nation’s rental properties. Financial duress will come swiftly for those carrying multiple mortgages.
>As many as 30% of Americans with home loans, or some 15 million households, could default if the nation’s economy remains closed up through the summer.
>Illigal immigration has been halted from the virus.
>Interest rates are already near 0 and can't really go much lower.
>JPMorgan has bumped its loan requirements to 20% down and 700 credit score.
>The jumbo mortgage market is disappearing.
>list prices are already down 6% in april

[Anonymous No.18540772]

Am in California.
My grandparent's next door neighbor who was a sweet old lady passed away and the house didn't even look that great and was in honestly pretty bad commission, and the people who came in and bought the place paid maybe a little less than a million for it.

It's not only ridiculous that people would charge that much money for a property, but obscene that anyone would pay that amount and reinforce this "million dollar shack" nonsense. I don't get why anyone would pay that much money for a property in a state where your kid might get a cool minimum wage job for 10 years unless you shell out an additional amount for an education.

Everyone's just out to make the biggest buck and the one's who get fucked are those who come after.
But I can't complain because if I had a shitshack with a million dollar valuation I'd probably aggressively pursue getting that much for it, too.

Maybe this is just a human problem.

[Anonymous No.18541807]

>>18540772
its because 95% of the population lives in dense cities by the coast where the weather is nice. supply & demand.

[Anonymous No.18542886]

>>18540016
Only certain places will crash, the mega cities and the suburbs around them will be hit the hardest when all the remote workers realize they can live in Idaho and and still program. The Midwest and Rockie Mountains will see housing prices double or triple in some areas.

>>18540772
The West coast has tons of million dollar shacks in amazing locations with incredible views. Highway 101 and land around it is very undervalued.

[Anonymous No.18542916]

>>18542886
This is what I'm counting on. We're witnessing a paradigm shift for wagies figuring out that they don't need to be in the office from 9-5 and they'll sell their properties to have significantly higher standards of living.

[Anonymous No.18543734]

>>18540076
Mississippi. I think the American South is akin to South Africa these days. Self sufficient whites and packs of niggers. Incredibly based.

[Anonymous No.18543930]

>>18540772
I envy people in Cali. It is not cloudy, cold, or windy. Hard to put a price on that level of comfort.

[Anonymous No.18543953]

>>18540134