/biz/ - Business & Finance

[Anonymous No.21973606]

Why has the house market gone up even more? I thought Covid was supposed to crash it...

[Anonymous No.21973833]

>>21973606
Bump

[Anonymous No.21973964]

>>21973606
Because of a trillion dollar stimulus aimed at propping up the system. Feel bad for shorts but the market is going to be going up and up for the next few years. On top of that, we're finally starting to get this COVID-19 virus under control and we vastly overestimated its death rate back in March/April.

[Anonymous No.21974349]

>>21973964
So basically

>not enough people died as expected

[Anonymous No.21974390]

>>21974349
no, the Fed backstops mortgages.
If the market falls too much they just print money to keep the bubble going forever.

[Anonymous No.21974409]

People fuck like rabbits and there is not enough houses for their children to live in so prices go up you mongoloid

[Anonymous No.21974457]

Because Jewish regulations and construction price gouging has stopped any affordable housing from being made. We're strictly a 3000 SQ ft+ cardboard mcmansion country now.

[Anonymous No.21974464]

>>21973606
i was waiting for the crash to buy a house but then i said fuckit and i bought one and it's already gaining value.

a mortgage is an enormous bet AGAINST the dollar. . . that sounds pretty fucking sweet to me.

[Anonymous No.21974480]

>>21974390
Jesus Christ lmao Boomers can't stop winning

[Anonymous No.21974567]

>>21974480
bingo. Luckiest generation in history.

[Anonymous No.21974597]

Wait to boomers start really dying off and attempting to sell theory house only to realize nobody below 40 can afford their asking price. Still have a while to go for that.

But in terms of prices keep rising, it's because of the stimulus packages every country in the west has as well as Covid coming to an end. Also, the recession in each country is expected to not last that long compared to 2008.
>inb4 Covid not coming to an end
It is. Most economies are now fully back open, billions is being invested into a vaccine, and corporations aren't going to allow themselves to lose more profit because a bunch of fat people and boomers die from some meme disease. Money is more important to governments unfortunately.

[Anonymous No.21974648]

>>21973606
The housing market doesnt make sense to me. There are new sub-developments and neighborhoods going up everywhere. How can an existing house, especially one that's more than a few years old, increase in price when there are literally hundreds of houses being built within 30 minutes of it?

[Anonymous No.21974703]

boomercide NOW

KILL ALL BOOMER

[Anonymous No.21974707]

>>21974409
>People fuck like rabbits
Except me

[Anonymous No.21974716]

>>21973606
Many people are fleeing certain areas such as cities. The areas they are heading to are experiencing an increase in prices due to supply/demand.

Places people are not heading to are cheaper.

[Anonymous No.21974739]

>>21974716
La fag here. Prices have gone up not down even though its a big city. Not sure about downtown though

[Anonymous No.21974754]

>>21974716
>Places people are not heading to are cheaper
For example

[Anonymous No.21974796]

>>21974754
$1000 to be brutally raped and murdered? seems a bit high

[Anonymous No.21974807]

>>21974754
lol 39 photos?? what more do you need to see

[Anonymous No.21974828]

Please don't let this thread die. I want a deep and detailed housing market discussion, the only reason I'm in the stock market is to save up for a house.

I'm not in a rush to move, but I want to save as much money as I can so when a crash happens, I can buy it straight with cash without debt

[Anonymous No.21974830]

>>21974807
Go look at the insides of some of these homes. If the people don't kill you, the black mold will.

[Anonymous No.21974839]

Supply is nonexistent right now, at least with buyer demand. However, evictions and foreclosures finally begin next week. The shitstorm be upon us. It wont crash, but itll trickle downward for a year

[Anonymous No.21974852]

>>21974707
Just get a Fleshlight

[Anonymous No.21974948]

and just for funsies: https://news3lv.com/news/local/thousands-of-mgm-employees-to-be-laid-off-on-monday

MGM resorts is laying off about 1% of nevada's total workforce on monday. now add in the fact that literally half of adult independent americans dont have a thousand bucks for emergencies

[Anonymous No.21975457]

>>21974648
Government officials such as assessors are all corrupt kikes who are literally under China's pocket. They give Boomer's an exaggerated estimated value price of their home then greedy and scared Boomers sell them at a higher price because fuck you I got mine. What happens next you wonder? Boomers will get a reverse mortage which means the bank itself will slowly pay them for their own home until they die or rich Chinese businessmen buy them.

But this is all just my theory.

[Anonymous No.21975495]

>>21974754
>brave browser

Based

[Anonymous No.21975789]

>>21973606
There are a lot of factors at play, but right now it’s specifically because of supply and demand. Unless you are buying up farm land, actual homes for sale are at an all time low or extreme low for most areas. Given that no one ever wants to lose money selling a house, they ask for more than it should be worth based on appraisals, nearby homes for sale, intricate details on remodeled areas vs total sqft, number of bathrooms, etc. With inventory at an all time low and basically a surplus of realtors as well as real estate agents are essentially overlapping who is trying to buy and sell. It’s even more cut throat than usual in the real estate market and bidding wars are almost guaranteed. 10-20k over asking is the new norm and that’s assuming that it’s not a rapid growth area. “Good” real estate is hard to find whether good tillable acreage for competing farmers, good commercial land for building a new corporate office/Walmart, or simply because no one wants to live near niggers. I don’t mean that to be offensive, but realistically, the prices of homes and land skyrocket the farther you get away from them. I cannot say I blame people or the prices for doing this. I paid over asking to get into an exclusive area and within 5 years I have gained 80k in equity based on most recent appraisal required by my credit union as part of the ongoing mortgage. COVID, protesting, election year, China-Russo-American war; all of it is white noise. Good land is not being created and great land accelerates because of usual (not in this black swan event market) business growth. You think the land in Cisco Texas was worth anything when Hilton bought his first hotel? He used the cheap markets with promise and built an empire, not a 1k McMansion designated section 8

[Anonymous No.21975940]

>>21974464
Same. Probably paid a bit too much but got a 1.99% mortgage. I couldn’t see myself paying cash for a long time and who knows what’ll happen before then.

[Anonymous No.21975966]

>>21974464
Same. Probably paid a bit too much but my mortgage is 1.99%. I couldn’t see myself paying cash for a long time and who knows what’ll happen before then.

[Anonymous No.21976064]

>$40,000 in savings
>$5000 in crypto
>$2000 in stocks
>net of $25k/year
>indebted $300/mo in student loans
>mom kicking me out this year saying I "need to learn what it's like to not be able to save money"
I've never had to buy a house or rent before bros. New Jersey is a fucking hellhole in terms of price, but it's where all of my loved ones are.

How the fuck do I live? Do I rent? Do I put a downpayment on a condo? I was praying covid would obliterate the market but nothing is happening.

[Anonymous No.21976087]

>>21973606
They need to sucker in more goyim before they crash it

[Anonymous No.21976102]

>>21974409
US native population growth has been negative for the last 40 years.

[Anonymous No.21976121]

>>21976064
Move two hours west and go to Pennsylvania. Close enough and cheaper prices.

[Anonymous No.21976127]

a bunch of rich techies are fleeing california and buying up homes in cheaper cities with cash

[Anonymous No.21976132]

>>21974707
35% of men havent had sex in the last year

[Anonymous No.21976167]

>>21976121
I was eyeing Pittsburgh, but I feel like my lack of knowledge about the state and area could make it risky.

[Anonymous No.21976186]

>>21976064
You have a solid base of assets, I think you'll make it anon, just think small and live within your means.

[Anonymous No.21976216]

>>21976064
You live by goin all in pnk and waiting 3 years. I will screencap this and post when the time comes.

[Anonymous No.21976374]

>>21973606
Access to credit has not yet been cut
Interest rates have not increased
High prices can still be paid

Cut peoples access to magical fish money and the whole fucking housing market will price these boxes realistic very fucking quickly.

[Anonymous No.21976407]

>>21976064
>$40,000 in savings
>$25 net salary

w-wait what?

[Anonymous No.21976443]

>>21976374
Prices have been rising relentlessly for 50 years. Why cant they just keep going

[Anonymous No.21976445]

>>21976407
Nigger how are you making barely above minimum wage and holding all these assets and savings?

[Anonymous No.21976469]

>>21976443
>Prices have been rising relentlessly for 50 years.
Not at current rates.

[Anonymous No.21976499]

>>21976407
>>21976445
I'm a freelancer. I work from home and only ever leave to get groceries. My expenses these last few years have exclusively been food, health insurance, and rent to my mom. I never travel or purchase anything for myself.

[Anonymous No.21976903]

>>21974597
people just sell to china if the locals can't afford it

[Anonymous No.21977052]

>>21973606
it will crash once the money printer stops working. don't be retarded, be patient. we've been at this for only 6 months. the 2008 crisis lasted more than a year. vaccines aren't expected until next year.

[Anonymous No.21977077]

>>21977052
2010 was rock bottom. we just say the "2008 crisis" since it started then. 2009 was lol okay this is bad, 2010 all hope was gone

[Anonymous No.21977102]

>>21976499
>rent to my mom
Let me guess, you are American

[Anonymous No.21977114]

>>21973606
It goes up Only republican states

[Anonymous No.21977138]

>>21973606
Just wait. People can’t afford to make mortgage payments with COVID pricing and eventually the banks will stop giving people the benefit of the doubt. The reckoning is coming. In 1 year the housing market entry prices will be down 25%.

[Anonymous No.21977333]

>>21976064
>mom kicking me out this year saying I "need to learn what it's like to not be able to save money"
What kind of logic is this? If I had the means to support my child, I would be thrilled to let them live with me for a few years because they wanted to build up wealth. If you were just a NEET, I would understand the desire to push you to do something; but this is just sabotaging your own child, and I don't get the logic. Less and less parents actually care about their children's futures.

[Anonymous No.21977572]

>>21973606
my rowhouse in a medium city has doubled in 3 years

[Anonymous No.21977703]

>>21976064
>mom kicking me out this year saying I "need to learn what it's like to not be able to save money"
What the fuck kind of thinking is this?

[Anonymous No.21977954]

>>21974567
Luck had absolutely nothing to do with it. They just fucked everyone after them.

[Anonymous No.21978007]

>>21977102
>New Jersey is a fucking hellhole in terms of price
...
>Let me guess, you are American
wow, nice job Einstein

[Anonymous No.21978063]

>>21973606
>Government backs every mortgage in the country
>Continuing demand from rich boomers and chinks
>Millennials forced in to big cities for work, eternally priced out

It will never crash

[Anonymous No.21978235]

>>21976064
>$400k all in chainlink
>still live with mummy

[Anonymous No.21978752]

>>21977052
>once the money printer stops working
why should it?

[Anonymous No.21979073]

>>21973606
Houses go up in republican states.
Guess why ?