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/biz/ - Business & Finance


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25944747 No.25944747 [Reply] [Original]

WHERE THE FUCK IS THE HOUSING CRASH? I AM SICK OF SHIT CONSTANTLY RISING.

>> No.25944789

>>25944747
There is no housing crash anon. It'll never happen - hyperinflation is more likely

>> No.25944923

>>25944747
Never

t. investment property owner.

>> No.25944986

um sweetie didn't the fed tell you? everything has to go up always this is the end of history

>> No.25945041

>>25944747
All asset prices are going up due to intentional brrrrrrrring. The musical chairs game has some time left. After that the housing market will need new buyers with incomes to afford mortgages. The question is, do those people exist in sufficient numbers?

>> No.25945058

June.

>> No.25945060

>>25944747
Housing Crash will happen when they colonize the moon/mars.

>> No.25945091

>>25944747
It's going to be a slow bleed until moratoriums go away. Even after I don't think we will get a crash. Long term remote-only jobs will continue to bleed out to cheaper housing markets, but that doesn't mean the expensive markets will go down.

>> No.25945096

>>25944747
commercial real estate crash is what you should be waiting for.

>> No.25945106

>>25944747
Never. You will live in the pod instead.

>> No.25945156

>>25944747
As the other anon said, never. Real estate is the one thing the Fed will keep maintained by any means necessary. It's do or die.

>> No.25945185

>>25944747
There's never going to be another housing crash so long as the fed keeps BRRRing money. Everyone knows the dollar is going down the toilet. So it doesn't even matter if housing is expensive as fuck when you're going to be paying it off as a mortgage, and inflation will turn your mortgage debt into basically nothing in the long term.

>> No.25945207
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25945207

>>25944747
>WHERE THE FUCK IS THE HOUSING CRASH?
About 13 years in the past direction.

>> No.25945513

Also the thing with housing crashes is that even when the house prices go down, you don't actually get to take advantage of that situation. The banks and other conglomerates who hold on to all the properties will withhold lots from being sold all at the same time in order to decrease supply and keep prices higher than their true value. And on top of that, you'll have plenty of boomers who would rather take their "investment properties" to the grave with them rather than selling them for whatever imaginary price they have set in their heads.

But most importantly, in the event of another real estate crash, we'd see the same situation where banks refuse to give out loans to basically anyone. And at that point, a house costing less doesn't actually matter if you can't get approved for the loan regardless. Or you'll only get approved for a ridiculous mortgage interest rate, same deal. At that point, it only works out for you if you're able to buy property cash-in-hand.

>> No.25946376

>>25945096

That was this fucking year you mong

>> No.25946471

everyone in this thread keeps saying home prices will keep rising, but will it really in the future? won't there be a huge revolution demanding cheaper homes?

>> No.25946713

>>25946471

People will demand cheaper "dwelling."

As the service economy/importation of illegals/outsourcing to foreign countries/your favorite other factor continues to draw down the value of wages in the country and the right to shelter being subtly pushed in Leftist vanguard groups, there will be less of a focus on property ownership and more on keeping a roof over your head, as you see in Europe. The concept of "owning" a piece of property will become as far-flung to the average worker as owning a boat or perhaps multiple Bitcoin, a fantasy you can only initiate into as one of the chosen upper middle class alpha slaves.

The rest of us will be crammed into public housing blocks that can be manufactured for next to nothing with the advent of automated manufacturing and 3D printing. You WILL live in a shitty pod that crumbles in 10 years, you WILL continue to wagie, you WILL eat the bugs

>> No.25946924

>>25944747
soon

>> No.25946968

As a Canadian I'm just going to move to a third world country. No point living in this dystopia.

>> No.25947021

>>25945091
spotted the kike who wants to evict 40 million people

>> No.25947155

>>25945185
I recently read a good argument that it's only a matter of time until state and local governments start jacking up property taxes to keep up with inflation, assuming it hits, and owners are going to get wrecked by said taxes. I agree that prices will keep going up, it's an unstoppable trend at this point.

>> No.25947182

>>25944747
why would houses crash when there's gonna be unlimited immigration

>> No.25947348

>>25945041
Boomers are gonna die off, millennials won’t be able to afford the tax and banks will begin collecting houses on a large scale. After that who knows

>> No.25947404

>>25946713
>upper middle class alpha slaves
thats like calling a caretaker a facility manager
love it

>> No.25947538

>Mom moved out of a city and bought a house in a rural/suburban area 6 months ago
>Decided she doesn't like it and wants to move back closer to the city
>Sold it for an 100k profit

>> No.25947884
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25947884

Listen to me anon, rates are at 12 year low, which means that if you put 10% down on a 400k house now, even with prop taxes, insurance, and pmi included you would be paying under 2000 a month. your average 2 bed apt bullshit scam payment. By the way just from the cost of of inflation you would get rid of the PMI in a year. But i get it you loveable retard, you want to buy the dip....guess what lovable retard anon, your best bet is that the banks collect their due this year after corona forstalled payments and that brief period of time where rates stay low. Buy a fucking house then and start paying yourself what you would be paying someone else in rent. Printing houses is not gonna be around for a long time, and by then you would have built enough equity to get a couple printed houses and rent them out after cashing some of your crypto gains into a diversified portfolio. start preparing a 10% downpayment you little shit and look at all the tax advantages as as a first time homebuyer like using one bedroom as a work office (15k write off) or some states will give you 10,000 as a first time homebuyer which will help with agent fees and closing costs. oh yeah and while you fucking waste time jacking off also consider getting a basic retard level real estate license so you can save some $$$. good luck anon you got until the end of this bullrun bitch.

>> No.25948711

It won't crash in the sense of prices going down. Biden is about to do a $15000 tax credit for first time home buyers. That will push prices higher as will inflation. They will go up but inflation will eat the gains.

>> No.25948806

>making okay money freelancing
>decide to make a move on a house
>go to get pre-qualified
>Haha, sorry sweaty we don't loan to freelancers because of COVID
>why don't you go back to your wage cage?
FUCK. I JUST WANT A MOOORTTGAAGE

>> No.25948816

>>25944747
lmao nigga what? do you think the supply of new homes is anywhere close to matching the demand? endless money printing and immigration means that prices are only gonna keep going up. have fun in your pod!

>> No.25948828

>>25945041
Yes if they bring in immigrants

>> No.25949047

>>25944747
All markets will do nothing but rise from here on out. Feels good bros, I may live in a communal pod for $5k a month but my portfolio looks pretty sexy.

>> No.25949096

Someone please explain to me why I have to pay for some boomers overpriced renovated shitheap when I can just go to the periphery of a city, buy a plot of land where the suburbs end and turn into woods or farms, and just build whatever the fuck I want. Surely this is a far more reasonable option

>> No.25949341

>>25946713
I disagree, have you checked out that Vegas company Boxabl. It seems something like that may be in the works in the near future.Seems pretty comfy for single ppl.

>> No.25949385
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25949385

>>25944747
Imagine if the housing prices crashed and we all used our bitcoins and could buy houses :)

>t. Californiafag please send hell

>> No.25949604

>>25949096
>build whatever the fuck I want

Depends on your state and local ordinances but be prepared to spend hours talking to lazy boomers who want you to buy a million permits and ask you stupid questions like, “but if you put a fence around your house and a school kid gets stuck on it then what?”

>t. chamber of commerce, city council attendee

>> No.25950382

>housing prices falling while landlords are free to operate
you are living in a fantasy world

>> No.25950587
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25950587

>>25944789
Hyperinflation happening means the currency will end and you house will NEVER be sold because no one can afford your 1 billion dollar house.

Hyperinflation would mean the US would collapse and a new currency would take over it's place. Not likely. Especially US being the world reserve currency.

>> No.25950671

>>25944747
New York

https://www.zerohedge.com/markets/bagholders-row-condo-nycs-one57-sells-record-51-discount?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

>> No.25950677
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25950677

>>25948806
>we don't loan to freelancers because of COVID
What does COVID-19 have to do with that? Not having steady employment history was always a mortgage rejection reason.

>> No.25950759

>>25948806
>>25950677
Never mind, found what you were talking about.
https://www.forbes.com/sites/advisor/2020/08/06/self-employed-borrowers-now-face-more-mortgage-scrutiny/?sh=73344916537e
On the one hand it sucks you're getting rejected for that. But on the other hand it's kind of a good sign the lenders are being cautious and not repeating all the bad decisions that led to the 2008 crash.

>> No.25950911

>>25950587
Every fiat ever tried has eventually failed you dumbshit. Just because you can’t envision us following the preexisting patterns in history and the economy going tits up doesn’t mean it can’t happen. You think the dollar is going to be the global reserve currency until the heat death of the universe?

>> No.25950980
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25950980

feb 1 for most of the country, apil 1 for nevada. then allow two-three months for court delays. lets just say may is gonna be a shitshow

>> No.25952250

>>25946713
people won't "demand" anything. it's clearly completely legal to live outside any way you want with as much furniture you can find, illegal electricity you can tap, and no need for plumbing/septic.

what people will be -given- instead is a bunch of excuses from local politicians as to why larger apartment buildings can't be zoned, why unused office space and retail space can't be paid for and converted by a city government with a wealth of resources, why this why that, why everything will have to wait. the homeless have set the bar so low in terms of legal accountability and standard of living, and the housing advocates in california have done nothing for anyone. the longer the problem goes on, the more entrenched the old real estate ways will be. prices and rent have not gone down, i'm fucking pissed there aren't more options for everyone