I need to vent about my friend's decisions

[Anonymous No.29380621]

So I'm not really business smart or know anything special but I've witnessed disputes in my family over house purchases that ruined everything. My friend Tom quit his job and wants to start a business flipping houses... He's currently living in a house owned by his mom and her siblings by only paying the property taxes. So now combined with the money he's saved he wants extra capital to start his business. Mind you he is relatively skillful in small matters what it comes to repairing homes but nothing special like HVAC, ELECTRICITY, PLUMBING only entry level stuff... Anyways he wants to fix up the house he's currently living in, give his family a price that they'll get for it and he receives any extra money over that price when it's sold with no plans of paying it back. He's giving them the price of 280-300k and house is currently evaluated at 370k on zillow and apparently appraised at 320k without repairs I'm assuming. cont--

[Anonymous No.29380670]

>>29380621
Is it just me or is he out his god damn mind? he is estimating 20-25k in repairs when he only plans to do very standard fixing up before sell stuff, hiring some for roof and then doing flooring, paint hiring someone to fix complicated stuff like water heater and bringing electric up to code but other then that the house's foundation and plumbing is good. Even if it was 20-25k he's planning to get another extra 20-50k for free basically... not to mention I feel like his plan is kind of insane with no real professional knowledge in the field of flipping houses it's going to take hard gruesome laborous work that he and his friend will have to do and it's all hedging on the assumption that the housing market won't completely crash. The first house they try and flip may become worthless in the next 3 years easily with covid.

[Anonymous No.29380787]

>>29380621
House flippers are going to burn in hell.

[Anonymous No.29380913]

I hate house flippers

[Anonymous No.29380937]

question might be better suited for /diy/

[Anonymous No.29381135]

>>29380787
That's what I mean I like this guy, he's funny overall pretty good dude but I think he's absolutely insane for this being his plan and on top of it I've tried to warn him about the distrubances between houses and rifts that can happen in families because I've experienced my self but it just doesn't matter to him. He could probably return to his previous job he just was getting mad and fed up at it and I get the want to be independent and retire early but why the fuck to 20-30 year olds expect this right now? Even off the back of their family... Yes everyone is in debt nobody could buy a house but the same way boomers think you can just walk into any job with a suit, get hired and support a family millennials just assume that they should own a house without considering that the reason they can't is because boomers are wrong and it is hard for EVERYONE out there.

[Anonymous No.29381151]

>>29380913
>>29380787

they're filling a void left by lack of new housing construction and uplifting previously shitty neighborhoods, not seeing the issue as long as they aren't scamming people

[Anonymous No.29381157]

>>29380621
Hope the market crashes before he finishes. Its imminent, I give the peak another 18 months at the most

[Anonymous No.29381229]

>>29380913
We all do, Emily.

[Anonymous No.29381470]

>>29381135
Why exactly are you mad?
Is it because you think he's going to make too much money?
Is it because you think he's scamming his family?
Is it because you think the business of house flipping in general is a bad idea?
Is it because you're genuinely worried about your friend's financial well being?
Is it because you're jealous?

[Anonymous No.29381494]

>>29380621
>>29380670
you are unbelievably naive and retarded. the housing and property market is literally the only stone set thing we have in the coming future. the housing market crashed once in the past 20 years there is no way the jews will let it happen again. why the fuck do you think bill gates bought all that fucking land? what the fuck is your job? based tom is going places. you add fixtures and repairs and garden work to a house and you can add 150k to its price easy. explain to me how the fuck a non existent virus would kill the housing market you retarded fuck. lurk more and go to fucking school you utter nonce

[Anonymous No.29381502]

So really tho am I just being judgmental or does anyone agree with me?

[Anonymous No.29381562]

>>29381151
The ones in my area are asking over market price for a home that was flipped with apprentice-level skills, Pinterest creativity, and the cheapest materials found at Home Depot.

[Anonymous No.29381916]

>>29381502
Can you make a blog or youtube video instead and get the fuck off of my board?

[Anonymous No.29382235]

>>29381470
1) No I'm not envious I'm already broke as fuck so even when he was at his previous job I could've been envious of him living rent free at his parents with his shit job

2) Yes I've seen this in my own family and it's starting to actually tear us apart, he won't heed my warnings. Basically people did stuff without real agreements and the value of a property sky rocketed now no one knows how to resolve it luckily it's not my affair yet until my parents die.

3) Yeah I don't see how flipping houses is a great business idea in this volatile market maybe if we had confirmation that the housing market is crashing for sure but even then you're going to be competing against people with more capital and more skills. It's not easy restoring houses and it's very expensive to hire it out.

4) Yeah I am worried he's dead set on working for himself but it just doesn't always go that way and especially when you're asking for basically free money from your family is it really worth taking that kind of risk? What happens if he gets fed up with starting this business and doesn't want to do it anymore? But obviously living rent free in a 300k home he will not be homeless and have family to fall back onto but I'd recommend using family as a safety net rather then a shot at a potentially failing business that could jeopardize family relationships (they are already very skeptical and basically telling him no but he's trying to use the leverage of his mom being the head of estate or whatever out of the 3 total owners)

5) As said before no I'm not jealous as far as I'm aware, I'm just very skeptical about DEBT and families because I've seen it destroy my own

[Anonymous No.29382489]

>>29380621
The part that is guaranteed to fail is that the house is owned by family, or at least the family has interest in it? This will cause problems when people think he should of done less, more, sold higher, lower, spent more time, sold sooner, etc. Why bother with the headache?

[Anonymous No.29382499]

>>29381916
Oh I'm sorry were you busy putting 100 dollars on shitcoins and losing half of it; just return to your real adult business threads friend you don't have to stay on mine

[Anonymous No.29382837]

>>29382489
Exactly, I mean I think it is a good time for them to sell that house before this economy collapses but how do we know the dollar won't collapse with it? (Maybe it'll be like 2008 where dollar actually gains value because of dirt cheap houses?). But yes EXACTLY! everyone always makes the assumption oh we're family nothing will go wrong but it always becomes this bitter relationship ruining ordeal. Is why families always fight after death over inheritance

[Anonymous No.29382879]

unless you have an experienced, reliable team of like-minded contractor-types in place (as well as good financing) youre probably gonna fuck yourself real good.

If you really want to flip, just a do a 2-3 year live-in flip and try to snowball that money into larger properties and/or mult-family rentals.

I seriously doubt most people have the organizational an managerial skills to even execute a flip in most markets.

[Anonymous No.29383138]

I missed the part where you explained why you even care. If he offers a deal to fix up someone else's house in return for some of the proceeds from selling it, then the owners of the house can accept it or not. It's just a deal between consenting adults, if they don't want it they should decline. What is even the dispute?

[Anonymous No.29383327]

>>29382235
Alright well after you've warned him once, let it go and just be a supportive friend. Ultimately it's his life and you can't really stop him so you shouldn't spend so much energy worrying about it that you'd make a thread on 4chan about it.

[Anonymous No.29383449]

>>29382837
Everyone with money knows or soon learns that you never do anything with money with family. No loans, no business deals, none of it. This is just your friends' time to learn that lesson for himself.

[Anonymous No.29383586]

>>29381562
>asking over market price
Oh no look what they're *asking*! Who cares about asking price of an unsold house? If it's too high then it won't sell, if it sells then it wasn't too high.
>>29382235
>2) Yes I've seen this in my own family and it's starting to actually tear us apart, he won't heed my warnings. Basically people did stuff without real agreements and the value of a property sky rocketed now no one knows how to resolve it luckily it's not my affair yet until my parents die.
Then you should give him the advice to make clear agreements about this and maybe consult with a lawyer. But anyway if they're letting him live there basically for free they're probably pushovers anyway so he hasn't much to worry from that.
Is the situation in your own family even comparable?

[Anonymous No.29383670]

>>29381494
Lol unemployment sky rocketing, people's evictions still in limbo until they're not under executive order, half of small businesses completely failed basically but our economy isn't volatile because the green line go brrr on the dow? It's not about me defending covid or not spastic fuck it's about it's literally a fake illusion that our economy is a-okay during "the worst pandemic in 100 years)... Food prices increasing, supply chains struggling, UK in "worst recession in blahblah a lot of years"... the signs are literally everywhere, did you just get a loan for a house and realize you're about to lose your downpayment overnight or something? why so triggered lmao

[Anonymous No.29383871]

The only way I see of doing this neatly is if your friend just buys the house for 300k or whatever. Then he can fix it up and sell it.

[Anonymous No.29384096]

>>29383586
Yes it's really comparable and similar which is why I even really thinking about it in the first place. And I guess he does have the right idea with pretty clear terms that's where my family actually really fucked up but since he's offering to give them a price and he just gets whatever is excess I could see their being a major issue if he somehow gets 400k for the house and pays them 380k lol.

[Anonymous No.29384603]

>>29384096
The family would kind of fuck themselves over if they agree since he gets the benefit of rising property prices but not the risk of falling prices (beyond having done some repairs for free). But if they want to fuck themselves over, let them. They say that you shouldn't mix family and money but you also shouldn't meddle in someone else's family affairs.

[Anonymous No.29384722]

>>29384096
320k****

[Anonymous No.29384885]

>>29384603
I mean it's just me talking to him one on one relating my experiences to what he's currently about to try but yes I am basically letting whatever happen happen. That's why I'm on 4chan talking about it and not shit talking him to real people.

[Anonymous No.29385038]

>>29383871
Well he definitely cannot buy the house from them and even that would be iffy if he's buying it for more then what it's worth, in my opinion the clean way to do it is just charge them for the repairs and fixing up and the process of selling the house but he's leaving it up to luck weather he makes out with a bunch of free money or at least some free money.

[Anonymous No.29385299]

Your friend is gonna do what is apparently a bad idea and come up on top because he is a motherfucking chad, meanwhile you are gonna keep being poor and seething at his lack of acumen and you are gonna keep being poor and seething after his bizarre success

[Anonymous No.29385487]

>>29382499
I want to see a sea of pink wojaks, not this retarded ass "am I being judgemental" bullshit

[Anonymous No.29385783]

You sound like a fag. I rarely say this but shut the fuck up and go back. Gay jealous pussy mind your business your mother must be a huge bitch. Bitch ass nigga

[Anonymous No.29385827]

>>29383586
House flippers mark up houses too much because they are personally leveraged. I'm not paying someone's flipper tax
If they want my respect they can try their hand at new home construction. That is actually doing something, painting and installing a granite top for $30k plus on the ask is not helping anyone.

[Anonymous No.29385841]

>>29383327
It's not that I'm really worried about it, it's just a convenient place to discuss it and it is HIGHLY relatable to my family's situation so I have some personal interest hearing opinions from people relating to that

[Anonymous No.29385911]

>>29385827

It's your job as buyer to independently assess whether their asking reflects the work done. What you're asking for is having less choice and options available for some arbitrary butthurt reason, new construction doesn't meet demand in many US markets.

[Anonymous No.29386304]

>>29385783
>>29385487
God people like you are so fucking cringe because you think you're actually a cool kid apart of a cool community posting on 4chan that the minute someone doesn't engage in your internet message board's culture and speaks normally you feel supperior to them. I've been here since like 2005 and you're both obvious underaged new faggots. Just remember this comment the next time you say some 4chan shit to one of your "normie" friends and they don't get it and proceed to cringe to yourself

[Anonymous No.29386310]

>>29385911
I'm not asking for anything fag. Flip houses if you're gonna flip houses. I am not going to buy you out of the mortgage you're only planning to hold for 6 months or whatever.
Go ahead and elaborate on how new construction doesn't fill housing demand, maybe we should all fight over million dollar tiny homes

[Anonymous No.29386616]

Anyone ever notice that only trashy families argue over money? My dad and his siblings have been in business with each other for over 30 years and it’s been smooth sailing

[Anonymous No.29386746]

>>29386616
could you be more specific? what kind of business? Because if they all work at a cornerstore together and happy that's different, we're talking about debt based transfer of money via valuable assets

[Anonymous No.29386859]

>>29380621
You're banging his mom aren't you OP?

I approve.

[Anonymous No.29386867]

lol what a shit thread

[Anonymous No.29386929]

>>29380621
house flipper here, we provide much needed market liquidity and gentrify shithole neighborhoods. your friend is providing a public service

[Anonymous No.29386993]

>>29386304
I’ve been here since 2007. I could not care less about “message board culture” as inferred when I said I rarely say this. The problem is you’re a faggot a beta cuck simp onions pussy and you’re on here personal diary-ing as if we should give a shit and sympathize with some bitch ass nigga that feels entitled to police other people’s business and family situations. You’re like a bored house wife, mind your fucking business and shut the hell up

[Anonymous No.29387048]

>>29386304
>>29386304
>God people like you are so fucking cringe because you think you're actually a cool kid apart of a cool community posting on 4chan that the minute someone doesn't engage in your internet message board's culture and speaks normally you feel supperior to them. I've been here since like 2005 and you're both obvious underaged new faggots. Just remember this comment the next time you say some 4chan shit to one of your "normie" friends and they don't get it and proceed to cringe to yourself

[Anonymous No.29387052]

>>29386859

[Anonymous No.29387179]

>>29386993
>You’re like a bored house wife, mind your fucking business and shut the hell up

fucking rekt

[Anonymous No.29387239]

>>29385827
noone's forcing you to buy it, dunno why you're mad
if they're really overleveraged then the bank will come and take it and put it on the market for cheap, you should be happy about that

[Anonymous No.29387289]

>>29386993
So you've been here since 2007 and you still think you're that 18 year old who's cool for talking shit on 4chan? Do you still live with your mom too? mind you you're the one who typed out 5 lines of questions to me then spazzed the fuck out like a little autist.

[Anonymous No.29387372]

>>29381916
This. Fuck off retard

[Anonymous No.29387440]

Lmao confirmed you got triggered by my comment and it hit deep, you're rooting for the other guy I called out along with you and saying fucking rekt because you've been refreshing trying to win this argument lmao. At least with you I think you're still young the other guy I don't know. might be hopeless

[Anonymous No.29387549]

why is everyone mad itt it's just a thread about house flipping, beats bao and rubic threads at any rate

[Anonymous No.29387639]

>>29387549

As if letting the house just sit there rotting and shitty is any better lol

[Anonymous No.29387646]

>>29386929
Are you Larping tho? What happens to you if the economy crashes btw? How much money have you made? Have any more insight since you are a house flipper?

[Anonymous No.29387680]

>>29387549
nah nigger this is the same as the landlord hate threads. if you faggots are too stupid to own property then gtfo my board

[Anonymous No.29387707]

>>29380670
yeah that guy is a straight loser. hes gonna rip 50k from his own blood. hes probably gonna make it too since mom seems like a push over. i'd fuck him over if i knew a person like that.

[Anonymous No.29387907]

>>29387646
if the economy crashes then my invested capital is at risk, but since i would only loose the money put down its no big deal. i aim for 25k profit per flip, but i am in a low cost of living area.Insights would be become friends with peeps in the trades. networking is as important here as in any business

[Anonymous No.29387971]

>>29387289
You don’t get it. Which is why you’re so deeply enthralled in this guys business that you’re making stupid hypothetical threads about him on 4chan in the first place.

[Anonymous No.29387986]

>>29387549
I don't know , sometimes I feel like 4chan people can't realize there's a line between edgy cringelord faggot and redditor that's acceptable.

[Anonymous No.29388091]

>>29387986
u have to go back

[Anonymous No.29388169]

Don't use zillow to figure out the price of your house they always say too much

[Anonymous No.29388247]

>>29387907
Almost sounds like the insurance business. But yeah he knows no serious trademan I think and my guess is you can't really flip houses effectively because a lot of the good flips would require serious code updates but maybe he can find that network.

[Anonymous No.29388321]

>>29381562
THen don't buy it retard

[Anonymous No.29388333]

>>29385487
Like all redditors it's about feelings and they can't gauge responses back without upvotes, what else are they to do?

[Anonymous No.29388392]

>>29380621
>My friend Tom quit his job and wants to start a business flipping houses..
that's a typical middle class delusion. flipping houses takes time and since a house is directly several Ks it's hard to do
At best it is valid if you are in the home business already.

Anyway it is very middle class and takes a long time and lots of work.

[Anonymous No.29388493]

>>29388091
thanks for da bumps larper larry

[Anonymous No.29388533]

pokefarm.finance

[Anonymous No.29388668]

>>29388392
this was my guess I guess we'll see what happens

[Anonymous No.29389056]

>>29388169
just to reclarify the numbers
hes offering to get 280 for it, zilow says 380, appraiser says 320 in it's current state

[Anonymous No.29389264]

classic clown world housing marketing.
It looks like interest rates had a huge fucking pump like overnight, so hopefully this helps the housing market be a little less retarded. Fuckin sucks, cause I was literally in the process of getting some loan applications in thinking it'd be 2.25% and shit

[Anonymous No.29390191]

>>29380621
>>29380670
His numbers aren't that far off from reality... Contracting companies charge ridiculous premiums for managing the trades you mentioned. Also, buying houses under market, repairing them so the future owners (or you) can justify an extra $500/month in rent, then either selling or refinancing them and pocketing the difference is very realistic, very doable, and thousands of people do it every single day. You're making the entire area that house is in more valuable, and making the banks/lenders/etc shitloads of money.

He may not get what hes planning to for the house either, but a $300k offer on a house valued at $370 that needs some work done isn't unreasonable

[Anonymous No.29390650]

>>29390191
I actually mistyped his current offer is 280k with closing costs, 260k without closing costs. and yeah he's already been living there only paying property taxes. He's just kind of making different offers hoping they all agree eventually. The whole business plan and his deal to get starting capital kind of two separate things. but like I said other then the roof basically everything is painting and small stuff

[Anonymous No.29390807]

>>29390650
to add I really don't think paining, roof, small sale prep and maybe hiring some trademen to bring electric up to code is going to add up to 25k but I guess I could be wrong

[Anonymous No.29390841]

>>29382235
Your family tore itself apart because its shitty. Its shitty because the people in it are shitty. You brought your concerns to him and he declined to see things from your point of view. If you werent a shitty person youd have left it at that because its none of your business and its pretty much out of your control. The reason you suck is because instead of respecting personal boundaries like an emotionally mature adult would do upon being told, “no”, you choose to further seek out validation of your own opinion. Even if we all agreed with you what would that accomplish for him, the only one whom this matter concerns? Fuck all is what it would do and thats why youre family sucks too. You arent doing what youre supposed to be doing, which right now is literally nothing. Instead, not only are you defending an irrelevant opinion on a matter you arent a part of but youre trying to drag more people in to it who have even less business with it than you do.

You know how your friend doesnt do any electrical work because he knows he doesnt have any business fucking with that kind of shit? You could learn a thing or two from this guy desu. Ask him if hed be willing to teach you anything. Learn as much from him as you can. As a bonus, if it turns out that youve been right the whole time and what hes doing really is a bad idea, he might be willing to listen when he knows you at least have some level of active interest in the matter.

[Anonymous No.29391515]

>>29380621
>trying to make money in the house market
There are ways to get rich with this, but there is so much work required and also luck that it's very risky.

For example if you aren't a real home owner for a long time, you don't even know what to look for.
For example:
Retards who never owned a house
>WOW, THIS HOUSE LOOKS SO BEAUTIFUL, I BUY IT!!!!
Real home owners
>so, tell me about the pipes. Has this home any damages that aren't listed on the paper work. Was damaged always repaired by a specialized firm? What is behind the walls? Any illegal "home increase"? What is on the papers of the home?
In fact if you ever had owned a home, you are most likely not even looking at the house itself, but you want to know more about the neighborhood, what is in the house you can't see, and other stuff that most new hose interest don't even know exist.
One simple example most new house owners don't know is that EVERYTHING YOU DON'T LIKE WILL MOST LIKELY NEVER CHANGE. In fact there is a saying around home owners "If you don't like it like it is, it's cheaper to just destroy it and build it from scratch". EVEN REAL PROFESSIONALS, who do nothing else than flipping homes, are sometimes overestimate the work that has to be done. If you see a house that isn't ready to move in right away, you are fucked, because "repairing" a house can get from "just a little paint" to "I have to literally rebuild the house" and you only know how fucked you are after professionals tell you that you are fucked and this house with crash on your head if you aren't pretty much rebuild it for hundred of thousands of $.

[Anonymous No.29391550]

>>29390841
Lol he didn't exactly say no though he said ya u right but I need this!!! and gave a spiel about how his family isn't like other families and they wouldn't argue like that which is how these things always happen. and you're talking all this shit but it has nothing to do with me personally it's my family's affrairs and I wasn't apart of any of the deals lol I have no debt and no handouts or disputed agreements but it is effecting me because it's almost to the point where they're about to stop talking to each other. Why would a 4chan post even accomplish anything at all other then to hear opinions of people who might know what they're talking about? I don't need anyone to agree with me this always pretty much happens with death and all deals familys make with each other... Maybe I'm wrong about that part but highly doubt it and maybe I'm wrong about the choice to try and houseflip being bad and if I am that's cool too; you make the assumption that I'm going to keep pressing my friend or that I expect him to even value my opinion... we're two buds who talk about this because we're familiar with similar situations at the end of the day he's going to do whatever anyways and we both understand that. You're just making shitty strawmans to be triggered

[Anonymous No.29391666]

>>29390841
Thank you for having the patience to spell it out for this retard

You perfectly encapsulated what I meant here
>>29385783
It’s obvious his mother is a piece of work and his family are dirt bags

[Anonymous No.29391909]

>>29380621
>drop $280k on house
>put months and months worth of hard work and like $50k worth of materials
>go through huge PITA selling
>pay tens of thousands realtors fees, closing costs, etc etc
>sell for $370 and profit like $20k once all is said an done

vs

>drop $280k in bitcoin
>relax, watch tv, do things you enjoy
>cash out a few months later for $370
$90k profit doing nothing

[Anonymous No.29391939]

>>29391666
damn anon at this rate you'll never get over my comment when I said you're an edgy cringelord who hasn't evolved since he was 18 who's now pushing 30 and lives with his mom. will you?

[Anonymous No.29391996]

>>29391909

Sounds like an idiot that isn't actually buying good cheap houses to flip

[Anonymous No.29392088]

>>29391939
Here you are still acting like a bored woman. Do you have any more gossip you’d like to create ma’am?

[Anonymous No.29392129]

>>29390807
I know jack shit about building a house but I do know a fucking roof can be 25k, easily, on its own

[Anonymous No.29392168]

imagine buying a house to flip knowing rates are in the process of skyrocketing as we have this gay thread. That's gonna be a very expensive bag to hold

[Anonymous No.29392211]

>>29392088
>Do you have any more gossip you’d like to create

Yeah I wanted to say that your mom rides a good fuckin dick but the whole town already knows about that

[Anonymous No.29392331]

>>29392168
pic related is me waiting for the housing market crash

[Anonymous No.29392345]

>>29392168
>rates are in the process of skyrocketing
lol no, rates will stay the same for at least the next 3 years

[Anonymous No.29392514]

>>29385299
Checked and this, OP.

[Anonymous No.29392742]

>>29392129
ehh got mine done for 6k, albiet the house in question is bigger but I feel like you're just getting ripped off for 25k

[Anonymous No.29392895]

>>29381151
They’re not filling a void they’re creating them

[Anonymous No.29393003]

>>29392895

>oh no now this one shitty crackhouse isn't available anymore

[Anonymous No.29393561]

>>29392345
they literally shot up to 3%+ over the weekend. This is just the beginning

[Anonymous No.29393691]

>>29381562
seethe more nohomer

[Anonymous No.29393798]

>>29393561
>what is the prime rate?

[Anonymous No.29393810]

>>29393003
based Bobby, can't believe his eye wasn't shot out completely

[Anonymous No.29393823]

>>29381151
what they actually do is slap a coat of paint, do some meme decorating, and then increase the price by 50%. not contributing a whole lot to society there.

[Anonymous No.29393965]

>>29393823
dont like the price? dont buy

[Anonymous No.29394106]

Anybody else worried for when the market forbearances expire?

[Anonymous No.29394332]

>>29394106
nope, time to gtfo of those houses you cant afford and get them back on the market so people that can afford them can buy. mortgage backed securities might take a short term hit but they are rock solid after the lessons learned from 2008

[Anonymous No.29394531]

>>29394332
I'm not a homeowner, and actually would like to buy, but shit's gonna get weird.

[Anonymous No.29394670]

>>29394531
dems gonna shove through another "first time homebuyer" initiative. real estate going upupup in the short term at least

[Anonymous No.29394839]

>>29394531
we're shopping for a home now, and it's pretty fucked. Granted we're in an ultra cucked area that's literally 100%+ overpriced in the best of times (Northern VA), but shit feels super bubble tier:
>houses jacked up 20%+ in the past 3-6 months
>people doing $50K earnest offers
>houses sold within 2-3 days of listing
>about 90% of property sales I see in county data are to chinks and indians
>new constructions arbitrarily jacking up prices ~$5K every two weeks or so
I don't think shit's going to improve at all though, not with endless hoaxvirus shit, endless foreclosure moratorium (IMO it's coming), hyperinflation, and housing gibz. It's like simultaneously as good as its gonna get a time to buy while also being the worst time to buy :/

[Anonymous No.29394890]

>>29380670
He is risking a crash in the housing market because prices have been spiking way to hard lately and we have supposedly set up another bubble situation with all the low interest loans.
At the end of the movie "the big short" it has been described that another verison of the thing that causes the first bubble is being redone

[Anonymous No.29394903]

>>29394670
Well, at least that gives me time to save more I guess.

[Anonymous No.29395141]

>>29394839
I still have a hard time biting on this "new paradigm buy now or forever be locked out" philosophy.

[Anonymous No.29395423]

>>29380621
>>29380670
why not tell him to educate himself in the field of house flipping first by reading books about it
probably preferably wrtten by succesful house flippers

[Anonymous No.29395552]

>>29395141
it's hard to tell what's true and what the (((narrative))) is, but it feels like you lose no matter what.
Increased govt spending is going to jack up interest rates more than likely, and it's basically you either buy overpriced shit now and I guess risk a housing crash soon, or wait a few years and get priced out cause housing just kept clownrocketing AND rates are higher in addition.
Shit already may be going down, cause we were seeing like 2.25% rate / 2.27% APR / 0.375 points type 30-year loans a few weeks ago. Today? Same shit is like 3%+ with 3%+ APR and fucking 3 points.

[Anonymous No.29395688]

>>29394332
Explain this. I dont fully understand why theyd get screwed when home owners can finally get actual paying people on versus freeloaders

[Anonymous No.29395845]

the first picture is in winter with no leaves and lack of sunlight
second pic is with leaves and new paint and sunlight
its literally the fucking same

[Anonymous No.29395920]

>>29381494
Can't you express yourself without being abusive? It makes you seem unsure of what you're saying, when you have to embellish it with insulting language. It also makes for rather a dull read, despite what you think. Perhaps that's it, right? DO you realise that the points you're trying to make sound a little plain on their own, so you feel a lot of swearing will spice it all up? Top tip: It doesn't.

[Anonymous No.29396410]

>>29395688
>they'd
who?
market forbearances are more for homeowner behind on payments then stinky rentoids

if the current owner has to default, the faster those houses are on the market the better

[Anonymous No.29396429]

>>29387971
>you don't get it
Yikes. You're more pathetic than he is, you're too stupid to realize it.

[Anonymous No.29396837]

>>29395845
>Didn't notice the new paint
That'll be an $80k price increase, please.