/biz/ - Business & Finance

[Anonymous No.49283556]

The experts weighed in and there's no housing bubble, you can stop pretending house prices will ever come down

[Anonymous No.49284448]

>>49283556

Prices go forever up.

[Anonymous No.49284468]

>>49283556
This is a non-sequitur. Just because residential real estate is in a bubble DOES NOT IMPLY that the price will ever decrease, even on an inflation-adjusted basis.

[Anonymous No.49284474]

>>49283556
>experts say

[Anonymous No.49284478]

>>49284448
>Prices go forever up.
They pretty much have since the 1960s

[Anonymous No.49284510]

>>49283556
it's bearish
most of the "economists" saying there is no bubble are women

[Anonymous No.49284537]

>>49284510

There is no bubble anon. It will go up forever.

[Anonymous No.49284549]

what is a bubble

[Anonymous No.49284588]

Can someone explain to a non American what happened during 2008 housing crash. Everyone keeps mentioning it. If houses fell by 30% then, where are they now?

[Anonymous No.49284589]

>>49284468
This. The prices will probably dip by like 10-20% in the USA if inflation is tamed, and will flatline on an inflation/rate adjusted basis. In Canada it's anyone's game, personally I believe Canada's housing is a spectacular bubble, while the US's housing is only slightly inflated.

[Anonymous No.49284602]

>>49283556
Wtf are you talking out here? If you wanna try something interesting, join HOUSE.

>architecture by world recognized real estate development group.
>Team of eight realtor with 50+ years of combined experience
>Fully safe personal home
>easy 10x

[Anonymous No.49284623]

There is no bubble unironically. It’s a supply issue

[Anonymous No.49284665]

>>49284589
funny that Ben Felix (a Cancuck) says the exact opposite

[Anonymous No.49284689]

>>49284588
Owned by jews and some boomers and used for rent or in boomers cases their 9th vacation home

[Anonymous No.49284725]

>>49284623
>It's a supply issue
10% of Americans own at least two 'homes'. It's a demand issue.

[Anonymous No.49284724]

>>49284602
LMFAO DUDE

[Anonymous No.49284736]

>>49284665
Because Cancucks are retarded and their absolute belief in paying 20x median wages for a house will be their downfall.

[Anonymous No.49285619]

>>49284725
>you have to limit yourself for the good of the country!
Cuck mentality.

[Anonymous No.49285766]

>>49284736
My house was 4.11x my annual salary here in Calgary when I bought it in 2018

[Anonymous No.49285823]

>>49284589
>if inflation is tamed
get fucking real

[Anonymous No.49285837]

>>49285766
Probably because you live in the Minnesota of Canada.

[Anonymous No.49285915]

>>49283556
Remember 2020 and 2021? Experts had a lot to say about everything back then. They really showed off their expertise. They were so competent. Their citations were impeccable. Experts agree that experts are right.

I no longer consider myself to be bound by the laws that they have created.

[Anonymous No.49286167]

>>49284588
Basically, there were systems in place in our housing market and financial system that allowed money printer to go brrr. By bundling mortgages together, they could be traded as a separate commodity and were seen as extremely valuable despite whatever mortgages were in them. So Wall Street was basically playing hot potato with one another and the perceived value of these tradable mortgage packages was pumped artificially higher and higher in order more and more money.

And because of this money-printing frenzy, banks were lending out crazy mortgages for nothing to literally anyone that wanted one, regardless whether or not they could actually pay for it. You had boomers buying house after house. Houses being built like crazy and sold and resold again and again for higher and higher prices. Eventually, of course, reality set in and the banks and the government slowly became aware of all these crazy loans they'd given out that were never going to be paid back. And then the crash happened.

Except it didn't. 2008 never actually finished. The government turned on the literal money printer and gave it to banks to lend out even more money. They have blown the bubble up and kept it afloat until now. It will pop eventually.

[Anonymous No.49286244]

>>49286167
>Except it didn't. 2008 never actually finished. The government turned on the literal money printer and gave it to banks to lend out even more money. They have blown the bubble up and kept it afloat until now. It will pop eventually.
The bubble shifted to stocks (and crypto) though.

[Anonymous No.49286690]

>>49286244
>shifted
Cope. It didn't shift it expanded.

[Anonymous No.49286721]

>>49283556
>experts who lend money to people say that the amount of money you will have to borrow from them will continue to increase forever with no problems

[Anonymous No.49286749]

>>49286690
Just checked my case shiller charts. You're right. Good time to live on a boat and pay off debts.

[Anonymous No.49286776]

>>49283556
Don’t the increased immigration and natural population growth guarantee that housing demand will continue to grow? Also that with rates increasing supply will go down? Or am I a brainlet

[Anonymous No.49287264]

>>49286776
>Don’t the increased immigration and natural population growth guarantee that housing demand will continue to grow? Also that with rates increasing supply will go down? Or am I a brainlet
Both are slowing down, and supply is increasing. Many immigrants are also not wealthy enough to buy houses or put much upward price movement on rent.

[Anonymous No.49289068]

>>49283556
I’m phoneposting so I don’t have that U.S vs Canada housing bubble deviation chart. Can someone post it?
In this case the (((experts))) are unironically right. Its much, much worse in other countries.
Especially in some third world where housing to income ratio is like 500x
t. Actually live in a third world with median income of $3600 annually with housing starting from $150k for a literal cuckshed 1 bedroom 800 sq.ft

[Anonymous No.49289763]

>>49284725
>>49284725
>we suffer, so we are more important
god everyone here is shinji ikari

[Anonymous No.49289775]

>>49284724
boomer

[Anonymous No.49289798]

>>49284724
ngl I prefer a house in the metaverse, it's more accessible, just look at the animal crossing or sims 4 community

[Anonymous No.49289808]

>>49283556
>MUH IMMINENT CRASH
rentoid cope. you are priced out forever.
>>49284448
fpbp

[Anonymous No.49289814]

>>49283556
a room full of experts who make their living from a particular industry find that there is no reason to not invest in the aforementioned industry.

It's the wrong question to be fair.

[Anonymous No.49289820]

>>49286167
>It will pop eventually.
Maybe after we're all long dead, if at all.

[Anonymous No.49289823]

>>49289798
I don't like the metaverse anymore

[Anonymous No.49289836]

>>49284602
top kek

[Anonymous No.49289879]

Face it chuds you will never own a house.
You will live in the 200sqft pod-apartment generously afforded to you by your company. Of course this benefit is only available to the employees who join the monthly BLM march and are fully vaccinated against Covid-26 (Upsilon-3-A variant).
To be qualified for full vaccination status the employee must have received the latest FDA approved booster shot within the last month and have taken the full series of base layer protection vaccines. This includes a set of 12 doses, with no less than three months in between each shot taken.

[Anonymous No.49289884]

>>49286776
Rates increasing means supply will go up since less people can afford to buy houses. For every 1% hike in interest rates/mortgage rates, a $300,000 mortgage goes up $3,000 annually in interest payments (which compounds). Hike rates up 5% and a $300,000 mortgage just added $15,000 a year in interest payments (not payments on the mortgage just the ahahha fuck you pay me fees). Then factor in adjustable rate mortgages and intstrunments like that where a person bought a $500,000 home when rates were at 2% or 3% but then all of a sudden rates spike and now the banks are like "bitch you're gonna pay us 10% a year now, suck it faggot" and now they have to pay $50,000 a year in interest payments (before they even begin to service the fucking mortgage payments) and then they get margin called/aka forced to sell their fucking house cause they cant afford it. Or something like that.

[Anonymous No.49289969]

32 US experts weighed in at 4800 kg

[Anonymous No.49290015]

>>49284588
In 2007 everyone said it wasn't a bubble and because of 100 reasons the prices would never go down. Then something sorta obvious which professionals refused to notice happened, and 2008 was a blood bath. Basically a ton of the loans being given out were junk because the home owners had no ability to actually make payments consistently, but this was hidden by packing such loans in with good ones and selling them in bundles. A lot of industry pros knew about this, but they either didn't grasp the risk or they were too invested to blow the whistle on it and tank their own holdings and their industry.

In 2022 everyone is saying it's not a bubble and because of 101 reasons the prices will never go down. Professionals will say another crash is impossible because lending is more strict these days and subprime mortgages aren't freely given out anymore. As if that's the only catalyst for a crash lol. I can see a lot of risk though, especially in institutional investment in residential real estate. Subprime it's not, but a lot of rental ops are leveraged to the gills and could risk being squeezed into selling stock at a loss with just a few % drop in demand for housing. There's also the psychological aspect of a recession. Everyone is talking about it like it's an inevitability, and when people are spooked like that, it can be a self fulfilling prophecy. Basically nobody wants to get a 400k mortgage at 5% when the job market could dump. Nobody wants to relocate to a new area when they have stability where they are. A lot of demand pressure evaporates, prices drop, and people get even more scared.

[Anonymous No.49290034]

>>49283556
>THE EXPERTS WEIGHED IN