/biz/ - Business & Finance

[Anonymous No.50421870]

Housing market will NOT crash. /biz/ btfo

https://www.youtube.com/watch?v=fORUvZNm3oo

[Anonymous No.50423046]

>>50421870
>I base all of my decisions on data and I've been mostly successful
>proceeds to ignore all of the data about how the market is crashing
kek, house baggies keep holding the line will keep going up trust me

[Anonymous No.50423154]

>>50421870
god damn imagine taking these clowns seriously lmfao

[Anonymous No.50423427]

>>50421870
kek, boomer baghoulders of property are sweating

[Anonymous No.50423847]

his advice to take 15 year mortgages is objectively wrong and dangerous

[Anonymous No.50424164]

>>50421870
Housing only goes up.

[Anonymous No.50424186]

>>50424164
retard, housing doens't go up, dollar go down

[Anonymous No.50424217]

>>50424186
You will never be a landowner.

[Anonymous No.50424273]

>>50424217
I will, once the housing prices crash

[Anonymous No.50424291]

>>50421870
>Housing market will NOT crash.
Maybe not in the USA but Canada it will.

[Anonymous No.50424314]

>>50424217
don't worry anon, I'll buy your bags Q2 next year for 50% off

[Anonymous No.50424450]

>>50424291
This is probably accurate since China is suffering now and the Chinese were the ones propelling the Canadian housing market.

[Anonymous No.50424548]

>>50421870
top signal
o
p

s
i
g
n
a
l

[Anonymous No.50424668]

the only reason this boomer has a show is because other boomers pay to listen to his show in which he spouts whatever boomer listeners want to hear
OP is a retarded faggot
real estate gonna crash so hard so deep all boomers gonna get heart attack from it, shit's gonna be hilarious

[Anonymous No.50424769]

you sure
https://www.youtube.com/watch?v=iYA6443Qn-s

[Anonymous No.50425603]

>>50424668

Housing market won't crash anon. It just won't. Especially in America.

[Anonymous No.50425953]

>>50424314
lol, lmao even

[Anonymous No.50426456]

>>50423427
They are definitely worrying as pending home sales contract cancelations are double digit percentages in nearly all major metropolitan areas in America. The housing bears always have data, but housing bulls just claim that the number only goes up because it just does okay so buy now.

[Anonymous No.50426493]

>>50424273
how can it crash if 'asset management' companies like blackrock just keep buying everything with infinite federal reserve debt-dollars?

[Anonymous No.50426824]

>>50424273
2 weeks I guess

[Anonymous No.50426949]

>>50421870
The market is already collapsing.

[Anonymous No.50427056]

>>50426493
Just because he said so OK!

[Anonymous No.50427559]

>>50421870
>home prices vs interest rates graph
>"see, high interest rates don't make home prices go down"
>the home prices line on the graph started in the tail end of an inflationary decade, with just a couple years of high interest before a 50 year streak of perpetually lowering interest

[Anonymous No.50428396]

Homeless tards could never understand the feeling of having 150,000 of equity on a house you bought last year for $200,000. Maybe don't he such a pussy next time.

[Anonymous No.50428482]

>>50423847
Why wouldn't you just take a 30 year mortgage and then pay on it like it's a 15?

[Anonymous No.50429944]

Prices propped up by low interest rates shouldn't maintain themselves when rates have doubled and tripled.

Sorry. The housing market is fucking abysmal. And by the fuck by Biden for upping tariffs on Canadian lumber during a fucking shortage. God damn mad man

[Anonymous No.50429979]

>>50426493
They aren't buying homes in my bumfuck region and housing prices still exploded. This industry needs to crash with no survivors

[Anonymous No.50430055]

>>50426949
Lol are you serious? It was clearly a listing error.

[Anonymous No.50430070]

>>50429979
Im going to guess the algorithms blackrock run mostly buy in suburbs and urban areas. I think the way to view 'asset management' companies like that are as tentacles of the banking powers seeking to further consolidate power.
At the end of the day the 'markets' are at the mercy of those people.

[Anonymous No.50430191]

>>50430070
Yeah it's heavily manipulated and even managed. There is no fucking way a house in my parents metro area went from 200k to 500k+ in 5 years. It's absolutely bullshit

[Anonymous No.50430258]

>>50421870
kek at this rate nigger houses in Michigan will be worth 40 million in 2030

[Anonymous No.50431139]

The price of a house is not important. The interest rate you buy the house at is important. Which is why you should have bought 1-2 years ago.

If you put 20% down on a $300,000 house at a 3% interest rate in 2021, your monthly payment would be locked at 1011.85.
Lets say the house price fell to $280,000, but whoops, the interest rate is now 6%. So in 2022 you're paying $1,319.01 for that house. Why do you think everyone was scrambling to get in one. It wasnt so they could "sell" it like you illiterate juveniles sell memestocks and memecoins.

[Anonymous No.50431164]

>>50424273
>house price crashes
>because of interest rate hikes
Hope youre planning on buying in cash or you will be paying more than the people who "bought the top"

[Anonymous No.50431169]

>>50424291
Already seeing for sale signs staying up for weeks

[Anonymous No.50431193]

>>50424668
They will be fine if they buy icp

[Anonymous No.50431205]

>>50431139
>assuming the Fed will continue raising rates forever
It's called a controlled burn that will stop as soon as they realize it won't work or the glowniggers tell them it threatens dollar dominance.

[Anonymous No.50431271]

>>50431205
They're not going back to 2-3%. Those are historic lows. The people "waiting till prices crashed" were actually waiting till interest normalization fucked them out. All they see is price of home go up with no nuance

[Anonymous No.50431276]

>>50431139
Hear me out on this. What if it falls enough to be the same monthly price?

[Anonymous No.50431412]

>>50431271
of course, they'll be around 4-6 now, but they have to balance the domestic and foreign demand.

[Anonymous No.50431473]

>>50431276
By my calculations the payment on a $300,000 house with a 3% interest rate and approximately a $260,000 house with a 6% interest rate would be about equal. For it to be better to buy at 6% in 2022 the house would have to have dropped in price 14%...which house prices haven't yet, and we will likely see more rate hikes before a 14% housing price drop. More than likely, house prices will only drop a couple percent if at all. Housing is not liquid and people dont panic sell your residence at a loss unless they absolutely NEED to. For 90% of people they would rather just stay there. If you dont need to sell, you do not feel any changes in housing prices financially.

[Anonymous No.50431553]

>>50421870
He looks so scared in the pic, LMFAO. He knows it's coming. I hope this destroys his credibility and people will stop paying this retard for advice. Probably not though. There's always a sucker.

[Anonymous No.50431677]

>>50431473
I fucked up actually. This should be correct:
2021:
>$300,000 house with 20% down at 3% rate ($240,000 loan) = payment of $1011/month
2022:
>$215,000 house with 20% down at 6% rate ($172,000 loan) = payment of $1031/month

So that is just on monthly payment, of course on the first you are putting $70,000 down (don't put 20% down, put 3.5% down. I guess i could calculate the payments on that too)

[Anonymous No.50431950]

>>50431473
>For 90% of people they would rather just stay there.
the important part is: what happens when people who bought at those high prices are fired from their jobs and can't even pay what's due next month?

[Anonymous No.50432205]

>>50431553

why would he be scared? Housing market to the moon!

[Anonymous No.50432320]

>>50421870
PRICED
OUT
FOREVER

[Anonymous No.50432617]

>>50430055
You have to go back

[Anonymous No.50432733]

>>50426456
>mfw live in las vegas
>every faggot realtor was guilt tripping everyone into buying
>"anon why are you WASTING so much money on RENT that doesnt help you at all???"
>tons of idiots FOMO'd into the most ludicrously overpriced market I've ever seen
>people with ~40-50k/yearly income will be holding the biggest bags of their lives as rates rise and their home value plummets
Realtors deserve the rope for all the bs they push. Imagine paying some kike 4% commission to list your house on the MLS KEK.

[Anonymous No.50432772]

>>50431139
>The price of a house is not important.
Retard. You can ALWAYS refinance and get a better interest rate.

You can NEVER renegotiate the initial price you agreed upon.

[Anonymous No.50432824]

>>50432733
>Realtors deserve the rope for all the bs they push. Imagine paying some kike 4% commission to list your house on the MLS KEK.

real

[Anonymous No.50432876]

>>50431950
Same thing that happens to anyone who loses their job and cant pay? They bought at high prices but their payment isnt high because of interest rates which i just explained retard

[Anonymous No.50433375]

A friend of mine is trying to buy a home for more than a year, he tried to buy a home in my area last week. He put 50k over asking, there were 12 offers and he didnt get it. The party is still on around here with no sign of slowing down.