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/biz/ - Business & Finance

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50679333 No.50679333 [Reply] [Original]

>homebuyers backing out of contracts
>interest rates rising
>property taxes increasing

Uh oh bros...

>> No.50680208
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50680208

>>50679333
>trips of doom

>> No.50680267

>>50679333
>>50680208
It's over housies

>> No.50680296

I'm sitting on $125k in cash, hoping to get a $75k bonus in March 2023, and then will buy a house; hopefully the housing market has contracted more by then.
Thoughts?

>> No.50680420
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50680420

>>50679333
imagine giving regular normies out on the street access to up to 30x leverage but only for the one asset class that they need in order to not die of exposure to the elements. and then letting them play the lottery unlimited but only letting "accredited investors" with $1 million invest in private equity "for their financial protection" truly an incomprehensible level of evil.

>> No.50680695
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50680695

Should I sell my house now?

>> No.50680704

>>50679333
Cope more. The appraised value of my house is up 35% yoy. The best you’re gonna get is maybe a 10% correction

>> No.50680879

>>50680704
kek copeaholic detected

>> No.50680898
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50680898

And the best part
>there are people who are unironically bullish

>> No.50680915

>>50680704
>Cope more. The appraised value of my house is up 35% yoy. The best you’re gonna get is maybe a 10% correction
Hurr durr correction won't be that big, you'll ony get 10% discount not 35%. I'd happily take a $30,000 discount you absolute turbo retard.

>> No.50680954

>>50680704
Where I live thats like 100k

>> No.50680955

What do I do. Should I buy now?

>> No.50680958

>>50679333
>it's another hoooom thread
Some markets will dump
Some won't
It's all about location
Simple as that

>> No.50680967
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50680967

>>50680704
Home owner cope

>> No.50680987

>>50680915
Price goes up 35k, then drops 10k. Wohoo I got a deal!!!

>> No.50681003
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50681003

>>50680958
exactly!! just like 2008 right? RIGHT??

>> No.50681006

>>50680987
If 35% means 35k to you, you must be in a very shitty location

>> No.50681330

>>50680695
do it now or for 10% less next year

>> No.50681382
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50681382

>>50679333
Its different this time dude!!

>> No.50681417
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50681417

>>50680704

>> No.50681498
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50681498

>>50680704

>> No.50681974

>>50680704
nice dude so you're gonna cash it out and buy the dip?

>> No.50682299

>>50680987
That's not how it works. You go up 35% and get 135k from 100k. You go down 10%, that's 121k, not 125.
Realistically the market has already gone down 10% since spring and is still trembling. Another 15% is likely at this point. That would leave you below your initial after sales fees even though it went up 35% and down only 25%.

>> No.50682525

>>50680296
>i have a lot of cash while you guys are suffering, thoughts?

>> No.50682578

>>50682525
hoes mad

>> No.50682634

>>50682299
Who gives af what the valuation of your primary residence is. It can go up or down and it doesn't matter because the monthly payments remain the same (in nominal terms, but actually decreases in real terms as inflation rages on. This is why rent cucks always wind up in poverty because rents go up but mortgages goes down)
>appreciation
lol "appreciation" is broke boomer cope. If you can't eat it, fill your tank with it, pay your cleaner lady with it or buy a plane ticket with it then it's means nothing. In reality the only thing that matters is how much CASH you have pouring in each month. Your house can go up 35% in value yoy but if your monthly cash flow hasn't budged an inch then you're still just the same broke ass wage cuck that you were a year ago.

>> No.50682655

>>50682634
>It can go up or down and it doesn't matter
It does and this fact burned millions in 2008 when suddenly they were underwater by 50k and lost their job.

>> No.50682669

>>50680704
Intergalactic levels of cope

>> No.50682686

>>50682634
>lol "appreciation" is broke boomer cope.
And to add to the boomer cope. You have to pay more in property taxes if your house goes up in price.

>> No.50682758

>>50679333
AAAAAAAAAAAA

>> No.50682882

>>50682655
No, what burned millions is that they were depending on something as fickle as a 9-5 to cover their payments. That's called taking on massive risk, and there happened to be downturn so they paid the piper. Everybody knows that a 9-5 can be taken away at a moments notice. It's not a reliable source of income and should never be treated as such.