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/biz/ - Business & Finance

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51139844 No.51139844 [Reply] [Original]

Picrel is a randomly selected home for sale in my neighborhood. Would you buy this chart?

No? Me either. What are YOUR real estate predictions?

>> No.51139893

>>51139844
How dare you not hold boomers bags you entitled shit. The housing market was the last way they could squeeze wealth out of this dying country and now youre not propping it up?? What are you, anti-semitic??? Kids these days are so lazy

>> No.51139920

>>51139893
>implying you wont be able to sell it at a higher price

>> No.51139923

Colorado Springs houses have gone from 240k in 2015 to 500k in 2022. It's over. Please give me copium it can drop, there are so many Californians here with a ton of money farting on all the real estate and voting blue politics

>> No.51139932

>>51139844
im buying a flat that was last sold in 2008 for 180k and im paying 185k for it. i hope it's a good deal.

>> No.51140356

>>51139923
Colorado is a full blown lefty state. Your done.

>> No.51140534

>>51139844
rates even at their current levels put downward pressure on prices, but for real damage to be done there has to be foreclosures from people losing jobs in the real economy and sales at these new rates. if rate cuts happen before we get to that point, it will just be a low volume artificial dip where it's not actually easier to buy a house

>> No.51140548
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51140548

>>51139844
Buying DRV right now is a free 10000%, and no one can stop the tsunami

>> No.51140553

>>51139923
You need to secede counties to whyoming, chip chop n get on with it before it's too late. You need to gain your "representatives" respect/war again though fear, through their wallet/state budget.

>> No.51140580

>>51139844
RE is coming down a bunch in a rate & consumer driven shock, but it still has excellent long-term catalysts on the other side of this next dip. This upcoming shock is more a matter of giving back gains that were ill-gotten over the past few years than an indication of major fundamental issues.

>> No.51140655

>>51140580
This. Employment is still high and people are still paying their mortgage so nothing crazy can happen in the market yet. Obviously the white flight during the pandemic is what caused the highs so we'll see downward adjustments as stacy realizes she has to drive 20 minutes to get Starbucks

>> No.51140693
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51140693

Idk, I live in the upper Midwest, bought a ~$130k condo that needed some work because I'm single and don't want to spend a ton on housing. My payments come out to about 1/4 of my net income.
That being said, I don't think we are in for a total collapse but an eventual decrease and then it will bottom out somewhere and then start to go up again.
People can't afford buying a new place with the slightly (but still historically very low) interest rates with all of the other shit they are financing. When I've been driving around lately I have never seen so many boats/cars/ATVs/extra shit people buy for sale because they can no longer afford the financing

>> No.51140871

>>51140693
>I don't think we are in for a total collapse but an eventual decrease and then it will bottom out somewhere and then start to go up again.
Thanks for the DD faggot. Why do I even bother?

>> No.51140928

>>51140655
low rates just pulled forward a bunch of activity. There's also a ton of speculation and unprecedented investment in single family housing by entities that don't intend to reside in those houses. That's non sustainable over a longer time frame, at some point there has to be an equalization and end-user demand to support the speculation. Unfortunately, all of that contributed to inflation, and this new downturn is going to cause a bunch of layoffs, put people underwater, probably lead to a big jump in foreclosure activity. It'll take time to recover from all that, but the past decade has seen household creation drastically outpace home building.

>> No.51140931

>>51140655
>Employment is still high
Yessssssssss sister, LOWEST UNEMPLOYMENT OF OUR LIVES BAYBEEEEE

>> No.51141137

>>51140931
Chudcels think people are working two jobs and living on credit LOL sweeties I'm a community manager for a clothing brand and I make $800k/year WFH. America is diverse and powerful

>> No.51141298

>>51140871
That's not very nice anon