House prices are literally never coming down

[Anonymous No.53064232]

The fed could make interest rates 20% and prices still won’t come down. Normies who have overpriced houses will just refuse to sell at a loss and will live in their house instead of buying a new one. Most home buyers already own a home that was refinanced at a sub 3% rate, they are not gonna sell their current place to buy an even more expensive home at 6%. Inventory is also really fucking low. All the higher rates do is freeze the market, they will have very little impact on prices. The only reason housing crashed in ‘07 was that everyone had ARMs so their own payments skyrocketed as rates increased which led to foreclosures and forced selling. These days everyone has a locked in mortgage that will never become more expensive, and there is zero incentive to sell. My current house has a 1900 PITI payment at a 2.25% 30 year fixed mortgage but it would rent out for $2800. I will never sell it due to how cheap my borrowing costs are, I will keep it and rent it out if I ever move to a bigger place. NOBODY is going to voluntarily sell if they are underwater on their current house, this alone keeps prices high. We need forced selling to actually cause a housing crash, and this will only be possible if there is massive unemployment to the point where nobody is in a position to buy or can get loans.

This is the catch 22 of trying to time a housing crash, if you are feeling secure enough in your career to commit to a mortgage, chances are everyone else is feeling good too, thus leading to higher demand and prices. If you are feeling insecure in your job and afraid of getting fired or laid off, everyone else will be afraid too and housing might actually dump. You have to wait until everyone including yourself is too afraid to buy and there is blood in the streets.

[Anonymous No.53064278]

Investors will puke properties a la Zillow and opendoor. In the meanwhile new supply will hit the market and the free debt ponzis won't be able to stock up like before. It's a slow process and there will be price drops but no mass single homeowner dumping

[Anonymous No.53064285]

>>53064232
Is that your wife’s boyfriend’s house?

[Anonymous No.53064312]

>>53064285
I wish my girlfriend would buy us a house like that. She says that I get the basement

[Anonymous No.53064331]

>>53064232
>Normies who have overpriced houses will just refuse to sell
They cant afford 6% interest rates, let alone 20%.
They (((banks))) will use police to evict them from their home, and sell the properties.

[Anonymous No.53064334]

It's starting. It may not have hit your metro yet but the pain is literally just beginning. None of this two more weeks bullshit though, we're in for a long slide.

[Anonymous No.53064343]

Yeah I can wait to pay 990k for pic related in my neighborhood

[Anonymous No.53064363]

>>53064232
1.2 millnio wtf

[Anonymous No.53064378]

>>53064363
here's one for you.

[Anonymous No.53064384]

OP is right.

Truth hurts, zoomers. Millenials were the last ones to be able to purchase property.

[Anonymous No.53064385]

>>53064331

Most people don’t have 6% mortgages almost everyone is sub 3%. You are thinking of ARMs, those aren’t common these days. Once you lock in a sub 3% that’s all you’ll ever pay. The current rates are 6% but barely anyone is buying at these rates, but people are also not selling.

[Anonymous No.53064395]

People won't sell, businesses like Opendoor, zillow, blackstone, and many others will because new law is going through that increases taxes on businesses holding property (I work at Airbnb and I'm not kidding)

[Anonymous No.53064409]

>>53064384
I'm a zoomer and I own a condo. Unless 25 counts as millennial.

[Anonymous No.53064425]

btw check out german house price like in Pullach near Munich or anything near Berlin. Real blackpill, you burgers have at least enough space

[Anonymous No.53064437]

>>53064232
If you want to crash the housing market you need to build a fuck ton of houses.
Govt could (and should) subsidize construction of new homes if they want to actually make affordable homes.

People would flock to nice new homes, including existing homeowners. The subsidy needs to be for new construction though and it needs to be individuals/family's for living as a private singular residence.

[Anonymous No.53064461]

>>53064232
not buying your bags.

[Anonymous No.53064462]

>>53064343
is that a urinal?? Ahahahahahahahaahahahahahahaahahahahahahaahahahahahahaahah

[Anonymous No.53064475]

>>53064437

There’s not enough space lmao. Where are they gonna build them? Unless you are talking a cuckbox high rise apartment building, any new SFH is gonna be 2hrs+
from your job. SFH’s are the most sought after and a SFH in a good location will always be super high price/demand.

[Anonymous No.53064486]

>>53064232
>Assburn, VA

[Anonymous No.53064491]

>>53064385
>almost everyone is sub 3%
for now...
Here they dont allow fixed for longer than 5 years. bullshit i know.

>>53064385
>The current rates are 6% but barely anyone is buying at these rates
but new buyers have to right? = few new buyers.

[Anonymous No.53064498]

>>53064343
what the fuck is going on here? why the chair?

[Anonymous No.53064511]

>>53064491

They’re fixed permanently in the US.
And most buyers are going to sell their current house to move up on the ladder, so fewer buyers = fewer sellers, aka frozen market

[Anonymous No.53064515]

>>53064437
>Govt could (and should) subsidize construction of new homes if they want to actually make affordable homes.
AHAHHAHAHAHAHAHHA look at this fucking retard

[Anonymous No.53064521]

>>53064334
wow crackhouse prices coming down in street shitter central. it's over

[Anonymous No.53064550]

>>53064511
>aka frozen market
lol, unlikely.

[Anonymous No.53064554]

>>53064409
Millennial is all the way through 1995 but it starts to blend

[Anonymous No.53064589]

>>53064521
Sure, ok, here's one right in downtown

[Anonymous No.53064609]

>>53064511
People lose their jobs, get divorced, get sick, all this increases in recessions, and houses go on the market.

[Anonymous No.53064617]

>>53064378
The popularity of that entire area is insane. I genuinely tried to find rental housing in 2016 and you had to use to Facebook roommate groups to find shared accommodation. There were so many houses where you'd have 4-6+ people crammed into rooms just to afford to live there, or you'd have to have sex with the random people that did have rooms to have a place to stay. I can't imagine what it's like now, especially with listings like this happening.

[Anonymous No.53064626]

>>53064343
The more I stare at this image the more I wtf
What is in the floor of the shower? Are those candlesticks in the windowsill? 2000 bottles of ????? on the counter? The urinal, man, the urinal!!! No toothbrush???? WHY IS THERE AN ARMCHAIR???

[Anonymous No.53064650]

>>53064378
>1.8m for a shack in a place i've never heard of
kwab @ the pajeet bagholder who ends up slurping this trashshack

[Anonymous No.53064664]

>>53064232
I feel like they've changed the way that they calculate square footage, because that house doesn't look bigger than 3500. Are they including garage and unfinished/mechanical spaces now or something?

[Anonymous No.53064673]

>>53064617
just move my nigger. it can't be worth whatever employment is in the area. it's over for otagocels

[Anonymous No.53064678]

>>53064232
>Normies who have overpriced houses will just refuse to sell at a loss and will live in their house instead of buying a new one.
>NO NO NO NO you HAVE to sell your house at a loss so you can buy a new one you chuds!
Fuck off we bought our houses cheap and have no intentions to move, it's not our fault you missed the boat anon.

[Anonymous No.53065051]

>>53064678

It really depends on how "house poor" you actually are and if you take a hit to income. If you have no problem making payments then you don't really give a shit.

But if you're barely making it on a house that is underwater you're in a shitty situation.

[Anonymous No.53065075]

Housing prices are already down 10-20% in the west and starting to crash on the east. Just wait 2 years faggot

[Anonymous No.53065499]

>>53064395
Post link to proof of legislation otherwise you are lying.

[Anonymous No.53065551]

>>53065075
This. Anyone saying inventory is low and prices are staying high is either lying or cherry picking specific micro areas. As a whole nationwide inventory is up and prices are down.

[Anonymous No.53065575]

>>53064232
Nigga, the boomers are literally going bankrupt thinking these rates are not going to last. Either they last enough so that the boomers are forced to sell their properties (provided black rock doesn't buy them out fast enough), or the fed hikes rates even further because everything is "ok".

[Anonymous No.53065722]

Work from home ruined home prices. Now even innawoods houses with no jobs in 50 miles are owned by office faggots

[Anonymous No.53065777]

>>53065722
checked and gay ID pilled

[Anonymous No.53065894]

>>53064232
I don't even want to own a house. I'm going to move abroad and rent cheap apartments for the fraction of a mortgage. Actually live my life instead of living a hollow existence.

[Anonymous No.53068713]

>>53064334
You know the nigger squatters you can't throw out are included in the price right?

[Anonymous No.53070042]

>>53064232
I'm surprised there are any transactions. People selling how are getting 10% less than they would have a year ago. People buying are locking in the highest rates in 15 years and the least affordable housing in history.

[Anonymous No.53071821]

>>53064232
>Most home buyers already own a home that was refinanced at a sub 3% rate
>own a home
>at a sub 3% rate
Do you not know the difference between owning and financing?
If there is a recession and a significant amount of people lose their jobs then people would be selling into a market where buyers don't have the means to absorb the inventory.
I hate how many retarded 12 year olds there are posting here

[Anonymous No.53071887]

>>53064232
>ashburn
Come down to hoodbridge bro

[Anonymous No.53071888]

>>53064462
>>53064498
That property probably used to be used as some kind of business.
There probably was another urinal there for handicapped people and there was a toilet used where the shower is now.
The chair might be covering something up. I have no idea what utility is would be there for otherwise and it looks out of place unless that's just a psyop to make you think 'wtf why is there are chair in here?' instead of 'wtf why is there a urinal in here? did this used to be an employee bathroom?'

[Anonymous No.53071903]

>>53065051
Even underwater home owners continue to make payments, no other product on earth is this sticky.

[Anonymous No.53071904]

>>53070042
>most people didn't perfectly time the top
>this is surprising
Come on man

[Anonymous No.53071939]

>>53071903

I know. The people that FOMO'd the top are bagholding for years or defaulting because they will only be able to sell at a significant loss for the next decade.

[Anonymous No.53072268]

[Anonymous No.53072314]

>>53064626
Shoo shoo reddit tourist

[Anonymous No.53072323]

>>53072268
yikes

[Anonymous No.53072457]

>>53072268
holy based

[Anonymous No.53072738]

>>53064589
That is commercial real-estate for an entire building in the most expensive city in the U.S.

>>53072268
L U D O
U
D
O

[Anonymous No.53072856]

>>53064334
>2.9k sq/ft
>14 bedrooms
Did they count every individual room as a bedroom?

[Anonymous No.53072872]

>>53064425
Don't you guys hate our houses? All I ever hear from Euros is how they're so much happier living in a tiny apartment because it's made of brick vs Americans living in wooden houses.

[Anonymous No.53072878]

>>53064232
yet youre worried and coping enough to make this post, interesting

[Anonymous No.53072914]

Why didn't people just buy houses when they were cheap?

[Anonymous No.53073075]

>>53064475
They're going to re-zone the suburbs and build nigger colonies there with multifams.
Lots of old industrial areas are being rezoned too. I see new construction going up all the time so this idea that there isn't room is just wrong. Especially when you consider that you can always build up.

[Anonymous No.53073122]

https://nypost.com/2021/03/05/bathroom-doesnt-have-walls-in-900k-home-for-sale/

>when you shit with the wall open

[Anonymous No.53073138]

>>53064232
They never owned their houses to begin with. They will sell.

[Anonymous No.53073160]

>>53064232
Normies living in their houses is not the reason why housing prices are so high right now you absolute retard.

[Anonymous No.53073228]

>>53072914
A lot of people are either moving because they got a work from home job or because they literally can not afford to live in their home neighborhoods anymore.

[Anonymous No.53073312]

>>53073138
Who is forcing them to sell?

[Anonymous No.53073368]

>>53064232
>The fed could make interest rates 20% and prices still won’t come down.
You don't understand how prices are set, that means you are completely stupid.

[Anonymous No.53073385]

>>53064232
Canadians 6 months ago: prices will never come down.
There will always be an endless parade of low-iq retards who can't add up, like you.
That's why there is still a GME general.
That's why people are still holding bitcoin bags.
Pic related.

[Anonymous No.53073493]

OH NO NO NO

[Anonymous No.53073547]

>>53073493
BABE
THE ZESTIMATE

[Anonymous No.53073632]

>>53064554
>>53064409
https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory#Millennial_Saeculum

>Strauss and Howe define the Millennial Generation as those born from 1982 to 2004.

https://en.wikipedia.org/wiki/Generation_Z

>"Researchers" and popular media use the mid-to-late 1990s as starting birth years and the early 2010s as ending birth years.

[Anonymous No.53073669]

>>53065894
>NOOOOOOO YOU NEED TO BE A HOOMER YOU CAN'T JUST HAVE SEX WITH UKRAINIAN GIRLS IN PRAGUE ON THE CHEAPO UNTIL YOU HIT YOUR 40S THAT'S ILLEGAL AAAAAAA

[Anonymous No.53073727]

the house prices *are* going down, you're insane if you think they won't
they've done so many times before and will do so again
as soon as they stop going down, you will also have a crypto bullrun which will give you the opportunity to buy many houses

>>53073669
that's the entire thing i don't get about houses
it's an investment like any other, yet it's this sort of fetish of normies for whom it is the only investment they will ever make
many of them buy houses in areas that are expensive, but also have no nature, a toxic social environment, lots of taxes etc.

[Anonymous No.53073741]

>>53064232
Building industry on single family homes is slowing way down. OP is correct in what most people will do but nobody is buying houses at the current prices if your monthly payments are double what they would be 9 months ago. I'm hoarding cash and waiting for prices to drop further before building and will rent out my current house rather then sell.

[Anonymous No.53073813]

house prices are already dropping apparently

[Anonymous No.53073821]

>>53073727
98% (maybe 99%) of people don't understand that "money" is issued by credit from private banks.
If you don't understand the supply side of money you can't have an informed opinion on house prices.
Therefore most people are clueless.

[Anonymous No.53073840]

Anon doesn’t know that 26% of the labor force are boomers edging on retirement or death. Our time will come.

[Anonymous No.53073979]

>>53065894
>hollow existance
Kek, you will never be a family man, own a home, play with your children in the green grass of you backyard during Saturday bbq's.
>don't forget to tip your landlord wagie, BTW rents going up another 15%

[Anonymous No.53074017]

>>53064232
>____ prices are literally never coming down
words heard at literally every single top in history

[Anonymous No.53074044]

>>53064232
It wasn’t just foreclosures that forced sales.
A lot of people lost their jobs and couldn’t make the payments regardless of ARM or fixed rate.

[Anonymous No.53074077]

>>53073979
come to my country and watch all the arab families with 4 kids and no piece of real estate under their name
and then move to the rich areas of town and observe all the couples with 2 kids at best, but who own multi-million homes

[Anonymous No.53074123]

>>53064232
Look at all this worthless jargon. I couldn't imagine being bothered to read your boomer rant. 3D printing and AI are going to rape these delusions about your plywood-vinyl piles out of existence. And I'm going to help them.

[Anonymous No.53074152]

>>53064232
>nova
Biggest shithole in the country not even memeing. Terrible traffic, everything's expensive including real estate, it's full of government employees, nobody has any actual hobbies and the people are NPCs.

[Anonymous No.53074162]

>>53074077
What is your point? Shitting out too many kids and financially paralyzing yourself and your children's financial future isnt something to be proud of.

[Anonymous No.53074174]

Digits and all homers rope in 2023

[Anonymous No.53074224]

>>53064232
people saying house prices will crash mean while 1million migrants are flooding into america every year. Youre delusional if you think house prices will crash in some meanful way

[Anonymous No.53074236]

>durrhurr everyone will just bag hold!
A sale of a primary residence and subsequent purchase does not increase net supply, hence a lack of such sales does not hurt supply. The market is moved by 1) new buyers 2) dead boomers 3) investors/speculators. The market will continue declining as long as new buyers are priced out

[Anonymous No.53074260]

>>53073979
>the year is 2030
>his family BBQ has been deemed a hate crime as it doesn’t include POC
>his son is on hormone blockers because his teacher mandated it
>his daughter is a BBC addict constantly taking selfies and uploading them to instagram and tinder to parade for niggers as she does the latest tik tok twerk dance to nigger music
>his wife has divorce raped him and taken the house
>and you vill be happy

[Anonymous No.53074286]

>>53064425
that's what you fucking deserve living next to HELLHOLE MUNICH, you retarded schluchtenjodler.

[Anonymous No.53074312]

>>53074260
>I can't breed
Cope and seethe doomer. You are a genetic dead end. When my kids grow up, you will probably be working for them. still coping, still seething.

[Anonymous No.53074323]

>>53074236
He also doesn't think that people move to different cities for work or other reasons

[Anonymous No.53074346]

>>53071821
Sorry chud, recessions have been deboonked

[Anonymous No.53074380]

>>53073385

[Anonymous No.53074401]

>>53064343
If I had to guess why there’s a urinal there it might’ve been from the previous owners having a autistic kid me and my uncle had to install urinal in a basement for the same reason

[Anonymous No.53074412]

>>53074380
Bottom is in. I bought

[Anonymous No.53074427]

>>53074346
>>53074412

provide proof that you are homeowners

[Anonymous No.53074480]

>>53073840
People don't realize just how much housing is currently being squatted on by two (and now frequently one) rapidly aging boomer. Entire neighborhoods of my city look like retirement communities, and boomers did not live healthy lives, the boomer die off will be much much more rapid than the silents

[Anonymous No.53074519]

>>53065894

[Anonymous No.53074525]

>>53064232
>Bought our house at the bottom in 2021
>Two months after we locked in at 2.5% it shot up 65% in value and we tripled our equity
>Hasn't come down

[Anonymous No.53074955]

>>53074525
> thing that has a volatile price
> largely linked to price of credit
> price of credit up
you'd have to be stupid to think it hasn't come down, whatever your gay zestimate says

[Anonymous No.53075044]

>>53074224
>1 million immigrants making $11/hour will pump my 3/1 1250sqft ranch in the philly suburbs to $1.5 million
The sign of a top is always when people throw all sensibility out the window and leverage out the ass because they’re so confident nothing can go wrong.
>but this time it’s different
Hahahahahaha

[Anonymous No.53075095]

>>53065575
>black rock
They're bleeding money like crazy. Black rock and black stone will actually push the market down trying to save themselves.

[Anonymous No.53075170]

>>53074519
>Chad
>Landlord
Where did this meme come from? Landlords get absolutely butt fucked by rental laws in every state and live the real life version of the clean it up janny meme. I work as a locksmith and one house I did a few weeks ago had shit smeared everywhere and one autist literally did the pour cement in the pipes shitpost but for real.

[Anonymous No.53075439]

>>53075170
>locksmith
Nice. Is there such a thing as trade school for locksmiths?
How much do you earn a year?
Do you like it?

[Anonymous No.53075613]

>almost every house for sale in my area is in a FEMA 5-year flood zone
>they don't even have any flood remediation, just normal ass houses where the front door is ground level and nothing but grass and pavement
One greedy fuck zones shit he shouldn't have a couple decades before I was born and now I'm stuck holding the bag.

[Anonymous No.53075661]

>>53064232
>literally never
Never is a pretty long time frame. Boomers will die off and population will shrink. There will be empty homes and prices will fall accordingly.

[Anonymous No.53075705]

>>53075439
Not that anon, but rules vary massively between different states

[Anonymous No.53075771]

>>53064278
But is it enough? There is still a fuck ton of demand for homes.

[Anonymous No.53075793]

>>53064609
Cool... why are single-family inventory and all-time lows?

[Anonymous No.53075870]

>>53075705
Yeah I remember reading some require license with a test to make sure you actually know what you’re doing and others require you to just purchase a license that anyone can buy. Locksmith is one of those things like bike mechanic that would be so cool to get into but very hard to learn because you have to DIY entirely

[Anonymous No.53075905]

>>53064232
Ashburn is literally hell. Inhabited by DEMONS

[Anonymous No.53075952]

>>53074401
I was thinking the urinal might be an obscure cuck trend cause you know how women flip their shit over muh toilet seat being up

[Anonymous No.53076257]

>>53075905
t. Herndon brownie

[Anonymous No.53076679]

>>53076257
>>53075905
All of you suck.
-PG

[Anonymous No.53076869]

>>53064232
>lose job
>need cash
>want to refinance
>8%
What do.

[Anonymous No.53076914]

>>53064664
>se doesn't look bigger than 3500. Are they including garage and unfinish
They do include the non furnished spaces now, but if you go to google that house is indeed 5k sq ft.
>>53064232
The only thing that will lower housing prices is if a vax mass die out ( a la red deer) happens. I have my condo and a mortgage. I still hope there' s mass die off.

[Anonymous No.53076934]

>>53072268
Drapes and that anime whore on the wall are tacky AF but you make up for it with that furniture game. Solid wood perfection.

[Anonymous No.53076998]

>>53074480
Hoping the vaccine keels this over faster.

[Anonymous No.53077040]

>>53076869
Sign up for a HELOC. Basically a credit card tied to your house. Don't do a full refinance but at the same time, your APR on funds pulled from the HELOC changes based on credit conditions.

[Anonymous No.53077411]

>>53076914
Prices have been pumping on forty years of declining rates, this is complete history, we are at the end of a fiat cycle, they can't print without causing massive inflation, prices will continue to decide,

[Anonymous No.53077469]

>>53064232
>Normies who have overpriced houses will just refuse to sell at a loss and will live in their house instead of buying a new one.

Stopped reading there. Retards literally think there will never ever again be a recession or depression, this is the same boom-bust cycle decade after decade yet somehow this time is different.

[Anonymous No.53077616]

>>53064232
If money is worthless then there's no reason a house shouldn't cost infinity dollars.

[Anonymous No.53077763]

>>53073493
what in the HECK is going on there?

theres no way unless the seller is a retard and listed his 1 bed for $3mil for shits and giggles

[Anonymous No.53077782]

>>53065722
>>53065777

Check em

[Anonymous No.53078066]

>>53064395
>1 post by this ID
nah

[Anonymous No.53078078]

lol its only the beginning

wait till the boomers die off and no one buys homes for a while

[Anonymous No.53078340]

>>53072268
Man of culture

[Anonymous No.53079264]

>>53064232
If rates go to high then people just won't be able to pay their mortgages and will have no choice but to sell. This has fundamentally broken the monetary system because the West was supposed to run on a Keynesian system where you need to be flexible in times of hardship you spend and in times of plenty you save. Because of the mortgage situation the rates have been kept artificially low for decades so instead of saving during the good times in anticipation of future bad times they just spent like there's no tomorrow.
Soon they might be right, there will be no tomorrow for the current financial system.

[Anonymous No.53079355]

>>53079264
>If rates go to high then people just won't be able to pay their mortgages and will have no choice but to sell
Why the fuck do people keep spouting this bullshit?

[Anonymous No.53079412]

you idiots realize that idiots just like you get variable rate mortgages right? not everyone is on fixed mortgages

[Anonymous No.53079417]

>>53064232
That's actually a nice house.
>>53073821
I'm pretty sure that it was intentionally decided to completely ignore educating people on basic economics, you know, shit that they actually need to know.

[Anonymous No.53079421]

>>53079412
Just looked it up and around 10% of mortgages are ARMs

[Anonymous No.53079429]

there will probably be a correction next year then slight upward crab forever

[Anonymous No.53079437]

>>53079355
Because most nations don't have fixed term lifetime mortgages.

[Anonymous No.53079449]

>>53079421

data is more complicated than that, you'd need to look at recent purchases, geography, etc. it's more important to know in 'booming' locations with high turnover what the pool looks like, we don't care about the many people that have bene in their homes for 30 years in nebraska and arent gonna sell anyways

[Anonymous No.53079484]

>>53079437
Why not

[Anonymous No.53079628]

>>53075793
Because the labor market is still strong (for now).

[Anonymous No.53079643]

>>53064232
nothing comes down during hyper inflation.

[Anonymous No.53079659]

>>53064232
Delusional cope. The suburban ponzi means it is only a matter of time when someone builds another suburb just outside of your suburb.

[Anonymous No.53079705]

>>53079643
>8% CPI
>hyperinflation
This isn’t Turkey, Lebanon, or Venezuela

[Anonymous No.53079909]

>>53075952
It used to be women protesting that urinals shouldn’t be allowed in men’s bathrooms because women don’t use them. Now it’s urinals in women’s bathrooms because feminine penises.

[Anonymous No.53081204]

>>53065575
Most boomers wont even make it to the top of the next bull run. This is now the time that they will realize their gains to go into retirement. The biggest generation is going to be selling off for the next 10 to 15 years.

[Anonymous No.53081243]

>>53081204
Why won’t they just die

[Anonymous No.53081298]

It's WINTER dummy absolutely no one buys or sells in the winter. Springtime is when the prices drop, learn to read graphs

[Anonymous No.53081387]

>posts about ARMs
>posts about population decline

/biz/ Needs flags

[Anonymous No.53081407]

>>53064498
every bathroom got the cuck chair

[Anonymous No.53081621]

>>53064232
the only wildcard is lumber/commodity prices. Lumber has gone from $1600 to $400, if prices continue to drop it will eventually become cheap just to buy new housing and no one will need to buy other peoples bags. Otherwise, you are correct.

[Anonymous No.53081728]

>>53081621
What about land? Everywhere where I want to live there is a house on that lot already.

[Anonymous No.53081745]

>>53074401
kek, why cant autists use a regular toilet?

[Anonymous No.53081835]

>>53064385
>almost everyone is sub 3%
Maybe 10% of homeowners are sub 3

[Anonymous No.53081867]

>>53074312
>in-fighting
cringe

[Anonymous No.53082161]

>>53064343
comfy

[Anonymous No.53082209]

Best neighborhood in Chicago to buy?

[Anonymous No.53082233]

>>53064626
very reddit

[Anonymous No.53082316]

>>53064589
Wow, 6% price cut.... I mean, it's something.

[Anonymous No.53082335]

>>53074480
Thanks for the copium injection, anon. Yeah, many boomers took the clot shot and won't be living for much longer.
I'm looking forward to the great die-off.

[Anonymous No.53082349]

>>53072268
mmm yes a brandy snifter mmm my darling please spread those musky cheeks for me another quail egg my dear?

[Jealous No.53082410]

>>53064232
>Normies who have overpriced houses will just refuse to sell at a loss and will live in their house instead of buying a new one.
What is new construction?

[Anonymous No.53082417]

>>53064232
20% interest rates would bring a deep recession that would cost these normies their jobs. How are they going to pay utilities + property tax?

[Anonymous No.53084123]

why can't we outlaw large institutional investors of housing market that keep squeezing housing market by buying homes for rent. Clearly the proportion of population dependant on it seems to grow bigger and stronger ?
Housing is basic human need and it suppose to be affordable .The fact that you have to give away significant proportion of your income to somebody else makes me furious. Why is there no opposition to it ?

[Anonymous No.53084302]

i live in a metro in a flyover with a traditionally extremely stable housing market... right now prices are very stagnant but inventory still seems low.. best case scenerio for the near term is prices drop 1%
but they are still slowly creeping up at like 1%

[Anonymous No.53084404]

Well here's the thing faggots:

If there is such a thing as an efficient market, real estate is the farthest thing from it. There is not a more inefficient market that's commonly accessible to the little guy. It has massive transaction fees, ongoing costs in perpetuity, and middle-men at every single possible point for what amounts to a pile of dimensional lumber, fiberglass batting, some sheathing, and a bunch of drywall panels. It's extremely local, involves a bunch of crazy archaic systems that buying an selling a share of an ETF never had, and involves way WAY more variables that you, an uneducated street shitter who wasted their youth gambling on shitcoins, can ever hope to account for. For some reason you all seem to think that rates are far and away the biggest, and possibly the only thing governing asset prices. I'm not sure where it is you got this idea.

When prices of homes crashed and the global financial crisis began, it is true that central banks made it as cheap as possible to lend money and instigate economic activity. If it had a secondary effect of triaging asset prices, it took years for that to happen. I guess that you all think the converse will happen because rates climbed back, and that might have been the case if you were evaluating Tbills or something, but you aren't, because housing is not primarily an investment, because as outlined it makes for a shithouse investment.

Either evaluate the decision to rent or own with the conditions that exist and you have to live with now or keep screeching "two more weeks" until you die of old age having paid a landlord the entire time. You will not time the market as you hope to.

[Anonymous No.53084479]

>>53064232
What a wired looking house
And there coming down quite a bit here

[Anonymous No.53084500]

>>53084404
rates are still historically low or at least in the middle

[Anonymous No.53084525]

>>53064334
I saw this.
It’s a nice neighborhood but that’s a glorified flip house. Unless you plan on being a slumlord that needs some major work.
>>53064521
It’s a good area and a room is still a 1000 per month most likely

[Anonymous No.53084529]

>>53064232
>The fed could make interest rates 20%
They couldn't though, the economy is close to depression as it is, you fucking tool. Lurk for 2 years before posting again. You don't know shit and that's obvious.

[Anonymous No.53084562]

>>53064232
Forced selling will happen because some boomers have their entire retirement based around their home's equity and prices are coming down. Investment banks which own a shitload of homes will be selling them in favor of high bond yields without having to deal with tenants. Big firms are definitely selling and buying the bottom of this bond market.

[Anonymous No.53084573]

>>53084525
>flip
Flop
>>53064589
That’s the fucking gettho
That’s like 4 mil overpriced as well. If not more.

[Anonymous No.53084577]

>>53084500
In the scope of modern America, because of Volcker, yes. In the history of all capital markets for which we have data, they are about typical now.

[Anonymous No.53084578]

>>53084529
If they made it 20% you'd have investment banks selling EVERYTHING to go all in on government debt. OP is retarded and doesn't understand what high rates means.

[Anonymous No.53084579]

home prices are already going at least 25% under asking and I am in the most desirable place in the nation. cope hoomers.

[Anonymous No.53084653]

For the retarded and the slow in this thread (like OP):
High interest rates act like a sponge for the debt markets, sucking massive amounts of capital out of asset markets. Over a long enough period of time, assets WILL come down and they ARE. This is shit you should've learned in your first macroeconomics class.

[Anonymous No.53084929]

>>53064232
Always funny how almost no one understands that the house covers the loan. The monthly loan installment doesn't matter. If the prices go down, you have to add money. If you don't have the money, you have to sell. Which one of you can add 50k? Then the prices go down further because the first ones can't do it. Who can then make 100k? And it goes down further. Always in such a way further. Most of you are mentally not capable of business. But that will not save you.

[Anonymous No.53085208]

>>53084123
Because bootlickers would cry and say that's socialism or communism or some such ;_; ;_; muh free market!

[Anonymous No.53085446]

>>53084929

Not how it works, being underwater is fine as long as you don’t miss mortgage payments or need to sell

[Anonymous No.53085492]

>>53085446
Surely not. This means that the creditor assumes the risk. How long do you think the creditors will go along with that? 90% coverage may still be okay if the government promises to step in. But at 80% at the latest, everyone gets nervous and panic breaks out. Especially when the creditors of the creditors start to make pressure. Do not be naive.

[Anonymous No.53085494]

>>53064232
This house only costs $2k/sq m. In any central European post communist country, such house would cost $6k to $10k per sq m.
Americans have not idea what suffering means.

[Anonymous No.53085496]

>>53084929
The monthly payment doesn't adjust according to the zestimate or your arbitrary value assessment
You are locked in at the rate and value of the loan you took for the mortgage
Hardly anyone in the USA has ARM's anymore
I locked in @ 2.5%
The monthly payment won't change
Your post is rentie cope

[Anonymous No.53085532]

>>53085496
lol stupid cunt. What do you think your bank tell you if you have a loan of 1 million while your house market price is 500k? You mean they are ok with take the risk for you?

[Anonymous No.53085566]

>>53085446
>>53085494
none of you get how Subprime mortgage crisis worked

[Anonymous No.53085606]

>>53085532
They take the house if the mortgage goes under
The 'market price' of the house is irrelevant to that
Have your rent check ready tomorrow morning
>>53085566
I have great good goy score, not my problem
You sound mad about something though

[Anonymous No.53085661]

>>53085606
So you think they are ok with losing half million if you lose your job next week. Tell me which bank this is, please.

[Anonymous No.53085713]

>>53085661
They aren't losing money by taking the house through liquidation
They'll sit on it and rent it out, or sell at the lower value but with higher interest rate to earn the same $ or more over time
Regardless I live in a HOT area of USA where everyone is moving, I'm up 20% even in this environment
I could afford the payments for years while job hunting
Your time preference is not the same as a bank

[Anonymous No.53085739]

>>53085606
> Market price irrelevant
This is such poor advice.
The price of credit has changed, prices are falling.

[Anonymous No.53085771]

>>53085713
As bank insider I can tell you that it do not work this way. Banks have creditors too. You had good time with your stratigy because boomer have done everything to protect their wealth. But economy god is coming for you. Be prepared. Im out.

[Anonymous No.53085898]

>>53085532
doesnt matter what they think, the contract is signed

[Anonymous No.53086025]

>>53085532
>>53085771
>bank insider
>doesn't know how a mortgage works
Yeah you're an insider alright, you stand inside a bank doing unarmed security for $11/hour

[Anonymous No.53086042]

>>53085771
Sounds like the banks problem for taking on more risk than they were prepared for

[Anonymous No.53086046]

>>53064232
US average house price per sq ft: $160
UK average house price per sq ft: $438

It can get a lot worse. If anything US house pricing is low.

[Anonymous No.53086049]

>>53064232
> ashburn va
I live in NoVa, ashburn used to be the middle of no where, but now all the big IT companies have moved out that way and all the data centers are out there. Those prices reflect all the 6 figure incomes from the IT employed people and government workers.

[Anonymous No.53086062]

>>53086046
The US is as big as Europe with vast undeveloped regions that can support more urban sprawl

[Anonymous No.53086169]

>>53086046
>If anything US is cheap
Two big reasons why your housing is relatively so much more expensive on a sqft basis than ours.
First, your average home size is 818 sqft.
Ours is 2,164 sqft. The more you build the more of a discount on building costs you get so even if the total price is higher the PSF is lower.
Second, the United States is 40x (3,973%) larger than the UK. We are able to average out places like NYC and Malibu with places like the entire Midwest region.

[Anonymous No.53086222]

>>53086169
>>53086062
It is bigger but the point is that anyone saying "US housing has risen x amount this year, it's unsustainable" is wilfully ignorant. The US has very cheap housing on a global level and it doesn't necessarily need to go down.

[Anonymous No.53086280]

>>53064232
>OP's pic
The absolute STATE of yank architecture

[Anonymous No.53086321]

>>53085771
>But economy god is coming for you
what does that mean? good or bad?

[Anonymous No.53086352]

>>53072856
kek

[Anonymous No.53086363]

>>53064232
Because selling property when you’re down on it is the biggest retard move you can make. Land is finite. Your payment is fixed (if you’re not an adjustatard), unlike rent which will continue to increase. We learned from our 08 comrades. Do not sell. Eat soup and make that mortgage payment.

[Anonymous No.53086660]

>>53064425
fuck your metric currency

[Anonymous No.53086815]

>>53079484
Don’t listen to him. I’m in a country where I was told the same thing he is saying but my bank gave me a 30 year fixed rate.
It all depends on your LTV ratio, if you put a higher down payment than required you have access to a 30 year fixed rate.
But the issue in Europe at least in my own country is worse than this because they’re doing 40 year mortgages and people will rather get the ARM because it’s usually half of the interest payment on monthly nominal terms. For example my payment is 248 (140 of it is interest) but had I gone to ARM my payment would be 148 ( at that time) because Euribor was effectively zero, not only was it zero but the negative part was taken from the principal lowering your loan. It’s great if rates are negative, what’s baffling is that people think these things last forever.

[Anonymous No.53086841]

>>53081243
Know what’s funny? When they do die they won’t leave any real estate behind either because the nursing home usually takes all of their property as part of the deal for taking care of them.
And their kids get nothing.

[Anonymous No.53086869]

>>53084404
When the economy began heating up in 2017 they should have raised rates then. Not a lot but began slowly maybe 1% per year. And we would have had a more stable longer lasting good economic period. With normal housing prices

[Anonymous No.53086891]

>>53072268
I used to fuck guys like you in prison

[Anonymous No.53086907]

>>53085771
>bank insider
>doesn’t even understand what a mortgage is
Listen dude. Banks have made their money as soon as the closing is done. They don’t hold a mortgage for 30 years. They sell it to someone who wants to sit on and collect the interest payments.
Ask your mommy how many times the mortgage has changed companies.

[Anonymous No.53086923]

>>53073385
See 2017? That's your future from today's point.

[Anonymous No.53087076]

>>53064498
Look at this guy, masturbating to his wife peeing while standing like a cuck. What a loser. Every bathroom should have a masturbation chair.

[Anonymous No.53087086]

>>53072268
Classy neckbeard’s room

[Anonymous No.53087091]

>>53086280
>euros are so poor they don't even recognize a garage door is lmao

do you even own a car, or are you too poor for that as well

[Anonymous No.53087139]

>>53076914
>2 MORE WEEKS

[Anonymous No.53087307]

>>53086869
they actually did begin to very slowly raise rates, remember the "taper tantrum" shit and donald trump bitching about jpow then?

they overreacted when covid hit

[Anonymous No.53087350]

>>53064232
how many home owners have student loans they haven't paid a dime on for the past few years?

Shit is fucked. the un-affordability can't continue, but inflation is here to stay. The U.S. government has already been giving out billions to pay for mortgages for the past year.

This country is so corrupt and broken.

[Anonymous No.53087392]

>>53086907
typically they sell to fannie and freddie, which means federal taxes on wagies heavily subsidize all hoomers and landlords

[Anonymous No.53087504]

>>53087350
>how many home owners have student loans they haven't paid a dime on for the past few years?

Probably not many...the banks don't like to give big loans to people who have shit credit ratings and have a $50,000 loan they haven't been paying. They see that whenever somebody applies for a mortgage. So to do that you'd have to either inherit the house, or have enough money to buy a house with cash but didn't pay the student loan off for some reason.

[Anonymous No.53087569]

>>53087307
They didn’t actually raise rates. And in Europe it was negative. If the rates had risen then by 1% a year by 2019 it could be at 2% and heading towards a more stable and reasonable rate and economy.
Trump has nothing to do with rates

[Anonymous No.53087624]

>>53082335
My paternal grandparents had 9 kids, 5 are dead already, grandparents still kicking. Boomers are not a healthy generation, very few will see 80

[Anonymous No.53087657]

>>53086222
Ok but your logic doesn't consider everything that made it rise in the first place.
It make no sense that reversing all the factors that led to housing inflation would have no effect on housing.
>>53086280
Go ride a bike Anders Van Der Fagget
>>53087091
Do you actually think he doesn't know what a garage door looks like and that image wasn't a meme?

[Anonymous No.53087733]

>>53087504
Student loans in forbearance aren't counted as full debts for loan purposes, they charged the rules during the Corona PnD to pump asset prices even further.

[Anonymous No.53087845]

>>53087733
>>53087504
For example, loans in forbearance pre- scamdemic were calculated as 1% of total for DTI purposes ($100k student loan would be calculated as a $1000/m debt payment for DTI purposes) this was changed to 0.5% during corona, given current rates this is only about 25% of what your actual loan payments will be when loans resume.

[Anonymous No.53088079]

>>53079437
>doesnt have a sub 3% fixed rate mortgage in burgerland
>has to cope by pretending burger mortgages dont exist and EVERYONE in the world is stuck with ARMs
Not my problem

[Anonymous No.53088186]

>>53085661
Most mortgage brokers turn around and sell the mortgage to fannie may, who then packages them up and sells them as agency securities (non defaultable), government guaranteed. If the LTV is above 80%, mortgage broker requires client to pay private mortgage insurance which allows them to sell it to fannie may as if it were a prime loan, and the default risk is transfered to the insurer. Post 2008, US mortgage market has a fuckton of risk safeguards in place to protect banks. It's common for banks to create mortgages, collect fees on loan origination, but then turn around and sell them. They are limited on what % of their total assets can be non agency mortgage securities (i.e. non insured, all risk on the bank) to a very small fraction. If the risk is anywhere its in people's pension funds, or inside insurance companies, or on the government.

[Anonymous No.53088234]

>>53064343
>Me and the homie touching knees while he's on the toilet
Friendship goals

[Anonymous No.53088245]

>>53064425
Aren't you glad you took in so many permanent refugees?

[Anonymous No.53088264]

>>53064475
With increasing remote work, the demand for being near city centers will slowly decrease making SFH projects further afield more viable

[Anonymous No.53088279]

>>53088234

[Anonymous No.53088535]

What's the point? Even IF real estate crashes significantly, you'll only be able to take advantage if you can buy outright in cash. For normal people, the mortgage rates will be so high after a crash that they'll end up paying just as much (if not more) than had they bought a house at peak prices but lowest interest rates.

The game is rigged. The jews will just vacuum up more property for cheap while the rest of us are still sidelined.

[Anonymous No.53088643]

>>53088535
you dont have cash on the side ready? ngmi

[Anonymous No.53088649]

>>53084123
>Why is there no opposition to it ?
Because everyone except the individual benefits from it. Politicians, corporations, obviously landlords, all love the idea of people being so dependent on their next paycheck/government handout in order to pay rent. If people own their own homes, they're far more independent and resistant to economic pressures. Someone renting, on the other hand, is essentially under constant threat of eviction if they don't maintain their social standing.

[Anonymous No.53088714]

>>53088535
High rates mean prices will come down. You will pay five to ten years at high rates and then you refi when rates come down

[Anonymous No.53088970]

>>53087569
yes, yes they did

[Anonymous No.53089103]

>>53073312
Yakuza

[Anonymous No.53089134]

>>53088970
>penny ante raises to 2.5% over half a decade
totally the same as now

[Anonymous No.53089315]

>>53088970
Honestly wasn’t aware of this. They should have kept it.
And the ECB should have followed through. Just look at this shit.

[Anonymous No.53089569]

>>53064232
So basically these houses are expensive because the educated people that inhabit San Fran earn at least $80k in an entry level job and some can earn well beyond $120k
Mostly tech company, industrial design brainiacs.

Previously only the educated %10 could come close to affording something like this and even then the price was adjusted to be more in line with typical earnings.

Once the economy slows down there will be mass layoffs of entry level roles and probably an overall reduction in wages which will cause houses such as these to drop in price slightly and will absolutely ravage the price of houses in undesirable "second option" places.

They say the best time to buy a house is when you can afford it. If nobody can afford the prices being asked then nobody will be around to prop up the overall increase in prices. Buying a house is putting a stake into the market and even if nobody is buying then as long as you continue to pay your mortgage the price will hover because most people will refuse to sell at a loss (unless they NEED to sell).

Most people will realise that in terms of equity a house is a giant boat anchor unless you're getting good value (cheap).

Also if the typical family is blowing their entire salary on their mortgage then it will shoot the economy in the foot as there will be no disposable income to use on goods and services. Leading to American businesses shutting down, leading to loss of jobs, leading to housing defaults.

[Anonymous No.53089865]

>>53088714
Refinancing have a cost. Mortgage are amortized so that the first ten years are nearly completely interest payments, exactly so that you can't do what you described without getting jewed by years worth of almost completely interest only payment.

The only way to win is to buy with cash when rates are high and prices are comparatively low.

[Anonymous No.53089969]

>>53089569
>So basically these houses are expensive because the educated people that inhabit San Fran earn at least $80k in an entry level job and some can earn well beyond $120k
thats not a lot of money in sf

[Anonymous No.53090006]

>>53088714
You assume that they will refinance your house. Just because rates come down dosen't necessarily mean borrowing will become easy of that the mortgage rats will follow the fed funds rate immediately.

[Anonymous No.53090014]

>>53089569
Nigger. They’re is to many people with six figures in their bank account. The fed needs to rob these mother fuckers before we can go up

[Anonymous No.53090059]

>>53089865
The way it works is you buy a house with a payment you can afford and by that I don’t mean the highest possible payment that will leave you no room to do nothing else.
You buy something you can afford with room to spare and then you take some extra savings and you double your payments so that you cut down your principal in the very first few years of the mortgage. And by doing this you cut down on your 30 years into 20 or 15.

[Anonymous No.53090062]

Gold > Real estate

Gold is fungible, housing is not (unless you're a soulless bugman vagrant). Gold is durable. Houses can burn down. Gold is divisible. Housing is only divisible in a legal/equitable sense. Gold is portable, only some housing is portable. You have to depend on the authorities to protect your property rights (unless you have a gun), whereas you can just hoard gold away and nobody knows about. Literally accumulate gold until the next WWII-tier crisis then buy wasteland shit dirt cheap.

[Anonymous No.53090074]

>>53090006
Down the road when interest rates come down banks will compete to offer mortgages. There will be lots of credit institutions willing to refinance.
Plus lower rates means that real estate prices go up, suddenly your property has gone up in value and you owe less than the house is worth.

[Anonymous No.53090211]

>>53064232
the prices will come down rapdidly in about 10 years when all the cardboard boxes bought as temporary investment properties are beginning to fall apart. for now most home owners are sealed into their properties and still under the delusion that they will be able to sell for more. but don't worry, blackrock will make sure that there are only two options: stay in your overpriced depreciating asset or sell for less and move into an apartment inside a communist block close to your factory.

[Anonymous No.53090220]

>>53090062
> A roof over your head is a basic need
> Gold is not a basic need

If we ever go back to a time where we need gold for payment, we’ll also be back in a time where laws don’t exist. You would already need considerable power to defend what you have. Some schmucks gold currently valued at 50K hyperinflating to 5mill when WWIII breaks out will just lead to him getting murdered for his assets. Right now there just isn’t as big a need for gold as there is for a home.

[Anonymous No.53090227]

>>53064232
That's actually a pretty good price on a house that big in Ashburn. Did niggers destroy the inside or something? What's the catch?

[Anonymous No.53090253]

>>53064232
>Normies who have overpriced houses will just refuse to sell at a loss and will live in their house instead of buying a new one.

They're not overpriced if that's what they're selling for, retard.

Why the fuck would anyone "sell at a loss" because YOU covet what they have? Fuck, you're an entitled little cunt, aren't you?

[Anonymous No.53090275]

Oh you wanna low ball me when I'm selling? Oh you can't afford more because of the interest?

Tough shit, I'm not selling below asking.

You're going to boil slowly with rising rents while I'm sitting pretty with a low 30 year locked in. You cook frogs and renters the same way. By slowly raising the temperature (rent).

[Anonymous No.53090286]

>>53087657
My logic is mostly based on the idea that surely there's no way you want to ring in the new year without uploading a penis and balls pic to /biz/ right?

[Anonymous No.53090334]

>>53064491
>Here they dont allow fixed for longer than 5 years. bullshit i know
What the fuck? Where?

[Anonymous No.53090355]

>>53064232
It seems you need a proletariat revolution and land reform.

[Anonymous No.53090372]

>>53071939
Yep. My boss didn’t break even on his Maryland townhouse he bought in 2007 until this year.

[Anonymous No.53090401]

>>53073741
>I'm hoarding cash and waiting for prices to drop further
But so is everyone else.

[Anonymous No.53090442]

>>53075905
>>53076257
>>53076679
Wow look at all the DMV-area glowies on 4chan.

[Anonymous No.53090594]

>>53090059
There is no getting around that fact that refinancing means restarting the amortization schedule, and you end up paying mostly interest all over again. This is by design.

[Anonymous No.53090720]

>>53090334
((((Canada))))

[Anonymous No.53090802]

>>53064343
Wtf is happening

[Anonymous No.53090859]

>>53084404
So with Tbills offering the same returns for 12 months as a renter does, will investors still keep their properties?

[Anonymous No.53090892]

>>53064515
Indeed. I actually have to fucking wonder who purchases these McMansions and McTownhomes they build in a weeks time.

[Anonymous No.53090910]

>>53074480
Vacancy matters not, dear anon. The Banks(or Jews, whoever you wanna blame) have made it so the price of a house is nigh impossible. Even if they sucker you into a long-term plan, you have the government smacking you extra for just having the place.
Our parents fucked up.

[Anonymous No.53090912]

It's really simple. The economics don't make sense and we have a big retiree and inheritance wave. 80 year olds can't use a two story house. Just wait if you want a high end home. Rent, move to a low COL state etc. Don't tie up large wealth into your house and get by with something livable while putting more money into sp500

[Anonymous No.53090914]

>>53064232
Dunno, prices look decent to me.

[Anonymous No.53090934]

>>53090910
Well, regulations especially in California drive up entry level home costs but not in every market in USA. I think there is a lot of hope that by 2030 housing will start to become affordable.

1. Garage will be obsolete by self driving taxis. Saving costs.
2. 3d printed and factory built homes are getting better. This is something being done worldwide. AI helps factories automate more
3. Retirement waves worldwide. There is a big older population hoarding homes. A lot of younger people don't like mcmansion spending and want something liveable but not large

They will want the equity not the home and sell their inherited home for money

Like if I can get a shitty factory home for 1500 sq ft for half the price of regular id do that and wait a decade

[Anonymous No.53090991]

>>53090442
I’ve found a bunch of fellow cleared glowies on this board over the years

[Anonymous No.53091214]

>>53064232
normgroids are god tier