Housing market

[Anonymous No.53706558]

I hate how people have this stupid idea that the housing market is going to crash or something when the reality is pic related. And if you don't know what I mean, its that we don't have enough construction workers, thus we won't be building enough new homes to put downward pressure on prices with higher supply. Demand has cooled with rates, but people still need places to live. I think we will see corrections in some markets like San Francisco, but overall, the market isn't going to move much nationally.

[Anonymous No.53706593]

I have never seen a black female construction worker in my entire life

[Anonymous No.53706609]

>replaces you're construction workers
heh, nothing personal, kid

[Anonymous No.53706613]

>>53706593
I've only seen 40 year old white or black alcoholics.

[Anonymous No.53706620]

>>53706558
It sounds like the obvious solution is some kind of construction robots and streamlined manufacturing methods for assembling on-site.

[Anonymous No.53706622]

I have never seen a female construction worker in my life

[Anonymous No.53706625]

>>53706593
I have all the time, but they don’t actually do construction, they’re the person at the door to the job site lot making sure randos don’t just walk in, or on road crews it’s the person directing traffic with the stop sign thingy

[Anonymous No.53706627]

>>53706558
>that low IQ normie who still falls for the "shortage of workers in labor sector x" meme

[Anonymous No.53706654]

>>53706609
Oh yes, million dollar machines requiring setup and tearing down will totally replace construction workers!
>>53706620
I will say I don't like streamlining construction because cookie cutter homes are trash
>>53706627
I have a friend who manages a road construction crew. She is hurting for workers too and was asking me how to get young people into it (and recruit me but I already make big bucks doing software development).
I told her have 40hrs weeks. Boomers maybe want overtime, zoomers want to get out of there and still have their summers

[Anonymous No.53706662]

boomers fear this chart

[Anonymous No.53706663]

>Demand has cooled with rates, but people still need places to live.
you don't think poor people will go homeless or live in their van? they absolutely will.
>I think we will see corrections in some markets like San Francisco, but overall, the market isn't going to move much nationally.
You'll see at least a 20% drop.
and given how far out that is, might take a year or two, it's probably conservative and hit a 35% reduction.
You'll also get a 'supply increase', not from home builders, but people dying in some slavic shithole or china.

[Anonymous No.53706701]

Prices have moved down a bit from last year's peak, but not all that much and like you said it's not universal.
And also like you said, not enough affordable shit is being built. I really have to wonder who the hell is out there that can afford all of these copypaste million dollar mcmansions.

My salary is 100k and my take-home is ~$4500/month. If I understand the 28% rule right in that it goes off my total untaxed income, I should be aiming to have a mortgage payment of up to 2300/month, including insurance, taxes, and any HOA fees.
That puts me in the range of properties that cost 350k or less. There just aren't many of those around here, and the ones that do fit in that range are dinky 1 floor hovels or beat up townhouses, or apartments/condos.
Maybe I just need to accept that wanting more than that is living beyond my means, but I worry that these kinds of properties are currently overvalued and/or won't hold their value well in the future.

Have any of you guys also been looking? Or gone through and made a purchase, even? What's it like out there? I'd appreciate more data points.

[Anonymous No.53706740]

>>53706654
>retard manager claims a shortage
>refuses to make the job more attractive
>is therefore satisfied with this "shortage"
sounds like there isn't a shortage after all

[Anonymous No.53706745]

>>53706663
>you don't think poor people will go homeless or live in their van? they absolutely will.
For that we need a major recession or depression. And if we get that kind of economic condition, I think we will have bigger issues than the housing market
>it's probably conservative and hit a 35% reduction
In SanFran or in general? I can see the bay area, not nationally. There is no reason for it to, there isn't the supply to push it down.
>people dying in some slavic shithole or china
>supply increase
What the fuck are you talking about?

[Anonymous No.53706748]

>>53706593
Theres a pretty big construction and handyman channel called seejanedrill run by a black woman. Black women dont live life on easy mode.

[Anonymous No.53706778]

>>53706701
i make the same as you and am seeing the same shit in my region (southeast pennsylvania / greater philly area.) i've resolved to rentcucking for another year. i'm seeing houses do a literal 2x in monthly mortgage payment compare to Q4-20. it's not sustainable.

[Anonymous No.53706789]

>>53706662

This. What comes up must come down.

[Anonymous No.53706811]

>>53706620
Each construction project is different, automation only really works in mass manufacturing.
Almost nothing would be saved with it since labor is only 10% of building costs

[Anonymous No.53706817]

>>53706748
>Black women dont live life on easy mode.

Oh my god lmao, compared to who anon?

[Anonymous No.53706819]

>>53706701
I bought mine in 2019 for $190k. It's probably $250k now.
>around here
Then move somewhere else. That's just the nature of things that your metro area is pricey. I don't see them going down really. What area are you in? I see demand for large metros staying high and rural not so much, which is good for me as I want to stay rural and buy lots of land
>>53706740
>>refuses to make the job more attractive
This girl is 26yo, the same age as me. She just doesn't know how to make it more attractive. She's used to boomers and those types of workers and isn't creative enough to figure out how to make it better. I helped her with that giving her tips on what I would want. They do offer good money I think like $20-30/hr but nobody wants to work 50+hrs a week in the summer when they can be at the lake and also these jobs are maybe 2-3hrs from home and you're staying in a hotel. If she could do something like 3-4 days on, then 3-4 days off would be ideal and not force overtime but just a straight 40. I wouldn't mind that at all.
>>53706662
I don't. Cope harder

[Anonymous No.53706823]

>>53706778
sounds like the whole eastern seaboard is fucked

[Anonymous No.53706831]

>>53706654
It's perfect for a new housing development.
>rent machine and engineer services after all the plans and design are complete
>truck machine to development area
>engineers set it up
>work on one house
>move to next lot
>work on next house
>move to next lot
>rinse and repeat until all houses are done
>truck to next jobsite or home base for maintenance

[Anonymous No.53706842]

>>53706817
Compared to white women. Ugly women need to work.

[Anonymous No.53706844]

>>53706745
>For that we need a major recession or depression
no, we don't. when gas prices were at their peak, many Californians started living out of their car, because they simply couldn't afford rent.
Not to mention the WEF has pushed 'tiny house living' or 'van life' for the last 10 years...
>In SanFran or in general? I can see the bay area, not nationally. There is no reason for it to, there isn't the supply to push it down.
'nationally' in the sense, any 'city', or really non-rural areas.
Texas stated they expect a 20% drop and these numbers are always underestimated.
so just, simplest objective metric I could provide, any place that consistently has 10% yoy appreciation, will be subject to a 35% drop.
>What the fuck are you talking about?
american citizens dying in WW3.

[Anonymous No.53706845]

>mortgagecuck cope
Entire last decade has been a low volume scam wick, total supply is healthy and will only get looser as boomers return home to the lake of fire

[Anonymous No.53706855]

>us population growth plateauing but there needs to be a gorillion more construction workers because.....there just does, okay, it has nothing to do with Jewish corporations and pension funds using real estate as an investment plus gay as fuck zoning laws plus foreign buyers being allowed to do whatever they want

[Anonymous No.53706875]

>>53706609
who are those guys in the pic, kind of sus, they seem like construction workers

[Anonymous No.53706880]

>>53706701
yeah this is a demoralizing truth to this situation. how are people qualifying for loans that are above that 28% rule?

[Anonymous No.53706906]

>>53706823
yeah, it's bad even in rural places, like my flyover hometown in northeastern pennsylvania. i think things will get more interesting this summer. fed committing to more rate hikes after today's CPI and last month's jobs data, combined with the seasonal expectation for higher prices / faster sales on real estate in the spring and summer months.

[Anonymous No.53706909]

>>53706819
>It's probably $250k now.
What kind of property is it? Single family home, flat, etc.?
My job keeps me here. I feel like I've got it pretty good, and moving comes with a fear of having it worse elsewhere.
>What area are you in?
DC metro area - Maryland specifically. I can be on farm roads in 5 minutes from my house but shit's still $$$. The even more rural areas just aren't being built up - there just aren't properties to buy out there, and I have a fear of those places shriveling up and dying. The roads that go north and west here cut through towns that seem desolate.

[Anonymous No.53706926]

>>53706662

Great depression 2.0. coming.

[Anonymous No.53706939]

>>53706880
>how are people qualifying for loans that are above that 28% rule?
i doubt that they are. i realize $100k/year is /biz/ poorfag tier but it's still considerably more money than what the average person makes, and is still fairly decent for my specific region. i'm not degrading myself by buying what i can comfortably afford i.e. a twin home or 900 square foot single family home in a niggerlicious suburb. i imagine many other people are feeling the same way: that it's better to rentcuck until low demand brings prices back to reality.

[Anonymous No.53706959]

>>53706909
>Single family home
Yep. Rambler. I've done some work to it too like refinish the hardwood floors myself. Probably $220k with no work done.
>My job keeps me here
Which is? I'm blessed I work remote. I go wherever I please
>DC metro area
DC area is terrible I've heard
>I have a fear of those places shriveling up and dying
What the fuck are you talking about? they aren't going to die and if they do, who cares you have a house.
>>53706939
>/biz/ poorfag tier
most fags on /biz/ are larping. I make $130k/yr and that is over double any of my friends make, granted I am 26yo
>rentcuck until low demand brings prices back to reality
Not going to happen. Demand is still too high and there isn't enough supply to see any price movement. Rents are crazy too

[Anonymous No.53706996]

>>53706959
>Demand is still too high
new construction cancellations are at an unprecedented high and existing home sales volume has absolutely cratered to lows not seen since 2008 (also consider that US population as increased by 10% since that time.) pic related.

[Anonymous No.53707015]

>>53706842
They don't they just do it because feminism convinced them they don't need no man

[Anonymous No.53707026]

>>53706996
>new construction cancellations are at an unprecedented high
So another point of lower supply. Thanks for supporting my point
>existing home sales volume has absolutely cratered
First of all, it's winter, nobody sells in winter. Second, that only supports me more because low movement means less supply on the market

[Anonymous No.53707032]

>>53706558
60% of home owners dying in the next 10-20 years lmao

[Anonymous No.53707040]

>>53706662
That’s honestly not that bad, some places in asia have it in literal 3 digit territory.

[Anonymous No.53707044]

>>53707032
>60% of home owners dying in the next 10-20 years
>source: my ass

[Anonymous No.53707047]

>>53707015
The reason doesnt matter, its a fact ugly women need to work. They have almost no orbiters, no simps.

[Anonymous No.53707058]

>>53706701
You have to find good land then build your own house on it. Only way to get a decent enough deal. But Goodluck finding a builder that wants to build"small"

[Anonymous No.53707068]

>>53706959

> everyone on /biz/ is larping
> b...but not me!

Everyone on this board larps as a 6 fig richfag, YOU too.

[Anonymous No.53707084]

>>53706906
My great hope of one positive thing coming out of the pandemic was remote work really taking off for good.
The positives would be huge - less traffic, fewer road accidents. More time people could spend actually living.
And people wouldn't be so forced living in/near cities for their jobs. Small town America could've thrived again with people flowing out there, equalizing property prices somewhat.
But nope, people are being forced back in to justify paying for office leases and everything is just as fucked as before.

>>53706959
I work in IT for the IRS. We can mostly remote work, but we're required to come into the office once a week and live within 150 miles of our offices. These conditions are very unlikely to change. 150 miles is quite a good distance but living on the far end of that would make the weekly commute a nightmare, especially with beltway traffic.
>What the fuck are you talking about?
You ever drive through a town where half the buildings are boarded up and abandoned? Shit's depressing, man.

>>53706939
>>53706880
Even if I were to magically have an equal earning partner we'd still be far off from affording places like that. I can only guess it's all boomers flocking to this area for god knows what, or foreign investors.

[Anonymous No.53707090]

>>53707047
>They have almost no orbiters, no simps.
So naive

[Anonymous No.53707123]

>>53707026
>So another point of lower supply.
you have that backwards. buyers are cancelling build contracts (and most likely forfeiting some or all of their deposit.)
>First of all, it's winter, nobody sells in winter.
that chart is seasonally adjusted.
>Second, that only supports me more because low movement means less supply on the market
supply is down but you can't derive any useful conclusions from that. a lot of the volume over the past 5 years was normies playing musical homes because of relatively steady prices and relatively flat rates, coupled with the work from home revolution. this is uncharted territory. a lot of the changes to sales volume, days of inventory on market, etc. over the past few years are a result of these types of activities being filtered out. we're returning to what would historically be seen as true steady state: sellers driven by purpose (relation due to family/work, death, divorce, etc.) and buyers driven by the aforementioned purpose with some prospective first time homeowners mixed in.

[Anonymous No.53707136]

>>53707090
Are you saying ugly women have as many orbiters and simps as pretty women?

[Anonymous No.53707144]

>>53706855
>growth plateauing
We have more people coming in through the souther border than ever before in almost 250 yeas of history. Entire state populations coming in every month now. Where do you think those people are going to go when most houses aren’t vacant to begin with?

[Anonymous No.53707151]

>>53707084
i'm "permanently remote" but i'd never bet on it being truly permanent, so i'm staying to within an hour of DA CITY.
>I work in IT for the IRS.
kek. i actually had an interview for the IRS (revenue agent) but i turned it down. seeing faggot cocksucker politicians rail on the federal government for return to office has made me rule out ever reconsidering federal employment.

[Anonymous No.53707162]

>>53707058
Man I don't even know where to begin with all of that. Have you gone through the process yourself?

[Anonymous No.53707165]

>>53707044
you're hardcore coping. tell us why. what happened? what made you go though all that trouble to confirmation bias your cope?

[Anonymous No.53707188]

>boomers have around ~$150K in retirement, per Forbes
>huge amount of money caught up in their houses will force them to dump
>housing market collapses

Also, what do you guys think about this?
https://twitter.com/GordonJohnson19/status/1625392427723902977

[Anonymous No.53707217]

>>53707188
medicare estate recovery is going to demolish the boomer generation considering most of them are too retarded or selfish to transfer their home to their children (assuming it's not already reverse mortgaged.)

[Anonymous No.53707250]

>>53707165
How am I coping? You made a claim, so support said claim.
>>53707123
>buyers are cancelling build contracts
Source?
>>53707123
>seasonally adjusted
So like the jobs report they just change it however the fuck they want. Got it.
>we're returning to what would historically be seen as true steady state: sellers driven by purpose (relation due to family/work, death, divorce, etc.) and buyers driven by the aforementioned purpose with some prospective first time homeowners mixed in.
You've used a lot of words that amounts to nothing really. Yes, there was a lot of movement, much less chairs more outward movement and up too. There was a lot of FOMO and sure the market will be more normalish, but the market has always been the same between sellers and buyers. That isn't new.
>>53707084
>I work in IT for the IRS
fuck the IRS. You can get some Devops job anywhere remote for $100k+
>Shit's depressing, man
Alittle but I see opporunity to buy them and fix them up. Fuck I wish I had more capital to do that.

[Anonymous No.53707296]

>>53706620

Prefab homes suffer from lower overall quality (cut corners in factories, low grade materials, shoddy techniques etc) but also, even the high quality prefab projects suffer from limited realistic applicability, and their proponents suffer from the “imminent revolution” bit. Homes from prefab that aren’t trailers tend to cost just about as much as site built homes, and usually look uglier/less homey, because they’re more geometrical. Lots of pieces of job sites are already prefabbed anyway however.

>>53706811

Labor is generally >40% of each job’s cost. Usually it’s over half unless dealing with extremely expensive equipment.

>t. Construction worker

>>53706819

Frankly I think a lot of construction types (myself included) just absolutely fucking hate working for and with women. They’re ass to deal with, especially with a job full of unpredictabilities, ie most construction.

[Anonymous No.53707304]

>>53706609
No one wants rounded corner houses shaped like eggs.

[Anonymous No.53707305]

>>53707151
Objectively I've got it pretty good - mostly remote work, lots of benefits, high job security relative to private.
Though we are first on the chopping block in talks because hating the IRS gets you brownie points. That back to the office bill is pure sadism.

>>53707250
ooooo don't get me fucking started on ops dude
I hate our ops and I'm like 4/4 in talking to other techbros who also hate their ops

[Anonymous No.53707319]

>>53707068
Well I'm low 6 figs, I wouldn't call that rich. Sure I live in a good small city where shit is cheap, but I'm not rich like some people claim to be. $130k in tech is nothing crazy either. Others make even more like $200k+. I have higher goals for myself though and do not feel rich at all. I feel like in this awkward area, I can buy anything I really want small ticket without thinking about it (anything on a restaurant menu, or anything I may need from the store) but I'm not rich enough I can go out and buy some land or a truck without a thing thought about it.
It is more boring too. When I was in college, there was some fun with the hustle and not being able to just buy what I wanted. I still go to say TJMaxx and only shop sales in grocery stores. I will always be thrifty, but I have enough money I can just buy what I need without waiting. Like I needed this drill for a project at my house so I dropped $150 on one that was on sale. In college I would've not done that

[Anonymous No.53707320]

>>53707250
>Source
https://fortune.com/2023/01/12/fed-housing-market-reset-homebuilder-cancellation-rate-spike-kb-home/
new homes are only about 10% of total inventory

[Anonymous No.53707353]

>>53707296
>Labor is generally >40% of each job’s cost
Buddy i have statistics that say you are wrong. If you disagree then post a average breakdowns of construction costs. Divide among land, materials, labor and gross profit. I dare you.
>every project is different
You do know what average means?

[Anonymous No.53707362]

>>53707305
>me fucking started on ops dude
Whats wrong with ops?
>>53707296
>working for and with women
I could see it. This girl could be annoying and pretentious. Big milkers though, but has a bf who tries to flirt with all her friends and she just thinks thats okay
>>53707320
>paywall
Fuck off.
Yes I know new homes are low of total supply, that's my point. 10% can still move prices though

[Anonymous No.53707407]

>>53707047
Whech is probably half of all woman at any given time.

[Anonymous No.53707431]

>>53706654
>don’t need breaks
>don’t take weekends
>don’t need a wage
>don’t need health insurance
>can’t die or be hurt
The list goes on, retard.

[Anonymous No.53707446]

>>53707407
Its a continuum, 4chan anons pretends like all women are young and pretty. The ugly majority of women is invisible to them

[Anonymous No.53707461]

>>53707431
>cost millions of dollars
>long and expensive to setup
>limited in its ability
>can only do exterior walls, no floors or anything else
The list is shit

[Anonymous No.53707463]

>>53707362
Depends where you are. FL and TX have tons of new inventory opening up and builders can't even sell

[Anonymous No.53707475]

>>53707431
Machine operators need all of these things you mention. Machines require insurance too and you have to pay for their rent or finance payments rather than wages. You cant be that stupid to say that it cost nothing to have and operate machines.

[Anonymous No.53707495]

>>53707362
Man where do I fuckin start. Getting work done by ops is trying to bleed a stone.
>VM severs originally managed by teams using them
>ops fought for ownership of all VMs across the enterprise to consolidate and also to justify their existence
>won't fucking do shit with them when we need them to
>constant outages both unplanned and planned that they don't notify us for
>6 month turnaround time on getting a new server spun up
>constantly making messes that other teams have to clean up despite their "ownership" of the related service
I don't know if they're perpetually understaffed and/or underfunded but they can't get SHIT done.

[Anonymous No.53707530]

I'm currently sitting on just under 100k cash working from home and living with my family. the way I see it if I keep this up another year or so I might have a good buying opportunity for a house in my area and I"ll be able to do a like 60% downpayment or more since houses aren't too bad in my state

[Anonymous No.53707549]

>>53707044
>>53707032
>60% of home owners dying in the next 10-20 years lmao
Eeeerrraa... 10 years maybe we will see more boomers move into retirement homes
In 20 years the die off will start.
The issue is that for every boomer that passes away, there is a family of migrants who have jumped the border.

[Anonymous No.53707590]

>>53707495
But how does this make devops a bad job to work though?
I've only had one job big enough for ops. They were fine, understaffed so took time for stuff.
Otherwise I've been at small places where I have been ops and thats comfy. New place has us do Ops and apparently sometimes overnights which sounds terrible (as in if email comes in go fix the servers). Hopefully not bad, worst case I'll just put in my immediate notice.
>>53707549
Yep or people looking for homes. And you will have estates trying to get the most money they can (not always, sometimes they just want to get rid of the place). I wish prices tanked, I wanna buy in
>>53707463
I'm sure those two very hot markets have unmoving inventory

[Anonymous No.53707619]

>>53707549
The dieoff has already started, more boomers die than their replacements come on the line. This deficit accumulates year after year and has started already, its expected to peak in 15 years.

[Anonymous No.53707690]

>>53707590
If ops teams are perpetually underfunded and undermanned like ours seem to be, they seem to be an extremely frustrating place to work. You can't get anything done due to a lack of resources and people are mad at how impotent your org is. Seems like a recipe for a bad time.

Though, I won't disregard your positive experience there. It will be another data point.

[Anonymous No.53707747]

>>53706558
I hate how people have this stupid idea that the housing market can be measured in nominal terms when inflation is so out of control.

>in before my home value has stabilize
If your homes nominal value has stagnated then you are loosing value right now. Thats a testament to the sheer amount of money the fed has pumped into the economy. Inflation is ass raping all of us.

[Anonymous No.53707790]

>>53707136
They have many

[Anonymous No.53707922]

>>53707790
Compared to whom?

[Anonymous No.53708026]

>>53707047
I know a fat ugly woman with a lazy eye that managed to three time three different guys
2 Software developers, one of them was /fit/
1 "Machine" developer, idk how it's called in English
Yes, ugly women can absolutely have plenty of simps/orbiters due to retards thinking that ugly girl = loyal, so the demand is up
She was also smelly

[Anonymous No.53708086]

>>53706558
>Housing always goes u-ACK!
https://old.reddit.com/r/Seattle/comments/10m0cug/bought_a_house_at_the_peak_nearby_houses_are/

[Anonymous No.53708094]

>>53708026
>I know a fat ugly woman with a lazy eye that managed to three time three different guys
So what? Is that meant to be A LOT? Managed to three guys?
Wow, managed to eat three whole guys.

[Anonymous No.53708114]

>>53706593
Lol me either it’s usually Hispanics white black guys

[Anonymous No.53708139]

>>53708094
Stop coping

[Anonymous No.53708145]

>>53708139
You are extremely stupid.

[Anonymous No.53708184]

>>53706558
>discounted cash flow formula

[Anonymous No.53708525]

>>53706662
>americans think they have it bad

[Anonymous No.53708542]

>>53708525
How do people even?

[Anonymous No.53708579]

>>53708525

>b-b-b-but at least I don't have to make a $100/month insurance payment!!!!!11!!

[Anonymous No.53708653]

>>53708525
it's bad everywhere
when we make a poopy the rest of the world suffers too

[Anonymous No.53708684]

>>53708086
found their house, lol

[Anonymous No.53708746]

>>53707549
>Mexicans who hop the border and make sub-minimum-wage while living on food stamps from their don't-ask-don't-tell jurisdictions are going to provide price support for $500,000+ homes
How the fuck do so many people seem to think this?

[Anonymous No.53708752]

>>53706662
nice chart, i raise you FRED's

[Anonymous No.53708778]

>>53708684

Some crazy price action at these higher levels. A -10% haircut doesn't hurt too much when you live in a $250k house, but paying $1.2m means you just lost $120k.

[Anonymous No.53708830]

>>53708752

I call

[Anonymous No.53708888]

>>53708830
sorry boomers, i'm not buying until you capitulate to the true value of your property

[Anonymous No.53709023]

>>53708746
You'll become a nation of renters while Blackrock owns everything and shoves 40 Third Worlders into 1 housing unit.

[Anonymous No.53709083]

>>53709023
Nothing prevents the FED from loaning 40 trillion dollars to blackrock so they can buy everything. I still don't know why blackrock must do it, the FED could just buy everything directly.

[Anonymous No.53709098]

im gonna be honest man. in the dc area youre a brokie until you make 250k. then you need to find a nice girl to settle with who also makes 250k. so with a hhi of 500k then you will be able to afford a decent place with some dignity. it sucks but it is what it is. va and md suburbs around dc quite literally have the highest average hhi in the country. your average mouth breathing morons with kids make 120-150k together. the dc area is also shielded from more volatile housing movements because the stability of federal government work (in comparison to private sector) which smooths a lot of sudden downturns in pricing more than other places. i say this as someone who has been in the dc area for almost a decade now. my personal income is 250k and i am just feeling like i am catching up, but most decent places are still out of reach. lot of dual income families here.

[Anonymous No.53709118]

>>53706558
house prices are down 20% in the UK

[Anonymous No.53709161]

>>53706701
I generally agree with you and I'm in a similar boat, except my pre-tax is $240K and average houses are ~$600K. This is down from the $720k+ prices we were seeing 18 months ago.

I can "afford" to buy but a 1400 sqft starter home for that price is just unreal to me. In the meantime I rent my parents house - they have a condo out of state that they live in 6mo so it works out nicely. I help them and they help me with below-par rent costs.

I'm considering moving to another area since I work remotely but haven't yet got around to exploring elsewhere. Soon.

[Anonymous No.53709206]

>>53708778
the reddit moron is too fixated on the home value

if he tried buying the same house today for 500k cheaper, he would have to pay the banks 700/mo more in interest

just has to wait this out like every housing dip, 2007 prices prices were eclipsed only 8 years after the GFC

[Anonymous No.53709627]

>>53707549
Half or more of boomers will be dead in ten years, projecting boomer mortality from silents is delusional as silents lived much much healthier lives.
>i-immigrants will pump my bags!
We aren't importing 10 working adults for every dying boom boom, which is what we'd need to do to for immigrants to afford the boomerbox
>b-but muh circulating supply!
What part of "low volume scam pump" don't you understand? Volume died before the GFC and hasn't recovered as dumbfucks continue to FOMO into SFH, but as boomers die/age out of independent living supply will continue loosening
>n-noo blackrock will save me they'll buy everything to rent!!
For that sweet sweet 0.5% rental yield? Delusional.

[Anonymous No.53709645]

>>53707353

You must be daft. Doubt you’re even in the field, and I know I’m giving you a (you) with this by taking your bait, but.

https://www.homeadvisor.com/cost/architects-and-engineers/build-a-house/

Even from a consumer site like home advisor, you’re clearly wrong. I threw out 40% as an estimate earlier, and that’s what this site here says, so I don’t know why you’d choose to die on this relatively stupid hill…

If you have sources that show it’s less than 10% of cost I welcome your riposte

[Anonymous No.53709786]

>>53706609
Literally the only "problem" that that machine "solves" is framing, which is the cheapest and most straightforward part of construction.
Come back when they can do foundations and roofs at the very least. Then insulation, plumbing, electrical, doors, windows...

[Anonymous No.53709798]

>>53709206
Support is rental cost, not previous buying cost, support is around -35% from today's prices, or around 2016 price level

[Anonymous No.53709852]

>>53707319
Bitch you're rich, don't be naive.

[Anonymous No.53709925]

>>53706593
same, in europe its usually fat middle aged portugese or eastern european men or white alcoholics with destroyed/missing teeth smoking rollies
the only time ive seen a woman do an actual hard job was in a slaughterhouse but she was as tall as me (6ft/185cm) and twice as large. she was really nice tho.

[Anonymous No.53710089]

>>53707619
It's true, a good chunk of my boomer relatives have died in the last 2 years :(

[Anonymous No.53710159]

>>53709798
that's why you check market rents before you buy - you will always have the ability to say "i dont want to live here anymore, lets rent it out and have some cuck pay off the mortgage for me"

this moron didn't, and he's going to pay, west coast housing market has been insanely overpriced for 5-10 years

i don't blame the woman one bit for leaving him

[Anonymous No.53710164]

>>53708525
Do any of the other countries even have fixed rate mortgages? I know Australia doesn't

[Anonymous No.53710442]

>>53709786
>cope, cope and cope

check

[Anonymous No.53710562]

>>53706558
Did you even read the 4 sentences in the article you posted?
>Where large projects such as chip-making plants and clean energy facilities have replaced the construction of single-family homes.

[Anonymous No.53711012]

These housing threads are low tier trash. No one itt has their head far enough out of their ass to have a legitimate viewpoint. Christ you people are stupid. No wonder most of you don't own a house or can't even afford rent. You are dumb as a box of fucking rocks.

[Anonymous No.53711636]

Shit just takes a while to play out in real estate. Builders throwing caution to the wind and continuing to build while financing is so expensive and mortgage payments are totally unaffordable is exactly the kind of thing to cause a bust cycle.

>>53709118
They almost are here too, but still up 35% from a couple years ago
>>53708830

[Anonymous No.53713623]

>>53711012
>boomerbox baggie seethe
far far from the bottom

[Anonymous No.53713911]

>>53707047
>He doesn't know about juggernaut theory
Sweet innocent child

[Anonymous No.53715210]

>>53706622
Check.
I went to highschool with this hipster sweetheart type. Blonde, really light blue eyes, 5'1" , huge knockers, and about 110lbs
Haven't seen her in 6 years, and I saw her recently when I was excavatig for a concrete crew, and she was there as a concrete laborer, which is one of the shittier construction jobs.
From the looks of it, she was actually doing a pretty good job and knew what she was doing for the most part.
Girls in construction have heart because they have something to prove, but rarely are they a better worker than the alcoholic who's 5 min late every day

[Anonymous No.53715559]

>>53706593
I know some black chick carpenters. They're alright.

[Anonymous No.53715562]

>>53706558
Test