/biz/ - Business & Finance

[Anonymous No.53706967]

>NOOOO houses are never going down bro!
>you need to buy now or get priced out forever bro!
>supply and demand bro

they don't want you to see this chart

[Anonymous No.53707072]

>>53706967
who cares if I lose $200k for simply not waiting 1-2 years. Me and my boywife and furbabies can still live in it!!

[Anonymous No.53707112]

>>53706967

Great depression 2.0 is coming follow by WW3.

[Anonymous No.53707224]

>>53707112
thank this shitfart for this

[Anonymous No.53707778]

>>53706967
> housing is not coming down retard, look at the chart it just keeps going up
> going back to 90 years, there has been a -20% housing pullback once
> 2008/09 bubble looks super cheap today
> increase in money supply, increase in population, increase in demand
bubble retards coping

[Anonymous No.53707797]

>>53706967
> muh but Median Household Income Ratio
incel poorfags who are low IQ or lazy are being left behind and the income required to buy a house seems unaffordable. there has been a huge demographic shift in the percentage of high income households who have the purchasing power to afford these prices and even buy homes to rent out to rentcucks
> chart shows over $100,000 of annual income is high income, and under $35,000 is low income (historic inflation adjusted)
> number of high-income households in the US increased dramatically from 6.6 million (10.9% of the total) in 1967 to 43.7 million (33.6% of the total)
> the number of low-income (poor fags coping) households also rose, from 21.4 million in 1967 to 34 million in but the portion of the total fell (from 35.2% to 26.2%) since it increased slower than the overall growth of the number of households
> Today, there are more high-income households (43.7 million) than low-income households (34 million) in the US.

[Anonymous No.53707822]

>>53707778
>existing home sales volume

[Anonymous No.53708010]

>>53707778

>>53707778

Continuing to price out lower income families from home ownership isn’t a viable solution.

People with moderate money and savings will end up loosing everything, when the lower income individuals, have enough, and outvote you, and strip all your wealth.

It’s what the politicians want too. Greed has consequences. The think tanks that run the United States salivate over a possible totalitarian USA, in which.. everyone has nothing.

[Anonymous No.53708025]

>>53707822
>>53708010
> people bought houses for the past 12 years at historical low fixed rate interest rates
> foreclosure rates in 2022 and start of 2023 at at historical lows, less than 0.25%
> nobody is giving up their cheap mortgage payments which are significantly less than the rate of inflation
> nobody is giving up their cheap mortgage payments which are signifiantly less than the rentcuck rate to rent
> NOBODY is going to sell you their house for cheap unless it's in the ghetto or somewhere in the middle of nowhere
gain some skills, work harder, have sex, find a partner so you have dual income

[Anonymous No.53708052]

>>53706967
true chart, prices will come down another 10% at least (but seriously dont expect -50%)

[Anonymous No.53708071]

>>53706967
>Tfw I bought my house in early 2020
Rentoids will still get fucked because they're poor and they'll always be poor

[Anonymous No.53708103]

>>53708025

There’s individuals working three jobs still not able to make ends meat.

Saying “work harder” is not viable. People used to get manufacturing jobs on a assembly line literally screwing In the same nut all day every day. They were able to provide for their families.

But when I see corporations, who have made huge profits, put out press states for layoffs, like Disney recently, so they can pay out more dividends to investors, the writing is on the wall. I understand wanting to be profitable, but it is very apparent, many companies are not taking care of their employees, and eventually people will get sick of it, and try to pass laws to restrict the rich, which honestly will only destroy those who are moderately wealthy.

[Anonymous No.53708142]

>>53708025
i'm in what you refer to as the "high income bracket." i'm not buying your pumped boomer bags. renting is a very small % of my income. not buying your plywood box. cope and seethe.

[Anonymous No.53708411]

>>53708010
> current home ownership rate is at 65%, which is still historically very high
> home ownership during the 1940s was at 40%, nobody was rioting and confiscating property
> mortgage rates are still lower than they were in the 1960, 1970s, 1980s, 1990s
only difference is now we have a generation entitled whiners
>>53708142
great, at least you're not whining that you can't afford to buy a house or coping that there is a huge bubble and a crash is imminent

[Anonymous No.53708436]

>>53706967
2 ways this chart can correct
>house prices fall
>wages go up

now lets look at the evidence:
>house prices aren't falling
>London bus drivers just secured an 18% pay rise

[Anonymous No.53708461]

>>53708436
>house prices fall
>wages go up
Both will happen and are happening

[Anonymous No.53708556]

>>53708411

Charts are great. They don’t take in account that the “whiners” or lower income individuals outnumber those who are in the to 75-99% income bracket.

A whole entire group of people are being essentially locked out of home ownership, and it does look like we may enter stagflation. I guess we will see if companies continue to conduct large layoffs.

I see a lot of people call people “poor fags” and I see little regard for those who many not be smart enough to work in management, or investments, and will only ever be able to do lower in jobs. And I realize they outnumber those of us, who do well.

Anyways, take it as you will.

[Anonymous No.53708636]

>>53708461
Show me evidence of house prices falling.
They pulled back like 2% after a 20% rise last year, and now they're already bouncing.

[Anonymous No.53708660]

>>53708636
>They pulled back like 2% after a 20% rise last year, and now they're already bouncing.
Meanwhile inflation is 7%.

[Anonymous No.53708675]

>>53708556
Take a look at the studies that show the opinions of non elites are essentially a non factor in US policy making.

[Anonymous No.53708762]

>>53708675

Correct. No regard for the common man. However they are intensionally creating this divide in the hopes of creating conflict between the moderate wealthy, and poor. Their intent is to take everything. Think about the housing charts. How many factor in older money buying second homes to get into the AirBNB fad? Or house flippers.

Besides large companies owning large estates of homes, it seems like a lot of older people are investing in multiple homes, for renting purposes or AirBNB style purposes. This is partially driving the low inventory issue. Home ownership may be at a all time high, but how many of that accounts for only single family home ownership?

Data is flawed

[Anonymous No.53708826]

kek, classic case of zoom OUT. 2008 couldn't even ground this rocketship and there were suicides for fucks sake

[Anonymous No.53708883]

>>53708556
a lot of people don't want to buy homes. a ton of people don't have the disciple to worker harder or save and consooome less to buy a home. this is especially true for a overspending consumer culture like the US.
>>53708762
the US is not even that bad off or an outlier as far as home ownership so the claim that the US is fudging the data to show higher ownership than is just hogwash. the US is one of the easiest places to earn, save and get ahead -- any immigrant will tell you that.

[Anonymous No.53709051]

>>53708883

What are you saying? I never said they fudged data. I simply brought up the fact that if 15% of people buy a second home, for AirBNB purposes, it will drive prices up, inventory low, and appear to be a “healthy” housing market. While millions are locked out of buying a home.

[Anonymous No.53709257]

>>53708883
>housing prices are fine
objectively false