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/biz/ - Business & Finance

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54590582 No.54590582 [Reply] [Original]

There is no crash coming. You can buy a house now or embrace pod life in 10 years

>> No.54590627

OK boomer

>> No.54590668

>>54590627
T. Pod-dwelling UBI-slave

>> No.54590734

>Buy my retardedly illiquid overpriced bags
No.

>> No.54590745

Honestly not bad advance if you can get a fixed interest 30yr loan and you plan on staying there. Interest rates are going to keep going up most likely. Still the house prices are insane and need to come down considerably.. so it’s really a toss up. I’m waiting until ‘25 to see what the atmosphere is like

>> No.54590769

>>54590582
I'll live with mommy and inherit her house.

>> No.54590799

anon isn't wrong unfortunately
at best its going to crab for several years

>> No.54590839

>>54590745
They “need to come down” and yet they won’t. What happens when you need something and you can’t get it? You adapt. People will unironically live in pods and be hooked up to VR for most of the day

>> No.54590856

>>54590745
>>54590799
I signed for a 30 year loan in August of last year with a capped rate of 7.8% but a market rate upon final closing; with the option to buy down 1.25% of the interest for the life of the loan. Worst case scenario I’ll pay 6.6% fixed and best case interest rates slide a bit more before closing in May. Wish me luck lads.

>> No.54591071

>>54590839
Well, no I disagree. Banks have insanely overvalued commercial real estate, but a ton of that is completely empty because the rents and valuations are so high(+work from home). Inflated commercial real estate evaluations =reduced lending to potential homebuyers, increased financial instability, and not as much market confidence (which is clear as day, normies are getting skittish.) the derivatives market (speculative) is valued at over a quadrillion…
the TL;DR of the past 3 years is:

The housing market is vulnerable due to its ties to the massive derivatives market (>$1Q) the Fed's interest rate balancing act, and geopolitical factors. The derivatives market's potential collapse, Fed's rate hikes to prevent hyperinflation, and threats to the USD's reserve currency status all contribute to the housing market's fragility. But at the same time, if you can get an interest rate now locked in and don’t plan on moving, it could still pan out. If I’m wrong about anything tell me where

>> No.54591769

>>54590582
the correct time to buy a house was 3 years ago. Prices will never go down. USA imports 2 million immigrants a year. They all will keep rent and housing prices high. There is no collapse, foreign investors and big banks are buying up anything and everything.

>> No.54591835

>>54591769
yes because the stock market and the housing market have NO exposure to one another and rising interest rates also have no impact on the housing market.

>> No.54592045

>>54591769
The house I’m buying dropped 10% from a few months ago

>> No.54592055
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54592055

>>54590582
Nice try, OP. I watch scuffed realtor, so I'm a discerning buyer. I will await the crash and offer you 40% under market value.

>> No.54592078

>>54591835

The boomers assets will never crash again. It will go up forever. Especially the housing market. Housing market to the moon!

>> No.54592094

>>54590582
I don’t want to live in America, not chain myself to this shit country.

>> No.54592109

>>54592045
Maybe because you live in some shithole part of town that no one wants.

>> No.54592221
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54592221

>>54590582
>>54590799
Keep telling yourself this. It won't change reality.

>> No.54592266
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54592266

>>54592055
>the house doesn’t have vintage Moroccan rugs

>> No.54592654

>>54590582
Enjoy eating the downside of CMBX-15 breaking commercial real estate

>> No.54592914
File: 146 KB, 1496x813, home price history.png [View same] [iqdb] [saucenao] [google]
54592914

>>54591769
>3 years ago

I'm so fucking sick of Zoomers with no concept of the world outside of their life.

>> No.54593449

>>54592914
>>54592914
2009-2020 was the best with lowest rates in history. Unironically I believe we gonna have one last exponential price growth before the big crash.
My macro divination puts the big one between 2028 and 2032. One last bull cycle, inflation actually helping for a few years to increase revenues and profits

>> No.54593615

>>54592055
please for the love of god
if you ever get around to an undercut talk, record the realtor losing his shit from you trying to basically rob him lmao

>> No.54593639

>Don't have enough for a deposit
>Don't have enough to make the mortgage payments even if I did
What now?

>> No.54593662
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54593662

>>54592914

>> No.54593687
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54593687

>>54593449

>> No.54593708

>>54590668
We dont buy your overpriced shitboxes, Boomer. Fuck off.

>> No.54593784

>>54590582
I'm buying land with my family, we're each gonna chip in about $160k (cash, we all have it) and divide it into parcels. Planning to live in a yurt while I build a small house. Only issue is one of my sisters is vegan and says she won't do it if I have "animal slaves." I'm def gonna get some chickens and maybe a goat, not enough land for a cow unfortunately. Wish me luck.

>> No.54593815

>>54591769
> USA imports 2 million immigrants a year
there isnt an infinite supply of immigrants. birth rates across the world are collapsing, add to this, boomers dying(the largest generation in the country) housing supply is about to open up big time.

>> No.54593834

>>54593615
fuck you, cost me nothing to kick the tires and shit all over your unilock driveway.

>> No.54593855

>>54592055
lmao so you know nothing then

>> No.54593916

>>54593615
people who think that actually happens regularly have no involvement in the real estate industry

>> No.54593937

>>54590582
I will sleep in hotels with hookers while you waste your time fixing a leaky roof.

>> No.54594229

>>54590582
no i think i'll continue living at home and stacking my $127k/year wfh salary.

>> No.54595532

>>54593708
T. Poor pod dweller (rents pod)

>> No.54595703

>>54593639
Find a better, hungrier bank

>> No.54595713

>>54593708
become homeless to own the boomers! You go girl!

>> No.54595718

>>54590582
Or I can buy at the peak of the bullrun because crypto is going to vasty outperform real estate one way or another anyways

>> No.54595754

>>54590582
>buy a house
> end up giving 250% of the house’s value just in interest to the Jews
At this point, I’d rather just rent from a private landlord. At least the money will go to an American rather than an Israeli.

>> No.54595762

>>54590582
Lol much better investments then a house out there rn. Managed to catch 5x KAS thanks to Altcoinist, and only need one more like that to pay off my college debt

>> No.54596351
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54596351

>>54590582
prices have fallen and continue to do so
higher rates mean people can borrow less
if you deny that you are a tard

>> No.54596373

>>54593784
you aren't allowed to divide up land like that without the government's permission, and they will say no.

>> No.54596608

>>54596351
Times are uncertain. Normies mainly park their cash in real estate
Houses will be the last domino this time

>> No.54596669

>>54593662
kek this is pure cope
enjoy your pod and bug burgers

>> No.54596894

>>54590582

I just closed on my first home this week. I'm 32 yrs old. Fixed interest rate is 6.75% at 30 yr for a jumbo loan. Plan to pay it all off by 2025 though.

The house has a 20 yr old roof but the seller credited us. I met with the roofer today to sign the permit application. Gonna have a new roof by early May and then prepare to move in.

Lots of work involved from buying to moving in but hopefully worth it. Been living in rented apartments and condos all my life

>> No.54597011

>>54596669
I have 3 proprieties

>> No.54597529

>>54596894
based

>> No.54597774
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54597774

>>54596608
Housing is the last shelter of the tard, it's true.

>> No.54597806

>>54591071
>If I’m wrong about anything tell me where
He won't be responding to anything intellectual, he's just here to bait you's and call you a retard. Unfortunate.

>> No.54597933

>>54597774
Look at the boomers whoa

>> No.54597982

>>54596894
is it made of cardboard or is it a brick house

>> No.54598176

>>54597982

Concrete blocks

>> No.54599340

>>54590839
"They need to come down" but no one ever asks, "were they submerged for a while now?"