/biz/ - Business & Finance

[Anonymous No.55441284]

I've been waiting for le housing market crash for over a year now. every few months some news comes out and everyone goes "oh the housing market is fucked now FOR SURE" and then nothing happens. it's starting to become clear that everyone who can buy should do so right now before prices and rates go even higher. even the people who bought last year are in a better position than people who waited until a couple months ago.

Should I just buy a house now and pray that interest rates come down in the next couple years so I can refinance?
>inb4 two more weeks bro FOR REALS this time

[Anonymous No.55441296]

>>55441284
You are exit liquidity, you are being peer pressure into holding someone elses bags.
NGMI

[Anonymous No.55441308]

>>55441284
>Should I just buy a house now and pray that interest rates come down in the next couple years so I can refinance?
Yes do it. Or you'll be priced out forever. It only goes up. Your job is safe and your income will continue to rise every year. Dont listen to the rentoids seethe. Just look at the stock market. Everything is fine

[Anonymous No.55441310]

>>55441284
I just gave in and bought a house, probably slightly overpriced for the area I moved to… I would buy right now because the fires in Canada are going to affect lumber prices very soon bro.. just buy something you can live in for a while and that you enjoy.. I regret rushing my decision and bought the first house I looked at and it’s good but Ipersonally should have bought a house with more charm and little quirks that would bring me more joy but that’s that anyway. I was just so full of doom I needed to buy that second but that was wrong. Don’t do that either. Take your time but clocks ticking so start at least looking.

[Anonymous No.55441317]

>>55441284
Christmas nigga, save up for Christmas. Anyone selling a house in the winter is doing so because they HAVE to, no one ever 'wants' to. Make your move then not before and don't get priced out niggers tongue my anus

[Anonymous No.55441322]

>>55441284
If you factor in inflation the housing market has already crashed. This is the bottom. If you can't get in now hopefully you'll have enough to buy a house in the next crash in 2036.

[Anonymous No.55441325]

>>55441310
I say clocks ticking because the immigrants keep coming.. not to scare you but it’s faster than building developments. Also the ones in power are really hell bent you don’t own a house… maybe they caused that fire to pump their bags idk, and all the normies with even a little bit of cash thinking renting their houses out is a genius idea all the sudden because of social media whereas in the 2010’s it was only savvy elite merchants who did that.
I’m not rooting for the houses to go up after I bought one, I want my kids to have a shot to buy one one day… but I mostly bought so my kids could inherit something if it’s a lot more expensive one day. Hope I was wrong for society’s sake

[Anonymous No.55441342]

>>55441322
>If you factor in inflation the housing market has already crashed.
elaborate.

[Anonymous No.55441346]

>>55441322
>Powell is going to pivot
>Lagarde has to pivot
>Ueda must raise rates
>Nothing ever happens
>half a month, amirite
I wonder if any of you get what is at play and what happens if the number go up crowd gets what t want

[Anonymous No.55441347]

>>55441342
He’s wrong housing inflation is a huge component of the inflation calculation

[Anonymous No.55441518]

i've been in the market to buy for a year too. many of the properties i bookmarked havent sold and have been going lower and lower. a house i sold is zestimated for lower too.

the reality is with high rates and low rental yields there's negative incentive to buy rental properties which is impacting the market and it's a pressure there is no fighting against. 7% rate on a mortgage but you can only get 2-3% yield on rent. the math doesnt work out.

[Anonymous No.55441813]

>>55441518
so what you're saying is, two more weeks?

[Anonymous No.55441845]

Prices may actually drop when rates go back down to 3-4%, I feel like there's a lot of pent up demand from people who want to sell their house to upgrade or move, but are staying put because they can't afford or don't want to pay 6% on their new mortgage. But once rates are down a couple percent, they may pull the trigger. Plus homebuilders are building a lot of new construction currently to fill the void left by sellers and cater to the market. Could lead to a glut of inventory when there are all these new homes on the market plus existing homeowners actually selling their used homes.

But if you have the money for the downpayment and can afford the mortgage payment, I agree with just going ahead and buying. Like you said hopefully you can refinance in a year or two if rates are more reasonable.

[Anonymous No.55442259]

>>55441284
An 80% crash in crypto, 30% crash in stocks, and doubling of interest rates barely made a dent.

>>55441845
>Prices may actually drop when rates go back down to 3-4%

Dumbest thing I've read today.

[Anonymous No.55442264]

>>55441284
>housing market crash
lol

[Anonymous No.55442325]

>>55442259
prices will drop by end of year. Literally no one left to buy and student loans will price out any remaining rentoids on the fence

[Anonymous No.55442388]

>>55442325
>no one left to buy
>student loans

I know it's hard to ask Zoomers not to be narcissists, but at some point you need to realize that there are people out there who earn more than you, have been doing so for decades, and have been taking their earnings and dumping it into investments, which are growing exponentially.

And they have no problem spending their money on an inflation-protected asset that they'll spend the majority of their time in.

[Anonymous No.55442425]

>>55442388
>are growing exponentially
>an inflation-protected asset

[Anonymous No.55442461]

>>55441284
The prices won't drop in the traditional sense; the value of homes will go down, but it won't be reflected in the price because the dollar's purchasing power will fall with it.

[Anonymous No.55442816]

>>55442425
>investments out-pace inflation

Wouldn't expect a frog poster to get it.

[Anonymous No.55442819]

>>55441310
literally me dude, i also rushed in and didnt look/plan much before buying

[Anonymous No.55442856]

USD shitcoin is going to zero.

-M2-
1980: $1.5T
2000: $4.5T
2020: $15T
2023 $20.5T