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/biz/ - Business & Finance

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56005195 No.56005195 [Reply] [Original]

Housing prices are at an all-time high right now. It is supposed to crash like hell. What’s going on?

>> No.56005212
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56005212

>>56005195
Sorry houses are free money for the Big Bois. Time to rent my house, Chud.

>> No.56005216

>>56005195
It takes years to crash plus we have tens of millions of illegals with free government money putting upward pressure on prices.

>> No.56005223

>>56005195
The Fed fucked the mortage rates and people wont leave....everyone is squatting because they either wont sell, or cant sell their properties. Sorry, Anon...Thanks for playing.

>> No.56005225
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56005225

>>56005195
the market is a whore, its out to fuck as many people as it can, thats its job

>> No.56005256
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56005256

Forgot the threadly boatpill reminder.

>> No.56005262

>>56005195
if trump wins and somehow gets rid of all the illegal beaners, that'll help

>> No.56005268

>>56005256
slip fees are rape-tier too though.

>> No.56006052

>>56005195
the market can remain irrational longer than you can remain homeless

>> No.56006078

>>56006052
i'm not too concerned. 20% of egypt's population is permanently homeless in an inhospitable wasteland and they survive just fine, right? we'll all just live in the vacant lot behind the community college and shower in the river. no biggie.

>> No.56006104

>>56006078
>and they survive just fine
debatable

>> No.56006120

>>56005268
Just anchor it in the harbor. There’s no law against it

>> No.56006161

I thought 2023 was they year that the housing market here would cool down as it has in other markets, but it is instead stuck in a plateau. Even having saved up the 20% down payment and closing costs, there's no point diving in when the sales prices, interest rates, and estimated mortgage payments are still high. Unless I am forced to move out of my parent's house this year, I'll just wait for my pay increase in January to come through before I revisit my financial plans.

>> No.56006364
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56006364

>>56005195
oh no no no

>> No.56007538

Money printer goes brrr > wages go up > home prices go up.

Rinse and repeat. They will never crash. They might go down 5-15% before going up again. The game is rigged and all u fucks do is talk about racism and crypto instead of addressing the most fundamental human need(roof over head).

Because i don't have it it's on my mind 24/7. I'm just to weak to figure it out by myself. I need a daddy.

>> No.56007541

>>56005195
No crashing anon, back to renting

>> No.56007553

>>56005223
Delinquency rates for housing mortgage is near the all time low

>> No.56007567
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56007567

>>56005195
Housing prices go down when people are forced to sell. Nobody is going to sell a house with a low interest mortgage locked in, unless they simply can't make the payments and the US unemployment numbers don't seem to go up no matter how much they raise the rates.

Even when the recession comes and people start losing their jobs, there is no guarantee that the housing prices would go down that much if the FED decides to pivot fast enough.

If I were an american I'd just stack money and wait for lower rates to get my mortgage.

>> No.56007816

>>56005195
2
More
Weeks

>> No.56008002
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56008002

>>56005195
Why would they crash? Plenty of willing and able buyers out there. Sorry you majored in Feminist Studies!

>> No.56008393

>>56005195
It already crashed 50% because the $ in your wallet halved in value

>> No.56010346

>>56005195
Give it time.

I'm in a ~30 year old suburban neighborhood with 5 star schools. My entire street is Boomers (60+ years old) with no kids.

Boomers hold upper-middle class housing. Their Millennial children do not. Either the Millennials move into their parents homes, or they sell it.

Either way, inventory gets increased, demand doesn't increase because wages are shit and rates are 7%.

>but they'll just import immigrants

Mexicans don't make enough money to buy the bags of Boomers. Indians do, but they're limited in how many can migrate here.

>they'll just print more money

Fed is waiting until we have a 2001 dot com bubble pop, or 2008 GFC, or 2020 COVID type of event to justify doing that.