/biz/ - Business & Finance

[Anonymous No.56046011]

Zillow expects home prices to increase over the next two years. They don't think the effects of the work from home revolution on housing have ended.

Office space is sinking like a rock and all that value is going to residential. This will continue until 2027 at least.

You are a total fucking idiot if you don't invest everything you have into real estate now. Literally any state except Indiana and Louisiana. Build apartments, become a slum lord. Buy undeveloped land and sit on it. Buy a duplex. Buy a foreclosure using your mom's credit card. GET INTO THE MARKET NOW.

[Anonymous No.56046014]

wow, they even expect land in west virginia to increase in value. amazing

what is it about rural New York state that makes it such a shitty place to live?

[Anonymous No.56046015]

Buy Nyan Cat Money you retard

[Anonymous No.56046077]

Closing in a house 9/25 where it's sold for $400,000, and the insurance valued the house a $500,000. Obviously the house needs to be gutted and fixed up (only cosmetically, house is solid).
The map on this shows NYC, Chicago, and LA as barely going up in value. But in reality the value is so high there, that when the value goes up only a "little bit" it will still go up 10's of thousand.

[Anonymous No.56046096]

>>56046077
>retard top buyer thinks people don’t understand what % is
pottery

[Anonymous No.56046106]

>>56046011
>company in the business of selling houses thinks line goes up only
More news at 10

[Anonymous No.56046121]

>>56046096
> 150k house in florida 2022. Now worth 250k
> 350k house in Chicago 2022. Now worth 450k
Enlighten me poor fag. They both went up 100k, but what about my percentages. Clearly I made more money on the house in Florida right?

[Anonymous No.56046125]

>>56046121
holy shit you are dumb. the absolute state of top buying hoomers

[Anonymous No.56046140]

>>56046125
Were far from the top. Keep seething in your studio apartment.

[Anonymous No.56046147]

>>56046011
Uh huh. I'm still waiting because listings keep not selling, getting removed, and relisted for -5%. Buy pressure is evaporating with interest hikes as the debtslaves got corralled into the slaughter line.
Whenever Zillow says anything about the market, I remember that one time where they somehow lost a ton of money being strongly bullish in the greatest housing bull run in history. They're fucking clowns.

[Anonymous No.56046149]

>>56046140
nice baggie cope lol you haven’t even signed a fucking mortgage and are buying the top and are bragging about not being a rentoid? lol you are paying rent to the bank. I inherited two homes payed off in the NYC suburbs. you are enslaved.

[Anonymous No.56046162]

>>56046149
Oh, so you didn't have to work for anything? Good to know, at least you can sell them now since we're at the top, and you can live comfortably for a while. S-s-since we are at the top right?

[Anonymous No.56046261]

>>56046147
What I've noticed is some houses are selling for a retardedly high price, and simply not worth it. Though it depends on the market, because people have become retarded where I am.

https://www.zillow.com/homedetails/8551-W-Normal-Ave-Niles-IL-60714/3492326_zpid/?utm_source=txtshare

This house close to where I live, has houses around (that are updated) being sold for 280k in January. This house however sold for above asking at $360k. Slightly bigger then your average 2 bedroom apartment, no basement, extremely outdated, and 3 houses from a busy main road. And this is one example, I've seen numerous houses for sale in the past month like this.

[Anonymous No.56046345]

>>56046011
>REAL ESTATE IS GOING TO GO UP.
>HOW DOES THIS MAKE YOU FEEL?
yet another low effort troll thread posted by what is likely a mentally deranged, terminally online troon. sad!

[Anonymous No.56046396]

>"Studs out Remodel!"
https://youtu.be/1bw9rH90z64

[Anonymous No.56046410]

>>56046261
Desperate sellers pulling absurd numbers out of their asses and desperate buyers fomo'ing instead of waiting for more inventory.

[Anonymous No.56046495]

>>56046014
>what is it about rural New York state that makes it such a shitty place to live?

similar story to a lot of post-industrial american areas, opiods, run down factory towns, population centers like buffalo/syracuse etc are total crime ridden shitholes, snow 10 months out of the year. its bleak.... but i know someone will be replying to me calling me an urbanite fag in about 10 minutes

[Anonymous No.56046528]

>>56046261
Assuming that so many of these homes are now owned by real estate companies, I wonder if they buy and sell to themselves at a higher price to influence the zillow pricing algorithm. That retarded 360k sale could now push the """"zestimate"""" value of those 280k homes within that community finally up to 300k.

[Anonymous No.56046532]

>>56046011
>any state except Indiana
That’s right fuck off we’re full

[Anonymous No.56046737]

>>56046495
Urbanite fag

[Anonymous No.56046796]

>>56046495
I am incredibly confident that the Great Lakes region as a whole is going to be the next boom region. Not even a climate doomer, but it does play a factor.
>suburban kids want to live out le urban fantasy
>winters are becoming much more mild in recent years
>ample fresh water
>DECLINING black population across the board (even in shitholes like detroit and the south side of chicago), rapidly in some cases
>affordable real estate
>lots of room for infill development
>outsized infrastructure for the existing population
Dozens more reasons but it's already happening to a certain extent. Madison, Grand Rapids, and even Duluth are good examples.

[Anonymous No.56046880]

>>56046011
>Buy undeveloped land and sit on it. Buy a duplex. Buy a foreclosure using your mom's credit card. GET INTO THE MARKET NOW.
Thank you sir I'll be sure to get that 8.1% mortgage and pay the 300% markup right away Mr. Noseberg sir

[Anonymous No.56046937]

>>56046796
Milwaukee is unaffordable now.

[Anonymous No.56047049]

>>56046796
Looking to move to UP soon please tell me the urbanite faggots will stay away

[Anonymous No.56047246]

>>56046077
God I hate those shit Oxo sheet pans.

[Anonymous No.56047264]

>>56046796
you can smell the Canada stink though

[Anonymous No.56047277]

>be me
>25 year old zoomer
>parents gave me 10k as a graduation present in 2020
>used it as a downpayment on a house
>up 300%
I feel bad for millennials who are 40 and just now buying HAHAHAHAHA

[Anonymous No.56047282]

>>56047049
They will, myself included. Not for long though.

My fiancee's family (the poor half) is from the UP and I'd love to buy land up there eventually. That's like 30 years off minimum though.

>>56046937
Milwaukee is relatively affordable compared to most metros. Home value still (somewhat) falls in line with median income.

Take a look at the west, texas, or FL. it's so fucked value-income wise, and that can only be supported by further in-migration; and who knows how long that will last.

[Anonymous No.56047415]

>>56046011
WFH is over for normies, you have to be a software dev to get a full time remote. Every normie cucked over going back to the office just like the vacks.

[Anonymous No.56047466]

>>56047277
unrealized gains don't count
>10k down payment
either you fucked yourself with PMI or you bought an actual meth trailer

[Anonymous No.56047658]

>>56046396
KEK

[Anonymous No.56047793]

>>56046528
Exactly my thoughts. This will keep going up at this rate baka.

[Anonymous No.56047823]

>>56046410
What I've noticed is that it's a boomer sell out. These boomers buy their houses for 30k, and realize that the cost to fix it is more then the house. So these houses at "affordable" prices are just complete dog shit. Every-single-one of them

[Anonymous No.56047881]

>>56046345
rent free

[Anonymous No.56049795]

Bought a 850k house in Microsoft country suburbs at 3.7% 30yr, 250k down. Dumped an additional 70k into kitchen remodel, flooring, carpet, paint, and a new roof. It has appreciated almost 200k. Dual income ~250k a year. How'd I do?

[Anonymous No.56049837]

>>56046796
people have been saying this for decades. it just doesn't materialize, the only people who seem to like the Great Lakes area are people who grew up there. some people really like Chicago, some people really like Madison...other than that it its pretty meh. its sort of the like the PNW in this way, though that finally managed to boom because this whole cult of the outdoors thing.

I would never expect a boom. Though on the other hand, don't expect too much of a bust either.

[Anonymous No.56049924]

>taking zillow seriously
>zillow that lost billions buying the top
>zillow that predicted 20% price increases in 2022

[Anonymous No.56049945]

>>56049837
Interesting. I've lived here my entire life and all I have heard was the opposite - the midwest is dying, it will never recover, it's too cold, move to florida etc.

But since the pandemic, especially the past year or so, I've seen a lot of talk/a few anecdotal examples. People from california coming because it's cheaper, people from the south coming because it's colder, etc etc. Maybe that's just my bubble but it's an interesting trend.

[Anonymous No.56049977]

>>56049924
The housing line must go up forever Anon.

[Anonymous No.56050031]

>>56049945
I grew up less a mile from Lake Michigan so I love it. I'm coming back in the spring after ten years away and very excited about it. You don't have to sell me on its benefits, I'm well aware.

But the fact is man, every five or so years we get a death winter. Like some unending nightmare where it gets to be -50F without a lot of nice snow and the you keep having cold 45-50 degree days from March to April to May and well into June. I personally grew up with enough of these that it doesn't bother me, but even people from New England and the mountain west can't handle it.

That and its just kind of hokey. Its not sexy really at all, the only attractive people are in Chicago and Madison, and Madison is really still just a college town which has appeal to some but most people in today's America aren't too wooed by that sort of thing. Again, this is a positive to me.

[Anonymous No.56050042]

>>56046121
yes, you would have made more money on the house in florida after costs related to buying the house (paying real estate agent, bank, etc)

[Anonymous No.56050046]

>>56046011
Office space prices are sinking like a rock because so many businesses are either becoming insolvent and closing their doors or downsizing in preparation for automation and AI.
Unless you think that turning your country into an enormous slum full of unproductive third worlders to keep housing prices high (at taxpayers expense) is a good idea in the long term.

[Anonymous No.56050061]

>>56046796
>DECLINING black population across the board
where are they going?

[Anonymous No.56050067]

>>56050061
California for all the free shit

[Anonymous No.56050069]

>>56050067
No, that's not true. the california black population has been dropping for decades

[Anonymous No.56050074]

>>56050061
South. Though Chicago is still a surpremely fucked up city because you have a lot lot lot of very pozzed whites there.

[Anonymous No.56050279]

>>56046011
You see those lesser green patches in North Dakota? Thats where Im going bros. I work from home and the housing in Fargo looks way more appealing than anywhere else
>but its cold
Good itll keep out the normies.

[Anonymous No.56050389]

>>56046011
WHY is the South experiencing such a boom in growth wtf

it's a disgusting shithole

also it's remarkable how distinctive the boundaries of Louisiana are. Clearly bad policy is destroying the growth of that state. wonder what the policies are exactly

[Anonymous No.56050400]

>>56050389
bro this map is like torture for the colorblind

[Anonymous No.56050428]

>>56047282
That is not nearly granular enough. Milwaukee area is the most segregated metro area. One block goes from incredible property value and growth to absolute slum. I assume some areas are in a huge bubble just like other areas of the country

[Anonymous No.56050552]

>>56050389
Louisiana may be the most corrupt state in the US, its an absolute shithole filled to the brim with extremely dumb fucks who have lived there for generations. These dumb fucks love to vote for politicians who promise everything and rob them blind. Top to bottom in every way the government of that state is corrupt or ineffectual, usually both.

[Anonymous No.56051537]

>>56050552
"but at least you can still drink in the streets!!"

[Anonymous No.56051640]

>>56050389
Retirees that are immune to rates due to buying in cash are moving to the south.

The bad schools and lower paying jobs don’t affect them either because their kids are grown up and they are done working.

[Anonymous No.56051926]

>>56046014
You have the worst of both worlds - lack of job opportunities from living out in the country but all of the state's taxes, gun laws, and restrictions on gas stoves.

[Anonymous No.56051959]

>>56046014
they are effected by the liberals taxes and unfavorable laws designed to fuck over everyone whilst still being rural.
meaning they don’t benefit from anything.

[Anonymous No.56051994]

>>56046880
/thread
imagine falling for these tricks and astroturf posts like >>56047277

[Anonymous No.56052002]

>>56050061
Atlanta mostly. DC, charlotte and the big Texas cities as well. Detroit and Chicago each lost about 100k in population between 2010 and 2020 almost all of it was nigs moving to the south.

[Anonymous No.56052007]

>>56046011
>real estate company that benefits from rising prices predicts prices will rise
>highest mortgage rates since 1980s
>highest gap between cost to own vs cost to rent ever
>average house price up 50%+ since 2020
>bizraelis: "GET IN THE MARKET NOW YOU WILL BE PRICED OUT FOREVER SPEND ALL YOUR INCOME AND BORROW FROM FAMILY TO BUY A HOUSE, BUY LAND, AND BUY APARTMENTS THE PRICE WILL GO UP FOREVER!!!!"

[Anonymous No.56052022]

>>56049924
I wonder how desperate Zillow is with their inventory right about now lol

[Anonymous No.56052026]

>>56050389
the south is basically little islands of affordable luxury living in decent towns separated by truck stops and coonvilles, im guessing the green there is the former not the ladder

[Anonymous No.56052039]

>>56050552
also totally unrelated but it's the 2nd blackest state

[Anonymous No.56052041]

>>56052007
>2007
DIGITS CONFIRMS
HOOMERS ARE FUKD

[Anonymous No.56052062]

>>56052007
the biggest top signal is people saying that an asset will go up forever. real estate collapse is already starting to happen in china, it'll eventually happen here once the cost of housing to income gets too high like it did in all of the big chinese cities

[Anonymous No.56052110]

>>56052002
they are definitely piling into the southern suburbs (aka the really shitty ones) an hour south of town.
the nig population in the real Atlanta area is actually going down though. they cant afford anything in the metro area anymore, it's all being bought up by asians/indians and liberal tech whites and getting gentrified, can't complain honestly.

[Anonymous No.56053893]

>>56046011
Of course (((Zillow))) is going to say that. They sell houses.

[Anonymous No.56055629]

>>56053893
Yeah exactly, they want people to buy houses now because it's their business model. It's the same with Scorch, everyone tries to shill their project and say "oh wow this is so game changing blah blah blah." But it's all the same bullshit every time. Scorch doesn't need to be shilled because it speaks for itself when you read the whitepaper and realize the true potential. People just think that every crypto project is a scam but it's not true. Scorch has a solid community backing it up and the devs are really hardworking and transparent. And their memes are pretty funny too ngl

[Anonymous No.56055859]

>>56055629
Yeah I agree! I think Scorch is a solid project with a really great community and development team behind it. The white paper is really well written and it's easy to understand compared to some of those other "project" out there. My favorite thing about scorch is the meme game, the community really has some top kek for sure lol...check out scorch.coin.com/ for the hottest new meme-fueled crypto community on the planet

[Anonymous No.56056227]

>>56046796

Minneapolis is full of Africans and last two winters have been awful

[Anonymous No.56056277]

>>56050279

dakotas are a meme. there is nothing but corn and gas stations

[Anonymous No.56056294]

Im in DFW and the amount of existing homes for sale have exploded in the past few weeks. Half of them were listed for rent earlier this year. Most of them have the typical flipper grey flooring etc. Its happening and the next 4 years are going to be hilarious.

[Anonymous No.56056598]

>>56051926
This. You have none of the benefits of living in a red state while also having all of the burdens of living in a blue state. Your entire income is taxed to subsidize the luxury ideologies of rich homosexuals in Manhattan and your town's infrastructure is basically ignored and allowed to become dilapidated.

[Anonymous No.56056607]

>>56056598
what the fuck are the benefits of living in flyover methville, exactly, Chud? enjoy dying while bleeding out waiting to be airlifted to the hospital when you get a paper cut. good luck.

[Anonymous No.56056611]

>>56051926

Similar dynamic in Illinois. The same boring cold midwest, but with California/NYC politics lording over you.

[Anonymous No.56056643]

>>56056607

The fact that you aren't aware that nice smaller towns/cities exist with affordable areas, safe communities, decent people, is a bit sad anon. You are a slave to the concrete and bureaucrat.

[Anonymous No.56056726]

>>56047277
holy shit..normies really can't hold onto a few thousand dollars without fomoing into a leveraged real estate play.

[Anonymous No.56056872]

>>56046106
zillow is holding the heaviest baggies of all time

[Anonymous No.56057090]

>Le zillow
>le estimate
>le pöör

>>56052062
It happens every time. They're already talking of ARM because
>the rates WILL go down next year

[Anonymous No.56057138]

>>56046011
>over the next two years
Two more years mortgage cuck.

[Anonymous No.56057159]

>>56046011
cant argue with this. even if this isn't completely accurate on all counts
one things remains true, they aren't making any more land. its the only thing there not making anymore of, unless your bill gates and you've got a space based directed energy weapon to burn down entire cities worth of homes so you can swoop in the next day and buy all the land for pennies on the dollar

[Anonymous No.56057254]

>>56046796
>ample fresh water

Lol

[Anonymous No.56057681]

>>56046937
how poor are you?

[Anonymous No.56060253]

you guys are missing the truth about rural new york. it's not just the policies, but the huge property tax of 3% which makes real estate there a terrible investment

a $150k home will end up costing you 250k over a decade

[Anonymous No.56061345]

>>56050552
>the most corrupt state in the US
That honor belongs to Arkansas

[Anonymous No.56061603]

>>56046011
>Zillow expects home prices to increase over the next two years.
They predicted something crazy like a 25% increase from 2022 to 2023 and they have revised that dramatically to whatever it is, something around 3%. Why would you believe them? Their entire business model relies on you using their site in a state of absolute panic.

[Anonymous No.56062438]

>>56050552
This is 100% the case. The current governor literally got into office by bushwhacking his opponent's reputation over something he did 20 years prior, and promising 500,000 more welfare openings for the nogs (he delivered).

The governor before him was a scrawny pajeet who forced taxpayers to fork over $50 million to bail out a fucking chicken plant.

The governor before him presided over the absolute clusterfuck that was Katrina, and what's worse, was a woman.

[Anonymous No.56062555]

>>56046011
Top signal. Nobody is buying your bags, Larry.

[Anonymous No.56062564]

>>56046149

[Anonymous No.56062586]

>>56056607

[Anonymous No.56062595]

>>56046796
>>DECLINING black population across the board (even in shitholes like detroit and the south side of chicago), rapidly in some cases
I'll see it when I believe it.

[Anonymous No.56063119]

>>56046121
Sure you made the same 100k but you spent more in order to get that value. Someone who works 50hours a week at 10 an hour and someone who works 5 hours a week at 50 an hour make the same 500, but it took more effort. This is why people care about how much their hourly rate is the same way we don't compare just profit by itself but care about the return on your investment.
I hope you're just trolling because the inability to understand basic concepts like per capita are classic signs of being low IQ.
>>56052002
Wait why are they moving back south? Is this the educated population of blacks leaving their inner city ghettos for places with better off black communities? I can't understand why a Chiraq babymama would move to south Atlanta which probably is just as bad or worse.
>>56050389
Well there are a lot of places in the South that are booming because they're nice white areas to live with a young educated population and good jobs like Charlotte. The funny part about migration to the south is that it usually saved the GOP. The average person who moved to Texas was more republican than the average Texan who are shifting the state's politics to the Democrats
>more nigs voting
>explosion of Latinos
If it wasn't for these California refugees Texas would've been blue. Florida got saved by the boomer retirees.

[Anonymous No.56063193]

>>56046011
>They don't think the effects of the work from home revolution on housing have ended.
Easiest power play you could pull if you've got the coin is to invest in more rural fixer upper. Its basically preprogrammed right, as the novelty of the
>big shiddy life
Wears off and more people want to work from home and for that home not to be shoe box 97 on floor 12 of block shootout 6.

[Anonymous No.56064494]

>>56056611
No, the problem in Illinois is just crime and dystopia

look at the poor areas - it's just South Chicago and Gary Indiana, that's it

[Anonymous No.56064522]

>>56046011
ok dude

[Anonymous No.56064528]

>>56046011
Crashing with no survivors

[Anonymous No.56064727]

>>56046532
Used to live in Indiana. When is lilly going to pull out? Wasn’t that supposed to happen, cause when it does, places like Carmel and Zionsville are going to implode.

[Anonymous No.56064737]

lol ok, businesses want to make money? no shit?

the question that keeps getting asked that never gets answered is how are people in mass going to be able to pay for these prices? protip: the answer is 95% of the population can't thus prices can not rise. supply and demand is still a thing.

[Anonymous No.56064821]

>>56046140
Anon, apartment values are about to plummet because supply is outstripping demand. Blackrock et al. have ran on the assumption that if they punch down far enough, they can "force behavior" onto consumers, turns out you can't force proles to be able to afford asinine prices and millenials living with their parents is like a nuclear bomb on the moneyed interests of our serpentine overlords. Even *if* home prices went up for a few more years, you're betting that you'll be able to sell your bag based off what? A sudden rise in consumer purchasing power under the absolute state of our monetary deflationary schemes? 1% of homes changed hands in the past year folks, tons of people are trapped in outrageous mortgages that they will default on and those properties will dump onto the market at break neck speeds and for prices as cheap as they have to be for the banks to cut their losses. Every house I've looked at in hot markets like Texas is currently 5%-10% reduced off asking price, which is not the offer they'll be getting(which you surely realize, being a savvy residential property investor), and that's for houses in the BIG CITY, not the outskirts. So sure anon, I may live in a studio for a few years - but not out of necessity, I'll pay less in rent than zilloid's pay for their mortgage for a house that they could easily lose - and I'll be flush with cash and good credit to purchase a 3bd2ba house for under $200k and there is actually nothing you can do about it but cope and seethe on 4chan as reality slowly sets in on you.

[Anonymous No.56065032]

My parents listed their house 5 years ago for around 600k. No bites so they pulled it off the market.

Today zillow has it priced at 1.3 million.

[Anonymous No.56066624]

>>56063119
>Florida got saved by the boomer retirees.
They're the ones who fucked up Florida. It sucks down here because the only reasonably priced homes are 55+ only communities. Boomers have literally made it to were you're forced to buy their shitty overpriced house while they get to flee to their 55+ communities

[Anonymous No.56066708]

Real estate prices will capitulate eventually. The FED doesn't care about boomers approaching retirement and wanting to cash out when the sanctity of the dollar is at stake

[Anonymous No.56066807]

>>56046396
The absolute state

[Anonymous No.56066882]

>>56066708
Boomers already sold and moved down south.

Gen X is next. Wish nothing but the worst for the generation of absent parents.

[Anonymous No.56066900]

>>56050031
I live near Detroit, unfortunately, and I really like the western part of Michigan. Might just say fuck my job and comfort zone and move over there right on the lake. Yes I'll get nuked by snow but an eternal shitty winter is the same everywhere to me. You're definitely not wrong about the people being in a grim state in general... first everyone is old as fuck. Like I'm talking the average age of white people outside of Ann Arbor (where they're all gay champagne communists) and East Lansing is like 50 fucking years old. It's ridiculous.

[Anonymous No.56066915]

>>56046345
real estate is invested in by normal, functional adults. I see far more picrels doing retarded shit in crypto. stop projecting. I locked in a sub 3% rate.

[Anonymous No.56066929]

If I was a car salesman I would also be telling people that they're going up in the next two years. As old as time...

[Anonymous No.56067665]

>>56066900
Yep. I grew up outside of Ann Arbor. Left in my 20s for California. Came back in my 30s.

No one is my age here. Whenever I go out I just see a bunch of Gen X fucks driving their F-150s. Millennials all left because the job market sucks.

Dating is impossible. The women are all fat, stupid, spoiled feminists in healthcare and education.

>>56050031
This was my first winter back here since 2010. It was fun at first in to see seeing snow for the first time in years, the blissful silence of no one being on the roads. Even had a white Christmas.

Then you get the sub-zero temps and larger snowfalls in January. February has even larger snowfalls. March comes around and you're wondering why it's not getting any warmer. Hell we had snow in mid-April this year, after the golf courses re-opened.

I'm already looking at finding snowbird properties. Fuck being here year round.

[Anonymous No.56067722]

When housing CRASHES a massive 3% you hoomer baggies are going to seethe and shart and beg RENTGODS for mercy.