The housing market apocalypse has started.

The housing market apocalypse has started. How will idiots who just bought cope when their homes will be worth 30% less soon?

  1. 1 month ago
    Anonymous

    I can't fucking wait. There are multiple cases on my street of tard millennials doing things like paying $960K for a house that last sold 4 years ago for $615K.
    And tard boomers have been listing houses that should be $700K tops for like $950K and have already had to drop the price multiple times, still haven't sold. The tides have definitely turned, and it's only going to get better as we draw further into our Biden recession and shit.
    But hey at least they "locked in" their 3% rate :^)

    • 1 month ago
      Anonymous

      Those idiots are about to get burned.
      In a few more months all the buyers who are still holding onto those locked in 4-5 rates will be no more and thing will really drop quickly.

    • 1 month ago
      Anonymous

      How much did your rent go up this year? Don't further to tip your landlord

      • 1 month ago
        Anonymous

        Rents are also falling as we speak, every single day. They are tied into the housing market if you didn't know.

        • 1 month ago
          Anonymous

          Need some hard data.

          • 1 month ago
            Anonymous

            if you want to watch it live
            just go pick an apartment complex with places to rent, and watch the price come down every few days

        • 1 month ago
          Anonymous

          Doubt. The apartment I paid $2100/month at in 2021 has the same floor plan starting at $2800/month right now.

        • 1 month ago
          Anonymous

          i have not heard a single thing about rent falling. i don't think that's how it works

        • 1 month ago
          Anonymous

          Rents going up chump
          T. Landlord

          • 1 month ago
            Anonymous

            Retail Randys like you will get flushed so fucking hard when real estate drops. The big players are unloading, and you will hold ze bags

            • 1 month ago
              Anonymous

              dotr soon, leaf
              price drop in 2 more weeks!

              • 1 month ago
                Anonymous

                Leafs don't have fixed interest rates, in fact most of the world doesn't.

        • 1 month ago
          Anonymous

          That's not how it works. Rent may stabilize but it never goes down.

          • 1 month ago
            Anonymous

            >My rental property may be empty but it's worth 3k a month!
            Hahahahahahahahahahahahahahahaha

        • 1 month ago
          Anonymous

          lol no.

          House price may fall but that’s because interest rates are going up. The monthly payment is staying the same. Rent is not going down you retard.

      • 1 month ago
        Anonymous

        It literally didn't.
        BUT the ~~*owner*~~ did try to extremely gnomishly scam us into buying the house in an NPC fear rush. It went like this:
        >submit lease renewal to property management company in early March (lease term is May to May)
        >ESL foreigner fuck property manager comes back in late March saying "the owner wants to sell house and wants to know if you interested"
        >we take this as the owner intending NOT to renew the lease but rather just sell the house
        >we say OK, sure, we like the house, let's talk
        >we get the house inspected as a matter of course for this stuff
        >~~*owner*~~ chimps out, "OY VEY IM NOT EVEN SURE IT WAS LEGAL FOR YOU TO GET MY HOUSE INSPECTED. IN TODAY'S HOT MARKET THIS IS A BARGAINING POINT, YOU HAD NO RIGHT. WE SHOULD ONLY TALK THROUGH REALTORS NOW"
        >~~*owner*~~ gets her friend small-time literal who """realtor""" to come over and give the fucking hammiest show I've ever seen fawning and gushing over this mediocre mid-1980s house that hasn't had any renovations or anything and is worth at best like 700K (we live in a globohomo area sadly) with inflated prices
        >eventually get a "Yeah, so we were gonna list it for 870K but our special price for you is 850K :^*~~"
        >tell them to fuck off. Overpriced for one, and everything has been pretty shady and pressured about this in general for two
        >we're in a panic looking for a new place to live on such short notice
        >get suHispanicious about this whole situation, so bypass ESL property manager and call her department manager, call various directors, call the CEO of the company, straight up visit their physical office (everyone was hard to get hold of) etc. until eventually getting an email from the director of leasing
        >the fucking lease renewal was signed AND ratified in March and there was never any danger of the lease being not renewed
        >haven't heard shit since about the ~~*owner*~~ wanting to sell the house to us or anyone

        • 1 month ago
          Anonymous

          Anyone have the GIF where he goes Saiyan?

      • 1 month ago
        Anonymous

        Jokes on you. I live with my mom.

      • 1 month ago
        Anonymous

        I moved in fall of 2020 and my landlord hasn't increased the rent.

        • 1 month ago
          Anonymous

          We have folks who haven't had a rent increase in 4 years. We went up basically $50 on everybody but rent really goes up when you move out.
          I'm happy for you to stay there a bit below market rate and not lose the money repairing and sitting empty with god knows who is going to walk through the door.
          I think that will end with increased corporate ownership.

    • 1 month ago
      Anonymous

      >I can't fucking wait. There are multiple cases on my street of tard millennials doing things like paying $960K for a house that last sold 4 years ago for $615K.
      $960k at 2.5% is the same monthly payment as $615k at 6%. Except they're not going to drop that much. Everyone who bought in 2020-2021 has won. Sorry if you're priced out bro

      • 1 month ago
        Anonymous

        >Sorry if you're priced out bro
        If there's one thing I've learned from PrepHole it's that whenever someone says you're "priced out", a crash is coming.

        • 1 month ago
          Anonymous

          lmao that really is the winning strategy
          >always do the opposite of whatever PrepHole says

          • 1 month ago
            Anonymous

            According to biz from 2021, bitcoin is supposed to have been $100,000 at the start of this year. And they still keep thinking the line will just keep going up.

      • 1 month ago
        Anonymous

        Massive cope. Can’t refi the principal chief.

      • 1 month ago
        Anonymous

        >Except they're not going to drop that much.
        top kek you're fucked

      • 1 month ago
        Anonymous

        >Being $300k underwater doesn't matter because, it just doesn't okay

        • 1 month ago
          Anonymous

          Why?

          • 1 month ago
            Anonymous

            Because you're paying almost a million dollars for an asset that's only worth $600k. The monthly payment doesn't matter. I'll happily sell you nothing for the same monthly payment as you have now since it's the same thing either way.

    • 1 month ago
      Anonymous

      >But hey at least they "locked in" their 3% rate

      Why are you quoting "locked in?"

      Most of the issues withe 2008 down turn was from idiots that took variable rate loans.

      • 1 month ago
        Anonymous

        Almost all loans are fixed rate now

        • 1 month ago
          Anonymous

          Where are my underwater sisters at!?

          >Almost all loans are fixed rate now
          That'll matter a lot with a 12% unemployment rate and you can't sell your house to move where there's any jobs without having to pay 200k out of pocket on your underwater loan.

          • 1 month ago
            Anonymous

            Yep. It wont be as bad as 2008 probably but many people are still going to get fucked

          • 1 month ago
            Anonymous

            You don't get it.

            The variable rate loans royally fucked people up. Since their mortgages now cost like $600 more a months then they got fired.

            If you didn't borrow too much for your house, then you can get by working shitty jobs to pay your fixed rate mortgage.

            • 1 month ago
              Anonymous

              Hi. I heard you're unaware that lenders were qualifying people for loans where the mortgage was 60% of their take home and with a 5% down payment.
              Great interest rates tho!

            • 1 month ago
              Anonymous

              There is a lot of money in variable rate loans but most are jumbo loans. Smaller investors & maybe folks in very HCOL areas are the ones who'll have a problem. Not the average homeowner.

          • 1 month ago
            Anonymous

            >Paseo Blvd.
            Yikes, no thanks.

            • 1 month ago
              Anonymous

              All of Texas is a giant shit hole.

              I'm an actual realtor and rental investor.
              I'm telling ya, these prices aren't tanking. Shit is setting for a few days longer but, prices are still crazy high.
              I dont have a crystal ball but, prices are right along the growth curve from 2008. We've finally just recovered from the housing crash is all.

              >I'm an actual realtor and rental investor.
              So you're a financial retard that passed an online test? Cool.

              • 1 month ago
                Anonymous

                At least I'm not using fucking zillow to verify housing trends.
                I can see half the state on my mls and know exactly whats selling and for how much. In my podunk little area, shit that was for sale for 18k is still selling at 87k.

              • 1 month ago
                Anonymous

                >Places are still selling at over value
                I know. And they're selling multiple times. Why can't they close escrow!?
                Things are still safe and effective right!?

              • 1 month ago
                Anonymous

                Nope, closed and recorded.
                I'm sorry your zillow doesn't keep better records from what they steal from us braindead realtors.
                Keep hope alive, bro.

              • 1 month ago
                Anonymous

                If only reality matched your cope.
                What's this graph mean? Is it bad?

              • 1 month ago
                Anonymous

                That people were overpricing their shit.
                This graph doesnt say by how much or any relation to even tax value.
                Overpriced and non-updated shit isnt getting snatched up as fast because less people are able to get mortgages.
                Homes are still being purchased by investors before they sit on the market very long.
                Show me a days on market or % above tax value if you want it to mean something. Heck, even how much of a price decrease could work.

              • 1 month ago
                Anonymous

                >Confirmed illiterate
                Not really surprising for a realtor
                See

                https://i.imgur.com/dd8S4YX.jpg

                The housing market apocalypse has started. How will idiots who just bought cope when their homes will be worth 30% less soon?

                Aka OP.
                What a beautiful self-own though. Your friends and family called you dumb for being a realtor. They were wrong. You're actually a retard.

              • 1 month ago
                Anonymous

                Confirmed gay who still doesn't understand overpriced homes dropping their price is meaningless and that this is not a housing "Armageddon".
                I've said prices aren't going anywhere and your "own" says "returning to normal".

        • 1 month ago
          Anonymous

          Not in Canada, they're probably going to blow up the way we did in 2008.

      • 1 month ago
        Anonymous

        >Most of the issues withe 2008 down turn was from idiots that took variable rate loans.
        Wrong you idiot. The problem was that government was offering guarantees to banks who would approve loans for high risk people. Aka morons and Mexicans. And then they were picachu face when morons and Mexicans couldn’t pay the shit and government had to bail out banks as part of the deal. Banks were left with free homes that they let sit until the artificial low supply caused the next uptick in house prices.

        • 1 month ago
          Anonymous

          Wrong. It had to do with how they were bundling high rated mortgages with low rated mortgages which had higher default rates and sold the cash flow bundles as if they were all A+ credit. It’s been a long time since 2008, it would benefit you to learn what happened

      • 1 month ago
        Anonymous

        All the cash buyers you heard about mostly got that cash by buying it with margin using other assets as collateral

    • 1 month ago
      Anonymous

      >image

      Read Ross Douthat's "Age of Decadence." Technological and cultural innovation has stalled so nobody knows where to put their money. Lots of capital piled up looking for a place to go makes fertile ground for even the most obvious con artists. It's more than an economic problem, it's a civilizational problem.

      • 1 month ago
        Anonymous

        That's what happens when you stop investing in technology. People that made money think civilization has made "enough" technological progress.

        Then 10 years on, they are caught with their pants down because they have nothing new in the pipeline. Many such cases in various industries. It happened to AMD. It happened to Intel. Not all companies recover from a lack of research investments.

        You absolutely can never stop investing in technology research... even when you're riding high in your, temporarily, latest and greatest thing.

        The best companies always push to make the best products.

    • 1 month ago
      Anonymous

      This confirms it, Reminiscences of a Stock Operator is the best investment book of all time. It is as relevant today as it was during its first print.

    • 1 month ago
      Anonymous

      >that screencap

    • 1 month ago
      Anonymous

      https://i.imgur.com/dd8S4YX.jpg

      The housing market apocalypse has started. How will idiots who just bought cope when their homes will be worth 30% less soon?

      How is this any better? Now you got 100 million people with their finger on the BUY NOW button which means houses will be even MORE UNAVAILBLE Than before

      • 1 month ago
        Anonymous

        This is what's got me nervous. I'm ready to "settle down" but I'm not sure I have the down payment or the income to outbid all the DINK's, investment firms, rent goblins, and just generally more successful people to get a place I'll really want

        • 1 month ago
          Anonymous

          Only 5% of Americans can actually afford this real estate market. Everyone else was borrowing free money. Just wait.
          Hold cash, be safe in bonds, or risk it commodities. But wait.

          • 1 month ago
            Anonymous

            > hold cash while inflation skyrockets.
            You are one retarded Hispanic you really are.

            • 1 month ago
              Anonymous

              Cash is getting burned the least compared to stocks Bitcoin reits and everything else right now.

            • 1 month ago
              Anonymous

              It's bleeding slower than everything else.
              Better to take a 10% loss than a >20% loss.

          • 1 month ago
            Anonymous

            >Hold cash, be safe in bonds, or risk it commodities. But wait.

            > hold cash while inflation skyrockets.
            You are one retarded Hispanic you really are.

            Are you an actual retard or just incapable of reading an entire sentence before replying?

            • 1 month ago
              Anonymous

              All three options are fucking stupid and only a shit for brains mutt like you would not know it.

              For instance, if inflation is 10%, and a bond is like 2.3% interest, then you are losing money moron.

              Holding cash when inflation is peaking is fucking stupid.

              Holding commodities is not 'waiting' in the sense the assets can be liquidated.. your 2 weeks until I can afford to be an adult meme will never coom.

              • 1 month ago
                Anonymous

                >Holding cash when inflation is peaking is fucking stupid.
                Unless the garden gnomes usher in an era of deflation (hint like they've done every time the control central banks after inflation currency), most people don't have cash to pay for things and then asset prices plummet.
                How much 'money' just disappeared and ceased to be in existence during 2007-2008?

              • 1 month ago
                Anonymous

                >Da Joos will make the magic money disappear.
                Grow up child

              • 1 month ago
                Anonymous

                Hello garden gnome.
                Nice argument and great answer to my question.
                Good to see that you are living up to your peoples predictable intellectual capacity.

              • 1 month ago
                Anonymous

                Those are your only options. Or you're looking at a 20% loss + inflation.
                I'm not sure what planet you're from, but there are no safe investments in 2022 where you make a positive return over inflation.

              • 1 month ago
                Anonymous

                Pretty much only housing, and you could have had to have bought it a year or more ago. Everything else is fucked. Cash and ibonds are the best thing right now. People are stupid as fuck to leave their money in SPY thinking it's gonna last through inflation

              • 1 month ago
                Anonymous

                During a normal year real estate returns 4%. 2021 was the black swan event with 40% return, even beating tech by 6%. Real estate is a terribly bad investment right now.

              • 1 month ago
                Anonymous

                *would have bought it more than a year ago
                NVM. Yes. You're right.

                During a normal year real estate returns 4%. 2021 was the black swan event with 40% return, even beating tech by 6%. Real estate is a terribly bad investment right now.

                It'll take a few years to unfuck the free money craze on pricing.

    • 1 month ago
      Anonymous

      Some of this is right, but some of this is wrong, like his weird obsession with EV's, which is a going trope around here with retards.

      • 1 month ago
        Anonymous

        EVs will win, because of one single feature:
        They accelerate way better at the traffic lights.

    • 1 month ago
      Anonymous

      >should be 700k
      Even that is WAY overvalued. There's no reason a house should be more than 200k

    • 1 month ago
      Anonymous

      I'm keking at every doubting Michael Burry. People were saying he's called all these downturns and none have happened, but he was in all long positions until very recently where he's now started shorting. It's over. He's the gigautist of all the autists.

      • 1 month ago
        Anonymous

        Burry is always early.
        If you waited a year then made the same moves he did, you'd make an absolute killing

        • 1 month ago
          Anonymous

          In fairness, Burry made the bet based on loan default rates.The reason he was so early was because of fraud in credit rating agencies.

          • 1 month ago
            Anonymous

            Right, Burry's mistake is being too optimistic about the ethical behavior of the finance industry. They will lie, cheat and steal long enough to bankrupt the people who bet against them early.

    • 1 month ago
      Anonymous

      So what? They will still be able to afford the home and have a super low interest rate.

      • 1 month ago
        Sophistry

        >So what? They will still be able to afford the home and have a super low interest rate.
        I don't get what he is sneering about. Sounds like the laugh was on him for not buying.
        Like you pointed out, so long as they are locked in, who cares? The money supply is going to inflate which means they pay off the house in inflated dollars instead.
        I'm thinking Mr. Renter is 2nd guessing his decisions and a little judgmental as a result.

    • 1 month ago
      Sophistry

      Too funny. A renter is complaining about people taking the risk to own.
      You should be very careful. You could find yourself living in the banks home and they want you gone asap. Better perk up to why guy was trying to sell, or does laughing at neighbors take up too much of your time?

  2. 1 month ago
    Anonymous

    You have to take into consideration the interst expense during ownership. That's why house prices surge with low rates

    When you get an ultra low interest rate on your mortgage you will pay more upfront because over the course of your loan you will pay less. It also has a dramatic effect on the monthly payment

    So if those people are not intending to sell soon, they will be fine, if they had to rebuy now, the upfront might be cheaper but the interest rate has surged from 2.3% to 6% over the last year of so had the fed rolls back it's QE

    • 1 month ago
      Anonymous

      You buy when property itself is cheapest due to sky high rates, then refinance the debt at the low rate.

      • 1 month ago
        Anonymous

        This is the way.
        Only morons getting fleeced by used car salesmen focus on monthly payments -- you'll notice car dealers ALWAYS try to make the discussion about the monthly. Any financial patrician knows its about the total principal of the loan.
        Even if rates were 0%, a 1 million dollar loan is still a 1 million dollar loan. And plenty of idiots went out and got them, getting hoodwinked into thinking it was the right thing to do because rates were low.

        • 1 month ago
          Anonymous

          Federal reserve is commited to rape hikes until employees no longer have wage bargaining power through unemployment. They are going to rape hike then take them back to zero when the EU debt bubble pops next year

          • 1 month ago
            Anonymous

            >Rape hikes
            Kek. Unfortunately, this is exactly right. They don’t care about anything but the protection of elites. “Inflation” merely means the underclass managed to get some of that printed money used to prop up the elites.

        • 1 month ago
          Anonymous

          >quoting star wars unironically
          That heckin' '''''wise''''' saying is meaningless, lame and gay.

        • 1 month ago
          Anonymous

          Also, your post is completely wrong. The rich are getting richer because they understand a billion dollar loan at 1% is literally free money if the assets they buy with it can return 1.1% a year.

          • 1 month ago
            Anonymous

            Britanon's are killing it in this thread. No idea why so many people still don't understand how debt works

          • 1 month ago
            Anonymous

            The super rich get richer because they are the house. The laws are passed for their benefit, and they (or their financial advisers) get price-sensitive information before it is released. Oh, and also the can move the market in their favour if need be.

          • 1 month ago
            Anonymous

            >green line will go up FOREVER goy, why would it not?
            I fucking hate you garden gnomes with a firey passion

            • 1 month ago
              Anonymous

              Rentcucks will always pay a premium over mortgage rates.

        • 1 month ago
          Anonymous

          >Even if rates were 0%, a 1 million dollar loan is still a 1 million dollar loan
          This is why you'll never be rich, right here

          • 1 month ago
            Anonymous

            Yet, he'll still blame the morons and the garden gnomes, as is tradition.

        • 1 month ago
          Anonymous

          >Even if rates were 0%, a 1 million dollar loan is still a 1 million dollar loan
          Lmao this retard monkey moron

    • 1 month ago
      Anonymous

      That isn't how it works at all retard.

      When a home is sold for a larger price the profits go to the home owner not to some lender. The lenders are not going around telling people to sell their homes for higher prices so that they can earn more interest profits from their loans.

  3. 1 month ago
    Anonymous

    Only buy. Never rent. These garden gnomes are trying to use housing as a cash cow.

  4. 1 month ago
    Anonymous

    I can always afford my mortgage payment. My house's value could drop by 75% and I wouldn't care.

    It's always cheaper than renting.

  5. 1 month ago
    Anonymous

    Good. No respect for residential real estate investments.
    Resorts are fine.

  6. 1 month ago
    Anonymous

    I'm coping pretty fine since my mortgage won't go to with inflation but your rent will

  7. 1 month ago
    Anonymous

    Depends on the market. Not every market is an Austin or Pheonix. But houses longer on the market can definitely lead to better negotiations and more favorable outcomes for the buyer. That's what I'm hoping for.

    • 1 month ago
      Anonymous

      It'll happen. Rates will get to and eventually exceed 6%, we're headed into a literal recession with no reversal in sight thanks to the build back better shit, gas isn't going to stop rising, power and food will become much harder to afford, etc.
      Meanwhile boomers will still list at 2021 prices then panic sell at a huge cope reduction after houses sit for 12+ months

    • 1 month ago
      Anonymous

      >~ a fifth of the US
      >Area
      What even is this? Even in Virginia Fairfax isn't Northern Neck isn't Lynchburg, there are massive differences between these places.

      • 1 month ago
        Anonymous

        This was meant for:

        i have like 80k in cash and am planning to move to somewhere in nc/sc/wv/va/ky/tn area. how hard is it to buy a house with cash? i see some fixer uppers for like 30-40k around there.

  8. 1 month ago
    Anonymous

    i have like 80k in cash and am planning to move to somewhere in nc/sc/wv/va/ky/tn area. how hard is it to buy a house with cash? i see some fixer uppers for like 30-40k around there.

    • 1 month ago
      Anonymous

      Not hard

  9. 1 month ago
    Anonymous

    Do the math on what house you would need to buy at a 6% rate vs a 2% rate many people got at the low point in 2021. My $550k house (back in 2021) at 2% would have the same monthly payment as a $340k house at 6%. Assuming you could find a $340k house now, god only knows what that would look like.

    • 1 month ago
      Anonymous

      Housing is not very price elastic. Its got a couple months delay. Commercial real estate is already tanking and housing will follow.

      • 1 month ago
        Anonymous

        >Commercial real estate is already tanking
        You must be Democrat if you already forgot about the pandemic.

    • 1 month ago
      Anonymous

      >monthlypaymentlet
      NGMI

    • 1 month ago
      Anonymous

      >monthly cost not total cost
      oof

    • 1 month ago
      Anonymous

      If you're making minimum payments on your house you're a poorfag.

      • 1 month ago
        Anonymous

        I'm fixed at 2.25% interest.
        Given current inflation, why should I attempt to pay back faster?

      • 1 month ago
        Anonymous

        >paying more money when interest rate is lower than inflation
        I could pay my house off right now but I’m not retarded

      • 1 month ago
        Anonymous

        >interest rate is 1/4th inflation rate
        You're the poorfag here

      • 1 month ago
        Anonymous

        Why in the world would someone pay off a low interest rate loan faster? You need to learn some shit about finance before you comment anon. It isn't just herp derp I do what feels morally good. Look at it this way because you probably don't like banks either. If you pay back $300,000 to pay off your 2.5% loan, the bank will take that $300,000 and turn around and now loan it out at 4.5% This isn't even considering the opportunity cost of you paying $300,000 which was costing you 2.5% per year but could have been earning you 10% per year in the stock market.

    • 1 month ago
      Anonymous

      Sheds in California go for over half a million these days.

  10. 1 month ago
    Anonymous

    Real estate is local. You have to look at it street by street. Looking at aggregate data is meaningless unless you are a gnomish economics professor.

  11. 1 month ago
    Anonymous

    >when their homes will be worth 30% less soon?
    I plan to live in my house for a decade at the very least
    will most likely rent it out after I get bored

  12. 1 month ago
    Anonymous

    By continuing to live in my home which I purchased to raise my kids in, not as an investment strategy. You disgusting fucking yid

    • 1 month ago
      Anonymous

      Trips of truth. If you weren't selling soon anyway, then a dip in home value just means you catch a break on property taxes

      • 1 month ago
        Anonymous

        Hahaha Jesus. This cope. A big fucking asterisk is required.
        >*If you can keep your job or afford your mortgage for the next 10 years where you can break even and not sell at a loss
        Yes the lender wants their money back even if you sell at a loss

        https://i.imgur.com/DG9iJAo.jpg

        Have you learned fucking nothing from the last 14 years?

      • 1 month ago
        Anonymous

        Many states have gone away from mill rates. In my state local government levies are set independently from the tax base and the property assessment just determines what proportion of the levy each property pays. So if your assessed value goes down 10% but the average property in the county went down 15%, and the county and school district kept their budgets the same year over year (lol), you’d end up paying roughly 5% more in taxes.

  13. 1 month ago
    Anonymous

    Asset prices going down to adjust for interest rates is NOT a crash. The asset price will have to go down even further than just an adjustment for interest rates to be a real crash. Sure nominally an asset price drop from $400,000 to $300,000 could constitute a crash, but with mortgage rates around 6% that is not a crash as the monthly payment would remain fairly similar.

  14. 1 month ago
    Anonymous

    I know half the board won't understand this, but here goes: this will be nothing like 2008 because everyone now has a low fixed interest rate. 2008 didn't happen solely because of infalted values, that was simply one part of the equation. People making 15K a year were getting loans at 100% of the property value and a teaser rate of 2% or whatever with the idea being "Whatever, the value will increase 20% before the new rate kicks in and then you just refinance, now you have all this equity, life is great." But the retards didn't realize nothing goes in one direction forever, and then nobody could get out of their toxic loans that suddenly jumped to 17%.

    The only part of this that exists currently is the inflated values. Yes, you may have paid 700K for a house that shouldn't have gone for even 550. Hell, I sold a house I bought for 350 in 2017 for 592 in Jan of last year. But it doesn't matter because the suckers who bought it from me have a 2.75% fixed rate and their P&I payment will never increase. Yeah, they're stuck there, but who cares if it's your forever house?

    • 1 month ago
      Anonymous

      For every seller there must be a buyer.

      • 1 month ago
        Anonymous

        No. I'm moving on to my boat, I'm done with this garden gnome bullshit.

        • 1 month ago
          Anonymous

          moron be livin' on a sunfish

    • 1 month ago
      Anonymous

      bagholder cope

    • 1 month ago
      Anonymous

      What if ~25% of all mortgages have a HELOC tied to them and interest rates shoot over 10% while gas and food continue to climb?
      Fall behind the HELOC and the house gets foreclosed on, even with a fixed primary mortgage.

      • 1 month ago
        Anonymous

        HELOCS have become a big problem, but they're not needed to fuck the real estate market that normalized 5% down and mortgage payments that are 60% of your take home.
        Our 10% AT LEAST unemployment rate in 2023 will do enough.
        HELOCS will make the price cuts deeper for sure.

    • 1 month ago
      Anonymous

      This. If you think housing will keep going down, you’re an idiot. House will keep going up long term. Only people getting fucked are first time home buyers that bought within last couple years. But even they will make out if they are planning on not selling for many moons.

  15. 1 month ago
    Anonymous

    Imagine thinking the crash will be anywhere near 30%, your cash in the bank is worth 10% less due to inflation for a start. You would have to bank on millions of people being repossessed in order to have the 'supply' needed to drive down demand (the main issue which was ramping up prices), most people who have bought are locked in and won't willingly sell for a loss. Also markets are far more regulated than they were in 2008 re. Affordability checks so the chances of a seismic crash happening are slim. Most estimates predict a cooling off / 5% - 10% drop off at worst.

    • 1 month ago
      Anonymous

      This Britanon gets it. It's crazy how many people here love to talk about 2008, yet have no idea how and why it happened

      • 1 month ago
        Anonymous

        >Recessions don't lead to unemployment
        >I'm special, I'll never be unemployed
        >Sure I live paycheck to paycheck, but I can pay my mortgage
        >Sure I work remotely from bumfuck nowhere to afford a home, but I'm not worried about remote work drying up during a recession
        This and many other great cope hits can be yours for 3 easy payments of $3.99.

        • 1 month ago
          Anonymous
          • 1 month ago
            Anonymous

            newfag

          • 1 month ago
            Anonymous

            >2 more weeks?
            >2 more WEEKS?
            >2 MMOORREEE WEEEEKKKKKSS????

        • 1 month ago
          Anonymous

          Exactly. I lived through the 1980s price crash and it was nothing like 2008 either. It lasted far longer and went much deeper.

    • 1 month ago
      Anonymous

      >Imagine thinking the crash will be anywhere near 30%
      Canada is already down that much.

      • 1 month ago
        Anonymous

        I guess he bought in the last few years and is trying to convince himself he isn't fucked. The reality is that if you bought a decent property as a home and not an investment, and can afford the repayments, you'll ride the crash.

        • 1 month ago
          Anonymous

          The answer to how low can it go is always 0.
          Reminder that at the height of Japan's late 20th century asset bubble, the few square acres around the imperial palace in Tokyo were valued greater than the entirety of California.

          • 1 month ago
            Anonymous

            Of course, but in reality you have to live somewhere so it comes down to monthly mortgage repayment (plus other costs) v rent. Even if my equity is zero, if I'm paying less than I would in rent, I'm ahead. Plus a landlord can't tell me to fuck off.

      • 1 month ago
        Anonymous

        I fucking wish

        • 1 month ago
          Anonymous
    • 1 month ago
      Anonymous

      We'll see. The US and UK markets are very different. In quite a lot of US states, if your equity goes underwater, you can just hand the keys back to the bank and walk away from the debt. You can't do that in the UK. My experience is also that Americans are much less emotionally attached to their homes than Bongs, and if they want to sell, will price to sell. Bongs can't get it out of their head that their house is intrinsically worth what it was at the top of the market, and can't accept the fact that it's worth less.
      In practice this leads to a crash in property sales rather than prices. Owners sit on overpriced properties and prospective buyers won't pay inflated prices. It takes a while for the forced sales to start the ball rolling, which is when the slow motion price crash starts.

    • 1 month ago
      Anonymous

      >You would have to bank on millions of people being repossessed in order to have the 'supply' needed to drive down demand (the main issue which was ramping up prices), most people who have bought are locked in and won't willingly sell for a loss
      see

      What if ~25% of all mortgages have a HELOC tied to them and interest rates shoot over 10% while gas and food continue to climb?
      Fall behind the HELOC and the house gets foreclosed on, even with a fixed primary mortgage.

  16. 1 month ago
    Anonymous

    I will celebrate because I plan on dying here and building materials will have to follow the housing market and I need a shit ton of lumber and steel.

  17. 1 month ago
    Anonymous

    >Tfw homeowner with no mortgage. >mfw I see some shit about housing prices

    • 1 month ago
      Anonymous

      The reason no one replied to you is because you’re pathetic and gay

  18. 1 month ago
    Anonymous

    ~~*They*~~ know if they don't lower prices. ~~*They*~~ will have a revolution.

  19. 1 month ago
    Anonymous

    >How will idiots who just bought cope when their homes will be worth 30% less soon?
    Who cares are you some kind of boomer garden gnome that treats house as an investment and not a necessity to start a family?

    • 1 month ago
      Anonymous

      Many families bought a house for WFH now they are called back to the office and then laid off a year later.

  20. 1 month ago
    Anonymous

    This is a cope thread.
    Homes are still selling way above where they were valued a few months ago.
    Mortgages are tougher to get so sellers can't keep overpricing their turds they never updated.
    Properly-priced and updated home are still going quick.
    Prices will not fall unless we see massive unemployment and people are forced to sell.

    • 1 month ago
      Anonymous

      >He doesn't know how to sort by oldest listings
      >He thinks the "Zestimate" is still accurate
      The recession hasn't even hit unemployment rates yet and we're seeing 10% price cuts anywhere and everywhere you look.
      Give it a year or 2 for a bottom.

      • 1 month ago
        Anonymous

        I'm an actual realtor and rental investor.
        I'm telling ya, these prices aren't tanking. Shit is setting for a few days longer but, prices are still crazy high.
        I dont have a crystal ball but, prices are right along the growth curve from 2008. We've finally just recovered from the housing crash is all.

        • 1 month ago
          Anonymous

          Kek. Don't tell me, now is the best time to buy property.

          • 1 month ago
            Anonymous

            Depends on what's going to happen with interest rates. The fed seems intent to keep driving them up so you need to do the math and decide if an increase of 2% on your rate is more than the potential devaluation on the property.
            2% seriously adds up over 30 years so might be a good idea unless you think its overpriced by more than 30%.
            I'd hold and wait unless I had to move which is what I'm doing in my new property that increased 25% in a year and a half.

        • 1 month ago
          Anonymous

          "im a realtor" you mean the biggest scam on the face of the planet? i go train for a weekend and pass a test any retard can pass then I get 6% for selling your home when im really doing jack shit. realtors since they're so brilliant should be billed like a lawyer, 100 a hour and let's see if that adds up to your commission, it won't.

          • 1 month ago
            Anonymous

            Dont be so butthurt. I did an 8 week course, took state testing, worked 3 years as a provisional and completed an additional 120 hours to be where I am plus, yearly training.
            What did you do for your wage job?

            • 1 month ago
              Anonymous

              I trained for 4 years in a full time job and did approximately 3000 hours of study to pass 12 exams to gain a professional qualification. I also have to do annual CPD.

              • 1 month ago
                Anonymous

                You try to say I spent a whole weekend and thats it? You counting college or on-the-job training with all them hours?
                Hate realtors if you want but it isnt easy to be one and 10x harder to remain one.

              • 1 month ago
                Anonymous

                Not counting on the job. As I said, I was working a full time job, and doing >15 hrs study per week on top of that.
                How hard is it to tell somebody a room with a bath in it is a bathroom?

              • 1 month ago
                Anonymous

                So 4 years of college.
                Good for you my dude.
                It's a lot more than that but, hate if you want. You'll be the guy who sells his own place for 20% below market trying to save that 6%. I love finding them.

              • 1 month ago
                Anonymous

                No, I already did a 4 year college degree before studying for my professional qualification. And no I won't be that guy. I bought my house as a home, not an investment. It's conservatively worth 700% more than I paid for it and IDGAF because I'm not planning to sell, ever. The mortgage was paid off long ago. I'm the guy who repaid his mortgage as quickly as possible (in 7 years to be precise) by living frugally and paying off as much as I could every month.

              • 1 month ago
                Anonymous

                You should have gotten a 2% mortgage and invested in just about anything the last 5 years instead.
                But, good on you. I'm a MMM fan myself and skipped the mortgage this time, too. My friends get kinda irked my whole month's nut is under $900.

              • 1 month ago
                Anonymous

                Why would I want to borrow against my home to speculate on investments that could fall below the outstanding loan balance? Why would I want to give a bank power over me?

              • 1 month ago
                Anonymous

                Because 2% mortgages were ridiculously low & basically free money to invest with. You do you, though. You obviously have problems with more than realtors. I bought 3 rental properties when I had my small one & they're now worth triple while still clearing $2600 a month income.

              • 1 month ago
                Anonymous

                >And for my next trick I'll make a $2600 profit with no tenants!

              • 1 month ago
                Anonymous

                They've already paid off the property & started at only $1600 so I have some wiggle room. Haha

              • 1 month ago
                Anonymous

                >Paid off the property
                Not bad. Good for you.
                Too bad about the retards with Airbnb's that they purchased in 2021.

              • 1 month ago
                Anonymous

                When they sold my father's house, the 'appraisal' was massacred by the top gun realtor they (the estate company) brought in to sell it. He got substantially more than the asking price and the deal closed with the buyer without a problem.

      • 1 month ago
        Anonymous

        >dropping 10%
        >after being 40-50% higher than a normal market value

        4chan knows a lot, but housing and markets are not among those things

        • 1 month ago
          Anonymous

          >Recession hasn't even started
          >10%+ price cuts everywhere
          Yeah it'll be fine.
          Maybe blackrock will risk a bunch of pissed off people with underwater ETFs and 401ks shooting up their offices and they'll snap up real estate at an eye watering loss, like all of the cope posts say.

  21. 1 month ago
    Anonymous

    Just bought a house in a smaller town for 280k. Still had a low-ish pre-mortgage rate locked in so it was basically buy now or hope that prices crash in a reasonable time to make the higher interest worth it. The problem is that smaller towns don't really suffer the surges in real estate for both increases and decreases in prices like the cities do. I expect prices in areas similar to mine to drop a bit in price but nothing crazy. I need a house, I can't do the degenerate apartment cuck life anymore.

    • 1 month ago
      Anonymous

      >280k
      Southern Alberta?

      • 1 month ago
        Anonymous

        Alberta but not the south

        • 1 month ago
          Anonymous

          That's good land, they filmed Unforgiven out there.

  22. 1 month ago
    Anonymous

    Hey. Copesisters. Is this bad?
    >‘This recession will be the most severe yet’: Peter Schiff called the 2008 financial crash and now says the next downturn will be even worse.
    Who's this Peter Schiff chud?

    • 1 month ago
      Anonymous

      Dumb screenshot didn't post.

      • 1 month ago
        Anonymous

        >experts

  23. 1 month ago
    Anonymous

    >An estimated 25% of home listings cut their asking prices
    >This cardboard box in a 95% black neighborhood is for sale right now for the low, low price of $500 000, down from $510 000!

  24. 1 month ago
    Anonymous

    I know a guy who just bought an apartment and worse yet, his interest rate is variable

  25. 1 month ago
    Anonymous

    OP is a gay.
    Only stupids bought houses during the last 2 years.
    I bought my house in 2011 for $240k less than the stupid dude I bought it from paid in 2008.
    It's now worth 3 times what I paid for it.
    Only stupids buy at high points in the cycle, and everything is a cycle, stupids.

  26. 1 month ago
    Anonymous

    Bought my house in nice Italian NY neighborhood at a steal for 560,000$ when it was estimated around 630,000$. It's now sitting at 780,000$. Worse case scenario I break even.

  27. 1 month ago
    Anonymous

    just wait till July 13 when the inflation report for June comes out. stock market will crash a good 5-10 % again.

  28. 1 month ago
    Anonymous

    I bought 60k below asking during this "frenzy" in an area that will be a popular tourist destination in 5-10 years. Already have equity built up and a stupid load interest rate thanks to my VA loan.

    • 1 month ago
      Anonymous

      you will still lose. 3d printed concrete homes will be the norm in 10 years and your shitty frame house will lose at least 50% its value or destroyed in the coming civil war..

      • 1 month ago
        Anonymous

        >civil war
        It's a 40-acre estate with a working sustainable farm. If the country gets worse then I don't sell and I live off my land while the city fags starve.

        >Concrete homes will be the norm
        Probably. Fortunately, my property has a huge section of bay frontage and is perfect for a yuppie from Manhatten to swoop in and make a summer home.

        Either way I feel like I'll be fine.

        • 1 month ago
          Anonymous

          you will get raided in the a civil war on a farm. good luck.

          • 1 month ago
            Anonymous

            That's what guns are for silly.

            • 1 month ago
              Anonymous

              You can't be on the defense from multiple fronts forever. Farms don't fare well, too much ground to protect. Take either the Marauder or Community Settlement pill.

              • 1 month ago
                Anonymous

                >south african farm murders
                Definitely hard when it's one family vs 40 morons armed with guns and machetes.

              • 1 month ago
                Anonymous

                I have enough weapons and ammo to take over and protect a small village, the only problem is I don't have enough people I trust to arm with. During Civil unrest gangs and armed communities survive.

  29. 1 month ago
    Anonymous

    What's the problem? I've been told BlackRock and other corporations have been buying up homes, they're the only ones who will lose money.

  30. 1 month ago
    Anonymous

    Wake me up when the price of a decent single detached house in a metropolitan city is only 300k.

    • 1 month ago
      Anonymous

      >Canada
      You may be an outlier.

      https://i.imgur.com/HDclET3.jpg

      >experts

      >experts
      So things will be okay?
      Thank God. I was getting worried about all this GDP contraction.

    • 1 month ago
      Anonymous

      Lol quit dreaming leaf. You will leave in buttfuck nowhere and pay over 800k and you will like it

  31. 1 month ago
    Anonymous

    another once-a-life crisis :/
    kinda weird that they decided to start it right after the pandemic during a fucking war going on but at least the economy will clean itself of all that printed monopoly money

  32. 1 month ago
    Anonymous

    Can any Underwatersisters help me understand this graph? It's good right?

  33. 1 month ago
    Anonymous
  34. 1 month ago
    Anonymous

    Something tells me that the town won't reassess @ the lower value...

  35. 1 month ago
    Anonymous

    They legitimately aren't prepared for it. No one is. Many Americans are in denial about what is coming. Mass unemployment is going to cause everything to crash.

    Just be prepared to buy the dip if you have a secure job because many Americans will be going for bread lines.

    • 1 month ago
      Anonymous

      This guy gets it.
      Tech was driving the dow and s&p500 for all of recorded history. And now we have a looming chip shortage. On top of mooning commodities and high interest rates to unfuck inflation.
      2008 will look tame by comparison.

    • 1 month ago
      Anonymous

      >He doesn't know Biden is just going to freeze foreclosures nationwide like they did with evictions in 2020

      • 1 month ago
        Anonymous

        Then the homeless population will outnumber vacant dwellings.
        They'd pair it with an eviction moratorium as well.
        The funny thing is, while your tenants aren't paying, you still owe on your mortgage and taxes. And the tenant still owes on the missed rent.
        I guess everyone could just declare bankruptcy and everyone loses everything though.
        It's a pretty dumb idea, so maybe it'll happen.

      • 1 month ago
        Anonymous

        Foreclosure freeze will fuck the garden gnomes, so not going to happen.

  36. 1 month ago
    Anonymous

    >their homes
    Whose homes?

  37. 1 month ago
    Anonymous

    Wasn't blackrock buying everything to rent it out?

    • 1 month ago
      Anonymous

      Blackrock was buying everything because real estate was doubling the gains compared to other sectors

      • 1 month ago
        Anonymous

        So they aren't holding on to the houses? They are actually selling?

        • 1 month ago
          Anonymous

          Investors are still buying & will hold at least a year to avoid capital gains tax. Getting it rented and showing income potential is also a way for them to increase their sales price or borrow more money to buy more homes.
          Wallstreet apparently doesn't have a huge percentage yet but, with mortgage rates going up, the investor class is going to be the ones doing a lot of the bidding.

        • 1 month ago
          Anonymous

          >So they aren't holding on to the houses? They are actually selling?
          Haha they better be or I'm non ironically shooting up their office.
          They're investment managers, not property managers. I didn't give them 300k so they could hold onto section 8 property.

      • 1 month ago
        Anonymous

        ~6% higher returns in 2021 than tech. It was fucking impressive.
        40% returns in real estate vs. 34% in tech. Normally it's around 4% return in real estate.
        Now tech is down 20% and we're still waiting to see what real estate prices in at.

        • 1 month ago
          Anonymous

          See, that's why I have no respect for RE investments, losers want to disrupt society to make 40%
          Pathetic

          https://i.imgur.com/reoiy1Z.png

          Good. No respect for residential real estate investments.
          Resorts are fine.

        • 1 month ago
          Anonymous

          Clarification. Returns in tech are -20% in 2022

  38. 1 month ago
    Anonymous

    >goyim rush to buy houses at record low interest rates where the only direction left is up
    >no no it will be negative even though that has never happened in our history just trust me they will go even more insane
    >interest rates snap back up on goyim with the pretext of inflation
    >asking prices are arrogant and stay for a few months, then stop shedding as people cannot even levermax themselves with 5% downpayments at those prices
    >housing slowly then quickly collapses as a niche product in a market of singles

    • 1 month ago
      Anonymous

      Can we have a translation into English?

  39. 1 month ago
    Anonymous

    Just got a house that would have been $450k easy last year for $360k. While it could certainly go lower (and I predict it will), there are already deals out there. In the meantime, I got a discount on my dream house.

    • 1 month ago
      Anonymous

      >But muh interest rate!
      These simpletons have no concept of you not dying in that house or that interest rates will eventually go down (after enough people die).

      • 1 month ago
        Anonymous

        bloomberg has the most outrageous WEF inspired headlines. They are all in with depopulating the west and ushering in CCP domination.

      • 1 month ago
        Anonymous

        >after enough people die
        They’ll just import morons and give them free housing on our dime, in fact they’re already doing this.

  40. 1 month ago
    Anonymous

    >market is "crashing" from 100% over 2 years to 90% over 2 years
    Wake me up when we hit 2016 levels

  41. 1 month ago
    Anonymous

    Aren't we already in a recession? I know garden gnomes keep trying to redefine terms but we fit the classical definition of recession

    • 1 month ago
      Anonymous

      lol no a stock market crash and inflation. unemployment is still at 3% needs to go to at least 10%

  42. 1 month ago
    Anonymous

    Your housing apocalypse will be nothing compared to the one in Australia and New Zealand, the most overpriced residential real-estate on the planet.

    • 1 month ago
      Anonymous

      How the fuck did that happen?

      You have space ad nauseam,
      and your buildings are made of beer cans,
      Koala droppings and Sri Lankan sheet iron.

      That can't be expensive.

      • 1 month ago
        Anonymous

        I mean, at least we invited the better half of Africa,
        it is forbidden to build a house almost everywhere in Germany,
        and our Romanian craftsmen get taxed at 85% to
        build some greenwashing BS out of foil, fail and foam.

      • 1 month ago
        Anonymous

        The “space” we have is mostly desert and the only inhabitable areas are on a 50km coastal strip where there’s enough rain to make it habitable and on the east coast there’s a mountain range which constrains any expansion of suburban areas, which is one of the reasons why house prices are so expensive.

        • 1 month ago
          Anonymous

          Oh. And solar-powered underground Bunkers
          are out of fashion on your island, I guess?

  43. 1 month ago
    Anonymous

    >be me
    >CA fag
    >Bay Area fag
    >live in ghetto bc cheap
    >sometime around 2015 the apartment next to me gets bought out
    >went from black landlord that lived there to random white guy that shows up every few months
    >even spotted him taking a "new units I bought in up and coming area" photo
    >tried to get the blacks that live in the apartment to stop hanging out outside kek
    >renovated building and some white techie gentrifiers moved in
    >ffw today, techie gentrifiers left and apartment is all black tenants again
    >mostly young ones this time so lots of drama
    >has had about two crazy dopefieds that yell things from windows
    >many repairs because others in the neighborhood get annoyed with them
    You KNOW he's seething. A lot of the renovated buildings in this neighborhood have for sale signs now. To think the even the silicon valley menace couldn't gentrify this shithole is hilarious

    • 1 month ago
      Anonymous
  44. 1 month ago
    Anonymous

    A wonderful system that works. In my country, if you can't pay the mortgage, the banks keep the house. You with the mortgage that you have to continue paying and in 10 years the banks will sell the house when the market has recovered. In the United States, the market adjusts and prices fall until they become irresistible.

  45. 1 month ago
    Anonymous

    I can’t wait for it to all collapse. I saw a house pop up on Zillow two weeks ago. Nice looking, lots of personality, not ugly, and in a good area (read: no morons, Hispanics, or other browns). Sold for 160k in 2018 and is now listed in 2022 for 320k. I saw they cut the price by $7k, so roughly 2%. Hope they’re ready to cut more lmao. Fucking scumbags. There is a soulless vinyl village McMansion subdivision that my house backs up to, houses in the 500k+ range in 2016 when it was being built. It wasn’t fully completed until 2020. Anyways, I saw a house in there that cycled through 3 owners in roughly 2 years. Built in mid 2019 for $600k then sold in summer 2020 for 850k, sold again in summer 2021 for $1,2M, then sold (I think this is the last time it’ll get sold because the buyers are bag holders now lmao) for $1,5M this past spring before the rate hikes. $600k to $1,5M in 2,5 years or so. There’s going to be a lot of people underwater on their mortgages who will be forced to sell at huge losses. Their loss is my gain :*~~*~~)

  46. 1 month ago
    Anonymous

    Not a crash, just a correction it will be back to these levels in a few years at most.

    • 1 month ago
      Anonymous

      >Not a crash, just a correction it will be back to these levels in a few years at most.
      Hahahahaha
      I honestly understand why they want to depopulate the NPCs. You people are ridiculous.

  47. 1 month ago
    Anonymous

    UK will always find a way to keep prices going up. Heard about 50 year mortgages that you kids can finish for you.

  48. 1 month ago
    Anonymous

    The problem is that there is an absolute fuck-ton of millennials who have been living the apartment life longer than they wanted to and are waiting to jump as soon as it falls at all. I think we're going to see a decent drop but I don't see it collapsing.

  49. 1 month ago
    Anonymous

    standing by with cash to console them

    • 1 month ago
      Anonymous

      >standing by with cash
      I would just say be ready sooner than later. Much of the current situation is already priced in. The bounce off the bottom could happen extremely fast after this correction.

  50. 1 month ago
    Anonymous

    hopefully speculators get fucked the hardest.

  51. 1 month ago
    Anonymous

    >house prices appreciate 200% in 5 years
    >"drastic price decrease of up to 30% plagues housing market!!!"
    Damn, y'all are fucking retarded.

  52. 1 month ago
    Anonymous

    i’m building a tiny home on 20 acres regardless of what the housing market does.

    At least I’ll get the land for cheap if the crash hurries.

    • 1 month ago
      Anonymous

      This is honestly what I would be looking to do if I was younger.

  53. 1 month ago
    Anonymous

    Hasn’t started yet, still flipping homes I fixed up for a premium. Low inventory on the market means I keep on winning.

    • 1 month ago
      Anonymous

      Where are you finding new inventory?
      Even the Good Ole Boys are getting their asses handed to them by the Chinks on foreclosure bidding.

      • 1 month ago
        Anonymous

        Connections who I give kickbacks to for referrals on severely distressed homes. I’ll buy shit that was half burned down in a fire, my contractor partner can rebuild anything. The more fucked up the home, the more interested I am in buying it SO LONG AS it’s in a white community. I don’t do cityfag moron property work.

  54. 1 month ago
    Anonymous

    I bought a 70 year old house 9 years ago and my summer project is re-siding it by myself. Something the zoomers on this board could NEVER comprehend

    • 1 month ago
      Anonymous

      I just replaced my sprinkler system today, valves and all that. I’m probably ten times handier than you, I don’t flaunt it which makes me think you’re some boomer

  55. 1 month ago
    Anonymous

    redfin.com/news/housing-market-update-price-drops-hit-new-record/

    why are you fags in denial about price drops?

  56. 1 month ago
    Anonymous

    Please housing market collapse the fuck already. Those are fucking rookie numbers, YOU NEED TO BUMP THOSE NUMBERS UP! I want to see 50% value drop!

  57. 1 month ago
    Anonymous

    strategic default

  58. 1 month ago
    Anonymous

    >tfw bought before the price explosion and prob don't have to worry about insolvency
    Feels good.

  59. 1 month ago
    Anonymous

    Nonsense. The borders are wide open. The Third World will keep prices inflated and you will buy morons houses with your tax dollars.

  60. 1 month ago
    Anonymous

    I've paid off 1/5th of my mortgage (125k to 100k) this year so far
    Interest is down to like 200 bucks a month and then it's straight principal

    I believe congratulations are in order bros, soon there will be no loan

    • 1 month ago
      Anonymous

      Good for you anon. This is exactly what I did. Feels good to write that last check.

    • 1 month ago
      Anonymous

      Congrats Anon but, having some cash to put into the market is a good idea when it's down. You don't have to put your whole wad in at once to hedge against that.
      It's more likely to earn you a better return than paying off a 3% mortgage.
      Time in the market beats timing the market so even a little money in now is better than a bunch of money in later.
      Keep hustling... you're doing good.

  61. 1 month ago
    Anonymous

    I stopped trying to explain this to normies, about 3 months ago. What's the point? I just make the usual small-talk about home ownership and say "congrats". If you can afford to blow your cash, without any kind of research, I guess you're doing OK.

  62. 1 month ago
    Anonymous

    bubble popping for mutt boys lmao

    • 1 month ago
      Anonymous

      You laugh but our cardboard houses are so powerful that they can destroy the economies of places no one here can find on a map.

    • 1 month ago
      Anonymous

      >implying it won't affect euromutts
      I love how much you moronmutts keep forgetting that you are tied to us

      • 1 month ago
        Anonymous

        >implying it won't affect euromutts
        >I love how much you moronmutts keep forgetting that you are tied to us
        When we get the toots, they get the explosive shids.

        • 1 month ago
          Anonymous

          Can't wait for the EU to collapse due to them being forced to rise interest rates.

  63. 1 month ago
    Anonymous

    Assets cannot be liquidated at a inflation premium rate quickly*

  64. 1 month ago
    Anonymous

    everyone who bought at the top will get a bailout no exceptions

  65. 1 month ago
    Anonymous

    A bit bummed I didn't wait longer. But happier that I know my brothers can afford their own homes.

  66. 1 month ago
    Anonymous

    With live births going down 10-20% during Q1 2022, or 9 months after the worldwide climate change & all the heart attacks happening these past months - I am sure housing demand is going to come down. + Housing is held by boomers and old people that are going to die

  67. 1 month ago
    Anonymous

    Hey garden gnome bros how can I profit

  68. 1 month ago
    Sophistry

    Wishful thinking.
    Shit is about to explode as people will try and park their money anywhere that it is not burned away.
    This is just a lame trick (and there will be a LOT more) at trying to get people to sell at cheap prices. Whales and deep corporate pockets are involved here.
    The ones who don't buy real soon will miss hte boat. The ones that sell will never get back onboard again.
    Hang on to what you have and acquire what you think you can.
    Home prices are getting ready to sky-rocket. Sorry to all the burdened student loan holders; you're going to have a hard time getting loans in the upcoming inflated economy for a house. You're a high risk now.

  69. 1 month ago
    Anonymous

    It'll just be a correction back to normal pre-pandemic prices, then continue going back up as we'll undoubtedly continue raising the U.S. debt ceiling and printing more money to avoid a default. Meanwhile anyone with a fixed interest rate mortgage is just having their debt slowly wiped out due to inflation.

    Even if we hit a several year recession and prices manage to steadily fall despite Fed printing money, just fucking hold and enjoy your lower property taxes. If you have to move for work, just rent the place out. Then scoop up another shitbox for cheapies, refinance when rates come back down. gg ez.

  70. 1 month ago
    Anonymous

    Buy the rumor, sell the news

  71. 1 month ago
    Anonymous

    >"dog-legging bullet"
    >"mission accomplished"
    >"too big to fail"
    >"safe and effective"
    >"normal conditions"

    • 1 month ago
      Anonymous

      seems you've got the years swapped, but otherwise the charts appear similar.
      85% retracement incoming?

  72. 1 month ago
    Anonymous

    Yup last of their steps
    Remember anons the values of things is decided by society, for as much as they would like to control those values they do not and never have. All they can do is try to convince you your wrong and they are right

  73. 1 month ago
    Anonymous

    >how will people cope with their property taxes going down and house prices going down before they go up
    That's like saying how will traders cope with a market dip. Fucking zoomer gay.

  74. 1 month ago
    Anonymous

    >normal
    just how $5 gas is
    >normal

  75. 1 month ago
    Anonymous

    25% is probably just going back to the level of 2021

  76. 1 month ago
    Anonymous

    Theres nothing left to buy. All the houses the market desired have been purchased

  77. 1 month ago
    Anonymous

    god damn it, just about to put my condo up for sale. more because i hate living there than to turn an insane profit

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