Is it time to buy a house yet?
>>60967461no, the contagion is still spreading. expect low IQ retards to argue otherwise.
>>60967461lmao @ Oakland
>>60967465what contagion? Fed is cutting interest rates, mortgage rates are going down, house prices will go up to compensate. It's literally that simple. But keep waiting for 2009 pt. II electric boogaloo I guess.
>>60968650>mortgage rates are going downyou sure?
>>60968650thats not how it works, Panchothe fed doesnt control mortgage rates
>>>>Oakland
>>60968650mortgage rates went down in 2008 too
>>60967465>>60968664assuming national average home values plummet, now would be the best time to take out a home equity loan?
>>60968702not a fan of taking on stupid amounts of debt
it will never be good until houses cost 5 figures again
>>60968695I'm sure if you look at Oakland suburbs they are all up. Libtards moving to the burbs to get away from the nigs and commies they put into power. A tale as old as time.
>>60967461Those are towns not cities
>>60968827SF is a town?
>Austin -25%Tempting honestly. I've been trying out Las Vegas and it's okay but prices here haven't come down enough. I know I'm a faggot who watches too many streamers but Austin sounds like a cool place to be right now.
>>60968827>austin>denver>jacksonville>san francisco>towns
>>60968827every single one is a large city
>>60968837Austin is quickly approaching value territory. Wait a little longer as the actions against foreigners will shake the market out even more.
>>60967461>all those cities in FloridaWhat's going on in Florida?
>>60968735that's not going to happen because the USD has already plummeted in value. really if you want to measure against inflation you should compare house prices to how many big macs a house costs.
>>60968926it could very well hapen to some extent, with millions of illegals leavingthese people have lived somewhere and leave empty houses behind
>>60968919Insurance companies don’t want to insure an area that has at least one serious hurricane every 2-3 years. So you either go naked with no home insurance or you move.
>>60968919Insurance companies are pulling out because developers built too many houses in flood zones and regulations mean they either have to pull out entirely or they're forced to insure at affordable prices even if it's a guaranteed loss in the next decade. Same reason you can't get fire insurance in California anymore.So people who HAD insurance get their bills jacked up 10x, they can't afford it, and then they sell the house for what they can get and gtfo.
>>60968927maybe in cinncinnati or gary indiana some shitty place like that.
>>60967461When will price decreases come to Canada
>>60968934what has gary indiana to do with fucking illegals? are you retarded``
>>60968895It's tempting but it's farther away from family so I'm hesitant. If I'm going to be farther than a single day's drive, I could consider Maine/NH/VT, Montana/Idaho, CO/WY, or even get a one year lease in Manhattan just for shits and giggles.Like if TX was 95% american it would be a no brainer. As it is though...
>>60968949>Decreases>Canada My brother in Vishnu, we need our own 100k h1b plan first
>>60968919>What's going on in Florida?Tampa, Naples, Sarasota and FT Meyers were hit hard by multiple Hurricanes in a row recently and people are fed up with it or getting screwed on insurance and moving Honestly it might be a good time for a deal if you want to gamble, they might not get anymore hurricanes for a long while again.people should not be expecting another 2009 style housing crash, thing are different this time, almost all mortgage holders have huge amounts of equity in their homes to tap into that will prevent a foreclosure crisis, not to mention a majority of mortgages are still under 4%
>>60969187>they might not get anymore hurricanes for a long while again.Temps are rising. Higher temps means more hurricanes. You really think you know better than the insurance companies and the army of experts they employ?
>>60968895It's only """down""" from the massive covid pump.
In the pnw I’m seeing condos lowering prices over and over again and sitting on the market for 1 month+. A lot of them still have retarded hoa fees though so it’s not worth it. I’m hoping this is just the preview and the same thing begins happening to houses
$500k house during covid years with 3% interest rates would be same mortgage cost as a $350k house with today's 6% interest rate. No one is selling with these rates and no one is dropping housing prices.
>down>still up>oh no the 300k house i bought crashed!11!! in value to 600k instead 800k>>60968654yes, im already bet the farm on it. it might be a year or two still but they will drop. Jpow is gone soon, the next pick will dump rates to 1-2%, might be 2 years but its coming. You can't build your entire economy on near 0 rates and then say no we'll do 5% long term, you get a few years at most. Inflation is going back to 10%.
>>60968933>>60968931So it took people so long to realize that Florida is not a great place to live?
>>60969214Yes they don't know shit, were are exiting la nina(or el Nino i always get them mixedup) which means we have probably 7 years of lower activity
>>60970376Its still the #1 retirement destination and these are old farts who traveled the world
>>60967461All those places are nigger infested hell holes
>>60970460I guess, but for old fart, what does it matter - keel over from natural causes or from a hurricane.
House prices are definitely falling, even here in europoor, from what i can tell its easily 30% from the top, though most higher priced houses dont sell at all so there isn't enough data to tellSeller expectations are still behind, some already discount but most are stubborn, real estate agents are actually the realistic ones while home owner set their price too high
>>60968919Florida is a hellhole with one of the highest housing costs but lowest wages. It used to be low cost low wage which less hell. They told all these chumps it was heaven and they rushed here and exploded the housing cost so it's going back down closer to where it should be. Also things like car and home owners insurance are broken. The insurance companies do not want to cover anyone, they have skyrocketed prices and tell you that you have to spend $50,000 putting new roofs on your house way before it's time or they will drop you
>>60968927>millions of illegals leavingLess than 200k have left during Trump's second term. We probably won't even reach a million by the next election. There's probably 15 million or more illegals here...so current deportation rates aren't going to do shit to house prices
>>60967461I regret not buying the $400k home at a 6.8% rate earlier this summer. I'll probably be looking at $500k homes next year.
>>60968933you can still get fire insurance in california, in fact the state mandated that insurance companies must provide fire coverage in fire-prone areas. the state also provides insurance for areas where no insurance companies offer any type of coverage
bump
kek
>>60968919Immigrants are fleeing the country en-masse ahead of the deportations because they don't want their assets seized by the Fed. Its all states and cities that have large illegal immigrant populations. In Florida, its Cubans and Haitians mostly, along with some trash from Central America - they're going to get zero media exposure and zero help, it'll all focus on the Mexicans and Indian H1Bs.
>>60968650>he doesn’t know
>>60969187It's possible the hurricanes were geoengineered to bring real estate prices down. The last couple had unnatural trajectories.
>>60972874I like your meme so I am replying. The real estate market is regional. If you live in a coastal major-metro (other than Miami), then it is only going to get harder to own a home. Whatever contagion you are implying is a flyover phenomenon..
>>60967461Car repossessions and delinquencies are as bad as 2008. This ride will keep going.
>>60968650>house prices will go upnaw, cant just hold and wait indefinitely when you have things like property tax, insurance, mortgage possibly, depreciation from a standing asset, etc. to considerits not like gold or a stock you can sit on without management and just watch
>>60974387truth, my coworker just got his car repossesed but he is an idiotstill, first time in my life (age 37) i knew of someone personally who had their shit taken back. but then again i dont associate with idiots unless i have to (work)
My intuition says next fall/winter will be the best time to buy. It will be a slow burn with a mini dump but it's no longer 2008, a huge crash won't happen. They'll just drop rates back to 0 and chicken out. Another year of this painful slide and then mortgage rates will get really low and that will be the peak time to sneak in and grab some cheapies.
>>60974404https://www.reuters.com/legal/litigation/auto-dealer-tricolor-files-bankruptcy-moves-liquidate-2025-09-10/That's the "contagion" they are talking about. There's a ton of bad auto loans and also a ton of bad home loans where people overextended themselves and won't be able to make payments on an underwater mortgage. Is it the same as 2008? Of course not. But the same things are happening.
