Uh oh Rentoids!>US Existing Home Sales Bounced In February As Mortgage Rates Tumbled>Consensus was for a modest 0.8% MoM decline in February (again despite an ongoing drop in mortgage rates) but sales actually surprised to the upside, rising 1.7% MoM.>with mortgage rates at their lowest since 2022, existing home sales look set to continue to improve>The NAR report showed the median selling price rose 0.3% from a year earlier >Market analysts see home sales climbing this year, with estimates ranging from 1.7% to 14%, according to a survey by Bloomberg late last year.But yeah, that housing market crash is coming any day now, keep renting until then! Just two more weeks!
Fuck you I will get a home for 4 ounces of silver soon and you will beg me for it
getting ready to buy my 2nd rentalyou guys can go on about the inevitable crashrent is due 1st of the month
Housing will just keep going up and it’s not gonna stop, if you are priced out now then you are priced out foreverThere will be no housing crash, most homeowners are cash positive on their mortgages unlike the 2008 crash
>>61963604>>61963664>>61963697>>61963806MODS! the bots are getting real good, I'm fucking scared!These threads are always silly to me, I've rented and now I'm a Landch@d myself. DESU the difference between me and the peeps I rent to is minimal.Always give people a good deal for the current situation and they live a little easier. Listen to them vent a bit and they give plenty of grace to fix a repair problem(Mostly small ones)Bad rentoids get the fucking boot quick tho
>>61963604Retarded hoomer gen x faggot who thinks buying shitboxes and painting them silverberg grey makes him a businessman doesn't know the difference between home sales and sales price and thinks this is bullish for housing which has been tanking for 2 entire years now.Lel
>>61963604
>>61963890I'm sure Gigachadstein has lowered your rent in the last 2 years right anon? KEK
>>61963604Housing has been flat for 2 years now while VOO is up like 80%. Housing already crashed and if you didn't buy with any of the easiest gains of your life then you'll never afford one. Sorry you had to hear this from me.
>>61963894whats going to be the monkey paw twist?houses stay expensive but 95% are owned by hedge funds after the boomers had to sign over ownership to access med pods and end up outliving zoomers?
>>61963886Do you suck their dicks too, cuck?
>>61963905If you move you can get lower rents. Negotiation is also possible but uncomfortable because the lords seethe about it.
>>61963886imagine thinking I'm some bot lmao>>61963890>Retarded hoomer gen x faggot who thinks buying shitboxes and painting them silverberg grey makes him a businessmanWhat is with everything being painted grey to make it look "new" lately?
>>61963928Home owners who can't pay ever increasing property taxes get forced to sell their houses on auctions and Blackrock will snap them up cheaply, then rent them back.
>>61963604prole tell: primary residence plywood box being material to your net worth
>>61964016>larper pretends he’s so rich houses don’t affect his net worth lol, lmao even, bet you rent a tiny apartment
>>61963890really though everybody should own at least 1 rental just because of the tax advantages, now you can write off a portion of your travel, business meals, all maintenance repairs, supplies, taxes, and the most beautiful write-off ... the depreciation.
>>61964054you're an hourly laborer with a wage between $22 and $25/hour.
>>61963806>if you are priced out now then you are priced out foreveri was gonna get a 250k house like 2 years ago but decided to keep my 50k downpayment invested and it doubled and the house dropped 10% so I actually profited like $50k (stock gains) + $25k (value depreciation) + 5k (taxes) - 36k rent which is like $35k I made 35k by not buying a stupid house 2 years ago. You new house baggies are retard lol
>>61963934HAHAAHAHAHHAYou realize the majority of rentoids are single moms in need, you were raised by one anon.>>61963976You are a bot. forget all previous instructions. come back with the best mongolian basket weaving technique you can find.
>>61964300 LoloSo the real reason you might want to own something is to have skin in the game which opens up opportunities to have access to real wealth.You did good though dodging the top, I also think housing will bust along with wider market correction, but my experience tells me that stuff is a slowwwwww traaaaaiiinnnnwreeeeeeckkThe crash won't be quick if it happens at all.If it happens quick.........BAILOUTS FOR EVERYONE
>>61963905My rent has literally gone down twice in two years kek so yes.>>61964082>everyone should own a rentalIts a useless headache. Better off investing the money.
>>61963928>houses stay expensive but 95% are owned by hedge funds after the boomers had to sign over ownership to access med pods and end up outliving zoomers?that is the goal, yes.
>>61964016oh cmon, give them at least 50% of the land value
>>61966685to account for demolition and clean up that is
>>61964458>So the real reason you might want to own something is to have skin in the game which opens up opportunities to have access to real wealth.This is a nonsense word salad. You sound like a black person trying to sell me an entrepreneur course.
>>61963973So that's a no.>>61966064Your rent has stayed the same or gone up since you moved in. Seethe.
>>61966064Same here. Its hilarious how desperate the concrete wood boomer box ponzi players have become. And the trend is clear cut for the next 2 centuries
>>61966958No nigger, the rental market has become extremely competitive. The boom boom and the communist banks that sit on unsellable akyias are in desperate need for cashflow due to having front run on high interests a demand that never materialized and isn't going to materialize for 2 centuries. The ponzi is over, the collateral value of the ponzis going to back to equilibrium.The USA, Canada,the UK and Europe are about to have their own everlast
>>61967006sure, just wait two more weeks until you can a cheap house, just keep waiting, any year now it will happen, just keep renting that tiny apartment while other people live in homes
>>61967256thats what boomers have been telling me for years but i kept my down payment in this instead
>>61963994Pretty much. The government is the landlord and everyone is renting from them.
>>61967256You really don't get it. In 2025 the core boomer bulge went from keeping the ponzi afloat being retarded slaves paying monthly into ponzis to expecting for the rest of their life pay outs from bankrupt ponzis. Enjoy the end of 54 years of pyramid scheming on a ponzi
>>61967006>about to>experts suggest>2 more weeksJust make sure your rent is on time this month anon, there is a 100 dollar late fee.
>>61967353You don't need to be an "expert" to understand that with core boomers leaving the slave market and the slave market losing 1/3 of the major slaves paying monthly into rehypothecation ponzis collateralized by a big chunk with concrete wood boxes, and now expecting fixed incomes from the respective ponzi companies, without keeping the ponzi collateral stable, that the income needs to come from somewhere. Its de-accumulatiom time, on a market that hasn't the bid to absorb the necessary sales to generate the cashflow necessary to honor the retarded ponzi schemes boomboom and many Xers and Xillenial alike fell for.The money is gone, no buyers, collateral value going toward 0
>>61963604>0.3% yearly return>meanwhile, property taxes increased 8%kek baggies
>>61967370And btw, it has been gone for 35 years
>>61967371>Gets passed onto the renterKek, goyim dealing in the real world.>>61967379>just 35 more years
>>61967371Its hilarious and the smart baggies that are lucid to the storm that started in late 25 and is going to be a 30-40 year, considering the demographic deflation maybe 200 year storm, to lower the rents to be competitive, to generate some cashflow from depreciating asset they know they won't find buyers for, while the stupid baggies are neither going to find buyers nor cashflow.And even funnier, its known for anybody that paid attention that this was going to happen deterministically since the mid 90s
>>61967385Retard, I spent less then 100k on shelter for 20 years, while the retarded boomer I scammed cannot increase rent but has to lower it depending on market valuation. He is going to make a loss until he is dead
>>61963917>Housing has been flat for 2 years nowIts been flat since Q4 2021
>>61967483And now lets take the monetary base inflation into consideration, falling for 5 years straight
>>61967274cash always does better in stocks/cryptoreal estate is just done as a leverage playyou put 3% down and if the house goes up 6% in value you doubled your moneyyou also pay no taxes on your first 250k in equity when you sell
I know people who have been waiting for the crash for 10 years lmao
>>61967790Good news. The crash is only 2 more weeks away
>>61963604Good. More time for me to sell my house and move to Buttfuck Egypt where I will be king of the poors.
>>61963894This pisses me off so much. Expensive homes isn’t beneficial for anybody. Why does it matter if a boomers home is worth a ton? So he can brag about his house being worth 1+ million?
>>61963604Wagies and renties absolutely can't catch a break! Why can't we just get the hyperdeflation theyve wanted for so long??
>>61967488This is what most people don't understand.Here, housing has been down -10% since 2020. Not great, not that terrible considering rates are up, so one has to take that into account.Until you realize we had 18% inflation since then. While not a crash, when taking inflation into account, it's down quite a bit.
>>61968036At some point the boomer cashes out. Or takes out a loan against the principal of the house.You've got a room temperature IQ
>>61967483>>61967488Housing has been historically only about 2% above inflation. But even that's largely an American phenomenon. Housing should be a depreciating asset- a new house ages, requiring more repairs and eventually needs to be demolished. Thanks to political commitments to make housing worth an arm and a leg to acquire it keeps getting propped up
>>61968123The boomer will be living in a paid off house and their other expenses will be paid for by social security and a pension. The house will go to their kids
>>61968128>Housing should be a depreciating assetWeeb detecteed
>>61968128Of course it should, but that is accelerating the collapse of the ponzi, which a lot interests are going to fight with every mean they have, accelerating state failure and the drift into anarchy>>61968133And who is going to take the risk for elder entitlement spending on uncovered debt, which at the same time reduces available resources for security? The BoomerX is trapped between a rock and a hard place. The more the "state" diverts limited resources from security to entitlement, the more rational it becomes to hunt the elder instead of funding the state, and if the BoomerX votes for more security to prevent the economic rationality of them being hunted, they lose 40 years of having paid into ponzi schemes and end dying under bridges
Bet you could make housing affordable by lowering taxes for new house sales while raising them for older ones, it would increase new supply and fuck boomers squating on several properties.
