>mortgage interest rates up>average time on market for a house in my area is 80+ daysHow bad it is going to get? It's difficult to grasp how many people are getting stuck with hige mortgages while their property values plummet. Is this just part of making sure that boomers leave zero inheritance to their children?
>>62013382this also works when you're buying a home. sellers and their realtors hate this one weird trick.>yeah uhhh your floors are ALL fucked up>best i can do is $30k less than what you're asking
>>62013382Hey I used to live right next to there
>>62013405I unironically do this whenever I want to buy a car. Scratch it up when they dont look. Some times it works, some times it doesnt.
>>62013540>NO LOW BALLERS I KNOW W->*screeeeeeeech*
In Canada we've already had our prices mostly bounce off the ceiling and then decline a bit. Biggest dumps are in toronto and vancouver, the whole FN land claim bullshittery adding even more risk.If you are talking about burgerland in particular, you need to be more location specific
yeah man, the housing market is gonna crash any day now, just been hearing this for 4+ years now, just wait two more weeks!
>>62013382>their property values plummethere, i found your mistake bro
>>62013588you might want to update your infographic, lil tranny. mortgage rates are back up.
>>62013382unironically it's not the boomers that will perish, it's the nouveau riche trapped in 4.2 million dollar homes that are now worth 1.5. i'm all here for it, there will be nowhere for them to go and no one willing to buy the home. kek. do nothing, win.
>How bad it is going to get? all the way Bad
>>62013836This. Lot of people in the past 5 years convinced themselves to put upwards of 50 percent of their household income towards a mortgage. The house rich will perish. Smart rentoids that have been investing and saving will win.
>>62013382they're going to have to bail it out this summer to make it go up again. foreclosures are rising too because the grace period ended.
>>62013994>topPlain, dry, tired>middleCracked out, rotting>bottomLush vibrant jungleI'm going long on Detroit
>>62013994It's crazy to me that no one in government foresaw this. That they didn't just say, "Whatever, whoever's in the house right now, you get to stay there." These were such worthless houses that no one did anything with them for years, taking them from the banks who made a poor loan decision and letting the current tenants just stay as long as they didn't burn it down would clearly have been better than what they let actually happen.
>>62013578>Decline a bitCanadas house prices has declined about 29% from their top. The only other decline that was larger, in a similar time period, was 31% in the 80’s.
>>62014014or gen x cancer can just sell for less :)
>>62013382it's a shame none of those millionaires could afford to have a couple boulders placed at the bottom of the cliff to stop the undercutting. literally and figuratively underwater.
>>62013382keep waitingthe crash is cominglowball these boomers
>>62013994You missed the last picture, the one where it turned into wakanda.
>>62013405this is the landlord version of the baja blast scheme
