a literal crackhouse costs a quarter of a mill now
>>62684692Never, if you don't own property already, aren't set to inherit any in the next couple years and aren't in a position to buy in the next 2 years it's game over for you. You will own nothing and be happy
I know what I got
Knshaped economy, all desirable assets are being bought by the rich who have more money than everOn top of that the government is printing more money than ever before, it’s not gonna crash except maybe in a few local areasFor example, my nice house on a lake appreciated 30% this year and I keep getting cash offers from rich boomerd
Yeah pal, and I can't get a pack of butts for less than ten bucks because the government decided to tax my only remaining reason to get out of bed in the morning! Ten whole dollars! I remember when you could walk into a corner store with a crumpled five-dollar bill, get a pack of non-filters, a cup of pitch-black sludge coffee, and still have enough change left over to tip the guy at the counter for taking five years off your life.Now? You gotta take out a second mortgage just to get a lungful of sweet, sweet carbon monoxide. They put picture warnings on the box now, too. Oh no, look at the damaged lung! Hey, genius, I’m not buying them for the vitamins. I know they’re gonna kill me, that’s the whole point! Give me the tar, take my ten bucks, and leave me to die in peace!
>>62684692The land is worth 200k the problem is demolishing that sithole will cost 100k and now you have to build
>>62684692Imagine the hell I am in. I make 50% per year on the stock market. As a result, it is completely illogical for me to make large purchases like buying a home.
>>62684708it's not. this is comparable in size and listed nearby. You are paying extra for the shack and all of the crackheads inside of it ready to shank you as soon as you get the keys
>>62684700>I keep getting cash offers from rich boomersthis is how i know you are full of shit. a boomer wouldnt buy lol
>>62684692idk the second floor looks nice. just live there.
>>62684695i will lay low during the social security, federal insolvency and food shortage riots, and pick up some houses on the cheap after american population has been culled.
>>62684692the cracks are beginning to show. home demand is at multi-decade lows. home supply is at the highest its ever been. long dated treasuries just blew out the previous high so mortgage rates are over 7%. retarded boomers and flippers will sit on market for multiple quarters and then attempt to lower their prices but it'll be too late. the cascade of lower real estate prices will begin and itll be a slow painful grind until boomers finally die off.
>>62684805you're delusional, prices are still way over what they were before covid, all you're seeing is the pullback from insane homeowner euphoria back to something approaching reality. supply is constrained and will remain so indefinitely. houses burn down but they don't get built. there's no way out of this problem that isn't supply-side, because that's just how markets work.
It will never crash. The government will do everything in its power to prevent that from happening, even if it comes at the cost of literally everything else. Too many boomers have their retirement locked up in their home equity.
>>62684814its afraid
>>62684819it crashed beforeit will again
>>62684825no one wants a crash more than me but i seriously doubt it. especially with cheetoh retard in office.
>>62684825Yeah if you mean 2008 then yes it crashed when the entire world plunged into great depression 2.0 but you shouldn't be excited for great depression 3.0. What happened in 2008? A bunch of people sold their homes for pennies and the only ones who could afford to buy anything were the rich, which directly led to our current situation. The average joe was not buying firesale houses in 2008 because he was laid off and had no money.
>>62684832i was working during 2008, granted i was in retail but i definitely was not sitting on my ass.i remember working this with one guy, who full disclosure, was Jewish. i remember him signing mortgage papers and i asked him what he was doing and he told me he was buying a house. literal smart guy. now his house is all paid off and i still rent. if the market crashes i will suck dicks, take loans and do whatever it takes to get a house at the bottom. i will fucking choke a boomer with my bare hands if i have to.
>>62684814mid-wit uninformed take. large builders are ALWAYS building new supply. the number of houses for sale is at all time high, where is the supply constrain?>all you're seeing is the pullbackthanks for confirming what i said originally. every extended down trend or crash begins with the pullback from highs, retard.
>>62684841explain why housing prices remain elevated despite all this new inventory hitting the market? protip; there isn't any, it's being bought up and rented out.
>>62684840If you can get in at the bottom you'll be laughing until you die. Unfortunately the reality of depressions is that most people cant afford food let alone a house. The fact your example involves a jew is no accident.
>>62684852my jewish coworker was the smart one, i should have followed his example and taken loans back when money was free.
>>62684854Jews get 0% interest loan from fellow jews. If you are American, then he literally own you and your labor.
>>62684866this is definitely a lie and you should stop hating jews so much. discrimination like this is illegal.don't bother posting a infographic about the protocols of the elders of zion because no one is reading that shit.
>>62684875>discrimination like this is illegalwellthenokthat settles it
>>62684692When population starts crashing. Soonish in some rural areas, or already crashed, in fact. But not soon in big cities.
>>62684848prices are always last to react to underlying supply-demand dynamics. prices in real estate are notoriously slow to adjust. i suspect you have trouble with reading and comprehension but your screenshot is showing prices of NEW houses, not ALL houses. As you can see in your chart though, prices are making lower lows and lower highs from the 2021 peak.
>>62684875> discrimination like this is illegalAnd? Do you see anyone being sued when women get all of the new jobs? Where is your disparate impact lawsuit? If you don't believe me, pull up the map of New York and see if there is any Flock camera in the Upper West Side of NYC. Regarding another crash. You are not getting it. The demographic of the USA is entirely different from 2008. You don't have an expanding pool of youth to sell to and they are too poor to buy it anyway. If you think the boomers will lower prices, then you should admit yourself to an asylum. They will import foreigners who will buy their houses. There are more than enough Indian and Chinese millionaires happy to take them off their hands.
Agent Orange needs to leave office first.
>>62684886oh good a new house is only $410,000 instead of $450,000, i can totally afford one now.
>>62684919Thats pretty cheap
>>62684920half a million for shelter is not cheap.
>>62684877>Soonish in some rural areas, or already crashed, in fact.where?
>>62684961Bumfucksville, MT
>>62685022Bullshit. Unless your idea of collapse is 1 million down to 500k
>>62684848I think housing prices remain high because most people buy houses based on what mortgage they can afford, not the price of the house. So interest rates have a bigger effect on the market..
