>People who bought homes during the market frenzy of 2020-2023 are in deep debt and can’t sell their overpriced homes AHAHHAHAAH
>>515131891Why are you laughing? Oh that's right you're a sociopath, nevermind.
>>515131891Seriously, if you were on this board how did you not know everything that was coming. Purchased at 3.6 in late 2018 its now 5.5 and refi during covid at 1.36%. Literal skill issue if you didnt make money then, during Biden, or after Trump has shaken the market 10 times in a row. You even have stock trackers for congress. How is anyone fucking this up.
>>515131891Its just the same situation as the people who did it in 2008 or the people that did it in 1997-1999Its not a long term issue as inflation will correct it over time, always in less than 5 years. Its a problem if you want to sell and move as then you will take a small hit. This is just a normal part of the economic cycle that all generations go through
>>515131891Low IQ FOMO losers who chase inflation deserve everything bad that happens to them.
>mfw all these people acting like they were aristocracy for having a low-end do-nothing tech job and a shitty overpriced house are getting exactly what they deserve
You VILL buy ze house. You VILL help ze boomers downsize for retirement.
>>515131891> Loser who is homeless because he is too stupid to manage finances properlyHahahahahahahahaha
>>5151326392020-22 was like the buildup to 2008 on steroids. Everyone was told that this was the last time to buy a house *ever*. People who would've never been able to afford anything other than a shitty apartment or their mom's house were buying giant McMansions in Texas or Florida and shitting up the entire market beyond all recognition. Kikes tricked stupid beaners and trailer trash into crashing the economy again, it would be funny if it wasn't sad.
>>515131891I have to buy a house soon because the one I'm in is being sold and it's a bitch, everything is double at least even the shitholes that need remodeling. I'm fucked if I can't get a low interest USDA loan, but I do have enough cash for a trailer in Missouri worse case scenario.
>>515131891He better hurry up and sell before the niggers start moving in on his street.
>>515132925>The Jooz
>>515132925>Everyone was told that this was the last time to buy a house *ever*Anyone who believed this is a retard that is too stupid to manage finances properly
>>515131891Who will get those houses if they can't sell or die from exploding vaxx hearts?
>>515132364>Its a problem if you want to sell and move as then you will take a small hitwe're looking at a recessionif you're underwater on your home and also lose your job, you're giga-fuckednone of this happens in a vacuum. even in 2008, the problem was people being $100k in the red and also losing their jobs, meaning if they sold, they'd be upside-down on an asset that doesn't start accumulating equity until you've had it for a decade
>>515132261You make sub-optimal decisions when you don't have money. Economic inequality causes desperation that makes people make mistakes. This is good if you want to profit off of arbitrage but bad for the economy as a whole.>>515132364It's a market distortion that reverberates even if line resumes go up.
>>515131891why did he buy a house if he wasnt going to live in it
>>515132925We were supposed to crash in 2022, Biden backstopped against multiple inciting incidents (stock market slump in September, MMTLP squeeze in December, rail strike in late 2023, bank failures in early 2024, [redacted] in May/June 2024, and multiple government shutdowns aborted at the last minute because whoever was trying it was pulled into a back room and read the riot act).
>>515132925All the information was there but there has been this persistent "line only go up" mentality.
>>515131891We warned you about overbought markets dawg.
PLEASE BUY, I'M SORRY I PROMISE I WON'T DO IT AGAIN, PLEASE JUST HOLD MY BAG
HELP ME
>>515131891Housing bubbles, of which there have been many, tend to take six years peak to trough. Around these parts, the peak was 2022 so 2027 is my target year to buy back in (sold my last house in 2023 and did very well).When the average retard is strutting around saying real estate is the worst investment ever, that's when you buy.Mark my words, young bucks going for their first house.
>>515131891Good. They bought those houses as investment, not as their personal home. well deserved financial hardship.
>>515135954That's what i'm waiting for quite a few houses in my area that were above 400k are dropping rapidly One has already dropped 60K in the last 7 months.
>>515131891good thing you're homeless, you've narrowly dodged that bullet! you coping incel.
>>515132364>Its a problem if you want to sell and move as then you will take a small hit.Kind of not a problem because you take a hit on the sale but the house you buy is also theoretically "depressed" so you get in cheaper too. Trading house for house is a wash.
>>515131891I’m still $80k up in value on the house I bought in 2021 on a 2.9% mortgageGood luck buying anything in the next ten years though
>>515131891It's great I sold my home and built new one. These fuckers way overpaid for my old home LOL.
>>515132210Richfags aren't human, especially the stupid ones.
>>515136616these retards can't think like that. where you see a home they see an investment, kinda like a carloan is an investment instead of a means of transportation
>>515132925I'm looking forward to seeing smug boomers and techbros go broke, I'll be sure to spit on them as they sleep on sidewalks.
>>515131891Houses are currently at a historical low when priced in gold. House prices will be going up even further. Note the actual high price of homes in gold preceding the 2008 crash. That isn't the case this time.https://www.longtermtrends.net/real-estate-gold-ratio/People are still in denial about how poor they are and how far wages have fallen if you account for the currency debasement,House prices aren't high. You just have no money and no income. This will continue to get worse.
>>515137048Houses will be scooped up during this "slowing demand" and then Trump is going to offer 1% loans to everyone. He'll say it's for poor people, veterans, whatever, but almost everyone will qualify. Home prices will double again in less than a year.
>>515137220Do you have a single fact to back that up?
>>515135954I feel like this is good advice for having your pick of houses (location and condition, primarily) rather than looking at it as an investment.
>>515137048The home price index they use is flawed:https://wolfstreet.com/2024/09/02/why-well-replace-the-case-shiller-home-price-index-for-our-series-the-most-splendid-housing-bubbles-in-america/It would be better to find some price/price ratio chart rather than index/price.
>>515137048Boomers will find themselves in guillotines if they push housing much higher than it already is. Either way you're fucked, a crash is far more likely and you'll be eating shit and wondering how it could happen to you.
>>515131891I bought a house in 2021 for $420k, was custom built with high end material on 30 acres in 2008 for $380k, got like a 2.5% interest with VA loan on it. It's already paid off.Worth $700k now, but really I don't think that's sustainable.
>>515131891>buy property with 1% mortage>complainalright
>>51514109360% of the world's stock market is in america. This makes no sense. Every house is worth a lot more than it should.
>>515137048Gold have no cost.Houses have cost.When you buy a house. You buy the house and future cost.A house is cost.Gold is not a cost.
>>515141518Cant live in gold
>>515131891> tries to make money as a useless speculator middle man> gets rektJustice. OP is not a faggot this time.
>>515137048>Houses are currently at a historical low when priced in gold.That's because houses are now made of cardboard.
>>515131891>struggling to sellHave they tried lowering the price?
>>515131891FOMO?more liek HOMO. amirite?
>>515133923What's mmtlp
>>515131891that's not true. i bought during that time frame and my home value has gone up $300k and i'm swimming in equity with a mortgage payment lower than my rent was before.
>>515131891It's not typically easy to sell a house right after you buy it. It looks very suspect to potential buyers
>>515131891LEARN TO JEW!
I got a 1.99% intrest rate. Why would I sell? To love somewhere else and pay tons more in interest?
>>515131891New /jjg/ thread here:Indians are running scams to steal jobs from Americans. This is a four part old school /pol/ campaign to expel them from US jobs. We need your help, and YOU get money from any settlement!>>515134939>>515134939>>515134939
>>515142224OP is a seething blackrock sockpuppetmy mortgage is like 1000 bucks, equity sitting at 300k, principle debt about 100k, I literally have people knocking on my door trying to get me to sell lmao
>>515131891Kek. I bought my second house March 2020 at 3.26% for 160k and its zestimate is 400k. I rent it out on Airbnb and give zero fucks about the value. My mortgage is $1100 a month including tax and insurance for a 2BR/1BA bungalow all because I ponied up $16k as a down payment and my wife did too.
>>515133041Denounce the Talmud.
>went back to school to get better job, succeeded>Worked full time while wife went back to school>Finally ready to buy>Wife still in school during COVID when everything got fucked up>Literally got priced out>Ended up buying $500k house in 2024 because wife didn't finish school until then but thankfully got a job>Either buy now, or move to ghetto>Out mortgage is $3700/moI fucking hate this world so fucking much.
>>515131891Not my problem.
>>515131891This combined with coming revaluation is why people will be buying small starter houses for 20 oz of silver in just a few years.
>>515133041Of courze
>>515131891That sucks, homes in my area sell on averaging 9 days right now and during the 08 crash only lost 2.8% of their value. When I got my house in 2019 I paid 185k and now homes smaller than what I have on the same street are selling for 450k.
>>515131891Hahaha if you have bought a house after covid you are truly a piece of shit.I say this as I am taking a dump in one of 2.5 bathrooms, 3 bed i bought in 2016 and the value has doubled. I even wipe my ass with the most expensive toilet paper I can buy at the store.
>>515131891>buying at the all-time peak
>>515135667CAN'T WAKE UP
>>515136620My friend got that rate and bought a supreme property, he is underwater like the Mariana trench but as long as he can keep renters on the second house on the lot he should be good
>>515132925its true tho, the dollar is going down the drain
>>515131891why laugh?the only 'winner' in this situation is blackrockthem jews will buy up even more housing and rent it back for 2x the market rate>you'll own nothing, and you'll be happy
>>515133041
>>515133352Blackrock will buy them up at 40% discount and then turn around and rent at 2x the national average.
why is this a problem? at the end of the day, you own a house and a place to live?am i just too poor to understand this?
>>515131891Based, now the housing crash is here and all those shitty urban sprawl duplexes will get demolished because no one wants them.>>515133923This, based nooticer but you forgot SVB and how LLMs quickly became the object of hype for Silicon Valley soon after.
>>515131891Houses are not investments. You buy a house that you can reasonably age in, unless you are buying small with a plan to upgrade after the first kid.
>>515135386My city released economic data last monthMedian income is $57kMedian housing selling price is $397K5 months worth of housing inventory and it's only increasingOnly 54% of working age adults are in the job marketThe deflation is going to make post 2008 look like a walk in the park this time around.I hope that Blackrock and their cohorts get a nice ass fucking, as they helped to contribute to this madness.
>>515131891There are a shitload of Boomers in houses they otherwise could t afford. You see them all the time. They live in dilapidated shit piles that haven’t had any upgrades or repairs since Bish was in office but could easily sell for $400k based solely on size and location. These people aren’t wealthy, they just bought their homes when Millennials were in diapers.
>>515148029It’s actually wild to see, there will be 2 boomers living in a 7 bedroom house that is empty, they won’t even go upstairs, they live on the first floor because stairs are too hard for them, and like 4 times a year one of their kids will visit, maybe not even sleep over. These huge houses that should be full of life are just empty and the husband mows the lawn every few weeks. Then they leave it for 6 months to go to Colorado or New England or wherever else they go.
>>515135954My wife wants to buy a house now, but I have been trying to get it through her head that:1) rates are still retarded2) housing prices are still retardedThe bubble is bursting, but it's still too early.I see no reason to jump into the market as it is.
>>515149253Rates and price have inverse relationship. So pick your poison. High rates and cheap houses? Or low rates and expensive houses?
>>515147904>I hope that Blackrock and their cohorts get a nice ass fucking, as they helped to contribute to this madnessI miss being this naïve
>>515148029>>515131891If they wanted to sell, they would. They juat refuse to lower the price.
>>515147384Insurance and taxes skyrocketed and that guy is one jeet away from being replaced at his comfy tech job. He thought he was boomer rich and he's just a thirsty broke nigger.
A housing market collapse would be the best thing that ever happens to this country
Crazy.. you mean that after doubling the supposed value of the house, and increasing rates, there's fewer buyers? This lady was on infowars the other day and she was saying that in some cases the blackrock guys are buying in bulk...For instance, house maybe $500k, but they buy an entire division for $300k ea bulk... Then they use manipulation to get the homes appraised @ 700k, and then the banks get to print 700k. Our whole economy is a house of cards.
>Oh no, I own a beautiful home at interest rates that won't be seen again for 100 years
>>515131891They can't sell because people are waiting for the fed rate cuts. Then there will be a buying frenzy. No one wants to get into some retarded 30-year mortgage where they could have just waited a month and saved tens of thousands of dollars.
>>515131891I bought a house that I love at a pretty decent price and with 1.98% interest.Prices have gone up significantly since then, and I plan to live here for decades.
>>515149976America will burn if housing doesn't crash. Zoomies won't settle into sidewalk camps like millennials and gen x. Boomers cope by claiming young fighting age men are all pussies, little do they know zoomies have rebelled against all the jew brainwashing boomers live by. Boomers will need WW3 and a draft just to keep their necks outside of a noose.
>>515132925Two more weeks
>>515147398>how LLMs quickly became the object of hype for Silicon Valley soon after.I never thought of that; the AI boom being less a function of excitement over AI and more the money markets needing to keep things moving after the startup grift crumpled
>>515131891I'm building a new 1.5 mill house, it'll be paid off in 4-5 years. already have it more than half paid off.a house is an expense, and should be treated as such; but get yourself something nice.t. 32 year old boomer
>>515131891>jealous poors jerk off to imaginary housing price collapse (just two more weeks this time!)
>>515142218People caught on to "them" naked shorting a special security and bought it up, allegedly to the tune of several times the official share count; two days before all short positions had to be closed for reasons, FINRA halted the stock. Before the halt, a handful of people posted evidence of trades at extremely high prices (four and five figure). It was never cancelled, it's still sitting in people's accounts, just stripped of its ticker symbol and marked as a 100% loss. Some people think that what FINRA did was illegal and that those last trading days need to happen.
I'm too lazy to look up a source but I heard the average home owner only stays 7 years in a house...Like maybe don't be a piece of shit? Maybe use your house to live in and grow a family? I was at target the other day and I saw like 20 middle aged men waiting for pokemon cards to be released so they could scalp them. Like lmao how are modern printed pokemon cards gonna be worth anything. Kids don't even know how to play the game. They deserve to get burned being so greedy.
>>515150579ThisI waited three years for it to happen and finally threw up my hands and moved on with lifeI got fucked on rates and on price, but the one good thing about the current market is that i was able to get exactly the kind of house i wanted
>>515147398I mentioned the banks, but yes. LLMs/AI (and, before that, VR/AR/the metaverse/web3) were pushed as a bullish speculative theme in order to prevent panic. As long as there was the hope of growth, no one would look at how bad the fundamentals were and how many signals of a recession were pinging. What better center for that narrative than a technology that represents another industrial revolution? Quantum computing is next if we don't go to war or crash.
>>515141944>nowYour country has only ever built with cardboard
>>515141984Don't even joke about that. The first person to do something that extreme and depraved is getting a visit from the shomrim.
>>515149976Agreed>>515150390Yeah a lot of stuff begins to line up once you realize that SaaS LLMs are Sillicon Valley's last hope at being relevant. >>515150981Almost forgot the brief web3 hype and NFTs.>quantum computingBiotech too, at least that's what Sam Altman is trying to jump ship into.
>>515132261Stop pretending like youre some businessman and not a jeet copypasting
>>515149374I feel like rates trail, though. There's got to be some sort of sweet spot where bottoming-out rates and prices rising from the trough are optimal. A few years out though?
>>515132364This every ten years the USA have a recession or something like that
>>515133472>You make sub-optimal decisions when you don't have money.solid point. underrated.
>>515150784Residential planning practices won't allow it. Replacement costs of infrastructure like roads and utilities bankrupt non-dense communities over time. People shift to communities whose quality of life reflect their income rather than fix up their existing neighborhoods, because that's too expensive.
>>515131891Now would be the perfect time to increase land tax and mandatory insurance.
>>515131891I bought in 2021, I'm still 32% up.
>>515132210why are you such a faggot?
>>515131891>Stuck in houses that they have to pay very little interest to own Oh, nos! Think of the children
>>515131891If you bought a house in 2020 and locked in a 2% interest rate, you're doing better then 99% of /pol/
>>515155723This is correct. I got 3.5% and feel fortunate.
>>515134671>All the information was there but there has been this persistent "line only go up" mentality.Hasn't this been the case in the US forever?
>>515155839Since 1911.
>>515131891My home has doubled in value and my loan is 2%. I'm the one laughing, I promise you.
>>515155924Just for the record, our homes have doubled in price, not in value.
>>515132925>Everyone was told that this was the last time to buy a house *ever*This was true. Several of my friends bought into that narrative and even literally fucking plead with me to do the same. One of my workmates who's very underwater now was pushed into it at the absolute peak by his elderly mother who watches too much TV.
>>515147904Oh they'll be getting plenty of ass fucking, but they'll be doing the fucking
>>515156059I could sell right now for double what I paid. Also the area I'm in is exploding. Property values are rising, not just prices, at least where I'm at in Tennessee
>>515131891>after nearly a year on the market, he hasn’t gotten a single offer on the three-bedroom home he bought for $399,000That's not a bad price> in AtlantaOh dear.
>>515147904If your income is 57k you can afford a 30 year mortgage for 300+ k You are retarded
>>515156248You need to understand what the two words mean. The value of having a home--in the broadest possible sense--has remained the same for hundreds of years. And between 1789 and 1911 in the US, when there was zero aggregate inflation, both price and value of homes remained largely the same. Since 1911, the dollar has become relatively worthless but homes are still much the same. So the price is going up, the value is not.
>>515131891Can we all fucking agree that property, especially family dwellings, should NOT be a speculative market?
where are they
>>515156385Value = what i can get for it on the market
>>515156528That is price. Value is an intangible: what the thing is actually worth to human beings. Everyone values shelter. But its price changes in dollars because Jews.
>>515131891HA! This nigga wants to sell. You should get a house to LIVE in that bitch. It's not a fucking investment asset. It's a money pit you put up with to LIVE nicely. Pulling stunts like moving around every few years is for RENTERS. Not homeowners. He deserves to be stuck. >>515133524I know right? If you treat it as an investment, that makes you a richfag and you deserve whatever shit comes your way for being a cunt flipping houses. Houses are for living in. You get one, settle in, and patch that bitch up as it ages. ONLY legit reason to leave a home is for up-sizing because of kids or retirement.
>>515156652No, the value is what someone is willing to pay for it. The price is what will be charged for it. When there's an auction and a painting sells for $1000, the value of that painting is $1000.
>>515156487Step 1 still lmao.
>>515156783You don't understand what the words mean. If you give me $100 for my large turd, that is the price you paid. Its value is still zero.
>>515150579This if you adjust for inflation the prices are inline with what boomers paid and interest rates even though they where lowers a few years ago are still lower than they have ever been lol
>>515156914Value is determined by the market. You don't get to decide what has value and what doesn't, moron. Baseball cards have no value until there's a market for them. Then they do. If someone is willing to pay for something, it has value. Jesus Christ how do you feed yourself?
>>515157216You are a fucking moron who doesn't understand what words mean. You're like a Jew but I understand that you're just a golem. You pretend to speak English, but you really don't.
>>515157451Aw you mad? Lmao.
That's not funny OP, most people in that situation worked hard and saved and finally got a home to be decimated by scum so they can buy the homes for corps and remove even the middle class from ownership pool.Not funny, it's a threat to North America and Europe. The only way forward is to ban corps from ownership of residential property and creating a gov fund via banks to forgive part of the loans for these overpriced loans to adjust to a new market price which would make a million dollar home cost a hundred thousand. So, everyone is now OK to enter the market, plus, all who own can have their debt readjusted so they don't fail.All can have a home, no more profiting on residential property that than stops reproduction and family startups and destroys the economy aka the People.Any investors should be bought out, fair market price, paired with mortgage forgiveness of the rest owned, only two homes should be permitted to be owned by a person.No more trust and corp ownership, none.If not it will destroy us, fuck foreign fake money, People are rhe ultimate resource and they matter more.Fuck the traitors.
>>515132925Maybe you shouldn’t take advice from real estate agents who’s entire job is to be a parasite and work a non-real job as a middle man
>>515157524Golems are worse than kikes because so many people can't tell them apart.
>>515157588It's all kikes; when you remove them from the equation white men sort things out.
>>515157647Cry harder, faggot.
Bought in 2019, sokd in 2022, bought again in 2023
>>515149253Women want a nest to lay some eggs in. Just ignore her
Bought a house in 2017. Paid 40k under asking. Only problem is I can never move now lol. But that's no issue, I will enjoy my 3Br 2Ba house on 1/3 acre. I genuinely feel bad for people who got jewed hard during the scandemic.
>>515157711Crawl further up the kikes' ass until it feels like home, goy!
>>515156269He probably trying to recoup his loses by jacking up the price and lives in some shitty spic neighborhood
>>515157830Looks like I struck a nerve lmao. Die mad, retard.
>>515132519This desu
>>515156528no retard, the value you get is from the safe place to sleep, keep your stuff and raise your family.
>>515157966Kikes are going to be retired soon. Where will you be without your programming then?
>>515158034That's not the value of the real estate you mongoloid
>>515132519its joyous. i hope they all get stuck in whatever town they ran to and hate it there the rest of their lives.
>>515158034Look at this American parsing the meaning of English words successfully.
>>515158097I don't even know any Jews. We don't really have those in Appalachia.
>>515131891genx and millenials are the dumbest generations in my lifetimeboomer groomers and zoomer doomers are squeezing them out
>>515158148You're the honorary kike there, then. You think just like them.
>>515158187Because I understand markets? K...Enjoy being poor lmao
>>515158187This kike thinks that price = value. The perfect slave.
>>515132519>All those people who bought homes where ever they could because they thought WFH was here to stay are about to get utterly fucked by AI in the coming yearsWhat a timeline.
Kikes and boomers are going to have to switch gears and allow anyone under 50 to make a livable wage if they want people to buy their shit
>>515158325The price I can get for something on the market determines the value. I'm sorry that hurts your nigger brain. Stay jealous that you'll never own a home.
>>515158480My net worth is already higher than yours, precisely because I understand which things have value, regardless of their price.
>>515135667>>515135386>>515134786>>515134671>>515133923>>515133472People will always buy houses if they can. And most people don't look at it as a short term investment or flip. People are tapped out and can't afford mortgage payments on houses at these prices. It's that simple.
>>515158564You own assets? Uh oh. Who's the kike now?
>>515158619I know it's hard to use your brain. Everyone said you'd never need it. And in your case, it's probably better that you stay that way, so that you can come to a bad end.
>>515137048>housing to bitcoin ratio is at thousand year lows!Shut the fuck up retard.
>>515131891>Navarronon-white name so i don't care
>>515158701That's not an answer
>>515141173America is the source of ALL the world's money. All of it. That's why they can tariff everyone and everyone just eats shit."The world economy" is basically a game America created and runs for their own enrichment.
I bought at 6%. I’m just going to aggressively pay down principal with targeted recast payments.
>>515155723My wife and I refinanced to 1.9% in 2020 lol
>>515136817> people buying mortgages> richfagsRetard. The rich pay cash. Only the middle class gets mortgages.
>>515158565The mortgage rates are still lower than they have ever been lmao If anything homeo’s are waiting because tards have expectation the Trump is going to lower rates to -10 lol
>>515137048It doesn’t make any sense to say wages are relatively low but homes are also relatively low.
>>515158844> for their own enrichment. Only for kikes and their golems. It's not real money so eventually it blows up. The dollar will remain the "cleanest dirty shirt in the laundry" for a little while longer, only because kikes have jammed themselves up the asses of every market now operating. But when Israel collapses, Jews are going to have other things on their minds.
>>515158565Do you not remember the deluge of people posting/saying this is your last chance to buy a house? Hell, I bet a solid 10% of this thread is people posting about their loan interest rate. The problem is people see that kind if discourse and convince themselves into get involved in an overheated market, which causes a positive feedback loop. Just like all positive feedback loops, they end when the stimulus which starts them is removed, which is the mathematics of the house's carrying cost like you describe. tldr too many retards got convinced a hot market would always stay hot and now they're fucked with life changing financial calamity.
>>515158961“Richfag” is a relative term since the anon you replied to is a jobless neet with no assets. Middle class is unfathomable wealth to such a creature.
>>515150621It IS illegal. But if you’ve noticed they pull this shit all the time with exactly NO repercussions.>shot Trump stocks days before assassination attempt>it fails>all trades canceled as a mistake>short GameStop 200%>retailers buy it up>no one will let you cover>cancel all buying forcibly sell retailers stocks>let the short rollover for no reason>realize there isn’t enough silver to cover all the shorts>buy up ALL the physical silver>get taken to a back room by armed men and forced to sell at a lossOn and on. Everytime they lose big the trades get canceled or they change the rules.
Bros I just closed on a house,Is it over for me?
>>515159230You bought at the literal top retard
>>515159230Just don't relax around blacks, and you'll be fine.
>>515152159Ironically the federal reserve was created on a promise to stabilize the boom bust cycle and prevent busts and recessions.
>>5151588826% of 400000 is 24000If you can’t pay that in 30 years you are a poor
>>515131891>Be bank>Gib loan>Guy makes some payments>Central bank raises rates again>Economy slows>Default because cant pay loan>Bank takes home and all equity you paidWOW great system!
>>515159088Yeah but the odd thing here is talking about 2020 era home buys. Those things were back when the price per home was only up ~50% (more now) and had near zero interest rates. Aren’t hose who bought 2023-2024 vastly more fucked?
>>515159337It was a proto "Plunge Protection Team" that is now fucking us all even harder. You've probably read 'The Great Taking.' Kikes hate free markets so much that they've changed all global "laws" so they get to take all the chips off the table first if things go south, which they will.
If things are fine then why is this child raping Jewish faggot about to declare a housing emergency in America this Fall? Even jews feel bad for the Amerigoyim at this point.
>>515132519>be me>kind of rural tn>40 miles from Nashville>computer nerd, get into general IT helpdesk at a local company>$11 an hour and everyone thinks im king in 2015>save shekels for 4 years>on edge of being able to afford a meth lab house>covid hits>think maybe boomers will die off and ill get a house>market overpriced anyways just a few more years>houses 3x or 4x everywhere due to tech fags flooding Nashville and surrounding areas>see califag license plates for first time in my life>farmland converted into subdivisions>every house with out of state fags has a new pool in weeks of moving in>priced out of everything>cope and say its a bubble >put house down payment into CDs>put all back in plus extra when they expire>repeat past 5 years>literally further from buying a house than 2019I genuinely despise anyone who isn't from here. They took advantage of cheap land and have fucked people like me whose familes lived here for 6 or 7 generations. But the worst are real estate developers who are local and did this to fuck their neighbors and blood. Everything about the housing industry is fucked and no one with politicial power cares to fix it since they already own assets.
>>515159383The total cost of a $400,000 30 year mortgage at 6% APR is $863,353 for the life of the loan. Mortgage isn't simple interest, bro.
>>515159088Honestly, Trump will bail out the jews somehow. Someone already called it in this thread, federally backed 1% mortgages. Actually, just fucking repeat all of 2005 to 2008 with Fannie Mae and 1% no money down NINJA loans and the whole fucking show let's fucking go.
>>515159576Tl;dr
>>515131891>Lower than anybody I was paying 460 bucks a month for mine before that shit happened, 1100 sq ft. I can't wait till the world stops noticing and starts killing you sub human sons of Saturn
>>515159383>6% of 400000 is 24000>If you can’t pay that in 30 years you are a poorThe interest is compounded monthly, retard. I'm generously going to assume 20% down payment. 6% interest on a 320k loan over 30 years is $690,682.20, of which $370,687.20 is interest, or effectively a 115% interest rate over the life of the loan.
>>515159759Tldr: Californians and traitors deserve death.
>>515132925>Kikes tricked stupid beaners and trailer trash into crashing the economy againThis is unironically a good thing if you were holding cash. Loans? Interest rates? Nigger, I'm straight up BUYING my house.
>>515159576Yep. Unless you’re into the six figures per year there is zero chance of affording the local meth/murder house. The solution is pretty straightforward: the locals selling out need to be hung. Remember your history: the penny auction.
>>515159576Ironically all those Cali-boys suddenly put a high value on those 7 generations of tradition. The California dream is dead, along with the Jews.
>>515159865>>515159719And don’t forget from pre Covid to now>houses roughly doubled in price>interest fees also roughly doubledSo we are looking at roughly a 4x increase in cost to own. It’s pretty nuts, which is why the early buyers in 2021 before interest rates went up are vastly better off than more recent buyers.Of course jews with their interest free loans live in a completely different economic situation!
>>515160229The good news is Jews have zero skills outside of financial manipulation and other forms of manipulation. When the jig is up, they flee like rats.
>>515131891My sister signed on for a 30 year mortgage a few years ago. Then she broke up with her long-term boyfriend and moved out, losing everything she invested in the house (besides the down payment, which he refunded her). Optimistic wishful thinking, that you'd still be happily living in the same home with the same partner 29 years down the road, happily paying the bank.
>>515160379But it's never up, because they find ways to use the anger of the goyim to their benefit. Israel wouldn't exist if it weren't for Hitler.
>>515160817I hate to say "this time is different," but that's where a lot of the evidence is pointing towards. This is the end of a 500 year cycle, and possibly the end of a few longer-term ones as well.
>>515159412I wouldn't be so sure. If you have an incredibly low payment with the low interest rates and you will not mobe for 10-15 years minimum, then you're fine. The issue is if we enter a deflationary spiral. Those with savings will be kings while those with assets will become poor >You will own nothing (but cash) and be happyIt's a stretch, but the big issue is people being forced to sell with return to office, job layoffs, insurance scams, natural disasters, etc. These things tend to hit in waves so it'll likely be all of the above a once, relatively. Literally none of this is new to anons who have at least 100IQ. These cycles have always happened. Line always go up has literally never happened or been observed in the entirety of human history.
>>515158457They would rather see the world burn.
>>515161359I enjoy seeing the 'live in the pod ,eat the bugs' plan shudder and strain under its own weight. There will still be 15 minute cities and Goybucks(TM), but they are going to lasso fewer whites than they hoped.
OH YOU MEAN THE ZESTIMATE THAT KEPT CREEPING UP FOR NO REASON AT ALL WAS COMPLETE BULLSHIT
>>515161722Checked >lasso fewer whites than they hoped.I remember the big push for abortion backfired in most places as it was non whites do most of the snuff out.
>>515159998Residential crap is just a symptom. Look at how much money is waiting to vaporize in commercial real estate. Part of the craziness in other markets is because no one can sell, even though they want to and can easily find willing buyers at the right price. That's because the right price is significantly below "market rate" and the rates they've listed those properties at for banking purposes (as collateral, as part of their net worth/balance sheet, etc.).For the past few years, when they absolutely have to sell, they've been using all kinds of strategies to avoid the appearance that the transaction has any bearing on the broader market, because the moment these buildings are valued properly, everything falls apart. It's like the bit in The Big Short where all the protags are freaking out because the housing market is collapsing but their securities don't budge until the banks have secured an advantageous position (net short, bailouts). Except the market isn't a bunch of poor sods moving desperately without any real rhyme or reason; it's a much, much smaller network of good ol' boys network of high-powered owners and executives. They can keep the charade up longer because they can coordinate. No one fucking sells (until someone does).
>>515131891fake news
>>515162593Their fault for gambling, excuse me speculating. Whenever you gamble, eventually, you'll lose.
>>515159576>$11 an hourThat was my loser failure wagie wage a few years earlier, jeez. Y'all didn't know how good you had it until you lost it.Still sucks, sorry to hear.
Keep not buying neets they'll certainly be cheaper later.
>>515159383Oh, nonononono.No one tell him about amortization schedules.>What do you mean more of the payment goes to interest than the principle at the beginning?!
I hear in 5 years from now houses will be 50k dollar so don't even worry about buying a house right now houses always get cheaper later like all the other things.
Interst rate go down to 1% since you can't buy right now just keep holding out.
>>515163363Sure, 1% on a million dollar shitbox.
>>515131891They destroyed the housing market where I live. Outside buyers purchasing literal cracker boxes that wouldn't break 100k a few years ago for 200+ in cash only to rent them out. Shitty school districts because these are poor neighborhoods. Where I live it used to be nearly impossible to move my nice neighborhood. Basically if someone died and the kids sold it or someone was transferred via their job, that was your only shot. Now though? Houses are sitting empty with for sale signs up for weeks / months in the best school district around by far. They destroyed both the affordable starter home markets and the nice established neighborhoods in the span of a few years.
>>515142464This. Kikes have been snatching up single family homes and leaving them vacant or renting them to Mexicans and jeets. If there’s a “home crisis” it’s by design. Paid ours off two years ago. Feels good bro.
>>515131891show us what he paid, then show us what he's asking, 9 times out of 10 they are trying to flip a major profit without actually doing anything to the house
Oh this has nothing to do with the market today, but still funny. If you look at older purchase agreements / loans for houses in my neighborhood, they explicitly denied negroes owning a home. This is not that long ago either. Blacks could not own a home here, and if you had black servants their asses had to exit the neighborhood before dark. Which reminds me, we have one black family on my street. I guess I need to go tell them to pack their shit up.
>>515161722Checked. They're scared deep down. It's all crumbling, but I wouldn't put it past them to salt the earth on their way out.
>>515159576I know this feeling. I was going to retire in Thailand too before COVID and all the remote worker fags and inflation completely ruined it once once they reopened after the pandemic. My job paid great as well before COVID and now my pay fucking sucks because inflation destroyed my wages. I will always continue to reopen the wounds from the COVID era as much as I can , fuck everybody who wants to "just move on" from this bullshit, this shit destroyed my life too. Fuck this country.
>>515131891Kek
>>515163931The town next to mine hired a black sportsball coach and then had to redo the ordinance because they still had a sundown law. My dad was working on a house and found the original deed of sale for “a wagon, a horse, a mule, and two good niggers” I think he was trying to get outta town fast maybe go prospecting.
>>515132210Because black cock is going to buy their shit for pennies. > the Jews always win especially with their boy Trumpenstein in office> I voted for this get fked goyim
>>515142771>Out mortgage is $3700/monobody forced you to buy in this inflated marketdid you pass econ 101 by chance?
>>515164709Kek. Ours was $563 a month. God I love owning my home.
>>515157813Our kids are older, soon to be in college and then off on their own lives.That also plays into me not wanting to buy now as I don't want to sell/buy again until I retire if I can avoid it.
>>515161359>Line always go up has literally never happened or been observed in the entirety of human history.That would have been true pre-GFC, but today is a different day and age and covid stimulus showed us that. The central babkers are always in control, and they dictatate how it all goes. Interest rate cut in a week, assets about to go up once again, easy money is back on the menu. With Donald Trump in charge and a new FED chair in May, were about to see hyperinflation come back, and I for one will profit handsomely.
>>515149892>Insurance and taxes skyrocketedGood point. And it's not talked about in regards to housing prices/rates.
>>515132364Yeah, if you have the financial stability to weather a few bad years then it is essentially impossible to lose on real estate.If you're playing it closer to the edge and take an unexpected hit that forces you out, that's when you get obliterated.
>>5151322612.62 here. Dam thats a good rate. Got 10 hears left on mine
>>515165901Those are Canadian rates. Depends on what buddy's term is but he will eventually have to "refinance" again aka get a new term at whatever the current interest rates are when he does.
>>515156248>at least where I'm at in Tennesseelemme guess, Nashville?that place is uber expensive and only getting more so.
>>515163546I have significantly less sympathy for this situation than Tennessee dude. Especially since people in the "bad" neighborhoods were likely paying a higher proportion of their income in property taxes than in the nicer neighborhood (this is a common and, obviously, batshit, pattern). >>515163931You kind of got what you deserved with that one, bub. Also, that's called a restrictive covenant (specifically, a racial covenant). but states stopped being able to enforce it in 1948, and they became illegal in 1968. It's just difficult to remove them from deeds, so most are intact. If they could have been scrubbed, they'd have been forgotten by now.
>>515132210at least they have a house
>>515156362lmao wrong I applied for one with 700+ credit and was only approved up to 250k
>>515138702another thing the criminal real estate cabal (builders and agents and owners) is doing is instead of lowering prices to make a sale, they add incentives instead (like downpayments, or buying down points). This ensures it doesn't cause a cascade of lowering property values (for other property they own).Rich people should be beheaded and paraded around Wall Street.
>>515150286>Boomers will need WW3 and a draft just to keep their necks outside of a noose.Yep. Why do you think Trump is starting shit with Venezuela? The elites will start pointless wars just to get fighting age men away from them when the market crashes. Also expect an upcoming attack on Iran soon just in case whatever retard situation in Venezuela doesn’t visualize soon
>>515131891Housing shouldn't become speculative. The previous generations let greed take over their sensibilities and we're paying the price.
>>515156747in retirement you usually down size not up sizesmaller yard to care for, if you were in a two story now its a one story, dont want to climb up and down those stairs every day at 60-70 y/o, and so on down the list, but I get your thought process all the same
>>515166462Supply and demand for certain asset classes is dead, because those classes been cornered by certain policies and norms that make it impossible for prices to ever fall if there's a supply glut or a drop in demand. Rentals are the same as buying.>The rate isn't lower, but we're giving you a monthly credit on your bill!Certain commodities too.>[insert video of dairy farmers dumping barrels of milk down a sewer]
>>515147904>I hope that Blackrock and their cohorts get a nice ass fucking, as they helped to contribute to this madness.
>>515131891>that no longer suit themCall me crazy, but this almost sounds like they were never planning to buy a home, and actually planning to just quickly flip an imvestment...
>>515157822i bought a 3/2 with garage and 2 acres for 220k, ive paid off like 70k so far and same position here, couldnt move if i wanted but the fact im anchored here isnt all bad...i have this house after all
>>515166853Yeah, the truth is it's been a "command economy" in all but name since 1871.
>>515131891I bought a house in August 2021 for 325. Sold it last month for 390. Paid off my student loans with the proceeds and then some
>>515131891OMG he bought a house and now has to LIVE in it???? How awful.
>>515163119i put 50k down and my initial payments were 1200 a month, something like 800 of that every month was to the interest aloneand my interest rate is in the 4 percentile not 6
>>515166908I had multiple friends buy during COVID. No matter how many times I told them to consider that the purchase could be a "forvever" purchase and that they really had to think long and hard if they wanted to spend the rest of their lives living in it, all they could focus on was extremely short term returns (be it rent or flipping).
Rising house value is the biggest scam for ordinary people. Houseowners think they are getting more value and wealthier as their houses increase in price, not knowing the only one who can actually capitalize on that are wealthy owner with multiple houses that can put their home on sale at premium for years. Ordinary people only sell when they truly need the money, only then will they realize they can never sell their home easily at market price. Either lower it far below market price so it can be scooped up by corporates/wealthy owners who are camping it, or end up in bankruptcy where the bank will auction their home and then get scooped up by corporates/wealthy owners with connection to the bank
Karma for the people who cant move out their parents house :D enjoy your bed and lay in it as they say! Hahaha
>>515131891You should be buying a house just to sell. You buy a house to live in.
>>515131891>Bought in 2022>4.6% rate>30k appreciation>Wife bought in 2020>2.5% >100k appreciationWe're both up and have no reason to sell to a higher interest rate.
>>515131891I bought mine for cash. Mortgage fags on suicide watch though
The mortgage was once the exception and regarded as morally suspicious. The "dead gage" where you paid gold for land. The "living gage" was the norm, where the local lord would grant you land in exchange for work. After a certain number of years of working the land, it became yours. This ancient tradition is preserved, in some form, in the now defunct "Homestead Act" in America and in other places.
>>515131891What??? This doesn't make sense, if you were going by this logic you were going to do this during Trump's 1st term when rates were zero not during Biden when they were raising rates to fight the insane inflation from the Trump years
>>515167957Markets aren't rational, gook-anon
>>5151598653% downpayment. Basically nobody pays 20% anymore. I’m just going to liquidate all of my investment accounts to pay it off before I hit year 3 personally.
>>515166908This is why straight appreciation isn't so straightforward. "Oh, my house went up $100k!" Okay, and closing costs? Maintenance costs? Property taxes? Insurance? HOA fees? All stuff not in the house value that you're never getting back. And if you sell, sure, you get your equity, but you if you get a new mortgage to purchase another house, amortization resets. It's better because your down payment is bigger, but you're back to paying more to the bank than you would have been.All of that is worth having a house, man. But you have a house, not a stock certificate you live in. A house is a matter of pride and stability.
>>515167366How much for your wife?
>>515131891>buying a high value asset with an adjustable rate loanretards never learn
>>515168221Banks are necessary evils as long as we live using debt-based currency. But the best banks are so tightly supervised that if one of their ass-hairs gets too squiggly you cut off the banker's head in the middle of the street. And this was standard practice from the beginning of European banking, circa 1250, until, surprise, the Protestant Reformation, when Christians decided they loved usury.
>>515168382Only the US and Denmark have 30 year fixed rate mortgages. The rest of the world gets Jewed even harder than we do.
>>515167957>insane inflation from the Trump yearsM1 doubled over two years from 2020 to 2022. Thats where the inflation came from
>>515168473
>>515148518This is exactly my parents
>>515168590Because of Trump, just like all the negative things in the one big beautiful bill only kick in after the midterms so you can blame the other side and bank on the stupidity of the american voter baseTale as old as timeJust like Trump surrendering Afghanistan to the Taliban by letting them out of prison and them blaming Biden for the pullout
>>515132364>This is just a normal part of the economic cycle that all generations go throughnohouse prices/rents are high because of the fucking fed owning 1/3 of single family residences and ~$4Trillion in underwater and vacant commercial properties
These MBS tranches (bought using QE) are held outright by the NYFed (NYFed acts as both note holder and MBS investor, multiple CUSIPs in each tranche, hundreds of properties in each CUSIP). If the mortgagor defaults (which 99% of them do/already have, which is why the NYFed bought them from their primary dealers in the first place), the deed then belongs to the Fed, who then either sits on the property (affecting housing values and skewing the housing market) or gives it to one of its triparty dealers to be rented (REITs) or to be picked over in foreclosure court. The NYFed now owns ~30% of all mortgaged homes, this was illegal before 2008.The primary dealers that own the NYFed and the financial firms they choose to fund and that also make real estate purchases for the NYFed (i.e. BlackRock, Blackstone, Carlyle Group, American Homes 4 Rent) want to own all the properties, then the US government can become their customer through housing assistance; in this way, they form a closed loop of both supplier and customer, keeping the general public from owning any property, while profiting.Under the guise of Covid, the NYFed and its ilk bought single family homes (MBS) and Commercial Mortgage-Backed Securities (CMBS), too, such as apartment buildings, trailer parks, nursing homes, offices, strip malls, warehouses, student housing, and RV parks and are keeping these real assets in their privately-incorporated LLCs (aka Special Purpose vehicles (SPVs)).Update pic related to ~$2.2TThe purchase of these distressed properties by the NYFed causes false scarcity and false demand, which drive up housing (and rental) prices and prevents young and upcoming families from buying, fixing up and investing in these properties, as well as stopping new families from putting down roots in a community.
>>515169773>Under the guise of Covid, the NYFed and its ilk bought single family homes (MBS) and Commercial Mortgage-Backed Securities (CMBS), too, such as apartment buildings, trailer parks, nursing homes, offices, strip malls, warehouses, student housing, and RV parks and are keeping these real assets in their privately-incorporated LLCs (aka Special Purpose vehicles (SPVs)).
Do americans really buy wood compounds for hundreds of thousands - millions of dollars?
>>515169504Why don't you take your comments over to a Korean message board where nobody gives two fucks what you think.
>>515159576It's even worse in places like Knoxville where the wealthy have been buying up raw land to put $900k+ homes on them as 3rd homes to AirBnb and maybe vacation at a few weeks a year. Years back I'd look at homes there on Redfin etc. and see old homes built in the 50's with essentially no remodeling done to them going for like $400k+, not remotely in town or anything. My childhood town got replaced a long time ago, but because it was advertised as a hotspot for silent gen/boomer retirement since thr late 80's and all these lawyers, psychologists, and gov workers from liberal cities bought everything up. Houses that were like $150k in the mid 2000" s are like $850k last I looked 2 years ago. One was around that price and it wasn't even 900sqft. It was some old home from like 1910 that was just cheaply remodeled to look like some tacky studio apartment
>>515169988Checked. It's funny how this has become the main burger/bong divide. I've lived in the US, UK and Canada and Canada is the alien of the three. Still, if we could decide to get along and kill kikes together, that would be great.
>>515168590>>515168590ZIRP and COVID stimulus were mostly Trump (remember, Biden went so far as to fuck people over by lowering the promised amount of the helicopter money checks), but a lot of this crap is rooted in Bush and Obama policies. And probably not the ones you're thinking of, they purposely kept so much of it out of the news or presented euphemistically. In every case, they could have let the deflationary bust portions of the boom/bust cycle happen (obliterating asset values) and backstop Main Street (that didn't own many assets outside of housing), but then it would have made all the donors on both sides quite unhappy. Also something something socialism (no one would care the same way they didn't care during the Great Depression).
Why are theyre struggling to sell? They should be in profit anyway
>>515170648Because people cannot afford to buy at 2025 prices.
>>515131891Nigga I’m trying to buy. The problem is they hold the house for a year and then want to sell +20%It’s the exact same as the boomer “I know what I got”
>>515170842yeah the percentage of people that are de-listing after not getting what they want is at a record high
>>515170842>I’m trying to buy.
>>515132925I bought a house with zero down and 3% interest 4 years ago. It’s already up 50% over my stupid price of 100% over what it cost 8 years ago.
>>515135954What if you currently own a house but want to move in a year or two?
>>515169773>f the mortgagor defaults (which 99% of them do/already have, which is why the NYFed bought them from their primary dealers in the first place),picrel
>>515131891There is literally not a single person who regrets buying their home in 2020 when the rates were nonexistent and the prices were 30% lower than today. If you got in before Trump and Biden tag-teamed the economy into a smoldering crater, you won.
>>515132925What are you talking about?When markets go up you cool off, even if its shitty.There's no such thing as people warning you to "buy a home now because it will go to the moon."The adage never lies >If they say "SELL" you BUY>If they say "BUY" you SELL
>>515170918The amount of people that think they are entitled to peak bubble prices is staggering.
>>515171012Figure it out anon. But most people are deciding not to move, if there's any alternative.
>>515169773Bed Bath and Beyond CUSIPs in MBS tranches (apparently)
>>515145020It’s only worth that much if you can sell it, retard
>>515131891>buying a home you couldn't budget even with 3 percent interest The market only dipped. It didn't crash. If your property didn't maintain value idk what you were doing. My home doubled in value
>>515171195<<<----it's bad>extend and pretend
>>515147904You do realize that if we ever hit deflation of as little as -0.1% the entire economy and the federal government implodes right? The past 70 years of fiscal policy and economic theory demanded inflation. Without inflation there is no avenue to pay back debts... a problem because we collectively owe a gazillion dollars
>>515171171That’s what we’ve pretty much settled on. We need more room but this one is paid off and the value keeps going up.
Ive got 20 ounces of gold and I wont get rid of it until it gets me a house
>>515171261My mortgage, insurance and taxes all rolled into one is 700 a month. No way could I rent for that much
>>515149374High rates and cheap houses no fucking brainer are you dumb as shit or something?
>>515171555Don't be surprised if your insurance doubles within the next few years. Many will decide to pay off the mortgage and not have insurance, if they can afford it. Lots of old kike systems are now collapsing.
My brother got a 2 story 5 bedroom house for 100,000 in 2021
>>515168265About tree fitty
>>515171469Oh, there's certainly AN avenue.
>>515131891why would they ever need to sell? they have mortgage rates lower than inflation. Just rent to whoever the fuck and rake in free money forever.
>>515171915Was it in niggertown, faggot?
>>515172015Most rental rates are below the mortgage now. So you'll lose money fast.
>>515172121no its in a comfy rural area
>>515172015 >y selljerbs replaced by Actually Indiansnigs invading ur hood and burning houses down
>>515172194Then I wish them a happy future in a world depopulated of Jews.
i get phone calls/letters every month asking me to sell my homei'm in at 4.5% so the rate is ok, and all the interest is above the standard deduction so it's really 3.4%i have a vacation home financed at 2.625%
>>515156248>Tennessee Eww
>>515171469Honestly at this point the reserve currency status the US has needs to die.Trump fucking over the Jobs numbers and potentially fucking the Fed will lead to a lot of problems for the US (and EU), but if it destroys the idea of the US being a reserve currency it removes a lot of the market weight of having every company fucking the US since they need to rapidly invest elsewhere After that the US just needs a politician who doesn't try to revert it back, but good luck with that.
>>515170949those past (2) times where there were more buyers than sellers ended up being great times to buybetting against the government printing money and importing immigrants is a bet you will lose
>>515172423I would be wary if this kind of thing was going on. So many nightmare stories of deed theft and other scams where you're put out of the house before the wheels of the law can turn.
>>515172590Like kikes, the dollar has become an octopus, so removing it will be like those science fiction movies and games where to remove the parasite you have to subject the body to tremendous pain.
>>515172582what's wrong with tennessee?no state income tax, cheap property tax, home insurance isn't badstill 75% white and most of the niggers are confied to memphrica, nashville, and chattaniggaand home prices aren't bad with the exception of nashville
>>515138027shut up faggot
>>515173142Appalachia is a fine country and it's one of the many names of this continent. Before "America" became custom, sometimes the entire continent of North America was called Appalachia.
>>515135954>Mark my words, young bucks going for their first house.Lmao what "young bucks" do you think are able to buy houses at the current rate? Homeownership under 40 has plummeted to 30%.
>>515159576>>515170351I don't understand why Califags and New Yorkers all decided that Nashville and Tennessee in general should be the next place that they flock too (Austin, TX was first). I mean sure yeah I get that Nashville is the center of the Country Music industry but beyond that I really don't get it. I went to Nashville once a couple years ago and it was alright but not super great. It seemed overpriced for what it is (I looked up rent prices while I was there and was in shock). I'm in a midwestern city that imo is just as cool as nashville but is dramatically cheaper. We've had some out of staters move here over the past few years but not a ton. Home prices here have risen a lot but are still in the realm of affordability. At this point I'm glad my area is still somewhat under the radar. I hope our football team has a horrible season so that we don't get any more attention. We were truly cheap 10-15 years ago, now everything has gotten more expensive but it's still affordable. Not priced out like I would be in Nashville or Austin. Downside of this for me is that if and when the housing market crashes, it probably won't crash that bad here
>>515173336Yeah the number of buyers over the age of 75 is far greater than the number of buyers under 60. It's a sad, kiked, thing.
>>515172592>betting against the government printing money abut it isn't the government printing the money, it's the private and now-bankrupt federal reserve printing federal reserve notes
>>515173381The coasts fled their own sins (the ones that did). So they went to Bible country. Lol
>>515173493It can't last. It's going to inevitably lead to full on communism if something isn't done to equalize things and get money moving again.
