It's over for US housing market
>>536271776problem is they're mostly boomers who don't have to sell.we'll have to wait for the big boomer die off.
>>536272058Funny how the pandemic that was supposed to kill 7 gorillion people somehow left all the stupid fucking boomers and late gen x trash alive.
>>536272165I inherited 3 houses during the pandemic, one from an uncle I never met.
>>536272398Fuck you
>>536272458Don't speak like that to your landlord
>>536271776They're asking for completely unreasonable prices This is what happens to NIMBYsHave fun playing inflated property taxes on your unrealized house gains
>>536271776US housing market is in a massive bubble and needs a correction and frankly the whole thing is due for a correction and boomers slowly expire that means more people are looking to sell.
you should be shot and killed for:-not paying rent-living with your parents-being a virgin-being unemployedworthless leeches on society need to be purged. just get a 50-year mortgage.
>>536271776Sellers will hold until their property is worthless. Boomers viscerally feel that their 40x'd home equity was earned by them and that Zoomers/Millennials/Gen Alpha deserve to work their entire life to buy a starter home.
>>536271776This shit needs to crash do I can buy a house already. I have a decent paying job, but I don't want to finance s piece of shit house for 600k to get the rug pulled out from underneath me and it be worth 150k and I'm just fucked.
>>536271776Trump will swoop in an import a few million more pajeets to boost demand
>>536272316Holy moly. It never even begun for our generation
>>536272801Shut the fuck up fatass
>>536273023Based! Can't stop winning!
Is there any point to me getting back into the work force? I applied to a few $50k/yr jobs last night. I have 60k on savings right now. I live with my parents at 32. I wouldn't mind my own place so I can fuck my Asian gf more often. And get out from my parents hoarder house. But is it really worth my T levels plummeting from the misery of wagecucking? I don't know. I really don't. Every single house I can afford is a trailer with a fucking 458 dollar a month HoA fee. My friend bought one and I visited it recently. It wasn't bad. But I just can't get over paying rent for land. I just want a little manufactured pod to live in that's like 600 or 700 square feet. Just something, anything that isn't fucking renting. Just feels more and more like there's no point and I should just stay a NEET.
>>536271776>"NoBOdY Is buyInG hOusEs anYmoRE!"Nobody is buying houses for the ridiculous asking price.Someone else's home is not supposed to be your investment. You're not supposed to see a 5% return on a property every year.
>>536273218You sound like a poor
>>536272801>-not paying rentWhat about not coming down on the price or constantly raising the price without increasing the quality of the product? >-living with your parentsDoes this apply to women or just men? Funny how women get to do al the things men get called parasites or mooches for.>-being a virginAgain, talk to women, does this apply to them? Do they get shot for turning a virgin down? >-being unemployedAgain, whose department is that? Are employers who deny your resume and application going to get shot too?All this bullshit is 100% out of people's control because OTHER PEOPLE want 200% control over everyone else's life.
>>536273289You sound retarded. see >>536272280>>536272316The high prices are clearly the problem. And yes bitch nigger, I already own a home and have a $160k job. Your faggot ass insults won't work on me.
>>536271776>it's bad that housing is getting more affordable
>>536273398>And yes bitch nigger, I already own a home and have a $160k job. Your faggot ass insults won't work on me.
>>536271776I would pay $140,000 at 2% interest rates or $80,000 at current interest rates to buy a home. Otherwise I wouldn't even consider it. They have a lot more work to do to get me to buy their plywood shit box and pay their property taxes.
The collapse is going to be so fucking insane and the>we told you soIs like Peter Schiff vs Bitcoin moment yet even more retarded. NOTHING can stop either retardedness. These houses are not really worth anything lol
>>536273495???
>>536271776They're going to pass some bill to allow black rock to come in and "save us" by buying up the entire housing market to keep asset values high, then they'll never sell them. They will only ever be rented out, forever. It will also become impossible to build new houses, unless it's for them. Enjoy.
>>536271776How do they count buyers?Or is just an estimate?
>>536271776>"US housing market">look inside>Undesirable republican boomer shitholes in disaster prone areas that were already overvaluedCall me when the prices crash in places where there are jobs
>>536272398>>536272458>>536272499Kek.But seriously landlords are parasites
>>536271776For sale: Cardboard, reconstituted sawdust, and warped lumber that was never dried properly, all installed by the lowest bidders that could be found outside an AA meeting.Asking price: $2,000,000 USD
If I could flee America to Eastern Europe with my same career and make it work, then I would also default on my debts here and take my money to buy property there. I don't think it is worth it to buy a home anywhere in this country when you consider how quickly prices have rose. The investment argument falls flat when you consider that there is not much more upside when the economy is shit and incomes are not growing. The real threat is a collapse, but every boomer and kike are bending space and time in order to prop up the market. My ancestors came here for opportunity and now the opportunity is gone, so young White people here should look elsewhere.
>lol
>>536272280What this doesn't tell you is that those so-called affordable homes are decrepit and in need of tens of thousands of dollars worth of repairs as well.
>>536274195Can you work remotely? Or find a remote job?
>>536273901House prices can still crash regardless of what governments or large investment firms do. No company not even Blackrock has unlimited money or the ability to permanently override supply, demand, interest rates, incomes, and demographics. Large investors can influence parts of the market, but the idea that they could buy up all housing and keep prices high forever is unrealistic. History shows that even powerful institutions fail to stop housing downturns when economic fundamentals turn against them. HISTORY ALWAYS REPEAT ITSELF.
>>536271776about time
>>536274333Potentially. My current job is not remote though.
>>536274338>No company not even Blackrock has unlimited money or the ability to permanently override supply, demand, interest rates, incomes, and demographics.That is exactly what is consistently happening though?It used to not be so blatant but now they do it and don't give a shit that the goyim notice
>>536274186-t. a guy who has never been through a piece of shit boomer era house
>>536272165And now they are all backed and even more braindead.A boomer horde of retard vax zombies.How could hell be any worse?
>>536274431Private equity owns something like 1% of houses. They're not the reason you're renting a pod, you're the reason for the most part.
>>536271776gotta pay tax on home that has increased in value and thus in taxno one will buy it for market valuegotta keep paying that tax
>>536274422Then you have to start looking. There are job sites that specialize towards remote jobs only. Use them alongside LinkedIn. You can use AI to help you automate the process, that’s something I’m working on right now
>>536274431its impossible anon, id say it otherwise. i know it drags to long.but just to be more normie style herebig firms can distort housing markets, especially locally, but they cant make prices immune to rates, wages, rents, credit, unemployment, and demographics forever lol its impossible
>>536274518There is a funny thing to note that the only time housing ever really worked is when people actually built their own homes, and that the homes on the market are largely legacies of that era. Those are what people generally want, because regardless of anything the fundamentals are generally solid. Modern contractor-built homes are absolute fucking garbage built of the shittiest pine obtainable by drunk retards who don't care because they don't have to live in those fucking deathtraps.The gap filler was shit like condos to suit the mass migration to cities. Now nothing is working and Democrats are celebrating turning sanitariums from the 40s and 50s that closed in the 80s into housing for all the fucking migrants they allowed to flood in.So many people deserve to be murdered right now.
>>536271776good cheaper the houses the better
2026: denial phase2027: pain phase2028: oh fuck
>>536274850Zoomie bought into the meme that everyone from 1945 until 1970 built their own Sears home
Trailers in Trailor parks are costing over $100,000
>>536273023Oh like how he isn't doing now? Lol shut the fuck up open borders nigger lover.
>>536274675I'll keep that in mind, thanks.
>>536273145>just can't get over paying rent for landYou'll have to since that's what property taxes are. There's no way to fully own your house in this fucked up country.
>>536275038
>>536275335True I guess but property taxes even 50 per 1000 on a 100k house are a lot more manageable in some ways. But yeah property taxes are subhuman and make me want to move to Texas.
>>536274675What does someone like me with 10 years of analytical experience in big pharma and cannabis do? I'm already 35. I do speak Russian fluently though
>>5362746351 percent is a huge amount when the available homes for sale are only like half a percent of them in the first place.
>>536271776Based. Let those prices drop hard.
>>536273642I second this. Even though I have money for the down payment I ain't buying some molded shack for 400K in some decaying MAGA shit hole full of niggers and without jobs. I can always fuck off back to the eastern europe and buy a commie block pod for 40K, no HOA no monthly payment, no property taxes , no insurance. For the burgers that hate slavshits you can now buy a pod in a Latin American country I guess.
>>536272398Which county? >tfw no Sligo silage mansion
>>536271776>no, I wont take a red cent under $550,000 for my bungalow that hasn't been updated in twenty yearsI hope these people lose their asses.
>>536272844Assholes like you think people like me who bought their house 2 years ago deserve to be underwater in their mortgage because you deserve to buy a cheap house. Fuck you.
>>536272058The boomers are whining about their property taxes and trying to downsize as such.
>>536276717No, we think you're silly for signing for 7% interest on an overvalued asset.
>>536276717you're already underwater. if you sold today you'd be eating shit.
>>536272499Lmfao
>>536276717>buys overinflated asset with high interest debtngmi
>>536276096… best thing would be to find a similar job in the same industry but remote, that’s your easiest path. Isn’t data analysis oversaturated?
>>536272058most boomers really need to sell here in the US because they can't afford rising property taxes and cost of living increasesthen people can't afford the prices boomers are askingits a nice mexican standoff with buyers, sellers, and jew banks
>>536277426data analysis is easily replaceable with AI, stay far away
>>536276717Yes. Not my problem you bought the top. Keep investing in boomer houses like a cuck.
>>536271776>turn on money printer>institutions buy up real estate at a discount>sell mortgages to buyers at a significant premium>cut off money printer>nobody can afford mortgages>nobody can sell>foreclosures around the corner>rock bottom re-acquisition of real estate by institutionsthey know exactly what they're doing2020-2021 is the gift that keeps on giving
>>536271776Bro nobody believes me but we will actually cut interest rates at the Federal Reserve. I got a cheeky hundo bet at Robinhood Prediction Markets to make 1400$.This is a big reason for a cut we need to get mortgage rates back down. However we also desperately need to refinance the national debt and everyone knows the economy seriously sucks ass if it wasn't for AI the stock markets would all be down like 3% for the year or maybe more.They can always make a deal with themselves to cut rates to 1% one quarter then raise .5% every month until it fixes things. I don't think inflation is guaranteed since we are in a Wartime Economy and quasi-recession especially if we act fast on reraising the rates.The gamble is worth a shot to me.
>>536271776Purchasing power of the Dollar just kept going down and down as boomers voted for it to happen they are now surprised their overpriced houses don't sell, funny.
>>536277606I’m working on gen AI myself. My purpose is to replace everyone starting with roasties.>>536276717Also just put some money in a stock yesterday, up 15% today. Feels good. Meanwhile your prices are crashing. Stock I’m in is VSH
>>536276561Two Wicklow one in Normandy (the lost uncle). Shame I'm married to my dub job.
>>536277768They were hoping the plane would crash after they jumped out with the parachute but now they've waited too long to jump
I just put my house up for sale. I purchased at 200k in 2020, selling for 360k. Already had multiple offers in just 2 days.
>>536277768i suspect it's xenials, millennials, and the odd zoomer getting fucked by this.boomers traded a stick of bubblegum they purchased from working the neighborhod paper route for their house in 1967 and so it's paid in full (the deal was closed with a firm handshake)
>>536273901I love this narrative because it’s thinly disguised cope and the same mistake middle class whites make time and time again. You are not partners with kikes in this post-2008 Faustian bargain and they are going to buy your shithole for bottom dollar when the time is right.
>>536278042Yeah cool. Those kind of gains can be found in stocks in a single week.
>>536276096sell your butthole
>>536276763Wrong, they’re getting Republicans to simply end the property taxes. Florida just passed sending it to the ballot in November, which I’m sure will be presented as "ad valoram" taxes or whatever to confuse the voter. And if that passes, you can kiss local government goodbye since now everyone will have to eat out of the palm of the governor.
>>536274431The problem with your perspective is that it assumes all these private entities are working as a team, or at least in the interest of their industry. They will be the first to backstab each other and everyone else is collateral damage.
>>536277768they want 10x for their 60 year old house kek
So what do those of us who have inherited a house do?Don't have the money generation skills to buy anything if it crashes (50k CAD a year) but no mortgage.
>>536271776Meanwhile your average northern New Jersey town has no more than 7 houses for sale at one time and they are all 100+ years old and a gorillion dollars. All of this is region-specific. So fucking stupid to talk about trends across the entire housing market because none of us live in the entire housing market.
>>536278616This thread would want you to sell your inherited house for 50% market value for the greater good
>>536278574>one state example>the gigaboomer state>not even law yet
I havent paid my property taxes in two years. I didn't have the money at the time because of some other financial emergencies that shit on me but now I do have the money to pay both years. I haven't yet though because im kinda curious to see what will happen. I keep expecting a threaten notice in the mail but I never get anything.
>>536271776>nearly half a million more sellers than buyers but somehow a starter home is worth 15 years salaryUh make it make sense
>>536271776so what do boomers plan to retire on when they can't sell their homes, all their savings evaporated with the AI bubble, and none of their grandchildren have jobs to support them?
>>536271776rookie ass numbers
>>536278965Boomers aren't desperate to sell so they'll just keep the overinflated prices going for as long as it takes for some wealthy H1B chink to buy it from them
>>536271776there needs to be laws written to facilitate home ownership. letting land-owning white collar criminals write the rules will end society. these men of the Epstein class care about nothing and will gladly crash society for one more dollar and one more fuck.
>>536279407You're regionally correct. The issue for the boomers is that a lot of them have houses sitting in areas that wealthy insectoids don't move to. Sure there are a flood of poor jeets and spics, but they aren't buying the boomer's castles.
>>536278314If that was true then everyone seething ITT would have already made enough on stocks to buy multiple houses. It's not my fault you retards didn't buy during the start of covid. It was very obviously the best chance since 2008.
>>536279788I made a killing on covid-era investments but if I had the capital to deploy then that I do now I'd probably be close to an early retirement.
>>536278856You might as well pay it or at least look up the penalties for not doing so. They'll eventually come to claim and say you owe them 100000% interest.
>>536272058because they KNOW what they've got
>>536280600word
>>536276717>buys the topLmfao what a retard.
>>536271776Do you know what's causing this?Deportations.
>>536279788>obviously the best chance since 2008Hahaha. Um what? How so??
THE ALIEN ARRIVAL IS CONFIRM FOR TUESDAY MORNING 9:30 AM EST TIME.QANON INSIDER HERE WITH DEEPSTATE ILLUMINATI SEE YOU ALL IN THE MOTHERSHIPS GOODLUCK SAFE.PS. Disappearance of UFO expert Gen. Neil McCasland 'confirmed gameover'
>>536271776>it's over>knows nothing about supply and demand
>>536271776Trump wants it to be expensivehttps://x.com/VladTheInflator/status/2002845545971540360https://files.catbox.moe/1c9ojf.mp4
>>536276717Anon, no matter how longer we wait there will ALWAYS be someone like you who just bought into the system before the crash. But the crash still needs to happen. Its going to be painful for all of us, myself included, but there's no way around it. Trying to push it off for later instead of letting it happen naturally is how we got into this mess. We are supposed to have regular, small corrections to return to reasonable baseline, but by artificially propping up the housing market and refusing to let it fall like it should we've allowed it to climb higher and higher and now the drop is fatal. "You can't let things become affordable again, that would be bad for me personally" is the exact same mentality that the boomers bought into that created these problems.
>>5362717762008 ALL OVER AGAIN...how did that happen /pol/
The boomers will never lower their asking prices. They know what they got.They're going to die with their cold dead hands curled around their houses only for the banks to seize them and then plant a bunch of shitskins in them.
>>536276717Remember when you told kids to go to college, then bitched about them signing up for loans they cannot pay back? You did something even dumber because you acted on FOMO and greed. Enjoy getting BTFO by the mortgage corpo you worship as a god, no sympathy for retards buying shit at the top of a ridiculous bubble. Did you really think half million dollar homes were realistic or practical?
>>536283977Its never going to happen. No one wants to sacrifice themselves to fix problems they didn't create, not least of which because we are no longer a homogeneous society. Collapse is inevitable.
And yet prices are still outrageous
>>536272801>being a virginPlenty of priests, get started edge boy.
>>536279069>so what do boomers plan to retire on when they can't sell their homes, all their savings evaporated with the AI bubble, and none of their grandchildren have jobs to support them?They reverse mortgage their homes for whatever the bank will give them and then on one of their cheap cruises probably die from getting too drunk and relaxing around some savage.
>>536284388There won't be a choice. No one has enough money to buy housing at pumped up prices, and everyone that would has already done so. Renters can only be squeezed so hard due to stagnant wages. Now old people bitch because they want a smaller house, but they want a million bucks for the huge house they neglected since the 80s. No family that needs the house can afford it, and everyone that can is another empty nest boomer looking to downsize. The housing market is frozen solid because people wanted infinite asset value growth on a home that falls apart from the day it was completed. But in the end a house is a dwelling for people, not a stock market plaything. Now it's unaffordable to people that need a dwelling. Do you not see the issue?
You don't even deserve a home, though. All you people thinking you deserve homes "just cuz". Socialists. Communists. Youre scum.
>>536272398Based. Raise the rent good and often.These renter leeches need to learn who’s boss.
>>536272165Only poor people who make shitty health choices died during the scamdemic.If you owned a house you were probably okay.
>>536284266>The boomers will never lower their asking prices. >They know what they got.How did that phrase get drilled into boomers so hard? I remember seeing it all the time around like 2009-2010 with boomers massively overvaluing trash cars on CL posts, but would hear it now and then before that growing up.Was this some common verbiage in the 60's and 70's for them where instead of saying someone ripped them off they'd just tell their friend>Ya didn't know what you had Bill, ya just didn't know hehehI don't think I recall ever hearing a single person say that that was born after the early/mid 60's lmao. Do Canuck boomers love this line as well?
>>536285226Because they are always looking to scam people, they automatically assume everyone else trying to scam too. Hence a good faith lower than advertised offer due to personal circumstances or the item really just not being worth that much is automatically assumed to just be another rich boomer trying to lowball them.
>>536274143Cool, I like to imagine I'm the one that swims up urethras>>536282538I'm a landlord/house flipper and even though this stuff is bad for the selling side of the business I'm happy to take a financial hit to get rid of those fucks. I only got into real estate because they ruined wages.
>>536272058>>536272165>>536276763>>536277525you do understand that this graph is showing that there are ~25% more houses for sale than there are people to buy them
>>536271776Gee I wonder why...
>>536273289Bitch was abducting children to be raped, fuck the media. Anthony fauci is her son. Fuck all of you, you will get what you deserve. God will do it.
>>536272058right. And there aren't many buyers so outnumbering them isn't hard. And really there's only 4 or 5 months' worth of inventory, which isn't a lot either.Basically everyone's staying put and holding what they've got.
