So what's going on with the housing market? Is it going to crash or not? Should I buy? My father keeps thinking prices are going to go up because of rate cuts but they don't appear to be happening anytime soon. Also there was the ban on large scale investors buying houses, will his do anything?
Nobody knows
> government adding trillions to national debt increases inflation> inflation increases pricesit’s going up
>>537698991I keep seeing price cuts on zillow.
>>537698635Depends on the area, if you're in an area like Florida's metros the market is still extremely hot and expensive, if you're in a NYC suburb the crash has only just begun, either way I think it's a stupid time to buy, there's a massive correction around the corner
>>537698991>boomers dying>their kin selling their lake homes and rental properties to buy groceries>deportations happening and fewer people comingIt's going down
>>537698635Its never crashing nigga, the biggest single issue voting block is retirees and they only care about number go up. The only bad thing is your assets are illiquid so you gotta have some cash on the side
>>537698635don't buy right now. a crash will be soonish. there's tons of inventory but no one is buying because prices and interest rates are just too high.
>>537698635Seems to be sinking pretty badly. I think buyer demand fell off so these insane prices are being forced down. I have two acquaintances trying to sell right now and I think they've both had to drop their asking price like 15% and they're still not getting serious lookers. One is shitting his pants because his wife found their dream house and the whole thing is contingent on the sale going smoothly at the right price.
Find a good enough deal and buy. Just get good at inspecting the home yourself because every contractor is a retard and half asses the job.
The people in charge learned their lesson from 2008. They will be a loaf of bread $20 before they let housing prices drop.
Boomers would rather die in their houses than sell them for a loss...
>>537699269grifter companies buy up housing and rent it back to the poor...
>>537699367Been hearing that since 2013.
>>537699318The median age of boomers is now 71 years old, US has an average life expectancy of 79, they're dying and getting put into nursing homes on an increasing basis now. Add that to their kids being poorer than them and would rather sell any spare property for an infusion of money now plus demand dropping from deportations and fewer new arrival immigrants and you have yourself a classic case of supply outweighing demand. It's crashing soon and by soon I mean within the next five years
>>537699539True, but only while they have renters and I think they rely on HUD renting spics and jeets, and if the spics go and the jeets stop coming then....
>>537699561A crash in 5 years at this pace would result in prices being exactly the same as they are now.
>>537698635ITS OVER
>>537698635Your father is right you should become a mortgage cuck just like him.
>>5376996942008 was the last crash and it didn't even get to play out properly as all the grifting companies involved that should've gone bankrupt got bailed out. This one will be much bigger if it's allowed to play out, I'd be looking for 2009 prices on the next crash
>>5376998212008 and 2020 were once in a lifetime events. Don't count on a crash or 2.5% rates again before you die.
>>537699694>>537699821Covid wasn't a crash, it was a blip
>>537699903>2.5% rates againAgree on that but disagree on the crash, everything is retardedly overvalued and the wages don't add up
>>537699962Wages don't add up? Min wage doubled along with everything else. Overvalued is relative - property is still selling everywhere. Prices are exactly what they were before literally 100% inflation over 6 years. It just happens the real estate asset class doubled in 3 years instead of 6. Long story short, if you didn't get in, you're out. If you're out, don't feel too bad - home ownership costs also doubled/tripled. There are better places to put your money.
>>537699903>two events within 12 years of each other were once in a lifetime eventsthere's a record spread between buyers and sellers and record household debt (including & excluding mortgage balances). I'm not sure exactly how this plays out. Could be a crash, could be a lost decade, could be another swoon patched together with rate cuts. But to think that things will be ho-hum and that a crash if firmly off the table is just bizarre. >yes, I know that conditions are actually more extreme in many regards than that black swan event, but surely nothing extraordinary will happen
>>537700101>There are better places to put your money.For sure>Min wage doubledIdk what min wage was then or is now but did your wage double? Lower middle class has expanded, upper middle class has dwindled, people as a whole are undoubtedly poorer now than 2009, elites don't count
>>537698635Idk, someone thought that it would be a good idea make me go out house searching with my mom cause we're moving exactly when Taylor is to be married.In order to explain how deeply this affects me I asked for pictures of taylor pussy. How much she charged for that? Don't worry Taylor it will be great for your career and you should let the world remeber you in your (almost perfect) form before you hit the wall.
>>537700294>people as a whole are undoubtedly poorer now than 2009nah, median person is around the same, probably slightly better off
>>537700321>before you hit the wall.She's like 40 and she's a he, her pussy is made of her colon and tilapia skin, why the fuck is this old bitch still considered a cute pop star, where are her replacements? There should have been at least a dozen by now
>>537700367House prices relative to income, rental prices too is way higher.
>>537700367You think the average person can go out to a nice restaurant, take a nice vacation, buy a boat or some other fun you like they could 15 years ago? I firmly disagree, as a 45 year old I could do more of that myself then than I can now and I should be able to do much more of that now.
>>537700367>nah, median person is around the same, probably slightly better offthis is objectively wrongstop believing the bullshit numbers the kikes pull out their ass to put on the ticker.
>>537700294I haven't made min wage since high school but fed min wage in 2019 was $7.25, it's $16.90 now. So actually more than doubled.
there's a crisis every 7-10 years. buy the dip. usually march.2000 = enron, msci, dot com bubblemarch 2010 = dipmarch 2020 = dipmarch-april 2025 = dip in stocksmarch 2026 = dip in stocks (could've made 100%+ and add that to your house buying fun)next major crisis and dip will thus be 2030. we have 4 moar years to prepare for that.
>>537700625I don't care about minimum wage, did your wage double in the same time frame? And don't pilpul me when you had some major promotion, did your current job's wage double in the same time? Most haven't
Whether you should buy a house depends on how much cash you have. If you have a 30% to 40% cash down payment it’s a good idea. If you have less than 20% it’s probably a bad idea.
>>537700170>2 completely separate events 12 years apart means something else will happen>What is World War 1 and 2...It plays out exactly like you think it would. Nothing for the next 10 years or so. Then it will go up and you'll be wishing for 2026 prices. Or happy cause you were smart enough to get in earlier.
>>537700673sometimes dips overlap, sometimes they don't.had you bought the btc and crypto dip, when many thought it was over, you would've gained huge when it went back to $100k.that's the thing about dips, hard to tell if it's the final one. same goes with peaks.market was euphoric in early to mid june, now look at the sentiment. what a reversal.also shit was "bad" in march and then it dipped exactly on the 30th, then kept going up.some small stocks were up 10X from that march low
>>537698635I'm buying now and it's bullshit, everything is triple plus tip in my area and anything in the sticks is pending within a day. The good deals in town usually turn into a bidding war and I'm not about to deal with that fren.
>>537700684>Don't give me the data points on a million people I want to know about YOU specifically because I think it might help my pointYour point is trash, wages have increased, myself and all my friends income has increased. Since you're so mad about this I assume you don't have property and you're trying to say every sale in the real estate market is made by idiots. You think that, but you are wrong, which is why real estate isn't in your portfolio.
>>537700837Who makes minimum wage? Fry cooks? My point is that the middle class is turning into lower middle class and my question is valid
>>537700754Only reasonable comment in here. Also, buy during the winter time. November / December preferably. Summer is the worst time to buy.
>personal observations>friends bought a house in the burbs for 800k>still havent sold their condo in the city>its been 4 months>I keep an eye on land prices around my area of the state>land is on the market for longer and longer>price cuts keep happening
>>537698635The problem is we expect this shit to happen overnight. It's a gradual process of sellers cutting their price down little by little until it's sold for half price. Remember these are private sellers that truly believe their 2 bedroom house in the middle of the niggerest town possible Gary, IN is worth $500k
>>537700877If your point is entering the real estate market is an unaffordable prospect, you'd be right. Rent costs less than half of a standard mortgage. This is a main factor in the current market stagnation - that is, prices aren't rising very much between 2025-2026. But property is selling everywhere across the nation. There are fringe exceptions like south Florida where insurance and condo HOA became so expensive it depressed prices. So, like everyone outside of the game, you are hoping for a crash. However, there are no reasonable indicators that there will be one. Buyers are well qualified by law (see: 2008). The few that default sell their houses for a small discount. Boomer's kids will inherit there houses and there's absolutely no indication they will sell for a discount. Demand for housing is higher than ever with an increasing population. Your best bet if property ownership is your goal is to lower your expectations for your first purchase or make more money.
>>537700942This is my dream, house in the 'burbs for weekdays, condo in the city for weekends. Got the house. Problem is city condo HOAs are as much or more than the property tax. It's like 2-3k/mo just to own the fucking thing, without special assessments. It costs so much because the cost of everything went up.
>>537700625The federal minimum wage is still $7.25 dumb nigger
>>537701104Ohhh lmao you're a real estate agent, that's a dinosaur job you fucking faggot, you'll be obsolete in the next crash
>>537701243I'm not a real estate agent, I'm an average person and your average competition in the market. Your absolute braindead posts tell me part of the story why real estate is not an asset you own.
>>537699733
>>537701484I'd love to hear one reasonable, realistic, viable argument for that red line to head back towards the X axis.
>>537701585?if people cant afford to purchase something the price falls.
>>537699507Why should a boomer sell their house for anything but the absolute maximum they can get? Why shouldn't their kids do the same? Would you?
>>537701621But people are affording it.
>>537701646>But people are affording it.sales are slowing and real inventory is highrefin, zillow et all will list one home in the development, while in reality there are 100 hundred homes just like it for sale in the same development.
>>537701646also the government is being backed into a corner. They will either be forced to continue printing money to continue programs began during covid or let prices fall. Either choice is a knife to the throat the (((economy)))
>>537701697This is not true, sales are up in 2026. Prices are stagnant relative to 2020-2024. Housing development is increasing but are all being sold. Zillow does that to consolidate the listing, you have to purchase those from the developer so they'll typically refer you to their site and just show a few model homes on the actual Redfin/Zillow site. The only real concession buyers are getting right now is in the contract where they negotiate comps like fixing things that failed inspection.>>537701738What programs during COVID that are relevant to RE are still in effect today?
>>537701958>Housing development is increasing but are all being sold.we must be looking at different data>failed inspectionthats another thing. A huge portion of inventory is newbuilds. And these things are built like utter dogshit. Bad enough to qualify as fraud imo. Fraud is never a healthy market indicator. >What programs during COVID that are relevant to RE are still in effect today?FHSAI think thats the program acronym. Might be wrong. It was the program that allowed forbearance on mortgage payments. It allowed people to keep restarting the forbearance period. That program is coming to an end.Also whatever program that was supposed to help first time home buyers build their own house that got taken advantage of by developers.>But people are affording it.also to return to this, people are affording it on higher interest rates. Real wages are not going up, every single job report for the past like 2 years has been revised down to nil or even a loss in job creation 4-6 months after the report is released. The market cant sustain unless its being juiced by the money printers. Which I will say again is only delaying and worsening the fallout that was never allowed to fully play out after 2009
>>537701621>>537701646>>537701958>afford to purchase>'afford'kekhttps://en.wikipedia.org/wiki/Debt-to-GDP_ratio
>>537702304You can't beat the jew at this game so either play it or stay mad. Likely playing it will lead to staying mad as well but it's not a 0% chance.
>>537702168Shitty build quality has nothing to do with this. FHSA is a Canadian program. The program you are describing is not a mandate, that ended years ago. It's up to the lender now. People are definitely affording it. What you're describing as far as the economy goes affects everything, not just RE, and would lead to spiraling inflation, not deflation. Asset prices soar as FIAT loses value.
