If you don't buy a house now, you're going to be screwed. You have to realize that as long as home values climb faster than mortgage rates, mortgage rates will keep climbing. Get on the property ladder or get left behind as it is pulled up.
>>544086584Home values are decreasing though
>>544086584You are too retarded to understand wealth distributions and the limit of the human lifespan. Sub-5% mortgages may not come but you can bet your ass 20% price drops on home values are in the works ;D.Fact is if everyone who can afford your castle dies at the same time then your offspring are going to have to make some concessions on price.
Black Americans are getting ahead
>>544086584Ah, banker trying to induce FOMO buying to save their asses. I see I see.
>>544086658In some overpriced metros like Denver, parts of LA, and other places. But mine's up $100k in the past year. I've been in it for 7 years and bought it brand new for $270k. It just appraised for $450k.
>>544086584t. Realtor™
>>544086866>I love the government increasing my property taxes!
>>544086780>bet your ass 20% price drops on home values are in the worksThis is a zoomer fever dream. If US housing prices dropped 20% the world's economy would crater for a decade. Which means you still wouldn't be able to afford a house anyway because you'll be living hand to mouth trying to scrape by in a Great Depression scenario.>>544086918I said "appraised". As in an appraiser determined its value. Not an assessment which is how the government calculates your taxes. But I live in a sane, solid Red State and our property taxes are capped. Mine have gone up. But it's still only $1400 per year.
>>544086584Lmao not falling for it boomer
>>544086989>If US housing prices dropped 20% the world's economy would crater for a decadeA gradual 20% decline over several years could be absorbed without a global depression, that is what everyone is talking about. Not another 2008 scenario.
>>544087126Based Kim
>>544087130Ok. That's also not going to happen. It won't be allowed to happen in the US. Even that scenario would fuck banks beyond repair. And they absolutely will not allow banks to face that sort of problem.
>>544087126He had had enough of that shit.
>>544086658Depends on the market and who is selling. Builders have to sell, so in areas where there are a lot of builders throwing up developments (Austin, Florida), house prices are decreasing because they can’t sit on homes the same way a single home buyer can. Plus, they do rate buydowns to incentivize the purchase. That said, in areas where there is not a lot of building happening, home prices are flat or rising. People are sitting in their homes because they’re rate-locked at 2% or because they don’t want to cut and they can afford to sit. That market isn’t moving substantially downward at all.
>>544086780Right now it's 'buy whatever you can' because the money you have is losing value and down payments will only be affordable by selling another house, being in tech, or owning your own business.Housing has stayed relatively stable vs gold over the last 100 years, it's not going to get cheaper.Interest rate adjustments will mitigate any savings from price declines in your wishful scenario.In a HCOLA during the 06-08 crash many folks were waiting for 2000 level pricing to come back, never did....plateaued, then went back to rising.We gotta boot about 100m people and hang the criminal mob controlling policy if we want normalcy, and then it will only be for the later generations.
>>544086989The boomers own 51% of private homes in the US. Many owning multiple. A lot of them convertd into Air BNBs which are actually starting to lose them money now(market got flooded.) The remainder are rental properties or vacation homes.That generation is set to expire all within a 10 year span. They are already starting to expire but within the next 10 years it will accelerate greatly. Never before in history has one generation of people owned so much money. And specifically an old generation of people. A group of people who actually arent actively working. Its not hard to do the math. You think the indian H1bs they bring in are going to buy up all of the boomer mansions? You are high off your ass. The only reason they can afford those properties is return on investment in the strongest stock market in history and the fact that they got them for a can of peanuts 20-30 years ago. So who is going to bail out the boomers? Who is giong to purchase their homes? When will they be able to downsize and cash in on their investments? The answer is never. No one has the money to purchase their bag at the price they think its worth. Because they are still pricing things based on the notion that the boomers will never die and this generational party goes on forever.What do you think will occur when they die? When the properties need to be sold or maintained?
>>544087384Blackrock to the rescue!
>>544086658I sure as shit in the sewers don't value homes as much as I used to.Who needs 10 rooms and neighbours when all you really need is 3 rooms and nobody around for miles?Maybe even 3 rooms in a house far off the beaten path, the kind that wouldn't even get noticed by drones.
>>544087509Not this time. Limited to 350 properties per investment group. No way to create multiple groups either to get around the rule. Blackrock is actively getting rid of its private homes now as they legally are not allowed to purchase anymore. The only loophole is if you are a home builder then you are allowed to exceed 350 units of inventory. This was passed by the seneate and congress and is now law. Private homes are not investment properties for big business. Building homes can be but then you are actively adding inventory which you know balances that suplly and demand thing. The boomers need to find someone with a paycheck to buy their houses. Tech bros who make 200k+ are not interested in their shitty homes either nor are there enough fo them to buy every home.https://www.lw.com/en/insights/21st-century-road-to-housing-act-becomes-law
There won't be a massive selloff because homes are on fixed rate mortgages now, not RNG. We would have to wait for a massive boomer die-off.
>>544087664One of the few good things this administration has done
>>544087743There were roughly 77 million Boomers in 2011. Projection estimates about 60 million remaining in 2030, while by 2060 only ~2.4 million will remain, all age 96+.2035–2045: probably the heart of the Boomer mortality wave, because huge portions of the generation are then in their late 70s through late 90s.
>>544086584>hold my bags please take them srsly just get a mortgage and take this oversized leaky moldy shitbox off my hands plz bro i swear this roof and hvac have at least another ten years before you're going to have to drop 50k to replace them
>>544086584You can lower demand for houses and raise wages both by ending H1B.
>Just buy at the peak of the bubble goy>You dont want to miss out do you?Not today Rabbi
>>544088204I love how gen x are just straight up considered boomers now due to their puasy ass retarded ass behavior.
>>544086784>6.625Holy shit. Zoomers are retarded
>>544088573I fucking hate pluto in virgo man.Pluto in Libra is the drizzling shits too. "Well when you weigh it all up the bad isn't that awful""Hey you should stop doing so much good, it's too much yin we need a balanced world ok"Then you got Pluto in Scorpio which takes that whole "let's have their cake and eat it" from the boomers and throws it at the wall in thermonuclear race war against the devil and his Jewish demons.Pluto in Scorpio are the births from September 1993 to somewhere in 2008 btw.Meaning everyone on /pol/ who ever participated in any infowar is one of the aforementioned, and most enjoyers are in the last-mentioned group.The end is very neigh because following Scorpio is Sagittarius and Pluto in Sagittarius always has a passion for finding the leaders who raped the world and torturing them in public view, killing anyone who tries to stop them.Every time.
>>544086584>mortgage rates will keep climbingTHIS IS SUCH BULLSHITFUCK YOU KIKEJust because you want people to prop up you BLACKROCK Jew bullshit No market rises forever it's not feasible No currency continually inflated by Jews printing money lasts forever Get fucked
>>544086784>350k house 100% financed at 6.65>60k truck at 15%>another 60k truck at 15%This is not going to end well.
>>544086584I'd rather be a hobo and contribute to nothing. Boomer's houses are a mess of dangerously old wiring and rotting lumber besides. There are so many better ways to live.
>>544088623A 30 year is 7.5 now. Those negros did good
>>544086658Said no one.
>>544087184Everyone born 1990 and later has been living under economic depression conditions their entire adult lives. Prices will likely drop overnight as more and more boomers die off and an "economic collapse " will happen. But it won't be a collapse. It will be just an exposure.
>>544087347Ah yes, the classic Trend cope. Trends change when major things happen like let's say a huge die off of a large generation with a smaller subsequent next 3 generations, your demand has now dropped and supply is up.
>>544086989>If US housing prices dropped 20% the world's economy would crater for a decade. Yep. And it's going to happen no matter what. The best thing to do would let it correct itself naturally, and then start first time homebuyer programs. Trying to prop up insane prices indefinitely is going to end in catastrophe.
>>544086680What? Boomers are supposed to just buy the "single family homes" and chill. You want them to buy the voo and chill? I'm telling Israel on you.
>>544092481They should split loan rate into two groups: the ones that have a home or enough wealth to afford a home in assets, and those that don't have. The leveraged ones that own alot: should pay higher rates as they contribute stress to this environment. The ones that don't shouldn't have to be punished for being too poor to leverage wealth while the ones that donleaveage their wealth to aquire more limited required resources to further increase the price and further punch down those that didn't inherit anything when their family died. >Well that's the families fault!!Nigger, a single car accident or lawsuit can steal everything your parents ever created. It doesn't even have to be their fault.
Hey Boomer, I know YOU bought a house for a retarded amount of money under the presumption that it will keep accruing value and you can sell it for even more retarded money later, AND I know you've been trying to do that for at least a year now, have reduced the price twice and yet, nobody is buying it because nobody can afford it. I hope you get nothing and that the transfer of ownership happens when, during the upcoming SHTF someone shoots you and simply claims your house by right of conquest.
>>544086584I've earned 5 new properties just squatting until I have legal right to claim. It's like camping, but I sell the forest after I leave.Remember: Stupid laws are for smart people to take advantage of. Be the kike.
>>544086784>Black Americans are getting aheadThis winter the american 30 year mortgage will reach 10%. America is going to extend its remaining time before bankruptcy by plundering all its allies. Britain is likely to be the first european country that declares bankruptcy. Britain will never recover after that. France and Italy are two other contenders for the first to be bankrupt but Britain is leading the pack. The reason that EU constantly destroys Europe with retarded decisions is becasue the EU leadership as well as national european governments are controlled by America and american NGOs. The traitors call themselves "atlanticists". Even if they are aware that they are traitors, they dont care, because they are handsomely compensated. F.ex Tony Blair became a multi millionarie trough his treason. The latest EU retardedness is banning all russian energy imports from january 1st 2027, leaving America as the only source of european LNG. This enables America to extract insane amounts of money from Europe, delaying the coming bankruptcy of America itself. America can never default nominally, but it can default measured in value by debasing the dollar to next to nothing, leaving all the foreigners holding american bonds with useless paper. This would also lead to the dollar being abandoned like a red hot potato, removing about 12% of American GNP overnight, as well as killing the dollar as a global currency. Post dollar collapse America will be a raw material and scrap exporting economy.
>>544087126If he had tossed meatballs with laxatives into his neighbours apartment, the dog would have shit all over their floors, and they would have tossed it out, not being aware that they were set up.
>>544087184>Ok. That's also not going to happen. It won't be allowed to happen in the US. Even that scenario would fuck banks beyond repair. And they absolutely will not allow banks to face that sort of problem."They" cant do whatever they want because then they wont be able to reroll their bonds at low rates. The war against Iran has crippled the oil-dollar engine. If Iran keeps pushing, and the gulf arabs have to start selling off their bonds to finance their imports, then the biggest suckers in the world just disappeared from Uncle Scams bond bazaar and stock market casino. The US federal government is running with a 2 000 billion dollar deficit, America is running with a 1200 billion dollar trade deficit, all that is covered by foreigners, especially oil negroes, buying american paper with their dollars. This winter will see record high prices for energy and food. This generally forces rising central bank rates, in a situation where bond rates have been rising non stop for a year. This means even higher bond rates meaning that there is a clear risk of a debt death spiral starting in multiple governments across the world at the same time, and not just third world shitholes but big brand name economies like America, United Kangdom, France, Japan, Italy, etc etc. Once the first big western government goes into default, rates will automatically jump for all the rest, which will push more governments into default. A totally imploded real estate market means nothing in such a scenario. Its a microproblem in comparision. The real problem in America, UK, France etc will be how to handle a Soviet Union tier collapse. I would not be surprised if America just cuts and run, leaving their forward positioning shit to just rust.
>>544088837>This is not going to end well.For them.
>>544087384>What do you think will occur when they die? When the properties need to be sold or maintained?Boomers are picking up reverse mortages, so when they die, the bank takes the property. Reverse mortgage financial "engineering" has been exported abroad so this is happening in Europe too. This idea is based on the concept that "number always goes up" but if property values start to drop, then the boomers who have reverse mortgages are now underwater, and their property will be sold out under their feet while they are still alive so that the bank can recover some money. The boomer will then have his other properties like cars and valuables seized and sold, and if that isnt enough to cover the reverse mortgage, then his pension will also be garnished.
>>544094900>checkedFor anyone, those niggers didn't have anything to lose anyway. The people that have to eat the asset devaluation (us) for kikes are the ones that lose.
>>544087664>No way to create multiple groups either to get around the rule.I seriously doubt that unless they ban foreign ownership of real estate companies.
>>544086584I'll probably buy some more houses to rent to the kids waiting for the 20% price drop.
>>544088623over 800 goyscore with 20% down and max point buy downs will get you to 7.00% today
>>544086784Blacks post that shit and can't comprehend why other races don't want them as neighbors.
When prices go down requirements go up, banks wont lend if there is a chance you could foreclose so goylennials will still be renting unless they can foot 50% down, first time buyer insurance kek
>>544086784They use NIGGA loans (no income, guaranteed government assistance) kek
Rates should be at 20% however and home prices should collapse. There also needs to be hyper re-migration.
>>544086704>>544086726>>544086740what is with the weird seasonal oscillations in the prices?I can imagine winteroids trying to fuck each other over during the summer months but california has it tooonly florida doesn't
>>544086784That shit has already been repoed most likley.
>>544086784The first mortgage payment will put them in the hole, and the cars are probably rentals for the flex.If this is real, they're niggers so their lives are subsidized by EBT and HUD.
>>544098355Also forgot to add that niggers have the advantage of being able to live around niggers, so they can buy in markets where the land value bottomed out already
>>544096078First time buyer insurance is capped at 20% down. Regardless I need someone to explain to me what talmudic likely requires mortgage insurance on a FEDERALLY BACKED LOAN
