that's a nice looking healthy correction
you have to imagine it will go parabolic once interest rates come down
guys help i put all my savings ($150k) into stocks and crypto and it's gone up 200% since last year while i wasted 10k in rent (if you subtract property taxes) oh wait and all while houses dropped 15% in value so now everyone who bought in the last 1-2 years are underwater tens of thousands of dollars
When you are a flegling small business with zero credit history and few company assets, creditors will often require you to personally cosign loans. I that event you have liability of the company fails. One of the few things they can't go after is your personal residence. So when you are just starting up a new company it makes sense to park a large amount of money in your home as it can shield you from debt obligations if your company fails.
There are going to be 3 rate cuts this year, moron. Your le housing crash isn't coming.
I doubt there will be any significant rate cuts as it will cause massive inflation. They'll probably end up crashing and bailing out commercial real estate as most major banks and boomer pensions have huge exposure to the incoming apocalypse
get fricked landie
my rent is $700 and YOU have to fix it or i withhold rent.
tenant court has a 3 year wait list to btw
how much is your mortgage again?
$0.00 I paid cash for my house, anon. My taxes are $834yr. Get fricked rentoid. The price of my house will continue to go up while you pay someone to live in their house like a betagay.
nice larp
when houses crashes everyone will get one or two!
1 month ago
Anonymous
Just because you are poor doesn't mean everyone is. You can cope all you want about house prices but the simple truth is you got priced out because you have a shit job and no money. I hope you make it with jeetscaminu this bullrun.
>casually ignoring the 2021 dump because it doesn't fit the data's narrative >n=2
anon... really?
1 month ago
Anonymous
but that graph clearly shows the exact opposite of its title
its sell the last hike/first cut and buy the last cut
tho problem is in hindsight its easy to spot the correlation
in real time its very hard to know when its the last/first as the fed is unreliable as can be and regularly goes 180 against its own stated objectives
1 month ago
Anonymous
but that graph clearly shows the exact opposite of its title
its sell the last hike/first cut and buy the last cut
tho problem is in hindsight its easy to spot the correlation
in real time its very hard to know when its the last/first as the fed is unreliable as can be and regularly goes 180 against its own stated objectives
This time is different, it's Joe-on with the safe landing imminent
for every .1 drop in interest rates, hundreds of thousands of home sales.. prices WILL never drop. unless we have an economic collapse, but then we will have bigger issues at hand.
and household income back then was really a single working man in most cases
that's a nice looking healthy correction
you have to imagine it will go parabolic once interest rates come down
boomers are dying off, there is going to be a surplus of homes outside the hottest cities. Will be interesting to see what happens, lots of idiots who bought in 2021 and 2022 are going to be way underwater
>boomers are dying off
And being replaced by trillions of shitigrants that the politicians force in. Population correction will NEVER be allowed to happen.
We’re going a lot lower some buyers over leveraged and bought because of the super low interest rates in hopes of selling for a quick flip
We just have to wait for those to capitulate
In order to reach parity with Boomer conditions, the median house price needs to drop 44% from 2022 highs to around $263,000, assuming household income doesn't change much
You morons don't know how to read charts. This shows the median sale price of NEWLY BUILT homes. It has nothing to do with a decline in existing housing prices. Rather it reflects a trend in the home building industry where builders are producing cheaper houses.
boomer here. my zestimate is actually up YTD. frick off. I own 6 houses in Phoenix Arizona. I will keep raising my rents and if I need to sell I will not sell below peak. prices will continue rising due to demographics. population rising. constantly.
Just bought a home closing in May, honestly saw this coming but I’m extremely satisfied as our backyard is fricking kino compared to similar properties in the area. We will eventually go back up but yeah this thing may keep dropping this year.
Just needs to crash $100k for me to hit my buying price
300k support
I've been saying this since 2021 but holy shit it's taking a long time...
You lose 100% of your rent when you give it to another man to live in his house.
guys help i put all my savings ($150k) into stocks and crypto and it's gone up 200% since last year while i wasted 10k in rent (if you subtract property taxes) oh wait and all while houses dropped 15% in value so now everyone who bought in the last 1-2 years are underwater tens of thousands of dollars
When you are a flegling small business with zero credit history and few company assets, creditors will often require you to personally cosign loans. I that event you have liability of the company fails. One of the few things they can't go after is your personal residence. So when you are just starting up a new company it makes sense to park a large amount of money in your home as it can shield you from debt obligations if your company fails.
I doubt there will be any significant rate cuts as it will cause massive inflation. They'll probably end up crashing and bailing out commercial real estate as most major banks and boomer pensions have huge exposure to the incoming apocalypse
get fricked landie
my rent is $700 and YOU have to fix it or i withhold rent.
tenant court has a 3 year wait list to btw
how much is your mortgage again?
$0.00 I paid cash for my house, anon. My taxes are $834yr. Get fricked rentoid. The price of my house will continue to go up while you pay someone to live in their house like a betagay.
nice larp
when houses crashes everyone will get one or two!
Just because you are poor doesn't mean everyone is. You can cope all you want about house prices but the simple truth is you got priced out because you have a shit job and no money. I hope you make it with jeetscaminu this bullrun.
Paying 500k + other taxes on top of it every year for basic house
Or paying couple hundred every month for the same result
Not a hard decision
and I happily give it to him so I can put more in crypto.
Give me another 30% and I'll start considering it.
that's a nice looking healthy correction
you have to imagine it will go parabolic once interest rates come down
>once interest rates come down
Just 2 more weeks, right?
There are going to be 3 rate cuts this year, moron. Your le housing crash isn't coming.
Plus the massive immigration. Housing market crash isn't happening.
>she thinks rape cups are bullish
HA
>casually ignoring the 2021 dump because it doesn't fit the data's narrative
>n=2
anon... really?
but that graph clearly shows the exact opposite of its title
its sell the last hike/first cut and buy the last cut
tho problem is in hindsight its easy to spot the correlation
in real time its very hard to know when its the last/first as the fed is unreliable as can be and regularly goes 180 against its own stated objectives
This time is different, it's Joe-on with the safe landing imminent
for every .1 drop in interest rates, hundreds of thousands of home sales.. prices WILL never drop. unless we have an economic collapse, but then we will have bigger issues at hand.
Interest rates were 13% in 1985
Massive immigration by them will cause the housing market to skyrocket to the moon.
1brown per square meter?
and household income back then was really a single working man in most cases
boomers are dying off, there is going to be a surplus of homes outside the hottest cities. Will be interesting to see what happens, lots of idiots who bought in 2021 and 2022 are going to be way underwater
>boomers are dying off
And being replaced by trillions of shitigrants that the politicians force in. Population correction will NEVER be allowed to happen.
I kinda feel like any liquidity lubricant sets off this earthquake.
shouldve bought bitfrick
I live in a White, red state desirable area, prices aren't going down.
USA is collapsing get out while you still can unless you feel like getting blown to pieces by a swarm of gov operated $1k drones
Not in my market. I'm up 7.
We’re going a lot lower some buyers over leveraged and bought because of the super low interest rates in hopes of selling for a quick flip
We just have to wait for those to capitulate
In real terms, perhaps. In nominal terms, no fricking way.
In order to reach parity with Boomer conditions, the median house price needs to drop 44% from 2022 highs to around $263,000, assuming household income doesn't change much
What would it take to make this happen?
Delayed deathcoaster or Weimar bulltrap?
You morons don't know how to read charts. This shows the median sale price of NEWLY BUILT homes. It has nothing to do with a decline in existing housing prices. Rather it reflects a trend in the home building industry where builders are producing cheaper houses.
>real estate never goes do- ACK
boomer here. my zestimate is actually up YTD. frick off. I own 6 houses in Phoenix Arizona. I will keep raising my rents and if I need to sell I will not sell below peak. prices will continue rising due to demographics. population rising. constantly.
Small world I own 2 properties in az as well, just bought the 2nd plan to buy another 1 or 2 with my crypto gains but that’s not for awhile
The is a reference to The Big Short. This poster is a stripper for her day job and we all know how that movie ended.
Just bought a home closing in May, honestly saw this coming but I’m extremely satisfied as our backyard is fricking kino compared to similar properties in the area. We will eventually go back up but yeah this thing may keep dropping this year.
2 more weeks rentoids!
its also 14 months closer to needing a new roof
Literal nothingburger.
Still up a 2x from the 2010 bottom.
fr, i've seen more exciting charts out of fricking VINU
i don't get what all the fuzz is about
or maybe i'm just moronic idk
>it looks like the meme graph
i'm getting sick of seeing it everywhere
Crashed or corrected?