Rates are 7%. Why won't housing crash?

Rates are 7%. Why won't housing crash?

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  1. 2 months ago
    Anonymous

    Boomers must have bigger numbers in their accounts than the young so when they die blackrock can have those numbers simple as

  2. 2 months ago
    Anonymous

    too many people with 2-3% that are trapped

    • 2 months ago
      Anonymous

      yeah I'm at 2.25% and I'm pretty much just going to ride this out without even putting in annual extra payments

    • 2 months ago
      Anonymous

      >trapped
      who, the bank? I have my payments for the next 10 years stacked in a 5% interest account

  3. 2 months ago
    Anonymous

    Because everyone is too broke to afford these insane principals at these insane rates. Once rates go down is when the fun starts.

    • 2 months ago
      Anonymous

      You're predicting a housing crash when rates go down?

      • 2 months ago
        Anonymous

        Yes. There may be an initial bounce in value, but the lack of liquidity is why nothing is moving.

        • 2 months ago
          Anonymous

          >I'm priced out
          Okay.

      • 2 months ago
        Anonymous

        Yes. There may be an initial bounce in value, but the lack of liquidity is why nothing is moving.

        You guys are both going to love what happens when they lower rates and the bond market sells off and immediately gives us higher interest rates and people panic.
        t. Fixed income securities virgin

      • 2 months ago
        Anonymous

        how do vial accidents work?
        crashes happen even at 20mph

        • 2 months ago
          Anonymous

          >how do vial accidents work?

          due to ppl being stupid, that the only reason

          • 2 months ago
            Anonymous

            It was rethorical, you fricking piece of shit

          • 2 months ago
            Anonymous

            I think that anon was Monkey see question monkey answers stupid.

            that or autistic.

    • 2 months ago
      Anonymous

      >everyone is too broke
      No they aren't. If nobody were buying prices would have already dropped. The prices are where they're at exactly because people are buying, to the point where demand is outpacing supply. That's the fundamental explanation why prices are still high: There aren't enough houses. The people who want houses have to compete against each other and bid a high enough amount to come out on top and secure one of the limited number of houses available.

      • 2 months ago
        Anonymous

        >The prices are where they're at exactly because people are buying, to the point where demand is outpacing supply
        Sure thing pal. "Demand" isn't actually just deliberate supply destruction via 10k illegals flooding in daily, zoning restrictions, and tightened building permits.

        Man, the liberal-progressive journalists that are even now admitting the economy is dogshit should come to IQfy and stop spreading misinformation. Literally every economic indicator and 2 functioning eyeballs suggest that everyone is in fact broke, but these so called financial experts should just come to IQfy dot org to get a superior news source.

        • 2 months ago
          Anonymous

          How would immigrants being part of the competing demand disagree with what I said? Yeah, if you have many extra people trying to buy a house then demand will outpace supply. Which is what I already said. Plenty of people are buying, even now, to the point where prices are still increasing.

          • 2 months ago
            Anonymous

            Because you're denying that young Americans are broke and painting an image that omits the reasons why supply/demand is so fricked. It's not so much that "people" are buying, but select few asset management hedge funds like Blackrock that are slurping up every unit that gets listed, paying way above asking price. Said hedgies also place their useful idiot green policy leftists with their DEI programs who all create laws and policies that restrict new land developments. If it were some supply/demand thing, housing will deflate bigly from the free market finding efficiency.

          • 2 months ago
            Anonymous

            Really no incentive for asset managers not to. They can turn around and dump any risk onto the fed balance sheet. 30% of mortgages are now held directly by the fed. No reason not to write risky loans with a guaranteed government backstop.

            I think we know how this all resolves, everyone will be made poor. Bitcoin will perform probably better than RE in this environment

      • 2 months ago
        Anonymous

        Prices are high even with rates being 7%

        Imagine if rates were still 3-4%

      • 2 months ago
        Anonymous

        The rich and the stupid are buying
        The rich are buying so they can rent to the unwashed masses
        The stupid are buying because the banks are desperate to keep the ball rolling

      • 2 months ago
        Anonymous

        You get like 10 Indians all chipping in to rent a tiny basement in canada

      • 2 months ago
        Anonymous

        >If nobody were buying prices would have already dropped.
        Oh you sweet summer child. You have lots to learn.

    • 2 months ago
      Anonymous

      >Once rates go down is when the fun starts.
      Correct. Rates to price ratio has shown time and time again that as rates begin to go lower, prices follow suit (they drop).
      It happens every time.

      • 2 months ago
        Anonymous

        That's because rate cuts have typically been due to crisis that prevents people from buying things. When the crisis doesn't impact people's ability to buy houses (covid) and rates drop, prices spike.

      • 2 months ago
        Anonymous

        That's because rate cuts have typically been due to crisis that prevents people from buying things. When the crisis doesn't impact people's ability to buy houses (covid) and rates drop, prices spike.

        Could it be that markets have just become way too future-looking? The market has been pricig in the fed lowering rates since last year. The fed doesn't want to lower them with the markets this pumped, they prefer to start printing once the market has crashed.

        These are the scenarios that could happen this year

        >The FED lowers rates 3 times as they promised and timulates the markets even more
        This would stop the lowering of inflation but would give consumers the liquidity they need to start spending and hopefully saving
        >The FED doesn't lower rates and lets the market crash on the news
        This would lower inflation but would stop the economy and unemployment would rise. The government would have to spend more with expensive debt to control unemployment. This is unlikely to happen in my opinion.
        >The FED goes ultra-hawkish and raises rates as a prostate exam middle finger
        Unemployment skyrockets and markets crash like crazy. I think this has less than 1% chance of happening.

        For now, the FED just wants to lower rates at a slow pace for a soft landing. The issue is that markets have low trust on the dollar it seems. People and companies prefer to have their dollars on equity to protect them against the defacing of the dollar and other currencies around the world. Have the central banks lost the battle to consumers? Only time will show.

        • 2 months ago
          Anonymous

          The fed will do everything in their power to prevent house prices from dropping. It will take a miscalculation, likely from an external source to cause this. Their rate decisions will not be what moves the needle down, and they would prefer to error on the side of inflation.

          • 2 months ago
            Anonymous

            >they would prefer to error on the side of inflation
            Lately they've prioritized inflation. This is why they have pushed back the rate lowering.

  4. 2 months ago
    Anonymous

    >"RATES ARE 7%. WHY WON'T HOUSING CRASH?"
    >picrel, is you

    Because mortgages are harder to get and people are able to pay it, very easily.

    • 2 months ago
      Anonymous

      >Because mortgages are harder to get
      My cousin working min wage with a husband with terrible credit got one for a 200k trailer. What the frick are you smoking?

      • 2 months ago
        Anonymous

        >Me: Talk about reality of todays housing market conditions
        >You: "LOL BUT WHAT ABOUT MY ANECDOTE ON THIS LOW VALUE MOBILE HOME! HUH WHAT ABOUT THAT IDIOT?!"
        Oh you got me there. You must be so smart out of all your inbred cousins/brothers.

        • 2 months ago
          Anonymous

          Dude my family was like "bro just move". My brother in Christ, homes in the ghetto are going for $300k+.

          • 2 months ago
            Anonymous

            >homes in the ghetto are going for $300k+.

            >average homes are ghetto based on this anon

          • 2 months ago
            Anonymous

            Do you realize how shitty the average American town is? Maybe you accept mediocrity but I want more for my family. I'd rather spend every weekend with a drill in my hand fixing something in my house instead of buying turnkey in a place where my kids need to mingle with shit heads.

          • 2 months ago
            Anonymous

            I don't know why you're getting overly emotional and upset. All I am pointing to you is facts.
            You said ghetto houses are for over 300k, I showed that's not true an median house is around 380k is around that range. You can cry your standards are much higher, that's fine, but let's not pretend you weren't implying that housing is so unafforable, you couldn't even get a ghetto house which was around 300k+.

      • 2 months ago
        Anonymous

        Banks don't issue mortgages for manufactured homes

        • 2 months ago
          Anonymous

          Bullshit you uninformed moron.

        • 2 months ago
          Anonymous

          You are dumb!

  5. 2 months ago
    Anonymous

    I've been following Truflation for a long time now and nothing scares me
    Nor inflation rate nor housing prices

  6. 2 months ago
    Anonymous

    lowest supply on record, says right in the screen shot

  7. 2 months ago
    Anonymous

    my house is at 2.6% and I am never selling, at that rate it would be better to rent if I ever have to move.

    many such cases

    • 2 months ago
      Anonymous

      sell and live in cruisers
      way better to do it, have some vacation and dedicate fully to crapto

  8. 2 months ago
    Anonymous

    Everyone is tipping the government 20% so they don't spit in their homes.

  9. 2 months ago
    Anonymous

    If you are a truflation devotee this is not news to us, all is going according to predictions, we been warning you for a while now.

    • 2 months ago
      Anonymous

      >all is going according to predictions

      • 2 months ago
        Anonymous

        If you are a truflation devotee this is not news to us, all is going according to predictions, we been warning you for a while now.

        based anon quote

      • 2 months ago
        Anonymous

        My body is ready for the future

  10. 2 months ago
    Anonymous

    biden´s holding it
    he's out, everything is out
    mark my words

  11. 2 months ago
    Anonymous

    Rates won't do anything about the 18 quintrillion brown people your overlords flood the west with. Idk why people even look at economic data when such an obvious supply/demand inventory problem is staring you in the face. Boomers will literally go insane if their houses don't go up 15% annually

    • 2 months ago
      Anonymous

      gtfu israelite

      • 2 months ago
        Anonymous

        >jews are anti immigration and pro cheap housing
        Yeah the sky is green and the grass is blue.

    • 2 months ago
      Anonymous

      This is the answer right here. They can’t print endless money anymore so they opened the borders

  12. 2 months ago
    Anonymous

    Because God is on her side. She is blessed

  13. 2 months ago
    Anonymous

    I'm about to buy a $450 fixer upper in CT shoreline. I'll probably since $20k in the next 5 years. I'll be laying $3600/mo
    >Mfw

    • 2 months ago
      Anonymous

      At least it's on the shore

      • 2 months ago
        Anonymous

        Yes, fair point. I will be able to dump my bags on city homosexuals from NY and MA when they flee the cities in 19 years.

    • 2 months ago
      Anonymous

      I can save her

  14. 2 months ago
    Anonymous

    Most of those buying the houses don't care about the interest rate.

  15. 2 months ago
    Anonymous

    >Rates go down
    >Border goes up

    Simple as.

    • 2 months ago
      Anonymous

      These beautiful people are only searching for a better life.

  16. 2 months ago
    Anonymous

    House prices are going to heat up all year.

  17. 2 months ago
    Anonymous

    [...]

    >Housing won't crash just because you want it to, little boys
    Yes it will
    All those mcmansions are sitting empty
    When the masses wake up to it there will be something worse than the French revolution

    • 2 months ago
      Anonymous

      >Yes it will
      No it won't grow up

      • 2 months ago
        Anonymous

        Oh it will
        Do you think 2008 was just once?

        • 2 months ago
          Anonymous

          Completely different low IQ anon

  18. 2 months ago
    Anonymous

    >bidenomics

    Having a job is risk mitigation, chud!

  19. 2 months ago
    Anonymous

    [...]

    my crypto and stocks all mooned 2-10x while your 10x over leveraged loan dropped 15%

  20. 2 months ago
    Anonymous

    There wouldn't be a crash. Population will keep growing. Its supply and demand.

    • 2 months ago
      Anonymous

      >Its supply and demand.
      >Its not like the supply is being manipulated or something silly like that so people can be held hostage to banks for the next eternity

  21. 2 months ago
    Anonymous
  22. 2 months ago
    Anonymous

    every homeowner in america termed out their debt and refinanced at 2.5% for 30 years and will never sell if it means breaking that mortgage and trading into a new place at 7%. So despite demand obviously falling as affordability slips away, supply has fallen even harder such that prices are moving higher

    thats why homebuilders are crushing it too despite the rate environment - they're the only game in town if you're looking for a home today

  23. 2 months ago
    Anonymous

    The cost to build that house is far more. How can it go down then?
    t.construction gay

  24. 2 months ago
    Anonymous

    [...]

    >cash deals
    Kys
    Cash doesn't do shit except a bunch of boomer brainwashed morons shit eating grins as they get fleeced for 600k of their capital they could have held onto and lived homeless instead of buying a "home"

  25. 2 months ago
    Anonymous

    Everyone who wants to sell is just renting out their place until rates drop. They know central banks are lying about trying to beat inflation, and the third worlders being imported keep the rent market afloat.

  26. 2 months ago
    Anonymous

    Cause no one is selling, they're renting until rates go down again, and the migrants are making this huge boost in rental properties possible.

  27. 2 months ago
    Anonymous

    You don't get crashes without forced sellers

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