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Are home prices finally going to drop
Poast new message in this thread
Date: January 24th, 2022 1:49 AM Author: spruce exciting field boistinker Feels like the worst possible time to buy a house (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836437) |
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Date: January 24th, 2022 11:56 AM Author: coiffed base quadroon if they do drop, the fed will start buying houses to take them off the market, thus increasing prices (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838033) |
Date: January 24th, 2022 1:51 AM Author: boyish sweet tailpipe No. They’ll go up another 10% this year. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836441) |
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Date: January 24th, 2022 1:51 AM Author: spruce exciting field boistinker And then drop 30% in 2023? Why do you think more up |
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Date: January 24th, 2022 1:53 AM Author: boyish sweet tailpipe Population going up. Very few homes being built. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836448) |
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Date: January 24th, 2022 11:55 AM Author: ruddy hell i dont get this simpleton logic. if nobody has money, they'll have to rent in tenements. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838027) |
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Date: January 24th, 2022 11:56 AM Author: rusted splenetic gunner homes will no longer be owned by the people, and hedge funds have plenty of money to buy everything (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838038) |
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Date: January 24th, 2022 11:58 AM Author: ruddy hell that's reasonable and fair speculation. citing a growing population and no new housing being built is just dumb. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838073) |
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Date: January 24th, 2022 12:00 PM Author: rusted splenetic gunner well the other two things are true too
there’s a shortage of about 2-2.5mm houses in the US |
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Date: January 24th, 2022 12:03 PM Author: ruddy hell more population = third world shitimmigrants. they're not buying homes. white population is declining.
what does it even mean for there to be a "shortage" of homes? seems like made up kike economics. |
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Date: January 24th, 2022 12:14 PM Author: rusted splenetic gunner immigrants stinking up cities push MC people out into the suburbs, where there’s a massive shortage of housing
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Date: January 24th, 2022 12:40 PM Author: contagious cheese-eating piazza Investors buy to make money, which comes from rent and appreciation. And they have to come from somewhere. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838408) |
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Date: January 24th, 2022 1:53 AM Author: alcoholic odious blood rage internal respiration no. real estate is probably the only safe asset right now. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836450) |
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Date: January 24th, 2022 2:13 AM Author: costumed pearly site shitlib (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836482) |
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Date: January 24th, 2022 11:57 AM Author: emerald infuriating ladyboy gas station (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838045) |
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Date: January 24th, 2022 8:56 PM Author: Plum self-absorbed school corn cake (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841577) |
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Date: January 24th, 2022 1:56 AM Author: insanely creepy casino 2022 it's going up. Fed is going to raise rates twice at most. MBS tapering might happen, but the first sniff at asset prices falling in an election year, the kike carnival will go into max overdrive and keep inflating the balance sheet. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836451) |
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Date: January 24th, 2022 2:21 AM Author: Fragrant Party Of The First Part cr proles only think about monthly payments
3.5% on $100k financed is like $450/mo whereas at 7% it's like $700/mo |
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Date: January 24th, 2022 2:29 AM Author: cracking hominid tanning salon Nah (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836494) |
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Date: January 24th, 2022 2:31 AM Author: spruce exciting field boistinker FUCKing fuck (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836497) |
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Date: January 24th, 2022 2:42 AM Author: Startling Main People Gaping lol no (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836503) |
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Date: January 24th, 2022 11:41 AM Author: spruce exciting field boistinker (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43837907) |
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Date: January 24th, 2022 11:42 AM Author: Yellow Ceo People need to lose jobs first (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43837915) |
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Date: January 24th, 2022 11:42 AM Author: Turquoise vigorous coffee pot roast beef WTF home prices don't "drop" (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43837918) |
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Date: January 24th, 2022 11:56 AM Author: purple kitty cat based on the MFEs itt I am now confident making the call home prices will drop 25% YoY in 2022 (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838034) |
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Date: January 24th, 2022 11:57 AM Author: Laughsome office dog poop (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838055) |
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Date: January 24th, 2022 12:06 PM Author: puce bossy mother Never again in our lives. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838156) |
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Date: January 24th, 2022 12:19 PM Author: Exhilarant church the way to look at a house, imho, is to view it as locking in a price for the X amount of years. my housing is going to cost X for the duration of my time here. you basically get a second question: can i service this X over that period of time and does the stress of it on money decrease or increase over time.
i don't see prices going down, but only up. that's not bullish. that's terrifying.
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Date: January 24th, 2022 12:37 PM Author: emerald infuriating ladyboy gas station 2008 was an aberration caused due to low underwriting standards and jewish greed. The underwriting problem has been fixed. I think people will run to the safety of real estate. It will do ok. The gang buster appreciation of the last two years is done but I don't see real estate falling. Population continues to grow, albeit slowly. Not enough homes out there. And it is one of the few assets that you can also use while owning, unlike stocks, crypto, or gold. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838382) |
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Date: January 24th, 2022 12:39 PM Author: Fiercely-loyal Jet Dingle Berry Pit (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838394) |
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Date: January 24th, 2022 12:39 PM Author: rusted splenetic gunner if you live in the house it’s not an asset it’s a liability (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838397) |
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Date: January 24th, 2022 12:44 PM Author: impertinent peach locale that's a pretty retarded take, care to explain wtf you mean (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838449) |
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Date: January 24th, 2022 12:47 PM Author: Flickering stead He’s been running this flame for a while. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838476) |
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Date: January 24th, 2022 12:58 PM Author: rusted splenetic gunner ? (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838594) |
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Date: January 24th, 2022 12:47 PM Author: rusted splenetic gunner if you own a home and the tenant pays you enough to cover all costs and little bit of profit, that’s an asset
if you live there and you have to pay for all kinds of monthly costs (plus things like $30k for a new roof, $8k when a tree falls on it, etc) then it’s a liability |
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Date: January 24th, 2022 12:58 PM Author: Thriller orchid center queen of the night So only things that produce positive cash flow are assets? You seem kind of dumb. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838597) |
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Date: January 24th, 2022 1:01 PM Author: rusted splenetic gunner you seem mad, are u mad?
it’s okay to have liabilities, but it’s not okay to lie to yourself and tell yourself that something that has to be paid for constantly is some sort of “asset” |
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Date: January 24th, 2022 4:40 PM Author: Thriller orchid center queen of the night I’m not mad, it’s just a dumb take. If you have 60% equity to your home and can sell it when you want to, that an asset. The mortgage is a liability. It’s not hard. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43840170) |
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Date: January 24th, 2022 8:23 PM Author: rusted splenetic gunner homes are very illiquid. sure in normal good times when you do have a lot of equity you can go through the process and cash out and make money, but it’s a liability until you do
your furnace and roof can go belly up and the market can crash while your in the selling process, leaving you upside down on the property. maybe you even lose your job making it hard or impossible to cover the mortgage
compare with a home you use for rental and all the costs are calculated into the deal. you even have money saved from the rent for contingencies like the roof or furnace, meaning you don’t have to come out of pocket. also , even if the market tanks and you are underwater you still have the tenant to cover all costs so you just ride out the dip and you don’t have to lose or sell the home |
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Date: January 24th, 2022 12:59 PM Author: Sexy Nighttime Persian am i permitted to sell or mortgage my house in this universe? (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838606) |
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Date: January 24th, 2022 1:01 PM Author: rusted splenetic gunner what do you mean? (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838625) |
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Date: January 24th, 2022 4:41 PM Author: Sexy Nighttime Persian i mean if i can sell my "liability" for net dollars, perhaps even enough to provide me significant other goods or services in what way is that "liability" not an asset? (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43840176) |
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Date: January 24th, 2022 8:27 PM Author: rusted splenetic gunner if you own it outright of course it’s less of a liability than someone with a mortgage. but it is still something that you need to continue to pay for (even if only taxes, insurance, utilities, and maintenance) therefore it’s a liability
and of course you could sell it but the lack of liquidity with homes is a major issue. on average it takes about 70 days to sell a home in the US, but the average home price is like $300k. if you own something more expensive it could easily be twice that or more, and that’s in a normal market. get caught in some crisis or price dip and you could be fucked if you lose your job or someone in the family gets sick etc |
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Date: January 24th, 2022 8:31 PM Author: spruce exciting field boistinker https://fred.stlouisfed.org/series/MSPUS Median sale price is over $400k |
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Date: January 24th, 2022 8:38 PM Author: rusted splenetic gunner sorry, I’m using 6 month old data Lmao (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841448) |
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Date: January 24th, 2022 12:39 PM Author: Thriller orchid center queen of the night I dunno but am signing a purchase agreement on new construction this week, so here we goooooooooo (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838400) |
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Date: January 24th, 2022 12:39 PM Author: Cordovan swashbuckling institution Lol (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838401) |
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Date: January 24th, 2022 12:51 PM Author: Floppy Out-of-control Indirect Expression Resort Yeah it will crash, just keep waiting I’m sure you’ll be able to snatch up a great deal in five years (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838524) |
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Date: January 24th, 2022 12:53 PM Author: Twinkling really tough guy homes are basically lines of code that you can live in and they keep you warm (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838549) |
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Date: January 24th, 2022 7:52 PM Author: Floppy Out-of-control Indirect Expression Resort homes completely suck though because home ownership is recorded in a centralized ledger rather than a distributed blockchain ledger (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841214) |
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Date: January 24th, 2022 8:29 PM Author: white hateful alpha Are you suggesting that I learn construction? (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841395) |
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Date: January 24th, 2022 12:54 PM Author: Chest-beating boltzmann locus lmao (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838551) |
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Date: January 24th, 2022 12:58 PM Author: Sexy Nighttime Persian (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838599) |
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Date: January 24th, 2022 7:25 PM Author: spruce exciting field boistinker come on, man! (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841132) |
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Date: January 24th, 2022 7:27 PM Author: sick bipolar stage (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841136) |
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Date: January 24th, 2022 8:56 PM Author: Plum self-absorbed school corn cake (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841579) |
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Date: January 24th, 2022 8:26 PM Author: carmine shrine Six months ago you would've said anyone buying in that market was an idiot because it was just a post-COVID mad house.
Those folks got a 20% discount as compared to what you'd pay now... |
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Date: January 24th, 2022 8:29 PM Author: spruce exciting field boistinker please kill me I'm going to have to pay 7 figures to live next to some multi generational family with three 25 year old Chevy Tahoes in the driveway How the fuck do all these poor immigrants afford to live here |
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Date: January 24th, 2022 8:31 PM Author: white hateful alpha No property taxes for them in CA Every prole Mexican family in the Bay Area has a higher net worth than 90% of poasters |
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Date: January 24th, 2022 8:33 PM Author: spruce exciting field boistinker Can't believe i have to work my fucking ass off and be house poor for the privilege of having my kids not be in a classroom with 50% English learners (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841416) |
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Date: January 24th, 2022 8:49 PM Author: irradiated wrinkle Depends on long bond yields, imo. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841524) |
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Date: January 24th, 2022 8:55 PM Author: contagious cheese-eating piazza Not without an external economic shock. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841575) |
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Date: February 28th, 2022 12:45 AM Author: spruce exciting field boistinker How about now (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#44051005) |
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Date: February 28th, 2022 1:02 AM Author: contagious cheese-eating piazza There weren't many prospective Russian buyers in my area. (http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#44051077) |