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Are home prices finally going to drop

Feels like the worst possible time to buy a house
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  01/24/22
if they do drop, the fed will start buying houses to take th...
insanely creepy filthpig
  01/24/22
No. They’ll go up another 10% this year.
Comical ungodly church building
  01/24/22
And then drop 30% in 2023? Why do you think more up
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  01/24/22
Population going up. Very few homes being built.
Comical ungodly church building
  01/24/22
i dont get this simpleton logic. if nobody has money, they'l...
Concupiscible tan trump supporter puppy
  01/24/22
homes will no longer be owned by the people, and hedge funds...
Deranged mischievous field
  01/24/22
that's reasonable and fair speculation. citing a growing pop...
Concupiscible tan trump supporter puppy
  01/24/22
well the other two things are true too there’s a sh...
Deranged mischievous field
  01/24/22
more population = third world shitimmigrants. they're not bu...
Concupiscible tan trump supporter puppy
  01/24/22
immigrants stinking up cities push MC people out into the su...
Deranged mischievous field
  01/24/22
Investors buy to make money, which comes from rent and appre...
Onyx foreskin heaven
  01/24/22
no. real estate is probably the only safe asset right now.
soggy hall toaster
  01/24/22
...
Flickering rusted idea he suggested ticket booth
  01/24/22
...
big-titted exhilarant love of her life genital piercing
  01/24/22
...
Motley Space Gaping
  01/24/22
2022 it's going up. Fed is going to raise rates twice at mos...
Offensive french chef faggot firefighter
  01/24/22
cr proles only think about monthly payments 3.5% on $100k...
arousing dun organic girlfriend
  01/24/22
Nah
Glittery meetinghouse potus
  01/24/22
FUCKing fuck
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  01/24/22
lol no
Plum Alpha
  01/24/22
...
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  01/24/22
People need to lose jobs first
avocado talented trailer park mad cow disease
  01/24/22
WTF home prices don't "drop"
irradiated red party of the first part address
  01/24/22
based on the MFEs itt I am now confident making the call hom...
citrine lay stain
  01/24/22
...
Claret state gay wizard
  01/24/22
Never again in our lives.
Lime Massive New Version Dilemma
  01/24/22
the way to look at a house, imho, is to view it as locking i...
Boyish bawdyhouse giraffe
  01/24/22
2008 was an aberration caused due to low underwriting standa...
big-titted exhilarant love of her life genital piercing
  01/24/22
...
seedy casino nibblets
  01/24/22
if you live in the house it’s not an asset it’s ...
Deranged mischievous field
  01/24/22
that's a pretty retarded take, care to explain wtf you mean
peach piazza trust fund
  01/24/22
He’s been running this flame for a while.
Excitant Fluffy Ceo
  01/24/22
?
Deranged mischievous field
  01/24/22
if you own a home and the tenant pays you enough to cover al...
Deranged mischievous field
  01/24/22
So only things that produce positive cash flow are assets? Y...
obsidian maniacal dysfunction deer antler
  01/24/22
you seem mad, are u mad? it’s okay to have liabilit...
Deranged mischievous field
  01/24/22
I’m not mad, it’s just a dumb take. If you have ...
obsidian maniacal dysfunction deer antler
  01/24/22
homes are very illiquid. sure in normal good times when you ...
Deranged mischievous field
  01/24/22
am i permitted to sell or mortgage my house in this universe...
beady-eyed poppy hospital
  01/24/22
what do you mean?
Deranged mischievous field
  01/24/22
i mean if i can sell my "liability" for net dollar...
beady-eyed poppy hospital
  01/24/22
if you own it outright of course it’s less of a liabil...
Deranged mischievous field
  01/24/22
https://fred.stlouisfed.org/series/MSPUS Median sale price ...
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  01/24/22
sorry, I’m using 6 month old data Lmao
Deranged mischievous field
  01/24/22
I dunno but am signing a purchase agreement on new construct...
obsidian maniacal dysfunction deer antler
  01/24/22
Lol
clear startled forum becky
  01/24/22
Yeah it will crash, just keep waiting I’m sure you&rsq...
Demanding Lascivious School
  01/24/22
homes are basically lines of code that you can live in and t...
Harsh Orchestra Pit
  01/24/22
homes completely suck though because home ownership is recor...
Demanding Lascivious School
  01/24/22
Are you suggesting that I learn construction?
brass floppy hell
  01/24/22
lmao
crystalline round eye dragon
  01/24/22
...
beady-eyed poppy hospital
  01/24/22
come on, man!
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  01/24/22
...
contagious walnut stage
  01/24/22
...
Motley Space Gaping
  01/24/22
Six months ago you would've said anyone buying in that marke...
vivacious main people
  01/24/22
please kill me I'm going to have to pay 7 figures to live n...
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  01/24/22
No property taxes for them in CA Every prole Mexican family...
brass floppy hell
  01/24/22
Can't believe i have to work my fucking ass off and be house...
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  01/24/22
Depends on long bond yields, imo.
anal appetizing pit goal in life
  01/24/22
Not without an external economic shock.
Onyx foreskin heaven
  01/24/22
How about now
Up-to-no-good Sapphire Corner International Law Enforcement Agency
  02/28/22
There weren't many prospective Russian buyers in my area.
Onyx foreskin heaven
  02/28/22


Poast new message in this thread



Reply Favorite

Date: January 24th, 2022 1:49 AM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency

Feels like the worst possible time to buy a house

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836437)



Reply Favorite

Date: January 24th, 2022 11:56 AM
Author: insanely creepy filthpig

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)



Reply Favorite

Date: January 24th, 2022 1:51 AM
Author: Comical ungodly church building

No. They’ll go up another 10% this year.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836441)



Reply Favorite

Date: January 24th, 2022 1:51 AM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency

And then drop 30% in 2023?

Why do you think more up

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836443)



Reply Favorite

Date: January 24th, 2022 1:53 AM
Author: Comical ungodly church building

Population going up. Very few homes being built.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836448)



Reply Favorite

Date: January 24th, 2022 11:55 AM
Author: Concupiscible tan trump supporter puppy

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)



Reply Favorite

Date: January 24th, 2022 11:56 AM
Author: Deranged mischievous field

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)



Reply Favorite

Date: January 24th, 2022 11:58 AM
Author: Concupiscible tan trump supporter puppy

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)



Reply Favorite

Date: January 24th, 2022 12:00 PM
Author: Deranged mischievous field

well the other two things are true too

there’s a shortage of about 2-2.5mm houses in the US

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838085)



Reply Favorite

Date: January 24th, 2022 12:03 PM
Author: Concupiscible tan trump supporter puppy

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.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838121)



Reply Favorite

Date: January 24th, 2022 12:14 PM
Author: Deranged mischievous field

immigrants stinking up cities push MC people out into the suburbs, where there’s a massive shortage of housing



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838228)



Reply Favorite

Date: January 24th, 2022 12:40 PM
Author: Onyx foreskin heaven

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)



Reply Favorite

Date: January 24th, 2022 1:53 AM
Author: soggy hall toaster

no. real estate is probably the only safe asset right now.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836450)



Reply Favorite

Date: January 24th, 2022 2:13 AM
Author: Flickering rusted idea he suggested ticket booth



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836482)



Reply Favorite

Date: January 24th, 2022 11:57 AM
Author: big-titted exhilarant love of her life genital piercing



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838045)



Reply Favorite

Date: January 24th, 2022 8:56 PM
Author: Motley Space Gaping



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841577)



Reply Favorite

Date: January 24th, 2022 1:56 AM
Author: Offensive french chef faggot firefighter

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)



Reply Favorite

Date: January 24th, 2022 2:21 AM
Author: arousing dun organic girlfriend

cr proles only think about monthly payments

3.5% on $100k financed is like $450/mo whereas at 7% it's like $700/mo

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836488)



Reply Favorite

Date: January 24th, 2022 2:29 AM
Author: Glittery meetinghouse potus

Nah

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836494)



Reply Favorite

Date: January 24th, 2022 2:31 AM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency

FUCKing fuck

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836497)



Reply Favorite

Date: January 24th, 2022 2:42 AM
Author: Plum Alpha

lol no

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43836503)



Reply Favorite

Date: January 24th, 2022 11:41 AM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43837907)



Reply Favorite

Date: January 24th, 2022 11:42 AM
Author: avocado talented trailer park mad cow disease

People need to lose jobs first

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43837915)



Reply Favorite

Date: January 24th, 2022 11:42 AM
Author: irradiated red party of the first part address

WTF home prices don't "drop"

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43837918)



Reply Favorite

Date: January 24th, 2022 11:56 AM
Author: citrine lay stain

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)



Reply Favorite

Date: January 24th, 2022 11:57 AM
Author: Claret state gay wizard



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838055)



Reply Favorite

Date: January 24th, 2022 12:06 PM
Author: Lime Massive New Version Dilemma

Never again in our lives.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838156)



Reply Favorite

Date: January 24th, 2022 12:19 PM
Author: Boyish bawdyhouse giraffe

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.



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838264)



Reply Favorite

Date: January 24th, 2022 12:37 PM
Author: big-titted exhilarant love of her life genital piercing

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)



Reply Favorite

Date: January 24th, 2022 12:39 PM
Author: seedy casino nibblets



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838394)



Reply Favorite

Date: January 24th, 2022 12:39 PM
Author: Deranged mischievous field

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)



Reply Favorite

Date: January 24th, 2022 12:44 PM
Author: peach piazza trust fund

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)



Reply Favorite

Date: January 24th, 2022 12:47 PM
Author: Excitant Fluffy Ceo

He’s been running this flame for a while.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838476)



Reply Favorite

Date: January 24th, 2022 12:58 PM
Author: Deranged mischievous field

?

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838594)



Reply Favorite

Date: January 24th, 2022 12:47 PM
Author: Deranged mischievous field

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

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838478)



Reply Favorite

Date: January 24th, 2022 12:58 PM
Author: obsidian maniacal dysfunction deer antler

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)



Reply Favorite

Date: January 24th, 2022 1:01 PM
Author: Deranged mischievous field

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”

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838622)



Reply Favorite

Date: January 24th, 2022 4:40 PM
Author: obsidian maniacal dysfunction deer antler

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)



Reply Favorite

Date: January 24th, 2022 8:23 PM
Author: Deranged mischievous field

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

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841357)



Reply Favorite

Date: January 24th, 2022 12:59 PM
Author: beady-eyed poppy hospital

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)



Reply Favorite

Date: January 24th, 2022 1:01 PM
Author: Deranged mischievous field

what do you mean?

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838625)



Reply Favorite

Date: January 24th, 2022 4:41 PM
Author: beady-eyed poppy hospital

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)



Reply Favorite

Date: January 24th, 2022 8:27 PM
Author: Deranged mischievous field

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

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841377)



Reply Favorite

Date: January 24th, 2022 8:31 PM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency

https://fred.stlouisfed.org/series/MSPUS

Median sale price is over $400k

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841406)



Reply Favorite

Date: January 24th, 2022 8:38 PM
Author: Deranged mischievous field

sorry, I’m using 6 month old data Lmao

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841448)



Reply Favorite

Date: January 24th, 2022 12:39 PM
Author: obsidian maniacal dysfunction deer antler

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)



Reply Favorite

Date: January 24th, 2022 12:39 PM
Author: clear startled forum becky

Lol

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838401)



Reply Favorite

Date: January 24th, 2022 12:51 PM
Author: Demanding Lascivious School

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)



Reply Favorite

Date: January 24th, 2022 12:53 PM
Author: Harsh Orchestra Pit

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)



Reply Favorite

Date: January 24th, 2022 7:52 PM
Author: Demanding Lascivious School

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)



Reply Favorite

Date: January 24th, 2022 8:29 PM
Author: brass floppy hell

Are you suggesting that I learn construction?

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841395)



Reply Favorite

Date: January 24th, 2022 12:54 PM
Author: crystalline round eye dragon

lmao

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838551)



Reply Favorite

Date: January 24th, 2022 12:58 PM
Author: beady-eyed poppy hospital



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43838599)



Reply Favorite

Date: January 24th, 2022 7:25 PM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency

come on, man!

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841132)



Reply Favorite

Date: January 24th, 2022 7:27 PM
Author: contagious walnut stage



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841136)



Reply Favorite

Date: January 24th, 2022 8:56 PM
Author: Motley Space Gaping



(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841579)



Reply Favorite

Date: January 24th, 2022 8:26 PM
Author: vivacious main people

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...

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841366)



Reply Favorite

Date: January 24th, 2022 8:29 PM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency

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

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841388)



Reply Favorite

Date: January 24th, 2022 8:31 PM
Author: brass floppy hell

No property taxes for them in CA

Every prole Mexican family in the Bay Area has a higher net worth than 90% of poasters

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841404)



Reply Favorite

Date: January 24th, 2022 8:33 PM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency

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)



Reply Favorite

Date: January 24th, 2022 8:49 PM
Author: anal appetizing pit goal in life

Depends on long bond yields, imo.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841524)



Reply Favorite

Date: January 24th, 2022 8:55 PM
Author: Onyx foreskin heaven

Not without an external economic shock.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#43841575)



Reply Favorite

Date: February 28th, 2022 12:45 AM
Author: Up-to-no-good Sapphire Corner International Law Enforcement Agency

How about now

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#44051005)



Reply Favorite

Date: February 28th, 2022 1:02 AM
Author: Onyx foreskin heaven

There weren't many prospective Russian buyers in my area.

(http://www.autoadmit.com/thread.php?thread_id=5015194&forum_id=2#44051077)