Housing

You saving up for the house price crash?

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federalreserve.gov/publications/files/financial-stability-report-201905.pdf
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Yes, I sold the top a few months ago. Can't wait to upgrade into a 3000 ft mcmansion in 1 or 2 years. no larp

Keep saving Jerome.

I heard the bottom of the housing market happens 6 months after a financial crisis. Seeing as the Fed bois have been pumping trillions into the economy when should i start my clock?
Pic related, its me.

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Residential's going to be hit much less hard than commercial.

federalreserve.gov/publications/files/financial-stability-report-201905.pdf

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wait till mortgage deferrals end and delinquency rates spike.

The housing market won't crash. This isn't 2008. Screenshot this.

Fed will step in to prop up housing market just like the stock market. Everyone waiting for a bloodbath will miss the bottom once again.

Suburban/rural houses will be fine.

Look for deals on properties that can be rented out in urban areas

So you are telling me the brrrrr machines will keep running indefinitely with zero repercussions? Please do explain how this is, I'm genuinely curious and not being sarcastic.

I would say the housing market will crash at the end of the summer when nobody is buying. Prices should be really low in the winter.

What makes you think end of summer? House sales are already down over 65% in some areas.

actually yes until the money comes into circulation or the circulation speed increases

i love posts like this because it verifies that retards are waiting to buy, meaning it won’t happen for maybe a couple of years more

What's stopping them from trying to convert some of that office space to apartments?

Mostly zoning. It's a process that takes a lot of time and money to change. Not a sure thing either.

Keep waiting losers. Trump fucked us and we’ll never get our chance. Fuck that bastard

I sold mine in October for the same reason. Kind of nice to be renting again and not have to deal with house crap. I hope we don't have to wait too long.

Housing demand is up

>housing market crashes based on something in the economy
>loses job
>can't get a loan
>still can't buy a house

Broke millennials truly are delusional

>inventory is down
>demand is up
>somehow this leads to a crash

>loses job
user I never stopped working though? I actually get a holiday next week

Did I say zero repercussions? No I said they would prop up the housing market. The cash you are sitting on to buy a house when the "crash" happens will be worthless and the house will cost 3x as much because of inflation.

Will the bank give me a bigger loan if I can prove the property will cash flow?

I only work part time and I'm worried I won't be able to take out a big enough mortgage for my area

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I am not sure how you would intend to prove cash flow on the property without living their first. desu I kind of resent the fact you are working part time and want a home loan

Good thing all my liquid cash is going into boomer rocks I guess

Multi family home.

I'll be full time by the time I'm ready to buy, but I'm worried this year's income will bring my average too far down

explain to me how it will crash with 0% interest rates and free gibs to the unemployed.

I would suggest to get bigger capital for downpayment from whoever intends to live there with you and help the cash flow? still as someone who works full time and has to save for 5 years to afford a DP on a property in my area, I am resentful that people take on huge loans with such risk and more resentful that the bank allows this, keeping financially responsible people like myself from having a home

It’s not going to crash as long as interest rates are this low. Every swinging dick with a $50k a year job can get a $300k mortgage.

Neither did a large majority of those who were in the housing market to begin with.
The housing markets that are expected to take the biggest hit are those used in Airbnb.

If you're buying it with tenants and leases in place then yeah.

>If you're buying it with tenants and leases in place
Okay noted. But not if the other units are vacant?

I would pretend to predict what will happen next with the housing market. I’m a realtor in the Midwest and the first time buyer market is hotter than hell. All houses in the intro range are gone within 36 hours of being listed and at or above asking. If there is going to be a crash it will be in the luxury space. That means that people sitting on the sidelines waiting for a crash, well they are going to be waiting a long time because luxury will downgrade and the tier below them will move into the first time buyer tier.

>AirBnB

AirBnBs are so profitable that you only need to have them occupied for 4 months out of the year to break even. They’ll take a hit but only those who are way over leveraged are going to get burned.

>Neither did a large majority of those who were in the housing market to begin with.
I am just not sure how that is true. The median price of a home in my area is like 680k and there are tons of illegals and other undesirables everywhere. I can't help but think that some of these people have severe levels of debt and their only asset is the home. Why are they allowed to stay?

if it crashes sure, otherwise ill buy shitty undeveloped land and make a comfy house from scratch on the mountainside above the plebs

yes, sitting on 70k in cash right now

I also have 70k cash.
Is this enough money to make some big moves if the housing market crashes?

yes, expect to pay at least 20% down. the poors will be filtered by the banks still standing