House prices are literally never going to go down, are they?

House prices are literally never going to go down, are they?

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You just need to wait forty years then they will go down and you can buy one when you are dead

im not expecting them to drop significantly. even if this shitshow did cause tremors in the real estate market, it would likely be at least a year from now before the results are seen in properties listings.
Even then, numerous other factors could possibly balance it all out and we wouldn't see a huge net effect

I think the real estate market had already been culled to a certain extent, of over-leveraged buyers/hodler, flippers, slum lords, w/e

over 8% of mortgages are in forbearance

america will eventually be like europe where all jobs are concentrated in urban centers and no one can except multi-generation landlords and rich foreigners can afford to own property, so everyone is forced to spend 50% of their take-home wages on rents until the day they die.

Prices are going up, renters and other houselets btfo

>eventually

They won't go down but you'll be getting $150,000/week welfare checks soon that'll buy you a house or a kg of bacon.

prices will keep going up and FED will be paying banks to loan to fresh somali immigrants $500k mortgages and then the IRS will be giving everyone $10,000 a month in direct deposit checks.

won't really matter. Even when they foreclose, the banks will take them off the market and only offer up a fraction of their foreclosure properties for sale. Like what De Beers does with its diamonds, they'll just withhold the properties in order to keep supply artificially low, so as to get as much ROI out of the properties as possible.

kek

"buy the dip" rentcucks BTFO

Of course not. Trumpbux were a proxy bank bailout, and the forbearances are only happening because the debt owed by mortgagors is orders of magnitude more valuable than the house itself.

The last thing a major bank wants is to own millions of vacant suburban houses. The properties will be bought by investors for half the price that the foreclosed owner paid for the house.

The civil war will start long before that

Let me see OP. You're a millennial, you want a house. You keep saying why not house cheap. Times that times your entire generation. Why demand never go down? Oh right.

Lol, what a retarded imagination. You think all banks act together the same way? Banks are owing the money they give to you themselves. They can't just become housing administrations until prices go up again

6 months to 1 yr for solvency to settle into the housing market

Banks will be selling them in volume discounts to REITs.

I'm just a 29yo boomer who has had enough money for a 20% down on a starter home (60k in my retarded market) for several years now but I've been holding out forever because I know metrics like house price:annual salary ratio are massively decoupled from how they've been for over a century and I figure it can't last. I thought Corona would knock off all the boomers and force all the airbnb slumlords into insolvency and flood the market with cheap houses. Instead the opposite is happening and already artificially low supply is just drying up even further.

If a global boomer-killing plague can't cause property prices to come back to reality, then what the fuck can? Now I feel like a retard for not FOMOing into property like a braindead fuck 2 years ago, I'd already have appreciated +20%.

Can you explain this to me like I'm a brainlet? Are trumpbux a bank bailout because the checks just go straight to peoples' mortgage payments? How can the debt on the house be worth more than the house? What is forebearance?

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Housing prices will never fall. There will always be flippers who keep pushing prices up.

coronavirus will kill house prices long term. people are just starting to realize that they don't need to work in a city, travel to a city for work, or be at work for mandtaory 40 hours a week - all thanks to corona. the next great migration will be white people leaving cities and suburbs altogether and buying large amounts of land in fuck all nowhere with good internet connections and unironically probably becoming their own farmers and shit on top of working from home.

coronavirus is bullish for white people in america.

Haha no white people are getting destroyed, losing their businesses and losing their savings to inflation all to bail out the browns and import more

>even if this shitshow did cause tremors in the real estate market, it would likely be at least a year from now before the results are seen in properties listings

In real terms 15-20% of banks loan poetfolios are now in forebearance or only making partial payments. Assume another year of forebearance, 3-6 months forclosure proceedings, 3 months for banks to sort out logistics of returning prooerties to market. There will be a lag period but supply is about to go through the roof in the next 24 months.

long term.

fuck boomers fuck real estate investors i want to buy a fucking house already but faggots inflate the price and hold firm rrrrrRRRREEEEE

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melt up just like the stonkmarket. I bet stonks will make new all time highs before the giga crash

Literally nothing

yeah white liberals fleeing the cities and moving to rural america to buy up all the remaining cheap land is definitely bullish for white people in america how could that possibly go wrong

Hes saying banks win more by being forgiving on missed debt and collecting their 500k interest over 30 years than they do by flipping your property onto the market for 300k.

>supply is about to go through the roof in the next 24 months.
God I hope so. I just hope I have the patience to wait that long in my current rentcuck shed. I can imagine property prices dropping 5% and me just flying off the handle and buying something prematurely. I've been waiting so fucking long for the tiniest dip.

white liberals don't have the money to do that, and you're also over-estimating the amount of non-liberals that either take a daily train into the city or are altogether forced to rent downtown. removing this entire population will cripple urban cities. inner-city liberalism only effects retards that have lived their there entire lives and don't know any better, or the room temp normie who moves there and falls for all the 'political-machine' inner-city memes because he/she either had shit parents or a shit life growing up.

fuck boomers

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Brown people like this retard love to make up fake theories in their monkey brain and pretend they’re real life.

white liberals AND people of color*
under-estimating*

sorry

/x/tard here
we live in a subjective panoptical Torture Matrix in which boomers never die and the sim-manager archons extract energy from our despair. this is why meditation is hard and why wasting hours on Zig Forums is easy. they feed on your angst and to a lesser extent, your cummies. to deny them your energy you must be relaxed, go outside, bask in the sun, and never fap or coom.

Land is the most manipulated market, so maybe

fiat death and the end of negative rates

Ill admit im a little out of my element when looking at something as illiquid as real estate so maybe my months are off but just look at the graphs man.

Interestingly enough 15-20% of loans are in firebearance but only 9% of borrowers are, which means A LOT of real estate incestors are going to be fucked at about the same ratio as primary residences will be.

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