Will the housing market crash?

Will the housing market crash?

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You're not the boss of me now

The boomers are protecting that from happening at all costs

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with the lowest ever mortgage rates and unlimited money printing? how about no

It's already starting to. Imagine what will happen when they pull the gibs.

I hope so, want to make payments on my new house with Suter staking gains

I would like to buy a starter home at a reasonable price, thanks.

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If tens of millions of Americans are out of work for 6+ months, then yeah it gets a little difficult to pay your rent/mortgage.

Why hasn't anything happened yet then?

They will farther delay home payments.

Toronto, Vancouver and Montreal housing market are booming. It’s endless, the government will do anything to keep the bubble up since that’s where most of Canada’s wealth is tied up. My mom wants to buy at the top...

Just go down to the Ford plant and tell em you wanna work

understatement

Honestly, it feels they will continue to allow prices to inflate out of reach of new home buyers. This reduces the buyers to corporations and foreign entities who accumulate more and more properties to rent. It becomes a country of dependent renters.

Per usual, you missed out the main criteria
>ON THE LOCATION PEOPLE ALREADY LIVE

it's like going to a sport event, and asking from people already there wathcing to sell you their seat, and then being baffled why their prices are so high compared to the initial price they paid

Did you tell her that she is a dumn ass?

Hey boomer. Please stop calling people “son”. It’s disrespectful and nobody here is your son. It’s rude in real life too.

I told her don’t buy and wait for the crash. She’s on the fence.

>RICE and BEEENZ

To continue your analogy.
Soon the people who bought tickets cannot afford the loan they took out on their ticket.

How many boomers have their houses paid off. About 2 in 3 homeowners do not have their houses paid off. I don't know what percentage of boomers; It is safe to say about 50% of them are still paying for their home. I know my parents are. But you are correct about areas that already occupied.

Son, we have a lot to talk about when it comes to talking with your elders.

"Dave: hey it's the dave ramsey show!
Guy: hey, uh, how you doin, dave?
Dave: better than I deserve, what can I do for you?
Guy: uh well I have a bunch of credit card debt and a bad job.
Dave: wow youre an idiot! spend less and pay your minimums and get a second job.
Guy: okay wow thanks dave I never thought of that!
Dave: rice and beans!"

no
-Sent from my SM-J700F using Tapatalk

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he is right...

priced in dollars? i doubt it. some overpriced markets, like cities, will see reversions to the norm, but i don't consider that a crash.

price in gold? yes, home prices will fall substantially, at least 50%

how did you get audio playback on Zig Forums working??

this is good advice, thank you based Dave

absolute unit

Paperwork has been completed, but residential evictions begin in September. Commercial evictions are active, but they generally leave of their own accord.

It costs $300k just to build a new house, and that's not including the cost of land you have to buy, so even building a house somewhere out in the middle of nowhere is still out of reach for most people.

I want to get on a boat and find another continent to kill the natives and settle on. Who is with me?

go ask the nice folks at the reservation

>It costs $300k just to build a new house
dont be silly

what is with all the pol invasion shit this past 24 hours? Can you guys take your rabid antisemitism back to your containment board please?

>newhomesource.com/learn/cost-to-build-house-per-square-foot/
>The 2019 Construction Cost survey by the National Association of Home Builders (NAHB) found that the average cost per square foot to build a single-family home came out to around $114. In this survey, construction cost totaled $296,652 for an average 2,594 sq. ft. home.

Housing in good areas is going to get more expensive. They are assets and assets tend to go up when inflation hits

Not a chance. COVID-19 was letting SARS-1 into the wild, calling it novel, and letting it run so that the inevitable collapse could be blamed on it instead of the elite class. Now, instead of a general collapse, germs & crime will be used as an umbrella to impose transaction limits on physical cash, prevent mattress stuffing, and allow deep & negative interest rates. These deep negative interest rates will further inflate the asset bubble and protect the landlord class from the financial attack and insulate the boomers from the pain and suffering of the younger masses.

Mortgage forebearance and eviction moratoriums, and both will likely be extended into 2021 with the new stimulus bill.

Might be some randos, airbnb slumlords, etc who fall through the safety net and foreclose this fall, but honestly, probably not that many. Corpos and banks are receiving brrrrrt from daddy jerome and would love to park it all in longterm low interest debt so they can ride out hyperinflation in style. So if you ever even see a dip, you'll be competing with private equity firms and JPM for that starter home.

Tell that to a couple that whats to start a family. The housing market is helping to destroy the family.

Having banks buy homes should be illegal when they can ask the FED for all the money in the world.