When is the housing market going to crash?

"That seems totally reasonab..."
>672 sq ft
LOL

WHY DON'T YOU HAVE $1.6 MILLION FOR A DOWN PAYMENT? YOU'RE JUST LAZY!!! REEEEEEEEEE!!!

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Millenial new homeowner reporting in. I was astounded at how outrageously expensive a quality home/yard/neighborhood is. You really need a price point of at least 300k to get something that isn't shit-tier quality, on a 0.2 acre lot, with white trash neighbors. Honestly 400k is the sweet spot that opens up your search to nicer options. (I couldn't afford anywhere near that, just reporting what I saw on the housing market).

>malibu CA

You couldn't have afforded it in the 90s either, stupid nigger

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How fucking poor are you that you can't afford 120k down payment faggot? Kek

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i found a comfy house in mass for 270k should i bite the bullet frens. i just want to be a weed farmer

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This will be my last response to you.
>10% interest in the 90s

You're completely missing the point but okay. You're right. It's perfectly ok for housing prices to increase 1300% in just 25 years.

There is so much atrazine in the water supply in the Midwest. If I buy a cuckshed anywhere it would be in the mountains or on a beach somewhere. Imagine wanting to live in that shithole of all places.

What happened that only expensive houses are built now? I live in Michigan. Small houses are like 150-200k in areas that are 80% white with decent schools. But new houses are a minimum of $400k even in retarded subdivisions where the interstate is 500 feet from your backyard. They're also all enormous, even in less desirable areas they're 2500+ square feet. Who the fuck is buying these?

It's. Malibu. CA.

The house I bought is not a mansion in CA, and did not appreciate 1300% in 25 years.
Not only that, how do you know they didn't buy a plot of land for 600k, and build the house for 600k?

Please clean your room and focus on yourself before crying about stupid shit

If I picked another major city, you would still bitch about the location and how it's an unfair comparison. YOU'RE MISSING THE FUCKING POINT OMG KYS!!!

foreigners looking to store their money overseas, see it in my hometown constantly

I own a 1600 sqft house in the suburbs of my state capitol

I don't really give a shit what some incel on Zig Forums thinks about how he deserves to live in a mansion in california

Here, this one's in Cleveland, OH. It appreciated 300% in 7 years. Is that better for you? Huh bitch?

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My parents just sold their house in Arizona to a Chinese woman, who had sold her own 3 million San Fran home and bought four others out of state as well, to rent out.

>4539 sqft

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>tfw 1922, 2 bedrooms, 1 bathroom, and it is $300,000
I'd rather be homeless hahahhaa

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That's funny you mention that because my city is reported as 85% white. I can't go outside without seeing Indians everywhere. Like I'd bet it's actually 70% white and 25% Indian at this point.

white collar bugmen, the even dumber brother of the yuppie of yesteryear. next question is: why do developers build houses like this? land is expensive. building a house is comparatively cheap when you have it down to a science and your crews are just building the same house 100 times. this means incredible economies of scale because the developer is ordering a fuck ton of building materials with the same exact specifications a hundred times in a single development. beyond this, there is also an appeal to psychology. the white collar bugman wants a HUGE HOUSE for all of his DUMB CONSOOMER SHIT and so you get a massive house on a tiny lot which also drives up margins, because the building materials are cheap, the crews are well-trained, and it's not like they're doing a quality job -- just look at how quickly these fucking overpriced dumps fall apart. now throw in some fake marble counter tops, polished stainless steel fixtures, fake wood flooring, meme paint schemes, etc. because these aren't much more expensive than budget fixtures, and the margins go up even more.

This is fucked. Jesus christ, actually makes me angry. Paying this much for used goods. Holy shit.

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No one wants to live in a double wide outside Bismarck, ND you like you.

I have a house, you don't
Cope :)

Boomers and massive real estate holdings companies are keeping prices high, and because men and women are expected to bring in a salary now they will stay that way until either the boomers all die or the companies are outlawed by Trump or the feds (not gonna happen).

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You're definitely right about that. I've seen all of these fucks with their 4000 SQ foot house where the garage is exploding with trash and has never even had a vehicle parked inside of it. But it transcends white/blue collar as far as I can tell. Blue collar workers here are huge consumers too, their stuff is just dirtier. As soon as you go into the lower class areas it's small old rundown houses....but they still have 2 vehicles per person and a rusty boat!

Why not just buy land and then build your own small house on it? Would be a pain the ass, but it's cheaper.

I'm looking at Australia right now, because they seem to be a few months ahead of us in the real-estate timeline. Forbearance ends after December 2020, and supposedly only 16% of those that have been deferring mortgage will be able to start paying again. Banks are starting to poke at cunts to pay mortgages or to sell now. The idea is they should sell now rather than foreclose at a shittier price later. As such, many houses are being rush-sold to get a decent deal. I looked through a few listings and see some that dropped -60% in price over 1 night. Hoping a similar scenario plays out in the US soon.

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development companies have economies of scale. you're just a guy paying a company to do a new construction, you sure as fuck aren't seeing any economies of scale. it's very expensive and you won't save any money pretty much guaranteed. even buying a modular home is expensive as fuck. if you're buying new you're paying out the fucking ass because they jew you no matter what you do.

Got 20k linkies I'm good senpai. Buy your double for wide for $5k in two years.

I've taken the jew pill, I don't care anymore, I've got two mortgages and just rent out all 5 units. After all expenses I'm clearing an extra 3k a month on top of my job. It's easy peasy money.