Why won't housing prices ever go down when the economy is fucking trash and we are in a recession.
How long do I have to wait!?
Why won't housing prices ever go down when the economy is fucking trash and we are in a recession
John Gray
Jason Morgan
>why is one of the most stable asset classes not going down in times of uncertainty
Samuel Phillips
That's one of the hottest guys I've ever see
Nathan Foster
IT will. Just wait for the eviction moratorium to end on New Year's.
Noah Jenkins
> why did I ask a pointless question? Oh wait I just wanted to post a man
sage
Dominic Lewis
I just want a damn house AAAAAAAAAAAAAAAAAAAAAAAAAAAA
Someone with actual real estate knowledge please chime the fuck in.
Blake Ward
Why would it go down when your country is being flooded with foreigners that need housing too? Supply and demand is a bitch when the demand is artificially inflated. You know what you have to do.
Brandon Mitchell
Everyone is trying to build fucking rental portfolios. Moreover corporations such as Zillow and redfin are getting federal loans for 0% interest and buying out real estate to sell to your average mom and dad.
Benjamin Moore
you will never own anything and be happy
Nathaniel Myers
saaauce!!!!
Asher Morris
we brooke posting now?
Blake Garcia
>Everyone is trying to build fucking rental portfolios. Moreover corporations such as Zillow and redfin are getting federal loans for 0% interest and buying out real estate to sell to your average mom and dad.
Right. People are taking 20x long leverage (a 5% down mortgage) to charge people rent these days
Becoming a landlord is some people's main hobby
Lincoln Lee
Brooke is OP pic. Zig Forums thottie
That's not Brooke
Liam Evans
Til the boomers die off and/or immigration stops
Juan Parker
They'll never go down, just fucking buy a house and lock down your monthly payment for 30 years
Benjamin Murphy
The government has backstopped market forces from doing its vital flush. Be patient
Jonathan Collins
Real estate prices are not going down. Buy as soon as you can and don't buy too much house. Buy a good, but maybe cosmetically outdated home that can use a little fixing up. Your home value will increase a much larger amount than what you spent on repairs/updates.
Jason Morales
The government is inflating the prices of assets for boomers and making millennials and gen z pay for it.
Luke Robinson
Interest rates are extremely low, coupled with dumb apartment city-dwellers realizing they can telework, and likely will in the future because it saves shitloads of money for the company on leases. So, they are now looking to buy houses, often outside of their shithole cities, after having seen the bit of instability cities saw this spring and summer with niggers.
It's unfortunate, but if you're a small-towner or suburban, brace for fucking faggot city liberals to flood your town and price you out of your own hometown's market.
Julian Hall
>Why won't housing prices ever go down when the economy is fucking trash and we are in a recession
Because of what happens when they do, everyone is invested in stopping real estate from having another problem.
Wyatt Brooks
my position is that the housing market will fall.
some governments have taken significant measures during this pandemic to encourage house-buying and thereby keep house prices up.
obviously the government is mainly doing that to look out for their own (themselves and the banks). higher house prices are good for them. remember, a low interest rate on a given price is equivalent to some higher interest rate on a lower price. the former works better for them, as it psychologically encourages buying more than the latter does (people like low interest rates).
if the government is doing this then they know there is a real risk of the housing market declining.
Jaxson James
The only thing that's going to cause long term housing price drops is global population decline, and we aren't approaching that until shortly after we die.
Leo Cox
too many variables at work here to rule out a housing dip.
the government has show its hand as far as im concerned. thats enough to tell me this isnt the time to buy, regardless of how the market proceeds.
i may be biased because i'm rather against mortgages (at least any mortgage with a small deposit, i could tolerate maybe a 40% deposit minimum, but preferably 60% or more)
Joseph Ross
Fuck you I'm not selling.
t.Duplex owning fag that refuses to move back in with parents or rent and pay someone elses morgage.
Adam Baker
sleepy Joe won't let it happen
Josiah Cooper
You had 2 weeks in march
Ryder Baker
Blake Anderson
fuck off lmao
Carter Clark
House hacking? Absolutely based and redpilled
I own a duplex too but don't live in it. There's something to be said for two doors under one roof
Ryder Anderson
What's your problem anyway?
Christopher Cox
extended forbearance will be extended and the foreclosure process takes about a year to evict anyway so we're looking at about 2 years until the foreclosures from this crisis affect the market and a lot can happen in 2 years. It's rigged son.
Angel Ward
1. People are very reluctant to sell a house for less than it was worth a few months ago. They try to ride it out and wait for values to come back up. Their agents are complicit in this, they don't want lower fees.
2. Mortgage interest rates have gone down considerably this year. That lowers your monthly payment meaning you can afford to pay more for the house.
A $300,000 home at 4.5$ interest is $1500 a month for principal and interest. A $370,000 home at 2.75% interest is still $1500 a month.
Read that previous sentence several times until it fully sinks in and you understand.
Grayson Rogers
this
fr despite everyone always saying buying a house is a big boy move, i think renting is the play rn.
Hudson Evans
based
Charles Jenkins
A $300,000 home at 4.5% interest is $1500 a month for principal and interest. A $370,000 home at 2.7% interest is still $1500 a month.
Luke Richardson
theres just no other conclusion than house prices are being inflated to keep them around where they 'should be'
if these measures weren't taken house prices would be dropping.
and when you get a mortgage you're locked into that mortgage despite any future house price fluctuations
you could be bag-holding a house if the butterfly effect hits and the measures can't hold it back.