Just another daily reminder if you think any of this is realistic or sustainable, you are in for a rude awakening. This is all going to come tumbling down with no end in sight. If you bought over 2 years ago you can probably still break even or have a small amount of equity, but the people who bought over the past 18 months are fucked. Mortgage rates are already back up to 4.5% and the Federal Reserve hasn’t even touched anything yet. You’ll see 10% mortgage rates and price declines anywhere from 30-80% depending on where you are in the country.
>inb4 Blackcock is buying up all the houses Investors are the first to smell blood in the water and they’ll start selling everything off before the average normie even has time to call a realtor. Once that investor inventory hits the market all at once is when you see mass panic and weekly price drops.
Immigrants drive up demand and hypocritical leftist NIMBY boomers in blue states prevent apartment and condo construction.
Colton Ward
Chinks will probably buy it all up, they love investing in real estate
Austin Ross
The baby boomers just need to fucking die off already
Robert Gonzalez
Cope
Logan King
A lot of the NIMBYism is in red areas too user. Phoenix is just one giant suburb.
Luis Thompson
Has nothing to do w boomers. Be mad a Zillow and Blackrock.
Jonathan Cruz
I remember when I thought moving to BC was a reasonable thing. All the places being rented are owned by Indians (dot on forehead type) and all the houses are unaffordable, being sold by Chinese people.
Luke Stewart
There will never be a housing crash. Housing prices will only continue rising. The crisis will be the total erosion of the middle class being able to afford a home, meaning they'll be slaves to renters for life.
Jaxson Clark
it's called inflation sweaty
Ayden Phillips
yes they do.
they are greedy as fuck... trying to rent their places to their sons and daughters instead of helping them buy a house.
rarely do i hear of the boomer parents helping in any way. because theyre greedy.
Levi Parker
God forbid I have to go live on the beach in cali and pull 50$ out to buy weed once a week.
Eli Richardson
Phoenix is full of Californian refugees. But I guess all blue cities are full of NIMBYs. They vote for immigrants but won’t tolerate any population increase in a 5 mile radius.
Jaxson Nguyen
I live in Texas and here you can get a new 3 bed house for 170k
Xavier Scott
my house is bigger than that, when the cali fags move here im gonna sell my house for twice that much and move to croatia and live like a king
Christian Lewis
So will rents plummet in your future fantasy land also?
During the crash of 2008 the banks kept the house prices propped up by slowly putting foreclosures on the market and letting them sit. With fractional reserve lending its not even real money, its all created instantly.
Andrew Nelson
>Has nothing to do w boomers. Wrinkled hands typed this
Must import more people to keep housing up and wages down!
Charles Powell
If a single one of you can explain to me factors that have led to the housing inflation that have been alleviated, I will wait on buying a house with my wife
Isaac Bell
>Interest rates rise >All the overleveraged can't afford the payments anymore >They all try to sell >Blackrock buys absolutely all of it with infinitely-printed money >2 billion (((climate refugees))) and (((food refugees))) are imported >You own nothing and are happy
Cost of money is cheap, go buy a 4 unit and live in one
Austin Miller
lets say youre a 28 year old with 400k to spend. what would be your best bet for a cozy house in the woods away from other humans? ideally, it wouldnt be more than an hour away from a city center
Evan Turner
90% are fixed rate mortgages in US. Rest are probably home equity mortgages. KYS with maple syrup.
Chase Miller
>Hour away The point of high gas prices and EV's is so you can't do that. We've only had a taste of the faggotry now user.
Jaxon Murphy
Doesn't matter, they'll change the rules if they have to and switch to variable rates. Globalists don't give a shit about laws or contracts.
William Robinson
I bought for 129K 10 years ago. Now worth 350K. even if it dropped to 200K I'm still good.
Luis Price
God damn I'm so fucking hard. Do you have a patreon?
Jack Martin
you absolutely should not be waiting. the price of lumber went up 300%. inflation is the highest it has been in 40 years. interest rates are still low--now is the time to buy. >muh bubble! it's not a bubble, this is the new normal.
