>In 2021, home prices skyrocketed nearly 19%, according to the S&P CoreLogic Case-Shiller home price index. And pros say we’re in for another year of price growth
>Indeed, a report in January from Zillow noted that home values were expected to grow 16.4% between December 2021 and December 2022; Goldman Sachs, in October, forecast that home prices would rise 16% through 2022. Fannie Mae says home prices will climb 11.2% throughout this year, followed by a more modest increase in 2023.
Are you Any Forums fags ready for another year of housing price increases? You all thought you were so smart holding onto cash, waiting for the 'imminent' housing price crash so that you can swoop in and buy great houses for pennies on the dollar. When COVID hit, you were so excited that that was going to be the trigger that started the collapse. Instead, prices continued to climb and houses increased at the fastest pace ever. While you were sitting on your cash that was rapidly being destroyed in value by high inflation, you were watching in horror as housing prices climbed 40-50%. In anger, you downed yourself on vodka and cursed (((them))) for "market manipulation", all the while, you know deep down you made a mistake. You acted like an arrogant pseudo-intellectual, thinking you had all the answers to the market, yet the market outsmarted you.
To make matters worse, experts predict housing price appreciation will slow down but that it will never turn negative. Housing prices will continue to climb, albeit slower than the 2020-2021 years.
You rage and curse at god, screaming to no end about how unfair it is that the house you could've bought for $200K back in 2015 is now worth $900K.
As you drift off to sleep, you wonder if you'll ever own a home. A silent voice in the back of your mind says "No".
probably not gonna buy one, i'll just wait for my parents to die then sell theirs and buy one for 1/5 the price I wish covid wasnt a nothingburger but at least they took the injections
Mason Cook
Housing has to crash for globohomo to be eradicated.
Hudson Turner
Fuck of kike I'm not holding your bags at 10% interest rate. Also tl;dr
Brayden Rodriguez
>You all thought you were so smart holding onto cash, waiting for the 'imminent' housing price crash so that you can swoop in and buy great houses for pennies on the dollar. No i bought guns, ammo and freeze dried food
Austin Hill
At least you have a plan. Much better than the idiot bears with no plan except to wait for an imaginary crash.
Not gonna happen. Housing will become unaffordable to almost everyone.
Jace Ortiz
>Much better than the idiot bears with no plan except to wait for an imaginary crash. Their parents probably have houses too
Luis Ramirez
they said the same thing in 2008
Bentley Stewart
>Housing will become unaffordable to almost everyone. Then who will buy the houses that people want to sell?
Alexander Wilson
>Housing will become unaffordable to almost everyone.
Sounds sustainable.
Christopher Brooks
>houses are totes going to climb, goy! that's why we're liquidating our inventory at a loss! t zillow
2008 is not the same thing. 2008 was caused by NINJA ARM loans. Some cashier at McDonald's making $7.25/hr could take out $900K mortgages at an adjustable rate. No background checks or income verification or credit checks. The mortgages at that time were heavily "junk debt".
Since 2008, all those shit borrowers are out and good borrowers came in. They're high income, good credit history, and unlikely to default.
Jason Baker
>Then who will buy the houses that people want to sell? 1%ers and rich foreigners, who will either sit on them or flip them and charge $2000+/month rent.
Luke James
Correct and incorrect. House prices will soar as the value of the dollar craters and hyper inflation kicks in. Eventually the entire economic system will collapse and when a new currency asserts itself the housing market will be utterly saturated to the point of insanity as people who were using them as investments compete with blackrock to sell them for some NeoUSD.
In current USD terms the prices will be dropping 90% or more with the caveat that people won't really have money to them anyway as the middle class is wiped out. However they will be able to afford them over the course of a few years now working a regular job.
Kayden Walker
No they didnt. They were screaming that housing was going to collapse for years.
James Cook
>rich foreigners if our politicians weren't absolute shit (read: boomers) they would ban foreigners from buying real estate
Colton Rogers
OP, I bought a home. I do think that it was a terrible time to buy a home, but my current opinion is that it is always a good time to stop renting. So here I am. I wish that I would have bought it sooner. I was caught up with life with so many things that I went with the flow and rented for a few years since that was presented as the normal thing to do.
It wasn't until after I realized my mistake and went under contract for my home that my boomer parents told me: >Isn't it great to have some of your money going into equity instead of going down the toilet into a landlord's pocket every month? Yes dad. Yes it is. If you knew this fucking lesson already then why didn't you at least present it to me years ago when I started renting? I would have listened. God damn boomers. It's like they're allergic to generational wealth. Even the wealth of helping pass down life lessons. I love my parents and there are worse boomers out there, but god damn is their generation insufferable.
Andrew Bennett
I hope we pass the threshold where the wealthiest hoard all their capital to the point where nobody wants it or needs it.
Hudson Roberts
How about buy your 1 mil shack and be happy filthy goy
Ryan White
how much money did you need saved up to be able to buy one how much do you make a year how much was the house
Good for you. I'm glad you have a home. Boomers are the worst. My parents are just as bad. They just got done telling me about their wonderful trip and their all you can eat lobster seafood buffet. Its all good. Weak men, strong men bla bla.
Sorry no can do, already priced out. Mortgage rates when up ohhh welll. I can still buy alotta land and put a cuck shed on it. Hell food price inflation won't even dent us once we get the birdshit fertilizer factory up and running.
Daniel Cook
its pointless to explain. zoom zooms are used to crypto crash cycle + they think all assets are the same and they will only have to wait 3-4 years for a crash. try 30-40 years LOL
Anthony Bailey
It's a terrible time to buy because you could've bought it years ago. However, if you're asking if it's a terrible time to buy because prices might dip, then no. Prices are NOT coming down.
Consider the following:
- Borrowers are a different quality of people than the ones back in 2008. Even during and after COVID, delinquency rates are super low, meaning these people are higher income and insulated from economic downturns
- More stringent background checks on borrowers
- Lack of supply
- High demand
There is no reason why prices should go down even though dumb bears keep screaming about an impending crash every year. All the signs point up.
Angel Thompson
One other thing happened during 2007-2010 bucko, and that's the central bank lending rate over most of the western world >muh credit scores >muh income >muh identity verification None of this matters, even if it's perfect, when you have an asset as collateral (loan secured against property) that's leveraged 20:1 - not the down payment against the value of the property, but the income stream against the cost of servicing the loan.
Mortgage debt is an income scheme for creditors. With rock-bottom interest rates, the incentive is to create the same amount of income from larger and larger loans, in other words to push the leverage on the average house by a bigger multiple.
This creates a new kind of default risk - not one that is sensitive to job availablility or commodity prices, but one that is uniquely sensitive to the base rate that JPow and others declare is the de-facto rate of lending money in the US (other central banks just tail along) You effectively have an entire wealth structure based on not only economic fiat, but the whim of a tiny number of people who look at spreadsheets all day and decide that changing a number from 0.25 to 0.75 is what they want to do.
Luis Diaz
>Housing prices will never come down Hopefully not. I want niggers and young scummy whites (which is most of them) away from me, they can all go live in some housing complex or pod somewhere far away with roaches, rats and bedbugs living out their rapper fantasies where they'd be happier. Have you ever saw what those types I mentioned do to houses they rent? Most people really should live outside and not be allowed indoors. They don't deserve houses.
