What the fuck is happening with housing?
What the fuck is happening with housing?
John Barnes
Other urls found in this thread:
youtu.be
longtermtrends.net
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David Evans
the people who were smart enough to buy a house are being rewarded
t. bought a house in 2020 for $325k that's now worth $460k
Charles Garcia
Are you selling the house and downsizing now?
Carson Sullivan
The Great Reset is being accelerated; all land/property are being bought up by the wealthy and the future will be a nation of peasants renting everything from them.
I'm planning on getting the fuck out of Canada later this year. No desire to buy property here anymore even if I do get rich. Would rather live like a king in Thailand or somewhere in SEA. I expect there will be many others like me which will cause a brain drain effect on the west. The smart ones will figure out they can retire 10 or 20 years earlier if they just forget about living in an overpriced western shithole.
Logan Cruz
I don't give a damn. I'm building my house on MATIC baby. Going to be building an absolute great gatsby mansion on this shit. Trust the process and don't whine boys.
Asher Hill
Unless you're planning on selling it, the value means absolutely nothing.
And even then, if you sell an overpriced house what are you gonna do after? Buy another overpriced house in the same country? The only way to profit is to move elsewhere after the sale.
Asher Barnes
I don't get the point of being focused on being "house rich". Did you use that for leverage somehow?
Jack Reed
It’s pumping my benchod rentoid
Zachary Morgan
Boomers own 90% of housing
Grayson Lee
Do I get into a $100k house or not folks? Midwest here.
Noah James
fpbp
Cameron Sanders
Protip
1_Move to Buenos Aires
2_Get a tax id as a larp job like graphic designer
3_Cash crypto p2p in usd bricks
4_Buy property in cash and larp the fiscal value lower than a car.
Henry Baker
watch this
youtu.be
Sebastian King
I dunno, I got mine.
Kevin King
>doesn't know about HELOCs
absolutely ngmi
Wyatt Morris
>HELOC
Did you mention the part I asked about leverage?
Jonathan Rodriguez
Can u afford it? Then yes
Inflation is no joke
Gabriel Hernandez
So a degen who uses credit to gamble? Wow you sure showed me
Benjamin Gonzalez
>I CAN TAKE OUT DEBT... ON MY HOUSE!!!!
Lincoln Bell
nah I hope to live in this house forever. I've sunk a ton of money and effort into making it perfect:
>replace all carpets with wood floors
>install foam insulation in the attics
>replace 60% efficiency open-combustion furnaces with 98% efficiency closed-combustion furnaces
>replace shitty wooden garage door with steel insulated garage door with windows
>replace shitty wooden front door with fiberglass front door with fancy window
>replace all house windows with new aluminum frame windows, including multiple large picture windows looking into the backyard
>replace all lights with warm-color LEDs
>kitchen remodel
>replace rotting oak backyard fence with steel-anchored 8 foot tall cedar fence
>plant trees and grape vines in the front and back yard
>plant new grass in the front yard
>minor repairs to roof and lots of caulking on the exterior and balcony
>replace all toilets with fancy, tall, elongated toilets that use the federal maximum amount of water per flush
>install a bidet on the master bathroom toilet
>install a magnetic mosquito curtain on the backyard door
my next big project is to build a sauna in the backyard... then the house will be perfect
Brandon Smith
I was attending a meeting at work not too long ago. Before the meeting started, one of the managers was talking about how he placed a bid on a duplex in town. Another manager asked which one because she just put a bid down on one as well. He shows her the duplex and it’s the same one she put a bid on. The CEO of the company awkwardly admits that she too was thinking about putting a bid on it.
If the Federal Reserve actually follows through on ending open market operations and stops buying mortgage bonds, this 2007 nostalgia trip will not end well.
Brandon Ramirez
panic buying in florida/texas after the election fraud
trust in government is lost
Christian Thompson
I've made 2 million at 28 flipping homes the past 3 years
Its the easiest money ive ever made bar none
Landon Peterson
>bought residential agriculture zoned land near a mid sized city in a red state
>hooked up high speed internet
>built a modest house and some accessory buildings
>got a 200% capital gain against total spend
>got a permanent remote work code money job
>salary equals remaining mortgage
>paying 2.75% during 7% brandon-flation
still no gf though, need that final drop to get BiS set
Nolan Hughes
just remembered two more:
>replace tank water heater with tankless water heater so I can take showers for as long as I want
>install screens over gutters so I never have to clean leaves out again
Angel Rodriguez
>longtermtrends.net
tl:dr shits fucked
>in 2020/2021 lumber/raw material prices were fucked
>historically low rates that the fed just raised
>inflation a major concern so they cant print their way out again.
>real estate investment companies created left and right (when theres a gold rush, sell the equipment)
>investment firms are either selling directly to investment firms or people cash rich (investment firms have recently stopped in a lot of markets)
expect this shit to hit the fan sometime later this year/early next year. probably not gonna be anywhere near 2008 but still bad
good news is the overall price might go down
bad new is the month to month will increase
enjoy the ride
reminder: everybody said you were crazy for thinking its a bubble and were quick to dismiss what actually caused it, while ignoring that even if the root of the problem wasnt identified, the symptoms were all there.
Jacob Bailey
>use the federal maximum amount of water per flush
Very based.