Am smooth brain; please no bully. Also pic is old. It’s 6.5% now.
Why haven’t house prices collapsed?
Nicholas Gonzalez
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Justin Allen
Housing is illiquid so it tends to take time for these things to take effect.
Mortgage rates rose in 2006, but market effects weren't apparent until 2007, and the stock market took a shit in 2008
David Bailey
Because they are in the middle of crashing. By the way, houses aren't necessarily going to collapse in prices, because stubborn owners won't necessarily sell at a loss unless they have to.
Isaac Gray
This situation is very different from 2007-2008. Housing may dip but it isn’t going to crash like it did back then.
Jackson Morris
The economy hasnt crashed yet because there are still parasites such as yourself that enjoy a capitalist hellworld and slavery and wake up every day to deepthroat boots and fight tooth and nail for the preservation of the status quo.
It doesnt matter tho because sooner or later the inherent contradictions of your cancerous system will reach a boiling point and your parasitic stockmarket/blockchain will perish and life will flourish again
Until then you will continue being a submissive, obedient, compliant, insecure, scared, angry, hateful and disgusting Any Forums crypto parasite
Ian Campbell
Hi parasite schizo
Eli Roberts
Lol, capitalism is inherent in human nature, sounds like you don't realize the problem is central banking.
Everyone lives paycheck to paycheck, an over leveraged owner with a mortgage will sell their house at a loss before letting it get foreclosed.
Bentley Anderson
takes time to propagate through (less buyers atm but also less sellers) once sellers ALSO have higher mortgage rates (refinancing) thats when the bottom is likely in
1-2 years
Mason Allen
>collapse
two more weeks
Luke Diaz
Everyone has a fixed rate
Better luck next time
Ryan Robinson
Because everyone needs a home and there simply aren't enough of them.
Thomas Watson
Vote harder
Owen Moore
More buyers than sellers
Austin Baker
>an over leveraged owner with a mortgage will sell their house at a loss before letting it get foreclosed.
why wouldn't they just rent it out?
Evan Green
In the UK it makes no sense, my mate got a middle terraced house in a shithole about 6 miles from our city centre for £260,000 (310k USD).
It needs at least £60,000 work done on it, new kitchens, floors, bathroom, carpets, rendering.
So that's over 300k to live in a dump.. Surely it cannot keep rising?
Owen Foster
It's not going to crash fren. You need to stop trying to time the market and focus in your own situation and when the best time is to buy the house you want, FOR YOU.
Cooper Diaz
Perfect storm of increasing interest rates and decreased interest to buy will drive down prices unless artificially supported by big business buying at ridiculous prices but that does not see seem to be going well for Blackrock down almost 2 trillion this year aline kek.
Lucas Parker
Brody Walker
If someone is underwater on a mortgage and failing to make monthly payments, renting out that building is irrational because there would likely be little profit if any to cover the owner's own rent on another property.
Look at New Zealand, Australia, and Canada. Britain is not too far behind, but the U.S. could literally have housing double in cost and achieve comparable levels to the aforementioned countries. Americans have such affordable housing and they often do not realise it.
Brayden Hill
One more time
>THERE (clap)
>IS (clap)
>NO (clap)
>SUPPLY (clap)
Justin Jones
fpbp. Housing market lags everything else by 6-12 mo. It was going sideways for a couple months and is just now beginning to fall. Anyone buying now is an absolute retard who will be underwater in less than a year.
Robert Young
time on market should drop bellow las year's number by the end of the month. I will be all downhill from there.