U.S. home prices crashing 10% to 15%

Doesn't that mean the tax value assessment of real estate would decrease and so the real estate tax would decrease? Also, an existing mortgage would not change so who cares about the value unless you intend to sell the property.

First comes Anger, Then comes Denial. Now it's Acceptance. You accepted the fact your house prices will drop nigga!

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I bought a new construction house in an okay neighborhood in early 2019, before prices, wood all that shit started going crazy. This was for 250k. Now the same houses are going for like 350 from the same builder and people are buying then. I have a kid now and a second one on the way, I want to move to a better school district. So all I'm doing is hoping for a crash so I can pretty much make it out even maybe just a higher interest rate with a house in a better neighborhood. Let's hope it crashes.

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he's still in bargaining, he thinks it will only drop 15%
he has no idea how overleveraged the housing market is

Your 30% up figure is over two years time. The 15% down figure is just the last month. These monthly drops in value will continue through fall into winter. By next spring years of gains will be erased. Next summer home owners will be cutting their loses and dumping homes left and right.

To add, for some reason new construction from big companies, they still are increasing their prices every month by like 2k. I'm not sure what the fuck they are thinking.

>who cares about the value unless you intend to sell the property.
Most buyers the past few years intended to sell in 2-5 years at a profit. These buyers are over leveraged and will be looking to get out. They are gonna be in for a rude awakening as prices plummet.

> Be me
> Buy apartment in 2014 (172K)
> Meet then gf now wife
> Wife buys house in 2015 (145K)
> Sell my apartment in 2019 (300K)
> Move in with wife
> Buy new house together in 2019 (495K)
> Move to new house together in 2020
> Wife sells home in 2020 (300K)
> Left with mortgage of 200K
> House is now valued at 600K+
Keep seething rentoid. Should’ve bought earlier. You missed BTC, and you missed the housing market.

what's wrong with my house? pls help. it wont go down.

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they either drop prices now and go bankrupt right away, or raise prices to create the illusion of having valuable assets on their books and go bankrupt in a few months when cashflow dries up for real. cant blame them for throwing a hail mary.

I only JUST finished school and got a pretty good paying job. It's not fair, I missed out on the covid stocks fire sale, I missed out on the mortgage rate destruction, and now even if I devote everything to saving, society is going to crumble in 10 years anyways.

>House is now valued at 600K
Too bad no one will buy it at that price LOL
Hope you're not planning on moving soon

House flippers are parasites anyhow, screw them

>new construction from big companies, they still are increasing their prices every month by like 2k.
This is changing fast. New home starts are plummeting nationwide. In my area starts are down and builders are cutting prices on existing builds. Buyers are backing out of new construction leaving builders holding their bags. lol

NOBODY WANTS YOUR SHIT
NOBODY WANTS YOUR SHIT

>inane handwaving in a desperate attempt to hide the fact that 1) your wife paid for a huge chunk of the mortgage 2) you traded an apartment and your wife's home for a "$600k" home in what is likely a densely populated area where this "$600k" simply means 1500 square feet in a neighborhood that isn't overrun with niggers (in short: what is inflation)
also your home isn't worth $600k as said.

good
you're right, who would want this view? I'm ruined.

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So the houses I'm looking at, they went up by like 70k over the past 12 months for these new constructions. They have a few houses that are move in ready, but have not sold. They last increased the price on August 18th by 4k. This is for new construction and move in. Like wood prices are down significantly and all these builders said that wood was one factor for why the increased prices in the first place, now wood down and price isn't going down? Sounds Jewish to me

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Yeah and you cannot cash out on that investment because you live there faggot. Houses are meant to be lived in, not used an investment...

Zestimates are fake bullshit and a scam, no one is ever going to buy your house for that money.

I'm not paying a mortgage on my crypto.