I hope you're getting ready to get into the housing market around 2024/25...

I hope you're getting ready to get into the housing market around 2024/25. The only place where you can still outmaneuvre normies is in the residencial housing market. So many people still FOMOd into houses way over a reasonable price in the spring when rates were clearly forecast to rise over the next year. The next couple years are gonna be a struggle for them to meet their mortgages, especially as property tax rises to reflect the pumped markets. I'm getting some cash ready to put down on a place in 3 or so years so I can pick up something nice at the bottom. Also, remember to tip your realtor ;)

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Almost wanna become a realtor just to flip houses and keep from having to pay them a outrageous commission just to post pics on mls and know what papers to sign.

Binging hgtv for inspiration

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Wouldn’t high inflation mean their payments get easier to pay?

I'm in the military and used my past posting to buy, and flip a house with all purchase/closing costs payed for by the taxpayer. When I retire from the military, I'm planning on getting my realtor license for that exact purpose. I have no interest in actually being a realtor, just want the option to find amazing deals before they get to the actual market.

No, because the fed is determined to reduce inflation. It's doing this by increasing interest rates. All in, this will increase payments, while curbing inflation (variable rate mortagers get fucked).

That's exactly what cattle who fomoed at the top was thinking without considering fed might do something about inflation

Lol not when real wages are like -5%

Look up first, second, third order consequences. Most people trying to predict the future focus on first and maybe second order. If you want to actually have the edge, think of 3rd+.

im not going to be buying a house in the city where I live (swedenfag here) - can pick up a reasonable house now with no downpayment. I hear a lot about the housing market cooling off over here and dipping, especially outside of cities in the countryside. So maybe during the winter or some shit when people really are hurting I'll go check some places out.

Nice, I'm thinking of looking for a big plot of land outside of a major city here where I can buy like 40 acres and slowly develop it into a private runway.

>So many people still FOMOd into houses way over a reasonable price in the spring when rates were clearly forecast to rise over the next year.
Interest rates were at the lowest they've been in decades. Buying a home within one's budget with a 30 year fixed interest rate was actually a really good idea.

>The next couple years are gonna be a struggle for them to meet their mortgages
Not if their interest rate is fixed.
>property tax rises to reflect the pumped markets
Property taxes are based on the assessed value of the home. Home values and thus property taxes decrease as rates rise.

>I'm getting some cash ready to put down on a place in 3 or so years so I can pick up something nice at the bottom.
You're forgetting something very important - the supply of single-family residences has been constrained since the Great Recession and new housing starts aren't keeping up due to the cost of materials and supply chain issues:
>Housing starts in the United States tumbled 9.6 percent month-over-month to an annualized rate of 1.446 million units in July of 2022, the lowest since February of 2021 and well below market expectations of 1.54 million. The housing sector has been cooling down amid soaring prices of materials and rising mortgage rates. Single-family housing starts sank 10.1 percent to 916 thousand, the lowest level since June 2020; and starts for units in buildings with five units or more slipped 10 percent to 514 thousand.

>Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.

So here's what's actually going to happen - you'll save your cash for a housing "bottom" that never comes. Interest rates skyrocket, which will cause the price of housing to plateau but not drop. You'll be paying the same price with sky-high rates.

You should have already bought.