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Forum » More General Categories » Misc. » I'm priced out of the housing market forever
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Thread: I'm priced out of the housing market forever

post 1445483153 06-02-2016, 09:40 AM
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#91
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Originally Posted By criminal_manne⏩
Yea 900k Monopoly money
braaah i wish Sydney Australia deadset joke for property you wont find anything much cheaper which is relatively close to the city

i cannot pass go or collect 200..

das not it
post 1445484703 06-02-2016, 09:49 AM
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#92
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Originally Posted By Maxpowers88⏩
braaah i wish Sydney Australia deadset joke for property you wont find anything much cheaper which is relatively close to the city

i cannot pass go or collect 200..

das not it
I can confirm, I lived in Sydney for a couple months 4 years ago. Real estate there is absolutely INSANE. Toronto is bad, but it's a joke compared to Sydney. They even list rent prices "per week" to make it sound not as bad. LMAO
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post 1445484843 06-02-2016, 09:50 AM
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Originally Posted By donblaximus⏩
Its in Pemberton Heights north of the river and inside Mopac.

Here you go, here is a 1400sqft house in Texas which is supposedly one of the LOWEST COST OF living states in the country right?

1400 sqft for $1M

http://www.austinhomesearch.com/home...8703-172535130
That's a great location. I love driving south on Lamar when you get close to Pease Park and the skyline comes into view.
post 1445485253 06-02-2016, 09:52 AM
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Just be patient the market will crash again and Buyers with cash will have the pick of the litter.
post 1445485483 06-02-2016, 09:53 AM
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#95
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It will crash soon, very soon. Waiting for it to happen to pounce on some properties.
80% of the time all of the time.
post 1445485613 06-02-2016, 09:54 AM
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Originally Posted By Maxpowers88⏩
braaah i wish Sydney Australia deadset joke for property you wont find anything much cheaper which is relatively close to the city

i cannot pass go or collect 200..

das not it
I'd much rather live in Sydney than Toronto so I could see why. I don't get why San Fran is so expensive. The weather is terrible, earthquakes, etc.
post 1445485743 06-02-2016, 09:55 AM
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#97
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Originally Posted By VISCIOUS⏩
Are you retired or self-employed? The above option does not apply to the average 20-something alpha-wannabee wage slave.
oh gee, well heres an idea... dont be "the average 20-something wanabee wage slave"?
post 1445485753 06-02-2016, 09:55 AM
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#98
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Originally Posted By Roasted⏩
I can confirm, I lived in Sydney for a couple months 4 years ago. Real estate there is absolutely INSANE. Toronto is bad, but it's a joke compared to Sydney. They even list rent prices "per week" to make it sound not as bad. LMAO
deadset joke

you can either rent each week and pay someone elses mortgage off or try to save up and still not have enough... so faaaaaarked
post 1445485853 06-02-2016, 09:56 AM
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Originally Posted By Gsxr25⏩
It will crash soon, very soon. Waiting for it to happen to pounce on some properties.
This.

I live in the bay area and I just sold my house in December and am waiting for the burst. Low interest rates are directing investor money to tech. A few more interest rate increases and companies will start folding, tech workers will be out of jobs, and prices will drop. Might take a bit longer than I was hoping for though..especially if people freak out after each interest rate hike.
post 1445493433 06-02-2016, 10:49 AM
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#100
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Originally Posted By minandmax⏩
This.

I live in the bay area and I just sold my house in December and am waiting for the burst. Low interest rates are directing investor money to tech. A few more interest rate increases and companies will start folding, tech workers will be out of jobs, and prices will drop. Might take a bit longer than I was hoping for though..especially if people freak out after each interest rate hike.
I'm also playing the waiting game.

Do you think the Presidential election will have a big impact on the housing?
post 1445494023 06-02-2016, 10:52 AM
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#101
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Originally Posted By FrankGrimesJr⏩
Pretty much nothing now.

Here is a house in the ghetto for $629k

https://www.redfin.com/CA/San-Franci...4/home/1463776
LMFAO! That is quite literally a piece of **** and it's almost 700k. **** that ****. I would get the fuk out of San Francisco.
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post 1445494613 06-02-2016, 10:56 AM
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#102
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doubt there will be a housing bust anytime soon. i just bought a house and they put you through the ringer to get that loan. luckily i didnt have a hard time, but i see how it could have gotten hairy to get approved for the loan. you really have to be on your game to buy
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post 1445501953 06-02-2016, 11:38 AM
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For anyone living in a city that is seeing big money immigrants buying up the real estate (chinese, arabs etc.), you may be waiting a while for that crash. Cities like London, Vancouver, Sydney, it's all foreign money coming in to launder and protect these guys assets. Half the time they don't even live in the 8 million dollar condo they buy. So as long as you have those forces at play, why would you get a correction? If you're seeing all the locals being priced out and thinking "this doesn't make sense, the bubble will burst" you're not seeing the whole picture.
post 1445515603 06-02-2016, 12:54 PM
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#104
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Originally Posted By ScissorMeSlowly⏩
For anyone living in a city that is seeing big money immigrants buying up the real estate (chinese, arabs etc.), you may be waiting a while for that crash. Cities like London, Vancouver, Sydney, it's all foreign money coming in to launder and protect these guys assets. Half the time they don't even live in the 8 million dollar condo they buy. So as long as you have those forces at play, why would you get a correction? If you're seeing all the locals being priced out and thinking "this doesn't make sense, the bubble will burst" you're not seeing the whole picture.
It just boggles my mind how there are so many filthy rich Chinese people. Does owning a small factory really make them that rich?
post 1445515923 06-02-2016, 12:57 PM
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#105
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Wait 2-3 more years. Another crash is coming.
post 1445516053 06-02-2016, 12:57 PM
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#106
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Originally Posted By StiffSproles⏩
LMFAO! That is quite literally a piece of **** and it's almost 700k. **** that ****. I would get the fuk out of San Francisco.
Build in 1895. Owner live in fantasy world.
post 1445516333 06-02-2016, 12:59 PM
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#107
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Originally Posted By FrankGrimesJr⏩
It just boggles my mind how there are so many filthy rich Chinese people. Does owning a small factory really make them that rich?
Halo bro, evidently you never read capital form Marx. Word factory mean machines. Machines mean high adding of profit. Very strigtforward. Machines and people make profit. More machines more money.
post 1445516663 06-02-2016, 01:01 PM
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#108
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Originally Posted By Trapstar4.4⏩
doubt there will be a housing bust anytime soon. i just bought a house and they put you through the ringer to get that loan. luckily i didnt have a hard time, but i see how it could have gotten hairy to get approved for the loan. you really have to be on your game to buy
Isn't that what everyone said in 2006/2007? Back then no one was able to predict the bad loans would cause the bubble to bust.

There has to be something now that can cause a big bust and no one is seeing it.
post 1445517403 06-02-2016, 01:05 PM
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Originally Posted By ScissorMeSlowly⏩
For anyone living in a city that is seeing big money immigrants buying up the real estate (chinese, arabs etc.), you may be waiting a while for that crash. Cities like London, Vancouver, Sydney, it's all foreign money coming in to launder and protect these guys assets. Half the time they don't even live in the 8 million dollar condo they buy. So as long as you have those forces at play, why would you get a correction? If you're seeing all the locals being priced out and thinking "this doesn't make sense, the bubble will burst" you're not seeing the whole picture.
They also see it as a huge investment. They are buying and selling entire property portfolios, not just residential property, but commercial (restaurants, hotels, golf clubs etc) for hundreds of millions/billions of pounds , seeing 20-30% growth after a few years and taking all the money back to china.
Glad I already bought in London lololol
post 1445518443 06-02-2016, 01:11 PM
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#110
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Originally Posted By StiffSproles⏩
LMFAO! That is quite literally a piece of **** and it's almost 700k. **** that ****. I would get the fuk out of San Francisco.
lmao this. That house would be 100k at most here. My house is literally 3x bigger and I paid 1/4 of that. What a joke.
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post 1445521763 06-02-2016, 01:30 PM
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Can confirm... Managed to buy in the Bay Area for $800k late last year... The mortgage payments are crippling but luckily somehow the house value has already gone up $100k in like half a year and is worth $900k now.

Wish I would have bought a few years back, not sure when the bubble is going to pop but somehow prices are still ripping to new highs all the time.
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post 1445522273 06-02-2016, 01:33 PM
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#112
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Originally Posted By cnatboy⏩
Can confirm... Managed to buy in the Bay Area for $800k late last year... The mortgage payments are crippling but luckily somehow the house value has already gone up $100k in like half a year and is worth $900k now.

Wish I would have bought a few years back, not sure when the bubble is going to pop but somehow prices are still ripping to new highs all the time.
Not to scare you... but this always happens right before the "bubble pops"
Are you not entertained?

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post 1445522513 06-02-2016, 01:34 PM
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Originally Posted By Maxpowers88⏩
deadset joke

you can either rent each week and pay someone elses mortgage off or try to save up and still not have enough... so faaaaaarked
^Accidentally negged this guy, can someone of equivalent reps to me rep him and I'll rep you back?
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post 1445522603 06-02-2016, 01:35 PM
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#114
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I know that feel.

Live in fairfield county, CT.

All the rich *******s from new york live in all my surrounding towns.

1BR/1Bath rent is like $1500 in a tiny piece of chit.
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post 1445522863 06-02-2016, 01:37 PM
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TFW house is worth 200k more than it was 2 years ago

TFW you pay $2300 a month mortgage for a $850k+ bay area house

TFW misc financial geniuses tell you buying a house is a terrible investment, rent a 700sft apartment for $3000 a month and put money in the stock market instead bro
post 1445523033 06-02-2016, 01:38 PM
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lending restrictions are tightening.. rates are going up.. prices will fall..

or if Trump gets elected rates will stay low and lending restrictions will loosen.. then you are screwed
post 1445523133 06-02-2016, 01:39 PM
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Originally Posted By Roasted⏩
^Accidentally negged this guy, can someone of equivalent reps to me rep him and I'll rep you back?
how do you accidentally neg someone?

Regardless, I got him.
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post 1445523213 06-02-2016, 01:39 PM
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Originally Posted By omnip0tent⏩
Not to scare you... but this always happens right before the "bubble pops"
By that logic the bubble has been right about to pop for years now though... I kept thinking the same thing and didn't want to buy because of that... there will be a bubble that pops eventually but I'm not worried about it. If house prices tank dramatically it just means I will be able to buy a much nicer house in a nicer area when the price comes down. If they continue to rise I will profit on the one I live in now.
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post 1445523283 06-02-2016, 01:40 PM
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#119
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Originally Posted By Halfway⏩
TFW house is worth 200k more than it was 2 years ago
I love when people up to their ears in a mortgage says this

What your house appraises for and what it sells for are two completely different numbers bro

Don't get cocky
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post 1445523633 06-02-2016, 01:42 PM
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Originally Posted By BullStampede⏩
how do you accidentally neg someone?

Regardless, I got him.
LOL, I dunno, I clicked rep, typed in comment and when I press submit it said "Thank you for DEDUCTING reputation from this user" so I guess I must of accidentally pressed tab
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