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Forum » LOL @ the absolute chit show that is the HOUSING BUBBLE
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Thread: LOL @ the absolute chit show that is the HOUSING BUBBLE

post 1650076293 11-02-2021, 01:33 PM
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  1. OPGenesis
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LOL @ the absolute chit show that is the HOUSING BUBBLE

Zillow is running a train on housing costs. They bought 7k homes OVER what the value of the homes were, thinking institutional investors would purchase them, only to have to take a loss on them.

Yea, totally normal market dynamics here. Housing market is BOOMING, since everyone is killing it at their jobs right now.

Market is hot!

No bubble @ all.
One, Zillow is now trying to dump about 7,000 houses, but not to individual homebuyers as originally planned as house flipper, which is obviously too hard and painful. Instead, it’s pitching these houses to institutional investors, trying to get $2.8 billion in total, according to sources cited by Bloomberg. Zillow is likely to sell the houses to a multitude of investors, rather than selling all of them in a single transaction, the sources said.
https://wolfstreet.com/2021/11/01/ai...ash-charge-no/
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post 1650076423 11-02-2021, 01:35 PM
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whos gonna be the goat online home seller now?

**** zillow
*Forever Alone Crew*
*Neg FireofAss Crew on SIGHT Crew*
post 1650076633 11-02-2021, 01:37 PM
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  1. TurkBrah
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New house already gained 25k value since august. feels good man
post 1650076713 11-02-2021, 01:39 PM
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How many copecels are gonna make a thread on this?
"It won't get better, just different."
post 1650076743 11-02-2021, 01:39 PM
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Been saying for a while now: Crash scheduled to happen March 2022....

I honestly can't comprehend how anyone can think the housing market can keep going up and up and up and up and up and up and up and up with no possibility of correction.....
Everything I post is satire.
Tricknology Grand Master.
post 1650076773 11-02-2021, 01:39 PM
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  1. OPGenesis
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Originally Posted By TurkBrah⏩
New house already gained 25k value since august. feels good man
Fake wealth lol.

You're retarded buying at the peak of a bubble hahaha.

Good luck with that upside down mortgage.
Originally Posted By chino3⏩
How many copecels are gonna make a thread on this?
Somebody just purchased a home LMAO.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 1650076923 11-02-2021, 01:42 PM
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Originally Posted By TurkBrah⏩
New house already gained 25k value since august. feels good man
Your house is worth only what someone willing and able to pay for it... just because an appraiser gives it a particular estimate doesn't mean that there's going to be a buyer. Now granted, in this current market you probably will be able to find at least one buyer, but this won't last much longer.
Everything I post is satire.
Tricknology Grand Master.
post 1650077073 11-02-2021, 01:44 PM
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Some markets will never cool off, I.E goat FL, prices stil insane here with no end in sight
post 1650077133 11-02-2021, 01:45 PM
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Originally Posted By OPGenesis⏩
Somebody just purchased a home LMAO.
Exactly, all these guys who are so militant about defending the current bubble are likely first time homeowners with a chip on their shoulder, they're quick to dismiss anyone who sees a bubble as a renter.... This is pure childish naivete....
Everything I post is satire.
Tricknology Grand Master.
post 1650077143 11-02-2021, 01:45 PM
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It should be against the law what they did.

Housing is something everyone needs, we should srsly regulate it. No foriegn buyers. Limits on how many you can own.

Inb4 "free market ****s"

Its fukked srs. My house is like worth 150k imo. Its worth over 1 million now and I thought I over paid at 600k. Chits not right.
post 1650077183 11-02-2021, 01:45 PM
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  1. OPGenesis
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Originally Posted By N0stradamus⏩
Been saying for a while now: Crash scheduled to happen March 2022....

I honestly can't comprehend how anyone can think the housing market can keep going up and up and up and up and up and up and up and up with no possibility of correction.....
Yea, too many idiots blocked out 2008, thinking it can't happen again.

This bubble is even worse than 2008, because the market wasn't allowed to bottom out over a decade ago.

There is no way to escape this one, because rates can't be dropped any lower to create new demand.

We've had rates at 0% for 12 years, the Fed buying billions in MBS's, juicing the market as hard as they can, with shadow banks running a muck.

Now the Fed has an inflation crisis, and needs to raise rates to stop it, and they can't because the whole system will collapse in on itself if they do.

Oh lawddddddd.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


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post 1650077243 11-02-2021, 01:47 PM
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I feel very bad for everyone who bought in this artificial market.
Boycott foodservice industry crew
post 1650077463 11-02-2021, 01:52 PM
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Interesting take on what zillow is doing:

post 1650077503 11-02-2021, 01:52 PM
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#14
  1. HMFIC_BROWSIN
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Fun fact: if everyone says it's a bubble, by definition that means it isn't ....

Don't believe me? Check out something called Bitcoin.
post 1650077543 11-02-2021, 01:53 PM
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  1. OPGenesis
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Originally Posted By HMFIC_BROWSIN⏩
Fun fact: if everyone says it's a bubble, by definition that means it isn't ....

Don't believe me? Check out something called Bitcoin.
Nobody gives a chit about shytcoin, you delusional ****get.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


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post 1650077603 11-02-2021, 01:54 PM
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my place went up 150k since i got it. So happy. Gonna stay another 10 years once Yonge street is more developed in my area its gonna be worth way more.
post 1650077723 11-02-2021, 01:56 PM
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Post deleted by user
post 1650077763 11-02-2021, 01:57 PM
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Originally Posted By nielk⏩
my place went up 150k since i got it. So happy. Gonna stay another 10 years once Yonge street is more developed in my area its gonna be worth way more.
As stated before, fake wealth.

When this thing bursts how far do you think it's going to drop?

Dead srs.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


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post 1650077773 11-02-2021, 01:57 PM
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Originally Posted By rectifryer⏩
I feel very bad for everyone who bought in this artificial market.
you shouldn't. it will keep going up due to the factors causing it. it's a completely different situation than 2008.

fwiw, idothink it's total horsesh!t and before long, nobody will be able to afford a home other than to rent. that said, it's not about to get better as far as a real correction goes. you're going to see the gap drive even wider imo.
post 1650077883 11-02-2021, 01:59 PM
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Originally Posted By N0stradamus⏩
I honestly can't comprehend how anyone can think the housing market can keep going up and up and up and up and up and up and up and up with no possibility of correction.....
Canada 2010-present. Homes have been going up beyond plebs' affordability for a decade. If enough foreign and institutional money keeps coming in, you don't need domestic workers to be buying those houses.
Originally Posted By OPGenesis⏩
Yea, too many idiots blocked out 2008, thinking it can't happen again.

This bubble is even worse than 2008, because the market wasn't allowed to bottom out over a decade ago.

There is no way to escape this one, because rates can't be dropped any lower to create new demand.

We've had rates at 0% for 12 years, the Fed buying billions in MBS's, juicing the market as hard as they can, with shadow banks running a muck.

Now the Fed has an inflation crisis, and needs to raise rates to stop it, and they can't because the whole system will collapse in on itself if they do.

Oh lawddddddd.
FA Crew
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post 1650077963 11-02-2021, 02:01 PM
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  1. OPGenesis
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Originally Posted By 1fast1⏩
you shouldn't. it will keep going up due to the factors causing it. it's a completely different situation than 2008.

fwiw, idothink it's total horsesh!t and before long, nobody will be able to afford a home other than to rent. that said, it's not about to get better as far as a real correction goes. you're going to see the gap drive even wider imo.
Strong understanding of economics, homie.

Plus, there has never been a time in history where a bubble was allowed to grow indefinitely.

You think interest rates will stay at zero forever in this current environment?

The Fed is doing everything in their power to keep this transitory lie going. The problem is the longer they put off raising rates the worse inflation is going to become.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 1650078023 11-02-2021, 02:01 PM
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Originally Posted By OPGenesis⏩
Strong understanding of economics, homie.

Plus, there has never been a time in history where a bubble was allowed to grow indefinitely.

You think interest rates will stay at zero forever in this current environment?

The Fed is doing everything in their power to keep this transitory lie going. The problem is the longer they put off raising rates the worse inflation is going to become.
Hyperinflation is a possible outcome. They can keep printing and inflating and plebs be damned.
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post 1650078093 11-02-2021, 02:02 PM
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Zillow and others need to be regulated. These ****s have screwed the housing market for millions of people.

Secondly, only green card and US citizens should be able to buy and own property.
post 1650078183 11-02-2021, 02:04 PM
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Originally Posted By MuscleXtreme⏩
Zillow and others need to be regulated. These ****s have screwed the housing market for millions of people.

Secondly, only green card and US citizens should be able to buy and own property.
Absolutely. Love how based China does it, foreigners can't hold stock and foreigners can't hold property.
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post 1650078213 11-02-2021, 02:04 PM
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Originally Posted By FA*******⏩
Hyperinflation is a possible outcome. They can keep printing and inflating and plebs be damned.
but it will also screw banks who loan to businesses

we HAVE to raise interest rates

we were ALREADY at 0 before this happened

we were ALREADY in a bubble.
Boycott foodservice industry crew
post 1650078253 11-02-2021, 02:04 PM
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Originally Posted By FA*******⏩
Hyperinflation is a possible outcome. They can keep printing and inflating and plebs be damned.
All I have to say is the markets were coming down in 2019, due to riasing rates just a little, and then luckily Covid just magically happened, saving investors.

Rates dropped back down to zero.

It's game over.

When this does finally reach it's breaking point the culling is going to be biblical.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 1650078383 11-02-2021, 02:06 PM
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Originally Posted By OPGenesis⏩
Somebody just purchasedyet anotherhome LMAO.
ftfy

Question, do you prefer the title "Copecel" or "Rentcel" or would you just prefer "Not gonna make it-cel?"
"It won't get better, just different."
post 1650078463 11-02-2021, 02:07 PM
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Up $60k since January, which is almost a 25% increase. Is this what boomers feel like all the time?
post 1650078533 11-02-2021, 02:08 PM
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Originally Posted By chino3⏩
ftfy

Question, do you prefer the title "Copecel" or "Rentcel" or would you just prefer "Not gonna make it-cel?"
You on that just bought a house cope lol.

Oh lawddddddd.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 1650078723 11-02-2021, 02:10 PM
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"Housing market is in a bubble. I'm gonna wait to buy."

* house prices proceed to go up another 50% *


* house prices 'crash' 15% *

"Perfect time to buy in! Good thing I waited!"

wait wut
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