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Forum » House Prices to Drop 30-50% next year.
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Thread: House Prices to Drop 30-50% next year.

post 1642410503 07-08-2021, 10:01 AM
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#31
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Lmao
ok
post 1642410583 07-08-2021, 10:02 AM
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Originally Posted By BeanGainClovis⏩
It has always been a 2 class system, for hundreds of years in every country in the world.

There are those who work and those who own.

Markets do work in cycles though, that is the fundamental idea of the business cycle.

Recessions are a part of the cycle.
Exactly, Someone is educated and gets it.

Just seeing people making six figs off bullsh*t real estate jobs with no real education in places like Texas and Florida.

That's when you know like in 2008 that a major economic catastrophe is on.

If you went to good universities and not an ex-military pleb you understand these things.

Lol, 90 percent of the real estate jobs won't exist and will be replaced over the coming 5 years by a new incoming class of stupid hot sloots, Seen this twice before already. just lol at believing a house on the outskirts of Houston is worth anything more than 150k

How many old real estate agents do you see? they get spat out by a recession usually.
post 1642411323 07-08-2021, 10:13 AM
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#33
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Interest rate hikes are going to be the trigger that blows this whole thing up, and everyone knows it. Stocks have 20% to correct immediately, RE paper prices fall in line with rate increases, and zombie corporations will fail once they actually have to pay interest on their new debt.

The US is currently in a liquidity trap... limitless money printer dollars don't even stimulate the market any more. The Fed can no longer drive the market up at this point. So the only direction I can see things heading from here is down. Just depends on how long and hot JPow lets inflation burn first and if an underlying market weakness turns a correction into a collapse.
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post 1642411493 07-08-2021, 10:15 AM
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Originally Posted By GeezersPalace⏩
Cliffs

Recession is here.
Could be worse than 2008.
Fuel and food to Skyrocket.
Americans begin to realize they are effectively paying 50-60% of their income to Taxes
stopped here

****ING LOL

"begin to realise"

people who didn't realise it won't realise it
post 1642412543 07-08-2021, 10:32 AM
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#35
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I wonder what will happen to car prices and availability in 2-3 years?

Right now, there just aren't enough cars. The prices are inflated and even used cars are going for way over normal market value. Anyone buying any car now, they're starting their loans way underwater.

What happens in a few years when tons and tons of people have all these cars that they owe way more on than they are worth? They can't really sell them because they'll take a huge loss, so I don't think there will be a huge supply - and if there is, they'll be asking way more than they're worth just to break even.

Weird times.
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post 1642412623 07-08-2021, 10:35 AM
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#36
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Selling house now at inflated price and live in a tent for a year for the dip = profit?
See monster0ultra's sig
post 1642412643 07-08-2021, 10:35 AM
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#37
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Originally Posted By GeezersPalace⏩
Cliffs

Recession is here.
Could be worse than 2008.
Fuel and food to Skyrocket.
Americans begin to realize they are effectively paying 50-60% of their income to Taxes
Distorted WFH polices
The US in general just isn't an efficient economic power anymore. Basically like communism has to find bull**** jobs for 50% of the population.

Adjust Accordingly.

Just ****ing lol if you spent 500k on a 3 bedder in Texas or Florida (Not Miami)
I'll take the over.
post 1642412683 07-08-2021, 10:35 AM
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#38
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This wont happen in my part of the world. We take in chinese money launderers.

See location
post 1642412783 07-08-2021, 10:37 AM
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Originally Posted By GeezersPalace⏩
I work in Investment Banking. It's worse now than in 2008, in 2008 they just gave out low-interest loans, Now they give out loans for just having a 3% deposit. This is worse than 08, The risk instrument has just been flipped over.
You aren't in investment banking if you are talking about mortgages LOL.

Stop frauding bro.
post 1642412813 07-08-2021, 10:37 AM
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#40
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If it happens I'll pick up 2 or 3 rental properties. If it doesn't keep investing in the market. Doesn't matter to me either way.



Do you own a home OP? Or are you hoping for crash so you can afford one?
post 1642412863 07-08-2021, 10:39 AM
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Wishful thinking you *******
post 1642412933 07-08-2021, 10:40 AM
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No more mean tweets!
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post 1642413053 07-08-2021, 10:42 AM
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Speculation or is there a source?

Actually it’s always speculation. But this recession, yeah, it’s going to be worst than 2008. I don’t see how we can recover between national debt, over inflated housing market, and a slow increase in jobs. Not to mention the interest rate is at its lowest. Increasing it will be bad news. Our government has cornered us.
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post 1642413083 07-08-2021, 10:42 AM
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As predicted, the thread is filled with recent home buyers trying to justify overpaying in this market
Training log: http://forum.obnoxiousbrutes.com/showthread.php?t=165829701
post 1642413123 07-08-2021, 10:43 AM
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Originally Posted By GeezersPalace⏩
I'm 35, I've seen this twice before.

in 2008 many housing markets did drop 50% including Texas, Florida etc.

It's time, Just part of the normal cycle, and it's here.
You're 35 and still borderline retarded. There is literally no reason to look to 2008 as a reference point for anything happening today.

I've asked this to every rentcel that is copemaxxing but they never have a fukking answer, but I will try again. What would be the catalyst for a 50% crash?
Originally Posted By MuscleXtreme⏩
How is it harder? People are getting $400k+ loans in some areas with unemployment checks, and $80-90k combined income pre-Covid unemployment.
lol wut? sauce
Originally Posted By topperstyle⏩
Lmao banks are not lending 400k to unemployed people.
this lol
"It won't get better, just different."
post 1642413143 07-08-2021, 10:43 AM
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#46
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Originally Posted By FChumChum⏩
You aren't in investment banking if you are talking about mortgages LOL.

Stop frauding bro.
Yes I am, and Investment Banking salaries have gone right now, that's why there was so much whinging about being underpaid in the past 6 months.
post 1642413183 07-08-2021, 10:44 AM
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#47
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August 2022 - Housing rises another 30%!
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post 1642413233 07-08-2021, 10:46 AM
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Originally Posted By guest89⏩
If it happens I'll pick up 2 or 3 rental properties. If it doesn't keep investing in the market. Doesn't matter to me either way.



Do you own a home OP? Or are you hoping for crash so you can afford one?
Obviously hoping. These threads are always I live in a 360 sq ft apartment for $1800, so houses willl crash so I can buy one cope
post 1642413483 07-08-2021, 10:50 AM
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Originally Posted By GeezersPalace⏩
Yes I am, and Investment Banking salaries have gone right now, that's why there was so much whinging about being underpaid in the past 6 months.
Don't believe you one bit. What group / sector?

Edit: That being said, there are a lot of bankers with little grasp of finance / reality.
post 1642413493 07-08-2021, 10:50 AM
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Originally Posted By GeezersPalace⏩
I work at an investment bank. Your a pleb mortgage broker just face it.

We're all laughing at work. This is worse than 08.

Hope your not over-leveraged. I was in Houston last year 4 uber drivers in a row were studying their "real estate licence" The drop is on. I'm prepared to call it.
I am a rentcel but ever since I worked in a restaurant to put myself through college (CPA now) and saw how many absolute moron coworkers would transition to real estate I lost all respect for them srs. What does a real estate agent even do? fukkin worthless job one step above the service industry and the lowest rung "professional" job one can have
post 1642413503 07-08-2021, 10:50 AM
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Originally Posted By topperstyle⏩
And renters like yourself throwing around speculation if it were gospel.
I rent? News to me!

What speculation did I throw around? Quote me please
Training log: http://forum.obnoxiousbrutes.com/showthread.php?t=165829701
post 1642413823 07-08-2021, 10:54 AM
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Originally Posted By chino3⏩
You're 35 and still borderline retarded. There is literally no reason to look to 2008 as a reference point for anything happening today.

I've asked this to every rentcel that is copemaxxing but they never have a fukking answer, but I will try again. What would be the catalyst for a 50% crash?


lol wut? sauce


this lol
I can’t pretend to claim a specific percentage (50%) but this is a part of the problem:



Socially - narrative economics - we socially engineer the market.
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post 1642414093 07-08-2021, 10:59 AM
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Hope so, looking to buy a house next year.
post 1642414153 07-08-2021, 11:00 AM
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Most people are not understanding that at least 50% of "purchases" are just people selling and buying new houses aka "changing hands." Most have people can't just sell and go live in their car with all their monies. They have families/kids.

They act like millions of joe schmo's are getting loans they cant afford like in 2008 and DIS ECONOMY WILL COLLAPSE.


Tunnel vision clown america at it's finest
Trump 2024

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post 1642414393 07-08-2021, 11:03 AM
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Prices in my area wont be dropping until something stems the flow of Cali *******s fleeing their **** hole.
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post 1642414453 07-08-2021, 11:03 AM
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Originally Posted By FChumChum⏩
Don't believe you one bit. What group / sector?

Edit: That being said, there are a lot of bankers with little grasp of finance / reality.
I work in Risk Governance consultancy side, BMO, CS, CBA, MUFG, JPM, Couple of alternatives consultancies as well, Plus I consult for a couple of LSE AIM Mining companies.

The moral of the story is I'm not a pleb.
post 1642414693 07-08-2021, 11:06 AM
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#57
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Originally Posted By EnochsProphecy⏩
2008 was caused because the banks were giving almost everyone a loan. In today's climate, it's actually very hard to get a loan for a house, much less buying one for the market price. Inflation will go up too. I would bet that time time this year houses will be at least worth 10% more.
Probably right on everything, except it isn't hard to get a loan for a house right now. It is just that it is hard to FIND a house. And if you do, they already received ten offers over the selling price.
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post 1642414753 07-08-2021, 11:07 AM
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Originally Posted By nikonD70s⏩
Hope so, looking to buy a house next year.
I’m in the same boat. I only came to California to make this stupid Cali money til I hit a certain milestone, then heading back to Michigan to buy a real home not a rat nest like these chitty Cali homes.
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post 1642414773 07-08-2021, 11:07 AM
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Originally Posted By dogorman7⏩
Cope Harder bitch

Just accept if you’re young or didn’t buy in the last 8 years by the latest you’re gonna be apart of the propertyless slave class in the near future.

My whole age group is permanently ****ed out of Real estate.

if you’re older and settled in your career and you didn’t buy in the last few years you ****ed up because the inflation is gonna reach unbelievable levels.


All this “ the market is gonna crash” bull**** has been spewed the last 8 years.

Inflation is here to stay boyo. America is moving to a 2 class system. Gonna have to accept it at some point.
This is extremely likely.
Nuggets of Wisdom
post 1642414803 07-08-2021, 11:07 AM
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so i'll get 30-50% less for my current house, but then the next house I buy will also be 30-50% cheaper?!? It's all relative baby
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