I always laugh when 'experts' pretend to know what the housing market or financial markets will do. Especially when they insist housing just can't keep going up. The price of housing in Canada and Australia is a lot more expensive then most US markets. Yet they seem to think US markets can't get to that same level. As if there is some kind of cap where people will say enough is enough we aint buying houses... Lmao.

You really won't know if its a bad idea for many years.

I know a couple of guys into real estate investing. Net-worth in the 12-15 million dollar range. One does single family homes the other does trailer-parks/apartment complexes/duplexes. If you asked either one of them about the housing market they'll both say they have no fukking idea what's going to happen and that they really don't know that much about the future of the housing market. They most certainly aren't liquidating their holdings because they anticipate a massive crash.


I also know a couple that are both realtors. They also invest in real estate. They are still actively buying homes, they own over a dozen or so single family homes last I heard. And they are still actively buying rent houses and think the markets are only going up. They are also incentivized to this because they each make six figures a year selling homes for/to people... So they'll never talk about the markets gonna crash.




If people that exclusively focus on real estate as a career. Who have holdings with a net worth in the 10-15 million dollar range openly admit they are pretty small time and have no idea what the hell the future holds. How TF are a bunch of miscers that are renters/can't afford to buy one house so confident they know what the real estate markets will do?

No, he couldn’t.

I’m not saying I know exactly what it’s going to do, I’m saying that leveraging yourself that far when you make 80 grand a year and could get fired at any time is pretty foolish. Your friends have the money to play. Most people don’t.

People are playing with fire right now. If we get another democrat administration here in a few months, everyone is going to see who is swimming naked when the layoffs go into overdrive.

Crash bro miscers think you can put this genie back in the bottle



We will venezuelamaxx and become even more of a third world shìthole than we are now, no chance anyone ever cuts government spending, it only gets worse srs

Just fkn lol if you can't build houses(to live and sell them) just fkn lol

Every dad should buy their newborn son a plot of land and begin to teach him how to build a house from a young age. Once he reaches his 30's he will be set for life.

Keep pretending like you didn't bitch for 5 days about dRummphh not making a phone call....and suddenly you have no idea what I'm referring to. Just lol. Pathetic.

Are the international groups still buying up homes; the Chinese the Blackrocks?

Yeah with existing homes in the US, the inventory is just getting back to pre pandemic levels. Demand for existing homes is as low as it was the first year of the Great Recession, so it has to be brutal being a realtor in all but fast growing areas. Still a good time to sell, but not be a realtor.

Chart of months of supply, you can see the last 5 years
https://ycharts.com/indicators/us_ex..._months_supply


Existing homes sales chart, a few options to look at
https://tradingeconomics.com/united-...ing-home-sales


Where this all leads = ???

They still printed so much money it may not matter, the only thing that may (slim chance) cause a minor price correction is massive unemployment and a Black Monday scenario, but they will just fire up the printers again and fuk things up 10x worse long term

Besides, prices were still climbing consistently from 2012-2019 before the scamdemic, so getting back to 2019 levels probably won’t do much

Murica is done

Home prices at all time highs AND rent due in three days?

Absolutely brutal

No, hedge fund buying is down. It really peaked at 3% of all total home sales in 2022 but historically it’s been about 1% a year and it’s less than that now

You did it Joe and Kamala !!!!

No. If memory serves me the only part of the market that's experienced growth in sales volume over the last year has been the $1M+ homes. So it's lopsided compared to the norm, with many or most of those homes being bought by Boomers with lots of equity from their previous home. It's kind of wild to be 70 yrs old and taking out a 20 yr mortgage as many are doing, but I admire the optimism.

Breaking news!Prices for things go up!

Its quite breaking for the miscers that believe the prices on those things are going to drop drastically. And everyone who owns those things are going to be in a massive financial hole.


Some miscers apparently believe it so much they actually sold their home so they can rent with the belief that the housing markets will drastically tank. And they'll somehow be able to scoop up a better home for a much better price in the future. (lol)

Broooooootal

Seriously, wtf are you talking about? How about this, instead of a cartoon gif you have saved to respond to me, you tell me what you’re on about.

Inb4 price of bugs reaches an all time high too

Prices for homes tripled from 2021 in some markets. You're really gonna post that pretending that's in any way normal?

Are housing prices in the middle if nowhere NWT or Saskatchewan insanely expensive? Prices went up the most in markets where there are almost no good paying jobs, not just in NYC and Chicago. In fact they went up far less as a % of what they were in Chicagoland vs somewhere like SW Florida.

the first home i ever bought which i still have has went up x5 in value.

Those miscers will assure you that the rent on their 600ft apartment is less than the current ARMS mortgage on a family home on a 2 acre lot

Lmao

Trailers don’t increase in value and you don’t own the lot

Gtfo my thread

slippin definitely confirmed. prayers brother

Was tired of renting and finally bought a house a few weeks ago. The market for anything desirable is pretty insane due to little to no inventory. I paid over 80k asking on a $1.3 mil property. That is after losing 4 houses where I offered as much as 100k over asking.

No one really knows what’ll happen to the market but ultimately it was time for me to buy as my older one starts kindergarten and the younger two start right behind in pre school. My experience was very humbling. I thought I brought cash and was looking at $mil+ properties so there’d be less competition. I was dead wrong. I was competing with moggers who didn’t GAF about the price and brought cash with no inspection. As I said, anything in a highly desirable area sold either in privates or within 24 hours of coming on the market.

Also found that realtors are playing the market and monopolizing it on certain highly desirable areas. They are in cahoots with each other. My realtor knew exactly which house would come on the market and when. But they only wanted to bring 1 or 2 houses a week in certain areas to keep the supply limited and have a buyer frenzy/bid off. Alternative was to look the house and pay a premium to the seller to stop them from showing it anyone else. It was totally fixed.

In the end we have a house we like and could easily afford, we plan on being there for 20 plus years. But it is totally a sellers market in desirable areas with great schools.

I said no such thing, neither did OP

Where are these conveniently cherry-picked markets,which have nothing to do with this thread, that saw a400%price increase... when the national average since 2021 is12%?
https://fred.stlouisfed.org/series/MSPUS

there won't be any incentive for people to buy at those levels if their intent is to rent them out because the rents will need to be so high for them to break even on cashflow. who would be able to afford renting and paying that much?

It's corporations buying up homes, not families.

It should be illegal for corporations to own single family homes.

Why u no 60% crash in March 2022 tho