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Forum » Watching home prices decline gives me the hardest boner srs
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Thread: Watching home prices decline gives me the hardest boner srs

post 1662839963 06-14-2022, 08:42 AM
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#61
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Itt: homeowners coping harrrrrrrddddd
post 1662840013 06-14-2022, 08:43 AM
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#62
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Originally Posted By sennas⏩
These threads are nothing more than a LARP fantasy by rentcels and some asian dude who pretends to buy and sell houses.


Imagine taking Slaycuck's latest alt seriously...JFL
See ShakeBrah's signature
post 1662840213 06-14-2022, 08:46 AM
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#63
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Originally Posted By TheGoldenBull⏩
Itt: homeowners coping harrrrrrrddddd
Imagine being a renter just wringing your hands in your overpriced rental house desperate for a market collapse so you can afford a starter home

Lmao
post 1662841823 06-14-2022, 09:27 AM
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#64
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Originally Posted By 78novacaine⏩
I don't get what the problem is? I bought at the beginning of last year before the big spike in our area (our no-zillow value has gone up ~40% since then) so it would have to be a crash unlike any we've ever seen for it to put me underwater. And even if that somehow happens, I can still pay my mortgage with ease and my property taxes will decrease significantly, so again, winning. To add, I'm looking to purchase a rental property or two in the next 6-12 months, I guess a crash would hurt me there, oh, wait, nope, that'll be good for me as well since more and more rentcels are being forever priced out of ownership.
I’m expecting a devaluation of 25%. That’s fairly realistic based on interest rates and mortgage prices. If interest rates hit double digits or low teens, then there will be massive decline in home prices probably 40-50%, otherwise no one could afford a mortgage.

Inflation is out of control, so double digit interest rates aren’t off the table.
post 1662842353 06-14-2022, 09:35 AM
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#65
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Originally Posted By ~Hades~⏩
Prices aren’t declining
Originally Posted By TheGoldenBull⏩
Cope
Originally Posted By EasyPassive⏩
Low iq cope
I have real estate offices in 6 cities. You have some low iq posts on the misc and some anecdotal tidbits. We are not the same.
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post 1662842413 06-14-2022, 09:35 AM
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#66
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Hoping for a crash crew. Could care less about my home's value because it's a great opportunity to upgrade with the additional cash on hand. Basically everything is on sale. Then when the market rebounds again, I'll have more appreciation than before, perhaps double.

Just lol if you still don't understand this.
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post 1662843993 06-14-2022, 10:04 AM
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#67
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Bought in December 2019 at $862,500. House down the street with less lot and similar layout sold for 1.4M end of May. I'll take that over your rent savings.
post 1662844533 06-14-2022, 10:17 AM
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#68
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Originally Posted By Vhagar⏩
Imagine being a renter just wringing your hands in your overpriced rental house desperate for a market collapse so you can afford a starter home

Lmao
Was a homeowner till Jan 2022. Sold at the peak of the market

Will buy for homes cents on the dollar

That smug feel


Let me tell you
post 1662845323 06-14-2022, 10:39 AM
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#69
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Originally Posted By DrFeeIGood⏩
When will people learn, it is EASY to get rich:

1) Invest in VOO, VTI or SPY, $500 per month from age 25-65
2) Retire at 65 with $3,167,408

THAT'S IT, it's literally that easy. Add on top of that owning a paid for house and you are set.
Is it really that Fkn simple I mean, wtf
post 1662845603 06-14-2022, 10:46 AM
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Originally Posted By redwine91⏩
Is it really that Fkn simple I mean, wtf
It was during the period of very low interest rates and accommodating monetary policy

There is no guarantee the S&P or other major indices/funds will repeat that performance over the next 40 years as we come out of those conditions and potentially into longer-term higher interest rates
post 1662845703 06-14-2022, 10:48 AM
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I owe $215,000 on a estimated value of $650,000 right now. Locked in at 2.875%, I'm so worried, what do I do Misc?
post 1662845733 06-14-2022, 10:49 AM
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#72
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Originally Posted By TheGoldenBull⏩
Was a homeowner till Jan 2022. Sold at the peak of the market

Will buy for homes cents on the dollar

That smug feel


Let me tell you
Sure you did
post 1662846043 06-14-2022, 10:54 AM
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#73
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of course they have to. What did homeowners expect, keep rising until one day an average home costs $10M in toronto???

the party has to end, unless u want minimum wage to rise to $50/hr.

If ur an idiot who got a variable interest rate, then yes you're f'd. But then again, ur an idiot.
Weight Loss: Go carnivore or keto/low carb. Create calorie deficit. Buy packaged healthy meals if needed. Meat is good and heals, stop being lied to.

Youtube Dr. Shawn Baker to change your life today.
post 1662846113 06-14-2022, 10:56 AM
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#74
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Originally Posted By RocknRollMuscle⏩
If ur an idiot who got a variable interest rate, then yes you're f'd. But then again, ur an idiot.
One of my former coworkers took a jumbo with like 5% down (lol) AND has a demand feature in their mortgage, my mind was full of fuk at the stupidity of some people
Coincel
Florida crew (lol at coldcels)
post 1662846433 06-14-2022, 11:02 AM
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#75
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Originally Posted By ThatGuy950⏩
One of my former coworkers took a jumbo with like 5% down (lol) AND has a demand feature in their mortgage, my mind was full of fuk at the stupidity of some people
Virtually any loan can be called in, at least in Canada.
post 1662846623 06-14-2022, 11:06 AM
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#76
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It’s not just mortgages either, many homeowners are sitting on big HELOC balances etc with rates that are tied to prime
post 1662846913 06-14-2022, 11:10 AM
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#77
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Originally Posted By Destor⏩
It was during the period of very low interest rates and accommodating monetary policy

There is no guarantee the S&P or other major indices/funds will repeat that performance over the next 40 years as we come out of those conditions and potentially into longer-term higher interest rates
Correct. Hindsight is 20/20
post 1662847033 06-14-2022, 11:12 AM
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#78
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Originally Posted By Vhagar⏩
Sure you did
Lol I logged everything on here.

Feels good man


Now I wait as I sip on some bone broth.
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