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Forum » Imagine buying real estate in 2021
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Thread: Imagine buying real estate in 2021

post 1637450923 04-30-2021, 11:50 AM
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Originally Posted By keyboardworkout⏩
The shortage is due to forbearance protections that are in place and set to expire 6/30 unless Biden extends them again.

Interest rates going up will also cause a price correction as demand decreases.

I bet that there will be a price correction next year.
Lumber futures would like to have a word.
post 1637451753 04-30-2021, 12:04 PM
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#32
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LOL demand is not synthetic.

Just because YOU can't afford housing doesn't mean everyone else can't.

These real estate threads always give me a chuckle - very often the same basement dwellers that complain about not being able to get any dates or matches on their apps.

Do you think there might be a connection? Definitely not your wonderful personalities and defeatist negative attitudes ROFL.

Be back later, gotta go bang my 20 year old German side chick that I took to Vegas 2 weeks ago and did the DIRTIEST chit you could imagine in the 2 bedroom penthouse in Bellagio.
The room had 2 steam showers / sauna's....can you even imagine what went on? Probably not, sucks to be you. How about actually putting in the work to rise to the top? Easier to whine online amirite?
post 1637451763 04-30-2021, 12:04 PM
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Will be buying first home this year. I’m ready to pay over asking. Houses are still cheap IMO. Locking in a mortgage at these interest rates before inflation hits big time seems like a no brainer.
post 1637452113 04-30-2021, 12:08 PM
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Originally Posted By Mj-drewfan32⏩
I hope so OP. I have been on the sideline for almost 6 months now. The prices are unreal right now. The houses in my area are selling like hotcakes (feels). I told my RE agent that I am gonna try again in September/Oct hopefully than things cooled off. In b4 the housing market never pops.

When do you think it will be the right time to look again? is Sept/Oct 2021 a fair timeline?
Three major market forces I see:

timber prices aren't going to come down until 4d 2021, but they're projected to completely return to normal prices

biden extended forebearances till 2022, or is about to

Covid panic buyers have showed signs of relenting, with supply creeping back up

In short, its not gonna collapse in 2021, but it will start to. I wouldn't buy until supply gets back to at least 4 months of inventory, which could easily happen 4q 2022. A 20% reduction of price for in demand areas is VERY likely within the next two years.
Originally Posted By CulturalDecay⏩
LOL demand is not synthetic.

Just because YOU can't afford housing doesn't mean everyone else can't.

These real estate threads always give me a chuckle - very often the same basement dwellers that complain about not being able to get any dates or matches on their apps.

Do you think there might be a connection? Definitely not your wonderful personalities and defeatist negative attitudes ROFL.

Be back later, gotta go bang my 20 year old German side chick that I took to Vegas 2 weeks ago and did the DIRTIEST chit you could imagine in the 2 bedroom penthouse in Bellagio.
The room had 2 steam showers / sauna's....can you even imagine what went on? Probably not, sucks to be you. How about actually putting in the work to rise to the top? Easier to whine online amirite?
I just sold two single family homes LMAO at your assumption.
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post 1637452193 04-30-2021, 12:09 PM
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I agree OP fuk real estate

been living this semi nomadic commie/ casino indian lifestyle for the past month
il just pitch my teepee up somewhere and call it mother earth gift or something

zero debt green alternative lifestyle
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post 1637452313 04-30-2021, 12:10 PM
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Originally Posted By IH8RICE⏩
Lumber futures would like to have a word.
thank god someone looking at lumber futures srs
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post 1637452353 04-30-2021, 12:11 PM
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#37
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Originally Posted By lockdev⏩


Hate to break this to you brah, but interest rates can go negative. It's like the wealthy's ultimate "fuk you" move to the working and middle class.

They've already been doing it in Europe.

The real problem is that the Fed keeps changing the definition of what inflation is in order to keep rates down. It would not surprise me if we went negative, even with crazy asset inflation.

Chit is a ticking time bomb. The Fed thinks they can control the market. This might be true for the short term, but in the long term, it will end badly. It will likely not end badly for the government, or the wealthy. The regular joe is usually who is fuarked in this situation(see 2008's bailouts).
I can't see the world reserve currency going negative. Every country holds USD to buy oil, and selling dollars at negative interest would literally be taxing the whole planet. There'd be talk about getting off the USD reserve.

Holding at zero, sure. They've been close to it for 12 years now and would pry hold it there forever if they could. But I don't see negative.
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post 1637452493 04-30-2021, 12:13 PM
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Originally Posted By lockdev⏩
Brah, you legit just defined synthetic growth.
You don't know what inflation is. It just means your dollars are worth less and SAVERS get crushed. Those with ASSETS get richer. I guess you could argue that environment motivates people to buy hard assets, but that's only applying to the investor class who could already afford it, and who was already buying homes / land to begin with. Povertycels have no money in the first place.

If you are in an inflationary environment what should you do? Save your pennies? Hell no, you go buy hard assets that hold or increase in value. You also buy securities / stocks. For once you bitcoin / crypto *******s actually have a reasonable case for buying crypto rather than hype from idiots who don't understand finance or investing.

I don't think inflation is good, but it's better than the alternative which is raising interest rates when the economy is still weak from the 'rona and the terrible economic polities that are already coming down the pike from these crazy woke democrats. Taxes be raised, tax cuts being removed, printing Trillions in cash, corporate taxes increased, low wage low skilled immigrants flooding across the border, crime already spiking, a $2Trillion "infrastructure" bill which only has $600B for actual infrastructure.....you know what the rest is right? Yep, $1.4TRILLION of pork spending for democrats corruption and fraud to pay off all the poverty pimps and special interest groups that helped Biden fraud his way into the WH.

I hope you all enjoy it - I'll be continuing to get richer by holding hard assets and securities.
post 1637452703 04-30-2021, 12:16 PM
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Originally Posted By CulturalDecay⏩
You don't know what inflation is. It just means your dollars are worth less and SAVERS get crushed. Those with ASSETS get richer. I guess you could argue that environment motivates people to buy hard assets, but that's only applying to the investor class who could already afford it, and who was already buying homes / land to begin with. Povertycels have no money in the first place.

If you are in an inflationary environment what should you do? Save your pennies? Hell no, you go buy hard assets that hold or increase in value. You also buy securities / stocks. For once you bitcoin / crypto *******s actually have a reasonable case for buying crypto rather than hype from idiots who don't understand finance or investing.

I don't think inflation is good, but it's better than the alternative which is raising interest rates when the economy is still weak from the 'rona and the terrible economic polities that are already coming down the pike from these crazy woke democrats. Taxes be raised, tax cuts being removed, printing Trillions in cash, corporate taxes increased, low wage low skilled immigrants flooding across the border, crime already spiking, a $2Trillion "infrastructure" bill which only has $600B for actual infrastructure.....you know what the rest is right? Yep, $1.4TRILLION of pork spending for democrats corruption and fraud to pay off all the poverty pimps and special interest groups that helped Biden fraud his way into the WH.

I hope you all enjoy it - I'll be continuing to get richer by holding hard assets and securities.
people with existing real estate get richer. people buying at this time get the double ended fist dildo of god's chosen.
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post 1637452973 04-30-2021, 12:20 PM
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#40
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Which falls faster:

The value of your house in a crash
OR
The value of your USD mortgage in biden's america?

Imagine not debtmaxxing with real estate in 2021...
They got little baby legs that stand so low
you got to pick 'em up just to say hello.
post 1637453173 04-30-2021, 12:23 PM
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not a single person in this thread even mentioned that its possible to buy properties unencumberedlol how poor are you folks
post 1637453193 04-30-2021, 12:23 PM
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#42
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Originally Posted By Anachron⏩
If that's all that happens, you're going to end up behind.
It will trend lower after, but most people can't wait very long or don't want to, so two years is a reasonable point to discuss.
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post 1637453213 04-30-2021, 12:23 PM
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#43
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Originally Posted By rectifryer⏩
Three major market forces I see:

timber prices aren't going to come down until 4d 2021, but they're projected to completely return to normal prices

biden extended forebearances till 2022, or is about to

Covid panic buyers have showed signs of relenting, with supply creeping back up

In short, its not gonna collapse in 2021, but it will start to. I wouldn't buy until supply gets back to at least 4 months of inventory, which could easily happen 4q 2022. A 20% reduction of price for in demand areas is VERY likely within the next two years.



I just sold two single family homes LMAO at your assumption.
This this this. I’m moving q2 of 2023. Hopefully things are starting to settle in the area I’m looking at. Companies are wanting 80-100k over what they were asking for a year ago.
post 1637453483 04-30-2021, 12:26 PM
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#44
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Originally Posted By me12inch⏩
not a single person in this thread even mentioned that its possible to buy properties unencumberedlol how poor are you folks
My house I just sold was free and clear. If interest rates are under 3% when I buy again, I will not be buying with cash. If interest rates are high, then prices will be way down and I will buy with cash.
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post 1637453553 04-30-2021, 12:28 PM
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Bought my house for 360 2 years ago could probably sell it for 500k right now.
Thanks for the free money and cozy place to stay at.

Forgot to mention it's paid off. It's pretty nice living rent free ******* op looool at paying some boomer to stay at his place
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post 1637453673 04-30-2021, 12:30 PM
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Guys you can buy a house for 250K at 2% annual interest over 15 years, paying out a $30K interest

Or

You can buy the same house for half off after interest rates rise to 13%, and you pay the same amount

You understand the banks get the value of the house regardless right?
post 1637453783 04-30-2021, 12:31 PM
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Originally Posted By Anachron⏩
So you're thinking that after the initial correction, it will continue to go down, for multiple years?

I need to find that picture of Picard.
Yeah I do. There are multiple factors that have to be considered, all have the individual potential of causing major changes in real estate. They also all come to roost in the following years.

lumber prices -> panic buyer remorse -> forebearance properties finally hitting market

So yeah, 20% in two years then a return to the trend from 2016. Properties were already getting inflated in 2015 with lower interest rates. I think interest rates will remain low because all of this will hit the fukkin fan, forcing the fed to hold interest low for years. People who were previously in equity with their mortgage despite forbearance WILL find themselves under coming end of 2022 if they bought within the last five years.

the fact of the matter is that the market is ALREADY the result of the gov't buying 120bn of mbs a month and the inflation that comes along with such actions. We're here.
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post 1637454593 04-30-2021, 12:45 PM
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Originally Posted By shoelaces⏩
Price correction in real estate won't happen. There is a massive shortage and a never ending demand.
This is entirely accurate.
post 1637454703 04-30-2021, 12:47 PM
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Listen to a basement dweller or listen to Dave Ramsey’s advice of buying now even in this ridiculous market because prices are not going to go down. 2008 will not happen again. I’m building a house on 8 acres in “the most desirable area in the country”. Chitty time to build because of the price of lumber but I will have instant equity and a small ****** of land. Paying 212$ per foot while homes are selling for 350+ per foot. Lol @ sad Kent OP
post 1637454733 04-30-2021, 12:47 PM
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#50
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jakes on you *******, I bought my house in 2020

post 1637455093 04-30-2021, 12:52 PM
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Originally Posted By Anachron⏩
I'm quoting this goldmine to bump later.

I'm literally laughing in real life, I can't even reply to that post.

Edit : Wait, no, you're OP, I am screenshotting this chit.
how exuberant of you
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post 1637455343 04-30-2021, 12:55 PM
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Originally Posted By CulturalDecay⏩
LOL demand is not synthetic.

Just because YOU can't afford housing doesn't mean everyone else can't.

These real estate threads always give me a chuckle - very often the same basement dwellers that complain about not being able to get any dates or matches on their apps.

Do you think there might be a connection? Definitely not your wonderful personalities and defeatist negative attitudes ROFL.

Be back later, gotta go bang my 20 year old German side chick that I took to Vegas 2 weeks ago and did the DIRTIEST chit you could imagine in the 2 bedroom penthouse in Bellagio.
The room had 2 steam showers / sauna's....can you even imagine what went on? Probably not, sucks to be you. How about actually putting in the work to rise to the top? Easier to whine online amirite?
are you really 38 ?
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post 1637455513 04-30-2021, 12:57 PM
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prices are up cause to dems are destroying out currency. even if xiden allows banks to repo the delinquent houses, there's plenty of chyna money waiting to scoop them up.
post 1637455993 04-30-2021, 01:04 PM
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No one knows wtf is going to happen with the market, both real state and stocks/crypto. The FED is keeping this whole charade going with QE and renters/mortgage forbearance.

The Trillion dollars question is, how much longer can they keep this up?
300 Forever
post 1637458323 04-30-2021, 01:35 PM
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Originally Posted By iabs⏩
No one knows wtf is going to happen with the market, both real state and stocks/crypto. The FED is keeping this whole charade going with QE and renters/mortgage forbearance.

The Trillion dollars question is, how much longer can they keep this up?
Let's break down the logic in this thread

People are either claiming that you MUST buy now because housing will NEVER be affordable again

or

people are panic buying and the market is likely to fall substantially once this passes

Which one sounds more realistic?
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post 1637458603 04-30-2021, 01:40 PM
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Only a total fcccking fool would not see the parallels with the 2008 housing crisis.
Everything I post is satire.
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post 1637458673 04-30-2021, 01:42 PM
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Originally Posted By rectifryer⏩
Let's break down the logic in this thread

People are either claiming that you MUST buy now because housing will NEVER be affordable again

or

people are panic buying and the market is likely to fall substantially once this passes

Which one sounds more realistic?
To answer those questions first we must ask...

What would bring the real estate market down?

Then you start to see the bigger picture.
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post 1637458913 04-30-2021, 01:45 PM
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just fuking lol at rentcels

if you're starting out, sure.

but america is the greatest country in the world, everyone wants to live here, sooner or later, the population is going to increase and more demand for houses means you're ****ed if you don't have a house right now
post 1637458993 04-30-2021, 01:47 PM
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Originally Posted By iabs⏩
To answer those questions first we must ask...

What would bring the real estate market down?

Then you start to see the bigger picture.
the drastic reduction in demand as the single largest component, that is also the majority force in the market, covid panic buyers stop buying.

as well as an increase in supply as weary builders start building on a larger scale as lumber prices drop as project by quite literally everyone in the lumber market.

I don't know how many signs people need aye lmao

Example:
Originally Posted By forthenoodz⏩
just fuking lol at rentcels

if you're starting out, sure.

but america is the greatest country in the world, everyone wants to live here, sooner or later, the population is going to increase and more demand for houses means you're ****ed if you don't have a house right now
pure fear and fomo
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post 1637459803 04-30-2021, 02:02 PM
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Originally Posted By forthenoodz⏩
just fuking lol at rentcels

if you're starting out, sure.

but america is the greatest country in the world, everyone wants to live here, sooner or later, the population is going to increase and more demand for houses means you're ****ed if you don't have a house right now
The thing that makes me go wut, is when people talk about having a house worth 500k, in an area where you cant get cheaper, and talking like they have something. You dont have anything other than a place to live if you never sell and move.
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