This

Lol at rentcels, they never learn

Edit: Holy **** I just read through this thread, these threads get worse and worse and worse lmao

Seems likely. Little nothing special town roughly an hour from the 35 cluster of Georgetown/Round Rock/Pfluggerville- cheapest thing listed for sale is bare dirt for over $50K. Almost an hour the other way to Bryan-College Station. There is a 100+ year old 1 bathroom gut job for $125K that is even farther out.

The property tax is a killer where I am now. I could do a small cash out re-fi and make some repairs and such:



That would be if the property tax rate and valuation of the property remained flat over 30 years. Unless we really do have a massive economic collapse both are more likely to increase as everyone and their brother, cousin, and ex-wife seems to be moving in to the large TX cities.

TX property tax "heat map" by county; lighter color is the lowest county taxes:

I thought that I read or heard something about sawmills only running 2 shifts instead of 3 shifts in the US?

Yup, renting at $1700/ea for the 8 big units, and $1550/each for the 4 smaller units.

Profiting about 1.1M off this in a year and 3 months build/sale time. About $500k of that is simply because building/material cost has gone up so much in the last year and a half.

I did a google search for real estate crash and restricted the results to 2006-2008 and it's hilariously similar. People outright saying the market is rising to fast to burst; it outright defies any logic possible.

You sound like a trumper or covidcel

Just two more weeks you’ll see! Big things are coming! Flatten the curve!

Normalcy bias: things will keep going as they have just getting slightly worse every year. Rome didn’t collapse in a day.

It is. WSJ made a video about the timber and lumber markets on Friday. Timber (raw pine wood) is so over saturated it’s not even funny - there just aren’t enough sawmills to process it into lumber - this is the supply side constraint causing lumber prices to be so high

Also just ****ing lol if your reason for not buying a house in 2021 is because you think you’ll save money buying one in 2022. Unless you’re a retard who is buying in cash, the financing costs from a higher interest rate will offset any price decrease from a housing crash (that will occur in tandem with interest rate increases - these things will not happen separately, you can’t enjoy low housing prices and low interest rates at the same time)

Btw rentcels, my mortgage stays flat while your rents will ago up significantly over the next few years thanks to inflation of peace. Check out the currency exchange charts to see how the value of our dollar is plummeting. This only needs to keep up for another year or so before your rent prices go up 10-20% for your next renewal.

Correction in valuation perhaps..10-20% …..crash free for all like everyone expects not gonna happen.

If a correction happens it will be from the very top of the price, leaving property still highly increased after a theoretical 10-20% drop.

Just raised rents on 3 rentcels in the past 2 months by $500 total. Mortgages stay the same. It's so nice of them to pay my PITI for me!

Hilariously similar like how the banks were giving home loans to anybody with a pulse regardless of income or job stability? Yeah bro that’s exatly what’s happening right now just sit back and wait for that big crash so you can buy multiple $500k houses at 20% of what they are selling for now. You’ll be rich

Hahahahahahaha it's so true

Best time to buy a house was yesterday. Second best time is today.

Central banks have forced themselves into a corner of money printing, low interest rates and mass immigration to keep the corpse that is the west on life support.

Assets real estate, stocks and crypto are only going to go up long term unless there is a complete societal collapse at which point money won’t matter anyway

thank central banks for low rates and flooding the system with liquidity

weak is relative. We're now forcing "strong borrowers" into jumbo loans at 50% dti but you wouldn't know about because you're clueless.
Next you'll say some stupid chit about how mbs aren't going to crash this time around.

There is a full blown housing crisis ahead due to lack of supply and mouth breathers that can’t think past their tits

I’m not your dad to educate you dumb fuks or read your retarded comments but @me in six months and I will be happy to laugh in your peasant face

why do you think the supply will remain suppressed? Literally no one can answer that. People saying housing will return to sane levels aren't the ones in a panic...

Six months a short time period for a major sector of the country. Reminding you in a year would be a better time table.