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Forum » PSA: Interest hike in 2022, ,housing crash incoming
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Thread: PSA: Interest hike in 2022, ,housing crash incoming

post 1652682853 12-16-2021, 09:31 PM
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#31
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And all the millennials are in the housing market. They're a huge population group. Demand isn't going down, boyo. You will likely see a cooling effect for pricing increases slowing to a 2% increase. The market will not crash. We are not in the same situation as 2008 when Barney Frank forced banks to give loans to poor people that couldn't pay.
post 1652682963 12-16-2021, 09:33 PM
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#32
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Originally Posted By SaltyDog920⏩
And all the millennials are in the housing market. They're a huge population group. Demand isn't going down, boyo. You will likely see a cooling effect for pricing increases slowing to a 2% increase. The market will not crash. We are not in the same situation as 2008 when Barney Frank forced banks to give loans to poor people that couldn't pay.
Why did all of the millennials enter the market at the exact same time in early 2021? Because that's when prices soared literally overnight.

This whole thing makes no sense long term outside of the dollar losing its value. The same housing shortage existed a year ago, sans fewer homes hitting the market now than pre-covid.
post 1652683453 12-16-2021, 09:45 PM
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#33
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You boyos make sure to come back in this thread and thank me when you're buying a beach front property at 60% discount.....
Everything I post is satire.
Tricknology Grand Master.
post 1652683993 12-16-2021, 09:55 PM
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#34
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Originally Posted By coast2coastam⏩
Why did all of the millennials enter the market at the exact same time in early 2021? Because that's when prices soared literally overnight.

This whole thing makes no sense long term outside of the dollar losing its value. The same housing shortage existed a year ago, sans fewer homes hitting the market now than pre-covid.
The raw material cost for building (and wage increases as of recently) is a big culprit for the large run up in house prices.

The housing market recovery started in 2012. That was roughly when millennials, the current population boom, were age appropriate to start home buying homes. Over the next several years, less and less inventory was on the market which increased prices. Many older and wealthier people were opting to build. Then the pandemic coupled with many new builds drastically increased the new build price and created shortages for building materials. The wealthier people started buying instead of building fueling a bigger run up on housing prices.

Once prices and supply (labor too) for building loosens up, more people will build again and home prices will cool. Who knows when that will be. Wages keep skyrocketing. Prices for labor and supplies will continue to increase so it likely won't happen for a long time.
post 1652684433 12-16-2021, 10:05 PM
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#35
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Originally Posted By knightofday⏩
The ignorance of this guy as to what’s happening is astounding srs
Yeah, ignorant enough to bank more than a mil in pure after-tax profit this year alone, based on my apparently incorrect understanding of “what’s happening”

But do please provide us with your insider illuminati knowledge I’m dieing to know
post 1652684513 12-16-2021, 10:08 PM
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#36
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Originally Posted By TryingBB⏩
What you see right is inflation and low interest rates combined with high demand from the printing press

There may be a correction but don’t expect 2008 all over again. I think.

Wait, what does this mean for the stock market? Tank too if housing goes down?
I think you are pretty much correct.

I am in the process of buying a property (fuk me) and I fully expect a correction to happen as well. I thought about shorting REIT as a hedge, but in reality it will probably be shorting the general market, or at least selling some stocks because if housing goes so too does the stock market.

Who knows? There actually is a housing shortage in lots of places so that will be a major obstacle when it comes to momentum building for a downward trend.
post 1652685113 12-16-2021, 10:25 PM
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#37
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Most building permits for multi family and single family homes since the 70s, high cost of raw material means builders delay production. Huge inventory of new builds coming in 2022 while rates go up thus reducing amount of new buyers. Foreclosures opening up as covid precautions go away. More boomers retiring selling their homes and downsizing. Gen z poor as **** living at home with an ass load of debt.

Supply goes up, demand goes down, prices go down. Once the rents correct the mad dash to liquidate starts, brb Brb
post 1652685433 12-16-2021, 10:38 PM
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#38
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Originally Posted By iabs⏩
Powell did NOT confirm the "3 interest rate hikes" next year, he "expects" the hikes to take place and get this, it will be a whooping .9% by the end of 2022....

Inflation is at 7% right now and they'll counter by increasing less than 1% by the end of next year.....

Smoke and mirrors, folks.
He's lying just like he was lying all through this year lol.

It is very likely he raises rates.

Likely more than 3 times.



Believe me or believe the fed chair.

It's really an easy choice.

He lies but I'm the Truth.

Originally Posted By N0stradamus⏩
You boyos make sure to come back in this thread and thank me when you're buying a beach front property at 60% discount.....
Pretty sure Abzu the Profit called this before you.
I: Self, Lord and Master.

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post 1652686013 12-16-2021, 10:56 PM
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#39
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Originally Posted By ScramFranklin⏩
there would have to be a pretty darn big crash to get me to buy. Prices are so inflated right now.
You mean you’re never buying till you die? Oh wait, cremate crew?

Look at history - prices have always gone up. Buy when you need what you can afford and don’t look back.
**^^ gone ^^**
post 1652686073 12-16-2021, 10:59 PM
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#40
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I agree, I see interest rates sky rocketing. They were nearly 20% in the 80s. Inflation is worse now than then
post 1652686523 12-16-2021, 11:12 PM
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#41
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Originally Posted By coast2coastam⏩
lol it's crazy to think even late 2020 would be reasonable. I saved up enough for a down payment right as this whole thing took off. I can't bring myself to pay $400k for a house that was $200k 1 year ago. I don't care how low interest rates are, I'd rather pay off the $200k quickly and live frugally, than be saddled with $400k for the length of a mortgage, especially if there's any sort of correction.

The only way it makes sense to buy now is if the dollar completely crashes. I feel like I'm screwed either way.

Economically I don't understand it, people don't earn enough to sustain these prices, and if this is the implementation of Schwab's great reset, aren't we supposed to live in pods? Not rent out nice suburban homes? Who's gonna be able to afford the $4k+ a month rent on all those houses?
Dollar has depreciated and inflation happens like clockwork. 20 yrs ago and nice 1 bedroom outside of Austin was $650. Now I’m sure it’s over &1600.

People adjust. We used to be able to buy bread and eggs for under $1.75 not too long ago. How much is it now?

How much is a pound of chicken or beef?

One thing for sure is that middle class is shrinking and poor is completely fuked.
**^^ gone ^^**
post 1652686623 12-16-2021, 11:16 PM
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#42
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What brokerage and investment firm stocks are you shorting in March then?
Coincel
Florida crew (lol at coldcels)
post 1652686703 12-16-2021, 11:18 PM
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#43
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Originally Posted By JeepBruh⏩
I think you are pretty much correct.

I am in the process of buying a property (fuk me) and I fully expect a correction to happen as well. I thought about shorting REIT as a hedge, but in reality it will probably be shorting the general market, or at least selling some stocks because if housing goes so too does the stock market.

Who knows? There actually is a housing shortage in lots of places so that will be a major obstacle when it comes to momentum building for a downward trend.
I’d say go for it. Time in market. Remember that!

God forbid prices were to tank, they will eventually come back up. You will take a short term hit, but that payment you’re gonna be making will be low after 10 or 15 years once you adjust for inflation.

I made the mistake of timing the market and cashing out my entire stock portfolio in march 2020. Just entered the market after waiting for the never arriving correction. ****ing could’ve doubled my money easy without doing anything but oh well.

We’ll make it bruh!
**^^ gone ^^**
post 1652686743 12-16-2021, 11:23 PM
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#44
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I'm banking pureblood cumshots in my freezer, that **** is gonna get me rich in a few years
A million miles away - I don't.. feel.... anything.
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post 1652686853 12-16-2021, 11:26 PM
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#45
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It's already priced in.

And housing prices are determined by supply-demand. You can have interest rates rising and home prices rising along with it.

It just means that plebs will no longer be able to afford a home.
post 1652689143 12-17-2021, 01:15 AM
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#46
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Originally Posted By r32gojirra⏩
Yeah, ignorant enough to bank more than a mil in pure after-tax profit this year alone, based on my apparently incorrect understanding of “what’s happening”

But do please provide us with your insider illuminati knowledge I’m dieing to know
You're banking more than a mil of after-tax profit just this year alone..... Yet you have the time to respond multiple times to this thread instead of being out there living the best life you possibly can...

....you must be part of the $10k/day CEO miscer club....
Everything I post is satire.
Tricknology Grand Master.
post 1652689313 12-17-2021, 01:25 AM
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#47
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my sister just bought a 1960 built home for $710,000

1100 sq/ft

she convinced prices are going to the millions and staying because hyper inflation is here to stay



im hoping is crashes soon cause i'm tryna buy
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post 1652689723 12-17-2021, 02:02 AM
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#48
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I was told I bought at the peak, im a fool ect.

That was 5 years ago at just over 500k, i can fetch over a million now and probably do no subjects and leave garbage on the property

Im sure it will crash this time OP, im sure
post 1652690043 12-17-2021, 02:23 AM
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#49
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Originally Posted By r32gojirra⏩
Lmao

You realise target interest rates are determined by central banks based on stated policy objectives right?

It’s not some exogenous variable in the economy?

What are they teaching kids in school these days, seriously I’d like to know
how to be trannys, how whites are the devil and how not to rape srs
post 1652690623 12-17-2021, 03:02 AM
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#50
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Originally Posted By N0stradamus⏩
You're banking more than a mil of after-tax profit just this year alone..... Yet you have the time to respond multiple times to this thread instead of being out there living the best life you possibly can...

....you must be part of the $10k/day CEO miscer club....
Just started 10 months paid leave from my salaried job too

U mad

Spoiler!
yeh u mad




So again I ask, how ignorant am I?
post 1652691673 12-17-2021, 04:00 AM
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#51
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Originally Posted By r32gojirra⏩
Lmao

You realise target interest rates are determined by central banks based on stated policy objectives right?

It’s not some exogenous variable in the economy?

What are they teaching kids in school these days, seriously I’d like to know
Keynesian economics
INTJ crew
Investor crew
World traveler crew
post 1652691733 12-17-2021, 04:03 AM
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#52
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Originally Posted By gainztrain818⏩
Keynesian economics
In a crisis, Everyone’s a Keynesian

Whether you agree or disagree with Keynes, there’s apparently a generation of people like OP that don’t understand basic macro or monetary policy
post 1652691873 12-17-2021, 04:10 AM
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#53
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they just announced interest rate hikes the other day, you're no financial genius and just a normal plebeian
post 1652698643 12-17-2021, 08:01 AM
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#54
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Originally Posted By ApeMode666⏩
they just announced interest rate hikes the other day, you're no financial genius and just a normal plebeian
I called it before Biden confirmed Powell's nomination, Brainard was never taking his job.

You guys are going to get crushed.

You can't save the damned.

Originally Posted By Abzu⏩
It didn't miss expectations the expectations were cooked.

How did I know it would be a miss and they didn't?

These are the supposed elite, they knew.



The markets are going to crash hard in 2022 and I would say early but it could come as soon as early 2023.

The market makers know this, the administration knows this and I know this.

This is why the administration is teeing up Jerome to take the fall.



They will act surprised but they won't be and I won't be.
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post 1652698853 12-17-2021, 08:05 AM
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#55
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Florida...here I come!
See monster0ultra's sig
post 1652699013 12-17-2021, 08:09 AM
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#56
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OP doesn't know what OP is talking about. I work in the lending industry and the interest rates are intentionally low because we don't make money on interest anymore. We make it on fees. And percentage fees are better with lower interest rates because buyers qualify for more money so the money pool is larger for the houses.
post 1652738503 12-17-2021, 08:59 PM
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How dumb do you have to be to think that the purchasing power of the dollar is going to increase lol
post 1652738923 12-17-2021, 09:10 PM
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#58
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Originally Posted By NextPound⏩
LOL at weekly top is in threads.

How much of a drop we’re the last two housing market crashes and how long did they last?
Hey come on *someone* needs to give hope to the rentcucks
post 1652782203 12-18-2021, 06:00 PM
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#59
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Originally Posted By RICHSTRONG⏩
Florida...here I come!
**** off we’re full
post 1665606563 08-05-2022, 01:31 PM
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#60
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Lol.
I: Self, Lord and Master.

"I rub my hands when my palms itch."

"I call you Son not because you Shine but because you Mine."
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