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Forum » Fukking LMAO at real estate right now
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Thread: Fukking LMAO at real estate right now

post 1660407983 04-28-2022, 12:27 PM
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  1. rectifryer
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Fukking LMAO at real estate right now

>avg RE buyer dti 40% plus end of 2021, highest in US history
>Fed announces cessation of MBS purchases late 2021
>interest rates double, home shoppers purchasing power down 30%
>Mortgage loan application volume drops to dec 2019 levels
>almost 40% of loan officers laid off since beginning of 2022
>builders currently on the hook as existing builds can't secure financing
>Builders have overbuilt many metro areas
>Census data released, cities with largest rise in prices had net loss of population -- market driven purely by fomo
>largest home builder (lennar) stock down 40% this year
>REITS burning
>700k foreclosures were suppressed in 2020-2021..virtually the entire deficit of supply
>5th month in a row of home sales decline
>dallas fed declares bubble
>real estate bubble now popularly reported, a week after most sources declaring it as impossible

fukking lmao at the misc
Boycott foodservice industry crew
post 1660408483 04-28-2022, 12:37 PM
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InB4 60% discount and people spending 5 pages figuring out the definition of a fixed rate mortgage. Will scroll through quickly and maybe learn something in 4 hours.

Predictions for Florida where migration was strong and COL has potential to increase more so than Cali or New England where its already high?
**Florida Crew**
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post 1660408523 04-28-2022, 12:37 PM
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Originally Posted By naich⏩
InB4 60% discount and people spending 5 pages figuring out the definition of a fixed rate mortgage. Will scroll through quickly and maybe learn something in 4 hours.
tis the burden of 2008 minded individuals

the same mindset keeps people from recognizing new bubbles
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post 1660408633 04-28-2022, 12:39 PM
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Inb4

Coincel
Florida crew (lol at coldcels)
post 1660408713 04-28-2022, 12:41 PM
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How's Florida lookin? I'm ready to buy a cheap trailer as soon as bottom falls out
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post 1660408723 04-28-2022, 12:41 PM
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Originally Posted By ThatGuy950⏩
Inb4

inb4 fortune.com videos lmao

and other propaganda with absolutely no tie in with reality
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post 1660408753 04-28-2022, 12:42 PM
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Post deleted by user
post 1660408813 04-28-2022, 12:42 PM
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Originally Posted By RICHSTRONG⏩
How's Florida lookin? I'm ready to buy a cheap trailer as soon as bottom falls out
Seeing price cuts. Its a bizarre mix of realtors pricing homes at 600k for a normal chitty suburb residence down the block from the same track home priced at $400k now.

Everyone I know from cali is moving back. This humidity is running them out. There are no silicon valley tech jobs here. It is hard cut engineering firm work.

edit: trailers cost more than entry level homes here. They're the golden ticket to 55+ age communities and the sexual debauchery within. I am not exaggerating, dear brother in christ I am not exaggerating. Micco florida has one of the world's largest trailer parks and its shaped like a pentagram.

Those people absolutely fuk.
Boycott foodservice industry crew
post 1660408823 04-28-2022, 12:42 PM
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My area (2nd most unaffordable and desired place to live in canada) is seeing a HUGE shift as well. Prices are still high but the market has completely halted. Nothings moving. People are dropping prices. Just 2 months ago there were MASSIVE bidding wars and houses were selling same day for 100k over asking...

This is only the beginning.

Prices will start dropping significantly by mid summer.

It's over brahs this is all going to crash back down to earth and take out every single person who over extended themselves.


I'm sitting on the sidelines with a bucket load of cash waiting to buy a nice ocean front property for pennies on the dollar by 2023
post 1660408913 04-28-2022, 12:44 PM
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Originally Posted By CanuckGame⏩
My area (2nd most unaffordable and desired place to live in canada) is seeing a HUGE shift as well. Prices are still high but the market has completely halted. Nothings moving. People are dropping prices. Just 2 months ago there were MASSIVE bidding wars and houses were selling same day for 100k over asking...

This is only the beginning.

Prices will start dropping significantly by mid summer.

It's over brahs this is all going to crash back down to earth and take out every single person who over extended themselves.


I'm sitting on the sidelines with a bucket load of cash waiting to buy a nice ocean front property for pennies on the dollar by 2023
Same. If you didn't realize your gains, were they ever really yours?
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post 1660409053 04-28-2022, 12:46 PM
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Current home prices were built on the back of a 0% Fed funds rate and mortgage applications are collapsing in anticipation of a 2% Fed funds rate.

If we do have a recession and the Fed needs to "stimulate demand", the only lever they have left to pull is European style negative interest rates. Then we'll really start going full Weimerica, and yuans will start looking awfully attractive as a reserve currency.

Honestly, the US economy is mortally wounded at this point. $4T in government income and $31T in govt debt means they can't stop debasing to pay it, even if they know debasing will ultimately kill them.
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post 1660409103 04-28-2022, 12:46 PM
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In on oracle of bb.com post

let me know the bottom i want to buy some rentals srs.

also in for real estate to 'crash' 30% and my home still being worth more than I paid.
post 1660409313 04-28-2022, 12:50 PM
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Originally Posted By rectifryer⏩
Seeing price cuts. Its a bizarre mix of realtors pricing homes at 600k for a normal chitty suburb residence down the block from the same track home priced at $400k now.

Everyone I know from cali is moving back. This humidity is running them out. There are no silicon valley tech jobs here. It is hard cut engineering firm work.

edit: trailers cost more than entry level homes here. They're the golden ticket to 55+ age communities and the sexual debauchery within. I am not exaggerating, dear brother in christ I am not exaggerating. Micco florida has one of the world's largest trailer parks and its shaped like a pentagram.

Those people absolutely fuk.
As long as it's not in Jacksonville...I'm Gucci bruh. I plan to fuk with Cialis as my wings.
See monster0ultra's sig
post 1660409323 04-28-2022, 12:50 PM
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AND the government created most of these issues. The American populous will bend over again in November and say, more please, thank you.
post 1660409433 04-28-2022, 12:51 PM
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Love how this place went from daily incel threads to daily rentcel threads
post 1660409553 04-28-2022, 12:52 PM
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Misc, is this bad for us with paid off residential and rental properties? Pls advise???
post 1660409563 04-28-2022, 12:53 PM
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Originally Posted By soaponarope1⏩
In on oracle of bb.com post

let me know the bottom i want to buy some rentals srs.

also in for real estate to 'crash' 30% and my home still being worth more than I paid.
Good for you. You're one of the smart ones who hasnt over extended.

Unfortunately many many many people are up to their necks in debt and will get WRECKED with what's about to come.

Serves them right for over extending. FOMO is a hell of a drug. Any dumbass could watch this market and see it wasnt sustainable.
post 1660410113 04-28-2022, 01:03 PM
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My money is ready
post 1660410263 04-28-2022, 01:06 PM
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Originally Posted By fishnbrah⏩
Love how this place went from daily incel threads to daily rentcel threads
The good news is rent is always free on the misc
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post 1660410333 04-28-2022, 01:07 PM
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Originally Posted By CanuckGame⏩
My area (2nd most unaffordable and desired place to live in canada) is seeing a HUGE shift as well. Prices are still high but the market has completely halted. Nothings moving. People are dropping prices. Just 2 months ago there were MASSIVE bidding wars and houses were selling same day for 100k over asking...

This is only the beginning.

Prices will start dropping significantly by mid summer.

It's over brahs this is all going to crash back down to earth and take out every single person who over extended themselves.


I'm sitting on the sidelines with a bucket load of cash waiting to buy a nice ocean front property for pennies on the dollar by 2023
Sounds nice. Unfortunately my city has the lowest housing stock available in the US. Very close to where I live they're doing prep work for homes starting at $1 Million and after much delay there's building happening everywhere to try to meet demand. Even if housing hits the skids nationally it will still be relatively smooth here.

The US isn't in for a 2008 repeat but it's still not going to be pretty overall. Everyone who isn't planning on moving in the next 5 years should just chill out even if prices decline.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1660410383 04-28-2022, 01:08 PM
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The economy is crashing in general, people are slowing down their buying, recession is incoming.
post 1660410983 04-28-2022, 01:18 PM
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Closed on sale of my rental today. Feels good mayne
mo e
post 1660411063 04-28-2022, 01:19 PM
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Originally Posted By soaponarope1⏩
In on oracle of bb.com post

let me know the bottom i want to buy some rentals srs.

also in for real estate to 'crash' 30% and my home still being worth more than I paid.
Obviously no 30% crash is coming. Even in 2008 nationally prices dropped ~15% and we're nowhere near that repeat. No NINJA loans these days. I think it will be back to the normalcy of it depends where you live. If prices flatlining or even going down a little freaks someone out, they probably sell every time the stock market has a few bad days.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1660411303 04-28-2022, 01:23 PM
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sold in 2018 for 17million

selling today for $77million

can rent nightly for $15,000


thus you could live here for 10 years and still pay less than the asking price...and save money on resale/agent fees etc....moreseo if you got a rental discount as one would

post 1660411583 04-28-2022, 01:28 PM
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Originally Posted By andrepmeet⏩
sold in 2018 for 17million

selling today for $77million

can rent nightly for $15,000


thus you could live here for 10 years and still pay less than the asking price...and save money on resale/agent fees etc....moreseo if you got a rental discount as one would

There's always some people trying to charge outrageous amounts of money for some mega-home in an elite part of LA. Thing is they never sell them for those prices, and they tend to sit on the market forever and need to be halved or some chit to start moving.

Most mega-wealthy people with 100 million dollars to blow on a house prefer to build their own homes anyways, which is the main problem they have when trying to sell this mega-wealth real estate.
post 1660411863 04-28-2022, 01:34 PM
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Originally Posted By rectifryer⏩
>avg RE buyer dti 40% plus end of 2021, highest in US history
>Fed announces cessation of MBS purchases late 2021
>interest rates double, home shoppers purchasing power down 30%
>Mortgage loan application volume drops to dec 2019 levels
>almost 40% of loan officers laid off since beginning of 2022
>builders currently on the hook as existing builds can't secure financing
>Builders have overbuilt many metro areas
>Census data released, cities with largest rise in prices had net loss of population -- market driven purely by fomo
>largest home builder (lennar) stock down 40% this year
>REITS burning
>700k foreclosures were suppressed in 2020-2021..virtually the entire deficit of supply
>5th month in a row of home sales decline
>dallas fed declares bubble
>real estate bubble now popularly reported, a week after most sources declaring it as impossible

fukking lmao at the misc
Link re: census report?

And suppressed foreclosures = | = foreclosures that will be completed.

Given the overall RE market I would think that most people facing foreclosure would have the option to sell their property or catch up their payments if they claim "covid" caused them to get behind.
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post 1660411903 04-28-2022, 01:35 PM
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It's over for everybody
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
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post 1660411943 04-28-2022, 01:36 PM
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lol just LMAOOOOOOOOO at homecels,

Especially those that bought in the last 3 years LMAOOOOOOOOOOOOOOOOOOOOOOOO O O O O O O O O O O

Imagine, just IMAGINE thinking a home is an investment LOLLLLLLLLMAMAMAMAMAOAOAOAOAOAOAOAOAOAOAOOOOOOOOOO OO

Imagine not understanding opportunity cost LMAOOOOOOOOOOOOOOOOO

Imagine being completely locked in a mortgage in this economy LMAOOOOOOOOOOOOOOOO

COPE INCOMING LMAOOOOOOOOOOOOO
post 1660412143 04-28-2022, 01:38 PM
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You're missing the difference here.

Interest rates don't really matter to people buying investment properties.

If rates skyrocket, that's just going to make it harder for your tenants to ever consider anything besides renting.

Beyond that, hardly anyone has adjustable rate loans anymore.

This market will definitely cool off and correct at some point, but it's not going to be a collapse. There's nothing to feed the spiral. People aren't going to randomly foreclose on their homes when their payments stayed the same.
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post 1660412163 04-28-2022, 01:38 PM
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Originally Posted By rectifryer⏩
edit: trailers cost more than entry level homes here. They're the golden ticket to 55+ age communities and the sexual debauchery within. I am not exaggerating, dear brother in christ I am not exaggerating. Micco florida has one of the world's largest trailer parks and its shaped like a pentagram.

Those people absolutely fuk.
Retirement goals right here

The prices might not be entry-level but the sloots are
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