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Forum » House prices continue to rise as supply dwindles (pic)
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Thread: House prices continue to rise as supply dwindles (pic)

post 1661307833 05-14-2022, 05:07 PM
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House prices continue to rise as supply dwindles (pic)

Could someone please explain this chart to me



https://www.statista.com/chart/amp/2...on-the-market/

Spoiler!
lmao





post 1661307973 05-14-2022, 05:08 PM
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In for the coming cope.
post 1661308053 05-14-2022, 05:10 PM
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The economy is imploding as we speak.
post 1661308133 05-14-2022, 05:11 PM
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Originally Posted By OptimusTrajan⏩
The economy is imploding as we speak.
the value of stocks is plumetting.

the economy is pumping HARD.
post 1661308263 05-14-2022, 05:13 PM
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Originally Posted By HMFIC_BROWSIN⏩
the value of stocks is plumetting.

the economy is pumping HARD.
Biden’s America
post 1661308273 05-14-2022, 05:13 PM
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Forgot OP lives in Australia.

Do these real estate threads make any sense anywhere outside of America?
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 1661308323 05-14-2022, 05:14 PM
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Originally Posted By HMFIC_BROWSIN⏩
the value of stocks is plumetting.

the economy is pumping HARD.
Which results in hyperinflation and the loss of middle class savings.
post 1661308583 05-14-2022, 05:18 PM
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Originally Posted By OptimusTrajan⏩
Which results in hyperinflation and the loss of middle class savings.
Well at least your house is worth more

Or maybe your dollars are now worth less, idk
post 1661309393 05-14-2022, 05:34 PM
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March of what year?

4.4b years from now when the sun exploded and swallows earth?
Coincel
Florida crew (lol at coldcels)
post 1661309613 05-14-2022, 05:39 PM
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Originally Posted By ThatGuy950⏩
March of what year?

4.4b years from now when the sun exploded and swallows earth?
Please refer to the below, it clearly states March 2022

post 1661310253 05-14-2022, 05:58 PM
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Originally Posted By r32gojirra⏩
Could someone please explain this chart to me



https://www.statista.com/chart/amp/2...on-the-market/

Spoiler!
lmao





No crash in sight

LMAO I was just like LMAO
post 1661310303 05-14-2022, 06:00 PM
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Originally Posted By r32gojirra⏩
Well at least your house is worth more

Or maybe your dollars are now worth less, idk
Home value doesn't really matter unless you sell it, and then you'd have to buy an overinflated house anyway.

The real goal is raising property taxes.
post 1661310323 05-14-2022, 06:00 PM
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Originally Posted By OPGenesis⏩
Forgot OP lives in Australia.

Do these real estate threads make any sense anywhere outside of America?
His chart shows US housing
post 1661310423 05-14-2022, 06:01 PM
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That chart doesn't indicate supply. At best Days On Market is a loose proxy for supply.

I would think number of listings would be a much better indicator for supply which is easily obtainable. Maybe that didn't support a convenient narrative to write an article about.
Nocrew crew

SS final perma ban request
https://forum.obnoxiousbrutes.com/showthread.php?t=184614323
post 1661310533 05-14-2022, 06:04 PM
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Can’t have people affording homes during the collapse
See you tomorrow
post 1661310633 05-14-2022, 06:05 PM
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Originally Posted By OptimusTrajan⏩
Home value doesn't really matter unless you sell it, and then you'd have to buy an overinflated house anyway.

The real goal is raising property taxes.
What about if I subdivide lots, demolish and build multiple houses and sell them off at massive profits
post 1661310753 05-14-2022, 06:07 PM
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Originally Posted By BraddlesMcGee⏩
That chart doesn't indicate supply. At best Days On Market is a loose proxy for supply.

I would think number of listings would be a much better indicator for supply which is easily obtainable. Maybe that didn't support a convenient narrative to write an article about.
So the houses cost more, and are selling faster

Sounds like a collapse to me
post 1661310843 05-14-2022, 06:09 PM
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Imagine not owning a home currently

I'd rope
post 1661310963 05-14-2022, 06:10 PM
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Originally Posted By BraddlesMcGee⏩
That chart doesn't indicate supply. At best Days On Market is a loose proxy for supply.

I would think number of listings would be a much better indicator for supply which is easily obtainable. Maybe that didn't support a convenient narrative to write an article about.
It tracks decently. Higher number of houses available would generally mean that on average a house would take longer to sell because there are more options

Anecdotally, supply here hasn’t gone up yet, still very low
post 1661311053 05-14-2022, 06:12 PM
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who the fuk is buying all this chit
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post 1661311133 05-14-2022, 06:13 PM
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Gen Z and below are FUKKED especially in Australia/Canada. Going to have to make $350k+ to have the same lifestyle a middle class pleb had a few decades ago

No wonder people aren't having any kids

US isn't as bad though, more low and medium COL city options



post 1661311203 05-14-2022, 06:14 PM
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Originally Posted By HairyWBush⏩
who the fuk is buying all this chit
Probably a lot of investors piling back into the market now that rent moratoriums are over and the share market is a train wreck
post 1661311343 05-14-2022, 06:17 PM
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[QUOTE=r32gojirra post_id=1661307833]Could someone please explain this chart to me

[img]https://cdn.statcdn.com/Infographic/images/normal/27405.jpeg[/img

[URL=https://www.statista.com/chart/amp/27405/us-median-home-price-days-on-the-market/]https://www.statista.com/chart/amp/2...on-the-market/[/URL]

[b]Spoiler![/b][SPOILER]lmao

[img]https://imagecdn.bodybuilding.com/gallery-photo/29855246/e91d03dfe76d4e79b51124a971f3bbe7-610xh.jpg[/img

[img]https://imagecdn.bodybuilding.com/gallery-photo/29855246/e9751384850345f3a011d3ce5fb286a0-610xh.jpg[/img

[/SPOILER][/QUOTE]LMFAO at OP using a graph that ends on[b]March 31st, 2022[/b]Those sales were locked in in January 2022 when the Mortgage Interest Rate was 3.45%. The Current Mortgage Interest Rate as I post this is 5.66%.
[URL=https://www.forbes.com/advisor/mortgages/mortgage-rates/]https://www.forbes.com/advisor/mortg...ortgage-rates/[/URL]
[b]The Housing Market LITERALLY DECELERATED to the slowest pace in 3 years in April 2022[/b]
The Housing Market is like a Freight Train, not a Dodge Viper ACR, it can't stop on a dime, it very slowly decelerates and then stops, goes up and down several times before crashing.
[URL=https://www.cnbc.com/2022/05/10/housing-market-improves-as-rising-mortgage-rates-weigh-on-sales.html]https://www.cnbc.com/2022/05/10/hous...-on-sales.html[/URL]
post 1661311423 05-14-2022, 06:18 PM
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Originally Posted By BrianDaMan⏩
Gen Z and below are FUKKED especially in Australia/Canada. Going to have to make $350k+ to have the same lifestyle a middle class pleb had a few decades ago

No wonder people aren't having any kids

US isn't as bad though, more low and medium COL city options



I have a 5 month old son, going to look around for a block of land to hodl for him now, srs
post 1661311623 05-14-2022, 06:22 PM
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For anyone looking for a non-biased source of info on housing prospects here you go. Going to the misc for any sensible information on a topic is completely a lost caused now. Too many ph aggots trolling with whatever side they stand on acting like jackasses.


https://www.marketwatch.com/picks/th...ne-01652528876
“Homes are still selling over asking price, but the market is shifting,” Marr says. “When you change the thermostat, it takes time for it to cool down.”
“The combination of rising interest rates and rising house prices will push some would-be buyers out of the market, which may result in reduced competition after the summer buying season is over.”
certain areas that have become hot migration destinations, including cities such as Tampa, Phoenix, Nashville and Atlanta, may continue to see high rates of competition on listings.
Even despite signs that the housing market will cool in the coming months, buyers should not expect to suddenly get great deals
“If you find a unit that’s right for you, and you know it’s a place you’re going to stay for an extended period of time, then you should move forward,” she says. “But you don’t need to hurry to lock down a rate.”
"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 1661311633 05-14-2022, 06:22 PM
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Start investing in the northern midwest regions. Once the collapse hits and West turns into a barren dry fiery wasteland everyone will be heading to the midwest. Gonna be a cash cow in 10-20 years srs.

Cali, arizona, nevada etc are gonna be ****ed
post 1661312073 05-14-2022, 06:31 PM
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Originally Posted By sennas⏩
Start investing in the northern midwest regions. Once the collapse hits and West turns into a barren dry fiery wasteland everyone will be heading to the midwest. Gonna be a cash cow in 10-20 years srs.

Cali, arizona, nevada etc are gonna be ****ed
Boise Idaho is actually going to get REKT the WORST.
Florida and Texas are FAR more likely to get REKT than California according to Moodys.
Here's a Moody's interactive map if you click on the link showing where the Housing Market is going to Crash BIGLY. The areas in light yellow will do the best in the next Housing Market Crash. Some markets in light yellow will actually have home prices increase while the entire US housing market is CRASHING BIGLY.
The areas in DEEP Purple are going Crash the worst in history.
https://datawrapper.dwcdn.net/9sWh5/1/
post 1661313183 05-14-2022, 06:53 PM
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Originally Posted By Sal29⏩
Boise Idaho is actually going to get REKT the WORST.
Florida and Texas are FAR more likely to get REKT than California according to Moodys.
Here's a Moody's interactive map if you click on the link showing where the Housing Market is going to Crash BIGLY. The areas in light yellow will do the best in the next Housing Market Crash. Some markets in light yellow will actually have home prices increase while the entire US housing market is CRASHING BIGLY.
The areas in DEEP Purple are going Crash the worst in history.
https://datawrapper.dwcdn.net/9sWh5/1/
Surprised Chicagoland area is yellow. I'm in the burbs and my parents said across the street a house went up for 100k over what the house would have sold at in 2020 (parents bought theirs for 92k for reference), and it sold within 2 days. This was like 2-3 weeks ago. Prices around here aren't as high as say cali, but these price hikes with property taxes is BRUTAL for monthly payments.
post 1661314063 05-14-2022, 07:07 PM
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Originally Posted By Anachron⏩
Think of it this way...

If it is for an investment property, how much difference does it make in the long run if you bid higher?

Now obviously don't go ape**** and go$100K over, but if you doubled by how much you went over, it would have been inconsequential.
Don’t you mean under

It’s a 60% discount dummy
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