I think some of the people on the first page are essentially right, their timing is just off. There's no good reason why a house in the middle of a desert is worth 2x as much overnight, meanwhile a house in the rural midwest costs the same today as it did 40 years ago (look up houses around Peoria, IL as an example). A "crash" now would just be a correction to 2020 prices since the run up was so dramatic in those hot markets.

just lol if you're trying to time the property market, even more retarded if you're renting in the mean time

even if housing prices reduce slightly, you're still going to be paying just as much or even more in terms of overall monthly mortgage + interest (i.e. even if mortgage decreases, your interest rate increases and you're paying more in interest).

Will think housing prices will remain resilient as long as people hold on to their jobs. and i'm damn sure they will stop the increase in interest rates if unemployment rates increase and the employment market is still hot with lots of unfilled jobs

TLDR: the housing market won't drop and even if it does, it'll be a little and even then, you're still paying around the same due to the increase in opportunity costs or interest costs

Yeh buddy just stick your money in the bank… oh wait term deposits are 1% and inflation is 20%

All markets have cycles and many times over-correct.

The end result you are trying to say is there are no more real estate and/or economic cycles. This you will find out for sure is a very incorrect assertion as all those “newbies” before you found out. I could even conjecture based on your arguments that the cycles will be deeper this time than in the past.

Regression to the mean.

Don't be over-leveraged.

Bingo


It’s just cope
Prices might come down but not to pre covid levels
Diesel is twice the price it used to be
America and australia run on trucks

Wait, you mean the 25% increase in real estate value over the last 3 years isn't sustainable and totally normal?

Of course housing prices will correct. The simple fact that dramatically higher interest rates have thinned the market at all price points. Economics 101. And when the supply of houses normalizes and unemployment increases look out below.

I can see a 20% correction (maybe more in certain hot areas) to close to pre covid levels but lmao at you wannabe slumlords thinking you'll be picking up properties for half off.

Ok but can you explain this

lol at gojirra just some middle class pleb in Canberra pretending to be a big shot on here.

Property is dropping fast in USA basically I was right. With mountains of layoffs coming this could be worse than in predicted.

Can’t speak for Australian as I’m not there.

I don’t talk about **** I don’t know since I’m not there. That’s advice you should take mate. Living in Canberra and talking and ****ting on the us. You lol stupid since you have probably never even been there.

This is cope. Australians arent talkin about fuel prices, but Americans are, the fuel increases completely wipe out the spending power of Americans.

Are you actually retarded

What part of “record prices in May” is ambiguous

https://amp.theguardian.com/society/...ecord-high-may

Like I said I’m not talking about the Australian market. Australians earning 80k a year aren’t buying 500k homes in Texas where they gabble to pay 20k a year in property taxes. Not even remotely the same product.

A vast majority of people calling a crash are those who are looking for a name for themselves, looking for likes, comments, and shares. When or if it does happen they will say they called it. They have been calling for a impending crash since 2018 because I remember buying my house people saying maybe I should rent for a while.

Surely if you had held off buying based on their advice, they would have compensated you for the capital gains you missed out on

Right?

That’s how that works right?

Of course they wouldn't have! People said I was a sucker paying $200K for a house I could have gotten for $140 a few years ago. Now it's worth about $400K. Now I'm hearing that I should sell it and pocket all that money. And live where? Even bottom tier houses are going for $300K+ now and my house isn't bottom tier. Funny how that is, how the lower end houses are going for so much. Upper end houses have increased in value but not on the same rate. Trailers are going for over $200K. Also people saying to get a equity loan... why?

Well… the answer to the last one is based on all the things you pointed out above.

It enables you to get a prime interest rate/loan amount for another property based on the equity in your current home, without actually selling your current home

I did this numerous times before I started the property development business and deleveraged

It’s a legitimate strategy to build wealth provided you don’t abuse it

As an Australian who works technically based out of US and works for Investment Banking, I'm not listening to some tripe, from a sh*tty fund manager written by some kid based who just finished his masters of Finance at some third tier Aussie uni....probably the same one where Gojirras wife is a feminist lecturer at.

I work in this sh*t and won't be lectured by some kid in Sydney who wrote that sh*t. It doesn't take into account a mountain of things that can't be seen but are clearly causing the price to drop, which they are dropping in the US, forget about Zestiate (which is actually part of the problem why house prices are dropping, but that's another point)

Here's the facts: the majority of Americans can't afford a mortgage over 400k, They can't afford the taxes, Mortgages were given out on worse conditions that the sub prime crisis in 2005-2008 that's why housing is getting wrecked. Add in other factors such as foreign investment dropping (Asian Liquidity private wealth markets have completely dried up) also a lot of the past business purchases of property in US were just Money Laundering, that's now been stopped, not BlackRock, which only bought about 1.6% of the last property cycle. Blackrock also don't buy as much residential property, they are not that stupid, they buy things like Crown Casino in Australia as an example. Americans have over leveraged massively on mortgages, and no one can afford fuel increases, which for all intents and purposes, might be permanent as it's part of the globohom0 agenda.

This is why I work in Global cities, and I'm not tiling driveways in rural NSW for cash jobs and cope by posting and lying that I'm a big shot on a dieing gay Indian bodybuilding forum like Gojirra. I haven't posted on here lately cause I've been busy.

Property is getting wrecked, I've seen this happen before, and its happening again.

So triggered

Don't need a source mate.

You would have to be a legit low iq tard to read vendor related investment advice, especially in 2022 when we have tiktok lol. Investment Banks in US have completely shut down their advisory divisions, all of this advice is done by some plebs out of Ohio now for all banks, same firm actually, prime insourcing.

Source: I work for a major bulge bracket bank.

You've just given me some disclosed doc mate, its not a source. What source do you want?

Keep hustling for those commissions real estate agent brah. Sorry for the record low home sales the last couple of months. Also sorry your job has been replaced by the internet.

Ask and ye shall receive

Data to end April 2022



https://tradingeconomics.com/united-.../housing-index

Starting to see price cuts/houses sitting a little longer than 5 minutes in the four states I’m looking in srs.

Gives me hope bruhs

Lol at using data from the FHFA.

Stick to plowing driveways boyos and tiling bathrooms Gojirra.

Nice. Waiting with cash in both fists.

He’s barely literate.

I’m guessing he struggles to write people’s names on their disposable coffee cups

I don't use autocorrect on my phone mate, busy.....

Let me guess

Someone ordered a double latte Frappuccino venti with some weird hippy milk and 10 different flavourings

Rough break

Should have tried harder in schoolDamnit inafter

Same.

Obviously housing market is neither public nor liquid, so reversion to fundamentals always lag. Until prices catch up to fundamentals and data is published months after the fact, just going to be anecdotal stuff like this.

Remember, housing didn’t bottom from the 2008 crash until 2011.

Until then we just look at anecdotes plus forward-looking data, such as fact that QE is known to create a housing bubble and we just had the most intense QE in US history, home listings have increased, inventory gone up, mortgage applications down etc.

I'll be in Sydney end of Month.

Wanna meet up Gojirra? You'll see.

I meet people all around the world, meeting up with some Canberra suburbanite no big deal pal.