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Forum » Housing Bubble Officially Burst Still March
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Thread: Housing Bubble Officially Burst Still March

post 1663818903 07-03-2022, 08:41 AM
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#61
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Originally Posted By mulletwarrior⏩
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.
This.

Your a f**king retard Anachron How's your Real Estate business going? every agent on my social media is coping hard for leads, 6 months ago they rejected everyone who came there way. That's a drop of major proportions boyos, Hence March is likely the date things officially turned.
post 1663818943 07-03-2022, 08:42 AM
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#62
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Originally Posted By GeezersPalace⏩
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.
Lmao

Double shot macchiato please

Keep the change
post 1663818963 07-03-2022, 08:43 AM
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#63
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Originally Posted By r32gojirra⏩
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 school



Damnit inafter
I'll be in Sydney end of month. Let me know if your ballsy enough to meet up and see for yourself. I meet with people all around the world, meeting up and having a good chat with some Canberra surburbanite is no big deal to me.
post 1663819003 07-03-2022, 08:44 AM
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#64
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Originally Posted By r32gojirra⏩
Lmao

Double shot macchiato please

Keep the change
Made the offer pal. Put up or shut up. You can meet me outside Chifley Square
post 1663819043 07-03-2022, 08:45 AM
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#65
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Originally Posted By GeezersPalace⏩
I'll be in Sydney end of month. Let me know if your ballsy enough to meet up and see for yourself. I meet with people all around the world, meeting up and having a good chat with some Canberra surburbanite is no big deal to me.
Sorry I’m not on Grindr
post 1663819303 07-03-2022, 08:49 AM
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Originally Posted By r32gojirra⏩
Sorry I’m not on Grindr
I know full well your a loser boomer who acquired all your homes from your parents just like every other middle-class pleb including myself in Australia has and will do. We are rich in Australia mate, you and I both know this.

Offer will always stand, I will walk out of Chifley square Tower (All Investment Banks in that building) you can see for yourself. Looking forward to a good Flat White.
post 1663819353 07-03-2022, 08:51 AM
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Originally Posted By GeezersPalace⏩
I know full well your a loser boomer who acquired all your homes from your parents just like every other middle-class pleb including myself in Australia has and will do. We are rich in Australia mate, you and I both know this.

Offer will always stand, I will walk out of Chifley square Tower (All Investment Banks in that building) you can see for yourself. Looking forward to a good Flat White.
You don’t sound unhinged at all

What could go wrong

post 1663819403 07-03-2022, 08:53 AM
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Originally Posted By r32gojirra⏩
You don’t sound unhinged at all

What could go wrong

Truth hurts doesn't it pal.
post 1663819423 07-03-2022, 08:54 AM
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#69
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Originally Posted By mulletwarrior⏩
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.
This guy gets it.
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post 1663819523 07-03-2022, 08:57 AM
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#70
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Originally Posted By GeezersPalace⏩
Truth hurts doesn't it pal.
Sure, becauseI’mthe one that got triggered

Lmao



I don’t put no lotion in no baskets for nobody

Good news is you’re ready for stage 2

Denial- acting like nothing’s wrong. Common lines include: “buying a house is a terrible financial decision, better to rent and invest the difference in index funds” and “who would want to lock themselves into a mortgage, what if I need to move for my career” (narrator: he in fact never moved for his career). Also: “I’d rather the landlord paid all the maintenance” (narrator: costs which the landlord passed directly back to the tenant) “it’s crashed before; it can crash again!” “Once interest rates go up, I’ll be able to use my “savings” to scoop up a bargain for pennies on the dollar!” “It’s cheaper to rent!”

Anger- at this point the rentcel lashes out at everybody and everything. It’s the fault of baby boomers, the central bank, men in tiny hats, foreign investors, Blackrock, REITS, their employer, Bidenflation… anyone but themselves.
post 1663819853 07-03-2022, 09:04 AM
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Offer Stands
post 1663819953 07-03-2022, 09:06 AM
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Originally Posted By GeezersPalace⏩
Offer Stands
Sorry man I’m
a) married
b) straight
c) out of your league
post 1663820143 07-03-2022, 09:10 AM
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Just lol if you needed mommy & daddy to help you out with buying a home and still feel like you actually worked for it dead srs.

You people make 100k/y and make a big deal about paying 500k for a house on a 30 year mortgage?

Come to Europe and play on hard mode where a family home cost around 20x annual income
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post 1663820353 07-03-2022, 09:13 AM
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#74
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Originally Posted By Lowkick⏩
Just lol if you needed mommy & daddy to help you out with buying a home and still feel like you actually worked for it dead srs.

You people make 100k/y and make a big deal about paying 500k for a house on a 30 year mortgage?

Come to Europe and play on hard mode where a family home cost around 20x annual income
Strong this.

I bought my house in 2007 (AYYYYYE) and still feel like I struck a deal compared to Euros and Canadians.
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post 1663822353 07-03-2022, 10:02 AM
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I definitely think housing is a great investment that'll pay off in the long-run. That said, I am kind of wondering how the hell prices can stay as high as they have been. I make well over $150K yet still struggle to buy a decent SFH in the metros that have jobs that pay what I'm making. Let's not even include crazy expensive metros, like NYC/SF, into the equation where I basically either have to be in a profession that earns $400K a year (highly improbable) or have to hit the lottery on a startup exit where I got options at a good price.

Without intending to sound boastful, I just don't get how any of this is sustainable when someone like me, who is doing extremely well statistically speaking (not by misc standards), struggles to buy a home in most desirable markets. Like how are the other 93% or so who are earning a lot less than me even supposed to get by at this point and what does that mean for the security/stability of our country internally?
post 1663823613 07-03-2022, 10:29 AM
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Originally Posted By imbeingcereal⏩
I definitely think housing is a great investment that'll pay off in the long-run. That said, I am kind of wondering how the hell prices can stay as high as they have been. I make well over $150K yet still struggle to buy a decent SFH in the metros that have jobs that pay what I'm making. Let's not even include crazy expensive metros, like NYC/SF, into the equation where I basically either have to be in a profession that earns $400K a year (highly improbable) or have to hit the lottery on a startup exit where I got options at a good price.

Without intending to sound boastful, I just don't get how any of this is sustainable when someone like me, who is doing extremely well statistically speaking (not by misc standards), struggles to buy a home in most desirable markets. Like how are the other 93% or so who are earning a lot less than me even supposed to get by at this point and what does that mean for the security/stability of our country internally?
Yeah this is one of those unqualitative things where it “doesn’t feel right” but you can’t really find this reflected in hard data.
mo e
post 1663824153 07-03-2022, 10:46 AM
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Originally Posted By GeezersPalace⏩
I know full well your a loser boomer who acquired all your homes from your parents just like every other middle-class pleb including myself in Australia has and will do. We are rich in Australia mate, you and I both know this.

Offer will always stand, I will walk out of Chifley square Tower (All Investment Banks in that building) you can see for yourself. Looking forward to a good Flat White.
Originally Posted By GeezersPalace⏩
Offer Stands
Originally Posted By Anachron⏩
Hey...

Baristas have feelings too.
Anachon, take him up on his offer. Don't pussy out if he's willing to actually do it

You get your proof that he's not just some dude talking out his ass on the internet.

We get a conclusion to this instead of you guys just going back and forth.
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post 1663824313 07-03-2022, 10:52 AM
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#78
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Originally Posted By mulletwarrior⏩
Yeah this is one of those unqualitative things where it “doesn’t feel right” but you can’t really find this reflected in hard data.
Chart is as of March. Even worse now. Affordability index looks at median house price, incomes, interest rate



https://www.nar.realtor/research-and...ex/methodology





post 1663825193 07-03-2022, 11:17 AM
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Originally Posted By whitepaper⏩
Anachon, take him up on his offer. Don't pussy out if he's willing to actually do it

You get your proof that he's not just some dude talking out his ass on the internet.

We get a conclusion to this instead of you guys just going back and forth.
Originally Posted By Anachron⏩
The offer wasn't made to me, it was made to r32gojirra.

Not flying halfway around the world to meet some chit tier LARP troll.
My bad.


r32gorilla, take him up on the offer
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post 1663825633 07-03-2022, 11:29 AM
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Originally Posted By xxAchillesxx⏩
Wife's in real estate. She just spoke with an agent who, within 4 hours of posting a "notice to go to market" (not even officially listed yet), they got 4 sight unseen offers to purchase as-is (pending a 4 day home inspection period), $60k over alleged listing price.
Let me guess, they aren’t paying cash….

People that have that much cash aren’t that friggen stupid. Bubble pop here we come….
post 1663825943 07-03-2022, 11:37 AM
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Originally Posted By imbeingcereal⏩
I definitely think housing is a great investment that'll pay off in the long-run. That said, I am kind of wondering how the hell prices can stay as high as they have been. I make well over $150K yet still struggle to buy a decent SFH in the metros that have jobs that pay what I'm making. Let's not even include crazy expensive metros, like NYC/SF, into the equation where I basically either have to be in a profession that earns $400K a year (highly improbable) or have to hit the lottery on a startup exit where I got options at a good price.

Without intending to sound boastful, I just don't get how any of this is sustainable when someone like me, who is doing extremely well statistically speaking (not by misc standards), struggles to buy a home in most desirable markets. Like how are the other 93% or so who are earning a lot less than me even supposed to get by at this point and what does that mean for the security/stability of our country internally?
Around here the Puerto Ricans buy one house and then 14 people live in it all contributing to the bills and the mortgage.
post 1663826903 07-03-2022, 11:59 AM
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#82
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My house’s value keeps going up

What does it mean??? 😭
We’re all gonna make it.
post 1663827223 07-03-2022, 12:05 PM
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Originally Posted By Anachron⏩
It means you're screwed since you didn't invest the difference into index funds.
So what if your mortage + escrow payment is less than rent for most decent apartments around? Building equity AND investing the difference into index funds.
post 1663832293 07-03-2022, 01:51 PM
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Originally Posted By Anachron⏩
I did ask about that in an earlier thread, how do rentcels invest a negative difference? Are they liquidating their investment portfolio?

I never got an answer.
It's about the down payment...
A down payment of 100k accumulates to almost 600k in 30 years if you take a conservative +6%/y

It's funny how hard this is to grasp for some people.

I bought my home because at the time it seemed like a good deal, but acting like real estate is (or has been) a better investment than the stock market is idiotic.
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post 1663833083 07-03-2022, 02:05 PM
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#85
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Originally Posted By Anachron⏩
I did ask about that in an earlier thread, how do rentcels invest a negative difference? Are they liquidating their investment portfolio?

I never got an answer.
But there is no "difference" in 99% of cases. The same property will mortgage for cheaper than renting. You could buy a condo and even with association fees and maintenance fees will be much lower than renting the same unit. Even if you don't have the 20% so you do a FHA and have to pay PMI, you're still cheaper although not my much. However, while rent will continue to climb, your mortgage won't. Meanwhile your condo's value will continue to climb, hopefully, and you'll get your money back. THEN YOU CAN TAKE EVEN LARGER AMOUNT YOU SAVES AND PUT IT INTO "INDEX FUNDS". So what LowKick is talking about isn't adding up.
post 1663833203 07-03-2022, 02:06 PM
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Originally Posted By Lowkick⏩
It's about the down payment...
A down payment of 100k accumulates to almost 600k in 30 years if you take a conservative +6%/y

It's funny how hard this is to grasp for some people.

I bought my home because at the time it seemed like a good deal, but acting like real estate is (or has been) a better investment than the stock market is idiotic.
VA loan.



Plus you're acting on the absurd assumption that most rentcels are actually doing that. They had, or would have had, a whole 100k downpayment ready that they instead chose to invest in the stock market.
post 1663833723 07-03-2022, 02:15 PM
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Originally Posted By Lowkick⏩
It's about the down payment...
A down payment of 100k accumulates to almost 600k in 30 years if you take a conservative +6%/y

It's funny how hard this is to grasp for some people.

I bought my home because at the time it seemed like a good deal, but acting like real estate is (or has been) a better investment than the stock market is idiotic.
Yeah, but most ppl are able to be way more leveraged on home - that is why it becomes good investment.

Don't think there are many ordinary ppl getting 80:20 margin loans to buy stonks.
mo e
post 1663835103 07-03-2022, 02:45 PM
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Originally Posted By Anachron⏩
Fukin LOL @ downpaymentcels srs.

It's funny how hard this is to grasp for some people.

Protip : Do not look at your investment portfolio these days.

Edit : But thanks for not answering the question either, how does one invest a negative difference?
You type like a female srs
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post 1663835243 07-03-2022, 02:49 PM
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Originally Posted By Lowkick⏩
You type like a female srs
How does one invest a negative difference?
post 1663835803 07-03-2022, 03:04 PM
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Originally Posted By Anachron⏩
Fukin LOL @ downpaymentcels srs.

It's funny how hard this is to grasp for some people.

Protip : Do not look at your investment portfolio these days.

Edit : But thanks for not answering the question either, how does one invest a negative difference?
Not sheriff srs. Do you have >$500K liquid lying around to snap up houses or something?
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