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Forum » US house prices above $400,000 for the first time
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Thread: US house prices above $400,000 for the first time

post 1664363043 07-13-2022, 08:46 PM
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#31
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Originally Posted By coast2coastam⏩
Lol I was wondering about that too
I’m guessing since he’s a cop, the other cops won’t enforce any parking or vagrancy violations against him
post 1664363133 07-13-2022, 08:48 PM
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Originally Posted By blissful88⏩
How did it make it over those big ass rocks bruh

How did the truck that pulled his trailer in get out of there




Fuk this chit I hate that movie now
haha it's been so long since I've seen that movie. All good questions.
Originally Posted By r32gojirra⏩
I’m guessing since he’s a cop, the other cops won’t enforce any parking or vagrancy violations against him
Interesting theory.
post 1664363143 07-13-2022, 08:48 PM
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#33
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price cuts already happening in my area

supply is up 30% yoy

100%+ in metro areas


yeah we were right

theres no amount of leading indicators that will convince people like op. they have too much skin in the game.
Boycott foodservice industry crew
post 1664363263 07-13-2022, 08:50 PM
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#34
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Originally Posted By blissful88⏩
How did it make it over those big ass rocks bruh

How did the truck that pulled his trailer in get out of there




Fuk this chit I hate that movie now
Chopper dropped it
post 1664363353 07-13-2022, 08:52 PM
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#35
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Originally Posted By rectifryer⏩
price cuts already happening in my area

supply is up 30% yoy

100%+ in metro areas


yeah we were right

theres no amount of leading indicators that will convince people like op. they have too much skin in the game.
I guarantee you I have absolutely zero exposure to the US housing market

Lmao at rentcel cope
post 1664363453 07-13-2022, 08:53 PM
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#36
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Originally Posted By r32gojirra⏩
I guarantee you I have absolutely zero exposure to the US housing market

Lmao at rentcel cope
well chit is imploding here

listings are going up about 2% a day.
Boycott foodservice industry crew
post 1664363613 07-13-2022, 08:56 PM
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#37
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Originally Posted By WoofieNugget⏩
Lmao at poverty home prices. In Ontario our average selling price is 940k currently.
You wanna do a pissing contest eh?

Check the average price of homes in Alamo California, which doesn't get 20 ft of snow and we can have guns
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
post 1664367793 07-13-2022, 11:00 PM
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#38
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Originally Posted By rectifryer⏩
well chit is imploding here

listings are going up about 2% a day.
With labour shortages the way they are there is no external stimulus to cause people to take a loss on selling their house

And no, usual interest rate increases are not enough to burst the bubble
post 1664367883 07-13-2022, 11:02 PM
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#39
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$400k for a house? damn cheap

you cant even buy a condo for $400k in Vancouver...
post 1664368093 07-13-2022, 11:08 PM
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**** is imploding everywhere in the world right now. Propertycels who bought in the past 2 years on suicide watch
post 1664368423 07-13-2022, 11:23 PM
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#41
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It’s over for rentcels
post 1664368533 07-13-2022, 11:28 PM
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Originally Posted By BigDeeps01⏩
It’s over for rentcels
Based on what?
post 1664368603 07-13-2022, 11:31 PM
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#43
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OP's reason for creating this tread is to seek positive reinforcement. He knows its over
post 1664383833 07-14-2022, 09:06 AM
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#44
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Originally Posted By r32gojirra⏩
With labour shortages the way they are there is no external stimulus to cause people to take a loss on selling their house

And no, usual interest rate increases are not enough to burst the bubble
lmao
Boycott foodservice industry crew
post 1664389343 07-14-2022, 10:26 AM
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#45
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What youre going to see is people selling and buying houses at asking price, with some leverage for inspections and negotiation. This idea of a fire sale on housing is a crock pot full of ****. Not gonna happen. People still need places to live and real estate still remains a relatively safe and appreciating investment asset.

In fact the demand on housing likely will continue to increase, especially in cities, as more and more young people move to these areas and do not own homes. Most homes are owned by those 55+. So either yung people will inherit as these geezers die, and, in the meantime, will continue to buy property vs renting if they can

Look at the things that are elevated in price and have remained high: food, gas, housing--why? Because they are essentials. You dont need Apple stock to live, but you need housing, so theres less ability to have a sell off of an investment that you also actually require for survival; just like beef prices arent gonna tumble either
Phila crew
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post 1664389453 07-14-2022, 10:28 AM
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#46
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And people out there are still buying. I’m not sure what’s going through their mind.
post 1664389553 07-14-2022, 10:30 AM
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#47
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Rentcels on suicide watch
post 1664390543 07-14-2022, 10:52 AM
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#48
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Originally Posted By jakobi⏩
$400k for a house? damn cheap

you cant even buy a condo for $400k in Vancouver...
Why don’t you elect leaders that will be ban Chinese citizens (or just non-citizens) from owning property in Vancouver?
post 1664393493 07-14-2022, 11:47 AM
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#49
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Originally Posted By LethalGunz34⏩
And people out there are still buying. I’m not sure what’s going through their mind.
If youre buying and selling your old house, its a wash minus the difference in mortgage rate, which for some may not be different at all
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post 1664489663 07-16-2022, 10:01 AM
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#50
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Originally Posted By FlexLex⏩
What youre going to see is people selling and buying houses at asking price, with some leverage for inspections and negotiation. This idea of a fire sale on housing is a crock pot full of ****. Not gonna happen. People still need places to live and real estate still remains a relatively safe and appreciating investment asset.

In fact the demand on housing likely will continue to increase, especially in cities, as more and more young people move to these areas and do not own homes. Most homes are owned by those 55+. So either yung people will inherit as these geezers die, and, in the meantime, will continue to buy property vs renting if they can

Look at the things that are elevated in price and have remained high: food, gas, housing--why? Because they are essentials. You dont need Apple stock to live, but you need housing, so theres less ability to have a sell off of an investment that you also actually require for survival; just like beef prices arent gonna tumble either
People literally can't afford to spend more. The avg mortgage was at 42% DTI BEFORE THE RATE INCREASES..... Inventory is rising RIGHT NOW astronomically. Two weeks ago we were 30% YoY. You're point about cities is off base. We don't have population growth, and most cities have seen NEGATIVE growth the past two years. So why did prices rise there?

FEAR

As that fear dies down, so does the bubble.

You cannot reasonably build a model to defend that value of current real estate. It is impossible.

edit: avg house price in canada down 20% since beginning of year lmao
Boycott foodservice industry crew
post 1664513083 07-16-2022, 07:19 PM
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#51
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Originally Posted By blissful88⏩
I just want to know how he parked there; it's not like he bought a "lot" on the fukn beach
I remember reading about it years ago, but it's out of mind, maybe someone can research it to correct me. But it's definitely movie magic. The beach is actually on the coastline away from LA in Dockweiler Beach, so they got that right at least. But they don't explain exactly how Martin Riggs (Mel Gibson) was able to park there. I guess you can hypothesize it's because he's a cop and was able to kind of get away with things.

There's some websites where you can find trailer campgrounds at beach locations, but they end up being like $400/wk, or $1600/mo. So definitely not worth it. Below is an example for such a place in Florida.

https://www.beverlybeachcamptown.com...d-map-pricing/

But unless you own the land / beach, I don't think it'll be possible to get a private experience like Mel Gibson's character had in Lethal Weapon.
post 1664513413 07-16-2022, 07:29 PM
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#52
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Originally Posted By shreddedloser⏩
OP's reason for creating this tread is to seek positive reinforcement. He knows its over
Event the banks know it's over, they're working on their plan B.
post 1664513733 07-16-2022, 07:37 PM
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#53
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Who lives here?

Nocrew crew

SS final perma ban request
https://forum.obnoxiousbrutes.com/showthread.php?t=184614323
post 1664516383 07-16-2022, 08:50 PM
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#54
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Originally Posted By Anachron⏩
For context, this is the guy who supposedly sold off his properties at market peak - over a year ago.
and in those neighborhoods it was near peak lmao. We go over this everytime.
Boycott foodservice industry crew
post 1664516773 07-16-2022, 09:04 PM
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#55
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Originally Posted By shreddedloser⏩
Based on what?
This correction coupled with interest rates will force would-be buyers right on the line to rent instead of buy. Meaning increases in rent prices, which I'm already seeing in Phoenix
post 1664516973 07-16-2022, 09:12 PM
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Originally Posted By Anachron⏩
House prices go up - Rents rise
House prices go down - Rents rise

Just LOL @ rentcels srs.
Lmao at rentcels actually tho :]
post 1664517153 07-16-2022, 09:17 PM
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#57
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I hardly know the guy. Don't even have his name in my phone.

Nocrew crew

SS final perma ban request
https://forum.obnoxiousbrutes.com/showthread.php?t=184614323
post 1664518003 07-16-2022, 09:39 PM
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#58
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https://tradingeconomics.com/united-...sing-inventoryjust going to leave this here, supply is still historically low, keep on waiting for those deals tho fellas, I'm sure they'll happen any day now....
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