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Forum » How long are 2020-22 homebuyers stuck in their homes for?
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Thread: How long are 2020-22 homebuyers stuck in their homes for?

post 1668253153 09-21-2022, 05:38 PM
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How long are 2020-22 homebuyers stuck in their homes for?

Home prices are going down. The fed is raising interest rates, treasury bonds are increasing.

Looks like 2020-22 homebuyers could have underwater mortgages soon. They can leave their home if they want to sell at a loss, but it’s going to take years to break even.

In b4 retard mouth breather comes in and acts like their Zillow Zestimate mirrors reality.
post 1668253283 09-21-2022, 05:42 PM
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im a rentcel and am not gonna cope and pretend like renting is better in any way. People with 5 bedroom houses have smaller mortgages than my studio apartment. And theyre building equity. Renting is terrible but I'm too broke to afford a home cause I blew my load in 50 too many escorts.
post 1668253503 09-21-2022, 05:47 PM
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Meh. They can always go all arson insurance fraud and make it look like an electrical thing.
post 1668253583 09-21-2022, 05:49 PM
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Originally Posted By imbored21⏩
im a rentcel and am not gonna cope and pretend like renting is better in any way. People with 5 bedroom houses have smaller mortgages than my studio apartment. And theyre building equity. Renting is terriblebut I'm too broke to afford a home cause I blew my load in 50 too many escorts.
so would you rather have the experiences you mentioned
or live in some McMansion with an old nagging wife

who gives a fuk about some house
post 1668253643 09-21-2022, 05:51 PM
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Originally Posted By Jhamaican⏩
so would you rather have the experiences you mentioned
or live in some McMansion with an old nagging wife

who gives a fuk about some house
Would he rather be a degenerate or have a stable nuclear family? Tough choice there, no wonder whites are becoming a minority.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1668253863 09-21-2022, 05:54 PM
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I would pay more in property tax in Texas for my house than I would pay for my 1 bedder in Sydney. Make more on Sydney as well. Just lol at the cope from rentcel wanting to be owners.

If you bought before 2017 you ok if you can keep your job and not get divorced which is no one.

Watch the values of all these miscers homes plummet. No one wants large amounts of land or nice homes outside of New York and Cali
post 1668253953 09-21-2022, 05:56 PM
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Its over boyo

I see new copecel listings daily that are pegged to February/March all time highs. Tons of listings sitting for months now lmao mom and pop speculators getting crushed with zero-liquidity and banks knocking on the door
post 1668254173 09-21-2022, 06:01 PM
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Originally Posted By Godfrd824⏩
Would he rather be a degenerate or have a stable nuclear family? Tough choice there, no wonder whites are becoming a minority.
yea bro
better go straight out and buy a house
get married ASAP
otherwise u a degen
post 1668254383 09-21-2022, 06:06 PM
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2020 homebuyer checking in

My house is currently only up maybe 55% from what I paid for it. That’s just a guess though. According to Zillow it’s more like 70%

Is it over for me?
post 1668254503 09-21-2022, 06:09 PM
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Something fundamentally changed in March 2022....
Everything I post is satire.
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post 1668254573 09-21-2022, 06:11 PM
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Being stuck in the home you just bought because interest rates are up sounds like the firstest of world problems
post 1668254753 09-21-2022, 06:14 PM
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Imagine having a mortgage or being in debt right now.


Just lol
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post 1668254813 09-21-2022, 06:15 PM
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Originally Posted By northernlights7⏩
One of the dumbest fkn things I probably ever heard of anyone doing was this one coworker I have who bought a new home in that was built in 2020 - 2021, which he moved into around fall of 2021 or so. The guy already owned a decent middle class tier house, but apparently he needed more garage space for his various bullchit, and his wife wanted "the perfect house" or some chit like that.

So this dude went and dropped like $450k to get a new house built by a company who let him make alterations/add-ons to one of their cookie cutter home designs (yeah, he's one of THOSE guys who will act like he "designed" his house bc of that). Split level house with 3 bathrooms and 4 or 5 bedrooms. The same house could have been built two years prior for probably $300k.

Now the one way the guy did do well is that he got a great interest rate locked in (who didn't?) on it. Having said that, he probably added 15+ years to how long he'll need to pay that thing off compared to if he had just refiananced the decent place he already had and been done with it. Also, he's absolutely up chit creek if he finds himself needing to sell within the next decade.
Yeah, sounds like he would have been better off just paying off his old home, banking cash to be ready for the fire sale.

If what Keyboard guy say is true (selling his home in 2021, and renting for this year and next, then buying at the 2023/4 price), he could potentially end up with a couple 100K profit.

Don’t know too many that went all in on that strategy though. That is the smartest one.
post 1668254993 09-21-2022, 06:19 PM
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Originally Posted By Destor⏩
Being stuck in the home you just bought because interest rates are up sounds like the firstest of world problems
This is the American/Canadian/Australian consumer though. Totally indoctrinated by marketers. People go bankrupt because they can’t pay off their credit cards that they overcharged attempting to peacock-symbol their insecurity.
post 1668255003 09-21-2022, 06:19 PM
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Originally Posted By Jhamaican⏩
yea bro
better go straight out and buy a house
get married ASAP
otherwise u a degen
You heard it here first, buying 50+ hookers doesn't make you a degenerate.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1668255323 09-21-2022, 06:28 PM
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bought a condo for liek 400k put 100k into it now its worth about 650k here, this was a good deal too and I locked in my rate at 1.89% i live here now, i can rent it out for 2500 too

But i bought a triplex for $1m, but have a variable rate lol, mortgage is up $1000 since i bought it in 2020 im still breaking even with the rent but i don't think this will last long lol, anyways im in for the long term, i only bought it because real estate was getting crazy here in Canada and i felt that it would have been my last chance to enter the market
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post 1668255673 09-21-2022, 06:34 PM
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25 acres and a barndo I own..

All of it.

Raining outside and car needs x,y,z done to it? Meh. Lift downstairs. Gym closed? Lol..what gym? Weights downstairs. Roll up my back "door", and can shoot from the coffee table next to my sectional.

Some of you need to start thinking smarter. Like, seriously. And ditch the bitch who "just needs" a McMansion.
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post 1668255753 09-21-2022, 06:35 PM
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Originally Posted By imbored21⏩
im a rentcel and am not gonna cope and pretend like renting is better in any way. People with 5 bedroom houses have smaller mortgages than my studio apartment. And theyre building equity. Renting is terrible but I'm too broke to afford a home cause I blew my load in 50 too many escorts.
lol @ the last sentence

The point is people payed 2x what these homes would have sold for just 2 years ago, in certain cities. If there's a correction all those people are gonna be underwater on their loans, unless they don't move anywhere for the next 30 years, but they still bought at the peak of the market and grossly overpaid.

I've been watching this the entire time, and it's weird to see the change in attitude now considering this was obvious. And I don't even mean on the misc, I expect people here to troll and gloat, but people who are supposedly experts and the advice they've given people during these last 2 years of madness.
post 1668255923 09-21-2022, 06:38 PM
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Anybody who bought in the peak inflated market is a retard
post 1668256393 09-21-2022, 06:48 PM
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Originally Posted By Vhagar⏩
2020 homebuyer checking in

My house is currently only up maybe 55% from what I paid for it. That’s just a guess though. According to Zillow it’s more like 70%

Is it over for me?
those websites are full of chit.
zillow claims my house is worth 70k more than what i actually know it's worth.
post 1668256653 09-21-2022, 06:53 PM
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Bought at start of covid where there was a Dippitty dip, but not the dip of the dippitty dip. Locked in at a VERY low interest..... Very Happy ATM.

Wouldn't want to be in the position of wanting/ needing to buy a home atm tho.
post 1668256713 09-21-2022, 06:55 PM
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Wasn't the best time to buy, but if you have a house in a desirable area you aren't losing anything.
post 1668256843 09-21-2022, 06:57 PM
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Originally Posted By Deutschlandbrah⏩
Wasn't the best time to buy, but if you have a house in a desirable area you aren't losing anything.
Sure, if you want to live in the same spot for 10 years. I think the average homeowner stays in their house 3-4 years…
post 1668256963 09-21-2022, 06:58 PM
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Stuck in their homes? Is there more lockdowns over there?
post 1668257793 09-21-2022, 07:15 PM
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Originally Posted By MuscleXtreme⏩
Sure, if you want to live in the same spot for 10 years. I think the average homeowner stays in their house 3-4 years…
You 'think'? What does the data say? I'd be willing to bet most people buy a home with intentions on living in it at least 5 years. Lots of people buy a home with the intentions on living in it forever. Though with incomes rising and all that people often upgrade homes. I'd be surprised if people ho bought a home at the top of the market with sub 3% interest rates are planning on selling in less then 10 years.



Housing market may dip but will most likely recover in 10-15 anyways.
post 1668258513 09-21-2022, 07:31 PM
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Originally Posted By NitrogenWidget⏩
those websites are full of chit.
zillow claims my house is worth 70k more than what i actually know it's worth.
That’s why I said more like 55
post 1668258593 09-21-2022, 07:34 PM
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Originally Posted By MuscleXtreme⏩
Sure, if you want to live in the same spot for 10 years. I think the average homeowner stays in their house 3-4 years…
Median is about 13 years, I believe
post 1668258923 09-21-2022, 07:42 PM
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Whatever will I do with my 2.6% 30 year fixed mortgage that's inflation proof and only about half of what I could get from some poor rentcel who's going to be paying 10% annual inflation on his hovel for who knows how long?

2 million new Americans slipped across the border so far this year and they all need somewhere to sleep.

Rents going up boyos.
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post 1668258993 09-21-2022, 07:44 PM
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Home prices are only going down because people saw what others were selling for so they put their home up at a crazy price to see if anyone bit. Things are just coming back to reality right now but I wouldn't expect a crash. So much money has been bumped in, its not that homes are worth more its that the dollar is worth less.
post 1668259033 09-21-2022, 07:44 PM
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Nah my chits up like 50%. Rentcels are the ones who are stuck, they're eternally priced out of the market and coping hard af about it
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