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Forum » Housing Crash Already Worse Than 08... No End In Sight
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Thread: Housing Crash Already Worse Than 08... No End In Sight

post 1673739553 12-29-2022, 11:00 AM
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#31
  1. BullittEV
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Originally Posted By bsmit107⏩
Report back in 15-20 years.

lol at looking at the housing market without zooming out.

Why so near/short sighted?
For those that want to buy/sell in the short term
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post 1673739613 12-29-2022, 11:01 AM
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#32
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In CALIFORNIA it only gets re-assessed when it's sold. Here in Texas, it's every year, although the taxable value increase is capped at 10%/year.
"Bones heal, pain is temporary, and chicks dig scars" - Evel Knievel
post 1673739643 12-29-2022, 11:01 AM
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#33
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post 1673739663 12-29-2022, 11:01 AM
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#34
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I'm waiting to buy at the very low
Sloots gonna sloot
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post 1673739743 12-29-2022, 11:02 AM
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#35
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Good thing I paid mid-2010's prices on my house and have a locked in 2.75% interest rate mortgage that'll be paid off in about a decade, huh?

Originally Posted By Jasonw1178⏩
Good, hopefully my home insurance premium and property taxes will decrease. Ded srs my insurance jumped 30% last year and my taxes 40% jump.... fuk that, I have to pay more because blackrock jews were pumping the market.

Dave Ramsey's point was over the long term, yes prices will go up. We are seeing a correction although I hope it corrects into the toilet. More wealth is made in recession, why do you think they are dumping? So much money was made in the housing crash.
This is kinda where I'm at with housing prices, tbh.

Home equity doesn't even really matter unless you plan to sell in the near future or are trying to get an good appraisal for a refi, which I don't. I am however getting tired of my property taxes and insurance going up just because these retards fukkkked up the housing market by doing chit like paying $400k - $500k+ dollars on new construction builds that would have ran them about $250k had they done it in 2018 instead of 2020/2021.
post 1673739953 12-29-2022, 11:06 AM
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#36
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Originally Posted By stevebec⏩
In CALIFORNIA it only gets re-assessed when it's sold. Here in Texas, it's every year, although the taxable value increase is capped at 10%/year.
And here in SC it's reassessed every 5 years, with a max 3% per year.
post 1673739963 12-29-2022, 11:07 AM
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#37
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Originally Posted By northernlights7⏩
Good thing I paid mid-2010's prices on my house and have a locked in 2.75% interest rate mortgage that'll be paid off in about a decade, huh?
you still got 10 more years of your prime to slave away



i scoop in 2023 and buy a house mortgage free. skip 30 years of slavery.



let me tell you


















post 1673740063 12-29-2022, 11:08 AM
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#38
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Originally Posted By katya422⏩
It could happen. If people can't buy then they have to rent or hobomax.
based
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post 1673740133 12-29-2022, 11:10 AM
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#39
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[QUOTE=TheGoldenBull post_id=1673739963]you still got 10 more years of your prime to slave away



i scoop in 2023 and buy a house mortgage free. skip 30 years of slavery.



let me tell you


[img]https://media.tenor.com/nm_ZXRaF8DAAAAAC/nicolas-cage-nicolas.gif[img][/QUOTE]

As opposed to what? Paying rental prices that go up virtually every year instead of my mortgage that stays the same?

inb4 you fraud and say you just skip paying rent indefinitely and still manage to find new places willing to rent to you without a proper rental reference when you decide to excercise your "freedom to move anytime you want".

Also, get a new gif, ffs. And be sure to post proof of this loan-free house you buy in 2023 (without giving away personal details that misc detective clowns could use to out you, ofc).
post 1673740173 12-29-2022, 11:10 AM
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#40
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Feeling blessed that financially I dont have to care about what the housing market does for the rest of my life
post 1673740433 12-29-2022, 11:14 AM
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#41
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Originally Posted By northernlights7⏩
As opposed to what? Paying rental prices that go up virtually every year instead of my mortgage that stays the same?

inb4 you fraud and say you just skip paying rent indefinitely and still manage to find new places willing to rent to you without a proper rental reference when you decide to excercise your "freedom to move anytime you want".
Also, get a new gif, ffs.
if you do it correctly, you shouldn't be paying rent.

even if you do it incorrectly, you should be able to stiff 50% of rent money every single year without a hiccup.
post 1673740483 12-29-2022, 11:15 AM
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#42
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Originally Posted By Ratfish⏩
imagine if you bought in 2022 lmao
Fuark me
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post 1673740733 12-29-2022, 11:18 AM
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#43
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Originally Posted By TheGoldenBull⏩
boomers are out of touch. they give advice to youngcels when they lived through the most prosperous time in world history. not just american history. WORLD HISTORY. now they left America in shambles and asks why you aren't as successful as they were.

JFL
Agreed. Hard to take life advice from people who lived on tutorial mode.

Imagine living in a time with less sloots, dirt cheap housing, an a hs diploma got you a job that could support a family with two kids, and the only investment you made multiplies in value by 5 in 20 years.
post 1673741323 12-29-2022, 11:27 AM
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#44
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Originally Posted By TheGoldenBull⏩
if you do it correctly, you shouldn't be paying rent.

even if you do it incorrectly, you should be able to stiff 50% of rent money every single year without a hiccup.
Are you gonna post any evidence of this sweet house you buy for pennies in the dollar in 2023 (again, obviously without details misc detective clowns could use to out you), or not?
post 1673741523 12-29-2022, 11:31 AM
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#45
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Originally Posted By northernlights7⏩
Are you gonna post any evidence of this sweet house you buy for pennies in the dollar in 2023 (again, obviously without details misc detective clowns could use to out you), or not?
I'm still deciding on a location and I'm currently dating an American woman.



I'm eyeballing tampa, st petersburg FL...... Will buy 1 property mortgage free and one duplex to rent out. i'll post when the time comes.

was also looking at Hawaii. Made a thread a few days ago, but opted out due to the life pace there. seems to be very slow.
post 1673741613 12-29-2022, 11:33 AM
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#46
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Originally Posted By stevebec⏩
In CALIFORNIA it only gets re-assessed when it's sold.Here in Texas, it's every year, although the taxable value increase is capped at 10%/year.
Originally Posted By Retoaded⏩
And here in SC it's reassessed every 5 years, with a max 3% per year.
We get so hosed on property taxes here.
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post 1673742353 12-29-2022, 11:43 AM
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#47
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Originally Posted By TheGoldenBull⏩
I'm still deciding on a location and I'm currently dating an American woman.



I'm eyeballing tampa, st petersburg FL...... Will buy 1 property mortgage free and one duplex to rent out. i'll post when the time comes.

was also looking at Hawaii. Made a thread a few days ago, but opted out due to the life pace there. seems to be very slow.
I will say this, good call on not picking Hawaii. Hawaii is the epitome of a place that's fun to visit, but not actually live there.
post 1673742533 12-29-2022, 11:45 AM
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#48
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Originally Posted By cojones539⏩
In on weekly rentcel cope thread. Homes are still worth on average 60% more than they were in 2019.

Also your 100% interest rent is due in about a week OP.

/thread
this. i'm expecting it to decrease by 10% but you'll still be up given where interest rates are
post 1673745473 12-29-2022, 12:21 PM
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#49
  1. BigGameJames
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OP, if you were single this move would be neutral. Price rise or fall, you are impacted solely by price.

But you have a wife and possible kids in tow. Why would you have sold? smh

You are now on a lopsided bet.

Price fall, you just gain the price market value. Price rise, and you get priced out and your family suffers.

That is a lopsided bet. You are not priced in correctly for the risk.

Your upside is limited, but your downside is catastrophic (lose family).
Do not conform any longer to the pattern of this world, but be transformed by the renewing of your mind. Then you will be able to test and approve what God’s will is—his good, pleasing and perfect will.

And do this, understanding the present time. The hour has come for you to wake up from your slumber, because our salvation is nearer now than when we first believed. The night is nearly over; the day is almost here. So let us put aside the deeds of darkness and put on the armor of light.
post 1673752703 12-29-2022, 02:09 PM
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#50
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Originally Posted By BigGameJames⏩
OP, if you were single this move would be neutral. Price rise or fall, you are impacted solely by price.

But you have a wife and possible kids in tow. Why would you have sold? smh

You are now on a lopsided bet.

Price fall, you just gain the price market value. Price rise, and you get priced out and your family suffers.

That is a lopsided bet. You are not priced in correctly for the risk.

Your upside is limited, but your downside is catastrophic (lose family).






I sold in Feb 2022 at the absolute peak of the market.


I netted 700K in that one transaction. NET.


I'm over a million liquid rn.



I can literally buy my old place back right now mortgage free. That is how far the market has tanked.


Now it's tanking even further. I am looking at 1 mortgage free property and a duplex that i will rent out when the market crashes even harder next year.



I don't know what kind of shenanigans you're on about.
post 1673753453 12-29-2022, 02:20 PM
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#51
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Originally Posted By Anachron⏩
No, you did not.
cope

Closed Feb 2022 =)
post 1673753633 12-29-2022, 02:23 PM
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#52
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Bought my house end of 2019 for 365. Going by zillow estimates it was up to 460 last year now at 430.
Mortgage is paid off all that I pay is taxes which in cuckcounty Illinois are 9k a year lol
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post 1673753763 12-29-2022, 02:24 PM
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#53
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Originally Posted By Anachron⏩
Thanks for confirming that you did not actually sell in February 2022, thus you sold short of the peak by roughly 10%.

Nice try with the wording though.
this coping propertycuck has lost his mind



post 1673753883 12-29-2022, 02:27 PM
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#54
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Originally Posted By artm⏩
Bought my house end of 2019 for 365. Going by zillow estimates it was up to 460 last year now at 430.
Mortgage is paid off all that I pay is taxes which in cuckcounty Illinois are 9k a year lol
if zillow says it's down 30K, it's down 300K in reality.
post 1673754013 12-29-2022, 02:28 PM
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#55
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I love seeing these real estate wannabees lose everything. They really thought the prices would keep going up. Delusional.

They're about to get a nice reality check.
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post 1673754133 12-29-2022, 02:30 PM
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#56
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"Already worse than 08"

Man you copers are so delusional. It's not even crashing at all. You're hallucinating a crash that's not even happening. Prices are staying the same in some areas and slightly down in others, but the monthly payments are still going up everywhere due to rising interest rates

Trying to time the market always has been and always will be a fool's game
post 1673754173 12-29-2022, 02:30 PM
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#57
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Originally Posted By TheGoldenBull⏩
all those gains have already been wiped out in Canada.


America is about half way through those gains in 3 months. will be wiped out by 2nd quarter of 2023 and then freefall from there. no end in sight.

massive drop


i don't pay rent.
Where are you seeing this drop..?
Certainly not in CA. I bought a cabin (2nd home) in a ski resort town in 2020 for 220k..I just looked and it is valued at 350-360k..
post 1673754543 12-29-2022, 02:36 PM
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#58
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Originally Posted By Anachron⏩
https://forum.obnoxiousbrutes.com/showt...hp?t=180882793

Game, set and match.
that deal didn't push through.

I ended up receiving a higher offer in Jan, then Feb is when it closed.

That's when it ended up in the stats. At the absolute peak. =)



This autistic propertycuck has lost his mind

post 1673754663 12-29-2022, 02:38 PM
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#59
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Originally Posted By Omnivium⏩
"Already worse than 08"

Man you copers are so delusional. It's not even crashing at all. You're hallucinating a crash that's not even happening. Prices are staying the same in some areas and slightly down in others, but the monthly payments are still going up everywhere due to rising interest rates

Trying to time the market always has been and always will be a fool's game
Did you watch the video?
post 1673755653 12-29-2022, 02:55 PM
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#60
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I doubt it. True that we’ve never come off of zero interest rate policy, but the bigger BB’s weren’t writing mortgages like they used to.
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