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Forum » If you buy a house right now you are a FUKKING IDIOT
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Thread: If you buy a house right now you are a FUKKING IDIOT

post 1637857003 05-05-2021, 05:08 PM
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If you buy a house right now you are a FUKKING IDIOT

lmao lmao lmao

https://www.npr.org/templates/story/...toryId=4579179
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post 1637857153 05-05-2021, 05:10 PM
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Don't be late on my rent check op. I've told you about this before. You also need to stop inviting your bodybuilding buddies over at 3am and making all sorts of grunting noises. It's scaring the children
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post 1637857283 05-05-2021, 05:11 PM
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Originally Posted By swoleyo⏩
Don't be late on my rent check op. I've told you about this before. You also need to stop inviting your bodybuilding buddies over at 3am and making all sorts of grunting noises. It's scaring the children
lmao at pretending you'd get rent when you clearly don't know anything about real estate
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post 1637857563 05-05-2021, 05:16 PM
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2005...
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post 1637857583 05-05-2021, 05:16 PM
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Originally Posted By tnel00⏩
2005...
yeah...
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post 1637857613 05-05-2021, 05:16 PM
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lol OP. As a late investor of DOGE (at its ATH), I am basically an expert in investing by misc standards, and I can tell urine idiot. Also, my wife's boyfriend is a real estate agent and he told me that house prices are never going down and that I should retain him as my agent to procure me real estate ASAP.
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post 1637858403 05-05-2021, 05:30 PM
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Originally Posted By rectifryer⏩
lmao at pretending you'd get rent when you clearly don't know anything about real estate
Lol own a few apartment buildings. All great investors say the same thing - you don't try to time the market. Almost everyone that has ever tried to time the market has lost.

I hope you're talking about rental properties anyways. Buying a house at any point is usually a retarded decision.


Real estate prices aren't going down ever. With inflation comes higher real estate prices. Biden is also increasing mortgages from 30 year to 60 year for people that can no longer afford the 30 year payment. This also doesn't take into account foreign investors and rich people parking money in real estate since bonds are ass.
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post 1637858523 05-05-2021, 05:32 PM
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post 1637859003 05-05-2021, 05:41 PM
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April 6, 2005
post 1637859163 05-05-2021, 05:44 PM
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i feel like if i wait i'm going to be paying 100k+ more than what a house is really worth
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post 1637859333 05-05-2021, 05:46 PM
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Originally Posted By DrugsToGetBig⏩
i feel like if i wait i'm going to be paying 100k+ more than what a house is really worth
thats whats happening right now...
post 1637859373 05-05-2021, 05:47 PM
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Originally Posted By DrugsToGetBig⏩
i feel like if i wait i'm going to be paying 100k+ more than what a house is really worth
I’m already doing that with offers that leave a bad taste in my mouth and no ****ing leverage whatsoever. It’s unsustainable but at the same time it’s now or next year at 9% more most likely. I personally wanted to buy a house after reaching my down payment goal but these fixer uppers are still going for 80k over list it’s insane

I’ve slowed my roll though, not buying anything unless it’s like my dream house. I’m already planning on being underwater in a market crash lol. It’s inevitable now, it’s too similar to 2007

The cash offers are killing me, I don’t know where these people are pulling half a million in cash from, probably all early doge investors or something. Lol
post 1637859503 05-05-2021, 05:49 PM
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Real gangsters are buying commercial real estate right now.
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post 1637859583 05-05-2021, 05:49 PM
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Originally Posted By swoleyo⏩
Lol own a few apartment buildings. All great investors say the same thing - you don't try to time the market. Almost everyone that has ever tried to time the market has lost.

I hope you're talking about rental properties anyways. Buying a house at any point is usually a retarded decision.


Real estate prices aren't going down ever. With inflation comes higher real estate prices. Biden is also increasing mortgages from 30 year to 60 year for people that can no longer afford the 30 year payment. This also doesn't take into account foreign investors and rich people parking money in real estate since bonds are ass.
I think they say that in regards to consistent investing/saving (e.g., dollar cost averaging). Pretty sure they don't say that for big, one-time lump sum transactions, like putting a down payment on a house. But IDK, maybe Berkshire Hathaway is sitting on a fukton of cash right now and really not doing very much because Munger and Buffet are rEtARdeD.
mo e
post 1637859613 05-05-2021, 05:50 PM
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Exactly. Invest everything into Doge and cumrocket, property is worthless. Thank me later.
post 1637860383 05-05-2021, 06:01 PM
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if you bought a house in phoenix last month, you'd already have equity.
post 1637860743 05-05-2021, 06:05 PM
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Originally Posted By Ellmser⏩
thats whats happening right now...
fuark i know its killing me (ded fkn Srs)
Originally Posted By LFAesthetics⏩
I’m already doing that with offers that leave a bad taste in my mouth and no ****ing leverage whatsoever. It’s unsustainable but at the same time it’s now or next year at 9% more most likely. I personally wanted to buy a house after reaching my down payment goal but these fixer uppers are still going for 80k over list it’s insane

I’ve slowed my roll though, not buying anything unless it’s like my dream house. I’m already planning on being underwater in a market crash lol. It’s inevitable now, it’s too similar to 2007

The cash offers are killing me, I don’t know where these people are pulling half a million in cash from, probably all early doge investors or something. Lol
dude some of the homes im looking at are scooped up within hours of being posted

i definitely have some $ to put down but i cant buy a 250k house out right with cash like some of these people

it is craziness right now

at this point if i find exactly what my heart desires ill probably just pull the trigger
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post 1637861073 05-05-2021, 06:10 PM
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Originally Posted By mulletwarrior⏩
lol OP. As a late investor of DOGE (at its ATH), I am basically an expert in investing by misc standards, and I can tell urine idiot. Also, my wife's boyfriend is a real estate agent and he told me that house prices are never going down and that I should retain him as my agent to procure me real estate ASAP.
Exactly. I just started trading last month and already made bigger returns than doomers who say we are in a bubble. Clearly they've been wrong for 15 years, the economy is extremely strong, and prices can only go up, it's basically free money.
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1637861793 05-05-2021, 06:22 PM
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So for those of us who aren't rentcels, we should just hold on to our house for now or what?
post 1637861923 05-05-2021, 06:24 PM
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Originally Posted By markkillerings⏩
So for those of us who aren't rentcels, we should just hold on to our house for now or what?
Single family only home that you live in? No real wrong move. List it for 20% more than the last sold comp.
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post 1637862033 05-05-2021, 06:26 PM
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Originally Posted By rectifryer⏩
Single family only home that you live in? No real wrong move. List it for 20% more than the last sold comp.
Thanks.
post 1637862483 05-05-2021, 06:33 PM
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OP, I actually need to move to a home right now as my kids are growing, will start kindergarten soon

what do srs?


buying right now seems dumb


only homes in nice areas for rent are absolute CHIT


phuck this ghey earth

I planned to buy a home this summer years ago....
post 1637862513 05-05-2021, 06:34 PM
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housing market in cali is crazy. I was shopping in 2015 and backed out because I thought prices were high then.. wish I'd bought now.

Tempted to get in with something small just in case the market never takes a significant dip and I'm priced out forever but time will tell. I just don't see how the average household income is paying for these crazy mortgages...
Miscin' since 07
post 1637864053 05-05-2021, 06:55 PM
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Originally Posted By climberbrah⏩
OP, I actually need to move to a home right now as my kids are growing, will start kindergarten soon

what do srs?


buying right now seems dumb


only homes in nice areas for rent are absolute CHIT


phuck this ghey earth

I planned to buy a home this summer years ago....
three options

Rent

Buy

Build

Could buy the land now and build whenever
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post 1637864823 05-05-2021, 07:04 PM
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Janet Yellen mentioned that "maybe JPow should raise rates" and the stock market immediately took a chit. Housing doesn't have the inter-day volatility that stocks do, but it's fun to see that the big boys (including institutional real estate investors) KNOW they're leveraged to the tits. Gonna be joocy when rates do go up.
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post 1637865813 05-05-2021, 07:18 PM
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Originally Posted By LFAesthetics⏩
The cash offers are killing me, I don’t know where these people are pulling half a million in cash from, probably all early doge investors or something. Lol
Why the fuk is it so hard for the misc to understand that these cash offers are from people that sold their homes in which they had large amounts of equity in+gain in market value!?

It's not rocket science. Bought a house in 2009 for $275k.. Paid off $160k of original mortgage over the course of 9 years, but in 2020 the house is now worth $380k. Sold that bitch and now I have over a quarter of a million in cash for a house, plus any cash that I invested earning compounding interest over the 9 year span.

This is one basic example. Just up all the numbers for the *******s that bought 500k 2 bedroom homes in southern Cali, and have now moved to your budget friendly state after selling their 700k home they bought for 500k, but the house they're looking at is a measly 425k. Boom sold
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post 1637868793 05-05-2021, 07:54 PM
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Originally Posted By Devin459⏩
Why the fuk is it so hard for the misc to understand that these cash offers are from people that sold their homes in which they had large amounts of equity in+gain in market value!?

It's not rocket science. Bought a house in 2009 for $275k.. Paid off $160k of original mortgage over the course of 9 years, but in 2020 the house is now worth $380k. Sold that bitch and now I have over a quarter of a million in cash for a house, plus any cash that I invested earning compounding interest over the 9 year span.

This is one basic example. Just up all the numbers for the *******s that bought 500k 2 bedroom homes in southern Cali, and have now moved to your budget friendly state after selling their 700k home they bought for 500k, but the house they're looking at is a measly 425k. Boom sold
They refinanced other homes to gain that cash, yes that's the issue. They have to pay taxes on those houses, they're not just going to let them set. There is a latent supply not reflected in current prices.
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post 1637870093 05-05-2021, 08:13 PM
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Originally Posted By twovalvekid⏩
Real gangsters are buying commercial real estate right now.
Buying offices that’ll remain empty once WFH stays the norm? Downtown offices are sweating right now, no one wants to go back to that.
post 1637870333 05-05-2021, 08:16 PM
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Strong article date.

But yes, the article is partially correct in that investors are buying heft amts of real estate..but also you odnt have widespread fraud going on like there was back then.

Additionally, the housing market wasn;t significantly effected back then in my area
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post 1637870543 05-05-2021, 08:19 PM
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Rentcels right on queue

Never change!
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