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Billionaire: "Now is the best time to buy a house"
11-19-2023, 09:10 AM
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#1
Billionaire: "Now is the best time to buy a house"
Not really a billionaire but hundred millionaire sounds stupid
Shark tank investor who made their fortune in real estate:
She trying to protect her investments or does she have a point?
Shark tank investor who made their fortune in real estate:
She trying to protect her investments or does she have a point?
My ALT is elevated. 75.
11-19-2023, 09:11 AM
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#2
11-19-2023, 11:10 AM
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#3
- AlwaysFocus
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- AlwaysFocus
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Looking at past trends, since the dawn of real estate.
There has never been a bad time.
But dont listen to me. You better off renting. Its cheaper and you get your moneys worth.
There has never been a bad time.
But dont listen to me. You better off renting. Its cheaper and you get your moneys worth.
11-19-2023, 11:14 AM
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#4
Originally Posted By AlwaysFocus⏩
what about 2008? took nearly 10 years for those homes to get back to 2008 price.Looking at past trends, since the dawn of real estate.
There has never been a bad time.
But dont listen to me. You better off renting. Its cheaper and you get your moneys worth.
There has never been a bad time.
But dont listen to me. You better off renting. Its cheaper and you get your moneys worth.
My ALT is elevated. 75.
11-19-2023, 11:20 AM
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#5
- AlwaysFocus
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Originally Posted By Zere0wn⏩
I dont sell houses. I buy them.what about 2008? took nearly 10 years for those homes to get back to 2008 price.
11-19-2023, 11:24 AM
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#6
Originally Posted By AlwaysFocus⏩
what about opportunity cost? You could have put that money to work somewhere else and then bought the same house 10 years later for the same price.I dont sell houses. I buy them.
My ALT is elevated. 75.
11-19-2023, 11:26 AM
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#7
- Godfrd824
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The reasoning is povertons are priced out (because of interest rates and banks being more stringent), so you can negotiate hard. I'm in the process of buying another house right now.
Originally Posted By Anachron⏩
Just invest the difference bro.This.
The world can always use more rentards, oops sorry, I meant "financially savvy people".
The world can always use more rentards, oops sorry, I meant "financially savvy people".
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.
11-19-2023, 11:29 AM
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#8
- gmenfan40
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Originally Posted By AlwaysFocus⏩
Strong this. I had morons tell me when I was buying my house that it was a horrible time to buy, yet since then the interest rates have skyrocketed and so did property values. All these experts don't actually know what will happen. If you can afford it, buy it instead of being a rentcel just handing cash to a landlord. (Super Ded fkn Srs)Looking at past trends, since the dawn of real estate.
There has never been a bad time.
But dont listen to me. You better off renting. Its cheaper and you get your moneys worth.
There has never been a bad time.
But dont listen to me. You better off renting. Its cheaper and you get your moneys worth.
11-19-2023, 11:31 AM
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#9
Originally Posted By Zere0wn⏩
What about it? The housing crash showed everyone that if you just hold on, you will come out fine. Don't sell unless you are cashing out. Otherwise do everything you can to stay in that house. And I think a lot of people learned that if the worst case scenario is being underwater in your mortgage, in a house you're living in, that's not really that bad of a situation.what about 2008? took nearly 10 years for those homes to get back to 2008 price.
11-19-2023, 11:31 AM
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#10
- LizzieTish
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- LizzieTish
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Wood
"The reason we are being murdered with genetic altering drugs is its slow acting and it causes your body to malfunction and destroy itself so there is a "plausible deniability" factor. Unlike most poisons which leave more evidence of being the direct cause of death."
1,151+ pages of peoples accounts of Covid-19 vaccine damage:
https://vestibular.org/forum/dizziness/covid-19-vaccine-side-effects/
11-19-2023, 11:34 AM
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#11
Originally Posted By Godfrd824⏩
what price level did you negotiate it down to? 2022 prices? 2021 prices? pre covid prices ?!The reasoning is povertons are priced out (because of interest rates and banks being more stringent), so you can negotiate hard. I'm in the process of buying another house right now.
Just invest the difference bro.
Just invest the difference bro.
My ALT is elevated. 75.
11-19-2023, 11:35 AM
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#12
Originally Posted By Zelensky⏩
What about it? The housing crash showed everyone that if you just hold on, you will come out fine. Don't sell unless you are cashing out. Otherwise do everything you can to stay in that house. And I think a lot of people learned that if the worst case scenario is being underwater in your mortgage, in a house you're living in, that's not really that bad of a situation.
Originally Posted By Zere0wn⏩
2 posts down man.what about opportunity cost? You could have put that money to work somewhere else and then bought the same house 10 years later for the same price.
My ALT is elevated. 75.
11-19-2023, 11:36 AM
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#13
Originally Posted By gmenfan40⏩
The most important point is, experts don't know what will happen. both the ones saying it's a good time to buy, and the ones saying it's a bad time to buy. neither know. I've always felt buying or not should depend on your life situation. if you are in a position where you'll be in a location for a while, go ahead and buy.Strong this. I had morons tell me when I was buying my house that it was a horrible time to buy, yet since then the interest rates have skyrocketed and so did property values. All these experts don't actually know what will happen. If you can afford it, buy it instead of being a rentcel just handing cash to a landlord. (Super Ded fkn Srs)
My ALT is elevated. 75.
11-19-2023, 11:38 AM
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#14
- OliverHeldens
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I generally agree with her. But rates will be high for another couple years and they need to flush all of the excess covid cash from the system first.
So like 12 months from now will be the best time to buy.
So like 12 months from now will be the best time to buy.
11-19-2023, 11:41 AM
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#15
- 100StabWounds
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- 100StabWounds
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how can i buy a house when i only make bout 35k a year
11-19-2023, 11:41 AM
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#16
- elterrible987
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Shes trying to offload her properties.
Its common sense that real estate is cyclical. What part of the cycle do you think we are with high prices and high interest rates?
Buy high sell low right lmao
Its common sense that real estate is cyclical. What part of the cycle do you think we are with high prices and high interest rates?
Buy high sell low right lmao
11-19-2023, 11:42 AM
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#17
- Godfrd824
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Originally Posted By Zere0wn⏩
The current house we're looking at, $900k asking, we're trying to get it down to $750k, been on the market for more than 2 months.what price level did you negotiate it down to? 2022 prices? 2021 prices? pre covid prices ?!
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.
11-19-2023, 11:43 AM
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#18
- elterrible987
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Originally Posted By 100StabWounds⏩
Go to NYC and tell them youre an illegal mexican, they will give you 15k for housinghow can i buy a house when i only make bout 35k a year
11-19-2023, 11:43 AM
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#19
- OliverHeldens
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Originally Posted By Zere0wn⏩
Real Estate isn't rocket science. It's quite easy to predict where things are headed. But your average pleb doesn't have a great grasp of economics.The most important point is, experts don't know what will happen. both the ones saying it's a good time to buy, and the ones saying it's a bad time to buy. neither know. I've always felt buying or not should depend on your life situation. if you are in a position where you'll be in a location for a while, go ahead and buy.
11-19-2023, 11:44 AM
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#20
- elterrible987
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Originally Posted By Godfrd824⏩
Ive seen a lot of houses and rentals now been on the market for a while, things are just starting to cool off. A year ago there were bidding wars for every random shack.The current house we're looking at, $900k asking, we're trying to get it down to $750k, been on the market for more than 2 months.
11-19-2023, 11:46 AM
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#21
- Godfrd824
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Originally Posted By elterrible987⏩
Yeap, guy who owns the house in question is an investor, he finished the remodel right after the rates shot up. Now no one is buying and he just wants to get rid of it.Ive seen a lot of houses and rentals now been on the market for a while, things are just starting to cool off. A year ago there were bidding wars for every random shack.
Originally Posted By 100StabWounds⏩
Where do you live?how can i buy a house when i only make bout 35k a year
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.
11-19-2023, 11:46 AM
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#22
Originally Posted By Godfrd824⏩
what was the zillow estimate in like 2021? they show the price history i think. just curious. seems like a good example.The current house we're looking at, $900k asking, we're trying to get it down to $750k, been on the market for more than 2 months.
My ALT is elevated. 75.
11-19-2023, 11:47 AM
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#23
Originally Posted By OliverHeldens⏩
so what do you think will happen?Real Estate isn't rocket science. It's quite easy to predict where things are headed. But your average pleb doesn't have a great grasp of economics.
My ALT is elevated. 75.
11-19-2023, 11:47 AM
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#24
Originally Posted By Zere0wn⏩
what about opportunity cost? You could have put that money to work somewhere else and then bought the same house 10 years later for the same price.
Originally Posted By Zere0wn⏩
An opportunity cost argument is silly and foolish because a) millions of people ditched their homes in the recession and had to buy into real estate later at a much higher price. That is a massive opportunity cost. and b) no one knew what was going to happen with the stock market or housing for certain and interest rates were at historic lows, so betting on housing since the recession was as good a bet as any (and it paid off for those who made it)2 posts down man.
"Muh opportunity cost" is only a valid argument against housing for those who were able to beat that rate of return (while adding on rental expenses) and your average person couldn't and didn't.
Again, those who hung onto their houses were smart and made the right move, and those who hang onto their <3% rate homes now are smart to do so too.
11-19-2023, 11:49 AM
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#25
Originally Posted By Zelensky⏩
you don't understand opportunity cost lol.An opportunity cost argument is silly and foolish because a) millions of people ditched their homes in the recession and had to buy into real estate later at a much higher price. That is a massive opportunity cost. and b) no one knew what was going to happen with the stock market or housing for certain and interest rates were at historic lows, so betting on housing since the recession was as good a bet as any (and it paid off for those who made it)
"Muh opportunity cost" is only a valid argument against housing for those who were able to beat that rate of return (while adding on rental expenses) and your average person couldn't and didn't.
Again, those who hung onto their houses were smart and made the right move, and those who hang onto their <3% rate homes now are smart to do so too.
"Muh opportunity cost" is only a valid argument against housing for those who were able to beat that rate of return (while adding on rental expenses) and your average person couldn't and didn't.
Again, those who hung onto their houses were smart and made the right move, and those who hang onto their <3% rate homes now are smart to do so too.
If you can predict the future as some think they can, then buying in 2008 was unequivocally bad idea, because of opportunity cost. you don't understand the meaning if you think otherwise.
a general index fund smashed the return of real estate from 2008 through 2018 or so. any idiot can invest in an index fund.
My ALT is elevated. 75.
11-19-2023, 11:52 AM
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#26
- OliverHeldens
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Originally Posted By Zere0wn⏩
It took like 7-8 years for housing to recover the 2006-07 highs, so certainly anybody who bought in the mid 2000s(which were very similar to 2020-2023) did not make some great investment.you don't understand opportunity cost lol.
If you can predict the future as some think they can, then buying in 2008 was unequivocally bad idea, because of opportunity cost. you don't understand the meaning if you think otherwise.
If you can predict the future as some think they can, then buying in 2008 was unequivocally bad idea, because of opportunity cost. you don't understand the meaning if you think otherwise.
11-19-2023, 11:54 AM
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#27
Originally Posted By OliverHeldens⏩
meanwhile index funds were back to 2008 levels within a 3 or 4 years. zelensky doesn't appear to know what an index fund is since he thinks its hard for normies to get a return.It took like 7-8 years for housing to recover the 2006-07 highs, so certainly anybody who bought in the mid 2000s(which were very similar to 2020-2023) did not make some great investment.
My ALT is elevated. 75.
11-19-2023, 11:59 AM
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#28
Originally Posted By Zere0wn⏩
Lol again, your argument fails immediately as you not only don't understand opportunity cost, you also can't dispute my point that those who sold/lost their homes and had to buy in later at even higher prices lost out nor can you show the rate of return for the stock market for an average person's investments would have made them more than just staying in their home and enjoying the price appreciation (since the stock market is not a roof over your head and rentals cost money).you don't understand opportunity cost lol.
If you can predict the future as some think they can, then buying in 2008 was unequivocally bad idea, because of opportunity cost. you don't understand the meaning if you think otherwise.
a general index fund smashed the return of real estate from 2008 through 2016 or so. any idiot can invest in an index fund.
If you can predict the future as some think they can, then buying in 2008 was unequivocally bad idea, because of opportunity cost. you don't understand the meaning if you think otherwise.
a general index fund smashed the return of real estate from 2008 through 2016 or so. any idiot can invest in an index fund.
I know you didn't even think about that though so I'll leave you with this L and some gentle encouragement to think for yourself instead of just parroting the stale takes you picked up on reddit's investing subs. Cheers
11-19-2023, 12:00 PM
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#29
- apo99
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most people forget that houses are leveraged products,
you invest 100k in a index fund and it goes up 10% ur up 10k
U buy a 500k home with 100k down and it goes up 10% ur up 100k
you invest 100k in a index fund and it goes up 10% ur up 10k
U buy a 500k home with 100k down and it goes up 10% ur up 100k
100% spartan-
cxbl paintball-
fortune only comes once, but misfortune keeps on coming-
eliniko crew
11-19-2023, 12:01 PM
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#30
Originally Posted By apo99⏩
The concept of leverage is beyond OP's understandingmost people forget that houses are leveraged products,
you invest 100k in a index fund and it goes up 10% ur up 10k
U buy a 500k home with 100k down and it goes up 10% ur up 100k
you invest 100k in a index fund and it goes up 10% ur up 10k
U buy a 500k home with 100k down and it goes up 10% ur up 100k
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