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HOW CAN THIS BE HAPPENING? HOME PRICES ONLY GO UP.
My house was built in 1986 for $36k, its now worth over $300k
My house burned, but it would have been worth 6 million
lol
Did you save the picasso?
>Did you save the picasso?
It was lost in a boating accident
My house was built in 1840 for free and it's now worth a million dollars.
Impressive. The house i'm in was built in 1971 and it had paper thin stone tiles as flooring so I imagine it was in the 20k range.
My grams house was bought in 1957 for $15k and now its worth $225K
My mom's house was bought in 1972 for $22,000 and is now worth $850,000
>HOME PRICES ONLY GO UP
have you checked out rent prices lately?
flippers will be fine
We flipped a condo once. Even if your credit is near 800, the lender always tries to steer you into an adjustable rate mortgage because its more profitable for them.
I don’t know how badly they’ll be hurt. I want them to be drowned in acid personally but they’re not getting out unscathed unless they were very cautious
I'm retards both of those still going up how is that's a crash
For sale inventory and for rent inventory is going up...meaning less buyers and less renters= not good. Just months ago, there was a shortage of for sale and rental inventory...meaning not enough houses for sale and not enough rentals available.
Increasing supply puts downward pressure on prices.
Landlords, realtors, flippers, PE investors, current homeowners are all running damage control attempting to keep fomo going. Nobody is paying fucking 500k at 8% mortgage rates for a house that sold for 225k 2 years ago.
Already. ALL FUCKING READY they are screeching to Congress for bailouts. These nagger israelite are the motherfuckers who lobby for uncontrolled mass immigration to every Anglosphere and European country I hope they die fucking screaming
the rental supply increase is artificial and temporary. it is caused by many people taking rentals off the market after the eviction moratoriums during covid. they often used that time to renovate and increase the value of the rental and they went back on the market this year.
Reminder.
Mass immigration is the only driver of demand.
Time to decide if you want to live in a nice country or see your home value double. You can’t have it both ways.
If you're an American there's nothing you can do about mass immigration aside from accept it
I am already aware of it. IF someone hasn't bought a house by now you are shit out of luck.
I built a house in 1908 for 25 dollars it's now woth 925000 dollars
I know people who own 4 houses and renting them out. In fact I have a relative who owns a luxury apartment that he rents out to that tune of $2000+, yes in canadian dollars, a month. A house near me was sold at $780,000 last year and the city just calculated it at a value of million dollars. So they can tax it at 1% of that value.
Shit is so crazy it's unthinkable.
>I know people who own 4 houses
Do you think they are paid for? I know a lady with 5 houses renting them on AirBNB but she hasn't paid any of them off.
>Do you think they are paid for?
Nope. I know because they were bought over 10 to 12 years ago when interest rate was like 1.5%. I know because they told me how they were bought. I should clarify I am talking about duplexes and fourplexes homes. They get the money from the tenants to pay for mortgages. Not to mention rent has skyrocketed. It went from an average of $900 to around $1500+ for a 3 bedroom. Not a luxury apartment. Just and average apartment. Like pic related.
Real estate israelites, get a job,
Most homes worldwide have lost 100% of value, your ancestors could not predict which cities would become successful
STFU kike. WTF just cause you are anaphatasitic doesn't mean us humans are. Isaac was created with Demon magic, spawn of Satan.
Good
house flipping
elections
congress
vroom
distressed property bought in cash bros where we at
I built a house.. more of a throne out of my enemy's bones in 1776 and now it's worth 6 million
House prices do only go up...10 years from now in 2032 housing prices of today are going to be seen as absurdly cheap