so many doomer market crash threads I think I'm gonna buy some altcoins now
prove me wrong I dare you
2 more weeks
housing doesn't pop
the "crash" of 2008 took place over 3 years (2006-2008)
Housing prices are declining somewhat because of interest rate increases, but the supply is too restricted to fall much more.
supply is limited because the country was basically shut down for two years. It will take years, if not a decade to worth through the effects of that lunacy.
And another lockdown could wildly inflate prices again
How is supply & demand different between now and 2008?
the fact that central banks continue to buy up mortgage backed securities with printed money in massive amounts, probably
daddy Fed has decided housing is the chosen asset, why are you resisiting
gotta love underage zoomers with no concept of reality other than what’s fed to them by chuds on 4trans
There were a shit ton of foreclosures being sold off in 2008. Way less foreclosures now, and when there are, the bank just keeps them or transfers them to Blackrock.
No. It will continue to rise because you aren't only competing with the Jones anymore. You're also competing against Mr. Baifu Long, rich Chinese magnate looking to hide his money from the CCP. He doesn't care if the house costs him 2 million dollars. He has no intention of ever living in it. He just wants a safe place to stash his wealth.
we gonna get some 1990s level slurps bros
point and laugh everyone
you are overconfident.
minus a communist revolution, large influx of blacks, or actual invasion, real estate has done well probably every decade in every country since property records were established hundreds of years ago. i'll be fine (and if i'm not, you won't be either). here's the new graph btw
>everyone locked in mortgages at 2% interest
>demographics are bullish
>average mortgage equity super high
yeah i don't think so jack
you are overconfident.
>nobody tell him
Line ONLY up rentoid. You're priced out forever chuddy and can pay your landchad rent forever.
Yes it will and will be sooner than you think. It's already 2x cheaper to rent than to hoom. Pick any area on Zillow and watch how long those same homes stay there even with price cuts.
>inb4 two weeks mortgage cuck cope
I know living in your parent's basement sucks but the housing market isn't going to break just for you. If you live in the west then your country is being pumped with record levels of immigration; both legal and illegal. The demand for housing will NEVER go down while this is happening.
Before techbro homosexualry layoffs
>bro I wfh and make 250k working 4 hours a week
After techbro homosexualry layoffs
>bro I own my home that increased 250k in 4 years
Everyone post nose right fucking now
Mortgage equity is all in the rise in prices. It can evaporate quick.
Unemployment numbers are completely rigged.
Consumer savings are near an all time low. Consumer revolving debt is at an all time high.
The only thing holding this market back is the 2% mortgage holders, keeping retail from participating in the fall. It only takes one big investment company falling over to start the dominos though, and many of them are struggling right now.
Still waiting anon. Two more weeks.
>people buying at the top of their budget due to low rates
>values sky rocket
>property taxes nearly double
> now people are buying at 7-8% interest, with 1% down
>with property taxes continuing to climb
>consumer credit debt at ATH
>inflation out of control despite medias best efforts to fool people into thinking otherwise
>student loans resuming
Two more weeks man. I been hearing you guys say this. Nothing ever happens.
>Nothing ever happens
Until it does.
doubt it. i'm planning on opting out of society. i work remotely, have $65k saved up, should hit $100k by the end of 2024. i plan on buying a single wide trailer on some land in my shithole hometown and coasting on my remote job until i'm laid off, at which point i'll scrape by on a shitty job at walmart or something. it's over for most americans.
>more people them ever moving in to america
>less houses then ever to occupy those people
>"housing is going to pop isnt it?"
keep waitimg lil guy lol
They are literally air dropping in Haitians to fill empty homes.
The master plan is to jack house prices up into the millions, then to deport and / or exterminate the homeless. U.S. will become a continent of ONLY the rich and temporary slave workers only allowed across the border long enough to construct & repair
It was revealed to me by wild forest animals in the druid grove
Pop upwards, yea
>"But who will buy your toiletsLarry Fink?" - Kelly Osbourne
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