The market is regulating itself again :doomer:
was your last recession a little to bland? Try Bitcoin! The only speculation bubble not weighed down by silly irrelevancies like "production"
Honestly I can't fucking wait for the housing bubble. Finally, some affordable fucking housing.
Not going to happen because billionaires exist and can buy up all the housing without even thinking twice about it. “Supply and demand” does not apply here.
At a certain point, it won't make sense for them to. With high interest rates, and inflation eating away at their ability to raise rent, other investments will be more attractive than housing.
At a certain point, it won’t make sense for them to.
other investments will be more attractive than housing.
I doubt it. What's going to be more attractive than owning land/housing when this shit-heap really starts collapsing? It always makes sense to hoard land.
all these millennials living in their cheap homes they picked up in 2009
So I actually looked into the original paper for this. Basically they looked at how much homes cost divided by future rent revenue discounted to the current day. Usually this ratio stays constant but the years leading up to 2008 it exploded then crashed back down the usual ratio. Right now it's also high. But who knows, it's hell world so maybe rents will just rise to normalize the ratio again.
This is what I think is going to happen. No recession looks the same
that shit started brewing the day after the last one popped in 08
"bu......buh.......JUST TRUST CORPORATIONS!"
- So-called "anarchists" who claim to hate the government and media but gladly do everything Fox News Shepherds tell them like good little sheeple.
Curious that the fed can warn people about this, yet when I try give the fed a warning, the cops get involved
Boy am I glad Obama passed Dodd-Frank so this kind of thing can't happen again! It's not like he deliberately made it toothless so the Republicans could overturn it as soon as they regained office.
world-wide housing "bubble" that only billionaires will benefit from
no, whats gonna happen is a bunch of people will foreclose and sell out to big landlords and then no one will be able to buy a house, forcing everyone to rent
its already happening. most major cities in america 50%+ of livable properties are owned by landlords
also take a look at this neat graph. did you know that our population has grown over the past decade?
Oof. Thanks for the explanation! Was kinda hoping the boot might lift for a bit.
its possible you might see houses drop ~40k in value on average, that's what happened last time but ultimately if youre taking a loan out based on ~360k youre looking at 2k monthly payments still (5.29% interest rate is pretty typical right now). of course you also have to qualify for the loan but thats a different beast altogether
there are some pretty cheap houses and ive looked in basically every city and anything below 300k basically looks like a slumhouse and they expect you to fix it up which will obviously mean youre gonna need quite a bit of cash to fix it up and that will get thrown into your loan amount. if youre lucky you can find new construction.... but that shit sells like hot cakes and its very rare. but with new construction youre more likely to get a no hassle good deal and they usually come with warranties
and of course if housing prices drop you gotta be READY to hop on it like a fly on shit because those landlords will already be in motion. out of my own curiosity i look at new construction a lot and around half of it gets bought up by landlords before anyone can grab anything. like one week its there next week it isnt. these days the market is so insane that i see listings getting taken down by the day
No, because billionaires exist and can buy up all the housing without even thinking twice about it. "Supply and demand" does not apply here.
