Housing market

[VonBonfire]

View attachment 446234

 

[Geo]

View attachment 446234

Derka derka, your mom was a pedo, derka derka baklava

 

[Floyd Eye]

View attachment 446234

It seems like this may be photoshopped.

 

[JDs Couch]

It seems like this may be photoshopped.

It's entirely possible...

 

[JackTripper]

If the next big market correction or crash doesn't happen in or by 2028, I may use some of the cash for real estate if the prices are down; whichever looks good in the next 2 years.

Wouldn’t be surprised if there is a serious AI “correction” by 2028, but not real estate, although an AI crash could bleed into certain regional real estate markets. Different underlying conditions from the dot com bust, but the FOMO feels the same.

 

[JDs Couch]

This is why many people would be happy if the housing market went down...

It's far more difficult these days for a young person to get a foothold in the market. The benefits of house prices rising are extremely uneven.

Even as a homeowner, I would be happy if my home value went down by half, to benefit the next generation.

 

[Geo]

Even as a homeowner, I would be happy if my home value went down by half, to benefit the next generation.

Yes, derka derka sacrifice baklava mashed potato.

 

[Robostyle]

This is why many people would be happy if the housing market went down...
View attachment 446278

It's far more difficult these days for a young person to get a foothold in the market. The benefits of house prices rising are extremely uneven.

Even as a homeowner, I would be happy if my home value went down by half, to benefit the next generation.

In new zealand?
Or are you only focused on the US as usual?

 

[BABMusic]

I've been sitting on cash for the next crash since buying into the last one (April-2025).

Also watching real estate in a few areas, some where the prices are going down fast.

If the next big market correction or crash doesn't happen in or by 2028, I may use some of the cash for real estate if the prices are down; whichever looks good in the next 2 years.

at least I'm earning some interest on cash; though it's down to 3.5% now, from over 4%; I see it as a cost for having cash.

I'm in a very similar position with cash and holding out, like Warren Buffet is also doing right now. However, I can't help but wonder if they will just print into oblivion to avoid a recession / deflation. "This time is different" is the message, but is it really going to be different? They always say that right before a crash. I do admit that the level of how screwed up everything is, it does feel different this time.

As far as housing, I'm not saying anyone is entitled to owning a home. I am saying that ridiculously high real estate prices does not benefit most people and causes a lot of harm for those left holding the bag.

 

[JDs Couch]

In new zealand?
Or are you only focused on the US as usual?

Both.

 

[BABMusic]

This is why many people would be happy if the housing market went down...
View attachment 446278

It's far more difficult these days for a young person to get a foothold in the market. The benefits of house prices rising are extremely uneven.

Even as a homeowner, I would be happy if my home value went down by half, to benefit the next generation.

Even though rates were really high in the early 80s, it was still a much better deal than what you get today. You will have high property taxes as well because of the appraisals (which mean jack shit a lot of the time).

 

[Robostyle]

Both.

You never post up anything about new zealand though.
Why is that, i wonder?

 

[Laputan Machine]

I'm in a very similar position with cash and holding out, like Warren Buffet is also doing right now. However, I can't help but wonder if they will just print into oblivion to avoid a recession / deflation. "This time is different" is the message, but is it really going to be different? They always say that right before a crash. I do admit that the level of how screwed up everything is, it does feel different this time.

As far as housing, I'm not saying anyone is entitled to owning a home. I am saying that ridiculously high real estate prices does not benefit most people and causes a lot of harm for those left holding the bag.

There are 630,000 more sellers on the market than buyers, the fed is just going to keep printing fake money and doling it out to crypto-government entities like BlackRock so they keep buying shit up to keep the scam going. Who cares that no one can afford houses and home ownership is falling drastically? Just print more fake money, everything will be ok.