You actually have to be stupid to buy a house at these prices

>prices will go down
>for uhhhh.... some reason..... sometime...... yeah

source: trustmebro

meanwhile rents going up again, for the 6th month so far this year.

>>60578619
>prices will go up forever despite high interest rates that are literally never going away
sure bro
i'll be waiting to buy the bottom

>>60578610 (OP)
based methodology for showing the delta. spectral chads win again

>>60578619
Seething mortgage cuck, learn to read a chart

Is this normalized to sqm? Most dont rent a huge house but an apartment, but most buy bigger houses, of course mortage payments are higher if that is not taken into account

I can buy a shitty collapsing shack in the ghetto for $3000 per month or I can rent for $1000 and stack investments with the $2000 difference.

>>60578610 (OP)
I bought in August 2024. There were lots of posts like this at the time. I paid $1.18M for my house, which was fair value I think at the time, though the original ask was $1.35M. Today houses like mine are selling for $1.25-1.3M. Less than a year and gained $100k in equity. I think by this time next year I'll have gained another $100k. I am basically getting paid a full time salary for living in my house. I pay $60k/year in mortage and taxes and probably $10k annually for maintenance. So the house is profitable by around $30k/year for me right now, pure profit.

What is your rental profiting you, anon?

>>60578817
shhhh rentoids hate math. rent's two days late now anons, 3 days is 99 dollars, 14 is 499 the max allowed legally.

>>60578817
Do you expect real estate to appreciate more quicky than equities in the long term? What would be the long-run dynamics of such a situation?

>>60578817
>Houses only go up look at my zestimate
You haven't profited shit.

>>60578892
No absolutely not but when you consider throwing away money on rent it's a no brainer to buy vs. rent. Over the course of 30 years I'll basically come out +$500k vs. if I were renting I'd come out -$3.6M. That's a $4,100,000 delta, of which around $1,600,000 will be money I get to put away towards equities which will also grow, so realistically it's probably closer to a $7-10M+ delta. It's the difference between getting to retire or not.

>>60578899
Cool tell that to me last year selling my first home walking away with $450k after 6 years when I had put $100k down only. I spent $35k/year in mortgage, tax & maintenance so $210k total, meaning my $100k turned into $240k or 240% returns over 6 years, that's 40%/year.

Whereas if I was renting I'd have averaged around -$36k/year for a total loss of $216,000.

That puts me at a total profit rate of again $456,000 vs. renting.

Remind me again how I haven't profited shit.

>>60578964
> -$36k per year
Bullshit, my wife and I together pay $1400 a month or $17,000 a year for our 2 bedroom apartment. You absolutely could spend that much on rent but don’t act like you have to. Also, before you resume your seething, I have ~$5MM liquid and own two rental properties. I like renting because when my dishwasher breaks I call the landlord and he replaces it the next day. I have a company manage my rental properties so I don’t have to ever deal with them either. I’ll eventually buy a house to live in once I have kids but I want to live out in the country somewhere which I can’t do right now anyway.

>>60578610 (OP)
here's what's actually going to happen:
>rent will trend up at a rate higher than home prices
>rates will begin to tick down EOY
>home prices will continue to rise but between the prior two points this graph will begin to equal out
>homeowners will simply refinance at lower rates
>new buyers will end up paying more

>>60578817
max IQ to actually think your house is going up in value 10% per year?

>>60578619
such seething cope. Yes, prices will go down, that's how a market works. You are not entitled to infinite gains just because you feel like you are, and just look at that fucking chart, its so clearly over-extended it cannot be denied by anyone. The reason is always unpredictable and only makes sense in hindsight, but something ALWAYS eventually happens to reset this. Always, its the only reason the concept of a market makes sense, otherwise why would anyone ever do anything but 'buy' a house and sit back and do nothing as our species ascends to a godlike status all because we expect some numbers to go up forever. You won't see it coming, no one will, but it will happen

For sale signs are going up like crazy in my town. I remember like 2 years ago driving around and only being able to find 1 sign in my whole area.

>>60579054
lol and what happens when everyone wants to sell at once? Do the prices go up?

>>60578610 (OP)
I live with my parents and pay next to no rent. I have enough saved up to buy my own small place. That would be financially retarded, wouldnt it?

>>60578610 (OP)
Fuck trump.

>>60578610 (OP)
does the blue line ever go down???

>>60578610 (OP)
My brother pays over 4,000 dollars a month for a mortgage
I pay 1800 for a cozy apartment

zoomer here what happened in 2007? chart straight looks like 2007
about to buy my first house

>>60578817
I made 7 figs in 2024 from my crypto portfolio and could buy your house with cash if I wanted to.

Wouldn't have been possible if I sank my money into mortgage cucking instead of bitcoin.

>>60578817
> unrealized gains are profit.
Enjoy that 60k a year liability.
My rent is 1/10th that and I’m about it to pick up a distressed property for half price from someone that’s desperate to get out from under the leverage like you probably will be

>>60578624
>high interest rates that are literally never going away

'X'

Looks like the anomaly was 2010-2020 and now we are returning to normal. It's ath difference but adjusting for inflation it's not. 400$ in 1980 is like 1500" today

>>60579244
inflation is still high

>>60578964
>Whereas if I was renting I'd have averaged around -$36k/year
I also live in an area where houses average $1M+
Rents are $900-1300/mo. With utilities, internet, etc. you're paying a max of $1500/mo.

>>60578619
No they are not. I live close enough to central london and got myself a 3 year rental two years ago. Did so expecting rent increases with the interest rates rising back then. Lo and behold, 2.5yrs later rents are still at the same level as before, maaaaybe 100£ more (<10%)

>>60579528
Yeah 3% per year

>>60579528
>euroshit
figures, i can't speak to third world economies.

I have increased rent on every property every month of this year and still am at 100% occupancy, which means i should have jacked it up way more. I aim for high 90s, which means im at market rates without riff raff bullshit

>>60578619
>meanwhile rents going up again, for the 6th month so far this year.
this is cope. Not getting peer pressured into buying a house 2 years ago and keeping my money invested has been the single greatest financial decision I've ever made

>>60579661
meanwhile in the same timeframe nasdaq is up 100%

Every house in a 100km radius from me is at least 500k (for a fixer upper) plus. Mobile homes 200k+. These are all towns of 1-15k population too I think there's one or two towns of 50k. Don't know who can afford the prices I'm probably top a 5% earner or something and I don't even want to think about it at the moment.

>>60578619
I live in Los Angeles and rents have stalled or started to decline this year.

>>60578817
Depends largely on your zip code and where you bought. Some areas will be on the rise while the majority have a correction in prices. But if you know where to buy and feel fairly confident yeah go ahead and buy.

>>60578610 (OP)
op 10 years later when mortgage payments are $4k+
>You actually have to be stupid to buy a house at these prices

>>60578610 (OP)
I think at the current 6-7% annual mortage interest in a USD world where BTC is going to accrue >25% ARR value it doesn't really matter.
Obviously you can try to predict a pullback on interest rates and catch the falling knife for 3-5% interest but (without actually solving the equation for this, which I could do in like 40 seconds) it's basically inconsequential to wait esp. when you factor in compounding home prices.

Obviously if you have the ability to predict future values with any real certainty you can just do whatever clairvoyance tells you. But you can't do that unless your day job is on Jekyll Island.

>>60579823
>>60578610 (OP)
Granted, when we get all the nons out of the country following ICE scale-up the house price may decrease enough that my sons will be getting blowjobs and being fed muscadines in the fjords of Colorado

>>60579828
drump could give ice 1 trillion dollars and the entire military complex and he still can't deport as fast as Obama did cause he handed the reins to actual retards who care more about tweeting than theirs jobs

>>60579129
Cool it with the antisemitic remarks

Interesting graph. 2008 is when I graduated high school and the years around that were definitely "it's cheaper to rent". Not only did that become a lie, it never addressed what your money was going to. Sure at the time, it was "cheap" to rent an apartment, though for a little more per month, you could've gotten in a house and start building equity from there.
I have a house now since 2021. I just gotta chip on my shoulder cause of the scammy and terrible information fed to me around renting and student loans.

>>60578610 (OP)
Sucks but it works over time. I bought my first house in 2006 at the top. That sucked. But then bought current house in 2013....at the bottom. Comfy.

>>60578610 (OP)
You'd have to be stupid to rent at these prices desu

Prices are never coming down significantly. Back when the chart showed peaks and valleys, corporations weren't buying properties as a speculative asset (or at least, they were in the infantile stages of the process.) Now, they can buy a home, pay the bare minimum for repairs and "improvements", and rent it at whatever price the consumer is willing to pay (but, they won't have a choice because there is no competitive market when a single corporation holds all the assets) until the end of time.

>>60579054
More inventory doesn't mean anything when the average sale price and mortgage rates are higher than ever. What do you think is more appealing?

1 single family home, 2 bedrooms 1 bath for $160K @4.5%

>or

1 single family home, 2 bedrooms 1 bath for $290K @6.3%

Retarded boomers and greedy asset speculators are fucking the market.

>>60578681
>what is equity

I feel like I'm talking to unemployed realtors. Those sales will pick up any day now right sisters? All they have to do is drop interest rates? Two more weeks?

Buying a house at these prices feels like buying somebody's bags. I'd rather just live with my mommy forever.

>>60578624

>10000 new immigrants coming in every year to every 1 new house being built
>all waiving H1B and section 8 guaranteed income
>THE HOUSING PRICES ARE COMING DOWN GUIZE
>2 MORE WEEKS

You guys are delusional.

>Trump will fix this

Sure bud. He just OKd a million new H1Bs per year. Really cool savior you got there.

>>60578610 (OP)
Prices are going down really bad. I own some apartment units the high for them was around 330k at peak of bubble. Just sold a couple for 275k. That’s a ~20% decline.

I think prices will keep crashing though. I think prices should retrace 40-50% from the peak for fair market value

>>60581550

REEEE ORANGE MAN REEEEEEEEEE