Thread 60634547

Well chud
*reads the chart*
There's not going to be a housing crash

>>60634547 (OP)
40% of houses being mortgage free is an insane statistic. That seems bullish

>>60634547 (OP)
Probably because those areas are all white boomers.
It's other areas with crazy debt to income ratios

I finally folded and bought a house. It always seems like a crash is right around the corner but it just never happens. Maybe it'll crash by the time I'm done closing

>>60634547 (OP)
There is no drop in interest rates that can account for wage stagnation. Prices have to go down in order for real estate to reach equilibrium and sales to pick up again. Ironically, rates have to go up higher for proper macroeconomic health.

>inb4 muh supply/demand is econ 101
Econ 102 is the hardening/softening of the curve. Prices will go down.

A Texan boomer is happy to bullshit anyone who's dumb enough to listen. That's the last person on Earth you'd want to accept reassurance from.

>>60634547 (OP)
>t. Realtor™

>>60634547 (OP)
This is literally just a lie.
>"The US is at full employment"
lol, lmao
>"no more mortgages!"
Because boomers and x'ers and blackrock are the only ones that have paid off their homes, that 60% is older millennials and zoomers and younger millennials are sleeping in vans or with their parents.

This is jewish gaslighting so they can keep trying to steal away your right to a place to sleep.

>>60634863
There are boomers right now using a reverse mortgage to fund their endless vacation while their 3 kids live paycheck to paycheck
You mad ?

>>60634875
Yes, day of the pillow when?

>>60634547 (OP)
not buying your bags

>>60634547 (OP)
Eventually it’ll all be clean

>>60634547 (OP)
My boomer parents just sold their NY suburb home for $900k, on the market for 3 days went $40k over ask because of a bidding war. It’s in ok condition but not updated and not a particularly nice home by any means. 1900 sq ft 4bd with a finished basement on about .2 acres. Absolutely bonkers.

>>60634547 (OP)
Boomers definitely aren't going to do what the TV and YouTube says

>40% houses are mortgage free
That's because boomers, Blackrock, and chinks see them as investments and not housing. The housing market won't crash (it was never going to), but it's going to get more and more expensive
>muh unemployment numbers
It's the same 500k people switching from Uber Eats to Doordash over and over again

>>60634547 (OP)
i don't see how the market could crash at the moment.
t. just bought

>>60634547 (OP)
people aren't going to suddenly sell their houses for less piss dollars which only continue to devalue until the end of time, meanwhile houses are one of the only things you can own with any actual real value

My mortgage rate is 3% and my monthly payment with taxes, insurance, and interest on a 2500sq ft home in a nice white neighborhood is $1200 a month.

>>60634547 (OP)
"stats" trust me bro

i don't think it's going to crash but all signs point to a slow bleed. interest rates are simply too high to support the current prices

>>60634558
Sounds like bullshit. Everyone is know has a mortgage

>>60635153
the 40% without a mortgage is mostly old rich boomers

>>60635075
The American Dream, congrats anon

>>60635149
>For you
That's the part people forget to say. Interest rates and prices are too high FOR YOU. That's how they keep the average person out of the market. Now, they can scoop up your home in cash, no mortgage = no interest, and charge you rent FOREVER.

>>60634863
Funniest thing about that image is that if you look closely you'll see the pig that posted it is a white haired white boomer faggot with his bitch of a wife next to him.

>>60634547 (OP)
Alright, then how come no one can afford a fucking house
I litreallt cant imagine who's buying

>>60635810
Don't worry about it goy just make sure next months rent doesn't bounce

>>60634558
>>60635153
>>60635155
It's 40% because Blackrock owns them and bought them outright no mortgage

>>60634558
You're fucking retard. This counts houses that have zero people inside too.

>>60635996
Hey rentgroid, lower your tone when speaking to a homeowner. Thank you for your attention to this message.

why dont you stupid goy just dca your houses? just buy a new house every month

>>60634623
lmao

>>60635153
A lot of people downplay their wealth because being debt-free breeds jealousy and resentment among other wagies

>>60634547 (OP)
someone needs to bash this faggot's teeth out with a hammer.

>>60634863
>>60635987
BlackRock doesn't buy single family homes. You're thinking of Blackstone, who own 0.06% of SFH.

>>60635173
no, interest rates are too high objectively. prices will come down.
le blackrock is not buying up all the houses; that would be a shitty investment.

>>60636669
yup every conversation about housing gets overrun by these idiots who think le blackrock owns 50%+ of houses. they clearly have no idea what it takes to own real estate, imagine the holding cost of all those fucking houses. they would not be able to cover it with rents.

>>60634594
Nah anon. You threw caution to the wind and took the risk/gamble that normie retards take every fucking day without giving much thought. I'm sure you will be fine.

>>60635075
>4 bedroom, 3.5 bath home
>2500 sqft + finished walkout basement
>3 car garage
>built in 1995
>kids will attend 5-star rated 95% white elementary school
>everyone has a half acre lot
>no HOA
>2.75% mortgage
>1300/mo
>would rent for 3250/mo

The only thing I dont like is how literally all my neighbors are nosy boomers, there is literally no one withing 25 years of my age here

>>60636699
These are the same idiots who think Boomers were supporting a family of 4 in a nice suburban home by working a part time entry level McJob

>>60634863
Rent is due.

>>60634594
Kino Pepe

just bought a beautiful townhouse in new england. bubblers can die mad

>>60638449
>there is literally no one withing 25 years of my age here
Same here. Such is life.