When will the housing market collapse???

what a dogshit chart

>>60747926 (OP)
da faq is this chart? :D

>>60747926 (OP)
When the USD collapses

>>60747931
Yeah, I'm not the best at reading graphs, but somehow the wages are measured in years?

>>60747926 (OP)
It will take very long.

> 1960: Median home cost: $11,900; median household income: $5,600; price-to-income ratio: 2.1.
1985: Median new house price: $84,300; median household income: $23,620; price-to-income ratio: 3.6.
2000: Price-to-income ratio reached 4 for the first time.
2022: Median home sale price: $433,100; median household income: $74,580; price-to-income ratio: 5.8.
2023: Median new house price: $428,600; median household income: $80,610; price-to-income ratio: 5.3.
2025: Median home price: $416,900; median annual household income: $83,150; price-to-income ratio: 5.

>>60747926 (OP)
two weeks

housing is already entering a correction
real estate isn't a shitcoin though, it'll take awhile before some good deals start appearing again
dont listen to the doomers acting like you need to FOMO or you'll never own a house. they're just wrong lol

>>60747926 (OP)
Democrats have to stop making it extremely difficult to build new homes. Also not sheltering illegal aliens would help as well.

>>60747926 (OP)
Looking by this chart it seems like the most we will get is about a 25% decrease in price and that’s if we repeat the 08 crash.

>>60747926 (OP)

>>60748427
>there are people in this board who bought at the top

>>60747926 (OP)
It won’t. the us government is the majority owner of mortgages.

Also collapse means debt deflation. This implies the value of the homes with be less than the mortgage loans.

This would be a disaster. Imagine trying to sell. You would owe the bank money this would collapse the entire economy.

>>60748676
>It won’t
It's literally happening, see >>60748427
I have realtors in my family in a "hot" part of the country, demand is zero and boomers are finally capitulating to extents they havent seen in fucking forever, though very slowly
>This would be a disaster. Imagine trying to sell. You would owe the bank money this would collapse the entire economy.
This happened before, it will happen again
>le too big to fail, le they wont allow it
Multi-generational top signal

>>60748244
Checked. It would also seem from this graph that (at least since 2013) the housing market is steadily becoming illiquid. While the number of sellers has gone up recently, the number of buyers AND sellers is overall trending down over time. How do I profit off of this? Short real estate stocks?

>>60747926 (OP)
Never.
It is as simple as supply and demand. As the population keeps growing exponentially world wide, so will their housing get ever more expensive as more wallets are trying to buy the fewer and fewer acceptable places to call home.

>>60748427
That chart is fake and gay by the way. Seriously, go to that website. It doesn’t show that.

>>60749023
OP’s image is for the US housing market. Here’s the relevant “exponential population growth” kek

>>60747931
>>60747955
>>60748198
joke is no one is making money

>>60749025
cope
how's the 7% mortgage

>>60747926 (OP)
never rentoid faggot ahahahahahahahahahah

>>60749048
Not trying to be unreasonable, but the chart ends in 21.
Also, if you believe the US population won't grow massively just by immigration alone, you'd be misled.
Lations (not to even mention others) are known to create a lot of children. And they create more. And again.
I guess what I'm saying is that I'm just right.

>>60748427
>2021 levels
this better keep dropping back into the early 90s.

Its already cratering hard in certain cities. Denver, Austin, Seattle, Phoenix and Miami already have a record number of inventory for sale and little to no buyers.

Problem is sellers don't want to have negative equity so they're not budging on prices however with mortgage rates being so high nobody wants to buy them either. We're in a waiting game until the economy tanks, people lose their jobs and are forced to sell their shit at reasonable prices

>>60747926 (OP)
I just offered 460k on a place listed at 498k, 515k initial listing. 48 days on market. They came back at 490k lol. Told my agent its take it or leave it, I'll keep viewing and in 2 months they'll beg me for 460k

>>60749109

Yeah the recent jobs report is telling us that job creation is shrinking and may go negative soon. It's the last domino.

>>60749133
Be extra jewish and make them pay closing. Its such a humiliation ritual for boomers. I love it every time I do it. Even at asking price, come down slightly if the rental cashflow equations show itll flow nicely....make them pay closing just to spit in their face.

>>60749133

Based. Fuck boomers.

cities finance themselves through things other than property taxes on boomer home owners, who own the majority of these single family homes instead of fucking off to some retirement shithole to die

>>60748244
I bought in 2013 and it pumped

>>60749187
>>60749133
this isnt a blog site

>>60749192
I was responding to the chart that implied excess of sellers means price go down, in 2013 there was an excess but the price still rose

Just buy far away and commute

>>60749109
Those cities don't have any jobs

>>60747926 (OP)
>Bernie
lol
>weekly wages
lmao. Bernie's really reaching hard.

>>60749055
I have no need to cope with your fake graph, I’m just calling you out on it. I don’t have a mortgage either, nor do I want a house.

>>60747926 (OP)
>When will the housing market collapse???
It already has but you didn't notice because they kept printing money.

>>60747926 (OP)
according to everyone on this site, in just 2 more weeks. of course that's been the prediction for the last 3 years or so. Eventually they'll be right.

>>60749025
>>60748427
>actually made up chart
>can't even tryst biz these days

>>60749075
Imigrants assimilate one thing - birthrates
For example USA Indian birth rate is lower than Whites at the moment, if I remember correctly it was around 1.4
>all immigration
possible