NOBODY IS BUYING HOUSES ANYMORE

This. It's gotten worse in the last few months where a 2-story home here in the midwest for under $300K has become exceedingly rare.

Nobody knows what to do

Uhh .cut prices

I bought at the top

owell. Foreclosure for your future than

it’s because builders are mogging existing homes right now

firms like pulte are able to offer insane concessions and rate buydowns just to sell their inventory at a loss to keep revenue flowing

t. appraiser

live alone

back home with parents to save money

tfw its actually fun living with them again

tfw i'll continue living with them until I get married and then move out

Hopefully the housing market crashes twice over before I get married and have to buy a home.

Sheeeiiiit that's a bargain. That's low end condo prices where I'm from.

that was enough for a nice 2000 SQ ft house on 5-10 acres with a recently installed metal roof and a massive pole barn about 5 years ago

get married

have a gf?

Houses are too expensive. How am I supposed to buy my vacation home under these conditions?

i love hot financial news bitches
they need some fresh ones howeverthobeit

nigga please, you will not be getting married. nobody living at home with their parents is getting laid. you should be honest with yourself, pic related is your future

nobody living at home with their parents is getting laid.

Posts Chr*schan

Anon, I...

I bought a house this year for the first time. figured it never goes down and if it does that probably means the people I owe to for it are going to die so either way I come out ahead. Every single house I saw around 200k sold instantly unless it was really really bad. I think your problems with not being able to buy a house are you don't have 20k ready to go and you are bad with money. I pulled myself up by my bootstraps and it only took me 20 years to go from renter to house buyer.

Buy a house over 30yo and it has already had a mortgage to pay it completely but you come along and start another 30y on it. And in 30 more years someone else. For rectanglesvto keep you out of the elements.

supply is high

prices remain high

muh local pricing dynamics

TFW you realize real estate is just a Boomer scam. Property owners spent literal decades colluding with banks and property appraisers to inflate the actual value of every piece of real estate in this country. Boomers destroyed the housing market.

My parents just sold their lake house for a half million. Unless property value fucking plummets, people won't even be able to pay the taxes. It's beyond retarded.

Drop interest rates.
Noone is willing to sign a contract where you pay 1.2 million over the life of a 300k mortgage.
What's shocking is they genuinely thought people would be stupid enough to keep signing such an unfavorable contract.

And every property on the market is overvalued at least 40 percent.

In the goodest-goy cities of Canada (Torontostan, Hongcouver) 1 bedroom condos are currently crashing, holding onto my liquidity for if/when real houses crash cause who gives a fuck about those sky cucksheds anyways

I don’t have 2 million dollars alright I wish I did but I don’t

Yeah it's because the person who paid off the house owns it and it's worth more now. You are sounding like you think people should pay for houses and then they are given away to niggers. you'll never own anything because you're retarded.

prices correct

They've been selling that lie my whole life. Prices never correct because Jews.

You can pay it off before 30 years though. just gotta be a little smarter.

A house doubles in price after 30 years. Or you can invest and get a possible 8x return through the market.
Buying a home isn't even worth it anymore. Rent. Freeload with friends. Live in trailer. As long as you keep investing and diversifying your money you'll be good. Then just buy a big house in Latin america and retire.

the person who paid off the house owns it and it's worth more now.

Depreciation *exists*

Yeah it's never going down. When I pay off this house I'm going to leverage it into another property. So since I got one I might as well see how many I can get. All seething does is only increase the price. But this a thread of bare minimum do nothings that think you have to pay it off for 30 years because they are too dumb and retarded to pay it off before that.

30 year old house doubles in value after it becomes a 60 year old house.

This drivel only sounds logical to retards.

It's more about the fact the currency used to measure the value declined in purchasing power, so number bigger in the future.

Yeah you can look at it on a graph. It outpaces your estimate though. Now there is an asterisk and that's for the tards on this thread that would use the entire 30 years to pay off the house. The way they are showing they are irresponsible and necer getting ahead of things their houses will probably lose money.

Then just buy a big house in Latin america and retire.

americans can't legally own anything in most latin america. i have several stories of boomers/family friends getting burned by such deals in the 3rd world where the concept of property rights doesn't really exist

Yeah true. And if you can't keep up now you definitely won't be in the future.

"Two anons fix the housing market. Click here to know more about their revolutionary strategy."

Literally shrimple as .

Do you just make up things and post them?
How retarded and brown is literally this entire board?
Look at early 1980s @ 18%+ interest rate kek absolute faggot

They are all ghetto homes. None of those shitty cities I would move to.

The market is being flooded and nobody knows what to do.

Sorry boomer but everyone that wanted a house bought one in 2021 with a 2.25% interest rate. If you want to sell now, you're going to have to lower the asking price by a large margin due to supply (lots of houses now) and demand (much lower than 2020 due to interest rates).

NOBODY IS BUYING HOUSES ANYMORE

they are if priced correctly. Several in my neighborhood sitting at fantasy prices for months. One comes on at a reasonable price and it sold in 2 weeks. We're starting to get into baby's first downturn lesson for the young generation who haven't known anything but printing to save the day their entire lives. It's going to be a harsh lesson

interest rates are so high no one in their right mind would take out a mortgage

a $250,000 house 5 years ago is $525,000 now

Now is the worst time to buy. And it may never be the time to buy. Because no matter what happens, I don't think prices are ever coming down.

I don't think prices are ever coming down.

they've already come down a lot. If you look at what's actually selling not what the hopium huffers have sitting

Not this time. All that extra cash has to be vented somehow, and the powers that be have chosen your home equity.

this. They aren't going to print. They can't without risking no bullshit riots in the streets when people can't afford to eat. They know exactly how dangerous that situation is, because they use it as a weapon against other countries all the time. All the people that chased in 2021 and bought the top are totally fucked.