The housing market is about to collapse

Yeah real estate prices are gonna tank in about 2 weeks

Cant wait to see all those mediocre zillow flips on the shitty side of town disappear. Had a house go for sell next door and a ton of jews were there day one to buy it up to turn into a bnb or apartment. Fuck them.

• Rising interest rates have made refinancing less attractive for the strongest borrowers
• This leaves mainly financially stressed homeowners seeking refinancing
• Banks are tightening lending standards amid economic uncertainty
• Property values may be declining in some areas, reducing home equity

What this means for regular people:

If you're struggling with mortgage payments, getting relief through refinancing is becoming much harder
This suggests many homeowners are under financial stress
Banks are seeing increased risk in the housing market

We could see more forced sales and foreclosures if this trend continues

This is a classic sign of credit tightening of the broad market, which often precedes economic slowdowns. When banks reject nearly half of refinance applications, they're essentially saying "we're worried about the financial health of homeowners and future home values.

Why tf would anyone refinance now?

Insane copium if you think their kids are going to sell their only way of getting a home.

Maxed out credit cards crazy high car payments student loans. They are desperate and their credit is either shot or the equity in their house is not there to refinance it all. In other words, they're all fucked

The day Faux Biden took office, loans dried the fuck up. It is very hard to get good terms unless you have stellar credit.

I use a private bank and get loans for 2 points. But they are very short term, and only use it to make purchases I don't have the liquidity for at the moment. I am actually going to hit them up for one for some real estate I am looking to flip. A few million +
Sucks to be a poor.

Rooms for rimjobs. Imagine homeless girls eating my ass for a place to live. Wow.

There's a house I want that's 1.2m and the comps in the area are 750-800k from 2021

What should I offer?

When was the house you want built and what state? Is it rural? How many acres?

Ask Nick Rocheforte you shit

Bros, in 2008 home prices in some areas did not drop very much. What did drop in EVERY market were condos in downtown areas. Apparently the banks overleverage condos vs. houses, so they will dump ass compared to stickbuilt homes.

2013 rural riverfront little less than an acre 4000sq ft

Hopefully

no one wants to buy houses, even investors, buying condos cheap is the future so blackrock can flip them to chinese buyers

everyone expects the same repeat of 2008, yet chinese buyers don't want a stupid house surrounded by niggers

HONEY... CHECK THE ZESTIMATE

Refinance

This just means the bank cut off the infinite HELOC money trick. Price crash happens when they're forced to sell.

Ah geese dude the ceiling is particle boards dude
Looks like you're about to get molested at church camp bro

riverfront

is it in the floodplain? If its rural the appraiser can go a little further out for comps. Offer them 750K without a realtor involved. Knock on their door tomorrow. You have nothing to lose

I’m an appraiser and I do about 5 refinance orders a week

some people need out of PMI and use their equity to do it

a lot of them are as-is/arv too where someone wants to renovate using their equity so they get a bridge construction loan which has a higher rate

Some people need cash for whatever reason, a lot of times also to renovate - also seeing a lot more reverse mortgages as boomers retire

I am actually going to hit them up for one for some real estate I am looking to flip. A few million +

people are going to spend significantly more money on the house I bought because I painted the walls grey and put in a Kenmore fridge

That's not the same dummy

Don't think you need a whole refi to get out of PMI?

Army corps of engineers controls that stuff with a lock and dam system
I should do that thanks for the advice.

implying it’s not a single onlyroasties and has someone to look it up for her

ngmi

good luck. Be polite

it’s because condos are cheap so they transfer more frequently - a lot of people own several units in the same building and rent them out because they’re cheap to maintain if the condo association is worth a shit

trailers are cheap too but people don’t buy those without acreage or a lot lease

Pmi is like $50 a month. If that's breaking them they have other issues.

Wrong as usual.

Suck their dicks

Let's try that again in English, pablo

I just spoke english.
are you a retard?

Good so boomers are about to commit mass suicide

This was supposed to happen 5 years ago

There's a lot more competition and more to come. Mark my words. Be ready indeed.

Lolno

same poster but I’m phonefagging so my ID my have changed

Depends on your estimated value and credit history - a lot of buyers qualify for an appraisal waiver but the bell curve is real so Fannie Mae requires an appraisal to make sure they have not only a solid value estimate (with a license to sue if shit goes south) but also that the house doesn’t have any obvious issues, meth labs, weed grows, damages, unsafe shit, etc

people with shittier credit are often one bad diy job away from a total loss - I’ve seen some fucking shit

Over 11% of credit card debt holders are only paying the minimum payment, highest ever recorded. People are trying to refinance their debt and can't. Housing + credit crises in route

You sure about that?

- I’ve seen some fucking shit

I believe it

Depends on your loan - I work in a city where the median sales price is about $500,000 so PMI here is fucking pricey

The single family FHA limit here is almost a million dollars

bought during peak interest rates?

stfu
kys

FHA 12% delinquency rate

youtube.com/watch?v=r3XScuTn-Ik

yeah it’s getting weird - saw this coming when car repos shot up, because people usually lose their car first

I don't care about your shitty white elephant boomer. I don't budge until I see a 2000 sq ft home for less than $200,000, I don't give a shit if that means you won't be able to buy an RV.

There are workarounds but they are situation dependent. Talk to a financial advisor/accountant/lawyer.

I was in a similar situation a while back and was advised to form an LLC and pay myself a salary through that. This was back when mortgages were still pretty tight from the recession hangover. I had to pay higher taxes for 2 years but was then able to get a super mortgage. Flipped that bitch after a couple years and then downsized with cash.

There are a number of different avenues but that worked out pretty well for me. I’ll admit it still gives me a slimy feeling. It was perfectly legal but felt like cheating.

Befriend your local Jew, they know their shit

Anyone who bought in the last 2 years or so once rates went up are going to be in for a rude awakening when the banks refuse to refinance them to the coming lower interest rates

You'd be surprised how many illegal aliens took out mortgages. They just ended that FHA program too and when they get deported the bank forecloses. It only takes a few short sales or foreclosures in your area to fuck up everyone's home values. It's coming

1 out of 4 FHA loans went to illegals?

youtube.com/watch?v=gJzh_tViByg

Nice I thought about that route but never talked to professionals to actually do it, glad it worked out for you.

Cars are still horrifically expensive and tards keep buying them

wasn't there something about this right about 2020 when the CHINA VIRUS thing conveniently happened?

nope, blackrock and other jews will just buy them up.
The peasant class will own nothing and they will be "happy"

Bankruptcies are at their highest rate in 5 years

The repo markets (inter-bank lending) cracked in September 2019

if you have decent credit and income, refinancing is not an issue

Unless your equity vanishes overnight when your neighbors house gets foreclosed on

I can't believe I pay taxes and can't get loan and some random illegal crosses the border and gets a house and starts a family.

You didn’t live through 2008 did you? Kek.

Guys you know the real reason, its to buy another house because the price of the first one has gone up so much. Thats always what people at the peak of the housing market.

Luckily we bought our house outright, helps when the government ruined your family and awarded you a few mill in damages.

I think your onto something.

I haven't made a single payment on any of my 125k in student loans. I ghosted the loan providers and white listed my contacts on my phone

I haven't heard from a single bill collector or jeet in months.

My student loans have been sold multiple times and are now in a market backed security.

All my loans are still current through Jewish magic and forebearances being applied I never filled out or asked for.

I'm waiting for one of these investors to actually ask for the repayment history of the loans they bought and sell it again.

I worked for the largest subprime lender at the time. We were the first to implode. It only takes a few anon. Learn how appraisals work shrimp dick

You are not alone anon. 9 million others in your same situation. It's a house of cards

My brother bought a house 1 year ago. How fucked is he?

Can he afford it?

I have no rent and live with my parents who own their house, their cars, and have tons of money in the bank.

We predicted the September 2025 Red Deer Prophecy.
You are going to eat your words.

you're such a loser parasite. what kind of fuck up moron gets 125k in debt? just kill yourself. bring debtors prison back

Lol who had an FHA loan? Those are a tiny percentage of the loans being done for new real estate purchases. I'd always try and steer my sellers clear of an FHA buyer. Just do a 3% down conventional.

2013

not history

Wat? Do you mean because then the bank can keep collecting higher payments? If so you're an idiot; you can refinance with any bank that will lend you the money; if you have whatever income and DTI level they're looking for, they'll refi your mortgage. A bank doesn't have an incentive in not refinancing a mortgage they already own either because another bank will do it if they don't...

nothing ever happens the jews will just sell them as slaves.

I didn't have much debt out of school but I saw no reason to pay it.
I had also co-signed a loan for a roastie and she thought she could skip out on paying but - I just throw the letters in the trash.

Almost 30% of home loans in 2024 were FHA loans. kys needledick

Yes, but it was like $350k overpriced as hell.

Nobody below 50 is buying a house unless they're a glownigger. Nobody cares. Let it burn.

The average age of a first time home buyer just hit an all time high: 38 yo

Lol no it didn't. Everything ZOG says is a lie. The average age of a "home" (real estate) buyer is in the 50s minimum. The only thing that would skew this is if a billionaire's failchild were buying up like 3% of the market, which is in itself not impossible.

Illegals are almost all younger than 50 so that would explain it. See

Seething, kvetching kike

And nothing of value will be lost.

housing loans are the main driver of the economy, and of inflation

loans are given away for free to niggers and other racial trash, and the parasite class soaks up all of that printed cash
look up the Community Reinvestment Act.

A good example of how every single aspect of society is totally corrupt.
There is no way to save any of it.
Burn it to the ground and build a new one.

forgot to mention that after the niggers get their free loans section 8 and other programs pay their mortgage for them