Housing bubble about to pop

based communists built a home for every one in this cunt, so now I don't have to become a debt slave

>unless of course you want to live in a cancerhole like SF or LA then you deserve to get fucked
You sound based Hans, too bad our country is still run by faggots because I'd sponsor you to be my neighbor.

LOL. The overall sentiment on /biz is that housing market is going to correct bigly.

This means that the absolute opposite is true in the near term (2-4 years)

I remember in 2012 listening to all the doom and gloomers like schiff, literally all you had to do was get financed on a 200k home here where i live and by now you gained over 100k in equity.

Don't listen to based boys on here who are stuck holding ICX and NANO from the top.

DYOR

Besides, don't be stupid. Listen to Grant Cardone. Rent where you live, Own what you can rent.

Real Estate is the best investment you can make, just don't be a dumbass buying overpriced single family residence. LOCATION IS KEY.

The coming recession is being kicked ahead purposefully.
>"Hey Boomer if you wait until youre 70 to retire we'll add bonuses to your pension"
You can only kick it so far until Boomers need to start cashing out their retirement investments: Stocks, Houses, 401k, Pensions. When Boomers catch on that their retirement nest eggs are in danger the moment enough of have retired it's economic game over.

Reminder that these fucking people make BILLIONS of dollars every year, just off of shilling shitty investments to desperate poorly-educated aging boomers to destroy their lives so they die in poverty and squalor.

Our entire system is predatory psychopaths eating poor dumb naive goyim alive. It's really fucking depressing and I wish we actually had real political influence in this shitty country.

So stay in cash for now? If what your saying is true, boombers will crash the market soon and put us deep in recession territory. At which point I'll go back in equities

*insert chart here of money printing"

Stupid hodl.

Invest in things that make multiples.

Rule number 1 - Dont lose money
Rule number 2 - dont lose money

Crypto fags think they know everything. They think everything is going to crash because they themselves are not succesful and have no clear rode to financial independence other than investing in litecoin a year ago.

Is this going to be like the crypto crash but for boomers? If only the government wasn't trying so hard to keep housing prices up.

>tfw my dad just sold my grandma's shitty house to a Gen X'er for $400k

He gon get rekkkt

What if I told you that Jordan Peterson, Dave Rubin, Bret Weinstein, and the entire intellectual dark web was quitting patreon? The picture is proof that they are considering a possible move to Alexandria OIP built in FLO blockchain.
And what if I told you SERGEY from LINK is a support of FLO!? LOL. FLO HOLDERS are retiring #2019.

LOL! Target changed from 100x to 250x confirmed.

youtu.be/Zp9ZJiFFBnU
3:30 - 4:00

These guys have tens of millions of followers across their platforms, speaking engagements and book reviews.

Don’t forget about all of the other projects also being built on FLO.

Blockchain with 500m and 1000M+ valuations don’t even have this many partnerships LOL. Imagine not buying this coin because you listen to someone making up fake lies to call it false.

Suicide insurance on FLO is a bag of 10k. Retirement bag is 300-500k Flo.
It’s already up 3x since I started letting biztards know a month ago.

New readers about Flo should check out the telegram with questions

But first they should STUDY these three articles:

medium.com/@valueprop/florincoin-the-tzero-connection-66697c81c873

medium.com/@valueprop/flo-tzero-and-how-the-dlr-aims-to-disrupt-5bd34634f928

coindesk.com/wyoming-county-moves-to-put-land-records-on-blockchain

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t. Fag who bought a 200 sq ft shack in San Francisco for $5 million and needs people to buy his bags.

Exactly. 1m+ for a shit shack in the ghetto is a fair price for anyone looking to outright own a house. The plebs should rent till they die so we can squeeze every last shek... I mean dollar out of them.

I thought they it was expected since most boomers near retirement age have most of their equity in their home, they are all gonna start to unload in order to have cash for retirement but none can afford them so the prices will drop

Everything is going to crash because this economy was designed when America had more than 50% of the global gdp and now it's barely 20%. Read about Bretton Woods brainlet, circumstances have changed, the american government and the federal reserve won't have the same grip over the global economy for long

It's a lot harder for prices to fall, especially since rent is still high owners can choose to sit on their house and just rent it out while waiting for higher prices.

Are you a communist?

Like I said, own what you can rent, rent what you live. A lot of areas are going to succumb to a drastic correction, others are going to benefit bigly.

Something something blind squirrel something something nuts

Even though biz is generally retarded, they're correct here. Housing market is nearly guaranteed to dip soon.

Do you even understand how economic cycles work?

I understand not to listen to FUDDERs just because they sound confident.

All that I know is population is increasing at an exponential rate, and migrants are going to be flooding the country after trump gets impeached and a democrat gets elected. This means mass migrations of people cash rich or equity rich from shithole states to ones that have more favorable tax laws and less minorities. kek. Basically where i live.

Yes please give me another two years and I hope to have 50k cash to drop on a nice underpriced condo.

>You don’t like 1000x gains
>to the moon
>biggest transfer of wealth in human history

So many stupid people! Buy a house(or even apartment) in a good location once your debt is low enough do same thing again, one more time now you have a nice place to live in and rental income that you can comfortably live off after you retire.

Well done to everyone that cashed out big profits on crypto but those that are still poor and dreaming move on and do something worthwhile with your money

Bizarre non-sequitur user.

>after trump gets impeached
lol, this is such a silly meme, someone explain to me how this is supposed to happen when Trump controls the Senate?

Exactly. Most Anons on here have no clue that its possible to leverage debt

yes, move to north dakota. great idea. how dumb are you? move to monatana or something, north dakota is shit.

>north dakota is shit.
>bumfuck nowhere
>quiet
>cheap housing with huge land
>comfy snow
>nobody around you for miles if you pick the right place
fuck your montana, "making it" includes "living off of your cash without having to work"

>Just pay into your 401k, buy your McMansion and trust us™, goyim. Crypto was a nice ride, but it's over now you cannot escape our debt-fiat system. :^)
>After trump gets impeached
I've been in this game a long time and I gotta say it's exactly when the buttcoin/nocoiner boilerplate is being repeated by morons like this that you are around the bottom.

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Oh no only a 4.8% rise in a single year? How will they cope?

Meanwhile my wages rose 2% this year, and my savings interest halved from 3% to 1.5% (on the top accounts, that I can't compound. The one that I can gives 1.025%).

Poor, poor homeowners

I'm certainly not a communist, but I'm also not big on the idea of enriching some boomer jew that got lucky with buying property.

So we should all just buy crypto and be slaves to whoever the fuck is controlling the value of it?

Why not just abandon cash and barter

montana and wyoming are better bets if you're looking for cheap land. north dakota is shit, i am from minnesota and have family members that worked in the oil fields in ND. the cost of living is also inflated because of how much money oil workers make. if you really want to live in
>bumfuck nowhere
that is
>quiet
with
>comfy snow
and has
>nobody around you for miles if you pick the right place
then stop being a pussy and move to alaska.

msn.com/en-us/money/generalmoney/what-us-land-is-really-worth-state-by-state/ar-BBkTfZS#image=BBkGo1K|6

Such a deal I have for you!

You give me the job you have that enabled you to buy the house in the first place, and I'll take the house off your hands! You can have my job, which doesn't pay well enough to buy real estate, so not a problem for you!

>buying property

nah, i'll stay home in my mommy's attic untill she throws me out

>alaska
isnt there a program literally PAYING american citizens to live in alaska?
isnt living cost in alaska even higher than ND?
i picked ND because it looked like it had the cheapest available small properties out of the bumfuck nowhere places since the oil work boom is long gone

And when society collapses real estate goes to 0

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I hope to buy in 2020. Wouldn’t mind implosion before then.

t. neet in mum’s basement

Two things the last decade have taught us:
-Stay the fuck away from crypto
-Stay the fuck away from real estate
Now I'll step back and let various anons argue about how they or someone they know was the 0.05% of the market who made money on real estate or crypto. I didn't invest in either, and I did juuuuust fiiiine. My aggressive growth index ETF is looking great, I have a nice silver base, and have some nice international small caps plus zero consumer debt.

>Always do the opposite of what CNBC says

By next year do you mean 2020?

if that happens why would you give a shit

You can buy affordable property in small German towns too

>I can't wait for the market to drop, I want to buy in a couple of years!
The number of people who say this is proof that there's rock-hard support barely below our current level. The only thing which can actually cause a crash at this point is if banks refuse to lend to anybody.

Well said. When rates hit 6% the market will Treblinka. Most people psychologically want to pay

Yes, but when shit actually hits the fan these retards wont be able to get a loan. If you dont have 100K cash, and a safe job, good luck getting a fucking loan at bargain housing prices.

when was the last time the housing bubble popped in sync with a recession?

the market is usually on a 10 year cycle while housing is usually on a 16 year cycle

>A buyer's market is housing "only" increasing 2.8% above predicted inflation

The absolute state of boomers.

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Years from now they will make a movie about it and it will be called
>The Big Shit

Really hope Trump just says fuck it and eliminated tax credits for home ownership. That would end the boomer housing boom overnight.

There is no crash coming. Only slow down in price uptrend urban areas and more downturn in rural areas.

Why do you think this

>Our entire system is predatory psychopaths eating poor dumb naive goyim alive.

its a cold world my dude. i have no sympathy for people who fuck their own money up. Obviously media is putting out complete garbage, but is that really any different from listening to joe schmoe's opinion on a daily basis?

I'll be buying a condo in the city actually, I don't like suburbs

>Besides, don't be stupid. Listen to Grant Cardone

STATE OF BIZ

---

House prices will drop by 40-60%. Heard it here first.

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Housing is a sunk cost, you are paying that money on the first no matter what. You can either have a chance of getting some/all that money back or you can have zero chance of seeing that money again. If you aren’t at least trying to get into a cheap condo, you are fucking up.

Sup bro I live in Alaska. Really fucking high cost of living. Gallon of milk is like 12 bucks. Also you're talking the PFD which is a gibs me dat every Alaska citizen gets in October. Anywhere between 1000 to 3000 dollars usually. Doesn't offset the col tho sorry

>was the 0.05% of the market who made money

The vast majority of self made millionaires did it through real estate.

Picks california where everyone is literally selling to escape taxes, go fuick yourself!

>live in Boston
>tired of renting
I hope the market crashes 80% and then I can buy a nice place in Cambridge or maybe even the South End

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Fuck Condos.

>Don't own the land
>Don't own the exterior
>Pay at least $100+ in "Condo Fees" so the management can do shit like... mow the strip of grass out-front and regulate the way you build a deck
>Still responsible for all the updating and maintenance inside
>Bonus "Amentities" Fee

It's an apartment. It's Zoomer-level. Have fun when your exterior is dated as fuck in 6 years and your selling your shitty unit against 10 of your neighbor's

Kek has spoken.
Bear market for condos 2019.

>Housing crash
yeah sure and it'll tank the economy again just like 10 years ago because these banking cunts never stopped with the sub-prime mortgages and 'derivatives' shit that fucked everything in the first place.

checked, goddamn

>tfw own a condo
>see those quads
I'm unironically selling this year now. Condos crash more than houses so even if we do get a crash I'll survive.

>Don't own the land
>Don't own the exterior
Good. That’s where all the crippling repairs come from.
>$100+ fees
Sunk cost. Those same fees are balled into your rent.
>maintenance inside
Trivial cosmetics
>it’s an apartment
Yeah, what %90 of you guys are living in now, don’t you want to get some of your money back or even make some money? The only reason to rent is if you don’t have a stable income or you think you are going to move in less than 3 years.

>he thinks millennials and eventual zoomers can afford $1.2mil shacks in coastal areas

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I know about more then 3+ IRL friends that made +3 million I mean user this ain't a joke lmao.

It seems you have knowledge gaps on who actually made crypto and what its going to be for soon.

Why are homes so expensive in the west anyways? All my american friends are pissy over a 20$ fucking video game they can't buy lmao.

Or fucking VBUCKS LMAOAODawinmw

I spend money on dumb shit all the time and work at a supermarket.
I saved 15 grand last year.
Zoomers have money, just not normies zoomers

And do you realize how many people had to lose for that to happen.

housing shortage plus a bunch of high paying tech jobs, started snow balling and and you got greed like the ICO bubble of 2017. if the tech companies start outsource we'll see a massive crash.

>home price is RISING at a rate of 5.1% instead of 5.4%
>because fed raised the interest rate, therefore decreased affordability for the buyers
>REAL ESTATE IS GONNA CRASH

Good luck holding out for that crash.

>Reminder that these fucking people make BILLIONS of dollars every year, just off of shilling shitty investments to desperate poorly-educated aging boomers to destroy their lives so they die in poverty and squalor.
Correct

>Our entire system is predatory psychopaths eating poor dumb naive goyim alive. It's really fucking depressing and I wish we actually had real political influence in this shitty country.

Why? Politics is just a bigger version of what you just described, except instead of convincing the dumb goyim to buy into overpriced equities they are convincing then to elect then into positions of power where they can decide how they are allowed to live their lives.
But also why is it depressing? You should see this as inspiring, now that you understand why don't you take advantage and do something similar?

There's wolves and sheep in this world and wolves will continue to eat. Being sad about sheep not being able to not be sheep is just about equivalent to shooting heroin or cutting yourself; you're just wollowing in yourself and your feelings and contributing nothing to the world, pitiful and worthless.

I am an ausfag, I watched the boomer delusion over the past years as their real estate bags became more and more unaffordable, they watched the paper number go up and rubbed their hands as the jew, they forgot they actually needed to sell those bags to somebody. The downturn has started here and you can easily see the denial, it is exactly like watching the crypto late adopters, the market stages are real.

What is hilarious about real estate vs the crypto is speculators have literally gone all in on leveraged bets, people who bought the top are already starting to lose literally all their money, in this game bagholders don't end up at zero, they can keep going into the negative for years worth of cucking, if they were liquidated they will be paying (((them))) large chunks of their cuckcheck for nothing. The stakes are incredibly high but the meme was so powerful that nobody ever believed they could lose, they still believe it will recover short term but their cope is showing.

Just buy and rent property, hahaha

So like everything else in life, can't be rich without the poor.

No they aren't you fucking boomer faggot.

>North Dakota
Do you like tarsands and endless flats?

France is sneezing, kike

Happened
zerohedge.com/news/2019-01-02/collapse-one-americas-most-expensive-mansions-sells-73-below-ask

What's your crypto portfolio? Prove that you're not some larping fag.

Spoken like a nigger, but probably just a kike. I don't want to have to fuck anyone over to get ahead. The whole thing is just pathetic, no reason for any of it. Fuck you for perpetuating it. See you on ropeday kike.

You're right user. It would be nice for the world to be righteous and just, but that's not the way of nature. The world is evil by default, and Men must create, and protect what's good. You can't be surprised then that plebs descend into the dark without a second thought.

Move to Montana or maybe Idaho instead Mr. Kraut. They're better than the Dakotas

sad and edgepilled

kid, we're gunning for utopia. fuck your world. if everyone thought like you, the powerful would get away with far worse than they dare do today.

Nobody rents boomer homes.

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>rode

good take, ausfag here, 20yrs old, just starting my adventure into investing. what does this mean for my generation? do we get better more affordable property and housing?

my family own a fair bit of property in sydney, nothing too crazy- am saving up for property investment

Britbong here, Welshman to be specific.

Average house price in my town in £90,000. Considering buying this year, but should I wait?

The other user is right you want cash working but I would hold for another year or two. Then go for stocks/crypto. The boomers cash out will take a long time. 5-10 years, plus the slow down of investment coming in for millenials and zoomers will drag down the market.

Other anons are correct north Dakota land isnt actually cheap since the oil boom. Montana and wyoming is better for remote comfy nature.