Anyone else seeing home for sale signs everywhere?

Anyone else seeing home for sale signs everywhere?

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lmao how can anyone deny we're officially in recession if not financial panic mode?

Yes. Small town Alberta. Sellers are trying to wait it out, but they don't know what's coming.

Yes. Bunch of boomer faggots who think their mcshitshack actually appreciated in value from being lived in for 20 years and not being improved in any way.

Even worse, a lot of "DIY" work that is so painfully bad you know it's going to have to be redone and replaced.

about 1 year ago Passed out flyers in a neighborhood of about 100 houses... at the time there was only 2 houses for sale.. now there are over 13.. 3 of which are on the same street....

>tfw destroying boomers as a home inspector and pointing out all the unsafe and stupid shit they had done to their home.
>tfw clipping $75,000+ off the value of their shitcans be being thorough and legal.
>mfw they try to sue me for doing my job correctly, and I win and claim damages from them every. Single. Time.

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Yeah I remember the same thing happening in 2007. Open house signs. Balloons in the air over newly built homes.

Based. The hero we need but don't deserve.

quickly goy, buy our houses, we need the retirement money!

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They all bought the top.

Yes. In my area, people are getting trapped in their homes. Taxes skyrocketing, real estate stagnates, prices drop.
>pic related
I would have bought a house by now if the school and property taxes in this area weren't so fucked.

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Is Canada fucked

>mfw they bribe me to cut corners.
>mfw realtor also bribes me.
>mfw I make a full and complete report anyways.
>mfw collect full price, plus their bribe, and dare them to due me at which point I can counter sue them for even more.
>mfw so many desperate faggots trying to sell (CA) that I can't possibly burn enough bridges to fuck myself.

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CA is where I'm from. That's where I'm seeing so many signs. Signs on the highways not even near residential areas advertising homes and apartments and such.

It's on a bad path.

They're in for hyperinflation. Massive money printing to prop up housing prices.

Lots for sale in Australia. Theres heaps that say for private sale too

you faggots need to state your country

Canadians? Australians? Americans?

yes, including outside our house, and no one wants to pay what we want for it lol

So it's just like zoomers trying to offload their shitcoins bought ar ath?

Califag here, my dad just bought a suburban house for 600k to rent out for only $3200 a month

How is this better than buying shitcoins, when you consider how much tax and mainetenance he has to pay

I see alot of them, prices are almost as high as they were before the 2008 financial crisis in my country

whatever you do, do not buy a house now, the bubble is about to pop and the normies wants out

Is he losing money every month for this investment?

Because real estate will never fall to zero like all your shitcoins. This is why your dad made it and you never will

on a 15 year mortgage he pays taxes and interest and the renter pays 100% of principle. That's not considered a loss.

A small US hedge fund in Denver just put huge shorts in the Canadian, Ausi, and Chinese banks. Connect the dots my friends

Baltimore area, yes. First half of last year, houses were getting bought the second they hit the market in my neighborhood. But nothing's moved in months now and the for sale signs are growing.

>it's gonna crash just like my kiddiecoins

You realize people need houses to live in right? The alternative to repaying a loan is paying rent.

People have always needed houses but they werent this expensive in the past

The only reason for that is the growthing demand due to population increase and more single households. Furthermore wages are stagnating for years, obviously it increases, when you change the equation and inflate the market constantly with cheap money.

What happened?
Why is no one buying a million dollar particle board shed in a fucking vibrant Baltimore?
Goddamn millenials and their avocados.

There has literally never been a a time when people needed to own an overpriced piece of garbage. Rent is pretty much always the better choice, financially speaking. One builds equity, the other leaves you with liability and a money sink. Just for fun I won't explain which is which. I know you will be too stupid to figure it out since you're a home homo, and this amuses me.

Giving someone else money to pay off their loan builds equity alright, for them

There's less land and more people. That's how supply and demand works. Lower supply + higher demand = higher cost

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Last ones to the fire exit get burned.

I'd rather have lots of money than small amounts and never getting to have more than a very small amount. Not sure why this is such a difficult concept for you.

>Live in Australia
>Rent out house for $420 a week
>House is worth $600-700k
Owners are getting 3% rental yield a year in my town, if your dad is getting 6.5% that's really good.

based

you realize that nobody is getting married right?
you realize niggas are living on their parents house, right?
you realize niggas are just renting rn, right?
you realize these prices cannot sustain themselves, right?

Doing God's work user

t. Civil engineer

So.. 2008 all over again?
Plus the Euro Zone taking a huge dump?

Wew

>Balloons
The irony is not lost on me

I was around in the 08 crunch. Lesson from an old fag: greed and corruption eventually crash and burn. It just takes longer than the ethical people prefer. If you're in for the long haul, stay ethical even when it feels like you are the only one doing so and you're missing out

You can already buy houses in smaller towns in California for ~$50k.
The market is crashing everywhere except in big city centers.
I'm not a super-hiper-real-estate-specialist (I have some real estate though) and it seems to me that possibly the best investment at the moment would be to buy old apartments in tenement houses in semi-rich European countries, Italy, Poland, Hungary, Portugal etc.
You can still buy great apartments there for extremely cheap next to city center in heavily urbanized areas, mostly from old childless people. They will all require some investing when it comes to the renovations, but:
>The prices are peanuts in comparison with USA.
>Location is EVERYTHING, no matter the country.
>Their demographics isn't as fucked as ours.
>Continental European real estate market is still developing and the value of all investments will rise by a huge margin without any doubts.
Just my two cents.

Not all heroes wear capes.

Why selling?

Based if true.

This.

Kek.

I dropped 60k$ on renovations for my house in 2014. Probably could have done it poorly for more than half that, but opted for the right way. Now I'm close to closing it and getting >200k in tax free capital gains.
>Comfy-30-year-old-Boomer.jpg

Outlying area of Vancouver here.
3 br apartment dorm rooms in the sky go for 1-1.2M CAD in my neighbourhood, triple that downtown. Everything is starting to sell off. Houses on my street are going for 250k below listing just to get them to sell. More for sale signs going up now as the chink money pulls out. I'm all cash right now trying to decide if I should buy gold etf or not. Shits about to go.

>saw a balloon on an open house sign today
>oh nos economy crashing cuz balloon

OH SAY CAN YOU SEE

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Based and boomer-pilled. Lmaooooooooo

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What is a reverse mortgage for $1000

Here in spain banks are trying to sell homes ocupied by squatters, which you cant evict because they're protected by the commie government. They're asking for 20 to 50k.
Do you think it's worth to buy these, murder the squatters, dispose of the bodies and instantly double your investment? Been unironically thinking about it.

>roastie gf leaves me and moves to austin
>immediately knocked up by the next guy on tinder
>the guy is forced to buy a house top of the market $500k

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i was in one of the last white neighborhoods here in Miami. they built high rises on the outskirts of the neighborhood and now dousche millenial spics are destroying it. everyone is trying to sell

Just move in some bulky dudes who would make so much ruckus the squatters will have to move out unless they don't value their sanity and comfort of life.
Another good idea is to "renovate" windows, you know, remove them and wait until better time to put them back in.

>move in some bulky dudes
nah you cant do this, the laws are so stupid you cant move in or evict them, if the squatters are living there already you're fucked, it's their home even if they don't have the property title
>Another good idea is to "renovate" windows, you know, remove them and wait until better time to put them back in.
Again, you don't have access to the house, if you go in they can call the cops on you. If it was on floor level maybe you could even do it from the outside, but hey it's spain it's barely even cold in winter.

it's the reason banks are selling this shit, because owners are powerless against squatters, and the only way to profit on this is murder

Philly here. I'm far from an expert on real estate, but this city seems to be somewhat isolated as far as the housing market is concerned. It feels like prices have been on a slow and steady increase for all of these years without an extreme spike, so a slow and steady decline might be expected. Certain neighborhoods are building up fast, but there is a sense in the air that it's slowing down just a bit. There is a ton of new construction. Developers have been buying entire blocks and putting up cookie cutter row home, and it's the kind of thing that you can't imagine going on for much longer. I'm personally going to continue renting because I don't love this place and see myself bailing pretty soon. Can't help but feel like some friends who have bought in the last couple of years might be feeling some regret soon.

fuck off destroy your own country, you sound the chinese

*like

the economy is much worse than people think.
according to all the chart data, a catastrophic crash is overdue.

we will reach depression levels in america by the end of 2020.

ITT: loser NEETs claim the economy is bad because they're loser NEETs

I have a better idea. How about getting a ton of bugs - bedbugs, cockroaches, fleas, etc and releasing them inside the house. literally smoke them out and then when they leave you hire pest control to remove the insects.

I'm reading about it.
Apparently it's illegal to change the locks when the squatters are out. You'll get sued by them, the cunts just go to this support associatoins paid by the city council that provides them with a lawyer, there's precent of people getting assraped for doing just that.

I didn't say anything about changing locks. Infesting the house with naturally occurring pests and them leaving on their own seems the easiest and most legal method. Might be difficult to get certain bugs, but I am sure you can figure something out if you're serious about it.

can't wait, hopefully it's catastrophic and the US devolves into complete turmoil and hysteria and 150 million die from starvation and illness. it's our only chance to make American 90%+ White Again, aka Great Again.

just kill them user, get rid of the dregs of society. the fact your commie government goes out of their way to protect that scum is argument enough to hang your law makers.

I have a 100k townhouse paid off that I currently live in. How to rent it out and use 'equity' everyone talks about?

>buy the house
>take out insurance policy
>set fire to it at night after barricading the doors
>collect insurance, use to rebuild house
>sell

based and inspectorpilled.

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cheers mate

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Holy based

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are you an appraiser or a home inspector?

Based user, I can only hope I will one day grow up to be a man like yourself.

it's the effect of 10 years of nearly free money after a period of 30 or 40 years of expensive money. and cost of equity has been falling while rates rose recently. buyers of large rental properties are often foreign (e.g. borrowing in their currency for even cheaper if from europe) and the deals they're doing have really low returns, to the point where it seems like it must be just about perceived capital appreciation or even just diversification. it's literally as simple as interest rates and wages. with all these new minimum wage laws that have been put into place in various states rents will probably keep growing after hitting a ceiling in a lot of places over the past year. without major rate increases this should keep the nominal price train rolling on real estate until 2022 or 2023 at least. it might just runaway forever until some day of reckoning is forced, but I see no evidence that is near

learn "property condition assessments" and you can. i know a few companies have to subcontract those because finding anyone who knows how to do is it uncommon. not rare, but uncommon. fairly decent job security, though i only sub those for commercial. i dont do residential so not terribly familiar with the market. its one of those skills that some of the older folks in property transactions know, but theyre paid too much to do it anymore.

some day i hope to be as based as you

Sadly this wont work in high cost of living cities like DC. People are cash buying rotted out houses sight unseen for 400k and up.

>sellers are trying to wait it out.
Not the ones who are selling now, which is likely comprised less of the savvy single property homeowner and more of folks who flip realistate for a living and are trying to liquidate as much as possible before the next correction.

>mfw
>doesn’t have the updated Elon puff pic
here ya go, lad

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This 100%

A bunch of anecdotal faggots in this thread. Show me some actual information. The housing market is doing fine. Prices will come down naturally due to interest rates slowly rising and these homes will eventually sell. This is a normal phase in the cycle.

This.

>property taxes
A friend of mine actually dealt with this recently. He ended up renting out his house and then renting a place where rent was cheaper than the mortgage payment. Smart move, because now his renters are paying off the mortgage for him essentially. I'm not sure if he factored property taxes into what he's charging in order to get that paid as well, but property taxes have been going through the fucking roof where I live. I'm definitely not going to be buying property in this area for a while with all this property tax bukkake going on.

Same shit in France
Even in the small towns

>neefy

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that's really the only major drawback to real estate. it's immoble and there is always a local extortion racket that demands protection money from you when you "own" it. in times of budget shortfalls for the local cartel it is always the low hanging fruit to squeeze out the difference

If we all decided to burn all the banks to the ground it would solve everything.

*inhales*
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

1929X2 HERE WE GO!!!!

The absolute state of this Shit board

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If the boomeress has to sell her stupid porcelain collection to pay for damages you deserve a 10k stack of link

fucking kek

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Italy especially. Some of my friends were looking into buying what is essentially a fucking mini castle, like made out of stone and everything, which is selling for like $1 million USD in the Italian country side. It'd be for personal use, but I totally agree on the apartment/tenement house idea, though I also am not a real estate specialist.

You fucking have to go back, you collasal faggot.

Thank you for your service. I told my boomer parents their renovations would add no value to their house and they just laughed at me. They had to eat the costs to be able to sell the house. Now, even though they are struggling with crippling debt, continue to perpetuate their own private hell and want to do renovations on their current house. How do they not see they are choosing enslavement?

JUST
U
S
T

I'm from Austin and luckily am inheriting property, otherwise no fucking way I would buy in this market. Like seriously, people started buying 2 bedroom homes which literally used to be crack houses in formerly ghetto neighborhoods for like $300,000 or so. Sure, they're close to downtown, but why the fuck would you do that?

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Boomers are obsessed with renovations because they think it will somehow renovate their shit life