i've seen conflicting theories ... if interest rates go up soon won't house values go down?
i'm moving to a new town and want to surmise if i should invest in a down payment + mortgage or coast on a rental until i have enough cash to buy something outright
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Depends what country. I'm guessing American because you guys feel you never have to fucking say where your from because the world is the US LOL!
Ok got that off my chest. I'm not sure man. I was thinking of buying in Australia but the housing market is deflating and going south after a 20 year bull market.
I'm not sure what it's like in the US at the moment. But at the end of the day it's like this.
Is it to live in or is it to invest in and rent out?
Are you earning well?
Have the medium house prices come down or going up in the area you are moving too?
Are you looking to buy a premium house or a cheap place?
These are the variables to think about
The thing with interest rates is that if rates go up the inflation slows so house prices won't rise. Basically you want as much debt as possible in an inflationary market because the gov is inflating away your debt.
I bought a 2 bedroom rental for 90k and rent it out for 1200 a month. Gonna keep buying until I hate money
>American website
>surprised Americans don’t state they’re American
Wait for the next recession, which is coming soon. It's a seller's market right now. You'll get assfucked by a boomer if you try to buy right now.
>assuming this is not a Vietnamese shrimp farming forum
I'm in the process of buying a huge 4 bed 3 bath about 35 miles east of NYC. 99% white neighborhood. Needs some cosmetic work and some new windows. I wonder if biz can guess how much I'm paying
I'm just here for the Weeb Chics
> Should I buy real estate at ATH
You literally can't make this shit up folks
Don't buy on any US coastal city. Don't buy anything in Canada.
Anywhere else idk.
Is it possible to buy a house (with a loan) as a 20 year old?
Yes
Interest rates are really low but property values are sky high. I used to think we were peak bubble but rates went up 2 points and real estate went up too. If the credit bubble ever bursts then I think rates drop to lowest ever, FED goes negative and values don't move when they should have tanked or they go up even more. I don't know what I'm talking about.
Yes. Stated income verified assets is back. You could literally have someone move money into your name for 3 months and then move it back out and buy a house with no income.
It is?! fuck time to reload ninja
p.s., know what bank specifically?
Fuck wrong image. It's this lender. Got this email from them.
It's always a good time to buy real estate and dividend stocks
>t. well-off boomer
Pretty much anything below 7% interest rate is a good buy
Personally I don't believe that realestate will crash anytime before 2025. Reminder that Trump's business was realestate and that it's historically a high chance of 2 terms. The first big risk I see is a new administration putting some retarded tax.
The last crash was caused by banks packing trash loans with good ones and bribing the rating agency. This issue has since been fixed
are you telling me you didn't raise your own shrimp and start a shrimp farm in 2018 when btc was taking a nosedive?
I wonder who is behind this post
I'm in the real estate industry. It will most likely go sideway for a couple of years.
> indian shitcoin trading board
>is it a good time to buy real estate
I mean, it could be a huge number if it's on Long Island and Waterfront, or Connecticut for that matter. I'd guess definitely over a million without knowing specifics of the area, maybe 1.2 if it's in a standard area as you described, up to 5+ million if it's really nice
No. You’re welcome.
this shit always blows my mind. I'm of the opinion that the market, at least in my high tier metro area, has cooled down but is basically stable over the past months. rising rates, all else equal, would make prices go down as payments become higher at the same price for new buyers, but there is still seemingly enough demand to meet the persistently small supply at a rate that is stable, even with a good deal of new construction. Problem is, there is really nowhere good to build, everywhere being built on is either further away from the city or on some weird land that was too expensive to engineer in the past. boomers have an iron grip on this through their zoning laws. the big difference from 2008 is I believe that underwriting is a lot more serious at the current time and has been taken much more seriously. back prior to the financial crisis they were giving loans to anyone with a pulse (and even a lot of people without one)... fraud was massive. nowadays it's more the moneyed class buying up more property steadily with either low interest foreign money in the large apartment sectors or their rental income in the small income sectors. I don't see a reason for a crash anytime soon, although a small very modest pullback could happen if the general economy goes to shit enough to put pressure on mortgages and rents
youtube.com
The Chinese housing bubble is almost five times as large in terms of debt as the American housing bubble in 2008.
What did the American housing bubble did to the World economy? So what do you think A BUBBLE ALMOST FIVE TIMES AS LARGE will do to the world economy?
We’re about to enter a global recession.
More importantly does biz even care sir. The answer is no
Wait 3-5 years, there's a big bust coming
Unless you have some handy skill and can buy a fixer-upper or some tiny-ass house in the ghetto
Kek
Christchurch?
"Buy when there's blood in the street"