Everything bubble

Housing prices in the US are primarily driven by massive over demand from all of the foreigners in the country.

Parts of it are in a bubble and parts of it aren't. Use common sense and you'll be fine.

There us no national housing market and this is the most important thing to understand about real estate. Any generalizations made thar don’t take this perspective are worthless.

That said, prices are high anywhere that is mostly white and not a rural shithole with no redeeming natural beauty. White flight away from immigrants is massive and it is mostly Democrats leaving their overpriced, declining strongholds.

>housing prices are driven up because of all the people making under 20k a year

similar thing in Switzerland - educated people move there, earn more than local lowerclass - they drive housing prices up, why do you think silicon valley and all other high income regions are so expensive, its due to domestic and foregin migration

This. Live in a growing city where a bunch of rich white kids are moving in and displacing poor black families. These families bought their houses for like $100k or less, developers buying them for $250k and flipping for $500-700k.

You guys thinking a huge crash is coming have to realize at a certain point nobody is going to sell their house because they won’t be making what they want/need, and that will drive inventory down and prices up again. It’s not like all of a sudden everyone is just going to decide to sell their house for half of what it was worth yesterday. Most people will wait out a recession and that’ll end it within just a few years since inventory will dry right up.

What do we even do? I keep wanting to buy a place to live because I'm able financially, but it just seems like such a wild ripoff I don't know if it's even worth it. So much money to pay just to get stuck with mexicans on government housing loans.
But rent keeps going up as well. Should I buy a god damn van to sleep in and ditch all social interaction?

Housing prices are driven by loan growth. Notice how when the yield curve inverted, prices stopped going up, because it makes it much much more difficult for banks to lend.

>these po black peepo only made 150% gains from the offer they willingly accept from the developers, who ABUSE the system to sell the house later for 100-150% gains!
Breh

and the worst part is that they pay for it with welfare.

Depends where you live, user. In major cities there is less room for development and population grows faster. Long term trend will always be up. If you’re buying rural then maybe it’s worth a wait but no one really knows how long that wait is. We still haven’t even reached 2006 peak levels, and the overall housing market trend is always up. Since the recovery in 2012 the overall market hasn’t outpaced inflation but most major cities have done incredibly well, several of them up 100% or more in average home price. I live in a hot market which appears to be slowing but also I see builders have switched to building multi family units instead of single family homes. Space for new single family homes is running low and the prices are so jacked up so it doesn’t pay for developers to build them, but long term this means single family homes will be a rarer commodity in my city. I used to live on the UWS in NYC and every day would pass by brownstones that used to be single family homes which sold for like $50k in the 70’s and are now mostly multi units or homes worth $7-20MM+. Lower class families that held that property can retire rich beyond their wildest dreams. NYC is obviously its own beast, but the thing about real estate is as long as an area is growing and people are moving in, housing prices will continue to rise as demand outweighs supply.

I didn’t say it was a bad thing. Way to project.

I'm in a hot market as well. Utah.
It's growing so fast it's ridiculous and likely will keep going up.
I dunno.

It actually is. The whales are buying all the properties and rent them out to wetbacks and pajeets.
In the western Europe the whole market is controlled by whales and 60% doesn't own anything, that's what's coming to US. Unless the market pops and the whales get rekt.

It’s built for swinglinkers

I guess I’d ask myself if I got stuck in the home for a few extra years because the price crashed would it be so terrible. If you’re living within your means then holding a bag isn’t the worst thing in the world, and being on this board I’m sure you’re used to that feeling by now anyway. Short of a true recession where the job market tightens up and layoffs are happening, you won’t be in any high risk situation. The major risk in this all is that you lose your job and can’t make your payments and default on your loan which will financially fuck you in the ass and leave you homeless. The likelihood of that happening is relatively small. Honestly, doomsday prophecies about the housing market have been going on a full 2 years now and most markets boomed that entire time. Things are slowing now but that might be all we see - a slowdown. Maybe the next 2-5 years prices remain stagnant and then the doomsday people disappear overnight and suddenly we are in a bull market again. Could go either way, I don’t see any highly unhealthy housing market signs though the larger economy is questionable. Housing markets exist off supply cycles. Builders build until they built too much, then most go broke because they can’t sell the shit they dumped their money into, then stuff sits on the market and nothing gets built for a while, then people buy that stuff over time but still nothing is getting built, then prices soar and demand comes in for builders. Where in that cycle is your market?

>80 millions retiring and going to retirement communities

Oops you forgot a major factor in your equation

Boomers retiring at a rate of 10000 a day. Soon they will move to retirement communities or die.
>people dont live forever
>giant generation phasing out
>what are effects

I don't follow closely as I have other things I need to work on for my job, but I've caught several things throughout some articles about building is relatively slow and doesn't keep up with demand, there are legal restrictions about multifamily housing preventing higher density housing, people keep moving in at an incredible rate because companies keep moving/building offices here and much of the population keeps reproducing on top of that (mormons and mexicans mostly).
I keep wanting to buy a place to live but I feel like I should lean on the side of caution and just wait another year or so until my salary is even higher, student debt is lower, and I have more personal time to really research real estate.

What area are you in? What's driving the growth?

outstanding

Inventory will nevery dry. Clinton made sure the stock to flow raito would always be high, that way homes are not a store of value, capital is not hoarded, and velocity of monies continues to happen. A poor black wal mart employee who smokes crack can get a mortagage as easy as a phd doctor.

The doctor has more debt. Creditors hate bad income to debt ratios

>What are property taxes

Usa is rekt, you burgers dont understand. Itll never be the place your parents grew up in. Its going to get worse. It does every decade. Your parents sold you to jews for municipal bonds to fill their pensions that went bust in 08.

You cant recover from this. Thats why fed pumps equites, to keep pensions fat. Equity market isnt private any more. Its just subsided companies who get govt defcit spending. If they dont get deficit spending, they dont turn a profit. Private equities are really just state owned utilities that are used to fill pensions up.

You burgers cant see it, because your to young to see a state that did not exist in such a state. The treasury is being robbed, and the barbarians are at the borders.

Estimated 1/3 of men in usa wont be working by 2030. Its not automation. Its secular stagflation like the Balkans

its not the robot guys. THERE HASNT BEEN GDP GROWTH WITHOUT A INCREASE IN DEFICIT SPENDING In deacdes.

Tdlr

The top employers do not turn a profit unless the govt spends money. There is no real private market, there is no free market.

>people would rather go spend all their retirement money on some smelly old persons community than on traveling, eating well, and enjoying time with their family living in the house they paid off in full 10 years ago
1) not everyone leaves their home
2) there will be more millennials on the planet than boomers, there will be plenty of people willing to buy boomer homes.

Nashville. It’s hip, it’s young, lots of big business moving in so plenty of jobs, housing still affordable compared to NYC and LA (where we get a lot of migrants from), and no state income tax and low property tax. Also like the only progressive area in the entire state so to that boomer guys point a lot of progressive Tennessee boomers retire here as well.

Inventory dries all the time. It’s cyclical. No buyers and no money for development causes inventory to dry up. I literally wrote the entire cycle out for you. You can read plenty about it elsewhere.

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Wrong, when you subsidize home ownership to lower class. It increases the stock to flow raito of homes. Anyone who worked their ass off to store sweat equity in their homes gets rekt because any low class person can also have a home with out the same down payment or equity requirments. When stock is increased, then store of value mediume dissolves. Inflation in the amount of units. Usa has negative birth rates. The amount of houses on the market is not reducing anytime soon. Thanks to clinton. 2008 was a product of this. Boomers cant retire because all their sweat equity was stored in the cost of the home. That value was erased during home ownership subsidies and 2008. Further more, boomers can not get out of these homes, because no one in the younger age group has a job, the purchasing power, or the income to debt raito to buy these boomer homes. Its not cyclical, if it was that predictable, everyone would make money on it. Get of here with your meme bullshit forbes article interpretations.

>Salt Lake City. It’s hip, it’s young, lots of big business moving in so plenty of jobs, housing still affordable compared to California and the west coast in general (where we get a lot of migrants from), and low property tax. Also like the only progressive area in the entire state so to that boomer guys point a lot of progressive Utah boomers and faggots retire here as well.
ftfy
So many similarities.

This is neo fueldism.

It is here. You cant turn back. The majority of americans will never leave their car, home, and student debt behind them. Time to wake up. Dont forget the failing municipal and state bond markets.

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>exposed brick walls
>furbabies
Fucking hell memes write themselves
This world is a giant meme

>Also like the only progressive area in the entire state
The definition of "progressive" in Nashville is "Yes, my wife's daughter only dates black men and we're so proud."
>t.grew up in Saturn apartments off Murfreesboro road.
Nashville and by extension most of Southern "progressivism" is cargo culted from hate whitey television sitcom bullshit. Don't let that stop you though. I moved from that shithole a long time ago.

Have you considered composing a coherent thought before posting? Or do you just post whatever stream of consciousness comes out of your ass like diarrhea?

God bless america. The secular temple science has failed hundreds of millions

22 trillion in debt

Negative birth rates, dog fetishes

230 trillion in outstanding liabilites

Secualr stagflation

Declining EROEI margins

No more middle class

Debt enslavement as a normality in culture

The acceptance of usuary as a good moral derivative

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Balkanization of the americas is almost complete.

Does the reality hurt? Chinese have higher ppp than burgers. Prepare for further declining wages and purchasing power. Until your on parity with india, Indonesia, china, and Malaysia. Europeans lost 1/2 of purchasing power in 10 years. I understand, realizing your hoi polloi. Is hard.

(you)
>13 posts by this ID

Yeah, this is what people don't understand about the current situation. The financial instruments in America are largely what is causing this boom. Virtually anyone can afford a home under any variety of fringe loan structures that they have come up with. Someone earning $50k/year can afford a $1 million home now.

Leave the usa, and go attempt healthier margins in south america. Your grandparents left their homes to do such...

Your lucky the machine counts for you. Maybe you will waste more time reading my comments about the economic realites or you will waste more time upset about the fact that i comment. We are not sure yet user.

These.

If anyone can afford a home, than homes are not a store of value. And not some where, you want to waste 30 years of sweat equity on. What a scam lol.

Thanks user. Glad your catching the trend. Been making a killing selling emasculated men shaving kits and custom dog collars.

Progressive lol

Accept usuary as normal

Worships dogs over children

Loves lgbt , big tech, isreal and IMF vegan running out of food durth cult.

Doesnt worry about the majority

So progressive

What happned to the progessives backing militant labour parties that fought for better working rights?

Now all you can do is talk about genitals because talking about the real econmoic reality is to difficult.

>Constant grammar errors
>Seething
>R*ddit spacing
You know the rules, post your hand pajeet

What the fuck LOL

I just want this joke system to be over so I can claim Lordship of a lush green valley through strength and wisdom, forget consumerism and forge my silver stacks into jewellery for my forest nymph harem

funny im rather decent at spanish but importing cars is expensive and also i dont want to be stuffed into a barrel full of acid by the cartels for no reason

Why are you so upset user.

Grammer doesnt pay the bills you nig nog. This key board is tiny, and its cold on my Patagonia cattle ranch

Reddit is for those who worship genitals.

I am glad that everything you witness has to fit in a frame work of reddit. You spent a lot of time there i can see

Space.

Space.

Space.

>Rent free

You are really ignorant if you think all of Latin america is like northern mexico.

Please leave your village you poor incel.

The real men, are practicing international capitalism and putting mullatos to work.

>Leave the usa, and go attempt healthier margins in south america. Your grandparents left their homes to do such...
I said southern """progressive""" culture was fucked due to the "cargo culted from media" origins of it (it is). That doesn't mean I want to move to South America, I mean wtf dude. It means if I were interested in legitimate progressive culture I would need to move to where it is which is most certainly not in the South. Not to belabor the point but when your definition of progressivism is how large the hoop earrings in your 14 year old daughter's ears are and how many black dicks she can take at a time, you have a problem.
Whatever though, I don't give a fuck. I left so knock yourself out with how "great" Nashville is.

Go back to your neo fueldism hoi polli. Where the gentile prefrences of the vocal minority is the most imporant national discourse.

Never mind the 22 trillion in debt

230t in outstanding liabilities

And two generations of indebt college kids.

I guess im retarded

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Large houses will fall, small houses will retain value, land will rise.
Land is limited and population keeps growing.

Fucking BTFO

Why don't americans put their electrical infrastructure underground? I thought it was supposed to be the richest country in the world.

Im to ignorant I cant

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Your day shall come user. The hoi polloi can not move past a frame work of genitals. The competeion is easy. The men herm out like a weed plant in stress due to the economic austerity and balkanization of the west. This increases the stock of woman and makes pussy cheaper as men as providers become scarce assets. Further more the cretins self select extermination of their own gene pool with abortion, while the capitalist and tradionalsit have a plethora of children and make nice margins in biotech firms who utilize the fetus.

The progressives arent 22 any more

They are 30 with blue hair, tattoos, insane debt, no kids, no property ownship.

Toxic assets

Agree. Smaller homes have had increase. Bought a dozen small homes to rent to progessive phd students in debt with blue hair. They clean better than the lowest of the trash.

maybe we should all have ranches in south america.

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Were poor. America is a country of immigrants. The only people who want to come here are poor low caste trash. Since the 1700z user.

All americans do is scroll through instagram.. looking at europe or south america

Comparing a land mass 10x the size of north america to one area in Mexico. You are such a retard lol. Maybe you wouldn't be here if your grandpa wasnt a bitch, couldnt take risk, and attempt to make better margins

Stay poor user. We running fat head of cattle in german Patagonia. Not much different than swizerland here. I hope you stay scared, we dont need competition

>guuuuuuhhhh everythang ish in a babel !!!!!

have you literal retards ever stopped to consider that it isn't that EVERYTHING is in a bubble, but its that the USD is inflating at an accelerated pace?

Let me break it down for you living brainlet wojaks -

>USD is the world currency
>USA decides to quadruple the money supply
>all the business people from around the world realize this devalues the currency so they start to park their money and all profits in assets like housing, stocks, etc (think chinese buying up property in vancouver, london, etc)
>dollar continues to fall, everything else appears to rise

this is basically the same shit as last century when the US fucked with the gold standard, and rest assured the dollar world currency will have to be abandoned. I know it sounds absurd but we are going to have to move to a different world currency. And that is why you should be extremely bullish on crypto. This will take several decades, but the wheels are already off the wagon. Want a house in the future? Buy a BTC and sit on it for a decade.

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your right i am retarded

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I just bought a home in Utah. Prices seem to not stop going up. Already up 30k since initial purchase. The market here is nuts and will not stop because of all these tech companies

Oh so your in europe larping about south america? So basically you have no idea what your talking about?
>Ultimate kek

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i think you and nashville user are speaking of two different worlds that are both real and true in america.

where there are jobs, nashville user is right. growth is very real and the boom bust cycle is still going strong.

where there are no jobs (much of rural america because we’re moving away from production) real estate is just on a slow decline as populations continue to move into the cities where the jobs are.

lesson: always buy in path of progress. near but outside booming areas. let that area grow into you and make bank~

(i bought between two big cities in ca, it’s worked out well for me)

You just bought in the melt up

Not absurd user.

Fiat always dies. 100% of the time.

The biggest wealth transition since the discovery of the new world is happening. This time its west back to east.

The pontiff, the presit, the sacred gurdians of the American republic didn't tell anyone.

They pretended they could isolate the reality with increased defcit spending and tunning the public out with entertainment, meta trauma, and vocal miniorty gential discourse. It worked.

Mexico isnt latin america you retard.

I am sorry mexico creates such fear and irritation in you, that you can use it, to justify your cognitive bias about the balkanization of america.

2.5m died in the middle eastern wars idiot. Just more democide by the govt is all. Wasted tax money, nothing to see here. Dont forget mutagenic warfare with depleted uranium rounds.

how about yfw you realize that the entire financial system is a ponzi scheme?
Me? I just decided to learn how to manipulate it for my benefit.

Califonia and midwest deflation will continue to pump new Mexico, utah, colorsdo, texas, and arizona. Good job user. Hopefully Utah can get a rec weed ballot and you can get a x10

>while the capitalist and tradionalsit

Capitalism and traditionalism are at odds

You dont manipulate it lol. You just make money in the waves. Your a market maker? Nope. You aint fixing any spreads, but that toast you butter yooo

No there not. Jews are the most enriched capital pool in the usa.

Up next is mormans

The capitalist have babies because they can afford to, while the cretins self exterminate their own gene pool. And the capitalist and tradinoalizt make big roi on nio tech and gene pool proliferation.

Its beautiful system

if its a bubble, and it pops, wouldnt we then be able to afford the houses?

The abortion polarity debate is just a production. So that the self extermination and sales of fetuses marches on. We cant have cretins breeding.

this character is fascinating.... owns and runs a farm. slumlord. so thankful for progressive men as tenants who are respectful and take care of his property but also says they’re toxic assets.

10/10 for an original larp

shit, i misread OP

Might as well make some roi on their trauma and convince the cretins self extermination was their choice.

You got capital and labour markets

Maybe one day you will make it to capital market user.

Very thankful for the creation of the neo fuedal tenant class user.

No you need money creation, m1 thru m3 expansion of monies supply plus purchasing power. Bubble pops, none of that exist. 0 americans have savings or capital. Its all liability that is owned.