Housing market has hit a ‘significant slowdown’ in recent weeks, Redfin CEO says

>you need jerbz and industries for that. we have a rust belt and 80% of the US is economically dead.
Won't middle-America have some kind of local import that would always be better as a local import than a foreign one? Organic food comes to mind, its strange how the US food industries sell organic food as "more tasty" when thats bullshit. They should've done like here in Finland and advertise it as "100% certified american produced food".

(you)

Americans have been duped. We can't compete because our domestic industry has been ripped out from under our feet and relocated abroad. It doesn't help that we have insane regulations and taxes on business that just make competing here too much of an expensive hassle. Also Trump is right that we get screwed in multilateral trade deals. So we can make a nationalist economy that fixes these problems and then we literally don't need shitholers anymore. Honestly the bigger obstacle is to make a consumer culture that rejects cheap plastic shit. Because a revived American industry can outcompete on high quality goods.

>we're headed back to 2014 levels of appreciation
whooaaa who would have thought double digit price increases weren't sustainable everyone go buy a chestrig crash inbound

In July 2001, Paul McCulley, an economist at Pimco, the giant bond fund, predicted that the Federal Reserve would simply replace one bubble with another. "There is room," he wrote, "for the Fed to create a bubble in housing prices, if necessary, to sustain American hedonism. And I think the Fed has the will to do so, even though political correctness would demand that Mr. Greenspan deny any such thing."

As Mr. McCulley predicted, interest rate cuts led to soaring home prices, which led in turn not just to a construction boom but to high consumer spending, because homeowners used mortgage refinancing to go deeper into debt. All of this created jobs to make up for those lost when the stock bubble burst, which made up for those lost by offshoring to Asia and importing h1bs.

Mr. Roach believes that the Fed's apparent success after 2001 was an illusion, that it simply piled up trouble for the future.

When the Tech Bubble popped in the late 90s, the Fed decided to drive interest rates down artificially to prevent an economic downturn. The real estate market was already over valued, and with lower with lower interest rates making homes more affordable home prices soared. The average annual increase in home prices across the entire country rose from an average of 6.93% in 2002 to 13.23% in 2005.

We're seeing the same thing happening throughout (most) of Europe.

It's a literal boomer pyramid, since so many of them decided to larp as real estate moguls, and vote for policies that promoted mass immigration in order to keep the pyramid from collapsing. And the music has stopped.

Your reason is quite valid. Can add another. The tax law changes. Why hassle with home ownership when a couple will get a $24k standard deduction regardless of deductions for taxes and interest? Also rich ppl deductions are now capped. Surprised it has taken this long for ppl to respond but now it is happening and should get worse after tax season next year imo.

I'd look for prices to stabilize as supply increases, 5-7% YOY increases for awhile

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no shit, the yuan keeps slipping for the 9th week in a row and all the chinese home owners are getting fucked

Same thing is happening in Europe as well.

I blame Boomers.

>tfw no debt
>no house
>no car payments
>know that social security isn't going to be there anyway

let it burn, all of it.

So true. Would add that 911 also contributed. The economy stood still afterwards as we did not know if it was a one off or part of a new terrorist war. The fed reserve used low interest rates and housing ownership as policies to keep the economy afloat.

>housing scam resulting in the 2007 bubble

the depressed economy (resulting from free trade sending indsutries overseas) was propped up by a housing bubble, which was created to house millions of illegals.

the govt and financial institutions provided a "bail out" to the people in the form of low interest rates and lax regulations. the lack of job opportunities in the depressed economy forced people to exploit new career incentives created by financial institutions and govt focused on real estate speculation. with everyone speculating in real estate through "free money", the bubble burst.

The two largest bubbles of their kind in the US history - the Stock Market Bubble of late 1990s and the Housing Bubble of 2002-06 - over the past ten years are a result of the largest Debt Bubble (or Credit Bubble) in US history.

PUSHING DEBT HAS BECOME THE EASIEST AND THE MOST PROFITABLE BUSINESS IN THE US OVER THE PAST FEW YEARS.

Who wants to take the risks of a producer when financing has become so lucrative? Look at the largest "industrial" corporations in the US over the past decade, or two, and what you see is that they are lot more into financing business than in production business.

the boom-bust nature of the Longwave Cycle has most to do with debt, hence the "banker's mischief" in creating them.

I am amazed by the fact that blind faithful of the American System don't see the current "reckless mortgage lending" as an indictment of the whole econo-political system as being corrupt

Let us see, in 2003, Bernanke wanted to artificially boost the economy in preparation for the Bush re-election in late 2004 and his own future appointment. He had read articles by some self-serving economists in 2002, if it hadn't occurred to him, that low interest rates could boost housing and that may lead the economy out of the recession (it was already out of the recession, but didn't feel like a recovery with the employment falling). So, during the first half of 2003, Bernanke, as a Fed Governor, started to publicly talk about the deflation threat and how the Fed can always stop that by "printing money." Thus, the Fed, under Greenspan chairmanship back then, lowered the rates to "emergency" levels when the only real emergency was the Bush re-election. Greenspan was very happy to play along because his own reappointment in 2004 was contingent upon the economy visibly recovering.

>condos in sotosopa will be in higher demand

But people don't want to pay high property taxes + high HOA fees + out of pocket maintenance costs to live in a tiny, 50 year old, run down condo "in the city".

That's why they'd rather just rent or live with roommates. The same shit will hit condo associations, some of whom charge $500/month for fees, and will never decrease.

In 20 years, your innovation centers will be dead if you stop all immigration

You have to be practically retarded to not see all the massive research and entrepreneurship highly educated immigrants do in your country

The artificially low rates gave rise to artificial boost to the economy in the form of the predictable housing boom, but no one could have predicted the Housing Bubble and the overbuilding that ensued. As mentioned earlier, the global building boom, as well as the general rise in consumption due to the boom, also gave rise to the steep increases in the price of oil, which has led to the current problem of inflation. So, now the Fed has the excuse to force consumption down by altering the availability of Consumption Debt in the form of mortgage refinancing. Therefore, the Fed is actively engaged in leading to the Peak Debt that I am predicting. This is because curbing consumption is necessary to control inflation, especially, inflationary psychology, and it is not an accident that "inflation peaks during the first year of a recession," as announced by Ron Insana on CNBC. One way or another (by raising the rates further, if necessary, or holding rates high enough for long enough) Bernanke will have to bring the consumption down by indirectly affecting Consumption Debt. As in the past, at some point Consumption Debt in the US will peak (the debt service to income ratio having reached historical highs), most likely during the next recession, leading to the general condition of the Peak Debt for the current Longwave Cycle.

Country builds its wealth on capitalism, is surprised that capitalism shifts manufacturing overseas to chase wealth

All of you morons need a lesson in history, economics, and geography

>crash coming just in time for me to buy in

Fuck yea. Stupid normies selling their 2br 1bath house built in 1945 for $300,000 about to be BTFO

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>grindr, twatter, pornbook
what innovation?

.... in the last 2 decades we have seen unprecedented innovation unlike ever before. society has finally reached the futuristic future we were ((peddled))

'immigration' hinders tech growth.
there are technologies that exist today that would allow your gasoline powered vehicle to average over 100 mpg. Problem is, those technologies are owned by the Shell corporation and others and will never see the light of day. They've paid out billions to suppress tech that would completely disrupt their business models, regardless of the obvious benefits of next-to-free fuel for humanity.
the only innovations are those that serve the business model and those which they couldn't suppress.

fuck off turd worlder.

With great forethought, in 1999, Bernanke, an academic getting attention as the future Fed Governor, pre-empted any talk of Fed having to take any actions to nip in the bud any asset bubble by his public declaration that Fed should keep its hands off any asset bubbles, i.e., let the asset bubbles build as far as they go. Bernanke was just the man that Bush needed on the Fed for his re-election bid and was thus appointed just in time. (On a historical note, one of the three conditions that Grant had to agree to get the command of the Union Army was that Lincoln be re-elected; this was confirmed by another general who was offered the command on the same conditions, before Grant was offered, and who declined due to the conditions).

One consequence of the rise in Consumption Debt over an extended period, mostly pushed on the middle class, is rising ineqaility. This is one consequence that takes a very long time to correct. If you listen to people like Greenspan and Bernanke, who act as if they are "very concerned" about the problem of rising inequality, which they have contributed the most to!, you will hear lame excuses like education gap. What a crock. Is the education gap in the US much higher today than in 1973? Most importantly, the rich are NOT the most educated; it so happens that the most educated serve the richest, who happen to be lot less educated then them! BTW, Bush administration's solution to narrowing the inequality is, you guessed it, "No Child Should be Left Behind" program! I heard an administration official claim that, just a few days ago.

Go look up news articles relating to the housing market from Q1 of 2011. Learn to recognize what the bottom looks like.

A year or so after the tent cities starts popping up, and your local news stations are running frequent stories about 500 Shaniquas getting foreclosed on, is when you buy.

what innovation you retarded 3rd worlder?

Have we reached the end of the line, a sort of technological end of history because of turd world immigration?

Are turd world immigrants suppressing Real Technologies?

Once every last retailer migrates onto the Internet, will that be it? Is the developed world really developed, full stop? Again, it may be helpful to revisit previous conceptions of the future to see if there are any areas where VC might yet profitably invest.

The future envisioned from the perspective of the 1960s was hard to get to, but not impossible, and people were willing to entertain the idea. We now laugh at the Nucleon and Pan Am to the moon while applauding underpowered hybrid cars and Easyjet, and that’s sad. The future that people in the 1960s hoped to see is still the future we’re waiting for today, half a century later.. Instead of Captain Kirk and the USS Enterprise, we got the Grinder, Fuckbook, Jewtube and a Twatter.

What seemed futuristic then remains futuristic now

sources on articles?

This. I personally prefer to rent simply because jobs aren't really stable, and you usually have to switch jobs to make more money. Owning a home is burdensome if you need to move around, and they sit on the market too long to make selling them a viable option.

CEOs are always too far up their assess to see what's really going on

>prevent a return to home affordability.

What the fuck is wrong with these people.
They'd rather flood this place with more unskilled workers who will never buy their houses just to artificially prop up a bubble that will pop anyway.

Fucking let it pop these scumfucks really get on my nerves.

I don't know where you live. So you'll have to look up articles from your city, your state and the entirety of the US. Just draw up a simple graph while noting down the well known phase of an economic downturn; fear, capitulation, despair, return to the mean.

The media reports vary depending on location. And you buy when there is despair.

these asset bubbles are created by globalist neocohen neoliberal traitors

housing bubble 1 was created by flooding US with low interest cheap credit subprime loans, poos, beaners, and chinks

housing bubble 2 was created by flooding US with low interest cheap credit, Quantitative Easing, poos, beaners, and chinks

the U.S. economy has become deeply dependent on the housing bubble. The economic recovery since 2001 has been disappointing in many ways, but it wouldn't have happened at all without soaring spending on residential construction, plus a surge in consumer spending largely based on mortgage refinancing thru easy credit

the media is controlled by ((them))

Mr. Greenspan dismissed talk of a housing bubble: "While local economies may experience significant speculative price imbalances, a national severe price distortion seems most unlikely."

1. Housing bubble? What housing bubble? “A national severe price distortion [in housing] seems most unlikely in the United States.” (Alan Greenspan, October 2004)

2. “There’s a little froth in this market,” but “we don’t perceive that there is a national bubble.” (Alan Greenspan, May 2005)

3. Housing is slumping, but “despite what you hear from some of the Eeyores in the analytical community, a recession is not visible on the horizon.” (Richard Fisher, president of the Federal Reserve Bank of Dallas, August 2006)

Eh. I got no money anyway so it doesn't even matter

OH NO WE CANNOT JEW PEOPLE AS HARD FOR A HOUSE, WHATEVER SHALL WE DO?

Easy actually. (((They))) will reduce housing prices, but Jack interest rates up to 1970's levels..in talking 10-18%. That's After the trump era when we experience stagflation. These glory days will be short lived.

Good. I'm about to buy a house. I can fucking bleed people whose house has been on the market for months.

Just do it quickly with in the next year. Rates are going no where but up

For the past several decades it’s been the explicit policy of governments and central banks to use low interest rates and more recently direct purchases of stocks and bonds to push up the price of financial assets. The goal was to make holders of those assets feel rich and smart and therefore more inclined to borrow and spend on frivolous stuff that would boost GDP. This is called the wealth effect and it’s been firing on all cylinders in the age of QE and ZIRP. But all that borrowing – by individuals to buy houses (and SUVs and 70-inch flat-screens), corporations to buy back their stock – and buy out each other – at record high prices, and governments to build unnecessary roads and bridges and invade each other – has left a lot of debt lying around that has to be paid off with future cash flow.

Can't spell leeches. Expects to be taken seriously.

Pic related

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thats what (((they))) have been saying for the last 20 years.

their policy is to prop up a non-existent economy thru easy credit (QE, subprime, low interest)....

this has been the case ever since NAFTA and China entering the WTO.... also importing poojeets, chinks, and beaners to replace Whites

part of stealth White genocide

Yea I know. The trick is to live BELOW your means. Buy something that you can afford and do not over spend. You will be fine as long as you live very modestly and save cash along the way

You will find direct correlation between the increase in debt on the middle class, as percent of income, and the rise in inequality. And this correlation is a result of causation. This time, the banking Crooks have taken the problem to such a scale that the middle class in America will be decimated. America will become a nation full of bankrupt households most of whom were formerly middle class. It does not bode well for the stability of the whole political system. The current Peak Debt may well foreshadow the collapse of the American political system, as the world has known it since 1776. And that would be a long life for a political system. Circa 2020s: It was a good system for most of the time it lived. May it rest in peace.

Nothing will happen, maybe another big recession. But this financial system runs all global finance and it will never fully collapse unless there is a natural disaster like a meteor or Yellowstone

ya, but you will end up being the Last of the Mohicans as they proceed with stealth white genocide

>send industries/wealth to asia
>economy collapses every 5 years (planned by globalists)
>massive layoffs every 5 years
>import millions of shitskins to replace those natives layed off
>impoverished natives get health issues
>get bankrupt by medical bills
>go homeless
>get on chink heroin
>overdose
white genocide was never as easy as this

meanwhile trafficked poojeets/chinks are now the highest stolen income earners from the whites that perished under the globalist white genocide scheme

whites have been a global minority for a very long time, we are already among the last of our kind

The problem is it doesn't allow white, middle class people to have many kids with tuition and good k-12 schools/neighborhoods being the most important factor in buying a home.

That's definitely a huge factor. And homes are not meant to be sources of income ffs.

well, true. but if you consider white genocide as a result of this, then that is quite significant and the future US will become conflct zone with China and our enemies exploiting the demographic conflict.

Welcome to Rhodesia 3.0

>be bankers
>Inflate bubbles
>crash economy
>People get angry
>learn to spend less because clever
>Bankers don't like not spending money
>makes them obsolete and poor
>try for many years to open new markets in other countries
>Most other countries outside of the west are poorfags of hate Western nations
>Not enough success there
>massimport.exe
>Just bring the new consumers to the ready developed countries
>reinflate bubble
>Ignore problems

But it is in perähikillä and most millenials cant drive for same price reasons. If you live outside of Helsinki you need a car. Which means you need either rich parents to help you with car or an amazing job which most of us can't get.

globalists are purging natives from the job and trafficking shitskin diversity to get these bullshit jobs. the shtskins are being trafficked to remove/cleanse whites.

the entire US/Canadian/Australian labor force has effectively been purged of whites. we have a homeless/heroin/suicide epidemic thanks to these globalist neoliberal neocohen tricks

>need rich parents for a car

What the fuck, Finland?

We need the lightbulb heads to stimulate technological innovation.

When will the Dallas housing market crash?

when you purge all the poos, beaners, and locusts

Economic terrorists, Greenspan, Bush, Clinton, Soros, and the rest of the neocohen, neoliberal globalist gang created the Great Recession and the Great Replacement to induce White Genocide.

Since the 2000 recession, the sluggish economy tarnished Greenspan's reputation a little, but he was still treated with reverence upon his retirement.

Greenspan's neoliberal, globalist economic policy has resulted in the enormous shift in wealth from working goyim people to (((capital hoarders)). This growing inequality was something he presided over--and was, in fact, a spokesperson for.

One of the more recent examples of how was in the late 1990s, when the government was running surpluses. Greenspan testified to Congress that the budget surpluses the government was running were a threat to the stability of the system, and therefore, Bush's tax cuts, which favored the rich, should go through.

Then, when the tax cuts produced the enormous deficits of the last few years, instead of speaking out against his previous testimony, he came in saying that the budget had to be balanced by cutting social programs, in particular, Social Security and Medicare.

In the late 90s, when the Asian financial crisis was starting to sweep throughout the world, Greenspan delayed the US from going immediately into recession. Under his monetary policy, interest rates were cut drastically, and large amounts of money was pumped into the system, which stopped the crisis from hitting the U.S.

Greenspan's policy of pumping money into the system led to an enormous investment bubble in the stock market--money poured into Wall Street, inflating stock prices, in particular among high-tech companies.

The stock market bubble started deflating from its peak in early 2000. When the recession did take place shortly afterward, Greenspan then came up with another easy-money policy. He cut interest rates, eventually to 1 percent--which means they were effectively negative interest rates, since they were lower than the rate of inflation. This produced a huge bubble in housing prices that in turn has caused an imbalance throughout the world.

As a result of neoliberal policies, workers' wages are lower, and family income is down considerably after inflation. In Illinois, for example, household income dropped more than $20,000 between 1999 and 2014.

People have made up the decline in their living standards by borrowing against rising housing prices, through home equity loans and so on. They kept up consumer spending despite the decline in income, and this has caused an enormous trade deficit.

This is a direct result of the policies Greenspan initiated during the Asian crisis--of making the United States the importer of last resort. The trade deficit is now over trillions, and the United States is an enormous debtor, dependent on foreign capital.

Reading this, and seeing as how it is generational, it really puts a new spin on Hillary's "we will swing from nooses" quote. When Trump crashes the economy with no survivors because it was built on massive fraud amd debt for the last 25 years, the American people would stop at nothing to hang the entire establishment.

BUY MY HOUSE YOU FUCKING LITTLE SHITS

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Whatever happened to the Toronto housing crash that people on Jow Forums said was imminent like a year ago?

Everyone I know who owns a car was bought and maintained by their boomer parents. Lessons and yearly tax costs 3000-5000 euros, not to mention buying a car, crazy fuel cost and how expensive repairs cost here. If I ever even have €3,000 in my account I have to use it on moving home every year since no rental place is ever a few years in a row and deposits are ridiculous amounts of money (reasons to move are made up renovations to make people move out and up rent price), and life here is expensive as fuck. Owning a car will set you down a lower class level. Fucking sucks as I need one in my job.

They are going to try to pin the collapse on trump. Why do you think he was allowed to win? He is their scapegoat. Then it's full on socialism after the collapse

You would have to be an absolute retard to fall for that line.
qz.com/india/964843/less-than-5-of-india-engineers-are-cut-out-for-high-skill-programming-jobs/

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before free trade/globalization, middle class family could buy house in USA with 1 salary and lead normal life. Even in fucking commi Australia people could get housing for normal prices.

The only thinh globalism makes cheaper are useless basedboy dragon dildos.

When we gave them our industries, we gave them our hegemony and our future.

People don't understand NAFTA. It's like getting a credit card and buying a lot of shit. It feels like you're wealthy for a short while. I don't know exactly why, but I do know "there's no such thing as a free lunch".

US economic elites strengthened China by sending over 6 million jobs there between 2000 and 2010, with God knows how many more sent there since 2010.

consumerreports.org/cro/magazine/2013/02/made-in-america/index.htm

No country’s corporations have ever weakened their country to THAT degree, sending that many jobs to foreign shores on top of depriving their own country’s retirement fund of millions of contributors. Who needs spies when you have that?

Since the year 2000 wages remained flat but real estate prices and immigration went ballistic.
invaders lower the wages while increasing costs of housing and public services

fuck these globalist traitors

Wow, what a great fucking solution

McMansions are degenerate, poor quality, and hideous. Pic is the typical pussy-whipped husband that buys one of these abominations.

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have you heard of chinks, poos, and assorted locusts? theres a few billion of them.

This pisses me off more than anything.
You have land inherited by a previous generation of Americans and instead of preserving it for another generation of Americans, hippy boomer leftist auctioned it off to foreigners for a quick buck.
Fucking despicable.

Rising home prices (caused by locusts) correlate with falling birth rates becuase they crowd out childcare financing. Birth rates fall when bubbles make it even more unaffordable to raise a child.

CULL THE CHINKS = Increase White birth rates

poos are gypsies, chinks are yellow jews

population ponzi scheme maybe, chinks/indians/subsaharan africans breed like crazy but have low numbers and once the economy contracts and property can't get propped up further by selling houses to any immigrant with cash/credit then immigration comes tumbling down, labor or liberal, it'll come down or powers like one nation/degrowth parties gain traction. The higher up politicians I've met are VERY aware of the rapid rise of outlier parties; if you think half the boardroom meetings in LNP/LAB aren't discussing how italy just upended their entire policial spectrum + other countries like sweden/germany/austria/denmark/greece aren't going the same you'd be a retard, they know if immigration keeps going they'll end up out of power. Especially once the economy contracts

> The Immigration and Naturalization Act of 1965, also known as the Hart-Celler Act, abolished an earlier quota system based on national origin and established a new immigration policy based on reuniting immigrant families

This is why you can’t afford a house
This is why you can’t find a decent job
This is why your education system is bankrupt
This is why your local government has no money
This is why you will be replaced by non-whites

the reason you even NEED a downpayment for a house?
globalists, yids, boomers, gooks, poos, beaners

I heard from one of my friends that richer pajeets often buy houses and then they invite all of their cousins from India to live with them and they end up with 8 poos sleeping in on room.

The locusts with money are buying houses to rent out to locusts with no money; all paid for by the natives tax dollars; who can't afford to pay the rent because he's competing with locusts who will sleep 6 to a room.

Poos are known to live in a 1 bedroom shared with 2-3 families to save $$$. How much did they help you?
I work with mortgages. Not uncommon to see 6 poos on a mortgage application each earning about 40k a year to buy that million dollar glorified cuckshed

It will never collapse.
Some of the first things Obama did after the 2008 crash were pressuring the Fed to lower interest rates to 0% and inviting the Chinese and Indians to buy up real estate.

The elites will just increase immigration levels if housing demand shows any signs of weakness.
Just face it: You will never own a house and you will be poor forever, but it's for the greater good.

Considering consumer debt is at all time highs, people need to hear this advice. Now Fuck off

the very term "housing market" is so fucking sinister. gambling with your fucking 4walls and your bed should be illegal it is peak jew imo

Do nothing, trust the plan, #QAnon #Trump2020

Los Angeles is already starting.

Meant this for

I doubt it will work to our benefit. Most likely some chinese or Jews will scoop up as much real estate as possible. Then turn around and charge us massive amounts to rent them out.

Let me guess. Dropped 5%. Next year it will climb 20% tho. Fml better to build a home than to buy one.

Not if you have to pay for lot clearing and finishing. Also installing well, and septic, pouring foundation..it's all expensive as fuck now. Better off buying a preexisting one

You realize it's being undone and that's why the housing market will crash right?
You are a fucking idiot if you think markets ever permanently stabilize. Exactly the type of fucking idiot bankers love to make high interest loans to.

heckd. Dave Ramsey really loves himself, but he's spot-on here. Get out of (((debt))).

Housing will not crash. People need places to live, and most of trumps net worth is in real estate

"Checkd"

Exactly. Dave Ramsey is the anti Jew. A white Christian self made male, who is teaching millions of people to stay out of debt and pay cash for whatever they buy. Loan free

>inviting the Chinese and Indians to buy up real estate.
The Chinese have just, in the last month or two, been barred by China from buying assets in America.

He made his money on buying low and selling high. I don't understand what the Presidents' assets have anything to do with this.
All market's fluctuate. You sound like someone who is invested into a house and is lying to themselves to make the coming crash easier on your own psyche.

>Jews will scoop up as much real estate as possible. Then turn around and charge us massive amounts to rent them out.
Yes, that's what they did in Germany when their economy tanked after WWI.
I whole-heartedly hope they do it here too.

Stop buying houses.stop taking mortgages, fuck boomers and real estate jews.

I'm in the process of buying a house right now and I want to choke my mortgage broker to death with my bare hands

>Finally buying my first home after almost ten years of living in an apartment
>Live in the midwest where everything is cheap and I don't need four roommates to live in a shoebox
>According to my background check I have a credit score of something along the lines of 738 because I'm always responsible with my bills, even during a short period where my office job was shut down I still paid my bills
>Got approved for up to $95,000 but the house I ended up deciding on was $75,000
>Beautiful three bedroom ranch with a fenced in yard, living room is the size of my apartment alone, on a corner lot with lots of yard
>In beautiful condition, nobody has lived in it for ten years, owner has been restoring it to give it to his son but because of a divorce the judge forced him to sell it because he and his wife couldn't agree on who got to keep it
>Talked him down to $69,000 (lol)
>Just got my home inspection report back and the house is apparently in near perfect condition, only needed one repair which was already finished within the week
>Every single week with my mortgage broker has been SOME BULLSHIT
>This week it's because he wants a written letter from my work asking why I don't work 40 hours despite being full time, because of summer slowdown I've only been getting 38-38.5 but this motherfucker wants to fight me over that hour and a half
>I make $15.25 an hour, my apartment is $580 a month, this house would be $420 including property taxes and interest
>My realtor crunched the numbers and if I had been paying what I pay now for how long I've been paying I would have paid it off
>This is the fifth time now he's been like "you're all set... BUT ONE MORE THING..."

This fucking cocksucker is going to drag it all the way out to the end of the closing date

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My point is that people who buy low, and their mortgage is below 1/4 of their take home pay will be fine. Crash or no crash. The people who get fucked are those who take out big loans on a thirty year mortgage and are paying half or more of their take home pay to a bank

no retard, (((they))) will import 1000 million more poos, chinks, beaners to prop up a deflating housing bubble. read the fuckin thread

Retard.

Yes, I'd much rather rent a tiny apartment with a landlord that will jack the rent 15-20% a year.

How will those fuckers afford tge boomers properties on more diminishing wages

Yes, much better than funding real estate economy and boomers, false flagging boomer, millenials don't buy houses.