Real Estate Crash thread

[abraham]

The sharing economy. Whatever makes you parasites sleep well at night. Going after starter homes and bending millenials (the most likely 1st home buyers) over the white picket fence.

The younger generations wern't ready to burn it all down, but reading snippets like this and seeing where the market is going makes me think that the only way things will change for the better will be realized from the ashes of the old system.

It's just like Uber but for living!

[dan_pdx]

All those people looking for a house found one? Gave up? Can’t afford it anymore?

Yeah, still looking but with tempered expectations - maybe we just won't find anything, and if so, we'll live with it.

[Mazderati]

I'm tired of hearing about decreased acceleration in home prices like it's some big reversal. 20 to 10% YOY appreciation is still increasing home prices and an even tighter market. Bring the pain.

[puma]

Yeah, still looking but with tempered expectations - maybe we just won't find anything, and if so, we'll live with it.

You still targeting Bellingham? Either way, best of luck in your search.

[Supermoon]

I'm tired of hearing about decreased acceleration in home prices like it's some big reversal. 20 to 10% YOY appreciation is still increasing home prices and an even tighter market. Bring the pain.

Yeah the headline sure tries to milk every bit out of that quote that’s like, “yeah, it’s just going to be a hot market, not a ridiculous market”

[dan_pdx]

You still targeting Bellingham? Either way, best of luck in your search.

Yeah, we added Spokane to the mix too, we'll buy wherever we find something we like that we can afford. Bellingham has a ton to offer in terms of access to outdoor activities and access to the Seattle job market, but it's super-competitive: we've lost multiple houses to all-cash offers. Spokane is way more achievable for us, but haven't seen anything that appealing since we've been seriously looking there.

[mud]

Millennials not buying homes is a myth.
https://sf.freddiemac.com/content/_a...nd-housing.pdf

[summit]

The sharing economy. Whatever makes you parasites sleep well at night. Going after starter homes and bending millenials (the most likely 1st home buyers) over the white picket fence.

The younger generations wern't ready to burn it all down, but reading snippets like this and seeing where the market is going makes me think that the only way things will change for the better will be realized from the ashes of the old system.

You are not wrong.

I don't know what regulatory mechanism can correct this.

The ultra-have's seem to be fucking blind to the oldest cycle in history: too much disparity = revolution. But these sociopaths are convincing themselves their greed is actually a good thing for the people they are fucking over by means of power and wealth disparity in a way that makes it very permanent in a very very sensitive and important way: housing.

Moderation is the key to social stability. Revolutions suck ass for everyone involved, unless you are a psychopath. Well, psychopaths love to start the revolutions by killing the unpopular sociopaths... and then they keep killing.

Undermine the hope of the American Dream at your own peril (and everyone else's)

[yeahman]

Really, the housing stock in this country should be considered part of the public trust. Investing in it for profit by corporations should be regulated out of existence.

[dunfree]

Really, the housing stock in this country should be considered part of the public trust. Investing in it for profit by corporations should be regulated out of existence.

theres plenty of housing, just not where people want to live

[yeahman]

theres plenty of housing, just not where people want to live

Where is there an oversupply? I assume prices are way down there.

[sirbumpsalot]

Really, the housing stock in this country should be considered part of the public trust. Investing in it for profit by corporations should be regulated out of existence.

And when the government housing public servant decides that your home will be in unit 81c in a 5000 unit housing block in Bowling Green Kentucky....will you be upset that its not in Aspen or Breck?

[Benny Profane]

RE going to fall off a cliff and this thread will follow with it.

https://www.marketwatch.com/story/th...?siteid=yhoof2



Probably not good news for people looking to jump into this market. More probable that the big buy to rent companies will swoop in with all cash offers and add to the portfolio. Where you can rent the American dream instead of owning it.

https://www.cbsnews.com/news/rising-...es-2022-03-20/

Wow, Cash ready. I was waiting for this Spring, and I tell you, I really can see a cool down. At least stalled prices. But, not yet. Let them squirm.

[concretejungle]

Spokane is way more achievable for us, but haven't seen anything that appealing since we've been seriously looking there.

There's a reason for that.

[yeahman]

And when the government housing public servant decides that your home will be in unit 81c in a 5000 unit housing block in Bowling Green Kentucky....will you be upset that its not in Aspen or Breck?

What we're seeing now is a relatively recent phenomenon that is hurting the country. Apparently you have not been paying much attention?

[Kinnikinnick]

Little trip to LA.

Look at this bargain $1.7m for 1800sf!!
Thats only $8200/month

https://www.zillow.com/homedetails/2...ource=txtshare



Sent from my iPhone using TGR Forums

[dunfree]

Where is there an oversupply? I assume prices are way down there.

don’t you occasionally claim to come from the Midwest? Or is that just a pearl to clutch? Outstate Midwest is dieing. Prices are down.

[Shredhead]

Nobody wants to live in Flint.

But nice lakefront homes are still selling at a premium.

[eleeskiing]

Really, the housing stock in this country should be considered part of the public trust. Investing in it for profit by corporations should be regulated out of existence.

And yet the exact opposite has happened. In a few years there will be fewer and fewer landlords and more and more Landlord Conglomerates.

[mcphee]

Tell all your coworkers, aqauintences, relatives, people you don’t like, etc….the ones that don’t even use the outdoors where they live….to embrace their own mediocrity and move to the Midwest where they can finally get a leg up and own a home. if enough people start realizing this, the playing field will start to level. Just saying.

[eleeskiing]

Tell all your coworkers, aqauintences, relatives, people you don’t like, etc….the ones that don’t even use the outdoors where they live….to embrace their own mediocrity and move to the Midwest where they can finally get a leg up and own a home. if enough people start realizing this, the playing field will start to level. Just saying.

What a coincidence, I happen to be doing a branding project for the Indiana Board of Tourism and the slogan they landed on was: “Indiana: Embrace Your Mediocrity”.

[Percy Rideout]

You are not wrong.

I don't know what regulatory mechanism can correct this.

The ultra-have's seem to be fucking blind to the oldest cycle in history: too much disparity = revolution. But these sociopaths are convincing themselves their greed is actually a good thing for the people they are fucking over by means of power and wealth disparity in a way that makes it very permanent in a very very sensitive and important way: housing.

Moderation is the key to social stability. Revolutions suck ass for everyone involved, unless you are a psychopath. Well, psychopaths love to start the revolutions by killing the unpopular sociopaths... and then they keep killing.

Undermine the hope of the American Dream at your own peril (and everyone else's)

The undermining of the American dream can trace its roots back to the 1970's with wage stagnation.

I'm not here to incite a revolution, but rather point out that if current trends continue, we aren't that far away from one.

[Bunion 2020]

When I lived in Indiana Pre-1983 they had a slogan on the license plates that declared Wander Indiana. Their slogans haven't improved.

[Pinned]

Little trip to LA.

Look at this bargain $1.7m for 1800sf!!
Thats only $8200/month

https://www.zillow.com/homedetails/2...ource=txtshare

Mid-$1m range for a small home in a "cool" neighborhood in LA has been the status quo for a few years now. A yard that size is a bonus in most of the city and an ADU that's already permitted is gold. That neighborhood has also very rapidly become cool. I don't think they'll get asking for that, but it's a better value than just about anything listed in Venice at the moment.

[Benny Profane]

Jezuz. People move to jobs. There are a shitload less jobs in the midwest than there were thirty years ago. That's why RE is cheap. Not everyone is like the TGR elite and can work from the back of any Starbucks.