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16

Housing crash has definitely begun.

submitted by Crackinjokes to USPolitics 2.8 yearsAug 7, 2022 21:23:51 ago (+16/-0)     (USPolitics)

I get Zillow alerts.

Now typical
$300,000 400,000.
"The price of this house has been reduced by $30,000"

Or $20,000

Not $5000 like last month.

Tonight

$300,000 the price of this house has been reduced by $50,000

.

I should add this is in the south outside of major metropolitan areas so its not like last time in 2008 which was primarily speculation driven by liar loans in southern California causing most of the collapse.



39 comments block

sort by: hot new top old low

[ - ] GeneralDisarray 6 points 2.8 yearsAug 7, 2022 22:47:38 ago (+6/-0)

The bubbles are much bigger and much more widespread!

Housing

Used cars

Luxuries

Stocks

Bonds

Currencies

Commodities

Food

Energy

Student loans

Credit cards

Land

This crash will absolutely destroy the middle class and everyone below that. Anyone with anything that still has value will be able to buy everything at firesale prices.

Women are starting to see that they are losing their ability to to monetize their asses too. They will be faced with no men with any money and no other marketable skills. Hoeflation is a bubble that will lead to hoemaggedon.

The strong independent women will have a hard wakeup call. Many will turn to hooking on the streets.

Feminism will die a sudden death and the women that aren't hoes will go full tradthot.

This will make the 1930's look like the good old days.

[ - ] Crackinjokes [op] 1 point 2.7 yearsAug 11, 2022 11:15:53 ago (+1/-0)

"Hoeflation is a bubble that will lead to hoemaggedon."

This is why I come here. Pure genius.

[ - ] Thatguy 5 points 2.8 yearsAug 7, 2022 21:31:11 ago (+5/-0)

I remember 2008, houses were foreclosed in my neighborhood. I would walk my dog in the evening and tear down those signs on my neighbors houses. Banks would place foreclosure notices on my neighbors garages like billboards. I tore them down every day. Fuck the banks.

[ - ] 1Icemonkey 0 points 2.8 yearsAug 7, 2022 21:32:25 ago (+0/-0)

That’s all you did about it? I bought in the downturn.

[ - ] yesiknow 2 points 2.8 yearsAug 7, 2022 22:04:32 ago (+2/-0)

Yeah so did the fuckin jews and their co conspirators

The downturns are created by them for them. Their goal is to own 100% of properties and they're on their way.

[ - ] Thatguy 1 point 2.8 yearsAug 8, 2022 01:29:52 ago (+1/-0)

I didn’t lose my house. I pay a reasonable rate at a reasonable cost. No matter what happens I can make my payment. My only vulnerability is property tax. They could tax me out of my house. If they do that, they do it to everyone. That’s when I invoke my 2nd amendment.

[ - ] yesiknow -1 points 2.8 yearsAug 8, 2022 04:17:55 ago (+0/-1)

Do you think you're going to the only home owner in your region? They'll mow your fucking house down.

[ - ] Thatguy 1 point 2.8 yearsAug 7, 2022 21:34:51 ago (+1/-0)

I thought about that after the fact. I could have sold my house and bought all my neighbors houses. But I’m not an entrepreneur, I just work.

[ - ] Crackinjokes [op] 0 points 2.8 yearsAug 7, 2022 21:39:08 ago (+0/-0)

Renting your Houses has become such a legal problem these days.

Still can't get leverage and tax write offs anywhere else like you can I. Residential real estate but the liabilities and hurdles to be a landlord are so much more.

[ - ] PotatoWhisperer 0 points 2.8 yearsAug 8, 2022 06:45:47 ago (+0/-0)

It's why the thing to do is hire a management company with your company, even if it's just you and one house.

Another thing to do is to buy up a bunch of houses near each other, pick the nicest one and demolish the rest. Fence up what remains as your now much-larger home. Or sell them for cheap to your mates. Or hold for a good while until the next bubble and sell. Or, depending on the area, turn them into section ape, move across the country, and receive gov monies until they collapse.

[ - ] 1Icemonkey 0 points 2.8 yearsAug 8, 2022 10:28:38 ago (+0/-0)

I use a management company. I’m completely hands off.

[ - ] Crackinjokes [op] 0 points 2.7 yearsAug 11, 2022 11:17:12 ago (+0/-0)

What kind of margins? Management companies typical eat up profits in my experience.

[ - ] Not_C 2 points 2.8 yearsAug 8, 2022 01:56:52 ago (+2/-0)

Interest rates.

House prices are dropping because interest rates are climbing.

Also, houses were overpriced because people were overpaying in order to buy before interest rates went up. Now that there's no benefit to overpaying for a house, prices are dropping to reasonable levels. And then dropping more because interest rates are climbing.

[ - ] Leveraction 0 points 2.8 yearsAug 8, 2022 10:52:55 ago (+0/-0)

Correct

[ - ] Crackinjokes [op] 0 points 2.7 yearsAug 11, 2022 11:18:05 ago (+0/-0)

All true.

[ - ] Stonkmar 0 points 2.8 yearsAug 8, 2022 12:43:56 ago (+0/-0)

They may be dropping but they'll never go back down. Just plateau.

[ - ] goatfugee12 0 points 2.8 yearsAug 8, 2022 08:36:17 ago (+0/-0)

where I am no house sits for sale for more than a month. People are still offering over asking price at the moment.

[ - ] Crackinjokes [op] 0 points 2.7 yearsAug 11, 2022 11:19:12 ago (+0/-0)

Look at length of time to close after it's under contract and then back on markets then price drops. That's the sequence.

[ - ] Hh 0 points 2.8 yearsAug 8, 2022 07:20:52 ago (+0/-0)

Oh yeah. I'm seeing a lot of price drops and back on the market

[ - ] deleted 0 points 2.8 yearsAug 8, 2022 02:57:33 ago (+0/-0)

deleted

[ - ] NeonGreen 0 points 2.8 yearsAug 8, 2022 05:02:55 ago (+0/-0)

Well, you make all the MLS data open source then.

[ - ] deleted -1 points 2.8 yearsAug 8, 2022 06:08:13 ago (+0/-1)

deleted

[ - ] Crackinjokes [op] 0 points 2.7 yearsAug 11, 2022 11:20:14 ago (+0/-0)

I ahve cross checked against MLS. Closings and asking prices are the same.

You can list your house through Zillow now.

Keep up.

[ - ] Temp20210918c 0 points 2.8 yearsAug 8, 2022 00:28:31 ago (+0/-0)

The fed is raising interest rates so it's harder for would-be home-buyers to get a loan they're comfortable paying down. Inflation-adjusted housing prices are still above the 2008 max and will be until we can get some construction done. Also, the jews need to stay away from the printing presses in order for inflation/prices to stabilize. Maybe demand could be lowered by deporting illegals, etc. I won't hold my breathe, though.

[ - ] Version6 0 points 2.8 yearsAug 7, 2022 23:34:18 ago (+0/-0)

Tons of people waiting for first quarter next year to scoop up properties on the cheap.

[ - ] Leveraction 0 points 2.8 yearsAug 8, 2022 10:54:06 ago (+0/-0)

Blackrock can't wait.

[ - ] Crackinjokes [op] 0 points 2.8 yearsAug 7, 2022 21:45:22 ago (+0/-0)

In southern California is took 10 years until 2018 for houses to reach the peak price they had been at in 2008.

[ - ] diggernicks 0 points 2.8 yearsAug 7, 2022 22:08:49 ago (+0/-0)

You should off yourself if you live in califailia

[ - ] 1Icemonkey 0 points 2.8 yearsAug 7, 2022 21:31:29 ago (+1/-1)

Won’t be like last time. Demand is high compared to the market availability in 2008-9. Not the same. Too bad though, because I did well last time it went south.

[ - ] Crackinjokes [op] 1 point 2.8 yearsAug 7, 2022 21:41:11 ago (+1/-0)

Problem is banks won't write loans like they did last time and in a declining market it's hard to close a deal as a purchaser unless you pay all cash and very few people can actually do that.

[ - ] Leveraction 0 points 2.8 yearsAug 8, 2022 10:56:21 ago (+0/-0)

Of course banks will be happy write up loans as long as you have the right skin color and/or a wooman.

[ - ] Spaceman84 0 points 2.8 yearsAug 7, 2022 21:41:52 ago (+0/-0)

It will be like last time but worse. I delivered materials to entire neighborhoods being sold to niggers starting at $300k.

[ - ] diggernicks 0 points 2.8 yearsAug 7, 2022 21:44:31 ago (+0/-0)

What sort of liberal third world hell hole you live in nigger?

[ - ] Spaceman84 1 point 2.8 yearsAug 7, 2022 22:09:56 ago (+1/-0)

Not doxxing myself. There are whole newly constructed developments that are populated exclusively by niggers at $300k per unit. Same as the last bubble but bigger. It will bring down banks if Blackrock and others can't buy up all of the foreclosures.

[ - ] Leveraction 0 points 2.8 yearsAug 8, 2022 11:00:27 ago (+0/-0)

It will bring down banks when niggers don't fucking pay their mortgages, JUST LIKE LAST TIME! And ya know who pays all those defaulted mortgages,.YOU do. Get it?

[ - ] Leveraction 0 points 2.8 yearsAug 8, 2022 10:58:11 ago (+0/-0)

Yep. Banks are REQUIRED to make write a certain number of loans to niggers no matter how shitty their credit scores are.

[ - ] RMGoetbbels -1 points 2.8 yearsAug 8, 2022 04:36:56 ago (+0/-1)

I hope so. Fuck these people. Maybe they'll learn this time?