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Housing market is in the beginning of an epic crash 💥

Started noticing houses having multiple reductions in listin...
Greedy Cowardly French Chef
  05/19/22
They didn't win. They will be paying double the interest on...
amethyst frisky office
  05/19/22
We are paying in cash up front
Kink-friendly area
  05/19/22
Are u going to be a slumlord?
Trip flatulent set
  05/19/22
If we buy a house we will turn my condo into an airbnb
Kink-friendly area
  05/19/22
dont get too excited, those reductions are on a 40% over val...
puce half-breed
  05/20/22
...
Obsidian Provocative Hunting Ground Theater Stage
  05/19/22
??? My asshole neighbor bought house for $600k in 2015 and j...
Vivacious Business Firm Alpha
  05/19/22
He barely got it done. There is a delay; buyer prob locked i...
Greedy Cowardly French Chef
  05/19/22
Is mortgage lender / refi shop a bad business to be in right...
Vivacious Business Firm Alpha
  05/19/22
Of course, it's a volume business, people are going to cling...
Multi-colored voyeur stead
  05/20/22
what do you do after that? if you're leaving the area for...
Well-lubricated boiling water locus
  05/19/22
And the $1.4m might "crash" to $1.2m but at the en...
plum dog poop
  05/19/22
Interest rates are way too high. Saw a few sellers trying to...
Greedy Cowardly French Chef
  05/19/22
Next door neighbor listed at $525 and sold at $610 with 30 o...
harsh mind-boggling station
  05/19/22
That seems to be the last viable tactic. List way under and ...
Greedy Cowardly French Chef
  05/19/22
But there were 30 bids. OP is overblown.
harsh mind-boggling station
  05/19/22
houses in that range are still selling very quickly. Even ho...
bright range queen of the night
  05/19/22
It’s a nice but middle of the road suburb in flyover. ...
harsh mind-boggling station
  05/19/22
lol. homes over $1m still going strong. people are still usi...
Frum tanning salon police squad
  05/19/22
Op seems to be ignoring that rich chinese mofos will always ...
Vivacious Business Firm Alpha
  05/19/22
please. Okay, homes aren't appreciating at 25% YOY but still...
ivory rehab depressive
  05/19/22
So they're appreciating at the inflation rate. They're ther...
At-the-ready splenetic foreskin
  05/19/22
Much better to invest money in stocks and lose 30% cash valu...
amethyst frisky office
  05/19/22
Eh, tell me why I care about appreciation being “only&...
Thriller School Cafeteria Toilet Seat
  05/22/22
You’re delusional. Asset prices are down 20% across th...
nighttime exciting corn cake
  05/19/22
Not seeing it.
pearl library
  05/19/22
The median price of an existing home sold in April was $391,...
Exhilarant Tripping Point
  05/19/22
april sales based on 2.5% rates locked in in feb. wait two m...
shivering rusted resort halford
  05/19/22
as long as the rates don't go above 7%, smart millennials wi...
Exhilarant Tripping Point
  05/19/22
lol @ smart and millennials in the same sentence
shivering rusted resort halford
  05/19/22
2.5% rates were gone by February.
amethyst frisky office
  05/19/22
not true. i locked in at 2.25% on feb 10th. deal fell though...
shivering rusted resort halford
  05/19/22
...
Cracking sticky fanboi philosopher-king
  05/19/22
Good. Can’t wait for dem lower property taxes.
180 sienna lodge
  05/19/22
Open borders + foreign cash buyers + BlackRock and inves...
Saffron lay electric furnace
  05/19/22
...
Naked forum mental disorder
  05/19/22
...
puce half-breed
  05/20/22
I was wondering how people could afford homes when interest ...
adulterous laughsome whorehouse candlestick maker
  05/19/22
I've noticed practically zero weakness in the real estate ma...
pale indian lodge elastic band
  05/19/22
where?
histrionic knife
  05/19/22
Still selling for over asking in our area but it's taking a ...
Diverse stubborn site
  05/19/22
https://www.wsj.com/articles/more-subprime-borrowers-are-mis...
disgusting den
  05/19/22
...
Obsidian Provocative Hunting Ground Theater Stage
  05/19/22
Who's still handing out subprime mortgages? Lmao
sadistic judgmental menage newt
  05/19/22
Banks who don't get ass fucked by regulators for being racis...
Arousing corner doctorate
  05/22/22
This is not about housing. "Consumers with low credi...
plum dog poop
  05/19/22
exactly. this caused a crash last time because too many subp...
Mint scourge upon the earth
  05/19/22
biggest sign of the peak are all the proles on https://www.r...
hyperventilating step-uncle's house therapy
  05/19/22
why are redditors so poor?
Odious famous landscape painting
  05/19/22
they are SO poor
nofapping athletic conference
  05/19/22
...
soul-stirring crystalline ratface trust fund
  05/19/22
...
Mint scourge upon the earth
  05/19/22
Housing will be fine. You misspelled stock market.
Adventurous church building main people
  05/19/22
Oh no, now I won’t be able to live in my SFH for a mon...
Indigo Antidepressant Drug
  05/19/22
And job losses + the fed selling their MBS hasn’t even...
Cracking sticky fanboi philosopher-king
  05/19/22
To the extent there are still brisk sales, that is for the l...
Greedy Cowardly French Chef
  05/19/22
He says hopefully. The fact that a huge portion of people p...
plum dog poop
  05/19/22
Dems helpfully support mainstream adoption of 40 year mortga...
spectacular violet house dingle berry
  05/19/22
Very kind of them.
plum dog poop
  05/19/22
...
harsh mind-boggling station
  05/19/22
outside of America, home ownership is the exception rather t...
Exhilarant Tripping Point
  05/19/22
Kids live at their parents’ house in the US as well. ...
spectacular violet house dingle berry
  05/19/22
They’ll point to japans 100 year mortgage and tell you...
Brass bbw
  05/20/22
...
histrionic knife
  05/22/22
It's over
Peach Nursing Home Nowag
  05/19/22
which market are you talking about? re is hyper local
Charismatic Hospital
  05/19/22
Yep. But also hard to avoid larger economic fundamentals...
stirring digit ratio
  05/19/22
Dow reference was solid prole tell.
spectacular violet house dingle berry
  05/19/22
Even in my market, with an average sales price of $2.5M, man...
stirring digit ratio
  05/19/22
Maybe at high end. Most people buying <$1m houses are not...
spectacular violet house dingle berry
  05/19/22
Yeah, it's all just regular proles saving their nickels unti...
Indigo Antidepressant Drug
  05/20/22
larger economic fundamentals are always a relevant input, bu...
Charismatic Hospital
  05/19/22
It’s over!!!!
Greedy Cowardly French Chef
  05/19/22
(MAF nohousemo wishful thinking)
Lemon titillating location
  05/20/22
Harsh but fair
Greedy Cowardly French Chef
  05/20/22
there’s a lot more working against a crash than for it...
big maniacal pit
  05/20/22
If you own a home today and are moving and make a topping bi...
Insanely creepy church
  05/20/22
I live in an area on the west coast where, just 4 months ago...
Cracking sticky fanboi philosopher-king
  05/21/22
OP just wanted to let you know that my House went up in valu...
pearl library
  05/22/22
The websites are doing that for web traffic. It’s all ...
Greedy Cowardly French Chef
  05/22/22
👌
pearl library
  05/22/22
I sure hope so. I want it to burn down hard af.
know-it-all gas station
  05/22/22
Lots of posts about buyers backing out on r/RealEstate: h...
Cracking sticky fanboi philosopher-king
  05/22/22
good post -- seems like it's softening
Charismatic Hospital
  05/22/22
...
Greedy Cowardly French Chef
  07/21/22
new thoughts?
Obsidian Provocative Hunting Ground Theater Stage
  07/21/22
i'm anecdotally seeing more and more price cuts and more and...
shivering rusted resort halford
  07/21/22
The feeding frenzy is definitely over. Problem is there is s...
Greedy Cowardly French Chef
  07/21/22
I kind of agree with this for my market. Inventory is defini...
domesticated walnut idea he suggested
  07/21/22
the u.s. housing market will never go down, let alone crash....
balding slate casino
  07/21/22
Whoa cr. Explain tho
pearl library
  07/21/22
...
Greedy Cowardly French Chef
  10/25/22
i'm seeing a ton of price reductions in my once radioactivel...
maroon sinister sanctuary
  10/25/22
17% of listings in Boise, ID have had price reductions in th...
demanding native
  10/25/22
...
Greedy Cowardly French Chef
  05/04/23
Replace "Housing" with "Crypto" and OP w...
Salmon appetizing stage wrinkle
  05/04/23
Wow totally crashing! https://www.cnbc.com/amp/2023/06/27...
Disturbing outnumbered boltzmann
  06/27/23
MODS! That's ImanageCat's house.
Arousing corner doctorate
  08/03/23
nohousemos are FUCKED
glittery glassy hissy fit
  06/27/23
OMG, can’t believe how much it has crashed!!! https...
Disturbing outnumbered boltzmann
  08/03/23
Is that supposed to mean something?
Vibrant institution mood
  08/03/23
She posts weird shit like that
Obsidian Provocative Hunting Ground Theater Stage
  08/03/23


Poast new message in this thread



Reply Favorite

Date: May 19th, 2022 11:02 AM
Author: Greedy Cowardly French Chef

Started noticing houses having multiple reductions in listing prices. Staying on market for weeks. Sellers are fucked. They missed the boat. To the XO pumos who were waiting the market out. Congrats you won.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44537991)



Reply Favorite

Date: May 19th, 2022 11:31 AM
Author: amethyst frisky office

They didn't win. They will be paying double the interest on mortgage payments, which overrides savings on the purchase price.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538130)



Reply Favorite

Date: May 19th, 2022 11:43 AM
Author: Kink-friendly area

We are paying in cash up front

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538195)



Reply Favorite

Date: May 19th, 2022 2:48 PM
Author: Trip flatulent set

Are u going to be a slumlord?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539366)



Reply Favorite

Date: May 19th, 2022 6:00 PM
Author: Kink-friendly area

If we buy a house we will turn my condo into an airbnb

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540453)



Reply Favorite

Date: May 20th, 2022 10:46 AM
Author: puce half-breed

dont get too excited, those reductions are on a 40% over valued amount

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44543638)



Reply Favorite

Date: May 19th, 2022 11:02 AM
Author: Obsidian Provocative Hunting Ground Theater Stage



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44537992)



Reply Favorite

Date: May 19th, 2022 11:03 AM
Author: Vivacious Business Firm Alpha

??? My asshole neighbor bought house for $600k in 2015 and just sold it for $1.4 million

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44537996)



Reply Favorite

Date: May 19th, 2022 11:05 AM
Author: Greedy Cowardly French Chef

He barely got it done. There is a delay; buyer prob locked in mortgage rate in March when market was still hot. It’s over now

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538007)



Reply Favorite

Date: May 19th, 2022 11:10 AM
Author: Vivacious Business Firm Alpha

Is mortgage lender / refi shop a bad business to be in right now?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538029)



Reply Favorite

Date: May 20th, 2022 9:19 AM
Author: Multi-colored voyeur stead

Of course, it's a volume business, people are going to cling to their 2.5-3.5% mortgages forever now.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44543316)



Reply Favorite

Date: May 19th, 2022 11:27 AM
Author: Well-lubricated boiling water locus

what do you do after that?

if you're leaving the area for a cheaper one, the answer is straightforward. but if you want a similar or nicer home in the same area, it's pretty hard to upgrade. your monthly payments could balloon significantly

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538117)



Reply Favorite

Date: May 19th, 2022 11:48 AM
Author: plum dog poop

And the $1.4m might "crash" to $1.2m but at the end of the day, it'll be expensive as shit.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538232)



Reply Favorite

Date: May 19th, 2022 11:04 AM
Author: Greedy Cowardly French Chef

Interest rates are way too high. Saw a few sellers trying to market shitty ranch houses for way too much. Getting no bites now. Would have sold in a day 3 months ago. They waited too long!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538000)



Reply Favorite

Date: May 19th, 2022 11:04 AM
Author: harsh mind-boggling station

Next door neighbor listed at $525 and sold at $610 with 30 offers in two days last weekend.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538001)



Reply Favorite

Date: May 19th, 2022 11:06 AM
Author: Greedy Cowardly French Chef

That seems to be the last viable tactic. List way under and see if you can confuse the buyer into making too large of a bid

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538011)



Reply Favorite

Date: May 19th, 2022 11:11 AM
Author: harsh mind-boggling station

But there were 30 bids. OP is overblown.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538032)



Reply Favorite

Date: May 19th, 2022 1:47 PM
Author: bright range queen of the night

houses in that range are still selling very quickly. Even houses in the nicer part of my neighborhood listed up to around $1.3M only stay on the market for around 2 weeks.

The houses that start approaching $2M or above and have like 6 beds seem to be languishing on the market.

I don't see the demand changing much for modest 3-4 bed houses.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539034)



Reply Favorite

Date: May 19th, 2022 2:53 PM
Author: harsh mind-boggling station

It’s a nice but middle of the road suburb in flyover. Hoping you’re right about sales in this price range bc we’re going to be selling later this year but aren’t ready to yet.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539387)



Reply Favorite

Date: May 19th, 2022 11:08 AM
Author: Frum tanning salon police squad

lol. homes over $1m still going strong. people are still using stock money to pay for homes as cash.

now if the stock dips another 20%+, then people will start to feel they are selling stocks on the cheap. right now plenty of people are willing to trade stocks at these high prices for something like real estate

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538019)



Reply Favorite

Date: May 19th, 2022 11:11 AM
Author: Vivacious Business Firm Alpha

Op seems to be ignoring that rich chinese mofos will always need a place to park their ill-gotten cash. PE firms too.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538035)



Reply Favorite

Date: May 19th, 2022 11:10 AM
Author: ivory rehab depressive

please. Okay, homes aren't appreciating at 25% YOY but still like 10-12%.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538026)



Reply Favorite

Date: May 19th, 2022 11:11 AM
Author: At-the-ready splenetic foreskin

So they're appreciating at the inflation rate. They're therefore not appreciating at all, the dollars the value is denominated in are just worth less.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538031)



Reply Favorite

Date: May 19th, 2022 11:33 AM
Author: amethyst frisky office

Much better to invest money in stocks and lose 30% cash value this year!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538135)



Reply Favorite

Date: May 22nd, 2022 9:36 AM
Author: Thriller School Cafeteria Toilet Seat

Eh, tell me why I care about appreciation being “only” 10% when my LTV is 80%?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44553150)



Reply Favorite

Date: May 19th, 2022 6:43 PM
Author: nighttime exciting corn cake

You’re delusional. Asset prices are down 20% across the board (except RE, yet). How do you think people finance purchases? What happens to demand when the prospective purchaser is 20% poorer?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540633)



Reply Favorite

Date: May 19th, 2022 11:11 AM
Author: pearl library

Not seeing it.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538034)



Reply Favorite

Date: May 19th, 2022 11:15 AM
Author: Exhilarant Tripping Point

The median price of an existing home sold in April was $391,200, the highest on record and an increase of 14.8% from a year ago.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538052)



Reply Favorite

Date: May 19th, 2022 11:21 AM
Author: shivering rusted resort halford

april sales based on 2.5% rates locked in in feb. wait two months.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538085)



Reply Favorite

Date: May 19th, 2022 11:27 AM
Author: Exhilarant Tripping Point

as long as the rates don't go above 7%, smart millennials will be buyers, provided the govt keeps the mortgage interest tax deductions

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538118)



Reply Favorite

Date: May 19th, 2022 12:24 PM
Author: shivering rusted resort halford

lol @ smart and millennials in the same sentence

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538426)



Reply Favorite

Date: May 19th, 2022 11:33 AM
Author: amethyst frisky office

2.5% rates were gone by February.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538137)



Reply Favorite

Date: May 19th, 2022 12:25 PM
Author: shivering rusted resort halford

not true. i locked in at 2.25% on feb 10th. deal fell though, tho, fml.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538427)



Reply Favorite

Date: May 19th, 2022 1:44 PM
Author: Cracking sticky fanboi philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539017)



Reply Favorite

Date: May 19th, 2022 11:18 AM
Author: 180 sienna lodge

Good. Can’t wait for dem lower property taxes.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538070)



Reply Favorite

Date: May 19th, 2022 11:23 AM
Author: Saffron lay electric furnace

Open borders +

foreign cash buyers +

BlackRock and investors buying up SFHs +

NIMBY restrictions on building +

labor shortage in the trades +

proles overextending themselves thinking they may never get on the property ladder =

I don’t think it’s coming back anytime soon

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538095)



Reply Favorite

Date: May 19th, 2022 2:56 PM
Author: Naked forum mental disorder



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539401)



Reply Favorite

Date: May 20th, 2022 10:49 AM
Author: puce half-breed



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44543662)



Reply Favorite

Date: May 19th, 2022 11:26 AM
Author: adulterous laughsome whorehouse candlestick maker

I was wondering how people could afford homes when interest rates were under 3%, but now that they are over 5%, a lot of these people can't even qualify to be house poor. Our loan officers are struggling bigly. We are laying off people left and right. Doesn't look good.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538113)



Reply Favorite

Date: May 19th, 2022 11:28 AM
Author: pale indian lodge elastic band

I've noticed practically zero weakness in the real estate market in the San Fernando Valley.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538122)



Reply Favorite

Date: May 19th, 2022 11:34 AM
Author: histrionic knife

where?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538138)



Reply Favorite

Date: May 19th, 2022 11:34 AM
Author: Diverse stubborn site

Still selling for over asking in our area but it's taking a bit longer. They were going almost instantly.

I wonder if in a couple months the new starts will slow up making it a good chance to build (for a rental).

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538144)



Reply Favorite

Date: May 19th, 2022 11:35 AM
Author: disgusting den

https://www.wsj.com/articles/more-subprime-borrowers-are-missing-loan-payments-11652952602

we're in for a crash

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538147)



Reply Favorite

Date: May 19th, 2022 11:41 AM
Author: Obsidian Provocative Hunting Ground Theater Stage



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538186)



Reply Favorite

Date: May 19th, 2022 11:46 AM
Author: sadistic judgmental menage newt

Who's still handing out subprime mortgages? Lmao

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538211)



Reply Favorite

Date: May 22nd, 2022 9:13 AM
Author: Arousing corner doctorate

Banks who don't get ass fucked by regulators for being racist. Not ame.

#1 cause of the 2008 crisis was the fedgov forcing banks to make shortly loans to minorities.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44553101)



Reply Favorite

Date: May 19th, 2022 11:49 AM
Author: plum dog poop

This is not about housing.

"Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the U.S. is coming to an end."

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538237)



Reply Favorite

Date: May 19th, 2022 7:15 PM
Author: Mint scourge upon the earth

exactly. this caused a crash last time because too many subprime borrowers got mortgages. is that still the case?

when the economy dips subprime people (i.e. people with no money that lose their jobs) are going to stop paying loans because they no longer have the money to pay them. shocking.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540761)



Reply Favorite

Date: May 19th, 2022 11:45 AM
Author: hyperventilating step-uncle's house therapy

biggest sign of the peak are all the proles on https://www.reddit.com/r/FirstTimeHomeBuyer/

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538206)



Reply Favorite

Date: May 19th, 2022 12:04 PM
Author: Odious famous landscape painting

why are redditors so poor?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538310)



Reply Favorite

Date: May 19th, 2022 12:09 PM
Author: nofapping athletic conference

they are SO poor

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538337)



Reply Favorite

Date: May 19th, 2022 1:46 PM
Author: soul-stirring crystalline ratface trust fund



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539031)



Reply Favorite

Date: May 19th, 2022 7:15 PM
Author: Mint scourge upon the earth



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540762)



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Date: May 19th, 2022 12:10 PM
Author: Adventurous church building main people

Housing will be fine. You misspelled stock market.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538344)



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Date: May 19th, 2022 12:14 PM
Author: Indigo Antidepressant Drug

Oh no, now I won’t be able to live in my SFH for a monthly payment less than urban hellhole rent locked in for 30 years at an interest rate far below inflation with tax benefits. And the mark-to-market losses on Zillow will make me cry!

I wish I could be a gloomy contrarian who owns nothing instead!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44538358)



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Date: May 19th, 2022 1:42 PM
Author: Cracking sticky fanboi philosopher-king

And job losses + the fed selling their MBS hasn’t even started yet. Lol.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539008)



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Date: May 19th, 2022 2:43 PM
Author: Greedy Cowardly French Chef

To the extent there are still brisk sales, that is for the last couple fools who are buying right before the collapse. These morons had 2 years to buy. It’s over. You’ve been warned. Great collapse is coming!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539339)



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Date: May 19th, 2022 3:28 PM
Author: plum dog poop

He says hopefully. The fact that a huge portion of people predicting a housing crash are people desperate to buy a house is the exact reason there won't be a real crash.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539573)



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Date: May 19th, 2022 3:30 PM
Author: spectacular violet house dingle berry

Dems helpfully support mainstream adoption of 40 year mortgage to help needy young couples have a shot at the American dream

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539590)



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Date: May 19th, 2022 3:41 PM
Author: plum dog poop

Very kind of them.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44539644)



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Date: May 19th, 2022 6:54 PM
Author: harsh mind-boggling station



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540676)



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Date: May 19th, 2022 6:59 PM
Author: Exhilarant Tripping Point

outside of America, home ownership is the exception rather than the rule; in Europe, even well off children with jobs live with their parents; Americans are spoiled brats

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540694)



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Date: May 19th, 2022 7:07 PM
Author: spectacular violet house dingle berry

Kids live at their parents’ house in the US as well.

My point of course was that well intentioned dems still have a move to keep inflating home prices and further encumbering their constituents. It’s like what we do with student loans.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540733)



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Date: May 20th, 2022 9:26 AM
Author: Brass bbw

They’ll point to japans 100 year mortgage and tell you 40 is nbd

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44543341)



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Date: May 22nd, 2022 9:44 AM
Author: histrionic knife



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44553173)



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Date: May 19th, 2022 7:01 PM
Author: Peach Nursing Home Nowag

It's over

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540707)



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Date: May 19th, 2022 7:03 PM
Author: Charismatic Hospital

which market are you talking about? re is hyper local

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540718)



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Date: May 19th, 2022 7:06 PM
Author: stirring digit ratio

Yep.

But also hard to avoid larger economic fundamentals.

Higher rates + inflation + crashing dow/S&P means fewer dollars chasing after real estate. Even in expensive markets many people fund purchases with stock market gains.

We shall see!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540731)



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Date: May 19th, 2022 7:09 PM
Author: spectacular violet house dingle berry

Dow reference was solid prole tell.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540737)



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Date: May 19th, 2022 7:10 PM
Author: stirring digit ratio

Even in my market, with an average sales price of $2.5M, many fund RE by cashing out gains.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540747)



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Date: May 19th, 2022 7:13 PM
Author: spectacular violet house dingle berry

Maybe at high end. Most people buying <$1m houses are not funding with taxable brokerage accounts.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540758)



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Date: May 20th, 2022 12:01 AM
Author: Indigo Antidepressant Drug

Yeah, it's all just regular proles saving their nickels until they have $200k.

Everyone buying an adequate house in a good town (i.e. $600k+) without parental support is funding down payment and closing costs from stock/crypto gains. You could have bought literally any risk asset including imaginary fraud internet money, stock of bad companies in dying industries, and Pokemon cards at any point from 2009-2022 and made gains. Not everyone is a risk-averse retard stuffing their mattress.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44542361)



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Date: May 19th, 2022 7:13 PM
Author: Charismatic Hospital

larger economic fundamentals are always a relevant input, but they are not dispositive of price on a local market basis. agree with everything you're saying conceptually, but it doesn't help anyone decide whether they should buy in a given city or neighborhood or block rn

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44540754)



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Date: May 19th, 2022 11:55 PM
Author: Greedy Cowardly French Chef

It’s over!!!!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44542326)



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Date: May 20th, 2022 9:42 AM
Author: Lemon titillating location

(MAF nohousemo wishful thinking)

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44543373)



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Date: May 20th, 2022 10:20 AM
Author: Greedy Cowardly French Chef

Harsh but fair

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44543544)



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Date: May 20th, 2022 9:49 AM
Author: big maniacal pit

there’s a lot more working against a crash than for it

structural shortage of supply, massive equity in homes such that even people facing foreclosure are not in the red, continuing inflation, etc

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44543398)



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Date: May 20th, 2022 10:55 AM
Author: Insanely creepy church

If you own a home today and are moving and make a topping bid offer on a new home, then can move to sell your old house, aren't you asking for a lot of risk given the shaky ground?

You own two homes at the top of the market have have to sell one

If you already sold, then you are sitting pretty and maybe indifferent--that group could be the last gasp buyers out there.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44543692)



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Date: May 21st, 2022 4:33 PM
Author: Cracking sticky fanboi philosopher-king

I live in an area on the west coast where, just 4 months ago, sellers were getting dozens of offers and houses were consistently selling for $200k over asking.

Now I’m watching several listings around me that have price reductions. In one case, they’ve made two significant price reductions in the last three weeks. And we’re just getting started 😎

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44550542)



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Date: May 22nd, 2022 9:06 AM
Author: pearl library

OP just wanted to let you know that my House went up in value again today. 💸

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44553096)



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Date: May 22nd, 2022 9:41 AM
Author: Greedy Cowardly French Chef

The websites are doing that for web traffic. It’s all illusory

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44553162)



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Date: May 22nd, 2022 9:45 AM
Author: pearl library

👌

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44553178)



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Date: May 22nd, 2022 9:54 AM
Author: know-it-all gas station

I sure hope so. I want it to burn down hard af.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44553202)



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Date: May 22nd, 2022 1:26 PM
Author: Cracking sticky fanboi philosopher-king

Lots of posts about buyers backing out on r/RealEstate:

https://www.reddit.com/r/RealEstate/comments/uv0rcc/house_buyer_is_having_buyers_remorse_because_of

https://www.reddit.com/r/RealEstate/comments/uss4bl/buyer_backing_out_8_days_before_closing

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44554006)



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Date: May 22nd, 2022 1:27 PM
Author: Charismatic Hospital

good post -- seems like it's softening

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44554017)



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Date: July 21st, 2022 1:29 PM
Author: Greedy Cowardly French Chef



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44888643)



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Date: July 21st, 2022 1:30 PM
Author: Obsidian Provocative Hunting Ground Theater Stage

new thoughts?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44888649)



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Date: July 21st, 2022 1:31 PM
Author: shivering rusted resort halford

i'm anecdotally seeing more and more price cuts and more and more shit sit on the market longer

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44888656)



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Date: July 21st, 2022 1:32 PM
Author: Greedy Cowardly French Chef

The feeding frenzy is definitely over. Problem is there is still plenty of buyers (2-3 offers versus 50-60). So homes are still selling. Middle class is done. Feels like there is maybe another 3 months through summer of an ability to sell at list and then a huge crash.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44888667)



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Date: July 21st, 2022 1:37 PM
Author: domesticated walnut idea he suggested

I kind of agree with this for my market. Inventory is definitely increasing. Not sure about offers. My sense is that a lot of sellers are eager to get out of their houses now and buyers are more cautious.

At this point the market isn’t just people looking for a single family home. It’s a lot of players with money that are looking for non-primary residence single family homes who can jump in and out whenever they want.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44888698)



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Date: July 21st, 2022 1:31 PM
Author: balding slate casino

the u.s. housing market will never go down, let alone crash. never. take that to the bank

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44888659)



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Date: July 21st, 2022 1:39 PM
Author: pearl library

Whoa cr. Explain tho

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#44888722)



Reply Favorite

Date: October 25th, 2022 9:41 AM
Author: Greedy Cowardly French Chef



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#45386128)



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Date: October 25th, 2022 9:45 AM
Author: maroon sinister sanctuary

i'm seeing a ton of price reductions in my once radioactively hot local market. nothing significant, but it's a good sign.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#45386148)



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Date: October 25th, 2022 9:52 AM
Author: demanding native

17% of listings in Boise, ID have had price reductions in the last week. 15.5% in Austin. Compare that to a more stable housing market (Chicago), where only 9% of homes have seen a reduction in asking price in the last week. The ship is turning, but it will take a while for significant price drops to happen. Come back next year for an update.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#45386172)



Reply Favorite

Date: May 4th, 2023 3:06 PM
Author: Greedy Cowardly French Chef



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#46270260)



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Date: May 4th, 2023 3:07 PM
Author: Salmon appetizing stage wrinkle

Replace "Housing" with "Crypto" and OP was spot on!!!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#46270264)



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Date: June 27th, 2023 11:28 AM
Author: Disturbing outnumbered boltzmann

Wow totally crashing!

https://www.cnbc.com/amp/2023/06/27/home-prices-rose-for-third-straight-month-in-april-sp-case-shiller.html

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#46479253)



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Date: August 3rd, 2023 10:20 PM
Author: Arousing corner doctorate

MODS!

That's ImanageCat's house.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#46627566)



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Date: June 27th, 2023 11:29 AM
Author: glittery glassy hissy fit

nohousemos are FUCKED

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#46479256)



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Date: August 3rd, 2023 10:19 PM
Author: Disturbing outnumbered boltzmann

OMG, can’t believe how much it has crashed!!!

https://redf.in/IpKgJA

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#46627561)



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Date: August 3rd, 2023 10:34 PM
Author: Vibrant institution mood

Is that supposed to mean something?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#46627602)



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Date: August 3rd, 2023 10:48 PM
Author: Obsidian Provocative Hunting Ground Theater Stage

She posts weird shit like that

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2#46627641)