HOUSE PRICES COLLAPSING

>>132512847
Any news of Vancouver, bro?

If it falls shit is gonna go down.

But I've seen enough false positives to be excited now

>>132512847
In America the house prices are going up. They go up like like 2% every week. It's going to be impossible to buy a house soon.

>>132512847
Good.

They're like 30% too expensive here

>>132512847
You all know what happend in Germany when their economy collapsed in the 20s, so bring it on!

>>132512847

Meanwhile in California...

>>132512847
>http://archive.is/O8n7Y
well the whole fiat currency scheme is tied to price of real estate ... if prices fall, tax revenue for municipalities falls.... thats why assessed values are always high
if real estate starts to drop banks have to liquidate assets as bankrupties increase, causing
potential for full market collapse

part of me hopes it happens because this system has to burn
part of me doesnt cause i have alot invested in my house
maybe its time to sell before prices fall too much

why is this bad

maybe my generation can finally stop renting cuckpartments

>>132513334

It will crash, again.

If you have money, don't buy now, unless you're trying to flip something quick and you're buying it in cash.

save us crashy-chan

>>132513922
it isn't

>>132514036
I-is there an artistic rendoring?

>>132512847
>HOUSE PRICES COLLAPSING
GOOD!
NOW PEOPLE MIGHT BE ABLE TO AFFORD SOMETHING DECENT FOR A GOOD PRICE

>>132512847
Isn't Toronto the place in Canada that's so overpriced that like a crackhouse costs half a million USD? Sounds like prices need to drop by 90% there.

>>132514256

yes

hurrah is my rent going down

>>132513922
Retirement plans get seized, everybody goes on the government slavery system just to live, jobs dry up, your savings account if you have one becomes worthless, your debt if you have it probably remains like a ball and chain around your ankle, and your future prospects in life go down the drain as the global HAPPENING takes another step down the spiral.

But if it turns out merely to be a decent correction and you can ride it out, then, sure, maybe you might be in the position to buy at a more realistic price.

But the powers that be don't want that. They want you to be a forever renter. So don't get your hopes up.

>about to buy a 600k house tomorrow

stay away from Poland, kikes

>>132514256
I think you're thinking Vancouver... but idk.

>>132513135
Even if vancouver prices fell by 10% those homes are still worth over 1 million dollars. This is completely useless information

>>132513334
To be fair, your houses are ridiculously cheap to begin with (except maybe SanFran, NY, DC and Houston)

>>132512847
Seems like importing the third world into your countries makes normal humans not want to live there

>>132512847

Fuck off, archivenigger

>>132513939
Florida here. Our housing prices had just begun to get back to normal but now they are rising fast. I have friends that are going to buy properties to flip but are going to finance it and I don't think they have it timed very well.

>>132514256
Yeah, thankfully my dad sold his house last year and got way more than he probably should have for it. Now if our loonie could go back up that would be nice.

>>132514679
You clearly don't know what you're talking about. Because Houston houses are cheap as fuck. My gfs parents just bought a 3500 sq house in houston for $250k

...again??

>>132512847
one can hope.

boomer scum needs to fuck off and stop buying avocado toast.

housing prices should fall by a factor two if there is to be any justice. if not, boomer scum will be the first against the wall.

>>132515033
Gee it's almost like Andy Jackson correctly called out the bankers for running endless boom and bust cycles to screw everybody over and take over ownership of everything.

>>132512847
the ontario government scared people about a month ago by introducing some taxes with regards to real estate.

everyone rushed to sell to hurry and avoid it. surplus of places on the market for sale was the direct result. not enough buyers. the buyers have a bit more power right now cause if they dont like the price, they'll just go to the house down the street for sale. pretty alright for now. it'll go back though. people are just being scaredycats now and what the government did isnt enough to stop the chinese speculators.

>>132514750
no

>>132513919
We are working on getting out of our condo and squeezing it for every penny we can. Investors are still going for then because they are seen as attainable and useful assets.

Time to get out and live in a trailer while we watch the whole thing unfold.

>>132513919
assessed values are extremely low in places like toronto, which also has crazy low property tax. I've been saying for years that Toronto should raise prop tax to that of the surrounding areas, about 1% (currently about half that.) But it wont really matter. nonwhites already live 5/6/7 people to a house...still only 1 tax revenue.

>>132514451
what does 600 k get you in poland?

>>132514679

The thing about America is that cost of living and average salaries can vary pretty wildly, as well as demand for property for literally dozens of reasons.

I lived in an apartment complex, and the complex across the street from me that was run by the same company was $100-$200 less per month in rent strictly because it was a different school district.

Then you get into property taxes, zoning laws, and the price of real estate can get pretty squirrely

>>132515757
what's it like an hour out of Van?

I'm trying to sell my condo in Toronto and buy a house about an hour away. I need a backyard and white people. And dogs.

>>132514604
A drop of ten percent puts a home within my budget... but there have been signs that 20% is the most likely drop, with 40% being a nightmare scenario.

The immigration scheme isn't working like they thought and foreign home buyers are tapped out. Seems like we are getting a happening.

>>132515769
They made the same mistake in my county. For 10 years now property owners have been living in fear of the day the government might reassess property values. It's been a continual political football, and the go-to excuse for land lords to keep jacking up rent.

Pretty lame. Scares away potential buyers, too.

Back to normal in Ireland

http://www.thejournal.ie/house-prices-ireland-10-3474710-Jul2017/

>>132513135
if vancouver prices fell it would collapse the Chinese economy-- so I don't expect they'll let them drop any time soon.

>>132512847
so it should mean that inflation is on rise and interest rates too. Oh well, at least I'm not living in EU country :^)

>>132513810
now they are still under US boot, won't happen.

>>132512847
>House prices drop 40%
>Jews buy everything up whilst its cheap
>House prices climb back to normal

How many times does this have to happen.

>>132513939
>follow your advice
>buy a $100k home for $500k
>market crashes to where it's work 50k
>flip house for -450k

Great business advice!

>>132515826
Poland

>>132514788
yeah everyone i know has either just got a house or is getting into real estate to try make money from this low inventory high demand situation that we have in my city. the median price is going up 1-2% every month. If there is gonna be a crash here I think it's going to be after another year or so of prices rising.

>>132512847

I hope Buy-to-Let landlord scum lose everything, the greedy pigs.

>>132512847
It's literally nothing

>>132516415
yeah me too, i can't wait for house prices to crash so i can finally buy a house and then rent it out

>>132515992
You can get a house in Maple Ridge for $650k. These are nice places. In Mission, you can get them for as low as $350k. Not so nice, but the money saved on a home in mission can be put towards renovations that make it moot. I would hear out that way, but my wife is dead set on staying in the Tricities.

>>132515826
>what does 600 k get you in poland?

Poland

>>132516296
>http://archive.is/S0i6o

>Nethercuck misunderstands

>>132516551
Why do you think immigration is so heavily pushed on us? Who stands to benefit?

People with money, cost of labour is reduced to pennies, cost of housing shoots through the roof.

Reality is prices will never crash in the UK by much, for long, because there is such a shortage. They will just flood us with more third worlders to suck up the slack in demand.

>>132512847
Well, fuck.

Good

>>132512847
> Oslo houses are overpriced as fuck
> I'm living in kebab-country to save money
And just LAST FUCKING WEEK the police hit the local elementary school, shopping mall, etc. to take down drug gangs.

At least they're doing something I guess?

I thought Norway was protected from financial crisis due to oil $

>>132517078
Why do you live in Oslo? You should move to Norway.

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/pol caused this.

it was going to happen but /pol sped things up.

>>132516223
http://archive.is/kjaAo

>>132512847
HAHAHAHA AND IM LOOKING TO BUY, THANKS KEK

>>132517292
There is a big investing fund that has much of the surplus cash that was generated when oil was 100$+ however this fund is greatly invested in properity and because of that, linked to this bubble.

>>132512847
>http://archive.is/O8n7Y

A month to month drop which is fucking seasonal retard. May is the fucking peak month of the year for sales and prices. It always declines in June because of seasonality. Yes seriously retards buy in May instead of say December and overpay. People are as fucking dumb as OP.

>>132517861
>buying on the peak of a bubble
>buying right when prices start falling
>in the UK of all that is about to get hit by a recession due to Brexit

dont be that guy

Please don't collapse whilst I'm trying to sell

>>132513939
meh. i bought in 06, got my ass kicked but held on. now i'm good money ahead. just buy something you believe in and don't buy more than you can afford.

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>>132517980
>Please don't collapse whilst I'm trying to sell

Falling house prices in Toronto probably has to do with recent government measures to institute a tax on foreign buyers and implementing additional credit checks for buying homes. In other words, shit that should have been done 20 years ago.

>>132517964
You misunderstand m8 I'm looking to to buy my first house not sell an existing one, so this can only be good news if prices come down even by %5 I can get a house with a bit more garden and a bit more space for a border collie pup.

>>132518357
>basic fraud and speculation protections introduced
>prices plummet

Nice market you have there

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What makes you think they will let housing prices crash? Everything in their big game is tied to real estate prices.

I think it is much more likely that we will see more QE, more inflation, and even higher asset prices as a result.

>>132518357
your crackshack ain't actually going up value 500 per day bud.

pal.

guy.

dude

>>132512847
anything about nyc bro?

>>132518572
lenders will get bailouts, basic hosers get nothing.

I want to buy a house in London in exactly one year

Will it be cheap then already?

>>132512847
>>132512847
Fuck.. take USA with em please. I want a cheaper deal than I'm looking at.

>>132515992
>wants to live an hour outside of van
>wants to live within 5km of downtown in traffic

please dont, come when youre balling and can live in the city or move into suburbs and forget about vancouver, the traffic will change your way of thinking.

>>132516225
especially since the mayor of Vancouver is banging a chinese girl half his age with links to some of the most corrupt people in china

>>132516579
for some reason I can't stand maple ridge

>>132512847
Only matters if you have more than 1.
Even negative equity isn't a problem unless you need to sell.

>>132518512
only falling because of market surplus. the boomers want to cash out of their houses they paid 40k for 30 years ago. the buyers have the upper hand at the momeny because chances are in good areas there are a few houses for sale on the same street, so if one seller is trying to give you shaft, go three doors down and try for a better price. it'll go back the way it was soon enough though

>>132519324
guessing this isnt for me? I'm in cuckronto

>>132512847
Would it be safe to assume that they were subsidizing housing?

Please KEK bring the fall, the goyem are primed for an awakening

>>132513135
up 7.9%

>>132520152

This site has an age requirement. Remember 2009? Yeah, housing crashed then too and it infected everything faggot.

>>132515992

Come to Oakville if you want 1 hour away from Toronto and still white

>>132512847
yesssss
>mfw i graduate in six months, just in time to buy a house on the low

Ah, Ah, ahhhhhhhhh!
It all comes
TUMBLING DOWN, TUMBLING DOWN, TUMBLING DOOOOWWWWWWN

Ah, ah, ahhhhhhhhh!
I just keep
LETTING ME DOWN, LETTING ME DOWN, LETTING ME DOOOOWWWWN

>>132512847
Global housing recession 2.0 electric boogalo

>>132520973
pretty pricey there, but i did consider it. I'm looking at innisfil. into boating and hunting so north makes more sense for me. Unfortunately for work I'm still bound to Toronto. If not I'd be in rural quebec on a mountain or something

>>132512847
It's almost like treating people homes as commodities isn't such a great idea.

>>132516096
Congrats on being a millionaire then. 20% drop would be something that most married couples can at least deal with

>>132516096


Well, prices are UP 18.5% y/o/y in Toronto

So even if they drop 20% they are still at a high level. It's not like there is some firesale happening.

Real estate is overpriced, but it isn't going to implode. Only the people who have purchased very recently are losing, its been a winning bet for 20-25 years now.

It can't go up independent of wage increases forever - sane people already realize this, and the new foreign buyer tax is also going to slow down any price increase frenzy.

We are just getting to go back to 'normal' pricing that reflects the buying power of the people who are buying

>>132514036
How do we summon crashy chan?

>>132522582
You'd have to make memes in Chinese, that would appeal to the 30-60 year old crowd, and trick them into thinking that Australian/Canadian property is about to collapse

>>132512847
Good, the Norwegian bubble needs to burst.

>>132516824

This is true. I think immigrants and foreign investors propping up the housing industry are one of the only things giving people here the illusion of wealth.

You stop the immigration and it all dies.

We are dependant on people bringing money in now. But it has a terrible effect on people already here, due to unaffordablity.

I also get a sense - And I think this is similar in the UK - that we are creating a massive cultural and economic (and ethnic) divide between the few glittery immigrant heavy cities and the old stock smaller cities town/countryside...they are drifting apart.

>>132519173

Practically Free.

>>132518357
The interest rate is also set to increase.

>>132523417
Isn't this happening in pretty much every western country? I genuinely can't think of a single western country that doesn't fit that description, even when I went to Iceland my tour guide in Reykjavik was telling me about how old people in Iceland are complaining that Reykjavik isn't an Icelandic city anymore, it's too foreign.

>>132523570
good, I'm gonna spend my deposit savings then

>>132519575
Kanaka Creek seems alright, but I absolutely agree. Poco is even pushing it. I was born and raised in Coquitlam, but it's just not feasible... Even for a family bringing in $150k with a $200k down payment.

>>132523393

What do you mean, an apartment costing 10x your annual salary is perfectly fine

>>132520305
He's bullshitting you. Traffic is shit during rush hour from Maple Ridge, but if you want to get to Vancouver for weekend faggot rides, you'll be fine.

>>132521600
Just have a decent job and invested in a good spot with my condo. I'll walk out of that place with a 20% down payment on a house.

>>132514750
You're just mad that someone else managed to get into an autistic routine before a German could.

>>132517308
I just moved to Norway from Bergen. I miss Loddefjord already. But I need to do my time in Oslo to get a career rolling.

>>132524656

>Fjoddefjord

>>132524656
>>132524722
Det var da jævlig til Bergensere her da.

>>132512847
I've been waiting for this, gonna grab myself an appartment when it drops 20~30%.

>>132512847
Norway better fall... they've been fucking rising for EVER along with the debt... this can't go on.

>>132517871
They have mostly invested in foreign property.
We bought so much of Paris. Now if only operation Snow Niggers Removing Shit Niggers could commence, we would make so much money, and the French wouldn't even mind one bit.

>>132524722
Better than Slaskevåg. Which is better than Oslo. In 3-5 years, I'm going to try to get a job in Bergen, and I just hope house prices will stay low there. It's pretty chill there and Gyldenpris. Yeah, Gyldenpris is filled up with foreigners, but they're almost all Polish families who are all chill Catholics.

My dream is a comfy apartment up there, and a scooter to take me to and from work. Preferably electric, so I can go full hipster. I'll take normal rain over chocolate rain any day.

>>132525001
1 hour drive north of Bergen here... rural town

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>>132512847

Oh yes. Yes please. Keep going. Don't stop. Faster. FASTER.

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>>132512847
>mortgage BTFO

gonna enjoy the hell out of this famalam fuck you if you borrow money and inflate prices fuck you and will laugh at you when you starve in the gutter you fucking pieces of shit

>>132525113
Of course they have, as debt has been more easily available to the average consumer, housing prices have risen to keep up with the supply of money.

And since we have nobody building low cost housing, we're kinda fucked long term too. Then there's the fucking Levetidsstandard bullshit that makes it more expensive to build housing. Which drives up prices. This means that people who sell their old house will get more money for it so they can get bigger loans for their next house.

It's a fucking retarded cycle.

what's that? a bubble is bursting? what a shame.

>>132525153
>My dream is a comfy apartment up there
It's not really that great up here in Little Poland.

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>>132525001

Heia Brann!

>>132513334
>It's going to be impossible to buy a house soon

Logically, that can't happen. People have to be able to buy houses in order to sustain a market, otherwise a correction is inevitable.

>>132513881
both my zestimate and redfin estimates broke $1m.

So that feels nice.

>>132525367
>And since we have nobody building low cost housing, we're kinda fucked long term too

depends on where you look, most brand new appartments (before finishing touches) are offered around 750k, but they lack furnishing and other options, you customize it and it ends up around 1.5M~2.3m~

Requires putting in an application tho, and those prices obviously don't apply anywhere in Urban oslo, maybe sub-urbs like holmlia/nordstrand (not like there's white people there anymore anyways) :^)

>>132515826
newly built 2017, although unfurnished 165m2 (1500 square feet) house 10 miles from one of the biggest polish cities with 10000 square feet of land

that's roughly what 180k US dollars will get you.

I'll be trying to get the price down a little though

>Everyone's happy over it

This is not funny, and extremely antisemitic of you. How am I supposed to pay for my three month vacations when the price of my commie bloc flats are dropping down? I'll have to lower the rent at this rate.

Just keep buying houses, you good fucking goyim.

>>132524577
lol the best bantz are true bantz

>>132525496
Fuck Erna and fuck Brann. I had the misfortune of living above Fotballpuben for over a month and had to listen to piss drunk supporters singing at all times.

>>132513922
For a start, a lot of boomers who bought a house did so as part of their retirement plans.
If the property prices crash before they can cash in, say bye bye to the plans.
Now what does that mean?
Increased reliance on social security, increased stress on society from the required taxes and assorted family dependency.

As for the primary economic effects of a property crash, think of it as a great depression. Because there's less in savings and bank won't be was willing to loan out as much money, people will spend less which kills demand and chokes the suppliers, costing jobs.
But that's the limit of my knowledge desu senpai

Is this good or bad for young poorfags ?

I bought a flat from the seedy part of downtown. Paid 80 000€. Now it's the hip gentrified part of town and worth 250 000€.

Maybe I should move to the countryside and just airbnb the shit out of it.

>>132525809
Depends, do you own property or not?

>>132525652
That's about ~1.5M NOK, with 2017 build that's reasonable for that size.

You probally get a 60m2 appartment for that price here. +/- 500k NOK

>>132525446
Compared to Generic Brown Village that I live in now?

I'll take white foreigners over brown foreigners any day.

>>132525648
> It gets cheaper if you live with the foreigners.
Yeah no shit Sherlock.

>>132525792
https://www.youtube.com/watch?v=5yuUGHR2imo

>>132514750
Found the reporter who doesn't get paid enough

>>132516666
Checked

>>132525652
>10 miles


>miles

miles?

>>132525809
it's all cycles, young poorfag. save your shekels and try to buy at the bottom, but don't panic if you don't start to pile on net worth immediately. time is on your side. biggest thing is buy what you can afford even if shit goes a little bit south.

>>132526027
it's a joke, they don't build housing there anywhere.

They tried to rig up nearby areas like lamberseter, but it's going to hell because the multiculti spreads like cancer to surrounding areas. They know how to take the bus, so they bring their crime around.

>>132516666
Sometimes you're ok, Captain Sweden.

>>132513922
To put it simple.
>House prices go down
>Rent prices also go down
>Immigrants soon flood every single street
>Whites leave
>Enjoy ur multicultural ghetto

>>132523417
This is France as well. We're trying to buy an apartment in Paris with my future wife. Everything is now 10k euros per sqm. It's insane even shitty neighborhoods full of migrants are super expensive.

>>132525809

It's bad for poorfags who have already purchased houses. It's good for those who have been waiting for prices to go down before buying.

>>132512847
>UK home prices set for 40 % collapse (Express)
Well I just buy a cheap house and do it up.

>Britain on brink of WORST house price collapse since the 1990s, expert warns

Remind me again why housing becoming much more affordable is so awful?

>>132512847
>prices collapsing
That's because the prices were inflated as fuck.

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It's going to drop more.
HOLD!

>>132526178
I can confirm that they know how to take the Metro. I love that they tell us to watch out for pickpockets every fucking day. Can't we just throw out the gypsies?

Oh, btw. This reminds me. You wanna get triggered bro?
> https://www.dagbladet.no/kultur/innsatte-i-norske-fengsler-blir-ikke-likebehandlet/68468525

34% of all criminals in jails are literally foreign scum that needs deportation.
What's the issue? They don't get enough rehab gibs.

At least they'll have enough Imams in jail. There's scarcely any need for priests anymore for some reason.

>>132512847
Good, I'm buying a property with my crypto profits soon. Cheeky 20-40% discount would be top.

>>132526429
I literally hope so. Maybe it will take down the Norwegian housing market (for some weird reason) along with it.

Buying a 1500sqft house for 80k in 95% white stereotypical midwestern small town. 1 hour round trip commute in company vehicle.
It still exist boys.
Half hour from 450k metro center, 50 min from 1million metro center

>>132526429
It's bad for those who owns houses.

>>132526178
Same here. They've stopped building anything for years, and now all of a sudden they're planning on building a 75000 home neighbourhood. Problem is that it's in an active harbour, so they'll need to move that. That'll take 10 years at least, with business dealings in mind and all.

Yeah, I'm not looking forward to it. All the other new neighbourhoods of the last 10 years in Amsterdam are multiculti shitfests.

>>132525553
Such a cute little understating of Economics you have there. I bet you aced Econ 101.

Of course what you say is true if real commodity money were required to trade for real goods. But that's not what we have. We have Keynesian/Commie bullshit that has only ever worked out when we were bombing the shit out of other country's factories.

I would short S&P 500 now.

>>132526429
Because almost everyone has borrowed way past the actual value of their housing with their housing as collateral.

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>>132526429
Because the goys are more likely to start families and stop their genocide!

>>132512847
>40% collapse in British house prices
>thinks banks won't get paid off again

I wish they would. They are insanely overpriced everywhere.

>>132512847
> LET'S LOWER INTEREST, PEOPLE WILL BORROW SO EVERYONE CAN HAVE A HOUSE
> YEEEEEAH

>>132526275
>Enjoy ur multicultural ghetto


P much the story of entire Sondre Nordstrand and surrounding areas. Was a peaceful sub-urb, then the Oslo based goverment decided to cram every "refugee" (asylum seeker) and other unwantables like welfare recipents all over the place there.

all the bad names... Mortensrud, Holmlia, Hauketo, Bjorndal, Prinsdal... All names from the same sub-urb of oslo, and it spreads constantly.

Comparable to the no-go areas for women in the capital itself, like Gronnland. If you're woman, don't go there alone. Not even at day-time. I went trough the area with my sister, and we know a bunch of arab cuz we enriched and all by living in multicult. parts of oslo, and they didn't exactly say nice shit about my sister.

>>132526579
Fuck that shit, foreigners are 100% repeat offenders.

>>132526965
I can borrow at 1.12%, it's insane.

>>132520973
Or burlington

>>132527101
It's going to crash, they'll bail out the banks and fuck your ass with inflation.

>>132527034
I think there's like 10 ethnic Norwegians living in Mortensrud. It's amazing to watch everything that's gone or going to hell in such a hurry without anyone actually caring enough to stop it.

I mean, we had arabs back in Bergen too. But they assimilated a lot more, and we don't have this amount of bullshit.

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>>132512847
>UK prices
>down 2% right now
>after going up 400% in 10 years
>with zero (0) new houses being built
>population growing to 80 million by 2025
this country is pretty fucked yo. those migrant tent cities will be what we call working class mansions.

>>132527400
Yeah, last i heard the youth school (age 12~15) had one norwegian student at all at mortensrud.

myself i grew up at holmlia, everyone i ever knew has moved fuck far away from there. Except maybe 1~2 stragglers who dont have economy to get away from the hell hole. Literally every neighbourhoods i could walk trough when growing up, it was safe. Nowadays the same areas are completely changed.

It feels like a nuclear fallout has hit there, it is not where i grew up anymore.

>>132526680
(((wrong)))
its only bad for banks because they are scum that issue 95% mortgages to illiterate crack heads

if you own a home it does not matter what the price is until you need to sell.

>>132526429

Property owners (mostly boomers) want to keep their equity nice and high and also fuck everyone else. This is also why many governments in the west are pushing so hard for immigration. They think if they just bring in more browns there will be more buyers and the housing market will stay inflated.

>>132527759
I wonder if our politicians grew up in those areas....

Fuckin' right. A nigga gon git a house fo my 12 chillen 'n sheeit

>>132527943
Actually, if a bank goes tits up because it made too many shit loans it can sell its debt to stay afloat. Enjoy you getting rogered because some banker wanker decided to give some knobhead with the fiscal capabilities of a drunk swanshagger a mortgage.

>>132528132
The weirdest part for me is that when you look at how politicians from Bergen talk about these sorts of things, it tends to boil down to "Why the fuck haven't we bolted the border shut already? It's what the people want after all". But there are still people in Oslo who believe that diversity is our strength. Just how does that even work?

Sometimes it just seems like Bergenser is a completely separate ethnicity from Norwegian.

>>132528132
I've witnessed 3 shootouts the years i grew up there, and could name literally every multi-cult gang / gang members when i used to live in oslo growing up there.

Shootouts that occured between two schoolgrounds, age 6 to 15, where pakis from Gronland ( B gjengen) cane to attack cousins that attended to the schools there of pakis that were in (A gjengen)

Kinda hard not to pay attention to it, when literally all of them, except B gjengen originates from Holmlia.

I'm just glad I'm far away from there, and vote FRP on spite these days.

Why is this a problem?
As long as the reason your housing prices are dropping isn't because your neighborhood is turning in to a crime infested shithole, this seems like a good thing.
Especially since the UK at least is known for having a ridiculous inflated housing price problem, even if I can't comment on the Norway or Canadian one.
You can't expect me to believe people were stupid enough to invest heavily in assumed housing price growth again. That's the only other way I could see falling house prices being a problem. And even then if that's the case, you kind of deserve to be fucked for trying to not only Jew others like that, but for doing a shit job of it.

>>132527972
Don't be silly. They're not that stupid.

What they do is that "refugees" need a place to live so the government will buy it for them. Enjoy your boomer tax with complimentary enrichment. :^)

>>132528537
>Sometimes it just seems like Bergenser is a completely separate ethnicity from Norwegian.
Vestlandet ut av Norge og inn i fremtiden!

>>132528615
In the current year +x all assets seem risky. Stocks fall off a cliff periodically, bond yields are shit because governments can't pay their debts at higher rates. Real estate is at least something tangible that people can understand. Just sayin'

>>132512847
Awesome. Time to get into the shortsale biz

>>132514451
600k zloty

I'd welcome a price decrease in the UK. In my area, immigrants aren't a problem as such. Sure, there's a few but they've taken up the shitty flats that literally only rats would be happy to live in.
I'll be looking for a house in the near future, 3 bedroom terrace house here at the moment is like £90k-120k which I think is relatively cheap as it is. I'm welcoming any discount. inb4 jew.

>>132527972

no it just causes whites who have money to flee diversity and drive up prices is legacy white hoods

>>132512847
thank god
maybe us milennials could actually move out of our parents' houses now

>>132529263
Poland.

>>132526429
Because shlomo convinced them to take out a massive loan to buy an overpriced house

Hi guys.

NZ housing needs to take a hit.

Prices are up 20% year on year, with stagnant GDP growth.

All these houses are shitboxes, un-insulated leaky and cold.

>>132513334
We've got low inventory cause millenials are worthless faggots who wanna hop from city to city chasing various middle management positions at dumb companies that make useless consumer bullshit and cant save, and cant qualify for a mortgage.
So rents go up 10% per year even though the mortgage payement on your average 2 bed 2 bath are 30% less than the rental payment on a luxury style studio.
Basically millenials are too fucking stupid to plan ahead and don't give a shit anyways because they seriously can't even grasp the concept of getting old so developers are only building shitty luxury style apartments and nobody will invest in affordable housing

>>132512847
Hoo ray

>>132529480
Norway

>>132512847
>yo dawg, I heard you like gables.

>>132526840
>>132529577
>>132527972
I don't get it.

It's not really ruinous* as they still end up paying the same as they would if the bubble had not burst.

It's only harmful to them if they were planning on borrowing further, buying to let, or hoping to sell the property on with a hefty profit.

Again, there is no real harm to their livelihood, just to the profits they assumed they would get out of a risky (as it turns out) investment.

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>>132512847
>sold my house in London one month before brexit
feels good

>>132529860
Actually, I guess that you're trying to shitpost, but you have a point, but you're not entirely right.

Let's just start with the city hopping. That's a relatively recent thing, right? So why do we do it? (I'm an M87, so early milennial I guess.)
Because it's how you get a job. It's the only way left to climb the ladder. It means that we won't get married, start families, or any of that shit.
But the Gen Xers made this society, and we can't just sperg out and have ourselves a revolution, can we?

"But you dumb fuck, why don't you save money?" you might ask. Good question, let me explain.

First off, save up for what? A mortgage? They're simply put too expensive and not worth it. That's right, it's not worth owning your own house because the price you have to pay is too high. But okay, we should save up for our pension. I save 5% of my monthly wages in a long term pension investment vehicle thing. But I don't save more money in savings accounts than I have to. I mean, the inflation is higher than the interest rate. Save long term or not at all.

The only way you'll ever get us into the housing market is if affordable housing in non-diversified areas were created. But that won't ever fucking happen. And we both know it.

We're acting exactly like how rational people would under the economic incentives the Gen X faggots gave us. If we're lucky, we can crash the housing market so that Gen Z can have some good luck in their life. Our generation is already fucked, but it's not yet too late for them.

>>132530137
Seal clubbers

>>132513662

>30%

The home I live in went from £35,000 to £360,000 in 25 years.

>>132530488
Housing bubble inflates market value of house way past it's actual value.
House owners take up loans to buy the house, take up loans to improve the house, takes up loan for a new car, all with the house as collateral.
Bubble bursts, value of house is now way less than total amount of debt tied to it.

We're not exactly talking quantum physics here, bud.

>>132530709
Correct

Vancouver prices need to drop around 20% so i can buy a house in the hills up in west vancouver. canadians what are you doing to achieve this?

>>132513922
It's not. The cuckpartment plague that's gripped this generation needs to be stopped. Interest rates are rock bottom and if you can save even 3.5% you can probably buy a house and have a mortgage that's cheaper than renting.
The only reason not to buy is if you have good reason to believe you will have a steep increase in income in the next 5 years or you have a decent rental scenario and are already getting >8% yields on your other investments.

But here's the thing about real estate:
>“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” -- Theodore Roosevelt, U.S. president
If you buy Real Estate in a community and you invest in that community and BUILD something you will be successful. All wealth is tied to The Land. People define their existence through Place. Food, Water, Shelter. All of Life's most basic needs come from Real Estate.

>>132530848
Again, that changes nothing except limiting the capacity to take further bad decisions.

>>132531412
Stupid fucking people have based their entire lives around "oh it's fine I can just take out another mortgage".

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>>132514815
>loonie going back up under Truduea

>>132531579
It is going up trudeau. It went from $1.07 to 74 cents under fucking Harper

You could literally take a zero off the end of most house prices in the UK and they'd still be overvalued.

>>132526676
That's a pretty small house if you have kids, in my opinion. I have a wife and two kids in 1100 sqft and it's destroying my soul.

>>132526680
It's bad for landlords. People that own their homes and actually live in them will be fine... Well, the ones with money into them anyway.

>>132531513
Then the debtors will have to suffer for their poor decisions.

Or (to be less cheeky) if the problem is widespread and threatens social stability enough to warrant it we cancel or otherwise limit the debts on a society-wide level. Then the predatory lenders suffer for their poor decisions.

We've had this shit figured out since at least the 7th century BC.

>>132532319
The problem is it turns widespread and they all end up on fucking welfare in the end, which you will have to pay for one way or the other.

>>132530848
>Ja man! Jeg er stor "Gangsta ass Nigga" fra groland av pakistanske skikkeling! BRATATAJETETETE JÆVLA!
>Somalierne er mine fiender "Kontra" mine gjen og "Hood!"
>Jeg vil "Busta a Cap on dem Niggas!" hvis de kommer i mitt oye!
>"Yo Muddafuckaz, dey call me dat Nigga!" Grisen! husk dette navnet og alltid ha frykt når du horer det.. FOR ALLTID!!

>>132530624
Rents are already 20-40% higher than mortgage payments in places that aren't New York, Boston, LA, San Fancisco, Denver, Seattle, Portland and Austin.
City hopping is total meme. If you go from earning $80k in Oklahoma City to $120k in San Francisco you're actually getting poorer. People only do it because their shallow and indoctrinated by Hollywood into thinking that paying $2200/month to rent a cuckshed in SF makes you cultured and interesting.

There used to be a time when people invested in improving their own communities. Now if you live in a city flooded with negros then you should move. Nothing you can do at that point. Everywhere else in the US has boundless potential and you can become as wealthy and prosperous as anyone on earth there. Just look at Warren Buffet in Omaha.

Fat lazy boomers should have their homes requisitioned by the government and redistributed to under 25s. They've fucked enough things up in the world for us already, so giving us homes is the least they could do.

>>132532319
unfortunately (((debtors))) run the government so they'll subsidize their losses always

>>132532657
Wrong side of the country, faggot.

>>132531721
Don't bullshit me leaf. It's not gonna work

>>132532937
Thats the truth

>>132514256

Toronto realtor here.

Half a million won't buy you a crackhouse or any house. Don't kid yourself. You can get a really shitty bachelor apartment that won't be built in four years for that, though.

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Boomers are going to start selling their investment properties soon, I can see the market flooded with real estate, in the next 5 years.

>>132526767
Yes, if people were making a ton of money building bombs then yes, they could afford inflated housing prices, duh.

Not sure what your point is if you think those two are disconnected.

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>>132532885
Fuck.. all that effort just to make you Kek... and I failed.....

>>132531721
That's because the price of oil decreased under Harper and is increasing under Trudeau. This has nothing to do with either of their leadership styles.

>>132516293
Somebody knews here.

>>132525553
it's already impossible without being in debt for it your whole life

>>132533653
Harper dindu nuffin

>>132512847

I bought a house recently but I live on the Illinois border and I think any housing collapse will be offset by people fleeing the state and looking to buy here.

>>132534116
You don't have 15 year fixed mortgages up there?

>>132534294
In this case, no he didn't. He also didn't put us into deficit spending while achieving absolutely nothing.

>>132534484
The highest I can get is five... Twenty five year mortgages are the most common, I'd say. Don't mind that idiot though, I don't think he knows that he's talking about rent.

>>132532156
Speak for yourself. I have a 1400sqft house and it's plenty big compared to my english house that was 800sqft. Many families live in 3/2 1200ish sq ft houses in my city just fine. Some people fill their houses with junk and then complain they need more space so they can buy more junk. I'm not advocating cuck sheds but people need to stop putting jewish pressure on people to buy 3000sqft houses in order to be considered successful.

>>132534504
Except spend 10 years trying to turn us into a petro state and then dindued when oil went to $40

>>132516296
Well it's a catch 22. My buddy bought a crack den on a busy street. Property was large though. He offered the owner $150 grand for the house and offered the squatters $2000 each to gtfo. 5 of them total.

Then he demo's the house to the ground and sold the property to a developer who was making high rise apartments. He netted about $85 grand after lawyers, agents, taxes and rental equipment in just over 6 weeks.

The squatters were the main problem. No one wanted to touch it for legal reasons so my man knew that these drug addicts would gladly leave for $2000, go shoot up for a few days and when they came back to continue squatting (as he assumed they would) the place was basically a pile of rubble.

Just saying there are always ways to make money in real estate if you're crafty enough.

>>132512847
Good, houses are for mortgage cucks and boomers. Apartments are for fags and single mothers. It's time /pol/ took the 5 acres and a doublewide pill

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>>132516579
>Letting your wife make important decisions

>bought house in 2013 for $280g
>Got it appraised recently as I know the market will crash soon but wanna take a loan on the house for investing once market inevitably crashes and can buy shit rock bottom prices
>Mfw the appraisal was $515 000

Any investment fags want to weigh in on the pros and cons on this? My brother and a couple other people I know are bankers and/or lenders and thrleyve been giving me mixed reviews on my plan.

>>132536856
My plan is to buy cheap delapatated houses, fix them up and rent them, btw. I'm a contractor.

>>132536993
If you buy a fixer-upper in a bad neighborhood, you could be ambushed and robbed, and possibly killed, while your fixing up the place. Even in broad daylight. Nogs do this all the time.

>>132514438
Powers that be

(((Powers)))

>>132536856
Just don't go all in. Leverage is your best friend on the way up and your worst enemy on the way down. Good luck.

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I was too young to invest, last time but I'm fucking ready let's goooo

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>>132519173
>I want to buy a house in London in exactly one year

How can house prices go down when the population goes up ? please explain that to me.
Our future is 40k hive cities.

>>132522332
Which are 375000 rich chinese and middle east immigrants imported yearly.

>>132538251

What you should explain is how house prices can increase faster than the population. Toss in that the building itself is depreciating.

>>132512847
How can prices be falling if Chinks will buy at any price?

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The Toronto and Vancouver drop followed the foreign buyer tax on homes.
>10% tax added to purchase
>Prices drop 10%
It didnt really affect the rest of Canada. I just bought a condo in downtown Calgary for $225k and its value is already going up. Eventually the Chinese will start moving towards buying in other cities and Calgary is the 4th largest city in Canada. So Im hoping for that Chinese money to come in a few years when I move.

Also getting that Chinese money from work since I studied Mandarin at school.