Are you ready for the popping of the housing bubble?

>>133015874
no

>>133015874
Oh god no, I just inherited my parents house in the Bay Area and I was planning on selling it in a few years and moving to the midwest to fund my future permanent NEET lifestyle.

>>133015874
Why would you think there's a housing bubble right now?

Lenders and such can't just give out loans willy nilly anymore. The market literally learned from the last crash.

File: espanla.jpg (42KB, 800x800px) Image search: [Google]

42KB, 800x800px

>>133016086
>The market literally learned from the last crash

>>133015874
Nothing wrong with rent and property values going down. Just makes me more likely to purchase a house.

>>133016086
literally the dumbest post I've read all morning
>inb4 i was being sarcastic

>>133015874
No. Fuck poor people, they can all rot in hell for all I care.

>>133016086
You really think (((they))) learned anything?

>>133015874
Yes, I wouldn't mind buying more property.

>>133016086
Seriously, watch the Big Short on Netflix. Aside from the moralistic grandstanding of an ending involving blaming immigration (which didn't happen when the housing bubble burst and was never actually stated by anyone involved with the book), it's spot-on accurate to the book, and entertaining as fuck with a great cast.

File: housing prices.jpg (2MB, 2424x1376px) Image search: [Google]

2MB, 2424x1376px

>>133015874
Hell yes I'm ready. I still live with my parents at age 30. I'm just so ready for the housing bubble to pop so I can move out and rent, or possibly even buy a house.

I wish Americans saw housing as a place to live, instead of as an investment that has to go up, up, and up.

Yes, because I have a huge downpayment that I've been saving up.

>>133015874
Explain a noob why is this going to happen and where will it start

>>133016310
Who are you, Satan? Fuck you.

>>133015874
Only way they engineer another crash is if they know they're getting bailed out like last time. With the Donald in the Oval that is a longshot at best. Would take a coup first; which we're seeing the conditioning for right now.

File: welfare pepe.jpg (226KB, 750x1334px) Image search: [Google]

226KB, 750x1334px

>>133016080
Dude, that's pretty lazy. Rent the house out and use the income to pay for another place. Get a job and stop being fat.

>>133016460
^^^^
this

It's pretty much spot on. I know in Canada that they're still doing the same shit. It's just now banks have the freedom to steal money from their creditors if another crash happens. Same shit different day, it's just now the oversized gambling dens have their own line of insurance.

I live in a van. I don't care

>>133015874
What bubble? The problem back in 2008 was oversupply, now theres an undersupply. The price bubble will slowly deflate as more hosues are being built right now.

File: 1481319864318.jpg (60KB, 584x433px) Image search: [Google]

60KB, 584x433px

>>133016648

>>133016322

Yes, they learned that their reckless behavior will be rewarded with bailout.

File: 1481320099595.jpg (89KB, 622x424px) Image search: [Google]

89KB, 622x424px

>>133016648
2

File: 1481320561659.jpg (449KB, 1773x1407px) Image search: [Google]

449KB, 1773x1407px

>>133016648
3

File: 1481329419049.jpg (25KB, 429x354px) Image search: [Google]

25KB, 429x354px

>>133016648
4

>>133015874
>>133016080
>>133016296
>>133016460
You're an idiot if you think there will be another housing crash. Will there be another recession soon? Yes. Will it involve home mortgages? No. It's going to come from somewhere else, nobody can say for sure though. housing prices will take a hit for sure, just like they do in any recession, but you're a fucking idiot if you think it will be due to shit home loans again.

>>133016686
>Confirmed for butthurt poorfag hiding his shitty 3rd world country flag

>>133016484
You do NOT want to rent after a recession. Rental prices go way up after a recession due to people losing it all. They default on their homes and are forced to rent, causing rent prices to skyrocket. Just buy a home as soon as shit goes down

>>133015874
There goes the neighbourhood.

>>133015874
its always sad when a condo commits suicide. he left a mailbox without any one to care for it. they will probably euthanize it at the pound

>>133016710
The thing is Trump might not be the smartest president when it comes to most things but he KNOWS Real Estate better then almost anyone in America. If a housing collapse does occur I can't think of anyone better to be in office then him.

>>133016838
>The problem back in 2008 was oversupply

No. The problem was banks giving out mortgages like they were going out of style, then stuffing those contracts in an envelope, and trading them. All while having Moody's or Standard & Poor's giving those envelopes all A ratings. Despite a lot of those envelopes really being junk status.

>>133016080
You better Jew quick then!

>>133016878
so its some sort of repeating cycle any idea how damaging will it be next time it happens

>>133017075
Housing is set up to crash again. Student loans have been set up to crash for the past 2-3 decades. Housing will likely contain itself. Student loans will likely take housing with it when it goes.

>>133015874
YES! I'm in a position to buy a house right now, but I don't want to while prices are so high.

We dodged a bullet by not electing Hillary Clinton into office:

https://www.youtube.com/watch?v=OT7nTkB8504

She was going to help resuscitate the subprime market once again, by specifically giving "minorities" more mortgages, even if their credentials weren't that great.

>>133017279
Experts say it will be worse compared to the last one.

>>133017075
One word, Navient.

File: Kornheiser_Why.jpg (73KB, 600x1040px) Image search: [Google]

73KB, 600x1040px

>>133017075

>>133017343
To this day, I still don't see how the Bushes and the Clintons were any different.

>I can't afford a house so it must be ready to crash soon

LOL

File: 1476232353343.png (201KB, 1045x733px) Image search: [Google]

201KB, 1045x733px

>>133015874
can't wait, it's the rich who lsoe out the most in a housing crash and i'm not rich.

>>133017426
They can go fuck themselves.

>>133017478
I can afford a house. I have 300k in a trust for me. I'm just not going to buy a house until the price is right. My gut instincts on price have never steered me wrong thus far.

>>133017564
Nah, they can't. Their loans are literally guaranteed by the government. They literally can not lose.

>>133017478
It's not exactly a bubble, but it is tantamount to buying into the stock market right now, during it's obscenely bullish momentum.

It's going to "correct", even if it won't crash.

>>133017459
They're not. The Clintons were literally invented by the Bush's and the cia.

>>133015874
Jew sure?

File: 21-times-red-forman-was-the-realest-fucker-on-the-2-19311-1450304761-1_dblbig.jpg (31KB, 625x415px) Image search: [Google]

31KB, 625x415px

>>133016086
Dumbass.

File: 1411758438655.png (28KB, 499x322px) Image search: [Google]

28KB, 499x322px

>>133017426
On the topic of the student loan bubble, when it crashes will it be better to have loans already (at a fixed rate) or to get them afterward?

My gut says it better to have them already but I'm not too savvy with economics.

>>133017187

Well, here they can only raise rent prices by 2% per year. So they won't go up that high.

>>133017854
Fixed-rate loan before and you can refinance if terms are better after a crash.

>>133017666

there is still good deals
the whole market is not overpriced like it was in 08

>>133017854
It's best not to borrow for a student loan, unless you know for a fact that what you're majoring in is highly valued/rare, irreplaceable, and highly paid.

>>133015874
>believing the next crash will be caused by the same problem as the last
>being this economically illiterate

>>133015874
Another?!??

>>133017187
>You do NOT want to rent after a recession. Rental prices go way up after a recession due to people losing it all.

I doubt that. If anything, landlords want to hang on to their tenants. Housing prices have gone up almost 250% in my area over the past 5 1/2 years. One bedroom apartments went from costing $450, to $1100-$1400. If anything a recession would be a good thing, so these greedy as fuck landlords would have to lower their prices to get tenants. But I'm hoping for the housing market to crash first.

File: 1497840166668.gif (2MB, 480x480px) Image search: [Google]

2MB, 480x480px

>>133017167
You will get what you deserve.

>>133017187
My rent stayed the same for 4 years after the bubble burst. I was a good tenant that paid his rent on time and never asked for anything. He didn't want to lose me.

>>133017952
That's usually only if you're currently living there. If someone moves out they absolutely can set a new starting price for the new renters.

When the market went to shit back in 2008 I was able to non-renew my lease and re-sign the exact same apartment because the new starting lease amount was about $150 less per month than what I would have paid on a renewal after being there for 3 years.

The private bank that controls the US money supply caused the crash (the Fed).

File: CanadaHouse.png (530KB, 850x441px) Image search: [Google]

530KB, 850x441px

What housing bubble? Homes are just more valuable now.

Look at this fine piece of Canadian real estate. A bargain at that price :^)

>>133015874
Yeah. Home prices have gone way up. If there's a bubble I can buy a house for cheap. There's pieces of shit near me going for well over 150k and I live in one of the cheaper areas of the country as far as home prices are concerned

>>133017976
Nice, so I might not be completely fucked. My 30k is nothing compared to some but I tried to do my best to plan for the future of paying it off as well. Looks like I'm not as retarded as I thought.
>>133018038
I'm no underwater feminist basket weaving major. I think I'll be okay mostly because I'm actually bothering to think about this stuff which seems to be more than 99% of people taking out loans.

>shitty tiny apartment in sydney can cost over $1M
LMAO, let the bubble burst

>>133017282
>>133017426
>>133017443

It's not going to be a "housing crash" like I said, whatever the cause is, it will cause home prices to take a dip. For example, the dotcom bubble, wasn't a housing crash, but it caused home prices to drop a bit. You're too caught up in the '08 crash that you think every single one will be exactly like that, which it won't. The 2008 crash was particularly bad because the bubble pop directly affected actual people, people lost life savings, homes, and declared bankruptcy. The dotcom bubble, didn't affect huge swaths of the population. At the worst, it affect people with stocks in stupid companies, and people with funds invested in dotcom companies.

If the next crash is healthcare, it's not going to directly fuck people out of their houses like in 08, but it will affect housing prices because there will be a massive upset in the economy.

And for the guy claiming it will be student loan debt, i wouldn't say it's impossible. But the loans are unforgivable loans, meaning you can't just bankruptcy out of it, and they're backed by the feds. So if something get's fucked up with student loans, we've got a bigger problem than the housing market. Just saying

File: US-commercial-real-estate-loans_2017-02-Feb-rep.png (18KB, 501x409px) Image search: [Google]

18KB, 501x409px

Anyone who thinks the housing market will cause the next real estate crash is fucking dumb. You'll be poor for eternity if you don't start looking ahead in the right directions. So, take your head out of your faggy asses and meet the next us economy killer -

>>133017555
It would be so easy to stick a bullet behind that jews ear.
>Podesta staring out bus window thinking about all the kids he fucked and killed
>Anon slips out the 9mm he had concealed in his carry-on bag.
>Works up courage and makes peace with the consequences.
>(((pop)))

I own 4 houses, if the "crash" happens, I will likely purchase another... crashes are not the end of the world, just part of the game

File: skippydeedoodah.jpg (48KB, 800x587px) Image search: [Google]

48KB, 800x587px

>>133018485
He deserves much worse, anon.

File: house-price-inflation-91--600x445.png (156KB, 600x445px) Image search: [Google]

156KB, 600x445px

>>133016168
>>133016296
>>133016322
>>133017787
We didn't learn much from the last crash, but housing prices aren't in bubble territory like they were in the 00's. The stock market is in bubble territory, especially the social media/app craze, student loans are a problem, and of course the national debt and strength of the dollar. A housing crisis is not looming right now.

>>133018619
t. Zhang Xiao

>>133016086
Yup. Sub prime loans are a thing of the past. Yup.

>>133018727
nope, a wop

>>133015874
When and why is this happening? I want it ASAP, like 5 seconds from now. Will it happen soon?

>>133018815
My mistake.

>>133016086
>house pricing increases 5-10x in 20 years
>wages don't change at all
>inflation was only 45% during that period
>there's no bubble goy :^)

>>133018473
even you're stuck on real estate though. It's NOT going to be real estate. In 08 people were talking about a crash in the stock market and dotcom companies again. They were idiots because they saw the last recession, and assumed the next one would be just like it. It won't be like that. It's going to be something completely different that's been bubbling under the surface for decades. I would put my money on colleges collapsing due to massively inflated wages and staff and useless spending. Or healthcare, in the US the cost for a single fucking stitch is $500 now. That's absurd. Fuck, it might not even be something that happens in the US, it could come from chinas economy

File: 1496492194194.png (32KB, 500x447px) Image search: [Google]

32KB, 500x447px

>>133018470
It's honestly refreshing to see someone who actually comprehend economics. Spot on.

I do think that our government's debt obligations will be large source of concern within the next 20 years.

Bonds, social security, student loans, I think a major correction is coming.

>>133018473
Commercial real estate is much less risky than homes, especially without all the government gib programs which make subprime lending possible for banks.

File: pepe.jpg (3KB, 164x159px) Image search: [Google]

3KB, 164x159px

>>133015874
I haven't moved but a lot of wanna-be-rich idiots have moved into my neighborhood. They must not read...

>>133016923
and more deregulations
thanks retards

>>133015874
Yes

I'm planning on buying a house in the next year, so I'm hoping for another crash.

File: palms.jpg (1MB, 3907x2887px) Image search: [Google]

1MB, 3907x2887px

>>133016168
>>133016296
>>133016322
>>133016460
>>133017075
>>133017787

>ITT: people who are obviously NOT real estate agents

Yes, yes, no one can predict Jewry, but just because the market finally decided to recover in the last few years doesn't mean all hell will break lose.

You cannot, in this current year of our lord, get away with the shit that led to the last housing crash (at least in the US). The whole fucking reason there was a crash was that banks were giving out 500 K loans to people without checking to see if said people were even capable of paying half that.

Of course, now that the market it on the up and up, Id advise you all to get while the getting's good. It's a seller's and first-time-buyers market right now.

>>133019049
It's going to be a population collapse this time round.

>>133019059
I work with real estate companies all the time, so I know this shit. But people just keep thinking it will happen again.

I agree the 20 trillion is pretty concerning, and I don't think we will ever get out from under it.

>>133019355
>buy a home right now, trust me home prices won't go down in the next recession

>Im a real estate agent.

Don't trust this guy. And look, I'm NOT saying that there will be another housing collapse, im simply saying that a side effect of the next recession will naturally lower home prices. It will happen, that's not even a debate. Stop trying to push your shady sales tactics that you use on uneducated first time home buyers eager to get into a home

>>133019355
>It's a seller's market right now
>It's a 1st time buyer's market right now.
Anyone with any amount of intelligence would see you are contradicting yourself in this post.

>>133019355
>trusting realtor jews

There is a reason they keep saying the market is great.

File: image.jpg (52KB, 960x714px) Image search: [Google]

52KB, 960x714px

>>133019484
I wouldn't worry about it.

>>133017279

it comes in usually 5 waves of upturns/downturns, each increasing in severity

technically 2008 was the 3rd or 4th wave

>>133019900
Can't even imagine what the popping of that bubble will be...

File: 1415020903753.gif (3MB, 177x217px) Image search: [Google]

3MB, 177x217px

>>133019355
>It's a seller's and first-time-buyers market right now.
I'm not sure if this bullshit means you're lying your ass off or if you're just a real estate agent that's genuinely that retarded.

>>133019049
I work in real estate sales, property development, and investment property management. Student debt, Healthcare, Municipal debt, etc. Is bad no doubt. I drove through 3 states 2 weeks ago. I was surprised at the vast amount of unoccupied commercial buildings. They were fucking everywhere. Both large and small companies take out commercial leases during conventional retail sales models periods (example - history up until recently). Then, the death of retail happens. Peoole want the cheapest, easiest, fastest purchases. I can order almost everything I purchase online now, including fucking toilet paper. These same companies employee people in all of our communities. What happens when your local Walmart or Sears or JC Penny shuts down? They can't pay their mortgages. Don't worry though anon, this is still 5 to 10 years out so you have time to get your house in order, no pun intended.

>>133015874

Yes

I can barely afford to live, damn it.

>>133020262
It'll make Venezuela look tame, because the well-armed Midwest and South will be invaded by a shit ton of city folk looking for food.

The best we could hope for is for the military to literally quarantine those metros, because they CAN contain LA, NYC, Chicago, etc, a LOT easier than they can contain literally everyone else, and you know they will have to take SOMEONE'S side.

You can't just will a housing crash because you don't want to pay current prices. Mortgage deliquency rates are around 4%. FHA pmi is in place and didn't get reduced. Inventory and new construction is low keeping demand high. It's not gonna happen anytime soon here in america. I cant speak for other countries. Apparently the auto loan bubble is going to pop.

Real estate agent here

This thread is funny as fuck

>>133020493
Watching those abandoned places channels on youtube is fascinating, whether its Target up in Canada, or pretty much any mall in the US.

>>133020262
That debt is just a massive club we hold over china to keep them in line. If China ever declared war on the US for any reason the lion's share of that debt would disappear overnight and China will have written off their entire GDP in financial obligations.

>>133016080
you've got a couple years. The signals of problems are there but it isn't the fever pitch it was last time, yet.

strongly depends on your market, too. I'm in Denver, bought in 2011 at the depth of the crisis here, my house is now 2x what I paid for it, and I'll pull out the equity I've paid in.

>>133020493
The only places still really hanging on are restaurants, and they are about to get fucked with the new minimum wage here in CA.

>>133021039
Who in the fuck thought this was a good idea? Do leftists just loathe small businesses?

File: huma16.jpg (63KB, 932x919px) Image search: [Google]

63KB, 932x919px

>>133016080
>tfw 27yo NEET and my mom offered to buy me a house

>>133021332
I wish my mom did that, but she doesn't have a spare 700K.

>>133015874
Daily reminder that no one in financial history has ever CONSISTENTLY predicted changes in any market; stock, housing, oil, etc. You can get lucky and time it once. Some of the top dogs on Wall Street may have done it twice. But there is no way to accurately predict when a crash will occur. You're best off putting your money in longer term asset classes that yield good returns over boom and bust years.

>>133020697
>(((Real estate agent))) here

You'll be the first against the wall

>>133021478
>his country has 700k houses
Lucky bastard.

>>133015874

yeah. it's stupid how artificially high housing costs are. that's the problem with the stock market too, the same thing that happened as before - too many middle class thinking they'll get rich quick.

>>133021581
>tfw that is a cheap house here

>>133021726
A cheap house over here is 1.2m

>>133021478
my mom's a sneaky cunt, pretty sure the offer will be using my inheritance for my grandmother.

i'm starting to think there's no stipulation on what i can spend the money on, so my mom would rather have it "invested" in real estate rather than me spending it on cheap beer and 4chan gold.

>>133021814
I can't wait for the bubble to burst 2bh

>>133016484
>I wish Americans saw housing as a place to live, instead of as an investment that has to go up, up, and up.

this. houses should be seen as primary homes, not get rich quick schemes. i have NO sympathy for people who lose their shorts on investment properties. big or small, investors should never be "bailed out".

>>133021853
As long as you prepare yourself for the future, anon.

>>133021170
My belief is that they hate everyone they aren't in bed with or depend upon. Large corps finances their elections and lines their pocketbooks, minimum wage cucks keep them elected.
As usual, politicians can't see past the next election cycle.

>>133020697
>real estate agent here
>title any, and every idiot could get
>lifestyle dependant upon people being confident in real estate
>makes money only when people buy homes
>tells you theres no bubble

do you think we're that stupid and that you have some special knowledge about markets that we dont just because you got some piss easy designation beside your name? LOL

there a huge bubble in Canada and real estate is speculative, no one under 30 wants to buy a home at these prices in Canada at least....let it all burn

>>133021814
i live in Seattle, my mom is putting a condo in belltown (downtown) on offer.

lol

>>133019355
Real story -
In the early 2000's, my boss made $100K a year owning a landscape company. He walked in to the office of a loan company and asked for a loan to buy get in to vacation condo pre-sales in our area for $275K. At that time they had zero asset, zero income verification loans (think about that). They asked him how much he made. He told them $100K a year. They told him we can't do it for you with your income. You need to make $250K a year then we will loan you on this condo. So, how much do you make a year? $250K. OK Mr. P. congrats on your loan. He gets condo. Then, he goes to his bank and they already know he now has a condo, so Mr. P. - would you like an equity line of credit? Sure. OK, here is a check book for $80K. 8 weeks later, he flipped the condo for $400K. Used the check book to by other pre-sale contracts. Did this about 40 times on condos, houses, lots. That shit ain't happening again for the rest of human history. Was insanity. Things were so fucking crazy in 2003/2004/2005. He bought a lot after a Gulf front lot hurricane came down in 2004 for like $350K and sold it the day he closed about a 3 weeks for $500K. These mother fuckers were buying and selling condos 5,6,7 times before they were even built. That period in real estate was like crypto was in March/April/May of 2017. Markets are not meant to appreciate that quickly.

>>133021726
>>133021814
My house was $150k :)

>>133016734
>Rent the house out and use the income to pay for another place.

The Bay Area maybe, any other place and it's a money sinkhole, especially considering who you might end up renting to.

If you're looking for a meltdown don't hold your breath - the global economy has just gone through a major deleveraging. There are going to be corrections and recessions but nowhere near the magnitude of '08 till now. The student loans in America are troubling though - are they really backed by the government? I read that you can't write them off in personal bankruptcy - can anyone confirm this?

>>133021952
think i might spend it on plastic surgery and marry a rich jew.

>>133020697
>Real estate agent here
Means absolute shit. All it takes is 3 easy classes and 1 simple test.
Everyone is a fucking RE agent these days.

>>133016310
This.
I feel the same way.
Poor people disgust me, and they should be allowed to rot & die.
No more welfare!

>>133022051
Here, 150K will get you a tiny shitty apartment in a shitty area of a town with no available jobs. You're lucky, anon.

>>133015874
Not in Asia.
Except Jap, they haven't recover from it.

>>133022113
Just be thoughtful of your choices, anon. Your present choices dictate your future situation.

>>133021999
Isn't that fraud though?

I bought two repo's for cash in 2009. They are now both worth 8 to 9 X what I paid for them. We have eight years of prosperity with God-King Trump in charge.

canada is raising inerterst rates wednesday or some shit. is that bad?

>>133022528
Depends. If the market can handle it, yes. If it can't, then it is a very bad thing.

>>133022445
getting married and having kids is a pretty good gig.

sure, they'll be half Jew, but doesn't really count because Judaism is matrilineal.....right?? right??

>>133022450

Of course not. Why would it be?

>>133022747
Don't base your life off things you've read on this site.

>>133022796
He lied that he made 250k when he made 100k.

>>133020712
I am copywriting what I'm about to type.

I want to create a company, preferably a non profit/ngo, and retrofit these malls and stores in to low income housing. Partner up with local shit towns where the buildings are are and create almost a coop between low income residents where we get a tax credit or to house them and then put them to work in a doing manufacturing/services. You could spilt profits with each City while providing people cheap housing and work for society's castaways. It's fucking brilliant anons. Don't steal my shit. Possibly evil but genius.

File: 1483315968287.png (48KB, 860x650px) Image search: [Google]

48KB, 860x650px

>>133022903

>>133022796
>>133022903
It's finance. Like politics, it's only a problem if things go bad and you get caught.

>>133023026
The cost of what you want to implement would be astronomical. Commercial specs are not residential specs, and cities aren't going to bend on that for anything. You'd be out the money to buy the property (a shit ton), have to renovate the abandonded parking lots (another shit ton), rewire and replumb everything (perhaps more expensive than the last 2 things I listed COMBINED), and then, after all of that, you would need to refurbish the abandoned property.

>>133016080
don't listen to anyone here.

>>133021332
>>tfw 27yo NEET and my mom offered to buy me a house

anything to get you OUT OF THE DAMN HOUSE

I own a small shitty house in the midwest worth about 40 grand that I rent out. Should I sell it?

>>133022450
Everyone was doing it was the problem. As mentioned above, watch The Big Short. It's close. All of that was cleared to some extent when our shitty government bailed all of the banks out aftwr allowing and promoting these practices. It was almost like a way our Government to be able to print more money. If housing prices go up 200% in 2 years then the Gov gets to print more fiat (or digital but it's all the same).

>>133023507
my family lives a state away.

not tied monetarily at all.

>>133019355
top kek broseph

The majority of housing buyers in vancouver will be paying mortgages until they're 60, even if the prices completely halted right now. For all intents and purposes, that is forever and you will be far beyond your youth by the time you "own" the house. It makes absolutely 0 sense to invest in a place here when you could rent for the same or less per month, and have the freedom to up and leave when it gets REALLY bad.

>>133023412

Well the government has quite good track record of funding stupid shit

>>133023510
What's it rent for?

>>133019355
> It's a seller's and first-time-buyers market right now.

Oh fuck off and hang yourself you utter kike.

>>133021999
That basically describes what has been happening in canada for the last couple of years. Except the flippers are just rich old fucking boomers and chinese with foreign money. The people left holding the overvalued hot potato and mortaged up to their ears on historically low interest rates are just regular working class idiots.

We learned nothing, all along people have just been saying it can't happen here, it can't happen here, the prices will just keep climbing and offset how much I overpaid.

>>133023742
Not THAT stupid though. First, he'd essentially have to tear down everything to build low income housing so they'll be to code. Then he'll have to find 'low income' people who's willing to work (assuming there is work). Then we have to assume these people will make enough not to qualify for government subsidized housing (section 8).

The government will never get any of their money back, and neither will >>133023026.

It's cheaper for everyone involved to let those places rot and become a den for transients and addicts. It'll at least keep most of the trash out of the streets, and no one has to pay out of pocket for it.

>>133016086
None of the problems leading up to the crash were fixed. Since banks were bailed out they didn't learn either.

File: 1484583011169.gif (2MB, 660x495px) Image search: [Google]

2MB, 660x495px

>>133017854
Loan officer here

The problem with the crash is the home will go down in value. If you already own a home, that's where you'll be fucked.

Ideally you don't want to own real estate at all when the crash happens. The difference between 4.125% now and 2.625% later is minimal compared to your home losing 50%-80% of its value.

Anyone who thinks there isn't still a bubble is retarded. Homes cost way more than they should realistically be worth.

>>133023412
I was thinking of taking say an abondoned Walmart and cutting 2/3 up in to residents. All you would need is interior walls, plumbing but again this is lower income type rooms. Might could get 500 or so per store. Take the other 1/3 of the already built space that has hvac, roofs, walls, lighting, plumbing later there and create something like a manufacturing space, etc. Charge the residents cheap rent if they work. Get gov tax breaks. It's actual genius. A lot of retail space will sit empty until it collapses after these large companies move out. Why let that go to waste? My boss now makes probably $2m a year. His most wealthy friend buys old Walmarts and turn them in to tractor supply stores and bass pro shops. The problem with this is I see retail ending and things not being able to replace them - hence turn commercial to residential with grants, tax credits, etc. I'm sure the landlord would rather get some rent versus it sitting vacant. Might could even do it then sell it as a product, it's own little efgeceint town almost, back to the landlord.

>>133023510
Probably not. How large is the land? How much monthly rent do you collect?

>>133024520
>It's cheaper for everyone involved to let those places rot and become a den for transients and addicts. It'll at least keep most of the trash out of the streets, and no one has to pay out of pocket for it.
This. Most abandoned malls do house the homeless, and many gang interactions (both wars and deals) happen within there. Nothing like having every productive human thousands of feet away from where illicit activity occurs.

>>133024692
Neat plan, but with one major flaw. Niggers.

They don't pay rent nor do they work.

>>133024692
>but again this is lower income type rooms
You still need to meet building codes, dude. Commercial codes don't match residential codes, and neither match industrial codes (depending on what you want these guys to do).

You're welcome to go for it, but you're gonna need a fuckton of money, and I wouldn't be surprised if you made none of it back.

>>133015874
>no house
check
>no debt
check
>decent amount of liquidity
check
Well i am probably better of then most.

>>133018648
> housing prices aren't in bubble territory like they were in the 00's.

Not in my country. Here's a modest size house, not near the city where you'll actually get work for the low low price of 475k.

https://touch.daft.ie/dublin/houses-for-sale/navan-road-d7/5-villa-park-road-navan-road-d7-dublin-1476298

Oh, and that's Euros, the currency which is on its knees and is being propped up with quantative easing which will lead to higher interest rates.

They learned fuck all.

>>133019081
I wouldn't be too sure. There could be some (((diversity))) initiatives to get loans out for those who otherwise would be turned down.

>>133017075
One word
>derivatives

>>133024520
>First, he'd essentially have to tear down everything to build low income housing so they'll be to code
Don't think so. I live in an affluent beach community in Alabama, but most commercial building codes are far and above the required specs for residential. It actually would be quite easy. Almost like just oiling a bunch of manufactured homes in a large pre built building that is just sitting there with no retail tenants and that won't probably ever get a retail leasee again. It's fucking brilliant. I wish I had some money and a crooked politician or 2 in my pocket. I bet Democrats would fuxking live that shit and eat it up. Take their funding money and turn their shit hole cities in to small, work camps for the poor. All under the guise of helping the impoverished. Fuck, we do it anyways now but allow th to stay in their own places and add nothing of value to society. Why not congregate them, help them, house them, and make them work in a giant pen? Fucking come on anons, let's get rich.

>>133025348
You and I both know that coding varies widely by location.

>>133025348
Do you not have zoning laws in Alabama? Just because commercial code 'exceeds' residential (whatever that means) doesn't necessarily mean they'll meet residential code.

>>133024889
Nope. That's the target resident. Of you house them and work them you know ahead of time if they don't have their rent money. It would be like repackage the welfare system in to something more palatable to us tax payers.

>>133025813
But they don't work. They literally as a species do not do any work.

It's why shithole's like flint michigan happen.

>>133024573
Again, my house cost 150k. Just because a new york box in the sky or cali costal shack is 1 mil + doesn't mean average joe in random suburb of a regular city is overpaying. Demand is high, houses sell within days of being on the market and median price is very reasonable here. Maybe there will be micro market crashes but I'm failing to see how there is going to be an imminent nationwide crash when defaults are low and demand is high.

File: weird-pepe.jpg (115KB, 1024x904px) Image search: [Google]

115KB, 1024x904px

>>133019355
>in this current year of our lord

>>133020262
WWIII: 30 years of darkness

>>133020505
If instead of being a dirty commie you actually did something useful, you would be getting along well

>>133015874
well plus side of that for me is that's when I will buy a house.

>>133026224
Your house is probably worth 25 - 50K in a non inflated debt of horror economic. Lets say that is what I would pay. More? Keep your cuck shed

>>133025645
With minimal effort you could convert them. Think of prefab homes like fema trailers. You could cheaply manufacture "inserts" that do meet residential code. All while avoiding the building costs since the fucking building is already there. No lot accusation costs, no lot clearing costs, no initial building permit fees, not utility taps, etc. I pictured walking in to a Walmart and it being like a field of attached mobile homes. Could even throw them a little "yard" or something. They work there, they live there. Would work great for assembly jobs. Fuck, even sell them basic goods where they wouldn't even need to leave. Only thing I haven't figured out would there would need to be some sort of governance or these places would go full chimp out eventually.

>>133015874
>Are you ready for the popping of the housing bubble?
It's nothing. Get ready for the popping of literally everything.

>>133026736
Watch some of those abandoned malls, dude. Gangs shoot out all the windows, and the water damage due to skylights and the like being shot out are insane. Desperate people have also come in to take the copper wiring and pipes, and they don't really care about keeping things lookign good. You would pretty much have to tear everything down to the beams, and rebuild it.

Please yes. I'm about to buy

File: rubing.jpg (51KB, 419x767px) Image search: [Google]

51KB, 419x767px

>>133027258
I hope you have chosen a loan with variable interests

>>133027784
I'll pay with Bitcoin, obviously

>>133026695
Lol my house is 1500 sq ft brick house with granite counters and luxury wood floors, 20 mins from downtown and next to a state park. New construction is $80 a sqft plus land cost which makes my house worth exactly what I paid for it.

Buy SRS

>>133017075
Currently we're heading toward a few bubbles being burst. Which one pops first, I don't know. But let's hope to god only one pops at a time.

>>133028623
>Lol my house is 1500 sq ft brick house with granite counters and luxury wood floors, 20 mins from downtown and next to a state park. New construction is $80 a sqft plus land cost which makes my house worth exactly what I paid for it.
a rental is like $500 a week here, the minimum wage is about $700 a week

>>133029186
Invest in ProShares UltraShort Real Estate (SRS).

Currently $32.31 and seems to have come off support.

NOV 1, 2008 it was $6742.72

If it is true Millennials and Gen Z cannot afford homes then there is a very high chance that 2000%+ return will happen sooner than later.

Include FED rate hikes, equals tighter lending and if the trend reverses back to lower rates then there will acknowledgment of never leaving the great recession and it would cause panic selling and buying of various assets. The FED unloading balance sheets includes real estate derivatives.

>>133015874
>tfw in Pooptugal and managed to buy a comfy house in the outskirts of a major city for 50k
god bless

>>133028623
Well renting it would be cheaper if one looks 20 years into the future. And yes sir, bubbles have the tendency too pop. Enjoy your life long investment in an economy that demands flexibility if playing according to the rules.

>>133030007
elaborate more and post some archived links at best

>>133029654
I feel sorry for you aus brahs. Everything is expensive. Your landscape looks great and your people seem cool but I would never want to spend a mil to live in melbourne or wherever.

>>133030007
How soon? If there is anything I learned about ultra short funds is that the fees will eat you alive if you sit on it for over a few weeks.
From the way things are looking it may not happen for years.

>>133030523
>but I would never want to spend a mil to live in melbourne or wherever.
i wouldn't do it if they paid me to. fuck that place.

>>133015874
>Are you ready?
I was born for this

>>133016080
You need to rent it out and become a monthly cash flow Jew.

>>133030351
>Well renting it would be cheaper if one looks 20 years into the future
What are you on about? Renting is more expensive that mortgage payments in my city and keeps rising. Plus renting was hell, I never want to rent again in my life.

>>133031168
If one is a cuck when making a rent contract and doesn't take a lawyer to get the best deal, well bad for them. Those who rent have smelled the bubble and try to get some loses back, knowing they will never ROI on their investment. I'll pay 150K max in rent for the next 30 years in a flat that is now probably worth 350K and after the crash some 100K, may even buy it when the land lord looks for a way out.

>>133015874
So fucking ready. Savings are up to 90k and will be ready to buy at the end of the year after moving. Please crash.

File: 19732115_10156301729703362_5408684892467456464_n.jpg (27KB, 612x491px) Image search: [Google]

27KB, 612x491px

I've only got $20k left to pay on my house. How would a crash affect me? Should I pay it off as quickly as possible before the crash?

>>133032084
>sell it too a delusional millenial or boomer
>pay back the loan from your ROI
>Get a lawyer and have him get you a good rent on the countryside
>Look how boomers will try too sell and laugh while they sit on their life investments

>>133015874
I hope its classes after mother gets her inheritance so we can get a convenient nice house in the good part of the bay area. No east bay for me motherfuckers

>>133016460
yeah can we discuss the ending, great movie right up until that point, blame illegals for the housing bubble?

>>133032084
sell it if it's gone up in value and if you live in it for 2 years you won't pay capital gains if your a burger

>>133032084
>Go to bank
>Take money out on home (believe you can get up to 80% of current value)
>Sit on money until crash happens
>After crash, buy up cheap properties to use as rentals (e.g. downtown condos)
>Fill properties with renters
>Repeat using new properties' equity
>Retire at 50
Disclaimer: I am not a lawyer or real-estate professional, and I am not providing any sort of advice, investment or otherwise

>>133019355
>It's a seller's and first-time-buyers market right now
>I was just pretending to be retarded

what are the repercussions to this? I can just buy homes for cheaper?? Yes please.

>>133032652
>still be a lowlife proLARPER that cowers from society

both of (you)

>>133033762
you mean take out a mortgage?

>>133033762
dumbest advice no wonder you have that flag lmao

>>133015874
Yes please.

>>133022450
>>133021999
The Chinese are still doing this in Europe and UK.
Basically a lot of them get loans from Asian/Western banks on their own claims of income in China to buy property in Europe

File: blink.gif (958KB, 631x339px) Image search: [Google]

958KB, 631x339px

>>133034133
yes. also checked
>>133034205
>says dumb advice
>provides no reason why
pic related is u

>>133016086
>Jews will stop jewing people

>>133015874
Yup. I'm looking to invest in rental properties when it does. I didn't have the money '07 - '08.

>>133032084
No, could refinance at extremely low payments. If shit hit the fan, you may need $20K.

>>133024413
I don't know enough about the US situation to comment, but Canada's housing market is in big trouble right now. And it's not just Toronto and Vancouver.

>>133035673
more info?

>>133015874
God, yes, I am. Desperately looking for a place of my own.
>long story short, the rent is too damn high

>>133035857
I can't give stats. It's just my estimation based on the current economy in Canada. We have a government that is hell bent on pissing away tax money to foreign aid, hundreds of millions in excess of the previous administration. Trudeau is failing us badly in trade negotiations with the US. Alberta, which was formerly a reliably strong source of income for the country, is in dire straits due to slump in oil. Trudeau government is increasing tax despite all of this. The Chinese property investors meanwhile cheat on taxes when they live here, and default on their debts when they opt to move back to China.

I just think Canada is on borrowed time already.

File: 1494994476063.jpg (56KB, 1024x768px) Image search: [Google]

56KB, 1024x768px

>>133016086
oh boy i hope you don't ever get an influential role in the world.

>>133015874
Yep, I'm already upside down in my house from the last one. How much more could it de-value

>>133016838
>The problem back in 2008 was oversupply
lol no

>>133028623
same i bought my house new at about what it cost to build.

File: images (39).jpg (3KB, 225x225px) Image search: [Google]

3KB, 225x225px

>>133020794
Thank you for defining 1/2 of how last crash occurred...
>we greedy delusionists now

File: 1491249970999.png (25KB, 669x514px) Image search: [Google]

25KB, 669x514px

>>133016086
>Why would you think there's a housing bubble right now?

He doesn't know about the house crash cycle.

>>133036968
lol, foreign aid was 0.26% or our GDP in 2016; it is and always has been an entirely insignificant amount. Trudeau also isn't increasing it, as much as he pretends he's helping foreigners, he's not actually changing the status quo in that regard.

The real waste of resources is public administration. If you had any idea how inept our government is at managing taxpayer dollars, you'd never pay taxes again. You can safely assume only 15% of your taxpayer dollars is going into productive capital spending in the form of infrastructure, healthcare, public welfare, and military.

You might see money "allocated" to said category, but the vast majority will be wasted on public salaries administrating the "programs" and the cost of producing the legal, regulation, and paperwork behind it. They'll also take years to produce this and meanwhile the permits will sit in empty space. One of the greatest costs of time and money to any business is meeting government requirements - they're often the critical path, the bottle neck.

Government doesn't need to be held accountable. They have a compulsory monopoly on the use of force, taxation, property rights, and the ability to restrict markets.

If all we had was a central bank that conducted monetary policy and no government, we'd see GDP growth quadruple overnight guaranteed.

I'd rather let people keep their hard-earned money and spend it, thereby directly helping the economy, than have the government waste it.

File: images (31).jpg (7KB, 266x190px) Image search: [Google]

7KB, 266x190px

>>133025348
It's called prison
Pay $0.15 an hour to "employees"
Politicians and investors make
10000 Girillions on your worthless corpse

File: 2bc0ff9d3c5c9ea5d04054da6dcedda663edb053.png (79KB, 463x487px) Image search: [Google]

79KB, 463x487px

>>133025839
Delete this

File: images (34).jpg (11KB, 268x188px) Image search: [Google]

11KB, 268x188px

>>133040040
>hey among are these sic digis???

File: 1499142350941.png (250KB, 435x453px) Image search: [Google]

250KB, 435x453px

>>133015874
its going to be bad going to be funny watching the boomers get mad though

File: images (22).jpg (7KB, 376x134px) Image search: [Google]

7KB, 376x134px

>>133025839
>PSA

>>133020794
Why the fuck would you pull out the equity? All that does is make you now pay interest on it with a new loan for the higher amount that it is now worth. Sure, you'll have that money in your pocket, but you'll also now have a loan for twice what you paid for it before. They probably would only let you pull out 30% of that anyway.

>>133043156
Equity is wasted if it's just sitting there. It's better to pull the equity out and use it to purchase more rentals. The numbers have to work, but in most cases, you're clearing 15% cash on cash on rental properties, so a 5% loan to pull out the equity makes sense.

I usually only leave 30-35% ltv in equity and pull the rest out. My rentals all cash flow well, so this isn't an issue. The rental market isn't as vulnerable to economic downturns. The only reason people lost out in 2008 is because they were renting the homes for roughly the same as their mortgage payment and praying for appreciation.

>>133015874
I am so fucking ready holy shit. I have been working for the last 5 years at building my business and am looking for a house to buy - To live, not sell. I can't fucking WAIT to get a sweet fucking post-crash deal.

>>133017075
what the fuck do you mean? the last bubble was cause by housing and no one here is saying it will be the cause again but it will be one of the hardest hit sectors. look for massive student debt default probably next presidential election if a sanders type gets some steam. also, tech is ridiculously speculative now. things are moving too fast and stuff get's sucked under too easily. google and facebook are rolling around on the floor and screaming because they can't import more pajeets to lower wages. guys are making way too much money doing basic shit in a lot of tech companies. just like the dot com bubble.

>>133026471
this. when it pops, you might languish in the country and if you're in a metro area, you gonna get nigged.

>>133016086
You should go ahead and kys, its obvious you dont belong here

>>133016813
I did that for like 6 months, then moved to an RV.

>>133018288
Holy shit that thing is smaller than my $30k RV.

If you're buying now in order to become rentals i.e.ROI..take care, depending on the area you could be getting in at the top and your income may not cover the mortgage.If there's an economic turndown..yes, it could be bubble like.

>>133045991
Yeah that guy above is going to lose everything. It's good though, the more people losing everything, the faster it gets us to the resolution.

>>133022105
There's no way to get out of student debt except for death or total total disability. It's the only debt in America like that. Jews have their libtard pets by the balls

>>133022051
Me too. I live on a beach