CHEAP HOUSES INCOMING

>>138795549
Low supply = Less sales. If anything, prices may go up not down.

>>138795549
The prices will rise again.

Prices have been steadily rising

>>138796181
Soros has been actively betting against the market for the past six months.

You know better than (((them)))?

>>138796709
We know it from the June filing, so I say only 3 months, not 6 months.

>>138796709
How do we make money?

>>138796111
yeah, but the trick is to get a house during a dip.

i might be gearing up to buy a house in the next few months.

>>138795549
>Low sales
>IT'S HAPPENING

That doesn't tell shit about the demand or the offer.
Does it plunge because not enough offer (in that case, absolutely zero happening), or does it plunge because demand plunges ?

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>>138795549
Australian housing market is about to get JUST'd

>>138796841
Invest in Trump.

>>138796841
Since you are asking, I'll assume you don't have the money to start shorting, so start pocketing it in gold or silver instead.

>bought house 6 months ago
>every site appraisal site says it's worth $25,000 more

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>>138797475
>pocketing it in gold

Good luck

>>138797694
SELL SELL SELL!!!

>>138795636
> US housing market
> low supply
anon, I...

>>138796879
>trick is to get a house during a dip
So long as interest rates don't jump. Though given that rock-bottom (and even negative) rates are all the rage in central banking, that doesn't seem likely any time soon.

>>138797769
Physical gold, my negro. When the USD collapses, gold will be off the charts

>>138797876
>So long as interest rates don't jump
Ready for 18% 1990 rates? Most people can't afford a 10% rate

http://archive.is/9ICjP

>>138798075
When the USD collapses ammos and guns will be off the charts.

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Toronto house prices in free fall

>>138795636
Low supply? Have you seen all the homes and condos that have been built in the last decade?

>>138795549
>unexpectedly
Hasn't anons here been predicting this for at least 2years now or more?

>>138798479
That only goes to Jan. They're down further since, but still up on June-June by a few percent.

>>138796841
Crypto
Gold
3x Bear ETFs

>>138797041
It's obviously plunging because literally no one can afford them and so they by default are worthless until they're economically viable for more costumers.

So it's not really supply/demand as much as it's "this shit is way too fucking expensive jesus holy ghost fucking christ"

>>138798756
The main thing is that prices are crashing harder and faster than at any point, even when the toronto bubble in the late 80's popped, when that happened prices continued to fall for 7 years and it took 20 years for prices to recover

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>>138795549
Oh my god do I pray

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It's fucking lit, senpai

>>138797876
I've been saving for 4 years, and can afford half of a decent house right now. I don't give a shit if the rates shoot up, because I'll be self financing at least half.

>>138796709
I wonder if he can call some of these options a loss against his massive tax burden coming down the pipe.

I wonder if he found a way to profit on the other end...

>>138798075
Good word of advice, if they're advertising it on cable news...it's *PROBABLY* a bad investment.

I'd put my money in gold mining companies regardless though.

>>138798156
That's not a 10% rate, that's a 10% increase off of the 3-5% they're paying now. So they're saying they couldn't manage 6%.

I await the double witching when Canadian real estate and the loonie both collapse, letting me buy comfy lake houses for pennies on the dollar and live off fat hog walleyes forever.

>>138795549
BUY THE FUCKING DIP

>>138798658

Yeah, but desu, I wouldn't seriously listen to half the shit you see here. The housing market is common sense, but people say all sorts of wacky shit.

>>138796709
He lost a like, 3 billion just 8 months ago...

>>138798979
That's supply and demand at work. The prices are out of equilibrium and destroying houses makes property nearby LESS valuable, so prices will go down eventually.

>>138795549
cheap houses after total collapse but in reality the fed is just going to print money and allow investment bankers loans to buy up all the houses and then package the mortgages to be resold as securities making even more money

>>138797293
I get it, but in many ways the price of a house is immaterial -- what matters is the payment.

So a guy back then making an income inflation-adjusted $1500 payment is the same as a guy now making the same payment, independent of what the sale price was logged as.

>>138797041
New housing is being constructed at an incredible rate right now.

t. construction worker

>>138800314
this

>>138795549
Will my Bitcoin be okay?

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Pulled avg Toronto house prices since the start of the year. I might go tomorrow and trace it over a few years, just to see long term trends. Picked the larger regions to not clutter the graph completely.

>>138800638
no lol

>>138795549
>2008 housing bust
>people rent instead of buy
>better build more houses
>????wtf is happening noone is buying?????

I hope the housing market gets btfo so hard people start to realize the banks are run by a bunch of kikes that hate Americans and the market exists to fill pockets and not provide people with goods and services.

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>>138796709
>>138796709
> bin saying...

>>138796709
people are paying their mortgages though and most houses being sold are investment properties.

>>138795549

>implying the (((banks))) wont buy them all up and sit on them

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is it going to affect bay area too?

>>138795636
No, more supply = less demand = lower price

>>138796181
Yeah since 2008, but currently there is a construction boom.

Buying a home right now. First ever. Just locked in my interest rate. Here come 6% rates kiddos

>>138795549
Have they written any articles shitting on and blaming millennials for this?

>>138802647
Why dont millenials just work harder and buy a house?

>>138802647
Yeah they already did, blaming it on lack of household formation.

>>138802860
Cause mom's house is free!

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>>138795549
The US is so fucked up since people try to make houses an investment instead of just a place to live.

>>138802860
Even at 80k a year housing is unaffordable anywhere near a major city.

>>138798075
Are you going to trade your gold bars for food?

Buy guns and ammo = take food for free

>>138803331
If anyone attemps a trade of gold for anything, they'd be marked and will be robbed/dead within a month.

>>138798479
i have never heard anything good about Toronto. surely there is something

>>138803266
TELL ME ABOUT BANE

>>138802860
>why wont millennials work 60 hours a week for a 40 hours a week salary that hasn't increased in 20 years
Fucking jews. The real reason millennials are constantly shit on is because we aren't falling for the jewish tricks that boomers fell for.

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>>138803266
>>138803511
WHY DOES HE WEAR THE MASK?!

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>>138795549
Be warned that prices are still surging

>>138803639
Yeah that's because the bottom dropped out.

>>138803451
this

Most people who bought a starter home 10-15 years ago are staying put rather than leveraging their equity to buy a bigger/nicer home.

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>>138803549
they are still falling for Jewish tricks, just a different combination of Jewish tricks
for example: vidya, education, cars (that have been crashed 999 times), drugs, porn, twitch, travel to PCB SPRING BREAK 2017 WITH CHAD and other hedonistic shit

>>138803639
even old houses are going up in price. at least in bay area.

They need to build cheaper homes im not paying 300000 for a house. ill die in my parents basement

>>138804201
move to vegas. you can buy a condo for 50k

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>>138803958
>upper class

>>138803958
Well women can't be helped, they're low IQ emotional animals.

But a lot of those things, for men, are because with acknowledgement of the Jewish tricks...what else do you do with your time?

>>138803266
Earn more and/or don't live near a city. Any more non-problems bothering you?

>>138802626
Retard, in 6 mos (after the crash) you probably could have bought the same house for the down payment you just plopped out.

>>138795636
American Education can't into economics.

U.S. House Sellers lose out on sales, meaning excess supply based on prior outlook. Houses take a while to build, so the houses that are going to be sold in a year or three are just being built.

Excess supply results in prices being lowered.

>>138804785
>hurr durr people only buy new construction

>>138797475
>>138798075
>>138799572
>>138798894
Honestly, if gold was such a good investment, why there are so many companies trying to sell it?

>>138804785
Economists can't even into economics. You think they would know how to work the system to make money, yet most just end up teaching.

>>138804404
I've already got a solution to that myself, but most dumb hipsters can't or won't figure it out, which is why they're getting squeezed.

>>138797867
its true, boomers own like 55% of the homes in the us and not many are selling. And contractors dont build cheaper homes.

>>138804404
>Earn more and/or don't live near a city
good luck making 100k working on a farm dumb faggot

>>138798199
Naturally. Anon should already have guns, ammo, food/water, medical supplies, and survival gear as a matter of course. This is for where to spend the extra money.

>>138803331
>>138803451
See above. Gold is not for use during SHTF. It's for after. Economies spring up extremely quickly, and the most likely course of action for nations following fiat currency collapse is a return to at least a cucked pseudo-gold standard. Gold always retains its value, because it is a real and scarce thing. There's a reason it was used by so many civilizations as a money for millennia.

>>138805166
If it's such a shitty investment, why do central banks maintain gold reserves and buy up gold by the boatload? It's because they understand their system of monopoly money cannot last, and when it crashes, precious metals will be the only source of real stability.

>>138804312
exercise, take trade school classes at a community college or something STEM/work a job that isnt garbage, read a book, cultivate relationships, travel cheaply for non-hedonistic reasons

that said it is often easier and more pleasurable to stay home, masturbate, get drunk/high and play vidya all day. And i cant blame most guys for doing that - the temptation is huge

>>138796841
Buy gold if you want to maybe make a little money. Buy cryptos if you want to make fucktons of money from the collapse of the US dollar.

>>138806374
> tfw probably only person downtown Toronto with guns and a stockpile of ammo in a condo
Shit is going to be cash

>>138795549
we build houses here out of mud for free amerifags

>>138806374
>It's because they understand their system of monopoly money cannot last, and when it crashes, precious metals will be the only source of real stability.

Bottle caps.

>>138806649
>collapse of the US dollar.

Because every other currency won't be affected?

>>138806538
>No one has the money to do anything
>Well, all you have to do is pay for school, pay for women, or travel the world
Hmm...

>>138806886
I'm sure other fiat currencies will be affected to varying degrees, but the OP was about the US housing market so that was what I posted about.

>>138797867
he's right, you need to do your research. Available volume of homes is at 1/3rd to 1/4th of normal levels in most desirable areas of the U.S.

This isn't the popping of the bubble, this is where the bubble begins to get really bad.

1 million for a shitty home in Vancouver bc. trust me it will crash again

>>138804749
HAHAHAHAHA keep dreaming

>>138797867
It's true, inventory is low. Not because we don't have enough house built but because people are sitting on them not selling.

>>138795636
>low supply of homes in america

anon, i... think you're retarded

>>138795636
Depends on the area and state here is shithole southern cali there is very low supply prices are insane, but say somewhere like TX tons of new builds nothing is selling lower prices.

>>138799696
Buy the crash not the dip

>>138801410
Smells like communism

>>138799279
Same here my nigga.

20% downpayment means ur housing appreciation was just the interest u paid to the jews

50% downpayment minimum or forever be a wagecuck

>>138795549
>(((unexpectedly)))

>shitty plywood boxes are the backbone of The US economy
you CAN'T make this up

To a lot of dipshits in this thread, new house sales mean brand new house sales...

>>138807574
>Turning down a low interest loan that can be reinvested in a variety of ways

It's like you actually think liabilities matter and equity and cash flow is all that matters.

>>138807792
you import 1 million every year
shouldn't they be making more homes?

It's all going downhill because the cock suckers make getting a home loan HARDER each and every day. Fuck them... All this bullshit just to buy a goddamn house.

It's fucking pathetic and I almost gave the fuck up. BUt I wanted my house.

Don't even get me started on credit scores. That shit right there should be abolished. THe credit scoring system is a damn joke. It's no where near accurate.

>>138802860
Millenials are making plenty of money. They just waste it on frivolous crap. I mean holy shit, every Millenial out their has Ikea furniture, an iPhone and a bag of avocados in their kitchen. You'd think Millenials with their Baby Boomer parents would have learned a thing or too about living frugally to build wealth. Doesn't seem to be the case at all.

>>138795636
please be bait...

>>138807359

I'm literally waiting with money in the bank to buy a house since there are so few becoming available in the areas I'm looking in. Any time something that isn't shitty pops up there are a dozen offers on it immediately.

>>138807840

Not to mention tax deductible interest.

>>138806649
But how would you use crypto if fiat collpased?

>>138799192
I pray every singe day

>>138808509
Buy stuff with crypto directly. Within the next year or so you are going to see a lot of payment options open up. Just wait until Amazon accepts Bitcoin.

>>138795549
>unexpectedly
We've been anticipating this for a year now.

>>138797475
How much in pounds/dollars, do I need?

>>138808625
>if fiat collpased?
>Amazon

Anon, Amazon warehouses will all be looted. There will be no Amazon. And so would all shipping cease.

>convinced parents to sell an income property for 1.15M in march, which they purchased for 650k in 2012

I will be getting a lot of gbp for this

>>138807840
>>138808415

and buying points to increase tax benefits while saving money on long term amortization

>>138808625
So crash happens,
Markets tumble
Neo-2008 scenario
That means
>Crypo goes up
But legitimately how do we extract that enriched value of crypto if the bankers refuse to accept it? They are working on their own blockchain tech, no?

Or will crypto only be traded on limited bartering markets. I mean Amazon is sweet, but i can't pay the rent with it.

>Not knocking crypto, want to know in a crash, how is it's increased value in that situation, realized. Will exchanges still exchange it for the greater fiat it will command? Why would it command higher fiat if the crypto user has limited usage options? Do we hope the usage options increase to give it better transferability?

>>138808977
The STATE of you you absolute Carney causing carnage to my UK house prices.

>>138807783
it's not the boxes.

it's the land they sit on, and the liens held against that land, along with surface rights.

the pine box is just the icing on the cake.

>>138808568
>I pray every singe day
You don't pray five times a day?

>>138809034
>They are working on their own blockchain tech, no?

If there was any reason for them to engineer the crash it would be this. Banks premiering a blockchain tech during a downswing would be a good way to hook in normies to a sandboxed crypto.

>>138808896
If we are talking societal collapse levels of SHTF then the only investments worth buying are food and ammo. I was going off the assumption made by >>138809034 in which case there are a variety of ways to sell your crypto either for fiat or for goods directly. Most of crypto's value is in speculation, not applicable usage right now. There are only a handful of coins that will survive in the long run, and ironically bitcoin probably isn't one of them despite being the first and the biggest. It just doesn't do anything that other coins can't do faster and cheaper. People are buying crypto mainly as a store of value or because they expect it will increase in value.

>>138808020
>credit score is a joke
yup. thats the whole point. It marks those who obey rules that dont even make sense, aka how much of a sheep you are. I don't use any credit, but pay all of my bills. My credit score is nowhere near as good as If I got some arbitrary credit card, used that to pay my bills, and then payed the credit card off every month. In other words, if I added an additional needless step in financing my lifestyle. Its a retarded system which I hope collapses soon

>>138806893
-community college here (TN/north Georgia/Alabama) can be payed off with a minimum wage job
-if you're spending lots of money on women you're doing it completely wrong
-and i said "traveling cheaply" which implies one or two cheap vacations a year, obviously only if that's within your budget

all that shit can be done for less than the price of drugs, cars, houses, phone upgrades etc.
the whole point i was making was that millennials still fall for Jewish tricks

>>138809397
2021 is when the great war starts.

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>>138800688
Price drop when?! You goddamn motherfuckers! I'm trying to buy a condo in Richmond Hill and nothing's gone down, it keeps going up! Fucking persians getting 3 mortgages, rot in hell you fucks.

>>138807245
we'll see friendo. I haven't bought in 6 mos for that reason.

>>138809586
It's ingenious because the best goyim will fight to defend it. They make use of cheap loans and don't want to pay nigger rates.

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>>138809768
Patience anon


Also I expect you at TIFF to greet Shia laCuck. See you there.

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>>138795549
huh...

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>>138795549
Noice.

Let's get Antifa labeled as terrorists, official white house petition here:
https://petitions.whitehouse.gov/petition/formally-recognize-antifa-terrorist-organization-0

Let's also get George Soros what he deserves for financing violent domestic terrorist groups:
https://petitions.whitehouse.gov/petition/declare-george-soros-terrorist-and-seize-all-his-related-organizations-assets-under-rico-and-ndaa-law
Sign and share please!

>>138800314
This. Flooring rep here ... If this shit happens I'm fucked. I seriously don't know what to do... I just had my first son. this is the closest thing to stability I've ever had. What do I do here? All I know is construction. Interior ... Exterior, renovation etc. I only don't know plumbing and electrical. On the books that is. So how the actual fuck do I make that knowledge recession proof?>>138800638

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>>138807783
Ok fags listen up. You don't "own" anything if you have to pay goddamn property tax, school tax, insurance, etc... The only way you're going to make out investing in property is if it returns more than anything else you could be putting your money into.
If you can get a loan at 3.5% but fix it up, amortize the improvements / repairs and rent it out for 15%, by all means do it.
>unless you can get 33% in bitcoin/stocks etc... then do that instead. All you rich dad poor dad faggots need to understand the underlying philosophy behind the saying "multiple streams of income".
>>138810123
Hey see the drop at the end there cockblade?

Please, I need a crash so fucking bad

>>138796841
buy the dip

>>138806199
Checked, 1% of millennial will somehow make this happen. The goal is being that 1%

>>138810902
Just starting to generate enough to invest, I have no idea where to put it though. Crypto seems like its no longer the magic horse it was

when the crash happens, what jobs do you think will become the most important?

>>138811989
Diesel Mechanic, any trade job most likely.

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>>138811989
Road Warrior

>>138811989
Assisted suicide agent.

>>138795549

New houses are garbage.

>>138812046
>trade job
>in a crash
???

>>138811989
Soldiers

>>138812638
>Not understanding that diesel trucks will be the last thing to stop functioning

If those trucks stop working because of economic crash its time to go innawoods

>>138798894
I'm damn near frothing at the mouth trying to hold out a bit longer before buying 3X shorts. I'll be glad when I profit from a crash but I'll be even happier when the boomers getting ready to retire lose a massive amount of their 401K. Hopefully most of them end it all so we don't have to continue paying taxes to keep them alive.

>>138811783
im personally skeptical of that shit, but if you can get in on an (the) upswing, more power to you. I've always found weird shit with little competition and no barriers to entry like storage units and private financing. Most of my money is in ETFs for the next few mos though. It's worked since the 09 crash, but I could be totally wrong. Good luck m8.

>>138812811
Generic trades, not specific ones I mean.

>>138802368
I hope so. I'd love to be able to buy something other than a trailer or condo.

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>>138813047
I think the same honestly, but it won't matter because I just started a half decent job. I wont have any substantial money to invest until the end of this year. Whats a good starting point for investment funds? I.e whats not a waste of time like a minimum of $5000?

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>>138802368
>tfw the monthly mortgage is almost 20% of my post tax yearly income and I am waiting for the crash to put down 30% or more in a condo that is ~200 sq ft. bigger with a second bedroom.

>>138803331
https://www.youtube.com/watch?v=Nn3PQJ9PHLY
Is this you?

Where is the pent up explosion of economic activity that was implied to take place with the election of Donald "God of Frogs" Trump

Where

>>138813997
Stock market has exploded since he was elected. He (and all his cronies) have taken way too much credit for muh dow increase. They are going to regret that immensely when it all comes crashing down.

>>138813342
I honestly can't tell you man, all this shit is due for a correction, but if you keep an eye on current events, you might be able to absorb the gains on something, right now anything, until it tanks. All I know is get out at the first sign of flaccidity.
If I were you and I (you) happened to have a shitty part of town nearby, I'd put it in a S&P ETF, provided things are still working by the end of this year, and then buy a rental property or 5 - income generating properties provided mortgage rates are still reasonable. There's always many variables, and I'm only saying this because it's worked for the past 10 years, not claiming it will continue.

>>138795549
"Unexpectedly". Business majors are idiots and trend followers, they can't think outside the box

>>138814339
absolutely fuggin agreed.

>>138814555
>I'd put it in a S&P ETF
You are fucked in the head if you put your money in any ETF related to the S&P that isn't a 3X short. SPXS or SPXU.

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>>138795549

Oh sweetie, you're betting on a housing crisis under president real estate investment billionaire. That's 100% sweetie.

>>138814751
im moving it all there in a month or two.

>>138814339
>regret that immensely when it all comes crashing down.

Not if he manages to blame it on the leftists.

>>138814918
Trump has liquidated when he became president, he's in mostly cash.

>>138815373
I wish nothing but the best for you anon! I'm not exactly a poorfag since I was able to survive the crash of 08/09 but I didn't make much during that time either since I started out the downturn living in my car. I am fucking prepared this time around. Lets make some money while the boomers lose everything!

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>>138795549

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>>138816503
thanks, and agreed. I have been watching this shit happen my whole life, and learning from historical examples as well. This time around, i hope to be prepared. Best of luck to you also.

>>138809768
>Townhouses on Yonge street going for 1+ mil
Market is a joke. People going for 25/30 year mortgages.

Also where are we on re-jiggering the unemployment rate to better reflect the real economic conditions out there because I don't know anyone in the right mind (save for election officials) who think the actual unemployment rate is below < 5% as the government and media would have use to believe

>>138818868
>muh workforce participation rate

>>138818868
Real unemployment/underemployed is close to 30%. There are millions of potential kidnappers/assassins/mercenaries/psychotic rampage massive casualty killers out there. Millions of non private security having Americans are going to die a violent death in the near future.

>>138802860
Still too expensive, millennial have to work artificially harder.

Boomers had to work 1/4th as hard to have the same things.

Everything about the price of assets like houses is completely fake, our economy is so centrally controlled that in order to do well you have to understand how much of a scam the economy is, just working hard will put you on a never ending treadmil.

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>>138795549
Good. I'm just so ready for this housing bubble to pop so I can finally move out of my parent's house to rent or possibly even buy a home.

This American idea that housing is a get rich quick scheme and an investment that has to go up, up, and up is wrong. People need places to live.

>>138820094
Blame the boomers.

>>138795636
too many houses are in foreclosure here in the west coast

im not sure if supply is low, or people just can't sell them because the asking prices are ridiculous

>>138796709
he bet against Trump too lel

the old jew is not invisible

>>138795636
They are nailing down homes and condos as fast as they can here in Denver.
Low supply my ass.

>>138795549
That's just new home sales, existing home sales are steady.

In reality it reflects a downturn in new section eight structures,

>>138820094
noooooooo chicom billionaires need places to spend their money

fuck our children lelellelel

-boomers

>>138809586
THISSSSSSSSSSSSSS

it's just another jew trapdoor

>>138795549
Thank God, I'm about to buy a house very soon

>>138795636
Jesus Christ you are stupid, please KYS ASAP