Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

844

(post is archived)

[–] • 6 pts

The house I bought 3 years ago is double its value currently. I'm going to try and sell right before the burst, but I'm guessing so will everyone else.

[–] • 1 pt

Where will you live?

[–] • 2 pts

In Doxxington, State of Doxxahoma

[–] • 1 pt

lol...

I mean unless you plan on renting or living in a van, you have to stay somewhere until the market hits the price point you want to buy in at. If it even does ever go down.

[–] • 0 pt

Just remember that game is rigged as well. Your next house has to be purchased at $1 more than what you sold your home for. If you don't you're going to get hit with a capital gains tax.

If you're going to want a larger home you should sell for a lower price, not a higher one. Then when the market crashes (which it will) you'll be able to get a home valued higher and you'll spend less to do it. (saving on taxes).

Real estate is one of the largest scams there is. Which is why pukes like Trump do it.

[–] • 0 pt

Wow.

[–] • 3 pts

I honestly thought the bubble would burst back 3 years ago. If I hadn't bought anyways, I would be screwed today.

[–] • 0 pt

The house I bought 3 years ago is double its value currently

That's incorrect. The value is unchanged, your money is worth less and so the price tag has gone up.

[–] • 5 pts

No one can say for sure. Part of the issue this time is inflation, inflation can possibly keep these prices inflated.

[–] • 5 pts

If these a holes are right people dying of vax will be a big deflationary force... It's like Thomas Jefferson had a crystal ball and saw agenda 2030s plan to have you rent everything.

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs"

[–] • 1 pt

Yeah, I might just go ahead with it, as you say who knows.

Been waiting for gold to soar for 20 years now. Amazing the can kicking they can do.

[–] • 1 pt

waiting for gold to soar for 20 years now

Gold is bleeding out into Bitcoin. Gold is going to stagnate at least until Bitcoin reaches a stable price in 10 or so years. Even then, it will probably be another 10 or so years before gold starts to perform again.

[–] • 1 pt

It's an easier choice if you have property you're selling when you move. Y might be paying top dollar but at least you'll get top dollar when you sell too.

[–] • 1 pt

Yeah, unfortunately I'm renting.

My son had purchased five acres and began to develop it when he decided to move to something already done, he did get top dollar for the land, worked out well.

[–] • 3 pts

The real question is how many will die of covid vaccine

the plan has a timespan of three four years....

[–] • 1 pt

My 2 cents.

They are going to simultaneously.

-raise interest rates so that few can afford the payments -nationalize foreclosures -crash the stock market -erase savings through stagflation. Middle class won't have money to buy homes.

[–] • 2 pts

Don't forget that jew owned investment firms have been buying all the starter homes they can at prices that starting families can't compete with.

[–] • 0 pt

All with those inflated aka stolen dollars

[–] • 2 pts (edited )

They tax so much of the economy if they wanted to kill inflation they could just take some of that income tax and just burn it.

So inflation could skyrocket housing prices, but they could bring the value back down if they wanted to.

[–] • 0 pt

Forced saving schemes are for purposes of burning Fiat currency to keep inflation down

[–] • 1 pt

People aren't working, or going to places and buying stuff, yet most people's lives are still "normal". If that doesn't show the government already taxes, basically everything, I don't know what else will.

[–] • 1 pt (edited )

As inflation goes up rent prices go up.

As inflation goes up, your effective mortgage payment goes down.

Question: do you think inflation is coming? If it is coming, you should buy regardless of if the market is hot or cold.

Also: at 3% interest rates its pretty much free money to borrow. Rates this low are so unbelievably unheard of. it's a truly a once in a lifetime opportunity. Why do you think everyone else is buying and driving prices up? Rates have literally never been this low other than in the great depression

[–] • 0 pt

Yeah, that's one good thing.

[–] • 0 pt

Inflation is here already buddy. 50% monetary inflation

[–] • 1 pt

I totally agree with you, just phrasing that way to cover all cases.

[–] • 1 pt

The inflation we're seeing now will make it unlikely that housing prices will burst. What's more likely is that it eventually flattens out and remains stale for some time.

Most mortgages these days are fixed rate, meaning even if the feds change the prime rate, their mortgage rate does not change.

If someone's mortgage payment remains the same but all income and other costs rise due to inflation, the mortgage will be a smaller overall % of their overall liabilities and thus easier to afford.

In addition, there are hundreds of new laws and lending requirements to prevent borrowers from obtaining loans they are unlikely to pay back.

Meanwhile, rent changes every time a new lease is signed. What will happen as inflation raises costs for landlords?

[–] • 1 pt

It depends where. Some market will not collapse and will continue to grow due to demand. Especially in areas where people are moving to en mass.

[–] • 0 pt

Yeah that's true. Maybe that's why prices here in Texas are so high.

[–] • 1 pt

Collin County is out of control!

[–] • 1 pt

Ah, that's an uptown area right there. Homes in Galveston are same, way way up.

[–] • 1 pt

I sold in October 2020. It was a foreclosure that needed a lot of work but it was in a location that I was familiar with. It took 5 years to renovate it and I did all the work myself. I made some money off it and have looked at a few places since. There hasn’t been anything out there that’s even remotely worth what they are asking. I’ll wait it out for a year or two. Either prices will go down or we will be balls deep in some apocalyptic scenario.

[–] • 0 pt

I know, it's crazy. Like I had mentioned, the property I recently inherited (but had to split) was just one acre (developed though) and it sold for almost $100,000. And it's flooded twice lol.

[–] • 0 pt

Start learning how to fix up places. Idk how people can afford to hire out renovations.

[–] • 0 pt

I know, but I'm tired of it, I'm almost 66.

[–] • 1 pt

Based Chinks are buying up houses like crazy...I hope they invade us, and take care of the nigger problem

[–] • 0 pt

They will likely serve them in their restraunts.

[–] • 1 pt

Not even Chinks will eat niggermeat

[–] • 1 pt (edited )

Rent. Don't expose yourself to that kind of volitility, leveraged, at that volume. The idea that a house is a good investment fails to recognize how many alternative better investments there are. There is one reason why it makes sense. It's because if instead of paying rent you can accumulate net worth, that's a smart thing to do... but this current environment makes it risky. It's your call on whether or not the risk is going to be worth it, but in general, if the risk is substaintial (as in possibly ruinous) you don't do it no matter what gains are expected, and I'm not even sure it can be said that gains are expected at all.

I did some things others would call risky in crypto and it worked out for me. The difference is that if I lost a chunk of my money I had a job and would still have zero debt. It was zero substaintial risk. For a home you could actually end up underwater. I had zero probability of that. That's the irony of people too afraid to do crypto but willing to buy a home in this market. People's sense of risk is dictated by what they associate with risk rather than any objective thought. They think traditionally buying a home isn't risky, when in reality it definately is.

If someone does buy a home because avoidence of rent still makes sense to them, I would buy the smallest home I could manage to live in even if I had the money for more. You can throw your excess income into a more thought out investment instead. Then you aren't paying rent but you are minimizing your exposure to a market no sane person would want exposure to unless they were actually seeking real estate exposure (because they think they know something). But even the smallest homes people can find are still at a scale that I think it doesn't make sense.

Rule of thumb. If you had 50% odds of doubling your money in a year but face a 5% chance of ruin, you don't do it, because the entire point of money is risk management. The more money you have the less risk you have in your life because you can use money to solve problems. It's all actually a risk calculation. But if you failed to double your money you still wouldn't be at any significant risk, but if you go with it, you now do have risk. Do you see how on our final metric of value it doesn't make sense.

So at 5% of real risk (you're fucked) the expected gains needed to justify it are well past 100% APY. They say you need to accept risk to get reward. One, I would argue that is lazy thinking. And two, usually the smart people who make that calculation segregate risk from substancial risk (the kind that can actually fuck you), and only trade risk of loss (that wouldn't fuck them) against gains. And even then they work very hard to minimize even the non-substaincial risk.

[–] • 3 pts

A home IS a good asset and investment if the mortgage can be realistically paid off and unlike rent, inflation makes a mortgage easier to pay off. Renting during hyper-inflation if it happens will not be a good idea.

Problem with buying homes is that everyone buys beyond their means and then complains about being a slave to jew bankers for 50 years.

[–] • 2 pts

You said what I wanted to say better than I could say it.

[–] • 0 pt (edited )

Yes, but low interest rates lead to homes being over valued. Resessions lead to them having less valued. We are at about a low of a real interest rate as we can get, and so if we were to transition from that to resession the change in value is risky. I honestly have no clue what equity OP would be bringing into the picture or what area he's buying in (and thus how expensive), but if he's bringing minimal equity into an expensive home (in some areas that is the option you have), that does have real risk.

I 100% do not believe buying a home to not be worth it in all cases. I just want to counter the assumption it always makes sense and present the type of risk involved and how in many cases the risk to reward ratio really doesn't make sense (everyone's circumstance is different). There was I time I would have said the opposite, that paying rent is always stupid if you can avoid it. But current times make it less than 100% straight forward.

[–] • 0 pt

Thanks, great info. Yeah I remember waking up to "a home isn't really an asset" or good investment.

[–] • 1 pt

Typically for every 1% increase in mortgage rates, buyers can only buy 90% of what they could at the lower rate.

But I wouldn't bet on prices going down anytime soon because people still aren't moving around like they used to in a hot economy. If prices are going down in an area, it's probably because no one wants to live there anymore.

Load more (13 replies)