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Seriously, im thinking wait out the recession and go from there, because right now prices are still too damn high

Seriously, im thinking wait out the recession and go from there, because right now prices are still too damn high

(post is archived)

[–] • 6 pts

Home invasion is your best option

[–] • 3 pts

He'll, in some states you can move in and squat at someone's house for months before they can legally kick you out.

And CA recently extended their moratorium on collecting rent, so there are renters who haven't paid their landlord since 2020.

[–] • 1 pt

You think that's crazy, you should see how many people successfully steal houses through deed fraud. The worst part is that once the deed is done the law is on their side. You can't get your house back.

[–] • 1 pt (edited )

Fuck dude a while back there was a story of some guy having his entire house stolen. https://archive.ph/v8cyt

[–] • 1 pt
[–] • 3 pts

Now might be the worst time in history to buy a home.

We are due for a major market crash in the coming year—possibly the largest crash in history. The housing market will be a part of that crash. I know a few people who bought their first home recently and I expect their mortgage to be deep underwater a year from now.

I know inflation is running hot, but during a market crash the US dollar always shoots up in value compared to everything else. A year form now there will be plenty of people eager to take your money if you have any.

[–] • 0 pt

the US dollar always shoots up in value compared to everything else.

But will it do this NEXT time. Unprecedented times my friend.

[–] • 3 pts

My area has seen a 20% downfall in last 30days and it's picking up speed. I'm personally waiting and if all else fails I'll go find and area far from society and just claim land like the old days

[–] • 0 pt

You have to understand that economic forces are immense.

Pressures to crash prices but also pressures to massively raise prices because we are in the beginning of an hyperinflation event.

[–] • 1 pt

Pressure in my area pushed for heavy influx of California's with cash to buy and that they did. Whatever home was add 50k cash on top and it was gone same day as listing was that way for yr and half straight. Hyperinflation will crumble an area that gets this way ever 10 years. Colorado is known for tanking economic conditions every 10 years and so many lose there shit and kill themselves. I live in Mesa and it has the highest suicide rate in all of us for a reason.

[–] • 0 pt

In the long run, housing prices are tied to wages, not inflation.

[–] • 1 pt

Nope dead wrong. If you are capable of accepting being wrong ill showehyin this case

[+] [deleted] • 3 pts
[–] • 2 pts

Wait a year.

[–] [deleted] • 2 pts

On the other hand there might never be a recession as Blackrock is still buying everything and is too big to fail. Might be your last chance to ever own anything. To defend it you will have to fight off the tax collectors and bankers either way.

[–] [deleted] • 2 pts

Im thinking wait it out, even if you can secure a house, most of the time its so espensive with taxes and bullshit charges, your better off waiting until the right one comes around

[–] • 1 pt

Like CrashOverdone states... If Blackrock doesn’t beat him to it.

[–] • 2 pts

hard to say with blackrock buying up as many properties as possible they wont sell those properties. this is an atrificially created scarcity and its not going to change any time soon not until they are cut off from the printing press

[–] • 1 pt (edited )
[–] [deleted] • 1 pt

Depends on where you look. For example, you're gonna have a much better time finding affordable housing in Mississippi or Kentucky than in Tennessee.

[–] • 1 pt

“because right now prices are still too damn high”

This literally always the statement people say when they go to buy.

[–] • 1 pt

I'm waiting, have been for years. Looks like it may be years more

[–] • 0 pt

Same boat unfortunately. I even entertained building at one point but you can even find a lot, let alone some decent land to build anything for less than a fortune. And that's before material price.

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