/biz/ - Business & Finance

>>58433360
Thank god, can't wait to scoop up the cheap properties.

>>58298486
He's right.

If you are in your 30s and have not acquired significant wealth, you are a loser.

10 years ago you had rock bottom prices and 3.5% interest rates. Stocks were up-only for a decade. Bitcoin was $300.

All of my college friends are a homeowners and pulling in 150k+/year.

Zoomers are fucked, but middle aged/older Millennials had a fucking golden ticket when they entered the workplace in the 2010s.

>>58292391
Real Estate isn't going up anymore since the Fed rug pulled the cheap credit. Prices have not crashed because inventory is being suppressed as homeowners have affordable fixed monthly payments.

Zoomers can't afford shit and the Millennials who bought are stuck in their properties because of their cheap interest rates. There's no next generation to pump existing real estate, and desirable neighborhoods become fewer each year as this country gets less white each year.

Rates need to fall for appreciation to come back, but that's not happening as the Fed keeps postponing their planned rate cuts each meeting. Expect sideways market until something changes.

Is now a good time to buy a house? Or should I keep renting?

>>57805236
They will say

>but muh home will gain 2-3% equity, homes rise with inflation

Bullshit. There's no one to pump your bags anymore with rates at 7%.

>>57465249
this was true 2022 when the fed fucked everyone without cash

>>57286540
everyone who bought a place pre-2022 can rent their place out for more than their mortgage payment

no reason to sell if you have a mortgage

>>56968724
Not gonna happen.

No one is going to give up their affordable monthly payments.

You should have bought pre-2022.

>>56865799
Just rent, it's a better financial decision at this point.

Housing is going nowhere until the fed lowers rates. There's no buyers at these prices, and no one wants to sell.

I didn't buy before 2022 because I had to pay off my student loans.

Am I priced out forever? Landlord just sent a renewal notice and increased my rent.

>>56494135
It was really hard to get housing in the early 2010s. Almost as hard as 2020-21. Everything listed would get multiple offers over asking on the first day. Banks held most of the properties and only wanted to sell to people with cash.

I have zero sympathy for millennials who didn't buy in the 2010s.

I bought in 2020 because rentals were $1800/mo and the mortgage payment on an equivalent house was $1050/mo.

My neighbors just listed their house for sale at $350k, mortgage would be $2500/mo.