When will the housing market crash?

is it public information how many of these houses were bought post-covid?
how many are people out of work?
how many of institutional?

any more specific data?

number that goes up 2-3% each year is at a new all-time high

nigger cattle.

no you get twitter screenshot and are expected to infer everything from that

Why would anyone sell their home for less than it can sell for right now?

be leaf

put 55k down on a 800k home

get mortgage at 3% for 3 years

paying 3667/mo for mortgage + property tax + maintenance

house poor but surviving

3 years later

mortgage up for renewal, best rate you can get is 6%

mortgage is now 5k/mo, an extra $1300/mo (15k/year)

losing money every month

start dipping into savings, emergency funds, credit cards, equity

debt getting worse, interest rates showing no sign of going down significantly

see similar properties selling for 700k now

decide to cut losses and sell, renting an apartment for 2k/mo instead

They already went down, youre just too poor and demand a 21st century lifestyle with your 19th century cleaning job.

Canada sounds hellish.

It has already started crashing in some markets

the next crash will be commercial real estate not residential

Stock market is up 80% over the last 5 years, why do you think houses will crash? Everyone is omega paper rich now.

And they have space and natural resources like no one else. It's just their bureaucrats doing the WEF's bidding.

"Mortgage up for renewal" wtf is that? Is that really a thing in Canada? They don't have fixed rate mortgages?

"Crash" will be 20% tops(4 years of gains)

You will always be a rentoid

Typically the longest reasonable rate you can get locked in for is 5 years.
You can get up to 10 years but it will have higher rates, so people don't usually go with them.

If Trump deportations and border patrol enforcement keep up we might see results in the near future. With population going down the demand of housing decreases and a sell-off might be in order. Real state is just not as good as stocks as an investment.
Imagine having to pay taxes on your stocks just for holding them. This is what real state suffers.

And it's even worse. Imagine all the economic misallocation this causes, all the lost innovation.
People wageslave at one location, with no chance to take economic risks, or to fill some economic shortage somewhere else, for their whole lives, just to find shelter, 50 years after men walked on the moon.
This is really severe. Housing should be a thing you acquire in your 20s, and then you should be able to swap it for 10% of your yearly net income.

I mean, you can get a self-driving, three seconds to 60, silent car made of thousands of exotic high tech materials. Engineers simulated the wind noise and the condensation in the air ducts and the vibration in the chassis, and made lidar and sensor fusion controllers reliable, and tires that can withstand almost anything. In the house, the bathroom door hits the toilet, and you can hear your wife snore in the other room, and there's mold in the insulation, and the most high tech material is the wall made of sawdust and chynese poison. Houses and cars are produced at roughly the same numbers, but the car costs just 5% of the house, one of the rare cases where a product's price is determined by the amount of raw material used and hours of manual labor.

Something is very wrong here.

<- Trump's boss telling the world the new direction during the 2024 Riyadh WEF summit.

I don't have the post, but one anon described it as not being able to / allowed to because too much is tied into it. It's something like 10%(?) of American GDP is tied to it.
A large decrease in population could do it, but the above would explain why now under Trump so few are being kicked out.

It's just obvious. Slave labor has always eaten away at technological progress. Capital goes into non-escalable assets because that's the fastet ROI. It's better to open another factory and fill it with cheap labor than to fund research and development for new factories that uses less labor.
If England had access to slave labor in the 18th century we would still be using steam engines and coal.
Kicking immigrants out is hard, more so when there have been decades of administrations giving away citizenship and not monitoring illegals. The best anti-immigration policy is being hard enough for illegals and legal immigrants to expatriate themselves. I would personally tax them just for being immigrants while cutting all welfare for them. If you want to work in a foreign country you should expect to have it harder than the native population. You get rif of the parasites and the few that stay actually contribute to the system so it's a win-win.

max IQ to think your home appreciated 5% YoY?

This is really the most damning thing about the insane price of RE. So much potential for innovation is lost because everyone is spending their time waging to afford a shitty home just to survive.
We could have large mass manufactured homes everywhere for < 100k but governments at all levels put barriers every step of the way, they'd rather force wagies in cagies for 30 years so they're kept busy and poor, otherwise they start to get ideas and get uppity.
Part of the problem is white flight is a passive route that everyone takes. White people know poor districts are shitty and have higher crime and they're cheap to live in. So they move to expensive areas because it's good and decent and clean, but also because the poor people causing the problems can't move there. If they could have gated communities with freedom of association then they wouldn't need to be expensive, they could be cheap, and clean and good, and decent. But freedom of association isn't allowed.
That is true, the more people there are the harder it is to raise everyone's standards of living. In the old ponzi population-growing-infinitely scheme, the bill could be passed down or borrowed from the younger generation, but with automation taking everyone's jobs, a larger population just means a larger liability as there will be more people to feed, more people to house, more infrastructure to maintain, and a lower standards of living across the board.

More wagies are going to sell their homes once their jobs disappear

It's doing it right now. That's what your image is saying. Is everyone here retarded?

Wow that is horrific

the "big crash" finally happens

it's -10%

What are you even rambling on about?

big picture things, you probably wouldn't get it

Doesn't sound too bad. Just debt maxxx

I'd really like to get into the automotive style house production, but I fear I'd die of bureaucratopathic cardiac arrest or in crossfire after aerosol-vaccinating some politicians. Regarding Mr. Fink and his horde of demons doing a 360, I hate having lived through the population maximum. But I am pretty convinced being a liability won't result in comfortable times for us. Not elites exterminating us plebs Skynet style, just less and less resources.

Japan almost got to this point, but now they get immigrated at the last moment.

lol
there just arent enough millionairs to buy every house for 1 million over asking price

do home loaners really do this

It won't

But I am pretty convinced being a liability won't result in comfortable times for us. Not elites exterminating us plebs Skynet style, just less and less resources.

It wouldn't surprised me if there were non-obvious purges, things like war, disease, where there's a plausible explanation for people dying but it's not viewed as a purge, and it has a bonus secondary effect where it scares people into compliance once in awhile and can grow the state's power and control even more.

I do think you're right it won't be comfortable times. More automation will make things cost less, but there will be even less wage growth (if any), less opportunities, combined with a larger labour market and continued immigration means we just get a lower standard of living as conditions normalize to the 3rd world. The poorest of the world get brought up slightly, the middle class gets brought down to the poorest of the world, and the differences in wealth between the richest diverge even more.
Of course, because everyone says

rent is just throwing your money away

you can buy a house, rent it out to pay your mortgage, then leverage that to get more money

you're not a real adult until you own your own house

the housing market never crashes, it's one of the safest investments

they're not making anymore land

So you get retards leveraging themselves to chase the dream.

It's an opportunity for people who play it right. Wagies living paycheck to paycheck are going to get shafted hard though

I think we are reaching a point where housing crashes aren't going to be slow as they once were. Now that there is so much Wall Street investing in real estate. A crash will be quick and devastating. What before took a year or two, may happen in a month or two.

With 6% you are not losing money

4% annual gain of a 100k house is better than 10% annual gains of peanuts like 1k per month through stocks and crypto

With 6% you are not losing money

You are if you don't have the income to pay your new higher mortgage rate and have to take on more debt to make payments.

ignores that you don't have 100k of equity

ignores the opportunity cost of having the down payment locked in a house

ignores the increasing debt from being unable to pay the mortgage

Why are you like this?