Well, it's happening. The house I bought with a mortgage for $900k last year just got revalued at $780k thanks to the orange retard. Once the property market starts falling, everything will crash. This isn't just retarded le stonks only affect billionaires XD shit now. Hold on to your asses.
We're fucked
Good, so you only have to pay 780k, you're lucky
: |
reeeee why am I paying lower property taxes the sky is falling
there's no pleasing you retards.
Yea I love paying $1.4 million over 20 years mortgage on a house now worth $120k less for no reason except epic memes. You're right I am so grateful.
Well, it's happening. The house I bought with a mortgage for $900k last year
how much do you have to pay a month?
Shoulda bought in 2020 like me :)
About $5800
Are you selling the house right now?
Are you taking a loan against its value?
You have an house and are living in it, and your insurance cost, if you insure, just went down.
Your house value is stable at 1 house, everything else is just a paper loss, unless for some retarded reason you're selling your own home.
This has to be a lie because it means you've taken out a loan for approximately the entire home value
what the fuck? my parents bought a house in 2015, and it cost 350k 2k/month
Odd, I heard exusting real estate is going higher because new construction will go up significantly. If this makes houses cheaper then it's a huge win, that's basically the biggest problem we have right now.
enjoy your new zestimate you zesty mate
lmao housoids get fucked, rent chads are winning big this year
20 year mortgage at a bad rate. I was tired of paying through the ass for rent.
The one and only good thing that economic collapse could bring is decreased home values. Jk tho they'll get bought up by corpos and turned into rentals ;^]
Rent chads winning again.
You bought an overpriced asset and you’re it corrected? No refunds
if you're not selling the house it doesnt fucking matter what the value is
we should all just put 80% of our incomes into paying mortgages to banks in order to have a roof over our heads, it doesn't matter that the financial value of the asset lowers
How are you so stupid? Really? Do you work for a bank?
My dad bought and sold houses for 30+ years.
Dude has a crazy good eye and gut instinct.
You told me the value of a house is a roof over your head.
Pretty much any home purchase is a good financial decision over renting regardless of the era.
He probably bought and sold 120+ different houses in that time frame.
Only maybe 1-2 were losses.
And those were minor losses at that.
I feel like it's a bit early for tariffs to have had any effect on your property values. I mean that would require several equivalent houses in your immediate area selling in the last 5 days for significantly less than the same sorts of houses sold for 6 days ago.
fun larp though. Correct me if I'm wrong. My house value can't change that quickly and I sincerely doubt yours did.
sure it's a great investment as long as you ignores taxes, repairs/maintenance, insurance, time and effort needed to make the deals, and the fact that it would still underperform stocks. Great investment
thats what you get for falling into the pitfall of capitalist greed instead of looking towards the beautiful and bright guiding light that is marxism leninsm maoism. Now your home will be redistributed to the chinese communist banking system and your money seized by jewish hedge fund managers in Manhattan after a court ordered bankruptcy and reorganization of assets. Game over. Thank you for playing the game of material reality you may now reroll or wait in debtors prison for the next 30 years until heart disease finally takes you.
Based. Don't worry, I'll buy your shitty suburban cardboard box off of your overleveraged, impulsive dumbass when it hits its true worth of $200k for cold hard cash. You're welcome, loser.
I know this is a LARP but I do hope everybody in this position ends up homeless
He's a broke loser who impulsively gorged on cheap interest rate loans and overleveraged himself to the tits for a house that was overpriced and now he can't afford the mortgage payments anymore. I can't wait for these fucking morons to lose their shirts in the coming months/years. I hate these low IQ mouthbreathers with every fiber of my being. The tears are going to be absolutely delicious.
just got revalued at $780k
that's not how housing works in the US, chang
Who said I was in the US, jeet?
Remember the smug debtors during Covid bragging the low interest mortgages they signed. Yeah I hope all you debtors lose your homes. You debtors are parasites. Worst than neets. At least neets are honest about themselves. You debtors larp being wealthy. You are soulless npcs who have no awareness of what’s good and evil. Debt aka greed is evil and if you have any you deserve everything coming to you. You don’t love mankind. You don’t love yourself. Kys debtors.
Kekkk
The only reason why your house lost value is because it's owned by a smelly retarded Indian
Renting does build a lot of good discipline. Discipline so when you throw money into the void you know you'll never see it again. Promotes consumerism which we very much need to sustain the economy. And the landlords.
Meanwhile renting gains you nothing.
Pay to not own something forever.
Or buy and actually own your assist.
Pick your poison bro.
are you winning americans?
Good.
Property has been drastically overvalued for decades.
Buying is the only option but it helps to not get all the value erased overnight over political bullshit.
Property taxes drop when valuation drops
Wait you didn't lock in your property price? AH HAHAHAHAHA
Not really, no...
imagine buying anything ATH and then complaining because your asset is depreciating
well whyd you overpay, retard? prices were obviously way too high
should have set up an amazon prefab in the middle of the forest
Anon, you don't need housing, money or affordable consumer goods. What you do need is to work in a factory to produce stuff for other countries to consume because that means the US is winning in the zero sum game of international trade.
Kys
value of house Drops
bank sees more risk
interest rates get corrected
anon will have to pay more interest for the house which is now worth less.
hopefully he doesn't loose it and still hast to pay debt :|
I live in a hut in the forest:)
Rent was literally 1k a week in my non-poorcel city for something big enough for my family.
Oh nononono ahahahahaAHAHAHAH HE FELL FOR THE REAL ESTATE MEME AHAHAHAH NIGGA YOU BOUGHT THE TOP AND NOW YOU ARE SEETHING KILL ALL HOME OWNERS KILL ALL MORTAGE KEKS ENJOY ETERNAL SLAVERY
I'm so happy the value of my home should be relatively insulated from all this since it's such a premium location
it's called taking a risk. retard.
there is no law that says the value of your house can only go up.