Why has the housing market not crashed?

Wait five months

There aren't enough dead yet.

BRRRRRRRRRRRRRR

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really fucking low rates
money machine go brrr
(((speculators))) planning to either flip or rent new acquisitions

I hope you realize that as long as people can pay rent, prices arn't going down. If I had $500k to invest in bonds @ 0% or buying a house and renting it out to gather tumpbux from neets, i'm paying buying the house to collect trumpbux from neets.

It will crash. First the stock market, then house of market will still keep the prices because banks will not want to lose their money. So they will try to keep the high prices. After 2-3 years, the bubble will explode and houses will be cheap.

So be careful, when the shitstorm happens, it’s not that easy to invest. You can make a big money on someone’s loss, but you still have to know how. If you are retard, you can lose a lot of money as well.

>boomer die off happens
>trump loses election cause boomers were the actual voters not pepe memes on a weeb board
>black people for some reason have superimmunity?
>riden with biden wins
>heh sorry kid
>smashes borders
>nothing personnel
>housing rises up with more illegals and few trillions stimulus package from trump
>biden dies of dimentia
>madam clinton VP is now pres

hilldawgs got the final W bros

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The banks won't be allowed to fail and politicians arn't going to allow for people to be forclosed on. The only plausible way out is to inflate the debt away. The powers that be would rather make everyone suffer high inflation than go broke because everyone defaults on their shit investments.

Because student loans will crash for them.

It's in the process, give it 2 more weeks

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this. we're on a 6 month horizon boys. you just got addicted to daily happenings but we're going to see some shit before the end of 2020. it's the slow, creeping destruction that really consumes people. plenty of service industry people getting laid off, next is travel/hotels, then consumer goods, then the big boys like finance, tech, and health.

Aren't mortgages insured by the government in Canada? If so isn't this an incentive for banks to dish out mortgages to anyone since risk has been offloaded to the taxpayer?

Student loans are backed by the federal government. If people default on them, money comes out of the federal budget to pay who is owed. If people defaulted on their student loans, it would in affect be a stimulus package, not bad for asset values.

i don't think you can default on a student loan.

>most houses are owned by investors
ah, yes, the real reason millennials arent having kids. the real reason gen x parenting was shitty because both parents had to work. the real reason the family unit that is the cornerstone of civilization is falling apart.

homes, those things we live in. as an investment for people not living in those homes.

fucking bravo. what a way to go lads.

>no mention of trades
IT WASNT A MEME BOYS FINALLY JOB SECURITY

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Default usually means that you don't pay what you owe on time. so if people just stop making payments, then they have defaulted. defaulting doesn't make what is owed go away. I think what you're referring to is that people can't have the debt discharged during bankruptcy, which is true. But in the meantime, people who owe money are spending their loan payments on other things and the people who are owed money are getting their money from the feds.

>general market crash
>housing crisis
Learn the difference. It could save your tendies.

if the housing bubble doesnt pop all of civilization collapses

This.
This absurdity is going to kill a lot of small businesses that is already ravaging them. Can't afford the lease because it's fucking 2+ dollar a sqft, can't afford the building because some stupid 5000sqft empty space costs 10 million dollars.
It takes a while for the market to adjust to inflation rates and we're still hurting from 2008. Prices are being artificially held.

Watch as your favorite restaurant goes out of business. Even Subway restaurants are falling apart because of it as the franchises can't afford the lease, despite growing customers.

Japan still exists in a 30 year economic limbo. stop being dramatic.

Because not that many people that have been laid off yet. Maybe they won't be at all

They're literally irrelevant though

that doesn't happen right away, it's always delayed

when people starts to get their loans foreclosed, lose their jobs, can't sell, can't get loan for new one

then you are going to see the price plummet. Can pretty much still happen, we're not in the clear here to put it mildly

It has. Sellers just haven't figured that out yet.

when the bubble pops...

one parent at any job affords the mortgage while the other raises the kid. which defaults to traditional gender roles and strong families returning and a new generation of smarter more stable children then anything seen in decades

small businesses popping up everywhere out-competing big chain restaurants etc. everyones business dreams coming true with affordable leasing rates.

i guess it would suck for anyone using a house as an investment but people using their houses as homes maybe we can do something for them at least so they arent paying such a high mortgage or however that works i dunno.

not with a bang but a whimper

and then maybe ban buying a house you dont live in from even being legal. unless you rent it out at affordable rates that represent at max a certain percentage of minimum wage.

or just let civilization collapse i dont even care anymore.

people still have jobs.
I dont see many foreclosures.

but people buying houses as an investment is killing us and longterm we cant survive very many more generations like this. people need to live in homes so homes need to be affordable not get rich schemes.

Because Corona isn't actually affecting the economy besides the temporary work slow down. Nothing has actually lost value, and a legion of old people dying off will bring a huge boom that will actually lower housing costs for younger people who are about to inherit a bunch of wealth.

>most houses are owned by investors
this is abject bullshit.

Japan doesn't have houses though they have cubicles.

>doesn't know about anime

It's getting there. I put my house up at the beginning of the month and barely have any showings. I'm in one of the "hottest" markets with a relatively cheap house in a nice area. Shit sucks.

didnt he boomers pull some reverse mortgage shit so the banks get the houses that were paid off and then the banks sell them to us at an even more inflated rate because lol banks. or something like that.

Don't kid yourself they're going to sell their houses to the Chinese. Like they give a fuck what happens twenty years from now, they want straight cash homey.

i just figure the boomers and their banks will find a way to make sure they leave the world an even more expensive place when they die rather then anything being allowed to get cheaper.

It will, then the fun really begins.

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This. If we have to fix anything, if we have to target anyone, it's this. Single family homes should be barred from use as investments. Its socially destructive.

in all seriousness you do understand right that nazis or national socialists or whatever i assume you are judging by the shapes of the helmets in that pic... are not popular. they have a terrible brand that will never gain traction with more than 1.5% of the population at most. just universally despised by all just really a non starter. keep wasting your time on that i guess, doesnt bother me.

Nope, all this pumping well cause inflation which in turn will cause the value of housing to go up. Including rent.

Get cucked renties

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Literally not. 51% of real estate in Toronto and Vancouver is owned by foreign investors.

There's no market at the moment because no one is buying. It has crashed, because of the stock market pullback and unemployment. We just don't no how badly until the sales start happening again.

it has and it still hasn't technical recovered. Not sure why people haven't caught onto this yet for the past 12 years.

but that boomer wants to sell his house to some chink so i guess thats whats going to happen instead i guess thats more important then western civilization even surviving at all

You cant buy houses you cant visit

It’s only ever crashed once, and that was strictly because banks were giving out massive loans, to anyone and everyone who wanted one, especially poor black families.

Seconded. Ban usury and speculation on family homes, 70% of our problems solved and I'm conservative.

God I wish that was me

>corona will kill every boomer, bro
>biden and hillary will inherit the world because theyre in their 20s right now, fuck old people amirite?

If the stock market loses half of its value again (we're on track, ahead of the curve even) then home sellers will brutally find out that there is little appetite for their grossly inflated investment vehicle masquerading as property.

It's not, a few thousand home owners own the largest number of properties. Like 35% of all the land is owned by just a few people that own hundreds of homes each.

Then there is the problem with medium investors, foreigners that own like 2-5 houses.

These 2 groups own the majority of homes and the vast majority of residential space in the US.

Maybe, but it’s never happened before.

OMG! We've had a blip of an event for the past few weeks. Why haven't we immediately devalued every single asset class?

Y'all sound like high school girl economists.

Because they're all tied up by investors. Has nothing to do with boomers refusing to sell their houses and die (which is just bernout astroturfing anyway). The market can't correct itself because as soon as that begins to happen the investors buy them up.

Tens of thousands of homes each, excuse me. Rich investors that speculate over huge volumes of homes are a real problem.

Then the foreign thing overlaps with that.

If we limited only Chinese to only own only up to 10 homes per person, the housing market would crash. It's a god damn money syphon into China and we should shut it the fuck down.

I don't though. Economist are always wrong. The boomers are going to lose their lifetime consumption value or life savings because they did not invest in anything meaningful in terms of improving thermodynamic efficiency of the modern world. The boomers should have pushed for constructing nuclear power plants and hydrogen cars decades ago. The boomers should have invested in their children so we would have strong family ties and degrees that mattered. The boomers should have fought for fair wages so that half the population was not a slave class. They let the system rot and now this is their harvest. At this point who gives a fuck about boomers? If younger generations work together and get lucky by the time the zoomers are 40 things will be getting better.

Well I'm no expert but have our overleveraged banks stopped their government-backed loans to insolvent people in the aftermath of the 2008 crisis?
Cause I didn't see many bankers going to jail, but I saw a lot of them become fuck you rich off the back of the bailouts and the money-printing frenzy that ensued. Can borrowers, many of whom will have their jobs under threat, take the hit?

where in the us do places like this exist? they're so surreal... like this reoccurring nightmare i had as a kid who wants to live there? I mean, I live in the suburbs, but the houses around my area are older, not this cookie-cutter prefab garbage

if I had to guess, I'd say you find this in Ohio... idk why, just sounds right in my head lol

Thats burn it down territory. Why should the young suffer more so the boomers that caused all this get off the hook one last time?

not enough time, houses need to sit on the market unsold and have the price gradually lowered

No it isn’t in 2008 the stock market was the last thing to go

Children shut the fuck up and listen

This crash is not due to some failure economically the demand is still there it’s just currently all on hold almost completely on a voluntary basis.

The reason houses crashe in 2008 is because housing was literally a bubble and overvalued, they eventually came down

Homes are not currently over valued they are tracking upward at a steady annual rate hardly above inflation

So while house prices will decrease as there is no demand for the next couple of months, as soon as this virus takes its course everything will resume

So your looking a very steep recession, because basically economic activity is approaching 0. But once the virus panic fades in a few months everything will shoot back to where it was 2 weeks ago.

>inb4 okay boomer

Kys

Time will tell