HAPPENING!!!! BOOMERS BTFO!!!

Nohouse faggot mad kek

Millennial will be primed to take over when Corona Chan finally finishes her work.

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You ain't owning shit except Corona-worsened HIV and pneumonia. Heterosexual nation gonna clap all them shacks

>post links faggot
thank you for pointing out my fuckup
ccn.com/u-s-housing-market-could-crash-to-29-year-lows/
sorry for meme flaggin too ffs

Nice source.
Anyway, you guys do realize that the reason housing prices crashed last recession is because the housing market CAUSED THE RECESSION. This time it's the other way around, and they're already preparing with mortgage freezes, etc. What is much more likely to happen is the housing market freezes or even bumps a bit during the crisis, due to much less homes going up for sale. There won't be a glut of houses on the market like last time. And people with the capital to buy houses to begin with are usually less affected by recessions. If anything, expect to see more of a seller's market.
Source: not a retard

this is my plan, getting the fuck out of philly and chill spot in tampa

>Boomer die off
>Housing prices plummet
>Millennial's buy
>Zoomers hate millenials
>Millenials die off
>Housing prices plummet
>Zoomers buy
>...

Based

As if people will move during a pandemic. Use your brain for once, rabbi

please fucking crash already

probably wont though. boomers hold political power and immigration will surge again once this shit ends. millennials will buy boomers million dollar shack eventually

>Imagine buying a house during a nationwide quarantine
>Imagine selling a house during a nationwide quarantine

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The cycle exists because people have been conditioned to see investing in their own lineage as racist since it prioritizes people genetically close to you over random niggers and this is basically the definition of racism.

people cant afford their mortgages and get evicted. Inventory goes up.

>29 year lows
YES!!! BRING IT DOWN CORONA CHAN!!!

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best of luck with the incoming nig riots

I switched from owning to renting last September. Will see how it works out.

Pol is unironically 50% boomers. A guy posted a pol asking who the worst generation is, and boomers only landed 50%. I'm going to assume that is because they aren't voting against themselves.

I'm a boomer and I am better than you.

>could crash

yea philly is fucked but at the same time people here are already tired of the nigs bullshit and wont be surprised to be police look the other way when people start going rooftop korean on them

>was going to finally buying a house this year
>me rn

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I’m in the mortgage industry and you are not factoring in that people can’t pay their mortgages if they lost their jobs. Even incredibly qualified buyers 3 months ago are losing their jobs. They will file bankruptcy and their houses will go to auction. The housing market is absolutely fucked, worse than 2008.

My house is getting ready to close, CL-100 just done today. Buyers are still absolutely gung ho, ready to go next week.

Seller of new house- who was an uncooperative and inflexible dick a month ago- is all of a sudden receptive and flattering. He's probably getting noped, as we have another family home a few miles away we could move into and also own a mountain vacation home that would be good to hunker down.

>The housing market is absolutely fucked, worse than 2008.
Given that the economy never really recovered from 2008, this is going to hurt.

Based and oldschool pilled.

I first came to Yas Forums during the Habbo raids. Good times.

Depends on how long this goes and how many jobs are lost

I bought a 250k house last fall..... why do I always buy shit when it's at the highest. I just got into stocks 6 months ago too. I bought bitcoin at like 16k

Fuck this gay world. So. Ow my house will be worth shit?

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Just give it time and you'll break even nig

>implying millenials have the savings for a house after being stuck with shit jobs for a decade as a result of the Great Recession

They'll just sit abandoned. Maybe the bank will get them.

then I keep working and not retire
millenial unemployed

t. boomer

This post is correct, housing is going to skyrocket.
Trump's going to suspend mortgage payments and give direct cash deposits to people like this, legit no one is getting their homes foreclosed because of this crisis. There's already a moratorium on 65% of mortgages in the us, this simply isn't happening.
You're going to be fine the reasonings in this thread aren't based in reality, just fear mongerers with no skin in the game hoping everything crashes so that they can get theirs since otherwise they couldn't.

Do the world a favour, cough on boomer landlord.

renting is the better option imo. in this aarket anyways.
jews will just take your house anyway if you don't keep paying their extortion fees.

you're forgetting the part where corona-chan sweeps 6 gorrilion boomers off the board leaving a lot of empty houses behind thus crashing the value of real estate in general

It should have crashed, if we lived in a real world with in manipulated markets. Those claiming it assumed the system is fair which is why they got the timing wrong. If it was a real system it fucking would be dead already.

>Habbo Hotel was 30 years ago

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>Trump's going to suspend mortgage payments and give direct cash deposits to people like this, legit no one is getting their homes foreclosed because of this crisis. There's already a moratorium on 65% of mortgages in the us, this simply isn't happening.

This will destroy demand, and the relief is already taking too long. People will try to sell and the market will be flooded with active listings and no one willing/able to buy them. Trump will need to go full natsoc to prevent this basically.

FUCK THE OLD TAKE THEIR LAND

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isnt this a good thing though? finally affordable housing!

>housing prices "crash"
>decreases a total of 17% from current highs
it's never gonna happen, not unless a mass extinction event occurs

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Are you retarded? The raid happened in '06

If the government cared about us--citizens, they would block all Chinese nationals and Chinese firms from buying up the houses.

Is it the firm handshake?

>This was posted 15 hours ago

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user it's going to take a few months maybe even a year before that happens. Once people run out of money and if jobs don't bounce back (they won't) then you will start seeing the influx.

it needs to crash until homes are worth 10% of what they are worth today, it's the only way of making new babies, the real state goes against fertility rates, it needs to go down, let the new generations have a home, remove zoning laws, let people bulldoze their mcmansions to make apartments for their grandkids

A few million boomer homes opening up for sale might affect things once they're cremated into dust.

Ok groomer

My boomer landlord put the place up for sale thinking he could dump it quick and run before it happens.
I just smile, knowing he's already underwater and his retirement is cancelled. The look on his face today tells me he's in the acceptance phase.
Can't wait for those no-eviction mandates to go into effect here

>I’m in the mortgage industry

doing what?

dab on that nigga next time you get a chance

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Depends on how many boomers croak

We sold our house at the peak of the market, got $3k over asking price & the buyer paid all closing costs.

Just an anecdote but I have to drive the same path every day and I have already seen 10 new for sale signs pop up this week. Small city. One way or another this will crash the housing market.

mortage rates are aleady low and going down. Now is the time to buy, or probably by the fall prices will drop.