How long until housing market starts to crumble?

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I think a few months from now. The insanely overinflated housing market is extremely resilient due to the amount of $$$ that's vested in proping up the out of touch Boomernomics prices.

At the current rate of Fed money printing, the Fed is probably going to rather let the housing market crash and experience and massive price correction vs having to prop up millions of rent and house mortgages.
And then the Fed will step in and start helping out. Once it gets cheaper.
Think about it. If the real estate market crashes 15 - 30%, landlords can't justify charging all those rental prices anymore. Nor can massive real estate companies that rent out to corporations.

I wouldn't mind a reset to 1999 - 2000 era prices. Before the imbeciles in power decided to kick off a giant housing loan bubble which culminated in the major market meltdown of 2008.

i'm going to move out of my parents house and save up all of this money, with the 2000 trumps if i get it, and buy myself a cheap house the good life is near boys.

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Fpbp

You forgot the part where the money printer faggots gave enough money to investment firms for them to buy real estate before you, stopping anyone from getting cheap houses since they'll just rent

So...price controls will be instituted soon enough due to high unemployment and coronavirus coming back wave after wave with new strains.

Big real estate corps will just write off the loses due to the new changes to the tax code which allow them to write off loses for 5 years. Just passed in the 2 trillion Corona stimulus package. The Feds already priced it in for all the big players.
Housing market finally price corrects, all the big money players write off the loses and continue to make money.
>money printer faggots gave enough money to investment firms for them to buy real estate before you
No point in buying if there aren't definite returns on the horizon. And there won't be for years.

Kek. Get ready for more rich chinese kids to be buying up every house in america soon. Rice rockets coming to a neighborhood near you.

Can we buy houses in China ?

This. I want my own house.

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>Kek. Get ready for more rich chinese kids to be buying up every house in america soon. Rice rockets coming to a neighborhood near you.
That should be banned by now.

I'm fine with housing being a store of value or minor depreciation since that's what they do in reality. It makes sense since they're built to be easily rebuilt and "land is what you're buying".

Fuck the chinese they don't deserve anything ban them, and take their already owned real estate.

Boomers are literally blockading the streets because they can't mow their lawns and go to work. You think they'll let the government pass PRICE CONTROLS on how high/low they can sell their house for?!?!?

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It won't be banned until they have succeeded in getting every westerner on board to declare war on China, until then they will allow Chang to buy up whatever he wants, and then use it as propaganda against him later.

Give it a few months.

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Well, thats you strayas. I know the Chinese takeover is a lot worse in Australia. Can't believe your government literally allowed Chinese intelligence agents to buy up all the medical gear and protective equipment and ship it back to China.

End of summer will fall precipitously. By the winter there will be headlines. February will be full on crash. Housing prices in inflated markets like California will fall 50% by mid to end of 2021 and stay depressed for 5 years.

People are just NOT GETTING what a catastrophic effect this is going to have on the economy. We are going to lose 30% of small businesses, minimum.

Does this mean I can actually afford a house soon?

Unless you're sitting on a mountain of cash, why would you want to laden yourself with a mortgage when WW3 is just around the corner?

>ITT Poorfags getting their hopes up for ever realistically owning property in their entire lives

Seethe&Cope

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I have a feeling this is where it's going. The whole of the last 20 years has been a housing bubble. The basic economics of it were never sustainable for the over inflated markets. Cities like Cleveland though have 1000s of homes available for 50k ish. Big homes. In not horrible neighborhoods either. Many midwestern cities are like this. The coasts are literally 10x that on average. There will be a great flattening out.

>There will be a great flattening out.
Fuck off we're full.

Its not that way everywhere though. There are cities with WAY too few homes. With empty banks owned ones sitting empty. Phoenix is an example.

Canada and Australia will get hit first, they actually have a bigger housing bubble than the US.

DID I FUCKING SAY IT WAS THAT WAY EVERYWHERE YOU ABSOLUTELY FUCKING RETARDED BAG OF SAND.

It was heavily implied, to be fair.

Why should a bum be given a free house when someone who's doing something productive with their life has to pay ridiculously high prices? Plus how would they afford utilities and upkeep?

If you give a homeless person a house they'll destroy in not even a year or burn it down trying to heat it during the first cold snap. You people never really think these things through.

Because you pay for the bum anyway.
So shoot em or give them a hand. The banks are letting those houses rot with free money printed out of thin air and then lended to us.

Most homeless people are mentally ill derelicts with no identity and most of them get no sort of government assistance so we don't pay them.

I say shoot'em its more humanitarian to let them die with some dignity.

Incredible stupidity on display here. Just incredible. I specified midwestern cities and chose an example with high blight, and indicated a distinct difference than coastal cities, citing an actual number multiplier estimate, to explain it to you, yet you still chose to see the exact opposite. Impressive, in a way.

Not only did I not "imply" the exact opposite of what you said I implied. I stated distinctly and directly with examples the exact opposite of what you think I "implied". Absolutely incredible.