The housing market just slid into a full-blown correction

[daemonova]

you agree to contract, you gotta pay the contract or move, these houses were always over valued and continue to be.

remember "too big to fail". They are not going to lower the price on these houses or cars, just chastise poor ppl for being poor. the problem was never fixed, more scrutiny was applied to potential customers

 

[88m3]

Lets talk about @88m3 in here butt hurt he can't exploit people anymore.

"Lower my assessed property value so I don't have to pay taxes. I can't charge anymore rent.

How would this prevent me from exploiting people? Wouldn't this just encourage me to exploit people even further?



None of this has any real bearing on my life right now tbh



Maybe I can get a good deal on a townhouse in the city or an apartment in Europe in a few years.

 

[88m3]

'If we eat, we cannot pay rent': Tenants protest proposed rent increase at final public hearing

The Rent Guidelines Board hosted several hearings leading up to the June 21st vote, which could raise rents for more than 1 million rent-stabilized apartments. Before the final one on Wednesday, tenants rallied outside in protest, calling for a rent rollback instead.

gothamist.com

 

[OfTheCross]

'If we eat, we cannot pay rent': Tenants protest proposed rent increase at final public hearing

The Rent Guidelines Board hosted several hearings leading up to the June 21st vote, which could raise rents for more than 1 million rent-stabilized apartments. Before the final one on Wednesday, tenants rallied outside in protest, calling for a rent rollback instead.

gothamist.com

I don't believe them. 2% - 6% not gonna make them starve

 

[88m3]

I don't believe them. 2% - 6% not gonna make them starve

of course you don't

 

[Kenny West]

Housing Market ‘In Free Fall’ As New Construction Plummets—Here’s When ‘Reset’ Could Cool Prices

“This is still the early stages of the housing rollover,” says one expert, predicting that the coming months will bring steep declines in housing construction as the booming market “resets.”

www.forbes.com

Its happening

Turns out unsustainable shyt is in fact unsustainable

 

[ORDER_66]

Housing Market ‘In Free Fall’ As New Construction Plummets—Here’s When ‘Reset’ Could Cool Prices

“This is still the early stages of the housing rollover,” says one expert, predicting that the coming months will bring steep declines in housing construction as the booming market “resets.”

www.forbes.com

Its happening

Turns out unsustainable shyt is in fact unsustainable

Bout fukking time... now we need these used car prices back to drop to fukking normal too

 

[Bboystyle]

Housing Market ‘In Free Fall’ As New Construction Plummets—Here’s When ‘Reset’ Could Cool Prices

“This is still the early stages of the housing rollover,” says one expert, predicting that the coming months will bring steep declines in housing construction as the booming market “resets.”

www.forbes.com

Its happening

Turns out unsustainable shyt is in fact unsustainable

I said this last year when nikkas(cacs) were saying this is the new norm. No the fukk it aint. You cant have rent, mortgage, food, cars, gas, ect at these high ass rates when 80% of this country cant afford it. It was never about stability but about an opportunity for corporate greed to take advantage of the pandemic and all these unemployed folks collecting nearly twice as much as they made for 2 years.


With that said,houses are still too damn expensive to buy.

 

[88m3]

falling construction is only going to lead to higher prices

 

[Geek Nasty]

falling construction is only going to lead to higher prices

Unless construction is falling off because there's a smaller market for new houses

 

[ogc163]

 

[Killah Ray]

That’s fukking depressing to read. Me and my wife feel like we have grown out of our current home and want to build on a 5 acre lot I bought a few years ago. I got a good mortgage on my current house 7 years ago, but it just feels like there may never be a perfect time to build.

 

[At30wecashout]

shyt sucks. Oh well. Putting my bread aside to buy into a condo in the next year or two so I don't even give a damn. Finally seeing prices tumble in 5-digit increments near me but in the meantime, everything else is going to want to go up.

 

[mastermind]

That’s fukking depressing to read. Me and my wife feel like we have grown out of our current home and want to build on a 5 acre lot I bought a few years ago. I got a good mortgage on my current house 7 years ago, but it just feels like there may never be a perfect time to build.

The time to do it is right now.

We just got a loan lock in a house we want to build with a manufacture, and the loan officer at Navy Federal is anticipating double digit interest rates by next year.

 

[rightfultoefinger]

Yes, anyone that bought before the pandemic and during the early months of the pandemic has tons of equity already and has locked in super low rates. They’re eating good. Feel for people who are looking to buy now. Rates keep going.