Yall do know the federal reserve is the main cause of the inflated housing market right?

[Charly Wingate]

"You will own NOTHING and be happy."

 

[null]

So then you should understand why housing is expensive in these cities. Simple supply and demand.

rubbish.

you are ignoring affordability or "return rate" in the case of businesses.

as rates move away from ZIRP not only does it affect affordability but it also presents a larger spread within which to operate for financial companies.

 

[JLova]

Why complain? Take advantage of it. .pool money together with ur community and scoop up some investment properties.

We cashed in on a couple...one in Queens as a mixed use jawn and another restaurant in baltimore

its easier to complain. I been telling folk to get up on housing for a decade now. They tryna tell me I don’t know what I’m talking about.

 

[karim]

So what happens to housing when the rates go up? They’ll probably just double down for safety.

It’s not like the Fed is cranking it up fast. At this rate it will be a the end of Biden’s term to get to over 2%. And they usually signal to Wall Street they are doing it.

Lol, when rates go up, which they already announced will happen, the stock market will tank, housing prices will go down and people will get in trouble because they can't refinance their mortgages.

 

[Tres Leches]

Yes cause all the printing got the dollar weak so other assets increase in value at a quicker rate

 

[Wild self]

rubbish.

you are ignoring affordability or "return rate" in the case of businesses.

as rates move away from ZIRP not only does it affect affordability but it also presents a larger spread within which to operate for financial companies.

Some,people enable GREED, and wont understand until someone attacks them

 

[null]

Some,people enable GREED, and wont understand until someone attacks them

wolff speaks about the new deal from circa 100 years ago when the world was in a similar economic bind

 

[MasterOfAllHeSurveyz]

There’s no inventory. Inventory is at historic lows. When demand outpaces supply, prices increases. It has shyt to do with the Fed or rates.

This vid below is over a decade old and I’ve been a follower of the creator when the vid had less 400 views. The views didn’t ramp up until the last year and the half. He just changes the year in the title every year to reflect the year we’re in.

 

[Json]

Lol, when rates go up, which they already announced will happen, the stock market will tank, housing prices will go down and people will get in trouble because they can't refinance their mortgages.

Will they?Cause it seems like a lot of people couldn’t even get the houses this time.

It seems like a bunch of these houses are like Zillows. Sitting in portfolios to drive up prices.

 

[Payday23]

Move to less attractive cities. Folk forget high demand cities = higher cost of living and higher rents/ housing prices. Do I think companies should be able to buy up land and properties? It depends, maybe tax them or put stipulations that force them to fund other initiatives. But America is capitalism on steroids, why pick and choose?

Rent and home prices are high everywhere. It's not just limited to major cities.

 

[jadillac]

Rates about to go sky high...

 

[Payday23]

We need to make laws that only American citizens living in America, can own property.

Id go even further and limit the amount of individual units each one can own to a reasonable amount. There is no more justification for an american business interest like blackrock/goldman sachs to be buying thousands of homes in a city than it is justified for russian oligarchs, latin drug bosses, or chinese nouvue rich to do it.

Okay, say the government does this. What happens when the GOP in it's current state passed a law that only white people can get mortgages with only a certain % down. All other parties must pay cash. Or they limit how many homes you can buy due to race, religion, etc. There's a reason the GOP packs the courts. That way when they create these laws their judges will make them precedent and legal.

 

[Robo Squirrel]

We need to make laws that only American citizens living in America, can own property.

 

[JLova]

Rent and home prices are high everywhere. It's not just limited to major cities.

the prices are elevated. They're not high everywhere. I look at the prices in some cities and laugh. Average house in the greater Toronto area is over $1M. And that’s a townhouse 1 hour outside the downtown core.

 

[Robo Squirrel]

Renters nation. Better have that shyt due on the 31st coli

You suggest renting over housing?