Because you idiots post about it every day.
They literally MADE A MOVIE about 5 guys in the absolute minority that were able to predict the last one.
Honestly it’s annoying to see these posts on my TL everyday day like y’all have some inside info. You don’t you idiots.
And if you do, put your money on it.
Actually, I propose that anyone who wants to post about the housing market going down needs to accompany it with a screenshot of their positions confirming this belief.
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So you’re saying you just got into a Jumbo mortgage?
2021 home buyer spotted ![img](emote|t5_2th52|4887)
But my zestimate went down $40k today
This take is pretty dumb.
These people you think will continue buying and needing homes? They’re gonna lose their jobs and live with their parents. Houses are sitting on the market longer and longer, prices are already coming down. You honestly think people will have the money to buy??? At these inflated prices AND higher interest rates?
Sounds like you were waiting for a crash and now mad it ain’t happening
found the bag holder
I didnt read the post, but congrats to your new house!
I’m long nursing homes. Them boomers gonna start dying off in droves.
Not really but I do think that would be the main driver for a decline in housing prices… A la Japan and other countries with an aging population. More of a slow slide
Should we also see some positions from people claiming it’s not going to crash?
Like. . Position ls or ban…
Stop posting about the housing market crash. You’re gonna scare it.
Still, I made a killing off DRV and sold at 76. Still could run up to 90 though.
Sometimes everyone is right.
I think the same way one of the 5 guys you were talking about is Michael Burry he already sold in Q1 and bought Apple puts, what a Man. The last few months were a dead cat bounce and now its going downwards maybe 60% or more.
Lol a housing crash like this doesn’t happen in 5 months. It can take years with periods of acceleration and deceleration.
A crash isn’t going to happen. A complete global collapse strangled by hyper inflation is going to. In a couple months everyone and their mama is going to be begging for a massive recession to cool off prices and bring back consumers. Who gives a shit about real estate crash. That comes a couple months after we literally see people loose their jobs. How many layoffs and how far apart spread out is the real question. How many months after bad q1 earnings showing that absolutely no body bought shit in December and the supply chain is a complete rekt. If you can t afford food and gas, who gives a shit about home prices.
I mean it is literally inevitable
Valuations have been propped up with cheap low interest rates. 30yr mortgage above 7% and will likely go higher as fed increases rates, valuations of homes need a rebalance in order for people to actually be able to afford a mortgage currently. What happens if interest rates continue to rise? Valuations of homes continue to decrease in my opinion. Not saying it will crash but it is defiently on the road to a major rebalancing.
The housing market is full of people high off their own farts.
If it’s not crashed, then the Fed is not done.
a housing market crash is definitely coming
>And if you do, put your money on it.
I have put money in it. It’s actually been in the top performing stocks so far this year.
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Either the housing market crashes, and I’ll be able to get that house, or I’ll get rich off the businesses that bought them all and are keeping the prices artificially inflated.
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I give these businesses that bought out so many of these places 5-10 years. When the houses they bought out start needing maintenance, they’re gonna refuse, the renters not gonna be able to afford it, and now you’ll start getting empty houses that go Fanny Mae while the owner of the business that bought all the houses makes out like a robber while the business goes belly up.
I know that the housing market will crash because we’re just hairless monkeys that don’t learn from mistakes and the few that do are drowned out by the most that don’t.
It will crash, it always does
Thanks just bought 3 houses
People who locked in a low interest rate on their mortgage during the pandemic would not want to sell now, plus banks are more picky to who they lend to compared to back in 2008, so no crash in the foreseeable future
25 $48 VMBS puts, bought back in June, expire November 15th.
I got $RDFN and $OPEN puts ready to go brrrrr
I get a couple physical mails a month of random people/companies asking to buy my house.
Its not even listed for sale.