Poll of the Day > What's taking the housing market crash so long?

(+) Yeah! (+)

People have enough savings buffer to counter the rate increase?

Lol, you poor goobers LONG missed your opportunity to buy real estate. It's not an option for you anymore.

Notschmendrake posted...

Lol, you poor goobers LONG missed your opportunity to buy real estate. It's not an option for you anymore.

I have a Condo and a house. Issue is that I dont like how close my neighbors are to my house, and the condo is well a condo.

I want a house a bit more secluded.

Now, I could sell both and get what I want. But what kind of stupid shit is that? Trade two properties for one?

Lack of regulatory action and big money propping up the market.

The big reason the one in '08 happened was due to the handful of investors that pushed for the government to do their job.

The government could help by cracking down on money launderers and corporate interests that have turned the market into a commodity, but it would have a devastating effect on current home owners; however the longer they wait to take action, the worse the correction will be.

HornedLion posted...

I have a Condo and a house. Issue is that I dont like how close my neighbors are to my house, and the condo is well a condo.

I want a house a bit more secluded.

Now, I could sell both and get what I want. But what kind of stupid shit is that? Trade two properties for one?

Shit you'd really have to do 2 for 1? Are your properties in detroit?

Notschmendrake posted...

Shit you'd really have to do 2 for 1? Are your properties in detroit?

Yup. These are my homes in Detroit:
https://gamefaqs.gamespot.com/a/user_image/6/6/6/AAckHXAADE8K.jpg
https://gamefaqs.gamespot.com/a/user_image/6/6/7/AAckHXAADE8L.jpg

KodyKeir posted...

Lack of regulatory action and big money propping up the market.

The big reason the one in '08 happened was due to the handful of investors that pushed for the government to do their job.

The government could help by cracking down on money launderers and corporate interests that have turned the market into a commodity, but it would have a devastating effect on current home owners; however the longer they wait to take action, the worse the correction will be.

Its going to correct itself. Interest rates are creeping up. Thats a sign it might be sooner than later.

HornedLion posted...

Its going to correct itself.

Not without a push, otherwise we will continue to see money launderers and corporate interests buy up houses to the point that the middle class will be entirely priced out of the market.

We've been saying the market will correct itself for twenty years and more in some places, but even after the crash in '08, the problem only exacerbated because of who has the ability to buy, and it's not the average consumer.

The market doesn't correct itself. Not anymore.

I hope it doesnt crash until we sell our house in Oakland. We put a lot of money into that house to make it look nice.

HornedLion posted...

I have a Condo and a house. Issue is that I dont like how close my neighbors are to my house, and the condo is well a condo.

I want a house a bit more secluded.

Now, I could sell both and get what I want. But what kind of stupid shit is that? Trade two properties for one?

Why do you need two properties?

i will never own a home because I will never have kids
i'm too old at this point

It sucks, I'm trying to build a house, and the prices are obscene.
Fuck the Federal Reserve for creating this mess, along w/ the spineless and corrupt politicians that let Blackrock buy up homes as investments.

Fierce_Deity_08 posted...

I hope it doesnt crash until we sell our house in Oakland. We put a lot of money into that house to make it look nice.

Are you buying a home to move to from that home? Cause then you'll be hit w/ the seller's market on that end anyway. High home prices only benefit those moving out of houses like the elderly or those who own multiple homes (who generally are well off and don't need the help).

streamofthesky posted...

Are you buying a home to move to from that home? Cause then you'll be hit w/ the seller's market on that end anyway. High home prices only benefit those moving out of houses like the elderly or those who own multiple homes (who generally are well off and don't need the help).

No, its just a house that mom inherited from her brother. We dont really need to upkeep two houses, especially when they are at least three hours away from each other.

Lonestar2000 posted...

Why do you need two properties?

I dont. I actually have the house rented out and live in the Condo. Its a townhouse style condo and pretty big but the neighbors are even closer than if I would live in the actual house.

I just want more space between me and my neighbors. I like having a long wooded drive way into a small clearing where my house would be.

https://www.youtube.com/watch?v=9xSaupsPnA4