It goes down in coastal areas but refuses to correct in rural areas for some reason. Average NPC have not gotten the message that the bubble is over, so in effect housing has not gone down for most people who need one.>I know what I got
>>56142570The reason is the pod dwellers are getting wise and leaving the cities. We should keep them in their pods.
>>56142552>Population decline>Rising rate environmentAll that fake equity will be wiped out wether boomers like it or not, in order to prop up the housing market you would need more immigrants and more monetary stimulation which would make inflation skyrocker and most people have had enough of immigrants and inflation
>Bought modest house 10 years ago for 165k>Now worth 400k>Put crypto profits into penalty free redemptions and pay off 80% of the mortgage>Keeping the remaining 20% because it nets me a tax benefit>interest locked at 1.99% for the remaining 20 years.>pay 180 euro per monthI haven't made it but god damn, sometimes it sure feels like it.
>>56142570>refuses to correct in rural areas for some reason.city slickers see cheap housing and raise the demandto a code monkey used to living in an area full of millionaires, a $400k house is a bargain
biz is useful because it usually presents both sides of the argument. the key is you can't be retarded and have to know which side is reality.housing is going to dump 30-60% because people can't afford to live on their shitty wages. what people want doesnt matter, what they can actually pay is all that matters.
>>56142570I own a house 10 minutes from a world famous beach. It’s in one of the only non-flooding zones in a 10 mile radius. My home value will never go down.
>>56142552housing is worthless when you realize how much tax and interest you pay.
>>56142570ruraloids are perpetually 20 years behind coastal elites. many such cases!
>>56143036>state representative ari blattstein gets a kickback to approve beachfront section 8 housing
>>56143036what if someone sets your house on fire will it go down in value?
>>56142570>It goes down in coastal areas but refuses to correct in rural areas for some reason.random suburbs and rural areas don't have the same run up in price to fall from. there's way less population spike in either direction and people don't really lose super high paying jobs out there, as they aren't in them in the first place.it's overall a less volatile geography, for better or worse.
>>56142903>Population declinethere is no population decline.Germany reported a new ATH of people within its boarders just this year.>muh population decline>muh demographic shiftis fud
>>56143036>I own a house 10 minutes from a world famous beachFuck seagulls
>>56142552there is an elephant in the room for the eu housing market that all the realtors are lying to you aboutthe eu green/sustainable directives demand that all houses conform to a energy efficiency standard that is basically unachievable for most existing homesthe current guess work is that 80-90% of houses in north western europe will not to be torn down by 2050 when this scheme reaches its endpointso congrats on this recent hoomers, not only did you buy the boomers bag and relieved them right before the end, you now also purchased a net negative asset for which you will be on the hook for the demolition coststl;dr dont buy a home in europe, get on gibs housing until you can leave forever
>>56142552Can Powell go ahead and FOR THE LOVE OF GOD REDUCE THE RATES ALREADY. My wifey told me that she's not putting out until the Zestimate™ is green again and she's turning 28 in 293 days. I don't have much time left.
>>56143036You'll be surrounded by a bunch of future doctors and astronauts soon enough
>>56142552Shills who said>get in on the ground floorshould get the rope
>>56142552>yuropoor shitdid not read do not care
>>56142560Kek imagine how bad our crash will be when everyone wakes up and realizes their neighborhood is 60% spics niggers and pajeets and their house is made of paper and bulsa wood instead of bricks and plaster like in Germoney
>>56143134There's a decline of competent productive population. Niggers are a liability otherwise people would be investing in Africa.
>>56143152the vax proved that law is a meme and nothing will happen to you if you ignore it
>>56143036My state is building a new university around 100m from my house. Shouldn't be hard to rent out mine in the future.
>>56142552>newly built homes 0.07%Wrong again, Hans.Have you considered buying a newly built home, instead of being a broke germoid?
>>56142552Housing will be priced in satoshis in 2030s and blackrock will be seething and begging for our bitcoins we keep taking off exchange that we never sell to wall street poorfags.
>>56143072Only retards rent.
>>56142574>We should keep them in their pods.We need to quarantine the cities now before the filthy city vermin spread to everywhere else.let no one out of the city. lock it down.
>>56142938ya done good anon. real good.
>>56142938Why are you paying off your mortgage early if it's financed at 2%
>>56142560>>56146672What is your problem?