\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Housing market is in the beginning of an epic crash 💥

Started noticing houses having multiple reductions in listin...
razzle dragon
  05/19/22
They didn't win. They will be paying double the interest on...
White talented national
  05/19/22
We are paying in cash up front
insecure address reading party
  05/19/22
Are u going to be a slumlord?
Ebony Puppy
  05/19/22
If we buy a house we will turn my condo into an airbnb
insecure address reading party
  05/19/22
dont get too excited, those reductions are on a 40% over val...
chestnut charismatic stage
  05/20/22
...
nubile home
  05/19/22
??? My asshole neighbor bought house for $600k in 2015 and j...
filthy at-the-ready degenerate rigor
  05/19/22
He barely got it done. There is a delay; buyer prob locked i...
razzle dragon
  05/19/22
Is mortgage lender / refi shop a bad business to be in right...
filthy at-the-ready degenerate rigor
  05/19/22
Of course, it's a volume business, people are going to cling...
Dead incel stag film
  05/20/22
what do you do after that? if you're leaving the area for...
shaky electric alpha
  05/19/22
And the $1.4m might "crash" to $1.2m but at the en...
Appetizing sickened gaping cruise ship
  05/19/22
Interest rates are way too high. Saw a few sellers trying to...
razzle dragon
  05/19/22
Next door neighbor listed at $525 and sold at $610 with 30 o...
vibrant buff halford public bath
  05/19/22
That seems to be the last viable tactic. List way under and ...
razzle dragon
  05/19/22
But there were 30 bids. OP is overblown.
vibrant buff halford public bath
  05/19/22
houses in that range are still selling very quickly. Even ho...
Gold narrow-minded principal's office
  05/19/22
It’s a nice but middle of the road suburb in flyover. ...
vibrant buff halford public bath
  05/19/22
lol. homes over $1m still going strong. people are still usi...
pungent pit
  05/19/22
Op seems to be ignoring that rich chinese mofos will always ...
filthy at-the-ready degenerate rigor
  05/19/22
please. Okay, homes aren't appreciating at 25% YOY but still...
Spectacular navy space feces
  05/19/22
So they're appreciating at the inflation rate. They're ther...
boyish irate gaming laptop round eye
  05/19/22
Much better to invest money in stocks and lose 30% cash valu...
White talented national
  05/19/22
Eh, tell me why I care about appreciation being “only&...
Blathering marketing idea
  05/22/22
You’re delusional. Asset prices are down 20% across th...
Fragrant Trump Supporter
  05/19/22
Not seeing it.
alcoholic metal kitchen
  05/19/22
The median price of an existing home sold in April was $391,...
bright big-titted menage goal in life
  05/19/22
april sales based on 2.5% rates locked in in feb. wait two m...
embarrassed to the bone cuckold brethren
  05/19/22
as long as the rates don't go above 7%, smart millennials wi...
bright big-titted menage goal in life
  05/19/22
lol @ smart and millennials in the same sentence
embarrassed to the bone cuckold brethren
  05/19/22
2.5% rates were gone by February.
White talented national
  05/19/22
not true. i locked in at 2.25% on feb 10th. deal fell though...
embarrassed to the bone cuckold brethren
  05/19/22
...
concupiscible clown
  05/19/22
Good. Can’t wait for dem lower property taxes.
ivory stead
  05/19/22
Open borders + foreign cash buyers + BlackRock and inves...
cracking queen of the night
  05/19/22
...
twinkling aphrodisiac keepsake machete stage
  05/19/22
...
chestnut charismatic stage
  05/20/22
I was wondering how people could afford homes when interest ...
adventurous casino
  05/19/22
I've noticed practically zero weakness in the real estate ma...
mint base jewess
  05/19/22
where?
hateful razzmatazz temple immigrant
  05/19/22
Still selling for over asking in our area but it's taking a ...
Glittery abusive liquid oxygen
  05/19/22
https://www.wsj.com/articles/more-subprime-borrowers-are-mis...
Bespoke indigo becky kitty
  05/19/22
...
nubile home
  05/19/22
Who's still handing out subprime mortgages? Lmao
Curious Death Wish Indirect Expression
  05/19/22
Banks who don't get ass fucked by regulators for being racis...
racy twisted tanning salon
  05/22/22
This is not about housing. "Consumers with low credi...
Appetizing sickened gaping cruise ship
  05/19/22
exactly. this caused a crash last time because too many subp...
aquamarine magical gas station
  05/19/22
biggest sign of the peak are all the proles on https://www.r...
insanely creepy dashing school
  05/19/22
why are redditors so poor?
Amethyst violent range
  05/19/22
they are SO poor
High-end adulterous useless brakes
  05/19/22
...
Sapphire office
  05/19/22
...
aquamarine magical gas station
  05/19/22
Housing will be fine. You misspelled stock market.
deranged laughsome twinkling uncleanness
  05/19/22
Oh no, now I won’t be able to live in my SFH for a mon...
Anal Ape
  05/19/22
And job losses + the fed selling their MBS hasn’t even...
concupiscible clown
  05/19/22
To the extent there are still brisk sales, that is for the l...
razzle dragon
  05/19/22
He says hopefully. The fact that a huge portion of people p...
Appetizing sickened gaping cruise ship
  05/19/22
Dems helpfully support mainstream adoption of 40 year mortga...
Shivering main people
  05/19/22
Very kind of them.
Appetizing sickened gaping cruise ship
  05/19/22
...
vibrant buff halford public bath
  05/19/22
outside of America, home ownership is the exception rather t...
bright big-titted menage goal in life
  05/19/22
Kids live at their parents’ house in the US as well. ...
Shivering main people
  05/19/22
They’ll point to japans 100 year mortgage and tell you...
Cheese-eating library
  05/20/22
...
hateful razzmatazz temple immigrant
  05/22/22
It's over
Confused Vivacious Skinny Woman
  05/19/22
which market are you talking about? re is hyper local
Ruddy coffee pot preventive strike
  05/19/22
Yep. But also hard to avoid larger economic fundamentals...
Stirring pea-brained parlor
  05/19/22
Dow reference was solid prole tell.
Shivering main people
  05/19/22
Even in my market, with an average sales price of $2.5M, man...
Stirring pea-brained parlor
  05/19/22
Maybe at high end. Most people buying <$1m houses are not...
Shivering main people
  05/19/22
Yeah, it's all just regular proles saving their nickels unti...
Anal Ape
  05/20/22
larger economic fundamentals are always a relevant input, bu...
Ruddy coffee pot preventive strike
  05/19/22
It’s over!!!!
razzle dragon
  05/19/22
(MAF nohousemo wishful thinking)
Hyperventilating philosopher-king
  05/20/22
Harsh but fair
razzle dragon
  05/20/22
there’s a lot more working against a crash than for it...
Outnumbered heady brunch roast beef
  05/20/22
If you own a home today and are moving and make a topping bi...
Hairraiser transparent point hairy legs
  05/20/22
I live in an area on the west coast where, just 4 months ago...
concupiscible clown
  05/21/22
OP just wanted to let you know that my House went up in valu...
alcoholic metal kitchen
  05/22/22
The websites are doing that for web traffic. It’s all ...
razzle dragon
  05/22/22
👌
alcoholic metal kitchen
  05/22/22
I sure hope so. I want it to burn down hard af.
diverse institution crotch
  05/22/22
Lots of posts about buyers backing out on r/RealEstate: h...
concupiscible clown
  05/22/22
good post -- seems like it's softening
Ruddy coffee pot preventive strike
  05/22/22
...
razzle dragon
  07/21/22
new thoughts?
nubile home
  07/21/22
i'm anecdotally seeing more and more price cuts and more and...
embarrassed to the bone cuckold brethren
  07/21/22
The feeding frenzy is definitely over. Problem is there is s...
razzle dragon
  07/21/22
I kind of agree with this for my market. Inventory is defini...
wonderful mad-dog skullcap circlehead
  07/21/22
the u.s. housing market will never go down, let alone crash....
bateful pistol
  07/21/22
Whoa cr. Explain tho
alcoholic metal kitchen
  07/21/22
...
razzle dragon
  10/25/22
i'm seeing a ton of price reductions in my once radioactivel...
Flickering nursing home pisswyrm
  10/25/22
17% of listings in Boise, ID have had price reductions in th...
seedy comical forum
  10/25/22
...
razzle dragon
  05/04/23
Replace "Housing" with "Crypto" and OP w...
know-it-all locale
  05/04/23
Wow totally crashing! https://www.cnbc.com/amp/2023/06/27...
fuchsia location mood
  06/27/23
MODS! That's ImanageCat's house.
racy twisted tanning salon
  08/03/23
nohousemos are FUCKED
rusted wild ticket booth laser beams
  06/27/23
OMG, can’t believe how much it has crashed!!! https...
fuchsia location mood
  08/03/23
Is that supposed to mean something?
Cerebral crackhouse
  08/03/23
She posts weird shit like that
nubile home
  08/03/23
...
Alabama Bangs
  12/10/25
OP was obviously overly dramatic but is increasingly looking...
scholarshipalt
  12/10/25
there are no young people who want to drive 45 minutes to an...
Ozzie Canseco
  12/10/25
My asshole neighbor bought their house for 400k in 2008. ...
...,....,,........
  12/10/25


Poast new message in this thread



Reply Favorite

Date: May 19th, 2022 11:02 AM
Author: razzle dragon

Started noticing houses having multiple reductions in listing prices. Staying on market for weeks. Sellers are fucked. They missed the boat. To the XO pumos who were waiting the market out. Congrats you won.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44537991)



Reply Favorite

Date: May 19th, 2022 11:31 AM
Author: White talented national

They didn't win. They will be paying double the interest on mortgage payments, which overrides savings on the purchase price.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538130)



Reply Favorite

Date: May 19th, 2022 11:43 AM
Author: insecure address reading party

We are paying in cash up front

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538195)



Reply Favorite

Date: May 19th, 2022 2:48 PM
Author: Ebony Puppy

Are u going to be a slumlord?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539366)



Reply Favorite

Date: May 19th, 2022 6:00 PM
Author: insecure address reading party

If we buy a house we will turn my condo into an airbnb

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540453)



Reply Favorite

Date: May 20th, 2022 10:46 AM
Author: chestnut charismatic stage

dont get too excited, those reductions are on a 40% over valued amount

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44543638)



Reply Favorite

Date: May 19th, 2022 11:02 AM
Author: nubile home



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44537992)



Reply Favorite

Date: May 19th, 2022 11:03 AM
Author: filthy at-the-ready degenerate rigor

??? My asshole neighbor bought house for $600k in 2015 and just sold it for $1.4 million

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44537996)



Reply Favorite

Date: May 19th, 2022 11:05 AM
Author: razzle dragon

He barely got it done. There is a delay; buyer prob locked in mortgage rate in March when market was still hot. It’s over now

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538007)



Reply Favorite

Date: May 19th, 2022 11:10 AM
Author: filthy at-the-ready degenerate rigor

Is mortgage lender / refi shop a bad business to be in right now?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538029)



Reply Favorite

Date: May 20th, 2022 9:19 AM
Author: Dead incel stag film

Of course, it's a volume business, people are going to cling to their 2.5-3.5% mortgages forever now.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44543316)



Reply Favorite

Date: May 19th, 2022 11:27 AM
Author: shaky electric alpha

what do you do after that?

if you're leaving the area for a cheaper one, the answer is straightforward. but if you want a similar or nicer home in the same area, it's pretty hard to upgrade. your monthly payments could balloon significantly

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538117)



Reply Favorite

Date: May 19th, 2022 11:48 AM
Author: Appetizing sickened gaping cruise ship

And the $1.4m might "crash" to $1.2m but at the end of the day, it'll be expensive as shit.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538232)



Reply Favorite

Date: May 19th, 2022 11:04 AM
Author: razzle dragon

Interest rates are way too high. Saw a few sellers trying to market shitty ranch houses for way too much. Getting no bites now. Would have sold in a day 3 months ago. They waited too long!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538000)



Reply Favorite

Date: May 19th, 2022 11:04 AM
Author: vibrant buff halford public bath

Next door neighbor listed at $525 and sold at $610 with 30 offers in two days last weekend.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538001)



Reply Favorite

Date: May 19th, 2022 11:06 AM
Author: razzle dragon

That seems to be the last viable tactic. List way under and see if you can confuse the buyer into making too large of a bid

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538011)



Reply Favorite

Date: May 19th, 2022 11:11 AM
Author: vibrant buff halford public bath

But there were 30 bids. OP is overblown.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538032)



Reply Favorite

Date: May 19th, 2022 1:47 PM
Author: Gold narrow-minded principal's office

houses in that range are still selling very quickly. Even houses in the nicer part of my neighborhood listed up to around $1.3M only stay on the market for around 2 weeks.

The houses that start approaching $2M or above and have like 6 beds seem to be languishing on the market.

I don't see the demand changing much for modest 3-4 bed houses.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539034)



Reply Favorite

Date: May 19th, 2022 2:53 PM
Author: vibrant buff halford public bath

It’s a nice but middle of the road suburb in flyover. Hoping you’re right about sales in this price range bc we’re going to be selling later this year but aren’t ready to yet.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539387)



Reply Favorite

Date: May 19th, 2022 11:08 AM
Author: pungent pit

lol. homes over $1m still going strong. people are still using stock money to pay for homes as cash.

now if the stock dips another 20%+, then people will start to feel they are selling stocks on the cheap. right now plenty of people are willing to trade stocks at these high prices for something like real estate

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538019)



Reply Favorite

Date: May 19th, 2022 11:11 AM
Author: filthy at-the-ready degenerate rigor

Op seems to be ignoring that rich chinese mofos will always need a place to park their ill-gotten cash. PE firms too.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538035)



Reply Favorite

Date: May 19th, 2022 11:10 AM
Author: Spectacular navy space feces

please. Okay, homes aren't appreciating at 25% YOY but still like 10-12%.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538026)



Reply Favorite

Date: May 19th, 2022 11:11 AM
Author: boyish irate gaming laptop round eye

So they're appreciating at the inflation rate. They're therefore not appreciating at all, the dollars the value is denominated in are just worth less.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538031)



Reply Favorite

Date: May 19th, 2022 11:33 AM
Author: White talented national

Much better to invest money in stocks and lose 30% cash value this year!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538135)



Reply Favorite

Date: May 22nd, 2022 9:36 AM
Author: Blathering marketing idea

Eh, tell me why I care about appreciation being “only” 10% when my LTV is 80%?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44553150)



Reply Favorite

Date: May 19th, 2022 6:43 PM
Author: Fragrant Trump Supporter

You’re delusional. Asset prices are down 20% across the board (except RE, yet). How do you think people finance purchases? What happens to demand when the prospective purchaser is 20% poorer?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540633)



Reply Favorite

Date: May 19th, 2022 11:11 AM
Author: alcoholic metal kitchen

Not seeing it.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538034)



Reply Favorite

Date: May 19th, 2022 11:15 AM
Author: bright big-titted menage goal in life

The median price of an existing home sold in April was $391,200, the highest on record and an increase of 14.8% from a year ago.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538052)



Reply Favorite

Date: May 19th, 2022 11:21 AM
Author: embarrassed to the bone cuckold brethren

april sales based on 2.5% rates locked in in feb. wait two months.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538085)



Reply Favorite

Date: May 19th, 2022 11:27 AM
Author: bright big-titted menage goal in life

as long as the rates don't go above 7%, smart millennials will be buyers, provided the govt keeps the mortgage interest tax deductions

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538118)



Reply Favorite

Date: May 19th, 2022 12:24 PM
Author: embarrassed to the bone cuckold brethren

lol @ smart and millennials in the same sentence

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538426)



Reply Favorite

Date: May 19th, 2022 11:33 AM
Author: White talented national

2.5% rates were gone by February.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538137)



Reply Favorite

Date: May 19th, 2022 12:25 PM
Author: embarrassed to the bone cuckold brethren

not true. i locked in at 2.25% on feb 10th. deal fell though, tho, fml.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538427)



Reply Favorite

Date: May 19th, 2022 1:44 PM
Author: concupiscible clown



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539017)



Reply Favorite

Date: May 19th, 2022 11:18 AM
Author: ivory stead

Good. Can’t wait for dem lower property taxes.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538070)



Reply Favorite

Date: May 19th, 2022 11:23 AM
Author: cracking queen of the night

Open borders +

foreign cash buyers +

BlackRock and investors buying up SFHs +

NIMBY restrictions on building +

labor shortage in the trades +

proles overextending themselves thinking they may never get on the property ladder =

I don’t think it’s coming back anytime soon

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538095)



Reply Favorite

Date: May 19th, 2022 2:56 PM
Author: twinkling aphrodisiac keepsake machete stage



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539401)



Reply Favorite

Date: May 20th, 2022 10:49 AM
Author: chestnut charismatic stage



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44543662)



Reply Favorite

Date: May 19th, 2022 11:26 AM
Author: adventurous casino

I was wondering how people could afford homes when interest rates were under 3%, but now that they are over 5%, a lot of these people can't even qualify to be house poor. Our loan officers are struggling bigly. We are laying off people left and right. Doesn't look good.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538113)



Reply Favorite

Date: May 19th, 2022 11:28 AM
Author: mint base jewess

I've noticed practically zero weakness in the real estate market in the San Fernando Valley.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538122)



Reply Favorite

Date: May 19th, 2022 11:34 AM
Author: hateful razzmatazz temple immigrant

where?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538138)



Reply Favorite

Date: May 19th, 2022 11:34 AM
Author: Glittery abusive liquid oxygen

Still selling for over asking in our area but it's taking a bit longer. They were going almost instantly.

I wonder if in a couple months the new starts will slow up making it a good chance to build (for a rental).

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538144)



Reply Favorite

Date: May 19th, 2022 11:35 AM
Author: Bespoke indigo becky kitty

https://www.wsj.com/articles/more-subprime-borrowers-are-missing-loan-payments-11652952602

we're in for a crash

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538147)



Reply Favorite

Date: May 19th, 2022 11:41 AM
Author: nubile home



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538186)



Reply Favorite

Date: May 19th, 2022 11:46 AM
Author: Curious Death Wish Indirect Expression

Who's still handing out subprime mortgages? Lmao

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538211)



Reply Favorite

Date: May 22nd, 2022 9:13 AM
Author: racy twisted tanning salon

Banks who don't get ass fucked by regulators for being racist. Not ame.

#1 cause of the 2008 crisis was the fedgov forcing banks to make shortly loans to minorities.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44553101)



Reply Favorite

Date: May 19th, 2022 11:49 AM
Author: Appetizing sickened gaping cruise ship

This is not about housing.

"Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the U.S. is coming to an end."

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538237)



Reply Favorite

Date: May 19th, 2022 7:15 PM
Author: aquamarine magical gas station

exactly. this caused a crash last time because too many subprime borrowers got mortgages. is that still the case?

when the economy dips subprime people (i.e. people with no money that lose their jobs) are going to stop paying loans because they no longer have the money to pay them. shocking.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540761)



Reply Favorite

Date: May 19th, 2022 11:45 AM
Author: insanely creepy dashing school

biggest sign of the peak are all the proles on https://www.reddit.com/r/FirstTimeHomeBuyer/

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538206)



Reply Favorite

Date: May 19th, 2022 12:04 PM
Author: Amethyst violent range

why are redditors so poor?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538310)



Reply Favorite

Date: May 19th, 2022 12:09 PM
Author: High-end adulterous useless brakes

they are SO poor

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538337)



Reply Favorite

Date: May 19th, 2022 1:46 PM
Author: Sapphire office



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539031)



Reply Favorite

Date: May 19th, 2022 7:15 PM
Author: aquamarine magical gas station



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540762)



Reply Favorite

Date: May 19th, 2022 12:10 PM
Author: deranged laughsome twinkling uncleanness

Housing will be fine. You misspelled stock market.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538344)



Reply Favorite

Date: May 19th, 2022 12:14 PM
Author: Anal Ape

Oh no, now I won’t be able to live in my SFH for a monthly payment less than urban hellhole rent locked in for 30 years at an interest rate far below inflation with tax benefits. And the mark-to-market losses on Zillow will make me cry!

I wish I could be a gloomy contrarian who owns nothing instead!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44538358)



Reply Favorite

Date: May 19th, 2022 1:42 PM
Author: concupiscible clown

And job losses + the fed selling their MBS hasn’t even started yet. Lol.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539008)



Reply Favorite

Date: May 19th, 2022 2:43 PM
Author: razzle dragon

To the extent there are still brisk sales, that is for the last couple fools who are buying right before the collapse. These morons had 2 years to buy. It’s over. You’ve been warned. Great collapse is coming!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539339)



Reply Favorite

Date: May 19th, 2022 3:28 PM
Author: Appetizing sickened gaping cruise ship

He says hopefully. The fact that a huge portion of people predicting a housing crash are people desperate to buy a house is the exact reason there won't be a real crash.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539573)



Reply Favorite

Date: May 19th, 2022 3:30 PM
Author: Shivering main people

Dems helpfully support mainstream adoption of 40 year mortgage to help needy young couples have a shot at the American dream

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539590)



Reply Favorite

Date: May 19th, 2022 3:41 PM
Author: Appetizing sickened gaping cruise ship

Very kind of them.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44539644)



Reply Favorite

Date: May 19th, 2022 6:54 PM
Author: vibrant buff halford public bath



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540676)



Reply Favorite

Date: May 19th, 2022 6:59 PM
Author: bright big-titted menage goal in life

outside of America, home ownership is the exception rather than the rule; in Europe, even well off children with jobs live with their parents; Americans are spoiled brats

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540694)



Reply Favorite

Date: May 19th, 2022 7:07 PM
Author: Shivering main people

Kids live at their parents’ house in the US as well.

My point of course was that well intentioned dems still have a move to keep inflating home prices and further encumbering their constituents. It’s like what we do with student loans.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540733)



Reply Favorite

Date: May 20th, 2022 9:26 AM
Author: Cheese-eating library

They’ll point to japans 100 year mortgage and tell you 40 is nbd

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44543341)



Reply Favorite

Date: May 22nd, 2022 9:44 AM
Author: hateful razzmatazz temple immigrant



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44553173)



Reply Favorite

Date: May 19th, 2022 7:01 PM
Author: Confused Vivacious Skinny Woman

It's over

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540707)



Reply Favorite

Date: May 19th, 2022 7:03 PM
Author: Ruddy coffee pot preventive strike

which market are you talking about? re is hyper local

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540718)



Reply Favorite

Date: May 19th, 2022 7:06 PM
Author: Stirring pea-brained parlor

Yep.

But also hard to avoid larger economic fundamentals.

Higher rates + inflation + crashing dow/S&P means fewer dollars chasing after real estate. Even in expensive markets many people fund purchases with stock market gains.

We shall see!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540731)



Reply Favorite

Date: May 19th, 2022 7:09 PM
Author: Shivering main people

Dow reference was solid prole tell.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540737)



Reply Favorite

Date: May 19th, 2022 7:10 PM
Author: Stirring pea-brained parlor

Even in my market, with an average sales price of $2.5M, many fund RE by cashing out gains.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540747)



Reply Favorite

Date: May 19th, 2022 7:13 PM
Author: Shivering main people

Maybe at high end. Most people buying <$1m houses are not funding with taxable brokerage accounts.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540758)



Reply Favorite

Date: May 20th, 2022 12:01 AM
Author: Anal Ape

Yeah, it's all just regular proles saving their nickels until they have $200k.

Everyone buying an adequate house in a good town (i.e. $600k+) without parental support is funding down payment and closing costs from stock/crypto gains. You could have bought literally any risk asset including imaginary fraud internet money, stock of bad companies in dying industries, and Pokemon cards at any point from 2009-2022 and made gains. Not everyone is a risk-averse retard stuffing their mattress.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44542361)



Reply Favorite

Date: May 19th, 2022 7:13 PM
Author: Ruddy coffee pot preventive strike

larger economic fundamentals are always a relevant input, but they are not dispositive of price on a local market basis. agree with everything you're saying conceptually, but it doesn't help anyone decide whether they should buy in a given city or neighborhood or block rn

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44540754)



Reply Favorite

Date: May 19th, 2022 11:55 PM
Author: razzle dragon

It’s over!!!!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44542326)



Reply Favorite

Date: May 20th, 2022 9:42 AM
Author: Hyperventilating philosopher-king

(MAF nohousemo wishful thinking)

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44543373)



Reply Favorite

Date: May 20th, 2022 10:20 AM
Author: razzle dragon

Harsh but fair

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44543544)



Reply Favorite

Date: May 20th, 2022 9:49 AM
Author: Outnumbered heady brunch roast beef

there’s a lot more working against a crash than for it

structural shortage of supply, massive equity in homes such that even people facing foreclosure are not in the red, continuing inflation, etc

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44543398)



Reply Favorite

Date: May 20th, 2022 10:55 AM
Author: Hairraiser transparent point hairy legs

If you own a home today and are moving and make a topping bid offer on a new home, then can move to sell your old house, aren't you asking for a lot of risk given the shaky ground?

You own two homes at the top of the market have have to sell one

If you already sold, then you are sitting pretty and maybe indifferent--that group could be the last gasp buyers out there.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44543692)



Reply Favorite

Date: May 21st, 2022 4:33 PM
Author: concupiscible clown

I live in an area on the west coast where, just 4 months ago, sellers were getting dozens of offers and houses were consistently selling for $200k over asking.

Now I’m watching several listings around me that have price reductions. In one case, they’ve made two significant price reductions in the last three weeks. And we’re just getting started 😎

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44550542)



Reply Favorite

Date: May 22nd, 2022 9:06 AM
Author: alcoholic metal kitchen

OP just wanted to let you know that my House went up in value again today. 💸

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44553096)



Reply Favorite

Date: May 22nd, 2022 9:41 AM
Author: razzle dragon

The websites are doing that for web traffic. It’s all illusory

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44553162)



Reply Favorite

Date: May 22nd, 2022 9:45 AM
Author: alcoholic metal kitchen

👌

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44553178)



Reply Favorite

Date: May 22nd, 2022 9:54 AM
Author: diverse institution crotch

I sure hope so. I want it to burn down hard af.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44553202)



Reply Favorite

Date: May 22nd, 2022 1:26 PM
Author: concupiscible clown

Lots of posts about buyers backing out on r/RealEstate:

https://www.reddit.com/r/RealEstate/comments/uv0rcc/house_buyer_is_having_buyers_remorse_because_of

https://www.reddit.com/r/RealEstate/comments/uss4bl/buyer_backing_out_8_days_before_closing

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44554006)



Reply Favorite

Date: May 22nd, 2022 1:27 PM
Author: Ruddy coffee pot preventive strike

good post -- seems like it's softening

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44554017)



Reply Favorite

Date: July 21st, 2022 1:29 PM
Author: razzle dragon



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44888643)



Reply Favorite

Date: July 21st, 2022 1:30 PM
Author: nubile home

new thoughts?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44888649)



Reply Favorite

Date: July 21st, 2022 1:31 PM
Author: embarrassed to the bone cuckold brethren

i'm anecdotally seeing more and more price cuts and more and more shit sit on the market longer

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44888656)



Reply Favorite

Date: July 21st, 2022 1:32 PM
Author: razzle dragon

The feeding frenzy is definitely over. Problem is there is still plenty of buyers (2-3 offers versus 50-60). So homes are still selling. Middle class is done. Feels like there is maybe another 3 months through summer of an ability to sell at list and then a huge crash.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44888667)



Reply Favorite

Date: July 21st, 2022 1:37 PM
Author: wonderful mad-dog skullcap circlehead

I kind of agree with this for my market. Inventory is definitely increasing. Not sure about offers. My sense is that a lot of sellers are eager to get out of their houses now and buyers are more cautious.

At this point the market isn’t just people looking for a single family home. It’s a lot of players with money that are looking for non-primary residence single family homes who can jump in and out whenever they want.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44888698)



Reply Favorite

Date: July 21st, 2022 1:31 PM
Author: bateful pistol

the u.s. housing market will never go down, let alone crash. never. take that to the bank

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44888659)



Reply Favorite

Date: July 21st, 2022 1:39 PM
Author: alcoholic metal kitchen

Whoa cr. Explain tho

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#44888722)



Reply Favorite

Date: October 25th, 2022 9:41 AM
Author: razzle dragon



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#45386128)



Reply Favorite

Date: October 25th, 2022 9:45 AM
Author: Flickering nursing home pisswyrm

i'm seeing a ton of price reductions in my once radioactively hot local market. nothing significant, but it's a good sign.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#45386148)



Reply Favorite

Date: October 25th, 2022 9:52 AM
Author: seedy comical forum

17% of listings in Boise, ID have had price reductions in the last week. 15.5% in Austin. Compare that to a more stable housing market (Chicago), where only 9% of homes have seen a reduction in asking price in the last week. The ship is turning, but it will take a while for significant price drops to happen. Come back next year for an update.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#45386172)



Reply Favorite

Date: May 4th, 2023 3:06 PM
Author: razzle dragon



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#46270260)



Reply Favorite

Date: May 4th, 2023 3:07 PM
Author: know-it-all locale

Replace "Housing" with "Crypto" and OP was spot on!!!

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#46270264)



Reply Favorite

Date: June 27th, 2023 11:28 AM
Author: fuchsia location mood

Wow totally crashing!

https://www.cnbc.com/amp/2023/06/27/home-prices-rose-for-third-straight-month-in-april-sp-case-shiller.html

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#46479253)



Reply Favorite

Date: August 3rd, 2023 10:20 PM
Author: racy twisted tanning salon

MODS!

That's ImanageCat's house.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#46627566)



Reply Favorite

Date: June 27th, 2023 11:29 AM
Author: rusted wild ticket booth laser beams

nohousemos are FUCKED

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#46479256)



Reply Favorite

Date: August 3rd, 2023 10:19 PM
Author: fuchsia location mood

OMG, can’t believe how much it has crashed!!!

https://redf.in/IpKgJA

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#46627561)



Reply Favorite

Date: August 3rd, 2023 10:34 PM
Author: Cerebral crackhouse

Is that supposed to mean something?

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#46627602)



Reply Favorite

Date: August 3rd, 2023 10:48 PM
Author: nubile home

She posts weird shit like that

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#46627641)



Reply Favorite

Date: December 10th, 2025 1:59 PM
Author: Alabama Bangs



(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#49499747)



Reply Favorite

Date: December 10th, 2025 2:00 PM
Author: scholarshipalt

OP was obviously overly dramatic but is increasingly looking like prices could just go sideways for a pretty long time. At some point the population pyramid becomes inevitable

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#49499760)



Reply Favorite

Date: December 10th, 2025 2:02 PM
Author: Ozzie Canseco

there are no young people who want to drive 45 minutes to and from a city every day to finance a 1mm dollar+ house to work a horseshit job that they barely got in the first place.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#49499764)



Reply Favorite

Date: December 10th, 2025 2:02 PM
Author: ...,....,,........

My asshole neighbor bought their house for 400k in 2008.

They tried listing it for $950k, lol!

It's been on the market for almost a year. They've already had to drop the price twice.

The house is beautiful, but nobody in this fucking subdivision has paid north of $600k for any house over here.

(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2id.#49499766)