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h-hey guys? the housing market is about to do a fucking thing

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  • #121
    funny that this article just dropped, i was looking at whats available in the PNW earlier today and i can already see more houses on the market than a month ago, like by a large margin.

    https://www.bloomberg.com/opinion/ar...y-chilling-out

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    • Sanlmar
      #121.1
      Sanlmar commented
      06-05-2022, 07:53 PM
      Editing a comment
      The end of free money. Was fun
  • #122
    https://texags.com/forums/59/topics/3295458

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    • #123
      Click image for larger version Name: 32BBAFB8-F7D0-4388-A95A-5CD4D56F3B11.png Views: 164 Size: 301.2 KB ID: 10164

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      • #124

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        • #125
          AWWWYEAH

          whole thread is amazing

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          • #126
            https://www.bloomberg.com/opinion/ar...ortgage-crisis


            so apparently a great, great many chinese mortgages are taken out against homes that are being constructed, which became a problem when the builders couldnt/wouldnt finish the homes, and now theres basically a boycott where borrowers are simply refusing to pay the mortgages.

            and apparently there are a lot of them doing this. like a LOT a lot.

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            • #127
              I guess creating Covid in that lab wasn't such a hot idea after all
              • Likes 1

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              • #128
                https://www.reuters.com/business/fin...es-2022-07-15/

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                • #129
                  the pounding drums get louder.

                  https://www.dailymail.co.uk/news/art...valued-72.html

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                  • #130
                    My house now valued at just over 600k. 6 months ago was 700k. 3 years ago was just over 400k. Insane market in Canada.

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                    • #131
                      Originally posted by betcheckbet View Post
                      My house now valued at just over 600k. 6 months ago was 700k. 3 years ago was just over 400k. Insane market in Canada.
                      my house is currently up 80% since covid landed.

                      id love to sell but then i end up paying 3x my current mortgage because everything else is overpriced and the interest rates are ludicrous. its honestly fucking wild.

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                      • #132
                        mortgage lenders are starting to go broke

                        https://moneywise.com/mortgages/mort...ders-are-broke

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                        • #133
                          https://finance.yahoo.com/news/mortg...140011361.html

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                          • #134
                            Seems like there is still a significant amount of pent up demand waiting on the sidelines. I am curious to see what happens when one of the large institutional holders decides to say fuck it and unload a ton of units.

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                            • #135
                              Originally posted by gauchojake View Post
                              Seems like there is still a significant amount of pent up demand waiting on the sidelines. I am curious to see what happens when one of the large institutional holders decides to say fuck it and unload a ton of units.
                              the last time we saw anything close to this was zillow unwinding their catastrophic AI gambit, and if memory serves the market barely noticed, but i absolutely agree that there must be _some_ sort of tipping point coming..

                              like surely there is a line in the sand where they realize that they are holding onto an incredibly expensive balloon thanks to property taxes and a topped market and mortgage rates that are locking out buyers and start undercutting the 'retail' home sellers and ostensibly each other in short order..

                              i agree tho that there could be a real 'first domino falling' dynamic to one of the big holders being forced to convert their holdings to cash. with so few buyers, the other big holders will have to hit the bid to cover their monthly nuts, and that could absolutely 100% create a feedback loop of largely alg driven price drops.

                              probably a great time to stack cash and hope it happens.

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