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1時間に1回更新しています。
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| Sorry, I was referring to the income tax saved, but sure, there's a beneficial difference in property tax too. |
| It will take 12-18 months for the taxes to be adjusted from the year prior depending on the local tax assessors workflow procedure. Even if you got a 30% reduction on the home price you will have to either wait from equilibrium or contest the assessors estimate. |
| New York and Connecticut can confirm as well. |
| I'm confused, why would a mortgage rate go up? I signed a contract that states my rate is 2.5 for 30 years. If they try to raise it they can fuck themselves. |
| It isn't easy to qualify unless you meet serious minimum thesholds. |
| Wait, when did 56 become some old dude? |
| Collateral being posted by selling assets for cash.\n\nWait, the whole markets doing it…so who needed the collateral? Retail? 😂 |
| I highly doubt there was any line at the apple store. Stop making shit up. |
| Why are women that look and act like men, and enjoy fucking other women... THE ANGRY TYPE? |
| Hey guys 🙂 I just made a twitter to document my trades (I day trade BTC) would appreciate any of your feed back https://twitter.com/WarrensMentor |
| It's Twitch bro... |
| I wish I had this guy as my professor |
| The internet should have training wheels for people like you |
| Well you’re the expert trader that never makes a mistake right? Or you have nothing in the market lol |
| have you ever driven down a freeway so fast that you missed the exit bc you couldn’t even read the signs? No? bc none of us are idiots like J powell. The only thing that would make sense to me is that the fed might actually be trapped in a corner and unable to raise rates that high for that long due to interest rates and also tax receipts plummeting, so he is trying to shock and awe and then back off. The market is going to force the US to lower rates soon bc countries around the world will dump US treasuries to get dollars and buy their own currency, which tightens US conditions and raises the dollar higher, leading to a vicious cycle. But idk if Powell is that smart |
| Jesus! |
| Puts |
| the idiots here barely understand what's happening. The fact that the two-year didn't FALL below 4% means TINA investing, the only reason your horseshit 'technical trading' has worked for the last decade is dead. You think the market moving money is going to give boomers a 'bounce', to sell their Apple and Microsoft shares they bought in 2012? they are already up 1000%, but of course in your delusional minds wallstreet will only buy not sell at these levels because stonks down from ATH. \n\nCome up with one non-technical reason to buy stocks right now you fuckheads. \n\nCannot wait for you fuckheads to face reality, fuck the weekend. I've played these bounces before out of rationality as the market bet on peak inflation and rates lowering, but the Two-year just holding above 4% is reality mode for stocks. Literally the only 'bounce' you might get is a fakeout relief as it tests the 4.2 down to 4% range and idiots think it's going lower. Get absolutely fucked you gambling degenerates (that includes dumbass theta-gang range traders too, you are fucked idiots). |
|  |
| Precisely. And much less down payment. |
| Do you pay for tax at all? How do you grow so crazy? |
| Yeah, I’m looking at a neighborhood with 4 practically identical houses. Listed at 380k, 360k, 335k, and 320k. Each one has been on the market for 30-90 days and had a price reduction of something super minuscule like 5k.\n\nMakes me want to tell them hey buddy… if your neighbors house isn’t selling for 320k, I don’t think reducing yours from 386k to 380k is gonna move the needle.\n\nThey’re in the denial phase of “oh maybe we’re just 5k too high!”… nope… try $60k. |
|  |
| He lost a lot of money in weeklies |
| Windows do really destroy a building’s aesthetic and flow |
| Why are shit corns pumping ? |
| Yourself. Invest in developing your skills and get a better job. |
| Why get banned? |
| Thanks for answer, your TA is very interesting read, thanks! \nWith all the doom and gloom of last week, 2-10-30 year yield records, hawkish next year's by FED etc. Do you really see much chance in any bounce for next week? It seems like it is only downhill or stagnant at best from here onward... |
| And if you want to payoff early , the lower the mortgaged/loan amount the better. |
| They're actually -100 because they didn't time the peak perfectly. |
| Making payments for 80 years and still underwater |
| YOU are fake news |
| I think the price which you paid is more important than mortgage rates |
| Brother, Q said September 24, 2023. We have some time. Prepare 🪖🐧🦖 |
| I think it’s closer to 6.9sh |
| No shit we have been waiting. I’d rather take a high rate for a couple years at a lower purchase price and refi than to pay ATH right before the mother of bubbles pops |
| Op’s ex immediately went and got bred by the new bf after seeing this. Lol |
| One of us! One of us! |
| Everyone has mentioned refi, which is true, but when the price drops the down payment also goes down so you don’t have to get PMI. It’s easier to get into a house in the second option. |
| Thinking of shorting it out of spite since the evga contract was terminated and 4000 is ridiculous |
| Prayers aren’t required for this. I will however send good wishes. |
| So\n1. Ability to refinance if interest dates drop later\n2. Smaller down payment\n3. Smaller closing costs/commissions to realtors\n4. If this is actually the same house, you have good reason to believe you will profit well if the rates drop again, even if it takes awhile. (Yaknow - buy low sell high? I know it's against WSB's usual strategy of FOMO at the top)\n5. Cooler housing market means I get to actually properly take my time picking out my house.\n\nI'll take option 2 for sure. |
| Didn’t some lost old man just state that the pandemic was over! |
| No. But yours might be based on your credit. |
| Finger Stinks\n\nEye Pink\n\nBulls Fucked |
| > If they didnt do it a loaf of bread would be $20 next year.\n\nright, inflation would jump to like 100% annualized, sure. |
| Layoffs are happening now. Too many companies hired too many people in the last few years. \n\nSource: I work in talent acquisition. And was laid off by a major software company this month because they stopped tech hiring. |
| Top tier troll! |
| But wouldn't someone rather pay more interest if the total of all payments is the same? Interest is tax deductible, and someone has the option to refinance to a lower rate. |
| Spotted the “globally diverse” investor |
| 0bv |
| User name checks out. |
| fuck off with the 'we' shit, bagholder |
| Double income no kids |
| It’ll go into bear market it’s the only one that hasn’t been in bear market. S&P might bounce |
| Not only that the bank is more likely to loan you money. |
| OP also has to realize that house prices have not fallen that much. There's no way you're buying the same house at that price difference. |
| I had a stroke reading that math |
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| Ya no chance of that |
| Source or ban |
| I had someone try to convince me at work the other day that the interest rates are a good things for new homeowners and she wanted to wait until they got higher so that sellers would have to drop the price of their homes. |
| Manipulated how? I used tradingview and just copied the same bars from 2008 and put it over current price and adjusted it to show percentage. I'd say it's more like 70% identical. |
| 🫠🫠 |
| He is watching his calls going down probably 😀 |
| We really need to spend more money on global democracy. Instability is ruining some good emerging markets. At the end of the day a lot of people just want bribes. |
| Those are scent vents - you probably need them |
| Yeah and George Soros is birdwatching at a swamp in Mississippi |
| Boomers would rather be 210k underwater on a mortgage and playing catch-up for the first \n 15 years of payments LOL |
| > I have been trading since 1994\n\nOkay boomer… |
| Oh shit. I’m that guy? I own 420 shares of PLTR |
| Actually, the 2nd pic should be a much smaller home for $390k. Prices aren’t *really* going down, they just aren’t continuing to go up. \n\nThe price drops we see are mostly from sellers who wanted to test how far the unsustainable increase in prices could go, and finally found the limit. They were asking $680k for the home pictured, and just “dropped the price” back to the $600k prior to mortgage rates hitting 6%+, and those homes are still selling for $600k. They just require inspections now and don’y get offers for $625k above asking is all. |
| Haha well played |
| Love to see it |
| Bulls in shambles. You are a professor for god sake, stop predicting stock market |
| Are home prices really gonna drop that much tho? |
| All my savings are going in if it hits 40-50 |
| Historic drop coming as the Fed mops up the mess it made spilling untold amounts of paper in the economy. If they didnt do it a loaf of bread would be $20 next year.\n\n​\n\nPain ? YES \n\nNecessary? Absolutely |
| What the fuck is a DINK? |
| Is the 30-yr mortgage really at 7.5%?? |
| Now talk about the prior 20 years where you were able to pay them less than increases in inflation. |
| Not gonna lie. You had Me in the first half |
| Damn dude I feel like I've just been introduced to a new type of loss porn now. |
| Okay boomer |
| Reddit has a paid team called **Anti-Evil Operations** (part of the "Trust" & "Safety" team) which goes around permanently banning accounts for saying bad words. We made automod block them so you don't lose your account for saying a word and getting reported. It's not our rule, it's the entire website now, we're just trying to look out for our people. Sorry.\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.* |
| That's some cheap property tax |
| If you are going to be home shopping, pay attention to "cost per square foot". Some 70 year old houses around here are more expensive than new construction on a cost per square foot basis, but it's slowly started to move the other way now. |
| Omg it hurts to read. if you just add the 2 purchases and 2 sales to make it easier 800 + 1100 = 1900 and then 1000 + 1300 = 2300. 2300 - 1900 = 400. That's $400 earnings |
| Yes sir loud and clear |
| How is his cost avg for Voo 0 |
| just remember that a good size chunk of that money is now due in taxes. You should place that portion into an account you don’t plan on touching right now. |
| I think 380-390s in play |
| I hated it. I thought it was a joke. |
| I’ve been told multiple times… “wth why the f do you pay that for rent?“ I’m like are you fing stupid, what are my other options, buy a tent? |
| The difference is, I can pay off half the purchase price of a 390k house pretty much in cash. 😛 |
| If this level of regard is possible, I fear what comes after. |
| PHUNW made me a king plus buying real estate in Austin in 2015. |
| Insert Always was meme* lol |
| Yes |
| King shit |
| Xi Jinping is confirmed to be under house arrest and there’s a military convoy entering Beijing as we speak. |
| Fox news spewin from you boy |
| JPow said we need to force unemployment rate higher, that’s gonna take some time |
| The real meme is thinking stocks and crypto are done with. |
| Kanye’s just crazy I doubt it’s a publicity stunt he wants to give clothes away for free |
| If you qualify for day trader status you can write all 100% of this year’s losses off\n\nIt’s pretty easy to qualify talk to your tax guy |
| I regret to inform you it is unlikely you will ever be "ritch" if you can't even spell it. |
| It’s the American way to pay the least amount as possible. |
| People still have money. Fed doesn’t have to worry as much about nuking the economy by continuing to raise interest rates to combat inflation. |
| Couldn’t agree more lol. |
| Guys have you heard of the russian guy who left his gas stove open 24/7 and live streamed it on Twitch (he got banned btw) to mock the europoors? \n\nGoogle "twitch russisn gas stove" \n\n\nBased or not? |
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| That's what's going to happen, but it will take time. For every point of raised interest, the loan approval amount will decrease by 10%. The meme is being generous about what 6.7 will do. |
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| So they be like the way they should? OP that is literally the better option 🤣🤣 |
| Fuckin boomers trying to meme again, someone find their boomer |
| I’m betting on CPI staying sane or going up. There’s a lot of more pain needed before we see any relief. |
| Same |
| Where do you see spy going this week? Do you see it filling the gaps first or do you see it making a new 52w low? |
| She's the real Dr Strange?!🤯 |
| Why drop out when you were so close? |
| Lick it real quick, you’ll find out in a few hours |
| yeah and they claim is due to no sales tax on food |
| He earned 400 USD. It s easy. Do earned and spender |
| I'm locked in on a 20 year 600k loan at 2.75 fixed rate but the beautiful part is, where I live, the houses don't go down in value unless there's a catastrophic market collapse and even then, I've paid enough off where it'll never be underwater. \n\nI'm some places of our country, there is never a bad time to buy a house. |
| It’s all good. This has just been one of those years. Gotta keep on going forwards. Appreciate it! |
| Why do simps give money to thots on twitch? |
| We bought last March with a 2.632 interest rate. Best financial decision we ever made. Except for meme stocks of course. |
| Welp I'm down 33k in the last two years. Doesnt that mean I get to write off 3k/year for 11 years? |
| Fuck. I gotta achieve something great then, then I will be 😂😂 |
| This may be the single funniest comment I have ever read. Thanks for the laugh. |
| No lol |
| Is this supposed to be ironic? That’s the right move to make lmao |
| The world 🌎! The way people be thinking and acting now days! Smh.. |
| Ron Klain is 100% calling the shots. |
| Your thinking is correct |
| The key here is not only waiting for a drop but having that cash on hand to make a +50% down payment on that bad boy. How do u do that? Well we are on WSB so by YOLO'ing on some risky ass options 🤣🤣. The only way any of us are going to be able to take advantage of any type of price drop while interest rates sky rocket is to get yo cash up. Isn't that what's the options market is for??? Like a wise man once said....\n\nCash money. They wasn't gonna stick me with no 30-year payment plan. That's for suckas. They got my daddy like that for a Cadillac years ago. I got the only house on the block that's paid for. That's why I'm the king around here 🍾🍾🥂🥂 |
| Bbig |
| 😂🤞 |
| Ever see a pro poker player ON TILT?\n\nTurkey’s Central Bank is ON TILT… |
| Bulls only hope is that double bottom on the chart don’t collapse lol |
| Presumably there is a lot of time lag. If the Fed stopped increasing rates, it might take several years for house sellers to ratchet their prices down to the new stable equilibrium. |
| It's crazy the award notifications and notifications in general are *still* broken on android |
| Denver here as well and we’re seeing the same thing. Bought back in December and even with the market stabilizing, couldn’t be happier with having bought then and getting a 3.25 rate |
| Unemployment data is a better indicator. 3.5% is historically low and we probably won't see such levels in our lifetimes again. On top of that, for a change, Americans have saved quite a bit and have money to spend. Fed probably has a long way to go. |
| I think the perception that it must fall there is not true. But otherwise everything you say is fact. |
| Does that include the covid crash recession? That recession lasted less than 5 months or something. |
| This guys a Wharton School of Business Professor? Every logical economic professor will say FED always uses historical 3 month prior data. Monthly Data reports are always lag and from prior month. If the FED did do 'current' live market data they would be making changes every week. |
| I wouldn’t be coffin shopping right yet! |
| Sure assuming it goes down to a reasonable amount in the near future. The history of mortgage rates hasn’t been a rapid decline. Reverse Stonk rules apply: elevator up, stairs down |
| Lmao |
| Who knows? I usually follow u/DaddyDersch daily TA it’s been very useful, read his Thursday TA comments |
| Bought the dip, but it keeps dipping |
| No. Workhorse, one if its holdings, hasn't figured out how to get to space yet. |
| And his name? Albert einstein |
| Exactly. You can change your interest rate later, you can't change your purchase price. I've been waiting for this downturn for awhile |
| If the market is flooded with resales how come I still can't get a 3060ti (a 2 year old card) for less than RRP, even second hand |
| I can see 3~4.5% interest rates. That's not honestly much. Once you hit 6+% territory, those should be more temporary within 30 years and able to be refinanced.\n\nBut yes, no one knows the future. The one good side is higher interest rates put a soft cap on housing prices. And the potential to refinance is always there within 30 years. That potential alone is something that should not be overlooked.\n\nAlso, if we have a real recession within 30 years like the great financial crisis, it's almost a guarantee of refinance anyways. And within 30 years, such recession potential is very very high. |
| GL buddy. |
| You think the guy who took China from a peasant backwater to a major world power in a quarter of a generation is getting coup’d because you read a Falun Gong tweet?\n\nI swear to god the posts about China on Reddit live on a different planet. |
| O |
| It surely sounds that way 👌🏼 |
| Imma keep averaging into TQQQ no reason not to, guaranteed gains long term no matter what |
| Not sure if it’s mentioned, but if the goal was to pay it off in say 5-7 years, second scenario would be the win. |
| Someone ELI5 what’s going on in the UK |
| Why does good news for Apple mean the stock market will go lower? I want it to, just trying to understand |
|  |
| Lol. \n\nGuarantee OP is some shit tier realtor with less than two years experience; and is getting pissed that millennials aren’t forking over cash for the inflated houses they’re trying to sell. \n\nA lot of realtors are about to experience the famine portion of the feast or famine nature of real estate; and clearly are not cut out for it |
| Does it? The pool of buyers able to cough up 2.3k is bigger than the ones able to cough up 2.9k.\n\nInstitutional buyers have to be able to find renters able to cough up 4k. There may not be enough in the local market. \n\nSo the place may not sell if they don't keep lowering the price. |
| My best friend Ben is a fleck |
| That’s when it happens; when u least need it to. Drink a shit ton of water and sleep. Sweat it off. Sorry bud |
| Sports betting is immune to bad things. Someone please agree |
| Anxiety last week, dead cat and denial next week, then panic in October |
| I will on Sunday/Monday, they ain’t got shit where I’m at right now. |
| How the hell did he manage to go all in on shares ahead of a catalyst? He had a crystal ball to know a catalyst was coming? Or it's an outlier string of blind luck? |
| Hot |
| I was pretty sure that was the case |
| Yo it's three thousand thirty... |
| Avatar back in theaters and Avatar 2 coming out Christmas?\n\nAMC 🚀  |
| What an awesome war story. Love it!! 🙂 Congratulations 👏 |
| This is very true. Especially since most major companies have reviews at the end of fiscal years. For example, my wife works at a large “fruit” company and last September they were getting 4-5% Cola because the inflation numbers hadn’t quite exploded and trickled down to labor costs. Now they’re doing 8-10%, which means that most annual salaries employees at big Fortune 500 companies are just now getting caught up to the last 12 months of inflation. |
| Yea, still waiting for prices to fall\n\nSkeleton.jpg |
| Can you guys hear me |
| No |
| Thank God, that doesn't matter at all. Lmao, it isn't even hard. You are just a dumbass |
| And a wash sale |
| If rates go up, the value of the property goes down - means you have negative equity and will have a hard time refinancing if you need it. \n\nDisingenuous to say “no different of a position”, since there are always risks |
| I want to make the same moves as you , but IDK what you did or how tou did it. 🦧🦧🦧🦧 Did you sell puts or buy them? |
| But again this is the guy who was too hawkish in 2018 and pivoted, too dovish in 2021 and pivoted, “data dependent” a few months ago and pivoted, and now too hawkish again. People just really don’t believe that he knows what the right thing to do is anymore. Don’t get me wrong I loved making the printer the goes brrr jokes last year but this is the sense I get from economists and various other money managers on Twitter so sure take that with a grain of salt.\n\nLastly, when we talk about current inflation using a YOY measure is not very current at all. I’m not just trying to move the goal posts but MOM inflation in the US is .1% or 1.2% annualized. Even just looking at core it’s .6 or 7.2% annualized which is less than the year over year. So the current inflation that’s actually happening at this moment is not that high however it’s still not at an acceptable level but it is very much going down.\n\nIn short the fed is already in restrictive territory but they’re making a mistake telling us that 4.6% is where they will go, data be damned. This means they should maybe do one more hike then pause for a month or two to let the affects go through the economy. But will they? Idk. I’ve bought a lot of otm puts with end of October strikes cuz I’m not confident enough that he will pivot despite data showing it’s probably best policy |
| Love buying me some AMC puts too. Going to retire on those alone |
| Burned to a crisp then regarded as pure myth. |
| Yessir it is! |
| The bottom is definitely a better deal, you can pay it off early more aggressively or refinance to avoid the interest rate, but the top interest rate is already low and the total cost is so high you can't make a dent with early payments. If this is meant as criticism it's a pretty big L |
| Just take a Covid test man |
| This is basically a r/terribleFacebookmeme |
| Depends. In California for instance, property taxes raises are capped at a max 2% a year. That's about half of average inflation over the past 50 years and less than half of average home appreciation over the last 30. Every year you own a home in California it gets cheaper in real terms. |
| The fed keeps buying more MBS while saying they plan to sell....\n\nFed kicking the "Amy day now " can. |
| If I dropped out of KU 3 years into my degree am I still an alum? |
| WHAT is your, favorite colour!!! |
| I am looking for a home. I thought the same thing. Then I ran the maths. It was not nearly as big as a benefit as I thought. I originally thought have sellers pay down rate so I get similar terms but the math is not all that great. \n\nThe OP example is not even true in my area. House prices have dropped but the same home is about 1k more in monthly payments. Taxes are about $100 less. It will take a while to make those tax gains a net savings. |
| How to short British debt? |
| Lol, as a millennial I can confirm I can't buy any house with a 2.3k mortgage |
| Not really tbh |
| The point is to be profitable not right |
| Your understanding of retardation is astounding. You truly belong here. |
| The selloff can easily continue, we have not seen bottom yet. Any rebound like the one on Friday will initiate massive selling to a new bottom, all the signs are there |
| Already here! |
| Yes sir, im long term with some money sidelined. Been grabbing shares from some small and mid cap that are ranging arpund 2020 numbers, with some big boys I'm long on. Coinflip it is, we should run a coin flip survey for the market, it'll probably guesstimate just as well as anything else\n\n |
| they'll die in Ukraine instead |
| 🤞🤞🤞 |
| Wrong. Broken clocks are right TWICE per day. $$$ 💸💸💸💰💰💰💵💵💵🤑🤑🤑 |
| I just fingered a hookers ass and used sanitizer after, but my finger still stinks…. Even tho the smell still remains, am I protected from the germs? |
| You would hope costs of labor would also go down since cost of living is less, but yes they would have to cut spending. |
| CORRECT!!! HOUSING |
| Uhhh fixed rate my dude |
| Strong signs of a local bottom, but who knows. |
| This is the confirmation Bias I needed. AMD puts all the way |
| Hang in there. Those houses will be 60% of the price in a bit. |
| Unlikely in the next few months. ROI is so far down the shitter, that miners are losing money even with the cheapest electricity rates ($.10kWh). And electricity will become more expensive in the winter. |
| I buy every month, same as my friends. What was it Warren Buffett said again? |
| Yeah man I got the 12 pro probably got till the end of the month before it starts “glitching” |
| "Soon, he'll have reduced my financial superior self-assessment to, 'I know you are but what am I?" 🙂 |
| I did the same thing with Fla tenn. When I made the bet I didn’t know it was in Knox tho, thought it was in the swamp; but thinking might still be ok |
| Pretty sure you’d still be green |
|  |
| Ahem, property taxes. |
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| Im pretty sure all of those layover charts are manipulated. |
| Milwaukee is 🔥 |
| This is a refreshing take as someone from Denver. There’s a lot of paid blogs and IG posts that say otherwise but it really is dog shit. |
| I hope it goes down, but some tech bounced hard. Thinking we retest at least one level of resistance or maybe another. I make more if we don’t, but just from dd it’s what I’m seeing. |
| Visiting my parents, stopped at a mall for the first time in like 7 years. They had an Apple Store. Place had a line like a 1/4 mile long. We are far from the bottom. The fed can continue to be extremely hawkish. |
| And ta-da! Turns out after paying a 6% note for 10 years you only own an additional 12% of your home. While that guy at 3% owns an additional 20%. Equity matters. |
| And less money down. |
| Must be that new math they teach in schools now. |
| Inflation tends to ebb and flow. Takes years. See 1966-1982 |
| They're less likely to give you a loan if your house has decreased in value. They want the collateral of the house. For example, if your mortgage has 500k left but your home has decreased to 400k, if you fail to make payments, the bank could take a loss of 100k which they're not likely to sign up for. \n\nThe market is fluid and the bank doesn't so much care about the trend. They just care about what is your house worth today compared to how much your asking for. Using the same example. Say you bought your house for 500k, paid off 250k of it, and it's now worth 400k. The bank sees that you owe 250k on the first mortgage but the home is worth 400k. In this case, they're more likely to approve. |
| Deltron 3030 |
| I actually think interest rates will remain around 400 to 600 as the normalization level. The Fed was already raising interest rates prior to Covid and I’m sure you can go back and look and houses were already going up like nuts in late 2018 as interest rates were creeping up. Then the pandemic forced them to go back to zero.\n\nThere are so many millennials and gen z waiting to buy a house. They think that a GFC is coming to cause the housing to collapse in price like in 2008 and they will be so lucky to own their own home finally with cheap price and low interest rates due. Well their guess is as good as mine and I think I have much better chance guessing the opposite. |
| Yo if I could port my mortgage in the US like they do on the UK, that would've been dope. |
| Coca Cola? Or coca coke? |
| They have to do the latter ultimately. Which means you don't want to be the bagholder on the 600k property. |
| Plus you’ll be able to sell it for $600k again in a few years |
| Spy 420 EOY to destroy all the bears then crash it promptly in January |
| Nowhere near 35% |
| If it is going down 99% and you buy, there is a chance it can go 99% further down from that point |
| Jokes on you man |
| He's wearing a mask to film himself alone inside his own home. Come on we have to be able to laugh at ourselves for how silly of a time that was. |
| Yeah I believe it. Not. |
| Yeah but you can hit it with a larger down payment and speed up the amortization schedule. |
| Looking at 2008 price on top of current price. If it's to be nearly identical, we should bounce a little from here, slow decline in Nov and then fall off the cliff starting in Jan, dropping below 2000 by summer next year. \n\nPretty sure it'll stop following 2008's chart at some point but when? I don't see it dropping that low. |
| I'm starting to think this OP person is actually fucking stupid. But who knows, maybe the market is wrong. |
| Mixed with angry |
| I expect more out of a million dollar account |
| They probably already are making money off them. They dont have to wait for them to expire. I know thats what is popular here though |
| https://genesis.metabrewsociety.org?r=MetaBrewSocietyNFT |
| Supply and demand will eventually find the point of maximum pain for the buyer and seller lol |
| Yeah, and?\n\nThe second is a much better financial decision, especially in these uncertain times. \n\nOne, you’re essentially guaranteed to be underwater immediately, but with a lot rate. \n\nThe other is actually fair priced, and you refinance at 4-4.5 in 2 years when rates level out. \n\nThe second also greatly increases your ability to accrue equity much sooner. \n\nThis post makes it seem like you’re completely ignorant to basic principles of finance |
| When this guy is still freaking out as much as he is, it leads me to believe that we still have not hit the bottom |
| I’m taking the points on Florida +10.5 in Tennessee, but that is a tossup |
| It's THE #1 car in America |
| The hardest part of buying a house is having the cash for a down payment. You’re supposed to put 20% down, which for a 600k requires having $120k of disposable cash saved up. That’s like 20,000 avocado toasts\n\nIf I get fucked by ridiculous interest rates, it’s not because I don’t know it’s the worst choice, it’s because it’s the only choice. 120k in disposable cash is completely infeasible.\n\nEven 6% interest is a massively better deal than spending $30,000 every year to rent a house while someone else keeps the asset. |
| I mean, her math isn't wrong. It's her logic that's wrong. |
| Illinois has joined the chat |
| Build one of those tubes with the tissue rolls and those sheets you put in the dryer |
| 2.375% gang checking in  |
| Debt free save 2.25% mortgage millionaire. Try again loser |
| Yes, but if Nvidia can drop RTX 40 prices 20% by Christmas then we're Gucci. |
| Check out this idiot.\n\nThinking milennials can afford to BUY a house. |
| you can also pay extra every month and have it more worthwhile, if interests goes down then you can refinance and get money back |
| If you've never dipped your pizza crust into coke then idk what to tell you |
| That will never happen here because the rich run the country. Cash is insured stocks are not so choice is yours. 4% savings or x stock |
| Millennial here:\n\nThe way America has been acting for the past 8 or so years, I don’t want to own a piece of this place. The thought causes my brow to furrow. |
| Are those different vanguard ETFs that you keep for the dividend? |
| Also should mention to him they’d restart the time frame on their loan with the new balance, and likely pay some initial refy fees as well. |
| Everything I can google related to a coup in China comes from Indian news.\n\n????? |
| Crash is gonna happen any day now.\n\nAny day now.\n\nany day now....\n\n....any day now.... |
| Hol up .. People really believe housing market will drop almost 50%? Whoa. |
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| Definitely - the trend is always your friend |
My market prediction for the bottom is still on the record. Still on course.\n\n What Are Your Moves Tomorrow, March 16, 2022 DD: -market anticipates start of recession by 7 months on average -market bottoms an average of five months before recession end -average... www.reddit.com |
| But what if, and here me out. I put more cash down? Or pay it off early? Or refinance when rates drop again? |
| In theory the tighter lending market would lower housing prices, in practice the mortgage lenders are just taking slightly higher risk by giving the potential buyers the same mortgage amounts at a higher rate.\n\nHousing supply is still very low and demand isn’t declining for houses under a million. There are soft spots in the market now that weren’t there with sub 3% interest rates, but it’s in the 1.5-2m upper middle class sort of range. Working class people still want family homes and the rich have only gotten richer (and don’t need mortgages anyway). |
| Shows your student debt has placed a permanent stick up your ass |
| massage the bull´s balls for good luck!!  |
|  |
| And if you make extra payments the amortization of your loan with the higher interest rate will save you more money.... op should prolly stick to turning thousands into hundreds on options... |
| It's not lying, it's commercial real estate! |
| Dude can’t find his way off a stage. It’s the mr Magoo presidency, and whichever cabinet members he happens to be paying attention to at the moment are the ones calling the shots. |
| Haven’t had any sort of spike in temp yet. A little congestion. Just weird to get hammered out of nowhere. Both the times I’ve had the flu in the past I also had strep. Any physical activities and I about blacked out. If I spike a temp I’ll go the dr. First weekend I’m actually supposed to be enjoying at the lake. |
| I think we are going to rally very soon here. Not the real bottom but a temporary one |
| The likelyhood of dead cat bounce off of June low is the same as a break through June low into the abyss |
| How much north heading fuel do you think this market could have? |
| Lol that's one house put on the market by a delusional seller. |
| The fear on social media is palpable. Everyone is pushing these same meme charts everyday. I'm keeping cash ready to take full advantage of the opportunity.\n\n“Be fearful when others are greedy, and greedy when others are fearful.”\n\n\-Warren Buffet |
| They're already at the point if your social credit score drops low enough you can't buy from vending machines and your identity and score is displayed publicly for shaming. May as well push the envelope. |
| You’d have to put down $275k on a $600k house to net a $2,300 mortgage @ 2.5%. If you had $275k and put that down on a $390k house @ 6.7%, your mortgage would be roughly $1,400/mo. Your post doesn’t make any sense, dumbass. |
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| This is funny |
| Straight into the balls 😎 |
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| Got me a Milwaukee m18 port charger with some tendies rn lol can’t wait to use this on the jobsites to watch more stonks instead of working  |
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| Housing has not dropped 35% as of yet...\nDidn't you listen to Powell? |
| I know an 80 year old who can still outwork almost anybody. He is still a pretty competitive racer too for his age. |
| Actually millennials are like I wish I had enough down payment saved up to buy any kind of house. |
| Darth Brandon |
| Two round-trip transactions are described. Each generated a $200 profit for a total profit of $400.\n\nThe idiotic comments are from someone who did poorly with 5th grade math "word problems". LOL |
| Lol… the dollar being at all time highs is keeping the price of metal down you 🤡 not “market manipulation”. Seriously turn off whatever far right news or conspiracy podcast you are mainlining and go for a walk for fucks sakes. |
| More options than her dirty v jay jay |
| Panic is circuit breaker territory. Not there yet |
| Michigan too |
|  burry is that u |
| And if they don't... you can still write off the mortgage interest the same. |
| Exactly. Then refi in three years when they inevitably lower rates to pull us out of the recession they created. Then sell it in ten years for $750k. Sounds good to me |
| Yep. Will be a bloody fall. We are long overdue for a real crash. |
| In Bay area, prices have dropped significantly, though not by that much. A 1.3M is down to 1.05M and still on the market. |
| The fact that people can say shit like this with 100% conviction when the consensus analysis clearly converges on a different answer never ceases to amaze me.\n\nAlso: shoulda held. Diamond hands woulda had 500 on one trade instead of 400 on two. |
| OP has stone hands. |
| Most of these guys are used to watching money evaporate |
| You know what, Boe Jiden is beginning to grow on me. I think Joe Biden's presidency is gunna be looked back at, as the one that turned US into the only world superpower. He is like Darth Vader. And his mission is to grow the empire. And he will succeed. |
| Well, your portfolio must be shit then lol |
| This is the part where bears get blown up with dynamite 🧨 \n\nHulk green for days coming |
| True story - ie. Texas |
| Holy shit Maryland kickoff guy lmao straight off his helmet right to Michigan |
| Sup, been with the company for 5 years. This shit is 100% real, I can't tell you how many times I've had to tell kids they are only allowed to be in the store for 15 mins unsupervised(per state law). It's a nearly weekly occurrence if not daily at this point. \n\n\nGamestop employees have no formal training on how to care for children & likely will not be receiving any either. Leaving a child unsupervised in a retail store is legitimately illegal in most states as well. |
| It’s coming |
| Look I’m not asking for a lot here, just 2019-2020 prices for homes again. Crank up the hopium |
| If I had to describe, the way I survive, it's like vice-squeezin'... |
| After the big moves are done, the great sorting begins where all the good deals get bought up, and junk that rose during the bounce gets dumped. |
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| So many big brains in this thread laughing at op. That second image should be half the first house lol. |
| (Kill the noise remix) |
| I got a 13 so I should be good a while at least |
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| Lol yeah it’s a mortgage term. I bought a home this year (higher priced than I would like) but put 50% down from the proceeds of the sale of my other house. So my mortgage is “low” overall. However, bridged my mortgage (blended) so I renew next year. Probably gonna go variable at that point. |
| 20% down on $600k is $120k.\n20% down on $390k is $78k. |
| Ole miss will cover |
| What’s the sentiment for Monday? Wondering if I should’ve sold my 2023 puts or not |
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| Lol u guys literally belong here. Let me know which one is cheaper if a buyer has half the amount in cash. |
| Still trying to find a Qanon website years later. I can find theories regarding "Q" and I know what an internet anon is, but Qanon still alludes me. |
| Bullish |
| iBonds will give you a better return than anything right now. 9.62% currently, and inflation will probably stay high for a couple years then you can move your money somewhere else. |
| Higher deduction is not really a benefit. Sure use it for cost analysis but the goal is always to have a lower cost. \n\nAlso, deductions are capped at 10k unless an investment property. |
| Going old school with A Tribe Called Quest, Jedi Mind Tricks, CunninLynguists, and Del this morning. |
| There’s no way cpi will come out good |
| There is no law saying you need to over extend yourself. Just because you qualify or "can afford" the 600k loan doesn't mean you shouldn't really be taking the smaller one. That decision has to be yours, I think. |
| Yes. |
| Georgia -45 was prob free 💵 |
| You just need to buy puts |
| You might be pregnant |
| A hooker who will shit on the top step and slide down |
| It shows that's where you went by your inability to understand the point |
| More like, buying the same house for 850k at 7.2% |
| Housing has dropped 13% on average from July to August, as July YOY exceeded 19% and in August was slightly over 6%. Other areas like San Jose are actually down 2% YoY, so prices have dropped 22%. Sale prices are also a lagging indicator as those houses closed two months ago before interest was above 6%. In November we’ll see what 6% rates did to price. Supply is also up 26%-31% YoY with sales down 1.3% YoY in July, when they typically don’t hit that stagnation until\nNovember. The average home price was above 415k and is now sitting below 380k, well below that actually.\n\nBut hey, what do I know. |
| Dont worry...Apple will hit that special switch making older phones slow down, to enhance 14 sales.., |
| They lowered guidance over summer iirc. |
| In Oregon can confirm |
| Don’t even flavor it just for extra punishment |
| Also he needs to speak with reality if he thinks house prices have fallen enough to match the rate hike |
| Is this a trick question? This is a Reddit for making money. Have the morality discussions elsewhere. So yes we are going to figure out how to lose a thousand bucks on the date of billions |
| How a child is birthed! |
| lol like what people stated below.. OP home prices are to far apart for this to make sense.\n\nThe numbers don't add up lol at least not for the same/similar house.\n\nIn reality mortgage doubling doesn't mean home prices drops by about 30%. In actuality, I think what OP meant to write is that as rates increase, buyers will not only be able to afford expensive homes/larger homes due to monthly payments increasing (assuming the buyer isn't well off). So they have to now look at small/lower cost homes just to be able to pay the same monthly fee as the 600K home due to the higher rates.\n\nIn OPS senario, the cheaper home at the higher rate for the **same** house makes more sense as you are paying the same monthly installments for the same house at a lower price point. |
| Lol such a proper wsb regard post. Not only can you refinance at a lower rate. If you bought at the first pic you just lost half of the value of your investment. \n\nOP literally thinks it’s better to buy high |
| if that happens before a proper recession, you know the economy is absolutely fucked. |
| Well what is worse, 10% inflation or purposely sending us into a deep recession or worse? As bad as inflation is, I feel like this full on 180 to drive down demand while causing the destruction of several markets is like pulling out a nuke without trying to send out the small weaponry first. |
| Regarded money doesn’t either. |
| Imaginé thinking the market is diverse 😂😂😂 everything trades the same bruh |
| Yah maybe go dahmer on their dog too |
| It’s cheaper with tax cuz you can deduct your losses |
| These rates bleed over into energy's sector, middle class is being wiped out by a thousand cuts. |
| The joke is that millennials think that they will get that 600k house for 390k and pay the same mortgage. Reality is that that 600k house is now 540k with 6% interest with a 3k+ mortgage. Rates gonna keep going up to get that price down to 390k. |
| Prob flu or Covid. I ran fever for two days when I caught Covid a couple years ago |
| How do so many of you not realize you *aren’t* getting the same house for cheaper? Just because interest rates are going up it’s only squeezing the market more. You’ll just afford less house (which you can refinance later). |
| Theta gonna eat |
| Plasma donation is booming as poor people need the money. $PAYS involved in the distribution of cash cards used to distribute payments.\n\nMaybe decent buy/calls? |
| Agreed. Out here on the west coast, the unfortunate reality driving this is that supply is just too low. There are not enough houses being built and there are too many rentals that will never be sold. |
| Bear cope is all time high here.\n\nI don’t know if we just saw a local bottom, but there’s strong signs of it. You don’t know either, be smart and consider all plausible outcomes.\n\nGood luck bear bros. ❤️ |
| I bought calls..what is this warning you speak of? |
| My mother was a hamster and my father smelt of elderberries |
| Dumbasses that won't freeze to death this winter. |
| The real situation on the ground is buying at 600k for 2.3% last year or buying at $590k at 6.7% today |
| Makes a lot of difference if you don't live in the house for 30 years. \n \nMost of your mortgage payment in the beginning is the interest payment instead of towards the principal balance of the loan, so you make very little back in equity. If you sell the house in the first five years, you'll barely have any equity, which means the bank has that equity instead, and they made a boatload of money off of the interest payments you made. \n \nWorkaround - pay additional money towards the principal balance on the loan in the beginning or live in the house for a long time. |
| Hey guys, 4 out of the last 5 downturns didn't result in a greater crash. So definitely this is proof of crash Monday! |
| Some one who’s never bought a house made a meme… |
| “Find a GF you can turn out when things get tough” is the kind of financial advice I come to this sub for. |
| Broke dick folks can be married too, living on love and ramen yo |
| At this point that would be like $30 for six shares lol |
| Traders don't run these stocks up, market makers do |
| SQQQ options are my favorite to trade. I’m sure I’ll be fucking with them, just not sure which way. |
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| Keep the faith |
| 8% mortgage rates? No....I did pay almost 7% for my first house, though. |
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| This woman prolly gets scammed by indian call centers |
| But millennials have the 390k as a down payment /s |
| Except that the housing market is nothing like 2010 |
| I woke up this morning to the most joint pain I’ve ever felt. Only 25 and feels like I got hit by a train. Neck, shoulders, back/pelvis, and knees. Pretty sure it’s not from work as it was a pretty light day. |
| Much further up, unfortunately. |
| We sell them for $2 when previously we gave them away for free... That's an infinite inflation increase, as you can't multiply by 0 and get a real number |
| Yeah, that’s exactly what I am wondering: is the bank ok with giving you the required amount of loan if the market price is like 10-20% down? Or does the fact that you already paid back some of the first mortgage offset that? |
| 🏈 started let’s go |
| Why not both?! Sperm bank and plasma donation is a lot of money combined! |
| Were you expecting good financial sense from this sub, of all places? |
| It is though |
| Probably not, the average one also doesn't beat the market |
| Mining companies are down, yet copper and other metals production will not be able to meet increasing demand over the next few years/decades. Research companies with good financials and get in now. |
| Finally found a job I'm well suited for.. |
| Fierce selloff last week, can't go on forever. Starting to think next week we may see some green and flat.\n\nMy portfolio wouldn't like that. |
| Tell me you're regarded without telling me... |
| The smaller theatres will rot starting August 2022 due to the paramount decree. Studios can now blockbust and use other evil tactics to destroy the small chains. It's over for mom and pop theatres. Amc is the only theatre other than cnk that can grow market share and can still negotiate with theatres. Again, due to the paramount decree, all Mom and pop chains will be destroyed. |
| My man you need to ease back on the tinfoil. The US is nothing like Lebanon and deposits are insured by the federal government. If banks start failing and the US Government is unable to insure your $5k then we all have much bigger problems than losing a little money. |
| I think people under estimated how large their crapto market share was. After the crapto2 merger non of the crapto coins have a positive ROI by a large margin, nobody from that crowd will buy new GPUs. Even worse, they'll dump their GPU on the secondary market for bargain prices. A large market going to zero basically over night and that will really mess with everything. Old 3000 series inventory still on the shelves, because used ones are so inexpensive. Maybe for the first time a new series that will also sit on the shelves because its too expensive.\n\nOtherwise yes, they'll eventually be an AI company that sells gaming GPUs as a side buisness. Looking forward to buying the dip next year when things settle. |
| Not everyone like the slower pace of life in the flyover states. |
| Also if you’re DINKs like my wife and I. And you bought your forever home. Even if property values go down in the short term over the life of the loan you’re still going to make money. But this obviously only works if you have established careers and won’t need to move. |
| Op drew it themselves with MSPaint |
| Well yeah, because it's a smaller deposit and smaller capital sum borrowed, so more easily accessible, and can be refinanced if /when rates go down.\n\nBig brain energy from OP. Thought he was dunking but the hoop turned out to be a tippet seat and now he's splashed piss all over himself. |
| Please be real estate 🙏, I'm ready to shoot my shot. |
| Clearly |
| Also Firstrade is a reliable broker! |
| Depends. Taxes are 1% where I live. I did the math one day for fun and the pay back period is not nearly as beneficial as I would like. |
| Kudos 👏🏾 |
| He's got over 6% inflation left to curb, there are probably a few more hidden doors |
| It's almost like population density influences demand or something |
| Better not Google the 70’s or the lost decade. |
| Lol if you think the house price is going down. You’re going to get less house for the same payment. |
| I could use a vacation |
| 5k in 361p exp Friday  |
| Well you can do what so many of my (former) friends did in 2008-2011 which is walk away from their homes and just rent. They figured the hit to their credit would be less detrimental than having to come up with a quarter million dollars to get back even. Didn't matter to them that they agreed to pay. They wanted to ride the wave of the increase but not be responsible for the drop. |
|  |
| Me, who was a bull up until this week and lost a lot of money this year: haha dumb bulls |
| I left out average lol, you think your average hedge fund manager is sober |
| Bears are the type of losers that gamble their children college fund, lose it all, and then tell everyone they think community college is a great option. Lmao |
| Use etoro |
| Just DCA and delete your app after every purchase you make in your account, if you’re in it for the long term stfu and stop worrying! |
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| Visit Japan or Korea. You would realize how dumb you sound. |
| Also - paying extra toward principle goes a lot farther and the down payment is less. |
| The "reason" is JPM has a 3580 put it wants to cash in by end of month... |
| People are almost never forced to buy, but people are often forced to sell. |
| yeah this is my thought process as well. would be near 150K to close for the 600K house. probably need 90K to close on 390K house. that upfront cash makes a big difference |
| Lower down payments means I can keep original capital in cash/other investments. \n\nCan also refinance later. |
| If you save up cash, put in 35-45% down payment and you do not even have to worry. Plus like others mentioned before me, rate can go down in the future and refinance during that time gonna help. |
| Well you will be paying higher mortgage interest which is possibly deductible, you can eventually refinance when rates are lower, and your property taxes will be lower. |
| Plus with a lower principal value is likely to go up substantially over time, whereas if you buy the peak it will quickly decrease and have lower gains over the long term. |
| 110p March |
| Since we are tracking the 2008 chart almost identically... Shows we will hit JPM target end of month at 3580... I don't know about you but I don't see how we don't touch that for them to cash in on their puts and make some money. Gives enough time for a rally into elections and then the real crash after elections. UK fx crisis / recession / Russia War mongering... Seems like the real set up. |
| The standard deduction is 25k for married so yeah you'll want some pretty high interest payments to beat that |
| Kneepads |
| Amc |
| So millennials are financially savvy? I don’t get the joke |
| Yes saying it is nothing like what we are going to get so why do people use it as a reference and say it has to go back up its at its lowest.\n\n2008 was a propped up bubble that just got rewrapped so up it went again, same as 2020 |
| Guys the market is giving me motion sickness\n\nWoke up Saturday morn and throwing up |
| I’m unvaccinated since the military. Don’t even get the flu shots anymore. May die this winter. May not. |
| The same house, meaning prices dropped 35%. Yeah, I'll take the higher interest rate. Not only is property tax lower, if homes dropped that much, rates will eventually be on the way back down anyway so you can refi and there's more room for the home's value to go up. |
| But are you old enough to remember 8% |
| Worst fed ever |
| I know it’s a bit of a trick scenario bc technically in the real world no one would be fucking sell you a cow with zero dollars ( I owe you?) and turn around and sell at a higher price!! In the investing world you can use margin accounts or credit facilities etc. lol 😂 |
| I bonds |
| This is peak WSB advice. Still has its fastball |
| Op definitely belongs here |
| \n\nBears thinking about their next move while hitting their girls in the back like |
| Oh geez like a true degen lol |
| Good…. Gooooooood |
| If you become vastly upside-down in the mortgage they could ask for a lump sum payment too.\n\nAnd if houses ever get back to reasonable prices, or below the mean, down payment goes further. |
| Tech earnings next month and CPI at ~7.8 (forecast is 8.1) going to send spy to 420 🚀 |
| OP is a complete idiot... refinance later and Owe way less, and don't go upside down on mortgage.... |
| Was gonna say this. Say rates go back to 2.5% and you refinance. You just paid a lot less for that house. |
| Find me a livable 390k house and I'll pay 20% on that MF'er |
| Hope you are right. The lack of flights - and numerous flight cancellations - around Beijing is a bit unnerving |
| That's what I figured, but I'm about five years too old to really get memes. |
| Not true. |
| How about using my Va back loan for a 0% Interest loan at the pinnacle of the Fed rate hikes |
| Literally the people who originally started tweeting about it. |
| That’s a win |
| And this is why it’s on Wall Street Bets… |
| You are either very smart or very regarded. |
| Easy money |
| *George Soros has entered the chat* |
| Nah they're twitchy and paranoid its funny, rather be friends with a perma bear |
| This should be the top comment. People really don't seem to understand that housing stocks are still the lowest they ever have been. \n\nIn fact, higher rates are having a negative impact on housing stocks. It is very likely it's going to take years for the housing supply to catch up to demand. |
| Rice is great entree at a reception |
| Not smart bud |
| Some of you can’t do math |
| If they go down....... |
| Try Google and not social media than 🤡 |
| For me it's mostly about stability. If I have a home that I own, all I have to do to get by year to year is scrape up enough to cover property taxes and feed myself. It's a huge burden lifted from your life. I'm on track to have it payed of my 36 and I can't fucking wait. |
| Will do |
| This is assuming prices drop by 35% |
| It doesn't make sense to pay down your principal if your rate is at 2.5%. You can get a higher return over 30 years by investing the money instead. |
| And it's a much lower down payment |
| Don’t get the shot lolll |
| Why would anyone give the weekend thread a platty? No one even benefits except reddit. I don’t get it. |
| Applying this logic, we can also trust penguins. I like it. |
| I manage my own assets without being doped up put of my mind, yes |
| Not if you have the house be your primary residence and take the homestead exemption. I believe taxes can only climb by 3% or less YoY. |
| In CA it be like\n\nBuying a house for 600k at 2.5% interest\n\nNow that interest rates have gone up it’s \n\nBuying a house at 650k at 6.7% |
| I’m going to the fair today  |
| How can Taiwan news possibly be a net positive for the stock market? I understand defense sector spending goes up but won't that just make inflation worse? I think market tanks on any news of escalation |
| Wish I can baghold a house 🤣 |
| Public school systems? Lol. |
| The best thing to do is come back and buy it when the coast is more clear. Even if you don't buy it at the absolute bottom.\nUnless you don't mind hodling\n\nI do |
| April 1945 Berlin was a great time to start investing. Even if you were stuck in the East, you were about to have 30 years of growth. |
| But will |
| Bulls have to think this through. Is it a Bear market or is this still a Bull market? Look at rate hikes schedules, looking at recession coming, look at the chart for the year. If you think it's a Bull market, then buy the dip here. If you think it's a Bear market, what does that mean? It means you are going under the 200-wk MA and going to be trapped under it until it's over. Could be many months. The covid crash was still a Bull market so it didn't stay under the 200. This is something different. More protracted. |
| Holding SQQQ through the weekend like a regard. We shall see what Monday brings |
| >i still think you misunderstand. the yield is to get you the rate despite a decrease in bond price so that when held to maturity, you get the par value plus the rate value.\n\nI don't get your English. And before we got into technicals, you are a guaranteed total payout. You wrote tough:\n\n>lotta people in here conflating dynamic yields with fixed rates. one is paid out of the bond's value (like a dividend), the other is paid atop the amount lent (like a mortgage payment). if everyone starts buying up short-dated bonds, the yields will go down.\n\nBut dude if you hold until maturity, it doesn't matter anymore what the market does. You get your payouts. period.\n(it only matters if you want to sell early or if you didn't. buy the bond itself but an ETF that constantly renews the bonds it holds)\n\nOr to put in an example: If you buy a 100k US2Y now, you pay 98.25k. And you will get 4 payments (every 6 months) of 1.625$ and 100k at the end. period. |
| I'm surprised he didn't nuke Kyiv day one and vaporize Zelenskyy |
| Bagholder spotted.\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.* |
| This sub is not for financial advice in case people weren’t aware |
| Remember, this lady's vote counts just as much as yours. |
|  |
| New Zealand seems to have their shit together. It helps to be several thousand miles from the rest of the planet. |
| Some of the cities in the PNW have been volatile. |
| Perma bears too. There is time to be bull and there is a time to be bear. Also, the whole point of being a bear is to become a bull some time. |
| When lambo |
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| It's hard to say, but it entirely depends on your area. Trying to feel out the bottom of the market is pure alchemy, though.\n\n​\n\nI know that in my area there's a lot of panic that prices are dropping, but they're still easily 30% above where they were two years ago. I don't read enough crystal balls to know whether they'll come down any further, but if I did, I'd expect another \~10% drop in the next year. |
| I don’t know where people are seeing 600k houses that were at 2.5% that are now 390k at 6.7%. It’s more like the home has fallen to 500k at 6.7%. Some markets like in Florida are even worse and the prices have barely dropped. If homes really fell by 30-50% it would be a great deal to buy now and just refi later, but that’s not what’s happening in a lot of prime RE areas. |
| chain their doors shut, just accepting their culture |
| Very good, here's a treat. |
| Not looking very hard buddy |
| My guy I finally make 6 figures and I can’t afford either |
| That’s valid, but on the same token they can always get much worse. \n\nOver the years it may take to get that rate back down you could have paid more principle off the 600k than the 390k. We are at 6.8 and inflation is still going up - I expect to see 10 within a year. I don’t think we will see below 4 in the next 3-4 years. |
| The real thing is if rates go down you can sell for 600k |
| You literally used 2008 as a reference lol. |
| Food |
| Oh shit I can get free pallets from the local lumberyard daily. Might have to stock up. |
| You hit the nail right on the head.\n\nI moved my family out of California to the mid west.\n\nPaid cash for 3800sqf home.\n\nLife is soooo much better out here. |
| 🤦 Please show me where it says anywhere about them being credible sources? |
| That's how it happened last few times. Only the biggest companies kept the S&P up until the end. But yeah, I'm guessing everything else.\n\nSo while I'm at it, SPX - 40% from ATH is 2890, so therefore SPY ~289 before mid March 🙃\n\nGL! |
| Inflation was extremely rampant back then. So real returns weren't as high in the markets.\n\nFortunately, we have globalization to some degree now. Unless China and US stop trading, I don't see such high sustained inflation long term.\n\nIf China does fight for Taiwan, I can definitely see much much much higher inflation. Literally Turkey effect in the US. But I assume both nations are somewhat sane. |
| God Damn It! AGAIN!!! |
| Watch this super interesting… basically if we don’t break the 52w low we bounce so it’ll be hit or miss, I think if we break that low we crash which is very possible and I’m right there with you I’m not hedged at all I’m all in on puts\n\n\nWatch the link |
| I'm not morbidly obese or suffering from severe mental illness so there's no shot I get a reply on Ask Docs. I will never forsake my fellow degens. |
| In texas everything is still booming. It seems even a recession cant kill demand for real estate |
| That’s out of my wisdom. The real sharks in this channel will have to step up with some bangers |
| Wife's sister and her husband just closed on a house near us for 300k. When my wife told me I simply said GG as they're going to be in trouble quickly. |
|  |
| If you would watch the videos you'd see that they're from a writer who contributes to the New York Times and provides quality journalism with reliable sources.\n\nEdit: Whoops I mean the Washington Post, my bad |
| Not in all states. Some states taxes are based on their own assessment regardless of the price. |
| He totally fucked everyone by being so stubborn. \nFucked equities, and fucked the social equity licenses he said he was going to help.\n\nBut this is the first time hes signaled the HE NEEDS SAFE - otherwise his social equity licenses in new york are fucked. \n\nI know no one cares right now - but this is going to pass in november/december. \nIts going to be attatched to NDAA in october, and another must pass spending bill, and the pressure is there to move it and get it out of the way from republicans and dems. \n\nThis is massive for the equities -….. and the stupid retail don’t realize that institutions are salivating to buy at a huge discount when they are LEGALLY able to. \n\nWe should be front running the fuck out of them…. |
| Yeah, it's a key-person risk issue. Sure it is. |
| As a LO, agreed. Even at 150% AMI I’m struggling to preapprove buyers for the average home. Demand destruction that hasn’t been realized yet. I’d say late Q4 we see some serious home value depreciation. |
| Bears portfolio is gonna look like Putin dropped a nuke on it after next week |
| F U |
| jury is still out\n\ndoing more research\n\n |
| It’s the same payment overall for 2 options. Just pointing out an additional benefit of one of the options. |
| That’s a good point. Overall the higher interest rate scenario will work out best and has a lower down payment. Probably end up in the same house either way. |
| I am setting on cash, if houses prices start to cool down an able to find some in 1ksqft with 2 beds, I will do a 50% down payment and mortgage the rest over 20 years. |
| It’s a fucking joke. Nobody needs ur math lesson. We know how to add. Goddamn some of you people are completely intolerable. |
| that makes sense though because the purchase price of your house can never change but you can refinance for a lower interest rate. |
| Okay but here’s the thing\n1. It’s easier to have X percent down.\n2. Interest rates will fall again once inflation cools. So we can refinance at the 2.5% with the lower house cost. |
| even if you did stream I feel like OBS would be a better solution for that but I guess I haven't explored the nvidia thing enough to know for sure. I have played extensively with OBS tho. |
| I’m still dollar cost averaging down 😂.\n\nAlthough it is now 50% of my portfolio 😵💫 |
| You think your hedge fund manager is sober? |
I totally agree but Monday is such a critical day\n [9/23/22 After Hours Market Breakdown] Your daily after hours market breakdown on the SPY. I walk you through a technical breakdown of the SPY, the best trades of the day and what to look out for... www.youtube.com |
|  |
| OP clearly never bought a house before |
| I'm not sure what this post is trying to say. |
| If only local counties were so generous to properly asses a properties value… |
| anyone still fuckin’ with TQQQ or SQQQ next week? the both seem to be at or near their bottom and top respectively. but I still don’t think we are at the end of this selloff although it may slow down here a bit |
| \n\nYou changed the comment, dickhead |
| You can always refi out of a higher rate.\n\nThe down payment is what I can’t afford. The monthly payment is what it is. |
| Or any land mass on Earth? |
| The price of your home is based on the market and what someone else is willing to pay for it. High rates impact that person's max offer, but aren't the only consideration. A refinance, only restructures the loan you took on the house and typically doesn't impact the value. That said, banks will require a home appraisal for a refinance as you're basically paying off your old mortgage with a new one at hopefully lower rates. |
| LOLOLOL you think interest rates are going back down to where we were before? Now that is truly WSB mentality. |
| you know after a driver update I actually have a random issue where sometimes my overwatch won't load and it locks my pc down to a crawl (its an i9 with a 3090 lol) and I have to task manager close it and sometimes I have to do that 3x to get it to run othertimes it will open up normal and fine. That started after a driver update. Not sure if it correlates but it felt like it did. |
| Perma bulls are usually boring ass people lets be honest |
| What market are you in? Our area stabilized and dropped slightly from the peak but nowhere near that kind of drop. We're in Denver. |
| hey handsome  |
| Send me sone X to prove your theory |
| Reverse troll…maybe reverse reverse |
| Both my neighbors are Chinese families. So I gotta listen to their dumbass kids and dogs yet I can’t smoke even a bowl. Wtf where is my freedom |
| Did you really just us YouTube as news source to discredit another new source? Jesus this planet is fucking doomed. |
| I'm more in the Elliot particle school of thought |
| Well, how about sharing some links with us, if they sound like credible sources? |
|  |
| The deals are where you pay cash. Mortgage is for poors. |
| Wait…this seems wrong |
| Small anecdotal data set of my friends and family says yes, you have side effects for 24 hours and it can be unpleasant. |
| I’m actually looking at the Volcker period for clues. In that period, rates were high but the market actually wasn’t bad at all. Volcker in office from 79-87 and from Oct 1975 to the top aug 1987, SnP returned 430%.\n\nMy point is, businesses will adjust to the new environment like they always have in the past. A lot less zombie companies for sure as well without cheap money to fuel them. So that concludes it, no one knows when the interest rates will going back to 0. Your guess is as good as mine. Could be 5yrs from now or longer or much much longer. |
| Good stock |
| The election was rigged. |
| Let’s ignore that double bottom. |
| And nowadays it’s more like buy that 600k house for 585k and a 6.9% interest rate and get fucked both ways… |
|  |
| There was a dude in the 1600s who said the planets revolve around the sun.\n\nEveryone called him regarded. \n\n>*"No, the sun revolves around the earth", they said.*\n\n\nThese chimps are still the same and infinitely exploitable. |
| Yeah that’s what it is. I’ve met some old dudes that lived an active lifestyle and ate right and look like they’re in their 30s. You would’ve been surprised when they told you they were actually 56 |
| Or Reddit? |
| This seems like a good place to ask for medical advice |
| The relief rally this week will be brutal |
| Does he give good head? |
| Russia really only sending minorities so they can nuke em without consequence smh |
| Lol this nerd thinking team red vs blue actually makes a difference in their peasant life. You’re not in their club homie. |
| Just recently in my area a house went from 750k when we checked in Aug 2021 to still on the market and now at 500k. |
| Your post is the first post about BBBY I’ve seen in quite some time… |
| Get the shot |
| Yeah because I got it in a hospital administered by an anesthesiologist. Would I ever try it recreationally? No, fuck no. 20 years ago a close friend died from a fentanyl transdermal patch overdose. |
| 2300 you forgetting insurance and taxes homie add another 1500 🙂 |
| No one is buying houses right now. The scrapes on my knees and pain in my jaw are physical proof. |
| I’ve never had a pumpkin spice latte are they good |
| Anxiety |
| Lol what the fuck is wrong with you? The epoch times 😆😝🤣 |
| If bulls like having high inflation rates so much, maybe we should send them to Turkey |
| Biden could have gotten rid of him, but "norms". Also why we're stuck with that one piece of shit at the USPS. He nominated a Dem to the USPS Board of Govs who was opposed to removing him lol |
| Your very correct, and ftaang stocks have been skewing valuations for years now and I think we are seeing that play out hopefully more and more they need to come down to realistic valuations EPS cannot be the only driver but that’s how it’s been. Soon consumer sentiment failing will be the catalyst imo and we will see that possibly in lower holiday numbers than previous years. I am ready for the next bull market run don’t get me wrong I just don’t think the bear will die till after Christmas or later |
| Yeah, depending on where you live. Housing in some areas needs to crash hard. I’m sorry, but retirees living in the Bay Area for example don’t deserve a million dollar return for a house that’s a shitty tract home. They deserve to be taken care of, but the valuations are absurd. |
| Both are wrong, he’s supposed to buy at 600k and sell at 390k, then spend the 390k on options that expire worthless. |
| No, that same house does not cost $390k. |
| Lol wut? How many millennials you think have $300k in cash laying around to buy a house? |
| Easier down payment too |
| woke up thinking it was friday |
| Strange dream…. |
| I saw a one million dollar house dip down to $70000 in 2010. No way you could afford the taxes and HOA fees though. You must have been born yesterday. |
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| I can look right to the back of your collar. Sorry. You don't have the skills (except to be a capital source for the market).\n\nAsking a anonymous person to do your thinking for you is the surest sign your lost. \n\nSo go on pretending you know what you are doing. Hopefully labeling, shaming, and virtue signaling will be a feel good substitute for experience. |
| Absolutely lock in the property tax at the lowe rate. It will save a shit tone over 30 years on property taxes |
| Bivalent Covid booster scheduled for later today, feeling under the weather (negative for covid). Should I get the shot or delay it? Did you feel like shit after the bivalent booster? |
| Maybe if house is in shitty neighborhood. Good neighborhood, price stays roughly the same and is driven up anyways by people unaffected by inflation.\n\nAs noted, it won’t be same house, supply will be limited to undesirable houses or locations because the owners will be reluctant to sell at such a discount unless they had to move.\n\nThat being said, 100% truth that if you can get lower mortgage and refinance in a year, more power to you but bear in mind, don’t expect it to drop in half in one year. It didn’t after 08 and only reached recent low levels 10 years later. |
| I brought at 600k now my interest rate is 6.7%  |
| I sold a lot of my records last year because prices were insane. Maybe I shoulda held on longer with my grails, but I don't miss em |
| Nah let the stupid losers who won’t work and spend all day on Twitter die. The stupid losers who won’t work hide behind the eldery |
| I reckon my trading skill would turn a billionaire into a millionaire preeeetty well |
| It’s fake stop falling for bullshit |
| I probs am paying 30% more for labor now compared to 1-2 years ago. Granted, I can’t do what I do without my people and people won’t do what I want unless \n I pay them more money now days. It’s fucking vicious cycle lol |
| Your assuming they are buying the same house for 210 less. |
| Some states property taxes are based on the town's assessment and not on the actual price you paid for the home. |
| This entire country is based on that. |
| Chump change |
| 600k to 390k [Citation needed]\n\nHypothetical price drop stated in said meme, while certainly possible is a long way off… therefore meme=garbage. |
| Up 300 I thought |
|  |
| Nothing even remotely informative she’s literally insane. |
| NGL it’s pretty beautiful |
| No it is 845am where I live. Maybe you live in a different country where you have different procedures for brain dead patients. Perhaps that place doesn't use English as a first language and you are having a difficult time understanding. Or maybe you are just an uneducated bottom dweller. Regardless of which one it is I'll try to help your smooth brain understand. In the United States when a patient is brain dead(one step below you), which is by definition legally dead, they take the patient off life support. Assuming they are organ donors they will find recipients for any viable organs prior to pulling the plug. \n\nSo there you go little buddy. Today you learned a bit about medical procedures and reading comprehension. Big day for you chief.\n\nTalking to you reminds me of Mark Twain's saying. "Don't argue with with stupid people, they will drag you down to their level and beat you with experience." |
| I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: AVCT AVCT.\n\n We don't allow discussion of low market cap (less than 500mm) tickers to prevent pump & dump spam and scammers. |
| People never think about that if things improve for them financially they can pay the house of faster if the closing price is lower. |
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| Does he think the FED will ever say exactly why they are doing what they do? They wont. Because it's not something that anyone should ever hear (philosophically speaking), and not something people will want to except without creating a literal day of the rope. |
| hanging out here is tough with all the pumpkin spice latte guys like u/vacationlover1 |
| Also lower taxes |
| Fake news: I have consistently over many years timed the market PERFECTLY to lose my money every time I deploy it |
| This and who was "pay down the debt fast as fuck so that interest rate isn't as important" |
| Your experience is much better. I did the same thing once from a California to DC flight. I was shitting bricks due to panic during first half an hour. Then I fell asleep and didn't wake up when the flight landed in DC. I woke probably 40 minutes later as they were taking me on a wheelchair with a massive headache. |
|  |
|  |
| being old doesn't automatically make you a cripple right? those people that can't fucking move just sat in a chair for like 50 years and got fat I'm pretty sure |
| What $600K house is selling for $390K? |
| Millennials are just used to taking on absolute metric fuckloads of debt on useless dumbshit, and the scalpers are taking advantage of them not knowing the history of housing prices. At least you can walk away from this debt. |
| Not me. I disapprove of that kind of behavior |
| One more time for the boomers is the back 👏👏 |
| Jobs. |
| Jan23 40 C |
| You dont want legalization for the top 5. You want the current environment for many yrs. Limited licenses lets u build moats and first mover. \nYou need a banking bill with uplisting - thats it. \n\nThe buisnesses would thrive under that scenario, |
| Neither one of these panels makes any sense. A 600k house or 390k house you're not going to have a $2300 mortgage no matter the interest rate. That's not how any of that works! |
| Different down payments. |
| Is this AFTER your emergency fund? If not, leave it in the bank. If you’re good with your 6-12 months of salary in the bank…If you have debt, pay it off. If not, start investing into a Roth IRA into the total market index fund of your choice. This is not the time to be foolish with hard earned money. If you want to buy single stocks, do some research on Morningstar.com and build a portfolio. This is a good time to start buying quality, but only if you’re stable financially. |
| I see someone hasn't heard of the bullshit that is "disparate impact". |
| Wait, was Burry the ornamental gourds guy in a burner account? Calls on ornamental gourds is it! |
| OP is stupid for posting this. |
| It's weird to me that an unelected private banker can decide he is going to intentionally destroy the US economy, and there is apparently nothing anyone can do about it. |
| We can only hope. |
| IRS guidance, if you want to go straight to the source. Just search mortgage interest deduction. \n\nThough keep in mind that if you’re taking the standard deduction, you cannot deduct mortgage interest. Also worth noting that deductions are not a dollar for dollar benefit—youre just reducing taxable income |
| Nobody knows for sure, yet |
| Reddit has a paid team called **Anti-Evil Operations** (part of the "Trust" & "Safety" team) which goes around permanently banning accounts for saying bad words. We made automod block them so you don't lose your account for saying a word and getting reported. It's not our rule, it's the entire website now, we're just trying to look out for our people. Sorry.\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.* |
| It’ll be Tiger King: WSB edition |
| What percentage of homeowners do you think stay in the same home for 30 years and never refi? |
| Ain’t getting the same house for that. |
| Exactly what I came here to say! |
| They sold all my investments weeks ago restricted my account with no explanation still have heard from them I just want my money to move onto Charles Schwab |
| This must be true in some locations but it’s not true near me. Town tax value appraisals are separate from market value\n\nAnd on a fundamental level your local property taxes are just the municipal budget divided by your fraction of the town property. House prices going up and down don’t change how much money the municipality needs to run. |
| Not aure about 400 but guessing we bounce off June lows. Why? Many many reasons. Most important one is....because it always happens. |
| I agree. +20% in the markets with Chinese military coup. Easy money. |
|  |
| Stated way before that on an Indian parody account. |
| He's the wife-fucker we hear about. |
| yeah hunting is like an activity that humans have been doing since the beginning of time. |
| Oh geez this makes the most sense 🧐 |
| You were here in spirit regard |
|  |
| Ah, the wisdom of Westley Snipes.... |
| Costco is America’s greatest cultural contribution to Mother Earth. |
| It's only a matter of time that all the weak real estate hands get wiped out and prices drop significantly |
| Wyoming has no income tax but property taxes are adjusted based on current values. I know people that built houses 20 years ago at a value of 400k who now pay property tax on the house valued at 2M. |
| I’m a buyer at 69.69 |
| Is OP trolling ? The 2nd option is a better one by far |
| This is why we make fun of boomers... |
| Did they print enough for you to even afford cow leather? Or are you on a vinyl budget? |
| You ever try to train someone on a job but they can’t follow you to the next work station because they need to have their ankle bracelet plugged in because they’ll go back to prison again if it dies?\n\nI have. |
| Reddit has a paid team called **Anti-Evil Operations** (part of the "Trust" & "Safety" team) which goes around permanently banning accounts for saying bad words. We made automod block them so you don't lose your account for saying a word and getting reported. It's not our rule, it's the entire website now, we're just trying to look out for our people. Sorry.\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.* |
| Smoked then grilled |
| Which one is the next hyped ticker? Is there a website? I NEED THIS, MAN! |
| RDFN. You’ll thank me in 5 years. |
| SQQQ doing fine |
| Also dinosaurs like cocaine |
| It’s the same house in the end, the fact that more of the money went to interest instead of capital makes very little difference |
| Lol, being short is being a bear you fucking dumbass |
| Obv |
| A lot of places re-evaluate property taxes on a biannual basis. So if your home value goes down your taxes also go down. |
| $69, 420.20, that's 7 figures! |
| I get tired of explaining this to people. |
| More like $250k for a home in foreclosure. But yeah I’ll take the high interest with lower closing cost and refi when rates recover. |
| So what’s going on with Winnie the Pooh? Anything actually confirmed? |
| Where is that data pulled from? Thanks in advance. |
| It’s the same house |
| Still alive and mad as anything haha |
| You can also buy down your rate but it’ll cost ya |
| Wallstreetbets becoming long term investors |
| This would be wonderful in theory. But the reality of it is more like a 600K house at 2.5% a couple years ago to a 590K house at 6.5% now. |
| Spy puts in a bear market isn't genius |
| There is no mobilization you 🤡 |
| Grilled, it’s got a enough flavor already on its own come on man |
| OP dumb |
| Will certainly not be tuning into that shit  |
| And down payment. $120k vs $80k to avoid PMI. |
| Yeah, thought this meme was so dumb. |
| Even the precious metals market are being manipulated |
| Get into it YUH |
| A significant rate of return, in any investment, is made on the purchase. The loan, if needed, can be refinanced, paid off early, etc. |
| That is for the wealthy, not us plebs |
| I have plenty of other clients. |
| It is indeed a better option. You can always refinance with a lower rate. Rarely can you just not reimburse the capital amount |
| You’re mum is overvalued  |
| They can turn you into one these days rather easily |
| Most of this nonsense came from an Indian version of the onion and is complete bullshit. |
| This is true, I bought the December before covid hit for $350k. House is probably worth around $475k now (for the time) and my rate is 2.5% |
| Absolute truth. |
|  |
| more?... **More?...** **More!...**\n\n#MOAR! |
| No, I just know I am successful and I certainly don't listen to dumbfucks on the internet |
| Can anyone help me buy calls on pumpkins? I think they’ll peak right around Christmas. |
| Janet right here 🚀🚀 |
| Have you seen the documentary about the photographer that took the original photo?? |
| Solid. |
| They're not the source, they're the publisher. Highly regarded. |
| Finding a home for 390k that isn’t a rotting ex meth lab is even harder. |
| This all makes sense if they borrowed the $800 initially with an APR of 100%. Still owe $400 to the bank 😂 |
| That we pay for but that we won't have. |
|  |
| This Netflix GME documentary thats coming out soon looks cringe as fuck. |
| Grilled if a good peice of meat. |
| I’m in DFW as well. This week my clients offered $342 on a house (listing). They accepted another offer. Interest rates went up Wednesday. Friday listing agent calls me and says buyer fell through, are we interested? I tell her yes but interest rates rose and my buyers lost about $13k in buying power so the offer is going to be around $330-$335. *listing agent shocked pikachu face*. I think she sees the writing on the wall that every time the Fed opens it’s mouth that house will be harder to sell. |
| There are a lot of things that are illegal but that doesn't stop it from happening when shit hits the fan 🤷♂️ |
| Also, if you’re underwater because your house loses 40% of it’s value, you’re not getting approved for a loan anytime soon. |
| People like to throw this around like its simple. Refinancing cost money and isn't always the best options for someone. |
| The first hour I was sweating bullets lol perfectly fine just sweating alot, by the 2nd hour tho, I passed out and woke up at landing lol all in all it was alright but the airport and first hour were rough lol |
| Uh, not that slowly... |
| position? |
| You should only have a monthly payment you're comfortable with at a fixed rate. Simple. |
| The algos have a tough time factoring in irrational plays |
| Yeah op is a true degenerate to think these are the same thing 😅 |
| If I was a girl I probably wouldn’t mind being a bottle service girl at a nice club |
| Not only is OP seemingly mocking Millennials here (for having the correct view), he also likely read [this tweet](https://twitter.com/BackpackerFI/status/1572681112450744328?s=20&t=nXr7-zFspPaBq0_1PmPG3g) and assumed it was talking about the same house, when it's clearly just talking about mortgage payments and buying power and NOT the same house. Basically, OP is a dumbass. |
| Very poetic |
|  |
| Exactly, people moving from the west isn't gonna make cost go up, increase strain on resources, which leads to homelessness because..... oh |
| Yeah that’s not off the table. But damnit they’re a good company |
| Is it cheating if i’m a permabull and i’m making profit from my put hedges although my calls got rekt? Or am i a bear in cow leather?  |
| I don’t care just tell me where to find a 600k house cuz this feels like a fantasy |
| Hang it up dude, good game/thanks for coming out |
| Wait the principle went down? |
| Fucking word salad lol |
| Don’t keep all the crayons for yourself |
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| Is that the same math our government uses in the states? |
| You’re assuming the prices drop significantly. Why would anyone with a morgage under 3% sell to get a new 7% morgage apart from exceptional circumstances. Inventory will dry up prices will dip 10%. |
| I installed adblock on my iphone safari and watch Youtube on safari. It’s great |
| As OP’s mother’s boyfriend, can confirm. |
| People who upvote this meme belong here. |
| There’s a difference between a crash resulting from authentic economic conditions and one resulting from knowingly forcing businesses to close. |
| Reddit has a paid team called **Anti-Evil Operations** (part of the "Trust" & "Safety" team) which goes around permanently banning accounts for saying bad words. We made automod block them so you don't lose your account for saying a word and getting reported. It's not our rule, it's the entire website now, we're just trying to look out for our people. Sorry.\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.* |
| If I keep blocking the bulls, at this rate all twelve of them will be gone from my life in a couple of weeks. |
| How many times is this same stupid meme gonna be posted? This one is ancient and we’ve all seen it innumerable times. Ban for eternity. |
| And who is gonna sell their house for 390k when they bought for 600k? You think just because peoples houses drops hundreds of thousands of dollars they will magically want to sell? |
| Guess her occupation |
| If you know it's coming here eventually, you should short banks stocks or the market index. \n\n\nBut you don't know that, noone knows that, so as always if your time horizon is long enough you should DCA into S&P 500. |
| This is even better then the real explanation lol |
| A little different angle but they need some actual phone improvements to get people to upgrade \n\nI have 12 pro max, and have heard plenty of other people share the same sentiment, we aren’t missing out on anything yet with the 14. \n\nAlso, for how much a person uses their phone, 5 dollars a day is prob the most efficient use of money |
| There's a handful of products/ services everyone has and will continue to have even if the economy continues going south. \n\nVehicles, phones, energy, food, guns, a few others. There may be some losses in these areas, but nowhere near luxury items, tourism, or company's that are relying on acquiring new debt at high interest to continue operations. |
| Lmfao the insecurity you have is incredible 😂😂😂 |
| Lmao |
| sooooooo 2020 |
| But high sell higher |
| Also easier to save for a down payment on a $390k house lol. |
| That's not true if the rate of return you'd make by investing the cash is higher than the loan interest rate. For example, if you get a loan at 3%, you'd be better off just paying the monthly mortgage and investing the rest in the market which will give you 8-10% over 30 years.\n\nWait, shit, this is WSB. Yea, if you have cash, you should probably just pay off the loan ASAP while you still have money. |
| The ad on my credit unions app says they have a free 'Recession proofing' seminar |
| Bump |
| Buttermilk. |
| Nice to see you posting again u/SIR_JACK_A_LOT !\n\nLooking forward to seeing the results of your trades in a bear market.\n\nThe damage you could do in some of those small caps with tiny floats and bloated option chains is an exciting prospect. \n\nI was in Big five when you swung in and out. Your play there made a big splash. \n\nI hope you are back to race to 10 mil again |
| 08 great recession did a slight overshoot of dot com crash. so if we overshoot covid crash we should be around 1800-2100 on s&p |
| smoked ribeye or just grilled\n\nhmm |
| Oh you’re financing with a high rate? Let me just cut my asking price in half. |
| Amortization tables |
| Or maybe your just a stupid addict |
| I just wish it could keep drilling so I don't have to hedge or sell my position and buy back in at a more favorable price. Imo any rally is just delaying the inevitable. The sooner the recession goes into full swing, the sooner we recover. |
| Buy and you can literally refinance it at 3%, I swear. - shady neighborhood realtor |
| Unemployment, then housing |
| OP got roasted in the comments. Post loss porn. Don't change what you're good at. |
| I have a very dumb question: what happens if, when you refinance, the market price of your house is much lower? |
| highly regarded. |
| Value investors are lying to themselves if they're buying or holding right now\n\nThere's no value anywhere, and even if there was, it's not worth buying, because all the overpriced stuff will drag down the value and it will become even cheaper. If I'm gonna buy something, I'll be gambling or buying very safe bonds, because you can't "invest" in a circus run by drunken clowns |
| Came here to say exactly this |
| Stock not moon |
| The expectation that they can continue to innovate on tech hardware is a much bigger issue. And all their services and software are tied to the hardware |
| K, thanks, little buddy, I really appreciate it. I'll make sure to check into it. Now scurry along and go outside to play. |
|  |
| What the fuck is up with the math in these stupid ass housing memes. This is not what those mortgages cost. \n\nMaybe it’s that people don’t know how to calculate the time value of money and the actual monthly payment amount. Or maybe it’s that they conveniently forget that a mortgage entails other costs like property tax that will be included in your monthly bill. So they can minimize the actual effect of the current housing *CRISIS*.\n\nBut, whatever the cause, this is not the actual fucking cost of either of those options. Maybe that’s the joke? But I doubt it because no one else seems to get it. |
| Then put it all on a credit card. |
| Haha, take care of business. My one caution would be that the child probably connects you with their Mom for the rest of your life so put some thot into that  |
|  |
|  |
| You can take away my house, but you can’t take away my iPhone upgrades!\n\n |
| It hurts right in the “I closed below 3% near a historically high HCOL” area, your honor |
| rates are below inflation how are real rates positive? |
| Just hire a good cpa this year and get it sorted |
| Maybe for like a day or two. \n\nThen we go lower. |
| And you can save up and pay much easier |
| Omg your a genius!!! I inverted a couple numbers to see if that was it , never thought of doubling … you solved the mystery 🏆 |
| Yes. Clearly. You argue Chinese meltdown is bullish and then throw out contradicting insights essentially suggesting the bears are morons and YET you are in cash (which would make you a bear, not a bull). You really need to narrow down your point of view and stick with it here. Are you a bull or a bear? And then stick to your argument. Dope. |
| Lol, what a dumbass thought. People won't buy phones and computers anymore. Jesus Christ, bears are so fucking stupid |
| But the ones that do live off social security checks |
| Whole thing is dumb. You still have to find $2300 every month. Either you do that for a $600k house or a $390, makes no difference except when it comes to selling it. |
| I've been doing that for ages and it didn't work |
| My husband and I just bought a $4K mattress. Look...think about how much time you spend sleeping?! And...it should last you 20 years, it's an investment in good sleep. |
| Imagine not being an EBITDAddy |
| All good, I’m also not too familiar with American mortgages so it’s a learning experience for us all. I should have clarified in the first place(other than when I said “where I’m from” lol) |
| The first loss of 600 has me very confused. The only thing I can think she did was treated it as a 200 profit to pay down the 800. |
| With a seismograph |
| I do coke\n\nSo I can work longer\n\nSo I can earn more\n\nSo I can do more coke |
| You're now an enemy of the state for writing enemy of the state, regard. |
| Umm no that is illegal here in America. The banks must give you your money. The federal government FDIC insures your money deposits with the bank up to $250,000 [FDIC INSURANCE LINK](https://www.fdic.gov/resources/deposit-insurance/brochures/deposits-at-a-glance/) |
| It's great when you buy the house at reasonable valuation relative to income.\n\nNot nowadays in which no one can afford a house. |
| r/girlspooping 🤫 |
| I also took this screen shot in Sep. 2020 |
| Yes.\n\n-Mr. No |
| irs.gov |
| So how come he’s a billionaire and the other millions of people born at the same time as him live off social security now? |
|  |
| Well one has the chance of appreciation so |
| My wife and I got lucky last year and got a 303k house for $1,400 mortgage at 1.99% interest |
| Coming from an iphone x, def worth it for the faster speed and better camera. Everything else is meh |
| Why the same mortgage if the cost is 40% less? There is no obligation to ask for a 100% mortgage. \nThis meme makes no sense. |
| Idiots TA on Elliot Waves thinks there will be bounces towards $400 before the next dip. Why the fuck would the market bounce back to 400 when every news is shit news and powell wants to fuck your mom? |
| He said the feds needs to stop tightening because he's a permabull even if he said at one point the fed needed to do it earlier. Dork is right. |
| 💯 most people (dumb) miss this point!! |
| This guy gets it |
| Plus the oversized down payment you need, plus the debt to income ratio difference between the two options. I own a house, and still think prices are too high. |
| Thing is ... It is not going to be the same house. Everything remaining constant, millennials will simply live in smaller houses. |
| That’s my logic. I’d rather buy low regardless of interest on a house I want long term. |
| Also taxes are based on the sale price, so a lower sale price means you pay less in taxes on it in the long run |
| That's true. Meant that in my rambling. Throwing the savings at additional principle will save thousands and cut the life of the loan drastically |
| If it's gonna be hairy I'd suggest bringing a razor no one like a rough looking pocket holder now do they |
| Try doing it sober |
| Was it okay |
| Gypsy is so good |
| ONLYFANS |
| What are "spy puts"? |
| # TQQQ 🇺🇸🇺🇸🇺🇸\n\nHulk green coming 📈 |
| Lol you mean *millennials who were able to live with their parents most of their adult lives |
| This is the way! Gratz |
| About as logical as a dumbass bear can get |
| Fun part is, the house price does not come down proportionally like that. |
| Tell me you got brainwashed by a realtor without telling me you got brainwashed by a realtor\n\nYou're one or those suckers that just got screwed with "Buy now" eh |
| Jerome Powell gonna make you bleed from your angus |
| I've literally never bought a mattress of my own from any of those mattress stores. It's always been Amazon and always like 200 to 400 bucks. Quality is good too idk who tf buys from those stores |
| Amazon 100p. 10/21 |
| More drugs = more money is what i learnt |
| Yep much better situation. Totally agree. |
| Out of the 9 states with no income tax on property tax they are ranked 9, 10, 15, 24, 30, 33, 35, 45, and 49. The average of those rates would be 1.14% which would rank 33rd. So, slightly higher than average but much much lower than most state taxes. Please stop shilling for the government to take our money, thanks. |
| O block nibba |
| Wow thanks for this. Certainly didn’t know the annual taxation on unrealized gains was a thing for Aktiesparekonto as well - I thought it only was for the Aktiedepotkonto. Agree with the limited options in terms of brokerage - I’m using Nordnet and honestly don’t know if I’m being ripped off or not but the having to pay in DKK for stocks listed in the US is annoying. Do you mind if I reach out in the future? |
| Don’t be. We all have at some point probably |
| Peak capitalism was in ‘29 when people literally jumped outta windows at the stock exchange during the crash\n\nLike lol wut lmao |
|  |
| Underpants gnome |
| Lol |
| Exactly, it’s not about the monthly payment for me. |
| So… what do I need to buy? |
| LOL thanks for the photo creds, I posted this yesterday  |
| Of course, obviously was speaking generally. I'm right there with you. |
| I'm genuinely scared the pressure from people like this economics professor are gonna make j pow pivot when he needs to do the thing that will have everyone hate him |
| Bet you think your best friend is Batman. |
| How's it going buddy  |
| Interesting, I’m wholly unfamiliar with Canadian mortgages. Thanks for the clarification. Sorry the degens are shitting on you with downvotes. |
| Can someone convert this to a log chart? |
| Disbelief \~ we'll be hopeful in spring |
| Quit while you're ahead |
| Obv |
| Apple is a company built on the premise of endless disposable income and easy credit to keep buying their garbage. Well, those days are gone. |
| The holes are there so you can put your legs through them. |
| This shit makes zero sense. Obviously who ever made this meme never owned a house. You can always refinance when rates go down. If both houses are the same then you are an idiot for paying $600k for a $390k home. |
|  |
| sell and eat for a few weeks? if that? |
| “Biden is our best president ever, I mean just look at how great our economy is.” |
| Yeah damn it's called the down payment. Gotta get past that "we aren't sure if you can pay this at half the cost of your rent now so we'll charge you 20% interest" payment. \n\nDo people not actually know why younger people aren't buying homes? Its not that we don't want to pay 50% or less compared to rent it's that its hard to come up with 20-30% down to not get double fucked and continue to waste money.\n\nWe aren't stupid. We're poor. |
| Goog |
| If JPow pulls this off, nobody really loses their job. What we have is falling or stagnant wages, and people whose retirement accounts doubled or tripled the last couple years have to go back to work.\n\nThere might be some unemployment, but probably not a lot. We still might even remain positive in terms of GDP growth.\n\nI’m bearish the stock market, but bullish America. Only a matter of time before the market catches up. |
| 100 shares of $DOW then sell calls and collect dividends, thats my plan if the $KO calls I plan to sell end up getting exercised |
| Likely a Republican, they’re dumb. |
| Short term is a coinflip |
| Prison rape, so funny hahaha |
| But this the short term OP. You gotta see long term. In 6 years time you will look back at this same picture and see how cheap they really are today. |
| That is objectively better. |
|  |
| Well, there is something called gain and loss percentage calculator |
| Inflation is the last to go. The LAST thing people are going to do is stop buying gas, food, or housing- meaning you have to see people foreclosing, moving in with family, getting laid off, even selling off positions before inflation takes one on the chin. |
| I can't believe I made 6k this week whilst being drunk and high on mdma - anyone can do this shit |
| # TQQQ 🇺🇸🇺🇸🇺🇸\n\nHulk green coming 📈 |
| RIP |
| At least my puts will print |
| Paynis |
| this is a very wholesome post. good on ya mate.\n\nalso, I'm now inspired to rawdog some thots this weekend |
| If that's a real question, they issue debt in VND which is pegged to USD. Other countries with free floating currency (Thailand, for example) have let their currency devalue against the USD, which allows them to service their debt at a lower cost. Thailand also has a certain control over the value of their currency.\n\nIn this environment, having your debt in USD is expensive on a relative basis versus other currencies. The USD is outperforming pretty much every currency, and most assets. |
|  |
| People here saying you can always refi to a lower rate but you pay half the interest in the first 10 years so refinancing after 5-10 years won’t actually save you much money. It’ll actually cost you money if you refi back to a 30 year since you’ll be starting all over |
| This is the way |
| I agree I am a total bear and have been correct so far on my predictions monday is such a critical day. |
| Would you rather have your rate go up on a 600k mortgage or a 390k mortgage? |
| no lol |
|  |
| You mean buying a much shittier house for the same price not the same house. This meme sucks |
| More like, why buy a fucking house? The jig is up. |
| They are in for a sticker shock when they go to buy their first home |
| One of us, one of us, one of us... |
| Coming? It’s here |
| You will pay more in interest than you will save in taxes, it's a false bargain. |
| Choke me with your big brain daddy |
| IF\nWhat if they don't or get even higher tho? |
| You definitely belong here. |
| Where can I learn more about this |
| Lower property taxes I’ll take it. |