Stock market ⬇️ why house market still ⬆️ like crazy

Google
nhnfd

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nhnfd
Jan 14 74 Comments

Are the idiots rushing to buy houses before rates hike? (or rate hike never happen this year?)

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 TOP 74 Comments
  • Amazon
    sacredSoul

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    sacredSoul
    House is basic necessity, stocks aren’t

    First thing person thinks after they will have money is to buy house not stocks.

    People buy stocks in the expectation that it will give them good returns so that they can buy -> house

    There are three main things which a man wants:
    A big house, awesome car and good sex life.
    Jan 14 8
  • Supply and demand. Stocks aren't going anywhere. Houses are filling up and limited because of shitty zoning laws and terrible American planning.
    Jan 14 9
    • That's just stupid and should be heavily penalized. I hate how landlords and real estate agencies are just swooping in and pushing prices to untenable levels. Even in Texas, house prices are surging because of this practice. A business should not be able to own residential SFHs.
      Jan 14
    • Amazon
      bzaf

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      bzaf
      I don’t buy it either that it’s only because housing is scarce. Couple of years back it wouldn’t be sold within couple of days. Suddenly everyone wants to buy a house because it’ll go up, and no one wants to sell because it’ll go up, which actually causes it to go up.
      Jan 14
  • Google
    motivated+

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    motivated+
    House market is lagging. Should cool down soon. Won't go down a lot though
    Jan 14 13
    • Uber
      bdpwtb

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      bdpwtb
      Banks practically can get rid of all mortgages, but they do keep them on books because it's an interest yielding high quality asset.
      Jan 15
    • Google
      fake guru

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      fake guru
      There are gov-made agencies that buy mortgages no matter what. It's guaranteed as long as the loan is a conventional conforming loan. The credit requirement for these loans isn't very high (in the 600s or high 500s if I remember correctly).

      Jumbo loans are the ones that'll be affected.
      Jan 15
  • Meta
    dUMi18

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    dUMi18
    Housing prices will drop once morgages go back up to 5-6% interest.
    Jan 14 12
    • Amazon
      bzaf

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      bzaf
      Generally it goes in a cycle. Things are expensive, everyone asks for raise, everyone has money, things get more expensive. Not saying that you can’t get out of inflation, but by just going back to how it was, I doubt you can come out of it.
      Jan 14
    • Uber
      bdpwtb

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      bdpwtb
      Fed is in tough spot. If they do not raise rates then inflation will continue to go up and Dems loose election. If Fed raise rates, inflation starts to subside down but it leads to recession, and dems loose the election. Overall dems are at tough spot.
      Jan 14
  • Because it’s so fucking nice to live in your own place.
    Jan 14 0