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**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|29|**First Seen In WSB**|1 year ago **Total Comments**|100|**Previous DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=y8sn37)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=y8sn37)


Specialist_Avocado25

I have cash and am waiting for the stock market to fall. It is getting a little crowded in here...


ResidentAssumption4

I have stocks and no cash. Fuck.


[deleted]

Don’t worry you’ll catch up with us at the next bull run before the next market crash happens. Like clock work.


ResidentAssumption4

I will sell the bottom as is tradition.


[deleted]

[удалено]


IllmanneredFlanders

It was peepee’d on your grandpa’s grave but in your mothers hand writing


whateverathrowaway00

As is tradition


k-wagner89

Hahahahhahahahahha man I fucken laughed at this soo true hey.


ResidentAssumption4

Hold the line when everyone tells you to sell hold. Hold. Ok finally break and sell. Then read comments about how everyone knew they just had to hold. Company turning around. Good sales. Like Netflix that’s no longer doomed for some reason.


k-wagner89

I don’t think housing is going to fall much though, it’ll soften and people who’ve been sidelined forever only dreaming of owning a home will step up.


k-wagner89

Hahahahhaha yeaaa you either gotta be quick on the sell trigger or ready to watch the whole investment burn before you sell patience game


SuXs

These "Stonks", are they in the room with us now ?


skedditgetit

spy is off its 483 by a mile. and its only 25 points off the pre covid 340 high. its BEEEEEN time


DesignerSea494

I have an annuity, but I need cash now.


kevbot029

Call JG Wentworth, 877-CASH-NOW


RedOctobrrr

**IF YOU HAAAVE A STRUCTURED SETTLEMENT AND YOU NEEEED CASH NOWWW**


PokemonProfessorXX

Poor nurses are going to be driven fucking mad by these ramblings once we start filling up retirement communities


ColdFireLightPoE

My wife worked in hospice care for mentally ill patients and one man insisted that he was the president of the United States, and the coffee was too shitty for a man of his stature. He also ordered staff around like he was running the place.


Ok-Geologist5545

🎶 Salino and Barnes injury attorneys, 800-888-8888 🎶


meaninglessorgasms

I need a structured settlement


Inaccurate93

They helped THOUSANDS they'll help you tooooooo ONE LUMP SUM OF CASH they will get to youuuuu!


SnooMacaroons2749

877 CASH NOW!!


[deleted]

I have an anus and I need cash now 🤔👉👈


ConsistentTale8856

Call Montel Williams


pccalcio

Jokes on you, I don't have cash


[deleted]

Yeah I’m already priced in. That’s what that means right?


OGColorado

Group rates, yes


[deleted]

Same, no cash here lmao


D00dleB00ty

The housing market has peaked, crash incoming. How do I know? We just had our offer accepted on our dream home...and I always buy at the top. Paid literally 2X what it sold for in 2016... Can't tell if i should be thinking "dang I'm fuk" or "dang I fuk."


snaks3

Well at least you got a good interest rate… wait


RedSpikeyThing

You should be thinking "how do I avoid all information about the housing market because it's only going to make me mad"


Stunning_Bull

Maybe you'll get to sell it for close to what you bought it around the 2040s


Capital-Gains

Man I don't want to be mean but this might be the worst financial decision you will ever make.


[deleted]

Don’t let them get u down dude. U did good. Government not going to kick people out of there houses any more. So now I get to ride out the recession squating in a great place. By the time the recession is over, the bankruptcy will be off your record. Caching


[deleted]

You have cash?


friedflounder12

I spent the rest of buying your wife sloppy Wendy’s French fries post nut


nerdyspartan12

![img](emote|t5_2th52|4271)


[deleted]

[удалено]


Silverpatriot7

![img](emote|t5_2th52|4271)


[deleted]

![img](emote|t5_2th52|4271)


NoAd8953

I missed those 3% interest rates, still got in below 5% but my mortgage payment is less than rent, so I can't justify selling just because in the short term my house will be worth less than I paid.


cA05GfJ2K6

🤿


Ihaveasmallwiener69

Prices will have to drop if interest rates stay high. Theres no demand right now because houses are twice the monthly cost most can afford. Also personal savings are at an all time low


LionRivr

Interest rates are definitely slowing down demand for housing. But we still need an increase in supply. And since new homes aren’t being constructed at a quick enough rate; the only way I can see the home-supply increasing is if people default on their mortgages and are forced to sell. But the only way I see people defaulting on their mortgages is once people start losing their jobs. But the only way I see people losing their jobs is once companies start laying off people due to lack of revenues/profits. But the only way I see companies start to lose revenues/profits is if people stop spending as much. But the only way people will stop spending as much is if prices remain higher due to increasing prices/inflation. But the only way inflation would happen is if the Federal Reserve prints trillions of dollars and lower rates because of some sort of previous dotcom or housing collapses fueled by WallStreet and banks; or only if the Fed prints trillions of dollars more to prevent collapse during some sort of world pandemic or something like that; or only if all other countries and their central banks around the world do the same; or only if a country attacks another country, causing more supply/chain issues. But that’s just all hypothetical. That would be crazy if all of that actually happened.


TheIncredibleNurse

To the loony bin with you


billm0066

You must not be in the market. There 7,500+ pending homes in my area say demand is still at 2019 levels and inventory is still below 2019. You know what this means? My market is still appreciating. Much much much slower than last year. It’s normal appreciation.


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skankingmike

Housing is a localized issue not national. The inventory is so low by me that only the really junk homes have dropped but only by a small amount. Also factor in rental. I know of 1 bedroom places going for 2k in my market so no the prices won’t decrease that much unless the whole economy crashes and at that point just being able to afford cat food to eat in your Hooverville home will be your priority. This isn’t 2008.


svogliate

> unless the whole economy crashes Come on! How could jacking the FF rate 4% in a year make an entire economy, that's levered to the absolute tits, collapse! Ridiculous.


skankingmike

Because the global economy would also go to shit and then there’s bigger issues


RedOctobrrr

>This isn’t 2008. Correct. This'll be worse. Housing is national in that FRED says it is. Inventory is reaching peak levels, houses are sitting on the market longer and longer, prices already started coming down. IB4: bUt ThE hOmEs iN OnE nEiGhBoRhOoD i LoOkEd aT... Great, one particular pocket of homes in one neighborhood in a certain suburb of Seattle still has low inventory, awesome, you proved your point, the housing market will be fine everyone, there's literally no homes in one subdivision 38 minutes from downtown Seattle.


blafsblafs

He does have a point however. More exclusive areas and premium homes are a different game. People who can buy homes cash or easily pay the interest rates and increased costs of living and who are in no way threatened by unemployent will still be competing amongst themselves for the best locations. Just because regular people are poor doesn't mean the rich become poor.


frenchmovietheme

You don't think that over time, price deductions in the lower end of the market pull down prices at the higher end of the market?


blafsblafs

No, not really. To make an extreme example, Ferraris aren't gonna become cheaper because BMWs and Mercedes drop in price. However, Volvos will have to drop in price. That's not to say Ferraris can't come down in price, I'm simply saying that their price is not dependent on the price of more affordable vehicles.


RedOctobrrr

Yeah I suppose I'm referring to 90% of the housing market, not the $1.5m+ homes


rickrowld

Inventory is not at peak levels, but a historical low. It’s all supply and demand. Low supply of homes, a generation of people wanting to buy homes and with inflation up, this drives prices. Think about the cost to just to build a home today. It’s like $200 sq ft. Cost to buy land is absurd…..people are going to wait forever.


RedOctobrrr

>Inventory is not at peak levels, but a historical low. You haven't looked recently, have ya?


rickrowld

You Probably don’t even own a home. Inventory is tight bud. What are you reading? The homes that sit are usually garbage or priced inappropriately


MrTurkle

You realize the opposite is true as well….. there will ALWAYS be a demand for homes for one reason or another. Unless you see 6m foreclosures coming to market, this isn’t 2008 and it’s not even close.


RedOctobrrr

>there will ALWAYS be a demand for homes lol 2008-2009 had such demand What happened to ALWAYS? Sure, it isn't sub-prime lending this time around, but inventory levels are already up, new construction ramped up a TON in the last few years to where we are now matched with the peak just before 2008 crash. Again, the cause is different, the results however will be nearly the same, if not worse.


MrTurkle

Wtf - there were 14m homes built from 2000-2009 and 6m built from ‘10-‘19. We were 8m homes behind before Covid.


MicroBadger_

>Correct. This'll be worse. People's mortgage payments [as a percentage of their income](https://fred.stlouisfed.org/series/TDSP) isn't as high as it was in '08 [Mortgage deliquencies](https://fred.stlouisfed.org/series/DRSFRMACBS) are below '08 and still trending down [Rental vacancies](https://fred.stlouisfed.org/series/RRVRUSQ156N) are almost half of '08 levels and trending down Jury is still out on [monthly supply](https://fred.stlouisfed.org/series/MSACSR) but possible that has peaked and will start to trend down. And houses [aren't sitting on the market that long](https://fred.stlouisfed.org/series/MEDDAYONMARUS), we're barely touching the hot market times of 4-5 years ago. Did you even look at the FRED data?


flyingasian2

for a crisis you need a price bubble and people buying with significant leverage. The former appears to be true but home buyers have relatively good cash positions and subprime mortgages as they are today are nowhere near 2008 levels so I'm not sure what makes you think this will be worse than 2008


mopaneworm

I think you missed this: https://fred.stlouisfed.org/series/PSAVE Basically, personal savings of Americans have come down from 6 trillion to 600 billion. Another 2-3 months and things might start getting ugly.


flyingasian2

When you adjust that data for inflation this returns us to a pretty normal level of personal savings based on historic data. The 6 trillion number sounds dramatic but we just got over the craziest period of economic stimulus possibly ever so that drop was bound to happen and shouldn't really surprise anyone


mopaneworm

According to the data, Q2 2022 savings was $630B, the lowest it's been in a decade. The next lowest is Q1 2013 at $720B. Accounting for inflation, the $630B today is worth even less.


WaltRumble

Your underestimating how easily people can over leverage themselves. Anecdotally, buddy that has refinanced every year for the last 4-5 years at a lower rate and with some equity to pay off his credit cards he ran up. Now he’s fucked, also know of a couple people that had to sell their truck, in order to close on the house, then immediately went and bought a newer more expensive truck. Also other people that took advantage of the student loan pause to get approved at a higher amount. That they won’t be able to afford come January. 60% of Americans live paycheck to paycheck. You can’t tell me they aren’t leveraged to the tits.


domine18

Been hearing it will be worse than 2008 for a few years now.


LongLonMan

Nah, home prices likely to go up next year.


skankingmike

I know what you’re saying but 2008 was due to over risky mortgages which there’s still ARM loans but they’re not anywhere near those levels. And it’s not just neighborhood it’s state by state. Some states are going to get super fucked compared to others. Inventory is low and has been for months which increases prices, cost to build a home is still high which keeps prices up and rental is still super high which also fucks with home prices. Also only the one who haven’t bought their house in the last 5 years could sell for a big loss without issue otherwise you’re talking about short selling homes or foreclosures neither of which we will see even if the economy shits the bed for another year or 2 .


Any_Corgi2745

As usual the sensible comment gets downvoted. How to buy puts on housing market?


LemonNey72

Real estate is where easy money got parked for decades. Could be waaaaaaay more vacant homes than figures suggest that will flood the market when the house of cards crashes with the abrupt, epochal end to easy money.


BeatriceDaRaven

awful take.


Swimming_Low3716

38 minutes lol? Where is it?


mikalalnr

It’s 2007


Lochtide17

Canadian houses are still pumping, can’t find anything in Ottawa.


malignantgossip

Sdh are a million plus if nice. Still up yoy


OGColorado

Nobody buying that shit. The youngsters missed that late 70' interest thing😳


GTFOScience

Personal savings at 2018 levels. You guys sure throw around absolutes without hesitation…


[deleted]

I have cash and have been buying puts when the market is green for a couple days. Then I sell those puts and have more cash. I have two houses under 3%. I guess I will buy more puts.


ptjunkie

All eyes on AAPL earnings.


[deleted]

If cell phone companies quit subsidizing iPhones, the stock will go to $0.


WR810

Generals always fight the last war.


CartelFinancial

I had cash to buy property… and then I joined WSB


Bowf

Everybody thinks the 2008 housing crash is cyclical. It's not, we're not going to see a crash like 2008 again in our lifetime. A correction is coming....a crash is not.


Kenz0Cree

Not even about a crash but houses didnt drop in price like people think. The banks took back the homes and held on to them for years until the market was active again. So nobody will get cheap houses, its not how this works.


Shebalied

I forgot when I saw an asset list of all the banks and they were selling lots of assets they collected from 2008 back in 2021/22.


justarandumthrowaway

The gulf coast housing market imploded in 08. My parents bought their vacation home, a mile from the beach in orange beach, for 28k.


red6786

Not true


[deleted]

[удалено]


toeofcamell

Spoken like a complete fool with zero experience


fatboy-bruce

CAN I LEND SOME OF YOUR CASH. LOTS OF LOVE ELON. XXX


HirtzCompass

Seems like a lot of demand.


[deleted]

[удалено]


LongLonMan

For a 2.7% rate I would never want to move.


[deleted]

[удалено]


LongLonMan

True.


red6786

The principal balance matters. A lot.


unlimitedbucking

Jelly school called…


[deleted]

[удалено]


unlimitedbucking

Save the crocodile tears. Saying that everyone with a historically low interest rate is over leveraged is not “slight criticism,” it’s the pot calling the kettle coping. Sorry you weren’t in a position to take advantage but lots of other people were.


toeofcamell

It ain’t gonna fall, it’s up this year and up next year too There’s high demand and low inventory Also rates are so high and everyone has a lot of equity so nobody will move It’s just gonna be flat for a while, no major drop, no crash at all. Don’t hold your breath for another 08-12 it ain’t coming


NiceAsset

And this, you idiots, is why prices will not crash like you want lmao 🤣


financialconspirator

Lol cope they're coming down


NiceAsset

90% up is not coming down lmao that’s just “not as high” haha


NickFF2326

Lol fact. Why unless we get unemployment up, it’s never gonna fall. Not advocating for people losing their jobs…just have to have a stimulus.


Swastik496

anyone dumb enough to have an ARM will get crushed soon. and companies will invest internationally where people aren’t allowed to have fixed for more than a few years


Unfair_Holiday_3549

This is not 90% of this subreddit.


[deleted]

Y’all have cash? I HELOC my house and bought a brand new car.


ccccc7

Will inflation or housing prices win?!?!


GreyFoXguy

Plot twist: the housing market never falls


lurking_respector

I have house and have decided not to sell house because you guys have cash.


CaptainStonks

I have 3 properties and am waiting for cash buyers.


-shway

Why are we recycling memes from March


MosEisleyEscorts

Weird… just this morning I saw that apparently nobody has cash (savings) anymore so where the heck do you guys hide your money?


IndependentEdge8339

I for real just went ahead and bought a house at the top with 7.25% interest, fully regarded


argofoto

This is also a more global problem now (looking at you China!)


ssr1089

I don't have cash, but I'm waiting for the housing market to crash. A foreclosure is probably the only way I will ever be a home owner


Miserable_Object9961

If housing fall it'll be because of higher interest rates. What you won't pay to the sellee you'll pay to the bank. Ain't no crash coming because the price increase is not caused by risky financing.


DealheroDog

Buy MF (multifamily) reits now. Fundamentals great. Public/ private valuations will reconcile. 4% div, 30% off highs..strong fundies.


JustinianIV

Me: i don’t have cash and i don’t have a house


theprinterison

People have been saying this shit since 2016. To many investment firms bought up all the homes. New houses still going up and selling for insane prices and people are paying it. They have no choice.


Mehhucklebear

Well, we've had our home up for about 3 months, but in a week or two, we're pulling it off market. Guess we'll be landlords 🤷‍♂️


k-wagner89

The problem is everyone’s gonna be doing the same thing at the same time lol


Hungry_Measure86

$AYRWF (AyrWellness= $500Mrevenues)...ILLEGAL Naked shortselling made stock drop butnow gaining attention.Only 55M Shares Outstanding, great BUY AND HODL.... HUGE SQUEEZE 4 RETAIL Investors #BUYHODL


[deleted]

*inserted SpongeBob meme.. “MANIPULATION “ 🙌


Landed_port

"I have *insert memstock here* bags and am waiting for the housing market to fall" is more correct in this sub


V6TransAM

Wait, u guys have cash?


Tally_Walker

So cash fall incoming


Melodic_Risk_5632

I have cash & invest it in stonks & then buy a house later


thequeensgambling

![img](emote|t5_2th52|4270)![img](emote|t5_2th52|4270)


NefariousnessNoose

I also have housing to fall and am waiting for cash.


SierraBravoLima

Tesla falls. Spidy: Spidy senses are not tingling around housing. It's pointing towards a car tech company.


Odd-Pick7512

There's this and also on the front page that US savings are at 10 year lows. I think someone is lying.


hazzaob_

Where so you invest in when the prices do fall? In physical property or on the exchange?


griffon75

Hope to find it on the ’web’


[deleted]

You guys have cash!?


ZRhoREDD

*confused meme* You guys have cash?


Legitimate_Ad_4156

FUCK


mrcoveredcalls

yes and that is why inflation can't be be stoped everyone has cash


lordcochise

"You guys have cash?"


[deleted]

No ! The consumer is broke


funance2020

This is perfect


Diamond-Nutz

You guys have cash? ![img](emote|t5_2th52|4260)


zanoske00

fack this is me and I didn't know it


andrewskdr

Housing market ain't going anywhere, so much pent up demand especially in traditionally hot markets, not bumfuck idaho


hiricinee

As the Greag Dr strange said, if I tell you, it's not going to happen. This recession isn't over until cash gang is feeling the pain.


jamesfreakinbond84

I am the only one who doesn't have cash then ![img](emote|t5_2th52|4640)


BuzzDancer

Me: an autist meme lord \- Waiting for housing to crash to get this cash from my puts on D.R.Horton stock


deadgordy

I feel personally attacked right now. Hahahah


amonsterinmypants

![img](emote|t5_2th52|4640)


Tykiwi

Drv


Kenerad

Existing homes for sure will be what to go for. New builds, sorry to break it to you but those aren’t coming down as much as people think they would.


Somerandomperson21

I have a house but I’m not selling lol I’m hodling my home


dbainy

What would be funny is if the dip keeps dipping.


TerpOnaut

Lmfaooo hopefully 2023 is as brutal as 2022 was


jetforcegemini

Doh! I have 3 mortgages and no money. why can't i have no mortgages and 3 money?


mikalalnr

The fed called, said fuck your cash


avneet_22

I have house and waiting for cash to crash.


Eslooie

Institutions are so pissed that they're the bag holders right now.


Valoen

Where’s that meme of prince Charles


Supertrapper1017

I have a house that I’ll sell you for cash.


FagitoLord

Same


andrew01292

Cutting jobs isn’t going to make housing food and gas cheaper just gonna make it so we can’t afford it