Field Marshall Bradley
Veteran
Really? This is what you devolved to....? I expect this type of rhetoric from a pie ass white boy... You one?
House is swarmed after being listed in Raleigh for under $300k
- Thread starter Responsible Allen Iverson
- Start date
Really? This is what you devolved to....? I expect this type of rhetoric from a pie ass white boy... You one?
I don't judge your father. Whatever he needs to do support his habit is his business. I just hope he gets the help he needs.Really? This is what you devolved to....? I expect this type of rhetoric from a pie ass white boy... You one?
Field Marshall Bradley
Veteran
This is confirmation......
I'm noticing you have a shirtless black man in your avi make a weird face. If anything is being confirmed, it's not on my side.
I'll resist the urge to call you retarded and spell this out for you.
When the demand for a commodity is high relative to supply, that creates high prices relative to the actual worth of that commodity.
That price differential provides actors with an incentive to enter the market and make profit. But as supply increases, prices drop, until they are a fair reflection of the value of said commodity.
Depending on the friction within the market, it may take seconds (stocks, forex), or years (real estate) for supply to increase. But profit seekers will continue to enter the market until equilibrium is reached.
Historically, real estate has appreciated at 3% to 4% per annum. In the past year, real estate went up 18%. That is tied to abnormal demand, which can and most likely will get alleviated as more supply enters the market. There is no single developer who will indefinitely restrict supply to keep prices up; the market is fragmented and will expand as much as land and material will allow.
So, dumb negro (couldn't resist in the end), buy now if you want to. But there is no evidence that house prices will continue to appreciate at the rate we have seen over the past year. Mocking caution in this kind of market is something a smart dumb negro would do.
I think he is saying overall, the value of housing rarely decreases. While some people here are waiting for a downturn(not sure why though, they'll still have to pay more), immigrants will put their money together and live together to buy the house at whatever price and make it work. If the demand for a house is high now, it will take years for the demand to lower, especially when more apartments are being built at a much more faster rate in a lot of places. If these areas improve from the new residents, then the houses in the area will most likely rise in value.
Pretty much, get in where you fit in.
The value of a house rarely decreases, yes. However the rate of appreciation can, and has, fluctuated over the years.
If historically, you have seen an asset appreciate at 4%, over the past 30 years, and then in the past year it appreciates by 18%, do you
A. Hop on in the hopes that historical data is irrelevant, and this asset will continue to appreciate at significantly higher than what we have seen in the past?
B. Anticipate that in a return to the norm, future performance will underperform other assets for a while, as market dynamics correct the aberration seen in the previous year?
If the answer is B, then if you buy this year, then you're relatively fukked if you're relying on asset appreciation over the next 30 years.
Now, if financial return doesn't matter to you, and you just want to buy, and you can afford a property easily, sure, go for it. But if you're looking to buy a house because you think house prices will continue to appreciate at current rates, and they will not level to historical appreciation rates, then...
Hater Eraser
Veteran
I think it was @DJ Paul's Arm but I could be wrong .. it was def someone who's always in that AMC thread
Edit : My bad it was @Master Teacher
: I think it was @DJ Paul's Arm but I could be wrong .. it was def someone who's always in that AMC thread
I remember now…it was @Master Teacher lmaooo
Hater Eraser
Veteran
TheKongoEmpire
A Wilsonian Garveyite
I'm a vulture and don't want to buy until there's blood in the streets.
yall nikkaz is ignorant stop quoting, this happening proved my point
only morons buy houses for the listing price, the listing price is the maximum the house can sell off
you can put offers in below that
actually learn about real estate, and a difference between buyer's agent and seller agent
also nobody who is real estate savy buys LISTED HOUSES
nobody who is real estate savy will list their house with an agent, they will keep it off the market and do a private sell
First yall said it's seller's market because house prices are going up, post a thread about house prices going down as evidence of this
and yall still don't believe you're morons
The Federal reserve y'all
Anybody trying to buy vehicles or homes in this market is a rape victim
