We sold our house 6 weeks ago or so ago (significant cash out) and moved across the country, and we decided to rent for a bit and gamble that the market would collapse more. But we hate renting and we are already capitulating and putting an offer on a house we found and love. Even with our cash the mortgage will be about the same as before, due to the interest rates. So now we will be gambling that the interest rates will not continue up for long, and that they will decrease below their current level within a couple years. It feels wrong from an investment perspective, but it feels right from a life decision perspective, and it feels right from a security perspective (owning a place we can secure, and where we can grow a garden, etc.), and in the event of a currency crisis it would be bad to be super long cash. Side note: we don't have kids or pets, so it's just my wife and me; and we both have family nearby.
What would you do? And why?
that's another thing that makes me think that it's a good idea to buy now, the fact that BlackRock was buying up houses at the top of the market last year; those guys are not idiots.
I'm not modeling my plans after Blackrock. I'm stating that, if Blackrock is buying tens of thousands of houses at the "top" of the market, then I am a fool to assume they are just idiots making an obvious strategic mistake, and that we can cleverly wait for a huge discount that they were too stupid to wait for.
What I'm afraid of is that we are already at the "blood in the streets" part of this short downturn and the Fed is going to pivot and, by attempting to time the market, we are going to turn our personal home purchase into a failed, years-long waiting game, all the while blowing our money on rent instead of interest.
Everybody is expecting the real estate market to do what it did in 2008 to 2011. Maybe it will. But look at house prices in the 70s and 80s when the interest rates skyrocketed. The housing market went sideways for over a decade. We are not gonna wait for a decade.
What were their alternatives? They were divesting from stock market and moving to real estate.
Also, it's not a fair game. They have access to billions of dollars of free capital investment money. They pay practically zero percent interest to borrow money and invest it. Jews hijack state pension funds and rob all pensioners utilizing their investment as capital.
Jews buy up everything with FAKE money. People think they are rich and own all this shit because they are so smart. Nope. They just print fake money and launder it all to their jew friends who use it to buy up everything of any value, including talent, musicians, and other people's work.
My point is just that they put so many billions of dollars into real estate right at what we perceived as being the top of the market, which tells me that they don't see that as the top of the market, or else they are just dumb, but I don't think it's the latter. If you look back at the 70s when the interest rates skyrocketed, the housing prices didn't crash. They just kind of went sideways and bounced around for a decade or so.
80% of all fiat USD in existence was printed in the last 2.5 years. I posted this on TheDonald before the jew loving faggots there banned me. https://communities.win/c/TheDonald/p/15HuxiUBKy/joe-biden-inflation--80-of-all-m/c
Jews who printed it laundered it to other jews to buy everything up. Jews are running out of shit to buy. They bought up all the corporations already.
Next is your land and home, at any price. Price doesn't matter because they print the money.
You will own nothing when they've printed enough fiat fake money to buy everything.
Your land and home has real value. Their fiat printed paper is worthless unless they can fool you into placing value in it.