A $1.3 Trillion U.S. Housing Market Crash Is Imminent, and Inevitable

Not just mortgage holders. I have invested in Real Estate for my retirement. I have spent the last 30 years paying off properties that I rent so they would be paid off by retirement.

I have a mortgage only on my own home that I live in at this point and have been renting out 8 units.

We have lived off of that money for the past two years for the most part. Now we have the governments telling people they dont have to pay rent if they cant afford it.

For us, this money is considered passive income and there is no financial bail out other than an actual loan that we do have to pay back.

Thats pretty fucked up!

So now all of these unemployed people will be buying take out with their 600+ weekly unemployment checks and I will be scrimping and saving every penny to pay taxes and insurance to protect my investments and hopefully not digging to deep into my savings. I am already out 2000. per month and I cant tell you how many of them called me to ask about not paying.

I keep my rents slightly under market for good tenants and dont raise the rent often if they are good, so my answer was that it affects me too as I get no govt support and when its over it is all going to be due and payable. That anyone who doesnt stay current will see an increase.

I will see who keeps paying once unemployment and these 1200. cks start showing up.

You also sound like an un-marriageable incel loser. No one would ever hang out with you let alone reproduce. Loser in life with a bunch of stuff, entitlement(no one owes you fucking $12 an hour) and no family. You are a failure- don't get to high and mighty.

I don’t care if I make money or lose money on my home. I am very grateful to have a roof over my head and I think that’s better in these times then anything else

Taxes at 15,000.00 per year. Ouch!!!

And I am guessing you live in a liberal shit hole to keep up your virtue signaling appearances..

My property tax is zero.

Idiot.

The market will gravitate to where the level of wages are which isn’t very high so a housing market price crash is expected.

You can't have million dollar houses and only offer minimum wage jobs so 1 CEO can own the rest and be a landlord.
You can't expect people to die in wars to protect this system.
The people at the top have too much.
Instead of a 400 million dollar bonus, how about 25 million and put the rest back into the company, pay your workers a living wage and fix the economy.
I hate greedy people

Orange Man destroyed the economy ... just like the Simpsons predicted.

I'd like to know what fool lends money for or buys houses in the pending economic collapse. Seriously.

Northerners just don’t understand that most of the country doesn’t pay as much in taxes as they do.

Wait til your neighbors lose their houses and fall into disrepair. Vacant homes will be taken over by thugs, goons, and scum (squatters) and seemingly overnight, your neighborhood will become a crime infested hellhole.

Good luck.

You all must be newbs. Banks will work it out? lol

My 2 story house is paid off. My 2 cars are paid off. I can survive making 12 bucks an hour. im 36 yrs old. I'm able to do this because of no wife or kids lol

What companies to short?

The U.S. housing market is going to be one of the biggest victims of the novel coronavirus pandemic as people lose jobs and the economy comes to a grinding halt. Housing bulls have already started pulling out of the market and it won’t be long before prices start going south.

The latest readings from the S&P CoreLogic Case-Shiller index could be the market’s last hurrah. The economic fallout of the COVID-19 outbreak is about to wreck the market’s momentum and might cause the biggest price crash since the Great Recession.

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If the housing market crashes, what's to stop the banking industry from following?

Don't banks fund mortgages for the most part?

You also sound like an un-marriageable incel loser. No one would ever hang out with you let alone reproduce. Loser in life with a bunch of stuff, entitlement(no one owes you fucking $12 an hour) and no family. You are a failure- don't get to high and mighty.

Imminent = Never

The problem is two fold. First, who wants to buy a house in these economic conditions? And second, think how many people will be losing their houses when they lose their job. So in 6 months you’ll have a huge glut of houses for sale with no one to buy them.

My 2 story house is paid off. My 2 cars are paid off. I can survive making 12 bucks an hour. im 36 yrs old. I'm able to do this because of no wife or kids lol

Chinese?

Try a different tribe.

HAHAHA... more proof of why to choose UBERFAG!

Many homes and properties are over priced or inflated by the county or city assessor for good reason, property taxes. The fox in the chicken pen. Make property taxes unlawful so when somebody retires, they can't have their home removed or property taken away by the government. The way things are now, you have NO HOUSING security, none.

Just think if you become unemployed or ill for an extended period and you are evicted from your home because you didn't pay your property tax. SICK! SICK and EVIL! Your legislators could change that future over night the question is why they will not. You have to force the issue.

Liberal shithole city property will crash dive. Rural property through the roof.

good, they were overpriced already and needed correction, and many honest Realtors knew this.

when you see run down crack house go for over a quarter of a million dollars, something wrong Joe

End of the World?

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Prices on anything can only go up so far until they crash.