Bitcoin might be the only “asset” tanking in value faster than real estate right now
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11-08-2022, 11:40 AM #1
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11-08-2022, 11:41 AM #2
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11-08-2022, 11:54 AM #10
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11-08-2022, 12:27 PM #13
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11-08-2022, 12:43 PM #14
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11-08-2022, 12:49 PM #15
Meh.
If you're a homebuilder and you're sitting on a bunch of unsold projects, you're probably fukked.
Same as if you bought a house in Austin, Las Vegas, etc where there were irrational bidding wars taking place...good night, sweet prince.
Existing homes, especially more modest homes in steady-paced growing areas will probably just stagnate for a couple years.
"If you like your house, you can keep your house".
- not Barack Obama
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11-08-2022, 12:52 PM #16
- Join Date: Apr 2015
- Location: Atlanta, Georgia, United States
- Age: 31
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When I bought and sold my first house, zestimates were within bang on within 0.2%. When I bought my current house, zestimate was within 3% (it was an underestimate, it appraised for 10K over zestimate). Across the nation, zestimate has about 4-5% average error. In established and steady markets, like where I live, it's much less.
Keep coping lol if you would just take 2 minutes to read how zestimates are created you would know that there is very little chance that zesimates are far off, and if they are, Zillow tells you as much.**Georgia Crew**
**Mechanical Engineering Crew**
**2018 Aesthetics Crew**
01/02/2018 - 202.2 lb.
Current - 181.4 lb. (1/23/18)
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11-08-2022, 12:54 PM #17
Name one thing that has made thousands of teenage/20 something year old millionaires besides crypto?
There's a massive fire sale today.
Perfect time to start dollar cost averaging yourself to generational wealth.
Not financial advice btwSelf-Proclaimed comedian on the quest for knowledge, currency, and aesthetics.
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11-08-2022, 12:55 PM #18
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11-08-2022, 12:57 PM #19
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11-08-2022, 01:01 PM #20
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11-08-2022, 01:03 PM #21
You are the one whose coping. Your house is not zellow things it’s worth. It’s worth what someone is willing to pay. They demand in the space of a couple months has collapsed. This woll dontnn in he told collapse for the next few years, and with true continue dropping l, people will Ben forced to sell just like 2008 to 2018. It’sjust the cycle man.
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11-08-2022, 01:08 PM #22
- Join Date: Apr 2015
- Location: Atlanta, Georgia, United States
- Age: 31
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first of all are you having a stroke.
I know how supply and demand works. What I'm telling you is that your doom and gloom outlook is inaccurate, and that while demand is going down, it hasn't tanked so badly that I am magically upside down in my house. The drop in my zestimate is the reflection of the lower demand. If demand continues to drop, so will my zestimate. But it's not like real estate is suddenly worthless.
A great example, open door offers site-unseen cash offers on houses. They are usually rip offs. Mine is something like $330K. I bought the house for 275K and my zestimate is 368K.
In other words, there are companies willing to buy my house for 20% over what I paid knowing they could immediately flip it for a profit.**Georgia Crew**
**Mechanical Engineering Crew**
**2018 Aesthetics Crew**
01/02/2018 - 202.2 lb.
Current - 181.4 lb. (1/23/18)
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11-08-2022, 01:15 PM #23
What companies are buying your house? You mean those private investment vehicles. That were only set up to launder money from Hong Kong out of china in 2021, thst have now been stopped by FINCEN? Plucking tard.
Sub prime loans were back. The quality of new builds are dogchit and designed to be knocked down. Anyone could get a loan. That’s sub prime brother.
If you paid anymore more than 300k outside of NY or Cali? you overpaid.
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11-08-2022, 01:17 PM #24Self-Proclaimed comedian on the quest for knowledge, currency, and aesthetics.
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11-08-2022, 01:18 PM #25
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11-08-2022, 01:20 PM #27
- Join Date: Apr 2015
- Location: Atlanta, Georgia, United States
- Age: 31
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- Rep Power: 174316
I can't say who's providing the funding from these large realty apps that have started buying homes, but my point is that you would never get an instant cash offer that isn't below market value. Meaning the cash offer on my house provides a good estimate of what a BAD deal would be for me.
Anyway, the two big ones I know of are zillow and opendoor that are offering to buy homes cash from their own market estimates. Haven't seen zillow asking to buy my house lately so maybe they stopped.**Georgia Crew**
**Mechanical Engineering Crew**
**2018 Aesthetics Crew**
01/02/2018 - 202.2 lb.
Current - 181.4 lb. (1/23/18)
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11-08-2022, 01:21 PM #28
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11-08-2022, 01:22 PM #29
- Join Date: Apr 2015
- Location: Atlanta, Georgia, United States
- Age: 31
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Yeah it's not supposed to be a get-rich quick scheme. You simply asked of any other investment vehicle that has made thousands of young people rich. Well, considering that like 200M people in America alone are invested in the stock market, I'm willing to bet that there are tens of thousands who became rich extremely quickly from trading stocks or investing in the right thing.
If you're not considering the time frame, the stock market gets most of the people that use it pretty wealthy. a big difference to crypto.**Georgia Crew**
**Mechanical Engineering Crew**
**2018 Aesthetics Crew**
01/02/2018 - 202.2 lb.
Current - 181.4 lb. (1/23/18)
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11-08-2022, 01:23 PM #30Self-Proclaimed comedian on the quest for knowledge, currency, and aesthetics.
St Jude donation thread. PM me with donation link for reps...
http://fundraising.stjude.org/site/TR/Hours/Hours?px=2218992&pg=personal&fr_id=18020
~Calisthenics Only Crew~
OllllllO JeepBrah Crew OlllllllO
Instagram @blayde_a I follow back :D
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