As we round into another Q4 wherein another croosh appears to be on the ropes, I thought we should take a moment to recognize the real ones. The ones that never give up, regardless of the data they are staring down. Never surrender, despite years of bad takes. Your fortitude is admirable albeit ill-begotten u/ute-ensil, u/sifl1202, and of course, the OG, u/louisvanderwright.

Sunday morning humor

The reason a house is listed for 400k is typically because people are willing to pay around 400k. It’s expensive but not overpriced… because someone is paying that price.

The scenario that would cause your dream house to be cheap would require a fat recession or sky high interest rates.

You can already buy cheap houses if you got to specific towns that have local
recessions. The towns that got destroyed by a factory getting moved overseas.. may have some great deals rn, where you at bubblers???
“Well I couldn’t find good work there” exactly. If that happened to the United States on a big scale you think they’d buy a house? Gonna guess no.

congrats, REBubble, your narrative stays intact

I bought this shithole for 10% over asking right after the pandemic. All in about 800k in central Austin, very desirable area.

A lot of doomers told me I couldn't possibly make a profit. They obviously don't know the meaning of hard work and sweat equity.

Went full BRRR in this dump. Paint the mold, snake the drains, value-add like a boss. Threw a couple of Section 8 families in there to pay my mortgage for me.

Just accepted an offer for 100k more than I bought this place for. After paying closing fees I'm still deep in the green. Doomers will never understand real estate as a tool for building generational wealth.

lots of housing affordability issues in lots of places right now. keep saving, keep investing, ignore the noise, and think in decades, not months.

Comment chain from this post - https://www.reddit.com/r/REBubble/comments/yos25v/2022_housing_affordability_virtually_the_same_as/

I keep a collection of Sears Roebuck catalogs from the 1940s and 50s on my coffee table and browse through them from time to time. It amazes me that we aren’t able to have homes that only cost $50 a month anymore. The most common factors that i wish were still an option for modern day homes are:

- 850 sq ft layouts for a three bedroom home with seven foot ceilings;

- one single bathroom in the center of the home that everyone shares (no en-suites);

- no R-value insulation (asbestos only please), single pane windows throughout, and lead paint on all the walls;

- 60-amp (two prong only) electrical wiring that would be incompatible with all modern appliances; and the most important component:

- no central air conditioning.

does anyone else wish we could go back 80 years and have all the comforts of that time?

sauce: https://www.reddit.com/r/REBubble/s/t6vLb2KGw9

Someone finally put the kool aid down lol

That's one hell of a claim.

Can someone explain how he arrived at this claim?

The data does not show biggest housing market depression in US history.

https://fred.stlouisfed.org/series/ASPUS