When sellers outnumber buyers, the buyers who are in the market have bargaining power. In other words, it’s a buyer’s market.
  • SlippiHUD@piefed.socialEnglish
    1·
    5 hours ago

    I’ll probably be underwater on my house when it all collapses, seeing as I bought 3 years ago. But hopefully it’ll help some other actual human beings.

    • Corkyskog@sh.itjust.works
      2·
      4 hours ago

      Won’t happen anytime soon, real estate market isn’t crashing before the general economy collapses. Once the stock market gets hit money will naturally flow into the real estate market. There is no other safe place to store money, bond markets fucked, crypto over valued, precious metals over valued, foreign markets are in just as much if not more trouble too.

      Hang on to that mortgage as hard as you can, because when Warsh causes hyperinflation that will be your payday.

      • suxen_tsihcrana@anarchist.nexusEnglish
        1·
        1 hour ago

        I agree about real estate and things being generally in different stages of FUBAR globally.

        What is the argument for precious metals being overvalued? (Beyond just “number too high”)

        EDIT: I promise I’m not one of those psycho goldbugs - just curious and largely ignorant.

        Ok, I maybe am considering buying old jewelry from yard sales and refining it 😂. What I’m thinking is, though, the fact that precious metals still can be found at estate sales and even Goodwill suggests to me that we’re nowhere close to the frenzy of a real bubble. People understand the pure is worth $$$, but other forms of it still get dumped off like it’s worth less than nothing.

        Or do I have things backwards? Should market prices be closer to their goodwill/yard sale counterparts?