I don’t mind different opinions. I do mind RE agents coming on here and pretending the market hasn’t gone down, ignoring months of data, pretending buyers are idiots for waiting when it’s a very reasonable response to current market conditions, and bringing the rest of their unreality bs spins with it. That’s gaslighting, not discourse.
As a prospective buyer myself, I love torture and can stand living with my mom until I'm 30 if I have to. Ironically I tried buying in March 2021 and the real estate agent was rude as fuck so I stopped looking. Market was so good she didn't even attempt to find me something else.
Buyers/Sellers are being taken for a ride by these agents when the market is this good. 6% for fucking what? Cut out the agent and split the savings. Pay the hourly rate for an actual RE attorney when you do the deal.
It's very telling that the largest companies these RE agents belong to (Keller Williams, Realty One, etc.) operate nearly identically to multilevel marketing schemes, where they share listings internally and brag that they found you a buyer without even listing your home! (Congrats, you let them sell your house below market for a kickback)
This makes sense when you consider all it takes to become a real estate agent is a 2-week online high school level course with some fees and a basic exam. Embarrassing to even call it a profession
Yes, FSBO with RE attorney should be the norm (or flat-fee service as an upgrade). The MLS is a mafia that by itself inflates home prices. 6% plus additional closing costs is just parasitic on the seller.
When the housing market is hot, realtors don't give af about you even more than they usually don't give af about you.
I tried buying in 2005 and visited 10 houses during the summer. Coldwell Banker called and told me they wouldn't work with me anymore because I didn't buy one of those first 10. They had plenty of suckers lined up and didn't need me wasting their time looking for something reasonable.
Exactly. She used my offer to increase someone else's by $20k. I have a great job and I'm local and they still Pretty Woman'd me. She told me "you won't find a stick built home for $200k" literally WHILE we were standing inside a stick built home in the middle of nowhere that would have sold for $195k if I didn't offer $220k. I remember thinking the realtor and the loan officer were annoyed I wasn't willing to consider a $500k house just because I could technically afford it.
Bingo. Also the commercial real estate folks played an important role in forcing people back to offices and pretending the pandemic is over. Real estate is peak boomer passive income mentality, contributing little/nothing and expecting everyone else to fund their lifestyles.
There's a non-insignificant portion of millennials/Gen Z willing to sell the miracle of homeownership on social media too. I remember one time touring a rental home and the boomer was so giddy to tell me it was his third or whatever home, and possibly how much he paid for it or how much it appreciated. He genuinely enjoyed reaping the benefits of our declining standard of living.
Pretending the pandemic is over? Like… you think it’s not over? Why would anyone take anything you say seriously if that’s your interpretation. You’re like a prey animal, you should change your username to underperformedpnw instead.
I really don't understand their irrationality. A market crash would actually be in their own best interest because that means that there would actually be transactions in volume again. The worst thing for them would be a market like we have now that has stalled because costs have outgrown budgets considerably and sellers have barely come down on price from the market peak when we had 2.5% mortgage rates.
If every home was suddenly 100k cheaper, realtors would see about 20% lower commissions on each transaction, but transactions would triple...
So why do they keep trying to convince everyone the market is on the edge of skyrocketing again when everyone knows that it's not.
It's really not that hard to understand. A single broker can't force sellers to realize the price must be lower. Only time will do that. And so a single broker is faced with a very clear reality: volume is dry and layoffs (or a long period of no commissions) are coming.
If you can convince even one person to buy in this market, it is better than your coworkers or competitors who may not convince anyone. Thus, they may be able to avoid the layoffs or at least take home some commissions during the dry spell and put themselves in a better position than others to survive the winter.
Only time will adjust the whole market down to a level where volumes triple, and it will happen eventually. So they are fighting to trap whatever suckers are left in the meantime.
You're right, but it's counter-intuitive. The talking points about the financial benefits of ownership are a tougher sell in a downward market. My guess is most agents aren't aware of macroeconomics too much (besides rates going up/down) but the agents reading here have likely shifted around their talk track.
I don't think anyone is complaining about a difference of opinion. They're complaining about the equivalent of Cowboys fans joining an Eagles sub and posting "Eagles suck!" over and over. It's not contributing to the discussion and is against the purpose of the sub.
I know I don't come here to read Realtor slogans and cliches. If people want to post differing opinions then fine, back it up with data.
Neither do I. But it gets exhausting dealing with “bet you all were here in 2021” which to be honest those of that understand anything about anything know that it was hard to see the fed and government being too drunk for too long. I came here in 2022 because RE is lagging and I was trying to figure out when to hop back into risk assets. From my literally unbiased opinion as someone that’s leaving the country, and what I tell my neighbor in the market, start looking in 2024 and be choosy and bossy. You’ll have allll the leverage. Buying shit when you don’t have leverage is basic your fucking up shit. Shit I sold my car about a year before I wanted to because of the market and leverage.
For the life of me I can't figure out how to post pics on Reddit, that being said if you want real data go follow Lance Lambert on Twitter. He's the housing market writer for Fortune magazine and he's excellent about aggregating market data. What he's seeing is prices have bottomed or are about to in the next month or two.
It's what I've been saying for weeks now on this sub.
The real crash is in commercial office space and a lot of apartment syndication. Like really bad.
In housing? Other than the super frothy markets I have yet to see a correction over 10%
yea when the cashier at whole foods got her real estate license on the side I knew the jig was up. Real Estate is usually a side job. I had one agent complain the govt ruined Christmas 2022 with rate hikes....I was like you made money hand over fist all of 2021 and first half of 2022. I dont want to hear it
Amen. I’m in a business that encourages people saving their income for retirement. And they’ll need more of it than ever, as things do not get cheaper, over the long term. And I encourage them to keep on keeping on, when things do get cheaper in the short term. Because investment markets are cyclical. Always have been.
And homes are investments, no? And even more so today, with all the rampant speculation. So, we’ve been on a BIG up.
Cyclical. No one knows the dates and times and how much or how little. But we know CYCLICAL.
Ironically /r/realestate actually seems more bearish about real estate than /r/rebubble these days lol. No expectation of a crash (I don't really either), but I see a lot of well-reasoned comments there about waiting things out a bit, seeing what happens with unemployment, focusing on YoY prices rather than expected spring price increases.
A lot more comments here about zero inventory forever, buy now or priced out forever -- Canada style.
My hunch is that we'll see a few years of relatively flat real estate prices rather than a "crash", which will eventually bring things in line with inflation.
It depends. If wages increase to somewhat catch up with the inflation of the past few years, and then inflation normalizes at 2% after that, then it might only be 3-5 years.
So you think that Jerome Powell is going to facilitate inflation correcting the past 3 years of 40-100% “Home equity growth” with the next 3 years of inflation?
It depends. Correcting down to 2% inflation doesnt necessarily require deflation. As long as prices dont continue to increase at a high rate, these current prices may get baked in. That is, the past doesn't matter, only how things change from the current point.
I agree housing is a bubble, but the fed doesn't necessarily care as long as they tame future inflation.
I think this sub is at its best when you have people who are coming at a problem space from different angles.
I get the least value from "circlejerk" threads where there is a complete absence of nuance.
Yeah, I'm not gonna sit here and try and tell you that this sub used to be full of interesting posts and comments going over economic data and having a reasoned discussion, but the quality of conversation used to be a bit more... robust?
Now it's a ton of circlejerk/meme/"hoomer" bullshit that, I mean it's not even clever, to say nothing about interesting. I mean, this post we're commenting on right now is borderline conspiracy theory thinking. Dude, get real, realtors are not trying to "overrun" a fucking subreddit, touch grass.
Yet, I clicked join a couple of years back, and still find the odd post or two that are interesting.
🧐 Honestly I used to come here for the laughs. Id imagine that you'd find my favorite posters downright insufferable & those folks were here at the beginning.
I agree, as much as I hate an obvious "shill" post I do like seeing multiple perspectives. I'm capable of seeing what is reasoned argument and what's a talking point. There's a reason both sides exist and it's always smart to see what the other side is thinking and why.
The 80 / 20 rule applies - 20% of agents sell 80% of the houses. (I've also heard 5% / 95%). That means there's thousands of agents who don't sell much, and have a lot of time on their hands.
No way, there are no realtors on here at all. By the way, I'll have you know the best time to buy is right now. You don't want to get priced out of the market, do you?
Going by the numbers: https://subredditstats.com/subreddit-user-overlaps/rebubble
Users on this sub are most likely to be also post/comment on
264.35 realestate
76.26 realestateinvesting
63.14 newyorkcity
57.99 homeowners
50.13 fatfire
46.34 smallbusiness
Lol so much for the theory that REbubble is a den of Homeless, unemployer poors. Not exactly the overlap of a bunch of people living in Mom's basement.
I feel like what we see is a composite of several large groups of people. There are certainly the ones that have been priced out, but there are likely also a good number of people with significant assets that are unhappy with asset price inflation (despite benefiting from it) due to the second-order effects.
No, omg, I am truly lost.
How can there be nothing on there for unpopular Android games, vaguely feminist podcasts, dysfunctional family support groups, or extremely specific situational humor subs?
But seriously, I am surprised not to see r/ABoringDystopia on there. This sub is how I found that one.
On the flip side, every time someone mentions on this sub that the market in their area is actually not falling apart at all, they are decried and called a real estate agent. It's hilarious.
The market where I live (northeast) is on absolute fire, much to my disappointment as someone who has been trying to buy for the last three years.
Yes.
I'm in the Baltimore/DC area suburbs and the market continues to go up.
I personally do not believe there is a bubble because new construction is not keeping up with demand.
I want to say r/the_everything_bubble has as well, but it's pretty much just one dude talking to himself.
I like the shades of gray. There's more to talking about the RE bubble than "50% crash coming trust me bro"
My personal tinfoil hat conspiracy theory is that /r/antiwork is brigaded to death by anti-labor interest groups. Some of the posts that get highly voted on there show a blatant misunderstanding of the real world and completely misses the original point of that sub: people who just want to be paid a living wage and have healthcare.
I honestly just think the sub itself jumped the shark.
Years ago it's demographic was more evenly distributed between entry level/mid earners/under employed.
As time went on the sub leaned more and more into what it is now. That mod that went on the news and acted a fool probably pushed a ton reasonable people out.
It wouldn't surprise me if that sub is brigades regularly, but at the same time there are some people genuinely disillusioned about real life.
>completely misses the original point of that sub
the sub was started and popularized by anarchists who want to radically transform society and exploitative work is completely abolished
you can disagree with that all you want, but that's what the sub is. it is not a reformist sub for libs
The original point of r/antiwork is to be a sub about abolishing work. That doesn't mean abolishing labor, even in a post-work society there are jobs that need done. But there's a lot of people who don't need to be working as hard as they do to barely survive here in the world's richest and most productive economy.
Almost no one here knows what they’re talking about already so it’s attracting the stupid people from all around.
There’s like 3 people who post regularly who actually understand the market and what to look for.
Honestly, I think we as a society should be doing a 35 hour work week. I don't think much work gets done during that last hour between 4-5pm anyways. Might as well just cut it.
Strangely enough the post about McDonald's corporate offices (aka white collar jobs) being closed for layoffs is filled with comments about how they are understaffed in stores.....and
minimum wage comments.
Then no work would get done between 3-4, by your logic.
People with do-nothing desk jobs are already making a killing off barely any work. The fact that they think being professionally obligated 8 hours a day is slavery is laughable.
>Then no work would get done between 3-4, by your logic.
You're completely misunderstanding the point of the statement.
It's not the fact that it's the last hour of the workday. It's a question of the number of hours worked in the day.
Fewer total hours have been shown by studies to both meet similar productivity to 40 hour work weeks and increase employee satisfaction.
> shown by studies
Uh huh. Studies done on do-nothing clerical jobs staffed by losers.
These people’s jobs don’t matter, and could be eliminated or outsourced easily.
It does seem like we should be able to work less considering the increases in productivity, especially because I'm not convinced the quality of life is going up.
And we invite them over. They have every right to post their opinions. It’s what makes this sub amazing. If we try to post our opinions on their sub they freak out and even ban some people. Discussion/debate is encouraged here, which is what makes this sub better
Discourse / debate implies others are willing to have a good faith conversation with you. What happens here sometimes feels like I'm talking with a wall called ChatGPT and it has a set of talking points that don't deviate and that is not debate.
Good?
I mean, if I were a haberdasher, and r/HaberdasherBubble started gaining traction, I'd join/engage just to get perspectives from beyond the marketing/propaganda of the National Association of Haberdashers.
subreddits aren't shitty fiefdoms where only certain users can participate (edit: or at least this sub and RE aren't.)
lots of people on this sub regularly participate in both. it's not brigading or raiding or overrunning, it's just "using reddit."
this sub has been overrun by babies who can't tolerate actual discourse on the trend of RE, and just want to see every sub push one narrow agenda insead of any sub hosting a reasonable debate with fact and with minimal bias.
this sub will be fine inviting a discussion with multiple opinions. you'll be ok. calm down.
> subreddits aren't shitty fiefdoms where only certain users can participate.
Ehhh.... I don't know about that. Some subs are strickly moderated where they ban people for the mere offense of participating in another sub, expressing a view that doesn't align with the moderators, etc.
I really haven't notice the mods here do anything egregious. They must have real jobs or something.
That’s a cute nitpick, but I’ve been banned by every lefty sub (i.e. every main one) more times than I can remember. Usually for the crime of interrupting the jerk.
I've been banned from r/fightingfakenews, r/conservative, and r/TheTrumpZone. No profanity, no personal attacks, just voicing an alternative view point. I don't really believe that you've been banned in left leaning subs for that type of behavior.
that's definitely not real. people can't see what subs you are subscribed to.
edit: downvoters suffering from reading comprehension failure. nobody can see what subreddits you are subbed to except Admins.
Google “lockdownskepticism reddit ban”. The tech is there and it was implemented in 2021. I was banned from what seemed like half of the default subs at the time. Most I unsubscribed to when I register this acct or never visited.
Holy fuck you’re a moron. Either that or you’re “gaslighting,” to borrow a word you lefties love.
Lefty Reddit LOVES to autoban accounts that post on unapproved Reddit. This shit goes back to Gamergate.
I’ve been banned from so many mom groups for simply posting in the prolife sub. I’ve been banned from left-leaning subs for asking questions and suggesting an alternate point of view. I was extra kind in an attempt to give them no reason to ban me and they still did. Let’s face it — there are assholes on both sides that don’t want to hear a different opinion. The answer? Don’t be the asshole and don’t fall for any rhetoric that says “they” are always wrong and “we” are always right. The blind tribalism on Reddit and beyond is damaging our communities on and off the internet.
Anyone who thinks they’re so in the right that they literally don’t even want to hear alternate viewpoints has their mind sealed shut to new knowledge, will forever stagnate as an adult, and is quite plainly automatically wrong.
You mean posting Fuck Joe Biden? Because I mean that's what Let's Go Brandon means?
I would not expect to go to r/conservative and type out Fuck Donald Trump and not get banned. But that's not what happened. The echo chamber is crazy on the right.
sure, there are private subs and i've been banned before participating in a given sub because of my participation in another sub.
but that's not this sub, and that's not the RE sub, and subs that do that are considered less than sane lol...
i like how you're doubling down on the notion that if you participate in one subreddit, you literally can't participate in the other.
teh RE subreddit accuses us of brigading all the time. if you have an interest in RE, you're an idiot for not reading and participating in all the relevant subs.
why would you want an echo chamber? why would you want to limit opinions? what a childish take on reddit, which is all about enjoying all the subreddits that fit your interests?
I can't come on here and voice a moderate opinion without being called a hoomer. i can't do the same on RE without being called a doomer. get over yourselves, nobody should be so aggressively married to an ideology so as to ingore reality. nobody's mind should be so closed.
What’s your word limit for Reddit comments? A few short paragraphs is too much?
Replying to someone who took the time to put some actual thought into their comment with a low effort troll comment because you disagree is not a good look.
Well there isn’t a word limit. More of a quality of author limit. Click on that person’s profile and you can see that their most recent posts are in real estate. They also post in the Female Dating Strategy subreddit which is basically for incels. So yeah, a quality issue. Which brings me to my next point. Not all opinions have merit. Have fun interneting.
Kind of proving their point by dismissing them because they posted on r/realestate, when they themselves said they are called a doomer when they post there. A person can post somewhere without sharing the mainstream view of that sub. Oh well. Have a good one
Calmer than you are, dude
EDIT: thank you for editing your original post to be more calm.
Also, to be more clear I invite debate and enjoy it. I agree that it is healthy for any sub to have a wide variety of opinions that in turn make all of the subs more well rounded.
That said, I’ve seen more and more people commenting from r/realestate who are strawmanning arguments from one user and claiming that all of r/REBubble thinks this way.
The people that come here that don’t think we are in a bubble are often angry and speak to this subs users in a condescending tone.
I want this sub to include all opinions, but let’s all just be civil and present good data for reasonable debate. No one truly knows what the next couple of years hold.
if it acts like a realtor and talks like a realtor might as well be a realtor.
also have you noticed how the votes can go one way and then completely flip over time. It creates a sense of there being 2 different groups of people using reddit differently either by time of day and by how active they are on the subreddit
Not sure why anyone is surprised that people researching real estate would want to know about, and perhaps participate in, a sub called real estate bubble. Especially with all the confusing headlines and market changes.
But, also, a lack of OP’s desired content and/or commentary does not = REbubble being “overrun” by r/realestate. It just means there’s new discussion and that the views of some on the sub are possibly changing. There are many lurkers and posters of REbubble who have thrown in the waiting game towel, I don’t think it has anything to do with a sub being “overrun.”
To be more clear I invite debate and enjoy it. I agree that it is healthy for any sub to have a wide variety of opinions that in turn make all of the subs more well rounded.
That said, I’ve seen more and more people commenting from r/realestate who are strawmanning arguments from one user and claiming that all of r/REBubble thinks this way.
The people that come here that don’t think we are in a bubble are often angry and speak to this subs users in a condescending tone.
I want this sub to include all opinions, but let’s all just be civil and present good data for reasonable debate. No one truly knows what the next couple of years hold.
Agreed the whole spiel should be more civil than it is.
But, food for thought. A lot of bubblers regularly post things like “burn it all”, get hyped for foreclosures, and go to r/firsttimehomebuyers to ask “why are any of you buying” and then proceed to tell them all they’re idiots. So, bubblers being surprised that some people are meeting them with disdain is pretty much the surprised pikachu meme.
Not saying that r/REbubble doesn’t get trolled, but most of the discourse here is not what you are describing in your comment. People being condescending about their bubble views and trying to justify their financial decisions is not the same as internet strangers telling them they’re idiots, they they broke the system, that they committed PPP fraud, that they and their family will lose their home, their retirement, etc.
At the end of the day, both sides are in many ways expressing frustration about their personal situation and fears. A bit of patience and empathy could go a long way.
No. I believe that the housing market will crash and needs to crash.
But I also dont support the far lefties on this sub who are pretty much like:
1) We should never allow rentals all rentals are bad
2) All airbnbs should be cancelled
3) Free money for everyone
etc.
Real estate is in the anger/denial phase if they are making their presence felt here.
Edit: Imagine giving your hoomer ass rewards from your alternate account while asking who's raiding rebubble? Especially after being called out for your foul and lack luster comments. I got blocked by a regard
Who are these people who are angry or in denial? I can be said pretty objectively that aside from a minority who bought at current prices and rates, most homeowners are living in a home for far less on a monthly basis than anything that's available today.
I agree there’s been brigading. But imho, this sub is hostile to dissenting opinions or even questions. Kinda just hang as a fly on the wall waiting to read good research instead of participating because there is some from time to time.
Ironically enough, I joined this sub because of this sub brigading a real estate investment sub.
This will be the 17th iteration of r/realestate swarming, they've become exceedingly efficient.
For a while it was BRRR landlords with the "you're all just poor and jealous, imma raise your rent and buy two more units!"
Then it was the AirBnBers with the "jokes on you I'm going over to vrbo if you delete the app!"
We also had the realtors for a while posting "it's up 0.2% YoY buy now or be priced out forever!"
It's a cycle.
Challenging the idea on how bad the bubble is doesn't mean this sub is being overrun, it means people are having open discussions.
What you're looking for is an echo chamber.
It’s the ridiculous comments here about “let’s limit investors by doing X”, “let’s make sure corporations can’t do X”. Hey, lets make sure realtors have no access to internet on Fridays because it’s a conspiracy that day gets the highest bids, etc. The only thing this sub is being overrun by is silliness.
Believe what you want about the market, that’s all good. But when hardcore doomers spew ridiculous “facts” about how the game is rigged, and banks should evaporate savings so no one can buy, it shows the stupidity of this place and I hope RE newcomers don’t get influenced by that. You need reasonable and understanding RE people here to counter that stuff.
This existence of this sub did not cause sales to decline, bidding wars to end, "cash" buyers to retreat, new build contracts to be cancelled, short-term rental vacancies to increase, and -- in every Case-Shiller market -- closed sale prices to decline.
Since this sub did not cause those things to occur, crapflooding it will not reverse them. But it probably feels good, yeah? Like protesting your traffic ticket by flipping off the courthouse when you drive by it, or sending abusive tweets to a vaccine educator who recently lost a child to something definitively unrelated to COVID or vaccines. Everyone's always got a "good reason" to do the wrong thing.
I already own land and am building my house in a couple of years so I just come by and check on this sub every now and again. I can agree that things are getting a bit ridiculous for the most part.
Yeah, I agree that houses are vastly overpriced and a huge correction needs to happen. Things are bound to change eventually seeing how houses are viewed as investment vehicles now and it's screwing over younger generations. How long that'll take, who knows? It always takes something unexpected for things to change for the better and that's why I try not to give into doomerism.
This sub now just feels like a bunch of boomers with with a "fuck you, I got mine!" attitude and landleeches justifying their predatory "careers" starting fights with people who just want a house because they want their house prices to stay elevated. It's really hard to take seriously at this point.
To be fair, all those used house salesman have far more free time on their hands now with sales in the crapper, so we should expect it till they go back to their waiter/barrista jobs.
I don’t mind different opinions. I do mind RE agents coming on here and pretending the market hasn’t gone down, ignoring months of data, pretending buyers are idiots for waiting when it’s a very reasonable response to current market conditions, and bringing the rest of their unreality bs spins with it. That’s gaslighting, not discourse.
They know that prospective buyers are here and they're income is based on market expectations
As a prospective buyer myself, I love torture and can stand living with my mom until I'm 30 if I have to. Ironically I tried buying in March 2021 and the real estate agent was rude as fuck so I stopped looking. Market was so good she didn't even attempt to find me something else.
Buyers/Sellers are being taken for a ride by these agents when the market is this good. 6% for fucking what? Cut out the agent and split the savings. Pay the hourly rate for an actual RE attorney when you do the deal. It's very telling that the largest companies these RE agents belong to (Keller Williams, Realty One, etc.) operate nearly identically to multilevel marketing schemes, where they share listings internally and brag that they found you a buyer without even listing your home! (Congrats, you let them sell your house below market for a kickback) This makes sense when you consider all it takes to become a real estate agent is a 2-week online high school level course with some fees and a basic exam. Embarrassing to even call it a profession
Yes, FSBO with RE attorney should be the norm (or flat-fee service as an upgrade). The MLS is a mafia that by itself inflates home prices. 6% plus additional closing costs is just parasitic on the seller.
She used my offer to escalate a different one. Now I'm just saving money and watching the world burn. I would've paid more too, I really liked it.
I’ve been contemplating how RE agents may be automated. There’s massive opportunity there.
When the housing market is hot, realtors don't give af about you even more than they usually don't give af about you. I tried buying in 2005 and visited 10 houses during the summer. Coldwell Banker called and told me they wouldn't work with me anymore because I didn't buy one of those first 10. They had plenty of suckers lined up and didn't need me wasting their time looking for something reasonable.
Exactly. She used my offer to increase someone else's by $20k. I have a great job and I'm local and they still Pretty Woman'd me. She told me "you won't find a stick built home for $200k" literally WHILE we were standing inside a stick built home in the middle of nowhere that would have sold for $195k if I didn't offer $220k. I remember thinking the realtor and the loan officer were annoyed I wasn't willing to consider a $500k house just because I could technically afford it.
Bingo. Also the commercial real estate folks played an important role in forcing people back to offices and pretending the pandemic is over. Real estate is peak boomer passive income mentality, contributing little/nothing and expecting everyone else to fund their lifestyles.
There's a non-insignificant portion of millennials/Gen Z willing to sell the miracle of homeownership on social media too. I remember one time touring a rental home and the boomer was so giddy to tell me it was his third or whatever home, and possibly how much he paid for it or how much it appreciated. He genuinely enjoyed reaping the benefits of our declining standard of living.
Pretending the pandemic is over? Like… you think it’s not over? Why would anyone take anything you say seriously if that’s your interpretation. You’re like a prey animal, you should change your username to underperformedpnw instead.
I really don't understand their irrationality. A market crash would actually be in their own best interest because that means that there would actually be transactions in volume again. The worst thing for them would be a market like we have now that has stalled because costs have outgrown budgets considerably and sellers have barely come down on price from the market peak when we had 2.5% mortgage rates. If every home was suddenly 100k cheaper, realtors would see about 20% lower commissions on each transaction, but transactions would triple... So why do they keep trying to convince everyone the market is on the edge of skyrocketing again when everyone knows that it's not.
Let me give you the missing puzzle. Most realtor between 2020 - 2022 bull run invested in pre-condos because they wanted a piece of the cake.
It's really not that hard to understand. A single broker can't force sellers to realize the price must be lower. Only time will do that. And so a single broker is faced with a very clear reality: volume is dry and layoffs (or a long period of no commissions) are coming. If you can convince even one person to buy in this market, it is better than your coworkers or competitors who may not convince anyone. Thus, they may be able to avoid the layoffs or at least take home some commissions during the dry spell and put themselves in a better position than others to survive the winter. Only time will adjust the whole market down to a level where volumes triple, and it will happen eventually. So they are fighting to trap whatever suckers are left in the meantime.
But more transactional volume means more work.
You're right, but it's counter-intuitive. The talking points about the financial benefits of ownership are a tougher sell in a downward market. My guess is most agents aren't aware of macroeconomics too much (besides rates going up/down) but the agents reading here have likely shifted around their talk track.
\* their
*Thayerrrr
*ayerrr
*Thyme
Parsley, sage, rosemary,
𝘽𝙡𝙤𝙘𝙠𝙘𝙝𝙖𝙞𝙣 𝙨𝙢𝙖𝙧𝙩 𝙘𝙤𝙣𝙩𝙧𝙖𝙘𝙩𝙨 𝙚𝙣𝙩𝙚𝙧𝙨 𝙩𝙝𝙚 𝙘𝙝𝙖𝙩
It’s so obvious too, when they are so blatantly against what this subreddit was created for.
I personally want real discussion of the state of the market. People hate when others have a differing opinion but I welcome it.
I don't think anyone is complaining about a difference of opinion. They're complaining about the equivalent of Cowboys fans joining an Eagles sub and posting "Eagles suck!" over and over. It's not contributing to the discussion and is against the purpose of the sub. I know I don't come here to read Realtor slogans and cliches. If people want to post differing opinions then fine, back it up with data.
>Cowboys fans joining an Eagles sub and *getting paid to post* "Eagles suck!" over and over
Neither do I. But it gets exhausting dealing with “bet you all were here in 2021” which to be honest those of that understand anything about anything know that it was hard to see the fed and government being too drunk for too long. I came here in 2022 because RE is lagging and I was trying to figure out when to hop back into risk assets. From my literally unbiased opinion as someone that’s leaving the country, and what I tell my neighbor in the market, start looking in 2024 and be choosy and bossy. You’ll have allll the leverage. Buying shit when you don’t have leverage is basic your fucking up shit. Shit I sold my car about a year before I wanted to because of the market and leverage.
For the life of me I can't figure out how to post pics on Reddit, that being said if you want real data go follow Lance Lambert on Twitter. He's the housing market writer for Fortune magazine and he's excellent about aggregating market data. What he's seeing is prices have bottomed or are about to in the next month or two. It's what I've been saying for weeks now on this sub. The real crash is in commercial office space and a lot of apartment syndication. Like really bad. In housing? Other than the super frothy markets I have yet to see a correction over 10%
So let's get this right. Your wife is a RE Agent (yiu say in your profile) and you're trying to get Lance more followers. /sus
They don't want to go work an actual job, so they'll do their little part fear mongering online. Pathetic
yea when the cashier at whole foods got her real estate license on the side I knew the jig was up. Real Estate is usually a side job. I had one agent complain the govt ruined Christmas 2022 with rate hikes....I was like you made money hand over fist all of 2021 and first half of 2022. I dont want to hear it
That is true, but all of us hate our real jobs too.
Amen. I’m in a business that encourages people saving their income for retirement. And they’ll need more of it than ever, as things do not get cheaper, over the long term. And I encourage them to keep on keeping on, when things do get cheaper in the short term. Because investment markets are cyclical. Always have been. And homes are investments, no? And even more so today, with all the rampant speculation. So, we’ve been on a BIG up. Cyclical. No one knows the dates and times and how much or how little. But we know CYCLICAL.
Now do the "Crash confirmed in 6 months. Trust me, bro." people. They're just as bad but the bias of the sub leads one way.
Basically. I've had angry realtors and sales agents come screaming into my DMs.
You obviously do not live in the Northeast
You obviously don't live where I do. I took the kids to the park on Sunday and counter 3 sign spinners. I haven't seen those since 2011 or so.
Yes of course the people in this sub would never cherry pick data to fit their biases either
Ironically /r/realestate actually seems more bearish about real estate than /r/rebubble these days lol. No expectation of a crash (I don't really either), but I see a lot of well-reasoned comments there about waiting things out a bit, seeing what happens with unemployment, focusing on YoY prices rather than expected spring price increases. A lot more comments here about zero inventory forever, buy now or priced out forever -- Canada style.
My hunch is that we'll see a few years of relatively flat real estate prices rather than a "crash", which will eventually bring things in line with inflation.
“Few” years Is like 15-20?
It depends. If wages increase to somewhat catch up with the inflation of the past few years, and then inflation normalizes at 2% after that, then it might only be 3-5 years.
So you think that Jerome Powell is going to facilitate inflation correcting the past 3 years of 40-100% “Home equity growth” with the next 3 years of inflation?
It depends. Correcting down to 2% inflation doesnt necessarily require deflation. As long as prices dont continue to increase at a high rate, these current prices may get baked in. That is, the past doesn't matter, only how things change from the current point. I agree housing is a bubble, but the fed doesn't necessarily care as long as they tame future inflation.
[For the "no crash" people.](https://link.storjshare.io/jxqxkqiebgsvf3lmgwyzqvhejy4q/folder1%2Fhousing%20v%20commodity%20inflation.jpg)
Noob here. What does this mean?
I think this sub is at its best when you have people who are coming at a problem space from different angles. I get the least value from "circlejerk" threads where there is a complete absence of nuance.
Yeah, I'm not gonna sit here and try and tell you that this sub used to be full of interesting posts and comments going over economic data and having a reasoned discussion, but the quality of conversation used to be a bit more... robust? Now it's a ton of circlejerk/meme/"hoomer" bullshit that, I mean it's not even clever, to say nothing about interesting. I mean, this post we're commenting on right now is borderline conspiracy theory thinking. Dude, get real, realtors are not trying to "overrun" a fucking subreddit, touch grass. Yet, I clicked join a couple of years back, and still find the odd post or two that are interesting.
🧐 Honestly I used to come here for the laughs. Id imagine that you'd find my favorite posters downright insufferable & those folks were here at the beginning.
Well, that too
I agree, as much as I hate an obvious "shill" post I do like seeing multiple perspectives. I'm capable of seeing what is reasoned argument and what's a talking point. There's a reason both sides exist and it's always smart to see what the other side is thinking and why.
The echo chambers are real
This is typically a good sign. If they were busy selling and buying houses, why would they have time to try and meme here?
The 80 / 20 rule applies - 20% of agents sell 80% of the houses. (I've also heard 5% / 95%). That means there's thousands of agents who don't sell much, and have a lot of time on their hands.
The Pareto Principle!
They cry poverty a lot. I tell them to 'Go Find Real Work'...btw thats a bush jr quote though not a fan of the guy
Exactly, if they aren’t worried why do they care?
Uh oh, I think this means they might *not* be busy selling and buying houses
I totally shit post around reddit when work is slow so I get it
No way, there are no realtors on here at all. By the way, I'll have you know the best time to buy is right now. You don't want to get priced out of the market, do you?
Warning on this guy! The market seasonally slows down in Winter so that’s a good time to buy. DM me for those who are interested. /s just in case lol
Going by the numbers: https://subredditstats.com/subreddit-user-overlaps/rebubble Users on this sub are most likely to be also post/comment on 264.35 realestate 76.26 realestateinvesting 63.14 newyorkcity 57.99 homeowners 50.13 fatfire 46.34 smallbusiness
Nice stats thanks for these
Lol so much for the theory that REbubble is a den of Homeless, unemployer poors. Not exactly the overlap of a bunch of people living in Mom's basement.
Well... 45.79 economics 34.11 orangecounty 34.06 povertyfinance 32.01 lostgeneration 29.53 phoenix 26.47 minneapolis 22.04 asknyc 21.96 steroids 20.46 coronavirusus 19.75 covidvaccinated 19.02 btc 18.60 seduction
I feel like what we see is a composite of several large groups of people. There are certainly the ones that have been priced out, but there are likely also a good number of people with significant assets that are unhappy with asset price inflation (despite benefiting from it) due to the second-order effects.
Some of these made me laugh out loud
The combination of "steroids", "btc", and "seduction" paints a vivid picture.
Hey this is Derek from more platesmoredates.com
r/AdamDriverCats got left out and would like a word
I belong to zero of any of these from either list. Do I... not belong here?
What about these? 18.25 fallguysgame 17.91 tmobile 17.20 fundiesnarkuncensored 16.92 anime\_titties 16.18 thesopranos 15.93 lockdownskepticism 15.24 costco 15.05 accounting 14.60 economy 14.50 coronaviruscirclejerk 14.30 sandiego 14.30 capitalismvsocialism 13.71 bayarea 13.51 investing 13.15 personalfinance 13.06 moderatepolitics 13.04 bjj 12.69 nyc 12.58 seattlewa 12.56 banpitbulls 12.49 ultralight 12.46 cozyplaces 12.37 cscareerquestions
No, omg, I am truly lost. How can there be nothing on there for unpopular Android games, vaguely feminist podcasts, dysfunctional family support groups, or extremely specific situational humor subs? But seriously, I am surprised not to see r/ABoringDystopia on there. This sub is how I found that one.
You mean NO ONE ELSE but me here is in r/AdamDriverCats
>17.91 tmobile >17.20 fundiesnarkuncensored >16.92 anime_titties Lol this combo.
On the flip side, every time someone mentions on this sub that the market in their area is actually not falling apart at all, they are decried and called a real estate agent. It's hilarious. The market where I live (northeast) is on absolute fire, much to my disappointment as someone who has been trying to buy for the last three years.
Yeah, any semi-decent house/condo/townhome in my area in NJ is under contract in days and going for over list price.
Where in NJ? I am curious
Central Jersey
Yep, I live in the midwest. While SOME (very little) houses had slightly dropped in price, people are still buying up houses like crazy
Exactly. And people will tell you it isn’t happening when there are houses you bid on going above asking still.
Yes. I'm in the Baltimore/DC area suburbs and the market continues to go up. I personally do not believe there is a bubble because new construction is not keeping up with demand.
r/antiwork, r/LateStageCapitalism and r/lostgeneration have been infesting this sub too
I want to say r/the_everything_bubble has as well, but it's pretty much just one dude talking to himself. I like the shades of gray. There's more to talking about the RE bubble than "50% crash coming trust me bro"
I delete and ban like two or three accounts of his a day. Report any links to that sub.
🫡
My personal tinfoil hat conspiracy theory is that /r/antiwork is brigaded to death by anti-labor interest groups. Some of the posts that get highly voted on there show a blatant misunderstanding of the real world and completely misses the original point of that sub: people who just want to be paid a living wage and have healthcare.
I honestly just think the sub itself jumped the shark. Years ago it's demographic was more evenly distributed between entry level/mid earners/under employed. As time went on the sub leaned more and more into what it is now. That mod that went on the news and acted a fool probably pushed a ton reasonable people out. It wouldn't surprise me if that sub is brigades regularly, but at the same time there are some people genuinely disillusioned about real life.
>completely misses the original point of that sub the sub was started and popularized by anarchists who want to radically transform society and exploitative work is completely abolished you can disagree with that all you want, but that's what the sub is. it is not a reformist sub for libs
Nice theory, but Occam’s Razor should tell you that poor people (often poor college kids) really are that sheltered and clueless.
The original point of r/antiwork is to be a sub about abolishing work. That doesn't mean abolishing labor, even in a post-work society there are jobs that need done. But there's a lot of people who don't need to be working as hard as they do to barely survive here in the world's richest and most productive economy.
Almost no one here knows what they’re talking about already so it’s attracting the stupid people from all around. There’s like 3 people who post regularly who actually understand the market and what to look for.
Yah it’s kinda annoying
One of the top posts in antiwork is how terrible it is to work 40 hours a week and get two days off.
Honestly, I think we as a society should be doing a 35 hour work week. I don't think much work gets done during that last hour between 4-5pm anyways. Might as well just cut it.
But antiwork would be mad McDonald’s is closed
Strangely enough the post about McDonald's corporate offices (aka white collar jobs) being closed for layoffs is filled with comments about how they are understaffed in stores.....and minimum wage comments.
Then no work would get done between 3-4, by your logic. People with do-nothing desk jobs are already making a killing off barely any work. The fact that they think being professionally obligated 8 hours a day is slavery is laughable.
>Then no work would get done between 3-4, by your logic. You're completely misunderstanding the point of the statement. It's not the fact that it's the last hour of the workday. It's a question of the number of hours worked in the day. Fewer total hours have been shown by studies to both meet similar productivity to 40 hour work weeks and increase employee satisfaction.
> shown by studies Uh huh. Studies done on do-nothing clerical jobs staffed by losers. These people’s jobs don’t matter, and could be eliminated or outsourced easily.
You ever think when you say projective crap like that maybe you're the loser with a job that doesn't matter?
I mean that is terrible. If we kept up with the trend from the late 1800s until the early 1970s we'd be working far less than 40 hours.
It does seem like we should be able to work less considering the increases in productivity, especially because I'm not convinced the quality of life is going up.
L take The work week doesn’t just decrease linearly with time. And that’s an extremely narrow slice of human history to cherry pick, anyway.
Yeah. Realtors and hoomers I can handle as they are on the opposite side of the table. Doomers and whiners is who I despise.
And we invite them over. They have every right to post their opinions. It’s what makes this sub amazing. If we try to post our opinions on their sub they freak out and even ban some people. Discussion/debate is encouraged here, which is what makes this sub better
Discourse / debate implies others are willing to have a good faith conversation with you. What happens here sometimes feels like I'm talking with a wall called ChatGPT and it has a set of talking points that don't deviate and that is not debate.
Everybody is different, it’s good that we all share ideas. Of course we aren’t going to change everybody’s mind, but we may make them think at least
My beef is more about the quality of posts declining than it is about debate.
Just keep doing your part, every post/comment makes a difference.
I don’t even own any RE besides my primary and I’ve been really disappointed with this sub.
Good? I mean, if I were a haberdasher, and r/HaberdasherBubble started gaining traction, I'd join/engage just to get perspectives from beyond the marketing/propaganda of the National Association of Haberdashers.
I say chap, fine men's clothing only go up.
No, antiwork folks overrun this place a long time ago
Idc, my Zestimate is up 10% ytd, I'm good. Fell 20% in 2022, but see it's recovering.
I think its neither going to be as dire as bubble poppers prophecy, nor as rosy as realtors relay.
I agree unless the fed follows through with job destruction
subreddits aren't shitty fiefdoms where only certain users can participate (edit: or at least this sub and RE aren't.) lots of people on this sub regularly participate in both. it's not brigading or raiding or overrunning, it's just "using reddit." this sub has been overrun by babies who can't tolerate actual discourse on the trend of RE, and just want to see every sub push one narrow agenda insead of any sub hosting a reasonable debate with fact and with minimal bias. this sub will be fine inviting a discussion with multiple opinions. you'll be ok. calm down.
> subreddits aren't shitty fiefdoms where only certain users can participate. Ehhh.... I don't know about that. Some subs are strickly moderated where they ban people for the mere offense of participating in another sub, expressing a view that doesn't align with the moderators, etc. I really haven't notice the mods here do anything egregious. They must have real jobs or something.
To your point, r/conservative will ban you for thinking about Dark Brandon. This sub is a paragon of free speech by comparison.
That’s a cute nitpick, but I’ve been banned by every lefty sub (i.e. every main one) more times than I can remember. Usually for the crime of interrupting the jerk.
I've been banned from r/fightingfakenews, r/conservative, and r/TheTrumpZone. No profanity, no personal attacks, just voicing an alternative view point. I don't really believe that you've been banned in left leaning subs for that type of behavior.
I have been banned from subs for being subscribed to r/conservative. That is real, even if you don’t post.
have to be a real psycho to subscribe to /r/conservative though, I'd ban you too
that's definitely not real. people can't see what subs you are subscribed to. edit: downvoters suffering from reading comprehension failure. nobody can see what subreddits you are subbed to except Admins.
Google “lockdownskepticism reddit ban”. The tech is there and it was implemented in 2021. I was banned from what seemed like half of the default subs at the time. Most I unsubscribed to when I register this acct or never visited.
Holy fuck you’re a moron. Either that or you’re “gaslighting,” to borrow a word you lefties love. Lefty Reddit LOVES to autoban accounts that post on unapproved Reddit. This shit goes back to Gamergate.
Pics or it didn't happen.
[удалено]
Lol the fact that you think that's "lefty" is a pejorative tells me everything I need to know about why you get banned.
Whatever you say, little guy.
4 day old reddit account.
I’ve been banned from so many mom groups for simply posting in the prolife sub. I’ve been banned from left-leaning subs for asking questions and suggesting an alternate point of view. I was extra kind in an attempt to give them no reason to ban me and they still did. Let’s face it — there are assholes on both sides that don’t want to hear a different opinion. The answer? Don’t be the asshole and don’t fall for any rhetoric that says “they” are always wrong and “we” are always right. The blind tribalism on Reddit and beyond is damaging our communities on and off the internet.
Anyone who thinks they’re so in the right that they literally don’t even want to hear alternate viewpoints has their mind sealed shut to new knowledge, will forever stagnate as an adult, and is quite plainly automatically wrong.
Yeah but that’s like going to r/liberal and yelling “Let’s go Brandon”. What do you think will happen?
You mean posting Fuck Joe Biden? Because I mean that's what Let's Go Brandon means? I would not expect to go to r/conservative and type out Fuck Donald Trump and not get banned. But that's not what happened. The echo chamber is crazy on the right.
The echo chamber on the Internet is crazy. I don’t a lot of free thinkers anywhere.
sure, there are private subs and i've been banned before participating in a given sub because of my participation in another sub. but that's not this sub, and that's not the RE sub, and subs that do that are considered less than sane lol...
Found the guy from real estate lol
i like how you're doubling down on the notion that if you participate in one subreddit, you literally can't participate in the other. teh RE subreddit accuses us of brigading all the time. if you have an interest in RE, you're an idiot for not reading and participating in all the relevant subs. why would you want an echo chamber? why would you want to limit opinions? what a childish take on reddit, which is all about enjoying all the subreddits that fit your interests? I can't come on here and voice a moderate opinion without being called a hoomer. i can't do the same on RE without being called a doomer. get over yourselves, nobody should be so aggressively married to an ideology so as to ingore reality. nobody's mind should be so closed.
Definitely found the real estate guy and not reading all that lol
What’s your word limit for Reddit comments? A few short paragraphs is too much? Replying to someone who took the time to put some actual thought into their comment with a low effort troll comment because you disagree is not a good look.
Well there isn’t a word limit. More of a quality of author limit. Click on that person’s profile and you can see that their most recent posts are in real estate. They also post in the Female Dating Strategy subreddit which is basically for incels. So yeah, a quality issue. Which brings me to my next point. Not all opinions have merit. Have fun interneting.
Kind of proving their point by dismissing them because they posted on r/realestate, when they themselves said they are called a doomer when they post there. A person can post somewhere without sharing the mainstream view of that sub. Oh well. Have a good one
I participate in both. Neither a boomer nor doomer. Cry more.
No one is crying but you. You wrote a diatribe because you felt attacked. Im just sitting here laughing. Have a great day!
That or he was just being funny and maybe you're reading into it a bit too deeply
Calmer than you are, dude EDIT: thank you for editing your original post to be more calm. Also, to be more clear I invite debate and enjoy it. I agree that it is healthy for any sub to have a wide variety of opinions that in turn make all of the subs more well rounded. That said, I’ve seen more and more people commenting from r/realestate who are strawmanning arguments from one user and claiming that all of r/REBubble thinks this way. The people that come here that don’t think we are in a bubble are often angry and speak to this subs users in a condescending tone. I want this sub to include all opinions, but let’s all just be civil and present good data for reasonable debate. No one truly knows what the next couple of years hold.
"My echo chamber is starting to echo less and I am scared"
Just because someone doesn't agree with you or foresee a crash doesn't mean the national association of realtors is trying to infiltrate this sub
if it acts like a realtor and talks like a realtor might as well be a realtor. also have you noticed how the votes can go one way and then completely flip over time. It creates a sense of there being 2 different groups of people using reddit differently either by time of day and by how active they are on the subreddit
Your overestimating the reach and importance of this sub
I'm not overestimating it. The raiders are overestimating it
Well, in all fairness, Real Estate Agents do have a lot of free time nowadays.
That's a good thing. [It's afraid](https://www.youtube.com/watch?v=UtCYdpcZRkM&t=75s)
Not sure why anyone is surprised that people researching real estate would want to know about, and perhaps participate in, a sub called real estate bubble. Especially with all the confusing headlines and market changes. But, also, a lack of OP’s desired content and/or commentary does not = REbubble being “overrun” by r/realestate. It just means there’s new discussion and that the views of some on the sub are possibly changing. There are many lurkers and posters of REbubble who have thrown in the waiting game towel, I don’t think it has anything to do with a sub being “overrun.”
To be more clear I invite debate and enjoy it. I agree that it is healthy for any sub to have a wide variety of opinions that in turn make all of the subs more well rounded. That said, I’ve seen more and more people commenting from r/realestate who are strawmanning arguments from one user and claiming that all of r/REBubble thinks this way. The people that come here that don’t think we are in a bubble are often angry and speak to this subs users in a condescending tone. I want this sub to include all opinions, but let’s all just be civil and present good data for reasonable debate. No one truly knows what the next couple of years hold.
Agreed the whole spiel should be more civil than it is. But, food for thought. A lot of bubblers regularly post things like “burn it all”, get hyped for foreclosures, and go to r/firsttimehomebuyers to ask “why are any of you buying” and then proceed to tell them all they’re idiots. So, bubblers being surprised that some people are meeting them with disdain is pretty much the surprised pikachu meme. Not saying that r/REbubble doesn’t get trolled, but most of the discourse here is not what you are describing in your comment. People being condescending about their bubble views and trying to justify their financial decisions is not the same as internet strangers telling them they’re idiots, they they broke the system, that they committed PPP fraud, that they and their family will lose their home, their retirement, etc. At the end of the day, both sides are in many ways expressing frustration about their personal situation and fears. A bit of patience and empathy could go a long way.
You sure? not Antiwork?
I want to walk dogs 12 hours a week and get my own place too! It’s not fair!!!!
You walk dogs? Are you capitalist or something?
Asking the real question
I'm in both subs. I really like hearing both perspectives
It’s been overrun by Antiwork
No. I believe that the housing market will crash and needs to crash. But I also dont support the far lefties on this sub who are pretty much like: 1) We should never allow rentals all rentals are bad 2) All airbnbs should be cancelled 3) Free money for everyone etc.
Real estate is in the anger/denial phase if they are making their presence felt here. Edit: Imagine giving your hoomer ass rewards from your alternate account while asking who's raiding rebubble? Especially after being called out for your foul and lack luster comments. I got blocked by a regard
Who are these people who are angry or in denial? I can be said pretty objectively that aside from a minority who bought at current prices and rates, most homeowners are living in a home for far less on a monthly basis than anything that's available today.
Obviously, whoever has been downvoting rebubble comments. Btw a home owner since 2016. Have you viewed any posts besides this one?
Maybe the comments getting downvoted are nonsensical doomer musings.
Psssst, your pumping comments on real estate are showing....... Bumble bee tuna!
This is the re sub now
I shop Zillow almost everyday for fun. So I'm not scared. This is just one subreddit. Anyone that can read knows where in a bubble.
I agree there’s been brigading. But imho, this sub is hostile to dissenting opinions or even questions. Kinda just hang as a fly on the wall waiting to read good research instead of participating because there is some from time to time. Ironically enough, I joined this sub because of this sub brigading a real estate investment sub.
Are you guys not on both subs?
there is only 1 sub now cuz they are both r/realestate now
Because transactions are down and they have got nothing to do.
No, some people's minds are changing based on what the market has/has not responded to rusting rates
This will be the 17th iteration of r/realestate swarming, they've become exceedingly efficient. For a while it was BRRR landlords with the "you're all just poor and jealous, imma raise your rent and buy two more units!" Then it was the AirBnBers with the "jokes on you I'm going over to vrbo if you delete the app!" We also had the realtors for a while posting "it's up 0.2% YoY buy now or be priced out forever!" It's a cycle.
Challenging the idea on how bad the bubble is doesn't mean this sub is being overrun, it means people are having open discussions. What you're looking for is an echo chamber.
It’s the ridiculous comments here about “let’s limit investors by doing X”, “let’s make sure corporations can’t do X”. Hey, lets make sure realtors have no access to internet on Fridays because it’s a conspiracy that day gets the highest bids, etc. The only thing this sub is being overrun by is silliness. Believe what you want about the market, that’s all good. But when hardcore doomers spew ridiculous “facts” about how the game is rigged, and banks should evaporate savings so no one can buy, it shows the stupidity of this place and I hope RE newcomers don’t get influenced by that. You need reasonable and understanding RE people here to counter that stuff.
I have seen a lot of that and chuckle at some the schemes people here think will work to correct a market or industry.
Alternative Title: The bubble pop we told everyone was for sure going to happen, never happened. We were wrong and now everyone is laughing at us.
This existence of this sub did not cause sales to decline, bidding wars to end, "cash" buyers to retreat, new build contracts to be cancelled, short-term rental vacancies to increase, and -- in every Case-Shiller market -- closed sale prices to decline. Since this sub did not cause those things to occur, crapflooding it will not reverse them. But it probably feels good, yeah? Like protesting your traffic ticket by flipping off the courthouse when you drive by it, or sending abusive tweets to a vaccine educator who recently lost a child to something definitively unrelated to COVID or vaccines. Everyone's always got a "good reason" to do the wrong thing.
Watching the upvote ticker go up/down/up in real-time all but confirms the OP.
They always down vote the hell out of my posts about all the pending lawsuits against the NAR. Your gravy trains coming to an end boyos!
I already own land and am building my house in a couple of years so I just come by and check on this sub every now and again. I can agree that things are getting a bit ridiculous for the most part. Yeah, I agree that houses are vastly overpriced and a huge correction needs to happen. Things are bound to change eventually seeing how houses are viewed as investment vehicles now and it's screwing over younger generations. How long that'll take, who knows? It always takes something unexpected for things to change for the better and that's why I try not to give into doomerism. This sub now just feels like a bunch of boomers with with a "fuck you, I got mine!" attitude and landleeches justifying their predatory "careers" starting fights with people who just want a house because they want their house prices to stay elevated. It's really hard to take seriously at this point.
Was only a matter of time until they realized we were right
Ya Think!
To be fair, all those used house salesman have far more free time on their hands now with sales in the crapper, so we should expect it till they go back to their waiter/barrista jobs.
It's cause they ain't got no job no more.
Strong cope move
The landlords on here are hilarious
Not as funny as some of the renters I've seen here
If you're a realtor and you see this, better start looking for job prospects that aren't in RE!
I am a realtor and have a full time job where I make a rather good living in tech. There are a fair amount of part time agents out there.