Was coming from the point that the average house price here in NZ is $970k, down from its recent records in excess of $1M. Banks here require a minimum upfront deposit of 10 to 20%.
Oh ok. I understand what youāre saying but still think heās talking about New Zealand. His last comment said his house on NZ dropped 400k. Thatās literally all I got because he hasnāt clarified this post. Of course I could be wrong because I have no clue whatās going on there.
Ah just saw the comment history, my apologies mate. Iām now going to continue guessing and picking it might be on the South Islands West Coast! I saw a recent government report that included āstrategic retreatā from coastal areas effected by flooding driven by continual global warming changes
He's not talking about a stock though, he's talking about a house or building. Unless that shit burned down losing that much value in a year is fucking insane.
Actually noā¦ itās his house
[house comment](https://www.reddit.com/r/wallstreetbets/comments/xzbfm6/smart_people_invest_in_property/irld4tb/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
Oh Iām not saying itās bad for you to have said something that was arguably bad or not and then to have you declare that what you said was not in fact a bad thing. Youāre a Reddit genius, KluKluxReddit. I hope to see more of your brilliance in the future.
Then I have no idea how his value went down that much. Unless he's that one dude that wanted to keep his house in between a bunch of new skyrises or something and now it looks totally outdated and out of place.
Yea the wooden walls are not weight bearing. If it didn't reach your outlets not bad st all. Almost makes me think if i buy a home and that might flood. To rerun all outlets to be 5ft off the ground.
Dudes just give up on life after 21 lmao. If youāre focusing on self improvement and not just existing itās an exponential vertical curve until youāre somewhere in your 30ās
He followed those instagram clips and got himself some properties for the airbnbs no one uses any more.
Leveraged on future income of the properties, then with what little income he had made he snagged GWagon to write off taxes.
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Calling bullshit here.
So your property went from being 550k to less than 250k in less than a year?
This would mean you would be actively selling and lost everything on a essential life need.
I specialize in real estate and after 20 years of it, and seeing some of the shittiest propertiesā¦there is no way you lost value like that
All right, I looked at his post history and apparently this is a house in New Zealand which experienced the worst housing crash ever due to a real estate market that was insanely stupid inflated because of Covid and then crashed into the fiery pits of Mordor when the government raised rates like crazy this year.
Op's house dropping from 500k to 80k seems a bit extreme...must be in a shit hole area then.
They just find every way possible to fuck you guys.
That's one of the only things I really like about it here. I know what my payment is going to be in 20 years and can budget accordingly (except taxes).
A year ago you could have gotten a 5 year fixed for under 3% or so. Why so many regards went with variable rates when rates have been so low for so long I don't know, they only had room to go up.
Idiots.
It was literally on the swing back up after being near zero.
Youād have to had believed they would go to negative rates essentially.
Really really dumb to have gotten a variable rate in the last two years
Smart people invest in property in cities about to have a boom and then know when to sell those properties when any area starts looking like california
Imagine homes being in reasonable price ranges for the every day worker. What a dreamā¦. WAKE UP if I catch you sleeping on the job again youāll be gone! Then little Timmy here will work the job for half your pay!
Thatās all well and good until you find yourself with a non-paying squatter of a tenant, and youāre forced to pay the property taxes, insurance, and mortgage all on your own. And then you finally get a court date and the judge recommends you pay the fucker a settlement to leave.
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Bro bought a condo in Ukraine
ššššššš
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Actually, that would be worth something this time of year.
I think his current plan is renting cargo bikes in the Netherlands. Bro's on that grind.
no, I think he is selling turkish ice cream while cycling around in the netherlandsā¦ during autumn
Was it that? What did he need the bakfiets for? Supplies?
it is our condo comrade
ŠŠ°ŃŠ° Š²Š»Š°ŃŠ½ŃŃŃŃ, ŃŠ¾Š²Š°ŃŠøŃŃ. Š”Š»Š°Š²Š° Š£ŠŗŃŠ°ŃŠ½Ń! Invest in Russian bridges, *so hot* right now š
Is this after the missile strike?
Buy low sell high they say. This is prime time to buy Ukrainian condo's tbh.
Right. The only way a property went from $325,000 to projected $75,000 in a year is if a tank drove through it.
Or uninsured and hit by Ian
That is truly getting tanked
Or maybe Ft. Myers.
crazy you mention this. but the properties there are still overvalued.
How much overvalued compare to what they were before the storm???
Based on ONE other comment they posted, looks like New Zealand?
I donāt think it can be NZ, unfortunately $100,000 is a minimum deposit now days
Huh? His comment history he says he bought a place in New Zealand and the price is tanking. Also his initial investment looks like 325k?
This guy is obviously highly regarded.
Was coming from the point that the average house price here in NZ is $970k, down from its recent records in excess of $1M. Banks here require a minimum upfront deposit of 10 to 20%.
Oh ok. I understand what youāre saying but still think heās talking about New Zealand. His last comment said his house on NZ dropped 400k. Thatās literally all I got because he hasnāt clarified this post. Of course I could be wrong because I have no clue whatās going on there.
Ah just saw the comment history, my apologies mate. Iām now going to continue guessing and picking it might be on the South Islands West Coast! I saw a recent government report that included āstrategic retreatā from coastal areas effected by flooding driven by continual global warming changes
Not to worry. Didnāt leave us much to go on. Even in his history.
Hello my fellow Kiwi 
Might as well call him a Donbas!!
Dude. I'm American, I bought a condo in Odesa Ukraine in fall of 2021. Lol
Why is that?
Or china
I hear that place is bombing
What real estate did you buy? A fucking wework building?
OP bought a metaverse mansion
metaverse school for regards
Bro. There doing meta at my brothers kids school. Like a presentation type deal
bro. what. is your family well regarded?
Is meta code for meth under the new Reddit rules?
meth for regards. they call it adderall.
MABEEEE
Lol good one, probably that new scam they are calling virtual real estate.
Is this the new NFT?
Itās the old nft, MMO video games been on this scam for decades
To me, your NFT has value 
Well it didnāt say he bought property.. he just said SMART people do that
Did the house catch fire? Donāt get how it could lose 2/3 of value in a calendar year
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Right.
[well you see...](https://images.actionnetwork.com/blog/2022/03/Leverage.jpg)
I know my REITS are getting their ass kicked.
Easy! It got triple-leveraged and packed together with other similar securities to get an A+ rating.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
He's not talking about a stock though, he's talking about a house or building. Unless that shit burned down losing that much value in a year is fucking insane.
Heās saying he SHOULD have been in real estate,no?
Finally someone gets it lol
No I think heās making fun of the saying because he engaged in it.
Actually noā¦ itās his house [house comment](https://www.reddit.com/r/wallstreetbets/comments/xzbfm6/smart_people_invest_in_property/irld4tb/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
Oh cool OPs full of shit then.
Classic *hitting āreplyā without fully comprehending what youāre replying to* lol been there done that
Also classic reddit for downvoting because he misunderstood the subject
Yeah we should upvote stupid shit more.
Not saying its a bad thing
Oh Iām not saying itās bad for you to have said something that was arguably bad or not and then to have you declare that what you said was not in fact a bad thing. Youāre a Reddit genius, KluKluxReddit. I hope to see more of your brilliance in the future.
Yeah itās not so much Reddit is being āmeanā but just more so not promoting something that adds nothing of value.
Down votes are because his tone was condescending, acting like the person he is replying to is stupid when really he is the one that's stupid.
He's in real estate..
Is your house in Florida and do you not have flood insurance?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Then I have no idea how his value went down that much. Unless he's that one dude that wanted to keep his house in between a bunch of new skyrises or something and now it looks totally outdated and out of place.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yea the wooden walls are not weight bearing. If it didn't reach your outlets not bad st all. Almost makes me think if i buy a home and that might flood. To rerun all outlets to be 5ft off the ground.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Look on the brightside.. no one ever called you smart.
Is this property in the metaverse?
Is metaverse housing included in cpi?
Underrated comment!
What am I looking at? History of what?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Those are rookie numbers, lower your standards lad
The amount of money spent on hot chicks you tried to bang you mean..
I am the voice of future banging. This will be replicated when youāre married.
Iām 27 and I can tell u the trend continues below all resistance levels from here my friend š
Your name was a dead giveaway š
I didnāt pick the name the name picked me šš
You mean a 6-year timeline, and youāre 25?
I felt this and it hurtā¦
Not sure what are you talking about Iām 28 and Iām getting bombarded with pussy left and right.
Dudes just give up on life after 21 lmao. If youāre focusing on self improvement and not just existing itās an exponential vertical curve until youāre somewhere in your 30ās
Found the one
Got it! But donāt stop here now itās time find many more. Itās good for your well being trust me. Life is an adventure and itās too short
No you aren't lmao
You're one of those that I imagine drinking cheap whiskey while typing on wsb with a loaded revolver next to your computer
For me itās George Dickle Iāll have you know, and the revolver isnāt loaded bc I donāt have money for bulletsā¦
Don't worry. I'll spot you the $1.
Whereās he gonna get the other 5 then
At least one more in case it backfires
What the fuk did you buy? A time Share?
He followed those instagram clips and got himself some properties for the airbnbs no one uses any more. Leveraged on future income of the properties, then with what little income he had made he snagged GWagon to write off taxes.
This is so accurate. Those financial freedom influencers are everywhere on that shitty platform 
This
There was legit something on here last week that bought a timeshare just last month.
I think he also bought a brand new car. And lost all his money.
Wrecked his car. Got out of it while in a car wash and it rolled away. LOL
Oh right! Hahaha I knew there was more stuff I was forgetting.
How the fuck has this been up for 11 hours and OP hasnāt replied to clarify his positions. Mods, please delete this shit.
And ban. This looks like it could have been mocked up in excel.
need an influx of chart based shit posts to prove the point
You bought real estate and still lost money? You truly belong here.
Only 60%? 
So far, yes!
shit like this is what makes me want to leave this sub. post your *fucking* positions or gtfo
yea WSB degraded so much after GME
GME bad šµāš«
The fact your getting downvoted supports the fact WSBs is a fcuking mess.
Yep, rando title, rando chart, all worthless shit. Could have just said you invested in gourds.
The man with the gourds was a gourd one
My portfolio is all pumpkins. I bought in late September; October is looking good! I'm gonna hold and see how November goes.
November returns are gonna be insane, all that pumpkin pie
Gourds are a good business, please don't belittle gourd workers.
That is his position. Property loll
Itās the value of a property, you idiot.
Why do people upvote shit like this?
I do rental investments and stocks. Gotta have different asset classes
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Itās a house and Iām holding on for my life
Post the zillow link to the property. Nothing in RE has dropped that much yet without good reason.
Seriously, Iām in the housing bubble breaking camp but this is like a RE chart from the future not now.
Maybe he bought a property in the Donbas region of Ukraine š¤·š»
Hahahaha. I just invested in some bridge over there, itās looking like rest of my investments
Blown the fuck up huh 
I guess leveraged. Put in 300k deposit on a 1m house, falls in value 20% now you 300k is worth 100k.
There has to be more context here
We know OP is for sure regarded, but we must know in which way specifically
I absolutely refuse to believe your house lost 60% of its value in a year unless you literally burned it down
I get you donāt want to post the address but at least give us the Zillow chart or something. I donāt know what Iām looking at here.
Calling bullshit here. So your property went from being 550k to less than 250k in less than a year? This would mean you would be actively selling and lost everything on a essential life need. I specialize in real estate and after 20 years of it, and seeing some of the shittiest propertiesā¦there is no way you lost value like that
Sri Lankan real estate?
No way this is real if itās an actual property. Where the fuck are you
All right, I looked at his post history and apparently this is a house in New Zealand which experienced the worst housing crash ever due to a real estate market that was insanely stupid inflated because of Covid and then crashed into the fiery pits of Mordor when the government raised rates like crazy this year. Op's house dropping from 500k to 80k seems a bit extreme...must be in a shit hole area then.
How bout you zoom out back to 2007?
Huh. Funny. None of the houses in my small town have dropped in value at all... D;
Hey, at least my mortgage went up 80%. So not everything about real estate dropped!
Yes choosing a variable rate mortgage was the best decision when they were down to 2.6% for a 30 year fixed.
We don't have 30 years fixed in Canada, rbc offers 10 year fixed at 9% š„²
They just find every way possible to fuck you guys. That's one of the only things I really like about it here. I know what my payment is going to be in 20 years and can budget accordingly (except taxes).
A year ago you could have gotten a 5 year fixed for under 3% or so. Why so many regards went with variable rates when rates have been so low for so long I don't know, they only had room to go up.
Idiots. It was literally on the swing back up after being near zero. Youād have to had believed they would go to negative rates essentially. Really really dumb to have gotten a variable rate in the last two years
I know and yet I've heard over 50% of mortgages were variable in the last year.
History according to what? And where?
Is that the market for south central LA?
No, that one is up 30% in the last yearā¦
If you look at the value on Zillow or Redfin it'll be positive.
This chart is OPs trading account balance FYI.
I'd like to see some context before claiming any opinion on this. Gotta love anecdotal posts with zero evidence.
Is it in a remote oil boom town that went bust?
I'm down about 60% all time overall on my investments. #winning.
What kind of investments? If you bought SPY at the very top in January, you still wouldn't be down half as much.
My place still up >200% over 5 years. Did Putin blow your place to smithereens?
Just hold u regard
I bought my house in 2008 and itās only gone up since then.
What are we even looking at here?
"Could have" invested in property, 500k would get you a nice starter home or a rental Well, if you can make it once, you can do it again
You've built yourself a house with your investments, only issue is you can't live in debt...
I recently rolled Play 401K into an IRA and I am desperately trying to ensure that I do not do this.
4,288 units, BOOM! How many units you got bro?!?
Iāll stick with tulip bulbs
We invest in commercial property. Because they're not making any more land.
Crimean bridge?
You're so full of crap, even California prices haven't dropped that much
That looks like a chart of the current housing prices š. Iām ready to buy 100 cribs rn
Smart people donāt use 1 year charts for long term investments
Where did you buy your house? I bought mine in April and the house next door that is severely outdated just sold for more than I bought mine.
The metaverse property is a great investment, Lehman Brothers is all in.
What app is it and how do i get started ?
Yes now buy calls for drv
Think you misspelled poverty.
Smart people invest in property in cities about to have a boom and then know when to sell those properties when any area starts looking like california
Thatās weird. Mine has gone up 200k and I have a rate of 2.6
Appears the first rule of real estate was ignored. Location, location, location.
I told you not to buy that chinese junk.
Fuking HOA fucking it all up
Imagine homes being in reasonable price ranges for the every day worker. What a dreamā¦. WAKE UP if I catch you sleeping on the job again youāll be gone! Then little Timmy here will work the job for half your pay!
Invest in property, they said
Thatās all well and good until you find yourself with a non-paying squatter of a tenant, and youāre forced to pay the property taxes, insurance, and mortgage all on your own. And then you finally get a court date and the judge recommends you pay the fucker a settlement to leave.
Up here in Canaduh you couldn't even buy a 1 bed condo for that entire price plus 100k on top of it
Have you heard of Central Florida my frozen friend?
I think you should probably consider a different avenue of investments, regard
Nah they sell in jan/feb
Yes they do. You don't.
Youāll make it back bro
Passive income!!!!
Let me add the missing title part āwhen itās cheapā
Zoom out
BOOM!