/biz/ - Business & Finance

>>13922851
Kek I live right by this guy.

>>13922851
Because they're living paycheck to paycheck.

>>13922851
You could buy real estate in say Bumfuck, Minnesota. Would you be making money? No. But that's all millenials can afford when they make twice minimum wage or less.

Because you can't spread real estate on toast, obv

>>13922851
lol at his son buying a house in da woods to jerk off outdoors and naked yoga

you can tell 4chan is overrun by robo posters when threads like this are made in the middle of a crash

I've just bought a brand new home

>>13923138
b+rp
Minnesota has some prime land at only 200k an acre up north where nothing grows for 8.5 months of the year. Ideal buy if you want to live off the grid with your stack in 15 years.

>>13923231
But not ideal if you want your land to appreciate at a rate superior to just chucking it into government bonds.

>>13922851
I love watching this fat Jew on YouTube, pretty based

>>13922851
Pol is leaking all over this thread. You guys idiots

Sorry, too busy buying the most undervalued asset in the world.

>>13923954
Silver is so beautiful!

>>13923954
Also the Silver Jews is one of my favorite bands ever

>>13923058
kys faggot discord tranny

>>13923980
agreed

maybe because it makes for a poor investment?

This guy is a literal cuck

>Black son

Lmao

>>13923980
just bought 100oz of silver last week
feels goodman

>>13924606
silver is a hedge, not purely an investment
learn to risk mitigation

>>13923602
This whole site is pol you moron. Go to reddit if mean words bother you.

>>13924657
He was talking about real estate. Holy mackerel.

>>13924657
I meant real estate, silver isn't an investment

>>13923087
/thread

>>13922851

when there's nothing left to burn, then you have to set yourself on fire. how is responsibility be correlated with real estate? studies show millenials are still traumatized by the subprime mortgage crisis back in 2008 and when the Fed to this day still buys mortgages and doesn't sell any, that doesn't contribute to the sentiment. Add the sharing economy meme of transport and travel when you rent instead of even staying at hotels, then you get the picture of not being tied down to natural law. Land is valuable but in the bigger picture of governments and the market as a whole, with the libor scandal and the general red pill on who owns what, I think that millenials want to be independent and that starts with their own person rather than being a cash cow to be milked. Not having debt is quite good, on the long term one can draw a connection with starting a family and a stable livelihood. On being a landlord, don't do to others what you wouldn't want to be done to you aka the golden rule might be in play.

>>13922851
Because unlike nulinkers I don't buy the top. I'm happy living with my parents until the next housing crisis

>>13923222
>tfw no comfy incubator

>>13923602
Your front hole is leaking all over this thread.

>27
>65k/yr W2
>purchased a piece of shit 49k duplex last year and this year went 5% into a fourplex
peak comfy

>>13923573
Hes dope. Hes not even jewish, he was poor and now gives out invaluable information for free. How is that jewish.

>>13924519
>>13923980
Planning on joining you bros soon

>>13922851
Ben Mallah is my favorite kike. On the day of the oven he will be spared

>>13923222
Sweet wank laboratory bro

Yes goy buy over priced assets.

>>13922851
>Be boomer
>Buy real estate
>Vote for policies like immigration, zoning laws, environmental protection laws, etc to keep the price of housing on a steady incline
>Housing no longer becomes a commodity but a mere hyper-inflated investment vehicle for delusional boomers who see it as their retirement fund and predatory bankers who can't wait to pull the rug out from people underwater on their mortgages
>Why aren't these lazy kids these days buying houses and starting families like we did in the 70's? *siiip*
>Why are millennials buying Bitcoin instead of our real estate bags reeeeeeee

>>13925167
glad to hear it fren

>>13923087

What? No one will pay you 6 figures for intersectional slam poetry that explores the plight of trannys in wheelchairs?

>>13925851
To be fair, much of their paychecks have to go to pay for baby boomers social security and diapers.

>>13925772
>housing is a hyper inflated investment vehicle
Implying the value of real estate is in the cost to acquire the property. House price goes up, house price goes down... only a brainlet cares.

>>13923087
Speak for yourself.

>>13922851
Psychological barriers mostly. Unless you live in NYC/SF/Toronto there are no excuses to not own real estate.

Fucking LOVE Ben Mallah

>>13923087
This and OP is a faggot pilled

>>13925167
Why wait? The bottom is in

will the housing bubble ever really pop? i mean for real this time, not just that pussy market correction that boomers like to pretend was the great depression 2.0 because they think it makes them tough for living through it.

>>13922851
you tell me boomer

>>13922851
Because we have 100 bucks in our bank accounts and no guidance from careless boomers and millennials.

>>13926360
take your critical spending from your your paycheck, save 60% of the remainder in a separate account. Invest index funds or real estate or just park it in a mutual fund and fuhgeddaboutit for 30 years.

>>13922851
>Dont have millions in savings
>Housing market is incredibly inflated and on the brink of collapse

Yeah no idea

>>13926346
As long as they keep dumping new immigrants into the nation that shit will never pop.

>>13925772
this guy gets it

>>13926346
kek

>>13922851

Because we aren't retarded enough (or rich enough) to buy at the top of this bubble

>being such a brainlet you buy property and not BTC in 2019

>>13922851
legit i know 1 maybe 2 people who own houses and everyone else rents or lives at home

>>13922851
that man can not be real

>>13927257
is rael

>>13927283
he looks like a fucking caricature of a jew

>>13925080
What’s your cash flow? What rent are you charging on the duplex?

real estate is boomer bags

>>13926995
dont blindly throw your money at an asset just because it has historically performed well, that is how you underperform the market

>>13926346
all they need to do is increase the interest rates and the prices will literally halve overnight

>>13927314
This guy looks like literal Nazi propoganda. Kek.

I'm a millennial, I bought my home in 2011 at the dead bottom for 70k and change. Worth 260k now. I'll never sell, this is my leverage to buy rental property.

>>13925080

Where the hell are you buying duplexes for 49k?

>>13926165
>Implying the value of real estate is in the cost to acquire the property.
What did he mean by this?

>>13927514
Duplex I rent out for 650/side. I can't say I have a yearly total cashflow but the duplex brought in over 5k last year and the fourplex I'm projecting year end will be around 2k cashflow, due to the low down payment and the fact that Im taking up 25% of the property.

>>13928249
The value in real estate is the fact that you can invest 18k in a property and get 5k back 12 months later, not counting equity built that you can borrow against in the future.

>>13928197
Motivated seller, high crime city, property being undervalued because of a stinky carpet, bad paint and the lawn is a mess lmao. Buy close to home so you can go after work or spend a couple weekends fixing it up suddenly you can add another 50 bucks to the rent (just dont price yourself into high vacancy), grossing an additional ROI

>>13922851
Sorry boomer, not buying your bags

>>13928368
ok.. so where exactly??