/biz/ - Business & Finance

u mad whit- I mean.. young boi?

>>17497969
damn boomers

>>17497969

>>17498042
stupid mother fucker DO YOU KNOW WHAT INFLATION IS?????? HUH?

FDO YOU??

>>17497969
You'll have to drop the price eventually boomers or the bank will do it for you after you die.

>>17497969
There is no reason to take the US Dollar, or the US gvt seriously anymore.

>>17497969
look at that fucking property tax

#FinNexus is the new open finance protocol being built on the Wanchain blockchain

>>17497969
MAN UP AND BUY THE BLACK MOLD!

>>17498215
Still like a 10x

>>17498575
based

>>17498215
nice bait

>>17497969

>>17497969
because we all saw that quiznos commercial when we were growing up and it hexed us

>>17497969
Kek...buying another dead cat bounce. Fuck off boomer...I’m buying around 2026...that’s when we start to see a real decline.

>>17497969
I've looked into foreclosure auctions, which is how shit like this gets sold. It's not that easy.
You buy the house and there's a $200k outstanding property tax + debt lien on it.
Also, you're usually not allowed to inspect the house before you buy it. Meaning you basically have to assume it's so bad you'll need to tear it down and build brand new.
And on top of that when you want to go to one of these auctions, they'll require a $5k cash deposit just so you can bid. Usually refundable, but sometimes you're literally paying to play.
It's not an easy game.

>mfw I live in a fucking trailer park making 110k a year
I don't give a fuck, I am saving so much fucking money when you old profligate deegen shits finally croak I will buy as much of your dogshit homes and renovate them and then I will become the boomer HAHAHAHAHAHAHAHAHAHA

>>17498674
Based
I'm like you except I have kids and I rent and make less money and I'm fucked instead

>>17498674
>I live in a fucking trailer park making 110k a year
Is it bad bro? There are a bunch of them around where I live and seem like the cheap deal. I just don't know if I can get over the stigma of living in a trailer.... it doesn't help that I make 1/3 of what you do either.

>>17498593
WE PAID IN CASH YOU LITTLE BRATS HAVE FINANCIAL AID

>>17498674
unbelievably unironically based

>>17498921
I think the main issue with trailer parks is that you don't own the land itself and manufactured homes are depreciating assets

>>17497969
1.8m for that pos?

lol wtf I would pay 500K max

>>17499083
yeah and that's why you live in your mothers basement

>>17499096
your projection is showing

>>17499112
I paid of my mortgage in 2018

>>17499122
Congrats

>>17498042
Same boomer stood by deaf and dumb while kikes took everything, then wanna tell us how bad they miss the good old days.

>>17498674
based and boom no bust boomers bum plundered

>>17499132
t-thanks

>>17498674
this, except you want to own the land so no rent, and put the manufactured home on a foundation to keep it from depreciating. only about an extra 10k

>>17497969
Self employed = impossible to get a mortgage

>Boomers are most vulnerable population to Corona kino
>stock market where their retirement is planted is crashing
>with stocks/economy crashing so will the values on their homes
>are massively in debt
>most don't have any relevant skills to compete in the modern workforce

Boomers are about to get fucked in every hole. I can't wait!

>>17498666
Laws are different depending on where you are, Satan. Where im from adjudicated properties get auctioned off, you win the auction and get them free and clear, no back taxes or anything. Also free to bid on, fuck kinda kike bullshit is that. a 5k buy in?

>>17498364
based on a valuation near half the asking price.

>>17497969
Inflation adjusted, since 1959, that works out to about a 4.5% real annual rate of return. AKA nothing special

ITT: OP learns about compound returns over a long period of time.

>>17498674
Seriously based. Give 'em hell, Gen X anon(?).
>>17498921
You'd genuinely be surprised how good some trailer homes look. Trailer tech has come a long way.

>>17499175
Honestly if you aren't safe from risk by the age of 50 you deserve to get fucked. and most people are financially stable by that age

>>17498593
over SIXTY-ONE years.

>>17499232
But wages didn't increase at the same rate.

>>17499261
So? Get a better job. 4.5% real annual rate of return still pales behind equities, and yet people on here love to bitch about houses for some reason. Probably because the same class of brainlets can't comprehend the power of compound returns.

>>17499240
>most people are financially stable at that age

This is absolutely not true. There is certainly more wealth at that age, but the majority of boomers are in severe debt, and most could not afford a $500 unexpected expense.

>>17499318
Oh you're american

>>17499327
Whads you say eurofag?!

>>17499148
I love that color. Very comfy.

>>17499234
as someone who works in a trailer company, i can confidently say they really havent
the market for modular/trailers has been declining since the 90s where im at

>>17499343
He didn't say anything, you said your economy is so fucked and your population so enslaved most can't afford a house after a whole life working.
Nice pattriotic pic by the way,a fully manufactured star of redneck opera, manufactured and sold to gentiles so keep'em toiling and end their lives with barely a dime to their name

>>17498593
> around $133,000 for a 4 bed 3 bath

you can't get a two bed condo in my town for under 150k, at a third of the size. What a time to be alive

In other words, $15,000 in 1959 is equivalent in purchasing power to about $132,974.74 in 2020, a difference of $117,974.74 over 61 years.