/biz/ - Business & Finance

>>18423315
So you want your cake and eat it too?

I’ll fill you in. Opportunity to come up has been squeezed out of cities . The bigger the city the harder to come up. All the opportunity is gone. If you want a nice place, good girls, and real sense of community, GTFO

>>18423347
Prices are about to crash in all of the overvalued markets.

>No one is buying right now.
>No one is renting air bnb.
>1/3 of renters are not paying
>Flippers are stuck holding empty property.
>Immigration has halted due to virus.
>Unemployment is skyrocketing, as multiple businesses are going bankrupt.
>JpMorgan just increased their requirements for a loan to 20% down and a credit score of 700.
>Fed can't cut rates anymore. They are practically at 0 already.

>>18423347
>The bigger the city the harder to come up. All the opportunity is gone.

Can I have replies from people who live in my dimension?

>>18423391
This place is worse than reddit.

Literally millions of people competing for same job and home. Tell me where’s the opportunity here?

>>18423391
I live in LA, bought a house a few years ago, what do you want to know?

>>18423315
Where do you live, faggot? I live in DC and have given up hope of ever owning a home of my own here. Feels bad, mane.

>>18423391
I live in one of the wealthiest European cities and own two appartments, one 250k the other 850k. What do you want to know fuckhead?

>>18423464
>Literally millions of people competing for same job and home. Tell me where’s the opportunity here?

That opportunities exist to climb the career ladder and it's not hard to compete if you have an ounce of brains. That's the entire point of living in a city.

>>18423496
Central London, the worst part for me is when you think you've done a good job saving money and being thrifty but then you actually look at how much the deposit is on a mortgage. Might as well live like a South Korean and just blow all my money every month. We're all going to die at work anyway.

>>18423315
houses arent really worth it if you didnt buy them in 2011 when they were cheap

>>18423592
Lived in a huge city for the past decade and I can tell you the wages are higher sure but you pay more for food, home, gas, entertainment, travel. You live like a caged animal hoping to get a better cage with more view. Still walking by human feces every day and homeless old people. You pay the price one way or another. What’s the view worth when youre on quarantine? Save yourself and the hours you spend sitting in traffic and lines at the grocery and recover whatever time you have left by escaping the slave existence

It's a meme in an expensive city. When the only "affordable" buying option is a fucking condo, it's time to either change your dream or change your scenery. Before I rant on expensive cities, OP, don't bother buying until you're married. Any girl (or gay dude) will make you move anyway because it's "your" house and they want it to be "your(plural)" home.

>>18423592
Ah, the salary-cope. You'd live better and be farther up the ladder in a less "competitive" market. They lure big brains like you in by acting like your living everyone else's dream, but your still spending all of your time and brain power making your boss rich and your pay is going right back into feeding the cycle that's keeping you house-poor. Unless you really love the city, then good for you. >>18423683 gets it.

My close friends live in NYC. They used to have an apartment in Manhattan that was kind of cool. Now they want more space so all they can afford is the semi-low crime spanish neighborhood in Brooklyn. Next year they want to buy a condo...

>>18423347
Plenty of opportunity in cities but you have to get out of highly taxed, expensive, highly regulated cuckvilles like NYC, LA, Seattle, SF, etc.
Lots of opportunity to be found in 2nd tier cities IMO. Live in New Orleans and am thinking about investing in real estate here, you can buy a 3 bedroom house for under 200k easily. Downside is you have to be willing to put in a lot of work and take on the associated risks. There is some real wild west shit out here.

>>18424016
Very true, still opportunity out there just gotta find a place where market dynamics are in your favor. The big major cities have been exploited to shit now everyone is just serving the hands at the few who already came up, lucky, or were super elite 1%. New Orleans is beautiful great culture still got artist vibe and not over blown out with luxury condos . Will say the weather is biggest deterrent

>>18423851
100% my brother lives in Manhattan

>>18423315
why not just move to a "dull" area near a city? i live in the middle of nowhere arizona but its about a 90 minute drive to the las vegas strip. i spend a lot of my time outdoors living a healthy life and then every now and then when i feel like being a degenerate i text a couple friends in vegas and make the 90 min drive up there to party and fuck thots. i own my house at 23, a 3 bed 2 bath on an acre of land for 60k total

>>18424206
Weather is definitely a problem, and there are some political and demographic issues here that may be problematic. Hard to explain to people who don't live here that I think buying real property located below sea level is a good idea, but there has been strong population growth and the cost of living (and living well) remains cheap relative to the rest of the country. Lived in the Bay area for a few years for work and the place is ridiculous, guys like me got priced out 40 years ago. Only way to make it there is to win the start-up lottery or be an upper-middle class drone working for FAANG.

lmao yeah it is
single detached family homes are built for a husband, wife, children, pets, multiple cars
if all you need is a one bedroom apartment it will always be much more expensive to buy than to rent

>>18423315
I’m 21, small time investor, 9-6 job, still living with my parents
I have a classic car that I’m restoring, once done, it’ll be worth 20k, but it’s also my daily driver. I’ve put very little money into it, most of the work was done by myself. Once it’s complete it’ll be the only car I need to own. Gets about 21 MPG.
I have 11k in the bank, just got a raise at work, when I turn 24-25 I plan on looking for a serious relationship with a woman.
If I secure a good relationship, I’m going to marry her, and use all that money I’ve saved up to buy a house.
Preferably .25 to 0.5 acre lot, 1200-1500 sq foot house, where I live this is around 250,000 dollars in a county with good job opportunity for economic growth.
I want a large yard so I can have a very large garden. It’ll almost be a miniature farm, enough to sustain a family of 4-5 with good vegetables & some fruit trees.
Reminder: real men prefer debt free virgins with no tattoos.

>>18424565
Also the price is a bit in accurate. A shitty home that’s 1200-1500 sq feet on that much land is about 190k-250k
It really just depends on what state the home is in

>>18423315
Home ownership is the biggest meme on Earth. It's fucking retarded. You can buy undeveloped, powered/watered land all around the US for peasant money. You can slowly, as you build your wealth in other ways, build ecologically sustainable, "passive" housing on said land, dramatically raising its value. You can use this as your domicile, debt-free, and sell it at a profit when you're more economically capable, as long as you've got the will to wait, work over time, and unplug from oversocialized retardation. Why you would ever take out a lifelong loan instead to buy a shoebox that you pass time in is fucking beyond me

Have you ever done anything like this

>>18424304
>party and fuck thots
Can you get women in Vegas without paying?
Prostitutes are everywhere, why bother with Vegas?

>>18424756
That's where ever thot in LA goes to party and 10-stack bachelorette parties are impossible not to bump into. You don't need a prostitute in sin city, people come lose and ready to make bad decisions.

>>18424635
If the land is valuable, it's already too expensive to buy. Sitting and waiting on your "investment" is exactly why people don't do this. Time keeps moving.

>sell it at a profit when you're more economically capable
What does this mean? So I'm buying land I can barely afford in hopes one day I'm rich enough to not care about the hit I take selling it? I'm confused by your plot.

>>18424635
>build ecologically sustainable, "passive" housing on said land, dramatically raising its value. Y

found the youtube child that's never built anything in his life.

You will build to code, goyim. Don't like it? We'll fine you? Refuse to pay? We'll confiscate your land and toss you in jail.

>>18424891
It depends upon where you buy the land. Buying cheap, undeveloped land in fuckin Arizona or Oklahoma is a cope. Buying cheap, undeveloped land in Maine and borderland in Canada, or upper Washington state? Literally guaranteed. The future of small agribusiness is in US coastal northland. You can buy small plots for $15k. If you do literally nothing to it, it will double in ten years. If you develop it in any sustainable way, you'll profit.

>>18424939
I've built plenty. Thoreau-pilled

>>18424949
>The future of small agribusiness is in US coastal northland

I havent heard this. What about pic related? Could I turn profit on that?

>>18425141
having land rezoned is a fucking nightmare anon. You wouldn't be able to add any structures or make agriculture improvements without having it rezoned. If want to sit on it a few years it may increase in value, but it may not.

>>18425141
Possibly, but to ^anons point, rezoning is a nightmare.

Climate change is going to turn a lot of southland arid. Large agribusiness will move to midwestern, northern flatland in the US and CA. But, small agribusiness's only option will be northern coastal land. This is why I say its a good long term investment, but recognize that when I say long term, I'm feasibly talking about decades.

>>18425141
A lot of the undeveloped land in Maine is much more flexible when it comes to zoning though. I have a feeling Maine will become America's smaller-scale, artisan breadbasket in terms of agriculture.

>>18425244
Based off of what? Explain like i'm a retard (because I am)

>>18424635
Mortgages are the only reason to buy a house. If I had to pay straight cash for a place I’d be a life long renter and sock that extra money away into the stock market.

>>18425290
yeah but then you're saddled with literal lifelong debt unless you somehow make it

>>18425275
a lot of it has to do with climate change. govt and Jews over-exaggerate climate change's effects, but it is a real phenomenon. As the typical American heartland dries up, AND, as a new generation of autists seek a more minimalist lifestyle, they will flock to the northland, which won't be as impacted. In flatland, midwestern areas, large agribusiness will move their operations. But, for smaller scale operations, that's not a feasible option; people who make hipster shit like mead, artisan cheeses and meats, cannabis, etc. will all flock to places like maine, where land/land-leases are cheaper, land is in a great, fertile condition...its a sure thing.

>>18425244
also, for perspective: go check out how much land in Maine is still remote and relatively pristine compared to everywhere else on the east coast, then look at how cheap it is compared with land per acre on the rest of the East coast.

>>18423851
>Before I rant on expensive cities, OP, don't bother buying until you're married. Any girl (or gay dude) will make you move anyway because it's "your" house and they want it to be "your(plural)" home.
That's how they divorce rape you, retard. If you fully own the home it's much harder for her to steal it

>>18425141
god it's beautiful.
Is it close to the oceans or lakes? Imagine building a cabin there and just chilling/hunting/fishing during the spring

>>18425337
>debt
Only poor fags call it that. Big boys call it leverage. Go look at the terms and conditions of the average margin account for a stock brokerage and you’ll see that a mortgage absolutely BTFO’s it.

>>18425508
I am a poorfag tho you nig nog

>>18425735
And you will continue to be if you don’t change the way you look at money.

>>18424756
I'm young /fit/ white and tall, I am not a huge whore but I almost never have trouble finding success with women. Most money I spend is maybe buying a girl a drink but I usually don't even do that.

>>18424565
>Anonymous
I'm you. Just slightly older.
27. Small time investor. 7-4 job, living with the gf of three years on roughly a quarter acre in a 1200sq feet house.
I have 3 garden patches each approx. 500sq feet, a green house and a chicken coop with 5-15 chicks- depends on the time of the year.
Plus a small orchard.

My 2 cents:
Restore the car and sell it. 21mpg is pisspoor. Buy a newer econoshitbox with a trailer hitch and a small utility trailer.
Start looking for a girl now. Trust me.
Build your skills/craftsmanship. You'll need it.
Maybe switch professions and become a tradesman

landlords are ALL scum and housing should be decommodified

>>18425480
it's also much harder for attract anyone in the first place

>>18424304
Kingman AZ ? thought about it.

My parents bought an apartment for me when I was mid 20’s. I rented it at the lowest legal rate and then bought it from them about seven or eight years later at 15% below their initial purchase price. Prices had risen enough in the meantime that the price I bought it at is a bit less than half its current market value.
I own it on a 1% 30 year mortgage. Any gains are tax free.
This is not in the US so our tax rules are different of course, and this parental buy is a very commonly used and completely legal scheme in my country.
Why am I telling you this? I don’t know, it just feels good to be insanely privileged in this regard when I’ve been a bit of a fuck up in everything else, although those things are looking up as well.

Now I just need to become good at stocks.

>>18426540
close but more remote. kingman is pretty shitty, i wouldnt recommend unless you can get a huge plot of land away from anybody else. problem with arizona being both cheap and having nice weather, is that it attracts all of california's gutter trash who cant afford to live there anymore. tons and tons of drug addled wiggers live around there. thats why i live isolated on acre. theres no point in living rurally if u cant have peace and quiet.

>>18425141
imagine all the animal sex you could have up there once chainlink goes to 1000 dollars

>>18426242
NOOO PLEASE MARX DONT TAKE MY 7 HOUSERINOS. HOW ELSE IM GOING TO NEET ?

Renting an apartment currently in a major city, I don't plan to buy a place here but eventually purchase a comfy cabin in Wisconsin (if the virus really kills the property values there) after a few years

>>18423315
You have to be a literal retard to not own a home. Take a mortgage @ insane low interest. Use the capital to get 30%CAGR over the term of the loan. It's literally free money

>>18425337
t. 0IQ