/biz/ - Business & Finance

Sweden is a muslim country

Never listen to boomers, just rent for a while if you can find a decent apartment.

>>21094944
If you were an Oz bro you would realise this is true

Our economy is built of real estate and mining. The government will do and has done everything possible to prop both sectors up

Looks shaky? Just bring bring grants and tax breaks for first home buyers. Still looks shaky? Pump up those grants and problem solved

Think of the Australian property market like a bank, too big to fail

>>21094944
why even buy a house if you haven't already made it? literally the only reason to buy your living space is as an investment that you think will appreciate. or if you have fuck you money you can buy whatever the fuck you want so you have to deal with less middle men

tell your boomers to leave you the fuck alone

>>21094944
in europe housing prices dont drop like in the us, when those slaves get credit crunched and forelclosed on all at the same time and can just sleep in their cars.
In europe you just get neetbux and pass it on to your landlord, so there isnt much selling.

>>21094944
>THE REAL ESTATE BUBBLE WILL NEVER POP!
You already know what to do.

>>21095042
>too big to fail
Famous last words cunt

>>21094944
They just want you out of the house anon. They wanna fuck in the kitchen and walk around naked and have fun and remember what it was like before you were born.

>>21095016
I second that. Don’t listen to boomers. They are truly clueless. They encouraged me to incur college debt. They told me crypto will be worthless. Meanwhile I’m probably gonna be a millionaire off chainlink in the next year. If you’re relatively young I wouldn’t get tied down with a house just yet unless you’re married and are having children and plan on being there for awhile. In that case, price fluctuations aren’t the end of the world. But in terms of a mere investment, i think real estate is riskier then other assets atm because of the likelihood of prolonged economic depression coming that will likely depress housing prices, along with the glut of supply that will be coming on the market as boomers die with millions of Americans out of work with no money to buy them.

tell them u are all in link and fuck off already!

>>21095132
exactly. you can only prop up so much before critical mass and failure take over. bring it on

>>21094944
your parents are wrong.

the market crash happened, historically real estate has always had a lag time of 12-18 months after a crash and then it dips hard.

ur parents are delusional

>>21095000
Muslim in Sweden, can confirm.
Have 7 children.

Wait until the second half of 2021

Do not listen to the boomers, they only know how to accumulate debt

Wait for the housing crash that’s inevitably coming, me and my fiancé are doin the same thing fren

2 more renting years tops

>>21095016
This is true but does it mean we will become the same in a few decades?
How does this process happen?
Do we stop improving and learning new things?

Fuck boomers. Tell them next time to shit their fucking mouth or you're gonna punch it like there is no tomorrow.

>>21094944
They're right. As >>21095042 said, western governments aren't about to let the boomer property owners go around; they will allow foreign investment and increase housing subsidies for first time homebuyers if they sense that the market is shaky. "Too big to fail" is naive, but they will prevent a 2008 style crash at all costs. Even then, it took less than 10 years for the market to bounce back in most areas.

>>21094944
It can be a good choice, depending on the rent prices, the interest rates, how long do you plan to stay in that city, etc.
In Germany, for example, outside of a couple of overvalued markets (Berlin, Munich), which are also rent-controlled, low interest rates make buying a no-brainer. Trying to time a bubble to pop is difficult: there's no guarantee that it will actually do so between now and when you sell the property.

>>21094944
If the market is so great, why don't they buy the house for you and have you pay them mortgage? When the 'amazing market' continues to go up 'forever', then they can take a share of the equity for risking the down payment.

personally speaking, I won't be buying boomer boxes at ATH extreme peak of speculative bubble territory

bump

I don't know where you live exactly OP but Europe is different than the US in the way that there is not a lot of space.
Things like Detroit where a vast area goes totally bankrupt when the manufacturing goes bust don't happen here or at much smaller scale.

Where I live in France (middle sized city 100-150km from Paris) the property prices have doubled in 20 years, in Paris they did a x17.

You have to dyor

If you don't own a house you're getting left behind. Simple as that.

I don't know if you've noticed, but governments all over the world have been printing money like its the fucking Wiemar Republic this past six months.

How come there isn't any inflation? Shouldn't bread and milk 2x-d with all this new money in the system?

No. Because all that new money is going to pump asset prices. Governments don't give a shit about printing money because they know it'll increase the paper value of peoples investments, retirement funds and their homes. Basically everyone stays in the same spot.

...U N L E S S...

Unless you listen to these rentcucks on here rabbiting on about buying "boomer boxes" and how it's a speculative market. It's not. The game is simply too big to fail. The only people who get left behind in this system are the ones without assets.

TLDR - buy a house, faggot.

>>21098703
sell signal

>>21098892
I'm not suggesting that there aren't localised crashes/dips, of course there are. But this is literally just the way the world works now. Everything trends up.

Time in the market > timing the market

Think of it this way:

Equity - you aren't paying someone else's mortgage for them. Why piss away good money on rent?

Freedom: If you need to move for work, you can rent it out and let someone else pay your mortgage.

Privacy and security: No noisy roommates, no roommate drama, and no people bailing out mid-lease and leaving you on the hook for the entire exorbitant rent amount while you scramble to find a replacement.

It will definitely pop in 7 to 10 years when the baby boomers begin to pass away to eternal boomerland.

>>21094944
Housing bubble didn’t pop in the recession and hasn’t popped with the pandemic.

Maybe I could see it popping if we banned sales to non residents but that’s never going to happen (or would be quickly reversed should house prices begin to decline).

TL:DR - It’s Chinese fault. Buy a house now

>>21094944
European houses are a far safer investment than americuck houses.
Get rich from crypto first, then buy your own house and a good rental property in an area with increasing property values.
Mortgages are for fags.

>>21096694
Ath yes but interest rates are so f'ing low that you can get a good deal. I mean depends on your area. 250k homes with under $1000 payments. How much more affordable can you get? Cheaper than an apartment.

https://m.youtube.com/watch?v=g-RPNtXX5Ss

You'll never make it op because of modern monetary theory

>>21095165
Crypto is in a bubble too. Thousand and thousands of literal shitcoins with no real companies, assets or productivity behind them worth billions and billions of dollars. Chainlink being one of them. If you made money on link, congrats (I mean it), but I highly recommend you take some profit or you are going to regret it for the rest of your life. The entire space is in a MASSIVE and totally unsustainable bubble propped up by fake money (Tether) that can pop at any time. Greed prevents people from acknowledging the obvious, but these ridiculous valuations and rise in price for no discernable reason WILL come to an end, probably much sooner than you think. That's not even including that the USD fiat shitcoin, that everything is valued in, is also about to fail.

Take profits and convert your wealth into real assets.

If they're absolutely hounding you on it, buy, but only land. It's better for you in the long run as you'll have something you can put your own house on for less than what it costs to "buy" (read: get roped into the jewish mortgage scheme) on a cuck shack that'll only lose value. Plus it'll satisfy your parents that you're thinking long term on investing

>>21099671
Because most people don’t want to pay $150,000 in interest for 30 years. The Chad plays are coming- I will trade 1 BTC for 1 Boomer McMansion. Not long now.

>>21099825
>convert your wealth into real assets.
what if crypto is the only real asset?

>>21098703
>>21099062
>He doesn't know about wealth cycles

Probably the most important video you will see this year. I know most people won't take the time to click it and watch, but at least I posted it now and you can't claim you were never warned:

https://www.youtube.com/watch?v=l-knwwD-PZc

You will learn very soon the importance of this message and what the concepts he is explaining truly mean.

>>21099915
i smell a based thread

time to sit down and read

It’s cause most boomers are homeowners. They say the real estate market will never crash as wishful thinking cause they don’t want it to happen to them. So it can never happen. Typical retard boomer logic.

>>21095165
i see a "consolidation" sideways market for real estate in the US and Canada over the next 10 years

>>21099978
Precious metals is the only real safe haven for fiat bubble collapse and/or currency crisis. See the very important video I posted here: >>21099981

>>21100080
my reasoning is

>the amount of $ being inject into economy
i also don't think recessions/depressions will ever be like they EVER WERE.

the difference between today and 2008 is that markets are moving exponentially faster.

so if you take that into account it means:
>the recessions will occur exponentially "fast"
>we won't see 1-2 year prolonged bear market's anymore
>the market simply won't be that "stupid" or "inefficient" anymore because the market is much smarter now and moves faster

>>21098349
flipside of the coin: i live 30km south of Paris in a medium sized town with great transportation, and property prices have stagnated for the last 10 years
we also went from 95% white in 2000 to <50% white now. crime isn't up like crazy or anything (mostly drug deals)
buy in europe? yes, but don't buy anywhere. dyor is sound advice for sure. apartments in student cities are probably much safer investments than boomer houses in smaller towns

>>21094944
don't listen to boomers

>>21094944
habibi just get in and get scammed, if you go against you're cucked parents they'll hold it against you for life and it'll be real fuckin annoying

>>21095000
The numbers confirmed the truth.
Checked.

>>21095251
If [Scandicuck country] is Sweden then I doubt it will significantly pop because the housing shortage has been acute since like the 80s at least and they keep letting in more and more people to the country.

>>21100492

*your ya sheikh

>>21095016
Also very difficult in Sweden due to the housing shortage. Basically you're stuck waiting in housing queues for years, getting a black market deal on a first hand contract (prohibitively expensive) or renting second hand which has a bunch of restrictions or you get scammed. Literally a whole generation is living at home with their parents because of horrible policy.

Pure boomer brain. My parents too. Complete idiots. What makes it even more hilarious is they only earned like 1.5-2% over the liftetime of their house, not including repairs. So they lost money relative to renting and investing in stocks.