/biz/ - Business & Finance

>>23392223
the US realestate market in the US is pretty cheap desu i would be a landlord over there

Millenials are definitely buying. I think its zoomers who arent.

And as to why: they dumb

>>23392223
>Aren't being paid enough to buy one.
>Don't want to buy overpriced homes in nigger areas

Is that not a huge amount of money for a place that size? And in Minneapolis?

>>23392223
>$200k for that
It’s fucking tiny, and right next to other houses. Fuck that

In the most traditional sense, to own a house you gotta be a full-time worker and work towards paying off a 20-30 year mortgage.

I certainly can't speak for all of us, but I don't want to live that way. I want to pay off a house much sooner and then coast working part-time at best. That's why I got hair-brained ideas of getting money via investment and finding a cheap house in some nowhere state.

The skyrocket of real estate prices has a lot to do with the ever decreasing interest rates. BUT we're at the bottom of interest rates so only supply and demand remains. Foreign demand will be key to keeping real estate prices high. Boomers and Gen X have priced out millenials and Zoomers but millenials might inherit from their Boomer parents if they play things right.

>>23392394
True and they're being sold a lie that buying depreciating novel toys and bullshit is cool and leads to happiness. The internet and nature are almost free, knowledge and peace bring happiness everyone. My family owns an international company and we're all annoying drunks but at least we've realized money is happiness in the abstract, not reality. Maybe this is useful to someone out there

>>23392503
imagine thinking thats how real estate works

Never
Line go up

>>23392492
sad thing is, it's still the smarter move when rent is more expensive than the mortgage payments

that house would be over $500K where i live and the tenant would be paying for the owner's mortgage payments

>>23392629
Everybody in those $300k+ McMansions is paying a mortgage.

>>23392612
>My family owns an international company so i can totally relate to you guys

birth rate of 1.5 per family reduces population by 1/3 every 2 generations

>>23392669
$300k? Sign me up!

Look at this https://twitter.com/TimviOfficial/status/1311772800009502720

>>23392669
Yea its stupid

>>23392698
That does not bode too well for a lot of sectors.

>>23392223
I'm just not ready to settle down. I could buy a cheap house around here, but I would need to flip it within 2 years and I'm not confident the market is going to be that strong in 2 years when President Kamala is in office.

>>23392698
Not nearly enough. We need much less births to save the planet!

>>23392729

there's only 1 sector the wage slavery sector

>>23392674
My mom married into it, I grew up poor until 6th grade. I think I got the best of both worlds in terms of lessons and opportunities

>>23392367
>t.zoomer
unless your renting our your home it’s nothing more then a store of value

>>23392729
The idea that assets will grow in value forever is a delusion of infinite growth. Many European countries are approaching birth rate of 1. Japan is already there. Do you know what that means? Half population in 2 generations. This is also why European politicians are pushing the immigration agenda so hard. It is in their financial incentives that all asset prices grow forever. We are at the cusp of a massive generational inflexion point. Our civilization can not even imagine a world of negative growth, but it is very real.

>>23392223
Ask yourself why banks collude with governments to increase immigration numbers then reassess

>>23392768
So your mom is a whore is what you’re saying

>>23392223
you are looking at the price of the house instead of what most morons look at when they buy a house, which is the monthly payment, I work in banking and the first thing anyone asks when taking out a loan is "what is the monthly payment?"

Average man is motivated to work a shitty job and buy a house for a woman to have his kids.

Women are educated so their standards have risen. Educated women don't want kids as much (but still want to be married lol). Men aren't going to shitty job for no reason, they'll just work easy jobs for slave wages and focus on their "hobbies" like video games and anime and collectibles.

>>23392492
>Tiny

Heh, not that you would want to come to this shit hole, but don't come to Britain

>>23392223
>100 years old
>no central air
>$446/square foot

i'd rather be a rentcuck for life than buy that fucking shitheap.

>>23392223
$1million USD in Vancouver

>>23392223

Gangstalking

>>23392223
Because we get rugpulled all the time and the FBI doesn't do anything against it. So we have no money to buy real estate.

>>23392223
I'm from Minneapolis. If you drive 20 minutes away from that house into the suburbs you can buy a house three times the size for the same price.

They arent going to fall just because nobody is buying. Y/Z generation are just living in houses they dont own for longer.

>>23392669
False. So many people these days are paying cash.
Just because you and I aren’t doesn’t mean others cant

WHY IS IT ALL SO EXPENSIVE BROS

I'VE SPENT YEARS SAVING AND I ONLY HAVE 50K IN THE BANK AND I CAN'T AFFORD A FUCKIGN THING

AAHH

>>23394850
Chinks, at least where I live

>>23392223
>$300k for 672 sqft in a frozen flyover shithole plagued with niggers and leftists

honk honk

>>23392223
>tfw all of these multi-million dollar homes today were all less than 100k in the 1970's.
It's not fair.

>>23394850
I was hoping for the housing market to crash a few months ago to snag a house but it looks like it's not going to happen
people who were able to get one right after the 2008 crash are so lucky
>t. 24 year old who just moved back in with his parents to save for a house

>tfw bought an apartment 15 months ago that's already up roughly 25k dollars

>>23395697
The best is talking to boomers about it who acquired those places for 100k when they were like 2-3x the average annual salary. Where I’m at we’re now north of ~15x annual salary
>you should just buy what you can afford

>>23395720
I'm getting kicked out because my mom wants privacy so she can fuck our married neighbor. I kept hoping for a crash, but nothing came.

>>23392503
>to own a house you gotta be a full-time worker and work towards paying off a 20-30 year mortgage
>to own a house
lmao, when will america learn that they're bank slaves? Everything that they "own" is usually owned by the bank lmao

>>23395808
It's really fun when you look at the homes in really prime areas like nyc, southern california, etc. There are houses that sold for like 80k in the mid 70's that are now worth like $5 million+.

>>23392801
this.
What's even worse is they don't buy their store of value at once, but borrow money to pay for it

Imagine paying a fucking mortgage rate to leverage-buy more BTC. That's what you're doing when you get a mortgage for a house. Lucky for the millenials and boomers the housing market is less volatile than BTC but with the upcoming recession, guess what:

the jew is gonna make sure you mortgage owners get "liquidated". Bye bye house, bye bye all the money you put into it.

>>23392768
>>23392900
Look at this retardation. Let people enjoy their lives.

>>23394850
There's really cheap cities man, I don't know why people think this is a real problem. Just move to a cheaper place...

>>23395866
I had a conversation with an uncle over the summer where he tried to convince himself that things are actually better for people now than when he built his real estate empire. I just smiled and nodded as I couldn’t really be bothered to pick a fight but the level of delusion and mental gymnastics was incredible

>>23395912
Are you white knighting for the spoiled rich kid or his whore of a mom? Asking for a friend

>>23395909

the difference is that you can't live inside of a BTC and if you don't have a place to live you will have to pay rent. would you rent out a BTC that wasn't yours and that you had to give back to the owner later. even if the value goes down you still have shelter

>>23395810
yeah I was pretty tilted nothing happened especially since there were reports coming out that said over half of people weren't paying their mortgage

>>23395970
The only millennials that are actually living amazing lives similar to the ones Boomers had at their age are the ones with insanely rich parents. They go to school and graduate with no debt, their dad's call up a friend of a friend, and he gets their son a job making a starting salary of over 100k a year at 23, putting them on track to make 250k+ by age 30. And they think that it just magically happened because they were special and "worked hard". Kek

>>23396039
the thing is I'm forced to have BTC and renting it allows me to invest more in better shitcoins like Chainlink

>spend $50k+ downpayment on hookers
>can leave whenever niggers move next door
>dont have to repair shit or deal with jew RE agents

>>23396238
My family isn't rich or well connected, and I have no debt (scholarships), a college degree, and a salaried job at 23. And I'm white as snow, so no affirmative actions gibs
You're just lazy.

>>23395965
>Just move to a cheaper place...
>just abandon your family because kikes and chinks jacked up real estate prices with imaginary funny money

>>23392223
Homes are for immigrants you racist!

>>23392223
OP this one is *way* better and bigger.

https://www.trulia.com/p/sc/greenville/13-doverdale-rd-greenville-sc-29615--2028526368

>>23397107
well... at least it's trending in the right direction.

>>23392765
>T. Barrett from Avalanche

>>23394850
That's more than enough to make a down payment by the way. Thinking you'll buy a house in outright cash is downright autistic unless you make it off a stack.

>>23396787
And just how long do you think it will take you to afford that 600k starter home, champ?

>>23396039
>what is defi lending yield

>>23397503
lol cope faggot, I don't live in an expensive coastal metropolis
I'll probably buy a house with 20% down by the time I'm 25
And rent out to wagies who pay for my mortgage while I continue to work from home

>>23392492
>299,900$
>200k$
The marketing guy who discovered that this 2.99 shit works on smooth brains was a genius

>>23395866
can confirm, parents bought a house in brooklyn for cheap back in the early 80s and it's now worth around $1.2 million
The neighborhood used to be italian/irish but now it's a mix of orthodox and hasidic jews. Lots of russians, georgians, and uzbeks are moving in too but they're alright. It's not somewhere I'd like to stay for much longer; most of the italians/irish left to go to long island/new jersey/staten island but they're all just opiate addicts nowadays lmao so fuck living around that.

>>23392768
Your mom is essentially a prostitute

>>23398035
All women are essentially

>>23392768
And you’re a scab that never had to work but thinks you did because you were poor until the sixth grade. Those fancy private high schools must not teach you much critical thinking skills, huh?

>>23394342
2mill in downtown

>>23395697
American styling buying and Chinese buyers ruined it
https://youtu.be/HzSAmOQuyjU