/biz/ - Business & Finance

That's in los angeles.

>>49963571
Westwood Lake Subdivision in SW Miami

>>49963524
Those same houses are valued at 1000x today. Holy shit it was literally impossible to not make it as a boomer. Such a multi decade long bull run with constant economic growth and easy money will not happen again in our lifetimes.

>>49963524
A typical salary was 8k tho

what date are these from?

>>49964212
1843

>>49964212
June 11 1979

>>49964169
Show me a place where I can buy a new house for a typical year's salary

all these houses have fallen apart at this point, what is your point???

>>49964274
Man you're surprisingly stupid

Here's a funny question I don't see asked anytime these threads happen.
What were the people back then thinking of these prices? Did they think "wow! this housing is so cheap, I can pay off my home easily in 3 years!" and then proceed to buy house after house? Or did they think they were expensive for what they were? What difficulties did they have relative to people of our generations? I bet many of them wish they bought as many houses as they could looking back. I wonder what our 'thing' will be when we look back, maybe it would be wishing we bought more bitcoin.

>>49964973
>I wonder what our 'thing' will be when we look back, maybe it would be wishing we bought more bitcoin.
Nope, it'll be real meat.

>>49964274
And they are worth 500x even in their shitty state...

>>49964994
So go long on chicken farm?

>>49964274
The land, anon

>>49964973
Sounds to me like houses were cheap because people only bought as many as they really needed.

>>49965153
It was a lot easier to build back then. Less red tape and regulation. They were mowing through ancient woodland to build it all back then as well.
In some places housing was almost a loss leader to get people to use public transport or shopping whatever's

>>49965076
No, go long on bug farms

>>49964169
Ok, sell me this house for 100k dollars then.

>>49964274
The next generation everybody.

>>49965246
When I look at most American houses I wonder how they could cost more than $50k to build even with today's labour costs. They're like shacks or cabins, only bigger. And then the land too, America has so much of it, why should a lot in some suburb 30 miles from the city centre be worth much at all?

It seems to me if you've paid more than $100k or so for your typical American prefab suburb house you got taken for a sucker.

>>49964973
>>49965153
Housing used to be viewed as a commodity rather than an investment, and the economy wasn't as centralized as it is today because local industry existed, you know, at all. You could live in a small town and not be all that much poorer than the city folk. (Except Bankers and Lawyers, probably.)

>>49964169
Based vintage Wellington Newspaper Paper. Back before New Zealand had a derivatives market that made our dollar worth less than it was.

>>49964169
>>49964274
>>49964973
Jesus fucking christ guys.
A house sitting on land you own, forever, is a place you can live in, work in, accumulate wealth, or you can rent it out for income, and to maintain a zero-carry asset.
If the average US salary is like 69,000 USD/year, then imagine a typical 1500 sq foot house in the best locations in the USA being worth 69,000 USD, right now.
You open up zillow or wtv and the homes are 30,000, 40,000... and then these beauties are 70k, holy cow!

Instead you open it up, get pissed off, realize you will rent forever, and do absolutely nothing substantial to improve your lots in llife, including understanding what the fuck happened and is still happening.

>>49963524
Who took this from us?
I mean fuck, even in 2003-06, there seemed to modern versions of this.
Now the USA feels like Brazil re wealth disparity.
It's never been more obvious the elites, or at least Washington, wants to destroy the middle class (primarily in the Midwest).

I paid x5.5 of my yearly salary for an apartment in a small city. In the capital it would be more like x10 for a smaller apartment

>>49965572
> I wonder how they could cost more than $50k to build even with today's labour costs

because we import every material to build them on a ship over the ocean or on a diesel guzzling truck, and then we make it worse by importing 1 million mexisharts every single year to bid the price up, and then we suppress interest rates so every Jewish investment bank can buy up 500 at a time

Things have gradually been getting worse since 1973

>>49964973
back then nobody knew that housing would explode like that because land was viewed as near boundless, there could always be another new development brought in construction

that all changed who you guess who got into politics and started with the climate/sustainability/population reduction agenda, real estate bubbles always start with politics preventing new construction and the free market from functioning properly
thinking housing is a good bet today is the retard move, with the disaster everywhere we will go to straight up commie tier land grabs where a state entity will own most RE and rent it out
oh look a darkened stone flew over my house

>>49965657
First part is right

>>49963616
>Miami
Those houses are worth millions I bet.
Money printer go brrr.

>>49965849
>If the average US salary is like 69,000 USD/year

The median individual income in the US is like 35k so about half that, actually.

>>49964105
Nah it will happen after the coming civil war etc. Save your money.

>>49964244
>Nar Nae

>>49963524
don't ever forget what they took from you.

>>49965849
>If the average US salary is like 69,000 USD/year
that's family income not individual income, you jet black gorilla nigger.
>You open up zillow or wtv and the homes are 30,000, 40,000... and then these beauties are 70k, holy cow!
they're dilapidated shithole homes in rust belt heroin addict shithole towns where manual labor jobs (the only jobs in town) pay $16/hour with no upward mobility.

source: used to live in one of these shithole towns and work one of those shithole manual labor jobs for shit money with no upward mobility. except houses are $175k+ for something livable.

>>49964169
Then that same house would be roughly 100K today, instead of 500K/800K.

>>49966860
>"Price does not include cement, brick or plaster."

Nice try, not trapped in with your hidden costs Jimmy. I'll invest my cash in gold and be rich in 100 years! You'll see!

>>49966892
You fucking mongoloid. You absolute fucking retard.
I am demonstrating the relative prices for that era and what that would feel like today. Seeing brand new homes for the equivalent of annual salary in the US.
Dude how the fuck are you so stupid. People like you are literally the guys that end up on those cctv clips getting obliterated by darwinism.

>>49963524
even if these pieces of shit fell apart, the land itself in that area is worth 500k-1 mil, especially with all the faggots from NY and Chicago fleeing.

>>49967737
>Lamborghini available for only $599
>Price does not include vehicle

>>49966802
i feel so poor making $130k salary, but then realize median is much lower, we're truly fucked

>>49966860
This is just the lumber all precut to build it yourself. You still need the land, foundation, plumbling, all other shit besides the wood the house is made of

>>49967775
if that's the case then i missed your point, and i'm still missing it because your written communication skills are absolutely terrible. are you ESL or do you suffer from some sort of learning disability?

>>49967873

its worth 1m because of the crap built around it. back then there was no crap so of course its not worth as much. the first homes in n.y. or l.a. were cheap and no one had any idea what the future held. there is some shithole town out there right now with $50k houses that will be the next big metropolitan hub

There are middle class people with sheds that are nicer than these huts

>>49963524
and boomers tell us we're entitled lmfao

>>49963524

>>49964169
And literally everything except computers were trivially expensive, after the oil crisis at least. In three years you could comfortably save up for and pay off a house and car fit for a family. The retards in government wonder why nobody wants kids, this is why. Human naturally want children until you stress them so badly. The average American feels like they have less control over their existence than the average Ugandan does.

>>49968563
the pinnacle of pilpul is assuming that declining birth rates is a natural and unavoidable consequence of industrialization, an obvious sign of progress and social/economic maturity.

the industrial revolution and its consequences have been a disaster for the human race.

>>49968446
Although not built to current standards, these homes were perfectly livable. Now you're not allowed to build anything like this. You have to spend, in relative terms, five times more per square foot. And a modern home doesn't last any longer. They decay within 30-40 years and need, around the time a mortgage takes to pay off. We're being fucked.

>>49968622
livable as in survivable, as in better than a tent in some ways
people don't need a bunker to last generations they need a comfy place to live an adult lifespan and these shitshacks ain't it

>>49968717
They were fine. Could have used an inch or two more insulation and a proper vapor barrier. They also usually did not have air conditioning but none of that is too expensive in relative terms compared to today. If you wanted a nice house it would have been closer to $15,000, which you could afford with another year of saving. Boomers have the idea that you can just save your way into a nice life because it actually worked for them.

>3 bed
>1 bath

I grew up in a home with this set-up and it was bullshit. Always someone in the bathroom when you want to use it and then people knocking once you get in the shower.

>>49964169
So roughly 110% of your income?? Most houses where i live are going for 350k plus, most are above 500k for the biggest shitboxes. I make 45k a year....so shut the fuck up

>>49964105
wages were like 1 dollar per hour retard. The same inflation will happen when youre an old man too, so better start buying

>>49969285
>being this retarded

>>49964105
More people with less space. Property values will continue to go up until this stops.

>>49964105
ok now tell us how much the cost of goods has risen

>>49966131
I wonder what happened around that time?

>>49964973
They didn't think at all. They figured, "This is how things are, and always will be."

>>49964169
>average income is 30k today, average house price is 370k
>average income then is 8k, average house price is 8k

so homes are only a little more than ten times as expensive now?

>>49968137
>there is some shithole town out there right now with $50k houses that will be the next big metropolitan hub

I don't think so, cities will just keep expanding into the surrounding area and swallow them up. The prime locations have already been decided. There was a time when the rust belt was going to be the new heart of the country, but then air travel happened.

Debt/:Leverage is an insideous scheme. Banks can extract insane amount of wealth by inflating the money supply, and then position themselves to profit handsomely once they deflate the economy. Inflation doesn't make a lick of difference to a bank. The secret is unironically to take your money out of the system once they are ready to collapse the market.

>>49964274
>1983
>dad buys our house from grandpa for $80k and 16% interest
>makes $18/hr sweeping floors at a factory
>pays it off in 9 years
>never upgraded anything
>worth $450k now

>>49965572
>pay $100k for a house
>proximity to make double the average euro salary

>>49965889
Less middleclass more democrat voters. And I'm not american, it's just simple politics, cause regularly more workers = more left voters

>>49969745

>air travel happened

yes and now wfh is happening. Nobody knows for sure, but it could lead to people in new areas no longer restricted by geographical proximity. There might another development right on the horizon that changes the game again. We don't and can't know

>>49968093
>$1k for a lot
>$1k for a full foundation
Good deal for a mansion

>>49965849
>do absolutely nothing substantial to improve your lots in llife

Keep getting more angry, this is enough.
At some point in time the idea of rolling out the guillotine and using it to collect the heads of rich people like Bezos or Musk will come naturally.

>>49969564
I have no clue, my dear.
But I guess it was marvelous.

>>49968618
>the pinnacle of pilpul is assuming that declining birth rates is a natural and unavoidable consequence of industrialization, an obvious sign of progress and social/economic maturity.
It works perfectly fine until you start importing tens of millions of third world foreigners that still act like savages and the government creates tons of social programs that are essentially generational ponzi schemes that require more and more people. The industrial revolution would have been amazing if the third world had 1/4 of its current population

>>49967775
Not his fault ngl, you type like a retard.
I'm an ESL faggot and even I think you could've worded that better.

>>49963524
>You were born too late to own property
>You were born too soon to live a life in VR world

I'm completely priced out of my own hometown. I grew up in a nice neighborhood in South Tampa and there isn't a single attainably affordable house here. I'm 24 and a full-stack software engineer and had to move up north to get a decent salary, I have literally no chance of affording a home in the neighborhood I grew up in unless I get a FAANG job or sell a unicorn. It's fucked

>>49970379
I was just looking at a house from my old hometown. It was 88k two years ago listed for 140k now

admittedly it was renovated but still

>>49968033
I do 155 in California and I live like a bum

>>49970401
that's nothing

>>49970450
well that's what Florida gets for being based

AAAAAAAAAAAAAAAAAAA

>oh hey this house is decent looking
>listed: 1 day ago
>74 watchers

OKAY

>>49970489
And what's worse - this is the house

>>49970497
exhibit a >>49970505

>>49970379
5 mil for this, lmao. Especially in the US.
I'm a greek living in germany and thinking about pissing off to 3rd world Africa or somewhere else, since EU seems to become 3rd world anytime soon, so why not at least have nicer weather and cheaper living with happier people.

>>49970583
dont do it. my parents left Zimbabwe for florida in the 90s and vowed to never return

>>49969816
>18/hr sweeping floors
>i just started making this much with a STEM meme degree at my company after 5 years there
>brb kms'ing myself

>>49970634
Man, certainly didn't have Zimbabwe in mind where there were fuckin outright wars between whites and blacks. Thinking more about something like ivory coast/ghana/nigeria, cocoa plantations and/or other stuff. A simple life with the capital I have.

>>49966131
Jews unironically did this to you

>>49968618
Based

>>49965889
Their original plan was to weaponize the lower to middle-middle classes. Saul Alinsky wanted to weaponize the "silent majority". Only problem is, the left failed to organize and mobilize these classes. And Trump has succeeded at it. They are losing.

>>49964973
There won't be any we to look back either end. Cyberspace is the finish line for this species and it's approaching faster than even zoomers spot it. Thanks for playing.

>>49970758
If you're legitimately thinking about Africa, East Africa is the only livable place on the continent. Tanzania and especially Kenya, namely. Have visited both. Kenya, especially Nairobi and the Happy Valley region are beautiful, probably the last safe bastion for white people in Africa aside from a compound in Cape Town or Pretoria.

>>49963524
Let’s math
1 oz gold was $10. Now it’s roughly worth 2k.
$8000/10=800
800x2000=160,000
These homes would be worth at least double that, in the ghetto.
>>49964169
1 year’s salary for a home sounds fair. We’re paying 10 years salary now.

>>49964169
ONE WHOLE HECKIN YEARS SALARINO OH NO!

>>49965153
Hedge funds barely existed and they didn't landlord

We need a graduated property tax based on number of properties owned. House 1 is normal rate, house 2 is double, house 3 is triple, etc.

>>49964169
I live in Russia and my girlfriend makes $10k in current year

>>49972914
Sounds good and all, but that would murder property development that would put more houses on the market.

>>49973088
empty houses should be taxed at triple the rate, either rent or sell.

>>49963524
Those homes are probably in neighborhoods infested with nigs now

>>49974324
SF just started that same exact policy. Since it’s already packed to the brim with multi story buildings, I can’t just suggest they build out and up, like everywhere else.

We’ll see how it backfires nonetheless.

>>49971384
No to Botswana?

>>49969816
>>49970742
>adjusted $53/hr for sweeping floors
I call BS

whats most horseshit to me is how bad its gotten just since 2019. I live in indiana and houses are pretty average as far as price goes here but I"ll look at a 250k or so house I like and look at the price history and it will be like 150k or 160k just in 2019. like wtf

>>49964105
every heard of bitcoin?

>>49964274
damn its crazy to think people this stupid browse this board. get help anon.

>>49963524
https://wtfhappenedin1971.com

>>49969919
tatcher came 10 years later than the events that caused this.

Early neolibs were monetarists trying to fix the inflationary post gold standard "system" by reducing gov spending at any cost.

The problem is the collapse of the base layer.

>>49966802
>>49968033
Income and salary are not the same thing.

>>49966131
Reminder that this discrepancy is due to machines, not workers working harder.
t. industrial engineer

>>49964973

In a vacuum a house is a stupid thing to invest in. Why would you invest in something that needs ongoing maintenance? Why would you invest in something that people can just make more of if there's demand? Above all else, why invest in something so cheap, and so abundant that everyone already has one (or more)? With houses so affordable the only person who would want to rent would be an exceptionally irresponsible person.

These house prices are unprecedented. People thought it would go on forever because there is no market reason why it shouldn't go on forever. Supply increases to meet demand, simple as.

>>49969725
>average house price is 8k
Source?

>>49969725
>average income is 30k today
Yeah, if you include children.
>average income then is 8k
5.6k actually. And that's if children are excluded.

Houses are roughly twice as expensive today.

>>49964105
Any time I see a broke boomer I marvel at how hard they must have tried to get through their whole life without acquiring any wealth. They had it so easy. How is it even possible?

Stop crying faggots.
Stop immigration, build houses.
When supply is more than demand the prices will come down.
If you get 6 million mexicans a year and only build 200k houses what do you think will happen to prices?

>>49964169
Okay, so 8k for the house and an 8k salary. In Hellbourne, my pre-tax salary is 80k and a 3 bed is 500k+. That's 6.25x my salary.

>>49963524
wait until you see what nat soc germany did for house prices, newly weds had 0% interest loan for a house and every child they had knocked off 25% of the loan

>>49965849
The average salary is less. But regardless;
>Average salary =/= the average's salary

>>49978721
>he's just starting to understand we've been generationally rugpulled
>repeat
>GENERATIONALLY RUGPULLED
>E
>N
>E
>R
>A
>T
>I
>O
>N
>A
>L
>L
>Y

>R
>U
>G
>P
>U
>L
>L
>E
>D

>>49964973
If buying houses to live in is affordable and common then rent is uncommon - which makes it a bad investment to purchase a series of houses to rent them out.

>>49963524
This is what bewildered boomer faggots and geriatrics think the real world is like right now, and they don't understand why anybody struggles.

>>49965849
>land you own, forever
This nigger ain't a homeowenr cause he's never heard of property taxes.

The government WILL seize your land and home if you fail to pay them yearly rent. You never get to own your own land, not in America at least.

>>49972780
>>49980725
>>49972458
>>49969197
>>49967092
A house was 30-100k in this area at this time where a typical salary was 8k. See
>>49964244

>>49978369
And instead of using the abundance created by machines to spread wealth and give people less work/more free time (((society))) decided to hoard all the wealth among the 0.1% and make people work even more.

>>49980981
>schlomo who cannot into math or finance shyly tries to lie to you

>>49963524
What if i told you the dream is still going, you're just not looking where you're supposed to

>>49980812
If only. It goes even further. They've rugpulled our souls. Faustian rugpull.

>>49981174
Haha yeah what could go wrong

>>49981099
>spaghetti straps

>>49963524
Another Boomer envy thread by people who dont understand what it was like to make 35 cents an hour..

>>49982919
bait
a
i
t

>>49969686
this
most boomers never turned their brains on once
they sleepwalked into riches and that's part of why they don't know what to do with it
all the wealth they were handed they have just squandered
honestly it's no wonder jews look down on everyone: every single american was given a golden ticket to generational wealth and almost all of them fucked it up

>>49975756
>No to Botswana?
Gaborone is 5 miles from South Africa. I have been detained for nothing by BW cops and border patrol because I was White. It's kinda surreal, like a dozen black dudes in uniforms just start chimping out in public, then suddenly your whole day is wasted. They know Whites can give large bribes.

If I went back to Africa I would either live in Luderitz or Swakopmund.

>>49963524

Why do tropical houses look so trashy and un-comfy?

>>49984845
because you fell for the "living in frozen hellhole is LE BASED AND WHITE" meme.

>>49964169
>ya these houses might look cheap but they actually cost almost a full year’s salary
retard

>>49963524
those shitboxes will look terrible after the hurricane season