/biz/ - Business & Finance

>>51134828
stop being poor

>>51134828
What, you don’t have $86,000 just laying around?

>>51135297
OP is poorfag waggie. She likely works part time at McDicks and rents beyond her means. She has no one to blame but herself for being poor.

>>51134828
>fruitland park
boomers from NY or NJ will buy it np

>>51135316
Op really is a stupid fuckin cunt.

Look at this shit, price drop $40,000

>>51134828
nigger that house is right in commuting distance of orlando (the fag haven) and disney world and you need to remember your state has what, like 21 MILLION people. Jesus christ. My state has 3 million and I think it's overpopulated. I have one word for you. FUCKING

M O V E

>>51135337
In my state you can get something a lot nicer for 400k and if you make it in crypto you can buy a brand new mcmansion with 15 acres right outside of the city for 1/8 of the cost in a coastal state. But no. Don't move here. Stay in your containment zone. I will continue to live here and take vacations to wherever I want, which will NOT be orlando by the way. I have been to disney world three times unfortunately and everytime it became more brown, more crowded, and shittier. Literally shittier.

>>51134828
Eat shit, OP.

>>51135350
$400,000 buys you 10 acres of Vermont green mountains. Pure magic.

>>51135297
>>51135316
Post your bank account or portfolio right fucking now. Time stamp it too.
Otherwise, fuck off you fucking niggers.

>>51135373
SHUT UP DON'T TELL THEM

Lel, media house in vegas like 490k a couple months ago. Gone down like 20 or 30k, but still 4x price in 2012

>>51135402
Give me a job at the sugarhouse and I’ll keep quiet. Deal?

>>51135336
>price drop $40,000
What was the price in 2020?

>>51135373
Taxed out the ass and no jobs though

>>51134828
i live in a MUCH shittier 1700 sq ft house in los angeles thats worth 800k right now.

>>51134828
The problem isn't the market, it is dumb policies.
The US city planning strategy is taken straight out of age of empires or some shit. It is the worst ever made and nobody is trying to fix it.
The price of the homes aren't the issue, it doesn't matter if they cost 300k or 2M.
The problem lies entirely with zoning laws. Let's say someone bought that property in the video and built homes for every single one of those parked outside.
Now they don't have to fight each other and they can just buy an apartment each.
This means that the price isn't just whatever the richest person can afford and we can go back to "is this even a good neighborhood?"
But you can't, because some dumbass decided this lot was meant to be a single home. So no converting it into an apartment complex, no converting it into a store so people want to live nearby it, no improvements whatsoever. You can only have this single home, maybe expand it so it becomes bigger and more expensive.
Zoning laws are the number 1 reason the environment is suffering, it is why you can't afford a home or why even though you make good money, can't save more money. It doesn't matter which side of the political spectrum you are on, you should be in favor of less regulation on this issue.
I don't know if you just need to start over in a new map, but this is fucking insane.

>>51134828
>all those people buying the top

>>51135337
>FUCKING
>M O V E
Where?

>>51135575
>remove zoning
>new land appears in downtown areas out of nowhere like magic
And if you're referring to suburbs, zoning and high prices is what keeps criminals out of your neighborhood. It's unfortunate that such criminals are allowed to exist in our country to begin with, but as long as they do, no zoning means constant white flight and suburban decay.

americans always brag about their salaries starting at 50k and reaching over 100k, not to mention wfh jobs some have here. You don't need a house as a single person and a couple each making at least 50-60k should afford this

>>51135337
Move where? I agree except without all the cussing.

>>51135361
A rusty mobile in a 55+ only allowed community is 69k. That is your example.

>>51135575
Communist detected

>>51136514
They let foreigners come in, took our jobs, gave jobs to the foreigners instead

>>51135336
Whats wrong with it

>>51137132
dey took are jawbs!!

>>51137160
You mock me but it is true. The media put out the idea that we are just dumb rednecks to cover what they did.

>>51134828
0.5 mln USD is enough to retire in most places of the world, instead of buying house you will hate move to beautiful place around nature and chill on beach in Thailand. House you don't rent is not an asset but a cost. You could spend 2000$ per month for next 20 years for this money to run out in Thailand or Vietnam, and it's only if you do nothing for 20 years.

>>51137188
Why would I want to go live with a bunch of foreigners, no thank you

>>51135297
I know a guy who retired at 25. His parents paid for everything.

>>51134828
I have a 1960s, 1,600 sqft ranch house with a 2 car garage and 1/2 acre in Raleigh NC area and it's $550K which I bought for $400K in 2021. It's not going down over time. Lots of new McMansion developments with 3,500 sqft but no outdoor space and shitty locations. Apple, Google, tech companies, financial services and banks and Biotech in the area.

>>51134828
I have a 1960s, 1,600 sqft ranch house with a 2 car garage and 1/2 acre in Raleigh NC area and it's $550K which I bought for $400K in 2021. It's not going down over time. Lots of new McMansion developments with 3,500 sqft but no outdoor space and shitty locations. Apple, Google, tech companies, financial services and banks and Biotech in the area.

>>51137218
If you live in the West and you are not a shitskin you already live around foreigners who hate you

>>51134828
>>51137257
there is always a shortage of houses in areas in safe areas with jobs and good schools. you get a house in those areas and housing only goes up because money supply inflates like crazy. high incomes go up higher. even overall, housing has only gone up because money supply only goes up

House prices went up for 20 fucking years during 1970 to 1990 and it was only a slight dip. 20 fucking years during a high inflation period while interest rate sky rocketed to 18%. If you ignore the slight dip in 1990-1991 it actually pretty much kept going up until 2006/07 and even that 20% dip recovered in a few years and 2006/07 prices looked dirt cheap in a few years. In the past 90 years we have had 20% crash once.

> Year |Increase| Interest Rate
> 1971 | 6.69% | 7.54%
> 1972 | 14.51% | 7.38%
> 1973 | 16.44% | 8.04
> 1974 | 9.41% | 9.19%
> 1975 | 10.75% | 9.05%
> 1976 | 10.44% | 8.87%
> 1977 | 13.41% | 8.85%
> 1978 | 14.34% | 9.64%
> 1979 | 6.10% | 11.20%
> 1980 | 6.07% | 13.74%
> 1981 | 6.02% | 16.64%
> 1982 | 1.70% | 16.04%
> 1983 | 6.01% | 13.24%
> 1984 | 5.27% | 13.88%
> 1985 | 8.64% | 12.43%
> 1986 | 9.45% | 10.19%
> 1987 |17.37% | 10.21%
> 1988 | 2.15% | 10.34%
> 1989 | 9.57% | 10.32%

>>51134828
This is cheap, anon. A 2 bedroom flat in the south of England is about that price. A house like that one in your pic would be about 1.5M easy. Prob more like 2M

>>51137257
>it's $550K which I bought for $400K in 2021. It's not going down over time.
who is going to tell him?

>>51137257
These technocrats are destroying America

>>51137268
Nice demoralization attempt

>>51137308
what is inflation? what is money supply? what is supply? what is demand? what is the historical trajectory of asset prices?
>>51137282
>House prices went up for 20 fucking years during 1970 to 1990 and it was only a slight dip. 20 fucking years during a high inflation period while interest rate sky rocketed to 18%. If you ignore the slight dip in 1990-1991 it actually pretty much kept going up until 2006/07 and even that 20% dip recovered in a few years and 2006/07 prices looked dirt cheap in a few years. In the past 90 years we have had 20% crash once.
imagine being a rentcuck waiting for $13K houses to come back again

>>51137282
Where I lived was a poor, safe redneck area that is suffering from liberal gentrification.

>>51137303
We aren't supposed to be like other countries. This is America. We are free here. No disrespect meant, just stating fcts.

>>51134828
OMG ITS CHEAP TO BUY HOUSES IN LITERALLY BUMFUCK NOWHERE WHERE THERE IS LITERALLY 1 JOB AS A CAT DOCTOR AND YOU HAVE TO COMMUTE WITH YOUR CAR FOR 10 MILES TO WORK AND THE GORCERY STORE PAYING 50 GRAND PER MONTH IN GAS

>>51137371
>1970s
Its amazing how much damage libs have done

>>51137397
When Trump was President, gas was $1.45/gal

>>51137156
Its in the absolute middle of buttfuck no where.
Look up sheldon vermont. Its like buying land in the middle of missouri.

The closest cities are either faggots or niggers.

>>51134828

Get on our level you pleb

>>51137440
it's not Vermont

it's Valifornia

>>51137371
your house is going to lose 50% of it's value and you'll be so devastated you won't even remember that I was here to tell you

>>51134828
there is extremely minimal market activity in most places. if you wanted to move, the past was a better time to do it. people with fixed rate mortgages will be fine if they dont lose their jobs but with the way mortgage rates are right now for new purchases, there won't be high levels of activity unless prices are a lot lower

>>51137491
> tech jobs paying $80K 10 years ago are now paying $150K
> Apple and Google are building campuses in the area with the minimum salary of $200K
chances of my house losing 50% of its value are zero
retarded rentcucks
> didn't pay $13K for a house in the 1960s
> thought $70K was a bubble in the 1970s
> could never afford $140K in the 1990s
> still only could afford to rent when housing crashed from $320K to $250K in 2009

>>51135373
Have fun freezing you dick off every winter

>>51137554
>rentcucks
I own outright
i can only hope your retard brain flashes the memory of me telling you the bubble is coming and you say out loud
>fuck, that faggot was right
immediately before you kick the char out from under you

>>51137600
>i own outright
>thinks his property cant be seized at any moment by the gov

>>51137698
This isn't China lmao

>>51137600
> repeated cope posts of impending real estate bubble
> claims to own outright
nah, you're a retarded rent cuck faggot

>>51137728
>nah, you're a retarded rent cuck faggot

>>51135297
It's called saving my dude

>>51134828
The average home in the 50s was about 1000sqft with a one car garage maybe stop trying to live so far outside of your means

>>51135398
>1 post by this ID
>REEEEEEEEE DO WHAT I SAY RIGHT FUCKING NOW
No. I don't think I will faggot.

>>51136437
Somewhere more affordable you dumb ape.

>>51134828
My parent's house looks a lot like that and a realtor has been trying to get them to put it on the market for $850k
They bought it brand new for $350k.

That just tells you how much wealth boomers are hoarding, so once they start dying off, we're going to see a windfall of cash rushing into the markets

>>51137107
>OMG WHERE WILL I LIVE IF I CAN'T HAVE A MCMANSION IN AN EXPENSIVE PART OF TOWN
You are poor and houseless because you are retarded.

>>51134828
430 is fair for 2k+ sqft. Naples is much worse than your pic.

>>51134828
That's a million doar house in my area.

>>51135575
nobody wants to live in an apartment dumbfuck
the problem is housing and foreigners buying up properties left and right and squirreling them away until a crags happens then they sell for whatever because LOL WE MADE MONEY HAHA HERE'S YOUR SHIT BACK
if you aren't American you shouldn't be able to buy property in America. it's plain and simply but if they stop that the housing marked will crash 2008 on steroids style

>>51134828
It will burst in real terms, meaning prices of everything else will just catch up. It’s not actually going down in any significant nominal way.

>>51137421
When Trump was president, the president didn't control gas prices. Still true now.

>>51138802
ye ait will a lot of the boomers that post here have no. idea what's going on but there's already bills in congress by Ossof that are working to ban foreign and companies from buying homes which will free up a fuck ton of supply. come January I expect housing in a lot of areas to correct by 40% or more if you paid 300k for a 1600 Sq ft house you're going to be PISSED when you see it go for 220-230 in January
gonna be a fun time

https://fortune.com/2022/08/26/housing-marketcorrection-intensifies-blackstone-to-stop-buying-homes-in-these-housing-markets/

>>51138811

He does control things like permits for oil drilling on federal land, though, which Trump's admin was far more permissive on and does affect future and to some degree current gas prices.

Also $430k for 2.5k sq ft doesn't seem too bad.

>>51137168
If you're competing with foreigners for a job, that's because you are a dumb redneck. You're from here, why are you fighting for fruit picking and toilet cleaning jobs.

>inb4 muh h1b's
Those are bottom barrel coding jobs akin to data entry. Do better.

>>51138834
Your writing is illegible.

1. Ban all non-citizens from buying residential properties
2. Deport all illegal immigrants
3. Depart all Chinese for being 5th column agents and spies
4. Ban corporations from owning residential properties
5. Mandate a cooldown for buying/selling properties

>>51138856
>political bot/shill paid to instareply to political responses
That is one of a myriad of aspects that co ntrol gas prices and it's not even close to being a significant one. Pretending it is is just plain lying.

>>51138865
if I spoke like this OOH OOH AH AH
would you understand better nigger?

>>51138867
>communism
ok commissar plan my economy

>>51138911
Is that your native tongue? I figured you were ESL.

>>51138917

You will serve on the firing line for being Chinese.

>>51138927
ah yea a boomer who is about to lose a fuckton of money
GET FUCKED BOOMBOOM AHAHAHAH

>>51138601
Still here faggot. If you're gonna talk shit, at least back it up. Otherwise, you're no different than a nigger.

>>51135575
people pay a premium to get away from blacks, its what drives the US economy

>>51137596
That’s what keeps shitskins like you and the white trash away. Is self selecting.

>>51137116
why is 55+ only allowed? is this boomer regulation propping up the property values?

>>51134828
You think that's bad...
https://www.zillow.com/homedetails/4684-Ingram-Ct-Boulder-CO-80305/13184830_zpid/

>>51138514
They don't make small houses anymore which is especially hilarious given nobody has kids. 3500 cardboard mcmansion for one kid and their 2 cats and 1 dog. Never stop being in debt. Consoom.

>>51139613
Bill Clinton passed a law saying age discrimination is acceptable if you're old and discriminating against young people. There's retirement communities all over the country where you can get a decent manufactured home or even a nice condo for 25-50% of market value. Very fair, very fun.

>>51135575
People in America don’t want to live like subhumans packed into sardine cans, Anon, they want single family homes with no landlord and nobody in the building except them so as not to disturb privacy. The issue isn’t zoning laws, it’s that our immigration policies are outpacing construction. If you were to deport the third or so of the population that doesn’t belong and prohibit foreigners from buying American homes, there would be a single family home for everyone.

>>51136437
texas

>>51140022
>wants to live with lazy white people, niggers, and cheap boomers that don’t want their precious FIXED INCOME! Social security checks to be taxed.

Fuck that, plablo.

>>51134828
2 more weeks

>>51135361
>on rented lot
yeah, fuck that

>>51135373
holy holies that does look like heaven

>>51134828
>Feb 23, 2022
You goddamned moron.

legitimately thinking there’s going to be le epic housing crash is a great indicator that you’re a fucking brainlet

>>51138634
The death of the Middle Class will be complete after liberals.

>>51138645
I guess asking for safe streets is asking for too much Thank you liberals

>>51138688
This statement proves how bad lib gentrification has gotten.

>>51138787
Fact.

>>51138811
Lmao are you joking?¿???????????????

>>51138858
Wow, I really haven't read anything this dumb in a while. ALL jobs are for Americans!

>>51139613
Its a way to keep things safe and quiet, yet affordable, keeping out teens.

>>51140737
>>51140676
>>51140662
>>51140650
>>51140643

>>51135373
400k usd in the uk gets you uh... nevermind, i need to find a rope

>>51139655
All to live near a bunch of libs?????

>>51139757
>They don't make small houses anymore
>this is somehow bad lmao
China detected

>>51139963
Thank the Liberals

>>51140758

>>51140832
gjge

>>51140838

>>51139655
>price cut 72k
corrections in the market are going to see fantasy land prices fall a lot harder than the slightly overpriced houses