/biz/ - Business & Finance

>>54509251
>and help from their parents
Must be nice to be non-white

>realizing your grandfather getting shelled out in Germany following a Great Depression will have a better life than you

They don't own anything, anon. They are renting it from the state/banks. Eventually, the state will take it back from the family in the form of unpayable inheritance taxes.

>>54509251
>Schulz
Is that a jewish girl?
>>54509327
Cope lol

>>54509327
>he's against inheritance taxes
Long live the global empire! Long live the hidden monarchy!

>>54509264
I'm an asian and my parent bought me a comfy apartment.

Isn't bootstrapping your own son literally common sense?

>>54509327
yep... all these people with low rate mortgages never accounted for everything else going up in price 2-3, 10 times or whatever inflation is gonna do. the reason they use mortgages is because they are the last thing people will sell off and default on... but "nobody" and i mean "nooooboddyyy" accounted for this. it's a ticking time bomb before MANY people realize they simply can't pay them off due to COL which will massssively increase. scary shit, and it's coming.

>>54509697
Inheritance tax is the worst tax of all.
Imagine that you start a business and it makes money. But when you die, you can't pass it on to your family unless they have cash on hand to cover it's value. They don't and are forced to sell it all to Blackrock.
Same shit with houses, real estate, gold bars, Bitcoin (kek, good luck collecting). Inheritance tax is literally theft. Worse than income tax, even.
And before you flap you gay lips about being rich, my country's inheritance tax kicks in at about $250,000 USD. That's like, half a house...In the US, at least you have a couple million before hitting the threshold. Tax thresholds can be lowered pretty easily though, anon. Remember that. They'll justify it to the sheep but your family will be who suffers.

>>54509251
>help from BOOMERS
lol

>>54509251
They don't make six figures, they are married

>>54509251
the subtext of this article is:
>"psst hey millennial, it's still a great time to buy a house! its toootally affordable, cmon just ask your parents for a little help"
another great piece of "journalism" from yesterday by this skunk bitch:
https://www.usatoday.com/story/money/personalfinance/real-estate/2023/04/06/zillow-increase-listing-sale-price-she-sheds/11608044002/
>add stupid hgtv/consumer millennial trends to your home (that ostensibly add no real value) to artificially inflate your listing price

>>54509751
Best thing you can do for yourself is accept that you will never be rich and stop advocating for positions that benefit them. I would support a 100% inheritance tax.

>>54509898

You're a marxist loser so I get this is difficult to grasp but you are removing incentives from productive people with an inheritance tax.

I am economically independent and I am only working so that my blood line will be as well. My children will harvest your grand children for spare parts.

>>54509719
Lots of debtors are going to get fucked in the next couple years. Means there will be cheapies to scoop if you have the liquid on hand.

>>54509963
Same. If there was a 100% inheritance tax, I would stop working in approximately 4 years. You'd have to put a gun to my head to work for nobody's benefit but the state, the only reason I'm not a neet is because of legacy. I'm actually an incredibly content person, I think my peak happiness costs about £30 a week all in.

>>54509251
You're not alone but I wish you were
I had the artificial taste of wealth and homeownership from the crypto bull, now I'm castrated and relying on handouts while I try to figure out a career as a middleaged neet
Mumu will save me eventually but in the meantime life blows

>>54509898
Everyone starting from 0 sounds pretty based to me actually.
>>54509963
>inheriting millions from your parents means you're "productive"
So basically you're admitting your kids couldn't handle playing on an even playing field(which is probably correct considering how retarded their dad is).

>>54509251
i bet the vast majority of them will default on their mortgages when the Great Fuckening hits here in a month or three.

>>54509251
This is a top signal. They've trapped everyone in, we can proceed with the bubble bursting now.

>>54509709
White Boomers don't have common sense.

To them their kids are just strangers they sadly have to feed and house until they turn 18.

>>54510076
>even playing field
doesn't exist and never will
>>54509898
why wait until death? Why not confiscate half of all wealth every 10 years? You know, to keep it fair. Or why not 100% wealth tax every year? That would be a nice level playing field. Why are citizens even allowed to own (hoard) wealth at all?

>>54510253
You libertarian dumbasses think the gov is out to get you but it's actually the only mechanism by which normal people have any influence without using violence
Trying to aggressively minimize state power only creates a power vacuum for corporations to occupy with little oversight
Governments need to be bigger and have more power yet distributed across more people
Look up the permanent apportionment act
To match the number of Congressmen per person (equal representation) we had in 1900, we would need over 6000 people in Congress today
These types of changes are impossible because a huge sector of the population has dedicated themselves to superficially minimizing the appearance of government power which actually serves to strengthen and consolidate it in the hands of a select few

>>54510696
are you saying corpos and gov don't work together? they aren't merely partners when it's convenient, they're all in globohomo together

>>54509251
>just about a half of middle aged adults aren't homeless
So this is the first world wealth I keep hearing about

>>54509719
Damn that’s crazy, looks like rentoids win since rents are not going to increase unlike fixed rate mortgages
>wait

>>54509963
Should children also inherits debts?

>>54509251
>52%
>'most millenials'
>help from their parents
kek
millenials are at least 27 years old (up to 42)

>>54510191
>>54509709
My mom literally stole money from me kek.
>where are the grandkids
I never got to be chad so I'm going to pass on the "beta dad bux" thing, sowwy.

>>54509327
What will actually happen, assuming they don't get foreclosed on, is that 37yo hoomers will become the new boomers and tell everyone they just needed to bootstraps and they'll be rich too.

But by the time the kids of muhlennials are adults in 2-3 decades, they'll find that credit has become completely unavailable for their generation. Future zoomers (foomers?) will shit on their parents telling them they lived through the Trump economy bubble and the free money 0 interest loan era so of course it was easy for them to qualify for loans for college and a house.

People will generally get poorer.

>>54509963
Based

>>54510931
>literal mouthbreathing retard seething that anon wants to leave his money to his kids

>>54510076
>handle even
In an actual marxist society the government would ensure every proper worker was given a house anyway you stupid kike, there's no such thing as an even field- either someone gives it to you or you're fucked. Now fuck off and seethe some more.

>>54509709
yeah, this is normal
when "people" here complain about "white" boomers they're ameriburgers in disguise acting like their diseased muttoid culture with 30% african dna is the norm amongst actual white people

>>54509264
Slavs and asians have it way easier than white people.

>>54511073
>Slavs have it easier
Yes, all those pitch black Croats buying up all the stuff and getting all the privileges

>>54510980
I'm sorry that you are too stupid to understand basic economics.
It's either debts and no inheritance tax.
OR
no debts and inheritance.
Even a monkey can understand it.

>>54511813
I was going to snark but I realized you're probably actually jewish so you can fuck off to israel and suck my nuts on the way out, chaim.

>>54511058
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4289685/

American website

>98.6% European ancestry among white americans
>literally more european dna than people in eastern europe

>>54511924
That European ancestry being also part eastern european

Anyways, 4% of common ancestor dna shared by a person in Hamburg and in Tunisia might just be
1. Coincedence
2. Norman kingdom in Tunis in the middle ages
3. Slave trade or trader settling somewhere far away
Does not mean you are 4% Tunisian.

My family is all Croatian, my moms cousin got his test as a joke and it said he is 8% or whatever Ukranian Jew and 5% Romanian Vlach. Maybe some ancient tribe Croats met in his region moved here and there before or during the Roman times, maybe Slavic Croatian tribe moved here and there
My aunts housband has some Serb blood. Everybody else never mixed with any non Croat ever. In 100 years there will be asshole saying my descendants are 5% Serb because I share my grandpa with them.

>>54510696
Actual good post

>>54509719
>everything else going up in price 2-3, 10 times or whatever inflation is gonna do
>it's coming
>weimar weimar muh weimar
>everyone will be poor and then race riots will happen and I will execute them in the street and finally have sex!

RENTOID COPE THREAD

>>54512024
Terrible post and literally a dime store frog. Lurk 2 years.

>>54510722
No the government is clearly on the Side of the People (TM), elizabeth warren said so.

Unironically how is any of this possible when more people than ever are being laid off, workforce participation is at all time lows, companies constantly ghost potential recruits, debt is at an all time high? Someone's lying.

>>54512119
maybe it's because your perception of reality is fucked, because you don't go outside

>>54509251
If you bought cheap you don't need to have a good job.
High house prices is how they force us to work more for the same thing.

>>54510696
>normal people
>influence

>>54512134
I went outside literally this morning and it was sad looking middle aged white guys working at the Wegman's. So what did that tell me about the world?

>>54510696
you didn't answer my question. Why let private citizens hoard wealth at all? If the government is or can be made benevolent, while private ownership always leads to corruption and cartels, then the logical goal should be near-100% confiscation of wealth into public coffers. Regular liquidation of rich citizen's assets will ensure that they cannot do any harm to society, and will give gov maximum power to provide social goods. The cap on wealth should be 100k not counting primary residence (which will have its size capped also). No one needs more than that. The rest belongs to the gov, which will use it wisely and correctly because there are 6000 reps and therefore gov corruption won't happen because... It just won't, okay?

>>54509719
>COL
Collateral?

>>54509898
>I would support a 100% inheritance tax.
THIS but only if the inheritance gets redistributed immediately to the community through some fair and open mechanism.

>>54513408
cost of life

>>54511813

What argument are you trying to make with inheritance of debt?

The net of assets and liabilities is inherited, and if the estate has a negative net equity position then the creditors take the loss.

So in all cases where there is an inheritance, the debt is already paid off.
I dont get your point.

Very few Millenials/Zoomers are making even 60k, and most are in debt to pay rent.

>>54514284
source: your ass

>>54512119
Something doesn't add up

>>54509251
Welp guess I’m in the bottom like you anon.

>>54514284
>>54514467
If you actually read the article it says people in lower cost of living states in the south, where they actually build housing and promote young white people buying housing, are more likely to own houses and have kids. 60k is nothing in new york city but is easily upper middle class in tennessee. Population weight means most people still live in old big cities like shitcongo or san homosexual but the weight is rapidly shifting as 30-something millennials move southwards, away from places like colorado that gen x used to swear by. Part of the larger map is that birthrates are up in the low cost states, but down elsewhere. Blue states are fading due to crap wages and high cost of living, no one there is having kids. DC is like 70% 30-something women crying they can't find a boyfriend. Pump and dump.

>>54509251
>greater share of homeowners than renters
Lave the part out that says +50% of Millennials live with parents.
there are 85 million ppl in the US between 25 and 44.
35 million between 27 and 42 own or rent a house.. safe to say the majority are homeless, in prison or live with parents.

>>54511987
>My aunts housband has some Serb blood
Pig-whore.
>>54512119
>Unironically how is any of this possible when... debt is at an all time high?
What a braindead non-question. You have your answer.
https://youtu.be/M_3T-Af57Pg?t=87

>>54509709
My parents make a combined 180k and refused to let me move back in after I became unemployed.

>>54509251
>Got money from parent's!
>Finally locked in that 30 year mortgage at 35 years old!
>I'll have this bad boy paid off by the time I'm 65!
Hope no one forgot how old millennials are now. The fact that they're praising this is grim.

>>54509898
Redistribution among your city is the best use of inheritance taxes. After all, the only reason you become a person With intergenerational wealth is from being a parasite. Nobody earns intergenerational wealth through hard work, the hard work is done by others for you.

>>54510076
Based wealthy parents of kids can suck a million dicks. The sacrifice for being a billionaire parasite is that your bloodline ends when you die. It’s only fair.

>>54510722
Neoliberalism made it to a point where the government was overshadowed by the power of the private corporations so they had to pretend like they were working with them when the politicians were actually their puppets for the past 40 years.

>>54509719
Haha yeah man. You and me will have the last laugh. We will sit in our apartment s and wait for the huge crash and then buy. Everyone is going to get wiped out. We will buy a home for less than 100K.

>>54510961
Sadly the truth. A lot of anons do not realize this is the best it’s going to be for a while and it’s just a slow grind from here.

>>54509251
my boomer dad only owns property because my grandfather/silent gen dad slaved his whole life and invested all his money into property. my dad wasted his 20s partying then settling in some shitty $30k/yr clerical roastie job and never bothered finding better work for more income because our rent was subsidized by my grandfather. later he guilted him into giving him a house as an early inheritance when he grew senile.
now he larps as self made on facebook and told me to earn my own shit. boomers are fucking scum.