/biz/ - Business & Finance

>>55103554
Yeah, it was shortly before the waves of migrants arrived

go win a war then you can say you're entitled to housing buddy

>>55103664
Where do you live? I declare war on you

>>55103554
I’m not 50 years old so no I don’t remember when housing was affordable

>WEF on globalism
>Some of you will suffer, but that is a sacrifice that I am willing to make

>>55103968
I mean, if it's going to happen then there's only one logical goal.
>become 'I' instead of 'you'
Problem solved.
For 'i' and not 'you.'

>>55103554
No not really

>>55103554

My dad was making $15/hr in the mid-late 80's driving a propane truck, delivering propane to gas stations. You could buy a mini-mansion in Ohio for $90k in 1990. Imagine that...

>>55103554
Doubt you remember it, you think a decade ago was affordable but have no idea how affordable it once was

>>55104110

Forgot to add. A mini-mansion in Ohio now is like $700k.

you can buy a condo in thailand and own it free and clear for about 100k anon...

The 1990s was the last time home ownership was truly affordable

>>55103678
it was affordable as recently as 2018/2019.

>>55104211
>~$320k median sales price @ 4%, 20% down
>$1200/mo mortgage
>~$420k median sales price @ 7%, 20% down
>$2250/mo mortgage

so basically i've seen mortgages do a 2x over the past 3-4 years.

>>55103554
People who whine about house prices are usually the same type of people who couldn't put together a down payment if it was 10% of 50,000.

>>55104230
most of the people whining were starting their career in 2019 and are now positioned, via career advancement, to afford a home.... if prices didn't do a 2x over the past 3-4 years.

>>55104226

Most people are screwing themselves without even realizing it.

My buddy bought a $170k home, with 5% down, at around 3.2%. Yet his mortgage is still like $1,200/mo for the next 30 years...

>>55104239
how does the math on that make sense? 95% of $170k is $162k. at 3.2% for 30 years, his payment should be $700/mo.

>>55104239

At least that's what he told me. I'm pretty sure it's actually a 15/yr mortgage. His wife did it because he doesn't understand any of that stuff.

>>55104260

>>55104261

>>55104261
>His wife did it
big mistake...

>>55104283

I think it's only a 2 bedroom and they are having a kid soon too.

>>55104131
And a propane truck drivers salary is still the same

>>55104239
I wish I could get a $1200 mortgage, that’s my rent

>>55104261
Any man that lets his wife do the finances is a retard. Doesnt matter what year it is.

>>55103554
It's still affordable in Russia

>>55103554
I’m 29, so no.

>>55104589
my mom does the finances for herself and my dad. she's pretty smart with money and does budgeting, especially when my sister and i were kids and money was a bit tight. but yeah, most women are absolute retards.

>>55103554
the u.s. fucking sucks

>>55103554
yes but i was mostly on drugs during that time

>>55104239
>Yet his mortgage is still like $1,200/mo for the next 30 years...
Unironically a good deal if it's a house since my rent for a 1 bed apartment is more than that.

>>55103554
>Remember when housing was actually affordable?
I'm not 70 years old, so no

>>55104110
Fuck you cocksucker. Ohio is still very affordable compared to the rest of the country.

>>55104158
Do you have to pay HOA fees aka suck tranny cocks?

>>55105902
Because Ohio's economy sucks. Housing has always been a reflection of the local economy.

>>55103554
Yeah, sure. I bought my house 20 years ago and I could afford it. Even back then most of you wouldn't have been able to afford a house though. Single neets have never made enough money for a house.

>>55104110

>>55103554
When America was still acting like it was on the gold standard

>>55103554
When I was too young to think of buying one.

>>55106426
Utterly demoralising. Boomers rugpulled an entire generation.
:(

>>55106447
Eat the boomers.
So many of them think it’s not their problem since they will die soon; they are disgusting creatures.

>>55106474
>So many of them think it’s not their problem since they will die soon;
It literally isn't our problem, because we literally will die soon
>they are disgusting creatures.
and you're an angel with farts that smell like roses

>>55106447
now go to work

>>55106478
Enjoy the niggers at the nursing home you kikeloving piece of shit.

>>55106502
I have a feeling no matter how bad my death is, it will still be much better than your life.

I don't envy you fucks, but as long as you keep blaming us you will never fix the problems you're facing. And no, we didn't irreversibly destroy the planet, the economy, or society. The only place we really fucked up is in raising a bunch of whining permanent dependents who can't take responsibility or action. But you'll grow out of that once we're gone.

>>55103554
I'm just old enough to know what it was like but not old enough to have been in position to buy at the time before it all went to hell. My dad sold his very nice duplex for 90k. NINETY FUCKING THOUSAND. The price on that property now? 450k.

>>55107685
nice apu

>>55104211
when I graduated college in 2014 and started working in DFW, a coworker of mine who was only one year older got pre-approved for a mortgage and bought a house for $180k. There were lots of houses for sale and he bought a cheap one in a nice neighborhood. I told him he was crazy to spend so much money on a house at 23 years old. Now he's 32 and his house is worth $500k. And he's been making thousands per month AirBnB-ing it out while he lives elsewhere. Crazy how good of an investment houses were a decade ago.

>>55103554
House was never affordable. It’s an illusion that millennials think is new to them. Truthfully it’s always been hard to own a home in any time period of this country. It’s just seems this way because everyone is on tiktok is crying how eggs are $8 a carton. Egg and other goods have always been expensive. Millennials and now zoomers want to have the limelight of “woe is me” bullshit. Life’s ALWAYS BEEN HARD. Boomer didn’t have it easy, OKAY.

>>55105924
Low and behold, an outdated map. It's much worse now - most especially in Atlanta area where I've been recently.

A house that should be $200k in west cobb now start in the 600's MINIMUM.

It's truly a dystopian nightmare we're living in now.

>>55107920
>Boomer didn’t have it easy, OKAY

Only in their own mind. If boomers were in millennials/zoomers shoes these days, they would literally rope. Not even exaggerating on that either - I've seen what they're like when even the slightest economic hardship hits them. It's astronomical entitlement to the likes you've never even seen before.

>>55107920
>Owning a home used to cost 2x the yearly salary
>now costs 15x the yearly salary
>muh eggs always cost money
being just 10% less retarded would take you much further in life

>>55107920
>Eggs used to cost 8% of a minimum wage
>Now it's over 50%
Neck yourself boomer.

>>55108066
most of the boomers alive right now were in elementary school when that statistic came out.

and it wasn't even true then. Houses didn't generally cost that much and wages weren't nearly that high. The average is thrown off by extremely high wages and prices.

boomers automatically understand stuff like that because we took math classes back when they actually taught you math.

Houses on my parents' street have gone from $140k in 2019 to $200k today and they live in flyover rust beltville on a street where houses are like 1000-1200 SQ ft. $200k in a place that hasn't had a good economy in 20 years. It's wild.

>>55103554
No. I am not 90 years old. You?

>>55108214
you cannot seriously be that dumb, is this your first time ever hearing about the housing market?

>>55108405
is this your first time hearing about averages?

>>55108415
>nitpicks a single thing on a single chart
you are dumb as fuck. Normally i wouldnt care, but the issue is a functioning democracy requires a middle class. Uneducated, impoverished masses is how we wind up with a country of aristocrats and niggers. Id say maybe you could try for the former but we both know youre the latter

>>55108415
I could post these all day faggot, and they all same the same thing: Boomers were handed the most prosperous nation in the history of the world and gorged themselves until they ruined it. Now they use what little political power they have left to defend a social security system they didnt pay enough into but plan on raiding anyway

Remember when your mom was affordable? Neither does your dad, after that 20 year alimony divorce

>>55103554
Housing was never affordable. You always had to save the biggest amount of money you could for a deposit. You always had to earn as much as possible to service the loan. You always had to look at ways to make it work, eg get a flatmate.

>>55108442
>>55108474
>failed math

>>55108620
You def are a boomer, incredibly good at burying your head in the sand when you get information you dont like

>>55108691
in an average, are half of data points above the average, half below, or neither?

>>55108490
basically no one gets alimony for that long, stop getting your information from andrew tate

>>55108702
t. Son of a whore

>>55108701
Thats why the second graph is using median you stupid nigger. I catered the information to your sensibilities and you still think you got a slam dunk via nitpick

>>55108712
I stopped reading your posts after you failed to understand what I said about averages

I figure if you don't innately understand the problem, you're fucking retarded. And I don't care what some fucking retard has to say.

>>55108722
>not reading, you didnt answer my dishonest question to my liking, so now i think ive derailed the conversation enough lalalala
ahhhh i accept your concession loser. Go eat shit. I hope zoomers decide to rework social security and throw you and the fat mother you live with out on the street. Housing has skyrocketed relative to wages because boomers are too lazy and myopic to vote for anything that doesnt put money in their pocket at the expense of others

>>55108746
>you got rich off houses
>I hope they cut your SSI which wouldn't even pay a mortgage payment.
kek
the absolute state.

I'm retiring off my house, not social security.
and you or some other idiot just like you will finance my retirement.

thanks.
stay bad at math.

In Ontario I locked in a 2.6% mortgage in '21 on an old ass farmhouse that's going to outlive every single new build in the area. Literally the only thing I could afford and now the valuation is up $180k.

I want them to pump even more indians in here so I can leverage this dump as much as I can.

>>55108405
lol at the fucking losers that went to school when all they had to do was buy 2 houses and pay the mortgages down with a bartending job and some freelancing gigs online.

>>55108415
retard

>>55109677
Housing has certainly gone up, that's how I made my second and 4th million dollars

but if you think that 1971 AVERAGE is representative of the median you are a fucking moron

>>55109677
>>55109692
also if you think the AVERAGE, or even the median,
is representative of the low, you're a triple dipped double turbo retard moron.

>>55107960
Atlanta’s issues aren’t total supply related per se. It has more to do with the fact that you need to pay a premium to live in a (somewhat) White area. There are plenty of affordable neighborhoods and cities in the metro area but they are all 80% black. A nightmare indeed.

>>55109692
>>55109703
holy shit lead gasoline really did give boomers brain damage, what the fuck

>>55104110
>>55104131
Yeah, but then you'd have to live in Ohio and no one wants that.

>>55109873
>eat lead all my life
>still understand stats way better than the faggots that squirted out our balls.
sad really

>>55109895
You ate gasoline?

>>55109895
>eat lead all my life
have you been shot multiple times or are you fantasizing how you want to go out?

>>55103554
>remember watching shows on TV and seeing regular people with regular jobs buying a house, car, wife, kids
>cant do any of that unless you make $200-150K
>only 32 years old

>>55109991
or you don't live in the GTA...
or your parents gave you a million bucks to pay off a home

>>55109900
>>55109918
gasoline, paint, hazardous waste, gunshot residue on firearms. Lead based food colorings.

we got lots of lead in our diet.
we also learned much better math than you guys apparently.

The average cost of a house is not the median cost of a house, and the median cost of a house is not the cost of a starter house.

get gud Marry some dumb working girl. Get laid. Buy houses. have lots of little stupid tax deductions just like you.

>>55109900
>>55109918
what actually happens is the lead in car exhaust or gunsmoke is vaporized or aerosolized as native metal or as salts.

some of this metal deposits on your skin and other surfaces where it finds its way into your food or your mouth and is digested.

a lot more of it is inhaled and deposits on the nasal and pulmonary epithelia. These are of course mucus membranes, so the atomized lead and lead salts are moved via the alveolar and nasal cilia to the back of the mouth where they're again swallowed and find their way into the digestive tract and thus the blood.

bioavailability is a bitch. You don't have to literally eat lead in order to literally eat lead.

>>55109900
>>55109918
the irony of course is that you guys are so literally fucking retarded you need someone with sever cognitive deficits due to lead poisoning to explain this to you.

you are literally dumber than someone that's been poisoned by lead their entire life. You're probably dumber than almost everyone alive, including boomers.

>>55103554
Yea, about 3 years ago, when borrowing money was almost free. You DID take advantage of that once in a lifetime opportunity right?

>>55110122
>>55110189
>>55110218
>brain damaged subhuman is stil attempting to have a conversation with humans
lol

>>55110303
I'm laughing at them for failing to understand normal distributions and bioavailability

I'm pretty sure there's no intelligent life itt
but one day millions of years from now the AI that replaces you retards will read this thread and chuckle at his ancestors

>>55110313
>16 posts by a retarded boomer over 10 hours

>>55104239
Is that supposed to be bad?

>>55103554
Why are you shirtless?

>1950
>city has 250,000 plots of land suitable for a normal-sized house
>city passed regulations saying that these plots of land can ONLY be used for normal-sized houses, no apartments or multi-units
>US government welcomes 1,000,000+ new immigrants to America every single year, plus 1,000,000+ illegal aliens per year, plus natural born citizens
>after 50+ years of population growth, the number of people trying to live in the 250,000 plots of land has doubled, but the laws stating what can be built on them stayed the same
>actually the laws got worse. In 1950's there were almost no safety regulations. Today, there are $50,000+ worth of safety requirements and permits needed to build a new unit of housing

Guys it's pretty simple. The population is growing, but the regulations don't allow the supply of housing to grow. It's not some Jewish conspiracy. It's literally just pre-existing homeowners saying "I ain't voting for the guy who wants more housing because that will make traffic worse" for 50+ years, until you got to today's situation.

>>55108701
>in an average, are half of data points above the average, half below, or neither?
It depends - there are different ways of measuring the average. Median is a form of average, as is the mean. You're so smug because you think "average = mean" but that's not even true lmao, nor is it relevant to the discussion of average housing costs. Christ boomers are fucking retarded

kids these days don’t know how good they got it
when I was 16 I only made $6 an hour and a house was $15k
we’re different because we were made in the jungles of nam
———————————————
William “Wild Bill” Johnson
USMC T.Sgt 1965-1966
2018 Red Key Charger (the beauty)
2022 Hyundai Palisade (the beast)

>>55113193
>USMC T.Sgt
>1965
lol
lmao

>>55104211
You're a boiled frog.
Housing was affordable before 1997.
They usually only show graps from 2012.

>>55103554
I remember paying $535 for an apartment 12 years ago. Now the same place is 1200

>>55109692
What a shame you'll be rotting in the ground soon.

>1 able to without serious consequence or adverse effect
>2 able to (regardless of potential serious consequence or adverse effect)
get vaccine vibes from things like this. obvs ways will be found to make housing more (less) affordable such and multigenerational mortggages and such. please don’t let the doom mongers bring us all down with their negativity

>>55113301
3 years ago my rent was $955/month. my rent is increasing to $1500/month in july. i'm moving. kek.

>>55113332
>>55113301
also this is the same apartment. the only thing that changed in the landlord sold it the building to a big jewish asset management firm.
>>55109991
>remember watching shows on TV and seeing white people with the occasional minority, homosexual, etc.
>only 33 years old.
really makes you think.

>>55108722
No. You deflected when it showed median house prices outstrip median incomes

>>55113396
>can't read or do math

>>55106447
adjusted for inflation
it's pretty obvious what the problem is

>>55113417
>IF I KEEP REFERENCING THE FIRST GRAPH I CAN IGNORE EVERYTHING ELSE THAT HAS BEEN SAID

>>55113446
Looks good. Then putting comparatively the costs of what these things go for today would look good.

>>55104158
My dad bought me a condo in 2008 for 40k. In usa.1200 Sq feet 3br 1 bath, can get another in the basement. Corner unit too. I think it's worth 120k or something now idk. It's in a good neighborhood too. All of my bills and property tax and association fee is around 800$.

>>55103554
Just bought a 400k 2 story in the process of being built. Got it off of an incentive for a 4.99% interest