/biz/ - Business & Finance

The boomer die off taking forever wtf

>the boomer die off

Wont change shit. Millennials will just rent out the places to other millennials and gen Z whose parents didn't accumulate a bunch of property in the 1980s/1990s and thus are perma poor fags rent cucks for life

>>58118328
Give it 5 more years. If you're a zoomie and you work a full time job ( I work for TSA at a small regional airport making $25/hr in the midwest) you should be saving and by the time you hit late 20's like 28-30 yo you should be easily to get a $500/mo FHA 30 year mortgage with like 5k down.

There's no reason to buy at these prices and pay 150k for houses built in 1950.

Let these boomers suffer, crash it with no survivors.

>>58118339
Delusional as fuck.

>>58118350
Nope I disagree, at least where I'm at in my housing market. Maybe in the big goyslop cities it will be always too expensive. Anyways I'm employed and if I'm fired I get full benefits and bennies.

Still not buying and putting up money, much less paying for a house in full with cash. Even if you could buy a house in cash I don't really understand why people do it in our current year.

I don't have faith in 30 years that weimerica will exist or the deed will be worth the paper its printed on, but I need a house rural where I can walk outside naked and have no neighbors and a place to store all my guns and food storage. Plenty of houses around me but they are all around 100k or more. The 100k houses they want are built in 1950.

I won't sign up for an FHA and buy my first home until I get at least a 400/mo mortgage with insurance and taxes on a 50k starter home, with a basement of course.

Grandma will have to capitulate, or more likely her stupid children that get the house will be retarded and sell it for cheap to get quick buyers.

I can't wait for the flood of cheap houses as boomers born in the 1940's are now reaching their mid 80's and most are in their 90's+, Tick tock boomers.

>>58118319
You retards were literally saying the same thing in 2020 when rates were 2% and homes were half off AAHHHHHAHAHAHAHAHAHAHAHAHAHHAAHAHHAHAHHAHAHHAHAHAHHAHAHHA

>>/biz/thread/19714600

>>58118319
>He didn't wait for the boomer die off and sniping 60% off houses as 150k priced houses fall to 50k
Won't happen in some countries like America where population is renewed by non-whites and houses aren't built to last.

>>58118435
>tfw 2% mortgage
>banks eat inflation instead of me
comfy

>>58118339
>Give it 5 more years
Boomers reproduce by infecting others with their "fuck you, I got mine" mentality. You can see that mentality in millenials today and even in some zoomers. The brainwashing was pretty effective.

>>58118450
Nobody is even going to want our houses when this country is full on Brazil without the year round beach weather.

>>58118319
Kek what a pathetic cope. Investment firms will never let this happen, even if it means bringing in chinese and other foreign oligarchs to buy everything up.

>>58118339
2 more weeks really turned into 5 more years

>>58118519
>>58118493
Dying takes a while.

For example my grandparents are in their 90's they were born in 1930's and are still both alive and kicking. They are stereotypical boomies.

Also I was going to actually buy a house for my job before I decided to change areas now I live in a much smaller place. There was a 3 acre farm for sale for 80k and the house was built in the 50's. It was a sweet deal but it was an inheritance property and the kids all had to agree to selling it. Well one of the kids was some sort of junkie faggot so he couldn't do the deal until he got out of rehab to meet with the rest of his sisters in the family and the realtor. Was going to take like 5 months.

I cancelled the deal when it didn't feel right since the house needed work like septic cleaning and some other things.

>>58118551
Lemme let you in on a little secret i.e. shit on your parade.

Baby boomers comprise of 20.8% of the population, Gen X comprise 19.6%, Millenials 21.6%, Gen Z, 20.88% meaning there are more zoomers alone to buy up those homes than there are dying boomers

https://www.statista.com/statistics/296974/us-population-share-by-generation/

Thats not even the best part. Every year, the U.S. population increases by about 1.5 million people. This number does not include immigration. Want to know many illegal immigrant *encounters* there were in 2023? (which does not include those who snuck in without getting spotted)
Over 2 million (270,000 in Dec. 2023 alone)

Your homes are being gobbled up. And when rates come back down, they are going to get gobbled up even faster. I myself am looking at purchasing another home to rent out when rates drop below 5% :)

aww, what's that? You think people can only have 1 home? Tsk tsk, no my little friend. Those cheapy homes that you want as your first? Not so fast! I'm a cash buyer and plan on doing a cash-out refi to purchase that house before you even get approved for the loan

Happy renting!

>>58118551
Also
>the house was built in the 50's
Enjoy those asbestos

>>58118319
OP how's it feel to be priced out of even a 2 bed 1 bath starter house

Stupid thread made by a child. America has infinite brown people that have been working decades under the table. Housing crash will never happen. Cope and seethe while Juan and Carlos stack cash with 20 family members in a 2 bedroom apartment

>>58118652
Absolutely lost it

Every day the number of mortgagee sales increases and when unemployment moons (it will) it's over for many people who bought near the top.

Crashes take about 5 years from top to bottom so there's no hurry to buy. Better to sit in bitcoin which keeps going up than buy a shitbox that will only go down.

>>58118319
>dude just wait 20 more years

>>58118319
houses are a bit expensive now
i found a place for 250k and i'm 60% sure it's a scam
i have around 80k on my bank and 40k on my paypaw acc, maybe i could get enough in the future but it's just a bit too uncertain, and with inflation it's a pain in the ass

>>58118335
But they have to renovate first and make me a good offer or else they need to rent to niggers.

You think prices will crash when interest rates are cut back to 2%? You have people on the sidelines drooling from the mouth for that to happen and are saving for a bigger deposit in the meantime

>>58118319
Yes anon, their gen x kids surely will sell them for cheap instead of maxing out price for their own retirement. Wow, you're so clever, bet you're an Apu holder.

>>58118319
>he wasn't gifted a portfolio of 50 ultra high networth houses at birth

kys bastard of a whore single mom

>>58118640
>I myself am looking at purchasing another home to rent out when rates drop below 5% :)
Oh no, sorry I didn't know that.
I saw this empty home and decided go move in.
I'm squatting and I'm just not going to move is all.
Sorry.