Why aren’t millenials buying houses?

File: 626 KB, 1047x518, F8FEBC92-ED9E-41A0-A7FA-69D125F20949.png [View same] [iqdb] [saucenao] [google]

Why aren’t millenials buying houses? Anonymous Tue Apr 16 21:29:41 2019 No.13350091 [Reply] [Original]

>>	Anonymous Tue Apr 16 21:31:26 2019 No.13350101 File: 8 KB, 246x205, 13912_533055266737301_1377829937_n.jpg [View same] [iqdb] [saucenao] [google] >>13350091 >buying boomer bags

>>	Anonymous Tue Apr 16 21:31:52 2019 No.13350105 >>13350091 Tech gooks and Arabs paying cash for this shit in the Bay Area. Also only either a stupid rich person or a stupid person would buy this. Bubbles about to pop

>>	Anonymous Tue Apr 16 21:32:06 2019 No.13350107 >Buying one now in 2019 >Buying a BoomerBox anyway Those things went out in the 80s but I'll buy after the next crash when boomers lose their shit

>>	Anonymous Tue Apr 16 21:32:12 2019 No.13350109 >>13350091 They are, you're just creating these threads as a form of cope because you're too poor to afford one

>>	Anonymous Tue Apr 16 21:33:32 2019 No.13350113 File: 359 KB, 772x626, 3473003A-346C-429B-9B05-364DB920F9F5.png [View same] [iqdb] [saucenao] [google] >>13350109

>>	Anonymous Tue Apr 16 21:34:48 2019 No.13350120 Autonomous vehicles and remote work will only make the bubble spread to the cheap areas. We're 20 years away from dystopian megacities and remote living will be a perk of the ultra rich.

>>	Anonymous Tue Apr 16 21:36:52 2019 No.13350126 >>13350113 >deliberately posting extreme examples from cities with some of the highest property prices in the world as a justification why he can't afford a house kek

Anonymous Tue Apr 16 21:37:12 2019 No.13350128

>>13350091
Because the generation gap is so immense that boomers from the middle class are trying to sell houses for middle class prices to millenials who are in the lower class.

The two generations might as well have been from different dimensions. There is no possible way for the two to relate on any subject.

>>	Anonymous Tue Apr 16 21:38:01 2019 No.13350133 Cause I own them all. I dare them to try and take em from me.

>>	Anonymous Tue Apr 16 21:38:55 2019 No.13350138 >>13350091 I'm 27, I just bought a house for 1.15mil, with the help of my parent and wife's saving.

Anonymous Tue Apr 16 21:38:59 2019 No.13350141
File: 34 KB, 540x378, _49311948_010162350-1.jpg [View same] [iqdb] [saucenao] [google]

Also: females have a carreer now. So couples have two sources of income. In other words, if you are single and you want to buy your first house. You're pretty much fucked.

>>	Anonymous Tue Apr 16 21:40:14 2019 No.13350145 File: 9 KB, 250x207, F6D27B13-C4B4-4B81-9C16-C5FEF1ADDB9A.jpg [View same] [iqdb] [saucenao] [google] >>13350126 >shilling for Jewish boomers Good goy

>>	Anonymous Tue Apr 16 21:40:25 2019 No.13350146 >>13350138 Better have been a good house, to destroy two families' worth of wealth.

>>	Anonymous Tue Apr 16 21:47:39 2019 No.13350177 >>13350145 keep coping poorfag

Anonymous Tue Apr 16 21:49:11 2019 No.13350189

>>13350146

Its a good house in a good location. But we don't live in it, we rented it out for now. It has three units, after my parent retire, they'll occupy one unit for their retirement. The rental income of the other two unit is enough to cover mortgage and taxes.

Anonymous Tue Apr 16 23:25:11 2019 No.13350677

I will buy when the boomers die.
>I will buy when the boomers die.
I will buy when the boomers die.
>I will buy when the boomers die.
I will buy when the boomers die.
>I will buy when the boomers die.
I will buy when the boomers die.
>I will buy when the boomers die.
I will buy when the boomers die.
>I will buy when the boomers die.
I will buy when the boomers die.
>I will buy when the boomers die.
I will buy when the boomers die.
>I will buy when the boomers die.
I will buy when the boomers die.
>I will buy when the boomers die.

>>	Anonymous Tue Apr 16 23:26:40 2019 No.13350684 File: 179 KB, 404x521, 1541192268155.jpg [View same] [iqdb] [saucenao] [google] >>13350091 $2million for 1.4k square feet

>>	Anonymous Tue Apr 16 23:31:03 2019 No.13350709 >>13350677 Kek Boomers will sell all the homes to chinks before they die

>>	Anonymous Tue Apr 16 23:32:27 2019 No.13350719 >>13350091 Should I move to San Diego?

>>	Anonymous Tue Apr 16 23:33:34 2019 No.13350723 >>13350677 life expectancy in america: 78 boomer age range: 1946 - 1964 boomers reaching life expectancy age: 2024 - 2042 So you're buying sometime in the next 5 to 23 years?

>>	Anonymous Wed Apr 17 01:01:30 2019 No.13351175 >>13350723 Once this bubble pops there will be plenty to go around. Also there's a shitton on condos and houses in 50k range far outside major cities. Anyone with a decent job and some savings can afford that. You just have to be willing to move.

>>	Anonymous Wed Apr 17 01:29:41 2019 No.13351321 >>13350091 They are faggot, just not loser fucks like you. I'm on my 3rd home.

>>	Anonymous Wed Apr 17 01:31:16 2019 No.13351327 File: 24 KB, 638x369, Screenshot - 2019-04-17T003028.001.png [View same] [iqdb] [saucenao] [google] >>13351175 Holy shit you're stupid. Does this chart mean anything to you, complete fucking retard?

Anonymous Wed Apr 17 01:37:48 2019 No.13351365
File: 43 KB, 750x599, CvUS_RealHousingPrices.png [View same] [iqdb] [saucenao] [google]

>>13351175
I'm a leaf living an 1.5hrs outside Toronto, prices are still absurd up here.
average detached homes 500k
shit tier detached homes that need a lot of work 350k
detached homes an hour drive away at least 300k
townhouses/condos start at 200k with at least $300/month condo fees

I hope it all comes crashing down to sane levels, but unless there's a major recession I don't see an end in sight.
The culture is retarded about home ownership, you have
- people lining up to pay 40k over asking
- people using equity in their existing home to get a mortgage on multiple homes
- rich foreign investors buying anything or laundering their money to push prices higher
- municipalities restricting zoning to push prices even higher

Then there's all unending stream of immigrants further fueling the demand.

Higher interest rates could save us but that won't happen unless the US actually decides to pull the trigger, which doesn't look like its happening because of the already stupidly high levels of debt and it would mean everything crashing down.

Boomers dying could unironically save us, but that's at least a decade away from having a large impact it seems, and in that time houses will have possibly doubled, so a crash will just take it down to the already stupidly high levels. wtf are we supposed to do?

>>	Anonymous Wed Apr 17 01:40:40 2019 No.13351381 File: 50 KB, 275x207, 9c83g969645hv78v.gif [View same] [iqdb] [saucenao] [google] >>13350091 >>13350113 zoomers are retards, getting me one soon

>>	Anonymous Wed Apr 17 01:42:46 2019 No.13351390 >>13350091 >buy a mcmansion when it hits rock bottom >convert it into a massive share house

>>	Anonymous Wed Apr 17 01:43:06 2019 No.13351391 >>13351327 Why are you showing me a chart of the amount of dicks you've sucked all week faggot?

>>	Anonymous Wed Apr 17 01:47:19 2019 No.13351416 File: 251 KB, 519x430, 1772bcddebc18ff5ecd3d97c743fdf2b[1].png [View same] [iqdb] [saucenao] [google] >>13350091 >shitty house >sells it for 2 million for the location >wonders why no ones buying it lmao, go fuck yourself retard

Anonymous Wed Apr 17 01:50:59 2019 No.13351435

my parents bought their house in the 70's for 8 grand, now it's worth 850k. i remember one year around 2000 its value went up by over 100 grand in 1 year. did anyone see this shit coming? i mean i'm just a brainlette but someone here might know - was there anyone predicting this kind of absolutely unimaginable price increases in the uk? and when the hell will it end? will it ever stop rising ffs? and what in god's name is going to happen to the next generation's housing prices?

Anonymous Wed Apr 17 01:52:41 2019 No.13351445

>>13350723
You tried being ironic, but unironically hit the nail on the head.
2024 the dip starts. Boomers dying off will not mean only housing dip, but consumption in general.
One more drumpf presidency of optimism so no one will see it coming, then US tanks.

>>	Anonymous Wed Apr 17 01:53:17 2019 No.13351450 why buy a house gooks are giving them away https://youtu.be/_LzA1K3Q_5k

>>	Anonymous Wed Apr 17 01:54:05 2019 No.13351453 >>13350723 boomers will die in next recession

>>	Anonymous Wed Apr 17 01:55:35 2019 No.13351464 >>13351435 You better start saving now so that one of your grand kids can spend his a nd your money to be able to afford a goddamn condo.

>>	Anonymous Wed Apr 17 01:56:10 2019 No.13351471 >>13351435 its ending very soon anon. boomers will be retiring in a decade and who will they be selling to? our generation? lol. mezicans? lol. it's simple supply and demand. in a decade many properties worth 200k now will be worth 50k, 30k or 0.

>>	Anonymous Wed Apr 17 01:59:45 2019 No.13351496 File: 33 KB, 577x537, cdc.jpg [View same] [iqdb] [saucenao] [google] >>13351445 >housing bubble >student loan bubble >auto loan bubble >tech bubble 2.0 >the entire economy of China bubble Next 20 years are going to be a trip lol

>>	Anonymous Wed Apr 17 02:00:36 2019 No.13351502 >>13351450 Id love to take one mostly cause i dont care to live around people of my generation. Though their plans will completely backfire since i have no real will to procreate.

Anonymous Wed Apr 17 02:00:54 2019 No.13351505

>>13351471
>who's the buyer?
i thought maybe it was foreign investment. i mean entire lines of houses are just bought as investments by brown princes, left empty for years then sold at a profit, leaving nowhere for anyone to live in the meantime and forcing prices up. as well as sending a shitload of money out of the country.

>>	Anonymous Wed Apr 17 03:13:56 2019 No.13351820 >>13351496 >that list Should I buy gold, BTC, LINK, or guns/ammo?

>>	Anonymous Wed Apr 17 03:45:34 2019 No.13351963 we love living with our parents didn't you know? just adore it infact

>>	Anonymous Wed Apr 17 04:39:29 2019 No.13352252 >>13351390 I have a friend who lives in one. It was the first time I got the faintest real estate itch but I am still not ready to scratch it yet.

>>	Anonymous Wed Apr 17 05:28:12 2019 No.13352502 File: 616 KB, 1160x3292, housing prices.png [View same] [iqdb] [saucenao] [google] fresh black pill for you lads

>>	Anonymous Wed Apr 17 05:45:19 2019 No.13352616 >>13350091 So, suppose I am rich and ready to buy that hovel. What's the monthly maintenance cost (utilities, property tax etc)?

>>	Anonymous Wed Apr 17 06:04:12 2019 No.13352725 >>13350105 Don't you just love how the government subsidized migration to inflate asset prices? Absolutely brilliant. Keynesianism is making me rich you're a jealous as fuck homo. Should have bought some real estate to sell to dumb soulless chinks

Anonymous Wed Apr 17 06:09:58 2019 No.13352755

>>13352725
Idiot thinks real estate has been inflated by migration? Not the bank bailout and Fed buying toxic Mortgage Backed Securities. You're poor for a reason. financial ignorance. Also China printing massive amounts of Yuan has inflated west coast prices more than immigrants

>>	Anonymous Wed Apr 17 06:16:35 2019 No.13352801 >>13350091 imagine having 2 million big ones

>>	Anonymous Wed Apr 17 06:18:14 2019 No.13352811 >>13351175 Bubble pop will mean fed buying more MBS' and lowering rates, followed by quantitative easing

>>	Anonymous Wed Apr 17 06:30:53 2019 No.13352891 >>13350138 Invest in a rope mate... you're gonna need it when the system crashes. Next time will be ten times as worse as the previous one.

>>	Anonymous Wed Apr 17 06:34:37 2019 No.13352918 >>13352502 It's hard to swallow

>>	Anonymous Wed Apr 17 06:35:24 2019 No.13352925 Why are boomers so evil? They’re easily the worst generation in modern history.

Anonymous Wed Apr 17 06:39:08 2019 No.13352949

Im afraid to say this, not to call it, but imo the status quo will not change. Its already effective enslavement.
Rising house prices cause goys to FOMO into taking loan / spending generational savings.
Once they are in and somehow barely get through interest rates, the state slowly ups the property taxes to complete full circle of lifelong milking.

>>	Anonymous Wed Apr 17 06:43:47 2019 No.13352980 >>13352502 That is legitimately interesting data, ruined by the pol tier retarded rant on boomers.

>>	Anonymous Wed Apr 17 07:02:22 2019 No.13353080 >>13351820 just invest in your education :^)

>>	Anonymous Wed Apr 17 08:22:57 2019 No.13353564 You can buy acres of virgin clay for under $200k where i live. Im not going to say where because you onions suckers deserve the hell youve created.

Anonymous Wed Apr 17 08:34:51 2019 No.13353645

>>13351820
Gold and BTC - We're not going to enter a new dark age. Times will get tough but once we're through the worst these will pay off. Also establish an emergency fund that can get you by for at least half of a year.

Guns/Ammo - But just in case...

>>	Anonymous Wed Apr 17 08:35:06 2019 No.13353649 >>13350189 Good for you, sounds like a pretty nice investment

>>	Anonymous Wed Apr 17 08:39:32 2019 No.13353677 File: 536 KB, 492x597, zu1qkc6046b21.png [View same] [iqdb] [saucenao] [google] >>13353564 >onions suckers

>>	Anonymous Wed Apr 17 08:40:45 2019 No.13353685 >>13353564 Sure, you can easily buy land for dirt-cheap in the faraway backwoods with no infrastructure, no schools and no hospitals.

>>	Anonymous Wed Apr 17 08:43:01 2019 No.13353698 >>13352980 no actually that data is racist and a common anti-semitic trope. if you think its interesting you’re a nazi

Anonymous Wed Apr 17 09:08:19 2019 No.13353877

$2mm for 130 sq.m? Only an idiot would buy that shit-tier house. Housing prices will collapse, it's just that there's no way to know how irrational the market will continue to be, just like you can see with crypto bubbles. In my opinion, healthy food and organic farming is the future so buying a plot of land and growing low maintenance crops (raspberries, cranberries or other berries) to sell to hippies while living in a makeshift shack there makes more sense than shelling out millions for a cube of flimsy construction with depreciating value.

>>	Anonymous Wed Apr 17 09:13:32 2019 No.13353915 >>13350113 >5 million dollar cuckshed Is this findom?

>>	Anonymous Wed Apr 17 09:16:05 2019 No.13353936 >>13350145 Cope. You faggots should stay in the big cites and keep getting ploughed by the Jew though. Please remain there.

>>	Anonymous Wed Apr 17 10:25:20 2019 No.13354445 >>13350126 I found a 4 bed 3 bath in my home town for 217k I want a house but need a job in my hometown Im so sick of the city

>>	Anonymous Wed Apr 17 10:27:50 2019 No.13354470 >>13350091 If BTC moons maybe I'll be able to buy a trailer for $4 million, what a deal!

Anonymous Wed Apr 17 10:31:09 2019 No.13354500

>>13351175
Boomers will die at a time when their adult children have kids in school and want to move to the comfy suburban live. The kids will either move into their parents' house, or if their parents were in a retirement community, sell that property and buy a boomer house. There will be no crash.

>>	Anonymous Wed Apr 17 10:33:00 2019 No.13354522 >>13350709 Greater fool theory. Yeah peak bubble bud

>>	Anonymous Wed Apr 17 10:33:14 2019 No.13354524 File: 34 KB, 603x603, 1510881268438.jpg [View same] [iqdb] [saucenao] [google] >>13353915 first of all those are probably canadian dollars, secondly no vancouver prices are nowhere near that level

>>	Anonymous Wed Apr 17 10:33:18 2019 No.13354526 File: 631 KB, 940x705, 71E9021D-6CA5-4D9B-BE38-6BDDBB6439F7.jpg [View same] [iqdb] [saucenao] [google] >>13351365 Why vote for Trudeau of course

>>	Anonymous Wed Apr 17 10:34:12 2019 No.13354531 >>13350091 I'm waiting 5 years for the boomers to panic sell once they realize they cannot afford the mortgage on their 4 bed 4 bath and ever retire. They will sell their big homes and move to small houses and apartments once they get too old to work.

>>	Anonymous Wed Apr 17 10:54:14 2019 No.13354674 >>13351327 >>13351391 Wow, that a lot of dick.

>>	Anonymous Wed Apr 17 10:54:16 2019 No.13354675 >>13351502 just pay taxes look after the house and buy local your adding more then if the place go unfilled.

>>	Anonymous Wed Apr 17 11:06:53 2019 No.13354783 >>13350120 Underrated post my dude. The majority of the Earth's surface will be the backyard of Jeff Bezos until the climate collapses and he moves to the Moon

>>	Anonymous Wed Apr 17 11:30:46 2019 No.13354936 >>13351820 i don't recommend shorting anything because the bubble can continue for 5 to 10 more years as the government keeps digitally printing money because everyone has a right to everything just accumulate UGLD, crypto

>>	Anonymous Wed Apr 17 11:44:12 2019 No.13355057 >>13350113 $125,000 would be more than fair for that

>>	Anonymous Wed Apr 17 11:46:55 2019 No.13355085 File: 48 KB, 746x739, 1553858483553.jpg [View same] [iqdb] [saucenao] [google] >>13354526

>>	Anonymous Wed Apr 17 11:48:35 2019 No.13355094 File: 212 KB, 550x400, Studio_Flat_London.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Wed Apr 17 11:49:44 2019 No.13355101 File: 522 KB, 540x393, Triple_Room_Share_Camden-540x393.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Wed Apr 17 11:50:50 2019 No.13355106 File: 338 KB, 540x393, Large_Room_with_own_kitchen_Kilburn-540x393.png [View same] [iqdb] [saucenao] [google]

Anonymous Wed Apr 17 11:51:47 2019 No.13355117

>>13350723
Anyone that thinks a majority of the Boomers will live to 90+ is kidding themselves. Several of them are already dying in the 50-65 range because their standard of living has fallen short of what it used to be because they get laid off and can't find a job with similar pay to what they used to make. This then leads to opioid addiction and death.

>>	Anonymous Wed Apr 17 11:52:00 2019 No.13355118 File: 473 KB, 540x324, Shed_For_Rent_in_front_room_Bethnal_Green-400-pounds-per-month-540x324.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Wed Apr 17 11:53:05 2019 No.13355127 File: 72 KB, 962x624, 40pounds-a-week-CUPBOARD-space in Paddington.jpg [View same] [iqdb] [saucenao] [google] Descriptions in file names, cbf to type. All real though.

>>	Anonymous Wed Apr 17 11:53:32 2019 No.13355130 >>13355106 >Large_Room_with_own_kitch(...).png >Triple_Room_Share_Camden-(...).png >Studio_Flat_London.png AHAAHAHAHAHA WHO WOULD LIVE IN THESE? PAJEETS?

>>	Anonymous Wed Apr 17 11:54:04 2019 No.13355134 >>13355094 >>13355101 >>13355106 Cursed images

>>	Anonymous Wed Apr 17 11:54:10 2019 No.13355137 File: 50 KB, 962x628, 2BF6C92400000578-3222139-The_front_door.jpg [View same] [iqdb] [saucenao] [google] >>13355127 'front door' of this place

>>	Anonymous Wed Apr 17 11:55:24 2019 No.13355144 >>13350126 I can buy a house with 200 sqm of livable space, an outdoor building of at least 100 sqm and fiber internet for like 120000€. Stay in debt city cucks.

>>	Anonymous Wed Apr 17 12:03:14 2019 No.13355199 File: 336 KB, 540x324, shed.png [View same] [iqdb] [saucenao] [google] >>13355118 this is the point here btw. it's the shed which is for rent, not the room. £480/month in bethnal green.

>>	Anonymous Wed Apr 17 12:05:14 2019 No.13355215 File: 126 KB, 1280x720, GYM.jpg [View same] [iqdb] [saucenao] [google] >>13355199 The literal definition of a cuckshed. You get to watch the boomers who own the house bang on the couch.

>>	Anonymous Wed Apr 17 12:09:09 2019 No.13355254 >>13350091 Home ownership means nothing without job security. Unless you're paying cash for the house or have a job with a reasonable commuting time or can work remotely, then the stress of paying a mortgage will kill you.

>>	Anonymous Wed Apr 17 12:12:16 2019 No.13355271 >>13350105 Bubble will keep being inflated by immigrants

>>	Anonymous Wed Apr 17 12:24:10 2019 No.13355355 File: 1.07 MB, 1200x720, fghfg.png [View same] [iqdb] [saucenao] [google] >>13355215 ikr

>>	Anonymous Wed Apr 17 12:25:34 2019 No.13355365 File: 1.38 MB, 316x227, 1520448981417.gif [View same] [iqdb] [saucenao] [google] >>13355355 AHAHAHAHA

>>	Anonymous Wed Apr 17 12:39:13 2019 No.13355448 >>13355355 Kek God damn, /biz/

>>	Anonymous Wed Apr 17 12:41:18 2019 No.13355465 File: 42 KB, 500x500, D1004FA9-DB39-40F5-8695-E6B1C41BAFC9.png [View same] [iqdb] [saucenao] [google] >>13355199

Anonymous Wed Apr 17 12:43:54 2019 No.13355484

>>13354445
>I found a 4 bed 3 bath in my home town for 217k

I can find plenty of those houses in towns with no work or prospects.

After the mining boom here in Australia, we have a heap of new houses in the middle of nowhere that no-one can sell for a fraction of what they paid for it.

>>	Anonymous Wed Apr 17 12:53:41 2019 No.13355573 >>13355271 This. Look at any major city in the USA and you'll notice it's full of immigrants. A decline in population just means 'OPEN THEM BORDERS".

>>	Anonymous Wed Apr 17 13:05:44 2019 No.13355663 >>13352502 And now we need another chart for showing the increase of population in the same time frame

>>	Anonymous Wed Apr 17 13:23:29 2019 No.13355826 File: 1.84 MB, 4032x3024, IMG_6634.jpg [View same] [iqdb] [saucenao] [google] >>13350091 Because millenials dont know a good investment when they see one.

>>	Anonymous Wed Apr 17 14:07:11 2019 No.13356253 >>13355663 >implying rising demand for housing shouldnt result in rising SUPPLY as well Its called inflation, babby.

>>	Anonymous Wed Apr 17 14:12:32 2019 No.13356305 >>13356253 >Implying you can infinitely growth supply in and near cities. Oh baby.

>>	Anonymous Wed Apr 17 14:33:28 2019 No.13356505 >>13350709 lmao peak delusion

>>	Anonymous Wed Apr 17 14:42:46 2019 No.13356581 >>13351365 The No1 reason for high re prices is interest rates. Interest rates determine demand. All the QE money that BOC been pumping into the economy have been going to re and the the stock market.

>>	Anonymous Wed Apr 17 14:45:00 2019 No.13356599 >>13355117 >their standard of living has fallen short of what it used to be Heart Disease-chan is killing them off.

>>	Anonymous Wed Apr 17 14:48:56 2019 No.13356627 >>13351416 You're the newfag and a retard on top of that for not understanding the meme.

>>	Anonymous Wed Apr 17 14:54:05 2019 No.13356655 File: 37 KB, 807x659, sotiresome.jpg [View same] [iqdb] [saucenao] [google] >>13356581 so what do we do? keep renting and waiting for higher interest rates to cause the price crash? buy into the game and hope the goberment keeps propping it up?

>>	Anonymous Wed Apr 17 14:58:21 2019 No.13356679 Just bought a house in London, around about 400k. Me and missus have 320k mortgage. Am I fucked or will I be selling in another 10 years with double profit?

Anonymous Wed Apr 17 15:29:42 2019 No.13356953
File: 22 KB, 865x401, ParishousingvsCAC40.png [View same] [iqdb] [saucenao] [google]

>>13356679
housing prices rarely crash, but I dont think there's much oomph in them.
Just did an analysis for Paris.
Am the dude who just took this pic of the streets of paris: >>13355826

Stock market prices are quite low compared to real estate in france.

Just made a study based on these data:
https://parispropertygroup.com/blog/2018/5-year-review-of-paris-real-estate-price-evolution/
https://parispropertygroup.com/blog/2017/how-paris-real-estate-prices-evolved/

adjusted for a small increase in living space due to building of new and higher buildings.

Anyway results are that stock prices are near 30 year lows compared to housing prices and could rise threefold before reaching ATH's. (or housing prices could fall wrt stocks)

Anonymous Wed Apr 17 15:30:00 2019 No.13356955

>>13356655

If you're single live at home save money.

If you have to rent then get roommates and save what you can.

Van "life"

Save your cash and move to Mexico? I hear the cartels pay really well for competence and loyalty.

If you have children and married you're basically fucked yourself into a deep ass hole, most people don't realize this shit until they are years deep in shit.

Anonymous Wed Apr 17 15:38:17 2019 No.13357043

>>13356305
>implying we couldnt build more homes in flyover country to meet demand if we didnt rely on denbt based economy and conveniently raising inflation to make it disappear while dumping the bags on future generations (ex. inflated house prices for people that are not me)

>>	Anonymous Wed Apr 17 15:45:35 2019 No.13357120 >>13350091 >>13350113 How much would it cost you to hire builders and make a normal sized house in USA?

>>	Anonymous Wed Apr 17 15:52:44 2019 No.13357201 >>13357120 Depends on where you live. The house isn't the expensive part, it's the land that fucks you.

>>	Anonymous Wed Apr 17 15:57:55 2019 No.13357268 >>13357120 Excluding the cost of land, $200k-400k depending on the size and quality of materials.

>>	Anonymous Wed Apr 17 16:06:35 2019 No.13357353 >>13350105 Money laundering

>>	Anonymous Wed Apr 17 16:11:01 2019 No.13357387 What about condos? My parents live in one after downsizing and it's still large enough for what I need but the locations for condos are better for jobs, with way less commute. Is there anything I'm missing or any issues with condos?

Anonymous Wed Apr 17 16:20:07 2019 No.13357461

>>13357387
they seem like a poor financial investment, at least in my area.
new ones cost $200k-300k
old ones starting at $200k
condo fee that starts at $150/month for new ones but within a year will be $200-$300, within 10 years it will be $700+ a month
plus if shit goes wrong you get a "special assessment" where you could have to cough up 20k within 30 days because the condo board is run by retards

if the cost to rent and buy a condo are similar, renting always seems like a better option (unless the condo somehow appreciates a shit ton, but that's a gamble and depends on your city).

>>	Anonymous Wed Apr 17 16:21:58 2019 No.13357486 >>13357387 >condo enjoy your $500+/month HOA fee, bitch

>>	Anonymous Wed Apr 17 16:23:53 2019 No.13357506 >>13357486 But if I live in the condo I no longer need a car, nor insurance for it, and I don't think I have to pay for massive repairs on a condo... So doesn't it even out or even come out ahead?

>>	Anonymous Wed Apr 17 16:37:38 2019 No.13357603 >>13357486 i own a townhome with no HOA and already has $70K in equity after 2 years. I plan on living there another 10 and then selling it for when I retire early and buy a nice little home away from the city.

Anonymous Wed Apr 17 16:55:07 2019 No.13357720

>>13357506
>I don't think I have to pay for massive repairs on a condo
If the HOA is well managed and budgets properly, this should be true. Things like exterior painting, reroofing, etc should be paid for using the monthly dues. You get in trouble though if your HOA has not budgeted properly and is underfunded, or if there is some expensive unpredictable repair that comes up. Then you'll get hit with a "special assessment" to fund the repair. Before you buy a condo, make sure you see the HOA's financials.

>>	Anonymous Wed Apr 17 16:55:34 2019 No.13357727 >>13357506 Depends. You do pay for massive repairs for the condos with the HOA fee, if they plan it right. Or you get hit the the 20K charge to replace the roof out of nowhere.

>>	Anonymous Wed Apr 17 17:00:39 2019 No.13357767 >>13357506 >>13357720 >>13357727 can y'all not see this shit? >>13357461

>>	Anonymous Wed Apr 17 17:00:49 2019 No.13357768 >>13351471 they will sell to people whose boomer parents or grandparents just died and left them a bunch of money for a house.

Anonymous Wed Apr 17 17:03:17 2019 No.13357789

So people who actually buy this, because there are people who do otherwise the prices correct, how the fuck do they pay the mortgage? What kind of job gives you 9k to basically pay rent? Meaning you make at least some 11k to even live in the house proper.

Who pays those prices?

Anonymous Wed Apr 17 17:05:48 2019 No.13357808

>>13357767
>>13357461
>unless the condo somehow appreciates a shit ton, but that's a gamble and depends on your city
That is a big "unless." I bought a townhouse with an HOA in Seattle for $360k and sold it for $810k eight years later. The $450k profit that I made was worth paying a few hundred a month, which covered garbage, landscaping, and future roof/paint expense, which are things I would have had to pay for anyway if there was no HOA. Its not like the money was disappearing or getting used for purposes that weren't directly related to maintaining the houses.

>>	Anonymous Wed Apr 17 17:11:16 2019 No.13357856 >>13357789 you make the assumption that people only have the minimal down payment. a lot of people have large down payments from either downsizing or upsizing.

Anonymous Wed Apr 17 17:13:13 2019 No.13357869

>>13357808
yea real estate has historically done well especially in big cities like Seattle, but if you were just entering the market now would you buy an $810k townhouse? Do you think it will be worth 1.8 million in 8 years? That same opportunity for growth doesn't seem as likely especially given how salaries have not been keeping up with RE growth. At some point people won't be able to afford the homes and it won't be able to rise that high that fast.
Maybe in some cities that opportunity is still there, but it's very location dependent.

>>	Anonymous Wed Apr 17 17:19:45 2019 No.13357927 home ownership is a myth you're always renting from your local government and community 30 year mortgages are dumb because initially only ~10% of the monthly payment goes to equity and you have to pay for all the repairs

>>	Anonymous Wed Apr 17 17:23:12 2019 No.13357959 Anyone who is interesting in housing market economics, please lookup Robert J Shiller. He got the a Nobel Prize in economics in 2013. Lookup "narrative economics" on Youtube. Bubbles can simply because people are stupid.

Anonymous Wed Apr 17 17:29:13 2019 No.13358001

>>13357927
Absolute property rights on land is a difficult issue. It can be hard to say who is really entitled to the land. It has been fairly common throughout history for the government/military to claim ownership of the land allow people to use it in exchange for tribute. This is essentially land monopoly, which is conceivably still possible today. Property taxes are a simple was to punish people who attempt to corner the land market. There may be better solutions but that is a simple one.

>>	Anonymous Wed Apr 17 17:35:35 2019 No.13358065 >>13358001 you can tax capital appreciation and rental income like every other asset

>>	Anonymous Wed Apr 17 17:39:25 2019 No.13358117 >>13358065 That does seem better. Since the poor wouldn't have to pay those.

>>	Anonymous Wed Apr 17 17:48:12 2019 No.13358187 >>13350138 Did you actually buy it full price or are you mortgaging? If you’re mortgaging than you’re fucked boy.

Anonymous Wed Apr 17 17:49:10 2019 No.13358196

>>13357869
Auto jobs leave Detroit > Detroit real estate collapses. I'm inclined to think that cities are built upon particular industries... Chicago - Finance, New York - Finance, DC - Federal Money, Houston - Oil and Gas, San Francisco - Tech, Seattle - Boeing/USAF.

If those industries die. The cities they support likely will die to as the income of the buyers in those markets decline.

I think that it is probably good to leave cities if you don't have a good job. You are essentially competing with people that do have good jobs for land, making your life more difficult than it needs to be. Houses are not that expensive to build. It is totally feasable to live fairly comfortably off of minimum wage in rural parts of the country.

Anonymous Wed Apr 17 18:18:35 2019 No.13358440

>>13357869
>would you buy an $810k townhouse?
If I had a high paying tech job, I'd think about it. Rents for a similar place in Seattle would be around $3k. I wouldn't expect it to more than double in value again in eight years, but even a 25% increase is $200k. I know my timing was very lucky and most people aren't going to see those kinds of gains, but even with more modest appreciation, your return on investment with real estate can be pretty good.

Anonymous Wed Apr 17 18:32:54 2019 No.13358607

>>13358440
"Investing" in housing is a notion that is relatively recent historically. Houses are a depreciating asset. They get old and fall apart. It is reasonable to expect that land over time becomes more scare as the population increases, but the population increase rate is less than 1% per year.

If you get a critical mass of people to believe that housing is a good investment you can end up with a situation where a massive number of people bid up housing prices because they expect a return, and then because housing prices go up they think that they are financial geniuses because the price of their "investment" went up. If people believe the price of something will go up, what difference does it make to them how much it costs?

There is a reason they say "Past performance does not indicate future returns". Yet what is the number one thing people do to evaluate whether or not something is a good investment?

https://youtu.be/b8l6wLSPnYY

>>	Anonymous Wed Apr 17 18:33:37 2019 No.13358613 File: 59 KB, 600x760, 1507594773686.jpg [View same] [iqdb] [saucenao] [google] >>13357506 You better not need car, fren, otherwise that's going to be a hefty condo parking lot fee

Anonymous Wed Apr 17 18:36:00 2019 No.13358644
File: 55 KB, 852x1256, 1448318534727.png [View same] [iqdb] [saucenao] [google]

What boomers don't get that some of us are doomers and not even want a family. My dad says its pathetic to be nearly 30 and not own a house and still study. I don't care and will not buy another boomers overpriced house anyways, lez alone have that money.

>>	Anonymous Wed Apr 17 18:43:16 2019 No.13358713 >>13350091 >not buying a house in the detroit ghetto for 5k AND I've only had 2 cars stolen stay poor, racist

Anonymous Wed Apr 17 18:49:10 2019 No.13358764

>>13352502
god damn....(((they))) want to destroy the economy, take in as many interest cows (migrants etc) just so they can keep generating wealth while us normal folk pay the interest of the national debt. so fucked up... no wonder (((they))) have been historically kicked out of many civilizations

>>	Anonymous Wed Apr 17 20:19:32 2019 No.13359420 >>13351391 I remember when I was 11.

Anonymous Wed Apr 17 20:23:41 2019 No.13359451

>>13350091
Bad credit, want to live in citites instead of outside of them, drying up job markets and don't understand what equity is. I bought a few houses that were decrepit and flipped them thanks to taking up a trade before i went back to a 4 year for accounting and finance. Other than the wait on them to sell, it was the best investment i made next to buying 200 bitcoins for pennies back in 09. Now i own a few place in a university town and rent them out.

>>	Anonymous Wed Apr 17 20:26:19 2019 No.13359466 >>13350113 The sad part is thats in the middle of nowhere for van

>>	Anonymous Wed Apr 17 20:29:09 2019 No.13359490 B O O M E R O O M E R B A G S A G S

>>	Anonymous Wed Apr 17 21:03:46 2019 No.13359762 >>13356955 ANYONE with a life worth living IS NOT going to be content living at home with their parents. I've got sluts to fuck ffs I actually have a life

>>	Anonymous Wed Apr 17 21:44:21 2019 No.13360200 File: 25 KB, 400x300, Arnold Schwarzenegger Grace Jones Conan the Destroyer.jpg [View same] [iqdb] [saucenao] [google] How about this: jump in 400k home, hot market, new paint, rent out, get out at 750k-1000 in 1-2 years, EZ money bro, come git sum

>>	Anonymous Wed Apr 17 21:58:44 2019 No.13360322 >>13359762 >not fucking the slut at her place how ugly are you?

Anonymous Wed Apr 17 22:24:47 2019 No.13360485

>>13350091
Many reasons not to. I would NOT buy any property in America for civil asset forfeiture alone. Even in states where it doesn't exist yet. Not worth the risk.

Then you have the housing bubble, which left a bad taste in young people's mouths.

And of course, shitty tenants and even shitter retail agencies these days. Just flip I guess, even that's riskier than crypto.

>>	Anonymous Wed Apr 17 22:26:15 2019 No.13360495 >>13350189 You are taking a hell of a risk and assuming some damn good tenants. Maybe work with a realtor if you are trying to rent to dumbass wage slave normies who don't know the value of a rent dollar and will pay absolutely anything.

>>	Anonymous Wed Apr 17 22:27:31 2019 No.13360503 >>13351365 Ignore the welfare cities, and there are still cheap houses under 60k. Livable with big backyards in the rural country. I actually googled them. It's almost like US midwest and PA prices.

>>	Anonymous Wed Apr 17 22:28:52 2019 No.13360510 >>13351435 Protip welfare state + mudslime influx = unaffordable housing. The USA follows the exact same pattern in the nigger infested areas. IE, new jersey, NYC, other garbage areas.

>>	Anonymous Wed Apr 17 22:30:22 2019 No.13360518 >>13352980 Man fuck off. That's the world we live in after all, and it's ALL TRUE.

Anonymous Wed Apr 17 22:31:48 2019 No.13360528

Hey guys. How much should I offer for a house at auction

>480sf
>20x24
>one bedroom (7.5x11)
>3/4 bath
>was moved out of the floodplain a few years ago using FEMA money

>lot is 40x130
>land assessed at 5k
>house assessed at 16k
>yearly taxes are 400 dollars without any credits or discounts (current owner is paying 70 dollars a year in property taxes)

I was thinking 5k tops, bidding as a joke since I already have an apartment and the lot is big enough for another house if I want to build a real one.

>>	Anonymous Wed Apr 17 22:36:47 2019 No.13360558 >>13353877 Yeah no shit, it's mainly propped up by welfare. At least in those areas only. Go to the country and you see the same prices as you did in the 1980s. 60k, 70k, 100k for a 3bedroom house with a nice yard.

>>	Anonymous Wed Apr 17 22:40:32 2019 No.13360586 >>13355465 I hate that I can hear this in my head

Anonymous Wed Apr 17 22:57:59 2019 No.13360679
File: 106 KB, 596x486, nsa_hq.0.jpg [View same] [iqdb] [saucenao] [google]

>>13355826
>Paris
>welfare area
>sandnigger infestation

Literally propped up by welfare. This is not a good investment dude. This bubble will POP. Rural areas stay stable.

Pic related, that's a decent place to live, and a good place to rent. Renting is ALWAYS risky. Just youtube the countless tenant stories.

If you are going to rent out houses, move to Arkansas where the laws are entirely in the landlord's favor.

>>	Anonymous Wed Apr 17 23:34:00 2019 No.13360901 Bump for any advice. Already got some great advice in this thread so thank you to all who posted.

Anonymous Wed Apr 17 23:45:18 2019 No.13360970

>>13350105
It’s not just a housing bubble, we are heading for total economic disaster. Things are only getting worst and worst. The wealth gap between us and (((them))), bigger and bigger. There will be an event in our lives where shit hits the fan and we will live in a banana republic of niggers chimping out and whites just trying to survive. We will cry out for the government to re-establish order at which point they’ll install Marshall law under a crypto economy where everything is monitored by smart contracts. We will become slaves, forever impossible to escape their system. This is where chainlink comes into play. The name chainlink is literally an allegory for our imprisonment. The Jews are taunting us.

>>	Anonymous Thu Apr 18 00:46:16 2019 No.13361326 >>13360970 Literary genius of chan satire.

>>	Anonymous Thu Apr 18 01:09:05 2019 No.13361435 So when should a proto zoomer buy a house? I hear that in 10-20 years. Are they right? What's the consensus

>>	Anonymous Thu Apr 18 01:16:56 2019 No.13361495 >>13361435 Work on a dividend (or other passive income) snowball first, then move on to more expensive purchases.

>>	Anonymous Thu Apr 18 01:20:04 2019 No.13361511 File: 346 KB, 779x952, 1431411277216.png [View same] [iqdb] [saucenao] [google] >>13355118

Anonymous Thu Apr 18 01:25:56 2019 No.13361543
File: 77 KB, 762x717, peek.jpg [View same] [iqdb] [saucenao] [google]

>>13356955
>Save your cash and move to Mexico? I hear the cartels pay really well for competence and loyalty.
Probably the worst advice of all I have ever seen here, I amazed that you even managed to type this out and thought that its a good advice. Jesus fucking Christ.

>>	Anonymous Thu Apr 18 01:37:25 2019 No.13361616 File: 428 KB, 930x1388, 1552288294010.jpg [View same] [iqdb] [saucenao] [google] >>13354526 >beep beep, outa the way french fucking shits i have a country to ruin

>>	Anonymous Thu Apr 18 02:02:18 2019 No.13361797 >>13357959 People would not be stupid if they received a comprehensive economic education in high school - close to them being 18, maybe around age 14 - 16 range.

>>	Anonymous Thu Apr 18 05:53:53 2019 No.13363103 >>13360679 Nice house in the middle of nowhere. Most people need jobs at a minimum.

>>	Anonymous Thu Apr 18 06:01:43 2019 No.13363141 >>13356679 you will be fucked when "missus" divorces you, keeps the house and you have to keep paying it while living with your mum

Anonymous Thu Apr 18 07:19:40 2019 No.13363546

a house is not a good investment
but you need to live someplace.
So say you are 30 you'll make it till 85.

You buy a 500k house now and you pay property taxes, pay maintenance and upkeep.
At the end of the ride you have an old slightly worn down house to gift to your kids.

Other choice is to rent an equivalent property for 20k a year. Pay 1.1 million over your entire lifetime. Be significantly freer regarding where you want to live. Be significantly less free regarding any changes you want to make in the house/garden. Have nothing to pass on to kids. Also if late in life you get short for cash you cant sell your house and downsize and suddenly have enough to get by for another decade.

So imo it makes sense to buy for living yourself, not for renting it out and as an investment.
Definitely in europoor.

>>	Anonymous Thu Apr 18 07:21:46 2019 No.13363557 >>13363103 Your job can be renting out houses. Lots of jobs in that area. Just Google indeed

Anonymous Thu Apr 18 07:26:05 2019 No.13363582 [DELETED]

>>13350138
LMAO 1.15mil? Holy shit. That better be a fucking mansion with an attached dock and boat yard or you are really going to feel it when the bubble pops. Serves you right for helping make housing unaffordable for that area. Karma

Or your wife will eventually divorce you for it. I've seen it happen many times.

My God you could have bought.... Yep that's right, 15-20 houses at 50k - 70k each in the country. Helping people find affordable homes while making drops l serious bank.

Fuck you for raising rent. It's going to hit you like a train LMAO

>>	Anonymous Thu Apr 18 07:27:37 2019 No.13363592 >>13356679 400k in a stinky migrant infested area propped up by the welfare bubble Smart Next time buy 3-4 large country homes for the same exact price.

Anonymous Thu Apr 18 07:29:07 2019 No.13363603

>>13350138 #
LMAO 1.15mil? Holy shit. That better be a fucking mansion with an attached dock and boat yard or you are really going to feel it when the bubble pops. Serves you right for helping make housing unaffordable for that area. Karma

Or your wife will eventually divorce you for it. I've seen it happen many times.

My God you could have bought.... Yep that's right, 15-20 houses at 50k - 70k each in the country. Helping people find affordable homes while making serious bank.

Fuck you for raising rent. It's going to hit you like a train LMAO. And you fully deserve it for trying to be a bitch overpriced landlord taking advantage of others.

Anonymous Thu Apr 18 07:32:03 2019 No.13363617

>>13363546
500k? Why do people want to live in tiny little overpriced 2 bed houses in extremely crowded overpriced areas? Are people stupid? Or do they just enjoy the cultural enrichment?

A real house's value is 60k to 100k. Large house and yard in the country. Superior jobs and rent prospects.

>>	Anonymous Thu Apr 18 08:21:24 2019 No.13363887 >>13353685 im talking existing house with power and well but stay in your bum piss hellhole anyways

Anonymous Thu Apr 18 09:58:40 2019 No.13364555

>>13363546
Let's say you have 100k right now and you're making that decision to buy a 500k home vs rent.

400k mortgage at 3.29% (because you put 20% down) for 25 years, gives you a $1953/month mortgage payment + $400/month property tax = $2353/month

Renting for 20k a year gives you $1666/month cost, which means you're saving $687/month by renting.
Investing that differences and the 100k into an index fund which historically returns 8% in the long term, after 25 years you'd have $1.3 million. Unless that 500k house is worth more than $1.3 million in 25 years, then it's not worth a buy.

That's not even considering the maintenance costs you'd be paying on the house, if we assume 1% of the homes value for maintenance, that's another $416/month, which means you'd be saving $1103/month by renting, putting you at $1.73 million in 25 years.

I doubt we'll ever see the average 500k home hitting that point in 25 years, salaries are hardly keeping up as it is, and you can only push homes up so much.

Anonymous Thu Apr 18 10:04:43 2019 No.13364605

>>13364555
>Let's say you have 100k right now and you're making that decision to buy a 500k home vs rent.

Dude. Why not buy a 70k house and keep 30k for crypto?

Most asinine normies spend HUNDREDS OF THOUSANDS OF DOLLARS to live next to the McDonald's and the faggy ass coffee shops with "hurrr fair trade slave labor durrrr".

Just buy a fucking country house for 50k-70k. Fully loaded. Not a shitshed. Sure you won't have a starcucks nearby, but at least you'll have some air to breathe.

Anonymous Thu Apr 18 10:10:27 2019 No.13364656

>>13364605
fuck off, not everyone can get work in their respective field out in the fucking sticks, 200k is the fucking minimum if I want any reasonable commute. I'd have to move to the middle of nowhere or across the country if I wanted anything close to those prices.

>>	Anonymous Thu Apr 18 10:12:09 2019 No.13364667 File: 939 KB, 1110x822, image.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Thu Apr 18 10:15:29 2019 No.13364697 >>13350141 This is exactly why I moved back in with the parents... prolly gonna neck myself soon if I can’t find a way out. Rent is literally throwing money away but can’t afford housing. This fucking sucks

>>	Anonymous Thu Apr 18 10:17:41 2019 No.13364717 File: 137 KB, 1062x795, image.jpg [View same] [iqdb] [saucenao] [google] >>13364697

>>	Anonymous Thu Apr 18 10:20:41 2019 No.13364737 >>13364697 Whiny cunt

>>	Anonymous Thu Apr 18 10:30:28 2019 No.13364813 >>13364667 This is only the stupidest of the herd. Country homes can be had for 50k-80k. Start a growing farm business. Set for life. Nobody should ever buy a townhouse for half a million. Holy fucking shit. Why are people so easy to fool?

>>	Anonymous Thu Apr 18 10:36:36 2019 No.13364856 >>13364813 >Why are people so easy to fool? Cause they're gay lmao >freedom >democracy fucking lol

Anonymous Thu Apr 18 10:50:53 2019 No.13364990

>>13364555
at $1953 a month, about 40% of that goes into equity. the sp500 in the last 30 years has returned 7.467% in the last 30 years including dividends and adjusted for inflation. 100k will get you to 605,593.52 in 25 years with these variables. so if the townhouse even goes up by 100k in the next 25 years, adjusted to inflation. you break even and potentially lose out.

>>	Anonymous Thu Apr 18 10:55:32 2019 No.13365024 >>13364990 >equity >25 years no thanks

Anonymous Thu Apr 18 11:35:45 2019 No.13365309

>>13355199
>bethnal green.
i wonder if this is her? if she's sat sad on the road because she doesn't want to go back to her nanoscopic cuckshack?
https://www.google.com/maps/@51.5223431,-0.0491818,3a,15y,225.91h,68.84t/data=!3m6!1e1!3m4!1sB4fZpHnj2zjZNBCFURF3Kg!2e0!7i16384!8i8192
is there literally any chance of an attractive girl ever living in something like this? almost all homeless people seem to be dudes. why is nobody fighting for gender equality in homelessness?

Anonymous Thu Apr 18 11:38:40 2019 No.13365326

>>13364990
Yeah if the cost to rent and buy were the same after the mortgage payment + property taxes + maintenace, then that'd be true.
You're ignoring that the ongoing cost of renting is less than the ongoing cost of owning in this fine example, which means you have more money to invest over time.
I already said all of this in the comment you replied to, learn to fucking read retard.

Anonymous Thu Apr 18 12:04:14 2019 No.13365543

>>13363603

We're not married legally. And we fronted the downpayment of the house 50/50 between us.

We also owned 12 rental unit outside of the city. For the most part, you save on time managing tenant with city housing. But returns are lower compared to more rural areas due to the higher cost.

For example, the city house with 3 unit I own rent for 6600 total in combined rental income, 2300/2300/2000. I only need to deal with 3 family of tenant for that.

The building I own outside the city rents for about 700 per unit. That almost 10 family of tenant I have to deal with. I don't trust other real estate agents to vet my tenant for me, so I do it myself.

As for the housing market crash. Who knows, I don't claim to be able to predict the market. But as far as I can see, as long as the rental market is doing well, there is no reason to sell. In the 3 weeks I had my house up for rent, we went through almost 50 applicants. And the house rented for record high rent in the area.

>>	Anonymous Thu Apr 18 12:04:53 2019 No.13365549 >>13364656 You fucking moron. Landlord is a job you idiot. 300k is like 6 houses. Up yours Dumbass wage slave mentality. Enjoy your early retirement at 85. Good goy!

>>	Anonymous Thu Apr 18 12:07:49 2019 No.13365577 >>13364656 You are literally just hurting other people by buying those crappy overpriced homes and validating the housing bubble. You hurt others, it will come back to you. Karma always wins. Support rural markets instead, not those inflated bubbles

Anonymous Thu Apr 18 12:32:29 2019 No.13365798

>>13364667
I just live with my mom, and work.

I get the benefits and fiscal responsibility of a NEET, I have a rail system commute so I get to read books and listen to podcast on the way into work, and I'm able to put away 80% of my post tax income into 401k, IRA, ESPP, and Stocks.

>>	Anonymous Thu Apr 18 12:39:05 2019 No.13365863 >>13350091 I need the houses to be at boomer prices. 4 grand is a good sale for a home.

Anonymous Thu Apr 18 12:44:18 2019 No.13365911

>>13365549
prices are different in different areas faggot, I can drive an hour in any direction and I won't find a place cheaper than that, I'm getting plenty ahead by renting
full time landlord only works if you're cashflow positive, unless you've wage slaved enough to buy everything outright.
cashflow positive rental markets don't exist where homes are 50k. fucking name one but I know you won't because it doesn't exist
>>13365577
retard the context was about a hypothetical scenario to illustrate the difference between renting and buying.
I rent because it's a better financial choice but I'm still pissed at how overpriced everything is.

Anonymous Thu Apr 18 12:58:53 2019 No.13366032

>>13363546
>rent an equivalent property for 20k a year. Pay 1.1 million over your entire lifetime
You forgot to account for the fact that rent is most definitely going to increase, which is a major disadvantage of renting. You at least lock in your cost of housing (aside from property tax/insurance increases) when you buy, even if you have a mortgage.

>>	Anonymous Thu Apr 18 13:02:40 2019 No.13366071 >>13364555 So you're assuming rent does not go up ever over 25 years? And the house would only need to appreciate by 3.9% per year to be worth $1.3 million in 25 years.

>>	Anonymous Thu Apr 18 13:21:27 2019 No.13366230 >>13365911 Renting is the better option. You can rent an entire 3 bed house to yourself with $700 a month. Jobs are also better in the country these days. And your can farm. No incentive for young people to stay near the city.

Anonymous Thu Apr 18 13:23:00 2019 No.13366242

>>13366071
>So you're assuming rent does not go up ever over 25 years?
Fair point, that might make a difference.
This also assumes property tax rates won't increase, maintenance costs won't increase, and assumes you will never need to move from your home, since every time you have to buy/sell a house (such as for a new job somewhere else) that's going to eat away at your return.
>And the house would only need to appreciate by 3.9% per year to be worth $1.3 million in 25 years.
$1.7 million is closer to what they'd need to be worth in 25 years

>>	Anonymous Thu Apr 18 13:46:14 2019 No.13366428 File: 384 KB, 991x519, A1BDEF30-D087-416A-B443-A49EB323D6DC.png [View same] [iqdb] [saucenao] [google] >tfw about to buy 3 bed 2 bath townhome for 100k

>>	Anonymous Thu Apr 18 13:55:53 2019 No.13366524 >>13350126 I know right? What an idiot! He should buy a house in rural Alabama instead.

>>	Anonymous Thu Apr 18 14:03:54 2019 No.13366620 >be American >buy house >pay 20k in property taxes every year >get kicked out if you don't pay Boy sure is great to own property!

Anonymous Thu Apr 18 14:16:33 2019 No.13366727

>>13366620
>trying to fraudulently use governmental services

the taxes are there for a reason. literally the entire process is also in your hands politically. there is nothing stopping you from joining the board of supervisors and changing things

but hey its not like you need roads or power or garbage service, just go to the dump and use solar, amirite

>>	Anonymous Thu Apr 18 14:18:08 2019 No.13366746 >>13350113 ok what the fuck

>>	Anonymous Thu Apr 18 14:21:48 2019 No.13366779 >>13352502 >quadruple kek, try 10x in San Francisco. and I make a lot of money at my cushy job too

>>	Anonymous Thu Apr 18 14:24:01 2019 No.13366812 >>13366620 >be uk >don't pay council tax >go to prison

>>	Anonymous Thu Apr 18 14:34:03 2019 No.13366906 >>13350091 waiting for boomers to die en masse

>>	Anonymous Thu Apr 18 14:36:50 2019 No.13366936 >>13363141 based and blackpilled

Anonymous Thu Apr 18 14:44:10 2019 No.13366988

Globalisation has fucked the house market, if you think boomers dying will change anything you are wrong; inequality has lead to a rich 1% in every country who can now buy property anywhere, and they will by in USA as its waaaay more stable then the shiholes they live in.

House prices will drop when either; global recession,
Or
nationalism leads to an end of allowing foreigners to invest (and likewise our own treasure to be held offshore tax free and invested outside of the country).

Maybe both.

>>	Anonymous Thu Apr 18 15:55:41 2019 No.13367650 File: 277 KB, 469x452, 1536924019795.png [View same] [iqdb] [saucenao] [google] >>13350091 Jesus christ FUCK YOU BOOMERS

>>	Anonymous Thu Apr 18 15:59:29 2019 No.13367695 >>13366620 where do you think a landlord gets the money to pay the property taxes?

Anonymous Thu Apr 18 16:32:42 2019 No.13367999
File: 6 KB, 400x400, 1270755170834.png [View same] [iqdb] [saucenao] [google]

>>13350091
Because Central Banks created yet another bubble to please the boomers at the expense of the millennials. Fuck them, fuck everything. It' the same in Europe, if not worse because the housing market increased far more than the salaries, which are shit in the EU.

Anonymous Thu Apr 18 16:47:54 2019 No.13368140

whenever i need to remind myself how retarded /biz/ is, all i have to do is read a real estate thread and their theories about the bubble bursting and the boomers retiring. They actually think this will have any affect and that there isn't an entire generation that's much larger ready to pay for the bags. Gen X has a lot of money to spend

>>	Anonymous Thu Apr 18 18:57:44 2019 No.13369135 File: 18 KB, 480x360, 131560616593-system-of-a-down-chop-suey_music_video_ov.jpg [View same] [iqdb] [saucenao] [google] >>13350677 I... BUY... WHEN BOOMERS DESERVE TO DIE

>>	Anonymous Thu Apr 18 19:18:41 2019 No.13369312 >>13350091 Because boomer NIMBYs won’t let anyone build new housing, capitalism works great if you allow it to happen

Anonymous Thu Apr 18 20:09:35 2019 No.13369720

>>13364555
>index fund 8%
Dow Jones was 56 in 1915, thats a 6.1% increase every year. That is the best performing market worldwide during a period of massive population growth (both nationally as globally). I think 6% will be a stretch going forward.

Anyway doing your calculation with 6% and raising the rent with 500$ a year every year leads to a saved amount of 600k after 25 years

>>	Anonymous Thu Apr 18 20:13:17 2019 No.13369767 I'm saving up to have a yuge down payment on a duplex because I don't want a liability draining money from me.

>>	Anonymous Thu Apr 18 20:59:50 2019 No.13370189 >>13368140 There are less Gen x than boomers. A lot of genx are older siblings to millennials. Though they are prob more financially stable. As more boomers die millennials will become the largest generation.

Anonymous Thu Apr 18 22:02:31 2019 No.13370683

Actually purchasing my first investment property soon. Single family home in a rural area. currently cash flows really well with a decent job market in the area. the only thing stopping me is debating if being a landlord is ethical? like seeing these people paying rents as an investment seems dirty almost.

>>	Anonymous Thu Apr 18 22:06:15 2019 No.13370710 >>13370683 who says that your renters don't own their own rental property or other investments and use that income to move around?

>>	Anonymous Thu Apr 18 22:10:22 2019 No.13370741 >>13370710 that's fair and I guess I'm providing the others with a place to live they couldn't afford. And by doing so I'm taking cash directly from slum lords. so over all net neutral to good.

Anonymous Thu Apr 18 22:11:46 2019 No.13370750

>>13370683

Are hotels unethical? Rentals are long term hotels basically. People who don't wish to put down root in a specific area, rent. Those who are unsure about their financial stability, rent. So on and so forth. It is only unethical if you forgo your responsibility as the landlord to maintain your rental units to a livable standard, and abuse your tenant's inability to afford to move and so on.

Anonymous Thu Apr 18 22:15:44 2019 No.13370777

>>13370741
unless you get it at a cheap price to rent ratio, if you finance. your cash flow will initially be roughly neutral, only after the rent builds significant equity after paying off interest, taxes, fees will it start actually becoming an investment

it comes down to price and becoming a creditor as opposed to a debtor

Anonymous Thu Apr 18 22:20:46 2019 No.13370820

>>13370777
Based on listing price and my down payment, what it's currently renting at plus expenses and capex it's cashflowing really well. ~25% cash on cash.

But I agree as long as I maintain my landlord responsibilities I'm being ethical.

plus I'd much rather hold my wealth in physical assets than trust JP Morgan and friends to hold mine. Especially after that shit some of those exchanges did at the end of 2018 removing those volatility indexes.

>>	Anonymous Thu Apr 18 22:28:33 2019 No.13370867 this is because of immigrants we need to stop them all

>>	Anonymous Thu Apr 18 22:55:46 2019 No.13371016 >>13350105 >2013 muh bubble >2014 muh bubble >2015 muh bubble >2016 muh bubble >2017 muh bubble >2018 muh bubble >2019 muh bubble >2020 muh bubble >2021 muh bubble >2022 muh bubble >2023 op necks himself

>>	Anonymous Fri Apr 19 00:10:05 2019 No.13371389 >>13371016 >>2013 muh bubble >>2014 muh bubble >>2015 muh bubble >>2016 muh bubble >>2017 muh bubble >>2018 muh bubble >>2019 muh bubble >each of those was a real year God what have I done with my life?

>>	Anonymous Fri Apr 19 00:16:58 2019 No.13371415 >>13350091 > 3419sq ft

>>	Anonymous Fri Apr 19 02:38:31 2019 No.13372097 File: 89 KB, 960x554, san franshitsco.jpg [View same] [iqdb] [saucenao] [google] >>13350091 Location location location

Anonymous Fri Apr 19 03:06:42 2019 No.13372213

I’ve been trying to buy a house for the past month because renting is throwing away your money and had to get a job because Crypto/Stocks/Online selling requires 2 years of tax reports to be considered eligible income but a $14/h job alone gets you laughed at when you try to get a loan even with a 40k down payment. Going insane

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance