Why Aren't Millennials Buying Houses?

[Anonymous No.16062535]

[Anonymous No.16062587]

>>16062535
holy shit, that is retardedly expensive. Basically 74k a motherfucking year AFTER taxes.

Disgusting.

[Anonymous No.16062606]

>>16062587
what is that, like 110k a year or some shit like that? You have to make that much for THIS?

[Anonymous No.16062681]

>>16062535

just hodl and we'll get their castles in the end boys

[Anonymous No.16062718]

Because my seven figure inheritance comes with a house, so I don't care to pay a bank 40% of the home's value in interest while prices are this high.

[Anonymous No.16062728]

>>16062535
imagine paying over a mil for this POS.
the world is really fucked

[Anonymous No.16062750]

>>16062535
oh wow its another why arent millenials thread... we get like 3-5 of these a week. kill yourself queer you're shitting up the boardwith low quality posts

[Anonymous No.16062809]

>>16062535
Thy are, just not in overpriced municipalities.
https://www.thepennyhoarder.com/save-money/best-cities-for-millennials/

[Anonymous No.16062831]

>>16062535
Fuck boomers and there retarded house prices I have a 3 bdr 2 ba 1500 sq ft house that was built literally 2 years ago for $190k lmao why do northerners pay this much for old houses

[Anonymous No.16062845]

>>16062535
BECAUSE THEY'RE GAY AND THEY HOLD CHAINLINK

[Anonymous No.16062849]

>>16062728
price is mostly determined by location and comparables.

[Anonymous No.16062869]

>>16062831
>muh free market
The issue is real estate is for profit and has very little regulation here. The prices are arbitrary. They easily could price the home 5x more and get away with it

[Anonymous No.16062881]

>>16062849
which is fucking retarded. Location should have 0 effect. Real estate is not a luxury, it is a necessity and homes for minimalists should be a thing. This is one of the KEY reasons why we are forced to wagecuck for 40+ years. A lack of affordable housing due to corruption.

[Anonymous No.16062892]

>>16062535
Not surprising. That's the most waspy area in Massachusetts. It's like living in 1776.

[Anonymous No.16062998]

>>16062606
That's assuming you cough up $200k for the downpayment goy

[Anonymous No.16063257]

>>16062535
>72k a year mortgage for a starter home

[Anonymous No.16063395]

Massfag here, that area is for executives, specialist doctors, Corp lawyers, foreign money launderers, etc that clear 250k and up. There's so many doctors here with artificially high salaries.

Regular wagies buy 300-500k houses in finland-tier school districts that are 45min -1.5 hours from boston. Some take the train, some drive. The real cost of living here is (stressful) commute time

[Anonymous No.16063418]

>>16062831
Lower crime, good public schools, walkable cities. At least in New England

[Anonymous No.16063435]

>>16062881
Supply and Demand isn't a conspiracy based on corruption. There are less and less desirable living locations because of the diversity meme so people are willing to pay extra to live in a nicer place

[Anonymous No.16063501]

>>16062881
holy fuck youre retarded lmao

[Anonymous No.16063502]

>>16062535
you faggots need to stop being so poor this is a nice house in a probably very safe neighbourhood so what are you incels complaining about?

[Anonymous No.16063539]

>>16063502
Yes! Look at "millionaire's row!" Now come on in and sign a mortgage after your 70 hour work week!

[Anonymous No.16063570]

>>16063435
I think it probably has more to do with housing being treated as a speculative investment

[Anonymous No.16063612]

>>16063502
It was good neighborhood in 1997 too when it sold for 323k in pretty much the same condition it is now.

[Anonymous No.16063839]

>>16062750
it's part of the left/jidf/chinks new tactic to muck up the board with "millenials blah", and "muh late stage capitalism" threads.

[Anonymous No.16063874]

I don't listen to the radio often, only once every few weeks to get assessments of the market based on ads. I heard, for the first time ever---a radio ad on a seminar on "How to make money selling real estate"

THE BUBBLE IS ABOUT TO FUCKING POP

[Anonymous No.16063885]

sorry boomer you're not getting my money

[Anonymous No.16064157]

>>16063612
>things get more expensive
OH NO NO NO how can the poor millennial snowflakes cope. do you think inflation was invented by your generation? thats why you work hard and apply yourself to climb the corporate ladder and make more money. i swear to god your entire generation is just fucked up beyond recognition.

[Anonymous No.16064167]

>>16062535
1.1m for the small property? What the fuck it’s cheaper in California even . Boomers are going to crash the real estate market

[Anonymous No.16064168]

>>16064157
>Inflation is 260% in 20 years
>You need to be a corporate executive to afford a 2000 sq ft house 30 minutes from downtown
wut

[Anonymous No.16064181]

>>16063539
Ahahahahaha that’s so pathetic that’s not a millionaire street at all

[Anonymous No.16064191]

>>16064157
Fuck you jew boomer shill

[Anonymous No.16064202]

>>16063839
I only make $95k and my wife makes about $83k. we just got married and we had scholarships and no student loans. I wont say my wife's age but I'm 31. that looks like a nice house we're close to closing on one just like that. ty

[Anonymous No.16064218]

>>16064202
>I wont say my wife's age
probably older than you amirite? lmao enjoy those roast beef curtains and autistic children

[Anonymous No.16064261]

>>16062535
I wasn't here for 6 months and this Boomer still makes this threads.
Kek

[Anonymous No.16064273]

>>16064202
damn anon thats a good fucking payload. mind if i ask what general field you work in? getting paid like that by the time im 31 is my dream

[Anonymous No.16064303]

>>16062535
the most i would pay for that POS is 90k

[Anonymous No.16064315]

>>16062728
>POS
looks like a nice house to me, and it's in Massachuchu in what looks like a white neighborhood, so that's gonna raise its value. I don't think it's worth $1M, but it's certainly worth a couple hundred

[Anonymous No.16064577]

whats the point in being tied down to house? dont you have to a pay a shit ton in property taxes? why not rent at that point? only reason i see in buying a house is to flip it or rent it out.

[Anonymous No.16064823]

>>16063257
5 bedrooms is not a starter home.
>>16064202
i hope the price is a lot lower than that. that's a big mortgage for <$250k in income.

[Anonymous No.16064874]

just go to that neighbourhood and shoot a gun every other night until it's a sensible price

[Anonymous No.16065517]

>>16064874
Kek

[Anonymous No.16065546]

Lads

where is the housing market going next?

oh and join xaviers school for stock/crypto/investing talk. smart people
discord dot gg
/pxzVVD5

[Anonymous No.16065556]

What would you guys say is a fair price for the house in the op? What would you pay for it?

[Anonymous No.16065600]

>>16064823
not really we both work hard and save our money. you guys could do it too if you believe in yourselves

[Anonymous No.16065604]

>>16063435
I didnt call it a conspiracy. Im saying homes shouldn't be for-profit.

[Anonymous No.16065671]

>>16064202
> I wont say my wife's age but I'm 31
Ryan?!?!

[Anonymous No.16065690]

This market is never correcting itself again, is it?
11 years of just straight incline. It's all so tiresome.

[Anonymous No.16065698]

>>16065600
i bet your wife is old af tho

[Anonymous No.16065886]

Cut out immigration.

Put a cap on children especially if parents are criminals/unemployed

There you go I fixed everything

[Anonymous No.16065909]

>>16062681
This is a great picture

[Anonymous No.16065917]

>>16062535
not this faggorty again...
is this a pscho who keeps posting this or a sentiment analysis.

[Anonymous No.16065944]

>>16062535
$700/month on property taxes
$300-400 maintenance
literally 1k/month rent

The first step was making it hard to purchase a house
Second is, making it hard to own one

[Anonymous No.16065973]

>>16062849
No. The price is determined by how much people are allowed to borrow. Central banks not only suppress interest rates to pump up asset bubbles, they also cover the risk that banks would normally be exposed to by lending money to people they know can never repay it, so banks lend to every fucker. Destroy central banks and banks must be responsible again and house prices will return back to the historic average of 4 times median average single person salary. Make it illegal to lend money and houses will probably drop to about 2 times annual salary. On the other hand, give ervery person the opportunity to borrow $infinity, then the average house price will be $infinity (but historically bubbles eventually fuck the entire economy). Central banks must be destroyed!!!

[Anonymous No.16065998]

>>16064874
Actually sounds like a good plan

[Anonymous No.16066005]

>>16065973
The only supply and demand is the supply cheap money and demand from speculators. The supply and demand that people go on about is a myth, there have never been as many empty homes across the developed world as there are now (with the exception of after the great plagues and the two world wars).

[Anonymous No.16066022]

>>16065917
It's glow demoralization bots. BUt the point stands.
Also > built in fucking 1942 high quality 80-year old plywood and vinyl siding so you can sla your entire life staying at the same place..just fuck my shit up senpai

[Anonymous No.16066051]

>>16065600
my wife and i are both in our early 30s and make six figures each, but our monthly mortgage payment is <$2k. we could write a check to pay off the balance but it is at 3.625%, so it isn't worth it. we're saving a ton of money by not having a $5k mortgage.

[Anonymous No.16066310]

>>16062881
>Location should have 0 effect on the houses price

Delusional retard detected, go back to your antifa rally you soi boi cuck

[Anonymous No.16066342]

>>16064202
>I wont say my wife's age but I'm 31

Sounds like you married a 40 thot who hoped off the clock carousel and right into your beta male lap

Congrats on your table scraps

[Anonymous No.16066366]

>>16062881
Bro, do you want to live next to secluded beach or in a goddamned ghetto where the sewer lines are broken and you hear gunshots every month? There's a price tag difference determined by the amount of people who'd say yes to which option versus the other.

[Anonymous No.16066726]

>>16064202
>95k
Cucked from being in the top 10% eh? 100k or more is where the real Chads are.

[Anonymous No.16067276]

>>16066310
I raffed at pic

[Anonymous No.16067441]

>>16066366
>>16066310
Again, location should be 100% irrelevant. Period.
It's just an arbitrary price that results in trapping people in the rat race longer.

[Anonymous No.16067451]

>>16066310
not an argument, retard. Homes shouldnt be for-profit. That is the number one reason america is shit. Overpriced housing, brainlet.

[Anonymous No.16067484]

>>16066051
Based. Same situation, comfy AF.

[Anonymous No.16067498]

Millenials are buying houses. Show proof that they arent faggot

[Anonymous No.16067517]

>>16067498
Homeownership rate is much lower than boomers and Gen X when they were the same age.

[Anonymous No.16067531]

>>16067517
>b-but millennials can buy phones!

[Anonymous No.16067543]

>>16067451
Some areas are more desirable than others... a house on the water in Boca is not the same as a similar sized home in West Virginia

[Anonymous No.16067563]

Questions for home-owners here

>your down payment
>monthly mortgage
>how much you had saved before you were comfortable buying a house

[Anonymous No.16067574]

>>16065604
Yes they motherfucking should >>16066366
and you can thank your government for that, because rest assured they're thanking you.

[Anonymous No.16067944]

>>16067563
All in AUD.

>35k
>860
>not sure what this means

[Anonymous No.16067957]

>>16062535
Not enough gravel.

[Anonymous No.16067968]

>>16062892
Is Boston based?

[Anonymous No.16068038]

>>16062881
You’re dumb as fuck. It’s expensive to keep away undesirable people legally. It’s the only fucking way to ensure your community isn’t going to get btfo by jamals
Trust me once a bunch of black people move into your neighborhood it’s over. I’ve seen it happen with my own eyes.
t. Atlantafag

[Anonymous No.16068053]

>>16068038
A McMansion in Gwinnett will get you a trap house in Boston. Not comparable

[Anonymous No.16068083]

>>16068038
>the only way to separate shit people is by making homes overpriced!
kys, retard. One of the reasons people even turn to crime is BECAUSE of financial instability, you STUPID motherfucker.

[Anonymous No.16068125]

>>16065973
>No. The price is determined by how much people are allowed to borrow.
literally the only non retarded answer in this thread. this is all thanks to credit clowns who wanted to keep up with the jones' and should instead have kts.

[Anonymous No.16068144]

Job security is non existent

25 and have already been through like 15 jobs

[Tentanon No.16068344]

>>16064315
>t. Poltard

[Tentanon No.16068377]

>>16064315
>>16068344
Also you retarded poltards realize that you can build a dream home for 50k, away from niggers, and that includes the land? Of course not you're fucking retarded

[Anonymous No.16068418]

Wait a decade, all the Boomers will have no young families to sell to (and immigrants fit 4 families in one shack so good luck having them make up the shortfall).

[Anonymous No.16068436]

>>16068377
if you don't mind a 3 hour commute one way, yes you can.

[Anonymous No.16068533]

Excessive housing prices stems from the injustice of being able to own land since it's an inelastic and we all need it. This makes it an investment in which the price is much higher than the utility it provides due to the premium paid for future increasing prices.

If we taxed the full value of land such that nobody could profit off of simply owning it, than the value of houses would be only in it's utility, and of commercial real estate only in the profits from running their business.

Read pic-related.

[Anonymous No.16068552]

People say the bubble will pop soon. Does this mean cheaper homes for purchase? What will a million dollar home drop to?

[Anonymous No.16068650]

>>16068533
making land public property will just make everything turn to shit, as it would be illegal to defend anything nice that you spent time and money building.
that's a real quick way to turn everything into 3rd world tin houses.
just look at cuban slums.
and the racket you're describing will just be a few government licensed sellers who will become the corrupt middleman.
just find a city who has zoning laws that you like and build there. communism will make housing more expensive and rare.

[Anonymous No.16068656]

>>16062681
Can't place that there milord

[Anonymous No.16068661]

>>16065917
It's a psyop campaign orchestrated by Big Rental trying to keep people away from homeownership.

[Anonymous No.16068673]

>>16066726
180k + no debt is the real chad cutoff

[Anonymous No.16068844]

>>16068377
The only way this works is if:
You have a long commute which over time takes away a large portion of your life.
OR
You have a full time work from home job. With many companies pulling back their WFH perks, these jobs are becoming more difficult to find.

[Anonymous No.16068862]

>>16068650
> He didn't read it

[Anonymous No.16068918]

>>16068650
The idea is that you can own all improvements on the land, but must pay a tax on the land you use that captures all of it's rent value.

Georgism is much closer to Capitalism than Communism, and land value taxes are much easier to implement and less game-able or prone to corruption than income taxes for example. You can't hide land, and unlike in businesses that produce goods, the value of the land is not created by the owner, but the community and opportunities surrounding it.

[Anonymous No.16069009]

>>16062535
I'm a millennial. I just bought a property; it's less than 1 tenth the value of that piece of shit though.
>>16065973
u right
/wealth effect/ thanks to our former lord and savior Janet Yellen
They're giving out mortgages for 3% down now - they just require a little mortgage insurance that's only $50 a month or something, fucking lmao

[Anonymous No.16069038]

>>16062831
We have less niggers than you though.