Big city real estate

[Anonymous No.18994945]

Is it over?

[Anonymous No.18995021]

>>18994945
Nobody sane wants to live in an overpriced concrete shit hole, and the illusion of getting rich there is now so ridiculous even the dreamers don't believe it.

[Anonymous No.18995069]

>>18994945
Yes. My work is shifting to remote work. If i only need to go to office once a week i can live 2 hours from office.

[Anonymous No.18995092]

>>18995069
soon they will realize your job is 100% bullshitting and you will get fired

[Anonymous No.18995140]

>>18994945
Seems like it. Or at the least, seems like the peak for prices in real terms.

You take a look at all these massive Class A/B apartment/residential REITs taking in a bunch of money underwriting investments at 4.2-4.5% cap rates borrowing money at 4%. Now that's an average cap rate of 4.2-4.5% and that's at 95-97% occupancy. In hot markets, they go as low as 3% cap rates, but the debt is still taken out at 4%. Essentially most of the gains in the past few years have been due to appreciation. REIT holders have done very well.

Well it's a double edged sword. People have seen how living in the city is unsanitary and can lead to massive disease outbreaks. Working from home has gotten huge traction too. So if they are given the option of suburbs vs the big city their choice will be very different than last year.

Now I could be wrong. If we go to negative interest rates that could delay the bubble from popping, and we could see 3% cap rates in Class A real estate nationwide, although I'm sure that is not not sustainable.

[Anonymous No.18995142]

>>18994945
>>18995021
>>18995069
>>18995092

The only people who live in cities are sexual deviants. Look at NYC in the 80-90s. It was full of porn and strip clubs. Fucking degenerate.

That culture caused people to flock to that overrated shithole.

[Anonymous No.18995160]

>>18994945

i live in manhattan, already have my move to the country planned for january 2021

[Anonymous No.18995406]

cityfag here. will taxes skyrocket? I don't want to leave because heterosexual sex is so easy here

[Anonymous No.18995426]

>>18995160
>living in NYC
kek
>>18995406
>having sex before marriage
Enjoy the city of sin and stress, faggot

[Anonymous No.18995450]

>>18995142
We have plenty of insulated conservative immigrant communities here. Obviously kids are going to race mix because they're all intermingling in public schools and it's a forbidden pleasure. I was dating a Muslim girl from Queens and her parents were not happy about it when they found out. We basically had to hide it from them. I was still banging her out after school all the time. Sometimes I told her to leave her hijab on just for the kink. On second thought maybe you're right about the degeneracy.

[Anonymous No.18995461]

>>18995426

I don’t really regret it, moved here in 2016 and saved a lot of money. But it’s time to move on nobody should stay here long term

[Anonymous No.18995468]

>>18994945
Not over. That 1.2 million studio apt might go for 1 million now, but they are all bluffing. They're not giving up the Opera, Clubs or $200 brunches to live in the middle of nowhere and go to Waffle House. Tho I love Waffle House.

[Anonymous No.18995481]

>>18994945
City's were always fucking shitholes countrychads finna rise up

[Anonymous No.18995514]

STAY IN YOUR FUCKING SHITHOLES YOU COMMiE SCUM
FUCK FUCK FUCK FUCK
YOU RUIN EVERYthiNG
FUCK OFF WE ARE FULL

>>18995160
Fuck you FUCK YOU GET OUT NORMIEEEEEEEEEEEEEEEEEEE REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
KEEP YOUR AIDS wher eit belongs

[Anonymous No.18995547]

>>18995406
The fact that you call it heterosexual sex makes a person assume you take it up the ass on a regular basis.

[Anonymous No.18995567]

Speaking for Europe, its always been overvalued because 2nd home buyers, chinks, arabs and russians have always needed a STORE OF VALUE lulz. A bit like the American housing crisis in 08 except the value never went down because the kids of boomers needed the city and Airbnb also allowed you to make money while still speculating the actual property. They'll still need the city tomorrow but right now its going to go to shit, Unfortunately all that will do is allow the billionaires to buy out the millionaires.

I'm as pro-market as they come but i genuinely think property needs to be a state-operated industry or squatters should just take over empty flats. Landlords are going to be few and far between and they're gonna owe our cities.

In the short term though > Look at Dublin and realise that's what's coming to every major European city : people making six figures still having to live with mom and dad

[Anonymous No.18995588]

>>18995450
>I was dating a Muslim girl from Queens and her parents were not happy about it when they found out. We basically had to hide it from them. I was still banging her out after school all the time. Sometimes I told her to leave her hijab on just for the kink. On second thought maybe you're right about the degeneracy.

>On second thought maybe you're right about the degeneracy.

Absolutely degenerate

[Anonymous No.18995643]

>>18995588
It is, but my point is not everyone moves here to be degenerate, people expect their daughters to hold on to their virginities and are shocked when they find out they're getting dicked down by kafirs

[Anonymous No.18995708]

>>18995643
No one cares THAT U FUCKED A MUSLIM
JUST STAY OUT OF THE COUNTRY
TAKE THE SUBURBS I DONT CARE, NO one cares
YOU FAGGOTS HAVE TAKEN ALL THE HOUSING NEAR ME FLEEING YOUR ROACH INFESTED RATHOLE
FUCK OFF FUCK OFF FUCK OFF
Nigguhs getting DIPPY YUH RICKY GOT THE SPlippy yUH
HIPPITY HOPPITY

[Anonymous No.18995741]

>>18995142
Are you a repressed homosexual? I’m here if you need to talk <3

[Anonymous No.18995771]

>>18995708
I'm going to move into your town and vote democrat so that it becomes as much of an overpriced shithole as new york

[Anonymous No.18995802]

>>18995771
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.18995819]

>>18995741
FUCK U FAGGOT
>get aids and die
FUCK U FAGGOT
>get aids and die
FUCK U FAGGOT
>get aids and die
FUCK U FAGGOT
>get aids and die
FUCK U FAGGOT
>get aids and die
FUCK U FAGGOT
>get aids and die
FUCK U FAGGOT
>get aids and die

[Anonymous No.18995892]

>>18995708
VERY BASED AND SCHOOL SHOOTER PILLED!

[Anonymous No.18995918]

>>18995160
>>18995406
stay in your fag towers and stay out of dixie

[Anonymous No.18995928]

>>18995514
>>18995708
>>18995802
>>18995819

I have enough saved to buy a house in cash now. Plenty of nice land too! Maybe if you want one you should also be ambitious and go where the money is instead of working at your local fuddruckers

[Anonymous No.18995933]

>>18995406
hey anon, I think if taxes skyrocket people will just leave. so no, that won't happen, in fact trump has tweeted about reducing/eliminating capital gains taxes.

[Anonymous No.18995941]

>>18995933
thanks anon, you're so smart! I am looking forward to cashing out tax free :)

[Anonymous No.18996174]

>>18995802
Just kidding, if I ever move to a small town I'll be voting straight R to keep it the way it is

[Anonymous No.18996209]

moving van into country goes BRR

[Anonymous No.18996224]

>>18995468
bro I love waffle house too
I live in Chicago though :((

[Anonymous No.18996252]

>>18995092
Sandwich artist cope.

[Anonymous No.18996261]

>>18994945
This will be a very minor motivator, looks like a clickbait article.
People will still want to live in cities but they will move to cities like Charlotte and Nashville instead of Chicago and Boston as the paradigm shifts and WFH becomes the standard model. The WFH model will become more standardized as companies are realizing that their labor can get the same amount of production done at home as they can at work therefore why pay the overhead for a lease in a big city to attract people? On top of that, why not head quarter in a more tax friendly state since you don't need to be in NYC, Boston, SF, etc.
I can't wait to see all these bitch ass blue states lose their revenue for their gay fucking nigger programs.