/biz/ - Business & Finance

[Anonymous No.22849128]

Why aren't millennials buying houses?

[Anonymous No.22849263]

>>22849128
>tfw early zoomer
>tfw I’m planning on buying my first house early 2021

It seems like Millennials are more interested in renting shitty, overpriced apartments in the inner-city desu, my sister and her husband didn’t buy their first house until they were nearly 30

[Anonymous No.22849291]

>>22849128
Because they wanna live in da city wit da negros, not with white Christians

[Anonymous No.22849315]

>minneapolis
it could be free and I wouldn't take it.

[Anonymous No.22849349]

>>22849291
looks like shit

[Anonymous No.22849359]

>672 sq feet
>300k
>Minneapolis where they have race riots daily and just decided to disband their police
>this thread again
>people not options fielding

stop

[Anonymous No.22849376]

Because nobody wants to buy boomer bags in the economy that they broke.

[Anonymous No.22849381]

>>22849263
Not everyone is a hillbilly

[Anonymous No.22849445]

>>22849128
>Minneapolis

How is there any value left in that shithole?

[Anonymous No.22849454]

>>22849128
these threads are funny but housing sales are on fire and millennials are the primary buyers.

[Anonymous No.22849481]

>>22849359
>>22849445
all cities have nice areas and some nice surrounding suburbs

cmon... think a little.

[Anonymous No.22849503]

I actually just got a townhouse in Eagan, MN not too long ago with twice that area and for 50k less.

Never understood the need for living close to the cities. I can easily get everything I need right where I'm at.

[Anonymous No.22849505]

>>22849291
people live near their job

[Anonymous No.22849509]

Want to, but I have to move 4289 km away to afford a home. Otherwise standard wage it'll take 40 years to pay off a home.

[Anonymous No.22849511]

>>22849291
thats a fucking trailer

[Anonymous No.22849526]

>>22849481
wow, it's a nice suburb!? suddenly I want to pay 300k for SIX HUNDRED SQUARE FEET. REALLY LOOKING FORWARD TO 6 MONTHS OF WINTER!

[Anonymous No.22849529]

>>22849128
Because they all want to live in SanFran and Manhattan.

[Anonymous No.22849545]

>>22849503
Living 30 minutes away from whatever city is just fine, allows for a reasonably quick commute to a wealth of job opportunities.

[Anonymous No.22849548]

>>22849511
Kek, dude really was keen on leaving that piece out.

[Anonymous No.22849559]

>>22849128
LOL. Is that literally the starting home from The Sims?

[Anonymous No.22849569]

>>22849128
we're waiting for the correction after boomers die off

[Anonymous No.22849597]

>>22849349
>>22849511
>>22849548
Stay oblivious to the power of Western Iowa. Better real estate pricing for when I make it in 2022

[Anonymous No.22849612]

>>22849545
Sorry, I should have specified in the cities. I'm actually about 20 minutes from Minneapolis and St. Paul.

[Anonymous No.22849619]

>>22849454
Expected from normies, however, here in UK our generation is the highest "living with parents" generation since well, since ever lol.

Even with my higher income salary I'm still with my parents because its so ridculous.

People with IQ above 90 or maybe 100 figure out that economically wise to stay with mummy and daddy for as long as possible to build a capital backing before going into super debt/have zero money then having no money when your 30 (other than your "house" doesn't seem to help my parents pay for food with their non-existent pension though)

[Anonymous No.22849633]

>>22849597
I'm not knocking Iowa. I'm knocking the fact that your first example was a trailer park house.

[Anonymous No.22849641]

>>22849128

Because they're a garbage, illiquid investment that requires constant maintenance. The stock market outpaces housing and crypto will vastly exceed both over this decade at the least.

Only reason to buy a house is if you're settling down and starting a family or you plan to rent it out and become a landlord. Otherwise your capital is better off elsewhere. If you really want hassle-free exposure to real estate, buy a REIT ETF and using the divis to pay your rent.

[Anonymous No.22849710]

>>22849597
Man..... that is so cheap.....

Standard price around me in Aus averages $450'000 for a shitbox.....

[Anonymous No.22849719]

>>22849619
more immigrants a year than houses built a year was probably a mistake lol

also yeah its always technically financially wise to live at home. but thats not really living and many people move for work.

next youll figure out you can live at home and wait for your parents to die and you can just get the house lol. genius.

but yeah housing/rent isnt as fucked here in the US and i make 145k a year.

[Anonymous No.22849998]

>>22849710
Lmao exactly, these threads make me laugh Americans have no idea how bad things really are.

[Anonymous No.22850430]

>>22849597
>western Iowa
I'm so sorry, anon.

[Anonymous No.22850567]

>>22849359
This is just the beginning

[Anonymous No.22850745]

>>22849128
I want land more than a house, I live in a 11x9x8 room sleep on the floor (futton) and I don’t have any furniture other than a pantry rack, a chair and a table.

[Anonymous No.22851220]

>>22849710
Gotta pay for that "free" healthcare somehow!

[Anonymous No.22851266]

>>22849633
Nothing wrong with knocking Iowa, fren.

[Anonymous No.22851271]

Why aren't houses cheaper?

[Anonymous No.22851348]

>>22849128
dude this thread gets posted like once a week, with the exact same picture and title, shut the fuck up already

[Anonymous No.22851414]

>>22849263
You'll never experience the advent of internet in your formative years. Wouldn't trade it for anything, early internet and fourchannel were incredible. Your dating scene is fucked too. Enjoy the house

[Anonymous No.22851452]

>>22851220
That has nothing to do with it. All these chinks and poojet fucks coming in are what is driving up prices to the moon.

[Anonymous No.22851631]

>>22851452
Of course not. The welfare state funds itself, right?

[Anonymous No.22851736]

>>22849597
>Ida Grove population: 2,000
I don't need to live in a big city, but this is just too small