Priced out of the housing market... permanently?

[Anonymous No.25860859]

I just read a yahoo finance article suggesting middle class people in America will be priced out permanently.

I’m really freaking out to be honest. My budget is 380k, and could go to 400k depending on the area... it just depends on taxes, some areas are more affordable at that price because of lower taxes. But unfortunately, zero homes come up.

I have more than enough money to put down. I cannot save more to to make this any easier. Unless I saved another 100k to put down on top of the already 20% I plan to put down! I suppose. But of course the house would have higher taxes.

I don’t know what anyone can suggest. What am I asking here? I am hoping someone will say it isn’t so that buyers are permanently priced out.

[Anonymous No.25860882]

>>25860859
Most houses get listed in the spring

[Anonymous No.25860898]

Use that 20% on PNK to get enough gains for a nice place, no mortgage.

[Anonymous No.25860919]

Just stop looking in city centers dumbass

[Anonymous No.25860950]

>>25860919
I am in the Boston area, northshore. I want to stay northshore without having to go to Haverhill. There’s just nothing at all here.

[Anonymous No.25860952]

It's true, your only shot at life is a gamble in the shitcoin casino. Otherwise fellatiate a shotgun out back and use a tarp please.

[Anonymous No.25860954]

it's worse in canada. they added rules to make it harder for you to qualify for a mortgage so now you have to earn 200k a year just to qualify for a 400k mortgage

[Anonymous No.25860987]

>>25860859
>My budget is 380k, and could go to 400k depending on the area... it just depends on taxes, some areas are more affordable at that price because of lower taxes. But unfortunately, zero homes come up.

lmao.
imagine spending half a million dollars on some cardboard 1000sq ft piece of shit because you want to live around niggers in section 8 housing and bugmen in commiefornia/portland/*insert faggot hipster city here*
I'm sure living right next to the PoC cultural arts museum and the ethiopian craft gastropub makes it worth it though.

[Anonymous No.25861026]

Don't care. Never buying.

[Anonymous No.25861053]

Housing market is tanking THIS YEAR. Don't worry about it.

[Anonymous No.25861077]

>>25861053
Why would it be tanking this year?

[Anonymous No.25861092]

>>25861053
Hopefully. Seems unless you have a really good paying job, most millennials and gen-z generations will have to hope for inheritance.

[Anonymous No.25861186]

>>25861077
Moratoriums have to end sometime. People still won't be able to pay their mortgages/rent along with all of the backpay that has accumulated. Higher rate of foreclosures turning it into a buyer's market.

[Anonymous No.25861235]

>>25861077
there's millions of backlogged pending foreclosures

[Anonymous No.25861264]

>>25860859
Here is your advice:
Don't worry about having 20% down. If you have PMI you probably won't by the end of the year so don't sweat it. Don't worry about making minimum payments on a 30 year loan, it's the smart thing to do right now with inflation higher than interest.
Get in a house and do it now.
>Get in a house and do it now.
Get in a house and do it now.
>Get in a house and do it now.

[Anonymous No.25861325]

>>25861077
It's not.
>>25861235
Not in my state, there's very few actually, and investment firms will be fighting over them. Home ownership will go down while homes consolidate into the hands of the wealthy who will conspire to price you out indefinitely.

[Anonymous No.25861440]

>>25860950
I’m having a hard time working within a similar budget, and I’m in FUCKING RENO, NV. Kill me.

[Anonymous No.25861469]

>>25860859
Why buy if you can just rent lol

[Anonymous No.25861531]

>>25860954
Wtf. Why?

[Anonymous No.25861535]

>>25860859
Find the right realtor. Shop realtors. If your realtor sucks and isint getting the job done, firem then and get a new one. This is how I got my house.
t. Presold never hit the market 555k house in so cal

[Anonymous No.25861536]

>>25860859
Rent and invest you fucking idiot. Buying a house now and you will not see a rise in value for another 15 fucking years. Yahoo finance employs morons who make clickbait for a living because they are desperate to justify their existence.

[Anonymous No.25861576]

>>25861186
i'm pretty sure joe and kamala won't let moratoriums won't end for blacks, hispanics, asians, women, trannies, or holocaust survivors

[Anonymous No.25861661]

>>25861535
>550k in so cal
No one wants to live in Bakersfield or riverside.

[Anonymous No.25861665]

>>25861077
>tanking
that will be entirely settled by localities. overall housing will 100% decrease by some percentage, but obviously certain cities will be hit significantly worse than others. evictions and foreclosures have to restart at some fuckin point, and there are simply too many average joes with
>less jobs available than previously
>less overall incomes than previously
>dwindling savings

chinks and reits have zero interest in random suburbs in less-than-prime markets. no investment firm is gonna buy up foreclosed houses in like fuckin bloomington, they're going for the downtown areas in like SF/PHX that they can redevelop into condos.

100% a dip will occur, but for some areas, itll be a crash

[Anonymous No.25861713]

>>25860954
>>25861531

So profiteering boomers can run with Chinese cash in hand when Chang and his 11 cousins cram into some 4 bedroom in Burnaby

[Anonymous No.25861793]

>>25861661
Bought a house in Norco for 500,000 in may, house is now appraised at 600,000 so apparently someone does

[Anonymous No.25861904]

>>25860859
It's literally a top signal.
>Muh houses will always be parabolic
>*Shits on bitcoiners*

[Anonymous No.25861946]

>>25860859
Yahoo says prices are going up. If that's what you're convinced of then you put down 5% and spend as much as your lender will approve.

[Anonymous No.25861968]

Why would you buy a house OP? YUUUUGE mistake. That's how you get locked down to one location and taxed to shit. Maintenance fees will go through the roof the older your house is. BTC is the new house for now

[Anonymous No.25862005]

this is literally buying the top of the housing market.
because of low interest rates, and low faith in stonks mid to long term, housing is at it's peak. people are buying for well above market price.

there will be a dip though. not 08 levels of dip but rents will be very very high since these are ""income"" properties that are being amassed.
normie income will be low as the economy slowly recovers from covid and everyone realises the only place hiring is amazon.

[Anonymous No.25862006]

[Anonymous No.25862009]

>>25860859
Nah thats bullshit, I would calm down. We will have a slight correction soon if you can't wait. Interest rates need to start going up in 2023 or rather they need to or face consequences. You got a boomerpocalpyse by 2025 and this is worldwide mind you. If you though covid was bad, oy vey! Also another pandemic shitstorm may or may not be repeated 10 years after.

[Anonymous No.25862036]

>>25862006

[Anonymous No.25862077]

>>25861793
>norco
You have to go back!

[Anonymous No.25862092]

>>25862005
>because of low interest rates, and low faith in stonks mid to long term, housing is at it's peak.
i dont believe for a second that more people are putting money in real estate over stocks at the moment. that said, yes low interest rates cause real estate valuations to increase, but the main factor is lack of sellers. no one is moving right now, no one is getting foreclosed/evicted. if you want to sell right now, you have almost free reign since there's no competition

[Anonymous No.25862148]

>>25861661
I live two or three blocks from the beach

[Anonymous No.25862208]

Don't worry bro, the Biden economy will collapse everything. You'll be able to buy an entire house with your savings soon enough.

[Anonymous No.25862222]

>>25862077
I’ve been here since 06 there nowhere to go back to. And hate Norco all you want but our restaurant still seat indoors. Get back to blowing Newsome while Garcetti pounds your ass during a parking lot dinner

[Anonymous No.25862370]

>Yahoo finance
>Yahoo anything for that matter

[Anonymous No.25862428]

>buying a house with 20 percent down
>2021

5 percent is all you need, use that money for maintenance and other shit. The mortgage payments between 5 and 20 percent down is literally peanuts. If your property raises in value just refinance in a couple years and lose the pmi.

[Anonymous No.25862430]

>>25860859
Buy land and build on it or have a pre manufactured home put on it. Simple as. Earth ships are interesting but you would have to into the hippy kind of shit to pull it off. But I’ve been in one for a party. Honestly interesting places.

[Anonymous No.25862442]

For $400k I can get a nice 3000sqft house built on 10 acres. God damn I love Texas. Fuck off, we're full.

[Anonymous No.25862517]

>>25860950
Go where land is cheap. Go somewhere that's rural if you can, somewhere that makes getting to major shopping centers easy (within 30 minutes) but is still rural. This is how you get a large house on a small budget. Ofc you cannot buy into the hyperinflated housing market at the moment. Give it a few years and we will see another bubble burst.

[Anonymous No.25862536]

>>25862517
>Go somewhere that's rural if you can, somewhere that makes getting to major shopping centers easy (within 30 minutes) but is still rural
You're not going to find that outside of Texas or maybe Florida though.

[Anonymous No.25862597]

>>25862036
Makes sense when you consider global distribution. The world does not revolve around america you retard.

[Anonymous No.25862616]

>>25860987

ethiopian food is amazing

[Anonymous No.25862664]

>>25862536
By major shopping center I mean a Walmart. See my beautiful illustration for reference

[Anonymous No.25862699]

>>25862664
Everything north of Texas in that outline is either desert or cold and dark and damp.

[Anonymous No.25862717]

>>25862006

source on that claim?

[Anonymous No.25862751]

>>25862699
That may be true but you have to account for the steers or queers paradox in deciding to move to texas

[Anonymous No.25862768]

Excessive money printing hasnt caused inflation because of low money velocity caused by lockdowns. Once vaccine gets distributed and economy reopens the money velocity will jump back up and inflation like this generation has never seen before kicks in. But... money devaluing would mean normally stocks and real estate going up. These things are already sky high though. So what gives? I have doubts on a real estate or stock crash because of this. Non-crypto answers please.

[Anonymous No.25862776]

>>25862699
I do realize that I went a bit too far north. Cut off at the dekotas and extend it a bit into new Mexico/utah.

[Anonymous No.25862807]

>>25861186
This.
Entire industries like live entertainment have been wiped out by COVID-19. They will not return until summer at the earliest. Landlords are going to evict renters as soon as they can, banks are going to foreclose on landlords as soon as they can. Banks will eventually sell at a loss. One problem we're facing is the Chinese/Indians/Other foreign parties are buying up all the property they can, so that may prop up the bubble longer than people expect. Another is the amount of fed printing and free money going out in the next few months.

[Anonymous No.25862843]

>>25860859
you read an article designed to make you FOMO into buying a shitbox, and now you're FOMOing into buying a shitbox. try to be less of a tool ok

[Anonymous No.25862852]

>>25862006
Seems utter BS claim

[Anonymous No.25862865]

>>25862092
>no one is moving right now
people are moving out of cities because they can work remote

[Anonymous No.25862922]

>>25860919
>>25862517
>just move bro, we sold everything else to the highest foreign bidder!
why are xoomers and boomers like this

[Anonymous No.25863016]

>>25860950
>complains about being priced out
>BOSTONFAG
of all the most expensive, old money, elite- dominated cities on the eastern seaboard of the united fucking states of america. you pick Boston? you need to be making more money or have a massive trust fund to be allowed to own land in boston sorry I wish i could live there too.

[Anonymous No.25863025]

>>25860859
Immigration is about to ramp up. Good luck lmao

[Anonymous No.25863061]

Houses will cost one bitcoin in 5 years. It's how they will ransom out our coins. You must have 2 Bitcoin to make it. You need a 3rd, basically to pay the taxes on the first 2.

[Anonymous No.25863069]

>>25860859
Cmon goy quit being so racist and buy an ancient home in a high crime minority neighborhood. Get yourself a BLM sign for your yard to show them how progressive and tolerant you are. Oh and don’t worry about buying any guns to protect your family because guns are evil.

[Anonymous No.25863159]

>>25862517
>I don't understand inflation, the post

what are you even doing here? real asset and equity inflation is 10% for over 5 years now, and it's not because there will be a correction.

>muh QE

[Anonymous No.25863200]

>>25860987
kek (you)'re right

[Anonymous No.25863280]

>>25860950
Why are you talking about the Boston area like we are all familiar with your metropolitan area and neighboring suburbs? I hate east coast faggots.

[Anonymous No.25863296]

>>25861077
>Why would it be tanking this year?
It won't. These anons are convinced foreclosures will cause it when in reality you would need interest rates raised first (2008 interest rates were 3 times where they're at now) and you would also need to stop foreign buyers from making up the difference baby boomers would have left behind had we not decided anyone can take out mortgages and by American property even without living here or being a citizen.
Also with COVID-19 the lenders have an excuse to simply let people behind on payments keep extending their term even further, making 50 year mortgages a more common thing now.
And part of why so much new monetary supply was added is because more inflation = easier to manage debt.
2008 hit when people were complacent and not being careful about loan approvals at a time with less inflation and a lot higher interest, and none of those ingredients are in play this year.
I would take the stance that if you see interest rates go up then a crash is a lot more possible in the bear future, but if they stay low then real estate will continue operating on tutorial mode.

[Anonymous No.25863408]

>>25860859
Zoomers are going to have to live in Nebraska or Kentucky or something.

[Anonymous No.25863502]

>>25862922
You shouldn't be mad at them. You should be mad at a country that lets such a thing happen to it's own people.

[Anonymous No.25863523]

My dad gave me a $300,000 wedding gift so I could buy a house, I'm 26 years old married and with my second child on the way

RIP middle class, us first worlders have a white nation to repopulate

[Anonymous No.25863622]

There are plenty of houses under 300k in New Hampshire within commuting distance to Boston. 98% white cities.

[Anonymous No.25863811]

>>25863296
You're overcomplicating the current situation. The impending dip/crash isn't due to overlending, or fiscally irresponsible darkies, or bad investments. It's gonna be simply due to people not having income or savings. There are SIGNIFICANT amounts of businesses permanetly closed, entire industries that have a fraction of their normal workload, and plenty of people who are out on their asses. there are fewer people to lend to right now, thats the whole deal.

interest rates really dont come into play here, assuming the federal reserve doesnt touch the rates since doing so would destroy real estate further, and it cant really drop any further without going full retard.

[Anonymous No.25863951]

>>25863502
country is inanimate object. boomers and xoomers did it

[Anonymous No.25864193]

>>25863296
retard sub roomtemp IQ question here, i thought if interest rates went up then the housing prices would be more expensive? When you are saying "crash" do you mean the housing prices go down because of higher interesting rate?

[Anonymous No.25864453]

>>25864193
think of it as a total sum "value" that is comprised of "house prices" and "mortgage price". assume all other price factors stay the same. as rates rise, money becomes more expensive as does the mortgage, meaning house price decreases to compensate. as rates decrease, money is cheaper and house price increases. theres only a set amount of money a person can spend per month. the ideal situation which occurred a few months ago is for people who previously purchased real estate with a higher interest rate and are now able to refinance the mortgage with a lower interest rate. the real estate price stays the same, but money just got cheaper

[Anonymous No.25864470]

>>25864193
Housing prices are inversely correlated with interest rates. Low rates mean people can afford to borrow more, which drives housing prices up.

[Anonymous No.25864540]

>>25864453
ho lee sheit thank you for explanation based anon. I am starting to understand now

[Anonymous No.25864585]

>>25860950
why are you talking about your shit hole city like we know where it is?
Fuck I hate seppos

[Anonymous No.25864587]

>>25862092
both of my neighbors sold their homes the past 3 months

i'm listing mine in a few months

[Anonymous No.25864664]

OP fell for the media FOMO.

[Anonymous No.25864694]

>>25864193
Prices are higher when interest rates are lower because more people want to buy when rates are low. In America at least you can lock in a 30 year fixed interest rate, and 2% locked in is a massive discount over the 6% people were paying before the 2008 crash.
>>25863811
Basically every significant / long term crash in history was preceded by rising interest rates.
>No savings
Low interest rates and inflation benefit people with debt and no savings by design. They constitute a fiscal policy meant to keep people spending instead of saving so the economy keeps moving. More inflation = less debt in real value terms and less interest means no incentive to hoard cash since inflation will eat away at it faster than what little interest banks will offer you on bonds or savings accounts will do to offset it. And a mortgage on the flip side will have the benefit of an interest rate so low you're almost being paid to buy a house. In fact you can look up negative interest mortgages and see that's already being done in other countries where your balance owed actually shrinks a bit just by you holding the debt and letting the negative interest rate eat at it.
Anywho, I would bet good money we won't see a housing specific crash in 2021 or 2022. Beyond that they might raise interest again or forget about 2008 and repeat the subprime lending mistake, but there's no current indication of a housing crash any time soon.

[Anonymous No.25865170]

>>25864587
Why did they sell their homes? Why are you selling your home? Where will you go?

[Anonymous No.25866208]

>>25865170
I'm selling because I'm sick of paying a premium to live in a congested 30% white metro area, and I can cash out 200k in equity from buying 8 years ago. Moving to the Midwest to a small town that is 95% white.

My neighbor was a politician who lost the election (Republican in a swing state, not even kidding). Other neighbor was in the entertainment industry.

[Anonymous No.25866563]

>>25860954
LOL ok bro

[Anonymous No.25866632]

>>25860859
Do you not know what an FHA loan is? Why the fuck would you put down 20%

[Anonymous No.25866941]

>>25860859
You can put down 3.5% on houses

How are people priced out

[Anonymous No.25867530]

>>25860859
People should really stop using houses within 15-20 minutes of cities as a measuring stick for house prices. I'm currently sitting in a 5 bedroom 4.5 bathroom house with two garages which only cost me 290k. All I sacrificed for it was being an additional 20-30 minutes outside the city.

[Anonymous No.25867573]

>>25860859
Build your own place. Much cheaper.

[Anonymous No.25867582]

>>25867530
unironically, the smart move is to buy while young, ~20 minute drive outside of a medium sized growing city, and then sell when you retire once the urban blight reaches you and prices peak lol.

[Anonymous No.25867632]

>>25867530
>cardboard mcmansion

[Anonymous No.25867635]

>>25860859
Here’s what you can do. Buy 3 BTC, one each for the kids you will have. Then they won’t be priced out of the housing market.

[Anonymous No.25867655]

>>25867635
>dad what is this
>this is a BTC son, back when I was young they were worth something
>what are they worth now?
>nothing, absolutely nothing...

[Anonymous No.25867775]

>>25860859
>me, me me
Most home buyers are couples. I don’t think the house market are overly expensive with this in mind, why would you need a house if you are single anyway?

[Anonymous No.25867867]

>>25866941
>>25866632
imagine suggesting math as a solution when you're actually innumerate..
show me the figures champ.
>3.5% of the total is still incidentally more than the value of the place. 14k is about what my boomers bought their house for while they earnt a few hundred a week.
what are people earning now days as a mode? yeah it hasnt really changed. the average wage has risen, but that is not the majority of people's wages thats high end weighting, it is still a few hundred income per person per week, especially the last year..

what took a couple of years of meagre savings to purchase (10-15% savings rate), now takes a couple of decades of hardcore savings (50%).

Plenty of people got a mortgage on social BENEFITS and they paid it off entirely.
is that possible today?
you fucking neets really have no clue.. i cannot wait for the next little while

[Anonymous No.25867885]

>>25867775
why do you need to eat food if youre such a fat cunt already?

[Anonymous No.25867980]

>>25867530
if you dont need the city why are you even that close?
if you work thats wasting several thousand hours of your life over the same period of paying it off.. like 18000 hours average over the mortgage period assuming commute.
to save like 110k.. i'd rather my life thanks. youre valueing youre actual life less than your self-admitidly reletivly valueless assets..

you didnt go too far enough, theres still houses for a few grand.. theyre just as shit as they sound, thats all.

[Anonymous No.25868047]

>>25861968

100% correct. BTC is currently sucking the store-of-value premium out of every asset. Everything is collapsing against the Sat.

Bitcoin isn't just digital gold. In another four years it will have a stock-to-flow rivaling the real estate market. (Psst -- it's digital real estate.)

[Anonymous No.25868084]

>>25868047
yes it was bitcoin that crippled wework..

[Anonymous No.25868126]

>>25867885
I see logic doesn’t bite on you.

[Anonymous No.25868251]

>>25862699
>>25862664
>>25862776
That map is from 2006 you retards, do you know how many small businesses Walmart has destroyed since then?

[Anonymous No.25868263]

>>25867632
Brick, but nice try.

>>25867980
My company has three offices in the city, but most days I'm not needed in person (even pre-coof). When I'm badly needed (normally to have face-to-face with a client) I get a hotel room. I'm closer to the airport than the city, which is a huge boon. And if and when I do commute regularly, there's a park & ride nearby that'll let me spend the commute time the way I'd spend it at home.

>>25867582
True, that or near a growing college. With the college location you can just move out when ready and rent the house to students at a premium.

[Anonymous No.25868292]

I’ve never made more than 16/hr but my credit score is 739 and gonna be in “very good” territory soon. Is there a way to get a house without 2 years of employment history? I haven’t worked since sept 2018 and I’ve just never really been a fan of working

[Anonymous No.25868294]

1) buy empty land
2) park a pod on it
3) now you can live the zoomer dream
4) in 40 years maybe the land will be worth as much as houses are now, if inflation in housing costs keeps up

[Anonymous No.25868319]

>>25861053
imagine believing any price will tank of ANYTHING when all dollars and euros get worthless due to money printing

[Anonymous No.25868404]

>>25867775
i see my comment about you being a disgusting fat piece of shit has hit its mark.
theres no problem with the repo market.. no need to keep reporting on the injections..
what started on 16 sept 2019?
what did they stop reporting but keep doing "secretly" (less obviously)..?

[Anonymous No.25868445]

>>25868263
i understand, but it would also be cheaper to live in buttfuck nowhere and fly in..
but this isnt a discussion about pricing now, its about lifestyle preferences.

your wages are still valueless against an asset of imaginary value.

[Anonymous No.25868454]

>>25866208
Vegas?

[Anonymous No.25868458]

>>25868294
>Sell in 40 years
>Time travel back to the year of the neet
>Buy house
Genius

[Anonymous No.25868472]

>>25868292
Show them your bank account with a 7-figure balance in it.

[Anonymous No.25868473]

300-400k? Don't see the problem. Every American I talk to on 4chan earns 80k a year minimum. Also didn't you say middle class? Isn't that 120k a year minimum around here? Combine income with your beautiful partner and you should be able to buy outright in three years, just stop eating at fancy restaurants 3 nights a week and tipping 35% for a while.

I'm a bong and earned bad money throughout my 20's. Like 16-19k a year bad money at the 9-5. I finished university just in time for the 2008 financial crash. Houses went from 30k to 120k relatively quickly, but I still bought a house 80% down at 28. I did a lot of random stuff to make extra money in my free time. I bought and sold shit online, I busked, played bars and weddings, did studio work and gave private instrument lessons. I managed to get my living expenses down to about 6k a year which helped a lot.

[Anonymous No.25868553]

>>25868404
It is too bad you are single, but houses are typically for families with two incomes. It is absurd to complain about not affording a house when you only have one income.

[Anonymous No.25868614]

>>25868553
it's too bad you cannot control yourself..
kek, so single people should rent from families?
but why would families need more than one house anon?
holy fuck youre an idiot.

why would you need a house when youre single indeed.. you need to be smarter than this to lay bait.
threads over, i guess a weak opinion offered by anon is the fact.

[Anonymous No.25868652]

>>25868454
Yes.

[Anonymous No.25868890]

>>25868652
you made the right choice, get out

[Anonymous No.25868952]

Ok. Land is finite, but the population is growing. Assuming it continues to grow we've got to put them somewhere. Housing costs will follow this line though influenced by consumer preference for space adjusted for the purchasing power of currency.

Here the average today costs 250k. The population in 1960 was 40% of today. 40% of the average today gives 100k for a house in 1960. The average house was 3.36k in 1960 when the purchasing power of currency was 22.3x what it is today. So 74.9k.

So houses have gained a premium of 25% above simple demand as people have wanted to spread out more and the supply is getting bought up. To be fair this doesn't seem insane to me?

Anything above this is going to be the premium for living in densely populated areas.

[Anonymous No.25869043]

>>25868952
they would've gained ~33.3% in you calculation.
that is a lot if you consider that for most people a house is the biggest purchase they make in all their life

[Anonymous No.25869354]

>>25861968
>taxed to shit
>Maintenance fees
Rentfags greatly overestimate maintenance and property taxes.
With maintenance your biggest expenses are things like getting the roof redone, and you only have to do that once or twice in a lifetime at a couple thousand dollars for basic asphalt roofing.
Protip: Do NOT respond to roof damage scare letters saying your neighbors were found to have busted roofs from a recent hail storm. This is how roofing companies get suckers to give them business. If your roof has a real problem needing repairs you'll notice on your own.
Similarly do not go get ten different specialists to tell you you need their services in a post-closing followup on every little nitpick from the home inspection write-up you're going to get during the buy process.
Pass off the real expenses needed to the seller as a condition to buy like if they found leaking plumbing or bad electrical wiring, but don't blow your chance to close over minor crap like a loose floor board or a corner wedge crack.
Don't obsess over lawn issues either. You almost definitely don't need some fancy lawn specialist to fix your grass. It's grass and will survive most anything.
And especially don't fall for fake mortgage lender mail scams. Scammers can find out you just got a mortgage (public record) and will send you what looks like an urgent notice using your lender's name, but when you open it you'll see at the bottom a "this is not your lender" fine print and it'll be telling you to pay for things you don't need like extra insurance for future missed payments.
Lastly RE: taxes don't be scared off by the rates cited on county websites. There's a homestead exemption you file that'll cut that in half and typical taxes in a fiscally sane region amount to a hundred or so dollars a month, not thousands. You also get to challenge your tax appraisal every few years which you should always do because there's a 50/50 chance they'll lower it and your taxes owed.

[Anonymous No.25869457]

>>25868952
theres like 1.5 hectares of livable area for every person on earth.. thats not really how this is working dude.. otherwise you wouldn't have things like ghost cities or stalled developments.. it's pure speculation by the market top. the upper middle class are still trying the rent-to-own schemes by leveraging 5 properties. like weworks entire model but on an induvidual level. it has always proven to be flawed during a downturn.

>long term property value increase doesnt account for people who lost their houses or got debt fucked during the crashes over the same span. it naturally needed to increase in value to reduce and redistribute the debt load of the nation/globe in a relative sence.. to more "stable" "distressed asset managers"
its not inflated though

[Anonymous No.25869483]

>>25868952
Brainlet take on real estate

[Anonymous No.25869602]

>>25860987
This. I just bought 11 acres of land with mountain views and a creek for $90k. Building a brand new cabin with my own hands for $40k. It's not in a hip concrete jungle, but there's an overpriced hippie grocery store just 15 minutes away. Oh yeah, my property tax is only $700 per year. City fags are definitely NOT going to make it.

[Anonymous No.25870180]

>>25869457
>>25869457
It is deliberately brainlet starting off with the flawed idea of averages. Thing is everybody always focuses on the top end of the most developed cities on earth instead of the rest of it. Area has hundreds of times the population and population growth? Expect magnified multiples of average prices. Housing is always seen as a speculative investment, moving ownership around raising the prices depending on who can leverage the most debt. For the vast majority of people across the world you just have to live somewhere. My point is that average costs haven't gone parabolic compared to the value of money and for most families a family home is pretty much as affordable as it always has been. Don't forget population growth. Every house on the street had two children they all had two children they all want to live on the street too and have a home like they grew up in buuuuuuh why am I priced out of the area now whaaaaaaaat?

[Anonymous No.25870406]

Also my main issue is people fail to appraise the situation and react accordingly. People are in education longer than ever and take longer to establish careers during this period they want to rent family homes and live in the manner in which they were raised. Good luck paying 700 month rent and bills plus car payments like you were still rent free at home complaining that you are spinning wheels with outgoings at 80% of your income. If you and your partner can save 20k a year you'll be able to buy a family home in 10 years or less which has been the same all along. Parents buying first homes for 5k sounds great until they realise that the average wage was 20 a year.

[Anonymous No.25870733]

>>25860859
wherever you live: fuck that place.
just move. be with people who are flexible and not bound by locality or get fucked over in the long run.

[Anonymous No.25870771]

Why would I buy a fucking house when I could just buy more Statera?

[Anonymous No.25870844]

>>25868553
Even one or two bedroom appartments cost a fuckton of money, it's even more expensive per square meter than a house. Where should singles live then according to you?

[Anonymous No.25871139]

>>25868614
I am sorry no one had a grown up discussion with you. In this market you compete with grown ups who form couples and buy a house together. I don’t know why you see yourself as a victim. The idea that every single should own their own house sounds quite ridiculous/delusional.

[Anonymous No.25871268]

>>25870844
There’s no logic in saying that the cost of living should be lower for singles than couples. If you need two incomes to live in an area then you either need a spouse or a room mate.

[Anonymous No.25871845]

>>25860859
>Cityfag problems
Go be a retarded urbanite somewhere else.