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53159562 No.53159562 [Reply] [Original]

Is it possible that we have just come to the same point as Europe and housing will just never be affordable again in America? And we will just never have the capital to do anything?

>> No.53159606

>>53159562
Correct. It's also pretty much irreversible at this point.

>> No.53159670

>>53159606
So if you can buy now it will never go down?

>> No.53159886
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53159886

>>53159562
We're nowhere remotely close to other English-speaking countries.

>> No.53159909

>>53159886
>just live on a farm in Wyoming bro

>> No.53160069
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53160069

>>53159909
>just live in a pod in Seattle chud

>> No.53160088

>>53159562
arent rents comparatively cheap in europe?

>> No.53160125

>>53159562
>>53159606
>>53159670
>>53159886
>>53159909
>>53160069
>>53160088
The housing bubble is literally collapsing as we speak due to rate hikes, you absolute mouth breathing retard undeserving of life. Shut the fuck up and never speak on financial matters ever again.

>> No.53160140

>>53159562
Europe will eventually die out, population wise. The houses won't see indefinite rise.

>> No.53160156

>>53160125
zoom out?
You think the prices will fall into affordability in 2 years?

>> No.53160181

>>53159562
Corporations buy all smaller homes and rent them out because they're always demand for them. Meanwhile construction doesnt build starter homes because they're not as profitable

>> No.53160194

>>53160125
Where? Overvalued condos in texas? Look at literally anywhere that was desireable before 2021, the home values are still going up. It's not crashing, cope and seethe for missing out. Find me literally a single estimate that housing prices will drop more than 12%. Literally every millenial is sitting on 50k literally begging for anything 250k or lower. The demand is STILL and WILL be insane for the next 50 years. Go ahead, post some 900k house in Massachusetts decreasing price on zillow by 100k when the thing was never worth 500.

>> No.53160204

>>53159562
With the amount of land mass in relation to inhabitants you fuckers shouldn't even have a housing crisis. Especially considering you build your houses with lumber.

>> No.53160209
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53160209

>>53160156
>Raises 100%
>drops 3%
IT IS A HECKIN CRASHARINO!!!!

>> No.53160359

>>53160156
>>53160181
>>53160194
>>53160204
>>53160209
I’m actually angry thinking about how retarded you faggots are. You are literally the equivalent of the people who in 2007 were rabidly convinced that housing prices would just keep going up forever and that everyone in the US would own a house by 2010. Markets have ALWAYS been cyclical and the fact you are on a finance board without being aware of that makes you quite possibly the stupidest people to ever exist.

>> No.53160392
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53160392

>>53159562
Can you explain to me how can housing be expensive in america with all the empty land

>> No.53160590

>>53160359
I'm saying it should never have boomed, you faggot.

>> No.53161176

>>53160392
t. Rentoid

>> No.53161509
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53161509

>>53160359
I love Zoomers. Claim to have all the answers and they know nothing. Thanks for the rent check this month.

>> No.53161566

>>53159886
Do you know how RE prices work? You understand why trailers in BFE Arkansas are so cheap, right?

>> No.53161581

>>53160359
lmfao this is rentoid cope

>> No.53161585

>>53160392
unironically jews

>> No.53161700

I went to the US 10 years ago (Australian)

1 month worth of food in the US, costed about as much as it does for 1 weeks worth of food in Australia.

$10 of Maccas in the US was like $100 in Australia

All kinds of random products were like 5X cheaper in the US

Seeing $100,000 homes that would cost $1,000,000 in Australia

Now it seems like you fags are finally caught up with us on cost of living, thats what you get for constantly bagging about how easy and cheap living in the US was... you now have Australian/European cost of living


G fucking G, no fucking RE

>> No.53161775

Still seems pretty affordable to me. Median house price is like $350k and medium household income is $70k these days. If they scrimp and save a couple could sock away $70k for a very healthy downpayment in 3-4 years (or do a smaller downpayment if they don't want to wait that long) and get a mortgage. It's just a question of priorities. Do you want to own new cars, do you want to travel and take vacations, do you want to eat takeout every day of the week, etc. Or do you want to own a home and build equity.

>> No.53163274

>>53161509
>2% foreclosure rate
Man, 2018 must have been fucking wild if you had some capital.