/biz/ - Business & Finance

[Anonymous No.55556810]

If you don't buy a house within the next 5 years you will be priced out forever. It'll be like Australia soon anons don't get left renting for the rest of your lineage

[Anonymous No.55556843]

just move further out
imagine wanting to live in the smart tech slums post 2027

[Anonymous No.55556893]

>>55556843
Building a house will be even worse

[Anonymous No.55557921]

>>55556810
The amount of FOMO in housing looking a lot like bitcoin at 60k

[Anonymous No.55558103]

>>55557921
Yeah but people are being priced out.

[Anonymous No.55558170]

Why don't hoomer niggers just put money into stocks, bonds, other assets. Why is it "Hooooom, I must own a hoooooom"?

[Anonymous No.55558199]

>>55558170
Because you need a place to live first

[Anonymous No.55558209]

Every single house on sale in my state is either right next to or literally inside of a black neighborhood. Literally every single one I’ve seen.

The house I live in right now ( my mothers) is in a decent area, and I hope to inherit it. but they’re building a “luxury” apartment complex two blocks away. So I can expect my neighborhood to get blacked within the next 5-10 years.

[Anonymous No.55558213]

there are so many construction grants it's unreal

[Anonymous No.55558217]

>>55558213
There aren't

[Anonymous No.55558248]

The last time people were saying stuff like this about housing was around 2005.

People invisage a world where population keeps growing and growing and the need for housing goes up and up. Reality is, human population will plateau at 10-12 billion. Everyone that buys leading up to that will feel the pain once growth slows.

It also literally makes no sense to buy when I can rent a place for half the price of a mortgage from someone who's owned the property outright for 50+ years.

If you didn't buy around Covid or before, it's too late. Buying right now is like buying BTC at 15k in 2017.

Just sit tight. Cope. Invest what you would've put into a mortgage and wait to buy the crash. Buying during euphoria is never a good idea.

[Anonymous No.55558255]

>>55558248
>People invisage a world where population keeps growing and growing and the need for housing goes up and up
That's exactly what is happening. You also can't spell envisage.

[Anonymous No.55558278]

>>55558255
Great argument. I'll wipe my ass with it on te way out. And mispel a few other words while I'm at it.

[Anonymous No.55558344]

>>55557921
The difference is that people need places to live and will always need places to live. There is also the fact that first time home buyers will never be able to compete with someone much wealthier than them buying a second or third property or with the leveraged landlord acquiring their 25th property. As a result, home prices will continue to rise. Building more homes isn't the solution, it just adds more supply into the hands of those that can afford it already. So prices will continue to rise.

[Anonymous No.55558369]

>>55558248
>Buying during euphoria is never a good idea.
I'm all cash and still feel the fucking FOMO. How do I stop feeling like shit? I've waited for a long time...

[Anonymous No.55558379]

My dad will buy me a house in September if I quit smoking. Should I do it?

[Anonymous No.55558670]

>>55558379
Yes.

[Anonymous No.55558672]

>>55556810
I'm just going to live with my parents until I'm 35

[Anonymous No.55558732]

>>55558209
>Every single house on sale in my state is either right next to or literally inside of a black neighborhood. Literally every single one I’ve seen.
Lmao that's funny... And sad.
I can't imagine how bad it must be to live around scum like that.

[Anonymous No.55558754]

I can think of a better solution

[Anonymous No.55558762]

>>55556810
There's plenty of rural shithole ex-miner villages in Britain.

[Anonymous No.55558808]

My parents bought my sister an apartment but have never intimated doing anything similar for me

[Anonymous No.55558830]

>>55558248
It’s less about demand via world population and more about supply and demand via income, credit. If the supply of houses can just be pushed down further and further by an investment fund cartel, then it hardly matters that the world population is dropping. Look at US cities. Plenty of them have seen steady population declines for a decade or longer now and yet prices keep going up.

[Anonymous No.55558890]

>>55556810
>be rural in USA
>be literally 100 miles from any faggots

>be "rural" in UK
>be 4 minutes from a a no go zone muslim area and 4 minutes the other way to a boys town equivalent

[Anonymous No.55559418]

>>55556810
Neither of those are rural.

[Anonymous No.55559425]

>>55556810
I'm already priced out. So are millions. Who gives a shit. Let them enjoy their houses. I'll live in my car

[Anonymous No.55559442]

>>55558248
>Just sit tight. Cope.
The story of my life

[Anonymous No.55559497]

>>55556810
FUCK NO HOMERS. MY CHILDREN ARE GOING TO EAT RENTOID'S CHILDREN'S LUNCH FOR THE REST OF TIME HAHAHABAHAHA

[Anonymous No.55559512]

>>55558248
It's just that easy. Wait for several decades until the world population plateaus. I don't know why these egghead anons can't wait til they're 60 or 70 to buy a house on a 20% max discount that will bring them down to only triple current prices. They have no patience smdh

[Anonymous No.55560016]

>>55556810
It is literally crashing right now with all the layoffs and retards buying/leasing cars and going on crazy vacations to flex on social media while being 500k in the hole with their shitty house.

[Anonymous No.55560697]

>>55556810
Don't worry, anon. You won't get priced out if you're smart with your investments in those sweet low caps like RIO, QANX, and AZERO. Once those gains start rolling in, you'll be able to flex and buy yourself a baller mansion in just a few years. Secure the bag and live a high life.

[Anonymous No.55562085]

>>55558890
>>be literally 100 miles from any faggots

imagine believing this.

[Anonymous No.55562250]

>>55556810
>prices LITERALLY crashing because of interest rates
>b-buy a h-hous!

[Anonymous No.55562545]

>>55562250
Prices are still more expensive that pre COVID

[Anonymous No.55562575]

>>55558103
boomer here who owns 7 properties through hard work and investment genius.

maybe you should learn to fucking save money you retard. most millenials have no money in savings for a down payment.

[Anonymous No.55562579]

>>55556810
Top pic gives me instant depression. How can anyone live there?

[Anonymous No.55562584]

>>55556810
If I had a fucking dollar for every time some leftoid faggot Redditor kept posting "muh heckin' European cities" images on this board.

[Anonymous No.55562586]

>>55562575
>No reading comprehension

[Anonymous No.55562598]

>>55562586
When I bought my first house the rates were 16 percent. fucking idiot. you had chance to buy when rates were 2 or 3 percent and now rates are just 7 or 8.

[Anonymous No.55562611]

>>55562598
>No reading comprehension

[Anonymous No.55562619]

>>55562598
what was you income then and how much did that first house cost/ what was the total loaned amount?

[Anonymous No.55562634]

>>55562584
So, how’s the weather in bumfuck, Missouri?

[Anonymous No.55562659]

I genuinely feel sorry for people who have parents that didn't give them a house. I mean how fucking pathetic are you as a parent to not do that? Even illegal immigrants who came to the US with NOTHING and were pardoned by Regan have homes to pass down. Don't even get me started with these morons who left home and wasted thousands of dollars to rent a shitty apartment working a shitty job they hate instead of saving at their parents home or even being a NEET. Imagine how STUPID you are to think being an adult starts at 18. This isn't your momma's country no more dumbass, you based your life expectations on an economy that doesn't exist, big fucking YIKES! If you don't own a home by 30, your entire bloodline failed because of you and your parents, live knowing that, losers. And when it's all said in done, I will be drowning in futuristic android pussy while you are stuck rubbing your peepee to stock images because anime titties will be banned under the totalitarian governments you voted for.

[Anonymous No.55562733]

Here's some ideas

Convert all bungalows into two stories and give people incentives to take in lodgers, will double the density overnight.

Then give free tuition to house building careers like urban planning, civil engineering, real estate, trades, etc.

Provide a citizenship for house construction route for illegals. Help build at least 100 houses and you can stay.

100% mortgages with equity gap subsidized by the government, so people don't have to use landlords or live with parents while saving a deposit anymore.

Buy back houses from elderly widows living alone in large houses.

[Anonymous No.55562757]

>>55562659
My parents didn’t give me a house, but i had been saving since I was 16 for a down payment and bought a small modest townhouse when I was 20. Several careers and home sales later and I now comfortably live in a 700k house.

[Anonymous No.55562774]

>>55556810
The lack of undeveloped nature in Europe and lack of care to preserve nature in favor of concrete is sincerely the most depressing thing of all time and sincerely is the most third world hellscape you can imagine
I would never invest in European property for this reason

[Anonymous No.55562945]

>>55562774
Kek

[Anonymous No.55562960]

>>55562634
I live in Lower Manhattan, Rajneesh.
And at least muh Bumfuckk, MO doesn't have shitskins contributing to violent crimes and noise pollution.

[Anonymous No.55563028]

>>55556810
neither of those are rural towns

[Anonymous No.55563042]

>>55562960
Sure ya do

[Anonymous No.55563066]

>>55556810
I'm holding out for O'Neill cylinders.

[Anonymous No.55563091]

>>55562575
>>55562598
>I bought my first house as a part time grocery bagger after dropping out of highschool.
>Now I own 7 times as many houses as I need.
>God hasn't made any land and my generation let in 50 million immigrants during that time who have access to infinite credit for being non-White but what's your excuse white man?

[Anonymous No.55563102]

>>55563066
Watch Elysium to see how that turns out.
tldr: the only White man left on Earth takes pity on the brownskins and helps them destroy the space station where the Whites live. It's a cautionary tale about out-group preference.

[Anonymous No.55563104]

>>55558278
>Population still increasing
>B-but it dipped .25% over twenty years!
Lel stupid rentold, even your Population Change in your graph BTFOs your own argument

[Anonymous No.55564025]

>>55558255
Dumbfuck. Check money stock computer, housing hasn't been pumping, the USD shitcoin has been dumping, and you were too stupid to notice so let your real terms income drill through the fucking mantle

[Anonymous No.55564146]

>>55563066
Can't believe O'Neil just copied halo

[Anonymous No.55564187]

I’m 28 and have 60k in the bank. A 10% down payment on a 500k house is gonna nuke my bank account and then I’ll have to deal with the mortgage payments. What do anons?

[Anonymous No.55564256]

>>55564187
Use the VA loan for $0 down

[Anonymous No.55564267]

>>55564256
I’m not former zogbot

[Anonymous No.55564273]

I'm 34 with 2k in my chequing account and I live in vancouver, bc
it's over

[Anonymous No.55564314]

>>55564267
Sorry anon that was your only hope

[Anonymous No.55564356]

>>55564187
Most people nuke their bank account for the down payment, unless they buy with an FHA loan.

If you are able to, buy in a USDA eligible area. 0% down and subsidized interest rate.

[Anonymous No.55564363]

>>55564187

[Anonymous No.55564434]

>>55558344
>The difference is that people need Bitcoin and will always need Bitcoin. There is also the fact that first time Bitcoin buyers will never be able to compete with someone much wealthier than them buying a second or third Bitcoin or with the leveraged Bitcoiner acquiring their 25th Bitcoin. As a result, Bitcoin prices will continue to rise. Building more altcoins isn't the solution, it just adds more supply into the hands of those that can afford it already. So prices will continue to rise.

[Anonymous No.55564449]

>>55564363
>low income and very low income borrowers

[Anonymous No.55564457]

>>55558103
bitcoin went from 69k to 16k in 1 year. You can also buy fractional amounts of bitcoin. Houses are illiquid AND most people have to qualify for a massive loan before buying one. What happens the moment *houses only go up* mentality is challenged?

[Anonymous No.55564465]

>>55558369
buy something cheap and keep the rest invested in stocks which outperform real estate?

[Anonymous No.55564481]

>>55564457
>What happens the moment *houses only go up* mentality is challenged?
Jay the Faggot shits out another 10 trillion USD shitcoins

[Anonymous No.55564502]

>>55556810
imagine making a 30 year investment in the united states of america

[Anonymous No.55564534]

>>55564434
kek took the words right out of my mouth. Housing bulls are the most delusional investors of any asset class

[Anonymous No.55564542]

>>55564457
>>55564465
Jesus you're naïve. You think the value of the dollar is staying the same too kek

[Anonymous No.55564553]

>>55564187
This post makes me feel better about my situation at 27 thanks for sharing lad

[Anonymous No.55564752]

>>55564363
yo wtf why does the usa have all these deals

[Anonymous No.55565033]

this thread reeks of REI new blood panic

[Anonymous No.55565537]

I live in Houston and have no clue what is going on anymore. I planned on buying towards the end of the year but it almost feels retarded to buy a house at these interest rates and inflating values.

[Anonymous No.55565541]

>>55565537
Just rent forever anon

[Anonymous No.55566323]

>>55563104
Excess deaths are up across the board for what it's worth. Fertility dropping too.

[Anonymous No.55566460]

>>55556810
Do English people don't have a piaza in their town? Because from a French perspective, the picture is not that glorious.
For example, I used to hang there. Before living in a soulsucking bigger town.

[Anonymous No.55566470]

>>55562960
>Lower Manhattan
That's even fucking worse jesus what's wrong with you

[Anonymous No.55566475]

>>55558248
>plateau at 10-12 billion
It probably won't go far beyond even 9 billion

[Anonymous No.55566479]

>>55558672
That's probably the most sensible thing to do

[Anonymous No.55566754]

ukfags don't even have yards

real estate will be free in the future, if you can protect your own life with guns

which ukfags can't do because they're cucks, a few of them will luty, but most will booty

[Anonymous No.55566803]

>>55556810
>If you don't buy a house within the next 5 years you will be priced out forever. It'll be like Australia soon anons don't get left renting for the rest of your lineage

>doubt

Boomers are going to fucking die soon. perhaps mega corps will buy all the houses, but the demographic trends don't support this. Perhaps, 3rd world hordes will continue to pour in.

[Anonymous No.55566824]

>>55566803
something they don't want you to know is that a man's will and physical and mental prowess determines his standing, a bunch of nepotistic inbred retards can't overcome facts

let's go through the scenarios

>boomers die soon, the fighting aged males who understand and own weapons take over, basically the skilled tradesmen, people with actual civilizational skills and practical knowledge

>megacorps buy all the houses
not possible, the fiat system is already failing, besides, they don't have the reach, they can't pay their army with their dogshit, the farms won't supply food to them once the fiat system collapses, because they lost all incentive to do so

>3rd world hoards continue to roll in

not possible, the only reason it is possible now is state power to kill you if you decide to assert your physical and mental superiority over them in combat with your accrued resources, also the 3rd worlders being able to reproduce and even get here is based on taxpayer money

[Anonymous No.55566920]

>>55566824
>something they don't want you to know is that a man's will and physical and mental prowess determines his standing, a bunch of nepotistic inbred retards can't overcome facts

this is true, but I don't think you've been paying close attention the past few years. The pandemic is probably the greatest crime against humanity in all of history. IT was a lab created virus that was probably released on purpose. the vaccines were very deadly and cause permanent damage to the gene pool. Corrupt government concealed all this. Then you have the fact Biden is an illegitimate president from a very obviously stolen election. No one did shit.

they don't even bother to conceal or pretend to make cover anymore. people are domesticated sheep. millions of random shit holers have poured over the border the past 3 years.

NONE OF IT MATTERS. PEOPLE AREN"T GOING TO DO SHIT.

we are witnessing the decline of western civilization in real time.

IDK what's going to happen with housing. The government has already been propping up foreclosures. They will not allow a legitimate decline. it's all fucking bullshit.

[Anonymous No.55566959]

>>55566920
people will do a lot, as the government loses power gradually the amount of shit people get up to will rise to unprecedented levels

you remember the wild west, ok now imagine that for the next 100 years, I consider it the new pioneer age, we just have advanced technology now

[Anonymous No.55566979]

>>55566959
yeah, i'm not optimistic.

the war between russian and ukraine is another massive black pill. all of ukraines young men are going to die for essentially no reason. peace was easily achievable.

Kike elites want to play war and embezzle money. people don't even car about the war anymore, despite it's potential to escalate into ww3.

[Anonymous No.55568015]

>>55564449
"low income" is considered 88k in ohio