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/biz/ - Business & Finance

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56405344 No.56405344 [Reply] [Original]

What are the financial implications of housing being unaffordable for the average American?

>> No.56405365

>>56405344
>make the same thread on /pol/
>get banned within 10 minutes due it being "off topic"
i literally don't understand the point of /pol/, other than to screech about DA JOOZ and DA NIGGERS.

>> No.56406531
File: 965 KB, 1440x878, 1555381840167.jpg [View same] [iqdb] [saucenao] [google]
56406531

>>56405344
>average home price: $430,300
>monthly payment: $3,344


>Monthly pay before taxes: 9583.33333333
>monthly pay after federal taxes: $7475
>monthly pay after Social Security deduction: $6880.83
>monthly pay after state taxes: $6027.91
>monthly pay after utilities: $5856.24
>monthly pay after car payment (used) and insurance: $5161.24
>monthly take home pay after mortgage payment: $1817.24

A little over $400 a week for groceries, clothes, healthcare (I didnt add insurance), car repair, gas, home repair, entertainment, savings, etc.
All numbers came from googling "Average US X Cost Monthly"
Daily reminder you CANNOT get ahead.

>> No.56406651

>>56405365
Kikes moderate /pol/. Slide threads go unbanned, but make a relevant post and you'll be banned. There's a reason more /pol/ posters post on other boards now.

>> No.56406669

>>56405344
Most normalfags have already gotten used to the idea of renting apartments for the rest of their lives. It's even moving towards them getting used to needing roommates in said apartments, with many normalfags starting to feel like it's a lofty ambition to one day rent an apartment of their very own without roommates.

>> No.56406676
File: 63 KB, 1024x753, 1671304318991809.jpg [View same] [iqdb] [saucenao] [google]
56406676

>nobody can afford a house

Okay so what happens when some boomer actually wants to SELL a house? The houses already exist. This will course-correct with the upcoming mass boomer die-off.

>> No.56406683

>>56405365
>i literally don't understand the point of /pol/
A containment zone of sorts, a place for people to be negative and edgy. It's just a bad place in general, because while it seems like the mods meant for that place to be a dumping ground for negative energy and frustrations in the modern world, it's sort of become a place where people become stuck and never leave.

>> No.56406687
File: 30 KB, 544x426, 1693154411846317.png [View same] [iqdb] [saucenao] [google]
56406687

>>56406531
>Daily reminder you CANNOT get ahead.
Get money from a food pantry. Ditch the car. Squat in a vacant, bank-owned home, pirate your entertainment.
Daily reminder that you CAN get ahead.

>> No.56406688

>>56406651
>Kikes moderate /pol/
So true sister, we should leave 4chan and go to a proper site that isn't being censored.

>> No.56406697

>>56406676
>the upcoming mass boomer die-off
LOL bad news anon, you know how boomers are just straight up refusing to retire and allow younger people a chance to get their foot in the door? It's the same thing with death, they're just straight up refusing to die and will likely continue living for another 100 years.

>> No.56406733

>>56406697
kek

>> No.56406862

>>56405344
>1971 US goes to fiat money
>1990s The man can no longer provide for the family alone, woman needs to work to pay bills
>2000s families can no longer afford houses and have to rent
>2020s, families can no longer afford to have children <You are here
>2040s majority of country is foreign born because the natives can't have kids, foreigners are moving into a country already in massive decline
>2050s, country is so shit that it no longer is an attractive place for foreigners to move to, pre-existing people still priced out of having children, total population collapse
This is the past, present and future and unfortunately there really isn't anything you can do to protect yourself as basically the entire world is on the same track.

>> No.56407370

>>56405344
More fentanyl zombies on kensington ave

>> No.56407893
File: 101 KB, 1112x620, houshold income of home buyers.png [View same] [iqdb] [saucenao] [google]
56407893

>>56405344
If you're not in the top 20%, you need to get married.

Majority of people buying are dual income. Median income of home buyers is over 100k.

>> No.56407905
File: 12 KB, 294x314, dual income households.png [View same] [iqdb] [saucenao] [google]
56407905

>>56406862
Dual income housholds have only risen from 49% to 66% since 1970.

>> No.56408298
File: 173 KB, 1280x855, white-duck-4600498_1280.jpg [View same] [iqdb] [saucenao] [google]
56408298

>>56406862
>pre-1970 - one man can afford to house a family of 4 while the wife raised the kids
>1970-2008 - feminism and jews come along and now you need dual incomes (both the husband and wife working)
>2008-present - female hypergamy comes along, marriage rates plummet and now the only people who can afford homes are single professionals (doctors, lawyers, etc), multi-generational immigrant households, and jew investment firms
ftfy

>> No.56408629
File: 130 KB, 884x584, real estate.png [View same] [iqdb] [saucenao] [google]
56408629

>>56408298
You did not need dual incomes to buy a house in the early 2010s.

>> No.56408657

>>56408629
There was a crash in 08. it was a brief anomaly in the trend

>> No.56408702
File: 63 KB, 1491x565, home price to income ratio.png [View same] [iqdb] [saucenao] [google]
56408702

>>56408657
And you had over a decade post-crash to buy on a single income

>> No.56408706
File: 193 KB, 1088x1251, millennials getting rekt.jpg [View same] [iqdb] [saucenao] [google]
56408706

>>56408702
>heh you stupid fuck, going to highschool when you shoulda bought a house!

>> No.56408713
File: 1.02 MB, 2461x1295, USDA-Map-US.png [View same] [iqdb] [saucenao] [google]
56408713

>>56408706
Still possible to buy cheap now. Pick a part of this map that isn't shaded.

>> No.56408747

>>56408713
t. fat fuck

>> No.56408779

>>56408702
>decade post-crash
no more like 4-5 years and only if you were a genX'er or boomer who didn't experience financial hardship during the recession

>> No.56408785
File: 99 KB, 1200x726, w4905wr.jpg [View same] [iqdb] [saucenao] [google]
56408785

>>56408779

>> No.56408962
File: 214 KB, 1024x649, rent.png [View same] [iqdb] [saucenao] [google]
56408962

>>56408779
Sounds like you missed out. Too bad.

>> No.56408979
File: 82 KB, 703x725, IMG_20200808_084119.jpg [View same] [iqdb] [saucenao] [google]
56408979

>>56405344
Death to Boomers.

>> No.56409013

>>56406687

The greatest country in the world, they said with no irony whatsoever

>> No.56409040

>>56406697
Each one wants to live to 100, thats on average another 25-40 years

>> No.56409575

>>56408629
Yeah suck it chuddy. Priced out. You will pay the rent and not do shit.

>> No.56409688
File: 94 KB, 904x689, mortgage.png [View same] [iqdb] [saucenao] [google]
56409688

>>56409575
I pay rent to the bank (700/mo) and city (200/mo)

>> No.56410639

>>56406862
> basically the entire world is on the same track
Not saying you are wrong, but some other places are way behind in that track so you can still get very early on some valuation curves.

>> No.56410683

>>56408706
kek
saved

>> No.56410707

>>56406683
it's the largest board on the site retard. /pol/ is 4chan, the containment board is here >>>/lgbt/