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/biz/ - Business & Finance


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File: 149 KB, 1172x887, priced out.jpg [View same] [iqdb] [saucenao] [google]
56873999 No.56873999 [Reply] [Original]

The American dream of owning a home is dead. Gone are the days a family could own the roof over their head. Now houses are for investors. Families are priced out and forced to rent. The American dream is dead. F
https://www.cbsnews.com/news/homes-for-sale-affordable-housing-prices/

>> No.56874015

>>56873999
Checked
Feels good to not be poor

>> No.56874029

>>56873999
https://www.youtube.com/shorts/mIE1nHuAvYM

>> No.56874036

You guys only “want” a home so you can get equity. No one here is raising a family. Literally no different than BlackRock

>> No.56874073
File: 505 KB, 1000x1200, 1637255610917.jpg [View same] [iqdb] [saucenao] [google]
56874073

>>56874036
I bought a house to actually live in a place I wanted and have it be mine.
How the fuck is this concepts lost on so much of /biz/, including you

>> No.56874081

>>56874036
>You only want a home to build and protect your wealth the same as generations before you.
People would be raising families if they could. They can't because they are priced out. Its not that no one wants to raise a family. Its that no one can afford to do it in a financially successful manner. Why would anyone start a family when they can't afford a stable home of their own and the cost of raising kids? Only dirt poor welfare cases make such dumb decisions.

>> No.56874171
File: 202 KB, 512x384, Racecar.png [View same] [iqdb] [saucenao] [google]
56874171

>>56874036
This is a good point. Please leave the backyards for the children.

>> No.56874215
File: 219 KB, 1170x1000, Average monthly mortage for new homes - U.S..jpg [View same] [iqdb] [saucenao] [google]
56874215

>> No.56874240

>>56874036
Even if they were no different from Blackrock and simply wanted it for equity. Shouldn't they have a fair share of market access equity? Why is people wanting to establish a foundation prior to furthering liabilities worse than a global custodianship of disinterested and disincentivised parties? The literal difference is blackrock cant have a family. It's not a human you dipshit. If I was to withhold an essential item from it's hierarchy of needs, I would then be in a situation wherein I am depriving others for profit.
But given that even the worst slumlord isn't even close to being akin to blackrock ill just go ahead and dismiss your point mmk?

>> No.56874276

>>56874036
Blackrocks funds are also made up of allocations of "sophisticated investors" aka willing participants who are willing and able to lose more than they invested. Thats the contract they signed.
One is profit. Not an essential function and provides no intrinsic market value aside from trickle down value from the derivatives of interest.)

The other is essential shelter for non-willing participants.
Theres no real logic to your point. It doesn't even make great bait as it only pulls in autists

>> No.56874309

can't I buy a house in some other country? and not have to pay anything?

>> No.56874371

>>56874081
Yes goy don’t reproduce just think about how much consoooooming you’ll have to sacrifice to raise kids! Oy vey!

>> No.56874391

>1 acre of land is $5-10k in decent parts of Appalachia
>a 12x20 ft. shed is about $8k to have built
>choose how much plumbing/wiring you want done

ta da, a comfy home for under $20k

>> No.56874525

>>56874036
I live in a cockroach infested apartment and in a crime ridden shithole in which cops are regularly killed. I just wanna move out of here and somewhere secure desu

>> No.56874674
File: 832 KB, 680x881, 1698971142640831.png [View same] [iqdb] [saucenao] [google]
56874674

Checked. The crime is fiat, the verdict: BTC.

Money literally flows, monetary expansion causes money to flow almost exactly like electricity, with the "monetary impedance" (how easy an asset converts to money) of an asset determining how fully an asset inflates for a given increase in monetary base. The wage/productivity divergence seen since '71 is caused by this phenomenon, as labor has high monetary impedance. The same pattern is seen in other illiquid (high impedance) assets like housing, notice that high-end housing has seen a SHARPER decline (factored for money stock) than low-end housing, which is to be expected as high-end property is even less liquid than normie SFH. In contrast, liquid assets fully inflate with monetary expansion, with real growth demand acting as a multiplier, hence the over performance of tech and speculative garage, anything that even hints at growth is gold under expansitory regimes.

This is not bad because it's 'unfair' this is bad because it's INEFFICIENT, Economy is naturally positive sum, but fiat allows the manipulation of Economy to favor zero and even negative sum economic transactions. Blasphemy! Economy will not abide -- "The market ahh finds a way" -- and a way it found.

BTC, being low impedance, will grow at the rate of (monetary expansion)*(demand growth), demand will continue to grow because a fixed unit of account, an inverse of monetary expansion without liquidation risk, volatility decay, or counterparty risk is highly valuable under expansitory regimes, money stock will continue to expand because monetary expansion is the mechanism behind oligarchical parasitism.

>> No.56874765

>>56874391
County will require you put a 600 sqf building. Otherwise they will evict you and your dumb shed lol.

>> No.56874936
File: 158 KB, 649x1317, banks record profits.jpg [View same] [iqdb] [saucenao] [google]
56874936

>>56874215
>average monthly mortgage payments have doubled in less than three years
Who is in the wrong here? Banks for charging ever higher rates? or Consumers for continuing to accept the increasing rates?

>> No.56874996

>the American wagies dream is mortgaging a ply wood wage box

Sheeesh, can NPC wagies not think beyond whatever the ZOG tells them?

>> No.56875025

>>56873999
>Families are priced out and forced to rent.
why do you think the etf is happening? and that it's the blackrock itself pushing for it, can you connect the dots?

>> No.56875029

>>56873999
I plan to buy my second home during this bull run and turn my starter home into a rental. Wagmi bros.

>> No.56875042

>>56874996
rent free

>> No.56875331

>>56874036
> larry fink dindu nuffin he only wants to save ze planet
you baiting nigger, most fags intend to live in the house
tax the fuck out of 3rd and every other property both for individuals and corporations

>> No.56875704

>>56874765
Truly the land of the free.

>> No.56876226

>>56874391
>just live in a (literal) cuck shed lmao