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/biz/ - Business & Finance

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861583 No.861583 [Reply] [Original]

mfw house in area sold for 1.4 million

>> No.861593

>>861583

Why are you sad, frogposter?

>> No.861601
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861601

>>861593
it will be impossible for me to buy myself a house

>> No.861609

>>861601
buy a cuckshed instead

>> No.861613

>>861601
move you underage cocksucker. sorry your Jew mother will have to brave 35 min of traffic to come power your nuts you piece of shit

>> No.861614
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861614

>>861601

I don't know that feel, but I can imagine it must be a terrible feel to be forced out of your home territory due to gentrification

>> No.861615

>>861614
Gentrification is a double edged sword. Without it major American cities would pretty much be unlivable. And of course the other side is that poorfags get btfo. For legit working class, safe blue collar neighborhoods it sucks. But most poor neighborhoods in big american cities are shit filled with crime and drugs.

>> No.861617

>>861615
>But most poor neighborhoods in big american cities are shit filled with crime and drugs.

Which then spill out into the suburbs and working class areas.

>> No.861618

>>861617
Not saying your wrong but can you provide good examples of this? I lived in Hyde Park which is a neighborhood in South Chicago (the most violent place in the U.S.) and all the shit from Englewood rarely spilled into the area. During large college parties some niggers would casually show up and try to steal some random shit but nothing too major.

>> No.861620
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861620

>>861614
I'm not getting forced out of my home or due to gentrification. Heck the house sold looked much worse than related pic.
If it was the U.S it might be easier to relocate thanks to high population, urbanization etc
The thing is that my country has only a couple of cities and all heavily overpriced. The cheapest house I could get in my city is 500k which is rare to find.

>> No.861621

>>861618

Pittsburgh, PA.

>> No.861625

>>861620
Do you live in Australia
If so, ouch good luck fag. That said I'm sure once commodity prices hit rock bottom there will be a mass exodus from Australia and housing will get cheaper.

>> No.861626

>>861620

Sydney? Melbourne?

I know that feel. The house next to my parents' place in one of the eastern suburbs of Melbourne just sold for 2.5 mill, and it's a smaller block than theirs.

I'm going to be renting forever in this city. It's even worse in Sydney. The median house price is almost 800k or something ridiculous.

>> No.861676

>>861626
The median house price in any decent part of Sydney is 1 million. I'm currently looking for a one bed apartment that isn't studio. They're all 400-500k.

>> No.861677
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861677

>staying in sydney for a year
>need to be downtown everyday so look for something central
>rent starts at 900 AUD for shared bedrooms
>mfw

>> No.861697
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861697

>>861601
>>861620
>>861626
>>861676
AHAHAHAHA. I'm american, that's why I'm laughing. You know what this is? The topping of a real estate bubble, I already went through this shit in the US. One day you're all going to wake up and the home prices will start to drop but the realtors and brokers will keep pushing sales(they've all gotten spectacularly wealthy through fees) and they'll even tell sellers "well the new house hasn't sold in 3 months but our research says you can raise the price 10%". Australia is nearing the end of it's amazing bubble pushed higher by chinese looking for dual citizenship, negative gearing and lending practices that'd make american bankers cheer for moar.

http://www.wsj.com/articles/australian-banks-further-curb-investor-mortgage-lending-1436331532

>> No.861711

mfw parents just sold their house for 3+ million and I'll never be able to buy a house of my own without moving

thanks vancouver

>> No.861718
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861718

If there's going to be a massive downturn in stock prices there's a pretty good chance housing bubbles in places like Australia and Canada will pop too. House prices did temporarily fall in Oz during the GFC, and that was with the China commodity bubble still going strong. This time it'll be a lot worse and the property speculators are going to get fucked in the ass.

>> No.861728

>>861711

My parents' neighbours just sold their house for 2 million to ching chongs.

Good thing rent is disproportionately cheap since you can't invest in that, so I'll just save until the big crash comes.

>> No.861729

>>861728

when and why do you think a big crash is coming?

>> No.861741

>>861729
A big crash is always coming, no market is stable.

The key is to save and wait until the drop and get in at the bottom.

70k into a deposit myself. Waiting for it all to come tumbling down

>> No.861752

>>861697
And you don't think the Australian posters on biz aren't waiting for that crash? We're the disillusioned bunch that can't afford a place. We're also the ones not dumb enough to jump into a mortgage at this time. Please, fucking pop, so I can snatch up a place to live in.

I'm tired of hearing from everyone that it's only going up. They keep saying "Well, it's been going up for 25 years." And when I tell them that's precisely the problem they laugh at me like I'm crazy.

>> No.861868
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861868

IKTFB

>> No.862052
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862052

>>861868

Why would anyone need 7 bathrooms?

>> No.862177

>>861868

>mortgage
>70k/mo

>> No.862232

>>862052
shit in a different bathroom every other day.

>> No.862306

I'll bet you can rent that same house out for a few thousand, so if you want to live in that home, you win.

Property bubbles are signaled by prices falling out of step with rents.

>> No.862343

>>861601
Wanna know how I know you live in a big liberal shithole of a city?