/biz/ - Business & Finance

i live in a cheap area and houses are cheap. yet i still dont buy one

boomers colluded to prevent new construction and infill by shoving single family zoning down everyone's throats and protesting every change no matter how small.

Of course this doesn't apply in flyover country. If you can't buy a house there you are just a loser.

The absolute state of my hellhole island.
My hometown, Chelmsford

>>12499765
>median income is pic related is low six figs
>median home price is 10x or higher than that
>20% down payment is several years worth of gross income
Gee I dunno mr. OP I guess we’ll never know the answer.

>>12499793
Don't even get started on UK house prices. I'm in Fareham right now and the prices here are just insane.

>>12499765

>insert boomer post here
>mumble mumble entitled mumble

>>12499765

They are buying homes, stop beveling memes. There's literally a huge demand which is driving up prices.

Use common sense.

>>12499793
>>12499765


wtf dudes, with 500k here in my third world country you can buy a 200x200 meters mansion with pools and shits, and a fucking tenis court

>>12499765
Wages not rising. Too much debt already. This is the first generation to be poorer then their parents. It only goes downhill from here.
If you ask me the fed fucked up the bailout in 2008. They unintentionally created an oligarchy.

>>12499818
>compton ca
>no bars on windows
>no chainlink fence
>no pitbulls chained up out front
Its like you want to be the first to die or something.

>>12499790
Correct. About 30% of the economy is fake. It only benefits boomers, the rest of society is gauged.

>>12499832
How 3rd world are we talking? Do you have your own toilet? Is the milk pasteurised or not?

>>12499793
I wouldn't live in s doghouse like that.

>>12499805
But they are not dying off quickly. People now live 100 years.

What is the point of this thread? If you live in Palo Alto you probably are well payed and can afford it right? Or do all millenials in the US live in Palo Alto? Do all you faggots have to work in silicone valley and drive Teslas and eat avocado toast and shit I really don't understand

t. europoor

>>12499864
It's a bungalow so it's pretty big inside, yet not worth anywhere near as much as they're asking.
But yeah it's sill ugly.

>>12499862

Argentina, I'm pretty good actually, but my country is fucked.

This is the first time in my live that I'm happy of being in this shit hole

> pic related

>>12499827
Debt is a form of slavery. Only an idiot would buy at peak.

>>12499886

Some of the houses that are listed are in Uruguay (basically the tax paradise where are the successful entrepreneurs live and build their houses there)

>>12499886

>>12499876
>I really don't understand
Should have started with this

>>12499835
>unintentionally

>>12499876

>>12499886
Do the girls have big booties and small tiddies?

>>12499906
So can you explain? Why is it a problem for millenials that there are high end areas and expensive states? What do you propose is done?

>>12499765
>shitty american cardboard houses
lmao

>>12499904


https://inmuebles.mercadolibre.com.ar/casas/venta/mansion_PriceRange_1880000USD-0USD

Here is what $1 million would buy you in my third world country

>>12499886
.

>>12499916

You have everything, the girls are pretty good, I´ve travelled to a lot of places and still prefer the locals, so If you make it you can come here and fuck some chicks

>>12499927
thats listed for 20m swedish krona which is 2.2m usd.

>>12499917
Besides the exaggerated memeing. It's all expensive, it's not just the high end areas.
Further to this interest rates can only go up. Being tied to a 400,000 mortgae at 2% is one thing, what happens when the base rate raises to 5%? You'll default.

I'm from the UK so I can't speak exactly about America, but both countries would benefit from not importing hundreds of thousands of people each year.

>>12499938
You wingman for me and I'll give you the Falklands.

>>12499793

fucking hell

>>12499952
Well the way the SEK is going it will be a million before the years end.

>>12499916
>>12499938
>>12499958
argentinian girls are libshit roasties unless you find some conservative ranchers daughter.

>>12499958

I dont really care about those remote islands, but I think that I would be able to explode a lot of oil there so its a deal my man.

>>12499864
I call that a shed. This is a normal/average livable house.

>>12499958
Haha who the fuck goes for a mortgage without a fixed rate. Deserved to get fucked

>>12499976

Ohh, those are the "feministas" basically the democrats here, nobody likes them and are basically almost all lesbian because we dont fuck them, here is a good example of conservative pussy

>>12499914
> not in flood zone
fuck you can't even have nature demolish the cuckshed for free (+ profit from insurance)

>>12499990
>here is a good example of CONSERVATIVE pussy
>sluts.jpg
not a very good example.

>>12499987
Fixed rates in the UK only exist for 10 years.

>>12499995
>>12499904

>>12499990

Well, some high school girls then?

>>12499872
>People are living 100 years.
Correction. Most of those people are existing to 100 years. Very few people that get to that age are actually doing any type of living. That will all change very soon when the healtcare system collapses.

>>12499913
They are clueless, ppl assume they are more intelligent then they are.

BTW I have 'special drawing rights', I should apply to one of the branches.

Is it just me or are mortgages a scam?

30yr ""''"""4.5%"""""" $160k loan would cost you a total of $291k ....

Why don' they say this loans actual cost is actually 81% instead of """4.5%""""

>>12500021
running the world

>>12500053
So they can bait normie fucks into buying houses. I choose to live at my moms crib for 5 years. All these stupid fucks moved out and racked up debt, while I'm sitting on almost 100K in savings + other assets. It pays to not be a dipshit.

>>12500083
Lived with my parents for years to save up, then bought crypto early 2017. Moved out with profits from the bull run. Feels good after years of friends/family giving me shit for living at home. Now they're asking me for money.

>>12500053
t. retard who just figures out how loans work

>>12500053
Oh boy you must be new. Let me tell you about usury and a group of people known as the Hebrews.

>>12499818
>quiet
>literally next to an airport
>also gunshots because compton

>>12500162
>American paper wall
>Killed inside home by a hollow point of all things

>>12500053
Mortgages are literally the best thing about real estate. You don’t understand why because you’re a brainlet.

>>12499818
imagine if you could work remotely over telephone lines. sadly it hasn't been invented yet

>>12500177

What is great about paying almost double of what your borrow?

>>12500191
Should people loan out their money for free? And also get less back due to inflation

>>12499999
waste of good quints

>>12500191
Go construct that kind of leverage on an exchange and see how the terms stack up to a mortgage. You are buying an appreciable, rentable asset, not a fucking stereo.

https://youtu.be/UN1GJLBM8Wc?t=883

>>12500191
>Why cant I loan hundreds of thousands to buy an appreciating asset FOR FREE
Are you actually this fucking retarded you dumb fuck brainlet?

>>12500285
cool stuff begins at 14 min 43 sec. Hard redpill drop.

>>12500135
Honestly the same, bought a Vette and a Rolex with some of the crypto profits. Terrible investment decisions, but I had to spend a little to appease my ego lmao. I still have family members mad I live at home haha

>>12500289
Houses are depreciating assets. Unless you're renting it out.

https://www.youtube.com/watch?v=H_ILu-R-Nz8

I bought a 1 bedroom house in downtown San Diego. $325k, $40k downpayment provided by family, I can handle the rest of the mortgage.

They are very busy buying avogados and stick them in their arses

>>12500289

Who cares if its an appreciating asset? Cars depreciate like crazy and they still charge interest on them.

Also the interests rates are nowhere near the rate of inflation so stop trying to scam people.

Cold and rural is what you want

>>12499765
Because boomers got divorces and opened the borders imo

>>12499765
because I refuse to buy boomer bags at 50x.

>>12500289
>Why should banks get free money to lend out to people for interest and can lend out more money than they actually have and charge interest on it because they are banks
Fractional banking and non-asset backed currency was a mistake.

>>12499765

WE CAN'T AFFORD THEM AND FUCK YOU BOOMERS

>>12500520
>muh fractional banking
this has nothing to do with what we were arguing about, not having a fractional banking reserve system would cement my point even further.

>>12499793
lmao it's a complete joke, nobody I know is even considering ever being able to own a home because of how absurd the prices are. Fucking crash when

Why would people who aren't married and don't have children buy houses?

>>12499765
Too fucking expensive. House prices are crazy these days, seems to be the same everywhere.

>>12500692
To own land and have your own lawn to mow.

>>12500625
If fractional banking wasn’t a thing then interest rates for having money in a bank would be much higher and and loans would be fewer resulting in lower housing costs.

So basically fuck off kike.

Give it a few years and it'll be time to eat the rich again

>>12500713

>>12500720
Cool hypothetical that will never happen, but it seems you agree with me that lower interest rates for borrowing is retarded and would lead to even more retarded housing prices.

>>12500761
Fractional reserves are the underlying problem kike because without them homes would be affordable.

>>12500839
The underlying problem is clearly the abuse of local zoning and the consequential forbidding of development by homeowners.

>>12500955

Its not really the homeowner that forbid development. Most homeowner would cum in their pants, if their plot of land sudden got rezoned for commercial multi unit housing.

The zoning laws are deliberately made to be obtuse and restrictive so that only the well connected have the political and financial pull to get a large multi unit housing project through. These people are also the one who end up with the power of setting the market rate for housing.

For example, I own a plot of land in NYC, with R4 zoning. Theoretically, I am allowed to apply and build a 3 family residential house instead of 2. But to get that approved, I would need to personally replace and enlarged the decade old plumbing infrastructure of my neighborhood. Which is obviously out of the question for a sole homeowner.

Meanwhile I still need to pay 10k a year in property tax to the city.

>>12499862
Not him, but in Greece you can do it as well and the quality of life is great if you live in a city. I've lived in Canada for a few months and I'd take Greece anytime over that.

>>12501020
I was not specific enough in my own post. I meant that I was talking about suburban areas. I do not understand cities, but in the suburbs where I am from, homeowners will band together to stop any multifamily building project anywhere that they can. This happens regardless of what may happen to their own zoning. If the community is already popular and sought after, then the homeowners stand to make a killing with no risk by just denying developments. It happened in my own hometown last year.

>>12500346
>I bought a 1 bedroom house
>$325k

>Buy house and rent it out
>Roommates rents cover cost interest, insurance, and taxes
>Essentially living for free since my share of the mortgage goes right into the principal
>Writing off 100% of the property taxes and mortgage interest that I'm not paying anyway
>Low fixed interest on hundreds of thousands of dollars in leverage for a likely to appreciate asset
>Satisfaction and stability of owning residence, not at the whims of landlords who might sell the property and evict me

>>12500424
>the google maps preview

>>12499913
Both sides want strong military.
Military says new missile defense and landing craft. Keep A-10.
Government says no A-10, new multi-role with loads of issues. More aircraft carriers critically vulnerable to Chinese DT, 700-400 anti carrier missiles. No landing craft. Ten thousand abrams yearly that just get shipped to overstock yards.

They aren't smart, they don't deserve the headcanon

>>12499765
Because they are too fucking expensive

>>12499833
>no train in back of property
wont stop you from gettin raped

>>12500424
Comfy AF, I would buy that in a heartbeat if I had the money, that's pretty much my dream home/weather. Probably have to go with a satellite internet company but whatever, I can live without being able to download a 40 gb game in 20 minutes.

2500 square ft house for less than 500k on the west coast. Just don't live in commiefornia

>>12500692
Past a certain age a man with flatmates can be a bad thing

>>12501688
This is what my friend/landlord does. I get the best rent price in the city I live in, an extremely nice place to live in and I don't have to live with a stranger. An added plus is that a ton of our friends come here to hang out/party regularly so I generally don't have to leave the house and go to bars to party.

With all the money I'm able to save I'll honestly be able to put at least 50% down one a place in the near future. Definitely waiting for real estate prices to (inevitably) drop before doing so though.

>>12501135
>but in the suburbs where I am from, homeowners will band together to stop any multifamily building project anywhere that they can

Because "multifamily building project" = niggers.

>>12499805
kek, this. They do the same thing here in Noo Zillund with Auckland housing - the couple either pulls in >$200,000/year, or its mentioned that one of them received a substantial inheritance without which they would never have considered buying.

>>12499765
Seriously; if house prices are so high and nobody is buying, then how come the housing prices aren't falling??

>>12502195
Because these people don't have to sell. They are completely fine with staying there and if someone buys there house for a fuck ton then they are happy. If no one buys their house for the price they want then they don't care they'll just keep living there.

I bet you 75% of overpriced homes are people that are flithy rich or people that paid off their mortgage.

>>12499904
insane

>>12502217
The economy is doing great and all the homeowner have income, so they can sit on those homes forever.

>>12502217
Those people owning those overpriced homes in Calfornia have it extra good. If they're a boomer who bought it before prop 13, they're grandfathered into paying 1970's taxes on it. Literally mulitmillion dollar homes and paying property taxes of a couple thousand dollars.

ITT: niggers who dont know what a non recourse state is posting california real estate
lol

>>12501688

you're not gonna be able to cover mortgage and all related ownership expenses by renting out after buying at these current prices. the only people who are able to do this are the ones who bought when prices were at least 25% below the current level. the rental markets are very saturated in most cities these days. you're gonna be the dude with a 2k mortgage payment trying to charge 2k rent while the boomer next door is charging 1500 because he bought when prices were lower.

Homeless people should just buy a house

Australia and New Zealand are both in high property pricing, if anything it’s the property market it’s keeping the country afloat... all other industry and governements have FUCKED everything, it’s really bad! Like all we do is dig holes and sent the crap to China... we are totally screwed!

>>12499765
because millennials aren't having children and arent getting degrees in useful shit, so they have to import labour in the form of immigrants and allow foreign investment and boom you get high housing costs

its not surprising. millenials need to get their shit together and commit and have at least 3 children

>>12499999

Based, checked, and redpilled

>>12502894
atm that's true. But with a fixed payment and the historical tendency for rents to rise, eventually that boomer is gonna die off or sell his house and then I'll be the one able to cover costs with market rent.

>>12503341
>its not surprising. millenials need to get their shit together and commit and have at least 3 children

>cost of raising a child from 0-18 years old is $233,610 USD
>have 3 children

Why in fuck would you ever want to do that? There's literally no incentive to have even one kid. If you invest $19,467.50 a year for 18 years, i.e. the cost per year of a child, you are going to financially set and might actually be able to retire early.

>>12503447

Looks like youre a poor fuck. $233,610 is nothing. Then you build your family wealth and if you did everything right you make $1,000,000+.

You could have no kids and save money, but youre lineage dies you poor fuck.

>>12499832
This is true 500k will get you a luxury penthouse or a big house in Colombias major cities

>>12500343
This is horrible and retarded, just move to another city

>>12500240
you’re a real wise guy. Wait till real rates actually rise and RE becomes a shit investment kek

>>12500191
The value of the property will increase by a factor of 5 in 30 years. Also, let's say you have $160K cash to pay for the home. You'd be better off taking the 4.5% loan and earning 6.5% in the stock market.

>>12499952
Swedish people have to pay more. Immigrants get housing discounts.

why would i waste all that money for nothing at no gain when i can just live with my parents at 0 cost to me?

>where there are jobs the housing is expensive
>where the housing is cheap there are no job

AHHHHHHHHHHHHHHHHHHHGH

>>12499765
I dont have enough money.

>>12503678
So gambling. What are you planning to do when there is a drawdown in stocks?

>>12503689
What are you going to do when your parents die?

>>12503948
live in the house by myself

>>12503964
There will be bills to pay and groceries to buy. I know because I live by myself. I don't pay rent but it still costs a couple hundred every month.

Water, electricity, internet, gas and groceries.

>>12503980
I already pay for the Internet, Netflix, Spotify and buy takeout for the family sometimes.
I'm more worried about cooking, cleaning, mowing the law and other menial stuff like that.

>>12503525
To be honest, I honestly don't find the idea of having children appealing. I've worked hard my entire life and I want to enjoy the fruits of my labor while simultaneously investing in my future to continue this, not be shackled down financially. If anything, I'll adopt one day and give a kid who wouldn't have any prospects in life a fighting chance.

>>12503827
God, some of you brainlets are insufferable sometimes.

When you spend years of your life to earn a degree, it’s not guaranteed that you’ll make the salary Google says you’ll make, it’s all a giant gamble. Big risks yields humongous rewards. So stfu and play or fold.

>>12503827
We're not day trading here. We're talking about a period of 30 years.

>>12503996
Yeah, you say that now. All of sudden some woman who’s too much resist shows up in your life, after having sex for so long, one night you guys realize that your out of condoms, but the temptation is too difficult too much. She wants it and you always want it so you have sex, you start to get accustomed to raw dog and boom bop bam, she’s pregnant.

You actually didn’t want the kid but you enjoy her company and love the sex so you stick around. First year of piss shit and crying is pretty hard but once the little poop monster smiles at you and calls you dada, it’s over. For the next 40 years you’ll always be think about your baby and craving that warm and sometimes sweaty vagina your child’s mother possess.

because of avocado toast....... duh

>>12500346
San Diego represent. What do you do for work? It seems like everyone is a contractor out here.

>>12500346
>I
No, you and your family bought a house.

>>12504099
Beautiful. Thanks for this

>>12499765
Go fuck yourself, that's why.

I envy the freedom renters have to just move around and live in different places, like you would want to be able afford to rent something mid tier at least though

>>12502894
even if you have to throw down a couple hundred bucks to square up the difference, you are still building equity off the back of someone else and much like that poster mentioned, you'll get a good chunk of it back on taxes anyways. typically, you never break even on mortgage/rent within the first 4 years of buying a place unless you put a fat down payment.

>>12504637
>tfw renter and hardly care anymore how shitty neighborhoods are getting because I just keep moving to get away from it
Enjoy your mexican neighbors, fags. I'll be spending more time out of the country when my lease is up.

>>12504606
mulch all boomers

the ceo of GM couldn't even figure out the reason millennials don't buy sports cars

>>12500289
>appreciating asset
If it is properly maintained perhaps. There are so many shit heap houses out there without major update, renovation, or major maintenance since they were built in the 50s, 60s, or 70s.

>>12502195
Housing prices are sticky since when the price goes down so does the supply because homeowners tend to have this mental block against selling in a down market and home builders cut back. With rising intrist rates and the loss of the intrist tax credit they should be falling, but instead we have stagnation. Prices will probrably just remain flat or rise at a rate below infation for the next 5 years.

>>12505371
no. they're sticky because construction is a matter of local economies, and local city councils are incentivized via property taes to keep prices high

stop being dumb

>>12499765
Delete this!!!
REEEEEEEEEEEEEEEEEEEEEEEEEEEEE

I know what I got *sips*

Just buy 5 acres up in the northeast for like 7k and build yourself a cabin. If you really need to, set up solar panels and batteries, drill yourself a well too.

>>12499984
If that was a shed, yours is only about two sheds. Jackson.

>>12505271
>the ceo of GM couldn't even figure out the reason millennials don't buy sports cars
They're expensive and I'm too busy getting my privilege checked from every direction?

>>12499765
too busy eating their avocado bowls and listening to mo bamba

>>12500692
Almost 26 and still live at parents home. Know a girl whose 30 something and has no intent of moving out until shes married or some other stipulation she mentioned idk I forgot.

Anyways whose buying these homes? These homes aren't worth the price at all. Not to mention that no way every single person living in those expensive cities actually make anywhere near 10% of the houses cost in a single year.

>>12505954
home sales are driven by foreign buyers (like chinese) and unskilled immigrants that get 0% interest federal loans (0% donpayment)

literally

this country is fucked

>>12499765
Why would I buy boomer bags near ath?

>>12499914

The person who lived there previously wouldn't have earned that much in their entire life in a better economy

Why even expose capital to real estate if its not a REIT lol.

>>12499805
That article is written really obnoxiously.

>>12503591
Colombisn here. Pls noooo! You fuckers are inflating real estate prices like crazy buying property for your dumb airbnb rentals

>>12500424
>400k in the middle of absolute nowhere

great if you can work remote. literally unaffordable for anyone else. guarantee there isn't a 100k job anywhere near that house.

>>12506371
i looked through german ads and didn't find anything comparable in terms of location.
however, you can buy this

>>12506613
Löbau in Saxonia, isn´t that the NeoNazi hotspot directly to the Poland border? :D

>>12499765
Kek

>>12499765
your just looking in the wrong citys

>>12504099
t. turboboomer

because I have lived in 8 different places, 3 different countries in a timespan of two decades. I don't want to tie myself down to debt. I want to be free.

what is wrong with the prices in america? are people so dumb buying such a shithole for so much money?
Bought a HUF house in november in germany, for just 600.000€ merica is nerver gonna make it , sorry merican anons

> 1.5 million for a small wooden house with one level

>>12499790
This is completely true in my country in the Netherlands, boomers actively stopped construction projects from happening since there would be ''too many'' houses. And people are still somehow so retarded that they argue how good their idiotic political parties are while they're basically just a bunch of puppets and serfs to global markets. No exceptions, democracy and liberalism always leads to straight oligarchy where nepotism is sometimes the only way to really advance. The Dutch probably are the poorest people overall in the world when it comes to their balance since mortgage is so extremely high (due to tax reduction on interest payments leading to a lot of people just loaning MAX). House prices are currently in a humongous bubble again and when it bursts you have tons of people with underwater loans.

>>12500135
>>12500083
Same it's so much easier to live and gather a good amount of capital (be it a degree in demand or just financial by working) when you're living at your parents. There is no need to move out of your parents your house unless you got a very stable relationship, at which point I would advice to just rent something for a year and then if the relationship is still on look into buying things.

>>12499765
Because Millennials are subhuman, every other generation hates them and for good reason.
>>12499793
Why are British houses so ugly?
t. Ozfag

>>12506959
Germans are a rentier nation, no one buys houses there.

>>12499790
If I could buy a nice house in flyover country and work from home, I would do it. Unfortunately, I am a no skilled pleb and have to stay in the rat race for a while yet.

Millennial here. Just bought a house.

>>12506726

Comfy

I agree that a million dollars for those favela tier houses are insane. But it's the land itself that's worthy, not the building. A few hundred square meters in a commerical area could land you a nice rent for commercial purposes.

All my coworkers are buying, but I guess we are some of the highest earning wageslaves in the city.

>>12500182
This is where I live.

If you go 2 hours north on I-35 you can buy the nicest house you can think of on on a sizeable lake in a nice community for $1.2mil

>>12508086

>>12508126
My parents bought a 70s house on a stretch of road that didn’t have any houses on lake side for just over 250k.

>>12507972
But these are commercial properties and the amount of land they're getting is fucking tiny.
>$1,500,000 for 910 sq ft

>>12506726
Best house in the thread.

>>12499793
Try living in Edinburgh mate

>boomers buy out housing market because IT CAN ONLY GO UP
>too expensive for next generation to buy a house
>wah why aren't millennial buying my bags

>>12508273
Trai levin' en Edinburrrrghh met

yes goyim, buy these houses........ i hear we are due for another BIG pump in housing prices, so don't miss your chance....

if i ever make it so i can retire without having to work again i'll probably buy a small house in bumfuck nowhere for virtually zero money
pic related would cost a minimum of 150000€ where i live
including a fucking train railway and noisy mudslime neighbours for free

>>12504099
This is real life

>>12505472
i hope theres avocado toast ave in this game

>>12508821
comfy and good strategy

>>12508273
Edinburgh is nice mate, what you on about?

Tollcross here

>>12508821
you'll need a big ass 4x4 truck to drive an hour and a half to get groceries

t. Lived in ND

>>12500083
>>12500053

To be fair, on the new closing disclosure form you sign at settlement, it now includes the total cost of the mortgage, which is usually double what you're buying it for over 30 years.

Remember, you have to present value all the cash flows and adjust for inflation. The banks really aren't making out that well from a present value perspective, especially including inflation.

>>12508982
considering how low maintenance i am, i only drive for groceries once a week and still am not even able to fill half of my trunk

>>12506613
>((((berg))))

>>12499886
>U$S

>>12509244
correct. its more beneficial for the bank to foreclose on you in 10 years and take all your appreciation in the resale.

>>12499904
That's almost the price of one of the most expensive apartments in the city of Curitiba, which is one of the best cities in brazil.

>>12504099
Yeah, or she leaves in the first year leaving you to raise your son alone.

>>12501560
ACKSHULLY, that's not bad in SD. Depending on the area, 1 BR are easy to rent out to young professionals.

>>12499765
>>12507227
because we're all fucking broke and half of us with a brain understand that even if we work hard, get a career, buy a house - ALL OF THAT IS ERODING FOR THE REST OF OUR LIVES due to climate and wealth inequality.
tell me why we should prepare for a paradigm that will not exist for us?

>>12499869

>>12500346
I work in downtown SD why would you want to live down here? The homeless are retarded lunatics. Golden hills seems nice tho.

check out this based motherfucker

>>12501061
how much monthly income in greece is considered middle class?

>>12499833
Has to be a joke.

>>12499869
Space is scarce kek

>>12499869
I hope cucks that pay a million to get sme tiny urban cuckshed surrounded by blacks go bankrupt

>>12500016
Some of the ugliest trash I've ever seen

>>12499835
Unemployment is at all time lows. Now employers are having a hard time finding staff to fill open jobs. They will have to raise wages as a result.

>>12499927

this is what $130k will buy you in my first world country

>>12500343

i miss when podshares were free

>>12506726

killeen is a truckstop

Bought my first house 6 years ago, bought another last year.. Planning to buy one each 2 years now. Real estate is amazing investment

>>12506371
what about if you already made it?

How hard is it to build a house in hamerica? It's land of FREEDOM after all, I'm sure you can just erect a building on land you own without problems

>>12499827
from immigration..

>>12512048
you can't

>>12499765
>A generation that has no full time job
>Buying houses

>>12511906
>Florida
have fun with hurricanes kek

>>12499869
Is this real? Do people really buy 900 sq. ft. apartments for this much money? Are there rich mentally ill people that will actually buy that apartment? Like what goes through someones head to pay that price for an apartment?

>>12513242
900 square foot is premium for an apartment in the city

>>12499869
That's gonna be a no for me dawg

>>12506726
Agree with >>12511933

Unless you're in the military or married to someone in the military, there is literally no reason to live out there unless you work from home or something because there aren't any high paying jobs in other industries besides owning a Ford dealership and selling mustangs to 18 year old guys who've enlisted and are looking to blow all their pay right off the bat.

>>12503678
Exact opposite the value of property will decrease by a factor of 5 probably within 5 years.

Everything dollar denominated is highly inflationary.

Buy gold and silver. Wait for a currency reset and as little as 200 ounces of silver will buy you home outright after the deflationary collapse of all asset prices

>>12503678
You idiots can do what you are trying to do in the overinflated stock and housing market BUT YOU MUST have 15% of your net worth in real money and real wealth. Gold and silver or you'll be so fucked when this house of cards comes crashing down

>>12508976
He's talking about the prices bud.
I'm quite regularly around Dennistoun.

>>12499793
>>12499818
>>12499914

>>12499765

The boomers running companies aren't paying good wages.

That and no one is getting married anymore

>>12503993
you pay for like 100 bucks worth of stuff plus some mcdonalds a few times a month. Goodluck, champ

>>12513756
>camo
kek. my stomach hurts just thinking about it

>>12499765
This is why I refuse to wage cuck. At best I'd be able to buy a house that's half as nice as my parents house, and it would take me decades to pay it off. Nah, I'll become independently wealthy or I'll just be a NEET forever, I'm not playing the cuck game.

>>12513477
200 ounces of silver is $3000

>>12499827

Now seriously guys, why the fuck do liberals

This is the biggest problem where I live
>go on zillow
>looks like a nice house
>price is fair
>must be too good to be true
>pic related
Real estate has been falling lately. Skyrocketing school/property taxes are leaving more and more trapped in their homes

>>12499833
has that place been on the market for 1+ years

surprise

>>12503737
its good our good friend amazon chose NYC and DC instead of somewhere more affordable like Houston

>80 year old shack with mildew
>400% tax increase out of nowhere

>>12514702
>he thinks 3700 is high
hahahahaha

never ever move to new england

that would be 6000 if not more

>>12514767
how the fuck do they justify just arbitrarily raising property tax by such amounts each year? my mom's house just shot up in property tax and home insurance last year, now she can't even afford it.

>>12514809
>hahahaha i love to brag about how i'm getting fucked more than you hahahahah

>>12514809
congratulations, i guess? its the principle of the matter. imagine if that 6k magically becomes 10k in the course of a year
at any rate, were getting to your level quick
>>12514811
chain displacement
>people flee hellhole blue state where everything is taxed to hell
>move to cheap area with lower taxes in droves
>repeat all the things that fucked them back home
>taxes begin surging 20%+ every year
>old population gets dispaced
>either move, get your home taken by the state, or deal with it
>more people in blue states move in because theyre so used to paying 12k/yr that they think 6k/yr is a steal
>they become the new clientele so the local authorities figure they can keep doing it until because the tax rates, while absurd, are competitive with even more absurd areas
its fucked

>>12511919
You have to be pretty Jewish with your money to live in a podshare desu

>>12502143
h-how old

I'm 24 and worried about being judged about living with friends

>>12515270
I don't understand your concern. is it judgement from females? because females are not sentient

they'll literally fuck drug dealers and rapists

>>12499790
boomers don't need to collude. dumb ass americans are drunk on the american dream and will do anything to buy a house and start raising a family. they just borrow the money for the 3% down payment from their parents and it gets underwritten as gift assets. boom, qualified to own a home. there's no stopping the idiotic masses. a full on crash is the only thing that could stop this retardation.

>>12515302
>desperate start raising a family
>in 2019
Did you just wake up from a long slumber? Most of the younger generation of people are not desperate to start a family. Sure they have plans but they rather make a stable living first.

>>12515388
the average consumer is nothing like the average 4channel NEET. they meet someone special, have unplanned pregnancies, and scramble to pay for a wedding and starter homes, and most of it is financed, with the rest is borrowed from family. shit happens in normie lives because they refuse to raise apartment babies. and all the lending rules are bending to accommodate this idiots every passing month. "it's not a big deal" to borrow money for the stuff you need and pay it back for the next 60 years. that's how america works.

>>12509779
Zoomers are already surpassing you, millenials are just scum. Thank fuck you're the smallest generation ever birthed.
t. Xchad

>>12515270
if under 30, you're good bro

>>12515413
Nigga go to any college right now, if you actually live in the US, and ask a bunch of students if they are desperate to have kids. A lot will probably tell you they don't even want kids.

>>12513231
Literally a non issue t. lived in florida all my life

>>12515459
college age zoomers are not consumers yet. we're still working through the millennials who are now starting to get fat and unattractive, so they need to pair up pronto before they hit the wall. they should have some money but they're spending way more than they can afford.

>>12500424
a fucking log cabin a few construction workers can build in a month costs 25 years of median wage

>>12515490
Are you pulling this shit out of your ass because you "knew people" that fit your description or what. I'm a millennial and the only people I know that already have kids are Mexicans and they have had them since 19, 20, 21.

>>12501020
>well connected
so kikes again?

>>12515459
>go to any college right now, if you actually live in the US, and ask a bunch of students if they are desperate to have kids. A lot will probably tell you they don't even want kids.
t. never been to utah

Breeders are out of control here and they're not all spics.
Spics are out of control here too though and I see mulatto couples every day so whatever.
Everything is trash.

>>12515554
I work in finance, I see the data myself. and no offense (i'm also here too) but you being a 4channeler means you're not the type of person who has a wide social net.

>>12515554
>the only people I know that already have kids are Mexicans and they have had them since 19, 20, 21
Yeah a very sizeable chunk of the population in much of the country is mexicans. This place is beyond salvaging. Grab what you can.

There are less millennials than boomers. Even the moderately priced houses (by today's overvalued standards) have far higher supply than demand.

>>12514823
Should be illegal to hike property taxes by >20%.

>>12511919
Someone post the Silicon Valley version side by side

>>12514795
gotta pay those boomer pensions somehow

>>12515621
taxes are simply catching up with the prices, blame the retarded buyers bending over the barrel for greedy boomers trying to retire.

>>12513242

There are millions of millionaires in America, an extra $5k a month is nothing to them especially for an apartment that will continue to appreciation for as long as the bubble lasts.

>>12515567

Bingo.

>>12499793
This is what welfare and immigration does.

>>12506726
>killeen
That neighborhood is full of degenerate niggers and spics

>>12504099
Ty for this.

My gf is due in 7 months (pretty much exactly what you described is what happened to me lul)

>>12504099
Thank you for this post. Just... thanks.

>>12514817
Why do people do this?
>LOL I PAY SO MUCH MORE.
What's wrong with them?

>>12499984
That literally looks like a giant shed

>>12507043
ironically thats what many economists say about Netherland and people should be worried about Netherlands debt levels

>>12516316
ive wondered that too and concluded that its just some odd, delusional wagie flex to cope with being fucked by the government
>heh
>you think that level of assrape is bad?
>get on my level punk. then we'll talk
if someone is proud to pay $10k in rent (and counting) to the government every year forever on a property they "own" out of the remaining 2/3 (or less) of their income they have at their disposal post-tax, why stop them?

>even if I make it and buy my own place the size of my parent's house I'll have to pay as much in taxes as I do for rent

>>12516502
the only way to be free is to move to the middle of nowhere
the meritocratic subsidize the parasitic for little to no reward.
sure, you could come into enough money to generate a passive income stream where those taxes seem like nothing, but you're still forced to directly fund public schools and whatever propaganda they deem fit to dumb down the local kids with. you have no choice but to pay for paco's food stamps and lunches for the kids that working class people can't afford to have anymore, "ghost superintendents", the local high schools NFL-quality football stadium, and maybe some slow and grueling infrastructure repair if there's some money left over.

if i make it, im gonna go fuck off to the middle of nowhere. im game to move to some anime fren settlement in the woods if the population isnt too degenerate

>>12516502
>Buy a house
>pay taxes almost as high as rent
>constant maintenance
t. boomer: But anon you'll have a place you call your own

Join the chads, rent.
>pay monthly rent but no taxes
>if you are smart about it, you can actually deduct part of your rent from taxes
>If house is older than 5 y/o just move to somewhere else. 5+ y/o houses are like women after their 35. Some of them look fine, but costs them a lot
>invite thots to brand new condo that "everyone's been talking about", some boomer bought and you've been paying 1/3 of the boomers morgage.

Go rental, fuck thots.

>>12499793
Chelmsford is cheap, try buying somewhere within reasonable commuting distance of the city, at least 700k for a reasonable house in a non shit hole area

>>12504159
It's prob a female

I kind of want a house but the job market is just too good to justify buying one. Sure they cost a lot more in the long run compared to renting, but setting down roots is a luxury worth the price once I'm comfii with my bags and tired of moving every few years. Main problem is millennials are very success oriented and driven by data. Houses are more a boomer thing, more for nostalgic types that are prone to complacency.

>>12499765

>Not Leaving the Realtors a Message

>>12499765
>1.5kk u.s dollars for a cardboard
Nigga what?

>>12517111

>>12516734
Chelmsford is not cheap, it is also within reasonable commuting distance you brainlet.
Just because something is even more expensive doesn't make the rest cheap, they're just both expensive

>>12499976
>implying that we care in the slightest about a woman’s “political” notions, or that their political opinion has ever mattered
of course women are liberal.

>>12499976
>implying that we care in the slightest about a woman’s “political” notions, or that their political opinion has ever mattered
of course women are liberal. in other news, every man is either taking finasteride, or is conservative.

>>12513804
They aren't that bad. I've already bought 2, 2 bedroom flats for ~£160k each in good areas

>>12499765
The name of these threads should be changed to "Why arent boomers dying in their sleep?"

the problem arent the jews or the niggers. the problem are the boomers

Lads.. help me out here
I put the weight of the world on my shoulders.

I make 70k, got about 70k in savings
My dad retired - he'll prob be bringing in 40k a year
my uncle still works, probably makes 60k at least, but will retire soon as well
my moms SS should kick in and she should be making 25 or so herself...

does it make financial sense to buy some 550k house with 15k a year taxes?

>>12518815
I mean if the mortgage is around 2600 a month, and I alone bring home 2800 or so a month.. doesn't seem crazy

>>12510336
$300/month
looks comfy, would have to check the neighbors out though

>>12499765
mfw muricans pay $1.5MM for a cardboard house that gets destroyed by the next tornado/hurricane/wildfire.

>but muh house, muh plywood, muh debt

>>12514767
So much for "land of the free"
I own a $500k usd house (4,000sq ft made completely out of cement on a 20,000 sq ft lot) in one of the biggest Mexican cities and pay $350usd in property taxes
Why the hell do you morons think you're "free"? you get assraped by the government and big companies daily.

>>12511872
this has been the case since the last year of the Obama administration and low wage growth. The global economy will have it's effects on the US soon keeping it low.
Enjoy your oligarchy.

>>12499805
Mirni idem u susret

>>12500016
not even the cheerleader effect can help those girls

>>12515443

Pretty much this.

>>12510363

If it's similar to Portugal, you are middle class starting at say 1200 euros net a month.

>>12499765
32 year old and bought a house in Cali last year at near top of market for 475K with 30K down. 3.2K rent per month and I rent out the main house for 2.7K and live in the garage. Still have 4.5K credit card debt for home repairs I'll have paid off soon and like sub 5K in the bank. Will be making 6 figures this year with job/rent but I'm still scared as fuck it will all come crashing down this year and lose it all before I can pay off the cards and build up a good emergency fund again.

>>12518815
>>12519180
Anyone, advice?

>>12514941
>>people flee hellhole blue state where everything is taxed to hell
CA actually has really low property tax. even in Los Angeles, i was surprised to see some affordable duplexes for sale. but mostly probably because i was looking in a cheap neighborhood because thats where my job is

>>12520511
Liquidate that shit right now!

>>12516673
>>if you are smart about it, you can actually deduct part of your rent from taxes
how?

>>12516673
I'm doing this now but renting has problems too.
My landlord goes through every apartment every few months so he can do inspections or replace a filter or some other shit. I'm glad I don't have to deal with it but it's annoying to have a random dude walking through your place, and only getting 24hr notice sucks. Wish he would just schedule all that shit to one day of the year.
Since I'm in an apartment building they test the fire alarms every month, and each room is wired with the alarms. My ears are still ringing from yesterday.
Literally hear everyone that goes through the hallway. Even crying babies on the other side of the building in a different apartment can be heard. Then you have upstairs neighbors stomping too.

Maybe renting a house is better if you get a landlord that never checks in, but that's something like 3x the cost for more space I don't need. pic unrelated

>>12520895
Prop 13 is nice. How long til they repeal it for being racist or something?
Hawaii also has really low property taxes

In the northeast, if its blue, you get screwed

Move to Ohio instead.

>>12499765
>$1.5m
The lot value is about $1,488,000 right? Anyone that buys that is bulldozing it and putting an equal value home on top of it.

>>12504099
Vaginal jew