/biz/ - Business & Finance

*sips*
Yep, just reverse mortgaged the second home to get a condo in Florida.

>>15193692
Just wait anon, a housing market correction is coming.

>>15193692
start small

buy a 300k condo sell and upgrade to a 500k townhouse sell and upgrade to a detached

>>15193692
Not American but my buddy bought two acres innawoods in the Santa Clara mountains for 25k in 2015, it's only less than two hours commute from San Francisco and the Silicon Valley, jelly as fuck tbqh

>>15193692
buy a nice comfy cracker house in the florida sticks for 50-75k.

>>15194044
That's a massive commute and sucks ass

>>15194103
His work-commute is like 30 minutes, less than what he had when he worked in Jew York

>>15193975
This. It’s right around the corner OP anon. Wait until nearly all houses are at least 50% off. Banks will ONLY lend to those with a near bullet credit score. Hope you’re 800+ with deep trade lines or have 50K+ to put down to show worthiness. But I agree OP, homes are ridiculous right now and there are less and less qualified buyers everyday. Hold out another year or so, could be even sooner.

>>15194216
Banks are doing fine, even better than normal.

Keep buying shit coins, one day you might leave the basement

napsgear accepts bitcoin and gives a 20% discount. $40 for 300mg test/200mg eq. $364 for a 10 pack.

** I thought this said why are gains so expensive

>>15194235

>>15193692
because we are about to hit a recession

>>15194228
>t. home owner who bought the top
I feel sorry for you anon.

>>15194216
I don't know about that bud. Millennials are a huge generation that are going to want houses, boomers won't let go of their investment properties and we have mass immigration from the third world that all need homes. It's fucky ducky.

Don't do the boomer method. My parents bought their house way over their budget for 500k even though they could only afford a 200k house. They got lucky and the housing market went crazy now it's worth well over a million. That does not work anymore. Only buy what you can afford. Sure the housing market is still going up, but you will never see the boomer gains. Going far into debt on a house is not a good idea.

>>15193692
Its fucking ludicrous lmao. I remember I used to laugh at the concept of "tiny homes" for being so pathetic sounding, now a few years later a regular house is so absurdly out of the question that I actually entertained the idea of buying a "tiny home." Turns out even the cheapest tiny homes are close to six figures, for a literal fucking cuck shed. Fuck the day of the rope, I cannot fucking wait for boomer genocide.

>>15195448
What a time to be alive!

>>15195654
A bunch of spergs should buy 20k crack houses in Chicago or Detroit or something. We can make our own community. Maybe we can gentrify the nigs away too. It won't even be that hard since most of the properties are vacant or lots.

>>15195643
Same with my boomer parents. Lucky bastards bought a house for 500k in 2011. It's stitting at 1m now. Will we ever be able to own homes? An I going to have to live in some Forrest in the middle of Meth country? These prices are insane.

>>15195804
if we succeeded we would get witch hunted to extinction for being single white males colonizing black spaces. if you go the community route you're better off building a bunch of cabins in the woods

>>15195925
I don't think it would be so bad for adult whites living in the hood. Most hods have some old white couple that never sold their houses during white flight. The children would get bullied to shit though, you are going to need more than a few autists to change a neighborhood.

>>15195448
>millennials are going to want houses
>want
>immigrants will need houses
>want
None of that means they are qualified to buy. What, is the government just going to give vouchers for houses now?

>>15194116
this guy sounds super jewish

>>15196061
It means there is a demand. If there is a demand you will see people trying their hardest to make down payments and boosting their incomes.

I bought the very top because my wife was pregnant and we were getting evicted. Now we will struggle to make the payment once we run out of reserves. My wife stopped working to stay home with the kids. I'm a failure but no one knows yet.

>>15196093
Fantasy land anon. We’re in a generation of entitlements. The normal mindset is if you want something, someone has to pay for it. In theory you’re correct- mass immigration and millennials should drive costs up, but we’re in fucking clownworld and it’s already being proven what you’re propsing is not happening. Housing market is fucked, and it’s fucked soon. The next housing market advance will be when crypto is a viable payment for property, and that day is rapidly approaching.

The amount of people buying homes at these prices are starting to dwindle. My dad is having a rough time trying to sell his house even though they were selling like hot cakes in this precise neighborhood two years ago. Boomers are retiring left and right/dieing off, I can feel the decline in my bones. None of my peers are buying houses, many of them still live at home like myself. I of course save and invest every penny but when the crash does come you can bet I'm buying then

>>15196185
holy fuck i know the feeling m8, for real.

>wife insisted on getting a house because hated apartments (i did too but was wiling to stay)
>now instead of 750USD/month rent, we pay 950 USD/month mortgage, of which only 200 USD/month goes to equity, there rest is bank rent seeking
>we then adopted my 12 yo niece because she was in a shitty situation (true, and it is doing wonders for the niece but holy fuck she eats everything jesus christ)
>ended up quitting my job because it was going to drive me suicidal if I didn't, started freelancing
>freelancing doesn't provide anywhere near the income amount we need
>wife dropped to part time because niece & work complications
>i'm unemployed and freelancing, wife is part time
>130K outstanding mortgage, plus student loan debt
>slowly been bleeding retirement savings away, racking up credit card debt
>no one really even understands how bad of a situation we're in, not even wife despite me constantly telling her

just fucking kill me. I'm applying to part time jobs now but still.

I think you and I are wayyyy more common than people think. It's my personal belief that people like us are going to be the ones who precipitate the next financial crisis.

whatever i guess at least i still have 2k in shitcoins from the 2017 bullrun

>>15196185
>>15196339
honestly posts like these make me not feel that bad about no GF at 26. I can't imagine having a wife and kids right now, maybe in 10 years from now but no way in hell am I doing that at this point in time