/biz/ - Business & Finance

>$9,750 in 1956

That's essentially like $900k now.

>>16988380
that shithole is over priced by 65% so is the whole housing market right now, imagine buying at the top, kek

>>16988398
More like 93K in 2019

>>16988380
Because of 20% equity requirements. Why would I shell out 10k for a down payment, another 10k in closing costs, and then pay 150 in pmi every month for a few years with the hope to refinance, all while the housing market might crash tomorrow.

>>16988412
Do you people just not know what an FHA is?

>>16988398
Are you actually retarded
It's around 90k

>>16988404
>it'll retrace 20%, you'll see
any
day

now

>>16988474
When the FED stops pumping billions of dollars into it, yeah it will go back way more than 20%.

You thought the markets were going up because of muh good economy? :^) now now

>>16988409
>>16988467

The average household yearly income in 1950s was a few grand. So that house was easily 2-3x a yearly income. The average income in 2018 was $127k. So its priced about the same.

The difference is there is more wealth inequality today, where it was historically low in the 50s, so it only seems more expensive for most people.

>>16988551

Median household is like 61K nationwide, maybe 70-80k in HCOL areas.

In 1956 only the man was working. Median individual income is like 33K.

>>16988551
False. Avg income in 2018 was $61,858

Yes as it turns out, certain investments go up in value with demand. The reasons people can charge this much is because people are buying them

I wish wome didn't work, there would be more jobs available to men because 50% of the population would be unemployed.

>>16988551
>The average income in 2018 was $127k.
Kek, no it fucking well wasn't

>>16988614
The only supply and demand here is supply of cheap debt and demand from speculators. Happens in every bubble.

>>16988588
>>16988590
>>16988658

That's the median income, the average income is skewed by the rich, and is about $127k according to tax returns.

The average in 1956 was about $3,600 according to the census. So the house is priced about the same relative to the average income.

>>16988491
I think it really depends on your location, my areas pretty cheap

I make around 23k a year. I am 25 years old and have no college degree. I own my car (not financed), I have an apartment I rent with a friend, I work full time as a security officer.
How will I ever afford a home? Even if I saved up, most of the market is super bloated along with most homes out there being way bigger than what is needed.

If I could get a small home and buy it outright, then I'd only need to worry about property taxes and maintenance. But it's in the interest of the system to keep me paying rent instead of owning.

>>16988675
Lmfao no, the median income is actually $31,000, cite your numbers or fuck off with your bullshit.

>>16988682

You will likely never with that income, $25k is less than minimum wage full time.

>>16988700
No, it isn't, holy shit you're retarded with numbers and stats.

>>16988682
It's guard not officer.
>t. security lead

You have two options. Cut costs or get a better paying job. Move into a room at someone's house or a cheap studio. Eat cheaply. You're not making enough to really give you enough momentum to get a house. If you're gonna get a better job, do something in IT (easy to learn/high demand) and be willing to move. Good luck fellow Guardbro.

>>16988707

15*40hr/week * 50 weeks = $30k...

>>16988380
Look rabbi! I posted it again!!!!

>>16988724
> Minimum wage is 15
Nice meme faggot.

Bought my house in 2013 for $167k.
Gonna sell this year for almost $400k.
Then I'm gonna a small place in a small town in the middle of nowhere for $100k.

>>16988746
*then I'm gonna buy

>>16988682
3.5% down owner occupied duplex. don't be a faggot.

>>16988690

You can estimate it with GDP. GDP in 2018 was 20.5T. There are about 255 million adults in the US with a workforce participation rate of about 62%. So the average income would be 20.5T / 255m / 62% which is about $129k.

>>16988876
Are you retarded?

>>16988700
>>16988724
Negro in some places minimum is still $7.50. Minimum here is $11.50, and most jobs that pay minimum aren't full time.

>>16988731
>>16989026

The point is not what the literal minimum wage is... $25k is below the poverty line, why do you expect to afford a house at that income?

>>16989060
he's a lowIQ poorCoper, and he's not gonna make it. Just let him wage in peace. IQ has a direct correlation to earning potential. I was raised by a single mother and never went to college - earning 180k/year through my sCorp (so no W2 tax jewing). Again, that anon just isn't going to make it. It's really sad. This is america.

>>16988380
5x leverage created this dumb pricing

Lowkey fucking annoyed with people who ask way too much for their shit. You see it at every level of commerce.

If you must live in a VA college town Blacksburg is way nicer.

t. Roanoke

>>16989282
I know it happens everywhere, but it's very common in western PA

DAY OF THE PILLOW NOW

>>16989560
the boomers are the cause, the solution is coronaChan. We need it in LA - 2 confirmed cases already means 200 unconfirmed spreading through the population. Hopefully many of those chinks are Real Estate 'investors'. Boomers have lowered immune systems. Cheap homes soon... We will win.

>>16988551
>The average income in 2018 was $127k
93 million americans don't work
household income average $56
50% working individuals make $30k and under
>do you even live in America?

>>16988675
93 million americans don't work
56-60k average HOUSEHOLD income
50% individuals make up $30K
>>16988876
that's not how it works anon.

>boomers taking vacation to SEA
>boomers come back with Corona
>boomers spread Corona in their closed communities
>everything works out in the end
Nature self-corrects itself

>>16988675
>the average income is skewed by the rich
Doesn't that matter? We all still need a place to live. People still have to buy those houses despite lower income.

>>16988700
>$25k is less than minimum wage full time.
Lol

>>16988428
conventional loan is easier than fha.

>>16989871

Yeah it does matter. Its why "millennial aren't buying houses." Its not because houses are overpriced relative to the money supply or compared to supply and demand. The difference is wealth inequality. Its that most millennials are not what we think of as middle class, most people are just poor today. The median income is what 60-80k/year? At least 50% of people make below 80k a year... which is not a lot to afford many things besides essentials for a family, let alone save for an emergency fund, save for retirement, let alone put 20% down on a house.

The reality is the majority of millennials will live their entire life in poverty, and will never be able to pay for the cost of maintaining a house. So developers are throwing up cheap apartment complexes instead to suite the poor's housing need.

On the other end if you are educated, or just connected, its hard not make many hundreds of thousands of dollars a year. The fed is printing money like never before and the main benefactors are people who already have money, the upper middle class and up, who can and will pay more for their homes. They are driving up home prices. There is not a lot of reason for housing prices to fall as long as the money keeps being printed and handed out to the upper class.

>>16988746
Fucking jealous god damn it this shit is garbage.
I want to buy something but even grossing 90k per year everything around me looks absolutely bullshit expensive. And the places that are priced a little lower are crawling with mexicans. Where the fuck do people even live anymore? You're either paying 350k+ or you're going to have ugly neighbors who want to check your privilege.
Even fucking condos are 200-250k+.

>>16988404
More like overpriced by 275%

>>16988380
1956

>>16988876
>>16989060
>>16988724
>>16988700
this guy is speedpulling any arbitrary indicator from ECON 102 while somehow thinking the country consists of just his sole location

>>16988409
so it's a 4x investment over 60 fucking years? lmfao boomer retards

>>16988712
>>16988682
What a pathetic and depressing fucking job, lmao.

>>16989135
>never gonna make it
C'mon...dont say that, I will make it no matter how many times I fail.

>>16990110

My first house was in a cheap mexican area. It turned out great tho after it got gentrified.

>interests rates low
>houses expensive

>interests rates high
>houses are cheap

You literally can't win unless you pay in cash when interests rates are high.

>>16988380
There's too much uncertainty.
I work in Stamford CT and I've been looking at homes in the area, but I'm not even sure I want to keep this job. It might make more sense for me to move somewhere else and if that happens I don't want to get stuck with a house that needs to get sold right away.

>>16990248
The mexican areas here aren't gentrifying fast enough.
Instead they're just getting more third world.

>>16988380
"Goyim were born only to serve us"

>>16990719
They’re not wrong.

>>16988491
that's why they will never stop pumping billions of dollars fresh from the mint into it. get onboard the golden bull run or stay poor =)

>>16988380
Deport all illegals and visa workers and indefinitely halt all future immigration, doing so would raise wages more than any other policy and tank the cost of housing. Most big cities would have a $15 minimum wage due to supply and demand. The cost of housing would drop 50%+ in some cities.Of course businesses would hate that.
We don't have a labor shortage or skills gap either, that is a myth pushed to keep the immigration flood gates open. What is the definition of "labor shortage" supposed to be anyways? Businesses will ALWAYS say there is a labor shortage and skills gap, it is in their best financial interest to do so. Every job being filled would be horrible for wages and employee treatment. My definition of labor shortage is when it threatens the ability of the US to defend itself from China, Russia, and others. We could deport every person and their descendants that are here through immigration, legal and illegal, going back to the immigration act of 1965 and we would still be fine. Businesses would hate that though.

>>16990759
based
this unironically would crash all investments but it would make the quality of life for people actually working improve 10 fold. Not only that but it would result in an influx of small businesses and entrepreneurs that could actually start their business without massive high initial costs for real estate or rent.

>>16991113
>this unironically would crash all investments
I don't see a problem with that, those people invested in inflated markets hoping the bubble would get bigger even though it is more sustainable to have no bubbles at all.
If deportation happened and their investments crashed then tough, shouldn't have invested in something that relies on the government doing the opposite of what it should do.
Thats the same last resort response I get when I suggest abolishing copyright, patents, and trade secrets. The richest person in the world before IP fetishization, Keith Ludwig, was only worth $2 billion ($3 billion today) and that was from finite and scarce property. Shipping and real estate. The richest people in the US would instantly lose billions, if not tens of billions, in net worth if those three parts of IP law were abolished like they should be. Keith Ludwig's wealth didn't rely on IP law while Bill Gates, Jeff Bezos, and so on rely on the government. The people that complain about income inequality should complain about IP law, IP law is what has allowed those people to become so rich.
The purpose of IP as stated by the founding fathers was to promote advancements in science and art but it has done the exact opposite of its stated goal so it should be abolished. Who cares if some people lose money, the goal was not to maximize profit for some people.

>>16988380
I'm 25 and almost have my duplex paid off, after that I'm moving out and renting out both sides. Gonna see if I can repeat the the process but with a triplex or quadplex next.

>>16991259
Does buying both sides of a duplex go for less money than a traditional house? Also what location (most important part)?

>>16991303
Real estate is still kinda cheap out, but from what I saw, it's more expensive than a traditional house, 35k would be a house here, duplexes and such are around 60ishk. Pittsburgh,PA.

>>16991259
What's your experience been as a landlord? Like what kind of hassles/benefits has it brought you? Is dealing with tenants difficult?

>>16988380
Those tidepods aren't gonna eat themselves

>>16991379
Did you forget a 0? How can a house be that cheap? Good to know that they go for roughly 2 houses worth.

>>16991379
Even in Shitts(((berg))) that's a sad, sad, crackhouse.

>>16991379
>35k would be a house here, duplexes and such are around 60ishk
Holy fucking shit. Duplexes are a down payment.
How much do you collect with rent?

>>16991415
Everything in PA (and most of OH) was built over 100 years ago. The trash that lives there is basically African tier, just living in the remains of whatever the smart whites built to conquer their shithole back when it was the far end of the world.

There's still plenty streets that are cobblestone, the nigger Pennsylvanians are too stupid or lazy to pave properly.

>>16988398

https://www.usinflationcalculator.com

Stop being poor. It's as simple as that.

>>16991383
A mixed bag, I live pretty much rent free and will be turning a profit soon, but my first tenants were straight up niggers in every possible way. The guy I agreed upon was cool, and his family seemed normal, but then he started moving in extended family and shit, which I wasn't aware of. They would sit on the front porch and smoke weed while letting 20 little kids run loose and be destructive, they wouldn't watch their kids. I kept getting too many complaints from neighbors and couldn't deal with their shit anymore. Evicting them actually wasn't that hard, but I would hear the women of their family yelling about how I wasn't a "real man" for kicking them out and this and that.

Fast forward to now, I've got it rented out to a college girl that's pretty quiet, she's usually at school or work. So yeah, just screen your tenants man, don't be afraid to ask about their credit score, and do not take section 8 nigs.

>>16991430
$1100 a month, after It's paid off $2000 net profit easily.

>>16991556
How is that even possible to make 1100 rent with a 60,000 property?
Here it'd be about the same rent, but around 250k for the one side of a duplex. 200k if it's old and shitty looking.

Fucking what?

>>16991582
This area is actually pretty nice, and it's a 2br 2bath. I've also remodeled the kitchen, redid some of the flooring, and added a washer and a dryer. No slumlord shit over here.

>>16991556
you're telling me you have a cap rate of 40%? no way.

do you mean 600k not 60k?

>>16991604
60K, if you're paying 600k for housing in pittsburgh you either have a newer mcmansion or a 10 unit apartment complex.

>>16988675
>according to tax returns
so that's 56% of the American demographics

>>16991619
the areas where a duplex (2 2/2 units, right?) sell for less than 100k, rent for 2/2 is like 800/mo and the duplex sells for 90k, from what i'm seeing online.

maybe you're saying you bought for 60k before gentrification helped you out in your neighborhood?

>>16991594
That's fucking bullshit.
I'm fucking mad. God damn mormons and their mass of third world converts and massive fucking families and the ugly fucks from california that have swarmed utah have made the "urban" areas here unfucking believably expensive to buy anything in and pittsburg is cheap as shit and still nice?

I'll have more than 150k in my bank account at by the end of this year. You want a new neighbor? What part of town has tech jobs?

I will buy a god damn 10 unit apartment building and retire in five years FUCK i'm agitated. Why am I even here?

Yeah I've been here since 2010, gentrification has helped a lot, there's a new school in the area, and new houses have been built, the roads seem updated, also there's more resturants on the main neighborhood street. When I moved in it was really just a family dollar and a Chinese Buffet down there. When I mortgaged the place I got it for 60K in good condition, but I've updated it a fair amount, and should get it re-appraised, but I have no plans of selling anytime soon.

>>16991722
Sorry this reply was meant for you.
>>16991673

>>16988682
you sit on your ass as a security guard you don't fucking deserve to own a home

>>16991722
>>16991730
very interesting. it looks like your housing authority is pushing decent rents too: https://hacp.org/doing-business/landlord-resources/

fucking fascinating. i've heard that there are these non-profits that are trying to buy and sell homes between people to try to keep prices reasonable (and keep property from going to out of state investors). have any experiences with them? my friend lives over there and he's real worried about the gentrification destroying pittsburgh.

>>16991757

>makes an honest living
>doesn’t deserve a home

kys kike

Remember landlords will be the first to get the rope

>>16991779
at least get a job where you have to carry a gun and they'll pay more. my roommate used to do the security guard thing for a few years and he would sit on his ass playing video games and stupid cell phone gacha bullshit. he rents a room from me and definitely will never own a home until he gets his act together. security is bullshit work and you deserve bullshit pay for it. I'm sorry your time is worth less than the boss saves on their insurance. if people weren't so useless that they worked for peanuts then they would just pay more for insurance.

>>16988380
you could buy a fucking house in 1913 for 240 ounce of gold or under $5000

today it's like $500,000 and 470 ounces of gold.

>>16991775
I remember seeing something about that, but never really looked into it too much honestly. Gentrification is kinda spooky for everyone renting. It's going to price a lot of people out, Google and duolingo setting up headquarters in East Liberty really doesn't help. I remember skateboarding through there a lot back in the day and it's so different now even the crowd is all west coast hyper PC lib types (Not being political just the signs and flags they hang up everwhere are hard to miss).

>>16988380
>Be me in Texas 2019. 245k for a 4bedroom, 3 bathroom house. Built in 2016.
Anon, I did fucking buy that house. Currently only pay 2k a month and shit is nice as fuck. Why AREN'T millennials buying houses? Shit is literally cheaper than rent.

>>16991826
Go fuck yourself.

>>16991884
What's wrong Anon? When I pay this off in 10years I'll rent it out for you, so your rent will pay the mortgage on my next house :)

>>16991903
I'll check your privilege.
I'll identify as a woman and fuck up your property for oppressive capitalist practices and discrimination. You'll have your assets seized and I'll be hailed as an american hero for human rights and social activism.

>>16990149
>9K -> 350K = 4x

You're an idiot.

>>16991826
>Be me in Texas
That's how you were able to afford it.
I have no idea why you would want to live in that spic/nigger infested hellhole that's hotter than Satan's asshole.

>>16991931
Good luck doing that in Texas lmfao. Fuck out of here with that shit. My parents and grandparents have been owning and renting properties out for years. If we want tenants gone they're gone and nothing they will do about it.

>>16991951
>third world state
Fuck off getting conquered by mexicans is hardly anything to be proud of.

>>16988380
They cant even afford things to put in an entire house, why would they take out a 30 year death sentence loan just to be underwater in 5-10 years because of the manufactured refugee crisis shipped 10,000 somalis into their neighborhood?

>>16991968
Lmfao Mexicans keep to their own areas and know not to come around

when im rich

>>16988398
Median annual wage was 3800 in 1956. Median wage today is 30k. So it would be like buying a 80k house

>>16991999
Yet they flood several states in general and only keep spreading?
Yeah the original colonists from Europe really kept to their own areas as well.

>>16991999
Lmao you're safe behind your gated community bit anytime you take a step out of it there will be a spic or a nigger or an arab waiting to hurt you. What's the point of living in a nice house if you're surrounded by third worlders? And in such a bright/hot as balls state.
>https://www.kxan.com/news/crime/police-probe-possible-link-between-attempted-kidnapping-in-austin-and-san-antonio-incident/
That's in the rich side of San Antonio, and it's only getting more dangerous here.

>>16988380
They don't have any money?

>>16988618
>I wish women didn't work
Then how would all the single moms support themselves and their brats?

>>16992124
By being more responsible women and getting married rather than spit roasted every weekend and hollering about how she don't need no man.

>>16990759
this is part of the platform I will use to win the 2028 presidential election, if America still exists.

>>16988380
well if you look at it from the other side if that boomer had invested those 10k bux into the safest investment possible s&p 500 and simply hodl'ed for the same duration he would have twice that asking price for the house
lets for the sake of argument level out home fees and repairs
so it was a somewhat bad investment from their point of view

all of this does state how insane fed intervention is tho

>>16992026

Average wage is well over $100k now. $30k is literally below the poverty line.

>>16992355
Mean is a poor measure of income. Median is much better

>Live is near crack den level rent
>Put all excess money into stocks/shiny metal/fake internet coins

vs.

Getting fucked jumping mortgage to mortgage every few years as the government systematically ruins every neighborhood with section 8 projects and diversity.

>>16988474
it's already happening in some California neighborhoods. wait a few years.

>>16992398
>fake internet coins
>coins that can be converted to USD at any point
Retard

>>16992355
>Average wage is well over $100k now
I guess the other anons in this thread failed to break it through your low-functioning autistic cranium that your made-up method of determining the average wage of the US worker is WRONG. Can you please cite actual official figures you mongolian idiot? Here:
https://www.bls.gov/news.release/pdf/wkyeng.pdf

>>16992057
Yeah San Antonio is literally spic city fuck that place.

There are no fucking Arabs where I live Anon. And the niggers stay across the railroad tracks where they belong. The moment any of them come around it'll be a bullet to the head and no one will know they're gone.

>>16992453
Dude don't worry you will totally pull out before the bubble pops. Lots of people use buttcoins for things other than investing... like... investing!

>DUDE JUST MOVE TO THE MIDWEST BRO

>>16992611

lol you can find much cheaper houses in the midwest. Don't cherrypick

>>16992698

yea in towns where the only places of employment are the local factory and Dollar General

>>16988380
For the same reason as last year

>>16992715
columbus ohio is extremely affordable and has plenty of well paying jobs youre just a brainlet

>>16988614
Yeah but the reason the demand is going up isn't just the population, it's also an ever increasing reckless debt lending policy by banks which is in turn enabled by shitty debt assets getting bundled up and sold to the Fed.

>>16992729
>columbus ohio has plenty of well paying jobs

top kek

>>16992380
This. One hundred engineers and managers with their 1000 mexican laborers probably doesn't accurately measure somewhere's wages.

Price of housing is inflated because Jerome Powell has kept interest rates at unprecedented low levels, allowing everyone to take out mortgages and buy up houses with insane demand.
Meanwhile the value the FOMC uses to measure inflation (CPI) doesn't include the price of houses. So this faggot in the fed reserve is scratching his head why inflation (CPI) doesn't go up when interest rates are rock bottom, but houses are insanely overvalued because mortgages are so cheap.

>>16992745
I can easily list plenty of employers, but what's the point? You probably think that salaries have to be $100k to be "well paying"

I mean it's all good bro keep coping

>>16988380
Because CoronaChan will smash that asset class the hardest.

>>16992784

There's no point because they don't exist.

Stay delusional

>>16988380
Only slave masters can afford that.

>>16992824
>Honda of America and it's supplier base
>Ohio State University
>Nationwide
>Cardinal Health
>AEP
>JP Morgan
>Any state bureaucrat job in the capitol
>Logistics
>etc

cope retard

>>16992862
getting a decent paying government job in the middle of nowhere has always been my dream

>>16992784
>salaries have to be $100k to be "well paying"
...yes?

>>16992955
post pay stub

>>16992970
>pay stub
Not turning on my work laptop just to win an internet argument. Here's the summary page from my 2018/2019 federal taxes though.

>>16988618
>implying I want the wife fucking about at home

>>16993024
How much does your house cost?

>>16992862
>The average Honda salary ranges from approximately $27,365 per year for Line Assembler to $42,348 per year for Welder.
>Academia salaries are shit
>Nationwide Insurance employees earn $46,000 annually on average, or $22 per hour, which is 31% lower than the national salary average of $63,000 per year.
>Cardinal Health, Inc. pays its employees an average of $17.52 an hour.

like I said, delusional

>>16992531

That is only single people and includes migrant workers, literal retards, disabled people, teenagers, etc. Lets talk about actual people who would want to own a house. Working able bodied adults, by the math the average income was $129,000. Again, the median is lower, its skewed by the rich. My point was to show the house is priced about the same compared to the average income.

>>16988380
Probably because of how reasonably priced they are. Just my guess.

>>16993139
Your numbers aren't even right. It's like saying the average walmart employee is making minimum wage.

Honda associates start off on the assembly line at 40k with no overtime. They top out at 60k before overtime.

You're bitching about affordability but I hate to break it to you, it's not hard to make 50k+ here and buy a house that is 150k. Of course salaries aren't going to be $100k+ here. You don't NEED that to have a decent life.

You can raise a family on $50k alone and still have vacations etc. When you're bitching about not being able to afford a house, I'm guessing you're not looking to have a lambo in the driveway with a boat

>>16993226
>make $50k in some shithole so you can buy a $150k house
vs
>make $200k in a nice area and buy a $600k house

>>16993104
I think we might be misinterpreting each other. I don't think <$100k is bad compensation, and in a LCOL city $50-80k can be fantastic. I don't live in CA, WA, or NY, but I do live in a MCOL/low-end HCOL part of the US so I earn above average, but I'm not some rich outlier.
It also helps that I've been wage slaving for almost a decade. New hires come in around $88k or $125k depending on if they have a MS or a PhD. So, for me, my opinion is that >$100k is what I think of when I think of a high earner.
For the record, I bought my house at $352,500 two years ago. 3bd, 2.5bath. It's somewhere in the nice (read, rich but overrun with mormons) part of Gilbert, Arizona. Try Joe's Farm grill if you decide to come visit. Really nice restaurant on Ray Rd.

>>16990759
What about all the niggers and neets claiming welfare?

>>16993254

Lol no, even if you saved $50-80k a year it may still take you a decade to even get 1 mil. That would literally be poverty line in many areas. This is 2019, its like you guys are still used to wages back in the 90s.

>>16993243
No idea where 200k salaries are common and houses are only 600k. Either way, the original point was about how the Midwest is unaffordable to anon

>>16993254
I just have an A.S. so of course I’m not going to compare myself to people with masters and PhD, my original point was to anon saying hurr you can’t afford to live anywhere

>>16993311
Yes, agreed. We're pretty off topic. At this point I'm just having a dick swinging contest with:
>>16993292
If you're going to say shit like that, post your own returns.

>>16988676
>muh Jordons
>Robin lil thangs mang

>>16988380
I'd say two main things:
>lack of care and focus on building up affordable dense housing in urban areas has put a fuckload of pressure on suburban housing for urban commuters, shooting housing prices up vastly in countries like Canada, US, Australia

>the complete neglect on implementing smart capital gains taxes (because everyone's afraid that they'll be the one blamed for "popping the bubble" and also because you make a lot of rich friends by keeping the capital gains tax down) has led to skyrocketing real estate speculation and yuppies flipping homes to such a degree that they've inflated their own markets to unprecedented, unsustainable levels

>>16988682
Security guards should have never been able to own a home, people with such jobs got houses in the past because of the housing bubble. You must get a higher paying job, with 25k you can't seriously believe to save money by only cutting expenses, don't fall for the frugal meme.

>>16988551
>>16988675
>>16990100
And especially
>>16988876
Ur retarded m8 and think you're smarter than you really are. Go back to plebbit

>>16990759
Never going to happen. You need a constantly larger population for the pensions scheme to work out as well as all the welfareand state healthcare.

Those benefiting or relying on the gibs will always be in favour of them as well a obviously the immigrants.

>>16993194
Dude you are all over the place.
>Average wage is well over $100k now
>My point was to show the house is priced about the same compared to the average income.
1) Wages != Income. Wages are a very small portion of the richest people's income. Their income is mostly interest, dividends, and capital gains. These are not wage cucks, and they can't skew the average wage like you think they are in your measurements.
2) Income and wages are correlated up to about $200,000; any income beyond that will come from sources other than wages. If you're making over $100,000 in income (still correlated at this point with wages), you are in the 85th percentile of all tax payers (not including NEETs), literally top 15 percent. We're talking American Brahmin here. Most working adults will never achieve that income level, even white collar jobs - you know, people who have TRADITIONALLY BOUGHT HOMES.
3) You're dumping half of "working able bodied adults" out of your metrics. I don't know what that's supposed to achieve or what kind of statistic you're trying to derive from this cherry picked data, but the end result doesn't appear to be useful in any context. And in any case, you should probably refrain from making sweeping statements like "Average wage is well over $100k now" given the extremely narrow context in which you're apparently deriving your stats. That's why everyone here is calling you a dumbass.

>>16993194
Dude you are all over the place.
>Average wage is well over $100k now
>My point was to show the house is priced about the same compared to the average income.
1) Wages != Income. Wages are a very small portion of the richest people's income. Their income is mostly interest, dividends, and capital gains. These are not wage cucks, and they can't skew the average wage like you think they are in your measurements.
2) Income and wages are correlated up to about $200,000; any income beyond that will come from sources other than wages. If you're making over $100,000 in income (still correlated at this point with wages), you are in the 85th percentile of all tax payers (not including NEETs), literally top 15 percent. We're talking American Brahmin here. Most working adults will never achieve that income level, even white collar jobs - you know, people who have TRADITIONALLY BOUGHT HOMES.
3) You're dumping half of "working able bodied adults" out of your metrics. I don't know what that's supposed to achieve or what kind of statistic you're trying to derive from this cherry picked data, but the end result doesn't appear to be useful in any context. And in any case, you should probably refrain from making sweeping statements like "Average wage is well over $100k now" given the extremely narrow context in which you're apparently deriving your stats. That's why everyone here is calling you a dumbass..

>>16993194
Dude you are all over the place.
>Average wage is well over $100k now
>My point was to show the house is priced about the same compared to the average income.
1) Wages != Income. Wages are a very small portion of the richest people's income. Their income is mostly interest, dividends, and capital gains. These are not wage cucks, and they can't skew the average wage like you think they are in your measurements.
2) Income and wages are correlated up to about $200,000; any income beyond that will come from sources other than wages. If you're making over $100,000 in income (still correlated at this point with wages), you are in the 85th percentile of all tax payers (not including NEETs), literally top 15 percent. We're talking American Brahmin here. Most working adults will never achieve that income level, even white collar jobs - you know, people who have TRADITIONALLY BOUGHT HOMES.
3) You're dumping half of "working able bodied adults" out of your metrics. I don't know what that's supposed to achieve or what kind of statistic you're trying to derive from this cherry picked data, but the end result doesn't appear to be useful in any context. And in any case, you should probably refrain from making sweeping statements like "Average wage is well over $100k now" given the extremely narrow context in which you're apparently deriving your stats. That's why everyone here is calling you a dumbass.

>>16992355
Based retard

>>16989282
I'm curious as to whose buying the homes. Is it actual first time buyers or just other cancerous jew "flippers"

>>16988380
My best friend is set to inherit and run his father's company leasing manufacturing centers in chinkland. It's worth a ton and their family is filthy rich.

If I have a few inherited millions, can I invest them in his business and cuck him by having him pay me?

>>16994975
>YFW you are above 95%, but dad and sister are above 99% so still failure of family

FML

>>16988380
Charlottesville Virginia is one of the loveliest places to live in America though isn't it?

its a mystery

>>16988676
>180k for a shack made of cardboard. yeah real good value there anon

>>16990150
as far as entry level stuff goes it's probably the best job there is actually. zero stress and you can do other things on the job. that salary seems a little low though.

>>16991826
Wow you're a retard. I hope when that bubble pops you at least manage to keep your payments up.

Texas is in for a rude awakening. They tempted all these lower-middle class workers by giving their corporate owners zero tax policies, now your infrastructure's gonna collapse and the housing markets gonna go with it. So glad I escaped that garbage-infested dumpster fire of a state. It's like California for confederate LARPers

I'm a millennial and have not bought a house yet

>Renting apartment for $1.4K, landlord hikes rent to 2200/mo and I decide fuck this and move in with parents instead
>Better for landlord to have an 8 unit building with 4 tenants @ 2.2k than fully occupied with less per unit - less headaches and same income
>I get to save money at my parents but all of the properties in my budget are wildly priced, sold for like 180-220 in last 2 years and are now listed at 350k+
>They aren't even that nice, definitely not as nice as my parents house where I live rent free

Why would I drain my savings for a down payment on a property that is not nearly as nice as where I currently live and will cost me 2k+ per month to keep?

>>16997405
Also - this is not even a major city. The housing market is completely fucked due to the financialization of real estate and Cantillion insiders scooping up any and all property they can.

>>16997405

So you're basically leeching of your parents while you're capable of living on your own? Thats topkek pathetic tier.

>>16997501
This is a pro strat for Millenials or anybody coming up in this housing market, really.

>>16988409
If you account for purchasing power it's even less. In 1956 you could afford a 5 head family on a single uneducated worker salary, now you can barely maintain two people on a worker salary.

>>16997501

>>16988682
Can you stay seated for hours at your job?
I've been thinking of looking for a job like that and work while simultaneously doing IT freelancing stuff.

>Family bought up 6 houses during 2008 crash

>They are all up 3X in value since, literally free money

Feels comfy frens, I have never paid a single cent in rent.

>>16994975
>>16992026
So what actually is the median income?
and this accounts for only people who are working?

>>16990748
this, they cant stop now because we are in too deep. If they stop, the whole shebang collapses, worldwide.

>>16997501

>pathetic to make smart financial decisions

yeah I'm sure paying someone else's mortgage while you cockblock your own savings/chance at owning property is a great decision. You're a fucking cuck

>>16988682
Move to South Africa. You can live like a king with US earnings

>>16998388
Wish i knew that feel. My family lost their house in 08 due to taking reverse mortgage to buy new cars/vacations

>>16993024
>he pays taxes
enjoy working for (((them)))

>>16988380
ITT: Plebs trashing each other when we're all just fucking slaves and many of us will literally never have anything other than a shitty dehumanizing existence and a meaningless death.

I really fucking hate all of you backstabbing hyenas. You're pieces of shit.

To the anons who actually want a better life, I'm pulling for you, I hope your efforts pay off and you get a nice, comfortable home in a decent location and you get to live a life you enjoy.

To the backstabbing assholes, I hope you get raped by a pack of niggers and have your home burn to the ground.

>>16993024
How the fuck are your taxes so low