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/biz/ - Business & Finance


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17992472 No.17992472 [Reply] [Original]

This property in my area in germany costs 300k€ (3000 squaremeters). When will this fucking bubble burst? How can this be possible? Fuck boomers

>> No.17992752

>>17992472
you mean the empty land? if its got a building permit (or however you call that in english) its not that much. i live in eastern europe and i'd imagine you would get this maybe for 150k € assuming permit

>> No.17992790

>>17992472
>germany
serves you right for being a fucking nazi

>> No.17992841

>>17992752
300,000 leva for this shitty land? where are you from loser selyanin

>> No.17992910
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17992910

>>17992790

>> No.17993061

>>17992752
Yes empty with building permission

>> No.17993077

>>17992472
Germany has boomers?

>> No.17994062

>>17992472
Properties have low supply like bitcoin, fiat has infinite supply.

As fiat supply increases the value of things with low supply like bitcoin or properties goes up.

>> No.17994641

>>17992472
this is like 70k in middle of usa

was like 25k 10 years ago

>> No.17994659

>>17992472

It’s called location, dumbass. Feel free to buy land in Uganda if you want it cheap.

>> No.17994689

>>17994641

And it’s surrounded by rednecks, tweakers, Hispanics and niggers. Some deal.

>> No.17995199
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17995199

>>17992472
I dunno but it will probably get better if you let in several million more sand niggers and encourage dick sucking and socialism.

>> No.17996008

>>17992752
150k€??? Nie bądź pretensjonalny..it is only 90k€

>> No.17996039

3000 m2 is huge. That's at least 300k euros here in Brazil as well, at least here in Sao Paulo.

>> No.17996565
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17996565

>buying property anywhere outside US
Lmao its a scam, particularly Europe, but even the developing word. Places like Brazil as anon above said or Asia are absolute scams. Do not buy land in developing world unless it’s pennies per meter. The state or other oligarchs will only be further enriched since they own most land.

See pic related, canadian slaves on the crown plantation

>> No.17997321

>>17992472
Lmao you dumb faggot it’s about expected functional utility, I’m assuming that plot of land is in an above average market with solid demographics right? If I can buy that “overpriced” piece of land, develop a $1m multi tenant building on it, then capture a 9% cap on the backend I’m making ~$90k/year in passive income as a landlord. Poor dumb people look at that real estate and see an empty field of grass and bitch about how expensive it is. I look at that real estate and I see a class A multitenant mixed use condo/retail property that can net me a 9% cap rate each year, likely 11%+ if I can navigate my tax laws and capital expenditures properly. Oh yeah, and then I can defer my capital gains when I sell via a 1031 exchange. All of this is irrelevant to you because you’re a Europoor and not many sane real estate investors choose European markets but if you apply my post to American markets you get the point.

>> No.17997359

>>17997321
Your nose. Tell me how much it protrudes from your face.

>> No.17997389

>>17997359
Your bank account, tell me, how empty is it? Fuck the correlation between being poor and retarded is astounding

>> No.17997399

>>17997389
Hit a soft spot eh? Keep crying for my bank account kike boi!

>> No.17997419

>>17997399
It’s just comical how some people were destined to stay poor. I make an actual Biz/finance related post and your counter is the same copy and pasta nose joke we’ve seen since 2017. The absolute state

>> No.17997460

>>17992472
You're a retard. Boomers? It's called a free market. Things are worth as much as people are willing to pay for it.

>> No.17997474

>>17997321
Based

>> No.17997480

>>17997399
>implying there are properly functioning banks in whatever third world shithole you live in

>> No.17997489

>>17997419
real estate developer larps are the most cringe shit on this board

>> No.17997514

>>17992472

when you see it

https://www.bcassessment.ca//Property/Info/QTAwMDAwMENDMw==

>> No.17997520

>>17997489
What’s more cringe, the RE developer larps or the seething renter posts who despise their landlords?

>> No.17997525

>>17992472
Low demand/high supply = low prices.

>> No.17997531

>>17996565
This anon gets it. Real estate investing outside of the US is futile. Fuck I can’t image living in Europe

>> No.17997566

>>17997520
again, it's people like you larping like you're trump on an anime forum

at least with crypto it's kind of fun because every now and then someone can sack up and post a 7 or 8 figure port and dab on faggots. i'd be willing to be a few of those guys have the cash for RE, but most of you guys took a tai lopez course or some shit and will get absolutely fucking just'd in the coming months if you actually did have any skin in the game

>> No.17997582

>>17996565
Ontario is the worst possible example you could pick to complain about Crown land. The entire SW area where 95% of the population lives is privately owned, and if you go way up north there's so much extra land they're basically giving it away. It's some of the cheapest in Canada.
Yeah, there's a LOT of Crown land by volume, but it's mostly frozen uninhabitable forest that no one has any use for except logging companies.

If you want to really see problems caused by insufficient private land ownership go look the BC coast.

>> No.17997592

>>17997566
I’m 100% in crypto lol, just because I educated myself doesn’t mean I took some “tai Lopez or trump” video class. I’m guessing I hit a soft spot somewhere? Maybe you’re European? Poor? A renter?

>> No.17997616

>>17997592
i bet you're this obnoxious in real life too lmfao

>> No.17997629
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17997629

>>17995199
>It's socialism that's the issue!

>> No.17997676

>>17997616
Definitely a combo of the above. Fuck anon, some of us got the short end of the stick in life. Lucky for you all you have to do is buy LINK to solve it.

>> No.17997682

>>17997321
1m€ for a multi tenant building is probably not possible in Western Europe, probably a duplex

>> No.17997698

>>17992472
>81 million people in an area smaller than Califronia which has less than 40 million people
what the fuck do you expect? if you want land, do like the rest of the boomer millionaire Germans and buy shit in Romania or something.

>> No.17997705
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17997705

>>17997698
forgot pic

>> No.17997710

>>17997629
he never even talked about economic policies

>> No.17997732

>>17992472
Wait a couple months and you'll own it for 30k

>> No.17997752

>>17997682
That’s why I said ignore because he’s European. No legitimate real estate investor operates in those markets

>> No.17997807
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17997807

>>17997698
>yes goyim, leave your country to us

>> No.17997898

>>17997520
It's a close contest but one that is definitively won by the RE larpers.

>> No.17997911

>>17997592
>he actually admits it was a larp
haha oh wow

>> No.17998090
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17998090

>>17992910
>Everyone who is against GERMAN nazis = commie or jew (there is no big difference, I know)

Peak wehraboo.

>> No.17998137
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17998137

>>17997531
>>17997520
>>17997419
>>17997389
>>17997321
>>17997592
>admitting to a LARP
Well who is the low IQ retard now, retard? Yikesikus maximus

>> No.17998167
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17998167

>>17997698
most of europe is overpopulated, in the sense that there is no more unclaimed forests. some small forests exist here and there (central europe moreso than western) but overall it is all already taken, mostly for farming. as the cities become populated with more non-natives, "degenerates," etc there is a push for natives to leave the cities. it's now becoming more fashionable to have a house in the suburbs, only coming into the city to work or socialize. the bubble will continue to grow, nigger.

>> No.17999109

>>17997582
>its ok if the crown profits from the land they gave to themselves
They have to give you some land and the imaginary “property title” so you can keep the plantation running and be invested in the matrix. In reality you don’t own shit.