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/biz/ - Business & Finance

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21650846 No.21650846 [Reply] [Original]

>try to save money for downpayment for house
>housing prices increase 8-10% upwards every year
>in a recession yet prices keep rising

The Fed and the boomers are never going to let housing prices crash?

>> No.21650969

>>21650846
It will literally never crash. The government insures every mortgage in the country

>> No.21650987

Will the fed EVER be hanged ameribros?

>> No.21651000

Just wait until you finally buy it and then learn property tax costs as much as rent would. Kek. Americunts rekt

>> No.21651061

>>21651000
>4k a year
oh wow i'll definitely not buy property now

>> No.21651130

>>21650846
Get a remote job & move to Missouri or travel.

>> No.21651143
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21651143

>>21651061
In NJ property taxes are 4K a quarter

>> No.21651268

>>21650846
You only need to save 5% down so your it's only an extra 5% of whatever the price increases by that you need to come up with.
Prices will only go down in a civil war or some crazy shit like that. The powers that be will continue to let in an unlimited supply of wealthy foreigners to keep housing prices high.

>> No.21651323

>>21651130
>Missouri
Sounds depressing

>> No.21651390

>>21651143
>living in NJ
>on purpose
why would anyone do this?

>> No.21651586
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21651586

>>21650846
We need to send these fucks a message, in Minecraft.