/biz/ - Business & Finance

propped up forever

looks like a nice house until you realize it's 3 ft away from the next one

i should move out of the city for a house like that

but with interest rate at 0% it's probably going to keep staying propped up for some more wealth transfer to the boomers

hyperinflated to infinity . Anyone without a house will become murderous wasteland wanderers as their $20/h minimum wage can't pay for $8000/ month rent

>>24759880
yea what the fuck is up with that shit, every neighborhood is like that for the most part

>>24759849
propped up forever.
you can thank boomers and greedy tax collecting fuckers for this.

>>24759972
Maximize profits for the developer. Houses built in the 70s and 80s have nice beautiful lots with great big backyards, mature trees, room for a firepit and trampoline and shit.

Now you get a fucking postage stamp for a backyard, you dog can't run around, no fire pit, no trees your neighbors will jerk off to your wife when ever she is in the back.

all so the developer can fit a few extra houses on the block.

>>24759849
Propped up for now thanks to immigration. Will crash when blacks and Indians learn what a condom is.

Birthrates have plummeted since the boomer years. You'll have tons of boomers passing away and few millennials being able to afford their inflated house prices. Also millennials aren't having kids or even getting married, and can't justify a big house. On top of that no one is going to work in an office anymore, so people will spread out. Millennials are happy to live in a van with StarLink or will rent and move around every couple years. Buying a house makes no sense today.

>>24760120
Stupid cunt they are taking in 20 people families and having them all work min wage to afford a nice boomer house to stop the bubble from imploding

>>24759849
Nothing lasts forever.

>>24759849
Most westernfags always feel like this housing bubble will pop any day now.
Well living in a third world where annual salary is around $300/month and a liveable 100 sq.ft house in liveable city costs around $600k you fags are in rude awakening.
The rich keep getting richer and buy up everything and they will keep buying it. While the poor stay poor and house is ever escaping their grasps. That’s what lies in your future

>>24760390
Some typos there the salary number is monthly and its 1000 sq. Ft instead of 100.

>>24760390
>That’s what lies in your future
And then extermination by the elite's army of insectoid robot swarms and super-aids released into the upper atmosphere.

Can’t decide if I want to rent and invest my down payment or buy. I just hate buying the top ya know?

>>24759849
There is no housing bubble , there is a fiat currency bubble.

>>24760433
Why? Why would they remove the working class?
Make no mistake, the elite’s agenda has always been a two tier society. There is no place for the “middle class”
Look around you, do you think your fantasy scenario is in motion or what I just said.

>>24760527
Once everything is automated won’t even need a working class. Can’t wait for this dystopia

>rent an apartment
>always have the option to move somewhere new at the end of the year
>can go somewhere new, no strings attached
>not building equity, just giving money to some guy, your money is just gone
vs
>buy a house
>get a big place you can renovate if you want
>probably have a yard
>building some equity
>also giving thousands and thousands to the bankers, as well as to the government through taxes
>can't leave

Is one really better than the other?

>>24760564
If AI reaches to a point where everything is automated, then there won’t be the need for any human to exist. Until then they would always need a working class bound by debt.

>>24760648
You know you can buy apartments and rent houses right?

>>24760648
I hate moving desu. So I guess I’ll be house pilled

>>24759849
>5x leverage for everyone
>interest rates tied to rock bottom prime rate
>historically safe asset that appreciates on average 3.8% per year

yeah. my guess is that 40 year mortgages will become the norm, similar to how the unrelenting inflation of new car prices has created ridiculous 84-96 month auto loans.

>>24760735
I consider anything you rent an apartment and anything you buy a house. I don't care if your "house" is just a condo in a larger building, or if your apartment is a 3BR house on 2 acres.

>>24759972
homes used to be built by people on small plots of land they bought. now houses are built by jewish developers on large plots of land they buy (through local government bribes) and sub-divide into dozens of smaller plots, and then copy paste the same house dozens of times to maximize construction efficiency and realize economies of scale on purchasing identical materials for identical houses... all at an incredible premium to the buyer. in total you end up with a $450k piece of shit on a 0.2 acre lot that will disintegrate 5-10 years into mortgage payments due to hasty, margin-maximizing construction techniques (poor quality materials in general.)

>>24760945
You are illiterate then.

>>24760999
That's just how people talk, anon. Calm down

Low interest rates yet the countries taken on massive debt so rates are unlikely to change, yields are terrible in bonds and anywhere really .. except in real estate so chang and blackrock will push the whole middle class into perma-renters

>>24760235
And we both know hearts can change

>>24761240
GnR poster, I love you.

>>24760985
Man, society is just plain depressing. Wished the good guys won ww2 then we wouldn’t have any of this crap

>>24760999
Dont be a faggot, you can at least see his point.

>>24761315
here's a local real estate developer that kikes you to death. have a look, it's a good laugh. https://www.tollbrothers.com/luxury-homes/Yardley-PA

>>24760985
just buy land and build your own home. maybe start off with a small eco home and build it over time

>>24761521
unless you can build it yourself and you have the knowledge/training/certifications to meet code and pass inspection, there's no way it will be cheaper.

>>24759849

Inflated, price will likely go up but not necessarily the value.

>>24760390
Agree. Capital accumulation will continue in profit generating assets. Why would anyone ever sell an asset if cash is worth shit and depreciates 10% every year? Its literally feudalism. Ill get myself a nice van and drive south.

What country are we talking about?

>>24761942
Albania.

>>24759849
Upcoming civil wars are gonna make for a great land redistribution all at the price of a few pieces of high velocity metal and a few firearms. Get in now or get schwabbed.

>>24761973
just walk some artillery over whatever neighborhoods you want to buy up at discount

Housing isn't even a bubble we're in a bull market that will last for another year. 90% of /biz/ have never bought a house and have no clue about the market.

> what is supply and demand

>>24762176
prices are inflated even in my bumblefuck hometown in northeastern pennsylvania, which has experienced population decline and job market decline (fewer jobs, wages that haven't kept pace with inflation) over the past few decades. "supply and demand" is a niggerbrain take, it's asset inflation pure and simple.

>>24759849
It won't pop until we start dropping bodies en masse

>>24759849
PRICES ARE INFLATED AND WILL BE FOREVER, HOUSING IN POLAND IS THE WORST THERE IS.

REAL ESTATE IN DUBAI IS CHEAPER THAN IN WARSAW, HAHAHAHAH.

I WILL BE A SLAVE TO CORPORATIONS FOR 30+ YEARS, WHILE MY FRIENDS HAD PARENTS COMMIES WHO GOT TONS OF REAL ESTATE FOR FREEEEEEEEE

LIFE IS NOT FAIR FUCK THIS ASDF HAPOSIDFHJIIIIIIIIIJIJIJIJIJIJIJIJIJIJIJIJIJIJIJIJIJIJIJ

>>24762176
Supply and Demand and artificial supply reduction via immense bureaucratic red tape required to start a housing project.

>>24759849
I hope it doesn’t pop. I have a house in a highly desirable area that has the potential to go up approx $22k in value over the next year

>>24762320
>he didn't get free houses from the commie gov
t. also yurocommie

>>24762370
DUDE IMAGE, THEY LITERALLY BOUGHT A HOUSE FOR A FEW DOLLARS, AND 1SQ METER OF LAND IN WARSAW WAS 1$.

THEY BECAME MILLIONAIRES AND I HAVE TO RENT FROM THEM OR SLAVE 40 YEARS OF MY LIFE TO GET WHAT THEY HAD FOR FREE XDDDDDDDDDDDDDDDDDDDDDDDDDDD

THIS LIFE IS A CRUEL JOKE, I WILL LITERALLY LIVE IN A TENT.

>>24762428
My uncle got 3 houses for free and is now selling 2 of them after he bought 2 more.

YOU MURICANS GOT ONE OF THE MOST CHEAPEST REAL ESTATE COMPARED TO SALARY IN THE WORLD.

PEOPLE WOULD DIE TO BECOME A WAGE SLAVE THERE.

FK YOU AND YOUR PROBLEMS, BOOMERS STOLE OUR FUTURE.

>>24762469
THATS GREAT, MY FRIEND HAS A MORTGAGE UNTIL HES DEAD.

WAKES UP AT NIGHT, STRESSES IF HE WILL KEEP THE JOB.

WIFE MAY DIVORCE HIM AND TAKE IS HOME

THIS IS REAL LIFE.

Take the Rape Van pill and live where ever the fuck you want.
>100% off grid
>meet new people
>always in nature
>travel around
>follow the weather
>under 100k

>>24761240
And it's hard to hold a candle

>>24762569
:^)
My grandfather also was the local party secretariat and my grandmother was a rich landowner.

>>24762604
IN POLAND?

>>24759972
It's all about $$$. Maximizing land value. Take a plot of land and pack as many houses into as a possible. That's why I took the rural pill years ago.

>>24762623
Nah.

>>24760436
>le boomers did this funny meme!
Zoomers are in the state they are because they have zero personal responsibility and blame everything on other people.

>>24760945
Grats on being retarded

>>24762652
Zoomers would fix everything if they just had sex. Demographics are everything.

>>24761377
Dont be an underage generalizing idiot.

>>24762696
having a white kid is expensive because whites have standards, like sending children to schools without niggers and saving for their college education.

having a brown kid is cheap because you get welfare, have no standards for education, and still get a free college education even if you're too dumb to attend.

>>24762713
Nah, they are just retards. 90% of burgers don't even know how federal grants work or have the common sense to go to community college first and then transfer.

>>24762645
ANYWAY, NICE TO YOU.

I WAS BORN IN A LOSER FAMILY, EVEN IF IM SENIOR PROGRAMMER AND WASTE 10 YEARS OF MY LIFE ON A CAREER TO SUCKK CORPORATE DICK I WILL NEVER GET TO THE STANDARDS OF LIVING OF THOSE WHO INHERITED ALL

I CAN EARN BETTER THAN 90% OF POLES AND STILL THE THOUGHT THAT I HAVE TO WASTE MY ENTIRE LIFE FOR SOMETHING THEY GOT FOR FREE IS BOILING ME ALIVE.

THEY CAN'T OPEN A PDF AND I HAVE TO BE AI SENIOR SPECIALIST TO LICK THEY FEET.

>>24762428
>>24762569
Calm down retard.

>>24762754
Just move to Switzerland or the USA, wage for half a decade and then buy a nice and comfy house in the Mediterranean.

>>24762579
In the cold November rain

>>24759880
Why does every photograph that promotes a house have its surroundings shopped out?

>>24762428
just make your own city LMAO

>>24762770

>>24763014
So you don't see the nigger neighbors.

>>24762754
check out the manlet that cant even look at or acknowledge the giant chad That’s a good level of cope right there

>>24763042
LMAO, EVEN WHEN COVID HIT AND BOOMERS DIE ON MASSE, THE HOUSE PRICES ARE STILL UP.

IF YOU HAVE AVERAGE INCOME IN POLAND YOU WILL HAVE TO TAKE MORTGAGE FOR 100+ YEARS TO PAY IT BACK, JUST FOR A SMALL 3 ROOM APARTAMENT IN WARSAW.

XDDDDDDDDDDDDDDDDD

>>24763198
Stop living in Poland.

>>24763181
THAT MANLET IS ME AND THE CHAD INHERITOR IS THE SON OF A COMMIE PARTY MEMBER WHO GOT EVERYTHING FOR FREE IN LIFE.

NO MATTER HOW MUCH TIME I DEDICATE TO MY JOB, NO MATTER HOW MUCH DICK I MUST SUCK OF MY BOSS, I WILL NEVER HAVE WHAT HE HAD FOR FREE.

I HAD 70+ OLD DUDE LAUGH AT ME THAT IM A SENIOR AI SPECIALIST AND I CAN'T BUT A SMALL HOME, WHEN HE WAS FACTORY WORKER FOR 2 YEARS IN USA IN 70s AND BOUGHT 10 LUXURY APARTAMENTS AND RETIRED.

HE DOESN'T EVEN KNOW HOW TO OPERATE A COMPUTER AND I HAVE TO STUDY 3HOURS AFTER WORK TO KEEP UP WITH THE DEADLINES....

>>24763248
WHERE DO I GO THEN? USA? YOUR COUNTRY IS A JOKE, EVERY PERSON THERE IS ON DRUGS WITH A GUN AND A BIG TRUCK AND CIVIL WAR AROUND THE CORNER

EAST UKRAINE? RUSSIA WILL INVADE AND ROLL OVER MY HOUSE WITH A TANK FOR SHIT AND GIGGLES.

WEST EUROPE? HOUSE PRICES EVEN MORE INSANE.

I HAVE DUG MY GRAVE IN THIS PLACE.

Reminder that 1 in 18 people in the United States are millionaires, while in Poland 1 out of every 330 people are millionaires.
You just gotta grab life by the horns. Go out there and get stuff done. There's a whole world out there just waiting for you to conquer it. The only person standing between you and success is yourself.

Perpetually low interest rates will cause cheap money to flood the real estate market. Endless immigration creates eternal demand for it. Major Western will probably not see a huge drop in housing prices for a long time, especially as real estate becomes an ever increasing part of the economy. I hate living in Toronto.

>>24759849
it will be propped of forever, as history obviously shows a crumbling country continues forever on fumes.

>>24763440
Yes, move to the USA.

>>24763524
>Reminder that 1 in 18 people in the United States are millionaires
you do realize that statistic is inflated by boomers with pensions, who bought a house for $17k back in 1973 and it's now worth $750k, right?

>>24763524
YOU COULDN'T BECOME MILLIONAIRE IN POLAND AS A HONEST WORKER DURING COMMUNISM. EVERYTHING WAS TAKEN FROM YOU.

THIS IS WHY 90% OF RICH HERE ARE INHERITORS FROM COMMIE TIMES, THEIR OFFSPRING STILL IN GOVERMENT LAUGHING AT US.

POLISH HISTORY IS DEPRESSING, WE HAVE BEEN INVADED SO MANY TIMES AND ENDURED JUST SO WE CAN BE A SLAVES TO OUR OPPESORS.

MILLIONS OF POLES WORK IN GERMAN "CAMPS" WHILE THEIR GRANDPARENTS DIED FIGHTING THEIR GRANDPARENTS, THEY BECAME SLAVES WITH NO DIGNITY.

>>24759849
For the bubble to pop you either need lower demography or more people in the market. Or urban exode.

>>24760945
Absolutely fucking based, don't let anyone tell you otherwise

>>24763649
THE BUBLE WON'T POP RETARD.

YOU WOULD NEED TOTAL WAR, THE GLOBAL PANDEMIC WITH 2 MILLION DEAD DID NOTHING.

YOU NEED FUCKING NUKES TO OWN A HOME DO YOU NOT GET IT ?

>>24763600
Yes I do realize that. What is your point? They're still millionaires.

>>24763810
>nooooooooooooooo but it only counts if they have stinky linkies

>>24760042
>you dog can't run around
I want a dog to run around with. He'll be my best friend :(

>>24759880
nice meme

>>24759849
thoughts on buying a tiny condo for like $120,000 just to own something

>>24764212
buy a tiny condo for 70k instead

>>24764280
I've looked at every small town I can think of in the pacific northwest and can't find anything south of 100,000

>>24764333
>america
That's your problem.

boomer here. Stop complaining and work harder and get a good job. Interest rates are literally below 3%. You kids have it easy.

>>24764333
>pacific northwest
it's suffering, man. Shit-ass rotting starter bungalows start at $250k and that's if you live in a small meth town. I love the climate and nature and water and etc here so much, but property fucking sucks a choad. Most people who live here don't even appreciate it, they bitch constantly about muh PNW winters and they're only here for military or tech jobs. Maybe Microsoft and Amazon can move their headquarters to Texas and all these faggots can finally leave the puget sound area to its own devices again.

The housing bubble by its very nature cannot pop now. You simply have way too many people trying to buy houses right now. Millions of people want to buy a home right now, but are completely priced out of the city and many miles around it. If the bubble "popped", it would be immediately re-inflated by hordes of people trying to buy up all those properties.

The federal fucking reserve owns almost 40% of homes on the market right now. The banks own a huge chunk and the rest are owned by investment groups and chink investor groups. Prices have zero reason to go down, even if a huge number of people default.

>>24764212
>>24764280

You live and die by the association - on the other hand they're ideally serving the role as property management.

>>24764429
I mean honestly with my salary I could own a small condo in portland by 24, but living in portland is kind of hellish.

>>24762318
>300k deaths isn't enough
Corona-chan pls have mercy

>>24764333
They aren't pacific northwest per se but ever consider idaho or nevada? You could easily find cheap property there, albeit relatively fewer job opportunites

>>24762754
what is she thinking?

>>24759849
There is no housing bubble, everyone's packing into the metros because that's where the jobs are. There's plenty of cheap housing out there, it's just in places where no one wants to live.

>>24764599
Yeah I liked boise idaho a lot when i went, i understand that's already getting too populated, where else should i check out? I could presumably get a WFH job in the next 3-5 yrs and move the fuck out of here.

>>24764632
If <250k population is too big for you just stick to the rural towns and pray your water doesn't get poisoned. Even burbs get to 20-50k pop. around any big boi city

>>24764612
This. Only buy a house after you FIRE.

Doesn't help that California and NYC refugees are inflating the markets even more wherever they go. They’re about price out everybody in Texas especially Austin.

>>24764632
College towns are probably a good choice if you want a rental property.

>>24763707
No one died from the epidemic you moron. That's why u will wageslave your whole life for a house. Coz u r a fucking retard

>>24759960
delete

>>24764360
wages are virtually the same as they were in the late 90s. House prices have at least quintupled.

>>24764612
This is false, the average cost of a house has gone up 50%+ in the past two decades, irrespective of metro area or desirability. Meanwhile most peoples' wages have stagnated or actually gone down in real terms.

>>24760390
The poor people still have houses, they have $6000 houses. And build them on land they don't own

Buy now or cry later.

>>24762570
>pay 1,500 a month in gas an liquids until van breaks or is worth 1/10 of what you paid for it

Up forever op. Mark my
Words. Mark then.

Propped up forever? So I better FOMO in now? Or right on the January dump? I was expecting a massive crash in 1 to 2 years.

>>24760390
Because of this

>>24760436

There is a fiat currency bubble.

>>24759849
once an economic collapse occurs that will be your chance to buy a home

>>24759849
it's going to be propped up forever, anon. I feel sorry for the nopropertyfags on this board as they will never make it.

>>24763810
I mean, yeah, if you care about the worth of the USD. It's a matter of perspective, yes on paper they are 100% millionaires. But the valuation is arguably against a completely worthless currency that has had most of its purchasing power completely wiped out.

Even when the general housing market "crashes" its only like a 20% drop in prices. Then it immediately rebounds. Dont put off buying a house when you could do it today

>>24759849
Wealth inequality will get much much worse. We will look like south africa soon. Real estate, Crypto, and PM are the only escape from hyperinflation and bank bail-in's

>>24765606
>Propped up forever? So I better FOMO in now? Or right on the January dump? I was expecting a massive crash in 1 to 2 years.

No crash. Get in now.

>>24759849
forever young forever propped better hedge with some cryptos sir. I see visions of bonded

>>24762176
I DEMAND you SUPPLY me with ice cream before I knock your teeth out.

>>24760042
Move to Virginia or Carolina

>>24767344
>I mean, yeah, if you care about the worth of the USD
everyone else does
why shouldn't I?

>>24760648
The rentpill is extremely underrated desu. My bet is on the housing market going up forever but the risk of a late 00's style crash makes it not worth taking the bet. Plus my wife and I don't like the idea of settling down anytime soon and being nimble enough to ditch a month to month lease gives so much peace of mind.

>>24759849
That color fades to easily

>>24767896
This is poor people cope. I didn’t think rentcuck delusion was this bad

I don't even care about the future prices of housing, I'm making sure to pass on my shitty duplex and whatever real estate/assets I accumulate in the future to my children. In the black community we usually don't have assets or pass anything on (because too many of use are retards that don't even think about generational wealth until it's too late)

>>24765315
When the van breaks you can still live in it.

>>24759849
Propped up forever by endless immigration and easy money. We will all be serfs in 30 years, most of us are serfs already. Real estate is why civilizations are cyclical, eventually the rich own literally everything and they get eaten by the masses during major happenings. The great reset is literally just preparing you for being a rent slave forever, passive income for some boomer who found a gold nugget 100 years ago.

>>24767877
Because you would be a fool to be completely oblivious to what’s happening to the currency keeping everything held together. Yeah, chances are this game will keep going for the short-medium term future, but there is no possible future where real estate numbers goes up forever without any negative consequences.

>>24765939
>once an economic collapse occurs that will be your chance to buy a home
How? They will just inflate the currency to distribute/deflect the targeted losses away from the assets on to the broad population.

>>24768332
this lol
>wow looks like your currency is looking a little too valuable there
>it'd be a shame if somebody increased circulation by 20%

>>24768432
They will never let these bubbles deflate nominally. The best OP could hope for is deflation in real terms. E.g. house prices only going up 10% while wages increase 15%. They will do this as long as possible until the central bankers are caught between a rock and a hard place and they need to both decrease and increase the money supply.

However, they are no retards. This is what central bankers created CBDCs (Central bank digital currencies aka fake crypto) for. With the help of this, they can conduct an extremely targeted monetary policy in a way that has never been possible before. So likely the game will go on longer than we would think. Your only way out is fungible crypto or boomer rocks.

>>24760042
I work in construction in northern CA. There was a project out here a few years ago, 80 lots and every single one of them had at most 5ft from the side of the house to the property line. $430k starting.

Fiat is dying. People are flowing to real estate etc.

>>24767896
>>24760648
Extremely high iq posts. Mortgage cucks seethe at how close to home this hits. Pun intended.

>>24759849
Buying up C and B level properties, rehabbing, and then renting them is the redpill.

A 2008 style crash would actually be better for landlords because in that case, the amount of renters would increase. Max your credit score to get the best interest rates, open up another credit card with 5k limit in case of emergency repairs, let your renter pay the mortgage off for you, in 25-35 years you have multiple assets worth hundreds of thousands of dollars that you can sell or continue to collect rent from (with an increased gain now that the mortgage is finished).

There is no free market for real estate, much like the public equity market.

Central banks print new money and use this money to buy government bonds, thus repressing their yields(roi) and diverting capital which would otherwise be seeking safety, to more risky investments, like stocks and real estate.

Its important to remember that with real estate, you dont to purchase real estate outright with the full sum of money. Almost all actors in the real estate market use leverage via debt to make purchases. This leverage is high, readily available, and easily affordable, thus making 'demand' for real estate higher.

In a free market, given the negative economic circumstances, banks would NOT be issuing large amounts of debt cheaply. But there is no free market and commercial banks are not accountable for their losses.

Real values of residential real estate may plummet, but nominal prices will never decrease meaningfully over a long term basis.

>>24760390
Yep.
Modern monetary theory has Inflated quality assets beyond the grasp of average workers and with ever decreasing speed of money wealth is more concentrated than ever.

1% of the population owns 99% of the stock market, check out house markets in wealthy cities, it's all concentrated as well the average income earners is priced out of anything that would enable them to accumulate wealth.
Soon we will be debt serfs to the feudal elite.

But muh trickle down economics.
What a wonderful time to be alive.

>>24760120
Boomers are trying to import foreigners as court Asian buyers to keep prices high.

Propped up forever. Foreigner millionaires buying purely as store of value. This is what happens when housing is an "investment" and your government sells you to the highest bidder in no holds bar capitalism. Enjoy renting from Pejyeung Wi Lou in China for 6k a month.

Housing is the future. Buy now or cry later. Housing to trillion dollars soon.

>>24769253
This.
>sign mortgage
>immediately rent out to wage slave family
>even if they only cover 80% of the monthly mortgage, congrats you are buying a house 80% off
Rent where you live, buy what you rent. Putting yourself in a mortgage is like signing up to be a slave. The point of a mortgage is to contract a slave. I keep telling people this. A mortgage value is in the slave, not the house. The rich basically just do this with every bit of spare money.

>>24759849
If people start to telecommute then home prices may fall.

>>24769883

Unlikely.

>>24769253
This is why interest and usury are degenerate.

Those landlord haters have a point, but its not landlording itself that is immoral, but the way in which the landlords rode the leverage beast to gain the permanent upper hand.

IF people had to organically buy the properties,t here would be no immorality involved although there would be far fewer mega-landlord moguls in the world. The world would be more balanced.

If you are using cheap low interest leverage to get successful, and are proud of it, just remember you literally transgressed decency and sacred moral law to do so, a wretched exchange.

"Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, "Trade is [just] like interest." But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah. But whoever returns to [dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein."
Qur'an 2:275

>>24759849
did you start that company or that trust OP?

>>24767691
Same way in NC, can't wait to get out of this Jersey South shithole

At this point I'm thinking of giving up and just renting. Seems more appealing to pay $2100/month on a house instead of the $80k down paymment and ~$2600/month for mortgage, property tax, utilities

Honest question: do any of the posters in this thread have parents who own their home? If so, do you not consider your parents home to be your future one? When they die what will you do with their home? I feel like this is an often overlooked part of the equation.

Mine doesn't, and I often think knowing my mom owned her home would afford a great deal of peace of mind.

>>24763340
kek, you're alright Grzegorz

>>24770573
My parents used to own about 5 different homes/apartments, plus one they briefly inherited when my grandmother died. I think they sold all but two of them.

>do you not consider your parents home to be your future one?
I won't live there. It's too big for me and not in a great location.

>When they die what will you do with their home?
If they don't sell it first, I'll have to split it with my sister. I have no idea how that's going to work.

>>24759879
>propped up forever
why? If deflaton hits it gonna go down
if inflation hits and gold rules it all it gonna go down

>>24760648
>can't leave

uh, yeah you can. I have rentals outside my current home state.

>put 50% down on a house
>have the other 50% sitting at a moment's notice
>immediately sell when you feel like moving and STILL don't be a rentcuck

>>24762320
We really live in a society. Kill your friend to show the world (in minecraft)

>>24763181
You would have looked him straight in the eyes and sucked his dick like a real man instead?

>>24764430
based and real estate pilled

>>24759960
>hyperinflated to infinity
at some point this will end because is inflated compared to gold

>>24769626
least we aren't speaking german

it'll pop just as we start inheriting our houses after paying inheritance tax of course. millennials are eternally fucked

>>24759849
great reset will handle this crap

>>24763584
>it will be propped of forever
no

>>24767344
>if you care about the worth of the USD
what should I care of? In 1973 people cared bout usd... now they care about... usd.. so what did it change you incommensurable faggot?

>>24759849
Honestly, housing prices will further increase as long as central banks are printing money and demand is there. Buying a house and taking a credit is your only way of freezing the price for your real estate.
Since you are interested in crypto you shouldn't be worry that much since crypto is a new market and prices will radically explode in the next years, therefore outperforming real estate prices.

>>24768292
>but there is no possible future where real estate numbers goes up forever without any negative consequences
Even if usd collapses (IF) it will be in 20 years from now on... will you spend all this period with gold in your hands while everyone around you multiplies his bags?

>>24768956
I currently work in home construction in SW WA state. It's worse now. Gutters and Gable-ends barely fit in the property line up here. They still count that 1.5ft x 35ft strip of inaccessible property between the fence and the house towards "usable square footage" too. Fucking kikes.

>>24762428
At least you’re white. Now imagine this scenario if you’re a shitskin.
It never began for us.

>>24770573
fuck no, because i have siblings. the house will be sold and i will get some portion of the inheritance. but nothing close to enough to buy an equivalent house

>>24759849

>>24762176
the demand is all coming from cheap loans, people are just getting into deeper debts, its not like there are lots of 30yo making 200k out there

god i wonder for how long this experiment is still going to last

>>24768432
>>it'd be a shame if somebody increased circulation by 20%
so basically this QE printing is doomed to end?

>>24768564
>extremely targeted monetary policy in a way that has never been possible before
how?

>>24759849
1) are more or less US dollars existing in the world than last year
2) are there more or less people that want to live in nice areas than last year
3) are there more or less foreigners buying property and holding it to speculate on it (thus reducing supply)?

>>24767896
>housing market going up forever
ok but fucking WHY?
If currency paper money FIAT devaluates itself houses should go DOWN

>>24771921
No, if I want to make serious gains then I'll just put my money into stocks and crypto.

>>24760120
The kikes are flooding our nations with immigrants though.. giving them gibs and housing which causes pressure on the market.

>>24772675
>2006
Oh god

>>24773111
Just like stocks, housing prices only go up.

>>24763602
You should consider moving out from Poland if you have some marketable skills, norway and such. Dont go to Britbong like most polaks do, they have low quality of life there and inflated housing prices

>>24772843
why would they go down against a weakening dollar anon, you don goofed . The dollar is failing and people would rather hold equities, real estate which generates a comfy yield then cash especially when negative rates arrive

>>24759922
>>24763440
Holy kek, Poland bro you're alright. I know the struggle dude, fuckin A+ commentary right here. The absolute fucking state of our economy is absolute dogshit. Boomers around me are so fucking clueless as to how I could possibly still have college debt still despite my wage and how long I've been paying it off. Boomers have no fucking clue why I don't have a HIGHER wage or "work at Google" despite me telling them that my skills aren't that fucking good and competition is tough. Then on the same vain, they'll hire someone who doesn't even know basic Excel functionality for a technical data analyst role because he looks good and is charismatic. Dude sends emails every day with screenshots of Excel tables instead of copying and pasting them into the mail body. Nobody finds that weird because the senior managers are all boomers who would manually re-copy the data over into another sheet instead of copying and fucking pasting.

IT'S SO FRUSTRATING SEEING SOMEONE WHO MAKES 2X YOUR SALARY WORK, AND ALL
THEY DO IS:
>Open email Excel attachment
>Open chrome
>Click bookmark bar, it's filled with personal bookmarks
>Login to work database
>Search information on painfully slow work server that takes like 7 different nested menus to get what a single SQL query could fetch
>Manually enter data into Excel sheet
>Save and close
>Go to their desktop, which has 10274727172 random files and folders
>Desktop pic is of sooner daughter and her dog licking her face and a jar of peanut butter next to her
>Take 5 minutes saying "where did I save it?"
>Find file, open up outlook
>Business email is packed with Macy's spam, bank statements, insurance payments, PERSONAL emails
>Scroll up and down for 5 minutes
>Find original email and Reply All
>"All, FYI. Regards, Karen ------- I am an Ally. Office phone +(1)749-8000 ex. 472"
>Close outlook and fuck off and Facebook for 3 hours until the next email

>>24772798
Usa still have mortgages around 3-4% that's healthy level. Europe is not healthy level mortgages are close to 0%. That is one reason popping up prices, another is rich foreigners that cause true bubbles like London, Vancouver,
Toronto, Hong Kong. London it's arab royals and rich russians who want to escape their homeland, and in Asia it's chinese who go to singapore or canada safety from communist tyranny.

>are there more or less people that want to live in nice areas than last year
Europe and Japan are stalled population growth is around 0% next decades. Usa have slightly younger democraphics and higher population growth still

“Buying” a house relies on the banks being willing to loan people the money and since the planet is it the first phase of the worst economic depression in anyone’s lifetime, you can expect that the banks will tighten lending and houses will return to their appropriate value before the governments decide to force the banks to print the pain away. This will be a twice in a lifetime opportunity to buy land and housing before prices inflate to oblivion. And then become with nothing again as debt assets return to their natural price when they reset the debt.

>>24760648
>rentcuck
>rent payments in perpetuity, indexed to inflation

>homechad
>fixed mortgage over a 30 year term (or less)

yeah paying shekelberg proprerty group forever is a great idea.

>>24773713
Why don't you do his job then? Are you a masochist who likes to be underpaid?

>>24760106
Oh fugg. So to infinity and beyond then.

>>24764854
Yea, for all the craze the virus has...it wasn't boomer doomer. We were promised boomer doomer - everyone over the age of 60 with 99.99% chance of dying and so contagious that it can phase through walls and love 80 years on a surface. Then unhealthy slob ass Borris Johnson and obese old Trump got it and shook it off. What s fuckin joke.

DAILY FUCKING REMINDER THAT EVEN IF YOU GET A MORTGAGE FOR 30 YEARS OF SLAVERY YOU STILL

>WILL BE DIVORCED
>PAY ALIMONY OR GO TO PRISON
>LOSE YOUR JOB
>GET SICK (HOPEFULLY NOT DEADLY, BECAUSE YOU STILL WILL HAVE TO PAY MORTGAGE TO THE BANK LOL)
>GET OLD AND WON'T KEEP UP WITH NEW TECHNOLOGIES
>GET CANCELLED BY (((THEM)) AND LOSE YOUR PROPERTY

THEY WANT YOU TO OWN NOTING AND BE HAPPY

>>24763920
get a doggo. he will always return the love.

>>24770255
Inshallah brother
Based and arabpilled

>>24760945
Redpilled as fuck. All renters are slaves, only the owner class can escape slavery.
>b-but you just rent your land from the gov, you don't own shit
Exactly, but that should tell you something, shouldn't it? Who owns the government?

>>24772843
>fiat power goes down
>commodity price stays the same
Inflation is not things getting more expensive, it's your dollar getting weaker.

>>24774348
so what's the best strategy in this case?

>>24761766
>certifications to meet code and pass inspection
Landfags don't realize this is the true final boss of homesteading. It doesn't matter how well your home is built, you still have to pay some fucknugget that spent 4 years staring at a chalkboard instead of building shit to come by and sign off that your well isn't gonna burst into flames and poison the rain water of the city 50 miles away. Freedom has been locked behind so many paywalls that you'll never reach it without cheating, and also cheating is a crime. A crime with only a fine and not a penalty by the way, meaning it exists for the lower class bugs like you who can't pay.

>>24765939
You will be happy... and own nozin

>>24774435
Buy things that don't decrease in value. Gold, crypto, guns and ammo. And if you think shits really about to collapse, yeast, sugar, tobacco and drugs, but not before at least guns and ammo.
Gold prices rose a lot during the pandemic because of that same principle, and then guns and ammo, and now crypto. Assets haven't had a bullrun, fiat has had a bear slaugher. Anybody with any brain won't trust the fed after they start printing checks left and right if it doesn't first come from a massive hike in taxes, making the problem even worse. Don't get left behind.

>>24773835
Because they've been in the position for 30 years and thus blocks the position from being open. Their boomer tenure gives them job security and also good resume strength even if their actual skills are lacking.

If you mean the data analyst role - the people in charge of hiring have zero clue what the fuck the role they're hiring for even needs to do. I did apply for the position, was told that I made it to the final consideration and got glowing remarks on by high technical skills. Ultimately they went with him because "the other candidate has more organizational experience." But he was actually taking a role 2 levels below his previous role since it was a work from home role. He actively took a pay cut to get that role, and the boss hiring for it doesn't even know how to use pivot tables. For reference. My resume has Python, Tableau, R, VBA, SAP, SQL, and I have a large portfolio of practically created custom scripts and programs specific to our company. My manager asked me if I applied for the role because he was in awe that the other dude got it. Other dude literally doesn't even know how to use Excel and is a data analyst.

>Apply somewhere else
Already did, for over a year. There's only so much time and so many personal days you can waste on shotgun applying for dozens of positions, getting 2-3 interviews, and ultimately getting ghosted before it actively hurts your proforma ce and burns you out. I've given up by now and focus my energy on just making money on investments as best I can. I have a supportive wife who reminds me that it's my job and not me, so could be worse.

>>24771921
Shitcoins like Brasilian real or Turkish lira don't implode totally and immediately. Even GBP, the currency of completely dissolved world empire. Fiat might collapse, but USD still will remain among the "strongest" currencies. Slow and sure burn no habbedings

>>24774733
Change country then.

>>24774775
Where?

>>24761973
Yeah, housing is going to be cheap when whites make white flight out of the US. They're also going to be Detroit quality, but at least it will be affordable.

>>24774800
Switzerland in the EU, USA if you can get in. If you don't care that much about money then everywhere else is better because "developing" economies tend to have a lot of boomers keeping the roles filled while in developed ones they still exist but in lesser amounts.

>>24774800
Mars. It's about to look better than Earth soon and not because Mars will be improved that much, the other option.

It will be pooped up forever because more people = more poop

>>24764212
My fiance and I make 600$ a month renting our first tiny condo. We bought a house in a nice neighborhood that was barely effected by previous market crashes. Took a year for prices in my neighborhood to normalize after the 2008 crash. When our kids grow up and we do not need our house anymore well sell it for massive gains then move back into our then paid off condo.

>>24774707
but isn't the gold valued in dollar in the end, after all?

>>24775822
Yes, and? The value of the gold didn't decrease while you held it, same thing with the other assets. If you hold 100$ of gold and 100$ of fiat, the purchasing power of the gold will have not changed due to the fiat value of it increasing, while the fiat will buy less and less as prices of goods and services inflate (or more accurately, your fiat currency deflates). If 100$ of gold has the same purchasing power ten years from now as 80$ of fiat does today, while 100$ of fiat only has the purchasing power of that same 80$ of today, the value of the currency you bought it with has been properly secured in an asset, instead of slipping away from your pocket as you hold it, even if they both have differing fiat values in the end.
The real lesson to be learned here is that fiat only deflates in value, and shouldn't ever be held past the need for immediate purchases, while assets only stay the same. Holding assets won't create value, but it will secure it. If you wanted to create more value out of your currency, you have to take risks with investing it into projects and not property, which is where crypto comes in.

>>24776038
same purchasing power as 100$ of fiat today**

>>24759849
we aren't living through a housing bubble, we're on the precipice of a period of massive inflation.

housing prices aren't rising, fiat dollar purchasing power is falling in relation to real assets

>>24761903
If it was literally feudalism most of the country would be common land you could go live on without anybody legally bothering you.

>>24776084
>would be common land you could go live on without anybody legally bothering you.
Except, ya know, the lord of that land? Do you know how feudalism works? One lord owns the land, and pays his knights to secure it, and let's his serfs work it to produce goods that the landlords then own because they own the land it was produced on. And if you ever step out of line, the knights come lop your head off.
The fact that landlords still exist, even if we call them the government now, and that knights still exist, even if we call them police now, proves we never left feudalism. We just invented markets in the meantime.

>>24776155
You kinda write like a homo

>>24774707
>ammo

>>24776038
The problem with being in gold is that you lose the money-multiplier effect of the inflation.. (whe stocks go up)

>>24776189
Fags are provably one SD above the average population in IQ, so I'll take that as a compliment.

>>24776255
5.56 and 9mm have both gone up almost 50% since the pandemic started, and that's just for retail prices. Other calibers have gone up a good amount as well.

>>24776296
>If you wanted to create more value out of your currency, you have to take risks with investing it into projects and not property
>which is where crypto comes in
I was just stating the obvious for the clueless anon I responded to.

>pay a monthly rent with everything else taken care of while investing excess money in stocks and crypto
Or
>pay a huge down payment on an over priced home and pay taxes, repairs, hoa, upkeep, mortgage, interest rates, pay more furniture for more rooms, more stress and time from upkeep, stay stuck there untill sold, etc...

Buying a home would be the better option if it was affordable but taking a mortgage for something you can't afford is a boomer meme.

>>24770255
How about a simple law that says you cannot rent out your property unless you own it outright. You can still take the cheap debt if it's your intent to live there. That way getting a roof over your own head is still easy, but the infinite leverage joy ride that landlords use to build their slum empires gets shut down.

>>24771106
>have 100% of the value of the house not working for you in better yielding assets like stocks
learn what opportunity cost is before you start slinging six figure sums around like you know shit

>>24762696
Zoomer girls have tons of sex, zoomer men are mostly incels

imagine thinking that home prices won't go down when foreclosures are about to spike come 2021 and houses will flood the market.

>>24777365
Prices only go up.

>>24769241
are you me?

>>24776082
It's actually both. We're well into a new housing bubble while also enjoying an inflationary spiral at the same time. First time home buyers get to have their shit sundae and eat it too.

>>24777365
Congress will just extend the moratorium on floreclosures forever. It's political suicide to throw boomers out on the streets, even if that's where they belong and what they deserve.

>>24759849
Usd goes down. House prices goes up.

Sudden usd surge up. House bubble crash.

>>24777566
>just extend the moratorium on floreclosures forever

Doubt with this great reset shit they are planing, I'm pretty sure they are past the point of caring about votes.

And they have constantly been trying to rape the middle class for more than a decade now.

And at this point, the only middle-class people are mostly boomers and business owners. And business owners have gotten fucked by these government lockdowns. Thus it's the boomer's time next.

>>24759849
here in Ozfalia, propped up forever.

The gov will never let 1 million people be forclosed on.

Covid proved this.

GOD I hope these foreclosure people get raped. I need a house

>>24761521
The government will beat you up and throw you in jail if you try that

>>24763340
Just move, literally. You have an EU passport, you got so many countries to choose from

>>24777365
>>24777682
The elite won't let those homes go to bugmen poor fucks. They'll buy up all the cheap homes asap and then rent them back out for an insane mark up since they now have a monopoly on rental prices. This happened in 2008 after the crash, and home/rent prices went up, not down, too.

>>24777872
This.

>>24768564
Deflation in real terms are prices going down because of technological advancements lowering costs while your purchasing power stays the same.

>>24760648
It's like you faggots have never built anything in your life. Buy land and build a house, retards.

>>24777682
>great reset shit they are planing
get your head out of /pol/ and /xrpsg/ for a minute and appreciate what a fucking meme this great reset bug-eating own-nothing bullshit it. It's just another manifestation of the infinite paranoid delusional tendencies of underpriveleged, resentment-filled basement-dwelling internet autists. Not to say that big player don't have designs on the world, but for the most part they are as clueless about what's going on in the world or how to control it as we are. The only difference is that they have shitloads of money and connections such that they can make the most of any outcome and come out on top of it.

Consider if they were really engaging in world-scale conspiracy to get everyone to give up their possessions and eat maggot burgers, they probably wouldn't accidentally betray their master plan by posting a fucking infomercial about it on the WEF youtube channel.

>>24777872
>>24778053
imagine being so demoralized you actually believe people don't build their own homes

>>24763440
Come to USA brother, there’s a big polish community in Chicago, my girlfriend is polish and they’re a very tight knit community. I have no fucking clue what they’re saying but there’s always a party or get together or something going on

>>24760564
Wrong. Automation is expensive. You need to pay for the power to keep the robots on, maintenance to keep them working, supplies to build and repair them, etc. In comparison, a human worker can be paid less than what they need to supply themselves with adequate food/water/housing, and you can always simply get more from the third world or count on the government to feed them with welfare.

>>24778174
You literally cannot anon

Some official will come and see land on an otherwise thought to be empty property and will start a formal investigation since now your taxes will be expected to quintuple. Then they will ask if you’ve followed every single law and regulation on buildings properties (that constantly change too just in case you manage to spend literal years to figure this out).

As soon as they identify a flaw they will condemn the structure and ask it be torn down at your expense, meanwhile you’ll still now owe a much higher tax rate unless you Go through the lengthy process to appeal

>>24778300
sounds like eurocuck cope to me.

"no dude, people literally can't build a house because the gubberment"

you have no idea what you're talking about, just blackpilling yourself

>>24778286
Automation anon here, I’ve spent most of my working life fixing robots.

The following comparison is made against third world/minimum wage workers brought in simply for being warm bodies:

Robots don’t come in late to work.

Robots don’t make mistakes (if I do my job correctly.)

Robots don’t get lazy

Robots don’t steal

Robots don’t sexually harass female wage slaves

Robots don’t go out on a 15 min break and smoke weed for 3 hours

Most manual labor WILL be replaced by robots very soon, they’re affordable now and the benefits are all there. Hell I actually repaired a robot that replaced my last manual labor job at my first automation job. Robot did a hell of a lot better than I did, even as a competent and skilled employee with a .1% mistake margin, theirs is 0%.

>>24778323
you sound like an uneducated retard autistic who has never done anything in his life, much less built a house on a virgin piece of land. there are a number of regulations and standards you have to meet if you want to build a habitable house and not an shed that cannot be insured, cannot legally be considered habitable, and is at risk of condemnation by local authorities. like it or not, that is the world you live in.

>>24778323
Oh I’m in the Us, and I’ve looked into this since I’m getting a mortgage soon and I’ve worked construction for two years as well. Building codes here are very extreme but I can’t talk for EU anons.

>>24760648
>can go somewhere new, no strings attached
that's not how it works lol

>>24778384
I've worked and been friends with rural homesteaders for the past five years. People buy land and build houses. Before this I remodeled homes for years. The most difficult part is getting inspectors to show up and tick a box so you can finish the work. You are a defeatist and will never know self-sovereignty with this attitude.

"It can be done, it's just difficult!" You don't say? It's almost as if worthwhile things are difficult! Notice I never said it isn't difficult? That doesn't mean it isn't worth it. If you literally think some government man is going to show up and arrest you for living in a makeshift situation while you work on a permanent dwelling, well, you are actually autistic and have never seen or interacted with people doing just this - much less contemplated actually doing it for yourself. You think the government is responsible for plowing and grading dirt roads into the country side? You think the people living out there are afraid of government box tickers? Wake up.

I’m selling my house next month. Do I put that into btc for a year wait for housing market to crash and then buy house or just buy a house

>>24778369
So if manual labor is on its way out, why is nearly every first-world nation trying to import as many cheap laborers as possible? The vast majority of these people aren't capable of doing white-collar work, and it's not like we suddenly need millions of service industry workers. Unless their sole purpose is to serve as a base of consoomers for the big corps to milk there is no real reason to bring them in.

Please, take a look and share your opinion about their Crypto Incubator and investment system. Want to take part but try to find more info about it

>>24778635
most of them aren't capable of being certified tradesmen either. America is unironically extremely lucky that we get hispanics who are familiar with and sometimes even skilled in the trades, English is the only obstacle they have to overcome to go further as tradesmen.

Europe got flooded with mostly men who had no work ethic or trade skills who will not settle for anything less than designer tracksuits and shoes paid for with European taxes.

>>24778369
robots don't pay taxes either, that's why they want you to stop breeding and get death panel'd at age 70 so that the elites can live in a waldorf paradise for their children and enclaves. Hard to blame them, why wouldn't you want to automate the misery of work and get rid of the plebs if you could? They'll probably end up getting lynched by a color mob though, also a fitting end. They believe in "the end of history", a fatal mistake.

>>24770573
My mother owns her home but like many others she has no other investments or savings. Soon she will retire and I expect she will eventually downsize and use any money she makes as a result for healthcare and to supplement social security. If I'm lucky I figure there will be a little left over to split between my brother and I but it's hard to imagine getting more than 100k and that's many years from now

Some boomers who are more consumerist get reverse mortgages which means the bank sends them a few hundred a month until they die and then the bank takes the house

>>24778635
All those newcomers need gibs. Someone gets paid to distribute those gibs. Look at the salaries of senior public sector workers, diversity consultants, immigration appeal lawyers, charity workers etc. Not to mention property developers, IKEA and the like. Its a Keynsian dream.

>>24778166
Based and reality pilled
The great reset is real in the sense that the rich will be able to scoop up the remaining wealth of the middle class, but it won’t be a coordinated strike. It’s just big money chasing opportunity that poorer people can’t capitalize on.

>>24778765
at least your mother is not dying from cancer within a year and pushing you to buy your first house so she can gift you 50k tax free to buy it.

>>24778300
>some official
kill them
>b-but the police
kill them too
kill them all

>>24759849
The moment the country stops allowing foreigners to buy land, it will collapse. How do they ethically do that? By not allowing s-corporations and shell companies to buy what is classified as real estate intended as homes.

>>24779007
I'm sorry to hear that anon. I'm not sure if you or your mother are aware but inheritance is tax free up to 12 million dollars or something like that now, so its probably best to focus on other things now

>>24779087
she has 2 other children