/biz/ - Business & Finance

>>26026354
>Work for it.
kek. no. taking a 40 year mortgage for a cuckshed? no thnx.

>>26026354
OP sucked a lot of dicks to afford his girlfriends boyfriends new house. Make sure you listen to him

work will set your free

>>26026502
Fuck these poorfags

>>26026354
The fed will never let that happen. If they can print 3 trillion for COVID relief what do you think they would do prop up housing? Just buy. Inflation will decrease costs in the long run anyway.

>>26026354
I'm not going to take your shitty bait

This made me kek.
Don't tell the author we're also planning on bailing on Boomer retirement money

>>26026354
If millennials could afford foreclosed homes from a crash, then the homeowners would more than afford not losing them in the same place

>>26026502
Wait I know this line
/pol/ says it a lot

>>26026354
>https://www.ccn.com/these-entitled-millennials-are-cheering-for-a-housing-market-crash/
>[...] I'm 20 years old [...]
Don't lump in retarded zoomers with us, jesus fucking christ.

Also my house has gone up 25% in value since quarantaine. :^)

>>26026354
you're a fag. I hope boomer plague kills the kikes hoarding property and I can buy in on the ground floor

>>26026635
what the fuck is this website
it's worse than buzzfeed

>"There’s a way for millennials to afford a house of their own whether there’s a housing market crash or not. Work for it."
>W. E. Messamore
Markets Contributor for CCN living in Nashville, Tennessee. Bachelor of Business Administration from Belmont University in 2009 (majored in Entrepreneurship)

>>26026354
>But they’re entirely naive about how many people will get hurt if that happens. Or they hold that possibility in callous disregard.
oh, you mean like how boomers didn't give a shit about us?

>how DARE these young upstarts wish for cheap housing! This is clearly a personal attack on me, the journalist with institutional power

>>26026354

>work for it
>we deserve the 100% price increase which has occurred over the last 10 years NOT YOU

>>26026575
why would something that's in high demand crash?

>>26026753
>majored in Entrepreneurship

>>26026354
>They say it will help them afford a home.
Absolutely
>damage it will cause to current homeowners
I don't give a shit
>Work for it
Already on it, will have my deposit ready for my first 2 bed starter home by 2040.

Holy fuck they wrote this unironically

>>26026797
People wanting something =/= demand. If people arent willing to put out the money, there isnt any demand.

>>26026839
Hmm questionably based

>>26026839
why didnt i think of this? just watch peoples' pets for thousands of dollars?

>>26026839
I truly hate bootlickers

>>26026354
nah, ill take someone elses broken dreams from under them. why? because thats what happened to us.

>>26026805
>>26026839

>majored in Entrepreneurship
>works a 40k job
>spends her free time dog walking, cat sitting, writing garbage, etc

>>26026575
shows the state of the zoomers.

completely apathetic with fried dopamine reward system and ADD, warped morality, driven by only hedonistic and vane pursuits unironically dumb to actually obtain them through success

they are not much different from their rich pedo overlords and will probably do the same things as their overlords given exchange in position

>>26026839
I hope the person who wrote this gets fucked on their mortgage
>you should just be writing better articles to cover your mortgage boomer

>>26027107
I think the writer is the one who 'majored in Entrepreneurship' not the dumb motherfucker living in NYC with a 40k salary
they're both wastes of air tho

Millennials are looking for houses in high demand places. If you take the state of Michigan for example, as you move farther up to the UP, there are plenty of far more affordable and nicer houses as you go. The problem is it isnt CLOSE TO THE CITY etc

>>26027351
yeeeeeeeeeeeeah lemme move to bumblefuck and work at walmart or the hog farm that sounds fantastic.

>>26027351
>actually a shack in the middle of nowhere doesn't cost that much

>>26027441
Well if these retards are freelance writing working remotely and dogsitting anyway then yeah you can do that basically anywhere

>>26026354
Housing market will "melt up," I did the same mistake back in 2014 with the stock market.

>>26027351
If I could find a job in my field in bumfuck nowhere, or work from home I would do it in a heartbeat
but I can't, so I'm stuck paying for shitty house who's price has been inflated by fuckhead boomers getting 5 mortgages for 'passive income'

>These Entitled Millennials

kek

>>26026502
my man

>>26027351
Plenty of cheap houses in Detroit too. I think millennials are just a bunch of racists.

>>26027655
Yeah, its a lot more understandable if there are job fields that dont apply to living in bumblefuck nowhere but again half these cucks either work retail or some other shithole job that would apply up there

>>26026354
I don't think a crash will happen as crazy as it sounds. The biggest problem is that building a house is super expensive due to regulations. Until they make it possible for average joe to build a home, these prices will stay high and continue to rise like always

>>26026797
>why would something that's in high demand crash?

Pretty much what >>26026876 said.

In 2021 you're going to see a couple macro forces to the bear side here:

* More willingness for roommates, whether ones parents or otherwise.

* People simply leaving areas where housing is the highest or the US/West altogether

>>26026354
only way the housing market will crash is if 50% of the population is removed from the earth

>>26027896
fair, anyone who lives in NYC and is only making 40k deserves to be poor
no sympathy for them, that's just stupid

>>26026354
>But they seem heedless of the damage it will cause to current homeowners who face stress and tragedy of foreclosure and displacement.
if you already own a home why does it matter? there are millions of people without homes right now. all landlords should be TNT'd in minecraft as well as the financers who allow it

>>26027175
>shows the state of the zoomers.
houses now cost about 6x higher than in the 90s wages have not increased even close to that

>>26027175
>NOOO MY 800 SQUARE FT KEKSHED NEEDS TO BE WORTH 400K IT'S THEIR FAULT THEY WERE BORN AFTER ME!!!!

>>26026354
>Many millennials are cheering for a housing market crash on Twitter. They say it will help them afford a home
They are gonna be disappointed when all the property is bought up by foreign investors.

>>26026797
Many reasons
Jobs are going away constantly which shrinks the pool of people able to afford loans. You just wait until the market crashes and completely rapes companies out there 100x worse than corona lockdowns did.
Then there's people becoming so saturated with debt that they can't afford to get the loans to begin with.
Also banks becoming stricter with their loan requirements as more people have trouble with their debt.
And throw in the possibility of rates going up at some point which prices even more people out of the market and fucks over existing homeowners, who have refinanced the shit out of their existing homes.
I wouldn't be surprised to see housing prices tank +70% when things really get going.

>>26027896
>Yeah, its a lot more understandable if there are job fields that dont apply to living in bumblefuck nowhere but again half these cucks either work retail or some other shithole job that would apply up there
This is a levelheaded take on it. No reason to be working 7-11 in NYC. You can do that or equivalent anywhere.

I'd be heading to the best value place for my field

>There’s a way for millennials to afford a house of their own whether there’s a housing market crash or not. Work for it.
yeah lmao work so that I have enough money in the (((bank))) so that I can take out a loan and spend the next decades paying for it. You and your rhetoric can go back to Jerusalem or to the whore who gave birth to you and your ilk, mr. Goldshekelsteinbergowitz

>>26026502
BASED
except if you have to work for jews

I'd like to contribute to this discussion regarding how "easy" it is to buy a house nowadays.

In Sweden, I'd need an income of ~5,400 USD/month in order for a bank to give me the loan required to buy an apartment of ~45 square meters with two rooms.

Average Swedish income is ~3,700 USD/month according to stats from 2019 that I can find, which surprises me because most of the stats I've seen leading up to past few years places average income at around ~2,500 USD/month.

So, yeah, fuck boomers. They can all burn in hell.

>>26026354
>Every single person WANTS to buy a home.
>Expect a crash

The moment I noticed that all late 20s wagies around me wanted to buy a house I understood it was a mistake. And they don't account for half of the unexpected expenses in the following years. A house is a liability.

>>26027000
Lmao my friends maid in NY makes 30/hr. The dog walker makes 17.

It's much harder to get a mortgage in crashes.
Interest rates go up and deposit requirements go up, it only benefits cash buyers.

>>26028103
No shit. The boomers had the easiest lives in human history by a factor of 100. That is never, ever coming back.

>>26029200
the worse part is that, as boomers die, you just know that those houses are going to end up in the hands of niggers, gypsies and other orcs

>>26029200
Is it true that most people rely on the bank of mummy and daddy to get a mortgage (by basically getting gifted huge deposits)

>work for it
kek get fucked. Max mortgage=4-5x salary. Even if became highly skilled after uni and selected for highly competitive PhD course would earn £40k and BARELY be able to afford a cuck shed for my family in the most shit holey of neighbourhoods. Literally running myself around in circles working jobs alongside uni and investing everything and the BEST CASE scenario is I can afford the ABSOLUTE minimum standard of living. It's fucking hilarious. Everything is fucked. I'm not even on the side of muh millennials but everything is a nightmare and compelled undesirable. Don't want a deano house so best come up with £400,000 from shit coin investments to be able to get a house with more than 0.000000000001 acres to it.

>>26026797
High interest rates can kill demand because no one would afford the loan payments.

But you'll never see the central banks do this because it'll literally crash the whole economy.

Hmm I wonder WHY property has boomed so much this century in the west...

>>26026354
>t. boomer

>>26029571
They're transitioning into a system where a few hundred companies own all of the land and everyone else rents from them or gets government housing.

>>26029469
Of course, that's how I got the apartment of 45 square meters for which the bank required an income from me of ~5,400 USD/month. Without my parents colossal boomer incomes I'd still be living in their house by my age of 28.

>>26029388
>orcs

>>26026354
Fuck boomers fuck banks, CRASH THAT MARKET!

>>26026354
>You HAVE to buy the house I am selling you for 10x what I paid

>>26028008
People are putting their homes up for sale here in Eugene, Or and they are sold within a week at more than the asking cost. This is still happening today during this crisis. The house I bought went up for sale on a Friday, I looked at it on Saturday and I signed the contract for it on Sunday. Shit is not slowing down here at least and Oregon is economically depressed.

>>26026354
They’ll look back in 3 years an realize how stupid they were. Always happens. Housing doesn’t just crash

>>26026703
truly worse than tabloid-tier. propaganda. totally fake.

>>26026354
She is also waiting on her 2 baby daddies to come back.

>things that will never happen

>>26029469
>>26029762
I can add that I remember seeing stats that something around ~33-50% (some large number like that but not a majority) of Swedish millennials in Stockholm are 100% economically dependant on their parents generation in order to afford not living with their parents.
This doesn't mean that the remaining 66%-50% are "doing well for themselves", it just means that they're renting a place for literally ~1,200 USD/month (my best friend does this for some fucking reason).

The housing market in Sweden is completely and utterly broken and retarded.

>entitled millenials

>But they seem heedless of the damage it will cause to current homeowners who face stress

AHAHAHAHAHAHAHAHAHA

fuck poors
fuck consoomers
fuck boomers
fuck jews
fuck trannies
fuck jannies

Once the bubble burst these fucking jews either sell me a house to the price I want to pay or shove it up their asses

>>26026354
I want it to crash too. Someone in the 50s-70s could work for 1 year and buy an apartment. I have to work for 3-4 years. Situation is fucked

>>26027441
the mist?

>>26029531
you can buy 3 bed semis in most areas of the UK with about 200-230k, even now in what may be a bit of a lockdown housing bubble.
house prices are definitely high but they aren't unaffordable.
historically people have got joint mortgages, a lot of forget that

>>26030160
The bubble is never going to burst. We're adding 2 million foreigners a year. They all need housing in tbe city.

>>26026354
Fuck boomers. They’re over leveraged as fuck their entire existence is debt and we carry it, I’d rather they lose it all so some only fans cunt can afford a shed for her nigger.

>Stuck in Mass until my Bachelors in Info Tech is done (about a year)
>30 because I didnt know what the fuck to do in my 20s and come from a lower class white trash family that shits on college, so I went back late. No one would sign off on my FAFSA shit when I was under 25 and your parents are required to state their incomes/assets/etc until you're over 25.
>Can't move out because STUDIO APARTMENTS in ghetto heroin centers like Lawrence are 1200 a month

I've only got 35k banked, but when I'm out of here I'm getting an acre of forestland in a place where I can get good internet/cheap land and getting an A-frame built. Even if the housing market crashes, anywhere that isn't flyover country is still going to be way overpriced either way. Fuck the boomers, fuck the economy, I hope it blows up in their faces.

>>26030592
I looked into Avrame's kits and building one before buying my house at 25 (paid $145k on 15-year mortgage 2.8 years ago), I was really tempted to keep renting for an extra 2-3 years to be able to afford land+build an A-frame, but ultimately took the faster route to having my own home. Overall I'm happy with it but still live in essentially suburbia which is kind a downside. My conditions were different from yours since I'm in an area with extremely low housing prices.

I still want more land/privacy and a cozy A-frame. Maybe once I make it...