/biz/ - Business & Finance

>>26163884
In the US?
sad to say never again my friend
2008 was a unicorn event.

2008 was because of the banks lending left and right to everyone, not because of the market

>>26163884
I call bullshit on that house price. There is no way that's 1/4 million dollars.

>>26163884
looks like the bank sold it to settle back taxes at a $20k premium, many such cases back in the housing crash

>>26164077
It's real fren
https://www.zillow.com/homedetails/2638-N-29th-St-Phoenix-AZ-85008/7542835_zpid/

>>26164077
believe it. it's worse in portland.

>>26163884
very related

>>26163884
Unironically cozy looking house, if only it were cheaper...

Not until interest rates rise. They are keeping the rates low so people are still able to buy overpriced homes.

>>26164255
Looks like a dumpster

>>26164077
it's not the house that cost so much, it's sqft of land it owns and the location

>>26164149
Imagine paying $250k for a shack in the middle of the fucking desert

>>26164255
it's a literal container with an A/C unit
so yeah it's ok for homeless relief paying 3/4k each
even 20k in 2009 is retarded

>>26163884
Just buy a giant RV off some COVID dead boomer and drive it right to the most expensive real estate areas in the country and park it.

>>26164359
>0.15 acre gravel lot next to a church parking lot in a crime ridden area in the middle of a desert

>>26164149
This has gotta be some kind of money laundering thing or something. You can still get very cheap homes all over Phoenix.

I want to know if/when the UK market will. I had a look to see what 300k would get me and it's fucking depressing.

>>26164673
cuck shed?

>Beg for more immigrants
>But don't want to live with or near them
>Can't understand why real estate prices in the cities and immediate suburbs are going up
Granted that's only one part of it, but still funny.

>>26163884
10x in 12 years? what a scam. You could have bought BTC or TELSA and made a lot more. By comparison, this shit is pretty undervalued rn. OP, housing will only crash with population. As long as people want to live there, shit will go up up up

AAAAAAAAA

I WANT MY A-FRAME ON A FEW ACRES OF WOODLAND

AAAAAAAAAAAAAAAAAAAAAA

>>26163884
Just live rurally, my fren. Houses there cost 100-250k that would be 300-400k in suburban areas.

The housing market would be fixed if 100k was knocked off every house. Take any hos you find, lower the price by 100k, and suddenly it seems reasonable. Biden said he was going to do something about housing, am I hoping for too much?

>>26165102
you can build it yourself for around 2 BTC right now

but as a lazy neet that never left the keyboard, I know how much of a struggle life can be

>>26163884
it only crashed 15.6% on average.
took awhile to recover but its not that much really.
im HOLDED through worse dips

>>26163884
Can HOA,s prevent foreign businesses from buying houses where your from anon,s or do they just complain about the tint of green you used on your home.

Can you imagine?
The total land area of the USA is 3,531,905 sq mi
SQUARE MILES
Not ever mile is fit to live on, but you get the image.
Then how can this possibly be that you choose to pay that amount of money for 766 SQUARE FEET.
LETS GO BACK TO THE SETTLER DAYS

>>26164149
god fuck az

>>26164780
A step up from cuck shed, but below comfy. A barely tolerable mediocrity (if you're not too fussy) kind of place.

>jack up the price by 400k of a house made from the 1977s
>not a single improvement to the home anywhere beside a pool
what's their endgame?

>>26164915
>United States is one state.

how is no one mass producing precast concrete homes yet?
there literally exists no reason a new, decent home should cost anymore than $80k+land+utility connection

>>26163884
You Americans expect everything handed to you. This mansion would cost $1mil in my country. Eat the bugs. Etc.

>>26164359
kys boomer scum

This year.
>>26164149
Whoever buys that at that price has earned housepoor status.
>>26166916
The United States has free movement. It is only a matter of time before States start imposing out of state taxes for people moving into their state to sway rich leftists from abandoning their creations. All the State that implements this tax has to do is market it that the is tax to help pay for their public schools, infrastructure or some other reason.

>>26167060
ive looked into some prefab homes that are not so bad, problem is they are still pretty expensive and in startup phase mostly. Then you gotta find somewhere to build it which is a pain bc any plot of land that is zoned to build housing is like 10x more expensive than it should be

>>26166198
boomers exist solely to make life unjustifiably hard for non boomers

>>26167060
Radon exposure and brutalism as a style need to be eliminated entirely. What kind of defacto-abominations would you be creating at that point? What we need to do is start mass-building Gothic castles and beaux art mansions with stone and brick and etc. Not even for the sake of people living in them but just so cities won't continue to look like shit.

>>26164077
Could have been a complete shitshack back then that ended up being flipped. I've seen a few in my area that look like meth-dens going for less than $50k. Someone buys it, remodels it like crazy, and puts it back on there for $200k-$300k.

>>26167251
I'm honestly surprised the northern states like Montana and WA haven't done this years ago
It would have saved them from the Californian infection

>>26167518
Considering new jersey makes you pay taxes to leave the state, it isn't so far fetched

>>26167330
Fuck man, I don't want to believe that, but it's so true. Ideal progress for society seemed like it would be for each generation help better life for the next generation. Yet the majority of boomers bitch about how the newest generations are lazy because they don't follow the same (obsolete) life trajectory that they pursued. And when they do, they still get talked down to for wanting a similar outcome that no longer exists.

>>26164255
>it's cozy

>>26163884
Sometime after the entire west crashes. It will literally be the last holdout.

>>26164077
be sure to import more 3rd worlders
maybe we can get the price up t 500k
yay enslaving ourselves so we can pretend to care about people

>>26167765
God dammit why can't it be the first I want a housarino

>>26167384
>Radon exposure meme
just make sure its ventilated

>>26167902
import more 3rd worlders to build mcmansions

>>26167318
>pretty expensive and in startup phase mostly
these companies need to go public and shill "AI homes", "green future", etc. and get TSLA tier funding
I want at least 50 ExaSuburb factories built this decade
>>26167384
radon is largely a meme and if you're that concerned just ventilate
the house doesn't need to look like a soviet commieblock
it could be basic like pic related and then you could add façade if you want

>>26167318
only the gubmint can own land

everyone at my fortune 500 corporate wagecuck job is fomo'ing into the housing market right now. they're all in a panic and talking about how they have to buy up houses and outbid everyone because they all believe it's the smartest play to make right now.

>>26164553
this. that area is full of beaners and dirty as fuck

>>26167714
Boomers are a fucking plague and need to move on

Could I tear it down and build a small apartment complex on it to rent out? I heard landlords will go after you with law suits and other scary shit if you try to make a block to rent out.

When the economy collapse.....

>Parents bought a house for 100k in 2001
>its now worth 700k and increasing every year

>>26168135
>>26168307
t.

>>26168439
The only thing more cucked than US property tax laws is probably actual cuckoldry.

>>26164077
Eurofag here. A small 2 bedroom apartment can easily cost $500k+ in my city. <$350k is consdiered cheap and is usually in a somewhat shitty location.

>>26167168
You must life in country size of luxembourg and population size of bangladesh if that the case

>>26163884
Looks comfy!

>>26163884
its not, its going to inflate cheaper, but it wont crash

>>26168307
Based and Skånepilled

>>26163974
>>26164036
They’re literally doing the same exact things right now except even worse.

If you think Wall Street learned anything you’re dumber than you seem.

>>26163884
>buying houses
Build

>>26163884
two weeks

>>26164321
>>26164553
Solar assets faggots. And here I thought this was a crypto board. Must be the top, the idiots are out in force.

>>26165217
>around 2 BTC right now
Wait I mean 1.5 BTC right now. Wait no I mean 3 BTC right now. Dam

>>26168926
Says the literal the plague invocationor

>>26167060
Why build houses that sell for $80k when you can build a house that will sell for $400k on the same plot?

>>26163884
That’s a multi million dollar house in California

>>26165102
That whataburger looks kinda fucky

>>26164302
this

>>26168307

Skåne on my /biz/?

>>26168307
>radon is a meme
Yeah not when all your neighbors die of the same leukemia.

How bout this charming cuck box? It's cheaper.

>>26173012

>>26173012
I kinda like it desu, has character in a way that most southwest stucco mchouses don't.

>>26167714
>Bro just turn up to a factory and get a job the same day bro
>Bro just don't buy iphones bro
>Bro just save your guaranteed pension bro
>Bro I've paid taxes all my life bro

I love the housing is too expensive meme. Git gud you poor faggots

>>26166198
It's mostly that the value of fiat is becoming ever more worthless, that's what people don't understand. If it was priced in gold (for example) it would probably be pretty stable.

>>26163884

>>26164673
Stop looking in Landan. Problem solved.

>>26173223
Looks like fucking ghetto

>>26173185
>1000% home inflation vs 0% wage inflation in one decade? ez pz

>>26163884
If you really wanna get pissed off, look at the original cost of some of these multi million dollar homes that were built before 1960. Then, try to find out the original purchase price and adjust it for inflation. Most, if not all of those homes were between 40-80k.

>>26169968
There is way to much demand for a market crash. There are so many investors and home buys waiting with cash. What made the 2008 crash so bad was the lack of demand and access to loans. Banks are way more able to lend now. Fed made the money flow. They also are building and dumping houses on the market like in 2006-2007. Why do you expect a crash when the demand is so incredibly high and the supply isn’t there? Not that many people are going to put their homes on foreclosure

>>26173273
Does that mean 1000% increase on the property you are currently eyeballing also you have made 0% increase in wage in a decade? That is why I said git gud

>>26173451
>what are progressive income taxes
My nominal income has increased 500% over the decade but my take-home has only increased 200%.

>>26163884
Not until these threads stop being posted every day

>>26173349
>Most, if not all of those homes were between 40-80k.

>>26173424
Can confirm there's a shitton of California cash pushing house prices across the entire West. I think this is a bubble to an extent, but it's not as over-extended as the 00s bubble was.

>>26173424
Meant to say they aren’t* building as much as they did in the past

>>26164255
It looks like a crackhouse, anon.

>>26173496
So you are saying you need to git gud? Or that everyone should have houses for free? Which is? There are a lot of awfully retarded left leaning shitheads concerned about OTHER PEOPLE'S MONEY on /biz/ I find that very odd desu

>>26164673
That will get you a nice 3 bed house with lots of living space if you look outside the SE.

>>26173667
>wanna know how I gaht these skaahs?

>>26174293
>Or that everyone should have houses for free?
"Free homes for free men" was Abraham Lincoln's slogan in 1860. Only leftists oppose a strong homesteader middle-class.

>>26174806
>only leftists X
First off absolutes are retarded and you just blew it. Moreover you seem to not want to work hard so idk what you think a homesteader is. Nobody is stopping you from doing any of this

>>26175262
cucked property tax laws are most likely stopping him

>>26163884
I estimate about one year from now.

There’s two events that will proceed any housing crash.

1. A Carbon Tax. Which will be applied to suburbia. I.e. white mortgage holders.
2. Capital gains tax increases

>>26176136
>There’s two events that will proceed any housing crash.

How confident are you with your prediction?

>>26163884
Every time I see new pictures from the US I can’t help but notice weird clouds
It’s like they’re sprayed or something
Is this shit even natural burgers?

>>26163884
Millenials and Zoomers are not buying real estate buds the crash is IMMINENT

>>26176194
97%

A national carbon tax will be rammed through like the ObeezyCare act, under the guise of altruism.

But the real economy killer will be the cap gains increases. But the months leading up to this, which is now until December, will see people selling slowly. Since the new law won’t likely take effect till 2022

>>26173223

It's a stunning estate

>>26176238
That picture is essentially in the middle of a desert retard.

kys doomtards

>>26176248
Yeah it's the younger generations' fault

>>26176044
>cucked property tax
Not that I enjoy paying taxes on it but those taxes exist for a reason and there are ways of paying very little in property tax anyways so I am assuming he doesn't want to work for it. That's always the answer

You kids need to pull yourselves up by your boot straps and buy a pile of wood and windows with annual property taxes. Then get ready for the divorce hearing and mortgage restructuring. Youngsters are really dropping the ball here.

>>26167714
boomers live for the job, not a career, not art, or money, literally having a job. I'm a machinist and i keep meeting 65 and overs with over a mil in the bank that won't retire, and if anything wish they could work more hours. It's how they define themselves.

>>26163884
When Biden comes into office. He has the same complaints as you retarded ccp libtards, and he will fix it by shoving high density housing for low income retards into suburbs. So now you lazy zoomer retards get your cheap housing along with all the other givsmedat ccp faggots. Lmao law of supply and demand.

>>26176640
This is literally my entire family. When my dad sees someone
>"How's life treating ya?"
>"How's your job?"

>>26176572
>exist for a reason
Oh I know anon.

>>26176238
>he doesn’t know chemtrails and contrails

>>26176783
Thanks for the laugh sincerely. But taxes were real even befofe the eternal jew. It's like the chicken and the egg

>>26164359
THIS. When will the retards here get it. Real estate isn’t expensive because of the house itself, the price is almost entirely because of the land. There’s a big premium to pay if you don’t want to live next to Daquan and D’nee. If you want to insulate risk from any potential real estate crash then your top priority will be securing land in a sought after area and getting the biggest piece of land you can afford. You honestly cannot lose that way. If the house itself is shit then who cares, bulldoze it down and build whatever you want. Or just sell the whole plot to some idiot who will pay more than you did.

That's a steal in canada

>>26165211
Maybe in some states in the US, but in places like Australia $100K would do jackshit kek. Keep dreaming though. Unless interest rates rise then there is literally no reason for houses to magically get cheaper by $100K. And interest rates will not rise anytime soon.

>>26176724
That sounds incredibly based if true. Glad Biden is president.

With the coming global monetary crash the housing market will also come down, now i dont know what prices will look like in the new fiat system but what i have heard is that compared to gold the property market will collapse as much as 95%

Basically we're going full weimar republic lads, as in a couple of ounces of gold will probably buy you a 3-6 bedroom house in an upper class area and for anyone saying this cant happen its happened roughly 3800 times in human history when all those fiat currencies collapsed.

https://www.goldbroker.com/news/buy-a-house-for-2-6-ounces-of-gold-1051

>>26163884
unfortunately, the FED has decided they will buy up any mortgages that aren't selling so the prices never plummet. look up who owns the most mortgages in this country. Hint: it's the FEDERAL RESERVE.

>>26177042
That house is literally in the ghetto in a disgusting desert lmao cope more

>>26177236
Absolute fucking retard. Just about everything is expensive because credit is pretty much free and the USD just gets more worthless every year. But LMAO IT IS LITERALLY A DESERT HOW IS THE PRICE SO HIGH BRO LOOOOL

>>26163884
>Interest: As low as they've ever been since the beginning of US record keeping
>Inflation: 25% of every dollar ever created was produced last year alone
>Foreign nonresident / noncitizen buyers: Still exist and more likely to spend the more USD depreciates and their own currency's relative buying power increase
>Term extensions: Most lenders haven't even launched mainstream 50 year mortgages yet
>Lending scrutiny: Still high thanks to 2008 with applicants getting shut down left and right for lack of stable job history or not enough cash for down payment
>New construction: Discouraged thanks to exorbitant lumber prices
>Market: Still unequivocally a Seller's with supply above demand and buyers paying at or above asking price
You're going to be reposting this shit thread for at least another 10 years, rentfag.

>>26163884
>Interest: As low as it's ever been since the beginning of US record keeping
>Inflation: 25% of every dollar ever created was produced last year alone
>Foreign nonresident / noncitizen buyers: Still exist and more likely to spend the more USD depreciates and their own currency's relative buying power increase
>Term extensions: Most lenders haven't even launched mainstream 50 year mortgages yet
>Lending scrutiny: Still high thanks to 2008 with applicants getting shut down left and right for lack of stable job history or not enough cash for down payment
>New construction: Discouraged thanks to exorbitant lumber prices
>Market: Still unequivocally a Seller's with supply below demand and buyers paying at or above asking price
You're going to be reposting this shit thread for at least another 10 years, rentfag.

I bought my house for $74,000 in 2014. I made about 20,000 in repairs/upgrades over the years, and I just met with my real estate agent and she said I can comfortably list it for 145,000 and it will likely have high competition. Its only 960 sq ft lol

Normally I would never sell and my dad's philosophy is never sell real estate, just rent (he owns 4 properties now and rents two of them for $1800/mo income) but I am terrified of renting to someone in this area, its a bunch of white Trump drug addicts. So I'll take the cash and use it towards my new construction loan in a way more desirable area.

My new home I am building I will have 225,000 in it when its finished and it should appraise for 565,000. It pays to live in touristy areas.

>>26176954
I just dwell on small things I can't control because I'm a simp unironically desu.

>>26177704
Based. Everyone should post asking price as ridiculously high as possible so CoreLogic starts outputting the same high prices for every other property nearby and the faggots praying for a crash are priced out until retirement age.

>>26175262
youre a dumb faggot, kill yourself

>>26164077
It has 4 floors beneath ground level

>>26173424
>foreclosure
Why not? Buncha people got fired, who's going to pay for their houses?

>>26166198
>here's your nonexistent inflation bro

>>26168439
most of that land is empty and locals are allowed and encouraged to use it for things like animal grazing, hunting, recreation anyway. i don't see the point in turning the entire world into 1 giant coal mine fracking pool.

the rest of the land that isn't empty is heavily forested or mountainous. there's plenty of land to own in the US in my opinion. i've been to more than half the states too and only recently moved to the coasts so don't try to pull some commie shit on me.

>>26176238
we have these cool things called airplanes over here

all i want is 10 acres within an hour of 1 of these old mississippi river towns bros. a nice house to grow old in with the missus. is that too much to ask for? if the next generation of americans can't afford to own homes then they're going to blow a gasket.

>>26176238
I'll miss our kween.

>>26178926
>there's plenty of land to own in the US in my opinion.
Yeah, anons who say "you don't really own land, the government does" are just angry apartment dwellers who are trying to convince themselves owning a house is as bad as renting because homeowners pay property tax once a year.

>>26178649
why doesn't every city just build basement floors in every apartment building equal to the number of above ground floors. double house supply and makes it harder to knock the building over

>>26169968
You're wrong but there's no reasoning with doomers so I'm not going to bother

>>26176640
>>26176770
Wait till wageslaving for 40 years literally rewires all the neurons in your brain. Then bitch about boomers. Every smug pup think they know better, but you don't. Life will fuck you up soon enough

>>26176572
Sure, taxes exist so city officials could hire their friends to install benches, $150k at a time, or pay for schools... Except later teachers have to pitch in their money to buy kids supplies, and schools accept donations, cuz "somehow" all the moneys are gone. Oh, I know! Last year was even more hilarious than usual. Wonderful story time! Schools here got a bunch of budget for kids meals. But then covid struck, so all the kids school online from home. But they wouldn't dare to not spend the budget, so schools kept buying a bunch of food. (Mind you the shittiest, prepackaged, maximum-diabetes food). And then hand it out to anyone everyone who comes, like 5 portions at a time cuz even that wasn't enough - food was still expiring way faster. But god forbid these FUCKS save some for the next year, and reduce taxes or some shit. I hate morons like you so much

>>26178614
meanwhile in the time it took you to shitpost at me you could have economized your time better and learned why your poor ass will never own a home

>>26179865
That silly anecdote has nothing to do with the problem except proves the allocation of whatever podunk school near you is a little off. Cope harder idiot boy

>>26163884
until every last middle class debtslave is priced out. you will truly own nothing, and you WILL be happy.

>>26179256
Yes you own your home. So what that if you miss a trifling recurring payment that you'll lose it?

>>26180129
>a little off
Who's really coping here? The only purpose government employees have is to blow through budget as fast as possible, with zero remorse, consideration, and almost zero accountability.
Congressman using your money to buy stream games? Pardoned! Senators using insider info to kill it on the market? Who's even going to touch them? Your a peasant only good to fill the coffers for your lords

>>26167060
It’s probably cheaper to build out of lumber not to mention much more modular

>>26168523
imagine taking on a $500k plus liability to not be priced out of the market
when remote work takes off properly hopefully people will leave cities for the countryside and help depress the market a bit
>>26168307
10/10 would buy, any decent company but spacex related would be amazing
>solar roofs, reserve batteries, starlink, water supply neccesary, but off grid otherwise
could be good prep work for the mars settlement to optimise low cost value housing that can be built quickly

this ghetto castle can be yours for only 15k
Owners are trying quick sell but i saw it on the city tax auction list.
Pay the tax and its yours
Not exactly a nice area but its also not a completely unpopulated area either.

>>26180666
Since you like to act like a child I will treat you like a child. Let's just say the money supply stops tomorrow.

What then? What will you do then. What value can you produce?

>>26181054
This is probably one of those israeli slum properties unironically. So many Israeli companies doing this in burger cities. Mold and roaches and rats, they don't do anything just collect rent from the gibs collectors. Poor niggers, it's actually one of the more oven-worthy things jews have done in recent years.

The only thing that will do it is if interest rates rise. But interest rates won’t rise because that will collapse everything as we know it. The fed has backed themselves into a corner, they obviously know that QE is going to become less and less effective and there’s only so much they can do to bullshit inflation numbers.

I really don’t think housing will become more affordable anytime soon. Too many changes have happened over the last several decades and the impacts they’ve had simply cannot be reversed without causing catastrophic damage. And the one thing they don’t want to happen is angry plebs. The fed attempts to balance things perfectly such that the pleb can barely make ends meet, yet the pleb is still deluded into thinking he’s participating in a fair game. The average Joe is absolutely fucked. Some of us will make it because we’re taking some big risks that will pay off, but the average Joe isn’t doing that. The average Joe thinks his wage slave job will get him a house one day. That ship is sailing away and will never come back.

>>26181054
>only 15k
That's not 20% down there bucko, maybe you are part of the problem eh?

>>26163884
how the fuck are you supposed to plan for life when your tax goes up 34% in a year. Fucking jews.

This could be more to do with location. That area of town could have been methville in 2009 but could be completely different now.

>>26178667
The government. Evictions and foreclosures will be illegal for at least a few years.

>>26180610
Almost nobody goes into foreclosure for missed tax payments despite paying off their mortgage. On a monthly basis a typical single family house after homestead exemption is applied would be a hundred or so dollars. Cope harder rentfaggot.

>>26177559
>lumber prices
Why don't they ever build houses out of stone? It's very uncommon but I like them the most and stone is virtually unlimited

>>26163884
probably Thursday or Friday desu. BTC too

Why own now If you can rent and wait until the housing market crashes again. Sure it may (((never))) crash, but in that case whats the point of buying a tiny home for 1m dollarinos

>>26173156
I actually did that first one. Went to a staffing agency, filled out their bullshit application, walked out with a $15/hour job at a bakery in 20 minutes. Easiest thing I’d ever done.

>>26176954
People like you are the reason we all have to give our income away to Israel and the majority of the countries around the world over and over.
Yes, taxes have steep historical precedent, but if you're going to pretend some taxes are justified and not others, it's going to be pretty clear that people like you are indeed the reason we're all in this mess.

Figure out how the government supported itself before the 1900s.

>>26176623
>just buy a house
kek

>>26176640
Oh, the Loxist's favorite generation!

>>26175262
>just toil, goyim!

>>26177704
>its a bunch of white Trump drug addicts.
How did you even find this place, little guy?

>>26180129
It's hilarious that people like you don't see gross misappropriation of funds as anything more than coincidence.

>>26178817
>inflation is flatlining bro, we need to keep rates low otherwise the economy might implode.

>>26168523
>everyone at my fortune 500 corporate wagecuck job is fomo'ing into the housing market right now.
I would call them stupid, but at the same time, our government literally encourages this level or moronic thinking. If you don't abuse the system the Feds have created for the ultra 1%ers you are literally just fucking yourself over for no reason.

It's very area and price range dependent. I've been looking at homes outside of Boston in suburbs like Brookline where you can sell a 400k house with a quarter acre for 2 million. 2 houses were on the market for almost a year and they had their price dropped by about 100k each. The listing were eventually removed but the houses did not sell and the owners seem to be biding their time until the pandemic "officially" ends

>>26184197
>Yes, taxes have steep historical precedent, but if you're going to pretend >some taxes are justified and not others,
Uhh yes? What you think there should just be one magical tax that pays for everything? Are you as stupid as I think you are?
>Figure out how the government supported itself before the 1900s.
It sold some bonds and people invested in them. They also plundered lesser thans. This is risky and unsustainable long term because the government can go bankrupt and have trouble paying out those bonds. Like what happened in the early 1900s

>>26163884
literally never because boomers

so never unless boomers die and immigration stop completely

>>26167902
you can't make more money than a 3rd worlder? pathetic

>>26184745
Yeah, I don't really know what the hell I was saying there...
But, the correct answer was sales tax on things like alcohol and tobacco (I want to say hemp too...), as well as tariffs.

>>26163884
Yes. When robots take all the jobs people won't have money and UBI will start. Fixed income ubies and retirement boomers will move to lower real estate markets.

>>26176501
What I'm afraid of is only wealthy people will be able to afford houses and the only non-wealthy people who will own them will have been given them via inheritance and then the non-home owning non-wealthies will chimp at the inherited house poors and laws will be passed to limit inheritance and by then only mega wealthy people will own and be allowed to own property and then we eating bugs. Bye bye middle class!

We can't possible have much more than five or ten years of the boomer plague on the housing market... right?

>>26169126
It's real.
>dad bought house for $150,000 in 2007
>it's now worth $550k
It could be worth even more if he finished redoing a bunch of rooms. That $550k estimate was with an entire 20'x12' room being gutted and exposed insulation, and ripped up floors. Easily worth $600k or more.

>>26185336
The boomers will live for another 20-40 years.

In the meantime you could buy this beauty:
https://www.zillow.com/homedetails/2903-Montgomery-St-Detroit-MI-48206/2079547569_zpid/

>>26185594
>Detroit
top kek
But, nah, I feel like 10 years is our max window.

>>26185451
My parents bought a house for 300k in 2000 and had it paid off in less than 20y, probably worth mid 600s now

>>26182418
Wait, did communism arrive and nobody told me?

>>26185682
You laugh but that property is going to be worth at least $10 million dollars by 2030. All you need to do is pull yourself up by your bootstraps and repair it.

>>26163884
When COVID-19 ends, the markets will crash in a month of so.

>>26185772
Yeah, dipshit, in 1913

>>26167384
USA has a lot of earthquakes. I dont want that shit falling on my head next time the ground shakes. Haiti got absolutely fucked from this.

>>26163884
Imagine having an issue with 250,000

Reminder.

>>26185800
Why in the fucking fuck would I do that when I can go full autist neet and roll my eyes over page after page of mud to find gems that can make me six figures a year with ease?

Property depreciates a bit too much for me to hold any long term.
I'm better off sticking to my strengths (analysis, mostly) and mining gems until I have the liquid to divest out in to maybe a couple of rentals which I can deploy in areas that have super low property tax like Nevada. Even then, I might only keep any multiples for like ten years while I see how crypto shakes out, which I then plan to consolidate back in to Bitcoin, considering its inherent lack of depreciation.

My plan is to hold two properties past a ten year window, which I'd certainly reassess along the way, especially if the bubble pops.
I'm not going to go toil like a fucking goyim just because your dad and you grandfather fooled themselves in to slaving for the slavers.

Trade your toil for dross at your own peril.

>>26186033
Reminder that billionaires are the biggest job creators and have unleashed a wave of prosperity across America.

>>26185851
That means we are waiting 2 years.

>>26163884
That’s cheap compare to Los Angles lol....that would be a $750,000+ house here

>>26186125
Reminder billionaires are the one pushing for more immigration in order to drive down wages across the board so they don't have to pay their workers as much as they should.

>>26186201
Like I said, a wave of prosperity across America. The more people, the larger the economy.

>>26182662
Transportation costs

>>26176724
That sounds pretty good. Soviet Union did that and the cost of living was cheap as fuck.

>>26186033
>>26186125
This has nothing to do with what was said. Also the study disproves the 'tax cuts good' claim outright. Libertarians seethe at this information.
http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf

>>26186324

>>26186474
That's verbal violence on your part.

>>26186324
Huge cope. The more people, the higher the rent and the higher the real estate prices go. More people competing for shittier and shittier jobs too.

>infinity mexicans with infinity housing subsidies
>infinity (((landlords))) with infinite 0%apr backing
>infinity chinese/poos vying to join the landlord class
>infinity dollarydoos being printed to ensure the music never stops
Real estate prices will literally never crash

>>26186821
Higher real estate = increased wealth
Job competition = labor market efficiency

>>26186840
housing will be free when society collapses and 4-7 billion people die

>>26186943
Based psychopath

>crash
Should we tell him?

>>26169968
They're not doing the same shit and now there's literally 40% more dollars in the market. Even if we crash it's going to go down like what, 20%? It's over for rent cucks.

>>26187649
>tfw Zoomers didnt BTFD

>>26173012
224k for something a 5 year old can build in minecraft jesus christ...

>>26169349
sounds like Singapore probably

>>26185917
Well, that was over there, I'm talking about here, comrade.

It's not coming down....the money printer has gone brrr more than a sub-saharan african transported to Siberia. Find something el cheapo rurally or get an RV or something. Just stay out of debt. Otherwise you're a cuck.

https://www.youtube.com/watch?v=iEIwhmFp6Mc

>>26173220
http://danielamerman.com/va/GHratio.html

>>26188923
Also http://pricedingold.com/us-home-prices/
Problem is /pmg/ asserts that pm prices are impacted by speculative gambling, futures, banks fucking with it for their own gains, etc. So this graph only makes sense long term. Gold price has not really reflected all the fiat printing, or it was already "priced in" earlier... Anyhow, take the chart with a grain of salt

>>26173012
kekked

>>26176238
that pic has natural clouds you dumb europoid
but yes they do spray chemtrails, and they look like picrel

>>26173012
>townhouse
>HOA fees, shjared walls, shared gravel yard, annoying neighbors, etc.

Hard pass

>>26173223

>>26167060
It's not the construction cost. It never is.
You could knock down these example shitty expensive homes and build some much nicer condos fairly cheaply using conventional construction techniques, which would spread the land cost over more units, making them individually much cheaper. You get smaller or no yard, but that's the progression of a place getting more in demand, normally. They densify.
Good luck doing any such thing at a profit, though, after dealing with an army of angry boomers who think any new construction is going to destroy the character of their neighborhood full of quarter-million-dollar 1940s cardboard shacks.

>>26186125
billionaire defenders should be summarily executed along with their families. cheers all the best, god bless.