/biz/ - Business & Finance

I'm avoiding the whole USA boomer real estate scam by moving to a cheap country with my crypto gains.

There is nothing inherently special about the physical united states. The ideas and way of life were the real magic

>>27560502
>It all raised despite printing trillions of dollars
>despite

>>27560643
>I'm avoiding the whole USA boomer real estate scam by moving to a cheap country with my crypto gains.

I want to do this too but then you get fucked by private health insurers and you'll never have citizenship and a true place to call home.

>>27560502
Pfft, stop whining you little US punks. Try living in Canada. A 1 bedroom condo is 15x the median annual salary. A detached house is about 30x. You nigs have life on easy mode.

take the house you want op.

>>27560502
I think there might be cheapies soon.

>>27560860
Except if you move to Asia healthcare is cheap as hell because you don't have to pay for 10x fat diabetic idiots for each healthy person.
If you are the fat diabetic then you're going to pay out the ass

>>27560502
>It all raised despite printing trillions of dollars

That's WHY it raised you retard. More dollars chasing the same asset = price inflation.

>>27560864
Why is leaf land like this?

>>27560502
Prices have gone to because of
1. Lower rates
2. Forbearance has removed supply from the market. How can prices be rising when there is mass employment loss? If people who lose their job don't have to sell. Forbearance extended until March 2021 and you know Biden will perma extend forbearance and eviction again.
Forbearance means no one has to pay a dime and has no risk of losing their home.
So no one is forced to sell = no supply = rising prices

>>27561040
I wanted to move to Indonesia but they require that you give up your US citizenship and they also require you speak the native language that natives don't even bother speaking themselves (Bahasa).
What's on your list?
>>27560984
Elaborate pls
>>27560864
That's because you guys never crashed in 2008 and yours is still inevitable.

>>27560502
When will you fools understand markets never make sense? It's all based on fear

>>27560860
>then you get fucked by private health insurers
Huh? Isn't the US the worst place in the world in terms of this? I get great insurance through my big tech employer, but if I quit to start a business I'm on the hook for probably $1k/month (I'm esitmating)

You know health insurance and care is largely cheap outside of the US right? Where I'm going would be as little as $1k PER YEAR

>>27560860
>you'll never have citizenship and a true place to call home.
I'm also confused here. I'm getting Italian citizenship through birthright and you can get residency and citizenship in many countries simply by having cash.

>>27561209
For a residence permit they require that? If you have money and want to retire you could get a residence permit in somewhere like Thailand, Malaysia. I am still working so looking at Taiwan and Singapore. I would not give up US citizenship to be a citizen of a Muslim nation as I am not Muslim.

>>27561175

Chink speculators.

>>27560502
Don’t forget homes in high demand areas are selling for 5-15% more than listing price.

>>27561175
chinks and arabs they buy up all of our real estate and it just sits there un occupied lol

Also so they can tax shelter their money

>>27560502
Just wait until Biden spurs demand by giving out free 15k tax credits for down payments when the boom is driven entirely by a lack of supply.

>>27561040
As OP said nothing about America makes sense.

>>27560864
Vancouver and Toronto doesn’t encapsulate all of Canada any more than LA and NY are representative of the USA

Buy a crackpipe and a parka and move to Edmonton already ya pussy

>>27560502
There’s no new inventory

>>27560502
houses are an investment for the wealthy chinese investors. poor people and the middle class get to live in dogshit apartments.

>>27561175
foreign investments and volatile immigration.

>>27560643
Actually the US does have some of the best geographic in the world in terms of farming, defense, variety.

>>27560502
Money printer go brrrrrrrrrr
It's called inflation.
Do you have any idea how much money they pumped into the system? It's fucking retarded.

>>27561955
nigger I live in what was considered the cheapest city in all of canada, windsor, and prices have skyrocket so much in just the last 2 years alone that if I was to move out and back into my exact apartment I rented 3 years ago, my rent would go up $400/month.

>>27561895
>ree 15k tax credits for down payments
oh my jesus

>>27560502
because keynes is just as big of a faggot nigger retard as marx

>>27560502
>It all raised despite printing trillions of dollars
It all raised because printing trillions of dollars

>>27560502

Yeah I’m about to buy a house. Housing prices will never, ever go down and if they do just buy the dip because like stocks they go up forever

>>27562088
Fucking checked ID and digits, terribly true

Yeah boomer house prices are out of control, these greasy boomerkikes trying to drop their real estate bag on younger people just starting out tryin to buy a family home. I am in a very rural area in the upper midwest and you have literal niggershacks 2000 sq feet these boomerkikes are selling for 350k.

>>27562175
>Actually the US does have some of the best geographic in the world in terms of farming, defense, variety.
Decent points, but I'll offer the alternative view

1. Farming quality will only matter in terms of a food shortage, which I honestly don't expect. As long as you (or the farmers you depend on) have enough quality land, there is not a huge need to have even more. Perhaps you could enlighten my analysis here.
2. Probably the best point of the 3 is defense. My main concern is if we really expect the physical land of the united states to be useful in a WWIII scenario? I'd even argue that the current/next world war will be one of information and tearing your opponent apart from the inside. You can already see it happening. We aren't going to be defending the beaches

3. A place like vietnam has mountains, beaches, cities, warm and cool. How many are truly out experiencing the variety? Also, could this not be accomplished with a road trip of the US or a series if tourist visits? What's the advantage of living here for the variety when you may mostly be working and variety does exist elsewhere in sufficient quantity to fulfill travel desires

Something distasteful about being a 350k per year salary earner (I'm a doctor) and being the bail-out plan for scummy boomers

>>27562320

Why do you even want to be in a city. There's no advantage at this point.

>>27560502
Inflation, pretty much it. You have to understand that when money is printed it doesn't go evenly to all things.
Say if you start getting paid double, are you going to buy double the amount of bread? So some things don't change much price despite money printing(and government's official inflation rates are always based on those).
Now houses...well, if people get extra money, investing in real state is always a safe goto. So it gets inflated a lot

>>27562765

Vietnam keeps coming up in these threads, could a 32 year old boomer with a bachelors degree find decent employment in a place like Nam?

>>27560502
>It all raised despite printing trillions of dollars
>despite

>>27562946
>Vietnam keeps coming up in these threads,
Probably because I advocate for it so much lol, but others do talk about it

Zero ongoing property taxes. You can buy a condo and your only ongoing fee is management and utilities. If you get married or become a citizen some other way, you can buy land. The women are extremely based.

You can get $20-25 english "teaching" jobs all day in vietnam with a bachelor's and an english speaking country passport. I've heard being white is a job there. Also tons of room for entrepreneurship. It's becoming a hub for that

If you define "decent", I can give more specific advice. You're maninly looking at ESL, online work, or your own biz

>>27560643
>cheap country
Which euro country is the best for this? Would like to take my early retirement to a place where I could live like a king and being able to drive around the EU seems pretty fun.

>>27562088
I don't believe this. Who is managing these properties?

>>27560643
>way of life were the real magic
It was shit and wasteful after ww2

>>27560643
This. People think I'm crazy for even considering this.

>>27563871
>It was shit and wasteful after ww2
I'm talking about American Revolution era American ideals

>>27563874
>This. People think I'm crazy for even considering this.
You're literally going to save yourself years of wasteful effort by avoiding: housing costs, living costs, and taxes within the US

>>27563565
>Which euro country is the best for this?
I'm not an expert on scouting out Europe (haven't really done it). It just doesn't appeal to me. I'm a southeast asia guy

I know people dig Poland, Belarus, maybe Ukraine, Russia itself, Serbia.
Read here or a similar type of source for more info: https://nomadlist.com/

>60k savings
>only make $30k/year after taxes
>mom kicking me out in a month
Do I rentcuck or actually get a house? Keep in mind I live in New Jersey, so everything is gratuitously overpriced.

Low interest rates mean mortgages are cheap.

Buy the homebuilders if you don't want or can't afford a house

>>27564724
If housing prices in NJ are where I think you are, you can't afford it. Like not even close

You should rent a room, which is cheapest form of living one can do without-in my opinion-major tradeoffs

>>27563185
you know much about Cambodia?

>>27562529
Most underrated comment on /biz/

>>27564982
>you know much about Cambodia?
All I know is that it would be even cheaper than Vietnam.
Level of pricing and development would be Thailand > Vietnam > Cambodia

I'd go to Cambodia if I wanted rock bottom pricing and played PUBG on an expat server with a kid taking some time off there

For research, I'd youtube "life in cambodia". Maybe even look up "no joke howard"; he ended up leaving Cambodia for Mexico and dying from allegedly cocaine, but he has some...honest takes of Cambodia.

Never personally been to Cambodia, but I want to. Been to Vietnam x2, thailand x5+, philippines x2, southern taiwan x2, korea, hong kong, macau, malaysia (minimal scouting done here). Vietnam and Taiwan would be my top 2 picks for overall living.

>>27565363
I ask because I went there years ago as a teenager on a kind of work program and was curious about the inside scoop. Angkor Wat and the surrounding temples are definitely worth a visit.
>"no joke howard"
hm will do

>>27565363
Shit. If I end up in Vietnam with my wife, I'm gonna regret ever getting married. Temptation might be too much.

>>27565765
>Shit. If I end up in Vietnam with my wife, I'm gonna regret ever getting married
It also basically precludes you from owning land and a house, as you ostensibly wouldn't be meeting a vietnamese wife. You could buy youself a condo and hold land elsewhere if you MUST be a landowner (a valid preference) though.

Vietnam is pretty tight yo. Speech limited in terms of talking about the gov't to the gov't, but you can do whatever else you want

>>27566052
I play a lot of vidya so latency would be the killer for me. Don't know what I'm going to do bros. Mainland US sucks, Puerto Rico is fucked. Europe is pozzed, Greenland sucks and Iceland is too expensive.

>>27560860
Honestly who gives a shit about health insurance? Only reason I'd even bother with it is if I had kids.
You can avoid 99.99% of issues by not being an unhealthy fat fuck.

>b-b-but what if you have an accident like a car crash?!?!
Don't be a moron and keep money saved away for emergencies. Compare the potential cost of a black swan event like getting seriously injured in an accident compared to the known cost of paying out the ass for private health insurance premiums (and then paying out the ass for the hospital visit anyway). You still win overall. Insurance is just gambling with a huge house edge.

and MOST IMPORTANTLY, when it comes to severe traumatic shit like what you go to the emergency department for, they're going to treat you regardless of whether you have insurance or not. And you can always just give a fake name and then walk out without ever paying a dime. It's what spics do all the fucking time.

I'm in socal and I'm seeing one bedroom apartments go for $2000 a month. Most complexes have a lot of empty apartments but they refuse to lower the price. And if course no one can be kicked out into the street until at least like July. There has to be a moment of reckoning soon, right? People can't afford this shit.

>>27566303
>I play a lot of vidya so latency would be the killer for me. Don't know what I'm going to do bros.
2 recommendations: drop the vidya addiction and turn real life and your business into your game OR play with australians, other expats, locals, etc. Instead of trading on the grand exchange, trade on a real life exchange.
https://www.youtube.com/watch?v=d7tiuyBeXhc

Are you going to work extra years of your life so you can play video games on NA servers?

>>27563565
Wait until Scotland votes for independence and implodes. It already has the cheapest house prices in the UK

>>27563619
nobody, the things are either empty, or rented out to chinese students.

>>27561209
God I hate pretentious shit like this. Perma traveling and laying down no roots is some peter pan garbage. fading in and out of consciousness floating between cultures that can't possibly engage with beyond some surface level dancing and party culture is such a depressing existence. No building anything, no legacy, no identity, just so many orifices and nerve endings.

Are you guys MGTOWs? Hard to buy a house as a single person. I’m trying to make it work.

>>27566303
I recommend muay thai, bjj, or some other form of martial art as a replacement. They're a thinking man's sport in all honesty. I got involved and I'm hooked

>>27562842
windsor barely qualifies as a city, it's fucking tiny. where the fuck am I supposed to go? I can't afford both a car and a place to live; shit is too fucking expensive.

>>27560502
no one tell him about interest rates

>>27566619
and what would you say the american culture is? what roots are you laying and how are you engaging with modern US culture?

America is an idea that has spread globally to high IQ people btw

inflation + low interest rate double whammy. Interest rates ridiculously row create a new price floor for houses. As long as those hold that will maintain the buffer created this past year. People buy based on their monthly payment, not the home price.

>>27566657
>Are you guys MGTOWs?
I'm not virginTOW, but I take the good stuff from their philosophy

>>27560502
Cause it won't crash. It going to trillion and trillion of dollars. Just buy now or cry later.

>>27560502
Foreigners can purchase property. Unlimited demand

just befriend a dying boomer and when they go just claim their house as yours. Make sure to piss on the hardfloor and dont clean it, thats how you mark your territory.

Life is yours if you manipulate hard enuff

>>27566657
>MGTOWs
Also, move to Taiwan and you'll forget that feminism/MGTOW shit even existed lol

>>27566853
>Foreigners can purchase property. Unlimited demand
Right. What other country allows their people to get so cucked? If you try to buy land in Thailand, they would tell you to get fucked

Whatever you yanks do. Stay away from western europe. Our housing crisis isn't ending anytime soon. We are fucking in rent and buying.

>>27565363
>Never personally been to Cambodia, but I want to. Been to Vietnam x2, thailand x5+, philippines x2, southern taiwan x2, korea, hong kong, macau, malaysia (minimal scouting done here). Vietnam and Taiwan would be my top 2 picks for overall living.


Soon cheap areas like Thailand and Vietnam will skyrocket to trillion dollars too. Then food prices will skyrocket to the point where we will eat bugs. While the rich have the good food.

>>27567060
I mean fucked* kek

>>27566950

the throne of global commercial capitalism

>>27564724
That sucks... NJ is tough right now. what general area?

>>27560502
too many regulations by the time you can build a house you pay for shit ton more things just due to bs inspections.

I'm so tired of my overcrowded European urban sprawl. All I dream of is running off to Canada and spending my life hiking and exploring the wilderness but those fucking Chinese investors have ruined everything for me. Calgary seems reasonable at least, can any leafniggers redpill me on Calgary?

>>27560502
you just said the answer anon. money printing, cheap fucking loans from low interest, leading to asset bubbles. Wages don't go up as they're a cost center for business, and they're not borrowing to buy consumer staples, so food & clothing won't go up quite as fast (but will still outpace any wage increases)

>meanwhile in Australia the government let people raid their super (401k) giving couples up to 40k extra which is all been dumped into housing
Its so fucked here bros, I see no future. Also everything is getting so expensive from petrol to food.

>>27564756
That and everyone knows hyperinflation is coming as soon as the BRRR'd money starts trickling down from investments and into the real economy, causing huge FOMO to get into hard assets.

>>27560502
just live with your parents until the next depression then buy multiple houses without getting a mortgage.
Cheaper rent, you pay for less food, you can help them to upgrade the house and make it bigger/better
This is what everyone in California needs to do unironically.
Im Mexican so I can claim to be very attached to my family and "looking out for them whenever they need help" so I don't look like a loser and anyone who claims otherwise will look bad

>>27566540
They're rigging the market anon. Tens of millions of people lost their jobs and the already unaffordable housing market went up 15%, 7% higher than it raises during a normal year. How the fuck does that make any goddamn sense?

>>27566706
>muh interest rates
Gee whizz I'm glad I am only accruing 2% of interest annually on a thirty year mortgage on a $300,000 home in the middle of nowhere with absolutely zero industry.

>>27567452
Hope you're some shade of brown because you ain't getting into Canada whiteboi

>>27567897
Oz has so much empty space, why can't you just buy a cheap patch of dust and build your dream home on the outskirts of a city?

What are some dividend REITs where the stock price is almost only correlated with rental income?

>>27560502
Max Keiser says the reason house prices are going through the roof is inflation of the dollar.
They have been blaming over population and a lack of housing on the problem. There has been a big reduction of immigration in 2020 due to Covid, so they cant blame that anymore.

>>27568225
You can, but those places are cheap, relative to the prices of houses in the suburbs.

Outskirt new estates (1.5 hours from the city) are bout $450-650k.

Normal suburbs are $1m to 1.5m.

Inner-city suburbs are $2m+

>>27560502
It will crash within the next ten years. Booming housing markets are highly dependent on demographics. Younger people aren't having enough kids to sustain price levels where they are at, and a broad market sweep shows that many homes are built too large for most modern families. The problem is, though, is that they have to be built large in order to be worth the cost of constructing them. Between permits, 50 different contractors that all want their cut of the build, lumber, concrete, steel, finishing, inspection fees, listing fees, and sale commission fees, it all adds up and builders only take so much.

I only see one thing happening in the next ten years: small single family homes will stay elevated while larger homes plummet in price as demand slumps (yet again) because no one can afford the down payments to take advantage of the criminally low interest rates and payments, rents will shrivel as highly leveraged landlords can't get people in their houses, and markets will implode.

At least, THEY WOULD IF THE FED WOULDN'T STEP IN TO BUY MORTGAGES. But they will. And they will continue to sell the the idea that immigrants are welcome in our country, when in reality the government desperately needs them to hold their McMansion bags as boomers die off and houses continue to be left empty because its literally too expensive to foreclose on them.

Don't believe me? Look at Japan. Extremely low rates of immigration, aging population, and anemic population growth. Their housing is cheap as fuck because of it. They literally had to totally revamp their zoning laws and housing regulations to avoid a real estate collapse, and it's never fully recovered.

Anyone saying real estate only goes up has no idea how macro plays into it and is a salesmen. Yes, rates are low, but if you're a little more patient, boomers will die and the government will have to either own the real estate market or deregulate to stimulate growth for a population that can't afford babies.

>>27568074
It's really a shame there's a huge stigma in America about living with your parents. The idea that everyone needs to immediately run out and get an apartment or house right out of college (or even fucking highschool) is utterly ridiculous and just puts people in a huge debt trap that they can never claw out of. It makes no sense to pay out the ass for your own place if you're still in the same area as your parents. The whole thing is just a jewish scam to get you to waste thousands of dollars extra for rent.

I know beaners and pajeets have an easier time with this, because their cultures aren't as cucked when it comes to this issue.

>>27568225
>>27568388
Oh and also, the outskirt areas are seeing price increases a lot since covid, because many people who were/are renting closer to the city moved out to buy a house due to FOMO with all the government grants now giving people more money to buy

The American dollar got fucked. Instead of 4% inflation rate, it's 16% inflation rate.

>>27568427
>It will crash within the next ten years. Booming housing markets are highly dependent on demographics. Younger people aren't having enough kids to sustain price levels where they are at

.....you seem to be forgetting that western nations are mass importing people middle-class workers from India and China who are having kids and who will fill those houses....

I mean for fuck sake, the only reason property is even skyrocketing in Australia over the last 10 years is because of the mass immigration of Chinese and Indians.

Just because whites aren't having kids doesn't mean anything, because the demographics are being imported to boost the demand for housing.

>>27566303
>hi I'm Betty, I'm willing to give up my kid for a rich man
Oof

>>27568525
I would have so much fucking money if my parrents didn't kick me out on minimum wage

>>27568699
Read the rest of my post.

>>27560502
if the appreciation houses exceeds your APY on investments, then people are gonna be fucked and homeless, or there will be a crash.

>>27566540
>they refuse to lower the price
Because everyone already under lease would want a discount if the prices dropped. They have to run the numbers to see if it makes sense.
If they are going to lose $300/month from 20 people (6000) while only attracting 2 new tenants (3400 at the new 1700 price x 2) that's a loss for the apartment complex

>>27568926
That's the really fucked up part. I could never imagine my parents kicking me out when in my late teens or early twenties (assuming I didn't do anything fucked up or criminal or whatever). Yet there are boomer parents who do that shit. Yeah, let's kick out our 19 year old highschool graduate son out on the street despite the fact that all he has is a job at the grocery store pushing carts for minimum wage. Because hurr durr when I was his age in the 70s or 80s, that's what I did.

But even if your parents don't kick you out, there's still the stigma among your peers. That's the real insidious aspect of all this. It's akin to how the diamond monopoly is complete bullshit and diamond rings are a scam, but you're still forced to buy one for your fiancee or else she'll feel embarrassed/ashamed when she has no gaudy diamond to show off to her friends on social media. Even if she's fully aware that it's a scam. So the whole system is built in a way to force you to kneel anyway.

>>27567081
>Soon cheap areas like Thailand and Vietnam will skyrocket to trillion dollars too.
Exactly why I'm buying a place and beginning to do business lmao. I'm going to be an owner

>>27568110
>Tens of millions of people lost their jobs and the already unaffordable housing market went up 15%, 7% higher than it raises during a normal year. How the fuck does that make any goddamn sense?
It's like what happened with gas prices in the mid-2000s. Housing, like fuel, is a need. Not a want. Jack the price up, and people will still be forced to play ball and pay, because they need a roof over their heads. Eventually there's some kind of breaking point, but for the most part you can end up squeezing everyone fucking dry for housing/rent/mortgage/etc

>>27569282
>That's the real insidious aspect of all this. It's akin to how the diamond monopoly is complete bullshit and diamond rings are a scam, but you're still forced to buy one for your fiancee or else she'll feel embarrassed
Literally just buy a cubic zarconia and lie. The only way she'll ever find out is if you break up, she refused to return it and then later tries to pawn it at which point the sheer embarrassment and seethe she will feel will make it more valuable than any diamond

>>27568542

ROFL. haha it went parabolic like a bitcoin.

>>27569710
I know, I was just using it as an analogy. Point is the social stigma of multi-generational housing causing people who know that renting on your own is a scam to fall for the scam anyway.

>>27569710
I actually used the whole wedding ring thing as a litmus test. Bought her some shit for $20 off Aliexpress, showed her the link, she laughed and we got married. If she was a bitch about it, I would've broke off the engagement.

>>27568926
>, aging population, and anemic population growth. Their housing is cheap as fuck because of it. They literally had to totally revamp their zoning laws and housing regulations to avoid a real estate collapse, and it's never fully recovered.
You know what I noticed about asian families, they make it because the parent will look for their kids well after college so they can get a leg up

>>27560502
My house doubled in price in 5 years
That's definitely sustainable

>>27570078
Its not just that, Asians have a culture of saving, Whites have a culture of spending.

My house was delivered by a tractor trailer and is valued at $600k

Cope, poorfags

>>27569967
how's gay marriage going, ma'am?

>>27560502
Stocks are high and interest rates are low

Just go buy a house in the Rio grande valley and live a cheap life

>>27570365
>Rio grande valley
Rio Grande Pill us. Why should someone move there?

>>27570078
May have something to do with it.
>>27570192
Is retarded and needs to read some charts.

>>27560502
If housing collapses the debt bubble collapses which would be catastrophic because it would trigger a runaway deflationary crisis.

>>27570759
>May have something to do with it.
Knew one chinese girl whose parents bought her an apartment for college, but that isn't data. I'm sure plenty of white pople get this shit too

>>27569282
My parents did it because they wanted to "teach me a lesson" and their millionaire friend did it to their kid not realising their kid already has an insane safety net and capital already in the bank. I told them all of this but they didn't listen. I also agressively told them about bitcoin at $10 when I was 13ish but they didn't then either. Some how they were surprised when I lost two years of my life wage slaving while losing more than I earned just due to rent. At least NEET bucks gave me more than I made slaving away during covid. Too bad I gambled half of it on GME to get me out of this hell.
JUST

>>27570735
Southern Texas is hot as fuck. Wouldn't wish that on anybody.

It'll be fucked up until agenda 21/agenda 30 rewilding of nature occurs and the masses are shepherded into the smart city deenz can micro-apartments
https://www.youtube.com/watch?v=PyMKiy53xTU

>>27568427

japan has cheap housing for many reasons including that they believe in ghosts

>>27570962
>My parents did it because they wanted to "teach me a lesson" and their millionaire friend did it to their kid not realising their kid already has an insane safety net and capital already in the bank. I told them all of this but they didn't listen. I also agressively told them about bitcoin at $10 when I was 13ish but they didn't then either. Some how they were surprised when I lost two years of my life wage slaving while losing more than I earned just due to rent. At least NEET bucks gave me more than I made slaving away during covid. Too bad I gambled half of it on GME to get me out of this hell.

The collapse would be amazing to watch.

>>27560502
Housing is used as a way to funnel tax free money from global markets.
/thread

>>27570962
That's true, but it's also why the Plunge Protection Team will never ever let bobos have their day in the housing market. The government will pull out every single stop to ensure that the housing market never collapses. They would do things that completely destroy every other aspect of american life and the economy, so long as housing prices only go up.

>>27560502
It makes perfect sense but you have to look at the inflation and interest factored in cost of a mortgage, not the price real estate is listed for. Interest rates as low as they are now makes a bigger difference than you think since you end up paying for that listed price multiple additional times over if you buy at some point earlier in the past when interest rates were several times higher.

>>27560502
The thing is, people need a place to live. The longer you are in the market, the more you ride with it up. You just have to get in smartly. Buy cheapest in ok neighborhood and sell in 5 to 10 and upgrade. Stay away from HOA, PMI and fix it up with some elbow grease. Start in a trailer park. Somewhere. It's no different than any other market.

>>27571493
especially when you own a home and sleep on a comfy bed.

>>27560502
institutional demand from rental investors is driving prices higher. it's not just retail competing with retail to buy houses, it's retail competing with small local landlords competing with large local landlords competing with institutional landlords. a lot of institutional capital chasing returns has been pushed into the space.

>>27568427
tokyo is one of the most expensive real estate market in the world.
housing is cheap in rural japan only, just like its cheap in any area in the developed world.

>>27572170
I have nothing against mobile homes but you mentioned selling in five to ten years to upgrade and I don't think that plan has a good chance of working if you get a trailer since those depreciate in value over time like cars, and unlike a typical single family house with a foundation which can appreciate a lot.

>>27563619
third party property management company

>>27571332
>they believe in ghosts
Superstition isn't a factor. Japanese houses typical do not receive any regulatory designations, such as historic landmark status, by simply being old. The vast majority of housing in Japan was built in the 80's onward, and many homes that would be left dilapidated after old owners pass are torn down to build newer, more modern homes while the bodies are practically still warm. You can verify this with a simple google search. The deregulated market allows builders to enter cheaply, as well, allowing old homes to be reclaimed and recouped quickly. The only problem is that there is no market for new homes because there is a massive oversupply and new constructions are typically done by families that inherited an old home and want something newer.

>>27560502
immigration/zoning/building regulations

>>27566540
no, there won't be a moment of reckoning. jacking up housing prices is like pharma jacking up the price of a drug, people have no choice other than to accept the rent bumps.

>>27565363
Taiwan might get invaded by China in the near future, and I think reunification is inevitable, with or without force

>>27567382
Central Jersey at the moment.

>>27568427
stats say that there is a massive undersupply currently

>>27568427
There is an endless supply of potential immigrants though. They will keep those prices pumped as long as they can drop bombs and proxy war down some poor brown motherfucker's standard of living in their homeland.

>>27566525
Young zoomer taking their health for granted. Clueless.

>>27564982
Combodia is a shithole, I visited a few years ago. Stick with 'nam, Thailand, etc.

>>27572873
So is living in any capital city. You can get a place for less than half of what it would cost in Tokyo if you live in, say, Osaka, or even Yokohama/Chiba if you look hard enough. Don't be retarded.

>>27560502
its easy. 8 years buyers market. 8 years sellers market. Reality has nothing whatsoever to do with it

>>27570192
>Asians have a culture of saving
They have a culture of gambling

>>27560643
I’ve considered Hungary, Poland, Russia and Croatia.

>>27573345
You could do the same thing in the US bt living far away from major cities.
>>27573020
"I have so many payments left on my mortgage" is a cliche anime joke.

>>27563565
European land
Cheap
pick one

>>27573221
Healthcare has done very little to improve health quality. FACT

The big improvements in life expectancy were not because of medicine but because of plumbing and sanitation.

Brush your teeth, exercise 45 min a day, wash your hands. Statistically you will never need any medical treatment and live into your 70's with great health.

This is a statistical fact and is true for more than %80 of the population.

>>27563185
You are misleading you CANNOT OWN property in vietnam as a foreigner you have to marry native viet

>>27560643
must be nice to have no friends

>>27563619
its about the land retard

>>27572841
this

>>27573245
>Combodia is a shithole, I visited a few years ago. Stick with 'nam, Thailand, etc.
I'll go ahead and agree with his wisdom. I just couldn't say firsthand.

Vietnam you can survive on $700/month. That's as low as one should need. You can easily make that by working hard

>>27573551
I have an auto immune disorder and a heart condition. I'm the 20% so I should just die. I don't even know why I'm replying to children though.

>>27560502
>I know seller's market yadda yadda yadda but how much higher can this shit possibly go?
If county governments allow development it stops near immediately.

Local governments are the linch pin. A few conservative communities with pro building philosophy could really upend things.

>>27573562
>must be nice to have no friends
super easy to make friends. I've been moving around losing/making friends for year anyways. Hometown -> college city -> first job -> second job

Every location had people coming and going. People see each other and exist together knowing there is a constant impermanence. That is, even if you stay, other people will be moving on, so you might as well yourself.

That said, I'm going to be settling in Vietnam with 500k+, with the intention of playing long term wealth games with long term people. I'm not just popping in for 1-5 years

>>27574191
>I'm the 20% so I should just die.
no, you just shouldnt move to an area without the healthcare you need.

Not everyone is in your position so they have more freedom.

Being sick is a DISability as in you have LESS ABILITY to do things other people can do.

>>27562804
Relax skro. At least you have the chance to see return of Jesus Christ and 1000 years of chill and peace in your lifetime.
>provided that you’re right with Christ and survive the coming shitstorms
These boomers will not live to see that

>>27568525
Dude all you have to do is say that your mom or dad isn't tech-savy and needs help around the house and until dad can retire you want to take care of her. At the end add that you spend less money and more time with family as a result. Most importantly you are happy.

Anyone who talks shit after this will look bad, even to themselves
You have to use today's environment to your advantage.
Only bring up the money and they will look at you like a bum

>>27560643
>were
Hold me bros.
I didn't want it to go out like this.

>>27568427
This is why they’re flooding Europe with migrants. The elites want cheap workers and their real estate investments to stay afloat. If the population drops naturally they won’t get either.

Seems like everyone is selling their California properties as of late

>>27573200
Kinda of true, but there are a lot of factors for this, but it largely comes down to how difficult it is to build new homes in the US due to draconian building codes and requirements that are heavily dependent on access to motor vehicles preventing more significant "vertical growth". If it weren't for immigration and fed intervention, the real estate market would have unwound in 2008. No one also takes into account owner occupied vs renter occupied. If rentals are mortgaged, it can create busts in cities where renters leave for cheaper locations and shock the market if smaller leveraged landlords can't find renters and have to sell under duress. New York is going through this literally right now, but moratoriums (oh hey, more intervention) are preventing another collapse, as always.
>>27572841
This as well, but this has less to do with supply and more to do with pricing, but this guy gets it.
>>27573492
>away from major city
>implying Osaka isn't a major city
wew
>"I have so many payments left on my mortgage" is a cliche anime joke.
Your point? How is that relevant to my post? I said most new construction is done by families that have had the land titles in their family already. I made no mention of how they finance it. Housing is cheap in Japan, but no one pays for a half a million yen home in cash.

>>27574597
I'd recommend checking out Aaron Clarey and his work, especially "enjoy the decline"

My soliton to housing is to force all boomers out of their homes and into retirement homes. It’s for the good of the economy.

>>27575229
wouldn't fix anything, all the property would be snapped up by rental institutions and foreign investors. what they need to do is put a ban on foreign land ownership.

>>27561764
If there were a way to target these kinds of empty properties I'm all for leading rabbid commies to break in and take over these estates by force, like making homeless shelters out of em and letting squatters with nothing to lose take em
This shit's gotten so out of hand, it's gonna end up an all or nothing take things back by force kind of situation no matter what we do for ourselves as individuals

>>27575351
Then we do rent controls and higher property taxes on non-owner occupied homes. Values will plummet and people who actually want to live in homes can move in. Also fed needs to normalize rates.

>>27575537
unironically a huge portion of this problem would be fixed by banning foreign ownership of residential real estate

>>27575623
I agree with this wholeheartedly, fucking insanity that foreign investors can even buy land here without actually fucking living here, it's gotta stop

>>27575537
Just move in. Our common law has a solution to the absent landlord - adverse possession.

>>27575623
not gonna happen because

>>27575623
>unironically a huge portion of this problem would be fixed by banning foreign ownership of residential real estate
Agreed. All of the rich chinese people (with ill-gotten, exploitative gains mind you) buying properties here...do they let us do this in China? Absolutely not

>>27575229
We should just let rona kill them, fuck it
The only friends I know afraid of the virus are the fat ones who know they'll die too, but in my head I can't deny letting our unhealthy and already dying die out would be a net positive for our society and we're fighting nature trying to stop it

>>27575806
>We should just let rona kill them, fuck it
I've been saying since day zero: boomers have to PAY ME to lockdown. $2000 tax-free/month would be on the low end. I do not care if they die. I want their properties liquidated through their deaths

>>27575723
We need to redpill Native twitter nigs, it's the only way
They're still niggers at the end of the day but even some have still wised up to the jew problem, we're not allowed to speak for ourselves so our best bet is to redpill the nogs into shutting down foreign real estate ownership on behalf of us all

All of the "financial experts on tiktok" are recommending to only put down like 3% so that way you can invest more money, and it earns you millions of dollars in the long run. Good advice? Wouldn't PMI and interest rates on the mortgage take most of that out?

>>27560502
Inflation only affects things where producers can't respond fast to increased demand. Increased liquidity means there's hardly anything affected by inflation except housing.

>>27571332
are you telling me that you don't believe in ghosts?

>>27576074
Not a fan of PMI, but I have been able to invest to the tune of...580% which technically beats PMI. One can't expect that though lol

>>27566657
Yes

I work 60-80 hours a week making over 150-180k a year and im starting to feel priced out

its all fucking bullshit

>>27576074
They are all retards who don’t understand economics. Right now you want to be holding cash, stocks are in a massive bubble and you can ride it up but be sure to hedge massively against a correction by buying options on bonds. Zero and Negative interest rates are deflationary and when combined with a shut down economy and half of everyone out of work deflation is amplified. Eventually it will hit the stock market and everything will collapse to levels it seen in decades and not recover for decades or ever. Everyone mega leveraged in homes will be hit the worst and those who 100% longed the SP500.

>>27576379
>by buying options on bonds
why these instead of something like SPY puts?

>>27566657

Yep. Single income, I save like 70-80% of my paycheck and will probably be saving for like 3 more years just to get a decent house. I'm not in a rush though, I'll just wait until a market crash.

>>27576440
IV too high. You are spending too much money on them to be worth it unless you can time the market.

because the central bank inflates the price of land

I mean, this is so simple why dont people get it

end the fed

>It all raised despite printing trillions of dollars

Don't you mean "because" you fucking retard

>>27566303
>I'm willing to give up my kid for a rich guy
I don't know what disgusts me more, her, or that there are rich men who would actually take this bint

>>27576379
Thinking in terms of inflation/deflation doesn't work. Everything is getting cheaper to produce which should mean price deflation but we print money to counter that meaning most things stay the same price while things like real estate, ownership of the means of production and high quality wood that takes a long time to grow all gets more expensive.

>>27560502
Bullish use case for FUCK housing and FUCK fiat.

Only BoringDAO will survive when it's all over, and I will be building the citadel for us in the woods of Kyoto.

>>27569544
Yeah, but how long can this go on before people just snap and burn it all down?

>>27575592
rent controls are garbage and avoid the real problems (zoning laws, QE) behind pumping housing prices

>>27563565
Estonia is currently the best place in the EU to relocate to due to its favourable tax regime and extremely cheap prices. Get in quick though, I doubt the EU is going to allow this to go on for much longer.

>t. swede moving to Tallinn in a couple weeks

>>27577665
Western Europe would sell out the baltics in a heartbeat to Russia once it suits them economically.

>>27561175
Because some groups of people need to be wiped out so that they stop fucking us once or twice every century since the dawn of time.

>>27576976
Half the country out of jobs, most industries shut down or working at reduced capacity, zero interest rates and QE for the last 13 years... yeah deflation is going to hit the US economy like a semi-truck. Stocks and real estate certainly benefited from QE propping up the economy for the past decade but deflation will hit these the hardest.

>>27563565
Greece

>>27568074
I'm looking at houses/apartments in mexico now because we are still IN the next depression. You guys have got nice apartments for 20g in a lot of popular cities

>>27577993
>Half the country out of jobs
None of them were doing anything productive anyway. Politicians are pressured to make jobs so they deliberately make things inefficient. Half the workforce is not only unproductive, it's actively undermining the other half.

>>27560502
real estate industry became a gift for white boomers and their families. and they keep on turning the screws because they are morally bankrupt pieces of shit.
there could easily be simple rules to prevent this.
but no. because real estate makes the most millionaires. The damn president was a real state baron, even if it was his father that started it.
some of these psychopaths believe that's the end goal; own as much property as possible. get on the property ladder. own everything!
end foreign investment.
end airbnb.
HIGHLY regulate rental ownership to stop exploitation of those who cannot afford to buy.
America is a land of whitefaggotry that needs to get steamrolled and reset.

>>27578373
I agree with you that most work is unproductive but it is still deflationary.

>>27560502
>they went up consistently
along with the entire market

>>27560864
>15x
That's nothing. I live in Norway, and it's fucking IMPOSSIBLE to buy housing here. It's gotten even worse in the pandemic since they lowered the interest rates, and all the retards went on loaning and buying sprees.

Meanwhile those boomer whores who bought houses 50+ years ago has seen 1000x investment returns. 1000x. On houses they could afford on a single month's salary.

>>27578855
If the housing bubble doesn't burst soon I will go insane

>>27578959
the only thing that will cause a burst at this rate is a major war; constant immigration will always put pressure on the housing market.

>>27576359
Made 160k last year 2020 and I’m priced out. If you didn’t get in 10 years ago you’re fucked. I live in SoCal and tons of people I know are moving out of the state but the home prices keep going up. I don’t get it.

>>27560502
It's called neofeudalism, enjoy your serfdom.

>>27579000
Or earthquake like in the 90s

>>27579226
we keep telling you what it is, it's foreign buyers.

>>27560502
15% per year at the current rate though i'm not an expert just researching it alot. Investors are getting cheap loans and will buy everything up.

>>27567452
Calgary's not too bad, Alberta seems to be the least cucked province right now but I think we're as doomed as anywhere else. Hopefully we can stay afloat longer than the others

t. lives in Canmore

>>27579280
Lots of cash buyers

>>27560502
There is people who get so much money from government and they have no better place for it.

>>27560502
>It all raised despite printing trillions of dollars
anon, this is exactly why it's raising....

>>27577993
>Half the country out of jobs
You fell for a media meme. Everyone who actually wanted to work was back to work almost instantly in spite of the retarded common cold hysteria. And even for that temporary job loss it was almost entirely very low wage service industry workers.
>deflation
And you fell for the contrarian "inflation doesn't matter; it'll be deflation" meme to boot. Everyone has way too much cash from either collecting government checks and/or remoting into work for office jobs sparing all the usually large expenses that go into commuting to and from work or going on business trips.
A spending frenzy is waiting to happen. Already started to happen to some extent with people throwing all the money they can paying over asking price for what little real estate is made available relative to extreme demand.
People are more suspicious of cash than ever and are responding to historically low interest rates by buying very expensive houses, which is exactly the point of low interest rates. Low interest rates make people spend because you get punished with inflation if you hoard money and rewarded for purchasing assets or investing with the ability to sell back later on for more than what you paid.
Deflation on the other hand is caused by a constricted money supply. The conditions leading to the Great Depression look nothing like the conditions leading to our current erring on the side of inflation. Money supply decreased into the Great Depression and interest rates were several times greater than they are now.

>>27560502
China is buying up homes under fake company names that sound American. Thanks, boomers.

>>27579280
This is a global phenomenon. I live in a second world post-commie shithole and the price per square meter has been steadily climbing way above any rise in average income.

>>27579237
>neofeudalism
so how will zoomers get an home?

>>27579000
>constant immigration will always put pressure on the housing market
this
But it will also lower the quality of the neighboors... so houses will be cheaper?

>>27560778
This right here. Money went up 70% in the last 12 months. You're barely seeing the start of our Venezuelan style hyperinflation.

>>27580078
>so how will zoomers get an home?
You will own nothing and be happy about it.

its unbelievable. i paid 50k for a 1br condo in a major (inner) city back in 2009, the sale just cleared for 400. the whole building has a perpetual roach infestation because its niggertown and everyone leaves garbage everywhere, and yet some insane asian people just bought it from me for nearly half a mil

>>27563565

Spain, Portugal, Greece, Romania, Georgia, Croatia, Estonia, Lithuania, even Italy. It's really only Western Europe that's expensive in comparison to the US, and who the fuck wants to move to France or Germany or the UK anyway? Plenty of places on the continent that are affordable.

Getting residency and/or citizenship is another matter, though.

>>27567452

Better off coming to the US. Most of our wilderness isn't frozen tundra and there's more actual variety. Plus Biden's gonna let a bunch of people in. Just drive across the Mexican border, lmao

>>27560643
The US is a safe investment. The government isn’t going ti take your house. There won’t be a guerilla force which takes power etc.

In 3rd world countries this happens all the time why do you think they stay poor? No one wants to keep any assets there for extended periods of time.

>>27560502
go back

>>27560643
>There is nothing inherently special about the physical united states. The ideas and way of life were the real magic
You're so wrong about that and you have no clue about the pre-WWII shitshow the direction of the world is currently going in.

>>27560778
this people just dont realize how much inflation has really been happening since consumer goods prices haven't increased

>just want to buy a homme slightly away from tune shitties so I can still work there but not has been to be 5 ft away from my neighbors wall
I want land god damnit and I want a nice house. That's all I care about. Fuck cars. Fuck trips. Why is the system designed to mess with me.

>>27577665
Fuck off, we're full

>>27566657
no it is not faggot.

>>27560502
>mfw when I bought a rowhouse on the edge of ghetto in a medium city near 3 college areas and gentrifying areas for 45k

Talking to coworkers who pay 1500-2000k for apt or mortgage

Complain on see click fix to accelerate gentrification

Call the police anonymously to report nearby drug spots

Riots, Covid scare the rich out of big cities

in 3 years my house is now worth 70-80k

plan is to continue fixing up and when time is right get some PhD students or nurses in there or run a AirbnB

>>27560502
Housing, like all hard assets, serves as a bet against current monetary policy. Inflation + low interest rates makes leverage attractive. All money is fleeing to real estate, stocks, commodities, crypto.

>>27574757
agree. also construction costs are bullshit and it's hard to get deals to pencil for new construction.

>>27575592
rent control doesn't work, zoning is the problem in big cities. LA is ridiculous and in a city like that it's only worth it financially to build luxury with a large number of units.

please stay in america amerifats, nobody in europe wants you and your way too loud voices, fake niceness, not being able to speak more than 1 language.

>>27562765
>1. Farming quality will only matter in terms of a food shortage, which I honestly don't expect.
If you're not in the USA during a famine you're pretty much fucked. Period. If you want to move to a country that's more or less lawless if you're rich enough they import food from the Midwest, a lot of it, and we're not going to be feeding people in the third world if Americans are starving.

Which leads me to my other point. The wu flu absolutely fucked with our food supply despite what the USDA secretary says in a press conference. It's across the board and recent storms have skullfucked billions of stored product, chief among them was a shitload of basedbeans. Retarded /pol/ memes aside, basedbeans are a vital link in our food chain and it's mostly for the animals we eat. Why do you think the price of meat has gone up? There's another one though, another vital feed crop, and that's corn. Both have not done well this year, worldwide and here, and I'm dead serious when I say that you should have some extra food on hand now. 2021 had better be a good year because if we have another corn stutter and a shit harvest for potatoes we might have to consider rations by winter, I'm not kidding around.

>>27582239
this, rich foreigners see buying real estate in a tier 1 city as a low risk way to store wealth

>>27578855
This fuels me with so much unbridled rage to read. Fuck boomers I fucking hate them so much. Day of the pillow now.

>>27560864
I’m sorry leaf.

Property investors leveraging extremely low interest,. And chinks

>>27583008
I did the same back in 2015 turned 520k to ~750k almost all on a 30 year mortgage and my payments are lower than the rent (thank you FED) it's in a shit area now developing
"gentrification"
what a beautiful word

>>27566736
>America is an idea that has spread globally to high IQ people
The opposite. In France all the low IQ parents give their kids American names, to a point where those names became a French equivalent of Shaniqua

>>27576359
What do u do if you don’t mind me asking?

>>27584243
It's not boomer's fault, they just happened to be born right place right time to take advantage of kike finance fuckery. Blaming boomers is what kikes want to divide and conquer via class warfare. The TV has further brainwashed them in to being selfish. I'm a millennial, ask me how I know.