/biz/ - Business & Finance

I keep expecting a crash, but then realize that we live in clown world. Honk Honk. I hate to see a lot of people who bought recently loose, but these prices are ridonculous and need to correct

Yeah my shithold childhood home my parents got for 98k back in 94 is worth like 500k now. Fucking insane.

>>27765089
SAGE
WITHOUT GOING TO THE ZILLOW LISTING THIS PHOTO IS EITHER PHOTOSHOPPED OR THE 1998 PURCHASE WAS THE PLOT OF LAND, NO HOUSE INCLUDED.

>>27765089

Lol imagine being this poor

>>27765449
It's worth that much because you jerked off inside of it anon

>>27765089
My guy, move to Jefferson County, WV. It's right in the state line and way cheaper

>>27765089
umm sweetie, 178k in 1998 was A LOT more in today's value

The housing market is a fucking racket.

WIth that said, you can join in on the fun, take out a loan for a house, fix it up, and sell it for $100k more. Pretty much what everyone else is doing, and is why houses are so expensive.

I have no idea who is actually paying for these houses, though. I'm guessing everyone is just taking mortgages and die or either forclose before they fully pay it off. The average income in the US is like $70k. No way can most people actually afford to live in these big ass houses.

>>27765352
Ben Cowen says there's no data to support a housing crash coming soon. It's a skeptical bias we have because it happened recently.

>>27765352
it will never truly crash, there is unlimited demand

>>27765089
I bought my house for $105k in 2018.
stop living in big coastal cities.

>>27766121
>I have no idea who is actually paying for these houses, though.
foreign investors, the us is so cucked

>>27765579
> THE 1998 PURCHASE WAS THE PLOT OF LAND, NO HOUSE INCLUDED.
This. McLean is in one of the wealthiest areas of the country (northern VA). Even in 1998, 175k could barely get you a condo.

>>27766414
>literally bumfuck nowhere with a population of 8000

>>27766414
I live near there. I’m going to come kill you (in Minecraft) anon

>>27765089
Actual 2008-tier crash probably never, that wasnt a correction from being too high that was just retard lenders giving loans to poor people to make short term money and it backfired horribly when the defaults rolled in. might correct a bit from a spike in new listings when evictions and morgage defaults unfreeze, but in the grand scheme of things you probably dont want to fud housing, only gonna get more expensive unless some crazy financial system collapsing event happens

>>27766942
and?

>>27766414
https://www.zillow.com/homedetails/638-Blarney-Stone-Ct-Galloway-OH-43119/34093677_zpid/
this is my house

truely housing is the biggest pnd crypto scam token

>>27767458
nice bathroom, you take big stinky shits in there?

>>27767449
>DUDE i just LOVE the hustle and bustle of the big city, it’s so DYNAMIC and makes me feel like i’m in one of my favourite TV SHOWS. you should totally come on down to my studio apartment, it’s got EXPOSED RED BRICK walls and everything, we can crack open a nice hoppy ipa or three and get crazy watching some cartoons on adult swim! and dude, dude, DUDE, we have GOTTA go down to the barcade- listen here, right, it’s a BAR where us ADULTS who do ADULTING can go DRINK. BUT!!!! it’s also an ARCADE like when we were kids, so we can play awesome VIDEO GAMES, without dumb kids bothering us. speaking of which megan and i have finally decided to tie the knot- literally -we’re both getting snipped tomorrow at the hospital, that way we can save money to spent more on ourselves and our FURBABIES. i’m fuckin JACKED man, i’m gonna SLAM this craft beer and pop open another one!!!

>>27767458
wtf this is my house how did you post this!?!

>>27767385
false. Our markets are a pump and dump. Whenever too many peasants get into any asset class the elites rug pull. The lending requirements just helped the ratio of peasant:elite residential holdings reach an optimal rug pull level a little quicker. You should always assume everything is a scam. If you see a lot of normal people getting into an asset its time to exit.

>>27765089
How much does it cost to build your own house?
>and not just a shiddy one that lasts 40 years before crumbling from mold and weather.

>>27767458
Ayo. Send me some fucking eff or we gonna come say hi.

>>27767599
All that minus the vasectomy sounds like a really fun day. What would I even do if I visited a friend who lives in Bumfuck, Iowa? Drink at the one bar in town? Do donuts at the local high school parking lot? Huff paint with the locals?

>>27767458
omw to cum inside your tight little twink ass and steal all your dogecoin

>>27767696
its cheap, especially if you have good home owners insurance and burn your own home down :D

>>27766942
Sounds like heaven. Urbanites get the rope, enjoy your pod

>>27767449
enjoy unemploment
all the jobs (esp good paying ones) are in the cities

>>27767696
Building your own house is not trivial, especially if you want it to be a good house:
https://www.youtube.com/playlist?list=PLRZePj70B4IwyNn1ABhJWmBPeX1hGhyLi

>>27768208
>he says on a crypto board filled with antisocial neets
Fuck your ugly cities, and fuck you.

>>27768208
work remote

>>27766121
>average income
>70k
average household income sure. Individual income avg is probably like 45-50.

>>27765089
Stop letting non-americans buy American homes
Limit the amount of homes people can buy, I don't care
Adam Smith shit all over landlords

>>27767458
>ohio
:(

>>27766529
Year built:
1985
It was bought for 178K prob added on to IDK but still insane.

>>27768807
post your house

>>27768501
Thanks, that's what I figured.
I know that the biggest part is getting the proper foundation which I have zero experience in, but I do have some experience with framing and drywall.

>>27765089
that's the ugliest house I have ever seen

>>27768936
It's mostly experience and knowing the right people. Hired a shit plumber? You're gonna have a bad time a few years later.

>>27765984
U R Dumb.

My grandpa was making 15/hr in 58' so yeah. Things are more fucked now

>>27769065
dude just be in the 1% in 1958 lol not hard

It won't crash ever again. Housing market is too stable and too strong. Low interest. Outsider buying our houses.

>>27766326

This. Its never crashing again. NEVER. Mark my words.

>>27769065
135 an hour lol no

my grandpa bought his first his first place in '62 for 15k and was making like 8k a year

>>27769065
My grandfather earned £10 a week in 1958. To suggest that $15 an hour at that time was in anyway a reasonable or standard salary is absurd

>>27766414
Cool, can't wait to move there and work at, uhh...

40% of all real estate in the US is owned by foreigners.

>>27769359
>low interest rates will last forever
Anon, I...

>>27769359
>Low interest
oh just you wait till the 2 Trillion stimmy checks hit. Wanna know how they suppress inflation anon? Interest rate hikes.

>>27765089
I’m trying to buy a mobile home and land. It’s cheaper if I’m able to pull it off.

>>27770281
zigeunerpilled

>>27770281
Where? You can buy an acre for 10k with septic included and a used trailer for about 30k if you arent constricted by zoning laws

>>27766942
Sounds comfy desu

>>27765352
>loose
Bunker chan or reddit. Go back.

>>27766414
nice Lego house

>>27770560
Florida. I see mobile homes near me go for around 5k in mobile home parks. You can buy them and move them to your property. I’m planning on getting an uncleared lot for cheap. The areas I have issue with are septic and foundations for the mobile home( if you even need one).

>COVID specifically kills boomers
>boomers are most likely to be home-owners
>large swathes of home owners die
>their economically illiterate gen X and millennial children inherent the homes
>immediately list the property for sale to pay off their huge student loans
>spend the leftover cash on some Funko Pops as a reward for doing so much adulting
>market is flooded with houses that people are desperate to get rid of
>huge increase in supply leads to drop in house prices

Why didn't this happen, /biz/?

>>27770560
Also I see uncleared lots for 4K around 5k sqft not a lot but enough for a starter home

>>27770905
the kungflu only killed people in retirement homes.

>>27766414
>3.1 bathrooms
wtf is 0.1 of a bathroom?

>>27771000
A small room with just a urinal.

>>27765089
you vill own nothing.
you vill live in ze pod.
you VILL eat ze bugs.

>>27771000
A closet with a urinal

>>27766414
i hope your grass looks better than that now anon

>>27765089
I have been watching housing in my area for the last 5 years expecting some sort of correction. Instead it just keeps going up. Even during this batflu shit the prices haven't dropped. Shit is rigged. Boomers are locked in and refuse to sell for anything less.

>>27771300
We have to wait until they die off.

>>27767873
And what do most people do in the city? Go to a bar every weekend?
>but it's not always the SAME bar!! And sometimes we do BAR CRAWLS!!!
Anything worth doing in the city can be done within a few days vacation. All the rest is the same as anywhere else. The Internet has made cities obsolete.

>>27770876
>>27770940
Id think a foundation in Florida would be important due to the hurricanes and whatnot. Are they slab or block foundations? Id also check on the cheap mobile homes for wiring issues and plumming, because most old ones use aluminum wiring and in a lot of places it will disqualify you from a lot of loans/financing options

>>27770977
This. There's still plenty of boomers in their late 50's and 60's who aren't selling anytime soon.

>>27770876
Just make sure you book a hotel whenever a hurricane hits. Mobile homes aren't exactly hurricane proof.

>>27771300
It same deal here in Minneapolis, even after this summer.

>>27770905
THIS HAPPENED IN AN ALTERNATE TIME LINE AND THAT TIMELINE IS DOING MUCH BETTER HOW DO I GET THERE????

>>27765352
>>27766316
no crash coming. real estate is one of the very few things left of material value from the old (current) economic paradigm. brrrr for decades combined with 10x brrr last year, and don't count inflation, and lie to the world, and watch the value of "hard" assets. RE value is fine, dxy is what's fucked frens.
>>27768845
checked this too. looks like a 1m+ house desu. probably been fully reno'd w/ additions and shit. that compounded w/ 10-15% real inflation, and it's no surprice. not my cuppa, but nice house..
>>27769065
>U R Dumb.
nah fren, you are
picrel
>government inflation data
fucking K-E-K.
take a redpill

I saw a comfy trailer for 20k

Should I do it bros?

>>27766414
I wish I had spruce trees in my yard. I live in Florida and I hate palm trees :(

>>27769939
we're not talking about yuroland

>>27765352
>crash coming soon
>population rising
>land is limited

Yeah anon crash is gonna happen aaaaanyytime now, just keep waiting you can join redditors

>>27770905
>boomers keep laws in place that prevent new affordable housing to be built
>boomers keep laws in place that keep their homeowner tax artificially low
>boomers pass on their houses to their kids and they don't go onto the market - kids can't afford their own houses so they never leave home
>boomers who do sell their houses end up going to super rich people who don't live in them but need places to park / launder money that can appreciate in value

>>27765089
Why does some pissed off, priced-out zoomer keep making these fucking threads? Do you not understand the power of compounding over long enough periods of time you braindead little shit? Get money or fuck off, you don't deserve a home.

>>27771300
Soooo, what you are trying to say is boomers have diamond hands holding their mcmansions expecting a short squeeze from their sons and daughters? Nifty, very nifty.

>>27771615
>You WILL live in the pod

>>27771615
Imagine the neighbors in a place like that.

>>27771713
Yeah people don't realize just how fucked our zoning laws are. Even cities like Denver with infinite sprawl still can't seem to keep prices reasonable.

>>27767873
You can go fishin or huntin. Or smoke meth.

>>27765624
Based NEETs providing more value than anyone else.

>>27771425
I’m paying cash. Don’t want to deal with a loan. I’m also an electrician so fixing the wiring wouldn’t be too much of a hassle especially if I can get everything for 10k or less at least the home and the land.

>>27771615
you have to pay space rent on these nigger, the price is just for the trailer

they usually come out to be the same as an apartment with the added bonus of never being able to bring a girl over

HAPPENING
found an even comfier trailer in a good part of town

Is this it bros am I finally gonna get to move out?

>>27767642
I made it this year but I feel like I can lose it at any moment if almost any kind of investment

>>27771976
Sure if you want to pay lot rent lol.

>>27771000
lol

real estate speak it just means 3 full baths and 1 "half bath". probably just has a sink and a toilet.

>>27771643
The standard of living in the USA in 1958 was not 60 greater than in the UK. Earning the inflation adjusted equivalent of $190k a year was never considered standard

>>27771000
all sinks in the house are worth .1 bathroom

>>27765352
Never going to happen, as long as the fed keeps pumping money into the economy.

>>27765624
That's why I bought it.

>>27772194
How does that saying go? You jerk in it you buy it.

>>27771594
Surely though with hyperinflation on the way no one will have the purchasing power to own any of these houses? perhaps not a crash per se but a huge correction soon to account for everyone realizing their savings are worthless?

>>27771718
mostly because house prices move up quicker than most are able to save even with compounding investments. for example in the pic OP posted, a $178,000 investment in 1998 even with monthly contributions of 2k for 23 years at 6% interest nets you only about 1.8M. If you can't afford enough to get on the real estate train (and houses don't increase in value equally in all places), you're left behind.

>>27772100
>house has 31 fucking sinks
>literally cannot escape sinks

>>27772097
We're still not talking about yuroland. No one cares.

>>27771000
It's just a poop bucket in the closet. Nice trips btw

>>27765089
It's a tax scheme that's why. A great way to transfer money from developing markets in asia and back into the west. That's why the inflation will never stop.

>>27772050
no that's 25k to own it

>>27766316
>Cowen

>>27771615
that cost more than the cabins at myrtle beach in south carolina

>>27771955
>you have to pay space rent

source?

>>27765449
94 was along time ago. That seems reasonable enough. Problem is wages haven't matched inflation.

>>27772612
Do you own the lot that it resides on?

That was probably the price of the Land/lot then they built that huge house on it

>>27772993
>middle of the bum fuck no where in south dakota
>one of the most poor states in america
lol?

>>27765089
That's such an ugly McMansion.

>>27772509
we aren't, we're talking about the USA. Earning the 2020 equivalent of $190k in 1950s America was in no way the norm

>>27765089
I live in Arlington. fuck this housing market

The cost of housing is getting out of hand. Millenials are getting priced out more and more. As they become burdened with student debt, rising cost of living, stagnant wages, and more taxes to pay for welfare programs and green initiatives, things are going to get uglier from here on out.

>>27765579
Not like it's out of the realm of possibility, my parents paid the equivelant of 40k€ for the house I grew up in in the early 90s, sold it for 600k€ two years ago and moved back to their hometown.

>>27772449
That works out to a 12% CAGR over the 23 years between 1998 and now, which is impressive but not all that much better than other risk assets like equities which have done 8-9%/yr over long enough periods of time

it's also a disingenuous comparison that says nothing of what that place/lot looked like in 1998 and how much capital the owner has put into it over the 23 years of ownership, plus any interest paid on the initial mortgage. These comparisons are nothing more than clickbait for zoomers who feel like they're entitled to a home

>>27769939
A pound was literally worth more back then you thick anglo cunt, look up decimalisation.

>>27765624
what the hell is that supposed to mean? that makes no fucking sense

Housing is a basic human right and should bot be allowed to be bought and sold

>>27773847
based CAGRposter

>>27771615
i never got why trailer over a like a big RV? a bit less space yeah but at least you can take it anywhere and you have to pay lot fees either way

>>27770905

>>spend the leftover cash on some Funko Pops as a reward for doing so much adulting

>>27765352
Agreed but
>ridonkulous

Fucking kill yourself you fucking faggot

>>27767873
Shoot guns, fuck your sister, fish, meth, ride modobikes

>>27765352
I live in one of the poorest places in NY.
The average household income is insane, like 32k average per HOUSEHOLD.
Still has insane property taxes, state taxes, and a run down one floor crack shack is 90-100k.

>>27765089
crash or not I can't afford property that allows me to have a home gym

my 2 bedroom ground floor appt is rent controlled and can support a squat rack. Never moving

>>27772683

most mobile home parks own the land, you just own the house that sits on top of the land and pay rent to the landlord lol. The rate is usually around what you would pay to live in a 1 bedroom give or take, except now that you also own the "house", and all the responsibilities that go with that

those things are pretty shoddy construction too, its basically a sheet metal exoskeleton with some partitions inside. Not very soundproof, you can hear cars drive past

>>27775114
Wanna trade places?

>>27766121
This. Adding a firepit bumps the price up 6k. A firepit is literally a fucking 6 inch hole with bricks around it.

>>27772370
wealthy chinese, arabs, and russians will
your kids will speak mandarin
you WILL eat the bugs

>>27772683
Go to redfin and find a trailer park lol. It lists the rent. Also, you will never get any appreciation like homes do, only depreciation as the trailer falls apart. Actual houses are the only good option.

>>27773235
that's a rich rancher home tho. SD is poor per capita because of reservation statistics

>>27772370
with hyperinflation people will be scared to keep money on their bank accounts and will invest into the housing market

I'm 100% retiring to some place remote once starlink goes mainstream in 2 years or so. Cheap as fuck and a monthly trip an hour or so to a city for supplies and r&r is easy to do.
Can't wait to get the fuck away from everyone.
>t. Ausfag

>>27776089
OZ has so much spare land. Is it too expensive to buy a strip of dust on the edge of a city and set up a little farm to be self-sustaining?

HAPPENING!

found an actual comfy home that's NOT a trailer park

>>27765089
you can do so much more with 2.5 million than buy some generic big house

>>27771000
a sink to wash your pussy at

>>27776168
Very. Most land is gov owned with the rest held with an iron grip by boomers or Chinese, unless you want to live in literal hellscape desert that is unusable. I keep my eye open for anything half decent constantly but its hard to find and gets snapped up super fucking quick.

>>27766121
The truth is even sadder.
Certain locations are being bought up by foreign investors.
Other areas are people trying to chase the trend and is speculators flipping houses to each other adding more ramshackle “upgrades” that make to places shittier to sane people and will break down in a year.
Then they trade the houses to each other at increasingly higher prices as they all go deeper in debt as their income that will collapse at the first hiccup goes up.
In a decade most of these places will have houses that will cost more to tear down than the land is worth.

>>27766414
did you really just post your address here :/

>>27769065
Pull up a chart of the S&P and zoom out then take a gander at the price inflation since 1998. It basically looks like a penny stock in the 90s compared to today.

Hell 178k when trump took office is like 400k right now and they are about to double the money supply again.

That 500k house is gonna be worth a few million by the end of Biden’s first term.

If you don’t already own a home you will just get further priced out of the market the longer you wait.

I bought my house last year for 300k. Figured WTF this house should be 150k but it’s not and none of em are so whatever. It’s estimated value is now 500k.

Helicopter money is coming soon. Imagine what home prices are gonna be when they start giving people 7000$ per year per kid on top of 1000$+ per month per adult of UBI. Negros will be making the equivalent of six figures cause no tax on it just from their welfare. They are both proposals being seriously considered.

>>27776556
He lives in nowheresville, OH; I think he's safe.

>>27765089
bros its literally not fair boomers got a 10x for literally buying a house with like 3 years worth of income that they got a 20 year loan for crypto better not be scem and transfer wealth to genz

>>27776254
Damn, I live near there. Maybe I'll put in a bid. Thanks anon.

>>27776604
We need The Purge.

>>27776735
NO

>>27776421
For instance I’ve seen people furnishing and redoing living rooms and kitchens with shitty surface level bullshit while the ceiling is rotted and full of mold and the floor below has been gutted to the point you can see the bare floorboards from the basement more than I haven’t.

Make sure you buy silver. 1000oz will buy you the equivalent of a 500k home when shit flips

>>27776604
The thing is, a few million is getting to be worth so little now. Just because homes are skyrocketing doesn't mean people are suddenly becoming mega rich. The dollar is losing value and the wages are staying the same. So ok, my house "doubled in value" but my wages "halved in value". They'd think "I may have been making $60k, but now it feels like I can only buy $30k worth of stuff."

>>27776604
UBI just raises bids for everyone low income people will still live in the same areas and people will still have to work to to be able to afford a house

>>27771935
Fixing and routing the wiring is one thing. Paying a carpenter/taper/spackler to fix it all is another. I’ll assume you could do it yourself since you’re in the field.

>T. Pipe fitter

>>27776254
Thanks. Just put up a bid for it.

>>27771785
It can be heaven if you’re willing to make it so

>>27765579
People are too stupid now. They will keep taking the bait, they will keep mass replying. Humanity is the dumbest its ever been right now
>all fields

>>27765089
McLean has undergone absolutely massive investment over the past 15 years, no wonder the price went up so much. Tons of high paying corporations moved into the area, and with them, high earning suits willing to pay a premium for housing. Tough luck

Miami Checking in. 26 making 47k a year can only get me 120k. YAYY Fuck this place.

>>27769065
How is our currency not actually Zimbabwe-Africa-nigger dollars right now?

>>27774461
There’s no such thing as rights sorry

>>27765449
94k compounded at 6% pa is already 428k, that’s very reasonable. You’d get MORE just leaving it in an index fund.

>>27777431
Have you looked at loans? In Florida I can't find a loan for under $100k which is insane, lenders won't touch it. I have mid 600s credit thanks to divorce but I'm talking 20% down and still no dice, absolute clown show

>>27765449
I bought my home 7 years ago for 160k. Haven't had it appraised or anything recently but an empty lot the same size as mine like 3 doors down just went on sale for 500k. It's crazy. I get letters in my mailbox at least once a week from people looking to buy any house for cash as is so there must be a pretty decent turn around.

>>27765089
Check em.

> LINK 1000 EOY 2021
> ROOK the hidden key
> REN the secret bridge
> LINKPOOL the final destination

>>27776254
>NC
>Not a trailer park
Pick one

Rolling for 7s

>>27771615
No. If you’re going the trailer route and it’s just you, look at modern park models.

>>27773687
This. I had no leg up or trust fund. Been working since 13 with no addictions or expensive hobbies. I pay 1600 + heat, electric, car insurance, cell phone, food, gas, internet. Shitty car. I make 80-90k/yr in construction and barely get by in my 700sq ft apartment surrounded by degenerates (how the fuck do they afford this beehive complex???) Life fucking sucks. I wanna rope everyday.

>>27770905
Because your assumption that COVID actually resulted in significantly more deaths compared with any other year is wrong, therefore there was no excess supply added to the market.

Or did you already forget the memory holed numbers that 2020 death numbers pretty much aligned with every other year. You got memed, son.

>>27765089
>McLean
>6 beds 6baths
>2.5m
Honestly not surprised. Like, that's kind of top tier market for VA. I live in a shitty 2 bd 1 bath condo in Falls Church, and it would sell for around half a million.

>>27777507
It's in the stock market and it's not real until people cash it out.

>>27765089

The gains you make arent really gains. Its inflation.

All gains are offset elsewhere. Housing, healthcare, bottle of ketchup.

Your not any wealthier

>>27776604
>Seeing everyone buying GME made me go dig out Intelligent Investor they made us read in school
>mfw 1970 numbers for stocks, rates of return, and cost of day to day life

Everything sells for exactly as much as it’s worth.

Dumb people attach their self worth to “owning” a home.

When you are that desperate, you get used.

>>27776254
and the schools are shit so resale value will always be bad

>>27775028
He said Iowa, not Alabamma

>>27771976
lot rent is probably another $4-500. better off finding a condo if you want to pay extra for something

Getting my brokerage license via zoom (lol)--Even the mortgage lender said there might be a crash based on zany prices and supply & demand

however, realize a lot of real estate is a hedge against inflation

>>27778581
>>27776604
How long until the US starts seeing favelas?
Or will that just never happen since people can't and won't have kids anymore?

>>27765089
>>27765089
Try looking in more rural areas.
Ultimately, you really need to decide if you're looking to purchase property or just looking for somewhere to live in a particular place. It's rather easy to find cheap as fuck property, but it's rarely going to be in a highly populated, developed place, because by the very nature of it such areas will both have more value AND more competition, in addition to, for the most part a much smaller supply

https://www.zillow.com/homedetails/940-Sunny-Hill-Rd-Decatur-MS-39327/317012567_zpid/
HOW THE FUCK DO YOU FORECLOSE ON A 12K HOUSE? IM BROKE AS A CUNT AND EVEN I COULD THIS. WHY IS IT SO CHEAP? IS IT HAUNTED BY A RAPIST?

HOW

WHO

>>27777826
NC fag Here. Trailers can be /comfy/

>>27776360
>Chinese
You mean literal jews.

>>27766942
Enjoy your $2000/mo rent and nigger neighbors, coastfag.

>>27766942
and? fucking kill yourself faggot

>>27767696
Amish folks around here will build you a house for like $70k. It'll be simple, and just big enough to serve it's purpose as a domicile for your family. It will not have an open floor plan.

>>27768208
Commute

>>27773235
What kind of moron has a pool in South Dakota.

>>27765089
https://rumble.com/vd4avh-episode-47-dogecoin.html

This is like A-list Washington DC real estate. That neighborhood is all congressmen and shit

>>27768208
Ha!

>>27775449
Looks comfy

>>27770905
Because if you actually go check the CDC total death statistics per year, you'd see that 2020 did not even have a statistically significant difference from the average for the past 20 years.

COVID is literally just media hype and nothing more. You've been bamboozled.

>>27779277
There is enough rotting corpse of an infrastructure left for them to subdivide. The old blue collar neighborhood I grew up in full of modest single family homes has all but been completely bought up and the 3br houses modified into 3 unit apartments. Buildings that were built in the 30s for a few thousand dollars and are worth in nmodern clown world money “only” 70-100k are all bought up by boomers to rent out their self modified three units for 6-800$ per month + deposit and utilities.

Take the van pill anons, we all were nomads once

>>27766414
>Houses are cheaper where there is no economy
>Just drive 2 hours to your job

>>27781016
Can I get one for 50k?

and can I put a motorcycle inside of it?

I have a tip for you
don’t go for this scam that they try to sell on this thread
if you want to use top instruments and algorithms for trading you must check Bot Ocean
Thank me later, boy

>>27769065
Housing market is more inflated than other goods.

>>27781016
How many women do you fuck in that moving shack?

>>27781062
If I needed to store a motorcyle I'd get a box truck and convert it for 50k, make the back part a tiny garage for the bike.

I want a mixed use property where I can open up my business with a storefront and live above it. I fantasize about it bros. I wish I could make it for real so I could be comfy while building my company.

>>27773687
To add to that, they want to raise capital gains tax to pay for some of those projects. That means Millennial and Zoomer’s retirement is keked and if you thought you could get a leg up with crypto, ha! Crypto is now considered real estate now.

Roth your retirement, young anons, and invest in foreign/emerging markets.

>>27773847
Houses aren't just risk assets and equities though, and viewing them as such is what causes the dysfunction in the housing market. They have utility, and all those "investments" are living expenses for a homeowner. If housing prices crashed to zero it would unironically be good thing for everyone except bankers and boomers leveraging their house because now other people would HAVE A PLACE TO LIVE.

Okay bros, let's say I'm a remote freelancer. I can go anywhere in the fucking world, but I'm a big retard and I've only lived within a 30-mile radius of my neighborhood for 28 years. Where the fuck do I move that's
>not mobbed by niggers (and therefore low crime)
>comfy
>has nice summers
>got some nice nature walks
>CHEAP
>and still within easy driving distance of amenities

>>27780356
Commuting will destroy your mind faster than not having a job altogether

>>27767344
Go back

>>27781668
If you don't mind the frigid winters, Maine might be the destination for you.

>>27781669
yeah if you are a weak ass pussy

>>27781354
I know that fell. planning on buying something like this back in my home country in a few years. a store front on the first floor and an apartment above it, already have a few properties in mind

>>27781785
I was debating that. I really despise the cold though.

>>27781062
Just get an enclosed trailer to tow behind it. I don’t understand how these people that live in vans don’t all have enclosed trailers, it will double your storage space at a relatively tiny cost.

>>27781220
Vanlife is full of thots

>>27781016
How much did that cost?

>>27765089
you wouldn't know what to do with that home.
>>27765579
>he doesn't know about mclean

>>27781016
>WoW
No wonder you have a bed that small

>>27781807
I think he means that every richfag that has ever lived has always wished for more time, and that time is the most precious resource, faggot.

>>27767449
some of us want an actual role in life, not to live in a rural shit hole with a hand-me-out government job just so we can buy a pickup truck, faggot

>>27780198
What state are you in?
PA, Ohio, MN, or Iowa?
Lancaster is comfy

>>27767458
looks comfy

>>27766942
>population of 8000
a bit much for me famalam
>1 post by this id

>>27782090
nice cope
no one has ever said that gay ass shit before

>>27768208
i make 80k and commute from one bumfuck to another.

>>27781655
>they have utility

which is what makes them such great assets :)
either cope with it, go petition your local lawmakers, or make more money

>>27778229
>>27780819
>Excess Deaths : 471,200
>Total Above Normal: 19%

Sure thing buddy

>>27768501
>https://www.youtube.com/playlist?list=PLRZePj70B4IwyNn1ABhJWmBPeX1hGhyLi
upboat for EC

Wouldn't a nice war fix house prices?

>>27782509
where tf is that random chart from lol

>>27782509
can you show a longer x axis and label the y please

>>27778495
>>27778639
High IQ.

>>27782689
A global pandemic should've, but god forbid, we had to protect the boomers

>>27782885
>Weekly deaths above and below normal in the U.S. since 2015
>X axis = % above normal

Excess deaths are always derived from a five year average, there's no use comparing it to a polio outbreak from the 50s

>>27782739
Want one directly from the CDC?

Should have bought ENE with that money instead.

Unless you own multiple properties the growth in value of your house is irrelevant. You need a place to live and if you sell your house for a 300% profit you will still need to buy a new one that has also increased in value at roughly the same rate, resulting in no net gain

>>27765449
>>27777656
Which state?

>>27771000
Buckets

>>27779452
idk, get sent to prison?

>>27766414
>almost a 2x over two years
>in the middle of nowhere
That's honestly terrifying. I can understand NYC and California prices mooning, but when even places out in the country start doing crypto numbers you know there's something weird happening.

DON'T FORGET TO HONOR YOUR GOD GIVEN RIGHT TO THROW A BRICK THROUGH VACANT HOMES

FUCK THE BOOMERS

Imagine unironically wanting to live in a shitty. Especially a coastoid shitty. I'll take freedom any day.

>>27779452
There is likely serious structural issues with it and its not worth paying for.

>>27766423
Foreigners shouldn't even be allowed to buy residential property at all.

>>27779452
Look at the price history, it was $40K, the bank is just desperate to get out now

>>27768208
The cost of living within or even close to major cities basically negates any extent of income with exorbitant expenses. Someone living in NYC making $300k a year is probably the absolute middle of the middle class relatively, and probably only takes home $20k (if they’re lucky) after rent, taxes, and basic expenses are factored in.
They’re a scam for affluent hipster millennials who want an “authentic” city experience like they see in Friends or something. If you don’t have inherited property, are not a CEO, or not some Wall Street big shot: then it’s not even worth the toil.

>>27785157
If any legislation were introduced to prohibit it, you bet your ass the Twitter Liberals would chime in about it being racist and denying mexicans the ability to get out of their shitty third world country, except now American investors are buying homes in Mexico too. Really says a lot about the state of the US.

>>27785157
The politicians store and launder their wealth through real estate, they want foreigners to pump their bags.

>>27785382
I know. Our society has a deep rot in it in the form of leftoids. An inoperable tumor because the government likes it.

>>27783841
owning a home fixes your largest living expense so long as your county doesn't get taken over by coloreds and then liberals

Suck chink controlled cuckcoin instead. Top choice, fren. This guys try to beg you to invest in their trash pool. Don’t believe them if you aren’t a idiot. Join Poolz, new DeFi with NFT. You will thanks me later

>>27785157
Of course they should, as long as they reside in the US. Do you think any skilled workers are going to move to the US if they'll be forced to rent for their entire lives?

>>27779452
>decatur
>no grass
>five pics
i'll give you one guess

>>27765352
>I keep expecting a crash
>he fell for the crash meme
Embrace clown world and buy before you are priced out

>>27765352
Also, bill gates and other billionaires are buying land like crazy, why do you think that is?

>>27785308
you fucking brainlet. 300k is NOT middle class in NYC.
>Minimum threshold needed to make the top 5%(in NYC): $250,000

>>27765579
it sold for 1.425 million two years later so you are probably right.

>>27771594
This is pretty much true, we are past the point where all the people with money realized the economy is fake so they are looking for "real" assets with "real" value. Real estate, cars, and guns are all through the roof.

>>27775367
What kind of jewry is this?

>>27785701
Then become a citizen. This is our land.

>>27765089
I can help all of you.
I’m a realtor in Boise, ID.
Even if you don’t want to buy in my city, I can help you out
https://www.weknowboise.com/lisa-kohl.php

It's not houses, it's endless printing and a rigged CPI designed to hide the inflation

Buy physical silver (and/or PSLV) & gold, shit is going parabolic when the inflation from all the Corona BRRRRRRR hits

>>27779452
>As of the census[7] of 2000, there were 1,426 people, 407 households, and 269 families residing in the town. The population density was 1,379.9 people per square mile (534.5/km2). There were 463 housing units at an average density of 448.0 per square mile (173.6/km2). The racial makeup of the town was 66.41% White, 32.54% African American, 0.56% Native American, 0.14% Asian, and 0.35% from two or more races. Hispanic or Latino of any race were 1.05% of the population
>32.54%
hmmmmmmm

>>27786370
great time to move there if this was 2000 lol

>>27786370
Seriously. I help so many Californians move here
Just give me a call. I’m trying to build my business up

>>27786228
>and they said SUI was overvalued
long TOL long SUI long AVB long distopia

>>27786459
Again just give me a call. I know things are tougher now in Boise but I can help with other cities toooooo

>>27786459
You still have time to get in pretty low in Boise, the place is 10-20 years away from being the next Austin or Denver. Unironically would recommend buying real estate there.

>>27786370
>https://www.weknowboise.com/lisa-kohl.php
ay gurl u want some fuc?

>>27786525
>I help so many Californians move here
>so many Californians
>Californians
welp, there goes my dream of moving to Idaho some day. I ratger avoid the california locust swarm

>>27765579
bump

>>27786370
>moving to the next portland
ishygddt

>retards in this thread thinking boomers will pass on their houses
They will reverse mortgage them until they die, or their houses will be liquidated to cover massive end of life medical bills. Meanwhile demand surges as more immigrants come and as population expands through births. Construction can't keep pace with demand. There will be no housing crash. Buy when you can and buy smart.

>>27786605
Don’t be gross. Sorry I’m just trying to build my business

>>27770905
Because covid is less deadly than eating bigmacs every day

>>27786615
I mean they have money so what’s wrong with that
I don’t care what they vote
If you want real estate advice I can help tho

>>27774809
Maybe if you cancelled your Netflix and stopped buying a phone every year you could afford my house son

>>27786711
This. Already know several boomers that reversed mortgaged their house as a retirement so they can keep jerking off in their RV trailers traveling to the exact same places every year, leaving their kids jack shit.

>>27765352

The crash won't be in housing it's going to be in the currency. The money printers have inflated everything since 2008 at an increasing rate. This example seems particularly egregious, I suspect the house has been improved substantually since. However the markets and the fed printers are eerily similar in their increases. It's the illusion of growth that our institutions are built on.

>>27787035
Wouldn't a currency crash increase the value of property? This is what people seem to be getting wrong this time arround.
>inb4 my corona mortgage deferment
The banks will swoop in and gobble up homes for pennies on the dollar before retail buyers have any chance

>>27786615
>>27786708
The fact of the matter is those are both extremely bullish indicators and should be a sign to get into Boise real estate ASAP, especially with how quickly west coast development moves.

>>27786711
I found out the other day that apparently my grandmother really really wants to reverse mortgage but hasn't because she wants me to inherit it. I'm conflicted because on the one hand it makes absolute financial sense for them to reverse mortgage it. The taxes are insane, they're in massive debt, they don't have the need nor the desire to own such a large place, and they're only like 70. DESU, I wouldn't even have much use for it. I don't live in that city (although I wouldn't be opposed to living there) and the house's layout is weird so you really only end up getting two bedrooms out of the place which is....not enough. There is a lot of land to work with for expansions but at that point it seems like it would defeat the cost savings of inheriting a house. That said I am also a selfish motherfucker that really wants that fucking house. I've decided if they ever ask me directly I'll tell them they can sell it but for now I'm just going to pretend I don't know that they want to sell. Does that make me a bad person? What would you do /biz/bros?

>>27765831
>moving to WV

>>27765089
1) I don't think that specific structure was on that property in 1998
2) Mclean is one of the most expensive suburbs in the country

>>27787362
It's looking like Boise/Caldwell/Nampa will be swarmed with spics in a few decades the way things are going.

>>27785701
once they become a citizen and discard their previous nationality, they become an american.
so no, I don't think they'll be forced to rent for their entire lives.

>>27787523
They follow the hand that feeds them

>>27770905
I heard at one point that it was because Chinese investors were buying up all the homes. But said homes were not on the market because boomers were dying but because people were evicted.

>>27778229
>>27780819
>>27786771
Considering how many of the numbers concerning Covid were fabricated to make the situation look better or worse, I wouldn't trust any Covid-related statistics, even if they support my viewpoint

>>27787502
My twin cousins did it. Two 3k sq ft houses on civil servant salaries. Drive out there is beautiful as shit, and when I visited in 2017 the one I stayed with left for a week, I had the whole place to myself, watched Mr. Rogers on Twitch and drank a bunch of kombucha. Technically I was homeless but it was unironically the comfiest shit. Once all the industrial stuff gets cleaned up and they get decent internet, it's going to be a prime location for DC remote work.

>>27781634
At this rate I'm getting close to moving to one of those foreign/emerging markets

>>27787197
>Wouldn't a currency crash increase the value of property? This is what people seem to be getting wrong this time arround.

Nah. Housing market won't crash. Housing market to the moon. Housing market to trillion dollars soon.

>>27787523
More than 75% of my clients are Hispanic-American
What’s so wrong with that?
Most of them are coming from California
Come buy a home from meeee

>>27778818
>implying anyone who is a regular on this hell site will ever have kids

>>27786370
booba.jpg
You're cute. Would you give me a courtesy handy if I bought a house from you? Wizard here.

>>27786307
its your land? land you can't even afford. lmfao
Zhang buying up your housing and turning into apartment buildings.

>>27779277
The large number of people living in their cars or copevans are pretty much the American version of favelas

>>27767599
live in a trendy part of LA and this pasta is too accurate

>>27765579
You're missing the point, but ok.

>>27772370
If inflation is high then owning is good for you. The mortgage won't go up so every year you pay less, inflation adjusted, to live there. So if you are correct in assuming hyper inflation then people will be rushing to buy which will drive prices up.

>>27788915
homeless pepole don't count for any sort useful statistic people care about

>>27776775
I don't know if we'll get The Purge, but we might get a revolution soon. The US has already gone past antifas wrecking shit and is now at anarchists wrecking shit, we at least have the Gamestop thing going on now to distract everyone, but once that's gone and all the people like me that FOMO'd in too late get pinked by the price inevitably collapsing, all those problem people will be back on their bullshit, probably using GME as an example of how the common peoples' money is stolen by the elites or whatever

>>27777431
Miami's sinking anyway, fuck it

>>27777507
Europe is in the same position. The real threat is that Asia isn't printing like crazy so this will just accelerate China's rise.

>>27788655
You can probably find some twink from /soc/ for that

>>27765089
Found one, pricey but look at how much house you get

>>27785810

N


Am I on the right track?

>>27790244
>sneed rd

>>27790244
Nooo anon you need to buy in the middle of a city and then complain about it

>>27790244
>sneed rd

>>27790244
Dude, you just wanted to post "Sneed" and get dubs.

>>27790244
>That estate
Yep, seems like prime mowing for my John Deere.

>>27790401
The house number is pretty close to 1488 too

>>27784928
Yea op is a fucking retard

>>27777507
Shhhhhh

>>27770905
>COVID kills
go back

>>27772370
If hyperinflation hit would you rather have a house or paper

>>27790637
I'd say they're ignorant more than retarded. I remember the threads last year telling people to wait for better prices during the Covid flash crash, so it's just a case of /biz/ being /biz/. Same reason why no one on here holds any proper amount of BTC.

>>27777991
Oh I'm sorry anon. You're one of those types who doesn't realize we live in clown world. Get back in cagie, wagie.

>>27776254
Just put a bid for 100k thanks anon

>>27787523
>Caldwell/Nampa
Got some bad news for you anon....

>>27781016
If I played WoW I wouldn't care about women either