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12626730 No.12626730 [Reply] [Original]

why don't millennials own homes?

>> No.12626743

don't, the population bubble will not reach another ATH

buy arable land instead

>> No.12626746
File: 267 KB, 1051x374, china millennials.png [View same] [iqdb] [saucenao] [google]
12626746

>>12626730
But they do.

>> No.12626768

>>12626730
something is very wrong about this building somehow

>> No.12626774

>>12626768
cuck tower

>> No.12626786

>>12626730
SPENDIN ALMOST THREE MILLION DOLLARS ON A HOUSE THAT AINT GOT NO DOOR AAHAHAHAHAHAHAHAHA HOW STUPID ARE CANAKEKS

>> No.12626787
File: 757 KB, 898x734, usofreedom.png [View same] [iqdb] [saucenao] [google]
12626787

>>12626730

>> No.12626790

>>12626787
It looks nice now (they renovated it.)

>> No.12626792

>>12626746
Something something one child policy something something cultural obsession with owning land. Fun fact: in China literally everything is leased, with actual ownership being held by the government, so nobody there actually owns shit but whatever.

>> No.12626796

>>12626730
>buying a 3m dollar box positioned in between a bunch of wagies.

pathetic.

>> No.12626799
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12626799

>>12626792
That's probably why they don't have a landlord problem. Good idea.

>> No.12626830

>>12626792
The exact same thing happens with every other nation on the planet.

https://www.ft.com/content/070dcea4-8130-11e8-8e67-1e1a0846c475

>> No.12626841

>>12626743
nah fuck arabs man

>> No.12626845

>>12626730
A 3 million dollar house looks like THAT?

>> No.12626847
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12626847

>>12626730

>> No.12626849

>>12626830
Thanks for the useless paywalled link, but yes it does happen everywhere. Stop paying your property taxes and you’ll eventually find out who actually owns it.

>> No.12626850

>>12626787
and it's beautiful

>> No.12626857

>>12626792
>Fun fact: in China literally everything is leased, with actual ownership
In the USA, even if you completely pay off a house you STILL NEED TO PAY FUCKING PROPERTY TAX TO THE GOVERNMENT FUCK YOU GOVERNMENT FUCK YOU GOVERNMENT FUCK YOU GOVERNMENT REEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>> No.12626883

>>12626847
What's wrong with that? Looks like there's 12 units in there or so to rent out.

>> No.12626898

>>12626787
Imagine you go inside and it's actually a huge luxury bunker. Great sleeper property.

>> No.12626921

>>12626857
That's ok, that means they'll have an obligation to protect your property and have emergency services respond to it. You can't take care of hundreds of acres of land by yourself, costs less to pay land tax than it does to hire security and emergency shit for that amount of space.

>> No.12626939
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12626939

>>12626787
id buy that. its probably worth more than that

>> No.12626966

>>12626850
(here's why)

>> No.12626975

>>12626847
424m2 in one of the freest economy in the world.
3.5million are reasonable.

>> No.12627083
File: 72 KB, 922x638, sfshithole.png [View same] [iqdb] [saucenao] [google]
12627083

>>12626787
It was 350k in 2015
700-800k now
better avoid avocados fren

>> No.12627090

>>12626857
Property tax isn't that much if you're not in a big boomershed, shut the fuck up Stefan

>> No.12627110

>>12627083

lmfao

>> No.12627119

>>12626787
This would make a nice cuck shed

>> No.12627137

>>12626841
lol

>> No.12627170

>>12627083
what does it look like now?

>> No.12627182
File: 123 KB, 785x757, 7nhd3Z5.png [View same] [iqdb] [saucenao] [google]
12627182

I know several Millennial that just bought their first homes
I guess you dont know much

>> No.12627199

>>12626787
this is obviously surrounded by two retail properties on a commercial street and costs that much because someone could put a business there

>> No.12627262

>>12626787
Do you have any pictures of the backyard?

>> No.12627266

>>12627170

The exterior still look the same, but the interior is pretty well renovated. Most likely kept like this on purpose.

https://www.zillow.com/homedetails/16-De-Long-St-San-Francisco-CA-94112/15195901_zpid/

It was last sold for 622k. Which isn't that expensive for a single family house in a major city.

>> No.12627277

I do, which means locked in my rent for the next 20 years, have fun with your rent going up

>> No.12627347

>>12626746
mommy and daddy buying it for them doesn't count.

>> No.12627504

>>12626730
I don't like mowing
Townhouses are cheaper than apartments in my city so I'll probably be forced to "own" a house

>> No.12627531

>>12626883
i think that was the point considering its both 3 mill... corner building + all those bikes parked has to mean atleast some flow of traffic for first floor to be always in demand and 2 other stories you can rent out... fuck, being a landlord must feel nice in some countries.

>> No.12627965

I pray every day that the housing market crashes before the boomers die off

>> No.12628285
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12628285

>>12627266
>The exterior still looks the same
No, they fucked it up. Should have kept it the way it was for the memes

>> No.12628298

It's actually a hypercube and has 25 rooms. You just can't see them.

>> No.12628366

Why would I take a huge risk and lose flexibility when I can just rent for way below market level due to local rent control laws?

>> No.12628400

>>12627090
property tax is very significant. it's about 25% of what you'd be paying for rent. can be worse depending where you live.

>> No.12628624
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12628624

>>12626787

You could still make a killing with haunted house tours on Halloween.

>> No.12628648

Oh what a shock another dishonest thread on housing

>> No.12628652

>>12627965
That's because you're a piece of shit

>> No.12628687

>>12626921
Implying gubmint will preemptively protect your land.
Implying you have an option not to pay yhe tax and contract a private security xompany

>> No.12628753
File: 29 KB, 480x360, top gear caravan.jpg [View same] [iqdb] [saucenao] [google]
12628753

>>12626730

>> No.12628776

>>12626730

Minas Cuckith

>> No.12628812

>>12626883
>says 5 bedroom 4 bath apartment right on it
anon i...