/biz/ - Business & Finance

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Anonymous Wed Feb 20 10:38:05 2019 No.12808190 [Reply] [Original]

The average income of a Raleigh resident is $31,169 a year

>This 1,300 Sq Ft house in the middle of nowhere USA is estimated at over $350k
> Add on to your costs:
> 1.5% repair fees per ($5k/yr)
> 1.1194% property tax ($4,165.00/yr)
> Homeowners insurance ($1,131.96/yr)
> Basic utilities

How do Americans afford to live like this?

>>	Anonymous Wed Feb 20 10:39:02 2019 No.12808192 >>12808190 Don't live in liberal cities

>>	Anonymous Wed Feb 20 10:39:32 2019 No.12808196 >>12808190 It's pretty much like this in any first world town (except ones with n-ggers)

>>	Anonymous Wed Feb 20 10:41:22 2019 No.12808207 >>12808192 >>12808196 lol Raleigh is a liberal city? What city are you referring to? Some shack in the woods?

>>	Anonymous Wed Feb 20 10:42:14 2019 No.12808216 negative net value through leveraging their time spent wagecuking. in other words: slavery

Anonymous Wed Feb 20 10:48:59 2019 No.12808248

Raleigh has 300k people has major tech and medical companies and institutions such as Duke, Oracle, and Dell for starters.
Also if you're spending $5k a year on fixing your house your name must be Hank Hill or you bought a POS.
Additionally people buying houses here aren't making $31k, they're making $70+ because they work in IT.
That pic is a terrible example, I have a 2 floor 3bed 2.5bath for $214k 4 years ago and equity went up $30k. $20k downpayment and $1300 month on mortgage. I don't even spend enough on utilities and groceries to care how much they cost. If you go to NYC, la, SF your rent is $1500 shared butthole closet in the ghetto.
Next time your want to complain about stupid Americans, do your homework first you stupid ignorant retard.

>>	Anonymous Wed Feb 20 10:49:19 2019 No.12808250 >$5,000 a year for repairs Yeah, nah Still, just buy a Ford Transit and put a mattress and computer desk in it and you're good. Van dwelling is based, fashy, and redpilled

>>	Anonymous Wed Feb 20 10:49:26 2019 No.12808252 >>12808216 This house would cost about $32,136.00 per year to live in. That's $967.00 per year than the average income. And that's not even subtracting the state income and federal taxes one would have to pay on their $31,169 salary. Seriously, wtf?

Anonymous Wed Feb 20 10:52:12 2019 No.12808267

>>12808248
>>12808250
>The 1 Percent Rule. One popular says that one percent of the purchase price of your home should be set aside each year for ongoing maintenance. For example, if your home cost $300,000, you should budget $3,000 per year for maintenance.

So basically 3.5k instead of 5k. Still, I love how these anons defend the high cost of living lmao

Anonymous Wed Feb 20 10:54:16 2019 No.12808280

>>12808190
>The average income of a Raleigh resident is $31,169 a year
A house consists of more than 1 resident. Dual income family is the norm. $31,169 x 2 for a $350K house. So what the problem? Single income family? Don't buy a house. Nothing wrong with apartment or condo.

>>	Anonymous Wed Feb 20 10:57:04 2019 No.12808297 >>12808190 I just moved here last year and am fucking mad the prices are so high. it's bumfuck nowhere compared to where I came from

>>	Anonymous Wed Feb 20 11:01:44 2019 No.12808319 >>12808297 just commute with a car from a lower-cost area, like literally everyone else in the US

>>	Anonymous Wed Feb 20 11:08:16 2019 No.12808348 >>12808319 my gf and I are looking farther outside raleigh. I WFH but she has to commute downtown and doesn't want to live more than 20 minutes away. trying to find a decent place is difficult within city limits. decent in terms of schools too

>>	Anonymous Wed Feb 20 11:10:06 2019 No.12808357 >>12808190 Checked kikepedia, Raleigh has a pop of only 300k. It's nowhere, USA. No worries. Everyone can afford a house in Detroit. Prices are bound to shoot up, especially since it's literally the last place with cheap prices.

>>	Anonymous Wed Feb 20 11:12:55 2019 No.12808373 >>12808190 Just move in with mommy like I did.

Anonymous Wed Feb 20 11:16:32 2019 No.12808397

>>12808357
The Raleigh-Durham-Chapel Hill combined statistical area has more than 2 million residents (33rd in US) and home to 3 prominent universities, so obviously that's gonna drive up prices. Look up a house price map and you'll see that this is an expensive place in the US

>>	Anonymous Wed Feb 20 11:21:18 2019 No.12808436 >>12808397 its due to the (((Research Triangle))), largest collection of PHDs in the nation. tons of biotech startups.

>>	Anonymous Wed Feb 20 11:22:34 2019 No.12808444 File: 682 KB, 720x1280, Screenshot_2019-02-20-11-22-02.png [View same] [iqdb] [saucenao] [google] By not being retarded

Anonymous Wed Feb 20 11:27:18 2019 No.12808480
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>>12808267
How am I defending it? I said buy a van. I have no intention of ever buying a house, myself, even if I get "rich". I'd rather start a business and live out of the back room or something. This system where the federal reserve has been artificially inflating real estate costs for a long time is unsustainable and WILL come to an end one day.

https://thehill.com/opinion/finance/378004-home-prices-are-soaring-as-federal-reserve-hope-to-avoid-market-crash

>>	Anonymous Wed Feb 20 11:27:58 2019 No.12808484 >>12808444 >buying a shack in the ghetto so your loved ones can get raped by niggers when they leave the house

Anonymous Wed Feb 20 11:29:59 2019 No.12808498
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>>12808207
I know I’m relyinn to bait but the entirety of the Raleigh city government is liberal as shown here. It also has nearly 500,000 residents.
Yes, it is a liberal city.

>>	Anonymous Wed Feb 20 11:32:25 2019 No.12808509 >>12808348 It looks like it gets better south of the city https://www.zillow.com/homes/for_sale/2086983564_zpid/0-300000_price/0-1178_mp/35.717649,-78.60235,35.694929,-78.633507_rect/14_zm/1_fr/

>>	Anonymous Wed Feb 20 11:33:56 2019 No.12808518 >>12808436 yeah I almost went to UNC, but stayed in-state to save $$$.

Anonymous Wed Feb 20 11:36:24 2019 No.12808529
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>>12808190
>>12808207
>>12808252
>>12808267
Are you the same anon thats been posting threads about housing all this week? Havent you come to the realization that Amerrica is a slave country?

America is the biggest slave country in the world. We like to think we are free, but its the exact opposite. Americans are competing with the Japanese as like, the hardest working 1st world country. People are expected to work 50+ hours a week, every day, except the weekend.

Just take that in. Thats literally 75%+ of your time is spent working. And our boomer parents actually think this is healthy. They think its fucking healthy to be spending the vast majority your time working. This is both a monetary and cultural thing. You are expected to work regardless if you have the money or not.

The ONLY EXCEPTION is if you own your own business. Its the only way out of the system. Which is why they have so many barriers for Small businesses. They dont want you off the plantation.

Hey man I am all for hard work and being rewarded. But this is really no different from serfdom. The housing market is specifically set up to screw the population and make a few people rich, just like everything else in America.

Raleigh has the "research triangle" which inflates the prices. Still, this is comparable to the cost of living here in NJ, which houses usually go for $200-300k a pop unless you want to live in a shack.

It's like that across the nation in all areas where there is civilization.

>>	Anonymous Wed Feb 20 11:37:45 2019 No.12808537 >>12808498 I think you mean it's a liberal place. A "liberal city" would have to be liberal compared to most cities, which Raleigh is not

Anonymous Wed Feb 20 11:39:30 2019 No.12808551

>>12808529
Actually whoops, the prices here on average range for $200k on the low end to over a million if you want a very nice house in a very nice neighborhood. Yes its fucking ridiculous. Yes its slave labor.

Buying a house is literally one of the worst investments you could EVER do. Perhaps in the past it was great, like 200 years ago. With the government artificially keeping things afloat, its a losing battle. You are better off investing into the rental market instead because money comes in much quicker and its less risk.

Just buy an apartment.

Anonymous Wed Feb 20 11:39:33 2019 No.12808552

>>12808498
>implying that those gov officials control every real estate office in the county/city/state and directly govern prices of the free market
>not realizing that the high cost of real estate comes from NC good ol' boys who've owned land for centuries and run all of the real estate firms in town
just lol

Anonymous Wed Feb 20 11:43:41 2019 No.12808589

>>12808529
cry more. the east coast is obviously going to be expensive as everyone there is terrified of living in "uncivilized" and boring middle America. I love it though. I can shoot squirrels in my back yard, pee off my balcony, all my neighbors are white and helpful, and milk is $1/gal

>>	Anonymous Wed Feb 20 11:45:39 2019 No.12808604 >>12808589 and we wonder why China and Russia are outpacing us in AI research and medical technology

>>	Anonymous Wed Feb 20 11:49:13 2019 No.12808634 >Why is this house with a yard within walking distance of downtown expensive Holy shit, just move 20 minutes away. Why do millennials hate driving?

Anonymous Wed Feb 20 11:50:32 2019 No.12808644
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>>12808589
>cry more. the east coast is obviously going to be expensive as everyone there is terrified of living in "uncivilized" and boring middle America.

Literally who are you? Why should I care what you do in bumfuck kansas? Huh?

>>	Anonymous Wed Feb 20 11:52:06 2019 No.12808656 >>12808190 Lol come to the Bay Area you cuck

>>	Anonymous Wed Feb 20 11:53:39 2019 No.12808662 >>12808604 *you wonder. you're free to apply for citizenship elsewhere if you can't stand the irregular progress of freedom. in the mean time, I'm comfy

>>	Anonymous Wed Feb 20 11:56:44 2019 No.12808681 >>12808644 you live in shithole Jersey, dumbfuck. why would anyone want to live on the east coast outside of like Delaware and Maine coast? It's just miserable liberals everywhere

>>	Anonymous Wed Feb 20 11:57:29 2019 No.12808686 >>12808681 How's Virginia Beach?

>>	Anonymous Wed Feb 20 12:02:50 2019 No.12808734 >>12808686 isn't that like 70% black? I'm in 98% white southeastern Indiana

Anonymous Wed Feb 20 12:05:05 2019 No.12808752

>>12808190
foreigners and boomers are keeping the property market propped up. It will collapse relatively soon. The only millennials and younger who are living on their own either have family help, in crypto, or they code. Home prices will collapse toward wages imo.

>>	Anonymous Wed Feb 20 12:07:31 2019 No.12808769 >>12808190 So do you look through Zillow listings just to find houses so that you can make these threads?

>>	Anonymous Wed Feb 20 12:07:50 2019 No.12808777 >>12808190 You get married or get a roommate to split it, even if you're both making 45k you could easily afford that with 90k household income

>>	Anonymous Wed Feb 20 12:09:15 2019 No.12808791 >>12808551 dude it’s just a bubble. The US is a leveraged credit cycle economy. This happens literally every 10 years. Just wait and then buy the house during the liquidation phase as all the plebs have their loans called in

>>	Anonymous Wed Feb 20 12:10:28 2019 No.12808802 >>12808777 get a (((roommate))) goy. Be a little kid forever so you can buy a boomer’s house at peak valuation

>>	Anonymous Wed Feb 20 12:13:27 2019 No.12808818 File: 23 KB, 363x550, ede2b35ab00e4365be8e199112a17567.jpg [View same] [iqdb] [saucenao] [google] >>12808681 And you live in where? Indiana? Lol you dumb nigger why would anyone want to live out there? GTFO

Anonymous Wed Feb 20 12:17:45 2019 No.12808842

>>12808734
I drove through Fredericksburg en route to Paoli for work, and it was probably the most depressed, saddest town I've ever driven through, and I've lived in Baltimore. The Paoli Taco Bell/KFC marquee sign read "God save our town" and I'm not making that up. The people in SE Indiana are amazingly friendly, honest people, but there is a serious lack of opportunity there for most people.

Anonymous Wed Feb 20 12:18:09 2019 No.12808844

>>12808681
Nah you know what I'll cut the crap. I fully agree with you that NJ is full of miserable brainwashed idiots that keep voting in the same people and complain about how their taxes are so high. If I could I would move out of here ASAP. I'd like to move down south.

Anonymous Wed Feb 20 12:21:11 2019 No.12808872

The solution to everyone’s problems here is to make more money. It’s fucking simple. Stop being a useless piece of shit and expecting to get perks in life: that’s not how things work. Buying a $300k house is not fucking hard. Making $300k per year is not fucking hard unless you’re nigger tier.

>>	Anonymous Wed Feb 20 12:21:50 2019 No.12808879 >>12808190 >middle of the burbs >called a "Ranch" Why a real estate agents such liars

>>	Anonymous Wed Feb 20 12:22:36 2019 No.12808892 housing prices will go up for 5 more years then bottom out (depending on location of course). screen cap this

Anonymous Wed Feb 20 12:55:26 2019 No.12809185
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Actually, it is doable and after 20 years, it is yours.
It is quite a paycheck-to-paycheck-life and would be too much of a burden for average income, but not impossible.

A 200k house however would be more fitting for this bracket - about 1k left over each month with this.

>>	Anonymous Wed Feb 20 13:03:12 2019 No.12809258 >>12809185 >no savings >no money for entertainment >implying I can get a girlfriend >implying I have a job >no income from Good Boy Points >no tendies spending in excess of $30,000 a month bullshit

>>	Anonymous Wed Feb 20 13:04:56 2019 No.12809271 >>12809258 >paycheck-to-paycheck-life and would be too much of a burden for average income

Anonymous Wed Feb 20 13:06:37 2019 No.12809284
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All day long OP browses homes he'll never be able to afford because he's such a fucking loser.

Then he posts them here thinking he'll be praised by similar doomer scum. Truly pathetic

Anonymous Wed Feb 20 13:07:53 2019 No.12809294

>>12809271
Needless to say: most 'muricans already are living paycheck to paycheck without buying a house.

So saying that 350k is not managable for the average income bracket is not correct. It is however still not advisable.

But hell, 'murican does what 'murican does.

>>	Anonymous Wed Feb 20 13:09:59 2019 No.12809323 >>12809294 its just more reason to start your own business. If you get trapped wagecucking you're doomed to being poor

>>	Anonymous Wed Feb 20 13:11:02 2019 No.12809334 >>12808196 naggers?

Anonymous Wed Feb 20 13:12:01 2019 No.12809349

>>12808190
>average income per resident is X
>that's not enough to afford this house I chose arbitrarily
>how can Americans live?
People who make $31k don't live in houses like that (unless their spouse also works, in which case $62k is plenty to afford that).

>>	Anonymous Wed Feb 20 13:22:08 2019 No.12809452 >>12809323 >assumes "being trapped" does not happen, if you own a business Guy, there is no way to be more entrapped than having a high-interest business credit and a loan for your house at the same time.

Anonymous Wed Feb 20 14:22:46 2019 No.12809962

>all these millennials thinking the housing market will collapse

It won't. there are too many checks in place since 2008 and sub prime is no longer a thing. Prices are high now because there's no inventory because the suburbs are already built up so there's a condo boom the last 10 years. If anything the condo market will get less pricey, but won't collapse. SFR will probably stay the same/continue to grow

>>	Anonymous Wed Feb 20 14:26:57 2019 No.12810000 >>12808267 Home ownership is only that expensive if you're a complete retard about it.

>>	Anonymous Wed Feb 20 14:27:45 2019 No.12810007 >>12809452 >high-interest business credit And that's why you dont take loans >a loan for your house at the same time ....oh wait, I get it now. This is your situation? You did one or both of these? Lol you're a fucking dumbass! lmao

Anonymous Wed Feb 20 15:52:45 2019 No.12810902

>>12810007
>You did one or both of these?
Nope.
Working as a general business consultant and teaching business courses in uni part time, I just know the situation of most people falling for the "muh uwn busssiniz"-meme.

Opening your own business is simply not always advisable.

>>	Anonymous Wed Feb 20 16:18:47 2019 No.12811169 Op, that house is smack dab in the middle of downtown in an up and coming area. Nice try. Houses in the middle of nowhere go for like $80k.

Anonymous Wed Feb 20 16:21:53 2019 No.12811208

Why are americans paying so much for some shitty cardboard boxes? and you probably are forced to insure that junk too. Here in europe at least in my country nobody pays home insurance, houses are built from bricks, plastered, solid roofs, none of that north american trash that relases toxins on top of oeverything
property tax is absolute cuckery, here we pay like $50 a year in property taxes.

>>	Anonymous Wed Feb 20 16:27:56 2019 No.12811261 >>12808190 Because boomers who make 31k bought their houses 20-30 years ago when they were 1/5 the current prices I make twice what my mom makes but I couldn't afford her house

>>	Anonymous Wed Feb 20 17:04:42 2019 No.12811557 File: 994 KB, 1087x510, opisafaggot.png [View same] [iqdb] [saucenao] [google] There are some good deals in NC Considering the state of weimerica , pic related will be worth 500k in 2 years

>>	Sage Wed Feb 20 17:07:15 2019 No.12811579 >>12808529 Unfortunately, you are indeed correct, based, and redpilled Capped

>>	Anonymous Wed Feb 20 17:09:54 2019 No.12811599 >>12808551 >buy-to-let No. Get that cancer out of here

>>	Anonymous Wed Feb 20 17:13:26 2019 No.12811634 >>12808604 citation needed you plebbit faggot

>>	Anonymous Wed Feb 20 17:16:24 2019 No.12811661 File: 219 KB, 645x729, 162A971D-272F-460A-AD91-8E2494AD539E.png [View same] [iqdb] [saucenao] [google] >>12808589 t. Literal rural retard

>>	Anonymous Wed Feb 20 17:16:57 2019 No.12811668 >>12811208 which shithole are you from?

>>	Anonymous Wed Feb 20 17:18:23 2019 No.12811684 >>12811668 Mad that your plywood house got blown over again?

>>	Anonymous Wed Feb 20 17:19:44 2019 No.12811691 >>12809185 > It's doable for 2 people pooling their income for 20 years while living frugal. there is no roastie who would split this risk 50/50

>>	Anonymous Wed Feb 20 17:45:04 2019 No.12811899 >>12811668 Poland, it may be a shithole for you but I'm probably living on a better standard than most "1st worlders" and also don't have to worry about niggers and spics breaking into my house or causing any trouble around

>>	Anonymous Wed Feb 20 17:55:54 2019 No.12811985 we can blame china for this. china is the new superwpoer and its cucking west so bad.

>>	Anonymous [O1G] Wed Feb 20 17:57:24 2019 No.12811999 >>12808196 at least you are not forced into commie-blocks

>>	Anonymous Wed Feb 20 17:59:15 2019 No.12812018 File: 21 KB, 387x472, 15411892247380.jpg [View same] [iqdb] [saucenao] [google] >>12808604 >Russia >science Pick one comrade.

>>	Anonymous Wed Feb 20 18:02:47 2019 No.12812056 >>12808529 Fukken saved

>>	Anonymous Wed Feb 20 18:06:05 2019 No.12812072 FUCK BOOMERS!!!!!!!!!!!!!!!!

>>	Anonymous Wed Feb 20 18:07:00 2019 No.12812080 File: 114 KB, 2150x562, Screen Shot 2019-02-20 at 6.06.34 PM.png [View same] [iqdb] [saucenao] [google] >>12812018

>>	Anonymous Wed Feb 20 18:11:10 2019 No.12812108 >>12808529 some people would just fail in any system so just lets watch them fail in this one, who cares 1 BTC and you won't ever starve or be homeless

Anonymous Wed Feb 20 18:20:49 2019 No.12812198

>>12808267
that's a stupid stacy-tier approximation though because maintenance costs don't scale linearly with price. sounds like that dumb shit that says you should spend X amount of your salary on rent, or X month's salary on a diamond ring.

realistically, there are some invariant maintenance costs just with a house in general regardless of size i.e. your hvac unit. but if anything it should be modeled as a nearly flat rate and then a multiplier for square footage on top of that, but definitely not 1% of price.

price/sqft varies wildly and maintenance costs do not. plop the same unit in a major intown residential community vs out in the country and you're going to have a 3-4x price multiplier for the exact same lot/land.

>>	Anonymous Wed Feb 20 18:23:02 2019 No.12812216 >>12812080 Wtf are you threatening me?

>>	Anonymous Wed Feb 20 18:57:58 2019 No.12812482 File: 398 KB, 1242x1125, 94F4ECFC-A2EB-4A4F-8E62-5A582DAA4AC7.jpg [View same] [iqdb] [saucenao] [google] >>12811661 Brainwashed NPC cuck.

>>	Anonymous Wed Feb 20 21:01:06 2019 No.12813452 >>12808551 >Just buy an apartment. But those complexes are at the millions if not close to half a billion.

>>	Anonymous Wed Feb 20 21:06:48 2019 No.12813484 >>12808190 This house would have sold for 25k in the 90s. The trick is to live with parents who bought the housr in the 90s.

>>	Anonymous Wed Feb 20 21:09:25 2019 No.12813501 >>12808190 I live in a cold state so $350k will get you a 3,000 sq ft brand new house on a 1/2 acre.

>>	Anonymous Wed Feb 20 22:34:02 2019 No.12814117 >>12808190 You fucks don't know what expensive housing is... I was born and raised in San Francisco CA... People here are buying fire damaged homes with no roof for $900,000.... We are in a fucking bubble... I look forward to the crash...

>>	Anonymous Wed Feb 20 22:35:46 2019 No.12814125 >>12808196 https://www.youtube.com/watch?v=_PH4E2zx8gg nuggers?

>>	Anonymous Wed Feb 20 22:46:20 2019 No.12814190 >>12808190 >>12808444 >american "houses" holy shit imagine spending 6 digits on a wooden shack

>>	Anonymous Wed Feb 20 22:55:24 2019 No.12814243 >>12814125 toppest kek

>>	Anonymous Wed Feb 20 23:06:58 2019 No.12814317 >>12808190 Imagine complaining that it's only $350k, lol. In most cities that same place would go for a couple million, my dude

>>	Anonymous Wed Feb 20 23:07:59 2019 No.12814327 >>12808196 noggers?

>>	Anonymous Wed Feb 20 23:09:22 2019 No.12814339 >>12808267 >thinks 70k is 1% status

>>	Anonymous Wed Feb 20 23:10:25 2019 No.12814353 >>12810000 checked.

Anonymous Wed Feb 20 23:26:45 2019 No.12814496
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>>12808529
>Americans are competing with the Japanese as like, the hardest working 1st world country.
Not really anon, Mexico works way harder than US and Japan
However Mexico unlike the US and Japan isn't as ridiculously indebted

>>	Anonymous Wed Feb 20 23:35:54 2019 No.12814573 File: 167 KB, 800x1956, Screenshot-2019-2-20 Households Debt to GDP - Countries - List - cropped.png [View same] [iqdb] [saucenao] [google] >>12814496 See this picture, the US is amongst the most indebted countries household to GDP wise

>>	Anonymous Wed Feb 20 23:40:45 2019 No.12814623 >>12814190 you're paying for the land. It's the location that is ridiculously valuable

>>	Anonymous Wed Feb 20 23:41:57 2019 No.12814629 >>12808190 They cant. The system will implode very very soon.

>>	Anonymous Wed Feb 20 23:43:30 2019 No.12814644 File: 2.59 MB, 800x800, 1548119547087.gif [View same] [iqdb] [saucenao] [google] >>12809962 >he doesn't know about the everything bubble

>>	Anonymous Wed Feb 20 23:45:03 2019 No.12814660 >>12814644 It's just hyper inflation. Not a bubble.

>>	Anonymous Wed Feb 20 23:54:10 2019 No.12814725 >>12808484 >implying they'll even have to leave the house

>>	Anonymous Thu Feb 21 01:28:51 2019 No.12815252 >>12814573 >counting mortgages as debt This might as well be a graph for home ownership rates.

>>	Anonymous Thu Feb 21 01:47:36 2019 No.12815342 >>12808190 Wtf are you talking about faggit

>>	Anonymous Thu Feb 21 01:52:54 2019 No.12815368 >>12808777 Fuck i wish my gf would work

>>	Anonymous Thu Feb 21 01:58:19 2019 No.12815390 >>12808190 Just start burning down all the banks. Problem solved.

>>	Anonymous Thu Feb 21 02:28:57 2019 No.12815542 >>12815252 >it's okay goy, mortages aren't debt because muh houses always go up, trust me stupid goyim

>>	Anonymous Thu Feb 21 02:37:35 2019 No.12815580 >>12815542 >good goy, keep paying for your landlord's property forever!

>>	Anonymous Thu Feb 21 02:39:19 2019 No.12815589 >>12815580 >he believes this How cute Renting it's cheap compared to the stupidly high prices of property

>>	Anonymous Thu Feb 21 02:46:04 2019 No.12815612 >all these chicks thinking they'll but up housing in the next dip In the next dip, none of you will qualify for credit and REITs will be swooping up every repo house they can get their hands on.

>>	Anonymous Thu Feb 21 02:49:17 2019 No.12815623 >>12808357 The market would fix it, yes, if the government wasnt getting involved. You cant buy Detroit houses without paying the tax so that the former residents refused to pay, plus interest.

>>	Anonymous Thu Feb 21 02:54:02 2019 No.12815639 >>12809185 >6% income tax Yeah from State lmao add Federal too. Plus good luck getting a woman to be frugal for 20 years. They will leave you.

>>	Anonymous Thu Feb 21 03:00:18 2019 No.12815666 File: 21 KB, 500x378, courage.jpg [View same] [iqdb] [saucenao] [google] >>12811169 But creepy stuff happens in nowhere. https://www.youtube.com/watch?v=uhiLTnPG_mM

>>	Bitcoinfuelhauler !!AQmQIwSif60 Thu Feb 21 03:46:03 2019 No.12815887 File: 92 KB, 1024x576, FB093AD9-97EC-49B9-9B33-468F65AB4CAA.png [View same] [iqdb] [saucenao] [google] >>12808190 Texas is superior again. Yes, I am a Texassupremist. Deal with it.

>>	Anonymous Thu Feb 21 03:46:50 2019 No.12815894 >>12815887 https://www.youtube.com/watch?v=hT47Ysl-2Ew

>>	Bitcoinfuelhauler !!AQmQIwSif60 Thu Feb 21 03:50:17 2019 No.12815915 >>12815894 This convinced me of the error of my ways. I now know that California is the best. Thanks anon.

>>	Anonymous Thu Feb 21 03:57:24 2019 No.12815955 File: 646 KB, 800x800, arnold statue.jpg [View same] [iqdb] [saucenao] [google] >>12815915 I'm glad you see the light. Seriously though, Texas is awesome. Definitely one of the best places to live.

>>	Anonymous Thu Feb 21 04:34:28 2019 No.12816147 >>12808190 Fuck USA, jewnited shitstain of a nig nog ooga booga hole, not chance in hell, run

>>	Anonymous Thu Feb 21 04:37:43 2019 No.12816165 File: 47 KB, 500x500, oriented-strand-board-500x500.jpg [View same] [iqdb] [saucenao] [google] >>12808190 $350k for a wooden shack, or worse, a shack made of glued together woodchips. Americans are retarded for paying that much for shit construction.

>>	Anonymous Thu Feb 21 06:00:15 2019 No.12816514 >>12808190 >North Carolina >$350k wooden shack Americas get Jewed harder than anyone else in the world.

>>	Anonymous Thu Feb 21 06:05:58 2019 No.12816537 >>12808196 Hey bro you're allowed to say nigger on the internet

>>	Anonymous Thu Feb 21 08:29:59 2019 No.12817261 >>12808529 What are all the barriers to starting a small business?

>>	Anonymous Thu Feb 21 08:32:37 2019 No.12817280 >>12816165 >Americans are retarded >>12816514 >Americas get Jewed harder than anyone else in the world. True facts!

>>	Anonymous Thu Feb 21 08:35:27 2019 No.12817295 Why do so many of you fags have such disdain for co-existing in the same zipcode as people who don't share your political ideologies? You don't even leave the house anyway.

>>	Anonymous Thu Feb 21 08:48:58 2019 No.12817376 >>12814496 Mexico is a third world country. Plus why should anyone believe a graph that places Germany last? Gtfo

Anonymous Thu Feb 21 09:11:36 2019 No.12817495

>>12817261
For one, money itself. As the old saying goes, you need to have money in order to make money. With the advent of the internet, this has lessened a bit, but it still applies for the most part. You want to set up shop on main street? You need real estate, the very same market that affects your housing prices. You need inventory, you need product, or if you provide a service, you need people.

Now tell me how many people are living paycheck to paycheck?

But ok you say, I'm going to save up money! Ok, great. But first you're going to have to spend years paying off the college debt, right? Because you absolutely need to go to college right? Accumulate loads of debt for a piece of paper that tells other people how smart you are. This goes double for people in licensed professions.

Then theres the fact that you will have to file numerous paperwork with the government. Taxes, HR laws. "Diversity", "anti discrimination" laws. Every small business' bane. This is all a net drain on business. Want to hire people? Not to fast buddy. You want to scale? Not so fast. You have to pay the right people first.

>>	Anonymous Thu Feb 21 09:18:53 2019 No.12817537 >>12808196 qhats wrong with nuggers?

>>	Anonymous Thu Feb 21 10:46:00 2019 No.12818142 >>12808280 >America >Two parent households Pick one

>>	Anonymous Thu Feb 21 10:48:06 2019 No.12818157 >>12808267 Americans are the best goyim

>>	Anonymous Thu Feb 21 10:52:19 2019 No.12818185 >>12814117 >born and raised in SF Ni hao

Anonymous Thu Feb 21 10:54:59 2019 No.12818203

>>12817376
Graph is basedon hors worked per week.
Mexico works the longest shifts but experts say working too long is retarded because productivity stalls after a certain point.
The US can get fucked though, lmao @ Amerimutts thinking they’re first world.

Anonymous Thu Feb 21 11:04:43 2019 No.12818258

>>12814660
This though I'd say it's even worse: hyperstagflation. Prices are high in some assets and services because the government can't price fix everything and their fudged economic data can only conceal so much. You don't have to look very hard to see the industries, services, and assets that reveal the truth about how bad things really are. Hint: a few of them are the ones people are always bitching about. Also unemployment is WAY fucking worse than official figures show.

>>	Anonymous Thu Feb 21 11:07:17 2019 No.12818275 File: 123 KB, 1370x673, russianhouse.jpg [View same] [iqdb] [saucenao] [google] >>12808190 move to russia lol

>>	Anonymous Thu Feb 21 11:10:37 2019 No.12818299 File: 478 KB, 946x532, 1546437206912.png [View same] [iqdb] [saucenao] [google] >>12808190 that's a great price wouldbuy/10

>>	Anonymous Thu Feb 21 11:15:17 2019 No.12818331 >>12808248 Well said, OP you are a fucktard.

Anonymous Thu Feb 21 11:16:26 2019 No.12818347

Let's say you put down $90k (roughly 25%) and finance the other $260k. That gives you a mortgage payment of roughly $1,300 per month. Add another $550 or so for taxes, insurance, and maintenance. That's $1,850 cash flow you need to meet. I see other 3-bed houses in that neighborhood offered to rent for $1,900. That's your gross rent revenue (before allowing for vacancy expense, etc.). So, that's $50 per month profit on gross rent revenue. Probably not worth it. If you put down 50%, that pulls your outlay down to about $1,200. That gives you about $700 per month average cash flow before vacancy expense, but it means you're putting down $175k up front to get it. That's a little under a 5% rate of return (assuming no vacancy expense) ignoring any possible long term capital gain or loss. Meh. I can think of better places to put $175k.

>>	Anonymous Thu Feb 21 11:18:37 2019 No.12818368 >>12817495 This... The system is rigged as fuck. Needs to be destroyed completely to start over.

Anonymous Thu Feb 21 12:44:15 2019 No.12819139

>>12818347

You forgot another important thing. Only part of the mortgage payment is lost to paying the cost of interest. The part that goes to principal turns into equity, which can be cashed out once you sell the house. It is the more important part of your return on investment, when dealing with real estate.

Anonymous Thu Feb 21 13:31:46 2019 No.12819612

>>12818347
>>12819139

For example, for your first figure, with 90k down payment, at the current big bank 30 year conventional mortgage interest rate of 4.25%. Your monthly payment is $1279 per monthly. After your stated $550 in taxes and other expenses, you have have a cashflow of $71.

Which is slightly under 1% return.

Now take a look at the equity side of things.

At that interest rate, assuming you hold the house for 30 years. You will have paid $460,455.74 in mortgage payment, of which $200,455.74 is to interest.

On average, you will get about $722 in equity each month, from the equity gained. Because of how amortization works, you don't get that evenly, it is more back end heavy.

Over a 30 year period, assuming the house never appreciated in value and the rent never increased. You will have a return of around 10.58%.

>>	Anonymous Thu Feb 21 14:26:04 2019 No.12820118 >>12817495 Can you speak more on the paperwork? Is there a list that compiles all the necessary filing?

EVEiscerator !ms6RI6Gn.A Thu Feb 21 15:05:54 2019 No.12820474

Ya but its next to Charlotte where i make 40-50k and have 450 a month rent split in two. Why the fuck would you want to live in Raleigh? Everytging there sucks. The food, the people, the art scene, the music. Durham is at least cool, bit expensive. Charlotte is the future, get in while you can.

>>	Anonymous Thu Feb 21 15:22:11 2019 No.12820644 >>12820474 Nice. What complex did you say you lived in?

>>	Anonymous Thu Feb 21 15:23:00 2019 No.12820653 File: 24 KB, 145x148, 12515212552.png [View same] [iqdb] [saucenao] [google] >>12808190 Most people have a fuckton of loans and are fucked without a paycheck. They have very little actual money

>>	Anonymous Thu Feb 21 15:25:31 2019 No.12820678 >>12814644 Everything but wages ;)

>>	Anonymous Thu Feb 21 15:34:23 2019 No.12820762 >>12814496 > 1.6k on chart > 2.0k standard work time defined legally pulled out of ass chart not surprised by incompetence of oecd monkeys

Anonymous Thu Feb 21 16:00:20 2019 No.12821040
File: 103 KB, 684x576, 1518160834591.png [View same] [iqdb] [saucenao] [google]

>>12808734
As someone who used to live there, it's comfy to be in Indiana, but in the worst way. Everyone is equally depressed, some become alcoholics or do opiates or other drugs. But for the most part it's peaceful and boring. I lived like there for nearly 10 years and I'm not even surprised about the fact that a good chunk of my graduating class that didn't move out of the state already died or offed themselves. If you like the comfortable embrace of malaise and death, Indiana is the perfect state for you. It's depression in the form of a state.

>>	Anonymous Thu Feb 21 16:40:53 2019 No.12821459 >>12808357 Wake county has 1m people

Anonymous Thu Feb 21 16:44:22 2019 No.12821488

Also, pretty much anything inside the beltline is going to be 300k+. Southeast raleigh got gentrified so there are really not anymore "hoods" inside the beltline for cheap houses. Alot of neighborhoods inside the beltline are rental only because of all the colleges.

>>	Anonymous Thu Feb 21 16:54:17 2019 No.12821566 >>12820474 Yeah, raleigh sucks but charlotte really isnt much better. There is a fuck ton of money in charlotte though. The real future is believe it or not, greensboro. Look at all of the highways that intersect there.

Anonymous Thu Feb 21 18:36:28 2019 No.12822511

>>12819612
and the alternative to owning is renting so over those 30 years your rent will have risen 10 fold. Imagine what rent prices will be in 2049. MUCH higher than they are now, whereas a buyer is locked into $1300 rent over that 30 years and then pays no mortgage after that. Whereas a renter will always have rising rent. It doesn't make sense to rent

>>	Anonymous Thu Feb 21 18:43:46 2019 No.12822587 File: 269 KB, 664x544, 1524075938695.png [View same] [iqdb] [saucenao] [google] I want to live in new hampshire How redpilled is new hampshire?

>>	Anonymous Thu Feb 21 18:53:59 2019 No.12822656 >>12815887 Texas has obscene property taxes and massive unchecked urban sprawl. I like it there but it’s not perfect.

Anonymous Thu Feb 21 19:01:21 2019 No.12822704
File: 57 KB, 924x622, backtowork.jpg [View same] [iqdb] [saucenao] [google]

>>12820474

Charlotte is completing reliant on banking. If Bank of America or Wells Fargo collapses, you're fucked. I think both will eventually so you're fucked

t. boomer fag worked at BOA and Wells

>>	Anonymous Thu Feb 21 19:25:04 2019 No.12822889 >>12820762 Post some other source that contradicts OECD stats faglord

>>	Anonymous Thu Feb 21 19:50:37 2019 No.12823085 Redpill me on real estate investing. I've done some numbers and found some sweet 20%+ cash on cash homes. I'm honestly thinking about doing it because I'd rather own property than stoinks.

>>	Anonymous Thu Feb 21 20:39:17 2019 No.12823446 >>12808190 That cracka box isn't worth $120k.

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