/biz/ - Business & Finance

[Anonymous No.18449795]

Why are millennials cheering for a housing market crash?

[Anonymous No.18449839]

>>18449795

[Anonymous No.18449848]

because believe it or not some millenials want a house. Boomers asking 600 grand for 900 sqft with no property is fucking retarded

[Anonymous No.18449862]

Cause most homes have DOUBLED in price within the last 10 years.

[Anonymous No.18449874]

we would like to live in a home sir

[Anonymous No.18449882]

>>18449795
Suppose there is a housing correction.
Banks will only lend with 20% down and 6 months of emergency funds for the mortgage/property tax payments. Plus millennials will be unemployed and unable to meet those requirements.
Vulture capital will reap the day.

[Anonymous No.18449899]

if housing looks like crashing they'll just bring in a few more million cashed out chinese

[Anonymous No.18449903]

NOOOOOOOOOOOOOOOOOOOOO 30 YEAR OLDS CAN'T JUST BUY HOMES REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

[Anonymous No.18449907]

>>18449795
This has to be a troll

[Anonymous No.18449909]

>>18449848
You’re not entitled to live in a high col area if you can’t afford it then move
>>18449874
U.S has plenty of affordable housing, sorry you won’t be in LA or NYC

[Anonymous No.18449910]

>>18449848
This is a good deal, goyim.

[Anonymous No.18449912]

>NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
>YOU CAN'T JUST LET OVER INFLATED ASSETS RETRACE TO SENSIBLE LEVELS
>YOU HAVE TO PRINT MORE MONEY AND PROP THEM UP AND ALSO IMPORT SHITSKINS TO MAKE UP THE DIFFERENCE
>THIS IS LANDLORDS FAULT!

[Anonymous No.18449936]

>>18449795
Because boomers deserve to be savagely beaten to death in the streets.

[Anonymous No.18449941]

>>18449909
i live in illinois sir and have a 4 year degree in business sir could i please have a decent home or do i need to eat more bootstraps?

[Anonymous No.18449954]

>>18449795
Let it burn, the banks de-listed houses just to keep the prices up after 2008.

[Anonymous No.18449977]

>>18449941
Just move in with 10 of your friends and buy the house together... do the needful

[Anonymous No.18449993]

>>18449941
I make 45k and have a house in my state capital for 170k, get over it. I didn’t go to college either. I work at a warehouse

I also have no neighbors behind me, and I’m not in a ghetto
Cope

[Anonymous No.18450002]

>>18449941
I live in Illinois and I bought a house...
apply yourself kid

[Anonymous No.18450005]

Boomer landlords getting the rope would fix anything related to housing

[Anonymous No.18450008]

>>18449795
This has to be bait. There's no way this is a real article published by someone with an intention of anything but satire.

[Anonymous No.18450013]

>>18449909
You're not entitled to high real estate prices either tho

[Anonymous No.18450017]

>>18449795
Has anybody had to cut back on tipping their landlord? I used to go with a 20% tip, but have had to cut back to 5% and I feel kind of bad... Not sure if this is an American thing, but

[Anonymous No.18450025]

Ventilate Boomer

[Anonymous No.18450040]

>>18450005
Look another retard

>>18449426

Socialists are seriously pants on head retarded.

[Anonymous No.18450043]

>>18449993
>I did it
>So can every one else!

[Anonymous No.18450044]

my entire plan was to make it in crypto and buy a house in cash after it dips 70% so yeah, I am cheering it on.

[Anonymous No.18450057]

>>18449993
t. flyover state

[Anonymous No.18450062]

>>18449909
No one is entitled to anything faggot, millennials aren’t entitled to homes but neither are boomers entitled to profits. Everyone roots for what benefits them. If anything the boomers are entitled if they expect millennials to side with them for moral reasons.

[Anonymous No.18450077]

>>18449993
>low wage job
>spent 3.8x his annual wagie salary on a home

lmao

[Anonymous No.18450080]

>>18449795
I'm not even as mad about the prices as much as I am about rich boomers hoarding like 5 or 6 houses at once trying to play landlord. The city where I live still has somewhat bearable prices, and yet there are already people paying $600/mo for one ROOM in a house.

[Anonymous No.18450122]

>>18450077
cope

[Anonymous No.18450195]

>>18449909
Ok boomer, no one cares about your 401k

[Anonymous No.18450196]

>>18450002
okay retard.

>>18449993
>i live in flyover and bought a pile of plywood and drywall for 170k. cope.
Anyway, I don't see anything wrong with hoping for a market correction.

[Anonymous No.18450227]

>>18450017
Luckily I am in a financial position where I can keep up my 15% monthly tip. Embarassingly though, I was only able to afford a $200 bonus over the holidays because my car broke down and needed emergency repairs. Normally I offer my landlord a holiday bonus equal to one full months' rent and I usually try to throw in a basket of home baked christmas cookies as well. I wasn't able to do either this year and I worry that I've fallen in their esteem. I received a sternly worded letter in March reminding me that I am just, in their words, 'another rentcuck paypig like any other that [they] could replace at the drop of a hat', which was quite hurtful to hear as I thought I had I gone above and beyond these past two years to really distinguish myself from the rest of the rentier class. But I can't blame them, I really dropped the ball on their holiday bonus. If I get evicted, I'll fully understand it to be my own fault.

[Anonymous No.18450249]

>>18450196
Post house retard. You niggers are so insufferable, I swear.

[Anonymous No.18450252]

>>18450196
stop coping, start working smarter and saving up

[Anonymous No.18450266]

the same reason nocoiners post bobos.

[Anonymous No.18450268]

>>18449993
>in my state capital
Notice how this anon didnt specify which state.

[Anonymous No.18450285]

DAY OF THE PILLOW

[Anonymous No.18450290]

>>18450268
Midwest obviously. Pretty similar to Illinois

[Anonymous No.18450296]

>>18450268
Nebraska-ass state

[Anonymous No.18450303]

>>18450249
???? You can't even read, nigger.

>>18450252
Dude, I make more than you and have been saving up. I'm just not putting 4x my wage into a home.

[Anonymous No.18450304]

The time of the boomer is almost over bros, can you feel it?

[Anonymous No.18450312]

>>18450304
i can practically hear israel going up in flames desu

[Anonymous No.18450322]

>>18450303
I make ~100, bought a house for 250 back in '16

[Anonymous No.18450332]

>>18449795
Hello, millennial here. I’m actually rooting for a boomer death toll in the millions, which would then cause a housing crash.

[Anonymous No.18450368]

I bought a house in Corvallis Oregon 2 years ago on an income of about $40k. I was 26. Getting a house is super accessible if you are a first time home buyer. If you're credit isn't shit and you don't make garbage, this shit is almost too easy. A bunch of grants and free passes on a bunch of shit.

Have to be fucking retarded/extremely poor planning to not have a house by 30.

[Anonymous No.18450382]

>>18449795
because they can see property was a rigged game by the banksters
Buying a house now would be as retarded as going all in on link

[Anonymous No.18450396]

>>18450322
I hope you give better advice to your loved ones than that shit then.

[Anonymous No.18450414]

>>18450396
you are my loved one
by a house bb

[Anonymous No.18450417]

>>18449882

Not if we kill all the faggots buying everything up. Buffett gets the guillotine first, in Minecraft.

[Anonymous No.18450461]

>>18450368
>Have to be fucking retarded/extremely poor planning to not have a house by 30
you're grossly underestimating how dumb the average millenial is
>all the guys blow their money on plastic shit like switches or figmas, or on their cars
>all the girls blow their money on the usual woman shit

[Anonymous No.18450519]

>>18450396
Cope rentlet

[Anonymous No.18450547]

Rent is incredibly high thanks to immigration. Ironically the thing millennials support. They just don't want to live in tiny homes anymore.

[Anonymous No.18450559]

>>18449795
>Population declining
>Houses keep getting built I see it all the time
>House price go up

Someone fucking explain this shit!!!

[Anonymous No.18450579]

>>18450547
And foreign chinks pumping real estate price in the cities pushing everyone in the city out into the burbs increasing the price out in the burbs and so on and so on, best part is the chinks aren't even living in em

[Anonymous No.18450587]

>>18450559
debt

[Anonymous No.18450606]

>>18449993

That's nice but for people who live in states that actually are important and have a good job market like NJ, NY, PA,CT and MA, you even up getting ass raped in real estate costs.

[Anonymous No.18450607]

>>18450559
>Population declining
where?

[Anonymous No.18450637]

>>18450607
United States of America

[Anonymous No.18450669]

>>18450606
Such cope. I have a house and being centrally located is important to the supply chain.

I know having a false sense of superiority is how you anons like to cope, but I have a house and you don’t. And it will be paid off before 30 years.

I’m happy with my life, it’s very stress free. Can you say the same?

[Anonymous No.18450688]

>>18450669

You have a trailer and are a lube tech at midas

[Anonymous No.18450714]

>>18450688
My house is 1600 sqft lol plenty for one person

[Anonymous No.18450730]

>>18450714
>1600 sqft

[Anonymous No.18450739]

All zoomers are closet communists because they were coddled all their lives, told they were special and deserving of a worry free life. They never experienced any hardships. This in turn lowered their IQ to chimp levels. This can easily be seen in how "trolling" used to be just a decade ago vs now. No effort, no creativity, just stale parroting with lazy wojak edits. This is as much intellectual power they're capable of. But it's true, they're not to blame, it's their parents thinking their little spawn was capable of being a human who is to blame.

[Anonymous No.18450746]

>>18449936
This, I can't wait to see a plastic 55 year old narcissistic soccer mom to get raped by all her refugees in the streets as everything she owns burns to the ground.

[Anonymous No.18450749]

>>18450730
Bigger than your closet in ny or Boston

[Anonymous No.18450752]

>>18449795
The boomer generation and its consequences have been a disaster for the human race

[Anonymous No.18450770]

>>18449839
>NOOOO NOT THE HECKIN HOUSING BUBBARINO NOOOO

[Anonymous No.18450796]

>>18450752
*zoomer
Fixed your spelling mate.

[Anonymous No.18450819]

NOOOOOOOOO I WANT TO SELL MY 2 BEDERINO 2 BATHARINO SUBURBARINO HOUSERINOO NOOOOOOOOOOO ITS WORTH $600k MINIMUM THIS ISNT SUPPOSED TO HAPPEN AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.18450821]

>>18450796
Day of the Pillow, boomer. It's coming, and soon

[Anonymous No.18450825]

>>18449795
Fuck boomers. Lets just kill them in the revolution and then take their homes.

[Anonymous No.18450827]

>>18450607
Our birth rate and immigration levels are the lowest ever.

T. Amerifat

[Anonymous No.18450829]

>>18450821
Aww, little timmy is playing make believe again. Gonna start with your parents?

[Anonymous No.18450839]

OH NO NO NO NO NO
LOOK AT THAT BOOMERS HOME
BRUH
LOOK AT THE TOP OF HIS ROOF

[Anonymous No.18450849]

>>18450829
I have no boomers in my immediate or extended family. I'll have no problem unplugging your ventilator, boomer

[Anonymous No.18450876]

>real estate always goes up

[Anonymous No.18450921]

>>18450849
Shame your little warrior friends might have boomer parents who actually loved them. They might start objecting when you come for them. They might start pulling the trigger on you instead.
And poof, your little imaginary revolution, so suddenly halted.

[Anonymous No.18451433]

>>18449795
Will there even be a reset? I've been eagerly checking zillow since this started and there hasn't been a drop in my area. I'm in a mid-sized, coastal city with a median home price of $330,000 and absolutely nothing worth living in under $250,000.

[Anonymous No.18451468]

Its not just millenials. There are millions of gen X losers that have lived through 3 recessions, a large amount of who have never held a job for more than a year. These guys make up the biggest slice of the pie when it c o mes to homlessness dug addiction and alcoholism. They also want houses.

[Anonymous No.18451486]

>>18449795
lol. god forbid we get to buy a house that isn't a falling apart piece of shit for under $300K like our parents or grandparents did. so fucking entitled!

[Anonymous No.18451524]

>>18450044
that's my plan too but i need link to go to $1000 EOY to make that happen

[Anonymous No.18451528]

>>18451468
So that's what happened to those gen x slackers

[Anonymous No.18451542]

i cant wait for corona to wipe out boomers

[Anonymous No.18451565]

>In 1960, the median home value in the U.S. was $11,900, which is the equivalent of around $98,000 in today's dollars

WhY Are u GuYs So Mad ? you are financially irresponsible !

go fuck your mother jack

[Anonymous No.18451608]

>>18450044
>that honey
why?

[Anonymous No.18451663]

>>18449993
Do you live in Jefferson city?

[Anonymous No.18451676]

>>18450057
Oh no. More land and nature for less cash with less minorities living near by. What a shame.....

[Anonymous No.18451907]

Boomers buy up all the houses and keep home prices high, bring on the foreclosures please.

[Anonymous No.18451931]

>>18449909
Strangely, no one was ever entitled to own land... God never came down from heaven to allocate it, so the very concept of land outside what you can manage being an investment vehicle is illegitimate. Just something I think about now and then.

[Anonymous No.18451973]

>>18450077
not a bad deal tho
4 years for a house? I wish I could do that

[Anonymous No.18451995]

>>18449795
I'm cheering for my early death.

[Anonymous No.18452008]

>>18451608
It's implying that this bear is a pajeet

[Anonymous No.18452126]

>>18450368
wow you were allowed to go into debt to buy overpriced RE. much clever

[Anonymous No.18452206]

>>18450730
WTS 100 ARPA for this bugbox please

[Anonymous No.18452237]

>>18451565
>>18451565

This stat is fucking nuts.

[Anonymous No.18452354]

>>18450417
not in minecraft you weak little bitch. in real life. youll be second to get executed, in real life.

[Anonymous No.18452366]

>>18450227
>Not tipping
Heh... And you call yourself an American...

[Anonymous No.18452380]

>>18449795
The housing market crash is important in two ways. Number One: In 1945, corporations paid 50% of federal taxes; now they pay about 5%. Number Two: In 1900, 90% of Americans were self employed; now it's about 2%... It's called consolidation; strengthen governments and corporations, weaken individuals. With taxes, this can be done imperceptibly over time.

[Anonymous No.18452404]

>>18452237
>>18451565
The best part is that houses in the 1960s were probably built out of more expensive materials, and there were fewer of them compared to today.

[Anonymous No.18452436]

>>18452404
I am sitting in my Mothers house during quarantine. It was built in 1960. This house is solid as they come. Its unbelievable compared to the cookie cutter suburbs built in the last 20 to 30 years.

[Anonymous No.18452473]

>>18450739
I think it's Snapchat, Instagram, tiktok; short bursts of content designed to break down entertainment into its simplest form. Suitable for short attention spans and bluntness. Efficient? Sure. But lacking any form of style or art.

[Anonymous No.18452520]

>>18452380
Number one: that's terror. Number two: that's terror.

[Anonymous No.18452542]

>>18449795
SUCK SHIT SAGE!

[Anonymous No.18452702]

>>18450077
You doing all right there, champ? 3-4 years is pretty good up until now, all things considered.

[Anonymous No.18453086]

>>18449795

Because boomers bought homes with mone6 they did not have and consequently encouraged retards to do the same. These degenerate leverage gamblers deserve to lose everhthing after their indentured servitude sheme fails, so that the sane people who save money can buy property.

[Anonymous No.18453684]

>>18449795
>muh entitlement
The author of that piece is a faggot.

[Anonymous No.18453698]

>>18450332

It would also cause the banks to collapse so we need some kind of wealth transfer mechanism

[Anonymous No.18453709]

>so they can afford a game

[Anonymous No.18453711]

>>18450368

So you agreed to indentured servitude for 30 years huh? Cotton picking niggers got fed too and clearly you're dumber than them.

[Anonymous No.18453753]

>>18451433

It's a cascade effect. A lot of people stop buying high priced housing due to not being able to scrounge up the money. These are your servers and other low wage jobs that got shut down. These people take on absolutely crippling debts to buy things they can't afford like houses.

Once these people fall away, housing prices will go down. This will trigger people mortgaged up to their eyeballs to sell. Their property's value will no longer cover the loan and their leverage gambling scheme will collapse on top of them, because an uncovered loan is a personal loan and they tend to have 5x the current interest. They will be foreclosed on, or they'll panic sell.

This cascades into old people who counted on their house being worth enough to be able to retire somewhere. Suddenly housing is down 25% and their golden goose is threatened. Their choices are hold on for 20-30 years and wait for the market to recover, or sell at a lower price before their neighbors do it. The one thing they don't have is time, so they'll sell.

At this point the housing price is down ~40-50% and MOST mortgages will be "underwater" as the property no longer covers the loan. Prices for loans soar, people are forced out of their leveraged positions and houses will finally be affordable to people who did invest and save properly.

[Anonymous No.18453871]

>>18451973
honestly he could've gone with 10x his salary. Big house in 10 years!

[Anonymous No.18453905]

>>18453753
can mutts still send the keys to the bank in the mail and walk away? or was that stopped after 2008?

[Anonymous No.18453932]

>>18449795
Now THIS is based

[Anonymous No.18453947]

>>18449839
HOW DARE YOU WANT TO BUY HOUSING FOR A REASONABLE PRICE, DON'T YOU KNOW I HAVE TEN MORTGAGES TO PAY? WHAT HAPPENS TO ME, THE REAL ESTATE GAMBLER WHEN HOUSING PRICES COLLAPSE?

OY VEY THIS CANNOT HAPPEN, BETTER PRINT OUR CURRENCY INTO OBLIVION AND ENTER A MULTI DECADE ECONOMIC DEPRESSION WHICH MAY JUST END WITH NUCLEAR WAR BECAUSE FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCK LETTING THE BUBBLE POP!

[Anonymous No.18453958]

>>18449795
Boomers as always have zero self-awareness.

[Anonymous No.18453967]

>>18450796
Ventilate boomer.

[Anonymous No.18453978]

>>18449795
>ONE POST BY THIS ID
Fuck you OP you got my rageclick but I refuse to read all the replies.

[Anonymous No.18453991]

>>18453905

Probably not if that was an issue for the banks in 2008. Even if people do, eventually there will be a bank bail-in if the losses are too great.

[Anonymous No.18454454]

>>18450077
>low wage job
>45k a year

average in uk is 25k a year

[Anonymous No.18454522]

>>18449795
I would imagine the "entitled" millennials are "doing X" because if you say they are they might click your poorly written article.
Gas the journalists.

[Anonymous No.18454674]

>>18449954
Someone needs to stop them from doing that this time around.

[Anonymous No.18454868]

>>18449795
Banks and their boomer golems have maybe 2-3 years at max before men with literally nothing to lose start heavily griefing the minecraft servers.

[Anonymous No.18454900]

>>18449941
Lol at your life, I moved out of that cesspool state, I refuse to own a single square foot in IL

[Anonymous No.18454904]

>>18450368
>I bought a shitty house i have to get rid of in a few years you stupid fuckings retards hehe :^)

[Anonymous No.18454951]

>>18450752
Mutts aren't humans.

[Anonymous No.18454973]

>>18449993
>t. flyover hillbilly

[Anonymous No.18455255]

>>18451528
I would allow a Gen X-er to live in my newly acquired 20k McMansion, but only if they danced nightly on the grave of the previous Boomer owner out in the backyard for my amusement. And I better see sweat on that brow.

[Anonymous No.18455284]

>spend 70 years redesigning cities around cars
>allow states to implement their own zoning laws based on their unique needs, which ends up being useful for ecological protections at the state level, but all laws tend to fall towards high zone separation and low residential density per sqft with no zone overlap due to - again - correct expectations of high automobile adoption (also walled gardens to keep away darkies)
>cheap, easily accessible credit floods market allowing people to purchase home in 'burbs as well as buy a car for themselves plus their kids while the inner cities get drained of cash and the local real economies crumble
>suddenly, after several rounds of credit bubbles, much of the the inventory is now in the hands of greedy low-value borrowers who have mortgages taken out in the hopes that already cash-squeezed individuals will pay their mortgage for them AND own a car so they can work at their job that fails to pay for both
>complain when the system falls apart
We have no one but ourselves (and our retarded grandparents) to blame.

[Anonymous No.18455324]

>>18449795
>Why are millennials cheering for a housing market crash?
Because they are entitled.

[Anonymous No.18455344]

>>18451995
I'm cheering for your early death too bro

[Anonymous No.18455375]

>>18449795

I typically hate leftist millennial entitlement but the article is bullshit.

It's a free market. Much in the same way homeowners can wish for house prices to go up, people wanting to buy houses can wish for prices to go down.

It works both ways, and the same applies to any other market. Just look at stocks. For someone to win by getting a good price, someone else has to lose.

[Anonymous No.18455609]

>>18450579
send sauce incel if they chinks aint living in they redpill as a mofofucka

[Anonymous No.18455697]

>>18454900
You might have left, but you’re still going to be an Illinois boi on the inside forever

[Anonymous No.18455910]

>>18451676
>Why would I want infrastructure??

[Anonymous No.18455983]

>it is my right as a human being to own the finest university diplomas on the planet, a property in the most expensive locations on the planet and it is heartless and barbaric to expect me to pay more than the standard wage for it!

[Anonymous No.18456159]

>>18449795
please be real. people who treat land as a investment deserve to be btfo.

[Anonymous No.18456171]

>>18450827
>immigration levels are the lowest ever.
Not illegal immigration

[Anonymous No.18456202]

>>18449795
>1960
>min wage: $1 per hour
>average home price: $11,900
>11,900 hours worked to buy house

>1980
>min wage: $3.10 per hour
>average home price: $47,200
>15,225.80 hours worked to buy house

>1990
>min wage: $3.80 per hour
>average home price: $79,100
>20,815.78 hours worked to buy house

>2000
>min wage: $5.15 per hour
>average home price: $119,600
>23,223.30 hours worked to buy house

> 2020
>min wage: $11.80 per hour
>average home price: $315,000
>26,694.91 hours worked to buy house

[Anonymous No.18456204]

>>18455284
this. it was inevitable.

[Anonymous No.18456344]

>>18456202
Ok, now compare interest rates and prices of houses for those years.

[Anonymous No.18456420]

>>18456344

[Anonymous No.18456643]

>>18450368
>Corvallis
Took a little google maps tour. Seems like a nice midsized place. What do people do for work there?

[Anonymous No.18456703]

>>18450559
Speculation with funny money.
If I can get a bank to loan me a billion dollars I can buy up your whole dogshit slum of a neighborhood on an overpriced gamble and skyrocket the housing prices, normal supply and demand be damned. Then I can charge many people rent on the back end to make up for the ridiculous prices I paid so the mortgage gets covered.

[Anonymous No.18456780]

>>18455284
Maybe it's because my grandparents got the short end of the stick being children in Germany post ww2, but of all the people in my family, my grandfather dislikes cars the most despite having been a conservative diplomat back in the 90s.
He's convinced that it's one of many reasons that so many women have become fat.

[Anonymous No.18456798]

>>18450827
>believing official statistics that global corporations use to open up floodgates to h1b1's
>on top of the literal millions of uncounted illegals already dragging your salary and living conditions down
bluepilled fucking retard

[Anonymous No.18456901]

>>18455983
Yeah

[Anonymous No.18456921]

>>18451931
>/R/iamverysmart

[Anonymous No.18456974]

>>18449993
>I work
good goy

[Anonymous No.18457173]

>wanting a fucking market to CRASH so you can afford a house

jesus

[Anonymous No.18457253]

>>18457173

[Anonymous No.18457294]

>>18457173
>wanting a perpetual japanese style zombie economy

no thanks. let this fake bail out economy die already.

[Anonymous No.18457317]

>>18457173
Thats just how ridiculously expensive houses have gotten in areas where jobs are.

[Anonymous No.18457351]

>>18457173

>Sane income to house valuation is 2.5x your salary.
>In my area you need 10x the median wage to afford even a starter home now, when boomers were easily able to get it for 2.5x.
>Boomers expect me to go all in on their overpriced asset to fund their retirement will being screwed forever.

Fuck off.

[Anonymous No.18457528]

>>18450017
Always tip 15% anon. You're not poor, are you?

[Anonymous No.18457551]

>>18449839
top kek

[Anonymous No.18457564]

>>18450559
>population declining
....are you fucking retarded?

[Anonymous No.18457685]

>>18449795
>same article posted on dozens of fake news / alt-right sites
Color me surprised.

[Anonymous No.18457822]

>>18454454
I honestly couldn't believe this number, but I looked it up and the average household income in the UK is actually 29k GBP. And I know for a fact what the buying power of the pound in the UK gets you, holy shit you brits are dirt poor.

also, making "average" income in the US is just a low level manual labor wagie. Anyone with any sort of valuable skills is going to make 60k+

[Anonymous No.18457895]

>>18450921
So many mights versus so many WILLS.

[Anonymous No.18458202]

>>18449993

Iowa looks kind of cozy desu, anywhere north of Illinois and you must really like cold, unpredictable weather. I wouldn't be opposed to lakeside Wisconsin or Michigan, maybe even Indiana.

[Anonymous No.18458429]

I think commercial real estate is going to get fucked worse than single family homes desu.

[Anonymous No.18458499]

>>18449795
>>18450002
>>18449993
>>18450368
>>18453932
Lol This just makes me want it to crash even more. Fuck boomers.

[Anonymous No.18458536]

>>18449912
underrated

[Anonymous No.18459131]

>>18451565
>assets should return 0% real forever

[Anonymous No.18459755]

>>18459131
>assets should be completely risk free

[Anonymous No.18459984]

>>18457317
thats wrong though. you just want to live in a big city so you can feel like the people you watch on tv shows. plenty of jobs in places with affordable housing

[Anonymous No.18460017]

Never feel bad when something bad happens to a millennial, a female or a colored because they undoubtedly deserve to suffer for their privilege

[Anonymous No.18460034]

>>18458429
Single family homes are going up stupid millennial

[Anonymous No.18460277]

>>18460017
Oh no, someone please think of the poor persecuted incel zoomer!

[Anonymous No.18460448]

>>18449882
That and many rich boomers already have cash on the sidelines. They will just buy more.

[Anonymous No.18460534]

>>18449795
It's never going down. If they can't be sold for ridiculously high price, banks will just take them off the market and let them rot. It already happened after 2008.

[Anonymous No.18460553]

It seems like we just need to build more houses. Unironically.

[Anonymous No.18460578]

>>18456202

spics happened

[Anonymous No.18460620]

>>18449993
Fucking ok, Minnesota?

[Anonymous No.18460689]

>>18449795
Because they're all over-priced, like Bitcoin. Buy Nervos + you can buy 3 houses in cash come 2022.

[Anonymous No.18460739]

>>18449795
Instead millennials should buy into babyboomer's inflated assets so that they can safely retire. And in fact unlimited worldwide QE will indeed not let a housing bubble happen, the older generation will get away with living decades above their conditions by passing their debt onto the younger gen. It's the biggest scam you can imagine.

[Anonymous No.18460758]

>>18449795
I hope the same thing happens with cars.

[Anonymous No.18460803]

>>18449795
housing will NEVER EVER become cheaper, our planet is already super-populated, there is no more room, buy land, buy house

[Anonymous No.18460868]

>>18449795

can we meme this into reality?

[Anonymous No.18461174]

For those that are being smug about living in the middle of nowhere states. Just a reminder that thanks to the WuFlu, telecommuting is becoming normalized and those city living liberals who are currently crammed up in those $2500 per month apartments are going to move out to those states and snap up those large cheap swaths of land so they can have space.

[Anonymous No.18461845]

>>18459131
>my dogshit property that produces nothing should give me returns for no reason
by this logic you should be forced to pay more for my feces because I called it an """asset"""

[Anonymous No.18461901]

Why can non-citizens own property again?

[Anonymous No.18462039]

>>18451676
Whats your internet speed?

[Anonymous No.18462086]

>>18449795
I unironically am

[Anonymous No.18462106]

>>18449862
Tripled and quadrupled even. I'm not exaggerating

[Anonymous No.18462135]

Fuck boomies lmao, gonna have to sell your iPhone to afford your mortgage. :^)

[Anonymous No.18462894]

>>18457317
Why the fuck should I have to pack up and leave my friends and family behind to get a job in Bumblefuck, Nowhere? Fuck you boomer, I'm buying your foreclosed house.

[Anonymous No.18463643]

>>18450057
>t. flyover state
Considering how telecommuting and physical distance from your neighbors are going to be much more valued after this pandemic, he'll probably have the last laugh as the gentry yuppies move into the small towns en masse in search of cheap property and safety from potential viral outbreaks.

If "show up to the office once or twice a week and work the rest from home" is going to be the new norm, I'm absolutely renting out my cuckshed condo and buying a proper house in a quiet town an hour or two out.

[Anonymous No.18464320]

>>18449795
Daily reminder that in the 60s, a well paid union construction worker could buy a house for about 2-3 years worth of salary:
17,000 / (138*52)= 2.37 years

To put that purchasing power into perspective, to buy a million dollar California cuckbox today, a worker would have to make about 422k per year. We make 10x less than that.

That is the cost of (((diversity)))

[Anonymous No.18464406]

>>18461174
no they won’t lol

[Anonymous No.18464435]

>>18464320
>That is the cost of (((diversity)))
Sorry, what? Housing prices in CA are insane because of Prop 13 and Boomer NIMBY bullshit. What the fuck are you talking about?

[Anonymous No.18464477]

>>18464435
Illegals need a place to live too, there's more competition on the already limited amount of houses due to too many Chinese speculators buying real estate purely due profit, which then sits empty

[Anonymous No.18464597]

>>18464477
>>18461901

[Anonymous No.18464640]

>>18464320
You are only 20% of the man that a boomer is

[Anonymous No.18464653]

>>18449795
I don't know how people trust the housing market after what happened in 2008, why the fuck would you invest in a house unless you want to only live in one and nothing else? I don't blame millenials at all low housing prices would unironically be better for most people anyways.

[Anonymous No.18464696]

>>18449909
>US has plenty affordable housing sorry you live in a city because there's no jobs anywhere else
FTFY

[Anonymous No.18464714]

>>18464477
That doesn't even begin to describe the problem. That's a drop in the bucket.

>1970s
>Huge budget surplus in California
>Legislature requires 2/3rd majority to pass changes to the budget
>D's want to spend surplus on infrastructure, R's want to cut taxes
>55/45 split means nobody can pass anything
>Meanwhile huge migration to CA drives up housing prices, driving up property taxes
>People get mad, Republican businessman starts campaign to pass a proposition capping property tax at 1% of the home value in 1975 or the purchase price (if after '75)
>Economists, city planners, and both R and D politicians say its a bad idea since property taxes are ONLY levied by city and county governments, and its their primary source of tax revenue
>This makes Californians want to pass it even more just to spite the government
>it passes
>Smaller cities and counties start to go bankrupt
>Cities and counties stop zoning new residential, since they can't afford to provide services (i.e. police, fire, trash, water, utilities, roadworks, etc), since there is no property tax to pay for it
>Start levying sales tax and "service tax" on bills to try to recoup losses from property tax
>Meanwhile housing supply dries up, demand skyrockets, homelessness skyrockets
>Dems try to "solve" the problem with rent control and entitlements that do nothing or make the problem worse
>Republicans stick their fingers in their ears and pretend there isn't a problem

[Anonymous No.18464721]

Want to sell high:
>Of course, anyone would. It's only natural.

Want to buy low:
>Waaaah

[Anonymous No.18464836]

>>18464320
Heres another one
Mike Maloney(PM Advocate)'s Dad worked as a store manager at a car dealership and made enough with 1 year's worth of salary to buy a home in Oregon. INFLATION IS A TAX ON YOU NEVER FORGET IT.
https://youtu.be/8GP87dgTqF8t=19m

[Anonymous No.18464857]

>>18464836
Yeah cause there are too many people. Stop hating on bill gates trying to serelize. We need a Corona 2.0 that wipes out 50%. Then houses will be cheap and life will be good.

[Anonymous No.18464891]

>>18464836
That's just made up shit commie but even if it was real you dont live in 1955. Grow up loser

[Anonymous No.18464894]

>>18464320
>union
There’s your flaw; it was virtually impossible for honest men to be accepted into unions, and therefore gain employment.

[Anonymous No.18464904]

Isn't lower prices a good thing? The more people that can afford an asset (houses) the more people who will buy, creating more profits.

[Anonymous No.18464920]

>>18461174
>city people moving to flyovers
Won't happen they would go crazy out here.

[Anonymous No.18464937]

>>18464904
Houses are low enough right now at 2 times annual wages

[Anonymous No.18465018]

>>18464435
>Housing prices in CA are insane because of Prop 13
No it's because of the state setting price ceilings and regulations that makes building any new homes a liability as opposed to an investment. And with immigration the demand increases but the actual supply of housing has practically stagnated, hence rent and housing prices being the highest outside of maybe Hawaii.

[Anonymous No.18465036]

>>18464891
>WHY WOULD YOU WANT TO LIVE IN AN ECONOMY WHERE ANYONE CAN OWN A HOME COMMIE?
Hang yourself

[Anonymous No.18465065]

>>18451565
That inflation is disgusting. Its like we plan our civilization only in 10 year increments.

[Anonymous No.18465089]

>>18452380
Maybe you should try getting a job

[Anonymous No.18465100]

>>18450057
>I found the one remaining job in my meth infested flyover state that hasn't been outsourced.
>Hurr durr you guys are just entitled.
Flyover fags are the worst.

[Anonymous No.18465135]

>>18450077
Some people have mortgages for 30 years, that anon is doing alright for himself

[Anonymous No.18465464]

>>18453698
Say a bank lent you money, and then collapsed a few years later. Are you still required to pay back that money if there's no longer a business entity to pay it to? Who will collect it? The government?

[Anonymous No.18465600]

>>18453711
You realize you can sell the house and use that money to pay off your existing loan + some profit after paying into it for a few years, right?

The new buyer takes on the debt.

[Anonymous No.18466145]

>>18460553
Wish it were possible, but NIMBY says no.

[Anonymous No.18466352]

>>18465464

mortgage backed securities are collateralized and sold before the bank goes defunct as a measure of liquidation

just kidding, you should buy a mansion in LA and definitely sabotage the bank so you get the house for free

[Anonymous No.18466418]

>>18450057
Fly over is better. What’s so good about being in the city? All the city has to offer us consumerism, niggers and Jews. Out in the country we got land and nature.

[Anonymous No.18466425]

>>18466352
You know what they say anon, possession is 9/10ths of the law.

[Anonymous No.18466482]

>>18452380
Based and Deus Ex pilled

[Anonymous No.18466512]

>>18466425
>possession is 9/10ths of the law

Someone is going to own your loan

Pic related maybe you

[Anonymous No.18466576]

>>18466418
Well it's good if you found the one remaining job that pays 100k in that state

[Anonymous No.18466591]

>>18449795
>>18449839
Fucking boomer subhumans, corona can't kill them fast enough