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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23632845 No.23632845 [Reply] [Original]

why aren't millennials buying houses?

>> No.23633064

>>23632845
buying a house is a meme

>> No.23633099

B-BUT WE HAD HIGHER INTEREST RATES ON OUR LOAN OF £2500 REEEEEEE DUMB MILLENIALS IT'S NOT OUR FAULT JEWS RULE THE WORLD

>> No.23633106

>>23632845
Make more money fag

>> No.23633114
File: 650 KB, 1080x2160, 1601874781041.png [View same] [iqdb] [saucenao] [google]
23633114

>>23632845
why buy when you can rent

>> No.23633117

seethe millenial faggots. us boomers did more then you will ever.

>> No.23633148

>>23633114
Looks like prison now just imagine your cellmate taking a shit a metre away from your head

>> No.23633161

>>23633117

yup they did. And now everything is already done/taken and all for us to do is to consoome...

>> No.23633165

>>23633117
I got more pussy ;)

>> No.23633177

>>23632845
Shelter should have never become an asset class. Limit multiple home ownership, tax the fuck out of people creating false demand

>> No.23633200

>>23633114
Because renting is cheaper

>> No.23633213

why aren't millenials buying horses?

>> No.23633219
File: 166 KB, 1710x1804, house price vs sp500.png [View same] [iqdb] [saucenao] [google]
23633219

>>23633064
compared to SP500 since 50's it's much, much better

and yes around 60s houses were around 3000, hard to see on the graph

In the 50s 1800

>> No.23633249

>>23633219
>buying a house a few decades ago was actually better
yeah..and? I'm talking about right now frien

>> No.23633278

>>23633249
nothing about the assets has changed

but obviously LINK is the best, that's why I rent ;)

>> No.23633298

>>23633099
http://www.freddiemac.com/pmms/pmms30.html

they conveniently leave out the part where they refinanced their """"18% interest mortgage"""" in the early 1980s to <10% interest in the early 1990s, ignoring the fact that their mortgage amount was small relative to their salary and their salary went a lot further back then with regards to automobiles, food, healthcare, student loans (if any), etc.

>> No.23633352

>>23633114
desu if you kept your toilet clean this wouldn't be that bad. Sort of like a luxury prison cell but without the loss of a freedom. If it came with a nook for my desk I would rent one of these for $300 a mo in a cheap area

>> No.23633455

>>23633278
based

>> No.23633484
File: 244 KB, 1115x414, london.png [View same] [iqdb] [saucenao] [google]
23633484

>> No.23633498

>>23633114
>>23633114
Street level window so that you can watch the world go by as you poop.

Comfy as fuck

>> No.23633502

poorfag cope

>> No.23633517

True, if you're homeless just buy a house.

>> No.23633989
File: 272 KB, 753x491, screenshot (45).png [View same] [iqdb] [saucenao] [google]
23633989

In 1965 the average UK house price converted to Gold Oz was roughly 375oz.

Now, 55 years later, the average house cost roughly 150 Gold Oz.

Yet this old man has seen an %18,470%+ appreciation of the nominal value of his house between 1965 to and now.

Fiat is one hell of a drug.

>> No.23634000

>>23632845
if you didnt let in 100000000 immigrants the prices of houses wouldnt have skyrocketed

>> No.23634009

>>23634000
This

>> No.23634064

>>23633989
Holy fuck how is this possible?

>> No.23634086

>>23633117
Thanks for letting all the non whites into the country and selling us to the Jews

Very based! Thanks Dad

>> No.23634114

>>23633114
based brave user

>> No.23634130
File: 81 KB, 828x832, F8135359-4F83-410B-983E-414DD0535891.jpg [View same] [iqdb] [saucenao] [google]
23634130

>>23634064

>> No.23634144

>>23633114
imagine the smell

>> No.23634162

>>23634000
immigrants make up about 12% of the UK population, Germany 23%, USA 24% etc

>> No.23634210

>>23634162
It’s not just that but through the financialization of real estate you don’t even have to let the fuckers in to shit up local real estate markets. There are half a dozen towers within walking distance of where I live thrown up in the past five years with what looks like <50% occupancy. The unoccupied units are owned by rich chinks in China

>> No.23634225

>>23633989
can you explain this to an idiot? im struggling to get my head around it

>> No.23634235

>>23633117
did heroic amounts of drugs and let the kikes start the fiat ponzi in 1971, good job

all of you faggots are sellouts and listen to nigger music anyway, so glad they took your niggerball away

>> No.23634244

>>23634162
"Official" immigrants maybe
some fucking paki who was born there with his 12 gangbanger brothers is no longer an immigrant

>> No.23634301

Do people who rent their homes ever bother to work out how much better it would be if 70% of that monthly cost went towards paying off their own mortgage on the property, instead of somebody elses?
From reading biz, you'd think they don't. It's bizarre.
You'd yhtink

>> No.23634305

>>23633298
Of course they leave that part out. You can refinance into better rates but you can't refinance into less debt unless you're drowning. Also, 18% apr on $2000 is super spooky. Yikes.

>> No.23634313

>>23634225
Against gold house prices are not as high as against fiat, quite obvious but an interesting chart none the less