Housing market crash WHEN

[Anonymous No.52593490]

Can’t wait for the boomers that bought 5 Airbnb properties to get their shit pushed in. This is ridiculous.

[Anonymous No.52593607]

>>52593490
This is why you get a girlfriend to combine incomes. You do have a girlfriend, right anon?

[Anonymous No.52593637]

>>52593490
Real estate is all fictional wild overspeculation

[Anonymous No.52593714]

>>52593607
Ya, her names Pamela Handerson

[Anonymous No.52594067]

>>52593490
>just get a job paying at least $50/hour goy
it's so easy

[Anonymous No.52594095]

you're not supposed to live in these giant cities with unaffordable housing to start. get your midwest shitbox for 10 years then use it as a down payment.

[Anonymous No.52594106]

>>52593490
the houses haven't gone up against gold

[Anonymous No.52594200]

>>52594095
>you're not supposed to live in these giant cities like New York, where 8.5 million human beings live

[Anonymous No.52594215]

>>52594200
NYC is majority minority I wouldn't call that "human"

New Yorkers are retards that eat hot dogs cooked next to sewers

[Anonymous No.52595064]

>>52594106
guess how it's done against BTC...

[Anonymous No.52595262]

>just buy this chart bro

[Anonymous No.52595298]

>>52593714
Holy shit I've never heard that one. Fuckin' 5 stars right there.

[Anonymous No.52595304]

>>52595262
Now someone post the Canadian chart for comparison

[Anonymous No.52595421]

>>52593490
after the nuclear war (if ur alive) you can get a house for 1 oz of gold

[Anonymous No.52595503]

>>52594215
Honestly the food is the best part of NYC, shopping is pretty good too but everything else is pretty crap unless you’re a tourist visiting some interesting historic sites.

[Anonymous No.52595524]

>>52595304
What is up with Canadian home prices? I was looking at the middle of nowhere BC for fun on zillow and everything was at least $650k CAD. And that was for an old small house with a lot of things that needed to be fixed or updated.

[Anonymous No.52595552]

>>52595524
Chinamen parking illicit money so the CCP can't get it.

[Anonymous No.52595726]

>>52593490
Im from London I had to move 50 miles away to find somewhere I can afford, they are building loads of apartments/flats but the chinks buy them up to land bank and the pakis buy them to rent them out to middle class office wankers, the whole economy around housing is fucked and no government wants to touch it

I want to know what will happen when generation rent starts retiring and can’t afford there homes

[Anonymous No.52596232]

>>52593490
literally never, you're priced out forever gg
>>52595726
pipelined into government euthanasia programs like canada

[Test !!VFobI0YpZEr No.52596271]

>>52594067
Hard

[Test !!ZTSBAZgyx0+ No.52596361]

>>52596271
Barely

[Anonymous No.52597299]

>>52593637
redpill me on this guy. did he really think real estate was total bs in value

[Anonymous No.52597388]

>>52595726

>What will happen when generation rent starts retiring

We’ll just keep renting as always? You act as if you can retire without any savings if you just own a house

A renter simply has his retirement savings invested in stocks/bonds rather than a physical home.

Not only is it the exact same situation, it’s technically better insofar as the stock market shows a greater historical return than RE

Owning your own home is literally a meme that needs to die, there’s no “dignity” in it, you don’t even “own” anything. It’s a giant boomer LARP

The government owns the property ultimately, you have to pay rent-level property taxes or you lose the property

The math just works out much better to rent something rather than to own it outright. The only reason anyone with a triple digit IQ should actually own their home is if they want to modify the property or cash flow it, or potentially if they have a family and want to start a physical legacy in the world (although even then it’s questionable as to why they wouldn’t simply build capital through other investments).

Renting is superior, nearly across the whole board, and I’ve yet to hear anyone give me a reason why owning is better.

[Anonymous No.52597501]

>>52595726
>pakis buy them
Where do pakis get that kind of money from?

[Anonymous No.52597552]

>>52597501
They pool there money together and run business that use cash heavily

[Anonymous No.52598154]

>>52597388
In Tokyo, the real estate is overpriced compared to rent. Many other places too. But it varies. Going by zillow, my residence is worth 129 months rent, and my vacation place is 211 months.

[Anonymous No.52598179]

>>52597552
3rd world collectivism outcompetes white people individualism. It's truly over for the West.

[Anonymous No.52598247]

>>52597388
Found the landlord.

[Anonymous No.52598276]

>>52593607
finding a woman who a) has a job that pays more than $35k/year and b) doesn't spend it all is like finding a needle in a haystack.

[Anonymous No.52598385]

>Housing market crash WHEN
Never, lol. Or if this happens there will be a big crisis.

[Anonymous No.52598594]

>>52598276
Women exist to spend your money on garbage and then complain that you don't make enough to support the lifestyle they need.

[Anonymous No.52599065]

>>52597388
Can anybody debunk this man?

[Anonymous No.52599109]

>>52593490
When the Jews pull the plug with one of their gigantic ponzi fund, just like they did with FTX.

Then they will write a few page long article every week in every "newspaper" why its goys/republicans/democrats/boomer/zoomer/christians/immigrants fault that the ponzi house market collapsed.

[Anonymous No.52599134]

>>52599109
>Like no goy, its "late stage trickle down woke liberal capitalism" fault, go die if you cant go back to wage 9-7

[Anonymous No.52599207]

>>52597388
>you have to pay rent-level property taxes or you lose the property
And you think renters aren't paying for those property taxes in the price of their rent?

You must be working for Invitation Homes or some shit.

[Anonymous No.52599433]

>>52595421
That's a suckers price. I bet I could get one for less than a quarter ounce of lead

[Anonymous No.52599454]

>>52599207

Sure, the price of renting something tends to reflect things like repair/upkeep, property taxes etc.

I’m making the broader point that you don’t “own” real estate, not really. You’re just leasing it from the US government on a more meta level. Hell they can even seize your property for literally no reason if they have to.

After people get over the “it’s muh property, I’m a little king” meme, the numbers are plain as day, renting is cheaper and a more efficient way to save for retirement.

The market returns 10% and real estate something like 7-8%, so unless you plan on cash flowing a duplex or you have some hot insider tip on a developing real estate market, you’re just wasting your money LARPing that you’re a little prince in a little castle and it actually belongs to you. There’s something embarrassing about boomers needing to imagine they’re some powerful medieval lord or something when all they’re really doing is bleeding cash

All of this being the case, it’s no wonder why more and more people are renting these days, it’s genuinely the more affordable route and I plan on doing it even when I have 7 figs saved.

[Anonymous No.52599552]

>>52598247

Lol, never. I’m currently near 500k net worth and I still don’t want to ”own” property (you don’t actually own it) and I live in a 1 bedroom apartment in a slum.

But even if I had 2 million saved, I’d just keep it all in the market and live off a 4-5% inflation adjusted drawdown.

After all, would you have difficulty living on 100k per year as a single man anywhere outside of Manhattan? Hell even there I could probably make it work on 50k, people are just wasteful as hell and half of that waste are these little fictions they tell themselves about what they “own” or buy.

Don’t even get me started on brand name products, some people literally live paycheck to paycheck because they are too stupid to realize their cornflakes are coming from the exact same warehouse as the brand that’s 1/4 of the price, and they just repeat that error every day in every possible expenditure of their lives. Fucking idiots the lot of them

[Anonymous No.52599585]

>>52599433
lol

[Anonymous No.52599627]

If the housing market crashes the whole system breaks. It’s worse that the 2008 the central banks have taken on all the mortgage backed securities themselves if they depreciate Rapidly it’s all fucked, this is why it can’t be allowed to happen they will do anything to keep it inflated

[Anonymous No.52599628]

>>52593490
You'll need a 7 figure income in 10 years. And the rest will live in small pods in huge soviet style apartment blocks. Which even makes sense by now.

[Anonymous No.52599665]

>>52593490
My wife and I make $275k and we barely qualified for a $500k shitbox.

[Anonymous No.52599806]

>>52599665
>My wife and I make $275k
>we barely qualified for a $500k shitbox.
You fucking suck with money then
(275000/12) * 0.28 = $6416 max monthly payment
A $500k 30 year mortgage @7% with 20% down is like $3000 per month depending on property tax+HOA

[Anonymous No.52600052]

>>52599806
The monthly expenses (mortgage, insurance, utilities) put a strain on the budget. We’re more comfortable renting for $2.2k and saving the rest right now.

[Anonymous No.52600098]

>>52600052
For a 7% rate yeah.

But for real, you and your wife are fucking retards if you’re struggling at 275k.

Imagine making $23,000 per month and actually struggling.
You should have $2 mil within 10 years Barely trying.

Fucking pathetic hedonists.

[Anonymous No.52600131]

>>52600098
Kek

[Anonymous No.52600159]

>>52597388
>the math works out better to rent

I was renting a house for 1000/mo in 2011, and decided to buy a home the next year in the same subdivision for 140k. It is worth 340k today.

My mortgage payment is 600/mo compared to my rent of 1000/mo. 200/mo of that goes towards principal. Property tax is 70/mo. Home insurance is 30/mo.

So I save 400/mo that I can use elsewhere, and 200/mo of my payment goes towards my principal balance.

>muh stock market is better

If I put the 28k that I paid in a down payment in the S&P at the same day, it would be worth 80k today (+53k profit). I earned 200k in home equity over the same period of time.

It's now 1600/mo to rent here, but my mortgage payment is fixed at 600/mo.

[Anonymous No.52600163]

>>52600052
nooo u cant just like, be happy with renting and be planning to buy later
you have to be panicking about being priced out forever
NOOOOOOOOOO

[Anonymous No.52600186]

>>52593714
It’s Palmela Handerson, way to ruin the punch line. Also acceptable is Handgelina Jolie

[Anonymous No.52600192]

>>52600131
It’s true though. I make $50k/yr max and have two homes and $300k net worth.
Not saying that to brag about my $300k I know it’s peanuts, I’m bragging that I have 6x my yearly accumulated in only 5 years. Sure much of it is unrealized gains but still. You’re just pathetic

[Anonymous No.52600194]

>>52594200
God I wish that was me

[Anonymous No.52600241]

>>52593490
>airbnb

Those boomers will switch to rentals to cover mortgage.

They'll lose nothing.

[Anonymous No.52600354]

>>52600052
How is that even possible? I spent $3,000 last month including rent and utilities living in a medium-sized US city in a 2 bedroom apartment. What the fuck could you possibly be spending money on each month that you are consuming 23,000/month?

[Anonymous No.52600378]

>>52593490
the government will continue to pump the home owner corporation and landlord bags. My country is taking in 500 000k immigrants a year to stem the collapse. Imagine basing your countries whole economy on a 2008 housing bubble. God I hate boomoids.

[Anonymous No.52600526]

>>52600378
>Imagine basing your countries whole economy
Yeah, no.
>Imagine basing the world's whole economy
There we go.

[Anonymous No.52600639]

>>52593490
>Chef turns gas up one click a month
>Lobster asks, When is this shit gonna start boiling?
>Lobster number 2 says, Never fag you are priced out!

[Anonymous No.52600676]

>>52593490
2-3 years. You'll only return to 2018-2019 levels when it happens and not in the Northeast US.

[Anonymous No.52600924]

>>52600159

There are two things you say here

>”When I make a mortgage payment I build equity at a certain rate and that adds to my value instead of being burnt in rent”

Yes, but keep in mind we are simply talking about investing either into Pile A (stocks) or Pile B (RE) this all depends on the current real estate boom continuing as it has. Real estate has performed well recently but that is no excuse to discount the entire history of the market vis a vis stocks (which return an average of 10% historically). So the money you bank in equity is simply a reflection of an investment in that market.

Now that that’s out of the way (And I have to point it out because everyone makes the argument that “building equity” is a separate notion, somehow divorced from the basic calculus of investment)

> “My choice (Pile B) has outperformed stocks to such an outrageous degree, how is that possible”

Aside from the fact that there has been an outrageous RE boom, you have essentially held a margined position on your home. You could have gone underwater just as easily in a proper crash, so don’t act like that 4x multiplier you got couldn’t be done with an index fund held on margin - its the exact same thing, and again RE is historically trumped by investment in stocks full stop, and no amount of rhetoric can change that one investment is simply better than the other

That said, there are plenty of opportunities in RE, plenty of market disparities and areas where if you had to live there, renting might somehow see far more or less favorable. Additionally if you have a little vinegar in you, you can make a killing flipping properties or cash flowing them, even just getting lucky in a hot marker like Denver or austin can put you into 20% yearly ROI territory. But that’s usually luck. Very few people can actually predict those things, and even an RE maxi has to admit how outrageously lucky he’s been the last decade or two - there’s no reason to expect this blip to go on

[Anonymous No.52600943]

>>52600676
>2-3 years
Is it going to dump hard at once then or it will decline slowly during these 2-3 years until hitting the bottom?

[Anonymous No.52600985]

>>52600943
It’s funny how people assume a housing market crash will benefit them. If housing crashes it means millions lost their jobs and can’t afford it anymore. And if you think you’d be immune from job loss you are wrong. Housing collapse means everything collapsed.

[Anonymous No.52602687]

>>52600186
Or Rosey Palms and her five sisters. You don't ACTUALLY know and care how celebrities names are spelled, right, loser?

[Anonymous No.52602832]

>>52600985
You know it's not really a crash unless it goes to zero. But CNN will call it that.

[Anonymous No.52603065]

>>52600194
I can make it happen. Can you fit in that white top?

[Anonymous No.52603573]

>>52593490
NEVER
the jews realized that letting goyim be able to afford their own home was a big mistake and they will never let it happen again

[Anonymous No.52603615]

>>52600985
None of this makes sense to me.

Inflation went up. Sure.

>Housing market went up (on an assumption)

>Wages did not go up.

>Less people could afford the housing market.

>Housing market goes down.

>Affects the people who pay wages in more ways than one.

>...why?

Because privileged generation doesn't deserve it or some BS like that.

[Anonymous No.52603657]

>>52593637
it's theft nigga

[Anonymous No.52603696]

>>52593490
You might be surprised. Rents are quiet literally going to the moon at the moment. Lots of landlords looking to buy back in because the returns are very attractive. Unfortunately, it's going to be the average person with one house and a job who's going to get their shit pushed in when their rate resets with no way of earning more.

[Anonymous No.52603769]

>>52603696
when rates and prices go off landlords will just offload the cost onto their tenants
it's really that simple, that's the name of the game, demand something for nothing

[Anonymous No.52603797]

>>52593607
Kek divorce is the #1 reason for foreclosure and vice versa

[Anonymous No.52603965]

>>52593490
Never? Properties are now massively bought by big companies. Companies, not individuals, renting is going to be the next big thing and the norm. That's why the prices are high, so the poor sucker isn't able to buy.
Remember this.

[Anonymous No.52604198]

>>52600354
We’re in a higher tax bracket. After taxes and health insurance we have $11k a month. If we take on a mortgage with HOA, insurance, utilities we’re left with about $6 a month for food, gas,
auto insurance, student loans, child expenses, and savings. We drive old cars that are paid off but need yearly upkeep. The money get picked to the bone quickly. $2200 a month includes utilities so we save about $1500 a month this way. We’ll buy eventually but we’re not there yet.

[Anonymous No.52604437]

>>52604198
you're living way beyond your means, i literally live more conservatively than you and my life is not conservative at all
>rented serviced penthouse apartment in jlt dubai, 5k usd/m, includes all maintenance and bills and cleaning and gym and pool and sauna
>paid off 2009 continental, ~6k usd/yr (500 usd/m) maintenance/insurance, 500 usd/m fuel cost
>driver, 1k usd/m
>eating out literally every meal , 3k usd/m
>total expenditure to live like this 10k usd/m
idk man someone must be kiking you for your life to suck that bad

[Anonymous No.52605489]

>>52599454
>You’re just leasing it from the US government on a more meta level. Hell they can even seize your property for literally no reason if they have to.

Sure, you could argue that about any asset then. Oh your Roth IRA we promised you wouldn't pay taxes on the withdrawals?
>Sorry we changed the law again!

Oh, you're getting a little too lively and outspoken on social media?
>Sorry we ordered the brokerage to forfeit your "assets"

At the end of the day in the current system we are in, it is still better to own something and lock the price in today's dollars with a mortgage because you have to PAY to live SOMEWHERE. Unless you are mooching with parents or couch surfing, owning something is going to be better than paying the owner the right to live there. Unless you are absolutely convicted that you are timing the tops/bottoms of markets, I don't think your point holds.

More and more people are renting these days because the price of things skyrocketed out of their reach with their wages and the wealthy already used their advantage to limit supply.

[Anonymous No.52605803]

>>52600924
Two words: Property Management
Five words: Institutional Investment in Property Management

This will be kind of a black pill, kind of not. Here we go:

Your philosophy is shared by a growing number of sub-Millennials. WEF "great reset" dictates (sorry, "observes") that our increasingly dynamic economy and, (well, let's just call it what it is), slutty youth sorry, I mean transient, or maybe... rootless debutante class... won't be particularly interested in owning homes. What they will be interested in is treating post-Ukraine boomtown America as a party platter of all-you-can-eat sights and sounds. So they'll need rentals. Lots and lots of rentals. Apartment buildings suck, so wouldn't it be great if you could just stay in a home for a little while instead?

Hey, look at all these houses! Boomers are dying by the dozen. However, the aforementioned younguns not only don't want mortgages; they also can't afford them. You know who can afford the homes? Cash buyers. 7% interest doesn't mean jack shit to them. These prices are basically a fire sale for banks and firms that are extremely cash positive right now. Own a neighborhood and you own the price of rent. Big investors know this and are salivating at the prospect. They're thinking long-squeeze, not a pump and dump.

My view: Property management is going to be big business in the future. It'll basically just be rebranded trade jobs; plumbers and drywall and the like, except you'll be doing it under the banner of a company that owns all the rentals in the area. 21st century efficiencies will ensure that this goes smoothly. Rich get richer, poor get poorer, young people seem happier but are gleefully skipping down the road to serfdom. Prices stay the same because it keeps the assets (houses, land) where they belong: In the hands of the rich.

[Anonymous No.52605908]

>>52604437
But you live in Dubai. No thanks.

[Anonymous No.52605939]

>>52595524
Western cuckolds let foreigners own property - an absolutely ridiculous idea

[Anonymous No.52605978]

>>52600985
How does this not benefit me? Jews can’t survive in the law of the jungle. I can simply take property by force

[Anonymous No.52605988]

>>52605908
dubai's great, but i've lived this way in hong kong, london, and new york city too. it didn't cost me anything more, i just sometimes had to drive my own car because the west is opposed to cheap labor.
srsly tho brother idfk how you're spending 11 bands a month for a cookie cutter suburban hoa shitter lifestyle in north america. your wife's probably kiking you by siphoning money into secret accounts, legit.

[Anonymous No.52605999]

>>52593607
For me it's Rosie Palm

[Anonymous No.52606089]

>>52593490
100k is the new 40k

https://m.youtube.com/watch?v=1vAqaUwLg7g

[Anonymous No.52606160]

>>52605988
We don't spend $11k. We spend around $6k and save the rest because we are renting an inexpensive place with utilities included. We managed to save $210k this way rather than sinking a ton into mortgage interest which would be about $2600 a month. We'll be able to buy a place in mostly cash within five or six years this way rather than hanging on by a thread with a giant mortage payment.

[Anonymous No.52606183]

>>52599065
In Canada you pay no capital gains tax on your primary residence so it’s vastly superior to investing in stocks where you’d ultimately have to pay tax.

Second, if these retards were actually right then why is being a landlord so popular? Also don’t even get me started with the amount of leverage bankers provide to landlords, it’s like going 5x long s&p 500 and some poor chud pays your funding fees. Ironically most landlords in Canada are wiggers

[Anonymous No.52606255]

>>52604198
Nigger what kind of health care do you have? Do you have the presidential plan where you can walk into any hospital and unplug some plebian from life support to fix your cough? Do you have every single cancer known and unknown to man? What the fuck?

[Anonymous No.52606307]

>>52594095
What "Midwest" shitbox?
To buy a rural house you still need to put 300k down.

[Anonymous No.52606314]

>>52605978
lmfao
https://www.youtube.com/watch?v=LfAQYcsZXYw

[Anonymous No.52606327]

>>52593490
What do you mean OP, they will just invite more immigrants to come over to the US, and you will have 4 families under 1 roof with 10 cars parked in the drive way, the American dream.

[Anonymous No.52606331]

>>52599552
frugalfags are unbearable
>muh cornflakes

[Anonymous No.52606347]

>>52593490
It's all going to Blackrock and similar groups. Then they'll import another billion Third Worlders. Economic prosperity dies with the boomers, they sold out absolutely everything and everybody to live a life of wasteful excess.

[Anonymous No.52606351]

>>52606331
this, my parents literally used to buy the cheap ketchup and put it in a heinz bottle, ever since then any kind of kike penny pinching behaviour irritates the shit out of me.

[Anonymous No.52606361]

>>52606255
>Do you have the presidential plan where you can walk into any hospital and unplug some plebian from life support to fix your cough?
Kek. Gold PPO for a family of 5 is $3600/m. It is fucked up.

[Anonymous No.52606384]

>>52600159
>Worth 340k today
>Muh paper gains
>Yfw real estate dives -50% next year and the bank forecloses your home

[Anonymous No.52606399]

>>52595503
can you recommend a good lunch place in manhatten?

[Anonymous No.52606431]

>>52597388
>Renting is superior, nearly across the whole board, and I’ve yet to hear anyone give me a reason why owning is better.
Privacy and legal protections. Your landlord can always barge in with minimal notice and there is nothing you can do because every standard rent contract has those provisions. Your landlord can decide that he wants to sell and you have to GTFO next year even if you did not want to move.
RE is a meme but you should rent your primary residence from the government without any middlemen.

[Anonymous No.52606505]

>>52606431
>Landlord can just barge in
Why do zoomers believe this? Maybe it's because I live in Texas but they absolutely can not
>Can decide to sell
He is free to do that once my lease is up

[Anonymous No.52606512]

>>52595064
>52606316
how to make use of this? BTC is worth more than home? vs usd?

[Anonymous No.52606594]

>>52605999
>>52600186
>>52593714
Damn, all you guys got girlfriends. I just masturbate.

[Anonymous No.52606764]

>buying a home
You've gone long on the housing market
>renting
Shorting the housing market

Doesn't really matter what the market says my home is worth...I bought it to raise a family and modify it to live in. 340k yearly household, drive a 2009 sedan that's shittier than every high-school on my block. When the kids graduate we'll sell it for whatever we can get at the time and move somewhere more suitable to our needs at that time. If you want to speculate fine, but pissing money away on something that doesn't add tangible value is fuckwitted

[Anonymous No.52606839]

>>52606594
Frankly, the world needs more men who are fine just masturbating.

[Anonymous No.52607191]

>>52606505
>Your landlord can always barge in with minimal notice
24 hours is pretty bullshit honestly.

[Anonymous No.52607944]

>>52593637
Ok great, how and when do I get a house at a non-fictional price I can afford then?

[Cryptos No.52608657]

>>52606089
Fuck your spam

[Anonymous No.52609686]

>>52605803
nailed it

[Anonymous No.52609755]

>>52599065
????????????
>A renter simply has his retirement savings invested in stocks/bonds rather than a physical home.
if you knew anyone besides your mother you would know this is wrong
>Renting is superior, nearly across the whole board, and I’ve yet to hear anyone give me a reason why owning is better.
the zestimates didn't even start going down yet and here you are really trying to claim that property is a bad investment

[Anonymous No.52609995]

>>52605489
>>52609755

I’m starting to think you’re just too low IQ to even understand what I’m saying

>lock in muh housing prices in “todays dollars”

You absolute fucking mong, you do understand that the money you’re “locking in” could have been invested at a higher yield than the future price increases on your rent right?

This means that the housing costs you’re “locking in” are comparatively WORSE given your total NW had you simply invested the money. You’re bleeding money by “locking in” to an underperforming asset class (RE instead of stocks)

I’m convinced 90% of homeowners are just like you, dunning-Kruger retards who got smooth talked into buying a property on 4x margin and actually thinking the asset class performs better because of the margin multiplier.

Did you just get confused by all the big words? Muh equity, muh “down payment”, muh locked in prices, muh zestimates. And you still don’t understand you’re simply investing in one pile (stocks) or the other (re). And RE loses that race for 100 years now

>>52606764

Again, stupid and wrong. Yes, if you just kept all over your money under the mattress, you are “shorting” the market (not really, but point taken).

But no one does that. Let’s say someone has 100, and they want to buy a 300k property at 75k down. If they chose to rent, they place that 75k into the market (which again, is a superior asset class with a higher yield).

So no, a renter is not “shorting” the housing market. JFC you incels are stupid

[Anonymous No.52610120]

>>52605803

While you’re not wrong and I’m as blackpilled as they come myself, this has nothing to do with the on-the-ground realities of how a millennial/zoomer should actually be living and the choices they should be making

The “road to serfdom” you describe actually is the most economically rational choice, which is of course why so many people are increasingly making it

I’m all for burning the system down and dragging (((them))) out of their homes, fucking their wives and children and torturing the military-industrial-banking-media-intelligence complex to death, but until that day comes, I’m stuck trying to make sense of my actual options and what’s on the table in front of me

[Anonymous No.52610146]

>>52593490
> median-priced home
Anon, that means there are homes below the median you can afford that doesn’t require a 6 figure income.

[Anonymous No.52610159]

>>52609995
I agree with your characterization. In your terms, you have another investment "pile": rent. You're investing in it now. Continuously. Over time. It nets you a -100% return.

Real estate may be a worse investment than stocks, but it's still a net positive that you can live in. If I could somehow split my body into tiny chunks and make it live piece by piece in all my funds, then I would, but I can't. So, it'll just remain one kind of underperforming piece of my portfolio. Sometimes returning 2%. Sometimes 0%.

[Fatburg No.52612732]

>>52595262
Cupb and handle?

[Anonymous No.52613983]

But I got 20 year fixed @ 1.75% with nothing down, seems ok

[Anonymous No.52614047]

>>52594067
I only make 45/hr so I be poor

[Anonymous No.52614082]

>>52594095
Those prices ARE for midwest shitboxes lmao