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

/biz/ - Business & Finance

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55600407 No.55600407 [Reply] [Original]

>Get a job making 15% more than the household income in my area
>can only afford to buy a trailer to live in
how is this feasible

>> No.55600475

>>55600407
it's hilarious how the media and politicians are completely ignoring the rapid decline in standard of living for most renters over the past few years. in most of the country you need an 80th percentile household income just to afford the average shitty 1400 square foot 50+ year old plywood box starter home.

>> No.55600692

>>55600475
The politicians don't care or this is what they actually wanted in the first place.
I just don't understand how this is economically sustainable? If even I can't afford to buy, then who's buying?

>> No.55602267

>>55600692
Rich FUCKERS
WITH BIG JUICY ASSES
AND TITS DRIPPING IN CUMMMM
MMM TASTY BITCHES COME HERE YOUR RENT IS DUEEEE!

>> No.55602311

>>55600692
Not sure about the US but here in Australia something like 90% or house buyers in the last few years are

1. Boomers selling their house to buy another house

2. Wealthy Chinese bringing money over

3. A family of 10 Indians pooling incomes together

>> No.55602360
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55602360

>>55602311
In the US is basically rich out of state tech employees buying up affordable real estate because they voted to ruin their home states.

>> No.55603501

>>55600407
Oh noo haha I'm so demoralized nooo

>> No.55603516

>>55600692
>how is this economically feasible?
Blackrock.

>> No.55603542

>>55600407
You aren’t competing with people who are first time home buyers who only have their income to go off of. You are competing with people who have hundreds of thousands or millions in cash to throw around

>> No.55603666

>>55603501
What you should do and OP too is to lynch politicians, the white house and Bankers on live tv

>> No.55603762
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55603762

>>55603666
Holy based

>> No.55603934
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55603934

>>55600407
As of 2023, more than 60% of Americans under 35 are living with their parents.

>>55600692
>If even I can't afford to buy, then who's buying?
Chinese, Israeli, and Russian investors
Wall Street
Private equity
Venture capital
Tech bros

>>55600475
They don't give a shit, Americans are incredibly cucked and will let the ruling class walk all over them. Any talk of affordable housing or higher wages, etc is met with shrieks of "HURR DURR DATS SOSHULISM"