/biz/ - Business & Finance

[Anonymous No.57440670]

How are we ever supposed to be able to afford a house?

[Anonymous No.57440720]

>>57440670
Renting

[Anonymous No.57440738]

>>57440670
wait for your parents to die and live on their estate forever
mom and dad did put you into their will, right anon?

[Anonymous No.57440772]

>>57440670
why are normies too braindead to invest money in anything except 401k and houses

[Anonymous No.57440822]

I'm extremely lucky and have friends who work construction, so I'm purchasing land, raw material, and will build 80% of the house myself. We can legally do the foundation, frame, electrical, and insulation. We just need to contract plumbing for the well and sump pump + levelling and we're good to go. Having gone down this endeavor, my hatred of boomers, RE speculators, and mortgage cucks has reached pinnacle levels of contempt. Not to mention the notary fees and middlemen who are useless eaters that piss me off. Doing the work yourself lifts the veil of how much of a scam RE is, and boomers and 2020+ latebuying mortgage niggers look at you like you're competition because you bend the rules. I've calculated that building it with friends will save me ~30% as a whole, with margins of error and hidden fees included.

The memes on boomers are real btw, and my experiences the past 2 years has been a nightmare, with them attempting to sabotage me every step of the way. I generate this seethe out of nowhere when I mention I'm being self sufficient

[Anonymous No.57440835]

>>57440670
The real reason they brought in all the migrants this year was to suck up the liquidity when the market crashes.

[Anonymous No.57440837]

He's right but also wrong. It causes me physical pain when I have to buy food to live, I want to cut out more and live in poverty to save money. Because the people who say "fuck it" and spend all their disposable income will never have 12k from cutting coffee, or another 12k from cutting netflix, or whatever.

[Anonymous No.57440842]

>>57440822
I noticed this too. Structures in the US are *crazy* overpriced because of the way lending works.

[Anonymous No.57440856]

I’m about to buy a 368k home.

Sucks to live in AZ. But I’ll have a huge backyard and live in a decent area to raise the family.

[Anonymous No.57440857]

>>57440670
closer to 16k assuming you get a average 5% return, also this defeatist thinking is pathetic if you can save $5 a day you could easily double that and save $10 most people could probably even save $50 or more a day if they really tried.

[Anonymous No.57440887]

>>57440835
>>57440842
This as well. There's no organic demand for water damaged McMansions that are 100x more expensive than the boomer faggots that bought them are asking, so they're just obliterating supply by stuffing as many immigrants into the market as possible

Feds getting upset at Texas makes absolutely zero sense unless someone risks losing money from the flow of human sewage surging in gets cut off

[Anonymous No.57440896]

>>57440887
getting*

[Anonymous No.57440906]

>>57440856
368k is cheap if you're in Phoenix

[Anonymous No.57440918]

>>57440738
>implying boomers won't spend every last cent on life extension, vanity purchases, and feels-good donations to third world countries

[Anonymous No.57440924]

>>57440670
You're not. Blackrock and 60 IQ migrants are the only ones allowed to have homes.

[Anonymous No.57440937]

>>57440906
Nope San tan

[Anonymous No.57440942]

>>57440670
>$1200 a year.
Might not get you a house deposit, but it's nothing to sneeze at. Even if you're saving $100k after tax in a year, this is an extra 1.2%.But most people aren't saving any where near that much.

[Anonymous No.57440982]

>>57440670
>didnt even consider cutting out avacado toast
Its like they want to stay poor

[Anonymous No.57440992]

>>57440937
Ok, Scott

[Anonymous No.57440999]

I'm about to get a 9 bedroom house for $200k in Minnesota, $10k down.

[Anonymous No.57441020]

>>57440982
I hate how avocadoes have become associated with snooty vegans. They're ironically androgenic as fuck when added to a lifting regimen. Yet another boomer psyop to get kids on omega-6 seed oils I guess

[Anonymous No.57441038]

>>57440670
Oh no no no no boomerbros wtf are we supposed to do now that our smashed avo strawman fallacy no longer works?

[Anonymous No.57441085]

>>57440670
I hate when people post stupid takes like this. The price of cofee in 1980 was 94 cents, $225.xx yr, 2256.xx 10 yrs. The average home was $64600. Cutting out a daily coffee has never been enough, ever. It's a cope for assholes with poor financial disipline.

[Anonymous No.57441143]

>>57440999
This must be in the middle of nowhere and falling apart. But I believe it's possible

[Anonymous No.57441218]

>>57440670
5x7=35
35x52=1820
1820x10=18200
Thats enough to put a downpayment on a shithole or buy yourself a decent used boat. Its enough to buy a new rolex.
If you put it into investments with ~8% return you're looking at 30k.

[Anonymous No.57441227]

>>57440822
building is absolutely the way. I mortgaged my way in at 26 back in 2020 and it worked out _ok_, but there's no way this 100 year old shitbox is really worth 1.2 million now.

[Anonymous No.57441234]

>>57440992
Hm?

[Anonymous No.57441239]

>>57440837
>Because the people who say "fuck it" and spend all their disposable income will never have 12k from cutting coffee
what are you going to buy, half of a reliable car?

its better to spend your money on tangible things right now while your money is still worth something

[Anonymous No.57441257]

>>57440937
Why the fuck would you buy all the way out there in an HOA community 5 feet from your neighbors?

>because its cheap and its NEW

Christ Millennials are dumb

[Anonymous No.57441276]

>>57441257
The lot we’re buying is much bigger than most and has separation from neighbors. You go into any neighborhood and you’re linked up next to all 3 neighbors around you so don’t give me that bullshit.

Central Phoenix is a shit hole, Scottsdale is too expensive, we have property in Chandler but a family home that isn’t beat to shit isn’t cheap, AJ sucks, mesa sucks, Gilbert is too expensive, queen creek is San tan in 5-10 years.

Go ahead an suggest something that wouldn’t require me to put 40k in repairs replace the ac in a year and have spics in my front lawn at all times, I’m waiting asshole.

[Anonymous No.57441405]

>>57441276
>Scottsdale is too expensive
>Gilbert is too expensive

Make more money. Stop buying lattes.

You're going to send your kid to a school where 1 in 3 kids is a spic because you were afraid of having to replace the A/C one day (not even a 10k repair).

[Anonymous No.57441428]

>>57441405
Literally every single school is 1/3 spic did you even look at your graph?

>stop buying lattes
Nigger the only expenses I have are food bills and baby necessities. Link me one home that is 9000 sq ft that’s not a complete dump stuck in 1980 under 370k also not in the middle of little Mexico I’ll be waiting.

[Anonymous No.57441438]

>>57440670
>$1200 getting 4% returns after inflation is $48/year
>$48/12 = $4/mo for life in today's dollars
>don't buy an iced latte for 10 years
>get a free $40/mo in today's dollars
>you basically can now get a $5 latte 8 times a month for free forever
>do it for 37.5 years you get a $5 latte every day for free forever
it's just that easy

[Anonymous No.57441445]

>>57441405
For the record household income is 200k but we’re not looking to live paycheck to paycheck like you fucks, looking to buy multiple properties and rent to old people that are having an increasingly hard time being able to retire, not my fucking problem.

[Anonymous No.57441461]

>>57441428
>Literally every single school is 1/3 spic

Every school in SAN TAN

This is why you buy in SCOTTSDALE/PARADISE VALLEY

Thank god my parents weren't as dumb as you and actually worked to put me in a white district

[Anonymous No.57441471]

>>57440738
My parents are both poor and don't own property

[Anonymous No.57441473]

>>57441445
>i'm actually very wealthy
>i just CHOOSE to live 45 min outside the city
>in a lower middle class spic suburb
>where everyone lives in a 2 story house
>5 feet from their neighbors
>on a postage stamp lot
>in an HOA

lmao

[Anonymous No.57441475]

>>57440670
Gaddafi and Hitler both had it right, the way they made it easier for people to afford (or even get free) housing.

[Anonymous No.57441486]

>>57441461
>high school
You think we’re going to raise a teenager in Arizona? You’re fucking retarded I said we’d only be living there for 5-10 years why are you showing high school?

Still waiting on you to link a single home that meets qualifications keep posting education graphs that don’t even matter as I won’t live here in 10 years lol dumb fucking boomer
>>57441473
Again show me a home that meets the criteria. Yes I want to live paycheck to paycheck and be tied to the same home my whole life like you lol.

[Anonymous No.57441495]

>>57441486
>i bought a house last year at 7% interest rates
>i don't plan on being here longer than 5 years

LMFAO

[Anonymous No.57441508]

>>57441495
This nigger can’t even read I’m BUYING a home we already have property that’s at 2% and the new home will be 4.5%. Going to either sell or rent it out in 5-10 years.

[Anonymous No.57441521]

>>57441508
>the new home will be 4.5%

Yes. Because banks give out mortgage for the same rate that they borrow from the treasury at. Because that's exactly how it works.

Holy shit renters are retarded

[Anonymous No.57441530]

>>57440918
This is exactly what my parents did. Not like I was counting in it anyway. My step mother got the house when my father died, which I guess is understandable since she had no income herself.
My mother already sold her house and travels South each winter because she doesn't like the cold.

[Anonymous No.57441540]

>>57441521
Still hasn’t shown a single home lmao

[Anonymous No.57441607]

>>57441540
I actually completely agree with you on that point.

You should wait until a 9000 sqft home in a white area is on the market for 370k.

Keep renting in the mean time. And thank you for renting.

[Anonymous No.57441636]

>>57441607
I’m a land lord and don’t rent what?

I own property, rent it, going to buy another property to live in for 5-10 years and leave and rent that too. Then I’ll worry about white high schools lol when it actually matters.

Never paid a cent for renting that’s for retards and boomers with children that have abandoned them.

[Anonymous No.57441687]

>>57440670
>Don't buy homes goy. Mr. Shekelstein has a nice apartment for rent.

[Anonymous No.57441989]

>>57441687
Unironically just live in your car. It's way cheaper and if you don't have a family you don't really get much out of the overpriced shitbox house/apartment.

[Anonymous No.57442005]

>>57440670
Mental illness. He's only calculating coffee. Add a snack. Add the beers and the fast food. Add all the stupid subscriptions. Now is it worth saving up?

[Anonymous No.57442074]

>>57441636
>going to buy another property to live in for 5-10 years and leave and rent that too. Then I’ll worry about white high schools lol when it actually matters

you don't look at schools when you buy properties?

[Anonymous No.57442162]

>>57440772
Because that's what the government told them to do.

[Anonymous No.57442184]

guys what's so fucking hard about this. if you bought a house in 2018 you're up 2x already.

just don't buy a house you cant pay off within ten years. have a fuckin proper job and just live within your means

the problem is you faggots all want to live in the city center in a large house and drive a fuckin suv

(I live in a small house in the city center with a small electric car)

[Anonymous No.57442227]

>>57442184
Just buy a house in 2018 bro, solid advice

[Anonymous No.57443215]

>>57440670
Why buy half a million house when I could just live off divies from that half million? I'm already at 300K, 500K will be reached in 10 years, maybe less if the markets behave correctly.
>Hurr durr you can't live off 500K.
Indeed, I only need 400K to keep my current life. Way less if I go expat myself in a cheap country.
Meanwhile housingownercucks will just work to pay off that debt until they are 60

[Anonymous No.57445081]

>>57440999

I would pay to get out of this cuck state

[Anonymous No.57445122]

>>57440738
My parents are retarded with money, could have sold their house for 550k and live at my grandmas paid off hoise for free whilst just waiting and selling high, but nah, kept it went on a cruise to Cuba and is asking me when Ill be buying a house.

Boomers are on unfathomable level of narcissim and retardation.

[Anonymous No.57445155]

>>57440670
>How are we ever supposed to be able to afford a house?
you aren't supposed to, that's the whole thing

[Anonymous No.57445209]

>>57440670
> femoids don't buy starcucks on the weekend
> femoids don't spend 100's per month on cosmetics
> femoids don't spend 1000s per year on hair
> normans don't have $500+ monthly car payments not including insurance
> truckbros don't buy $100k trucks that aren't even business expenses
> normans don't spend $100/mo extra for bullshit delivery services
> normans don't have 3+ streaming subscriptions

If it was ONLY iced coffee - we wouldn't be where we are.

[Anonymous No.57445217]

>>57445122
This. Boomers don't give two fucks about anything but themselves. They will burn through all their cash on medical bills. Probably even do a reverse mortgage on that house you think that they will leave to you. KEK.

>>57440738
waiting around thirty years for your fucktard parents to die is a horrible decision.

[Anonymous No.57445277]

>>57441989
>be me
>live out of a car in a resort town
>be a workaholic for a year
>morning gig is by hour. evening gig is tip bases
>In hospitality and employer covers meals
>get rec or gym membership to access a shower
>Save every last penny
>laundry, occasional extra food purchases, and gas/oil changes are only expenses
>Sacrifice was worth it

[Anonymous No.57445289]

>>57440670
These city folk retards are so pathetic it's hilarious.
That's 1/5 of a house and a full acre yard if you move to a rural area.

[Anonymous No.57445311]

>>57440822
If they had to do it. YOU HAVE TO DO IT.
That's all the care about is that you don't have it easier than they did.
They had it the easiest and there is NO DAMN CHANCE IN HELL you'll have it easier sonny.

[Anonymous No.57445390]

>>57440822

Boomers are narcissists and they will not accept you getting any attention over them. If you do better than them in any way they will attempt to destroy you.

[Anonymous No.57445567]

>>57441989
>just live in your car. It's way cheaper and if you don't have a family you don't really get much out of the overpriced shitbox house/apartment
idk, having a kitchen, pc, temperature control, privacy, my own bathroom, mailbox, laundry machines, and a bed is real fucking nice. 1600/mo is not that bad.
Living in a car sounds shitty as fuck unless you can get some kind of arrangement somewhere to park for free. If you can't then you're either paying lot fees or you're always on the move and getting kicked out of places. Shitty car insulation sucks, especially in the winter. It's cramped, you can't cook unless you setup shit up to do it. At best you can get a cooler and keep refilling it with ice or mini fridge. Always have to travel somewhere else to shit or shower, and it's always among other people.
Maybe an RV or a trailer or spending a month and converting a large van into a home would make it worthwhile, but that's still going to cost extra to maintain and lot fees are already pretty close to the price of rent.
The only way it makes sense is to do it temporarily for a few years while working a high paying job in an overpriced city that costs 50k/year to rent, and then taking those savings to an early retirement. For places where rent is reasonable, trying to live out of a car is just way more effort than it's worth compared to just paying rent.
>>57442184
>the problem is you faggots all want to live in the city center in a large house and drive a fuckin suv
>(I live in a small house in the city center with a small electric car)
I'd be happy to drive 20-30 minutes outside the city, houses are still 600k+ out there too though compared to the 650k+ in the city center, not much savings there. I also don't own an suv, I have a paid off car that's 10 years old.

[Anonymous No.57445677]

>>57445567
>idk, having a kitchen, pc, temperature control, privacy, my own bathroom, mailbox, laundry machines, and a bed is real fucking nice. 1600/mo is not that bad.
It's not $1.5k nice IMO.
>I'd be happy to drive 20-30 minutes outside the city, houses are still 600k+ out there too though
They're that expensive an hour out these days. Buying makes no sense.

[Anonymous No.57445759]

Prices are divorced from reality and can't stay that way forever.

[Anonymous No.57445778]

>>57445759
>reality
Brother, let me explain "reality" to you.
REAL estate is REAL.
It's bid up for this reason. Land is sky high now, you get less of a return on farmland than T bills at this moment.
Is this not "reality?"
Or is reality one that if you can bag something REAL and have it in your name, that this is in fact worth an absolute fuckton?

[Anonymous No.57445854]

>>57440999
Shit, is it that old ome on craigslist that used to be an asylum? I was thinking of looking into it.

[Anonymous No.57445861]

>>57445778
Something is worth whatever someone else will pay you, or more precisely, trade you for. If that something is in a market that has debt integrated heavily and prospective buyers can't service that debt, what someone will trade you for will decrease until they can. Simple as.

[Anonymous No.57445871]

>>57440822
This absolutely seems like the best way, especially if you have a network of tradies that you know are solid and won't rip you off. I looked into doing this a few years ago but there's so much regulation they've piled on to scare away any would-be competitors, not to mention the months of waiting for municipalities to permits.
Even the cost of land now is so expensive anywhere near my work though, 500k for a tiny parcel, I might as well just pay an extra 150k and get an actual house already built. Even going an hour out I see 400k for 2.8 acres, or 300k for a postage stamp.
>>57445677
>They're that expensive an hour out these days. Buying makes no sense.
Yeah, I'm a leaf and everything in southern ontario is insane, I check prices in the US sometimes and it's a completely different world. Going an hour outside of any city and I see 1 acres going for at most 50k. In some cities, 0.5acre lots going for 20k. Even with currency conversion, that's like 1/5th or 1/10th of the price that I'd have to pay.
Detached houses themselves are still a sweet deal there too, I see decent homes for 200k or 250k in a lot of cities, which is about half the price I'd have to pay for a teardown meth shack. It's crazy how different my life would be living anywhere over there.

[Anonymous No.57445881]

>>57442074
For my 9 month old daughter a high school is not my concern when she’ll be 10 when we leave.

[Anonymous No.57445920]

>>57445861
But not all land or housing has debt attached to it. The debt is literally NOT the problem of the buyer. There are alternatives.

People can personally get in a tight spot, but this is not what dictates the selling price of goods. The entire market as a whole dictates it.

I'm about to buy 20 more acres of farmland at probably 10,000 per acre.
The seller has no debt, but farm returns are low and she's older. Personal circumstance could get her to sell lower, but the price is dictated by the ENTIRETY of available land and it's general sale price.
Down the road 23 acres went at $9,500.
NO ONE ASKED IF THE FARMER OWED MONEY.
They weren't bidding against the seller, they were bidding against the other buyers.

[Anonymous No.57446001]

>>57445920
It's not dictated entirely by availability. Doesn't matter if a plot has debt attached as it's valued in a market which has been levered up by debt.

[Anonymous No.57446025]

>>57446001
>and it's general selling price
Not all land is for sale at all times.
You look at recent sales, recent lot sizes, quality of land, and etc.
The point is that how much debt the seller has is almost entirely irrelevant unless you are in a small market with barely any alternatives because then the seller can be pushed into liquidating it to you.
But ain't no one liquidating a fucking house near any other houses or a 40 acre lot.
It will go at market price.

[Anonymous No.57446041]

>>57446025
>It will go at market price.
Exactly, and because market price is influenced by the larger debt market, if a buyer can't afford an asking price at current interest rates, the asking price will correct.

[Anonymous No.57446197]

>>57440856
You aren't buying anything you're most likely selling yourself into 30 years of wageslavery. Enjoy the plantation.

[Anonymous No.57446208]

>>57446197
I don’t understand you guys
What is stopping me from selling my home in 5 years. Nothing.

[Anonymous No.57446226]

>>57440738
My mom confessed to me I'd be getting the "big house" (500 miles from the nearest source of employment) when she passed. At this point that's the only way I'll be getting any form of real estate, but I can't help wonder about my potential future children, even the big house can only be split into maybe 2 apartments...

[Anonymous No.57446227]

>>57446208
Nothing, if you enjoy losing money that is.

[Anonymous No.57446258]

>>57446041

Also keep in mind that the normie in the US is hitting their debt cap at the same time that lenders are tightening. Home prices are out of "reality" because they are predicated on unlimited cheap debt to speculate with that simply doesn't exist anymore.

[Anonymous No.57446294]

>>57446258
Precisely. Snap back to reality, mom's spaghetti etc.

[Anonymous No.57446308]

>>57440670
It's more of the fact that the retard who is spending $5 a day on coffee is also spending more money on other shit they don't need.

[Anonymous No.57446329]

>>57442184
Bought my house in 2018 and all the people around me told me I was buying at the top of the bubble. They said they were waiting for the big crash and they are still waiting for it to this day

[Anonymous No.57446488]

>>57446329

RE cycles can be very long.

[Anonymous No.57446533]

>>57440670
Pic related is a Bullshit story, Save that $1200/year cut out some other unnecessary crap and wait for the dip once you've save it all up. YOU CAN HAVE THAT lATTE ONCE A WEEK not everyday.

[Anonymous No.57446573]

>>57441428
>>57441607
You two are on crack. 9000 sqft is fucking huge. Where are you getting that for $370k?

[Anonymous No.57447184]

>>57446041
>the LARGER debt market
You realize there are straight cash buyers right?
They are everywhere.
Now yes, if there is no competition to bid because no one can get a loan or afford one of that size, then it will be built in through lack of bidders.
But the SELLER is at their mercy and the sellers ability to service debt is of literally no consequence whatsoever.

[Anonymous No.57447246]

>>57446533
This. First of all $5/day is $1825/yr. Second if you save and invest that even in boomer index funds, that'd be worth $30k in 10 years. That's a down payment on a $150k house, and only from a single one of your useless daily expenses. Stop door dashing every day and save $25/day instead of $5. That will get you $150k after 10 years.

[Anonymous No.57447255]

>>57446226
>but I can't help wonder about my potential future children, even the big house can only be split into maybe 2 apartments...
The eldest inherits the house, the second, if he's a man, you send to the Church, the rest can fuck off

[Anonymous No.57447269]

>>57447246
It's a hilarious psyop these zoomers are running on themselves.
Anyone with anything did nothing for a decade and saved all their money.
Ask any person at all that came from little and became a success and every single one spent a decade staying home, cooking their own food, and saving every day they had and/reivnesting it into a business.

[Anonymous No.57447614]

>be me
>cook for myself
>brew my own coffee
>know people who eat out daily or even twice a day
>incidentally they buy those $5 iced lattes
>they burn through $15-25 on mediocre fast food and questionable coffee each day
>I probably spend less than $5 a day on food that I cook at home, definitely less than $10 even when I'm splurging
>I eat better than food than they do
>in a week they'll burn through a hundred dollars that they don't have to
>in a year they'll burn through the down payment on a new car
>they invariably complain about money to me

[Anonymous No.57447641]

>>57440738
My father might, if he doesn't sell it to return to his home country. If he does then I still get a house, just in South America.

[Anonymous No.57447766]

>>57440670
>supposed to be able to afford a house
Why do YOU think that YOU should be able to afford a house? Don't you know it is the CURRENT YEAR?

[Anonymous No.57447771]

>>57440670
Stop holding up your end of maintaining civilization if there's no civilization. How would Hernan Cortez afford an Aztec home?

[Anonymous No.57448760]

>>57447614
in ten years you both will still be broke af, and the difference is they had a better time. you will never make money by "saving" lmao

[Anonymous No.57448865]

>>57448760
You invest what you save you absolute fucking poor retard.
Let me guess, just another month til your shitcoin moons?

[Anonymous No.57448904]

>>57446227
Explain to me how paying $200 extra a month for a year until we can refinance and get a lower rate, paying $100 extra because of interest and probably going into $30k extra overall for the 5 years when the house increases by 50k+ with 20,000 profit, explain how that is losing money please.

[Anonymous No.57449036]

>>57440670
this is why stocks are at an ATH, if you can't buy a house put it into the next best investment.

[Anonymous No.57449205]

>>57440670
People look at a house and location they would like to live in and think they will never afford that.
Correct.
You start with a shitty small house in an average area. If you have an onto it wife you save both your incomes until you can get a mortgage for the little house.

After a year your incomes have gone up and so has your equity as you pay down the mortgage and the house's value increases.
You use this to sell your little house and buy a better one. Rinse and repeat.

[Anonymous No.57449211]

>>57449205
NOOOOO
IT'S RIGGED IF I CAN'T GO STRAIGHT INTO A MILLION DOLLAR HOUSE!!

[Anonymous No.57449264]

>>57441218
You assumed those returns if you had 18k from the start, asshole.

[Anonymous No.57449301]

>Know a boomer couple, friends of family and all that
>Chatting to them recently, they brought up that they had reverse mortgaged their fully paid off house to finance a new car and holidays
>Know they have a bunch of children and grandchildren, some of them still living with their parents
>tfw the mixed feelings listening to them talking about their travel plans

[Anonymous No.57449334]

>>57442227
The archives are full of threads from back then where the majority of anons thought it was a stupid time to buy
> “Why would I want to buy the top of an obvious housing bubble
Kek, rentcucks have been retarded for as long as I can remember

[Anonymous No.57449410]

>>57440670
but its not just coffee. its coffee AND breakfast
AND a bunch of redundant subscriptions you dont even use
AND going out to eat
AND getting a drink that not water when you eat out
AND new shit you dont need
AND getting drinks with friends
AND forcing yourself to own a pet(s)
AND getting the expensive brand stuff
AND getting ever new version of a phone
AND paying for thousands of songs that you skip over anyway
AND games in your steam backlog
AND new shoes
AND going to the movies
AND cigarettes and/or drugs
AND delivery fees for doordash and instacart shit
AND tipping
etc etc etc
theres so much bullshit fucking excess. its not just ONE thing, its a myriad of things compounding and keeping yourself in poverty.

[Anonymous No.57449489]

>>57449410
CAN'T THEY JUST INDULGE IN EVERY FRIVOLOUS VICE ON THE PLANET AND STILL OWN A MILLION DOLLAR HOME!?!
WHAT IS THE WORLD COMING TO!?

[Anonymous No.57449669]

>>57449205
I agree, but even the starter home prices are atrocious in a lot of places these days. Plus the real deciding factor on home buying comes down to demographics(access to white people is a human right, as we all know)

[Anonymous No.57449691]

>>57440822
>Save 30% by compelling your friends to give you free manual labor
kek this board is fucking retarded

[Anonymous No.57449765]

>>57448760
>they had a better time eating shitty fast food and frozen tv dinners instead of tasty homecooked meals
>in the meantime I have money to either invest and set aside or spend on something else in addition to having food that tastes better and is more nutritious for me

[Anonymous No.57449949]

>>57440670
We? nigga i own 3

[Anonymous No.57450642]

>>57440670
The point is actually about being a whiny cunt and pulling up your bootstraps and doing what you have to actually get ahead rather than hitching about it while wasting money.

[Anonymous No.57450823]

>>57440670
Why do you need that?

I put my down payment into staking (some eth some stables) and keep doing this like I pay mortgage only less because I also pay rent(not some NY level shit) so I will not need to have the same house that needs attention and care.
But what matters is to manage that money properly

[Anonymous No.57450840]

>>57440670
Now put that $5 into bitcoin every day for 10 years instead.

[Anonymous No.57450856]

>>57440670
you need LINU tokens anon

[Anonymous No.57450961]

>>57440738
He's burning everything away on short term expiry options and blaming the outcome on me, so not really no.

[Anonymous No.57450965]

stink bomb clothes

[Anonymous No.57450970]

>>57440857
there is zero point in attempting to explain literally anything to consoomers

[Anonymous No.57450987]

>>57450970
Thumbnail looks like a jalapeño slim jim

[Anonymous No.57450995]

>>57447246
>$150k house
>in 10 years
wew lad

[Anonymous No.57451071]

I will literally never own a house, and I'm starting to come to terms with it.

[Anonymous No.57451072]

>>57450823
THIS

I do the same. Created a vault of my own via Spool and I keep feeding it every month. I believe I will be able to get something for myself before my retirement if I want to, without making banks richer.

[Anonymous No.57451164]

Riddle me this

If I buy a home for 300k with 6% and after 5 years sell the home for 350k, I profit say $20k, what’s the issue with that?

Am I missing something? Closing costs for selling? Thats factored in

[Anonymous No.57451178]

>>57451164
At some point, the ladder has been pulled up behind you, and there's an ever-smaller number of people that are playing musical chairs with you.
That might be 3 or 30 years from now, depending on how many Pedros and Pajeets we import, but that's what you are missing.

[Anonymous No.57451224]

>>57440670
At some point in the future:
Robotics + advanced AI = mass production of new next gen homes along with all the infrastructure to support it.
It'll definitely cause some trouble in the RE market but I think existing high value homes in key places are going to retain their values. All the boring shitholes are gonna see a big crash with an exodus to these newly fabricated homes.

[Anonymous No.57451237]

>>57451178
What

[Anonymous No.57451248]

>>57451164
a) It only grows in nominal value which means you could have put that money in an index fund and gotten a better return
b) It grows faster than nominal value: eventually the bottom drops out of the place it's in because it's all homeless migrants living there (see: Southern California.)

[Anonymous No.57451262]

Either wish for WW3 or get a better job. Only way prices are ever coming down again is from an existential crisis to America's existence.

[Anonymous No.57451296]

>>57440822
>building it with friends will save me ~30% as a whole
either your friends are ripping your off or you are paying them generously

[Anonymous No.57451309]

>>57440937
>San Tan
give it a decade and it will be maryvale 2.0...but that's perfect because youre gonna want to dump that baggie before the roof fails anyway

[Anonymous No.57451380]

>>57449301
lol that's 100% the wife isnt it...what a cuck

[Anonymous No.57451962]

>>57449264
No, I assumed 1820 a year at 8% return. The one doing bad math is the OP.

[Anonymous No.57451983]

>>57451248
So the argument is essentially because I’m using this money to buy a home it could have been used better elsewhere
Okay that’s stupid moving on

>>57451309
We don’t plan to be there past 10 years but I don’t see San Tan going south at all.

[Anonymous No.57452923]

>>57440670
>5$ at Starbucks
>0.25$ home made
how are these coffees so expensive

[Anonymous No.57452965]

It's closer to $18k considering the interest you would have gained had you invested it in an ETF like $spy at an average of 8% per year.

[Anonymous No.57452969]

>>57440738
>Estate
>Will
Kek. They don't have shit worth having.

[Anonymous No.57452992]

>>57440822
That 30% assumes you value your time at $0. Housing is inflated for sure but if it's only 30% above what it should cost that's because people don't work for free. And they certainly don't work at marginal cost.

[Anonymous No.57453145]

Me personally, I will have to wait till inheritance.
I fucked up, I didn't start investing in anything till I was 30 and I work an average wage job.

[Anonymous No.57453151]

move to russia and enjoy cheap prices basically for everything

[Anonymous No.57453183]

>>57451072
>gives his assets to some shady retards in turkministan

[Anonymous No.57453625]

>>57440738
my parents are redpilled to the economy and basically said the only way id probably ever get a house is when i inherit theirs which isnt what they expected would happen. theyre not the cruise type so i know they wont sell it.

[Anonymous No.57453711]

>>57453151
Russia is using third world retards like you for meat wave attacks.

[Anonymous No.57455593]

>>57440670
unless you're in canada or australia, quit your fucking whining. americans should look to those two countries to see
how bad it can really get.

[Anonymous No.57455698]

Buy Bitcoin? It will appreciate in value faster than housing, in the long run. Housing supply can still grow so much as there's lots of undeveloped land out there, and even once all the land is claimed and developed over time, we can always start building upwards. So the housing supply will increase to meet demand, but there's only 21mm bitcoin.

[Anonymous No.57455740]

>>57449691
Do you not have friends? My brother does concrete, full rebuilds, new builds, my friend is a framer, I know a plumber and an electrician. I could poor a pad with my bro, and basically schedule each one of these guys when they have time to fly out and put in wiring/pipes affordably. How is it possible for a "human" to be as cucked as you?

[Anonymous No.57456748]

>>57455740
>Fly out
What the fuck?

[Anonymous No.57456792]

>>57440670
>5 x 7 = 25

[Anonymous No.57457984]

>>57456792
5 as in the 5 working days out of 7.

[Anonymous No.57458060]

>>57455740
>Do you not have friends?

Just not retarded tradie morons. They're actually successful people with better and more productive things to do than slave away for free so their friend can save (lol) a couple hundred thousands.

[Anonymous No.57458214]

>>57440670
> How are we ever supposed to be able to afford a house?
You are not. You vill live in ze pod.

[Anonymous No.57458277]

>>57440670
Enjoy your espresso
And your disney plus
And your amazon prime
And that $3/month cell phone widget of a cat you forgot about
It really amounts to nothing