/biz/ - Business & Finance

haircomb

>>54951654
I still dont understand this spam

*farts* haircomb

Boomers and Black rock keep dumping money to prop it up.

Your welcome, I know 99% of posts on this board are trolls and emotional retards, unfortinatly that is the answer.

>>54951651

>westoids currently inviting in 1.5 BILLION "economic migrants"
>being mean to brownoids is a sin in whiteys eyes, so they will all get free housing at the taxpayers expense
>westoids are also devaluing the shit out of their dollar at a much faster rate than 5 years ago

If you're waiting for a housing crash, then I'm sorry to say that you're retarded

>saving up $30k per year
>sacrificing quality of life
>eating ramen and rice
>neglecting friends and refusing to go out
>house prices are still outpacing me
I'm throwing my youth away and I still can't even afford a home. And yes, I am a leaf.

>>54951651
Simple. There is more demand than supply.

>>54952162
My gf and I watch a home improvement show on a network called 'HGTV'. There's a show where these twin guys rehab a home, often for a young couple, usually 30 yo or younger. Virtually every show is that young couple with a 'starter home' that's 'only' worth 850k and these couples 'barely' have enough to scrape up 150k for the renovations. All the shows are like that, and there's often quite a bit of diversity (lesbians, wmaf, etc).
Not sure why all you Canadians say things are bad, when there's shows like this and your market has been redhot for decades now.
If you think things are bad now though, just wait until MILLIONS of more Africans, Indians and Chinese come in with their money. Best step up your game bro.

Because nobody is panic selling.

Nobody needs to sell for less than they bought a house for (yet??), and nobody wants to sell to trade up with interest rates where they are, so inventory remains historically low.

>>54952381
>wmaf
How the fuck is this diversity? That's like saying being blonde is being a minority.

>>54951651
>Boomers and the millennials who inherit the bags want to keep land supply scarce to maintain wealth
>Anything that does go on market is snapped up by BlackCock
>Third world population only going up which is being imported to the west en-mass to pump housing bags

You had 5000 years

>>54951651
it already did a long time ago when the landlords started complaining, that was the alarm, you can't do anything but cry or just try to buy apartments with things like PAPA
or you know, do a life reset and try your luck in the next one

Growing population + limited housing = price go up

Blackrock

>>54951651
Because Its not a bubble. Its a loaded spring

>>54951725
That means nothing in terms of relative valuation, you're insanely stupid. Housing is still yielding far lower than any other investment.

>>54951651
Boomers would rather reverse mortgage their house than give it to their children.

And pic related.

>>54953413
If they did that then that would crash housing prices back to the prices they originally bought it at.

>>54951667
haircomb is the original bitcoin ordinal, a quantum proof token

the joke is no one on biz is smart enough to understand it

>>54951651
Blackrock

>>54951693
*claims* haircomb

>>54951651
Nobody wants to build house because theyre so expensive nowadays. So you have absolutely no supply hitting the market. You will only get a pop with layoffs and a mass boomer die off.

>>54952162
Mortgage my nigga

>>54953468
This makes no sense.

>>54953471
If houses were expensive that would encourage people to build houses.

>>54953477
That's the point you fucking moron, he's trying to save up for a down payment, do you know how mortgages acctually work?

>>54951651
Border policy/foreign investment/capital flight. Fix those and the bubble pops.

>>54951651
Supply and demand still up, so

>>54953506
Capital flight is good for housing prices.

Just Business will buy you a house

>>54953539
Going up or down?

>>54953484
>This makes no sense.
Take thems 30k or whatevs u saven use it as a downs payment forshizzle,, then puts what's yous savins as monthly payments and save the leftovers my nigga

>>54951651
Because the real bubble is in the car loan industry

>>54953653
You need 350k for a down payment dude.

>>54952329
Kek, except there’s not. Tons of houses sit empty off the market to create artificial scarcity. And greedy boomers trying to get 300k for a crack shack on 0.25 acres raise “average home price for the area”. There’s a massive bubble. And soon all of these retards that bought at the tippy top will be drowning when the recession hits.

>>54953413
>migrants
>not "illegal aliens"
>not "invaders"
Remember Operation Wetback? That was cool, we should do it again

>>54953715
Holy cope

>>54951651
As Based Ramsey said:
>the bubble is not in price
>it is in the rate of the increase

>>54953898
>c-c-cope!!!
Kek. Hope you have fun with your foreclosure(s).

>>54953898
It's not cope lol. I don't care if houses go up or down. All i know is their FCF yield is lower than any reasonable stock on the market. Until they come much lower I'm just going to buy undervalued stock that are yielding 20%

>>54953916
Except no one can afford to buy a house right now except BlackRock, especially no one watching his show.

>>54951710
is blackrock satanic? do they eat babies behind closed doors? i dont mean applying infant penis skin on their faces to look younger, i mean actually eating babies like one would eat chicken.

>>54953953
If you sold crypto in 2021 you could have.

>>54951651
because normies are fighting each other to max out their debt to income ratio.

>>54953936
Undervalued stock like what

>>54953715
300k is the floor around me. If house looks like squatters have been throwing raves and selling crack out of it, or youd have to join a gng to live their i can tell its 300 or 299k without looking.

The extreme prices of the housing market aren't crashing because people who complain about it will continue to buy still. Or if the houses are bought by investors they will continue to rent. See:
>>54952162
>>54952329
>>54953477
>>54953916
>inb4 But people will always need to either rent or buy a house, even if prices were avg $5000 p/w rent. What else are they gonna do???
I'll tell you. People would start building and living in communes, or just killing bourgeois scum outright. People generally will deal with times being tough but when they become impossible to deal with will start making drastic decisions like rioting and killing, read up on the French Revolution.

I live in Australia and people in Sydney make a huge roar about housing prices but when their late 20s comes around will pull their pants down and lube their and their wife's asses up for David Berg and his $1.2m starter home.

>>54953953
>except BlackRock
BUILT FOR BIG BLACK ROCK

>>54953958

>>54953982
Americans will never riot unless it’s blacks rioting against whitey
Whitey enjoys being slaves to the jew, it’s comfy like an old glove

>>54953958
blackrock cube

>>54953995
that is a lot of info to take in. if you didn't create that yourself, can I ask what your opinion is about them? and does that factor into deciding to invest in the stock market or not?

>>54953995
More explanation pls

Demand stubbornly high (and will only increase with population increase), inventory way too low

Good Luck,

Mike

>>54953961
I did sell crypto in 2021 and no... i still can't. No one can afford a house anymore, no one.

>>54953976
Berkshire Hathaway, META, Bank of American, BMO, J.P Morgan, Pfizer.

>>54953979
Wut???

300k is the minimum down payment that banks are asking for.

>>54953982
>I live in Australia and people in Sydney make a huge roar about housing prices but when their late 20s comes around will pull their pants down and lube their and their wife's asses up for David Berg and his $1.2m starter home.

Except only the very rich can afford those houses. What people in their late 20s are getting 1.2 million dollar starter homes??? The sons of the Lithium barrons???

>>54951651
Mass immigration

>>54953983
Goyim stables

>>54953995
?

>>54954169
>Except only the very rich can afford those houses. What people in their late 20s are getting 1.2 million dollar starter homes??? The sons of the Lithium barrons???
You sure about that? Read this article
https://www.news.com.au/finance/money/budgeting/how-much-deposit-you-need-for-a-1-million-home-loan/news-story/0d12d87cddcd2e2ec4942e6a3fa93eb9
Yes, middle class normies willingly become saddled with $1.2m loans simply because it's 'what you do' even though it's financial suicide and will surely trap them in a 40hr work week cage until they're 70+ and dying

>>54954242
>Yes, middle class normies willingly become saddled with $1.2m loans simply

I'm rich, come from a rich family, and banks have told me there's a 0% chance they'll ever extend me a loan to buy a house.

>it's financial suicide

I'ts not though, if you can take out a 1.2 million dollar loan for an apprecating asset, you are 100% set for life. You made it by any definition

>in a 40hr work week cage

If your job is so high-paying and prestigious that you can take out a million dollar loan, you aren't in a "cage", you're part of the elites running the planet.

>until they're 70+ and dying

Good, elites don't retire, we work for life. Look at Buffet and Charlie Munger, they're almost 100 and still working.

>>54954273
>If your job is so high-paying and prestigious that you can take out a million dollar loan, you aren't in a "cage", you're part of the elites running the planet.

Coping intensifies

>>54954292
I think you're coping if anything. I don't know if you're part of this bourgoise class that can take out mortgages but if so you have zero reason to complain about anything in life ever.

>>54954273
You aren't elite. Nothing in your post comes close to that definition. The individuals you have cited are far from the top of the chain.

>>54954418
I am elite, and the fact that you're spending a saturday arguing from the comfort of your home rather than working in a Congonese Lithum mine or being the sex-slave for some European brothel owner is proof you're an over-privileged elite too.

>>54954462
If you use that definition of elite, then I agree.
Wonky definition, but acceptable.

>>54954418
Well, they do have cash. Whom do you see far above them?

>>54953982
>People would start building and living in communes
picrelated
>or just killing bourgeois scum outright
picrelated
>when they become impossible to deal with will start making drastic decisions like rioting and killing, read up on the French Revolution.
picrelated
also history is generally fake and made up fiction.
the French Revolution never happened.
history ends after around 12 years of time passed as the chance of verifying a certain event, happening, whateverthefuck, nears zero exponentially after this threshold.
near 100% of all written history is unverifiable to the observer.
>I live in Australia
pic so fucking very very related
>and people in Sydney make a huge roar
remember as military patrolled your street during the lockdowns and you complied with staying indoors?
remember the helicopters with the loudspeakers that the park is closed and you are ought to go home?
remember the ritualistic animal sacrifices they did in the shelters?
where were you doing shit during that time?

let me reiterate:
picrelated

oh and btw.... we're sitting in the same boat because picrelated is all we did in unison.

>>54954462
Pretty sure it's congolese*

>>54954523
What now?
Read up the revolution or its fake altogether?

>>54954544

>>54954515
What's your definition of elite then if even Munger and Buffet aren't elite? Buffet is one of the richest people on the planet.

>>54952162
you can find something at 30k downpayment without PMI and pay into the loan, hopefully refinancing should bring interest back down to 3 or 4% and then you can sell it down the road and recoup your money in home equity and get something more upscale
buy cheap in a nice area and you should get more home equity than you pay into it and if a real estate firm swoops in and makes a deal with the property management and there is not some dumb redneck hindering things they will put in the cost of labor and materials and build a highrise on it and pay for your rent for the duration of the project therefore you will get free housing and a nicer unit that you will own under new management with higher HOA fees that you should have around 60% equity in by that point within 4 or 6 years, then you sell instead of paying the hoa and then you get the property value upfront which you then give 20% of to a new seller so you can capture more equity and live somewhere nicer

>>54954607
The cheapest downpayment is 300k

>>54954588
I was asking him why they aren't elite. My naive definition of elite would include him. Tbh he's not all bad anyway.
For me I'd say elite are c level managers of certain key companies, top politicians of a couple of countries, a lot rich people and clearly old families (mostly blue blood and bankers).
Open for debate though.
Like I said. You could legitimately argue that people with high living standards are an elite. However id argue, they aren't connected enough to form a social milieu.
Let's say we both are elite in your definition. We don't work with watch other, we can't form a critical mass and exploit markets.
For instance: grain longs started way before the Ukraine conflict.

>>54954628
no you can find 30 maybe 40k downpayments in a nice area, you are not living on the west coast, right? those are bags avoid avoid avoid boomers rode that train up since the 90s, the old ones pissed off that they did not buy into west coast real estate during that time
areas like seattle and san fran have done very little in terms of capital appreciation which is almost all of home equity capture these days

>>54954584
No serious history book claims that. Even german books about ww2 don't state that.
You mean history books in school. Sure, they are fake.

It has, takes multiple years to dump though, sane as in 2008, not that anyone on here would know

>>54954646
it never dumps though, the worst was the pullback in 08 which was just a resetting of 06 and 07 and the prices are amortized over 4 cycles so there is no inherent cyclical risk and there are various pograms to help people keep paying into it, section 8 housing pays the mortgages how do you think trump was so successful its backed by government roads and infrastructure projects

>>54951651
It will after during the next great recession which will start next year

>>54954738

>>54952162
Zoomers like this refuse to work on a house, it has to be "MoVE iN ReADy!".

>>54954672
>it never dumps though
Retard

>>54951651
It did. My townhome went from $460k to $400k within the span of 10 months. Then it took over two years to get up to $428k according to Zillow right now.

Is that not the bubble you were expecting anon?

>>54953983
Does anyone actually live in those desert suburbs or are they just investment properties?

>>54953983
Is that actually a BlackRock build to rent community?

>>54951651
Why would it pop?

>>54951651
Growing population + limited supply. Every single new construction single family home in my area is going for at a minimum 500k, nobody builds starter homes anymore, everything that is being built is an overpriced condo. Not to mention nobody who has a 2.5% interest mortgage wants to sell their home to then end up getting a 7% mortgage on their new home.

Also pic related

The housing market is going to be fucked for the foreseeable future until a major economic catastrophe happens.

its not a bubble its just a direct representation of your dollars power eroding

>>54952162
Put all your savings into gold and silver. It's God's money, and he will provide for you for having faith in his system.

It'll never pop so long as rich people view houses as a "free money" investment. We need to up taxes on multiple homeowners bigly.

>>54951651
immigrants and negroes. It used to be that you needed an expensive house only if you liked showy shit. Now, you need an expensive house if you don't want your life and children to be niggered. So it's literally a matter of survival, and people will spend 99.999% of their income just on that, because the alternative is much worse.

>>54954153
Wow. That was (and is) prophetic.

>>54953462
Savage.
Likely I'm among the uninitiated here.

>>54955118
This is one thing Texas gets right and California gets terribly wrong. Home prices are largely a function of property taxes. Government needs to raise money somehow, and they can choose from property taxes, income taxes, sales taxes, corporate taxes, etc.

Low (or none like Texas) income taxes and high property taxes are great, because it keeps property values low -- the biggest cost of living factor -- and take home pay higher. California's property tax system is inhumane to young people and rentlets, causing property values to moon to the benefit of boomers.

>>54955160
No, it's knowledge in econ.

>>54955306
There should be no property taxes at all on the land you actually live on.

>>54954641
No you can't. The chapest condo is now $900k, cheapest house anywhere is $1.1 million.

I don't even want to live in a fancy neighborhood, im ok with a Ghetto.

>>54954838
You're a troll, the unworked houses are well over $2m

>>54953958
The CIA literally had kids chained up in a barn naked and had them doing satanic sacrificial rituals as part of a top-secret program back in the 90s. Anything is possible in this mad demon world.

>>54955147
Wut? I want to live near niggers because it's cheaper, but even those houses are well over a million

>>54955410
To answer OP; we're in 2007. Question is whether or not they can kick the can long enough to avoid 2008 until the war in New Khazaria is over

>>54951651
>let everyone in
>spics rent everyone single apartment and pack them with people like sardines so everyones rent is $20 a month
>single family houses not profitable to build anymore because of X reason
>"DoOd wHy isNt thE hoUsinG marKet crAShIng lOlz?!?"
must suck to be a dumb zoomer who cant put all the pieces together, good luck waiting dudebro. where do you think all these spics are livinf you fucking retard?

>>54955582
Yeah.
The reason housing market will collapse is actually a other.
Houses are financed with loans. People take them, give house as collateral and pay for decades. Now if x% of the people loose job, banks fucked, as they default, as houses enter market for cheap and bank balance is off the charts.

>>54955582
Addendum
Banks can print money, but they can't bail themselves out

>>54951651
delinquencies and foreclosures are near all time lows, there’s a large supply shortage and a lot of people still looking to buy homes.

>>54954584
This is why the talichads won btw.

>>54955582
You're beyond stupid.

Houses are YIELDING very low in terms of cash flow to valuation. They are objectively overvalued.

>>54954178
My liberal friend sent me a fact checker article explaining that mass migration actually has no effect on housing prices.

>>54951651
Because governments are using open border immigration to keep it artificially high.
Were thar not the case it would have long collapsed.

Housing will never be affordable. Eventually there will be a 50 year mortgage

>>54955295
just claim a haircomb
then wait until your $3 is worth more than most peoples whole portfolios

>>54955832
Ah, fact checker.

>>54955877
Sounds savage

>>54955402
fr fr no cap on god they're not. Zoomers just refuse to do any work.

>>54955861
the monthly barely moves after amortizing 30 years
the market and banks have settled on that number as the sweet spot
you are not smarter than the banks
all the retards and I know jumping into ARMs got absolutely ballooned on
its a cycle the banks milk every single year to gather more foreclosures

>>54956082
Ok i think you're a troll, Zoomers work 80 hour weeks

>>54951651
Immigration and tourists post world wide lockdown from covid propping up short term rental and long term rental market. If you can still rent your house out and cover mortgage there is no mortgage stress.
Cheap immigration means cheaper houses being built. We got like 2 years until it well and truly collapses

>>54951651
It has.

>>54955877
Don't ever post a picture of my protein wife again

>>54954273
>I'm rich, come from a rich family, and banks have told me there's a 0% chance they'll ever extend me a loan to buy a house.
>
Why?

>>54951651
insider here. its not going to. supply is drying up again. rentoids priced out forever.

>>54954153
Which forum was Mike posting this on in 2006?

>>54957017
Beaucse housing has become so insanely expensive that even we can't afford it.

>>54957117
Insider here, you're a retard.

>>54956950
this could be yours if you claim haircomb

>>54954954
I haven't seen a condo complex go up in a decade. It's all townhomes or homes 5 feet from each other.

>>54954920
That looks like where I live (Vegas). My neighbors are all 50+ year olds.

>>54951651
Because you want in. It's that simple. It also doesn't help that Judaic rent seeking makes even mortgage payments look like a deal.

It's going to double every decade, just accept it. Buy now or pay more tomorrow.

>>54959187
>left out 2010

>>54957694

Its in the picture anon. lol

>>54951651

Boomers.

>>54959187
Literally same logic could be said about the SPY

>>54959187
You’re so retarded that it’s almost sad. Nobody is rushing to buy at the top of the bubble. These fucking posts trying to get people to FOMO into RE reek like a crypto scam.
>BUY NOW OR BE PRICED OUT FOREVER
>retards fomo in
>>price immediately dumps once bag holders are satisfied
I’m simply NOT buying, moshe. You can hold your bags and deal with the consequences during the crash. You’re literally just begging for exit liquidity at this point and hoping gullible fools fall for the scam.

>>54959755
>top of the bubble

The "bubble" peaked a year ago. Anything that is listed for 2021 pricing is gone in a few days. The only homes sitting are people hoping to still get peak early 2022 pricing at the increased rates.

6-7% rates barely made a dent because people with lower rates now have an incentive not to sell which is keeping supply low.

>>54952412
This
/thread
Prove post wrong if you disagree.
,ProTip: You can't.

>>54955306
> you pay rent to the state to live
>getting it right
The absolute state of US fags.

>>54960150
Property taxes go to the municipality (city/township), not the state.

The federal government just gave a discount to broke retards with shit credit subsidized by people with good credit. This shit is never crashing

The answer is that every western government floods their nations with far more brown people than both the rate that elders die off, as well as being well above the rate of new housing completions. This issue isn't demand (no one can actually afford shit without 0% rates and giga leverage). There's just too many shitskins in your country and not enough roofs for everyone. Your government is literally saying "oh, no one can afford a house? Not my problem"
*spreads their ass cheeks and sharts out 40 trillion spics*

Look at Canada. 39m people and 1m+ immigrants per year... then compare that to the 200k housing completions per year. Doesn't take a math whizz to see what the problem is. If immigration 100% halted, housing would -97% crash within 1 year. But it won't, because housing is the one thing keeping the fake economy alive.

Does the American """"border crisis"""" make more sense to you now?
>the world's superpower apparently can't control their borders
>when chinks millennia ago built a massive fuck off wall for the Mongols using bronze age tech
Lol
Lmao

>>54960121
>muh city averages
No shit metropolitan 1% earner houses took a hit with raised rates, which is what your chart is showing (oh no an LA house is only listed for $8.5m instead of $10m). Middle class homes either are sitting at ATH or have gone up even more. The bubble hasn't popped (yet). All you fags implying housing has gone down at all are either completely out of touch cityfags or overtly disingenuous
>GUYS LOOK!!!
>San Fagsissyco houses are down 20% from a chronic AIDS epidemic
>that means we had a crash!!!!! Bottom is in bullruns back bayy-bee TOO DA MOON
>please ignore that literally every suburb house is actually still inflating and never took even a tiny dent

>>54960177
>the gov is desperately feeding liquidity into housing through any means necessary including stealing money from good credit home owners and annihilating supply with mass third world migration

In other words, the hull is breached and they're sitting on the hatch lid

>>54960392
>The scary poor brown people are why I'm poor and played videogames for 15 years so can't afford a house

Okay

>>54960522
>scary
You're 5'4 Ranjesh, no one is afraid of you. I also own a condo lol cope and seethe

>>54960522
>>54953304
>2pbtid
>check to see what else you wrote
>16 hours ago
>he rejoined the thread to seethe at a comment critical of mass migration a full day later
My sides. Look at this angry street defiler

>>54960476
In other words, they have endless tricks up their sleeve to ensure we return to Feudalism: Gay Nigger Communism Edition

>>54954003
No one in the US is even white anymore. They're like 40% of the population and their average age is 63. After the boomer die-off, the US will literally be like 20% white.

>>54951651
I unironically clean mansions for a living (20,000sq ft +). Shit is pretty cash. I get to see how rich people live.
A lot of our clients recently are selling their properties. I am only into crypto. Is it a good time to sell if everyone is saying it's going to crash any minute? Is the housing market at the top right now?

>>54960592
The "good" news is that war is a constant of humanity and we're fucking mega overdo for any conflict. We'll probably turn on the news some time in late 2023/early 2024 and read that China has moved into Taiwan or some shit, which will giga dump every market. The bad news is that the housing crash will be the least of our problems

>>54960443
WFH impacted it as well. Don't have to live in the expensive metro areas anymore to earn the high income.

I'm honestly surprised SF/SJ is still as high as it is.

>>54952162
Time to move to a flyover province.

>>54951651
>housing bubble
That's the funny thing.
There isn't one.

>>54960952
Ok

>>54960522
>didn't retort any of the points made
>strawman
>emotional ad hominems
You need to go back.

>>54960986
Still has some catching up to do in comparison to money supply.

>>54960986
Don't worry, they know what they are doing.
They want the best for you.

Knowing these threads are full of children, it's almost shocking the parallels today has to 2006/2007, I'm seeing all the same ideas, the same statements on the news.
"Housing market is robust, and will never crash."
"Buy in now, or you'll be priced out forever."
"Take out a mortgage and rent the house for more than the mortgage payments, it's an infinite money cheat, the house will be worth twice, maybe three times as much in less than a decade!"
"Every single home owner in the country is going to be obscenely rich! We're all going to be millionaires!"

That familiar euphoria of reaching the top of a bubble.

>>54953471
Its because the 30 year mortgage is saturated.
All the people that can get a 30 year mortgage maxxed out based on their income has done so.
Now even though we do have bad inflation you can see from this graph that the ability to balloon a bunch of wood stick houses + labor costs into an onerous loan and still make profit has petered out.
That's not to say the inputs of lumber and labor went up but more that the ability to sell newly built houses VS 1950s houses where someone inherits it and takes profit reached an equilibrium in addition to wages not rising enough to get buyers to qualify for more expensive loans.
Just buy raw land, use a saw mill and build your own house. On the back end it'll save you paying for the house twice just in interest.

>>54952162
keep on grinding my man, sex is overrated af.
its all about dopamine in consumerism, with money comes independence

>>54953399
He’s not insanely stupid you’re just missing the point because you don’t understand how race and immigration is effecting the market.

>>54960561
>>54960588
>>54961001
>Butthurt video gamers seething
>A 5'4 Rajesh can afford housing but I can't!!! /Pol/ please save me!!!!

Lmao

>>54954920
You underestimate how many mexicans and boomers have flooded into the southwest

>>54951651
Anon, countries like Canada and Australia have had unaffordable housing for decades. Just because the price is high doesn't mean it's a bubble or that it's going to pop. Population growth has outpaced the rate at which we've built houses for generations, and the jobs are still clustered around cities and their suburbs. There's still a lot of demand for houses and there are still people able to buy them. Basically the only Achilles-heel in the housing market is that it's dependent on access to credit which could collapse if the government ever fails to prop them up enough. If we look at 2008, basically the only time housing prices fell nationwide, that wasn't due to a housing bubble popping, it was due to the lending crisis.

>>54963020

I agree. It will go parabolic up forever.

Right mike?

>>54961249

Well your wrong. housing market goes up forever parabolic.

>>54963896
>Well your wrong. housing market goes up forever parabolic.
Until Biden builds social housing in your area, or a more Ukrainian scenario erupts, or sudden new "green regulations" means you need to sped a million in the next four months to make your house "up to date" or have it torn down.

>>54961249
This

>>54951651
Got my first house with no kike loans at 25 years old. 130m2 house on 1 acre in the woods of finland. Comfy af working from home here. Excellent quality 1930s log house.

>>54960175
To the county and or city/town you absolute fuckwit

>>54952162
>busted my balls
>saved up to 85k saving over years
>inflation has outpaced me
>income isn't very high so i cant get a mortgage bigger than $120k
I'm 30 and living with my mom. I might actually kill myself.

>>54953708
only if you're purchasing 2mil+ property moron. Usually you'd have around 8-14% in down payment holy fucking shit you absolute animal

>>54964886
Do you commute for 2 hours to get to Helsinki

>>54951710
>Boomers
Ok kid

>>54952381
One of my professors knew a couple on an HGTV show like that. It was actually his boomers friends buying the house, but the show producers had their son and daughter in law pretend to be the ones buying it instead. A lot of that shit is probably fake in some wayna

Did they poison all my water while I was out?

>>54964993
Literally what I said.

>>54963968
>>54963896
>>54964774

It's honestly just astonishing, I feel like a lot of the things I'm seeing stated along these lines are because so much of 4chans population now is <30 years old, and weren't adults in 2006.
It's a groundhog day style repetition, right down to seemingly every single person in the country universally deciding to all take out mortgages and rent for more than the mortgage, and banks offering 0% down payment mortgages on homes (Skipton Building Society just began doing this in the U.K last week.)

This bubble has happened before, and seems to be absolutely identical at its pinnacle.

>>54954153
This post summarizes this surreal mirror of 2006-2008 succinctly.

Don't expect an apocalyptic crash. This isn't 2006. Majority of outstanding loans are fixed rate in at sub 3% rates.

And weren't handed out to dumb nigs/spics with no checks.

At best we're looking at a slight correction or prices stabilizing instead of going up.

Other countries where fixed 30 year mortgages aren't a thing might see more dramatic swings.

All in, real estate is extremely local.

>>54953413
>Invasion of mexicans and jeets
>Brownsville

Really makes you think.

>>54953958
I wouldn't think so. It's literally a game of okay well we don't want house prices to fall because that hurts our profits type deal.

>>54965723
Unironically move to Japan. 1.5% interest rate.

>>54953958
I'm not saying that jews kidnap children and make matzos out of their blood, but I am saying that it's awfully strange that every culture that has ever encountered jews tells stories about them kidnapping children and making matzos out of their blood. Truly an incredible coincidence that two people who lived a thousand years apart in different countries that spoke different languages would just happen to invent the exact same story out of thin air with no basis in reality.

>>54951651
Jews will not allow you to own a home at a fair price goy.

I'm convinced that western countries keep housing prices high thru zoning on purpose to keep people economically active.
>zone for more houses
>houses get built
>supply increases
>price drops
>people no longer have to work as much to make ends meet
>increase in time sacrifice, part time workers relative to full time
>increase in NEETs
>drop in overall gdp

Meanwhile, in reality:
>houses stay high, just on the brink of unaffordability
>individuals work like slaves to save up, stake their housing claim, and sustain their insanely priced mortgage for 40 years
>rent also high as it's derivative of house prices / mortgage costs
>gdp goes up because everyone is working like mad trying to pay for housing

It's like indentured servitude. Fuck.

>>54969876

Well said anon. Based. This isn't 2007. This is the new paradigm.

>>54969835

See this. ->>>54969876

>>54973324
Case in point: people who have 0 housing cost (boomers) can live like Kings on an average part-time salary.

Everyone else lives in relative poverty - fucking absurd.

>>54952162
Give up bro. I have.

>>54973324
parkinson's law applies at the micro scale (wagie jobs giving you a full 40 hours a week even with the advent of automation) as well as macro scale (central banking, efficient markets, etc. colluding to force you into wageslavery until the end of time.)

>>54969835
Time is a flat circle, everything we have ever done or will do were gonna do it again and again and again ...forever

>>54973439

Homebuilding declined severely these past 2 decades. Regulations grow by the year.

>>54951651
Because the political system will do anything it can to keep the boomers happy and boomers take extreme pride in the value of their property. Any party that allows a housing bubble crash will be wiped out forever.

At most we may see a small dip and stagnation.

>>54973706
Boomers are not emortal

>>54973800
Immortal*

>>54973800
With birth rates declining the boomers (and early GenX) will hold sway over later generations for the next few decades still.

>>54973800
>Boomers are not moral
ftfy

>>54973646

Time is a cube, retard

>>54961249
It is incredible really. I no longer feel sorry for people who lose their ass in crahes like I used to. You can literally look up a citydata thread leading up the gfc and at the same time find a currently active thread about this bubble and the parallels are truly clown shit. On the same fucking website. Being able to look back on decades of online discussion is surreal.

>>54954026
lurk more

>>54952413
>That's like saying being blonde is being a minority.
Natural blonds are a global minority.

>>54953413
>Boomers would rather reverse mortgage their house than give it to their children.
Yeah, and that's the real problem it would seem. At least those fucks could go out with some dignity and not choking out younger generations even more.

>>54955832
And what was the argument?