/REG/- Real Estate General

[Anonymous No.29097917]

Welcome to the very first Real Estate General! This is a place to discuss all thing real estate, such as houses, land, apartments, vacant lots etc.

[Anonymous No.29097997]

Fuck your boomer boxes. I fuck your wife while you work.

[Anonymous No.29098012]

It's all overpriced.

[Anonymous No.29098047]

how do i buy farm land? i live in ca.

[Anonymous No.29098056]

>>29097917
another tangible assets general? fucking based

[Anonymous No.29098062]

>>29097917
Crypto kiddies think they can live in their bitcorn lmao

[Anonymous No.29098088]

good or bad market for first time buyers? timing? Any US states on the landlord shitlist? Good SFR REITS other than STOR?

[Anonymous No.29098093]

>>29097917
Fuck your real estate boomer faggot, BUY SILVER

[Anonymous No.29098116]

nope, not until the piper gets paid and we finally see the result of making everything illegal for a year

[Anonymous No.29098123]

>>29097917
buy silver boomer faggots

[Anonymous No.29098204]

>>29097917
t. too poor

[Anonymous No.29098221]

Buy a duplex

[Anonymous No.29098231]

>>29097917
>real estate
demoralized millennial here

[Anonymous No.29098238]

>>29098093
>>29098123
buying real estate almost definitely means leveraging huge amounts of debt which plays well in the environment silver would perform well in.

>>29098204
how much do you need to save?

[Anonymous No.29098260]

>>29097917
Any other anons plan on taking the landlord pill? Am planning to leverage crypto to get many down payments on houses, then retire after 10-15 houses on passive income

[Anonymous No.29098262]

>>29097917
Real estate is based because it allows you to generate a reliable stream of passive income. If you can cover your Bills through monthly influx of cash from rental,storage income of your properties you are much more financially independent.

[Anonymous No.29098292]

>>29097917
Resources to find a decent place to live:
Based neighbors: https://www.nytimes.com/interactive/2018/upshot/election-2016-voting-precinct-maps.html
Nignog popualtion: http://www.justicemap.org/index.php
Internet access: https://broadbandnow.com/national-broadband-map
Real estate sites:
Zillow
Redfin

[Anonymous No.29098298]

Is there any one here who can tell me how i would go about buying farmland. i want to start a small cattle ranch.

[Anonymous No.29098316]

>>29097997
>>29098012
>>29098093
>>29098123

[Anonymous No.29098349]

>>29098238
>how much do you need to save?

Do you not get it you stupid boomer faggot? A huge chunk of the populace is locked out of RE FOREVER.

All they can do is pray this kike system collapses, so they can have something resembling a natural and normal life.

[Anonymous No.29098384]

>>29098012
It will continue to be overpriced. You think they’re going to be handing out less paper? Our govt overlords just printed trillions of it...

[Anonymous No.29098399]

>>29098292
Thanks anon, I’ll add this to the next OP

[Anonymous No.29098446]

>>29097917
Is buying a townhouse and then renting out a room to 18-20 year old females worth it land chads of biz?

[Anonymous No.29098464]

>>29098260
don't rent to niggers. Goes without saying but just saying.

[Anonymous No.29098511]

>>29098446
Sure if your a cuck and look forward to tyrone's breaking her back every weekend

[Anonymous No.29098528]

>>29097917
I'm 22, should I buy a house?
I live in Brooklyn.

[Anonymous No.29098533]

I know houses were only 20,000 when I bought and now 600,000 now. Why don't you guys get another job?

[Anonymous No.29098553]

>>29098221
Seriously—- buy a multi unit property, or buy a single family property and split it, legally or otherwise. Y’all need to stop being slaves paying someone else’s mortgage.

[Anonymous No.29098574]

>>29098088
>good or bad market for first time buyers?
Checked, landlording is bad to get into right now because the communist president effectively gives poor liberal faggots free housing at our expense. Land is the best buy right now

[Anonymous No.29098635]

>>29097997
gross, why?

[Anonymous No.29098689]

>>29098553
I want to get farm land. it would be nice owning 2 or 3 duplexes and living off of a cattle ranch.

[Anonymous No.29098704]

>>29098399
Thank you baker anon. What I'd like to do would be to have a geospatial app that would allow anons to find decent places (city/county/state) to live. That's the way things are trending and the more of /ourguys/ that live near one another the better it will be for all of us.

>>29098528
In New York Shitty? Anon, there's a reason that all the rats are fleeing that place.

[Anonymous No.29098865]

>>29098464
Agreed. What do you think about single mothers ?

[Anonymous No.29098878]

>>29098689
Do it; sounds heavenly. If you plan it out right, that’s totally feasible.

Would be a great spot to get married and raise a family. I’m getting a little wet just thinking about it.

[Anonymous No.29098893]

Foreclosures/evictions are still postponed indefinitely, but you should still look up your county's "Treasurer tax sale". it's the sale they announce when they auction off delinquent properties. the neat thing nowadays is all auctions are online, whereas previously you had to show up in person to the auction site and bring a briefcase of money orders to pay since payment was due immediately after auction. you can just wire the money within a few days now.

i bought one parcel last year for ~20% of its former sales price, and i think something like 30-40% of the sale price prior to that one. i felt like a god once the online auction timer hit zero.

[Anonymous No.29099021]

I am a registered architect who would accept my service fee in crypto. Hand to god.

[Anonymous No.29099057]

>>29098047
You can start by doing your own research and not asking stupid fucking questions, otherwise you're NGMI.

[Anonymous No.29099067]

>>29098088
Smallish RE investor here, started with 110k and turned it into about 1M over 10 years flipping foreclosures. Not an expert, but been around the block.

Great time to get a loan to buy a first home. Terrible time to find a house you want to buy anywhere that's not in a shithole ghetto where you'll get your steelies stolen overnight, and that extends to most urban markets in the US right now.

Things I typically look for in a home:
1) How are the schools? If it's not in a college town and a 1 or 2 bedroom house/apartment, people always look for good schools to send their kids to. Shitty school grades typically reflect shitty areas, so you need to find a balance.

2) Fuck HOAs.

3) Is it undervalued or overvalued in its neighborhood? Compare it to all other homes that have sold recently. This gets iffy when shopping for foreclosures because they're not really the norm.

Personally I would save every penny right now and wait until the bubble pops, because it has to pop at some point. The moratorium on evictions means people who took out mortgages to have rental incomes can't pay their mortgages and the dominoes will start falling soon. One of my tenants hasn't paid me a dime since July.
Foreclosures are a fantastic way to get a place on the cheap and if you're handy and don't mind making some repairs you can scoop up a bargain.

The interest rates have to stay low no matter what, even if the bubble pops. So the best time to buy is shortly after.

[Anonymous No.29099105]

>live in Phoenix metro
>houses are sold within a day after being listed
>faggots are having bidding wars and offering tens of thousands of dollars above listing price

when will this end

[Anonymous No.29099160]

>>29098574
This. Buy land. They ain’t making more.

[Anonymous No.29099352]

>>29098865
>single mothers
imo just for fucks sure why not. a meaningful relationship absolutely not. but that's just because I don't have kids if I had a kid and she had a kid then were even.

[Anonymous No.29099362]

>>29099105
when the dollar crashes

[Anonymous No.29099379]

>>29098298
>cattle ranch
no you don’t

[Anonymous No.29099396]

>>29099067
Solid post, thanks for the info.

[Anonymous No.29099419]

>>29099067
Seconding the Fuck HOAs remark... unless you’re a dumb cunt or a boomer who can’t do shit anymore, avoid the HOA. They’re always a bitch.

[Anonymous No.29099431]

>>29097917
Patron Saint of /reg/

[Anonymous No.29099526]

Looking at RE just makes me depressed. It is absolutely mind-boggling how many shitty homes there are, and not just in my city. I've looked at homes in just about every major city in the US through Zillow and not even 10% are even attractive. That's not even looking at the price, but just whether or not the house is presentable. And people willingly buy these homes because they've been resigned to a life of mediocre middle class existence and will never have a lot of money for a decent house.

[Anonymous No.29099537]

>>29099431
And not paying your subcontractors

[Anonymous No.29099584]

>>29099362
which won't ever happen

[Anonymous No.29099600]

>>29099379
yes i do

[Anonymous No.29099613]

>>29099526
Wtf kind of excuse is this? All homes are eventually dated. Buy something cheap and spend the difference fixing it up and making it yours.

[Anonymous No.29099651]

>>29097917
>live in warm, sunny state with lax COVID restrictions
>100s of yankees moving in by the day
>they buy up anything and everything at any price
>even condos now over 200k (don't forget the 300 per month regime fee)

People are rushing to buy absolute crap at sky-high prices. Will the top ever blow-off or will people who don't FOMO be locked into renter servitude for perpetuity?

[Anonymous No.29099687]

>>29098349
I'm a millennial and also without the needed savings. RE is my next stop after some funz. My target is about 2-3 years.
>All they can do is pray this kike system collapses
haha, they will probably keep adding homes to the fed balance sheet. it's not going to stop. get the best deal you can and enjoy the land. Even if things go back to normal, the construction/labor costs for homes is not going to stop. It will continue getting infinitely worse.

>>29098574
Just plots of land? There's a few around me that I've been looking at, but I have not the first clue as to what to do with a suburban plot. They also seem rather expensive, even with residential zoning.

>>29099067
thanks anon, I'll get my money counted and see if there's anything i can plan for. I'll be taking a dive into those tax sales

[Anonymous No.29099722]

>>29099160
I wonder if PAN MAN would drop in and provide expertise on buying land exclusively for mineral resources

[Anonymous No.29099776]

>>29099105
take a look at any numbers you can find regarding number of realtors actively working. that's your answer. as a vegasfag, realtors in our area are still scarce. there's simply less homes being sold than previously, for obvious reasons. it's a seller's market because normal commerce is illegal

[Anonymous No.29099815]

>>29099722
i would appretiate his take on this topic too.

[Anonymous No.29099851]

>>29099613
> Buy something cheap
If it's built with cheap materials, then it's a shitbox. Short of rebuilding the house from the ground up with old wood from 100 years ago, it will always remain a shitbox.

[Anonymous No.29099892]

>>29099687
There’s obviously different types of land, you have urban lots, grazing land, timber land, etc., I’m gonna work with some other anons on creating a full OP with all the resources you need for real estate

[Anonymous No.29100158]

>>29098464
Hey, funny story about this.

First property I bought was a piece of shit 1920s wood frame mobile home sitting on cinderblocks. Took a bit to refurbish the place but it turned out nice for what it was. My uncle fell on hard times so we let him live there for free for a couple years. After he left, one of the neighbors came by asking if he could rent the place. Black haitian guy, passed all the background & renter's checks no problem, clean references etc. Still green to renting out so I was like, why not give the guy a chance.

Big fucking mistake.

Within 18 months he had:

>Covered the entire yard in carpet. Yes, all 10000sq feet of if was all carpet.
>Built a chicken coop, also on top of said carpet
>Put up multiple illegal awnings, which the city cried to us about
>Rented part of said carpeted lot to various manners of car thieves and dealers for $300/mo (his rent was $1200 mo) so they could break down stolen cars in my fucking property
>Turned the place into an underground casino. I found about 3 bullet holes in various walls/ceiling panels
>Subleased the place to some other bloke without our consent
>Pic related. Yes, that's a fucking incubator. I don't know where they stole it from, and the cops didn't care.

All in all it cost more to evict and refurbish the property from all the damage he did than what he paid in rent over 2 years. So yes, heed this warning: never rent to a nigger.

[Anonymous No.29100185]

>>29097917
Anyone doing flips or buying rentals? Market for value add housing pretty much dried up due to non forclosures.

That being said my current rentals appraised values have all gone up 20-35% due to covid and the flip I did sold for 40K more than I thought it would. Can't find any new deals though.

[Anonymous No.29100241]

>live in toronto
>each house worth at least a million dollars
>wagie salary and income. permanent student life as try to become law student
>will never make it in real estate in canada the boat has left
>chink investors bought everything

[Anonymous No.29100254]

>>29098088
>US states on the landlord shitlist?
Blue states. I would never buy a house (to rent out) in any blue state, and I live in one!

[Anonymous No.29100289]

>>29097917
>post real estate thread
>trigger maximum anti-real estate cope
>lul

real estate is a better asset class then crypto. crypto is only valuable because you can trade it for things like real estate anyway

[Anonymous No.29100293]

>>29097997
>fucking 60 year old boomer wifes
Eww dude. Gross.

[Anonymous No.29100351]

>>29099892
>you have urban lots, grazing land, timber land
ah, that'd be something i'd really like to learn more about. the father of a girl i used to date had a plot of land that the family had leased for farming for generations. I never got to learn about the guts of the arrangement.

[Anonymous No.29100365]

>>29100293
GILFs are the thinking man's fetish.

[Anonymous No.29100392]

>>29100241
so run for office and implement taxes that punish non-residential real estate owners. like the recent vacant homes tax.

the game is only over when you stop playing.

[Anonymous No.29100459]

>>29100158
Hey that reminds me of a story my old gook boss told me. He wrote a clause in his rental agreement that the rental payment was to be picked up in person inside the property. That way, he could drop by every month to check on the place and look around inside.

[Anonymous No.29100558]

>>29100241
just closed a real estate deal on the outskirts of toronto.
Sold a literal shitshack for half a million. We bought it for 120k 5 years ago.
Don't buy in the market right now - Toronto is going to CRASH in the summer when all the zoomies and fags retreat to the country to "work from home". Tdot prices will fucking eat it by 20% or more.
Then in the winter they'll realize they fucking HATE it and flee back to toronto, when prices will skyrocket and they'll get anally raped trying to sell their shit shacks they paid 750k for and dont get 500k from buyers out in Pboro or Cobourg.

[Anonymous No.29100753]

>>29100289
I own real estate, it's great for those steady cash income streams and if you have backup for maintance expenses. Asset appreciation is questionable and you're not going to get any if you buy a house that would rent a ta profit.

[Anonymous No.29100836]

>>29098231

Born in 88 here. I own 6 properties that I bought in 2019. It's easy if your credit is decent. Mortgages are one of the easiest things to get in America because it's subsideized by the government.

[Anonymous No.29100921]

>>29100558
noted. i'd probably move away too desu. my parents own a house though so i'm kind of okay ... but still. When do you think I should get my own? I can do renovations and like that pretty easily. I think I'd probably need like 20% down right? What would that look like in the toronto area.. what could I get away with as a student with some savings/20-40k?

[Anonymous No.29100942]

dose anyone here have any charts or videos explaining the economics of farm land?

[Anonymous No.29100947]

>>29098221
The problem with this is that unless you're living in it you have to shell out 25% of the value of the house. For a SFH you only have to pay 15%.

Prior to covid I could easily find 15% SFH deal that had a better COC % than a 25% duplex.

[Anonymous No.29100963]

I just want an affordable house bros. This eviction moratorium needs to end already so deadbeats get kicked to the curb and prices crash.

[Anonymous No.29101016]

>>29100963
Move to the midwest and the south if you're american. Decent neighborhoods houses ranges from 200K to 450K there.

[Anonymous No.29101148]

>>29100942
My family has farmland in a trust fund. It's definitely not the highest and best use of land. Cap rates are dog shit.

[Anonymous No.29101252]

>>29100836
Now that’s a hopeful post. I’m gonna save as much as I can here but honestly I’m really considering that. I want to find a place to rent out to have other people pay the mortgage. I’ll live next to the boiler if I have to.

[Anonymous No.29101300]

>>29100921
honestly, if i was just starting out in the market, i dont know what the FUCK i would do.
If you can live with your parents while you fix up a place, thats a big bonus. If you're a min wagie and you don't care where you work, you can take your business anywhere. i would buy WAY away from the city, some good deals under 350k where you can get em with a 25-50k down payment. Your best bet is anywhere you see a house labelled a "contractors dream" or shit where they wont even show you inside.
Buy a steaming shit shack with mold and mildew and dilapidation and rip that shit down while you live with your parents, and put up new drywall and some hardwood floors and clean the ventilation and try and flip it within a couple years.
If you can get a great price on the sell because the house is just fuckin' raped, you can resell for enough money to leverage another purchase with a much less painful mortgage. Thats the key - you may have shitty mortgage payments the first couple years, but if you play the game, you can leverage one purchase into another and cut your costs WAY down. Repeat that a couple times and in 10 years you may consider holding onto a shit property and renting it out.
But fuck, don't look for the next 3 months until real estate supply starts outweighing demand in the area, because right now a 400k shitshack in cobourg is selling for 750 in bids. Its a nightmare out there until the lockdowns disappear.

[Anonymous No.29101326]

>>29101252
Where do you live? Where do you want to live? You only need a 3.5% downpayment if your'e going to live in it.

[Anonymous No.29101448]

>>29101252
And if you buy a property for an investment, the mortgage company/bank also uses the estimated rental amount into consideration as well.

>>29101148
What type of farmland?

[Anonymous No.29101576]

>>29099067
why can't you evict the deadbeat tenant?

[Anonymous No.29101610]

>>29101448
Corn. It's in the middle of nowhere or else I was suggesting developing it and building storage units and apartments.

[Anonymous No.29101663]

>>29098260

did you take a picture of a screen you idiot

[Anonymous No.29101677]

>>29101610
how close to a major city are they?

[Anonymous No.29101765]

>>29098349
You're only locked out of you want to live in NYC, LA, Chicago and any city where a lot of TV shows are set.

[Anonymous No.29101773]

>>29101677
It's like 20 miles away from a college town. Major city probably 1.5 hours.

[Anonymous No.29101797]

>>29097917
buy a shack in the exurbs in a decent area as soon as you can with as little down and as much land as possible. worst case you own something. best case you own several somethings.
there is no financial reason to not buy a house for less than rent.
>inb4 i live at home and my favowit house costs a lot
then keep living at home faggot
/thread

[Anonymous No.29101850]

>New listing on Zillow or Trulia
>Immediately put in a bid over asking price
>Listing turns into “Pending”
>Never hear back
>RE agent says better luck next time
>Rinse & repeat until you die

This ponzi market is fucking stupid and will never crash again like in 2008. Might as well live in a car at this point.

[Anonymous No.29101860]

>>29101300
>Buy a steaming shit shack with mold and mildew and dilapidation and rip that shit down while you live with your parents, and put up new drywall and some hardwood floors and clean the ventilation and try and flip it within a couple years.

I second this but also add some caution to this statement because unless you have some heavy DYI experience, this will cost you way more than you'd like to pay for a professional to do. It's not necessarily hard, but it takes some practice.

On the opposite end of the coin sometimes it's BETTER to demo everything and just install all new drywall than try to save a shitheap that's been neglected for 40 years - I learned this the hard way in my current flip, where the more holes in the drywall I patched the more holes I found to patch.

Also remember that a roof is expensive as fuck to replace. Try to find a place that's undervalued but with a roof that's still within its life expectancy. The permits will tell you when it was last replaced, so even if it has leaks, fix those and the inspector can't bitch at you and lowball you on the price.

>>29101576
Eviction moratorium in Florida was in effect until September, I believe. My mom passed away in August of lung cancer, so getting them out of there wasn't really my priority. I tried to negotiate with them but they eventually decided to move out of their own volition. Just had a kid and both lost their jobs because they worked in the service industry so they were pretty fucked, so I cut them some slack.

[Anonymous No.29101955]

>>29101326
88 here too. Jewyork but I’m an architect and my background is in general construction. I can draw it up, stamp it, and figure out how much it’ll cost and how long to put together. I look the part even.

>>29101448
Handy to know. I’m behind on financial knowledge on this I’ll admit. Been a construction details kinda guy. If it works on a spread sheet and in the details then I’ll make it happen.

Feels like things are going to move around soon. Will look into it. Saving up my pennies for now.

[Anonymous No.29102173]

[spoiler]>>29101300
>>29101860
Thanks for the tips guys. I actually have a bit of DIY experience. I can do anything, basically.. A house sounds like a behemoth of a task though. I guess you guys think the best place to start would be around 35-40K saved? It'll take awhile any way and maybe this market will fuck off by then. Otherwise, I'm not sure how far outside Toronto I'm willing to go. I like the general GTA area and even Brampton, Vaughn etc.

So basically the plan is, find a bad house somewhere far and fix it up and rent it out? Then sell it and buy a bigger/close house and rinse and repeat?

[Anonymous No.29102221]

>>29098012
>>29098384
Would the price go down if we had a major war or disease that wiped out a sizable amount of the younger/older generation?

[Anonymous No.29102274]

>>29101677
When Elon Musk's StarLink comes online, all you'll need is electricity and a clear southern exposure to have 150MB service. This combined with the work from home phenomenon will mean that rural nowhere land will skyrocket in value.

[Anonymous No.29102291]

>>29101955
I live in Jew york too. I still live with my parents, even though I have a wife and kid. They lucked out and bought a house in the 90's. The houses here are all worth 1.5 Mil+. Nothing I can afford.

Well nothing I want to pay off. I prefer having houses in the midwest and south that pays for itself and has currently paying me a 25% return on rents alone.

>I’m an architect and my background is in general construction

Holy shit. You've ever been to a REIA? Or thought about it? Probably would kill it doing value added projects in other parts of the country. That's what me and a business partner has been doing. He's been finding the deals and hiring the crew and I'm the money and finance guy.

[Anonymous No.29102322]

>>29098349
plenty of cheap land available all across the US within an hour or 2 of major cities. now if you want to buy re in place like nyc or la like faggot, then keep whining

[Anonymous No.29102355]

>>29102221
No. They'd just allow for more immigration which would eat up supply. And most properties are owned by boomers anyway

>t. 1st gen 90's Chinese immigrant

[Anonymous No.29102372]

Is throwing more towards my mortgage principal worthwhile?

[Anonymous No.29102441]

>>29098893
dont you want/need to look at the house in person to see how bad it is or is the savings you're getting worth whatever? What are your average repair costs for foreclosed homes?

[Anonymous No.29102600]

>>29102274

Good for rural areas but dogshit for most urban/suburban areas. Good pressure on mid-level ISP prices tho.

[Anonymous No.29102604]

>>29099352
I mean as far as renting to go you coom brain

[Anonymous No.29102682]

Just bought new construction in Phoenix for 310k. 3B/2BA/2car garage with 1350 sqft.

Looking forward to my 100k in equity in 3 years.

[Anonymous No.29102687]

>>29099851
>>29099526
NGMI

[Anonymous No.29102747]

>>29102682
Just be careful. Phoenix was one of the hardest hit area's back in 2008 due to massive influx of New construction at the time. I think prices cam back by 2017 but it's one of those areas where it can easily happen again.

[Anonymous No.29102758]

This is probably a dumb question, but how much would it cost to just buy half an acre of land and pay a couple guys to build a prefab house kit instead of buying a house in this clown market? Would it be cheaper, cost the same, or be more expensive?

[Anonymous No.29102847]

>>29102274
i should look at my local ghost towns then...

[Anonymous No.29102851]

>>29097917
>300K cash (stock gains/gifts), absolutely zero income (neet)

How the hell do i get a loan to buy a property? Is seller financing my only rational option until I have a proven track record?

Im targeting 5-16 unit buildings in Jacksonville, so there's a lot of badly managed buildings.

[Anonymous No.29102898]

>>29102600
>dogshit for most urban/suburban areas.
With middle class office workers 100% work from home, urban and suburban areas don't matter. What matters is good schools and good neighborhoods and that means white schools and white neighborhoods, and 2K population town in the middle of Kansas is a fuck lot whiter than any metro area will be.

>>29102758
Look into the (((permit))) process very very carefully before doing this.

[Anonymous No.29102900]

>>29102173
>So basically the plan is, find a bad house somewhere far and fix it up and rent it out? Then sell it and buy a bigger/close house and rinse and repeat?

That depends on your endgoal - do you want to find a comfy place to live or flip a few houses to build some cash and eventually build wealth? If it's the latter, then finding a place in a modest income area (not a shithole), fixing it up and rotating the profits into another project until you build more equity is what I'd recommend. Honestly in a lot of cases you can flip houses for 15-20% what you paid for them just by using some elbow grease, some paint and a decent sense of what's trendy in house decor.

Thing is, this only works if the market is stable, which it is not right now. You could buy a property today that could be worth 50% before the project is done, with all that's happening in the world. Right now I'm sitting on cash and precious metals, while waiting to sell my latest flip. Once prices come down, I'll find more projects.

>>29102372
2 years ago I would have said yes, now not so much. I would unironically stack anything other than dollars. If inflation gets out of control, your mortgage will become quite easy to pay off if you invested that money into something that holds value in inflationary times.

>>29102441
I haven't bought a home at online auction sight-unseen before, but tried to one time. I would have had to put down a retainer payment, and had 10 days or so to send an inspector to give me a report.

Repair costs vary wildly based on how bad the place is. I've bought foreclosures that were in move-in condition, and bought foreclosures where the previous occupants routed the bathtub out into the backyard because they were too lazy to fix the plumbing, so it's a heavily YMMV business.

[Anonymous No.29103031]

>>29102758
Do you want to live in a box without electricity, water or gas?????

[Anonymous No.29103058]

>>29102851
If you don't have credit you could convert your 300k to cash, and loan against it, you'd get an extremely good interest rate from a credit union, and can usually set it up where most of the interest goes to yourself.

[Anonymous No.29103089]

>>29102851
Hard Money Lenders. They ONLY look at the asset and whether you have any skin in the game

[Anonymous No.29103092]

>>29103031
Wait, you're telling me those 60k+ prefab house kits don't even come with 19th century plumbing?

[Anonymous No.29103279]

>>29103092
>prefab house kit
Of course not. Those are tie in to the local communities.

[Anonymous No.29103301]

>>29103092
They probably do. But if you just build it out in the middle of nowhere, utilities will be a problem for you. Your options are:

1) Go full solar. Expensive.
2) Septic tank. Actually quite common, expensive and need to be drained once a year or so.
3) Well water. Hopefully sourced far away from your septic tank. Requires electricity.

Other options are obviously to pay to have utilities brought to you, and that's exponentially more expensive. So you have to factor in other costs other than just the land + prefab + labor.

[Anonymous No.29103424]

>>29102898
>>29103301
>permit process
Fuck, I forgot those were a thing. Ok, new plan. What if I just build a bunch of 12x12 boxes that are within 4 feet of one another and basically connect them with 24" overhangs that are just barely not touching so they aren't violating any building permit laws? I'd also build a giant fence around all the walkways between the cubes to break the wind. Would that work?

[Anonymous No.29103430]

>>29103301

Under the radar option: Buy a place with a fast-running stream. Filter water, and get electricity from micro hydro power.

[Anonymous No.29103524]

>>29103301
You're talking about undeveloped land.

But you're kind of overreacting, there's plenty of developed land that hasn't had houses built on it. Chill.

But make sure you know the different prefab anon.

[Anonymous No.29103549]

>>29103424
Permit process varies heavily by state, and if you get out of city corporate limits is often not so bad. It's not necessarily a deal breaker, but you must do your research.

Only a madman would try to build in Cali, for example. But in Texas outside of big cities, no problem.

[Anonymous No.29103643]

>>29103524
>>29103549
I live in Maine which means there's fuckloads of unused land with power lines running between everything and septic tanks and wells are already borderline mandatory, and I know the permit laws here because I used to do woodworking. I was fucking terrible at it though. I just built coffins.

[Anonymous No.29103649]

>>29103549
if you're building a house as a primary residence you can almost always avoid a lot of fees and get your taxes cut in expensive type areas.

[Anonymous No.29103784]

>>29101797
Rare id

[Anonymous No.29103813]

>>29103643
I'm a woodworking hobbyist myself and unironically have considered getting into making coffins. Was it profitable? Did you enjoy it?

[Anonymous No.29103833]

>>29102441
i bought an undeveloped parcel at auction. plus, i was familiar with the area. i never visited it prior to buying it, but that's not really an issue for what i was bidding on. im pretty familiar with looking up properties on county assessors/recorders and the whole basic due diligence.

[Anonymous No.29103893]

>>29103524
True, I went in under the assumption that anon wanted to move out to bumfuck nowhere.

Still lots of land for cheap that has easy access to at least electricity and hopefully cable internet. Plenty of that here in Florida.

[Anonymous No.29103926]

>>29103424
>Would that work?
Any place where it would work, the permit Jews probably aren't that bad. DYOR on the area that you want to live in. Remember that laws vary by state and county and municipality.

[Anonymous No.29104067]

>>29098893
Realize this was pretty far ago in the thread, but do you need to pay in cash for options like this, or does financing still work?

[Anonymous No.29104159]

>>29103813
Not sure if it'd be different in other places, but here the coffin business is under lock and key by the funeral homes. They're masters of fearmongering and jewish tricks. You'll need to buy a per-approved coffin from them if you want them to bury you, and if the people want to do a home burial by themselves they'll try scaring them into buying their "safe, certified coffins" by telling them about shoddy coffins collapsing during funeral service or being crushed under the weight of all that dirt. Which is a problem if you're paying a box out of plywood and glue and not high quality wood, but whatever. Long story short, don't count on being able to slide into one of the most predatory and mandatory services that have been around since the dawn of time without getting the rug pulled out from underneath you. Was it fun? Yeah, overall I'd say building the coffins was fun. It's way too fucking tedious at certain points for me to ever recommend doing regularly though.

[Anonymous No.29104266]

>>29104067
i actually just got done watching an episode of burn notice while downloading some work files. yes, it needs to be in cash. i paid several thousand for my parcel, so i had the cash available, but you can work with your bank. just ask about a loan or mortgage AHEAD OF THE AUCTION and show them the parcel you're interested in. assuming you get approved with the financing and they dont think youre throwing money away, all you do is bring the wire transfer info to them (assuming you win) and they initiate the mortgage as normal. You just have to coordinate with them first, and obviously you'll have a limit you'll be able to bid up to, since they won't give you unlimited mortgage money.

dont be late

[Anonymous No.29104396]

>>29100241
Move to Nova Scotia.

[Anonymous No.29104422]

>>29102747

Nah. There's no more NINJA (No Income No Job Application) loans but should be interesting what happens when moratoriums give up. The important thing to remember is that there's all this buying pressure from California. There are literally offers of 50k+ on houses. One house had a 40 person line at the open house. COVID is really slowing down supply.

[Anonymous No.29104432]

>>29103643
>>29104159
Get three coffins ready

[Anonymous No.29104538]

>>29104422
I hope this plays out at the house I'm trying to offload soon, because I'm already underwater massively on that piece of shit.

[Anonymous No.29104702]

>>29104538

All these remote workers have driven up prices in Estrella (202/Broadway) by 5k every two weeks like clockwork. 300-600k is basically a shack in Commiefornia so they're snatching up everything by droves. Just look at the Phoenix Plebbit to see those tards lament about being priced out of their hometown.

[Anonymous No.29104784]

>>29104702
>300-600k is basically a shack in Commiefornia
Meanwhile in real America....

[Anonymous No.29104924]

>>29104784

>Queen City
Lol that's the middle of fucking nowhere. Most normies like the suburbs. Rural life is for the rich and the destitute.

[Anonymous No.29104995]

>>29104784
>House is right next to the fucking pond
What sort of retard built that?

[Anonymous No.29105373]

>>29097917
If thread hits bump limit when I’m not around it would be appreciated if someone would do the needful and bake a new one using >>29098292 as the OP information. Goodnight /reg/ chads

[Anonymous No.29105757]

>>29101850
This, everyone, I mean EVERYONE thinks there is going to be another real-estate crash and are waiting with cash to jump in. None of these people thought there would be a crash in 08 yet now they think they are experts in timing the housing market. Honestly it will prob just be an invisible crash up at this point.

[Anonymous No.29105824]

>>29102291
Yeah I absolutely want to get into real estate business I’ve seen teams of guys then go hire an architect and I’m the retard thinking “oh I can do all that” well I’ve got my stamp I can do my drawings and estimate it out level the bids build a schedule order the right hardware let’s go. I know how a site works.

>wife and kid living with your parents

Yeah man I’m not kidding with the boiler comment I feel you houses here go for millions now. One of my old bosses said he and his wife were looking at apartments overlooking Madison square park a whiiiiile back, 645k for a three bedroom he was looking at and decided against got “snapped up” a few years later for a cheap 6.2M

Fuck that and fuck off. I’m moving west. REIA and hell yes I know exactly what to add or change to a house to make it better. Fuckers can claim that I can actually put it on a spreadsheet and it’s sound.

Whatever.

Unemployment money is buying Bitcoin anyway this is what we do these days apparently

[Anonymous No.29105903]

The fact that everyone is waiting for a crash and tons of millennials are sitting around begging for prices to come down a little so they can afford a house should tell you there will NOT be a crash.

Home ownership will now be permanently reserved for rich people.

[Anonymous No.29106055]

>>29104784
lmfao it's all about location

I would rather live in a shack in the coastal paradise of Southern California than an acre of nasty swamp in the middle of buttfuck nowhere Texas, and most people would agree with me.

Just look at prices. High cost real estate means there is a high demand to live somewhere.

[Anonymous No.29106127]

>>29106055
This is bait

[Anonymous No.29106199]

Why do I feel so salty knowing that boomers were able to buy property in coastal Southern California for dirt cheap?

My whole life I've only known million dollar houses and six figure crappy houses. Imagine being able to buy 20k lots on the beach back in the 50s and 60s.

[Anonymous No.29106230]

>>29103833
nice trips, any tips on where to look up properties/buildings?

[Anonymous No.29106370]

>>29106055
>durr u don't know what is supply and demand
You fucking nigger, I understand that normalfags would gladly pay a million dollars for a 500 sq foot San Francisco apartment so they can have the pleasure of stepping in heroin needles and hobo shit every day.

>>29105903
I don't believe this. Covid has caused a permanent work from home revolution, the only thing holding it back is the last bits of intertia plus the lack of decent internet service. When StarLink comes online it's 150MB/s from anywhere with electricity and a view to the south. You could literally park a van in the Utah desert, set out some solar panels, and work a 6 figure/year job.

[Anonymous No.29106570]

>>29106370

This means that cost of living goes up across the board. Small rural towns with cheap housing now become hot spots as WFH drones spread to the four winds. The slow pace of construction is really tamping down supply.

[Anonymous No.29106603]

>>29106199
California wasn't flooded with millions of beaners and immigrants at that point bidding the prices up.

[Anonymous No.29106688]

>>29106603

It's mostly tech companies that drove the high cost of lving with tons of profit flowing into the state aside from Hollywood. It's just a beautiful state that people want to live in.

[Anonymous No.29106705]

>>29106370
Ah the rural WFH cope theory! If only everyone could simply move out to the desert and get premium 6 figure jobs, everything would be solved!

Let's just overlook the fact that internet and electricity are not what most look for when finding a place to live. They look for convenience and access to services like grocery, education, and leisure.

[Anonymous No.29106824]

>>29106603
If only lefties who bitch about the rising cost of housing understood that their precious cheap labor migrants were a direct cause

[Anonymous No.29106834]

>>29097917
Anyone had success with whole selling

[Anonymous No.29106980]

>>29106705
>cope theory
How, exactly? People who value cheap housing and good (white) areas to live will choose electricity and StarLink, people who value being able to take a train with vomit on the seats to see a niggerball game will choose renting in a convenient city. More options mean more choices, but more options do not necessarily mean all of the choices.

[Anonymous No.29107305]

>>29097997
>>29098012
>>29098088
>>29098533
>>29105903

HAHA it's cheaper to buy than almost anytime before!

Can't qualify for a mortgage? sucks to suck!

[Anonymous No.29107316]

>>29099067
I think your arguments are valid, but I have a problem about "waiting for the bubble pops". There is a supply shortage; we are not building homes. There are VERY HEAVY CASH buyers salivating to get in on these foreclosures. The bubble will NEVER pop.

For the past 20 years there has been an insane transfer of wealth-- people do not have money anymore, so the only thing left to do is take away the last piece of wealth the middle class can actually acquire...housing.

To everyone: In my opinion, this bubble will not pop. If you need a house for yourself or upcoming family get one now or have it built. There are insanely rich people on the sidelines right now ready to scoop up those rentals very quickly when middle-class bob the landlord realizes his "get quick rich rental scheme" isn't working when he has 500k worth of debt and tenets that can't pay.

[Anonymous No.29107354]

>>29106980
What you've described is an option for rich people who can already choose to live anywhere they want. You keep saying starlink starlink like it's some magic thing. Fucking elon musk cultists man. Starlink's total cost of ownership will be (conservatively) three times the cost of traditional ISP internet only service.

WFH will stay, but many jobs are going to return to normal or be hybrid WFH.

We're moving to a system where there will be hordes of rentoid drones and rich homeowners.

[Anonymous No.29107430]

>>29100241
Also Toronto area anon here
Bought a house last year in Innisfil but I work in Toronto, commute is a bitch
If I was buying now I wouldn't know what to do either, certainly wouldn't be able to afford the area I'm in now. GL anon

[Anonymous No.29107431]

>>29106230
every county has to advertise a tax auction a month in advance, so just occasionally search your county. a popular website ive seen quite a few counties in CA, PA, WA, NV use is bid4assets.

[Anonymous No.29107469]

>>29107354
Nothing is going back to normal until the normies masses take the jab

[Anonymous No.29107532]

Why buy land? You still have to pay property tax, so you technically don't really own it.

[Anonymous No.29107565]

>>29107305
People underestimate just how pessimistic and hopeless most people are nowadays. Just wanting a house and actively working to get one already puts you way ahead of the curve over most people. Hell, all it'd take to get a house outside of a major city is a single roommate and a full time job.

[Anonymous No.29107606]

>>29106824
Nah, it mostly housing regulations that restrict building and welfare programs like rent control that caused it.

[Anonymous No.29107877]

>>29106199
>Why do I feel so salty knowing that boomers were able to buy property in coastal Southern California for dirt cheap?
Blame prop 13.

>>29107316
>>29107354
Prices can rise and fall without any sort of bubble existing at all, and that's likely what will happen. Consumer inflation picks up a bit, the fed raises rates, mortgages become more expensive, and so less people look to buy houses; Boomers start dying and so demand goes down while their houses go onto the market, etc. market fundamentals can just change, and they're likely to do so.

We're already seeing prices nominally plateau (in other words, a real decline) in the bay area.

[Anonymous No.29108163]

>>29107565
It’s incredibly dangerous that so many people think like this nowadays. The boomers will reap what they sowed

[Anonymous No.29108184]

>>29107877
Prices fell in Manhattan. Problem is its rising in 2nd tier and 3rd tier cities like Houston TX and Huntsville AL and places like Arkansas and Missouri.

[Anonymous No.29108239]

>>29107877
Many flawed assumptions. The Fed is unlikely to raise rates with the US's debt to GDP ratio being where it is. They have said they will not. It is more likely inflation will run hot and rates remain low, which would further accelerate demand for homes. The boomer death theory is more than offset by the hordes of legal and illegal immigrants that have flooded the country. And of course, the bay area real estate market cannot be realistically compared to most areas in the country.

[Anonymous No.29108271]

>>29108163
I wish all it'd take is a simple full time job and that you wouldn't have to use roommates as a crutch, but unfortunately shit is still fucked. Maybe one day we can stop importing people by the thousands and let our own citizens have first pick instead of last pick.

[Anonymous No.29108298]

What does /biz/ think about 3D printed tiny houses? They are superior to container houses imo

4k for one unit on average

A company in belgium managed to print a two story unit the other month too

[Anonymous No.29108344]

>>29108271
not happening without extreme violence

[Anonymous No.29108437]

>>29108298
I'd rather pay 20k for a micro cuck shack and half an acre of land than $900 a month for a shitty apartment with paper thin walls and crackhead neighbors that scream at their toddlers at 12pm.
>>29108344
Ok, so it's just flat out never happening. The only realistic scenario at this point is the country just balkanizes and only half of it gets fucked to death instead of all of it.

[Anonymous No.29108447]

>>29108239
Lenders can raise mortgage rates even if the fed sets rates low. If the lenders anticipate inflation to be higher they will raise the rates to compensate for it.

[Anonymous No.29108498]

>>29107565
Most people are short term thinkers. It's precisely why the 30-year is more common than the 15-year, because the idea of how much it costs at the end doesn't even enter their tiny brains, just how much they have to pay in the now, that month.

[Anonymous No.29108610]

>>29108239
I've lived in the bay area in an rv for my entire life no credit 60k in btc 5k in dollars and I have way too much free time and need a place of my own thinking toledo any advice??

[Anonymous No.29108860]

>>29108239
>They have said they will not.
I'm talking about the next ten years, not next three.

>muh boomer death theory is a myth

The working age population in the us is declining https://fred.stlouisfed.org/series/LFWA64TTUSM647S

and home-ownership isn't an ubiquitous thing for brown Americans the way it is for white americans.

>the bay area can't be realistically...

Ever heard of a canary in the coal mine?

[Anonymous No.29108956]

>>29108610
I'd say leave the bay area unless you can get a really high paying job at a tech company.

[Anonymous No.29108983]

>>29108498
I can understand going for a "cheap" 30 year mortgage if you were a /biz/ goblin. The spare money you'd have from the smaller payments could go into crypto or stocks and end up making far more than you'd save if you just went for the quick 15 year one. Of course most people aren't intelligent and don't invest whatsoever so that doesn't apply to them.

[Anonymous No.29109169]

>>29108860
Long term predictions about the economy are a fool's game since inevitably the longer timeframe you try to predict the harder it is to make your prediction based on real facts.

I agree with you on the racial element of home ownership. We are going to have a class of rich homeowners and a class of rentoid drones who will, and are, getting priced out permanently.

Finally, the bay area comparison with the broader US is dumb. Cali has a unique combination of higher taxes, declining public benefits, high paying companies fleeing, and historically already elevated real estate. You could realistically make this comparison with a few cities like NYC and Chicago.

[Anonymous No.29109252]

>>29107305
I won't be paying for a house that is 7x median wages when 10,000oz of silver is under 1, especially when it seems like it's a seller's market in my area. I'll have to be patient.

[Anonymous No.29109377]

>>29108498
i understand what you’re saying about people’s consooming habits but imo 30-year mortgage isn’t always the way to go. you can still pay it off in 15 years if you want but if you fall on hard times your monthly note is much less so more likely to survive it. gives you more breathing room

[Anonymous No.29109413]

>>29108983
In these market conditions? Oh for sure, return on stonks is high, interest is low, the thirty-fifteen year spread isn't particularly high, and inflation is just high enough that what most of what interest you do pay will mostly be eaten by it. If there's a time to buy with a mortgage, it's right now.
>>29108447
This.
>>29108239
Forgot to add: the fed literally exists so that someone will be there to adjust rates even when it's politically unpopular.
For that matter, no economist at the fed feels comfortable being at the lower bound, even if it is the best thing to do given economic conditions. It means that they have no tools to deal with future crises.

[Anonymous No.29109469]

>>29101148
what are cap rates ? capital gains tax ?

[Anonymous No.29109490]

>>29109377
*IS always the way to go

[Anonymous No.29109552]

>>29109469
capitalization rate

[Anonymous No.29109582]

>>29097917
imagine getting real estate instead of BOND

[Anonymous No.29109744]

>>29102221
don't need a war, largest amount of real estate is held by boomers, who'll start dying off soon, that'll in itself bring home prices down by a large amount.
if there is war, which means younger gen will get drafted, and then killed. this will reduce the amount of potential buyers and allow banks to swoop in and pick up lost of cheap re.

[Anonymous No.29109953]

>>29109413
>the fed literally exists so that someone will be there to adjust rates even when it's politically unpopular

It's not politically unpopular to raise rates. It's politically impossible. The last time the US's debt to GDP ratio was this high was after massive military spending during WW2. Go and see how they paid it off. They let inflation run hot and devalued the real value of the debt.

There are two options: massive austerity and spending cuts combined with massive tax increases, or low rates with inflation and money printing. The latter is the obvious path and the path of least resistance.

[Anonymous No.29110030]

>>29109744
Sorry dude, but our current generation has been raised on a "live in the moment" doctrine and they are all wrapped up in 5 layers of debt. Every single elderly person could die over the next month and everyone would be so busy paying off their dogshit college loans, credit card debts, or brand new car payments that nobody would actually get a house before foreign companies swoop in on the cheap real estate and buy it up to turn into apartments. Hell, most people unironically prefer apartments for some ungodly reason. I'm glad they prefer apartments since it means less competition for decent places.

[Anonymous No.29110237]

>>29098047
USDA loan

[Anonymous No.29110262]

>>29109953
>U.S debt reaches 27 trillion
>The U.S just inflates it's currency to Zimbabwe levels of fuckery over the course of three years, pays off it's debt using the now worthless cash, and then immediately reset their currency and pretend nothing ever happened
This is either dangerously based or dangerously retarded. There has to be something that'd stop us from doing this, right? I simultaneously can and can't imagine them forgetting to make rules and laws forbidding this level of 4D chess.

[Anonymous No.29110274]

>>29108956
Where could I possibly go with my baby money lol?

[Anonymous No.29110544]

>>29110262
The US has a lot of flexibility to print money without hyperinflation. USD is the global reserve currency and the lion's share of global debt is denominated in USD (including debt held by the US gov!!!), so there is heavy demand for dollars. And like anything, the relative price of the USD is based on supply and demand. If we print too much the USD will lose that global reserve currency status eventually.

>>29110274
Ohio is pretty low COL from what my friend there tells me. 60k is more than enough to get a start there for sure. Just make sure you eventually land a decent job. You won't be able to live without working on that money for more than a few years, unless you go overseas.

[Anonymous No.29110760]

>>29098056
Go back

[Anonymous No.29110796]

>>29109169
I'd tend to agree with this, but I'm just not sure where you think things will go. Interest rates are literally zero percent. Contrary to what the internet seems ot think, that's a good thing for middle class buyers (see chart posted earlier). It's firms that buy in cash, and so when prices go up because of cheap mortgages that's unequivocally bad for them.
>Cali has a unique
Since you don't believe me: https://fred.stlouisfed.org/series/MSPUS
median sale price has been flat since 2017 for the whole of the US
>>29109252
Yeah, instead you'll wait until it's 3.5x median wage and you have to pay 6% API
>>29109953
A lot of that isn't real debt. Maybe in the financial/accounting sense it is, but not in the economic sense. What I mean is, a third of the debt owed by the Federal government is to itself.
But I don't see why that matters. Even if the yield on the 10 year was 2%, the federal government wouldn't be paying THAT much in interest.

[Anonymous No.29110818]

>>29110274
Anywhere

[Anonymous No.29110901]

>>29097917
They will tax the living bejesus out of real estate.
I will be so happy to see you cry.

[Anonymous No.29111189]

>>29098088
Was renting in Minnesota. Landlords have fewer legal responsibilities than in most states. They don't need to provide a lease buyout (exit) option and they can charge for an empty unit without looking for a new tenant. Most states require landlords to be able to prove in court that they are trying to find a new tenant (by adequately advertising) when collecting rent from a tenant who left.
There's other shit too, but I can't remember off the top of my head. Sucks to rent there, but you should consider having some properties there if you are a cheapskate property owner.

[Anonymous No.29111316]

>>29110796
My prediction is we will see sustained low rates and increasing inflation. I don't think it's necessarily good for middle class buyers. Prices will continue to rise.

Your chart shows an accelerated median sale price increase in the last year, which I think will continue.

It's true that a chunk of gov debt is owed "to itself". A lot of this is social security. Politically impossible to make significant cuts to this. And finally, a 1% rise in rates would increase the interest expense of the debt by 270 billion. That's about 8% of US tax revenue. 1% rise=8% less revenue for the gov.

[Anonymous No.29111785]

>>29111316
>we will see sustained low rates
In the next 3 years? Yeah, but the next 10, 15? You can't say that any more than I can say the opposite. My prediction is at least asserting a return to a historical norm, yours is like saying that the sun will set tomorrow and never come back up.
>increasing inflation
agreed. But if inflation goes up, then non-federal interest rates almost definitely will also go up. Yeah negative real interest rates MIGHT occur, but at the end of the day if you're losing money in saving, you might as well just spend it.
>I don't think it's necessarily good for middle class buyers
>Your chart shows an accelerated median sale price

Wrong chart, my bad. I'm talking about >>29107305
The formula on the top is a bit of a mess but it basically is saying that the real (i.e. inflation adjusted) cost of buying a house for mortgage seekers is actually cheaper than say, 20 years ago.
>Politically impossible to make significant cuts to this.
Complete overall of existing welfare benefits into a negative income tax.
Yeah, taxes are going to have to go up, but that's life. Taxes 25 years ago were higher than they are now, and get this, people survived.

[Anonymous No.29111849]

>>29097917
0Chain counts as real-estate.

You need real estate to run hardware

thus nodes = land

[Anonymous No.29112176]

>>29111785
I think you have misread your graph. I don't know what you information you are trying to convey with that graph, but inflation adjusted prices of houses have not gotten cheaper over 20 years. Maybe if you use a watered down or cherry picked metrics for inflation.

We will see about the taxes and the rates. My argument is it's much easier, politically, to print money and inflate the currency (with low rates) than raise taxes and cut spending. Since the Fed controls the money supply, it can set the interest rate to be whatever it wants.

[Anonymous No.29112790]

>>29112176
>I think you have misread your graph
No, you misunderstood what I said. It's not an a graph of real house prices, it's a graph of the real COST of buying a house, i.e., the upfront price plus the sum of interest. In other words, it's the actual affordability of home-buying for the vast majority of people who only do so with a mortgage.

>watered down or cherry picked metrics for inflation.
Just so you know, it literally says the formula and what time series I used right up at the top. That aside, no, I used the PCEPI which is significantly slower than CPI. For anyone bad at arithmatic, that means that it adjusts past prices upward less, which means it works against my point if anything.

[Anonymous No.29113041]

>>29112790
Oh I see what you are trying to say now. Yes, for a brief window during the start of the COVID pandemic prices were low and mortgage rates were also low. But the prices have now adjusted upwards, and will continue to rise since people have access to cheap money via low rate mortgages. It's a misleading graph since it only captures a small part of real estate price movements during 2020.

[Anonymous No.29113068]

>>29099105
Same situation, Ive been ready to buy for months but I refuse to overpay for boomer shit boxes in PHX. I know these fuckers don't have the money to over pay, but here we are.

[Anonymous No.29113239]

>>29104396

NS real estate market is getting pumped right now like crazy, want to move there but hesitant that i will buy the top

[Anonymous No.29113648]

>>29113041
It's current up through Q4 of 2020. The red line, where we were at at Q4 2020, is pretty low historically, only about 10 years of the past 50 have been cheaper. If this year, the cost (or price, since there's currently little difference between the two) of homes goes up ~100k (which imo is unlikely but not impossible), then we'll be at the green line. Well, how horribly expensive is the green line? About average, given the past 50 years as a frame of reference.

[Anonymous No.29113918]

>>29113648
fuck me forgot to upload it with the bands, here it is

[Anonymous No.29114122]

>>29099105
>>29113068

Look forward to selling you cucks my 300k starter for 600k in 5 years as commiefornians invade.

[Anonymous No.29114175]

>>29099160
Where is a good place to buy land? Let's say if I just want to buy some and not do anything with it right away?

[Anonymous No.29114192]

>>29111785
>My prediction is at least asserting a return to a historical norm, yours is like saying that the sun will set tomorrow and never come back up

I would encourage you to look at what happened to Japan and its experience with low rates and QE

>>29113648
I am having a hard time drawing the same conclusions you have made from the data. I will take you at your word that the data is good, covers Q4 2020, PCEPI a good metric for inflation, etc. All the information I have seen screams that average people are having difficulty affording home purchases. Perhaps the adjusted cost of ownership is low historically, as your data would indicate, but most buyers cannot qualify for the 30 year fixed rate used. Could be due to credit score, lack of employment, or existing debt (student debt comes to mind). So adjusted home costs may actually BE low historically, but a confluence of real economic factors may be making this theoretical adjusted home cost not representative of the reality of real estate dynamics.

[Anonymous No.29114466]

>>29113239
Yeah everything getting pumped. Everything good is taken. Nova Scotia is pumping, Ontario is pumped, BC is max pumped. Quebec and West are cold.

Hopefully Canzuk comes into being so I can move to Australia (which is also pumped by China).

[Anonymous No.29114872]

>>29099160
You blow your father with that mouth?