Why don't millennials want to buy houses
>>70937941
Too much stress, we all know that mortgages are voluntary slavery so we all live with our parents
tl;dr because life is shit
>>70937941
because renting is cheaper and more flexible
>>70938104
I mean son, strong handshake 50k starting! You're so lazy.
>>70937941
how many people do you know who stay at the same job for longer than 10 years these days
>>70937941
THIS IS SPAM YOURE NOT ADDING ANY ORIGINAL CONTENT
MODS REEEEEEEEEEE
>>70937941
>Hi, I'm Angela Merkel. Welcome to EU.
>>70938195
I CAN'T EVEN WIPE MY ASS WITH 50K ANYMORE, DAD YOU STUPID BABY BOOMER FUCK. NOW GET OUT OF MY ROOM
>>70937941
>why don't millennials want to fall for the real estate jew
>>70937941
I just bought a cheap cabin near the city. 10% the price of a house with the same size, nice little private forest for my dog to run in
>>70937941
>live alone or as a couple with no kids
>waste money on mcmansion
Why would you do that?
>>70937941
Autism, arrested development, feminism
>>mfw home owner 3000 sqft home on .31 acre privacy fenced in, STEM degree
Nothing like walking out onto the patio with a cold Budweiser and jerking off into the grass
>>70938174
Yeah. I don't need to own a house, I only need to live in one. If you have a good relationship with the owner it's fine.
investors bought them all up and theyre sitting on them
>>70938446
That sounds nice.
>>70938514
.31 acre
top kek
because it's really not cheaper. Say your rent is 700/month.
mortgage + other fees on a 140,000 house is going to be about 1200 a month. You'll end up paying about 300,000 or more over the 30 years you "own" the house. You really aren't earning equity because you sell the house for even 200000...being generous here on its appreciation, you still lost 100000 dollars on the thing.
good luck out there bros.
>>70937941
>Why can't millennial afford houses?
Fixed it for you bruh
>>70938586
>one guy doing 1 post b8 threads with steve o images
why?
>>70937941
stop posting in these threads
>>70939008
>setting up shitpost franchises all day
why doesnt he want to work?
why does he still live at home?
what should we do with him?
Because im waiting for my grandparents to die because they promised me their land cause im the favorite
>>70937941
Jews
>>70937941
I'd rather just wait until my parents die so I can inherit.
>>70937941
Because they're too expensive and we're all still indebted from college loans you tard.
>>70939245
wew, that's risky. Old people get dementia and change their wills all the time. Or worse, they live to 130.
>>70937941
I'm sure most of them do, but in most markets it's completely unaffordable.
I'm 28 and buying my first home right now. Since I don't live in an irrelevant bible belt-tier shithole, i wouldnt have been able to afford a ~400k house 4-5 years ago.
only boomers think homes as an asset. millennials think of it as a liability.
>>70937941
Why do you keep making shit threads?
>>70937941
I'm 18 and I want to own a house. Just have to get a good paying job. I'm not falling for the college meme, when I graduate in 22 days I am going to become an EMT to get emergency training, then after a couple years hopefully become a firefighter. Houses cost a fuck load of money, you can't do it working a meme job.
>>70938446
I don't think they have that here.
>>70937941
Because land isn't cheap and people aren't getting married as early anymore.
>>70937941
>he will never be cute again
>>70939773
once you have some basic income, these days you only need a tiny down payment to buy a place. depending on where you live you can probably easily buy a townhouse/condo and end up paying the same as if you were renting except you'd be building equity at the same time (i wish i had done this in retrospect).
bank of america right now has a program for first time buyers where they can buy a place for only 3% down payment with NO mortgage insurance. that means you only need like ~$10-15k to buy a 200k house (e.g. 6k down payment + money for closing costs). pretty easily achievable
They can't afford them because we are in a depression they are forced to call a recovery while both parties' focus is to keep the price of houses higher than a giraffe's ass to keep the crash they caused in 2008 out of the news for another election cycle.
Because you shouldn't buy a house unless you can defend it.
>>70940167
Found the GOP retard
>>70939773
Implying EMT or firefighter isn't a meme job
all you really need is 1 or 2 comfy rooms and a screen
>>70938514
>An acre was the amount of land tillable by one man behind one ox in one day. Traditional acres were long and narrow due to the difficulty in turning the plough and the value of river front access.
You only do .31 days worth of work, you lazy mule. Do your part...
>>70940167
>both parties' focus is to keep the price of houses
yes, because republicans and democrats control real estate prices.
how does one get so fucking stupid?
>>70937941
Millenials dont want to buy houses
They want to vote for bernie and ride bikes
>>70937941
Data in Canada say that 51 of people borned from the early 80s to the early 90s own property.
>>70941910
51%
Because I don't want to do fucking landscaping and mow the yard every week because I want to maintain a unsustainable 1950s status quo
>tfw sitting in real estate classes to get my license
Please buy houses anons
but my fiance and I both want to buy a house
24 and 23 respectively
>>70941910
jesus christ canada learn to write your language.
>>70942336
He's probably Chinese.
>>70941047
>big gulp
...
>>70937941
>giving someone loads of money for a place to anchor you for decades
>never actually owning the land, always asking for permission from the government to do shit with it
Gee, I wonder.
>>70940147
>bank of america right now has a program for first time buyers where they can buy a place for only 3% down payment with NO mortgage insurance. that means you only need like ~$10-15k to buy a 200k house (e.g. 6k down payment + money for closing costs). pretty easily achievable
Holy deja vu Batman! But it's probably fine, I mean... what are the chances of another housing loan collapse when we just had one only eight years ago? Right?
>>70940147
And then you're paying 1k a month on the mortgage not including taxes and utilities, and then there's food and gas for your car and then what are you left with?
Millennials are too busy pretending to be Japanese on /pol/ to get jobs, OP.
>>70937941
>it's a 1 post by this ID episode
How can we fix it?
I mean. I think it's pretty much ridiculous in the whole world, house prices. How do we fix it?
>>70937941
The fuck do I need a house for I'm a single male with no kids.
>>70937941
Why do millenials keep making threads asking millenials about millenials?
>>70937941
>millennials
>able to afford houses
nope.jpg
>>70944108
Get an RV.
>>70944405
>an RV
kek, okay, sell me on it. give me some perks nigga.
Because the suburbs are neglected while the cities flourish. People don't wanna spend half their day in traffic.
>>70938514
>3000 square foot on .31 acre
Fucking retard. I bet you're one of those stone oak faggots who moved in from cali when they sold their billion dollar shacks in LA.
I've been looking
>>70938883
It depends on where you live in many situations. I live in the SF Bay Area of California, and my rent was $1175.00 a month for a two bedroom apartment in the ghetto. That same apart is now going for $1400.00 a month.
My wife and I decided to get a house and we were able to get a first time home buyers loan (FHA) where we only had to put down a 1% deposit. It's a 3 bedroom, 2 bathroom, 1200 sq ft house on a 7000 sq ft lot. The final price was 221,400.
We pay $1550.00 a month. Over time the mortgage will go down to $1400.00 a month once we no longer have to pay mortgage insurance. Plus, we rent out a bedroom for $700.00 a month.
In this instance, owing was the cheaper option to renting. Rent is going to keep increasing in the Bay Area. It's doubled and tripled in some places within the last 10-15 years.
>>70938104
At least with mortgages you potentially get your money back when you sell. Renting is the true slavery
They can barely pay off their college debt. What makes you think they could pay off a mortgage?
Ive owned a home since 2012, it is currently renting to a fucking woman. White males are fucked cucked and sucked by the mortgage kikels..Definently not worth the investment MAGA 2016
>>70937941
I fucking love those boomer articles that always start out with "WHY AREN'T MILLENIALS BUYING HOUSES/CARS?? I THOUGHT MCDONALDS AND BEING UNEMPLOYED PAID MAD DOSH"
>>70937941
>not getting married
>dont have a pooled income
>dont want to have children
>live alone in an apartment because why not
>>70944687
What is 3 floors
The Midwest is cheap as fuck senpai
>>70937941
I'd love to own a house but my shitty wageslave job makes it an impossibility
And so does my crippling alcoholism that keeps me from holding a job to begin with
>>70938849
Find properties in the white suburbs with land more than a quarter acre for a decent price. Most aren't even an eighth of land.
>>70937941
This is the mystery.
>>70938104
>we all know that mortgages are voluntary slavery so we all live with our parents
this.
If you can't buy outright, don't.
Anything with interest is a trap.
>>70938104
first post worst post
>>70938174
second post even worse post
Daily reminder: if you don't live in a mega-bubble city like SanFrisco or Vancouver buying real estate is the smartest investment possible to people who aren't millionaires.
>>70942100
>>not paying Paco and Tayvon to do the labor for you.
>>70942100
Move to the desert
>>70939452
>we're
some of us aren't pants on head retarded
>>70949498
So the answer is to burn money paying 2x the cash for rent instead of toward a mortgage.
By your logic owning a house is the dumbest thing you can do, right after taking out a student loan for higher education and followed closely by owning a reliable vehicle.
Debt is a fact of life, just get over it. The secrete is to make sure you are debt free by age 40 and have retirement funded by age 50
>>70938174
BTW renting is far from cheaper. Whoever came up with that meme is an idiot. Rent in large cities is going to be anywhere from 2-4 times the mortgage on the property
>>70949657
The yids put the idea in their head that unskilled labor is just as valuable as a doctor's or lawyer's time so now we have to robot our shit up in order to turn a profit.
its a worthless investment now and no matter how much you "want" something, the powers that be won't let you
>>70937941
The market is overvalued as fuck and pretty much any house built between 1960 and 1990 is going to have a shitload of structural problems that you'll spend your life savings fixing as they pop up one after another because they're made of the cheapest materials available. No Mr. Boomer, I don't feel like paying 400k for your 1980's shitshack, I'd buy some nigger shack for 40k before that.
>>70938514
>.31 acre
>>70949498
>Australian telling other people to buy a house without a mortgage
So according to you, anybody who buys a house needs to have a million dollars cash in hand?
>>70949938
>So the answer is to burn money paying 2x the cash for rent instead of toward a mortgage.
No, the answer is to grab your guns and destroy the government, banks and major corporations.
No buts. This is non negotiable now. Revolution is needed with violent uprising.
>>70938883
>You'll end up paying about 300,000 or more over the 30 years you "own" the house.
>living somewhere for 30 years
wow screw that
>>70950444
No, read >>70950508
Only option left. This system has failed. Time to destroy rome again.
>>70950578
Then rent it out if you don't want to live there anymore. Or sell it and get your equity back. You must be a kid
>>70945537
What city is your house in though? Is it also in "the ghetto"?
>>70950428
>acre
>me interested to see how much is it
>The acre is a unit of land area used in the imperial and US customary systems. It is defined as the area of 1 chain (66 feet) by 1 furlong (660 feet), which is exactly equal to 1⁄640 of a square mile
>chain
>furlong
>>70950770
Renting out property when you aren't located close enough to manage it is a terrible idea
>>70937941
They don't want to work.
They don't want to drive.
They don't want to move out of mommies house.
They're just fat stupid children.
>>70950428
You know 31 Acres isnt large for a piece of land in the US right?
There are ranches in Montana and Texas that are over 31 square MILES in size. An Acre of land in most of the southern and western US runs between 3,000 and 10,000. Price depending on resources. 10k an acre comes with its own on-site water wells, all mineral and water rights, and many times comes with a lot of timber, which can be sold off.
If done smartly you can find acreage with enough timber to almost pay for the land
i do. i just want a comfy little house.
the tricky part: getting that house in a safe (i.e. white) neighborhood.
Because their parents are lazy peaches of shit who didn't teach their children to even be halfway decent human beings.
This is the faults of single mothers, self obsessed fathers, and communist brainwash in schools to wash it all down.
>>70937941
>my gf and I have two cats , and two ferrets
>we can't hab dog cause apartment
>getting house two bedroom two bath at end of lease
Feelsgudman
Tfw Can't wait to bring a puppy home and let it run around and grow up under your care.
TFW doge are loyal creatures
>>70950811
You didn't read enough. One acre was generally what a man behind an ox could plow in one work day. It was actually a very relevant unit of measure.
>>70950578
>>living somewhere for 30 years
Ever wondered where all the culture went?
It blew away with faggots like you who decided never to put down some roots and really invest into the locale.
Nobody knows their neighbors anymore because there's no fucking reason, you'll be gone in a couple of years anyway. Without social ties you end up reliant on corporations, governments, or media outlets to tell you whats going on, to give you and your children your own culture.
>>70945968
you mean when your house is payed off in your 70s? pass.
Because usury is legal nowadays. The fact that banks just benefit from raping people with interest based on a credit system that you literally have to pay for to get a good score. The system is rigged to make the rich richer and they acquire wealth by making the public slaves to produce wealth for them.
>but muh risk
If you think this system is anywhere near fair then you are a complete moron. I think capitalism is great, but the system should not be about stabbing your fellow human in the back to make money. Capitalism should encourage productivity, not swindling.
>>70950617
The system hasnt failed. A lot of people just think they are special and the class system doesnt apply to them.
Giant news flash. If your parents both work, you live in a house in a random suburb that you rent, and you go to public school, you are not middle class.
Home ownership and private education are pretty much the corner stone of what defines middle class
>>70950999
>You know 31 Acres isnt large for a piece of land in the US right?
No shit, that is why i am laughing. And it was .31 acres, not 31 acres. That piece of land wouldn't even be enough for a potato eating Irishman during the 17th century.
>>70940901
stupid picture, the faggot on the right isn't jewish enough, its not obvious that he's a jew
>>70951177
>If you think this system is anywhere near fair then you are a complete moron. I think capitalism is great, but the system should not be about stabbing your fellow human in the back to make money. Capitalism should encourage productivity, not swindling.
Capitalism is dead, there are no such thing as to big to fail and government bail outs in a capitalist society.
Next time its going to be a bail in though. And you are retarded if you buy a house now, rent 0-2 more years and the prices will go down a lot and you can buy a house then.
>>70950578
What's wrong with living somewhere for 30 years? You want your kids to not have a stable life because you move around every year when the lease is up?
>>70951138
Then we need to repeal Reaganomics and bring back the programs, tax rates, and regulations of the ~1950s era you long for (brought about by the New Deal) to allow middle-class Americans to prosper through means other than constantly job-hopping.
Source: 26yo, about to move in two months for the third time since finishing college. Would have gotten a 2% raise/year had I "put down some roots" because CEOs are incentivized to pay themselves bonuses and buy back stock rather than being loyal to workers because of Reaganomics.
>>70938514
kek. I like to go out in my backyard and pee
>>70951314
I missed that decimal. Christ, .31 acres is barely big enough for a house and garage, screw grass
>>70945537
You are literally a meme. Congratulations you played yourself.
>>70951314
.31 acres is fucking massive if he lives in a big city. That's enough for a huge yard and a workshop and whatnot.
Millennials are just shit. Every one I hire ends up with some snowflakey chip on their shoulder, while anyone with broken english turns into the best worker I've ever had.
>>70951103
>One acre was generally what a man behind an ox could plow in one work day.
https://en.wikipedia.org/wiki/Acre
>Queen Victoria – the British Weights and Measures Act of 1878 defined it as containing 4,840 square yards.
>the historical French acre was 4,221 square metres
French peasants confirmed to being lazier then anglo peasants.
Scottish acre, one of a number of obsolete Scottish units of measurement
>Irish acre = 7,840 square yards
>Cheshire acre = 10,240 square yards[29]
>stremma or Greek acre ≈ 10,000 square >Greek feet, but now set at exactly 1,000 >square metres (a similar unit was the zeugarion)[30]
>dunam or Turkish acre ≈ 1,600 square Turkish paces, but now set at exactly 1,000 square metres (a similar unit was the çift)
>actus quadratus or Roman acre ≈ 14,400 square Roman feet (about 1,260 square metres)
>>70937941
I dont want to have to take care of anything (lawn, foundation problems, plumbing, electrical).
Im thinking the time I would waste on those things is more than the cost of renting
>>70951059
Fucking true.
Am only sibling with spouse, own house, and not squatting or living at grandma's house.
And I am the outcast of the family.
>>70951925
>2016
>Living in the degenerate concrete jew
Its like you want to be killed by fire from the sky.
>>70951747
If you are averaging 2% a year that means you are punching a clock and keeping a chair warm. You really shouldnt be getting less than 10% a year if you of any value to the company at all.
When I left my last job I had averaged a little bit over 20% per year for 6 years. I started as a shipping supervisor and left as assistant director of technology.
If you havent gotten a promotion in a year you either suck (which is hard for people to accept, that they themselves, are actually a shitty employee) or your job sucks (in which case you probably shouldnt have taken it to begin with)
>>70951000
Then when you get that neighborhood, government decides blacks need some inclusivness in a safe neighborhood. So up goes a ghetto block of welfare housing full of niggers. Oh boy their goes the neighborhood
>>70951925
.31 arces works out to roughly 30' x 90'... which is the same size or smaller than the average big city lot. The majority of lots in Chicago are 50' x 150'
I'm quite on the fence about it.
My worry is what if the real estate bubble bursts at the worst possible time and you end up paying mortgage for a worthless house.
On the other hand I also understand the you might as well pay mortgage instead of rent as at least you get something at the end of it.
>>70952175
Rename that pic to Stockholm.jpg
Real Estate Agent, Property Management Company Owner and Millennial here. I feel very qualified for this question.
The answer really is, millennials do want to become property owners. The majority can't because they have shitty jobs and lots of debt. The millennials that buy homes are married and well-off, usually because their parents are upper-middle class and have paid for college tuition and other important things that set them up for a good life.
The answers in this thread are ridiculous--You're all probably millennials too and you don't understand the value in home-ownership. To name a few: Mortgages in most places are often cheaper than rent (why would people take out mortgages in order to purchase an investment property?), tax breaks are huge when you own a home (especially when you're married), and the most important part-- a 30-year mortgage doesn't mean you're trapped there for 30 years. You can actually sell the thing much sooner as long as you can pay off the balance.
AMA
>>70952328
Pro tip. Dont live in blue states. This has been tried time and time again in many states, and more than a few hand banded together to keep the public housing out of their neighborhoods. Red states wouldnt allow it to begin with. In blue states it will go to court for a decade before the housing is just built somewhere else
>>70945537
Fucking mortgage insurance. That's where they get you. You're going to be flushing $1800 a year down the toilet until you pay off 20% of the house, which will take like 15 years. What city? I grew up in the Bay Area
>>70952585
I wish
>europe.jpg
>>70938303
>but son, if you cant wipe your own ass, how do you expect to wipe my ass when im older?
>>70937941
>tfw saw an old post by Steve-O (most likely) way way back, he posted a pic with him and suzie poo, like called her, girl-with-shit-on-face whatever she's called
Weird the thought that his home videos were such a big inspiration in my life and helped me get over depression and get productive for the first time in my life, and for myself
I live in a small house that costs 200k.
One of the cheapest houses available.
Fuck off.
>>70937941
because I only make 55k and the only kind of houses I can by are trailers/pre-fab homes that do not retain their value and any homes that are worth investing money into are out of my price range.
>>70938286
Extremely underrated.
>>70952221
Fuck off faggot, I was invaluable to my last company and they kept me on contract because I was spread over multiple departments and they didn't have an official position that could allow me to perform all my functions. They cap contractor wages too.
>masters in physics
>built a propping testing experiment from the ground up, none of you would understand how fucking hard this is.
>learned finite element analysis
>conducted product design and plastics optimization
>got involved with 3d prenting because I was bored
>capped at 30/hr.
Cheaper to keep me doing all these different tasks than hire 2-3 people to perform each one individually. So I left the company. Good for you that you skyrocketed up the corporate ladder, but your bullshit rhetoric doesn't apply to everyone.
>>70952640
You shouldnt be buying anything without at least 20% down. PMI is basically an idiot tax. Sorry Aiden/Tucker/Spenser, you make 50k a year... you should NOT be buying a 300k condo in the downtown area with your 3% down. Go an hour and a half out of the city and look at houses that start at 40k
>>70952675
Ill just take all of your assets, have you declared mentally infirm, and put you in a nursing home. They can wipe your ass. Ill visit every few years dont worry
>>70952773
You mean, in the area you want to live in. Thats key here.
>>70949048
>Buying a 3 floor fucking house on less than half an acre
I repeat
Are you fucking retarded?
>>70952221
>You really shouldnt be getting less than 10% a year if you of any value to the company at all.
Oh, come on. By this logic, anybody who graduates from college at 22 with a liberal arts degree and gets some bullshit retail management position for $30,000/yr "should" be making $202k/year by the time they're 42. Considering the median HOUSEHOLD income is $52k in the USA, you must believe that a tiny, tiny fraction of people add "any value at all". Maybe you do believe that, and that's fine, I just find it pretty unrealistic.
I just calculated, and my salary has gone up 25% in the last 2.5 years, but that's with a company-hop. You are the only person I've ever heard of getting 20%/year.
>>70952846
Proppant, not propping.
Tested fracking fluids, shit is complicated.
>>70953087
>raduates from college at 22 with a liberal arts degree
>any value at all
Pick one
>>70937941
>300k euro for a small plot at a shitty location
>people with masters work for 1200euro
only public sector workers can afford these shit. and they all get their positions by knowing someone
>>70950959
You're a retard.
See Germoney.
they literally turned those migrants into below min-wage slaves.
Same thing is happening everywhere.
>>70949346
Daily reminder that the housing market is still inflated as fuck
https://www.youtube.com/watch?v=Ne4YJYLm62g
16 minutes.
Enjoy having a mortgage debt that is over twice as much as the property is owned. Debtcucks
Because people like myself have made stupid decisions and didn't care about their credit score and didn't invest.
I plan on getting one in the near future though.
>>70937941
You sound like those boomers that complain that there aren't enough millennials wanting to buy their shitty McMansions just so they can get rid of it and buy into a retirement community or walkable urban area. Well too bad, a lot of us aren't going repeat your mistakes. The greatest generation started the suburban cancer, and the boomers magnified the problem until we finally went into a recession.
Developer houses too far away from urban areas (but not far and sparsely populated enough to be rural) are a losing investment and soon to become the future ghettos as the wealthy move back to the cities. Better live in a reasonably walkable area and not too far away from desirable destinations near urban areas, within a small town, or houses that qualify as "rural" if your house is going to be worth anything.
Suburbs the way they are today are a lost cause. Either go urban or innawoods log cabins with your closest neighbor a mile away.
>>70937941
Honestly, I want to be out of debt in case the happening starts happening and I can be on the front lines when we can still cancel the happening with early response and I won't t have to rekk my credit to quit my job and go what is necessary for a few months and then return to my life.
Why won't someone just give me a house so I can have a house and still be able to drop everything and go shoot some niggers for a few months if we need to? Feels bad man.
>>70937941
>buying overpriced assets
>taking out a huge loan to buy an overpriced asset
When the government allows the prices of homes to rise and fall naturally I'll consider taking out a mortgage.
Also fuck our education system because you start learning about this type of shit in college.
>>70949346
Got to love derivatives.
They've killed the people. We're slaves.
>>70953043
Well the area that I want to live is tied to my place of employment.
If I could magically keep the same job and live in the middle of nowhere, I would.
>>70937941
I don't want to buy houses.
I want to buy one specific house, and that's my grandfather's house. When he died, my grandmother picked his bones for all the money that she could and spent it on hair care and purses. Now she's lost the house.
The thought of getting that house someday gives me motivation to get up in the morning.
>>70953272
As an engineer, I tend to agree, but how can you simultaneously believe that the median household income is $52k/year AND that "anyone who adds any value at all" should be getting a 10%/year raise? I don't see how they can both be true. I doubt even the income of the metaphorical "one percent" goes up 10%/year.
>>70953513
>Mike Maloney
>believing you're getting quality information from a literal gold salesman
OK
>>70951298
>The system hasnt failed. A lot of people just think they are special and the class system doesnt apply to them.
But it has, we've run out of time. see >>70923370
They're doing what they're doing to Germoney in other countries.
We're finished. Get people on your side now or you will be a slave forever.
>>70953792
I don't know where that guy got 10% from, sounds ridiculous desu. Maybe if you live in a country with Zimbabwe tier inflation
I dont think people understand the upkeep costs owning a house.
>>70953864
You're right, hes just peddling fiction.
Without a wife and kids, I see no reason to own one.
>>70950999
An acre here goes for 100k to 150k here. We are right outside the Capitol and its priced to keep nigs and Mexicans out. Not a lot of land in Iowa.
http://m.landwatch.com/iowa/polk-county/land-for-sale/?id=2123371
>>70954059
Schiffbot detected. Keep stacking that $42 silver and paying 1.20% and 4.50% front-load for "international value" mutual funds.
>>70949318
>Not living on at least 5 acres
Literally a shame to your family
>>70954299
>Keep stacking that $42 silver and paying 1.20% and 4.50% front-load for "international value" mutual funds.
Americans need to pay for putting a box in a hole in the ground?
>>70950959
>They don't want to work.
For slave wages
>They don't want to drive.
Their slave wages don't pay enough
>They don't want to move out of mommies house.
Their slave wages don't pay enough
They're also not having kids, again because their slave wages aren't paying enough.
>>70954546
>putting a box in a hole in the ground?
You lost me, Lucas.
>Buy house
>Make Basement an apartment with some small renovations.
>Have tenants pay your mortgage.
>>70937941
WE CAN'T FUCKING AFFORD TO
WE'D LOVE A HOUSE BUT IT'S FUCKING BEYOND OUR MEANS BECAUSE OF THE SHITTY JOB MARKET AND HOUSING BUBBLE
YES I'M MAD
>>70938286
This
FUCKING HELL PEOPLE WAKE UP
>>70937941
With what money?
>>70949938
>Debt is a fact of life, just get over it.
this is a jew lie
IT IS SLAVERY.
Interest is about to go through the roof. We will never pay off debt.
>>70954924
This is a good idea. I know a guy that made his garage an apartment/workshop. And then rented out the rest of the house.
>>70949556
>buying real estate is the smartest investment possible to people who aren't millionaires.
Ironic because real estate is probably the DUMBEST investment idea for people aren't millionaires.
The only downside for a millionaire is if he takes a huge hit on a property then the bank can go after his other properties whereas the non-millionaire just goes bankrupt and loses absolutely everything.
But that's only if the millionaire was stupid enough to set up a holding company to separate his personal wealth for these mortgage obligations.
At most one can plausibly claim that real-estate is a good SPECULATIVE investment. But that is because of just how down right ineffecient the market is with all idiots who actually think real-estate is a "good investment"
>This thread
My face when we've been too worried about ISIS, when the real threat is at home.
I bet feminists will still cry oppression, the dumb cunts.
>>70955253
>At most one can plausibly claim that real-estate is a good SPECULATIVE investment.
This
People have been so obsessed with property that they didn't see the money market make it obsolete.
>>70950901
Its doable. Its just that it becomes a second job as you have to hire someone to manage the property and even more people to keep it clean when its not being rented.
However if you live in places like Augusta, GA or have a really sweet place, renting will easily pay for itself within 5 years.
>>70955121
>Interest is about to go through the roof. We will never pay off debt.
Haha yep, the jews are really chumming the water with 0% interest rates and negative interest baits. Soon they will reel it all in and start to collect.
Enjoy your new feudalism you retarded goy plebs.
>>70955253
>>70955486
Guys, I honestly cant speak for the american or australian market.
But if there ever was such a thing as an solid investment its real estate in major german cities.
Im not talking about some houses in florida swamplands...
>>70956127
>But if there ever was such a thing as an solid investment its real estate in major german cities.
Yeah, i am sure people are going to want to live in Baghdad 2.0.
>>70937941
most houses in america are either too big, too wooden, or in a shit neighborhood
I would like to buy a condo
>>70954203
The only houses in your country are made of mud
>>70955589
>Soon they will reel it all in and start to collect.
with the absurd popularity of adjustable rate mortgages, they definitely will
I spent all my money on veneers
>>70943672
underrated. /pol/ needs to be on the look out for shit like this in every thread.
If we can all hold out for like 10-15 years, house prices are going to drop like a mother fucker because everyone who bought from the 70s-90s will be dead or in a retirement home
>>70951081
Make sure only you are on the Mortgage and deed.
>Buy a house with GF
>Get married
>Get divorced in ~3-5 years
>She gets the house
>She can't afford it by herself
>You are paying her alimony to live in your house for free, forever
>She sells the house and takes 100% of the equity
Be smart anon. This happens all the time. There are women's support forums that ADVOCATE this.
>>70955589
Repost from another thread.
Germany has unveiled its new refugee policy. Main points:
1) Refugees who refuse to attend language and culture classes (paid for by the taxpayer, presumably) will have their benefits lowered
2) The law that business must prioritise hiring EU and German workers over non-EU workers will be suspended indefinitely
It's worth mentioning that refugees are allowed to be hired at below the minimum wage in Germany, because they automatically qualify to be on the long-term unemployed register of people who are allowed to be hired at below the minimum wage. So the big multinational corps in Germany just got hundreds of thousands of young men to employ at below the minimum wage.
Summer soon. Cannot wait to see if they start streaming over. Toplel at the EU referendum being held in mid-summer.
Even under Labour/Blair, it took the UK years to import a million Muslims. Merkel has done that in like 6 months.
http://www.theguardian.com/world/2016/apr/14/germany-unveils-integration-law-for-refugees-migrants
It WILL go through the roof. They enslaved us.
>>70955589
The only thing keeping the US economy alive is interest-free money. I guarantee by July we will see QE4 with possibly negative interest rates. Fed revised Q1 GDP from 2.4 to .1 and when the hard numbers come in I am sure we will see negative growth in Q1 and at least the next 4 following quarters.
>>70938514
>.31 acre
kek
I could probably piss over your entire block and not even dribble on your house
>>70937941
Because I don't even know if I'm going to stay in the state I'm currently living in in the next 5 years.
>>70956127
In Germany, I can imagine that may be true. Real growth in property values strongly depend on sustained growth in the incomes of the population.
Also greatly depends upon what incentives the government offers land owners. But just remember governments have a great interest in making real-estate appear as a good investment. Real property is the ultimate vehicle for collecting tax income. You can not hide property, you can not move it, they can put liens against it, courts can order a writ of execution, the list goes on
>>70951146
You don't have to wait until its paid off to sell it dumb ass
>>70950578
>living somewhere for 30 years
>not renting your place out
>never travelling
I guess none of this matters when you live in your basement
>shitty ex council houses are £400k
ayy lmao
>>70951747
> tax rates and regulations of the ~1950s era
These were taxations on incomes, and that's a problem nowadays since the automation do, and will kill a handfull of jobs, so it would be vain to tax incomes.
I'm ok to tax incomes (and for the tax to be big if the income is big) but at large scale if you got 50% of the jobs destroyed you'll end up taxing peanuts.
The real money is in profits of companies, not on incomes anymore.
>>70954208
There's mountain property in my state that's $14,000 per acre. No body wants to live there because it's several hours from established civilization.
I'm moving into an apartment in an upscale Miami neighborhood that my bf's parents bought. Why would I want to buy a house and throw money down the drain when I can pay cheap rent to my bf's parents? He might inherit it one day anyways.
because living on a rent is way better
>>70941910
People born in the 80's are not millenials.
>>70937941
Can't afford it.
>>70956500
I feel the same
