Houses will never be afforable again

houses will never be afforable again

Looks like some ghetto nigger house in some crime ridden nigger neighbourhood. Why do you fucking retards make the same bait threads over and over again?

you will never afford a shitty flipped home.

Dont buy it then, let it sit and rot!

Houses are affordable, you faggots just want to live in cities and suburbs.

I own a commieblock apartment. It's not much buy I own it, unlike Ameriturds who are forever rentoids.
Sucks to suck I guess, the landlord thanks you for your service.

then why did the price go up by $95,000?

so like $378k aud, double story, probably 3 or 4 bedrooms

still more affordable than anything here

Houses will stay the same price as long as the people buying and selling are willing to play the game.

I can't tell whether your post is meant as a joke or you don't get that that kind of properties are full to the brim with fees, outstanding debt and other obligations.

Inflation and constant raising house prices you dumb fucking nigger. Not even a ghetto nigger house is affordable with a mcdonalds manager salary.

Stay the fuck out of Lockport. Trains will stop for an hour and you can’t get in or out at any intersection. You will die in an ambulance if you ever have a medical emergency.

you could just drag illegals out of their 4 br 4ba houses the government put them in for free and live there.

My parents paid off their house and then gave it to me. This should be a widespread practice

I hope you kicked them out.

houses will never be afforable again

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How come nobody on these threads says their poor credit is why the can't buy a house? You retards know you don't have to pay it all at once right?

No I didn’t. They’re good people

How does that work? Do you mean you own the building itself? Or have you purchased a unit within said building and no longer need to pay further beyond (presumably) taxes/utilities etc.?

Fucking lol

they really need to fix the lockport bridge/train/state street situation. its a nightmare

Yeah bro I'm a collapse you'll come out ahead even though you're too inept to function in the softest society that has ever existed. Totally.

Ya ya I heard this horse shit for fucking 20 years now and guess what, I see plenty of overpriced shit rotting, and I see lots of reduced prices.

A boomer thinks he can get 300k over price while he lives in Flordia.

then build more of it

Yeah hold out bro. While doing that save your dollars up so you can buy a house you retard. The prices aren't coming down for anything that isn't too much work for you.

fpbp, another obvious demoralization thread.

Lockport, IL

83.5% White
1.5% nigger
2020 census
about 30 miles from Chicongo
so price probably went up because Whites are fleeing the city because of all the "rowdy teens" nonsense

If it doesn't have active liens and is in a good neighborhood, anyone with half a brain cell can renovate it and it would be worth it.

House slippers all bought high and then wanted to slap another 100k+ on the price.
The housing market is 100% driven by greed and bad decision making on the part of the flippers at this point.

you don't realize what is happening in USA
as population increases USA will turn into another india........

*house flippers
Anyway you want to see a really atrocities?
Look up house prices in North CO right now.
Fuck boomers and retired faggots from Cali and Texas.
I hate old people so much now, they all have lead poisoning and act like entitled children well into their old age.

was that inhabited by abos?

i fucking hate flippers.
if you see gray run away

Lockport isn't a suburb you retard

i live in a nice place northern CO and my house has gone down in value year after year for the last 3 years according to my tax valuation

I own a house with a detached 5 bay garage for a bit under $250k. The inflation is insane, this shit would have been $120k at the most pre-COVID. People lose their minds over the vaccine being full of chemtrail hologram juice, but it was the smallest part of the scam that got played on us. Still better than a vommie block though, I've heard stories about how they had to knock down the walls between units because they were so small not one would actually willingly live in them.

They all need to eat shit and sell at a loss.
It really isn't my problem they bought high.
Of course some retarded old fucking faggot is more than happy to pay way too much and fuck it up even harder.

I remember my sister texting "I'll be able to buy a house" on election night
lol
lmao

Yes because that was the top of the market here.
Now that we're going full blue state criminal beaner lover the house prices will start collapsing.
I knew it was the top when they were selling 120 year old Sears catalog houses for well over a million.
A serious person would buy so much more valuable land with 1 million + dollars...

Oops, was shitposting in another thread and didn't drop the memeflag.

Didn't you guys double down in the "import 10 million pajeets" party? I guess she can live with me if she's hot.

Ok here's a question though, even after the "collapse" arent there still way more people than there are homes?

Homes will never be affordable until there are enough for everyone, otherwise there is competition that drives up prices.

I have a house, is your sister white?

you have to understand too since 2020 there's been a MASSIVE influx of young dumb rich people thanks to bitcoins, e-celebs, OF sluts, WFH women etc, who dont know what to do with their massive paychecks so they think they need to spend 800K on an overpriced house in the city.

Worth what exactly?
It's some absolutely broken down house in a half dead mining town in the middle of nowhere in Australia.
You'll pay 20k for the property, 10k in fees, then 50k in demolition
Now try to build shit in the middle of nowhere when the next bigger city is like 200 miles away.
The fucking logistics makes this nearly impossible and then you got the woke Australian government with all the regulations as well as a wildlife and weather that tries to kill you.

wait until trump increase tax by 12 000% for multiple house owner and he price will do a nosedive

I think people are confusing the housing prices around cities and larger towns with regular housing prices elsewhere. There are plenty of places in America where you can buy a great house for a third of the price (or less) of the same in a suburb of Chicago. The problem really is, I think, that many people are only skilled for jobs that are in or near cities and thus have to deal with the insane real estate prices of those places.

All over the southwest, for instance, are 2/3 bedroom homes on a couple acres of desert available for >$150,000. If you're willing to live in a smaller situation you could buy a house on a smaller bit of land for less than $100,000. No bullshit. I just did a quick search on Zillow and found tons of results in the southwest. I assume the same applies in other parts of rural America as well but I like the desert.

There is hope, OP, is my point.

All you have to do is elect a president who deports illegals.

My "city" was a nice suburb while I was growing up.
Cosmopolitanism is a rot of the soul, I hate it here now.
Everyone is such a rude faggot out here these days.
Either Trump arrests Polis or this place becomes another drug filled beaner shithole ala California.
I am done with it, the mountains are not that special.

It really should be but that only works for couples that only had one child. It gets complicated if there are multiple siblings unless they're cool with either letting the other have it or living together. If I had kids (I do not and never will because I'm autistic and a bunch of other reasons) making sure my child had a home and some money to live on after my death would be priority number one.

I live in bumfuck nowhere and prices still went up 2x to 3x minimum. I barely could afford to buy what I have, and feel for anyone younger than me who may be fucked for life. It's not right; hopefully we get a correction.

MASSIVE influx of young dumb rich people thanks to bitcoins, e-celebs, OF sluts

lmao no. Touch grass. These not even 0.1% of the buyers.

I just came back from a trip to the USA (work, I would never spend my own money travelling to a third world country)
I stayed with a friend in Algonquin IL about an hour from here
It was absolutely infested with niggers and spics
I knew I was in America but damn, the sheer amount of niggers and spics was out of control

Interesting. I actually have a sister, but she disowned herself from us, so that worked out. Now I’m basically an only child so you have a point

What gave it away?
youtu.be/QPt_x5wvhQU?si=ZjNZpbQJ3inRWlMo

Zoning laws are fucked. We aren't allowed to build more because it keeps the supply artificially low. Besides, anything new would just get scooped up by "investors" or handed out to migrants.

Yeah, I don't know how to fix it because it's such a complicated problem however if someone has a little money saved and a willingness to move then it's doable. Personally I've always lived in rural America so it's home to me but I understand that people who are urbanites would struggle to cope with the change. It's an option, though.

Yeah those street names are a ginormous red flag and the house itself is the kind you see in no go nigger zones where it's quite terrifying to drive through.
The nigger areas near me (I live far away) the houses are like 60-80k so I'm not sure what scam is going on in the op.

Sellers are shameless.

Algonquin is bad, we're doing a shopping center reno there right now and i dread going to the site

Or the kikes/landlords just find other ways to claim ownership without paying the taxes.

One easy option is to start a company, then the company owns the property not you. If you buy another property then start another company. As long as it's cheaper than the tax.

Another option is to get family to do it for you, your wife owns a building, and your cousin owns a building, and his son owns a building... all funded by you of course.

Another option is to just raise rent to offset any new expenses. This is the easiest and will cause normies to insist the taxes are cut.

Yes, and no. Zoning is beneficial for keeping undesirables out of neighborhoods. It's a way of segregating that is somehow legal. On the other hand, the price of keeping the riff raff out is insane real estate prices.

Take the rural pill. You could unironically retire on a small nest egg if you moved out to the desert to a small home (even a "tiny" home if you were okay being cramped). Even better if you have a small pension or are good with investments. I cannot stress how cheaply one can live in the middle of the desert if they want to. It actually seems rather peaceful for someone like me that has (and always has had) social anxiety.

There are downsides, though. First, if you have a health problem (and if you don't already [I don't, thankfully] most likely you will by the time you get to your 60s) it may be more complicated to get healthcare living far away from a major city. If you have a heart attack the chances are you would die before an ambulance arrived but really this is how people lived and died for years and years so I don't get too caught up in that desu. Second, you'll have to drive further to get supplies like groceries and items for the house (of course me already being rural this is what I do anyway). Third, and this isn't as important these days because of both governmental grants that have expanded Internet connectivity to basically everywhere and Starlink, Internet can be slow. I have fiber now and have for several years thanks to some grant my state gave to the power coop but for years I was on DSL and it wasn't great but you learn to deal with it. Fourth, again not really much of a problem for me with my social anxiety - I guess I'm kind of a modern day hermit - you might be lonely with no one or very few people living around you.

The nigger areas near me (I live far away) the houses are like 60-80k so I'm not sure what scam is going on in the op.

I wonder if Detroit is still such a shithole that mansions are going for less than a hundred grand kek. One would think that eventually white people would move in and gentrify the place so it might not be a terrible investment, really.

Sellers are shameless.

Only as long as they can afford not to sell. Pricing works by itself. What I've seen is a lot of people who were shocked that they couldn't sell their house for the bank's estimate for the mortgage. It turns out that the banks have all overvalued the houses to give people a bigger credit line to entice them to take on more debt.

Detroit is currently being gentrified and flipped, look up the Corktown neighborhood

I was thinking of moving to the desert there, theres a dude named Cahlen who lives outside all year and with his gear he's fine in the deserts of Arizona and New Mexico even during coldest winter.

I'd need like 100+ acres and the ability to grow my own food. I could put about 300k into it but idk if that is enough for anything, in Canada it isn't.

That sounds 100% right. My home is now assessed for TWICE what I both it for nine years ago. The Zillow estimate is way more than that. There's just no way I can imagine someone buying my house for twice what I paid for it not even a decade ago. There has to be shenanigans going on there.

that's interesting because it'd also increase property tax and insurance and other fees that are based on assessed property value.

$300,000 would be plenty to buy a plot in the southwest. I'd recommend it if you like the desert and you're cool with accepting the downsides I wrote about (and probably others I haven't considered - those were just the first that came to mind from my own experiences in rural life). You say this guy lives outside year round? I assume he's a young guy. I can't imagine too many 60+ year olds (at least modern 60 year olds, not like old guys in western movies - they were built different desu) roughing it like that. Does that guy have an income source or is he truly living off the land?

I have much respect for people who can do that kind of thing. Just the living day by day alone is probably freeing. Not worrying about anything more than the moment.

just rename China as France so you get 0% taxe

can't believe god is this easy to outplay for the tiny hat retard

I own twelve houses
I have no intention to ever sell or rent them out
They sit empty and every week I take a dump in one of them
Fuck everyone that doesn't own a home.

sold

comparing Boston real estate to the real world

Again with the cities. Cities are expensive, anon, I don't know what else to tell you. Someone with money probably bought that for the location and will knock it down and build a really nice house there thus increasing the property value around it leading to yet more housing inflation. It's a vicious cycle.

Peak tard

Yeah op only sees Bitcoin millionaires and OF sluts and assumes they must be a huge part of the population

Ok here's a question though, even after the "collapse" arent there still way more people than there are homes?

Yes. There's a 4 million housing deficit. The primary issue is that nearly all of the housing built is segmented towards "high-end" or "luxury" properties, so it's not like people can afford it. No one wants to make higher density housing unless it's an apartment, and it's not going to be cheap since they're likely securitized and REIT investors want high capitalization rates.

The fucking logistics makes this nearly impossible

For locations like that, prefabrication is necessary. Trying to do custom residential builds is always a mistake the more remote it gets.

He's got a website Cahlen.org that has his videos and lists his gear
He's about 40 I think with no serious health issues.
His income is limited to what he can do for others or make from his videos, but its a couple hundred $ a month or less.
He does garden work for others near him in exchange for them letting him stay on their land.

Seems like a great way to live as long as the later years are properly prepared for.

What's your plan to fix it then? Everyone wants to bitch about it but no one has a plan to lower housing costs. Plus, if you lower housing costs, wouldn't that fuck up most people's finances? The biggest asset 99% of people have is their home and driving down the price of that will make them poorer and, if they do not own their home, possibly make them underwater on their mortgages. The main issue with all of this was the unchecked immigration of the past several decades. Had millions not been allowed to flood in the population would be shrinking as old people die and fewer people are born meaning the housing market would have been stable but that didn't happen obviously.

nearly all of the housing built is segmented towards "high-end" or "luxury" properties,

this is all i notice. either its luxury 2500/mo apartments or it subsidized section 8 housing that poors get to live in for free. everyone else is fucked

America is a zoo but the problem is normal people are locked in the cage with the exhibits.

Look how cute this place is. Fuck, man, I wish I could live in Alberta. I'd be there tomorrow if I had a Canadian passport.

live with my parents at 35

Their shitty house is fully paid off

Probably cheaper to just wait for them to both be dead in 20 years then try to get my own house

Idiots let the house fall into such disrepair it'll be a barely habitable shitbox by then though

Life is going to be very bad no matter what I do or don't do, I can tell.

If housing prices fall it will be a goddamn disaster for the average person's financial situation

It would obviously help those who do not own a home but for everyone else they would be in a situation they might never recover from especially retirees

soon, the average person will not be able to own a home
there is no credit left for the future to bail out the current housing market anymore
the day banks realize this is the day the bubble pops
the retirees are shit outta luck no matter what happens

next time, don't treat your home and nation as a speculative investment

cost of living is everything

100%. There's an old guy on YouTube I watch who doesn't have much money (he gets a small pension from Social Security of about twelve hundred dollars a month and a small amount of savings plus his little family farm in New Mexico he inherited) that spends six months of the year living in Colombia. He actually likes it in Colombia more than New Mexico because as he has little income he can live better in Colombia than in the US and still saves money. Imagine that, right?

Sorry about the move to the PNW, anon. It's beautiful but that's the only positive I can say about it.

I bet with the right buyer, someone with cash and want to get away from everyone and live in a small community.

Illinois would be the worst state to move to, they dont have a good credit rating.

I can't imagine being retired and having planned out my final years to ensure I would be safe only to discover that I'm now broke and unable to provide for myself.

The senior and elderly with portfolios are completely ignoring the rule-of-thumb to rebalance their investments to safer cashflows, and they will experience the largest redistribution of wealth for it. Even at their age, they are gambling on the stock market instead of moving towards a stable blue-chip, bonds, or t-bills. Their portfolios are too risky to live off of, and attempting to feast on their predecessors will come to bite them back hard.

luxury apartment is just code for the appliances and maybe veneer on the cabinets are made in the last 15 years instead of 20+

The quality drop is pretty bad. Even the one I'm living in has cost-cutting that isn't immediately apparent. The only thing going for it is that its concrete superstructure and insulation is thick, which makes it quiet. I can't say how reliable the appliances are, I won't live in it long enough to see if it has any longevity. Its security system is already falling apart after five years; some youth is using a neodymium magnet to break into the buildings. Turns out the keypads have no anti-tampering measures.

It wouldn't just be the retired, though. They would get hit the hardest because they wouldn't have any ability to earn more income. Everyone would suffer. I don't have a solid answer to this problem. On one hand, there's a need for more housing but on the other hand if a bunch of housing is constructed than the housing market will be depressed and everyone that already has a home will suffer. I don't know what to do and neither, does it seem, do governments.

The price increase indicates renovations

I'm from an area already known for meth, so I'm hoping in that sense it won't be too different from what I'm used to. Job security.
Profiting from the slow collapse of society seems to be one of the few ways to make do these days if you're not already wealthy.
Sucks man.

Here's another in a different part of Alberta. The roof looks a bit questionable but otherwise it seems in decent shape. And since it's so small maintenance would be simple and I cannot imagine replacing a roof on such a modest home would be very expensive. You could probably even do it yourself for just the cost of materials and tools or with the help of someone you hired from Craigslist.

I think Singapore does it right, especially given their circumstances. Most places have no incentive to be as efficient as they are though.

Prices are down. You are a shill. You are trying to get people to check so they might get the idea to buy a house. Your carrot on a stick trick is over. Everybody will know just this reply!

You can't fix it? They won't leave it to cause of that.

there is no universal pain-free answer because the current housing scheme was designed to make pulling out of the scheme painful
however, if nothing is done, then the bubble will pop all at once and everyone (but retirees especially) are going to be screwed
i think either society accepts sacrificing the bad real-estate investments (and thus hurting many homeowners) to reset the market or nothing happens until the market collapses

Out in the country in MN you can find great condition homes from like 130k on up but you'll live in the middle of nowhere

Oh and regarding old people's money - nursing homes and healthcare generally at least here in the USA are getting really good at extracting every bit of money from them. Even if you have nothing left you get put into a bottom of the barrel nursing home (most of them) and they get 95% of your medicare check. It's the backbone of the industry. If you have property and accounts and didn't put them in a trust a while ago then those entities get to suck up everything. Healthcare quality is getting worse year over year and it won't be long until it's soviet level at this rate outside of major urban centers. And then there's private equity.

What makes you think you're on some kind of will if they both die? You won't get the house.

this or since its so close to tax season I wouldn't doubt if it had something to do with reevaluating the property for taxes.

These MBS tranches (bought using QE) are held outright by the NYFed (NYFed acts as both note holder and MBS investor, multiple CUSIPs in each tranche, hundreds of properties in each CUSIP). If the mortgagor defaults (which 99% of them do/already have, which is why the NYFed bought them from their primary dealers in the first place), the deed then belongs to the Fed, who then either sits on the property (affecting housing values and skewing the housing market) or gives it to one of its triparty dealers to be rented (REITs) or to be picked over in foreclosure court. The NYFed now owns ~30% of all mortgaged homes, this was illegal before 2008.

The primary dealers that own the NYFed and the financial firms they choose to fund and that also make real estate purchases for the NYFed (i.e. BlackRock, Blackstone, Carlyle Group, American Homes 4 Rent) want to own all the properties, then the US government can become their customer through housing assistance; in this way, they form a closed loop of both supplier and customer, keeping the general public from owning any property, while profiting.

Under the guise of Covid, the NYFed and its ilk bought single family homes (MBS) and Commercial Mortgage-Backed Securities (CMBS), too, such as apartment buildings, trailer parks, nursing homes, offices, strip malls, warehouses, student housing, and RV parks and are keeping these real assets in their privately-incorporated LLCs (aka Special Purpose vehicles (SPVs)).

Update pic related to ~$2.4T

The purchase of these properties by the NYFed causes false scarcity and false demand, which drive up housing (and rental) prices and prevents young and upcoming families from buying, fixing up and investing in these properties, as well as stopping new families from putting down roots in a community.

Sucks man.

There is nowhere in a US city where everyone is well behaved. Some are just incapable of coexistence with a civilized society and that's where the last resorts have to be used if they willfully breach every barrier placed before them.

Hydrogen peroxide cleans up blood pretty well. Persil Oxy is good for clothing that peroxide would destroy. A little thing I learned in my EMT days.

It's the backbone of the industry

And then there's private equity

I can't help but think that the elder healthcare industry will be the new investment trust that will somehow even outpace a conventional residential or commercial REIT.

the mere act of offering a loan does that all on its own
the banks aren't involved in setting prices, they're just offering every retard 500k, and that means a house is worth 500k
lending is an expansion of the money supply, and 'economists' will proudly admit this when discussing GDP growth while denying it is in any way inflationary