>looking at my area on zillow>$230k for an 800 sq ft 2 bedroom 1 bath in a shitty part of town overrun with homeless surrounded by run down shacks>sold for $90k in 2018>almost tripled in "value" for no apparent reasonI remember a couple months ago everyone was saying a housing crash was imminent.>two more weeks!!>this is simply unsustainable, a correction MUST happen!!they said, every day, for months. Now nobody is saying that anymore. What changed?Has everyone finally just accepted that house prices are never coming down, boomers are never going to die, and line will go up forever?Did everyone finally realize the US housing market is so closely tied to basically every element of the economy that a crash would be globally catastrophic and the federal government would never allow it? As in, millennials who are waiting for home prices to drop would have much bigger problems if the crash ended up happening?
Even if home prices tanked by 25 percent and the interest rate went down to 3 percent, a home would still be a total scam versus renting and keeping money in the market. Unless my rich in-laws give us a down payment, I don’t give a fuck.
>measuring prices in a dying currency
>>61037628The value of my home which I bought in 2016 has gone from $260,000 to $700,000. And I pay less in mortgage than I would have paid in rent buy at least 50%, plus I get to live in a comfy house and don't have to go through the hassle of landlord inspections.
>>61037628>a home would still be a total scam versus rentinghow do people still believe this? imagine being a rentcuck your entire life.
>>61037642>dying currencylmfaoI bet you think BRICS is a threat to the US too, dumbassthe USD is the only currency that has ever mattered or will ever matter. denying this is the peak of retardation
>>61037682And my childhood home went from $100k in 1995 to $2m in 2025. But it’s still rare for a house to appreciate more than the market.>>61037695>how do people still believe this?Through elementary-level math and a calculator.
>>61037696The USD matters but is quickly becoming the new peso.
>>61037642thissomeone post the Weimar paper mark chart
>>61037682Keep it in mind as well that you probably locked in a mortgage rate of 2 percent, and it’s now 6.5 percent or so, which doesn’t make sense for current buyers. On top of that, $260k in the S&P 500 since 2016 would be $1 million now.
>>61037696House prices are lower now than 100 years ago, retard
>>61037738brutal truth nukeactually hard to believe
>>61037738so why is home ownership dropping for younger adultsavg home owner % in 1980 for 30 year olds was like 75%, its now like 25%
>>61037856Because the currency they get paid in is dying.
>>61037856Labor has lost value.Why do you think OnlyFans models make so much money compared to common workers? Selling literally anything will make you more money than working a wage slave job. It's over saturated.
