I do love how boomers, because of their calcified brains, just keep on dumping money into housing because it's a "safe investment". When they started buying housing in the 1970s, the land to structure value ratio was 1 : 4, now it's reversed and is like 3 :1 in the opposite direction. A $800,000 property has like $250,000 in the structure and the other $550,000 is the value of the land itself. But when you plug in the 1970s ratio it's like $70,000 for the land. And you can't say it's because land is scarce, because India is much more crowded and their land is worth fuck all. Housing prices here have crashed 30% in real terms since Covid and oblivious boomers STILL think "housing only goes up" and are dumping their remaining money into real estate. The only reason I think the prices have crashed to the degree they have is because a lot of boomers literally died off or ended up in the rocking chair.They apparently got traumatized by a stock market crash in the 1980s and since then have been risk adverse to any investment that isn't real estate. Which is fucking stupid. Real estate is literally a DEPRECIATING ASSET. How fucking retarded do you have to be to assume it'll just keep on doubling in value forever.A lot of the housing they're living in is completely fucked too. Old ladies that live from 65-85 functionally stop doing repairs in the last ten years of their life, so by the end you're just left with a moldy rotting mess.
>buy modest home for $125k in 2019>have over $200k in PMs in 2026If my home goes to $25k, that means others in the neighborhood are doing the same. I'll just buy more houses and rent them out.
I live in a house that requires two college graduate salaries. Even the most industrious beaner with a lawn care company can't afford to be my neighbor. I haven't heard Spanish in 6+ months unless it's from someone I have paid to be there to do something menial.I don't even remember what black people look like
The internet is filled with financially illiterate zoomers who don't understand what inflation is.>Inflation is down, then why are things still expensive>Housing prices have gone up through out all of human history, but in 2026 it's going stop going up because some brown incel on /pol/ said so
Even if the value of a boomer's house went up 2% a year, that doesn't offset the time and cost of mowing the lawn every week.
>>61928192historically it does go up, doesn't mean there aren't peaks and crashes
in my retarded fucking cunt, sPAIN, we are no longer building new buildings while importing millions of immigrants each year.i dont think housing prices are going down any time soon, theres infinite demand and zero supply.
>>61928265Those thirdies will, after a certain point, just not comply to western building standards and regulations, and start living in literal trailers and shacks on land. They're already compressing 6 of them into a bedroom like sardines, that'll just get worse. Already in Canada you're starting to see actual encampments being built on Public land, with the government basically giving up on clearing them. That's how the Brazilian Favelas got their start.
>>61928243>All of human historyWrong. Housing was fucking expensive in England in the 1500s, but in the 1600s it was as cheap as permission to join a charter to the New World. Housing was fucking expensive in the 1930s but post war saw housing go down thanks to mass housing projects. Prices fluctuate. Homes aren't any different.
>>61928281>indian favelas located on public streetsTrudeau will eventually be remembered as the grim reaper of canada. But he got a Freemason slave family out of it, so maybe it was worth it to him
>>61928192You can either play the game or keep whining about those that do and lose.
>>61928246Mowing is fun though
This is adjusted for inflation, London is so fucked lmao, turns out no one wants to live with foreigners
>>61928675Oh and you could see this as a good correction since gdp per capita has been stagnant for like 20 years so it is good that 20 years of growth in house prices has been wiped out (though gotta suck for the sellers that have held for a long time and have to pay capital gains tax when they havent earned anything in real terms lmao)
/biz only seethes at homes so much because of sour grapesany brown retard can download an app and buy $50 of a memecoin. but to buy a house you either need tons of cash or a good job and good credit. you can't buy $50 worth of housethe neets, jeets, and larpers of /biz/ are quite literally priced out
>>61928675That's just rich people fleeing UK because of new taxes or something
>>61928723Young people also hate the idea of being tied to one place. But by the time they move from one place to another about 10 times, they'll want to get off the rentie carousel and settle down with a nice house
>>61928736Zoomies can do math Boomer, owning a house is a crappy investment right now. My rent is cheaper than my insurance + property taxes + amortized interest and that's with a 150k downpayment (that most people don't have). I have that 150k in the market and it made 13% last year between equities and CDs/Bonds, houses in my area went up 0.7% yoy, they literally lost value relative to inflation.
>>61928766At the same time, you’re renting. What do you get in the end? A pat on the back? With buying you actually have something.
>>61928786His argument is that he "gets" the return on his investments that would otherwise be tied up in the house. It makes sense, but probably only applies in certain areas. At least where I live, mortgage payments are lower than rent.
>>61928240/thread
>>61928766>made 13% last yearAnd how much did rent go up? Substract that from your profits, retard. You will keep getting gradually priced out of renting every year. Renting never gets cheaper. Even when housing gets cheaper, renting somehow doesn't
>>61928731Obersturmführer Keir Starmer took office in july 2024, it was crashing well before that
>>61928835Supply and demand actually works on rents too
>>61928192Home prices aren't coming down, rates aren't either. You waited for a repeat of something isn't going to happen again
>>61928835>And how much did rent go up?So you acknowledge that i am making a profit relative to buying? I'm on a month to month lease, rents actually went down in my local area but I'm the retard still paying the same 2023 prices instead of leaving my rented duplex. Say how are your property taxes trending?>>61928786>At the same time, you’re renting. What do you get in the end? A pat on the back? With buying you actually have something.Have what a larger property taxes bill? Enjoy getting scammed by your local government for an "asset". I wonder how much loss the housing market will suffer with restricted immigration and millions of dying boomers whose heirs will dump their three houses onto the market. With renting, I have growth in my equities and CDs, if I realized just last years gains I'd have almost 20k for doing nothing, that's like double your salary.
>be me>the prophet has spoken>life is meaningless without Keys and Za>mortgage? eternal debt? irrelevant>what matters is holding the sacred ring of Keys in one hand and the greasy Disc of Za in the other>ancestors built cathedrals, empires, dynasties>I will build equity… maybe… after 27 years of payments>but today I ascend, for today I post Keys and Za on plebbit>thousands of upvotes, dopamine sacrament, communion in tomato sauce>I am complete, I am saved, I am His disciplehail Keys, all hail Za
>>61928192Sounds like cope. I got a house 2 years ago with zero down payment, and a mortgage with $150 lower monthly payments than I used to rent a shitty studio for. 2.15% APR. Feels comfy, I already built up almost 100k in equity by paying less than rent.
OP has no idea what he is talking about.First off, the boomers who were invested in stocks made bank in the 1980s, even though there was that short lived crash in 87. it was the dot.com bubble crash in 2001 that spooked them.Secondly, the tax benefits of real estate are significant and the leverage is key.>buy $500,000 house>put $50k cash in as DP>house goes up in value by 5% every year.>pay $30k every year in PITI>year 1 ~RoC = 31%>at the end of ten years, home value is $825k>you have put $350k into it>all of your interest was tax deductable> so over 10 years, you saved ~$40k in taxes>10 year return on cash is 104%>you also got to live in it, so didn't pay rent>10 years of rent at avg $3000/month = $360,000>Adjusted 10 yr RoC = 207%And if you sell it, the proceeds are tax free, increasing the value of the investment at sale by 30% or more.Now do it as an investment:>$350k rental house = 20% DP = $70k cash>assume net even cash flow year 1; rents increase 5%/yr, so rent 2400/mo Year 1>costs stay relatively stable year over year (mortgage stays the same, but Insurance; taxes; repairs increase 5%/yr>yr 2: rent = $2520; costs = $2441>yr 2 cashflow = +$950>end of yr 2 value = $385,875>RoC = 52%>yr 10 rent = $3900/month>yr 10 expenses = $2900/mo>yr 10 value = $570k>cumulative 10 year cashflow (income) = $60,000 (tax deferred bc of "depreciation")>Loan principal paid by renters = $70,000>10 year total return = $350k>10 yr RoC = 500%>if you sell, about 50% of proceeds will be taxed at a reduced LT Capital Gains rate, netting you an additional $17k
>>61928675You can literally found a "clean streets" party and gather the hearts of millions of voters. No left, no right, just genocide.
>>61928192These rent shills are just communists shilling for their WEF/Mosiach agenda>you will own nothing and be happyWhat a (((coincidence))) that this fits one of the requirements for the jewish antichrist to come.Cope you filthy whore and write you rent threads while I invite your mother to come over. No you are not allowed to do the same since your landLORD doesn't allow people to come over. Kek.
