https://abcnews.com/Business/sellers-pulling-homes-off-market-matters/story?id=133589051and I hate boomers
>>536790413Why they pull them off the market?
>>536790650no buyers, this tactic isn't going to work in the long run but it puts unnecessary pressure on the market right now
>>536790650Small supply will increase priceSell later for even moreAt least ze Boomer thinks so
>>536790413Property taxes are getting reassessed and more than doubling in many areas. Shits gonna get way worse
>>536790413just like how we have mormon mafia, we have landlords mafia, and since it's done with 'legal' loopholes, it's okit's why we need a new system, the modern hyper capitalism won't work
>>536790650They'd rather hold onto it for the promise of selling it at a high price later than admit that to sell a house now the price has to drop because no one can afford it. The flaw in this thinking is that the problem is that the buyers are unwilling to pay a higher price for the homes and that its the buyer side of this equation that has to catch up, not that the house prices are too high and the market is overdue to correct itself downward.
>>536790413doesnt matter. boomers are all gonna die. if mass immigration is stopped then housing becomes affordable with the great die offif mass immigration is not stopped then housing does not become affordable and you compete with indians who are willing to live 8 to a houseall of that said if you are able to get a remote job, its quite easy to find very affordable homes in the middle of nowhere. not ghetto. not unsafe. deep country life. BUT you cannot do that if you are single. you have to get a woman first or you will die alone out theret. millennial who scooped up a zoomette, got engaged and is buying a farm in the middle of nowhere on the cheap while i work a remote jobi will report back later
>>536790752>>536790790Or maybe because they don't want to pay their realtors anymore since they don't sell?
>>536790650Because they're dumb as fuck and don't realize you can see when things are listed/delisted.
>>53679041330year mortgage lock in means they can sit on it and wait. Places without that is seeing their real estate market fall. Like New Zealand and Australia.
>>536791267Thats a factor, sure, but one that only exists because the houses can't sell at the current listed price. The realtor fees are not, themselves, the problem.
>>536790413There's still many inexpensive places in the US like Syracuse NY. There's no inexpensive places here except small towns in Quebec even Nova Scotia the prices went up because chinks buying up foreign properties to launder embezzled commie money
>>536791267Realtors typically only get paid once they close the sale.
>>536790413Never? What happens when the boomers die off and our population goes down by a third? What about when all the companies give in and switch to 90% remote work, what happens to all that office space?It will be abandoned or converted / sold as extremely cheap housing, thats what. This can't go on much longer
Why do miggers hate affordable homes? Is it the jew cum in their anus?
>>536791535And millions of robis doing many manufacturing jobs, automated AI farming etc
Trying to rent it instead. It won't work, either, since they'll charge 4k/mo.
>>536791412>chinksStop beinv a gullible retard, american billionaires and trusts are buying Canada, not chinks lol.Walmart bought 1,500,000 acres in BC recently, look it up and you'll see millions of more acres bought up by ZOG in the last 5 years.
There was a big fucking Iron door that closed shut around covid. Those who got through it were people with $1m+ dollars net worth.That's the start of the K-shaped economy. You were either past the finish line at that moment, or you were forever locked out.Sure, there's some mobility for a tiny percentage of people. But by and large, the door slammed on everyone who wasn't in the investment/ownership class before then.If you were, you've seen 100% investment growth in just 4 years. You now have the financial power to buy those properties that others will struggle for for 30 years.The trick in this society is that you have to have money to make money anymore. There's almost no other way to do it. Even if you're making a GREAT salary of $180k a year, you're going to save, what? Maybe 15% of that? If you've got a mortgage, cars, a family, regular expenses. Inflation is making even that great salary seem pretty pedestrian.Now let's say you had $1m in the market. Many people made more than 20% last year. So they saw $200k appear out of nowhere. They out-earned you by simply being richer than you to begin with. And they didn't have to spend 80% of that money on living. It's just money on top of money.And now it's 100% going back into compound interest. They get dividends too. And a LOT of people made more than 20% last year.And even in this absolute trash economy right now, those same people will make probably 10% minimum this year. Meaning they'll get $120k to add to their pile while you work 40hrs a week and struggle just to make that much.And that's only the people with just $1m. Imagine how fucking easy life is if you had $10m, or $100m.It's a fucking joke. The doors closed. And most of us are on the other side.
>>536791535>two more weeks
>>536791535>what happens?!What happens is they just keep replacing you with third worlders until you are gone.Almost there. People are so fucking naive lol
>be boomer or Gen-X homeowner>get a COVID-era 2-3% interest rate on a house (either through a buy, or a refinance)>absolutely under no pressure to sell due to your house payment being historically low>perhaps even saw some 2021-2022 level prices and didn't sell then, but those set your expectations tooOf course they're going to want to sell at an obscene price, especially if they want to use the money to fund a down payment on a new house in the case of the younger Gen-Xers, or downsizing + profit taking for a nest egg in the case of boomers. They already have a great deal, they aren't going to give it up out of the goodness of their hearts. They want something to make it worth their while, especially if they're buying back in at a 7% interest rate. They want their existing house to sell high enough to either allow them to pay in cash for a new one, or have a mortgage that's next to nothing.Some snotty Millennial complaining about the price being too high is inconsequential to them. If they won't buy it, as far as the homeowner is concerned they can kick rocks. It's not like they're under the gun to dump a house with a smoking hot interest rate they'll never see again. At that point it makes more financial sense to just sit on the existing house.
Why do older gens keep selling homes instead of keeping them for their children?
>>536790650They know what they got.
>>536791882They actually discovered recently that Biden gave a buncha these loans to foreign H1Bs
>>536791970They're broke and the carrying cost is kicking their ass. The best part is that means they're trying to downsize, which puts them into competition with people trying to buy a home for the first time.
>>536790413Houses in a town I'm trying to buy in are about $800k. There's a house I like in a cul de sac that needs major renovation, like $200k worth and is for sale by owner. I talked to the guy, who's in his 80s and bought the house in 1968 for about $15k. He wants the same price that perfect condition houses are going for. I offered him $600k and close in 30 days. He said the lowest he would go was $790k. He pulled out a little pamphlet that showed all of the houses near him that sold for $800k. I tried to explain to him that every room in his house needs to be remodeled and the exterior needs roof, siding, windows etc. Boomers are greedy fucks.
>>536790413>>536790413Largest cohort of homeowners is 55+, and the older end of that will be forced to sell within the next 5 years as they must liquidate their assets to receive Medicaid to support their end-of-life care, including nursing homes (10-20k/month) and hospice.Most of them probably think they can just transfer the house to their kid or sell, but Medicaid has a 5 year look-back period and that asset will count against them.Thousands more houses will come on the market and it'll become fire-sale territory in the next few years.
Think of all the copper ripe from the taking, you think some geriatric fuck is gonna stop you? Better yet just wait until they are forced to sell it when they need to move into a nursing home
>>536790413Uhh...the market will eventually force these prices down>They can just rent them outNope, renting requires different insurances. My city is full of people with second homes for rent and stupid high prices because they can't afford to lower them and no one wants them.Eventually the hand of the market will crash the deck
>>536791559It's because their whole identity is wrapped up in tribalism so they don't actually care about what happens to their own lives & the world around them as long as red team has one over blue team. Miggers are mentally the same as sports ball fans.
>>536790650Because they can't print hundreds of thousands of dollars out of thin air. Everyone wants to sell their shitty old house and pocket 500k+ then move to an affordable white state.
>>536791412They are inexpensive because there are no jobs that pay decently or consistently.
>>536791559Because falling home prices leads to credit contraction. jews cannot have that
>>536792194Everyone has that same idea, "I'll just rent it out".Well, you're competing against thousands of other apartment units, many of which were built less than 5 years ago, include amenities like gyms and pools, and updated appliances.The cheapo airbnb rehab job you did isn't going to compete against even a mid-range 3 br apartment with walking access to coffee and restaurants.
>>536790650>Why they pull them off the market?because they can. Because even people who overpaid during COVID did so at a 2% mortgage, and a lot of the people who had previous mortgages refinanced into those rates as well. They can hold on to the properties without expending too much cash flow. For it to change, the cash flow side needs to change, usually job losses cause that. Without mass job losses the slow natural attrition of people dying, getting divorced, and having to move for work will need to be what brings the prices down. The wildcard is the government letting millions more foreigners in and giving them assistance to buy to "stabilize" the market.
>>536791936>goneEven if things keep going as they have been, that's gonna take a long long time and will probably require some kind of anti-white extermination bio-weapon virus. Even in Brazil, there are large minorities and enclaves of white people who just refuse to join the brown blob.What might happen is we lose the majority. But artificial wombs and menstruation slowers could let regretful spinsters and gays have kids soon and prevent more population shrinkage, at least for middle class and wealthier people.>>536791883More like 2 more decades. It's ok to make predictions about the future
>>536790650Boomers and corporations bought all the available housing when the market skyrocketed after Covid planning to become gorillionaires by either Airbnb’ing them or flipping them for easy profit, not understanding that the only people who can afford housing when the market is so inflated are other boomers. Now in order to keep value/prices high they are pulling them off the market to reduce the supply, and will plan to relist when the economy improves. It will work at least temporarily.
>>536792095Theres going to be a lot of insurance fraud with the help of some Jewish lightning after these stubborn boomers realize theyre going to be forced to sell at a loss. These jew adjacent boomers will cheat the system before losing their nest eggs.
>>536792479And, boomers don't understand anyone with an internet connection can see when the house was listed/de-listed and still isn't going to pay inflated costs 5 years from now.
>>536790413Hear me out: Property tax for anything except for primary home.
The secret is to just wait. The boomers have an approaching expiration date. Once they start hitting it more and more of their houses are going to hit the market. Once they start flooding in housing price will have to capitulation. Despite what the boomers try they will finally lose.
>>536790992Hes full of shit though. He let people speculate on them for decades until the market crashed and that would not work any more. Only then did he come out against it.
>>536790413overpay for the shitty 2 bedroom townhome now, underpay for the mcmansion later
>>536791535Remote work is dead. If you aren't in a talent agglomeration zone and aren't senior management, you're not getting a remote job because there's a jeet, spic, or eurotrash contractor who can do the job for less than $75k ($57k pre Trump's coof print).
>>536792655Some people have hundreds of acres on their primary property. Counties would go bankrupt if property tax on primary homes disappeared. Also it would cause a push into rural areas because people would scramble to get bigger properties with zero tax.
>>536792559Insurance companies are already tightening the purse strings on insurance payouts as it is now. I mean, more than they usually do. Those boomers are going to get caught with a pile of ashes and a 5 figure bill they need to pay to clear the lot in order to sell if they do that lol.
>>536791970To afford end of life care, since Medicare and their kids (whose economic prospects they rekt over the last 25-30 years) don't cut it. Or to swap houses with another rich boomer, but that's not the case in rural shitholes.
>>536792970Boomers just want everyone else to foot the last bill they have to pay
>>536790650No one is biting at these prices. I'm seeing prices getting cut out here in California, which is rare. I've been seeing so huge discounts too, like 40% plus on rural stuff, and still no one is touching it. We need a ~50% cut in prices to even get close to reality.
>>536792970people who own that kind of acreage in rural areas generally have some kind of ag business going, enough to get ag valuation on the acreage. They aren't paying in-town property tax rates on that part, only the part they live in which is usually the house plus some tiny piece like an acre. There should be some property tax, even on people's primary residences, but it needs to be lower for people who are owner occupiers of a normal non-luxury house, it's 5 figures for many non-rich people at this point.
>>536792660>The secret is to just wait. The boomers have an approaching expiration date. Once they start hitting it more and more of their houses are going to hit the market. Once they start flooding in housing price will have to capitulation. Despite what the boomers try they will finally lose.the government is going to "assist" foreigners (H1b's, "refugees", and yes straight up illegals) with paying full price fren. Would keep prices stabilized (high) and also entrap the foriegners with non-chargeable gov backed debt for the rest of their lives.
>>536793439My parents own a place in California, they pay ~$10k/yr in property taxes, the road it's on has never once been paved in the 40+ years they have owned it.
>>536792853In your mind it should still be the 2019 pricing you turned down then but wish still existed. Even if you somehow found a seller at that price I could still rent you one with profit for half what your mortgage payment would be if I wanted because I bought it in cash in 2008 when houses and townhomes cost $20,000. Why the fuck would I want to sell? Pay me.
>>536793656>non-chargeablenon-dischargeable I meant
>>536793665sounds about right from what I've read lots of more rural california people say, saw some youtube video about a guy who basically owned a town in very rural norcal (Cecilville) saying they are so remote they get absolutely nothing from the state yet pay exorbitant taxes. Unlike some on here I'm not going to say something dumb like "deserve it for living in California", rural california is very nice and the people are very conservative they need to break away from the rest of the state and let the libshits live in their Mexico 2.0 paradise. Some of the towns with the most small town Americana feels I've ever been through are in rural California.
The situation is so fucked up. The fact that owning a home has become a dream rather than a concrete reality is just retarded. And I'm not even talking houses but also town homes and condos are insane. We are all genuinely cooked with no solution in sight. I don't think even emigrating out of US will help because the rest of the world is just as cooked or more.
>>536793898Bro, I make ~$40/hr out here, no kids, no debt, no gf/wife, and I'd be homeless if I didn't have family to live with. There is literally nothing to buy under $400k. And on the taxes, I'd bet >40% of my labor makes it back to the State in on tax/fee/permit/license.
>lol
>>536793932>I don't think even emigrating out of US will help because the rest of the world is just as cooked or more.there are places where cost of living is far more affordable, you could live out of pretty nice hotels in Vietnam off social security alone. Anglosphere and western europe are pretty fucked though.
>>536794109that's wild, how far from a major city are you? On the tax and permit and fee shit yeah that sucks I grew up in a very high tax/fee east coast lefty state and was having to set my state income tax exemptions to zero and still cut a big check at tax time because as a single man who wasn't a holocaust victim (seriously, this was in the tax code) I had to pay the most. Left years ago, went to Texas, which has a bunch of problems don't get me wrong, but not paying fucking income tax all these years has saved me six figures.
>>536791962This. Only reason I was able to buy my house for significantly less than what the boomers who were selling asked for was because it had already been on the market for like 6 months, they had already signed the papers for the condo they were downsizing to, and so they had no real choice.Other than a situation like that, or a boomer dying and the family just wanted to sell the house ASAP and not deal with it, youre not gonna find any deals. And youre still gonna be raped with 7% interest rates
>>536791535It all gets turned into Airbnbs at best and migrant hives at worst. You get nothing.
>>536791970Because theyre selfish cunts. In extreme cases they'll even do reverse mortgages or sell their house outright and permanently live on cruise ships for the rest of their lives, leaving absolutely nothing for the kids.The other thing is that the ones who wish to downsize don't bother doing so until their kids are too old. Like if your kids are already in their 40s or over, they've already suffered through the hell of being a broke young adult. They probably already bought a house by that point. So theres no point inheriting a second house, might as well just liquidate
>>536795340>raped with 7% interest rates7% is the historically average mortgage rate. A huge part of our problems stem from the 10 plus years of interest rate repression that was done to socialize the losses from the '08 crisis. It's the root reason why everything is so expensive.
>>536794493SF is like a hour away. You need to go 3+ hours to get anything in the $300k range. There is no commuting from a lower cost area anymore. www.redfin.com/CA/Redding/2351-Eureka-Way-96001/unit-A-B/home/185459914
>>536794493>exemptions to zero and still cut a big check at tax time because as a single man who wasn't a holocaust victimIt's so extremely fucked. People like us use near zero resources, yet we pay for everything. I did the same, and still owed ~$1000 even after paying ~$18k in income taxes last year.
>>536791095The mass financialization is a disaster that nearly consumed the world. Hilariously it was leading straight towards soviet style communism, maybe by design considering all the trotskyite jews involved. Tried to get their communism in the other way. What we need is direct ownership - financial equity - (NOT the racial employment bullshit they tried to equate it with) for employees and citizens in the economy. This is the bleach to the black mold that is the jew. Douglas Social Credit (another term they tried to shit all over).
>>536792660That won't work. First of all it will still be 20+ years for most of the boomer cohort to die. If you're happy not owning anything until youre in your 50s, then I guess you can do that. But.more importantly, even if there's a massive contraction in the real estate market, YOU WILL NOT BE ABLE TO CAPITALIZE ON IT.If the housing market crashes, the whole economy goes with it. See 2008. Interest rates will skyrocket and banks won't be willing to lend. The housing prices being reduced by 20% won't mean jack shit where you still can't buy in cash and the banks still won't approve your mortgage, or the mortgage rate will be so high that its like the sticker price didn't actually go down at all. And meanwhile the economy will be fucked, all your stocks/assets will be fucked, the job market will be fucked, you will be fuckedThe whole system is set up so that the younger generations will never ever be able to afford homes. Not now, not if they wait and try to save money, and certainly not if there's a housing market crash
>>536790413>>536790650>Article: "Sellers have opted to wait for a friendlier market."> Translation: Sellers are refusing to accept that their 2022 Zillow estimate was a pandemic-fueled hallucination. They are going to hoard the empty asset and wait for the Federal Reserve to drop rates and print more fiat currency to re-inflate the bubble.
>>536790413Boomers make the worst clients They'll disagree with your valuation Demand it gets listed for their dream amount House never sells or is listed for years
>>536796715kek, its the same as trying to tell a post-wall washed up roastie that her expectations of needing a gigachad are unreasonable, and then she lashes out in her delusion
>>536792823He wasn't even in power when that shit started retard.
>>536790413>I paid $10,000 for this house in 1972 and haven't upgraded or even maintained it much and you are going to give me $600,000 for it and not one dime less!lol, I'll wait till you die.
>looking at a mobile home in a quiet coastal town, nice area, 99% white>$130k>look at pricing history>place was $49k a decade ago>literally every non mobile home on the market is at least $250k starting>even blown out shitholes that look like they need to be torn down first>the only places with lots of cheap housing is, of course, inner city shitholes surrounded by the criminal element>mfw my parents bought a 3 bedroom 2 bathroom house in a nice suburb with a fenced in backyard and finished basement AND attic in 1990 for the equivalent of $90k todayplease tell me this shit is crashing soon
>>536793164Crazy how expensive even more interior places are there like Paso Robles or even Bakersfield. Whenever someone's a non boomer/silent gen and has a fairly nice home in CA it seems like it's nearly always a husband and wife who both have government jobs. Hmmm....
>>536797178Shut the fuck up jeet
>>536796223In 2008-2011 a lot of those homes, at least in my state, were never put on the market by banks. Some were sold in huge portfolios at steep discounts but you had to buy like 30 homes at once. Wow, (((who's))) able to secure the financing for that in a major recession? There were people going to banks trying to put in offers for like 85-90% of market price for homes that were just vacant for a year or more and then they'd go and sell them in some huge portfolio for like 30+% off.
>>536795858Last time I was in SF was close to 10 years ago and people were commuting in from Sacramento already at that point. Redding is basically middle of nowhere, that is wild.>>536796099>People like us use near zero resources, yet we pay for everythingyup always hated that. Why do I have to pay for some kid to go to school, I didn't get to fuck their mom
>>536798369Exactly, no matter what happens the house always wins. And by house I mean kikes."just wait, bro!" is not going to work. The only way we're ever getting affordable housing is if theres a true bona fide revolution
>>536797458>I'll wait till you die.Sorry fren that house is going to a disadvantaged minority asylum seeking refugee. Thanks to government down payment assistance and loan guarantee they are a safer borrower. They also get a stipend to return home once a year to visit family and assist them with their chain migration visa applications.
>>536790413this is why the coof being real would have actually been a good thing
>>536792392Yeah it just needs more pain and more time. Foreclosures continue to tick up
>>536790650Nobody can afford these houses even if there is no supply and it's the only choice except investors who have to play hot potato with other investors.
>>536790413I'll tell you why they are being told to pull them from the market and sit on them.Because a crash is coming. Everyone knows it.And these fuckers didn't read the small / fine print. The mortgage holder can "call" that loan anytime they want. Some have a buffer in there, 90 days or so.But the reality is the "bank" can call in that loan and when you can't pay they seize it AND they will take what equity is in it and charge against it for their "feees" and trouble for taking back their shit (because if you didn't pay it off, the bank AND the city own that property), Its reality.The big reset WILL have millions of people owning nothing.They won't have to leave, though. They can just start paying rent to the same bank and no one has to know any different. Your secret is safe with the jewish banks.Go read your terms and conditions, faggots. You're in trouble.
>>536796223This isn’t true. Everyone I know bought houses in ‘09 and ‘10. Banks were selling all the foreclosures at a loss just to get them off the books and the govt was offering a 10k tax credit to first time homebuyers. Interest rates were kinda high but all you do is refinance after a few years when shit gets better. All the useless white collar types suffered because they work fake jewish nonessential jobs, but the trades never slowed down during the “great recession.” Everyone in the trades (outside of a couple specific ones like oil) was nigger rich during that time, shit was actually affordable.
>>536790413Skill issue
>>536799133That's actually mind blowing that that's legal
>>536798448>Why do I have to pay for some kid to go to schoolGet this, boomers out here are trying to get out of paying for the schools with a 65 and old exemption. The schools are mostly Mexicans btw, that boomers let in.
>>5367957317 was kind of the upper limit.. For people with below average "credit".
>back in the 60s and 70s, you could buy a house, car and support a family on just one income from a basic office job>now you need to be making like 3x minimum wage just to support yourself in a 1-bed apartment>boomers just continue to cry that the younger generations aren't working hard enough
>>536792970Good.Fuck those counties.They lived beyond their means.Its coming either way/
>>536799234>just go live in the middle of bumfuck america with no jobs and no women bruhNO
>>536798448>Redding is basically middle of nowhere, that is wild$3k/mo for the rest of your life to live in a shack in fucking Redding. You'd be lucking to even make $3k/mo in Redding.
>>536793726then they leave the country leaving the debt behind.Get with the times kike.
>>536792970>Counties would go bankruptI accept your offer.
>>536799575It's because the government is paying a lot of people's rent, think GI Bill, I actually gdt higher living income for going to school in a higher income school zip code but ((banks)) took all the extra income from making the commute to other cities where in the income is based on schools.
>>536790413There should be limit on how much property you can buy with money. It's retarded that two groups are buying all the houses.
>>536792136Guy won’t accept my jewed lowball offer, he is a greedy fuck. Act White
>>536790650Double taxes on 2nd homes like they're doing in Scotland, suddenly the pensioners with Airbnb's and holiday homes are desperate to shift them on the market.
>>536798719As they appear to have discovered in the UK recently, houses are flammable.
>>536799133>>536799293Wouldn't be surprising if there was some clause like that, probably if the value drops by like 20% or more of the appraisal given at time of financing? Not only that but aside from the Fed/banks causing these thing that they can profit by they probably have the right to get several appraisals and pick whichever is the lowest. They'll have Bergstein out there giving whatever low appraisal they'll require.
>>536791172It’s a fundamental mindset problem with real estate. Sure, the odds are high that it will increase in value if you hold it 20-40 years…but many people bought shit 4 years ago above asking and refuse to accept that in a 4 year period the price can go down. It’s the same with playing the market. Over 30 years you never lose, but you can definitely lose over 5.
>>536800571California just made itself 1st in line to buy any bankruptcies as well. Can't let property values, and with it, property taxes, fall. Nope. It's just not going to happen. You will have nothing, and like it.
>>536791412Syracuse home prices are going to spike once the Micron plant is up and running. My father is a retired finance manager so playing with money is fun hobby to him. He's been monitoring this for a while so he can sell at the perfect time.
>>536797254He has been in power for 16 years you absolute lying nigger
>>536799568It's a good price for retired people.
>>536791774Not to mention their shit has like 50 year old kitchens and 30 year old carpet. I can spot a boomer rental listing from a mile away, they also sit in available for months on end. Makes me lmao.
>>536799608>then they leave the country leaving the debt behind.the ones who do that tend to be the more low end renting mexican laborer types. They send money back to their village in Oaxaca and then one day disappear back to it taking their $100k truck they financed across the border with them
>>536792095Spot on. See this with my dad right now, dude is looking for a roommate after replacing his windows lmao. Told him to just sell and get an apartment, but this is all the older Gen X have left.
>>536799407Silent gen pushed for that where I grew up. It became a retirement town and they had very expensive homes but all the schools had hardly any funding, like border town levels of funding or worse. They couldn't even usually buy scratch paper for math classes, they'd go beg local businesses to have separate recycling bins to put used paper in that didn't have sensitive info on it so we could use it. They also had the nastiest-smelling soap in the bathrooms. Meanwhile there were tons of 65-90 year olds who were driving around in brand new German cars and eating nearly every meal at restaurants. That town is just sad and tacky now. Also they just imported a bunch of Mexicans to drive nearly an hour into town to do all the jobs since it became impossible to live there for younger people.I looked up some of my old school's in reviews and they're all like 1/10 or 2/10 and it's wild what parents write. They're in very nice neighborhoods but it sounds like there's even worse funding issues. That town used to be so cozy.
>>536799133>>536799293It is legal, however only in the manners outlined in your mortgage contract. Most will have limitations and will plainly state "as long as you are paying on time and not behind we cannot call unless you sell your house." If your contract doesn't say that and you still sign it, you're a retard because you just signed a contract saying your bank can take your house from you at any time for no reason.
Theres going to be a million immigrants per month soon. Housing prices will double again in the next 5 years.
>>536790413They will bulldoze and rezone residential areas rather than allow real estate prices to fallMillionaires became billionaires hindreds of time over at our direct expense. And they're still not satiafied.
>>536790650They are all in cahoots with their real estate agents using monopoly tools to manipulate the price by working in tandem. Its like how all the WEF goons worked in lock step during the lockdowns.
>>536792140>they must liquidate their assets to receive Medicaid to support their end-of-life care, including nursing homes (10-20k/month) and hospice.Most just buy cruise tickets and casino chips until they get medicaid. If there is any left they'll just wire it to israel.
>>536800887You can't expect the /leftypol/ rejects who shill for him to know that, that's longer than they have been alive.
>>536790790the only people buying are those with home anyway so this is going to have zero effectlet the boomers rot in their giant, empty homes while their kids die of fentanyl in the streets.we need a hard reset anyway.
>>536792140>Largest cohort of homeowners is 55+, and the older end of that will be forced to sell within the next 5 years as they must liquidate their assets to receive Medicaid to support their end-of-life care, including nursing homes (10-20k/month) and hospice.There is an entire legal industry around setting up trusts for the boomers to put their assets in so they qualify for medicaid. In case you didn't know.
We should be increasing property tax.
>>536790413Affordability is a democrat hoax. This owns the libs.
>>536791095Curious
>>536797458>lol, I'll wait till you die.Blackrock already closed on it.
>>536801952This is why the people should fight for increased property tax at a progressive rate after the first home. Each home adds 10% to total property tax burden up to a cap of 50%.
>Wanting to own a home in the west
>>536799568>muh jobs!Reminder that the median household income for NYC is lower than the national averageEnjoy that exposed brick, brokeboy
>>536792823The CCP actually practice a closer form of free market capitalism. Just dont embarrass the party or cause them problems. His response is just him calling speculators retarded and letting them eat dirt. I cant remember if they got involved in the aftermath and either nationalize the bankrupt companies or had a hand in finding a buyer.
>>536799862Don't forget 4x on the third, 8x on the fourth, etc.
>>536802060A better scale would be all residencies other than the primary are taxed as (base + number of addition residencies%). If someone owns a property and then later in life buys a new home and rents out the old one that's largely fine and they can afford to pay the extra 1%. What you want to deter are slumlords or large companies speculating on land and purchasing hundreds or thousands of units. It should be prohibitively expensive to own more than a few pieces of property and not economical to hold land you aren't using. Land is the one thing they're not making an more of, and it's also something everyone needs. There has to be mechanisms to make sure it's recycled back into the market for new buyers.
>>536802233Holy shit, it's true for both household income and individual. Cityfags BTFO.
>>536797724>for the equivalent of $90k todayThey bought that house for 20k? wtf
>>536790650>Why they pull them off the market?Because they don't have any money.Sounds counterintuitive, but a lot of these people have been barely hanging on these last few years and have gotten themselves in quite a bit of debt. Selling their house only looks appealing if they can make enough on the sale to get themselves out of debt and literally buy themselves a bit of breathing room. If they can't do that, then selling looks less appealing; still have crushing debt, but now no house and no hope of getting out. Pulling the house from the market gives them the impression that it might get better when/if they can just keep barely holding on for a bit later when they might get that extra amount in sales price.More than likely though, they will be further in debt and the house will be worth less.
>>536790650boomers think they're immortal
>32 living with parents>$60,000 in savings from last job (laid me off 9 months ago)>was sleeping 5 hours a night waking up at 4:46 a.m. to work in a factory>rosin flux fucked my sinuses>dick barely worked for a while>couldn't stand wagecucking>ex-gf dumped me for going back to college instead of wagecucking more>only was making $25 an hour at the end>want to buy a small home, have basically no standards>other than not paying a fucking 458 dollar a month HOA fee>friend has a trailer like that he got for 65k>everything around me starts at 150k but it's rentoid bullshit>actual houses start at 350k>keep waiting for LE EPIC CRASH that will never come>have job interview for basically my old job, including starting at fucking 6 a.m. for some reason>probably won't even go, but I'll text my ex-gf first and see if she wants to fuck again, on the 0.001% chance we get back together I would go back to wagecucking and rentcuck with her>otherwise, fuck it, I am NEETing til I die, or living in a tent
>>536790790>Sell later for even morego fucking who? No one can afford them at current price.The simple thing is to ban people from treating houses like an investment or just tax the fucking land.
>>536791992LOWBALLERS WILL BE SHOT
>>536802582Cityfags are INCREDIBLY poor.On top of that, such a lifestyle lends itself to being nothing but consoooooomers who do literally nothing but work, go to bars with $50 drinks, and watch Netflix
>>536801873Yeah there’s a group REALLY invested in diverting attention from jews to mormons. Mormons can and absolutely do cause their own problems but it’s always the same thing these days…
>>536800669Any gains they make from inflation gets eaten away by taxes and maintenance, or it loses value being left to rot. I think housing will suffer from stagflation since they are not that liquid.
>>536802692>the house will be worth less.This is why you should leave cans of spray paint and scatter bricks around places with empty homes. Maybe there's a market for an app that lets squatters see what homes are empty and which are claimed, charge a $10 monthly fee for access to which houses were on the market in the last 6 months and are likely empty.
>>536790413>and I hate boomersYou clearly don't know have the most basic concept of how the world works if you think boomers, as a whole, are a problem. Not only do you not know shit you're denying what you're eyes are seeing. Is the CEO of Blackrock a boomer and are all boomers CEOs of the large financial institutions capturing the regulatory boards in order to legislate their goals? You're a dumb bitch for falling for the "blame your middle class neighbor because they're boomers" shit. Politics doesn't matter unless you're funding political campaigns. Jared Kushner isn't a boomer. Hunter Biden isn't a boomer. None of the faggot streamers filling your head with garbage are boomers. Your teachers aren't boomers. The cops aren't boomers. The average politician isn't a boomer. The entire generational warfare shit to redirect blame on to boomers/genx/millennials/zoomers/etc instead of the very few wealthy people controlling the economy is 100% a kiked psyop. >By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. - John Maynard Keynes https://archive.org/details/a-history-of-central-banking-and-the-enslavement-of-mankind-pdfdrive
I thought Trump was going to fix the housing market? are most people waiting for the great boomer die off or something else?
>>536791970>Why do older gens keep selling homes instead of keeping them for their children?Niggers and browns.They bought their houses back when this country wasn't so ethically diverse and the neighborhoods weren't mixed.Nobody wants to retire in a neighborhood full of noise, smell, crime retardedness. So they sell and move to somewhere away from all that bullshit.
>>536790413Why could the boomers buy a house for $10k, but houses now are $500k? Because The Jews transfer wealth to themselves through inflation by the Federal Reserve printing $trillions. Imagine that you have a machine that can print endless amounts of $100 bills. >Print $500k then go buy a house>Now you own this house.>Repeat. >Soon you own the whole neighborhood>Repeat for decades. >Own 100,000's of houses>Rent house to goyim>You collect 50% of the goyim's paycheck>You own 50% of the goyim's labor>goyim must rent foreverHousing prices are now astronomical and ordinary people can't afford to buy. Vast numbers of goyim now work for you in virtual slavery. This is wealth transfer from the citizens to the Jews who own the central banks that print money. Enslavement through central banking.>By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. - John Maynard Keynes https://archive.org/details/a-history-of-central-banking-and-the-enslavement-of-mankind-pdfdrive https://archive.org/details/secretsofthetemplehowthefederalreserverunsthecountryThe Creature From Jekyll Island.pdfhttps://archive.org/details/pdfy--Pori1NL6fKm2SnY
>>536802980You sounds like you're jewish.
>>536790413these shrewd investors know they can pull their assets off the market and lay back. Rates will go down and that will only return even higher profits. Rentoids btfo housing investor chads stay winning.
>>536803170oyyyyyyy veeeeyyyyyyyyyyyyyyyy
>>536803327Lol, they'll probably die before they relist and their kids will sell for peanuts to buy luxury goy slop.
>>536797724>bought a house with a run down pool right before covid for 300k in an all white neighborhood>used my covid bucks to fix the pool>a house half the size down the street just hit the market for 550kim never moving. i locked in my intrest rate at 2.65% and i couldn't afford to live in my own neighborhood if i sold it for double. shit happens fucking fast.
>houses never sell bla blaselling my house, it was on the market before boomers made a cash offer in 3 days for the same price bought in 2023. going to blow a good 50-100k fucking off to europe and asia for a year or 2. may buy a house or flat in ukraine or russia kek. enjoy holding the fat brown loser bag in this shithole for me frens, im out
>>536794124Zyxwvut
>>536803478these schewed housing investors have the backing of the united states government. There are boomer chads in homes right now that haven’t made a single payment since covid through government mortgage forgiveness programs that exist just for boomers thanks to plannedemic emergency bills. Homerowner chads deserve huge returns and even Trump said they feel “rich” thanks to their home values. It’s important they pay zero property taxes though because most are on fixed investment incomes.
>>536799234What fuck is up with that roof bro
>>536790413Everything in my area is getting bought at over asking after a few days on the market, people are having bidding wars.
>>536801873>NewburghMy brother just moved away from New Windsor after being there for almost a decade and he said Newburgh is an absolute shithole. Infested with drugs and violent crime, it’s literally called the “murder capital of New York” because their per capita murder rate is the highest in the state.
Republicans want to get rid of property tax so big bank can buy one million homes and never pay a dime. Hey at least little joe saves 1400 a year Top kek
>>536803501>used my covid bucksAm I the only fucking retard that didn't get a dime during the hoax?
>>536802902Correct. Lived in NYC for 2 years on a work assignment. Everyone I met who was not in VC, PE, etc was broke as fuck and they would move in with their girlfriend after 2 months of dating by necessity. It’s rather grim when you see big cities at the ground level.
>>536804075I didn’t, above all of the income thresholds and not looking to get involved in fraud. I also never was out of work though.
>>536790650They have low interest loans locked in. People who want to buy have to take loans at higher interest. So the sellers cannot afford to sell.lol. lmao.Of course over time natural wastage (people dying of old age) frees up properties. Its slow though. No one is getting a sudden drop in prices unless there is a really big recession and everyone is losing jobs.Then the complaint goes from>I cant afford a houseto>I cant find a job.Im selling currently. In Ireland. People dont have locked in loans to the same extent but there is a lot of pent up demand. Prices are stable now I think.Also rentable properties are still hot.
Bros, I'm thinking of just living in a woodswww.redfin.com/CA/Zenia/140-Old-Bluff-Rd-95595/home/124380043
>>536803742The main section on the left is likely original, with the portion on the right being an add-on.Those cheap boomer houses everyone here opines for were generally EXTREMELY small
>>536804075I got 1,300 dollars just for having a job during covid. I lowkey wanted to give it back cause i was comfortable but didnt know how and fugured some jew would take it if i tried to give it back
>>536804075If you were under the income threshold ($75k, and you could get a partial stimulus if you made between 75-100k) and filed a 2019 tax return then yea you got fucked. They sent out the stimulus automatically. If they didn’t have your banking info or a good mailing address then your stimmy check probably ended up with the unclaimed property department of your state. Search “[your state] unclaimed property” and go to the website and search for your name. You might have money waiting on you that you didn’t know existed (via class action lawsuits and all other kinds of miscellaneous shit). I recently discovered I had like $3k waiting for me related to a state level lawsuit against BP for the 2010 oil spill.
>>536804433Living in the woods is for rich people only.>>536790650California homes are not up to code to since boomers don't want to update their property and get new taxes. The insurance companies won't insurance a building with ceramic wiring and banks won't give a loan for a house that will burn down.Since no loans are possible, boomers will have to sell to the Mafia or Mexican cartel or organ traffickers and terrorists instead of first time home buyers.
>>536790650The seller needs enough money to both pay off their consumer debt, the bank fees, real estate agent, title insurance, listing fees and the cost of a new place to live.
>>536790650Because they're asking price is 3 million dollars for a 285k house, they throw a tantrum and pull it off the market because nobody will buy it at what they're asking for it.
>>536805355It's funny because Jeffrey Epstein was a ((money manager)) and lack almost any qualifications besides being JewishThey constantly try and buy my debt through SilverLakes and I reject their Jewish asses everytime.
We are past the point of no return.Resetting the economy means billionaires bevome mice burrowing underground while the rest of society rots and dies.If you want change we need to start killing alot of richfags letting society collapse then rebuilding society from scratch again.They are force the bronze age bottleneck again.If you see your hero in the street, muder them.
>>536790650boomers are retarded and still live like the world is 50 years ago before internet. they think hiding their house from the market after tryingto sell and nobody buying will make people think its a completely hot new listing when they repost their for sale ad the next month. genx and a minority of millennials are the only ones with enough money to buy houses right now and they both know how the internet works and can see the pathetic boomer tricks easily by viewing the listing history on zillow or whatever kike real estate aggregator they are using. they can spot depserate retarded boomers who keep putting their house up for ridiculous prices and taking it down a month later when nobody even sends them a single inquiry. they just laugh at the retarded boomer and send a lowball or just ignore it completely. TBD
>>536804814I just got $136. Thank you.
>>536805355Notice that sensible posts get hit with nonsensical replies that seem to divert from this angle.
>>536806318Nah, their money will just become worthless and they'll end up in a situation that created the Italian mafia, the people they hired are the ones stealing everything from them. With a weak US government, the Chinese will probably just outright hunt them as opposing power possibly.
>>536806379bingo, when you see that the house was listed last spring and the year before you can expect an unrealistic boomer selling it. most realtors won't work with these people
>>536790413>list house for 20% above market value>no one ever bothers to lowball offer >try to play 1980s real estate games like relist or drop price by 0.01% and then raise price back to original list price >all websites now show these games in price history >websites even show photos from previous listing >house sits for 6 months >pull house off market
>>536803565>may buy a house or flat in ukraine or russiayoure going to get fucked up if you are a native american. i genuinely do hope you move to russia, the culture shock would be funny.
>>536806673No problem man. Most people don’t even know that shit exists, I didn’t either until someone else told me.
>>536807261native as in european american, not wololo
>>536804814>>536804814Hey I got $20 but that’s more material help right there than I’ve ever had from any other /pol/ postSo yeh. Thanks brah
>>536791970Because young people today are shit and deserve nothing. I’m going to spend every last penny I have before I die. Anything left over will go to a charity to assist African immigrants.
>>536790413just put in an offer accepted on a 600k house AMA
>>536808024you tell 'em. these kids think the world is just going to be offered to them on a silver platter.
>>536804433Unironically we'll probably reach a point where the most economically sensible play will be to squat on some unused land and build DIY adobe homes made from mud and straw with stacks of used tires as the foundation
>>536807397No problem man. I’m like those niggers in the hood who throw frozen turkeys out of a truck on Thanksgiving, except I’m white and I only like helping out other 4chud members
>>536802981And they are doing so with the boomer 401k and stock portfolio. The boomers see no issue with this as they keep seeing their valuations increase while everything around them gets shittier.
>>536790650so you can never, ever, ever have one.
>>536806907I think the only way reset happens is if the world disconnects from money entirely.Richfags will always have more leverage even inflation means everyones money is worthless. Its kinda like the kg of steel or kg of feathers question. Everyones money gets devauled but the richfags still have more of it. So again poor fags suffer most under inflation
We need higher interest! This will take the air out of the bubbles.
>>536791699>got a dollar? times are tough for an obsolete robot
>>536791412>the prices went up because chinks buying up foreign propertiesWhat did you think was going to happen when you have an economy built around continuously printing money and shipping it off to china in exchange for goods? You have to sell something, if you aren't producing goods or resources then the something you are selling is land.
>>536792095When my wife and I got our house 5 years ago, a downsizing boomer walked up and made a whole cash bid and beat us out. Then they walked away and we got it because they had to shovel their own driveway. They were ready to buy the whole thing in cash but they weren't willing to pay $20 a neighbor kid to shovel their driveway two or three times a year.
Boomers will mark down housing prices when we cut their pensions off. Boomers GET A FUCKING JOB you lazy faggots>oh im 80 and cant workthen you are a waste of oxygen. no more handouts period
>>536790650artificial scarcity + nobody wants to buy a run down termite infested boomer mcmansion for 2 million dollars in a 50 year mortgage
