Assuming you purchased a shitbox at 450k (median cost of a shitbox in the US right now) with 20% down and a 30Y mortgage at 8% that would mean you are now spending more than $520,000 in INTEREST alone on your shitbox and its only going to get worse every single week from this point on as the interest rates are only going to go up forever. that's a total of $950,959 for a shitbox built in the 1940s or 1950s that will need a new roof, new plumbing, new everything by the time you finish paying off your shitbox
>>543513657Back to the 1990s?
>>543513708Yeah except the median cost of a home in 1997 was $115,000 compared to $450,000 today
>>543513657
>>543513841
No it hasn't you lying fuck
Miggers would gladly take out a 10% mortgage if that orange retard told them to.
>>543513657niggers trying to sell a house right now are fucked
>>543513657>interest rates are only going to go up forever.Sweet. Free money for meAlso, not how rates work dummy
>>543513657>tfw
>>543514702>>543513942>>543514310>>543514707>>543513657
Idk my interest rate but I bought a 3 bed 2 bath house in my city for $180,000 and owe like 120,000 on it now it's a 10 minute drive to work how am I doing?
>>543514789>how am i doing?you live in a place where houses sell for $180k
>>543513657not I, i locked in $375k at 2.5 for 30 back in 2021. First and only house I will buy and it came in a nik of time.
>>543513657>mortgage rates skyrocket just before the 50 year mortgage is introducedMultigenerational Usury is on the menu lads
>>543513657Even with that much interest, 30 years from now that same house will still be worth much more than you paid for it. And that isn't even factoring in the value in NOT having to have $450k in cash locked up in a house for 30 years. And that also doesn't factor in the fact that you have to live somewhere, and being a rentfag for the next 30 years would end up costing you exponentially more to end up with absolutely nothing in 30 years.
>>543514789>3 bed 2 bath house in my city for $180,000So Camden, or Mississippi?
>lol
>>543513657You forgot mention you still have to pay taxes forever on the thing you “own” or you lose it later anyways! Hahaha!!! TKD IS THE ONLY SOLUTION TO THESE PROBLEMS. THE ONLY SOLUTION TO THESE PROBLEMS IS TKD.TKD>TKDTKD!!!!!
OP, some people actually make real money and can afford houses. All it means is people will save for another couple years for a bigger down payment.
>>543516104lmao this is the dumbest NPC take I've seen on this site in weeks
>>543513657I think you're math is wrong, buddy. It's closer to 3 million, and that's before sales taxes.
It's as if you don't think people can sell something they bought.
>>543516104You need an income of $132,500 to even qualify for the 30Y mortgage I outlined in the OP. The median income in the United states is $87,000 and when you remove the top 15% of income earners it drops down to around $46,000
>>543513804and everyone is making 150k a year. calm down, idiot.
>>543514310meanwhile niggers gladly burned their own cities because Biden told them to
The best part is Israel has only begun to spend on war.
This makes me feel so good about my 3% loan kek.
>>543516260The median income in the United states is $87,000 and when you remove the top 15% of income earners it drops down to around $46,000You need an income of $132,500 to even qualify for the 30Y mortgage I outlined in the OP.
>>543515375Dude most of the country has homes in that price range unless you want to live close to major cities like a nigger.
>>543516304your thread is gonna get slid because you arent contributing to the narrative, you should try using twitter or substack instead
>>543516379>you should use an service that requires account creation, your email address, your phone number, and your addressNo, I don't think I will nigger faggot! Kill yourself!
>>543516260I don’t know anyone making that
>>543516304>median income in the United states is $87,000Right. Now multiply by 2
>>543516441Why not multiply it by 120 Gorillion if we are just making up bullshit?
>>543516379This, there's a thread about fucking white people food. Only an ai janny could save this place.
>>543516516>WAAAAHHHHH!!!! The board needs more censorship! its not a safespace for dick sucking faggots like mmeeeee!!! WAAAHHHHHHH!!!!kys
>>543513657That's not what shitbox means.
>>543516379He should go back to r e d d i t
>>543516413I don't get it either anon. It's just some wood and nails. There has to be a better way to owning a home. Maybe we buy 40 acres together and help each other build our houses.
>>543516477>only I can play with numbersGet fucked.
>>543516597The only affordable homes are shitboxes anonand anything made in the last 20 years is also a shitbox because it was 100% built by mexicans who can't countSo that leaves you just a solid built home from the 1930s that is now a shitbox because its 100 years old or a piece of shit built by mexicans in the last 20 years.
>>543513657AAAAAAAAAAAHHHHHHHHHHH!!!
>>543516104Hopefully people who earn good money won't be retarded enough to take a 30 year loan with an 8% interest rate
>>543516664shitbox means shitty old car, has nothing to do with homes. lurk moar
>>543513657The stock market is at ATH. America is winning. Home prices will never go down. You lost, tranny
>>543516280>economy implodes, massive unemployment>can no longer afford payments even at low fixes rate>banks take ownership of millions of single family homes via foreclosure>only then does the fed start really juicing the economy at breakneck paceyou will own nothing and you will be happy
>>543516441>>543516637you didn't explain your point in an intelligible way you stupid faggot, acting smug about failing to state a claim makes you insufferable not effectiveI assume "multiplty by 2" is meant to imply dual income solves this problem, it doesn't, median HOUSEHOLD income in the U.S. is $87,000that already includes dual incomes
>>543516742>let me tell you what shitbox meansEnglish isn't even your first language, muhammad
>>543516783He's literally right. Swede anon knows English better than you.
>>543513657When are you retards going to realize that the total amount of interest you're going to pay doesn't mean diddly dick? If your mortgage payment is lower than the market rent rate for a property with similar utility, you win. Period. Why would you rent an apartment or house at $2300 if the mortgage payment for that same type of unit is $2250? Only one of these properties builds equity. You're paying Shlomos mortgage every time you pay your rent.
>>543516868he's literally wrong, jose. Go back to mexico, puta.
>>543515316Bingo. 5* post.
>>543516752>celebrating never being able to afford a homemiggers everyone.
>>543513657>number go up infinity forever>NO NO NO NO NOT LIKE THATcuckpitalist bros, our response?
>>543516666
>>543516871Not only that, the mortgage payment on that house will still just be $2250/mo 30 years from now, when the monthly rent will have gone up 3-5% per year and will be almost $6000/mo in 30 years.
>>543513860Would be a better picture if trump was feeding jews foreskins
>>543515975Property taxes and insurance are lumped into the mortgage payment you homelet. If the payment is lower than the market rent then you are a winner. But go ahead and keep paying shlomos mortgage, taxes and insurance for him with your rent check. Don't be late! Wouldn't want to get evicted!
>>543516418>I don’t know anyone making thatThat's because you are a poorfag and everyone you know and associate with is also a poorfag. The people who make $150k don't know anyone making less than 6 figures.
>>543516605I'll bring the nails if you bring the wood
>>543516742Kek retard alert
>>543516304The overall homeownership rate in the US has consistently been in the 60-70% range after rapid economic growth in the post WWII era, and there is no indication that it will change significantly in the foreseeable futures.Adjusted for age, Millennials and Gen Z are becoming homeowners at the same rates as Gen X and Boomers did.
>>543516871Because you are transient and might have to sell and move in a few years and if the market dumps in that time or you have a major repair, you lose.
>>543516304>top 15% of income earnersTrump's legal jeet invasion forces btw. 6 million strong, and not going anywhere.
>>543515975Public services aren't free. If you participate in society, a small tax isn't obtrusive.
>>543516418I don't know anyone not earning that
>>543517245The problem is the money isn't actually spent on public services or infrastructure which is why your streets are falling apart, your sewers are backing up, and power outages are increasing all across the US.
>>543516922Gemini is wrong.
>>543517154kekerino! Hang yourself >>543516783 you too
>>543516664>1930s that is now a shitbomine was built in the 30s and is a fucking tank. I did an addition on it that I have little faith in come a real storm, but it has survived a couple tropical storms so far. It was only White guys that built it though. Maybe it will survive. It will rot before the old house even starts breaking in good. The house was built with old growth pine and the attic and crawl space smell like a fat lighter knot. You couldn't drive a nail into the rafters with a sledge hammer.
>>543516871Mortgage doesn't include utilities or repair costs or taxes, I hope you realize that
>>543517314
>>543514876Kek
>>543517351Your real problem will be the pipes as they were made out of clay back then and they disintegrate and it is not a matter of if it is a matter of when you have a catastrophic failure.
>>543517370>kikeipediaLol. LMAO evenhttps://www.urbandictionary.com/define.php?term=Shitbox
>>543517460>citing the dictioniggerWhy don't you pull a queer bible next time too?
>>543517460nice self-own shitbox in reference to a shitty house is also the number one definition on urban dictionary
>>543516953>seething because your TDS prevented you from buying into the golden bullrun
>>543517448>Your real problem will be the pipes as they were made out of clay back thenkek, nah. somewhere long the way the sewage was upgraded to cast iron. Got quoted $20k to replace it and tie in the bathroom in the addition. It was cheaper to just put in a 2nd septic system and drain field on the other side of the house.I did have the cast pipes inspected a few years back and they were "good as new". All the water pipes are up to date but not PEX. Only leak I ever had was a tub drain that caused me to have to rip out the sub floor and replace a few joists. I wanted the bathroom remodeled anyway so it just sped the process up. >clay However, my block walls a taracota with a brick outer layer. They are like 12+ inches thick. Had to custom order a whole saw because no one in town had anything that could cut that deep. Still had to drill it from both sides after establishing a pilot hole.
>>543517918*hole saw, not the whole entire sawits getting late
>>543513657I wish all hooomers a very lovely total financial insolvency.
>>543518034why is poorbragging so popular on /pol/
>>543517354It does include taxes though homelet. And you think utilities are free when you pay Shlomo some rent that includes heat and hot water? I bet you think Europeans get free healthcare for their 60% income tax rate. Regardless, electric and internet are still on you, just like any home owner. Shlomo is setting your hot water to 130 degrees while I set mine to Chernobyl
>>543517087>That's because you are a poorfag and everyone you know and associate with is also a poorfag.sounds like a winner of an economic policy for the midterms
>>543518034Only 8% of outstanding US mortgages are ARMs. This will really only affect new homebuyers.
>>543518091Oh, I have enough to buy a house. I'm just really spiteful.
>>543517904>you had a small window to buy into specific economic circumstances and if you missed it for any reason you're fucked. >no we don't wish to keep conditions approachable for more americans to prosperthis sounds like it will win over a lot of people
>>543517370>>543517551Everyone is wrong except for me.
>>543518158>I have enough to buy a houseto be honest, I wouldn't buy right now. there is a crash coming, or at least a strong dip. I think I read up to 15% of mortgages are ARMs. When those rates jump, especially on 2nd homes, vacation homes, rental properties, and dumb fuck AirBnB's the market will flood. That would be the time to buy.I bought mine back in the mid-late 2000's right before the bottom fell out. If I would have waited even a few more months I would have saved at least 20k. Not big dollars today, but 20 years ago 20k went a little bit further.
>>543516260Why do you circumcise your dicks but not your noses which are longer and more obvious?
>>543518323I'm not expecting 50% off, but I've been in stocks long enough to recognize an impending bag dump when I see one. NOT THIS TIME FUCKERS.
>>543516418You are full of shit or living in a trailer.Well, this is 4chan. kek
>>543518034We don't even think about (You). Get a job.
>>543518493I’m full of life living in a camper. God has abandoned us and my rifle is my sword agains the injust.
>>543516759>that already includes dual incomesAnd unemployed niggers. And derelicts. And "disabled" and elderly etc etc. Hence me pointing out the faggotry of your stat humping horseshit. Almost any duo of able bodied RETARDS in this country can make a combined income of 100k
>>543518493>You are full of shit or living in a trailer.kek, I'm surrounded by million dollar mcmansions on acreage. My place is old but nice and I have land so I have that going for me. The dude with the 80 acres next to me put a fucking trailer on it as close to our shared property line as he could. 80 fuck acres and I can basically hit his trailer with a rock from by porch. He put it there during covid and pretty much paid the same per square foot as a house. to prove even more how bright he is, he fell for the solar meme and now his roof is worth more than his depreciated trailer.
>>543517163>hey look guys, we re-defined "home ownership" to mean "renters"If you're paying a mortgage still you don't own shit, you have a loan.
>>543517163what's hilarious is that even by redefining things they still can't cover it up.
I cashed out my $430,000 401k early in 2020 for about 300k and used it on 3 down payments on houses when the rates bottomed out which I rent out, which not only pays for the mortgage payments, property taxes of those properties, but also on the condo I live in and 2 car payments. I still work and since then my entire salary has basically been disposable income. I'm only 33 and I can basically retire tomorrow if I really wanted to.
>>543518760how do you make any money at all when you don't understand basic statistics or how to interpret them? high minimum wage state + burger flipping? charity case?
>>543518098Just admit you have no idea what you are talking about lmao
>>543513657Curse this admin
>>543518952>basic statisticsBecause I understand math beyond basic statistics and have read "how to lie with statistics"It is not difficult for two adults to make a combined income of 100k+. People CHOOSE not to work in this country.
>>543513657Between that and the expenses associated with having kids, traditional family life is pretty much dead. It’s not even doable for 2 incomes with decent jobs.The dream is dead. It’s pods in 15 minute cities now. Good coffee though.
>>543518760>combined income of 100kany man with common sense can do 100k easy if they are willing to get their hands dirty>muh blue collar>muh boot strapsok, nigger. I'm not going to dox myself, but I have close to if not more than 150 techs. Not one of them that was hired in the last several years started for less than 30hr. and I'm talking about some warm bodied retards. solid mechanics make more than the service managers even with the bonuses that services managers get because the techs that don't suck get efficiency bonuses (hours worked to hours billed).I started as a tech before I achieved what I have now. My wife never had to work a day and could be a stay at home mom. Even time traveling back 3 decades ago I was making bank turning wrenches and welding. most techs don't weld these days, if you can do both you are going to get begged to come work for someone. Sign on bonus, relocation expenses, school reimbursement, Cobra during insurance probation period. You name it. I'm no Mike Rowe, but service techs (mechanics) in nearly any industry make outstanding money.
>>543517049Lmao, its not like the government can just give us a house for free, that would be real bad for jews
>>543513708>1990>17.5%
>parents "bought" 2 bed 1 bath shithouse in 1990 in non-major city>36 years later, still owe $70,000>still talking about getting their 5th refinance>in disrepair, not far from a teardown, "worth" $400K now (lmao) so getting raped in taxes by government
>>543513657Mong, $255k 3 bed 2.5 bath 2k sq. Ft plus lot behind - reporting in at 6.5% interest(missed the good credit cutoff by 2 pts last minute deal unfortunately but three minutes from work) yea I give the jew mortgage insurance cannot lie but your numbers are quite inflated fag.. Get a job before you consider talking shit about home ownership.. Save up for that gender reassignment
>>543519239Tell your dumbass parents to quit taking loans out against their house and expecting you to pay for it, lol rip anon
>>543519043half of the country has a real median income of under $70k and half of the country has a real median income over $100k you stupid bitch "full-time, year-round workers with earnings" have a median pretax earnings of $66,620 (FYI post-tax median is $76,060)but I'm sure the number is just being dragged down by derelicts and the elderly... spoiler faggot the unemployed aren't in the denominator and the elderly are making more than the full-time year round earnings of working adults (at pretax $68,240) due to 401ks, social security etc.
>>543519102Expenses with having kids? I make 100k and struggle to have my wife stay at home while I work but "expenses of having kids".. You should see the money I blow on myself while affording his organic food, latest toys and infinite diapers, fag. Enjoy paying rent the rest of your live that's almost as expensive if not more than my mortgage and never having kids because you're a fuckin limp wristed faggot.
>>543519502to be extra clear here I mean half of the country literally here is the FRED breakdown for a few states side by sidedo you notice any differences maybe? get the brain going jogging to your GED to remember how distributions work?reminder that "pretending to be retarded" can be funny but simply being retarded is a waste of your own damned time, for what little it's clearly worth if you're only making $150k
A C C E L E R A T E M A T ECCELERATEMATE
>>543516783>>543517154Swede is right, shitbox has universally meant car in this website
>>543519502Lemme ask you a question bub, what's the hardest you've ever searched for a high paying job? Took the first shitty thing you were offered? Proves you don't need anything more lol
>>543519502Keep flapping your giant gums, nigger.It is not difficult for 2 people to make a combined income of 100k in this country.
>>543519706unless you are a statistical unicorn I make more money than you and I need you to understand statistics so you can grapple with that fact properly instead of trying to pretend everyone in every state is making eight million dollars a fortnight
>>5435198132 people shouldn't work you stupid kike-spirited cuntExcept in your shitty non-human household
>>543519858>2 people shouldn't workAnd that is certainly their decision.I shouldn't have to give you fucking bums anything but here we are
>>543516441>median income in the United states is $87,000>Right. Now multiply by 2(one lil re-educating later)>>543519813>It is not difficult for 2 people to make a combined income of 100k in this country.so your own posts have already shaved off $70,000 and fallen back below the $132.5k required for a 30 year mortgage and you're too much of a shortsighted nigger to realize you've conceded defeat on the point in contentiongood going chief, your next post is "it's not hard to make a combined income of $30k in this county i'm not owned i'm not owned"
>>543519814OK retard, 100k this year, wife stays at home to take care of baby.. Get a better job
>>543519043>People CHOOSE not to work in this country.Get a load of this boomer who hasn't applied for a job in 30 years.What rock have you been living under?Even burger flipping jobs will get hundreds of applications for one open position.And even then it'll be part time so they can avoid medicare and payroll tax.
>>543519991>>543520124The government should def take money from me and give it to unemployable niggers like you.>wahhhhh all the fake jobs I apply to won't hire me but I won't apply to any other jobsEvery single fucking company I know that actually does something is dying to find workers. Sorry you think things like running cat6 cable and using power tool in an air conditioned office building is beneath you elite human capital gigabrains
>>543519814>pretend everyone in every state is making eight million dollars a fortnightI think the larger point trying to be made is that if you actually want to make good money you can. Arguing about any government stat is probably a waste of time regardless of what side of the coin you are on. I certainly don't believe pretty much any of it. I just know what I see, what I've mde, and what I pay out today.Just one dealer group (multiple dealers in a group) of mine on a rolling twelve as of today at 5pm I stroked a total of just shy of $4million in what is essentially bonuses allocated primarily to service departments. Parts gets a small piece of that particular pie, but their bonus structure works differently. Good parts guys also make good money considering all the more hey really have to do.>>543520124>People CHOOSE not to work in this country.yes
>>543520284>dying to find workers*willing to work $9 an hour like a wetback
>>543516260Ben is that you?
Who cares. In America you don't own your property anyway because you have to pay taxes on it forever.
>>543520314Not a single position in any of my stores, not a single one, pays less than more than double that.
>>543520314Mid sized metro with strong medical industry. Consolidating the systems of a bunch of practices they've bought, and new buildings. $25 and 40hrs a week 9 week probation then bumps to $30. They can't hold people or find people that don't fuck up straightforward taskingWe had two of them sleeping behind one of the buildings that they didn't realize the cameras were already running on wireless
>>543513804What about if you don't count the $7 billion dollar mansions in Ca and Ny?
>>543516260>kike claws typed thisCome on moshi, at least learn to lie
>>543520284I am employed and make more money than you, I just find your total inability to understand statistics repulsivea full-time low voltage technician cabling job pays $35/hr in California, that's $72,800 pre-tax so a dual income household might expect to hit something like $140,000, a bit above the medianthat same job pays at most $25/hr average $20/hr in Alabama, as one would expect, a dual income household would hit around $80,000both of these margins are 120% of their state median, but only one of these household incomes would qualify for a mortgage at current median house prices in even most semi-urban areasa Californian can afford to move to a house in Huntsville, but an Alabaman can't , misery followsobviously none of this reflects my own life but I am not subhuman filth like you, incapable of understanding even the most rudimentary of life circumstances beyond my own ken
>>543520449>$18 an houryeah that's what I said, nigger faggotYOU DON'T PAY A LIVING WAGETo even QUALIFY for a 30 year mortgage on a home in today's America you must make AT LEAST $65.38 per hour or around 136k per year.
>>543520541>understand statisticsKeep saying this dumbfuckOn and on and on
>>543520468>We had two of them sleepingkek, I had an awesome tech once that had narcolepsy. We would catch him sleeping all the time>>543520541>$20/hr in Alabamaya, but that nigger in Alabama is getting a metric fuckton in per diem tax freet. made a metric fuckton tax fee per diem in Alabama years ago and wages even back then were higher than 20hr>>543520681you math and great, more than double would have been at least $18.01 but you were too stupid to even try and pull that out of your commie asslets roll with $18 though so we can keep your nipples hard. If it were that low, it is still a starting wage for a mouth breather. Annual raises, company buy in, benefits, bonuses, an actual structure to see people succeed. Not every job is the hellscape you socialist cunts paint it out to be. fuck, I hate you people
>>543520839It would have to be at least septuple 9 dollars an hour to even begin to qualify for a 30 year loan on a shitbox. Double doesn't even begin to cover it. The problem with (You) is that you have entered a stage of "Got mine" and you fundamentally can't comprehend what it is like to be locked out of ever having a roof over your head, (You) just can't comprehend how soul crushing it is that you will never own land or have a roof over your head that doesn't belong to Goldenberg at the local Synagogue. That's why you think 18 an hour is acceptable.
>>543516104>"just save more goy">groceries go up>bills go up>investments drop>"wheres your hustle goy?"
>>543520839there are legitimate cost of living incentives that normalize a lot of the gaps in income high COL and low COL states (Alabama et. al.) or you would see people moving towards the high COL states en masse, as they did in the early 20th centurythat being said, housing prices are no longer one of those incentives, either you got in good at low interest rates with a decent down payment or housing is potentially inaccessible to you through normal meansI think one of the few/best pathways to a home right now if your long term goal is to stay in a low COL area but you need a house long term and you're not cut out for white collar/remote work is fucking off to the military first, guaranteed pay throughout the upocoming economic turmoil and then you come out the other side with a VA-backed home loan if you still need a zero down option after it's all said and donethank you for at least engaging with reality somewhat instead of shriveling into a badly used condom like >>543520829
>>543521065The government should print more money and give it to you.Surely then you'll finally male your breakout to excellence
>>543520541>Huntsvilleprobably not the best example city in Alabama. Might as well have said Orange Beach or Gulf Shores. Huntsville's housing market is pretty nuts compared to not all that long ago, but the pay is very good there. Just one of many cities that there are no shit recruiters in the airport ready to interview on the spot. Every other sign is begging for worker when you are heading to get your bags.>>543520966>That's why you think 18 an hour is acceptable.I absolutely do, as a starting wage but CHOOSE to pay more. Why would an unskilled person that brings nothing to the table and needs trained be worth 6gorrilion hr?>Got mineya, I did. guess what? it wasn't easy. I busted my ass as a young man, husband, and father to do everything I could to provide a better life for my kids than I had growing up. I want to help other young men do the same now. we offer so much training. not just work related. a lot of personal growth stuff as well. once your in it is pretty much a choose your own adventure. I don't know who didn't touch your peepee while you were shaking the grease off the fries today, but I wish for you that they do it tomorrow.
>>543521070How do you feel about the idea of market correction by throwing out 40-50 million shitskins?
>>5435136578% of 450k is only $36,000 you retard
I hate this timelines
>>543521317>I absolutely do believe that locking young people out of home ownership during the years they should be breeding and forming family units is acceptableI know, this is why the entire system is collapsing in on itself
>>543521318pretty great obviously, if you can't safely move supply you can always try and move demandunproductive mass migration adds competition and supresses buyer power, the U.S. is so big this effect has been kind of subtle but you can look at skyrocketing rents in the U.K. directly correlated to migration as a demonstrative example
>>543521348technically thats still less than 2 cents per calorie so its actually a good deal if you think about it
>>543513657still worth it considering in 5 years we will be at 1,000% inflation.
>>543521413I don't know what to tell you other than to stay poor, stay mad, and stay away from any of my dealers. we don't need commie fucks like you ruining the talent we are trying to cultivate and elevate.
>>543518768Are you by chance also 6'4 with a 10 inch cock?
>>543521509>I don't know what to tell you other than "got mine"I know
>>543521344clearly someone forgot to take "advanced usry" in trade school, if mortgages were as simple and fair as a premium on top of a loan then virtually no one would ever fail to pay them offamortization and other tricks ensure maximum pain over the determined periodyou should always be shooting for a 15-year loan maximum unless you are stretching for a home you intend to keep your entire life at a price so low it will never hit it again
>>543513804It’s like a milly in Australia
>>543513804>in 1997 I made 4$ a month compared to the 400$ a day I make todayI'm catching up!
>>543513657Houselets can't even use a calculator but you deserve a house LOL. That's a good deal goy. You retards would be eating dirt cakes for a living if you were born in Africa.
you can remortgage when rates drop. better than spending entirely on rent
>>543513657Economist here. The average 30 year mortgage rate for the past 70 years is higher than what it is today. The low rates we've become accustomed to were the anomaly.My parents bought their house in 1984. At that time mortgage rates were almost 14%. The house cost them 44,500. Today that house is estimated at 201,000, which comes out to about a 0.8% annual real appreciation in value if you adjust for inflation. The 44,500 they paid is about $141,000 in today's dollars, but since their mortgage rate was about 14% compared to an average rate that today is pushing 7.25%, the real cost of their mortgage was about 20% higher than what it would be today if someone bought their house.In other words, if you do the math it's actually not worse now than it was for my parents and it's probably not actually worse for you than it was for your parents unless you live in a liberal shithole city. Local politics fucking up the housing market with artificial restrictions is the primary reason housing prices have outpaced inflation in many parts of the developed world .I bought my first house use in 2021 with a < 3.0 interest rate so I'm actually significantly better off than my parents were. So basically doomers are whiny bitches and if you've been failing in life during the highly favorable circumstances we've had over the last decade or so there's really no hope for you.
>>543513657I agree with Trump. I don't want millennials, zoomers or alphies getting a free ride. Homes are not supposed to be cheap, they are supposed to be expensive - as an asset always should be. I don't want any Joe Schmo walzting in and buying up all the properties so he can sit on his keister collecting money. /pol/ of all places should know that with great assets comes great responsibilities. If you weren't smart enough and responsibile enough to afford a home, why the fuck would I trust you to take care of a home? I for one agree with boomers on this. Younger generations are not owed anything, and in fact owe the elderly everything for what they did in service to this country. From building it up and then maintaining it into old age. Just so whiny zoomers and millenials and even loser gen x can get on the internet to bitch about it.
>>543522401it's great that economists are forced to tag themselves before they post like a sex offender moving into a new neighborhood, we need something similar in place for astrologers and chiropractors
>>543516260At 30 I make double what my dad made in his best year ever. I already have a house but holy fuck money does not go far
>>543513657I have a 90-year mortgage
>>543513657200k for a modest one, but yes it’s batshit on 50k/year with 40k in annual expenses.
>>543521317Wow you’re actually a net negative burden on society, that’s dope man
>>543522461> owe the elderly everything for what they did in service to this country. KEK, fuck yeah man so grateful for the endless shitskins, environmental degradation, McMansion architecture, love the fucked up infrastructure, love the subservience to israel as an ideological fixation, I mean the list just goes on. Man why hadn’t I taken a moment to reconsider that.
>>543513657So? That's only a problem is you are buying a home. The be USA is so overloaded with homes that even investment firms stopped buying them about two years ago. There is no buyer's market because they are just outright unaffordable. Boomer's, instead of cutting their asking prices, are just delisting their homes to try again next year because "I know what I got" is going to follow them to their grave.
>>543516104>make real moneyOldhead gloating about his gen being on easy street. Enjoy it while you still can boomoid, 2030s will be when the tables turn, your dusty past expiration date gen will be in retirement homes playing pillow fights with tyrone and shaniqua while the rest of us bask in a workless dream making agi utopia
>>543525073Fuck off zoomer
if we cut social security, removed the jew, you could have 8% mortgages, then everyone backs the securities and invests, americans get 8% returns, no jews and good jobs. Would unironically be a better world then 2-3% mortgages, USAid and jews
>>543528937>if we cut social security, ??????
>>543529309its empirically be proven that a single 401k from birth and social security taxes put there would be immensely better, and give citizens a stake in government. Instead, social security, which from FDRs own government is a wealth distribution to niggers. The first reciever of ss paid $25 and recieved 25k. If you support ss you are only supporting wealthy whites who do not need the money for extra spending cash. SS does nothing to help actual poor people with unstable living conditions, i.e not owning a home. SS is for commies and jews. Literal masonic plot to end white prosperity
>>543517087Only the top 10% of the US make more than 150k
Mine is locked in at 6% which is not great but damn I am glad I didn't fall for the variable rate. At least I have my whole bitcoin.
>>543529795i make a 141k and wife has a pt job, im over it. USA is weird anon, people can seem very wealthy or very broke. Obviously its personal decisions, but the amount of broke people with wealthy family or on a secret trust fund is staggering in the USA. That other anon is wrong but people in USA may not have "income" but off paper man, least half the males that want it, have a way to see 100k in real purchasing power, just maybe not 100k cash
>>543516603I say we ignore Habeas corpus when we take care of the MAGA traitors to america.
>>543529795You can say that but people like this>>543529720Will say their stupid anecdotal shit like it completely disproves it
Housing crash soon (2028)
>>543529720>to niggersblacks die younger than whites. poors in general die younger than middle and upper middle class. social security distributions are scaled with income and end at death. you can see it yourself by typing in your income and retirement date into the social security calculator.>SS is for commies and jews. Literal masonic plot to end white prosperityyou sound poor and retarded.
>>543530301i make more than any two people in your life and social security only benefits my millionaire parents, do you know anyone on social security traveling and paying rent?
>>543514911Eventually people will realize that jews will not stop until they are stopped.That's why they are always kicked out.
>>543530359spotted the nigger, no its quite literally only a program that, because of commies retards, was set up to redistribute wealth and only benefitted working affluent americans. You arent a real person and certainly not american if you support ss
Most mortgages are locked in at a set rate, for example mine is 3.1% from when I bought.
these anons will then argue to raise the minimum wage to solve these issues for themselves and other niggers, lost causes and the poverty is earned and chosen, enjoy the bed youve made
>>543530407>was set up to redistribute wealthwrong, nigger retard. social security has a contribution cap, payments are scaled with contributions, and funding shortfalls are addressed by statute in the form of mandatory reduction in payouts (which will begin in 2032.)
>>543530459holy fucking shit you double nigger, you just said niggers die earlier. That means working retired whites will collect an immense amount more then contribution even with cap. Meaning the only ones benefitting are already financially sound. You are a poor person anon, accept it and prepare for your regimented senior life controlled by the state
>>543530535> That means working retired whites will collect an immense amount more then contribution even with capdo you have a learning disability?
>>543530605do you think 30 years on retirement after 25 years of working is sustainable? You are retarded nigger and SS is gone mid 2030s, its a foregone conclusion. If you cap the payments received, it becomes a tax, and its ended. If you allow rich people to receive it and poor people receive more than they paid in, that is infact, wealth redistribution, nigger. There is no long term path for SS as is in the USA
>>543513708>Back to the 1990s?If only we were so lucky..1995>Median Home Price (All Homes): Approximately $111,000 to $114,600>Median Income Nationwide: $34,076 per yearA single adult could still provide for the household.
>>543516304I make 72k and I am far above median for my county yet am nowhere close to being able to buy a house. Its insane.
>>543513657>the interest rates are only going to go up forever.Everything has an end fren...
>>543516953>it's actually ephebophiliaI kek'd
>>543516265Correction: They burned your cities and you did nothing about it
>>543513657>muh 8%Just pay it off faster moron. Even a 100 dollars extra a month shortens the term 3-5 years
>>543513657I own nothing. So good. Accelerate. Lets gooo...
>>543514585Yes. I know one who is in the process of trying to sell their old home to cover the cost of the new one he and his wife are having built. They cant lock in an interest rate until all materials are on site, which is estimated to be around the end of November. They already had to spend extra money to fix up the old house on top of having to drop its price to attract buyers and its not working out. Been on the market for months now.
>>543516477checked
>>543513804Sounds like prices will have to fall I know here in florida the market is starting to see some stress
>>543513804Home prices rise almost 100% decade over decade. 05-15 was the anomaly outlier.
You can buy property in the middle of nowhere for $1,000 Cash. Because youre in the middle of nowhere you can get some solar panels and set up a waste treatment system in 2 Trash cans. Then Drink your own piss indefinitely. True story. Water is actually recyclable. Youre just all addicted to your job and the infrastructure. and say "Oh no I cant borrow money like that..ohh aboo hoo"There is no free lunch. Now ask Grok how you can drink your own piss or STFU.
>>543530839>GuatemalanNigger, its unsustainable. You can not sustain anything on a job you cant get because the Taco Bell job is at replacement of Americans. This is why a Guatemalan is asking themself how do I sustain myself in this situation?Youre only hope as a real American is to abandon Rome and its economy and drink your own piss. The state has abandoned US for their own survival and decided to play the WE game with a bunch of mud blood..Its time to move on.
>>543513657When jimmy carter was in office a mortgage was 18%, car loans were worse
>>543513657What’s stopping you from moving to a small cozy fishing village off the Baja peninsula?
>>543513708back to the 80s where the economy cracked from no oil and the 30-year bond interest rate started its climb to what we would know would become 13.5%
>>543538536>>543538900>Kike bullshitter denies systemic unaffordability existsGo fuck yourself, faggot.
>>543538203>florida>some stressFlorida housing market is crashing and nobody would buy a house in Florida even if it was 150k because no water insurance
>>543536406>thinks cities are where normal White people liveLol no. Those are for niggers, spicy kikes, fags, and women.
>>543514789What % of the surrounding populace is black?
>>543513804How much was avg or median income?
>>543539311Get fucking bent Jungle Nigger. Stay out of my country. Fucking 500 lb brown jungle nigger. There is no "WE" worry about yourself and how to impregnate your 12 year old 17 daughters. Fucking football nigger.
>>543513657>shitboxisn't that what we call riced out hondas? i thought the term for a house is shitSHACK
>>543513657that's the price of freedom
