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Three Olives
Apr 10, 2005

I just wonder what the First Lady's boobs are up to!


quote:

America Should Become a Nation of Renters
The very features that made houses an affordable and stable investment are coming to an end.

More rental units, please.


Rising real-estate prices are stoking fears that homeownership, long considered a core component of the American dream, is slipping out of reach for low- and moderate-income Americans. That may be so ó but a nation of renters is not something to fear. In fact, itís the opposite.
...

This process is painful, but itís not all bad. Slowly but surely, most Americansí single biggest asset ó their home ó is becoming more liquid. Call it the liquefaction of the U.S. housing market.

Houses have typically traded with very little liquidity premium. That meant a relatively low purchase price compared to what it would cost to rent ó the equivalent of the dividend from housing investment ó and stable prices over time.

..

It may have seemed at the time like a failed experiment. But financialization had changed the housing market forever. Houses are now more prone to be priced high relative to rents, and to see their prices fluctuate with the market. The very features that made home buying an affordable and stable investment are coming to an end.

But the illiquidity that made houses a safe investment also made America less dynamic and mobile. In coastal markets with strong demand for housing, market forces would normally have led to the replacement of single-family homes with duplexes and apartments. But existing homeowners are reluctant to agree to development with unknowable effects on the value of their most precious investments. The result is less development ó and sky-high rents for any residents not lucky enough to own their own home.

As institutional investors increasingly enter the housing market, however, the incentives begin to shift. Large investors can expand or redevelop their properties themselves, because they benefit from a greater number of overall tenants, even if rents themselves dip.

Meanwhile, the increased availability of rental properties could benefit homeowners in declining areas of the country. They frequently cannot move to more prosperous areas because they canít sell their homes for nearly enough to buy a new place somewhere else. In an economy with more rentals, however, they could afford to try a new place for a few years without the commitment of a mortgage or down payment.

A nation of renters could lead to a world where location decisions are driven far more by personal preferences and life-cycle demands. Younger workers might prefer the excitement of the city. A couple just starting a family could reunite with their parents or siblings in a small town.

The U.S. is not quite there yet, and not just because too many people are chasing too few apartments. To see the U.S. as a nation of renters requires a revision of the American dream of homeownership. [b]This country was always more about new frontiers than comfortable settlements, anyway.

https://www.bloomberg.com/opinion/a..._source=twitter

Congrats to the death of the American Dream and to the exciting future of being beholden to the whims of whatever hedge fund owns your home. No one ever wanted to be comfortable in a home anyways, this is a country of the kind of rugged independence of having your landlord jack up your rent knowing that the huge increase is barely more than the exorbitant emotional and financial cost of moving instead of paying the increased rent. When you really thing about it, you always really wanted better liquid financial investments, just like right to work gave you the freedom to find a new job whenever you wanted. Trust me, you'll love it!

Congrats America, your dream is dead to provide an even brighter future!



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William Henry Hairytaint
Oct 29, 2011



Like all things American, it was a stupid dream.

Derpies
Mar 10, 2014

BORN TO AWOO
WORLD IS A TUG
Squatch Em All 1989
I am trash poster
42,069 DEAD WOLFGIRLS




Man if only we all inherited a condo

Ignatius M. Meen
May 26, 2011

Hello yes I heard there was a lovely trainwreck here and...



you know it has been a while since we saw your condo, i remember when you couldn't stop posting about it. how is the old joint nowadays?

Duck and Cover
Apr 6, 2007


Derpies posted:

Man if only we all inherited a condo

You know you can buy a condo with the money you inherited right?

BrigadierSensible
Feb 16, 2012

I've got a pocket full of cheese, and a garden full of trees.



Actually The American Dream died in 2015.

RIP Dusty. You showed that to be a professional wrestler, you didn't need to be attractive, athletic, or even have perfect diction.

Three Olives
Apr 10, 2005

I just wonder what the First Lady's boobs are up to!


Ignatius M. Meen posted:

you know it has been a while since we saw your condo, i remember when you couldn't stop posting about it. how is the old joint nowadays?

I got married and moved, we owned too many houses.

Giraffe
Dec 12, 2005



Soiled Meat

I mostly dream about showing up at school with no pants on. I live right by a high school so that dream is still totally achievable.

Ignatius M. Meen
May 26, 2011

Hello yes I heard there was a lovely trainwreck here and...



Three Olives posted:

I got married and moved, we owned too many houses.

three olives everybody

Derpies
Mar 10, 2014

BORN TO AWOO
WORLD IS A TUG
Squatch Em All 1989
I am trash poster
42,069 DEAD WOLFGIRLS




Duck and Cover posted:

You know you can buy a condo with the money you inherited right?

I stand corrected.

Man why dont my boomer parents die so I can buy a few investment condos too!

Pimpcasso
Mar 13, 2002
MY PRONOUNS ARE SHIT/HEAD


I look forward to the housing market collapsing again tbh

Derpies
Mar 10, 2014

BORN TO AWOO
WORLD IS A TUG
Squatch Em All 1989
I am trash poster
42,069 DEAD WOLFGIRLS




Pimpcasso posted:

I look forward to the housing market collapsing again tbh

Same

Duck and Cover
Apr 6, 2007


Derpies posted:

I stand corrected.

Man why dont my boomer parents die so I can buy a few investment condos too!

Uh don't you have grandparents? Sheesh wanting your parents to die is terrible!

Shinjobi
Jul 10, 2008






Gravy Boat 2k

Pimpcasso posted:

I look forward to the housing market collapsing again tbh

Derpies
Mar 10, 2014

BORN TO AWOO
WORLD IS A TUG
Squatch Em All 1989
I am trash poster
42,069 DEAD WOLFGIRLS




Duck and Cover posted:

Uh don't you have grandparents? Sheesh wanting your parents to die is terrible!

Lol look at this boomer lover over here

Weka
May 5, 2019

And if you gaze long into an abyss, you will say `look, no ring.`

I've long suspected 3 Olives has exaggerated his fygm beliefs for attention but still, I think it's both telling as to America's rapid deterioration and heartwarming as to people's potential to grow, that he is posting from this more lefterly perspective.

Elburroman
Dec 27, 2012


I always think 3 olives and 50 foot ant are the same forums exile and get kinda startled to see either post, like seeing a driverless car in action or a car driven by a dog in action

i liked this post though what do i know

Katamari Democracy
Jan 18, 2010

Oh, We understand.
A trip to collect a million votes, yes.
Oh, we know why.
We get the point of rolling up a million


Wedge Regret

Pimpcasso posted:

I look forward to the housing market collapsing again tbh

Aardvark!
Mar 3, 2002


Duck and Cover posted:

You know you can buy a condo with the money you inherited right?

lol

EorayMel
May 29, 2015

You got the fluffy kitty kitty!



Dear Watson
Jun 25, 2005




Hell Gem

This is America. You donít even have to buy to get your spot in your nearest tent city. You just borrow it until the police come gather it up and throw it in dump truck with al your other stuff

vandalism
Aug 4, 2003

by Hand Knit


There should be a cap on rental ownership to allow families to have reasonable homes. Companies should not be allowed to hoover up homes. People should get paid enough to be able to buy a home. This is pretty simple poo poo.

Icochet
Mar 18, 2008

I have a very small TV. Don't make fun of it! Please don't shame it like that~


Grimey Drawer

In my American dreams for some reason I'm always eating a cheese burger and then I get shot

Putty
Mar 21, 2013


oh hell naw three olvies still posting??? that's kinda whakc man, but it be whhat it be. no hate, just speakin from the mind

Rockman Reserve
Oct 2, 2007

"Carbons? Purge? What are you talking about?!"



vandalism posted:

There should be a cap on rental ownership to allow families to have reasonable homes. Companies should not be allowed to hoover up homes. People should get paid enough to be able to buy a home. This is pretty simple poo poo.

low key sex master
May 27, 2004

The human face is, after all, nothing more nor less than a mask.


Duck and Cover
Apr 6, 2007


vandalism posted:

There should be a cap on rental ownership to allow families to have reasonable homes. Companies should not be allowed to hoover up homes. People should get paid enough to be able to buy a home. This is pretty simple poo poo.

I don't own a house but I realize people not having houses is an important part of the satisfaction in owning a house.

CPL593H
Oct 28, 2009

I know what you did last summer, and frankly I am displeased.

My cousin is a landlord. She also got punched in the face for calling someone the n-word at a movie theater. That's pretty much everything you need to know about her to properly judge her character.

Ville Valo
Sep 16, 2004

I'm waiting for your call
and I'm ready to take
your six six six
in my heart


My wife and I *just* bought our first house; did we win or are we the first to lose?

Howard Beale
Feb 22, 2001

It's like this, Peanut


this has been a Three Olives thread

(gif of dog puking and another dog eating it goes here)

Funky See Funky Do
Aug 20, 2013
STILL TRYING HARD

The dystopia is sooo close to completion. All that's missing is for a new designer drug called Blitz to ravage to underclass and for combat drones to be granted 2nd Amendment rights.

Spazzle
Jul 5, 2003




This is some hard hitting journalism, op.

CPL593H
Oct 28, 2009

I know what you did last summer, and frankly I am displeased.

Funky See Funky Do posted:

The dystopia is sooo close to completion. All that's missing is for a new designer drug called Blitz to ravage to underclass and for combat drones to be granted 2nd Amendment rights.

We've been living in a dystopia for a long time. Opiates are ravaging the underclass and the cops already use robots.

Three Olives
Apr 10, 2005

I just wonder what the First Lady's boobs are up to!


Ville Valo posted:

My wife and I *just* bought our first house; did we win or are we the first to lose?

Rent it out and then rent another property to live in.

Masturbasturd
Sep 1, 2014


3 Olives remember that time when I wrecked your poo poo so bad on STP you zelle'd my senator 750k to legislate mandatory 24 hour employment under penalty of death?
Good times, girlfriend

Nefarious 2.0
Apr 22, 2008

Offense is overrated anyway.



Masturbasturd posted:

3 Olives remember that time when I wrecked your poo poo so bad on STP you zelle'd my senator 750k to legislate mandatory 24 hour employment under penalty of death?
Good times, girlfriend

Duck and Cover
Apr 6, 2007


https://forums.somethingawful.com/stats.php?statid=4&all=#jump

Lol you lose Mr. Olives get wrecked!

edit: Keep posting though.

Duck and Cover fucked around with this message at 06:00 on Jun 18, 2021

BigBadSteve
Apr 29, 2009

Self Defense
Nil Satanus carborundum

Yeshua akbar!
(Xtian anarchisto, no bombo)


my dog died im sad
Jun 29, 2015


Three Olives posted:

https://www.bloomberg.com/opinion/a..._source=twitter

Congrats to the death of the American Dream and to the exciting future of being beholden to the whims of whatever hedge fund owns your home. No one ever wanted to be comfortable in a home anyways, this is a country of the kind of rugged independence of having your landlord jack up your rent knowing that the huge increase is barely more than the exorbitant emotional and financial cost of moving instead of paying the increased rent. When you really thing about it, you always really wanted better liquid financial investments, just like right to work gave you the freedom to find a new job whenever you wanted. Trust me, you'll love it!

Congrats America, your dream is dead to provide an even brighter future!





Can I squat in your condo dude?

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BIG TIT LIL NIP
Oct 5, 2005






ill eat my own balls hows that for a loving american dream

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