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Here is the housing thread, post about housing currently in the US housing is kind of expensive if you haven't purchased a home yet then lol here are some graphs, please post more stuff to add to this incredibly lazy OP tyia    homes lol  
actionjackson has issued a correction as of 16:25 on Apr 22, 2022 |
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Apr 22, 2022 16:18
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time for coastal yuppies to take their 6 figure remote work jobs to bumfuck interiorstate and drive the home prices there up
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Apr 22, 2022 16:31
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Relin posted:time for coastal yuppies to take their 6 figure remote work jobs to bumfuck interiorstate and drive the home prices there up i would place more of the blame on private acquisition of homes with intent to rent but yeah, gently caress them
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Apr 22, 2022 16:33
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absolutely but i just learned about that behavior so it's my current grudge
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Apr 22, 2022 16:36
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homoner
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Apr 22, 2022 16:42
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People buying as part of a speculative market, to make airbnbs, to make standard lease rentals are all significantly more damaging than people leaving expensive areas to more rural ones trying to eek out a better existence. I'm not making 6 figgies at work and had to move from a market that was being blasted by property inflation to one that was a bit better. I had 0 chance to own a home in the other place even if I found a spouse that made roughly the same as I do. In here I might be able to own a home in a decade if things dont get crazier. Back in PR the home prices were destroyed after Maria hit, now no islander can afford to buy a home around the coast and the government is actively encouraging tax evading millionaries to gobble up as much as they can from the island.
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Apr 22, 2022 16:42
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market bad
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Apr 22, 2022 16:43
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train PFC to this thread, tia
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Apr 22, 2022 16:57
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Apr 22, 2022 17:18
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https://twitter.com/my_jabroni/status/1517138145405325315 the housing market has been insane in canada since at least 2010 as we had no real correction in 2008 keep in mind the D&D canadian housing thread is 10 years old and everyone there including me expected a collapse only a few years after the thread started. we're morons!
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Apr 22, 2022 17:23
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Dreylad posted:keep in mind the D&D I will not!
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Apr 22, 2022 17:29
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https://twitter.com/Markzandi/status/1516541056317329414
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Apr 22, 2022 17:35
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Something tells me that people who live in rural Ontario sort of overplayed their hand and all of the people who bought little shacks at 1 million hoping to sell for 3 million are about to get owned
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Apr 22, 2022 17:41
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homebuilding in the us collapsed in the 80s and never recovered and now it cost half a million dollars to buy a house in minneapolis
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Apr 22, 2022 17:43
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HouseLigma
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Apr 22, 2022 17:45
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no one does 20% down without a gift and it's annoying that people pretend it's a thing. you do 5% down and eat the $100 a month PMI, because housing inflation goes faster than being able to save
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Apr 22, 2022 17:50
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lol now add property tax
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Apr 22, 2022 17:52
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vancouver is absolutely lovely and one of only two cities worth living in in Canada the other being montreal, honorable mention halifax gently caress to toronto
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Apr 22, 2022 17:53
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mastershakeman posted:no one does 20% down without a gift and it's annoying that people pretend it's a thing. you do 5% down and eat the $100 a month PMI, because housing inflation goes faster than being able to save Yea if you just wait like 18 months the house's value will go up so much you will have over 20% equity and can get the PMI to go away.
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Apr 22, 2022 17:58
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mastershakeman posted:no one does 20% down without a gift and it's annoying that people pretend it's a thing. you do 5% down and eat the $100 a month PMI, because housing inflation goes faster than being able to save Just be rich!
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Apr 22, 2022 18:01
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Centrist Committee posted:market bad like, zoinks scoob! *70% of paychecks go to housing*
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Apr 22, 2022 18:03
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TehSaurus posted:Just be rich! the rich are the people like my friend who is paying 30k in property tax on 120 year old house nowhere near the lake, with a mere 3200 sqft and a tiny lot. bought it for a mere $725k. so the principal & interest barely outweigh the ptax
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Apr 22, 2022 18:04
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CongoJack posted:Yea if you just wait like 18 months the house's value will go up so much you will have over 20% equity and can get the PMI to go away. This is how we refinanced out of PMI during the rate dip in 2020, and went from 4.75% to 2.875%. We bought in 2018, and over <4 years of payments our equity has gone up almost 4x our downpayment, almost *40 times as much as we've paid on the principle* entirely on the back of value increase. In that same time period, our property tax reassessment has risen almost 20%, which would have put us underwater except for both of us getting raises and 2 full percent off our original mortgage. Even with 2 computertouchers, we couldn't remotely afford to buy our house now. This is all on top of the fact that we were both A) lucky to not have student loans and B) lucky to buy at literally the lowest price housing has been where we live since 2008. Out of our circle of ~15 friends, two others own homes: one guy who had to move to WV, about 2 hours away, and another guy who is a bit older and who originally got on the homeownership train by inheriting his parent's house in CA before moving to this coast (where he could afford a townhouse). Everyone else rents or lives with their parents, and zero have any real shot at homeownership at this point.
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Apr 22, 2022 18:10
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mastershakeman posted:no one does 20% down without a gift and it's annoying that people pretend it's a thing. you do 5% down and eat the $100 a month PMI, because housing inflation goes faster than being able to save It's me, I was the idiot who lived lean through my 20s and saved up a 20% down payment I'd have come out far, far ahead if I'd just gone all-in on a 3% down payment 2 years out of school
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Apr 22, 2022 18:24
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the appraisal district in Austin doubled my property's appraisal this year, lol. i thought i avoided getting owned after snagging a house last year, but no, i am still getting owned
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Apr 22, 2022 18:33
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I'm not interested in buying anymore, I just want an "affordable" apartment in Brooklyn that's less than an hour from my job. 1 Bedrooms are going for $2500 easy in Brooklyn. I went to an open house for a $1900 studio apartment in a lovely neighborhood and 5 other people showed up. It's bananas
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Apr 22, 2022 18:41
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mastershakeman posted:no one does 20% down without a gift and it's annoying that people pretend it's a thing. you do 5% down and eat the $100 a month PMI, because housing inflation goes faster than being able to save my friend who bought a house in Seattle told me her parents gifted her Starbucks stock lol
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Apr 22, 2022 18:41
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Not a Children posted:It's me, I was the idiot who lived lean through my 20s and saved up a 20% down payment you still could by putting 5% down now and doing something else with the remainder
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Apr 22, 2022 18:42
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Not a Children posted:It's me, I was the idiot who lived lean through my 20s and saved up a 20% down payment we can afford 20-25%% because we've lived very frugally for a decade but dont have the income to service the mortgage lol lmao
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Apr 22, 2022 18:44
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indigi posted:you still could by putting 5% down now and doing something else with the remainder INVEST IN BITCOIN
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Apr 22, 2022 18:45
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bvj191jgl7bBsqF5m posted:Something tells me that people who live in rural Ontario sort of overplayed their hand and all of the people who bought little shacks at 1 million hoping to sell for 3 million are about to get owned Good. I'm not sure what the bigger contributor to housing inflation is, AirBNBs, or gigantic investment firms like Blackrock or Predatory Real Estate companies like Redfin. Anyway this could be fixed on a federal level by charging a vacancy tax of 100% on all non-primary residences in Urban areas. e: Also give HUD the entirety of the pentagon budget and change the KPI's to emphasize reducing homelessness at the expense of all else. ate shit on live tv has issued a correction as of 18:54 on Apr 22, 2022 |
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Apr 22, 2022 18:49
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Trump will house you
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Apr 22, 2022 18:53
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*phone rings* *dummy me, expecting it to be the call from the doctor I was expecting*: "Hello?" "Hi, I'm Joe Schmoe from rear end in a top hat Realty. Is this Kreeblah?" "Yes it is, and I'm not interested in selling." *line goes dead*
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Apr 22, 2022 19:01
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ate poo poo on live tv posted:Good. millenials being frozen out of the market from 2004-2018 due to economics, boomers not loving dying and staying in their homes, ton of demand and 3 trillion of liquidity and 0% interest for Capital and nowhere for them to invest it except property = new bubble that wont burst until the neolib collapse and fascist takeover
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Apr 22, 2022 19:04
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Lol if you live anywhere
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Apr 22, 2022 19:05
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Good news workers 28-45!! you will be able to buy a house in around 10 years. bad news, all minorties and non-evangelicals will be hunted down and forced into camps and the world is on fire and there is no water
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Apr 22, 2022 19:06
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I pay $1400 to live in the one of the suburb valleys of Los Angeles in a 1br apartment. I got insanely lucky when I found this place as it's fairly spacious, has a parking space in a lot, is cool with my dog, and the landlord doesn't talk to me about poo poo and hasn't raised the rent since I went month to month. I got engaged last month and we're talking about moving (fleeing) to Michigan to be close to fresh water and be at a higher latitude in anticipation of climate change. We also loving hate slogging through traffic and crowds to do anything.
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Apr 22, 2022 19:29
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Ive posted about cheap houses in Detroit in the doomsday thread, but it sure looks like everything rehabbable is being bought up, with everything else being left to absolute ruin. a quick look at the stats and yep, even in extraordinarily undesirable rustbelt cities surrounded by blight, homes have gone up on average by 28% in the last year.
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Apr 22, 2022 19:29
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Relin posted:time for coastal yuppies to take their 6 figure remote work jobs to bumfuck interiorstate and drive the home prices there up
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Apr 22, 2022 19:32
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At this point I've gotten so many offers for my house I'm considering just countering with some insane number and seeing if they bite.
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Apr 22, 2022 19:35
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