Millennials, what does it feel like not buying houses?
>Buying property in CA
Retard tier
feel like pure shit just want house with picket fence why did boomers do this I'm crying and shaking rn
Why?
If you have a 500k+ house in california where the property tax is pegged at 200k or less value, DON'T FUCKING SELL IT! KEEP IT IN THE FAMILY AND PASS IT DOWN YOU RETARDS
The southeast US is becoming a more viable and cost effective profit center. Texas is the new and better California. With Florida not far behind. Not to mention their vastly improved government management. California is outlived its usefulness.
bought mine with the first buyer home credit from obama.. paid 99k cash. Now I'm sitting at 275K+ all mine.
Taxes, traffic, gun laws, homeless people, hispanics
You basically get paid a lot in CA or NY but live artificially poor
This. Life long not poor Californian here. If it doesn't come with acreage or water rights it isn't worth buying.
Live in HCL area. Don't think I can save enough for a decent down payment for a while.
Renting in cheap neigbhorhood to save money rn.
feels like I don't have any mortgage to pay. renting my grandparents house after they died and nothing has been replaced since 1979.
saving money and finally bought a whole BTC. might get 32 ETH also if we crash.
eventually in 5-10 years I will renovate everything and my parents will probably give me the house. rural america is nice and quiet.
thats not how property taxes work. they get reassessed.
>never have to mow the lawn
>never have to trim the shrubs
>never have to rake the leaves
>never have to treat for weeds
>never have to change the roofing
>never have to replace the AC Unit
>never have to replace the water heater
>never have to replace the calcified piping
>never have to wash the carpet
>never have to repair the hardwood
>never have to polyjack the driveway
>never have to get pylons to level out the sinking stick-built shitshack I owe hundreds of thousands and thirty years of my life for
>never have to heat, cool, light entire house
>never have to dump thousands of gallons of water to grow grass
>never have to remodel a kitchen or bathroom
>never have to pay $4k per year in property tax
>never have to pay $3k per year in insurance
Feels like a literal several million bucks, turbocuck
It is how it works in California under Prop 13. The proposition decreased property taxes by assessing values at their 1976 value and restricted annual increases of assessed value of real property to an inflation factor, not to exceed 2 percent per year, which has not kept up with the real market value of properties, hence how you could have a $500k house assessed at only $200k ish.
damn it
t. NY sucker
All these payments are subsidized in your rent.
and he'll never get any of that money back when he moves
Prime example of hating from outside of the club because you can't get in
I rent a house from my parents. I cut the grass every 2 weeks, and thats about it. My plumbing needs to be replaced eventually but thats what a land lord is for. Fuck owning a jew house for 350 to 450k here in seattle.
does it fuck it up if you take out a reverse mortgage on bank value?
not always. the estimated value of the house i live in is $770k. With 20% down @ 3.79% my payment would be like $2970, while my rent now is $3000.00, but my landlord pays the pool cleaner and gardener which is $200.00 a month and he has to cover all repairs and maintenance. So in my case to purchase the house I live in I would have to put up a down payment of $150k and my living expenses would rise at least $170 a month.
I wish I could afford a house, but here in the northeast you need to be making at least $250k/year to buy a shitty house in an average neighborhood. Property taxes alone are almost $2000/month here.
No, because a reverse mortgage isn't a sale of the property. You only lose it when you sell the property. Oh, I should have also stated that if you purchased your property after 1977 you do not qualify for prop 13 and your property taxes are astronomically high compared to country wide average.
>he thinks he's going to get decades of maintenance cost, labor, time, effort, mortgage interest, insurance premiums, and property tax """back"""
>after he tips the realtor 6%, of course
Yep, one of my friends from college has a Santa Monica house in his family from the 60s or earlier and it's worth about at least a million, they pay 2k property tax a year on it.
Yeah I have a friend in Venice whose grandfather has owned the house they live in for years and and he’ll probably keep living there after he’s gone (and keep the low property tax rate). Been thinking of buying a house in Santa Monica (I rent there now), but I’m not convinced that I want to spend the rest of my life or have kids here.
It's impossible buying a house if you arent born in a richfag family
I not only bought a house but I paid it off early. I'm way up over where I would be if I had been putting the extra cash into (((stocks)))
t. 35 year old boomer
California is such a massive scam if you didn't buy a house during the boomer years. You are stuck paying sky high rent or paying sky high house prices AND you pay high income and sales tax.
You could always go to the Midwest and live a modest life there.
No, stay in your shit hole and die in your cubicle.
>Non-existent job security
>US will be a 3rd world shithole by 2050 with the exception of a few upscale gated communities like it's fucking South Africa.
>Thinks that buying a home in current year is a good idea.
Kek enjoy your failing empire.