Why Aren't Millennials Buying Houses?
because millennials arent getting married, and they don't make enough money to buy a million dollar home/apartment in the big liberal city where they work.
Well these boomers are certainly getting cucked on their property tax assessment, but I think they're going to have a hard time dumping their bags on someone else.
>big liberal city
>Arlington, VA
Wtf...that has "Bubble" all over it.
because the housing markets about to crash
Because Boomers know what they got and won't take lowballs
Live in Northern VA outside DC - can confirm housing is a bubble around here and never seems to drop in value. Very difficult to be young and afford a home in this area, most likely you will need at least 1 roomate just to split an apartment, more if getting a house.
Everyone here basically has to go further out west, sometimes even to west virginia to find a 300k house they can afford. 300k.. in west virginia
All these gov't officials and high paying IT and IT sales jobs have all the houses in good locations
That's a pretty good return, but it's not huge. Stock market with re-invested dividends probably would have done better.
>I know what I have and won't sell for a cent less!
LOL
Exactly because of your pic.
Deteriorating property us worth 10x more than 20 years ago when millenials were teens.
Unemployment up. Wages stagnant if not lower.
Why would we buy now? Boomer will die. Then real estate will go down. Demographics.
Boomers trying to get a gorillion dollars from their shitty papier mache McMansions.
>unemployment up
>pay stagnating across the board
>shit gets more expensive
>not even counting the behemoth that is meme debt
Shit isn’t hard to figure out. You’d have thought people would learn after 2008 but I guess not.
Aus government now looking at providing grants of up to 25k for home renovations, taking my FUCKING TAXES AND GIVING IT TO BOOMERS TO DRIVE UP THEIR HOUSES I CANT AFFORD FUCK
NOVA is a liberal shithole full of foreigners and federal employee niggers
We're too poor.
Up to 40k, only for first home owners but I aint falling for that meme. Shit is gonna DOMP
real talk, when will housing prices bottom? surely they're going down over the next 5 years, but when do we know there is a bottom?
No it'll just get bought by some bank and bundled into mortgage bonds with the prices supported by central banks buying the bonds and then rented out yo the goyim
You dumb fucking idiots. The prices will never go down for you to time the markets. They might grow slower but that's the best you can hope for. Stop throwing your money away on rent ffs.
lmao here in Canada 20% of homeowners are deferring payments aka bankrupt compared to only 8% in America when their bubble burst, Canada and Australia are mcfucked
Bump
Its been fucked in aus for ages, the government will go so far to prop it up its not funny. Way too many people with insane household debt
Nah, the chinks and poos will save us. Diversity is our strength!
Only if you had $190,000 in cash idiot
Dumb fuck ok. We're deferring payments and sticking all our wages in stock market. We'll be paying the mortgage and we both have an extra 40k stock market portfolio. Really makes you think
And these are the people offering financial advice here. Oof
I'm all ears Mr I've got $100k I know what I'm doing. There's a level there that you're behind on.
Don't ever post my house on this website again or I will contact the authorities.
But shipping containers are aesthetic if you don't just plomp it down on a slab of concrete
in the year 2100 population will peak. Housing prices will go down as population declines from there.... which means prices will peak sometime before 2100, maybe even today they are at the peak