Real estate is the ultimate clown market...

this is why i jumped in buying a place to live during the pandemic. live in country where everyone chooses variable rate while i locked in a 30 year rate expecting the interest rate will have to go up to double digits eventually in the future to accomodate all the money printers that are working

idiot

just fucking wait. a lot of economics will shift because they are laggards.

it'll pay off in spades in the long run. buying my house was the best decision i ever made.

Unemployment money is jacking up the prices of rental properties.

This is such a fucking dumb meme.

Most civilized people have a birth rate that is at maintenance or below maintenance. The only place where birth rate is still exponential high is in third world shitholes like India, China and Africa.

And as long as Jamal doesn't have the opportunity to get 300k to buy a house, he isn't in competition with you.

>inb4 muh free housing for refugees

Yeah that sucks, fuck them, but that is only like 0.5% of the housing market.

lol birth rate doesn't matter when they are letting in a flood of milliion of illegal aliens and "refugees"

I read that Canada plans on replacing something like 10% of it's population with refugees over the next 5 years, grossly outcompeting the birth rate.

normies trample each other to lock themselves into 30 years of wageslavery.
>muh historically low interest rates

> locking in 2.5% interest for 30 years
Why on Earth wouldn't people be buying houses now? Rates will never be this low again.

What's the alternative? Renting?

Yeah I doubt that. And I doubt the government is just going to give up 10% of all available houses in 5 years.

One factor that is a much bigger problem, which caused the housing market to explode, is that foreign millionaires buy up huge chunks of the housing market, so that they can rent out those places and drive up the prices.

If governments would just ban chinks and saudis from buying properties the problem would disappear instantly.

However this is of course not profitable for the boomer home owners who run politics.

This.

with 47 million immigrants as of 2015.[2] This represents 19.1% of the 244 million international migrants worldwide, and 14.4% of the U.S. population. Some other countries have larger proportions of immigrants, such as Switzerland with 24.9% and Canada with 21.9%.

because you're not actually saving anything if a $250k house @ 4% ($948/mo payment) inflates to $300k @ 2.5% ($954/mo payment). if anything you're worse off because down payment is a percentage if you want to avoid PMI/MIP jewery, so your $50k down on a $250k house is now $60k down on a $300k house.

i'm not saying there is an alternative -- there is no alternative unless you're one of those edge cases that wants to live in a van or can realistically live in a cabin in the woods or buy a house in some cheap rural shithole where the only jobs are slaughterhouses/warehouses/walmart.

just accept the fact that america's housing future will be like europe's: most people will never afford to own a house so the status quo will be to pay a jewish landlord rent until the day you die.

its basic macroeconomics, the supply stays constant but demand keeps growing therefore it pushes the price up

the alternative is paying your landlord's mortgage, instead of your own.

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You'd have lost more if you have to pay more rent than mortgage for 20 years straight and end up with nothing. Even if you'd have rented the place for 80 years, you'd never own it.

And yes paying rent each month costs more then paying mortgage each month. The only benefit you have with rent is that you can always move to another c u c k shed if something bad happens.

you have to also compare the price of gold

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>dont buy a house bro
>just accept the fact that you will never be able to buy a house bro
>ignore the fact that right now you can easily buy a house bro
>idiot

exactly this^. the real problem i see, in this thread and elsewhere, is that zoomers/millennials are incapable of saving down a down payment, or building their credit score, because they're retarded. financing iphones, not paying down their balance, ubereats instead of cooking and saving money, etc. literally, it's two generations of insufferable retards.

i agree with you but you're arguing two different things. i'm arguing that people who pay $300k for a $250k house are fucking retarded niggerbrains who know fuck all about basic finances, because those """historically low interest rates""" are saving them nothing. at best they're breaking even. at worst they're shouldering a larger down payment and higher property taxes for the rest of their life once the county does an ((((assessment)))).

i really hate the american government and boomers for enslaving their children but that's the awful world we live in. nothing is ever going to get better in any way. just give up on everything, including this just buy a house.

not everyone wants to live in some defunct white trash shithole and work in a factory or a slaughterhouse for the rest of their life.

t. moved away from one of those towns and housing was still a fucking ripoff in that town

What makes a house a 250k house instead of a 300k house?

it already paid off for me considering i have been homeless in the past so having a place to live was of primal importance for me, so far this is the best decision i have made and has cemented to me the notion that you could cure a lot of societys ills by simply providing housing for very cheap to those who cant afford it

have you completely ignored real estate in non-nigger urban/suburban markets for the past 6-12 months?

the alternative would be to do basic math and realize that if over half your income is going for a roof over your head you cant afford to live in that location and you should move where there is cheaper real estate to rent or buy

that's true but you're completely discounting jewish market manipulation as the underlying cause of the problem.

there are zero places in america you can afford rent on a single minimum wage income. rich people did this on purpose so they could charge even more for housing. life is a scam.

i literally did it while working four hours a day so dont give me that, and i was an illegal alien, had a one bedroom comfy place in BFE