Why Aren't Millennials Buying Houses?
never buying boomer bags, and never selling my fucking linkies
Im 26 and own 2 houses, my friends also own houses. It's just a narrative spread by overly loud lefties.
calm down satan
bought a house in July and it's value has already increased by $15k. It's expected to increase by another $22k over the next 12 months.
cringe:
>buying boomer shanties
based:
>buying land innawoods and contracting the construction of your own house on it
elder god:
>buying land innawoods and building your own house on it board by board, nail by nail
>It’s a boomer bought a bag with zero liquidity episode
ngmi
Lmao we’re so fucked.
The 71,000 dollar they spent on that house in 1983 is equivalent to $182,245.81 today. This proves how fast the housing market has gone up.
>((((BLS))))
>(((CPI))))
it's much worse than they let on. gold is a fucking retarded boomer rock but if you want the hardest redpill of your life go look at the s&p 500 priced in terms of gold.
Hail SATAN! Bernie and crew are going to give them free houses, so why bother getting a 30yr loan now when in a few years they'll get one for free comrade!
That shit happens only with 200k houses where they put down 50k, go do that with a jumbo loan, I dare you.
Yeah I bet you’d build a fucking plywood shed with a shit bucket in the middle
How would you even buy a house as a wagie? It's like we're outcasted from the american dream
I will send some niggers to hang out where you live, after that its down 33%.
Not buying your bags, boomer
DEBTMAXXX. my gf's white trash mom makes $45k a year with 2 dependents (grandchildren) and was approved for a $190k mortgage. it's a clown world.
I can't even afford $700 rent on a 1977 single wide mobile home
where the fuck do you live. you're getting kiked worse than the cucks that pay $4k for a 1br in san fagcisco.
And the worst part about it. They’re not built better. They’re built worse now. Cheap stucco (depending where you live), zero back yard, small front yard, you can literally see into your neighbors home because they’re built so close, cookie cutter homes, and the insulation is horrific. Buddy bought a home for 350k. It’s literally some European style shit. The neighbors are so close it’s insane. The backyard is about my wing span. His truck doesn’t fit in the garage so he has to park it on the street, doesn’t even fit in the driveway either. Literally concrete front yard. I still congratulate him for getting a home at 26, but still. It’s like you have to ask yourself. Is it really worth it?
The absolute state of the white nigger in 2020.
>what's wrong, goy?
>you don't want to pay $3k/month + taxes and still share a wall?
>btw the HOA is an extra $300/month
Is 1740 sqft much in burgerland?
Here in germany you arent allowed to build anything over 1500sqft
This. Boomers trying to unload their overvalued bags onto us. Not falling for their scam.
better than having nigs and pajeetas as your neighbors
average new construction boomer mansion is like 2300-2500 square feet. so yes that is small, extremely overpriced, and it's basically paying $500k + HOA to live in a glorified apartment complex for debtslave retards.
This is real inflation. Scarce assets like Real estate, stocks, precious metals prices are going up in response to dollar devaluation
checked and that would be a $10,000,000 home in LA county at a minimum
You have no idea how good you guys have it over in america compared to us, you need to cheese the sytem to get the approval for 2500sq ft here.
I do site development and public infrastructure, often work with homebuilders and land developers. Do not trust houses build after 2000. They are complete trash. Contractors cut corners and joke about what they can get away with. Homeowners bribe inspectors to lie to you. Insurance will not cover your back, never.
I plan to eventually buy a small rural lot and oversee every aspect of the house I custom build, even if that means the labor/materials costs 2x more.
can i buy a 150-200k house with 40 down and a 740+ credit score but having no reputable work history? I've never made more than 30k in my life and im genuinely doubtul ill ever actually make real money, but i do have 70k cash
The turning point was when kikes shrunk suburban lot sizes from 0.5-1 acre straight down to 0.2 acre. Forget commie blocks - we capitalism blocks now
>but it used to be cheaper
umm, things increase in value sweetie
That's basically $SPY over the same period. It's also not a great example since Charlottesville has UVA which is a top 3 public school and has lots of money flowing in.
I'm 32 and saving money living with parents. Once I meet a girl and settle down(when I'm in my 40's) I'll move out and buy a house.
canadian real estate is incredibly valuable, without help from mommy and daddy majority of young people cannot afford a house here