Why are millennials uninterested in owning a home? Do they seriously

Is your life so empty you have to post this thread time and time again?

Why buy a fucking home when housing prices are going to crash? Low interest rates won't last forever.

>>128884220
>they can't go negative
wait and see kiddo, wait and see

>>128884220
Get a fixed loan. Then they will stay low.

>>128884405
A fixed loan has a yuge premium cause they have priced in the fact they are pretty confident rates are going up.

>"Owning" a house.

>>128883259
>or rent an apartment for the rest of their life
We don't want to, but there's few other options after what the Eternal Boomer did to our housing markets

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>>128884360
only spaniards have seen today a bankrupt bank being bailed out by another insolvent bank

>he thinks you can "own" something

have fun paying off a house (read: loan) for 15-30 years, dying, and none if it mattering anyhow

>>128883259

whenever there's a thread about millennials, why is it always accompanied by a pic or webm of this 40 year old mtf transsexual?

>>128884983
Except you can leave it to your kids as an NG+

I won't buy a home because every neighborhood worth living in has some faggot HOA. I will never join one of those old people power games. Fuck HOAs. My car got towed in front of my moms house by her faggot HOA when i went over there for twenty minutes. Fuck HOA and fuck buying a house to see it surrounded by niggers fifteen years into the mortgage. I can move whenever I want and wherever I want with an apartment.

Buying land is a better option, why buy a home that's only going to get more difficult to afford when you can buy land which will go up in value and can build anything anyone is desperate for raking in more money?

>>128883259
>1 POST BY THIS ID

>>128883259
>tfw my parents are going to move back to their home country for retirement and leave me the house, which is in the best neighborhood in the city, so I can rent it out

Lol, must suck to be a debtslave.

>>128884804
If this isn't definition of madness I don't know what is, I am not saying we're much better mind you, our government stole a lot of people's money to do bailout 8 years ago

Oy vey, goyim, why don't you take out loans from Shoastein & sons?

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>>128886298

Same happened here.
Wonder what will happen when their globalist scam will end.

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>>128883259
>Buy a shoddily constructed box that is collapsing before the paint is even dry.

>>128883259
It's not a matter of choice - they simply can't afford one. Housing prices today are triple what they ought to be, and the situation isn't helped by the fact that Boomers bought up millions of cheap starter homes during the Recession and converted them into shitty rental properties.

My parents bought their first home, a 2BR/1BA in the mid 80s for $24K. The cheapest home in the same neighborhood today is $190K

>>128887265
Is it another housing bubble?

Why are these threads constantly made , presumably by the same people.

>>128886776

Your banking crisis hasn't even begun.

>>128884220
>mfw I see people buying houses when the bubble is about to burst
>mfw I see the same people living in general debt and "buying" things they that they don't need and can't possibly afford
>mfw they laugh at me for not doing the same

>>128886776
It makes me wonder how things might have turned out with real capitalism. This isn't like the "But that wasn't REAL Socialism" argument, this goes beyond semantics. Capitalism with fiat money isn't capitalism, no matter which way you dress it up.
I expect the end to be the same as every other end though. With a lot of blood.

>>128887381

It's a lending bubble. No one can get loans to buy homes for a variety of reasons.

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>>128883259

>>128883259
>uninterested in owning a home

I know I'm from BC so I got it worse than most but still ahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahah

>>128887891
>Capitalism with fiat money isn't capitalism, no matter which way you dress it up.

Can we at least be on the level about this?

Fiat currency in and of itself isn't bad. Bitcoin for example is fiat.

The problem is who controls the money supply, and with a responsible government you can have a decent fiat money system.

The issue is central banks with a profit motive to inflate our currencies and incite trade wars.

>>128887891

But will it ever burst? I have been waiting for 8 years and both house prices and stock market are just increasing every year. It's like I don't understand economy at all or it is too good to be true.

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>she will never get blacked

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>>128883259
Although you lose all the money you spend on rent, it is easier to plan a budget, if you know exactly how much you are going to spend on housing for that year. Owning a home subjects you to unforseen expenses that can make budgeting pointless.

Yes, a home may end up worth more than you pay for it, but when you factor in these unforseen expenses and interest on the loan you took, the investment may have actually been a loss. Rentining is 100% loss, and it is hard to imagine a 100% loss on a home, but if you compare the money you could make investing elsewhere (such as the S&P500) to what you make in a home, over the same time period, it may not be as attractive. Especially if you factor in time spent doing work on your home, which could be spent working a job, if you were renting.

Oh, and if you find out your neighbors are cunts, its easier to just move out 1yr after you moved in, than to try to sell a home that was just sold last year.

Personally, I would be more interested in owning a home that I rent to people (not niggers) than a home to live in.

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>>128883259
>Why are millennials uninterested in owning a home?

Keynesian economics and centrally planned monetary policies and banking. Its a designed destruction. Its not millennials.

>>128883259

Too expensive and wages are too shitty.

>>128883259
if you dont own your own home with a decent mortgage at 30 you have literally wasted your life.

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>>128888566
Spot on. Keynesian economics was the biggest mistake in recent human history. We need a return to reality-based Austrian economics and a sound-monetary standard.

>>128883259
Why do you show a video of some dota people driving around?

Findin me a childless gilf to fuck until she gives me her house.

>>128887381
It's a rental bubble.

Renting means you aren't building up any equity in the property, and because rental costs have been driven up so high (almost as high as a regular mortgage in some areas) it means people aren't saving any money by renting, either. The majority of people under 40 aren't or can't afford to make long term financial investments like homes and families anymore. That's EXTREMELY bad news.

>>128883259
Because there is a great conspiracy to enslave Americans. Unless you pay cash, you will end up paying more than double the asking price for a house, half of that money going to (((bankers))). And unless you're rich, you can't pay cash for a house in today's market. And you can't save up because rents are too damn high. The way out of this is to live with your parents until you have the money saved, but that's frowned upon by the culture at large, and odds are your parents are in the same debt trap and can't afford you staying there.

Findin me a childless gilf to fuck until she gives me her house. Yeeeeaaa

>>128889087
Not our fault you have shit, family values and a retarded desire to buy new things that are generally useless.

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>>128888952
Here's my edit of that picture.

>>128889343

and mass exporting of jobs to asia

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>>128885519
>le funny souls game joke XD

>>128883259
is this the new Funhaus porn parody video?

As long as Fannie and Freddie Mac exist the housing market will never be stable.

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>>128888566
>>128888952

So much this!

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>>128889342
No, but it is your fault there's a housing bubble and a debt crisis.

>>128883259
isnt paying property taxes just like renting?

Most people can't get credit for a loan in the amount of current home prices because there are too few homes on the market right now because homebuilders haven't been able to get finance to build enough new homes because banks would rather loan that money to builders that are building apartments because it seems like a safer investment and millennials seem to want to live in them because wages for recent graduates haven't risen in the past 20 years and millennial women are squeezing out kids later than other generations so they don't care if they spend longer in apartments before settling down.

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maybe its because i can barely afford to keep my head above water working 40 hours a week for 10.00 an hour. that's assuming i get my full hours.
most people are in the exact same boat and can't even scrape money together for a medical emergency or car trouble let alone buy a house.

I can't really afford a home in my early 30's with a good paying job. I mean I can but man the premise of paying so much for a mortgage seems like massive cuckoldry.

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>>128889982
i hope i get to see the day where all 12 federal reserve buildings are destroyed and all their workers executed on live tv.

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>>128883259
They've been told their whole lives that global warming will ruin the planet by the time they hit 50. Who the fuck would buy a house in that reality? Avocado toast, anyone?

>>128883259
>Do they seriously believe they can live at home or rent an apartment for the rest of their life?

Sure, I'll just kill myself the day before I turn 30 in 5 years.

>>128890080
It's a hell of a lot cheaper. Property taxes are factored into rent...

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>>128890143
Nice job graduating high school. Maybe get an education and you won't be doing so garbage at life.

>>128883259
>Do they seriously believe they can live at home or rent an apartment for the rest of their life?
>live at home or rent an apartment

Don't lump these two together. OP is a faggot.

>>128883259
Home buying advice from a burger, who's country had an infamous real estate bubble burst.

Good idea, listen to this guy he won't be fucked in a few years.

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>>128883259
Because it's all crashing down soon. Even those who don't know can feel something isn't right.

>>128890351
Yeah keep giving the worst jobs to millennials and calling them cucks, I personally can't wait to purge the generation directly before mine for being completely worthless to me

>>128883259
Fucking goyim not taking out massive 30 year morgages at over 9000% interest

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>>128890713
huh...

My flat is cheap as fuck. 250 a week split between me and gf and we both work full time. Little one bedroom thing right on the coast. Funny thing is it has "millenial" owners who used to live in a van. I've got enough for a small deposit on a house but I really just don't want to put roots down. I'd be paying the thing off for probably a time equal to my life so far. So the choice is.. become a debt slave now, or wait until I can pay more of it outright? Even if that means waiting to inherit.

I'd rather spend my money on things like travel while I'm young and can enjoy it fully, than slave all my life for the bank and do some cushy tour in retirement or worse nothing at all.

We would rather buy some land to be more or less self sufficient one day than some random house in the suburbs that the bankers want a piece of

>>128890602

This. You can certainly rent an apartment your entire life. Probably makes more sense to get a lower mortgage for a cheaper Condo if you want to continue the apartment living lifestyle so you at least have some assets when you get old though.

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>>128883401
Bot or scheduled thread.

>1 post by this ID

>>128890723
Amen. Kill the boomers all of them.

>>128890839
Funny how that works, isn't it?

It depends a bit on the country, but there are usually some common factors that seem to correlate across the western world. Some of the points below will obviously only apply for Norway (where I was born), or countries which followed similar policies, but other reasons have been pretty much universal.

In Norway, the country was a mess after the war. Northern parts had been burnt down, as the Nazis were pulling out, and everything was pretty much in shambles. The gov. countered this with house ownership / building programs, and even started a bank, literally translated to "house bank". The goal was that everyone should be able to own a house.

One way to do that, was to build cheap and fast. As the Boomers became adults, in the mid 60's / early 70's, the could afford to buy either used homes, or build new ones. Sure, the interest rates were high, and people ended up paying for their homes a long time...but they COULD do so on a "normal" salary. They could get work straight out of Jr. HS at age 16, and be home owners by they were in their early 20's.

By the time the Boomers were in their 30's, most owned homes, and were midways on paying it down. We're now in the late 70's.

Fast forward to the 80's...Boomers are now in their 40's, mortgage free, and are looking into new ways of investing their money. Before that, everything was heavily regulated. The Financial markets, the real estate market (at least in Norway). Privatization also spurs up.

What used to be subsidized, was now private. Private Banks could finally earn big bucks on handing out loans, and people could flip houses at whatever prices they wanted, people could take out loans/re-mortgaging against their homes. All this, mixed in with high consumption, led people to take out gigantic loans, a building housing bubble, and a subsequent crash.

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>>128888158
>Bitcoin for example is fiat

It isn't though it has a limited amount and we already know what that amount is.
I do agree with you that fiat money can work though and isn't inherently bad. In a sense the National Socialists used fiat money. The difference being obviously that under National Socialism money is just a tool that makes life simpler (instead of bartering for example) and it isn't the be all and end all like it is (((today))).
My main gripe is that it simply isn't capitalism and people say it is. It's faux-Capitalism or simply (((capitalism))). The way I see it is that there are three types of government; capitalism, National Socialism/Fascism (I'll just use them interchangeably) and (((Communism))).
Like I say capitalism doesn't exist because almost all the gold is already in (((their))) hands so the (current) currency isn't actually backed by anything and unless you get that gold back you can't have capitalism (unless you use another precious metal instead of gold which isn't going to happen). So change capitalism for (((capitalism))).
Out of those three only two aren't outright banned. The two that aren't banned are (((capitalism))) and (((communism))), almost like it was deliberately done that way so you can have the illusion of choice, but no matter which one you pick you'll always be under (((their))) command.
Purely because of that there's almost guaranteed to be multiple civil wars which will probably accumulate into a world war. Only this time (((they))) will have nowhere to go because they've destroyed the only two people who ever gave them refuge (USA and Europe). What will they do? Flee to Israel and be surrounded by people who hate them more than we do and, ironically, would have already destroyed them if we weren't protecting them? Africans, South Americans, Asians they're all wise to the Jew.
They've painted themselves into a corner with paint that will never dry.

>>128884360
>>they can't go negative
They are negative here in Sweden, not for people but for the banks borrowing money from the central bank.

We have a yuge housing bubble. You still get cheap housing in small towns and rurally though.

Also what is the prices like in Spain? Are they going up or going down in the future? I was looking at some rural land in Galicia

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>>128888369
It is too good to be true. There's always a collapse and it's all because of the system we use. You can't just print money off with nothing backing it or you end up with those meme Zimbabwean notes.
Money's value comes from what backs it and with fiat money nothing backs it except supply and demand. It's literally the Emperor's New Clothes. You're told it's worth X purely because two (((tailors))) tell you it is and only people who are (((redpilled))) can see it's true value so you fall for it.

https://en.wikipedia.org/wiki/The_Emperor%27s_New_Clothes

In Judaism all debts are reset every 7 year because of the whole rebirth thing.
They don't do that now because that would be relinquishing power over people who have debt. By (((pure coincidence))) though something similar happens every 7 year that means money can be taken out of the pool to bring it back down to more manageable levels. This has happened since 1952 (I think). Just two years after Israel was established. Like I say. Pure coincidence.

>>128883259

Home prices are retarded right now, I've rented for the last 20 years and I see no issue with it. I hve no kids, no debt and can change jobs/cities/countries as I like.

fuck off with your stagnant way of life.

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>>128890558
alright i guess im voting for bernie in 2020 because that the only way i can afford to go to college.

and i have 2 degrees from a technical school one for IT/ computer repair and one for carpentry and im still stuck

>>128890991

From then (early/mid 90's), real estate prices have gone up much faster than salaries have, with exception of a small speed-bump around 07-09. Boomers have been able to take out new loans on their first house, and then buy house number 2, 3.

Some have been able to sell their old houses with huge profits, and buy stuff that they'd never been able to, with the respect to their incomes. Many will buy their kids their first home, or at least help them, by simply re-mortgaging their house. No unprivileged kid can compete against that.

Another important fact is that many boomers petitioned a lot to get various zoning laws and codes in place, that makes building new housing more difficult. You have codes that prohibits new housing, if it destroys view / sunlight / aesthetics / etc. the neighbors. In many places, this makes it practically impossible to build taller buildings. If housing developers send in applications for a modern block building, you can bet they'll get stonewalled by 20 neighbors, with zoning codes on their side.

So, if you ask a 20'something - 40'something around here, why Boomers ruined the housing market, they'll probably say:

They reap the benefits of a re-building (economic) program as young, which they then discard/change as they get older

They vote for laws which benefit and encourage hoarding houses

They vote for laws and regulations which make it almost impossible to build new houses at a reasonable price, which in turn keeps their home prices high.

They take out huge loans for consumption, and try to earn back the money by jacking up rents on their house number 1,2,3, etc.

They drive up prices to artificially high levels, because their (then cheap) assets are now worth millions.

It's a long and complicated story.

THE SAME THREAD

ALWAYS THE SAME

WHY ASK WHY

>>128883259
People since centuries lived in rented apartments or in houses inhabited by their family for generations. We're finally returning to normality after suburban sprawl and modernistic urban planning.

>>128890997
It can't come soon enough.

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>>128887891
>>mfw I see people buying houses when the bubble is about to burst
>>mfw I see the same people living in general debt and "buying" things they that they don't need and can't possibly afford
>>mfw they laugh at me for not doing the same

>tfw people think you are poor because you don't have the latest iphone on a payment plan and don't go on vacation every year but in reality you have as much saved as they have debt.

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>>128890917
Gotta catch me first

>>128888431
I will black her.

>>128890632
at least their houses are affordable, unlike ours

Its kinda funny how people buy huuuge mcmansions that will basically be Detroit tier shit by the time they pay of their debt.

>>128891175

Go move to North Dakota or some place with fracking shit going on for like a year and save up. The jobs in those areas require basically no skills and pay well.

https://www.indeed.com/cmp/Youngquist-Brothers-Oil-&-Gas/jobs/Shop-General-Laborer-4654b9a8ba268dbf?

I can buy a bigger home from the French Riviera, next to Monaco for less than what homes cost currently in Helsinki.
If you want to buy a home that's not a total rathole, it would take forever to pay off a mortgage in this day and age.
Not to mention the amount of expenses that come from owning a home over here, are nearly on par with paying rent.
They recently started offering ultra long loans, because people aren't able to pay them off in a timely manner, also to try and lure in the younger generations.

>>128888952
>reality-based Austrian economics

what do you mean by this?

Building houses is where it's at anyway, in this time of rising prices due to high demand. If you know what you're doing so you don't get cucked by high quotes etc you can take a 200,000 loan and build a house that will sell for 500,000. And you're not just playing the market, you're meeting it's demand. Obviously numbers will vary depending on where in the world you're looking at but there is a lot of high demand around from speculation and real growth. Build somewhere just outside where the bubble is reaching now.

Better than playing with numbers

>>128892260
Real estate is a highly local phenomenon. Property in "desirable" locations in the US (coastal SoCal, Washington, NY, etc.) is ballistic. Personally I'd rather live like a hermit innawoods.

>>128883259

Renting is underated. It gives you flexibility in mobility, no property taxes.

Roof leaks - landlord fixes it
Basement flood - landlord
Cut the grass - landlord
plow/shovel snow - landlord
paint - landlord

Renting is underrated.

>>128883259
Why couldn't I rent for ever?
Buying a home can be a sound investment, but like any there are risks and rewards. I am doing well income wise, live alone and like the privacy. When my stove broke, one phone call problem solved. As a home owner I wouldn't have this option. Where I live costs are about dead equal for equal things. I also live simply so that money instead of putting all my eggs in one basket goes in to the market. The market has been greatly out pacing home prices, so really I'm making more money.

If I want to buy a house, next dip I could get something simple like I want with out a loan. Had I bought when I could first afford it I'd be in debt with no investments.

Now in regards to it not being the worst if you are a family person, owning is darn near a must it's your castle for you and your family.

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Why are millennials so terrified of having to grow up?

>>128883259
fucking sage

>>128883259
Some of us live in commiefornia where houses are expensive as fuck

>>128883259
They all believe that they need a 5000 sq ft house. They have also been indoctrinated to believe that they can't afford marriage and children.

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>>128883259
waiter! im gonna need some sauce on this webm.

>>128893173
Maybe you shouldn't be a sanctuary state?

>>128883259
They have no concept of deferred gratification. Investment is just that. They live in the hear and now. Which is why the blow to have as employees and why they live at home lol.

>>128891039
Where I disagree with you is that gold is just a shiny rock - anything you can say about US dolars for instance I'm pretty sure you can say about gold.

It's a shiny rock - it might have limited the expansion of money supply but the fed could just buy more gold or reduce the fraction of gold that an amount of currency represented. and the gold standard was bad for international trade and stable exchange rates which gold bugs never acknowledge.

>>128893590
Or housing prices are currently as high now as they were right before the bubble burst, but without the loose credit that let young people actually get homes in those days.

>>128884220

Dude if you buy a house you can afford fluctuation in prices don't effect you.

All of the nonsense about "omg my houses value dropped ma mortgage" from the crash is for lowiq fags.

Don't get a 2 year interest only. Get a 30yr fixed (mine, currently is 3.625%) and you're golden.

Millennials are dumb af, /thread

>>128893386
its footage from some dota 2 tournament with brazzers photoshopped in. The people in the video are Soe, TobiWan and RedEye.

>>128884794
Unless you're in a major metropolis that's horseshit.

>>128884983
Buy a home in your 30's. Own it over time. When retire, sell it.

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>>128883259
>Do they seriously believe they can live at home or rent an apartment for the rest of their life?
With Trump in power, I think nobody's making plans to be alive in 3-4 years.

>>128883259

just like marriage they can't commit to anything long term and serious because they've lost their sense of identity because culture was stolen from them and thus have become unsure of themselves

>>128887265
>It's not a matter of choice - they simply can't afford one. Housing prices today are triple what they ought to be

Only true in a few markets.

>>128888952
Technology.

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>>128894414

nationwide, homes are more expensive now than they were right before the Great Recession faggot

>>128893590
Deferred gratification.. is that your word for being a slave? Now I know how to work hard. I was in the army for a good part of my 20s. But now I'm not. I can hop around the world and find work. And my partner will come with. We've started fresh in a few countries already with nothing but backpacks. Now here with a sweet rental flat, car, jobs

If my mother got a new degree and career at 45 while I was at school then why can't I? Whats stopping you from doing whatever you like other than debt

>>128894058

Very good. Suggest other dwelling arrangements apart from apartments and houses which are not interminable and thus non-starters, then.

Personally, some big aversions to home "ownership":

1) Unless you buy a house straight up right out of the gate, which is not feasible for most people (people don't want to live in Tiny Houses(tm) for 50K), you haven't "bought" a house. You don't "own" anything. You're on a jewish debt yoke which is meant to oblige you to continue producing for and participating in society.

2) People have this mistaken idea that, even if you own a house outright, you somehow escape /paying/, specifically paying rent. Hint: you're still paying rent to the government. It's called property taxes. This together with general maintenance which are totally your responsibility. Whether you rent or you own, you're always going to /pay/.

I've been debt free for almost a decade and I refuse to go into debt again for any reason. So no house.

let them rent...makes me money...housing market crashed in 2008, I took all my cash I saved and bought 4 houses in SW Fla ...houses that are now worth $175-225k for $50k..spent $200k and sitting on $1,000,000

so if you know crash is coming...turn what you can into cash, wait for crash and then profit from other peoples mistakes

I'm saving up for a home, but only make 20 an hour. Taxes eat up more than you would think too. Too lazy to go back to school, so it's my own fault, but it's gonna take a total of 23 months plus of saving before I'm even comfortable with throwing a down payment, and that's because I'm a thrifty jew. Most millennials spend more on going out and normie things, so takes them even longer

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>>128888158
This.

End to end users decentralization or at the very most, private small decentralized banks are the only way currency can uproot all problems with itself and capitalism and free markets can finally emulate the invisible hand to its fullest to satisfy and develop proper consenses of human needs both of and to persons and entities.

Tl;dr: pass the bikes, race car now

>>128885519
>"buy" house in 1995
>nice neighborhood, only a few streets from your own childhood home. lots of families and old people, with a good few niggers in the next neighborhood over
>2015
>neighborhood is infested with niggers, old people being carjacked in their own driveways, gunshots arent uncommon
i guess you just gotta go big or go live at home, black flight is destroying white neighborhoods

>>128891175
Join the postal service I make 20 an hour and will be at 30 in a few years. I dropped out of high school. Also 40k a year pension at 57

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>>128888952

>>128883259
House are mostly priced in a way that requires 2 incomes, plus young people have a harder time buying houses since the pricing has raised exponentially.
Most people don't know this, check the newspaper for house auctions. It's a good way to get a house a lot cheaper than it would normally cost you.
Another option would be to buy a house outside of the city, but that's not attractive to young people.

>>128883259
Houses have become incredibly expensive. Partly due to the population increase in the cities due to immigration, but also because the municipalities are buying up apartments to use as housing for newly arrived immigrants, which drives up the prices like crazy. In my town (population of 100k) there's a huge shortage and the municipality just bought like 80 apartments to be used for newly arrived immigrants. That may not sound like a lot but it's a significant portion of all apartments coming up on the market in a year, and the taxpayers are paying for it twice: First by the higher housing prices, and also because the taxes are going to be increased to pay for this (and other stupid shit).

>>128895663
I bet we live in the same neighborhood as this happened to me.

>>128892764
Responsabilities and shiet

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>>128893451
If we weren't a sanctuary state, then all the rich Jews and commies wouldn't be able to use our housing market for money laundering and speculation though!!!

>>128885833
HOAS keep Nigs out anon. They hold property value

>>128895729
Ive looked into auctions in LA, but all the ones I've found require cash payment so that's out.

>shlomo landlord increased rent by 3% because hey gotta keep up with inflation!
>company i contract for increased their rake because they felt like it
That's why

Fuck this gay earth

>>128891788
m8 i'm 22 and just reached $30k in savings and min wage and I'm unsure what to do, i've put most of it in stocks and i'm currently wait for a nice big housing market crash to buy up a house.

problem is rent is eating away at my potential gains.

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>>128883259
>need a hefty deposit for a mortgage
>cant save up for it because you need to pay extortionate rents

It's a self-perpetuating cycle of poverty. The irony is that the repayments on a mortgage would be less than half of what you pay in rent for the same residence, but the kike banks don't give 100% mortgages out anymore.

>>128896806
Thing is you have a choice. If your rent was instead a mortgage, you wouldn't even be thinking this way

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>>128883259

All the houses are owned by boomers as investment property. The prices are through the roof and the quality is down. If you want to buy an old house in a rural area, you'd better come up with 20k cash and a mortgage. What's that, you can't get a mortgage because you have 100,000 outstanding in student loan debts in a low paying entry level job? Guess you're not buying a house. Oh wait you got a good degree and you want to buy a house where the economy is actually working? Well you'd better come up with 300k for the down payment on a 1.5 million dollar house.

>>128897370
true my dude, true.

>>128889066
Honestly if I could get a mortgage based on my income for a somewhat decent house in the area, I'd save about 225 a month compared to renting.

Its that first 10% downpayment that's the hurdle.

My credit is in the tank

>>128896694
That's how it is for foreclosure auctions. Banks always prefer cash.

>>128883259
Most are only children so they wait for their parents to die to get the home.

Their purchase power will be inferior to the one their parents had.

It's easier to buy a home as a couple, but relashionships are more unstable for millenials so it's highly probable the home will be sold before the loan's end.

>>128883259
Im am millennium and i want a home. I will have a home because i realized early on to go to trade school. However, high rent rates, and never being a damn thing home ownership, and im sure student debt for many others, rising cost of living, and ecetera have made it tough. Life sucks. The traditional family unit has been destroyed for the vast majority of americans. Who wants a home when you'll just fill it with whore who will take your children from you cause she got bored.

>>128899365
>Im am millennium
What

>>128891191
This!

>>128896806
Buy physical silver with all of it. There are really cool industrial uses that only works with silver and its a historic monetary metal.

Or at least remember that i told you to do it, that way you can lose countless nights of sleep over it in the future.

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>>128883259
This whole millenial "thing" you got going is fucking retarded. Faggot.

>>128883259
Millennial here, I own a house and rent rooms to millennial students. Easy money!

>>128883259
I just bought my appartment, i got 350k at 1,5% fixed for 20 years. If i was renting my appartment, i will pay the same price

>>128885519
Yeah.....if that were the norm why would I want to buy a house, shouldn't I then expect to inherit one?

/pol/ talking about economics is like watching a bunch of downies talking about physics. Yes you can teach them the terms but they will never really understand the science behind it. They will just yammer and laugh in agreement until some not-retard comes along and gets it right.
Austrian school is for retards, complete retards.

>>128884983
>>128887891

You get a massive tax break while you're paying off your mortgage. It's way cheaper for me to take a 250k loan to pay each month than it is to rent out an apartment. I pay more per month but thousands less on income tax every year.

>>128883259
>Why are millennials uninterested in owning a home?
Homes are expensive and generally lock you down to one location while you get stuck paying for it for decades.

>>128886776

"Total derivative exposure" is meaningless. If you've got an interest rate forward on some currency pair you're hedging, the notional principal it's covering might be something like 100 million dollars, while the actual value of the contract (since it's based on small movements in interest rates) would be less than a few hundred thousand.

Couple that with the fact that financial institutions will always take out opposite positions to close out contracts, and that number is reduced even further.

You can check DB's balance sheet, the actual value of their derivatives exposure is like 4 billion euros (not really that alarming for a gigantic international bank).

>>128897895

You can put down as low as 3%, but you'll have to pay PMI. You're still putting your money into equity rather than throwing it away on rent. If you were former military you can even get a house with no down payment in some places.

>>128908587
god forbid the free spirits are chained up

>>128909343
>god forbid the free spirits are chained up
If you buy a home then decades later niggers come into town and lower all your property value you take a loss on the property.

It is akin to buying a home in Detroit before it was a shithole and buying one now when they go for a few hundred dollars a just tens of thousands of dollars.

>>128883259
Millennials are lazy, ignorant, nihilistic and financially insecure. Owning a house requires the opposite of all these traits. Millennials are perpetual rentcucks.

>>128883259
Fine by me. I'm 23, graduating in November, and hoping to walk into a 6-figure job. If the housing market stays this cool I can walk into whatever house I want.