Can someone please explain to me why Housing prices are going

>>129330018
Because apartment living is skyrocketing so hard that if housing doesn't rise as well in just a few years it'd be cheaper to have a mortgage than rent. So housing prices rise to retain the status quo and because they can.

>>129330018
Globalists are using them as a store of value

>>129330143
I would buy a house right now if I wasn't in medical residency. Unfortunately, there's no guarentee i'd be staying where I am hence no reason to buy.

>>129330018
Because oligarchs, Arabs, Chinks and Boomers can still pay those prices.

Just one more thing our leaders have sold the common people's interests out on.

China

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>>129330018
Not sure about the rest of the country but all the luxury condos and homes here in Miami are owned by foreigners who don't even live in America.

>>129330018
Foreign money is pouring into the "hottest" real estate markets. Chinese money in San Fran/Seattle/ and Vancouver. Colombian drug money/ Hue money in Miami ect

>>129330018
You should only be allowed to buy property in the country that you reside in.

>>129330018

The value of real estate rises much faster than the rate of return of other investments, because interest rates are low.

Wealthy people from all over the world buy real estate in hopes of fast value gains, driving the value up.

Possible countermeasure: raise interest rates, but that will make many people and corporations default on their debt.

>>129330419
didn't think that one through, did you?

>>129330018

Mason homo psychopaths are all over the rental market in the UK, quietly farming people. The housing market is rigged in their favour, to give them people to exploit. They want the feudal system back, if it ever went away.

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>>129330018
Foreign money, Boomers with their 2nd rental house, construction slowdown since 2008, and migration into urban centers

>>129330018
Because people flip homes as a job so they just keep buying and buying anything that becomes cheap to renovate and markup. Worst case is they just rent out the house. In the end there are enough people doing this that they have a collective monopoly on the market and you will pay them or you won't own a house.

Plus owning a house is an expensive anchor etc.

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>>129330018

>>129330018
Jews

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Mainly because the Federal Reserve Reinflated the housing bubble. We are at EXTREME over valuation at the moment.

Historically speaking a house was 1/2 your yearly income.

Today they are quadruple your yearly income.

Keynesianism and central banking are designs to destroy and control countries and their people.

>>129330143
This. I actually own a house and have a mortgage since the mortgage is half the price of an apartment per month where I live.

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>>129330018
They got to get rid of those Derivatives somehow.
Be a good Goy, and go buy a house...

>>129330018
Mr Wong, Mr Patel, and Mr Feinstein own the market

>>129330970
When you eliminate the income tax and put taxes on luxuries and properties owned by large businesses so the only taxpayers are wealthy people, yeah FUCK the taxpayer.

>>129330980
You forgot Mr Mikhailov

>>129330941
Gold standard WHEN

>>129331210
Do stupid to really respond to.

Immigration and old people living until they are 105 years old.

>>129331639
/thread

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>>129331380
Our only chance is gone.

>>129330018
money printing

>>129330018
Jews and boomers.

>>129330018
>less brought = less built
>less built = less sold
>less sold = less brought

>>129330941
Imagine if there was just a relatively free market unregulated capitalism.

Home-prices would actually get lower gradually over time

>>129330018
immigration, dhs flies in rapefufees and they buy homes on our tax dime
just like gibs to niggers, this is another example where taxation is genuinely theft of the worst degree

Under what conditions will there be a property market decline?

>>129332782
Different kind of wars, including cultural where regions are flooded with sand rats

>>129330469
The main problem is outsourcing, this is just a symptom. I have a business sewing clothes for the italian market, and the ones I have contracts with buy 2-3 houses in Italy, while they stay here almost the entire time. Those jobs that are outsourced here take away from the italian public, while adding little to mine, because of the poor pay everyone gets. I pay my workers 1.7x the minimum wage, while almost all others pay below that. So This creates an imbalance, where people have the stuff but can't find work, and it creates rich people that just buy stuff thus raising the prices

I'm sitting here hoping for a recession. Fuck buying a house at these prices.

>>129330018
Somebody is ;)
>rent jew

>>129333376
The other recession is going to K.O the entire western civilization mate

>>129332782
>when the china bubble finally pops
>when boomers die out
>when automated vehicles make suburban living attractive again

>>129333537
Well I definitely don't want to buy in that case.

>>129330260
So you vote labor for more Arabs and Chinks.

>>129333602
That's what happens when you deviate from the gold standart mate. It's like getting fat step by step, you like the food but you don't really notice you re getting fat, or don't care cause you like the noms you're getting, until one day you die of heart attack.

>>129333537
recessions are overrated

>>129332782
>depopulation is in full swing lads
The Culling >>129323528

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Central Banking
That's literally the only reason anything sucks in any economy nowadays.
They are the root of all economic evil.
Currencies are just their playthings.
They have no real value.
The state produces fiat currency to fund itself and enrich cronies, which creates inflation and bubbles.

>>129330018
because the banks and private equity companies have made the housing supply artificially smaller through a practice called warehousing. In addition to a practice called laddering where the sale of one home can "impact" the price of 100 other houses. home A sells for 50pct increase, 100 other houses are marked as having property values that have risen by 50pct

its like when a store owner has 100 widgets in inventory but only puts 3 on display. he tells the customer, These are the only 3 i have. so customer buys one at the asking price thinking the supply is short.

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>>129331689

>>129333771
I was hoping for an economic collapse more israeli anon.

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>>129333858

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>>129333777
checked

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>>129333858
We have a solution

Millennials may not buy, but the (((real estate investors))) do.

>>129330143
Why maintain the status quo? If more people move out of cities, the more likely that factories will return to abandoned areas.

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>>129333777
we have a solution

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>>129330018
Low interest rates make money in the bank useless, rich people speculate in real state
(((banks + real state))) nothing fishy
Buy houses until the interest rates go up again. Meanwhile rent for a fortune with the excuse that real state is very expensive at the moment

People will always need a place to live.

>>129334145
sounds like he was waaaaay too ahead of his time

>>129333866
>Big chunk of working population dying
>Not an economic collapse
How do you think wealth is created? By jews passing money to each other and giving you some bread crumbs. NEETS really

>>129330788
good post.

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>>129334145
"belong equally to all" literally don't real.
By that logic, I would never be able to live anywhere, because I would be taking space (land) that other people have as much of a right to as I do.

>>129330018
Millennial fools with tens of thousands in student loans have no patience. They get an apartment they can barely afford and have no savings. The smartest thing is to establish a career, save, and buy a house.

dont worry its an endless cycle, just hope you have enough money to buy a home when the prices are very low again

>>129334627
Your boy Corbyn had a Land Value Tax scheme in his platform; not sure how far it goes but the idea is starting to pick up steam again

>>129334912
Riddle me this batman, how can you save when paying off student loans and paying for rent, car payments, etc

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>>129334830
no faggot you could live any place you wanted provided you could pay the land rent. Just because the community gets the rent doesn't mean you cant put a fence around your trailer and have exclusive access to your land.

read pic related georgism=/ socialism

>>129335069
Obviously you'll have to pay the loans. I'm talking about living with your parents for a few years and moving out by around 28. That's my plan, but it's common for people who grew up in Italian-American families. Maybe it isn't for others.

>>129330018
Chinks and (((them))).

>>129335279
What if you can't live with parents?

Not so easy now is it?

And for the record I'm 28, just finished my mba and will be living at my parents until 30 to save up but not everyone gets the same luxury.

The boomers fucked us and we shouldn't forget it.

>>129330332
Same here in Seattle.

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>>129335233
And who sets the rent rates? The state? Fuck off, commie.
"it's not socialism, I SWEAR"

>>129335233
But isn't paying property tax similar to the rent idea?

>>129330018
It is due to expansion of the money supply.

In other words, the three heads of the beast: fractional reserve lending, central banking and a fiat currency.

>>129330018
When your 401K isn't doing shit and you have to have something to live on you have to do something. Despite the headaches, rental property is the only game in town for common folks.

>>129335419
>rent rates?
The property value does, based on the market. It's stated in the first quote.

>>129335392
Obviously it wouldn't work for everyone. But I'm talking about the plenty of people who have the opportunity to and instead ignore it just to live big.

>>129330018
Zoning restrictions keeping the housing supply artificially low.

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>>129335679
I still don't understand how someone can trust an entity with the monopoly of violent force to fairly handle other people's violently-extracted property.

>>129335419
>And who sets the rent rates? The state? Fuck off, commie

The market, hence not communism; did you even read the picture?

Marx was a contemporary of George and despised him. He even called Georges ideas "capitalism's last ditch"

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>>129336050
I think you could

>>129330332
Same in france, russian mafia or chineses

>>129330018
Inflation through quantatitive easing. Your money is worth fuck all and the rich are using it to buy land.

>>129335069
He literally said paying for rent keeps people from saving, you nigger

>>129330018
My landlord owns 18 homes in my town. I have good credit, my wife and I make over 100k combined, and we have enough for a down payment. Every decent home that comes on the market landlords pay cash for and then rent out.

>>129336147
Did the old guy inherit it from his great-grandfather and can he prove it though?

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>>129336050
>monopoly of violent force
>people's violently-extracted property
seems like violence is the only true entity

p.s. not libertarian and only wanted to post my webm

>>129336147
No "right wing" says you shouldn't pay taxes. The "right wing" just wants to make sure you aren't trying to steal everything from people who work harder than you just so you don't have to fucking work yourself. If you want to make a point make a point that actually makes some fucking sense.

>>129332131
What we already have is unregulated capitalism.
The kikes who run it are not being regulated, they just pretend to be.

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>>129336147
1) His great grandfather claimed unowned land and passed it to his children. The owner has legitimate title to it, whether or not your NEET faggotry disagrees with that fact.
2) No one is forcing you to rent on that property. You could find another property, or buy your own property. Forcing someone at gunpoint to pay to live in a nation, do business in a nation, etc., whether or not you have legitimate title to your property is quite a different thing.

>>129330469
Hm no sweetie. Here interest rates are ridicously high, like 12%. Rent is always half the price of mortgage. Idk why people keep buying desu.

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>>12933668
>>129336815
>>129336892

According to royal libertarians, land becomes private property when one mixes one's labor with it. And mixing what is yours with what is not yours in order to own the whole thing is considered great sport. But the notion is filled with problems. How much labor does it take to claim land, and how much land can one claim for that labor? And for how long can one make that claim?

According to classical liberals, land belonged to the user for as long as the land was being used, and no longer. But according to royal libertarians, land belongs to the first user, forever. So, do the oceans belong to the heirs of the first person to take a fish out or put a boat in? Does someone who plows the same field each year own only one field, while someone who plows a different field each year owns dozens of fields? Should the builder of the first transcontinental railroad own the continent? Shouldn't we at least have to pay a toll to cross the tracks? Are there no common rights to the earth at all? To royal libertarians there are not, but classical liberals recognized that unlimited ownership of land never flowed from use, but from the state

>why do prices keep rising if millennials don't buy homes

Because other people are buying the houses, idiots.

That's literally all there is to it, there is no conspiracy.

>b-b-but rent prices in p-popular cities k-keep r-r-rising
Again, because people will pay... that's it.

How retarded do you have to be to not see this.

>>129336892

>using state granted privilege as shield to skim unearned income off the backs of productive peoples

>posting ancap memes

nigger just admit it your only into ancap because you like the color scheme

>>129336632
>Every decent home that comes on the market landlords pay cash for and then rent out

This is wrong, almost zero landlords/anybody buys a home up-front with cash. Interest rates are so low that if you pay that money up front, you actually just overpaid, because the price of your loan essentially decreases from inflation.

It only makes sense to invest in 5 down-payments with that capital, and saving money over the course of 20-30 years, than blowing it all on one house.

>>129330018
Because the jews are manufacturing a market crash.

>>129334830
No you just pay your tax to keep other people off of it.

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>>129337199
State granted privilege? What? I'm arguing that dude who claimed unowned wild land has a right to pass it down title of that land to his kids. What the fuck does the state have to do with it? You're talking about giving rent to the state to divvy out to everyone and question my anarchism?

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>>129337199
also how is rent unearned?? You're giving the person somewhere to fucking live, you insane person. You're maintaining the property. It's a voluntary exchange wherein both parties end up better off. RETARD

>>129336989
The problem is none of you are classical liberals. Classical liberalism is capitalism and is also the belief in personal liberty over government which means minimal government and the responsibility of the individual to provide for their own well being. The purpose of government in classical liberalism is to protect individuals from each other. It also concludes that labor itself should be promoted with financial reward and social assistance should be limited.

ALL of this is ENTIRELY opposite of current liberalism. It is ALL more common with conservatism.

I think it's just because there's more people out there who have money and they're simply spending it.

It's not the 1% doing it, housing is pocket change for the 1%. I think it's more so the top 10-15% of earners who are causing the issues. They've got enough money to live in a comfortable 4-5 bedroom home in a nice area, and they've got plenty of money coming into to continue purchasing other homes.

So unless you're in the top 10-15% of earners you're basically not going to be competitive in the housing market and will be forced to rent or live with your parents until you can save a huge down payment or to buy a house outright.

>>129330018
mass immigration the government buy hundreds of thousands of homes to house illegal immigrants

>>129337409
Short sales and foreclosure auctions. There are 1000s of vacant homes in my city because the banks don't want to flood the market with their inventory.

Buying with cash will save you 50% on a short sale. Only dumb wagecucks get mortages.

My landlord paid 70k for my house at foreclosure. 3 homes on my street have sold for 150+ a year later.

>>129330941

This guy knows whats up
https://www.youtube.com/watch?v=9e5HDVvBjvk

>>129330332
Same here in Canada

Everything is owned by (((globalist))) corporations that have no connection to the local people or culture in the area.

>>129338378
Yeah you pay up-front at auctions, but anyone who's not a retard will do this with a loan from the bank...

>>129334145
>evenly distribute land
>wait 45 years
>world population doubles
>have to rob 1/2 of everyone's land

>>129338260
you dont have to be 1% to buy up the planet. if Mr Wong from Beijing has a dog meat biz that earns him $4m/yr, he can spend half his income every year buying properties, amounting to him owning >80% of inventory in a town in just a few years.

now we know there are plenty of Wongs who earn atleast that

that is like a perpetual motion device that will eventually buy up the planet, without even being the top 30% of earners.

>>129330018
foreigners invest in america because it is still seen as a very stable and secure place.


houses, apartments, office buildings, even undeveloped land in first world countries are all smart investments for any foreigner living in a less stable country. realtor is also a 'foot in the door' and reasonable excuse for travelling to and living in a country.

They buy up whatever they can using inflated currency, especially the chinese. they have investment firms dedicated to buying up whole areas of western cities and resources.

it is our fault, we taught them our (((clever))) system of using paper IOU's as currency.

>>129330018

foreign money needs a home

check how many are being bought by chinese or russian wealthy trying to get their money out of their country

plus wall street needs something to bubbleize now that the stock market is shrinking

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>>129339022
>the stock market is shrinking
which stock market

>>129339022
>plus wall street needs something to bubbleize now that the stock market is shrinking

this is a repeat of the 2000 crash, where the govt intentionally propped up the plebian US economy by creating a housing bubble. all the unemployed switched professions to real estate.

>>129338613
Google says we have 15.77 billion acres of habitable land

so it might be a while before what your saying comes to fruition

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>>129330018
>why Housing prices are going up
Speculation.

There's a shit-ton of money somebody else has, but you don't. They are looking for ways to invest so they maximize return on investment.

They look at oil, nah, Dems might try to windfall profit tax them again. Even the oil industry is trying to get out of oil with massive renewable energy projects and scam lease auctions in the gulf.

They look at stock market, meh, the P/E ratio is way too high, market corrections overdue, too risky.

The look at the commdity's market, ugh, pork bellies, and cattle need feed. Corn and wheat too much variability with all this climate change going on.

They look at the bond market. Huh? What bond market. With the prime rate set to 1%, the bond market returns are next to absolute fucking Kelvin zero. Unless you're a credit card company grifting billions from unsuspecting customers, there's no profits to be made here.

They look at the housing market. Hmmm. They remember that people are bone-fucking-stupid when it comes to housing (re: 2007). So they buy a lot of real estate, that "pumps" the price. They wait for other people to spend their hard earned dollars buying what are now overpriced houses. Then the LPWM (lizard people with money) "dump" their real estate investments, they value of your shack plummets, but the mortgage payment you're making doesn't. They got rich again and you're left holding the bag. Again.

Sorry, tl;dr

>>129338260
Yeah and since those people have often 1-2 kids, the wealth gets funneled to those two.

>>129338128
Dear frogposter please learn a little before you start to REEEEEEE all over

Here is some information i found on wikipedia via simple google search for the term "unearned income"

As defined by the American Social Security Administration, unearned income is all income that is not earned from one's job or from one's business. Some common types of unearned income are:[7]

The value of food or shelter received from someone, or the amount of money received to help pay for them;
Department of Veterans Affairs (VA) benefits;
Railroad retirement and railroad unemployment benefits;
Annuities, pensions from any government or private source, workers' compensation, unemployment insurance benefits, black lung benefits and Social Security benefits;
Prizes, lottery winnings, settlements and awards, including court-ordered awards;
Proceeds of life insurance policies;
Gifts and contributions;
Support and alimony payments;
Inheritances in cash or property;
Rental income;
Dividends and interest; and
Strike pay and other benefits from unions.

>>129338804
>you dont have to be 1% to buy up the planet.
>if Mr Wong from Beijing has a dog meat biz that earns him $4m/yr

$4m/yr is like top .1% in the US you retard, probably .01% in the world.

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>>129330018
We explain this to you every day, so no.
You're too dumb to understand is the only logical conclusion.

>>129330191
A real estate agent living in my building told me she can get $700,000 for my two year old three bedroom condo. I am going to take three profits and my equity to buy a house for less than I paid for the condo at the presale. I think I got in at the right time and I'm bailing out now. If the market tanks I really won't mind because I will be paying 90s prices anyway. This value is imaginary and I really don't care about it.

>>129330788
>digits

holy fuck major red pill. thanks boyo!

>>129330332
This is the fucked up thing about the market. Homes aren't a fucking investment and shouldn't be treated that way. I have no fucking clue why a person who is not eligible to stay longer than three months in the country should be allowed to buy a home. There's a compromise that can be made, but the government seems unwilling to make it.

You can allow foreign investors to buy into new construction developments and earn money that way while investing into new structures, while banning after market investments. I.E. Allow them to put money into new high rises, but keep them the fuck out of flipping. Flipping is the devil.

>>129331877
this. the inventory is shit where i live for starter homes. the demand from millennials and foreigners is for temporary housing or apartments. no one is selling their houses, instead they are renting them out, because rent is sky high. all the new houses getting built are big nice houses. so inventory for starter homes is low. i am pretty sure that the market will crash again in a few years and you will be able to buy really nice houses for cheap unless the government does something to protect the people that own the big nice houses (which will probably happen).

long story short: millennials and foreigners and blacks are in an abusive relationship with big government and need an intervention.

>>129330018
Because higher prices are attractive to buyers.

>>129338487
On the flip side of the coin, boomers are making millions off of this, so it isn't completely one sided. The problem here is that it's fucking guys like you that can't afford to get into the market at all... At least until your parents are dead and you inherit that wealth. The best thing for our future that our parents can do is sell and sit on their money... And if they're good parents, give us something to use to get into the market... This is unlikely to happen however. My own dad is sitting on a million dollar tear down that he hates and he's too much of a procrastinator to do anything about it.

>>129330923
TPBP

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>>129330018
Because we're still in a market bubble.

The 2017-18 recession ought to fix this.

If you want a PDF on one of the reasons the UK market kept going up (but which will soon collapse), https://drive.google.com/file/d/0B24wHuyDETj3dzNzS1E5V1lfNkU/view is an interesting read.

(tl;dr on the cause-and-effect without the funny stories and in-depth background: people taking out mortgages with houses they already own as collateral using renters to cover the interest payments on those mortgages outbidding people with no houses who can only offer a deposit.)

Also >>129330191

and in the case of the UK, decades of insufficient housebuilding + selling council houses (which were local-council owned and helped keep down rents.) without building replacements.

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>>129339740
>They remember that people are bone-fucking-stupid when it comes to housing (re: 2007). So they buy a lot of real estate, that "pumps" the price. They wait for other people to spend their hard earned dollars buying what are now overpriced houses. Then the LPWM (lizard people with money) "dump" their real estate investments, they value of your shack plummets, but the mortgage payment you're making doesn't. They got rich again and you're left holding the bag. Again.
>Burger with a brain
End is nigh.

because the criminal bankers who owned Obama's ass, owned Dodd's crooked boomer ass and Frank's gay jew ass weren't thrown in prison like they should've been so they're doing it all over again

>>129336850
Not necessarily true. Currently, in Vancouver anyway, it takes longer to get the permits to build a high rise condo than it does to actually build it... This is causing chronic undersupply which will keep my local market stabilized or mitigate the effects of devaluation.

>>129341215
major red pills ITT

lmao @ how (((school))) doesnt teach this shit

>>129330788
Shaky ground in blaming inflation. Inflation was slightly higher during the post-WW2 "gold-standard" era. Furthermore the benefits US people have voted themselves aren't the kind of government-spending created benefits you see in the UK like free healthcare, but the cheap manufactured goods from abroad.

The problem has been financialisation of the economy (Which actually began before the removal of the gold standard - the Eurodollar market, i.e. the financial sector, helped to drive this.) and below-inflation pay increases. This too is partially the Fed's fault, though. Since the late 1970s the aim of central bank policy has been inflation control - even when inflation is low - not high employment. Now naturally, that's an incentive towards wage stagnation. Assume good faith or otherwise, it's a shit situation.
https://www.youtube.com/watch?v=sdZp5iw-UEo

You're bang on on think-tanks being bullshit, but they actually helped to engineer this with the rise of neoliberal market ideas in the 1980s: http://www.bbc.co.uk/blogs/adamcurtis/entries/fdb484c8-99a1-32a3-83be-20108374b985

In many ways the problem is even not giving individuals enough free stuff - in 2008 if we'd literally just handed people money (or businesses) the economy would be in much better shape than it is now. While people eye up the public debt with dismay, private debt is ignored - even if ramping up public debt to eliminate private debt would be a good deal. (One interesting thing missed by both the left and right is that banks, even private banks, have in many ways competing interests to traditional industry and business. So you have a left who distrust all capitalists, industrial and financial, and a "right" who often praise them - even if actually, one is relatively honourable and productive and the other purely speculative.)

There's a good bit in the back of http://digamo.free.fr/keen2011.pdf about how the financial sector and stock market interact with the productive economy.

I'm in the process of buying a house. My wife and I make $84000 a year together. Should we wait?

>>129330018
Real estate over the long term tracks the rate of inflation. I'll leave it to you to work out what that means...

>>129330788
So how do you stop the financial collapse from deflation on the gold standard?

>>129336688
What sorts of avian is dis?

>>129335069
I lived rent free until I was 28 and saved money. My in-laws allowed my wife and kids to live with them instead of paying rent so that we could save. They also liked the company. Now we're moved out, they miss us and the grand kids and sometimes talk about going in with us on building a mega mansion on their property so that we can move back in.

I was hot to live the conventional white lifestyle and pay rent and save for a house, but the market turned us into poo in loos... Those guys will all live with their parents with their own families in a big house while saving up for their own place as well as figuring out get rich quick schemes.

We should start doing it too. It's shameful and clashes with our own culture of independence, but the foreigners that do this are getting a leg up on us because of it.

Come home, white man.

>>129335233
That system so wide open for state abuse, fampai.

>>129335392
Not everyone gets that luxury and they're fucked. If you can't do it, then just work at paying your debts as fast as possible and then shunt that money towards saving for a home. In the game of Life, college sets you back... Just as in reality. You chose to go to school to earn a degree with the chance of a higher top end salary and you have to live with the circumstances. You'll get there, it's just going to take you longer.

>>129331877
>brought

go back to pakistan

>>129334097
>>129334145
explaing pls?

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Hmmm Interesting correlation happening here

>>129343034
clearly no state abuse happening now

you could deal with your chink problem buy making foreigners pay a higher LVT than natural citizens

The only affordable homes and apartments are in areas with no jobs.

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>>129336938
>Here interest rates are ridicously high, like 12%. >Rent is always half the price of mortgage. Idk why people keep buying desu.

because you had 7.6 % inflation in 2016 in Colombia so your 12% interest rate is really only a 4.4% desu

Chinks are buying up property to hide their shit from the Chinese Communist Party.

>>129330018
massive international property cartels using printed money.
large population increase

the market will just go up and never stop till someone actually starts building housing specifically for new buyers

>>129338260
Well, there's one thing to consider as far as foreign speculation and immigrant based real estate sales to the Chinese is concerned... Recently, a lot of peasants got the right to sell the land that their families have worked for generations. They're getting rich overnight and many are getting into the market because it is seen as an easy way out of China or to make a buck. You may have noticed that complete fucking peasants from China are shuffling around the streets of your country but they live in a mansion. That's it.

In Coal Harbor, for example, the condos are worth up to ten million or more... but there is a problem in those buildings that is being addressed by Strata councils almost daily. The peasants that live in these buildings are taking impromptu showers in the buildings public washrooms. Legitimately stripping naked and washing themselves in the sink in the theater amenity room.

This has injected a lot of money in our market while simultaneously ridding China of their hill billies. A lot of these peasants don't get the kind of capital to live in Coal Harbor, but they are taking their money to other neighborhoods as well... In Canada, one condition of immigration is having at least $250k in assets or cash.

>>129344068
This only really holds if you also get a 7.6% pay increase, though. (Or can expect an even larger one in future.)
(This has been the nightmare of the western world for a while. Nice, low inflation around the 2% target... but combine that with a 1% pay increase [currently the rule for most UK public-sector workers iirc.] and it starts to bite pretty fast. Meanwhile in the 50s you could have 6% or so inflation, but a 8% pay rise and have a pretty good time.)

>>129343540
Retarded burgers accepted that many millions of immigrants in a few decade, ha?
>Take shit, be shit

>>129339653
Earth has 15.77 billion acres of habitable land. 'We' don't have shit unless we buy, earn, or inherit it.

>>129342471
No, just buy the home you intend to live in forever and enjoy your life. This only really fucks people that are using homes as an investment. Sure, it would suck to be temporarily underwater on your home... but by the time you die, the value will most likely be back to, or more than, what you paid.

If you are in an overpriced condo when it tanks, you're stuck... So just buy a home that you intend to live in for a very long time and do so.

>>129330243
>use maths to determine actual passive income over time of real estate investment
>buy house
>rent through property management company when you move
Hell, rent it out to other residents for outrageous prices.

>>129343644
You will be shocked by what you consider "affordable" if this keeps up. I'm still kicking myself for not buying a house for $638,000 because it was "too expensive." Two years later and I'm looking at places that cost a million bucks and thinking that a $600,000 mortgage is plenty affordable.

We have been having this fucking conversation for 16 years. I know a guy that has been waiting that long for the market to tank and he is going to retire soon. He'll be renting for the rest of his life because he didn't have the dick and balls to just get into the fucking market.

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>>129344976
> This only really holds if you also get a 7.6% pay increase

In Colombia they automatically adjust salaries (as well as rents) by the official inflation rate, actually they estimate a 7,8 % salary increase for 2017.
The system is kind of fucked up because inflation is not the same in all the country, but who own property is usually very rich and not depending on salary to buy property

t. I own property there

sauce:
http://www.eltiempo.com/economia/sectores/aumentos-salariales-en-colombia-en-2017-49576

>>129330332
Eastside of Lake Washington prices up up up. Buyers waiving inspection which is pretty insane.
Ask different brokers what is driving? They all say-
1. Asians & Indians
2. Amazon jobs, see #1

>>129341215
>(tl;dr on the cause-and-effect without the funny stories and in-depth background: people taking out mortgages with houses they already own as collateral using renters to cover the interest payments on those mortgages outbidding people with no houses who can only offer a deposit.)

Quoted for truth

>>129330018
Welfare.

>>129330018
Lack of inventory. Homes are pending contract day one of listing. It'll rebound in two years, prices will come crashing.

>>129347392
What a beautiful smile

>>129333631
>the elite are shitting all over us!
>COMMIE!

>>129341215
The real state bubble won't stop now that they elected a real state shark to represent the sharks best interests.

Because Obongo gave niggers a bunch of free money to buy houses in white areas. Why wouldn't the housing market take advantage of govt handouts?

>>129346773
>property management company

Fuck I hate these people. Just jack the rent price up $150/mo because the middle man has to get their cut too.

>need to find an apartment
>move in to shitty house apartment
>$850/mo no utilities
>references check, police check, credit check, employment check, landlord history check, $25 application fee
>move in because in not a degenerate
>other people living in the same building are clearly drug addicts, poor as fuck, no jobs, smoke (not allowed), animals (not allowed)
>tfw making near minimum because this is a dying town

Fuck this, when the crash happens I hope these renters and "property management companies" get so blown the fuck out they cant recover.

>>129335279
>telling people how to live their lives
>planning to live with mom and Dad until 28

TOP KEK

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>>129330018

Why do you want to own a home when you can rent? Renting is the thing that's "hip" with the younger crowd these days. You can tell your friends that you have a "bachelor pad". A house can't be a "bachelor pad"; it's an empty nest for children. You should rent.