A residential crash is coming for places like Chiraq and other Democrat run cities too. You will be able to buy houses for next to nothing soon, as long as you don't mind living in a corrupt, crime-ridden shithole. See Detroit for reference of the future of these cities.
If you are wanting an affordable house in the suburbs or in a rural area, you are shit out of luck. They are expensive due to the demand for them from the people fleeing the cities.
I do wonder, however, if the potential coming crash might reach to outside the cities but nearby, too. I wouldn't mind living sort of near a corrupt crime-ridden shithole, if it's not too close, and the price is right.
Maybe if this was 08. The best hidden agenda of the Obama administration was how effectively they destroyed American towns by flooding them with immigrants to push leftist policies. East Michigan being flooded with Muslims wasn’t an accident.
At some point the inner city housing will be literally free to buy - because the goal is ongoing revenue from property taxes. The government doesn’t care about the value of the home unless it informs tax values. So we’re eventually going to see property taxes divorced from home values entirely. The government will become your de facto landlord, collecting rent in the form of taxes, against a property you “own” but which has no value. It’s backdoor government housing for all.
I have some insights into this. First off, almost all the suburban companies are actually owned by the same company. If one goes down, the next one buys the assets and continues. So it's not money laundering per se, but it is a market run by a single group.
The second part is how much everything is based on the idea of growth. If they aren't selling homes for more and more expensive amounts, they can't continue. There's been a lot of speculation on when the tipping point t happens, but not real numbers.
A lot of places like inner city new York became a giant rich person area as things plummeted in the area. So the drop in prices means 20 years from now it will be even more expensive.
The best option is to build cheaper homes and sell them for cheaper. If you don't raise prices, but sell in bulk, then the entire market will have a hard time competing with you. This is where tiny homes, smaller homes, 3D printed homes and others come in. Trudeau wants 3D printed homes, while others are promoting smaller homes.
Meanwhile architects have big displays that are mostly facade for modern expensive homes. Keep in mind, these are just boxes with wiring and plumbing. There are programs that can do that pretty quickly. Heck, there are groups trying to get a GPT style house builder that can work with those programs. I will be part of a group researching that over the fall. I'm trying to prepare as much as I can.
So, wait 5 years and watch the prices plummet as the industry itself tries to get SJW money to stay afloat.
Sure, but that's far from the only issue. We also have stupid regulations and government in general, as well as the overall economic meddling. Even with those forty million (who I agree shouldn't be here), houses should and could be more affordable than they are.
know why city councils and other government entities are meddling? because boomers own houses. if their property value drops for any reason they are underwater on their equity loans. they'll vote rezoning and continuing creation of regulations as they buy their 4th vacation home and tell you to pull yourself up by your bootstraps. just like they did. thankfully they'll be gone soon
Sorry, that's lazy bullshit. Boomers are allowed to own houses, and most don't own four vacation homes. Yeah, they had it easier than we do, which let them buy a house. And? They should have a house. I just want one too.
But acting like an older person wanting to live in a house they own is somehow entitled or screwing it over for everyone else is commie nonsense. I hear people I respect saying that; it's a common talking point, but I don't think it's well thought out.
Now let's do residential, so I can actually afford to own my own home.
A residential crash is coming for places like Chiraq and other Democrat run cities too. You will be able to buy houses for next to nothing soon, as long as you don't mind living in a corrupt, crime-ridden shithole. See Detroit for reference of the future of these cities.
If you are wanting an affordable house in the suburbs or in a rural area, you are shit out of luck. They are expensive due to the demand for them from the people fleeing the cities.
Yup, unfortunately probably correct.
I do wonder, however, if the potential coming crash might reach to outside the cities but nearby, too. I wouldn't mind living sort of near a corrupt crime-ridden shithole, if it's not too close, and the price is right.
Maybe if this was 08. The best hidden agenda of the Obama administration was how effectively they destroyed American towns by flooding them with immigrants to push leftist policies. East Michigan being flooded with Muslims wasn’t an accident.
No. When the locusts eat everything in the big field in the center, they're going to go looking.
At some point the inner city housing will be literally free to buy - because the goal is ongoing revenue from property taxes. The government doesn’t care about the value of the home unless it informs tax values. So we’re eventually going to see property taxes divorced from home values entirely. The government will become your de facto landlord, collecting rent in the form of taxes, against a property you “own” but which has no value. It’s backdoor government housing for all.
How is this different from what they're already doing? Property tax is the clearest violation of the right to private property ever.
Even Detroit isn't cheap with the decades of accumulated back taxes and penalties you'll be forced to pay before you get the keys to the house.
Oh yeah, they'll blast their mumble rap and their guns to "keep the rent low."
Nah, sorry, residential is only going up. The government needs to house all those illegals.
The government is our enemy.
They're going to start converting empty office space into refugee pods.
Companies are already waaaaaaaaaay ahead of ya.
Watch them shit and piss down the elevator shafts like the South Africans.
Or we could kill them and throw the bodies into the ocean.
I have some insights into this. First off, almost all the suburban companies are actually owned by the same company. If one goes down, the next one buys the assets and continues. So it's not money laundering per se, but it is a market run by a single group.
The second part is how much everything is based on the idea of growth. If they aren't selling homes for more and more expensive amounts, they can't continue. There's been a lot of speculation on when the tipping point t happens, but not real numbers.
A lot of places like inner city new York became a giant rich person area as things plummeted in the area. So the drop in prices means 20 years from now it will be even more expensive.
The best option is to build cheaper homes and sell them for cheaper. If you don't raise prices, but sell in bulk, then the entire market will have a hard time competing with you. This is where tiny homes, smaller homes, 3D printed homes and others come in. Trudeau wants 3D printed homes, while others are promoting smaller homes.
Meanwhile architects have big displays that are mostly facade for modern expensive homes. Keep in mind, these are just boxes with wiring and plumbing. There are programs that can do that pretty quickly. Heck, there are groups trying to get a GPT style house builder that can work with those programs. I will be part of a group researching that over the fall. I'm trying to prepare as much as I can.
So, wait 5 years and watch the prices plummet as the industry itself tries to get SJW money to stay afloat.
I'd love to see what abject horrors 3D-printed AI homes will bring. Maybe it'll achieve an IRL M. C. Escher staircase.
That's only possible if someone doesn't review it all first. Which means the Winchester House will be ordinary very soon.
Sure, but that's far from the only issue. We also have stupid regulations and government in general, as well as the overall economic meddling. Even with those forty million (who I agree shouldn't be here), houses should and could be more affordable than they are.
know why city councils and other government entities are meddling? because boomers own houses. if their property value drops for any reason they are underwater on their equity loans. they'll vote rezoning and continuing creation of regulations as they buy their 4th vacation home and tell you to pull yourself up by your bootstraps. just like they did. thankfully they'll be gone soon
Sorry, that's lazy bullshit. Boomers are allowed to own houses, and most don't own four vacation homes. Yeah, they had it easier than we do, which let them buy a house. And? They should have a house. I just want one too.
But acting like an older person wanting to live in a house they own is somehow entitled or screwing it over for everyone else is commie nonsense. I hear people I respect saying that; it's a common talking point, but I don't think it's well thought out.