You will end up like the rest of the world though. Canada and US are dealing with this shift right now.
Yall do know the federal reserve is the main cause of the inflated housing market right?
- Thread starter Ethnic Vagina Finder
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You will end up like the rest of the world though. Canada and US are dealing with this shift right now.
So then you should understand why housing is expensive in these cities. Simple supply and demand.
It’s hard for some people to understand simple economics.
Have been bidding on houses for over a year. It’s crazy. I’m seeing some of the first houses that we bid on soar up in taxes though. We were factoring in monthly payments around 3600 or so, but with the new taxes it shot up significantly. This market is crazy for the everyday person
Ethnic Vagina Finder
The Great Paper Chaser
it depends on proximity. Growing up my aunt lived in chesterfield Virginia, but commuted to DC.
I know a few people that live in PA, but commute to NJ of NY .
UberEatsDriver
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- Brooklyn keeps on taking it.
Yea I almost committed from NY from Delaware once. Yea if you got the money it’s cool cause Allentown PA is affordable especially if you making that NY salary
sayyestothis
Free the guys
Why complain? Take advantage of it. .pool money together with ur community and scoop up some investment properties.
We cashed in on a couple...one in Queens as a mixed use jawn and another restaurant in baltimore
We cashed in on a couple...one in Queens as a mixed use jawn and another restaurant in baltimore
Exactly
When y’all group fall out the properties will be sold to some rich foreign group.
This is another thing we need to lobby against.
Get these real estate investment laws changed.
Let me get my note pad out..
compared to NY & NJ yes, but they’ve flooded the market. My fam moved to Atown from NYC In 90s & paid 50k for a 4 bd room when I was a kid. 15 yrs later that shyt is 200k. 3 of my neighbors just sold their houses in BK & BX for 600-750k last yr & paid 180k CASH for the same houses in my block that were 30-50k 15 yrs ago while keeping 3-400k in the bank.
Yeah because we’re allowing foreigners to play us like we stupid and I’m starting to think they’re right.
O.T.I.S.
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Bro we’re talking about the middle class trying to buy homes but can’t because the extremely wealthy are buying homes IN BULK and owning property in the states basically inflating housing prices (rental prices as well) and destroying the middle class in certain cities
Pulling our money together in random communities to do what? Buy a couple homes and living with multiple families?
Even so, how is that going to stop anything? And living with a bunch of people sharing a inflated mortgage in a small space is cool to you?
My family actually had this idea but it’s not going to CHANGE anything
O.T.I.S.
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And I bring up Hawaii because housing prices are BEYOND ridiculous but it’s wealthy white people and the wealthy chinese buying up homes from the locals..
and tbh, the homes aren’t even worth those prices but they buy them up, fix them up (sometimes), then rent them out above rental rate leaving the middle class assed out
shyt, damn near isn’t a middle class. nikkas have to share homes with multiple families just to survive out here
It’s one reason people got mad at Zuckerberg for buying millions of dollars worth of Hawaiian property
and tbh, the homes aren’t even worth those prices but they buy them up, fix them up (sometimes), then rent them out above rental rate leaving the middle class assed out
shyt, damn near isn’t a middle class. nikkas have to share homes with multiple families just to survive out here
It’s one reason people got mad at Zuckerberg for buying millions of dollars worth of Hawaiian property
Low interest rates are a stupid Milton Friedmann-esque thing. I think the idea is if interest rates are low enough, rich people won't sit on cash savings and will start investing. Meanwhile banks keep increasing the difference between what they charge us and what the federal rate is. And like OP said rich people just go from cash to sitting on real estate.