America's Looming Housing Crisis

[Uitomy]

Nah, the landlords gotta get beheaded

At this rate the landlords not even the real land lord's, more like lower Management cause they don't even own the homes either. I think we just screwed.

 

[Thatrogueassdiaz]

Biggest scam are HOA fees. At the end of the day the number one thing people look at is how much can i afford to pay per month with my lifestyle. HOA takes a huge chunk out of affordability and they don't bring much to the table. I don't think it's wealth transfer i think it's inflation from all the debt we are in. Housing is one issue where I'm for more government controls such as not allowing foreign buyers, higher taxation for multiple properties, etc. Housing shouldn't be looked at as an asset to speculate on.

Government controls will come soon. Maybe not this run with Biden, but in 5-10 years there will.be sweeping housing reform

 

[Thatrogueassdiaz]

Land and Real Estate is cheap in the Midwest, Great Plains, and Mountain West


But everyone wants to move to the coast and drive up the prices

Think about quality of life, jobs, pay, social aspect...its not that simple

 

[King]

If the government don’t step in and regulate these corps and criminals then most people only hope is a revolution and a messy one at that.

Two words: private police

 

[Contrefaire]

I get it an investor group buying everything up colluding to sell for more is definitely real. But the number has to work from the next buyers perspective too. Let me give you a real example... I can't just go to Detroit buy up the whole block throw a bunch of money in it to renovate and then find me a seller who will pay my price because there's not many people that can afford it to make the numbers work from my perspective. Why can't they afford it? Because there's not enough good jobs there to sustain it.

These corporations can snatch up entire blocks of houses one by one (all for well over asking mind you) then rent out the individual homes for as much as they can possibly squeeze out of renters until the property values increase enough that it's more profitable to sell than hold.

One of the best and most effective ways to force neighborhoods to gentrify at an unnaturally rapid pace is to first buy all the available property at exorbitant rates (thus arbitrarily inflating collective value), do some shoddy flip jobs then turn them into expensive "newly renovated" so-called "luxury" rental properties.

In doing so you push all the lower to lower middle class (aka undesirable) residents out entirely, while simultaneously making the neighborhood "safer" and more appealing to middle class people who want to live in a home-like environment and can swing the $2600+ per month rental fees, but can't afford/aren't able to save enough for a down payment.

 

[RareHunter]

Naw, this isn't inflation as far as the housing market goes. This is point blank investors buying every house they can.

I had a house that was only worth 80k last year, I just sold for 180k. And I can honestly say it was only worth 80k lol. It needs complete rehab, roof and all. Them buying it for 180k let's me know they plan on selling it for 250k minimum. They didn't even do a good inspection on the house.

This is something else breh...I feel it.

What people don’t realize is the ability to own property is what grants people true freedom and the ability to gain wealth or pass down wealth. Many old boomers today who are retired, no longer have to pay for much but maintenance on the house. As a renter you have no wealth, are building true wealth, and how will u retire peacefully?

This is an intentional preparation for the U.S. economy to plummet and have a society of renters. There’s also zoning law as of areas in the wilderness that they don’t want people to live. They will force people who are self sufficient to move into cities. They want most people renting and in cities by 2030. There is no escape. They offering my grandma 370k to sell and all the mail and phone calls are about her selling and with urgency.

 

[Strapped]

We do not have any housing shortage , what we have is affordable housing that the poor or underclass can afford . Stop spreading false information from the same people who create the bs .

 

[sayyestothis]

Naw, this isn't inflation as far as the housing market goes. This is point blank investors buying every house they can.

I had a house that was only worth 80k last year, I just sold for 180k. And I can honestly say it was only worth 80k lol. It needs complete rehab, roof and all. Them buying it for 180k let's me know they plan on selling it for 250k minimum. They didn't even do a good inspection on the house.

This is something else breh...I feel it.

Cause it's worth 250k breh. All these loans are being written with so much scrutiny and regulations that people are buying houses that CAN afford the house.

We haven't had any legit market growth on property values since before the recession. Just because things are appreciating all in the past 2 years doesn't mean there's a bubble...average it out over the past 10 and rate of return is nominal.

I wouldn't say and wait for a deal on a 30 yr asset and just buy if you like something...

 

[Butters]

There is no crisis. The fed will not let the housing market crash again.
You seen what they been doing during covid?

Killing whities by letting them eat horse paste?

 

[Azul]

Nah, the landlords gotta get beheaded

Please put a sock in it with this shyt. This situation is not as simple as "evil" landlords.

 

[CodeBlaMeVi]

Currently trying to buy a new house in Florida. Prices are double to triple what they were.

I'm bidding against zillow, open door, and a bunch of people moving here from other States.

I'm talking houses being snatched off the market in one day, two days max. Everyone is paying way over the asking price.

The thrifty in me, is telling me this is temporary. But something is telling me this is bigger than we think. This is a wealth transfer!

If you're not making at least 30-40 per hour type money...you're not going qualify for a home loan! You will be a permanent renter.

These HF and investors are buying all these houses, and they're not renting them for $800 anymore like you were able to find just last year. $1200 minimum.

It's going down!

Thats why two-income households are a necessity now.

 

[Sonic Boom of the South]

When the fukk has there not been a housing crisis?

 

[KING WILL]

My old townhouse:

2012: $109K Purchased
2015: $141K Sold
2021: $225K Last Sale

 

[Prolific]

Flipped my house earlier this year for $70K in profit.

I had that shyt listed less than a day before I accepted an offer. Sometimes I regret selling it but I have no intentions of going back to OKC.

I was on Zillow the other day looking at houses in ATL; Buckhead to be exact, and there's folks that bought their house for around $600K and now selling it for $1M - $1.2M... That's absolutely ridiculous!

 

[Prolific]

846 Springside Ct NE, Atlanta, GA 30342


1/17/1996 Sold $456,700
12/8/1998 Sold $540,000
9/20/2021 Listed for sale $950,000


That's one helluva investment. If that doesn't show you that homeownership is key to true wealth in this country, I don't know what will...