How will America address the Rent crisis for 18-25 yr olds
- Thread starter igottabaldhead
- Start date
beenz
Rap Guerilla
I watched this entire story on 60 minutes via youtube last week. it's quite disturbing if you're someone looking to become a homeowner.
also, all ya'll folks who thought the south was ya'll safe haven, notice, that they are buying up all the fukking homes in the southern cities ya'll flock to.
beenz
Rap Guerilla
I did not know this. chicago doesn't have HOA's unless u live in a condo or in some suburbs. but most suburbs don't have HOA's either.
it's unheard of to find gated communities or HOA's in the actual city on a residential block.
Red States aren't for Black folk and should be treated as Klan country...
Most black people in this country are from these red states
Godless Socialist CEO
Superstar
Hence our struggles
MooseMouthMthafuga
Veteran
We're going to end up being forced to migrate towards Billings Montana & North Dakota
Nah, they'll run thereWe're going to end up being forced to migrate towards Billings Montana & North Dakota
ExodusNirvana
Change is inevitable...
To be fair, the Chinese and Russians own a significant part of NYC real estate and a lot of these units are either empty or are unusedOn top of that, these landowners/capitalists got nikkas blaming Chinese and Russians. You can't make this shyt up
Meanwhile, there are thousands living on the street or in the Subway, or just in danger of losing their homes/apartments.
So fauxgressives (usually whites) clamor "We need more housing!!!" when really the only people that will be moving into that housing are well off white people with disposable income because they are the only people that could possibly afford those units.
The real estate developers that build that housing? 25 year tax abatements so they're all about it
Meanwhile, anyone (usually Blacks) in that neighborhood or area will slowly but surely be pushed out because they can no longer afford to live there or just don't have the employment opportunities that would allow them to build wealth or maintain income levels to sustain themselves.
TheKongoEmpire
A Wilsonian Garveyite
"Crash" might be hyperbole so I'll use the term "correction" but that's what I'm waiting for.
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TheKongoEmpire
A Wilsonian Garveyite
Their last few bastions.
MooseMouthMthafuga
Veteran
That's my new land!.....
Rell Lauren
Banned
Have to make at least 125 to live comfortably.
I'll go with correction. With my own eyes I've seen homes in my area swing $80k +/- over 15 years. During that time period people were living in homes that wasn't worth the mortgage value, to now having positive equity.
the bossman
Superstar
Two. And I'm not oblivious or blind to recognize that it would be 2-3 times as more difficult to make the same moves in TODAY environment.
When I bought my place I didn't have 100k student loan debt thereby impacting what I can afford, homes were not 400k+ on average, it was not a climate where I had to bid against multiple billion dollar investment firms who were buying up whole neighborhoods.
If you can't see how much more difficult it is today especially since wage increases have not been anywhere near the same rate as COL increase then you are just wilfully ignoring what's going on.
But as long as you got yours you can just keep calling Gen Z lazy I guess
So are you gonna answer my questions now or still act obtuse?