When Will Houses Go Back To Fukkin Normal Prices????

[Gritsngravy]

What's your solution? Complain? No one cares. At least my solution is tangible and gets results. Your solution gets you nothing but rent for life. Like I said excuses for days.

Other than government intervention or people making a lot of money, people probably going to have to live deep in houses together , like several generations deep

But you ain’t give no solutions, you don’t even understand what you wrote so them answers you gave is bullshyt, you first answer was to work remote and live somewhere cheap while ignoring the fact that there ain’t no moe working remote for most people so I don’t know what the fukk you was talking about with that

And your next answer was for people to enlist into the military to get a house, you telling middle aged people and older to go to the military so they can take a loan out to leave in a shack somewhere while simultaneously ignoring the fact that even younger people(the people who they want in they military) not even enlisting,so them is bullshyt answers

Don’t act like you out here kicking knowledge giving out jewels

You just on some dumb ass contrarian bootstrap shyt

 

[Gritsngravy]

You think the people who actually have the power and the assets are ever going to let that happen? Lol no the masses will not rise up. Lol

Just cause you p*ssy don’t mean others won’t speak up, I don’t give a fukk what type of assets or power other people have supposedly, the people still have the overbearing power

It’s funny how forgetful people is, y’all was bytching and complaining during Covid calling grocery store workers essential

 

[Gritsngravy]

1.The federal government buys a controlling interest in the biggest banks in America and develops a powerful team for the IRS focused purely on corporate compliance with federal laws around speculation. Reps of this team are present in all share holder meetings and can veto any move that would risk damaging the bank and causing layoffs whilst enriching investors.

2. Private equity firms are banned from owning housing except if for exclusive use as an office to conduct business and they have to prove that the work cannot be done remotely. Their existing properties are re-appropriated and given to the banks described above.

3. A federal law is passed prohibiting people from being able to pass down their homes as investments/inheritance. You can buy your parents home from them and the government will take 30% of a cut if the home is valued at more than 1.5M or is valued at a price 25% or more higher than the national average.

4. All short term rentals are banned and single family housing must have at least one person living there. In Canada they have a tax on people who don't prove they are living at the house or have a long term tenant in the house. We need something like that here.

Do those things and you've killed the financial incentive inherent in using housing as a commodity that can appreciate and be sold like stock. It also means that older housing gets renovated similar to what Japan does by bulldozing old housing and replacing it with something new.

That won't happen though as long as the economy is controlled by less than 20 CEOs. The economy needs to be controlled by labor and the only way for that to happen is with collective power. Unions can completely shut down a country if they want to and with the internet, global worker solidarity is possible as a worker in Canada can send money to the strike fund of a worker in New Zealand or America aiming to unionize an Amazon warehouse. When you get global worker solidarity, you force big capital to move in the ways that benefit the worker and the customer instead of the shareholders who just want to see the line go up and will dip once they stop seeing constant returns. Infinite growth is impossible on a planet with finite resources. They know that but don't care.

@Traveler
Here is some solutions for yo scary ass

 

[Iceson Beckford]

Sad but true. Especially with all the talks of building communities specifically for rent. Millennials and Gen Z are seeing their options getting smaller quickly.

Precisely.

Reality is people’s wealth and inherited wealth lies in property speculation… are they willing to take a cut for the long term good and restart or just continue?

We never vote for people who actually talk about these things either

 

[Iceson Beckford]

don’t mean others won’t speak up

What’s been stopping people from doing so? Rampant house speculation has been going on for ages.

I’m assuming you’re American. I can assure you that is never happening in the most capitalistic and self centred country on the planet.

You have a better chance of becoming Billionaire than getting the American population to agree on a consensus good that requires sacrifice of wealth

 

[Traveler]

@Traveler
Here is some solutions for yo scary ass

Damn you must be stupid as hell. The people who have the power will never go for that. The politicians will never vote for that. It's a pipe dream and would never fly. It's 100% unrealistic.

 

[Belize King]

I don't think they'll drop in price, what's more likely is they'll stabilize. I got lucky because I bought my house for 208k in Alabama might I add, but today it's estimated to cost 420k. This is in Alabama of all places.

This!

I’m looking at houses in Macon GA. It’s sad. I can’t imagine how potential first time home buyers fee right now.

I explained in another thread what some of the issues are but at the end of the day, supply and demand. We need more “starter” homes built. 3/2 1200SF. We literally need millions of them built.

 

[Traveler]

Other than government intervention or people making a lot of money, people probably going to have to live deep in houses together , like several generations deep

But you ain’t give no solutions, you don’t even understand what you wrote so them answers you gave is bullshyt, you first answer was to work remote and live somewhere cheap while ignoring the fact that there ain’t no moe working remote for most people so I don’t know what the fukk you was talking about with that

And your next answer was for people to enlist into the military to get a house, you telling middle aged people and older to go to the military so they can take a loan out to leave in a shack somewhere while simultaneously ignoring the fact that even younger people(the people who they want in they military) not even enlisting,so them is bullshyt answers

Don’t act like you out here kicking knowledge giving out jewels

You just on some dumb ass contrarian bootstrap shyt

Yes move somewhere cheap and get a job there. People do it all the time. Plenty of black small towns in the south. 80k is like 600 a month.

If you are older and can't buy a home you are screwed for the most part. Probably can't even really retire. Whose fault is that? No one owes you shyt.

Like i said you a bytch ass who got excuses for days. Military is an easy come up. If you young join. Get the benefits, get a job skill, get the GI Bill, if your lucky you get a disability check too. But again you one of them excuse makers that won't ever be shyt.

I own a home so I'm not bytching and crying. In live in hawaii so you know it's expensive. I sacrificed and made it happen. I didn't bytch and moan and hope someone gave me something. I played the damn game. I obviously did something right.

 

[feelosofer]

They won't. Most late millennials and Gen Z will be lifelong renters.

 

[AAKing23]

Many brehs were preaching about moving to more affordable areas but any time people brought up places like the Midwest or parts of the Southeast people turned their nose up to it. Yall need to stop being overly reliant to needing a certain "lifestyle", most of yall aren't making enough paper to truly take advantage of places like Atlanta, Miami, Houston etc. so look for places that can offer better affordability, most cities have clubs, plenty of places to eat, some level of good looking women. Many people keep waiting for 2008 again or some type of crash thinking they will take advantage of it, truth is those type of crashes happen when most people least expect it and aren't prepared. Stop waiting for something to happen, find ways to increase your pay or find more affordable areas.

I’m saving all the money I can in 5 years in Atlanta to downsize possibly in the midwest or Rural PA, I should have 6 figures liquid through all my savings and investments accounts if i can find an affordable house

 

[UpNext]

Precisely.

Reality is people’s wealth and inherited wealth lies in property speculation… are they willing to take a cut for the long term good and restart or just continue?

We never vote for people who actually talk about these things either

But the kicker is, outside of access to HELOC's, if you actually care about the community you live in, this property speculation is really just a higher tax and insurance bill. That shyt only benefits flippers and transient folks who do not care about the communities they live in. That home speculation only drives people away from the community they settled in once the taxes and insurance reach a point where they can't afford to be there anymore.

So most homeowners who are against legislation to lower property values are in a cut your own nose off to spite your face situation. It's not a purely altruistic thing to want lower home values, your taxes and your insurance will go down. This benefits you if you actually care about living in your community.

 

[Mister_DoItNice]

I wish I would’ve bought a bigger house back in 2021. I could’ve afforded more but I was being modest with my budgeting. I was single when I bought it and now I have a live-in girlfriend. She has been more vocal as of late about her wanting us to get a bigger place in the near future. I’m not really feeling that though because fukk these rates. I know it’s going to become a point of contention between us but I’m just not about to be getting raked over the coals with this interest.

 

[Maddmike]

I just bought a house for 600k in md. Honestly I don't think it will go down.

 

[IsThatBrothaMouzone?]

I heard a theory that real estate is being inflated because banks would fall apart of real estate was to drop off to far, so now prices is being manipulated to artificially levels

Then when you add to the fact that they letting foreigner entities buy property it’s a double whammy of a situation, similar to Toronto and Vancouver

100%.

Homeowners don't realize they're gonna be trapped in their homes. If you are content to stay where you are......you will be set.

The folks talking about "wealth" forget a bunch of foreign nationals, banks and white kids inheriting money will have the means to drive prices up further. Your house will be worth more but finding something else will be more difficult. In no way does it make sense to have a shortage in a place like the United States. That's like having a sushi shortage in Japan.

 

[Michael's Black Son]

Never.

If you didn’t buy at the beginning on the pandemic then you missed out.