richbosszar
Pro
i hope you like everything closing at 9pm...
Will housing ever be affordable again?
- Thread starter winb83
- Start date
focusloco
All Star
Ol’Otis
The Picasso of the Ghetto
Cause there aren’t any jobs in Detroit
Once houses started to become more of an investment instead of a home, the game changed forever.
People now want to buy homes specifically to make residual income.
More importantly, the one thing investment banks learned from the Great Recession is instead of pressuring lenders into selling more homes to people, they could just buy the homes themselves and make money renting them.
People now want to buy homes specifically to make residual income.
More importantly, the one thing investment banks learned from the Great Recession is instead of pressuring lenders into selling more homes to people, they could just buy the homes themselves and make money renting them.
Music Fiend
Superstar
this is part of population control. The builders are in cahoots with the banks. Pretty easy to tell if you live in a growing suburb
plenty of room for houses. But on every corner theres a new 200-300 unit apartment complex.
Hell the road next to my grocery store went from 1 apt conplex across the street to now 8 in a year.
Its about profit, and each complex break even and make profit in the first year
plenty of room for houses. But on every corner theres a new 200-300 unit apartment complex.
Hell the road next to my grocery store went from 1 apt conplex across the street to now 8 in a year.
Its about profit, and each complex break even and make profit in the first year
CashmereThoughts
Veteran
Most of that housing in Soviet republics outlived the failed state. The U.S. has more homelessness per capita currently than the former Soviet republics if you want to talk failing.
MegaTronBomb!
Power is in my hair nikka
A lot of folks have been far more complicit in all of this than they'll actually admit to....Thing is, many of them were able to secure their homes and benefit enough from this to care.
We not in the times a seller is gonna cover closing cost.
Cant even buy a rental and break even unless you paying cash.
Formerly Black Trash
Philosopher, Connoisseur, Future Legend
These college campus protests are giving me hope
Formerly Black Trash
Philosopher, Connoisseur, Future Legend
You mean landlords?
MegaTronBomb!
Power is in my hair nikka
No, i mean the people who were paying tens of thousands of dollars over asking price for homes, the people who bought homes just to flip them, the people that went out and bought homes for the sole purpose of using as Air BNB's and VRBO's.
Those people also contributed to artificial inflation,scarcity, and the culture of home ownership=income stream....but the banks,blackrock and greedy developers are lower hanging fruit.
Givethanks
Superstar
You lot who were able to buy are lucky as hell man.
I was talking to some older family members about housing and they were talking out there ass again.
"Yeah it was hard for me too (back in the 90s/00s) but sometimes you just have to buy anything".
"Just buy, even if you can't afford it. You can always sell it and make a profit"...
Mfkr act like the day you walk into your house, the value increases by 100k
I was talking to some older family members about housing and they were talking out there ass again.
"Yeah it was hard for me too (back in the 90s/00s) but sometimes you just have to buy anything".
"Just buy, even if you can't afford it. You can always sell it and make a profit"...
Mfkr act like the day you walk into your house, the value increases by 100k