Home Buying / Housing Market Griefing Thread - You're going to rent until you die.

[SmugAutist]

Ok... but you specifically said rising home values means there are not jeets moving into your community which is objectively false. You're talking about moving into an expensive gated community. This is a very different thing than your average homeowner seeing the value of his home rise or fall. I can tell you from first hand experience your home price rising does not mean Jeets and niggers are not moving into your neighborhood. Quite the opposite, actually lol

The trend takes time, sometimes years to appear. Obviously prices will go up as supply is bought up, but the existing homeowners in the area tend to leave throughout the years. You can actually see Canada as a prime example. Prices soared as jeets moved in, but as boomers are trying to sell these houses to younger generations, they're realizing the government propped up a bubble because the only thing holding the Canadian economy is housing and resource extraction. Most White Canadians don't want to live near jeets.

Economic decisions and their consequences are usually not immediate. This is the disconnect between politics and the economy that most voters can't connect.

 

[Never Scored]

The trend takes time, sometimes years to appear. Obviously prices will go up as supply is bought up, but the existing homeowners in the area tend to leave throughout the years. You can actually see Canada as a prime example. Prices soared as jeets moved in, but as boomers are trying to sell these houses to younger generations, they're realizing the government propped up a bubble because the only thing holding the Canadian economy is housing and resource extraction. Most White Canadians don't want to live near jeets.

Economic decisions and their consequences are usually not immediate. This is the disconnect between politics and the economy that most voters can't connect.

House prices in places like Toronto and Vancouver have come down yoy, but are still near historic highs, and Jeets have been flooding both areas for 20+ years. Canada is a prime example of what, exactly?

Jeets do not intrinsically drive house prices up or down on their own, immigration does. These high house prices are a symptom of government perusing population growth into infinity because our current economic system is a ponzi scheme that falls apart if every successive generation doesn't have more people while the supply does not have the ability to keep up.

But again, this has little to do with what we initially talked about. The discussion was how do you benefit from your home price going up if you don't intend to sell or take on debt? You said high house prices keep jeets out, this does not appear to be happening in Canada. In fact, the reason for the recent yoy decline in major cities in Canada is because the government decreased the flow of jeets. That would indicate the opposite of what you're saying is true and many of the price increases are being caused by jeets moving in, does it not?

 

[SmugAutist]

House prices in places like Toronto and Vancouver have come down yoy, but are still near historic highs, and Jeets have been flooding both areas for 20+ years. Canada is a prime example of what, exactly?

Having housing prices stay essentially the same or go down means a slowdown in demand. And this is with Canada importing record levels of immigration. Of course prices are going to rise. However, prices rising for built houses are tied to speculation. Boomers are speculating that because immigration has gone up, and the Canadian government wants prices to go up because it's the only way to show growth in the economy. These are just raw numbers but don't necessarily reflect real consumer demand. The real number they should be looking at is White Canadian emigration in the same way White Americans fled from Detroit because they had the means to, whild niggers had to stay behind because they were poor.

But again, this has little to do with what we initially talked about. The discussion was how do you benefit from your home price going up if you don't intend to sell or take on debt?

It changes your net worth, and improves value for if your children ever want to sell it after you pass. It also works as a barrier to keep poor people out. There is an immediate increase in prices as immigration comes in, but the long term effects of diveraoty ia that the Whites who have the means to move out, do so, taking their money and businesses with them.

 

[Never Scored]

It changes your net worth,

Let's say I live in a house that I own. My mortgage is not underwater. I'm not planning on taking out any significant loans. I'm not planning to sell any time soon. If the price of my house goes up 10% raising my net worth on paper, how does that higher net worth on paper practically benefit me?

in the same way White Americans fled from Detroit because they had the means to, whild niggers had to stay behind because they were poor.

It also works as a barrier to keep poor people out. There is an immediate increase in prices as immigration comes in, but the long term effects of diveraoty ia that the Whites who have the means to move out, do so, taking their money and businesses with them.

You keep repeating this like you don't live in the real world.

This is not what has been happening in the vast majority of major housing markets. Even in Detroit, the housing price index has doubled over the last decade. You seem to be basing your assumptions on the naive idea that everyone who owns a property actually lives in it, like corporate landlords aren't buying up the properties those boomers sell as they leave to rent out to your poors, immigrants, etc.

Like, I don't know what to tell you here, housing prices have rocketed up across the western world over the last 6 or so years and it has done nothing to keep people like Indians out of your average neighborhood.

Yes, I understand, there are country club style gated communities in the US purpose built for the wealthy, but that's not the same as a house that was once built for an average family doubling in price as the neighborhood gets flooded with homeless drug addicts and door dash drivers.

You're very clearly conflating the benefits of buying an expensive house in a prohibitively expensive gated community with an average suburban house going up in price, and arguing that the benefits of the former apply to the latter as it rises in price. If your average suburban house doubles in price, it's not suddenly transported to a wealthy neighborhood.

 

[Stella d'Oro]

Jeets do not intrinsically drive house prices up or down on their own

There's a supply and demand angle to this as well. Jeets will stuff as many people into a house as they can, pooling all their money to pay it off. They'll have their whole extended family living with them, plus an illegal basement apartment. Because they have so many people splitting the cost, they can offer more when they buy the place which raises the comps for the neighborhood. Usually what they'll do is pay the mortgage down quickly, the eldest family members get the house, and then they repeat it with the next in line. They can't get away with this in white or Asian neighborhoods because the neighbors won't put up with the noise, garbage, and cars everywhere and call code enforcement for overcrowding.

The lower castes do it with apartments too, I've thankfully never had to deal with it in any of my units but a couple of fellow LLs have stories of inspecting a unit and finding multiple bunk beds set up in the bedrooms and the living room partitioned off with walls made from basically trash to accomadate more bunks. 12 people in a two bedroom, ONE bathroom unit is the most I've heard of. The bathroom situation alone is utterly disgusting. Of course there's only ever one person on the lease.

The first few years roughly 85% of your mortgage pay goes straight to interest only. Only 15% is toward your actual debt.

So if you bought a 300,000 house you have only paid about 7,500 bucks toward the principal. In two more years that will be 8500 for a total of 15k.

In a normal market you want to stay put 5-7 years to make sure you at least break even when you consider your mortgage interest, closing costs, and any work you had to do when you moved in (there's always stuff to be done, even if it's just paint).

 

[Rungle]

Going to check my options this weekend with my bank to get an nice appartment.
I can get a 175k mortgage, or depending on the dutch energy label I can borrow more.
Some municipalities have a starter loan for people wanting to live there and if its their first house to battle their town becoming too elderly
So around 210k I can borrow if I have all these assets to my disposal.

I am moving away from niggers as far as I can

 

[SmugAutist]

You keep repeating this like you don't live in the real world.

This is not what has been happening in the vast majority of major housing markets. Even in Detroit, the housing price index has doubled over the last decade. You seem to be basing your assumptions on the naive idea that everyone who owns a property actually lives in it, like corporate landlords aren't buying up the properties those boomers sell as they leave to rent out to your poors, immigrants, etc.

I keep repeating because it bears repeating that there's short and long term consequences. If you cram a bunch of people into a city then there's obviously going to be a short term increase in prices (short term can mean as much as a decade), but long term, there's obviously going to be less desirability by future homeowners to live in that area, especially if they have money and can afford a better, more exclusive place.

You only need to see European migration trends to see this. As more niggers, jeets, and sandniggers get imported in, the most productive natives are leaving. We won't see the full economic of this trend for many more years. You can only play the rising house game for so long before the best and brightest decide to leave for greener pastures. New Zealand has been one of the first to see this, and their housing market has crashed by over 25% in the last few years.

Edit: London's real estate is also experiencing this. It has essentially become frozen while the English countryside houses have continued to rise in value. This has broken the boomer advice to getting in on the real estate ladder of buying a flat and later selling it to buy a house.

Like, I don't know what to tell you here, housing prices have rocketed up across the western world over the last 6 or so years and it has done nothing to keep people like Indians out of your average neighborhood.

Most housing price increase has been in Non-American Western countries, driven by mass immigration but also a government backed bubble because their service and industrial sectors have gone to shit. Much like Canada, increasing housing prices is the only way to show economic growth. US housing has been fairly tame in comparison.

As for new houses, there is a massive increase in building material as well as an urbanization trend that makes prime land more limited to build. Prices have gone in marginal (not in city centers) land because developers of single family homes want to add as much value possible so they can justify selling the house for as much money as possible since the land is the cheapest input.

 

[Never Scored]

Housing prices going up as a result of jeets coming in is good for you because the high prices caused by the jeets keep jeets away. Also the jeets eventually drive down prices.

You're fucking retarded.

 

[SmugAutist]

You're fucking retarded.

"Housing prices going up as a result of jeets coming in is good for you."
I never said they were good for you. They're good for existing homeowners, most of whom happen to be boomers. You'd be surprised how much the average boomer's retirement plan mostly boiled down to "sell or rent my house," even in America. That's even worse for the rest of the West, which doesn't invest into other securities like we do. It's objectively good for boomers, especially when the jeets don't live in their neighborhoods. Their net worth goes up, which means they can either mortgage the house at low interest rates, sell it at an inflated price, or rent it out. The loser here ends up being the young people who can't get into the game.

Here's a step by step of how it all works.

1. Boomers bought homes for cheap during their life. When 2008 hit, they were the ones with most cash and could buy cheap homes with ultra low interest rates (in America, at least). Now they want line to go up, but unlike their parents and grandparents, boomers didn't have 4+ children to raise property values, so they have to find another way.

2. Politician also wants line to go up both because boomers are the biggest voting bloc but also because line going up looks good for ratings. If that means they need to cram 20 jeets into a single bedroom, then by Jove, he's going to cram 20 jeets into a single bedroom.

3. Politician loosens immigration rules to let jeets, niggers, and sandniggers into country. In European countries, politician subsidizes housing for them, and that goes directly into boomer pockets. Line going up is good for them, but not good for younger generations.

4. Younger generation gets taxed at insane rates and see line go up as bad because it is objectively bad for them. Taxed money goes directly into jeet, nigger, and sandnigger hands, which consequently goes into boomer hands. Realizing they have no chance to get into the real estate game, younger generation plans to leave.

5. Younger generation eventually leaves. Not immediately. Little by little, and then by the hundreds of thousands. The best and brightest jump ship to another state or another country where they get taxed less and housing is more affordable.

6. Politician and boomer doesn't care yet because line keeps going up for a while. They ignore every other consequence even as the economy becomes little more than real estate and rents. By the time their mistakes become evident, politician is out of office with a massive pension or left the country (Trudeau, Ardern).

7. Line finally goes down. You'd think this would be good, but it's not for the same reason 2008 was not good. When you build a significant part of your economy around housing, and then housing goes bust, everyone loses their jobs. Housing goes down, but you are probably laid off. Now you have a recession, and too many jeets or niggers for anyone to move back in.


Your mistake is trying to link morality into the process. The housing market is neither good nor bad. It's good for boomers, and bad for you. Politicians have an incentive to keep prices up because boomers want it, and boomers want it because it's usually their most valuable asset. The other mistake is thinking this issue will be easily solved if we just let it go bust, because it will usually mean a recession. The challenge is fundamentally changing the idea that housing should be treated as a major investment, which is an idea that precedes you, me, the stock market, and the Roman Republic. Good luck trying to fix that.

Edit: spelling

 

[Never Scored]

Your mistake is trying to link morality into the process.

When did I do that?

This whole discussion started because I said house prices shooting up does nothing for an existing home owner who has no intention to sell or leverage equity. You replied to that saying that high prices insulated me from jeets. Now you're masturbating yourself telling me how politicians prop up house prices by flooding the market with jeets so boomers can cash out, something that had nothing to do with the initial discussion, that I don't necessarily disagree with, and has nothing to do with rising home values keeping jeets away.


Like I said in the beginning, none of this benefits homeowners with no intention to sell anytime soon. My house doubles in price on paper, my property tax goes up as a result because they don't put the millrate down, and my neighbourhood is flooded with jeets so boomers can sell their houses. Yeah. Awesome. Completely proves my initial point correct.

The challenge is fundamentally changing the idea that housing should be treated as a major investment,

Right, and you're talking to the guy who said all of this is of no benefit to you if you don't treat your house like an investment and you quoted me and disagreed.

 

[The ATF Disliked That]

I looked up "Lennar home inspection" on tiktok and limited it to the last 3 months:

It's all the videos like this that make me so scared as an American for home ownership in the future. All these homes seem to be being built with no fucking care in the world anymore (and that's probably because of all the imported 3rd world monkeys and somehow infinite cousins building them). Why bother going into a 30 year debt for a build that is going to present problem after problem right from the start.

Which reminds me, I ran the numbers and buying a house makes absolutely no fiscal sense atm unless you have non-fiscal reasons to do it (wife + kids).

Some guy I knew got a mortgage w/o a down payment and his mortgage was like $3,000/mo or something. He was working two jobs and his wife didn't work. His wife was the one who demanded they get a house apparently.

 

[Mister Fister]

When did I do that?

This whole discussion started because I said house prices shooting up does nothing for an existing home owner who has no intention to sell or leverage equity. You replied to that saying that high prices insulated me from jeets. Now you're masturbating yourself telling me how politicians prop up house prices by flooding the market with jeets so boomers can cash out, something that had nothing to do with the initial discussion, that I don't necessarily disagree with, and has nothing to do with rising home values keeping jeets away.


Like I said in the beginning, none of this benefits homeowners with no intention to sell anytime soon. My house doubles in price on paper, my property tax goes up as a result because they don't put the millrate down, and my neighbourhood is flooded with jeets so boomers can sell their houses. Yeah. Awesome. Completely proves my initial point correct.


Right, and you're talking to the guy who said all of this is of no benefit to you if you don't treat your house like an investment and you quoted me and disagreed.

So the solution is TND and TPD?

 

[SmugAutist]

It's all the videos like this that make me so scared as an American for home ownership in the future. All these homes seem to be being built with no fucking care in the world anymore (and that's probably because of all the imported 3rd world monkeys and somehow infinite cousins building them). Why bother going into a 30 year debt for a build that is going to present problem after problem right from the start.

The 3rd world monkeys are not the main problem. The problem is construction costs. Developers of single family homes are trying to "add" as much value as possible and undercut the competition at the same time, and that usually means cheaping out on everything from materials to manual labor to the land itself while making flashy paper mache houses to add "luxury" as a selling point. This problem isn't exclusive to America.

It's why we only invest in (new) downtown apartment buildings and warehouses/commercial where the price is justified due it being prime land. Stay the fuck away from single family homes until supply lines improve or you have enough money to build a custom one. That's the main reason why I still choose to rent.

 

[The Hardest R]

Another issue that is arising is the slowdown in residential zoning. Many suburbs cohencidentally are getting pressure from zero growth advocates that are against more suburban growth. You’ll be surprised how many suburbs are getting pushback on more developments. Environmental talking points get utilized but not always. It’s a shocker that in the effort to push for more supply, there’s increasing resistance.

 

[Aero the Alcoholic Bat]

Another issue that is arising is the slowdown in residential zoning. Many suburbs cohencidentally are getting pressure from zero growth advocates that are against more suburban growth. You’ll be surprised how many suburbs are getting pushback on more developments. Environmental talking points get utilized but not always. It’s a shocker that in the effort to push for more supply, there’s increasing resistance.

I recently saw a sign posted that was advertising new homes, and some asshole had spray painted graffiti over it. "Eatherich"

 

[Audit]

Debate. Is it worthwhile buying an apartment in any market outside of San Fran or NYC? You can typically get one in decentish areas for 200-300k in most US cities.

 

[SmugAutist]

Debate. Is it worthwhile buying an apartment in any market outside of San Fran or NYC? You can typically get one in decentish areas for 200-300k in most US cities.

Depends on your overall goals. Usually with real estate the building itself (theoretically) depreciates while the land increases in value. A condo or apartment means that you don't actually own land by yourself, but rather co own it. HOA fees can also be quite steep. If you're buying it as an investment, you need to check the age of the apartment to see how much you can depreciate it for tax purposes and also if there are any good amenities or services within the apartment building itself or nearby. Usually, apartment buildings are there because it's in a high density area where jobs and services are nearby.

You just have to see "why" the apartment is so cheap, because there's usually something attached to it that you can't see, such as the building already being quite old and in need of extra repairs, and you can no longer add depreciation for tax reasons, or materials themselves are outdated, or it just being in a not so great part of town where services and jobs being either scarce or leaving due to capital flight.

If you just want it to live there, I mean, it's up to you. I wouldn't do it, but then again I prefer to live away from city centers.

 

[Audit]

If you just want it to live there, I mean, it's up to you. I wouldn't do it, but then again I prefer to live away from city centers.

I was mostly considered the financial aspect. Depending on the price, buying an apartment can be less on a monthly basis than renting. Maybe it's best to compare an apartment to a time-share. Easy to get in, hard to get out. Can always try renting it out while you have it if you no longer want it.

Maybe the best compromise to avoid the hellscape that is depreciation and HOA fees is to consider townhomes. Those tend to be much cheaper than single family homes but still have land attached to them. Iirc, places like New Jersey were really big into building townhomes for a while.

 

[Bassomatic]

Debate. Is it worthwhile buying an apartment in any market outside of San Fran or NYC? You can typically get one in decentish areas for 200-300k in most US cities.

Do you mean condo? They are mixed bags, and have to deal with a corp/trust on upkeep. Sometimes you'll have them get fleeced on roof work, prices shoot up for HOA/fees. Other times they neglect shit sometimes it's run well.

Do your research on the exact building and it's fee's history etc. Prop tax is something most new home owners think about seeing how it's been years before but sometimes there's poor upkeep and spikes in fees... etc.

Hardest part, is finding is the people are sane. When I was little we had a town home, it was lower middle class (as we were) but had a really NICE pool, nothing else really aside trash service. These people moved in and griped how expensive the pool was... you knew it was there... and would manage to reduce the budget to keep fees lower and we had to like.. plow out our own cars. fucking retards, I move into a place with this expensive thing and got enough votes we had to shovel our cars out because we won't pay for that.

Side note, as the market is changing more and more, If I was middle class I wouldn't buy again. I love where we live, I love my home, I've put a lot into it. (still need to drop 100+) rates and all maths not great.

 

[Audit]

Side note, as the market is changing more and more, If I was middle class I wouldn't buy again. I love where we live, I love my home, I've put a lot into it. (still need to drop 100+) rates and all maths not great.

Expand a bit here, it sounds like you've got a family. Would you just rent a single family home perpetually if you had to start over today? I haven't put much thought into renting single family homes. My own issue with home buying is avoiding bad (diverse) neighborhoods and a long commute while staying close to work without spending absurd amounts of money for a crackbox.