My parents bought a house for $300,000 in 2002

My parents bought a house for $300,000 in 2002

Its just sold recently for $1,480,000

The house valued went up on average $59,000 per year for the past 20 years

Is this sustainable?

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>Is this sustainable?
of course it is.. as long as the housing shortage remains and the demand for housing remains.

I want it all to come down so I cab practice cannibalism (in minecraft)

Are they gonna buy you a house?

>laughs in 2008

I feel like the Californians escaping to Mexico city for affordable living is the future of the white race. Looking to move to Hungary atm

I’m trying to move to Kazakhstan but my Kazakh is absolutely atrocious and I refuse to learn Russian anyway

no the biggest economic disaster of the century is unfolding.

they said inflation was going to be 4.25%, now revised 7.75%
Home loan interest rates are going to BANKRUPT the dump fucks that paid $1,480,000
You parents were wise to sell.
Tell them to put 10% of their profit in Bitcoin, that will hedge them against hyper inflation wiping out all their savings.

>Is this sustainable?
Yes

imagine paying so much and not even getting to live in europe

Midwit take, classic polack

absolutely
the economy is doing just splendid

its so nice having a constant flow of african immigrants isnt it?
>when youre not a white country but still get flooded with africans

Sounds like a housing bubble
Good thing they cashed in before it bursts

>Tell them to put 10% of their profit in Bitcoin, that will hedge them against hyper inflation wiping out all their savings.
also protects them against banker bail-in, negative interest rates etc

kek USD sucks

Friend of mine bought a house in 2005 for 750k euro, can't find anyone willing to buy it for 300k

>Is this sustainable?
We have no end to foreign money buying up property here. The amount of 'New Money' wealth in China alone is staggering. There's large amounts of cashed up foreigners, and they're all looking to settle either here or Canada. As long as the boomers in charge think it's cool to continue to sell out the nation's youth for foreign money interests this will be sustainable.

Find an angle in life and hustle, because you're going to need a bit of creativity to get ahead.

housing bubbles never burst
either that or its a multi decade bubble which almost never happens

cant, every other house has also gone up that much aswell

>AUS and NZ housing prices
At that point I would just go total niggermode and illegally squat in a rental property. Do it en masse with friends and force the feds to drag you out. Then do it again somewhere else.

Nah but they gave my sister, my brother, and I some money. They’re moving in with my mums parents who are in their late 80s and need help everyday. They’re going to live with them and inherit their house eventually. My mum always wanted to live in the area where her parents are, so now that her parents are really old and need help constantly she finally got an excuse to move in. My dad is 7 years older than my mum and his parents died in their 90s a few years ago,

>They’re moving in with my mums parents who are in their late 80s and need help everyday.
thats nice.

The relative value (inflation adjusted) might seem nice at first, until you realize that thousands of other people are doing the house flipping scam too, which leads to future inflation.

Bubble bursts are good. It's the bubble itself that is the problem.

is it really a bubble?

As the fags on Any Forums like to say a x2 and x3 turnaround is not supposed to happen consistently, and that's why people have always invested in things that payout tiny fractions of profit, which if the investment is large enough, turns out to be a lot of profit. So if you see anything that isn't some brand new revolutionary company doing x10, know that it is a scam, and the kikes are stealing from you. Not only is it not sustainable, but it should be impossible. That it continues is evidence of a rigged and falsified market across all sectors.