I just want to buy a house man why is this shit so hard

cope. my houses are never going to crash. this isn't 2007 lmao. it is all priced in.

>the collapse of the global monetary system is priced in

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>money supply quadruples
>WHY ARE HOUSES UP 20%? BUBBLE!

dont try to argue with le priced in fags, they even have your responses priced in

>just delay your life for years!
People have said this constantly for decades even in 2010 people said it would go lower. It doesnt matter when you pick, over 25 or 30 years homes have gone up in value and a mortgage is cheaper than rent - a mortgage gets cheaper whereas rent gets more expensive.
It's unnecessarily hard to get a mortgage though because normalfags can't manage their finances and actually default. I'm probably going to have to buy outright and then mortgage my home after I own it.

Why wouldnt you leverage someone else's money retard
Why wouldnt you just get a mortgage? Its easy.
Why would housing collapse? I want it to but it wont. New supply is piss so no downward pressure from it. There isn't a massive dying of boomers yet. What will make prices go down? I don't see anything and people are turning to them as assets creating upward pressure. Sucks because I have some lake property I wanna buy. Just land but its $600k for 4ac. Like jesus seriously?!

Both of you are correct. The housing bubble gets recalculated in sats, but gains value in purchasing power

I just bought a house ezpz AMA

Yeah that house looks kinda fucked. But yeah I got lucky with my house. Bought during the fallout of the 2008 financial mess. Then I further got the price knocked down due to incompetence (basement renovation gone wrong). So all in all I pay $400 for a 3 bed,1.5 bath,basement,garage w/nice rear deck and yard. Main level was redone;tile, granite, hardwood, gas fireplace, tile in the bathrooms. All that was professionally done. Just they cheaped out when it came to the basement.

Because you need to prove income and they wont give me reasonable leverage since I 1. don't much income as just income for tax avoidance purposes and 2. don't work very much. If I buy and then mortgage I'll get a lot more leverage.

>I just want to buy a house man
I will be your house man

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Mortgage is one cost of homeownership. HOAA, Insurance, Property taxes, and utilities that usually come with rent like trash and water. Add in closing costs and any extra fees from buying. And the biggest one, big repairs like windows, doors, roofing. All of that is just baseline maintenance, if you want your house to appreciate in value you have to put in upgrades every year.

Unironically not happening as all your other assets will crash before housing does.

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Me too. I want to get a house so badly. Just let me live peacefully, away from this disgusting society.

I don't care about whores, drugs, parties or any other dumb normalfag shit. I just want my comfy life.

same bro, got denied for a condo i really wanted. been black pilled ever since. I'm never owning my own place :(

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normies trip over each other and foam at the mouth just for the chance of forfeiting 30 years of their life in pursuit of these plywood monstrosities. really makes you think.

Thats retarded. You're retarded

>life milestones being pushed out further and further
>not marrying/starting families until early 30s
>not buying home mid/late 30s
>not retiring until early/mid 70s
meanwhile life expectancy is pretty flat and quality years of life cap out at around 65-70, at which point the cumulative effects of decades of high fructose corn syrup, electromagnetic radiation, wageslaving-induced stress, psychological brainwashing, and the wonders of "modern medicine" all knock the wind out of you, physically and mentally, in one fell swoop. really makes you think.

> forfeiting
> huge forward payment of a massively inflating currency
> in a reliably value gaining asset
> gain equity all the time with payments
Mortgages are the easiest source of money going for the past 60 years.

my point was that normies are dumb nigger cattle that sign themselves into wageslavery for 50% of their adult lives.

also it's not a "source of money." average national appreciation of homes in the united states is around 3.5%. that's slightly above the pre-pandemic rate of inflation. it's a store of value and a hedge against jewish landlords raising rents, that's it.

I'm making roughly $25k a month as a blockchain dev right now, I set up an s-corp and have been making this much for just a handful of months now. How long until mortgage lenders will give me the time of day?

fucking based

4 years

2 weeks

i will trust the plan
nice dubs, if i have to wait 4 yrs to get a mortgage i'm gonna kms myself

It doesn't have to collapse, it just has to go up more slowly than stocks and inflation. I expect real estate prices to decline after financing becomes more difficult. There is no point in leveraging on real estate when you can make far more money with the equivalent in stocks.

the only correct advice in this entire thread, and believe me, this comes from the heart. I have skimmed, and/or not even read many of the other posts.

If you have to pay for housing one way or another, at least you can build equity instead of paying to a landlord.
You have unrealistic expectations of what's possible for the average single earner. The houses like what you have in your image would be mansions at any other time in history. You are owed nothing, stop moaning like a baby and put in the work like everyone else does.

Married man here, if your wife makes substantial income then this point is invalid.

>If you have to pay for housing one way or another, at least you can build equity instead of paying to a landlord.
Historically you almost always make more money renting and investing in the stock market than buying a house. Houses are a trap for normalfags

if your wife makes substantial income you're not married to a woman you're in a sexless gay relationship

Don't

youtu.be/DpcMl9XP55M

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Condo? I'd avoid that if possible. Go for a townhome if an actual house is out of reach right now. Condos appreciate like shit and are barely a step above apartments in terms of quality and freedom
Townhomes, you may still be subject to HOA fees which are retarded. HOAs are way too inconsistent and volatile to be worth an extra $100 - $600 a month. Yes their fee swings that wildly depending on your town.
There are also mobile home parks to consider though that is likely not much better. Rather than HOA you pay a lot rent fee that gets jacked up to the park owner's desire.

Standalone house appreciates the best
Townhouse is in the middle
Power gap
Condos are not wise investments. If your realtor pushes these, run don't walk away

Despite common perception, you only need at minimum 3% to get into a house. Below 20% is where you get mortgage insurance that can get paid off early.

Buy an acre or two for less than 40 grand in the wilderness. Build a nice shed house like this: youtu.be/bOOXmfkXpkM
That's all the house you need.

>Basic water is a hassle
>Kill and drag in a carcass in to stay warm
>No internet
>No friends
>Risk burning down house trying to boil something
>Die alone

Why do you need a house if you’re alone? And if you’re not alone, why is it hard to get a house?

Being alone is what I want

Just buy some water bottles and eat canned food. If you want meat then run to the store and get a steak and grill it. Want internet? Just go to the Walmart parking lot and use their wifi. Simple as. Just compromise by swapping the wilderness with the country.

why would you choose to live like a caveman HAHAHAHAHAHAH

There's a difference between homesteading and hermit life. What you're describing is hermit life. Homesteading you'd be able to get most if not all your necessities off the land.
Buying 40 acres and building a shack isn't enough to be happy. It's maybe cheaper but you're literally getting what you pay for. Just a bunch of dirt and a small cube of wood. For 40k you could do the van life meme and I suspect wind up happier as a nomad than a hermit

To save money

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nothing in life is easy fren, but just think about it - you can make house money and more in just 3-4 years which would otherwise take you 30 years to pay back

He makes some good points, but also some not-so-great points such as assuming the person has disposable income, assuming we're taking out a mortgage & not just buying the property outright

Just a lot of different attributes with buying a home/property for sure - but overall if you get a good price, it's not bad

Well, yeah if you can scalp a cheap foreclosure or build your own house on cheap land in a good location, you are doing well. But the average homebuyer gets scammed.

Renting has all of those monthly fees as well. You don't magically not have property taxes or HOA expenses when you rent, they're just factored into your monthly rent payment and not amortized.

Expenses like repairs or closing costs are true, but generally the closing costs will be paid for by home appreciation in about a year.

> I am a cuck

We know

French fag here, I'm tired of my country and I plan to retire in the US
How much do I need to buy a house and be fine until I die ?
Also where to live, I heard Austin is pretty good is that true ?

BUY BEFORE ITS TOO LATE AMERIBROS

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Do you have US/Canadian citizenship?

No should I try to be Canadian first ?

What the absolute fuck are leaves doing
I thought they were socialist

I bought a house at the end of 2020 in a relatively nice location. Currently up about 175k in value since. Not to mention the renovations that I did. Should I be greedy and let it ride? Or sell the house now and go gamble on BTC.

You probably need $2 million to buy a house and never have to work again in the USA

Austin is the San Francisco of Texas -- it's the cool city, lots of hippies and young people, but it's also full of homeless people and communists and the house prices are high and the traffic is horrible

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Canadian is easier to get but only gets you 6 months in the US per year. If you're really serious about living in the US though you should try to get a greencard and get on the path to citizenship.

Holy fuck I'm surprised I don't see more enraged leafs on Any Forums
you don't know what socialism means. cancerous private property rights and capitalism caused this.

Imagine all the free real estate when China goes belly up.

buy one in the hood, invest in the hood.

If everything went accordingly to plan I could have a bought a house this year but my stocks are 50% down because of the FED increasing interest rates. Also the famed alt season happened in March last year but I didn't sell expecting another one in December, now the crypto is crashing and we'll have to wait another 4 years for the next bullrun.

a lot of assumptions

Find a nice woman dude.

Tell me you're poor without telling me you're poor. Every single rich person leverages capital. All of them.

I gave up a long time ago. I thought I would make it once I got a house but I can't get a house, so I stopped trying to. I made it.

Always has been.

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Housing is a much more solid asset than stocks. Any company can dilute their stocks; you can't just print new land.

why buy it when you can build it for 20% the cost

>first thing he says is "It has to appreciate a lot to be worth buying"
>lives in Austin, said that in early 2018
kek

kek, he also assumes 10% annual returns on the stock market will last for 30 years

>that one ever-so-slight dip in income at 2020
>home price listed as same as 2007/2008
fuckin lmao

yea 3% is alright, but i don't want a huge monthly payment. i don't know if I'll keep my job or get hunted by a t ax man, and loose everything. i just need liquidity.

It's so simple, just win the lotto bro

>comparing a 1mil house to a 3500 apartment
Asinine

Buying furniture for my house right now with the help of my sister to pick shit out.
She always picks the nice stuff, looks at the price and just starts to scan for something cheaper, and when I tell her it's fine I can just buy it she seethes internally.

not to mention his 3500 rent will be 7000 in 10 years or less

People in high places have made it this way on purpose, and continue to make it worse, on purpose.

Really makes me wanna fedpost.

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why

it's a disproportionate comparison. if your budget is 3500 a month, you can't afford a 1mil house. mortgage alone would cost you at least 4500 at 3.6%. additionally, in most states you will likely exceed the tax writeoff for property tax.

I was going to post that, gj

Leaves are fucking useless people who like getting stomped on and never take action, that's why. Our country is collapsing before our very eyes, have you seen that faggot Trudeau? Dunno what it's gonna take to wake us up but apparently ruining an entire generation isn't enough since they plan on just importing cheap labour make up for the lack of people starting families. Also holy shit you should compare our age demographics to mexico. We are soon going to be the shithole of north America and mexico will be America's little brother. Trump's gonna build a wall to the north.

Boomers

Bought a house last week with Fantom gains. Feels good.

I saw a trailer on the market for 189k. Not even an acre of land either. I legit think flippers are trying to flip it, because it sold for for like 75k in 2020.

dude just work 50 hours a week every year for 60 years and dont mind inflation please

As a leaf, I am furious. It's cause Canada is genuinely poor, and the Gov is doing insane social funding for defunct towns and cities across the country so they need the outside to invest, and thus we poors stay poor
t.workedforthem

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>house
That's an architectual monstrosity

kek

yes, check the pic

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I'm probably not gonna make it that far

Unironically the Joos

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None of us will.

Can someone explain to a brainlet how it works for home loans if interest rates get raised? I heard for the US that you get the same interest rate on it that you signed up for but other countries it gets adjusted every few years. And rate raises are going to happen right?

bought my 1st on the 26th.

There are options. Look at some non-conforming lenders. If your credit score is decent and you can prove assets/income, someone out there will lend to you.

A fixed-rate mortgage is going to stay the same, regardless of rates rising or the mortgage being transferred to another services. Adjustable-rate mortgages have rates that can, as you might guess, adjust. Almost everyone does a fixed rate.

This applies to the US. No clue about other countries.

>Despite common perception, you only need at minimum 3% to get into a house.
There are often many options to get a house with 0% down

>Can someone explain to a brainlet how it works for home loans if interest rates get raised?
Debt becomes expensive and underwriters of the mortgage would likely raise capital requirements.
Brainlet translation: It becomes "harder" to borrow more cash to bid on a home.
Many are unable to participate in the bidding in the first place because they do not have $X in their bank account or in appraised assets (before getting the loan).
Both serve to push down home prices.

The venn diagram of those kinds of options with predatory loans is nearly a circle.

This doesn’t include closing costs, but it’s usually fairly simple to get the seller to pay all or most closing costs. You could even just offer above asking price in return for them paying all closing costs, then you can put 0 or near 0 down while they still get the same amount of money.

kys mortgageshill

Not at all. VA, USDA (the standard for what qualifies as a rural area and therefor eligible for USDA financing is VERY low), and most states have down-payment assistance programs or their own 0% down products.

Australia a “fixed” seems usually only to last at that rate for 5, maybe up to 10 years.
Does that mean investors will just buy everything up if they have the capital and families get priced out?

>Does that mean investors will just buy everything up if they have the capital and families get priced out?
This is what’s been happening the last few years in the US; big Jewish money like Blackrock has been buying up tons of housing (usually in cash and often above asking price).

The guy is wrong about underwriters themselves raising capital requirements though, we don’t give a shit. All that will matter is the requirements set by Fannie/Freddie and the government agencies that insure loans.

right back at you retard.
rich people can leverage capital because they have assets to leverage against. as a wagie you're not beating the system thinking like le intelligent rich person buying a home on credit after they've doubled in price.
better go buy a lambo on credit that's what rich people do!!!

>more money!!!!
>at 70
Yeah no I want to be retired before 40 and if I fail 60. But 70 yeah not a chance my health is poor so at that point I just put a lot of money into the system and will likely not see it back.

>including the cost of housing in Chimpcago, Detroit, etc
We're obviously talking about housing in white neighborhoods.

No. I like free money retard

>loan
>free money
good lord the absolute state of this board

Because you're poor and/or single?

Also these threads are great at reminding me how fucking retarded the average biz poster is. Clearly everyone on this board is 25 or younger and has no fucking idea how anything works

Have fun renting for the rest of your lives because you're too stupid to see the value of using the bank's money to buy a place for yourself and locking in a sub-inflationary interest rate on that money for 30 years.

t. Toronto homeowner

>toronto

because we all have 200k for the downpayment of a 2x4 piece of shit house

you're on biz, why are you poor?

I bought an old but livable home for 80k in 2015 on the german "country" side. Not regretting it, quite the opposite.

Don't buy shit in or near a big city and you're good. Grow vegetables, potatoes, beans, get chickens and rabbits etc. Live can be so easy if you let it.

if everything that will happen ever is priced in why do prices change?

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>2 incomes
>starting a family
your kids will be trans

Would that mean that the market and free will is just a lie and we're just sitting along for a ride?

>Far more money with the equivalent in stocks.
Not when they tax your ungained profits

Niggerfaggot

Its just a box to live in, why are these boxes so expensive?

>leaf
opinion discarded

Yeah people forget this. Sure lots of people bought a California home for $200k, with mostly borrowed money, and now their home is worth $2 million. But lots of people bought beautiful homes in Baltimore or Detroit.

your housing market will look like ours in 10 years or so

No city in the US is good.

In a relatively low-demand suburban or rural property market you should be able to find a decent house for around 200k. Cheaper if you buy manufactured, are fine with something very small, or if it’s a fixer-upper.

It's not exactly difficult to find out where black people don't live

Chinese are buying real estate in Canada, since the 2000s.

Shit, I'd have to tack on another $5k-$10k just to get a single acre without a shed around here

Maybe, but i'm not buying now. I almost did last year and changed my mind. The real estate agent emailed me yesterday asking if I was still interested. The market is drying up, they know it and are desperate LOL. I'll check back in 2-3 years and buy with cash.

My mortgage is 1550 but factoring everything else in including maintenance adds another 1k

hate to break it to you but that ship has sailed. The jew doesn't want affordable housing

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because everyone else wants a house, thats gate way to fuvjing you women and getting kids who will most likely want the same so copetition intensifies

Some areas of metro detroit are 95% white with houses like in the picture for $500k and biz will hate.

First off isn’t Canada fixed rates only 5 years? Are you larping you somehow fixed in a 30 year mortgage?
Also, I can’t believe this is just coming to my mind but how the fuck do banks make money off such terrible rates? Couldn’t they unironically put the money they are loaning you for a mortgage into an index fund or similar for a 9% APY instead of a measly 1.5%?

Its free basically

>Own house
>Still have to wage to keep the lights on
Eh

You can get a solid 1200sqft house in a low crime mostly-white area for less than 200k. Property tax and utilities will collectively run you maybe $5k/yr. If you have $50k to swing, you don't have to work.

Hahaha why would you want to live the city life in the US if you're moving from Europe? You dork, Europe's cities are a thousand times more livable than the US's. You can actually WALK to get places. You have real architecture and history. Everything isn't a paved-over car-exhaust hellscape.

If you come to the US, you do it to live in a small town, suburbs, or innawoods. With a few exceptions (NY, SF, Boston, Chicago) US cities are totally unwalkable and have no soul. Just retire in Spain or something, the US has a different use-case.

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BTC isn't gambling. I'd be all-in BTC and ETH while renting right now, but you gotta judge your situation for yourself.

Rich people are retarded.

If you want a house you should probably just buy one ASAP.
In the same time I went from 50k to 150k net worth, houses have risen from 250 to 350k. I'm technically no closer to owning a house than I was two years ago.
Get a 30 year mortgage and then pay it off in 10 years if you want, or leverage the low rates to save up longer while still benefitting from appreciation.

>your net worth went up 200%
>housing went up 50%

No, you're a lot closer to a house than you were before. Do you know how math works?

You're assuming all of his gains were exponential and not linear.

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Move to another country

He said it was in the same time frame. The comparison was equal

My net worth partly went up due to 2 years of extra savings. As my net worth grows, that saving produces a smaller and smaller rate of change relative to my overall wealth. I didn't have 100k in capital gains. Even if I did, I'd have to pay taxes to shift the money out for a down payment on a house. For a homeowner, you can skip capital gains tax for up to the first 200k in gains as long as you've lived in the house.

Obviously I'm closer to owning a home in percentage, but in dollar terms I'm still 200k away from a house. My capital gains will continue to grow as well, so eventually I'll catch up, but that's not really my point anyway.
I'm not in a rush to buy a house since I live with my parents and pay zero rent, but it seems like a good investment given the high leverage available and low risk. There's something like 5 mil projected housing shortage in the US over the next decade. Even from a cost standpoint, mortgages lock in a 30yr monthly rate, whereas rentcucks will keep seeing their rent rise with inflation (currently running around 10%).

>big repairs like windows, doors, roofing. All of that is just baseline maintenance,
Bullshit you retard. Shit like that gets replaced every 20-40 years. Buy and sell right and you never need to do any of that work.

Just put it all in Bitcoin, it will always outpace housing except in the hottest local markets. Read The Bitcoin Standard. A huge amount of capital will be flowing from real estate into BTC over the next ten years; it will have its store-of-value premium removed once BTC's stock-to-flow ratio is in the hundreds.

The question isn't t, the question is if f(t) = n*y^t or f(t) = n + y(t). It's possible that he made $100k in after-tax salary during the timeframe houses increased by $100k.

If you're selling a house with a 20 year old roof in a rainy area where roofing tends to need regular replacement, you're not going to get as much as your neighbor who put on fresh roofing before market. You can pull the wool over in some respects (fresh coat of paint etc) but not on the big things.

>for biz
try the west

I doubt that. Bitcoin is pretty useless compared to other crypto, so I expect it'll die a slow death over the next decade.
Regardless, you can't leverage bitcoin, yet it's still highly risky - someone who bought in February 2021 is down close to 50% while home prices have continued higher.

an average sized roof costs 10k including labor. 5k if you do it yourself. it's not a big deal.

real estate is a store of value, you're not just magically losing because you were too retarded/poor/young to buy a house before inflation. You're just not getting a house that will double in value in 10 years, doesn't mean it won't appreciate/hold its value against inflation.

Rich people got assets to leverage against somehow asshole. If you don't work to pay off a house your alternative is renting, and if you rent, ask me how I know you and your entire family bloodline don't deserve to have assets to leverage against?

austin is la/san fran lite, it's a shithole

I hope my hodl on SY$, SHIB, and ETH afresh doesn't go south...As it'll be huge if it doesn't; huge enough to almost buy a house, but not planning to anyways

>t. Architect

This put holy fear in me. I am off to bag some more lox. It is gonna 10x once solulab is done. That will save me from inflation.

How did you get started as a blockchain dev? Trying to go down that path myself

This. If you are buying to live in it then its no big deal. If you are buying as investments, its only slightly worth considering as you should be collecting rent the entire time anyway so the mortgage isnt a big deal.

You can fix your rates for like 10-15 years in Germany

>its gay to have a female with her suzerain patrimony
Want to know how I know you are ngmi? Every top female comes with her own kingdom. If you marry some poor and asset less woman you are always going to be a peasant. you want a woman who will contribute to your net worth positively instead of negatively.

just wageslave for 50 years and you will be able to afford one, paying off the bank your whole life.

I got curious, so I started down this rabbit hole.

-There's a certain area in the U.S. I want to move to
-Plan has been to "buy land, plop manufactured home on it"
-Looked up plots of land there on Zillow and started the process where a real estate agent called me and I explained the plan and if they could handhold me through it

Told that the entire county doesn't allow manufactured homes and that they'd call neighboring counties to see if their rules are more lax, haven't heard back since. Getting a brand new single-wide just seems so fucking comfy to me. Brand new construction with modern building practices, good insulation, new appliances, new everything. It would seem to me that headaches/complications would be kept to a minimum, there aren't a lot of hidden surprises that I could think of, but apparently a lot of places don't want you to do that.

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