How is everyone so rich?
Inflation
>literally the centre of austin
these properties aren't really for personal habitation they're more for businesses but there is no shortage of multi millionaires in austin
They have sex
>implying there is the liquidity to fill in all those orders sell orders
Not everyone is, far from that. Most are priced out already.
But BlackRock buys the most strategic ones via subsidiary companies, slowly but surely
who? besides government bureaucrats and techfaggots
If you were born before the 90s and literally invested your money in top stocks in any way, it would be hard to not be a multi millionaire. That generational bull market is over though, with zoomies and most millineals priced out.
My mom’s fiancé works for the government and is trying to sell his place for 3.5 million, he works from home.
I live in central Austin and can confirm it’s disgusting the amount of rich fucks living here. Hope to join them one day.
im not gonna pretend i know how any of this works, but i really dont recall this many for sale the last few years.
>3 bedrooms
>8 bathrooms
Americans really loves to take a shit don't they
selection bias, you retarded blue collar wagie
>there are no businessmen in austin
you realise for every techfag making $150k he has a boss making $600k
that would be very rare, but it could be because a bedroom has a list of requirements like having a closet. could just be a ton of dining rooms, parlors, lounges, office, rec rooms, basement, etc...
These are the homes that no one has bought. None of these prices are real
>Inflation
fpbp
imagine being an old person and seeing people complain about barely covering their living expenses with $50,000 a year
that's us in a few decades
>HOW CAN YOU NOT LIVE ON A QUARTER MIL YOU STUPID GEN-OMEGAS?
it's no secret that US and state government employees are all wealthy
$150k isn't even that much.
If with 20% down, on a million dollar home you're looking at $5k/mo. that's well over 50% of your take home pay on $150k/yr
And all the tech managers and suits aren't all in the market ATM. Really, how many high paid professionals (surgeons, lawyers, etc) are in the market atm? So again who is buying those properties?
bump
this. all the houses are probably empty and just assets for the rich