Why are houses so expensive?
Why are houses so expensive?
Adam Russell
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Isaac Bell
they are not made at nearly the rate they were when the population growth was far less than today
faggots buy houses and keep them until they can sell for massive profit or rent
A general plan from retards that things houses are evil and that everyone should live in the new version of commie blocks to save the environment or some other made up bullshit
Camden Morales
During the 2008 financial crisis a large number of homeowners defaulted on their mortgage. This lead to private capital (Originally in the form of Mutual Funds, now more commonly REITs) buying up the housing stock. Depending on your municipality 60-80% of housing unit are owned by private capital, not people. These speculators derive profit by artificially inflating the market rate of housing.
Justin Cooper
In a nutshell, lack of supply. I believe there's something like 500k houses currently in the market and millions of people wanting to buy. Now imagine a house goes up for sale for 350k but you have 20 prospective buyers willing to give more than the asking price. Ultimately the house goes to the person who offers 70k-100k in cash above the asking price.
Lucas Morgan
Have you ever made a brick or cut timber? Takes ages
Thomas Cook
Oliver Robinson
theres nothing wrong with actual supply. a massive amount of "owned" homes are not even occupied.
The issue is that massive investment firms and foreign nationals are buying them up with corporate/government money then holding on to them as a tax writeoff or renting them out. If you outlawed people from using property as an investment asset prices would tank.
Theres a huge difference between someone renting out their home while they're on an out of country work assignment for a few years or renting out a summer property and people/corporations trying to play slumlord and just hoarding properties for exploitation money on a life necessity.
Noah Torres
Foreign purchases. Our homes are becoming the the trading commodity of foreigners.
Adrian Nguyen
this
thanks
Juan Green
same things for businesses. foreigners are buying up our brands. That's why so many businesses don't give a shit about pollution. They don't fucking live there.
Owen Carter
Jews, simple as
Ryan White
Colton Reed
Cause, Tranny Supremacy
Ryan Diaz
Due to the high demand of land and of already built houses. Houses are expensive you can buy probably land cheaper. but a house costs backs. not to mention daily holy water. eventually stars will be the rarest commodity. Keep the farms seperate.
Joshua Edwards
seriously. here the average home is 600k. six hundred fucking THOUSAND dollars. how and why did this become acceptable? when will the riots start?
Zachary Morgan
Wow. That's what acid looks like.
Jace Flores
my employer wants me to move there on the same salary for an equivalent house that costs $100000 here with much lower taxes and other gay nonsense.
Sorry, I don't want to pay 4-7 times what i am now for a worse place to rent/own. Enjoy finding someone that is willing to do that.
Colton Ross
plead go be by god...
by god...
Dominic Reyes
like everything else in the us, it’s a racket. there is no value in these fucking shitboxes. The entire industry exists not to produce houses but to produce maximum wealth, and the money is in producing the cheapest possible shack out of the cheapest possible materials and processes and selling it for the most money, and repeating, x 100000. Every incentive is to sell 30yr homes but build them as 5yr homes out of matchsticks and tissue paper, run off with the cash and and dump all the downstream costs on the fucking rube that bought it. Even better if you don’t have to spend all that time hiring beaners to build it, and can just patch up the holes with toothpaste and new carpet and sell them over and over, endlessly inflated for a nice percentage every time.
The US is a shithouse on fire, everyone’s just trying to get their hands on some loot before the roof comes down. Fuck this whole stupid country.
Jaxson Foster
Jews
Christopher Kelly
Hudson Bell
Montgomery Alabama. The richest guy in town is the one that sells white paint.
Grayson Wood
They're not, you're just lazy and entitled. Go buy one so that some old boomer can have a well deserved retirement
Owen Rivera
The LORD examines the righteous, but the wicked, those who love violence, he hates with a passion.
Misinformation is a weapon that the Devil uses to create chaos and confusion. Proverbs 26:20 Where no wood is, there the fire goeth out: so where there is no talebearer, the strife ceaseth. Misinformation is like wood to fire; if there is no wood, the fire goes out, but so long as someone is adding wood to the fire is continues to burn, and therefore we must extinguish the fire if we want to have a productive life .
Jonathan Thomas
>If you outlawed people from using property as an investment asset prices would tank.
That wouldn't be good though, just ban foreign investors from buying in your housing markets and it would lower prices.