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Daily reminder: home values are not increasing
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09-15-2023, 04:37 PM
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#1
- r32gojirra
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- r32gojirra
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Daily reminder: home values are not increasing
If the house is the same but the nominal price in dollars has gone up
That just means you need to work more hours to earn the number of dollars required to buy it
So the value of your labour went down
It’s the same house. It didn’t go up in “value”. No, value =|= changes in nominal price.
Inb4: but I got a 4% raise this year!
So what. You still went backwards in real terms.
Inb4: But I remodelled my house! That’s where the increased value comes from!
Nope. You partly offset the depreciation on the structure. It’s a decaying building with finite economic life.
That just means you need to work more hours to earn the number of dollars required to buy it
So the value of your labour went down
It’s the same house. It didn’t go up in “value”. No, value =|= changes in nominal price.
Inb4: but I got a 4% raise this year!
So what. You still went backwards in real terms.
Inb4: But I remodelled my house! That’s where the increased value comes from!
Nope. You partly offset the depreciation on the structure. It’s a decaying building with finite economic life.
09-15-2023, 04:46 PM
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#2
- OliverHeldens
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Rentcels win again! Fixed rents for a year.
09-15-2023, 04:53 PM
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#3
- r32gojirra
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- r32gojirra
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Originally Posted By Anachron⏩
For the purposes of the above, you need to run energy transmission infrastructure (plus increase generation capacity) roads, plumbing and schools.A bit of a nitpick - It's a decaying building, but...
Tell me how you're going to build more land.
Tell me how you're going to build more land.

In practical terms, the government needs to get out of the way in terms of regulation that actively prevents this.
Originally Posted By OliverHeldens⏩
Works out great if you have only 1 year left to live. #winningRentcels win again! Fixed rents for a year.
09-15-2023, 04:57 PM
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#4
- OliverHeldens
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Originally Posted By r32gojirra⏩
Also works great when rents drop next year.For the purposes of the above, you need to run energy transmission infrastructure (plus increase generation capacity) roads, plumbing and schools.
In practical terms, the government needs to get out of the way in terms of regulation that actively prevents this.
Works out great if you have only 1 year left to live. #winning
In practical terms, the government needs to get out of the way in terms of regulation that actively prevents this.
Works out great if you have only 1 year left to live. #winning
09-15-2023, 05:02 PM
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#5
- r32gojirra
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- r32gojirra
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Originally Posted By OliverHeldens⏩
LmaoAlso works great when rents drop next year.
Rent increases are causing the very inflation that is crushing real incomes
Rentcucks when will they learn
09-15-2023, 05:02 PM
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#6
- pondus_levo
- mic dropper
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- pondus_levo
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Originally Posted By OliverHeldens⏩
I have never heard of rent dropping. Please explain.Also works great when rents drop next year.
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09-15-2023, 05:05 PM
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#7
- OliverHeldens
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Originally Posted By pondus_levo⏩
You might have to change apartments to make it happen.I have never heard of rent dropping. Please explain.
09-15-2023, 05:14 PM
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#8
- IlChosenOne
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- IlChosenOne
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Originally Posted By OliverHeldens⏩
Fukn lolAlso works great when rents drop next year.
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09-15-2023, 05:17 PM
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#9
- r32gojirra
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- r32gojirra
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Originally Posted By OliverHeldens⏩
Oh I get it nowYou might have to change apartments to make it happen.
Like change from a 3brm loft to a ground floor studio
Lmao
09-15-2023, 05:19 PM
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#10
- BalognaNbeans
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- BalognaNbeans
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Is OP the most miserable kunt on the misc?
I swear all you do is try and put people down
I swear all you do is try and put people down
09-15-2023, 05:29 PM
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#11
- OliverHeldens
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Originally Posted By r32gojirra⏩
Rents are down from 2022 in many US markets, that trend will continue for next year.Oh I get it now
Like change from a 3brm loft to a ground floor studio
Lmao
Like change from a 3brm loft to a ground floor studio
Lmao
09-15-2023, 05:42 PM
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#12
- r32gojirra
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- r32gojirra
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Originally Posted By BalognaNbeans⏩
Zestimate-cel detectedIs OP the most miserable kunt on the misc?
I swear all you do is try and put people down
I swear all you do is try and put people down
09-15-2023, 08:34 PM
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#13
- DeadlyStriker
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- DeadlyStriker
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Just a loss of purchasing power. Fiat currency is a ticking time bomb. They do a very good job of keeping it alive and manipulating it though
Originally Posted By Anachron⏩
Rents by me are the highest I've ever seen by far lol.Source please.

09-15-2023, 08:45 PM
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#14
- akferd
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- akferd
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Originally Posted By BalognaNbeans⏩
Dont be so bitter, rent isnt due for another two weeks. Just dont be late. You know your LandChad doesnt like that.Is OP the most miserable kunt on the misc?
I swear all you do is try and put people down
I swear all you do is try and put people down
09-17-2023, 07:58 PM
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#15
- r32gojirra
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- r32gojirra
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Originally Posted By akferd⏩
Don’t forget a minimum 20% gratuityDont be so bitter, rent isnt due for another two weeks. Just dont be late. You know your LandChad doesnt like that.
Your lord is, after all, providing you with an essential service
That deserves at least as big of a tip as the self-checkout at wholefoods
09-17-2023, 08:02 PM
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#16
- LogicalLifts
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- LogicalLifts
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Originally Posted By BalognaNbeans⏩
Who exactly is he 'putting down'?Is OP the most miserable kunt on the misc?
I swear all you do is try and put people down
I swear all you do is try and put people down
If I say "I'm raising rents across the board on all my investment properties, and I also got a 14% raise (y:y) net, and I am the happy father of a beautiful baby girl with a loving, blonde, pure German wife" - who does that 'put down' exactly?
TIA.
09-17-2023, 08:21 PM
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#17
09-17-2023, 08:45 PM
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#18
Originally Posted By r32gojirra⏩
What? Is this the satire your signature is referring to?Rent increases are causing the very inflation that is crushing real incomes
I’m still trying to figure out how houses stayed the same, so value didn’t go up, but labor is now different, so its’ value went down?
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