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I'm priced out of the housing market forever
06-02-2016, 09:40 AM
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#91
- Maxpowers88
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Originally Posted By criminal_manne⏩
braaah i wish Sydney Australia deadset joke for property you wont find anything much cheaper which is relatively close to the cityYea 900k Monopoly money
i cannot pass go or collect 200..
das not it
06-02-2016, 09:49 AM
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#92
- Roasted
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Originally Posted By Maxpowers88⏩
I can confirm, I lived in Sydney for a couple months 4 years ago. Real estate there is absolutely INSANE. Toronto is bad, but it's a joke compared to Sydney. They even list rent prices "per week" to make it sound not as bad. LMAObraaah i wish Sydney Australia deadset joke for property you wont find anything much cheaper which is relatively close to the city
i cannot pass go or collect 200..
das not it
i cannot pass go or collect 200..
das not it
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06-02-2016, 09:50 AM
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#93
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Originally Posted By donblaximus⏩
That's a great location. I love driving south on Lamar when you get close to Pease Park and the skyline comes into view.Its in Pemberton Heights north of the river and inside Mopac.
Here you go, here is a 1400sqft house in Texas which is supposedly one of the LOWEST COST OF living states in the country right?
1400 sqft for $1M
http://www.austinhomesearch.com/home...8703-172535130
Here you go, here is a 1400sqft house in Texas which is supposedly one of the LOWEST COST OF living states in the country right?
1400 sqft for $1M
http://www.austinhomesearch.com/home...8703-172535130
06-02-2016, 09:52 AM
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#94
06-02-2016, 09:53 AM
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#95
06-02-2016, 09:54 AM
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#96
- lsiberian
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Originally Posted By Maxpowers88⏩
I'd much rather live in Sydney than Toronto so I could see why. I don't get why San Fran is so expensive. The weather is terrible, earthquakes, etc.braaah i wish Sydney Australia deadset joke for property you wont find anything much cheaper which is relatively close to the city
i cannot pass go or collect 200..
das not it
i cannot pass go or collect 200..
das not it
06-02-2016, 09:55 AM
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#97
- xLucky7
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Originally Posted By VISCIOUS⏩
oh gee, well heres an idea... dont be "the average 20-something wanabee wage slave"?Are you retired or self-employed? The above option does not apply to the average 20-something alpha-wannabee wage slave.
06-02-2016, 09:55 AM
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#98
- Maxpowers88
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Originally Posted By Roasted⏩
deadset jokeI can confirm, I lived in Sydney for a couple months 4 years ago. Real estate there is absolutely INSANE. Toronto is bad, but it's a joke compared to Sydney. They even list rent prices "per week" to make it sound not as bad. LMAO
you can either rent each week and pay someone elses mortgage off or try to save up and still not have enough... so faaaaaarked
06-02-2016, 09:56 AM
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#99
Originally Posted By Gsxr25⏩
This.It will crash soon, very soon. Waiting for it to happen to pounce on some properties.
I live in the bay area and I just sold my house in December and am waiting for the burst. Low interest rates are directing investor money to tech. A few more interest rate increases and companies will start folding, tech workers will be out of jobs, and prices will drop. Might take a bit longer than I was hoping for though..especially if people freak out after each interest rate hike.
06-02-2016, 10:49 AM
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#100
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Originally Posted By minandmax⏩
I'm also playing the waiting game.This.
I live in the bay area and I just sold my house in December and am waiting for the burst. Low interest rates are directing investor money to tech. A few more interest rate increases and companies will start folding, tech workers will be out of jobs, and prices will drop. Might take a bit longer than I was hoping for though..especially if people freak out after each interest rate hike.
I live in the bay area and I just sold my house in December and am waiting for the burst. Low interest rates are directing investor money to tech. A few more interest rate increases and companies will start folding, tech workers will be out of jobs, and prices will drop. Might take a bit longer than I was hoping for though..especially if people freak out after each interest rate hike.
Do you think the Presidential election will have a big impact on the housing?
06-02-2016, 10:52 AM
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#101
- StiffSproles
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Originally Posted By FrankGrimesJr⏩
LMFAO! That is quite literally a piece of **** and it's almost 700k. **** that ****. I would get the fuk out of San Francisco.Pretty much nothing now.
Here is a house in the ghetto for $629k
https://www.redfin.com/CA/San-Franci...4/home/1463776
Here is a house in the ghetto for $629k
https://www.redfin.com/CA/San-Franci...4/home/1463776
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06-02-2016, 10:56 AM
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#102
- Trapstar4.4
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doubt there will be a housing bust anytime soon. i just bought a house and they put you through the ringer to get that loan. luckily i didnt have a hard time, but i see how it could have gotten hairy to get approved for the loan. you really have to be on your game to buy
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06-02-2016, 11:38 AM
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#103
- ScissorMeSlowly
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For anyone living in a city that is seeing big money immigrants buying up the real estate (chinese, arabs etc.), you may be waiting a while for that crash. Cities like London, Vancouver, Sydney, it's all foreign money coming in to launder and protect these guys assets. Half the time they don't even live in the 8 million dollar condo they buy. So as long as you have those forces at play, why would you get a correction? If you're seeing all the locals being priced out and thinking "this doesn't make sense, the bubble will burst" you're not seeing the whole picture.
06-02-2016, 12:54 PM
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#104
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Originally Posted By ScissorMeSlowly⏩
It just boggles my mind how there are so many filthy rich Chinese people. Does owning a small factory really make them that rich?For anyone living in a city that is seeing big money immigrants buying up the real estate (chinese, arabs etc.), you may be waiting a while for that crash. Cities like London, Vancouver, Sydney, it's all foreign money coming in to launder and protect these guys assets. Half the time they don't even live in the 8 million dollar condo they buy. So as long as you have those forces at play, why would you get a correction? If you're seeing all the locals being priced out and thinking "this doesn't make sense, the bubble will burst" you're not seeing the whole picture.
06-02-2016, 12:57 PM
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#105
06-02-2016, 12:57 PM
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#106
- bbsitum
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Originally Posted By StiffSproles⏩
Build in 1895. Owner live in fantasy world.LMFAO! That is quite literally a piece of **** and it's almost 700k. **** that ****. I would get the fuk out of San Francisco.
06-02-2016, 12:59 PM
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#107
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Originally Posted By FrankGrimesJr⏩
Halo bro, evidently you never read capital form Marx. Word factory mean machines. Machines mean high adding of profit. Very strigtforward. Machines and people make profit. More machines more money.It just boggles my mind how there are so many filthy rich Chinese people. Does owning a small factory really make them that rich?
06-02-2016, 01:01 PM
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#108
- FrankGrimesJr
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Originally Posted By Trapstar4.4⏩
Isn't that what everyone said in 2006/2007? Back then no one was able to predict the bad loans would cause the bubble to bust.doubt there will be a housing bust anytime soon. i just bought a house and they put you through the ringer to get that loan. luckily i didnt have a hard time, but i see how it could have gotten hairy to get approved for the loan. you really have to be on your game to buy
There has to be something now that can cause a big bust and no one is seeing it.
06-02-2016, 01:05 PM
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#109
- LexBrah
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Originally Posted By ScissorMeSlowly⏩
They also see it as a huge investment. They are buying and selling entire property portfolios, not just residential property, but commercial (restaurants, hotels, golf clubs etc) for hundreds of millions/billions of pounds , seeing 20-30% growth after a few years and taking all the money back to china.For anyone living in a city that is seeing big money immigrants buying up the real estate (chinese, arabs etc.), you may be waiting a while for that crash. Cities like London, Vancouver, Sydney, it's all foreign money coming in to launder and protect these guys assets. Half the time they don't even live in the 8 million dollar condo they buy. So as long as you have those forces at play, why would you get a correction? If you're seeing all the locals being priced out and thinking "this doesn't make sense, the bubble will burst" you're not seeing the whole picture.
Glad I already bought in London lololol
06-02-2016, 01:11 PM
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#110
- BullStampede
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Originally Posted By StiffSproles⏩
lmao this. That house would be 100k at most here. My house is literally 3x bigger and I paid 1/4 of that. What a joke.LMFAO! That is quite literally a piece of **** and it's almost 700k. **** that ****. I would get the fuk out of San Francisco.
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06-02-2016, 01:30 PM
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#111
- cnatboy
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Can confirm... Managed to buy in the Bay Area for $800k late last year... The mortgage payments are crippling but luckily somehow the house value has already gone up $100k in like half a year and is worth $900k now.
Wish I would have bought a few years back, not sure when the bubble is going to pop but somehow prices are still ripping to new highs all the time.
Wish I would have bought a few years back, not sure when the bubble is going to pop but somehow prices are still ripping to new highs all the time.
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06-02-2016, 01:33 PM
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#112
- omnip0tent
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Originally Posted By cnatboy⏩
Not to scare you... but this always happens right before the "bubble pops"Can confirm... Managed to buy in the Bay Area for $800k late last year... The mortgage payments are crippling but luckily somehow the house value has already gone up $100k in like half a year and is worth $900k now.
Wish I would have bought a few years back, not sure when the bubble is going to pop but somehow prices are still ripping to new highs all the time.
Wish I would have bought a few years back, not sure when the bubble is going to pop but somehow prices are still ripping to new highs all the time.
Are you not entertained?
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06-02-2016, 01:34 PM
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#113
- Roasted
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Originally Posted By Maxpowers88⏩
^Accidentally negged this guy, can someone of equivalent reps to me rep him and I'll rep you back?deadset joke
you can either rent each week and pay someone elses mortgage off or try to save up and still not have enough... so faaaaaarked
you can either rent each week and pay someone elses mortgage off or try to save up and still not have enough... so faaaaaarked
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06-02-2016, 01:35 PM
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#114
- Aesthetical
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I know that feel.
Live in fairfield county, CT.
All the rich *******s from new york live in all my surrounding towns.
1BR/1Bath rent is like $1500 in a tiny piece of chit.
Live in fairfield county, CT.
All the rich *******s from new york live in all my surrounding towns.
1BR/1Bath rent is like $1500 in a tiny piece of chit.
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06-02-2016, 01:37 PM
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#115
TFW house is worth 200k more than it was 2 years ago
TFW you pay $2300 a month mortgage for a $850k+ bay area house
TFW misc financial geniuses tell you buying a house is a terrible investment, rent a 700sft apartment for $3000 a month and put money in the stock market instead bro
TFW you pay $2300 a month mortgage for a $850k+ bay area house
TFW misc financial geniuses tell you buying a house is a terrible investment, rent a 700sft apartment for $3000 a month and put money in the stock market instead bro
06-02-2016, 01:38 PM
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#116
06-02-2016, 01:39 PM
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#117
- BullStampede
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Originally Posted By Roasted⏩
how do you accidentally neg someone?^Accidentally negged this guy, can someone of equivalent reps to me rep him and I'll rep you back?
Regardless, I got him.
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06-02-2016, 01:39 PM
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#118
- cnatboy
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Originally Posted By omnip0tent⏩
By that logic the bubble has been right about to pop for years now though... I kept thinking the same thing and didn't want to buy because of that... there will be a bubble that pops eventually but I'm not worried about it. If house prices tank dramatically it just means I will be able to buy a much nicer house in a nicer area when the price comes down. If they continue to rise I will profit on the one I live in now.Not to scare you... but this always happens right before the "bubble pops"
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06-02-2016, 01:40 PM
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#119
Originally Posted By Halfway⏩
I love when people up to their ears in a mortgage says thisTFW house is worth 200k more than it was 2 years ago
What your house appraises for and what it sells for are two completely different numbers bro
Don't get cocky
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06-02-2016, 01:42 PM
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#120
- Roasted
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Originally Posted By BullStampede⏩
LOL, I dunno, I clicked rep, typed in comment and when I press submit it said "Thank you for DEDUCTING reputation from this user" so I guess I must of accidentally pressed tabhow do you accidentally neg someone?
Regardless, I got him.
Regardless, I got him.
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