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Forum » 60 Minutes: A Nation of Rentcels
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Thread: 60 Minutes: A Nation of Rentcels

post 1658309713 03-21-2022, 09:01 AM
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#31
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lentils are delicious and high in proteins though
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post 1658310223 03-21-2022, 09:14 AM
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Originally Posted By BigBallsMcgee⏩
at least not one you would want.
I think this is honestly part of the problem. Too many people unwilling to live in a smaller space for five years and actually build something rather than burning rent. If you have no kids why do you need a three bedroom space?
post 1658310383 03-21-2022, 09:18 AM
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#33
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Originally Posted By BigBallsMcgee⏩
they didnt look that old to me. Like in there mid to late 20s at best. Its pretty normal to be at that stage now and not be able to afford a house, at least not one you would want.
They look to be at least my age. No way they're under 30 which is more than enough time for an adult to either decide what they want to do in life and be established or be accountable that they failed to do so and not try to blame it on your evil landlord or that houses are so expensive. They're literally complaining about rent going from $1,000 to $1,400 while the dude has a job that makes upwards of $85,000 a year. What did they do with all their money before 2022 so that they are in a position not to afford a $279,000 home?

Jacksonville Fl is not expensive.
Originally Posted By WoofieNugget⏩
I think this is honestly part of the problem. Too many people unwilling to live in a smaller space for five years and actually build something rather than burning rent. If you have no kids why do you need a three bedroom space?
also this. The average home is 2.5x larger than it was in the 1970s and families are smaller.
post 1658310583 03-21-2022, 09:22 AM
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#34
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Originally Posted By BigBallsMcgee⏩
https://www.cbsnews.com/news/rising-...es-2022-03-20/

Just lol at the corporate overlord saying younger Americans dont want to own anything. literally the 'own nothing and be happy' meme.

Wtf is even the point of wage slaving if this is the new standard of living. better to just rot
This exactly what govt should regulate and stop corporations from doing, but they're too focused on gender identity.

A home is typically a family's best investment throughout their life. That investment is now a corporate asset.
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post 1658310623 03-21-2022, 09:23 AM
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post 1658310893 03-21-2022, 09:29 AM
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Originally Posted By WoofieNugget⏩
I think this is honestly part of the problem. Too many people unwilling to live in a smaller space for five years and actually build something rather than burning rent. If you have no kids why do you need a three bedroom space?
But previous generations didn't have to do that. You're expecting young generations now to have a lower standard of living.

Even small homes are becoming unaffordable now too.
post 1658310913 03-21-2022, 09:29 AM
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post 1658310973 03-21-2022, 09:31 AM
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Originally Posted By soaponarope1⏩
They look to be at least my age. No way they're under 30 which is more than enough time for an adult to either decide what they want to do in life and be established or be accountable that they failed to do so and not try to blame it on your evil landlord or that houses are so expensive. They're literally complaining about rent going from $1,000 to $1,400 while the dude has a job that makes upwards of $85,000 a year. What did they do with all their money before 2022 so that they are in a position not to afford a $279,000 home?

Jacksonville Fl is not expensive.



also this. The average home is 2.5x larger than it was in the 1970s and families are smaller.
Dude 85k is not a lot compared to prices and you don't know how long he's even had that salary.

Rent going up $400 or 40% is a crazy number. Not many people can just absorb that
post 1658311283 03-21-2022, 09:37 AM
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#39
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Originally Posted By BigBallsMcgee⏩
Dude 85k is not a lot compated to prices and you don't know how long he's even had that salary.

Rent going up $400 or 40% is a crazy number. Not many people can just absorb that
I definitely agree that rent going up 40% is a ridiculous increase but again $1,400 is not a gigantic number to pay in rent for 2 people in 2022. These people aren't 22 years old (or if they are the age reaper really got them) and they live in a city where the average home still costs $280,000.

The article showcases 2 people who obviously don't know how to budget and then talks about how everyone should be able to buy a home in the suburbs with a white picket fence like in the old days. In the old days that house was a 3/2 that was 1,200 square feet, the family probably owned 1 car and the dad put up that white picket fence himself. Nobody deserves a 2,700 square foot home on half an acre with a $12,000 fence, definitely not people who can't manage to budget on $85k/year.
post 1658311453 03-21-2022, 09:41 AM
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Originally Posted By BigBallsMcgee⏩
But previous generations didn't have to do that. You're expecting young generations now to have a lower standard of living.

Even small homes are becoming unaffordable now too.
Average Size of US Homes, Decade by Decade
It's nearly tripled since 1950
1920: 1,048 square feet
1930: 1,129
1940: 1,177
1950: 983
1960: 1,289
1970: 1,500
1980: 1,740
1990: 2,080
2000: 2,266
2010: 2,392
2014: 2,657
The average home is twice as big as it was in 1970, so why shouldn't it cost way more? In January of 1970 the home price to median income ratio was 4.42. Right now it is 7.46. Since homes have doubled in size why shouldn't the cost increase also double? That is a 168% increase in the home cost to median income ratio, meanwhile the size of a home has increased 177%. Sounds about right to me.
post 1658311843 03-21-2022, 09:47 AM
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#41
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Originally Posted By soaponarope1⏩
I definitely agree that rent going up 40% is a ridiculous increase but again $1,400 is not a gigantic number to pay in rent for 2 people in 2022. These people aren't 22 years old (or if they are the age reaper really got them) and they live in a city where the average home still costs $280,000.

The article showcases 2 people who obviously don't know how to budget and then talks about how everyone should be able to buy a home in the suburbs with a white picket fence like in the old days. In the old days that house was a 3/2 that was 1,200 square feet, the family probably owned 1 car and the dad put up that white picket fence himself. Nobody deserves a 2,700 square foot home on half an acre with a $12,000 fence, definitely not people who can't manage to budget on $85k/year.
I don't know where you live but where I live 1300 sf homes are too expensive also. High 300k or even 400. People are not holding out for mcmansions.

In terms of the cost, $1400 for 2 people isn't crazy but that woman isn't working remember she's in school. That's too much for one person that doesn't make at alrsst 100k

The dad only owned 1 car back then because he was the only one who had to work. Not possible now
post 1658311963 03-21-2022, 09:50 AM
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#42
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Originally Posted By soaponarope1⏩
The average home is twice as big as it was in 1970, so why shouldn't it cost way more? In January of 1970 the home price to median income ratio was 4.42. Right now it is 7.46. Since homes have doubled in size why shouldn't the cost increase also double? That is a 168% increase in the home cost to median income ratio, meanwhile the size of a home has increased 177%. Sounds about right to me.
But the price of the smaller homes are still too high right now. My house is 1300 and way overpriced for the size. I wouldn't be able to afford it if I had to buy it again right now.
post 1658312863 03-21-2022, 10:07 AM
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Originally Posted By yieldtonothing⏩
lentil soup caused esau to give his birthright to his brother. stay away from that chit
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post 1658314403 03-21-2022, 10:38 AM
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Originally Posted By BigBallsMcgee⏩
Has to be a joke
100% legit. All of it:

https://www.bloomberg.com/opinion/ar...-under-300-000

He actually does say:

Don't buy in bulk(lol wat, that's the biggest money saver)

Take public transportation because lol@gas prices. I say lol@sitting next to a homeless dude high on meth that hasn't showered in 4 years.

Eat lintels instead of meat because its price is rising slower.

Don't get chemotherapy for your dog because it's like $10k and some consider it unethical.

TL;DR Keep bending over and taking it up the pooper for the elite ****get. Time for you to do your service for the Fed and the corrupt government who put us in this mess, starting in 2008.
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post 1658314503 03-21-2022, 10:41 AM
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It’s by design. The Great Reset is all about elimination of property ownership.

That’s why Black Rock has been buying up homes, turning them into rentals. And buying up land, turning them into solar farms.

Stupid mfers selling their homes to corporations without a care in the world that sooner or later they will be forced to rent a home, at the very least their children and their children’s children will be.
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post 1658318433 03-21-2022, 11:58 AM
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Originally Posted By illriginalized⏩
It’s by design. The Great Reset is all about elimination of property ownership.

That’s why Black Rock has been buying up homes, turning them into rentals. And buying up land, turning them into solar farms.

Stupid mfers selling their homes to corporations without a care in the world that sooner or later they will be forced to rent a home, at the very least their children and their children’s children will be.
I can't blame people taking cash offers with no inspections. That sounds hard to pass up.

Nobody ever gives a fuk about the future consequences if they stand to gain personally
post 1658322113 03-21-2022, 01:01 PM
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#47
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Originally Posted By soaponarope1⏩
lol this. The woman looks like she's 40 and she's a nursing student? Maybe the fact you squandered the first 20 years of your adult life before picking a real job is the reason you're crying on 60 minutes about $1,400 in rent. Dude is an occupational therapist too which according to google averages at $85k/year.

I lived in Florida long enough to know that Jacksonville is cheap as ****. Looks like that is still the case.



This couple looks older than me. Wtf are they doing renting?
Houses on Moncreif rent for $1200+ these days. If you lived in Jacksonville, then that should tell you that it ain’t cheap anymore.
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post 1658322323 03-21-2022, 01:05 PM
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Sell drugs / go on welfare. Problem solved
post 1658322763 03-21-2022, 01:13 PM
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#49
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Originally Posted By illriginalized⏩
It’s by design. The Great Reset is all about elimination of property ownership.

That’s why Black Rock has been buying up homes, turning them into rentals. And buying up land, turning them into solar farms.

Stupid mfers selling their homes to corporations without a care in the world that sooner or later they will be forced to rent a home, at the very least their children and their children’s children will be.
To much real life seriously. Can't really think people in my neighborhood are buying 600k+ houses that are literally **** holes. Doesn't seem to make sense.
post 1658322873 03-21-2022, 01:15 PM
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#50
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Originally Posted By BigBallsMcgee⏩
I can't blame people taking cash offers with no inspections. That sounds hard to pass up.

Nobody ever gives a fuk about the future consequences if they stand to gain personally
It's very hard to pass up. Just had a family member sell their house. Multiple offers over asking price. They took the 2nd highest offer which was 4k less than the highest, but required no inspection, and was cash.
Thankfully it wasn't Blackstone or Blackrock. Just a retired couple wanting out of California. I think buying a house sans inspection is insane but apparently lots of people are doing it.
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post 1658327203 03-21-2022, 02:28 PM
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Originally Posted By kcadrenalin⏩
It's very hard to pass up. Just had a family member sell their house. Multiple offers over asking price. They took the 2nd highest offer which was 4k less than the highest, but required no inspection, and was cash.
Thankfully it wasn't Blackstone or Blackrock. Just a retired couple wanting out of California. I think buying a house sans inspection is insane but apparently lots of people are doing it.
its insanity but I could see an old retired couple not giving a fuk. If you arent willing to do such madness its hard to even compete.
post 1658327633 03-21-2022, 02:36 PM
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#52
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Thing is these are started homes too. Essentially cutting off couples, and people from starting their life, and "american dream". Fuk these companies
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post 1658327853 03-21-2022, 02:42 PM
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Originally Posted By Pterodactyl314⏩
Idk how people working near minimum wage afford any kind of roof.
They can't
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post 1658328053 03-21-2022, 02:46 PM
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Originally Posted By BigBallsMcgee⏩
Im far from down with the socialist movement among american youths, but I do get there point at this point. Standard of living is on a steep decline and they're expected to just shut up and go to work anyway
Bull****, all you ever do is bitch about not owning a home, getting reparations and being a manlet.
post 1658328213 03-21-2022, 02:49 PM
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Originally Posted By kcadrenalin⏩
I think buying a house sans inspection is insane but apparently lots of people are doing it.
It's the norm where we are now. All it takes is a few people offering it and basically once people realize they don't have to risk an inspection adjusting the price, why wouldn't you jump at it even with a slightly lower offer. And your inspection is only as good as the inspector. My stepmothers' son was studying to be one and he's a complete moron, the barrier to entry is zero.
post 1658328303 03-21-2022, 02:51 PM
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Originally Posted By Dave22reborn⏩
Bull****, all you ever do is bitch about not owning a home, getting reparations and being a manlet.
And you think that means I'm a socialist?
post 1658328463 03-21-2022, 02:54 PM
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Originally Posted By Briisk⏩
Thing is these are started homes too. Essentially cutting off couples, and people from starting their life, and "american dream". Fuk these companies
LOL at the end of the interview. "you can't own the American dream, but you can rent it." just lol
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post 1658328643 03-21-2022, 02:58 PM
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Originally Posted By soaponarope1⏩
The average home is twice as big as it was in 1970, so why shouldn't it cost way more? In January of 1970 the home price to median income ratio was 4.42. Right now it is 7.46. Since homes have doubled in size why shouldn't the cost increase also double? That is a 168% increase in the home cost to median income ratio, meanwhile the size of a home has increased 177%. Sounds about right to me.
Christ youre stupid and lack any sort of intellectual capabilties
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post 1658328953 03-21-2022, 03:04 PM
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#59
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Lol at thinking this institutional asset purchasing and being a homeowner is a thing now that can't be achieved. Homes in US cost phuck all to make and theirs still plenty of land. Real Estate agents may have the upper hand at the moment but soon or later they will be sucking dick for leads. Just the cycle of life boyos.

If people in US can't buy a home, they will just move elsewhere. Homes are not that expensive in the US and you don't even need the money you just need a mortgage. What people won't be getting is the same quality home where they grew up if they are single, thats where people go missing, all my friends have done better and will do better than there parents, if they are in a relationship, the caveat is taht you have to ram the same pussy forever....no thanks, give me a flat. they grow up in Palo Alto and expect to be able to get the same home as a single person, and still travel the world and buy nice things, when their parents never did that. They can still get an apartment on the outskirts though.

Thats the difference.

Just lol at thinking some lumber which a bunch of El Salvadorians put together in 8 days is a "rare" asset.

What is going on now is identical to 2007 Crash, Property doesn't go up and compared to other assets, its actually not that great of an investment.
post 1658329113 03-21-2022, 03:08 PM
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Honest question

How does this end?

Rent and housing is going up faster than wages

Inflation raising faster than wages

Living alone is becoming impossible in the city

People with good jobs are going to end up having to move to the ghettos to afford a place

This is just insanity

Being single with one income in this housing market is just absolute brutal unless you make over 100k
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