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Forum » $200k income now not enough to buy a home
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Thread: $200k income now not enough to buy a home

post 1689354583 09-01-2023, 05:34 PM
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  1. r32gojirra
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$200k income now not enough to buy a home

JFC if I was a zoomer I’d be rioting

https://www.news.com.au/finance/real...e9de9374977054

“Even high income households, earning $200,000 or more a year, could only afford to own about half the number of homes sold in 2022/23.”

Below average home in Sydney = probably condemned and not safe for habitation
post 1689354653 09-01-2023, 05:35 PM
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  1. LinuxJon
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How could this have happened? The leftists in charge of ever major western country love poor people and working class.
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post 1689354743 09-01-2023, 05:37 PM
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  1. r32gojirra
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Originally Posted By LinuxJon⏩
How could this have happened? The leftists in charge of ever major western country love poor people and working class.
The politicians love the working class

Or, at least they love their rental payments
post 1689354783 09-01-2023, 05:37 PM
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  1. BrooksKoepka
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I just live with gram gram forever
post 1689354933 09-01-2023, 05:42 PM
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surely this won't have any negative impacts on demographics etc. the kids will just be more motivated to work harder to make $400k
post 1689355193 09-01-2023, 05:46 PM
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  1. katya422
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Originally Posted By BrooksKoepka⏩
I just live with gram gram forever





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post 1689355503 09-01-2023, 05:53 PM
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  1. r32gojirra
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Originally Posted By Anachron⏩
Why aren't rentards contributing anything to help the situation?

Why are they only crying to the government?

That doesn't help...
Tbf government regulations and deadweight taxes are a big reason why houses are unaffordable

By the time you bring even a modest townhome to the market the buyer is paying $200-300k in embedded taxes

Plus the fact that the price has been artificially inflated by restricted supply
post 1689355663 09-01-2023, 05:56 PM
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#8
  1. RollTideBrah
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what is 200k in real money?

lol at subhuman third world using their fake bmmonry as 200k
post 1689355853 09-01-2023, 05:59 PM
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  1. mulletwarrior
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Yeah crazy times. Brother in law was contemplating raiding his 401k just to by an actually dilapidated house on the worst part of town - he doesn't make crazy money (like 70k i think), but in the United States, 70k should be enough to buy a beat up home surrounded by actual criminals and halfway houses.
Originally Posted By Anachron⏩
Why aren't rentards contributing anything to help the situation?

Why are they only crying to the government?

That doesn't help...
Understand you are just rubbing it in to the golden bull etc and that you are the proudest homeowner ever in existence.

But in all seriousness, what should a rentard do in 2023?
mo e
post 1689355933 09-01-2023, 06:00 PM
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Originally Posted By r32gojirra⏩
The politicians love the working class

Or, at least they love their rental payments
No need for rental payments. You can impose an eviction moratorium while collecting 100% of real estate taxes!
The closer we approach the uncertainty of life's ending the more we wish to trade all of the things we have acquired in exchange for all of the things we have lost: wealth for youth, knowledge for fresh curiosity, resignation for hope. We'd trade our wisdom for new experiences, but it is wisdom that will teach us that at the end of the road the only new experience is death.
post 1689356073 09-01-2023, 06:04 PM
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  1. RollTideBrah
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what is 200k of your shiithole currency in usd? 60k?
post 1689356443 09-01-2023, 06:13 PM
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  1. notbadnotbrad
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I honestly don’t even give a chit anymore

Just living brah
post 1689356623 09-01-2023, 06:16 PM
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Gotta love immigration. These countries leaders are ****ing us. So much competition for our own houses and **** from rich foreigners. It's so ****ed.
post 1689356853 09-01-2023, 06:21 PM
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It sick it piss it over srs.
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post 1689357343 09-01-2023, 06:32 PM
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Reminds me of the miscer that sold two houses in 2019 and became a rentard

He doesn’t post anymore because he probably committed suicide

Must have seen that as the easiest way out, rather than living the rest of his life rentarded
post 1689357573 09-01-2023, 06:36 PM
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  1. SoutheastBeast1
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Maybe this will discourage immigrants from flooding into the country if they realize the cost of housing is so steep. Probably not but might as well shoot for positive thinking
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
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post 1689357813 09-01-2023, 06:41 PM
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  1. naich
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Originally Posted By SoutheastBeast1⏩
Maybe this will discourage immigrants from flooding into the country if they realize the cost of housing is so steep. Probably not but might as well shoot for positive thinking
Immigrants probably have a higher tolerance for debt and risk considering they have seen the other side of the fence. Add that ontop of a better work ethic in general and a tendency to stuff as many generations and or people into a house as legally possible and you've got stiff competition.
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post 1689357893 09-01-2023, 06:42 PM
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Today was a good day, collected all the rent and nobody was late. Sad that I never got a tip from any of my tenants
post 1689357953 09-01-2023, 06:43 PM
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  1. notbadnotbrad
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Originally Posted By Anachron⏩
Buy more houses and rent them out to other rentards.

More rental supply = lower market rents.
A country like Canada is fuked on the supply side

Oh and the demand side lmao
post 1689358053 09-01-2023, 06:45 PM
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  1. BrianDaMan
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Originally Posted By naich⏩
Immigrants probably have a higher tolerance for debt and risk considering they have seen the other side of the fence. Add that ontop of a better work ethic in general and a tendency to stuff as many generations and or people into a house as legally possible and you've got stiff competition.
Yep Indians will have 4+ working adults contributing to the mortgage in those expensive cities where even 2 high earning adults isn't enough to afford a home. Non-immigrants are not going to pool money as a big group like that, or way less likely to do that.
post 1689362043 09-01-2023, 08:17 PM
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  1. r32gojirra
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Originally Posted By RollTideBrah⏩
what is 200k of your shiithole currency in usd? 60k?
About twenty bucks, which is more cash than you’ll ever see in your lifetime
post 1689362243 09-01-2023, 08:24 PM
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Originally Posted By r32gojirra⏩
Tbf government regulations and deadweight taxes are a big reason why houses are unaffordable

By the time you bring even a modest townhome to the market the buyer is paying $200-300k in embedded taxes

Plus the fact that the price has been artificially inflated by restricted supply
Those taxes help ur PM fight climate change u selfish fuk, and single family homes warm the climate too!

Live in ur hovel and be proud that Australia’s 0.003% of global population is helping Gaia
post 1689362503 09-01-2023, 08:30 PM
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Originally Posted By naich⏩
Immigrants probably have a higher tolerance for debt and risk considering they have seen the other side of the fence. Add that ontop of a better work ethic in general and a tendency to stuff as many generations and or people into a house as legally possible and you've got stiff competition.
Sounds like life never really gets easier...always new people/votes looking to get in that are hungrier and willing to do more for what you have. Maybe that's how they want it. And maybe we peaked back in the 50s or whatever when society was more homogenous and you could make it on one person's salary.
post 1689362653 09-01-2023, 08:34 PM
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Originally Posted By SoutheastBeast1⏩
Maybe this will discourage immigrants from flooding into the country if they realize the cost of housing is so steep. Probably not but might as well shoot for positive thinking
It’s not so bad when you got 12 people in a 2/1
post 1689362793 09-01-2023, 08:37 PM
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I thought canada was bad, looked up gold coast housing

LMAO thats ****ed
Great MAGA King status

Bing Chilling
post 1689362933 09-01-2023, 08:41 PM
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Originally Posted By notbadnotbrad⏩
I honestly don’t even give a chit anymore

Just living brah
Lol, yeah in late 2019 I was getting ready to potentially buy a Condo in 2020, then once Covid happened I haven't really even considered it since. Just doing my thing, somewhat going through the motions but it's actually a pretty liberating feeling.
post 1689363043 09-01-2023, 08:43 PM
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At least you can actually make 200k in Australia lol
A young bull and an old bull were standing atop a hill looking at a bunch of heifers in a field below.

The young bull says "Let's run down this hill and fuk one of those heifers."

The old bull replies "No. Let's walk down there, and fuk them all."
post 1689363253 09-01-2023, 08:49 PM
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Originally Posted By Smithers115⏩
I thought canada was bad, looked up gold coast housing

LMAO thats ****ed
Gold Coast is cheap by comparison to Sydney
post 1689363293 09-01-2023, 08:50 PM
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Originally Posted By Achilles87⏩
At least you can actually make 200k in Australia lol
…and get a 49% marginal tax rate lmao
post 1689363753 09-01-2023, 09:00 PM
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Originally Posted By r32gojirra⏩
…and get a 49% marginal tax rate lmao
Damn right, you gotta pay for those Covid lockdowns the rest of ur life

If only people had masked more (luulzzz!)
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