Why don't millennials own homes?

That's probably why they don't have a landlord problem. Good idea.

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The exact same thing happens with every other nation on the planet.

ft.com/content/070dcea4-8130-11e8-8e67-1e1a0846c475

nah fuck arabs man

A 3 million dollar house looks like THAT?

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Thanks for the useless paywalled link, but yes it does happen everywhere. Stop paying your property taxes and you’ll eventually find out who actually owns it.

and it's beautiful

>Fun fact: in China literally everything is leased, with actual ownership
In the USA, even if you completely pay off a house you STILL NEED TO PAY FUCKING PROPERTY TAX TO THE GOVERNMENT FUCK YOU GOVERNMENT FUCK YOU GOVERNMENT FUCK YOU GOVERNMENT REEEEEEEEEEEEEEEEEEEEEEEEEEEEE

What's wrong with that? Looks like there's 12 units in there or so to rent out.

Imagine you go inside and it's actually a huge luxury bunker. Great sleeper property.

That's ok, that means they'll have an obligation to protect your property and have emergency services respond to it. You can't take care of hundreds of acres of land by yourself, costs less to pay land tax than it does to hire security and emergency shit for that amount of space.

id buy that. its probably worth more than that

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(here's why)

424m2 in one of the freest economy in the world.
3.5million are reasonable.

It was 350k in 2015
700-800k now
better avoid avocados fren

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Property tax isn't that much if you're not in a big boomershed, shut the fuck up Stefan

lmfao

This would make a nice cuck shed

lol

what does it look like now?

I know several Millennial that just bought their first homes
I guess you dont know much

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this is obviously surrounded by two retail properties on a commercial street and costs that much because someone could put a business there

Do you have any pictures of the backyard?

The exterior still look the same, but the interior is pretty well renovated. Most likely kept like this on purpose.

zillow.com/homedetails/16-De-Long-St-San-Francisco-CA-94112/15195901_zpid/

It was last sold for 622k. Which isn't that expensive for a single family house in a major city.

I do, which means locked in my rent for the next 20 years, have fun with your rent going up

mommy and daddy buying it for them doesn't count.

I don't like mowing
Townhouses are cheaper than apartments in my city so I'll probably be forced to "own" a house

i think that was the point considering its both 3 mill... corner building + all those bikes parked has to mean atleast some flow of traffic for first floor to be always in demand and 2 other stories you can rent out... fuck, being a landlord must feel nice in some countries.

I pray every day that the housing market crashes before the boomers die off

>The exterior still looks the same
No, they fucked it up. Should have kept it the way it was for the memes

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It's actually a hypercube and has 25 rooms. You just can't see them.

Why would I take a huge risk and lose flexibility when I can just rent for way below market level due to local rent control laws?

property tax is very significant. it's about 25% of what you'd be paying for rent. can be worse depending where you live.

You could still make a killing with haunted house tours on Halloween.

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Oh what a shock another dishonest thread on housing

That's because you're a piece of shit

Implying gubmint will preemptively protect your land.
Implying you have an option not to pay yhe tax and contract a private security xompany

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Minas Cuckith

>says 5 bedroom 4 bath apartment right on it
user i...