Is homeownership a meme?

>wanting to save 90% on a house is dumb
K

the irony

Lmao, go ahead and keep investing your "future".

>With the advent of 3D printing, wont it lower the housing cost dramatically?
The most expensive part of the house is the land, atm 3d printing houses is a meme the geometry of houses are fairly simple for their components to be mass manufactured

one thing that could be interesting to think about would be subscription-based living accomodation. You could be subscribed to a development company/ brand and would have access to any of their apartments/ housing precincts around the country/world with all associated membership benefits. Tokenization of the company shares would give members the opportunity to be asset owners (similar to REITs). If this were to happen there could be interesting implications for the definition of a nation and what it means to be a citizen

wanting to waste hundreds of grands on an overinflated market right before a recession just because it is a tangible asset and gives you comfy feelings isn't very rational. Property is as much of a ponzi as any other asset

Home ownership is not a meme. However HOAs are a meme

>04/20/19(Sat)17:01:07 No.13387561
3D printing is just a marginal improvement over current manufactured homes since the technology isn't even yet available at scale. However, the biggest cost of any real estate is the land. Doesn't matter how cheap the house that sits on the lot is when you're paying $1 million for the lot in San Fran.

owning a property has its benefits. renting that property to some normie has many tax benefits. However, I would only buy a property if it the repayments were equal to or slightly above the cost of renting. If renting is way cheaper than a mortgage then I'd probably keeping rent where i cannot afford to buy, somewhere nice ya know.

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No it's not a meme. Especially if renting is close to mortgage payments. Also as others have said in this thread investing in cash flowing real estate is great.

>home ownership
how about LAND ownership in states/countries with FULL CASTLE LAW

>What other significant changes can we expect in the future with regards to real estate?

They won't let the bubble collapse. Properties will continue to get smaller and smaller until Gen Z ends up living in tiny little cuckcapsules valued at $3m and up.

Cement broseph. With a large enough rig you could print an entire foundation with concrete.

Rent is good for short term.
Owning is good for long term.

Rent might be good sometimes if the rent is cheap.

>its another petfag episode

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wow so subtle

butthurt you didnt buy 3 digit BTC?

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Interest rates are so low and banks have so much to give out they're litteraly throwing their money at your face

If I had a 100k, I would invest it, and still borrow the whole cake

I signed two month ago, 1.37% interest on 20 years with zero downpayment, and tax deductible interest payments. 3 bedroom appartment, I live in 1 the 2 other cover the monthly payments. After one year of rental history, I'm buying another one, and the first flat will pay half the mortgage on the second.
All expenses made on 2 nd flat will be imputed on first for tax deduction.

why anyone would invest anything in anything without a clear fical gameplan is beyond me. gains are only half the battle, the other is fiscal engineering

the cheapest of rent is always more expensive than the ceapest of mortgege.
most landlords are repaying a loan on the apprtment they rent, and unless the markets forces them to go lower (which it won't unless you live in some bumfuck nowhere cesspool) they price the rent to cover mortgege+utilities+lost rents

If you renting you are paying a mortgage, it's just someone else's

renting is literally paying to be your landlord's bag holder- without ever building equity,

that 800 dollar mortgage isn't 800 when you have to fix everything that breaks.

Difference is, if you have 20% of the down in your pocket and you can generate more income in the S&P market index than potential wealth from housing then you're doing better off.

What's your credit score user

>the biggest cost of any real estate is the land
depends where you are, could be the cheapest if in rural area or the most expensive if in tokyo.

How often does "everything" break? Even if you're just renting, the landlord is going to pass the cost onto you.

10 to 30 years depending on materials construction and if you make repairs in time

and no where i live rent basically equals to mortgage payments its retarded cost of ownership is not accounted for so renting is cheap as fuck.

my point precisely
when credit is so cheap, any investment pays for the cost of opportuiny.
If you have 100k laying around which you don't plan on spending, there are a bazillion 8 year term life insurance policies at 6-8%

Yuro so no credit score, no credit history, aside from a loan to get an MBA, 4 year term which I pais in two. I did pay a broker though, cost me 900€, for roughly 8k saved in interest compared to original offer from my bank
I lived in the US, and credit score is the ultimate form of enslavement
>your score is netter if you get into debt you pay on time than if you never got indebted
nearly every american I knew planned their available income as income+allowed debt, using debt for trivial stuff like holidays and redecoration, dishwashers and bartenders had SUVs, motorbikes and 6k rifles, it was surreal

do you need your own house? do you have a wife? kids? does your mom come over and clean the house for you?

As an American if I wanted to go to Europe would I be able to buy a house and get a job? Let's say I wanted to move permenantly. I knkw this details the thread but I want to know whether to settle here oraybe wait to move abroad

Yes, because you still pay rent to your government and they can access or take away the house at any time.

Less and less people live in rural areas and the trend will continue unless there is a "fall of Rome" style cataclysm happening.

Noone wants to leave in rural areas because opportunities and infrastructures are really poor, people want to live either in rich districts of urban centers (think Chelsea/XVIth arrondissement/Upper East Side) or in the outskirt of middle/little cities (where you have space and calm but aren't too far from anything).

There is no technological solution to the crazy boom of price real estate, only demographic decline could weaken itwhich our kikes in chief are totally against as it would mean no more brown people to import and a decline in consumerism (which ironically will lead to this cataclysm).

>As an American if I wanted to go to Europe would I be able to buy a house and get a job?

Yes, no, maybe?

How do you expect anyone to reply to such a question when you don't give any information about your skills, your education level, your net worth or the place you want to settle (Europe is a continent ranging from Spain to Russia, not a country)

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imoe with the advent of remote work and virtual offices this will swing around. cities will be abandoned hollow haunted places like malls.

This is "We're going to have flying cars and cure cancer" leddit tier shit. This is not going to happen in our lifetimes.

only applies if you're renting a studio in the most expensive location

The proper way to do it is renting a room from a shared house in bumfuck nowhere for couple years as you accumulate internet funny money

No wood with a 3d printer.

>opposed to all in crypto
>MFW

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It already exists.

As the worlds population continues to increase, the price of housing will continue to trend upwards. Sure there may be a short drop here and there but the overall trend will be upwards.

Land is a precious resource, and owning your own house is a great investment. Fuck giving money to a (((landlord))) or sharing with someone.

In the west birthrates are below replacement.

And yet population keeps increasing.

Really makes you think.

Doubt it.
user always have a bias because most of you are virgins NEETs with no friends, normies are much more social and crave the interaction that no Slack channel will ever provide. Besides not all jobs are about being an office drone.

Also everything related to social entertainment (bars, clubs, restaurants, sports) won't be replaced by things like VR too, you can't virtualize core infrastructures either like hospitals/administration/airports/seaport/courts/government branches/research center/etc...
The more people there are in those places the more economic opportunities you can obtain.

Typically if you were an entrepreneur with an idea to satisfy a niche of the population but to make it work you would need a high density of population, would you settle in Tulsa or in Manhattan ?

Finally there is the class aspect, rich people don't want to live among poor people, they don't want to live alone in the middle of nowhere either, they want to be in the nice idylic neighbourhood with other rich people like them for a shitton of reason (mating, networking, activities, etc..).
That's how you end up with rich districts and poor districts, it's a question of status and opportunities.

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For a vast majority of the population renting and “owning” might as well be the same. Seeing as how most people will get a 30 year mortgage and then move every 5-8 years, every.single.time.

cities were a matter of convenience today with the internet and glibalization they are no longer as convenient the social aspect remains but the main point to live and go into a citty from agglomeration is work once you remove that everything changes. traffic jams will be a thibg of the past wasted hours withtravel saved and most cities will end up like chicago

youtube.com/watch?v=NZR_vMTLfIk

actually it has capped hard
seems to be human population is stull a function of agricultural productivity

Buy a house and rent it to pay the mortgage, live in a van down by the river.

>3D printing
>Not building your house out of sustainable, self repairing, edible fungi.

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Regarding 3D printing and the fact that the cost of the house is the cost of the land:

>>It's true, however, an other technology could greatly decrease the cost of real estate in the decades to come: autonomous cars.

Indeed, with autonomous cars and (Elon Musk) tunnels, no more traffic jam in about 15 years in big cities. Thus, if today commuting from downtown to distant suburbs could take one hour and a half, in about 20 years, it would take less than half an hour, Making it less interesting to live downtown, and lowering the cost of housing.

I'm a millenial, never rented, just bought my first house with an FHA loan. Morgage is 1100 a month. Gonna get about 4k on my tax return next year. In the process of remodeling. Will sell in a couple of years and make a nice chunk of money on it.

Mortgage*

Hate to piss on your fire user. We are facing a global recession and house prices are already on the downturn already (Australia, Canada etc)
Hope you plan to live in your house for life and pay down the debt, as it’ll take you a decade or so to get out of negative equity.
I’m afraid you fell for the boomer meme, the term ‘mortgage’ means death pledge in latin, ironic really, but then again burgers don’t really get irony.

I bought my house for 107k 6 years ago. Its worth 180k now.

You are right its just not worth it

I would be inclined to agree with you if I didn't do a lot of research into the property I bought.

You see, I bought a house 10 minutes from one of the most popular island beaches in the United States. The profits from tourism in my county are up by 5.5% from last year - about 1.2 billion dollars. Visitors are up 2%, about 3.1 million visitors this year alone. My house is a cottage that is an ideal seasonal home for boomers or millennials, and it's on the same block as a home with the same floorplan that just went under contract within a few weeks of being renovated by some quick flipping investor for a 150% return.

you know you are in a bubble when people think it's smart to "invest" in depreciating assets.

If you want to invest something immovable, invest in land, not some boomer house. Worst case scenario you can grow your own shit, live in a self sustaining environment.

Renting is mental retardation. I laugh at my coworkers who say they hardly have any savings because of sky-high rent. I'm fine living with my parents for a few more years and making a good downpayment on a house.

Some people just aren't willing to make the sacrifices needed for greater long term success. I think this lack of ambition is kind of sad.
I would be willing to share 1 room with 5 people if it was necessary. Either you pay interest or get paid interest.

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Depends, i pay only $300/ month. sharing with 3 ppl

This question is more subjective than most people are willing to admit depending on the goals of an individual.

Renting often allows for an individual to have much more flexibility in relocation and job opportunity.

Ownership allows individuals to build equity assuming the property will increase in value.

That said both have just as many flaws. Owning can lock down and individual to a region and they are responsible for all expenses which end up being written off as sunken costs. The truth is upkeep and repairs on the owner can reduce the actual return on investment for owning.
In comparison renting is often equated to throwing money away despite getting whatever perks a good rental comes with for example pool gym etc. Those perks are often related to luxury rentals though with higher costs. You also have far less customization with your environment when you rent and need to provide renters insurance and other odds and ends fees like lease down payments, early contract buyouts and the like.

It really depends on the individual. Do your fucking homework user. I should be doing homework right now but instead am procrastinating by talking about renting vs owning.

(((Sharing economy))) totally cucked and beta.

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this. when automated driving becomes a reality I'm moving out into the countryside on 100 acres an hour away from a major city

I can't imagine putting a massive downpayment on a house instead of putting that same money into crypto. One of the very dumbest things you could do right now

I put $100k down on a home in 2017, oh how rich I would be...fuck

Nice buy
What area?
Did you buy foreclosure/special circumstances?

I have a bachelor's. As of now I make 60k a year if that's what you mean by net worth. I have a car as my only asset. I thought the rules were the same for every country in Europe because of the EU.

>It won't because existing property owners would vote against anything that would lower their property values.

Until it doesn't fit your narative here.

>Petfag

You know a proper dog is going to save your beta ass when some nog breaks into your shack to buttfuck your asshole.